ADMINISTRATIVE COMMITTEE

 

3.

CONSIDER APPROVAL OF THIRD QUARTER FISCAL YEAR 2005-06 INVESTMENT REPORT

 

Meeting Date:

May 2, 2006

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 May 2, 2006 and recommended ___________________.

CEQA Compliance:  N/A

 

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 3-A is the report for the quarter ending March 31, 2006.  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 2, 2006 meeting and voted __ to __ to recommend _______________.

 

EXHIBIT

3-A      Investment Report as of March 31, 2006

 

 

 

 

 

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