Item Coversheet

Council Communication

Department: Finance
Case/Project No.:
Submitted by: Finance Department / Danielle Bemis 		Resolution 23-291
ITEM 7.B.		Council Action: 10/23/2023
Description

Resolution amending the list of authorities for execution of financial transactions between the City of Council Bluffs, Iowa and institutions authorized to hold City funds (non-corporate resolution). 
Background/Discussion

Several financial institutions and investment broker dealers require proof of authorization for the staff who transact official business with them. This proof is provided in the form of a resolution authorizing specific individuals to transact business with those institutions. It is often referred to as a "non-corporate resolution". 

 

The City has reviewed the last resolution approved in May 2021 and has made revisions to the authorized individuals to transact business on behalf of the City. The amendment reflects changes to Finance staff, with Danielle Bemis replacing Kristi Meckna as the Director of Finance and Grant Duin replacing Danielle Bemis as the Sr Accounting Manager. 

 

The "redline" version of the previous resolution is attached along with a clean version of the proposed amended resolution.

Recommendation

During the three-year internal policy review of the City's investment plan, it is necessary to amend this resolution to reflect the staff changes within the Finance department and authority within. 
ATTACHMENTS:
DescriptionTypeUpload Date
Resolution_Redline VersionOther10/4/2023
Resolution 23-291Resolution10/17/2023