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File #: 20-2739   
Type: Orange County Transportation Authority Item Status: Passed
File created: 6/1/2020 In control: Finance and Administration Committee
On agenda: 6/10/2020 Final action: 6/22/2020
Title: Annual Update to Investment Policy for 2020
Sponsors: Robert Davis, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B, 5. Attachment C

Title

Annual Update to Investment Policy for 2020

Overview

The Treasurer is presenting the Orange County Transportation Authority’s Investment Policy for 2020. The Investment Policy sets forth the investment guidelines for all funds invested on and after June 10, 2020. 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 2020 Investment Policy dated June 10, 2020.

 

B.                     Authorize the Treasurer to invest, reinvest, purchase, exchange, sell, and manage Orange County Transportation Authority funds during fiscal year 2020-21.