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City of <br />�- <br />Pequott <br />Lakes— <br />AGENDA ITEM #3.7 <br />REPORT TO <br />CITY COUNCIL <br />Date: May 5, 2009 <br />Subject: Authorize Library Board Treasurer to Invest <br />Library Funds <br />Report: During our 2008 audit, the auditors discussed the <br />`- manner in which the library funds are currently being <br />invested. It was suggested that because the library funds are <br />actually city funds, the City Council should designate who <br />is authorized to invest said funds. <br />Council Action Requested: Council motion authorizing <br />the Library Treasurer to invest library funds. <br />