The Finance Department is vested and charged with the following duties and responsibilities:
(A) To maintain and operate the general accounting system of the city and of each of the respective departments, offices and agencies thereof;
(B) To perform the accounting functions and duties in accordance with the latest and most modern accounting methods as the science of accounting progresses;
(C) To keep and maintain, or to prescribe and require the keeping and maintaining of inventory records of municipal properties necessary in accordance with modern municipal accounting practices;
(D) To assume, maintain and perform all functions and duties relating to the administration and control of sales taxes levied by the city and of the collection thereof;
(E) To assume and perform all municipal functions and duties relating to the preparation, auditing, presenting and disbursement of claims and demands against the city, including payrolls;
(F) To assist the City Manager in the preparation of the annual budget and in the administration thereof;
(G) To prepare and present to the City Council through the City Manager in sufficient detail to show the exact financial condition:
(1) A monthly (or more frequently as may be desired) statement of all receipts, disbursements and balances of the city;
(2) An annual statement and report of the financial condition of the city;
(3) Other financial reports as may be required by the City Council or City Manager.
(H) To prepare and present the annual report required by law to the State Controller and other further and additional reports as may be required by the City Council or City Manager.
('61 Code, § 2.71) (Ord. 278, passed - - )