[Ord. No. 12-038 §1, 11-5-2012]
A. There
is hereby established the Finance Department which shall have such
other divisions or sections as from time to time may be authorized
by the Board of Aldermen and assigned to the Finance Department. The
Department shall have responsibility for all of the following fiscal
functions and such duties as may, from time to time, be assigned to
it by the City Administrator:
1. Manage investments in certificates of deposit.
2. Prepare financial reports for publication and such financial reports
as the Board of Aldermen may request from time to time.
3. Assist City Administrator in budget preparation.
4. Prepare budget amendments as required.
5. Maintain all general ledgers for the entire City.
6. Maintain in proper books a full and accurate account of all monies
received and disbursed by the City.
7. Compose the "Management Discussion and Analysis" and "Letter of Transmittal"
for the annual audit.
8. Establish processes for the following accounting functions:
B. There
is also established a Director of Finance who shall be hired by the
City Administrator for an indefinite term with the consent of a majority
of the Board of Aldermen. The City Administrator may discharge the
Director, with or without cause, with the consent of a majority of
the Board of Aldermen. The Director of Finance shall be a co-signer
of certain bank accounts as designated by the City Administrator and
shall have such other fiscal duties and responsibilities as may from
time to time be assigned by the City Administrator.