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."
The Pools Utility shall commence as of January 1, 2003, and
the same shall be retroactive to that date.
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.
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:
B. Interest and debt retirement.
C. Deferred charges and statutory expenditures.
The anticipated revenues and appropriations for the maintenance
and operation of the beaches shall not be included in the Pools Utility
budget.
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.
The Spring Lake Pools Utility shall be governed by the governing
body of the Borough of Spring Lake.
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.