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roam <br /> l <br /> Meeting Date: 12/9/92 <br /> Agenda Item: P -2 <br /> CITY OF FALCON HEIGHTS <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ITEM DESCRIPTION: Proposed financial services contract with the <br /> City of Lauderdale <br /> SUBMITTED BY: Susan Hoyt, City Administrator <br /> REVIEWED BY: Kathleen Miller, Lauderdale City Administrator <br /> Tom Kelly, City Accountant <br /> Peter Bachman, City Attorney <br /> EXPLANATION /SUMMARY: <br /> The City of Lauderdale is interested in purchasing financial <br /> advisory services and investment services from the City of Falcon <br /> Heights. The service would be: <br /> provided on an as- needed basis; <br /> advisory on accounting, budgeting and auditing questions <br /> asked by the Lauderdale administrator and city council; <br /> handling investments of Lauderdale's funds according to the <br /> investment policies established by the Lauderdale city <br /> council; <br /> charged at the rate that it costs Falcon Heights to provide <br /> the service, which is primarily the rate of the city <br /> accountant and any preparation of materials; (This would be <br /> billed monthly like a consultant bills the City of Falcon <br /> Heights); <br /> provided with the condition that the City of Falcon Heights <br /> service requirements are the city accountant's first <br /> priority in carrying out his workload. The work would <br /> probably not exceed 10 hours per month and may be much less <br /> during some months). <br /> ATTACHMENTS: <br /> A Proposed contract for financial services <br /> C <br /> ACTION REQUESTED: <br /> Review, discuss and approve the proposed contract for financial <br /> services with the City of Lauderdale. <br /> '::ii::» <:i: '::iF:«<: :t #:::i:: 3:'' "::li<: >:i:::'t:::: isz:::>:'':'`>t:::":: y;::>::::;<;:;;:;::< z;:::;:::;:...:. z;:; i::":::::;::<: i:: i:: i:: i:: i:: i:: i:: i::::....:i::ii r"::':::>:: <:i: :::iis: <br />