HomeMy WebLinkAboutAgenda Report - February 19, 2014 C-09AGENDA ITEML; •01
4% CITY OF LODI
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AGENDA TITLE: Adopt Resolution Delegating Authority to Change Banking Signature Cards to
Treasurer
MEETING DATE: February 19, 2014
PREPARED BY: Deputy City Manager/Treasurer
RECOMMENDED ACTION: Adopt a resolution delegating authority to change banking signature
cards to the Treasurer.
BACKGROUND INFORMATION: The City of Lodi holds bank accounts at Farmers and Merchants
Bank and Certificate of Deposit accounts at various local banks.
Currently there are three signors on the accounts that act on behalf
of the City of Lodi to coordinate internet banking, wire transfers, automated clearing house entries and
other related banking duties. As staff changes occur, it becomes necessary to remove and add staff in a
timely manner in order to safeguard the accounts and continue with normal banking business processes.
The attached resolution delegates to the Treasurer, together with the consent of the City Attorney, the
authority to change banking signature cards, adding and deleting staff deemed necessary to carry out
banking duties on behalf of the City in order to maintain security of the accounts as well as ensure
continuance of necessary banking processes as staffing changes occur.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: Not applicable.
Jor n Ayers,
Deputy City Manager/Treasurer
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RESOLUTION NO. 2014-23
A RESOLUTION OF THE LODI CITY COUNCIL
DELEGATING THE AUTHORITY TO CHANGE
BANKING SIGNATURE CARDS TO TREASURER
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WHEREAS, the City of Lodi maintains banking accounts with Farmers and
Merchants Bank and Certificate of Deposit accounts with various local banks; and
WHEREAS, from time to time as staff changes occur, it becomes necessary to
add and remove staff in a timely manner in order to safeguard the accounts and
continue with normal business processes.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the Treasurer together with the consent of the City Attorney to add and remove
staff to/from banking signature cards as becomes necessary with changes in City staff;
and
BE IT FURTHER RESOLVED that the City Council does further delegate to the
Treasurer the authority to change banking signature cards.
Dated: February 19, 2014
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I hereby certify that Resolution No. 2014-23 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 19, 2014, by the following
vote:
AYES: COUNCIL MEMBERS — Hansen, Johnson, and Mayor Katzakian
NOES: COUNCIL MEMBERS — Mounce and Nakanishi
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
RANDI JOHL-OLSON
City Clerk
2014-23