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ITEM: |
CONSENT
CALENDAR |
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7. |
CONSIDER APPROVAL OF SECOND QUARTER INVESTMENT REPORT |
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Meeting
Date: |
March 21, 2005 |
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: |
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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 on March 11, 2005 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 December 31, 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
RECOMMENDATION: The Administrative Committee considered this matter at its March 11, 2005 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 December 31, 2004
U:\staff\word\committees\Admin\2005\20050311\07\item7.doc