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Council updates bank signatories and financial delegations to CFO and assistant city manager
Summary
Missouri City Council unanimously approved resolutions updating authorized signatories for Wells Fargo accounts, designating the chief financial officer for eGrants authority, and adjusting investment committee membership and account signatory roles.
The council unanimously approved several administrative resolutions that update who is authorized to open and maintain city accounts and to submit financial reports.
Rhonda Smith, the city’s chief financial officer, explained that resolutions would identify officials authorized to open and maintain Wells Fargo accounts for the general fund and the Insurance Trust Fund, replace an assistant‑director role with a deputy director in account authorities, and designate the CFO with authority in eGrants to make financial decisions and submit reports. Staff also amended resolution R2613 to clarify the CFO’s authority and updated investment committee membership to include the assistant city manager and deputy director of financial services.
Council moved and voted to approve the resolutions at the meeting; motions carried unanimously with no recorded dissent.
