A. 
The Mayor shall prepare and submit to the Council his annual budget in such form and according to such schedule as is required by the Local Budget Law.[1]
[1]
Editor's Note: See N.J.S.A. 40A:4-1 et seq.
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.).