[Adopted 7-11-1988 as Ord.
No. 2309]
The Manager shall be responsible for the disbursement of all moneys
and have control over all expenditures to ensure that appropriations are not
exceeded. The Manager shall exercise financial budgetary control over each
department and shall cause separate accounts to be kept for the items of appropriation
contained in the budget. Each account shall show the amount of the appropriation,
the amounts paid therefrom, the unpaid obligations against it and the unencumbered
balance.
No department shall, during any budget year, expend or contract to expend
any money or incur any liability, or enter into any contract which, by its
terms, involves the expenditure of money for any purpose in excess of the
amounts appropriated for the department. Any contract, verbal or written,
made in violation of this Article shall be null and void.
No payment of any borough moneys shall be made except upon approval
of Council and the Mayor, as required by the Borough Code; provided, however, that payroll and utility expenditures may be
made at the direction of the Manager where based upon a prior ordinance or
contract. Directives for payment, as approved by the Council and the Mayor,
shall be certified by the Manager to the Finance Director. All checks or drafts
of the borough shall be signed by the Finance Director and by the Council
President.
The Manager shall report monthly to Council and to the Community Financial
Resources Board on the status of the capital and operating budgets. The report
shall include a comparison of actual revenues and expenditures against budget
estimates, capital projects completion status and such other fiscal information
as Council may require.
All appropriations shall lapse at the end of the fiscal year to the
extent that they shall not have been expended or encumbered.
The Council shall provide for an independent annual audit of all municipal
revenues, expenditures and accounts of all funds by a certified public accountant
or firm of certified public accountants in the manner authorized by law. The
Council may provide for more frequent audits, as well as special audits, as
it deems necessary.
The audit's final results, the financial statement and the accountant's
reports shall be published in the borough's official newspaper by April 1
of the year following the fiscal year audited.
[Adopted 7-11-1988 as Ord.
No. 2312]
The borough's fiscal year shall be the calendar year.
The borough's fiscal plans shall consist of the annual operating budget,
the capital budget, the capital improvements plan, a projected operating budget
and the budget message. These documents shall represent a comprehensive financial
plan for the next fiscal year and financial estimates projected over the next
four (4) years.