ADMINISTRATIVE COMMITTEE

 

7.

CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2016-2017 INVESTMENT REPORT

 

Meeting Date:

November 7, 2016

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 November 7, 2016 and recommended _____________.

CEQA Compliance:N/A

 

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 7-A is the report for the quarter ending September 30, 2016.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 November 7, 2016 meeting and voted _ to _ to recommend ___________.

 

EXHIBIT

7-A††††† Investment Report as of September 30, 2016

 

 

 

 

 

 

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