New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 30 - LOCAL FINANCE BOARD
Subchapter 7 - MUNICIPAL BUDGET LOCAL EXAMINATION AND APPROVAL
Section 5:30-7.2 - Definitions
Current through Register Vol. 56, No. 18, September 16, 2024
The following words and terms, as used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Annual budget" or "budget" means the annual budget of the municipality as described in the Local Budget Law.
"Comptroller function" means conduct of government accounting and transactions.
"Director" means the Director of the Division of Local Government Services.
"Division" means the Division of Local Government Services.
"Local Budget Law" means the provisions of 40A:4-1 et seq.
"Local examination" or "locally examine" means:
1. The procedure set forth in 40A:4-78(b) and this subchapter that permits municipal officials to examine and approve the annual budget pursuant to N.J.S.A. 40:4-76 through 4-79 in lieu of the Director; and
2. The annual budget has been adopted in accordance with all other provisions of law, including, but not limited to, the "Local Budget Law," (40A:4-1 et seq.) and the regulations of the Local Finance Board.
"Local examination certification" or "local examination certificate" means the form provided by the Director and executed by the governing body and chief financial officer certifying that the adopted budget has been locally examined.
"Reporting year pool" means the group of municipalities considered by the Director for local examination in a given year.
