HomeMy WebLinkAboutMINUTES - 04032007 - C.125 E sE_.L
TO: BOARD OF SUPERVISORS .;-: �,, �°=_.�,. Contra
FROM: William J. Pollacek, Treasurer-Tax Collector Costa
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DATE: April 3, 2007 �osTCOUNt{ GP
SUBJECT: COUNTY TREASURER'S INVESTMENT REPORT as of December 31, 2006
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
Recommendation:
ACCEPT the T'reasurer's Investment Report as of December 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 the County investments
including type, cost, par value, and market value. Attached please find the report
covering the period October 1 , 2006 through December 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 RECOMMENDAFNAF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BO1!)DN
APPROVED AS RECOMMENDED _� O
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.
)
AYES: NOES:
ABSENT: _ ABSTAIN:
Contact:
Cc: Treasurer-Tax Collector's Office ATTESTED
CAOJOHN CULbeN,CLERK OF THE BOARD OFSUPERVISORS
ZAND",OUNTY ADMINISTRATOR
BY: DEPUTY
CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF DECEMBER 31, 2006
TABLE OF CONTENTS
Pane
I. Executive Summary 1
11. Treasurer's County Investment Pool Summary 2
Ill. Appendix
A. Investment Portfolio Detail—Managed by Treasurer's Office 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
1). Statements 1-3
2. Capital Asset Management Funds 2-1
a. Wells Fargo Bank 2-2
b. Columbia Management Group (Bank of America) 2-16
C. CalTrust 2-31
3. California Arbitrage Management Program for Redevelopment Agency 3-1
(Contra Costa County Public Financing Authority)
a. Summary 3-2
b. Portfolio 3-3
4. Guaranteed Investment Contracts 4-1
a. Summary 4-2
b, Statements 4-3
5. Other 5-1
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 $2,415,648,730 on
December 31, 2006. The fair value was $2,418,851,644
which was 100.13% of cost.
• The weighted average maturity of the total investment pool
was 68.69 days. More than 93 percent of the portfolio or over
$2.266 billion will mature in less than a year. The County is
able to meet its cash flow needs for six months.
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NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF DECEMBER 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
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