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| Subject |
| Approve the 2022 Investment Policy for the County. (No general fund impact) (Haynes) |
| Recommended Action |
Approve the 2022 Investment Policy for the County.
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| Strategic Plan Goal(s) |
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In Support of All Goals (Internal Departments Only) |
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| 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. |
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| Fiscal Impact |
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| Source of Funds for this Expenditure |
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