Title
Dept/ Agency: Administration/Office of Management and Budget
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for the operating expenses until the adoption of the 2022 Operating Budget for the City of Newark and Department of Water and Sewer Utilities.
Funding Source: 2022 Budget
Appropriation Amount: $55,478,400.00
Budget Year: 2022
Contract Period: June 1, 2022 through June 30, 2022
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X ) N/A
Additional Information:
Funds accepted by Resolution - Not Applicable
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TE #29
WHEREAS, pursuant to N.J.S.A. 40A:4-19, the Municipal Council adopted Resolution 7R1-b on January 5, 2022 to provide funds for the period January 1, 2022 through March 31, 2022, Resolution 7R1-a(s) adopted on April 12, 2022 to provide funds for the period April 1, 2022 through April 30, 2022 and Resolution 7R1-b adopted on May 5, 2022 to provide funds for the period May 1, 2022 through May 31, 2022 until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from June 1, 2022 through June 30, 2022 until the adoption of the 2022 Operating Budget; 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 said year; and
WHEREAS, TE #29 is to provide funds for the period of June 1, 2022 through June 30, 2022, ...
Click here for full text