[R.O. 1966 C.S. § 2:7-1; Ord. 6 S+FV, 9-21-1988; Ord.
6 S+FD, 12-20-1989; Ord. 6 S+FN, 8-3-1994]
There shall be a Department of Finance, the head of which shall
be the Director of Finance. The Department, under the direction and
supervision of the Director, shall be organized into the following
five divisions:
d. Tax Abatement and Special Taxes;
[R.O. 1966 C.S. § 2:7-2 [a]; Ord.
6 S+FD, 12-20-1989]
The Director of Finance shall, prior to his/her appointment,
be qualified by training or experience in government, finance and
fiscal management. The Mayor may, with the consent of the Council,
waive any of the requirements set forth above when, in their judgment,
the best interests of the City shall be served thereby. Notwithstanding
the above, effective January 1, 1991, such appointment shall satisfy
the provisions of N.J.S. 40A:9-140.13. The Director's compensation
shall be such sum annually as shall be fixed by ordinance.
[R.O. 1966 and 1966 C.S. § 2:7-2; Ord. 6 S+FD; 12-20-1989; Ord. 6 S+FI, 1-22-1992; Ord. 6 S+FA, 6-22-1994; Ord. 6 S+FN, 8-3-1994; Ord. 6 S+FE, 6-19-1996]
a. The Director of Finance shall be the City's Chief Financial Officer. He/she shall be responsible for all financial activities and functions of the City Government other than those activities and functions for which responsibility is vested in the Business Administrator, the Tax Assessor or the Municipal Comptroller as provided in Section
2:7-9. He/she shall furnish a corporate surety bond, at the expense of the City, for the faithful performance of his/her duties, in such penal sum and in such form as shall be approved by resolution of the Council.
b. Through the divisions of the Department and otherwise, subject to
ordinance, the Director of Finance shall be responsible for the accounting,
pre-auditing and control of all City revenues and expenditures; for
the custody, receipt and disbursement of City funds; for the safety
and investment of the City's investments; for the management of the
City's debt; for the development of financial policies for recommendation
to the Mayor; and for the safeguarding of the City's financial interests
to the fullest extent;
c. The Director of Finance shall be responsible for the collection and
receipt of taxes, penalties and interest pursuant to law, and license
and permit fees, except as otherwise provided in this chapter or other
provisions of these Revised General Ordinances.
CROSS REFERENCE: For function of the Director of Finance in connection with the procedure for cancellation of uncollectible taxes, assessments and tax sale certificates, see Section 10:8-1 et seq.
|
e. The Director of Finance shall be responsible for the collection,
receipt and accounting of parking meter revenues.
f. The Director of Finance shall be responsible for all licenses authorized
to be issued by the City pursuant to State law and local ordinance,
except for such licenses the application and fee for which are required
by State Statute to be received by a particular official or office
other than this Division.
g. The Director of Finance shall:
1. Be responsible for the fiduciary covenants of the Pequannock Dedicated
Trust (established May 7, 1986 7REA(AS); and
2. Require the Director of the Newark Watershed Conservation and Development
Corporation to report semi-annually on the financial status of the
Corporation; and
3. File a copy of the annual certified audit of the Corporation with
the Finance Director and the City Clerk.
[R.O. 1966 C.S. § 2:7-3]
There shall be a Fiscal Advisory Board within the Department
of Finance. The Board shall consist of nine citizens of broad experience
and recognized knowledge of financial policy. The members of the Board
shall be appointed by the Mayor to serve, without compensation, for
a term of two years. The Board shall advise the appropriate officials
of the Newark City Administration with respect to the planning, management
and marketing of all City indebtedness. It shall have the right and
power to request any pertinent data and/or have prepared for its use
by the proper administration officers such material as it may deem
necessary to properly formulate its recommendation to the appropriate
officials. The Board shall have access to all accounts and books of
record of the City of Newark, as they relate to financial policies
and practices of fiscal management, at reasonable times.
[R.O. 1966 § 2:7-5]
There shall be within the Department of Finance the "Employees
Retirement System of the City of Newark, New Jersey" as created and
constituted pursuant to N.J.S. 43:13-22.3 et seq.