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School committee approves student-activity account limits, authorizes closing inactive accounts after district audit
Summary
After a business-office review and a required DESE audit, the committee set maximum checking-account balances by school level and authorized administration to close inactive student-activity accounts and pursue unclaimed checks procedures.
The Westford School Committee on June 9 approved administrative recommendations to set maximum checking-account balances for student-activity funds and authorized the business office to close a number of inactive accounts districtwide following an internal review and pending external audit.
Why it matters: The business office told the committee the changes aim to reduce account proliferation, improve reconciliation practices and meet Department of Elementary and Secondary Education (DESE) audit requirements.
Key approvals and numbers
- Maximum checking limits: The committee approved the business-office recommendation to retain maximum checking account balances at $77,000 for elementary schools, $35,000 for middle schools…
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