HomeMy WebLinkAboutMINUTES - 01232007 - HA.1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS HA .
I
FROM: Rudy Tamayo, Executive Director
DATE: January 23, 2007
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31, 2006
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, 2006 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 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 SIGNATUR-11<X,
Ru 'I'amayo —culive Director
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON �_' Ca0 APPROVED AS RECOMMENDED V O/HER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
V UNANIMOUS (ABSENT )IOU ) ) 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 013 C�L06
JOHN C LLEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY , DEPUTY
1-I:\JudyHaycs\MSOFFICE\WINWORD\BOARD\130-Invcstmcnt Rcport.doc
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
_ INVESTMENT REPORT
For Period Ending 12/31/2006
Investment Type Amount Invested Yield Investment Date Maturity Date Duration Days Estimated Value@
Maturity Date
APS Financial Corp.
Cash Fund Money Market 58,844.21 4.460% 58,844.21
Federal Natl Mtg Assoc Discount Note 100,000.00 4.410% 6/03/05 5/24/10 1816 121,941.26
Federal Home Loan Bank Discount Note 345,000.00 4.500% 6/07/05 3/08/10 1735 418,796.92
Federal Natl Mtg Assoc -1 Discount Note 600,000.00 4.500% 6/08/05 2/25/10 1723 727,454.79
Federal Natl Mtg Assoc -1 Discount Note 300,000.00 4.500% 6/30/05 2/25/10 1701 362,913.70
Federal Natl Mtg Assoc -1 Discount Note 100,000.00 4.500% 7/06/05 2/25/10 1695 120,897.26
Federal Natl Mtg Assoc Discount Note 125,000.00 4.550% 7/27/05 5/24/10 1762 152,455.82
Federal Home Loan Bank Discount Note 255,000.00 4.800% 7/28/05 8/10/10 1839 316,669.48
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/10/05 8/10/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24/10 1826 125,013.70
Federal Natl Mtq Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 4.375% 10/18/05 1/12/09 1182 114,167.81
Federal Natl Mtg Assoc Discount Note 100,000.00 5.150% 2/22/06 1/01/11 1774 125,030.41
Federal Nat[ Mtg Assoc Discount Note 100,000.00 5.150% 4/10/06 1/24/11 1750 124,691.78
Federal Home Loan Bank Discount Note 100,000.00 5.350% 5/05/06 3/03/11 1763 125,841.23
Federal Natl Mtg Assoc Discount Note 100,000.00 5.750% 6/12/06 4/07/11 1760 127,726.03
Federal Natl Mtg Assoc Discount Note 150,000.00 5.400% 8/10/06 1/27/11 1631 186,194.79
Federal Farm Credit Bank Discount Note 120,000.00 5.280% 12/11/06 6/08/10 1275 142,132.60
Sub-totals 2,953,844.21 3,600,799.20
Bearn Stearns Securities
Capital City B 8,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% 3/16/05 6/16/08 11881 113,019.18
Providian National Bank Certificate of Deposit 100,000.00 4.000% 4/11/05 1/11/08 10051 111,013.70
Shore Bank Certificate of Deposit 50,000.00 5.000% 1/09/06 6/14/10 1617 61,075.34
Discover bank Certificate of Deposit 15,000.00 5.150% 1/12/06 5/06/11 1940 79,105.89
Middleton Community Bank Certificate of Deposit 25,000.00 4.800% 1/12/06 1/11/08 729 27,396.71
Peoples Bank&Trust Co Certificate of Deposit _ 99,000.00 5.400% 05/17/06i 05/19/08 733 109,735.94
Union National Bank&Trust Certificate of Deposit _ 99,000.00 5.050% 5/11/06 5/11/07 365 103,999.50
First Bank of HenryCounty Certificate of Deposit 99,000.00 5.650% 9/18/06 9/18/08 731 110,202.32
CIT Bank Certificate of Deposit 40,000.00 5.450% 10/23/06 12/18/07 421 42,514.47
America Samoa Bank Certificate of Deposit 100,000.00 5.150% 12/27/06 6/27/08 548 107,732.05
Sub-totals $ 925,040.00 $ 1,030,852.34
L A I F Acct#25-07-003 Liquid Account $ 2,764,796.71 4.930% 2,764,796.71
DE ANZA GARDENS LP LOAN $ 1,000,000.00 3.000% 1,000,000.00
Grand Totals $ 7,643,680.92 $ $ $ $ 8,396,448.25