e. Audit Services: This line item should include charges incurred for the services of any independent audit firms. Each standing trustee will have at least one audit per year. f. Consulting Services: This line item includes charges incurred under contract with individuals for services by attorneys, appraisers, and other professionals. Accountants should be itemized under Bookkeeping/Accounting Services. Computer related consulting should be itemized under Computer Services. Each consultant and area of expertise must be specifically identified in the budget. Chapter 3, section E, Employment of Attorneys and Other Professionals, provides guidance as to the requirements for retention and approval of outside professional services as an expense of the trust operation. g. Noticing: This line item includes charges incurred in providing noticing to interested parties, including postage, supplies and processing costs. h. Telephone: This line item includes charges for local phone service, cell phones, long distance and 800 numbers. i. Postage: This line item includes all postal charges and rental of post office boxes, except those related to noticing. j. Office Supplies: This line item includes charges incurred for consumable supplies and other property of little monetary value, such as hand-held calculators, except those related to noticing. k. Bond Premiums/Insurance (other than for employee benefits): This includes fees for premiums on surety bonds, including any premiums paid to bond an employee. This line item also includes premiums for premises liability insurance for the office of the standing trustee (such as fire, theft and accidental injury to property or third persons), workers’ compensation insurance, and other insurance, as approved by the United States Trustee. The standing trustee
e. Audit Services: This line item should include charges incurred for the services of any independent audit firms. Each standing trustee will have at least one audit per year. f. Consulting Services: This line item includes charges incurred under contract with individuals for services by attorneys, appraisers, and other professionals. Accountants should be itemized under Bookkeeping/Accounting Services. Computer related consulting should be itemized under Computer Services. Each consultant and area of expertise must be specifically identified in the budget. Chapter 3, section E, Employment of Attorneys and Other Professionals, provides guidance as to the requirements for retention and approval of outside professional services as an expense of the trust operation. g. Noticing: This line item includes charges incurred in providing noticing to interested parties, including postage, supplies and processing costs. h. Telephone: This line item includes charges for local phone service, cell phones, long distance and 800 numbers. i. Postage: This line item includes all postal charges and rental of post office boxes, except those related to noticing. j. Office Supplies: This line item includes charges incurred for consumable supplies and other property of little monetary value, such as hand-held calculators, except those related to noticing. k. Bond Premiums/Insurance (other than for employee benefits): This includes fees for premiums on surety bonds, including any premiums paid to bond an employee. This line item also includes premiums for premises liability insurance for the office of the standing trustee (such as fire, theft and accidental injury to property or third persons), workers’ compensation insurance, and other insurance, as approved by the United States Trustee. The standing trustee
Handbook_Ch13_Standing_Trustees_2012.docx