To: BOARD OF SUPERVISORS
From: County Counsel and Auditor-Controller Treasurer-Tax Collector
Meeting Date: December 3, 2024
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Department Contact: |
Charlotte E. Scott |
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707-234-6885 |
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Department Contact: |
Sara Pierce, Acting A-C/T-TC |
Phone: |
707-234-6860 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Introduction and Waive First Reading of an Ordinance Delegating Authority to Invest or Reinvest the Funds of the County and its Other Depositors in the County Treasury to the Treasurer for Calendar Year 2025
End
Recommended Action/Motion:
recommendation
Introduce and waive first reading of an Ordinance delegating authority to invest or reinvest the funds of the County and its other depositors in the County Treasury to the Treasurer for calendar year 2025.
End
Previous Board/Board Committee Actions:
Presented annually; last presented January 23, 2024, Item #3h.
Summary of Request:
This item provides for the annual review and delegation of the authority of the Board of Supervisors to the County Treasurer to invest and reinvest funds as provided for in County Code 5.130.010. Pursuant to California Government Code section 53607, the Board must annually delegate the authority to invest or reinvest the funds of the County and the funds of other depositors in the County Treasury. As a result, it is necessary to adopt an ordinance for the calendar year 2025, amending section 5.130.010 adopted for the calendar year 2024, delegating this authority to the Treasurer.
Alternative Action/Motion:
Do not adopt and provide direction on investment of County funds.
Strategic Plan Priority Designation: An Effective County Government
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
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source of funding: N/A |
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current f/y cost: N/A |
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budget clarification: N/A |
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annual recurring cost: N/A |
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budgeted in current f/y (if no, please describe): N/A |
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revenue agreement: N/A |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: Yes
CEO Liaison: Darcie Antle, CEO
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
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Executed By: Atlas Pearson, Senior Deputy Clerk |
Final Status: Approved |
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Date: December 3, 2024 |
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