HomeMy WebLinkAboutMINUTES - 12011987 - 1.127 TO BOARD OF SUPERVISORS
FROM: Phil Batchelor C ltra
County Administrator
Costa
DATE'. November 17 , 1987 CO �'
SUBJECT: County Investment Policy �'I "J�
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION: y
Acknowledge receipt of report for period September 1 , 1987
through September 30 , 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
1 , 1986. SB 1.15 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 September
30 , 1987. We will continue to file these reports with the Board
on a monthly basis.
CONTINUED ON ATTACHMENT: X YES SIGNATURE;
X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
S I GNATURE(S 1: n p
ACTION OF BOARD ON December 1 . 1987 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT Z"� ) AND CORRECT COPY OF AN ACTION TAKEN
AYES; IDES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED .- DEC 11$81'
County Treasurer PHIL BATCHELOR, CLERK OF THE BOARD OF
County Auditor SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY `J ��L(X�l��l,I� _,DEPUTY