253-22 Resolution (3 percent) for Phase IA of Flood Mitigation Project - JMEUC 2022.pdf

#13390882.1 WHEREAS, the emergency appropriation shall be provided in full as a deferred charge in the succeeding year’s budget of the Local Unit, except to the extent that provision for paying, funding or refunding the emergency appropriation or the financing of the expenditures pursuant thereto shall previously have been made by the authorization of bonds pursuant to N.J.S.A. 40A:2-3; and WHEREAS, the Local Unit will finance the emergency appropriation via the adoption of a bond ordinance prior to the adoption of the Local Unit’s 2023 municipal budget; and WHEREAS, the emergency appropriation is being made to meet a pressing need for public expenditure to protect or promote the public health, safety, morals or welfare of the residents of the Local Unit and is necessary for the protection and efficient operation of the Joint Meeting’s wastewater system; and WHEREAS, the total amount of the Local Unit’s emergency appropriations created in calendar year 2022, including the appropriation to be created by this resolution, is $2,520,361 and three percent (3%) of the total current and utility operating appropriations in the budget of the Local Unit for the year ending December 31, 2022 is $2,657,391.52; and WHEREAS, the foregoing emergency appropriation together with prior emergency appropriations of the Local Unit does not exceed three percent (3%) of the total current and utility operating appropriations in the budget adopted of the Local Unit for the year ending December 31, 2022. NOW, THEREFORE, BE IT RESOLVED by the governing body of the Local Unit (by not less than 2/3 of all governing body members affirmatively concurring) in accordance with N.J.S.A. 40A:4-48, AS FOLLOWS: Section 1. The above recitals are incorporated herein as though fully set forth at length. Section 2. The Local Unit hereby declares that an emergency exists requiring a supplementary appropriation Section 3. An emergency appropriation in the amount of $2,520,361 is hereby authorized and made for the purpose of appropriating the Local Unit’s allocable share of the unfunded portion of Phase 1 of the Project, which was not a known or foreseen amount at the time of the adoption of the calendar year 2022 fiscal budget and, thus, an adequate provision for such cost was not made in said budget. The emergency appropriation is being made to meet a pressing need for public expenditure to protect

year 2022 fiscal budget and, thus, an adequate provision for such cost was not made in said budget. The emergency appropriation is being made to meet a pressing need for public expenditure to protect or promote the public health, safety, morals or welfare of residents of the Local Unit and is necessary for the protection and efficient operation of the Joint Meeting’s wastewater system. Due to the fact that no adequate provision was made in the budget for the year ended December 31, 2022 for the aforesaid purpose, N.J.S.A. 40A:4-46 provides for the creation of an emergency appropriation for the above referenced purpose.