Town of Boonton, NJ Article I Department of Finance

[Adopted 12-17-1990 as Sec. 2-11 of the 1990 Code]

§ 27-1 Established.

There shall be a Department of Finance, the head of which shall be the Chief Financial Officer.

§ 27-2 Financial officers; terms; salaries.

[Amended 12-16-2019 by Ord. No. 22-2019]

There is hereby created the position of Chief Financial Officer of the Town of Boonton. The Chief Financial Officer shall be appointed by the Mayor and Town Council[1] for a two-year term commencing on January 1 of the year in which he is appointed. The Mayor and Town Council may appoint such Assistant or Deputy Municipal Finance Officers as they see fit. The salaries of the Chief Financial Officer and any assistants or deputies appointed hereunder shall be set by the Mayor and Town Council by ordinance.[2] Any Financial Officer appointed pursuant to this section shall be subject to the requirements set forth in N.J.S.A. 40A:9-140.1 et. seq.

[1] Editor's Note: Ord. No. 02-21, adopted 2-16-2021, changed the name of the governing body from Board of Aldermen to Town Council and the name of its members from Alderman and Aldermen to Council Member and Council Members, respectively. See Ch. 55, Art. I.

[2] Editor's Note: A copy of the Salary Ordinance is on file in the office of the Town Clerk.

§ 27-3 Duties of Chief Financial Officer.

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 Mayor and Town Council[1] by resolution.

[1] Editor's Note: Ord. No. 02-21, adopted 2-16-2021, changed the name of the governing body from Board of Aldermen to Town Council and the name of its members from Alderman and Aldermen to Council Member and Council Members, respectively. See Ch. 55, Art. I.

B. Have custody of all investments and invested funds of the Town or in possession of the Town in a fiduciary capacity, except as otherwise provided by law, and keep such funds and all moneys of the Town not required by current operations safely invested or deposited in interest bearing accounts.

C. Have the safekeeping of all bonds and notes of the Town and the receipt and delivery of Town bonds and notes for transfer, registration or exchange.

D. Keep a full account of all cash receipts and disbursements of the Town; and at least once each month, furnish the Mayor and Town Council[2] with a statement of all moneys received and expended by him.

[2] Editor's Note: Ord. No. 02-21, adopted 2-16-2021, changed the name of the governing body from Board of Aldermen to Town Council and the name of its members from Alderman and Aldermen to Council Member and Council Members, respectively. See Ch. 55, Art. I.

E. Prepare and submit such other reports or statements as may be requested by the Mayor and Town Council.[3]

[3] Editor's Note: Ord. No. 02-21, adopted 2-16-2021, changed the name of the governing body from Board of Aldermen to Town Council and the name of its members from Alderman and Aldermen to Council Member and Council Members, respectively. See Ch. 55, Art. I.