Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for the operating expenses until the adoption of the 2020 Operating Budget for the City of Newark and Department of Water and Sewer Utilities.
Funding Source: 2020 City Budget
Appropriation Amount: $51,921,606.00
Budget Year: 2020
Contract Period: June 1, 2020 through June 30, 2020
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Funds accepted by Resolution
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TE-#23
WHEREAS, pursuant to N.J.S.A. 40A:4-19, the Municipal Council of the City of Newark adopted Resolution 7R1-a, dated January 22, 2020 to provide funds for the period January 1, 2020 through March 31, 2020 and, Resolution 7R1-a, dated April 7, 2020 to provide funds for the period April 1, 2020 through April 30, 2020 and, Resolution 7R1-b, dated April 21, 2020 to provide funds for the period May 1, 2020 through May 31, 2020 until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from June 1, 2020 through June 30, 2020 until the adoption of 2020 Operating Budget; and
WHEREAS, a previous resolution authorizing TE #22 and prior temporary emergency appropriations submitted for Municipal Council approval totaled $213,750,462.78; and
WHEREAS, N.J.S.A. 40A:4-20 provides that the Governing Body by a two-thirds vote may make temporary emergency appropriations for any purpose for which appropriations may lawfully be made for the period between the beginning of the current fiscal year and the date of the adoption of the budget for...
Click here for full text