Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Authorizations topic
No spam. Unsubscribe anytime.
Rochelle Park board sets $15,000 travel cap for 2026, establishes $400 petty cash fund and authorizes banking signatures
Summary
The Rochelle Park Board approved financial procedures at its Jan. 6 reorganization meeting, including Valley Bank as depository, a $400 petty cash fund with a $100 single-purchase limit, continuation of facsimile signatures, and a $15,000 annual travel and expense cap for staff and board members.
At its Jan. 6, 2026 annual reorganization meeting the Rochelle Park Board of Education approved several financial authorizations affecting district operations for the 2026 calendar year.
The board designated Valley Bank as a depository for district funds and reaffirmed authorized signatories for multiple district accounts. It continued the practice of facsimile signatures for the Board President and Treasurer of School Monies while requiring the Board Secretary’s original signature on vendor checks.
The board established a petty cash fund of $400 for the Superintendent’s Office and set a $100 maximum for any single petty cash purchase. The action follows state guidance on petty cash controls and was approved unanimously.
The board approved procedures allowing the School Business Administrator to use state contracts for purchases and authorized the Business Administrator/Board Secretary to make wire transfers among board accounts as necessary. The board also approved Standard Operating Procedures and designated the Business Administrator as the claims auditor authorized to verify and pay bills between meetings with the Board President’s advice and consent.
Separately, the board approved travel and related expense reimbursements up to a maximum of $15,000 for the 2026 calendar year; the Business Administrator is responsible for tracking expenditures to ensure the cap is not exceeded.
All financial resolutions (F1–F10) were adopted on roll-call votes as recorded in the meeting minutes.
