[Ord. 678, passed 6-23-1975]
The fiscal year shall be the calendar year.
[Ord. 678, passed 6-23-1975; Ord. 705, passed 10-25-1976]
(a)
The Manager shall submit in early October an operating budget for
the next year and a capital improvement budget for the next five years.
Council shall approve all budgets before the start of the fiscal year.
(b)
The Manager is responsible for budget control. He shall notify Council
promptly whenever present and anticipated obligations under any budget
item indicate an overrun that is both greater than $5,000 and greater
than 10% of the amount budgeted. Council may either take immediate
action to reduce the anticipated expenditure so as to be consistent
with the budget item or to amend the budget.
[Ord. 678, passed 6-23-1975]
The operating budget shall include all special funds and accounts
and shall be in the general form prescribed for First Class Townships.
It shall include repetitive items such as police cars. It shall not
exceed anticipated or available revenues. It shall be accompanied
by an explanation both in fiscal terms and in terms of programs with
special references to changes from the current year.
[Ord. 678, passed 6-23-1975]
The Capital Improvement Budget shall include proposed expenditures
for:
[Ord. 678, passed 6-23-1975]
Taxes and other incoming moneys shall be deposited in the bank
reasonably promptly.
[Ord. 678, passed 6-23-1975]
Payment of bills shall be by check after approval of the list
of bills by Council.
[Ord. 678, passed 6-23-1975]
Council shall require and provide bonds in such amounts as they
deelll proper for the Manager, Assistant Manager, Earned Income Tax
Collector, Treasurer and the Town Attorney.
[Ord. 678, passed 6-23-1975; Amended by referendum authorized by Ord.
869, adopted 11-8-1983]
Surplus funds shall be invested in United States Treasury notes
or bills, insured certificates of deposit or insured savings accounts.
[Ord. 678, passed 6-23-1975]
Reimbursement shall be made for travel and other proper expenses
incurred on Town business. Approval by Council is required prior to
reimbursement.
[Ord. 678, passed 6-23-1975]
Council shall provide for an annual audit of all Town revenues
and accounts by an independent Certified Public Accountant who has
no personal interest, direct or indirect, in the fiscal affairs of
the Town. Council may provide for more frequent audits and special
audits as it deems necessary. The results of the annual audit and
a certified financial statement of the fiscal affairs of the Town
shall be presented to Council and published in a newspaper of general
circulation in the Town by April 1 of the year following the fiscal
year audited.
[Ord. 1126, passed 8-22-1994]
(a)
There is hereby created for the Town a Budgetary Reserve Account.
(b)
The Town Manager/Secretary is hereby directed to deposit all funds
received from the State Treasurer pursuant to Act 77 of 1993 for the
period of the first calendar year in which the additional 1% sales
tax is in effect into such Budgetary Reserve Account.
(c)
Such Budgetary Reserve Account created by this section shall be maintained
by the Town and the funds therein shall be retained by the Town until
such time as Council shall direct their expenditure, whether total
or partial, in connection with an unanticipated fiscal emergency of
the Town.
(d)
An unanticipated fiscal emergency as set forth in subsection (c) hereof may be defined to include, but shall need not be limited to, an unbudgeted or underbudgeted expense relating to:
(1)
The construction, repair or maintenance (including winter maintenance)
of public roads within the Town;
(2)
The purchase, lease, repair or maintenance of vehicles or other
equipment necessary to protect the public health, welfare and safety;
or
(3)
Such other unanticipated fiscal emergency as may be defined
by Council in its Resolution.
(e)
If a final decision of a court of competent jurisdiction holds any
provision of this section, or the application of any provision to
any circumstances to be illegal or unconstitutional, all the other
provisions to other circumstances, shall remain in full force and
effect. The intention of the Town is that the provisions of this section
shall be severable and that this section would have been adopted if
any such illegal or unconstitutional provisions had not been included.
