FROM: James D. Herberg, General Manager
Originator: Lorenzo Tyner, Assistant General Manager
SUBJECT:
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CONSOLIDATED FINANCIAL REPORT FOR THE THIRD QUARTER ENDED MARCH 31, 2020
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION: Recommend to the Board of Directors to:
Receive and file the Orange County Sanitation District Third Quarter Financial Report for the period ended March 31, 2020.
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BACKGROUND
Included in this consolidated report are the following quarterly financial reports for the period ended March 31, 2020:
* Third Quarter Budget Review
The Budget Review Summary provides the Directors, staff, and general public with a comprehensive overview of the financial results of the Orange County Sanitation District (Sanitation District) through the third quarter ended March 31, 2020.
* Quarterly Treasurer's Report
This section reports on financial portfolio performance with respect to the Sanitation District's funds. Both Long-Term and Liquid Operating Monies Portfolios are summarized. A performance summary table can be found in this agenda report. The report also contains information on the U.S. and global economic outlook from the Sanitation District's investment manager, Chandler Asset Management.
* Certificates of Participation Quarterly Report
The report includes a summary of each outstanding debt issuance and a comparative chart illustrating the COP rate history.
RELEVANT STANDARDS
* Quarterly financial reporting
ADDITIONAL INFORMATION
The quarterly treasurer's report contained within the Consolidated Financial Reports for the Third Quarter Ended March 31, 2020 is being submitted in accordance with the Sanitation District's investment policy that requires the report be submitted to the governing body following the end of each quarter and includes the following information:
* Performance results in comparison with the ICE BAML 3-month treasury bill index for the liquid operating portfolio; and the ICE B...
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