N.J. Stat. § 40A:4-2
The following words, as used in this chapter, shall have the following meanings unless the context clearly indicates a different meaning:
"budget" means the budget of a local unit.
"cash basis budget" means a budget prepared in accordance with this chapter, and in such form that based on the limitations, percentages and estimates hereinafter provided there will be sufficient cash collected to meet all debt service requirements, necessary operations of the local unit for the fiscal year and, in addition, provide for any mandatory payments required to be met during the fiscal year.
"county board" means the county board of taxation.
"debt service" means the payment by the local unit of the principal and interest on the obligations issued by it, whether permanent or temporary.
"governing body" means the board of chosen freeholders of a county, or the commission, council, board or body having control of the finances of a municipality.
N.J.S. § 40A:4-2