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ITEM: |
CONSENT
CALENDAR |
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11. |
CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2009-10 INVESTMENT
REPORT |
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Meeting
Date: |
March 15, 2010 |
Budgeted: |
N/A |
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From: |
Darby
Fuerst, |
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 Review: N/A |
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Committee Recommendation: The Administrative Committee considered this item on March 9, 2010 and recommended Board 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
11-A is the report for the quarter
ending December 31, 2009. 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
11-A Investment Report as of December 31, 2009
U:\staff\word\boardpacket\2010\20100315\ConsentCal\11\item11.doc