[Adopted 5-11-1988 by Ord. No. 88-11R (Ch. 5 of the 1971 Code); amended in its entirety 7-12-1989 by Ord. No. 89-09R]
[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 article.
C. 
The CFO shall be entitled to acquire tenure in that position in accordance with Title 40A of the New Jersey Statutes Annotated.
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. 5:30-5.3.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II)]
L. 
Supervise the collection and deposit of revenues collected by all Borough departments.
M. 
Prepare payrolls in accordance with the salary ordinance,[1] resolutions and/or contracts approved by the Mayor and Council and prepare and ensure the filing of all pension and tax reports.
[1]
Editor's Note: See Ch. 86, Salaries and Compensation.
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 Administration and 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]
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II)]
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.[1]
[1]
Editor's Note: See Ch. 86, Salaries and Compensation.
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.