Resolution #16-03: Resolution for the Late Introduction of the 2016 Budget

Date of Adoption: January 21, 2016

WHEREAS, the local authorities law requires every authority to transmit two certified copies of the budget to the Director of Local Government Services at least 60 days prior to the end of the current fiscal year; and

WHEREAS, the Vernon Township Municipal Utilities Authority budget for the fiscal year ended December 31, 2016 was due on November 1, 2015;

NOW, THEREFORE BE IT RESOLVED by the commissioners of the Vernon Township Municipal Utilities Authority that the reason for late introduction of the authority budget for fiscal year ended December 31,2016 is that the authority’s estimated revenues and appropriations were not know at the time the budget was legally introduced.