Review 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