[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:
a. 
Accounts payable.
b. 
Bank reconciliations.
c. 
General ledger.
d. 
Receipt of funds.
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.