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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />NOVEMBER 17, 2008 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance -Addition to List of Brokers to Obtain Quotes for Investment <br />Purposes as Required by G.S. 159-31 <br />BRIEF SUMMARY: <br />G.S. 159-31 requires the approval of all banks/brokers with which the <br />County places investments. A request is being made to add First Empire <br />Securities to the broker list. This broker has requested to be added to the <br />bid list and meets the investment policy criteria. The banks/brokers must <br />follow G.S. 159-30, Investment of Idle Funds as dictated by the Local <br />Government Budget and Fiscal Control Act. <br />REQUESTED ACTION: <br />Motion to approve the addition of First Empire Securities to the list of <br />bank/brokers for county investment purposes. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Pamela S. Dubois, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. Approval is recommended. <br />F-4 <br />