(A) Pursuant to the provisions of IC 5-13-5-5, as amended, the Town Council, as fiscal body of the town, a municipal corporation and political subdivision in the state, hereby authorizes the Town Clerk- Treasurer, as fiscal officer of the town, to administer and manage town funds in the following types of transactions and activities by electronic means, namely:
(1) Receipt and disbursement of town monies as deemed appropriate through secure online banking methods;
(2) Transfer of funds for timely payment of debt service obligations;
(3) Payment of necessary closing costs and related expenses associated with bond proceeds and/or property acquisition through wire transfer, and to receive funds by such means from financial institutions;
(4) Transfer of funds for the purchase and redemption of investments, as permitted by applicable law;
(5) Transfer of appropriate funds collected from the Wastewater Utility to the Storm Water Utility, the Water Utility, and the Garbage Contract Fund in order to ensure that cash flow is consistent with the posting of utility accounts and receipts;
(6) Payment of applicable utility receipts tax and sales tax to the state as required by applicable law;
(7) Payment deductions from employees’ compensation and benefits to the appropriate entities by electronic funds as such technology becomes available for:
(a) complying with all federal, state, and local income tax obligations;
(b) child support and wage garnishments;
(c) payments due to the Public Employees’ Retirement Fund (PERF);
(d) payment on behalf of participants of 125 Plans (AFLAC) and the 457 Plans (VALIC, Nationwide, AUL, IMMA), worker’s compensation premiums, group health premiums, and any other obligation concerning employee pay and benefits as deemed appropriate by the Clerk-Treasurer; and
(8) Payment by the Clerk-Treasurer of any fees that may be associated with the services as described herein.
(B) The Town Clerk-Treasurer, as fiscal officer, pursuant to the requirements of IC 5-13-5-5(b)(2), as amended, shall maintain proper and adequate documentation of the authorized transactions conducted by electronic funds transfer or methods in conformance with the rules, regulations, and requirements of the state Board of Accounts, as amended from time to time, so that such transactions may be audited as provided by applicable law.
(Ord. 1087, passed 5-6-10)