SEC. 2-175.5. CHIEF FINANCIAL OFFICER.

   Effective April 14, 2008, all references to the classification of director of finance, finance and management services director, or finance director in the city code, and any in city resolutions, agreements, contracts, rules, regulations or procedures shall incorporate the classification and/or working title of chief financial officer.

(Ord. No. 2772)

SEC. 2-176. FINANCIAL AND ACCOUNTING DUTIES.

   (A)   Pursuant to Cal. Gov't Code Section 37209, the duties imposed on the city clerk by Chapter 4, Part 2, Division 3, Title 4 of the Cal. Gov't Code are transferred to the director of finance.

   (B)   Pursuant to Cal. Gov't Code Section 40805.5, the financial and accounting duties imposed on the city clerk by Cal. Gov't Code Sections 40802 through 40805 are transferred to the director of finance.

   (C)   Pursuant to Cal. Gov't Code Section 34004, the duties imposed on the city treasurer by Cal. Gov't Code Section 41004 are transferred to the director of finance.

   (D)   The powers and duties of the director of finance include centralizing fiscal and accounting duties; controlling inventory; financial reporting; and assisting in budgeting.

   (E)   The director of finance shall promote, secure and preserve the financial and property interests of the city.

   (F)   The city manager may assign to the director of finance additional powers and duties not set forth herein.

(Ord. No. 2643, 2804)

SEC. 2-177. BOND.

   The chief financial officer shall file with the city clerk a bond covering the faithful performance of the chief financial officer’s duties, in the penal sum of not less than $20,000. The bond shall conform to the provisions of Chapter 3, Division 4, Title 1 of the Cal. Gov’t Code. The premium on the bond shall be paid by the city.

(Ord. No. 2643, 3031)

SEC. 2-178. FISCAL YEAR.

   The fiscal year of the city shall begin on the first day of July and end on the last day of June of each calendar year.

(Ord. No. 2643)