[Adopted 3-20-1989 by Ord. No. 89-3 (Ch. 11 of the 1986 Code);
amended in its entirety 12-20-2022 by Ord. No. 2022-23]
A. There
shall be a Chief Financial Officer, pursuant to N.J.S.A. 40A:9-140.1
et seq., who shall be appointed by the Mayor, with the advice and
consent of the Borough Council, to an initial term of four years pursuant
to N.J.S.A. 40A:9-140.1 et seq., and who shall receive a salary as
determined by the annual salary ordinance and resolution. The Chief
Financial Officer shall be certified as a certified municipal finance
officer by the Department of Community Affairs Division of Local Government
Services. Upon completion of an initial four-year term of office and
reappointment by the Mayor, with the advice and consent of the Borough
Council, the Chief Financial Officer shall be granted tenure pursuant
to N.J.S.A. 40A:9-140.1 et seq.
B. The Chief
Financial Officer shall be the Director of the Finance Office and
shall report to the Borough Administrator and provide regular reports
of the activity of the Office to the Borough Administrator. The Finance
Office may be staffed by any number of clerk-typists and/or finance
clerks as may be determined by the Mayor and Borough Council, who
shall receive a salary as determined by the annual salary ordinance
and resolution and who shall work under the direction of the Chief
Financial Officer in fulfilling the responsibilities and duties of
the Finance Office.
C. In the
case of a vacancy in the position of Chief Financial Officer, the
Mayor, with the advice and consent of the Borough Council, may appoint
an Acting Chief Financial Officer pursuant to N.J.S.A. 40A:9-140.1
et seq.
The Chief Financial Officer shall have the following powers
and duties:
A. Being available to the Mayor and members of the Borough Council for
consultation on the fiscal affairs of the Borough and attending meetings
of the Borough Council's Finance Committee when requested.
B. Advising and assisting the Mayor, Borough Council, and the Borough
Administrator with respect to the development of the annual budget,
fiscal plans, and financial forecasts for the Borough.
C. Providing financial assistance to all boards, commissions and departments
of the Borough.
D. Preparing, maintaining, and filing, or causing to be prepared, maintained,
or filed, any and all records, ledgers, reports, and financial statements
required by the State of New Jersey.
E. Preparing, maintaining, and providing, or causing to be prepared,
maintained, and provided, any and all records, ledgers, reports, and
financial statements requested by the Borough Auditor in performing
the Borough's annual audit.
F. Maintaining records on all debt obligations incurred and/or issued
by the Borough and coordinating the work of the Borough's Auditor
and Bond Counsel in the issuance and redemption of all bonds and notes.
G. Any and all other powers and duties assigned by state law or regulation.
H. Any such
other authorities and responsibilities which may be directed or delegated
by the Mayor and Borough Council via resolution or ordinance.
I. Perform
such other duties as may be assigned by the Mayor and Borough Council
and/or the Borough Administrator.