HomeMy WebLinkAboutMINUTES - 05082001 - C.13 C.13
THE BOARD OF SUPERVISORS OF
CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on May 8, 2001, by the following vote:
AYES: Supervisors Gioia, Gerber, Glover and Uilkema
NOES: None
ABSENT: Supervisor DeSaulnier
ABSTAIN: None
ACCEPTED the report from the Employees' Retirement Association, as
recommended by the Retirement Administrator.
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
Attested: May 8.2001
John Sweeten,Clerk of the Board
of Supervisors and County Administrator
By: .
Deputy Clerk
RECEIVED
APR.3 0 2001
CLERK BOARD OF SUPERVISORS
6P CIN� CONTRA COSTA CO
`01 .
Ern p o el y es' Fatirem ent Association
1355 willow way suite 221 concord ca 94520
925.646.5741 fax 925.646.5747
April 30, 2001
The Board of Supervisors
Contra Costa County
Martinez CA 94553
Enclosed please find a Statement of Plan Net Assets and a Statement of Changes in Plan Net
Assets for the year ended December 31, 2000 for Contra Costa County Employees' Retirement
Association.
Government Code Section 31597 requires CCCERA,prior to April 30 of each year,to file in the
office of the County Auditor and with the Board of Supervisors a statement of the financial
condition at the close of the preceding December 3151
Very truly yours,
Patricia F. Wiegert, CEBS
Retirement Administrator
PFW:rak
Enclosure
CC: Kenneth Corcoran
0:\Board of Supervisors\boardolsupsltrl2-31-OOFS.doc
CONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
Statement of Plan Net Assets
(Unaudited)
As of December 31, 2000
ASSETS:
Cash &short-term investments
Total cash and short term investments $ 155,317,547
Receivables:
Investments $ 23,842,208
Contributions $ 1,791,925
Interest&Dividends $ 10,536,076
Installment Contract $ 371,176
Other $ 367,059
Total Receivables $ 36,908,444
Investments at Fair Value:
Bonds $ 1,332,704,192
International Bonds $ 27,903,903
Domestic Stocks $ 998,446,640
International Stocks $ 270,449,598
Real Estate $ 152,613,901
Alternative Investments $ 68,831,310
Total Investments $ 2,850,949,544
Other Assets:
Prepaid Expenses/Deposits $ 292,180
Fixed Assets at cost, net of accumulated depreciation $ 129,191
$ 421,371
Total Assets $ 3,043,596,906
LIABILITIES:
Employer Contributions Unearned $ 21,736,268
Retirement Allowance Payable $ 16,649,331
Accounts Payable $ 2,629,430
Investment Trades $ 70,237,542
Unclaimed Contributions $ 493,551
Contributions Refundable $ 438,446
Other Liabilities $ 150,458
Total Liabilities $ 112,335,026
NET ASSETS HELD IN
TRUST FOR BENEFITS $ 2,931,261,880
4/30/01/9:02 AM
CONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
Statement of Changes in Plan Net Assets
(Unaudited)
For the Twelve Months Ending December 31,2000
ADDITIONS:
Contributions
Employer $ 52,986,645
Employee $ 15,463,367
Total Contributions $ 68,450,012
Investment Income:
Net appreciation in fair value of Investments $ (54,963,421)
Net appreciation(depreciation)in $ 3,457,211
fair value of Real Estate
Interest $ 63,189,234
Dividends $ 11,744,866
Real Estate,net $ 13,231,867
Other Income $ 2,591,652
Subtotal $. 39,251,409
Less Investment expenses:
Investment management fees $ (8,399,400)
Investment consulting fees $ (364,811)
Investment custodial fees $ (189,519)
Subtotal $ (8,953,730)
Net Investment Income $ 30,297,679
From Security Lending Activities
Security Lending Income $ 5,592,050
Security Lending Expense:
Security Lending Rebates $ (5,406,056)
Security Lending Fees $ (74,285)
Total Security Lending Activity Expenses $ (5,480,341)
Net Income from Security Lending Activities $ 111,709
Total Additions $ 98,859,400
DEDUCTIONS:
Benefits paid $ 134,184,480
Refunds of Contributions $ 1,060,249
Adjustments/Transfers $ 303,650
Administrative&Other $ 3,271,085
Prepayment Discount $ 3,458,152
Retirement Health Care Benefit $ 12,408,770
Total Deductions $ 154,686,386
Net increase(decrease) $ (55,826,986)
NET ASSETS HELD IN TRUST FOR
PENSION BENEFITS
Balance beginning of year $2,987,088,866
Prior Period Adjustments
Balance end of year $2,931,261,880
4/30/01/8:52 AM