This Code of Ethics and Financial Disclosure Law is enacted pursuant to Article 18 of the General Municipal Law in recognition of the policy of the Town of Islip to maintain the highest standards of integrity and public service. It is intended to afford Town officers and employees guidance in conforming to ethical standards, to provide a formula of conduct which is not only clear but reasonable, to promote public confidence in the integrity of Town government, to require public disclosure of financial interests that may influence or be perceived as influencing actions of Town officers and employees and to provide for the fair and effective administration of this code. The enactment of this Code of Ethics and Financial Disclosure Law and the promulgation of a form of annual statement of financial disclosure is expressly intended to constitute an election to opt out of the provisions of General Municipal Law § 812, in accordance with the provisions of General Municipal Law § 811.