October 20, 2010

Parish Council finances to be made easier

One of the things that puzzled me about Parish Council finances was that we used cheques, and now I know why. A law passed in 1894 requires parish councils to have all payments authorised by two signatories, making e-banking impossible.

The good news is that the law is to be changed, allowing Rosemary to connect our banking to the Internet in time for the abolition of cheques in 2018. It also means that we'll be able to pay our bills more efficiently, and our contractors can be paid sooner.

It will, I suspect, be a bit more complex than that, but it can only be a good thing...

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