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HomeMy WebLinkAboutAppoint Commissioner Becker and Commissioner Taylor to review Bonds and Securities.pdf Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Laurae Clark, Treasurer Anna Rosenberry, Finance Director Chris Kukulski, City Manager SUBJECT: Appoint a sub-committee of two commissioners to review pledged securities as of June 30, 2011. MEETING DATE: August 1, 2011 AGENDA ITEM TYPE: Consent RECOMMENDATION: Appoint Commissioner Becker and Commissioner Taylor to review the depository bonds and pledged securities as of June 30, 2011. 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. UNRESOLVED ISSUES: None ALTERNATIVES: As suggested by the City Commission. FISCAL EFFECTS: None Attachments: None 23