AC Transit Logo
Share to Facebook Share to Twitter Bookmark and Share
Report ID: 19-193   
Type: Consent
Meeting Body: Board of Directors - Regular Meeting
Meeting Date: 6/12/2019 Final action: 6/12/2019
Recommended Action: Consider Review of Board Policy No. 349 - Investment Policy with no revisions.
Attachments: 1. STAFF REPORT, 2. Att.1. BP 349 - Investment Policy

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