(A) Internal Control Policy adopted. The city hereby adopts the Internal Control Policy incorporated herein as Exhibit A, attached to Ordinance 5485, passed May 25, 2016.
(B) Personnel training. The Controller is directed to ensure that all personnel receive training concerning the internal control procedures adopted herein and approved prior to June 30, 2016.
(C) Materiality threshold. The city hereby adopts a materiality threshold of $500 for purpose of its internal control procedures adopted and approved herein.
(Ord. 5485, passed 5-25-2016)