HomeMy WebLinkAboutE11 appointment to review depository bonds and 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: November 27, 2006
BACKGROUND: Section 7-6-207 (2) MCA requires the City Commission to approve
pledged securities on at least a quarterly basis. Two commissioners will be appointed quarterly
on a rotating basis.
RECOMMENDATION: Motion to approve the appointment of Commissioner Kirchhoff &
Commissioner Jacobson to review the depository bonds and pledged securities as of September
30, 2006.
FISCAL EFFECTS: None
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
Laurae Clark, Treasurer
Approved by;
Chris A. Kukulski, City Manager
Attachments: None