(A) For provisions concerning the appointment of the Finance Officer, see Charter Sec. 4.5.
(B) The Finance Officer shall have the following powers and duties:
(1) Keep the accounts of the town in accordance with the generally accepted principles of governmental accounting and the rules and regulations of the state.
(2) Disburse all funds of the town in strict compliance with state law, the budget ordinance, and each project ordinance and shall preaudit obligations and disbursements as required by state law.
(3) Prepare and file with the Town Council a statement of the financial condition of the town, as often as may be requested by the Town Council.
(4) Receive and deposit all moneys accruing to the town or supervise the receipt and deposit of money by other duly authorized officers or employees.
(5) Maintain all records concerning the bonded debt and other obligations of the town, determine the amount of money that will be required for debt service or the payment of other obligations during each fiscal year, and maintain all sinking funds.
(6) Supervise the investment of idle funds of the town.
(7) Perform such other duties as may be assigned to them by law or by the town.
(8) Attend any training required by the Local Government Commission under this section.
(9) Contract with outside entities, including certified public accountants in good standing with the North Carolina State Board of Certified Public Accountant Examiners, bookkeeping firms, councils of government, and other units of government, to ensure fulfillment of the duties enumerated in this section, excluding division (B)(6), except where specifically allowed by law, and division (B)(8). Regardless of the entity performing such duties, the authority, powers, and duties of the Finance Officer shall not be superseded, and the responsibility for accurate and timely fulfillment of duties lies solely with the Finance Officer.
(G.S. § 159-25(a))