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RESOLUTION NO. 2003- 001 ` A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, DIRECTING DEPOSITORIES OF COUNTY FUNDS TO HONOR CERTAIN AUTHORIZED SIGNATURES ON COUNTY CHECKS, WARRANTS, AND OTHER ORDERS FOR PAYMENT; PROVIDING FOR BOARD OF COUNTY COMMISSIONERS AND CLERK OF THE CIRCUIT COURT SIGNATORIES; SUPERSEDING RESOLUTION NO. 2002- 098; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on January 7, 2003, the Board of County Commissioners of Indian River County ("Board") selected Kenneth R. Macht as Chairman from January 7, 2003, until January 6,2004, and Caroline D. Ginn as Vice Chairman from January 7, 2003 until January 6,'2004; and WHEREAS, Jeffrey K. Barton his the duly elected Clerk of the Circuit Court for Indian River County ("Clerk"), and he serves as clerk and accountant to the Board, pursuant to Section 125.17, Florida Statutes (2002); and WHEREAS, the Board has previously designated' certain institutions as depositories of County funds; and WHEREAS, the Board's selection of Chairman and Vice Chairman requires a redesignation of signatories for County warrants, checks, and other orders for the payment of money drawn on the County's depositories; and WHEREAS, the Board has determined that the existing financial practices concerning personnel policies and employee compensation eliminate the need to require manual signatures on salary and other compensation warrants, checks, and other orders payable to Board employees. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as.follows: 1. Previous designations by the Board of certain institutions as official depositories of County funds are hereby ratified and affirmed. 2. Manual signatures shall not be required on any }checks, warrants, and other orders for the payment of money drawn in the name of the Board for the purpose of salary and other compensation to or for any Board employees. 1