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ITEM: |
CONSENT
CALENDAR |
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5. |
CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2012-2013 INVESTMENT
REPORT |
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Meeting
Date: |
January 30, 2013 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt, |
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 reviewed this item on January 18, 2013 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, 2012. District staff has determined that these investments do not include sufficient liquid funds to meet anticipated expenditures for the next six months; this portfolio is not in compliance with the current District investment policy. This portfolio is in compliance with the California Government Code, and the permitted investments of Monterey County.
RECOMMENDATION: The Administrative Committee considered this item at its January 18, 2013 meeting and voted 3 to 0 to recommend approval.
5-A Investment Report as of September 30, 2012
U:\staff\Boardpacket\2013\20130130\ConsentCal\05\item5.docx