(A) The recitations in the ordinance codified herein are adopted as findings by the Town Council.
(B) The town hereby adopts as policy the internal control standards as set forth by the State Board of Accounts Uniform Internal Control Standards for Indiana Political Subdivisions Manual, as expressly written and published by the State Board of Accounts in September, 2015, and as amended from time to time.
(C) The Town Council directs that the above-adopted the internal control standards be used to design, implement, operate and modify current operations, reporting and compliance objectives that safeguard the town, promote reliability, accountability and transparency of financial and non-financial information and to assure compliance with laws and regulations for each office, department and covered personnel for an effective and reasonable internal control system of the town.
(D) It is further ordained that at the time the annual financial report is electronically filed, the Clerk- Treasurer as fiscal officer of the town shall certify in writing that the Uniform Internal Control Standards for Indiana Political Subdivisions have been adopted and shall certify that all required personnel have received training as required by law.
(E) All officers, elected officials and employees are required to comply with the policy. Employees who fail to comply with this policy are subject to discipline, including, but not limited to, termination of their employment.
(Ord. 2016-003, passed 6-13-2016)