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:

Terms Used In New Mexico Statutes 3-37-3

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

(1)     receive all money belonging to the municipality;

body;

(2)     keep his accounts and records in the manner prescribed by the governing (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.

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