The Finance Officer shall serve as purchasing agent and as such shall:
(A) Make or approve all purchases of material, equipment and supplies authorized by the Board of Aldermen;
(B) Establish sets of standards and specifications to control purchases by the town;
(C) Prepare and publish specifications and notices to bidders;
(D) Advise the Board as to anticipated needs for purchases and make purchases in advance of needs as authorized by the Board;
(E) Store material, equipment and supplies in advance of actual need;
(F) Keep records of all purchases made by him or her and of the destination or ultimate use of the material, equipment and supplies; and
(G) Cause to be kept an inventory of all municipal property in his or her custody and of all municipal property in the custody of the other officers and employees of the town.
(1979 Code, § 2-4002)