§ 1. Powers and duties.

There shall be a Director of Finance, who shall be custodian of the monies of the City, and who, unless another is so appointed, shall be ex-officio City Treasurer. The Director of Finance shall be appointed by the City Manager and be the head of the Finance Department of the City. The Director of Finance shall pay money from the City Treasury only as provided by law and signed by the Mayor. The Director of Finance shall, under the direction of the Council, invest the funds of the City only in such securities as are provided for by the Constitution and laws of the State of Oklahoma. All uninvested funds shall be deposited in the depository or depositories of the City. In addition to those powers and duties otherwise enumerated herein, the Director of Finance shall:

(a)

Countersign all warrants for the payment of monies drawn on the City Treasury.

(b)

Be the chief accounting officer of the City and shall prepare such financial statements and reports of the financial condition of the City as may be required.

(c)

Collect all fees or monies from officers or employees and give receipts therefor, said receipts to show on their face the purpose for which said monies were collected.

(d)

Deposit daily all monies collected by the Director of Finance, from whatever source derived, taking a receipt therefor.

(e)

Give bond for the faithful performance of the duties of this office as shall be provided for by ordinance.