Hillsborough County Public Schools Business
Action Item

DATE: Tuesday, October 24, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve Change of Bank for Petty Check/Change Funds for Marshall Middle School (Business Division)

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.

Marshall Middle School requests School Board permission to close bank account number 98001206481 at Sun Trust Bank and open a new bank account at Wachovia Bank. Signers will be:
  • Shaylia McRae-Hall, Principal
  • Laurel Boyd, Bookkeeper
  • Bill Lingenfelter, Assistant Principal

  • 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



    Gretchen Saunders
    Chief Business Officer
    (813) 272-4270
    5.06
    Hillsborough County Public Schools (Florida) * Mtg.#20061024_186 * Section E Item# 5.06