HomeMy WebLinkAbout11, Placer County Treasurers Investment Pool
Action Item # 11 May 1, 2013 Treasurer’s Investment PoolInvestment in the Placer County Consideration of Authorizing the
Authorizing Investment in Placer 2 LAIF investment yield declined from 5.2% in 2007 to 0.3%•California Treasurer’s Local Agency Investment Fund (LAIF)Majority of General Fund and reserves
invested in •Consistent with California Government Code•District adopted investment policy in 2006•Background / History County Treasurer’s Investment Pool
New Information County Treasurer’s Investment PoolAuthorizing Investment in Placer 3 Government Code and with District CodePCTIP investments are consistent with California •PCTIP investment
risk is similar to LAIF•District service area includes a portion of Placer CountyDistrict is eligible to participate in PCTIP because the •10% Local agency bonds –20% Commercial notes–70%
US Treasury, federal agency coupons, and CD’s–Allocation of the PCTIP investments are:•PCTIP investment yield for past 8 months is 1.5%•Placer County Treasurer has an investment pool
(PCTIP)•
Fiscal Impact County Treasurer’s Investment PoolAuthorizing Investment in Placer 4$1 million invested in PCTIPInvest yield is $1,000 more per month than LAIF for every •The District
invests about $20 million in LAIF•
Recommendation County Treasurer’s Investment PoolAuthorizing Investment in Placer 5 Treasurer’s Investment Poolto authorize the investment in the Placer County Direct the President to
execute the necessary documents B)County Treasurer’s Investment PoolAdopt a resolution authorizing the investment in the Placer A)