(A) Automatic clearing house (ACH) transactions. ACH transactions are authorized for the Clerk-Treasurer to make certain payments via ACH. The authorized payments are payroll, bond payments and payments for monthly bills. Also authorized are any funds received via ACH.
(B) Electronic funds transfers (EFT), including online transfers. The Town Council authorizes the use of online transfers for the purpose of transferring funds to and between the Town, Water, Wastewater and Stormwater Accounts for payroll and in the process of paying claims and invoices.
(C) Documentation. The Clerk-Treasurer is required to maintain adequate documentation of the above-referenced transactions for future audits as provided by law.
(Ord. 2021-3, passed 4-6-2021)