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ISD 622 authorizes fiscal depositories, signatories and a $3,630 imprest fund
Summary
The board designated official depositories, authorized signatories including the treasurer and Director of Finance, and authorized an imprest fund of $3,630 to be custodied by the superintendent or designee for limited district claims.
The organizational resolutions designate Premier Bank and Associated Bank as the official depositories of district funds, subject to collateral security and compliance with Minnesota statute. Officers of the board, the superintendent and the Director of Finance (and designees) were authorized to sign checks and other documents; the depository was authorized to accept facsimile signatures for checks drawn on district funds, consistent with statute.
The board also authorized an imprest fund in the amount of $3,630 and appointed the superintendent or designee as custodian; the resolution restricts the use of that fund to payment of proper claims against the district, excluding salaries and personal expenses, as permitted by Minnesota statute. The motion to adopt these items was part of the package carried by a 6–0 vote.
The resolution lists multiple law firms to serve as legal counsel for the district and authorizes the Director of Finance to accept and release collateral security as required by law.
