(A) Appointment; compensation. There is hereby created the office of Treasurer, who shall be appointed by the President with the advice and consent of the Board of Trustees, and he or she shall receive such compensation as may be set from time to time by the Board of Trustees.
(B) Bond. The Village Treasurer shall give a bond before entering upon his or her duties, in the sum required by the Board of Trustees, but such amount shall not be less, or more, than that required by statute. This bond shall be conditioned upon the faithful performance by the Treasurer of his or her duties and shall be conditioned to indemnify the village for any loss by reason of any neglect of duty or any act of the Treasurer.
(C) Duties.
(1) The Treasurer shall perform such duties as may be prescribed for him or her by statute or ordinance.
(2) He or she shall receive all money paid into the village, either directly from the person paying the money or from the hands of such other official or employee as may receive it, and he or she shall pay out money only on vouchers or orders properly signed by the President and Clerk of the village.
(D) Deposit of funds. The Treasurer shall deposit the village funds in such depositories as may be selected from time to time as is provided by law. The Treasurer shall keep the deposit of the village money separate and distinct from his or her own money and shall not make private or personal use of any village money.
(E) Records. The Treasurer shall keep the records showing all money received by him or her, showing source from which it is received and the purpose for which it is paid, and shall keep records at all times showing the financial status of the village.
(F) Accounting. The Treasurer shall keep such books and accounts as may be required by statute or ordinance and he or she shall keep them in the manner required by the Board of Trustees.
(Prior Code, § 31.26)