TOWN STAFF REPORT RECOMMENDATIONS
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Consider Resolution 24-31 amending the authorized trustees for the insurance trust account with First Financial Bank (Cayce Lay Lamas, Finance Director)
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STAFF: Cayce Lay Lamas, Finance Director
BACKGROUND:
Due to the change in the governing body with the election on May 4, 2024, it is necessary to amend the authorized trustees on the legally-required insurance trust account held with the Town and Academy’s depository, First Financial Bank.
This action will designate Kim Greaves (Mayor), Wade Carroll (Town Manager), and Cayce Lay Lamas (Director of Finance) as authorized signers and trustees.
FISCAL IMPACT:
There is no fiscal impact to this resolution.
STAFF RECOMMENDATION:
Staff recommend approval.
ATTACHMENT(S):
Resolution 24-31
TOWN COUNCIL ACTION/OPTIONS:
1) Motion to approve
2) Motion to amend with the following stipulations (please state stipulations in motion)
3) Motion to table
4) Motion to deny