File #: 20-0524    Version: 1 Name: Banking Signatories Updated
Type: Agenda Item Status: Approved
File created: 10/27/2020 In control: City Council
On agenda: 11/10/2020 Final action: 11/10/2020
Title: Consider and take action on a resolution appointing officers who are authorized to sign on behalf of the City in banking and other monetary transactions (Director of Finance)
Attachments: 1. Data Sheet, 2. Proposed Resolution

Title

Consider and take action on a resolution appointing officers who are authorized to sign on behalf of the City in banking and other monetary transactions (Director of Finance)

 

Background:

Approval of this resolution will update the titles of officers who are authorized signers to reflect recent changes in position titles.

 

The current authorized signers for the City's banking and other monetary transactions are Mayor, City Manager, Director of Finance, Assistant Director of  Finance, and Treasury Manager.

 

Staff requests that the authorized signers be  updated  to  reflect  the  titles  of  the   current  staff  responsible  for these activities by replacing the  Assistant Director  of  Finance  with  the  Controller and replacing the Treasury Manager with the Assistant Controller.

 

Attachments:

1.  Data Sheet

2.  Proposed Resolution

 

CONTRACT ORIGINATION: N/A

                                     

FUNDING

{  } Funds are available from Account #________                                          

{  } Requires Budget Amendment to transfer from Account #______ to Account #______

{x} NOT APPLICABLE

 

STRATEGIC PLANNING

{  } Addresses Strategic Planning Critical Success Factor # ______ and Initiative # ______

{x} NOT APPLICABLE