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ACTION ITEM #11TreasurerDelegation of Authority to the Policy and Consideration of the Review of the District’s Investment TreasurerDelegation of Authority to the Policy and Consideration
of the Review of the District’s Investment November 7, 2018
Investment Policy and Delegation of Authority to Treasurer in the District’s Investment Policydelegate authority to the Treasurer to perform the duties as described Only the Board can
modify the District’s Investment Policy and •BACKGROUND / HISTORY Investment Policy and Delegation of Authority to Treasurer
Investment Policy and Delegation of Authority to Treasurer Evaluating financial and economic trends •Ensuring custodial risk •Evaluating the diversification of investments •bjectives
OReviewing compliance with the Investment •Reviewing compliance with current guidance and regulations •Annual review of the investment policy includes:•Quarterly report of investment
funds, yields, and terms•Monthly report of cash and investment balances •District Code requires: •Investment Policy•BACKGROUND / HISTORY Investment Policy and Delegation of Authority
to Treasurer
Investment Policy and Delegation of Authority to Treasurer Temporary investments in money market funds•Utah Public Treasurers Investment Fund (UPTIF)•Placer County Treasurer’s Investment
Portfolio (PCTIP)•California’s Local Agency Investment Fund (LAIF)•US Bank interest bearing checking accounts•diversification and custodial risk•BACKGROUND / HISTORY Investment Policy
and Delegation of Authority to Treasurer
NEW INFORMATION Investment Policy and Delegation of Authority to TreasurerInvestment Policy and Delegation of Authority to Treasurer
NEW INFORMATION No revision to the investment policy is proposed •Appropriate for financial and economic trends•Acceptable level of custodial risk •Funds are diversified •Consistent
with District Code•Compliant with current guidance and regulations•Treasurer has reviewed the investment policy•Investment Policy and Delegation of Authority to TreasurerInvestment
Policy and Delegation of Authority to Treasurer
FISCAL IMPACT certain investments, as the policy allowsThe fiscal impact of this item varies on the rate of return through •Investment Policy and Delegation of Authority to TreasurerInvestment
Policy and Delegation of Authority to Treasurer
RECOMMENDATION funds for FY19 according to the District’s investment policy2) Delegate authority to Regina Wise, District Treasurer, to invest District 3.20.012 and provide direction
as needed; and1) Review the District’s investment policy as described in Section Investment Policy and Delegation of Authority to TreasurerInvestment Policy and Delegation of Authority
to Treasurer