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INTERNAL OPERATIONS COMMITTEE

Meeting Date:	04/11/2022
Subject: TREASURY OVERSIGHT COMMITTEE INTERVIEWS
Submitted For:	Russell Watts, Treasurer-Tax Collector
Department:	Treasurer-Tax Collector
Referral No.:	IOC 22/5
Referral Name:	Advisory Body Recruitment
Presenter:	Russell Watts, Treasurer-Tax Collector	Contact:	Ronda Boler 925-957-2806

Information

Referral History:

The IOC reviewed Board Resolution Nos. 2020/1 and 2020/2, which stipulate that applicants for At Large/Non Agency-Specific seats on specified bodies are to be interviewed by a Board subcommittee. The Resolutions further permit a Board Committee to select a screening committee to assist in interviewing applicants for appointment. Upon review of the eligible seats, 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 Committee, Airport Land Use Commission, 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.

Referral Update:

The Treasury Oversight Committee is responsible for reviewing the County's investment policy, monitoring the performance of County investments, and reporting to the Board of Supervisors. The Committee is composed of seven statutory members and three alternates: County Superintendent of Schools or designee, a representative and an alternate of the Board of Supervisors or their designees, one representative and one alternate elected by a majority of the school and community college districts; one representative and one alternate elected by a majority of the special districts, three public members nominated by the County Treasurer and confirmed by the Board.

On April 30, 2022, the terms of the BOS Member Alternate, Public 1 and Public 2 seats will expire. Following a two-week recruitment conducted by the Treasurer-Tax Collector's Office (media announcement is attached for reference), the County received three applications:

Kenneth Miller (Attended the 2/15/2022 TOC meeting as a member of the public)
Larry Fernandes (Current Alternate Board of Supervisor Representative whose term ends 4/30/2022. Attended 5 out of 6 TOC meetings since 11/17/2020 – 2/15/2022. Mr. Fernandes expressed he would like to be a voting member in Public Representative, Seat 2.
Dennis Reigle (Current Public Representative, Seat 1 whose term ends 4/30/2022. Attended 5 out of 6 TOC meetings 11/17/2020 – 2/15/2022)

All three applicants have been invited to be interviewed by the IOC today.

Recommendation(s)/Next Step(s):

INTERVIEW the following three candidates for the BOS Member Alternate, Public 1 and Public 2 seats on the Treasury Oversight Committee and DETERMINE recommendations for Board of Supervisors consideration:

Fiscal Impact (if any):

No fiscal impact. Members of the Treasury Oversight Committee receive no compensation for their service.

Attachments
Media Release_Treasury Oversight Committee_3-9-22
Application_Larry Fernandes_Treasury Overight Cte
Application_Kenneth Miller_Treasury Overight Cte
Application_Dennis Reigle_Treasury Overight Cte