title
TREASURER/TAX COLLECTOR
end
Requested Action(s)
recommendation
a) Request approval to renew the delegation of authority to the Tehama County Treasurer/Tax Collector to invest or reinvest the funds of the County and the funds of other depositors in the County treasury, or to sell and exchange securities so purchased, or to deposit funds for safekeeping, for the one-year period commencing 7/1/24 and shall terminate 6/30/25
b) Request approval of the Tehama County Investment Policy dated 5/14/24
body
Financial Impact:
None
Background Information:
Government Code section 53607 requires the Board to annually approve the delegation of investment authority to the Treasurer.
The investment policy has received a top-down refresh to conform to best practices. My intent is to submit the new policy for certification by the California Municipal Treasurer’s Association (CMTA). This policy conforms to their guidelines.