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HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwen, Executive Director
DATE: October 1, 2002
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2002
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SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
1. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending June 30, 2002 as required by SB564(Ch 733).
II. 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
governmentinvestment laws effective January 1, 1906. 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: YES SIGNATURE < -
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON October 1, 2002 APPROVED AS RECOMMENDED XX OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT None ) 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 1, 2002
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
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BY EPUTY
H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
-- -- INVESTMENT REPORT
For Period Ending 06/3012002
Custodial Institution Investment Type Amount invested Yield Investment Maturity Duration Est.Maturity Value@
Date Date Days Maturity Date
Bank of America
Acct#1958-85022 Savings 6,383.87 0.500% 6,383.87
Sub-totals $ 6,383.87 $ 6,383.87
APS Financial Corp.
Cash Fund Money Market 322,257.91 1.100%
Federal -Nat[ Mtg Assn Discount Note 350,001.29 5.050% 10/02/01 10/02/06 1826 438,425.04
Federal Nat# Mtg Assn Discount Note 250,000.00 4.500% 11120!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
e ra o LoanDiscount Note 535,000.00 5.500% 1/09/02 1109/07 1826 682,205.62
e e n o Discount Note 229,000.00 4.650% 1/24/02 11/06/06 1747 279,966.93
e Discount Note 515,000.00 5.000% 2/06/02 1/30/07 1819 643,326.71
e e an Discount Note 175,000.00 5.125% 6126102 6/26107 1826 219,868.32
Sub-totals 2,726,259.200 2,999,469.88
Bearn Stearns Securities
Alliance Instl Reserves Inc Money Market 34.38 0.970% 34.38
First Bank of Puerto Rico Certificate of Deposit 100,000.00 6.150% 9/20/00 9120/02 730 112,300.00
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 Hank Certificate of De osit 100,000.00 6.200% 9126100 11/26/02 791 113,436.16
Habersham Bark Certificate of Deposit 100,000.00 6.250% 9/25100 12/28/02 824 114,109.59
Fla tar Bank FSB Certificate of Deposit 100,000.00 5.250% 1111/01 1/13103 732 110,528.77
Wauwatosa Savings Bank Certificate of Deposit 100,000.00 3.500% 10/30/01 4130/04 913 108,754.79
Direct Merchant C/Card Bank Certificate of Deposit 100,000.00 4.000% 10130/01 10/30/04 1096 112,010.96
Capital 1 f=ederal Savin s Han Certificate of Deposit 97,000.00 4.100% 11/14101 11/15104 10971 108,952.79
Lighthouse Community Hank Certificate of Deposit 100,000.00 4.200% 11/15/01 11/15/05 1461 116,811.51
Euro Hank Hato Re Certificate of Deposit 100,000.00 5.100% 11/30/01 11/30106 1826 125,513.97
Security Bank of Bibb Count Certificate of Deposit 99,000.00 2.200% 6124/02 3/21/03 270 100.611.12
Premier Bank-Colorado Certificate of Deposit 100,000,00 2.600% 6124102 6/24/03 365 102,600.00
Greater South Texas Bank Certificate of Deposit 99,000.00 2.500% 6/24/02 6/24/03 365 101,475.00
Heritage Bank Certificate of Deposit 100,000.00 3.000% 6/24/02 12124/03 548 104,504.11
State Farm Bank Certificate of Deposit 100,000.00 3.2010% 6/24/02 6/24/04 731 106,408.77
Sub-totals $ 1,495,034.38 $ 1,650,961.51
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9114/01 9114/06 1826 123,119.71
L A I F Acct#26-07-003 Liquid Account $ 1,147,532.16 0.920% 1,147,532.16
Grand Totals $ 5,474,209.61 $ 5,827,467.13
INVESTMENTS 02-03
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