PRESENTER: Presenter
Carren Ridge, Accounting & Treasury Manager
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SUBJECT: Title
Approval of a resolution designating the investment officers for the City of New Braunfels.
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DEPARTMENT: Finance
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COUNCIL DISTRICTS IMPACTED: N/A
BACKGROUND INFORMATION:
The Public Funds Investment Act and the City of New Braunfels Investment Policy require that the City designate investment officers by resolution. Since recent changes in staff have occurred, this action is necessary to keep the City in compliance. The resolution designates the following individuals to serve as investment officers for the City:
Sandy Paulos, Director of Finance
Becky Wiatrek, Assistant Director of Finance
Carren Ridge, Accounting & Treasury Manager
These individuals will be authorized to deposit, withdraw, transfer, open accounts and manage the funds of the City while exercising the judgment and care that a prudent person would exercise in the management of the person's own affairs and to perform all the requirements of the Public Funds Investment Act.
ISSUE:
Strategic Priorities: Maintain fiscal stability of City Operations
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☒Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
N/A
Recommendation
STAFF ANALYSIS:
Staff recommends approval of the resolution designating the investment officers for the City of New Braunfels.