HomeMy WebLinkAboutMINUTES - 04041989 - 1.6 (2) 1-004
TO:' BOARD OF SUPERVISORS �E_s...,L_o�
Phil Batchelor1 Contra
s.
FROM: County Administrator
n: Costa
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March 22, 1989w.•:.,,: �� County
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DATE: STA 4cf U
SUBJECT: County Investment Policy,
SPECIFIC REOUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Acknowledge receipt of report for period February 1, 1989 through
February 28, 1989 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 February 28,
1989. 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
//wI
SIGNATURE(S): 6'1) 1q�,64
ACTION OF BOARD ON April 4, 1989 APPROVED AS RECOMMENDED >< OTHER
VOTE OF SUPERVISORS
I 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 APR 4 1989
Country Treasurer-Tax Collector ATTESTED
County Auditor-Controller PHIL BATCHELOR,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY DEPUTY
M382 (10/88) '