Pursuant to Section 5.3 of the Charter of the City, the City Council hereby finds and determines that it is in the best interest of the City to combine in one person the offices of auditor, collector and treasurer, and does so combine such offices. The person serving in the office of Finance Director is hereby appointed and shall have all the powers and duties assigns to the offices of auditor, collector and treasurer as set forth in the Charter. The Finance Director shall serve as such Charter officers without additional compensation.