HomeMy WebLinkAboutMINUTES - 06071988 - 1.132 TO,
BOARD OF SUPERVISORS ���2
FRa�: Phil Batchelor G ltra
County Administrator C sI
DATE: May 24, 1988 CO J'
SUBJECT: County Investment Policy vim' "7�
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION-
Acknowledge receipt of report for period April 1, 1988 through
April 30, 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, 5363.5 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 April 30,
1988 . We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: YES SIGNATURE': LOCI,
_X_ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
_ APPROVE OTHER
S i GNATURE 1 S 1' �� —.,.
ACTION OF BOARD ON June 7, 1988 r,'PROVED AS RECOMMENDED X OTHER _
VOTE OF SUPERVISORS
I 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.
cc: County Administrator ATTESTED June 7 , 1988
Treasurer-Tax Collector PHIL BATCHELOR, CLERK OF THE BOARD OF
Auditor-Controller SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY ,DEPUTY
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