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01-12-2010 CC Rpt A06COUNCIL AGENDA STAFF REPORT JANUARY 5, 2009 CITY CLEC� . S .ONLY jam) 7W J,�' -4 AM 10: 31 G' FICE. 0:-- Ci T Y CLERIC APPROVED AS RECOMMENDED C`'i'`tJ MLLS TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR NOVEMBER 2009 RECOMMENDATION: 1. Approve the Treasurer's Report for November; and 2. Authorize staff to continue investing all of the City's funds in State and County investment pools. BACKGROUND/ANALYSIS: The Treasurer's Report for November 2009 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $139,454,762.61. The amount of cash shown in the checking accounts may be either a positive or negative (overdrawn) amount, depending on whether or not there is an opportunity to invest the "float" amount. It is the Treasurer's intention to invest all cash not needed for the immediate cash flow needs of the City. The cash flow for all major fund types is also reported in Exhibit A. As shown, the City's cash reserves, coupled with the month's cash receipts, are sufficient to meet the City's cash disbursement requirements for the month. Additionally, there are sufficient reserves and forecasted cash receipts to meet the City's future cash disbursement needs. Attached are copies of the summary reports received from the agency pools in which the City invests. Due to the different styles and lengths of reports, only summary information is excerpted from the reports and attached as exhibits to the Treasurer's Report. Additionally, the agencies reports that will be attached to the City Treasurer's Report may not necessarily correspond according to dates, due to the lag time in producing and mailing these reports. Included in Exhibit A is a column showing the market value of investments the City has in the various pooled investment accounts. The investment pools provide the market valuation information for the total pool and City staff then calculates and reports the City's pro rata share of the market valuation amount. APPROVED AS RECOMMENDED fi� <� Meeting Date: January 12, 2009 Public Hearing: ❑ Discussion Item: ❑ / Consent Item: JANUARY 5, 2009 CITY CLEC� . S .ONLY jam) 7W J,�' -4 AM 10: 31 G' FICE. 0:-- Ci T Y CLERIC APPROVED AS RECOMMENDED C`'i'`tJ MLLS TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR NOVEMBER 2009 RECOMMENDATION: 1. Approve the Treasurer's Report for November; and 2. Authorize staff to continue investing all of the City's funds in State and County investment pools. BACKGROUND/ANALYSIS: The Treasurer's Report for November 2009 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $139,454,762.61. The amount of cash shown in the checking accounts may be either a positive or negative (overdrawn) amount, depending on whether or not there is an opportunity to invest the "float" amount. It is the Treasurer's intention to invest all cash not needed for the immediate cash flow needs of the City. The cash flow for all major fund types is also reported in Exhibit A. As shown, the City's cash reserves, coupled with the month's cash receipts, are sufficient to meet the City's cash disbursement requirements for the month. Additionally, there are sufficient reserves and forecasted cash receipts to meet the City's future cash disbursement needs. Attached are copies of the summary reports received from the agency pools in which the City invests. Due to the different styles and lengths of reports, only summary information is excerpted from the reports and attached as exhibits to the Treasurer's Report. Additionally, the agencies reports that will be attached to the City Treasurer's Report may not necessarily correspond according to dates, due to the lag time in producing and mailing these reports. Included in Exhibit A is a column showing the market value of investments the City has in the various pooled investment accounts. The investment pools provide the market valuation information for the total pool and City staff then calculates and reports the City's pro rata share of the market valuation amount. APPROVED AS RECOMMENDED fi� AGENDA DATE: JANUARY 12, 2009 SUBJECT: TREASURER'S REPORT FOR NOVEMBER 2009 PAGE TWO The market value may show unrealized gains or losses for the pooled investments. This does not mean that the pool has actually gained or lost any money on these transactions; it just shows what would have occurred if the pool had redeemed any of the investments as of the date of the report. Typically, the pools may not actually earn any gains nor suffer any losses, since the pools hold the investments to their maturity dates. For interest bearing instruments (which usually comprise most, if not all, of the pools' investments), a change in the market rate of an instrument will cause the value of the instrument to change. For example, when the interest rates increase, the value of bonds, notes, and other interest -rate -sensitive investments will decrease. Conversely, when the market interest rates decrease, the value of bonds, etc., will increase. But the risk of any actual loss (or gain) occurs only if the bonds or other investments are sold before their maturity date. If the investments are held until their maturity date, the investor will receive the total principal of the investment as well as any interest earned on the investment. Due to the City having limited staff and resources, it is recommended that the City continue investing all funds in State and County investment pools as a prudent means of balancing investment returns with the costs of investment activities. FISCAL IMPACT: In accordance with California Government Code, the Finance Director/City Treasurer certifies that sufficient investment liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending May 31, 2010. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Respectfully submitted, Recommended by: Mic4haell S..ger, C" anager MSF:JRL:PS:gm Attachment Ju tt ncaster, Finance Director EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT NOVEMBER 2009 I. Funds Held by City and Fiscal Agents: Beginning A. Funds Held by City: Cash Balance Market Investments Cash Balance Cost Value San Bernardino County Pooled Funds of Investments (SBCPFI) $ 47,525,498.47 $ 47,877,514.93 Los Angeles County Pooled Funds of investments (LACPFI) 36,753,405.89 (3) (1) State of California Local Agency Investment Fund (LAIF) 39,588,757.81 (1) Total Investments Sewer Funds 123,867,662.17 (2) Cash 17,805,061.94 Parks & Landscape 8,147,303.20 Bank of America - Checking (752,650.41) 899,073.46 899,073.46 Bank of America - Payroll 38,444.32 10,000.00 10,000.00 Wells Fargo Bank - Credit Card 27,160,361.78 115,464.95 115,464.95 Total Cash in Bank Assessment Districts 1,024,538.41 1,024,538.41 Petty Cash 4,899,818.73 2,800.00 2,800.00 Total Cash (1,701,230.05) 1,027,338.41 1,027,338.41 Total Funds Held by City 5,452,712.87 124,895,000.58 (2) B. Funds Held by Fiscal Agents: U.S. Bank 14,559,762.03 14,559,762.03 Total Funds Held by Fiscal Agents 14,559,762.03 14,559,762.03 Total Funds Held by City and Fiscal Agents $ 139,454,762.61 $ (2) 11. Estimated Composite Investment Earnings Rate: 1,28%0 (Estimated Investment Earnings Rate for SBCPFI: 1.41%, LAIF : 0.90%; and LACPFI : 1.54%) Ill. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 11/01/09 Receipts Disbursements 11/30/09 General Fund $ 26,763,258.59 $ 1,106,511.65 (2,244,401.46) $ 25,625,368.78 Water Funds 29,323,328.57 2,112,932.19 (1,942,924.21) 29,493,336.55 Sewer Funds 17,719,536.40 456,808.15 (371,282.61) 17,805,061.94 Parks & Landscape 8,147,303.20 251,555.41 (752,650.41) 7,646,208.20 Development Funds 10,654,745.25 38,444.32 (23,565.90) 10,669,623.67 Comm. Facilities Dist. 27,160,361.78 12,580.69 (27,000.89) 27,145,941.58 Assessment Districts 4,903,361.86 1,676.28 (5,219.41) 4,899,818.73 Miscellaneous Funds 16,398,429.03 1,472,204.18 (1,701,230.05) 16,169,403.16 Total $ 141,070,324.68 $ 5,452,712.87 $ (7,068,274.94 $ 139,454,762.61 EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT NOVEMBER 2009 Page 2 of 2 IV. Funds Held by Deferred Compensation Providers - Market Month Ending November 2009 Value ING Life Insurance and Annuity Company N/A ICMA 4,598,229.95 Total Funds Held by Deferred Compensation Providers (4) Footnotes: (1) The market valuation is not available as of the date of this report. (2) Total market valuation cannot be determined since the market value for Los Angeles County Pooled Funds of Investments and State of California Local Agency Investment Fund are not available. (3) The Los Angeles County Pooled Funds of Investment statement is not available as of the date of this report. (4) The total market valuation cannot be determined as the market value for ING Life Insurance and Annuity Company is not available as of the date of this report. In accordance with the California Government Code, the Finance Director/City Treasurer certifies that the investments reported in the Treasurer's Report comply with the City's Investment Policy and that sufficient liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending May 31, 2010. Lan stir n ce irector/City Treasurer I 1 (Funds Held by City: IBeginninq Book Balance @ 11101/09 I Kash Receipts Cash Disbursements 1 Journal Entries For Month Endinq Book Balance @ 11730/09 Reconcilinq Transactions I (Ending Bank Balance Funds Held by City Funds Held by Fiscal Agent: `Beginninq Book Balance @ 1111109 (Cash Receipts Cash Disbursements (Journal Entries For Month I 1Endinq Book Balance @ 11/30/09 1 (Reconcilinq Transactions I I Ending Bank Balance Funds Held by FIA I I ISummary of Cash Balances: IBeginninq Cash Balance I Funds Held by City I Funds Held by Fiscal Agent (Total Beqinninq Cash Balance IEndinq Cash Balance Funds Held by City Funds Held by Fiscal Agent (Total Endinq Cash Balance General water FundFund Funds II 23,145,881.38 it 28,431,420.52 1,106,511.65 I 1,655,265.86 (2,153,168.68) (1,942,960.93) (92,999.30) (27,000.89) 22,006,225.05 ( 28, 143, 725.45 2,844.00 36.72 II 22,009.069.05 28.143,762.17 3,617,377.21 I 891,908.05 0.00 457,666.33 1 (1,077.48)11 0.00 0.00 11 3,616,299.73 1) 1,349,574.38 3,616,299.73 11 1,349,574.38 23,145,881.38 11 28,431,420.52 3.617,377.21 11 891.908.05 26,763.258.59 129,323,328.57 22,009,069.05 11 28,143,762.17 3.616.299.73 1,349,574.38 25.625.368.78 29,493,336.55 City of Chino Hills Treasurer's Report Workst Sewer Parks & Funds Landscape 17,719,536.40 8,147,303.20 456,808.15 251,555.41 (371,282.61)1 (752,650.41) 17,805,061.94 7,646,208.20 17,805,061.94 7,646,208.20 0.00 0.00 0.00 0.00 0.00 11 0.00 0.00 11 0.00 II II 0.00 0.00 eet Development , Comm. Facilities Funds I District 10,654,745.25 ! 19,775,489.32 38,444.32 12,580.69 (23,565.90) (27,000.89) 10,669,623.67 1 19,761,069.12 10 669,623.67 1 19.761.069.12 Assessment Districts 2,694,346.40 1,676.28 1 2,690,803.27 2.690.803.27 0.00 I 7,384.872.46 III 2,209,015.46 0.00 0.00 I 0.00 0.00 0.00 II 0.00 0.00 I 7,384,872.46 0.00 I 7.384,872.46 IJ 2,209,015.46 1 2,209,015.46 I Miscellaneous Funds 16,398,429.03 1,472,204.18 (1,699,255.05) 16,171,378.16 (1,975.00) 16,169,403.16 0.00 0.00 0.00 0.00 i 0.00 o.00 0.001 17,719,536.40 8,147,303.20 1 10,654,745.25 19,775,489.32 2,694,346.40 1J 16,398,429.03 0.00 0.001 0.00 7,384;872.46 2,209,015.46 0.00 17,719,536.40 8.147,303.201 10654.745.25 1 27,160,361.78 4.903,361.86 16,398,429.03 17,805,061.94 0.00 17.805,061.94 71646,208.20 0.00 7,646.208.20 10,669,623.67 I 19,761,069.1: 0.00 1 7,384,872.4E 10.669,623.67 II 27.145,941.5E 2,690,803.7 2,209:015.4( 4,899.818.7: 16,169,403.16 0.00 16,169,403.16 I Total I 126,967,151.50 4,995,046.54 (6,975,103.88) (92,999.30) 124,894,094.86 905.72 124.895,000.58 f 14,103,173.18 457,666.33 1 1 (1,077.48)1 0.00 I 14,559,762.03 l o.00 h 14,559,762.0 1 11 126,967,151.50 7 14,103.173.18 I 141.070,324.68 I I Ii 124,895,000.581 14,559,762.03 1 139.454.762.61 REPORT CODE NAME: F2360 + REPORT DISTRIBUTION SYSTEM * FINAL REPORTS FOR NOVEMBER, 2009 x x EXPENDITURE DETAIL TRANSACTIONS s r CITY OF CHINO HILLS (CI4002 ) PACKET PAGE NUMBER 1 *** PGM : FZ360 DETAIL EXPENDITURE TRANSACTION LISTING BY OBJECT CODE PAGE: 7011 TIME: 22:56:11 ACCOUNTING PERIOD 05 - 21/2009 DATE: 12/01/2009 FUND/DEPT/ORGlt SED OBJECT/ BUDGET/ TR DATE ORG ORO TRANSACTION ID DESCRIPTION/VENDOR EXPENDITURES ENCUMBRANCES PRE -ENCUMBRANCES REMAINING BUDGET ---------- ______ ______ ---------------- ------------------ ----------------- ----------------- s+* I10 ACTIVITY FOR THIS PERIOD *** BED BEGINNING SAL - CASH IN COUNTY TREASURY 47 525 498.47 SED ENDING BAL - CASH IN COUNTY TREASURY 47�525�498.47 CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 2 ++* FM" Accrued Interest 17,111,130.19 17,111,130.19 Total Portfolio 4,666,336,271.90 4,698,449,199.67 4,733,123,387.42 t. Yield for the money market funds is a weighted average of the month-end yields for the Federated, Goldman, and F1delitymoneymarket funds. 2. Statistics for the total portfoac inchak, money market funds. 3. Market pnces am denvedfrom closing bid prices as of thelastbusfness day of the month as supplied by F.T.interactive Data, Bloomberg, or Telerate. Paces; that fall between data points arc interpolated. 11 Par Amortized Market Market % of Yield to Maturity Weighted Modified Security Type Value Cost Value Portfolio At Cost Avg. Maturity Duration Bankers Acceptances 0.00 0.00 0.00 0.0% Certificates of Deposit 360,000,000.00 360,000,375.00 359,995,384.50 8.8% 0.18% 17 0.05 Collateralized CD 0.00 0.00 0.00 0.0% Commercial Paper 425,000,000.00 424,940,425.20 424,942,103.90 10.3% 0.18% 26 0.07 Corporate Notes 0.00 0.00 0.00 0.0% Federal Agencies 2,726,182,000.00 2,738,522,769.67 2,768,282,394.65 67.4% 2.04% 428 0.64 Money Market Funds 119,000,000.00 119,000,000.00 119,000,000.00 2.9% 0.08% 1 0.003 Municipal Debt 0.00 0.00 0.00 0.0% Repurchase Agreements 0.00 0.00 0.00 0.0% TLGP Corp. Debt 122,100,000.00 122,223,810.01 122,877,173.80 3.0% 1.05% 378 1.03 U.S. Treasuries 305,000,000.00 307,596,417.70 311,860,928.48 7.6% 0.97% 704 1.91 Total Securities 4,057,282,000.00 4,072,283,797.58 4,106,957,985.33 100.0% 1.51% 357 0.66 Cash Balance 409,054,271.90 409,054,271.90 409,054,271.90 TAGP/FDIC NOW Balance 200,000,000.00 200,000,000.00 200,000,000.00 Total Investments 4,666,336,271.90 4,681,338,069.48 4,716,012,257.23 Accrued Interest 17,111,130.19 17,111,130.19 Total Portfolio 4,666,336,271.90 4,698,449,199.67 4,733,123,387.42 t. Yield for the money market funds is a weighted average of the month-end yields for the Federated, Goldman, and F1delitymoneymarket funds. 2. Statistics for the total portfoac inchak, money market funds. 3. Market pnces am denvedfrom closing bid prices as of thelastbusfness day of the month as supplied by F.T.interactive Data, Bloomberg, or Telerate. Paces; that fall between data points arc interpolated. 11 =PFM Opening Market Value Maturities/Calls Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value Closing Market Value Managed Account Summary Statement $4,192,491,274.13 (1,825,050,000.00) (313,000,000.00) 1,976,589,809.10 74,987,500.00 939,402.10 $4,106,957,985.33 For the Month Ending November 30, 2009 �4 �i�>h-u4r-,w ul'i t� uunri. Baur-ur... m. iww.. wr.LI�Y11WIrWL Maturities/Calls 1,825,277,697.22 Sale Proceeds 313,000,000.00 Coupon/Interest Income 5,106,163.11 Principal Payments 0.00 Security Purchases (2,026,885,409.32) Net Cash Contribution (116,498,451.01) Reconciling Transactions 0.00 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Coupons Received 5,333,860.33 Closing Cash Balance $0.00 Less Purchased Interest Related to Interest/Coupons (345,600.22) Plus Net Realized Gains/Losses (224,879.89) Total Cash Basis Earnings $4,763,380.22 Earnings Reconciliation (Accrual Basis) Total Ending Amortized Value of Securities 4,072,283,797.58 Ending Accrued Interest 17,111,130.19 Plus Proceeds from Sales 313,000,000.00 Plus Proceeds of Maturities/Calls/Principal Payments 1,825,277,697.22 Plus Coupons Received 5,106,163.11 Less Cost of New Purchases (2,051,922,909.32) Less Beginning Amortized Value of Securities (4,159,769,381.69) Less Beginning Accrued Interest (16,338,836.89) Total Accrual Basis Earnings $4,747,660.20 --ik:- Account 76990800 Page 1 �PF4I' PFM Asset Management LLC Portfolio Summary and Statistics For the Month Ending November 30, 2009 NO COUNTY, = 76990800 Description U.S. Treasury Bond / Note U.S. Government Supported Corporate Debt Money Market Fund Federal Agency Discount Note Federal Agency Bond / Note Commercial Paper Certificate of Deposit Managed Account Sub -Total Accrued Interest Total Portfolio Unsettled Trades Par Value Market Value Percent 305,000,000.00 311,860,928.48 7.59 122,100,000.00 122,877,173.80 2.99 119,000,000.00 119,000,000.00 2.90 275,000,000.00 274,972,268.75 6.70 2,451,182,000.00 2,493,310,125.90 60.70 425,000,000.00 424,942,103.90 10.35 360,000,000.00 359,995,384.50 8.77 4,057,282,000.00 4,106,957,985.33 100.00% 17,111,130.19 4,057,282,000.00 4,124,069,115.52 75,000,000.00 75,013,421.00 rMaturity : Distribution PFM Asset Management LLC o.00%40� 0.00% 3-4Years 4-5Years Over Years Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity Fed Agy Bond / Note 60.70% 1.51% 0.65% 0.66 357 Account 76990800 Page 2 Cert of Deposit US TSY Bond I Note 8.77% 7.59% Commercial Paper US Govt Supported 10.350/. Corp Debt Mny Mkt Fund Fed Agy DN ,• Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity Fed Agy Bond / Note 60.70% 1.51% 0.65% 0.66 357 Account 76990800 Page 2 M` Managed Account Issuer Summary SAN BERNARDINO-COUNTY 76990800 Issuer BNP PARIBAS CITIGROUP INC COMMONWEALTH BANK OF AUSTRALIA CREDIT AGRICOLE SA FANNIE MAE FEDERAL FARM CREDIT BANKS FEDERAL HOME LOAN BANKS FEDERATED INVESTORS INC FIDELITY INSTITUTIONAL FUND FREDDIE MAC GENERAL ELECTRIC CO GOLDMAN SACHS GROUP INC NORDEA BANK AB RABOBANK NEDERLAND SVENSKA HANDELSBANKEN TORONTO -DOMINION BANK UNITED STATES TREASURY US BANCORP Total Market Value of Holdings Percent 99,982,260.00 2.43 25,027,250.00 0.61 99,991,750.00 2.43 199,999,598.00 4.87 818,157,415.89 19.93 411, 625,125.63 10.02 951,785,728.13 23.18 114,000,000.00 2.78 5,000,000.00 0.12 586,714,125.00 14.29 147,104,702.70 3.58 50,731,700.00 1.24 35,000,028.00 0.85 25,000,062.50 0.61 99,981,260.50 2.43 99,996,125.50 2.43 311,860,928.48 7.59 24,999,925.00 0.61 $4,106,957,985.33 100.00010 For the Month Ending November 30, 2009 p/a Aigp�TNV Account 76990800 Page 3 PFM Asset Management LLC Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN BERNARDINO COUNTY - 76990800 _ Security Type/ Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value L�.S. Treasury Bond /Note US TREASURY NOTES 9128283F8 25,000,000.00 TSY TSY 07/01/09 07/02/09 25,592,773.43 0.55 229,789.40 25,365,743.00 25,424,800.00 DTD 07/31/2008 2.750% 07/31/2010 US TREASURY NOTES 912828710 25,000,000.00 TSY TSY 07/20/09 07/21/09 25,503,906.25 0,55 150,897.79 25,338,476.50 25,402,350.00 DTD 08/31/2008 2.375% 0 813 1/20 10 US TREASURY NOTES 9128283P6 25,000,000.00 TSY TSY 07/28/09 07/29/09 25,258,789.05 0.67 32,113.26 25,188,730.25 25,282,226.58 DTD 10/31/2008 1.500% 10/31/2010 US TREASURY NOTES 9128283S0 25,000,000.00 TSY TSY 08/03/09 08/04/09 25,159,179.68 0.76 858.52 25,120,240.50 25,238,275.00 DTD 11/30/2008 1.250% 11/30/2010 US TREASURY NOTES 9128283V3 25,000,000.00 TSY TSY 11/04/09 11/05/09 25,112,304.69 BAB 91,542,12 25,105,446.00 25,155,273.45 DTD 12/31/2008 0.875% 12/31/2010 US TREASURY NOTES 9128283V3 25,000,000.00 TSY TSY 11/16/09 11/17/09 25,127,929.69 0.42 91,542.12 25,123,597.50 25,155,273.45 DTD 12/31/2008 0.875% 12/31/2010 US TREASURY NOTES 912828FN5 25,000,000.00 TSY TSY 07/23/09 07/24/09 26,906,250.00 1,05 407,353.94 26,575,153.75 26,830,075.00 DTD 07/31/2006 4.875% 07/31/2011 US TREASURY NOTES 912828LG3 25,000,000.00 TSY TSY 07/30/09 07/31/09 24,900,390.63 1.20 83,559.78 24,916,888.00 25,207,025.00 DTD 07/31/2009 1.000% 07/31/2011 US TREASURY NOTES 912828KP4 10,000,000.00 TSY TSY 06/04/09 06/05/09 9,962,500.00 1.51 6,077.35 9,968,617.20 10,122,660.00 DTD 05/15/2009 1.375% 05/15/2012 US TREASURY NOTES 912828KP4 10,000,000.00 TSY TSY 06/05/09 06/08/09 9,889,843.75 1.76 6,077,35 9,907,472.50 10,122,660.00 DTD 05/15/2009 1.375% 05/15/2012 US TREASURY NOTES 912828KP4 10,000,000.00 TSY TSY 06/05/09 06/08/09 9,897,656.25 1,73 6,077.35 9,914,041.80 10,122,660.00 DTD 05/15/2009 1.375% 05/15/2012 US TREASURY NOTES 912828KP4 10,000,000.00 TSY TSY 06/08/09 06/09/09 9,838,281.25 1.95 6,077.35 9,863,972.80 10,122,660.00 DTD 05/15/2009 1.375% 05/15/2012 US TREASURY NOTES 912828KP4 10,000,000.00 TSY TSY 06/09/09 06/10/09 9,852,343.75 1.90 6,077.35 9,875,706.40 10,122,660.00 DTD 05/15/2009 1.375% 05/15/2012 US TSY INFL M BONDS 912828KMI 10,000,000.00 TSY TSY 06/18/09 06/19/09 10,066,686.40 1.25 16,140.11 10,060,330.90 10,464,060.00 DTD 04/15/2009 1.250% 04/15/2014 Account 76990800 Page 4 PPVI, PFM Asset Management LLC .® 912828KM1 10,000,000,00 TSY TSY 06/22/09 06/23/09 10,036,164.40 1.32 �! Managed Account Detail of Securities Heid For the Month Ending November 30, 2009 SAN -BERNARDINO COUNTY -76990800- 0.22 18,830.36 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value 'Bondm� Treasury US TSY INFL IX BONDS 91282SKMI 10,000,000.00 75Y TSY 06/19/09 06/22/09 10,063,680.44 1.26 16,140.11 10,057,707.30 10,464,060.00 DTD 04/15/2009 1.250% 04/15/2014 US TSY INFL IK BONDS 912828KM1 10,000,000,00 TSY TSY 06/22/09 06/23/09 10,036,164.40 1.32 16,140.11 10,032,811.80 10,464,060.00 DTD 04/15/2009 1.250% 04/15/2014 22,144,398.90 0.22 18,830.36 22,143,740.76 US TSY INFL IX BONDS 91282SKMI 25,000,000.00 TSY TSY 07/30/09 07/31/09 25,196,112.66 1.08 40,350.27 25,181,481.50 26,160,150.00 DTD 04/15/2009 1.250% 04/15/2014 Security Type Sub -Total 305,000,000.00 308,364,792,32 0.97 1,206,814.28 307,596,417.70 311,860,928,48 I letit US BANK NA MN TLGP COMM PAPER 91160MZ17 25,000,000.00 A-1+ P-1 04123/09 04/23/09 24,901,333.33 0.64 0.00 25,000,000.00 24,999,925.00 -- 0.000% 12/01/2009 CITIGROUP FUNDING INC (FDIC) FLOAT 17314AAA0 25,000,000.00 AAA Aaa 01/30/09 02/04/09 25,016,950.00 1.23 8,458.45 25,000,000.00 25,027,250.00 MTN DTD 01/30/2009 0.381% 07/30/2010 GENERAL ELEC CAP CORP (FDIC) GLOBAL 36967HAM9 22,100.000.00 AAA Aaa 11/20/09 11/23/09 22,144,398.90 0.22 18,830.36 22,143,740.76 22,118,298.80 FRN DTD 03/12/2009 0.379% 03/11/2011 GOLDMAN SACHS GROUP INC (FDIC) GL 38146FAFB 25,000,000.00 AAA Aaa 01/23/09 01/28/09 24,931,500.00 1.74 153,47222 24,954,586.00 25,365,850.00 NOTE DTD 01/21/2009 1,625% 07/15/2011 GOLDMAN SACHS GROUP INC (FDIC) GL 38146FAFB 25,000,000.00 AAA Aaa 07/29/09 08/03/09 25,150,500.00 1.31 153,472.22 25,125,483.25 25,365,850.00 NOTE DTD 01/21/2009 1.625% 07/15/2011 Security Type Sub -Total 122,100,000.00 122,144,682.23 1.05 334,233.25 122,223,810.01 122,877,173.80 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 1,000,000.00 AAAm Aaa 08/27/08 08/27/08 1,000,000.00 0.08 0.00 1,000,000.00 1,000,000,00 FIDELITY GOVT MM FUND 57 316175108 5,000,000.00 AAAm Aaa 10/28/09 10/28/09 5,000,000.00 0.08 0.00 5,000,000.00 5,000,000.00 FEDERATED GOVT OBLIGATIONS FUND 6093414104 113,000,000.00 AAAm Aaa 11/30/09 11/30/09 113,000,000.00 0.06 0.00 113,000,000.00 113,000,000.00 Account 76990800 Page 5 PPM Asset Management LLC Aar - PFM' - Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SANz BERNARDINO COUNTY - 76990800 Security Type/ Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Security Type Sub -Total 119,000,000.00 119,000,000.00 0.08 0.00 119,000,000.00 119,000,000.00 �FederiOgenci Discount Note FHLB DISC NOTE 3133850U3 25,000,000.00 A-1+ P-1 12/30/08 12/30/08 24,809,638,89 0.78 0.00 24,989,305.50 24,998,744.25 - 0.000% 12/21/2009 FHLB DISC NOTE 313385RK4 50,000,000.00 A-1+ P-1 01/07/09 01/07/09 49.596,666.67 0.81 0.00 49.961,111.00 49,995,899.00 -- 0.00001.01/05/2010 FHLB DISC NOTE 313385RL2 50,000,000.00 A-1+ P-1 01/06/09 01/06/09 49,569,097.22 0.86 0.00 49,957,500.00 49,995,768.00 -- 0.000% 01/06/2010 FHLB DISC NOTE 313385RN8 25,000,000.00 A-1+ P-1 01/08/09 01/08/09 24,797,222.22 0.81 0.00 24,978,889.00 24,997,751,50 - 0X00% 01/08/2010 FHLB DISC NOTE 313385RVO 50,000,000.00 A-1+ P-1 01/23/09 01/23/09 49,563,666.67 0.89 0.00 49,945.000.00 49,994,546.50 - 0.000% 01/15/2010 FHLB DISC NOTE 313385SB3 25.000,000.00 A-1+ P-1 0121/09 01/21/09 24,784,548.61 0.86 0.00 24.969,895.75 24,996,845.25 - 0.000^/0 01/21/2010 FHLB DISC NOTE 313385SC1 25,000,000.00 A-1+ P-1 01/22/09 01/22/09 24,784,548.61 0.86 0.00 24,969.305.50 24,996,772.25 - 0.000% 01/22/2010 FHLB DISC NOTE 313385SP2 25,000,000.00 A-1+ P-1 01/29/09 02/02/09 24,766.805.56 0.93 0.00 24,959,750.00 24,995,942.00 -- 0.000% 02/02/2010 Security Type Sub -Total 275,000,000.00 272,672,194.45 0,85 0.00 274,730,756,75 274,972,268.75 Federal Agency Bond /Not e FNMA GLOBAL BENCHMARK NOTES 31359M2S1 15,000,000.00 AAA Aaa 06/07/07 06/11/07 14,783,100.00 5.25 319,895.83 14,996,465.25 15,023,437.50 DTD 12/19/2006 4.625% 12/15/2009 FHLB FLOATING GLOBAL BONDS 3133XRRZ5 25,000,000.00 AAA Aaa 08/27/08 08/28/08 24,942,750.00 2.82 3,655.56 24,961,484.25 24,998,975.00 DTD 07/01/2008 0.094% 01/06/2010 FHLB FLOATING GLOBAL BONDS 3133XNX95 10,000,000.00 AAA Aaa 01/15/08 01/16/08 10,009,280.00 4.41 1,825.56 10,000,487.70 91999,850.00 DTD 01/08/2008 0.124% 01/08/2010 FNMA FLOATING GLOBAL NOTES 31398ATK8 15,000,000.00 AAA Aaa 08/19/08 08/20/08 14,995,642.50 2.77 1,721.88 14,995.642.50 15,007,350.00 DTD 08/12/2008 0.218% 02/12/2010 T1. Account 76990800 Page 6 PF PFM Asset Management LLC p EXT, Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN BERNARDINO COUNTY 76990800- Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FNMA FLOATING GLOBAL NOTES 3139BATKS 25,000,000.00 AAA Aaa 09/02/08 09/03/08 24,965,750,00 2.79 2,869.79 24,985,750.00 25,012,250.00 DTD 08/12/2008 0.218% 02/12/2010 FNMA GLOBAL NOTES (EX -CALLABLE) 31359MXVO 10,000,000.00 AAA Aaa 04/01/08 04/02/06 10,357,800.00 2.49 101,444.44 10,050,776.60 10,106,250.00 DTD 03/08/2005 4,4000/. 03/08/2010 FNMA GLOBAL BENCHMARK NOTES 31398APVB 25,000,000.00 AAA Aaa 03/10109 03/11/09 25,341,500.00 1.22 18,142.36 25,135,178.75 25,250,000.00 DTD 04/11/2008 2375% 05/20/2010 FHLMC GLOBAL REFERENCE NOTES 3137EABH1 10,000,000.00 AAA Aaa 06/10/08 06/11/08 9,780,700.00 3,54 1,979.17 9,943,697,20 10,103,125.00 DTD 03/1412008 2.375% 05/28/2010 FNMA GLOBAL NOTES(E(-CALLABLE) 31359MC50 2,110,000,00 AAA Aaa 04/01/08 04/02/08 2,203,705,10 2.50 48,793.75 2,132,221.25 2,156,156.25 DTD 06/01/2005 4.625% 06/01/2010 FNMA GLOBAL NOTES (EX -CALLABLE) 31359MC50 3,255,000.00 AAA Aaa 04/01/08 04/02/08 3,399,554.55 2.50 75,271.88 3,289,279.71 3,326,203.13 DTD 06/01/2005 4,6250/. 06/01/2010 FHLB TAP BONDS 3133XBTHB 15,000,000.00 AAA Aaa 06/05/08 06/06/08 15,303,300.00 3.21 301,041,67 15,081,359.55 15,314,062,50 DTD 05/06/2005 4.2500/a 06/11/2010 FHLB TAP BONDS 3133XR2Y5 25,000,000.00 AAA Aaa 01/27/09 01/28/09 25,597,500.00 1.23 354,166.67 25,231,517.75 25,359,375,00 DTD 04/29/2008 3.000% 06/11/2010 FHLB TAP BONDS 3133XR2Y5 50,000,000.00 AAA Aaa 12/03/08 12/04/08 50,447,742.00 2.40 708,333.33 50,157,375.50 50,718,750.00 DTD 04/29/2008 3.000% 06/11/2010 FNMA NOTES (EX -CALLABLE) 3136F67J2 10,015,000.00 AAA Aaa 04/02/08 04/03/08 10,433,627.00 2.66 212,297.14 10,120,252.94 10,243,467.19 DTD 06/16/2005 4.625% 06/1612010 FHLMC GLOBAL REFERENCE NOTES 3137EABL2 25,000,000.00 AAA Aaa 11/25/08 11/26/08 25,091,000.00 2.64 305,468.75 25,033,472.50 25,370,700.00 DTD 05/23/2008 2.675% 0612812010 FHLB GLOBAL BONDS 3133XTHRO 25,000,000.00 AAA Aaa 05/07/09 05/08/09 25,079,500.00 0.79 30,180.56 25,041,639,75 25,109,375.00 DTD 04/20/2009 1.060% 07/13/2010 FNMA FLOATING GLOBAL NOTES 3139SAUWO 25,500,000.00 AAA Aaa 03/11/09 03/12/09 25,486,485.00 1.30 6,052.44 25,486,485.00 25,504,794.00 DTD 01/12/2009 0.174% 07/13/2010 FHLB GLOBAL BONDS 3133XRN22 50,000,000,00 AAA Aaa 1126/08 11/28/08 50,650,500.00 2.68 656,250.00 50,252,454.00 51,000,000.00 DTD 06/19/2008 3.500% 07/16/2010 .—,&=Account 76990800 Page 7 �f' ' PFM Asset Management LLC M" Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN BERNAR61NO COUNTY 76990800: _ Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity Federd Agency Blond I Note CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FNMA NOTES (EX -CALLABLE) 3136F7GP6 7,575,000.00 AAA Aaa 05/12/08 05/13/08 7,857,093.00 3.00 118,938.02 71662,054.02 7,790,414.06 DTD 08/02/2005 4.750% 08/02/2010 FHLMC GLOBAL NOTES (EX -CALLABLE) 3128X4GL9 15,000,000.00 AAA Aaa 04/15/08 04/16/08 15,713,850.00 2,64 233,512.50 15,213,920.70 15,447,405.00 DTD 08/0412005 4,7900% 08/04/2010 FHLB BONDS 3133XOKH1 11,000,000.00 AAA Aaa 04/24/08 04/25/08 11,329,780.00 3.17 159,881,94 11,100,918.62 11,302,500.00 DTD 08/06/2003 4.5500% 08/06/2010 FHLB TAP BONDS 3133MBZEO 13,980,000.00 AAA Aaa 04/23/08 04/24/08 15,183,118.80 2.98 282,997.92 14,354,230.62 14,613,468.75 DTD 08/16/2000 6.875% 08/13/2010 FHLB TAP BONDS 3133XO607 17,000,000.00 AAA Aaa 05/12/08 05/13/08 17,417,860.00 2.99 206,479,17 17,133,044.21 17,446,250.00 DTD 07/24/2003 4.125% 08/13/2010 FHLB TAP BONDS 3133MRCM2 25,000,000.00 AAA Aaa 06/23/08 06/24/08 25,529,250.00 3.71 349,652,78 25,178,136.00 25,765,625.00 DTD 08/22/2002 4.750% 0811312010 FHLMC GLOBAL NOTES 3128XSQT2 10,000,000.00 AAA Aaa 05/26/09 05/27/09 10,079,800.00 0.82 32,625.00 10,048,194.20 10,080,640.00 DTD 03/10/2009 1.450% 09/10/2010 FHLMC GLOBAL NOTES 3128X80T2 10,000,000.00 AAA Aaa 05/26/09 05/27/09 10,080,010.00 0.82 32,625.00 10,048,320.70 10,080,640.00 DTD 03/10/2009 1.450% 09/10/2010 FHLB TAP BONDS 3133XRT83 25,000,000.00 AAA Aaa 09/03/08 09/04/08 25,045,500.00 3,28 189,843.75 25,017,801.00 25,578125.00 DTD 07/09/2008 3.375% 09/10/2010 FFCB BONDS 31331XE40 25,000,000.00 AAA Aaa 02/24/09 02125/09 26,533,250.00 1.24 284,375.00 25,778,263.50 25,921,875.00 DTD 06/13/2007 5,250% 09/13/2010 FNMA GLOBAL BENCHMARK NOTES 31398AGUO 25,000,000.00 AAA Aaa 02/26/09 02/27/09 26,153,000.00 1.35 236,979.17 25,587,551.00 25,781,250.00 DTD 09/13/2007 4.375% 09/13/2010 FHLMC GLOBAL REFERENCE NOTES 3134A35H5 25,000.000.00 AAA Aaa 11/21/08 11/24/08 26,698,500.00 2.98 362,847,22 25,751,987,25 26,281,250,00 DTD 09/22/2000 6.875% 09/15/2010 FNMA NOTES 3136FHFEO 25,000,000.00 AAA Aaa 04/03/09 04/06/09 25,064,250.00 1.32 78,125.00 25,035,380.75 25,140,625.00 DTD 03/16/2009 1.500% 0911612010 FHLB BONDS 3133XTCW4 25,000,000.00 AAA Aaa 04/23/09 04/23/09 25,120,000.00 1.11 61,423.61 25,069,637.00 25,062,500.00 DTD 04/01/2009 1.450% 09/30/2010 .- Account 76990800 Page 8 =PI.1F' PFM Asset Management LLC �M.. Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN- BERNARDINO COUNTY-- 76990800 `- Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value ioep,. i np fir FFCB BONDS 31331X6M9 25,000,000.00 AAA An 03/26/08 03/27/08 26,177,250,00 2.56 178,125.00 25,401,417.00 25,859,375.00 DTD 10/04/2007 4.500% 10/04/2010 FHLB GLOBAL BONDS 3133XTHN9 25,000,000.00 AAA Aaa 04/30/09 05/01/09 25,071,500.00 1.05 40,798.61 25,042,930.00 25,187,500.00 DTD 04/14/2009 1.250% 10/14/2010 FNMA GLOBAL BENCHMARK NOTES 31359MG36 25,000,000.00 AAA An 04/08/08 04/09/08 27,478,000.00 2.65 73,611.11 25,930,582.50 26,476,562.50 DTD 11/03/2000 6.625% 11/15/2010 FFCB BONDS 31331H4M6 9,315,000.00 AAA An 04/08/08 04/09/08 10,248,340.46 2.71 15,602.63 9,670,203.59 9,885,543.75 DTD 11/22/2000 6.700% 11/22/2010 FHLMC GLOBAL REFERENCE NOTES 3137EABVO 25,000,000.00 AAA An 10/27/08 10/28/08 24,897,000.00 3.08 15,972.22 24,950,408.75 25,596,950.00 DTD 10/10/2008 2.875% 11/23/2010 FHLB TAP BONDS 3133XRFK1 5,200,000.00 AAA Aaa 01/09/09 01/12/09 5,392,868.00 1.52 86,450.00 5,304,155.53 5,360,875.00 DTD 06/02/2008 3.500% 12/10/2010 FHLB TAP BONDS 3133XR4S6 11,385,000.00 AAA An 01/09/09 01/12/09 11,713,514.18 1.46 162,236.25 11,562,366.12 11,683,856.25 DTD 05/05/2008 3.000% 12/10/2010 FHLB BONDS (EX -CALLABLE) 31339XU31 8,485,000.00 AAA An 05/19/08 05/20/08 8,465,569.35 3.24 109,880.75 8,476,811.21 8,734,246.88 DTD 07/03/2003 3.150% 01/03/2011 FFCB BONDS 31331GJY6 25,000,000.00 AAA Aaa 01/08/09 01/12/09 25,049,500.00 1.50 154,444.44 25,027,743.00 25,312,500.00 DTD 01/12/2009 1.600% 01/12/2011 FFCB BONDS 31331G)Y6 25,000,000.00 AAA An 01/09/09 01/12/09 25,085,000.00 1,43 154,444.44 25,047,625.00 25,312,500.00 DTD 01/12/2009 1.600% 01/12/2011 FFCB BONDS 31331YN35 10,000,000.00 AAA Aaa 05/19/08 05/20/08 10,085,800.00 3.16 129,305.56 10,037,433.80 10,340,625.00 DTD 01/18/2008 3.500% 01/18/2011 FHLMC GLOBAL REFERENCE NOTES 3134A4V30 10,000,000.00 AAA Aaa 05/19/08 05/20/08 10,394,300.00 3.19 175,486.11 10,17L647.50 10,484,375.00 DTD 12/16/2005 4.750% 01/1812011 FHLMC GLOBAL REFERENCE NOTES 3134A4VJ0 20,000,000.00 AAA An 05/22/08 05/23/08 20,731,000.00 3.30 350,972.22 20,319,450.00 20,968,750.00 DTD 12/16/20054.750%01/18/2011 FHLMC MTN (CALLABLE) 3128XSFP2 40,000,000.00 AAA Aaa 01/20/09 01/26/09 39.912,000.00 1.61 208,333.33 39,948,951.60 40,070,800.00 DTD 01/26/2009 1.500% 01/26/2011 Account 76990800 Page 9 PFM Asset Management LLC PF ' Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN BERNARDINO`:COUNTY-16990800 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FHLB GLOBAL NOTES 3133XUHG1 25,000.000.00 AAA Aaa 11/19/09 11/20/09 25,147,750.00 0.46 77,847.22 25,144,009.25 25,140.625.00 DTD 08/03/2009 0.950% 02/03/2011 FNMA NOTES (CALLABLE) 3136FHAA3 25,000,000.00 AAA Aaa 02/05/09 02/11/09 25,000,000.00 2.00 152,777.78 25,000,000.00 25,085,937.50 DTD 02/11/2009 2.000% 02/11/2011 FNMA NOTES (CALLABLE) 3136FHAA3 50,000,000.00 AAA Aaa 02/05/09 02/11/09 50,000,000.00 2.00 305,555.56 50,000,000.00 50,171,875.00 DTD 02/11/2009 2.000%02/11/2011 FHLB NOTES 3133XVU82 25,000,000.00 AAA Aaa 11/20/09 11/23/09 24,975,000.00 0.46 3,125.00 24,975,447,50 24,968,750,00 DTD 11/19/2009 0.375% 02/18/2011 FHLMC GLOBAL NOTES (CALLABLE) 312SX8LN0 25,000,000.00 AAA Aaa 02/26/09 02/27/09 24,980,000.00 2.04 133,333.33 24,987,551.75 25,078,800.00 DTD 02/25/2009 2.000% 02/25/2011 FNMA NOTES (CALLABLE) 31398AVL3 50,000,000.00 AAA Aaa 02/12/09 03/02/09 49,997,500.00 2.00 247,222.22 49,998,423.00 50,218,750.00 DTD 03/02/2009 2.000% 03/02/2011 FNMA NOTES (CALLABLE) 31398AVL3 50,000,000.00 AAA Aaa 02/12/09 03/02/09 49,997,500.00 2.00 247,222.22 49,998,423.00 50,218,750.00 DTD 03/02/2009 2.000% 03/02/2011 FNMA NOTES (CALLABLE) 31398AVL3 50,000,000.00 AAA Aaa 02/17/09 03/02/09 49,986,500.00 2.01 247,222,22 49,991,485.00 50,218,750.00 DTD 03/02/2009 2.000% 03/02/2011 FFCB BONDS 31331YWG1 50,000,000.00 AAA Aaa 12/23/08 12/24/08 51,429,000.00 1.67 366,666.67 50,825,080.00 51,546,875.00 DTD 03/03/2008 3.000% 03/03/2011 FHLMC FLOATING MTN 312SX8RC8 10,000,000.00 AAA Aaa 04/07/09 04108/09 10,011,900.00 1.29 8,732.29 10,000,000.00 10,018,370.00 DTD 03/09/2009 0.379% 03/09/2011 FHLMC FLOATING MTN 3128X8RC8 10,000,000.00 AAA Aaa 04/07/09 04/08/09 10,011,940.00 1.29 8,732.29 10,000.000.00 10,018.370.00 DTD 03/09/2009 0.379% 03/09/2011 FHLMC FLOATING MTN 3128XSRCS 10,000,000.00 AAA Aaa 04/07/09 04/08/09 10,011,943.13 1.29 8,732.29 10,000,000.00 10,018.370.00 DTD 03/09/2009 0.379% 03/09/2011 FHLMC FLOATING MTN 3128X8RC8 25,000,000.00 AAA Aaa 0324/09 03/25/09 25,004,500.00 1.34 21,830.73 25,000,000.00 25,045,925.00 DTD 03/09/2009 0379% 03/09/2011 FHLMC FLOATING MTN 3128X8RC8 25,000.000.00 AAA Aaa 03/26/09 03127/09 25,005.000.00 1.34 21,830.73 25,000,000.00 25,045,925.00 DTD 03/09/2009 0.379% 03/09/2011 Account 76990800 Page 10 PPS' PFM Asset Management LLC AMIr— Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN BERNARDINO.COUNTY. =76990800 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity Federal Agency Bond f Note CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FHLMC GLOBAL NOTES (CALLABLE) 3128X8NB4 50,000,000.00 AAA Aaa 02/27/09 03/09/09 49,975,000.00 2.08 233,472.22 49,983,986.00 50,200,500.00 DTD 03/09/2009 2.050% 03/09/2011 FHLB TAP BONDS 3133XPWWO 25,000,000.00 AAA Aaa 11/14/08 11/17/08 25,072,500.00 3.12 180,555.56 25,041,008.25 25,882,812.50 DTD 02/22/2008 3.250% 03/11/2011 FNMA GLOBAL BENCHMARK NOTES 31359MHK2 25,000,000.00 AAA Aaa 11/12/08 11/13/08 26,510,650.00 2,81 290,277.78 25,844,692.75 26,609,375.00 DTD 03/26120015.500% 03/15/2011 FHLMC GLOBAL NOTES (CALLABLE) 3128XSOH8 50,000,000.00 AAA Aaa 03/06/09 03/16/09 49,962,500.00 2.04 208,333,33 49,975,619.00 50,186,150.00 DTD 03/16/2009 2,000% 03/16/2011 FFCB BONDS 31331TZN4 12,150,000.00 AAA Aaa 03111/08 03/28/08 12,428,235.00 2.95 68,343.75 12,277,188.75 12,670,171.88 DTD 04/07/2004 1750% 04/07/2011 FNMA NOTES (CALLABLE) 31398AWL2 11,950,000.00 AAA Aaa 04/20/09 04/21/09 11,947,012.50 1.76 26,721.53 11,947,932.89 11,9981546.88 DTD 04/15/2009 1.750% 04/15/2011 FNMA NOTES (CALLABLE) 31398AWL2 15,000,000.00 AAA Aaa 04/09/09 04/15/09 14,994,450.00 1.77 33,541.67 14,996,172.30 15,060,937.50 DTD 04/15/2009 1.750% 04/15/2011 FNMA NOTES (CALLABLE) 31398AWL2 15,000,000.00 AAA Aaa 04/09/09 04/15109 14,994,750.00 1.77 33,541.67 14,996,379.15 15,060.937.50 DTD 04/15/2009 1.750-/.04/1512011 FHLMC GLOBAL REFERENCE NOTES 3137EAA85 12,000,000.00 AAA Aaa 03/12/08 03/13/08 12,773,400.00 2.93 73,458.33 12,353,354.52 12,765,000.00 DTD 03/09/2006 5.125% 04/18/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAABS 25,000,000.00 AAA Aaa 03/11/08 03/12/08 26,612,500.00 2.93 153,038.19 25,736,103.25 26,593,750.00 DTD 03/09/2006 5,125% 04/18/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAABS 25,000,000.00 AAA Aaa 10/22/08 10/23/08 26.030,000.00 3.38 153,038.19 25,582.321.50 26,593,750.00 DTD 03/09/2006 5.125% 04/18/2011 FHLMC MTN (CALLABLE) 3128X8WC2 20,000,000.00 AAA Aaa 05/19/09 05/20/09 20,149,000,00 1.35 39,861.11 20,062,906.00 20,096,380.00 DTD 04/20/2009 1.750% 04/20/2011 FHLMC MTN (CALLABLE) 3128XSWC2 25,000,000.00 AAA Aaa 04/09/09 04/20109 24,975,000.00 1.80 49,826.39 24,982,583.50 25,120,475.00 DTD 04/20/2009 1.7500% 04/20/2011 FFCB BONDS 31331YG46 25,000,000.00 AAA Aaa 11/06/08 11/07/08 24,738,000.00 3.07 72,916.67 24,849.591.75 25,710,937.50 DTD 04/21/2008 2.625% 04/21/2011 �1, Account 76990800 Page 11 PtM ASSet Management LLC Managed Account Detail of Securities Held For the Month Ending November 30 2009 SAN -BERNARDINO COUNTY - 76990800 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity Federal Agency Bond I Note CUSIP Par Rating Rating Date Date Cost at Cost Interest cost Value FFCB BONDS 31331YG46 50,000,000.00 AAA Aaa 10/21/08 10/22/08 48,936,500.00 3.52 145,833.33 49,397,423.50 51,421,875.00 DTD 04/21/2008 2.625% 04/21/2011 FHLB STEP CPN BONDS (CALLABLE) 3133XTJXS 25,000,000.00 AAA Aaa 05/11/09 05/12/09 24,987,500.00 1.03 22,916.67 244991,015.75 25,078,125.00 DTD 04/28/2009 1.000% 04/28/2011 FNMA NOTES (CALLABLE) 31398AWY4 20,000,000.00 AAA Aaa 04/27/09 04/29/09 20,000,000.00 1.70 30,222.22 20,000,000.00 20,093,750.00 DTD 04/29/2009 1.700% 04/29/2011 FNMA NOTES (CALLABLE) 3136FHOF5 25,000,000.00 AAA Aaa 05/05/09 05/12/09 24,987,750.00 1.48 19,131.94 24,991,101.00 25,109,375.00 DTD 05/12/2009 1.450% 05/12/2011 FNMA GLOBAL BENCHMARK NOTES 31359MJH7 50,000,000.00 AAA Aaa 11/18/08 11/19/08 51313,500.00 3.21 133,333.33 51,969,321.50 54,000,000.00 DTD 05/25/20016,000% 05/15/2011 FFCB BONDS (CALLABLE) 31331GVN6 970,000.00 AAA Aaa 05/19/09 05/20/09 971,164.00 1,31 481.63 970,544.77 974,850.00 DTD 05/18/2009 1.375% 05/18/2011 FFCB BONDS (CALLABLE) 31331GVN6 17,442,000.00 AAA Aaa 05/19/09 05/20/09 17,468,163.00 1.30 8,660.44 17,454,243.24 17,529,210.00 DTD 05/18/2009 1.375% 05/18/2011 FFCB FLOATING BONDS 31331GWGO 25,000,000.00 AAA Aaa 05/20/09 05/21/09 25,000,500.00 0.42 2,956.60 25,000,000.00 25,041,250.00 DTD 05/18/2009 0.328% 05/1812011 FNMA STEP CPN NOTES (CALLABLE) 3136FHRJ6 16,000,000.00 AAA Aaa 05/11/09 05/27/09 15,985,600.00 1.05 1,777.78 15,989,251.68 16,035,000.00 DTD 05/27/2009 1.000% 05/27/2011 FHLB TAP BONDS 3133XBYA7 25,000,000.00 AAA Aaa 07123/08 0724/08 25,158,250.00 4,01 504,687.50 25,086,627.75 26,335,937.50 DTD 05/24/2005 4.250% 06/10/2011 FFCB BONDS 31331YZ86 25,000,000.00 AAA Aaa 11/05/08 11/06/08 25,518,000.00 3.10 258,333.33 25.325,976.50 26,367,187,50 DTD 06/25/2008 3.8750/. 08/25/2011 FFCB BONDS 31331YZ86 50,000,000.00 AAA Aaa 11/04/08 11/05/08 50,894,000.00 3.20 516,666.67 50,562,541.50 52,734,375.00 DTD 06/25/2008 3.875% 08/25/2011 FNMA NOTES (CALLABLE) 31398AZH8 25,000,000.00 AAA Aaa 11/24/09 11/25/09 25,106,250.00 1.02 54,687.50 25,104,151.75 25,078,125.00 DTD 09/28/2009 1.250% 09/28/2011 FHLB NOTES (CALLABLE) 3133XV6N6 25,000,000.00 AAA Aaa 10/22/09 10/23/09 25,000,000.00 1.38 40,104.17 25,000,000,00 25,109,375.00 DTD 10/19/2009 1,375% 10119/2011 'r Account 76990800 Page 12 `_ PFM Asset Management LLC Q ®PFM` a. Managed Account Detail of Securities Held For the Month Ending November 30, 2009 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity Agency Bond / Note CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal FHLB NOTES (CALLABLE) 3133XV6N6 25,000,000.00 AAA Aaa 10/23/09 10/26/09 24,997,500.00 1.38 40,104.17 24,997,624.75 25,109,375.00 DTD 10/19/2009 1.375% 10/19/2011 FFCB NOTES (FLOAT) 31331G2MO 25,000,000.00 AAA Aaa 11/06/09 11/09/09 25,000,000.00 0.22 4,501.04 25,000,000.00 24.995.975.00 DTD 11/02/2009 0.224% 11/02/2011 FHLMC NOTES (CALLABLE) 312BX9K02 25,000,000.00 AAA Aaa 10/29/09 11/10/09 24,975,000.00 1.25 17,500.00 24,975,722.25 25,094,275.00 DTD 11/10/2009 1.200% 11/10/2011 FHLMC NOTES (CALLABLE) 3128X9KO2 25,000,000.00 AAA Aaa 10/29/09 11/10/09 24,975,000.00 1.25 17,500.00 24,975,722.25 25,094,275.00 DTD 11/10/2009 1.200% 11/10/2011 FHLB NOTES (CALLABLE) 3133XVWS6 25,000,000.00 AAA Aaa 11/30/09 12/09/09 24,987,500.00 1.08 0.00 24,987,500.00 25,015,625.00 DTD 12/09/2009 1.050% 12/09/2011 FNMA NOTES (CALLABLE) 3136F9X99 25,000,000.00 AAA Aaa 12/04/08 12/15/08 24,997,500.00 3.01 346,986.11 24,998,277.00 25,015,625.00 DTD 12/15/2008 3.010% 12/1512011 FNMA NOTES (CALLABLE) 3136F9X99 25,000,000,00 AAA Aaa 12/04/08 12/15/08 24,997,500.00 3.01 346,986.11 24,998,277.00 25,015,625.00 DTD 12/15/2008 3010% 12/15/2011 FNMA NOTES (CALLABLE) 3136F9X99 50,000,000.00 AAA Aaa 12/04/08 12/15/08 49,995,000.00 3.01 693,972.22 49,996,554.00 50,031,250,00 DTD 12/15/2008 3.010% 12/15/2011 FNMA NOTES (CALLABLE) 3136F95V1 25,000,000.00 AAA Aaa 06/05/09 06/08/09 25,045,500.00 2.12 179,458.33 25,012,094.50 25,070,312.50 DTD 02/03/2009 2.1909/a 02/03/2012 FHLMC (CALLABLE) NOTES 3128X8S52 25,000,000.00 AAA Aaa 06/11/09 06/29/09 25,000,000.00 2.45 258,611.11 25,000,000.00 25,259,175.00 DTD 06/29/2009 2.450% 06/29/2012 FNMA NOTES (CALLABLE) 3136FHN27 40,850.000.00 AAA Aaa 07/15/09 07/16/09 40,876,144.00 2.10 325,523.44 40,866,390.25 41,245,734.38 DTD 07/16/2009 2.125% 07/16/2012 FHLB NOTES 3133XUE41 50,000,000.00 AAA Aaa 07/31/09 08/03/09 49,767,500.00 1.91 311,111.11 49,792,116.00 50,765,625.00 DTD 07/23/2009 1.750% 08/22/2012 FHLB STEP -NOTES (CALLABLE) 3133XUZUO 50,000,000.00 AAA Aaa 09/29/09 09/30/09 50,050,000.00 2.26 127,083.33 50.032,571.50 50,171,875.00 DTD 09/30/2009 1.500% 09/25/2012 Security Type Sub -Total 2,451,182,000.00 2,479,109,191.57 2.17 15,512,246.55 2,463,792,012.92 2,493,310,125.90 Account 76990800 Page 13 CPF.Ii" } PFM Asset Management LLC ®PFIVI Managed Account Detail of Securities Heid For the Month Ending November 30, 2009 SAN BERNARDINO- COUNTY - 76990800 Security Type/ Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value CALYON NORTH AMERICA INC COMM PAPER 1317ORZ18 50,000,000.00 A-1+ P-1 17/30/09 11/30/09 49,999.791.67 0.15 0.00 50,000,000.00 49,999700.00 - 0.000% 12/01/2009 CALYON NORTH AMERICA INC COMM PAPER 1317ORZ18 50,000,000.00 A-1+ P-1 11/30/09 11/30/09 49,999,791.67 0.15 0.00 50,000,000.00 49,999,800.00 - 0.000% 12/01/2009 CBA (DE) FINANCE COMM PAPER 12478JZ82 50,000,000.00 A-1+ P-1 10/06/09 10/08/09 49,984,326.39 0.19 0.00 49,998,201.50 49,998,900.00 -- 0.000% 12108/2009 CBA (DELAWARE) FINANCE COMM PAPER 124787ZF6 25,000,000.00 A-i+ P-1 09/16/09 09/16/09 24,985,312.50 0.24 0.00 24,997,715.25 24,998,950.00 - 0.000% 12/15/2009 GENERAL ELK CAP CORP COMM PAPER 36959HZ39 30,000,000.00 A-1+ P-1 11/13/09 11/13/09 29,995,041.67 0.17 0.00 29,997,591.60 29,997,000.00 - 0.000% 12/18/2009 GENERAL ELEC CAP CORP COMM PAPER 36959HZM2 25,000,000.00 A-1+ P-1 11/12/09 11/12/09 24,995,395.83 017 0.00 24,997,639.00 24,997,075.00 - 0.000% 12/21/2009 GENERAL ELEC CAP CORP COMM PAPER 36959HZPS 20,000,000.00 A-i+ P-1 11/18/09 11/18/09 19,997,083.33 0.15 0.00 19,998,166.60 19,997,440.00 - 0.000% 12/23/2009 GENERAL ELECTRIC CO COMM PAPER 36960LZP3 50,000,000.00 A-1+ P-1 11/30/09 11/30/09 49,994,888.89 0.16 0.00 49,995,111.00 49,994,888,90 -- 0.000% 12/23/2009 BNP PARIBAS FINANCE INC COMM PAPER 0556N1AT0 25,000,000.00 A-1+ P-1 10/27/09 10/27/09 24,985,305.56 0.23 0.00 24,990,895.75 24,991,175.00 - 0.00001.01127/2010 SVENSKA HANDELSBANKEN INC COMM 86958UAT1 50,000,000.00 A-1+ P-1 10/28/09 10/28/09 49,972,194.44 0.22 0.00 49,982,583.50 49,982,350.00 PAPER - 0.000% 0127/2010 CBA (DE) FINANCE COMM PAPER 12478KAU7 25,000,000.00 A-1+ P-1 10/27/09 10/28/09 24,987,222.22 0.20 0.00 24,991,944.50 24,993.900.00 -- 0.00001.01/28/2010 BNP PARIBAS FINANCE INC COMM PAPER 0556N1AV5 25,000,000.00 A-1+ P-1 10/27/09 10/27/09 24,984,986.11 0.23 0.00 24,990,576.50 24,990.825.00 - 0.000% 01/29/2010 Security Type Sub-Total 425,000,000,00 424,881,340.28 0.18 0.00 424,940,425.20 424,942,103.90 ��,Certlflcate of De �. Account 76990800 Page 14 �PFl1' PFM Asset Management LLC Managed Account Detail of Securities Held For the Month Ending November 30, 2009 SAN' BERNARDINO COUNTY --76990800 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value - Certificate of Dosit RABOBANK NEDERLAND NV (NY) CERT 74977GZ50 25,000,000.00 A-1+ P-1 08/28/09 09/01/09 25,000,000.00 0.24 15,166.67 25,000,000.00 25,000,062.50 DEPOS DTD 09/01/2009 0.240% 12/01/2009 CALYON NY CERT DEPOS 13170L4B3 25,000,000.00 A -I+ P-1 09/22/09 09/22/09 25,000,000.00 0.25 12,152,78 25,000,000.00 25,000,070.00 DTD 09/22/2009 0.250% 12/01/2009 CALYON NY CERT DEPOS 13170L6U9 25,000,000.00 A-1+ P-1 10/27/09 10/27/09 25,000,000.00 0.18 4,375.00 25,000,000.00 25,000,020.00 DTD 10/27/2009 0,180% 12/01/2009 NORDEA BANK FIN NY CERT DEPOS 655560TS2 35,000,000.00 A-1+ P-1 10/30/09 10/30/09 35,000,000.00 0.18 5,600.00 35,000,000.00 35,000,028.00 DTD 10/30/2009 0,180% 12/01/2009 BNP PARIBAS SF CERT DEPOS 055660C39 50,000,000.00 A-1+ P-1 10/05/09 10/05/09 50,000,000.00 0.20 15,833.33 50,000,000.00 50,000,260.00 DTD 10/05/2009 0.200% 12/04/2009 CALYON NY CERT DEPOS 13170MBK3 50,000,000.00 A-1+ P-1 11/23/09 11/23/09 50,000,000.00 0.17 1,888.89 50,000,000.00 49,999,908.00 DTD 11/23/2009 0.170% 12/23/2009 SVENSKA HANDEtSBANKEN NY CERT DEPOS 86959F3Y0 50,000,000.00 A-1+ P-1 11/23/09 11/24/09 50,000,472.16 0.14 1,458.33 50,000,375.00 49,998,910.50 DTD 11/24/2009 0.150% 12/28/2009 TORONTO DOMINION CERT DEPOS 8911A35B4 50,000,000.00 A-1+ P-1 11/24/09 11/24/09 50,000,000.00 0.14 1,361.11 50,000,000.00 49,998,329.50 DTD 11/24/2009 0.140% 12/30/2009 TORONTO DOMINION NY CERT DEPOS 8911A35DO 50,000,000.00 A-1+ P-1 11/30/09 12/02/09 50,000,000.00 0.15 0,00 50,000,000.00 49,997,796.00 DTD 12/02/2009 0,150% 01/0412010 Security Type Sub -Total Managed Account Sub -Total Securities Sub -Total Accrued Interest Total Investments Bolded items are forward settling trades. 360,000,000.00 4,057,282,000.00 $4,057,282,000.00 360,000,472.16 0.18 57,836.11 360,000,375.00 359,995,384.50 4,086,172,673.01 1.51 17,111,130.19 4,072,283,797.58 4,106,957,985.33 $4,086,172,673.01 1.5101. $17,111,130.19 $4,072,283,797.58 $4,106,957,985.33 $17,111,130.19 $4,124,069,115.52 �PFIf' Account 76990800 Page 15 PFM Asset Management LLC LAIF Regular Monthly Statement Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209-0001 (916) 653-3001 CITY OF CHINO HILLS FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS, CA 91709 Transactions Tran TVDe Definitions Account Summary Total Deposit: Total Withdrawal: Page 1 of 1 www.treasurer.ca.eov/omia-laif December 08, 2009 PMIA Average Monthly Yields Account Number: 98-36-151 November 2009 Statement 0.00 Beginning Balance: 0.00 Ending Balance: 39,588,757.81 39,588,757.81 https:Hlaifms.treasurer.ca.gov/RegularStatement.aspx 12/8/2009 State of California Pooled Money Investment Account Market Valuation 11/3012009 ' ^ !4;_^��`''' � [ ��, ~~~�"�-�,« ^n,,-,���,�,'=,-�',�=.-`�`' U����.������� � '�� � ,`=``.^`''''`'—~-y � / JUnitudStates Treasury: � �Bills D 15'091,044'900J9 $ 15.129'039.850.00 NA l �Notes $ 6'985,012.018.34 $ 7.017'233.000.00 $ 29,270'510.50 � Federal Agency: | | � GRA $ 559108,136.66 $ 550022,64034 $ 588287.44| � MBS-REy0|Cs $ 006.104.897.18 $ 950,914,589,54 $ 4'388,058.54� �Debentures $ 2'114'022.945.72 $ 2.130.143.520.00 $ 25'846,048.74� Debentures FR $ 2'488'923.924.80 $ 2.409.396.600.00 $ 605.540.48| Discount Notes $ 8,312'516.005.84 $ 0.323'928.500.00 NA � FHLMCPC $ ' $ -$ l ^ ` " GNIVIA $ 110,966.78 $ 124.37223 $ 1'034.351 � U8RDDeb FR $ 300'000.000.00 $ 500.830'000.00 $ | 152.157.00| � JCDoand YCDaFR $ ^ $ - $ l ~ . IBank Notes $ . $ - $ ^ | JCDaand YCDa $ 5/400,083'278.17 $ 5.889'903.597.75 $ 1.372'236.14| lCunnnnonciu|Papur Q 0,327,445,448.97 $ 8,330'045.568.91 NA | |Corporate: | � Bonds FR $ 188,887.715.04 $ 188'785'435.92 $ 110,4139.84| | Bonds � - � ^ � | ' ` ] � Repurchase Agreements 8 - $ - NA l lReveo;eRnpumhaae $ - * - $ ^ � l ITinoaDupuoitn Q 5.030/400VV00O � $ �iO3O/�00,00D�OO NA | / NOVVAccourd $ 1.020.888,00080 $ 1.820,839'000.00 N8 l 1 JAB 55&GFLoans $ 12,511/624'014D5 $ 12,311,624.014.65 N8 . � IT{}77\L $ 67.818J183'328.94 D 67'881'031'689.34 $ | 62,3V64,029.08| Fair Value Including Accrued Interest 68,043.395,718.37 Repurchase Agreements, Time Deposits, AB55&General Fund loans, and