Memorandum
Date: May 10, 2022
To: The Honorable Lake County Board of Supervisors
From: Susan Parker, Interim County Administrative Officer
Subject: Consideration of Acceptance of the March 31, 2022 Report of Lake County Pooled Investments
Executive Summary:
Last year, your Board directed staff to conduct a Request for Proposals for Investment Management & Advisory Services. Chandler Asset Management (Chandler) was selected and provided the technical expertise necessary to update the County’s investment policy and strategy approved by your Board. Chandler then began actively managing the County’s funds in September, and previously provided the first quarterly report of the County’s pooled investments on February 8, 2022.
The reporting materials will provide an overall economic update, as well as reporting information on the County’s holdings, both those under the investment portfolio as well as consolidated reporting. A representative from Chandler is in attendance to present the materials.
Staff recommends your Board accept this report.
If not budgeted, fill in the blanks below only:
Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ________ Future Annual Cost: ________
Consistency with Vision 2028 (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 March 31, 2022 Report of Lake County Pooled Investments.