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 pensions until the adoption of the 2020 Operating Budget for the City of Newark. Funding Source: City Budget Appropriation Amount: $65,109,725.00 Budget Year: 2020 Budget Contract Period: January 1, 2020 through March 31, 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: Department Two-Thirds vote of full membership required.