HomeMy WebLinkAboutMINUTES - 12071999 - C147 • �
TO: BOARD OFSUPERVISORS
Contra
. ' '`-
FROM: ,
William J. Poliacek, Treasurer-Tax Collector -- Costa
DATE: y .� �\.,J4..{��/
November 12, 1999 `y
SUBJECT.
TREASURER'S INVESTMENT REPORT THROUGH SEPTEMBER 30, '1999
SPECIFIC REOUEST(S)OR RECOMMENDATION(S)3 BACKGROUND AND JUSTIFICATION
RECOMMENDATION (S):
ACCEPT the report from the Treasurer-Tax Collector on County investments as
of September 30, 1999.
BACKGROUND/REASON (S) FOR RECOMMENDATION (S):
Government Code section 53646 requires the County Treasurer to prepare
quarterly reports to the Board of Supervisors describing Count} investments
including type, cost, par value and market value. Attached please find the report
covering the period through September 30, 1999. Section 3 the balance of the
report is an appendix with financial data which is available for reference at the
Clerk of the Board's office.
CONTINUED ON ATTACHMENT: _X YES SIGNATURE: `f
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF HOARD COMMITTEE
APPROVE {
OTHER
SIGNATURE(S):
ACTION OF BOARD ON - Tl e c e m b e r 7 , 1999 APPROVED AS RECOMMENDED -XX OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
.. -UNANIMOUS{ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
ATTESTED. -- b e e eM A r 7 1999
Contact:
CC: PHIL BATCHELOR.CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY
,DEPUTY
CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF SEPTEMBER 30, 1999
TABLE OF CONTENTS PAGE A
NUMBER
SECTION 1 Executive Summary 1
SECTION 2 Treasurer's County Investment Pool Summary 2 - 3
SECTION 3 Appendices
A. Investment Portfolio Detail - Managed by the Treasurer's Office 4
1. Portfolio 5 -19
2. Market Valuation Sources 20 -21
B. Investment Portfolio Detail - Managed by Outside
Contracted Parties
1. State of California Local Agency Investment Fund 1 -1
a. Summary 1 - 2
b. Statements 1 - 3
2. Capital Asset Management Funds 2 - 1
a. Wells Fargo 2 - 2
b. Bank of America 2 - 8
3. California Arbitrage Management Program for 3 -1
Redevelopment Agency (Contra Costa County
Public Financing Authority)
a. Summary 3 - 2
b. Portfolio 3 - 3
c. Market Valuation Sources 3 - 6
4. Washington Mutual Bank for Housing Rehabilitation 4 -1
(Neighborhood Preservation)
4.5. Guaranteed Investment Contract Summary 4.5 -1
5. AIG, Inc. for Multi-School District — Guaranteed 5 -1
Investment Contract
6. MBIA Inc. and First Trust of California for Acalanes 6 -1
Unified School District- Guaranteed Investment Contract
7. FGiC Capital Market Services for Lafayette Unified 7 -1
School District - Guaranteed Investment Contract
8. US bank Corporate Trust Services for County of 8 -1
Contra Costa Community Facilities District No 1991-1
(Pleasant Hill Bart Station Area) 1998 Special
Tax Refunding Bonds Reserve
9. Other 9 -1
EXECUTIVE SUMMARY
• The Treasurer's investment portfolio is in compliance with
Government Code 53600 et. seq..
• The Treasurer's investment portfolios is in compliance with the
Treasurer's current investment policy.
The total investment pool equaled $1,127,838,122, on
September 30, 1039. The fair value was $1,128,396,380,
which was 100.05'/0 of cost.
• The weighted average maturity of the total investment pool
was 113 days. Over 92 percent of the portfolio or over $1,038
million will mature in less than a year. The County is able to
meet its cash flow needs for the next six months.
A.lwo(MeXeWiv Sum
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF SEPTEMBER 30, 1999
1. All report information is unaudited but due diligence was utilized in its preparation.
. There may be slight differences between the portfolio summary page and the attached
exhibits and statements for investments managed by outside contractors or trustees. The
variance is due to the timing difference in recording transactions accomplished by
contracted parties during interim periods and later transmitted to the appropriate county
agency and/or the Treasurer's Office. In general, the Treasurer's records reflect booked
costs at the beginning of a period.
3. First Union Securities, Incorporated has been added to the list of authorized brokers and
dealers during the first quarter of fiscal year 99-20001. First Union Securities is a
subsidiary of First Union Bank.
kNotes
3