Approval Sheet

CITY OF GILLETTE
201 E. 5th Street
Phone (307)686-5200
CITY OF GILLETTE

www.gillettewy.gov

 
DATE: 1/2/2019 7:00:00 PM
SUBJECT:
Council Consideration for the Designation of Bank Depositories for Public Funds of the City of Gillette for the Calendar Year 2019.
BACKGROUND:
The City of Gillette annually approves the banks within the State of Wyoming to be depositories for City funds.  The banks have all reviewed and accepted the City's investment policy and have agreed to provide acceptable collateral for deposits and investments made by the City at their bank.  While not all of these banks currently hold City of Gillette Public Funds, this approval authorizes the City to invest with them should the opportunity arise.
ACTUAL COST VS. BUDGET:
SUGGESTED MOTION:
I move approval of the appointment of the following banks as authorized depository banks for public funds of the City of Gillette for the 2019 calendar year:  ANB Bank, The Bank of Gillette, First Interstate Bank, First National Bank, Pinnacle Bank, Security State Bank, US Bank NA.
STAFF REFERENCE:
Michelle Henderson, Finance Director
ATTACHMENTS:
Click to download
ANB Bank Depository Application 2019
The Bank of Gillette Depository Application 2019
First Interstate Bank Depository Application 2019
First National Bank Depository Application 2019
Pinnacle Bank Depository Application 2019
Security State Bank Depository Application 2019
US Bank NA Depository Application 2019