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TOWN OF PLEASANT VALLEY TOWN BOARD RESOLUTION NO.: 8/2015 RE: RESOLUTION AUTHORIZING PAYMENT OF UTILITY BILLS PRIOR TO AUDIT PURSUANT TO TOWN LAW 118(2) WHEREAS, the Town of Pleasant Valley regularly

How to fill out resolution authorizing payment of

How to fill out a resolution authorizing payment of:

1. Start by including the title and date: Begin the resolution by clearly stating its purpose, which is to authorize payment. Also, include the current date for record-keeping purposes.
2. Identify the payee: Specify the individual, organization, or entity to whom the payment is being authorized. It is important to provide accurate information to ensure the payment goes to the correct recipient.
3. State the purpose of the payment: Clearly explain the reason for the payment to provide context and ensure transparency. This helps to avoid any confusion or misunderstandings regarding the intended use of funds.
4. Specify the amount: Clearly state the exact amount of money being authorized for payment. Be precise and include any relevant currency or decimal points to avoid any discrepancies.
5. Indicate the funding source: Identify the account or budget from which the payment will be made. This helps to ensure proper accounting and prevents unauthorized use of funds.
6. Include any necessary approvals: If there are specific individuals or authorities required to approve the resolution, make sure to include their names and positions. This ensures that the payment is authorized by the appropriate individuals.
7. Provide space for signatures: Allocate sufficient space for signatures of the individuals who are responsible for approving the resolution. Their signatures confirm their agreement and authorize the payment.

Who needs a resolution authorizing payment of:

1. Organizations: Companies, corporations, and nonprofit organizations may require a resolution authorizing payment to ensure proper financial management and accountability.
2. Government entities: Government agencies, departments, and local authorities often require a resolution to authorize payments in compliance with legal and regulatory requirements.
3. Boards of Directors: In the corporate setting, boards of directors may need a resolution to approve major payments or financial transactions, as part of their fiduciary duties.
4. Committees: Committees within organizations or associations may also need a resolution to approve payments related to specific projects or initiatives.
5. Individuals with power of attorney: If an individual has been granted power of attorney to handle financial matters on behalf of someone else, a resolution may be necessary to authorize payments.

Note: The specific need for a resolution authorizing payment may vary depending on the organization, its internal processes, and any legal or regulatory requirements it must adhere to.

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What is resolution authorizing payment of?

Resolution authorizing payment of is a formal approval or decision made by a governing body to authorize the payment of funds for a specific purpose.

Who is required to file resolution authorizing payment of?

The individuals or entities required to file a resolution authorizing payment of may vary depending on the organization or governing body involved. Typically, it would be the person responsible for financial matters within the organization.

How to fill out resolution authorizing payment of?

Resolution authorizing payment of should be filled out by providing details of the payment being authorized, including the amount, purpose, date, and any supporting documentation.

What is the purpose of resolution authorizing payment of?

The purpose of resolution authorizing payment of is to ensure that funds are being allocated and disbursed in a transparent and accountable manner, in accordance with the organization's governing rules and regulations.

What information must be reported on resolution authorizing payment of?

The information reported on resolution authorizing payment of should include the name of the payee, amount to be paid, purpose of the payment, date of authorization, and any other relevant details.

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