HomeMy WebLinkAboutMINUTES - 02111986 - 1.55 'ro: BOARD OF SUPERVISORS
FROM: Phil Batchelor, County Administrator ClJl lira
DATE: January 30, 1986 C )sLC1^_- _fty
SUBJECT: County Treasurer' s Report on Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(.S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of the Treasurer--Tax Collector' s statement
of investment policy filed with the Board of Supervisors pursuant
to Section 53646(a) of the Government Code, as amended by SB 115
(Chapter 1526, Statutes of 1985) .
BACKGROUND:
Previous law has required the County Treasurer annually to file
with the Board of Supervisors a statement of investment policy.
This requirement was amended and restated in SB 115 during the
last session of the Legislature. The requirement now specifies
that "the Treasurer or Chief Fiscal Officer shall annually render
to the legislative body of the local agency a statement of
investment policy" .
The Treasurer--Tax Collector has complied with this requirement
by filing the attached statement of his investment policy with
the Board of Supervisors. The Board is not required to approve
or otherwise act on the policy other than to acknowledge its
receipt.
X
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON February 11 , 1986 APPROVED AS RECOMMENDED OTHER _
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ASSENT �^ AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISOR ON THE DATE SHOWN..
CC: County Administrator ATTESTED
County Treasurer �-
PHIL BATCHELOR. CLER OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 ,DEPUTY