10-26 Cash Management Plan 2026 Detail.doc.pdf

6 All distribution of funds for expenditures of Township of West Orange funds shall be recorded on a Bill List presented to the Township Council at a public meeting for their approval. Once approved, the Chief Financial Officer will distribute the funds for the expenditures as specified on the Bill List. If the Chief Financial Officer determines that withholding distribution of funds for any properly authorized expenditure until the next Council Meeting would provide a threat to anyone’s health, welfare or safety and/or negatively impact the efficiency of Township operations, the Chief Financial may immediately distribute funds for the expenditure and record it as such on the next Bill List presented to the Township Council. Expenditures can be made by the Comptroller or his/her designee without approval of the Council for the following: • Debt Service Payments • Payments to the County of Essex • Payments to the West Orange Board of Education • Payments to the Joint Meeting of Essex and Union Counties • Annual Appropriation Payments for the Public Employee Retirement System and the Police and Fire Retirement System X. TERM OF PLAN. The Plan shall be in effect for the 2026 year. Attached to this Plan is a resolution of the governing body of the Township of West Orange approving this Plan for such period of time. The Plan may be amended from time to time. To the extent that any amendment is adopted by the Council, the Designated Official is directed to supply copies of the amendments to all of the parties who otherwise have received the copy of the originally approved Plan, which amendment shall be acknowledged in writing in the same manner as the original Plan was so acknowledged.