(A) Bond. The City Treasurer shall execute a bond to the city as prescribed by law.
(B) Duties.
(1) The Treasurer shall receive from the Director of Finance all monies belonging to the city and shall deposit daily all sums received by him or her as Treasurer during banking hours, and money as he or she may have received on the previous day after banking hours, in one of the banks which is at the time designated as a depository of city funds. The Treasurer shall, subject to specific directions from Council, distribute the city funds among the authorized depository banks in a manner that there shall, so far as is possible, be sufficient funds for the payment of current bills in the bank designated by the Director of Finance as the active bank through which the current bills of the city shall be paid and not more in any of depository banks than an amount equal to two-thirds of the amount of bond of the bank filed by the depository as required by law and as approved by Council. The Treasurer shall keep books of account showing all sums received, and for what account; all deposits in depository banks and all sums paid out from each of the accounts in the depository banks, and to whom payable and the fund against which the same is charged; and the date of each receipt and disbursement. The books of account are subject to inspection by the Director of Finance, the Mayor or any member of Council.
(2) Annually, between April 1 and April 10, the Treasurer shall make out and file with the City Clerk a full account of all receipts, expenditures and transactions during the preceding fiscal year showing the state of the treasury at the close of the fiscal year, which account the Clerk shall immediately cause to be published in a newspaper published in the city.
(3) The Treasurer shall make reports to the Director of Finance and furnish him or her with information as the Director of Finance may from time to time request and shall also make and furnish reports and information to Council upon its request.
(4) No withdrawals shall be made of any city funds or any money drawn except upon order or warrant, signed by any two of the following city officials/officers: the Mayor, the Treasurer, the City Clerk and the Director of Finance, which order or warrant shall indicate the depository bank at which the warrant shall be payable.
(5) The Treasurer shall keep all funds or monies belonging to Special Assessment or Special Tax Fund entirely separate and apart from, and in a separate account from, any corporate or other funds, and shall in no case issue or permit the issuance of any voucher, warrant or check against any account containing Special Assessment Funds, except for a purpose for which payment may be made lawfully from the fund. In no event shall any such account be used to pay any corporate expense.
(6) The Treasurer shall perform other and further duties as fixed by the statutes of the state or the ordinances of the city.
(Ord. passed 1-2-1980; Ord. 01-23, passed 9-25-2001)