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Board accepts treasurer's report, approves expenditures and selects Security Financial Bank
Summary
Trustees accepted the Treasurer's Report, approved monthly expenditures and receipts, and selected Security Financial Bank as the district's local bank; a staff member clarified that Fund 49 balance reflects 'cash on hand.'
The board accepted the Treasurer's Report as presented and approved the monthly student activity accounts report, monthly expenditures, and receipts; motions were carried unanimously. Board members asked about Fund 49 and whether the balance represented total funds or only liquid funds; Bookkeeper Lori Applebee clarified it represented only the 'cash on hand' amount.
The board also approved a bank proposal naming Security Financial Bank as the district's local bank depository (motion carried 7-0). A staff follow-up was noted: Lori Applebee will investigate whether certain payments had been made by credit card and report back to the board.
