TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Board Policy 349 - Investment Policy
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider Review of Board Policy No. 349 - Investment Policy with no revisions.
Body
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 has reviewed the policy and
has determined that no amendments are required.
ADVANTAGES/DISADVANTAGES:
This 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 18-096 Amendments to Board Policy No. 349 - Investment Policy
ATTACHMENTS:
1. Board Policy No. 349
Approved by:
Claudia L. Allen, Chief Financial Officer
Reviewed by:
Claudia L. Allen, Chief Financial Officer
Denise C. Standridge, General Counsel
Prepared by:
Sue Lee, Director of Revenue Management