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Treasurer outlines bank‑account confirmation and control practices after national fraud examples
Summary
Lee County Treasurer reviewed current segregation of duties, bank confirmation practices with auditors, and efforts to capture department bank accounts in the county accounting system to reduce risk after nationwide cases of hidden accounts surfaced.
Lee County Treasurer Reid updated the Finance Committee on revenue and expenditures and described internal practices designed to reduce the risk of unauthorized bank accounts and cash handling errors.
Reid told the committee the county’s general fund was slightly ahead on expenses and that some departments may need to use special revenue funds more consistently. He described measures used to detect unknown accounts…
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