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MEMO <br /> <br /> Auditor <br /> <br />Michael Montiplaisir, CPA <br />701-241-5601 <br /> Treasurer <br /> <br /> Charlotte Sandvik <br /> 701-241-5611 <br /> <br /> Director of <br />Equalization <br /> <br /> Frank Klein <br /> 701-241-5616 <br /> <br />TO: <br /> <br />Cass County Commissioners <br /> <br />FROM: <br /> <br />Charlotte Sandvik, County Treasurer <br /> <br />DATE: <br /> <br />December 19, 2003 <br /> <br />SUBJECT: TREASURER TO INVEST UNCOMMITTED FUNDS <br /> <br /> Each year, the county commission authorizes the county treasurer to <br />invest uncommitted funds in any financial institution in Cass County, or the <br />Bank of North Dakota, as stated in the North Dakota Century Code. The <br />county treasurer must be sure each financial institution pledges assets for <br />any amount over $100,000.00. The pledge of assets must be in writing, <br />must be approved by the institution's board of directors or loan committee, <br />and 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 />Box 2806 <br />211 Ninth Street South <br />Fargo, North Dakota 58103 <br /> <br />Fax 701-241-5728 <br /> <br />M:\MINUTES\Comm2004\TREAS-FUNDS.doc <br /> <br />www. casscountygov, com <br /> <br /> <br />