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RESOLUTION 90-20069 RESOLUTION NO. 90-20069 A RESOLUTION AUTHORIZING CREATION AND MAINTENANCE OF AN IMPREST CHECKING ACCOUNT FOR THE RECREATION DIVISION WITH NCNB (NORTH CAROLINA NATIONAL BANK) OF MIAMI BEACH; REPEALING RESOLUTION NO. 87-18775 . BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, THAT EFFECTIVE SEPTEMBER 5, 1990 : SECTION I. 1. An imprest checking account in the amount of $15, 000 . 00 (fifteen thousand dollars) be established at NCNB (NORTH CAROLINA NATIONAL BANK) OF MIAMI BEACH. 2 . That the three (3) following employees be authorized to sign professional services checks and that two (2) signatures be required on each check: A. William Irvine B. Alan Ricke 401 C. Randy Wilkinson 3 . That the maximum amount to be paid by such checks be $750. 00 (seven hundred fifty ' dollars) . 4 . That a full accounting be rendered by the Recreation Division each time reimbursement of the checking account is requested. 5. That checks be prepared in two (2) record- keeping and auditing copies. SECTION II . That Resolution No. 87-18775 be and the same is hereby repealed. PASSED and ADOPTED this 5th day of September , 1990 . 4100"1"11" ///' //617;" yor Attest: /, .or City C erk FORM APPROVED By LEGAL DEPT. Date BY6;Z2.4;i124gt.-0.„ Date `' _ Y is .%,.�+. Vii. ..v• :.'`''...:•,y w..r:._t-wwa'.:•'•1 .. `..+jr.4:f•►i;rJ1...._.♦ ....—.:5:. ..'4. . . •.6....i:lrc..._.-..._., ...f••w.....i..i a."sl'.i.:.+..{.1-.•.......n.-:.-=t::...:.:a' ..i... .-',Y-.v S..`Jl�...� .,:s:e1.-m"_ .....-.•h'.�.�..�'...�.r..:}t.. .,....is sem•:fir.•..rte_.-t • • • • et:0 Ne4mie eeete4 4-4177:21%., FLORIDA 3 3 1 3 9 :, t* IN *; "VA CA TIO NL A NI) U. S. A. - -4)1 °` 26'4' OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE: 673-7010 COMMISSION MEMORANDUM NO. -q0 DATE: September 5 , 1990 TO: Mayor Alex Daoud . • Members of th: 'Ity Commis- o • 4pri OM: Rob W. Par ins V FR • City 9 Mana er AAWPF / L SUBJECT: RECREATION DI ISION INTEREST CHECKING ACCOUNT - INCREASE IN CHECKING ACCOUNT AND LIMIT OF EACH CHECK The Recreation Division has requested the limits of their imprest checking account be increased to eliminate the issuance of multiple checks to entertainers, performers and contractural instructors. This resolution repeals Resolution No. 87-18775. The present regulations of the Recreation Division Imprest Account were last updated over 3 1/2 years ago. The single cost for bands and entertainers for the dances, vaudeville shows, and performers and contracted personnel for special events have risen above the minimum allowable per check amount of $500. 00. In order to maintain service, and process payment for these at time rendered, an increase to $750. 00 per check is required. Additionally, to prevent bank overdrafts, an increase in the bank account to $15, 000. 00 is necessitated. Presently the limitations are: Bank account - 10, 000. 00 Per check - 500. 00 - f Requested limit is: Bank account - 15, 000. 00 Per check - 750. 00 ADMINISTRATION RECOMMENDATION The Administration recommends approval of resolution increasing the limits of the Recreation Division Imprest Account. 16 AGENDA1-14 Ps) ITEM DATE qi q D ORIGINAL RESOLUTION NO. 90-20069 Authorizing creation and maintenance of an imprest checking account for the Recreation Division with NCNB (North Carolina National Bank) of Miami Beach; repealing Resolution No. 87-18775.