File #: 24-119    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 1/29/2024 In control: BOARD OF SUPERVISORS
On agenda: 2/27/2024 Final action:
Title: 9:20 A.M. - Consideration of the December 31, 2023 Report of Lake County Pooled Investments
Sponsors: Treasurer-Tax Collector
Attachments: 1. 2023.12.31 BOS 2-27-2024, 2. Quarterly Graph Data - December 2023

Memorandum

 

 

Date:                                          February 27, 2024

 

To:                                          The Honorable Lake County Board of Supervisors

 

From:                                          Patrick Sullivan, Treasurer - Tax Collector

 

Subject:                     Consideration of the December 31, 2023 Report of Lake County Pooled Investments

 

Executive Summary:

 

The attached Report of Lake County Pooled Investments provides an overall economic update as well as reporting information on the County's holdings. This reporting includes those holdings under the Chandler managed investment portfolio as well as consolidated reporting managed directly by Treasury staff.

 

A historical chart is attached as well reflecting the interest deposited on a quarterly basis.  The total earnings for Q2 2023/2024 were $ 3,493,409.21.

 

 

 

If not budgeted, fill in the blanks below only:

Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ________ Future Annual Cost: ________ 

 

Purchasing Considerations (check all that apply):                                           Not applicable

Fully Article X. <https://library.municode.com/ca/lake_county/codes/code_of_ordinances?nodeId=COOR_CH2AD_ARTXPU_S2-38EXCOBI>- and/or Consultant Selection Policy <http://lcnet.co.lake.ca.us/Assets/Intranet/Policy/Policies+$!26+Procedures+Manual/Ch4_2021v2.pdf>-Compliant (describe process undertaken in “Executive Summary”)                     

Section 2-38 <https://library.municode.com/ca/lake_county/codes/code_of_ordinances?nodeId=COOR_CH2AD_ARTXPU_S2-38EXCOBI> Exemption from Competitive Bidding (rationale in “Executive Summary,” attach documentation, as needed)                     

For Technology Purchases: Vetted and Supported by the Technology Governance Committee <http://lcnet.co.lake.ca.us/Assets/Intranet/Intranet+Forms/Information+Technology/AdvPlan.pdf> (“Yes,” if checked)

Other (Please describe in Executive Summary)

 

Consistency with Vision 2028 <http://www.lakecountyca.gov/Government/Directory/Administration/Visioning/Vision2028.htm> (check all that apply):                                                                Not applicable

Well-being of Residents                                           Public Safety                                                                Disaster Prevention, Preparedness, Recovery                     

Economic Development                                           Infrastructure                                                                County Workforce                     

Community Collaboration                      Business Process Efficiency                      Clear Lake                                                               

 

Recommended Action: 

 

Accept the December 31, 2023 Report of Lake County Pooled Investments.