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