HomeMy WebLinkAboutMINUTES - 02231999 - C198 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Acting Executive Director
DATE: February 23, 1999
SUBJECT: ACCEPT INVESTMEN=T REPORT FOR THE QUARTER ENDING DECEMBER 31, 1998
SPECIFIC REQUESTS)OR RECOMMENNDATION(S)&BACKGROUND AND JUSTIFICATION_
1. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing.Authority of the County of Contra Costa for
the quarter ended December 31, 1998 as required by SB564 (Ch 783).
H. 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 a '`
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON & rr°ary 23„ 1999 APPROVED AS RECOMMENDED XX OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
XX_U_N- AN- IMOUS (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 Fetar_iary 23, 1999
PHIL BATCHELOR,CLERK OF
THE BOARD OF COMMISSIONERS
t AND COUNTY ADMIJSTRATOR
BY# s , s .: DEPUTY
Y
GAHGME\ESIDO\INV BD0DR.DOC
HOUSING AUTHORITY of the COUNTY of CONTRA COSTA
INVESTMENT tiUARTtRLY__RBPORT-
Far Mader En31198
Investment Maturity Duration Est. Maturity Value a@
Custodial
Institution Investment Types Amount Invested Yield Date Date Days Maturlt Date
Bank of
America Certificate of Deposit 175,00000 4.75% 11/10/98 3/9/99 119 177,71{7.10
-- - -- --
Certificat+a of Deposit �- _ 150,000.00 5.05% 8/14/98 1/29/99 - 168, 153,486.58
_ o -
- -- ertificat of Deposit 150 000.00 4 20/° 11/9/98 - 2/261t
182 153,814.52
__ p - ° - --
- - Certificate of De ost 150 000.00 5 10/0 8t28/98, 2/16199 151,708.77
- 1 - .
- -Certificate of Deposit 150,000.00 4.50/09/25/98 1/19/ 116 152,145.21
- - 154 153,006.16
Certificate of Deposit 150,000m -:40-V. - 9/29/98 3/1/99:: - --
Y Certificate of Deposit 150,000.00_ 511/2./98 4/5!99 153 152,829.45
_ -_---- - _ ---
- - _- 152,627.67
P- 0 1 _ -
Certificate of Deposit 150,000.00 4_.601° 9/_15/98 2/1/99' 13
--- _--- -- ffi - 151,933.15_
.._ -- 202,094.25
Certificate of Deposit 200,000.00 4.20/° 12/28198 3/29/99 192
Certificate of Deposit 100,000.00 4.20% 10/19198! 1119/99 92 101,058.63
Savings- - -- - 6,176.70 2.00% 90 6,207.16
Savings 10 605.76 200% 90 10,658.06
Savings 17 894.36 2.0 6 90 17,982.61
_Savings --- 10 32303 2.00% 90 10,373.94
I Savings- 18,016.86 2.00% _ 90 18,105.71
,dank of
America
Totals - �$ 1,738,016.71 - $ 11765,741.96
I
West America
Bank Certificate of Deposit $ 226,978.68 5.20% 12/28/983/28/99 90 229,888.98
- Certificate of Deposit 250,000.00 4.60% 12/19/98 3127/99 98 253,087.671
;Certificate of Deposit 950,000.00 4.60%. 12/19/98 3/27/99 98 961,733.15 '
Certificate of Deposit 1,334,988.22 5.20% 12/28/98 3/28/99 90 1,352,105.33
Certificate of Deposit - 23,394.85 5.05% 9/30/98 1/25/99 117 23,773.56
_ - - - - --
Certificate of Deposit 35,000.00 4.60% 12/19/98 3/27199: 98 35,432.27
Certificate of Deposit 27,130.82 - 5.05% - 6/5/98 9/30/N.-- 117 27,570.00
Certificate of Deposit 30,000.00 4.60% 12/19198 3127/99 98 30,370.52
Certificate of Deposit 56,388.07 5.05% 9/30/98 1125/99 117 57,300.86
- - - --- - ------- "---
Certificate of Deposit 20,000.00 4.60/° 12/19/98 3127/99 98' 20,247.01
West America -
Bank Totals $ 2,953,880.64 $ 2,991,509.37
`.Franklin Nat9
j Bank Certificate of Deposit 100,000.00 4.90% 8/26/98 2/26199 184 102,470.14
Capital Bank Certificate of Deposit 100 000.00 4.80% 8125/98 2/25/99 184 102,419.73
Sterns County
National Certificate of Deposit- 100,000.00 5.15% 7/15/98 7/14/99 364 105,135.89
National Bank
of Canby Certificate of Deposit 100,000.00 5.30% 6/16/98 6116/99 365 105,300.00
Farmers State ---- -
Bank - Certificate of Deposit--- -100,000.00 5.30% 6116/98 6/16/991----- -3651 - - 105,300.00
:
APS Financial
Corporation. FNMA Discount Note 195,307.20 5.00% 8/18/98 2/8/99 174 199,962.47
FNMA Discount Note 97,753.83 4.70% 8/25/98 2/17199 176 99,969.23
- FNMA Discount Note 97,806.15 4.75% 8/26198 2/12199 170 99,969.94
- -- FNMA Discount Note 127,778.47 4.70% 9/9198 7/19/99/ 313 132,928.47
AIM Financia, Money Market ---- -100,000.00 ----- - -- - -
� - � 101,083.78
100,000.00 103,115.93
Community
State Bank Certificate of Deposit 100,000.00 4.80% 8/24/98 2/4/99 1641 102,156.71
$ 6,010,543.00 $ 6,117,063.61
Dec'98 Invgtr4