HomeMy WebLinkAboutMINUTES - 07072015 - C.32RECOMMENDATION(S):
DECLARE vacant the County, School Districts and Community College District seat on the Treasury Oversight
Committee held by Christopher Learned, who resigned effective June 30, 2015, and DIRECT the Clerk of the Board
to post the vacancy.
FISCAL IMPACT:
No fiscal impact.
BACKGROUND:
The purpose of the Treasury Oversight Committee is to review the County's investment policy, regularly monitor the
County Investment Pool's performance, and report on the pool's performance to the Board of Supervisors. The
membership of seven comprises: (1) One representative (or Member) appointed by the Board of Supervisors; (2) The
County Superintendent of Schools, or his or her designee; (3) One representative selected by a majority of the
presiding officers of the governing bodies of the school districts and the community college district in the County; (4)
One representative selected by a majority of the presiding officers of the legislative bodies of the special districts in
the County that are required or authorized to deposit funds in the County Treasury; and (5-7) three members of the
public, a majority of whom shall have expertise in, or an academic background in, public finance and who shall be
economically diverse and bipartisan in political registration. (May have no fewer than three nor more than 11
members, additional restrictions are on members).
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 07/07/2015 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
ABSENT:Federal D. Glover, District V
Supervisor
Contact: Russell Watts (925)
957-2888
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors
on the date shown.
ATTESTED: July 7, 2015
, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc: Treasurer-Tax Collector
C. 32
To:Board of Supervisors
From:Russell Watts, Treasurer-Tax Collector
Date:July 7, 2015
Contra
Costa
County
Subject:DECLARE A VACANCY ON THE TREASURY OVERSIGHT COMMITTEE
BACKGROUND: (CONT'D)
Christopher Learned, who held the County, School Districts and Community College District seat on the Treasury
Oversight Committee for six years, announced his retirement and resignation from the Committee effective June 30,
2015. Nominees to the County, School Districts and Community College District seat are selected by a majority of
the presiding officers of the governing bodies of the school districts and the community college district in the County.
The new nomination will be brought to the Board's Internal Operations Committee for review and recommendation
to the Board of Supervisors.
CONSEQUENCE OF NEGATIVE ACTION:
Failure to declare the vacancy before making a new appointment will cause the County to be out of compliance with
State law.