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Minutes 1-23-97 Page 6 In response to Jacobsen's inquiry, Jorgensen said that the Board adopts policy under which staff functions, and a monthly investment report is issued. Lange said he is comfortable with the policy. Referencing the investment policy, Holt suggested that next year section 4.2 be rewritten and Lange suggested that section 10.0 is too broadly written. It was moved by Berger, seconded by Lange, and carried unanimously to readopt the District's investment policy. D. Adoption Of Resolution Number 012397-A, A Resolution Authorizing Staff To Make Wire Transfers From District Funds Invested In Ventura County Investment Pool Jorgensen explained the need for a resolution authorizing wire transfers, and noted that appropriate internal controls are in place. It was moved by Gillette, seconded by Holt, and carried unanimously to approve Resolution Number 012397-A, a resolution authorizing staff to make wire transfers from District funds invested in the Ventura County Investment Pool, that it be read in title only and all further readings be waived. E. Adoption Of Resolution 012397-B, A Resolution To Co- sponsor A Grant Application To The California Department Of Water Resources Urban Streams Restoration Program Referencing a map, Gilmore identified and described two areas along Lang Creek and the erosion damage at Conejo Creek -North as a possible project for funding under State Proposition 204. In response to Gillette's inquiry, Gilmore said that the total amount of the project would be $39,890, of which $9,440 would be District in-kind contributions. In response to Jacobsen's concern, Gilmore said that stream construction sites are under the jurisdiction of the Ventura County Flood Control District, all development projects upstream are responsible for water run-off, and all must have temporary detention facilities.