Treasury Oversight Committee

TOC Bylaws, Meeting Agendas and Minutes


The Board of Supervisors established the Treasury Oversight Committee on November 14,1995 with the purpose to:

  • Review the county’s investment policy,
  • Regularly monitor the county investment pool’s performance,
  • Report on the pool’s performance to the board of supervisors, and
  • Ensure an annual audit is conducted to determine the County Treasurer’s compliance with Government Code Section 27130-27137


Membership of the Treasury Oversight Committee consists of the following:

  • Paula Troy, Board of Supervisor Representative (2020 to 2024)
  • Larry Fernandes, Alternate Board of Supervisor Representative (2018 to 2022)
  • Denise Porterfield, County Superintendent of Schools Designee (2020 to 2024)
  • Julie Bautista, County School and Community College Districts Representative (2020 to 2024), Committee Chair 
  • Glenn Pena, Alternate School and Community College Districts Representative (2020 to 2024)
  • Philip Leiber, Special District Representative (2018 to 2022)
  • Stephen Smith, Alternate Special District Representative (2018 to 2022)
  • Dennis Reigle, Public Representative, Seat 1 (2018 to 2022) 
  • Edgar Grubb, Public Representative, Seat 2 (2018 to 2022) 
  • John Phillips, Public Representative, Seat 3 (2020 to 2024), Committee Vice Chair

Members volunteer to serve on the committee for a four-year term. Members do not receive any compensation for their service.

Meetings are held quarterly via teleconference as permitted by Executive order N-29-20 on the third Tuesday of the month at 3:00 pm at:
625 Court Street
Room B001
Martinez, CA 94553


  • February 16, 2021
  • May 18, 2021 
  • August 17, 2021
  • November 16, 2021

The committee allows local agencies, including school and special districts, as well as the public, to participate in reviewing the policies that guide the investment of public funds. These funds are invested by the County Treasurer under the authority granted annually by ordinance at the direction of the Board of Supervisors. The mandate for the existence of the committee was suspended in 2004 by the State of California; however, the committee serves an important function and the Treasurer’s Office has elected to continue the program.