(A) The town adopts the internal control standards above so as to establish an effective internal control system for the town through its design, implementation and operation.
(B) The town directs that the above standards be used to operate and modify current operations, reporting and compliance objectives that will safeguard the assets of the town, promote reliability, accountability and transparency of financial and non-financial information and to assure compliance with laws and regulations for each office, department and personnel (as defined in § 36.077 of this chapter) for an effective and reasonable internal control system of the town.
(Ord. 2016-1A, passed 6-14-2016)