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10-14-08
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10-14-08
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• <br /> /S.kDEN jiILLS <br /> MEMORANDUM <br /> DATE: October 10, 2008 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director <br /> SUBJECT: Investment Portfolio and Investment Policy <br /> Annually, the City Investment Policy should be reviewed. I have provided a copy of the Investment <br /> Policy and the quarterly investment portfolio's for 2008 for your review. <br /> I have also included the 3rd quarter financial summaries of the City for your information. Please <br /> remember that the City is on the cash basis of accounting during the year and most of the revenues are <br /> received from taxes twice a year. The second half of those payments will come in December. <br /> • <br /> \\Metro-inet\ArdenHills\Admin\Committees\FPAC\10-14-08 Investments-Financials.doc <br />
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