Item Coversheet
CITY COUNCIL STAFF REPORT
Monday, May 24, 2021

 

Subject

Resolution 2021-XX: Authority to Make Electronic Funds Transfers
Section CONSENT AGENDA Item No: D.13.
Prepared By
Kelly Strey, Finance DirectorFile No: 

PROPOSED MOTION

"The City Council adopts a resolution delegating authority to the City's Finance Director to make electronic funds transfers for the current year effective until the first organizational meeting in 2022."

 

Approval requires a Simple Majority Vote of members present.

BACKGROUND

Minnesota Statute 471.38 Subd. 3a requires that the city shall annually delegate the authority to make electronic funds transfers to a designated business administrator or chief financial officer or the officer's designee.  This is an annual designation that is effective for the current year and is effective until the first organizational meeting in January 2022.

RECOMMENDATION

Staff recommends the City Council adopt a resolution delegating authority to the City's Finance Director to make electronic funds transfers.  

ATTACHMENTS:
Description
Resolution