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Greendale board approves depositories, check-signing authority and $4.8 million in disbursements
Summary
The board approved bank depositories, amended contract-signing authority to $100,000, accepted monthly financials and approved checks and disbursements totaling $4,801,069.30; staff reported audit clean-up involving reissued stale checks and outlined next steps for capital projects and budget adjustments.
The Greendale School Board approved several routine financial and administrative items at its April 28 meeting, including annual bank depositories, an amendment to contract-signing authority and the monthly checks and disbursements.
Administration explained the depository list change — North Shore Bank is no longer used for food-service deposits — and presented US Bank, Local Government Investment Pool, Wisconsin Investment Series Cooperative and Tri City National Bank for board approval. The motion to approve the depositories was moved and passed by roll call.
The board also clarified contract-signing authority under board policy. Administration and board members confirmed the…
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