As set out in the recitals above[1] this article authorizes the Borough of Woodlynne to use a servicer to process payroll disbursements and specifically authorizes the tasks described above.
[1]
Editor's Note: The recitals of this ordinance provided as follows:
Whereas, the Borough Council wishes to authorize the use of a third party disbursement service organization to provide payroll services to the Borough; and
Whereas, N.J.A.C. 5:30-17.3 provides for the general authority for Municipalities to enable contracts for such servicer by adoption of an appropriate Ordinance; and
Whereas, the Borough wishes to specify the tasks that may be performed by the disbursing organization including the authority to prepare the necessary payment documentation and execute disbursements from Woodlynne's Bank account on behalf of the local unit; to prepare payment documentation, take possession of Woodlynne funds, and make such disbursements itself on behalf of Woodlynne or any combination of any of the foregoing; and
Whereas, the Borough Council wish to assign to the Chief Financial Officer responsibility to oversee the process authorized hereby and as such the Chief Financial Officer shall be designated the approval officer within the meaning and intendment of N.J.A.C. 5:30-17.4, whose duties shall include the reconciliation and analysis of all general ledger accounts affected by the activities of the servicer; and
Whereas, the Chief Financial Officer after completing his tasks charged in the preceding paragraph shall present his findings and recommendations to the Borough Council who may then award a contract by Resolution authorized hereby;
Now, therefore, be it ordained, by governing body of the Borough of Woodlynne, County of Camden and State of New Jersey as follows: