HomeMy WebLinkAboutMINUTES - 08022005 - HA1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA A
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: August 2, 2005
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2005
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, 2005 as required by SB564(Ch 783).
Il. 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).
CONTINUED ON ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
AP _0D
ACTION OF BOARD ON PROVED AS RECOMMENDED V1 0 HI.;r1'#_
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
V/UNANIMOUS (ABSENT TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
COMMISSIONERS ON THE DATE SHOWN.
ATTESTED62-1 cp4xr,
JO SWEETEN, OF
T E ftBOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
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BY DEPUTY
H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 06/30/2006
Custodial Institution Investment Type Amount Invested Market Value as at Yield Investment Date Maturity Date Duration Days Estimated Value@
Maturity Date
APS Financial Corp.
Cash Fund Money Market 23 005.65 1.000% 230005.65
Federal Home Loan Bank Discount Note 265,000.00 2561554.45 3.160% 6/19/03 6/19/08 1827 3061915.88
Federal Natl Mt g Assoc Discount Note 120,000.00 1141375.60 3.150% 3/23/041 3/16/09 1819 138,837.86
Federal H/Loan Mt g Corp Discount Note 120,000.00 117,102.00 3.750% 7/15/04 4/28/08 1383 137,050.68
Federal Natl Mt g Assoc Discount Note 100 000.00 96,875.00 3.550% 9/14/04 9/14/09 1826 117,759.73-
Federal Home Loan Bank Discount Note 1001000.00 98,469.00 3.250% 12/30104 12/30/09 1826 116,258.90
Federal Home Loan Bank Discount Note 40,000.00 40,000.00 4.250% 4/14/05 3/15/10 1796 48,364.93
Federal Natl Mt g Assoc Discount Note 1001000.00 1001000.00 4.450% 5/03/05 11/23109 1665 120,299.32
Federal Natl Mt g Assoc Discount Note 1001000.00 1001000.00 4.410% 6/03/05 5/24/10 1816 121,941.26
Federal Home Loan Bank Discount Note 3451000.00 345,000.00 4.500% 6/07/05 3/08/10 1735 4181796.92
Federal Natl Mt g Assoc -1 Discount Note 600 000.00 6001000.00 4.500% 6/08/05 2/25/10 1723 7271454.79
Federal Natl Mt g Assoc -1 Discount Note 3001000.00 300,000.00 4.500010 6/30/05 2/25/10 1701 3621913.70
Sub-totals 292139006.66 21168,376.06 21639,699.63
Bearn Stearns Securities
Alliance Instl Reserves Inc Money Market 39.00 1.770010 39.00
United IQngfield Bank Certificate of Deposii 100,000.00 3.000010 12/30103 12/29/06 1095 1091000.00
Capital City B&T Co Certificate of Deposit 991000.00 3.660% 12/30/04 12/30/07 1095 1091870.20
Mutual Bank Certificate of osit 991000.00 4.100% 1/13/2005 1/4/2009 1452 1151147.04
Securl!y ST Bank of Wannamingo Certificate of Deposit 100,000.00 4.000010 3/16/05 6/16/08 1188
Providian National Bank Certificate of Deposit 100,000.00 4.000% 4/11/05 1/11/08 1005
Sub totals 1 4989039.00 $ 334066.24
Key Bank USA NA Certificate of Deposit 991000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L A I IF(Acct#26-07-003) Liquid Account $ 111729130.47 2.380% 11172,130.47
DE ANZA GARDENS LP LOAN $ 11000,000.00 3.000% 11000,000.00
Grand Totals $ 4,9829176.12 $ 2,168,376.06 $ 37,148.00 $ 38,974.00 19826.00 $ 61268,906.06
INVESTMENTS 05-06
(APRIL-JUNE-05) Page 1 of 1 Last Printed:7/7/2005