HomeMy WebLinkAboutMINUTES - 06082004 - C.136 Aw
TO: BOARD OF SUPERVISORS -� SEL __.,, Contra
�`�
FROM: William J. Pollacek, Treasurer-Tax Collector S� � a�;;,�n } 's Costa
DATE: June 8 2004 Cou nty
rRcovK'�
SUBJECT: TREASURER'S INVESTMENT REPORT THROUGH March 31, 2004
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
ACCEPT the report from the Treasurer-Tax Collector on County investments as of
March 31 , 2004.
BACKGROUND/REASON (S) FOR RECOMMENDATION (S):
Government Code section 53646 requires the County Treasurer to prepare and submit
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 March 31 , 2004. 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
CONTINUED ON ATTACHMENT: YES SIGNATURE: 101z000ltll
/moi+
�TRECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI F BOARD COMMITTEE
APPROVE OTHER
SIGNATURES
ACTION OF BO D N img $, 2004 APPROVED AS RECOMMENDED g OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
X UNANIMOUS(ABSENT �� )
AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED June $, 200+
JOHN SWEETEN,CLERK OF THE BOARD OFSUPERVISORS
AND COUNTY ADMINI TRATpR
BY: ( ,DEPUTY
w
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
Treasurers current investment policy.
• The Treasurer's investment portfolio has no securities lending,
reverse repurchase agreements or derivatives.
• The total investment pool equaled $1,860,924,489 on March
31, 2004. The fair value was $1,863,669,645 which was
100.15% of cost.
• The weighted average maturity of the total investment pool
was 66.8 days. Over 94 percent of the portfolio or over
$1,761 million will mature in less than a year. The County is
able to meet its cash flow needs for a few months.
• The current members of the Treasury Oversight Committee
were reappointed to their specified seats for the four year
term beginning May 1, 2004 through April 30, 2008.
• Pursuant to Govemment Code Section 27134, the
examination of the activities of the County Treasurer's Office
and the Treasury Oversight Committee for CY 2003 has been
completed. The report will be reviewed at the May 18, 2004
meeting.
• Pursuant to Government code Section 27133, the Treasury
Oversight Committee will review the Treasurer's Investment
Policy for the upcoming fiscal year.
A%wordlexecutiv.sum
1
a '
O0 le- ONo O o O O O O O O NORO
O O NONO
O O NOR
O O O O O IONOI
O O O
CO r r LO N 0 0 O CD I O CD - Pz ti Go N N � N O O) CD r` O
:3 � O N CO Q O M r r � CO LO O CO T O) LO O r O Lf) 1� It O
N T
oV O OOT- NOOT NN000 � LO N �- OONCVOt` M M
Lr LL _ �`�
O �
as
LO O O r O S COON LO LO T O O N COO r O N ". OTLO
O � CO cMON O � OCC � N pN M oo .
O) N N t 8 COO pp O O O O N LO r 4 O d' N
J cw O tr U) C0 w O O N '�t O f` 00 /C/�D� t�
Qw w w w w w w w w w w w w w w w w w • W w
M r N C O) o 11) M O N Ct) O O COM r CO f� Cl) d' (O
> d' r O) CO N Cl) ,C) N O) O N N r N O It N CO CO T N CO
O CO M CO CO CO w O L() O) O w w M CO Co �t N 'd• T w w M w
w w w w w w w w w w w � w w w w w w T. M
a M "d• COMOT ��N•• LOM0r �
T- O M O N tt d r CO r m O M OT CO Co
U. T (� CO
r r
W O 0 0 0 0 0 0 O 8 O O N N N O O COO 0 0 0 0 M O
O o00pO00 OOC; c; 6 °'
M CO rn
J O O O O tet• 0 0 O O N O M M 00 w O N N O 0 0 O
O O O O ti 0 0 w O O d• O O) w w M 0 m �t O) O CO
Q w w w w w w w N w w w w w M w w w w w w O OD O
J > r o 0) M O O O O O r O 1O �N• � 1` to O �Mpp ttC,,O�D O � � CO
O ti000OD I*-- CNOO� M0W w LO co co �t � '- CN
f` Ch 4 C6 N LA r w w w w w �� w w w w •t •,
�N• OOOrp�pp
O M O N d' '- CA C'D O) M O T CO CD
r T
W
� O
) O
r1)r- MOOrOOOOp • COOdN 04CD00 CVCO CO O O N O CD I� NC) O CO O O O eMO
C O ppM p ''
ir-
0
CY) C\l LC) CO)
OOO
W N d' N CM (0 COr*- OO
w 14w Mw CO al M OcoNW O
NO ti CD NNM OLrwLO0) �wCONMU) � R w M O 0) CMCO 0 OO. C O CO 2 4 � T r O
fA COw ON Ow/ MOOwwOwrNN N (6
Ow (D C') C) )w
00
r w O w
O
V W
� O
to Q
O
V
Q )
leeee� N_
Z Q j co
La NV
w
O (0
am � O V w
0 m a
� -
CO) C or.
LL ca
H
d O C ,.... .. N V 0
Cl) _ Q •�
9mecam � � •- ,� 0
y O Ll. 2 Z 2 O M .L i ~ > LL 0 O
• O � .- mOm YC v
v
m � LLLLLL LO200 cn � a: C-) cn a as O cd .6 cs -6 aim .t
C N M = r CV V
d ed v
2
NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF MARCH 31,2004
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
3