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<br />STAFF REPORT <br />DATE: January 2, 2024 <br /> CONSENT <br /> <br /> <br />TO: Mayor and City Council FROM: Clarissa Hadler, Finance Director AGENDA ITEM: Designate the Authority to Make Electronic Funds Transfers <br /> BACKGROUND: Pursuant to State Statute 471.38, subd. 3 et seq, the City Council is respectfully being asked to delegate <br />the authority to make electronic funds transfers for 2024. Based upon past practice as well as current practice, it is recommended that the following individuals be designated to make electronic funds transfers for the City of Lake Elmo for 2024: <br />• Clark Schroeder, Interim City Administrator <br />• City Administrator, when hired. <br />• Clarissa Hadler, Finance Director <br />• Julie Johnson, City Clerk QUESTION BEFORE THE CITY COUNCIL: 1) Should the City Council adopt the resolution as attached? FISCAL IMPACT: Designation of the authority to make electronic funds transfers helps to ensure compliance with MN State Statute. <br />OPTIONS: 1) Approve the attached resolution delegating the authority to make electronic funds transfers as listed. 2) Amend and then approve the attached resolution delegating the authority to make electronic funds transfers as listed. RECOMMENDATION: 1) Adopt Resolution No. 2024-004; Designate the Authority to Make Electronic Funds Transfers. ATTACHMENTS: 1) Resolution No. 2024-004; Designate the Authority to Make Electronic Funds Transfers.