HomeMy WebLinkAboutMINUTES - 07172001 - HA.1 I�
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: July 17, 2001
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2001
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 ending June 30, 2001 as required by SB564(Ch 783).
II. 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:
Should the Board of Commissioners elect not to accept the investment report it 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 (HUD).
CONTINUED ON ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON JuIv 17� 2001 APPROVED AS RECOMMENDED XX OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
_XX 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.
ATTESTED -hiliT 17 9001
JOHN SWE TEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY , DEPUTY
Fl:\judyhmtz\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
INVESTMENT REPORT
For Quarter Ending 6/30/2001
Amount Investment Maturity Duration Est. Maturity
Custodial Institution Investment Types Invested Yield Date Date Days Value@ Maturity
Date
Bank of America
Acct#1958-00849 _ Certificate of Deposit 165,86_5.97 3.600% 5/04/01 9/24/01 143 168,205.36
Acct#1954-00_850 _ Certificate of Deposit 163,44_4.98 4.700% 2/02/01 7/09/01 157 166,749.26
Acct#1951-01813 _ Certificate of Deposit 150,120.36_ 4.880% 2/23/01 8/24/01 182 153,773.26
Acct#1950-00243 Certificate of Deposit 15_0,000.00 3.800% _4/21/01 7/30/01 100 151,561.64
Acct#1954-01817 _ Certificate of Deposit 150,000.00 3.400% 5/21/01 10/09/01 141 151,970.14
Acct#1958-85022 _ Savings 6,330.26 2.500% 0 6,330.26
Acct#1950-85002 _ Savings_ 10,869.39 _2.500% 0 10,869.39
Acct#1952-85_001 __ Savings __53,439.13 2.500%1 0 53,439.13
Acct#195_8-85003 _ _ Savings _ _18,512.75 2.500% 0 18,512.75
Acct#1957-85028 _ _ Savings 10,579.63 2.500% 0 10,579.63
Sub-totals $ 879,162.47 $ 891,990.82
Liberty Financial Co _ ___
Acct#834-30661-17 U.S Treasury Bills 1,020,000.00 4.071% 4/17/01 10/11/01 177 1,040,136.39
APS Financial Corp. _
Cash Funds Money Market 2,028.53
Federal Home Loan Bank _ Discount Note 314,332.87 7/20/00 7/19/01 364 314,332.87
Federal Home Loan Bank Discount Note _ _ _ 223,357.49 _ _2/07/01 8/08/01 182 223,357.49
_Federal Home Loan Bank-_ Discount Note 132,807.40 2/26/01 8/23/01 178 132,807.40
Federal Home Loan Bank Discount Note 105,951.40 3/02/01 8/31/01 182 105,951.40
Federal Home Loan Bank Discount Note 107,589.60 1/04/01 _7/05/01 182 107,589.60
Calif Fed Bk FSB , SF Certificate#CF701 93,000.00 6.750% 8/03/00 7/19/01 350 99,019.52
Sub-totals _ _____ __ __979,067.29 983,058.28
Capital Bank (#5007887) Certificate of Deposit 100,000.00 6.500% 8/25/00 8/27/01 367 106,535.62
AIM Institutional Funds
_Acct#62021 Money Market 6,932.29 4.000% 9/25/98 30 6,955.08
Acct#62015 __ Money Market_ _ 9,204.74 4.000% _ 4/27/98 30 9,235.00
Sub-totals $ 16,137.03 __ $ 16,190.08
Bearn Stearns Securities
Alliance Inst) Res_erves Inc Money Market 500.00 500.00
Lighthouse Commmunity Bk Certificate of Deposit 99,000.00 4.000% 4/30/01 10/29/01 182 100,974.58
Signal Bank South Certificate of Deposit_ 99,000.00 6.100% 9/14/00 9/14/01 365 105,039.00
Western State Bank Certificate of Deposit_ 100,000.00 6.100% 9/20/00 9/20/01 365 106,100.00
People's ST Bk of Truman _ Certificate of Deposit 100,000.00 6.140% 9/26/00 10/26/01 395 106,644.66
Greater South Texas Certificate_of Deposit 100,000.00 6.150% 9/25/00 11/25/01 426 107,177.81
_Ne_xtb_ank.N.A Certificate of Deposit__ 100,000.00 6.100% _12/21/00 5/21/02 516 108,623.56
First Bank of Puerto Rico Certificate of Deposit 100,000.00 6.150% 9/20/00 9/20/02 730 112,300.00
EFS Federal Savings Bank Certificate of Deposit __100,000.00 6.200% _ 9/25/00 10/25/02 760 112,909.59
First Federal Savings Bank Certificate of Deposit 100,000.00 6.200% 9/26/00 11/26/02 791 113,436.16
Habersham Bank Certificate of Deposit_ __100,000.00 6.250% 9/25/00 12/28/02 824 114,109.59
Flagstar Bank FSB Certificate of Deposit 100,000.00 5.250% 1/11/01 1/13/03 732 110,528.77
Sub-totals $1,098,500.00 _ $ 1,198,343.71
L A I F (Acct#25-07-003) Liquid Account $ 407,176.95 6.160% $ 407,176.95
Grand Totals $4,500,043.74 $ 4,643,431.85
INVEST 06-01
(JUNE-2001) Page 1 of 1 Last Printed: 7/3/01