There is hereby created and established the office of Director of Finance of the City of Torrance. The Director of Finance shall be appointed by the City Council upon the recommendation of the City Manager and shall be responsible to and under the supervision of the City Manager and shall be a member of the classified service of the City. The duties and functions of said Director of Finance shall be to:

a) Maintain and operate the general accounting system of the City and of the respective departments, offices and agencies thereof.

b) Keep and maintain, or to prescribe and require the keeping and maintaining of inventory records of municipal properties.

c) Cooperative with the City Manager and City Treasurer in establishing and maintaining sufficient and satisfactory procedures and controls over municipal revenues and expenditures in all departments of the City.

d) To assume and perform all municipal functions and duties relating to the preparation, auditing, presenting and disbursement of claims and demands against the City, including payrolls.

e) Assist the City Manager in the preparation of the annual budget and in the administration thereof.

f) Prepare and present to the City Council through the City Manager, in sufficient detail to show the exact financial condition of the City, an annual statement and report of the financial condition of the City and such other financial reports as may be required by the City Council or the City Manager.

g) Supervise such subordinate employees or assistants as may be authorized by the City Council.

h) Perform such additional duties as may be hereafter required by the City Council or the City Manager. (Ratified, Gen. Mun. Elec. 4/10/56, Amend No. 7; Approved by State Legislature Concurrent Res. No. 3 on 1/9/57).