Township Council Meeting — Packet

(1) Bonds or other obligations of the United States of America or obligations guaranteed by the United States of America; (2) Government money market mutual funds; (3) Any obligation that a federal agency or a federal instrumentality has issued in accordance with an act of Congress, which security has a maturity date not greater than 397 days from the date of purchase, provided that such obligation bears a fixed rate of interest not dependent on any index or other external factor; (4) Bonds or other obligations of the Local Unit or bonds or other obligations of school districts of which the Local Unit is a part or within which the school district is located; (5) Bonds or other obligations, having a maturity date not more than 397 days from the date of purchase, approved by the Division of Investment of the Department of the Treasury for investment by Local Units; (6) Local government investment pools; (7) Deposits with the State of New Jersey Cash Management Fund established pursuant to section 1 of P.L. 1977, c.281 (C.52:18A-90.4); or (8) Agreements for the repurchase of fully collateralized securities if. (a) the underlying securities are permitted investments pursuant to paragraphs (1) and (3) of this subsection a; (b) the custody of collateral is transferred to a third party; (c) the maturity of the agreement is not more than 30 days; (d) the underlying securities are purchased through a public depository as defined in section 1 of P.L. 1970, c.236 (C.17:19-41); and (e) a master repurchase agreement providing for the custody and security of collateral is executed. For purposes of the above language, the terms “government money market mutual fund” and “local government investment pool” shall have the following definitions: Government Money Market Mutual Fund. An investment company or investment trust: (a) which is registered with the Securities and Exchange Commission under the “Investment Company Act of 1940,” 15 U.S.C. sec. 80a-1 et seq., and operated in accordance with 17 C.F.R. sec 270.2a-7. 3

(b) the portfolio of which is limited to U.S. Government securities that meet the definition of any eligible security pursuant to 17 C.F.R. sec. 270.2a-7 and repurchase agreements that are collateralized by such U.S. Government securities; and (c) which has: (I) attained the highest ranking or the highest letter and numerical rating of a nationally recognized statistical rating organization; or (II) retained an investment advisor registered or exempt from registration with the Securities and Exchange Commission pursuant to the “Investment Advisors Act of 1940” 15 U.S.C. sec. 80b-1 et seq., with experience investing in U.S. Government securities for at least the most recent past 60 months and with assets under management in excess of $500 million. Local Government Investment Pool. An investment pool: (a) which is managed in accordance with 17 C.F.R. sec. 270.2a-7; (b) which is rated in the highest category by a nationally recognized statistical rating organization; (c) which is limited to U.S. Government securities that meet the definition of an eligible security pursuant to 17 C.F.R. sec. 270.2a-7, and repurchase agreements that are collateralized by such U.S. Government securities: (d) which is in compliance with rules adopted pursuant to the “Administrative Procedure Act,” P.L. 1968, c410 (c.52:14B-1 et seq.) by the Local Finance Board of the Division of Local Government Services in the Department of Community Affairs, which rules shall provide for disclosure and reporting requirements and other provisions deemed necessary by the board to provide for the safety, liquidity and yield of the investments; (e) which does not permit investments in instruments that: are subject to high price volatility with changing market conditions; cannot reasonably be expected at the time of interest rate adjustment, to have a market value that approximates their par value; or utilize an index that does not support a stable net asset value; and (f) which purchases and redeems investments directly from the issuer, government money market mutual fund, or the State of New Jersey Cash Management fund, or through the use of a national or State bank located within this State, or through a broker-dealer which, at the time of purchase or redemption, has been registered continuously for a period of at least two years pursuant to section 9 of P.L. 1967 c.9 (C.49:3-56)

s State, or through a broker-dealer which, at the time of purchase or redemption, has been registered continuously for a period of at least two years pursuant to section 9 of P.L. 1967 c.9 (C.49:3-56) and has at least $25 million in capital stock (or equivalent capitalization if not 4

a corporation), surplus reserves for contingencies and undivided profits, or through a securities dealer who makes primary markets in U.S. Government securities and reports daily to the Federal Reserve Bank of New York its position in and borrowing on such U.S. Government Securities. VII. SAFEKEEPING CUSTODY PAYMENT AND ACKNOWLEDGEMENT OF RECEIPT OF PLAN. To the extent that any Deposit or Permitted Investment involves a document or security which is not physically held by the Township of West Orange, then such instrument or security shall be covered by a custodial agreement with an independent third party, which shall be a bank or financial institution in the State of New Jersey. Such institution shall provide for the designation of such investments in the name of the Township of West Orange to assure that there is no unauthorized use of the funds or the Permitted Investments or Deposits. Purchase of any Permitted Investments that involve Securities shall be executed by a “delivery versus payment” method to ensure that such Permitted Investments are either received by the Township of West Orange or by a third party custodian prior to or upon the release of the Township of West Orange’s funds. To assure that all parties with whom the Township of West Orange deals either by way of Deposits or Permitted Investments are aware of the authority and the limits set forth in this Plan, all such parties shall be supplied with a copy of this Plan in writing and all such parties shall acknowledge the receipt of that Plan in writing, a copy of which shall be on file with the Designated Official (s). VIII. REPORTING REQUIREMENTS. Each month during which this Plan is in effect, the Designated Official (s) referred to in Section III hereof shall supply to the governing body of The Township of West Orange a written report of any Deposits or Permitted Investments made pursuant to this Plan, which shall include, at a minimum, the following information: IX. A. The name of any institution holding funds of the Township of West Orange as a Deposit or a Permitted Investment. B. The amount of securities or Deposits purchased or sold during the immediately preceding month. C. The class or type of securities purchased or Deposits made. D. The book value of such Deposits or Permitted Investments. E. The earned income on such Deposits or Permitted Investments. To

th. C. The class or type of securities purchased or Deposits made. D. The book value of such Deposits or Permitted Investments. E. The earned income on such Deposits or Permitted Investments. To the extent that such amounts are actually earned at maturity, this report shall provide an accrual of such earnings during the immediately preceding month. F. The fees incurred to undertake such Deposits or Permitted Investments. G. The market value of all Deposits or Permitted Investments as of the end of the immediately preceding month. H. All other information which may be deemed reasonable from time to time by the governing body of the Township of West Orange. EXPENDTURES OF DEPOSIT 5

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: • • • • • X. 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 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. 6

11-26 January 6, 2026 RESOLUTION FOR THE TOWNSHIP OF WEST ORANGE, COUNTY OF ESSEX, STATE OF NEW JERSEY, ADOPTING TEMPORARY BUDGET APPROPRIATIONS PURSUANT TO N.J.S.A. 40A:4-19 FOR THE 2026 YEAR WHEREAS, it will be necessary to award contracts, incur commitments, and make payments during calendar year 2026 prior to the adoption of the municipal budget for calendar year 2026; and WHEREAS, N.J.S.A. 40A:4-19 provides the authorization to make temporary appropriations prior to the adoption of the municipal budget, the total of which may not exceed 35.00% of the previous year’s total budget, excluding debt service, capital improvements, deferred charges, public and private programs offset by revenues, and public assistance; and WHEREAS, the total amount of the 2025 Township Current Fund budget, exclusive of any appropriations for debt redemption, capital improvements, deferred charges, Reserve for Uncollected Taxes, public and private programs offset by revenues, and public assistance is the sum of $87,586,649.01; and WHEREAS, the total amount of the 2025 Township Pool Operating Fund budget, exclusive of any appropriations for debt redemption and deferred charges is the sum of $368,801.00; and WHEREAS, 35.00% of the total appropriations in the 2025 Current Fund budget, exclusive of any appropriations for debt redemption, capital improvements, deferred charges, Reserve for Uncollected Taxes, public and private programs offset by revenues, and public assistance is the sum of $30,655,326.80; and WHEREAS, 35.00% of the total appropriations in the 2025 Pool Operating Fund budget, exclusive of any appropriations for debt redemption and deferred charges is the sum of $129,080.00 WHEREAS, the maximum total appropriations for the 2026 Temporary Current Fund and Pool Operating Budgets are $45,937,464.23 and $130,301.53 respectively. NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Township of West Orange, that the following appropriations, make up the 2026 temporary budgets. #14134969.1

Karen J. Carnevale, R.M.C. Municipal Clerk Adopted: January 6, 2026 #14134969.1 Council President

2025 TEMPORARY BUDGET DETAIL Account Account Name Budget Temporary Budget Amount CURRENT FUND 01-2010-00-1001 01-2010-00-1002 01-2010-00-1201 01-2010-00-1203 01-2010-00-1402 01-2010-00-1501 01-2010-00-1502 01-2010-00-1701 01-2010-00-1702 01-2010-00-1902 01-2010-00-1912 01-2010-00-1922 01-2010-00-1932 01-2010-00-1941 01-2010-00-1942 01-2010-00-1952 01-2010-00-2001 01-2010-00-2002 01-2010-00-2201 01-2010-00-2202 01-2010-00-2301 01-2010-00-2302 01-2010-00-2303 01-2010-00-2304 01-2010-00-2305 01-2010-00-2306 01-2010-00-2307 01-2010-00-2308 01-2010-00-2309 01-2010-00-2532 01-2010-00-2533 01-2010-00-2534 01-2010-00-2535 01-2010-00-2801 MAYOR S&W MAYOR O/E TOWN COUNCIL S&W TOWN COUNCIL O/E TOWNSHIP LITIGATION O/E TOWNSHIP CLERK S&W TOWNSHIP CLERK O/E LEGAL SERVICES S&W LEGAL SERVICES O/E PLANNING BOARD O/E BOARD OF ADJUSTMENT O/E SUPPORT FOR BOARDS & COMMISSION WASTE MANAGEM O/E MUNICIPAL COURT S&W MUNICIPAL COURT O/E PUBLIC DEFENDER OE BUSINESS ADMI S&W BUSINESS ADMI O/E PURCHASING S&W PURCHASING O/E INFORMATION TECHNOLOGY S&W CENTRAL COPY/PRINT O/E TELEPHONE COMMUNICATIONS O/E CENTRAL MAILING O/E CENTRAL INFORMATION TECHNOLOGY O/E CENTRAL IT ONLINE SERVICES O/E CENTRAL IT PD SERVICES O/E CENTRAL IT FD SERVICES O/E CENTRAL IT NON UNIFORM SERVICES O/E CENTRAL INSURANCE - HEALTH CENTRAL INS - UNEMPLOYMENT CENTRAL INSURANCE- LIABILITY CENTRAL INS - WORK-COMP COLLECTORS OF S&W 77,011.00 1,230.76 59,313.25 45,830.00 621,048.96 259,425.71 38,142.13 77,365.00 82,061.51 11,429.34 4,827.08 69,796.96 431,509.57 29,028.72 17,750.00 305,038.75 143,231.00 197,062.00 3,275.00 324,253.20 5,700.00 299,500.00 83,550.38 101,624.00 74,011.00 353,485.55 13,500.00 60,596.44 17,008,362.52 85,000.00 1,311,439.50 312,000.00 301,122.00 26,953.85 430.77 20,759.64 16,040.50 217,367.14 90,799.00 13,349.75 27,077.75 28,721.53 4,000.27 1,689.48 24,428.94 151,028.35 10,160.05 6,212.50 106,763.56 50,130.85 68,971.70 1,146.25 113,488.62 1,995.00 104,825.00 29,242.63 35,568.40 25,903.85 123,719.94 4,725.00 21,208.75 5,952,926.88 29,750.00 459,003.83 109,200.00 105,392.70

Account 01-2010-00-2802 01-2010-00-2951 01-2010-00-2952 01-2010-00-2953 01-2010-00-3001 01-2010-00-3002 01-2010-00-3101 01-2010-00-3102 01-2010-00-4001 01-2010-00-4002 01-2010-00-5001 01-2010-00-5003 01-2010-00-6001 01-2010-00-6002 01-2010-00-6101 01-2010-00-6102 01-2010-00-6202 01-2010-00-7001 01-2010-00-7002 01-2010-00-7101 01-2010-00-7202 01-2010-00-7401 01-2010-00-7502 01-2010-00-7503 01-2010-00-7504 01-2010-00-7505 01-2010-00-7506 01-2010-00-7802 01-2010-00-7803 01-2010-00-7902 01-2010-00-8051 01-2010-00-8052 01-2010-00-8101 01-2010-00-8102 01-2010-00-8401 01-2010-00-8402 01-2010-00-8601 01-2010-00-8602 01-2010-00-8761 01-2010-00-8762 01-2010-00-8902 01-2010-00-9002 01-2010-00-9101 01-2010-00-9102 01-2010-00-9302 Account Name COLLECTORS OF O/E COMPTROLLER S&W COMPTROLLER O/E TREASURER O/E PLANNING & DEV S&W PLANNING & DE O/E HOUSING CODE S&W HOUSING CODE O/E TAX ASSESSOR S&W TAX ASSESSOR O/E POLICE S&W POLICE O/E FIRE S&W FIRE O/E UNIFORM FIRE SAFETY S&W UNIFORM FIRE SAFETY O/E EMERGENCY MGT O/E ENGINEERING S&W ENGINEERING O/E BUILDING & PROPERTY O/E SHADE TREE O/E PUBLIC WORKS S&W STREET SALT & CHLORIDE O/E STREET CLEANING AND DRAINAGE O STREET REPAIR O/E STREET SERVICE & TRAFFIC O/E PARKING FAC MAINT & REPAIR O/E SANITATION O/E SEWER & PUMP STATIONS O/E CENTRAL AUTOMOTIVE O/E GENERAL HEALTH SERVICES S&W GENERAL HEALTH SERVICES O/E SENIOR BUSING S&W SEN CITIZEN TRANS O/E ANIMAL CONTROL S&W ANIMAL CONTROL O/E SEN CITIZEN HEALTH CTR S&W SEN CITIZEN HEALTH CTR O/E RETIRED CITIZENS PROGRAM S&W RETIRED CITIZENS PROGRAM O/E GARBAGE-TRASH DISPOSAL FEE COMMUNITY SERVICES O/E PARKS & PLAYGROUNDS S&W PARKS & PLAYGROUNDS O/E CELEBRATION OF PUBLIC EVENTS Budget 75,401.64 443,287.00 372,800.00 1,749.00 328,280.00 6,484.07 328,280.00 2,046.76 294,387.60 113.75 14,711,699.14 171,750.83 12,084,224.47 110,669.27 28,250.00 38,084.63 1.00 467,437.00 51,660.71 968,387.63 313,881.10 3,019,385.70 835,220.07 64,106.73 46,708.43 16,500.00 2,854.84 6,455.54 63,400.00 595,745.62 713,492.90 31,184.63 582,922.00 2,600.00 139,112.00 2,184.83 230,727.70 34,015.31 241,694.00 26,970.50 5,308,953.47 97,550.00 763,450.70 140,314.86 61,102.51 Temporary