DATE: October 31, 2014
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Russ Truell, Assistant City Administrator
SUBJECT:
title
Consideration of Resolution 2014-80, a Resolution Certifying Bank Accounts and Loans (11/13/14 Finance 3-0)
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning authorized signers for bank accounts and loans
Background
This resolution allows the Mayor, City Administrator, and Assistant City Administrator/CFO to sign documents concerning bank accounts and loans. It also allows account information to be released to the Finance Department's Comptroller and Financial Manager in the course of day-to-day business.
Financial Impact
No financial impact
Recommendation
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Staff recommends approval of this resolution