HCPS FL Logo Business
Action Item
DATE: Tuesday, March 27, 2012
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Modification of Bank Petty Change Fund for Essrig Elementary and Tampa Palms Elementary (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.

Essrig Elementary School requests School Board permission to close bank account number XXXXXXXXX3441 at Bank of America and to open a new bank account at Wells Fargo.  Signers will be:  Teresa Campbell, Principal; Gregory Smith, Assistant Principal; and Maryann Bordonaro, Principal’s Secretary.

Tampa Palms Elementary School requests School Board permission to close bank account number XXXXXXXXX5704 at Bank of America and to open a new bank account at Wells Fargo.  Signers will be:  Kimberly Keenan, Principal; Maryann Lippek, Assistant Principal; Bonnie Walters, Principal’s Secretary; and Cheryl Walker, Secretary.

STRATEGIC OBJECTIVES
•Â Align financial resources to support the district’s strategic goals
FINANCIAL IMPACT (Budgeted:  Yes)
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, Cash Management
Susan Garcia   Gretchen Saunders
Manager of Services and Support, Budget
(813) 272-4064
  Chief Business Officer
(813) 272-4270
    A 5.02
Hillsborough County Public Schools (Florida) * Mtg.#20120327_496 (Board Meeting) * Section A Item# 5.02