(A) The Common Council hereby endorses the Clerk-Treasurer's directive, attached as Appendix A to Ordinance 2016-24 and incorporated by reference as if fully set forth herein, regarding a policy on materiality and a process for reporting material items.
(B) The Common Council calls upon the Clerk-Treasurer, city officials, employees and agents to enforce and comply with the policy on materiality and process for reporting material items and to report noteworthy items to the State Board of Accounts.
(C) The Common Council directs the Clerk-Treasurer to monitor, as necessary, compliance with the policy on materiality and process for reporting material items and report noteworthy items to the Common Council.
(D) The city asks the Clerk-Treasurer to advise the Common Council of any changes in the policy on materiality and process for reporting material items.
(Ord. 2016-24, passed 12-19-16)