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ITEM: |
CONSENT
CALENDAR |
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8. |
CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2007-08 INVESTMENT
REPORT |
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Meeting
Date: |
February 28, 2008 |
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 February 20, 2008 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 8-A is the report for the quarter ending December
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
8-A Investment Report as of December 31, 2007
U:\staff\word\boardpacket\2008\2008boardpackets\20080228\ConsentCal\08\item8.doc