HomeMy WebLinkAbout06. 18-437 AUGUST 28, 2018 18-437 RESOLUTION
(CARRIED 5-0 LOST LAID OVER WITHDRAWN )
PURPOSE: UPDATE DESIGNATION OF AUTHORIZED INDIVIDUALS FOR
CITY INVESTMENT TRANSFERS (ADDING NEW ASSISTANT
FINANCE DIRECTOR)
INITATED BY: CITY ADMINISTRATION
WHEREAS, it is necessary from time to time for the City of Oshkosh to make fund
or other investment transfers or sales; and
WHEREAS, the City Finance Director / Treasurer and is responsible for all fiscal
transactions of the City of Oshkosh and in her absence the Assistant Finance Director is
responsible for the duties and responsibilities of the Finance Director; and
WHEREAS, it is necessary to establish clear authority for investment transactions
so that transactions may be completed in a timely and efficient manner.
NOW, THEREFORE, BE IT RESOLVED by the Common Council for the City of
Oshkosh that the following individuals are hereby designated as the representatives for
the City of Oshkosh to act on the City's behalf for all investment transactions pertaining
to City of Oshkosh Investment accounts:
Trena Larson, Treasurer/Finance Director
Jennifer Messerschmidt, Assistant Treasurer/Finance Director
BE IT FURTHER RESOLVED that this Resolution repeals and replaces all prior
designations and authorizations for the City of Oshkosh in relation to the City's
investment accounts.
TO: Honorable Mayor and Members of the Common Council
FROM: Trena Larson, Finance Director
DATE: August 23, 2018
RE: Update designation of authorized individuals for City Investment Transfers (Adding New
Assistant Finance Director)
BACKGROUN D
In March 2017 the City passed resolution 18-437 to establish the designated representatives for all fiscal
transactions for the City of Oshkosh. On 08/27/2018 the City hired an Assistant Finance Director
necessitating this update.
ANALYSIS
Staff requests the Common Council designate the Finance Director and Assistant Finance Director to act
of the City's behalf for all investment transaction pertaining to City of Oshkosh Investment Accounts. It
is necessary to establish clear authority for investment transactions, so that transactions may be
completed in a timely and efficient manner.
FISCAL IMPACT
This is a budget neutral resolution.
RECOMMENDATION
Staff Recommends adoptions of Resolution.
Respectfully Submitted,
X,ena larson
Trena Larson
Finance Director
Approved:
Mark A. Rohloff
City Manager
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us