There is hereby created within the Table of Organization of the Borough of Roselle a Department of Finance, the head of which shall be a Chief Financial Officer, pursuant to N.J.S.A. 40A:9-140.10 et seq.
Within the Department of Finance shall be the functions of payroll, accounts receivable and tax collection.
A. 
Creation. Pursuant to N.J.S.A. 40A:9-140.1 et seq., there is hereby created the position of Chief Financial Officer of the Borough.
B. 
Qualifications. The Chief Financial Officer shall be required to have a Municipal Finance Officer certification issued pursuant to the provisions of N.J.S.A. 40A:9-140.1 et seq.
C. 
Compensation. The compensation for this officer shall be fixed in the Salary Ordinance.
D. 
Term of office. Pursuant to N.J.S.A. 40A:9-140.10, the term of office shall be four years commencing January 1 of the year of appointment.
E. 
Powers and duties.
(1) 
The Chief Financial Officer shall be responsible for carrying out the duties set forth in N.J.S.A. 52:27BB-26 et seq.
(2) 
The Chief Financial Officer shall:
(a) 
Receive funds entrusted, received or under the control of any department and deposit all funds received by him in depositories authorized by the governing body by resolution.
(b) 
Have custody of all investments and invested funds of the Borough or in possession of the Borough in a fiduciary capacity, except as otherwise provided by law, and keep such funds and all moneys of the Borough not required for current operations safely invested or deposited in interest-bearing accounts.
(c) 
Have the safekeeping of all bonds and notes of the Borough and the receipt and delivery of the Borough bonds and notes for transfer, registration or exchange.
(d) 
Keep a full account of all case receipts and disbursements of the Borough and at least once each month, or more often if the governing body requires, furnish the governing body with a statement of all moneys received and expended by him/her.
(e) 
Be responsible to carry out all duties and functions provided for in N.J.S.A. 40A:9-1 et seq. and shall perform such duties as the Mayor and Council may direct.