<div dir="ltr"><div>Hello everybody,<br><br></div>Many people asked about sharing any policy results that I received. Nobody sent me a policy, so I am just adding the following paragraph to our purchasing policy. This is more a concern with our community school (our community school adopts the District's policies), but I am adding it to the District just in case the situation arises. Let me know if you have any questions. <br><br>
<p style="margin-right:0in;margin-left:0in;font-size:12pt;font-family:"Times New Roman","serif""><u><span style="color:red">True-Up Reconciliation<span></span></span></u></p>
<p style="margin-right:0in;margin-left:0in;font-size:12pt;font-family:"Times New Roman","serif""><span style="color:red">The Treasurer should true-up any contracts and/or
agreements that are paid based on current year student counts (ADM or FTE). The
District understands the following: </span><span style="color:red">1) that the School’s FTE is subject to change by ODE
throughout the school year;<span> </span>2) that the
School’s final contractual liability to the Contractor shall be determined by
the final number of FTE’s determined and accepted by ODE for the school year;
and 3) if the Contractor has been overpaid (a material amount) based on the
School’s final FTE as determined by ODE, the District shall require the
Contractor to repay the amount of such overpayment<span> </span>(if determined to be material) to the School
within 30 days of receiving notice of such overpayment.</span><span style="color:red"><span></span></span></p>
<br><br></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><p><br></p><p><span style="color:rgb(11,83,148)"><font size="4"><i><b><span style="font-family:Arial,sans-serif">Scott M. Paul, Treasurer</span></b></i></font></span><font size="2"><b><br></b></font></p><p><font size="2"><b>Franklin Local School District/Community School</b></font><br></p><font size="2"><b>P.O. Box 428, 360 Cedar Street<br><br>Duncan Falls, Ohio 43734<br><br>Phone: 740-674-5203<br><br>Fax: 740-674-5214<br><br>Email: <a href="mailto:scott.paul@franklinlocalschools.org" target="_blank">scott.paul@franklinlocalschools.org</a><br><br></b></font></div><div><font size="2"><b><i>"</i></b></font><font size="2"><b><i><b>An investment in knowledge always pays the best interest</b>"<br><br></i></b></font></div><div><font size="2"><b><i> - Benjamin Franklin</i><br></b></font></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
<br><div class="gmail_quote">On Mon, Apr 2, 2018 at 9:56 AM, Scott Paul <span dir="ltr"><<a href="mailto:scott.paul@franklinlocalschools.org" target="_blank">scott.paul@franklinlocalschools.org</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>Hello,<br><br></div>Has anybody had their Board pass a true-up policy? The policy would cover when a vendor calculates payment based on ADM and the process for when the ADM changes and recalculating the payment. Thanks in advance. <br clear="all"><div><div><div><div><div class="m_1893814011393662464gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><p><br></p><p><span style="color:rgb(11,83,148)"><font size="4"><i><b><span style="font-family:Arial,sans-serif">Scott M. Paul, Treasurer</span></b></i></font></span><font size="2"><b><br></b></font></p><p><font size="2"><b>Franklin Local School District/Community School</b></font><br></p><font size="2"><b>P.O. Box 428, 360 Cedar Street<br><br>Duncan Falls, Ohio 43734<br><br>Phone: <a href="tel:(740)%20674-5203" value="+17406745203" target="_blank">740-674-5203</a><br><br>Fax: <a href="tel:(740)%20674-5214" value="+17406745214" target="_blank">740-674-5214</a><br><br>Email: <a href="mailto:scott.paul@franklinlocalschools.org" target="_blank">scott.paul@<wbr>franklinlocalschools.org</a><br><br></b></font></div><div><font size="2"><b><i>"</i></b></font><font size="2"><b><i><b>An investment in knowledge always pays the best interest</b>"<br><br></i></b></font></div><div><font size="2"><b><i> <wbr> - Benjamin Franklin</i><br></b></font></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div>
</blockquote></div><br></div>
<br>
<div><hr></div><font face="Arial, Helvetica, sans-serif" size="1"><b>CONFIDENTIALITY/PRIVACY NOTICE:</b></font><div><font face="Arial, Helvetica, sans-serif" size="1">This message, and any attachments transmitted with it, is for the designated recipient only and may contain privileged or confidential information. If you have received it in error please notify the sender, via return e-mail, immediately and permanently delete the original. Any unauthorized review, disclosure, dissemination, distribution, or copying of this e-mail is strictly prohibited. This message and any response to it may constitute a public record and, therefore, may be subject to disclosure upon request under Ohio law.</font></div>