TO: BOARD OF SUPERVISORS
FROM: Auditor-Controller Treasurer-Tax Collector
MEETING DATE: January 23, 2024
DEPARTMENT CONTACT:
Sara Pierce
PHONE:
707-234-6860
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Approval of Mendocino County Investments Policy for Calendar Year 2024
End
RECOMMENDED ACTION/MOTION:
recommendation
Approve the Mendocino County Investments Policy for Calendar Year 2024.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
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 24, 2023.
SUMMARY OF REQUEST:
The Mendocino County Investment Policy is being submitted herewith for approval by the Board of Supervisors. This policy is in conformance with all pertinent California Government Codes. Per Government Code section 53646, the Treasurer may annually render to the Board a statement of investment policy, which the Board shall review and approve at a public meeting.
Once approved by the Board, the Mendocino County Investment Policy will be accessible to all interested parties on the County website.
ALTERNATIVE ACTION/MOTION:
Do not accept 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: No
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 D...
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