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ADMINISTRATIVE
COMMITTEE |
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10. |
CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2019-2020 INVESTMENT
REPORT |
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Meeting
Date: |
February
13, 2020
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Budgeted:
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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 February 13, 2020 and recommended _____________.
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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 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: The Administrative Committee considered this item at its February 13, 2020 meeting and voted _ to _ to recommend ___________.
10-A Investment Report as of December 31, 2019
U:\staff\Board_Committees\Admin\2020\20200213\10\Item-10.docx