File #: 12-1471    Version: 1
Type: Agenda Item Status: Approved
File created: 11/26/2012 In control: Board of Supervisors
On agenda: 12/18/2012 Final action: 12/18/2012
Title: Treasurer-Tax Collector recommending the Board approve the addition of Federally Insured Cash Account (FICA) as an investment category in the "Investments - Maximum Percentage/Portfolio" section to the El Dorado County Investment Policy.
Attachments: 1. A - Investment Policy with Addition in Red 12-18-12 .pdf, 2. B - Investment Policy 12-18-12.pdf
Title
Treasurer-Tax Collector recommending the Board approve the addition of Federally Insured Cash Account (FICA) as an investment category in the "Investments - Maximum Percentage/Portfolio" section to the El Dorado County Investment Policy.
Body
Background
Federally Insured Cash Account (FICA) was added as an investment category in the "Investments - Maximum Percentage/Portfolio" section.
Reason for Recommendation
FDIC insured, liquid and currently yielding a higher rate of return compared to other investments offered.
Action(s) to be taken following Board approval
None
Contact
Ginnie Hibert
Concurrences
N/A