[Adopted by Ord. No. 8-1989 (§ 2-9
of the Revised General Ordinances), as amended through Ord. No. 3-1990]
By virtue of N.J.S.A. 40A:9-140.10, the New
Jersey Legislature mandated that the governing body of each municipality
must, by ordinance, create the position of Chief Financial Officer.
There is hereby created the position of Certified
Municipal Financial Officer of the Borough of Spring Lake in accordance
with N.J.S.A. 40A:9-140.1 et seq. The Chief Financial Officer shall
be appointed by the governing body for a four-year term commencing
January 1 of the year in which he/she is appointed. The governing
body may appoint such Assistant or Deputy Municipal Financial Officers
as it sees fit.
The Chief Financial Officer shall:
A.
Receive funds entrusted, received or under the control
of any department and deposit all funds received by him/her in depositories
authorized by the governing body by resolution.
B.
Have custody of all investments and invested funds
of the Borough or in possession of the Borough in a fiduciary capacity,
except as otherwise provided by law, and keep such funds and all moneys
of the Borough not required for current operations safely invested
or deposited in interest bearing accounts.
C.
Have the safekeeping of all bonds and notes of the
Borough and the receipt and delivery of the Borough bonds and notes
for transfer, registration or exchange.
D.
Keep a full account of all cash receipts and disbursements
of the Borough and at least once each month, or more often if the
governing body requires, furnish the governing body with a statement
of all moneys received and expended by him/her.
The Chief Financial Officer and any Assistants
or Deputies shall receive such compensation as shall be prescribed
in the Salary Ordinance of the Borough. [1]
A.
Notwithstanding the provisions of any other law to
the contrary, any person who has served as the Chief Financial Officer
of the Borough for four consecutive years and who is reappointed as
the Borough's Chief Financial Officer shall be granted tenure of office
upon filing with the Borough Clerk and within the Division of Local
Government Services in the Department of Community Affairs of notification
evidencing his compliance with this section.
B.
Thereafter, the person shall continue to hold office
during good behavior and efficiency, and shall not be removed therefrom
except for just cause and then only after a public hearing upon a
written complaint setting forth the charge or charges against him
pursuant to N.J.S.A. 40A:140.9 or upon expiration or revocation of
certification by the Director pursuant to N.J.S.A. 40A:9-140.12.
