[Mail_treas] [Treas] Separate Bank Accounts

[Laura Klosterman]

Ditto with Xenia.  We just brought all of our sports accounts in--they all
had separate bank accounts which they closed and the bank issued a cashiers
check to the school.  They now each have their own SCC.

Laura




*Laura S Klosterman, CPA*


*TreasurerMinster Local Schools*

*50 E. Seventh St.*

*Minster, OH  45865*

*419-628-3397 ext 2020*

*laura.klosterman at minsterschools.org <laura.klosterman at minsterschools.org>*


On Tue, Sep 19, 2017 at 9:51 AM, Darian Ascoli <dascoli at xenia.k12.oh.us>
wrote:

> Hi Merry!
>
> Xenia has an ADM of around 4,500.
>
> We do not  have a separate bank account for athletics, much less for each
> sport. We have each sport setup in our 300 fund with their own SCC.
>
> Good luck!
>
> Darian Ascoli
> Assistant Treasurer
> Xenia Community Schools
> Phone: (937) 562-9032
> xenia.k12.oh.us
>
> On Tue, Sep 19, 2017 at 9:45 AM, Merry Lou Knuckles <merrylou.knuckles@
> cardinalschools.org> wrote:
>
>> We are having a "friendly" debate with one of our support groups who is
>> telling us we need to have separate bank accounts for each sport because
>> every other school does this. I personally have not heard of this but ....
>>
>> Does anyone have a separate bank account for their athletic account that
>> handles all costs to run a sports program? Do you have a separate bank
>> account for each sport?  Or do you have a separate fund - 300 and
>> individual line items for each sport?
>>
>> Thanks for your input :)
>>
>> Merry Lou
>>
>> Merry Lou Knuckles
>> Treasurer
>> Cardinal Local Schools
>> 440-632-0261 <(440)%20632-0261>
>> 440-632-5886 <(440)%20632-5886> - fax
>>
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>>
>>
>
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