(A) The Town Council of the Town of Clear Lake, Indiana, hereby adopts the Clerk-Treasurer's internal control policy attached hereto and incorporated herein as Exhibit A.
(B) The Clerk-Treasurer is directed to ensure that all personnel receive training concerning internal control procedures adopted and approved herein prior to June 30, 2016.
(C) All town officials, and employees shall comply with the internal control policy and the procedures contained therein.
(D) The town hereby adopts a materiality threshold of $100 for purposes of the internal control procedures adopted and approved herein.
(E) The Clerk-Treasurer is directed to advise the Town Council of any periodic changes or recommendations from the SBOA for changes to the internal control procedures adopted and approved herein.
(Ord. 2016-02, passed 6-13-2016)