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 2025 Operating Budget for the City of Newark and Department of Water and Sewer Utilities. Funding Source: 2025 Municipal Budget Appropriation Amount: $64,474,255.00 Budget Year: 2025 Contract Period: July 1, 2025 through July 31, 2025 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 N/A Operating Agency: All Departments Two-Thirds vote of full membership required