HomeMy WebLinkAbout6.F.4. Updating List of Individuals Authorized to Make Bank Transactions - Resolution No. 7645 0111111111 Consent Business 6. F. 4.
SHAKOPE F
TO: Mayor and City Council
FROM: Kris Wilson, Assistant City Administrator
DATE: 12/01/2015
SUBJECT: Updating List of Individuals Authorized to Make Bank Transactions -
Resolution No. 7645 (C)
Action Sought
The Council is asked to offer Resolution 7645, a resolution designating individuals
authorized to perform certain banking transactions, and move its adoption.
Background
The City's bank requires formal action of the City Council to change the list of
people authorized to sign City checks and authorize certain bank transactions.
Currently the Mayor and Assistant City Administrator sign all checks. With
Assistant City Administrator Kris Wilson's employment ending December 9, 2015,
there is a need to designate a different authorized signer.
Recommendation
It is recommended that the City Administrator be named as the second authorized
signer on physical checks.
Requested Action
The Council is asked to offer Resolution No. 7645, a resolution designating
individuals authorized to perform certain banking transactions, and move its
adoption.
Attachments: Resolution 7645
RESOLUTION NO. 7645
A Resolution Designating Individuals Authorized to Perform Certain Banking Transactions
WHEREAS, Anchor Bank is designated as a depository of City funds; and
WHEREAS, the City must designate individuals authorized to sign checks,transfer funds and
approve transactions on behalf of the City;
NOW THEREFORE BE IT RESOLVED that checks, drafts or other withdrawal orders issued
against the funds of the City on deposit with said bank shall be signed by both the Mayor and the
City Administrator.
BE IT FURTHER RESOLVED that the City Administrator, Interim Finance Director,
Accounting Manager, Payroll &Benefits Specialist and HR Specialist are authorized to make
transfers into and out of the City accounts for various purposes including investments,payroll
withholdings and debt service payments and other banking transactions as deemed appropriate.
IT IS FURTHER RESOLVED that effective December 9, 2015 this Resolution supersedes all
prior and conflicting resolutions, including Resolution No. 7548.
Adopted in regular session of the City Council of the City of Shakopee, Minnesota,this 1st day
of December,2015.
Mayor of the City of Shakopee
ATTEST:
Deputy City Clerk