The Treasurer of the District shall be elected by the Board of Supervisors from among the Board's members. The Treasurer shall have charge and custody of the funds of the District and shall be responsible for the disbursement thereof. When authorized by the Board of Supervisors, the Treasurer may sign, make, or endorse in the name of the District all checks and orders for the payment of money and pay out and disburse the same and receipt therefor. The Treasurer shall be responsible for seeing that a record is kept of every note or bond issued by the District and of every payment thereon of principal and interest and, if coupons are taken up, shall cancel and preserve them. The Treasurer shall ensure that correct books of account are kept of all the business and transactions of the District, and shall maintain any other books and accounts as the Board of Supervisors may from time to time require. The Treasurer shall render a statement of the condition of the finances of the District at each regular meeting of the Board of Supervisors and at such other times as shall be required of him or her by the Chair or by the Board of Supervisors. The Treasurer shall prepare the annual financial statement and the budget for the District for distribution, upon approval of the Board of Supervisors, to the legislative bodies of the member municipalities. The Treasurer shall do and perform all of the duties appertaining to the office of treasurer of a body politic and corporate.