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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 6/19/06 <br /> <br />Agenda Item # F - 2:) <br /> <br />SUBJECT: <br />Addition to list of banks to obtain quotes for investment purposes as required under G.S. <br />159-31. <br /> <br />BRIEF SUMMARY: <br /> <br />G.S. 159-31 requires the approval of all bankslbrokers with which the County places <br />investments. A request is being made to add US Bank to our broker list. Staff will be <br />available at the Board of Commissioners meeting should questions arise. The <br />banks/brokers must follow G.S. 159-30. Investment of idle funds as dictated by the Local <br />Government Budget & Fiscal Control Act. <br /> <br />REQUESTED ACTION: (Suggested motion If the Board approve& the agenda item aa presented) <br />Approve US Bank for County investment purposes. <br /> <br />Attachments [gJ Yes 0 No Expected Length of Presentation <br /> <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 5/23/06 <br />Name I Job Title <br /> <br />Budget Amendment Required: 0 Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes [gJ No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />F-3 <br />