[Amended 12-11-1991 by Ord. No. 91-16R]
A. There is hereby created the office of Chief Financial
Officer/Treasurer of the Borough (CFO). The CFO shall, prior to his
or her appointment, be not less than 21 years old, be a citizen of
the United States, be of good moral character, hold a certificate
or diploma after at least four years in an approved secondary school
or have received an academic education considered and accepted by
the Commissioner of Education as fully equivalent, have graduated
from a four-year course of study at a college of recognized standing
with a major course of study in business administration, accounting
or equivalent subject or have otherwise qualified to be certified
as a municipal finance officer pursuant to N.J.S.A. 40A:9-140.1 et
seq. and hold a municipal finance officer certificate as provided
in N.J.S.A. 40A:9-140.1 et seq., or be otherwise qualified pursuant
to N.J.S.A. 40A:9-140.1.
B. If the CFO does not possess the college degree required
under this section, he or she may qualify by furnishing proof of four
years of full-time experience in any one of the positions set forth
in N.J.S.A. 40A:9-140.2. An applicant who does not possess four years
of full-time experience in such a position may substitute one full
year of college education (30 college credits) for one year of experience
up to a maximum of two full years of college education (60 college
credits). The applicant shall also be obligated to qualify pursuant
to all other requirements of N.J.S.A. 40A:9-140.2.
[Amended 12-28-1999 by Ord. No. 99-25R]
A. The CFO shall be appointed by the Mayor with the consent
of the Council for a term of four years, which term shall run from
January 1 in the year in which the CFO is appointed.
B. The CFO shall receive a salary fixed by ordinance
and/or resolution adopted by the Mayor and Council from time to time.
Said salary shall constitute compensation for all services set forth
in this section.
C. The CFO shall be entitled to acquire tenure in that
position in accordance with Title 40A of the New Jersey Revised Statutes.
The CFO shall, under the supervision of the
Mayor, Borough Council and Borough Administrator:
A. Have, exercise and discharge the functions provided
for by general law, the specific general laws being N.J.S.A. 40A:9-152
et seq., as amended.
B. Have custody of all funds belonging to or under control
of the Borough or any department, office or agency of the Borough.
C. Deposit all funds received in such depositories as
may be designated by resolution of the Mayor and Council and according
to law.
D. Have, exercise and discharge the functions, powers
and duties set forth under N.J.S.A. 52:27BB-26 et seq.
E. Describe, develop, maintain, approve and enforce all
financial systems and procedures and install all uniform charts of
accounts for all departments of the Borough.
F. Make revenue and expenditure estimates for the Mayor
and Council and provide monthly and annual reports as to the actual
revenues and expenditures.
G. Maintain the Borough accounts and records.
H. Control all expenditures within the limits of appropriations
and ensure compliance with the Single Audit Act of 1983.
I. Preaudit bills and claims.
J. Supervise the billing of funds owed to the Borough
by third parties.
K. Certify availability of funds in accordance with N.J.A.C.
5:30-14.5.
L. Supervise the collection and deposit of revenues collected
by all Borough departments.
M. Prepare payrolls in accordance with the salary ordinance, resolutions and/or contracts approved by the Mayor and
Council and prepare and ensure the filing of all pension and tax reports.
N. Have the safekeeping and custody of all municipal
securities, investments and bonds in the Borough.
O. Supervise financial proceedings for the issuance of
municipal bonds or notes of the Borough, subject to the requirements
of law, ordinance or resolution.
P. Invest and reinvest surplus or idle funds of the Borough.
Q. Promptly pay interest and principal on municipal obligations
as they fall due.
R. Perform such other duties as may be required by the
Mayor and Council, the Administrator or the Finance Committee.
S. Countersign checks and deposits relating to funds
held in trust by any entity, agency or instrumentality of the Borough.
[Added 12-30-2003 by Ord. No. 03-24R]
The CFO shall receive such compensation as shall
be fixed by the Mayor and Council by ordinance, and the CFO may enter
into a contract with the Borough formalizing the terms of employment
and compensation so long as none of the provisions of said contract
are contrary to state statute or this Chapter.
The CFO shall be subject to removal from office
in the event that the CFO's municipal finance officer certificate
is revoked pursuant to N.J.S.A. 40A:9-140.1 et seq. or for other good
cause as provided by and in accordance with New Jersey law.