By Mark Squibb / August 4, 2023
Witless Bay council last week voted to close a number of the Town’s active bank accounts.
“The Town currently has multiple active bank accounts, including an active operating bank account, payroll account, chequing account, savings account, a high interest savings account, and gas tax account,” explained councillor Nancy Burke. “To minimize financial risk and on the advice of our financial auditor, the Town should only have two bank accounts.”
Burke moved the town close a number of the accounts, and council unanimously voted to close all of them except the main account and gas tax account.
Funds from the closed accounts will be moved into a single operating account.
