Board of Supervisors


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  Consent-General Government   # 17.       
Financial Services  
Meeting Date: 12/07/2021  
Brief Title:    Approve County Investment Policy for Calendar Year 2022
From: Tom Haynes, Interim Chief Financial Officer, Department of Financial Services
Staff Contact: Sou Xiong, Accounting Manager-Treasury & Revenues, Department of Financial Services, x8212

Approve the 2022 Investment Policy for the County. (No general fund impact) (Haynes)
Recommended Action
Approve the 2022 Investment Policy for the County.
Strategic Plan Goal(s)
In Support of All Goals (Internal Departments Only)
Reason for Recommended Action/Background
Government Code Section 53646 provides that the County Treasurer (part of the Chief Financial Officer responsibilities) may render to the Board of Supervisors and any oversight committee a statement of investment policy, which the Board shall review and approve at a public meeting. The attached policy statement (Attachment A) was distributed to and reviewed by the Financial Oversight Committee during the November 4, 2021 meeting. The policy is now being submitted to the Board for approval.
Proposed revisions to the Investment Policy are highlighted in Attachment B. There are currently no significant regulatory or legislative changes affecting the County’s investment authority that are effective for the 2022 calendar year; therefore, the changes to the policy are primarily for formatting purposes.
Collaborations (including Board advisory groups and external partner agencies)
The policy was reviewed by the Financial Oversight Committed during the November 4, 2021 meeting. The policy was also discussed and reviewed by the County’s investment advisor, Public Financial Management (PFM).
Competitive Bid Process
Not Applicable.

Fiscal Impact
Fiscal Impact (Expenditure)
Total cost of recommended action:    $   0
Amount budgeted for expenditure:    $   0
Additional expenditure authority needed:    $   0
One-time commitment     Yes
Source of Funds for this Expenditure
Att. A. 2022 Investment Policy Clean Draft
Att. B. 2022 Investment Policy Highlighted Draft

Form Review
Inbox Reviewed By Date
Chad Rinde Julie Dachtler 11/29/2021 03:52 PM
Financial Services Shelby Milliren 11/30/2021 10:07 AM
County Counsel Hope Welton 11/30/2021 04:55 PM
Joanne Van Hoosear Joanne Van Hoosear 11/30/2021 10:13 PM
Form Started By: Sou Xiong Started On: 11/07/2021 08:30 PM
Final Approval Date: 12/01/2021


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