TO: Board of Supervisors
FROM: Auditor-Controller Treasurer-Tax Collector
MEETING DATE: January 24, 2023
DEPARTMENT CONTACT:
Chamise Cubbison
PHONE:
707-234-6860
ITEM TYPE: Regular Agenda
TIME ALLOCATED FOR ITEM: 15 Minutes
AGENDA TITLE:
title
Discussion and Possible Action Including Acceptance of Presentation on the December 31, 2022 Mendocino County Pooled Investments Report; and Approval of Mendocino County Investment Policy for Calendar Year 2023
(Sponsor: Auditor-Controller Treasurer-Tax Collector)
End
RECOMMENDED ACTION/MOTION:
recommendation
Accept the December 31, 2022 Mendocino County Pooled Investments Report; and approve the Mendocino County Investment Policy for Calendar Year 2023.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
The Pooled Investment Report is submitted quarterly for informational purposes and acceptance by the Board of Supervisors.
The Investment Policy covering investment of all funds of Mendocino County, County Schools, and certain County Special Districts is presented annually for approval by the Board of Supervisors and was last adopted on January 25, 2022.
SUMMARY OF REQUEST:
The quarterly report of investments held within the Mendocino County Treasury Pool as of December 31, 2022, 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 providi...
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