ITEM:

CONSENT CALENDAR

 

10.

CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2019-2020 INVESTMENT REPORT

 

Meeting Date:

February 19, 2020

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 13, 2020 and recommended approval on a 3 – 0 vote.

CEQA Compliance:  This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

 

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 10-A is the report for the quarter ending December 31, 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:  District staff recommends the Board receive and approve the Second Quarter Fiscal Year 2019-2020 Investment Report.

 

EXHIBIT

10-A    Investment Report as of December 31, 2019

 

 

 

 

 

 

 

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