HomeMy WebLinkAboutSub-Committee to Review Pledged Securities
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Laurae Clark, Treasurer and
Chris Kukulski, City Manager
SUBJECT: Appointment of Sub-Committee to Review Pledged Securities
MEETING DATE: February 9, 2009
RECOMMENDATION: Appoint Commissioner Becker and Commissioner Rupp to review
the depository bonds and pledged securities as of December 31, 2008.
BACKGROUND: Section 7-6-207 (2), MCA, requires the City Commission to approve
pledged securities at least quarterly. The Commission appoints two commissioners quarterly on
a rotating basis.
FISCAL EFFECTS: None
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
_________________________________ ____________________________
Laurae Clark, Treasurer Chris A. Kukulski, City Manager
Attachments: None
16