Board Meeting

By CSAFE- July 24, 2018

2nd Quarter Board Meeting
August 6th, 1:00 pm - 4:00 pm
Location: Guaranty Bank, Cherry Creek

Board Meeting

By CSAFE - July 23, 2018

3rd Quarter Board Meeting
October 26th, 9:00 am - 12:00 pm
Location: Guaranty Bank, Cherry Creek

CSAFE Board - Special Meeting 7/16

By CSAFE - July 12, 2018

The CSAFE Board will be holding a special meeting on Monday, July 16, 2018 from 1 pm to 2 pm.
The meeting will take place at the law office of Thomas Merrigan - Berg Hill Greenleaf & Ruscitti located at 1712 Pearl Street, Boulder, CO.
The purpose of the meeting will be to discuss proposed contract service modifications and allow for an executive session to receive legal advice concerning the contract modifications.
Call-in instructions will be provided to Board members through email.

Fitch Rating on Colorado Core

By CSAFE - March 20, 2018

CSAFE is pleased to announce its FITCH Rating on Colorado Core, soon to be launched to all participants in April. Please click here to review the press release. 

GASB Statement 79

December 20, 2016

The Governmental Accounting Standards Board (GASB) created statement 79 to “address accounting and financial reporting for certain external investment pools and pool participants”. GASB 79 is the national guidance for all local government investment pools electing to measure investments at amortized cost for financial reporting purposes.  Due to the reform of SEC 2a-7 in October 2016, GASB 79 was written to replace the current guideline regarding LGIP’s to be 2a-7 like. 

The GASB 79 statement allows many state and local government external investments pools to continue to qualify for amortized cost accounting. CSAFE adheres to the guidelines outlined in GASB 79 regarding liquidity, maturity, quality, diversifications and shadow NAV pricing. 

CSAFE follows all guidelines outlined in GASB 79, highlighting the following:
  1. Security maturing in 397 calendar days or less
  2. Maintain a weighted average maturity of 60 days or less
  3. Maintain a weighted average life of 120 days or less
  4. Securities denominated only in USD
  5. A security must be rated by an NRSRO with the highest category rating of short-term credit ratings or its long-term equivalent category.
  6. Securities without credit ratings must be comparable credit quality to securities that have been rated within the highest category of short term credit ratings.
  7. No more than 5% of its total assets in investments of any one security (except for U.S. government securities, including its agencies and instrumentalities)
  8. No more than 10% of its total assets in investments with credit support through a demand feature or guarantee in one issuer.
  9. Will hold at least 10% of its total assets in daily liquid assets.
  10. Will hold at least 30% of its total assets in weekly liquid assets.
  11. CSAFE prices its portfolio daily using multiple pricing sources and posts its shadow NAV daily on its website.
  12. CSAFE measures all of its investments at amortized cost
Please do not hesitate to call 303-316-5151 if you have any further questions.