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ITEM: |
CONSENT
CALENDAR |
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5. |
CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2010-2011 INVESTMENT
REPORT |
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Meeting
Date: |
February 24, 2011 |
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 February 16, 2011 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
5-A is the report for the quarter ending
September 30, 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 February 16, 2011 meeting and voted 3 to 0 to recommend approval.
5-A Investment Report as of September 30, 2010
U:\staff\word\boardpacket\2011\20110224\ConsentCal\05\item5.doc