The Council may appoint a Borough Treasurer, may direct another
Borough officer to serve in that capacity, or may combine the office
of Treasurer with other appropriate offices to create a Department
or Office of Finance. Either an individual or a bank may serve as
appointed Treasurer. Councilmen, the Mayor, the elected Borough Auditors
and accountants named as Independent Auditors pursuant to § 1612
of this Charter shall be ineligible to serve as Treasurer during their
respective terms of office. The Treasurer shall serve at the pleasure
of the Council.
The Treasurer shall be appointed on the basis of qualification
and experience in financial matters. The Treasurer, if an individual,
shall be a citizen of the United States at least 21 years of age,
shall have at least two years' professional experience in the field
of finance, and shall have been a resident of the Borough for at least
three years next prior to his appointment.
The Borough Treasurer shall be the chief fiscal officer of the
Borough. He shall:
1.
Receive from the Tax Collector, account for, and deposit into the
Borough treasury, all taxes, fees, funds, assessments or charges that
are levied, established or received by the Borough for general or
special purposes. Such deposits shall be made not later than the first
business day following the day in which the funds are received.
2.
Disburse Borough funds pursuant to authorizations for payment made
by the Council as provided in this Charter.
3.
Arrange for temporary investments of Borough funds and make such
other investments as shall be directed by the Council.
4.
Deposit the funds of the Borough in various depositories as designated
by the Council. All such accounts shall be in the name of the Borough.
The Treasurer shall receive compensation in such form and amount
as the Council shall, from time to time, ordain.
