Humboldt County Grand Jury • 2014-2015

The Headwaters Fund Charter

Published: June 28, 2015 8 pages
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Findings and Recommendations 3 findings

F1
The Headwaters Fund Charter mandates a drafting of a review, and by interpretation, a written charter review every three years. There is no evidence any such reviews were ever drafted or written.
Related Recommendations (1)
R1
The Humboldt County Grand Jury recommends that the Humboldt Board of Supervisors direct the Headwaters Fund Board to begin the process of drafting a full and thorough charter review. (F1)
F2
The Headwaters Fund Charter mandates public participation in the drafting of charter reviews every three years. There is no evidence that public participation was ever a part of the drafting of a charter review.
Related Recommendations (1)
R2
The Humboldt County Grand Jury recommends that the Humboldt Board of Supervisors direct the Headwaters Fund Board to create and implement a plan for public input into the drafting of a charter review. (F2)
F3
The Headwaters Fund Charter mandates that the funds are kept working in the community in perpetuity. The current Headwaters Fund Charter investment portfolio managed by the Humboldt County Treasurer does not meet the necessary requirement of lasting in perpetuity and over time will erode the fund’s ability to serve its stated purpose.
Related Recommendations (2)
R3
The Humboldt County Grand Jury recommends that the Humboldt County Board of Supervisors amend the Headwaters Fund Charter, Section 3 - Control and Oversight, to allow the Humboldt Area Foundation to manage the Headwaters Fund investment portfolio. (F3)
R4
The Humboldt County Grand Jury recommends that the Humboldt Board of Supervisors or their appointed proxy begin the contract negotiations necessary to transfer the management and oversight of the Headwaters Fund Investment Portfolio to the Humboldt Area Foundation. (F3) 7

Agency Responses 2

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No Responses Found 2

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Humboldt County Board of Supervisors Elected County Office
Humboldt County Treasurer-Tax Collector Elected County Office