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ITEM: |
CONSENT
CALENDAR |
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6. |
CONSIDER APPROVAL OF THIRD QUARTER FY 2006-07 INVESTMENT REPORT |
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Meeting
Date: |
May 21, 2007 |
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: |
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Cost
Estimate: |
N/A |
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General Counsel Approval: N/A |
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Committee Recommendation: The Administrative Committee considered this item on May 14, 2007 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 March 31, 2007. 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 item at its March 14, 2007 meeting and voted 2 to 0 to recommend approval.
6-A Investment Report as of March 31, 2007
U:\staff\word\boardpacket\2007\2007boardpackets\20070521\ConsentCal\06\item6.doc