R3-25

RESOLUTION TO APPROVE TEMPORARY OPERATING BUDGET CY 2025

WHEREAS, in accordance with N.J.S.A. 40A:4-19, "the governing body may and, if any contracts, commitments or payments are to be made prior to the adoption of the budget, shall by resolution adopted within the first 30 days of the beginning of the fiscal year, make appropriations to provide for the period between the beginning of the fiscal year and the adoption of the budget.

WHEREAS, the total of appropriations so made shall not exceed 26.25% of the total of the appropriations made for all purposes in the budget for the preceding fiscal year excluding in both instances, appropriations made for interest and debt redemption charges capital improvement fund and public assistance.

WHEREAS, nothing herein contained shall prevent or relieve the governing body from making appropriations during the last 10 days of the year preceding the beginning of the fiscal year for all interest and debt redemption charges maturing during the fiscal year".

NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Township of Jackson, County of Ocean, State of New Jersey that:

1. The following annexed schedule totaling $14,990,926.61 for the 2025 Temporary Municipal Operating Budget of the Township of Jackson is hereby made for the above stated reasons.
2. This resolution shall take effect upon majority affirmative vote of Jackson Township's Council members.
3. Copies of this executed resolution to the Administrator, Finance Department and Auditor.

I hereby certify the foregoing to be true copy of a Resolution adopted by the Township Council of the Township of Jackson, Ocean County, New Jersey at their Re-organization meeting held on January 2, 2025.

Mary Moss, RMC

Municipal Clerk