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FINANCE
AND ADMINISTRATION COMMITTEE |
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4. |
CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2024-2025 INVESTMENT
REPORT |
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Meeting
Date: |
November 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 reviewed this item on November 12, 2024 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 the investments held by the District. Exhibit 4-A is the report for the quarter ending September 30, 2024. District staff has determined that these investments include sufficient liquid funds to meet anticipated expenditures for the next six months and that this portfolio complies with the current District investment policy. Additionally, this portfolio is is in compliance with the California Government Code and the permitted investments of Monterey County.
RECOMMENDATION: The Finance and Administration Committee should recommend that the Board approve the First Quarter Fiscal Year 2024-2025 Investment Report.
4-A Investment Report as of September 30, 2024
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prev Admin\2024\111224\Action Items\04\Item-4.docx