Item Text

S-1. ELECTRONIC FUNDS TRANSFERS AUTHORIZATION TO WELLS FARGO BANK FOR FY 2014 Pursuant to Electronic Fund Transfer Policy Number A2512, the Maricopa County Stadium District is requesting authorization to have the Treasurer’s Office process Electronic Funds Transfers (EFT) for depositing revenues to be received based on agreements with the Arizona Diamondbacks periodically throughout FY 2014. It is anticipated that these revenues should be between $700,000 and $800,000. The revenue is deposited in the Stadium District’s account with Wells Fargo Bank; the revenue is used to fund capital improvements to Chase Field. The Stadium District’s request for authorization to the Treasurer’s Office will come from the Director, Daren Frank and the Financial Business Analyst, Barbara Norris. The deposits require instructions for further credit into one of the four sub-accounts at Wells Fargo. The Stadium District will prepare a corresponding journal voucher to record the EFT transaction on the County’s Financial System in the same accounting period as the EFT. (C-68-13-016-M-00)