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Selectboard outlines MuniFi contractor tasks; town treasurer duties remain unclear
Summary
At the Nov. 4 meeting Stacey Rainey detailed MuniFi contractor Nicolas Elder’s tasks—bill prep, payables, bank reconciliations, budget prep, ledger maintenance and audits—but the board did not clarify which duties will remain with the Town Treasurer.
During the Nov. 4 meeting, Stacey Rainey explained that Nicolas Elder (MuniFi) will perform bill preparation and payables, bank reconciliations and cash management for all town accounts, budget preparation, maintenance of allocated accounts, changes to the accounting system, audit work, general ledger maintenance and journal entries, and responsibility for revenue lines in the budget.
Board members noted these tasks but did not define which duties would remain with the Town Treasurer. Stacey also requested that staff provide all timecards, payroll records, comp time and vacation records for review. The record shows reassignment of specific accounting tasks to MuniFi personnel but leaves the town-treasurer role unresolved in the meeting minutes.
