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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Bill Greene, Chief Finance Officer & Treasurer |
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PRESENTER(S): |
Troy Bingham, Comptroller |
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TITLE:
title
R2023-01-01 Resolution Designating Authorized Users for Utah Public Treasurers’ Investment Fund Accounts
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Adopt Resolution R2023-01-01 authorizing the Treasurer (Chief Financial Officer), Comptroller and Assistant Treasurer as authorized users for the Utah Public Treasurers’ Investment Fund (PTIF) Accounts
BACKGROUND:
The Board of Trustees Policy 2.1, Financial Management, authorizes the Treasurer to open and close bank accounts and ensure that only authorized users are provided access to bank accounts.
This resolution updates the list of personnel that ate authorized and empowered by the Board of Trustees to act on behalf of the Agency to access funds, direct transaction and add, delete, or make changes to Utah Public Treasurers’ Investment Fund (PTIF) accounts.
DISCUSSION:
On February 10, 2021, the Board of Trustees adopted Resolution R2021-02-02 designating authorized users for the Utah Transit Authority’s Utah Public Treasurers’ Investment Fund Accounts.
Since the February 10, 2021 Board action, there have been organizational changes including the hiring of an Assistant Treasurer. The proposed resolution will designate the following as authorized users of UTA’s PTIF investment fund accounts: Bill Greene, Treasurer; Troy Bingham, Comptroller; and Rob Lamph, Assistant Treasurer.
ALTERNATIVES:
None
FISCAL IMPACT:
None
ATTACHMENTS:
Resolution R2023-01-01