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File #: 24-0980    Version: 1 Name:
Type: Approval Status: Consent Agenda
File created: 10/21/2024 In control: Auditor-Controller
On agenda: 11/5/2024 Final action:
Title: Acceptance of September 30, 2024, Mendocino County Pooled Investments Report
Attachments: 1. STAFF REPORT - QUARTERLY REPORT SEPTEMBER 30 2024, 2. SEPTEMBER 2024 QUARTERLY INVESTMENT REPORT

To:  BOARD OF SUPERVISORS

From:  Auditor-Controller Treasurer-Tax Collector

Meeting Date:  November 5, 2024

 

Department Contact:  

Sara Pierce

Phone: 

707-234-6860

Department Contact:  

Cheyanne Gordon

Phone: 

707-234-6875

 

Item Type:   Consent Agenda

 

Time Allocated for Item: N/A

 

 

Agenda Title:

title

Acceptance of September 30, 2024, Mendocino County Pooled Investments Report

End

 

Recommended Action/Motion:

recommendation

Accept the September 30, 2024, Mendocino County Pooled Investments Report.

End

 

Previous Board/Board Committee Actions:

The Pooled Investments Report is submitted quarterly for informational purposes and acceptance by the Board of Supervisors.                     

 

Summary of Request

The quarterly report of investments held within the Mendocino County Treasury Pool as of September 30, 2024, is hereby being submitted for informational purposes to and for the acceptance by the Board of Supervisors. All investments are authorized pursuant to California law and the Mendocino County Investment Policy. Due to the nature of a public funds portfolio, it is mandatory that moneys be available to meet the monetary requirements inherent to operating a public entity. The attached Investment Report demonstrates that sufficient liquidity is available to meet anticipated expenditures during the next six months.

 

The primary and overriding objective for the investment pool is to protect the safety of the principal. The second objective is to ensure a sufficient portion of all funds are invested in securities providing a high degree of liquidity and availability. The third objective is to obtain a yield commensurate to current conditions; yield shall not be the driving force in determining which investments are to be selected for purchase. In the event all general objectives mandated by State law are met and created equal, investments in corporate securities and depository institutions will be evaluated for social and environmental concerns.

 

Alternative Action/Motion:

Do not accept the report and provide alternate direction                     

 

Strategic Plan Priority Designation: An Effective County Government

 

Supervisorial District:  All

                                          

Vote Requirement:  Majority

                                          

 

 

Supplemental Information Available Online At: <https://www.mendocinocounty.org/government/collections/treasurer-tax-collector/investment-holdings>

 

Fiscal Details:

source of funding: N/A

current f/y cost: N/A

budget clarification: N/A

annual recurring cost: N/A

budgeted in current f/y (if no, please describe): N/A

revenue agreement: N/A

AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: N/A

CEO Liaison: Darcie Antle, CEO                                                               

CEO Review: Yes                                            

CEO Comments:

 

FOR COB USE ONLY

Executed By: Atlas Pearson, Senior Deputy Clerk

Final Status: Approved

Date: November 5, 2024