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HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO BOARD OF COMMISSIONERS
FROM: Robert McEwen, Executive Director
DATE: February 26, 2002
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31, 2001
SPECIFFIICREQUEST{S}OR � & BACKGROUND AND JUSTIFICATION
I. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending December 31, 2001 as required by SB564(Ch 783).
II. 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 noncompliance and could ultimately affect future funding from the U.S. Department of
Housing and Urban Development (HUD).
CONTINUED ON ATTACHMENT: ®YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURES):
VIII 111111
ACTION OF BOARD ON Eerib .�21, 2002_ APPROVED AS RECOMMENDED X 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 Mruary 26, 2002
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY EPUTY
H:ljudyhmtz\MSOFFICE\WINWORI\BOAR.D\BO-Investment Report.doc —
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
INVESTMENT REPORT
For Quarter Ending 12/31/2001
Investment Maturity Duration Est. Maturity Value@
Custodial Institution Investment Types Amount invested Yield Date Date Days Maturity Date
Bank of America
Acot#1954-01817 Certificate of Deposit 150,000.00 3.400% 10/09/01 25!2102 138 151,928.22
Acct#1958-85022 Savings 6,367.48 0.500% 0 6,367.48
Sub-totals $ 156,367.48 $ 158,295.70
Alga Financial Cor .
Cash Fund MONEY MARKET 2,332.83 2.500%
Federal-Fannie Mae Discount Note 750,000.00 5.050% 7/23/01 1/23/04 914 844,843.15
Federal-Freddie Mac Discount Note 450,000.00 5.250% 8/16/01 8/15/06 1825 568,125.00
Federal-Freddie Mac Discount Note 500,000.00 5.000% 8/31/01 8/15/05 1445 598,972.60
Federal -Natl Mtg Assn Discount Note 350,000.00 5.050% 10/02/01 10/02/06 1826 438,423.42
Federal Home Loan Bank Discount Note 250,000.00 4.500% 11/20/01 11/14/06 1820 306,095.89
Federal -Nati Mtg Assn Discount Note 350,000.00 4.550% 10/25/01 10/23/06 1824 429,581.37
Sub-totals 2,652,332.83 3,186,041.44
Bearn Stearns Securities
Alliance instl Reserves Inc Money Market 85.00 2.640% 85.00
Nextbank.N.A Certificate of Deposit 100,000.00 6.100% 12/21/00 5/21/02 516 108,623.56
First Bank of Puerto Rico Certificate of Deposit 100,000.00 6.150% 9/20/00 9/20/02 730 112,300.00
EFS Federal Savings Bank Certificate of Deposit 100,000.00 6.200% 9/25/00 10/25/02 760 112,909.59
First Federal Savings Bank Certificate of Deposit 100,000.00 6.200% 9/26/00 11/26/02 791 113,436.16
Habersham Bank Certificate of Deposit 100,000.00 6.250% 9/25/00 12128/02 824 114,109.59
Fla star Bank FSB Certificate of Deposit 100,000.00 5.250% 1/11/01 1/13/03 732 110,528.77
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
Wauwatosa Savings Bank Certificate of Deposit 100,000.00 3.500% 10/30/01 4/30/04 913 108,754.79
Direct Merchant C/Card Bank Certificate of Deposit 100,000.00 4.000% 10/30/01 10/30/04 1096 112,010.96
Capital Federal Savings Bank Certificate of Deposit 97,000.00 4.100% 11/14/01 11/15/04 1097 108,952.79
Lighthouse Community Bank Certificate of Deposit 100,000.00 4.200% 11/15/01 11/15/05 1461 116,811.51
Euro Bank Certificate of Deposit 100,000.00 5.100% 11/30/01 11/30/06 1826 125,513.97
Sub-totals $ 1,196,085.00 $ 1,367,156.40
L A I F Acct 02d-07-003 Liquid Account $ 2,667,968.56 3.900% 2,667,968;56
Grand Totals $ 8,872,753.87 $ 7,379,462.10
INVEST 11-01
(DEC-2001) Page 1 of 1 Last Printed: 1/14/02