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05-11-2010 CC Rpt A06 COUNCIL AGENDA STAFF REPORT CITYCLERK USE ONLY � ECEIVED Meeting Date: May 11. 2010 2010 MAY —3 AM 3: 2 I Public Hearing: ❑0// OFFICE OF City CLERK ., Discussion Item: ❑ CHINO HILLS Consent Item: MAY 4, 2010 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR MARCH 2010 RECOMMENDATION: 1. Approve the Treasurer's Report for March; 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 March 2010 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $147,198,398.21. 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. g U/ AGENDA DATE: MAY 11, 2010 SUBJECT: TREASURERS REPORT FOR MARCH 2010 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 remaining three months of the 2009/10 fiscal year. It is anticipated that a budget for fiscal year 2010/11 will be provided for City Council consideration by June 30, 2010. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Respectfully submitted, Recommended by: //-Z-do/- 4(1/9 1 • /11, /4 Michael S. Fleagr'r, City Manager Ju# F`(. Lancaster, Finance Director MSF:JRL:PS:gm Attachment EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT MARCH 2010 I. Funds Held by City and Fiscal Agents: A. Funds Held by City: Market Investments Cost Value San Bernardino County Pooled Funds of Investments (SBCPFI) $ 47,663,034.27 $ 47,850,409.41 Los Angeles County Pooled Funds of Investments (LACPFI) 44,836,789.10 (3) (1) State of California Local Agency Investment Fund (LAIF) 39,649,249.34 39,696,158.01 Total Investments 132,149,072.71 (2) Cash Bank of America- Checking 801,365.70 801,365,70 Bank of America- Payroll 10,000.00 10,000.00 Wells Fargo Bank-Credit Card 87,980.82 87,980.82 Total Cash in Bank 899,346.52 899,346.52 Petty Cash 2,800,00 2,800,00 Total Cash 902,146.52 902,146.52 Total Funds Held by City 133,051,219.23 (2) B. Funds Held by Fiscal Agents: U.S. Bank 14,147,178.98 14,147,178.98 Total Funds Held by Fiscal Agents 14,147,178.98 14,147,178,98 Total Funds Held by City and Fiscal Agents $ 147,198,398.21 (2) II. Estimated Composite Investment Earnings Rate: _ 1.12% (Actual Investment Earnings Rate for LAW: 0.56%, and Estimated Investment Earnings Rate for SBCPFI: 1,19%and for LACPFI : 1.52%) III. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 03/01/10 Receipts Disbursements 03/31/10 General Fund $ 28,227,069.85 $ 1,522,594.67 (2,768,378.51) $ 26,981,286.01 Water Funds 30,581,707.89 1,426,900.66 (731,937,97) 31,276,670.58 Sewer Funds 18,040,814.42 542,619.06 (362,071.20) 18,221,362.28 Parks & Landscape 8,958,039.17 408,707.55 (797,867.55) 8,568,879.17 Development Funds 10,523,352.28 65,961.62 (19,701.80) 10,569,612.10 Comm. Facilities Dist. 32,397,359.27 315,372.01 (1,524,517.54) 31,188,213.74 Assessment Districts 5,558,354.13 28,332.08 (342,338.43) 5,244,347.78 Miscellaneous Funds 15,591,918.45 1,766,591.89 (2,210,483.79) 15,148,026.55 Total $ 149,878,615.46 $ 6,077,079.54 $ (8,757,296.79) $ 147,198,398.21 EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT MARCH 2010 Page 2 of 2 IV.Funds Held by Deferred Compensation Providers- Market Month Ending March 2010 Value ING Life Insurance and Annuity Company 2,443,424.71 ICMA 4,959,386.44 Total Funds Held by Deferred Compensation Providers 7,402,811.15 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 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 remaining three months of the 2009/10 fiscal year. It is anticipated that a budget for fiscal year 2010/11 will be provided for City Council consideration by June 30, 2010. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. It J •y Lan, ster r nance Director/City Treasurer City of Chino Hills Treasurer's Report Worksheet II General II Water 1 Sewer H Parks 8, it Development ;i Comm. Facilities II Assessment ! Miscellaneous II II Fund II Funds I Funds II landscape II Funds II District II Districts I Funds II Total Funds Held by City: li II I 'I Ii ;i 'i I li Beginning Book Balance @ 3/01/10 II 24,101,464.29 II 29,689,920.39 I 18,040,814.42 I 8,958,039.17 II 10,523,352.28 II 23,646,285.33 I 2,891,815.98 1 15,591,918.45 II 133,443,610.31 li it I 1 ii l! I I I' Cash Receipts II 1,522,594.67 II 1,426,900.66 I 542,619.06 I 408,707.55 t 65,961.62 II 315,372.01 I 28,332.08 I 1,766,591.89 11 6,077,079.54 li II Il i II II I I II Cash Disbursements II (2,246,068,32)11 (731,837.97)1 (362,071.20)1 (797,867.55111 (19,701.80)11 (40,915.06)1 (65,155.93)1 (2,210,483.79)11 (6,474,101.621 II 4 I I II II I II !I Journal Entries For Month II II I li i1 i1 ! ,! 0,00 I! II I II II II I I II Ending Book Balance gA 3/31/10 II 23,377,990.64 it 30,384,983.08 I 18,221,362.28 it 8,568,879.17 it 10,569,612.10 11 23,920,742.28 1 2.854,992.13 I 15,148,026.55 ;i 133,046,588.23 II !I1 II II II II Reconciling Transactions ii 4,731,00 ;! (100.00)1 II 'l !i l II 4,631.00 II II 1 II II II 1 II Ending Bank Balance Funds Held by City ! 23,382,721.64 ii 30.384,883.08 I 18,221,362.28 H 8,568.879.17 !I 10.569.612.10 " 23.920,742.28 2,854,992.13 I 15,148.026.55 II 133.051.219.23 II l II LI i I "' Il I II II I I II Funds Held by Fiscal Agent: I II li II ii 1 !I Beginning Book Balance @ 3/1/10 I 4,125,605,56 II 891,787.50 it 0,00 II 0.00 Ii 0.00 I 8,751,073.94 2.666,538.15 I 0.00 II 16,435,005,15 II I 1. li it Cash Receipts ! 0,00 II 0.00 I 0.00 II 0.00 II 0.00 0.00 0.00 0.00 II 0.00 it !; I 'I '! ! ; II Cash Disbursements II (527,041,19)11 0.00 I 0.00 II 0.00 II 0.00 I (1,483,602.48) (277,182.50)1 0.00 II (2,287,826.17) if 'l I !; 11 I 1 ll Journal Entries For Month II 0,00 li I II i I 0.00 II 0.00 u I i1 I II Ending Book Balance @ 3/31/10 II 3,598,564.37 II 891,787.50 I 0.00 II 0.00 0.00 i 7,267,471.46 I 2,389,355.65 0.00 Ii 14,147,178.98 II II I II I I II Reconciling Transactions II (I i- it ! I 0.00 li 0.00 !I II I II I ! li Ending Bank Balance Funds Held by FIA I 3.598,564.37 ii 891,787.50 I 0.00 li 0.00 H 0.00 I' 7.267.471.46 II 2,389.355.65 0.00 II 14,147,178.98, li II II II I l Ii ii ii li I! I I I !I II II II II II I HI Summary of Cash Balances: !! 11 II Il I I I II Beginning Cash Balance II ll !I 11 I I I Ii Funds Held by City II 24,101,464.29 II 29,689,920.39 18,040,814.42 II 8,958,039,17 II 10,523,352.28 I 23,646,285.33 I 2,891,815.98 1 15,591,918.45 II 133,443,610.31 Funds Held by Fiscal Agent it 4,125.605,56 II 891,787.50 ! 0.00 N 0,00 ii 0,00 it 6.751,073.94 ; 2,666,538.15 !i 0.00 !! 116,435,005.15 Total Beginning Cash Balance II 28,227.069.85 II 30,581,707.89 I 18,040,814.42 II 8.958.039.17 II 10.523.352.28 II 32 397.359,27 I 5,558,354.13 I 15 591,918.45 II 149,878,615,46 it ii II I I II Ending Cash Balance II II I II II II I I II Funds Held by City 5 23.382,721.64 it 30,384,883.08 I 18,221,362.28 II 8,568,879.17 II 10,569,612.10 II 23,920,742.28 I 2,854,992.13 I 15,148,026.55 II 133,051,219.23 Funds Held by Fiscal Aoent !I 3,598,564.37 II 891,787.50 I 0.00 II 0.00 II 0.00 II 7,267 471.46 I 2.389,355.65 ! 0.00 7 14.147,178.95 Total Ending Cash Balance 11 25.981,286,01 :I 31,276.670.58 I 18,221,362.28 II 8.568,879.17 II 10.569.612.10 II 31,188,213.74 I 5,244,347.78 I 15,148,026.55 II 147.198,398.21 • #...##...•#*.*+.*.'.44ie4i.414***4**4-444*+*44***4+444;4-444***44iei+*14#+*Ar.#4**** *4**4*4#***4*4*4**.4*.4#444***++44+*******44+ • tk*4#*4!#**4+4+#444*4*#+***b**#i*4#*i*+i**1.*+41'**T#*44'4:*ki'**#*'+*#*#444#*44'*+*A4'*#4A'ro***A4'+#*4*+#'44**+4+Y*#44*Mt'+444 J; 4 * - REPORT CODE NAME: FZ360 * * * * * * REPORT DISTRIBUTION SYSTEM * FINAL REPORTS FOR MARCH, 2010 * 4 * * * * EXPENDITURE DETAIL TRANSACTIONS I.• i444********a+*#A*14###*##*#44.#+*4**+#4i*4*#*O+*+;*44+*#**x****44.44****i;i#t#*4**;+4+*4******#*;4+#4-4444.4#B**#*k**4*4.+* *+*44*++**4#*+4*4+**ii*Yµ*4**u****#i**;**4+44*+*4*4***4****+4+*##4#+*4#*i*******4**##***44***4*4#***+4**p4*#**x***4****N*+*.**#***#* CITY OF CHINO HILLS (CMO02 ) PACKET PAGE NUMBER 1 ** PGM : FZ360 DETAIL EXPENDITURE TRANSACTION LISTING BY OBJECT CODE PAGE: 7443 TIME; 23:02:27 ACCOUNTING PERIOD 09 - 03,1,030 DATE; 04/01/2010 FUND/DEPT/ORGI: SED OBJECT/ BUDGET/ TR DATE ORG ORO TRANSACTION 10 DESCRIPTION/VENDOR EXPENDITURES ENCUMBRANCES PRE-ENCUMBRANCES REMAINING BUDGET *4* NO ACTIVITY FOR THIS PERIOD 4** 5ED BEGINNING HAL - CASH IN COUNTY TREASURY 47,663,034.27 SED ENDING BAL - CASH IN COUNTY TREASURY 47,663,034.27 CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER ** 0i bI" San Bernardino County Pool Summary (as of 3/31/10) 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 496,000,000.00 496,000,000.00 495,986,599.65 11.0% 0.18% 27 0.07 Collateralized CD 0.00 0.00 0.00 0,0% Commercial Paper 340,000,000.00 339,977,397,95 339,976,788.88 7.5% 0.13% 14 0.04 Corporate Notes 0.00 0.00 0.00 0.0% Federal Agencies 2,877,773,000.00 2,887,413,007.38 2,904,440,511,45 64.3% 1,69% 432 0.91 Money Market Funds 125,000,000.00 125,000,000.00 125,000,000.00 2.8% 0.03% 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 147,100,000.00 148,178,823.14 148,598,825.20 3.3% 1.14% 479 1.29 U.S.Treasures 495,000,000.00 499,347,925.25 500,739,060.00 11.1% 0.68% 344 0.93 Total Securities 4,480,873,000.00 4,495,917,153.72 4,514,741,785.18 100.0% 1,23% 336 0.77 Cash Balance 192,546,547.42 192,546,547.42 192,546,547.42 TAGP/FDIC NOW Balance 100,000,000,00 100,000,000,00 100,000,000.00 Total Investments 4,773,419,547.42 4,788,463,701.14 4,807,288,332,60 Accrued Interest 16,219,139.28 16,219,139.28 Total Portfolio 4,773,419,547.42 4,804,682,640,42 4,823,507,471.88 I Yield for(he money matter Rids is a'ueighled average or The month-end yields for the Federated,Goldman,and Fidelity money market funds. 2.Statistics for the total portfolio include money market funds. 3.Market prices are derived from closing bid prices as of the last business day of the month as supplied by F.T.Interactive Data,Bloomberg,or Telerate. Prices that Tall bot.een dale points are interpolated. 11 asagraira PP:M" Managed Account Summary Statement For the Month Ending March 31,2010 SAN BERNARDINO COUNTY -7699Q8fl0 ransac lon unlntary';y anage 'ccoun •-_ ,- r Jun i u i u 1 uui. �i� u u I �_ i ' ,y iu � i�i, d Opening Market Value $4,381,959,125.20 Maturities/Calls 6,073,107,691.56 Maturities/Calls (6,073,000,000.00) Sale Proceeds 5,000,000.00 Principal Dispositions (5,000,000.00) Coupon/Interest Income 10,045,485.63 Principal Acquisitions 6,194,799,557.47 Principal Payments 0.00 Security Purchases (6,195,057,936.85) Unsettled Trades 25,000,000.00 Change in Current Value (9,016,697.49) Net Cash Contribution 106,904,759.66 Reconciling Transactions 0.00 Closing Market Value $4,514,741,785.18 Earnings,•econciliation(Cash Basis waanage; ccoun - -- Interest/Coupons Received 10,153,177.19 Closing Cash Balance $0.00 Less Purchased Interest Related to Interest/Coupons (258,379.38) Plus Net Realized Gains/Losses (202,092.71) Total Cash Basis Earnings $9,692,705.10 Earnings Reconciliation(Accrual Basis) Tatar...- Ending otal Ending Amortized Value of Securities 4,495,917,153.72 Ending Accrued Interest 16,219,139.28 Plus Proceeds from Sales 5,000,000.00 Plus Proceeds of Maturities/Cells/Prinapal Payment= 6,073,107,691.56 Plus Coupons Received 10,045,485.63 Less Cost of New Purchases (6,220,057,936.85) Less Beginning Amortized Value of Securities (4,355,770,145.92) Less Beginning Accrued Interest (19,984,871.35) Total Accrual Basis Earnings $4,476,516.07 PPM' Account 76990800 Page 1 PPM Asset Management LLC Air siatati ppm- '11 --- Portfolio Summary and Statistics For the Month Ending March 31, 2010 SAN-::BERN/RDINO.COUNTY 26990800 - ccount ummary ectorA ocatron, =5 Description Par Value Market Value Percent Cert of Deposit U.S.Treasury Bond/Note 495,000,000.00 500,739,060.00 11.09 US TSY Bond/Note 10.99% U.S.Government Supported Corporate 147,100,000.00 148,598,825.20 3.29 11.09% Commercial Paper US upported 453,0::::::P:::=,1;:.� 7.53% Debt Money Market Fund 125,000,000.00 125,000,000.00 2.77 Corpp 3.29°/o ��p�s0 $,��\��2 � \\\` Federal Agency Discount Note 366,591,000.00 366,060,849.37 8.11 Mny Mkt Fund + "r` �i \�, Federal Agency Bond/ Note 2,511,182,000.00 2,538,379,662.08 56.22 2.77% ` `as�� Commercial Paper 340,000,000.00 339,976,788.88 7.53 Fed Agy ON • ,. %.,` Certificate of Deposit 496,000,000.00 495,986,599.65 10,99 B.11% - -- Managed Account Sub-Total 4,480,873,000.00 4,514,741,785.18 100.00% - - Accrued Interest 16,219,139.28 _____7:1- - Total Portfolio 4,480,873,000.00 4,530,960,924.46 - Fed Agy Bond/ Note 56,22% Unsettled Trades 25,000,000.00 24,997,621.25 ' Maturrty�Drs"t«bution '-_ ` `characteristics Yield to Maturity at Cost 1.23% 40.26°A Yield to Maturity at Market 0.65% Duration to Worst 0.77, 25.05% Weighted Average Days to Maturity 336 22.14% 12.55 0,00% 0.00% 0.00% 0-6 Months 6-12 Months 1-2Years 2-3Years 3-4Years 4-5Years Overs Years ., .. .... Account 76990800 Page 2 =PEW 1C PFM Asset Management LLC rate PFM` Managed Account Issuer Summary For the Month Ending March 31,2010 SAN BERNARDINO COUNTY 76990800 Credit Quality(S&P Ratings) . Market Value Issuer of Holdings Percent A-1 BNP PARIBAS 199,991,001.60 4.43 TSY 0.66% L[i IGROUP INC 50,368,175.00 1.12 11.09% A-1+ CREDIT AGRICOLE SA 155,998,974.23 3.46 AAAm .;. '. i 25.96% FANNIE MAE 714,779,874.13 15.83 2' 0 "' 43 FEDERAL FARM CREDIT BANKS 583,859,074.38 12.93 FEDERAL HOME LOAN BANKS 863,010,548.44 19.11 j FEDERATED INVESTORS INC 21,440,000.00 4.47 t " FIDELITY INSTITUTIONAL FUND 54,000,000.00 1,20 -_ - - FREDDIE MAC 742,791,014.50 16.44 \\\ GENERAL ELECTRIC CO 47,667,300.20 1.06 \-- f 3P A SACKS GROUP INC 100,563,350.00 2.23 l\ JP MORGAN CHASE&CO 29,999,850.00 0.66 NORDEA BANK AB 174,987,198.70 3.88 RABOBANK NEDERLAND 49,998,330.00 1.11 59. ROYAL BANK OF CANADA 49,996,651.50 1.11 SVENSKA HANDELSBANKEN 49,996,267.25 1.11 TORONTO-DOMINION BANK 99,997,494.00 2.21 UNITED STATES TREASURY 500,739,060.00 11.09 WES i PAC BANKING CORP NY 24,997,621.25 0.S5 Total $4,514,741,785.18 100.00010 =Pl'lt Account 76990800 Page 3 PFM Asset Management LLC Ass— imsaara PFM- man Managed Account Detail of Securities Held For the Month Ending March 31,2010 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 US TREASURY NOTES 9128283F8 25,000,000.00 TEY TSY 07/01/09 07/02/09 25,592,773.43 0.55 113,950.28 25,183,750.50 25,212,900.00 DTD 07/31/2008 2.750%07/31/2010 US TREASURY NOTES 912828330 25,000,000.00 TSY TSY 07/20/09 07/21/09 25503,906,25 0.55 51,630.43 25.187,613.50 25,221,675.00 DTD 08/31/2008 2.375%08/31/2010 US TREASURY NOTES 912828330 50,000,000.00 TEY 1SY 12/09/09 12(10/09 50,777,343.75 0,22 103,260.87 50,445,476,00 50,443,350.00 0?0 08/31/2008 2.375%08/31/2010 US TREASURY NOTES 9128283P6 25.000,000.00 1SY TSY 07/28/09 07/29/09 25,258,789.05 0.67 157,458.56 25,119,864.50 25,173,825,00 DID 10/31/2008 1.500%10/31/2010 US TREASURY NOTES 912828350 25,000,000.00 TSY TSY 08/03/09 08/04/09 25,159,179.68 0.76 104,739.01 25,080,237.00 25,153,325.00 DTD 11/30/2008 1,250%11/30/2010 US TREASURY NOTES 9128283V3 25,000,000.00 1'SY TSY 11/04/09 11/05/09 25,112,304.69 0.48 54,989.64 25,073,044.00 25,097,650.00 OTD 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 54,989.64 25,085,607.75 25,097,650.00 DTD 12/31/2008 0.875%12/31/2010 US TREASURY NOTES 912828.3Y7 25,000,000.00 TSY TSY 01/27/10 01/28/10 25,130.859.38 0,35 36,256.91 25,108,309.00 25,101,550.00 DTD 01/31/2009 0.875%01/31/2011 US TREASURY NOTES 9128283Y7 25,000,000.00 TEY TSY 03/09/10 03/10/10 25,115.234.38 0,36 36,256.91 25,107,418.25 25,101,550.00 0T0 01/31/2009 0.875%01/31/2011 US TREASURY NOTES912827614 20,000,000.00 1SY TSY 12/28/09 12/29/09 20,990,625.00 0.60 124,309.39 20,767,958,40 20,805,460.00 DM 02/15/2001 5.000%02/15/2011 US TREASURY NOTES 912828KE9 25,000,000.00 TSY TSY 12/04/09 12/07/09 25.118,164.06 0.49 19,021,74 25,087,849.75 25,102.550.00 DTD 02/28/2009 0.875%02/28/2011 US TREASURY NOTES 912828KE9 25,000,000.00 TSY TSY 02/17/10 02/18/10 25.127,929.69 0.38 19,021.74 25,113,686,25 25,102,550.00 DM 02/28/2009 0.875%02/28/2011 US TREASURY NOTES 912828E43 25,000,000.00 TSY TSY 01/12/10 01/13/10 26,283.203.13 0.49 3,244.54 26,056960,75 26,067,375.00 DID 03/31/2006 4.750%03/31/2011 US TREASURY NOTES 912828KL3 50,000,000.00 TSY TSY 12/22/09 12/23/09 50,175,781.25 0.61 183,701.66 50,140,414.50 50,205,100,00 DTD 04/30/2009 0.875%04/30/2011 =— Account 75990800 Page 4 w PFM Asset Management I J C PP'M Managed Account Detail of Securities Held For the Month Ending March 31, 2010 SAN SERNAR€�INO COUNTY _76490&GO' 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 -U.S Treasury 64nd/Note - - - - US TREASURY NOTES 912828FN5 25,000,000.00 TSY TSY 0723/09 07/24/09 26,906,250.00 1.05 202,002.76 26,263,808.00 26,415,050.00 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 41,436.46 24,933,299.50 25,128,900.00 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 52,037.29 9,972,823.70 10,061,720.00 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 52,037.29 9,919,842.40 10,061,720.00 DID 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 52,037.29 9,925,536.70 10,061,720.00 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 52,037,29 9,882,124.30 10,061,720.00 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 52,037.29 9,892,300.50 10,061,720..00 DTD 05/15/2009 1.375%05/15/2012 Security Type Sub-Total 495,000,000.00 501,721,289.06 0.68 1,566,456.99 499,347,925,25 500,739,060.00 U;§ CrovernmentSupported corporate Det _ LI I'GROUP FUNDING INC(FDIC)FLOAT 17314AAA0 25.000,000.00 MA ma 01/30/09 02/04/09 25,016,950,00 1.23 14,773.44 25,000,000.00 25,011,400,04 MIN DID 01/30/2009 0.349%07/30/2010 GENERAL ELEC CAP CORP(FDIC)GLOBAL 36967HAM9 22,100.000.00 MA Ma 11/20/09 11/23/09 22,144,398.90 0.22 4,325.15 22.131.135.14 22,135,625.20 FRN DTD 03/12/2009 0.336%03/11/2011 GOLDMAN SACHS GROUP INC(FDIC)GL 38146FAF8 25,000,000.00 MA Aaa 01/23/09 01/28/09 24,931,500.00 1.74 85,763.89 24,963,819.50 25.281,675.00 NOTES DTD 01/21/2009 1.625%07/15/2011 GOLDMAN SACHS GROUP INC(FDIC)GL 38146FAF8 25,000,000,00 AAA Aaa 07/29/09 08/03/09 25,150,500.00 1.31 85,763.89 25,099,914.00 25,281.675.00 NOTES DTD 01/21/2009 1.625%07/15/2011 1 Account 76990800 Page 5 WPPtiPFM Asset Management LLC 4511C— PFM" Managed Account Detail of Securities Held For the Month Ending March 31,2010 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 U.S.Gogernment Supported Corporate Debt - ` " ,.. GENERAL LEC CAP CORP(FOIC)GLOBAL 36967HAN7 25,000.000.00 AAA Ma 03/11110 03/16/10 25557,750.00 1.11 29,687,50 25,546,163.50 25,531,675,00 NOTE DTD 03/12/2009 2.250%03/12/2012 CITIGROUP FUNDING INC CORP TLGP 17314AAF9 25,000,000.00 AAA ma 03/10/10 03/15/10 25,447,372.25 1,11 1,388.89 25,437.791.00 25,356,775.00 DTD 03/30/2009 2.000%03/30/2012 Security Type Sub-Total 147,100,000.00 148,248,471.15 1,14 221,702,76 148,178,823.14 148,598,825.20 Money Mar et!und = FEDERATED PRIME OBLIGATION MUTUAL 60934N203 1,000,000.00 AAAm Ma 08/27/08 08/27/08 1,000,000.00 0,03 0.00 1,000,000.00 1,000,000.00 FEDERATED GOVT OBLIGATIONS FUND 60934N104 20,000,000.00 AAAm Ma 01/27/10 01/27/10 20,000,000.00 0,03 0.00 20,000,000.00 20,000,000.00 GOLDMAN FS GOVERNMENT MM FUND 38141W273 50,000,000.00 AAAm Aaa 03/31/10 03/31/10 50,000,000.00 0.03 0.00 50,000,000,00 50,000,000.00 FIDELITY GOVT MM FUND 57 316175108 54.000.000.00 AAAm Ma 03/31/10 03/31/10 54,000,000.00 0.03 0.00 54,000,000.00 54,000.000,00 Security Type Sub-Total 125,000,000.00 125,000,000.00 0.03 0.00 125,000,000,00 125,000,000,00 Federal Agency Dlsaount +Note- ,.,, - , _ - - r FHLMC DISC NOTE 313397(34 25,000,000.00 A-1+ P-1 12/21/09 12/21/09 24,973,458,33 0.21 0.00 24,988,187.50 24,988,951.75 — 0.000%05/21/2010 FHLMC DISC NOTE 313397(34 25,000,000.00 A-1+ P-1 12/21/09 12/21/09 24,973,458.33 0,21 0.00 24,988,187,50 24,988,951.75 -- 0.000%06/21/2010 FHLMC DISC NOTE 313397(34 25,000,000.00 A-1+ P-1 12/21/09 12/21/09 24,973,458.33 0.21 0.00 24,988,187.50 24,988,951,75 — 0.000%06/21/2010 FNMA DISC NOTE 3135891L1 25,000,000.00 A-1+ P-1 12/23/09 12/23/09 24,973,458.33 0.21 0,00 24,987,895.75 24,986,608.00 -- 0.000%06/23/2010 FNMA DISC NOTE 313589YU1 50,000,000.00 4-1+ P-1 12/08/09 12/08/09 49,948,750.00 0.18 0.00 49,977,250.00 49,974,332.00 — 0.000%07/01/2010 FHLMC DISC NOTE 313397YU9 50,000,000.00 4-1+ P-1 12/23/09 12/23/09 49,943,263.89 0.22 0.00 49,972,826.50 49,974,332.00 -- 0.300%07/01/2010 FM Account 76990800 Page 6 PFM Asset Management LLC FM,. Managed Account Detail of Securities Held For the Month Ending March 31, 2010 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 Discount Note : ;- f y FHLMC DISC NOTE 313397G62 25,000,000.00 A-1+ P-1 02/18/10 02119/10 24,962,847,22 025 0.00 24,969,965,25 24,962,739.75 -- 0,000%09/21/2010 FNMA DISC NOTE 313589H89 41,591,000,00 A-1+ P-1 12/29/09 12/30/09 41,479,801.84 0,35 0,00 41,517,002,54 41,522,774.12 -- 0,000%10/01/2010 FHLMC DISC NOTE 313397P88 50,000,000,00 A-1+ P-1 01/27/10 01/27/10 49,885,27728 0.28 0.00 49,910,166,50 49.881.440.00 -- 0.000%11/18/2010 FNMA DISC NOTE 313588BW4 25.000,000,00 A-1+ P-1 03/02/10 03/02/10 24,910,326,39 0.37 0.00 24,918,034,75 24,895,80925 — 0.000%02/14/2011 FNMA DISC NOTE 313588827 25,000,000,00 A-1+ P-1 03/02/10 03/02/10 24,909,555.56 0,37 0.00 24,917,264.00 24,893,959.00 - 0,000%02/17/2011 Security Type Sub-Total 366,591,000.00 365,933,656.00 0.26 0.00 366,134,967.79 366,060,849.37 Federal,Agency,Bond/Note z ' - 14, FNMA GLOBAL BENCHMARK NOTES 31398APV8 25,000.000,00 .AAA Aaa 03/10/09 03/11/09 25,341,500.00 122 216,059.03 25,039,193.75 25,070,31250 DTD 04/11/2008 2.375%05/20/2010 FHLMC GLOBAL REFERENCE NOTES 3137EABH1 10,000,000.00 MA Ma 06/10/08 06/11/08 9,780,700.00 3.54 81,145,83 9,981,868.50 10.034.375.00 DTD 03/14/2008 2.375%05/28/2010 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MC50 2,110,000.00 AM Aaa 04/01/08 04/02/08 2,203.705.10 2.50 32,529.17 2,117,431.78 2,125,165.63 DTD 06/01/2005 4.625%06/01/2010 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MC50 3,255,000.00 AM Aaa 04/01/08 04/02/08 3,399,554.55 2,50 50,181.25 3,266,464,70 3,278,395.31 DTD 06/01/2005 4.625%06/01/2010 FHLB TAP BONDS 3133XBTH8 15,000,000.00 MA Aaa 06/05/08 06/06/08 15,303,300.00 3.21 194,791.67 15,029,999.40 15,117,18750 DTD 05/06/2005 4.250%06/11/2010 FHLB TAP BONDS 3133XR2Y5 25,000,000.00 AAA Aaa 01/27/09 01/28/09 25,597,500.00 1.23 229,166.67 25,085,323,50 25,132,812.50 DTD 04/29/2008 3.000%06/11/2010 FHLB TAP BONDS 3133XR2Y5 50,000,000.00 MA Aaa 12103/08 12/04/08 50,447,742.00 2.40 458,333,33 50,058,016.50 50,265,625.00 DTD 04/29/2008 3.000%06/11/2010 FNMA NOTES(EX-CALLABLE) 3136F5732 10,015,000.00 MA Aaa 04/02/08 04/03/08 10,433,627.00 2.66 135,098,18 10,055,522.79 10,102,631,25 DTD 06/16/2005 4.625%06/16/2010 PPMAccount 76990800 Page 7 PFM Asset Management LLC ,.sem-- semasareaansisi PFM,. 19161111010 Managed Account Detail of Securities Held For the Month Ending March 31,2010 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 FgderalAgency Bond/44ote FHLMC GLOBAL REFERENCE NOTES 3137EAB12 25,000,000.00 MA Aaa 11/25/08 11/26/08 25.091,000.00 2.64 185,677.08 25,014,092.25 25,160,825.00 DTD 05/23/2008 2.875%06/28/2010 FHL8 GLOBAL BONDS 3133XTHRO 25,000,000,00 AM Ace 05/07/09 05/08/09 25,079,500.00 0,79 118,513.89 25,019,153.00 25.054,687.50 DTD 04/20/2009 1,060%07/13/2010 FNMA FLOATING GLOBAL NOTES 31398AUW0 25,500,000.00 MA Aaa 03/11/09 03/12/09 25,486,485.00 1.30 7,809.06 25,486,485,00 25,497,348.00 DID 01/12/20009 0.141%07/13/2010 FHLB GLOBAL BONDS 3133XRN22 50,000,000.00 MA Aaa 11/26/08 11/28/08 50,650,500.00 2.68 364,583.33 50,118,124.00 50,484,375,00 DID 06/19/2008 3500%07/16/2010 FNMA NOTES(a-CALLABLE) 3136F7GP6 7,575,000.00 MA Aaa 05/12/08 05/13/08 7,857,093.00 3.00 58,969.27 7,618,871,82 7,686,257,81 DTD 08/02/2005 4,750%08/02/2010 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4GL9 15.000,000.00 MA Aaa 04/15/08 04116/08 15,713,850,00 2.64 113,762.50 15,108,648.00 15,232,380,00 DTD 08/04/2005 4.790%08/04/2010 FHLB BONDS 3133X0KH1 11,000,000.00 AAA Aaa 04/24/08 04/25/08 11,329,780.00 3.17 76,465.28 11,051,703,41 11,158,225.0E DTD 08/06/2003 4.550%08/06/2010 FHLB TAP BONDS 3133MB2E0 13,980,000,00 MA Aaa 04/23/08 04/24/08 15,183,118.80 2,98 122,810,42 14,176,870.13 14,320,762.50 DID 08/16/2000 6.875%08/13/2010 FHLB TAP BONDS 3133X0607 17,000,000,00 AAA Aaa 05/12/08 05/13/08 17,417,860.00 2,99 89,604.17 17,069,987.81 17,239,062,50 DID 07/24/2003 4,1258/9 08/13/2010 FHLB TAP BONDS 3133MRCM2 25,000,000.00 MA Aaa 06/23/08 06/24/08 25,529,250.00 3.71 151,736.11 25,093,801,00 25,414,062,50 DID 08/22/2002 4,750%08/13/2010 FHLMC GLOBAL NOTES 3128X8072 10,000,000.00 MA Ace 05/26/09 05/27/09 10,079,800.00 0.82 8,458,33 10,027,505.60 10,060,710.00 DID 03/10/2009 1,450%09/10/2010 FHLMC GLOBAL NOTES 3128X8012 10,000,000.00 MA Aaa 05/26/09 05/27/09 10,080,010.00 0.82 8,458.33 10,027,577.70 10,060,710,00 DID 03/10/2009 1.450%09/10/2010 FHLB TAP BONDS 3133XRT83 25,000,000.00 MA An 09/03/08 09/04/08 25,045,500.00 3,28 49,218.75 25,010,203.00 25343,750.00 DID 07/09/2008 3.375%09/10/2010 FFCB BONDS 31331XE40 25.000,000.00 MA Aaa 02/24/09 02/25/09 26,533,250.00 1,24 65,625.00 25,448,088.00 25,539,062,50 DTD 06/13/2007 5.250%09/13/2010 FM ACCOUnt 76990800 Page 8 PPM Asset Management T I C AC aniamfirta PFNI' Managed Account Detail of Securities Held For the Month Ending March 31,2010 SAN .75990800 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 FetleralAgency aged Note ` FNMA GLOBAL BENCHMARK NOTES 31398AGU0 25.000,000,00 AM Aaa '02/26/09 02127(09 26,153,000.00 1.35 54,687.50 25,338,348.25 25,460,937.50 DTD 09/13/2007 4.375%09/13/2010 FHLMC GLOBAL REFERENCE NOTES 3134A35H5 25,000,000.00 AAA Ma 11/21/08 11/24/08 26.598,500.00 2.98 76,388.89 25,436,596.75 25,773,437.50 DTD 09/22/2000 6,875%09(15/2010 FNMA NOTES 3136FHFE0 25,000,000.00 AM Aaa 04/03/09 04/06/09 25,064,250.00 1.32 15,625.00 25,020,533,25 25,140,625.00 DTD 03/16/2009 1.500%09/16/2010 FHLB BONDS 3133XTCW4 25,000,000.00 MA Ma 04/23/09 04/23/09 25,120,000.00 1.11 1,006.94 25,041,781.00 25,046,875.00 DTD 04/01/2009 1,450%09/30(2010 FFCB BONDS 31331X6M9 25,000,000.00 AAA Ma 03/26/08 03/27/08 26,177,250.00 2.56 553,125.00 25,243,638,75 25,523,437.50 DTD 10/04/2007 4.500%10/04/2010 FHLB GLOBAL BONDS 3133XTHN9 25,00000,000,00 AM Aaa 04/30/09 05/01/09 25,071,500,00 1.05 144,965.28 25,026,520,75 25,109,375.00 DTD 04/14/2009 1.250%10/14/2010 FNMA GLOBAL BENCHMARK NOTES 31359M036 25,000,000.00 AM Aaa 04/08/08 04/09/08 27,478,0000,00 2,65 625,694.44 25,608,198.50 25,953,125.00 DTD 11/03/2000 6.625%11/15/2010 FFCB BONDS 31331H4M6 9,315,000.00 AM Aaa 04/08/08 04/09/08 10,248,340.46 2,71 223,637.63 9,549,604.52 9,681,778.13 DTD 11/22/2000 6.700%11/22/2010 FHLMC GLOBAL REFERENCE NOTES 3137EABV0 25,000,000.00 AM Aaa 10/27/08 10/28/08 24,897,000.00 3,08 255,555.56 24,967,182.75 25,386,350.00 DTD 10/10/2008 2.875%11/23/2010 FHLB TAP BONDS 3133XRFK1 5,200,000,00 AM Ma 01/09/09 01/12/09 5.392,868.00 1,52 56,116.67 5,270,422.09 5,304,000.00 DTD 06/02/2008 3.500% 12/10/2010 FHLB TAP BONDS 3133XR4S6 11,385,000.00 AAA Ma 01/09/09 01/12/09 11,713514.18 1.46 105,311.25 11,504,912.28 11,573,564.06 DTD 05/05/2008 3.000%12/10/2010 FHLB BONDS(EX-CALLABLE) 31339XU71 8,485,000.00 AAA Aaa 05/19/08 05(20/08 8,465569.35 3,24 65,334.50 8,479,292.14 8,649,396.88 DTD 07/03/2003 3.150%01/03/2011 FFCB BONDS 313310016 25,000,000.00 AM Aaa 01/08/09 01/12/09 25,049,500.00 1,50 87,777.78 25,019,483.50 25,195,312.50 DTD 01/12/2009 1,600%01/12/2011 FFCB BONDS 31331G)Y6 25,000,000.00 MA Aaa 01/09/09 01/12/09 25,085,000.00 1.43 87,777.78 25,033,442.75 25,195,312.50 DTD 01/12/2009 1.600%01/12/2011 `til. Account 76990800 Page 9 PFM Asset Management 3 .I C F „ tillig — Managed Account Detail of Securities Held For the Month Ending Marcs,31, 2010 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 FFCB BONDS 31331YN35 10,000,000.00 AM Aaa 05/19/08 05/20/08 10,085,800,00 3,16 70,97222 10,026,520.70 10,231,250,00 DTD 01/18/2008 3.500%01/18/2011 FHLMC GLOBAL REFERENCE NOTES 3134A4130 10,000,000.00 AM Aaa 05/19/08 05/20/08 10,394,300.00 3.19 96,319.44 10,121,612.50 10,331.250.00 DTD 12/16/2005 4.750%01/18/2011 FHLMC GLOBAL REFERENCE NOTES 3134A4V30 20,000,000.00 AM Aaa 05/22/08 05/23/08 20,731,000.00 3.30 192,638.89 20,226,366.20 20,662,500.00 DTD 12/16/2005 4.750%01/18/2011 FHLB GLOBAL NOTES 3133XUHG1 25,000,000.00 AAA Aaa 11/19/09 11/20/09 25,147,750.00 0.46 38,263.89 25,103,142.75 25,078,125.00 DTD 08/03/2009 0.950%02/03/2011 FFCB DESIGNATED BONDS 31331VSK3 12,500,000.00 AAA Aaa 02/03/10 02/04/10 13,078,673.75 0.40 72,786.46 12,990,604.75 12,972,656.25 DTD 03/06/2006 4.875%02/18/2011 FFCB DESIGNATED BONDS 31331VSK3 12,500,000.00 AM Ma 02/03/10 02/04/10 13,078,673.75 0.40 72,786.46 12,990,604.75 12,972,656.25 DTD 03/06/2006 4.875%02/18/2011 FHLB NOTES 3133XVU82 25,000,000.00 MA Aaa 11/20/09 11/23/09 24,975,000.00 0.46 11,197.92 24,982,170.00 24,953,125,00 DTD 11/19/2009 0.375%02/18/2011 FFCB BONDS 31331YWG1 50,000,000,00 AM Aaa 12/23/08 12/24/08 51,429,000.00 1.67 116,666.67 50,607,775.00 51,109,375.00 DTD 03/03/2008 3.000%03/03/2011 FHLMC FLOATING MTh 3128X8RC8 10,000,000.00 AM Aaa 04/07/09 04/08/09 10,011,900.00 1.29 2,067.64 10,000,000.00 10,010,500.00 DTD 03/09/2009 0.324%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 2,067.64 10,000,000.00 10,010,500.00 DTD 03/09/2009 0.324%03/09/2011 FHLMC FLOATING MTN 3128X8RC8 10,000,000.00 AAA Aaa 04/07/09 04/08/09 10,011,943.13 1.29 2,067.64 10,000,000.00 10,010,500.00 DTD 03/09/2009 0.324%03/09/2011 FHLMC FLOATING MTN 3128X8RC8 25,000,000.00 AM Aaa 03/24/09 03/25/09 25,004,500.00 1.34 5,169.09 25,000,000.00 25,026,250.00 DTD 03/09/2009 0.324%03/09/2011 FHLMC FLOATING MTN 3128X8RC8 25,000,000.00 AM Aaa 03/26/09 03/27/09 25,005,000.00 1.34 5,169.09 25,000.000.00 25,026,250.00 DTD 03/09/2009 0.324%03/09/2011 FHLB TAP BONDS 3133XPWW0 25,000,000.00 AM Aaa 11/14/08 11/17/08 25,072,500.00 3.12 45,138.89 25,030,476.50 25,625,000,00 DTD 02/22/2008 3.250%03/11/2011 Account 76990800 Page 10 �PF.11' PFM Asset Management LLC sailassa— assa Pm,. Managed Account Detail of Securities Held For the Month Ending March 31,2010 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 I Nate ' - . FHLB NOItS 3133XPNY6 25,000,000.00 AAA Aaa 12/03/09 12/04/09 25,732,550.00 0,56 39,930,56 25,541547,75 25,531.250.00 DTD 02/08/2008 2.875%03/11/2011 FNMA GLOBAL BENCHMARK NOTES 31359MHK2 25,000,000.00 AM Aaa 11/12/08 11/13/08 26,510,650.00 2,81 61,111.11 25,629.36fi 50 26,171,875,00 DTD 03/26/20015.500%03/15/2011 FNMA GLOBAL NOTES 31398AV02 25,000,000.00 AM Aaa 12/10/09 12/11/09 25,376,250.00 0.57 9,722.22 25,286,965.75 25,281,250,00 DTD 02/27/2009 1.750%03/23/2011 FHLB NOTES 3133XUSX2 25,000,000.00 AM Aaa 12/03/09 12/04/09 25,063,500,00 0,55 3,125.00 25,047,801,00 25,031,250,00 DTD 09/10/2009 0.750%03/25/2011 FFCB BONDS 31331T2N4 12,150,000.00 AM Aaa 03/11/08 03/28/08 12.428,235.00 2.95 220,218.75 12,246,293,49 12,537,281.25 DTD 04/07/2004 3.750%04/07/2011 FNMA NOTES(CALLABLE) 31398AWL2 11,950,000,00 AM Ma 04/20/09 04/21/09 11,947,012.50 1.76 96,429.86 11,948,430.13 11,953,734,38 DTD 04/15/2009 1.750%04/15/2011 FNMA NOTES(CALLABLE) 31398AWL2 15,000,000.00 AM Ma 04/09/09 04/15/09 14,994,450.00 1.77 121,041.67 14,997,093.15 15,004,687.50 DTD 04/15/2009 1.750%04/15/2011 FNMA NOTES(CALLABLE) 31398AWL2 15,000,000.00 AM Aaa 04/09/09 04/15/09 14,994,750.00 1.77 121,041.67 14,997,250.20 15,004,687.50 DTD 04/15/2009 1.750%04/15/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 12,000.000.00 AAA Aaa 03/12/08 03/13/08 12,773,400.00 2.93 278,458.33 12,269,381.64 12,566,250.00 DTD 03/09/2006 5.125%04/18/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAA85 25,000,000.00 AM Aaa 03/11/08 03/12/08 26,612,500.00 2.93 580,121.53 25,561,172.25 26,179,687,50 DTD 03/09/2006 5.125%04/18/2011 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 25,000.080.00 AM Aaa 10/22/08 10/23/08 26,030,000.00 3.3B 580,121,53 25,444,272.25 26.179,687,50 DTD 03/09/2006 5.125%04/18/2011 FHLMC MIN(CALLABLE) 3128X8WC2 20,000,000.00 AM Aaa 05/19/09 05/20/09 20,149,000.00 1.35 156,527,78 20,008,598.60 20,011,160.00 DTD 04/20/2009 1.750%04/20/2011 FHLMC MTN(CALLABLE) 3128X8WC2 25,000,000.00 AM Ma 04/09/09 04/20/09 24,975.000.00 1.80 195,659.72 24,986,731.25 25,013950.00 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 3,07 291,666.67 24,885,097.75 25,531,250,00 DTD 04/21/2008 2.625%04/21/2011 PFM' Account 76990800 Page 11 PFM Asset Management LLC Aseasear— Rem' Managed Account Detail of Securities Held For the Month Ending March 31,2010 SAN BERNARDINO COUNTY --.76990$00; 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 yC8 BONDS 31331YG45 50,00O,000.00 AAA Aaa 10/21/08 10/22/08 48,936,500.00 332 583,333.33 49,539327,00 51.062,500,00 DID 04/21/2008 2.625%04/21/2011 FHLB STEP CPN BONDS(CALLABLE) 3133XT3X5 25,000,000.00 MA Ma 05/11/09 05/12/09 24,987,500.00 1,03 106,250,00 24,993,130,50 25,007.825.00 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 1.70 143,555.56 20,000,000.00 20,018,750,00 DTD 04/29/2009 1.700%04/29/2011 FNMA NOTES(CALLABLE) 3136FHOF5 25,000,000.00 AM Ma 05/05/09 05/12/09 24,987,750.00 1,48 139,965.28 24,993,135.00 25,023,437,50 DTD 05/12/2009 1.450%05/12/2011 FNMA GLOBAL BENCHMARK NOTES 31359M-17 50,000,000.00 AM Aaa 11/18/08 11/19/08 53,313.500.00 3.21 1,133,33333 51,525,704.00 53,015,625,00 DTD 05/25/2001 6.000%05/15/2011 FFCB BONDS(CALLABLE) 31331GVN6 970,000.00 MA Ma 05/19/09 05/20/09 971,164.00 1.31 4,927.47 970,15332 971,21230 DTD 05/18/2009 1.375%05/18/2011 FFCB BONDS(CALLABLE) 31331GVN6 17,442,000.00 AM Aaa 05/19/09 05/20/09 17,468,163.00 1.30 88,602,94 17,445,445.67 17,463,802,50 DID 05/18/2009 1.375%05/18/2011 FFCB FLOATING BONDS 31331G1VG0 25,000,000.00 AM Aaa 05/20/09 05/21/09 25,000,500.00 0.42 2,939.72 25,000,000.00 25,031,325.00 DTD 05/18/2009 0.326%05/18/2011 FNMA STEP CPN NOTES(CALLABLE) 3136FHR16 16,000,000.00 AM Aaa 05/11/09 05/27/09 15,985,600.00 1,05 55,111.11 15,991,645.44 16,010,000,00 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 4,01 327,604.17 25,068,083,00 26,000,000,00 DTD 05/24/2005 4.250%06/10/2011 FFCB BONDS 31331Y286 25,000,000.00 AM Ma 11/05/08 11/06/08 25,518,000.00 3.10 96,875.00 25264,657.50 26,062,500.00 DID 06/25/2008 3.875%08/25/2011 FFCB BONDS 31331Y286 50,000,000.00 AM Aaa 11/04/08 11/05/08 50,894,000,00 3.20 193,750.00 50,456,802.00 52,125,000.00 DTD 06/25/2008 3.875%08/25/2011 FNMA NOTES(CALLABLE) 31398AZH8 25,000,000.00 AM Aaa 11/24/09 11/25/09 25,106,250,00 1,02 2,604.17 25,062,182,00 25,007,812,50 DTD 09/28/2009 1.250%09/28/2011 FHLB NOTES(CALLABLE) 3133XV6N6 25,000,000.00 AM Ma 10/22/09 10/23/09 25,000,000.00 1,38 154,687.50 25,000,000.00 25015,625.00 DID 10/19/2009 1.375%10/19/2011 PM Account 76990800 Page 12 r.W PPM Asset Management LLC AliT - taaffiall PFM' its...t.L2: Managed Account Detail of Securities Held For the Month Ending March 31,2010 SAN:,BERNARDINQCOUNTY E76990800;. 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 esera gency on /Note FFIL5 NOTES(CALLABLE) 31.33XV6N6 25,000,000.00 MA Aaa 10/23/09 10/26/09 24,997,500.00 1.38 154687.50 24,998,053.00 25,015.625,00 DTC)10/19/2009 1.375%10/19/2011 FFCB NOTES(FLOAT) 3133102t40 25,000,000.00 MA Aaa 11/06/09 11/09/09 25,000,000,00 0.22 4.348,96 25,000,000,00 24,989,300.00 DTD 11/02/2009 0.209%11/02/2011 FHLMC NOTES(CALLABLE) 3128X9K02 25,000,000.00 AM Ma 10/29/09 11/10/09 24,975,000.00 1,25 117,500.00 24,979,850.25 24,991,725.00 DTD 11/10/2009 1.200%11(10/2011 FHLMC NOTES(CALLABLE) 3128X9K02 25,000,000.00 AAA Aaa 10/29/09 11/10/09 24,975,000.00 1,25 117,500.00 24,979,850.25 24,991,725,00 DTD 11/10/2009 1.200%11;10/2011 FHLB NOTES(CALLABLE) 3133XVWS6 25,000,000.00 MA Aaa 11/30/09 12/09/09 24,987,500.00 108 81,666.67 24,989,428.75 24,945,312.50 D71)12;09/2009 1.050%12/09/2011 FHLB NOTES(CALLABLE) 3133X1M.3 25,000,000,00 AM Aaa 12/11/09 12/21/09 24,947,500,00 1.16 72,916.67 24,954,728.75 24,906,250.00 DTD 12/21/2009 1.050%12/21/2011 FFCB NOTES(CALLABLE) 313310607 25.000,000.00 AAA Ma 12/18/09 12/23/09 25,000,000.00 1,05 71,458.33 25.000,000.00 25,015,625.00 DTD 12/23/2009 1.050% 12/23/2011 FFCB NOTES 313313BL6 25,000,000.00 MA Aaa 02/18/10 02/19/10 25,065,000.00 0,96 60,347.22 25,061,044.25 25,023,437.50 DTI)01/12/2010 1.100%01/12/2012 FHLB NOTES(CALLABLE) 3133XWNW5 25,000,000.00 MA Aaa 01/22/10 01/25/10 24,997,500,00 1.21 60,000.00 24,997,733.25 24,968,750,00 DM 01/19/2010 1.200%01/19/2012 FNMA NOTES(CALLABLE) 31398AC91 12,500,000.00 MA Ma 01/05/10 01/20/10 12,500,000,00 1,50 36,979.17 12,500,000.00 12,484,375.00 DM 01/20/2010 1,500%01/20/2012 FNMA NOTES(CALLABLE) 31398AC91 12,500,000.00 AM Ma 01/05/10 01/20/10 12,500.000.00 1.50 36,979.17 12,500,000.00 12,484,375.00 0Th 01/20/2010 1.500%01/20/2012 FHLMC NOTES(CALLABLE) 3128X9TM2 25,000,000.00 AM Ma 01/05/10 01/25/10 25.000,0e0,00 1.38 63,020.83 25,000,000.00 25,040.025.00 DID 01/25/2010 1.375%01/25/2012 FHLB NOTES(CALLABLE) 3133X4VPU7 25.000.000.00 AM Aaa 01/22/10 01/25/10 24.997,500.00 1,13 51,562.50 24,997,727.25 24,984,375.00 DID 01(25(2010 1.125%01/25/2012 FFCB NOTES(CALLABLE) 3133130M2 25,000,000,00 MA Aaa 02/05/10 02/09/10 24,992,500,00 1.06 37,555.56 24,993.037.50 24,976,562,50 DID 02(09/2010 1.040%02/09/2012 FM „ - • . . .. .. . .. ........s_.— = Account 76990800 Page 13 PFM Asset Management LLC AEC la PFM Managed Account Detail of Securities Held For the Month Ending March 31,2010 SAN.SERNARDIN{).COUNTY,-:76990804 - 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 F,`ederai Agency Bond Nate - ,� FHLB NOTES 3133XWFP9 25,000,000.00 AAA Aaa 12/29/09 12/30/09 24,854,250.00 133 26,979.17 24,871,117.50 24,968,750,00 DTD 12/24/2009 1.050%02/24/2012 FHLMC NOTES(CALLABLE) 31285/8552 25,000,000.00 AAA Aaa 06111/09 06/29/09 25,000,000.00 2,45 156,527.78 25,000,000.00 25,110,175,00- DTD 06/29/2009 2.450%06/29/2012 FNMA NOTES(CALLABLE) 3136FHN27 40,850,000,00 AM Aaa 07/15/09 07/16/09 40,876,144.00 2.10 180,846.35 40,857,664.28 41,041,484.38 DTD 07/16/2009 2.125%07/16/2012 FHLB NOTES(CALLABLE) 3133XWR76 25,000,000.00 AAA Aaa 01/28/10 02/03/10 24,995,000,00 1,46 58,402.78 24,995,317.50 25,000,000.00 DTD 02/03/2010 1,450%08/03/2012 FHLB NOTES 3133XUE41 50,000,000,00 AM Aaa 07/31/09 08/03/09 49,767.500.00 1.91 94,791.67 49,817,133.50 50,375,000.00 DTD 07/23/2009 1,750%08/22/2012 FHLMC NOTES 3137EACE7 25,000,000.00 MA Aaa 12/22/09 12/23/09 25,393,000.00 1.54 14,756.94 25,355,191.00 25,390,625.00 DTD 08/06/2009 2.125%09/21/2012 FHLB STEP CPN BONDS(CALLABLE) 3133XUZU0 50,000,000.00 MA Aaa 09/29/09 09/30/09 50,050,000.00 2.26 12,500.00 50,000,000.00 50.234,375.00 DTD 09/30/2009 1.500%09/25/2012 FHLB NOTES 3133XVNT4 25,000,000.00 AM Aaa 12/01/09 12/02/09 25,216,250.00 1,46 178,645.83 25,193,273.25 25.078,125.00 DTD 11/04/2009 1.750%12//14/2012 FHLB NOTES 3133XVNT4 25,000,000.00 AM Aaa 12/04/09 12/07/09 25,039,500,00 1.70 178,645.83 25.035,640.75 25,078,125.00 DTD 11/04/2009 1.750%12/14/2012 FHLMC NOTES(CALLABLE) 3128X9PN4 25,000,000.00 MA Aaa 12/02/09 12/17/09 25,016,250.00 1.68 122,777,78 25,011,574.75 24,914,700.00 DTD 12/17/2009 1.700%12/17/2012 FHLMC NOTES(CALLABLE) 3128X9PN4 50,000,000.00 MA Aaa 12/04/09 12/17/09 49,815,000.00 1.83 245,55556 49,832,412.00 49.829,400.00 DTD 12/17/2009 1.700%12/17/2012 FFCB NOTES 313311489 25.000,000.00 AM Aaa 12/21/09 12/24/09 24,930,000.00 1.72 109,461.81 24,936,153.25 24,937,500.00 DTD 12/24/2009 1.625%12/24/2012 FNMA NOTES(CALLABLE) 31398A876 25.000,000,00 MA Aaa 12/15/09 12/28/09 24,890,000.00 1.90 113,020.83 24,899.249.50 24,960,93750 DTD 12/28/2009 1.750%12/28/2012 FNMA NOTES(CALLABLE) 31398A876 25,000,000.00 MA Aaa 02/10/10 02/11/10 24,981.250,00 1.78 113,020.83 24,982,190.00 24,960,937.50 DTD 12/28/2009 1.750%12/28/2012 . I. Account 76990800 Page 14 _" PPM Asset Management LLC Auwass eiseasar- inississonii ppm- 1 - Managed I" Managed Account Detail of Securities Held For the Month Ending March 31,2010 SAN-SERNAi2DIN0:COUN Y. 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 , ` - - ` Y a� r. . PFCS NOTES(CALLABLE) 31331)EK5 25,000,000.00 AAA Aaa 02/19/10 02/22/10 24,887,500.00 1.83 48,708.33 24,891,484.75 24,773,437.50 DTD 02/19/2010 1.670%02/19/2013 FFCB NOTES 31331)8V4 25,000,000.00 AAA Aaa 02/11/10 02/12/10 25,035,250.00 1.70 48,611.111 25,033,669.50 24,937.500.00 DTD 01/15/2010 1.750%02/21/2013 FNMA NOTES(CALLABLE) 31398AH70 50,000,000.00 MA Aaa 03/05/10 03/15/10 49,925,000.00 1.85 40,000.00 49,926,085.50 49,765,625.00 DTD 03/15/2010 1.800%03/15/2013 Security Type Sub-Total 2,511,182,000.00 2,541,496,266.57 1.90 14,403,798.97 2,52.1,278,039.59 2,538,379,662.08 Commercial Paper .: 1` )P MORGAN CHASE&CO COMM PAPER 4662)1015 30,000,000.00 A-1 P-1 03/31/10 03/31/10 29,999,975.00 0.03 0.00 30,000,000,00 29,999.850,004 - 0.000%04/01/2010 CREDIT AGRICOLE NA COMM PAPER 225320019 50,000,000.00 A-1+ P-1 03/31/10 03/31/10 49,999,944.44 0.04 0.00 50,000,000.00 49,999,944.44 -- 0.000%04/01/2010 CREDIT AGRICOLE NA COMM PAPER 22532CD19 50.000,000.00 A-1+ P-1 03/31/10 03/31/10 49.999,944.44 0.04 0.00 50,000,000.00 49,999,944.44 -- 0.000%04/01/2010 BNP PARIBAS FINANCE INC COMM PAPER 0556N1DG5 50,0000,000.00 A-1+ P-1 03/26/10 03/26/10 49,994,458.33 0.19 0.00 49,996.041,50 49,996,200.00 -- 0.000%04/16/2010 BNP PARIBAS FINANCE INC COMM PAPER 0556N1005 50,000,000.00 A-1+ P-1 03/26/10 03/26/10 49,994,458.33 0.19 0.00 49,996.041,50 49,996200.00 - 0.000%04/162010 SVENSKA t9ANDELS8ANKEN INC COMM 86958110N1 25,000,000.00 A-1+ P-1 03/24/10 03/25/10 24,996,208.33 0.20 0.00 24,997,156.25 24,997,400.00 PAPER •- 0.000%04/22/2010 NORDEA NORTH AMERICA INC COMM 6S55P1OW4 10,000.000.00 A-1. P-1 03/30/10 03/30/10 9.998,320.83 0.20 0.00 9,998,429,20 9,998,500.00 PAPER -- 0.000%04/30/2010 NORDEA NORTH AMERICA INC COMM 6555P1DW4 25,000,000.00 A-1+ P-1 03/23/10 03/23/10 24,995513.89 0.17 0.00 24,996,576.50 24,996,250,00 PAPER - 0.000%04/30/2010 =PPM Account 76990800 Page 15 PFM Asset Management LLC F _ " EIIIIIIIIIIiii Managed Account Detail of Securities Held For the Month Ending March 31,2010 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 •Commercial.Paper " -' - NORDEA NORTH AMERICA INC COMM 6555P1DW4 50,000,000.00 A-1+ P-1 03/23/10 03/23/10 49,991,027.78 0.17 0.00 49,993,153.00 49,992,500.00 PAPER -- 0.000%04/30/2010 Security Type Sub-Total 340,000,000.00 339,969,851.37 0.13 0.00 339,977,397.95 339,976,788.88 Certificate of Deposit K ` ' NORDEA BANK FIN NY CERT DEPOS 655560076 15,000,000,00 A-1+ P-1 03/02/10 03/02/10 15,000,000.00 0.16 2,000.00 15,000,000.00 14,999,991.45 DTD 03/02/2010 0.160%04/01/2010 NORDEA BANK FIN NY CERT DEPOS 655560C27 25,000,000.00 A-1+ P-1 03/01/10 03/01/10 25,000.000.00 0.16 3,444.44 25,000,000.00 24,999,985.75 DTD 03/01/2010 0.160%04/01/2010 NORDEA BANK FIN NY CERT DEPOS 655560076 50,000.000.00 A-1+ P-1 03/02/10 03/02/10 50,000,000.00 0.16 6,666.67 50,000,000.00 49,999,971.50 DTD 03/02/2010 0.160%04/01/2010 BNP PARIBAS SF CERT DEPOS 055660R90 50,000,000.00 A-1+ P-1 03/09/10 03/09/10 50.000,000.00 0.17 5,430.56 50,000,000.00 49,999,312.50 DTD 03/09/2010 0.170%04/16/2010 CREDIT AGRICOLE GB NY CERT DEPOS 22532YDC7 25,000,000.00 A-1+ P-1 03/26/10 03/26/10 25,000,000.00 0.19 791.67 25,000,000.00 24,999,741.00 DTD 03/26/2010 0.190%04/21/2010 RABOBANK NEDERLAND NV NY CERT DEPOS 749773E74 50,000,000.00 A-1+ P-1 03/19/10 03/19/10 50,000,000.00 0.18 3,250.00 50,000,000.00 49,998,330.00 DTD 03/19/2010 0.180%04/30/2010 TORONTO DOMINION BANK NY CERT 89112YBH5 50.000,000.00 A-1+ P-1 03/25/10 03/26/10 50.000,000.00 0.19 1,583.33 50,000,000.00 49,998,747.00 DEPOS DTD 03/26/2010 0.190%04/30/2010 TORONTO DOMINION BANK NY CERT 89112YBH5 50,000,000.00 A-1+ P-1 03/25/10 03/26/10 50,000,000.00 0.19 1,583.33 50,000,000.00 49,998,747.00 DEPOS DTD 03/26/2010 0.190%04/30/2010 BNP PARIBAS SF CERT DEPOS 055660172 30,000,000.00 A-1+ P-1 03/26/10 03/26/10 30,000,000.00 0.21 1,050.00 30,000,000.00 29,999.640.30 DTD 03/26/2010 0,210%05/03/2010 CREDIT AGRICOLE CIB NY CERT DEPOS 22532YDH6 31.000,000.00 A-1+ P-1 03/29/10 03/29/10 31,000,000.00 0.20 516.67 31,000.000.00 30,999,344.35 DTD 03/29/2010 0.200%05/03/2010 ROYAL BANK OF CANADA NY CERT DEPOS 78009JC78 50,000.000.00 A-1+ P-1 03/30/10 03/31/10 50,000,000.00 0.15 208.33 50,000,000.00 49,996.651.50 DTD 03/31/2010 0.150%05/03/2010 �— Account 76990800 Page 16 �.PF:11 PFM Asset Management LLC rPPM- Managed Account Detail of Securities Held For the Month Ending March 31,2010 SAN'SERNARDTNO=COUNIY 7699080{} 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 Deposit ` '-- - - BNP PARIBAS SF CERT DEPOS 055660021 20,000,000.00 A-1+ P-1 03/29,110 03/29/10 20.000,000.00 0.21 350.00 20.000.000.00 19.999,648.80 DTD 03/29/2010 0.210%05/07/2010 SVENSKA HANDELSBANKEN NY CERT DEPOS 86959880 25,000,000.00 A-1+ P-1 03/29/10 03/30/10 25,000,000.00 0.22 30556 25,000,000.00 24.998,867.25 DTD 03/30/2010 0.220%05/28/2010 WESTPAC BANKING CORP NY CERT 961211121(9 25,000,000.00 A-1+ P-1 03/31/10 04/01/10 25,000,000.00 0,20 0.00 25,000,000.00 24,997,621,25 DEPOS DTD 04/01/20100.200%06/01/2010 Security Type Sub-Total 496,000,000.00 496,000,000.00 0,18 27,180.56 496,000,000.00 495,986,599.65 Managed Account Sub-Total 4,480,873,000.00 4,518,369,534.15 1,23 16,219,139.28 4,495,917,153.72 4,514,741,785.18 Securities Sub-Total $4,480,873,000.00 $4,518,369,534.15 1.23% $16,219,139.28 $4,495,917,153.72 $4,514,741,785.18 Accrued Interest $16,219,139,28 Total Investments $4,530,960,924.46 Bolded items are forward settling trades. -- Account 76990800 Page 17 ®PPlC ,—, PPM Asset Management LLC LAIF Regular Monthly Statement Page 1 of 1 Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209-0001 www.treasurer.ca.t=ov/pmia-laif (916) 653-3001 April 15, 2010 CITY OF CHINO HILLS FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS, CA 91709 1 MIA Average Monthly Yields Account Number: 98-36-151 Transactions Tran Noe Definitions March 2010 Statement Account Summary Total Deposit: 0.00 Beginning Balance: 39,649,249.34 Total Withdrawal: 0.00 Ending Balance: 39,649,249.34 4/15/2010 State of California Pooled Money Investment Account Market Valuation 3/31/2010 1,',; Carrying Cost Plus = Description Accrued Interest Purch. ', .AmorLzed Cost Farr.Value'' Accrued Interest United States Treasury: Bills $ 22,117,200,379.93 $ 22,151,765,33335 $ 22,162,576,550.00 NA Notes $ 8,452,020,143.48 $ 8,451,181,483.46 $ 8,474,379,500.00 $ 28,661,282.00 Federal Agency: SBA $ 555,726,851.61 $ 555,717,973 09 $ 548,069,367.58 $ 600,736.78 MBS-REMICs $ 822,263,011.50 $ 822,263,011.50 $ 669,244,504.79 $ 3,903,500.61 Debentures $ 1,209,383,439.78 $ 1,209,383,439.78 $ 1,214,140,480.00 $ 11,195,147.88 Debentures FR $ 400,000,000.00 $ 400,000,000.00 $ 400,058,000.00 $ 51,196.44 Discount Notes $ 7,414,113,502.50 $ 7,424,994,088.61 $ 7,427,967,500.00 NA FNLMC PC $ - $ - $ - $ GNMA $ 98,647.66 $ 98,647.66 $ 109,991,76 $ 971.39 IBRD Deb FR $ 300,000,000.00 $ 300,000,000.00 $ 300,714,000,00 $ 260,634.00 CDs and YCDs FR $ - $ - $ - $ - Bank Notes $ - $ - $ - $ - CDs and YCDs $ 7,550,047,500.90 $ 7,550,038,167.57 $ 7,550,160,392.50 $ 2,499,611.14 Commercial Paper $ 4,821,125,738.34 $ 4,821,777,031.37 $ 4,821,754,787.77 NA Corporate: Bonds FR $ 125,184,760.48 $ 125,184,760.48 $ 125,041,750.00 $ 24,005.58 Bonds $ - $ - $ - $ - Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ Time Deposits $ 4,052,640,000.00 $ 4,052,640,000.00 $ 4,052,640,000.00 NA NOW Account $ - $ - $ - NA AB 55&GF Loans $ 11,286,774,939.92 $ 11,286,774,939.92 $ 11,286,774,939.92 NA TOTAL $ 69,106,578,916.10 $ 69,151,818,876.98 $ 69,233,631,764.32 $ 45,197,085.82 Fair Value Including Accrued Interest $ 69,278,828,850.14 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1,001183091). 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 $20,023,661.82 or$20,000,000.00 x 1.001183091.