(A) The Investing Officer is responsible for establishing and maintaining policies and procedures to ensure that town assets are protected from loss, theft, or misuse. Such policies and procedures shall be discussed with the Mayor. The Investing Officer shall review all proposed investments authorized pursuant to this subchapter.
(B) Every four years, the Investing Officer shall conduct an independent review by an external auditor to ensure compliance with policies and procedures.
(Ord. 2023-49, passed 12-18-2023; Ord. 2024-13, passed 5-20-2024)