Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with PFM Asset Management, LLC to provide various services for the Dept. of Finance, at a cost not to exceed $12,500. [Dept. of Finance, O’Mara]
Summary
Authorization to execute agreement with PFM Asset Management, LLC, for services to include: Investment Policy Review and Update, Development of Broker/Dealer Questionnaire and Creation of a Daily Cash Balance model to continue the Finance Department’s ongoing review and development of financial best practices. (L0084-13) (O’Mara)
This is a request to execute agreement with PFM Asset Management, LLC, for an amount not to exceed $12,500, for services to include: Investment Policy Review and Update, Development of Broker/Dealer Questionnaire and Creation of a Daily Cash Balance model to continue the Finance Department’s ongoing review and development of financial best practices. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted: Yes
Account Number: 1101 202101 2011 71202
This Fiscal Year Impact: $12,500
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $18,038.74
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute an agreement, which is attached hereto and incorporated herein by reference, with PFM Asset Management, LLC to provide various services for the Department of Finance.
Section 2 - That an amount, not to exceed the sum of $12,500.00, be and hereby is approved for payment to PFM Asset Management, LLC, from account # 1101-202101-71202, pursuant to the terms of the agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________...
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