HomeMy WebLinkAboutMINUTES - 10131987 - 1.38 1--038
'1'o: BOARD OF SUPERVISORS
FROM: Phil Batchelor �.�lJl ltd
County Administrator
DATE: October 1,. 1987
'Su9jECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period August 1, 1987 through
August 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, 5�3635 '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,
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
_APPROVE OTHER
S IGNATURE I S I: �,e16"
ACTION OF BOARD ON :October 13. 1907 _ APPROVED AS RECO14MENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
XUNANIMOUS (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 Admini strator ATTESTED _1.3 v( /
County Auditor-Controller. PHIL BATCHELOR. CLERK OF THE BOARD OF
County Treasurer-Tax Collector SUPERVISORS AND COUNTY ADMINISTRATOR
BY ,DEPUTY
M382/7-83 —