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 and capital improvements until the adoption of the 2018 Operating Budget for the City of Newark Funding Source: 2018 Budget Appropriation Amount: $55,858,264.15 Budget Year: 2018 Budget Contract Period: January 1, 2018 through March 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: Department Two-Thirds vote of full membership required.