|
CITY COMMISSION AGENDA ITEM |
|
|
Department: |
Finance |
Commission Meeting Date: Dec. 18th, 2018 |
|
|
Staff Contact: |
Jeremy Willmoth, Finance Director |
||
|
Recommendations/Options/Action Requested: |
|||
|
Adopt Resolution No. 7277, authorizing the City to invest certain city funds in accordance with State Law governing the investment of public funds. Due to an administrative error in last week’s consent agenda item, staff is requesting to adopt this Resolution again and have submitted the corrected documents. |
|||
|
Executive Summary: |
The City is already a member of the Kansas Pooled Money Investment Board’s Municipal Investment Pool (MIP). A requirement of the pool is that authorized account signatories must be approved by Resolution of the Governing Body. Staff is requesting approval of the attached Resolution so that the new Finance Director can be added as a signatory to the account. |
||
|
Strategic Plan Critical Success Factor |
Effective Governance/Professional Administration Sound Fiscal Stewardship |
||
|
Fiscal Impact (Amount/Source): |
There is no fiscal impact to the City. |
||
|
Attachments: |
|||
|
(for CMO use only) |
☐TM ☐DS ☒CT ☐BM |