[{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":2,"line":46,"text":"looking into in the wintertime. There are grants available through the DOT and the Federal Government. Not as easy as we hoped. We submitted a grant application in the Fall of 2014 and we did not receive funding. There will be another round of grants in the fall of 2015 for the 2016 grant year and we will try again.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":2,"line":48,"text":"the Fall of 2014 and we did not receive funding. There will be another round of grants in the fall of 2015 for the 2016 grant year and we will try again.  Mr. Thulen: Outdoor dining \u2013 we are wrapping that up. In talking to the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":3,"line":18,"text":"Ms. DePaola: Happy to report that the Borough of Point Pleasant was able to get an additional $71,366.00 back from the municipal excess liability insurance fund. With the attorneys at Bathgate and at Merlin they were able to negotiate a settlement due to superstorm sandy. They were willing to do it at no cost to the borough. They","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":4,"line":16,"text":"gone through is Pocahontas Avenue. First thing we did was we set aside money in the budget to fund this project. Second, we did an overall drainage and pipe analysis to include a survey and preliminary assessments. Third, we did a preliminary rear yard drainage system design and discussed with property owners","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":5,"line":6,"text":"the health and well-being of our residents very seriously. We are fixing problems decades old in a matter of months. We also have a new purchase manual that we have issued to ensure the purchase orders are issued in a professional manner. Also, we are doing a construction oversight. Commercially acceptable commercial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":5,"line":7,"text":"decades old in a matter of months. We also have a new purchase manual that we have issued to ensure the purchase orders are issued in a professional manner. Also, we are doing a construction oversight. Commercially acceptable commercial projects in this town is not allowed. I was on a phone call with the FEMA director","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":7,"line":59,"text":" Borough, as a conditional use, is appropriate and a long term best interest of the Borough, its  taxpayers and the business community.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":8,"line":9,"text":" SECTION 2. Any outside dining will be permitted only after submitting an appropriate  application package to the Borough Clerk. The application will include but not be limited to the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":8,"line":50,"text":" appropriate Certificate of Insurance thereby holding harmless the Borough, as the loss insured, for  any damages sustained. The minimum insurance must be $500,000.00 per occurrence.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":8,"line":52,"text":" any damages sustained. The minimum insurance must be $500,000.00 per occurrence.  SECTION 9. The business must adhere to all State laws including laws and regulations","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":2,"text":"3.     Providing for Various Capital Improvements for the Borough of Point Pleasant and Appropriating $1,567,375.00 and Providing for the Issuance of $1,489,004.00 in General Improvement Bonds or Notes to Finance Same ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":10,"text":"FOR VARIOUS CAPITAL IMPROVEMENTS IN AND FOR THE BOROUGH OF POINT PLEASANT AND APPROPRIATING $1,567,375.00 THEREFORE, AND PROVIDING FOR THE ISSUANCE OF $1,489,004.00 IN GENERAL IMPROVEMENT","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":29,"text":" Improvements, there is hereby appropriated the sum of $1,567,375.00, including the sum of  $78,371.00 as the down payment (the \u201cDown Payment\u201d) required by the Local Bond Law of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":31,"text":" $78,371.00 as the down payment (the \u201cDown Payment\u201d) required by the Local Bond Law of the  State of New Jersey, constituting Chapter 2 of Title 40A of the New Jersey Statutes, as amended","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":35,"text":" and supplemented (the \u201cLocal Bond Law\u201d). The Down Payment has been made available by virtue  of provision in one or more previously adopted budgets for down payments for capital","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":37,"text":" of provision in one or more previously adopted budgets for down payments for capital  improvement purposes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":43,"text":" application of the down payment or otherwise provided hereunder, negotiable bonds are hereby  authorized to be issued in the principal amount of $1,489,004.00 pursuant to the Local Bond Law","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":10,"line":59,"text":" appropriation therefore, the estimated maximum amount of bonds or notes to be issued for each  Improvement and the period of usefulness of each improvement are as follows:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":1,"text":"Appropriation and        Estimated Maximum          Average Period Purpose                             Estimated Cost           Amount of Bonds or Notes   of Usefulness ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":12,"text":"Pagers, Radios, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":21,"text":"Generator (Borough Share)including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.  $68,505.00              $65,079.00                  10 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":25,"text":" (iii) Purchase Articulated Wheel Loader, including all related costs and expenditures incidental thereto and further including all","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":26,"text":"(iii) Purchase Articulated Wheel Loader, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":33,"text":"(i)Fence Installation, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.     $27,500.00           $26,125.00                  10 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":38,"text":"(ii) Roof Engineering Cost, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":44,"text":"(iii) Replace Heat Pumps at Borough, Purchase Bleachers (current ones not in compliance), including all related costs and expenditures incidental thereto and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":46,"text":"compliance), including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.    $27,500.00            $26,124.00                  20 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":53,"text":"Center, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.    $106,600.00           $101,270.00                 30 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":58,"text":"Furniture Purchase Holiday Banners, including all related costs and expenditures incidental thereto and further including all work and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":59,"text":"Purchase Holiday Banners, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":67,"text":"materials, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.    $20,000.00            $19,000.00                  20 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":73,"text":"and Partridge Run, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.    $100,000.00           $95,000.00                  30 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":11,"line":79,"text":"and Oriole Way, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto.               $440,000.00          $418,000.00                 30 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":2,"text":"(iii) Storm water Improvement Projects, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":11,"text":"Equipment Upgrades, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefore and incidental thereto. $294,000.00        $279,300.00                   5 years","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":18,"text":"Vehicles Purchase Rack Body Truck, 2015 Full Size 4X4 Pickup Truck, including all Related costs and expenditures incidental","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":20,"text":"Size 4X4 Pickup Truck, including all Related costs and expenditures incidental Thereto and further including all work and Materials necessary therefore and incidental","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":32,"text":" initial appropriation made by the Borough.  Section 4.        All Bond Anticipation Notes issued hereunder shall mature at such times as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":36,"text":" may be determined by the Chief Financial Officer; provided that no note shall mature later than  one year from its date. The Notes shall bear interest at such rate or rates and be in such form as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":38,"text":" one year from its date. The Notes shall bear interest at such rate or rates and be in such form as  may be determined by the municipal finance officer of the Borough (the \u201cChief Financial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":40,"text":" may be determined by the municipal finance officer of the Borough (the \u201cChief Financial  Officer\u201d). The Chief Financial Officer shall determine all matters in connection with the Notes","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":42,"text":" Officer\u201d). The Chief Financial Officer shall determine all matters in connection with the Notes  issued pursuant to this bond ordinance, and the Chief Financial Officer\u2019s signature upon the notes","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":44,"text":" issued pursuant to this bond ordinance, and the Chief Financial Officer\u2019s signature upon the notes  shall be conclusive evidence as to all such determinations. All Notes issued hereunder may be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":48,"text":" renewed from time to time subject to the provisions of N.J.S.A. 40A:2-8(a). The Chief Financial  Officer is hereby authorized to sell part or all of the Notes from time to time, at not less than par","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":52,"text":" and accrued interest, at public or private sale and to deliver them to the purchasers thereof upon  receipt of payment of the purchase price plus accrued interest from their dates to the date of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":54,"text":" receipt of payment of the purchase price plus accrued interest from their dates to the date of  delivery thereof. The Chief Financial Officer is directed to report in writing to the governing body","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":56,"text":" delivery thereof. The Chief Financial Officer is directed to report in writing to the governing body  at the meeting next succeeding the date when any sale or delivery of the Notes pursuant to this","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":60,"text":" Bond Ordinance is made. Such report must include the amount, the description, the interest rate  and the maturity schedule of the notes sold, the price obtained and the name of the purchaser.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":62,"text":" and the maturity schedule of the notes sold, the price obtained and the name of the purchaser.  Section 5.        The capital budget or temporary capital budget (as applicable) of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":12,"line":64,"text":" Section 5.        The capital budget or temporary capital budget (as applicable) of the  Borough is hereby amended to conform with the provisions of this bond ordinance to the extent of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":1,"text":"budget amended temporary capital budget (as applicable) and capital program as approved by the  Director of the Division of Local Government Services is on file with the Borough Clerk and is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":17,"text":" assessed on property specially benefited thereby.  (b)     The average period of usefulness of the Improvements or purposes, within the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":27,"text":" (c)     The Supplemental Debt Statement required by the Local Bond Law has been duly  prepared and filed in the office of the Borough Clerk, and a complete executed duplicate thereof","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":35,"text":" gross debt of the Borough as defined in the Local Bond Law is increased by the authorization of  the bonds and notes provided in this Bond Ordinance by $1,489,004.00 and the obligations","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":39,"text":" authorized herein will be within all debt limitations prescribed by that Law.  (d)     An aggregate amount not exceeding $12,100.00 for items of expense listed in and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":47,"text":" Section 7.      Any grant moneys received for the purposes described in Section 3 hereof  shall be applied either to direct payment of the cost of the improvement or to payment of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":49,"text":" shall be applied either to direct payment of the cost of the improvement or to payment of the  obligations issued pursuant to this Bond Ordinance. The amount of obligations authorized","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":57,"text":" payment of the principal of and the interest on the obligations authorized by this bond ordinance.  The obligations shall be direct, unlimited obligations of the Borough, and the Borough shall be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":61,"text":" obligated to levy ad valorem taxes upon all the taxable real property within the Borough for the  payment of the obligations and the interest thereon without limitation of rate or amount.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":13,"line":63,"text":" payment of the obligations and the interest thereon without limitation of rate or amount.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":14,"line":3,"text":" Treasury Regulation Section 1.150-2. The Borough reasonably expects to pay expenditures with  respect to the Improvement prior to the date that Borough incurs debt obligations under this Bond","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":14,"line":5,"text":" respect to the Improvement prior to the date that Borough incurs debt obligations under this Bond  Ordinance. The Borough reasonably expects to reimburse such expenditures with the proceeds of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":14,"line":7,"text":" Ordinance. The Borough reasonably expects to reimburse such expenditures with the proceeds of  debt to be incurred by the Borough under this Bond Ordinance. The maximum principal amount","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":14,"line":9,"text":" debt to be incurred by the Borough under this Bond Ordinance. The maximum principal amount  of debt expected to be issued for payment of the cost of the Improvement is $1,489,004.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":14,"line":11,"text":" of debt expected to be issued for payment of the cost of the Improvement is $1,489,004.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":15,"line":44,"text":"4.     Providing for Various Water and Sewer Improvements for the Borough of Point Pleasant and Appropriating $589,500.00 and Providing for the Issuance of $560,025.00 in General Improvement Bonds or Notes to Finance Same ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":15,"line":53,"text":"AND FOR THE BOROUGH OF POINT PLEASANT AND APPROPRIATING    $589,500.00 THEREFORE,    AND PROVIDING FOR THE ISSUANCE OF $560,025.00 IN GENERAL IMPROVEMENT BONDS OR NOTES OF THE","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":3,"text":" For the Improvements, there is hereby appropriated the sum of $589,500.00, including the sum of  $29,475.00 as the down payment (the \u201cDown Payment\u201d) required by the Local Bond Law of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":5,"text":" $29,475.00 as the down payment (the \u201cDown Payment\u201d) required by the Local Bond Law of the  State of New Jersey, constituting Chapter 2 of Title 40A of the New Jersey Statutes, as amended","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":9,"text":" and supplemented (the \u201cLocal Bond Law\u201d). The Down Payment has been made available by virtue  of provision in one or more previously adopted budgets for down payments for capital","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":11,"text":" of provision in one or more previously adopted budgets for down payments for capital  improvement purposes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":17,"text":" application of the down payment or otherwise provided hereunder, negotiable bonds are hereby  authorized to be issued in the principal amount of $560,025.00 pursuant to the Local Bond Law","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":33,"text":" appropriation therefore, the estimated maximum amount of bonds or notes to be issued for each  Improvement and the period of usefulness of each improvement are as follows:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":37,"text":" Appropriation and   Estimated Maximum            Average Period Purpose                             Estimated Cost      Amount of Bonds or Notes     of Usefulness ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":41,"text":"Equipment (i) Purchase Radio-Read Meters, Purchase Gas Detector, including all related costs and expenditures","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":42,"text":"(i) Purchase Radio-Read Meters, Purchase Gas Detector, including all related costs and expenditures incidental thereto and further","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":43,"text":"Purchase Gas Detector, including all related costs and expenditures incidental thereto and further including all work and materials","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":49,"text":" (ii)Purchase Fire Hydrants, including all related costs and expenditures incidental thereto and further including","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":50,"text":"(ii)Purchase Fire Hydrants, including all related costs and expenditures incidental thereto and further including all work and materials necessary","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":57,"text":"(i) Refurbish Jetting System, including all related costs and expenditures incidental thereto and further including all work and materials necessary","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":16,"line":64,"text":"Collection Materials, including all related costs and expenditures incidental thereto and further including all work and material necessary","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":2,"text":"Vehicles (i) Purchase One Heavy Duty Ford F-150 Pickup Truck, including all related costs and expenditures","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":4,"text":"F-150 Pickup Truck, including all related costs and expenditures incidental thereto and further including all work and materials necessary","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":15,"text":" appropriation made by the Borough.  Section 4.        All Bond Anticipation Notes issued hereunder shall mature at such times as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":19,"text":" may be determined by the Chief Financial Officer; provided that no note shall mature later than  one year from its date. The Notes shall bear interest at such rate or rates and be in such form as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":21,"text":" one year from its date. The Notes shall bear interest at such rate or rates and be in such form as  may be determined by the municipal finance officer of the Borough (the \u201cChief Financial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":23,"text":" may be determined by the municipal finance officer of the Borough (the \u201cChief Financial  Officer\u201d). The Chief Financial Officer shall determine all matters in connection with the Notes","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":25,"text":" Officer\u201d). The Chief Financial Officer shall determine all matters in connection with the Notes  issued pursuant to this bond ordinance, and the Chief Financial Officer\u2019s signature upon the notes","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":27,"text":" issued pursuant to this bond ordinance, and the Chief Financial Officer\u2019s signature upon the notes  shall be conclusive evidence as to all such determinations. All Notes issued hereunder may be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":31,"text":" renewed from time to time subject to the provisions of N.J.S.A. 40A:2-8(a). The Chief Financial  Officer is hereby authorized to sell part or all of the Notes from time to time, at not less than par","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":35,"text":" and accrued interest, at public or private sale and to deliver them to the purchasers thereof upon  receipt of payment of the purchase price plus accrued interest from their dates to the date of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":37,"text":" receipt of payment of the purchase price plus accrued interest from their dates to the date of  delivery thereof. The Chief Financial Officer is directed to report in writing to the governing body","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":39,"text":" delivery thereof. The Chief Financial Officer is directed to report in writing to the governing body  at the meeting next succeeding the date when any sale or delivery of the Notes pursuant to this","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":43,"text":" Bond Ordinance is made. Such report must include the amount, the description, the interest rate  and the maturity schedule of the notes sold, the price obtained and the name of the purchaser.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":45,"text":" and the maturity schedule of the notes sold, the price obtained and the name of the purchaser.  Section 5.        The capital budget or temporary capital budget (as applicable) of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":47,"text":" Section 5.        The capital budget or temporary capital budget (as applicable) of the  Borough is hereby amended to conform with the provisions of this bond ordinance to the extent of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":17,"line":55,"text":" budget amended temporary capital budget (as applicable) and capital program as approved by the  Director of the Division of Local Government Services is on file with the Borough Clerk and is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":3,"text":" assessed on property specially benefited thereby.  (b)     The average period of usefulness of the Improvements or purposes, within the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":13,"text":" (c)     The Supplemental Debt Statement required by the Local Bond Law has been duly  prepared and filed in the office of the Borough Clerk, and a complete executed duplicate thereof","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":21,"text":" gross debt of the Borough as defined in the Local Bond Law is increased by the authorization of  the bonds and notes provided in this Bond Ordinance by $560,025.00 and the obligations","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":25,"text":" authorized herein will be within all debt limitations prescribed by that Law.  (d)     An aggregate amount not exceeding $4,000.00 for items of expense listed in and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":33,"text":" Section 7.     Any grant moneys received for the purposes described in Section 3 hereof  shall be applied either to direct payment of the cost of the improvement or to payment of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":35,"text":" shall be applied either to direct payment of the cost of the improvement or to payment of the  obligations issued pursuant to this Bond Ordinance. The amount of obligations authorized","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":43,"text":" payment of the principal of and the interest on the obligations authorized by this bond ordinance.  The obligations shall be direct, unlimited obligations of the Borough, and the Borough shall be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":47,"text":" obligated to levy ad valorem taxes upon all the taxable real property within the Borough for the  payment of the obligations and the interest thereon without limitation of rate or amount.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":49,"text":" payment of the obligations and the interest thereon without limitation of rate or amount.  Section 9.     The Bond Ordinance constitutes a declaration of official intent under","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":53,"text":" Treasury Regulation Section 1.150-2. The Borough reasonably expects to pay expenditures with  respect to the Improvement prior to the date that Borough incurs debt obligations under this Bond","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":55,"text":" respect to the Improvement prior to the date that Borough incurs debt obligations under this Bond  Ordinance. The Borough reasonably expects to reimburse such expenditures with the proceeds of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":57,"text":" Ordinance. The Borough reasonably expects to reimburse such expenditures with the proceeds of  debt to be incurred by the Borough under this Bond Ordinance. The maximum principal amount","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":59,"text":" debt to be incurred by the Borough under this Bond Ordinance. The maximum principal amount  of debt expected to be issued for payment of the cost of the Improvement is $560,025.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":18,"line":61,"text":" of debt expected to be issued for payment of the cost of the Improvement is $560,025.00.  Section 10.    This Bond Ordinance shall take effect 20 days after the first publication","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":20,"line":15,"text":" WHEREAS, the Borough Council believes it appropriate and necessary, in order not to  treat similar property owners differently, to amend the aforementioned Chapter 19-35 of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":21,"line":36,"text":"to it by the Chief of Police or his designee. The Borough Administrator shall have the discretion to grant the application and issue the permit, deny the application or to grant the application with any and all reasonable and necessary conditions it deems appropriate.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":21,"line":38,"text":"the application with any and all reasonable and necessary conditions it deems appropriate.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":23,"line":24,"text":"SECTION 1. The Borough accepts the offer from Black Dot Capital and Real Estate Group to purchase the five (5) leases with cellular companies for and in consideration of $1,590.755.69. SECTION 2. This authorization and sale is in accordance with the provisions of N.J.S.A.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":26,"line":52,"text":"F.      RESOLUTIONS 1.    (195-2015)     Amending and Modifying the Professional Services Agreement Entered Into with the Law Firm of Bathgate, Wegener & Neumann, PC for the Municipal Prosecutor Position","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":26,"line":62,"text":"JERSEY, AUTHORIZING AMENDMENT AND MODIFICATION TO THE PROFESSIONAL SERVICES AGREEMENT ENTERED INTO WITH THE LAW FIRM OF BATHGATE, WEGENER & NEUMANN, P.C. FOR THE MUNICIPAL PROSECUTOR POSITION","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":27,"line":5,"text":" contract for the Municipal Prosecutor position to the law firm of Bathgate, Wegener & Neumann,  P.C., effective January 1, 2015; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":27,"line":19,"text":" WHEREAS, the Borough believes it appropriate, necessary and fair to modify its existing  agreement with the Municipal Prosecutor.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":27,"line":21,"text":" agreement with the Municipal Prosecutor.  NOW, THEREFORE, BE IT RESOLVED, this 21st day of July, 2015, by the Mayor","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":27,"line":29,"text":" 1.      The existing Professional Services Agreement for the Municipal Prosecutor\u2019s position with Bathgate, Wegener and Neumann shall be modified as follows:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":31,"line":42,"text":"WHEREAS, N.J.S.A 54:5-33 states that any tax lien certificate premium left in the account for over 5 years may be transferred to the CFO for General Municipal Revenue  THEREFORE BE IT RESOLVED, the Borough Council, County of Ocean, State of New","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":32,"line":21,"text":"2. The Municipal Clerk shall advertise the Notice to Bidders for the purpose of the receipt of sealed bids for the above named purchase or project.  3. Each bid shall be submitted as a written proposal in the manner designated in the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":32,"line":56,"text":" 9.      A contract will be awarded to the lowest responsible bidder. The Borough reserves the right to reject any and all bids. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":4,"text":" 13.     Performance date shall commence as stipulated in Agreement or as stated in the specifications. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":30,"text":" SECOND AMENDMENT TO SHARED SERVICES AGREEMENT BY AND BETWEEN THE BOROUGH OF POINT PLEASANT BOROUGH AND THE BOROUGH OF POINT PLEASANT BEACH","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":42,"text":"State of New Jersey, with principal offices located at 416 New Jersey Avenue, Point Pleasant Beach, New Jersey 08742, have previously entered into an Interlocal Services Agreement for Municipal Court Services dated June, 2010; and WHEREAS, the Agreement provided for Shared Services of the Municipal Court complex","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":44,"text":"Municipal Court Services dated June, 2010; and WHEREAS, the Agreement provided for Shared Services of the Municipal Court complex and offices located in the Borough Municipal Building; and WHEREAS, the \u201cInterlocal Services Act\u201d, N.J.S.A. 40:8A-1 et seq., the \u201cAct\u201d authorizes","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":47,"text":"WHEREAS, the \u201cInterlocal Services Act\u201d, N.J.S.A. 40:8A-1 et seq., the \u201cAct\u201d authorizes local units in this State to enter into a Contract with any other local unit or units for the joint provision within their several jurisdictions of any service which any party to the Agreement is empowered to render within its jurisdiction; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":48,"text":"local units in this State to enter into a Contract with any other local unit or units for the joint provision within their several jurisdictions of any service which any party to the Agreement is empowered to render within its jurisdiction; and WHEREAS, N.J.S.A. 2B:12-1 allows two or more municipalities to provide jointly for","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":58,"text":"maintains its rights to appoint their own judge, prosecutor, and public defender; and WHEREAS, the Borough and the Beach believe it appropriate and necessary to amend the existing Agreement to provide a revised compensation formula between the Borough and the Beach, and to provide that the Borough, at the Beach expense, will provide sufficient police","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":59,"text":"WHEREAS, the Borough and the Beach believe it appropriate and necessary to amend the existing Agreement to provide a revised compensation formula between the Borough and the Beach, and to provide that the Borough, at the Beach expense, will provide sufficient police presence during the dates that the Beach is holding Municipal Court in the Borough Municipal","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":33,"line":64,"text":"WHEREAS, the Borough and the Beach find it would be in the best interests of the parties as well as each and all of their taxpayers and residents to modify the existing Agreement in order to better serve the Municipal Court Judge, and each of their citizens and taxpayers; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":2,"text":"WHEREAS, the Borough and Beach previously executed a First Amendment to the Agreement in or about June, 2012, which Agreement expires on its own terms as of June 30, 2015; and WHEREAS, the Borough and the Beach have been undertaking negotiations in order to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":5,"text":"WHEREAS, the Borough and the Beach have been undertaking negotiations in order to extend the Agreement which they both believe is in the best interests of all parties, as well as each and all of their taxpayers and residents; and WHEREAS, both the Borough and Beach believe it appropriate to modify the existing","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":7,"text":"and all of their taxpayers and residents; and WHEREAS, both the Borough and Beach believe it appropriate to modify the existing Agreement in order to better serve the Municipal Court Judge and each of its citizens and taxpayers.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":8,"text":"WHEREAS, both the Borough and Beach believe it appropriate to modify the existing Agreement in order to better serve the Municipal Court Judge and each of its citizens and taxpayers. NOW, THEREFORE, with the foregoing recital paragraphs incorporated herein by this","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":13,"text":"intending to be legally bound, hereby agree as follows: 1. Other than as modified herein, the Agreement and First Amendment thereto, are incorporated herein and shall remain in full force and effect. 2. Beginning July 1, 2015 the contribution from the Borough to the Beach for the salaries","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":15,"text":"incorporated herein and shall remain in full force and effect. 2. Beginning July 1, 2015 the contribution from the Borough to the Beach for the salaries of the Court Administrator, Deputy Court Administrator and First Assistant will be capped at $50,000.00 per year (July 1, 2015 through the following June 30, 2016), each year. This","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":20,"text":"than $12.00 per hour or $31,200.00 (for both) per year. 3. In addition thereto in the event that the salaries, benefits, overtime, perquisites, et cetera for the three (3) aforementioned permanent persons and two (2) permanent part time persons exceed $250,000.00 on a calendar year, the Borough will reimburse the Beach 17.5% of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":29,"text":"required to staff the Municipal Courtroom when the Beach is in session. The Borough will, as best as possible, supply Borough Police Officers earning the least salary and remunerations in order to minimize costs to the Beach. The Beach will reimburse and pay in full the Borough for all expenses incurred for the Police Officers who will man the Municipal Courtroom while the Beach","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":32,"text":"expenses incurred for the Police Officers who will man the Municipal Courtroom while the Beach is in session. All remuneration shall include salary, longevity pay, health insurance, payroll taxes, pension and if necessary, overtime. Appropriate documentation shall be forwarded to the Beach by the Borough Chief Financial Officer on a quarterly basis for reimbursement. The Beach is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":33,"text":"is in session. All remuneration shall include salary, longevity pay, health insurance, payroll taxes, pension and if necessary, overtime. Appropriate documentation shall be forwarded to the Beach by the Borough Chief Financial Officer on a quarterly basis for reimbursement. The Beach is given the opportunity to provide its own security during Municipal Court sessions for the Beach,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":34,"text":"pension and if necessary, overtime. Appropriate documentation shall be forwarded to the Beach by the Borough Chief Financial Officer on a quarterly basis for reimbursement. The Beach is given the opportunity to provide its own security during Municipal Court sessions for the Beach, and if permitted by law. In addition, the Borough will staff the Municipal Court during Beach","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":37,"text":"and if permitted by law. In addition, the Borough will staff the Municipal Court during Beach sessions at the lowest possible salary and without overtime. 6. The Beach agrees to pay $450.00 for the electronic paper forms required by the Borough.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":40,"text":"Borough. 7. The Agreement shall extend for a four (4) year term, ending on June 30, 2019. 8. The Borough and the Beach agree to provide quarterly statements to each other as to the amount due from the other party for the costs set forth herein above.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":43,"text":"the amount due from the other party for the costs set forth herein above. 9. Other than that as modified herein all of the terms and conditions of the Agreement as amended shall remain in full force and effect. 10. The parties agree to provide a copy of this Second Amendment to the Shared Services","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":46,"text":"10. The parties agree to provide a copy of this Second Amendment to the Shared Services Agreement and the enabling Resolutions to the Honorable Vincent J. Grasso, A.J.S.C. and to the Municipal Court Administrator at the Ocean County Courthouse in Toms River, New Jersey. 11. This Agreement shall be reviewed on a yearly basis to insure that the Agreement has","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":48,"text":"Municipal Court Administrator at the Ocean County Courthouse in Toms River, New Jersey. 11. This Agreement shall be reviewed on a yearly basis to insure that the Agreement has been working appropriately and fairly as anticipated by all. 12. In addition, within 45 days, the Beach shall pay to the Borough $25,937.00 for the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":49,"text":"11. This Agreement shall be reviewed on a yearly basis to insure that the Agreement has been working appropriately and fairly as anticipated by all. 12. In addition, within 45 days, the Beach shall pay to the Borough $25,937.00 for the overpayment to the Court Administrator while she was on disability. Payment shall either be made","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":34,"line":51,"text":"12. In addition, within 45 days, the Beach shall pay to the Borough $25,937.00 for the overpayment to the Court Administrator while she was on disability. Payment shall either be made by check or as a credit towards money due from the Borough to the Beach.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":35,"line":49,"text":"2. Copies of this Resolution shall be sent to: Construction Official; Dolphin Homes; Chief Financial Officer and any other interested party.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":4,"text":"WHEREAS, The Mayor and Council of the Borough of Point Pleasant have received claims which must be paid from specified funds where and when appropriate as listed on the attached schedules; and ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":11,"text":"WHEREAS, The Municipal Administrator has certified that said claims are appropriate under the Local Public Contracts Law 40A:ll-1 et seq. and are authorized budgetary expenditures; and ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":12,"text":"appropriate under the Local Public Contracts Law 40A:ll-1 et seq. and are authorized budgetary expenditures; and  WHEREAS, The Chief Financial Officer has certified that all payments listed on","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":14,"text":" WHEREAS, The Chief Financial Officer has certified that all payments listed on the attached schedules have received the signature of the Municipal Administrator signifying his review and approval; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":18,"text":" WHEREAS, the Chief Financial Officer has certified that sufficient funds are available to pay said bills, and has certified that each item accurately reflects the vendor's name, corresponding check number and appropriate amount as actually","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":20,"text":"available to pay said bills, and has certified that each item accurately reflects the vendor's name, corresponding check number and appropriate amount as actually appears on the respective check. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":36,"line":25,"text":"THE BOROUGH OF POINT PLEASANT, COUNTY OF OCEAN, STATE OF NEW JERSEY, THAT; attached bill list is hereby approved for payment.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":72,"line":7,"text":"Mr. Furmato: Yes         Mrs. Snyder: *Abstain          Mr. Thulen: Yes *(Abstain only from all payments to Bathgate Wegener & Wolf and approves all other payments) CARRIES: YES","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":72,"line":8,"text":"*(Abstain only from all payments to Bathgate Wegener & Wolf and approves all other payments) CARRIES: YES ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":79,"line":7,"text":"Mr. Furmato: Yes       Mrs. Snyder: *Abstain          Mr. Thulen: Yes *(Abstain only from all payments to Bathgate Wegener & Wolf and approves all other payments) CARRIES: YES","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":79,"line":8,"text":"*(Abstain only from all payments to Bathgate Wegener & Wolf and approves all other payments) CARRIES: YES","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":1,"text":"11.    (205-2015)     Chapter 159 Budget Insertion \u2013 FEMA Reimbursement Hurricane Sandy ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":7,"text":"Local Government Services may approve the insertion of any special item of revenue in the budget of any county or municipality when such item shall have been made available by law and the amount thereof was not determined at the time of the adoption of the budget;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":9,"text":"made available by law and the amount thereof was not determined at the time of the adoption of the budget;  WHEREAS, said Director may also approve the insertion of an item of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":12,"text":"WHEREAS, said Director may also approve the insertion of an item of appropriation for an equal amount; and  WHEREAS, the Borough of Point Pleasant received $58,512.00 for FEMA-","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":15,"text":"WHEREAS, the Borough of Point Pleasant received $58,512.00 for FEMA- HURRICANE SANDY and wishes to amend its CY 2015 Budget to include this additional amount as a revenue. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":16,"text":"HURRICANE SANDY and wishes to amend its CY 2015 Budget to include this additional amount as a revenue.  NOW, THEREFORE, BE IT RESOLVED that the Council of the Borough of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":20,"text":"Point Pleasant hereby requests the Director of the Division of Local Government Services to approve the following insertion of an item of revenue in the budget of the year CY 2015: ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":26,"text":"BE IT FURTHER RESOLVED that a like sum of $58,512.00 be and the same is hereby appropriated and is now available as revenue under the caption of:  FEMA HURRICANE SANDY","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":80,"line":59,"text":"2. Copies of this Resolution shall be sent to: Construction Official; Ted & Stacey Vadurro; Chief Financial Officer and any other interested party.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":81,"line":24,"text":" 2. Copies of this Resolution shall be sent to: Construction Official; Ahold; Chief Financial Officer and any other interested party. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":81,"line":51,"text":"Point Pleasant, County of Ocean, State of New Jersey, that the following individuals be hired to the position listed below with the listed rate and account:  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":81,"line":54,"text":" Name                  Position                       Rate                          Account  Alex Hubner           Jr. Counselor                  $7.00/HR                      TRUST","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":82,"line":11,"text":" 15. (210-2015)     Authorize Payment of Stipend for Secretary of the Recreation Commission - Jeanette Schlapfer ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":82,"line":19,"text":"POINT PLEASANT BOROUGH, COUNTY OF OCEAN, STATE OF NEW JERSEY, AUTHORIZING PAYMENT OF A STIPEND TO THE SECRETARY OF THE RECREATION COMMISSION, JEANETTE SCHLAPFER, IN THE AMOUNT OF $1,500.00 PER ANNUM.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":82,"line":39,"text":" Commissioners, a stipend needs to be paid to the Secretary, Jeanette Schlapfer for services  rendered.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":82,"line":47,"text":" 1.     An annual stipend of $1,500.00 is hereby established to be paid to the Secretary of the Recreation Commission, effective immediately. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":82,"line":50,"text":" 2.     This stipend shall be for calendar year 2015.  3.     The Borough authorizes and directs the Mayor, Borough Clerk, and Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":83,"line":38,"text":" 16.   (211-2015)   Award Contract \u2013 Rear Yard Drainage Improvements Along Pocahontas Avenue to R. Moslowski Excavating, Inc. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":83,"line":46,"text":"POINT PLEASANT BOROUGH, COUNTY OF OCEAN, STATE OF NEW JERSEY, AWARDING CONTRACT FOR THE REAR YARD DRAINAGE IMPROVEMENTS ALONG POCAHONTAS AVENUE TO R. MOSLOWSKI EXCAVATING, INC.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":83,"line":59,"text":" provisions of the New Jersey Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq.; and  WHEREAS, in response to the request for bids, six (6) bids have been received in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":84,"line":5,"text":"All Surface Asphalt Paving, Inc.         $ 98,500.00 Cardinal Contracting Co., Inc.           $105,495.00 Earle Asphalt Company                    $108,813.13 DSC Construction Co., Inc.               $124,480.00","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":84,"line":19,"text":" Borough\u2019s budgetary constraints; and  NOW, THEREFORE, BE IT RESOLVED, this 21st day of July 2015, by the Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":85,"line":11,"text":" 17.   (212-2015)  Award Contract for the Replacement of six (6) Overhead Garage Doors \u2013 Allmark Door Company ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":85,"line":19,"text":"POINT PLEASANT BOROUGH, COUNTY OF OCEAN, STATE OF NEW JERSEY, AWARDING A CONTRACT FOR THE REPLACEMENT OF SIX (6) OVERHEAD GARAGE DOORS ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":85,"line":30,"text":" WHEREAS, the contracts have been solicited in conformance with the provisions of the  New Jersey Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq.; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":85,"line":32,"text":" New Jersey Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq.; and  WHEREAS, one (1) bid Was received from Allmark Door Company, Inc. of Springfield,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":85,"line":44,"text":" WHEREAS, the award of this bid is in compliance with the Borough\u2019s budgetary  constraints.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":85,"line":54,"text":" 1.      The Borough accepts and awards the contract for the supply of six (6) overhead garage doors at the D.P.W. Building to Allmark Door Company, Inc. for an in consideration of $34,360.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":33,"text":" 19.    (214-2015)     Approving Professional Services Contract with T & M Associates for Preparation of Strategic Recovery Planning Report ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":36,"text":" WHEREAS, the Borough Council wishes to authorize a contract with T & M ASSOCIATEs for the purposes of providing the aforesaid professional engineering services. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":42,"text":" 1.      A contract for professional engineering services for the purposes of providing Borough of Point Pleasant with a Strategic Recovery Planning Report services by T & M ASSOCIATES in the amount not to exceed $22,900.00 and in accordance with the proposal on file with the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":47,"text":" 2.      The Mayor and Borough Clerk are hereby authorized to sign contract documents necessary to effectuate the award of this contract. The Borough Attorney shall prepare any and all contractual documents prepared in furtherance of this award.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":48,"text":"2.      The Mayor and Borough Clerk are hereby authorized to sign contract documents necessary to effectuate the award of this contract. The Borough Attorney shall prepare any and all contractual documents prepared in furtherance of this award. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":49,"text":"necessary to effectuate the award of this contract. The Borough Attorney shall prepare any and all contractual documents prepared in furtherance of this award.  This Resolution is conditioned upon the following:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":53,"text":" A.     Formal execution of a contract prepared by the Director of Law which is signed by the Mayor and Borough Clerk. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":87,"line":63,"text":"otherwise complying with affirmative action employee information reporting. No contract shall be considered awarded unless, and until, the above requirements are executed.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":91,"line":18,"text":"Mayor Sabosik: We are still being held up by the county. The Board of Ed has struck there tax rate, the Borough has struck there tax rate and the county has not gotten approval from the state yet. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":3,"text":" (189-2015)    SALARY RESOLUTION 2015 - AMENDED (Tabled from 6/23/15)  WHEREAS, it is necessary for the Mayor and Council of the Borough of Point Pleasant to adopt","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":6,"text":"WHEREAS, it is necessary for the Mayor and Council of the Borough of Point Pleasant to adopt a resolution establishing the annual salaries of Borough Employees for the year 2015, and;  WHEREAS, Appropriations are included as part of the annual budget, and,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":8,"text":" WHEREAS, Appropriations are included as part of the annual budget, and,  NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Borough of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":13,"text":" 1. The Salary of the respective employee listed here effective January 1, 2015:  Colvin, Eric          Keyboarding Clerk I                   $40,842.00","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":16,"text":"Colvin, Eric          Keyboarding Clerk I                   $40,842.00 Webmaster Stipend                     $5,000.00  English, Tiffany      Account Clerk                         $47,435.00","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":22,"text":" Shah, Himanshu        Chief Financial Officer               $45,000.00  Daley, George         Public Works Repairer                 $64,197.00             1%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":35,"text":" 2.     The Salary of the respective employees listed here are effective July 1, 2015:  Cheryl Olsen          Registrar                             $64,797.00","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":92,"line":38,"text":"Cheryl Olsen          Registrar                             $64,797.00 Sharon Bestine        Deputy Registrar                      $2,500.00      Stipend  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":19,"text":"AUTHORIZING THE BOROUGH OF POINT PLEASANT TO ENTER INTO A MEMORANDUM OF AGREEMENT WITH TEAMSTERS LOCAL UNION #469 (COMMUNICATIONS OFFICER) ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":26,"text":" #469 (hereinafter the \u201cUnion\u201d) have previously entered into a Collective Bargaining Agreement  (hereinafter \u201cCBA\u201d) for the term of January 1, 2012 to December 31, 2015; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":32,"text":" certain revisions regarding salary compensation to Richard Wells, Communications Officer, and  Communications Officer Trainee salary in the CBA; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":34,"text":" Communications Officer Trainee salary in the CBA; and  WHEREAS, in order to memorialize the Agreement of the Borough and the Union to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":36,"text":" WHEREAS, in order to memorialize the Agreement of the Borough and the Union to  amend the existing CBA by way of a Memorandum of Agreement, the Borough Council has found","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":38,"text":" amend the existing CBA by way of a Memorandum of Agreement, the Borough Council has found  it necessary and proper to authorize the Borough to enter into the Memorandum of Agreement.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":40,"text":" it necessary and proper to authorize the Borough to enter into the Memorandum of Agreement.  NOW, THEREFORE, BE IT RESOLVED, this 21st day of July, 2015, by the Mayor and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":48,"text":"1.      The Mayor, Borough Clerk and Borough Administrator are hereby authorized to execute any and all documentation to enter into the Memorandum of Agreement amending the Collective Bargaining Agreement with Teamsters Local Union #469. 2.      A copy of the Memorandum of Agreement shall be available at the Point Pleasant","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":49,"text":"execute any and all documentation to enter into the Memorandum of Agreement amending the Collective Bargaining Agreement with Teamsters Local Union #469. 2.      A copy of the Memorandum of Agreement shall be available at the Point Pleasant Borough Municipal Clerk\u2019s Office for inspection by members of the public.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":94,"line":50,"text":"Collective Bargaining Agreement with Teamsters Local Union #469. 2.      A copy of the Memorandum of Agreement shall be available at the Point Pleasant Borough Municipal Clerk\u2019s Office for inspection by members of the public. 3.      The Borough authorizes and directs the Mayor, Borough Clerk and Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":95,"line":52,"text":" 2. That the rate for said temporary, summer laborer shall be $12.75 per hour.  3. That said appointment is at the discretion of the Superintendent of Public Works and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":96,"line":27,"text":" appropriate to appoint an individual to the position of Public Safety Telecommunicator Trainee  for the Borough of Point Pleasant; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":96,"line":33,"text":" Borough has found it appropriate to appoint Kevin Nickerson as Public Safety Telecommunicator  Trainee for Point Pleasant Borough at a salary of $38,204.90 per year, effective July 21, 2015.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":96,"line":35,"text":" Trainee for Point Pleasant Borough at a salary of $38,204.90 per year, effective July 21, 2015.  NOW, THEREFORE, BE IT RESOLVED, this 21st day of July, 2015, by the Mayor and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":96,"line":42,"text":"1.      Kevin Nickerson is hereby appointed Public Safety Telecommunicator Trainee, effective July 21, 2015 at an annual salary of $38,204.90.  2.      The Borough authorizes and directs the Mayor, Borough Clerk, and Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":97,"line":42,"text":" appropriate to appoint individuals to the position of Public Safety Telecommunicator Trainee for  the Borough of Point Pleasant; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":97,"line":48,"text":" Borough has found it appropriate to appoint Sean Malone and Michael Armstrong as Public Safety  Telecommunicator Trainees for Point Pleasant Borough at an annual salary of $38,204.90 for each","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":97,"line":50,"text":" Telecommunicator Trainees for Point Pleasant Borough at an annual salary of $38,204.90 for each  Trainee, effective August 7, 2015.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":98,"line":2,"text":"1.      Sean Malone and Michael Armstrong are hereby appointed Public Safety Telecommunicator Trainees, effective August 7, 2015 at an annual salary of $38,204.90 each.  2.      The Borough authorizes and directs the Mayor, Borough Clerk, and Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":8,"text":" WHEREAS, Sergeant Radsniak\u2019s current salary is $126,169.00 and as Police Lieutenant  it will be $138,901.00; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":13,"text":" WHEREAS, the Council believes it appropriate and necessary to fill the position of  Lieutenant in the Police Department immediately and the aforesaid agreement meets the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":15,"text":" Lieutenant in the Police Department immediately and the aforesaid agreement meets the  Borough\u2019s budgetary constraints.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":17,"text":" Borough\u2019s budgetary constraints.  NOW, THEREFORE, BE IT RESOLVED, this 21st day of July, 2015, by the Mayor and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":27,"text":" 2.      The rate of salary due for the position of Lieutenant shall begin effective August 3,  2015. Effective August 3, 2015, Lieutenant Radsniak will begin receiving the salary benefits of a","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":29,"text":" 2015. Effective August 3, 2015, Lieutenant Radsniak will begin receiving the salary benefits of a  Lieutenant in accordance with the most recently concluded Collective Bargaining Agreement.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":99,"line":31,"text":" Lieutenant in accordance with the most recently concluded Collective Bargaining Agreement.  3.      The Borough wishes to extend its compliments to Lieutenant Radsniak for this","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":100,"line":54,"text":" WHEREAS, Lieutenant Lokerson\u2019s current salary is current salary is $145,846, and as a  Police Captain his salary will be $158,347.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":100,"line":56,"text":" Police Captain his salary will be $158,347.00.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":100,"line":59,"text":" WHEREAS, the Council believes it appropriate and necessary to fill the position of  Captain in the Police Department immediately and the aforesaid agreement meets the Borough\u2019s","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":100,"line":61,"text":" Captain in the Police Department immediately and the aforesaid agreement meets the Borough\u2019s  budgetary constraints.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":100,"line":63,"text":" budgetary constraints.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":101,"line":9,"text":" 2.      The rate of salary due for the position of Captain shall begin effective 8/3/15.  Effective 8/3/15, Captain Lokerson will begin receiving the salary benefits of a Captain in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":101,"line":11,"text":" Effective 8/3/15, Captain Lokerson will begin receiving the salary benefits of a Captain in  accordance with the most recently concluded Collective Bargaining Agreement.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Minutes-July-21-2015.pdf","source_label":"minutes-july-21-2015","page":101,"line":13,"text":" accordance with the most recently concluded Collective Bargaining Agreement.  3.      The Borough wishes to extend its compliments to Captain Lokerson for this worthy","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Agenda-09-01-2015.pdf","source_label":"agenda-09-01-2015-2","page":1,"line":42,"text":"F.    RESOLUTIONS 1.  (254-2015)       Approve Purchase of In Car Video System for Police Cars \u2013 Police Dept. 2.  (256-2015)       Creating the Official Newsletter of the Borough of Point Pleasant 3.  (257-2015)       Authorize Adjustment and/or Refund on Certain Tax or Water/Sewer","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Agenda-09-01-2015.pdf","source_label":"agenda-09-01-2015-2","page":1,"line":49,"text":"6.     (260-2015)    Bills and Claims 7.     (261-2015)    Refund Demolition Bond \u2013 2221 Laurel Drive, Aggressive Contracting, Inc. 8.     (262-2015)    Approve Purchase of 2016 Ford F-350 \u2013 Fire Department 9.     (263-2015)    Authorize a Waiver of Building Permit Application Fees for the Point","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Agenda-09-01-2015.pdf","source_label":"agenda-09-01-2015-2","page":1,"line":50,"text":"7.     (261-2015)    Refund Demolition Bond \u2013 2221 Laurel Drive, Aggressive Contracting, Inc. 8.     (262-2015)    Approve Purchase of 2016 Ford F-350 \u2013 Fire Department 9.     (263-2015)    Authorize a Waiver of Building Permit Application Fees for the Point Pleasant Borough Fire Company","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Agenda-09-01-2015.pdf","source_label":"agenda-09-01-2015-2","page":2,"line":5,"text":"G.    RESOLUTION \u2013 (255-2015) Consent Agenda 1.  Approve Council Budget Meeting Minutes of March 10, 2015  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":6,"text":"rulings and court decisions, and assuming continuing compliance with certain covenants described herein, interest on the Bonds (as defined herein) (i) is not includable in gross income for Federal income tax purposes pursuant to section 103 of the Internal Revenue Code of 1986, as amended (the \u201cCode\u201d), and (ii) will not be treated as a preference item under section 57 of the Code for purposes of calculating the Federal alternative minimum tax for individuals and corporations. Bond Counsel is further of the opinion that, under existing laws of the State of New","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":29,"text":"the Borough of Point Pleasant, in the County of Ocean, State of New Jersey (the \u201cBorough\u201d) and, unless paid from other sources, pledge the full faith and credit of the Borough to levy ad valorem taxes on all taxable property within the Borough without limitation as to rate or amount for the payment of the principal thereof and the interest thereon. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":30,"text":"faith and credit of the Borough to levy ad valorem taxes on all taxable property within the Borough without limitation as to rate or amount for the payment of the principal thereof and the interest thereon.  The Bonds will be in fully registered book-entry only form and, when issued, will be registered in the name of Cede & Co., as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":34,"text":"nominee of The Depository Trust Company, New York, New York (\u201cDTC\u201d). DTC, an automated depository for securities and clearing house for securities transactions, will act as securities depository for the Bonds. Individual purchases of the Bonds will be made in book-entry only form in the principal amount of $5,000 or any integral multiple thereof, with a minimum purchase of $5,000, except that any Bonds in excess of the largest principal amount equaling a multiple of $5,000 shall be in denominations of $1,000 or any integral multiple thereof.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":35,"text":"securities transactions, will act as securities depository for the Bonds. Individual purchases of the Bonds will be made in book-entry only form in the principal amount of $5,000 or any integral multiple thereof, with a minimum purchase of $5,000, except that any Bonds in excess of the largest principal amount equaling a multiple of $5,000 shall be in denominations of $1,000 or any integral multiple thereof. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":43,"text":"as securities depository for the Bonds, principal and interest will be payable by wire transfer to DTC or its nominee, which is obligated to remit such principal and interest payment to DTC Participants. DTC Participants and Indirect Participants will be responsible for remitting such payments to the Beneficial Owners of the Bonds. See \u201cBOOK-ENTRY ONLY SYSTEM\u201d herein. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":44,"text":"such principal and interest payment to DTC Participants. DTC Participants and Indirect Participants will be responsible for remitting such payments to the Beneficial Owners of the Bonds. See \u201cBOOK-ENTRY ONLY SYSTEM\u201d herein.  The Bonds are authorized by and are issued pursuant to the Local Bond Law, N.J.S.A. 40A:2-1 et seq., as amended and supplemented","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":56,"text":" The scheduled payment of principal of and interest on the Bonds when due will be guaranteed under an insurance policy to be issued concurrently with the delivery of the Bonds by ASSURED GUARANTY MUNICIPAL CORP. (FORMERLY KNOWN AS FINANCIAL SECURITY ASSURANCE INC.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":57,"text":"The scheduled payment of principal of and interest on the Bonds when due will be guaranteed under an insurance policy to be issued concurrently with the delivery of the Bonds by ASSURED GUARANTY MUNICIPAL CORP. (FORMERLY KNOWN AS FINANCIAL SECURITY ASSURANCE INC. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":63,"text":" The Bonds are not a debt or obligation, legal, moral or otherwise of the State of New Jersey, or any county, municipality or political subdivision thereof other than the Borough. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":1,"line":71,"text":" UBS FINANCIAL SERVICES Dated: July 21, 2010","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":2,"line":14,"text":"COMBINED MATURITIES, INTEREST RATE AND PRICE  General","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":2,"line":18,"text":"Improvement     Water-Sewer            Combined             Interest Year       Bonds       Utility Bonds           Amount               Rate      Yield 2011   $ 740,000       $ 190,000           $ 930,000                 2.00%    0.65% 2012      765,000         190,000              955,000               2.00     0.80","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":3,"line":21,"text":" CHIEF FINANCIAL OFFICER  JOHN ADAMS","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":4,"line":15,"text":"References in this Official Statement to laws, rules, regulations, resolutions, ordinances, agreements, reports and documents do not purport to be comprehensive or definitive. All references to such documents are qualified in their entirety by reference to the particular document, the full text of which may contain qualifications of and exceptions to statements made","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":4,"line":25,"text":" Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.) (\u201cAGM\u201d) makes no representation regarding the Bonds or the advisability of investing in the Bonds. In addition, AGM has not independently verified, makes no representation","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":4,"line":31,"text":"other than with respect to the accuracy of the information regarding AGM supplied by AGM and presented under the heading \u201cBond Insurance\u201d and \u201cAppendix D- Specimen Municipal Bond Insurance Policy\u201d.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":4,"line":32,"text":"and presented under the heading \u201cBond Insurance\u201d and \u201cAppendix D- Specimen Municipal Bond Insurance Policy\u201d.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":6,"line":23,"text":"Series 2010 (the \"Water-Sewer Utility Bonds\" and, with the General Improvement Bonds, the \"Bonds\") dated July 15, 2010. This Official Statement has been by and on behalf of the Borough by the Chief Financial Officer and may be distributed in connection with the sale of the Bonds described herein. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":6,"line":30,"text":"The Bonds are dated, will mature on the dates and in the amounts and will bear interest payable semiannually as set forth on the inside of the cover page hereof. The Bonds may be purchased in book-entry only form in the principal amount of $5,000 or any integral multiple thereof except, where necessary, also in the amount of $1,000, through book-entries made on the books of The Depository Trust Company, New York, New York","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":6,"line":39,"text":"will be credited to the Participants of the Securities Depository as listed on the records of the Securities Depository as of each next preceding July 1 and January 1 (the \u201cRecord Dates\u201d for the payment of interest on the Bonds).  Redemption","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":7,"line":4,"text":"The description, which follows of the procedures and recordkeeping with respect to beneficial ownership interest in the Bonds, payment of principal and interest and other payments on the Bonds to Direct and Indirect Participants (defined below) or Beneficial Owners (defined below), confirmation and transfer of beneficial ownership interests in the Bonds and other related transactions by and between DTC, Direct Participants and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":7,"line":20,"text":"1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC\u2019s participants (\u201cDirect Participants\u201d) deposit with DTC. DTC also facilitates the post-trade settlement among Direct participants of sales and other securities transactions in deposited securities, through electronic computerized book-","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":7,"line":35,"text":" Purchases of the Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC\u2019s records. The ownership interest of each actual purchaser of each Bond (\u201cBeneficial Owner\u201d) is in turn to be recorded on the Direct and Indirect participants\u2019 records. Beneficial Owners","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":7,"line":36,"text":"Purchases of the Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC\u2019s records. The ownership interest of each actual purchaser of each Bond (\u201cBeneficial Owner\u201d) is in turn to be recorded on the Direct and Indirect participants\u2019 records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":7,"line":38,"text":"(\u201cBeneficial Owner\u201d) is in turn to be recorded on the Direct and Indirect participants\u2019 records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect participant through which the Beneficial Owner entered into the transaction. Transfers of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":7,"text":"Bond documents. For example, Beneficial Owners of Bonds may wish to ascertain that the nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":17,"text":" Redemption proceeds, distributions, and dividend payments on the Bonds will be made to CEDE & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC\u2019s practice is to credit Direct participants\u2019 accounts upon DTC\u2019s receipt of funds and corresponding detail information from the Paying Agent, on","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":20,"text":"participants\u2019 accounts upon DTC\u2019s receipt of funds and corresponding detail information from the Paying Agent, on payable date in accordance with their respective holdings shown on DTC\u2019s records. Payments by participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in \u201cstreet name,\u201d and will be the responsibility of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":24,"text":"such participant and not of DTC nor its nominee, the Paying Agent, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to CEDE & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the paying Agent, disbursement of such payments to Direct participants will be the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":25,"text":"requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to CEDE & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the paying Agent, disbursement of such payments to Direct participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":26,"text":"payments to CEDE & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the paying Agent, disbursement of such payments to Direct participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":27,"text":"the responsibility of the paying Agent, disbursement of such payments to Direct participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":8,"line":43,"text":"PARTICIPANTS OR THE PERSONS FOR WHOM THEY ACT AS NOMINEES WITH RESPECT TO THE PAYMENTS TO OR PROVIDING OF NOTICE FOR THE DTC PARTICIPANTS, OR THE INDIRECT PARTICIPANTS, OR BENEFICIAL OWNERS. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":17,"text":" BOND INSURANCE  Bond Insurance Policy","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":19,"text":" Bond Insurance Policy  Concurrently with the issuance of the Bonds, Assured Guaranty Municipal Corp. (formerly known as Financial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":21,"text":" Concurrently with the issuance of the Bonds, Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.) (\"AGM\") will issue its Municipal Bond Insurance Policy for the Bonds (the \"Policy\"). The Policy guarantees the scheduled payment of principal of and interest on the Bonds when due as set forth in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":22,"text":"Concurrently with the issuance of the Bonds, Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.) (\"AGM\") will issue its Municipal Bond Insurance Policy for the Bonds (the \"Policy\"). The Policy guarantees the scheduled payment of principal of and interest on the Bonds when due as set forth in the form of the Policy included as Appendix D to this Official Statement.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":23,"text":"Security Assurance Inc.) (\"AGM\") will issue its Municipal Bond Insurance Policy for the Bonds (the \"Policy\"). The Policy guarantees the scheduled payment of principal of and interest on the Bonds when due as set forth in the form of the Policy included as Appendix D to this Official Statement. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":26,"text":" The Policy is not covered by any insurance security or guaranty fund established under New York, California, Connecticut or Florida insurance law. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":27,"text":"The Policy is not covered by any insurance security or guaranty fund established under New York, California, Connecticut or Florida insurance law.  Assured Guaranty Municipal Corp. (Formerly Known As Financial Security Assurance Inc.)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":29,"text":" Assured Guaranty Municipal Corp. (Formerly Known As Financial Security Assurance Inc.)  AGM is a New York domiciled financial guaranty insurance company and a wholly owned subsidiary of Assured","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":31,"text":" AGM is a New York domiciled financial guaranty insurance company and a wholly owned subsidiary of Assured Guaranty Municipal Holdings Inc. (\"Holdings\"). Holdings is an indirect subsidiary of Assured Guaranty Ltd. (\u201cAGL\u201d), a Bermuda-based holding company whose shares are publicly traded and are listed on the New York","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":38,"text":" On July 1, 2009, AGL acquired the financial guaranty operations of Holdings from Dexia SA (\u201cDexia\u201d). In connection with such acquisition, Holdings\u2019 financial products operations were separated from its financial guaranty operations and retained by Dexia. For more information regarding the acquisition by AGL of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":39,"text":"On July 1, 2009, AGL acquired the financial guaranty operations of Holdings from Dexia SA (\u201cDexia\u201d). In connection with such acquisition, Holdings\u2019 financial products operations were separated from its financial guaranty operations and retained by Dexia. For more information regarding the acquisition by AGL of the financial guaranty operations of Holdings, see Item 1.01 of the Current Report on Form 8-K filed by AGL with","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":41,"text":"guaranty operations and retained by Dexia. For more information regarding the acquisition by AGL of the financial guaranty operations of Holdings, see Item 1.01 of the Current Report on Form 8-K filed by AGL with the Securities and Exchange Commission (the \u201cSEC\u201d) on July 8, 2009. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":9,"line":44,"text":" Effective November 9, 2009, Financial Security Assurance Inc. changed its name to Assured Guaranty Municipal Corp. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":1,"text":"AGM\u2019s financial strength is rated \u201cAAA\u201d (negative outlook) by Standard and Poor\u2019s Ratings Services, a Standard & Poor\u2019s Financial Services LLC business (\u201cS&P\u201d) and \u201cAa3\u201d (negative outlook) by Moody\u2019s Investors Service, Inc. (\u201cMoody\u2019s\u201d). On February 24, 2010, Fitch, Inc. (\u201cFitch\u201d), at the request of AGL, withdrew its \u201cAA\u201d","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":2,"text":"AGM\u2019s financial strength is rated \u201cAAA\u201d (negative outlook) by Standard and Poor\u2019s Ratings Services, a Standard & Poor\u2019s Financial Services LLC business (\u201cS&P\u201d) and \u201cAa3\u201d (negative outlook) by Moody\u2019s Investors Service, Inc. (\u201cMoody\u2019s\u201d). On February 24, 2010, Fitch, Inc. (\u201cFitch\u201d), at the request of AGL, withdrew its \u201cAA\u201d (Negative Outlook) insurer financial strength rating of AGM at the then current rating level. Each rating of AGM","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":4,"text":"Inc. (\u201cMoody\u2019s\u201d). On February 24, 2010, Fitch, Inc. (\u201cFitch\u201d), at the request of AGL, withdrew its \u201cAA\u201d (Negative Outlook) insurer financial strength rating of AGM at the then current rating level. Each rating of AGM should be evaluated independently. An explanation of the significance of the above ratings may be obtained from the applicable rating agency. The above ratings are not recommendations to buy, sell or hold any security, and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":18,"text":"On May 17, 2010, S&P published a Research Update in which it affirmed its \u201cAAA\u201d counterparty credit and financial strength ratings on AGM. At the same time, S&P continued its negative outlook on AGM. Reference is made to the Research Update, a copy of which is available at www.standardandpoors.com, for the complete text of S&P\u2019s comments.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":23,"text":"In a press release dated February 24, 2010, Fitch announced that, at the request of AGL, it had withdrawn the \u201cAA\u201d (Negative Outlook) insurer financial strength rating of AGM at the then current rating level. Reference is made to the press release, a copy of which is available at www.fitchratings.com, for the complete text of Fitch\u2019s comments.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":27,"text":" On December 18, 2009, Moody\u2019s issued a press release stating that it had affirmed the \u201cAa3\u201d insurance financial strength rating of AGM, with a negative outlook. Reference is made to the press release, a copy of which is available at www.moodys.com, for the complete text of Moody\u2019s comments.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":33,"text":" For more information regarding AGM\u2019s financial strength ratings and the risks relating thereto, see AGL\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2009, which was filed by AGL with the SEC on March 1, 2010, and AGL\u2019s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2010, which","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":10,"line":41,"text":" At March 31, 2010, AGM's consolidated policyholders' surplus and contingency reserves were approximately $2,220,015,145 and its total net unearned premium reserve was approximately $2,228,912,193 in accordance with statutory accounting principles.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":10,"text":"http://www.assuredguaranty.com, or will be provided upon request to Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.): 31 West 52nd Street, New York, New York 10019, Attention: Communications Department (telephone (212) 826-0100). ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":13,"text":" Any information regarding AGM included herein under the caption \u201cBOND INSURANCE \u2013 Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.)\u201d or included in a document incorporated by reference herein (collectively, the \u201cAGM Information\u201d) shall be modified or superseded to the extent that any","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":14,"text":"Any information regarding AGM included herein under the caption \u201cBOND INSURANCE \u2013 Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.)\u201d or included in a document incorporated by reference herein (collectively, the \u201cAGM Information\u201d) shall be modified or superseded to the extent that any subsequently included AGM Information (either directly or through incorporation by reference) modifies or","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":24,"text":"omitted herefrom, other than with respect to the accuracy of the information regarding AGM supplied by AGM and presented under the heading \u201cBOND INSURANCE\u201d.  SECURITY AND SOURCE PAYMENT","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":26,"text":" SECURITY AND SOURCE PAYMENT The Bonds are valid and legally binding general obligation bonds of the Borough, and the Borough has pledged its full faith and credit for the payment of the principal of and the interest on the Bonds. The Borough is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":28,"text":"The Bonds are valid and legally binding general obligation bonds of the Borough, and the Borough has pledged its full faith and credit for the payment of the principal of and the interest on the Bonds. The Borough is required by law to levy ad valorem taxes upon all the real property taxable within the Borough for the payment of the principal of and the interest on the Bonds without limitation as to rate or amount.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":29,"text":"pledged its full faith and credit for the payment of the principal of and the interest on the Bonds. The Borough is required by law to levy ad valorem taxes upon all the real property taxable within the Borough for the payment of the principal of and the interest on the Bonds without limitation as to rate or amount. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":30,"text":"required by law to levy ad valorem taxes upon all the real property taxable within the Borough for the payment of the principal of and the interest on the Bonds without limitation as to rate or amount.  PURPOSE OF THE BOND ISSUE","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":11,"line":46,"text":" After payment of the above Bond Anticipation Notes, the Borough will not have any Bond Anticipation Notes outstanding. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":21,"text":"MUNICIPAL FINANCE \u2013 FINANCIAL REGULATION OF COUNTIES AND MUNICIPALITIES Procedure for Authorization ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":24,"text":" The Borough has no constitutional limit on its power to incur indebtedness other than that it may issue obligations only for public purposes pursuant to State statutes. The authorization and issuance of Borough debt, including the purpose, amount and nature thereof, the method and manner of the incurrence of such debt, the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":25,"text":"The Borough has no constitutional limit on its power to incur indebtedness other than that it may issue obligations only for public purposes pursuant to State statutes. The authorization and issuance of Borough debt, including the purpose, amount and nature thereof, the method and manner of the incurrence of such debt, the maturity and terms of repayment thereof, and other related matters are statutory. The Borough is not required to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":26,"text":"obligations only for public purposes pursuant to State statutes. The authorization and issuance of Borough debt, including the purpose, amount and nature thereof, the method and manner of the incurrence of such debt, the maturity and terms of repayment thereof, and other related matters are statutory. The Borough is not required to submit the proposed incurrence of indebtedness to a public referendum.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":27,"text":"including the purpose, amount and nature thereof, the method and manner of the incurrence of such debt, the maturity and terms of repayment thereof, and other related matters are statutory. The Borough is not required to submit the proposed incurrence of indebtedness to a public referendum. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":28,"text":"maturity and terms of repayment thereof, and other related matters are statutory. The Borough is not required to submit the proposed incurrence of indebtedness to a public referendum.  The Borough, by bond ordinance, may authorize and issue negotiable obligations for the financing of any","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":32,"text":"capital improvement or property which it may lawfully acquire, or any purpose for which it is authorized or required by law to make an appropriation, except current expenses and payment of obligations (other than those for temporary financings). Bond ordinances must be finally adopted by the recorded affirmative vote of at least two- thirds of the full membership of the Borough Council and approved by the Mayor. The Local Bond Law requires","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":46,"text":"The Bonds are being issued pursuant to the provisions of the Local Bond Law. The Local Bond Law governs the issuance of bonds and bond anticipation notes to finance certain municipal capital expenditures. Among its provisions are requirements that bonds or notes must mature within the statutory period of usefulness of the projects being financed, that bonds be retired in serial or sinking fund installments, and that, unlike school debt, and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":48,"text":"its provisions are requirements that bonds or notes must mature within the statutory period of usefulness of the projects being financed, that bonds be retired in serial or sinking fund installments, and that, unlike school debt, and with some exceptions, including self-liquidating obligations and the improvements involving State grants, a five percent (5%) cash down payment must be generally provided. Such down payment must have been raised by","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":49,"text":"projects being financed, that bonds be retired in serial or sinking fund installments, and that, unlike school debt, and with some exceptions, including self-liquidating obligations and the improvements involving State grants, a five percent (5%) cash down payment must be generally provided. Such down payment must have been raised by budgetary appropriations, from cash on hand previously contributed for the purpose or by emergency resolution","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":50,"text":"with some exceptions, including self-liquidating obligations and the improvements involving State grants, a five percent (5%) cash down payment must be generally provided. Such down payment must have been raised by budgetary appropriations, from cash on hand previously contributed for the purpose or by emergency resolution adopted pursuant to the Local Budget Law, N.J.S.A. 40A:4-1 et seq., as amended and supplemented (the \u201cLocal","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":51,"text":"percent (5%) cash down payment must be generally provided. Such down payment must have been raised by budgetary appropriations, from cash on hand previously contributed for the purpose or by emergency resolution adopted pursuant to the Local Budget Law, N.J.S.A. 40A:4-1 et seq., as amended and supplemented (the \u201cLocal Budget Law\u201d). All bonds and notes issued by the Borough are general \"full faith and credit\" obligations.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":52,"text":"budgetary appropriations, from cash on hand previously contributed for the purpose or by emergency resolution adopted pursuant to the Local Budget Law, N.J.S.A. 40A:4-1 et seq., as amended and supplemented (the \u201cLocal Budget Law\u201d). All bonds and notes issued by the Borough are general \"full faith and credit\" obligations. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":13,"line":53,"text":"adopted pursuant to the Local Budget Law, N.J.S.A. 40A:4-1 et seq., as amended and supplemented (the \u201cLocal Budget Law\u201d). All bonds and notes issued by the Borough are general \"full faith and credit\" obligations.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":5,"text":"amount not exceeding the amount of bonds authorized in the ordinance, as may be amended and supplemented, creating such capital expenditure. A local unit's bond anticipation notes may be issued and renewed for periods not exceeding one (1) year, with the final maturity occurring and being paid no later than the first day of the fifth month following the close of the tenth fiscal year after the original issuance of the notes, provided that no notes may be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":10,"text":"amount of such note at least equal to the first legally payable installment of the anticipated bonds (the first year's principal payment), is paid and retired from funds other than the proceeds of obligations on or before the third anniversary date and each anniversary date thereafter. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":14,"text":"The issuance of tax anticipation notes by a municipality is limited in amount by the provisions of the Local Budget Law and may be renewed from time to time, but, in the case of a municipality such as the Borough, all such notes and renewals thereof must mature not later than 120 days after the end of the fiscal year in which such notes were issued.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":18,"text":" Statutory Debt Limitation (N.J.S.A. 40A:2-6 et seq.)  There are statutory requirements which limit the amount of debt which the Borough is permitted to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":20,"text":" There are statutory requirements which limit the amount of debt which the Borough is permitted to authorize. The authorized bonded indebtedness of a Borough is limited by the Local Bond Law and other laws to an amount equal to three and one half percent (3\u00bd%) of its stated average equalized valuation basis, subject to certain","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":21,"text":"There are statutory requirements which limit the amount of debt which the Borough is permitted to authorize. The authorized bonded indebtedness of a Borough is limited by the Local Bond Law and other laws to an amount equal to three and one half percent (3\u00bd%) of its stated average equalized valuation basis, subject to certain exceptions noted below. The stated equalized valuation basis is set by statute as the average of the equalized","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":28,"text":"of the Division of Taxation, in the New Jersey Department of the Treasury (the \"Division of Taxation\"). Certain categories of debt are permitted by statute to be deducted for the purposes of computing the statutory debt limit. The Local Bond Law permits the issuance of certain obligations, including obligations issued for certain emergency or self-liquidating purposes, notwithstanding the statutory debt limitation described above; but, with certain exceptions,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":30,"text":"Local Bond Law permits the issuance of certain obligations, including obligations issued for certain emergency or self-liquidating purposes, notwithstanding the statutory debt limitation described above; but, with certain exceptions, it is then necessary to obtain the approval of the Local Finance Board. See \"Exceptions to Debt Limitation- Extensions of Credit\" herein.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":31,"text":"self-liquidating purposes, notwithstanding the statutory debt limitation described above; but, with certain exceptions, it is then necessary to obtain the approval of the Local Finance Board. See \"Exceptions to Debt Limitation- Extensions of Credit\" herein. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":34,"text":" The Borough has not exceeded its statutory debt limit. As of June 30, 2009, the statutory net debt of the Borough as a percentage of equalized valuation (3 year average) was 0.41% (unaudited). ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":40,"text":"The Local Fiscal Affairs, N.J.S.A. 40A:5-1 et seq., as amended and supplemented (the \u201cLocal Fiscal Affairs Law\u201d), regulates the non-budgetary financial activities of local governments. An annual, independent audit of the local unit's accounts for the previous year must be performed by a Registered Municipal Accountant licensed in the State of New Jersey. The audit, conforming to the Division of Local Government Services, in the New Jersey","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":14,"line":45,"text":"months (December 31) after the close of the Borough's fiscal year (June 30), includes recommendations for improvement of the local unit's financial procedures. The audit report must be filed with the Borough Clerk and is available for review during regular municipal business hours and shall, within five (5) days thereafter be filed with the Director of the Division (the \"Director\"). A synopsis of the audit report, together with all recommendations","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":1,"text":"Annual Financial Statement (N.J.S.A. 40A:5-12 et seq.)  An annual financial statement (\u201cAnnual Financial Statement\u201d) which sets forth the financial condition of a","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":3,"text":" An annual financial statement (\u201cAnnual Financial Statement\u201d) which sets forth the financial condition of a local unit for the fiscal year must be filed with the Division not later than January 26 (in the case of a county) and not later than February 10 (in the case of a municipality) after the close of the calendar fiscal year, or not later than","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":7,"text":"August 10 of the State fiscal year for those municipalities which operate on the State fiscal year, such as the Borough. The Annual Financial Statement is prepared either by the Chief Financial Officer or the Registered Municipal Accountant for the local unit. It reflects the results of operations for the year of the Current and Utility Funds. If the statement of operations results in a cash deficit, the deficit must be included in full in the succeeding","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":10,"text":"Funds. If the statement of operations results in a cash deficit, the deficit must be included in full in the succeeding year's budget. The entire annual audit report is filed with the clerk of the local unit and is available for review during business hours. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":13,"text":" FINANCIAL MANAGEMENT Local Budget Law (N.J.S.A. 40A:4-1 et seq.) ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":14,"text":"FINANCIAL MANAGEMENT Local Budget Law (N.J.S.A. 40A:4-1 et seq.)  The foundation of the State local finance system is the annual cash basis budget. Every local unit,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":16,"text":" The foundation of the State local finance system is the annual cash basis budget. Every local unit, including the Borough, must adopt an annual operating budget in the form required by the Division. Certain items of revenue and appropriation are regulated by law and the proposed operating budget cannot be finally adopted until it","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":17,"text":"The foundation of the State local finance system is the annual cash basis budget. Every local unit, including the Borough, must adopt an annual operating budget in the form required by the Division. Certain items of revenue and appropriation are regulated by law and the proposed operating budget cannot be finally adopted until it has been certified by the Director, or in the case of a local unit\u2019s examination of its own budget as described herein,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":18,"text":"including the Borough, must adopt an annual operating budget in the form required by the Division. Certain items of revenue and appropriation are regulated by law and the proposed operating budget cannot be finally adopted until it has been certified by the Director, or in the case of a local unit\u2019s examination of its own budget as described herein, such budget cannot be finally adopted until a local examination certificate has been approved by the Chief Financial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":19,"text":"revenue and appropriation are regulated by law and the proposed operating budget cannot be finally adopted until it has been certified by the Director, or in the case of a local unit\u2019s examination of its own budget as described herein, such budget cannot be finally adopted until a local examination certificate has been approved by the Chief Financial Officer and governing body of the local unit. The Local Budget Law requires each local unit to appropriate","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":20,"text":"has been certified by the Director, or in the case of a local unit\u2019s examination of its own budget as described herein, such budget cannot be finally adopted until a local examination certificate has been approved by the Chief Financial Officer and governing body of the local unit. The Local Budget Law requires each local unit to appropriate sufficient funds for payment of current debt service and the Director, or in the case of the local examination, the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":21,"text":"such budget cannot be finally adopted until a local examination certificate has been approved by the Chief Financial Officer and governing body of the local unit. The Local Budget Law requires each local unit to appropriate sufficient funds for payment of current debt service and the Director, or in the case of the local examination, the local unit may review the adequacy of such appropriations. Among other restrictions, the Director or, in the case of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":22,"text":"Officer and governing body of the local unit. The Local Budget Law requires each local unit to appropriate sufficient funds for payment of current debt service and the Director, or in the case of the local examination, the local unit may review the adequacy of such appropriations. Among other restrictions, the Director or, in the case of local examination, the local unit may examine the budget with reference to all estimates of revenue and the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":23,"text":"sufficient funds for payment of current debt service and the Director, or in the case of the local examination, the local unit may review the adequacy of such appropriations. Among other restrictions, the Director or, in the case of local examination, the local unit may examine the budget with reference to all estimates of revenue and the following appropriations: (a) payment of interest and debt redemption charges, (b) deferred charges and statutory","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":24,"text":"local unit may review the adequacy of such appropriations. Among other restrictions, the Director or, in the case of local examination, the local unit may examine the budget with reference to all estimates of revenue and the following appropriations: (a) payment of interest and debt redemption charges, (b) deferred charges and statutory expenditures, (c) cash deficit of the preceding year, (d) reserve for uncollected taxes, and (e) other reserves and non-","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":25,"text":"local examination, the local unit may examine the budget with reference to all estimates of revenue and the following appropriations: (a) payment of interest and debt redemption charges, (b) deferred charges and statutory expenditures, (c) cash deficit of the preceding year, (d) reserve for uncollected taxes, and (e) other reserves and non- disbursement items. Taxes levied are a product of total appropriations, less non-tax revenues, plus a reserve","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":26,"text":"following appropriations: (a) payment of interest and debt redemption charges, (b) deferred charges and statutory expenditures, (c) cash deficit of the preceding year, (d) reserve for uncollected taxes, and (e) other reserves and non- disbursement items. Taxes levied are a product of total appropriations, less non-tax revenues, plus a reserve predicated on the prior year's collection experience.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":27,"text":"expenditures, (c) cash deficit of the preceding year, (d) reserve for uncollected taxes, and (e) other reserves and non- disbursement items. Taxes levied are a product of total appropriations, less non-tax revenues, plus a reserve predicated on the prior year's collection experience. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":30,"text":" The Director, in reviewing the budget, has no authority over individual operating appropriations, unless a specific amount is required by law, but the Director\u2019s budgetary review functions, focusing on anticipated revenues, and serves to protect the solvency of the local unit. Local budgets, by law and regulation, must be in balance on a","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":31,"text":"The Director, in reviewing the budget, has no authority over individual operating appropriations, unless a specific amount is required by law, but the Director\u2019s budgetary review functions, focusing on anticipated revenues, and serves to protect the solvency of the local unit. Local budgets, by law and regulation, must be in balance on a \"cash basis\", i.e., the total of anticipated revenues must equal the total of appropriation. N.J.S.A. 40A:4-22. If in any","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":32,"text":"specific amount is required by law, but the Director\u2019s budgetary review functions, focusing on anticipated revenues, and serves to protect the solvency of the local unit. Local budgets, by law and regulation, must be in balance on a \"cash basis\", i.e., the total of anticipated revenues must equal the total of appropriation. N.J.S.A. 40A:4-22. If in any year the Borough's expenditures exceed its realized revenues for that year, then such excess (deficit) must be raised","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":33,"text":"and serves to protect the solvency of the local unit. Local budgets, by law and regulation, must be in balance on a \"cash basis\", i.e., the total of anticipated revenues must equal the total of appropriation. N.J.S.A. 40A:4-22. If in any year the Borough's expenditures exceed its realized revenues for that year, then such excess (deficit) must be raised in the succeeding year's budget.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":34,"text":"\"cash basis\", i.e., the total of anticipated revenues must equal the total of appropriation. N.J.S.A. 40A:4-22. If in any year the Borough's expenditures exceed its realized revenues for that year, then such excess (deficit) must be raised in the succeeding year's budget. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":35,"text":"year the Borough's expenditures exceed its realized revenues for that year, then such excess (deficit) must be raised in the succeeding year's budget.  In accordance with the Local Budget Law and related regulations, (i) each local unit, with a population of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":37,"text":" In accordance with the Local Budget Law and related regulations, (i) each local unit, with a population of 10,000 persons, must adopt and annually revise a six (6) year capital program (ii) each local unit, with a population under 10,000 persons, must adopt (with some exceptions) and annually revise a three (3) year capital program. See","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":42,"text":" Municipal public utilities are supported by the revenues generated by the respective operations of the utilities, in addition to the general taxing power upon real property. For each utility, there is established a separate budget. The anticipated revenues and appropriations for each utility are set forth in the separate section of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":44,"text":"utilities, in addition to the general taxing power upon real property. For each utility, there is established a separate budget. The anticipated revenues and appropriations for each utility are set forth in the separate section of the budget. The budget is required to be balanced and to provide fully for debt service. The regulations regarding anticipation of revenues and deferral of charges apply equally to the budgets of the utilities. Deficits or anticipated","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":45,"text":"budget. The anticipated revenues and appropriations for each utility are set forth in the separate section of the budget. The budget is required to be balanced and to provide fully for debt service. The regulations regarding anticipation of revenues and deferral of charges apply equally to the budgets of the utilities. Deficits or anticipated deficits in utility operations which cannot be provided for from utility surplus, if any, are required to be raised in the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":46,"text":"budget. The budget is required to be balanced and to provide fully for debt service. The regulations regarding anticipation of revenues and deferral of charges apply equally to the budgets of the utilities. Deficits or anticipated deficits in utility operations which cannot be provided for from utility surplus, if any, are required to be raised in the \u201ccurrent\u201d or operating budget.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":47,"text":"anticipation of revenues and deferral of charges apply equally to the budgets of the utilities. Deficits or anticipated deficits in utility operations which cannot be provided for from utility surplus, if any, are required to be raised in the \u201ccurrent\u201d or operating budget. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":15,"line":48,"text":"deficits in utility operations which cannot be provided for from utility surplus, if any, are required to be raised in the \u201ccurrent\u201d or operating budget.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":1,"text":"Limitations on Expenditures (\"Cap Law\") (N.J.S.A. 40A:4-45.1 et seq.)  N.J.S.A. 40A:4-45.3 places limits on municipal tax levies and expenditures. This law is commonly known","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":3,"text":" N.J.S.A. 40A:4-45.3 places limits on municipal tax levies and expenditures. This law is commonly known as the \u201cCap Law\u201d (the \u201cCap Law\u201d). The Cap Law was recently amended and such amendment became effective on July 7, 2004. The Cap Law provides that the Borough shall limit any increase in its budget to 2.5% or the Cost-Of-","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":5,"text":"as the \u201cCap Law\u201d (the \u201cCap Law\u201d). The Cap Law was recently amended and such amendment became effective on July 7, 2004. The Cap Law provides that the Borough shall limit any increase in its budget to 2.5% or the Cost-Of- Living Adjustment, whichever is less, of the previous year\u2019s final appropriations, subject to certain exceptions. The Cost-Of-Living Adjustment is defined as the rate of annual percentage increase, rounded to nearest half percent, in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":6,"text":"July 7, 2004. The Cap Law provides that the Borough shall limit any increase in its budget to 2.5% or the Cost-Of- Living Adjustment, whichever is less, of the previous year\u2019s final appropriations, subject to certain exceptions. The Cost-Of-Living Adjustment is defined as the rate of annual percentage increase, rounded to nearest half percent, in the Implicit Price Deflator for State and Local Government Purchases of Goods and Services produced by the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":7,"text":"Living Adjustment, whichever is less, of the previous year\u2019s final appropriations, subject to certain exceptions. The Cost-Of-Living Adjustment is defined as the rate of annual percentage increase, rounded to nearest half percent, in the Implicit Price Deflator for State and Local Government Purchases of Goods and Services produced by the United States Department of Commerce for the year preceding the current year as announced by the Director.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":8,"text":"Cost-Of-Living Adjustment is defined as the rate of annual percentage increase, rounded to nearest half percent, in the Implicit Price Deflator for State and Local Government Purchases of Goods and Services produced by the United States Department of Commerce for the year preceding the current year as announced by the Director. However, in each year in which the Cost-Of-Living Adjustment is equal to or less than 2.5%, the Borough may, by","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":12,"text":"ordinance, approved by a majority vote of the full membership of the governing body, provide that the final appropriations of the Borough for such year be increased by a percentage rate that is greater than the Cost-Of-Living Adjustment, but not more than 3.5% over the previous year\u2019s final appropriations. The Borough has utilized this procedure to establish its CAP at 3.5%. See N.J.S.A. 40A:4-45.14. In addition,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":13,"text":"appropriations of the Borough for such year be increased by a percentage rate that is greater than the Cost-Of-Living Adjustment, but not more than 3.5% over the previous year\u2019s final appropriations. The Borough has utilized this procedure to establish its CAP at 3.5%. See N.J.S.A. 40A:4-45.14. In addition, ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":16,"text":" N.J.S.A. 40A:4-45.15b restored \u201cCAP\u201d banking to the Local Budget Law. Municipalities are permitted to appropriate available \u201cCAP Bank\u201d in either of the next two (2) succeeding years\u2019 final appropriations. The Borough has not utilized its \u201cCap Bank\u201d in its Fiscal Year 2010 budget and was below the permitted budget \u201cCAP\u201d for the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":17,"text":"N.J.S.A. 40A:4-45.15b restored \u201cCAP\u201d banking to the Local Budget Law. Municipalities are permitted to appropriate available \u201cCAP Bank\u201d in either of the next two (2) succeeding years\u2019 final appropriations. The Borough has not utilized its \u201cCap Bank\u201d in its Fiscal Year 2010 budget and was below the permitted budget \u201cCAP\u201d for the Fiscal Year 2010 budget. Along with the permitted increases for total general appropriations there are certain items","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":18,"text":"appropriate available \u201cCAP Bank\u201d in either of the next two (2) succeeding years\u2019 final appropriations. The Borough has not utilized its \u201cCap Bank\u201d in its Fiscal Year 2010 budget and was below the permitted budget \u201cCAP\u201d for the Fiscal Year 2010 budget. Along with the permitted increases for total general appropriations there are certain items that are allowed to increase outside the \u201cCAP\u201d. Major exceptions to the CAP law are as follows:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":19,"text":"has not utilized its \u201cCap Bank\u201d in its Fiscal Year 2010 budget and was below the permitted budget \u201cCAP\u201d for the Fiscal Year 2010 budget. Along with the permitted increases for total general appropriations there are certain items that are allowed to increase outside the \u201cCAP\u201d. Major exceptions to the CAP law are as follows: ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":22,"text":" 1.      Capital expenditures, including appropriations for current capital expenditures, as a component of a line item expenditure elsewhere in the budget or included in the capital improvement fund, provided that any such expenditure would otherwise be bondable under the Local Bond Law;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":23,"text":"1.      Capital expenditures, including appropriations for current capital expenditures, as a component of a line item expenditure elsewhere in the budget or included in the capital improvement fund, provided that any such expenditure would otherwise be bondable under the Local Bond Law; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":24,"text":"a line item expenditure elsewhere in the budget or included in the capital improvement fund, provided that any such expenditure would otherwise be bondable under the Local Bond Law;  2.       An increase based upon emergency temporary appropriations to meet an urgent situation or event","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":26,"text":" 2.       An increase based upon emergency temporary appropriations to meet an urgent situation or event or an emergency appropriation made pursuant to the Local Budget Law, (N.J.S.A. 40A:4-46), which shall be approved by the Director and by at least two-thirds of the members of the governing body and shall not exceed in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":27,"text":"2.       An increase based upon emergency temporary appropriations to meet an urgent situation or event or an emergency appropriation made pursuant to the Local Budget Law, (N.J.S.A. 40A:4-46), which shall be approved by the Director and by at least two-thirds of the members of the governing body and shall not exceed in the aggregate three percent (3%) of the previous year\u2019s final current operating regulation or by municipal","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":32,"text":" 3.       All debt service requirements, including that of a Type 1 school district  4.       Cash deficits of prior years, subject to the approval of the Local Finance Board;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":38,"text":" 6.       Appropriations related to new or increased service fees imposed by State law, rule or regulation or by municipal ordinances; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":43,"text":" 8.        Amounts required to be paid pursuant to (i) any contract with respect to use, service or provision of any project, facility or public improvement for water, sewerage, parking, senior citizen housing or similar purpose or payments on account of debt service therefor between a municipality and any other public entity of the State, (ii)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":45,"text":"of any project, facility or public improvement for water, sewerage, parking, senior citizen housing or similar purpose or payments on account of debt service therefor between a municipality and any other public entity of the State, (ii) the provisions of 1968 N.J. Laws c. 404, art. 9 by a constituent municipality to the intermunicipal account, (iii) any lease of a facility owned by a county improvement authority when lease payment represents the proportionate","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":47,"text":"the provisions of 1968 N.J. Laws c. 404, art. 9 by a constituent municipality to the intermunicipal account, (iii) any lease of a facility owned by a county improvement authority when lease payment represents the proportionate amount necessary to amortize the debt incurred by the authority in providing the leased facility, in whole or in part, and (iv) any repayment under a loan agreement pursuant to 1992 N.J. Laws c. 89, sec. 5;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":48,"text":"lease of a facility owned by a county improvement authority when lease payment represents the proportionate amount necessary to amortize the debt incurred by the authority in providing the leased facility, in whole or in part, and (iv) any repayment under a loan agreement pursuant to 1992 N.J. Laws c. 89, sec. 5; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":49,"text":"amount necessary to amortize the debt incurred by the authority in providing the leased facility, in whole or in part, and (iv) any repayment under a loan agreement pursuant to 1992 N.J. Laws c. 89, sec. 5;  9.       Appropriations of Federal, county, independent authority or State funds, or by grants from private","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":51,"text":" 9.       Appropriations of Federal, county, independent authority or State funds, or by grants from private parties or nonprofit organizations for a specific purpose, and amounts received or to be received from such sources in reimbursement for local expenditures. If a municipality provides matching funds in order to receive the federal,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":53,"text":"parties or nonprofit organizations for a specific purpose, and amounts received or to be received from such sources in reimbursement for local expenditures. If a municipality provides matching funds in order to receive the federal, county, independent authority or State funds, or the grants from private parties or nonprofit organizations for a specific purpose, the amount of the match which is required by law or agreement to be provided by the municipality","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":54,"text":"in reimbursement for local expenditures. If a municipality provides matching funds in order to receive the federal, county, independent authority or State funds, or the grants from private parties or nonprofit organizations for a specific purpose, the amount of the match which is required by law or agreement to be provided by the municipality shall be excepted;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":16,"line":55,"text":"county, independent authority or State funds, or the grants from private parties or nonprofit organizations for a specific purpose, the amount of the match which is required by law or agreement to be provided by the municipality shall be excepted; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":1,"text":"10.      Amounts expended to fund a free public library established pursuant to a provision of law;  11.      Amounts expended in preparing and implementing a housing element and fair share plan pursuant","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":3,"text":" 11.      Amounts expended in preparing and implementing a housing element and fair share plan pursuant to the provisions of 1985 N.J. Laws c. 222 and any amounts received by a municipality under a regional contribution agreement pursuant to section 12 of that act;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":5,"text":"to the provisions of 1985 N.J. Laws c. 222 and any amounts received by a municipality under a regional contribution agreement pursuant to section 12 of that act;  12.      Amounts expended to aid privately owned libraries and reading rooms;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":7,"text":" 12.      Amounts expended to aid privately owned libraries and reading rooms;  13.      Extraordinary expenses, approved by the Local Finance Board, required for the implementation of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":10,"text":"13.      Extraordinary expenses, approved by the Local Finance Board, required for the implementation of an shared services agreement;  14.       Any expenditure mandated as a result of a natural disaster, civil disturbance or other emergency","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":12,"text":" 14.       Any expenditure mandated as a result of a natural disaster, civil disturbance or other emergency that is specifically authorized pursuant to a declaration of an emergency by the President of the United States or the Governor of the State;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":16,"text":" 15.     Expenditures for the cost of services mandated by any order of court, by any Federal or State statute or by administrative rule, directive, order or other legally binding device issued by a State Agency; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":19,"text":" 16.      Expenditures of amounts actually realized in the local budget year from the sale of municipal assets if appropriated for non-recurring purposes or otherwise approved by the Director; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":20,"text":"16.      Expenditures of amounts actually realized in the local budget year from the sale of municipal assets if appropriated for non-recurring purposes or otherwise approved by the Director;  17.     Any Local Unit which is determined to be experiencing fiscal distress pursuant to the provisions","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":23,"text":"17.     Any Local Unit which is determined to be experiencing fiscal distress pursuant to the provisions of 1987 N.J. Laws c. 75 and which has available surplus pursuant to the spending limitations imposed by 1976 N.J. Laws c. 68, may appropriate and expend an amount of that surplus approved by the Director and the Local Finance Board;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":24,"text":"of 1987 N.J. Laws c. 75 and which has available surplus pursuant to the spending limitations imposed by 1976 N.J. Laws c. 68, may appropriate and expend an amount of that surplus approved by the Director and the Local Finance Board; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":27,"text":" 18.      Amounts expended for staffing and operation of the municipal court;  19.     Expenditures related to the cost of conducting and implementing a total property tax levy sale","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":29,"text":" 19.     Expenditures related to the cost of conducting and implementing a total property tax levy sale pursuant to 1997 N.J. Laws c. 99, sec. 16; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":32,"text":" 20.      Amounts expended for a length of service award program pursuant to 1997 N.J. Laws c. 388;  21.       Amounts expended to provide municipal services or reimbursement amounts to multifamily","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":34,"text":" 21.       Amounts expended to provide municipal services or reimbursement amounts to multifamily dwellings for the collection and disposal of solid waste generated by the residents of the multifamily dwellings. This subsection shall cease to be operative at the end of the first local budget year in which the municipality has","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":36,"text":"dwellings for the collection and disposal of solid waste generated by the residents of the multifamily dwellings. This subsection shall cease to be operative at the end of the first local budget year in which the municipality has fully phased in its reimbursement amount expenses; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":39,"text":" 22.       Amounts expended by a municipality under a shared services agreement entered into pursuant to 1973 N.J. Laws c. 208 entered into after the effective date of 2000 N.J. Laws c. 126. The governing body of the municipality that will receive the service may choose to allow the amount of projected annual savings to be added to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":42,"text":"municipality that will receive the service may choose to allow the amount of projected annual savings to be added to the amount of final appropriations upon which its permissible expenditures are calculated pursuant to section 1976 N.J. Laws c. 68, \u00a72; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":45,"text":" 23.      Amounts expended under a joint contract pursuant to 1952 N.J. Laws c. 72 entered into after the effective date of 2000 N.J. Laws c. 126. The governing body of each participating municipality may choose to allow the amount of projected annual savings to be added to the amount of final appropriations upon which its","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":47,"text":"effective date of 2000 N.J. Laws c. 126. The governing body of each participating municipality may choose to allow the amount of projected annual savings to be added to the amount of final appropriations upon which its permissible expenditures are calculated pursuant to 1976 N.J. Laws c. 68, \u00a72. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":48,"text":"allow the amount of projected annual savings to be added to the amount of final appropriations upon which its permissible expenditures are calculated pursuant to 1976 N.J. Laws c. 68, \u00a72.  24.     Amounts appropriated in the first three years after the effective date of 2003 N.J. Laws c. 92 for","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":50,"text":" 24.     Amounts appropriated in the first three years after the effective date of 2003 N.J. Laws c. 92 for liability insurance, workers\u2019 compensation insurance and employee group insurance; and ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":51,"text":"24.     Amounts appropriated in the first three years after the effective date of 2003 N.J. Laws c. 92 for liability insurance, workers\u2019 compensation insurance and employee group insurance; and  25.     Amounts appropriated in the first three years after the effective date of 2003 N.J. Laws c. 92 for","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":17,"line":53,"text":" 25.     Amounts appropriated in the first three years after the effective date of 2003 N.J. Laws c. 92 for costs of domestic security preparedness and responses to incidents and threats to domestic security. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":1,"text":"The \u201cCAP\u201d law does not limit the obligation of the Borough to levy ad valorem taxes upon all taxable property within the boundaries of the Borough to pay debt service on bonds and notes. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":2,"text":"The \u201cCAP\u201d law does not limit the obligation of the Borough to levy ad valorem taxes upon all taxable property within the boundaries of the Borough to pay debt service on bonds and notes.  Deferral of Current Expenses","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":6,"text":" Supplemental appropriations made after the adoption of the budget and determination of the tax rate may be authorized by the governing body of a local unit, including the Borough, but only to meet unforeseen circumstances, to protect or promote public health, safety, morals or welfare, or to provide temporary housing or","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":10,"text":"public assistance prior to the next succeeding fiscal year. However, with certain exceptions described below, such appropriations must be included in full as a deferred charge in the following year's budget. Any emergency appropriation must be declared by resolution according to the definition provided in N.J.S.A. 40A:4-48, and approved by at least two-thirds of the full membership of the governing body and shall be filed with the Director. If","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":11,"text":"appropriations must be included in full as a deferred charge in the following year's budget. Any emergency appropriation must be declared by resolution according to the definition provided in N.J.S.A. 40A:4-48, and approved by at least two-thirds of the full membership of the governing body and shall be filed with the Director. If such emergency appropriations exceed three percent (3%) of the adopted operating budget, consent of the Director is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":13,"text":"approved by at least two-thirds of the full membership of the governing body and shall be filed with the Director. If such emergency appropriations exceed three percent (3%) of the adopted operating budget, consent of the Director is required. N.J.S.A. 40A:4-49. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":19,"text":"three (3) years, and (ii) the repair and reconstruction of streets, roads, bridges or other public property damaged by flood or hurricane, where such expense was unforeseen at the time of budget adoption, the repair and reconstruction of private property damaged by flood or hurricane, tax map preparation, re-evaluation programs, revision and codification of ordinances, master plan preparations, drainage map preparation for flood control purposes, studies","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":23,"text":"and planning associated with the construction and installation of sanitary sewers, authorized expenses of a consolidated commission, contractually required severance liabilities resulting from the layoff or retirement of employees and the preparation of sanitary and storm system maps, all of which projects set forth in this section (ii) may be amortized over five (5) years. N.J.S.A. 40A:4-53, -54, -55, -55.1. Emergency appropriations for capital","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":25,"text":"employees and the preparation of sanitary and storm system maps, all of which projects set forth in this section (ii) may be amortized over five (5) years. N.J.S.A. 40A:4-53, -54, -55, -55.1. Emergency appropriations for capital projects may be financed through the adoption of a bond ordinance and amortized over the useful life of the project as described above.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":29,"text":" Budget Transfers  Budget transfers provide a degree of flexibility and afford a control mechanism. Pursuant to N.J.S.A.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":31,"text":" Budget transfers provide a degree of flexibility and afford a control mechanism. Pursuant to N.J.S.A. 40A:4-58, transfers between major appropriation accounts are prohibited until the last two (2) months of the municipality\u2019s fiscal year. Appropriation reserves may be transferred during the first three (3) months of the current","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":32,"text":"Budget transfers provide a degree of flexibility and afford a control mechanism. Pursuant to N.J.S.A. 40A:4-58, transfers between major appropriation accounts are prohibited until the last two (2) months of the municipality\u2019s fiscal year. Appropriation reserves may be transferred during the first three (3) months of the current fiscal year to the previous fiscal year's budget. N.J.S.A. 40A:4-59. Both types of transfers require a two-thirds vote","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":33,"text":"40A:4-58, transfers between major appropriation accounts are prohibited until the last two (2) months of the municipality\u2019s fiscal year. Appropriation reserves may be transferred during the first three (3) months of the current fiscal year to the previous fiscal year's budget. N.J.S.A. 40A:4-59. Both types of transfers require a two-thirds vote of the full membership of the governing body. Although sub-accounts within an appropriation are not subject to the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":34,"text":"municipality\u2019s fiscal year. Appropriation reserves may be transferred during the first three (3) months of the current fiscal year to the previous fiscal year's budget. N.J.S.A. 40A:4-59. Both types of transfers require a two-thirds vote of the full membership of the governing body. Although sub-accounts within an appropriation are not subject to the same year-end transfer restriction, they are subject to internal review and approval. Generally, transfers cannot be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":35,"text":"fiscal year to the previous fiscal year's budget. N.J.S.A. 40A:4-59. Both types of transfers require a two-thirds vote of the full membership of the governing body. Although sub-accounts within an appropriation are not subject to the same year-end transfer restriction, they are subject to internal review and approval. Generally, transfers cannot be made from the down payment account, the capital improvement fund, contingent expenses or from other sources as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":37,"text":"same year-end transfer restriction, they are subject to internal review and approval. Generally, transfers cannot be made from the down payment account, the capital improvement fund, contingent expenses or from other sources as provided in the statute. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":18,"line":42,"text":" The same general principle that revenue cannot be anticipated in a budget in excess of that realized in the preceding year applies to property taxes. N.J.S.A 40A:4-29 sets limits on the anticipation of delinquent tax collections and provides that, \"[t]he maximum which may be anticipated is the sum produced by the multiplication","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":2,"text":"This provision requires that an additional amount (the \"reserve for uncollected taxes\") be added to the tax levy required to balance the budget so that when the percentage of the prior year's tax collection is applied to the combined total, the sum will at least equal the tax levy required to balance the budget. The reserve requirement is calculated as follows:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":3,"text":"levy required to balance the budget so that when the percentage of the prior year's tax collection is applied to the combined total, the sum will at least equal the tax levy required to balance the budget. The reserve requirement is calculated as follows: ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":7,"text":"Total of Local, County                                                   Cash Required from Taxes to Support and School Levies                       - Anticipated              =     Local Municipal Budget and Other Taxes  Amount to be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":10,"text":"Amount to be Cash Required from Taxes to Support Local Municipal Budget and Other Taxes =               Raised by Prior Year\u2019s Percentage of Current Tax Collection (or Lesser %)                            Taxation ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":13,"text":" N.J.S.A 40A:4-26 provides that, \"[n]o miscellaneous revenues from any source shall be included as an anticipated revenue in the budget in an amount in excess of the amount actually realized in cash from the same source during the next preceding fiscal year, unless the director shall determine upon application by the governing","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":14,"text":"N.J.S.A 40A:4-26 provides that, \"[n]o miscellaneous revenues from any source shall be included as an anticipated revenue in the budget in an amount in excess of the amount actually realized in cash from the same source during the next preceding fiscal year, unless the director shall determine upon application by the governing body that the facts clearly warrant the expectation that such excess amount will actually be realized in cash during","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":19,"text":" No budget or amendment thereof shall be adopted unless the Director shall have previously certified his approval of such anticipated revenues except that categorical grants-in-aid contracts may be included for their face amount with an offsetting appropriation. The fiscal years of such grants rarely coincide with a municipality's","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":20,"text":"No budget or amendment thereof shall be adopted unless the Director shall have previously certified his approval of such anticipated revenues except that categorical grants-in-aid contracts may be included for their face amount with an offsetting appropriation. The fiscal years of such grants rarely coincide with a municipality's calendar fiscal year. Grant revenues are fully realized in the year in which they are budgeted by the establishment of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":21,"text":"approval of such anticipated revenues except that categorical grants-in-aid contracts may be included for their face amount with an offsetting appropriation. The fiscal years of such grants rarely coincide with a municipality's calendar fiscal year. Grant revenues are fully realized in the year in which they are budgeted by the establishment of accounts receivable and offsetting reserves.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":22,"text":"amount with an offsetting appropriation. The fiscal years of such grants rarely coincide with a municipality's calendar fiscal year. Grant revenues are fully realized in the year in which they are budgeted by the establishment of accounts receivable and offsetting reserves. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":25,"text":" Debt Statements  The Borough must report all new authorizations of debt or changes in previously authorized debt to the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":27,"text":" The Borough must report all new authorizations of debt or changes in previously authorized debt to the Division through the filing of Supplemental and Annual Debt Statements. The Supplemental Debt Statement must be submitted to the Division before final passage of any debt authorization other than a refunding debt authorization.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":28,"text":"The Borough must report all new authorizations of debt or changes in previously authorized debt to the Division through the filing of Supplemental and Annual Debt Statements. The Supplemental Debt Statement must be submitted to the Division before final passage of any debt authorization other than a refunding debt authorization. Before the end of the first month (July 31) of each fiscal year of the Borough, the Borough must file an Annual Debt","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":29,"text":"Division through the filing of Supplemental and Annual Debt Statements. The Supplemental Debt Statement must be submitted to the Division before final passage of any debt authorization other than a refunding debt authorization. Before the end of the first month (July 31) of each fiscal year of the Borough, the Borough must file an Annual Debt Statement that is dated as of the last day of the preceding fiscal year (June 30) with the Division and with the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":30,"text":"be submitted to the Division before final passage of any debt authorization other than a refunding debt authorization. Before the end of the first month (July 31) of each fiscal year of the Borough, the Borough must file an Annual Debt Statement that is dated as of the last day of the preceding fiscal year (June 30) with the Division and with the Borough Clerk. This report is made under oath and states the authorized, issued and un-issued debt of the Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":32,"text":"Statement that is dated as of the last day of the preceding fiscal year (June 30) with the Division and with the Borough Clerk. This report is made under oath and states the authorized, issued and un-issued debt of the Borough as of the previous June 30. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowing. Even though the Borough's authorizations are within its debt limits, the Division is able to enforce State","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":33,"text":"Borough Clerk. This report is made under oath and states the authorized, issued and un-issued debt of the Borough as of the previous June 30. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowing. Even though the Borough's authorizations are within its debt limits, the Division is able to enforce State regulations as to the amounts and purposes of local borrowings.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":34,"text":"as of the previous June 30. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowing. Even though the Borough's authorizations are within its debt limits, the Division is able to enforce State regulations as to the amounts and purposes of local borrowings. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":37,"text":" Local Examination of Budgets (N.J.S.A. 40A:4-78(b))  Chapter 113 of the Laws of New Jersey of 1996 (N.J.S.A. 40A:4-78(b)) authorizes the Local Finance","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":40,"text":"Chapter 113 of the Laws of New Jersey of 1996 (N.J.S.A. 40A:4-78(b)) authorizes the Local Finance Board to adopt rules that permit certain municipalities to assume the responsibility, normally granted to the Director, of conducting the annual budget examination required by the Local Budget Law. Since 1997 the Local Finance Board has developed regulations that allow \u201celigible\u201d and \u201cqualifying\u201d municipalities to locally examine their","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":41,"text":"Board to adopt rules that permit certain municipalities to assume the responsibility, normally granted to the Director, of conducting the annual budget examination required by the Local Budget Law. Since 1997 the Local Finance Board has developed regulations that allow \u201celigible\u201d and \u201cqualifying\u201d municipalities to locally examine their budget every two (2) of three (3) years. Under the regulations prescribed by the Local Finance Board, the Borough is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":43,"text":"Board has developed regulations that allow \u201celigible\u201d and \u201cqualifying\u201d municipalities to locally examine their budget every two (2) of three (3) years. Under the regulations prescribed by the Local Finance Board, the Borough is ineligible for local examination of its budget. The Borough adopted its fiscal year 2010 budget in accordance with the procedures described under the heading entitled, \u201cFINANCIAL MANAGEMENT \u2013 Local Budget Law","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":44,"text":"budget every two (2) of three (3) years. Under the regulations prescribed by the Local Finance Board, the Borough is ineligible for local examination of its budget. The Borough adopted its fiscal year 2010 budget in accordance with the procedures described under the heading entitled, \u201cFINANCIAL MANAGEMENT \u2013 Local Budget Law (N.J.S.A. 40A: 4-1 et seq.)\u201d.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":19,"line":45,"text":"ineligible for local examination of its budget. The Borough adopted its fiscal year 2010 budget in accordance with the procedures described under the heading entitled, \u201cFINANCIAL MANAGEMENT \u2013 Local Budget Law (N.J.S.A. 40A: 4-1 et seq.)\u201d. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":2,"text":"CAPITAL IMPROVEMENT PROGRAM In accordance with the Local Budget Law, the Borough must adopt and may from time to time amend rules and regulations for capital budgets, which rules and regulations must require a statement of capital undertakings underway or projected for a period not greater than over the next ensuing six (6) years as a general improvement","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":3,"text":"In accordance with the Local Budget Law, the Borough must adopt and may from time to time amend rules and regulations for capital budgets, which rules and regulations must require a statement of capital undertakings underway or projected for a period not greater than over the next ensuing six (6) years as a general improvement program. The Capital Budget and Capital Improvement Program must be adopted as part of the annual budget","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":5,"text":"underway or projected for a period not greater than over the next ensuing six (6) years as a general improvement program. The Capital Budget and Capital Improvement Program must be adopted as part of the annual budget pursuant to N.J.A.C. 5:30-4. The Capital Budget does not by itself confer any authorization to raise or expend funds, rather it is a document used for planning. Specific authorization to expend funds for such purposes must be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":6,"text":"program. The Capital Budget and Capital Improvement Program must be adopted as part of the annual budget pursuant to N.J.A.C. 5:30-4. The Capital Budget does not by itself confer any authorization to raise or expend funds, rather it is a document used for planning. Specific authorization to expend funds for such purposes must be granted, by a separate bond ordinance, by inclusion of a line item in the Capital Improvement Section of the budget,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":7,"text":"pursuant to N.J.A.C. 5:30-4. The Capital Budget does not by itself confer any authorization to raise or expend funds, rather it is a document used for planning. Specific authorization to expend funds for such purposes must be granted, by a separate bond ordinance, by inclusion of a line item in the Capital Improvement Section of the budget, by an ordinance taking money from the Capital Improvement Fund, or other lawful means.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":8,"text":"funds, rather it is a document used for planning. Specific authorization to expend funds for such purposes must be granted, by a separate bond ordinance, by inclusion of a line item in the Capital Improvement Section of the budget, by an ordinance taking money from the Capital Improvement Fund, or other lawful means. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":16,"text":"data approach and capitalization of net income (where applicable). Current assessments are the result of maintaining new assessments on a \u201clike\u201d basis with established comparable properties for newly assessed or purchased properties resulting in a decline of the assessment ratio to true value to its present level. This method assures equitable treatment to like property owners. Because of the escalation of property resale values, annual adjustments","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":21,"text":" Upon the filing of certified adopted budgets by the Borough, the local school district and the County, the tax rate is struck by the County Board of Taxation based on the certified amounts in each of the taxing districts for collection to fund the budgets. The statutory provisions for the assessment of property, levying of taxes and the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":22,"text":"Upon the filing of certified adopted budgets by the Borough, the local school district and the County, the tax rate is struck by the County Board of Taxation based on the certified amounts in each of the taxing districts for collection to fund the budgets. The statutory provisions for the assessment of property, levying of taxes and the collection thereof are set forth in N.J.S.A. 54:4-1 et seq. Special taxing districts are permitted in New Jersey for","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":23,"text":"tax rate is struck by the County Board of Taxation based on the certified amounts in each of the taxing districts for collection to fund the budgets. The statutory provisions for the assessment of property, levying of taxes and the collection thereof are set forth in N.J.S.A. 54:4-1 et seq. Special taxing districts are permitted in New Jersey for various special services rendered to the properties located within the special district.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":44,"text":"The provisions of chapter 99 of the Laws of New Jersey of 1997 allow a municipality to sell its total property tax levy to the highest bidder either by public sale with sealed bids or by public auction. The purchaser shall pay the total property tax levy bid amount in quarterly installments or in one annual installment. Property taxes will continue to be collected by the municipal tax collector and the purchaser will receive as a credit against","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":45,"text":"property tax levy to the highest bidder either by public sale with sealed bids or by public auction. The purchaser shall pay the total property tax levy bid amount in quarterly installments or in one annual installment. Property taxes will continue to be collected by the municipal tax collector and the purchaser will receive as a credit against his payment obligation the amount of taxes paid to the tax collector. The purchaser is required to secure his","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":46,"text":"shall pay the total property tax levy bid amount in quarterly installments or in one annual installment. Property taxes will continue to be collected by the municipal tax collector and the purchaser will receive as a credit against his payment obligation the amount of taxes paid to the tax collector. The purchaser is required to secure his payment obligation to the municipality by an irrevocable letter of credit or surety bond. The purchaser is entitled to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":47,"text":"taxes will continue to be collected by the municipal tax collector and the purchaser will receive as a credit against his payment obligation the amount of taxes paid to the tax collector. The purchaser is required to secure his payment obligation to the municipality by an irrevocable letter of credit or surety bond. The purchaser is entitled to receive, all delinquent taxes and other municipal charges owing, due and payable upon collection by the tax","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":20,"line":48,"text":"his payment obligation the amount of taxes paid to the tax collector. The purchaser is required to secure his payment obligation to the municipality by an irrevocable letter of credit or surety bond. The purchaser is entitled to receive, all delinquent taxes and other municipal charges owing, due and payable upon collection by the tax collector. The statute sets forth bidding procedures, minimum bidding terms and requires the review and approval of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":21,"line":16,"text":"litigation of any nature now pending or threatened, restraining or enjoining the issuance or the delivery of the Bonds, or the levy or the collection of any taxes to pay the principal of or the interest on the Bonds, or in any manner questioning the authority or the proceedings for the issuance of the Bonds or for the levy or the collection of taxes, or contesting the corporate existence or the boundaries of the Borough or the title of any of the present officers.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":21,"line":17,"text":"or the levy or the collection of any taxes to pay the principal of or the interest on the Bonds, or in any manner questioning the authority or the proceedings for the issuance of the Bonds or for the levy or the collection of taxes, or contesting the corporate existence or the boundaries of the Borough or the title of any of the present officers. Moreover, to the knowledge of the Borough Attorney, no litigation is presently pending or threatened that, in the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":21,"line":20,"text":"Moreover, to the knowledge of the Borough Attorney, no litigation is presently pending or threatened that, in the opinion of the Borough Attorney, would have a material adverse impact on the financial condition of the Borough if adversely decided. A certificate to such effect will be executed by the Borough\u2019s Attorney and delivered to the purchases of the Bonds at the closing.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":21,"line":22,"text":"adversely decided. A certificate to such effect will be executed by the Borough\u2019s Attorney and delivered to the purchases of the Bonds at the closing.  TAX MATTERS","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":21,"line":28,"text":" Section 103(a) of the Internal Revenue Code of 1986, as amended (the \u201cCode\u201d) provides that interest on obligations such as the Bonds is not included in gross income for federal income tax purposes only if certain requirements are met. In its Certificate as to Arbitrage and Compliance with the Code (the \u201cTax Certificate\u201d), which","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":6,"text":"and extent of these other tax consequences will depend upon the recipient\u2019s particular tax status or other items of income or deduction. Bond Counsel expresses no opinion regarding any such consequences. Purchasers of the Bonds, particularly purchasers that are corporations (including S corporations and foreign corporations operating branches in the United States), property or casualty insurance companies, banks, thrifts or other financial institutions","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":7,"text":"income or deduction. Bond Counsel expresses no opinion regarding any such consequences. Purchasers of the Bonds, particularly purchasers that are corporations (including S corporations and foreign corporations operating branches in the United States), property or casualty insurance companies, banks, thrifts or other financial institutions and certain recipients of Social Security benefits, are advised to consult their own tax advisors as to the tax","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":8,"text":"Bonds, particularly purchasers that are corporations (including S corporations and foreign corporations operating branches in the United States), property or casualty insurance companies, banks, thrifts or other financial institutions and certain recipients of Social Security benefits, are advised to consult their own tax advisors as to the tax consequences of purchasing or holding the Bonds.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":9,"text":"branches in the United States), property or casualty insurance companies, banks, thrifts or other financial institutions and certain recipients of Social Security benefits, are advised to consult their own tax advisors as to the tax consequences of purchasing or holding the Bonds. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":14,"text":"of the Bonds so as to affect adversely the exclusion from gross income for federal income tax purposes of interest on the Bonds. Each purchaser of the bonds should consult his or her own advisor regarding any changes in the status of pending or proposed federal tax legislation. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":20,"text":"The Bonds will be designated as \u201cqualified tax \u2013exempt obligations\u201d under Section 265 of the Code by the Borough for an exemption from the denial of deduction for interest paid by financial institutions to purchase or to carry tax-exempt obligations. The Borough will furnish to the Underwriter (as hereinafter defined) at the time of delivery of any payment for the Bonds, a certificate executed by the Chief Financial Officer of the Borough","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":22,"text":"carry tax-exempt obligations. The Borough will furnish to the Underwriter (as hereinafter defined) at the time of delivery of any payment for the Bonds, a certificate executed by the Chief Financial Officer of the Borough designating the Bonds \u201cqualified tax-exempt obligations\u201d within the meaning of section 265(b)(3)(B)(ii) of the Code, and in such certificate the Borough will represent that is reasonably expects that, collectively, neither it nor its","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":27,"text":" The Code denies the interest deduction for certain indebtedness incurred by banks, thrift institutions and other financial institutions to purchase or to carry tax-exempt obligations. The denial to such institutions of one hundred percent (100%) of the deduction for interest paid on funds allocable to tax-exempt obligations applies to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":28,"text":"The Code denies the interest deduction for certain indebtedness incurred by banks, thrift institutions and other financial institutions to purchase or to carry tax-exempt obligations. The denial to such institutions of one hundred percent (100%) of the deduction for interest paid on funds allocable to tax-exempt obligations applies to those tax-exempt obligations acquired by such institutions after August 7, 1986. For certain issues, which are","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":36,"text":"in 2009 and 2010 are not taken into account for purposes of the denial of the interest deduction for certain indebtedness incurred by banks, thrift institutions and other financial institutions to purchase or to carry tax-exempt obligations, up to a maximum amount equal to 2% of the taxpayer\u2019s average adjusted bases of all its assets. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":22,"line":41,"text":" To ensure compliance with requirements imposed by the Internal Revenue Service, any purchaser of the Bond is hereby informed that (i) any U.S. Federal Tax advice contained in this offering material (including any attachments) written by Bond Counsel to the Borough, is not intended to be used, and it cannot be used by any","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":9,"text":" EACH PURCHASER OF THE BONDS SHOULD CONSULT HIS OR HER OWN ADVISOR REGARDING ANY CHANGES IN THE STATUS OF PENDING OR PROPOSED FEDERAL OR NEW JERSEY STATE TAX LEGISLATION, ADMINISTRATIVE ACTION TAKEN BY TAX AUTHORITIES, OR COURT DECISIONS.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":13,"text":" ALL POTENTIAL PURCHASERS OF THE BONDS SHOULD CONSULT WITH THEIR TAX ADVISORS IN ORDER TO UNDERSTAND THE IMPLICATIONS OF THE CODE. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":17,"text":"COMPLIANCE WITH SECONDARY MARKET DISCLOSURE REQUIREMENTS The Borough has covenanted for the benefit of bondholders to provide certain financial information and operating data on the Borough by no later than April 15 of each year, commencing April 15, 2011 and to comply with the provisions of Rule 15c2-12 (the \u201cRule\u201d) promulgated by the Securities and Exchange Commission pursuant","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":21,"text":"to the Securities Exchange Act of 1934, as amended and supplemented, and as detailed in Continuing Disclosure Certificate (the \u201cCertificate\u201d) to be executed on behalf of the Borough by its Chief Financial Officer, such Certificate to be delivered concurrently with the delivery of the Bonds. As of the date of this Official Statement, the Borough has made the filings required to comply with all previous undertakings under the Rule. This covenant is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":24,"text":"Borough has made the filings required to comply with all previous undertakings under the Rule. This covenant is being made by the Borough to assist the purchaser of the Bonds in complying with the Rule.  Effective July 1, 2009, all filings required to be made pursuant to the Rule shall be made, as required by the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":33,"text":"agencies thereof, all banks, bankers, trust companies, savings and loan associations, savings banks and institutional building and loan associations, investment companies, and other persons carrying on banking business, all insurance companies and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds of the Borough, including the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":45,"text":"permit the State or any political subdivision, pubic agency, or instrumentality that is insolvent or unable to meet its debts to file a petition in a court of bankrup0tcy for the purpose of effecting a plan to adjust its debts; directs such a petitioner to file with the court a list of petitioner\u2019s creditors; provides that a petition filed under this chapter shall operate as a stay of the commencement or continuation of any judicial or other proceeding against the petitioner;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":48,"text":"operate as a stay of the commencement or continuation of any judicial or other proceeding against the petitioner; grants priority to debt owed for services or material actually provided within three months of the filing of the petitions; directs a petitioner to file a plan for the adjustment of its debts; and provides that the plan must be accepted in writing by or on behalf of creditors holding at least two-thirds in amount or more than one-half in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://ptboro.com/wp-content/uploads/2014/10/Official-Financial-Statement-2010.pdf","source_label":"official-financial-statement-2010","page":23,"line":49,"text":"grants priority to debt owed for services or material actually provided within three months of the filing of the petitions; directs a petitioner to file a plan for the adjustment of its debts; and provides that the plan must be accepted in writing by or on behalf of creditors holding at least two-thirds in amount or more than one-half in number of the listed creditors. The 1976 Amendments were incorporated into the Bankruptcy Reform Act of 1978","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."}]