Pursuant to N.J.S.A. 52:27BB-26 et seq., the Chief Financial
Officer shall oversee financial operations of the Borough. The Chief
Financial Officer shall:
A. Receive funds entrusted, received or under the control of any department
and deposit all funds received by him or her in depositories authorized
by the Governing Body by resolution.
B. Have custody of all investments and invested funds of the Borough
or in possession of the Borough in a fiduciary capacity, except as
otherwise provided by law, and keep such funds and all moneys of the
Borough not required for current operations safely invested or deposited
in interest-bearing accounts.
C. Have the safekeeping of all bonds and notes of the Borough and the
receipt and delivery of the Borough bonds and notes for transfer,
registration or exchange.
D. Aid and
guide in the preparation of the annual Borough budget by requiring
and receiving appropriation requests from heads of departments and
reviewing such requests with the appropriate department liaison of
the Council concerned and submit his or her recommendations to the
appropriate department liaison in time to be considered by the Governing
Body in its final preparation of the annual budget.
E. Review,
recommend, implement and enforce the financial procedures and policy
of the Borough and its departments after consultation with the appropriate
department liaison and department heads.
F. Possess the authority to act as Borough Administrator in the absence or disability of the Borough Administrator and Borough Clerk as described in §
40-36B of the Code of the Borough of Westwood.
G. Perform all duties of such office as prescribed by law.
The Chief Financial Officer shall receive compensation as provided
in the current Salary Ordinance and in accordance with N.J.S.A. 40A:9-165.
The Deputy Chief Financial Officer shall receive compensation
as provided in the current Salary Ordinance of the Borough.