§ 33.70 INTERNAL CONTROL POLICY ADOPTED.

   (A)   The town hereby adopts the Internal Control Policy attached hereto and incorporated herein as Appendix A.

   (B)   (1)   The Clerk/Treasurer is directed to ensure that the following personnel (by position) receive training concerning the Internal Control Procedures adopted and approved herein:

         (a)   Clerk Treasurer.

         (b)   Utility Clerk.

         (c)   Plan Administrator.

         (d)   Town Marshal.

         (e)   Town Council.

      (2)   At a minimum, Internal Control Training will include:

         (a)   A review and understanding of the Town Internal Control Policy.

         (b)   A review of the Internal Control Systems video presented by the State Board of Accounts.

      (3)   Training completion will be documented utilizing the Internal Control Training Certification for Elected Officials, Appointees, and Employees form. Completed forms will be maintained by the Clerk Treasurer.

   (C)   The town hereby adopts a materiality threshold of $500 for purposes of the Internal Control Procedures adopted and approved herein.

(Ord. 02-2016, passed - -2016; Am. Ord. 02-2016, Amd. No. 1, passed 1-25-2022)