The Treasurer is elected for a four-year term along with the Mayor and the City Clerk. He is the custodian of all City Funds. The office is responsible for two different departments, the Treasurer's Office and the Sewer Billing and Collection Department.
The Treasurer's Office receives all monies belonging to the City of Belleville, pays all warrants signed by the Mayor and countersigned by the City Clerk and keeps a separate account of each fund or appropriation. All monies received by the Treasurer's Office are deposited within 48 hours as part of a checks and balances policy. All bank reconciliations are done in the Treasurer's Office, while all checks are produced in the Finance Department. The City of Belleville expects to receive approximately $108,664,496.00 in revenues in the 2013-2014 fiscal year.
After the annual audit is completed no later than six months from the start of the fiscal year (May 1) or by October 31, the annual Treasurer's Report is generated in the Treasurer's Office, filed with the County Clerk and published in the local newspaper.
Also under the Treasurer's control are the Police and Fireman's Pension Funds. By state statute the City Treasurer is the custodian of both the Police and Fireman's Pension Funds. These funds have a combined total of over $42,864,147.00, most of which is invested through money managers.