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ORDINANCE Or- , 2016 <br />AN ORDINANCE ESTABLISHING INTERNAL CONTROL STANDARDS AND <br />ESTABLISHING A MATERAILITY THRESHOLD FOR THE TOWN OF MOOREVILLE <br />WHEREAS, the Town Council for the Town of Mooresville, as a <br />legislative body, has been required pursuant to IC 5-11-1-27 to <br />adopt minimum levels of internal control standards as developed <br />by the State Board of Accounts and published in the Uniform <br />Internal Control Standards for Indiana Political Subdivisions <br />prior to June 30, 2016; <br />WHEREAS, the Town Council has reviewed the recommendations <br />under the Uniform Internal Control Standards for Indiana <br />Political Subdivisions and the materiality thresholds; <br />NOW, THEREFORE, BE IT ORDAINED by the Town Council for the <br />Town of Mooresville, Indiana that: <br />1. The Town of Mooresville hereby adopts the Internal <br />Control Policy attached hereto and incorporated herein as <br />Exhibit "A" <br />2. The Clerk -Treasurer is directed to insure that all <br />personnel receive training concerning the Internal Control <br />Procedures adopted and approved herein prior to June 30, 2016. <br />3. The Town of Mooresville, Indiana hereby adopts a <br />materiality threshold of Five Hundred Dollars ($500.00)afor <br />purposes of the Internal Control Procedures adopted and approved <br />herein. <br />