Administrator proposes adding ACH processing rules to Cash Management Policy
After attending ACH training with Androscoggin Bank, Administrator Danielle Loring proposed adding ACH processing to Minot's Cash Management Policy to ensure Selectmen review warrants before ACH transactions are processed and to clarify how multiple invoices appear to vendors.
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Administrator Danielle Loring and Clerk Sara Farris reported they attended ACH training provided by Androscoggin Bank and said several operational questions remain about implementation.
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