Review 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