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AGENDA ITEM REVIEW FORM |
2.B.
Work Session
- Meeting Date:
- 09/20/2017
- Department Head:
- Carlos Cortes
- Submitted By:
- Carlos Cortes, Assistant Director of Finance, Finance Department
Action Requested:
Discussion Item - No Action to be Taken
ITEM:
Discussion and possible directions to staff on any and all matters regarding changing/updating the current 1st Bank Yuma authorized signatures. (Carlos Cortes, Assistant Director of Finance)
SUMMARY:
1st Bank Yuma requires Council's action in order to add and remove authorized signers on the City's bank accounts (General Deposit Checking Account, Payable Checking, Payroll Checking, and 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, it is requested that Council Member Matias Rosales, previous Vice Mayor, and Mr. Ralph Velez, previous City Manager, be removed from the City's bank accounts and that Vice Mayor Maria Cecilia Ramos and City Manager Tadeo A. De La Hoya be added.
RECOMMENDATION / SUGGESTED MOTION:
Discussion and possible directions to staff only, no action.
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