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Board asked to name superintendent and HR director as signatories for ACH, transfers and wire authority
Summary
The agenda requests designation of the CPS Superintendent (primary) and Human Resources Director (secondary) as signatories for investment transfers and ACH/payroll transactions, and as alternates for telephone/wire transfers for FY 2025–2026.
The July 14 agenda states that the board is asked to "authorize CPS Superintendent (primary), Human Resources Director (secondary) as signatories on Transfers of Investment Monies and (ACH) Automated Clearing House (Payroll) transactions for Fiscal Year 2025-2026." The item also requests designating the superintendent and Human Resources Director as alternates to transact telephone or wire transfers tied to investment payments.
The designations would allow the superintendent and HR director to authorize certain electronic transfers and payroll ACH activity for FY 2025–2026. The agenda text does not include contract details, dual-signature rules, or a recorded vote.
