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02-09-2010 CC Rpt A06COUNCIL AGENDA STAFF REPORT ag Meeting Date: February 9. 2010 Public Hearing: 0 Discussion Item: 0 / Consent Item: 57/ FEBRUARY 2, 2010 CITY CLERK USE ONLY RECEIVED 2010 FEB -1 AM 9* 45 OFFICE OF CITY CLERK CMNO HILLS TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR DECEMBER 2009 RECOMMENDATION: Approve the Treasurer's Report for December; 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 December 2009 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $138,073,571.11. 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. E10 AGENDA DATE: FEBRUARY 9, 2010 SUBJECT: TREASURER'S REPORT FOR DECEMBER 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 June 30, 2010. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Respectfully submitted, Recommended by: Michael S. Fleager, C`i Manager Ju �. L caster, Finance Director MSF:JRL:PS:gm // Attachment EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT DECEMBER 2009 I. Funds Held by City and Fiscal Agents: A. Funds Held by City: Investments San Bernardino County Pooled Funds of Investments (SBCPFI) Los Angeles County Pooled Funds of Investments (LACPFI) State of California Local Agency Investment Fund (LAIF) Total Investments Cash Bank of America - Checking Bank of America - Payroll Wells Fargo Bank - Credit Card Total Cash in Bank Petty Cash Total Cash Total Funds Held by City B. Funds Held by Fiscal Agents: U.S. Bank Total Funds Held by Fiscal Agents Total Funds Held by City and Fiscal Agents 11. Estimated Composite Investment Earnings Rate: (Actual Investment Earnings Rate for SBCPFI: 1.19%, LAiF : 0.60%; and Estimated Investment Earnings Rate for tACPFI : 1,49%) Ill. Cash Flow Transactions by Major Fund Types: Cost $ 47,525,498A7 $ 35,789,228.17 (3) 39,588,757.81 122,903,484.45 973,137.21 10,000.00 86,596.41 1,069,733.62 2,800.0D 1,072,533.62 123,976,018.07 14,097,553.04 14,097,553.04 $ 138,073,571.11 $ Market Value 47,747,400.86 (1) 39,626,281.01 (2) 973,137.21 10,000.00 86,596,41 1,069,733.62 2,800.00 1,072,533.62 (2) 14,097,553.04 14,097,553,04 (2) 1.09% Beginning Ending Cash Balance Cash Cash Cash Balance Fund 12/01/09 Receipts Disbursements 12/31/09 General Fund $ 25,625,368.78 $ 2,036,836.85 (2,883,971.56) $ 24,778,234.07 Water Funds 29,493,336.55 1,523,373.52 (2,788,810.44) 28,227,899.63 Sewer Funds 17,805,061.94 416,917.50 (432,267.67) 17,789,711.77 Parks & Landscape 7,646,208,20 1,003,087.61 (881,370.15) 7,767,925.66 Development Funds 10,669,623.67 3,427.40 (20,529.46) 10,652,521,61 Comm. Facilities Dist, 27,145,941.58 1,435,405.05 (62,565.82) 28,518,780.81 Assessment Districts 4,899,818.73 126,905.55 (8,510.90) 5,018,213.38 Miscellaneous Funds 16,169,403.16 2,851,573.95 (3,700,692.93) 15,320,284A8 Total $ 139,454,762.61 $ 9,397,527.43 $ (10,778,718.93) $ 138,073,571.11 EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT DECEMBER 2009 Page 2 of 2 IV. Funds Held by Deferred Compensation Providers - Market Month Ending December 2009 Value ING Life Insurance and Annuity Company 2,325,612.14 ICMA 4,712,55120 Total Funds Held by Deferred Compensation Providers $ 7,038,163,34 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 is not available. (3) The Los Angeles County Pooled Funds of Investment statement 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 June 30, 2010. d anc te� A& ince ' ector/City Treasurer I I Funds Held by City: I Beginning Book Balance (@ 12/01/09 1 1 Cash Receipts Cash Disbursements I I Journal Entries For Month I Ending Bock Balance P- 12/31/09 6 I Reconciling Transactions 1.. 1, Ending Bank Balance Funds Held by City i' I I� Funds Held by Fiscal Agent: it Beqinninq Book Balance A 1211109 II N Cash Receipts I) II Cash Disbursements I Journal Entries For Month I I Ending Book Balance Q 12/31/09 1 Reconciling Transactions I I Ending Bank Balance Funds Held by F/A I I II II Summary of Cash Balances: Beginning Cash Balance jf Funds Held by City Funds Held by Fiscal Agent Total Beginnina Cash Balance Ending Cash Balance Funds Held by City Funds Held by Fiscal Agent Total Endino Cash Balance City of Chino Hills Treasurer's Report Worksheet General II Water If Sewer If Parks & 11 Development 11 Comm. Facilities If Assessment If Miscellaneous if Fund 11 it Funds II 11 Funds it 11 Landscape II Funds it District II Districts II Funds II Total 22,009,069.0511 II 28,143,762,1711 II 17,805,061.94 II 11 11 7,646,208.20 II �l 1 10,669,623.67 ( If 1%761,069.1211 11 2,690,803.27 II II 16,169,403.16 If 124,895,000.58 2,036,836.85 II II 1,523,410.24 II It 416,917.50 II If 1,003,087.61 11 II I 3,427.40 1 1 II 1,435,405.05 II II 126,905.55 II 11 2,849,598.95 II 9,395,589.15 (2,877,837.45)11 II (2,331,023.56)11 II (432,267.67)11 II (881,370.15)11 (20,529.46) 1 11 (62,565. VI II (5,610.90)[1 II (3,700,692.93)11 (10,311,897.94) (2,844.00)(1 II (36.72111 II it II it If i it II .I 11 1,975.0011 (905.72) 21,165,224.45 it II 27,336,112.13 If II 17,789,711.77 It 11 7,767,925.66 If II 10,652,521.61 it II 21,133,908.35 II 2,812,097.92 11 II 15.320,284.18 k 123,977,786.07 1,132.001I 11 11 11 II II If II II 11 II 11 (2,900.00)11 II II (1,768.00; 21,166.356A5 II II 27,336,112.13 11 II II 17.789.711.77 11 II It 7.767.925.66 II II 11 10.652.521.61 II II 11 21.133.908.35 ;I 1 II 2.809.197.92 11 II II 15.320.284.18 11 II 123.976,018.07 _ 3,616,299.73 1 1 it 1,349,574.38 11 11 if 0.00 II If it 0.00 1 1 II it 0.00 II 11 1 1 7,384,872.46 1 II it 2,209,015.46 II II it 0.00 II 14,559,762.03 0.00 1 1 0.00 II II 0.00 II II 0,00 1 1 0.00 II If 1 0.00 1 0.00 II 0.00 11 0.00 (4,422.11) 1 1 (457,786.88)11 II 0.00 II II 0.00 1 1 0.0011 II I 0.00 1 II 0.00 II If 0.00 II (462,208.99) 0.00 1 1 II II II II II II 11 II II 11 II 0.00 II 0.00 3,611,877.62 If II 891,787.50 11 0.00 If 0.00 it If 0.0011 11 11 7,364,672.46 11 II 11 2,209,015.46 If li 11 0.0011 II 14,097,553.04 !! !! !! II if II 11 II 1! 11 0.0011 0.00 3.611.877.62 11 II 891.787.50 11 II 0.00 11 II 0,00 11 II 0.0011 II 11 7,384,872.46 11 II li II 2,209,015.46 11 11 II 0.00 11 II 14.097.553.04 it 22,009,069.05 11 II it 28,143,762.17 II If 17,805,061.94 11 II II ti 7,646,208.20 It it 10,669,623.67 11 11 If 11 19,761,069A 2 II II 11 11 2,690,803.27 11 8 16,169,403.16 II 124,895,000.58 3,516.299.73 It 1,349,574.35 11 0.00 it 0.00 If 0.00 11 7,384,872.46 it 2,209,015.46 II 0.0011 14.559.762.03 25.625.368.78 II II 29.493,336.55 II II 17.805.061.94 It 11 7,646,208,20 II II 10.669 623.67 II II 27 145.941.58 11 it 4.899,818.73 II II 16.169A03.16 II II 139A64.762.61 II 21,166,356.45 II II 27,336,112.13 11 II 17,789,711.77 II If 7,767,926,66 II II 10.652,521.61 It II 21,133,908.35 11 II 2,809.197.92 II 11 15,320,284.18 II _ 123,976,018.07 3,611.877-62 II 891,787.50 II 0.0011 0,00 II 0.00 It 7,384,872.46 It 2.209.015.46 II 0.00 if 14,097,553.04 24.778.234.07 11 28.22T899.63 11 17.789.711.77 11 7.76T 925.66 11 10.652.521.61 0 28.518.780.81 11 5.018213.38 11 15.320,284.18 11 138,073.571.11 #t xY+*xxkf xy#x+*rYµµ#r4++++Y#+*W+a xxi Yxtx4#+xY+#+++++#+k+tµ xYf##1+}+#+x+t+FYxYf x++i#t+kxTµ#kf ex+++rtxix4}F4}ni#++n}ki*Yp+rt+fT+ak+Y kt+t++x4kk*x#++#F++xT4#ib#kxxf+114k+#ikxt Fk k+#4YY*#kxµ+++4#+#kF+n++4*k+F+W+++W+#+a++4T}xx+Y+aM++itxk##;xY++T4Y++aeY #rts# REPORT CODE NAME: FZ360 x a REPORT DISTRIBUTION SYSTEM PINAL REPORTS FOR DECEMHER, 2009 EXPENDITURE DETAIL TRANSACTIONS a x ' + CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 1 **+ PGM : FZ360 TIME: 22:16:02 FUND/DEPT/ORGI: SED OBJECT/ TR DATE ORG GRC TRANSACTION ID SED FED DETAIL EXPENDITURE TRANSACTION LISTING BY 05d CT CODE PAGE: 8004 ACCOUNTING PERIOD O6 - 12/2009 DATE: 01/04/2010 BUDGET/ DESCRIPTION/VENDOR EXPENDITURES ENCUMBRANCES PRE -ENCUMBRANCES REMAINING BUDGET *k* NO ACTIVITY FOR THIS PERIOD *** BEGINNING BAL - CASH IN COUNTY TREASURY ENDING SAL - CASH IN COUNTY TREASURY 47, 525, 498.47 47,525,498.47 CITY OF CHINO HILLS (CM002 PACKET PAGE NUMBER 2 afk �PFM` WF • r •: • • • ITUnM1111 • • • i' Security Type Bankers Acceptances Certificates of Deposit Collateralized CD Commercial Paper Corporate Notes Federal Agencies Money Market Funds Municipal Debt Repurchase Agreements TLGP Corp. Debt U.S. Treasuries Total Securities Cash Balance TAGPIFDIG NOW Balance Total Investments Accrued Interest Total Portfolio Par Amortized Market Market % of Yield to Maturity Weighted Modified Value Cost Value Portfolio At Cost Avg. Maturity Duration 0.00 0.00 0,00 0.0% 350,000,000.00 350,000,583.00 349,994,063.00 7.7% 0.16% 24 0.06 0.00 0.00 0.00 0.0% 325,000,000.00 324,949,777.00 324,952,150.00 7.1% 0.17% 30 0,08 0.00 0.00 0.00 0.0% 3,177,773,000.00 3,190,118,089.16 3,210,499,410.99 70.2% 1.79% 427 0.80 131,000,000.00 131,000,000.00 131,000,000.00 2.9% 0.05% 1 0,003 0.00 0.00 0.00 0.0% 0.00 0,00 0.00 0.0% 97,100,000.00 97,215,325.73 97,619,006.10 2.1% 1.15% 443 1.20 450,000,000.00 454,380,115,45 456,448,040.00 10.0% 0.80% 578 1.57 4,530,873,000,00 4,547,663,890.34 4,570,512,670.09 100.0% 1.39% 371 0.79 245,927,647.23 245,927,647.23 246,927,647.23 100, 000,000.00 100,000,000.00 100,000,000,00 4,876,800,647.23 4,893,591,537.67 4,916,440,317.32 18, 999,445.36 18,999,445.36 4,876,800,647.23 4,912,590,982.93 4,935,439,762.68 1. yield for the Mheymarket funds is a xeighted average of the month -end yields for the Federated, Goldman, and Fidelity money market fords. Z Blabs tics for the total portfolio include money market funds. 3. Market paces are derived from closing bid prices as of the last business day of the month as supplied by F.T. Interach,a Data, Bloomberg, or Telerate. Prices that fail between data points are interpolated 9 ®PFIM' Managed Account Summary Statement SAN BERNARDINO COUNTY--76990800 Opening Market Value $4,106,957,98533. Maturities/Calls Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value Closing Market Value (4,135,000,000.00) (400,000,000.00) 5,011,546,733,13 0.00 (12,992,048,37) $4,570,512,670.09 For the Month Ending December 31, 2009 ®i!9.e�tYj�ari�-rM�tiU.Kw�li.�,ii:n daurni:N� �.�slnnu 7ii�. W::i1�1�111�. Maturities/Calls 4,135,085,173.89 Sale Proceeds 400,000,000.00 Coupon/Interest Income 5,442,583.63 Principal Payments 0.00 Security Purchases (5,087,954,321.46) Net Cash Contribution 547,426,563.94 Reconciling Transactions 0.00 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Coupons Received 5,527,757.52 Closing Cash Balance $0.00 Less Purchased Interest Related to Interest/Coupons (1,420,08833) Plus Net Realized Gains/Losses 587,842.04 Total Cash Basis Earninos $4,695,511.23 Ending Amortized Value of Securities 4,547,663,890.34 Ending Accrued Interest 18,999,445.36 Plus Proceeds from Sales 400,000,000.00 Plus Proceeds of Maturdes/Cads/Principal Payments 4,135,085,173,89 Plus Coupons Received 5,442,583.63 Less Cost of New Purchases (5,012,966,821.46) Less Beginning Amortized Value of Securities (4,072,283,797.58) Less Beginning Accrued Interest (17,111,130.19) Total Accrual Basis Earnings $4,829,343.99 5 Account 76990800 Page 1 PFM Asset Management LLC PFM SAN BERNARDINO-COUNTX - 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 30.82% 0 - 6 Months 18.92% Portfolio Summary and Statistics For the Month Ending December31, 2009 Par Value Market Value Percent 450,000,000.00 456,448,040.00 9.99 Celt of Deposit 97,100,000.00 97,619,006.10 2.14 US TSY Bond / Note 7.66% 9.99 /o Commercial Paper US Govt Supported 7A1% 131,000,000.00 131,000,000.00 2.87 Corp Debt 491,591,000.00 491,233,120.85 10.74 14^/o 2,686,182,000.00 2,719,266,290.14 59.49 Mny Mkt Fund 2.87% 325,00D,000.00 324,952,150.00 7.11 Fed Agy DN 350,000,000.00 349,994,063.00 7.66 10.74% 4,530,873,000.00 4,570,512,670.09 100.00% 18,999,445.36 4,530,873,000.00 4,S89,512,115.45 Feed Agy Bond / Note 0.00 0.00 59.49% 6-12 Months i-2Years 2-3 Years 0.00% 1.240/c 0.00% 3.4 Years 4-5Years Over 5 Years Characteristics Yield to Maturity at Cost 1.39% Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 0.75% 0.79 371 Account 76990800 Page 2 %F PPM Asset Management LLC Issuer of Holdings Percent SNP PARIBAS 199,986,757.50 4.38 CI IGROUP INC 25,021,175.00 0.55 COMMONWEALTH BANK OF AUSTRALIA 24,998,050.00 0.55 CREDIT AGRICOLE SA 199,999,820.00 4.38 FANNIE MAE 867,642,028.05 18.98 FEDERAL FARM CREDIT BANKS 459,355,404.38 10.05 FEDERAL HOME LOAN BANKS 1,074,421,229.06 23.50 FEDERATED INVESTORS INC 95,000,000.00 2.08 FIDELITY INSTITUTIONAL FUND 36,000,000.00 0.79 FREDDIE MAC 809,080,749.50 17.70 GENERAL ELECTRIC CO 22,150,631.10 0.48 GOLDMAN SACHS GROUP INC 50,447,200.00 1.10 RABOBANK NEDERLAND 49,996,287.00 1.09 SVENSKA HANDELSBANKEN 99,968,700.00 2.19 TORONTO-DOMINION BANK 99,996,598.50 2.19 UNITED STATES TREASURY 456,448,040.00 9.99 Total $4,570,512,670.09 100.000/0 61.62% Account 76990800 Page 3 �PZIt �PFM Asset Management LLC �M„ Managed Account Detail of Securities Held For the Month Ending December 31, 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 Jill at Cost Interest Cost Value US TREASURY NOTES 912828JF8 25,000,000,00 TSY TSY 07/01/09 07/02/09 25,592,773.43 0.55 287,703.80 25,319,560.00 25,356,450.00 DTD 07/31/2008 2.750% 07/31/2010 US TREASURY NOTES 912828330 25,000,000.00 TSY TSY 07120/09 0721109 25,503,906.25 0,55 2D1,743.78 25,299.686,25 25,331,050.00 DTD 08/31/2008 2.375% 08/31/2010 US TREASURY NOTES 912828330 50,000,000.00 TSY TSY 12/09/09 12110/09 50,777,343.75 0.22 403,487,57 50,711,871.00 50,662,100.00 DTD 08/3112DOS 2.375% 08/31/2010 US TREASURY NOTES 912828JP6 25,000,000.00 TSY TSY 07/28/09 0729/09 25,258,789.05 0.67 64,226.52 25,171,087.00 25220,700.00 DTD 10/31/2008 1.5000/a 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 27,472.53 25,109,991.75 25,175,775.00 DTD 11/30/2008 1.250% 11/30/2010 US TREASURY NOTES 912828JV3 25,000,000.00 TSY TSY 11/04/09 11/05/09 25,112,304169 0.48 604.28 25,097,263.00 25,091,800.00 DTD 12/31/2008 0.875% 12/31/2010 US TREASURY NOTES 912828JV3 25,000,000.00 TSY TSY 11/16/09 11/17/09 25,127,929.69 0.42 504.28 25,113,998.75 25,091,800.00 OTD 12131/2008 0.875% 12/31/2010 US TREASURY NOTES 9128276T4 20,000,000.00 TSY TSY 12/28/09 12/29/09 20,990,625,00 0.60 377,717.39 20,983,510.20 20,960,160.00 DTD 02/15/2001 5.000% 02/15/2011 US TREASURY NOTES 912828KE9 25,000,000.00 TSY TSY 17/04/09 17/07109 25,118,164,06 0.49 74,326.66 25,111,550.00 25,060,550.00 DTD 02/28/2009 0.875% 02128/2011 US TREASURY NOTES 912828KL3 50,000,000.00 TSY TSY 12/22/09 12/23/09 50,175,781.25 0.61 74,930.94 50,172,566.00 50,066,400.00 DTD 04/30/2009 0.875% 04/30/2011 US TREASURY NOTES 912626FNS 25,000,000.00 TSY TSY 0723/D9 07/24/09 26,906,250,00 1,05 510,020.38 26,496,244.75 26,549,800.00 DTD 07/31/2006 4.8750/0 07/31/2011 US TREASURY NOTES 912828LG3 25,000,000.00 TSY TSY 07/30/09 07/31/09 24,900,390.63 1.20 104,619.37 24,921,045.75 25,038,0&00 DTD 07131J2009 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 17,852.21 9,969,694.90 10,000,000.00 OTD 05/15/2009 1.3750% 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 17,852.21 9,910,641.60 10,000,000.00 DTD 05/15/2009 1375% OS/15/2012 - Account 76990800 Page 4 "�PPYf' PFM Asset Management LLC Managed Account Detail of Securities Held For the Month Ending December 31, 2009 SAN BERNARDINO COUNTY - 76990800 Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity I - CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value US TREASURY NOTES 912828KP4 10,000,000.00 TSY TSY 06/05/09 06/08/09 9,897, 656.25 1.73 17,8 52.21 9,916,986.70 10,000,000.00 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 17,852.21 9,868,623.20 10,000,000.00 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 9,8S2,343.75 1.90 17,852.21 9,879,957.80 10,000,000.00 DTD 05/15/2009 1.375% 05/15/2012 US TSY INFL IX BONDS 912828KM1 10,000,000.00 TSY TSY 06/18/09 06/19/09 10,066,686.40 1.25 26,785.71 10,059,152.00 10,335,160.00 DTD 04/15/2009 1.250% 04/15/2014 US TSY INFL IX BONDS 912828KM1 10,000,000.00 TSY TSY 06/19/09 06/22/09 10,063,680.44 1.26 26,785,71 10,056,579.80 10,335,160.0D DTD 04/15/2009 1.250% 04115/2014 US TSY INFL IX BONDS 912828KMI 101000,000,00 TSY TSY 06/22/09 06/23/09 10,036,164.40 1.32 26,785.71 10,032,171.50 10,335,160.00 DTD 04/15/2009 1.250% 04/15/2014 US TSY INFL IX BONDS 912828KMI 25,000,000.00 TSY TSY 07/30109 07/31/09 25,196,112.66 1.08 66,964.29 25,177,933.50 25,837,900.00 DTD 04/15/2009 1250% 04/15/2014 Security Type Sub -Total 450,000,000.00 455,426,706.38 0.80 2,364,040.17 454,380,115.45 456,448,040.00 I'rvi 'llu Flu tr rpI'. CIIIGROUP FUNDING INC (FDIC) FLOAT 17314AAAO 25,000,000,00 AAA Aaa 01/30/09 02/04/09 25,016,950.00 1.23 16,652,56 25,000,000.00 25,021,175.00 MTN DTD 01/30/2009 0.381% 07/30/2010 GENERAL ELEC CAP CORP (FDIC) GLOBAL 35967HAM9 22,100,000X0 AAA Aaa IIJ20/09 11/23/09 22,144,398.90 0.22 4,321.16 22,139,320.98 22,150,631.10 FRN DTD 03/12/2009 0.335% 03/11/2011 GOLDMAN SACHS GROUP INC (FDIC) GL 38146FAFS 25,000,000,00 AAA Aaa 01/23/09 0128/09 24,931,500.00 1.74 187,326.39 24,956,881.75 25,223,600.00 NOTES 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 08103/09 25,150,500.00 1.31 187,326.39 25,119,123.00 25,223,600.00 NOTES DTD 01/21/2009 1.625% 07/15/2011 .� E-1 Account 76990800 Page 5 WF PFM Asset Management LLC AMM �PFTVI Managed Account Detail of Securities field For the Month Ending December 31, 2009 SAN BERNARDINO COUNTY- 76990800 Security Type/Description S&P Moody's Trade Settle Original YfM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Security Type Sub -Total Money Market Fund 97,100,000.00 97,243,348.90 1.15 395,626.50 97,215,325.73 97,619,006.10 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 1000,000.00 AAAm Aaa 08/27/08 08/27/08 11000,000.00 0.05 0.00 1.000,000.00 11000,000.00 FIDELITY GOVT MM FUND 57 316175108 36,000,000.00 AAAm Aaa 12/17/09 12/17/09 36,000,000.00 0.05 0.00 36,000,000.00 36,000,000.00 FEDERATED GOVT OBLIGATIONS FUND 60934NI04 94,000,000,00 AAAm Aaa 12/29/09 12/29/09 94,000,000.00 0,05 0.00 94,000,000.00 94,000,000.00 Security Type Sub-Totaf 131,000,000.00 131,000,000.00 0.05 0.00 131,000,000.00 131,000,000.00 ,DISC FHLB NOTE 313385RK4 50,000,000.00 A-1+ P-1 01/07/09 01/07/09 49,596,666.67 0,81 0.00 49,995,555.50 49,999,890.00 -- 0.000% 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 49,994,097.00 4919991856,50 - 0.000% 01/06/2010 FHLB DISC NOTE 313385RN8 25,000,000.00 A-1+ P-1 01/08/09 01108/09 24,797,222,22 0.81 0.00 24,996,111,00 2.4,999,889.25 -- 0.000% 01/08/2010 FHLB DISC NOTE 313385RVO 50,000,000.00 A -I+ P-1 01/23/09 01/23/09 49,563,666.67 0.89 0.00 49,982,889.00 49,999,384.50 -- 0.000% 01/15/2010 FHLB DISC NOTE 313385SB3 25,000,000.00 A-1+ P-1 01/21109 0121/09 24,784,548.61 0.86 0.00 24,988,194.50 24,999,449.25 -- 0.000% 01/21/2010 FHLB DISC NOTE 313385SCI 25,000,000.00 A-1+ P-1 01/22/09 01/22/09 24,784,548,61 0.86 0.00 24,987,604.2E 24,999,402.00 -- 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 24,979,555.50 24,998,807.25 -- 0.000% 02/02/2010 FHLMC DISC NOTE 313397YJ4 25,000,000.00 A -I+ P-1 12121109 12/21/09 24,973,45833 0.21 0.00 24,975,062,50 24,972,231.50 - 0.000% 06/21/2010 FHLMC DISC NOTE 313397YJ4 25,000,000,00 A-1+ P-1 12/21/09 12/21/09 24,973,458.33 0.21 0100 24,975,062.50 24,972,231.50 -- 0.000% 06/21/2010 FHLMC DISC NOTE 313397YJ4 25,000,000.00 A-1+ P-1 12/21/09 1221/09 24,973,458.33 0.21 0.00 24,975.062.50 24,972,231.50 - 0.000% 06/21/2010 tit Account 76990800 Page 6 PFM Asset Management LLC PM' Securities Held Managed Account Detail of Sec For the Month Ending December 31, 2009 g u d SAM BERNARDINO COUNTY - 76990800 SecurityType/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 FederalAgency Discount Note FNMA DISC NOTE 313589YLI 25,000,000,00 A-1+ P-1 12/23/09 12/23/09 24,973,458.33 0,21 Oleo 24,974,770.75 24,971,51Z.75 -- 01000% 06/23/2010 FNMA DISC NOTE 313589YUI 50,000,000,00 A-1+ P-1 12/06/09 12/08/09 49,948,750.00 0.18 oleo 49,954,750.00 49,937,092.50 — 0.000%07/0112010 FHLMC DISC NOTE 313397YU9 50,000,000.00 A-1+ P-1 12/23/09 12/2,3/09 49,943,263.89 0.22 oleo 49,945,951,50 49,937,092.50 -- 0.000% 07/01/2010 FNMA DISC NOTE 313589H89 41,591,000,00 A-1+ P-1 12/29/09 12/30/09 41,479,801.84 0,35 Oleo 41,480,610.42 41,474,049.85 -- 0.000% 1010112GIC Security Type Sub -Total 491,591,000.00 489,128,204.61 0.55 Oleo 491,205,276.92 491,233,120.85 Federal Agency Bond Note FHLB FLOATING GLOBAL BONDS 3133XRRZ5 25,000,000,00 AAA Ada 03/27/08 08/28/os 24,942,750.00 Z.82 5,679,17 24,994,650.50 24,999,950.00 DTD 07/01/2008 0,094% 01106/2010 FHLB FLOATING GLOBAL BONDS 3133XNX95 10,000,000.00 AAA Aaa 01/15/08 01/16/08 10,009,280.00 4.41 2,858,89 10,000,089.80 91999,980.00 DTD 01/08/2008 0.124% 01/08/2010 FNMA FLOATING GLOBAL NOTES 31398ATKB 15,000,000.00 AAA Aaa 08119/08 08/20108 14,995,642.50 2.77 4,53125 14,995,642.50 15,003,765.00 DTD 08/12/2008 0.218% 02/12/2010 FNMA FLOATING GLOBAL NOTES 31398ATK8 25,000,000.00 AAA Aaa 09/02/08 09/03/08 24,985,7So.00 2.79 7,552.08 24,985,750.00 25,006,275.00 DTD 08/12/2008 0.218% 02/12/2010 FNMA GLOBAL NOTES (EX -CALLABLE) 31359MXVD 10,000,000.00 AAA Aaa 04/01/08 04/02/08 10,357,800.00 2.49 138,111.11 10,035,072.50 10,071,875.00 DTD 03/08/2005 4.400% 03/08/2D10 FNMA GLOBAL BENCHMARK NOTES 31398APV8 25,000,000.00 AAA Aaa 03/10/09 03/11/09 25,341,500.00 1,22 67,621.53 25,111,182.50 25,210,937,50 DTD 04/11/2008 2.37S% 05/2012010 FHLMC GLOBAL REFERENCE NOTES 3137EABH1 10,000,000.00 AAA Aaa 06/10/08 06/11/08 9,780,700.00 3.54 21,770.83 9,953,240.10 10,090,625.00 OTD 03/14/2008 2.375% 05/28/2010 FNMA GLOBAL NOTES (EX -CALLABLE) 313513MCSO 2,110,000.00 AAA Aaa 04/01/08 04/02/08 2,203,705.10 2.50 8,132,29 2,128,534.2D 2,14B,90113 DTD 06/01/2005 4.625% 06/01/2010 FNMA GLOBAL NOTES (IX -CALLABLE) 31359MCSO 3,255,000.00 AAA Aaa 04/bitoB 04/027o8 3,399,554.55 2,50 12,545.31 3,283,591.89 3,315,014.06 DTD 06/01/2005 4,625% 06/01/2010 PFM Account 76990800 Page 7 �PFM Asset Management LLC ..a— PFM,, Managed Account Detail of Securities field For the Month Ending December 31, 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 j Note CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FHLB TAP BONDS 3133XBTHB 15,000,000.00 AAA Aaa 06/05/08 06/06/08 15,303,300.00 3.21 35,416.67 15,068,570.25 15,267,187.50 DTD 05/06/2005 4.250% 06/11/2010 FHLB TAP BONDS 3133XR2Y5 25,000,000.00 AAA Aaa 01/27/09 01/28109 25,597,500.00 1.23 41,666.67 25,195,025.25 25,304,687,50 DID 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 83,33333 50,132,609.50 50,609,375.00 DTD 04/29/2008 3.000% 06/11/2010 FNMA NOTES (EX -CALLABLE) 3136F67J2 10,015,000.00 AAA Aaa 04/02/08 04/03108 10,433,627.00 2.66 19,299.74 10,104,150.12 10,209,040.63 DTD 06/16(2005 4,625% 06/16/2010 FHLMC GLOBAL REFERENCE NOTES 3137EABL2 25,000,000.00 AAA Aaa 11/25/08 11/26/08 25,091,000.00 2.64 5,989.58 25,028,670.25 25,318,975.00 DTD 05/23/2008 2.875% 06/28/2010 FHLB GLOBAL BONDS 3133XTHRO 25,000,000.00 AAA Aaa 05/07/09 05/08/09 25,079,500.00 0.79 52,263.89 25,036,018.00 25,085,937.50 DTD 04/20/2009 1.060% 07/13/2010 FNMA FLOATING GLOBAL NOTES 31398AUWO 25,500,000.00 AAA Aaa 03/11/09 03/12/09 25,466,485.00 1.30 9,881.53 25,485,485.00 2S,497,297.00 DTD 01/12/2009 0.174% 07/1312010 FHLB GLOBAL BONDS 3133XRN22 50,000,000.00 AAA Aaa 11/26/08 11/28/08 50,650,500.00 Z.68 802,083.33 50,219,150.00 50,843,750.00 DTD 06/19/2DDB 3.500%n 07/16/2010 FNMA NOTES (EX -CALLABLE) 3136F7GP6 7,575,000.00 AAA Aaa 05/12/08 05/13/08 7,857,093.00 3.00 148,922.40 7,651,337,52 7,754,906.25 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 2.64 293,387,50 15,187,766.55 15,370,635.00 OTC, 08/04/2005 4.790% 08/04/2010 FHLB BONDS 3133XOKH1 11,000,000,09 AAA Ada 04/24/08 04/25/08 11,329,780.00 3.17 201,590,28 11,088,703.67 11,250,937.50 [)To 08/06/2003 4.550% 08/06/2010 FHLB TAP BONDS 3133MBZEO 13,980,000.00 AAA Aaa 04/23/08 04/24t08 15,183,118.60 Z,98 363,091,67 14,310,141.06 14,517,356.25 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 2.99 264,916.67 17,117,368.51 17,366,562.50 DTD 07/2412003 4.125% 08/13/2010 FHLB TAP BONDS 3133MRCM2 25,000,000.00 AAA Aaa 06/23/08 0624/08 25,529,250.00 3.71 448,611.11 25,157,198.25 25,640,625.00 DTD 08/22/2002 4.750% 08/13/2010 Account 76990800 page 8 �PFM Asset Management LLC �M, ...® Managed Account Detail of Securities Held For the Month Ending December 31, 2009 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 ' FHLMC GLOBAL NOTES 3128X80T2 10,000,000.00 AAA Aaa 05/26/09 05/27/09 10,079,800.00 0.82 44,708.33 SO 043,025.80 10,074,780.00 DTD 03/10/2009 1A50% 09110/2010 FHLMC GLOBAL NOTES 3128X80 T2 1 0 D00 000.00 , AAA Aaa 05/26/09 05/27/09 10,080,010.00 0.82 44,708.33 10,043,138,70 10,074,780.00 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 3.26 260,156.25 25,015,907.00 25,476,562.50 DTD 07/09/2008 3.375% 09/10/2010 FFCB BONDS 31331XE40 25,000,000.00 AAA Aaa 02/24/09 02/25/09 26,533,250.00 1.24 393,750.00 25,695,796.50 25,781,250.00 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 1.35 328,125.00 25,525,313.25 25,664,062.50 DTO 09/13/2007 4.375% 09/13/2010 FHLMC GLOBAL REFERENCE NOTES 3134A35H5 25,000,000.00 AAA Aaa 11/21/O8 11/24ID8 26,698,500.00 Z.98 506,076.39 25,673,296.25 26,132,812,50 DTD 09/22/2000 6.875% 09/15/2010 FNMA NOTES 3136FHFEO 25,000,000.00 AAA Aaa 04/03/09 04106/09 25,064,250.00 1.32 109375.00 25,031,672.00 25,093,750.00 DTD 03/16/2009 1.500% 09/16/2010 FHLB BONDS 3133XTCW4 25,000,000.00 AAA Aaa 04/23/09 04/23/09 25,120,000.00 1.11 91,631.94 25,062,673.25 25,Z01,250.00 DTO 04/01/2009 1.450% 09/30/2010 FFCB BONDS 31331X6M9 25,000,000.00 AAA Aaa 03/26/08 D3/27/08 26,177,250.00 2.56 271,875.00 25,361,972.50 25,734,375.00 DTD 10/04/2007 4.500% 10/04/2010 FHLB GLOBAL BONDS 3133XTHN9 25,000,000.00 AAA Aaa 04130/09 05/01/09 25,071,500.00 1,05 66,840.28 25,038,827.75 25,132,812.50 DTD 04/14/2009 1.250% 10/14/2010 FNMA GLOBAL BENCHMARK NOTES 31359MGJ6 25,000,000.00 AAA Aaa 04/08/08 04/09/08 27,478,000.00 2.65 211,631.94 25,849,986.50 26,320,312.50 DTD 11/03/2000 6.625% 11/15/2010 FFCB BONDS 31331H4M6 9,315,000.00 AAA Aaa 04/08/08 04/09/08 10,248,340.46 2.71 67,611.36 9,640,053.82 9,821,503.13 DTD 11/22/2000 6.700% 11/2Z/2010 FHLMC GLOBAL REFERENCE NOTES 3137EABVO 25,000,000.00 AAA Aaa 10127/08 10/28/08 24,897,000.00 3.08 75,868.06 24,954,602.25 25,533,800.00 DTD 10/10/2008 2.875% 11/23JZ010 FHLB TAP BONDS 3133XRFK1 5,200,000.00 AAA Aaa 01/09/09 01/12/09 5,392,868.00 1.52 10,616.67 S,295,736.52 5,339,750.00 DTD 06/02/2008 3.500% 12/10/2010 , .yt Account 76990800 Page 9 PFM Asset Management LLC �- Managed Account Detail of Securities Held For the Month Ending December 31, 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 FHLB TAP BONDS 3133XR4S6 11,385,000.00 AAA Aaa 01/09/09 01/12/09 11,713,514.18 1.46 19.923.75 11,548,026.14 11,641,162.50 DTD 05/05/2008 3.000% 12/10/2010 FHLB BONDS (EX -CALLABLE) 31339XUJI 8,485,000.00 AAA Aaa 05119108 05/20/08 8,465,569.35 124 132,153.88 8,477,424,17 8,699,776.56 DTD 07/03/2003 3.150% 01/03/2011 FFCB BONDS 31331GJY6 25,000,000.00 AAA Aaa 01/OB/09 01/12/09 25,049,500,00 LSO 187,777.78 25,025,68825 25,250,000.00 DTD 01/12/2009 1.600% 01/12/2011 FFC8 BONDS 31331GJY6 25,000,000.00 AAA Aaa 01/09/09 01/12/09 25,085,000.00 L43 187,777.78 25,044,096.00 25,250,000.00 OTD 01/12/2009 1.600% (11/12/2011 FFCB BONDS 31331YNJS 10,000,000.00 AAA Aaa 05/19/08 0520/08 10,085,800.00 3.16 158,472.22 10,034,731.50 10,296,875.00 DTD 01/18/2008 3.500% 01/1812011 FHLMC GLOBAL REFERENCE NOTES 3134A4VJ0 10,000,000.00 AAA Aaa 05/19/08 05/20/08 10,394,300.00 3.19 215,069.44 10,159,259.00 10,428,125.00 DTD 12/16/2005 4.750% 01/18/2011 FHLMC GLOBAL REFERENCE NOTES 3134A4VJO 20,000,000.00 AAA Aaa 05/22/08 05/23/08 20,731,000.00 3.30 430,138.89 20,296,41020 20,856,250.00 DTD 12/16/2005 4.750% 01/18/2011 FHLMC MTN (CALLABLE) 3128X8FP2 40,000,000.00 AAA Aaa 0120/09 01/26/09 39,912,000.00 1.61 258,333,33 39,952,603.60 40,028,240.00 DTD 01/25/2009 1.500% 01/26/2011 FHLB GLOBAL NOTES 3133XUHG1 25,000,000,00 AAA Aaa 11/19/09 11/20109 25,147,750.00 0.46 97,638.89 2S,133,807.00 25,078,125.00 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 2.00 194,444.44 25,000,000.00 25,046,875.00 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 2.00 388,BB8.89 50,000,000.00 50.093,7SO.00 DTD 02111/2009 2.000% 02/11/2011 FHLB NOTES 3133XVUSZ 25,000,000.00 AAA Aaa 1120109 11/23/09 24,975,000.00 0.46 10,937.50 24,977,125,50 24,914,062.50 DTD 11/19/2009 0.375% 02/1812011 FHLMC GLOBAL NOTES (CALLABLE) 3128X8LNO 25,000,000.00 AAA Aaa 02/26/09 02/27/09 24,980,000.00 2.04 175,000.00 24,988,382.50 25,047,325.00 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 2,00 330,555.56 49,998,527.00 50,140.625,00 DTD 03/02/2009 2.000% 03/02/2011 PP11' Account 76990800 Page 10 PFM Asset Management LLC Managed Account Detail of Securities Held For the Month Ending December 31, 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 NOTES (CALLABLE) 31398AVL3 50,000,000.00 AAA Aaa 02/12/09 03/02/09 49,997,500.00 2.00 330,555.56 49,998,527.00 50,140,625.00 DID 03/02/2009 2.0000% 03/02/2011 FNMA NOTES (CALLABLE) 31398AVL3 50,000,000.00 AAA Aaa 02/17/09 03/02fO9 49,986,500.00 2.01 330,555.55 49,992,044.50 50,140,625,00 DTO 03/02/2009 2.000% 0310212011 FFCB BONDS 31331YWG1 50,000,000.00 AAA Aaa 12/23/08 12/24/08 51,429,000.00 1.67 491,666.67 50,770,859.00 51,312,500.00 DTD 03/0312008 3.000% 03/03/2011 FHLMC FLOATING MTN 3128X8RCB 10,000,000.00 AAA Aaa 04/07/09 04/08/09 10,011,900.00 1.29 2,086.36 10,000,000.00 10,015,760.00 DID 03/09/2009 0.327% 03109/2011 FHLMC FLOATING MTN 3128XBRCB 10,000,000.00 AAA Aaa 04107/09 04/08/09 10,011,940.00 1.29 2,086.36 10,000,000A0 10,015,760.00 DID 03/09/2009 0.327% 03/09/2011 FHLMC PLOAIfNG MTN 3128XSRCS 10,000,000.00 AAA Aaa 04/07/09 04/08/09 10,011,943.13 1,29 2,086.36 10,000,000.00 10,015,760.00 DID 03/09/2009 0.327% 03/09/2011 FHLMC FLOATING MTN 3128X8RC8 25,000,000.00 AAA Aaa 03/24/09 03/25/09 25,004,500.00 1.34 51215.89 25,000,000.00 25,039,400.00 DID 03/09/2009 0.327% 03/09/2011 FHLMC FLOATING MTN 3128X8RC8 25,000,000.00 AAA Aaa 03/26/09 03/27/09 25,005,000.00 1.34 51215.89 25,000,000.00 25,039,400,00 DID 03/09/2009 0,327% 03/09/2011 FHLMC GLOBAL NOTES (CALLABLE) 3128X8NB4 50,000,000.00 AAA Aaa 02/27/09 03/09/09 49,975,000.00 2.08 318,888.89 49,985,022.00 50,130,850.00 DID 03/09/2009 2.050% 03/0912011 FHLB TAP BONDS 3133XPWWO 25,000,000.00 AAA Aaa 11/14/08 11/17/08 25,072,500.00 3.12 248,263.89 25,038,382.25 25,742,187.50 DID 02/22/2008 3.250% 03/11/2011 FHLB NOTES 3133XPNY6 25,000,000.00 AAA Aaa 12/03/09 12/04/09 25,732,550.00 0.56 219,618.06 25,689,417,25 25,617,187.50 DID 02/08/2008 2.875% 03/11/2011 FNMA GLOBAL BENCHMARK NOTES 31359MHK2 25,000,000,00 AAA Aaa 11/12/08 11/13/08 26,510,650,00 2.81 404,861.11 25,790,961.75 26,421,875.00 DID 03/26/2001 5,500% 03/15/2011 FHLMC GLOBAL NOTES (CALLABLE) 312BX80HB 50,000,000.00 AAA Aaa 03/06/09 03/16/09 49,962,500,00 2.04 291,666.67 49,977,173.50 50,124,600.00 DID 03/16/2009 2.000% 03/16/2011 FNMA GLOBAL NOTES 31398AV02 25,000,000.00 AAA Aaa 12/10/09 12/11/09 25,376,250.00 0.57 119,097.22 25,360,020.25 25,304,687.50 DID 02/27/2009 1.750% 03/2.3/2011 _ Account 76990800 Page 11 �PP1F T PFM Asset Management LLC �PFM . $ — Managed Account Detail of Securities Held For the Month Ending December 31, 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 Federal Agency Bond / Note FHLB NOTES 3133XUSX2 25,000,000.00 AAA Aaa 12JO3109 12/04109 25,063,500.00 0.55 57,812.50 25,059,878.25 �4 24,984,375.00 DTD 09/10/2009 0.750% 0312512011 FFCB BONDS 31331TZN4 12,150,000,00 AAA Aaa 03/11/08 03128/08 12,428,235.00 2.95 106,312.50 12,269,464.88 12,598.031,25 DTD 04/07/2004 3,750% 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 44,148.61 11,948,057.17 11,987,343,75 DTD 04/15/2009 1.750% 04/15/2011 FNMA NOTES (CALLABLE) 31398AWL2 15,000,000.0D AAA Aaa 04/09/09 04/15/09 14,994,450.00 1.77 55,416.67 14,996,402.40 15,016,875.00 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 14,994,750.00 1.77 55,416,67 14,996,596.95 15,046,875.00 DTD 04/15/2009 1.750% 04/15/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAASS 12,000,000.00 AAA Aaa 03/12/08 03/13/08 12,773,400,00 2.93 124,708 33 12,332,361.24 12,663,750.00 DTD 03109/2006 5.125% 04/18/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 25,000,000.00 AAA Aaa 03/11/08 03/12/08 26,612,500.00 2,93 259,809.03 25,692,370.50 26,382,812.50 DTD 03/D9/2006 5,1250/. 04/ 1812011 FHLMC GLOBAL REFERENCE NOTES 3137EAABS 25,000,000.00 AAA Aaa 10/22/08 10/23/08 26,030,000.00 3.38 259,809.03 25,547,809.25 26,382,812.50 DTD 03/09/2006 5.125%. 04/16/2011 FHLMC MTN (CALLABLE) 3128XSWC2 20,000,000.00 AAA Aaa 05/19/09 05/20/09 20,149,000.00 1.35 69,027.78 20,049,329.20 20,070,360.00 DTD 04/20/2009 1.750% 04/20/2011 FHLMC MTN (CALLABLE) 3128X8WC2 25,000,000.00 AAA Aaa 04/09109 04/20/09 24,975,000.00 1.80 86,284,72 24,983,620.25 25,087,950.00 DTD 04/20/2009 1.750% 04/20/2011 FFCB BONDS 31331YG46 25,000,000,00 AAA Aaa 11/06/08 11/07/08 24,738,000.00 3.07 127,604,17 24,858,468.25 25,578,125.00 DTD 04/21/2008 1625% 04/21/2011 FFCB BONDS 31331YG46 50,000,000.00 AAA Aaa 1021108 10/22/08 48,936,500.00 3.52 255,208.33 49,432,899.50 51,156,250.00 DTD 04/21/2008 2.525% 04/21/2011 FHLB STEP CPN BONDS (CALLABLE) 3133XTIX5 25,000,000.00 AAA Aaa 05/11/09 05/12/09 24,987,500.00 1.03 43,750.00 24,991,544.50 25,054,700.00 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 58,555.56 20,000,000.00 20,075,000.00 DTO 0429/2009 1.700% 04/29/2011 _ Account 76990800 Page 12 SPF41 PPM Asset Management LLC PN1,. Managed Account Detail of Securities field For the Month Ending December 31, 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 / Note CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FNMA NOTES (CALLABLE) 3136FHOFS 25,D00,000.0D AAA Aaa 05105/09 05/12/09 24,987,750.00 1.48 49,340.28 24,991,609.50 25,085,937.50 DTD 05/1212009 1.450% 05/12/2011 FNMA GLOBAL BENCHMARK NOTES 31359MJH7 50,000,000.00 AAA Aaa 11/18/08 11/19/08 53,313,500.00 3.21 383,333.33 51,858,417.00 53,531,250.00 DTD 05/25/2001 6.000%. OS/15/2011 FFCB BONDS (CALLABLE) 31331GVN6 970,000.00 AAA Aaa 05/19/09 05/20/09 971,164.00 1.31 1,593.09 970,446.91 973,637.50 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 VA68,163.00 1.30 28,646.06 17,452,043.80 17,507,407.50 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 2,911.46 25,000,000.00 25,032,575.00 DTD 05/18/2009 0.323% 05/18/2011 FNMA STEP CPN NOTES (CALLABLE) 3136FHR76 16,000,000.00 AAA Aaa 05/11/09 05/27/09 15,985,600,00 1.05 15,111.11 15,989,850.08 16,025,000.00 DTD 05/27/2009 1,000% 05/27/2011 FHLB TAP BONDS 3133XBYA7 25,000,000.00 AAA Aaa 07/23/08 07/24/08 25,158,250.00 4.01 61,979.17 25,082,012.00 26,125,000.00 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 3.10 339,062,50 25,310,717.50 26,132,812.50 DTD 06/25/2008 3,875% 08/25/2011 FFCB BONDS 31331YZ86 50,000,000.00 AAA Aaa 11/04/08 11/05/08 50,894,000.00 3.20 678,125.00 50,536,233.00 52,265,625.00 DTD 06/25/2008 3.87E/o 08/25/2011 FNMA NOTES (CALLABLE) 3139BAZHB 25,000,000.00 AAA Aaa 11/24/09 11/25/09 25,106,250.00 1.02 80,729A7 25,093,660.50 24,929,687.50 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 68,750,00 25,000,000,00 25,070,312.50 DTD 10/19/2009 1.375% 10/19/2011 FHLB NOTES (CALLABLE) 3133XV6N6 25,000,000.00 AAA Aaa 10/23/09 1026109 24,997,500.00 1.38 68,750.00 24,997,732.00 2S,070.312.50 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 4,485.63 25,000,000.00 24,984,750.00 DTD 11/02/2009 0.215% 11/02/2011 FHLMC NOTES (CALLABLE) 3128X9KO2 25,000,000,00 AAA Aaa 10/29/09 11/10/09 24,975,000.00 1.25 42,500.00 24,976.754,25 24,900,750.00 DTD 11/10/2009 1.700% 11/10/2011 ryf Account 76990800 Page 13 qR� PFM Asset Management LLC OOM._� Managed Account Detail of Securities Held For the Month Ending December 31, 2009 SAN BERNARDINO COUNTY - 76990800 Security Type/Description S&P Y� Mood s Trade Settle Original YTM Accrued Amortized Market Dated Date(coupon(Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal Agency Bond t 14ote 31ZBX9K02 25,000,000.00 AAA Aaa 10/29/09 llflo/09 24,975,000.00 1.25 42,500.00 24,976,754.25 24,900,750.00 FHLMC NOTES (CALLABLE) DTD 11/10/2009 1.200% 11/10/2011 FHLB NOTES (CALLABLE) 3133XVWS6 25,000X00.00 AAA Aaa 11/30/09 12/09/09 24,987,500.00 1.08 16,041.67 24,987,879,00 24,835,937.50 DTD 12/09/2009 1,050% 12109/2011 FHLB NOTES (CALLABLE) 3133XVYX3 25,000,000,00 AAA Aaa 12/11/09 12/21/09 24,947,500.00 1.16 7,291.67 24,948,222.75 24,796,675.00 OTD 12/21/Z009 1.050% 12/21/2011 FFCB NOTES (CALLABLE) 3133IG607 25,000,000.00 AAA Aaa 12/IS/09 12/23/09 25,000,000.00 1.05 5,833.33 25,000,000.00 24,882,812,50 DTD 12/23/2009 1.050% 12/23/2011 FNMA NOTES (CALLABLE) 3136F95V1 25,000,000.00 AAA Aaa 06/05/09 06/08/09 25,045,500.00 2.12 225,083.33 25,006,242.25 25,039,062.50 DTD 02/03/2009 2.190% 02/03/2012 FHLB NOTES 3133XWFP9 Z5,000,000.00 AAA Aaa 12/29/09 12/30/09 24,854,250.00 1,33 5,104.17 24,854,434.50 24,851,562.50 DTD 12/24/2009 1.050% 02/24/2012 FHLMC (CALLABLE) NOTES 3128XBS52 25,000,000.00 AAA Aaa 06/11/09 0629109 25,000,000.00 2,45 3,402.78 25,000,000.00 25,195,175.00 DTD 06/29/2009 2.450% 06/2912012 FNMA NOTES (CALLABLE) 3136FHN27 40,850,000.00 AAA Aaa 07/15/09 07/16/09 40,876,144.00 2.10 397,861.98 40,864,222.74 41,118,076.13 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 1.91 384,027.78 49,798,374.50 50,046,875,00 OTD 07/23/2009 1.750% 08/22/2012 FHLMC NOTES 3137EACE7 25,000,000.00 AAA Aaa 12/22/09 1223/09 25,393,000.00 1.54 213,975.69 25,389,920.00 25,Z65,625.00 DTD 08/06/2009 2.125% 09/21/2012 FHLB STEP -NOTES (CALLABLE) 3133XUZUO 50,000,000.00 AAA Aaa 09/29/09 09/30/09 50,050,000.00 2.26 189,583.33 50,024,000,00 50,109,37S,00 DTb 09/3012009 1.500% 09/25/2012 FHLB NOTES 3133XVNT4 25,000,000.00 AAA Aaa 1401/09 12/02/09 25,216,250.00 1.46 69,270.63 25,210,6S0.50 24,875,000.00 DTD 11/04/2009 1.750% 12/14/2012 FHLB NOTES 3133XVNT4 25,000,000.00 AAA Aaa 12/04/09 12/07/09 25,039,500.00 1.70 69.270.83 25,038,687.50 24,875,000.00 DTD 11/04/2009 1.750% 12/14/2012 FHLMC NOTES (CALLABLE) 3128X9PN4 25,000,000.00 AAA Aaa 12/02/09 12/17/09 25,016,250.00 1.68 16,527,78 25,015,620.75 24,679,700.00 DTD 12/17/2009 1.7009/012/1712012 Account 76990800 Page 14 =PFSI _u PFM Asset Management LLC .ANI Managed Account Detail of Securities Held For the Month Ending December 31, 20D9 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 FHLMC NOTES (CALLABLE) 3128X9PN4 50,000,000.00 AAA Aaa IM4109 12/17/09 49,815,000.00 1.83 33,055.56 49,817,344.00 49,359,400.00 OTD 17/17/2009 1.700% 12/17/2012 FFCB NOTES 313313AB9 25,000,000.00 AAA Aaa 12/21/09 1224/09 24,930,000.00 1.72 7,899.31 24,930,444.00 24,796,875.00 DTD 12/24/2009 1,625% 12/24/2012 FNMA NOTES (CALLABLE) 3139BAB76 25,000,000.00 AAA Aaa 12/15/09 12/28/09 24,890,000.00 1.90 3,645.83 24,890,298.25 24,789,062.50 DTD 12/28/2009 1.750% 12/28/2012 Security Type Sub -Total 2,686,182,000.00 2,71S,610,141,57 2,01 16,200,764.81 2,698,912,812.24 2,719,266,290.14 Commercial Pap er CALYON NORTH AMERICA INC COMM PAPER 13170SA47 50,000,000.00 A-1+ P-1 12/30/09 12/30/09 49,999,236.11 0.11 0.00 49,999,541.50 49,999,300.00 -- 0.000% 01/04/2010 CALYON NORTH AMERICA INC COMM PAPER 13170SA47 50,000,000.00 A-1+ P-1 12/30/09 12/30/09 49,999,236.11 0.11 0.00 49,999,541.50 49,999,300.00 — 0.000% 01/04/2010 BNP PARIBAS FINANCE INC COMM PAPER 0556NSAT0 25,000,000.00 A-1+ P-1 10/27/09 1027/09 24,985,305.S6 023 0.00 24,995,847.25 24,997,125.00 — 0.000% 01/27/2010 SVENSKA HANDELSBANKEN INC COMM 8695BUAT1 50,000,000.00 A-1+ P-1 1028/09 10/28/09 49,972,194.44 0.22 D.00 49,992,055.50 49,9941250.00 PAPER — 0 000% 01/27/2010 CBA (DE) FINANCE COMM PAPER 12478KAU7 25,000,000.00 A -I+ P-1 10/27/09 30/28/09 24,987,222.22 0,20 0.00 24,996,250.00 24,998,050.00 — 0.000% 01/28/2010 BNP PARIBAS FINANCE INC COMM PAPER 0556NSAV5 25,000,000.00 A -I+ P-1 10/27109 10/27/09 24,984,986.11 0.23 0.00 24,995,527.75 24,996,82S.00 -- 0.000% 01/29/2010 BNP PARIBAS FINANCE INC COMM PAPER 0556N1B10 50,000,000.00 A -I+ P-1 12/30/09 12130/09 49,993,583.33 0.14 0.00 49,993,972.00 49,992,850.00 — 0.000% 02/01/2010 SVENSKA HANDELSBANKEN INC COMM 86958UCV4 50,000,000.00 A-1+ P-1 12/29/09 12/29/09 49,976,250.00 0.19 0.00 49,977,041.50 49,974,450.00 PAPER -- 0,000% 03/29/2010 Security Type Sub -Total 325,000,000.00 324,898,013.88 0.17 0.00 324,949,777.00 324,952,150.00 Account 76990800 Page 15 �PPM Asset Management UC ,= PFM'. Managed Account Detail of Securities Held For the Month Ending December 31, 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 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 6,250.00 50,000,000.00 50,000,215.00 DTD 12/02/2009 0.1500/a 01/04/2010 BNP PARIBAS SF CERT DEPOS 055660G35 50,000,000.00 A-1+ P-1 12/01/09 12/01/09 501000,000.00 0.18 7,750.00 50,000,00D.00 50,000,380,00 DTD 12/01/2009 0.180% 01/04/2010 CALYON NY CERT DEPOS 13170MCA4 50,000,000.00 A-1+ P-1 12/29/09 12/29/09 50,000,416.42 0.15 6,250.00 50,000,291.50 50,000,610.00 DTD 12/07/2009 0.180% 01/08/2010 CALYON NY CERT DEPOS 13170MCA4 50,000,000.00 A-i+ P-1 12/29/09 12/29/09 50,000,416.42 0.15 61250.00 50,000,291.50 50,000,610.00 DTD 12/07/2009 0.180% 01/08/2010 TORONTO DOMINION NY CERT DEPOS 891IA36XS 50,000,000,00 A-1+ P-1 17/30/09 12/30/09 50,000,000.00 0.12 333.33 50,000,000.00 49,996,383.50 DTD 12/30/2009 0.120% 02/01/2010 BNP PARIBAS SF CERT DEPOS 055660G84 50,000,000.00 A-1+ P-1 12/08/09 12/10/09 50,000,000.00 0.20 6,111.11 50,000,000.00 49,999,577,50 DTD 12/1012009 0.200% 02/10/2010 RABOBANK NEDERIAND NV NY CERT DEPOS 749777DX7 50,000,000.00 A-1+ P-1 12/09/09 12/09/09 50,000,000.00 0.19 6,069.44 50,0001000.00 49,996,287.00 DTD 12/09/2009 0.190% 03/10/2010 Security Type Sub -Total 350,000,000.00 Managed Account Sub -Total 4,530,873,000.00 Securities Sub -Total $4,530,873,000.00 Accrued Interest Total Investments Agp--r-II '` PFM Asset Management LLC 350,000,832.84 0.16 39,013.88 350,000,583.00 349,994,063.00 4,563,307,248.18 1.39 18,999,445.36 4,547,663,890.34 4,570,512,670.09 $4,563,307,248.18 139% $18,999,445.36 $4,547,663,890.34 $4,570,512,670.09 $18,999,445.36 $4,589,S12,115.45 Account 76990800 Page 16 LAIF Regular Monthly Statement Page l of 1 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 Type Definitions Account Summary Total Deposit: Total Withdrawal: www.treasurer.ca.gov/Dmia-laif January 12, 2010 PMIA Average Monthly Yields Account Number: 98-36-151 December 2009 Statement 0.00 Beginning Balance: 0.00 Ending Balance: 39,588,757.91 39,588,757.81 i.t+„� • !/1 a; Fm e froa e�ttar on aner/R Pol ll nrCtAtP.rne..nf-n Snx 1 /12/2010 IDescription 1 IUnited States Treasury: I Bills Notes I Federal Agency: I SBA I MBS-REMICs I Debentures I Debentures FR I Discount Notes I FHLMC PC I GNMA I IIBRD Deb FR I ICDs and YCDs FR (Bank Notes ICDs and YCDs (Commercial Paper I (Corporate: I Bonds FR I Bonds I (Repurchase Agreements IReverse Repurchase I Time Deposits I NOW Account JAB 55 & GF Loans I (TOTAL State of California Pooled Money Investment Account Market Valuation 12/31 /2009 Carrying Cost Plus accruedInterest Pu'rch. 1 $ 18,180,532,754.95 1 $ I $ 6,963,540,150.24 I $ I I 1 ! I $ 555,758,748.19 I $ I $ 891,287,839.18 t $ I $ 1,610,214,125.73 1 $ I $ 1,939,948,015.82 1 $ I $ 8,312,516,085.84 1 $ I$ - 1$ I $ 105,784.31 1 $ I I I $ 300,000,000.00 1 $ i I I$ I$ t$ I$ 1 $ 6,465,063,285.92 1 $ 1 $ 5,046,651,763.39 1 $ I t 1 $ 188,887,715.04 1 $ I$ i$ I I I$ I$ I$ I$ I I $ 4,375,800,000.00 I $ I$ I$ I $ 12,346,812,173.81 I $ 1 $ 67,177,118,442.42 1 $ Fair Value Including Accrued Interest Amortized Cost I I 18,202,021,798.70 1 $ 6,962,514,433.06 1 $ 555,749,180,58 1 $ 891,287,839.18 1 $ 1,610,214,125.73 1 $ 1,939,948,015.82 I $ 8,319,293,088,71 1 $ - I$ 105,784.31 1 $ 1 300,000,000.00 1 $ 1 I$ I$ 6,465,053,952.59 ( $ 5,048,166,933.93 I $ 1 188,887,715.04 1 $ I$ I i$ I$ 4,376,800,000.00 I $ I$ 12,346,812,173.81 1 $ 67,205,855,041.47 1 $ Fair Value I 1 18,210,321,950.00 1 6,967,024,000.00 1 546,479,189.67 1 $ 933,016,165.51 1 $ 1,622,739,980.00 1 $ 1,940,239,500.00) $ 8,324,225,500.00 I - I$ 117,914.35 I $ 300,456,000.00 1 $ I$ I$ 6,465,264,691.25 1 $ 5,048,376,783.63 1 188,680,551.28 1 $ - Is - 1$ 4,375,800,000.00 1 12,346,812,173.81 1 1 67,269,554,399.50 1 $ $ 67,828,810,101.37 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Accrued Interest NA 8,938,953.83 I 694,632.84 I 4,235,617,00 I 543,017,884.38 ) 281,822,80 ) NA 1 1,042.17 1 I 283,181.08 I I - j 1,833,418.04 NA I t 69,149`73 I NA I NA NA NA I 559,255,701.87, The value of each participating dollar equals the fair value divided by the amortized cost (1.000947825). As an example: if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAIF valued at $20,018,956.49 or $20,000,000.00 x 1.000947825.