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HomeMy WebLinkAboutMINUTES - 09172002 - C.79 TO: BOARD OF SUPERVISORS Contra Costa FROM:William J. Pollacek, Treasurer-Tax Collector DATE: September 10, 2002 o u n`"y SUBJECT TREASURER'S INVESTMENT REPORT THROUGH JUNE 30, 2002 SPECIFIC 9 QUESTS)OR€ ECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION Recommendation: RECOMMENDATION (Sl: ACCEPT the report from the Treasurer-Tax Collector on County investments as of June 30, 2002. BACKGROUNDIREASON 'S FOR RECOMMENDATION (S): Government Code section 53646 requires the County Treasurer to prepare quarterly reports to the Board of Supervisors describing County investments including type, cost, par value and market value. Attached please find the report covering the period through ,lune 30, 2002. Section 3 the balance of the report is an appendix with financial data which is available for reference at the Clerk of the Board's office. WJP:bkr Attachment CONTINUED ON ATTACHMENT: YES SIGNATURE: ' "` RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Y: APPROVE OTHER SIGNATURES. . ACTION OF BOA�6i tit .� 0 f" '� APPROVED AS RECOMMENDED OTHER +..i VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. �1 UNANIMOUS{ABSENT AYES: NOES: ABSENT: ABSTAIN: Cc: ATTESTED CLERK OF THE BOARD OFSUPERVISORS BY: DEPUTY CONTRA COSTA COUNTY TREASURER'S QUARTERLY INVESTMENT REPORT AS OF JUNE 30, 20032 TABLE OF CONTENTS @qe f. Executive Summary 1 il. Treasurer's County Investment Pool Summary 2 Ill. Appendix A. Investment Portfolio Detail—Managed by Treasurer's Office 4 1. Portfolio 5 2. Market Valuation Sources 19 B. Investment Portfolio Detail—Managed by Outside Contracted Parties 1. State of California Local Agency Investment Fund 1-1 a. Summary 1-2 b. Statements 1-3 2. Capital Asset Management Funds 2-1 a. Wells Fargo Bank 2-2 b. Bank of America 2-12 3. California Arbitrage Management Program for Redevelopment Agency 3-1 (Contra Costa County Public Financing Authority) a. Summary 3-2 b. Portfolio 3-3 4. Guaranteed Investment Contract Summary 4-1 a. Summary 4-2 b. Statements 4-3 5. U.S. Bank Corporate Trust Services. Community Facilities District 5-1 No. 1991-1 (Pleasant Hill Bart Station Area) 1998 Special Tax Refunding Bonds Reserve 6. Mechanics Bank for Micro Enterprise Loans 6-1 7. Other 7-1 i EXECUTIVE SUMMARY 0 The Treasurer's investment portfolio is in compliance with Government Code 53600 et. seq.. • The Treasurer's investment portfolio is in compliance with the Treasurer's current investment policy. ! The Treasurer's investment portfolio has no securities lending, reverse repurchase agreements or derivatives. The total investment pool equaled $1,525,358,622 on June 30, 2002. The fair value was $1,531,273,817 which was 100.4% of cost. The weighted average maturity of the total investment pool was 64 days. Over 93 percent of the portfolio or over $1,426 million will mature in less than a year. The County is able to meet its cash flow needs for the next six months. O The County Treasurer's investment policy for fiscal year 2002-2003 was accepted by the Board of Supervisors on June 4, 2002. • The annual audit on Treasury operations for calendar year 2001 was accepted by the Board on June 25, 2002. 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All report information is unaudited but due diligence was utilized in its preparation. 2. There may be slight differences between the portfolio summary parte and the attached exhibits and statements for investments managed by outside contractors or trustees. The variance is due to the timing difference in recording transactions accomplished by contracted parties during interim periods and later transmitted to the appropriate county agency and/or the Treasurer's Office. In general,the Treasurer's records reflect booked costs at the beginning of a period. kNotes 3