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TREASURER/TAX COLLECTOR
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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 7/1/25 and shall terminate 6/30/26
b) Request approval of the Tehama County Investment Policy dated 6/3/25
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Financial Impact:
None.
Background Information:
Government Code section 53607 requires the Board to annually approve the delegation of investment authority to the Treasurer.
There was one material change to the investment policy this year. We are requesting the board of supervisors grant express permission to purchase the following investments with a duration of up to 10 years.
1. Securities Issued by the United States Treasury
2. Obligations of the State of California
3. Registered treasury notes or bonds of any of the other 49 states
4. Obligations of other California government agencies
5. Securities Issued by United States Government Agencies and Government-Sponsored Enterprises
If permission is granted, the treasury will be allowed to start purchasing these longer duration investments in 91 days, per Government Code section 53601.