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HomeMy WebLinkAboutMINUTES - 03122002 - C72 TO: BOARD OF SUPERVISORS ..._. �� Contra ' Costa FROM: William J. Pollacek, Treasurer- Tax reasurer Tax Collector DATE: March 12, 2002. 6I741-c ounty' SUBJECT: TREASURERI S INVESTMENT REPORT THROUGH DECEMBER 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 December 31, 2001.` BACKGROUNDIREASOX (S') FOR' RECOMMENDATION (S) : Government Code section '53646 requires the County Treasurer t6 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 December 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:vrb Attachment CONTINUED ON ATTACHMENT: YES' SIGNATURE: RECOMMENDATION OF COUNTYADMINISTRATOR RECOMMENDATIOPZCF'BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): _ ACTION OF BOARD ON .G7t1 r APPROVED AS RECOMMENDED OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION'TAKEN S%AND ENTERED ON MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. UNANIMOUS{ABSENT ;� �`"� ) AYES: NOES: ABSENT: ABSTAIN: Contact: cc: Treasurer-Tax Collector's Office ATTESTED...- --' JOHHf`11 °�TEij;.CLE K OF'THE BOARD OFSUPERVISORS AM COtRJ'FL' ADMI SMTOR BY: DEPUTY CONTRA COSTA COUNTY TREASURER'S QUARTERLY INVESTMENT REPORT AS 4F DECEMBER 31, 2001 TABLEOF CONTENTS Page 1. Executive Summary 1 Ii. Treasurer's County Investment Parol Summary 2 Ill. Appendix A. investment Portfolio Detail—Managed by Treasurer's Office 4 1. Portfolio -5 2. Market Valuation'Sources 19 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- 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) . 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 Spacial"fax Refunding Bonds Reserve 6. Mechanics Bank for Micro Enterprise Loans 6-1 7. Other 7-1 i EXECUTIVE SUMMARY; • The Treasurer's 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 $1,433,637,392, on December 31 2001. The fair value was $1,440,520,070, which was 100.5% of cost`. « The weighted average maturity of the total investment pool was 77 days. Over 92 percent of the portfolio or over $1,333 million will mature in less than a year. The County is able to meet its cash flow needs for the next six months. Ahm3rdtiekecWNi.asm 1�1' 56 6�` pG fi• O� pC a co r .= 4 -C, C4TC; C4 ir © C t'> oc+ Tr tl' a� cv 4J T M3 T '1" ,* COul $ 888888 $ 888$ $ $ $ 83 $ 88 r CL N W w- tp, 'd"d'.. Fes•,, t1. �Q ,- t+! T r C ems- W w h r cV N rj cD Y 8 8 ; cmv a 8 8co to 'y r T LOco T- T `•i.... V y rw y RJ Is eti �: LL t— 0. r ci m ai +d` ad ti t NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF DECEMBER 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. 3. The Treasury has initiated guying direct from the'GhevronTexaco commercial paper program. A:Notes 3