It shall be the duty of the city "chief procurement officer", as defined by section 3.24.030 of this code, or its successor section, to maintain a complete record and valuation of all permanent personal property belonging to the city, and he/she shall, subject to the approval of the director of finance, devise appropriate methods and prescribe the forms of records to be kept and the operating procedure to be followed in maintaining the proper accounts pertaining thereto. He/she shall also keep a record of all new or used permanent personal property acquired by the city and of its disposition. (Amended during 1/88 supplement: Ord. 88-86 § 62, 1986: prior code § 33-2-1)