Posted on

Ridgewood manager waives pay for CFO work

imgres-11

imgres-11

Ridgewood manager waives pay for CFO work

JANUARY 16, 2015    LAST UPDATED: FRIDAY, JANUARY 16, 2015, 12:31 AM
BY LAURA HERZOG
STAFF WRITER |
THE RIDGEWOOD NEWS

Village Manager Roberta Sonenfeld is waiving her right to a compensation that will save taxpayers up to $35,000.

According to the non-unions officers salary ordinance, Sonenfeld is entitled to $5,000 to $35,000 for serving in the position of temporary chief financial officer (CFO).

Sonenfeld has taken on the position – which she cannot hold for more than a year – while the village continues its quest for a new CFO, who would also serve as a new director of the parking utility.

The former CFO, Steve Sanzari, who will remain the village treasurer, will serve as Sonenfeld’s temporary deputy chief financial officer for a stipend of $1,000 per month, according to a resolution that the council unanimously approved on Wednesday.

Sonenfeld is also serving as head of the parking utility for the time being, at no additional compensation.

“My feeling was I didn’t want the village to expend any more dollars on this,” Sonenfeld said. “I’m just putting everything into my regular workday.”

Sanzari previously received a $5,000 stipend, on top of his $110,000 salary as treasurer, for working as CFO.

https://www.northjersey.com/news/sonenfeld-waives-pay-for-cfo-work-1.1196446