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ITEM: |
CONSENT
CALENDAR |
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11. |
CONSIDER APPROVAL OF FOURTH QUARTER FISCAL YEAR 2017-2018 INVESTMENT
REPORT |
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Meeting
Date: |
October 15, 2018 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Suresh Prasad |
Cost Estimate: |
N/A |
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General Counsel Review: N/A |
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Committee Recommendation: The Administrative Committee considered this item on October 8, 2018 and recommended approval. |
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CEQA Compliance: This action does not constitute a project
as defined by the California Environmental Quality Act Guidelines Section
15378. |
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SUMMARY: The District’s investment policy requires that each quarter the Board of Directors receive and approve a report on investments held by the District. Exhibit 11-A is the report for the quarter ending June 30, 2018. 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: Staff recommends approval of the Fourth Quarter Fiscal Year 2017-18 Investment Report.
11-A Investment Report as of June 30, 2018
U:\staff\Boardpacket\2018\20181015\11\Item-11.docx