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 operating expenses until the adoption of the 2023 Operating Budget for the City of Newark and Department of Water and Sewer Utilities.
Funding Source: 2023 Operating Budget
Appropriation Amount: $60,952,961.00
Budget Year: 2023
Contract Period: May 1, 2023 through May 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
TE #23
WHEREAS, pursuant to N.J.S.A. 40A:4-19 the Municipal Council adopted Resolution 7R1-e dated December 21, 2022, to provide funds for the period January 1, 2023 through March 31, 2023, and Resolution 7R1-f dated April 5, 2023, to provide funds for the period April 1, 2023 through April 30, 2023 until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from May 1, 2023 through May 31, 2023 until the adoption of 2023 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 #23 is to provide funds for the period of May 1, 2023 through May 31, 2023, until the adoption of the Budget; and
WHEREAS, the emergency appropriations adopted in 2023, pursuant to N.J.S.A.:40A:4-20 including this Resolution total..............................................$238,258...
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