Item Coversheet

Council Communication

Department: Finance
Case/Project No.:
Submitted by: Finance Department / Danielle Bemis 		Resolution 25-150
ITEM 7.A.		Council Action: 6/9/2025
Description

Resolution amending the list of authorities for execution of financial transactions between the City of Council Bluffs, Iowa and institutions 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 October 2023 and has made revisions to the authorized individuals to transact business on behalf of the City. The amendment reflects changes to Finance staff, with Stephanie Harden and Andrea Collins, both Accounting Managers, replacing Grant Duin, previously 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 Policy, it is necessary to amend this resolution to reflect the staff changes within the Finance department and authority within. 
ATTACHMENTS:
DescriptionTypeUpload Date
Resolution 25-150Resolution6/4/2025