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 2018 Operating Budget for the City of Newark and Department of Water and Sewer Utilities Funding Source: 2018 Budget Appropriation Amount: $48,190,894.00 Budget Year: 2018 Contract Period: August 1, 2018 through August 31, 2018 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 Operating Agency: All Departments Two-Thirds vote of full membership required.