Agenda

Return

C.106

To:	Board of Supervisors
From:	Russell Watts, Treasurer-Tax Collector
Date:	December 11, 2012

Contra

Costa

County

Subject:

County Treasurer's Investment Report September 30, 2012

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 12/11/2012

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Brice Bins, 957-2848

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: December 11, 2012
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

ACCEPT the Treasurer’s Investment Report as of September 30, 2012, as recommended by the Treasurer-Tax Collector.

FISCAL IMPACT:

None.

BACKGROUND:

Government Code Section 53646 requires the County Treasurer to prepare quarterly reports to the Board of Supervisors describing County investments including type, par value, cost, and market value. Attached please find the report covering the period July 1, 2012 through September 30, 2012.

BACKGROUND: (CONT'D)

As of September 30, 2012, the par value, cost, and market value of Contra Costa County Investment Pool were $1,640,342,685.02 , $1,647,642,318.96, and $1,649,891,863.20, respectively. The weighted yield to maturity was 0.52% and the weighted average days to maturity were 193 days.

As of September 30, 2012, The Treasurer’s investment portfolio was in compliance with Government Code 53600 et. seq. and with the Treasurer’s current investment policy. Historical activities combined with future cash flow projections indicate that the County has sufficient liquidity to meet its obligations for the next six months. However, the State’s deferral policies and budget deficit could have a significant impact on the County’s cash flow for the next six months.

CONSEQUENCE OF NEGATIVE ACTION:

The Treasurer-Tax Collector's Office will not be in compliance with Government Code Section 53646.

CHILDREN'S IMPACT STATEMENT:

Not applicable.