(A) There is hereby created the position of City Treasurer. The City Treasurer shall be appointed by the Mayor with the advice and consent of the City Council. The City Treasurer shall be appointed and serve for a term of four years. If a vacancy occurs in the office of City Treasurer, it shall be filled in the same manner as initial appointments are made.
(B) The City Treasurer shall have the following powers and duties:
(1) Receive and deposit all money belonging to the city;
(2) Deposit daily all receipts in depositories designated by the City Council. The Treasurer shall be discharged from responsibility for all funds deposited in a designated depository while the funds are so deposited;
(3) Issue receipts, specifying the date, amount of payment and the account to which the money shall be deposited. The Treasurer will file copies of the receipts with the Finance Department daily;
(4) Reconcile, each month, the bank accounts statements with the assistance of the Finance Department;
(5) Sign all checks lawfully prepared and submitted for the City Treasurer’s signature by the
Finance Director. A facsimile signature may be used at the discretion of the City Council;
(6) Sign the annual Treasurer’s report. The report shall be prepared by the Director of Finance. The contents of the report are subject to review by the City Treasurer. Upon publication of the report certified by the City Clerk, the City Treasurer shall file a copy of the report with the County Clerk, County Treasurer and City Clerk, as required by law;
(7) Serve as treasurer of the Boards of the Firefighters’ Pension Fund and the Police Pension Fund;
(8) Provide a bond furnished by an accredited surety company. The cost of the bond shall be paid by the city; and
(9) When authorized by the City Manager, appoint a Deputy who, in the absence of the City Treasurer, shall perform all duties of the City Treasurer. The Treasurer, and the City Treasurer’s bondsmen, shall be held jointly and severally responsible for the fidelity of the Deputy.
(C) The City Treasurer shall receive no compensation for serving in this position.
(1990 Code, § 2-161) (Ord. 62-643, passed 2-5-1962; Ord. 77-507, passed 3-21-1977; Ord. 97-1766, passed 8-4-1997; Ord. 19-3589, passed 8-5-2019)
Statutory reference:
City Treasurer generally, see ILCS Ch. 65, Act 5, §§ 3.1-35-40–3.1-35-85
Deputy Treasurer, see ILCS Ch. 65, Act 5, § 5-3-12
Qualified depositories, see ILCS Ch. 65, Act 5, § 3.1-35-50; ILCS Ch. 30, Act 235, § 6
Treasurer to be elected, see ILCS Ch. 65, Act 5, § 5-2-19