HomeMy WebLinkAboutMINUTES - 04202004 - HA1 HOUSING AUTHORITY F THE COUNTY 4 CONTRA COSTA A,
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: April 20, 2004
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 2004
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, 2004 as required by SB664(Ch 783).
11. FINANCIAL IMPACT:
None. For reporting purposes only.
III. REASONS FOR RECOMMENDATION/BACKGROUND
The Housing Authority of the County of Centra 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
SIONATURE(S):
ACTION OF BOARD ON April 20, 2004 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT Nm } 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 April 20, 2004
JOHN SWEETEN,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
f'w '7
B '' DUTY
H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Investment Report.doc
HOUSING AUTHORITY OF CONTRA COSTA COUNTY
--- - INVESTMENT REPORT UNAUDITED
For Period Ending 0313112004
Market Value as at Yield Investment Maturity Duration Estimated Value@
Custodial Institution Investment Type Amount invested 04/01/03 Date Date Days Maturity Date
APS Financial Corp.
Cash Fund Money Market 8,045.27 0.500% 8,045.27
Federal H/Loan Mtg Corp Discount Note 235,000.00 232,283.40 3.000% 3/28/03 3128/081 1827 270,288.63
Federal Home Loan Bank Discount Note 265,000.00 266,325.00 3.160% 6119103 6119/08 1827 306,915.88
Federal Home Loan Bank Discount Note 355,000.00 355,000.00 2.870% 7/02/03 7102/08 1827 405,998.33
Federal Nall Mtg Assoc Discount Note 325,000.00 325,000.00 2.600% 6/30/03 6130108 1827 367,296.30
Federal Home Loan Bank_ Discount Note 395,000.00 395,000.00 3.354% 8/07/03 8/07/08 1827 461,235.01
Federal Natl Mtg Assoc Discount Note 120,000.00 120,000.00 3.150% 3/23/04 3/16/09 1819 138,837.86
Subtotals 1,703,045.27 1,693,608.40 1,958,617.28
Bearn Stearns Securities
Alliance Intl Reserves Inc Money Market 35.00 0.380% 35.00
Wauwatosa Savings Bank Certificate of Deposit 100,000.00 3.500% 10/30/01 4/30/04 913 108,754.79
Direct Merchant C/Card Banl Certificate of Deposit 100,000.00 4.000% 10/30/01 10/30/04 1096 112,010.96
Lighthouse Community Bank Certificate of Deposit 100,000.00 4.200% 11/15/01 11/15/05 1461 116,811.51
Euro Bank Hato Rey Certificate of Deposit 100,000.00 5.100% 11/30/01 11/30/06 1826 125,513.97
State Farm Bank Certificate of Deposit 100,000.00 3.200% 6/24102 6/24104 731 106,408.77
Capital One Bank Certificate of D oslt 100,000.00 3.210% 12/30/02 12/30/04 731 106,428.79
Providian Natonal Bank Certificate of Deposit 100,000.00 2.960% 1/13/03 1/13/05 731 105,928.11
MBNA America Bank Certificate of Deposit 97,000.00 2.960% 1/13103 1113/05 731 102,750.27
United Kingfield Bank Certificate of Deposit 100,000.00 3.000% 12130103 12/29/06 1095 109,000.00
Sub-totals $ 897,035.00 $ 993,642.17
Key Bank USA ,NA Certificate of De osit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L Al F Acct#25-07.003 Liquid Account $ 64,682.37 1.560% 1 64,682.37
DE ANZA GARDENS LOAN $ 1,000,000.00 3.000% 1,000,000.00
Grand Totals $ 3,763,762.64 $ 4,140,061.53
N-0TE MARKET VALUES WILL BE UPDATED AS AT 03131/2004 UPON RECEIPT OF STATEMENTS �
INVESTMENTS 03-04
(MARCH 3`1•2004) Page 1 of 1 Last Printed: 4/8/2004