Approve Change of Bank for Petty Check/Change Funds for Sulphur Springs (Business Office)

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.

Sulphur Springs requests School Board permission to close bank account number 008704817024 at Bank of America and open a new bank account at Wachovia Bank. Signers will be:

Pamela Roberts, Principal

Angela Fullwood, Assistant Principal

Ivelisse Dorta-Medina, Principal's Secretary/Bokkeeper

Goal 6: No school should receive a grade lower than C.

Costs incurred for printing new checks and deposit slips will be offset by interest earned on daily balances.