Consent-General Government # 30.
Board of Supervisors
Financial Services
- Meeting Date:
- 12/03/2024
- Brief Title
- Approve County Investment Policy for Calendar Year 2025
From:
Tom Haynes, Chief Financial Officer, Department of Financial Services
Staff Contact:
Evis Morales, Deputy Chief Financial Officer, Department of Financial Services, x8050
Supervisorial District Impact:
Countywide
Subject
Approve the 2025 Investment Policy for the County. (No general fund impact) (Haynes/Morales)
Recommended Action
Approve the 2025 Investment Policy for the County.
Strategic Plan Goal(s)
 |
In Support of All Goals (Internal Departments Only) |
Reason for Recommended Action/Background
Government Code Section 53646 provides that the County Treasurer (part of the Chief Financial Officer responsibilities) may render to the Board of Supervisors and any oversight committee a statement of investment policy, which the Board shall review and approve at a public meeting. The attached policy (Attachment A) was distributed to and reviewed by the Financial Oversight Committee during the November 14, 2024 meeting. The policy is now being submitted to the Board for approval.
Proposed revisions to the Investment Policy are highlighted in Attachment B. There are currently no significant regulatory or legislative changes affecting the County’s investment authority that are effective for the 2025 calendar year; therefore, the only changes that were made were updating of dates that are referenced in the policy.
Proposed revisions to the Investment Policy are highlighted in Attachment B. There are currently no significant regulatory or legislative changes affecting the County’s investment authority that are effective for the 2025 calendar year; therefore, the only changes that were made were updating of dates that are referenced in the policy.
Collaborations (including Board advisory groups and external partner agencies)
The policy was reviewed by the Financial Oversight Committee during the November 14, 2024 meeting. The policy was also discussed and reviewed by the County's investment advisor, Public Financial Management (PFM).
Competitive Bid Process/Vendor Performance
Not Applicable.
Fiscal Impact
No Fiscal Impact
Fiscal Impact (Expenditure)
- Total cost of recommended action:
- $ 0
- Amount budgeted for expenditure:
- $ 0
- Additional expenditure authority needed:
- $ 0
- One-time commitment:
- Yes
Source of Funds for this Expenditure
- General Fund
- $0
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Tom Haynes | Tom Haynes | 11/22/2024 03:37 PM |
| Financial Services | mrobertson | 11/22/2024 03:40 PM |
| County Counsel | Hope Welton | 11/22/2024 03:56 PM |
| Cindy Perez | Cindy Perez | 11/22/2024 04:01 PM |
- Form Started By:
- Evis Morales
- Started On:
- 10/15/2024 04:51 PM
- Final Approval Date:
- 11/22/2024