To: Board of Supervisors
From: Dan Mierzwa, Treasurer-Tax Collector
Report Title: ADOPTION OF THE QUARTERLY INVESTMENT REPORT AS OF 12/31/2023
☒Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
ACCEPT the Treasurer’s Quarterly Investment Report (the “Report”) as of December 31, 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 October 1, 2023, through December 31, 2023.
As of December 31, 2023, the par value, cost, and market value of Contra Costa County Investment Pool were $6,873,924,326.77, $6,832,825,416.54, and $6,785,695,673.07, respectively. The weighted yield to maturity was 4.72% and the weighted average days to maturity were 259 days.
As of December 31, 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 cash flow needs for the next six months.
CONSEQUENCE OF NEGATIVE ACTION:
The Department would be out of compliance with Government Code Section 53646.