There is hereby created and established the office of Treasurer.
The Treasurer, before entering upon the duties of his office,
shall give bond to the Borough in accordance with the provisions of
N.J.S.A. 40A:5-34.
The Mayor shall nominate and, with the advice and consent of
the Council, appoint the Treasurer, including the filling of vacancy
in such office, which shall be for the expired term only.
The term of office of the Treasurer shall be for one year, commencing
on January 1 of the year of appointment and terminating on December
31 of the same year, and until a successor shall have been appointed
and qualified. Whenever a person has or shall have held the office
of Municipal Treasurer for 10 consecutive years, the governing body
of the municipality may grant tenure in office to such person.
The duties of the Treasurer shall be to keep and maintain books
and records of all financial transactions of the Borough in accordance
with the standards and requirements of the State Division of Local
Government. The Treasurer shall have custody of all public moneys
of the Borough and shall make monthly reports of all receipts, expenditures,
commitments and unencumbered appropriation balances.
The compensation of the Treasurer shall be fixed from time to
time by ordinance or resolution of the Borough Council.