Resolution #13-04: Adopt 2013 Budget for Fiscal Year from January 1, 2013 to December 31, 2013

Date of Adoption: January 24, 2013

WHEREAS, the Annual Budget and Capital Budget/Program for the Vernon Township Municipal Utilities Authority for the fiscal year beginning January 1, 2013 and ending December 31, 2013 has been presented for adoption before the Commissioners of the Vernon Township Municipal Utilities Authority at its open public meeting of December 20, 2012 and

WHEREAS, the Annual Budget and Capital Budget as presented for adoption reflects each item of revenue and appropriation in the same amount and title as set forth in the introduced and approved budget, including all amendments thereto, if any, which have been approved by the Director of the Division of Local Government Services; and

WHEREAS, the Annual Budget as presented for adoption reflects Total Revenues of $1.623.206 Total Appropriations, including any Accumulated Deficit, if any, of $1,623,206, and Total Unreserved Retained Earnings utilized of $-0-; and

WHEREAS, the Capital Budget as presented for adoption reflects Total Capital Appropriations of $100,000 and Total Unreserved Retained Earnings planned to be utilized of $-0-, reserve for renewal and replacement of $-0- and debt authorized of $-0- planned to be utilized as funding thereof; and

NOW, THEREFORE BE IT RESOLVED, by the Commissioners of the Vernon Township Municipal Utilities Authority, at an open public meeting held on January 24, 2013 that the Annual Budget and Capital Budget/Program of the Vernon Township Municipal Utilities Authority for the fiscal year beginning January 1, 2013 and ending December 31, 2013 is hereby adopted and shall constitute appropriations for the purposes stated; and

BE IT FURTHER RESOLVED, that the Annual Budget and Capital Budget/Program as presented for adoption reflects each item of revenue and appropriation in the same amount and title as set forth in the introduced and approved budget, including all amendments thereto, if any, which have been approved by the Director of the Division of Local Government Services.