Green Cove Springs, Florida
Agenda Item #37
Item Title
C-25 Write off Non-Sufficient Funds (NSF) Checks at SLE and RHS
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 uncollectable 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 following NSF checks:
William Campbell (RHS) $100
Matthew Dixon (SLE) $38.95
It is felt that school personnel have made every attempt to recover the funds in question.
Recommended Action
Approve request to write off NSF checks at SLE and RHS, as presented.
Financial Impact
To write off the NSF checks will reduce the revenues of the schools' internal funds accounts.
Submitted By
Dr. George F. Copeland, CPA, Asst. Superintendent for Business Affairs
DATA SOURCE: Dale Eichhorn, Principal, SLE, John Westmoreland, Principal, RHS, and Roni M. Campbell, Coordinator of Accounting and Internal Accounts