Resolution #14-04: Resolution to Adopt 2014 Budget for Fiscal Year from January 1, 2014 to December 31, 2014

Date of Adoption: January 16, 2014

WHEREAS, the Annual Budget and Capital Budget/Program for the Vernon Township Municipal Utilities Authority for the fiscal year beginning January 1st, 2014 and ending December 31, 2014 has been presented for adoption before the governing body of the Vernon Township Municipal Utilities Authority at its meeting of January 16th, 2014; 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 may have been approved by the Director of the Division of Local government Services; and

WHEREAS, the Annual Budget as passed for adoption reflects Total Revenue of $1,937,009, Total Appropriations, including any Accumulated Deficit, if any,$1,937,009 and total Unrestricted Net Assets utilized of $-0-; and

WHEREAS, the Capital Budget as introduced reflects Total Capital Appropriations of $150,000 and Total Unrestricted Net Assets planned to be utilized as funding therefore, of $-0-; and

NOW, THERFORE BE IT RESOLVED, by the governing body of the Vernon Township Municipal Utilities Authority, at an open public meeting held on January 16th, 2014 that the Annual Budget and Capital Budget/Program of the Vernon Township Utilities Authority for fiscal year beginning January 1, 2014 and ending December 31, 2014 is hereby adopted and shall constitute appropriations for the purposes stated; and

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