(A) The Chief Financial Officer shall be ex-officio Treasurer of the Board of Trustees of the Policemen's and Firemen's Pension Fund and Custodian of the Pension Funds.
(B) The Chief Financial Officer, as Custodian, shall securely keep the Fund, subject to the control of the Board, and shall keep his or her books and accounts concerning the funds in such manner as may be prescribed by the Board. The books and accounts shall always be subject to the inspection of the Board or any Board member.
(C) The Chief Financial Officer shall, within ten days after his or her appointment, execute a bond to the city with good surety, in the penal sum as the Board of Trustees directs, to be approved by the Board, conditioned for the faithful performance of the duties of his or her office, and that he or she will safely keep and truthfully account for all money and properties that come into his or her hands as Treasurer of the Pension Fund, and that upon the expiration of his or her term of office he or she will deliver to his or her successor all securities, unexpended moneys and other properties that come into his or her hands as Treasurer of the Fund. The bond shall be filed in the office of the Chief Financial Officer, and suit may be filed thereon in the name of the city for the use of the Board or any person injured by its breach.
(KRS 95.628) (Ord. 448, passed 12-17-1946; Ord. 28-2019, passed 12-17-19)