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<br />CASSCOUN1Y <br />GOVERNMENT <br />... <br /> <br />Auditor <br /> <br />MEMO <br /> <br />TO: <br /> <br />Cass County Commissioners <br /> <br />Michael Montplaisir, CPA FROM: <br />701-241-5601 <br /> <br />Charlotte Sandvik, County Treasurer <br /> <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 />Box 2806 <br />211 Ninth Street South <br />Fargo, North Dakota 58103 <br /> <br />Fax 701-241-5728 <br /> <br /> <br /> <br />DATE: <br /> <br />December 28, 2007 <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 of <br />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 be <br />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 />P:\Commission Minutes\MINUTES\Comm2008\TREASURER FUNDS.doc <br />