There shall be a Department of Finance, the head of which shall be the Director of Finance, who shall be appointed by the Mayor with the advice and consent of Council, and who shall serve as chief financial advisor to Council and the Mayor. The Director shall have knowledge of municipal accounting and taxation and shall have had experience in budgeting and financial control and shall give bond in at least the sum of fifty thousand dollars ($50,000) conditioned according to law. (Passed 12-5-23.)