The Board of Supervisors established the Treasury Oversight Committee on November 14, 1995, pursuant to Chapter 5, Article 6 of the California Government Code. The purpose of the Treasury Oversight Committee is to review and monitor the County Treasurer's annual investment policy, and to ensure an annual audit is conducted to determine the County's compliance with Government Code §§ 27130-27137.
The Committee will be composed of seven statutory members and three alternates. The Committee
members are in three different categories as follows:
Category 1: Appointed officials (two statutory members and one alternate). Category 1 appointed
members are the County Superintendent of Schools or his or her designee and a representative and an
alternate of the Board or their designee.
Category 2: Elected members (two statutory members and two alternates). Category 2 includes one
representative and one alternate elected by a majority of the school and community college
districts; and one representative and one alternate elected by a majority of the special districts.
Category 3: Public members (three statutory members). Category 3 includes representatives from
the public nominated by the County Treasurer and confirmed by the Board.
No continuous representation by County Office of Education on the Treasury Oversight Committee as required by California Government Code section 27132 and the November 14, 1995, County Board Order (I.O.-4) regarding Composition of a County Treasury Oversight Committee.