BOARD MEETING DATE: June 11, 1999 AGENDA NO. 19
REPORT:
Investment Oversight Committee
SYNOPSIS:
The Investment Oversight Committee met Friday, May 7, 1999 and discussed various issues detailed in the Committee report. The next Investment Oversight Committee meeting is Friday, August 6, 1999 at 12:00 noon in Conference Room CC8.
RECOMMENDED ACTION:
Receive and file.
Michael Antonovich
Investment Oversight Committee
Attendance: Present were Committee members Michael Antonovich, Gary Burton, David Ertel and Jerry Rogers. Absent were Committee members William Burke and Norma Glover.
Investment Committee Discussion Items:
Quarterly Report of Investments: Reviewed the quarterly investment report to the Governing Board. The Committee discussed their interest in receiving more information regarding the Y2K readiness of the State Treasurer, Los Angeles County Treasurer and the financial institutions used by the AQMD. The Committee also requested information regarding the County’s investment policy regarding issuers’ credit limits, use of split ratings, if any, and Municipal Obligations. The Committee approved this report.
Other Business: None
Public Comment: None
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