HomeMy WebLinkAboutMINUTES - 05162006 - HA.1 HAHOUSINGAUTHORITY OF THE COUNTY OF CONTRA COSTA 16 1
TO: BOARD OF COMMISSIONERS
FROM: Rudy Tamayo, Executive Director
DATE: May 16, 2006
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 2006
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending March 31, 2006 as required by California Government Code (CGC) 53600.6.
II. FINANCIAL IMPACT:
None, for reporting purposes only
Ill. REASONS FOR RECOMMENDATION/BACKGROUND
The Housing Authority of the County of Contra Costa is required to provide a quarterly investment
report in accordance with California Government Code (CGC) 53600.6. 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 Housing Authority Investment Policy, approved on June 22, 2004
by this Board. All investments are held in authorized investment securities at the highest possible yield,
while maintaining and ensuring safety and liquidity.
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 SIGNATURa�
Rug'famak.Executive Di for
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON 69M6 APPROVED AS RECOMMENDED_ OAER
VOTE OF COMMISSIONERS
�^ I HEREBY CERTIFY THAT THIS IS A
Y UNANIMOUS (ABSENT TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
MINUTES OF THE BOARD OF
ABSENT: ABSTAIN: COMMISSIONERS/ON THE DATE SHOWN.
ATTESTED
f
JO CULL N,CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY ,DEPUTY
Maryfmtz\H:\Tamayo\BO Investment Report 5 16 06.doc
r HOUSING AUTHORITY OF CONTRA COSTA COUNTY
INVESTMENT REPORT
For Period Ending 03/31/2006
Investment Type Amount Invested Yield Investment Date Maturity Date Duration Days Estimated Value@
Maturity Date
APS Financial Corp.
Cash Fund Money Market 36,833.52 1.000% 36,833.52
Federal Home Loan Bank Discount Note 40,000.00 4.250% 4/14/05 3/15/10 1796 48,364.93
Federal Natl Mtg Assoc Discount Note 100,000.00 4.450% 5/03/05 11/23/09 1665 120,299.32
Federal Natl Mtg Assoc Discount Note 100,000.00 4.410,% 6/03/05 5/24/10 1816 121,941.26
Federal Home Loan Bank Discount Note 345,000.00 4.500% 6/07/05 3/08/10 1735 418,796.92
Federal Natl Mtg Assoc -1 Discount Note 600,000.00 4.500% 6/08/05 2/25/10 1723 727,454.79
Federal Natl Mtg Assoc -1 Discount Note 300,000.00 4.500% 6/30/05 2/25/10 1701 362,913.70
Federal Natl Mt9 Assoc -1 Discount Note 100,000.00 4.500% 7/06/05 2/25/10 1695 120,897.26
Federal Natl Mt9 Assoc Discount Note 125,000.00 4.550% 7/27/05 5/24/10 1762 152,455.82
Federal Home Loan Bank Discount Note 255,000.00 4.800% 7/28/05 8/10/10 1839 316,669.48
Federal Nall Mtg Assoc Discount Note 100,000.00 5.000% 8/10/05 8/10/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 5.000% 8/24/05 8/24/10 1826 125,013.70
Federal Natl Mtg Assoc Discount Note 100,000.00 4.375% 10/18/05 1/12/09 1182 114,167.81
Federal Nat[ Mtg Assoc Discount Note 100,000.00 5.150% 2/22/06 1/01/11 1774 125,030.41
Sub-totals 2,501,833.52 3,040,866.31
Bearn Stearns Securities
Alliance Instl Reserves Inc Mone Market 40.00 1.770% 40.00
United Kingfield Bank Certificate of Deposit 100,000.00 3.000% 12/30/03 12/29/06 1095 109,000.00
Capital City B&T Co Certificate of Deposit 99,000.00 3.660% 12/30/04 12/30/07 1095 109,870.20
Mutual Bank Certificate of Deposit 99,000.00 4.100% 1/13/2005 1/4/2009 1452 115,147.04
Security ST Bank of Wannamin o Certificate of Deposit 100,000.00 4.000% 3/16/05 6/16/08 1188 113,019.18
Providian National Bank Certificate of Deposit 100,000.00 4.000% 4/11/05 1/11/08 1005 111,013.70
Shore Bank Certificate of Deposit 50,000.00 5.000% 1/09/06 6/14/10 1617 61,075.34
Discover bank Certificate of Deposit 15,000.00 5.150% 1/12/06 5/06/11 1940 19,105.89
Middleton Community Bank Certificate of Deposit 25,000.00 4.800% 1/12/06 1/11/08 729 27,396.71
Sub-totals $ 588,040.00 $ 665,668.06
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
L A I F Acct#25-07-003 Liquid Account $ 1,417,831.08 4.030% 1,417,831.08
DE ANZA GARDENS LP LOAN $ 1,000,000.00 3.000% 1,000,000.00
Grand Totals $ 5,606,704.60 $ 37,148.00 $ 38,974.00 $ 1,826.00 1 $ 6,247,485.16
INVESTMENTS 05-06
(JAN-MAR-2006) Page 1 of 1 Last Printed: 4/26/2006