TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: Board Policy 349 - Investment Policy
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider review of Board Policy No. 349 - Investment Policy with no recommended amendments.
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
This report provides a periodic review of the Investment Policy with no recommended amendments at this time.
BUDGETARY/FISCAL IMPACT:
There is no budgetary or fiscal impact associated with this report.
BACKGROUND/RATIONALE:
The applicable policy documents are attached for reference. Staff reviewed the policy and has determined that no amendments are required.
ADVANTAGES/DISADVANTAGES:
The report does not recommend a course of action with notable advantages or disadvantages.
ALTERNATIVES ANALYSIS:
Staff found no practical alternatives to the course of action recommended in this report.
PRIOR RELEVANT BOARD ACTION/POLICIES:
Staff Report No. 21-530 Board Policy No. 349 - Investment Policy with minor amendments
ATTACHMENTS:
1. Board Policy No. 349 with recommended revisions
Prepared by:
Sue Lee, Director of Revenue Management
Approved/Reviewed by:
Chris Andrichak, Chief Financial Officer
Jill A. Sprague, General Counsel/Chief Legal Officer