3.C.
Employee Benefit Trust Board Meeting
- Meeting Date:
- 09/08/2021
- Department Head:
- Maria Munoz
- Submitted By:
- Maria Munoz, HR Benefits Coordinator, Human Resources Department
ITEM:
Discussion and possible action on any and all matters regarding the implementation of an investment strategy for Trust funds. (Monica Castro, Director of Finance)
SUMMARY:
The current Trust fund status is healthy with $4,000,000 currently available in funds.
Under section 3.08 Deposits and Investments of Agreement and Declaration of Trust For City of San Luis Employee Benefit Trust, any accumulated funds not currently required for the purposes of this Trust, shall be invested by the Trustees in reasonable secure, reasonable liquid investments.
Under section 3.08 Deposits and Investments of Agreement and Declaration of Trust For City of San Luis Employee Benefit Trust, any accumulated funds not currently required for the purposes of this Trust, shall be invested by the Trustees in reasonable secure, reasonable liquid investments.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO _________________________________________
Fiscal Impact
Fiscal Impact:
N/A