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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 preceding fiscal year excluding in both instances, appropriations made for interest and debt redemption charges capital improvement fund and public assistance.
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 COMMITTEE OF THE TOWNSHIP OF JACKSON, COUNTY OF OCEAN, STATE OF NEW JERSEY that:
The following annexed schedule totaling $6,583,448.13 for the 2003 Temporary Municipal Operating Budget of the Township of Jackson is hereby amended for the above stated reasons.
This resolution shall take effect upon majority affirmative vote of Jackson Township’s Committee members.
Copies of this executed resolution to the Administrator, Chief Financial Officer and Auditor.
ANN MARIE EDEN, R.M.C.
TOWNSHIP CLERK
DATED: 01/27/03
RESOLUTION 74R-03
TITLE: AUTHORIZE BUDGET TRANSFER RESOLUTION #5
MOTION TO APPROVE BY: GRISANTI
MOTION SECONDED BY: BRODERICK
YES: BRODERICK, GRISANTI, REILLY & GIBLIN
ABSENT: KAFTON
WHEREAS, under the provisions of N.J.S.A. 40A:4-58, “Should it become necessary, during the last 2 months of the fiscal year and the first three months of the new year, to expend for any other purposes specified in the budget an amount in excess of the respective sums appropriated therefore and there shall be an excess in any appropriation, the governing body may, by resolution setting forth the facts, adopted by not less than 2/3 vote of the full membership thereof, transfer the amount of such excess to those appropriations deemed to be insufficient; no transfers may be made to appropriations for contingent expenses or deferred charges.”
WHEREAS, certain appropriations listed herein have amounts in excess necessary to fulfill its purpose and others have insufficient funding for the calendar year.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and the Township Committee of the Township of Jackson, County of Ocean, State of New Jersey that:
The following annexed transfer schedule (#5) for the 2002 Municipal Operating Budget of the Township of Jackson are hereby made for the above stated reasons:
This resolution shall take effect upon two-thirds affirmative vote by the full governing body of the Township of Jackson.
Copies of this resolution to the Administrator, Chief Financial Officer and Auditor.
ANN MARIE EDEN, R.M.C.
TOWNSHIP CLERK