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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, 2013.
MEETING DATE: October 28, 2013
AGENDA ITEM TYPE: Consent
RECOMMENDATION: Appoint Deputy Mayor Krauss and Commissioner Mehl to review
the depository bonds and pledged securities as of September 30, 2013.
SUGGESTED MOTION: Motion to approve the appointment of Deputy Mayor Krauss and
Commissioner Mehl to review the depository bonds and pledged securities as of September 30,
2013.
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 September 30, 2013
Report Compiled on: October 14, 2013
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