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HomeMy WebLinkAboutMINUTES - 06062006 - C.70 TO: BOARD OF SUPERVISORS '` Contra FROM: William J. Pollacek, Treasurer-Tax Collector o Costa DATE: June 6, 2006 caUt� County SUBJECT: TREASURER'S INVESTMENT REPORT AS OF MARCH 31, 2006 -7, SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION Recommendation: ACCEPT the Treasurer's Investment Report as of March 31 , 2006. BACKGROUND/REASON (S) FOR RECOMMENDATION (S): Government Code section 53646 encourages 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 January 1 , 2006 through March 31 , 2006. 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 Attachment CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEN DATV BOARD COMMITTEE —iG APPROVE OTHER I;L6__ SIGNATURE(S): i 'xa��� ACTION OF BOA D ae:1�6 APPROVED AS RECOMMENDED O R 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. UNANIMOUS(ABSENT ) AYES: NOES: ABSENT: ABSTAIN: Contact: Cc: Treasurer-Tax Collector's Office ATTESTED J LLEN,CLERK OF THE BOARD OFSUPERVISORS D CnjINTY ADMINISTRATOR BY: DEPUTY I I CONTRA COSTA COUNTY TREASURER'S QUARTERLY INVESTMENT REPORT AS OF MARCH 31, 2006 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 $2,242,463,189 on March 31, 2006. The fair value was $2,242,069,743 which was 99.98% of cost. • The weighted average maturity of the total investment pool was 59 days. Over 94.8 percent of the portfolio or over $2.126 billion will mature in less than a year. The County is able to meet its cash flow needs for a few months. • Pursuant to Government Code Section 27134, the examination of the activities of the County Treasurer's Office and the Treasury Oversight Committee for CY 2005 has been completed. The report will be reviewed at the May 16, 2006 meeting. • Pursuant to Government Code Section 27133, the Treasury Oversight Committee will review the Treasurer's Investment Policy for the upcoming fiscal year. AAworMexecutiv.sum 1 o 00 uO CO (O oO cO uO 0O 0O 0O 0O 0O 0O 00 0O 00 0O 0O 0O 0O 0O 0O 0O 0O 00 00 (D ti CO N M It ll) U) a0 ^ r m O M N N 'It r N O M O J Nr t� 'V' O? 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E D e' 0) L� 0 Gi o o m 3 o a� o t � cnOUUtn 0 � U- LLLLLU mmozo � pw O cd .6 6 -0 ai N C r CV M C r N V d od v 2 NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF MARCH 31,2006 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