There is hereby created a department of the City which shall be known as the Finance Department, which shall be responsible for the performance of the financial management and accounting functions of city government, including those of all departments and divisions thereof. The Department shall be responsible for developing, instituting, and maintaining all of the financial and accounting systems associated with the operation of city government including general ledger accounting; financial statements and reporting; cash management and investments; accounts payable and receivable; utilities billing and collection; payroll; and auditing. All personnel assigned to these functions shall come under the auspices of the Department and the direction of the finance director.
There is hereby created the office and position of City Treasurer/Director of Finance. This position hereafter referred to as "Finance Director," shall be appointed by the mayor, with the approval of a majority of the city council. The Director shall perform all duties and meet all requirements imposed by law upon the position or office and such other duties as directed. The Director shall assist the city administrator in the preparation of the annual budget. The finance director shall be responsible for the preparation of the annual estimates of revenues and expenditures of the proposed budget for the presentation of a complete financial plan for the City to the mayor and council prior to the consideration and adoption of the annual appropriation ordinance by the governing body. The finance director shall prepare and submit to the mayor and council, on a monthly basis, a complete report on the finance activities of the City. The salary of the position shall be fixed by ordinance.