HomeMy WebLinkAboutMINUTES - 09131988 - 1.95 1,- 995
To� BOARD OF SUPERVISORS
.a
FROM Contra
Phil Batchelor
County Administrator Ip (JoJICI
.DATE: August 23 , 1988 (J;o^
SUBJECT: County Investment Policy
;
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period July 1, 11988 through
July 31, 1988 from County Treasurer-Tax Collector,,; pursuant to
Government Code Section 53646, commenting on County investment
policy and identifying specific investments currently held by the
Treasurer.
BACKGROUND:
SB 115 (Chapter 1526, Statutes of 1985) became effective January
.1, 1986. SB 115 amended Government Code Section 536;'01, 53635 and
53646 relating to funds of local agencies toy require the
Treasurer to annually render a statement of investment policy to
the Board of Supervisors, and then to file a monthly report with
the County Administrator and Board of Supervisors detailing
investments made by the Treasurer.
The Treasurer has complied with the provisions of SB 115 . We
herewith transmit a copy of the monthly report as, of July 31,
1988. We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
_ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
U'
_ APPROVE OTHER
SIGNATURE(S): p
ACTION OF BOARD ON September 13, 1988 APPROVED AS RECOMMENDED h' OTHER
f
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS 1S A TRUE
UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES; Ni AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ONN` THE DATE
n SHOWN.
cc: County Administrator ATTESTED "E r l 3 1988
County Auditor-Controller
Count Treasurer-Tax Collector PHIL BATCHELOR, CLERK OF THE BOARD OF
County SUPERVISORS AND COUNTY ADMINISTRATOR
BY ) DEPUTY
M382/7-83