Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Agenda lists depository designations, signature authority and investment permissions linked to Statute 123B.14
Summary
The Jan. 7 agenda recommends designating specific depositories for district funds under Statute 123B.14, sub.4, and proposes several authorizations for the superintendent and executive director of business including facsimile signatures, short-term investments, contract authority, and wire transfers.
The Lakeville Public School District’s organizational packet recommends official depositories for 2025 and several delegated authorities for the business office. The agenda cites Statute 123B.14, sub.4, and lists recommended depositories: Wells Fargo Bank & Brokerage Services LLC; Fidelity Investments; US Bank System; PMA Financial Network Inc; and the Minnesota School District Liquid Asset Fund.
The packet proposes authorizations for the executive director of business to use facsimile signatures for checks, for the superintendent or executive director of business to make short-term investments and to perform duties of the clerk and treasurer, for the superintendent and executive director of business to lease, purchase and contract for goods and services within general budget categories, and for the superintendent or executive director of business to utilize wire transfers of investments and payments. These are framed as recommended organizational actions referenced to state statute; the provided document does not include recorded votes or implementation details beyond the listed authorities.
