Review Agenda Item
Meeting Date: 9/11/2023 - 7:00 PM
Category: Consolidated Motion
Type: Action
Subject: 15.7 Quarterly Investment Report for Period Ending June 30, 2023
LCAP (Local Control Accountability Plan) Goal:
File Attachment:
June 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 June 30, 2023, the yield on District funds held in the Santa Clara County pool was 3.11%.
Recommendation: Approve the Quarterly Investment Report for Period Ending June 30, 2023.
Recommended By:
Signed By:
Irene Aguilar - Administrative Assistant
Signed By:
Mike Mathiesen - Associate Superintendent
Signed By:
Nellie Meyer - Superintendent
Vote Results:

Original Motion
Member Thida Cornes Moved, Member Catherine Vonnegut seconded to approve the Original motion 'Approve the Quarterly Investment Report for Period Ending June 30, 2023.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0.
The motion Carried 4 - 0
Sanjay Dave     Yes
Catherine Vonnegut     Yes
Thida Cornes     Yes
Esmeralda Ortiz     Yes