HomeMy WebLinkAboutMINUTES - 10192004 - HA1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA RAA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwen, Executive Director
DATE: October 19, 2004
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 2004
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, 2004 as required by SB564(Ch 783).
11. 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
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 authorizedinvestment 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
SIGNATURE(S):
ACTION OF BOARD ON d APPROVED AS RECOMMENDED I-•°� �- OTHER
z
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
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
JOHN SWEETEN,CLERK{�.F
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY ,DEPUTY
H:\.IudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 0913012004
Custodia. Institution Investment Type Amount Invested 04/01/04 Market Value as at Yield Date Investment Maturity Date Duration Days Estimated Value r@
Maturity Date
APS Financial Corp.
Cash Fund Money Market 8,995.56 0.500% 8,995.56
Federal H/Loan Mtg Corp Discount Note 235,000.00 237,129.10 3.000% 3128/03 3128/08 1827 270,288.53
Federal Home Loan Bank Discount Note 265,000.00 266,075.90 3.160% 6119/03 6/19/08 1827 306 915.88
Federal Home Loan Bank Discount Note 355,000.00 354,666.30 2,870% 7102/03 7/02/08 1827 405,998.33
Federal Nati Mtq Assoc Discount Note 325,000.00 322,055.50 2.600% 6/30/03 6/30/08 1827 367,296.30_
Federal Home Loan Bank Discount Note 395,000.00 395,865.05 3.350% 8/07/03 8107/08 1827 461,235.01
Federal Nall Mtq Assoc Discount Note 120,000.00 118,875.60 3.150% 3123104 3116/09 1.819 138,837.86
Federal H/Loan Mt9 Corp Discount Note 120,000.00 120,861.22 3.750% 7/15104 4128108 1383 137,050.68
Federal Nall MtU Assoc Discount Note 100,000.00 100,000.00 3.550% 9114104 9/14/09 1826 117,759.73
Sub-totals 1,923,995.66 1,916,628.67 2,214,377.98
Bearn Stearns Securities
Alliance Instl Reserves Inc Money Market 35.00 0.380% 35,00
Direct Merchant C/Card Bank Certificate of Deposit 100,000.00 4.000%0 10/30/01 10/30/04 1096 112,010.96
Capita I One Savings_ Certificate of Deposit 100,000.00 3.210% 12/30/02 12/30/04 731 106,428.79
Providlan Natonal Bank Certifloate of Deposit 100,D00.00 2.960% 1113103 1/13/05 731 105,928.11
MBNA America Bank Certificate of Deposit 97,000.00 2.960% 1/13/03 1113/05 731 102.750.27
United Kingfield Bank Certificate of Deposit 100,000.00 3.000% 12/30703 12!29!06 1095 109,000.00
Subtotals $ 497,036.00
$ 636,163.13
Ke Bank USA ,NA Certificate of De osit 99 000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L A I F Acct#26-07.003 Liquid Account $ 166 708.73 1.4701/0 165,708.73
AE ANZA GARDENS LP LOAN $ 1,060,600.00 3.900% 1,000,000.00
Grand Totals $ 3,686,739.29 $ 1,916,628.67 $ 0.09 $ 37,148.00 $ 38,974.00 $ 1,826.00 $ 4,039,369.65
INVESTMENTS 04-06
(JULY-SEPT 2004) Page I of 1 Last Printed: 9/13/2004