HomeMy WebLinkAbout4.04 Bank Night Deposit Services FF
l '
CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: May 23, 1988
SUBJECT : Bank night deposit services
EXHIBITS : Resolution Authorizing the Use of Hibernia
Bank 's night deposit services .
RECOMMENDATION T : Council authorize the use of Hibernia Bank 's
night deposit services by approving the attached resolution
FINANCIAL STATEMENT: There is no additional costs associated with
these servrces .
DESCRIPTION The City Council will approve the swimming
pool use policy this evening. When the pool opens to the public
there will be fees charged and money collected from patrons of
the pool . This money could be collected any time the pool is open
Monday through Sunday. Since the pool will be open after the
City's main offices are closed, and to preclude the need for a
pool staff person from bringing money to the Finance Department
during operating hours of the pool, staff has arranged for the
money collected at the pool to be reconciled by the pool staff,
after which they will prepare a deposit slip and place it in a
night deposit bank bag, which will be deposited in the banks
night deposit box every evening after pool is closed .
The banking staff will recount the deposit each morning under -
dual custody. They will prepare a duplicate deposit slip and
forward same to the finance staff . That deposit slip will be
verified against the reconciliation from the pool staff and
posted into the computer .
The Bank requires that the City Council approve the attached
resolution in order for them to affer the services of the night
deposit. The use of this system is not new to the staff and the
necessary precautions have been taken.
RECOMMENDATION: Staff recommends that the Council authorize the
use of the night deposit services of the Bank for the City's
swimming pool and other activities as necessary.
Jfg �, 4
RESOLUTION NO. - 88
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********n'*n'**is***::n'::n'n'**n'
AUTHORIZING THE USE OF
NIGHT DEPOSIT SERVICES
FROM THE BANK
WHEREAS, the City of Dublin may require the use of night
deposit services from the City' s Bank; and
WHEREAS, the City Manager and the City Finance Director
are appointed to oversee the financial operations of the City.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Dublin does hereby authorize the City Manager and the
City Finance Director to sign the Bank' s night deposit agreement
for night deposit services .
PASSED, APPROVED AND ADOPTED this 23rd day of May, 1988.
AYES:
NOES :
ABSENT:
Mayor
ATTEST:
City Clerk