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Commission updates authorized users for Kansas Municipal Investment Pool account
Summary
The commission approved a point-of-contact update for the Kansas Municipal Investment Pool to reflect staff turnover; the city retains about $100,000 in the pool while largely using local bids for short-term investments.
Staff presented Resolution B‑24‑27 to update authorized users for the Kansas Municipal Investment Pool after the retirement of a staff member. The presentation said the city keeps roughly $100,000 in the pool to maintain the account; otherwise staff typically bids short-term deposits to local financial institutions.
The change formally adds the director and deputy finance director as authorized users and updates the depositor contact to the senior accountant. Commissioners had no substantive questions and the commission approved the point‑of‑contact update.
