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Commission Memorandum
REPORT TO: Honorable Mayor and City Commission FROM: Laurae Clark, Treasurer
Anna Rosenberry, Finance Director
SUBJECT: Appoint a sub-committee of two commissioners to review pledged securities as of September 30, 2012.
MEETING DATE: October 22, 2012
AGENDA ITEM TYPE: Consent
RECOMMENDATION: Appoint Mayor Becker and Commissioner Taylor to review the
depository bonds and pledged securities as of September 30, 2012.
SUGGESTED MOTION: Motion to approve the appointment of Mayor Becker and
Commissioner Taylor to review the depository bonds and pledged securities as of September 30,
2012.
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: Depository Bonds and Securities Report as of 9/30/12
Report Compiled on: October 8, 2012
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