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Taylor board approves bank depositories, retains auditors and legal firms and designates signatories
Summary
The Taylor School District Board of Education voted to designate a set of bank depositories (one trustee recused), retained Taylor and Morgan as auditors, approved a slate of legal firms for district business and authorized personnel to sign financial documents and contracts.
The Taylor School District Board of Education approved a set of routine administrative resolutions, including designation of bank depositories, retention of auditors and legal counsel, and the formal delegation of signature authority for financial transactions.
On a resolution read into the record, the board designated multiple institutions as official depositories for the district, naming broker‑dealer safekeeping institutions and banks currently and previously used by the district, including PNC Financial Services, Huntington, Baker Tilly Investment Services (pooled accounts), UMB Bank, Bank of America, Comerica and Flagstar. During the roll-call vote on that resolution, Trustee Cory Morris recused himself because a family member works for PNC Bank; the motion carried with six yes votes, zero no votes and one recusal.
The board also voted to retain Taylor and Morgan, CPA, as the district's auditors; staff said the firm has served the district for more than 11 years. Trustees approved that appointment unanimously, 7–0.
For legal services, administration proposed retaining the district’s existing primary law firm for general matters and adding specialized firms for bond work and labor relations. The board approved retaining the listed firms, including bond counsel and labor‑relations counsel, by unanimous vote.
Finally, trustees designated authorized personnel under district policy: the treasurer and board president as check signers; the superintendent and CFO (or designees) to sign contracts and agreements; and the CFO or finance director (or designee) to approve purchase orders and act as the electronic authorized officer in accordance with district policy. That motion carried 7–0.
Board discussion included a trustee’s question about how attorney‑client letters and legal opinions are communicated to the full board; administration said such items are typically discussed in closed session and that updates are distributed through Friday updates and other communications.
The meeting then moved to audience participation and other announcements.
