City of Brookings - File #: RES 20-001

• File #: RES 20-001
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/6/2020
• In control: City Council
• On agenda: 1/14/2020
• Final action: 1/14/2020
• Title: Action on Resolution 20-001, a Resolution designating the depositories for municipal funds.

Date	Ver.	Action By	Action	Result
1/14/2020	1	City Council	approved	Pass

Title

Action on Resolution 20-001, a Resolution designating the depositories for municipal funds.

Body

Summary:

Pursuant to SDCL 9-22-6, “Designation of depositories of municipal funds,” the governing body shall designate the depository or depositories in which the funds belonging to the municipality shall be deposited.  Such depository or depositories shall be a bank or banks within the State of South Dakota, unless otherwise specifically provided by law.

Recommendation

Recommendation:

Staff recommends approval.

Body2

Attachments:

Resolution