(a) The Department of Finance shall be under the supervision of the Director of Finance. The Director of Finance need not be an elector of the City but shall be a certified public accountant and have a minimum of five (5) years experience in public or private accounting.
The Director of Finance shall be appointed by the Mayor with the approval of a majority of Council. Disapproval of an appointee by Council shall be accompanied by a public statement of the reasons for disapproval.
The Director of Finance shall attend all Council meetings and serve the Mayor and Council as financial adviser in Municipal affairs of the City. His duties shall include the preparation of data for the annual budget, supervision of all accounts, the certification for collection of special assessments and fiscal matters as Council may direct.
(Approved Nov. 3, 1998)
(b) The Director of Finance shall establish and maintain accounting procedures necessary for keeping complete financial transactions of all departments and offices of the Municipality. Such accounting procedures and financial records shall be adequate in form and in such detail as necessary for the making of all financial reports and furnishing such other financial data and statements as may be required under this Charter.
(c) The Director of Finance shall approve all valid purchase requisitions after determining that the requisition is drawn on the proper account and that the account will not be overdrawn as a result of the requisition in question.
(Approved Nov. 5, 1968)
(d) The Director of Finance shall assist the Mayor in the preparation of an annual budget of revenue and expenditures of this City for the next succeeding fiscal year. This budget shall be prepared not less than forty-five (45) days before the end of each fiscal year and shall be compiled from information furnished by the head of each department, commission, board or division in such form and detail as the Mayor may require. The Mayor, with the assistance of the Director of Finance, shall furnish to Council the budget mentioned above as well as an ordinance making initial appropriations for the expenditures of this City during the year covered by such budget in such form as may be determined by the Mayor with the assistance of the Director of Finance. Thereafter, the Council shall review and approve the budget subject to such amendments thereto as the Council deems advisable. In conducting said review, the Council may request such additional information as may be necessary to appropriately consider the budget.
(e) The Director of Finance shall prepare financial statements, as deemed appropriate by the Director of Finance and as required by State law, at least quarterly and submit the same to the Council not later than fifteen (15) days after the end of each accounting period detailed as to appropriations and funds in such manner as to show the true financial condition of the Municipality and each department and division thereof as of the last day of the accounting period. He shall furnish such other financial reports, data and statements as shall be required by the Mayor, Council or laws of the State of Ohio.
(Approved Nov. 3, 1998)