A. The Mayor shall, subject to the approval of Council, appoint a Finance Director, who shall serve at the pleasure of the Mayor. Said appointment shall be concurrent with the Mayor’s elected term and shall expire at the end of each such term. Said appointment shall be made within 60 days of the commencement of the Mayor’s term and the previously appointed Director of Finance shall serve until the appointment is effective.
B. The Finance Director shall be in charge of the Department of Finance, and shall be the fiscal officer of the City and shall supervise the keeping of all the financial accounts of the City and the several departments and officers thereof. It shall be the Finance Director’s duty to keep an accurate account of all taxes and assessments, of all the money due to and all receipts and disbursements by the City, of all the assets and liabilities of the City, and of all appropriations made by the Council. The Finance Director shall examine and approve if in proper order and sign all warrants. The Finance Director shall assist the Mayor and the Council in the preparation of estimates, budgets and appropriations and shall perform all other duties required by this Charter and by ordinance of Council. Until other provisions is made by Council, the Finance Director shall collect, receive, hold, deposit, invest and disburse the moneys and funds of the City in accordance with the Charter and all ordinances or other measures enacted by Council.
C. “Investment Board” - The investment of the City moneys shall be managed by the Twinsburg Treasury Investment Board in such manner as Council shall prescribe. The composition of such Board shall be as prescribed by Council, except that one (1) member of Council shall be a member of the Board.
(Amended November 2, 2004)