(A) All erroneous or irregular variances, losses, shortages, or thefts of the city funds or property, or funds or property the city holds in trust, shall be reported to the fiscal officer or designee promptly.
(B) It will be the policy of the fiscal officer to report to the State Board of Accounts any erroneous or irregular variances, losses, shortages, in excess of $999, except for inadvertent clerical errors that are identified timely and promptly corrected with no loss to the city.
(C) It will be the policy of the fiscal officer to report promptly to the State Board of Accounts any erroneous or irregular variances, losses, or shortages of non-cash items in excess of $1,000, estimated market value, except for those resulting from inadvertent clerical errors or misplacements that are identified timely and promptly corrected with no loss to the city, and except for losses from genuine accidents.
(D) It will be the policy of the city to report promptly to the State Board of Accounts any incidents of fraud in excess of $0.
(E) All elected officials, employees, and agents are directed to comply with this section.
(Ord. 11-2016, passed 12-20-2016)