(A) There is hereby established a Finance Department. The Department shall consist of the Finance Director, appointed by the City Manager, and such other officers and employees as may be provided by the City Council.
(B) The Finance Department shall:
(1) Serve as City Comptroller and perform the duties vested in the City Comptroller by state law;
(2) Provide a bond furnished by an accredited surety company. The cost of the bond shall be paid by the city;
(3) Serve as a member of the Board of Trustees for the Firefighters’ Pension Fund;
(4) Make purchases; all contracts for the purchase of goods or services shall comply with ILCS Ch. Act 5, § 8-9-1 as amended and shall require the publishing of a formal bid solicitation or notice to bidders, and approval by the City Council. Contracts for purchase of goods or services under this amount may be approved by the City Manager or his or her designee.
(5) Have charge of the administration of the financial affairs of the city, subject to, however, the supervision and direction of the City Manager and in compliance with all federal, state and city rules and regulations. These duties shall include but are not limited to planning, organizing and directing all operations of the Finance Department including budgeting, purchasing, contracts, accounting, payroll, appropriation, disbursement, investment of all city funds and long-range planning with other fiscal activities.
(1990 Code, § 2-226) (Ord. 97-1767, passed 8-4-1997; Ord. 2000-1955, passed 5-1-2000; Ord. 19-3600, passed 12-2-2019)
Statutory reference:
Municipal finance generally, see ILCS Ch. 50, Act 330, §§ 1 et seq.; ILCS Ch. 65, Act 5, §§ 8-1-1 et seq.