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INTERNAL OPERATIONS COMMITTEE

Meeting Date:	09/14/2020
Subject: RECOMMENDATION FOR APPOINTMENT TO THE TREASURY OVERSIGHT COMMITTEE
Submitted For:	Russell Watts, Treasurer-Tax Collector
Department:	Treasurer-Tax Collector
Referral No.:	IOC 20/5
Referral Name:	Advisory Body Recruitment
Presenter:	Julie DiMaggio Enea	Contact:	Ronda Boler 925-957-2806

Information

Referral History:

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.

Referral Update:

On July 14, 2020, a vacancy was declared in the statutory Board of Supervisors Representative seat on the Treasury Oversight Committee (TOC) for a term ending April 30, 2024. Paula Troy, currently the alternate Board of Supervisor Representative on the Treasury Oversight Committee, is the only applicant for this vacant seat. In accordance with TOC Bylaws Section IX, Filling Vacancies, I would like to recommend Paula Troy to the IOC for appointment to fill the vacant seat. I also request that the IOC dispense with the interview, as Ms. Troy has already been interviewed recently.

According to the Bylaws, regular attendance at meetings is not a requirement for Alternate members of the Treasury Oversight Committee as long as the statutory members are present. Therefore, Ms. Troy's attendance as an Alternate is not relevant in appointing her as a statutory member. However, she has attended 2 out of 2 meetings since her appointment.

Ms. Troy was first appointed by the Board of Supervisors in the alternate Representative seat on December 17, 2019 to a term expiring on April 30, 2022. Ms. Troy has expressed a willingness to serve as the statutory Board of Supervisors Representative through term that expires on April 30, 2024. I respectfully request that her name be submitted to the Board of Supervisors for appointment.

A summary of her background and experience is as follows: Paula Troy is a graduate of University of California, Sacramento with a degree in Finance. Her professional experience includes working as a Financial Services Professional with experience serving large public fund clients ranging in portfolio size and complexity. Ms. Troy has served on the Treasury Oversight Committee as an Alternate since December 2019.

Her application and resume are attached for reference.

Recommendation(s)/Next Step(s):

RECOMMEND to the Board of Supervisors the appointment of Paula Troy to the Board of Supervisors Representative seat on the Treasury Oversight Committee (TOC) for a term ending April 30, 2024.

Attachments
Candidate Application_Paula Troy_Treasury Oversight Cte