RESOLUTION #2007-005

PERMITTING PRE-PAYMENT OF CERTAIN ITEMS

WHEREAS the Borough of Harvey Cedars has budgeted funds for 2007 for payment of utilities, payroll, debt service, governmental fees, insurances, and mailing costs of the Borough; and

WHEREAS the payment of these items frequently arrives out of time for placement on the next available bill list and thereby inadvertently placing these bills in arrears.

NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Borough of Harvey Cedars that the Chief Financial Officer is hereby authorized to make pre-payments of the following fixed items prior to the same appearing on the meeting bill lists; such funds to be taken from the pre-budgeted amount for each such expenses for 2007:

1. Utilities (electric, gas and telephone).

2. Payroll.

3. Debt services as evidenced by pre-existing notes.

4. Health, dental, flood and other insurance premiums.

5. Federal, state, county, school fees and taxes.

6. Postage for tax bills, newsletters and other Borough mailings.

PASSED ON:  January 5, 2007