To: Board of Supervisors
From: Internal Operations Committee
Report Title: RECOMMENDATION FOR APPOINTMENTS TO THE TREASURY OVERSIGHT COMMITTEE
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
REAPPOINT Dennis Reigle to the Public Representatives 1 seat, Larry Fernandes to the Public Representative 2 seat, and Mari Beraz to the Alternate to the Member of the Board of Supervisors Representative seat on the Treasury Oversight Committee, all to four-year terms beginning May 1, 2026 and ending April 30, 2030, as recommended by the Internal Operations Committee.
FISCAL IMPACT:
No fiscal impact. Members of the Treasury Oversight Committee receive no compensation for their service.
BACKGROUND:
The Treasury Oversight Committee is responsible for reviewing the County's investment policy, monitoring the performance of County investments, and reporting to the Board of Supervisors. The Committee is composed of seven statutory members and three alternates: County Superintendent of Schools or designee, a representative and an alternate of the Board of Supervisors or their designees, one representative and one alternate elected by a majority of the school and community college districts, one representative and one alternate elected by a majority of the special districts, three public members nominated by the County Treasurer and by the Board.
On April 30, 2026, the terms of the BOS Representative Alternant, Public Representative 1, and Public Representative 2 seats expired. Following a three-week recruitment period, the County received five applications:
1. Mari Beraz (current Member of the Board of Supervisors Representative - Alternate)
2. Larry Fernandes (current Public Representative 2)
3. Edward Kennedy
4. Charles Kreling
5. Dennis Reigle (current Public Representative 1)
In accordance with Board Resolution Nos. 2020/1 and 2020/2, the Internal Operations Committee (IOC) conducted interviews of the applicants at its r...
Click here for full text