2026 AUTHORITY BUDGET RESOLUTION

2026 AUTHORITY BUDGET RESOLUTION 2026 AUTHORITY BUDGET RESOLUTION Wrightstown Municipal Utilities Authority FISCAL YEAR: January 01, 2026 to December 31, 2026 WHEREAS, the Annual Budget for Wrightstown Municipal Utilities Authority for the fiscal year beginning January 01, 2026 and ending December 31, 2026 has been presented before the governing body of the Wrightstown Municipal Utilities Authority at its open public meeting of October 15, 2025; and WHEREAS, the Annual Budget as introduced reflects Total Revenues of $1,040,600.00, Total Appropriations including any Accumulated Deficit, if any, of $1,055,784.00, and Total Unrestriced Net Position planned to be utilized as funding thereof, of $42,976.00; and WHEREAS, the Capital Budget as introduced reflects Total Capital Appropriations of $0.00 and Total Unrestricted Net Position planned to be utilized as funding thereof, of $0.00; and WHEREAS, the schedule of rents, fees and other charges in effect will produce sufficient revenues, together with all other anticipated revenues to satisfy all obligations to the holders of bonds of the Authority, to meet operating expenses, capital outlays, debt service requirements, and to provide for such reserves, all as may be required by law, regulation or terms of contracts and agreements; and WHEREAS, the Capital Budget/Program, pursuant to N.J.A.C. 5:31-2, does not confer any authorization to raise or expend funds; rather it is a document to be used as part of the said Authority's planning and management objectives. Specific authorization to expend funds for the purposes described in this section of the budget must be granted elsewhere; by bond resolution, by a project financing agreement, by resolution appropriating funds from the Renewal and Replacement Reserve or other means provided by law. NOW, THEREFORE BE IT RESOLVED, by the governing body of the Wrightstown Municipal Utilities Authority, at an open public meeting held on October 15, 2025 that the Annual Budget, including all related schedules, and the Capital Budget/Program of the) Wrightstown Municipal Utilities Authority for the fiscal year beginning January 01, 2026 and ending December 31, 2026, is hereby approved; and BE IT FURTHER RESOLVED, that the anticipated revenues as reflected in the Annual Budget are of sufficient amount to meet all proposed expenditures/expenses and all covenants, terms and provisions as stipulated in the said Authority's outstanding debt obligations, capital lease arrangements, service contracts, and other pledged agreements; and BE IT FURTHER RESOLVED, that the governing body of the Wrightstown Municipal Utilities Authority will consider the Annual Budget and Capital Budget/Program for Adoption on December 17, 2024. Publication Dates LSOM0386271 $