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ITEM: |
CONSENT
CALENDAR |
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7. |
CONSIDER APPROVAL OF FOURTH
QUARTER INVESTMENT REPORT |
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Meeting
Date: |
August 16, 2004 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Rick
Dickhaut |
Cost Estimate: |
N/A |
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General Counsel Approval: |
N/A |
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Committee Recommendation: |
The Administrative Committee reviewed this item at its August 5, 2004 meeting and recommended ____________. |
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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 7-A is the report for the quarter ending June 30, 2004. District staff has determined that these investments include sufficient liquid funds to meet anticipated expenditures for the next six months. This portfolio is in compliance with the current District investment policy, the California Government Code, and the permitted investments of Monterey County.
RECOMMENDATION: The Administrative Committee considered
this matter at its August 5, 2004 meeting and voted __ to __ to recommend
_________. This item will be approved,
if it is adopted with the Consent Calendar.
7-A Investment Report for the quarter ending June 30, 2004
U:\staff\word\committees\Admin\20040805\07\item7.doc