HomeMy WebLinkAboutTR-88-81 Go.53. 99
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Report to the Chairman and Members of th.e General Purpose and Administration
Meeting held November 9, 1981 ,
Report No. TR-88-81
Subject: Amount of 1'nsurance Bond.
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Recommendation:
It is respectfully recommended that:
1 . Thus report be recetyed for information; and
2. The insurance bond remain at $ 100,000.00.
Background and Comment
Subsequent to discussions at committee on October 26, 1981 ,
we have conferred with our auditors regarding the adequacy of our insurance
bond.
It is our opinion that an insurance. bond of $ 100,000.00 is
adequate to meet our current needs.
If the Town, in the future, makes current year tax collections
payable at the municipal building rather than at various bank branches, we
should consider increasing the bond at that time,
Respectfully submitted,
Kathryn A ` ampbell , C,A„ B.Comm„
Treasurer.
30 10 81
Y81-IN-7
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