City of Englewood, NJ
Bergen County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the City Council of the City of Englewood 10-18-2011 by Ord. No. 11-14. Amendments noted where applicable.]

§ 54-1 Use of servicer for payment of claims.

The use of a servicer for payment of payroll agency claims is hereby authorized. The servicer shall be permitted to perform the following tasks:
A. 
Date of collection;
B. 
Servicer report preparation;
C. 
Calculation of withholding;
D. 
Direct deposit of payroll disbursements; and
E. 
Municipal transfer of funds to disbursing organization's account for subsequent payment.

§ 54-2 Approval officer.

A. 
The Chief Financial Officer is hereby designated as the approval officer responsible for authorizing and supervising activities of the servicer/disbursing organization. [N.J.S.A. 40A:5-17(a)(1)].
B. 
The duties of the approval officer shall include the reconciliation and analysis of all general ledger accounts affected by the activities of the servicer/disbursing organization.
C. 
The approval officer shall be authorized to enter into an agreement with the disbursing organization/servicer that will allow holding of funds pending transmittal of those funds to a payee. The disbursing organization/servicer shall be authorized to hold the funds pending transmittal to a payee.

§ 54-3 State standards.

The City specifically adopts, as if set forth at length and verbatim, all requirements of N.J.A.C. 5:30-17.1 et seq.