09-62

RESOLUTION OF THE BOROUGH OF MERCHANTVILLE,

COUNTY OF CAMDEN AND STATE OF NEW JERSEY

 AUTHORIZING TEMPORARY EMERGENCY APPROPRIATIONS

                        WHEREAS, adoption of the 2009 Municipal Budget has been delayed; and

                        WHEREAS, no provision was made in the 2009 Temporary Budget for budget appropriations beyond March 31, 2009; and

                        WHEREAS, NJSA 40A:4-20 provides for the creation of an emergency temporary appropriation for operating expenditures when the adoption of the Municipal Budget has been delayed; and

                        WHEREAS, the total emergency operating expenditures for the second quarter of 2009 are expected to be $ 1,061,874.44 for the Current Fund and $ 89,656.61 for the Sewer Fund;

                        NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Borough of Merchantville in accordance with the provisions of NJSA 40A:4-20 that:

1.    An emergency temporary appropriation in the amount of $1,061,874.44 for the Current Fund and $ 89,656.61 for the Sewer Fund is hereby made.

2.    That said emergency temporary appropriations have been provided for in the 2009 Municipal Budget.

 BOROUGH OF MERCHANTVILLE       

THE BOROUGH OF MERCHANTVILLE

                                         BY:                                                                                    

FRANK M. NORTH, MAYOR

ATTEST:

DENISE L. BROUSE, BOROUGH CLERK

April 27, 2009