HomeMy WebLinkAboutMINUTES - 05092000 - HA1 HOUSING A UTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan,Executive Director
DATE: May 9th,2000
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31,2000
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 ended March 31 st, 2.000 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,
i
@(*#F0+E4EP (* ATTACHMENT: YES SIGNATURE e_ ;-92
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED Y, 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.
'A
ATTESTED 2
PIWBAT"CHELOR,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BV"jfe �EPUTY
H:\edsidmtz\INVESTMENTS\INVBDODR3'2k.doc
HOUSING AUTHORITY 07"- /
of the
COUNTY OF CONTRA COSTA
INVESTMENT QUARTERLY REPORT
FoE QuartterE dipa 313 / 000
Investment Maturity Est.Maturity
Amount Duration Value@ Maturity
Custodial Institution Investment Types Invested Yield Da#e Date Days Date
Bank of America
Certificate of De osit 119,997.83 4.70% 3127100 4128100 32 120,492.29
Certificate of De osit 102,635.00 4.50% 3114/00 5/26/00 _ 73 103,558,72
Certificate of De osit 155,281.16 4.60% 2/28/00 7120/00 143 158,079.62
Certificate of De osit 154,146.69 4.70010 3127100 8130100 156 157,243.14
Certificate of De osit 150,021.99 4,70% 12/31199 6/16/00 168 153,267,40
Certificate of De osit 150,115.41 416% '� 3/20100 6/2710 99 151,977.78
Certificate of De osit 150,000.00 5,85% 2/25/00 6/25/00 182 153'973.22
Certificate of De osit 161,850.00 5.00% 1/3/00 6/5/00 154 165,264.37
Certificate of De osit 150,000.00 4.2510 3/27/00 8/11/00 —137-- 152,392.81
b
Savincis 6,250.65 2.00% 1201 6,291.75
Savin;_s __ 10,732.73 2.00% _ 120 10,803.30
18,108.57 2.00% 120 18,227.64
18,280.00 2.00%
Savin s --120 18,400.20
Savings
Savings 10,446.61 2.00010 120 10,515.30
Bank of America
Totals $ 1,357,866.64 $ 1,380,487.52
Bear Stems Certificate of Deposit 99,000.00 5.80% 1217/99 4/28/00 143 $ 101,249.61
Superior Bank Certificate of Deposit 99,000.00 5.90% 3114/00 9/11/00 181 $ 101,896,50
West America CefiteRf D 28,723.53 4,70% 0 3/31/00 87 $ 29,045.31 st
Certificate of Deposit 31,588.56 4,70% 1/4100 3/31/00 87 31,942.44
Certificate of Deposit 66,165,81 4.70% 1/4/00 3/31/00 87 66 907.05
$ 126,477.90 $ 127,894.80
�vM 1
Capital Bank Certificate of Deposit $ 100,000.00 4.50% 2/25/99 8/25/001 547 $ 106,743.84
National Bank of
Canby Certificate of Deposit $ 100,000.00 4.85% 3/16/00 6/16/00 92 $ 101,222.47
Farmers State Bank Certificate of Deposit $ 100,000.00 4.85% 6117/99 6/12/00 361 $ 104,796,85
US Clearing
Brokerage GNMA 1,085,000.00 7.00% 8/13/99 2/10/00 181 $ 1,122,662.88
APS Financial
Corporation. FNMA Discount Note 199,439.81 4.250010 2/3/00 7/20/00 168 203,341.18
FNMA Discount Note 99,652.80 4.250% 3/6/00 1/2/01 302 103,157.03
__. 1.
_ FNMA Discount Note 99,719.90 4.90010 213/00 7120/00 168 101,968.93,
FNMA Discount Note 99,652,80 5.200% 3/6100 1/2/01 302 103,940.333
FNMA Discount Note 132,152.69 4.500% 7/19/99 7/7/00 354 137,920.34
FNMA Discount Note 991640.21 4.250% 2125/00 8/17/001 174 101,658.95
FNMA Discount Note 99,988.35 5.200% 2/9/00 8/3/00 176 102,495.46
FNMA Discount Note 99,613.88 4.500% 2/23/00 2/9/01 352 103 936.85
$ 929,860.44 $ 958,419.06
AIM Institutional Funds Mane Market $ 15,016,90 4.00% 30 $ 15,066.27
Local Authority Inv.
Fund Money Market 379,300.00 5.50% 30 $ 381 014.64
$4,391,521.88 $ 4,501,454.42
1 THQTR'2000