To: Board of Supervisors
From: Dan Mierzwa, Treasurer-Tax Collector
Report Title: DECLARE VACANCY OF SCHOOL AND COMMUNITY COLLEGE ALTERNATE REPRESENTATIVE TO THE TREASURY OVERSIGHT COMMITTEE
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
DECLARE Vacancy in the Category 2 Seat, an Alternate representative for the County School Districts and Community College District of Treasury Oversight Committee. Glenn Pena occupied this seat for the term from May 1, 2024 to April 30, 2028 until his retirement from Contra Costa County Office of Education on April 30, 2025. This vacancy will be filled by election by the majority of the school and community college districts.
FISCAL IMPACT:
None.
BACKGROUND:
The Board of Supervisors established the Treasury Oversight Committee on November 14, 1995, pursuant to Chapter 5, Article 6 of the California Government Code. The purpose of the Treasury Oversight Committee is to review and monitor the County Treasurer's annual investment policy, and to ensure an annual audit is conducted to determine the County's compliance with the investment policy. The Committee is composed of seven statutory members 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.
Glen...
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