Agenda Item
Meeting Date:
8/13/2018 - 7:00 PM  
Category:
Business/Action Items  
Type:
Action  
Subject:
17.19 Food & Nutrition Services New Bank Account with UNIFY Financial Credit Union  
LCAP (Local Control Accountability Plan) Goal:
 
Policy:
 
Enclosure:
 
File Attachment:
Bank Service Fee Analysis 2017-18.pdf
 
Summary:
Food & Nutrition Services is requesting approval to open a new bank account with UNIFY Financial Credit Union in Concord CA. Unify Financial Credit Union does not charge a bank fee for each transaction which will result in a cost reduction for bank fees.
First Reading occurred at June 25, 2018 meeting. This is a second reading for approval.
 
Funding:
N/A  
Fiscal Impact:
A projected annual $20,000 cost reduction in banking and transaction fees to Cafeteria Fund.  
Recommendation
Approve Food & Nutrition Services to open a new bank account with UNIFY Financial Credit Union.  
Approvals:
Recommended By:
Signed By:
Dominic Machi - Director, Food & Nutrition Services
Signed By:  
Nance Juner - Director of Fiscal Services
Signed By:  
Rose Ramos - Chief Business Officer
Signed By:  
Dr. Nellie Meyer - Superintendent
 
Vote Results:

New Motion
Member Brian Lawrence Moved, Member Cheryl Hansen seconded to approve the New motion 'Approve Food & Nutrition Services to open a new bank account with UNIFY Financial Credit Union.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Linda Mayo     Yes
Joanne Durkee     Yes
Cheryl Hansen     Yes
Brian Lawrence     Yes
Debra Mason     Yes