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To- BOARD OF SUPERVISORS ^,,,,,+
FROM Phil Batchelor lJla
County Administrator C ..� Il sta
DATE: December 29, 1988 CCU*
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period November 1, 1988 through
November 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 November 30 ,
1988 . We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: x YES SIGNATURE: �.
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON ,lanuary ln- 19p9 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
JAN 10 1989
County Treasurer-Tax Collector PHIL BATCHELOR, CLERK OF THE BOARD OF
County Auditor-Controller SUPERVISORS AND COUNTY ADMINISTRATOR
BY. �P DEPUTY
M382/7-B3