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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Viola Miller, CFO |
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PRESENTER(S): |
Rob Lamph, Assistant Treasurer |
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TITLE:
title
R2024-03-03 - Resolution Designating Authorized Users for the Authority’s Utah Public Treasurers’ Investment Fund Accounts
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Adopt Resolution R2024-03-03 authorizing the Treasurer (Chief Financial Officer), Acting 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 are authorized and empowered by the Board of Trustees to act on behalf of the Agency to access funds, direct transactions, and add, delete, or make changes to Utah Public Treasurers’ Investment Fund (PTIF) accounts.
DISCUSSION:
On June 28, 2023, the Board of Trustees adopted Resolution R2023-06-05 designating authorized users for the Utah Transit Authority’s Utah Public Treasurers’ Investment Fund Accounts.
Since the June 28, 2023 Board action, there have been organizational changes including the appointing of an Acting Comptroller. The proposed resolution will designate the following as authorized users of the UTA’s PTIF investment fund accounts: Viola Miller, CFO/Treasurer; Eric Barrett, Acting Comptroller; and Rob Lamph, Assistant Treasurer.
ALTERNATIVES:
None
FISCAL IMPACT:
None
ATTACHMENTS:
R2024-03-03 Resolution Designating Authorized Users for the Authority’s Utah Public Treasurers’ Investment Fund Accounts