Once the analysis of your local government's current account is completed, contact your local bank representative and arrange a meeting to discuss the types of accounts that are available and any associated costs. Ask for a brief presentation about the services the bank presently offers, and those they anticipate offering in the near future.
After meeting with your representative, review the list of your bank accounts and think about the changes that you could make. Will fewer checking accounts make it easier for the chief fiscal officer to manage cash balances? Do you have adequate resources to make changes in your business process (personnel, equipment, software)? Carrying out the more complex changes may be more difficult if your financial system is manual; however, it still can be done. If your financial management system is computerized, you can consider making more comprehensive changes. These changes can give you increased control and oversight over your funds.