HDC - Item 2C - Bank Signature CardsE M P
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ROSEMEAD HOUSING
DEVELOPMENT CORPORATION
STAFF REPORT
TO: HONORABLE PRESIDENT AND DIRECTORS II
FROM: ANDREW C. LAZZARETTO, EXECUTIVE DIRECTOR VE>PbAt~g3~naeTh
DATE: APRIL 24, 2007 II
SUBJECT: BANK SIGNATURE CARDS
SUMMARY
The City of Rosemead requires several different bank accounts to efficiently operate its
financial matters. Authorized signers on the City's bank accounts include all
Councilmembers; City Clerk; City Manager; Assistant City Manager and Chief Financial
Officer. Banks require new signature cards to be completed upon any changes in the
list of authorized signers.
Staff Recommendation
Staff recommends that the City Council authorize Chief Financial Officer, Lisa Pedote
be named as signers on the various City of Rosemead Bank Accounts, replacing the
name of the former Chief Financial Officer.
ANALYSIS
With the replacement of the former Chief Financial Officer it is necessary to remove
their name as authorized signer and replace their name with the new Chief Financial
Officer.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
Lisa Pedote
Chief Financial Officer
APPROVED FOR HOUSING DEVELOPMENT CORPORATION AGENDA: