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 2017 Operating Budget for the City of Newark Funding Source: City of Newark Budget Appropriation Amount: $35,533,747.18 Budget Year: 2017 Budget Contract Period: January 1, 2017 through March 31, 2017 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 7R1-d adopted January 5, 2017 Operating Agency: Department Two-Thirds vote of full membership required.