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BOROUGH OF LAKEHURST WORK SESSION/REGULAR MEETING OCTOBER 20, 2011 TENTATIVE AGENDA1. Approval of Minutes of October 6, 2011 Regular Meeting 2. Resolutions authorizing payment of bills 3. Resolution
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01
Identify the need for payment authorization resolution.
02
Determine the amount of payment needed to be authorized.
03
Draft a resolution document including the amount, purpose, and other relevant details.
04
Get the resolution approved by the appropriate authorities or stakeholders.
05
Record the resolution in the official records for future reference.

Who needs resolutions authorizing payment of?

01
Companies or organizations that need to authorize payments for expenses, salaries, or other financial matters.
02
Board members or executives who have the authority to approve payments on behalf of the company.
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Resolutions authorizing payment are formal documents that allow an organization to make payments for services rendered, goods received, or other financial obligations.
Typically, the designated authority within an organization, such as the finance department or board members, are required to file resolutions authorizing payments.
To fill out resolutions authorizing payment, include the date, involved parties, a clear statement of the payment purpose, the amount to be authorized, and obtain signatures from the required approvers.
The purpose of resolutions authorizing payment is to provide a formal record that financial transactions have been approved, ensuring accountability and proper financial management.
Information that must be reported includes the date of the resolution, parties involved, payment amount, purpose of payment, and signatures of authorized individuals.
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