(A) The City Treasurer shall be custodian of all monies belonging to the city; he or she shall deposit public funds which have come into his or her hands in such depository bank or banks or in other eligible financial institutions for depository purposes as designated by the Mayor and City Council. He or she shall keep all money belonging to the city separate and distinct from his or her own money.
(B) He or she shall keep a separate account of each and every fund or appropriation and the debits and credits belonging to the city; he or she shall give every person paying money into the treasury a receipt therefor, specifying the date of payment and on what account paid. Copies of said receipts shall be filed with his or her monthly reports made to the Mayor and City Council; and the last copy of the said receipt shall be kept on file in the Treasurer’s office. The City Treasurer’s book and accounts shall always be open for inspection by any citizen of the city whenever any city fiscal record, audit, warrant, voucher, invoice, purchase order, requisition, payroll check, receipt or other record of receipt, cash or expenditure involving public funds is involved. He or she shall cancel all bonds, coupons, warrants and other evidences of debt against the city, whenever paid by him or her, by writing or stamping on the face thereof, “Paid by the City Treasurer”, with the date of payment written or stamped thereon. He or she shall collect all special taxes, allocate special assessments to the several owners and shall obtain from the County Treasurer a monthly report as to the collection of delinquent taxes. The Treasurer’s daily cash book shall be footed and balanced daily, and he or she shall adopt such bookkeeping methods as the City Council shall prescribe. He or she shall invest and collect all money owed by, or owed to, the city as directed by the City Council.