(A) Automatic Clearing House (ACH) Transactions. ACH transactions are hereby authorized for the Clerk-Treasurer to make certain payments via ACH. Authorized payments are payroll, bond payments and payments for monthly bills. Also, authorized are any funds received via ACH.
(B) Electronic Funds Transfers (EFT) including Online Transfers. The Town Council authorizes the Clerk-Treasurer use of online transfers for the purpose of transferring funds from the General, Utility and Payroll Checking accounts for the purpose of processing payroll and 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.
(D) Effective Date. This section shall be in full force retroactively from the date of the first use of electronic transfer by the Clerk-Treasurer's Office and continuing until amended or repealed by the Town Council.
(Ord. 38-2022, passed 9-12-2022)