(A) Appointment; term. The Village Treasurer shall be appointed and serve until his or her successor is qualified, as provided by statute (65 ILCS, Act 5, § 3-8-1).
(B) Bond requirements.
(1) The Treasurer shall give bond conditioned upon the faithful performance of his or her duties and to indemnify the village for any loss due to neglect of duty or wrongful act on his or her part; and the amount of the bond shall be an amount of money that is not less than three times the latest federal census population or any subsequent census figure used for motor fuel tax purposes.
(2) The bond shall be filed with the Clerk, as required by statute.
(C) Powers and duties. The Village Treasurer shall have and perform the following powers and duties:
(1) General. Perform duties as may be prescribed for him or her by statute or by ordinance. He or she shall receive all money paid to the village, either directly from the person paying it, or from the hands of some other officer as may receive it, and he or she shall pay out money only on vouchers or orders properly signed by the Village Clerk and the President;
(2) Deposit of funds. Deposit the village funds in depositories as may be selected from time to time, as is provided by law, and he or she shall keep the village money separate and distinct from his or her own, and shall not intermingle his or her own money with it or make private or personal use of the village funds;
(3) Records. Keep records showing all money received by him or her, the source from which it was received, and the purpose for which it was paid out; and he or she shall keep a record showing at all times the financial status of the village;
(4) Accounts. Keep books and accounts as may be required by the Board of Trustees, and shall keep them in the manner required by the Board of Trustees; and
(5) Reports. Make monthly reports to the Board of Trustees showing the state of finances of the village, and the amounts received and spent during the month, which reports shall be filed. And he or she shall make an annual report after the close of the fiscal year, as required by statute, with the total amount of all receipts and expenditures of the village and his or her transactions as Treasurer during the preceding year.
(D) Salary. The salary of the Village Treasurer shall be set by the Village Board.
(1986 Code, § 1-6-4)