Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City reports record month, weighs new online payment system after fraud incident
Summary
City finance staff reported a record month for revenues in July, described steps to tighten banking controls after a suspected fraud, and discussed replacing the current payments vendor, PaySimple, with a system the staff says could handle more transaction types.
City finance staff reported a record month for July and outlined steps to strengthen payment controls while pursuing a replacement for the municipality's current online payments vendor. Finance staff said July produced a profit figure highlighted in the meeting packet and that year-to-date collections were higher than the prior year. Staff also described opening a new bank account, closing a prior operating account, and enabling "positive pay," a bank control designed to prevent forged checks. The discussion included a fraud investigation. Staff said officers recovered the funds and that the matter would…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
