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HomeMy WebLinkAboutCC-05-18-20-07 Authorizes Controller's Office to Deposit City Funds Twice Weekly Rather Than DailySPONSOR: Councilor Finkam This Resolution was prepared by Jon A. Oberlander, Carmel Assistant Corporation Counsel, on 5/12/2020 at 10:55 A.M. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. RESOLUTION NO. CC 05-18-20-07 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, AUTHORIZING DEPOSIT OF CITY FUNDS TWICE PER WEEK DURING THE COVID-19 PUBLIC HEALTH EMERGENCY Synopsis: Pursuant to Indiana State Board of Accounts Directive 2020-1, this resolution authorizes the Controller’s Office to deposit City funds twice per week, rather than daily. WHEREAS, Indiana Code §5-13-6-1 requires that the City deposit public funds daily; and WHEREAS, due to the COVID-19 health emergency, the Indiana State Board of Accounts (“SBOA”) issued Directive 2020-1, which states that the SBOA will not take audit exception if the governing body of a local unit approves the frequency for deposit of public funds to be twice per week; and WHEREAS, limiting the deposit of public funds to two days per week will significantly reduce the amount of time City staff is required to be at City Hall, thereby helping to reduce the potential spread of the COVID-19 virus. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, as follows: Section 1. The foregoing Recitals are incorporated herein by this reference. Section 2. Pursuant to SBOA Directive 2020-1, the Controller’s Office shall deposit public funds twice per week, on Tuesday and Thursday. On those days where public funds are not deposited, the Controller’s Office shall ensure that the funds are stored securely. Section 3. This Resolution shall become effective upon its passage and execution by the Common Council and the Mayor as required by law and shall remain in effect until the Governor of the State of Indiana declares that the COVID-19 public health emergency has ended. . [remainder of page intentionally left blank] Resolution CC 05-18-20-07 Page One of Two Pages SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day of ________, 2020, by a vote of _____ ayes and _____ nays. DocuSign Envelope ID: F4609863-DFB1-459D-B5C1-EE462E85B6D6 18th May 9 0 SPONSOR: Councilor Finkam This Resolution was prepared by Jon A. Oberlander, Carmel Assistant Corporation Counsel, on 5/12/2020 at 10:55 A.M. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. COMMON COUNCIL FOR THE CITY OF CARMEL ___________________________________ Laura D. Campbell, President Sue Finkam, Vice-President ___________________________________ ____________________________________ H. Bruce Kimball Kevin D. Rider ___________________________________ ____________________________________ Anthony Green Jeff Worrell ___________________________________ ___________________________________ Tim Hannon Miles Nelson ___________________________________ Adam Aasen ATTEST: __________________________________ Sue Wolfgang, Clerk Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of _________________________ 2020, at _______ __. M. ____________________________________ Sue Wolfgang, Clerk Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of ________________________ 2020, at _______ __. M. ____________________________________ James Brainard, Mayor ATTEST: ___________________________________ Sue Wolfgang, Clerk Ordinance CC 05-18-20-07 Page Two of Two Pages DocuSign Envelope ID: F4609863-DFB1-459D-B5C1-EE462E85B6D6