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Second Class Township Code

 

Article VII

Township Treasurer

 

Section 701. Township Treasurer.

 

The board of supervisors shall appoint a township treasurer to serve at the pleasure of the board of supervisors.

 

Section 702. Treasurer's Bond.

 

The township treasurer, if an individual, shall give bond with a surety company in an amount established by the board of supervisors for the faithful performance of the duties of the office. The amount of the bond shall equal the highest amount of township funds estimated by the board of supervisors to be available to the township treasurer at any time during the current year. The bond shall be filed with the board of auditors of the township.

 

Section 703. Treasurer's Compensation.

 

The board of supervisors shall determine the compensation of the township treasurer. When a supervisor is appointed as township treasurer, the board of auditors shall determine the compensation. A person may not receive hourly compensation for work as a superintendent, roadmaster or laborer for time spent in the performance of the duties of township treasurer.

 

Section 704. Treasurer's Duties.

 

The township treasurer shall:

 

(1) Receive all moneys due the township and deposit them promptly in a designated depository in the name of the township.

 

(2) Keep distinct and accurate accounts of all sums received from taxes and other sources, which accounts shall be open to the inspection of the board of supervisors and any citizen of this Commonwealth.

 

(3) Pay out all moneys of the township only on direction by the board of supervisors.

 

(4) Annually state the accounts and make them available to the board of auditors for settlement.

 

(5) Preserve the account books, papers, documents and other records of the office and turn the mover to the successor in office.

 

Section 705. Assistant Treasurer.

 

The board of supervisors may appoint an assistant treasurer who shall assist the township treasurer or, in the absence or disability of the township treasurer, perform the duties of the township treasurer. The assistant treasurer may be appointed from the membership of the board of supervisors. The assistant treasurer shall be bonded for the same amount as the township treasurer when acting in the capacity of township treasurer. The board of supervisors shall determine the compensation of the assistant treasurer. When a supervisor is appointed assistant treasurer, the board of auditors shall determine the compensation.

 

Section 706. Use of Special Funds; Penalty.

 

When any moneys are collected for any special purpose, no township treasurer or board of supervisors may apply those moneys to any purpose other than that for winch they were collected. Every misapplication shall be a misdemeanor of the third degree, and, in addition to the fine or penalty which may be imposed upon conviction, the defendant shall be required to pay restitution in the amount of moneys improperly spent.

 

Section 707. Penalty for Failure to Perform Duties.

 

A township treasurer or assistant treasurer who fails to perform any duties of the office other than those for which specific penalties are provided commits a summary offense and, in addition to the fine or penalty which may be imposed upon conviction, is required to pay to the township an amount equal to the amount of the financial loss that occurred, if any, for not performing the duties of the office. That person is disqualified from holding the office of township treasurer or assistant treasurer.

 

Section 708. Depositories of Township Funds.

 

(a) The board of supervisors shall designate by resolution a depository or depositories for township funds. Any funds deposited with any banking institution of this Commonwealth shall be insured with the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund or their successor agencies, to the extent that accounts are so insured. The board of supervisors shall require each banking institution to furnish additional bond, insurance or security to cover the amount of any deposits in excess of the insured limits. The designation is valid for a period of one year or until another depository or other depositories are designated by similar action of the board of supervisors.

 

(b) The depository or depositories shall be banks, banking institutions or trust companies located in this Commonwealth.

 

(c) The township treasurer or assistant treasurer shall, upon the designation of the depository or depositories by the board of supervisors, immediately transfer thereto the township funds and after that make deposits solely in the depository or depositories in the name of the township.

 

(d) No township treasurer or assistant treasurer complying with the provisions of this section, nor his surety or sureties, shall be chargeable with losses of township funds caused solely by the failure or negligence of the depository or depositories.