In the past, several collection attempts were made by District employees and at District expense to collect on checks returned from our banking institution as having non-sufficient funds (NSF).  On June 13, 2005, the Board approved a yearly agreement, with auto renewal, with Automated Recovery Systems (ARS) for NSF and delinquent revenue collection services.

Check(s) have been received from the following individual(s) and the check(s) have been returned by the bank marked as NSF.  List attached. 

The Superintendent recommends approval of the Non-Sufficient Funds (NSF) check list for collection via Automated Recovery Systems (ARS).

Motion and approval the Non-Sufficient Funds (NSF) check list for collection via Automated Recovery Systems (ARS).

Fiscal impact will not be determined until the ARS agency has made collection.  At this time the total of all NSF checks for the month of April  2009 total $4,239.35.  Schools internal accounts represent $3,644.35 of the total NSF amount, and food service $595.00.

The total of all NSF checks for the month of May 2009 total $1,501.40.  Schools internal accounts represent $1,386.40 of the total NSF amount, and food service $115.00.

Finance

JD/dd

07/27/09