A. The treasurer shall be the finance officer for the municipality unless another officer is directed by ordinance to be the finance officer. The finance officer shall:
(1) receive all money belonging to the municipality;
(2) keep his accounts and records in the manner prescribed by the governing body;
(3) keep the money of the municipality separate from any other money in his possession;
(4) expend the money only as directed by the governing body;
(5) submit monthly, or oftener if required by the governing body, a report of the receipts and expenditures of the municipality; and
(6) prepare annually, at the close of the fiscal year, a financial report showing the receipts, expenditures and balances for each fund. A copy of the financial report shall be filed in the office of the municipal clerk as a public document.
B. The records of the finance officer shall be open to inspection by any citizen during the regular business hours of the municipality.
History: 1953 Comp., § 14-36-3, enacted by Laws 1965, ch. 300.
Cross references. — For requirements for cash books for public money, see 6-10-2 NMSA 1978.
For bonds of treasurers, see 6-10-38 NMSA 1978 et seq.
For failure of local officer to account for money as cause for removal, see 10-4-2 NMSA 1978.
Custody of funds. — An ordinance requiring a city treasurer to deposit city funds in his hands in banks qualified as provided by the ordinance, but not restricting payments by him of such moneys on his own checks, would not deprive him of the "custody" of such funds. Territory ex rel. City of Albuquerque v. Matson, 1911-NMSC-016, 16 N.M. 135, 113 P. 816.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 56 Am. Jur. 2d Municipal Corporations, Counties, and Other Political Subdivisions § 283.
62 C.J.S. Municipal Corporations § 545; 64 C.J.S. Municipal Corporations § 1880.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.