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05-13-2008 CC Rpt A06 COUNCIL AGENDA STAFF REPORT CITY CLERK USE ONLY „ • • - 4111111 , Meeting Date: May13, 2008 -- • ; • • 477, 17:S Public Hearing: Discussion Item: 0 , „ , Consent Item: CTrif Or(WINO HILLS Ir,•rWr•f•• MAY 6, 2008 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR MARCH 2008 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, and the 2006 CFD bond proceeds to continue to be invested in Money Market Funds, Treasury Bills and Treasury Notes. ellACKGROUND/ANALYSIS: The Treasurer's Report for March 2008 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $190,435,178.15. 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 Ohe market valuation amount. /26 AGENDA DATE: MAY 13, 2008 SUBJECT: TREASURER'S REPORT FOR MARCH 2008 40 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 and the 2006 CFD bond proceeds invested in Money Market Funds, Treasury Bills and Treasury Notes 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 2007/08 fiscal year. It is anticipated that a budget for fiscal year 2008/09 will be provided for City Council consideration by June 30, 2008. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Respectfully submitted, Recommended by: if ye /6) 6;7 - .7). ••"2 •/ Douglas0. LaBelle, CRS, Manager AY J e Filcaster, Finance Director DLB:JRL:jlw Att. 4110 EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT 110 MARCH 2008 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) $ 44.910.244.50 $ 45.238.663.25 Los Angeles County Pooled Funds of Investments (LACPFI) 49.882.661.95 49.088.765.41 State of CalJornia Local Agency Investment Fund (LAIF) 40.319.887.23 40.391.501.17 Bond Proceeds(2006 CFD Bonds) U.G. Bank- Money Market Funds-Treasury Obligations Fund 6.418.041.57 6.418.041.57 U.S. Treasury Notes (see Exhibit B) 13.094.531.26 13.094.065.00 Total Investments 154.545.366.40 155.129.038.40 Cash Bank of America-Checking 1.846.839.21 1.846.839.21 Bank of America-CDBG 5,982.36 5.982.38 Bank of America- Payroll 10.000.00 10.000.00 Wells Fargo Bank- Credit Card 111,174.49 111,174.49 Total Cash in Bank 1.973.898.06 1.973.856.08 Petty Cash 2.800.00 2.600.00 Total Cash 1.978.598.06 1.970.536.08 Total Funds Held byCity 156.521.863.66 157.105.632.46 • B. Funds Held by Fiscal Agents: U.S. Bank 30.714.009.81 30.714.000.81 BNY Western Trust Company 3.199.206.78 3.199.205.79 Total Funds Held by Fiscal Agents 33.913.215.60 33,913,215.60 Total Funds Held by City and Fiscal Agents $ 190.435.178.15 101.018.848.06 II. Estimated Composite Investment Earnings Rate: , 4.15% (Actual Investment Earnings Rate for SBCPFI :4.46%; & LAIF: 4.18Y6 Actual Investment Earnings Rate for LACPFI : 3.83%) . EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT MARCH 2008 lib Page 2 of 2 III. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 03/01/08 Receipts Disbursements 03/31X08 General Fund $ 57.116.610.23 $ 3.015.423.15 (2.629.289.35) $ 56.502.743.13 Water Funds 27.854.427.14 2.305.378.80 (896.682.63) 28.263.152.61 Sewer Funds 9.639.008.42 510.844.04 (395.331.80) 9,754,520.66 Parks& Landscape 6.471.847.80 860.139.45 (1.502.817.44) 5.839.169.81 Development Funds 13.587.202.87 338.276.87 (75,976.94) 13.849.502.90 Comm. Facilities Dist. 57.856.103.19 609.100.88 (7,581,134.41) 50'884.089.68 Assessment Districts 5.303'299.67 18.889.45 (368.080.00) 4.964.109.12 ' Miscellaneous Funds 18,441,114.42 9.091.911.85 (8.135.116.01) 19.397.910.26 . Total $ 196.269.832.84 $ 15.749.863.69 $ (21.584.418.38) $ 190.435.178.15 . �wn�m �mY� �� �����m� ��mmm���eadn� �rm���mmm- Market�N�m�� Month Ending March 2008 Value INC Life Insurance and Annuity Company 3.090'460.14 ICMA 3.964.110.29 Total Funds Held by Deferred Compensation Providers $ 6.044.570.43 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 2007/08 fiscal year. It is anticipated that a budget for fiscal year 2008/09 will be provided for City Council consideration by June 30, 2008. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. � � 411111f � x/ i � 'i � ' ' �' � L.; 'ster Finance Director/City Treasurer 111111 EX II CITY OF CHINO HILLS CASH AND INVESTMENTS REPORT AS OF March 31,2008 L INVESTMENTS BROKER/ COST BASIS/ FACE AS OF 03/31/08 SAFEKEEPING DATE OF DATE OF PURCHASE EFFECTIVE COST/ OR PAR COUPON MARKET DESCRIPTION CUSIP# (A) PURCHASE MATURITY PRICE YIELD $100 VALUE YIELD VALUE U S.Treasury Notes 912828FC9 Piper Jaffray/UB 8/24/2007 4/30/2008 3,016,875.00 4 0255 100 56 3,000,000 4.875 3,007,980.00 U.S.Treasury Notes 912828FG0 Piper Jaffray/UB 8/24/2007 5/31/2008 3,520,781.25 4 0735 100 59 3,500,000 4.875 3,519,705.00 U.S.Treasury Notes 921828FJ4 Piper Jaffray/UB 8/31/2007 6/30/2008 4,035,000.00 4.0373 100.88 4,000,000 5.125 4,036,880.00 U.S Treasury Notes 912828FM7 Piper Jaffray/UB 8/30/2007 7/31/2008 2,521,875.00 4.0163 100.88 2,500,000 5.000 2,529,500.00 Subtotal 13,094,531.25 13,000,000 13,094,065.00 TOTAL INVESTMENTS $13,094,531.25 $13,000,000.00 $13,094,065.00 AVERAGE EFFECTIVE YIELD 4.0382 111 City of Hills a 1 Treasurer's Report Worksheet General Water Sewer Parks& Development Comm. Facilities Assessment Miscellaneous Fund Funds Funds Landscape Funds District Districts Funds Total Funds Held by City: Beginning Book Balance 034.03/01/08 34,446,022.35 26,950,784.56 9,639,008.42 6,471,847.80 13,587,202.97 48,089,632.02 2,234,085.18 18,441,114 42 159,859,697.72 Cash Receipts 1,978,116.92 2303,771.84 510,844,04 860139.45 338,276.87 594645.13 13,784.29 9,091,911.85 15,691,490.39 Cash Disbursements (2,105,393 00) (896,662.53) (395,331.80) (1,502,817.44) (75,976.94) (5,900,027.84) (17,900.00) (8,135,116.01) (19,029,225.56) Journal Entries For Month 0.00 0.00 Ending Book Balance(0 03/31/08 34,318,746.27 28,357,893.87 9,754,520.66 5,829,169.81 13,849,502.90 42,784,249.31 2,229,969.47 19,397,910.26 156,521,962.55 Reconciling Transactions 0.00 0.00 Ending Bank Balance Funds Held by City 34,318,746.27 28,357,893.87 9,754,520.66 5,829,169.81 13,849,502.90 42,784,249.31 2,229,969.47 19,397,910.26 156,521,962.55 Funds Held by Fiscal Agent: Beginning Book Balance¢i),03/01/08 22,670,596.88 903,652.58 0.00 0.00 0.00 9,766,471.17 3,069,214.49 0.00 36,409,935.12 Cash Receipts 37,306 23 1,606.16 0.00 0.00 0.00 14,455.75 5,105.16 0.00 58,473.30 Cash Disbursements (523,906.25) 0.00 0.00 0.00 0.00 (1,681,106.57) (350,180.00) 0.00 (2,555,192.82) i Journal Entnes For Month 0.00 0.00 0.00 Ending Book Balancef f o 03/31/08 22,183,996.86 905,258.74 0.00 0.00 0.00 8,099,820.35 2,724,139.65 0.00 33,913,215.60 Reconciling Transactions 0.00 0.00 0.00 Ending Bank Balance Funds Held by F/A 22,183,996.86 905,258.74 0.00 000 0.00 8,099,820 35 2,724,139 65 0,00 33,913,215.60 Summary of Cash Balances: Beginning Cash Balance Funds Held by City 34,446,022.35 26,950,784.56 9,639,008 42 6,471,847.80 13,587,202.97 48,089,632.02 2,234,085.18 18,441,114 42 159,859,697.72 Funds Held by Fiscal Agent 22,670,596.88 903,652.58 0.00 0 00 0 00 9,766,471.17 3,069,214.49 0.00 36,409,935.12 Total Beginning Cash Balance 57,116,619.23 27,854,437,14 9,639,008.42 6,471,847.80 13,587,202.97 57,856,103.19 5,303,299.67 18,441,114.42 196,269,632.84 Ending Cash Balance Funds Held by City 34,318,746.27 28,357,893.87 9,754,520.66 5,829,169.81 13,849,502.90 42,784,249.31 2,229,969.47 19,397,910.26 156,521,962 55 Funds Held by Fiscal Agent 22,183,996.86 905,258 74 0.00 0.00 0 00 8,099,820 35 2,724,139.65 0 00 33,913,215.60 Total Ending Cash Balance 56,502,743.13 29,263,152.61 9,754,520 66 5,829,169.81 13,849,502.90 50,884,069.66 4,954,109.12 19,397,910.26 190,435,178 15 * * , * * * * ************************************************************************************************************************** * * * * * H 0 * * * REPORT CODE NAME: F2360 * * * * * * * * * * * * * * * * * REPORT DISTRIBUTION SYSTEM * * * * FINAL REPORTS * * * * * * FOR MARCH, 2008 * * * * * * * * * * 4, * * * * * * w * * * * EXPENDITURE DETAIL TRANSACTIONS * * * * * * * * * * 4, * * * 4, * * * * * * * * * * * * * * * ** * * * * * * * * * * * * t ***********************************************************************************************************w************** * * * * * * * CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 1 *** 111/111 ME: 22359:15 60 DETAIL EXPENDITURE PERIOD 09 LISTING OBJECT CODE PAGE: 7701 DATE: 04/01/2008 rND/DEPT/ORG1: SED IJECT/ BUDGET/ i DATE ORG GRC TRANSACTION ID DESCRIPTION/VENDOR EXPENDITURES ENCUMBRANCES PRE-ENCUMBRANCES REMAINING BUDGET *** NO ACTIVITY FOR THIS PERIOD *** 33 BEGINNING BAL - CASH IN COUNTY TREASURY 44,910,244.50 3) ENDING BAL - CASH IN COUNTY TREASURY 44,910,244.50 411111 CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 2 *** i j Jo it : i ff 0644011111111111111111111111111 Account Summary: 76990800 SANBERNARDINO COUNTY MONTH ENDED: March 31,2008 MARKET%OF YTM AT YTM AT SECURITY TYPE PAR VALUE AMORTIZED COST MARKET VALUE PORTFOLIO COST MARKET DURATION CERT OF DEPOSIT 925,000,000.00 925,609,721.35 926,323,001.05 21.43 3.52 2.77 0.20 COMMERCIAL PAPER 739,000,000.00 735,585,843.95 735,711,384.00 17.02 3.21 2.77 0.16 CORPORATE NOTE 64,000,000.00 64,340,885.75 64,277,669.48 1.49 4.30 3.34 0.87 FED AGY BOND/NOTE 2,249,127,000.00 2,249,481,283.74 2,280,318,708.56 52.75 4.53 2.70 0.80 MVYMRKT/MUTUAL FND 201,000,000.00 201,000,000.00 201,000,000.00 4.65 3.16 3.16 0.00 REPO AGREEMENT 100,000,000.00 100,000,000.00 100,001,090.00 2.31 3.07 2.68 0.00 • US TSY BOND/NOTE 15,000,000.00 14,981,577.45 15,142,965.00 0.35 3.36 1.35 0.54 TOTAL SECURI I ILS 4,293,127,000.00 4,290,999,312.24 4,322,774,818.09 100.00 3.98% 2.75% 0.50 CASH BALANCE 54,202,505.36 54,202,505.36 54,202,505.36 TOTAL INVESTMENTS 4,347,329,505.36 4,345,201,817.60 4,376,977,323.45 ACCRUED INTEREST 35,531,514.09 35,531,514.09 TOTAL PORTFOLIO 4,347,329,505.36 $4,380,733,331.69 $4,412,508,837.54 a jimimmownrimmillii . i i ii i i ' 4111411141111 Detail of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: March 31,2008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE CERT OF DEPOSIT UBS AG STAMFORD CERTDEPOS 90263K7D4 A-1+ 20,000,000 00 5 010 4/3/2008 12/3/2007 20,000,666 48 500 334,000 00 20,000,011 00 20,003,688 00 CITIBANKNA CERT DEPOS 1730D1FJ8 A-1+ 25,000,000 00 4 300 4/9/2008 1/9/2008 25,000,000.00 4 30 247,847 22 25,000,000 00 25,009,477 50 NORDEA BANK FIN NY CERT DEPOS 65556EK66 A-1+ 20,000,000 00 5 235 4/10/2008 4/13/2007 20,000,000 00 5 24 1,029,550 00 20,000,000 00 20,012,974 00 CALYONNYCERTDEPOS 1317A0KG9 A-1+ 25,000,000 00 4 000 4/14/2008 1/16/2008 25,010,968 94 3 82 216,666 67 25,001,602 25 25,011,822 50 ROYAL BK OF SCOTLAND NY CERT DEPOS 78010FYC8 A-1+ 25,000,000 00 5 274 4/15/2008 4/18/2007 25,002,094 53 5 26 1,278,139 79 25,000,080 75 25,024,692 50 RABOBANKNEDERLAND NV(NJ)CERT DE 74977GEQ7 A-1+ 25,000,000 00 3.020 4/21/2008 2/11/2008 25,000,000.00 3 02 104,861.11 25,000,000 00 25,003,562 50 UBS AG STAMFORD CERT DEPOS 90263LFK7 A-l+ 25,000,000 00 3.330 4/22/2008 1/22/2008 25,000,626 50 3 32 161,875 00 25,000,144 50 25,008,355.00 UBS AG STAMFORD CERT DEPOS 90263LCG9 A-1+ 25,000,000 00 4 575 4/28/2008 12/28/2007 25,000,416 75 4 57 301,822 92 25,000,092 25 25,034,405 00 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010F5X4 A-1+ 25,000,000 00 3 150 4/29/2008 1/28/2008 25,000,316 90 3 14 140,000 00 25,000,096 50 25,007,342.50 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010F7D6 A-1+ 45,000,000 00 3 000 5/6/2008 2/13/2008 45,000,000 00 3 00 180,000 00 45,000,000 00 45,009,837.00 CITIBANKNA CERTDEPOS 1730D1HN7 A-H- 25,000,000.00 3.080 5/7/2008 2/7/2008 25,000,000 00 3 08 115,500 00 25,000,000 00 25,007,620 00 UBS AG STAMFORD CERTDEPOS 90263LLA2 A-1+ 25,000,000 00 3 010 5/12/2008 2/12/2008 25,000,310.25 3 00 102,423 61 25,000,141.25 25,006,655 00 BNP PARIBAS SF CERT DEPOS 05566QNM5 A-1+ 25,000,000 00 3 010 5/13/2008 2/13/2008 25,000,000 00 3 01 100,333 33 25,000,000 00 25,006,820 00 SVENSKA HANDELSBANKENNY CERT DEM 86959E6N4 A-1+ 25,000,000 00 5 248 5/14/2008 5/15/2007 25,001,805 14 5 24 1,173,399 31 25,000,212 75 25,071,500 00 DEXIA BANK(NY)CERT DEPOS 25213EZX0 A-1+ 25,000,000 00 5 270 5/16/2008 5/22/2007 25,002,375 00 5 26 1,152,812.50 25,000,297 00 25,075,527 50 CITIBANK NA CERT DEPOS 1730DIJP0 A-1+ 25,000,000 00 3.030 5/20/2008 2/20/2008 25,000,000.00 3 03 86,270.83 25,000,000 00 25,008,670.00 BARCLAYS BANK PLC NY CERT DEPOS 0673P2YP 1 A-1+ 25,000,000 00 3.050 5/21/2008 2/20/2008 25,000,000 00 3 05 86,840.28 25,000,000 00 25,009,547.50 RABOBANK NEDERLAND NV NY CERT DEP 7497T15H6 A-I+ 25,000,00000 5290 5/23/2008 5/30/2007 25,000,00000 529 1,127,79861 25,000,00000 25,087,807.50 CITIBANK NA CERT DEPOS 1730D1LG7 A-1+ 20,000,000 00 2 960 6/6/2008 3/6/2008 20,000,000.00 2 96 42,755 56 20,000,000.00 20,006,572 00 BARCLAYS BANK PLC NY CERTDEPOS 0673P14R2 A-1+ 25,000,00000 5400 6/11/2008 6/14/2007 25,000,00000 540 1,095,00000 25,000,00000 25,124,15750 HBOS TREASURY SERVICES CERT DEPOS 40411JGF8 A-1+ 25,000,000.00 5 450 6/19/2008 7/6/2007 25,009,469 50 5 39 1,086,215 28 25,002,143 50 25,140,242 50 SVENSKA HANDELSBANKEN CERT DEPOS 86959FLB0 A-1+ 50,000,000 00 2 620 6/24/2008 3/26/2008 50,000,000 00 2 62 21,833 33 50,000,000 00 49,979,471 00 CALYON NY INC CERT DEPOS 1317A0PD1 A-1+ 25,000,000 00 2 510 6/26/2008 3/20/2008 25,000,000 00 2 51 20,916 67 25,000,000 00 24,982,712 00 BNP PARIBAS SF BRANCH CERT DEPOS 05566QKA4 A-1+ 25,000,000 00 5 330 6/27/2008 7/2/2007 25,000,000 00 5.33 1,014,180.56 25,000,000 00 25,146,887.50 RABOBANKNEDERLAND NV(NI)CERT DE 74977FXK1 A-1+ 45,000,000 00 2.500 7/1/2008 3/24/2008 45,000,000.00 2 50 25,000 00 45,000,000 00 44,965,636 65 BANK OF AMERICA CORP CERT DEPOS 0605C0BU5 A-1+ 20,000,000.00 2.550 7/2/2008 3/31/2008 20,000,000 00 2 55 1,416.67 20,000,000 00 19,987,225 20 SVENSKA HANDELSBANKE N NY CERT DEPG 86959FLJ3 A-H- 20,000,000.00 2 640 7/2/2008 3/31/2008 20,000,513 20 2 63 1,466.67 20,000,507 60 19,991,841 80 CALYONNYCERTDEPOS 1317A0LN3 A-1+ 25,000,00000 2900 8/14/2008 2/14/2008 25,000,000.00 2.90 94,652.78 25,000,00000 25,010,677.50 CALYONNYCERTDEPOS 1317A0LQ6 A-1+ 20,000,000.00 2.890 8/19/2008 2/19/2008 20,000,000.00 2.89 67,433.33 20,000,00000 20,008,38000 Detail of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: Marc ,2008 (Excluding Cash/MoneyFund) 1 SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE JP MORGAN CHASE CERT DEPOS 48123PRL1 A-I+ 25,000,000 00 2 850 8/19/2008 2/19/2008 25,000,000 00 2 85 83,125.00 25,000,000 00 25,006,612 50 BARCLAYS BANK PLC NY CERT DEPOS 0673P2ZT2 A-I+ 45,000,000 00 3 020 8/28/2008 2/28/2008 45,000,000.00 3.02 124,575 00 45,000,000 00 45,045,369 00 BNP PARIBAS SF CERT DEPOS 05566QPG6 A-1+ 45,000,000 00 2 570 9/26/2008 3272008 45,000,000 00 2 57 16,062 50 45,000,000 00 44,959,671 90 NORDEA BANK FIN NY CERT DEPOS 65556EU24 A-1+ 50,000,000 00 4 820 10/22/2008 3/27/2008 50,619,205 40 2 60 1,084,500 00 50,604,392 00 50,567,240 00 925,000,000 00 925,648,768 59 3 52 12,719,274.53 925,609,721.35 926,323,001.05 COMMERCIAL PAPER BNP PARIBAS FINANCE INC COMM PAPER 0556N0D10 A-I+ 50,000,000 00 4/1/2008 3/31/2008 49,995,833 33 300 000 50,000,000.00 49,996,050 00 BNP PARIBAS FINANCE INC COMM PAPER 0556N0D10 A-I+ 29,000,000 00 4/12008 3/312008 28,997,583.33 300 000 29,000,000 00 28,997,709 00 CITIGROUP FUNDING INC COMM PAPER 17307RD27 A-1+ 25,000,000.00 422008 1/82008 24,740,277 78 4 45 0 00 24,996,944 50 24,996,025.00 SOCIETE GENERALE NA COMM PAPER 83365RD44 A-I+ 25,000,000 00 4/4/2008 1/42008 24,718,784.72 4 50 000 24,990,729.25 24,992,050 00 BANK OF AMERICA CORP COMM PAPER 0660P0D83 A-I+ 25,000,000 00 4/82008 12/10/2007 24,595,833 33 4 93 000 24,976,423 50 24,983,975 00 BANK OF AMERICA CORP COMM PAPER 0660P0D91 A-I+ 25,000,000 00 4/92008 12/10/2007 24,592,465.28 4 93 0 00 24,973,055.50 24,982,025 00 SOCIETE GENERALE NAMER COMM PAPE 83365RDH5 A-1+ 25,000,000 00 4/17/2008 1/15/2008 24,748,770 83 3 93 000 24,956,777 75 24,966,950 00 SOCIETE GENERALE NA COMM PAPER 83365RDQ5 A-1+ 25,000,000 00 4/24/2008 1242008 24,793,354.17 3.30 000 24,947,770 75 24,953,950 00 JP MORGAN CHASE&CO COMM PAPER 4662J0E16 A-1+ 25,000,000.00 5/1/2008 1/31/2008 24,811,680 56 3 00 000 24,937,916 75 24,940,575 00 UBS FINANCE DELAWARE LLC COMM PAPE 90262CE I I A-I+ 50,000,000 00 5/12008 2/132008 49,675,000 00 302 0 00 49,875,000 00 49,882,450 00 UBS FINANCE DELAWARE LLC COMM PAPE 90262CE52 A-l+ 50,000,000 00 5/52008 2/122008 49,654,743 06 3 02 000 49,858,569 50 49,867,300 00 BARCLAYS USFUNDINGLLCCOMMPAPER 067371{EKI A-I+ 25,000,00000 5/19/2008 2/21/2008 24,815,138.89 305 000 24,899,166.75 24,907,37500 BARCLAYS US FUNDING LLC COMM PAPER 06737HEN5 A-I+ 25,000,000 00 5/22/2008 2/21/2008 24,808,836 81 3 05 000 24,892,864 50 24,901,925 00 BARCLAYS US FUNDING LLC COMM PAPER 06737HEP0 A-I+ 25,000,000 00 5/23/2008 2/22/2008 24,810,100.69 3 03 000 24,891,486 00 24,900,100.00 BARCLAYS US FUNDING LLC COMM PAPER 06737HET2 A-1+ 25,000,000 00 5/27/2008 2252008 24,806,097.22 3.06 0.00 24,881,972 25 24,892,900 00 CITIGROUP FUNDING INC COMM PAPER 17307RF66 A-1+ 25,000,000 00 6/6/2008 3/6/2008 24,808,333 33 3 02 000 24,862,500 00 24,874,150 00 CITIGROUP FUNDING INC COMM PAPER 17307RFA7 A-1+ 25,000,000.00 6/10/2008 3/72008 24,805,381 94 297 000 24,856,597 25 24,866,525 00 SVENSKA HANDELSBANKENCOW(PAPER 86958TFG7 A-I+ 30,000,000.00 6/16/2008 3/17/2008 29,810,416 67 2 52 000 29,841,666 60 29,826,03000 CifIGROUP FUNDING INC COMM PAPER 17307RG99 A-I+ 25,000,00000 7/92008 3/20/2008 24,801,125 00 260 0.00 24,822,625 00 24,811,100.00 CALYON NORTH AMERICA INC COMM PAP 13170RH42 A-1+ 45,000,000 00 8/4/2008 3/3/2008 44,459,075 00 2.84 000 44,560,937 70 44,572,23000 GENERAL ELEC CAP CORP COMMERCIAL P 36959HH42 A-I+ 30,000,000 00 8/4/2008 3/5/2008 29,654,200.00 2 76 000 29,715,624 90 29,714,820 00 CALYON NORTH AMERICA INC COMM PAP 13170RHD2 A-l+ 25,000,000 00 8/13/2008 2/14/2008 24,641,142 36 2 90 000 24,734,326 50 24,745,950 00 BANK OF AMERICA CORP COMM PAPER 0660P01-1F3 A-I+ 50,000,000.00 8/15/2008 2/27/2008 49,322,361 I I 2 91 000 49,457,88900 49,478,850,00 CALYONNORTHAMERICA INC COMM PAP 13170RHV2 A-I+ 30,000,000 00 8/29/2008 2/29/2008 29,581,400.00 2 80 0.00 29,655,000 00 29,660,370 00 739,000,000 00 732,447,935.41 3 21 0.00 735,585,843.95 735,711,384 00 ii : 411411JU4 Detail of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: Marc ,2008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P , MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE CORPORATE NOTE BANK OF AMERICA CORP GLOBAL SR NOT 060505BC7 AA 5,000,000 00 3 250 8/15/2008 7/12/2007 4,886,950 00 5.41 20,763.89 4,960,901 15 5,002,929 69 ASSOCIATES CORP NA(CITE GL SR NOTES 046003JT7 AA- 4,290,000 00 6 250 11/1/2008 6/25/2007 4,336,074 60 5 41 111,718 75 4,310,450 09 4,335,842 94 ASSOCIATES CORP NA(C177)GL SR NOTES 04600311'7 AA- 5,000,000 00 6 250 11/1/2008 625/2007 5,054,400 00 5 40 130,208 33 5,024,141 50 5,053,43000 GENERAL ELEC CAP CORP GLOBAL SR FR 36962GT53 AAA 3,000,000 00 5 173 12/12/2008 10/23/2007 3,001,560 00 5 69 4,902.08 3,000,956 25 3,005,841 00 CITIGROUP INC GLOBAL SR FLOATING NOi 172967DF5 AA- 15,000,000 00 4 898 12/262008 10/9/2007 14,985,300 00 5 32 5,614 58 14,991,093 90 14,978,61000 CITIGROUP INC GLOBAL SR FLOATING NOi I72967DG3 AA- 3,410,000 00 3 291 1/302009 10/2/2007 3,401,168 10 5 33 19,328 78 3,404,475 53 3,379,395 25 BANK OF AMERICA CORP GLOBAL SR NOT 060505BH6 AA 10,000,000 00 3 375 2/172009 3/72008 10,051,300 00 2.82 41,250 00 10,047,713 50 10,004,090 00 BANK OF AMERICA NA SR FLOATING BK N 06050TKK7 AA+ 1,300,000 00 3 089 2/272009 10/2/2007 1,296,451 00 5 37 3,793 07 1,297,707 65 1,297,363.60 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 7,000,000 00 4 125 9/1/2009 3/17/2008 7,124,530 00 2 87 24,062 50 7,121,254 98 7,090,657 00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,000,000 00 4 125 9/12009 3/252008 10,184,300 00 2 80 34,375 00 10,182,191 20 10,129,51000 64,000,000 00 64,322,033 70 4.30 396,016.98 64,340,885.75 64,277,669.48 FED AGY BOND/NOTE FHLMC MTN(EX-CALLABLE) 3128X0W39 AAA 10,000,000 00 3 350 4/1/2008 3/3/2006 9,675,037 29 5 02 167,500 00 10,000,000 00 10,000,000 00 FHLB GLOBAL BONDS(EX-CALL4BLE) 3133XBEE I AAA 15,000,000 00 4 430 4/7/2008 4/12/2006 14,787,600 00 5 19 321,175 00 14,998,150 20 15,004,687.50 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XBEE1 AAA 15,000,000 00 4 430 4/7/2008 4/21/2006 14,795,550 00 5.17 321,175 00 14,998,199 85 15,004,687 50 FNMA NOTES(EX-CALL4BLE) 3136F6X79 AAA 10,000,000 00 4 400 4/72008 8/2/2005 9,964,900.00 4 54 212,666 67 9,999,774 70 10,003,125.00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133X80R0 AAA 15,000,000 00 4 600 4/11/2008 4/17/2006 14,823,015 00 5 23 325,833 33 14,997,427 50 15,009,375 00 FFCB DESIGNATED BONDS 31331W81 AAA 10,000,000 00 3 000 4/15/2008 3/8/2006 9,601,300 00 5 02 138,333 33 9,992,336 70 10,003,125 00 FHLMC GLOBAL REFERENCE NOTES 3134A2DT2 AAA 10,000,000 00 5 750 4/15/2008 3/30/2006 10,131,800 00 5.06 265,138 89 10,002,613 50 10,012,500 00 FHLB BONDS(EX-CALL4BLE) 3133X5ZR2 AAA 15,000,000 00 3 530 4/29/2008 10/132006 14,639,347 50 5 17 223,566 67 14,981,365 65 15,014,062.50 FHLB TAP BONDS 3133X7EX8 AAA 10,000,000 00 4 000 5/15/2008 3/22/2006 9,795,400 00 5 01 151,111 11 9,987,905 00 10,018,750 00 FHLB TAP BONDS' 3133X7EX8 AAA 10,000,000 00 4 000 5/15/2008 3/28/2006 9,793,900 00 5 03 151,111 I I 9,987,722 20 10,018,750 00 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MRW5 AAA 10,695,000 00 2 875 5/19/2008 1/12/2006 10,261,638 60 4 71 112,743 13 10,669,392 32 10,701,684 38 FNMA NOTES(EX-CALL4BLE) 3136F3UF1 AAA 5,000,000 00 2 950 5/21/2008 10/26/2005 4,797,543.50 464 53,263 89 4,988,536 70 5,003,125 00 FFCB BONDS 31331 VLG9 AAA 10,000,000.00 4 700 5/23/2008 1/9/2006 10,003,700 00 4 68 167,111 11 10,000,225 50 10,031,250 00 FFCB BONDS 31331VAW6 AAA 10,000,000 00 4 200 5/28/2008 10/26/2005 9,902,909.00 460 143,500 00 9,993,762 70 10,028,125 00 FNMA BONDS(EX-CALLABLE) 3136F3TPI AAA 15,000,000.00 3.150 5/28/2008 223/2006 14,424,591 99 496 161,437 50 14,958,052 80 15,018,750 00 FHLMC MTN(EX-CALL4BLE) 3128X4BD2 AAA 10,000,000 00 4 350 6/2/2008 8/14/2006 9,840,700 00 5 29 143,791 67 9,984,558 40 10,032,150.00 FHLMC MTN(EX-CALL4BLE) 3128X4BD2 AAA 15,000,000.00 4.350 6/2/2008 8/152006 14,756,400 00 5.31 215,687 50 14,976,348 00 15,048,225.00 FHLB BONDS 3133M4NX7 AAA 4,500,000.00 6 000 6/11/2008 3242006 4,585,050.00 5 08 82,500.00 4,507,832.39 4,530,937 50 9 < < 114 ,1 I Detail of Securities Held: 76990800 SAN BERNARDINO COUN MONTH ENDED: Marc' , 008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FHLB TAP BONDS 3133XBSV8 AAA 10,000,000 00 4 000 6/13/2008 3/2/2006 9,789,500 00 499 120,000 00 9,980,777 50 10,031,250.00 FHLB TAP BONDS 3133XBSV8 AAA 10,000,000 00 4 000 6/13/2008 317/2006 9,779,221 81 504 120,000 00 9,979,711.30 10,031,250 00 FHLB BONDS 3133XEJ19 AAA 10,000,000 00 4 625 6/13/2008 2/15/2006 - 9,926,800 00 4 96 138,75000 9,993,40800 10,043,750 00 FFCB MTN 3133IRWP6 AAA 7,615,000 00 5 790 6/23/2008 1/11/2006 7,805,984 20 4 69 120,025 09 7,633,590 12 7,672,653.17 FHLMC MTN(EX-CALLABLE) 3128X1MH7 AAA 10,000,000 00 2 700 6/25/2008 1/11/2006 9,544,200 00 4 69 72,000 00 9,954,71790 10,006,330 00 FHLMC MTN(EX-CALLABLE) 3128XIM1-17 AAA 10,000,000.00 2 700 6/25/2008 3/24/2006 9,506,700 00 504 72,000 00 9,946,699 00 10,006,33000 FFCB BONDS 31331 VFP6 AAA 10,000,000 00 4 650 7/9/2008 2/13/2006 9,936,550 00 4 93 105,916 67 9,992,534 00 10,059,375 00 FNMA NOTES(EX-CALLABLE) 3136F3Q58 AAA 5,100,000 00 3 050 7/16/2008 6/1/2006 4,874,478 00 5 28 32,406 25 5,067,751 17 5,109,562 50 FFCB BONDS 31331VZU3 AAA 12,300,000.00 5 240 7/18/2008 6/I/2006 12,293,35800 5 27 130,694 33 12,298,940 11 12,399,937 50 FHLB GLOBAL BONDS(EX-CALLABLE) 3 1339YVV1 AAA 15,000,000 00 3 375 7/21/2008 9/19/2006 14,528,550 00 5 19 98,437.50 14,919,079 80 15,042,187 50 FHLMC MTN(EX-CALLABLE) 3128X32X0 AAA 10,000,000 00 4.000 7/24/2008 5/12/2006 9,732,300 00 5 30 74,444 44 9,960,182 70 10,048,970 00 FNMA NOTES(EX-CALLABLE) 31359MYF4 AAA 10,000,000 00 4 400 7/28/2008 7/28/2005 9,968,200 00 4 51 77,000.00 9,996,359 90 10,062,500 00 FNMA NOTES(EX-CALL4BLE) 3136F3X35 AAA 6,000,000 00 3 100 7/28/2008 1/9/2006 5,775,240 00 4 67 32,550 00 5,970,026 22 6,011,250 00 FNMA NOTES(EX-CALLABLE) 3136F3X35 AAA 8,875,000 00 3 100 7/28/2008 1/13/2006 8,537,572 50 4 70 48,146 88 8,829,797 94 8,891,640.63 FNMA NOTES(EX-CALLABLE) 3136F33N4 AAA 15,000,000 00 3.290 8/4/2008 1/I 1/2007 14,599,305 00 5 09 78,137 50 14,910,186 90 15,042,187.50 FNMA NOTES(EX-CALL4BLE) 3136F6XW4 AAA 6,330,000 00 4 000 8/8/2008 3/31/2006 6,173,017 60 5 12 37,276 67 6,305,397.19 6,365,606 25 FNMA NOTES(EX-CALLABLE) 3136F35R3 AAA 10,000,000.00 3 650 8/11/2008 1/24/2006 9,755,600.00 4 68 50,694.44 9,963,719.80 10,043,750 00 FHLB TAP BONDS 3133X0LJ6 AAA 5,745,000 00 3 750 8/15/2008 4/7/2006 5,571,960 60 5 12 27,528.13 5,716,405 47 5,773,725 00 FHLB TAP BONDS 3133X0LJ6 AAA 6,000,000 00 3 750 8/15/2008 1/11/2007 5,877,864.54 5 09 28,750 00 5,970,751 14 6,030,000 00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000 00 3.250 8/15/2008 2/2/2006 14,456,400.00 4 78 62,291.67 14,916,360 60 15,046,875 00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000.00 3 250 8/15/2008 5/18/2006 14,370,300.00 5 26 62,291 67 14,890,802 40 15,046,875 00 FHLB BONDS(EX-CALLABLE) 3133X0BF5 AAA 5,000,000.00 3.500 822/2008 6/1/2006 4,815,150 00 5 28 18,958.33 4,966,034 90 5,020,312 50 FHLB GLOBAL JUMBO SENIOR NOTES 3133M5JV3 AAA 15,000,000 00 5 800 9/2/2008 3/31/2006 15,229,350 00 5 11 70,083.33 15,041,846 85 15,210,937 50 FHLB BONDS(EX-CALLABLE) 3133XCX40 AAA 15,000,000.00 4 500 9/8/2008 1/31/2006 14,893,65000 4 79 43,125 00 14,981,397 45 15,135,937 50 FHLB BONDS 3133M5NB2 AAA 10,000,000.00 5.670 9/10/2008 1/27/2006 10,212,600 00 4 79 33,075.00 10,037,777.40 10,143,750.00 FHLB TAP BONDS 3133XCSA2 AAA 6,295,000 00 4 250 9/12/2008 2/2/2007 6,203,785.45 5.20 14,120 03 6,269,039 73 6,346,146.88 FHLB TAP BONDS 3133XEFZ7 AAA 10,000,000.00 4 625 9/12/2008 3/30/2006 9,889,300 00 5 11 24,409 72 9,978,83690 10,100,000 00 FHLB TAP BONDS 3133XHJG8 AAA 8,000,000 00 5 000 9/12/2008 11/14/2006 8,000,000 00 5 00 21,111 I I 8,000,000 00 8,092,500 00 I FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTF0 AAA 5,654,000 00 3 750 9/15/2008 9/19/2006 5,501,850 86 5 19 9,423 33 5,617,816 55 5,689,337 50 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTF0 AAA 5,950,000 00 3.750 9/15/2008 2/2/2007 5,814,221.00 5 24 9,916.67 5,910,770 34 5,987,187.50 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4MQ1 AAA 15,000,000.00 4 480 9/19/2008 11/14/2006 14,863,890 00 5 00 22,400.00 14,964,692 55 15,145,290 00 I it : ii : Diliptai4d Detail of ecurities Held: 76990800 SAN BERNARDINO COUN MONTH ENDED: Marc ,2008 (Excluding CashiMoneyFund) - SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FHLMCGLOBAL NOTES(EX-CALLABLE) 3128X4MQI AAA 10,000,000.00 4 480 9/19/2008 11/16/2006 9,909,500 00 5 00 14,933 33 9,976,459 80 10,096,860 00 FFCB BONDS 31331 SEV I AAA 8,000,000 00 3 300 10/3/2008 4/13/2007 7,801,669 60 5 07 130,533 33 7,930,280 08 8,040,000 00 FFCB BONDS 31331XUV2 AAA 6,900,000 00 4 950 10/9/2008 4/13/2007 6,890,20200 5 05 163,185 00 6,896,498 53 6,992,718 75 FFCB BONDS 31331 VDG8 AAA 10,000,000 00 4 580 10/20/2008 2/1/2006 9,945,800 00 4 79 204,827 78 9,988,564 70 10,121,875 00 FFCB BONDS 31331 VDG8 AAA 10,000,000 00 4 580 10/20/2008 11/7/2006 9,908,50000 5.08 204,827 78 9,973,283 40 10,121,875 00 FFCB BONDS 31331 THX2 AAA 15,000,000 00 3 625 10/24/2008 11/16/2006 14,629,200 00 4 98 237,135 42 14,888,731 65 15,107,812 50 FHLB STEP CPN BONDS(EX-CALLABLE) 3133XDNN7 AAA 12,315,000 00 5 000 10/27/2008 5/2/2007 12,311,798 10 5 02 263,404 17 12,313,781 18 12,499,725 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4ST9 AAA 10,000,000 00 4 900 11/3/2008 8/29/2007 10,014,700 00 4 76 201,444 44 10,007,776 10 10,152,860 00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000.00 4 900 11/3/2008 5/4/2007 9,975,800 00 5 07 201,444 44 9,990,286 20 10,150,000 00 FNMA GLOBAL NOTES 3I398AAF9 AAA 10,000,000 00 4.900 11/3/2008 5/4/2007 9,975,766 62 5 07 201,444 44 9,990,272 80 10,150,000 00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XDRX1 AAA 5,630,000 00 5.020 11/7/2008 12/18/2006 5,639,972 98 4 92 113,050,40 5,633,365.67 5,717,968 75 FHLB BONDS(EX-CALL4BLE) 3133X1VY0 AAA 3,660,000 00 4 000 11/14/2008 12/18/2006 3,599,646 60 4 92 55,713 33 3,639,845 73 3,697,743.75 FHLB FLOATING GLOBAL BONDS 3133XKNQ4 AAA 6,000,000 00 2 908 11/14/2008 11/27/2007 6,000,000 00 4 71 22,779 33 6,000,000.00 6,003,384 00 FNMA GLOBAL BENCHMRKNOTES(EX-C 3I359MTQ6 AAA 10,000,000 00 3 875 11/17/2008 2/10/2006 9,734,700 00 4 91 144,236 11 9,936,954 40 10,093,750 00 FFCB BONDS 31331XDW9 AAA 15,000,000.00 4 875 11/10/2008 1/12/2007 14,953,650 00 5 05 266,093 75 14,983,986 00 15,243,750 00 FFCB BONDS 3133IXDW9 AAA 5,000,000.00 4 875 I 1/20/2008 1/12/2007 4,984,370.00 5 05 88,697 92 4,994,598 50 5,081,250 00 FHLB GLOBAL BONDS 3133X1CRM9 AAA 15,000,000 00 5 000 11/21/2008 7/6/2007 14,947,315 50 5 26 270,833 33 14,975,532 45 15,248,437 50 FNMA NOTES(EX-CALLABLE) 3136F3UG9 AAA 9,000,000.00 3 200 11/28/2008 2/6/2006 8,603,190 00 490 98,400 00 8,902,467 09 9,050,625 00 FHLB TAP BONDS 3133XDT76 AAA 10,000,000 00 4 750 12/12/2008 4/26/2006 9,883,800 00 523 143,819.44 9,967,850 20 10,166,750 00 FHLB TAP BONDS 3133XDT76 AAA 15,000,000 00 4 750 12/12/2008 12/14/2006 14,954,850 00 4 91 215,729 17 14,983,767 60 15,253,125 00 FHLB TAP BONDS 3133XH11J6 AAA 15,000,000 00 5 000 12/12/2008 12/14/2006 15,023,625.15 4.91 227,083.33 15,008,520 90 15,276,562.50 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000 00 5 000 12/12/2008 122007 14,992,830.00 5 02 227,083 33 14,997,523 65 15,276,562 50 FFCB BONDS 31331SJJ3 AAA 10,000,000 00 3 650 12/17/2008 4/262006 9,616,000 00 522 105,444 44 9,891,804 20 10,093,750 00 FHLB GLOBAL BONDS 3133XLIL8 AAA 15,000,000 00 5 250 12/24/2008 7/6/2007 14,997,300 00 5 26 212,187 50 14,998,792 95 15,318,750 00 FFCB BONDS 31331 V6A9 AAA 15,000,000.00 5 000 1229/2008 12/14/2006 15,028,800 00 490 191,666.67 15,010,799.55 15,295,312 50 FFCB BONDS 31331 V6A9 AAA 15,000,000 00 5 000 1229/2008 12/21/2006 15,020,55000 4 93 191,666 67 15,007,782 60 15,295,312 50 FFCB BONDS 31331XCF7 AAA 15,000,000.00 5 100 1/5/2009 12/15/2006 15,061,800 00 4 89 182,750 00 15,023,475 45 15,314,062 50 FHLB FLOATING GLOBAL BONDS 3I33XLMS9 AAA 10,000,000.00 4 476 1/5/2009 10/5/2007 10,001,280 00 5 09 108,176.04 10,000,779 70 10,002,500.00 FHLMC GLOBAL NOTES(EX-CALL4BLE) 3128X2ME2 AAA 15,000,000 00 3 875 1/12/2009 4/16/2007 14,713,050 00 5 03 127,552 08 14,868,788 10 15,182,812 50 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X2ME2 AAA 15,000,000 00 3 875 1/12/2009 6/7/2007 14,687,997.00 5 25 127,552.08 14,844,90660 15,182,812 50 FFCB DESIGNATED BONDS 31331 SNF6 AAA 15,000,000.00 3 750 1/15/2009 5/4/2006 14,452,500 00 5 22 118,750 00 14,832,519.15 15,168,750.00 Ii r I7 i 1 Detail of Securities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: March 008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL WM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FFCB DESIGNATED BONDS 31331 SNF6 AAA 10,000,000 00 3 750 1/15/2009 6232006 9,590,600 00 5 48 79,166 67 9,868,15600 10,112,500 00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359ME74 AAA 5,000,000 00 5 000 1/23/2009 6/14/2007 4,972,200 00 5.36 47,222 22 4,985,855 85 5,107,812 50 FHLMC M7N(EX CALLABLE) 3128X3034 AAA 10,000,000 00 4 000 1/29/2009 6/13/2007 9,803,400 00 5 27 68,888 89 9,898,376 80 10,139,160 00 FHLB BONDS 3133XJTC2 AAA 10,000,000 00 5 125 2/2/2009 4/10/2007 10,016,700 00 5 02 83,993 06 10,008,23590 10,234,375 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAA7 AAA 10,000,000 00 4 875 2/172009 6/29/2006 9,841,300.00 5 53 59,583 33 9,944,853 90 10,225,000 00 FFCB BONDS 31331VZK5 AAA 11,280,000 00 5 260 2/182009 6/15/2006 11,254,845 60 5.35 70,869 73 11,271,173 17 11,569,050 00 FFCB BONDS 31331 VZK5 AAA 7,670,000 00 5 260 2/182009 6/22/2006 7,632,800 50 5 46 48,188 91 7,656,998 74 7,866,543 75 !, FHLMC MTN(EX-CALLABLE) 3128X4C41 AAA 11,235,000 00 5 000 2/23/2009 4/10/2007 11,230,961.02 5 02 59,295.83 11,233,351 04 11,503,595 15 FFCB BONDS 31331XQM7 AAA 10,725,000.00 5 000 2232009 4/10/2007 10,721,568 00 5 01 56,604 17 10,723,633 10 10,979,718 75 FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 10,700,000 00 3 740 2/242009 12/15/2006 10,442,237 00 4 91 41,129 61 10,591,514 63 10,837,093 75 FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 17,950,000.00 3.740 2242009 7/6/2007 17,517,225 50 5 30 68,997.81 17,708,464 62 18,179,984 38 FHLB TAP BONDS 3133XEN96 AAA 10,000,000 00 4 750 3/13/2009 5/10/2007 9,963,400 00 4 96 23,750 00 9,981,050 40 10,231,250 00 FHLB TAP BONDS 3133XFEQ5 AAA 15,000,000 00 5 250 3/13/2009 4/10/2007 15,065,400 00 5 01 39,375 00 15,033,347 10 15,417,187 50 FHLB TAP BONDS 3133XFEQ5 AAA 12,670,000 00 5 250 3/13/2009 5/11/2007 12,726,888 30 4 99 33,258 75 12,700,486 55 13,022,384 38 FHLMC GLOBAL REFERENCE NOTES 3134A3EM4 AAA 20,000,000 00 5.750 3/15/2009 6/6/2007 20,177,000 00 5 22 51,111 I 1 20,098,247 80 20,650,000 00 FFCB BONDS 31331 VTGI AAA 10,000,000 00 5 080 3/16/2009 6212006 9,901,800 00 5 47 21,166.67 9,964,276 70 10,262,500 00 FFCB BONDS 31331XVG4 AAA 15,000,000 00 4 875 4/13/2009 4/132007 14,974,950 00 4 96 341,250 00 14,986,755 75 15,393,750.00 FFCB BONDS 3133IXVG4 AAA 15,000,000 00 4.875 4/13/2009 5/18/2007 14,965,050 00 500 341,250 00 14,981,011 05 15,393,750 00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359M1JW 1 AAA 5,000,000 00 3 850 4/14/2009 5/16/2007 4,896,15000 5 00 89,298 61 4,942,600 85 5,079,687 50 FHLMC GLOBAL REFERENCE NOTES 3134A4UQ5 AAA 15,000,000 00 3.375 4/152009 5/182007 14,560,440.00 5 00 233,437.50 14,755,933 95 15,168,750 00 FHLB BONDS(EX-CALLABLE) 3133M8114 AAA 10,000,000.00 5 823 5/6/2009 12262006 10,204,530 00 4 89 234,537 50 10,098,207 60 10,384,375.00 FHLB BONDS(EX-CALLABLE) 3133M8A4 AAA 10,000,000 00 5.823 5/6/2009 12/26/2006 10,206,100 00 4 89 234,537 50 10,098,954.40 10,384,375.00 FHLB FLOATING GLOBAL BONDS 3133XNCD9 AAA 10,000,000 00 2 860 5202009 12/10/2007 9,996,000 00 4 74 32,572 22 9,996,857 70 9,999,740 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000 00 5 250 5/21/2009 5/21/2007 15,062,85000 5 03 284,375 00 15,036,514 05 15,501,562 50 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000 00 5 250 5212009 5232007 15,058,200 00 504 284,375 00 15,033,935 40 15,501,562 50 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000 00 5.250 6/12/2009 4/17/2007 10,052,981.34 4 98 158,958.33 10,030,510 40 10,350,000 00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000 00 5 250 6/12/2009 4/172007 10,052,981 34 4 98 158,958 33 10,030,510 40 10,350,000 00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000 00 5 250 6/122009 5232007 10,036,000 00 5 06 158,958 33 10,021,602 50 10,350,000 00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000 00 5 250 6/12/2009 5/30/2007 10,021,300 00 5 14 158,958 33 10,012,915 60 10,350,000 00 FHLB TAP BONDS 3133XFLG9 AAA 25,000,000 00 5 250 6/122009 7/9/2007 24,974,000 00 5 31 397,395 83 24,984,234 75 25,875,000.00 FFCB BONDS 31331HXL6 AAA 6,630,000,00 6.750 7/7/2009 1/29/2007 6,872,061 30 5 14 104,422 50 6,759,455.92 7,000,865 63 ' / 1 Iii , _1, Detail of Securities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: March , 008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FHLB FLOATING GLOBAL BONDS 3I33XNWX3 AAA 10,000,000 00 3 880 7/16/2009 1/16/2008 9,995,600 00 3 91 80,833.33 9,996,199 30 9,993,71000 FFCB DESIGNATED BONDS 31331SQ89 AAA 6,370,000 00 4 125 7/17/2009 1/29/2007 6,225,337 30 5 12 54,012 29 6,291,984 95 6,521,287 50 FFCB DESIGNATED BONDS 31331 SQ89 AAA 10,000,000 00 4 125 7/17/2009 1/29/2007 9,774,900 00 5 11 84,791.67 9,878,612 30 10,237,500 00 FFCB DESIGNATED BONDS 31331SQ89 AAA 15,000,000 00 4 125 7/17/2009 5/25/2007 14,716,050 00 5 07 127,187 50 14,825,659 35 15,356,250 00 FNMA NOTES(EX-CALL4BLE) 3136F7EZ6 AAA 10,000,000 00 4 500 7/27/2009 1/25/2007 9,863,300 00 509 80,000.00 9,925,815 30 10,290,625 00 FHLB GLOBAL BONDS 3I33XLUM3 AAA 10,000,000 00 5 125 8/5/2009 9/6/2007 10,097,500 00 4 58 79,722 22 10,069,677 00 10,378,125 00 FHLB GLOBAL BONDS 3I33XLUM3 AAA 10,000,000 00 5 125 8/5/2009 10/9/2007 10,097,800 00 4 56 79,722.22 10,073,418 10 10,378,125 00 FHLB TAP BONDS 3133XGJ88 AAA 15,000,000 00 5 250 9/11/2009 12/22/2006 15,138,600 00 4 88 43,75000 15,076,486.35 15,609,375 00 FHLMC GLOBAL REFERENCE NOTES 3134A3M78 AAA 15,000,000.00 6 625 9/15/2009 5/29/2007 15,485,250 00 5 11 44,166.67 15,315,186 00 15,932,812 50 FHLB VARIABLE BONDS(EX-CALL4BLE) 3 133X8GZ9 AAA 10,000,000 00 4 500 9/16/2009 1/26/2007 9,847,343.00 5 12 18,750 00 9,913,477 90 10,321,875 00 FFCB BONDS 31331 V4M5 AAA 15,000,000 00 5 000 9/2 1/2009 10/25/2006 14,953,650 00 5 l 1 20,833 33 14,976,050 55 15,600,000 00 FFCB BONDS 31331V4M5 AAA 10,000,000 00 5 000 9/21/2009 10/25/2006 9,967,000 00 5 12 13,888.89 9,982,930 90 10,400,000 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X3WY5 AAA 4,302,000 00 4 000 9/22/2009 1/26/2007 4,183,953 12 5 12 4,302 00 4,234,629 22 4,409,941 48 FHLB BONDS 3133X1-17E6 AAA 10,000,000 00 5.000 10/2/2009 5/29/2007 9,976,400.00 5 1 I 248,611 I I 9,984,982 60 10,406,250 00 FHLB GLOBAL BONDS(CALLABLE) 3133XMSJI AAA 10,000,000 00 4 625 11/2/2009 11/29/2007 9,999,300 00 4 63 191,423 61 9,999,63000 10,021,875 00 FHLB TAP BONDS 3133MABK4 AAA 10,000,000 00 6.500 11/13/2009 6/12/2007 10,275,300 00 5 27 245,555 56 10,188,016 00 10,668,750 00 FHLB FLOATING GLOBAL BONDS 3133XNDGl AAA 10,000,000 00 2.890 11/20/2009 11/27/2007 10,000,000 00 4.88 32,913 89 10,000,000 00 9,995,940 00 FHLB FLOATING GLOBAL BONDS 3133XNDG1 AAA 10,000,000 00 2 890 1 1/20/2009 11/27/2007 10,000,000 00 4 88 32,913 89 10,000,000 00 9,995,940 00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 10,000,000.00 2 908 11/23/2009 12/4/2007 9,997,000 00 484 30,690 28 9,997,495 80 9,998,690 00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000 00 2.908 11/23/2009 12/6/2007 14,995,500.00 4 84 •46,035 42 14,996,233 35 14,998,03500 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000 00 2.908 11/23/2009 12/10/2007 14,995,350.00 484 46,035.42 14,996,085 90 14,998,035.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000.00 2 908 11/23/2009 1221/2007 15,004,140.00 4 81 46,035.42 15,003,539.25 14,998,03500 FNMA GLOBAL BONDS 31359M2S1 AAA 15,000,000 00 4 625 12/15/2009 6/11/2007 14,783,100 00 5 25 204,270 83 14,849,829 15 15,585,937 50 FHLB FLOATING GLOBAL BONDS 3133XNX95 AAA 10,000,000 00 4.460 1/8/2010 1/16/2008 10,009,280 00 4.41 102,827 78 10,008,304 50 9,986,910 00 FNMA NOTES(CALLABLE) 31359M7T4 AAA 10,000,000.00 5 300 4/16/2010 10/12/2007 10,010,800 00 5 25 242,916 67 10,000,886 60 10,012,500 00 FHLMC GLOBAL NOTES(CALLABLE) 3 128X6LT1 AAA 10,000,000 00 5 250 9/3/2010 10/10/2007 10,019,500.00 5 17 40,833 33 10,009,505 10 10,108,190 00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA . 10,000,000 00 5 200 9/10/2010 10/15/2007 10,013,600 00 5 15 30,333.33 10,006,969 80 10,125,000 00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA 15,000,000 00 5 200 9/10/2010 10/16/2007 15,010,500 00 5 17 45,500 00 15,005,594 25 15,187,50000 FHLMC MTN(CALLABLE) 3128X6ML7 AAA 15,000,000 00 5.000 10/1/2010 10/10/2007 14,991,75000 5 02 375,000 00 14,993,173 95 15,195,090 00 FHLMC MTN(CALLABLE) 3128X6ML7 AAA 15,000,000 00 5 000 1011/2010 10/11/2007 14,978,700 00 5.05 375,000.00 14,982,084 75 15,195,090 00 FFCB NOTES 31331X6M9 AAA 25,000,000.00 4.500 10/4/2010 3/27/2008 26,177,25000 256 553,125.00 26,172,297.25 26,226,562.50 Hi Iir F Detail of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: March 008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FNMA GLOBAL NOTES(CALLABLE) 31398AHN5 AAA 10,000,000 00 5 000 10/15/2010 10/15/2007 9,993,500 00 5 02 230,555 56 9,994,438 20 10,140,625 00 FNMA GLOBAL NOTES(CALLABLE) 31398AHX3 AAA 10,000,000 00 5 020 10/15/2010 10/31/2007 10,034,000 DO 4 89 231,477 78 10,019,449 10 10,131,250 00 FNMA GLOBAL NOTES(CALLABLE) 3I398AHX3 AAA 10,000,000 00 5.020 10/15/2010 11/1/2007 10,032,200 00 4 90 231,477 78 10,018,434 30 10,131,250 00 FHLMC MTN(CALLABLE) 3128X6VG8 AAA 15,000,000.00 4 650 12/13/2010 12/17/2007 14,979,000 00 4 70 209,250 00 14,980,957 50 15,057,240 00 FHLMC MTN(CALLABLE) 3 128X6VG8 AAA 15,000,000 00 4 650 12/13/2010 12/20/2007 14,999,250 00 4.65 209,250 00 14,999,390 55 15,057,240 00 FFCB BONDS(CALLABLE) 3133IYQJ2 AAA 10,000,000 00 3 850 1/24/201 I 1/25/2008 10,001,562 00 3 84 71,652 78 10,000,986 10 10,043,75000 FFCB BONDS(CALLABLE) 31331YQH6 AAA 10,000,000.00 3 970 1/25/2011 1/25/2008 10,008,000 00 3 94 72,783 33 10,002,133 30 10,009,37500 FFCB BONDS(CALLABLE) 31331YQH6 AAA 10,000,000 00 3.970 1/25/2011 1/29/2008 10,000,000 00 3 97 72,783.33 10,000,000 00 10,009,37500 FFCB BONDS(CALLABLE) 31331YQH6 AAA 5,000,000 00 3 970 1/25/2011 1/30/2008 5,000,000 00 3.97 36,391 67 5,000,000 00 5,004,687 50 FFCB BONDS(CALL4BLE) 3133IYQY9 AAA 5,000,00000 3 625 2/1/2011 2/1/2008 4,986,000 00 3 72 30,208 33 4,986,742 35 5,004,687 50 FFCB BONDS(CALLABLE) 31331YQY9 AAA 10,000,000.00 3 625 2/1/2011 2/1/2008 9,975,000 00 , 3 71 60,416 67 9,976,325 80 10,009,375 00 FHLMC MTN(CALLABLE) 3 128X6F43 AAA 10,000,000 00 3.200 2/4/2011 2/15/2008 9,980,000 00 3 27 50,666.67 9,980,843 30 10,055,850 00 FHLMC MTN(CALLABLE) 3128X6F43 AAA 16,000,000 00 3 200 2/4/2011 3/10/2008 15,992,320 00 3.22 81,066 67 15,992,50960 16,089,360 00 FHLMC MTh(CALLABLE) 3128X6F43 AAA 16,000,000.00 3 200 2/4/2011 3/10/2008 15,991,680 00 3 22 81,066 67 15,991,882 08 16,089,360 00 FHLMC MTN(CALLABLE) 3128X6M78 AAA 10,000,000.00 3 600 2/4/2011 2/4/2008 10,000,000 00 3 60 57,000 00 10,000,000 00 10,036,820 00 FHLMC MTN(CALLABLE) 3128X6053 AAA 9,480,000 00 3 400 2/6/2011 2/13/2008 9,465,780.00 3 45 49,243 33 9,466,401 32 9,508,923 48 FHLMC GLOBAL NOTES(CALLABLE) 3128X6T63 AAA 10,000,000 00 3 750 2/1/2011 2/7/2008 10,003,500 00 3 74 56,250 00 10,002,45000 10,042,81000 FHLB BONDS(CALLABLE) 3I33XPAL8 AAA 5,000,000 00 3 625 2/8/2011 2/8/2008 4,996,250.00 3.65 26,684 03 4,996,425 80 5,006,250 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 10,000,000 00 3 125 2/11/2011 2/14/2008 9,970,400 00 3.23 43,402 78 9,971,645 10 10,050,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 15,000,000.00 3 125 2/11/2011 2/15/2008 14,932,500 00 3.28 65,104 17 14,935,278 60 15,075,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 10,000,000.00 3 125 2/11/2011 2/19/2008 9,955,000.00 3 28 43,402.78 9,956,703 20 10,050,000.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 50,000,000.00 3 125 2/11/2011 3/6/2008 49,872,500 00 3 22 217,013.89 49,875,505.00 50,250,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 17,026,000.00 3 125 2/11/2011 3/7/2008 16,979,178 50 3 22 73,897 57 16,980,237 69 17,111,130 00 FHLMC MTN(CALLABLE) 3128X62F2 AAA 5,000,000 00 3 420 2/14/2011 2/14/2008 4,992,500 00 3 47 22,325 00 4,992,812 50 5,016,470.00 FNMA NOTES(CALLABLE) 3136F8W68 AAA 7,400,000 00 3 400 2/14/2011 2114/2008 7,388,900 00 3 45 32,847.78 7,389,362 65 7,423,125 00 FHLMC MTN(CALLABLE) 3128X6Z66 AAA 10,000,000.00 3 500 2/22/2011 2/22/2008 9,990,000.00 354 37,916 67 9,990,345 50 10,037,770.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 23,000,000 00 3 250 2/25/2011 2/25/2008 22,910,300 00 3 39 74,750 00 22,913,165 80 23,143,750 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 25,000,000.00 3 250 2/25/2011 2/25/2008 24,832,500.00 3.49 81,25000 24,837,844 75 25,156,250 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 25,000,000 00 3 250 2/25/2011 2/27/2008 24,845,000 00 3 47 81,250.00 24,849,68700 25,156,250 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 25,000,000.00 3 250 2/25/2011 2/28/2008 24,883,500.00 3 42 '81,250 00 24,886,929 00 25,156,250.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH I AAA 50,000,000.00 3 250 2/25/2011 3/5/2008 50,000,00000 3 25 162,500 00 50,000,000 00 50,312,500 00 11111 Detail of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: Marc ,2008 (Excluding Cash/MoneyFund) SECURI'T'Y TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FNMA GLOBAL NOTES(CALLABLE) 31398ANHI AAA 50,000,000 00 3.250 2/25/2011 3/5/2008 50,021,900 00 3 23 162,50000 50,020,313 00 50,312,500 00 FHLMC NOTES(CALLABLE) 3128X65E2 AAA 25,000,000 00 3 400 3/3/2011 3/14/2008 25,063,25000 3 31 66,111.11 25,060,202 75 25,196,325 00 FFCB NOTES(CALLABLE) 31331YYR5 AAA 12,500,000 00 3 150 3/24/2011 3/24/2008 12,493,375.00 3 17 7,656 25 12,493,416 25 12,562,500.00 FFCB NOTES(CALLABLE) 31331 YYRS AAA 12,500,000 00 3 150 3/24/2011 3/24/2008 12,490,750.00 3 18 7,656.25 12,490,807 63 12,562,500 00 FFCB NOTES(CALLABLE) 31331YYR5 AAA 12,500,000.00 3 150 3/24/2011 3/24/2008 12,491,750 00 3 17 7,656 25 12,491,801 38 12,562,500 00 FFCB NOTES(CALLABLE) 31331 YYR5 AAA 18,445,000 00 3 150 3/24/2011 3/24/2008 18,447,766 75 3 14 11,297 56 18,447,713 44 18,537,225 00 FHLB NOTES(CALLABLE) 3I33XQDQ2 AAA 20,030,000,00 3 150 3/25/2011 3/25/2008 20,070,660 90 3 08 10,515 75 20,069,988 09 20,130,150 00 j FFCB NOTES 3133ITZN4 AAA 12,150,000 00 3 750 4/7/2011 3/28/2008 12,428,235 00 2 95 220,218 75 12,427,527 99 12,491,718 75 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 25,000,000.00 5 125 4/18/2011 3/122008 26,612,500.00 2 93 580,121 53 26,586,611 00 26,703,125 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 12,000,000 00 5 125 4/182011 3/13/2008 12,773,400.00 2 93 278,458 33 12,761,627 16 12,817,500 00 2,249,127,00000 2,238,327,02746 4.53 22,191,250 14 2,249,481,283.74 2,280,318,708.56 MY MRKT/MUTUAL FND FEDERATED GOVT OBLIGATIONS FUND 60934N104 AAA 1,000,00000 3/28/2008 1,000,000.00 316 0.00 1,000,00000 1,000,00000 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 17,000,000.00 3/10/2008 17,000,000 00 3 16 000 17,000,000 00 17,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 89,000,000 00 2/29/2008 89,000,000 00 3.16 000 89,000,000 00 89,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 25,000,000 00 3/11/2008 25,000,000 00 3 16 ' 000 25,000,000 00 25,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 20,000,000.00 3/14/2008 20,000,000 00 3 16 000 20,000,000 00 20,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 2,000,000 00 3/17/2008 2,000,000 00 3.16 000 2,000,000 00 2,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 4,000,000 00 3/182008 4,000,000 00 3 16 000 4,000,000 00 4,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 22,000,000 00 3/19/2008 22,000,000 00 3 16 000 22,000,000 00 22,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 10,000,000 00 3/24/2008 10,000,000 00 3 16 000 10,000,000 00 10,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 11,000,000 00 3/25/2008 11,000,000 00 3 16 000 11,000,000 00 11,000,000 00 201,000,00000 201,000,00000 3.16 000 201,000,000.00 201,000,000.00 REPO AGREEMENT MORGAN STANLEY TRIPARTY REPO AGRM RE0279761 A-1+ 100,000,000 00 3 070 4/1!2008 3/31/2008 100,000,00000 3 07 8,527 78 100,000,000 00 100,001,090 00 100,000,00000 100,000,00000 3.07 8,527.78 100,000,000.00 100,001,090.00 US TSY BOND/NOTE US TREASURY NOTES 91282813M1 TSY 5,000,000.00 3 125 10/15/2008 11/22/2004 4,957,812.50 3.36 72,148.22 4,993,859 15 5,047,655.00 US TREASURY NOTES 912828BMI TSY 5,000,000 00 3 125 10/15/2008 11/22/2004 4,957,812 50 3 36 72,148 22 4,993,859 15 5,047,655 00 US TREASURY NOTES 912828BM1 TSY 5,000,000 00 3 125 10/15/2008 11/22/2004 4,957,812 50 3 36 72,14822 4,993,859 15 5,047,655 00 15,000,000.00 14,873,43750 3.36 216,444.66 14,981,577.45 15,142,965.00 e % 2 t7 ® A a \ # % # St..) k % . 1.1A • 0 �g k � ¥ '11. Oa # In ƒ 1. v # 4 # % % eevl $ ° 0 V lalle .1 Isar AO 4 iirallih k ® k i c Z CA. # .illiIA % -...0m & tA %k $ azescn ro cll _ `0 %% z a 4 % � os c $ t % 14„ o f $ 4 ° e ...e1 0 # co Los L COUNTY OF LOS ANGELES [7' 4-s M I s TREASURER AND TAX COLLECTOR TT c , cAirroat+9- -1(4cP" 500 WEST TEMPLE STREET 462 KENNETH HAHN HALL OF ADMINISTRATION MARK J. SALADINO LOS ANGELES,CALIFORNIA 90012 TREASURER AND TAX COLLECTOR TELEPHONE April 25, 2008 (213)974-2139 TELECOPIER (213)626-1701 Ms. Judy R. Lancaster Finance Director City of Chino Hills 2001 Grand Avenue Chino Hills, CA 91709 Dear Ms. Lancaster, MONTHLY REPORT OF INVESTMENTS The attachments provide investment-related information for your agency for the month ending March 2008. Summary information regarding your agency's Average Daily Investment Balance Earnings, Earning Rate and Management's Fee are provided in the Recap of Earnings Report. Your agency's transactions for the month are reported in the Balance Sheet Detail Activity by Fund report. You may find supplemental Pooled Surplus Investment information, including our monthly Investment Report to the Los Angeles County Board of Supervisors and our Investment Policy, on our website at http://ttc lacountv.qov, under "Investor Information." If you have any questions, or require additional information, please contact Elizabeth Ginsberg of my staff at (213) 974-7371, or eqinsberqAttc.lacounty.qov. Very truly yours, MARK J. SALADINO Treasurer and Tax Collector Joseph Kelly Assistant Treasurer and Tax Collector JK:tf Attachments Funds: T1R 1111/ . 11 CITY OF CHINO HILLS(Ti R) RECAP OF EARNINGS FOR THE x�OmTH OF MARCH 2008 � , Accrued Annualized Average Daily Annualized Earnings Accrued Cash Management Net Cash Balance of Distribution For The Earnings Undistributed Month Distributed 1) Fee 4) Distnbuted Funds On Deposit Rate Month Rate 2)3) Earnings January $258,055 18 $1,662 55 $256.393.63 $51,238,829 81 6.04% $211,442 06 4.87% $332.231.70 February $144.585.80 $1,662 42 $142,923 38 %52.135.600.64 3 33% $1O0.23525 438% %367.881 15 March $173,272.55 $1,765 22 %171.507.33 $49,628,468 40 4.19°k $160,852 55 3,83% *355.461.15 April $0.00 $0 00 $0 00 $0 00 May $0.00 $0 00 $0.00 $0.00 June $0 00 %0.00 $0 00 $O00 July %U00 $0 00 $0 00 $O08 August $0 00 $00O $0.00 $0.00 ' September $0 00 $0 00 $0 00 $0 00 October $0 00 %0.00 $0.00 $0 00 November $0 00 $0.00 $0.08 $0 00 December $0 00 $0 00 *0.00 $0.00 Total $575,913 53 $5,090 19 $570.823 34 $552.529.86 ' 1) Interest,gains and losses earned and received during the current month plus prior month receivables 2) Accrual basis earnings. Includes both interest received and receivable for the period 3) Difference in Distribution and Earnings rates due to accrued interest not distributed at month end. 4) The management fee rale for the current month isD.O0O03S5S8 S- Viewer- GL-ODBSDF1 Balance Sheet Detail Activity By P of 2 a SI 50 1Yje!• 0.•,Hya .'.:2.1I vv.n,.... Balance Sheet Detail Activity By Fund March 1,2008-March 31,2008 Fiscal Year:2008 Fiscal Period:9 Fund Class:TT15 TTC-ICG LAPIF Fund:T1R Chino Hills Balance Balance Balance Ending Sheet Sheet Sheet Record Beginning Category Class Account Date Document Description Balance Debits Credits Balance Asset 1A Pooled Cash 8 Investments 100 Cash 1000 Cash 50.559.738 57 0.00 0.00 50,559,738 57 03/01/2008 JVA AC IA0390308C 11 JVAACIA0390308C1 1 000 142,923 38 000 50,702,661 95 03/05/2008 JVW TT IP08.105 1 POOLED INVESTMENT FUNDS 000 0 00 (900,000 00) 49,802,681 95 03/13/2008 JVW TT IP08-107 1 POOLED INVESTMENT FUNDS 0 OD 0 00 (1,500,000 00) 48.302,661 95 1 03/19/2008 DP TT INV80000409 1 DEPOSIT TO POOLED INVESTMENT FUNDS-CITY OF CHINO HILLS 0.00 1,500,000 00 0 00 49,802,661 95 Total for 1000 Cash $50,559,738.57 $1,642,923.39 ($2,400,000.00) $49,802,661.95 Total for 100 Cash $50,559,738.57 $1,642,923.38 ($2,400.000.00) $49,802,661.95 Total for 1A Pooled Cash IL Investments $50,559,738.57 $1,642,923.38 ($2,400,000.00) $49,802,661.95 1J Other Receivables 8 Loans Receivable-Short Term 125 Interest Receivable 1450 AC-Interest Receivable 0 00 0 00 0.00 0 00 Total for 1450 AC-Interest Receivable $0.00 $0.00 $0.00 $0.00 Total for 125 Interest Receivable $0.00 $0.00 $0.00 $0.00 Total for 1J Other Receivables 8 Loans Receivable-short Term $0.00 $0.00 $0.00 $0.00 1L Due From Other Funds 141 Due From Other Funds-Year End 1599 Due From Other Funds-Year End 0.00 0 00 000 0.00 Total for 1599 Due From Other Funds-Year End $0.00 $0.00 $0.00 $0.00 Total for 141 Due From Other Funds-Year End $0.00 $0.00 $0.00 $0.00 Total for 1L Due From Other Funds $0.00 $0.00 50.00 $0.00 Total for Asset $50,559,738.57 $1,642,923.38 (S2,400,000.00) $49,802,661 95 Equity 3E Fund Balance 330 Fund Balance-Available 3301 Other Fund Balance Available 1.0i,,Hann mr,-,stn..rl nn In no nrinrn/rrt, 1,.n1,•n,m,-cic•>ni All 4/S/7(10R Viewer-GL-ODBSDF1 Balance Sheet Detail Activity By Pa of 2 (50,559,738 57) 0,00 0 00 (50,559,738 57) 03101/2008 JVA AC IA0390308C 12 JVAACIA0390308C12 000 0 00 (142,923 38) (50,702,661 95) 03105/2008 NW TT IP08.105 1 POOLED INVESTMENT FUNDS 0.00 900,000.00 0.00 (49.802,661 95) 03/132008 JVW TT IP08-107 1 POOLED INVESTMENT FUNDS 0 00 1,500,000 00 000 (48.302,661.95) 03/19/2008 DP TT INV80000409 1 DEPOSIT TO POOLED INVESTMENT FUNDS-CITY OF CHINO HILLS 0 00 0 00 )1,500,000 00) (49,602.661 95) Total for 3301 Other Fund Balance Available (550.559,738.57) 52,400,000.00 ($1,642,923.38) ($49,802,661.95) Total for 330 Fund Balance-Available ($50,559,738.57) $2,400,000.00 ($1 642,923 38) (549,802.661.95) Total for 3E Fund Balance ($50,559,738.67) $2,400,000 00 (51.842,923.38) ($49,802,661.95) Total for Equity ($50,559,738.67) $2,400,000.00 ($1,642,923 38) (549,802,661 95) Total for T1R Chino Hills $0.00 $4,042,923.38 ($4,042,923 38) $0.00 Total for TT15 TTC-ICG Los Angeles County Pool Investment Fund $D.00 $4,042,923.38 ($4,042,923.38) $0.00 Report ID GL-OOBSOFI 1 Run D818'04/08/2008 10'46 AM hituliecaosrot2w1.co.la.ca.us/cmicgi-hinicopilosiCnill 111 2/SI)nc)� 4TE OF CALIFORNIA BILL LOCKYER, Treasurer FFICE OF THE TREASURER CRAIVIENTO Local Agency Investment Fund Kt) le° PO Box 942809 Sacramento, CA 94209-0001 (916) 653-3001 www.treasurer.ca.gov/pmia-laif March, 2008 Statement CITY OF CHINO Hill-.3 Account Number : 98-36-151 Attn: FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS CA 91709 Account Summary Total Deposit : 0.00 Beginning Balance : 40,319,887.22 Total Withdrawal : 0.00 Ending Balance : 40,319,887.22 41. • RECErPR ' 710.0 MANCE DC; 411) Page : 1 of 1 II. State of California Pooled Money Investment Account Market Valuation 3/31/2008 Wq-:t-i'lti;411z 1 .,,iii't..ii14, i5: , :.:.-, des.A., 13:ii..Hafaili•,, ,,,, , .!...:.3:42 .1 „, .,:i.-- :,-: (..E rforsom-fis.:, .,i._ -,•,-„i i United States Treasury: Bills $ 1,340,973,555.57 $ 1,344,286,527.79 $ 1,346,431,500.00 NA Notes $ 1,812,293,186.24 $ 1,812,293,186.24 $ 1,816,596,000.00 $ 23,315,940.00 Federal Agency: SBA $ 560,469,166.83 $ 560,443,525.71 $ 558,797,994.19 $ 4,284,182.02 MBS-REMICs $ 1,161,433,145.92 $ 1,161,433,145.92 $ 1,178,918,871.62 $ 5,506,364.03 Debentures $ 4,966,209,074.52 $ 4,960,793,484.25 $ 5,013,008,193.00 $ 98,983,988.31 Debentures FR $ 5,377,254,402.65 $ 5,372,765,500.64 $ 5,370,803,240.00 $ 27,244,910.79 Discount Notes $ 9,984,442,741.67 $ 10,160,975,063.90 $ 10,195,210,500.00 NA deFHLMC PC $ 139,181.63 $ 139,181.63 $ 144,248.02 $ 2,290.66 GNMA $ 172,625.63 $ 172,625.63 $ 203,197.38 $ 1,712.58 4111111Ir- CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 200,000,000.00 $ 1,109,793.33 Bank Notes $ 1,100,000,000.00 $ 1,100,000,000.00 $ 1,100,165,515.75 $ 7,156,923.61 CDs and YCDs $ 12,351,068,494.86 $ 12,350,170,494.86 $ 12,358,239,375.65 $ 76,489,673.65 Commercial Paper $ 4,200,790,610.99 $ 4,210,483,131.90 $ 4,210,617,777.79 NA Corporate: Bonds FR $ 129,113,970.52 $ 129,084,579.52 $ 127,517,830.00 $ 398,996.88 Bonds $ 156,192,296.10 $ 156,192,296.10 $ 158,259,835.92 $ 1,746,182.08 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 9,444,795,000.00 $ 9,444,795,000.00 $ 9,444,795,000.00 NA AB 55&GF Loans $ 12,166,553,565.40 $ 12,166,553,565.40 $ 12,166,553,565.40 NA TOTAL $ 64,951,901,018.53 $ 65,130,581,309.48 $ 65,246,262,644.72 $ 246,240,957.94 Fair Value Including Accrued Interest $ 65,492,503,602.66 Optepurchase Agreements, Time Deposits, AB 55 & General Fund loans, and everse 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(1.001776145). 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 $20,035,522.89 or$20,000,000.00 x 1.001776145.