HomeMy WebLinkAboutMINUTES - 03151988 - 1.52 To BOARD OF SUPERVISORS lM
FROM: Phil Batchelor . C Itra
County Administrator
DATE: March 4 , 1988
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SUBJECT:
County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION S) & BACKGROUND AND )UST.IFICATION
RECOMMENDATION•
Acknowledge receipt of report for period January 1, 1988 through
January 31, 1988 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,
1988 . 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
APPROVE OTHER
S 1 GNATURE 1 S 1:
ACTION OF BOARD ON -----March1.5, 1988 A..: ?ROVED AS RECOMMEADED •X OTHER
VOTE OF SUPERVISORS
i HEREBY CERTIFY THAT THIS IS A TRUE
X UNANIMOUS (ABSENT 7r fJM CORRECT COPY OF AN ACTION TAKEN
AYES; NOES'._. _ AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE
1 SHOWN.
cc: County Administrator ATTESTED _ _ MAR 15 198,9
County Auditor-Controller
County Treasurer-Tax Collector PHIL BATCHELOR. CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY ,.- DEPUTY--