2000-05-22 Regular Meeting - Laserfiche WebLink

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REQUW FOR CITY COUNCIL AGENDA r Agenda Date Requested: 5/22/00 ttJ( Department: Finance Requested By: Cynthia Alexander _ Report ~ Resolution _ Ordinance Exhibits: Resolution Amending Authorized Representatives of the City of La Porte SUMMARY & RECOMMENDATION The Public Funds Investment Act (PFIA) of 1987 requires that governing bodies designate by rule, order, ordinance, or resolution, as appropriate, one or more officers or employees of the entity to be responsible for the investment of its funds consistent with the investment policy adopted by the entity. The City of La Porte currently recognizes the Assistant City ManagerlFinance, Assistant Finance Director, and the Accountant as Investment Officers. Our previous Assistant City ManagerlFinance Director resigned and was replaced by the Assistant Finance Director leaving the Assistant Finance Director position vacant. A replacement started with the City on May 1st. We need to amend previous resolutions authorizing representatives to reflect this change. During the transition period, the Finance Director and the Accountant were authorized to perform transactions for the City of La Porte with the two investment pools, TEXPOOL and LOGIC. This resolution will amend that authorization to include Michael Dolby, Assistant Finance Director as an authorized representative. All of these individuals have either already received or will receive the required training as mandated by the PFIA. At this time we would like to amend this resolution to add Michael's name and signature. Action Required by Council: Approval of Resolutions Amending Authorized Representatives Availability of Funds: General Fund _Capital Improvement Other Water/Wastewater General Revenue Sharing Account Number: Funds Available: YES NO Approved for City Council Agenda ~\.~~ Robert T. Herrera City Manager 5- 1t9'OD Date