HomeMy WebLinkAboutMINUTES - 10212003 - HA1 - HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: October 21, 2003
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 2003
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, 2003 as required by SB564(Ch 733).
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 Beard 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 21, 2003 APPROVED AS RECOMMENDED X 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
Advisory housing Comni.ssian Seat VACANT COMMISSIONERS ON THE DATE SHOWN.
ATTESTED October 21, 2003
JOHN SWEETEN,CLERK.OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY {/ i �s ! PUTY
H:\.IndyHayesIMSOFFICEIWIN WORDIBOARD\BO-Investment Report.doe
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 09/30/2003
Market Value as at Investment Maturity Duration Estimated Value@
Custodial institution Investment Type Amount Invested 04,/01/03 Yield Date Gate Days Maturity Gate
APS Financial Corp.
Cash Fund Money Market 3,465.37 0.500% 3,465.37
Federal Home Loan Bank Discount Note 100,000,00 100,749.00 3.10200 1/09103 7/15/07 1648 113,996.71
Federal H/Loan Mtg Corp Discount Mote 235,000.00 232,283.40 3.000% 3/28/03 3/28108 1827 270,288.63
Federal Horne Loan Bank Discount Note 265,000.00 266,325,00 3.16D% 6/19/03 6/19/08 1827 306,915.88
Federal Horne Loan Bank Discount Note 355,000.00 355,000.00 2.670% 7/02/03 7102/08 1827 405 998.33
Federal Nail Mtg Assoc Discount Neste 325,000.00 325,000.00 2.600% 6/30/03 6/30/08 1827 367,296 30
Federal Home Loan Bank Discount Note 395,000.00 395,000.00 3.350% 8/07/03 8/07/08 1827 395,000.00
Sub-totals 1,678,465.37 1,674,357.40 1,852,881.23
Bearn Stearns Securities
Alliance Instl Reserves Inc Money Market 35.00 0.380% 35.00
Wauwatosa Savings Bank Certificate of D! osis 100,000.00 3.5000 10/30/01 4130104 913 108,754.79
Direct Merchant C/Card Ban Certificate of D osit 100,000.00 4.000% 10/30/01 10/30/04 1096 112,010.96
Lighthouse CommunAZ Bank Certificate of Depersit 100,000.00 4.20011>i, 11/15/01 11/15/05 1461 116,811.51
Euro Bank Hato Rey Certificate of D osit 100,000.00 5.100010 11/30/01 11130/06 1826 125,513.97
Heritage Bank Certificate of Deposit 100,000.00 3.000% 6/24/02 12/24/03 548 104,504.11
State Farm Bank Certificate of D osit 100,000.00 3.200% 6/24/02 6124/04 731 106,408.77
Capital One Bank Certificate of Deposit 100,000.00 3.210% 12/30102 12130/04 731 106,428.79
Providian National Bank Certificate of Deposit 100,000.00 2.960% 1/13/03 1/13/05 731 105,928.11
MBNA America Bank Certificate of Deposit 97,000.00 2.960% 1/13/03 1/13/05 731 102,750.27
Sub-totals $ 897,03500 $ 989,446.28
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 18261 123,119.71
L A I F Acct#25-07=003 Liquid Account $ 962 431.71 1.770% 162,431.71
Grand Totals $ 2,838,932.0$ $ 3,937,658.93
4 TI
INVESTMENTS 0304
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