HomeMy WebLinkAboutMINUTES - 05031988 - 1.62 -662
TO BOARD OF SUPERVISORS
FROM: Phil Batchelor C;o itra
County Administrator
Costa
DATE April 20, 1988 � /
SUBJECT: County Investment. Policy ��1
SPECIFIC REQUEST(S) OR RECCMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge receipt of report for period March 1, 1988. through
March 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
53.646 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,
1988 . We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
_ APPROVE OTHER /
SIGNATURE(S): � M
ACTION OF BOARD ON May 3, _T_98_8-__.
, 'AE(PROVED AS RECC#iAMENDED 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 SUPERVISORS ON THE DATE SHOWN.
MAY 3 1988
cc: County Administrator ATTESTED
Count Auditor
Y PHIL BATCHELOR, CLERK OF THE BOARD OF
County Treasurer SUPERVISORS AND COUNTY ADMINISTRATOR
•
��.IASZ ,DEPUTY
M382/7-83 BY —