A Finance Committee was established in 1892 and consisted of three Aldermen, who acquired the financial services of a Town Treasurer. The Town Treasurer reported to the Finance Committee of Town Council, which had ultimate control over the public purse. The Town Treasurer was responsible for providing financial advice for the efficient management and accountability of public funds. All financial transactions were recorded in the Town Treasurer's Ledger. In 1898 the Office of the Treasurer became the Office of the Secretary-Treasurer.

The duties of the Secretary Treasurer likely included attending Council meetings and recording all reports, decisions and other proceedings of the Council and maintaining all books, documents, records of the Council and the originals or duly certified copies of all bylaws thereof. The Secretary Treasurer jointly with the Mayor executed all contracts, deeds and other documents required to be executed by the Corporation and affixed the seal of the Corporation thereto when required. Duties also included receiving and safely keeping all money belonging to the City; paying money as directed by law or by bylaw; depositing all money for Council; jointly signing necessary checks with the Mayor as well as debentures, promissory notes and other securities; and preparing and submitting regular financial reports stating moneys at the credit of the City.