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File #: 17-442   
Type: Orange County Transportation Authority Item Status: Committee Ready - Consent
File created: 3/15/2017 In control: Finance and Administration Committee
On agenda: 5/24/2017 Final action: 6/12/2017
Title: Annual Update to Investment Policy
Sponsors: Rodney Johnson, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B

Title

Annual Update to Investment Policy

 

Overview

The Treasurer is presenting the Orange County Transportation Authority’s Investment Policy for 2017.  The Investment Policy sets forth the investment guidelines for all funds invested on and after June 12, 2017.  As recommended under California Government Code Section 53646(a)(2), the Orange County Transportation Authority is submitting its Investment Policy to be reviewed at a public meeting. Further, the governing body of a local agency has the authorization to appoint, for a period of one year, a Treasurer to invest, reinvest, purchase, exchange, sell, or manage public funds. 

 

Recommendation(s)

 

A.                     Adopt the 2017 Investment Policy.

B.                     Authorize the Treasurer to invest, reinvest, purchase, exchange, sell, and manage Orange County Transportation Authority funds during fiscal year 2017-18.