This resolution is being brought forward to bring the City into compliance with recent changes in in IC 5-11-1 (State Board of Accounts Created). It: - Adopts the acceptable minimum level of internal control standards and procedures developed by the State Board of Accounts (SBOA) and requires that City personnel receive training in that regard; - Establishes a “Materiality Policy” which defines the occurrence or circumstances of misuse of City funds or property that require a report to the SBOA under statute; - Requires that all material variances, losses, or thefts be reported immediately to the SBOA for review and response; and - Makes every City employee who knows or suspects that other City employees are engaged in fiscal misconduct responsible for immediately notifying their supervisor, the Controller, Corporation Counsel, or the City’s anonymous hotline. Note: Res 16-20 was revised after distribution in the weekly Council Legislative Packet,but before introduction at the Committee of the Whole on November 30, 2016. The revisions clarified that the $500 threshold in Section 2 was a minimum amount and added a comma in the heading of Section 3. Note: Res 16-20 was amended by the Council at the Regular Session on December 7, 2016. The amendment, Am 01, inserted a second paragraph to Section 1, which recited the role of the Council and Controller in the City's internal control system and required the Controller to provide an annual report to the Council.

• Authorize Expenditures

• download