(A) Management defines objectives clearly to enable the identification of risks and risk tolerances.
(B) Through the creation of standard operating procedures and accurate organizational reporting charts, management conveys and identifies objectives, missions, policies and risk tolerances to employees.
(C) (1) The Clerk-Treasurer will lead a risk analysis of three major areas:
(a) The effectiveness and efficiency of operations;
(b) The reliability of reporting for internal and external use; and
(c) Compliance with applicable laws and regulations.
(2) For each category, the Clerk-Treasurer will define objectives in specific measurable terms in order to enable the design of internal control for related risk, increase understanding at all levels, assess performance, identify what is to be achieved, who is to achieve it, how it will be achieved and when it will be achieved and incorporate external requirements.
(Ord. 2016-04, passed 7-5-2016)