For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
IRREGULAR VARIANCE. A reduction in a cash or fund balance or actual cash on hand that cannot be accounted for or explained in the normal course of business.
MATERIAL. For purposes of this subchapter and the reporting requirements imposed by I.C. 5-11-1-27:
(1) A variance, loss, or shortage of cash exceeding $100;
(2) Two or more variances, losses, or shortages of cash, from the same fund or account, or related to the same person or department, occurring within a 60-day period, and exceeding, in the aggregate, $100;
(3) A loss of town property valued in excess of $100; and/or
(4) The theft or suspected theft, by town personnel, of cash or any other town property, irrespective of the value or amount.
PUBLIC OFFICER. Any person elected or appointed to any office of the state or any political subdivision and includes an officer of all boards, commissions, departments, institutions, and other bodies established by law to function as a part of the government of the state or political subdivision that are supported wholly or partly by appropriations of money made from the treasury of the state or political subdivision or that are supported wholly or partly by taxes or fees.
(I.C. 5-13-4-2)
THEFT. The same as it is defined under I.C. 35-43-4-2.
TOWN PERSONNEL. All elected and appointed officials and all employees of the town.
(Ord. 2016-3, passed 7-6-2016)