HomeMy WebLinkAboutMINUTES - 02041986 - 1.46 04,16
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To! BOARD OF SUPERVISORS
FROM: Phil Batchelor, County Administrator n,,n♦
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DATE:
January 24, 1986 Costa
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SUBJECT;
County Investment Policy
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) a BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Acknowledge receipt of report for period 12-1-85 through 12-31-85
from County Treasurer-Tax Collector, pursuant to Government Code
Section 53646, commenting on County investment policy and
identifying specific investments currently held by the Treasurer.
BACKGROUND:
SB 115 (Chapter 1526, Statutes of 1985) became effective January
1, 1986. SB 115 amended Government Code Section 53601, 53635 and
53546 relating to funds of local agencies to require the
Treasurer to annually render a statement of investment policy to
the Board of Supervisors and then to file a monthly report with
the County Administrator and Board of Supervisors detailing
investments made by the Treasurer.
The Treasurer has complied with the provisions of SB 115 . We
herewith transmit a copy of the monthly report as of December 31, '
1985. We will continue to file these reports with the Board on a
monthly basis.
CONTINUED ON ATTACHMENT: X YES SIGNATURE;
_ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE OTHER
SIGNATURE(S): '6z Z&nv 9�
ACTION OF BOARD ON February 4, 1986 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT �ZfI ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES. AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT; ABSTAIN: OF SUPERVISOFP ON THE DATE SHOWN. /' f
CC: County Administrator ATTESTED
County Treasurer
County Auditor PHIL BATCHELOR, CLE K OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
\Q3
BY ,DEPUTY
Office of
COUNTY TAX COLLECTOR-TREASURER
Contra Costa County
Rooms 100- 101 Finance Building
Martinez, California
Date: January 17 , 1986
T0: Phil Batchelor, County Administrator
From: Alfred P . Lomeli , Treasurer-Tax Collector
Subject: Senate Bill #115 , Chapter 1526 (amends Government Code 53601,.
53635 and 53646 , County Investment Policy
The attached investment information is intended to comply with
the above Senate Bill #115 and covers the period 12/1/85 through 12/31/85 .
APL:dmp
attachments
S-30
Please be advised that Contra Costa County has no Reverse Repurchase
Agreement investments made pursuant to Government Code Sections 53601
(subdivision i) or 53635 (subdivision i) or any investments made pur-
suant to Government. Code 53601 . 1.
Contra Costa County' s projected disbursements for January, 1986 , are
$28,018 ,000 . This expenditure total will be met through projected
cash receipts of $19,290 ,000 and planned investment maturities in
excess of $10 ,000 ,000 .
LOCAL AGENCY INVESTMENT FUND (L.A. I .F. )
The L.A. I .F. is a pool type investment administered by the State. The
County has always maintained an investment in this fund because it has
certain inherent advantages to us, the most important being the ability
to make an investment without declaring the maturity date.
County L.A.I .F. Investment as of 12/31/85 $ 1 ,136,271. 00
Current Market Value is 1000 of par, or $ 1 ,136 ,271. 00
INVESTMENTS OF MORE THAN ONE YEAR MATURITY
Date: 12/31/85
Small Business Administration Loan Listing of Government Guaranteed Loans
EARNINGS APPLICABLE
NAME LOAN AMOUNT RATE PRIME RATE 92%
ANACOM GENERAL $ 67 ,739 .59 prime
BILL MARTIN CHEVROLET 82 ,396 . 69 prime LESS 1/8%
CANVAS MOBILES 59 ,904. 00 prime
GUILLEY TRUCKING, INC. 313 ,386 . 53 prime
MEDICAL ANALYSIS 274 ,351.70 prime + 2%
SYSTEMS
PENNINSULA SKATING 435,713 .96 prime
CORP.
PRINCETON MOTOR INN 344, 460 . 12 prime
$ 1,577 , 952.59
Market value of the above is 100% of loan amount with minor variations
for those with higher than prime earnings .
The above investments were made for the purpose of increasing overall
county investment yield. Yields on this type of investment are the
highest rate of return that we receive. This type of investment is
geared to the bank prime rate and adjusts quarterly so that returns
are always high with relation to other current rates of return.
FM VU , 8177: GENERAL COUNTY INVFSTMENTS
07/17/85 01 /.15/86 13594 4 C 7.6250 5009000 .06
AW 11/19/85 01/15/86 14652 22 3110 8.1500 99000 .00
12/24/85 01/15/86 14929 22 4984 8.1500 859000.00
Ll7/23/85 01 /22/86 13626 i7 n 7.7500 2x7009000 .00
08/13/P5 02/11 /86 13790 10 i) 7.9500 19n009000 .00
CB/27/85 02/24 /86 13913 25 0 9.0000 2.909000.00
09/17/:)5 03/17/86 14011 10 0 x.1000 191009000.00
12/19185 04/08/86 14927 26 4984 R.2000 1009000.00
11/12/85 05/13 /86 14588 18 ^ 8.4500 1009000.00
11/25/85 135/27 /86 14800 15 982 7.60 00 1 9 450 9 700 .00
12/17/85 05/17/86 14891 4 0 7.7500 5009000 .00
06/19/85 06/19/86 13215 24 0 x' .4000 190009000.00
12/12/85 .12/11 /86 14839 24 0 8.3500 60 0009000400
'r
FUND NO . 8177 TOTAL 149 .1459000 .00
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