Created : December 30, 2013 at 01:11 PM
March 15, 2005
Status: Pending
Approve and authorize the Superintendent/designee(s) to enter into Merchant Agreements as necessary to permit post secondary adult students to use credit cards for payment at the technical centers, alternative high schools and community schools.
These agreements will enable the District to contract with a financial institution(s) and third party in the acceptance and payment of credit card transactions. Currently, the District’s technical centers and community schools accept credit cards for the payment of fees for registration and bookstore supplies.
Prior to this request, each site was entering into individual agreements, which proved not to be the most prudent business practice. A District contract naming SBBC as “merchant” will provide the necessary legal protection required in disputes resulting from payment transactions at participating schools.
There is a financial impact to each participating school’s budget, since all fees incurred for the credit card transactions are deducted from the school’s budget and considered to be a cost of doing business.
Requested Action
Approve and authorize the Superintendent/designee(s) to enter into Merchant Agreements as necessary to permit post secondary adult students to use credit cards for payment at the technical centers, alternative high schools and community schools.
Summary
These agreements will enable the District to contract with a financial institution(s) and third party in the acceptance and payment of credit card transactions. Currently, the District’s technical centers and community schools accept credit cards for the payment of fees for registration and bookstore supplies.
Prior to this request, each site was entering into individual agreements, which proved not to be the most prudent business practice. A District contract naming SBBC as “merchant” will provide the necessary legal protection required in disputes resulting from payment transactions at participating schools.
School Board Goals
| Goal 3 - All operations of the school system will demonstrate best practices while supporting student achievement. |
Financial Impact
There is a financial impact to each participating school’s budget, since all fees incurred for the credit card transactions are deducted from the school’s budget and considered to be a cost of doing business.
Source of Additional Information
Robert B. Crawford 754 321-5100
Associated File Attachments
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ExecutedARF (Files) |