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HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: August 12, 2003
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2003
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
1. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending June 30, 2003 as required by SB564(Ch 783).
11. FINANCIAL IMPACT:
None. For reporting purposes only.
III. REASONS FOR RECOMMENDATION/BACKGROUND
The Housing Authority of the County of Centra Costa is required to comply with the new local
government investment laws effective January 1, 1996. The quarterly investment report details all
investments of the Housing Authority, including custodial institution, type of investment, amount invested,
yield, investment date, maturity date, investment period, and estimated maturity value. The investments
are in accordance with the Investment Policy, ensuring safety, liquidity and yield. All investments are held
in authorized investment securities.
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of Commissioners elect not to accept the investment report it would result in an
audit finding of non-compliance and could ultimately affect future funding from the U.S. Department of
Housing and Urban Development (HUD).
o'
CONTINUED OINT ATTACHMENT: —YES SIGNATURE e�.s
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON August 12, 2003 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT None ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
*Hcusing Advisory Commission Seat VACAW COMMISSIONERS ON THE DATE SHOWN.
ATTESTED &M=t 12, 2003
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
DEPUTY
H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doe t
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
-------_.____ INVESTMENT REPORT
For Period Ending 06/30/2003
Market Value as at Investment Maturity Duration Estimated Value@
Custodial Institution investment Type Amount Invested 04/01/03 Yield pate Date gays Maturity Date
APS Financial Corp.
Cash Fund Money Market 12,072.70 0.500%
Federal Home Loan Dank Discount Note 165,000.00 166,625.25 3.000% 12/27/02 12/15/06 1449 184,650.82
Federal Home Loan Dank Discount Note 100,000.00 100,749.00 3.100% 1/09/03 7/15107 1648 113,996,71
Federal H/Loan Mtg CorpDiscount Note 235,000.00 232,283.40 3.000% 3/28/03 3/28108 .1827 270,288.63
Federal Home Loan Bank Discount Note 575,000.00 575,000.00 3.650% 5/22/03 5/22/08 1827 680,052.50
Federal Home Loan Bank Discount Note 265,000.00 266,325.00 3.160% 6/19/03 6319108 1827 306,915.88
Federal Home Loan Bank Discount Note 355,000.00 355,000.00 2.870% 7/02/03 7/02/08 1827 405 998.33
Federal Nati( 2
Mtg Assoc Discount Note ry y3�25,0y00.00ry /325,000.00 2.600% 6130/03 6130108 1827 3667 296.30
Subtotals ,032,072.70 2,020,982.96 2,329,199.18
Bearn Steams Securities
Alliance Inst]Reserves Inc Money Market 35.00 0.380% 35.00
Wauwatosa Savings Bank Certificate of Deposit 100,000.00 3.500% 10/30/01 4/30104 913 108,754.79
Direct Merchant C/Card Bank Certificate of Deposit 100,000.00 4.000% 10/30/01 10130/04 1096 112,010.96
Lighthouse Community Bank Certificate of Deposit 100,000.00 4.200% 11115101 11/15/05 1461 116,811.51
Euro Bank Hato Rey Certificate of Deposit 100,000.00 5.100% 11130/01 11/30/06 1826 125,513.97
Heritage Bank Certificate of Deposit l9q,000.00 3.000% 6124102 12/24/03 548 104,504.11
State Farm Bank Certificate of De posit 100,000.00 3.200% 6124/02 6/24/04 731 106,408.77
Capital One Bank Certificate of Deposit 100,000.00 3.210% 12/30/02 12130/04 731 106,428.79
Providlan Natonal Bank Certificate of De oslt 100,000.00 2.960% 1/13/03 1113/051 731 1051928 11
MBNA America Bank Certificate of Deposit 97,000.00 2.960% 1113/03 1/13/05 731 102,750.27
Subtotals $ 897,036.00
$ 988,146.28
Key bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L A I F Acct#25-07-003 Liquid Account $ 276,319.25 1.910°!0276,919.26
Grand Totals $ 3,304,426.95
$ 3,717,784.42
INVESTMENTS 03-04
(JUNE-03) Page 1 of 1 Last Printed, 7/3/2003