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HomeMy WebLinkAboutRes 137 - Estab Imprest Ckg Acct - Tax DeptDeschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of October 22, 2008 Please see directions for completing this document on the next page. DATE: October 14, 2008 FROM: Marty Wynne Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2008-137, establishing an Imprest checking account for the Deschutes County Tax Department. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2008-137, establishing an Imprest checking account for the Deschutes County Tax Department. The Tax Department has a need for an Imprest checking in the amount of $300 to facilitate Personal Property Tax Transactions. This Imprest checking account will be used to advance a $10 research fee to financial institutions pursuant to ORS 18.790(1). FISCAL IMPLICATIONS: An Imprest checking account in the amount of $300 will be established. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2008-137. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388-6559 Dave Lilley, Tax Department 388-6538 REVIEWED LEGAL COUNSEL For Recording Stam. Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Establishing an Imprest Checking Account in the amount of $300 to facilitate Personal Property Tax Transactions * RESOLUTION NO. 2008-137 * WHEREAS, Deschutes County Tax Department has a need for an Imprest checking account to facilitate Personal Property Tax Garnishments; and, WHEREAS, ORS 294.465 provides that such accounts for handling disbursements must )e established by resolution of the Board of County Commissioners; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That an Imprest checking account shall be established for the handling of personal property tax garnishments. Section 2. That the amount deposited into such account will be sufficient for such transactions. Section 3. Disbursements from this Imprest checking account shall be supported by documentation for such disbursement and an accounting of all such expenditures shall be maintained with the account records. Section 4. The Tax Department shall be responsible for the reconciliation of the account in accordance with its policies and procedures. DATED this nd day of October, 2008. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON DENNIS R. LUKE, Chair ATTEST: TAMMY (BANEY) MELTON, Vice -Chair Recording Secretary MICHAEL M. DALY, Commissioner PAGE 1 OF 1 -RESOLUTION NO. 2008-137 (10/22/08) Page 1 of 1 Lacy Nichols From: David Lilley Sent: Friday, October 10, 2008 3:11 PM To: Lacy Nichols Cc: Marty Wynne; Connie Heim Subject: Regarding: Imprest checking account for Garnishment Processing Fees Lacy, Due to staffing issues, Legal Counsel recently transferred the administrative processes related to personal property garnishments to the tax department. We discussed these processes in some detail with Marty last week. Part of those procedures require that we advance a $10 search fee to financial institutions (ORS 18.790 (1)) when attempting to garnish a bank account. When legal was preparing the garnishments for us, they included a $10 check from Legal Counsel's imprest checking account. The advantage to this is that time is very much of the essence when it comes to garnishments. If we don't act promptly upon obtaining bank account information, the money is frequently gone. As a result, we are requesting the creation of a imprest checking account for the sole purpose of advancing the required financial institution search fees un ORS 18.790 (1). We had originally discussed a fund of $500, but after considering it further, I believe that $250 to $300 would be plenty. That amount would easily cover several months of very active collection activity. Thank you. 10/10/2008