ADMINISTRATIVE COMMITTEE

 

8.

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

 

Meeting Date:

February 15, 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 February 15, 2017 and recommended _____________.

CEQA Compliance:No CEQA Required

 

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 8-A is the report for the quarter ending December 31, 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 February 15, 2017 meeting and voted _ to _ to recommend ___________.

 

EXHIBIT

8-A††††† Investment Report as of December 31, 2016

 

 

 

 

 

 

 

U:\suresh\Staff Notes\AdCom\2017\2nd Qtr Investment Report FY2016-2017.docx