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<br /> <br /> <br />REQUEST FOR COUNCIL CONSIDERATION <br /> <br /> <br />Meeting Date: May 24, 2016 <br /> <br /> <br />Resolution- Reauthorizing Membership in the 4M Fund <br /> <br /> <br />OVERVIEW: <br /> <br />In front of you this evening is a resolution which will expand the City’s access to 4M services to <br />include the short-term management and investing of bond proceeds. <br /> <br />The City currently manages this process by receipting bond proceeds into the City’s 4M General Fund <br />and investing proceeds with the approved investment brokers. Staff is seeking the option to invest bond <br />proceeds into a specialized 4M Fund account that would have a higher degree of segregation, which <br />would be beneficial for reporting purposes. <br /> <br />An example of this use would be the 2015B Bond proceeds, due to the Federal grant associated with <br />the project. <br /> <br /> <br /> <br /> <br /> <br /> <br />23