The town finds that its interrelated and often overlapping objectives as related to an internal control system are as follows:
(A) Operations objectives, which involve the way in which governmental services are performed and the performance of those who provide governmental services, including, by way of example, budgeting, purchasing, permitting, cash management and planning, among others;
(B) Reporting objectives, which involve the filing of financial and nonfinancial information to those inside the government and those outside of the government, including, by way of example, filing the annual report, audit and examination cooperation, filing uniform conflict of interest forms and other filings with any governmental agency or official, keeping required information such as an OSHA log and responding to a public records request, among others; and
(C) Compliance objectives, which involve the adherence to law and regulations, including, by way of example, following guidance documents such as the state’s Board of Accounts’ manuals, bulletins and directives and the Department of Local Government Finance’s forms and directions, and including other outside-of-government training and documents such as those of IACT, among others.
(Ord. 2016-4, passed 5-17-2016)