HomeMy WebLinkAboutRes 86-8 City Credit Cards •
INTEROFFICE MEMORANDUM
CITY OF PALM DESERT
TO: Honorable Mayor and City Council
FROM: Kirby Warner, Director of General Services
SUBJECT: CITY CREDIT CARDS
DATE: January 3 , 1986
The City currently has a credit card from Security Pacific
National Bank which is used for purchases of petty cash type
items . The card is issued in the name of the City with a
resolution on file authorizing myself, the City Manager or the
Administrative Aide to make purchases . Security Pacific has
notified me of a change in their policy which requires all cards
to be issued in the name of the officers using them. The attached
resolution will accomplish this and also expand authorized uses to
include the confirmation of travel related arrangements.
The use of credit cards has significantly reduced the amount of
effort required to purchase petty cash type items which, in the
past , required prepaid checks or constant replenishment of the
petty cash fund. The annual fee for each card will be $45, the
City pays no interest on the accounts.
Respectfully submitted, Re 'ewed and concur,
I14.
%;
Kirby J . Warner Bruce A. Altman
City Manager
APPROVED BY CITY COUNCIL
VERIFIED BY._ \
?riginal on files with City Clerk's Office