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As of April, OCTA Board of Directors and committee meetings will again be held in person. Public comments will resume in-person or may be submitted prior to meetings. Please see the meeting agenda, which will be available at least 72 hours prior to the meeting at octa.legistar.com/Calendar.

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File #: 22-4194   
Type: Orange County Transportation Authority Item Status: Passed
File created: 4/29/2022 In control: Finance and Administration Committee
On agenda: 6/8/2022 Final action: 6/13/2022
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

The Treasurer is presenting the Orange County Transportation Authority’s Proposed Fiscal Year 2022-23 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 2022-23 Investment Policy to be reviewed at a public meeting.

 

Recommendation(s)

A.                     Adopt the Fiscal Year 2022-23 Investment Policy July 1, 2022.

 

B.                     Authorize the Treasurer, to invest, reinvest, purchase, exchange, sell, and manage Orange County Transportation Authority funds during fiscal year 2022-23.