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The Finance Director shall receive and safely keep all monies that shall come to the Town and pay out the same. He shall keep a separate record and account of each different fund provided by the Council, apportion the monies received among the different funds as prescribed by the Council, and keep a complete set of books showing: every money transaction of the Town, the state of each fund, from what source the money in each fund was derived and for what purpose expended, and he shall make monthly reports to the Council of all receipts and disbursements and the balance in each fund. At the end of the fiscal year he shall make a full and detailed statement of the receipts and expenditures of the Town during the year, specifying the different sources of revenue and the amount received from each, all appropriations made by the Mayor and Council, and the object for which they were made, and the amount of money expended under each, the evidences of indebtedness issued, and what portion remains thereof outstanding, with the rate and amount of interest due thereon, and the amount of cash on hand. The Finance Director shall further oversee the financial duties and obligations of the Town and perform the necessary fiscal duties. The Finance Director shall be appointed, evaluated and terminated by the Town Manager in accordance with Town policies and procedures or pursuant to an employment agreement. ((O)07-37, Amended, 09/05/07; Amended 1-19-94)