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Board adopts Davenport & Company financial policies and authorizes deputy treasurer signatory
Summary
Davenport & Company LLC presented financial policies the Board adopted unanimously; the Board also authorized the Treasurer's chief deputy to sign checks in the Treasurer's absence under Va. Code §58.1-3162.
Davenport & Company LLC representative Austin Sacks presented a set of financial policies to the Board; Steve Marshall moved to adopt the policies, Richard Cox seconded, and the motion passed unanimously. The Board's adoption formalizes the county's internal financial policy recommendations from Davenport & Company.
In related action, Treasurer Sandra K. Stone asked the Board to authorize her chief deputy to sign checks in her absence pursuant to Virginia Code §58.1-3162. Jonathan Wood moved to approve the authorization, Clayton Kendrick seconded, and the Board approved the request unanimously. The action is intended to ensure continuity of treasurer functions when the Treasurer is unavailable.
