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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.
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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 12, 2011 through February 11, 2012.
Reason for Recommendation: Requesting renewal of delegation of fiduciary authority for the Treasurer-Tax Collector to invest and re-invest County funds.
Action to be taken following Board approval: None
Contact: Louise Gresham x5819 Ginnie Hibert x5811
Concurrences: N/A