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May 2003

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Subject:
Re: small accounts
From:
dmarko <[log in to unmask]>
Reply To:
Vermont Municipal Government Discussion Network <[log in to unmask]>
Date:
Thu, 15 May 2003 09:22:57 -0400
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Hi- The treasurer is held accountable for all school funds - and school funds will include any money deposited in an account using the school's EIN.

One possibility for these small accounts is that this money be put into a non-interest bearing account.  Speak to your bank - but generally a non interest bearing account does not require an EIN because there is nothing for the bank to report to the IRS.

I hope this is helpful!

Deb Markowitz

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