Thursday, November 04, 2010

Oakham Town Council Banking

Banking arrangement have changed at Oakham Town Council ahead of the laws changing next year.

Currently two councillors are required to sign cheques.

Oakham Town Council has switched accounts and now earn a little more intrest.

The Clerk can now make online payments up to £10,000.

The chairman of the Council said safeguards will be put into place and the clerk would not just hit a button when invoices arrive.

I am not sure what safeguards can be put in place if the log in details were lost a considrable amount of money could be lost.