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Oxnard CFO recommends city invest in California Asset Management Program
Summary
City of Oxnard Chief Financial Officer Javier Chacoyen Lazaro presented a recommendation to authorize investment in the California Asset Management Program (CAMP) and to allow the mayor to sign accounts and documents; no council vote was recorded in the transcript.
Javier Chacoyen Lazaro, chief financial officer for the City of Oxnard, told the council the city should adopt a resolution authorizing investment of city monies in the California Asset Management Program and should authorize the mayor to complete related documents and open CAMP accounts.
Chacoyen Lazaro said CAMP is a California joint powers authority that provides professional investment services to public agencies, was established in 1989, and manages more than $20 billion in…
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