[Amended 11-2-2004]
There shall be a department of finance, the
head of which shall be the Finance Director who shall be appointed
by the Town Manager, and shall serve at the pleasure of the Town Manager.
The department shall be organized into as many
divisions or offices consistent with the provisions of this Charter
as may be deemed necessary by the Council on recommendation of the
Town Manager. The Town Manager shall appoint the head of such departments
or divisions as may be created.
The Finance Director shall have knowledge of
municipal accounting and taxation and shall have had experience in
budgeting and financial control.
The Finance Director or his/her designee shall:
a.
Maintain a general accounting system for the Town
government and each of its offices, departments and agencies.
b.
Supervise and be responsible for the disbursements
of all monies and have control of all the expenditures to ensure that
the budget appropriations are not exceeded.
c.
Keep books for and exercise financial budgetary control
over each office, department and agency. Money shall be disbursed
only upon presentation of a voucher signed by both the head of the
department presenting the voucher and the Town Manager, except in
cases otherwise provided for in this Charter such as Chapter 9-2-10.
[Amended 11-4-2014]
d.
Keep separate accounts for the items of appropriations
contained in the Town budget, each of which accounts shall show the
amount of the appropriations, the amounts paid therefrom, the unpaid
obligations against it and the unencumbered balance.
e.
Require reports of receipts and disbursements from
each receiving and spending agency of the town government to be made
at such intervals as the Town Manager may deem expedient.
f.
Assist the Town Manager in accordance with Chapter
3-1-5 to prepare as of the end of each fiscal year a complete financial
statement and report, which shall be deemed a public record.
[Amended 11-4-2014]
g.
Deposit all funds coming into the Finance Director's
hands within five (5) days of receipt of same in such depositories
as may be designated by the Council, subject to the requirements of
law as to surety and the payment of interest on deposits, but all
such interest shall be the property of the Town and shall be accounted
for and credited to the proper account.
h.
Have custody of all investments and invested funds
of the Town government or in possession of such government in a fiduciary
capacity and have the safekeeping of all bonds and notes of the Town
and the receipt and delivery of town bonds and notes for transfer,
registration or exchange.
i.
Upon being sworn into office give bond to the Town
Clerk with sufficient surety in such sum as the Council shall prescribe
for the faithful performance of the duties of the office.
j.
Perform all duties and exercise all powers which by
law are imposed or conferred upon treasurers.
