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Peter H. Mullen <br />Director, Administration and <br />Finance <br />Michael L. Vance <br />Chief Deputy Controller <br />December 6, 1978 <br />CITY of SOUTH BEND <br />PETER J. NEMETH, Mayor. <br />COUNTY CITY BUILDING SOUTH BEND, INDIANA 46601 <br />Members of the Council <br />4th floor Council Chambers <br />County -City Building <br />South Bend, IN 46601 <br />Dear Council Members: <br />219/284 -9483 <br />There will be presented for your approval at the December 11, 1978 meeting <br />a resolution authorizing the Controller of the City to invest idle funds. <br />As you may remember, this is a statutory step which must be taken every year <br />so that we may attempt to maximize our financial resources. <br />As recently printed in the South Bend Tribune, we have recently started a new <br />very agressive program where very short term investments allow us to maximize <br />our earnings and still meet our periodic financial obligations. <br />Your approval of the resolution is anticipated and appreciated. <br />Sincerely, <br />1VCLX Ue" <br />Michael L. Vance <br />Chief Deputy Controller <br />