HomeMy WebLinkAboutMINUTES - 09301986 - 1.45 TO: BOARD OF SUPERVISORS
FROM: Phil Batchelor Cwtra
County Administrator Costa
DATE: September 18, 1986
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Acknowledge receipt of report for period August 1, 1986 through .. -
August 31, 1986 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 198.5)_ 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 ,
1986 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 30, 1986 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
/ 1 HEREBY CERTIFY THAT THIS IS A TRUE
1 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 3 0 1986
County Treasurer -- --" - --
.County Auditor PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY
M382/7-83 � iL/, DEPUTY