[HISTORY: Adopted by the Township Committee of the Township of Rochelle Park as indicated in article histories. Amendments noted where applicable.]
[Adopted 5-18-2005 by Ord. No. 927-05]
The use of a servicer for payment of payroll agency claims is hereby authorized. The servicer shall be permitted to perform the following tasks:
The Chief Financial Officer of the Township of Rochelle Park is hereby designated as the approval officer who shall be responsible for authorizing and supervising the activities of the disbursing organization. This authorization is made pursuant to the provisions of N.J.S.A. 40A:5-17(a)(1).
The duties of the approval officer shall be supplemented to include the reconciliation and analysis of all general ledger accounts affected by the activities of the disbursing organization.
The approval officer shall also be authorized to enter into an agreement with the disbursing organization which will allow holding of funds pending transmittal of those funds to a payee. The disbursing organization shall be authorized to hold the funds pending transmittal.
The Township of Rochelle Park specifically adopts all requirements of N.J.A.C. 5:30-17.1 et seq., as if set forth herein at length and verbatim.