(A) The town, in addition to all other reporting requirements that it or town personnel may have pursuant to relevant provisions of I.C. 5-11-1-27, or otherwise, shall immediately report to the State Board of Accounts all irregular variances, losses, or shortages, deemed to be material as defined herein, and all incidents of theft.
(B) Additionally, I.C. 5-11-1-27(1) requires public officers who have actual knowledge of or reasonable cause to believe that there has been a misappropriation of public funds or assets of the public office, including information obtained as a result of a police report, an internal audit finding, or another source indicating that a misappropriation has occurred, to immediately send written notice of the misappropriation to the State Board of Accounts and the prosecuting attorney serving in the area governed by the political subdivision.
(Ord. 2016-3, passed 7-6-2016)