erica cheng is our clerk. please call item number 1. eclerk: approval. this is an action item. supervisor mar: thank you. there is a motion without objection for the minutes. is there any public comment? seeing none, public comment is closed. we approving the minutes of june 8, 2010. clerk: recommend approval of the policy. this is an action item. >> today we have a recurring annual item, best practices. we update the investment policy and debt policy once a year, and on the advice of financial management, we are recommending a few minor changes. in the investment policy, 4 minor changes. we are recommending to expand the scope of the investments. page twelve of the packet, we are adding placement service certificates of deposit and requiring those deposits be fdic insured. we are adding language to change to be cnosistent with the investment report, and we are adding a more comprehensive policy. we are editing the financing on page 20 and modifying our financial alternative to extend long-term bonds. page 22 of the packet, we are modifying types of debt to include more. page 3