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Borough of Morris Plains, NJ
Morris County
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[1]
Editor's Note: The title of this article was changed from Chief Financial Administrator to Chief Financial Officer pursuant to Ord. No. 1-90.
[Ord. No. 13-78, §§ 1-8; 2-89, § 2]
The position of Chief Financial Officer of the Borough is hereby established pursuant to P.L. 1988, c. 110, (N.J.S.A. 40A:9-140.1 et seq.) and in accordance with the provisions of this article.
[Ord. No. 13-78, §§ 1-8; 2-89, § 2]
(a) 
The Chief Financial Officer shall be certified as the Municipal Finance Officer in accordance with the provisions of P.L. 1988, c. 110.
(b) 
The Chief Financial Officer shall be appointed in the manner provided for in N.J.S.A. 40A:9-9 and shall receive such salary as the Borough Council may fix, from time to time.
[Ord. No. 13-78, §§ 1-8; No. 2-89, § 2]
(a) 
In addition to the powers and duties established by state statutes and the ordinances of the Borough, the Chief Financial Officer shall be responsible for the investment of surplus funds of the Borough into legal investments, which shall include interest-bearing accounts, certificates of deposit and the New Jersey cash management account.
(b) 
The Chief Financial Officer shall be responsible for the investigations and where, in his judgment, it is appropriate, procurement of such grants from federal, state, county and private sources which could be used to the financial advantage of the Borough.
(c) 
The Chief Financial Officer shall be responsible for the review of contracts, other than those which relate to personnel, entered into by the Borough of Morris Plains. Failure to perform this review for any reason shall not affect the validity of a contract entered into by the Borough of Morris Plains.
(d) 
Under the direction of the Finance Committee of the Council, the Chief Financial Officer shall undertake special studies relating to the financial affairs of the Borough, providing the Committee with his findings, conclusions and recommendations.
(e) 
The Chief Financial Officer shall perform such other duties as may be assigned by the Borough Council by resolution.