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• MINUTES
<br /> -- R EN HILLS `
<br /> 111
<br /> du'
<br /> 6
<br /> FINANCIAL PLANNING &ANALYSIS COMMITTEE 1
<br /> Tuesday, October 14, 2008
<br /> 6:00 P.M. /
<br /> Council Chambers, Arden Hills City Hall
<br /> ./ , 2) h_'
<br /> CAL
<br /> L MEETING TO ORDER AND ROLL CALL )i 4"
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<br /> The meeting was called to order by Scott Bronsont.!0 p
<br /> iicil Lia s :::<:: >: :>4. iiui a
<br /> MEMBERS PRESENT: Scott Bronson; Stan Il:" dad �u �y<Jef�,,,..,.,,,,,,, ,
<br /> Maurice Gieske; Jim Ostlund
<br /> nd
<br /> MEMB
<br /> ERS NOT
<br /> PRESENT
<br /> : Al Hilg ers
<br /> OTHERS PRESENT: Sue Iverson Finance Director=' oe ,Accountin Analyst;
<br /> Pang Silseth, Accounting Clerk; Arlene Mitchell, Communieatio mittee Member
<br /> Call to Order
<br /> 1. APPROVAL OF THE AGENDA
<br /> Motioned: Maurice Gieske
<br /> Seconded: Jim Ostlund
<br /> • 2. APPROVAL OF August 008 MINUTES.
<br /> Motioned: Jim Ostlund
<br /> Seconded: Maurice Gieske<
<br /> 3. UNFINISHED AND NE U S
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<br /> A. Identity« .ft<:PreventioProgram<..Red Flags Rule)
<br /> • a ; it tor;I crson reviewed back round on the Identity Theft
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<br /> n other cities
<br /> and
<br /> 11 •ri ``'�om liance requirements
<br /> 'eventiori Pray' ' ai` s;we as p
<br /> 1policies. Gieske eked if the FPAC members can be held liable if someone's
<br /> identity is stolen. PA',:members will not be liable as the City's employees
<br /> a<:and committee ment1N s are covered by the League of MN Cities. Pang
<br /> ` `'' changes to
<br /> > 15;eth reviewed the; i �s procedures. The Committee suggested g
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<br /> be maatde;;and will r iew.
<br /> B. Review< t t atria 'Portfolio and Investment Policy
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<br /> Next time t e in estment policy is changed, look to remove section 11, titled
<br /> "Exemption" 'on page 6. The committee requested a presentation from a 4M
<br /> represenative on the security of the 4M Fund. The committee also strongly
<br /> encourages further diversification. f rice,41e� -+^'� -4--Q '�
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<br /> -- +- i h�sari' Jr W' � to�cn� [�ca V k .
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<br /> City of Arden Hills
<br /> 1245 West Highway 96•Arden Hills Minnesota 55112
<br /> Phone 651.792.7800•Fax 651.634.5137
<br /> www.ci.arden-hills.mn.us
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