Reso 1642 06/2023RESOLUTION NO. 1642
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
VALLECITOS WATER DISTRICT AUTHORIZING
DEPOSIT OF EXCESS FUNDS IN THE SAN DIEGO COUNTY
TREASURER'S POOLED MONEY FUND FOR INVESTMENT PURPOSES
AND REPEAL RESOLUTION NO. 1534
WHEREAS, California Government Code Section 53684 was amended to allow public
agencies to deposit excess money in the San Diego County Treasurer's Pooled Money Fund
for investment purposes; and
WHEREAS, The Board of Directors of the Vallecitos Water District does hereby find
that the deposit and withdrawal of money in the San Diego County Treasurer's Pooled Money
Fund, in accordance with the provisions of California Government Code Section 53684 for
the purpose of investment as stated therein, are in the best interests of the District.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Vallecitos
Water District hereby authorizes the deposit and withdrawal of the District's monies in the San
Diego County Treasurer's Pooled Money Fund in accordance with the provisions of California
Government Code Section 53684 for the purpose of investment as stated therein.
BE IT FURTHER RESOLVED that the General Manager, Assistant General Manager
and Chief Financial Officer, be authorized to order the deposit or withdrawal of monies
between the San Diego County Treasurer's Pooled Money Fund and US Bank by means of
bank wire transactions with the balance of District funds in the San Diego County Treasurer's
Pooled Money Fund not to exceed annual investment policy limitations.
PASSED, APPROVED AND ADOPTED by the Board of Directors of the Vallecitos
Water District at a regular meeting held on the 7th day of June, 2023 by the following roll call
vote:
AYES: BOYD-HODGSON, ELITHARP, GROSET, HERNANDEZ, PENNOCK
NOES:
ABSTAIN:
ABSENT:
Aamesard
nandez, President
Boof Directors
Vallecitos Water District
ATTEST:
Glenn Pruim, Secretary
Board of Directors
Vallecitos Water District