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RESOLUTION NO. 12,317
3 A RESOLUTION AUTHORIZING THE FINANCE ADMINISTRATIVE
4 COORDINATOR, BUDGET ANALYST, AND PENSION
5 TECHNICIANS TO EXECUTE WIRE TRANSFERS FROM CITY BANK
6 ACCOUNTS HELD BY METROPOLITAN NATIONAL BANK IN
7 ORDER TO TRANSACT CITY BUSINESS AND TO EFFECT
8 SECURITIES TRANSACTIONS, AND, WITH PRIOR WRITTEN
9 APPROVAL OF THE CITY CONTROLLER OR FINANCE DIRECTOR,
10 TO MAKE, EXECUTE, AND DELIVER ANY AND ALL WRITTEN
11 INSTRUMENTS NECESSARY OR PROPER TO EFFECTUATE THE
12 AUTHORITY HERBY CONFERRED; AND FOR OTHER PURPOSES.
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14 WHEREAS, the City of Little Rock, Arkansas (the "City ") has a contract with
15 Metropolitan National Bank for Banking Services; and
16 WHEREAS, certain City employees require wire transfer authority in order to
17 transact City business and to effect securities transactions; and
18 WHEREAS, internal control considerations require wire transfer authority be
19 granted to employees whose duties excluded certain functions in the accounting
20 system; and
21 WHEREAS, The Finance Administrative Coordinator, the Budget Analyst and
22 Pension Technician positions provide the necessary segregation of duties, and
23 WHEREAS, Metropolitan National Bank requires a corporate resolution from the
24 Board of Directors authorizing certain City employees to wire transfer funds from City
25 bank accounts;
26 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
27 THE CITY OF LITTLE ROCK, ARKANSAS:
I Section 1. Sharon Phillips, Finance Administrative Coordinator, Silas Roaf,
2 Budget Analyst, Shernetta Robinson, Pension Technician, and Gwynne Young, Pension
3 Technician, are authorized individuals to wire transfer funds from City bank accounts
4 held at Metropolitan National Bank in order to transact City business and to effect
5 securities transactions.
6 Section 2. The City Clerk is authorized to certify, from time to time, the names
7 and titles, to Metropolitan Bank, of those persons authorized to wire transfer funds
8 from City bank accounts.
9 Section 3. The City Clerk is further authorized to certify to Metropolitan
10 National Bank that such notification has been duly adopted and will remain in full force
11 and effect until Metropolitan National Bank receives a duly authorized amendment to
12 the certification form. However, authorization to remove an individual's name, if that
13 individual is no longer a City employee, may be submitted by the Director of Finance or
14 the City Manager and this shall serve to amend the current list of authorized
15 individuals who have authority to wire transfer funds from City bank accounts.
16 ADOPTED: July 18, 2006.
17 ATTEST: APPROVED:
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20 N aki S. Blocker, Assistant City Clerk Jim iley, Mayor
21 For Nancy Wood, City Clerk
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23 APPROVED AS TO LEGAL FORM:
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26 Thomas M. Carpenter, City Kttorney
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