Item Coversheet

AGENDA ITEM SUMMARY

ITEM SUMMARY:

Consider approval to allow MEAG Power to continue to make voluntary deposits into the City of Griffin Flexible Short Term Portfolio and the New Generation and Capacity Intermediate Portfolio and authorize Chairperson and  City Manager to complete the election form.  Electric Director Bill Bosch will address.


SPECIAL CONSIDERATIONS OR CONCERNS:

50% of funds are deposited into the Flexible Short term Portfolio and 50% is deposited into the New Generation and Capacity Intermediate Extended Maturity Portfolio.

STAFF RECOMMENDATION:

Staff recommends approval.

FINANCIAL IMPACT:

Monthly deposits will be deposited into Short Term and New Generation.

ATTACHMENTS:
File NameDescription
Election_for_Participant_Directed_Voluntary_Deposits_MCT_2016.pdfVoluntary Election Deposit in the MCT and Election Form
Submitted by:

 Meeting Date:

S. Milner

2/9/2016

Reviewed by:

 
Kenny L. Smith