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Comstock Board approves banking, signature and auditing authorizations; Plante Moran named auditor
Summary
The board approved financial authorizations including designated depositories (Fifth Third Bank, MILAF, UMB Bank), authorized the Superintendent and Director of Finance as account signatories, and named Plante Moran as the district auditor; the finances package (items 8A–8M) passed 6–0.
The board approved a suite of financial authorizations at the organizational meeting on Jan. 12. Designated depositories include Fifth Third Bank for multiple district accounts, the Michigan Liquid Asset Fund (MILAF) for the general fund, and UMB Bank for capital projects funds. The board authorized the Superintendent and the Director of Finance as signatories on bank accounts and for electronic transfers, and authorized those roles to sign purchase orders and contracts as appropriate.
Trustees also approved the designation of Plante Moran as the district’s auditing firm and provided annual approval for board member reimbursements. The full finances package (items 8A–8M) was approved 6–0 on a motion recorded as Poulson/Lamphear. No dollar amounts or contract terms were recorded in the minutes.
