Consent-General Government # 14.
Board of Supervisors
Financial Services
- Meeting Date:
- 12/12/2017
- Brief Title
- Approve County Investment Policy for Calendar Year 2018
From:
Howard Newens, Chief Financial Officer, Department of Financial
Staff Contact:
Edward Burnham, Accounting Manager, Department of Financial Services, x8212
Supervisorial District Impact:
Subject
Approve the 2018 Investment Policy for the County. (No general fund impact) (Newens)
Recommended Action
Approve the 2018 Investment Policy for the County.
Strategic Plan Goal(s)
Operational Excellence
Reason for Recommended Action/Background
Government Code Section 53646 provides that the County Treasurer (presently Chief Financial Officer) 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 statement (Att. A - 2018 Investment Policy Clean Draft) was distributed to, and reviewed by, the Financial Oversight Committee during the November 14, 2017 meeting. The policy is now being submitted to the Board for approval.
Revisions are highlighted in (Att. B - 2018 Investment Policy Redlined Draft). There are currently no significant regulatory or legislative changes affecting the County's investment authority that are effective for the 2018 calendar year, therefore the changes to the policy are primarily for clarification and consistency purposes in the policy.
Revisions are highlighted in (Att. B - 2018 Investment Policy Redlined Draft). There are currently no significant regulatory or legislative changes affecting the County's investment authority that are effective for the 2018 calendar year, therefore the changes to the policy are primarily for clarification and consistency purposes 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, 2017 meeting. The Policy was also discussed and reviewed by the County's Investment Advisor, PFM.
Competitive Bid Process
N/A
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Financial Services | bporter | 11/29/2017 04:12 PM |
| County Counsel | Hope Welton | 11/29/2017 04:21 PM |
- Form Started By:
- eburnham
- Started On:
- 11/27/2017 02:01 PM
- Final Approval Date:
- 11/29/2017