Borough of Spring Lake, NJ Article V Pools Utility

[Adopted 3-11-2003 by Ord. No. 6-2003]

§ 18-31 Establishment.

Pursuant to the Local Budget Law (N.J.S.A. 40A:4-1 et seq.), a Pools and Pavilions Utility is established in the Borough of Spring Lake and the same shall be known and cited as the "Pools Utility of the Borough of Spring Lake."

§ 18-32 Date of establishment.

The Pools Utility shall commence as of January 1, 2003, and the same shall be retroactive to that date.

§ 18-33 Budget.

The Pools Utility budget shall set forth the anticipated revenues from the operation thereof which shall be set forth in a separate section of the budget.

§ 18-34 Budget details.

The Pools Utility budget shall set forth the appropriations in the form and detail prescribed by the regulations of the local governing board and shall include, at least:

A. Operations.

B. Interest and debt retirement.

C. Deferred charges and statutory expenditures.

§ 18-35 Budget exclusions.

The anticipated revenues and appropriations for the maintenance and operation of the beaches shall not be included in the Pools Utility budget.

§ 18-36 Accounting procedures.

The Borough officers and employees are directed and empowered to adopt accounting procedures consistent with this article and the aforesaid statutes in the creation of the Pools Utility.

§ 18-37 Governance of Utility.

The Spring Lake Pools Utility shall be governed by the governing body of the Borough of Spring Lake.

§ 18-38 Matters not determined.

All matters with respect to the operation and conduct of the Pools Utility not determined by this article shall be determined by resolutions to be hereafter adopted.