[11-10-2022 by Ord. No. 8423]
(a) Council shall provide for the office of Chief Financial Officer (CFO)
in the Administrative Code. The CFO shall be appointed by the City
Administrator on the basis of financial and accounting qualifications,
education, and experience and special consideration shall be given
to applicants with training and experience in business, nonprofit,
or municipal government operations in the area of public finance.
(b) The CFO shall be generally competent in accounting practices, possess
a strong governmental accounting background and be knowledgeable,
experienced and current in public finance.
(1)
The CFO shall have at minimum a bachelor's degree in finance,
accounting, or public or business administration from an accredited
four-year college or university.
(2)
A degree in another field may be considered based on the experience
of the individual.
(3)
The selected candidate must have a minimum of five years'
experience in business, nonprofit, or governmental accounting or public
finance.
(4)
The CFO should be eligible to be a member of the Government
Finance Officers Association (GFOA) or successor organization.
[11-10-2022 by Ord. No. 8423]
With the approval of the City Administrator, the CFO shall hire
assistants, personnel, and consultants as are necessary to carry out
all the duties and assignments of the City's finance office and
as appropriated in the annual budget.
[11-10-2022 by Ord. No. 8423]
The CFO shall be considered a department director and shall
be responsible for the City's financial management operations.
(a) The CFO shall serve as tax collector and treasurer and collect all
taxes and fees as authorized by Council, except as otherwise proscribed
by law.
(b) The CFO shall be responsible for the performance and oversight of
the City's financial management systems.
(c) The CFO shall be responsible for the preparation of the annual operating
budget and capital improvement plan under the direction of the City
Administrator.
(d) The CFO shall prepare and submit regular financial reports to Council
and the City Administrator, including but not limited to budget performance,
cash flow, and bank account reconciliation.
(e) The CFO shall provide for secure deposits of all City funds in depositories
approved by the Council and shall provide for lawful investment of
idle funds.
[11-10-2022 by Ord. No. 8423]
(a) The CFO shall not hold any elected governmental office while serving
as the City's CFO.
(b) The CFO shall not accept gifts from any persons who may gain personally
from any transaction with the City.
[11-10-2022 by Ord. No. 8423]
The CFO shall annually provide a lawful fidelity bond in an
amount to be approved by the Council. The premium of the bond shall
be paid by the City.