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ITEM: |
CONSENT
CALENDAR |
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13. |
CONSIDER APPROVAL OF THIRD QUARTER FISCAL YEAR 2009-10 INVESTMENT
REPORT |
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Meeting
Date: |
May 17, 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 May 7, 2010 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
13-A is the report for the quarter ending March 31, 2010. 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 May 7, 2010 meeting and voted 3 to 0 to recommend approval.
13-A Investment Report as of March 31, 2010
U:\staff\word\boardpacket\2010\20100517\ConsentCal\13\item13.doc