Discussion and possible action to authorize the County Treasurer to open a new bank account
Submitted for:
Jeronimo Martinez
Submitted By:
Jeronimo Martinez
Department:
Treasurer
Subject:
Discussion and possible action to authorize the County Treasurer to open a new bank account with Falcon Bank for funds received from the American Rescue Plan Act of 2021.
Issue: Webb County received money from the American Rescue Plan Act of 2021 and the Auditor is recommending that we open a separate bank account.
Solution: Create a new bank account and deposit those funds accordingly.
Result: Funds from the American Rescue Plan Act of 2021 will be managed out of this new account.