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ITEM: |
CONSENT
CALENDAR |
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6. |
CONSIDER APPROVAL OF SECOND QUARTER INVESTMENT REPORT |
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Meeting
Date: |
March 21, 2005 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Rick
Dickhaut |
Cost Estimate: |
N/A |
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General Counsel Approval: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on March 11, 2005 and recommended approval. |
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CEQA Compliance: N/A |
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SUMMARY: The District’s investment policy requires
that each quarter the Board of Directors receive and approve a report of
investments held by the District. Exhibit 6-A is the report for the quarter ending
December 31, 2004. District staff has
determined that these investments include sufficient liquid funds to meet
anticipated expenditures for the next six months. This portfolio is in compliance with the
current District investment policy, the California Government Code, and the
permitted investments of
RECOMMENDATION: The Administrative Committee considered this
matter at its March 11, 2005 meeting and voted 3 to 0 to recommend
approval. This item will be approved if
it is adopted with the Consent Calendar.
6-A Investment Report for the quarter ending December 31, 2004
U:\staff\word\boardpacket\2005\2005boardpackets\20050321\ConsentClndr\06\item6.doc