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Ordinance - Internal Controls Standards

TOWN OF WOLCOTT, WHITE COUNTY, INDIANA

ORDINANCE NO. 2016-06


AN ORDINANCE TO ESTABLISH UNIFORM INTERNAL CONTROL STANDARDS

FOR INDIANA POLITICAL SUBDIVISIONS IN ACCORDANCE WITH IC 5-11-1-27


WHEREAS, I.C. § 5-11-1-27 requires each political subdivision to maintain a system of internal controls in order to promote accountability and transparency; and


WHEREAS, in September 2015 pursuant to I.C. § 5-11-1-27(e) the Indiana State Council of Accounts developed and published the Uniform Internal Control Standards for Indiana Political Subdivisions in order to provide the basis of common understanding to assist public sector managers in complying with the internal control requirements; and


WHEREAS, the Uniform Internal Control Standards for Indiana Political Subdivisions Manual is available on the government website at www.in.gov/sboa and contains the acceptable minimum level of internal control standards; and


WHEREAS, I.C. § 5-11-1-27(g) after June 30th, 2016 all Indiana Political Subdivisions must develop local policies regarding internal controls and insure that personnel receive training on internal controls; and


WHEREAS, the Wolcott Town Council finds that the Town’s policy regarding internal controls should be the internal control standards as set forth by the Indiana State Board of Accounts Uniform Internal Control Standards for Indiana Political Subdivisions Manual; and


WHEREAS, the fiscal officer of the Town of Wolcott is the Clerk Treasurer and pursuant to the Uniform Internal Control Standards for Indiana Political Subdivisions, the fiscal officer shall certify in writing that the Uniform Internal Control Standards have been adopted; and


WHEREAS, the Uniform Internal Control Standards require and mandate that the legislative body insures that personnel as defined in I.C. § 5-11-1-27 shall receive training concerning the Uniform Internal Control Standards for Indiana Political Subdivisions and that the Clerk Treasurer as the fiscal officer shall certify in writing that the personnel as defined by statute have received the required training.


NOW THEREFORE THE TOWN COUNCIL OF THE TOWN OF WOLCOTT,

INDIANA, ORDAINS AND ENACTS THE FOLLOWING:


1) That the above recitations are adopted as findings by the Town Council; and


2) It is further ordered and determined that the Town of Wolcott hereby adopts as policy the Internal Control Standards as set forth by the Indiana State Council of Accounts Uniform Internal Control Standards for Indiana Political Subdivisions Manual as expressly written and published by the Indiana State Board of Accounts in September, 2015, and as amended from time to time; and


3) It is further ordained that at the time the Annual Financial Report is electronically filed, the Clerk Treasurer as fiscal officer of the Town of Wolcott shall certify in writing that the Uniform Internal Control Standards for Indiana Political Subdivisions have been adopted and shall certify that the personnel have been trained as required by law; and




4) It is further ordained that the Town Code shall be amended and it is hereby added to the Wolcott Town Code a new section which shall read as follows:


INTERNAL CONTROL STANDARDS”

The Town of Wolcott adopts as policy the Internal Control Standards

as set forth by the Indiana State Board of Accounts Uniform Internal

Control Standards for Indiana Political Subdivisions Manual as expressly

written and published by the Indiana State Board of Accounts in

September, 2015, and as amended from time to time. In order to implement

these standards, the Clerk Treasurer shall certify in writing that personnel as

defined in statute have received the required training. 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.”


5) It is further ordained that this Ordinance takes effect upon its adoption by the Town Council.


6) It is further ordained that any Ordinances inconsistent or in conflict with the terms of this Ordinance are of no further force and effect and are specifically repealed. This Ordinance shall be in full force and effect immediately upon adoption as set forth herein.



DULY PASSED on this ______ day of ______________ , 2016 by the Town Council of the

Town of Wolcott, White County, Indiana.




______________________________________ _______________

Marsha L. Mackey, President Date


_____________________________________ _______________

Michael A. Yelton, Vice-President Date


_____________________________________ _______________

Richard A. Lynn, Member Date


_____________________________________ _______________

Fred A. Young, Member Date


_____________________________________ _______________

Steven B. Gordon, Member Date


_____________________________________ _______________

Tammy L. Seward, Clerk-Treasurer Date



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