HomeMy WebLinkAboutMINUTES - 04071987 - 1.62 To: BOARD OF SUPERVISORS
FROM: Phil Batchelor Contra
County Administrator Costa
DATE: March 25, 1987 County
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(.S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report. for period February 1, 1987 through
February 28, 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 February 28,
1987 . We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
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RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
SIGNATURE S C "�✓1
ACTION OF BOARD ON April 7, 1987 APPROVED AS RECOMMENDED OTHER _
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
XUNANIMOUS (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.
County Administrator APR 7 1987
cc: County Treasurer-Tax Collector ATTESTED
County Auditor-Controller PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY 'DEPUTY