HomeMy WebLinkAboutMINUTES - 05121987 - 1.55 To BOARD OF SUPERVISORS
FROM: Phil Batchelor Contra
County Administrator
Costa
DATE: May 1, 1987 County
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(_S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period March 1, 1987 through
March 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 March 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):
ACTION OF BOARD ON MSV 1?r 1987 APPROVED AS RECOMMENDED OTHER i
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT ___Z___ AND CORRECT COPY OF AN ACTION TARN
AYES; NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED _ MAY 12 1987
County Auditor-Controller
PHIL BATCHELOR, CLERK OF THE BOARD OF
County Treasurer-Tax Collector
SUPERVISORS AND COUNTY ADMINISTRATOR
BY� DEPUTY
M382/7-83