The office of director of finance is created and established. The director of finance shall be the chief accounting officer of the city, and shall consolidate all accounting matters of the city in this office, as an entirely separate and distinct entity from all other departments.
(Prior code § 11-1)
The office of director of finance shall be appointive. The director of finance shall be appointed by the city manager.
(Prior code § 11-2)
The director of finance shall be qualified by sufficient technical accounting, training, skill and experience to be proficient in the office. The director of finance shall also show evidence of his executive ability.
Residence in the city shall not be deemed a necessary qualification for appointment to this office.
(Prior code § 11-3)
The director of finance shall be required to give a bond for the faithful performance of the duties of said position. The amount of said bond is to be determined by the city council. The bond fee shall be paid by the city.
(Prior code § 11-4; Ord. 2996 § 5, 1976; Ord. 3591 § 3, 1982)
The director of finance shall be the head of the finance department and shall have the power and is required to do the following:
A. 
Have charge of the administration of the financial affairs of the city, under the direction of the city manager;
B. 
Compile the budget expense and income estimates for the city manager;
C. 
Maintain a general accounting system for the city government and each of the offices, departments and agencies;
D. 
Supervise and be responsible for the disbursement of all money, and have control of all expenditures, audit all purchase orders before issuance, audit and approve, before payment by the city council and treasurer, all bills, invoices, payrolls, demands or other charges against the city government, and with the advice of the city attorney, when necessary, determine the regularity, legality and correctness of such claims, demands or charges to insure that budget appropriations are not exceeded;
E. 
Submit to the city council through the city manager a monthly statement of all receipts and disbursements in sufficient detail to show the exact financial condition of the city, and, as of the end of each fiscal year, submit a complete financial statement and report;
F. 
Supervise the keeping of current inventories of all property of the city by all city departments, offices and agencies;
G. 
Perform all the financial and accounting duties imposed upon the city clerk. The city clerk shall be relieved of such duties. Such duties shall include all those imposed upon the city clerk by Sections 37201 through 37210 and Sections 40802 through 40805 of the Government Code of the state;
H. 
Supervise the office of license tax collector;
I. 
Invest and reinvest money of the city, sell or exchange securities so purchased, and deposit such securities for safekeeping, pursuant to Sections 53607 and 53608 of the Government Code (the director of finance is the "city treasurer" for purposes of Government Code Sections 53607 and 53608). He shall negotiate and contract for banking services to include establishment of such investment, checking and warrant accounts as he deems necessary to effectively manage the city's cash and investments;
J. 
Purchase, at their original sale or after they have been issued, securities which are permissible investments under Sections 53601 and 53635 of the Government Code, as they now read or may hereafter be amended, from money in his custody which is not required for the immediate necessities of the city and as he may deem wise and expedient, and sell or exchange for other eligible securities and reinvest the proceeds of the securities so purchased;
K. 
Redeem from time to time the securities in which city money has been invested pursuant to subsection J of this section so that the proceeds may be applied to the purposes for which the original purchase money was designated or placed in the city treasury. Bonds issued by the city and purchased pursuant to subsection J of this section may be canceled either in satisfaction of sinking fund obligations or otherwise; provided, however, that said bonds may be held uncanceled and while so held may be resold;
L. 
Make a monthly report of all investments set forth in this section to the city council;
M. 
Deposit for safekeeping with a trust company or a state or national bank located within this state, or with the Federal Reserve Bank of San Francisco or any branch thereof located within this state, or with any Federal Reserve Bank, or with any state or national bank located in any city designated as a reserve city by the Board of Governors of the Federal Reserve System, the securities in which the city money has been invested pursuant to subsection J of this section; provided, however, that he shall take from such trust company or bank a receipt for the securities so deposited and shall not be responsible for such securities delivered to and receipted for by such trust company or bank until they are withdrawn therefrom by him;
N. 
Perform such other functions as the city manager may specify or as may be prescribed by action of the city council.
(Prior code § 11-5; Ord. 3006 § 1, 1976)