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TO: BOARD OF SUPERVISORS 3-ops
F Phil Batchelor Contra
County Administrator
Costa
DATE: August 27, 1987 C;o �'
SUBJECT: County Investment Policy v u' "�
SPECIFIC REQUEST(S) OR RECOMMENDATION S) & BACKGROUND AM JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period July 1, 1987 through
July 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
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 July 31,
1987. We will continue to file these reports with the Board on a
monthly basis.
CONT 1 NUED ON ATTACHMENT: YES SIGNATURE:
X_ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON September 8, 1987 Y"SPROVED AS RECOMMENDED OTHER _
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
X 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 8 587
County Auditor-Controller PHIL BATCHELOR, CLERK OF THE BOARD OF
County Treasurer-Tax Collector SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY__e DEPUTY