The Town Administrator shall appoint a Finance Director whose powers and duties shall be:
(A) He or she shall keep the accounts of the town in accordance with generally accepted principles of governmental accounting and the rules and regulations of the Local Government Commission, as set forth in G.S. §§ 159-1 et seq.
(B) He or she shall disburse all funds of the town in strict compliance with G.S. Ch. 159, the budget ordinance and each project ordinance, and shall preaudit obligations and disbursements as required by G.S. Ch. 159.
(C) As often as may be requested by the Board of Aldermen or Town Administrator, he or she shall prepare and file with the Board a statement of the financial condition of the town.
(D) He or she shall receive and deposit all moneys accruing to the town, or supervise the receipt and deposit of money by other duly authorized officers and employees.
(E) He or she shall maintain all records concerning the bonded debt and other obligations of the town, determine the amount of money that will be required for debt service or the payment of other obligations during each fiscal year, and maintain all sinking funds.
(F) He or she shall supervise the investment of idle funds of the town.
(G) He or she shall perform such other duties as may be assigned to him or her by law, by the Town Administrator or Board of Aldermen, or by rules and regulations of the Commission.