(A) The Director of Finance shall be the chief fiscal officer of the City. He shall, on behalf of the City, collect all taxes, assessments and monies due; disburse funds as authorized; select depositories; invest funds when available for investment; maintain an efficient general accounting system according to Generally Accepted Accounting Principles (G.A.A.P.) as restated in Governmental Accounting for Financial Reporting (G.A.F.R.); specify and supervise departmental accounting, including invoicing, receiving and, where appropriate, cost accounting systems; and represent the City with other governmental fiscal agencies. He shall sit as a member of the Board of Control and act with the same powers and duties as other members of the Board of Control as set forth and provided in the Ohio Revised Code. The Director of Finance shall perform all duties and functions now or hereafter imposed on City Auditors and Treasurers by the laws of the State of Ohio which are not in conflict with the provisions of this Charter.