Legislation Details

File #: 1-24    Version: 1
Type: Resolution Status: Passed
File created: 12/31/2023 In control: City Council
On agenda: 1/9/2024 Final action: 1/9/2024
Title: PROPOSED RESOLUTION A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO DESIGNATE OFFICIAL DEPOSITORIES OF CITY FUNDS AND ADOPT AN INVESTMENT POLICY
Attachments: 1. 01-24 OFFICIAL DEPOSITORIES AND INVESTMENTS

title

PROPOSED RESOLUTION

A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO DESIGNATE OFFICIAL DEPOSITORIES OF CITY FUNDS AND ADOPT AN INVESTMENT POLICY

 

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This proposed resolution authorizes the Finance Director to designate the official depositories of City funds and to make investments as provided in the Minnesota State Code.

 

recommendation

City Administrator Recommendation: City Council Adopt a Resolution Authorizing the Finance Director to Designate Official Depositories of City Funds and Adopt an Investment Policy.