Coversheet

AGENDA ITEM SUMMARY

ITEM SUMMARY:

Consider approval to direct MEAG Power to place 100% of the City's 2015 MEAG Power Year-End Settlement refund of $1,693,530 into the City's MEAG Municipal Competitive Trust Flexible Operating Account - Short-Term Portfolio and authorize execution of the MEAG Power Projects 2015 Year-End Settlement Election Form by City Commission Chair and City Manager. Electric Director Dan Thompson will address.

SPECIAL CONSIDERATIONS OR CONCERNS:

The deposit into the Short Term Portfolio allows an increase in this account for any electric emergency operations.

STAFF RECOMMENDATION:

Staff recommends approval.

FINANCIAL IMPACT:

This will increase the Short term Portfolio by $1,693,530.

ATTACHMENTS:
	File Name	Description
	25_-_Griffin_2015_YES_(002).pdf	2015 MEAG YES

Submitted by:	Meeting Date:
Dan Thompson	4/12/2016
Reviewed by:
Kenny L. Smith