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File #: 19-1262    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/3/2019 Departments: TREASURER
On agenda: 1/7/2020 Final action: 1/7/2020
Title: Adopt a resolution approving the 2020 San Mateo County Investment Policy Statement.
Attachments: 1. 20200107_r_Investment Policy, 2. 20200107_att_Investment Policy

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.

 

body

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.