[HISTORY: Adopted by the City Council of the City of Englewood 10-18-2011 by Ord. No.
11-14. Amendments noted where applicable.]
The use of a servicer for payment of payroll agency claims is
hereby authorized. The servicer shall be permitted to perform the
following tasks:
A.
The Chief
Financial Officer is hereby designated as the approval officer responsible
for authorizing and supervising activities of the servicer/disbursing
organization. [N.J.S.A. 40A:5-17(a)(1)].
B.
The duties
of the approval officer shall include the reconciliation and analysis
of all general ledger accounts affected by the activities of the servicer/disbursing
organization.
C.
The approval
officer shall be authorized to enter into an agreement with the disbursing
organization/servicer that will allow holding of funds pending transmittal
of those funds to a payee. The disbursing organization/servicer shall
be authorized to hold the funds pending transmittal to a payee.
The City specifically adopts, as if set forth at length and
verbatim, all requirements of N.J.A.C. 5:30-17.1 et seq.