Page 47 - Yucaipa Valley Water District
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Director Memorandum 17-042
Date: May 16, 2017
Prepared By: Allison M. Edmisten, Chief Financial Officer
Subject: Consideration of Resolution No. 2017-12 Authorizing Investment of Monies
in the Local Agency Investment Fund
Recommendation: That the Board adopts Resolution No. 2017-12.
The Local Agency Investment Fund (LAIF) is a voluntary program created by statute in 1977 as
an investment alternative for California's local governments and special districts. This
investment program offers the District the ability to participate in a statewide investment program
with other local agencies.
As an administrative issue, the District staff recommends updating the authorizing resolution
with the Local Agency Investment Fund.
Yucaipa Valley Water District - May 16, 2017 - Page 45 of 64
