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County finance office reports banking changes, fraud protection and tax-relief counts
Summary
Bedford County finance staff described a move to new banking arrangements and accounting software, implementation of 'positive pay' to block check fraud, and tax-relief totals including 100 new veterans approved; commissioners discussed staffing and budget implications.
County finance staff presented a quarterly finance report detailing a recent transition to new banking relationships and accounting software, treasury procedures, and steps taken to prevent fraud.
“Tanya” (finance staff) said the county moved to one software and one bank after a rebid and is using an insured cash sweep arrangement and the Local Government Investment Pool…
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