3-37-3. Finance officer; duties; records open to inspection.
173 words·~1 min read·
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A. The treasurer shall be the finance officer for the municipality unless another officer is directed by ordinance to be the finance officer. The finance officer shall:
(1)receive all money belonging to the municipality;
(2)keep his accounts and records in the manner prescribed by the governing body;
(3)keep the money of the municipality separate from any other money in his possession;
(4)expend the money only as directed by the governing body;
(5)submit monthly, or oftener if required by the governing body, a report of the receipts and expenditures of the municipality; and
(6)prepare annually, at the close of the fiscal year, a financial report showing the receipts, expenditures and balances for each fund. A copy of the financial report shall be filed in the office of the municipal clerk as a public document.
B. The records of the finance officer shall be open to inspection by any citizen during the regular business hours of the municipality.
History: 1953 Comp., § 14-36-3, enacted by Laws 1965, ch. 300.