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Meeting Date:
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12/14/2020 - 5:00 PM
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Category:
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Consolidated Motion
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Type:
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Action
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Subject:
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15.3 Quarterly Investment Report for Period Ending September 30, 2020
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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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 September 30, 2020, the yield on District funds held in the Santa Clara County pool was 1.29%.
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Funding:
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Recommendation:
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Approve the Quarterly Investment Report for Period Ending September 30, 2020.
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Approvals:
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Recommended By:
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Signed By:
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Irene Aguilar - Administrative Assistant
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Signed By:
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Mike Mathiesen - Associate Superintendent
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Signed By:
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Nellie Meyer - Superintendent
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