[Adopted 9-19-1989 as Ord. No. 1989-11
(§ 2-20 of the 1984 Code)]
As used in this Article, the following terms
shall have the meanings indicated:
The Borough of Bay Head, County of Ocean, State of New Jersey.
The governing body of the Borough of Bay Head, County of
Ocean, State of New Jersey.
The position of Chief Financial Officer is hereby
established in the Borough of Bay Head and in accordance with the
provisions of P.L. 1988, c. 110.[1]
[1]
Editor's Note: See N.J.S.A. 40A:9-140.1 through
40A:9-140.4 and 40A:9-140.7 through 40A:9-140.16.
The Chief Financial Officer shall be appointed
by the Mayor and the appointment confirmed by the governing body in
accordance with the statutes of New Jersey. The person appointed as
Chief Financial Officer shall hold office until December 31 next following
the appointment thereof. A vacancy in the position of Chief Financial
Officer shall be filled in the same manner as above and for the unexpired
term only.
The Chief Financial Officer shall be qualified,
by training, education or experience, to perform the duties of the
office in accordance with P.L. 1988, c. 110.[1]
[1]
Editor's Note: See N.J.S.A. 40A:9-140.1 through
40A:9-140.4 and 40A:9-140.8 through 40A:9-140.16.
The Chief Financial Officer shall have, perform
and exercise all the following functions, powers and duties provided
by general law and Borough ordinances:
A.
Keep such books and accounts relating to funds entrusted,
received or under the control of any department of the Borough, in
accordance with the standards and requirements of the Division of
Local Governmental Services in the Department of Community Affairs
of the State of New Jersey, and, by the next ensuing bank day after
their receipt, shall deposit all funds received by him in depositories
authorized by the governing body by resolution.
B.
Be the depository for and have custody of all investments
and invested funds of the Borough or in the 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.
Be the depository for and have custody of all funds
and notes of the Borough and also the receipt and delivery of 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.
E.
Make such additional reports to the governing body
on the Borough's financial status as the governing body may request
or as required by ordinance.
The Chief Financial Officer shall be paid as
designated in the Salary Ordinance.[1] The salary shall commence on the date of appointment and
confirmation as Chief Financial Officer.
[1]
Editor's Note: The salary ordinance is on
file in the Borough offices.
There may be an assistant appointed by the governing
body for the term of one year. It shall be the duty of the Assistant
Financial Officer generally to aid and assist the Chief Financial
Officer in the performance of the duties of his/her office in such
manner as the Chief Financial Officer shall from time to time direct.
The Assistant Financial Officer shall perform the duties of the Chief
Financial Officer in the latter's absence or incapacity.
