RECOMMENDATION(S):
ACCEPT the Treasurer’s Investment Policy for the Fiscal Year 2016-2017 as revised and adopted on May 17, 2016 by the Treasury Oversight Committee.
FISCAL IMPACT:
None
BACKGROUND:
Pursuant to Government Code Section 27133, at the May 17, 2016 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 2016 are submitted to the Board of Supervisors for review and acceptance
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