[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.