There shall be a Finance Director, in accordance with Section 75 of the Charter. The Finance Director shall have the powers and duties prescribed by law, the Charter, this code or by the Council or City Manager.
The Finance Director shall keep a complete set of books in which all financial transactions of the city shall be recorded.
(O2791)
A.
The Finance Director shall disburse funds of the city treasury on checks which have been allowed either by the Council, law or a board of officers authorized to allow the same.
B.
The Finance Director shall issue checks on the treasury for all debts and demands against the city when the amounts are fixed by law, for interest and redemption of bonds issued by the city, upon surrender and cancellation of such bonds or interest coupons, for salaries of officers and employees of the city who are legally entitled to said salaries, and for all other demands authorized by law. Salary checks are to be drawn on the dates specified by the City Manager and at least twice monthly.
C.
The Finance Director shall obtain the signature of any payee to any check in lieu thereof, he or she may accept the signature of an assignee or attorney-in-fact, if the assignment or power of attorney is delivered to the city.
D.
The Finance Director shall keep a record of all demands which are approved in such form as shall be prescribed by the City Manager.
E.
The Finance Director shall be responsible for the internal audit function of the city and designated agencies.
F.
The Finance Director shall collect all money due the city unless in any given case the duty of collection is by this code given to another officer.
G.
The Finance Director shall be responsible for the investment of city funds in accordance with this code, the City Charter and applicable state statutes.
(O2791; O4212)
A.
Duty to Receive Money. The Finance Director shall receive all money belonging to the city and shall receive all other money directed by law or this code to be paid, and issue receipt therefor.
B.
Surcharge for Bad Checks. In the event any moneys hereunder are paid to the Finance Director by check which check is returned by the bank unsatisfied, there shall be added thereto a surcharge as approved by resolution, which shall immediately become due and payable along with the original amount of the check.
C.
Duty to Keep Accounts. The Finance Director shall keep such accounts, receipts and records as shall be prescribed by the City Manager.
D.
Responsibility for Safekeeping of Money. The Finance Director shall be responsible for the safekeeping of money received by the city.
(O2791; O2889; O3077; O4112)
The Finance Director shall deliver to the City Manager and to the Council at a regularly scheduled Council meeting, a budget report showing the budget status at the end of the preceding month.
(O2791)
The Finance Director shall allow no payment:
A.
Without first deducting any indebtedness due from the claimant to the city, if notice of said indebtedness has been received;
B.
In favor of any officers, employee or individual having custody of any funds or collections for the city, who is delinquent in making the required accounting.
(O2791)