Obion County Board of Education
June 27, 2011

Background Information:

In accordance with the Tennessee Internal School Uniform Accounting Policy Manual, “the local board must approve accounts payable that will not be liquidated during the current fiscal year.” Hillcrest Elementary School has submitted a revised listing of outstanding purchase orders that will most likely not be liquidated prior to June 30, 2011, and requests Board approval for these outstanding encumbrances. The goods and services, which total $3,800, were encumbered in May and June, 2011.

South Fulton High School has submitted a listing of outstanding accounts payable that will not be liquidated prior to June 30, 2011, and requests Board approval for this outstanding invoice. The goods and services, which total $300, will be liquidated prior to the end of July, 2011.

Black Oak Elementary School has submitted a listing of outstanding purchase orders that will not be liquidated prior to June 30, 2011, and requests Board approval for this outstanding encumbrance. The goods, which total $1,599.20, were encumbered in May, 2011.

Staff Recommendation:

I recommend approval of the above-noted requests submitted by Black Oak and Hillcrest Elementary Schools, and South Fulton High School.