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Meeting Date:
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10/19/2021 - 5:30 PM
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Category:
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Business and Finance
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Type:
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Action
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Subject:
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13.1 Approval of Change of Bank for Associated Student Body (ASB) Account for Slauson Middle School
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Strategic Goals:
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3. Fiscal Responsibility We manage our fiscal resources responsibly and align budget decisions with District goals and priorities.
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Enclosure
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File Attachment:
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Rationale:
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The change of banks from Wells Fargo to Foothill Credit Union is due to new Wells Fargo bank regulations which will create a lack of segregation of duties and result in audit findings.
The authorized signers for the ASB account at Slauson Middle School will be:
• Slauson Middle School Principal: Yvette Walker
• Slauson Middle School Assistant Principal: Carol Fieri
• Director of Fiscal Services: Shannon Norris
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Budgetary Impact:
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Recommendation:
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It is recommended the Board of Education approve the change of banks from Wells Fargo to Foothill Credit Union.
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Approvals:
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Recommended By:
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Signed By:
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Melissa Vera - Secretary to Assistant Superintendent, Business Services
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Signed By:
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Latasha Jamal - Assistant Superintendent, Business Services
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Signed By:
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Arturo Ortega - Superintendent
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Vote Results:
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| Original Motion | | Member Adrian Greer Moved, Member Yolanda Rodriguez-Peña seconded to approve the Original motion 'It is recommended the Board of Education approve the change of banks from Wells Fargo to Foothill Credit Union.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Xilonin Cruz-Gonzalez | Yes | | Yolanda Rodriguez-Peña | Yes | | Adrian Greer | Yes | | Gabriela Arellanes | Yes | | Sabrina Bow, Ed.D. | Yes | |
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