HomeMy WebLinkAboutMINUTES - 03031987 - 1.65 TO BOARD OF SUPERVISORS ��D
FROM: Phil Batchelor Contra
County Administrator Costa
DATE'. February 23 , 1987 County
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period January 1, 1987 through
January 31, 1987 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 January 31,
1987 . 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 : fat l6l Z&0O
ACTION OF BOARD ON r1arc 3, 87 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
1 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 SUPERVION THE DATE SHOWN.
lvy&,c� 3
CC: County Administrator ATTESTED _
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County Treasurer PHIL BATCHELOR, CLERK OF THE BOARD OF
County Auditor. SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY ,DEPUTY