Laserfiche WebLink
City of <br /> `. PEQVOT <br /> LAKES <br /> MEMORANDUM <br /> TO: City Council <br /> FROM: Nancy Malecha <br /> SUBJECT: Investments <br /> DATE: November 29, 2005 <br /> Larson, Allen, Weishair, & Co. LLP made the following recommendation on the City's <br /> 2004 audit. <br /> "We recommend that all funds in various savings accounts be consolidated into <br /> one higher yield savings or money market account to simplify the administrative <br /> time to account for these deposits." <br /> I would like authorization from the City Council to close the attached eight savings <br /> accounts at various banks and invest the monies in a money market savings account at <br /> American National Bank. <br /> Thank you. <br />