A Special Meeting of the Township Committee of the Township of Cranbury was held at 4:30 p.m. in the Town Hall Meeting Room. Answering present to the roll call was: Township Committee members: Richard Stannard, David J. Stout and Mayor Thomas Panconi, Thomas C. Witt, Administrator and Kathleen R. Cunningham, Clerk. Ms. Stave and Mr. Wittman were absent. Mayor Panconi led in the salute to the flag and Ms. Cunningham gave the following Open Public Meetings Act statement:

In accordance with Section 5 of the Open Public Meetings Act, it is hereby announced and shall be entered into the minutes of this meeting that adequate notice of this meeting has been provided:

(1) Posted on October 25, 2006 on the Bulletin Board of the Municipal

Office at 23-A North Main Street, Cranbury, New Jersey and remains posted at that location.

(2) Communicated to the Cranbury Press, Home News Tribune and Trenton Times on October 25, 2006.

(3) Was filed on October 25, 2006 with a Deputy Municipal Clerk at the Cranbury Municipal Office, 23-A North Main Street, Cranbury, New Jersey and remains on file for public inspection, and

(4) Sent to those individuals who have requested personal notice.

Resolution

Mr. Stout stated he had the opportunity to speak with the C.F.O., Denise Marabello, to get a better understanding of what the transfers were for. Mr. Stout explained, the Resolution is not asking for any increases in the Budget, however, the larger numbers represent the principal and interest payments on notes and for properties the Township has been unable to sell due to pending litigation. Mr. Stout further explained, Health insurance premiums increased and social security payments had to be made for unanticipated overtime. Also, legal expenses were around $12,000 per month; $140,000 to date. Mr. Witt, Administrator, added any of the monies in the Resolution that is not spent this year will go directly to the Township’s surplus account. Mr. Stannard added, the Resolution was very well itemized and shows exactly where every dollar is going. On motion offered by Mr. Stannard, seconded by Mr. Stout, the following resolution was adopted by vote:

Ayes: (Panconi Abstain: (None

(Stannard Absent: (Stave & Wittman

(Stout

Nays: (None

Cranbury Township Resolution # R 11-06-137

RESOLUTION OF THE TOWNSHIP OF CRANBURY, NJ

A RESOLUTION AUTHORIZING YEAR 2006 BUDGET TRANSFERS.

WHEREAS, there are 2006 Budget Accounts which require more funding due to circumstances not known at the beginning of the year; and

WHEREAS, there will be excess balances in budget accounts in which the expenditures will be less than projected at the beginning of the year,

And

Cranbury Township Resolution # R 11-01-137

(Continued)

NOW, THEREFORE BE IT RESOLVED by the Township Committee of the Township of Cranbury, that the following year 2006 Budget Transfers be authorized and made on the records and accounts of the Township:

Budget Account From To

6-01-20-145-011 Tax Collection S&W $10,000

6-01-31-455-011 Sewer S&W $6,700

6-01-20-110-011 Township Committee S&W $1,000

6-01-22-205-011 HPC S&W $400

6-01-20-150-011 Tax Assessment S&W $1,000

6-01-21-185-011 Zoning S&W $8,600

6-01-21-180-011 Planning S&W $4,000

6-01-26-310-011 Public Buildings S&W $2,000

6-01-27-340-011 Animal Control S&W $700

6-01-28-370-011 Recreation S&W $1,000

6-01-42-306-025 Recycling OE $26,000

6-01-42-455-025 MCUA OE $25,000

6-01-43-490-025 Municipal Court OE $25,000

6-01-25-255-025 Aid to Volunteer Fire OE $75,000

6-01-21-181-025 Master Plan OE $31,000

6-01-31-435-600 Street Lighting OE $16,000

6-01-31-430-375 Electric-Parks OE $12,000

6-01-31-430-240 Electric-Police OE $15,000

6-01-26-290-025 Roads OE $18,000

6-01-31-460-240 Motor Fuel-Police OE $20,100

6-01-31-460-290 Motor Fuel-PW OE $12,900

6-01-26-315-242 Vehicle Police OE $7,000

6-01-45-925-028 Principal Payment on Notes $51,000

6-01-45-935-032 Interest on Notes OE $96,000

6-01-31-440-100 Telephone-Admin OE $1,000

6-01-31-440-240 Telephone-Police OE $3,000

6-01-27-340-025 Animal Control OE $1,000

6-01-23-220-650 Group Insurance-DentalOE $1,000

6-01-23-220-655 Group Insurance-Health OE $22,000

6-01-20-135-310 Audit OE $1,000

6-01-20-130-025 Finance OE $14,000

6-01-20-145-025 Tax Collection OE $3,000

6-01-25-256-025 LOSAP OE $6,825

6-01-26-315-301 Vehicle-Roads OE $7,000

6-01-36-472-670 Social Security OE $36,175

6-01-20-155-025 Legal OE $40,000

BE IT FURTHER RESOLVED that a copy of this Resolution, certified by the Township Clerk to be a true copy forwarded to each of the following:

(a) Township Auditor

(b) Township Chief Financial Officer

Cranbury Township Resolution # R 11-01-137

(Continued)

CERTIFICATION

I, Kathleen R Cunningham, Clerk of the Township of Cranbury, NJ, hereby certify that the above is a true copy of Resolution adopted by the Township Committee of the Township of Cranbury at a regular meeting on November 1, 2006.

_________________________

Kathleen R Cunningham, Clerk

Public Comment

The Mayor opened the meeting to public questions and comments on those items not on the agenda. There being no comments, the Mayor closed the public part of the meeting.

On motion by Mr. Stannard, seconded by Mr. Stout and unanimously carried, the meeting adjourned at 4:38 p.m.

________________________

Kathleen R. Cunningham, Clerk