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ITEM: |
CONSENT
CALENDAR |
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10. |
CONSIDER APPROVAL OF FIRST QUARTER FISCAL YEAR 2017-2018 INVESTMENT
REPORT |
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Meeting
Date: |
December 11, 2017 |
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 December 5, 2017 and recommended approval. |
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CEQA Compliance: This action does not constitute a project as defined by
the California Environmental Quality Act Guidelines Section 15378. |
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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 10-A is the report for the quarter ending September 30, 2017. 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 December 5, 2017 meeting and voted 3 to 0 to recommend approval.
10-A Investment Report as of September 30, 2017
U:\staff\Boardpacket\2017\20171211\ConsentClndr\10\Item-10.docx