Share to Facebook Share to Twitter Bookmark and Share
File #: 16-1131    Version: 1
Type: Agenda Item Status: Approved
File created: 10/27/2016 In control: Board of Supervisors
On agenda: 12/13/2016 Final action: 12/13/2016
Title: Treasurer-Tax Collector recommending the Board renew delegation of fiduciary authority to invest and re-invest County funds, pursuant to Section 3.38.040 of the County Code and Section 53607 of the California Government Code. FUNDING: N/A
Attachments: 1. A - Code Section References BOS 12-13-16

Title

Treasurer-Tax Collector recommending the Board renew delegation of fiduciary authority to invest and re-invest County funds, pursuant to Section 3.38.040 of the County Code and Section 53607 of the California Government Code.

 

FUNDING:  N/A

Body

DEPARTMENT RECOMMENDATION

Treasurer-Tax Collector recommending the Board renew delegation of fiduciary authority to the Treasurer-Tax Collector to invest and re-invest County funds, pursuant to Section 3.38.040 of the County Code and Section 53607 of the California Government Code.

 

DISCUSSION / BACKGROUND

Pursuant to Section 3.38.040 of the County Code and Section 53607 of the California Government Code, the Board of Supervisors must annually renew delegation of fiduciary authority to the County Treasurer-Tax Collector to invest and re-invest County funds.  This action will cover the period of February 11, 2017 through February 10, 2018.

 

ALTERNATIVES

N/A

 

OTHER DEPARTMENT / AGENCY INVOLVEMENT

N/A

 

CAO RECOMMENDATION

Approve as recommended.

 

FINANCIAL IMPACT

N/A

 

CLERK OF THE BOARD FOLLOW UP ACTIONS

None

 

STRATEGIC PLAN COMPONENT

Good Governance

 

CONTACT

Todd Hall x5820