Asbury Park
NJ

Ordinance
2017-10

Ordinance to Exceed the Municipal Budget Appropriation Limits and to Establish a CAP Bank (N.J.S.A. 40A:4-45.14)

Information

Department:City ClerkSponsors:
Category:Budget

Attachments

  1. Printout

Body

WHEREAS, the Local Government Cap Law, N.J.S.A. 40A:4-45.1 et seq., provides that in the preparation of its annual budget, a municipality shall limit any increase in said budget up to .5% unless authorized by ordinance to increase it to 3.5% over the previous year’s final appropriations, subject to certain exceptions; and

 

WHEREAS, N.J.S.A. 40A:4-45.15a provides that a municipality may, when authorized by ordinance, appropriate the difference between the amount of its actual final appropriations and the 3.5% percentage rate as an exception to its final appropriations in either of the next two succeeding years; and

 

WHEREAS, the City Council of the City of Asbury Park in the County of Monmouth finds it advisable and necessary to increase its CY 2017 by up to 3.5% over the previous year’s final appropriations, in the interest of promoting the health, safety and welfare of the citizens; and

 

WHEREAS, the City Council  hereby determines that a 3.5% increase in the budget for said year, amount to $1,313,716.04 In excess of the increase in final appropriations otherwise permitted by the Local Government Cap Law, is advisable and necessary; and

 

WHEREAS, City Council hereby determines that any amount authorized hereinabove that is not appropriated as part of the final budget shall be retained as an exception to final appropriation in either of the next two succeeding years.

 

NOW THEREFORE BE IT ORDAINED, by the City Council of the City of Asbury Park, in the County of Monmouth, a majority of the full authorized membership of this governing body affirmatively concurring, that, in the CY 2017 budget year, the final appropriations of the City of Asbury Park shall, in accordance with this ordinance and N.J.S.A. 40A: 4-45.14, be increased by 3.5%, amounting to $1,313,716.04  And the CY 2017 municipal budget for the City of Asbury Park be approved and adopted in accordance with the ordinance; and

 

BE IF FURTHER ORDAINED, that any amount authorized hereinabove that is not appropriated as part of the final budget shall be retained as an exception to final appropriation in either of the next two succeeding years; and

 

BE IT FURTHER ORDAINED, that a certified copy of this ordinance as introduced be filed with the Director of the Division of Local Government Services within 5 days of introduction; and

 

BE IT FURTHER ORDAINED, that a certified copy of this ordinance upon adoption, with the recorded vote included thereon, be filed with said Director within 5 days after such adoption.

 

Meeting History

Mar 8, 2017 7:00 PM  Municipal Council Regular Meeting

Public hearing scheduled for April 12, 2017.

RESULT:INTRODUCED [UNANIMOUS]Next: 4/12/2017 7:00 PM
MOVER:Eileen Chapman, Councilmember
SECONDER:John Moor, Mayor
AYES:Eileen Chapman, Yvonne Clayton, Jesse Kendle, Amy Quinn, John Moor
Apr 12, 2017 7:00 PM  Municipal Council Regular Meeting

Motion made by Deputy Mayor Quinn and seconded by Council Member Kendle to open Ordinance 2017-10 to th public. All were in favor.

The following members of the public spoke: Rita Marano

Motion made by Mayor Moor and seconded by Deputy Mayor Quinn to close Ordinance 2017-10 to th public. All were in favor.

RESULT:ADOPTED [UNANIMOUS]
MOVER:Amy Quinn, Deputy Mayor
SECONDER:Jesse Kendle, Councilmember
AYES:Jesse Kendle, Amy Quinn, John Moor
ABSENT:Eileen Chapman, Yvonne Clayton