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FINANCE
AND ADMINISTRATION COMMITTEE |
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ITEM: |
ACTION ITEM |
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5. |
CONSIDER APPROVAL OF SECOND QUARTER FISCAL YEAR 2022-2023 INVESTMENT
REPORT |
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Meeting
Date: |
February 6, 2023 |
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 Finance and Administration Committee considered this item on February 6, 2023 and recommended _____________. |
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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 5-A is the report for the quarter ending December 31, 2022. 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 also in compliance with the California Government Code, and the permitted investments of Monterey County.
RECOMMENDATION: The Finance and Administration Committee should recommend that the Board approve the Second Quarter Fiscal Year 2022-2023 Investment Report.
5-A Investment Report as of December 31, 2022
U:\staff\Board_Committees\FAC
prev Admin\2023\20230206\05\Item-5.docx