There shall be a Department of Finance in the Borough of South River under the supervision and control of the Chief Financial Officer hereinafter created. The Chief Financial Officer shall report directly to the Borough Administrator of the Borough of South River. The Department of Finance shall exercise supervision and control over the Deputy Director of Finance for Operations, Deputy Director of Finance for Accounting, Chief Financial Officer, Tax Assessor, Treasurer, Utility Collections and such other agencies, officers and employees as may be designated from time to time by the Borough Council. The governing body of the Borough of South River shall have oversight authority with respect to the Department of Finance. The governing body member who is the Chairman of the Finance Committee shall be the liaison between the governing body and the Department of Finance.