HomeMy WebLinkAboutMINUTES - 05062003 - HA2 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: May 6, 2003
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 20013
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
1. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending March 31, 2003 as required by SB564(Ch 783).
ll. FINANCIAL IMPACT:
None. For reporting purposes only.
Ill. 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 May 6, 20013 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
Advisory Housing Commission Seat Vacant I HEREBY CERTIFY THAT THIS IS A
TRUE AND CORRECT COPY OF AN
X UNANIMOUS ACTION TAKEN AND ENTERED ON THE
(ABSENT (Me ) IN: MINUTES OF THE BOARD OF
AYES: NOES: COMMISSIONERS ON THE DATE SHOWN.
ABSENT: ABSTAIN:
DISTRICT III SEAT VACANT ATTESTED May 6, 2003
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
B � � �� i9 EPUTY
II:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doe
';i
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
--_- INVESTMENT REPORT
For Period Ending 03131/2003 _--
Custodial Institution investment Type Amount invested Yield investment Maturity Duration Estimated Value c@
Date Date Clays Maturity Date
APS Financial Corp.
Cash Fund Money Market 7 833.56 0,500%0
Federal H/Loan Mtg CorpDiscount Note 355 000.00 3.500%0 10/03/02 10/15107 1838 417 567.53
Federal -Nati Mtg Assn Discount Note 265,0011.00 3.500%c 11/27102 10/15/07 1783 310,307.74
Federal Home Loan Bank Discount Note 165000.00 3.000% 12/27/02 12115106 1449 184 650.82
Federal Home Loan Bank Discount Note 100 000,00 3.100% 1109/03 7115/07 1648 113,996.71
Federal H/Lean Mtg Core Discount Note 552 000.00 3.750% 2/20/03 2/20/08 1826 655 556.71
Federal H/Loan M1tCor Discount Note 325,000.00 3.700% 3/27103 3127108 1627 385190.89
Federal H/Loan Mtj CorpDiscount Nate 235 000.00 3.000% 3/28103 3128/08 1827 270,288.63
Sub-totals 2,004,833.56 2 337,559.04
Bearn Stearns Securities
Alliance Inst!Reserves Inc Money Market 35.00 0.970% 35.00
Wauwatosa Savin s Bank Certiftcate of Deposit 100 000.00 3.500% 10/30/01 4130104 913 108 754.79
Direct Merchant C/Card Bank Certificate of Deposit 100,000-00 4.000% 10/30101 10/30/04 1096 112,010.96
Lighthouse Commur&Bank Certificate of Deposit 100 000.00 4.200% 11/15/01 11/15105 1461 116,811.51
Euro Bank Nato Rey Certificate of Deposit 100,000.00 5.100% 11130101 11/30/06 1826 125 513.97
Premier Bank_Colorado Certificate of Deposit 1000 2.600%0 6/24102 6/24103 365 102 600.00
Greater South Texas Bank Certificate of Deposit 99 000.00 2.500% 61241021 6/24/03 365 101 475.00
Heritage Bank Certificate of Deposit 100,000.00 3.000% 6f24102 12/24/03 548 104 504.11
State Farm Bank Certificate of Deposit 100 000.00 3.200% 6124/02 6/24104 731 106 408.77
Capital One Bank Certificate of Deposit 100,000.00 3.210% 12/30/02 12/30/04 731 106 428.79
Providian Natonai Bank Certificate of Deposit 100 000.00 2.960% 1113103 1113/05 731 105 928.11
MBNA America Bank Certificate of Deposit 97 000.00 2.980°10 1/13/03 1113/05 731 102,750.27
Sub-totals $ 1 096 035.00 $ 1,193,221.28
Key Bank USA NA Certificate of Deposit 99 000.00 4.870% 9114101 9114/06 1826 123 119.71
L A I F Acct#25-07-003 L uld>Account $ 1,312,737.96 2.130% 1,3 12,737.96
Grand Totals 4,512,606.52 4,966,637.99
iNVESTMENrS 02-03
(MARCH-03(2)> Page 1 of 1 Last Printed: 4/9/03