[Amended 3-6-1990 by Ord. No. 2033]
There is hereby established and created the position of Chief Financial Officer, which shall be hereinafter called the "Financial Officer."
[Adopted 5-7-1974 by Ord. No. 1533 (Ch. 49, Art. IV, of the 1979 Code)]
[Amended 3-6-1990 by Ord. No. 2033; 11-13-2000 by Ord. No. 2293]
The Chief Financial Officer shall be appointed by the City Council pursuant to the provisions of N.J.S.A. 40A:9-140.10 which provides that the Chief Financial Officer shall be appointed by the governing body of the municipality. The Chief Financial Officer shall be appointed for a term of four years which shall run from January 1 in the year in which the Chief Financial Officer is appointed. The Chief Financial Officer shall, at all times, serve at the pleasure of the City Council, except that any person who has served as the Chief Financial Officer for four consecutive years and who is reappointed as Chief Financial Officer shall be granted tenure of office upon filing with the Clerk of the municipality and with the Division of Local Government Services in the Department of Community Affairs, a notification evidencing his compliance with this section. Thereafter, the person shall continue to hold office and may only be removed in accordance with the provisions and requirements of N.J.S.A. 40A:9-140.8.
[Amended 5-20-1980 by Ord. No. 1723; 11-13-2000 by Ord. No. 2293]
The Chief Financial Officer shall receive an annual salary to be determined from time to time by the City Council in the Salary Ordinance[1] as full compensation for all services rendered on all matters herein provided.
[1]
Editor's Note: The current Salary Ordinance is on file in the office of the City Clerk.
[Amended 3-6-1990 by Ord. No. 2033]
No person shall be appointed Financial Officer unless he shall be a fit person, possess a background in accounting and hold a valid municipal finance officer certificate issued pursuant to P.L. 1971, c. 413, or P.L. 1988, c. 110 (N.J.S.A. 40A:9-140.1 et seq.), on or before August 22, 1988, or was otherwise tenured pursuant to P.L. 1977, c. 39, or N.J.S.A. 40A:9-152.
The duties of the Financial Officer shall consist of:
A.
Preparation and filing of annual debt statement and supplemental debt statements required during the year.
B.
Preparation and filing of annual financial report.
C.
Preparation of budget worksheets incidental to the preparation of the annual municipal budget.
D.
Preparation of the annual municipal budget.
E.
Attendance at public hearings concerning the introduction and the adoption of annual municipal budgets.
H.
Preparation of monthly reports relative to the balances in the appropriation ledgers pertaining to expenditures and unexpended balances.
I.
Preparation of monthly reports concerning revenue received.
J.
Handling of all financial details involving temporary financing.
K.
Recommendations concerning the investment of idle funds and supervision thereof.
L.
Attendance at caucus meetings upon request of the City Manager or City Council.
M.
Closing out general ledgers at the end of each calendar year.
N.
Preparation of all reports required by the federal government pertaining to federal revenue sharing.
O.
Preparation of all financial resolutions pertaining to transfers, emergency resolutions and Chapter 159 resolutions.
P.
Preparation of temporary budgets required at the beginning of each year.
Q.
Preparation of all new and permanent bonding, including the preparation of the financial brochure that may be required.
R.
Preparation of any accounting or financial services that may be requested in any litigated matters.
S.
Preparation and revision of water rates and any other revenues that require attention and/or revision.
T.
Preparation of any financial services that may be reasonably requested by the Municipal Manager or City Council.