In case you missed it in comments here, there’s more intel about the new CFO for Montclair and how it might involve Glen Ridge…
The CFO postion is not part time at $120,000.
It is as follows…
1. The appointment as Chief Financial Officer/CMFO is effective January 1, 2007, with the expectation that you will work the equivalent of one day per week for Montclair and be in the office on average once per week. You will receive a stipend of $462 per week for this service.
2. The appointment as Director of Finance and Chief Financial Officer/CMFO is effective February 5, 2007, and at that time the above stipend will cease and an annual salary of $122,160 will commence.
So it is only a part time postion for a month at a lower stipend until the full time position starts at $120k.
The part to be worried about is…
3. As discussed, the Borough of Glen Ridge may wish Montclair to provide their CFO next year under a shared services agreement. Thus, you may be able to participate in this or a similar opportunity in the future, as long as we are able to work out mutually agreeable terms.
4. I understand that you have child care issues through this school year. As long as you keep me informed of your situation and devote full-time to your position here starting 2/5/07, you will be able to √¢‚Ç¨≈ìflex√¢‚Ç¨¬ù your hours on days that you need to attend to these issues.
Those scare me as it is worded in a way that we may not see a person in this office from 9-5, Mon-Fri. And it leaves open the door that we may see the person working for another municipality like the last CFO. Hopefully if the CFO works also for Glen Ridge, Montclair gets some money back as opposed to the last CFO who got paid a seperate salary from Mountainside while Montclair got nothing (not really a shared service at all, just a second job!)