HomeMy WebLinkAboutMINUTES - 11291988 - 1.9 (3) TO: BOARD OF SUPERVISORS 1-090
FWM: Phil Batchelor lam. �Itra
County Administrator `.,J'`h7tGl
DATE'. November 8 , 1988
SUBJECT: /
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Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period September 1, 1988
through September 30, 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 September
30, 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
S 1 GNATURE(S 1:v ���[ �Z� ��
ACTION OF BOARD ON November 29, 1988 APPROVED AS RECOMMENDED 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 NOV 2 9 1988
Auditor-Controller PHIL BATCHELOR, CLERK OF THE BOARD OF
Treasurer-Tax Collector SUPERVISORS AND COUNTY ADMINISTRATOR
BY X1.1 ,DEPUTY
M382/7-83