To: Board of Supervisors
From: Dan Mierzwa, Treasurer-Tax Collector
Report Title: DECLARE vacant the County Schools and Community College Districts Representative seat on the Treasury Oversight Committee (TOC)
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ACCEPT the resignation of Julie Bautista due to her retirement on July 31, 2024, DECLARE vacant the County Schools and Community College Districts Representative seat on the Treasury Oversight Committee (TOC) and DIRECT the Clerk of the Board of post the vacancy, as recommended by the Treasurer Tax Collector.
FISCAL IMPACT:
None.
BACKGROUND:
The purpose of the Treasury Oversight Committee is to carry out the following: 1) Review and monitor the County Treasurer's annual investment policy; and 2) Ensure an annual audit is conducted to determine the County Treasurer's compliance with the investment policy. The Contra Costa County Treasury Oversight Committee is composed of seven statutory members, one of whom is the County Superintendent of Schools or his/her designee, and three alternates. The Committee members are in three different categories as follows:
Category 1: Appointed officials (two statutory members and one alternate). Category 1 appointed members are the County Superintendent of Schools or his or her designee and a representative and an alternate of the Board or their designee.
Category 2: Elected members (two statutory members and two alternates). Category 2 includes one representative and one alternate elected by a majority of the school and community college districts; and one representative and one alternate elected by a majority of the special districts.
Category 3: Public members (three statutory members). Category 3 includes representatives from the public nominated by the County Treasurer and confirmed by the Board
All Committee members including alternates will serve at the pleasure of the Board, and may be removed at any time, with o...
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