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Cole manages property tax collection for Madras, Oregon, a jurisdiction of about 7 , 0 0 0 people. Madras only collects property taxes via checks

Cole manages property tax collection for Madras, Oregon, a jurisdiction of about

7, 000

people. Madras only collects property taxes via checks that are mailed in and Cole only

deposits these checks on the last day of each month, keeping them in a safe in his office

until he takes them to be deposited in a checking account that earns no interest. Please

describe three recommended actions that Cole could take to improve Madras

s cash

management practices

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