(A) Internal control policy.
(1) The city adopts and incorporates by reference the internal control policy attached to Ord. 2016-04 as Exhibit A. Copies of this policy are available for public inspection in the office of the City Clerk-Treasurer during normal business hours.
(2) The Clerk-Treasurer is directed to ensure that all personnel receive training concerning the internal control procedures adopted and approved herein prior to June 30, 2016.
(B) Materiality threshold. The city adopts a materiality threshold of $500 for purposes of the internal control procedures adopted and approved herein.
(Ord. 2016-04, passed 6-27-2016)