HomeMy WebLinkAboutMINUTES - 12131994 - S.5 TO: BOARD OF SUPERVISORS ----- Contra
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FROM: Mark DeSaulnier / Costa
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DATE: County
December 9, 1994 °s>
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SUBJECT: Request Report By Treasurer-Tax Collector
Regarding County's Investment Policies
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Request the Treasurer-Tax Collector to prepare a report of the county's investment
policies for presentation back to the Board of Supervisors within 30 days. The
report should include past practices, current investment portfolio, and strategies
or other considerations relative to future investments by the Treasurer-Tax
Collector in light of today's changing investment environment.
BACKGROUND
Because of the recent bankruptcy filing by Orange County because of its investment
practices regarding derivatives and local news articles regarding Contra Costa
County's investment portfolio in the derivatives market, it is timely to request
information from the Treasurer-Tax Collector on our entire investment program.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATUREES: _
ACTION OF BOARD ON December 13 1994 APPROVED AS RECOMMENDED X OTHER
Supervisor Bishop requested that early in January the County Treasurer-Tax Collector
arrange for a workshop for'the Board.on. the County's investments.
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 December 13 1994
County Treasuer-Tax Collector PHIL BATCHELOR,CLERK OF THE BOARD OF
County Auditor SUPERVISORS AND COUNTY ADMINISTRATOR
County Counsel
M382 (10/88) BY ,DEPUTY