§ 3-10. Treasurer.  


Latest version.
  • A. 
    In accordance with N.J.S.A. 40A:60-5, there may be appointed a Borough Treasurer, who shall be appointed for a term of one year.
    B. 
    The duties of the Treasurer shall be:
    (1) 
    Receive funds entrusted to or under the control of any department and deposit all funds received in depositories authorized by the Borough Council by resolution.
    (2) 
    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.
    (3) 
    Have the safekeeping of all bonds and notes of the Borough and the receipt and delivery of Borough bonds and notes for transfer, registration or exchange.
    (4) 
    Keep a full account of all cash receipts and disbursements of the Borough and. at least once a month and more often if the Borough Council requires, furnish the Borough Council with a statement of all moneys received and expended.
    (5) 
    Other duties as prescribed by law.
    Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II).
    C. 
    The duties of the Treasurer regarding disbursements shall be as follows:
    (1) 
    Bills, claims and demands against the Borough, when duly authorized and approved, shall be paid upon the audit, warrant and approval of the Treasurer, and disbursements shall be made by a combination warrant-bank check or draft individually signed by the Treasurer and countersigned by the Mayor and the Borough Clerk.
    (2) 
    The Treasurer shall prepare for each regular meeting of the Borough Council a list of all bills, claims and vouchers which have been paid through the close of business 24 hours preceding the meeting and since the last preceding list was compiled. The list shall be prepared in sufficient copies for each member of the Borough Council, and at least one copy shall be filed with the Borough Clerk in his office as a public record open to examination.