HomeMy WebLinkAboutMINUTES - 06052001 - C.159 TO: BOARD OF SUPERVISORS gKer
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FROM: William J. Pollacek, Treasurer-Tax Collector SI -:;i;:,e `s Costa
DATE: June 5, 2001 County
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SUBJECT: TREASURER'S INVESTMENT REPORT THROUGH MARCH 31, 2001
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
Recommendation:
ACCEPT the report from the Treasurer-Tax Collector on County investments as.of
March 31 , 2001 .
BACKGROUND/REASON (S) FOR RECOMMENDATION (S):
Government Code section 53646 requires the County Treasurer to prepare quarterly
reports to the Board of Supervisors describing County investments including type, cost,
par value and market value. Attached please find the report covering the period
through March 31 , 2001 . 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:djm
Attachment
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI N BOARD COMMITTEE
APPROVE OTHER
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SIGNATURE(S):
ACTION OF BOA June 5, 2001 APPROVED AS RECOMMENDED XX OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
XX UNANIMOUS(ABSENT --- )
AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector ATTESTED June 5, 2001
JOHN SWEETEN,CLERK OF THE BOARD OFSUPERVISORS
AND COUNTY ADMIN ST TOR
BY: DEPUTY
CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF MARCH 31, 2001
TABLE OF CONTENTS
Page
I. Executive Summary 1
ll. Treasurer's County Investment Pool Summary 2
III. Appendix
A. Investment Portfolio Detail—Managed by Treasurers Office 4
1. Portfolio 5
2. Market Valuation Sources 22
B. Investment Portfolio Detail—Managed by Outside Contracted Parties
1. State of California Local Agency Investment Fund 1-1
a. Summary 1-2
b. Statements 1-3
2. Capital Asset Management Funds 2-1
a. Wells Fargo Bank 2-2
b. Bank of America 2-12
3. California Arbitrage Management Program for Redevelopment Agency 3-1
(Contra Costa County Public Financing Authority)
a. Summary 3-2
b. Portfolio 3-3
4. Guaranteed Investment Contract Summary 4-1
a. Summary 4-2
b. Statements 4-3
5. U.S. Bank Corporate Trust Services. Community Facilities District 5-1
No. 1991-1 (Pleasant Hill Bart Station Area) 1998 Special Tax
Refunding Bonds Reserve
6. Mechanics Bank for Micro Enterprise Loans 6-1
7. Other 7-1
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EXECUTIVE SUMMARY
• The Treasurers investment portfolio is in compliance with
Government Code 53600 et. seq..
• 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 $1,499,266,853 on March
31, 2001. The fair value was $1,505,566,299, which was
100.4% of cost.
• The weighted average maturity of the total investment pool
was 86 days. Over 92 percent of the portfolio or over $1,389
million will mature in less than a year. The County is able to
meet its cash flow needs for the next six months.
• The annual audit has been completed on Treasury operations for the
Treasury Oversight Committee covering the period from January 1, 2000
through December 31, 2000. This is in compliance with the audit
requirements of Government Code Section 27134. The report will be
reviewed by the Committee in its May 15, 2001 meeting.
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF MARCH 31,2001
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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