There is hereby created in the Borough of Maywood
the position of Chief Financial Officer, pursuant to the authority
of N.J.S.A. 40A:9-140.1 et seq.
The Chief Financial Officer shall be appointed
by the Mayor with the advice and consent of the Council and shall
be compensated in accordance with the salary established by the Mayor
and Council in the Salary Ordinance published annually by the borough. The Chief Financial Officer shall serve a term of four
years, which shall run from January 1 in the year of appointment,
unless the Officer shall have been granted tenure of office upon reappointment
in accordance with N.J.S.A. 40A:9-140.8.
The Chief Financial Officer shall supervise
and perform all professional functions associated with the municipal
finance requirements of the Borough of Maywood, as required by law,
by the Division of Local Government Services and as may be reasonably
directed by the Mayor and Council. Such duties shall include but not
be limited to the following tasks, which tasks may be added to or
deleted by the Mayor and Council in accordance with law:
A. Maintain and post all ledgers for all operating and
capital accounts of the borough.
B. Prepare and file the annual debt statement and supplemental
debt statements required during the year.
C. Prepare budget worksheets incidental to the preparation
of the annual municipal budget.
D. Prepare the annual municipal budget.
E. Prepare monthly reports concerning revenues, expenditures
and balances.
F. Plan and maintain uniform accounting, internal auditing
and evaluation systems.
G. Serve as the Borough Treasurer.
H. Prepare labor negotiation cost studies as required.
I. Make recommendations concerning the investment of
idle funds and the supervision thereof.
J. Prepare all financial resolutions required by law
pertaining to the transfer of funds and emergencies.
K. Prepare the temporary budget required at the beginning
of each fiscal year.
L. Prepare accounting or other financial services required
for litigated matters.
M. Administer details and legal requirements upon the
sale of municipal indebtedness, by bond, bond anticipation notes or
tax anticipation notes.
N. Advise the Mayor and Council and the Borough Administrator
regarding trends, anticipated difficulties, problems, suggestions
for remedial actions and all other matters relating to the municipal
finance affairs of the borough.
The Chief Financial Officer shall fully comply
with the requirements for education and certification set forth in
N.J.S.A. 40A:9-140.13 to 40A:9-140.15, as amended.