(A) The oversight body oversees the entity’s internal control system.
(B) As the fiscal body for the city, the Common Council is responsible for setting the institutional expectations for internal control, ensuring management is aware of the those expectations, requiring that the upward communications channels are open through all levels of management and evaluating management’s effectiveness toward monitoring the control environment and implementing sound control policies and procedures. As the city’s Chief Fiscal Officer, the City Clerk-Treasurer will be the Common Council’s chief agent in implementing and managing the internal control policies and procedures.
(Ord. 2016-04, passed 7-5-2016)