AGENDA TITLE:
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Adopt a Resolution Updating City Staff Signers on City of Lodi Farmers & Merchants Bank Accounts (IS - BUD)
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MEETING DATE:
February 18, 2026
PREPARED BY:
Jennelle Baker, Budget Manager
recommendation
RECOMMENDED ACTION:
Adopt a Resolution Updating City Staff Signers on City of Lodi Farmers & Merchants Bank Accounts.
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BACKGROUND INFORMATION:
Authorized signers on the City's bank accounts held at Farmers & Merchants Bank ("F&M") have been previously designated to the City Manager, the Assistant City Manager, and the Budget Manager. The Interim City Manager's assignment will end soon due to CalPERS service retirees' limit of working a maximum of 960 hours per fiscal year. To maintain compliance with banking signature authority, it is recommended to assign the treasury functions and signature authority to the Interim Administrative Services Director, Christina Jaromay. The authority will come back to council once a permanent City Manager and/or Administrative Services Director is identified.
To update the City's bank records, F&M requires City Council authorization. Staff is now requesting Council approval for the following designated signers:
Christina Jaromay, Interim Administrative Services Director
Jennelle Baker-Bechthold, Budget Manager
If approved, these individuals will serve as signers on City of Lodi bank accounts with F&M. The Corporate Authorization Resolution provided by F&M (Attachment 1) states in part that "the signature of an Agent on this resolution is conclusive evidence of their authority to act on behalf of the Corporation". The signatures of Director Jaromay and Manager Baker-Bechthold on Attachment 1 are required in order to conduct City banking business.
Government Code 36936 provides that "[r]esolutions, orders for the payment of money, and all ordinances require a recorded majority vote of the total membership of the city council."
FISCAL IMPACT:
Not applicable.
FUNDING AVAILABLE:
Not app...
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