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MINUTES <br /> -ARZE2\1_ HILLS <br /> FINANCIAL PLANNING & ANALYSIS COMMITTEE <br /> Wednesday, March 18, 2009 <br /> 6:00 P.M. <br /> Second Level Conference Room, Arden Hills City Hall <br /> CALL MEETING TO ORDER AND ROLL CALL <br /> The meeting was called to order by Scott Bronson at 6:00 pm. <br /> MEMBERS PRESENT: Scott Bronson; Stan Harpstead, Council Liaison; Jeff Johnson; <br /> Jim Ostlund <br /> MEMBERS NOT PRESENT: Maurice Gieske <br /> OTHERS PRESENT: Pat Harris,4M Fund Representa 've; Sue Iverson, Finance <br /> Director; Arlene Mitchell, Communication Committ ember; Joe Rueb, Accounting <br /> Analyst; Gail Robertson, Ehlers & Associates, Inca " <br /> Call to Order <br /> 1. APPROVAL OF THE AGENDA <br /> Motioned: Jeff Johnson <br /> Seconded: Jim Ostlund <br /> 2. APPROVAL OF FEBRUA , 2 b •.MINUTES <br /> Motioned: Jeff Johnson <br /> Seconded: Jim Ostlund <br /> 3. UNFINISHED AN S ESS <br /> A. Gail Robertson, h. - ssociates, Inc. —Arbitrage and Post Issuance <br /> Compliance Policie' <br /> Gail provided handouts for the group. Is Arden Hills in compliance with all <br /> reporting for current bonds? Our policies should require a trustee to prepare <br /> all reports. The borrowing party should pay all charges accrued by the <br /> arbitrage. The City should establish a pre-issuance policy and a post-issuance <br /> policy. <br /> B. Pat Harris, 4M Fund Reporesentative—Information on 4M Fund <br /> Pat provided handouts for the group. Commercial paper is not a <br /> recommended investment. Pat will provide additional information on holding <br /> reports. <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-hi lls.mn.us <br /> Chair Initial <br /> F.Director Initial <br />