TO: Board of Supervisors
FROM: Treasurer-Tax Collector
MEETING DATE: February 26, 2019
DEPARTMENT CONTACT:
Shari L. Schapmire
PHONE:
234-6884
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Acceptance of the December 31, 2018 Report of Mendocino County Pooled Investments
End
RECOMMENDED ACTION/MOTION:
recommendation
Accept the December 31, 2018 Report of Mendocino County Pooled Investments.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
The Pooled Investment Report is submitted quarterly for informational purposes and acceptance by the Board of Supervisors; all previous reports to date have been accepted.
SUMMARY OF REQUEST:
Quarterly report of investments held within the Mendocino County Treasury Pool as of December 31, 2018, is hereby being submitted for informational purposes to and acceptance by the Board of Supervisors. The investments have been made in accordance with the Investment Policy and are permitted invests according to current California law. Due to the nature of the public funds portfolio, it is mandatory that moneys be available to meet the monetary requirements inherent to operating a public entity.
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 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.
The Treasury Pool is comprised of funds of the County, school districts, special districts, and trust funds. At this time, the holdings are comprised approximat...
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