The Director of Finance shall be appointed by the Mayor, with the approval of Council on the basis of the Director of Finance's competence as demonstrated by experience, education, or both. The Mayor may also designate an officer or employee of the City, who, during the absence or disability of, or during a vacancy in the office of, the Director of Finance, shall exercise the powers and discharge the duties and functions of the Director of Finance under the title of Acting Director of Finance. The Director of Finance shall have knowledge of municipal accounting and taxation, and shall have had experience in budgeting and financial control. The Director of Finance shall have charge of the administration of the financial affairs of the City under the direction of the Mayor, and to that end, shall have authority and shall be required to:
(1) Prepare and submit the current income and expense estimates for the budget as directed by the Mayor.
(2) Supervise and be responsible for the disbursement of all monies, and control all expenditures so that appropriations are not exceeded.
(3) Maintain a general accounting system for the City government; keep accounts for and exercise budgetary control over each office, department and agency; keep separate appropriations accounts each of which shall show the amount of the appropriation, the encumbrances thereon, the amounts expended therefrom, and the unencumbered balance therein; require reports of receipts and disbursements from each receiving and disbursing agency of the City government at such intervals as may deem expedient and in such form as the Director of Finance shall require.
(4) Submit to the Mayor upon request, but not less often than monthly, a statement of receipts and disbursements and account balances in sufficient detail to show the financial condition of the City.
(5) Prepare for the Mayor, as of the end of each fiscal year, a complete financial statement and report.
(6) Receive and record all fees and revenues due the City.
(7) Have control of all public funds belonging to or under control of the City, or any office, department or agency of the City government, and deposit said funds in such depositories as may be designated by resolution of the Council.
(8) Have control of all investments and invested funds of the City government, or in possession of such government in a fiduciary capacity; make all investments on behalf of the City after consultation with the Mayor and Director of Law; and have the safekeeping of all bonds and notes of the City and the receipt and delivery of City bonds and notes for transfer, registration or exchange.
(9) Attend, in person or by authorized delegate, all regular Council and Public Utilities Board meetings.
(10) Perform such other services, not inconsistent with this Charter, as may be required by either the Mayor or the Council.
(Amended by voters 11-2-21.)