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A. The Assembly may from time to time authorize the expenditure of Borough moneys by appropriating ordinance. Except as specified in this section, no person shall obligate, encumber, or expend Borough moneys except in accordance with appropriations or as otherwise authorized by law.

B. Notwithstanding the provisions of subsection (A) of this section, the Chief Financial Officer of the Borough may expend moneys from the central treasury without prior appropriation for:

1. Investment of funds;

2. Establishment of ready cash fund;

3. Refunds of moneys erroneously paid to the Borough;

4. Payments to municipalities in the Borough or the state for their respective revenues collected by the Borough;

5. Payments of any obligations incurred when the provisions of FNSBC 7.12.050(C) apply.

C. Unless the Assembly provides otherwise by ordinance:

1. The Borough moneys necessary to pay the principal and interest then due, or to become due during a given fiscal year, on general obligation bonds, revenue bonds, bond anticipation notes, tax anticipation notes, and other similar obligations issued by the Borough are appropriated on July 1st of each fiscal year from the fund balance of the fund from which the said principal and interest would normally and routinely be paid.

2. As related to general obligation bonds or other similar obligations issued by the Borough, the Borough moneys necessary to make, or cause to be made, all computations, filings, and payments necessary to meet the requirements of the United States Internal Revenue Code, and to pay other costs, if any, to comply with other bond covenants, then due or to become due during a given fiscal year, are appropriated on July 1st of each fiscal year from funds available or to become available in the Debt Service Fund.

D. The Borough Chief Financial Officer, or the Superintendent of Schools or their designee, is authorized to accept monetary gifts, donations, and bequests made to the Borough or to the School District respectively, in a total value not exceeding $1,000 from any one donor in any one fiscal year. Gifts to the School District exceeding $1,000 shall be accepted by the School Board and reported to the Assembly. All other gifts must be accepted by the Mayor or their designee and shall be reported to the Assembly, except that gifts over $50,000 or gifts from a Borough contractor for use in the performance of a Borough contract must be accepted by the Assembly. Gifts accepted without designation as to use thereof shall be treated as miscellaneous revenue in the General Fund. To the extent consistent with law, any designated gifts accepted by the Mayor from a nongovernmental organization, individual, or estate are appropriated for the specific purpose designated by the donor. Notwithstanding the provisions of FNSBC 7.04.120(A), any appropriation made under this section shall be treated as a capital improvement and the lapsing provisions of FNSBC 7.04.120(B) will apply.

E. Revenue from sales of surplus library books and materials is hereby appropriated for the purchase of new library books and materials.

F. Revenue from the sale of abandoned vehicles and parts is appropriated to the abandoned vehicle removal program.

G. The Mayor, with the concurrence of the Chief Financial Officer, is authorized to accept a grant that is less than $10,000. These funds are hereby appropriated for the purpose indicated in the grant agreement. (Ord. 2019-43 § 2, 2019; Ord. 2019-09 § 2, 2019; Ord. 2013-84 § 2, 2013; Ord. 2010-42 § 2, 2010; Ord. 2001-71 § 9, 2001; Ord. 94-009 §§ 3, 4, 1994; Ord. 89-009 § 2, 1989; Ord. 86-017 § 32, 1986; Ord. 85-001 § 2, 1985. 2004 Code § 3.01.020.)