(A) The City of Bedford, Indiana hereby adopts the internal control policy attached to Ord. 8-2016 and as Exhibit A by reference.
(B) The Clerk/Treasurer is directed to ensure that all personnel receive training concerning the internal control procedures adopted and approved herein prior to June 30, 2016.
(C) The city hereby adopts a materiality threshold of $500 for purposes of the internal control procedures adopted and approved herein.
(D) This section shall be in full force and effect from and after its passage, approval and publication according to law.
(Ord. 8-2016, passed 5-10-16)