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Board centralizes student body funds by closing site bank accounts
Summary
The board approved closing individual school student body bank accounts and transferring funds to the district US Bank account to improve reconciliation, internal controls and auditor compliance; approximately 100 accounts exist at the high school.
Director of Operations Daymond Monteith recommended consolidating individual school-level student body bank accounts into the district's US Bank account to address reconciliation challenges and auditor concerns. Historically each site maintained separate bank accounts—about 100 individual accounts at the high school alone—each managed by school secretaries, creating oversight difficulties.
Under the approved change, student groups retain ownership and control over expenditures for their activities but funds will be custodied and reconciled centrally by the Business Office. The motion to close site accounts and transfer funds carried unanimously. Auditors had previously recommended stronger central controls, and the board endorsed the proposal as a step toward increased transparency.
