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HomeMy WebLinkAbout05(H) - Approval Delegating Authority to Pay Claims and Make Electronic Fund Transfers Report ITEM: 5H CITY COUNCIL AGENDA REPORT MEETING DATE: January 13, 2026 PREPARED BY: Nicole Klekner, Finance Director PRESENTED BY: Nicole Klekner AGENDA ITEM: Approval of Delegating Authority to Pay Claims and Make Electronic Fund Transfers RECOMMENDED ACTION: Adopt a resolution delegating authority to pay claims and make electronic fund transfers. BACKGROUND: Approval of the resolution will delegate the authority to pay all claims made against the City and to make electronic fund transfers to the Finance Director. Obtaining this city council approval on an annual basis is a recommended best practice. Minnesota State Statute Section 412.271, Subd. 8 states that a city council may delegate its authority for paying certain claims against the city to a city administrative official subject to certain criteria. The necessary criteria for delegating the payment of claims authority have all been met by the city through the following: (i) city’s internal accounting and administrative procedures, (ii) regular review of expenditure list by City Council at each meeting, and (iii) preparation of an annual audited financial statement attested by an independent certified public accountant. Minnesota State Statute Section 471.38, subdivision 3 and 3a states that a city council may authorize electronic fund transfers subject to similar criteria as the delegation of authority to pay claims such as city internal accounting and administrative procedures, bank process controls and regular review of expenditure list by City Council at each meeting. All these criteria are currently in place. Going forward, staff will be presenting this resolution for approval at the beginning of each year in conjunction with other required annual resolutions. The City Council will continue to receive the expenditures (claims) list as part of the regular agenda, and these reports will include claims paid electronically as they have in the past. FINANCIAL IMPACT: Delegation of the authority to the Finance Director to pay claims and make electronic fund transfers ensures claims are paid in a timely manner and that all claims made against the City meet the standards and procedures established by the Finance Department, City policies, City Council approved resolutions and the requirements of applicable statutes. ALTERNATIVES: 1. Motion and second to approve a resolution delegating authority to pay claims and make electronic fund transfers. 2. Motion and second to remove this item from the consent agenda for additional discussion City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372 Item 5H Page | 2 ATTACHMENTS: 1. Resolution – Approval of Delegating Authority to Pay Claims and Make Electronic Fund Transfers 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 26- A RESOLUTION APPROVING THE DELEGATING OF AUTHORITY TO PAY CLAIMS AND MAKE ELECTRONIC FUND TRANSFERS Motion By: Second By: WHEREAS, Minnesota State Statute Section 412.271, Subd. 8 states that a city council may delegate its authority for paying certain claims against the city to a city administrative official subject to certain criteria; and WHEREAS, Minnesota State Statute Section 471.38, Subd. 3 and 3a state that a city council may authorize electronic fund transfers subject to certain criteria; and WHEREAS, the prerequisite criteria for delegating the payment of claims authority have all been met by the city through the following: (i) city’s internal accounting and administrative procedures, (ii) regular review of expenditure list by City Council at each meeting, and (iii) preparation of an annual audited financial statement attested by an independent certified public accountant, public accountant or state auditor; and WHEREAS, procurement of goods and services are made under the authority granted in the purchasing policy, council-approved resolutions and/or applicable state statutes; and WHEREAS, Minnesota State Statute Section 471.425, Subd. 2 states that cities that have at least one regularly scheduled meeting per month must pay their bills within 35 days of receipt and this delegation of authority is conducive to this end while assuring appropriate city council oversight; and WHEREAS, the prerequisite criteria for authorizing payments by electronic funds transfer will be met by the city through the following: (i) city’s internal accounting and administrative procedures, (ii) bank process controls and administrative procedures; and (iii) regular review of expenditure list by City Council at each meeting. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. Effective January 1, 2026 the City Finance Director is authorized to pay all claims made against the City that meet the standards and procedures established by the Finance Department, City policies, City Council approved resolutions and the requirements of applicable statutes. 3. Effective January 1, 2026 the City Finance Director is authorized to pay such claims via electronic funds transfer, in accordance with the foregoing requirements and Minnesota Statute 471.38, subds. 3 and 3a. Passed and adopted by the Prior Lake City Council this 13th day of January 2026. VOTE Briggs Braid Churchill Lake Hellier Aye ☐ ☐ ☐ ☐ ☐ Nay ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ ______________________________ Jason Wedel, City Manager C:\\Users\\hsimon\\AppData\\Local\\Temp\\Resolution - Approval Delegating Authority to Pay Claims and Make Electron_675448\\Resolution - Approval Delegating Authority to Pay Claims and Make E.docx 2