The President, at the first regular meeting in the month of
May of each year, shall appoint, by and with the advice and consent
of the Village Board, a Village Treasurer for the ensuing fiscal year.
[Amended 3-14-2011 by Ord. No. 11-12]
The Village Treasurer shall give bond in such sum as determined
by the Village Board in an amount not less than required by the Illinois
Municipal Code. The bond shall be conditioned upon the faithful performance
by the Village Treasurer of his or her duties of office and to indemnify
the Village for any loss due to any neglect of duty or wrongful act
on the part of the Village Treasurer.
The Village Treasurer shall perform such duties as may be prescribed
for him or her by statute or by ordinance. He or she shall receive
all money paid in the Village, either directly from the person paying
it or from the hands of such other officer as may receive it. He or
she shall pay out money only on vouchers or orders properly signed
by the Village Clerk and the President.
The Village Treasurer shall deposit the Village funds in such
depositories as may be selected from time to time as provided by law.
He or she shall keep the Village money separate and distinct from
his or her own and shall not intermingle his or her own money with
it or make private or personal use of the Village funds.
The Village Treasurer shall keep records showing all money received
by him or her, the sources from which it was received, and the purpose
for which it was paid out. He or she shall keep a record showing the
financial status of the Village at all times.
The Village Treasurer shall keep such books and accounts as
may be required by the Village Board, and shall keep them in the manner
required by the Village Board.
[Amended 7-27-2016 by Ord. No. 16-16]
The Village Treasurer or designee shall make monthly reports
to the Village Board showing the state of the finances of the Village
and the amounts received and spent during the month, which reports
shall be filed. He or she shall also make an annual report between
May 1 and May 10, with the total amount of all receipts and expenditures
of the Village and his or her transactions as Village Treasurer during
the preceding fiscal year. The annual report shall be filed with the
Village Clerk and made available for public inspection.
The Village Treasurer shall keep a register of all warrants,
bonds, or orders filed with him or her or paid by him or her and all
vouchers, as is required by statute.
