HomeMy WebLinkAboutMINUTES - 10242000 - HA1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMIS .IO14ERS
FROM: Robert McEwen, Executive Director
DATE. October 24, 2000
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 2000
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 SEPTEMBER 30, 2000 as required by SB564(Ch 783).
I1. FINANCIAL IMPACT:
None. For reporting purposes only.
Ill. 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: X YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON October 24, 2n00 APPROVED AS RECOMMENDED _ OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X 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 October 24, 2000
PHIL BATCHELOR,CLERK.OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
cc: Housing Authority
BY DEPUTY
bo-agncy wide budget
HOUSING AUTHORITY
of the
COUNTY OF CONTRA COSTA
INVESTMENT QUARTERLY REPORT
t For Quarter E dina 9/30/2000
Investment Maturity Est. Maturity
Amount [Days
ation Value@ Maturity
Custodial Institution Investment Types Invested Yield Date Date Date
Bank of America Certificate of Deposit 119,997.83
p 5.20°l0 915/001 10/10/001 35 120,596.18
Certificate of Deposit 102,635.61 5.20% 8/8/001 10/23100' 76 103,746.89
Certificate of De osit 155,281.16 5.60% 7/20/001 12/11/00 144 158,711.81
Certificate of De osit 155,877.21 5.60% 8/30/00'' 2/2/01 1561 159,608.01
Certificate of Deposit 150,021.99 : 4.70% 6/16/00' 1211100 168 153,267.40
Certificate of De osit 150,115.61 5.16% 8/25/00 213/01 : 162 153,553.55
Certificate of Deposit 150,000.00 5.60% 6/27/001 10/4100 99 152,278.36
Certificate of De osit 165,330.00 5.60% 615100 11/6/00 154 169,236.32
Certificate of De osit 150,000.00 5.60010 8/11/00 112101 1441 153,313.97
Savings 6,282.30 ; 2.00%1 120 6,323.61
Savings 10,787.071 2.00% 1201 10,858.00
Savings 18.200.241 2.00% 1201 18,319.91
Savings 18,372.54 2.00%i 1201 18,493.35
Savings L 10.499.50 2.00% 120 10,568.54
$ 1,363,401.06 $ 1,388,875.88
i
Bear Sterns Certificate of Deposit 99,000.00 6.10% 4/28/001 4/30/01 367 $ 105,072.09
Superior Bank Certificate of Deposit 99.000.00 6.10% 9/13/00' 9/13/01 365' $ 105,039.00
West America U.S—T–re-asury Bills 308,644.34 5.00% 9112/001 1/1/01 111 $ 313,337.43
U.S Treasury Bills - 1,000,000.00 1 5.00% 9/12100' 1/1/01 : 111 $ 1,015,205.48
Certificate of Deposit 1 250,000.00 5.65% 4124/00 10/21/00 180 $ 256,965.75
Certificate of Deposit 100,000.00 5.65%1 4/24/001 10/21/00 180 102,786.30
Certificate of Deposit 405,537.00 5.65% 4/24100' 10/21/00 1801 416,836.48
$2,064,181.34 $ 2,105,131.44
First NG &TC Certificate of Deposit $ 100,000.00 6.00°!0 9/20100 6/20101' 273 104,487.67
Certificate of De osit $ 100,000.00 6.15% 9120/00 9/20/01 365 106,150.00
Certificate of De osit 1 $ 100,000.00 6.100!0' 9/20/00 9120101 365 106,100.00
$ 300,000.00 $ 316,737.67
Capital Bank Certificate of Deposit $ 100,000.00 6.50% 8/25/00 8/25/01 ; 365 $ 106,500.00
National Bank of
Canby Certificate of Deposit $ 100.000.00 6.400!0; 6/16/00 6/15/01 364 $ 106,382.47
I
Farmers State Bank Certificate of Deposit $ 100,000.00 6.40% 6/16/00 6/15101 364 $ 106,382.47
APS Financial
Corporation. I FNMA Discount Note 203,714.39 6.450% 7/20/00 7119/01 364 216,817.97
FNMA Discount Note 99,652.80 5.200% 316/00 1/2/01 302 103,940.33
FNMA Discount Note 1 110,605.34 6.350% 8117/00 2/7101 1741 113,953.50
FNMA Discount Note 93,000.00 : 6.6390!0 8/31001 7119101 350 1 98,920.53
FNMA Discount Note 99,988.35 5.200% 2/28/00: 2/9/01 347 104,931.34
FNMA Discount Note 109,836.79 6.451% 7/20/00' 7/19/01 364 116,902.95
FNMA Discount Note 99,652.80 5.200% 316/00 1/2/01 302 103,940.33
FNMA Discount Note 128,519.24 6.500%1 0 11127/00 143 131,792.08
$ 944.969.71 $ 991,199.02
AIM institutional Funds Money Market $ 15,209.79 ' 4.00% 30 $ 15,259.79
$5,185.761.90 $ 5,329,842.16
Investments 3rdgtr'2000