HomeMy WebLinkAboutMINUTES - 07252006 - HA.1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Rudy Tamayo, Acting Executive Director
DATE: July 25, 2006
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2006
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending June 30, 2006 as required by SB564(Ch 783).
II. FINANCIAL IMPACT:
None. For reporting purposes only.
III. 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
Rudy tarnayoffxecutive Director
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED V OTHER
VOTE OF COMMISSION RS
I HEREBY CERTIFY THAT THIS IS A
,J-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.
ATTESTED25
CULLEN, CLERK OF
E BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
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
Y
Investment Type Amount Invested Yield Investment Date Maturity Date Duration Days Estimated Value@
Maturity Date
APS Financial Corp.
Cash Fund Money Market 27,113.37 1.000% 27,113.37
Federal Home Loan Bank Discount Note 40,000.00 4.250% 4/14/05 3/15/10 1796 48,364.93
Federal Natl Mtg Assoc Discount Note 100,000.00 4.450% 5/03/05 11/23/09 1665 120,299.32
Federal Natl Mtg Assoc Discount Note 100,000.00 4.410% 6/03/05 5/24/10 1816 121,941.26
Federal Home Loan Bank Discount Note 345,000.00 4.500% 6/07/05 3/08/10 1735 418,796.92
Federal Natl Mtg Assoc -1 Discount Note 600,000.00 4.500% 6/08/05 2/25/10 1723 727,454.79
Federal Nall Mtg Assoc -1 Discount Note 300,000.00 4.500% 6/30/05 2/25/10 1701 362,913.70
Federal Natl Mtg Assoc -1 Discount Note 100,000.00 4.500% 7/06/05 2/25/10 1695 120,897.26
Federal Natl Mtg Assoc Discount Note 125,000.00 4.550% 7/27/05 5/24/10 1762 152,455.82
Federal Home Loan Bank Discount Note 255,000.00 4.800% 7/28/05 8/10/10 1839 316,669.48
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/10/05 8110/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 4.375% 10/18/05 1/12/09 1182 114,167.81
Federal Natl Mtg Assoc Discount Note 100,000.00 5.150% 2/22/06 1/01/11 1774 125,030.41
Federal Natl Mtg Assoc Discount Note 100,000.00 5.150% 4/10/06 1/24/11 1750 124,691.78
Federal Home Loan Bank Discount Note 100,000.00 5.350% 5/05/06 3/03/11 1763 125,841.23
Federal Home Loan Mtg CorpDiscount Note 100,000.00 5.250% 5/23/06 2/24/11 1738 124,998.63
Federal Nat[ Mtg Assoc Discount Note 100,000.00 5.750% 6/12/06 4/07/11 1760 127,726.03
Sub-totals 2,892 113.37 3,534,403.84
Bearn Stearns Securities
United Kingfield Bank Certificate of Deposit 100,000.00 3.000% 12/30/03 12/29/06 1095 109,000.00
Capital City B&T Co Certificate of Deposit 99,000.00 3.660% 12/30/04 12/30/07 1095 109,870.20
Mutual Bank Certificate of Deposit 99,000.00 4.100% 1/13/2005 1/4/2009 1452 115,147.04
Security ST Bank of Wannamin o Certificate of Deposit 100,000.00 4.000% 3/16/05 6/16/08 1188 113,019.18
Providian National Bank Certificate of Deposit 100,000.00 4.000% 4/11/05 1/11/08 1005 111,013.70
Shore Bank Certificate of Deposit 50,000.00 5.000% 1/09/06 6/14/10 1617 61,075.34
Discover bank Certificate of Deposit 15,000.00 5.150% 1/12/06 5/06/11 1940 19,105.89
Middleton Community Bank Certificate of Deposit 25,000.00 4.800% 1/12/06 1/11/08 729 27,396.71
Peoples Bank&Trust Co Certificate of Deposit 99,000.00 5.400% 5/17/2006 5/19/2008 733 109,735.94
Union National Bank&Trust Certificate of Deposit 99,000.00 5.050% 5/11/06 5/11/07 365 103,999.50
Sub-totals $ 786,000.00 $ 879,363.50
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L A 1 F Acct#25-07-003 Liquid Account $ 2,017,831.08 4.030% 2,017,831.08
DE ANZA GARDENS LP LOAN $ 1,000,000.00 3.000% 1,000,000.00
Grand Totals $ 6,794,944.45 $ 37,148.00 $ 38,974.00 $ 1,826.00 $ 7,554,718.12