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								    <!-- Change Month -->
								  <B>December 2003</B>
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                                  <TD VALIGN="TOP" BGCOLOR="#999999" ALIGN="CENTER"><B>Departments</B></TD>
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                                    <P>  <B>Perspectives<BR>
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                                      2003 Index</B>
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                        <H3><B>Articles 
                        In This Month's Issue </B></H3>
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                            <TD><B><A HREF="/services/gfr/archives/2003/12/gfr1203.pdf" TARGET="_blank">Going Once, Going Twice, Sold! How Web-Based Auctions Can Increase Yields<BR>
                              and Improve Efficiency</A></B><BR>
                              <I>Since it began auctioning its investment dollars on the Internet, Monroe County has achieved superior yields, greater internal control over assets, and increases in worker productivity. Learn how the Web-based auction platform can enhance your government&#146;s investment program.</I><BR>
                              <FONT COLOR="#FF0000">Gerald Mecca</FONT>
                              <P><B>From Paper to Plastic: How to Design and Implement a Purchasing Card Program</B><BR>
                                <I>While most governments are well aware of the benefits of purchasing cards,
many are still not using them for fear of employee abuse. Governments can overcome these concerns and
achieve administrative efficiencies by designing a program around sound policies and procedures.</I><BR>
                                <FONT COLOR="#FF0000">John A. Sofley Jr.
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                              <P><B>Understanding and Preventing Payment Fraud</B><BR>
                                <I>Thanks to inexpensive
technology, payment fraud has blossomed into a $10 billion industry. Now that some of the liability for
fraud losses has shifted to depositors, governments need to know how to prevent these losses from happening
in the first place.</I><BR>
								<FONT COLOR="#FF0000">Michael M. Fletcher</FONT>
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                              <P> <B>Teaming up on Banking Services: How Combining Business Volumes Can
Drive Down Costs</B><BR>
                                <I>By applying the cooperative purchasing model to the banking services
arena, three North Carolina governments collectively succeeded in negotiating better pricing and service.</I><BR>
                                <FONT COLOR="#FF0000">Perry E. James</FONT>
                              <P><B>GFOA’s New Model Investment Policy</B><BR>
                                <I>GFOA recently updated its
model investment policy to provide additional guidance and greater flexibility to governments as they navigate
a challenging investment climate.</I> <BR>
                                <FONT COLOR="#FF0000">Michelle R.B. Saddler</FONT>
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