HomeMy WebLinkAboutMINUTES - 05191998 - C75 C.
HOUSING A UTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Richard J.Martinez, Executive Director
DATE: May 19, 1998
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 1998
SPECIFIC RE UEST S OR RECOMMENDATION(SI& BACKGROUND AND JUSTIFICATION
L RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for
the quarter ended March 31, 1998 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:
Failure to accept report 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.
CONTINUED ON ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
F
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON MAY 19 1998 APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
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.
MAY 19 1998
ATTESTED
PHIL; BATCHELOR,CLERK OF
THE BOARD OF COMMISSIONERS
ANIS COUNTY ADMINISTRATOR
BYDEPUTY
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
INVESTMENT QUARTERLY REPORT
FpR QUARTER ENDING 3131168
Custodial Institution Investment Sums Invested Yield Investment hate Maturity Duration Days' Estimated
11 Date Maturity Value
Bank of America Certificate of Deposit 1 $ 175,000 4.75% 3117/98 7/4/98 109 $ 177,482
Certificate of De oe! 150,000 4.75% 1/13198 4R/98 84 151,640
Certificate of Deposit 150,000 5.05%1 2/27198 8/14198 168 153,487
Certificate of Deposit 150,000 5.10% 2/27198 8128/981 182 153,815
Certificate of De sit 200,000 4.75% 2117198 612/98, 105 202,733
Certificate of Deposit 150,000 4.75% 1114198 4/23198 99 151,933
Certificate of Deposit 150,000 4.75% 2/11/98! 6/4/981 113 152,206
Certificate of Deposit 150,000 4.75% 12/16/97 5/4198 139 152,713
Certificate of Deposit 150,000 4.75% 12130/97 611/98 153 152,987
Certificate of Deposit 200,000 4.75% 12129/97 3/30/98 91 202,368
Certificate of Deposit 100,000 4.75% 1/20198 4/20/98 90 101,171
Savings 6,059 ; 2.00% 6,059
Savings 10,404 ' 2.00% 10,404
savings 17,553 2.00% 17,553
Savings 10,121 2.00% 10,121
$ 1,769,137 $ 1,796,672
WestAmerica Certificate of Deposit $ 230,123 5.20%1 1/5/98 411198 86 $ 232,$42
Certificate of Deposit 1 396 558 5.20%' 115198 4!1/98 86 1,413,669
$ 1,626,681 $ 1,646,611
Capital Bank Certificate of Deposit $ 100,000 5.20% 2/24/98 8/25198 182 : $ 102 593
0cwen Federal Bank 'Certificate of Deposit $ 100 000 5.40% 2/24/98 8125198 182 $ 102,693
Flagstar Bank,FSB Certificate of Deposit $ 100 000 5.45%, 2/24/98 8126/98 183 $ 102,732
Franklin National Batik Certificate of Deposit $ 100,000.1 5.40% 2/24/98 8126/98 183 $ 102 707
Community Bank Certificate of Deposit $ 100000. 5.20% 2124/98 8/24/98 181 $ 102,579
National Bank of Canby Certificate of Deposit $ 100 000 5.55% 9115!97 6/16/98 274 $ 1041:66
Farmers State Bank Certificate of Deposit $ 100 000 5.55% 9115/97 6/16/98 274 $ 104,166
I
APS Financial Co FNMA Discount Note $ 195,124 5.20% 2/25198 8118198 174 $ 199,961
FNMA Discount Note 98,063 5.79% 1215/97 4123/98 139 100,225
FNMA Discount Note 124,909 4.95% 1/7/98 7/28198: 202 128,331
FNMA Discount Note 97,627 5.00% 1/21/9877/1 St98175 99,967
$ 515,723 : $ 528,484
EREPORT TOTALS $ 4611 541 $ 4,693,4031