HomeMy WebLinkAboutMINUTES - 10152002 - HA.2 2,
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: October 15, 2002
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 20012
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 September 30, 2002 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 non-compliance and could ultimately affect future funding from the U.S. Department of
Housing and Urban Development (HUD).
CONTINUED ON ATTACHMENT: YES SIGNATUREAVZ
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURES):
ACTION OF BOARD ON October 151 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 October 15, 2002
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY `�,� 4 ',: �. ' DEPUTY
H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
' HOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 09/3012002
i Investment Maturity Duration Est.Maturity value@
Custodial lnsthrtlon } Investment Type Amount Invested Yield Date Date Days Maturity Date
i
Bank of Amerlea
Acct#1958-85022 Savings 6,383.87 0.500% 6,383.87
Sub-totals $ 6,383.87 $ 6,383.87
f
APS Financial Corp.
Cash Fund Money Market 4,744.23 1.10011/c
_Federal -Nail Mtg Assn Discount Note 350001.29 5.050% 10/02/01 10/02/06 1826 438,425.04
Federal Natl W9 Assn Discount Note 250,000.00 4.500% 11120101 /1114/06 1820 306,085.89
Federal -Nati M!g Assn Discount Note 350,000.00 4.550'3% 10/25101 10/23/06 1824 429,581.37
Federal H/Loan Mtg CorpDiscount Note 229,000.00 4.650% 1/24/02 11106/06 1747 279,966.93
Federal Home Loan Bank Discount Note 535,000.00 4.010% 9119/02 9119/07 1826 642,326.28
Federal Home Loan Bank Discount Note 175,000.00 5.125% 6/26102 6/26/07 1826 219,868.32
Federal -Nati Mtq Assn Discount Note 320,000.00 4.500% 7/19102 7/18/07 1825 392,000.00
Sub-totals 2,213,745.52 2,708,263.83
Bearn Steams Securities i
Alliance Inst!Reserves Inc Mone Market 34.38 0.970% 34.38
EFS Federal Sayinp Bank Certificate of Deposit 100,000.00 6.200% 9125/00 10125102 760 112.909.59
First Federal Savings Bank Certificate of Deposit 100,000.00 6.200% 9/26100 11/26/02 791 113,436.16
Habersham Bank Certiffcate of Deposit i 100 000.00 6.250% 9/25/00 12/28/02 824 114.109.59
Fla star Bank FSB Certificate of Deoosit I 100,000.00 5.250% 1111101 I 1/13103 732 110,528.77
`,Nau,atose Savings Bank Certificate of De osit 100 000.00 3.500% 10/30/011 4130104 913 108,754.79
Direct Merchant C/Card Bank Certificate of Deposit 100,000.00 4.000% 10/30/01; 10/30/04 ..1.096 112.010.96
Capital 1 Federal Savings Ban Certificate of Deposit + 97000.00 4.100% 11/14101. 11/15/04 1097 108,952.79
Lighthouse Community Bank Certificate of lie osit 100,000.00 4.200% 11/15/01 11/15105' 1461 116,811.51
Euro Bank Hato Rey Certificate of Deposit i 100,000.00 5,100% 11/30/01 11/30/06 1826 125,513.97
Security Bank of Bibb County Certificate of Deposit I 99,000.00 2.200% 6124102 3121/03 270 100,611.12
Premier Bank-Colorado Certificate of De osit 100,000.00 2.600% 6124/02 6124103 365 102,600.00
Greater South Texas Bank Certificate of Deposit 99,000,00 2.500% 6/24/02 6/24103 365 101,475.00
Heritage Bank Certificate of Deposit ; 100,000.00 3.000% 6/24/02 12/24/03 543 104 504.11
State Farm Sant: Certificate of Deposit 100,000.00 3.200% 6124102 6/24/04 731 106,408.77
i
Sub-totals $ 1,395,034.38 ; _ $ 1,538,661.51
Key Bank €JSA NA v Certificate of Deposit 99,000.00 4.870% 9/14.101 9/14/06 1826 123,119.71
L.A i F Acct##25-07-003 Liquid Account $ 1,696,506.91 2.550% 1,696,506.91
Grand Totals $ 5,410,674.68 - $ 6,072,935.83
?NVESTt,JEh4TS 02-03
(SEPTEMBER-02) Page 1 of 1 Lest Printed: 9/27/02