To: Board of Supervisors
From: Russell Watts, Treasurer-Tax Collector
Report Title: ADOPTION OF THE QUARTERLY INVESTMENT REPORT AS OF 9/30/2023
☒Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
ACCEPT the Treasurer’s Quarterly Investment Report as of September 30, 2023, as recommended by the County 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, 2023, through September 30, 2023.
As of September 30, 2023, the par value, cost, and market value of Contra Costa County Investment Pool were $5,723,450,311.23, $5,695,617,982.11, and $5,615,211,239.29, respectively. The weighted yield to maturity was 4.49% and the weighted average days to maturity were 298 days.
As of September 30, 2023, 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 should be able to meet its obligations for the next six months.
CONSEQUENCE OF NEGATIVE ACTION:
None.