Powers and duties of treasurer
77(1)The treasurer is the chief financial and accounting officer of the municipality and shall
(a)
collect and receive all money of the municipality,
(b)
open one or more accounts in the name of the municipality in a chartered bank, credit union or other similar place of deposit approved by the council, and deposit in the accounts all money received by him or her on account of the municipality,
(c)
keep such books of record and account as the regulations or the council require,
(d)
be the custodian of all books kept as required by paragraph (
c) and all financial documents of the municipality,
(e)
as soon as practicable after the end of each fiscal year prepare a detailed statement of the finances of the municipality and submit the same, when audited, to the council,
(f)
prepare and submit periodic statements to the council as the council requires,
(g)
ensure that the municipality is protected by insurance against risks that may involve pecuniary loss or liability on the part of the municipality,
(h)
advise the council and its committees on all matters relating to finance or accounting, and
(i)
perform such other duties as the council assigns to him or her.
Powers and duties of assistant treasurer
77(2)The assistant treasurer is subject to the directions of the treasurer and, in the absence or disability of the treasurer or when there is no treasurer, has all the powers and duties of the treasurer.
1966, c.20, s.78; 2003, c.27, s.30