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<br />CASSCOUNlY <br />GOVERNMENT <br />..I.. <br /> <br />Auditor <br /> <br />MEMO <br /> <br />TO: <br /> <br />Cass County Commissioners <br /> <br />FROM: <br />Michad MI\ntpLlisir, CPA <br />701-241-~601 <br /> <br />Treasurer <br /> <br />Charbtte ~andvik <br />701.241.~611 <br /> <br />Director of <br />Equalization <br /> <br />Frank Klein <br />701-241.5616 <br /> <br />Charlotte Sandvik, County Treasurer <br /> <br />DATE: <br /> <br />December 22,2006 <br /> <br />SUBJECT: TREASURER TO INVEST UNCOMMITTED FUNDS <br /> <br />Each year, the county commission authorizes the county treasurer to invest <br />uncommitted funds in any financial institution in Cass County, or the Bank <br />of North Dakota, as stated in the North Dakota Century Code. The county <br />treasurer must be sure each financial institution pledges assets for any <br />amount over $100,000.00. The pledge of assets must be in writing, must <br />be approved by the institution's board of directors or loan committee, and <br />approval must be reflected in the minutes of the board or committee. <br /> <br />SUGGESTED MOTION: <br />Move to authorize the county treasurer to invest uncommitted funds. <br /> <br />Bux 2~06 <br />2\\ Ninth Street Stlllth <br />Flft'l) NInth Dakota 5tS 103 <br />, ,., , M:\MINUTES\Comm2007\TREASURER FUNDS.doc <br /> <br />fax 7L) \.24\.5728 <br /> <br />www.c.as.C(lllntVgtlV.CI \Ill <br />