[Adopted 2-28-1989 as Ord. No. 89-3 (Ch. 2, Art. 6, of the Revised Ordinances of 1972); amended in its entirety at time of adoption of Code; Amended 5-13-1997 by Ord. No. 97-8]
The position of Chief Financial Officer in and for the Borough of Hillsdale is hereby created.
The Chief Financial Officer shall not be a member of the governing body.
Unless sooner removed in accordance with N.J.S.A. 40:87-15,[1] the Chief Financial Officer shall be appointed for a term of four years and shall serve until the appointment and qualification of a successor.
[1]
Editor's Note: N.J.S.A. 40:87-15 was repealed by L. 1987, c. 379. See now N.J.S.A. 40A:60-5.
No person shall be appointed or reappointed as a Chief Financial Officer unless he or she holds a Certified Municipal Finance Officer's certificate.
The duties and responsibilities of the Chief Financial Officer shall be:
A. 
To make provision for modernized practices of fiscal administration in the Borough of Hillsdale by carrying out all the responsibilities as set forth in N.J.S.A. 52:27BB-26 et seq.
B. 
To supervise the disbursement of all Borough funds and approve of all vouchers and bills before submitting the same to the Borough Council for final approval.
C. 
To analyze the cash needs of the Borough and recommend prudent investment of such funds as temporarily may be in excess of the amount needed to meet Borough obligations.
D. 
To maintain a continuing review and analysis of budget operations, work programs and cost of municipal services.
E. 
At the close of the year, to prepare an annual report on the condition of the Borough's finance activity to the Mayor and Council.