HomeMy WebLinkAboutMINUTES - 10281997 - C76 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Richard J. Martinez, Executive Director
DATE: October 28, 1997
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 1997
SPECIFIC REQUEST(S) OR RECOMMENDATION(S)& BACKGROUND AND JUSTIFICATION
L RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for
the quarter ended September 30, 1997 as required by SB564 (Ch 783).
IL 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:
Failure to accept report 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.
CONTINUED ON ATTACHMENT: YES SIGNATURE !�
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON 0 �2 q)/9�7 APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS
/ I HEREBY CERTIFY THAT THIS IS A
14 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.
ATTESTED (�� �(� _ QP . ) 9 °17
PHIL BATCHELORTCLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY DEPUTY
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HOUSING AUTHORITY of the COUNTY of CONTRA COSTA
INVESTMENT QUARTERLY REPORT
For Quarter Ending 9/30/97
Duration Est. Maturity Value
Custodial Institution I Investment Types I Amount Invested Yield investment Date Maturity Dated Days
Bank of America Certificate of Deposit 175,000.00 4.75% 7/22/97 11/18/97 119 177,747.74
Certificate of Deposit 150,000.00 4.75% 9/26/97 1/13/98 109 152,157.29
Certificate of Deposit 200,000.00 4.75% 7/22/97 11/4/97 105 202,770.83
Certificate of Deposit 150,000.00 4.75% 6/30/97 10/7/97 99 151,959.38
Certificate of Deposit 150,000.00 4.750/. 6/30/97 10/21/97 113 152,236.46
Certificate of Deposit 150,000.00 4.75% 7/31/97 12/2/97 124 152,454.17
Certificate of Deposit 150,000.00 4.75% 7/31/97 12/16/97 138 152,731.25
Certificate of Deposit 150,000.00 4.75% 7/31/97 12/30/97 152 153,008.33
Certificate of Deposit 200,000.00 4.75% 9/29/97 12/29/97 91 202,401.39
Certificate of Deposit 175,000.00 4.75% 9/29/97 12/29/97 91 177,101.22
Certificate of Deposit 100,000.00 4.75% 7/21/97 10/20/97 91 101,187.50
Savings 5,997.52 2.00% 5,997.52
Savings 10,298.11 2.00% 10,298.11
Savings 17,375.31 2.00% 17,375.31
Savings 10,023.58 2.00% 10,023.58
Bank of America Totals $ 1,793,694.52 $ 1,819,450.08
West America Bank Certificate of Deposit $ 230,122.63 5.15% 9/1/97 11/2/97 62 $ 232,163.69
Certificate of Deposit 300,000.00 5.15% 7/22/97 10/1/97 71 303,047.08
Certificate of Deposit 450,000.00 5.15% 9/18/97 11/1/97 44 452,832.50
Certificate of Deposit 1,300,000.00 5.15% 7/22/97 10/1/97 71 1,313,204.03
Certificate of Deposit 1,396,557.96 5.15% 9/1/97 11/2/97 62 1,408,944.65
Certificate of Deposit 750,000.00 5.15% 9/18/97 11/1/97 44 754,720.83
Certificate of Deposit 26,804.89 5.15% 9/1/97 11/2/97 62 27,042.63
Certificate of Deposit 26,974.10 5.15% 9/1/97 11/2/97 62 27,213.34
Certificate of Deposit 57,031.84 5.15% 9/1/97 11/1/97 61 57,537.68
West America Bank Totals $ 4,537,491.42 $ 4,576,706.43
Capital Bank Certificate of Deposit 100,000.00 5.80% 6/2/97 2/24/98 267 104,301.67
Ocwen Federal Bank Certificate of Deposit 100,000.00 5.65% 5/28/97 2/24/98 272 104,268.89
Flagstar Bank Certificate of Deposit 100,000.00 5.75% 5/29/97 2/24/98 271 104,328.47
Franklin Nat'l Bank Certificate of Deposit 100,000.00 5.72% 5/29/97 2/24/98 271 104,305.89
Community State Bank Certificate of Deposit 100,000.00 5.85% 5/28/97 2/24/98 272 104,420.00
Sterns County Nat'l. Certificate of Deposit 100,000.00 5.50% 8/28/97 2/25/98 181 102,765.28
First National Bank Certificate of Deposit 100,000.00 5.60% 8/28/97 2/25/98 181 102,815.56
First Bank of Richmond Certificate of Deposit 100,000.00 5.30% 7/7/97 1/6/98 183 102,694.17
Nat'l Bank of Canby Certificate of Deposit 100,000.00 5.55% 9/15/97 6/16/98 274 104,224.17
Farmers State Bank Certificate of Deposit 100,000.00 5.55% 9/15/97 6/16/98 274 104,224.17
$ 7,331,185.94 $ 7,434,504.78
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