CLOSURE OF ACCOUNTS

The following procedures should be followed with respect to class accounts at graduation: 

• • • • • Keep class account open and active for 90 days after graduation to allow for outstanding bills to be received and paid. 

        • After 90 days, remaining funds must either be:

          • • • • Transferred to a separate account established by class members, not using the City’s tax ID number 

                • Transferred to the school’s SNDRY, 0000 (all grades) line

The following procedures should be followed with respect to inactive accounts: 

• • • • • Provide written notification about the inactive account to Bettsaly Echevarria in the BPS Finance Office. 

        • If the account should be closed out and has a balance of funds, 

          • • • • The balance of recognized student activity funds should be moved into the appropriate Program and Class subaccounts.

                • The balance of unrecognized student activity funds should be moved into the school's SNDRY, 0000 (all grades) line.