(A) Automatic Clearing House (ACH) transactions. ACH transactions are hereby authorized and the Clerk-Treasurer is authorized to make certain payments via ACH. Authorized payments are payroll, bond payments and accounts payable payments. Also authorized are any funds received via ACH.
(B) Electronic Funds Transfers (EFT) including online transfers. The Town Council of the Town of Monon authorizes the Clerk-Treasurer to use online transfers for the purpose of transferring funds between the general, water, and wastewater checking accounts in the process of paying claims/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. 2022-09, passed 8-17-2022)