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SH"L+E <br /> w <br /> REQUEST FOR COUNCIL ACTION <br /> Date: 1/09/12 <br /> Item No.: 7 • e <br /> Department Approval City Manager Approval <br /> Item Description: Designation of Official Bank Signatories for 2012 <br /> BACKGROUND <br /> State Statute requires the City to designate officials with the authority to sign checks for payment of goods <br /> 3 and services. This includes checks processed through the City's payroll and accounts payable systems. <br /> 5 Traditionally, the Mayor, City Manager, and Finance Director have been designated as authorized <br /> 6 individuals. <br /> 7 POLICY OBJECTIVE <br /> 8 The designation of official bank signatories is required under State Statute. <br /> 9 FINANCIAL IMPACTS <br /> '1 0 Not applicable. <br /> 11 STAFF RECOMMENDATION <br /> 1 d"? Staff Recommends that Mayor Dan Roe,City Manager Bill Malinen,and Finance Director Chris Miller be <br /> '1 3 designated as official signatories for 2012. <br /> '1 r° REQUESTED COUNCIL ACTION <br /> '1 5 Adopt the attached resolution designating the Mayor, City Manager, and Finance Director as official <br /> '1 6 signatories for 2012. <br /> 17 <br /> Prepared by: Chris Miller,Finance Director <br /> Attachments: A: Resolution designating the Mayor,City Manager,and Finance Director as official signatories for 2012 <br /> '18 <br /> Page 1 of 2 <br />