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Canal Flats Agenda Regular Council Meeting Monday, April 27, 2020 6:30 PM Columbia Discovery Centrifuge 1.CALL TO ORDER2.APPROVAL OF AGENDA3.a)Introduction of late items)Adoption of Agenda (with possible
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Receive only refers to a designation in which an entity or individual can receive communications or funds but does not have the authority to initiate transactions or send funds.
Typically, any individual or entity that receives funds or communications but does not initiate transactions is required to file receive only.
To fill out receive only, one should include the necessary identification information, the details of the transactions received, and any required declarations as specified by the governing body.
The purpose of receive only is to ensure proper reporting of received funds and communications to maintain transparency and compliance with regulatory requirements.
The information that must be reported includes the entity or individual details, transaction dates, amounts received, and any relevant descriptions of the transactions.
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