MARCH 9, 2010

Township of Medford

RESOLUTION 83-2010

AUTHORIZING THE CANCELLATION OF CERTAIN GRANT FUND

RECEIVABLE BALANCES AND RESERVE BALANCES

WHEREAS, the Township of Medford participated in various grant projects funded through an estimated “cost-share” grant reimbursement program based on an approximate scope of service; and

WHEREAS, the completion of certain grant projects resulted in a decrease of the projected program costs creating open balances; and

WHEREAS, there currently exists on the Grant Fund Balance Sheet certain receivables and reserve balances including the local cost-share; and

WHEREAS, it is necessary to formally cancel the following receivables and the offsetting appropriations and appropriation reserve balances from the Grant Fund Balance Sheet:

GRANT

DESCRIPITION BALANCE

Over the Limit Under Arrest Year End Statewide Crackdown:

Grant Portion (9-02-41-756-000-111) $ 813.16

NOW, THEREFORE, BE IT RESOLVED by the Township Council of the Township of Medford that the above referenced amount(s) be canceled for reasons set forth and the Chief Financial Officer is authorized to remove same from records.

I hereby certify that the foregoing is a true copy of a Resolution adopted by the Township Council of the Township of Medford at a meeting held on the 9th day of March, 2010.

TOWNSHIP OF MEDFORD

By _________________________________

Mary Lou Bergh, Deputy Township Clerk