Internet Banking Fiscal OfcrsCITY OF DUBUQUE, IOWA
MEMORANDUM
February 28, 2001
TO:
FROM:
SUBJECT:
The Honorable Mayor and City Council Members
Michael C. Van Milligen, City Manager
Intemet Banking
Finance Director Kenneth J. TeKippe is recommending City Council approval of a resolution
authorizing the use of Intemet Banking on behalf of the City.
I concur with the recommendation and respectfully request Mayor and City Council approval.
Michael C Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, Corporation Counsel
Kenneth J. TeKippe, Finance Director
CITY OF DUBUQUE, IOWA
MEMORANDUM
TO:
FROM:
SUBJECT:
DATE:
Michael Van Milligen, City Manager
Kenneth J. TeKippe, Finance Director
Internet Banking
February 27, 2001
INTRODUCTION
The purpose of this memorandum is to request City Council approval of the attached resolution
authorizing the Administrative Services Manager, Finance Director and Assistant Finance Director to
utilize Internet Banking on behalf of the City of Dubuque.
BACKGROUND
Bmzking technology currently allows for lnternet Banking. With an internet connection and Interuet
Banking we will be able to check balances, review deposit/withdrawal transactions of accounts since
their last statement, determine if a specific check has cleared, transfer funds between deposit accounts,
verify interest earned and bank fees paid, etc.
Internet Banking is user friendly and free at this time. Utilizing Intemet Banking will increase
efficiency through decreased phone calls and quick on-line access to information. It will provide 24-
hour access to our accounts at financial institutions, which may be beneficial during work times other
than the traditional banking hours.
It appears most financial institutions will not require authorization; however, one of the primary banks
we deal with regularly requires written authorization. Accordingly, we are preparing a resolution.
DISCUSSION
Attached is a resolution authorizing the Administrative Services Manager, Finance Director, and
Assistant Finance Director as fiscal officers to utilize Intemet Banking on behalf of the City.
ACTION
Please present the resolution to the City Council for consideration of approval. If there are any
questions on the resolution, please contact me. Thank you for your assistance.
KIT/gmm
Attachment
RESOLUTION NOi. 80-01
RESOLUTION AUTHORIZING CERTAIN DESIGNATED FISCAL
OFFICERS OF THE CITY OF DUBUQUE TO UTILIZE INTERNET
BANKING ON BEHALF OF THE CITY OF DUBUQUE, IOWA
Whereas, the City of Dubuque has established several bank accounts with local financial
institutions; and
Whereas, the City of Dubuque fiscal officers review f'mancial transactions periodically
with the financial institutions; and
and
Whereas, the City of Dubuque can improve access to information via Interact Banking;
Whereas, the City Council has determined that the fiscal officers who may utilize Internet
Banking on behalf of the City of Dubuque are the Administrative Services Manager, Finance
Director, and Assistant Finance Director.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
The Administrative Services Manager, Finance Director, and Assistant Finance Director
are hereby authorized to utilize lntemet Banking on behalf of the City of Dubuque.
Passed, approved and adopted this 5m day of March, 2001.
John H. Markham, Mayor Pro-Tem
Attest:
Jeanne Schneider, City Clerk