The preparation, submission, adoption and amendment of the annual budget shall be in accordance with Article
VII of the Charter.
The preparation, submission and adoption of
the capital program and capital budget shall be in accordance with
§ 702b of the Charter.
The classification of accounts and codes to
be used and followed in all financial plans, budgets and financial
reports shall be in conformity with the financial reporting requirements
of the Pennsylvania Department of Community Affairs.
The Director of Finance shall prepare the annual
financial statements of the Township within 30 days following the
end of the fiscal year. The annual financial statements of the Township
shall include but not be limited to the following:
A. Combined balance sheet: all funds.
B. Combined statement of revenues, expenditures and changes
in fund balance: all funds.
C. Schedule of the nonelectoral borrowing base as defined
in the Local Government Unit Debt Act.
D. Combined schedule of investments: all funds.
The Director of Finance shall have authority
to invest, redeem and reinvest funds available but not immediately
required for Township operations within the limits of programs previously
approved by the Board of Supervisors. Such investments shall be made
only in securities backed by the full faith and credit of the United
States government, by the Federal Deposit Insurance Corporation or
by the Federal Savings and Loan Insurance Corporation or by the pledges
of assets of the type and valuation as provided by law. Temporary
investments may also be made in bank certificates of deposit supported
by fully pledged collateral and repurchase agreements for the United
States government or other allowable securities. It shall be the responsibility
of the Finance Director to maximize investment revenues consistent
with applicable laws and minimum investment risk.
[Amended 6-26-2008 by Ord. No. 854]
The Township Manager shall authorize the Finance
Director to supervise the disposal of unneeded, obsolete or surplus
equipment with a sale value of less than $1,000 in the manner most
beneficial to the Township. Sale of equipment with a sale value of
more than $1,000 shall be sold with the approval of the Board of Supervisors
through competitive bidding which shall include and not be limited
by auctions, except that competitive bidding shall not be required
for the sale of equipment, supplies or services to other governmental
entities, agencies, authorities or political subdivisions. The Township
Manager, prior to any disposal, shall submit to the Board of Supervisors
for its information a list of all equipment being disposed of.