Agenda Item
Meeting Date:
5/1/2025 - 6:00 PM
Category:
Reorganization Action Items
Type:
Action
Subject:
10.7 Resolution for List of Depositories FY 2025-2026
Strategic Plans
:
Priority 1.2
1.2 Adopt a sustainable fiscal strategy and operating budget that is aligned with the strategic plan and drives district priorities.
Enclosure
:
Resolution for List of Depositories FY 2025-2026
File Attachment:
Resolution - List of Depositories for FY 2025-2026.pdf
Summary
:
The Newark Board of Education use the following banks as depository for the 2025-2026 fiscal year: Banco Popular FSB Industrial Bank Wells Fargo Bank Of America TD Bank North Santander Bank PNC Bank Valley National Bank M&T Bank Provident Bank Capital One Bank Investor Bank/Citizens Bank Chase Bank NJ/ARM
Funding
:
Recommendation to the Board
To approve the list of depositories for the 2025-2026 fiscal year.
Approvals:
Recommended By:
Signed By:
Brittany Rankins - Clerk 3
Signed By:
Pablo Canela - Executive Controller
Signed By:
Valerie Wilson - School Business Administrator
Signed By:
Roger León - Superintendent
Vote Results:
Original Motion
Member
Helena Vinhas
Moved, Member
Josephine Garcia
seconded to approve the
Original
motion 'To approve the list of depositories for the 2025-2026 fiscal year.'. Upon a Roll-Call Vote being taken, the vote was: Aye:
8
Nay:
0
.
The motion
Carried
8 - 0
Hasani Council
Yes
Josephine Garcia
Yes
Vereliz Santana
Yes
Allison K. James-Frison
Yes
Kanileah Anderson
Yes
Helena Vinhas
Yes
David I. Daughety
Yes
Louis Maisonave, Jr.
Yes