HomeMy WebLinkAboutMINUTES - 08102004 - HA1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: August 10, 2004
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2004
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, 2004 as required by SB564(Ch 783).
It. FINANCIAL IMPACT:
None. For reporting purposes only.
Ill. REASONS FOR RECOMMENDATION/BACKGROUND
The Housing Authority of the County of Contra 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).
ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED -OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X—UNANIMOUS (ABSENT � ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
COMMISSION RS ON THE DATE SHOWN.
O'
ATTESTED G; ` 6TI
JOISAWEETEN,CLERK O
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY `� EPUTY
H:\IudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doe
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
_ INVESTMENT REPORT -
___ For Period Ending 06/3012004
Custodial institution investment Type Amount invested Market Value as at Yield investment Maturity Date Duration Clays Estimated Value
04101!04 bats Maturity Date
APS Financial Corp.
Cash Fund Money Market 25,097.28 0.500% 25.057.28
Federal Nl Loan Mt C0 Discount Note 235,000.00 237,129.10 3.000% 3/28103 3/28/08 1827 270,288.63
Federal Home Loan Bank Discount Note 265,000.00 286,07 .90 3.160% 6119103 6/18108 1827 306,915.88
--
Federal Name Loan Bank Discount Not® 355,000.00 354,666.30 2.870°10 7102103 7IO2I08 1827 40 ,998.33
Federal Nati Mt Assoc Discount Nate 325,000.00 322,055.50 2.600% 6/30103 6130108 1827 367,296.30
Federal Home Loan Bank Discount Note 395,000.00 395,865.05 3.350% 8107/03 8107108 1827 461,235.01
Federal NatiMt Assoc Discount Note 120,000.00 118,875.60 3.150% 3123104 3/16/09 1819 138,837.86
Sub-totais 1,720,097.28 1 694 667.46 1,976,889.29
Searn Steams Securities
Alliance instl Reserves Inc oney Market 35.00 0.380% 35.00
Direct Merchant C/Gerd Bank Certificate of De osi£ 100,000.00 4.000% 10/30/01 10/30/04 1096 112,010.95
Capital One Savi s Caniftca£e of Da osit 100,000.00 3.210010 12130102 12/30/04 731 106,428.79
Providian Natonal Bank Certificate of De osit 100,000.00 2.960% 1113103 1113/05 731 105,928.11
MBNA America Bank Certificate of De asi# 97,000.00 2.960010 1113103 _ 1113/05 731 102,750.27
United Kin feid Bsnk Certificate of Da osi# 100,000.00 3.000% 12/30/03 12/29/06 1095 109,000.60
Sub totais $ 497 036.00 $ 636,163.13
Ke Hank USA ,NA
Certificate of Da sit 99,000.00 4.870% 9/14/01 9/14106 1826 123119.71
L A i F Acct 1#26-07-003 Li td Account 66 474.86 1.470% 66,474.85
DE ANZA GARDENS LP LOAN $ 1,000,000.00 3.000% 1,000,000.00
Grand Totals $ 3,3$1,607.13 $ 1,694,667.46 # 0.08 ; 37,148.00 1$ 38,974,00 $ 1,826.00 $ 3,700,416.98
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IWESTMENTS O4-05
(dUt..Y-SEPT 2004} Page 1 Of 1 bast Printed: 717/2004