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INTERNAL OPERATIONS COMMITTEE

Meeting Date:	04/25/2016
Subject: NOMINATIONS TO THE TREASURY OVERSIGHT COMMITTEE
Submitted For:	Russell Watts, Treasurer-Tax Collector
Department:	Treasurer-Tax Collector
Referral No.:	IOC 16/5
Referral Name:	Advisory Body Recruitment
Presenter:	Russell Watts, Treasurer-Tax Collector	Contact:	Russell Watts 925.957.2801

Information

Referral History:

In 2013, IOC reviewed Board Resolution Nos. 2011/497 and 2011/498, which stipulate that applicants for At Large/Non Agency-Specific seats on specified bodies are to be interviewed by a Board Committee. The IOC made a determination that it would conduct interviews for At Large seats on the following bodies: Retirement Board, Fire Advisory Commission, Integrated Pest Management Advisory Committee, Planning Commission, Treasury Oversight Board, Airport Land Use Commission, Aviation Advisory Committee and the Fish & Wildlife Committee; and that screening and nomination fill At Large seats on all other eligible bodies would be delegated each body or a subcommittee thereof.

The purpose of the TOC is to review the County's investment policy; regularly monitor the County Investment Pool's performance; and report on the pool's performance to the Board of Supervisors.

The TOC is composed of two ex-officio and seven appointed members: the County Treasurer; the Auditor-Controller; one representative appointed by the Board of Supervisors; the County Superintendent of Schools or designee; one representative selected by a majority of the presiding officers of the governing bodies of the school districts and the community college district in the county; one representative selected by a majority of the presiding officers of the legislative bodies of the special districts in the county that are required or authorized to deposit funds in the County Treasury; three members of the public, a majority of whom shall have expertise in, or an academic background in, public finance and who shall be economically diverse and bipartisan in political registration.

Referral Update:

On April 30, 2016, the terms of the Board of Supervisors Representative seat and the Public #3 seat will expire. A two week recruitment was conducted and three applications were received:

Don Bouchet (incumbent, Concord)
Dan Heinrich (incumbent, Danville)
Julian Metcalf (El Cerrito)

The three applicants were invited to interview with the IOC today. Mr. Bouchet and Mr. Metcalf confirmed that they will attend today's meeting. Mr. Heinrich has a previous commitment and will be unable to attend today's meeting.

Recommendation(s)/Next Step(s):

INTERVIEW candidates for vacancies on the Treasury Oversight Committee: the Board of Supervisors Representative seat and the Public No. 3 seat, for four-year terms ending April 30, 2020, and determine recommendations for Board of Supervisors consideration.

Fiscal Impact (if any):

No fiscal impact.

Attachments
Media Release_Treasury Oversight Committee Vacancies
Candidate Application_Don Bouchet_ TOC
Candidate Application_Dan Heinrich_TOC
Candidate Application_Julian Metcalf_TOC
Treasury Oversight Committee Roster_April 2016