HomeMy WebLinkAboutMINUTES - 12061988 - 1.59 TD- BOARD OF SUPERVISORS ' 1-059
FROM: Phil Batchelor Cw.,�,,}, tra
County Administrator C )sta
DATE: November 18 , 1988 COJ*
SUBJECT• County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period October 1, 1988 through
October 31, 1988 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 October 31 ,
1988 . We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: YES SIGNATURE'
. X
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
SIGNATURE S
ACTION OF BOARD ON December 6, 1988 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
1 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 DEC 6 1988
County Auditor-Controller PHIL BATCHELOR. CLERK OF THE BOARD OF
County Treasurer SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY C.t/ ,DEPUTY