CDC - Item 2B - Bank Signature CardsE M E.
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ROSEMEAD COMMUNITY'
DEVELOPMENT COMMISSION
STAFF REPORT
TO: HONORABLE CHAIRMAN AND COMMISSIONERS
FROM: OLIVER CHI, EXECUTIVE DIRECTOR / O
DATE: OCTOBER 9, 2007
SUBJECT: BANK SIGNATURE CARDS
SUMMARY
The Rosemead Community Development Commission requires several different bank
accounts to efficiently operate its financial matters. Authorized signers on the
Commission's bank accounts include all Commission Members, Commission Secretary,
Executive Director and Assistant City Manager. Banks require new signature cards to
be completed upon any changes in the list of authorized signers.
STAFF RECOMMENDATION
Staff recommends that the Rosemead Community Development Commission Members
authorize the Executive Director, Assistant City Managers and City Clerk as signers on
the various Rosemead Community Development Commission bank accounts.
ANALYSIS
With the changes in staff that have been completed recently, it is necessary to remove
the names of the former employees authorized as signers and replace them with the
names of the new employees.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
APPROVED FOR OMMUNITY DEVELOPMENT COMMISSION AGENDA: 4