[HISTORY: Adopted by the Borough Council of the Borough of Glen Rock as indicated in article histories. Amendments noted where applicable.]
[Adopted 6-25-2008 by Ord. No. 1575]
The use of a servicer for payment of payroll agency claims is hereby authorized. The servicer shall be permitted to perform the following tasks:
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)].
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.
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.
The Borough specifically adopts, as if set forth at length and verbatim, all requirements of N.J.A.C. 5:30-17.1 et seq.