Finance

NOTICE OF SALE
TOWNSHIP OF STAFFORD
(Ocean County, New Jersey)
$7,800,000 BOND ANTICIPATION NOTES, SERIES 2019B
(BANK QUALIFIED) (NON-CALLABLE)
Bids are being solicited through a fair and open process in accordance with N.J.S.A. 19:44A-20.5 for the purchase of $7,800,000 Bond Anticipation Notes, Series 2019B (the “Notes”) of the Township of Stafford, in the County of Ocean, New Jersey (the “Township”).  All bids will be received by the Township’s Municipal Advisor, Phoenix Advisors, LLC, on behalf of the Township on Tuesday, October 29, 2019, at 11:00 a.m., prevailing local time (“Sale Date”).  No telephone bids will be accepted.  Bids must be received by 11:00 a.m. on the Sale Date, and may be submitted by completing the attached bid form and submitting to the address, fax number, and/or email address shown on the bid form.  Sealed bids marked on the outside “BID FOR NOTES” are encouraged, but faxed and emailed bids will be accepted provided they comply with the conditions stated herein.  If a bidder wishes to transmit its bid by fax or email, such bidder hereby acknowledges that such faxed or emailed bid will not be reviewed by the Township until the public opening of the bids as aforesaid.  This Notice of Sale has been posted on the Township’s website (www.twp.stafford.nj.us) and www.munihub.com. Click here for bid information.

 
  General Overview of the Finance Department's Responsibilities


  • Assists the Administration with the preparation of an annual budget.
  • Administers financial policies and procedures.
  • Receives and has control of all Township cash receipts for deposit in approved depositories.
  • Controls the disbursement of all Township funds.
  • Processes paychecks for all Township employees. Handles the payment of payroll withholdings and reporting to all appropriate agencies.
  • Manages Township funds to maintain cash flow for the payment of bills. Investment of idle funds in accordance with the Township’s Cash Management Plan.
  • Maintains the Township’s accounting system and records all financial transactions.
  • Maintain and provide budgetary information for all departments. Controls expenditures to ensure department budgets are not exceeded.