Resolution 2840-07
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RESOLUTION NO. 2840-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
TO DESIGNATE AUTHORIZED SIGNATORIES OF ALL
DISTRICT BANK ACCOUNTS
SUPERSEDING RESOLUTION NO. 2590
WHEREAS, at each board meeting of the South Tahoe Public Utility District the
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Board Directors review and authorize payment of claims.
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WHEREAS, strong internal controls are in place for check issuance, including
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physical controls, computer software access controls, segregation of duties, and Payee
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Positive Pay.
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WHEREAS, check signing is an administrative function best delegated to senior
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management staff.
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WHEREAS, financial institutions require the Board of Directors designate the
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appropriate positions allowed to withdraw funds from all accounts by check, draft, or
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other items, for and on behalf of the South Tahoe Public Utility District.
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NOW THEREFORE BE IT RESOLVED by the Board of Directors of the South
Tahoe Public Utility District, a public agency in the County of EI Dorado, State of
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California that any two of the following designated positions are authorized to withdraw
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funds from all accounts by check, draft, or other items, for and on behalf of the South
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Tahoe Public Utility District: General Manager, Assistant General Manager, Chief
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Financial Officer and Executive Services Manager.
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Resolution No. 2840-07
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WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
Resolution was duly adopted and passed by the Board of Directors of the South Tahoe
Public Utility District at a regularly scheduled meeting held on the 6th day of
December, 2007, by the following vote:
AYES:
Directors Wallace, Jones, Schafer, Mosbacher
NOES:
None
ABSENT:
Director Farrell
Eric W. Sch fer, ard President
South Tahoe PuB ic Utility District
ATTEST: