Approve Establishment of Petty Check/Change Fund and Bank Account for New Schools for the 2009/2010 School Year (Business Division)

Petty Check/Change Funds are established or altered with School Board approval in compliance with State Board of Education Rules, Chapter 6a-1057. 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. When funds are expended for purchases, 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.

The new schools are:

• Bailey Elementary (site 0092)
• Barrington Middle (site 0086)
• Steinbrenner High (site 0089)
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• Stowers Elementary (site 0085)
• Strawberry Crest High (site 0093)

* Align financial resources to support the district’s strategic goals, * Demonstrate best financial practices

Total distribution at each school: Bailey Elementary, $400; Barrington Middle, $1,150; Steinbrenner High, $2,400; Stowers Elementary, $400; Strawberry Crest High, $2,400. Detailed information is listed on attachments.