Document Text
--- Document: 26-132 Self Exam Resolution.pdf (143 KB) Document ---
BOROUGH OF RIVER EDGE
RESOLUTION #26-132
Self-Exam Resolution
WHEREAS, N.J.S.A. 40A:4-78b has authorized the Local Finance Board to adopt rules that permit
municipalities in sound fiscal condition to assume the responsibility, normally granted to the
Director of the Division of Local Government Services, of conducting the annual budget
examination, and
WHEREAS N.J.A.C. 5:30-7 was adopted by the Local Finance Board on February 11,
1997, and
WHEREAS, pursuant to N.J.A.C. 5:30-7.2 thru 7.5 the Borough of River Edge has been
declared eligible to participate in the program by the Division of Local Government Services, and
the Chief Financial Officer has determined that the Borough of River Edge meets the necessary
conditions to participate in the program for the 2026 budget year, so now therefore
BE IT RESOLVED, by the Borough Council of the Borough of River Edge that in
accordance with N.J.A.C. 5:30-7.6a & b and based upon the Chief Financial Officer's certification.
The governing body has found the budget has met the following requirements:
1. That with reference to the following items, the amounts have been calculated pursuant to law
and appropriated as such in the budget:
a. Payment of interest and debt redemption charges
b. Deferred charges and statutory expenditures
c. Cash deficit of preceding year
d. Reserve for uncollected taxes
e. Other reserves and non-disbursement items
f.
Any inclusions of amounts required for school purposes
2. That the provisions relating to limitation on increases of appropriations pursuant to N.J.S.A.
40A:4-45.2 and appropriations for exceptions to limits on appropriations found at 40A:4-45.3
et seq. are fully met (complies with the "CAP" law).
3. That the budget is in such form, arrangement, and content as required by the Local Budget Law
and N.J.A.C. 5:30-4 and 5:30-5.
4. That pursuant to the Local Budget Law:
a. All estimates of revenue are reasonable, accurate, and correctly stated.
b. Items of appropriation are properly set forth
c. In itemization, form, arrangement, and content the budget will permit the exercise of the
comptroller function within the municipality.
5. The budget and associated amendments have been introduced, publicly advertised, and in
accordance with the relevant provisions of the Local Budget Law, except that failure to meet
the deadlines of N.J.S.A. 40A:4-5 shall not prevent such certification.
6. That all other applicable statutory requirements have been fulfilled.
BE IT FURTHER RESOLVED, THAT A COPY OF THIS RESOLUTION BE FORWARDED
TO THE Director of the Division of Local Government Services.
April 23, 2026
Motion
Second
Yes
No
Abstain
Absent
Montisano-
Koen
Kinsella
Malellari
Glass
Dhariwal
Feffer
Mayor
Papaleo
I hereby certify that this resolution, consisting of 2 page(s), was adopted at a
meeting of the Mayor and Council of the Borough of River Edge, held on this
23rd day of April, 2026
__________________________________________
Anne Dodd, Borough Clerk