B.
He shall also prepare, in consultation with the Planning
Board, and submit to the Council a proposed general improvement program
and capital budget in accordance with the provisions of N.J.S.A. 40A:4-43
and the regulations of the local government board thereunder.
C.
In addition, the Mayor shall follow such procedures
and submit to the Council such additional information and recommendations
as are required by the Charter or Code.
The Mayor, with the assistance of the Business
Administrator, shall prepare and submit to the Council his annual
budget pursuant to the Local Budget Law. During the month of November
in each year, the Municipal Mayor shall require all department heads
to submit requests for appropriations for the ensuing budget year
and to appear before him at public hearings, which shall be held during
that month, on the various requests.
A.
The budget submitted by the Mayor to the Council shall
be in such form as is required to satisfy the Local Budget Law and
administrative regulations thereunder.
B.
In a capital section, there shall be included such
projects and outlays as the Mayor may recommend, together with their
explanation and justification.
C.
With respect to the current section, the budget document
shall include statements of the cost of performance of functional
programs and activities in terms of quantitative, countable units
of work, to the extent that the Mayor may determine to be feasible
and pertinent.
D.
The budget document shall also include supplementary
detailed analyses of expenditures and revenues required for effective
consideration of the recommendations, together with such explanations
of the relationships of planning, programming and budgeting as may
be appropriate to the particular budget.
After public hearing and such revision as it
may deem desirable, the budget may be amended by the Council pursuant
to N.J.S.A. 40:69A-46.
Budget appropriations shall be controlled by
an encumbrance system which shall be prescribed or approved by the
Mayor. In consultation with the Council, the Mayor shall establish
quarterly or such other periodic allotments of appropriations as he
may deem desirable. Each department shall plan and administer its
work program within the limits of such allotments, and no commitments
shall be incurred in excess of any such allotment except upon written
authorization of the Mayor.
Within the limits of available appropriations,
the Mayor is authorized to negotiate contracts and other legally binding
obligations of the Town upon approval of the Council. Any such document
shall be signed by the Mayor and attested by the Clerk or Deputy Clerk
and approved by the Town Attorney for legal form and sufficiency.
Purchase orders, for which a formal contract is not required by the
Charter, may be executed by the Mayor or Business Administrator without
further approval.
Where contracts are let by competitive bidding
pursuant to the Charter, the Council may award the contract in the
manner prescribed by law.
A.
Except as may otherwise be provided by resolution
adopted pursuant to the Local Bond Law,[1] the Mayor is designated as the financial officer to sell
and award bonds in accordance with the advertised terms of public
sale. He shall report in writing to the Council at the next meeting
thereof as to the principal amount, interest rate and maturities of
the bonds sold, the price obtained and the name of the purchaser.
[1]
Editor's Note: See N.J.S.A. 40A:2-1 et seq.
B.
Tax and bond anticipation notes may be issued and
sold in accordance with the Local Bond Law, provided that the Mayor
shall solicit and record as a permanent record in his office informal
bids on the interest rate before any such sale, and the notes shall
be issued and sold to the lowest bidder, wherever practical.
C.
The Treasurer shall administer the Town debt and the
receipt and delivery of bonds and notes for transfer, registration
and exchange, subject to the provisions of the Local Bond Law (N.J.S.A.
40A:2-1 et seq.).
