HomeMy WebLinkAboutMINUTES - 03162004 - C.33 TO: BOARD OF SUPERVISORS '� � E��=`°�'. Contra
FROM: William J. Pollacek, Treasurer-Tax Collector �; a� ���
Costa
DATE: March 16, 2004 oST`4_COUounty
VI
SUBJECT: TREASURER'S INVESTMENT REPORT THROUGH December 31, 2003
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, 2003.
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 December 31, 2003. 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:mb
Attachment
CONTINUED ON ATTACHMENT: YES SIGNATURE: 1�'!/ otocow/
z/ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDAT ON BOARD COMMITTEE
koo� — APPROVE OTHER
SIGNATURES
ACTION OF BOR ON / 0 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
UNANIMOUS(ABSENT
THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
)
AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED l �O
HN SWEETEN,CLERK OptHE BOARD OFSUPERVISORS
COUZJANDNTYY ADMINISTRATOR
BY: .DEPUTY
CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF DECEMBER 31, 2003
TABLE OF CONTENTS
Page
1. Executive Summary 1
11. Treasurer's County Investment Pool Summary 2
Ill. Appendix
A. Investment Portfolio Detail Managed by Treasurer's Office 4
1. Portfolio 5
2. Market Valuation Sources 20
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 2-20
c. Wachovia Bank 2-44
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. BNY Western 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
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 $1,763,181,517 on
December 31, 2003. The fair value was $1,765,342,733
which was 100.12% of cost.
• The weighted average maturity of the total investment pool
was 69.6 days. Over 94 percent of the portfolio or over
$1,659 million will mature in less than a year. The County is
able to meet its cash flow needs for a few months.
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF DECEMBER 31,2003
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