Chapter 2.40


2.40.005    Creation.

2.40.010    Definition and appointment.

2.40.020    Purpose.

2.40.030    Duties.

2.40.005 Creation.

The department of finance is comprised of the following:

A. Finance. (Ord. 11-005 § 4, 2011; Ord. 08-003 § 11, 2008)

2.40.010 Definition and appointment.

A. The director of finance includes the titles city fiscal agent and chief financial officer.

B. The director of finance shall be appointed by the city manager and serve at the pleasure of the city manager. (Ord. 15-022 § 3, 2015; Ord. 11-005 § 4, 2011; Ord. 08-003 § 11, 2008)

2.40.020 Purpose.

In accordance with the City of Palmer Charter, the department of finance is established for the collection, receipt, and custody of taxes, moneys, and things of value belonging to the city. A director of finance will be responsible for the department. (Ord. 11-005 § 4, 2011; Ord. 08-003 § 11, 2008)

2.40.030 Duties.

The functions of the department shall include:

A. Custodian of all city funds;

B. Revenue and expenditure accounting including budget control reporting, federal and state aid accounting and other financial reporting;

C. Payroll administration;

D. Investment management;

E. Debt service management;

F. Compilation and maintenance of the city’s budget based on detailed department estimates and work programs and control it under direction of the manager and council;

G. Certification of available funding for all appropriations and encumbrances;

H. Establish and control such procedures as are necessary to protect city funds and property; general fixed asset accounts, i.e., acquisition or disposal;

I. Prepare and submit financial reports to local, state and federal agencies;

J. Maintain and issue notifications of special assessment areas, assess taxes as directed by council, administer the billing and collecting of taxes, and the administration of tax and assessment foreclosure process and foreclosure sales;

K. Control, administration and inventory of real property and personal property of the city;

L. Purchasing and accounts payable maintenance;

M. Automated data processing for the finance department and coordination of automated data processing for all departments; and

N. Other duties as assigned by the manager. (Ord. 11-005 § 4, 2011; Ord. 08-003 § 11, 2008)