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Advisory committee raises concern that town accountant position is not bonded; asks select board/town administration for review
Summary
Committee members questioned whether the town’s accounting functions are covered by fidelity bonds and recommended the Select Board and town administration review bonding for finance positions, including the town accountant, treasurer/collector and assessors.
Members of the Templeton Advisory Committee said they were surprised the town accountant position appeared not to be bonded and asked the Select Board and town administrator to review bonding coverage for positions that handle town funds.
Committee members discussed Massachusetts guidance on municipal fidelity bonds, the Department of Revenue and case examples from other towns. Members said generally that…
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