[Adopted 2-21-1989 by Ord. No. 414; amended in its entirety 4-18-2011 by Ord. No. 658]
The statute (N.J.S.A. 40A:9-140.10 et seq.) provides for certification of finance officers and establishes the position, qualifications, and duties of the Chief Financial Officer for municipal governments. It defines the responsibility of the Chief Financial Officer and clarifies the requisite experience and educational requirements. It also prohibits a member of the local governing body from serving as Chief Financial Officer in the municipality and provides that tenure for a Chief Financial Officer will occur after four years.
The municipality is not required to adopt a separate ordinance creating the position of Chief Financial Officer. However, the municipality must adopt a salary ordinance establishing a salary for the position.