Agenda Item Title
Title
Finance Department recommending the City Council adopt Resolution #18-31C certifying that certain individuals are authorized to manage Public Treasurers' Investment Fund (PTIF) accounts on behalf of Sandy City
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Presenter
Presenter
Helen Kurtz
Description/Background: In the coming months, the Utah Office of the State Treasurer will be rolling out a new online PTIF account management platform. They now require PTIF pool participants to adopt a resolution (no later than June 30, 2018) authorizing at least two individuals from each organization to make changes to PTIF accounts, such as:
• Add or delete users to access and/or transact with PTIF accounts;
• Add, delete, or make changes to bank accounts tied to PTIF accounts;
• Open or close PTIF accounts; and
• Complete any necessary forms in connection with such changes.
Recommended Action and/or Suggested Motion:
Recommendation
Motion to adopt Resolution #18-31C
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