ITEM:

CONSENT CALENDAR

 

13.

CONSIDER APPROVAL OF THIRD QUARTER FISCAL YEAR 2009-10 INVESTMENT REPORT

 

Meeting Date:

May 17, 2010

Budgeted:

N/A

 

From:

Darby Fuerst,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

 

Rick Dickhaut

Cost Estimate:

N/A

General Counsel Review:N/A

Committee Recommendation: The Administrative Committee considered this item on May 7, 2010 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 13-A is the report for the quarter ending March 31, 2010.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 7, 2010 meeting and voted 3 to 0 to recommend approval.

 

EXHIBIT

13-A††† Investment Report as of March 31, 2010

 

 

 

 

 

 

 

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