(1) The town treasurer is custodian of all money, bonds, or other securities of the town. (2) The town treasurer shall: (a) determine the cash requirements of the town and provide for the investment of all money by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act; (b) receive all money payable to the town, within three business days after collection, including all taxes, licenses, fines, and intergovernmental revenue; (c) keep an accurate detailed account of all money received under Subsection (2)(b) in the manner provided in this chapter and as directed by the town council by ordinance or resolution; and (d) collect all special taxes and assessments as provided by law and ordinance.
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