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 2023 Operating Budget for the City of Newark Current Fund, and Water and Sewer Utilities.
Funding Source: City of Newark Budget
Appropriation Amount: $201,356,619.00
Budget Year: 2023
Contract Period: January 1, 2023 through March 31, 2023
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:
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TAR #1
WHEREAS, N.J.S.A. 40A:4-19 provides that where any contracts, commitments or payments are made prior to final adoption of the 2023 Budget, temporary appropriations should be made for the purposes and amount required in the manner and time therein provided a resolution is adopted by two-thirds of the full membership; and
WHEREAS, this Resolution is passed at this Regular Meeting of the Municipal Council on December 21, 2022, to be effective as of January 1, 2023; and
WHEREAS, 26.25% of the total appropriation in the Budget exclusive of any appropriations made for Debt Service, Capital and Relief Fund Contributions in the 2023 Budget is the sum of $201,356,619.00.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The following temporary appropriations are made, and that a certified copy of this Resolution is transmitted to the Chief Financial Officer for his/her records.
2. The Governing Body by a two-thirds vote of its full membership hereby amends its temporary budget by making the following temporary appropriations:
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