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Business
Action Item
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DATE: Thursday, November 9, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Change of Bank for Petty Check/Change Funds for Northwest Elementary (Business Office)
EXECUTIVE SUMMARY
Petty Check/Change Funds are established or altered by School Board approval in compliance with the State Board of Education rules Chapter 6a-1.057. These are impressed funds transferred from district budget to the schools so that each school can make emergency purchases and have change to operate lunchrooms and athletic events. In the case of purchases, as funds are expended, the school submits receipts to Accounts Payable. The school is then reimbursed and the school's budget is reduced by the amount of the purchase.
Northwest Elementary requests School Board permission to close bank account number 0101020079188 at Suntrust Bank and open a new bank account at Wachovia Bank. Signers will be:
Darlene M. Carter, Principal
Bryan Quigley, Assistant Principal
Mary M. DeBonis, Principal's Secretary
Vickie Patterson, DP Clerk
ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)
Goal 6: No school should receive a grade lower than C.
FINANCIAL IMPACT (Budgeted: Yes)
Costs incurred for printing new checks and deposit slips will be offset by interest earned on daily balances.
EVALUATION
SUBMITTED BY:
Clark Gottschalk, Accountant II
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Gretchen Saunders
Chief Business Officer
(813) 272-4270
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5.03
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Hillsborough County Public Schools (Florida) * Mtg.#20061109_225 * Section E Item# 5.03
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