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May 2003

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Sender:
Vermont Municipal Government Discussion Network <[log in to unmask]>
Subject:
small accounts
From:
Town of Charleston <[log in to unmask]>
Date:
Thu, 15 May 2003 09:14:09 -0400
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Vermont Municipal Government Discussion Network <[log in to unmask]>
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At a number of seminars lately we have been told that Treasurers should make sure that there are no accounts out there that use the Town (in my case School) tax ID number that we do not have control of.
I spoke with my banker yesterday, as I knew that the school had 5 or 6 accounts that I don't control.  My local auditors do audit them, but the contracted firms do not.  

He told me that in order to remove the school ID, the ss# of one of the signers would have to be used, which would then cause problems for them.

How do other people handle this??  I am not really too worried by these accounts, as they are usually controlled by the principal and are not very big, but I guess I should protect myself.  The audit firms no they exist, but also are not too worried about them.

Thanks
Jeannine Bennett



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