HomeMy WebLinkAboutMINUTES - 09271988 - 1.68 TO: BOARD OF SUPERVISORS 1-068
FROM: Phil Batchelor Contra
County Administrator Costa
DATE: September 16, 1988 C;oU /
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period August 1, 1988 through
August 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 53601, 53635 and
53646 relating to funds of local agencies to 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 August 31,
1988 . We will continue to file these reports with .the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: _ YES SIGNATURE:
X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
SIGNATURE S :
ACTION OF BOARD ON September 27, 1988 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT �- AND CORRECT COPY OF AN ACTION TAKEN
AYES; NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
cc: County Administrator ATTESTED SEP 2 7 1988
County Auditor-Controller
County Treasurer-Tax Collector PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY_Z' ,DEPUTY
M382/7-83