[HISTORY: Adopted by the Township Committee of the Township of Bordentown as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-27-2012 by Ord. No. 2012-12 (Ch. 3.32 of the 2003 Municipal Code)]
The unreserved fund balance shall consist of a minimum 10% of cash surplus or 5% of budgeted expenditures, whichever is less; until which time, the unreserved fund balance is an amount equal to no more than 10% of annual operating expenditures.