[Ord. 8-20-1968; New; Ord. #1310, 6-9-1998, amended]
The temporary and final annual budgets shall
be prepared by the Chief Financial Officer in the format required
by law and submitted at such time as the Township Committee shall
designate. The administrator and department heads may be required
to appear before the Township Committee at public hearings or executive
sessions regarding capital or expense budgets.
[Ord. 8-20-1968; New; Ord. #738; Ord. #1310, 6-9-1998, amended]
a.
The Chief Financial Officer, under the direction of
the Township Administrator, shall supervise the administration of
each annual budget. In consultation with department heads, he shall
establish periodic allotments of appropriations, and each department
shall plan and administer its expenditure program within the limits
of such allotments.
b.
If, at any time during the budget year, the Chief
Financial Officer shall ascertain that the Township is faced with
the probability of incurring a cash deficit for the current year,
he shall, in conjunction with the Township Administrator, reconsider
the work programs and allotments of the several departments. Upon
such reconsideration and with the approval of the Township Committee,
he may revise budget allotments so as to forestall, so far as possible,
the making of commitments and expenditures in excess of the revenues
to be realized during the fiscal year.
[Ord. #798]
