Green Cove Springs, Florida
Agenda Item #41
Item Title
C-45 Write Off NSF Checks at KHE, KHH, WEC, WES, and LAE (Revised)
Issue/Rationale
Chapter Seven (School Internal Funds) of the Financial and Program Cost Accounting and Reporting for Public Schools Manual (THE “RED” BOOK) requires under Section III 1.6(b) that a check can be declared uncollectible and written off the books only by the action of the School Board. Therefore, we are requesting that permission be granted to write off the NSF checks at the above schools. It is felt that school personnel have made every attempt to recover the funds in question.
Recommended Action
Approve the request.
Financial Impact
To write off the NSF checks will reduce the revenues of the school’s internal funds account.
Submitted By
Dr. George F. Copeland, CPA, Asst. Superintendent for Business Affairs
DATA SOURCE:
Denise Adams, Principal, WES
Dale R. Eichhorn, Principal, LAE
Mary Mimbs, Principal, KHE
Susan Sailor, Principal, KHH
Angela Whiddon, Principal, WEC
Roni M. Campbell, Coordinator of Accounting and Internal Accounts
Attachment: NSF Writeoff 6-2006.pdf