(A) The Town Council hereby adopts the Clerk-Treasurer’s Internal Control Policy attached to Ordinance 16-5 and incorporated therein as Exhibit “A” herein.
(B) The Clerk-Treasurer is directed to ensure that all personnel receive training concerning internal control procedures adopted and approved herein prior to June 30, 2016.
(C) All town officials, and employees shall comply with the Internal Control Policy and the procedures contained therein.
(D) The town hereby adopts a materiality threshold of $100 for purposes of internal control procedures adopted and approved herein.
(E) The Clerk-Treasurer is directed to advise the Town Council of any periodic changes to or recommendations from the SBOA for changes to the internal control procedures.
(Ord. 16-5, passed 6-6-16)