(A)   The City Manager shall receive any compensation as the City Council shall fix from time to time.  He or she shall also be entitled to receive all fringe benefits provided to other full-time employees of the city and any additional fringe benefits as the City Council may approve.
   (B)   He or she shall furnish an individual surety bond or a blanket surety bond in favor of the city in the minimum amount of $10,000, or in any greater amounts as shall be established by the City Council, conditioned that he or she will faithfully discharge the duties of the office.  The premium of the surety bond shall be paid by the city.
   (C)   The City Manager is authorized to incur any reasonable business expenses and professional dues in furtherance of the authorized business, activities, and functions of the city as are approved by the City Council and or in the current city budget.
      (1)   The city will pay for or reimburse the City Manager for any expenses upon periodic and timely presentation of an itemized written account (expense report) of the expenditures to the City Council for approval no later than 30 days after the expenses are incurred.
      (2)   The expenses as are charged to any city account or on credit shall be included as a part of the referenced itemized written account (expense report) to be approved by the City Council.
(Ord. 03-1216, passed 12-16-2003)