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Title
Orange County Transportation Authority Investment and Debt Programs Report - October 2018
Overview
The Orange County Transportation Authority has a comprehensive investment and debt program to fund its immediate and long-term cash flow demands. Each month, the Treasurer submits a report detailing investment allocation, performance, compliance, outstanding debt balances, and credit ratings for the Orange County Transportation Authority’s debt program. This report is for the month ending October 31, 2018. The report has been reviewed and is consistent with the investment practices contained in the Investment Policy. Four General Electric securities fell below the minimum credit quality during the month due to a downgrade. The securities are being held for the short term.
Recommendation(s)
Receive and file as an information item.