RECOMMENDATION(S):
ACCEPT the Treasurer’s Investment Policy for the Fiscal Year 2015-2016 as revised and adopted on May 19, 2015 by the Treasury Oversight Committee.
FISCAL IMPACT:
None.
BACKGROUND:
Pursuant to Government Code Section 27133, at the May 19, 2015 Treasury Oversight Committee meeting, the Committee approved and recommended the acceptance of the attached revised policy. The policy incorporates greater detail of cash management and investment guidelines of surplus funds delegated for investing and reinvesting by the County Treasurer. Copies of the Treasurer's Investment Policy dated June 2015 are submitted to the Board of Supervisors for review and acceptance.
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