(A) The Mayor, with the approval of the City Council, shall appoint a Director of Finance, who shall have the powers, duties and responsibilities enumerated in the above sections of the Illinois Compiled Statutes as they are now or may hereafter be required by the City Council, however, such bond shall not be less that required by statute.
(B) In addition to the powers, duties and responsibilities enumerated in the above section of the Illinois Compiled Statutes, the Director of Finance shall be responsible for direct management and supervision of the financial affairs of the city not otherwise reserved to the City Treasurer. Such functions shall include, but not be limited to: responsibility for the general accounting and financial reporting of the city’s operations; supervision and coordination of the preparation of the annual city budget; analyzing financial records to forecast future cash flow and financial results; evaluating needs and sources for short-term and long-term financing; directing and formulating internal control systems; supervising all accounts payable functions; oversee the centralized purchasing functions; coordinate the annual audit; evaluate, plan and develop management information system for all areas of the city’s operations; develop a Capital Improvement Plan; supervise all employee payroll and pension functions; discharge such duties as may be assigned by the Mayor or the City Council.
(1960 Code, § 3.12) (Ord. 5584, passed 6-18-1996; Ord. 5587, passed 5-20-1996; Ord. 7951-2016, passed 5-16-2016)