(A) Security bond. The City Treasurer, before entering upon the duties of his or her office, shall execute a bond to the city in the sum of $15,000 with surety to be approved by the Council, condition as required by law.
(B) Receiving money. He or she shall receive all monies belonging to the city and shall render at the end of each month and more often, if required, a statement under oath to the Committee on Finances and Auditing showing the state of the treasury at the date of such account and the balance of the money in the treasury. Such statement shall set forth all the monies received by him or her and from whom and on what account they shall have been received and, also, all money paid out by him or her and on what account it shall have been paid.
(C) Books of account. Said Treasurer shall cause to be kept books of account in such manner as to show, with entire accuracy, all monies received by him or her and from whom and on what account it shall have been received and all monies paid out by him or her and on what account it shall have been paid and in such manner that such books may be readily understood and investigated. Such books and all papers and files in his or her office shall be, at all times, open to the examination of the Mayor or any member of the Council.
(D) Bank deposits. The City Treasurer shall deposit the funds of the city in such bank or banks as may be designated according to law and shall make to the Committee on Finances and Auditing, annual report under oath of all interest on monies received or credited to the City Treasurer or to the city by any such bank in which is deposited any monies of the city including special assessments.
(E) Other duties. He or she shall perform such other duties usually incident to the office of City Treasurer as may from time to time be required by the Mayor or any member of the Council and such other duties as may be required to be performed by any other city ordinance or by law.
(F) Term of office. The City Treasurer shall hold office for a term of four years and until his or her successor is elected and qualified.
(G) Salary. Beginning May 1, 2023, the salary of the City Treasurer shall be $7,000.
(Prior Code, Chapter 4, Article 6) (Ord. 16 (Series 1974-1975), passed - -; Ord. 7 (Series 1992-1993), passed 9-21-1992; Ord. 6 (Series 2020-2021), passed 10-5-2020)