[Ord. 386, 1-17-1995; amended Ord. 512, 9-18-2000]
The City Treasurer, before entering upon the duties of his office,
shall take the oath prescribed for City officers and shall execute
a bond to the City in the penal sum of not less than $250,000, with
security to be approved by the City Council and conditioned as provided
by law in such cases made and provided. The treasurer shall hold his
office for the term of four years and until his successor is elected
and qualified. The City Treasurer shall be paid the salary of $5,000 per year and shall be paid as set forth in Section
1-12-1 of this title.
[Ord. 386, 1-17-1995]
It shall be the duty of the treasurer to report to the Clerk
any officer of the City, authorized to receive money for the use of
the City, who may fail to make a return of the monies received by
him at the time required by law or by the ordinances of the City.
[Ord. 386, 1-17-1995]
The treasurer shall supervise the books and accounts maintained
in the City Clerk's office for the City, and said books and accounts
shall show with entire accuracy all monies received and disbursed
by the treasurer for the City, stating from whom and on what account
received, and to whom and what account paid out, and in such way that
said books and accounts will exhibit at all times the true financial
condition of the City, and in such manner as may be readily reviewed
and understood; and the same, together with all files and papers of
said office shall be at all times open to examination by the Mayor,
the City Clerk, the committee on finance or any member of the Council.
[Ord. 386, 1-17-1995]
The City Treasurer shall be responsible for the investment of
all surplus City funds in accordance with resolutions or guidelines
of the City Council and appropriate Illinois statutory requirements.