HCPS FL Logo Business
Action Item
DATE: Tuesday, December 13, 2011
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Change of Bank Petty Change Fund for Tinker Elementary School and Chamberlain High School  (Business Division)
EXECUTIVE SUMMARY
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.

Tinker Elementary School requests School Board permission to close bank account number XXXXXXXXX5784 at Bank of America and to open a new bank account at Wachovia Bank.  Signers will be: Nancy Mooy, Principal; Kathleen Bennett, Principal’s Secretary; and Melanie Humenansky, Assistant Principal.

Chamberlain High School requests School Board permission to close bank account number XXXXXXXXX6030 at Bank of America and to open a new bank account at Wachovia Bank.  Signers will be: Thomas Morrill, Principal; Heath Beauregard, Assistant Principal; and Theresa Maida, Principal’s Secretary.
STRATEGIC OBJECTIVES
• Align financial resources to support the district’s strategic goals
FINANCIAL IMPACT (Budgeted:  No)
Cost incurred for printing new checks and deposit slips will be offset by interest earned on daily balances.
EVALUATION
SUBMITTED BY:  Steve Brady, Assistant Department Manager for Cash Management, Budget
Susan Garcia   Gretchen Saunders
Manager of Services and Support, Budget
(813) 272-4064		   Chief Business Officer
(813) 272-4270
    A 5.34
Hillsborough County Public Schools (Florida) * Mtg.#20111213_480 (Board Meeting) * Section A Item# 5.34