Agenda

Return

C. 20

To:	Board of Supervisors
From:	Russell Watts, Treasurer-Tax Collector
Date:	April 24, 2018

Contra

Costa

County

Subject:

APPOINTMENT TO THE TREASURY OVERSIGHT COMMITTEE

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 04/24/2018

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Ronda Boler, (925) 957-2806

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: April 24, 2018
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

APPOINT Stanley Caldwell, address on file, to a second term in the Contra Costa Special Districts Association (CCSDA) seat on the Treasury Oversight Committee. Term: May 1, 2018 - April 30, 2022 (Reappointment)

FISCAL IMPACT:

None.

BACKGROUND:

The purpose of the Treasury Oversight Committee (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 seven members and three alternates; one representative and an alternate appointed by the Board of Supervisors; the County Superintendent of Schools or designee; one representative and an alternate 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 and an alternate 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 nominated by the County Treasurer, 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. The updated Bylaws were adopted by the Treasury Oversight Committee on August 15, 2017. Terms for membership are for four years.

At the April 17, 2017, CCSDA meeting, elections were held to fill Michael Caine's seat on the TOC. Stanley Caldwell was nominated and selected by unanimous vote to serve as its representative for the remainder of the term ending April 30, 2018. Stanley Caldwell attends the quarterly Treasury Oversight Committee meetings regularly and he is an asset to the committee.

Stanley Caldwell, retired, currently serves as member of the Mt. View Sanitary District Board, is the Special District alternate commissioner to LAFCo, and the Contra Costa Special District Association (CCSDA), President and newsletter editor. California Special District Association (CSDA) board member, prior service includes CSDA Executive Committee as past-president, current member of the Member Services Committee and Professional Development Committee. Stanley serves on the Institute for Local Government (ILG) as a board member and he serves on the Panel of Advisors. Stanley also is a board member of the Special District Leadership Foundation. If appointed to serve another term on the TOC, this will be his first full term representing Special Districts.

CONSEQUENCE OF NEGATIVE ACTION:

No continuous representation by the Contra Costa Special Districts Association (CCSDA) on the Treasury Oversight Committee as required by California Government Code section 27132 and the November 6, 1995, County Board Order (I.O.-4) regarding Composition of a County Treasury Oversight Committee.