Fire Commissioners adopt a cash management plan for fund management.

PUBLIC NOTICE  BOARD OF FIRE COMMISSIONERS COMMERCIAL TWP  DISTRICT #1 PORT NORRIS, NEW JERSEY  Resolution #2026-5  CASH MANAGEMENT PLAN   WHEREAS: It is the desire of the Fire Commissioners to adopt a cash management plan to comply with the requirements of N.J.S.A. 40A:5-14 and to provide a guide to officials and employees in carrying out their duties concerning the receipt and disbursement of all funds of the fire district.  WHEREAS: The following requirements shall be adhered to:  Authorized Depositories  
	1. The fire district shall annually at its reorganization meeting designate the legal depositories, funds in certificates of deposit and other time deposits in banks by resolution in accordance with NJSA 40A 5-15.1, that must be covered by the Governmental Unit Depository Protection Act, NJSA 17:9-14 et seq. (GUDPA). The fire district is also authorized to invest its assets in the New Jersey Cash Management Fund. This resolution may be amended or supplemented from time to time, as the fire district deems necessary. Such resolution shall be deemed a part of the cash management plan

Authorized Signatures  
	2. The Fire district shall annually establish by resolution and adopted at its annual reorganizations meeting the required signatories to all bank accounts 

Cash Management  
	3. All monies received by any municipal official or employee shall be deposited within forty-eight (48) hours in accordance with NJSA 40A: 5-15. Municipal officials responsible for accepting and making deposits shall minimize the possibility of idle cash accumulating in accounts by assuring that all amounts in excess of negotiated compensating balances are kept in interest bearing accounts of legal depositories and are promptly swept in the investment portfolio. 

 The following funds shall not be required to be maintained in interest bearing accounts.  
	A. Petty Cash 
	B. Change Funds 
	C. Payroll Funds 
	D. Trust funds to the extent that the deposit of such funds to an interest bearing account would require by law the payment of interest to the provider of the funds 
	E. Checking accounts established for the express purpose of paying bills approved by the Fire Commissioners. The balances in these funds shall be kept at the minimum amount required for the orderly operation of the account 
	F. Compensating balances maintained for the purpose of obtaining specific services from financial institutions. Such accounts shall be established only under the terms of written agreements approved by the fire commissioners 

 
	No fire district funds shall be disbursed by and fire district official prior to the approval of the Fire Commissioners except for:  
	A. Debt service payments 
	B. Investments 
	C. Payroll turnovers to agencies 
	D. Discount Vouchers 

 
	Debt service payments and discount vouchers must be ratified after payment 

Monthly Reports  
	4. The treasurer will provide the Fire Commissioners with a monthly report that summarizes:  
	A. All investments made or redeemed over the past month 
	B. Each organization holding local unit funds 
	C. Summary of financial balances for revenues and appropriations 
	D. The amount of securities purchased or sold, class or type of securities purchased, book value, earned income, fees incurred, and market value of all investments as of the report date and; 
	E. Other information that the Fire Commissioners may request 

Liability  
	5. Provided that local unit funds are deposited or invested as designated or authorized by this cash management plan, the Treasurer is relived of any liability for any loss of moneys due to the insolvency or closing of any depository designated by, or for the decrease in value of any investment authorized by, the cash management plan. 

Audit  
	6. This plan, and all matters pertaining to the implementation of it, shall be subject to the Fire district's annual audit. 

NOW, THEREFORE, BE IT RESOLVED, that the above cash management plan be adopted by the Fire Commissioners of the Township of Commercial District #1 effective for the current calendar year. C. Rhubart Secretary BOFC District #1 Commercial Township   Cost $160.20 4/15/26 1T (11087083)