What action is needed to implement a temporary budget during the fiscal year?

To implement a temporary budget during the fiscal year, a resolution by the governing body is essential. This legal document outlines the temporary budget parameters, authorizing the expenditure of funds before the adoption of a permanent budget. It ensures that the municipality can continue to meet its obligations and maintain operations during the interim period.

A resolution formalizes the governing body's intent and provides a clear mechanism for managing the municipality's finances effectively. It is a required procedural step, aligning with statutory requirements governing municipal finance in New Jersey, specifically allowing for necessary expenditures while the final budget is still under review and approval.

Establishing a temporary budget is crucial for municipalities facing timing issues with their full budget processes, helping ensure they remain operationally functional without interruptions in funding for essential services.