R4-25
RESOLUTION AMENDING THE CASH MANAGEMENT PLAN AND DESIGNATING OFFICIAL DEPOSITORIES OF FUNDS FOR CALENDAR YEAR 2025
WHEREAS, N.J.S.A. 40A:5-14 provides that:
“Each local unit shall adopt a cash management plan and shall deposit, or invest, or both deposit and invest, its funds pursuant to the plan.”
BE IT RESOLVED by the Township Council the Township of Jackson that the Cash Management Plan as incorporated herein by reference hereto be and the same is adopted by the Township Council of the Township of Jackson; and
BE IT FURTHER RESOLVED by the Township Council of the Township of Jackson as follows:
That the Chief Financial Officer shall deposit and invest all moneys of this municipality as designated by the Cash Management Plan in accordance with the provisions of the Plan and in accordance with N.J.S.A 40A:5-14.
That the Township Clerk shall file a certified copy of this resolution with the Chief Financial Officer and Municipal Auditor.
CASH MANAGEMENT PLAN OF THE TOWNSHIP OF JACKSON, IN THE COUNTY OF OCEAN, STATE OF NEW JERSEY
I. STATEMENT OF PURPOSE
This Cash Management Plan (the Plan) is prepared pursuant to provisions of N.J.S.A 40A:5-14 in order to set for the basis for the deposits (Deposits) and investments (permitted investments) of certain public funds of the Township of Jackson, pending the use of such funds for the intended purposes. The Plan is intended to assure that all public funds identified herein are deposited in interest bearing accounts or otherwise safeguarded, in permitted investments hereinafter referred to. The intent of the Plan is to provide that the decisions made with regard to the Deposits and the Permitted Investments will be done to ensure the safety, the liquidity (regarding it's availability for the intended purposes), and the maximum investment return within such limits. The Plan is intended to ensure that any Deposits and Permitted Investments matures within the time period that approximates the prospective need for the funds deposited or invested so that there is not a risk to the market value of such Deposits or Permitted Investments.
II. IDENTIFICATION OF FUNDS AND ACCOUNTS TO BE COVERED BY THE PLAN
The Plan is intended to cover the deposit and/or investments of the following funds and accounts of the Township of Jackson:
Current Fund
Capital FundParks & RecreationDog FundPublic AssistanceHandicap Trust FundGeneral Trust FundPayroll AccountOpen Space Trust FundAffordable Housing 3rd RoundDevelopers Fees-COAH Trust Fund