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ITEM: |
CONSENT
CALENDAR |
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2. |
CONSIDER APPROVAL OF FOURTH QUARTER FISCAL YEAR 2010-11 INVESTMENT
REPORT |
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Meeting
Date: |
August 15, 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: |
Suresh
Prasad |
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 August 8, 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
2-A is the report for the quarter ending June
30, 2011. 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 August 8, 2011 meeting and voted 3 to 0 to recommend approval.
2-A Investment Report as of June 30, 2011
U:\staff\word\boardpacket\2011\20110815\ConsentCal\02\item2.docx