HomeMy WebLinkAboutMINUTES - 12062005 - C131 TO: BOARD OF SUPERVISORS - r� �
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FROM.-
FROM.- Wiliam J. PI�Ilacek, Treasurer-Tax Collector �, ,,,��,,�, �, Costa
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DATE: Dec. s, 2C3f75 ��SF� �4��
County
SUBJECT: Treasurer's Investment Report through September 30, 2005
SPECIFIC REORF(S);OR RECOMMENDATIONS)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
ACC PT'the Treasurer's Investment Report on County investments as of September
30, 20 5.
FISCAL IMPACT: None
BACKGROUND/REASON FOR RECOMMENDATION S
Government Code section 53646 requires the County Treasurer to prepare and submit
quarterly reports to the Board of Supervisors describing County investments including
type, cost, par value and market value. Attached please fired the report covering the
period duly 1, 2005 through September 30, 2005. Section 3 of the balance of the
report is an appendix with financial data, which is available for reference at the Clerk of
the Board's Office.
BB: b
Attachment
CONTINUED ON ATTACHMENT: '" YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENC7ATt N OARD COMMITTEE
APPROVE OTHER
SIGNATURE(S): s
ACTION OF BOA O G' APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
UNANIMOUS(ABSENT
/ '�, .._ THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
)
AYES: NOES:'
ABSENT: . . ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED Z, ,
JO N SWEETEN,CLERK OF THE BOARD OFSUPERVISORS
AA D COUNTY ADMINISTRATOR
BY: DEPUTY
EXECO'V`E SUMMARY
The Treasurer's investment portfolio is in compliance' with
Government Code 53600 et. seq..
• The Treasurer's investment portfolio is in compliance with the
Treasurer's current investment policy.
• The Treasurer's investment portfolio has no securities lending,
reverse repurchase agreements or derivatives.
• The; total investment pool equaled $1,662,380,316 on
September 30, 2005. The fair value was $1,651,019,775>
which was 99.92% of cost.
• The weighted average maturity of the total investment pool
was'70.49 days. Over 93.62 percent of the portfolio or over
$1,545 million will mature in less than a year. The County is
able to meet its cash flow needs for six months.
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NOTES TO INVESTMENT PORTFOLIO summARY AS OF SEPTEMBER 30,2005
i. All report information is unaudited but due diligence was utilized in its preparation,
Z. There may be slight differences between the portfolio summary page and the attached
exhibits and statements for investments managed by outside contractors or trustees. The
variance is due to the timing difference in recording transactions accomplished by
contracted partles during interim periods and later transmitted to the appropriate county
agency and/or the Treasurer's Office, In general,the Treasurer's:records reflect booked
costs at the beginning of a period,'
kNotes
3