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Phenix City advances ACH processing changes and discusses raising emergency reserve policy
4138438 · June 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Council approved an ACH agreement to accommodate higher daily electronic payments and discussed prior amendments increasing the emergency reserve to $3 million; transcripts show the changes were recorded as adopted in January 2025.
Phenix City council members approved a resolution to sign ACH (Automated Clearing House) agreements for the general fund, utilities fund and payroll checking accounts with the bank named in the transcript, citing that current daily ACH transactions routinely exceed the existing file limits.
City staff told the…
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