ITEM:

CONSENT CALENDAR

 

5.

CONSIDER APPROVAL OF THIRD QUARTER FY 2007-08 INVESTMENT REPORT

 

Meeting Date:

May 19, 2008

Budgeted:

N/A

 

From:

Darby Fuerst,

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 considered this item on May 13, 2008 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 5-A is the report for the quarter ending March 31, 2008.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 May 13, 2008 meeting and voted 3 to 0 to recommend approval.

 

EXHIBIT:

5-A††††† Investment Report as of March 31, 2008

 

 

 

 

 

 

 

 

U:\staff\word\boardpacket\2008\2008boardpackets\20080519\ConsentCal\05\item5.doc