Who is responsible for filing the Annual Debt Statement?

The Chief Financial Officer (CFO) is responsible for filing the Annual Debt Statement in New Jersey municipalities. This responsibility stems from the state's laws which designate the CFO as the official responsible for overseeing the financial management of the municipality, including debt management. The Annual Debt Statement is crucial because it provides transparency about the municipality's financial obligations and outstanding debts, which is important for both public accountability and financial planning.

While the Mayor, the Municipal Clerk, and the Governing Body have various roles that relate to finance and governance, the specific duty of preparing and filing the Annual Debt Statement falls under the purview of the CFO. Their expertise in financial matters ensures that the statement is accurate and compliant with state regulations, ultimately safeguarding the municipality's financial integrity.