Village of Bosque Farms, NM Section 2-5 Municipal Treasurer

[HISTORY: Adopted by the Mayor and Council of the Village of Bosque Farms 8-19-1982 (Sec. 2-5 of the 1980 Code). Amendments noted where applicable.]

§ 2-5-1 Appointment.

The Treasurer shall be appointed by the Mayor with the approval of the governing body. This position shall be separate from that of the Municipal Clerk and may be filled on a part-time basis.

§ 2-5-2 Oath and bond.

[Amended 2-16-1984[1]]

The Treasurer, prior to entering into or performing the duties of the Treasurer, shall take an oath or affirmation complying with the provisions of NMSA 1978, § 3-10-2. The Treasurer shall within 10 days after the appointment, furnish a surety bond in an amount determined by the governing body, conditioned upon the faithful performance of the duties of the Treasurer and the proper care and disposition of Village funds. The premium of the bond shall be paid by the Village.

[1] Editor's Note: Amended at time of adoption of Code (see Section 1-1).

§ 2-5-3 Functions and duties.

A. The Treasurer shall supervise the depositing and safekeeping of all money belonging to the Village and, with the advice and consent of the governing body (Municipal Board of Finance), designate banks qualified to receive on deposit money entrusted to his/her care.

B. The Treasurer shall be the finance officer for the municipality unless another officer is directed by ordinance to be the finance officer. The Treasurer shall:

(1) Receive all money belonging to the municipality;

(2) Keep all accounts and records in the manner prescribed by the governing body;

(3) Keep the money of the municipality separate from any other money in his/her possession;

(4) Expend the money only as directed by the governing body;

(5) Submit monthly, or more often if required by the governing body, a report of the receipts and expenditures of the municipality; and

(6) Prepare annually, at the close of the fiscal year, a financial report showing the receipts, expenditures and balances of each fund. A copy of the financial report shall be filed in the office of the Municipal Clerk as a public document.

C. The records of the Treasurer shall be open to inspection by any citizen during the regular business hours of the municipality, subject to any limitations imposed by state statute.

D. The Treasurer shall serve at the pleasure of the Mayor and shall be terminated by either:

(1) A majority of all the members of the governing body; or

(2) The Mayor, upon the approval of a majority of all the members of the governing body.

§ 2-5-4 Compensation.

The Treasurer shall be compensated in such amount as may be determined by the governing body.