Title
Auditor-Controller recommending the following pertaining to the Tax and Revenue Anticipation Note (TRAN) Application:
(1) Authorize the submittal of the final program application for the 2008 California Statewide Pooled Trans Program;
(2) Adopt the "local agency resolution" authorizing the County's participation in said Program;
(3) Direct the Treasurer-Tax Collector to invest the proceeds of said Program in a separate and distinct pool with the investments to be in conformance with the County's Investment Policy; and
(4) Engage the Chief Administrative Officer, Treasurer-Tax Collector and the Auditor-Controller in discussion regarding the timing of revenue recognition.
RECOMMENDED ACTION: Approve.
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