Charles Sanders has served as City Treasurer since December 2011.
The Treasurer maintains all of the City's financial accounts, manages investments of City funds, holds the position of Treasurer on the Police and Fire Pension Boards, and maintains the fixed asset accounts of the City. He also assists in the preparation of the annual budget and tax levy. The tax levy must be passed by the City Council by the second Tuesday in December.
The Treasurer completes the annual Treasurer's report for publication by October 31 of each year, attends all regular City Council meetings for the purpose of answering any financial questions relating to the City, and acts as the IMRF and ICMA representative for the City of Olney.