| DOCUMENT DESCRIPTION: |
A RESOLUTION introduced by City Manager Brent Trout, naming banks and savings institutions that are designated as depositories for all City of Topeka accounts and authorizing signatories and rescinding City of Topeka Resolution No. 8849.
(Approval is necessary due to changes in staff and working titles to complete daily duties.)
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| VOTING REQUIREMENTS: |
| Majority vote of the Governing Body (6). |
| POLICY ISSUE: |
Approval would name certain banks and saving institutions as designated depositories for all City of Topeka accounts and authorizing signatories. |
| STAFF RECOMMENDATION: |
Staff recommends the Governing Body move to approve the resolution. |
| BACKGROUND: |
Approval is necessary to allow staff members to complete daily duties.The following named banks and savings institutions are designated to be depositories which can accept deposits from any and all accounts of the City:
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Alliance Bank
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Heritage Bank
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Bank of America Merrill Lynch
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Intrust Bank
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Capital City Bank
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Kaw Valley Bank
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Capitol Federal Savings
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Landmark National Bank
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Central National Bank
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Lyndon State Bank
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Communityd Bank
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Silver Lake Bank
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CoreFirst Bank & Trust
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Sunflower Bank
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Denison State Bank
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UMB Bank
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Equity Bank
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US Bank
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Fidelity State Bank
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Vision Bank
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| BUDGETARY IMPACT: |
There is no budgetary impact to the City. |
| SOURCE OF FUNDING: |
Not Applicable |