F-4 Invest Idle FundsFROH:
SUBJECT:
DATE:
Don Harrison, City C]e~P.
Investme~'~'c of Id.]e ?'un?,~;
Joly 27, 1972
There ~;J.].]. be app~:o:<'ii-~tc]y $300,000.00 available in the
General Operating Fund to invest as
$300,000.00 3 Months Certificate of Depo.~;~.t 4.0Z $ 3,000.00
There ~,.~ill be al>pro>:imately $/;60,000,00 available in the
Bonrl and Interest Fu~d to inve~;t: as
$260,000.00 2 .Months Ccrt:fficate of Deposit 3,75% $ 1,625.00
$200,000.00 3 ~kn,.hs Certificate of Dcpos~.t 4.0 2~000.00
A ]~I',S~, I,U f.LO:, AUTllO}%IZiNG THE TEi~FO~{~,::IY ]_I'~VESTNIiNT OF A]'iq:~OXI;:4ATELY $ 760 ~ OC)O. O0
Oi- IDi, E ~D~uS OF T[{E CiTY OF SALtEA,
]~ca~.o of Co:~issio~iers o~: the City of Sa!ina~
t3E IT RESOLV}ll) by the ',~-"
(1) That the City Clerk of the City of Salina~ Kant;as, is hereby
authorized and directed to te~:q>orari]_y ir, vest approxi~:m, tely $760,000,00
of temporary idle ~:~oney of the City., of S~lina, K=,-~,.,-,o~...~,~..:,~ in Certificate of
Deposits with the Dar3:s in Sa~.na,
(2) That the investment of the above funds shall be in accordance
ali. provJ.~:~.ons of Section 2--]88 of the Saline '
Adopted by the Govarn:h~g :ody. of the City. of Sali_na~ Kansas, and appro~ .....
by the Hayor this ............ day of .................... ~ 1972.
(Si£AL)
At res t:
i'layor
City Clerk