The fiscal year of the Township shall begin on the first day of January and end on the last day of December of each year.
On or before the 15th day of November of each year, the Board of Supervisors shall cause to be prepared a proposed budget for the ensuing fiscal year. The budget shall contain an outline of the proposed financial policies of the Township for the ensuing fiscal year. It shall indicate the major changes proposed from the current year in financial polices, expenditures and revenues, together with the reason for such changes.
The budget shall provide a complete financial plan of all Township funds and activities for the ensuing fiscal year and, except as required by this Charter, shall be in such form as the Board of Supervisors may require. The budget shall be organized so as to use the most feasible combination of expenditures classification by fund, organization unit, program, purpose or activity, and object. The budget shall contain, inter alia, the following:
(1) 
It shall begin with a general summary of its contents.
(2) 
It shall show in detail all estimated income, indicating the existing and proposed tax levies, as well as other assessments, fees and charges.
(3) 
It shall show all proposed expenditures, including debt service, for the ensuing fiscal year.
(4) 
It shall show the number of proposed employees in every job classification.
(5) 
It shall be so arranged as to show comparative figures of estimated income and expenditures for the ensuing fiscal year and actual income and expenditures for the preceding fiscal year.
(6) 
It shall indicate proposed expenditures during the ensuing fiscal year, detailed by officers, department and agencies, in terms of their respective work programs and the methods of financing such expenditures.
(7) 
It shall indicate proposed capital expenditures during the ensuing fiscal year, detailed by offices, departments and agencies, and the proposed method of financing each such capital expenditures.
(8) 
The long-term capital expenditures program shall be projected.
The annual budget shall be a public record and shall be available for public inspection after submission and prior to adoption, and after adoption, during regular business hours.
The annual budget shall be adopted by resolution. This action shall be taken prior to the commencement of the year for which the budget is prepared. Four weeks prior to adoption, the Supervisors shall hold one public hearing on the proposed budget. Notice of the hearing shall be released one week in advance to any newspaper or other publication of general circulation in the Township, advising residents that the budget is available for public inspection and the date and place of the public hearing.
The Board may modify the budget by resolution during the fiscal year for which the budget was adopted; provided, however, that such modification shall not result in expenditures exceeding the estimated income determined as of the time of the modification, and provided one public hearing on the modification is held, released as set forth in Section C-1145, immediately above.
Adoption of the budget and modifications thereof shall constitute appropriations for the expenditures set forth therein.
No payment of any funds of the Township shall be made unless provided for in the budget and approved by the board; provided, however, that payroll and utility expenditures may be made at the direction of the Chairman of the Board or the acting Chairman of the Board where based upon a prior ordinance or contract. All checks or drafts of the Township shall be signed by the Treasurer and shall be countersigned by the Chairman of the Board or the acting Chairman of the Board.
There shall be three (3) auditors elected at large. An auditor shall be elected to serve a term of six years, said term beginning the first Monday of January, 1976, and an auditor shall be elected every two years thereafter. The three auditors shall be elected and serve in accordance with the Laws of Pennsylvania relating to non-charter Township of the Second Class. They shall audit the accounts of the Township annually.
The Board of Supervisors may contract for an audit by a Certified Public Accountant.
Upon presentation of a petition by five (5%) percent of the registered voters of the Township asking for an independent audit, the Board of Supervisors must contract for an audit by a Certified Public Accountant.
Before entering upon the duties of their respective offices or positions, the Township Tax Collector, Auditors, Treasurer, and secretaries, as well as any other officer, agent or employee of the Township as the Board may determine, shall execute and file with the Township corporate surety bonds, conditioned for the honest and faithful performance of their respective duties, in such sums as shall be fixed by the Board. The agency placing such bonds shall be determined by the Board and the premium therefor shall be paid by the Township. Such bonds may provide for one or more additional obligee in the event that the officer bonded is acting in a dual or similar capacity with other political subdivisions or governmental or quasi governmental entities.