(A) Automatic clearing house (ACH) transactions. ACH transactions are authorized for the Clerk-Treasurer to make certain payments via ACH. Authorized payments are payroll, bond payments and payments for monthly bills. Also authorized are any funds received via ACH.
(B) Electronic funds transfers (EFT) including on-line transfers. The Town Council authorizes the use of on-line transfers for the purpose of transferring funds as it relates to the process of paying claims/invoices and transfers to and from investment accounts.
(C) Documentation. The Clerk-Treasurer is required to maintain adequate documentation of the above-referenced transactions for future audits, as provided by law.
(D) Compliance. The town shall comply with all other requirements for the payment of claims by political subdivisions.
(E) Effective date. This section shall be in full force retroactively from August 2, 2022 until revoked/amended by the Town Council.
(Res. 8-2-2022-2, passed 8-2-22)