Resolution 2928-13 1 RESOLUTION NO. 2928-13
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3 A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
4 AUTHORIZING CERTAIN STAFF TO CONDUCT
FINANCIAL TRANSACTIONS,
5 SUPERSEDING RESOLUTION NO. 2850-08
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7 WHEREAS, the Board of Directors needs the District's financial staff to conduct
$ business on behalf of the South Tahoe Public Utility District; and
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WHEREAS, the Board of Directors of the South Tahoe Public Utility District (District)
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authorizes Paul Hughes, Chief Financial Officer, and Deborah Henderson, Accounting
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Manager, following transactions:
�2 1 . Transfer funds between authorized bank accounts and investment pools.
13 2. Purchase or redeem investment instruments, as provided by the District's
14 Investment Policy.
15 3. Execute ACH/wire fund transfers between authorized District bank
16 accounts.
�7 4. Establish wire fund transfers or approve electronic fund transfers to pay
�$ District obligations.
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WHEREAS, the Board of Directors of the South Tahoe Public Utility District
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authorizes Theresa Sherman, Accounting Supervisor, and Kim Garon, Accounting
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Technician, to perform the following financial transactions under the direction of or in
22 the absence of either Paul Hughes, Chief Financial Officer, and Deborah Henderson,
23 Accounting Manager.
24 1 . Transfer funds between authorized bank accounts and investment pools.
25 2. Execute ACH/wire fund transfers between authorized District bank
26 accounts.
27 3. Execute pre-established ACH/wire fund transfers to pay District
28 obligations.
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1 Resolution No. 2928-13
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4 NOW, THEREFORE, BE IT RESOLVED, that this authorization will remain in full force
5 until the Board gives written notice to the contrary.
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7 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 2nd day of May, 2013,
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by the following vote:
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11 AYES: Cefalu, Jones, Vogelgesang, Sheehan, Schafer
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NOES: None
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14 ABSENT: None
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�7 Eric Schafer, Board President
South Tahoe Public Utility District
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20 ATTEST:
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23 Kathy Sharp, Clerk of the Board
South Tahoe Public Utility District
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