AGENDA MEMORANDUM

 

 

Meeting Date:           September 13, 2010

 

From:                          Jerry Boop, CPA, CGFO,  Finance Director

 

Subject:                      Resolution Designating Authorized Signatories on the SunTrust Bank          

                                    Flexible Spending Account and Authorizing Payment of Money Drawn         on This Account

 

 

Staff Recommendation:

Staff recommends immediate adoption of the proposed Resolution authorizing signatures on bank accounts.

 

Analysis:

The proposed Resolution designates the current Mayor, City Manager, and Finance Director as authorized signatories for the following described Suntrust Bank account.

 

The proposed Resolution also authorizes Suntrust Bank to honor all checks, drafts, or other orders for payment of money drawn in the name of the City of Leesburg on the following described accounts and to charge for transactions on this same account.

 

Due to the recent change in Flexible Spending Account administrator, (from Blue Cross/Blue Shield to AFLAC), it is important that the proposed designation of authority described by the resolution take effect immediately upon passage. 

 

Authorized signatories:

            David Knowles, Mayor

            Jay Evans, City Manager

            Gerald Boop, Finance Director

 

Options:        

1.   Adopt the resolution as presented; or

2.   Such alternative action as the Commission may deem appropriate.           

 

 

Fiscal Impact

None

 

Submission Date and Time:    9/16/10 12:11 PM____

 

Department: __Finance_____________

Prepared by:  __Puggy Johnson____                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised

 

Reviewed by: Dept. Head __JB___

 

Finance  Dept. ____________JB____                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


                            

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG AUTHORIZING SUNTRUST BANK TO HONOR ALL CHECKS, DRAFTS, OR OTHER ORDERS IN THE NAME OF CITY OF LEESBURG FLEXIBLE SPENDING ACCOUNT; AUTHORIZING SUNTRUST BANK TO HONOR AND CHARGE THE CITY COMMISSION FOR ALL SUCH ORDERS FOR PAYMENT OF MONEY; DESIGNATING THE INDIVIDUALS AUTHORIZED TO ISSUE ORDERS FOR THE PAYMENT OF MONEY ON BEHALF OF THOSE DESCRIBED CITY OF LEESBURG ACCOUNT, AND PROVIDING A SAMPLE OF SAID INDIVIDUALS SIGNATURE; AND PROVIDING AN EFFECTIVE DATE.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Mayor and City Clerk are hereby authorized to execute an agreement  with Suntrust Bank,  whose address is 200 S. Orange Ave. Orlando, FL 32801, for Banking Services associated with the newly established Flexible Spending Account.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __13___ day of _September_ 2010

 

 

 

                                                                            ______________________________

                                                                             Mayor

 

ATTEST:

 

 

_____________________________________

City Clerk