HomeMy WebLinkAboutMINUTES - 01242006 - HA.1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA H a • 1
TO: BOARD OF COMMISSIONERS !T
FROM: Rudy.Tamayo,Acting Executive Director
DATE: January 24,2006
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31,2005
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, 2005 as required by SB564(Ch 783).
ll. 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 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 SIGNATU
Rt T=.y, sting Executive rector
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S): /
ACTION OF BOARD ON APPROVED AS RECOMMENDED �/ OTIER
VOTE OF COMMISSIORS 67
I HEREBY CERTIFY THAT THIS IS A
V UNANIMOUS (ABSENT /Wrw ) 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 o1� 2U�
JOHN SrTEN, LERK OF
THE BOXRD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY ,DEPUTY
H:1JudyHayesllvlSOFFICEIWINWORD�BOARD\BO-InvestmentReport.doc ��
• HOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 12131/2005
Custodial Institution Investment Type Amount Invested Yield Investment Date Maturity Dale Duration Days Estimated Value@
Maturity Date
APS Financial Corp.
Cash Fund Money Market 21,986.60 1.000% M418"',,796.92)
Federal Home Loan Bank Discount Note 40,000.00 4.250% 4/14105 3/15110 1796
Federal Natl Mtg Assoc Discount Note 100,000.00 4.450% 5/03105 11/23/09 1665
Federal Natl Mtg Assoc Discount Note 100,000.00 4.410% 6/03105 5/24/10 1816
Federal Home Loan Bank Discount Note 345,000.00 4.500% 6107105 3108/10 1735
Federal Nall Mtg Assoc-1 Discount Note 600,000.00 4.500% 6/08105 2125110 1723 727,454.79
Federal Natl Mtg Assoc-1 Discount Note 300,000.00 4.500% 6/30/05 2/25110 1701 362,913.70
Federal Nail Mtg Assoc-1 Discount Note 100,000.00 4.500% 7106105 2/25110 1695 120,897.26
Federal Natl Mtg Assoc Discount Note 125,000.00 4.550% 7/27105 5124/10 1762 152,455.82
Federal Home Loan Bank - Discount Note 255,000.00 4.800% 7/28105 8110110 1839 316,669.48
Federal Nat]Mtg Assoc Discount Note 100,000.00 5.000% 8/10105 610110 1826 125,013.70
Federal Nall Mtg Assoc Discount Note 100,000.00 5.()00% 8124105 812400 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24110 1826 125,013.70
Federal Nati Mtg Assoc Discount Note 100,000.00 4.375% 10/18/05 1112109 1182 114,167.61
Sub-totals 2,386,986.60 2,900,988.98
Beam Stearns Securities
Alliance Instl Reserves Inc Money Market 39.00 1.770% 39.00
United Kingfield Bank Certificate of Deposit 100,000.00 3.000% 12/30/03 12/29/06 1095 109,000.01)
Capital Citv B&T Co Certificate of Deposit 99,000.00 3.660% 12/30/04 12/30/07 1095 109,870.20
Mutual Bank Certificate of Deposit 99,000.00 4.100% 1/13/2005 1/4/2009 1452 115,147.04
Security ST Bank of Wannamin o Certificate of Deposit 100,000.00 4.000% 3116105 6/16/08 1188
Providian National Bank Certificate of Deposit 100,000.00 4,000% 4111105 1/11108 1005
Sub-totals 498,039.00 $ 334,056.24
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9114101 9/14/06 1826 123,119.71
L A I F Acct#25.07.003 Liquid Account $ 1,440,552.58 3.180% 1,440,552.58
DE ANZA GARDENS LP LOAN $ 1,000,000.00 3.000% 1,000,000.00
Grand Totals $ 5,424,578.18 $ 37,148.00 $ 38,974.00 $ 1,826.00 $ 5,798,717.51
INVESTMENTS 0106
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