HomeMy WebLinkAboutMINUTES - 02281989 - 1.8 (2) ' TO: BOARD OF SUPERVISORS
Phil Batchelor 1. ., ' •, Contra
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FROM: County Administrator Costa
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February 13 , 1989 County
DATE: r'+------ �•1 w,
County Investment Policy
SUBJECT:
SPECIFIC REOUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Acknowledge receipt of report for period December 1, 1988 through
December 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 December 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): 2zag4z ��
ACTION OF BOARD ON February 28, 1989 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
�p 1 HEREBY CERTIFY THAT THIS IS A TRUE
n 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.
County Administrator FEB 2 8 1989
CC: County Treasurer-Tax Collector ATTESTED
County Audi tor-Control 1 er PHIL BATCHELOR,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382 (10/88)
BY (_// �� DEPUTY