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Director Memorandum 18-003



                Date:              January 16, 2018

                Prepared By:       Allison M. Edmisten, Chief Financial Officer

                Subject:           Discussion Regarding the Adoption of Resolution No. 2018-02 Approving an
                                   Investment Policy and Appointment of the General Manager as the District
                                   Investment Officer

                Recommendation:        That the Board adopts Resolution No. 2018-02.


               On January 3, 2017, the Board of Directors adopted the current Investment Policy as Resolution
               No. 2017-01 [Director Memorandum No. 17-001].

               Each year the District staff is required to present the investment policy for review by the Board of
               Directors and the public.  If no modifications are recommended, the District staff recommends
               approving the Investment Policy by adopting the attached resolution.

















































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