Treasurer. The treasurer shall receive all monies due the board,
from whatsoever source. The Village Treasurer shall supply an annual
accounting of all receipts. Disbursement of funds shall be by check,
which shall also be signed by the president. He shall maintain and
keep a current record of all financial transactions promptly and accurately.
He shall forward a report of all receipts and expenditures of the
fund to the President and Board of Trustees annually. The treasurer
shall be bonded in such amounts as required by applicable law and
approved by the Village President. The expense of such bonding shall
be borne by the board. The treasurer of the board shall make revenue,
investment, expense and other financial and operating records of the
board, as required by the Village auditors, available during the Village's
annual audit, so that as part of that annual procedure, board funds
shall be audited to verify that purchases have been and are being
made for the maintenance, use and benefit of the Thornton fire department,
and that investments have been made in accordance with the Village's
then current investment policy. The Treasurer shall discharge on behalf
of the board such other duties as may be imposed upon him by applicable
law.