HomeMy WebLinkAboutMINUTES - 07121988 - 1.109 TO: BOARD OF SUPERVISORS j'►') ��
FROM: Phil Batchelor C=tra
County Administrator Costa
DATE: June 23 , 1988 C
SUBJECT: County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Acknowledge receipt of report for period May 1, 1988 through
May 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 May 31,
1988 . We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: X YES SIGNATURE; LZ-a',el
X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
�&2
SIGNATURE i S : pp
ACTION OF BOARD ON July 12, 1900 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
�j 1 HEREBY CERTIFY THAT THIS IS A TRUE
X 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
County Auditor-Controller PHIL RATCHEFOR, CLERK OF THE BOARD OF
County Treasurer-Tax Collector SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY e.. DEPUTY