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ITEM: |
CONSENT
CALENDAR |
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13. |
CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2013-2014 INVESTMENT
REPORT |
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Meeting
Date: |
February 13, 2014 |
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 12, 2014; action taken by the Committee will be reported at the February 13, 2014 Board meeting. |
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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 December 31, 2013. 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 Board should receive and approve the second quarter Fiscal Year 2013-2014 Investment Report.
13-A Investment Report as of December 31, 2013
U:\staff\Boardpacket\2014\20140213\ConsentClndr\13\item13.docx