HomeMy WebLinkAboutResolution THCA No. 2021-02RESOLUTION THCA NO. 2021-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TRES HERMANOS CONSERVATION AUTHORITY
ADOPTING THE STATEMENT OF INVESTMENT POLICY
FOR FISCAL YEAR 2021-22
WHEREAS, pursuant to the Amended and Restated Tres Hermanos Conservation
Authority Joint Powers Agreement Section 3.8, and as required by the State of California
Government Code Section 53646, an investment policy shall be adopted annually by the
Board of Directors.
NOW, THEREFORE, BE IT RESOLVED:
Section 1. Investments of the Authority's funds for Fiscal Year 2021-22 shall be
made in accordance with the Authority's Statement of Investment Policy attached to this
Resolution as Exhibit "A".
Section 2. The policy adopted by this Resolution is in addition to and
supplements any other legal requirements.
Section 3. The Statement of Investment Policy adopted by this Resolution
supersedes all investment policies previously adopted by the Board of Directors.
Section 4. Investment authority for Fiscal Year 2021-22 shall be delegated to
the Authority's Treasurer for a one-year period until the delegation is revoked or expires.
The Treasurer shall assume full responsibility for financial transactions and must make a
monthly report of any investment transactions to the Board of Directors as required by
Government Code section 53607. The Board of Directors may renew the delegation of
authority to the Authority's Treasurer each fiscal year.
PASSED, APPROVED, AND ADOPTED this 21st day of April 2021.
Kay ivi rque
Chair
Tres Hermanos Con i a )Authority
Resolution THCA No. 2021-02
ATTEST:
I, Kristina Santana, Secretary of the Tres Hermanos Conservation Authority, do
hereby certify that the foregoing Resolution was duly and regularly passed, approved
and adopted by the Board of Directors of the Tres Hermanos Conservation Authority, at
its regular meeting held on the 21st day of April 2021, by the following Roll Call vote:
AYES: BOARD MEMBERS
NOES: BOARD MEMBERS
ABSENT: BOARD MEMBERS
ABSTAIN: BOARD MEMBERS
Lyons, Rogers, Ruggles, Tye,
VC/Marcucci, C/Marquez
None
Moss
None
A_
ristina Santana
Secretary
Tres Hermanos Conservation Authority
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