HomeMy WebLinkAboutMINUTES - 06031986 - 1.104 -104
. TO BOARD OF SUPERVISORS
FROM: Phil Batchelor ,,..,^ +
County Administrator l�,l 'tr
DATE;
May 21, 1986 Costa sta
SUBJECT: County Investment Policy
SPECIFIC REQUESTS) OR RECOMMENDATION(_S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period 4-1-86 through 4-30-86
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 April 30,
1986 . 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):
ACTION OF BOARD ON June 3, 1986 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
X -moi 1 HEREBY CERTIFY THAT THIS IS A TRUE
1 ` 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
County Treasurer
County Auditor PHI BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M BY �' ('� P,�/� DEPUTY
382/7-83