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AG 2005 12 19
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AG 2005 12 19
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Last modified
3/3/2006 8:34:20 AM
Creation date
11/27/2017 11:36:48 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/19/2005
Board
Board of Commissioners
Meeting Type
Regular
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<br />Section 6. <br />Agent: <br />(a) <br /> <br />(b) <br /> <br />(c) <br /> <br />(viii) Provide confil1nations. to Finistar cif each of its transfers of <br />Public Deposit Funds to Participating Banks and its <br />. compliance with the applicable Public Deposit Instructions; <br />(ix) Provide confirmations to Finistar of each of its withdrawals <br />of Public Deposit Funds, and/or interest earned thereon, <br />from Master NOW Accounts at Participating Banks, its <br />distributions of the foregoing amounts to Public Depositor, <br />and its compliance with the applicable Withdrawal/Transfer <br />Instructions; and <br />(x) Receive. requests for audit confirmations from the <br />independent auditor of Public Depositor a.'1d provide <br />appropriate audit.. confirmations to such. independent <br />. auditor, <br />Reconciliations. Finistar and Fiscal Agent shall reconcile their respective <br />records of the Public Deposit Funds of Public Depositor transferred to <br />Fiscal Agent; the Public Deposit Funds of Public Depositor transferred by . <br />Fiscal Agent to each Master NOW Account at each Participating Bank, <br />including all interest earned thereon while such amounts were held on <br />. deposit by Fiscal Agent; and, the Public Deposit Funds, and interest <br />earned thereon, of Public Depositor withdrawn by Fiscal Agent from each <br />Master NOW Account at each Participating Bank and transferred by Fiscal <br />. Agent to Public Depositor or as otherwise provided in Section 6(a). Such <br />reconciliation shall occur at least monthly, and may be required by Finistar <br />or Fiscal Agent at any time if necessary to confirm the accuracy of the <br />records maintained by Finistar or Fiscal Agent. <br /> <br />Pavments; Fees, The following payments shall be made to Finistar or Fiscal <br /> <br />. FinistarFees. On or 'before the fifteenth Business Day of each calendar <br />month, Finistar shall give Fiscal Agent. Withdrawal/Transfer Instructions <br />with regard to the Master NOW Accounts at the Participating Banks for <br />purposes of this Section 6(a). No later than the twentieth Business Day of <br />that calendar month, Fiscal Agent . shall complete the instructed <br />withdrawals and deposit the aggregate amount in a negotiable order of <br />withdrawal account at Fiscal Agent maintained in the name of Finistar, <br />acting as an agent for the. Public Depositor ("Agent Account"), <br />Thereafter, Finistar may instruct Fiscal Agent to make such transfers <br />and/or other dispositions of such funds as Finistar and Public Depositor <br />have agreed. <br />Fiscal Agent Fees. On or before the tenth day of each. calendar month, <br />Fiscal Agent shall provide to Finistar a written invoice for services <br />rendered by Fiscal Agent under this Agreement during the preceding <br />calendar month, Fees invoiced by Fiscal Agent shall be calculated in <br />accordance with the Schedule of Fees as agreed upop by Fiscal Agent and <br />Finistar. As agent for PublicDepositor,Finistar shall pay from the Agent <br /> <br />&-'2> <br />
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