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TO: BOARD OF SUPERVISORS '-� ----
FROM: William J. Pollacek, Treasurer-Tax Collector o' .oim s Costa
DATE: December 9, 2008
County
SUBJECT: COUNTY TREASURER'S INVESTMENT REPORT as of September 30, 2008
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
Recommendation:
ACCEPT the Treasurer's Investment Report as of September 30, 2008.
BACKGROUND/REASON (S) FOR RECOMMENDATION (S):
Government Code Section 53646 encourages the County Treasurer to prepare
quarterly reports to the Board of Supervisors describing the County investments
including type, cost, par value, and market value. Attached please find the report
covering the period July 1 , 2008 through September 30, 2008. 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.
WJP:mb
Attachment
CONTINUED ON ATTACHMENT: L/ YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATIO OARD COMMITTEE
( � APPROVE OTHER
SIGNATURE(S): � Qp
ACTION OF BOARD ON 1) e l f ,2008 APPROVED AS RECOMMENDED OtER
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.
I Vt7Y1�/ )
AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED
DAVID TWA,CLERK OF THE B ARD OFSUPERVISORS
AND COUNTY ADMINIST T/O,R'n
BY: G�`�/��—� DEPUTY
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CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF SEPTEMBER 30, 2008
EXECUTIVE SUMMARY
• The Treasurer's investment portfolio is in compliance with
Government Code 53600 et. seq. and other applicable
sections.
• 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 $1,658,884,187 on
September 30, 2008. The fair value was $1,658,589,572
which was 99.98% of cost.
The weighted average maturity of the total investment pool
was 130.35 days. More than 86 percent of the portfolio or
over $1 .438 billion will mature in less than a year. The County
is able to meet its cash flow needs for six months.
• The Treasurer"s Investment Report of June 30, 2008 was
accepted by the. Board of Supervisors on September 16,
2008.
A mrd\exeoutiv.sum
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF SEPTEMBER 30,2008
1. All report information is unaudited but due diligence was utilized in its preparation.
2. 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 parties 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.
A:Notes
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