Hillsborough Municipal Code Ch. 2.10 Finance Director

The Hillsborough city treasurer position (established by California Government Code Section 36501(c)) shall be known as the finance director. Pursuant to the special election held under Government Code Section 36508—36509 on February 18, 1928, whereby the formerly elected position of city treasurer was made appointive, the finance director shall be appointed. Pursuant to Section 2.06.020C of this code, such appointment shall be made by the city manager.

(Ord. 581, § 1 (part), 1999)

The powers and duties of the finance director shall include without limitation the financial and accounting duties imposed upon the city clerk by California Government Code Sections 40802 through 40805, together with the powers and duties imposed upon the city clerk by California Government Code Title 4, Division 3, Part 2, Chapter 4 (consisting of Sections 37201 through 37210) and all other duties as established by the town or imposed upon the city treasurer by law.

(Ord. 581, § 1 (part), 1999)

The finance director shall keep a complete set of books in which all financial transactions of the town shall be recorded.

(Ord. 581, § 1 (part), 1999)

The finance director shall be responsible for the internal audit function of the town. The finance director shall present to the city council an annual independent audit of the town. The audit shall be performed in accordance with Generally Accepted Auditing Standards (GAAS) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is hereby accepted as the standard setting body for establishing governmental accounting and financial reporting principles.

(Ord. 581, § 1 (part), 1999)

The finance director shall be responsible for receiving all money belonging to the town and shall receive all other money directed by law or this code to be paid, and shall issue receipts therefore.

(Ord. 581, § 1 (part), 1999)

The finance director shall keep such accounts, receipts, and records as shall be prescribed by law, this code, and the town manager. Records shall be maintained in accordance with the town's records retention and disposition policy.

(Ord. 581, § 1 (part), 1999)

The finance director shall be responsible for the safekeeping of all money received by the town.

(Ord. 581, § 1 (part), 1999)

The finance director shall allow no payment:

A. Without first deducting any indebtedness due from the claimant of the town, if notice of such indebtedness has been received; and

B. In favor of any officer, employee, or individual having custody of any funds or collections for the town, who is delinquent in making the required accounting to the town.

(Ord. 581, § 1 (part), 1999)

The finance director is designated as the town treasurer to the investment and safeguarding of town funds. Investment procedures shall be as designated in the town's current investment policy as adopted by the city council.

(Ord. 581, § 1 (part), 1999)

Subject to the provisions of this chapter, the finance director is authorized to disburse available funds of the town on checks issued for payment of accounts, payroll, and contract payments, all arising out of or founded upon an express or implied contract, and claims against the town or against any employee, officer, or agent of the town acting in his or her official capacity.

(Ord. 581, § 1 (part), 1999)