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Alpine County committee forwards updated investment policy to Board after advisor briefing
Summary
The Treasury Oversight Committee voted to forward a revised 2026 investment policy to the Board of Supervisors after a briefing from the county’s investment advisor, who reported roughly 4% return over the past 12 months and recommended policy changes aligned with Senate Bill 595.
The Alpine County Treasury Oversight Committee voted Thursday to forward a revised 2026 investment policy to the Board of Supervisors after receiving a quarterly briefing from the county’s investment advisor.
Klaus Leidenbauer, director of finance and the county treasurer, introduced the item and explained that the redlined policy packet includes two changes recommended by the advisor and staff. One would extend a code provision that had been scheduled to sunset in 2026 to 2031; the other would raise the maximum allowable commercial paper maturity from 270 days to 397 days to…
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