FINANCE DEPARTMENT
M E M O R A N D U M
To: Honorable Mayor and City
Commission
From: Richard D. Sala, City Manager
By: Brian K. Raducci, Finance
Director
Date: May 29, 2007
Subject: Change in Signatories – State Board
of Administration
As a result of recent staff changes, it is necessary
to advise the State Board of Administration (SBA) of those changes and to
revise the City’s Investment Pool Systems Input Document form (form) in order
to designate the appropriate City representatives who are authorized to have
access to the City’s SBA accounts.
The form designates the appropriate City
representatives who will have authority to access all of the City’s SBA
accounts and is utilized to maintain proper internal controls. The following individuals were previously
authorized and will continue to have access to the accounts described above:
Brian
K. Raducci, Finance Director
(for the North Lauderdale
Water Control District)
At this time, the form will be updated to reflect the following
deletions:
C.
Milli Dyer, former City Clerk
Andrea
A. Gerlach, former Deputy City Clerk II
Ydia
A. Forster, former Controller
RECOMMENDATION:
The City Administration recommends Commission’s
consideration and approval of the attached Resolution authorizing and directing
the City Manager to amend the list of authorized State Board of Administration,
Local Government Surplus Trust Funds Investment Pool account users for all
accounts as set forth on the Investment Pool Systems Input Document form.
RESOLUTION NO ________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF NORTH LAUDERDALE,
FLORIDA, AUTHORIZING AND DIRECTING THE CITY MANAGER TO AMEND THE LIST OF
AUTHORIZED USERS FOR ALL STATE BOARD OF ADMINISTRATION, LOCAL GOVERNMENT
SURPLUS FUNDS INVESTMENT POOL ACCOUNTS AS SET FORTH ON THE INVESTMENT POOL
SYSTEMS INPUT DOCUMENT FORM, AND, PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Commission for the
City of North Lauderdale (“City”), previously authorized the use of State Board
of Administration, Local Government Surplus Trust Funds Investment Pool for
investing City’s surplus funds; and
WHEREAS, as a result of recent staff
changes, it is necessary to advise the State Board of Administration of those
changes and to revise the City’s Investment Pool System Input Document form in
order to designate the appropriate City representatives who are authorized to
have access to the City’s accounts; and
WHEREAS, the City Commission finds that
it is in the best interests of the City to approve the attached Investment Pool
System Input Document Form in order to designate the appropriate City
representatives who will have authority to access the City’s accounts and to
maintain proper internal controls.
NOW, THEREFORE, BE IT RESOLVED BY
THE CITY COMMISSION OF THE CITY OF
Section 1. The foregoing “WHEREAS” clauses are
hereby ratified and confirmed as being true and correct and are hereby made a
specific part of this Resolution upon adoption hereof.
Section 2. That the City Manager be and the same is
hereby authorized, and directed to amend the list of authorized users for all
State Board of Administration, Local Government Surplus Trust Funds Investment
Pool accounts as set forth on the Investment Pool Systems Input Document form.
Section 3. That this amendment shall delete the
former City Clerk, C.
Section 4. This Resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED BY THE CITY COMMISSION OF THE
CITY OF
APPROVED
AS TO FORM:
__________________________________
CITY
ATTORNEY SAMUEL S. GOREN
________________________________
MAYOR
JACK BRADY
________________________________
VICE
MAYOR RICH MOYLE
ATTEST:
_________________________________
DEPUTY CITY CLERK