[HISTORY: Adopted by the Township Committee of the Township of South Harrison 12-28-2005 by Ord. No. 0-05-17. Amendments noted where applicable.]
The South Harrison Township (SHT) Chief Finance Officer (CFO) and/or Municipal Finance Officer (MFO) shall establish and maintain a Snow Removal Trust Fund (SRTF) with the SHT-designated bank and/or banks.
The funds to establish and maintain the SRTF shall be from excess unexpended and unobligated account balances budgeted annually as determined by the CFO and/or MFO in accord with the following priority:
If the expenditure demands from the SRTF exceed the available excess unexpended and unobligated of the anticipated (as determined by the CFO/MFO) annual budget balances, the SHT Committee shall include in the next year's budget under "Snow Removal" an amount to restore the SRTF to an acceptable operating level that shall include the previous year's shortage and a reasonable estimate of the current year's snow removal expenses. The SRTF account minimum balance shall be no less than $500.
This SRTF shall not be used for budget shortages caused by a budget in which use of this fund is planned and designed for other than emergency purposes.
This SRTF shall be used to supplement the "SNOW REMOVAL - OTHER" expense account for unanticipated expenses incurred due to abnormal snow storms, such as the purchase of:
SHT employee annual budget overtime estimate for snow removal shall be part of the regular "PUBLIC WORKS SALARY & WAGES" account. This SRTF shall not be used for SHT employee overtime expenditures. The SHT Committee may by resolution and under special condition authorize use of SRTF for employee overtime over expenditure.
All interest earned by this trust fund shall be retained within this trust for use in accord with the provisions of this chapter.