(A) Office created. There is hereby created the office of Treasurer of the village, an executive office. The Village Treasurer shall be appointed by the Mayor by and with the advice and consent of the Village Board, to serve for a two-year term until his or her successor is qualified, as approved by statute.
(2016 Code, § 4.101)
(B) Bond. The Treasurer shall give bond conditioned upon the faithful performance of his or her duties and to indemnify the village for any loss due to neglect of duty or wrongful act on his or her part; and the amount of such bond shall be not less than 10% of the highest amount of taxes, special assessments and water revenue receipts received by the Treasurer during any fiscal year in the preceding five fiscal years nor less than one and one-half times the largest amount which the Village Board estimates will be in his or her custody at any one time. Such bond shall be filed with the Clerk as required by statute.
(2016 Code, § 4.102)
(C) General duties. The Treasurer shall perform such duties as may be prescribed for him or her by statute or ordinance. He or she shall receive all money paid to the village, either directly from the person paying it or from the hands of such other officer as may receive it, and he or she shall pay out money only on vouchers or orders properly signed by the Village Clerk and the President/Mayor.
(2016 Code, § 4.103)
(D) Deposit of funds. He or she shall deposit the village funds in such depositories as may be selected from time to time as is provided by law, and he or she shall keep the village money separate and distinct from his or her own and shall not intermingle his or her own money with it or make private or personal use of the village funds.
(2016 Code, § 4.104)
(E) Records. The Treasurer shall keep records showing all money received by him or her, the source from which it was received, and the purpose for which it was paid out; and he or she shall keep a record showing at all times the financial status of the village.
(2016 Code, § 4.105)
(F) Accounts. The Treasurer shall keep such books and accounts as may be required by the Village Board and shall keep them in the manner required by the Village Board.
(2016 Code, § 4.106)
(G) Reports. The Treasurer shall make monthly reports to the Village Board showing the state of finances of the village, and the amounts received and spent during the month, which reports shall be filed. He or she shall make an annual report after the close of the fiscal year, as required by statute, with the total amount of all receipts and expenditures of the village and his or her transactions as Treasurer during the preceding year. The Treasurer shall also arrange for the auditing of accounts at the close of the fiscal year by an outside auditor, approved by the Village Board.
(2016 Code, § 4.107)