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Council updates PTIF signatories, names Darren, Karen and Stacy
Summary
Fruit Heights City Council approved Resolution 2025-11 to authorize three individuals to act on the city's Public Treasurer's Investment Fund accounts and confirmed a two-person oversight practice for transfers. The motion was moved, seconded and approved by voice vote.
The Fruit Heights City Council voted on 2025-10-21 to update authorized users on its Public Treasurer's Investment Fund (PTIF) accounts, naming Darren, Karen and Stacy as authorized individuals.
City staff explained the resolution updates who may be listed as administrators and who may transfer funds; the change requires updating the state-level PTIF records. Council members discussed the need for a second reviewer to confirm transfers and for recording practices that show transfers and backups. "I would agree to authorize the individuals on the PTIF as Darren, Karen, and Stacy," a council member moved; another council member seconded the motion. The council approved the resolution by voice vote.
Staff said the city will submit the change to the state and maintain internal controls so that transfers are observed by a second employee or official. Council members emphasized that the change is intended to preserve separation of duties and provide auditability: staff noted the city retains a backup approver and that the administrator role does not, by itself, allow unilateral transfers without oversight.
The resolution was recorded as approved on the council's consent agenda. The council also approved the minutes from its Oct. 7, 2025 meeting later in the same session.
