HomeMy WebLinkAboutRDA CKS & WARRANTS 10-20-82OATE:
TO:
FROM:
SUBJECT:
October 13, 1982
REDEVELOPMENT AGENCY
No. 7
10-20-82
Inter-Corn
Bill Huston, City Mana~e~L
Ron Nault, Finance Dire~__
Tustin Community Redevelopment Agency Checks and Warrants
RECOMMENDATION
Adopt Resolution No. RDA 82-9, which requires action by the Agency's Board of
Directors and the signature of any two (2) of the following: Executive Director,
Treasurer, Secretary/Clerk, or Finance Coordinator.
DISCUSSION
Section 1611, paragraph e, of Ordinance No. 871, adopted May 1982, states that no
checks or warrants will be drawn upon the City Treasury without action of the City
Council. It goes on to state that all checks and warrants will require any two
signatures of the City Manager, City Clerk, City Treasurer, or Finance Coordinator.
Because the Tustin Community Redevelopment Agency is considered a separate entity
in the sense that its funds are not co-mingled with City funds, it was felt that
formal guidelines for the issuance of checks and warrants should be adopted. The
attached Resolution places the same requirements on Agency funds as are currently
required on City funds. There are no active City or Agency accounts that do not
already comply with these requirements.
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RESOLUTION NO. RDA 82-9
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
PRESCRIBING CHECK AND WARRANT PROCEDURES.
The Board of Directors of the Tustin Community Redevelopment
Agency hereby resolves as follows:
1. NO check, order or warrant upon the Tustin Community
Redevelopment Agency shall be drawn unless in pursuance of an
ordinance, resolution or minute order duly adopted by the Board
of Directors of the Tustin Community Redevelopment Agency and
unless there are sufficient funds in the fund upon which it is
drawn.
2. All checks, orders and warrants upon the Tustin Community
Redevelopment Agency for payment of any money shall bear the
signature of any two (2) of the following: Executive Director,
Treasurer, Secretary/Clerk, Finance Coordinator.
PASSED AND ADOPTED at a regular meeting of the Board of
Directors of the Tustin Community Redevelopment Agency held on
the day of , 1982.
Richard Edgar, Chairman
ATTEST:
Mary E. Wynn
Secretary/Clerk
JGR:cas:D:10/5/82:R/o-3