(A) The town directs that the above standards be used to design, implement, operate and modify current operations, reporting and compliance objectives that will safeguard the assets of the town, promote reliability, accountability and transparency of financial and non-financial information and to assure compliance with laws and regulations for each office, department and personnel (as defined below) for an effective and reasonable internal control system of the town.
(B) The town authorizes the Clerk-Treasurer and Town Council to review the current internal control system of the town and the Town Council to adopt a policy for the future internal control system to be effective after 6-30-2016, and perform an annual review, or more if determined necessary for compliance with this subchapter.
(Ord. 2016-03, passed 6-13-2016)