HomeMy WebLinkAboutMINUTES - 12172002 - C.132 TO: BOARD OF SUPERVISORS ., fes- ' ;�, Contra
FROM: William J. Pollacek, Treasurer-Tax Collector 'Y,:,:.
Costa
DATE: December 10, 2002 County
SUBJECT-T'REASURER'S INVESTMENT REPORT THROUGH SEPTEMBER 30,2002
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
Recommendation:
ACCEPT the report from the Treasurer-Tax Collector on County investments as
of September 30, 2002,
BACKGROUND/REASON (S) FOR RECOMMENDATION (S
Government Code section 53646 requires the County Treasurer to prepare
quarterly reports to the Board, of Supervisors describing County investments
including type, cost, par value and market value. Attached please find the report
covering the period through September 30, 2002. 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.
WJP:bkr
Attachment
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA O F BOARD COMMITTEE
� APPROVE OTHER
SIGNATURE(S):'
ACTION OF BdAAR70N DEMARR 17, 2002 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
X UNANIMOUS(ABSENT
THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
l�Ild }
AYES: NOES:
ABSENT: ABSTAIN:
Contact
Cc: ATTESTED DEMUER 17, 2002
r CLERK OF THE BOARD OFSUPERVISORS
JOHN StTV
BY: DEPUTY
' �.
CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF SEPTEMBER 30, 2002
TABLE OF CONTENTS
Page
1. Executive Summary 1
Il. Treasurer's County Investment Pool Summary 2
Ill. Appendix
A. Investment Portfolio Detail—Managed by Treasurer's Office 4
1. Portfolio 5
2. Market Valuation Sources 19
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 Bank 2-2
b. Bank of America 2-18
3. California Arbitrage Management Program for Redevelopment Agency 3-1
(Contra Costa County Public Financing Authority)
a. Summary 3-2
b. Portfolio 3-3
4. Guaranteed Investment Contract Summary 4-1
a. Summary 4-2
b. Statements 4-3
5. BNY Western Trust Services. Community Facilities District 5-1
No. 1991-1 (Pleasant Hill Bart Station Area) 1998 Special Tax
Refunding Bonds Reserve
6. Mechanics Bank for Micro Enterprise Loans 6-1
7. Other 7-1
i
EXECUTIVE SUMMARY
• The Treasurer's investment portfolio is in compliance with
Government Code 53600 et. seq..
• The Treasurer's investment portfolio is in compliance with the
Treasurer's current investment policy.
• The Treasurer's investment portfolio has no securities lending,
reverse repurchase agreements or derivatives.
The total investment pool equaled $1,325,052,991 on
September 30, 2002. The fair value was $1,333,819,510
which was 100.7% of cost.
The weighted average maturity of the total investment pool
was 92.5 days. Over 92 percent of the portfolio or over
$1,221 million will mature in less than a year. The County is
able to meet its cash flow needs for the next six months.
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF SEPTEMBER 30, 2002
1. All report information is unaudited but due diligence was utilized in its preparation.
2. 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.
k Notes
3