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ADMINISTRATIVE
COMMITTEE |
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10. |
CONSIDER APPROVAL OF FOURTH QUARTER FISCAL YEAR 2020-2021 INVESTMENT
REPORT |
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Meeting
Date: |
September 13, 2021 |
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 September 13, 2021 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 June 30, 2021. 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 Administrative Committee should recommend that the Board approve the Fourth Quarter Investment Report for Fiscal Year 2020-2021.
10-A Investment Report as of June 30, 2021
U:\staff\Board_Committees\Admin\2021\20210913\10\Item-10.docx