2.5a ERMUSR 05-09-2023RESOLUTION NO. 23-6
BOARD OF COMMISSIONERS
ELK RIVER MUNICIPAL UTILITIES
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF ELK RIVER MUNICIPAL
UTILITIES APPOINTING BANK SIGNATORIES, AND DESIGNATING AUTHORITY TO MAKE
FINANCIAL TRANSFERS.
WHEREAS, ERMU policy requires two signatures on all ERMU checks; and
WHEREAS, ERMU policy is to designate three members of the ERMU Board of
Commissioners to have signing authority; and
WHEREAS, ERMU has a depository account, a savings account, and a checking account;
and
WHEREAS, the Board of Commissioners finds it desirable to designate certain ERMU
employees to have authority to execute transfers between ERMU funds, to make bond
payments, and to process fees related to financial transactions.
NOW, THEREFORE, BE IT RESOLVED:
1. That the following three members of the ERMU Board of Commissioners shall
have authority to sign checks on behalf of ERMU: John Dietz, Mary Stewart, and
Nick Zerwas.
2. That the ERMU General Manager and the ERMU Finance Manager shall have
authority to process fees, to make bond payments, and to execute fund transfers
between the ERMU depository account, savings account, and checking account.
3. That the authority granted by this Resolution shall remain in effect until revoked
or revised by a subsequent resolution of the Board of Commissioners.
This Resolution Passed and Adopted this 911 day of May, 2023.
John J. Dietz, Chair
Mark Hanson, General Manager
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