ITEM:

CONSENT CALENDAR

 

5.

CONSIDER APPROVAL OF FOURTH QUARTER FISCAL YEAR 2018-2019 INVESTMENT REPORT

 

Meeting Date:

October 21, 2019

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 October 14, 2019 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 5-A is the report for the quarter ending June 30, 2019.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 the Board receive and approve the Fourth Quarter Fiscal Year 2018-2019 Investment Report

 

EXHIBIT

5-A††††† Investment Report as of June 30, 2019

 

 

 

 

 

 

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