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Director of Treasury <br /> Under the direction of the Controller,the City's Director of Treasury is responsible for the day-to-day <br /> management of the City's cash and investment portfolio.This includes performing all bank reconciliations <br /> and resolving discrepancies,as well as serving as the point of contact for City employees,bank <br /> representatives, or investment management professionals on matters of cash handling,cash management,or <br /> investment management.The Director of Treasury is also responsible for ensuring that correct cash <br /> handling procedures are followed. <br /> Directors of Department Finance <br /> Directors of Department Finance are responsible for ensuring that cash receipts are correctly entered into <br /> DFO as they are received by various members of their assigned departments.Additionally,Directors of <br /> Department Finance work with the Director of Treasury to ensure that proper cash handling procedures are <br /> followed in each department and to identify cash receipts that are received by the Director of Treasury <br /> (especially those received via wire transfer or automated clearing house (ACH)). <br /> Section 4. Establishment of Procedures <br /> Except as otherwise provided,it is the Controller's responsibility to establish,direct,modify,and otherwise <br /> maintain,from time to time as the Controller may determine in the Controller's discretion, the procedures <br /> for carrying out the administrative and financial activities associated with the subject matter of this <br /> Policy. Due to the fundamental importance of maintaining strong cash reserves and the inherent risks <br /> associated with handling cash reserves,the Controller has established,both within and without DFO, <br /> certain rules and procedures for all divisions of the City to protect the City's financial position and safeguard <br /> the City's assets,including appropriate internal control measures in accordance with the City of South Bend <br /> Internal Control Policy and its supplemental materials. Those rules and procedures are included as <br /> supplements to this Policy and may be amended, supplemented,or eliminated from time to time as the <br /> Controller may deem appropriate,without the need for further approval of the Mayor or amendment to this <br /> Policy. <br /> Section 5. Effective Date and Approval <br /> This Policy is effective on May 1,2021, and supersedes all prior policies addressing the same subject matter. <br /> Established pursuant to South Bend Municipal Code Sec.2 21(b): <br /> Daniel Parker,City Controller <br /> Date: May 10,2021 <br /> Approved pursuant to South Bend Municipal Code Sec.2-21(c): <br /> )a es Mueller,Mayor <br /> Date: May 10,2021 <br /> 26 <br />