(A) The Finance Director shall prepare the annual budget for Council approval and shall implement the same upon final approval.
(B) The Finance Director shall make regular financial reports to the Council as to the fiscal status of the town and make such adjustments to the budget as recommended to and approved by the Council.
(C) It shall be the duty of the Finance Director to see that no indebtedness is incurred nor expenditure made in violation of the Arizona Constitution, the state budget laws, Arizona Revised Statutes, or the Chino Valley Procurement Code.
(D) The Finance Director shall hold the office of Town Treasurer and receive and safely keep all monies that shall come to the town and pay out the same when authorized by the Council. He or she shall keep a separate record and account of each different fund provided by the Council, apportion the monies received among the different funds as prescribed by the Council, and keep a complete set of books showing: every money transaction of the town, the state of each fund, from what source the money in each fund was derived, and for what purpose expended, and he or she shall make regular reports to the Council of all receipts and disbursements and the balance in each fund. At the end of the fiscal year, he or she shall make a full and detailed statement of the receipts and expenditures of the town during the year, specifying the different sources of revenue and the amount received from each, all appropriations made by the Mayor and Council, and the object for which they were made, and the amount of money expended under each, the evidences of indebtedness issued, and what portion remains thereof outstanding, with the rate and amount of interest due thereon, and the amount of cash on hand.