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HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: February 24, 2004
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31, 2003
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 December 31, 2003 as required by S8564(Ch 783).
il. FINANCIAL IMPACT:
None. For reporting purposes only.
Ili. 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 SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON Fetsrusry 24, 2004 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT D. Ts ) 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 FebnlarY 24, 20()4
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
r
BY f # � UTY
\B \BO-Investment Re ort.doc
H:\JudyHayes\MSOFFICE\WfNWORDOARD\BO-Investment p
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HOUSING AUTHORITY OF CONTRA COSTA COUNTY
--- INVESTMENT REPORT
For Period Ending 12131/2003 —
Market Value as at Yield investment Maturity Duration Estimated Value@
Custodial Institution Investment Type Amount invested 04/01/03 Date Date Days Maturity Date
APS Financial Corp.
Cash Fund Money Market 12,264.32 0.500% 12,264.32
Federal Home Loan Bank Discount Note 100,000.00 100,749.00 3.100% 1/09/03 7/15/07 1648 113,996.71
Federal H/Loan Mtg Corp Discount Note 235;000.00 232,283-40 3.000% 3128/03 3/28/081 1827 270,288.63
Federal Horne Loan Bank Discount Note 265,000.00 266,325.00 3,160% 6/19/03 6/19/08 1827 366,915.88
Federal Home Loan Bank Discount Note 355,000.00 355,000.00 2.87W16 7/02/03 7/02/08 1827 405,998.33
Federal Nati Mtg Assoc Discount Note 325,000.W:--325,000.00 2.6004A 6/30/03 6/30/08 1827 367,296.30
Federal dome Loan Bank Discount Note 395,000.00 395,000:00 3.350% 8/07/03 8/07/08 1827 395,000.00
Federal H/Loan Mtg Corp Discount Nate 100,000.00 1007000.00 2.090% 12/29/03 7/06/06 920 100,00000
Sub-totals 1,787,264.32 1,774,357.40 1,971,760.18
Beam Stearns Securities
Alliance lnstl Reserves Inc Money Market 35.00 0,380% 35.50
Wauwatosa Savinas Bank Certificate of Deposit 100,000.00 3.500% 10130/01 4/30104 913 108,754.79
Direct Merchant C/Card Bani,Certificate of'Deposit 100,000.00 4.000% 10130/01 10130/04 1096 112,010.96
Lighthouse Community Bank Certificate of! os!# 100,000.00 4.200% 11/15/01 11/15/05 1461 116,811.51
Euro Bank Hato Rey Certificate of Deposit 100,000.00 5.100% 11/30/01 11/30/06 1826 125,513.97
State Farm Bank Certificate of Deposit 100,000.00 3100% 6/24/02 6/24/04 731 106,408.77
Capital One Bank Certificate of!Ieposit 100,000.00 3.210% 12/30102 12/30/04 731 106,42839
Providian Natonal Bank Certificate of Deposit 100,000.00 2.960% 1/13103 1/13/051 731 105,928.11
MBNA America Bank Certificate of Deposit 97,000.00 2.960% 1113/03 1/13/05 731 102,750.27
United Kingfield Bank Certificate of Deposit 100,000.00 3.000% 12/30103 12/29/061095 109,000.00
Sub-totals $ 887,035.00
$ 893,842.17
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L A 1 F(Acct#25-01-003) Liquid Account $ 263,885.422 1.630% 263,685.42
Grand Totals $ 3,048,984,74
$ 3,352,207.48
INVESTMENTS 03-04
(oEC•2003) Page 1 of 1 LastPffnted: 1/13/2004