Resolution #19-01: 2019 Final Adopted Budget

Date of Adoption: January 14, 2019

Fiscal Year January 1, 2019 to December 31, 2019

WHEREAS, the annual budget and capital budget/program for the Vernon Township Municipal Utilities Authority for the fiscal year beginning January 1, 2019 and ending, December 31, 2019 has been presented for adoption before the governing body of the Vernon Township Municipal Utilities Authority at its public meeting of January 17, 2019; 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 $2,751,554.00, total appropriations, including any accumulated deficit, if any, of $2,751,554.00 and total unrestricted net position utilized of $0.00; and

WHEREAS, the capital budget as presented for adoption reflects total capital appropriation of $65,000.00 and total unrestricted net position planned to be utilized as funding thereof, of $0.00; total other sources planned to be utilized as funding thereof, of $65,000.00; and

NOW, THEREFORE BE IT RESOLVED, by the governing body of the VERNON TOWNSHIP MUNICIPAL UTILITIES AUTHORITY, at an open public meeting held on January 17, 2019 that the annual budget and capital budget/program of the Vernon Township Municipal Utilities Authority for the fiscal year beginning, January 1, 2019 and, ending December 31, 2019 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.