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Finance Highlights 2006 1004
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Finance Highlights 2006 1004
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6/6/2007 4:01:51 PM
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11/3/2006 3:13:07 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
10/4/2006
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_CC Agenda 2006 1106
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\City Clerk\City Council\Agenda Packets\2006\Packet 2006 1106
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<br />Mayor Young suggested that staff conduct an RFP Request to seek other financial firms for <br />brokerage or portfolio management services. <br /> <br />4. Public Comments <br /> <br />None. <br /> <br />5. Committee Member Comments <br /> <br />Stephens inquired if there are any objectives in the future for restoring or maintaining the <br />reserves back to 20% and to what degree? Mayor Young noted that 9 years ago the City targeted <br />the 20% reserve for catastrophic emergencies. Stephens is requesting to have more discussions <br />regarding the reserves. It would be prudent to have an early discussion before next year's budget <br />so that the reserve could be built in the balance budget. <br /> <br />6. Adjourn <br /> <br />Meeting was adjourned at 5:15 p.m. <br />
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