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