HomeMy WebLinkAboutMINUTES - 01182005 - HA1 HOUSING AUTHORITY CSF THE COUNTY OF CONTRA COSTA �'
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: January 18, 2005
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31, 2004
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 December 31, 2004 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 noncompliance and could ultimately affect future funding from the U.S. Department of
Housing and Urban Development (HUD).
CONTINUED ON ATTACHMENT: ®YES SIGNTI ATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON;r - APPROVED AS RECOMMENDED V OT/ER
j'
VOTE OF COMMISSION6,S
Ve I HEREBY CERTIFY THAT THIS IS A
t� 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 i` y5
JOHN SW rTEN,C ERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY � �'� � � �.✓ ,DEPUTY
H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
DOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 12/31/2004
Estimated Vaiue(ra
Custodial Institution Investment Type Amount Invested Yield Investment Date Maturity Date Duration Days Maturity Date
APS Financial Corp._
Cash Fund Money Market 18,226.06 0.500% 18,226.06
Federal H/Loan Mtg Corp Discount Note 235,000.00 3.000% 3/28/03 3/28/08 1827 270,288.63
Federal Home Loan Bank Discount Note 265,000.00 3.160% 6/19/03 6/19/08 1827 306,915.88
Federal Home Loan Bank Discount Note 355,000.00 2.870% 7102/03 7102108 1827 405,998.33
Federal Natl Mtg Assoc Discount Note 325,000.00 2.600% 6/30/03 6/30108 1827 367,296.30
Federal Home Loan Bank Discount Note 395,000.00 3.350% 8/07103 8/07/08 1827 461,235.01
Federal Natl Mtg Assoc Discount Note 120,000.00 3.150% 3/23/04 3/16/09 1819 138,837.86
Federal H/Loan Mtg Corp Discount Note 120,000.00 3.750% 7115/04 4/28/08 1383 137,050.68
Federal Nati Mtg Assoc Discount Note 100,000.00 3.550% 9/14/04 9/14/09 1826 117,759.73
Federal Home Loan Bank Discount Note 100,000.00 3.250% 12/30/04 12/30109 1826 116,258.90
Sub-totals 2,033,226.06 341,792.00 357,781.00 15,989.00 2,339,867.39
Bearn Stearns Securities
Alliance Instl Reserves Inc Money Market 35.00 0.380% 35.00
Providian Natonal Bank Certificate of Deposit 100,000.00 2.960% 1/13/03 1/13105 7311 105,928.11
MBNA America Bank Certificate of Deposit 97,000.00 2.960% 1113/03 1113105 731 102,750.27
United Kin field Bank Certificate of Deposit 100,000.00 3.000% 12/30/03 12/29106 1095 109,000.00
Capital City B&T Co Certificate of Deposit 99,000.00 3.660% 12/30/04 12/30/07 1095 109,870.20
Sub-totals $ 396,035.00 $ 427,583.58
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9114/06 1826 123,119.71
L A 1 F Acct#26-07-003 Liquid Account $ 466,406.85 1.670% 466,406.85
DE ANZA GARDENS LP LOAN $ 1,000,000.00 3.000°x6 1,000,000.00
Grand Totals $ 3,994,667.91 $ 378,940.00 $ 396,755.00 $ 17,815.00 $ 4,356,977.52
INVESTMENTS O4-05
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