Approve Change of Bank Petty Change Fund for Leto High School (Business Division)

Petty 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.

Leto High School requests School Board permission to close bank account number XXXXXXXXX4902 at Bank of America and to open a new bank account at Wachovia Bank.

Signers will be:

• Victor Fernandez, Principal
• Susan Jones, Bookkeeper
• Elizabeth Tuten, Assistant Principal for Curriculum
• Lauren Otero, Assistant Principal for Administration

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

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