Consent 4.
Regular Board of Supervisors Meeting
County Treasurer
- Meeting Date:
- 01/10/2017
- Title:
- Authorizing the County Treasurer to Open Accounts with Qualified Investors Resolution
- Submitted By:
- Pam Munsey, County Treasurer
- Department:
- County Treasurer
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
1
NAME
of PRESENTER:
of PRESENTER:
Catherine L. Traywick
TITLE
of PRESENTER:
of PRESENTER:
Treasurer
Mandated Function?:
Federal or State Mandate
Source of Mandate
or Basis for Support?:
or Basis for Support?:
A.R.S. 35-323 and 323.01
Docket Number (If applicable):
Information
Agenda Item Text:
Adopt Resolution 17-01 authorizing the County Treasurer to open accounts with qualified investors in accordance with A.R.S 35-323 and 323.01.
Background:
In accordance with A.R.S. 35-323 and 323.01 County Treasurer shall establish and manage a list of qualified investors for the purpose of making investments and reinvestments of public monies and to open accounts with approved investors.
Department's Next Steps (if approved):
If approved, sign and record the Resolution; send copy to Catherine L. Traywick, Cochise County Treasurer.
Impact of NOT Approving/Alternatives:
Out dated investors list and out of compliance with A.R.S. 35-323 and 323.01.
To BOS Staff: Document Disposition/Follow-Up:
If approved, sign and record the Resolution; send copy to Catherine L. Traywick, Cochise County Treasurer.
Fiscal Impact
- Fiscal Year:
- One-time Fixed Costs? ($$$):
- Ongoing Costs? ($$$):
- County Match Required? ($$$):
- A-87 Overhead Amt? (Co. Cost Allocation $$$):
- Source of Funding?:
Fiscal Impact & Funding Sources (if known):
County Treasurer to establish list of qualified investors in a manner that safely preserves public monies and to open accounts with approved investors.