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District business manager proposes consolidating 13 bank accounts to reduce accounting complexity
Summary
District business manager Amanda proposed reducing the number of bank accounts used by Fremont County School District # 2 to improve accuracy, reduce manual journal entries and audit risk. She said she has discussed options with the district auditor and expects subaccounts will preserve budgeting detail.
Fremont County School District # 2 business manager Amanda told trustees she is researching a plan to consolidate the district’s 13 bank accounts into fewer accounts to simplify accounting and reduce manual journal entries.
Amanda said the change is intended to improve accuracy, reduce audit risk and lessen the business office’s workload. She told trustees…
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