HomeMy WebLinkAboutMINUTES - 03082005 - C.52 TO: BOARD OF SUPERVISORSContra
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FROM: William J. Pollacek, Treasurer-Tax Collector �; ����� _� ,� Costa
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DATE: March 8, 2005 ST;;-co;;�:�
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SUBJECT: Treasurer's Investment Report through September 30, 2004
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
ACCEPT the report from the Treasurer-Tax Collector on County investments as of
September 30, 2004.
FISCAL IMPACT: None
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 July 1 , 2004 through September 30, 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.
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Attachment
CONTINUED ON ATTACHMENT: Loloo"" YES SIGNATURE: /1/.000
C RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA OF BOARD COMMITTEE
APPROVE OTHER
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SIGNATURE(S): f �12,
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ACTION OF BOR ON ItftX G L � ;�"�JQ 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
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UNANIMOUS(ABSENT THE BOARD OF SUPERVISORS ON THE BATE SHOWN.
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AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED
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JOHN SWEETEN,CLERK OF IHE BOARD OFSUPERVISORS
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NTY ADMINISTRATOR
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BY: ,DEPUTY
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 $1,545,371,652 on
September 30, 2004. The fair value was $1,544,678,876
which was 99.95% of cost.
• The weighted average maturity of the total investment pool
was 72.65 days. Over 91 percent of the portfolio or over
$1,419 million will mature in less than a year. The County is
able to meet its cash flow needs for a few months.
The audit for CY 2003 on the activities of the County
Treasurer's Office and the Treasury Oversight Committee
was accepted by the Board of Supervisors on August
10, 2004.
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF SEPTEMBER 30, 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.
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A:Notes
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