What are the duties and responsibilities of the municipal treasurer?

The municipal treasurer in the state of Virginia is responsible for the collection, management, and disbursement of all municipal funds. The treasurer must ensure that all monies received are accurately recorded and safeguarded, while all payments made are correct and timely. The treasurer is the custodian of the municipal funds, and must ensure proper accounting of all financial transactions. This includes maintaining records of all purchases and payments, as well as keeping up-to-date statements on all accounts. The treasurer is also responsible for reconciling the accounts on a regular basis and preparing and submitting reports to the municipal governing board. The treasurer must also prepare the municipal budget and propose changes or amendments, as necessary. Furthermore, the treasurer must prepare and review annual statements, which detail the financial activities of the municipality over the course of the year. Additionally, the municipal treasurer is responsible for collecting taxes and fees from residents, businesses, and other entities, as well as distributing payments to all stakeholders. Finally, the municipal treasurer must be up-to-date on all applicable local, state, and federal laws regarding municipal finances, and must ensure that the municipality is compliant at all times. The treasurer must also inform the governing body and residents of any changes or updates in the laws or regulations.

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What are the duties and responsibilities of the municipal treasurer?

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