Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Organizational Resolutions topic
No spam. Unsubscribe anytime.
Town of Maine adopts organizational resolutions covering banks, procurement and appointments
Summary
At its organizational meeting the board designated multiple banks as depositories, authorized check signers, adopted investment and procurement policies, and deferred some committee appointments until February pending a workshop for new board members.
The Town of Maine board adopted its annual organizational resolutions covering the designation of bank depositories, authorization of check signers, investment of idle funds, cash-management policies, procurement procedures, audit reporting timelines and select administrative authorities.
The resolutions named NBT Bank NA, M&T Bank, JP Morgan Chase, HSBC Bank USA, Citizens Bank and Tioga Bank as depositories for general, highway and special district funds, authorized the town supervisor and a councilmember to sign checks and withdrawal requests, and delegated authority for investing idle funds to the town supervisor under the town’s adopted cash-management and investment procedures. The board also reviewed procurement rules, an audit-controller reporting schedule (supervisor to submit reports within 60 days after fiscal-year close), and a limited payment-in-advance policy for certain utility and postage claims.
The board designated the Press and Sun-Bulletin as the official town newspaper. Some routine committee appointments were deferred until February while the board plans a workshop for new members; the board agreed to hold an attorney-client workshop with town counsel on Feb. 10 and cancel the Feb. 4 regular meeting.
Most items discussed were routine organizational policies; the transcript records motions and roll calls for approvals but does not list a consolidated vote tally for each resolution in the provided excerpt.
