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USD 422 accepts bank bid, adopts GAAP waiver and sets reimbursement, petty cash and audit contracts
Summary
The board approved a bank bid from Greensburg State/SJN Bank (0.26% above the state rate), adopted Resolution No. 2301 waiving GAAP fixed-asset accounting, set mileage at $0.50 per mile, established petty cash limits and approved VonFeldt, Bauer & VonFeldt as auditors; the board also approved a health services contract with Kiowa County Health Department at $25/hour.
The Unified School District No. 422 board accepted a bid from Greensburg State/SJN Bank for investment of the district’s idle funds at 0.26 percent above the state rate established by K.S.A. 12-1675. The motion was moved by J. Wynn Fleener and seconded by Paul Kendall and carried by recorded vote (Yes: 6; No: 0).
The board adopted Resolution No. 2301, a waiver from generally accepted accounting principles that includes fixed asset accounting, by a unanimous vote. The board also approved the auditing firm VonFeldt, Bauer & VonFeldt for budget and auditing services for 2022-23.
On routine fiscal policy, the board set the 2022-23 mileage reimbursement rate at $0.50 per mile and established petty cash limits of $1,500 for the clerk, $150 for the high school and $150 for the elementary/junior high. Separately, the board approved a contract with the Kiowa County Health Department for 2022-23 health services at a rate of $25 per hour.
These actions were recorded in the minutes as part of the board’s governance of district finances and operations.
