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Business
Action Item
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DATE: Tuesday, August 21, 2007
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Establishment of Petty Check/Change Fund and Bank Account for A New School Opening for the 2007-2008 School Year (Business Division)
EXECUTIVE SUMMARY
Petty Check/Change Funds are established or altered with School Board approval in compliance with 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. 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 school is MOSI Partnership Elementary.
ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)
Goal 6: No school should receive a grade lower than C.
FINANCIAL IMPACT (Budgeted: Yes)
A total of $450 will be transferred so the school can begin operation.
EVALUATION
SUBMITTED BY:
Clark Gottschalk, Accountant II, Business Office
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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.#20070821_264 * Section E Item# 5.03
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