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USD 422 board approves bank bid, mileage, petty cash and $63,781.15 in bills
Summary
The board accepted Centera Bank's bid for idle funds, set mileage at $0.50 per mile, established petty cash limits, and approved payment of July bills totaling $63,781.15 at the July 8 meeting.
The Unified School District No. 422 Board accepted a bid from Centera Bank to invest the district’s idle funds at 0.05 percentage points above the state rate established by K.S.A. 75-4210, in a motion recorded in the minutes that passed unanimously. The board also approved payment of July bills in the amount of $63,781.15 (motion by Cory Zenger; second by Mike Greenleaf; recorded tally: Yes 5, No 0).
Financial housekeeping items approved included setting the 2024–25 mileage reimbursement rate at $0.50 per mile (motion by Jamie Brown; second by Cory Zenger) and establishing petty cash limits of $1,500 for the clerk and $150 each for the junior high/high school and elementary. These measures were recorded as passed by unanimous votes in the minutes and are intended to put routine administrative controls in place for the fiscal year.
