Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Sandie Arnott, Treasurer-Tax Collector
Subject: Approving the 2020 San Mateo County Investment Policy Statement
RECOMMENDATION:
title
Adopt a resolution approving the 2020 San Mateo County Investment Policy Statement.
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BACKGROUND:
Pursuant to Government Code § 53646, the Treasurer may annually 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.
DISCUSSION:
There are no changes to the 2020 Investment Policy.
The Treasurer will communicate the approved 2020 Investment Policy Statement to all pool participants and receive their written acknowledgement of the current version of the Investment Policy.
County Counsel has reviewed and approved the resolution as to form.
FISCAL IMPACT:
There is no Net County Cost.