ITEM:

CONSENT CALENDAR

 

10.

CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2017-2018 INVESTMENT REPORT

 

Meeting Date:

December 11, 2017

Budgeted:

N/A

 

From:

David J. Stoldt,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Suresh Prasad

Cost Estimate:

N/A

 

General Counsel Review:N/A

Committee Recommendation: The Administrative Committee considered this item on December 5, 2017 and recommended approval.

CEQA Compliance:This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

 

SUMMARY:The Districtís investment policy requires that each quarter the Board of Directors receive and approve a report on investments held by the District.Exhibit 10-A is the report for the quarter ending September 30, 2017.District staff has determined that these investments do include sufficient liquid funds to meet anticipated expenditures for the next six months and as a result this portfolio is in compliance with the current District investment policy.This portfolio is in compliance with the California Government Code, and the permitted investments of Monterey County. ††

 

RECOMMENDATION: The Administrative Committee considered this item at its December 5, 2017 meeting and voted 3 to 0 to recommend approval.

 

EXHIBIT

10-A††† Investment Report as of September 30, 2017

 

 

 

 

 

 

 

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