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| DATE:
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2/19/2019 7:00:00 PM |
| SUBJECT: |
| Council Designation of First Northern Bank of Wyoming as an Additional Bank Depository for Public Funds of the City of Gillette for the Calendar Year 2019. |
| BACKGROUND: |
| At the first Council meeting in January of each year, the City of Gillette approves the banks within the State of Wyoming to be depositories for City funds for the year. For Calendar Year 2019, this was done on January 2, 2019. The City has since received one additional depository application from First Northern Bank of Wyoming. This designation will add First Northern Bank to the list of authorized depository banks for public funds for Calendar Year 2019, in addition to the seven other banks that were appointed on January 2, 2019. |
| SUGGESTED MOTION: |
| I move for the approval of the appointment of First Northern Bank as an authorized depository bank for public funds of the City of Gillette for the 2019 calendar year. |
| STAFF REFERENCE: |
| Michelle Henderson, Finance Director |
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