 |
AGENDA ITEM REVIEW FORM |
5.C.
Regular City Council Meeting
- Meeting Date:
- 09/27/2017
- Department Head:
- Carlos Cortes
- Submitted By:
- Carlos Cortes, Assistant Director of Finance, Finance Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any an all matters regarding the change/update of the current 1st Bank Yuma authorized signatures. (Carlos Cortes, Assistant Director of Finance)
SUMMARY:
1st Bank Yuma requires Council action in order to add/remove authorized signers on the City's bank accounts (General Deposit Checking Account, Payable Checking, Payroll Checking, Utility Savings). As a common practice for internal control, it is recommended to have the Mayor, Vice-Mayor, one Council Member and the City Manager as authorized signers. Therefore, Council Member Matias Rosales and Mr. Ralph Velez, previous City Manager will be removed from the City's bank accounts; and Vice Mayor Maria Cecilia Ramos and City Manager Tadeo A. De La Hoya will be added.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO REMOVE MATIAS ROSALES AND RALPH VELEZ AND TO ADD CITY MANAGER TADEO A. DE LA HOYA AND VICE MAYOR MARIA CECILIA RAMOS TO UPDATE THE LIST OF AUTHORIZED SIGNERS WITH 1ST BANK YUMA.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- N/A
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
N/A