(A) Compliance. All city elected officials are asked, and all city employees and agents are directed to comply with this policy, and the city Common Council is asked to endorse it.
(B) Documentation. The city shall maintain records and documentation concerning erroneous or irregular variances, losses, shortages, or thefts in accordance with generally-accepted accounting principles and the internal control standards provided by the Indiana State Board of Accounts.
(C) Corrective action. The city shall investigate all erroneous or irregular variances, shortages, losses, or thefts regardless of whether they meet the materiality threshold established by this policy. Upon conclusion of each such investigation, the city shall:
(1) Implement procedures designed to prevent the recurrence of such incidents;
(2) Take appropriate disciplinary action against the employee responsible for the incident.
(Ord. 04-2016, passed 5-24-16)