To: Board of Supervisors
From: Dan Mierzwa, Treasurer-Tax Collector
Report Title: ACCEPT the appointment of School and Community College Districts Alternate Representative to serve on the Treasury Oversight Committee
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ACCEPT the appointment of the Category 2, School and Community College Alternate Districts Representative to serve on the Treasury Oversight Committee
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 Government Code ?? 27130-27137. The Committee will be 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.
An Alternate member shall attend in place of a statutory member as to whom the Alternate is delegated only when notified of the statutory member's anticipated absence at a meeting. An Alternate member is encouraged to attend any Committee meeti...
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