[R.O. 1997 § 115.320; Ord. No. 15 § 1, 9-1-1995]
The office of the City Treasurer
is hereby established.
[R.O. 1997 § 115.330; Ord. No. 15 § 2, 9-1-1995; Ord. No. 227 § 1, 4-22-1996; Ord. No. 726 § 7, 6-25-2001]
The Mayor with the advice and consent
of a majority of the members of the City Council shall appoint a person
to the office of City Treasurer, who shall serve an indefinite term
of office until his or her employment is terminated at the will of
the Mayor with the approval and consent of the City Council.
[R.O. 1997 § 115.340; Ord. No. 15 § 3, 9-1-1995; Ord. No. 454 § 1, 8-24-1998; Ord. No. 1983 § 1, 12-9-2013]
A.
The Treasurer shall be a citizen of the City of Wildwood who does not hold any elected office and is not a City employee. The position shall be held by someone with professional finance or accounting experience who shall perform his or her duties in compliance with Chapter 125, Code of Ethics, of the City Code, particularly in regard to conflicts of interest and disclosures. The City Treasurer shall serve an oversight role for the City's financial operations, including the following specific duties:
1.
Review the City's monthly financial
documentation prepared by City staff, including balance sheet and
income statements and all backup documentation, including journal
entry details, bank statement reconciliations, check registers, escrow
account detail, and other supporting documentation. Review similar
documentation for special financing districts within the City when
applicable.
2.
Participate in selection of brokers/dealers
authorized to participate in the City's investment bidding process
for recommendation to the Administration and Public Works Committee.
3.
Review and confer with the auditors
and City staff over the annual audit report findings and preparation
of the comprehensive annual financial report (CAFR).
4.
Advise City staff regarding financial
practices, procedures and internal controls.
5.
May advise and comment to City Council
and City staff on preparation of the City budget and interim budget
updates.
6.
Notify the City Administrator, Mayor
and/or City Council of any financial irregularities observed.
7.
Serve as a board member to the Crossings
Community Improvement District.
8.
Conduct special financial management
or internal auditing assignments if requested by the City Council
or City Administrator.
9.
If so requested, review and sign
checks as may be necessary, including checks over five thousand dollars
($5,000.00).
[R.O. 1997 § 115.350; Ord. No. 15 § 4, 9-1-1995; Ord. No. 454 § 2, 8-24-1998; Ord. No. 1983 § 2, 12-9-2013; Ord. No. 2454, 3-25-2019]
The compensation of the Treasurer
shall be five thousand dollars ($5,000.00) per year.
