Pursuant to Section 3156-B of Act 77 of 1993, a budgetary reserve account is hereby established for
the purpose of retaining disbursements received by the Borough of
Heidelberg, during calendar year 1994, of tax moneys under Section
3157-B of Act 77.
The money disbursed to the Borough of Heidelberg
shall be retained in the budgetary reserve account, to be designated
as "emergency reserve account," without lapsing, for use during unanticipated
emergencies during fiscal year 1995 or thereafter.
Unanticipated emergencies are defined as any
of the following:
A. Unexpected costs resulting from breakage, damage,
malfunction or inadequacy of any borough-owned structure, utility,
road, property or improvement.
B. Unexpected costs incurred because of unusual weather
conditions or personnel requirements arising from injury, illness
or other unexpected reasons.
C. Exhaustion or unexpected substantial depletion of
the funds budgeted for an individual item in any fiscal year, such
that insufficient funds remain to carry out a municipal function or
service.
D. Any expense or decline in revenue incurred in connection
with the defense, prosecution or settlement of litigation or threatened
litigation or administrative proceeding or in connection with the
payment of any judgment, cost, fine or other expense to which the
borough is subjected as the result of litigation.
E. Unanticipated declines in revenues.
F. An unexpected need to provide funding to permit essential
services, properties or contracts to be secured in furtherance of
the public health, safety and welfare.
G. Any emergency declared by the President of the United
States, the Governor or the Allegheny County Commissioners.
H. Any other fiscal emergency as may be determined by
resolution of the Borough Council.