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Council debates returning bank reconciliation to treasurer, flags charter and audit concerns
Summary
Councilors discussed whether the treasurer should resume bank reconciliation, a change that would require an FTE and compensation; members asked for legal review of the city charter and completion of the outstanding audit before reassigning responsibilities.
A discussion about the city's internal financial controls and the treasurer's role drew extended debate at the Aug. 25 Franklin City Council meeting.
Staff reminded council that a prior recommendation included having the treasurer take over bank reconciliation; the treasurer — present at the meeting and speaking from the dais — said the work…
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