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ITEM: |
CONSENT
CALENDAR |
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5. |
CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2008-2009 INVESTMENT
REPORT |
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Meeting
Date: |
January 29, 2009 |
Budgeted: |
N/A |
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From: |
Darby
Fuerst, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
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Cost
Estimate: |
N/A |
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General Counsel Approval: N/A |
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Committee Recommendation: The Administrative Committee considered this item on January 14, 2009 and recommended approval. |
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CEQA Compliance: N/A |
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SUMMARY: The District’s 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 September 30, 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
RECOMMENDATION: The Administrative Committee considered this item at its January 14, 2009 meeting and voted 3 to 0 to recommend approval.
5-A Investment Report as of September 30, 2008
U:\staff\word\boardpacket\2009\20090129\ConsentCal\05\item5.doc