The Treasurer shall receive all monies due or
accruing to the County. The Treasurer shall keep a just and true account
of all monies received and disbursed. The books of the Treasurer shall
at all times during office hours be open to the inspection of the
Controller and the Manager. The Treasurer shall report daily to the
Controller and Manager all monies received for the County, the person
by whom, and on what account they were paid. The Treasurer shall give
a receipt for all monies paid into the County Treasury.
The Chief Executive, Controller, and Treasurer
shall constitute a majority quorum and the Chief Executive shall then
appoint two additional members to the Board subject to the approval
of the majority of the seated members of Council. All five members
shall comprise the Depository Board of Allegheny County for the purpose
of selecting depositories for the funds.
The Board shall meet at the Office of the Controller
not later than noon of the third Wednesday after the first Monday
of January following the election of the Treasurer, and thereafter
as may be necessary, and shall there organize and elect a chairperson
and decide upon the number of banks and banking institutions, as depositories
of County funds, for such period of time as the Board may determine,
but not to succeed the term for which the Treasurer is elected.