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Faribault board adopts routine business-office resolutions; director recuses on depository designation
Summary
The board approved a package of business resolutions for 2026, including designating depositories, authorizing facsimile signatures, interim payments, petty cash, and investment authority; Director Chad Wolf recused himself from the depository designation because Reliance Bank is a participant.
At its Jan. 5 organizational meeting, the Faribault Public School District board approved its annual business-office resolutions for fiscal year 2026.
Resolution 26‑08 (designation of depositories) was considered first; Director Chad Wolf announced he would recuse himself because Reliance Bank is a participant in the resolution. Board members discussed confidence in the district’s designated depositories and praised the finance staff’s work. The board approved that resolution by roll call with the recusal noted.
The board also approved resolution 26‑09, designating the Faribault Daily News as the district’s official publication. Director Linda Moore raised transparency concerns, noting some taxpayers do not subscribe to the local paper; the superintendent and staff explained that official notices and minutes are posted on the district website, meetings are streamed on YouTube, and parents receive communications through Infinite Campus. After discussion the board approved the publication designation by roll call.
Resolutions 26‑10 through 26‑14 were then taken together and approved: authorization of facsimile signatures (26‑10), authorization for payment of claims between meetings when needed (26‑11), petty-cash procedures (26‑12), authority to purchase/sell/transfer investments (26‑13), and appointment of responsible contract authority (26‑14). Each resolution was presented, discussed briefly as needed, and approved by roll call.
