HomeMy WebLinkAboutO-3062 - Related to Authorized Signatories on Bank ChecksCITY OF MARYSVILLE
Marysville, Washington
ORDINANCE NO. P D b 2
AN ORDINANCE UPDATING THE AUTHORIZED SIGNATORIES ON
BANK CHECKS DRAWN AGAINST THE PAYROLL FUND AND THE
CLAIMS FUND AND AMENDING SECTIONS 3.49.010 AND 3.50.010 OF
THE MARYSVILLE MUNICIPAL CODE.
Whereas, on May 8, 201 7, the City Council approved a Professional Service Agreement
with Key Bank to provide banking services for the City of Marysville; and
Whereas, the City's current and anticipated future practice is to pay all claims by bank
check and not warrants; and
Whereas, the City desires to change the required signature for drawing checks from the
Mayor and Clerk to the Mayor and Finance Director; and
Whereas, the switch to banking with Key Bank provides a convenient opportunity to
clarify these changes;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MARYSVILLE,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. Amendment of MMC 3.49.010.
Section 3.49.010 of the Marysville Municipal Code, entitled "Payroll fund established,'' is
hereby amended to read as follows:
There is created and established a fund to be designated as "payroll fund." Money
shall be placed in the fund from time to time through transfers from other city
funds containing payroll appropriations in the annual budget and amendments
thereto. Expenditures from the fund shall be made by the issuance of bank checks.
Bank checks shall be drawn on the bank which is designated as the official city
depository. Two signatures shall be required on all bank checks drawn against the
payroll fund in accordance with RCW 35A.12.170, one being the mayor and one
being the finance director.
Section 2. Amendment of MMC 3.50.010.
Section 3.50.010 of the Marysville Municipal Code, entitled "Claims fund established," is hereby
amended to read as follows:
There is created and established a fund to be designated as "claims fund." Money
shall be placed in the fund from time to time through transfers from other city
funds containing appropriations in the annual budget and amendments thereto to
meet expenditures relating to approved claims. Expenditures from the fund shall
be made by the issuance of bank checks. Bank checks shall be drawn on the bank
which is designated as the official city depository. Two signatures shall be
required on all bank checks drawn against the claims fund in accordance with
RCW 35A.12. l 70, one being the mayor and one being the finance director.
Section 3. Effective Date.
This ordinance shall become effective five days after the date of its publication by summary.
PASSED by the City Council and APPROVED by the Mayor this O(~
L l{t-, 2011.
day of
CITY OF MARYSVILLE
By JO~R~
Attest:
By tf#L' A:RiL O'BRIEN, DEPUTY CITY CLERK
Approved as to from:
Date of publication: 7/J.-q/rJ j /
Effective Date (5 days after publication): ~YtJ