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ITEM:
CONSENT CALENDAR |
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5. |
CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2016-2017 INVESTMENT
REPORT |
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Meeting
Date: |
November 14, 2016 |
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 November 7, 2016 and on a vote of 3 – 0 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 on investments held by the District. Exhibit 5-A is the report for the quarter ending September 30, 2016. 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 November 7, 2016 meeting and voted 3 to 0 to recommend approval of the investment report.
5-A Investment Report as of September 30, 2016
U:\staff\Boardpacket\2016\20161114\ConsentClndr\05\Item-5.docx