DEPOSITS

Check out this how-to video on depositing funds into the Before/After School Account.

The only funds that can be deposited into the Agency Account are funds collected from parents/families for their child's participation in school-based before/after school programming, voucher payments, and donations specifically earmarked for before/after school programming.

NO other sources of funds should be deposited in this account.

To deposit funds into your school’s before/after school account:

• • • • • Deposit funds at a Boston Citizens Bank branch using the unique deposit slips provided to your school. A separate deposit slip is not needed for each check, multiple checks can be listed on a single deposit slip. *This is critical to ensuring funds are deposited into your school's correct subaccount.*

        • Allow at least 5 business days for the deposit to be reflected in BAIS Financials.

**The deposit slips for the Before/After School Agency Account will look similar to the deposit slips for the Student Activity Agency Account, so be careful to use the appropriate deposit slip. **

Schools need to notify Yvonne Macrae in the BPS Finance Office when they are running low on unique deposit slips, not once they've run out of deposit slips, so additional deposit slips may be ordered and delivered to the school.

A $25 fee will be assessed for each check returned. When this occurs, schools need to:

• • • • • Issue this letter, which acts as an invoice to the individual whose check was returned.

        • Keep a copy of the letter at the school and send a copy to Anu Jayanth in the BPS Finance Office.

If the $25 fee is not recouped from the individual whose check bounced by 4/1/20, the school has two options:

• • • • • The school can allocate general operating funds to cover the $25 fee

        • The school can pay the $25 fee with excess before/after school funds