HomeMy WebLinkAboutMINUTES - 02231988 - 1.95 TO: BOARD OF SUPERVISORS
FROM: Phil Batchelor Contra
County Administrator CJtJJIa
DATE: February 3 , 1988COJ�/
SUBJECT: ' "�
County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND Alm JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period. December 1, 1987 through
December . 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 December 31 ,
1987. We will continue to file these reports with the Board on a
monthly basis.
v
CONTINUED ON ATTACHMENT: X� YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE S : OOOO
ACTION OF BOARD ON February 23, 1988 APPROVED AS RECOMMa-NDED OTHER
VOTE OF SUPERVISORS
I 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 FEB 2 3 1988_ _
Count Treasurer
.y PHIL BATCHELOR, CLERK OF THE BOARD OF
County Auditor SUPERVISORS AND COUNTY ADMINISTRATOR
BY
M382/7-83 'DEPUTY