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ITEM: |
CONSENT
CALENDAR |
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5. |
CONSIDER APPROVAL OF THE SECOND QUARTER FISCAL YEAR 2023-2024 INVESTMENT
REPORT |
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Meeting
Date: |
February 12, 2024 |
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: |
Nishil
Bali |
Cost Estimate: |
N/A |
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General Counsel Review: N/A |
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Committee Recommendation: The Finance and Administration Committee considered this item on February 5, 2024 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 5-A is the report for the quarter ending December 31, 2023. 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 also in compliance with the California Government Code and the permitted investments of Monterey County.
RECOMMENDATION: The Finance and Administration Committee recommends that the Board approve the Second Quarter Fiscal Year 2023-2024 Investment Report.
5-A Investment Report as of December 31, 2023.
U:\staff\Boardpacket\2024\02122024\Consent
Calendar\05\Item-5.docx