ITEM:

CONSENT CALENDAR

 

3.

CONSIDER APPROVAL OF FOURTH QUARTER 2004-05 INVESTMENT REPORT

 

Meeting Date:

September 19, 2005

Budgeted:

N/A

 

From:

David A. Berger,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

 

Rick Dickhaut

Cost Estimate:

N/A

General Counsel Approval:N/A

Committee Recommendation: The Administrative Committee reviewed this item on September 6, 2005 and recommended approval.

CEQA Compliance:N/A

 

SUMMARY:The Districtís investment policy requires that each quarter the Board of Directors receive and approve a report of investments held by the District. Exhibit 3-A is the report for the quarter ending June 30, 2005.District staff has determined that these investments include sufficient liquid funds to meet anticipated expenditures for the next six months.This portfolio is in compliance with the current District investment policy, the California Government Code, and the permitted investments of Monterey County.

 

RECOMMENDATION: The Administrative Committee considered this item at its September 6, 2005 meeting and voted 3 to 0 to recommend approval.

 

EXHIBIT

3-A††††† Investment Report as of June 30, 2005

 

 

 

 

 

 

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