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FINANCE
AND ADMINISTRATION COMMITTEE |
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ITEM: |
ACTION
ITEM |
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4. |
CONSIDER APPROVAL OF THE THIRD QUARTER FISCAL YEAR 2023-2024 INVESTMENT
REPORT |
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Meeting
Date: |
May 13, 2024 |
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: |
Nishil
Bali |
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 May 13, 2024 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 4-A is the report for the quarter ending March 31, 2024. District staff has determined that these investments do include sufficient liquid funds to meet anticipated expenditures for the next six months and that 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 Third Quarter Fiscal Year 2023-2024 Investment Report.
4-A Investment Report as of March 31, 2024.
U:\staff\Board_Committees\FAC prev Admin\2024\051324\Action Items\04\Item-4.docx