Page 78 - CityofBurlesonFY25AdoptedBudget
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of Finance, or their designee(s), are hereby authorized to execute the required
Agreement with the Bank Depository. Designee(s) who are authorized to transact
business on behalf of the City Manager are the City of Burleson’s Deputy City
Manager or the City Secretary. The designee who is authorized to transact
business on behalf of the Director of Finance is the City of Burleson’s Assistant
Director of Finance and Controller.
I. AUTHORIZATION OF WIRE TRANSFERS BY THE CITY.
1. In general, attachments A through D to this Policy are as follows:
a. Attachment “A” List of authorized individuals who may approve wire
transfers.
b. Attachment “B” Designation of Custodial/Safekeeping Agent.
c. Attachment “C” List of authorized Investment Pools.
d. Attachment “D” List of authorized Paying Agents.
Changes to attachments for revisions, additions, or deletions to any of the
designations on Attachment “A”, “B”, “C” and “D” shall require the approval of
two individuals listed on Group B as listed on Attachment “A”. Copies of
additions, deletions, and changes will be provided to the Finance Committee at
their next regular scheduled meeting.
2. SECURITY PURCHASES.
a. Two employees designated on Group A of Attachment “A” must
approve wire transfers associated with security purchases.
b. All security purchases shall be executed “delivery vs. payment.”
c. Any change in the City’s custodial relationship must be approved by
two individuals designated in Group B of Attachment “A”.
3. INVESTMENT POOLS
a. Two employees designated on Group A of Attachment “A” must
approve wire transfers to designated investment pools.
b. Any revision, addition or deletions to the list of designated investment
pools shall require the approval of two individuals designated in Group
B of Attachment “A”. Copies of additions, deletions, and changes will
be provided to the Finance Committee at their next regularly
scheduled meeting.
4. PAYING AGENTS
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