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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): |
Brian Reeves, Associate CFO |
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Rob Lamph, Comptroller |
TITLE:
title
R2024-09-08 - Resolution Authorizing the Handling of Funds, and the Investment and Disbursement of Monies
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Adopt Resolution R2024-09-08 authorizing the handling of UTA funds, and the investment and disbursement of monies as presented.
BACKGROUND:
Board of Trustees Policy 2.1, Financial Management, authorizes officers to open and close bank accounts and ensure that only authorized users are provided access to bank accounts and signing authority. This Resolution updates the list of authorized employees due to some organizational changes, including the creation of a new position.
This resolution updates the titles of personnel that are authorized and empowered by the Board of Trustees to act on behalf of the Agency to invest or reinvest funds, establish accounts with financial institutions, and sign checks.
DISCUSSION:
On July 26, 2023, the Board of Trustees adopted Resolution R2023-07-07 authorizing the handling of funds, and the investment and disbursement of monies.
Since the July 26, 2023 Board action, there has been a change of position title from Assistant Treasurer to Associate Chief Financial Officer. The proposed resolution will update the resolution with positions authorized to invest or reinvest and create accounts with financial institutions: the Chair, Executive Director, Treasurer, Comptroller, and Associate Chief Financial Officer. Signing authority on checks: the Chair, Executive Director, Treasurer, Comptroller, Associate Chief Financial Officer, and Deputy Comptroller.
ALTERNATIVES:
None
FISCAL IMPACT:
None
ATTACHMENTS:
Resolution R2024-09-08