Elaine Vanselous, who was borough clerk for 30 years, retired March 15, bringing to an end her long career with Stockton.
By: Linda Seida
STOCKTON The Borough Council has hired a replacement for a retiring longtime employee, a Stockton resident who most recently served as the chief financial officer.
CFO Elaine Vanselous retired March 15. During her long career with Stockton, more than 35 years, she also served as borough clerk for 30 years as well as Water Department clerk, Sewer Department clerk, dog warden and registrar. She retired as clerk in 2001.
The council and Mayor Stephen Giocondo announced a resolution of commendation March 26 to honor Ms. Vanselous for her service to the borough. Although Ms. Vanselous was not in attendance, Mayor Giocondo read her commendation aloud.
Mayor Giocondo said he, the council and the borough extend their "gratitude and appreciation to Elaine Vanselous for her service to the Borough of Stockton and wish her health, happiness and success into the future and in her retirement."
Also March 26, the council and mayor announced the hire of a new CFO, Diane K. Schubach. As a part-time employee with a four-year term, she will be paid $16,000 per year.
As a part-time CFO, Ms. Vanselous had been making less than $13,000 per year, officials said.
Ms. Schubach resides in Delaware Township. She also holds a full-time position as director of finance and chief financial officer in Branchburg Township where she has been employed since 1999.
Previously, she was employed by Millstone Borough as tax collector, Manville Borough as CFO and tax collector and Raritan Borough as CFO and tax collector.
Borough attorney John Bennett praised the council’s decision to hire Ms. Schubach.
"This is someone who has the training to pick it up in any town and has the ability to separate our accounts," he said. "This is taking us to the next step. The amount of dollars that you deal with now has increased substantially."
Mr. Bennett said he meant "no disrespect" toward Ms. Vanselous, "who was a dedicated resident and employee."
Stockton’s annual budget hovers at about a half million dollars. But the town has begun to win substantial amounts of grant money, including $2 million slightly more than a year ago from the Delaware River Joint Toll Bridge Commission and several hundred thousand dollars in recent years from the state for road repair.
Ms. Schubach is certified by the state as a municipal finance officer and tax collector. She received a bachelor’s degree in political science from Rutgers University and is pursuing a master’s degree in government accountancy, also at Rutgers.

