Agenda Item
Meeting Date:
5/22/2023 - 7:00 PM  
Category:
Consolidated Motion  
Type:
Action  
Subject:
16.5 Quarterly Investment Report for Period Ending March 31, 2023  
LCAP (Local Control Accountability Plan) Goal:
 
Enclosure:
 
File Attachment:
March 2023 Quarterly Investment Report for Schools and Special Districts.pdf
 
Summary:
In 1996, the State legislature enacted SB 564 that requires quarterly reports to the Superintendent and Board of Trustees regarding school district investments. If the local agency has its funds in the Local Agency Investment Fund (LAIF) and/or in the county investment pool, the report needs to supply only the most recent statements received by the school district from these institutions.

The attached document provides the most recent statement received by the District from the Santa Clara County Treasurer. These investments comply with the District’s investment policy which requires the District’s investments have the primary objective of safeguarding principal and the secondary objective of meeting the District’s liquidity needs.

At March 31, 2023, the yield on District funds held in the Santa Clara County pool was 2.84%.
 
Funding:
 
Recommendation
Approve the Quarterly Investment Report for Period Ending March 31, 2023.  
Approvals:
Recommended By:
Signed By:
Irene Aguilar - Administrative Assistant
Signed By:  
Mike Mathiesen - Associate Superintendent
Signed By:  
Nellie Meyer - Superintendent
 
Vote Results:

Original Motion
Member Catherine Vonnegut Moved, Member Sanjay Dave seconded to approve the Original motion 'Approve the Quarterly Investment Report for Period Ending March 31, 2023.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Phil Faillace     Yes
Sanjay Dave     Yes
Catherine Vonnegut     Yes
Thida Cornes     Yes
Esmeralda Ortiz     Yes