2022-41
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: May 9, 2022 RESOLUTION NO: 2022-41
MOTION BY: McDonald SECONDED BY: Campion
A RESOLUTION DESIGNATING AUTHORITY FOR INVESTMENT AND BANKING
TRANSACTIONS AND AUTHORIZED SIGNERS ON ACCOUNTS
WHEREAS, it is in the best interest of the City of Chanhassen to limit authorizations to staff in
appropriate positions to provide the appropriate level of internal controls while balancing adequate coverage
for absences to complete time sensitive transactions. The City of Chanhassen will have the need to delegate
authority to certain staff to conduct investment and banking transactions on behalf of the City.
NOW, THEREFORE, BE IT RESOLVED that the Chanhassen City Council hereby authorizes
the following positions as authorized account signers to conduct investment and banking transactions:
Position Currently Held By
Mayor Elise Ryan
City Manager Laurie Hokkanen
Finance Director Kelly Strey
Assistant Finance Director Danielle Washburn
Changes to bank accounts including opening and closing accounts require signatures from two (2) of any of
the above.
Two (2) signatures are required on checks. Facsimile signatures are allowed for computer generated checks.
All accounts payable checks are computer system generated and there are no manual handwritten checks.
Some accounts payable payments and all payroll payments are made via ACH. Check printing and ACH
processing is user I.D. and password controlled. Authorization is controlled by the Finance Director and
Assistant Finance Director. Multiple internal controls are in place regarding issuance of checks. The check
register for all checks prepared is reviewed and approved by the Assistant Finance Director and the Finance
Director and/or City Manager and is submitted for approval at each City Council meeting.
Investment transactions are limited as detailed in the City’s investment policy.
PASSED AND ADOPTED by the Chanhassen City Council this 9th day of May, 2022.
ATTEST:
Kim Meuwissen, City Clerk Elise Ryan, Mayor
YES NO ABSENT
Ryan
McDonald
Campion
Rehm
Schubert
DocuSign Envelope ID: B553157F-0C1C-4026-9B17-ED544DDBA53F