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Advisory committee recommends Select Board explore bonding town accountant after IRS assessment waived
Summary
After discussion of a waived $65,000 IRS assessment tied to payroll withholding mistakes, the Templeton Advisory Committee voted to recommend the Select Board explore bonding the town accountant and other officials who handle funds.
The Templeton Advisory Committee voted to recommend the Select Board explore purchasing fidelity (employee dishonesty) bonds for the town accountant and other officials who handle town funds after committee members raised concerns following a previously assessed IRS penalty.
A committee member recounted that the Town initially faced a $65,000 IRS assessment…
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