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File #: 23-4746   
Type: Orange County Transportation Authority Item Status: Reported to Board - Consent
File created: 1/12/2023 In control: Finance and Administration Committee
On agenda: 5/10/2023 Final action:
Title: Annual Update to Investment Policy
Sponsors: Robert Davis, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B

Title

Annual Update to Investment Policy

 

Overview

Overview

The Treasurer is presenting the Orange County Transportation Authority’s Proposed Fiscal Year 2023-24 Investment Policy. The governing body of a local agency is required to annually renew the delegation of authority for the Treasurer to invest, reinvest, purchase, exchange, sell, or manage public funds for a period of one year. Additionally, and as recommended under California Government Code Section 53646(a)(2), the Orange County Transportation Authority is submitting its Proposed Fiscal Year 2023-24 Investment Policy to be reviewed at a public meeting.

Recommendation(s)

Recommendations

A.                     Adopt the Proposed Fiscal Year 2023-24 Investment Policy July 1, 2023.

 

B.                     Authorize the Treasurer, to invest, reinvest, purchase, exchange, sell, and manage Orange County Transportation Authority funds during fiscal year 2023-24.