HomeMy WebLinkAboutMINUTES - 03112008 - C.109 9E L
TO: BOARD OF SUPERVISORS _ ,, com
FROM: William J. Pollacek, Treasurer-Tax Collector V, Costa
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CountyDATE: March 11, 2008 �°sr., �°UNC `�
SUBJECT: Treasurer's Investment Report as of December 31, 2007
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Accept the Treasurer's Investment Report as of December 31 , 2007.
FISCAL IMPACT: None
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 of
October 1 , 2007 through December 31 , 2007. 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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CONTINUED ON ATTACHMENT: `/YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI BOARD COMMITTEE
✓ APPROVE OTHER
SIGNATURE(S): `` y
ACTION OF BC R ON �a V APPROVED AS.RECOMMENDED 1/ O/HER
1
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: r' NOES:
p
ABSENT: i ABSTAIN:
Contact: hh�n
Cc: Treasurer-Tax Collector's Office ATTESTED
JOHN CULLEN,CLERK OF THE BOARD OFSUPERVISORS
AND QOUNTY ADMINI TRATOR
BY: bytf, atn DEPUTY
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CONTRA COSTA COUNTY
TREASURER'S QUARTERLY INVESTMENT REPORT
AS OF DECEMBER 31, 2007
TABLE OF CONTENTS
Page
I. Executive Summary 1
II. Contra Costa County Investment Pool Summary 2
III. 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
b. 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 2-25
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. Other 4-1
i
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 $2,310,236,616 on
December 31, 2007. The fair value was $2,317,710,627
which was 10032% of cost.
• The weighted average maturity of the total investment pool
was 87.16 days. More than 91 percent of the portfolio or over
$2.121 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, 2007
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
ckontracted 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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