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EDC appoints Patricia McMullen as treasurer and investment officer
Summary
After discussing bylaw requirements and training under the Public Funds Investment Act, the EDC voted to appoint Patricia McMullen as the treasurer/investment officer; the board noted the appointee must complete mandatory certification.
The EDC moved to appoint Patricia McMullen as treasurer and investment officer and carried the motion at the meeting.
Board members discussed bylaws that require the treasurer to be a board member and reviewed required public-investment training: an initial 12 hours the first year and 8 hours every two years thereafter, with a one-day class available online or in person. One board member moved to appoint Patricia McMullen; another seconded. "I make a motion that we appoint, Patricia McMullen treasurer slash investment officer," the member said. The chair called the question and the motion passed. Members noted the appointee will need to complete the certification class and that staff will facilitate training opportunities.
The appointment is an internal EDC officer designation under the corporation's bylaws; the board directed staff to ensure the new treasurer receives the required training and documentation.
