HomeMy WebLinkAbout1998-11-18 PACKET 04.H.REQUEST OF CITY Ct7UNCIL ACTION COUNCEL AGENDA
MEET6NG ITEM #
DA�E 11l18/98 c.}. .
PREPARED BY Finance Liz Johnson
QRIGINATING DEPARTMENT STAFF AUTHC7R
�.«�...�.«..�...��.�«��.����w..KK...�««�«*.« ..��
COUNCIL ACTION REQUEST
Provide for two Council volunteers to participate with the investment committee.
BUDGET IMPLICATION: $ $
BUDGETED AMOUNT ACTUAL AMOUNT FUND�NG SOURCE
aovisoRY connnnisseoN a,cTioN
■ ' .
� . = .
� � : ��
.-
REVIEWED
❑
❑
❑
❑
❑
❑
APPROVED
❑
❑
❑
❑
❑
❑
DEiJIED
❑
❑
❑
❑
❑
❑
� •.. . � . �.;�.- ��
, i
■ � • � :�. I��•
■
SUPPORTING DOCUMENTS
�1 �
■' • •.
■ •'� ,
� . . ,� � . �
■ � ' • r � •'
■ '
ADMINISTRATORS COMMENTS
/i a
City Administrator Date
����¢����.w�������.<««..����.����«�����.�«������
cau�ciL periar� �raK�� ❑ �P�Ra��a ❑ a��i�� ❑ aTN�R
Memorandum
To: Honorable Mayor and City Council
Ryan Schroeder, City Administrator
From: Elizabeth Johnson, Finance Director�
Date: 11/ll/98
Re: Investment Committee
Discussion
last regulaz meeting, the City Council approved the revised investment policy.
ivestment committee is a new feature that has been added to the policy. The
znent committee wouid be comprised of two council members, the CiYy
❑ist�,ator, Assistant City Administrator and me. It would meet two times per yeaz
iew the investment activity of the preceding six months. The committee would
v thepurchase and sales transactions, investment income, and status of the City's
igs and make any recommendations. The review and recommendations would
�e forwazded to the whole Council at its ne�:t regulaz meeting. I would assume that
sY time the committee would meet would be the be�inning of January 1999 to
v 1998 activity.
Requested Action
Two Council volunteers to participate with the committee.