CCPS hires armored car service to transport cash
— Starting in July, Cecil County Public Schools will begin using an armored car service to transport cash and checks from its schools to the bank.
The Board of Education on Monday night unanimously voted to hire Dunbar Armored, Inc., based in Hunt Valley, at a cost of $62,524 a year with the option of extending the contract for five additional, one-year con-
tracts at the same rate.
“As the board is aware, we’ve had some concerns about the security of funds being taken from school sites to banking institutions,” Superintendent D’Ette Devine said. “It’s a security issue for our staff.”
School staff currently transfer a total of “several million” dollars in cash each year from county schools to the bank, said CCPS Chief Financial Officer Tom Kappra. The majority of that money, he added, comes from Food and Nutrition Services.
Currently, the cash is transported to PNC Bank but starting this summer, the school system is moving all its school accounts to the CCPS Employee Credit Union, Kappra said. Once the school year starts, Dunbar will transport cash from the schools twice a week to the credit union branch in North East, he said.
Dunbar’s bid was the only one the school system received, though Kappra said CCPS had been talking to a few other companies in hopes of receiving more bids.
“We thought maybe we would get at least two,” he said. “We’ve been trying for a year.”
Following the meeting, Kappra said “nothing really happened” to prompt hiring the armored car service, but noted that continuing to have staff transport the cash is a security risk.
“We want to do this before anything does happen,” he said.