My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
06-20-07 FPAC Minutes
ArdenHills
>
Administration
>
Commissions, Committees, and Boards
>
Financial Planning and Analysis Committee (FPAC)
>
FPAC Packets
>
2007
>
06-20-07 FPAC Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/24/2024 4:07:07 PM
Creation date
11/9/2007 2:19:12 PM
Metadata
Fields
Template:
General
Document
06-20-07 Minutes
General - Type
Minutes
Date
6/20/2007
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
209
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
City of St. Louis Park <br /> Investment Policy <br /> June 5, 2000 <br /> • Resolution #00-074 <br /> VI. AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS <br /> The Director of Finance/Treasurer will maintain a list of financial institutions <br /> authorized to provide investment services to the City. All broker/dealers who <br /> desire to become qualified bidders for investment transactions must supply the <br /> Director of Finance/Treasurer with: <br /> • Audited financial statements and proof of National Association of Security <br /> Dealers (NASD) certification; <br /> • Proof of Minnesota Registration Broker Notification and Certification form <br /> required by Minnesota Statutes 118A prior to any investment transactions <br /> with the City. The Broker Notification must be updated annually. <br /> • The Official Broker/Dealer Questionnaire must be on file for each broker the <br /> City is currently doing business with. <br /> • Certification of having read the City's investment policy and agreement to <br /> conduct investment transactions in accordance with the policy and objectives, <br /> as well as state statutes. <br /> • Written agreement to disclose potential conflicts of interest or risk to public <br /> funds that might arise out of business transactions between the firm and the <br /> City. <br /> 110 Authorized institutions must maintain an investment office within the Twin Cities <br /> metropolitan area and have other Minnesota local government clients. <br /> VII. AUTHORIZED INVESTMENTS <br /> The City is authorized,under State Law Chapter 118A,to invest the securities <br /> listed in Exhibit A. <br /> VIII. COLLATERALIZATION <br /> Full collateralization will be required on non-negotiable certificates of deposit. <br /> All deposits will be insured or collateralized in accordance with Minnesota <br /> Statutes Chapter 118. <br /> IX. SAFEKEEPING <br /> Investments shall be kept at the broker/dealers in the City's name. Certificates <br /> will be held at the financial institution in the City's name. All securities should be <br /> a risk category one according to the Government Accounting Standard No. 3. <br /> 4110 The broker/dealer must provide asset protection of$500,000 through the <br /> 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.