HomeMy WebLinkAboutMINUTES - 12011987 - 1.114 TO: BOARD OF SUPERVISORS
FROM: Phil Batchelor
Contra
County Administrator /V��
DATE: 1 .�
November 18 , 1987 V
SUBJECT:
County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Acknowledge receipt of report for period October 1, 1987 through
October 31 , 1987 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
11 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 October 31 ,
1987. We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: X YES SIGN(A�TURE:
X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE /J n �[OTHER
SIGNATURE( 1: 11'MI/NC- / 1//-
ACTION OF BOARD ON _ Dprember 1Q87 AT`PROVED AS RECOW4SNDED OTHER _
VOTE OF SUPERVISORS
1 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 _ DEC 1.1981
County Treasurer PHIL BATCHELOR. CLERK OF THE BOARD OF
County Auditor SUPERVISORS AND COUNTY ADMINISTRATOR
BY�/L� DEPUTY '
M382/7-83' —