Accounting controls be designed and implemented to provide reasonable assurances that:
(A) Capital expenditures made by the city, its various departments and utilities be in accordance with management’s authorization as documented in the minutes;
(B) Transactions of the utilities be recorded as necessary to permit preparation of financial statements in conformity with generally accepted principles;
(C) Adequate detailed record be maintained to assure accountability for city- and utility-owned assets;
(D) Access to assets be permitted in accordance with managements, authorization; and
(E) The recorded accountability for assets compared with the existing assets at least every two years and appropriate action be taken with respect to any differences.
(Ord. 2003-OR-32, passed 12-22-2003; Ord. 2006-OR-06, passed 4-7-2006; Ord. 2011-OR-13, passed 8-1-2011)