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Peabody panel OKs superintendent authority to approve online fundraising for outside 'friends' groups
Summary
The Peabody School Committee voted to allow the superintendent to approve online fundraising for outside 'friends of' organizations and boosters, after hearing that state rules and payment‑processor fees prevent district-run accounts from accepting most online payments.
The Peabody School Committee voted Feb. 10 to permit the superintendent to approve online fundraising by outside "friends of" organizations, boosters and PTOs rather than through city- or school-run accounts.
The committee acted after a presentation from a city treasurer’s office representative who said state auditing and banking rules limit the district’s ability to accept credit-card payments or use separate merchant accounts for student-activity funds. "They raised, according to online, $18,000. That's before the 20%. That does not…
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