(A) The town hereby adopts the internal control policy attached to Ord. 3-2016 as Exhibit A and hereby incorporated by reference as if laid out here in its entirety.
(B) The Clerk-Treasurer (also known as the “Controller”) 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 town hereby adopts a materiality threshold of $500 for purposes of the internal control procedures adopted and approved herein.
(Ord. 3-2016, passed 6-7-16)