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ITEM: |
CONSENT
CALENDAR |
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9. |
CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2012-13 INVESTMENT
REPORT |
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Meeting
Date: |
February 27, 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 considered this item on February 20, 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 9-A is the report for the quarter ending December 31, 2012. District staff has determined that these investments do include sufficient liquid funds to meet anticipated expenditures for the next six months and as a result this portfolio is 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 February 20, 2013 meeting and voted 3 to 0 to recommend approval.
9-A Investment Report as of December 31, 2012
U:\staff\Boardpacket\2013\20130227\Consent\09\item9.docx