To: Michael Green
From: Stephanie Patterson
Date: April 14, 2016
Subject: Briefing for Board Resolution #16-02
The District maintains a system of bank accounts as defined in Board Policy No. 6020 with Columbia Bank that include depository accounts and petty cash accounts associated with the ASB Fund and General Fund income and expenses. The three accounts that I am requesting authorization to update signers on are identified as:
Stacy Brown, who is independent of invoice processing, check signing, general accounting and cash receipt functions, is the custodian for the three accounts and is responsible for reconciling the bank statements and auditing all checks written from these accounts for accuracy. She also prepares and processes the ACH transfer to the County Treasurer weekly.
Due to staff changes it has become necessary to update the account signers. It is my recommendation that the Board approves Resolution # 16-02 authorizing Michael Green, Asha Riley and Stephanie Patterson as signers on behalf of Woodland School District on account number 7000133798 (District Depository Account), 7000133749 (Food Service Depository Account) and 7000133814 (District Revolving Fund Account).
Ref: WAC 392.138.120, RCW 28A.320.330, Board Policy #6020
Administrative Recommendation/MOTION/ "I move we adopt resolution 16-02"