(A) There is created the office of Finance Officer/Budget Director of the city.
(B) The powers and duties of this office shall be as provided in the position description set forth in § 37.16.
(C) The oath of office to be executed by the Finance Officer/Budget Office shall be that set forth in Section 228 of the Constitution of the Commonwealth of Kentucky. Before entering upon the duties of the office, the Finance Officer/Budget Officer shall provided bond, if required, with a corporate surety authorized and qualified to transact business in Kentucky and conditioned upon the performance of the duties specified in division (B) above.
(D) Compensation for this office shall be in an amount as established by ordinance of City Council.