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Meeting Date:
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5/2/2024 - 6:00 PM
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Category:
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Reorganization Action Items
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Type:
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Action
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Subject:
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9.3 Resolution for List of Depositories FY 2024-2025
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Strategic Plans:
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Priority 1.2 1.2 Adopt a sustainable fiscal strategy and operating budget that is aligned with the strategic plan and drives district priorities.
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Enclosure
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Resolution for List of Depositories FY 2024-2025
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File Attachment:
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Summary:
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The Newark Board of Education use the following banks as depository for the 2024-2025 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, Investors Bank/Citizens Bank, Chase Bank and NJ/ARM.
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Funding :
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Recommendation to the Board:
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To approve the list of depositories for the 2024-2025 fiscal year.
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Approvals:
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Recommended By:
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Signed By:
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Maria Arce - Coordinator of Business Services
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Signed By:
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Pablo Canela - Executive Controller
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Signed By:
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Valerie Wilson - School Business Administrator
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Signed By:
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Roger León - Superintendent
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Vote Results:
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| Original Motion | | Member Josephine Garcia Moved, Member Dawn Haynes seconded to approve the Original motion 'To approve the list of depositories for the 2024-2025 fiscal year.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0. | | The motion Carried 8 - 0 | | | | | Helena Vinhas | Yes | | Kanileah Anderson | Yes | | Allison K. James-Frison | Yes | | Crystal Williams | Yes | | Vereliz Santana | Yes | | Hasani Council | Yes | | Dawn Haynes | Yes | | Josephine Garcia | Yes | |
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