§ 2-3.404. Treasury Duties of the Finance Department.

The Finance Department shall:

(a)

Be responsible for the safe deposit of all moneys in the custody of the City.

(b)

Deposit and invest City funds for the benefit of the City in legally authorized banks and securities in accordance with California Government Code Sections 53601 and/or 53635 as those sections exist and may be amended from time to time.

(c)

Deposit moneys in and enter into contracts with any depository in accordance with California Government Code Section 53682.

(d)

Account for the disbursement of all moneys and audit all expenditures to ensure that appropriations are not exceeded.

(e)

Have the authority to examine all contracts, orders and other documents by which the City may incur a financial obligation.

(f)

Be responsible for the assessment of all taxable properties within the corporate limits of the City unless such function has been delegated to another governmental agency.

(g)

Receive all City revenues; provided, however, that nothing herein shall prohibit contractual agreements for the collection of such revenues on behalf of the City.

(h)

Prescribe the form of all receipts.

(i)

Have the responsibilities and duties assigned by this Code to the treasurer, and such other duties as the Modesto Municipal Code or the City Manager shall specify.

(Added by Ord. 3321-C.S., § 1, effective 11-13-03, as amended by Ord. 3605-C.S., § 1, effective 7-24-14)