Agenda

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INTERNAL OPERATIONS COMMITTEE

Meeting Date:	05/13/2019
Subject: RECOMMENDATION FOR APPOINTMENT TO THE TREASURY OVERSIGHT COMMITTEE
Submitted For:	Russell Watts, Treasurer-Tax Collector
Department:	Treasurer-Tax Collector
Referral No.:	IOC 19/5
Referral Name:	Advisory Body Recruitment
Presenter:	Russsell Watts, Treasurer-Tax Collector	Contact:	Ronda Boler 925-957-2806

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 Committee (TOC), 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.

The IOC conducts the application and interview process for the three public member seats and the BOS representative seat.

Referral Update:

The resignation of Dan Heinrich created a vacancy in the Public 3 seat on the Treasury Oversight Committee. The Treasurer-Tax Collector's Office recruited to fill the vacancy and received one application, from John Phillips (Moraga), who also serves on the County Retirement Board.

A copy of the latest TOC Bylaws and meeting place and calendar are available online.

Recommendation(s)/Next Step(s):

Staff has determined that there is no incompatibility between the two offices of Retirement Board Trustee and Treasury Oversight Committee member, and recommends the appointment of Mr. Phillips to the Public 3 seat on the Treasury Oversight Committee to complete the remainder of the current term, which will expire on April 30, 2020.

Attachments
Candidate Application_John Phillips_Treasury Oversight Committee