3240-23 Authorizing Staff to Conduct Financial Transactions 1 RESOLUTION NO. 3240-23
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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
5 FINANCIAL TRANSACTIONS,
SUPERSEDING RESOLUTION NO. 3165-21
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WHEREAS, the Board of Directors needs the District's financial staff to conduct
8 business on behalf of the South Tahoe Public Utility District; and
9 WHEREAS, the Board of Directors of the South Tahoe Public Utility District (District)
10 authorizes Paul Hughes, Chief Financial Officer, and Greg Dupree, Accounting
11 Manager, following transactions:
12 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.
3. Execute ACH/wire fund transfers between authorized District bank
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accounts.
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4. Establish wire fund transfers or approve electronic fund transfers to pay
17 District obligations.
18 WHEREAS, the Board of Directors of the South Tahoe Public Utility District
19 authorizes Erika Franco, Accounting Supervisor, and Kim Garon, Accounting Technician,
20 to perform the following financial transactions under the direction of or in the absence
21 of either Paul Hughes, Chief Financial Officer, and Greg Dupree, Accounting Manager.
22 1 . Transfer funds between authorized bank accounts and investment pools.
23 2. Execute ACH/wire fund transfers between authorized District bank
24 accounts.
3. Execute pre-established ACH/wire fund transfers to pay District
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obligations.
26 NOW, THEREFORE, BE IT RESOLVED, that this authorization will remain in full force
27 until the Board gives written notice to the contrary.
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1 WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
2 Resolution no. 3240-23 was duly adopted and passed by the Board of Directors of the
3 South Tahoe Public Utility District at a regularly scheduled meeting held on the 16th day
4 of February 2023, by the following vote:
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AYES: Haven, Romsos, Peterson, Sheehan,Exline
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7 NOES: None
8 ABSENT: None
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11 avid eterson, Board President
12 South Tahoe Public Utility District
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14 ATTEST:
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16 izitt‘
17 Melonie_Guttry, Clerk of th Board
1-8;i_ South Tdhbe Public Utility District
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Resolution No.3240-23
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27 February 16,2023
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