What are the duties and responsibilities of the municipal treasurer?

The municipal treasurer plays an essential role in the functioning of a municipality. In Washington, the municipal treasurer is responsible for managing the city’s finances, including taxes, investments, and general accounting. They are typically responsible for maintaining accurate financial records, including accounts payable and receivable, cash flow, and income statements. In addition, the treasurer is typically responsible for collecting and disbursing all taxes due to the municipality, and preparing an annual financial report for review by the city council or governing body. The treasurer is also responsible for administering an investment policy for the municipality, which can include investing in bonds and other government securities. Furthermore, the treasurer is responsible for authorizing expenditures and ensuring that the municipality spends funds according to the municipal budget. They must also monitor the municipality’s debt to ensure that the city is not overburdened with debt. Lastly, the treasurer is often responsible for overseeing the municipal bond rating, which is an indication of the municipality’s financial stability and creditworthiness. In Washington, the municipal treasurer must be a state-certified public accountant and is typically appointed by the mayor or city council. The treasurer is accountable to the state auditor’s office and must ensure that the municipality complies with various state laws and regulations. While every municipality is different, the duties and responsibilities of the municipal treasurer are essential to the financial well-being of a city.

What are the duties and responsibilities of the municipal treasurer?

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