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HomeMy WebLinkAboutMINUTES - 12171991 - 1.123 «Td`• ' BOARD OF SUPERVISORS 1 �• F~ � Phil Batchelor, County Administrator I wtra Cx)sta DATE* December 17, 1991 C J* SUBJECT: Local Agency Investment Fund (LAIF) Accounts SPECIFIC REQUEST(S) OR RECOMMENDATION S) & BACKGROUND AND JUSTIFICATION RECOMMENDATION: 1 . Adopt ten ( 10) resolutions providing for the temporary investment of County self-insurance funds to LAIF accounts. 2. Authorize the. Treasurer-Tax Collector, to take the actions necessary to implement the investment of County self-insurance funds into LAIF accounts. FINANCIAL IMPLICATIONS: Investment of the. County' s self-insurance funds into LAIF accounts will earn a higher yield as compared to the regular Certificates of Deposit that are now being purchased. BACKGROUND: The Local Agency Investment Fund in the State Treasury was created for the deposit. of money of local agencies for purposes of investment by the State Treasurer which currently yields a much higher interest than the Certificate of Deposit. It is in the best interest of the County to deposit the self-insurance trust fund monies into accounts set up for the purpose of investment into the Local Agency Investment Fund. Pursuant to Resolution No. 77/107 authorizing investment of County monies in the Local Agency Investment Fund, the State of California requires individual resolutions for each account set up for purposes of investment into the fund. Accounts have been set up as follows: 1. County Workers ' Compensation Self-insurance Account 2. County Workers' Compensation Self-insurance Actuarial Confidence Level Account (CWCSIACL) (County Workers' Compensation Funds are divided into two accounts because the maximum amount that can be in one account is $15 million. ) CONTINUED ON ATTACHMENT: X YES SIGNATURE; 1 RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEN AT ON JJ BOA D OMMITTEE APPROVE OTHER SIGNATURE S : ACTION OF BOARD ON DEL; 17 1991 APPROVED AS RECOMMENDED X., OTHER VOTE OF SUPERVISORS �j I 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. CAO Risk Management ATTESTED DEC 17 1991 cc: CAO Risk Management-Benefits Treasurer-Tax Collector PHIL BATCHELOR, CLERK OF THE BOARD OF SUPERVISORS AND COUNTY ADMINISTRATOR Auditor-Controller State Treasurer BY � ��/S DEPUTY M382/1-83 3 . The County Fire Districts ' Self-insurance Account This account includes Consolidated Fire District Workers ' Compensation Funds, Riverview Fire District Workers' Compensation Funds and Special District ,Property Damage Funds. 4. County Liability Self-insurance Account 5. County Liability Self-insurance Actuarial Confidence Level Account (CLSIACL) This account includes Public Liability and' Automobile Liability funds and is split into two accounts because of the $15 million maximum. 6. Medical Malpractice Insurance Account 7. County 1st Choice Health Insurance Account 8. Unemployment Insurance Account 9. County Self-funded Dental Account 10. Long Term Disability Account THE BOARD OF SUPERVISORS OF CONTRA COSTA COUN'T'Y, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote: AYES: Supervisors Fanden, Schroder , McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Resolution Authorizing ) Investment of County Workers' ) Compensation Self-insurance ) RESOLUTION NO. 91/834 Account Monies in Local Agency) Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Workers ' Compensation Self-insurance Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David 'Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Superviso on the date own. '' ATTESTED: Z7 Z 9 PHIL BATCHELOR,Clerk of the Board of Supervisors and County Administrator gy, q,X Deputv RESOLUTION NO. 91/834 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote- AYES: Supervisors Fanden, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN. None SUBJECT: Resolution Authorizing Investment of County Fire ) Districts' Self-insurance ) RESOLUTION NO. 91/ 835 Account Monies in Local Agency) Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429. 1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State! Treasurer;. and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of . the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT .RESOLVED that the Board of Supervisors does hereby authorize the deposit and- withdrawal of County Fire Districts ' Self-insurance Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment: as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa. Javier, Investment Offider, Beverly R.ellar, Accountant. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervis e Ah�� ATTESTED: �v PHIL BATCHELOR,Cierk of the Board of supervisors and County Administrator Bq - ------------- Deputy RESOLUTION NO. 91/835 1-123 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 , by the following vote: AYES: Supervisors Fanden, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Resolution Authorizing ) Investment of County Liability) Self-insurance Account Monies ) RESOLUTION NO. 91/ 836 in Local Agency Investment ) Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429. 1, was added to the California Government Code to create a Local Agency Investment . Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Liability Self-insurance- Account monies. in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section .16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify that this Is a true and correct copy of an action taken and entered on the minutes of the Board of Supervis on the date shown. ^� ATTESTED: piFp/Ylil�(J PHIL BATCHELOR,Clerk of the Board of Supervisors and County Administrator Deputy RESOLUTION NO. 91/ 836 �-1Z3 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote: AYES: Supervisors Fanden, McPeak, Schroder, Torlakson, Powers NOES: None ABSENT: None ABSTAIN None SUBJECT: Resolution Authorizing ) Investment of County Workers ' ) Compensation Self-insurance ) RESOLUTION NO. 91/ 837 Actuarial Confidence Level ) Account (CWCSIACLA) Monies in ) Local Agency Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976 , Section 16429. 1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board -of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance, with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board- of Supervisors does hereby authorize the deposit and withdrawal of County Workers ' Compensation Self-insurance Actuarial Confidence Level Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa. Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supero rs on the MA �d shown. may, ATTESTED: 9, /'7 1U PHIL BATCHELOR,Clerk of the Board ofSupervisorsand County Administrator Deputy RESOLUTION NO. 91/ 837 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote: AYES: Supervisors Fanden, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Resolution Authorizing ) Investment of County Liability) Self-insurance Actuarial ) RESOLUTION NO. __:91/8.3.8 Confidence Level Account ) (CLSIACLA) Monies in Local ) Agency Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429. 1, was added to the California Government Code to create a' Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the. provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein as in. the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Liability Self-insurance Actuarial Confidence Level Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supe ors on the to shown. ^` ATTESTED: I'I I I T d PHIL BATCHELOR,Clerk of the Board of Supervisors and County Administrator, gy ,Deputy RESOLUTION NO. 91J,_83R -123 THE THE BOARD OF SUPERVISORS OF CON'T'RA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17',.. 1991 by the following vote: AYES: Supervisors Fanden, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Resolution Authorizing ) Investment of Medical ) Malpractice Self-insurance ) RESOLUTION NO. 91/839 Account. Monies in Local ) Agency Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976 , Section 16429. 1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State: Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein as in the: best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Medical Malpractice Self-insurance Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. 1 hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of SIupervi on the dat shown. ATTESTED: � � � /Z /qcf PHIL BATCHELOR,Clerk of the Boaro of Supervisors and County Administrator Deputy RESOLUTION NO. 91/ 839 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUN'T'Y, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote- AYES: Supervisors Fanden, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Resolution Authorizing } Investment of County } 1st Choice Health Insurance ) RESOLUTION NO. 91/ 840 Account Monies in Local ) Agency Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County 1st Choice Health Insurance Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section .16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. J I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Superv' rs on the d e shown. �G� ATTESTED: r,,1q_191 PHIL BATCHELOR,Clerk of the Board of Su rvisors and County Administrator By - - ,Deputv RESOLUTION NO. 91/840 i THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote: AYES: Supervisors Fanden, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Resolution Authorizing . ) Investment of County ) Unemployment Insurance ) RESOLUTION NO. 91/841 Account Monies in Local ) Agency Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Unemployment Insurance Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify that this is a true and correct copy of an actiontaken a d entered on the minutes of the Board of Supery s on the da shown. ATTESTED: W=YM-A) _r/ Z PHIL BATCHELOR,Clerk of the Boafd Su rvia rs and County Administrator gy ,Deputy RESOLUTION NO. 91/841 1-123 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote: AYES: Supervisors Fanden, Schroder , McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN None SUBJECT: Resolution Authorizing } Investment of County ) Self-funded Dental Account ) RESOLUTION NO. 91/ 842 Monies in Local Agency ) Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429. 1, was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Self-funded Dental Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429. 1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P.. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervi s on the dat shown. a ATT8STED: / r PHIL BATCHELOR,Clerk of the Boar of Supervisors and County Administrator By . �( ,Deputy RESOLUTION NO. 91/842 �®�23 M THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 17 , 1991 by the following vote: AYES: Supervisors Fah.den, Schroder, McPeak, Torlakson, Powers NOES: None ABSENT: None ABSTAIN:None SUBJECT: Resolution Authorizing ) Investment of County ) Long Term Disability ) RESOLUTION NO. 91/843 Account Monies in Local ) Agency Investment Fund ) WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429. 1, was added to the California Government Code to create a Local . Agency Investment Fund in the State Treasury for the deposit of money- of local agencies for .purposes of investment by the State Treasurer; and WHEREAS, the Board of Supervisors does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein as in the best interest of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County Long Term Disability Account monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for the purposes of investment as stated therein. BE IT FURTHER RESOLVED that the following County officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Alfred P. Lomeli, Treasurer Tax Collector, David Dezell, Chief Investment Officer, Clarissa Javier, Investment Officer, Beverly Rellar, Accountant. I hereby certify the this Is a true and correct copy of an action taken entered o41;1n the minutes of the Board of Supervi o n the date own. ATTESTED: PHIL BATCHELOR,Clerk of the Board upervisors and county Administrator Deputy RESOLUTION NO. 91%843•