[HISTORY: Adopted by the Mayor and Council of the Borough of Madison 2-27-1989 by Ord. No. 6-89. Amendments noted where applicable.]
The office of Chief Financial Officer, as provided for by law, is hereby established.
Any person appointed to the office of Chief Financial Officer shall be a certified municipal finance officer or shall promptly engage in a course of study so as to qualify for and obtain such a certification prior to January 1, 1991, as provided for by N.J.S.A. 40A:9-140.1 et seq., and such person shall not be a member of the Borough Council.
The Chief Financial Officer shall be appointed by the Borough Council.
Any person who has served as Chief Financial Officer for a period of not less than five consecutive years shall, upon compliance with the requirements of N.J.S.A. 40A:9-140.8, be granted tenure of office and shall continue to hold office during good behavior and efficiency, and shall not be removed from office except as permitted and provided for in N.J.S.A. 40A:9-140.8.
The Chief Financial Officer shall receive such salary and/or other compensation as may be established by separate salary ordinances or amendments thereto for the position of Finance Director.
The Chief Financial Officer shall be responsible for discharging all duties as provided by law for a chief municipal financial officer, serve as the Finance Director responsible for management and operation of the Finance Department and perform such other duties as specified in a job description prepared by the Borough Administrator.
In the event of a vacancy in the office of chief financial officer, the Borough Council may appoint a temporary chief financial officer in accordance with N.J.S.A. 40A:9-140.13.
This chapter is intended to implement the provisions of N.J.S.A. 40A:9-104.1 to 140.13, governing municipal finance officers, and all provisions of this chapter shall be interpreted in a manner consistent therewith.