Item Coversheet

New Business and Commission Requests - R9  Y




COMMISSION MEMORANDUM

TO:Honorable Mayor and Members of the City Commission 
FROM:Vice-Mayor Kristen Rosen Gonzalez 
DATE:March  1, 2017
 



SUBJECT:

REPORT ON THE $3.6 MILLION THAT WERE ILLEGALLY TRANSFERRED FROM A CITY ACCOUNT AT SUNTRUST BANK.


RECOMMENDATION

Please provide the City Commission with an update on the $3.6 million dollars that were illegally transferred from a City account with SunTrust Bank.

ANALYSIS

In December 2016, the City Manager notified the Commission that the City had been the victim of bank fraud with respect to one of the its bank accounts at SunTrust Bank. 

 

I would like to receive an update on the $3.6 million dollars that were illegally transferred from the City account. Please provide all pertinent, public information, as well as the status of the recapture of the funds.

Legislative Tracking
Vice-Mayor Kristen Rosen Gonzalez