No person shall hereafter serve as the Chief Financial Officer unless the person meets at least one (1) of the following criteria:
(a) The person possesses a valid certificate issued by the California State Board of Accountancy under Chapter 1 (commencing with Section 5000) of Division 3 of the Business and Professions Code showing that person to be, and a permit authorizing that person to practice as, a certified public accountant; or
(b) The person possesses a baccalaureate degree from an accredited university, college or other four (4) year institution, with a major in accounting or its equivalent, as described in subdivision (a) of Section 5081.1 of the Business and Professions Code, and has served within the last five (5) years in a senior fiscal management position in a county, city, or other public agency, a private firm, or a nonprofit organization, dealing with similar fiscal responsibilities, for a continuous period of not less than three (3) years. (§ 3, Ord. 1450, eff. January 5, 2015)