Res 69 - 281 Clarify 12/31/1967 Designation of Invested Village Funds'7:r
Village of Mendota Heights
Dakota County, Minnesota
RESOLUTION
RESOLUTION TO CLARIFY DECEMBER 31, 1967
DESIGNATION OF INVESTED VILLAGE FUNDS
Whereas, the Village Council of the Village of Mendota Heights
has been requested by the Village.: s•' accountants, Wilkerson,
Guthmann and Johnson to resolve the proper designation of the
Village's invested funds as of December 31, 1967;
NOW THEREFORE, IT IS HEREBY RESOLVED by the Village Council of
the Village of Mendota Heights, Minnesota, that the following
schedule is a proper analysis of the Village's invested funds
as of December 31, 1967.
General Fund - Designated
For, Parks and Recreation
Time Savings Certificates:
Certi-
Inter-
Cost Plus
ficate
Date
est
Interest
Bank Note
Number
Acquired
Rate
Available
American National -
St. Paul (1)
B 6978
8/11/66
5%
$11 270.00
American National -
St. Paul (2)
B 1621
12/19/63
5%
1 548.10
American National
St. Paul (3)
B 2524
8/21/64
5%
5 782.63
American National -
St. Paul (4)
B 2777
11/11/64
5%
3 430.73
Total
$
22 031.46
( 2 )
... ;:
T=ESTjV
=S (con
d _
MBER 31, 1967
Water and Sewer Ext. (N.E. Section)
Special Assessment and Improvement Project
Fund
Time Savings Certificates:
Certi-
Inter-
Cost Plus
ficate
Date
est
Interest
Bank Note Number
Acquired
Rate
Available
American National -
St. Paul (5) B 1622
12/19/63
5%
$ 14 106.25
Minnesota State -
St. Paul (6) 4155
2/10/67
5/
62 278.25
Total
$ 76 384.50
State Aid Road Projects Fund
Time Savings Certificate:
Certi-
Inter-
Cost Plus
ficate
Date
est
Interest
Bank Note Number
Acquired
Rate
Available
American National -
St. Paul (7) B 9286
4/12/67
5%
$ 85 258.45
Total
85 258.45
Interceptor Sewer Special
Assessment and Improvement Project Fund
Date Due
Bot to Par
Acquired Date
Yield Value
Cost
United States
Treasury
Bills 12/28/67 3/22/68
4.90%$540
000.00
533 752.50
United States
Treasury
Bills 12/28/67 6/24/68
5.46/ 655
000.00
637 217.84
Total
1 170 970.34
Total Investments - All Funds
1 354 644.75
jNY9SmM9=S (Cont -W
1�F;CFMBE 1. 1967 -
Notes:
1) Certificate number B 6978 earns interest every ninety days and was
acquired at an original cost of $10 600. Cost plus interest avail-
able includes interest earned to November 4, 1967. Prior to
October 10, 1966, this certificate earned interest at the rate of
4'y%.
2) Certificate number B 1621 earns interest every six months and was
acquired at an original cost of $1.300.00. Cost plus interest avail-
able includes interest earned to December 9, 1967. Prior to
October 101 1966, this certificate earned interest at the rate of
4 i%.
3) Certificate number B 2524 earns interest every twelve months and
was acquired at an original cost of $5 068.17. Cost plus interest
available includes interest earned to August 5, 1967. Prior to
October 10, 1966, this certificate earned interest at -the rate of
4'y%.
4) Certificate number B 2777 earns interest every twelve months and
was acquired at an original cost of $3 000.00. Cost plus interest
available includes interest earned to November 3, 1967.' Prior to
October 10, 1966, this certificate earned interest at the rate of
4'k%.
5) Certificate number B 1622 earns interest every nine months and was
acquired at an original cost of $12 000.00. Cost plus interest
available includes interest earned to September 1, 1967. Prior to
October 10, 1966, this certificate earned interest at the rate of
43-20%.
6) Certificate number 4155 earns interest every three months and was
acquired at an original cost of $60 000.00. Cost plus interest
available includes interest earned to August 10, 1968.
7) Certificate number B 9286 earns interest every ninety days and was
acquired at an original cost of $83 166.30. Cost plus interest
available includes interest earned to October 9, 1967.
Adopted this 18th day of November, 1969.
VILLAGE COUNCIL
VILLAGE MENDOTA H GHTS
By
Gam, Mayor