HomeMy WebLinkAboutMINUTES - 03212006 - C.56 ' qEA�
TO: BOARD OF SUPERVISORS .;.:i= ,- Contra
FROM: William J. Pollacek Treasurer-Tax Collector o°....... -N= � Costa
mo.`s':'...
CountyDATE: March 21 , 2006 t�aCOUN"t'{
SUBJECT: TREASURER'S INVESTMENT REPORT AS OF DECEMBER 31, 2005 C1,54
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
Recommendation:
ACCEPT the Treasurer's Investment Report as of December 31 , 2005.
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
October 1 , 2005 through December 31 , 2005. Section 3 of the balance of the report is
an appendix with financial data, which is available for referenceat the Clerk of the
Board's office. i
WJP:mb
Attachment
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CONTINUED ON ATTACHMENT: ✓ YES SIGNATURE:
/ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND7/F F BOARD COMMITTEE
APPROVE OTHER '
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SIGNATURE(S): /
ACTION OF BOAAPPROVED AS RECOMMENDED O R
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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.
(�• ) I
AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED
J019N CULLEN,CLERK OF THE BOARD OFSUPE,,V;SORS
AND COUNTY ADMINISTRATOR
BY: DEPUTY
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CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF DECEMBER 31, 2005 '
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TABLE OF CONTENTS
Page
I. Executive Summary 1
II. Treasurer's County Investment Pool Summary j 2
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III. Appendix
A. Investment Portfolio Detail—Managed by Treasurer's Officei 4
1. Portfolio Summary 5
2. Portfolio Detail 6
3. Market Valuation Sources 23
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 j 1-3
2. Capital Asset Management Funds 2-1
a. Wells Fargo Bank 2-2
b. Columbia Management Group (Bank of America) 2-18
c. CalTrust 2-37
3. California Arbitrage Management Program for Redevelop ment Agency 3-1
(Contra Costa County Public Financing Authority) i
a. Summary 3-2
b. Portfolio 3-3
4. Guaranteed Investment Contracts 4-1
a. Summary i 4-2
b. Statements 4-3
5. Other I 5-1
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EXECUTIVE SUMMARY
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• The Treasurer's investment portfolio is in compliance with
Government Code 53600 et. seq..
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• 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 $2,211,784,484
on December 31, 2005. The fair value was $2,211,4291,277
which was 99.98% of cost.
• The weighted average maturity of the total investment pool
was 58.31 days. Over 94.98 percent of the portfolio or over
$2,100 million will mature in less than a year. The Cobnty is
able to meet its cash flow needs for six months.
AAwor"xecutiv.sum
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF DECEMBER 31, 2005
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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