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SAVE THE DATE
WEDNESDAY, JUNE 15 Conference Business Meeting Hilton Lisle/Naperville WEDNESDAY, JULY 13 Annual Golf Outing Bartlett Hills Golf Club Bartlett |
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Please enjoy the June issue of In Brief.
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JUNE CONFERENCE BUSINESS MEETING
Registration is open for the June Conference Business Meeting. Prescient Solutions will be discussing cloud computing and why you might want to consider using the cloud.The meeting is Wednesday, June 15 at 6:00 p.m. at the Hilton Lisle/Naperville. Reservations are required and must be made by Friday, June 10. Cancellations after this date and no shows will be charged in full. For more information, visit the DMMC website or contact Kim Sumner, Member Services and Communications Manager. |
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GOLF OUTING IS JUST AROUND THE CORNER!
The 2011 Golf Outing will be held Wednesday, July 13 at the Bartlett Hills Golf Club. Click here to register yourself or your foursome. Join us for a day on the links, or for dinner and raffle prizes! Sponsorship opportunities are available! Contact Kim Sumner for more information. |
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2011-2012 BOARD OF DIRECTORS INDUCTED
The Conference inducted Burr Ridge Mayor Gary Grasso as its President at the Annual Dinner and Recognition Ceremony held in Burr Ridge on Friday, May 20. In addition to Mayor Grasso, Hanover Park President Rodney Craig was inducted as Vice President and Burr Ridge Administrator Steve Stricker was inducted as Secretary/Treasurer. For a complete list of our 2011-2012 Board of Directors, please visit the DMMC website. We are looking forward to the 2011-2012 year! |
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STP WORKSHOP
The 2011 STP Workshop will be held on Wednesday, June 22 from 8:00 to 10:30 a.m. at the Lombard Village Hall. This workshop will provide project sponsors with application forms and information on using DuPage Council STP funds. The cost for members or their representatives is $10. The cost for non-members is $20. Registration must be completed by Wednesday, June 15. Cancellations after June 15 will be billed in full. For more information, contact Tam Kutzmark, Transportation and Planning Director. |
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MEMBERS LOBBY TO PROTECT MUNICIPAL REVENUES
From left to right: Mayor Bob Iden, Mayor Larry Hartwig, Mayor Gayle Smolinski, Manager Dave Cook and Mayor Rod Craig traveled to Springfield to protect municipal revenues. Thank you to all our members for traveling to Springfield, contacting your legislators, writing letters and working hard to ensure a successful outcome with the Local Government Distributive Fund.
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SEMINAR FOR PPP
The Conference is a co-sponsor of It's Not Privatization: Implementing Partnerships in Illinois, an upcoming seminar on Public-Private Partnerships. Organized by the National Council for Public-Private Partnerships and the Chicagoland Chamber of Commerce, this workshop will cover: the fundamentals of PPPs and the keys to success; Illinois legislative environment in support of PPPs; Case studies of successful projects and lessons learned; Development of RFPs and how to use a Public Cost Comparator; Innovative financing techniques for all types of projects; and Long-term public sector management of PPPs. The workshop will be held on Friday, June 24 at the Hyatt Lodge in Oak Brook. For more information or to register, visit www.ncppp.org. |
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SUSTAINABILITY SEMINAR OFFERED BY ICLEI
ICLEI - Local Governments for Sustainability is hosting a workshop on Sustainability Plans that Work on Friday, June 24 from 9 a.m. to 1 p.m. at the CMAP office. The cost is $50, or free to ICLEI members. This workshop is geared toward local government professionals, including sustainability staff, city planners, public works staff, environmental staff and economic development specialists. For more information, contact Meagan Chuckran in ICLEI's Midwest Regional Office at (312) 377-6675. |
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CORPORATE PARTNERS UPDATE
The DMMC Corporate Partners program provides an opportunity for participation by organizations that share a common commitment to the well-being of DuPage County municipalities. Corporate Partners gain high visibility among member communities through such means as meetings, workshops, publications, annual events, and sponsorship opportunities. For more information on the Corporate Partners program, contact Suzette Quintell, Operations Director, at (630) 571-0480, ext. 227 or visit the DMMC website. |
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IMET MONTHLY UPDATE
IMET's 1-3 Year Fund produced a net one month return of .32 percent as of April 30, 2011 (3.84 percent annualized), and a net one-year return of 1.57 percent as of April 30. Gross of fees, IMET's return since inception out-performed its benchmark, the Barclay's 1-3 Year Government Bond Index, with a gross since inception return of 4.73 percent compared to 4.69 percent for the benchmark. IMET's gross of fees one-year return was 1.85 percent as of April 30, 2011.
IMET continues to provide a solid source for diversification with enhanced returns over time for operating and reserve portfolios of Illinois public agencies.
The Convenience Fund provided participants with a blended average daily yield of .32 percent for the month of April. IMET's Convenience Fund minimum rate guarantee through December 31, 2012, is equal to the high end of the fed funds rate. IMET's CVF is a fully collateralized (110%) or FDIC Insured, short-term money market instrument, which provides liquidity, yield, safety and diversification.
IMET's CVF current rate is a blended rate consisting of the fed funds rate and a fixed income rate. The blended daily CVF rate is posted on IMET's website and is updated daily. |
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Founded in 1962, the DuPage Mayors and Managers Conference is a council of municipal governments representing over 1,000,000 people. A coalition of cities and villages, the Conference works to voice municipal concerns on local, regional, state, and national issues. It also serves its members and the region by fostering intergovernmental cooperation. The Conference is a not-for-profit organization supported by membership dues and grants.
(c) 2011 DuPage Mayors and Managers Conference |
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