Bank Accounts and Cash Sample Clauses

Bank Accounts and Cash. 5.1. Each community council should open a bank account in the name of the council. It is suggested that this account should be an interest- paying cheque account. However, where a community council holds large balances due to fund raising activities better rates of interest may be earned byhaving a separate deposit account. 5.2. The account should be operated with two signatories required for each cheque, with a minimum of three persons designated as signatories for ease ofoperating the account. This should always be the Treasurer and two other designated officers of the community council. Community councils are encouraged to put in place additional safeguards where online banking which generally only requires one signatory. This might, for example, include regular submission of bank statements to meetings. 5.3. Signatories should not sign blank cheques but the cheque should be prepared by the Treasurer and presented to another signatory along with appropriate documentary evidence relating to the payment. The signatory should sign the cheque and endorse the documentation with the cheque number and thepayment date to show the payment has been made. 5.4. Cash held by the community council should be kept to a minimum and alwaysheld in a lockfast container. Description Ref Chq No/Cash Total (£) Balance b/fwd 1 April 2021 Grant-Argyll and Bute Council 4 300.00 300.00 TOTAL 600.00 EXPENDITURE Description Ref Chq No/Cash Total (£) Xxxx Websites 1 00145 150.00 Xxxxxxxx Stationers Cash 50.00 Eagle Herald 3 00146 125.00 Osprey Room Hire Ltd 5 00147 50.00 Donation-Bloggs Group 6 Cash 125.00 Balance c/f 31 March 2022 100.00 TOTAL 600.00 “Ref” refers to the sequential numbering mentioned in paragraph 2.2 of the Financial Guidelines.
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Bank Accounts and Cash. 5.1. Each community council should open a bank account in the name of the community council. It is suggested that this account should be an interest- paying cheque account. However, where a community council holds large balances due to fund raising activities better rates of interest may be earned by having a separate deposit account. 5.2. The account should be operated with two signatories required for each cheque, with a minimum of three persons designated as signatories for ease of operating the account. This should always be the Treasurer and two other designated officers of the Community Council. 5.3. Signatories should not sign blank cheques but the cheque should be prepared by the Treasurer and presented to another signatory along with appropriate documentary evidence relating to the payment. The signatory should sign the cheque and endorse the documentation with the cheque number and the payment date to show the payment has been made. 5.4. Cash held by the Community Council should be kept to a minimum and always held in a lockfast container.
Sample 1Sample 2Sample 3
Bank Accounts and Cash. 5.1. Each community council should open a bank account in the name of the community council. It is suggested that this account should be an interest- paying cheque account. However, where a community council holds large balances due to fund raising activities better rates of interest may be earned by having a separate deposit account. 5.2. The account should be operated with two signatories required for each cheque, with a minimum of three persons designated as signatories for ease of operating the account. This should always be the Treasurer and two other designated officers of the community council. 5.3. Signatories should not sign blank cheques but the cheque should be prepared by the Treasurer and presented to another signatory along with appropriate documentary evidence relating to the payment. The signatory should sign the cheque and endorse the documentation with the cheque number and the payment date to show the payment has been made. 5.4. Cash held by the community council should be kept to a minimum and always held in a lockfast container. INCOME Description Ref Chq No/Cash Total (£) Balance b/fwd 1 Oct 98 300.00 Xxxxx-Xxxxxx and Bute Council TOTAL 4 250.00 550.00 Description Ref Chq No/Cash Total (£) Xxxx Dispatch 1 00145 75.00 Xxxxxxxx Stationers Cash 25.00 Eagle Herald 3 00146 150.00 OspreyPens Ltd 5 00147 30.00 Donation-Bloggs Group Cash 175.00 Balance c/f 30 Sep 99 95.00 TOTAL 550.00 “Ref” refers to the sequential numbering mentioned in paragraph 2.2 of the Financial Guidelines.
Sample 1Sample 2
Bank Accounts and Cash. 5.1. Each community council should open a bank account in the name of the community council. It is suggested that this account should be an interest- paying cheque account. However, where a community council holds large balances due to fund raising activities better rates of interest may be earned by having a separate deposit account. 5.2. The account should be operated with two signatories required for each cheque, with a minimum of three persons designated as signatories for ease of operating the account. This should always be the Treasurer and two other designated officers of the Community Council. 5.3. Signatories should not sign blank cheques but the cheque should be prepared by the Treasurer and presented to another signatory along with appropriate documentary evidence relating to the payment. The signatory should sign the cheque and endorse the documentation with the cheque number and the payment date to show the payment has been made. 5.4. Cash held by the Community Council should be kept to a minimum and always held in a lockfast container. Example of a Basic Layout for a Cash Book Description Ref Chq No/Cash Total (£) Balance b/fwd 1 Oct 98 Grant-Angus Council 4 300.00 250.00 TOTAL 550.00 EXPENDITURE Description Ref Chq No/Cash Total (£) Forfar Dispatch 1 00145 75.00 Arbroath Stationers Cash 25.00 Arbroath Herald 3 00146 150.00 Abbey Pens Ltd 5 00147 30.00 Donation-Bloggs Group Cash 175.00 Balance c/f 30 Sep 99 95.00 TOTAL 550.00 “Ref” refers to the sequential numbering mentioned in paragraph 2.2 of the Financial Guidelines. Example of Preferred Layout for Annual Accounts XXX COMMUNITY COUNCIL Statement of Income and Expenditure of XXX Community Council for the period XXX to XXX Income £ Council Grant XXX Other Donations XXX Income From Fund Raisers XXX Other Income XXX Bank/Building Society Interest XXX Total Income XXX Postages XXX Hall Hire XXX Advertising XXX XXX (Surplus)Deficit for the Period XXX Opening Balance XXX Closing Balance as at XXX XXX Bank Account XXX Cash in hand XXX Prepared by …………………………… Date………………………………….. Examiners’ Certificate Examiner 1 I have examined the books and records of the XX Community Council for the period XXX to XXX and have found the above statement to be correctly stated and sufficiently vouched. Signed by …………………………….. Date………………………………….. Examiner 2 I have examined the books and records of the XX Community Council for the period XXX to XXX and have found the above statement to be correctly stated and suffici...
Sample 1
Bank Accounts and Cash. (a) Maintain any deposit or other bank accounts with any banks or other depositary institutions other than the Lenders and Affiliates of the Lenders, except that Borrower and its Subsidiaries may maintain accounts with such other banks or other depositary institutions where the aggregate amount maintained in all such accounts does not exceed $2,000,000 (or the Dollar Equivalent thereof) at any time. (b) Maintain cash or cash equivalents in Foreign Subsidiaries in an aggregate amount in excess of $5,000,000 (or the Dollar Equivalent thereof) at any time.
Sample 1

Related to Bank Accounts and Cash

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.

  • Collateral Accounts The Collateral and Intercreditor Agent shall deposit, promptly upon receipt thereof, into a Dollar-denominated trust account (together with each other account created pursuant to this Section 4.1, the “Collateral Account”) established with the Securities Intermediary, pursuant to Section 4.5, or any Peso-denominated account opened by the Collateral and Intercreditor Agent with any Mexican bank or institution established pursuant to Section 4.5 (which account shall be deemed a Collateral Account), (i) the proceeds of any sale or foreclosure action taken pursuant to this Agreement or any other Collateral Document and (ii) any monies otherwise received for satisfaction of the Secured Obligations, whether from the Collateral, the Company, the Guarantors, any Affiliate of the Company or otherwise (and including, without limitation, any dividends, lease payments or other proceeds in respect of any Collateral and any cash or other assets constituting Collateral or proceeds thereof held in any deposit accounts or securities accounts of any Grantor and any amounts transferred from the Proceeds Account or Event of Loss Account, in each case upon the occurrence and during the continuance of a Collateral Event of Default); provided that the Collateral and Intercreditor Agent shall convert amounts received in any currency other than Dollars into Dollars on or promptly following the day received at the Actual Conversion Rate on the day of such conversion (and may open an account, which shall be deemed a Collateral Account, if necessary to receive funds in such other currency prior to conversion). All monies held in any Collateral Account shall be trust funds held by the Collateral and Intercreditor Agent for the benefit of the Secured Parties for the purpose of making payments therefrom in accordance with Section 4.2 and shall constitute part of the Collateral. The Collateral and Intercreditor Agent shall maintain such sub-accounts and records with respect to each Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 4.2. The Collateral and Intercreditor Agent shall establish a Peso-denominated Collateral Account, and in the case of any Collateral Account established in connection with the Comegua Pledged Stock, a Balboa-denominated Collateral Account promptly following the Issue Date.