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09-09-2008 CC Rpt A06 iiiOUNCIL AGENDA STAFF REPORT CITY CLERK USE ONLY Meeting Date: September 9,2008 /,;,\ 2008 SEP -2 AM 22 ,!...,-7:17/..T Public Hearing: Li 1`,- Discussion Item: V ,F. :• c7- c Y c' - K e - i h- `` Consent Item: CITY Or 01111 1111Ji SEPTEMBER 2, 2008 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR JULY 2008 RECOMMENDATION: 1. Approve the Treasurer's Report for July; 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. BACKGROUND/ANALYSIS: The Treasurer's Report for July 2008 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $177,857,588.52. 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. 4cluded in Exhibit A is a column showing the market value of investments the City has in the rious pooled investment accounts. The investment pools provide the market valuation nformation for the total pool and City staff then calculates and reports the City's pro rata share of the market valuation amount. AGENDA DATE: SEPTEMBER 9, 2008 lipSUBJECT: TREASURER'S REPORT FOR JULY 2008 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 41110 of balancing investment returns with the costs of investment activities. FISCAL IMPACT: In accordance with California Government Code, the Finance Director/City Treasurer certifies that sufficient investment liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending January 31, 2009. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. espectfully submitted, Recommended by: .,01; i-i. (1.8‘. iqk P i1.. ft.„. Iv»i Liwcb..STBC .. . . : N. LaBelle, City Manager Judy R. LancAster, Finance Director DLB:JRL:dk Att. EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT JULY 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) $ 45,993,260.79 $ 46,051,293.07 Los Angeles County Pooled Funds of Investments (LACPFI) 52,563,556.31 (3) 52,491,347.65 State of California Local Agency Investment Fund (LAIF) 39,145,408.26 (1) Bond Proceeds(2006 CFD Bonds) U.S. Bank-Money Market Funds-Treasury Obligations Fund 4,992,098.50 4,9.92,098.50 Total Investments 142,694,323.86 (2) Cash — - - - Bank of America-Checking 357,011.67 357,011.67 Bank of America-CDBG 9,137.02 9,137.02 Bank of America-Payroll 10,000.00 10,000.00 Wells Fargo Bank-Credit Card _ 56,589.47_ _ _ 56,589.47 Total Cash in Bank 432,738.16 432,738.16 Petty Cash _ ___ 2,600.00 2,600.00 Total Cash - 435,338.16 - 435,33.8.16_ Total Funds Held by City 143,129,662.02 -- ( IP B. Funds Held by Fiscal Agents: U.S. Bank 31,514,464.78 31,514,464.78 BNY Western Trust Company _ __-3,213,461.72 ,_3,213,461.72 Total Funds Held by Fiscal Agents _ 34,727,926.50 34,727,926.50 Total Funds Held by City and Fiscal Agents $ 177,857,588.52 (� II. Estimated Composite Investment Earnings Rate: 3.32% (Estimated Investment Earnings Rate for SBCPFI : 3.44%; LAIF: 3.11% and for LACPFI :3.37%) EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT JULY 2008 Page 2 of 2 III. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 07/01/08 Receipts Disbursements 07/31/08 General Fund $ 60,287,474.48 $ 1,984,614.92 (3,861,168.11) $ 58,410,921.29 Water Funds 29,628,785.01 2,038,394.88 (2,071,664.93) 29,595,514.96 Sewer Funds 10,285,897.96 1,126,733.65 (399,217.65) 11,013,413.96 Parks& Landscape 6,391,333.66 497,564.62 (750,694.49) 6,138,203.79 Development Funds 14,397,936.43 121,502.15 (249,414.32) 14,270,024.26 Comm. Facilities Dist. 40,672,554.20 682,315.22 (5,734,029.49) 35,620,839.93 Assessment Districts 5,411,858.74 39,296.64 (20,688.06) 5,430,467.32 Miscellaneous Funds 18,956,152.49 6,849,348.48 (8,427,297.96) 17,378,203.01 Total $ 186,031,992.97 $ 13,339,770.56 $ (21,514,175.01) $ 177,857,588.52 aVV.Funds Held by Deferred Compensation Providers- Market Month Ending July 2008 Value ING Life Insurance and Annuity Company (4) N/A ICMA 4,113,330.67 Total Funds Held by Deferred Compensation Providers $ 4,113,330.67 Footnotes: (1)The market valuation is not available as of the date of this report. The market value is provided quarterly by the State of California Local Agency Investment Fund. (2)Total market valuation cannot be determined since the market value for State of California Local Agency Investment Fund is not available. (3)The Los Angeles County Pooled Funds of Investment statement is not available as of the date of this report. (4)The market valuation is not available as of the date of this report. In accordance with the California Government Code,the Finance Director/City Treasurer certifies that the investments reported in the Treasurer's Report comply with the City's Investment Policy and that sufficient liquidity,as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending January 31,2009. 4P toitt.141%. fv. Judy Lancaster Finance Director/City Treasurer 41110 111110 City o ills Treasurer's Repo 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 fit 07/01/08 38,021,732.23 28,733,156 01 10,285,897.96 6,391,333.66 14,397,936.43 32,543,994.32 2,017,140.02 18,956,152 49 151,347,343 12 Cash Receipts 1,956,718.47 2,037,088.32 1,126,733.65 497,564.62 121,502.15 671,731.10 35,043.37 6,849,348.48 13,295,730.16 Cash Disbursements (3,861,168.11) (2,071,664.93) (399,217.65) (750,694.49) (249,414.32) (5,733,265.74) (20,688.06) (8,427,297.96) (21,513,411.26) Journal Entries For Month0.00 0.00 Ending Book Balance cif4 07/31/08 36,117,282.59 28,698,579.40 11,013,413.96 6,138,203.79 14,270,024.26 27,482,459.68 2,031,495.33 17,378,203.01 143,129,662.02 Reconciling Transactions 0.00 0.00 Ending Bank Balance Funds Held by City 36,117,282.59 28,698,579.40 11,013,413.96 6,138,203.79 14,270,024.26 27,482,459.68 2,031,495.33 17,378,203.01 143,129,662 02 Funds Held by Fiscal Agent: Beginning Book Balance 07/01/08 22,265,742.25 895,629.00 0.00 0.00 0 00 8,128,559.88 3,394,718 72 0.00 34,684,649.85 Cash Receipts 27,896.45 1,306.56 0.00 0.00 0.00 10,584.12 4,253.27 0.00 44,040.40 Cash Disbursements 0.00 0.00 0.00 0.00 0.00 (763.75) 0.00 0.00 (763 75) Joumal Entries For Month 0.00 0.00 0.00 Ending Book Balance tett 07/31/08 22,293,638.70 896,935.56 0.00 0.00 0.00 8,138,380.25 3,398,971 99 0.00 34,727,926.50 • Reconciling Transactions 0.00 0.00 0.00 • Endinq Bank Balance Funds Held by F/A 22,293,63870 896,935.56 0.00 0.00 0.00 8,138,380.25 3,398,971.99 0.00 34,727,926.50 Summary of Cash Balances: Beginning Cash Balance Funds Held by City 38,021,732.23 28,733,156.01 10,285,897.96 6,391,333 66 14,397,936.43 32,543,994.32 2,017,140.02 18,956,152.49 151,347,343.12 Funds Held by Fiscal Agent 22,265,742.25 895,629 00 0.00 0.00 0.00 8,128,559.88 3,394,718.72 0 00 34,684,649.85 Total Beginning Cash Balance 60,287,474.48 29,628,785.01 10,285,897.96 6,391,333.66 14,397,936.43 40,672,554.20 5,411,858.74 18,956,152.49 186,031,992.97 Ending Cash Balance Funds Held by City 36,117,282.59 28,698,579.40 11,013,413.96 6,138,203.79 14,270,024 26 27,482,459.68 2,031,495.33 17,378,203 01 143,129,662.02 Funds Held by Fiscal Agent 22,293,638.70 896,935.56 0.00 0 00 0.00 8,138,380.25 3,398,971 99 0 00 34,727,926.50 Total Ending Cash Balance 58,410,921,29 X9,595,514,96 )1,0)3,413.96 6,1 8,203,79 14,270,024.26 35,620,839,93 5,430,467.32 17,378,203.01 177,857,588.52 PGM : FZ360 DETAIL EXPENDITURE TRANSACTION LISTING BY OBJECT CODE PAWS: //DO TIME: 21:56:0¢ ACCOUNTING PERIOD 01 - 07/2008 DATE: 08/21/2008 FUND/DEPT/ORG1: SED OBJECT/ BUDGET/EXPENDITURES ENCUMBRANCES PRE-ENCUMBRANCES TR DATE ORG GRC TRANSACTION ID DESCRIPTION/VENDOR REMAINING BUDGET *** NO ACTIVITY FOR THIS PERIOD *** D BEGINNING BAL - CASH IN COUNTY TREASURY 45,528,409.02 ENDING BAL - CASH IN COUNTY TREASURY 45,993,260.79 CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 3 *** 11,1 . • * * * * * • * r • r a • r a ✓ f r f • •• r • r ✓ r * r • r r r *• * REPORT CODE NAME: FZ365 • * * r * • * • r * * * • r * • • r * * * t • * REPORT DISTRIBUTION SYSTEM * * * * r * * * PINAL REPORTS * * * • * * * FOR JULY, 2008 • * * + • * * ♦ * • a r + • * * * r * * * * * REVENUE DETAIL TRANSACTIONS * * * * * * * + * * * 1. * r * * • * * r f * r * * * • • w r r * • * a • • f + f f • • r f f w • • • f f * f • f • * f * t ♦ CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 4 *** Account Summary: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: July 31,2008 MARKET%OF YTM AT YTM AT SECURITY TYPE PAR VALUE AMORTIZED COST MARKET VALUE PORTFOLIO COST MARKET DURATION CERT OF DEPOSIT 830,000,000.00 830,260,936.00 830,171,450.00 19.68 2.73 2.64 0.19 COMMERCIAL PAPER 455,000,000.00 453,988,258.00 453,985,240.00 10.76 2.72 2.41 0.08 CORPORATE NOTE 193,234,000.00 195,919,206.49 195,000,988.20 4.62 3.37 3.46 0.89 FEDAGYBOND/NOTE 2,431,017,000.00 2,441,966,738.91 2,448,322,866.33 58.06 4.11 3.13 1.26 MNYMRKT/MUTUAL FND 175,000,000.00 175,000,000.00 175,000,000.00 4.15 2.52 2.52 0.00 REPO AGREEMENT 100,000,000.00 100,000,000.00 99,999,722.00 2.37 2.13 2.23 0.00 USTSYBOND/NOTE 15,000,000.00 14,992,978.05 15,042,180.00 • 0.36 3.36 1.75 0.21 . _ TOTAL SECURITIES 4,199,251,000.00 4,212,128,117.45 4,217,522,446.53 100.00 3.54 % 2.92% 0.82 CASH BALANCE 63,126,574.92 63,126,574.92 63,126,574.92 TOTAL INVESTMENTS 4,262,377,574.92 4,275,254,692.37 4,280,649,021.45 ACCRUED INTEREST 38.886,886.72 38,886,886.72 TOTAL PORTFOLIO 4,262,377,574.92 $4,314,141,579.09 $4,319,535,908.17 4111111 1 Detail of Securities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: July 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 l CITIBANK NA CERT DEPOS I730D 1 TE4 A-I+ 25,000,000.00 2.380 8/1/2008 5/23/2008 25,000,000 00 2 38 115,694 44 25,000,000 00 25,000,047 50 ii NORDEA BANK FINLAND NY CERT DEPOS 65556E377 A-1+ 20,000,000 00 2 650 8/1/2008 4/15/2008 20,000,000 00 2 65 159,000 00 20,000,000 00 20,000,184 00 ROYAL BK OF SCOTLAND NY CERT DEPOS 7801 OGDT2 A-l+ 25,000,000 00 2 700 8/1/2008 4/16/2008 25,000,000 00 2 70 200,625 00 25,000,00000 25,000,265 00 CALYON NY CERT DEPOS 1317A0LN3 A-1+ 25,000,000 00 2 900 8/14/2008 2/14/2008 25,000,000 00 2 90 340,347 22 25,000,000 00 25,004,630 00 CITIBANK NA CERT DEPOS 1730D I S34 A-1+ 25,000,000 00 2 700 8/18/2008 5/16/2008 25,000,000 00 2 70 144,375 00 25,000,000 00 25,003,345 00 CALYON NY CERT DEPOS 1317AOLQ6 A-1+ 20,000,000 00 2 890 8/19/2008 2/19/2008 20,000,000 00 2 89 263,311 11 20,000,000 00 20,004,566 00 JPMORGAN CHASE BANK CERT DEPOS 48123PRL 1 A-1+ 25,000,000 00 2 850 8/19/2008 2/19/2008 •25,000,000 00 2 85 324,583 33 25,000,000 00 25,005,187 50 BARCLAYS BANK PLC NY CERT DEPOS 0673P2ZT2 A-1+ 45,000,000 00 3 020 8/28/2008 2/28/2008 45,000,000 00 3.02 585,125 00 45,000,000 00 45,017,505 00 DEXIA CRED SA NY DEPOS 25213E4W6 A-1+ 50,000,000 00 2 630 911)2008 7/3/2008 50,000,843 50 2 62 105,930.56 50,000,442 50 50,005,100 00 DEXIA CRED SA IVY CERT DEPOS 25213E4X4 A-I+ 50,000,000.00 2 660 9/2/2008 7/7/2008 50,000,788 36 2 65 92,361 11 50,000,442.50 50,006,505 00 SVENSKA HANDELSBANKEN NY CERT DEPG 86959FPQ3 A-1+ 50,000,000 00 2 600 9/2/2008 717/2008 50,000,000 00 2 60 90,277 78 50,000,000 00 50,003,765 00 RABOBANK NEDERLAND NV(YY)CERT DE 74977F020 A-I+ 45,000,000.00 2 580 9/24/2008 7/9/2008 45,000,000.00 2 58 74,175.00 45,000,000.00 44,997,740 55 II BNP PARIBAS SF BRANCH CERT DEPOS 05566QPG6 A-1+ 45,000,000 00 2.570 9/26/2008 3117)2008 45,000,000.00 2.57 407,987 50 45,000,000 00 44,994,953 70 CALYON NY CERT DEPOS 1317AOQW8 A-1+ 25,000,000 00 2 730 10/14/2008 4/14/2008 25,003,683.88 2 70 212,333 33 25,001,489 75 25,001,010 00 1 1 UBS AG STAMFORD CERT DEPOS 90263LUC8 A-1+ 25,000,000 00 2 830 10/16/2008 7/18/2008 25,000,000.00 2 83 27,513 89 25,000,000 00 25,007,005 00 UBS AG STAMFORD CERT DEPOS 90263LUW4 A-I+ 25,000,000.00 2 825 10/20)2008 7)21/2008 25,000,000 00 2 83 21,579 86 25,000,000 00 25,006,265 00 NORDEA BANK FINLAND NY CERT DEPOS 65556EU24 A-I+ 50,000,00000 4 820 10/22/2008 3/27/2008 50,619,205.40 2 60 1,901,222 22 50,242,942 00 50,228,955 00 ROYAL BK OF SCOTLAND NY CERT DEPOS 78010GETI A-I+ 25,000,00000 2 960 11/3/2008 5/9/2008 25,025,389 50 275 189,111 11 25,013,408 00 25,011,457 50 BARCLAYS BANK PLC NY CERT DEPOS 06738UAE9 A-I+ 55,000,000.00 2.850 11/10)2008 7/10/2008 55,000,000.00 2 85 95,791 67 55,000,000 00 55,008,371 00 BANK OF AMERICA CERT DEPOS 0605COGP1 A-I+ 45,000,000 00 2 790 11/12/2008 7/11/2008 45,000,000 00 2 79 73,237 50 45,000,000 00 44,998,292 70 BNP PARIBAS SF CERT DEPOS 05566QRG4 A-1+ 25,000,000 00 2 800 11/18/2008 7/17/2008 25,000,000 00 2 80 29,166 67 25,000,000 00 24,998,108 25 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010GGZ5 A-I+ 25,000,000 00 2.750 11/24/2008 5/22/2008 25,001,273.65 2 74 135,590 28 25,000,787.50 24,991,208 75 BNP PARIBAS SF BRANCH CERT DEPOS 05566QQD2 A-1+ 30,000,000.00 2 920 2/17/2009 5/16/2008 30,000,000.00 2 92 187,366 67 30,000,000 00 29,963,862 30 1 RABOBANK NEDERLAND NV NY CERT DEP 7497701(83 A-1+ 25,000,000 00 2 800 2/25/2009 4/25/2008 25,000,000 00 2 80 190,555 56 25,000,000 00 24,949,730 50 ROYAL BK OFSCOTLAND NY CERT DEPOS 78010GFA I A-I+ 25,000,000 00 2,900 2/27/2009 4/30/2008 25,002,054 20 2 89 187,291.67 25,001,423 75 24,963,389 75 830,000,000 00 830,653,238 49 2 73 6,154,553 48 830,160,936.00 830,171,450 00 COMMERCIAL PAPER 1 BANK OF AMERICA CORP COMM PAPER 0660P0H14 A-I+ 50,000,000.00 8/1/2008 4/14/2008 49,606,388.89 2.62 0.00 50,000,000.00 49,996,80000 WELLS FARGO&CO COMM PAPER 9497F0HI3 A-1+ 50,000,000 00 8/1/2008 5/27/2008 49,783,666.67 2 37 0 00 50,000,000 00 49,997,200 00 , ,, , ,, 4ptam...........1 . Detail of S rities Held: 76990800 SANBERNARDINO COUN ,iiaiifir MONTH ENDED: July 08 (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 CA LYON NORTH AMERICA INC COMM PAP 13170RH42 A-1+ 45,000,000 00 8/4/208 3/3/2008 44,459,075.00 2 84 0 00 44,989,462 35 44,988,705 00 GENERAL ELEC CAP CORP COMM PAPER 36959H1-142 A-I+ 30,00,00 0 8/4/2008 3/5/2008 29,654,20.0 2 76 0 0 29,993,175 0 29,992,800 0 (`ALYONNORTH AMERICA INC COMM PAP 13170RHD2 A-I+ 25,00,00.00 8/13/2008 2/14/2008 24,641,14236 290 0 00 ,475 00 BANK OF AMERICA CORP COMM PAPER 0660POHF3 A-1+ 50,00,00 0 8/15/2008 2/27/2008 49,322,361 I 1 2 91 0 0 49,9944,194 50 49,951,900 76,208 25 00 NORDEA N.A COMM PAPER 6555P0HT9 A-I+ 25,00,000 0 8/27/2008 7/8/2008 24,913,194 44 2 51 0 0 24,954,861 00 24,954,200 00 CALYON NORTH AMERICA INC COMM PAP 13170RHV2 A-1+ 30,00,00.00 8/29/2008 2/29/2008 29,581,40 0 2 80 0 00 29,935,599.90 29,941,260 00 NORDEA N.A COMM PAPER 6555P0JA8 A-1+ 25,000,000.00 9/10/2008 7/8/2008 24,887,11111 2.55 0.00 24,929,44450 24,927,17500 DEXIA DELAWARE LLC COMM PAPER 2521 EOJG3 A-1+ 25,000,00 00 9/16/2008 7/22/2008 24,896,555 56 2 67 0 0 24,915,027 75 24,915,950 0 BARCLAYS US FUNDING LLC COMM PAPER 06737HK16 A-I+ 25,000,000 00 10/1/2008 6/30/2008 24,820,458 33 280 0 0 24,882,236 00 24,884,60 0 DEXIA DELAWARE LLC COMM PAPER 2521 EOKH9 A-1+ 50,000,000 00 10/17/2008 7/14/2008 49,631,215 28 2.82 0 00 49,701,090 50 49,701,00 00 BARCLAYS US FUNDING LLC COMM PAPER 06737HLU I A-1+ 25,000,000 00 11/28/2008 5/29/2008 24,641,625 00 2 86 0 00 24,766,958 25 24,754,175 00 455,000,000.00 450,838,393 75 2 72 0 00 453,988,258.00 453,985,140 00 CORPORATE NOTE BANK OF AMERICA CORP GLOBAL SR NOT 060505BC7 AA 5,00,00 00 3.250 8/15/2008 7/12/2007 4,886,950.00 5 41 74,930 56 4,995,915 05 4,999,675 00 ASSOCIATES CORP NA(CI77)GL SR NOTES 04603JT7 AA- 4,290,000 00 6 250 11/1(2008 6/25/2007 4,336,074 60 5 41 67,031 25 4,298,797 42 4,316,066 04•- ASSOCIATES CORP NA(CITIJ GL SR NOTES O46031T7 AA- 5,00,000 00 6 250 11/1/2008 6/25/2007 5,054,400 00 5.40 78,125 00 5,010,385 35 5,030,380 00. GENERAL ELEC CAP CORP GL SR FRN(LI 36962GT53 AAA 3,00,00 00 2 941 12/12/2008 10/23/2007 3,001,560 00 5.69 11,776 04 3,000,498 75 2,999,316 00.. CITIGROUP INC GLOBAL SR FLOATING NO) I 72967DF5 AA- 15,00,00 00 2 695 12/26/2008 10/9/2007 14,985,300.00 5 32 41,535 23 14,995,133 10 14,956,485 00, - CITIGROUP INC GLOBAL SR FLOATING NO] 172967DG3 AA- 3,410,00 00 2 939 1/30/2009 10/2/2007 3,401,168 10 5 33 537 31 3,406,692 57 3,388,588 61' BANK OF Alordia,CA CORP GLOBAL SR NOT 060505BH6 AA 10,00,00 00 3 375 2/17/2009 3/7/208 10,051,300 0 2 82 153,750 00 10,029,780 80 9,968,060 00 BANK OF AMERICA NA SR FRBN(LIB3+0) 06050TKK7 AA+ 1,300,0000 2 638 2/27/2009 10/2/2007 1,296,451 00 5 37 6,287 54 1,298,550 02, 1,298,069 50 WAL-M4RTS7ORES INC GLOBAL SR NOTES 931142BE2 AA 21,00,00 0 6 875 8/10/2009 4/15/2008 22,123,647 00 2 72 685,781 25 21,877,054 29 21,831,852 00 WAL-MART37ORES INC GLOBAL SR NOTES 931 I42BE2 AA 6,50,000 00 6 875 8/10/2009 4/21/2008 6,827,186 54 2 90 212,265 63 6,758,698 57 6,757,478 00 WAL-MART STORES INC GLOBAL SR NOTES 931 142BE2 AA 10,000,000 00 6 875 8/10/2009 4/21/2008 10,508,103 II 2 87 326,562 50 10,401,716 80 10,396,120 00 WAL-MART STORES INC GLOBAL SR NOTES 931 I42BE2 AA 5,00,00 00 6.875 8/10/2009 5/6/2008 5,239,850 00 2 97 163,281.25 5,195,830 10 5,198,060 00 WAL-MART SPORES INC GLOBAL SR NOTES 931142BE2 AA 2,500,00 0 6 875 8/10/2009 5/6/208 2,619,80 0 2 97 81,640 63 2,597,813 68 2,599,030 00 WAL-MART STORES INC GLOBAL SR NOTES 931 I42BE2 AA 5,00,00 00 6 875 8/10/2009 5/6/2008 5,236,550.00 3 02 163,281 25 5,193,154 05 5,198,060 0 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 7,00,00 0 4.125 9/1/2009 3/17/2008 7,124,530 0 2 87 120,312 50 7,093,183.65 7,043,512 00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,00,00 0 4.125 9/1/2009 3/25/2008 10,184,300.00 2 80 171,875 00 10,140,015.10 10,062,160 0 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,00,00 0 4.125 9/1/2009 4/2/2008 10,160,300 0 2 96 171,875 0 10,123,494 20 10,062,160 0 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 4,00,00 00 4.125 9/1/2009 4/8/208 4,058,880 00 304 68,750.00 4,045,909.08 4,024,864 00 Detail df urities Held: 76990800 SI l i r , 4114 a14� BERNARDINO COUN MONTH ENDED: Jul ,1111 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 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,000,000 00 4 125 9/1/2009 4/15/2008 10,162,000 00 2 91 - 171,875 00 10,128,035 00 10,062,160 00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GZH0 AAA 5,234,000 00 4 625 9/15/2009 4/8/2008 5,354,434 34 2 98 91,449 61 5,328,548 91 5,295,892 05 TOYOTA MOTOR CREDIT CORP SR MTN 89233PW69 AAA 25,000,000 00 2 900 10/6/2009 5/6/2008 25,000,000 00 2 90 171,180 56 25,000,000 00 24,709,075 00 TOYOTA MOTOR CREDIT CORP SR MTN 89233PX43 AAA 25,000,00000 3.060 11/4/2009 5/16/2008 25,000,00000 3 06 159,375 00 25,000,00000 24,803,925 00 193,234,000 00 196,612,784 69 3 37 3,193,478 11 195,919,206 49 195,000,988 20 FED AGY BOND/NOTE FNMA NOTES(EX-CALLABLE) 3136F33N4 AAA 15,000,000.00 3.290 8/4/2008 1/11/2007 14,599,305 00 5 09 242,637 50 14,997,809 40 15,000,750 00 FNMA NOTES(EX-CALLABLE) 3136F6XW4 AAA 6,330,000 00 4 000 8/8/2008 3/31/2006 6,173,017 60 5 12 121,676 67 6,328,643 92 6,331,978 13 FNMA NOTES(EX-CALLABLE) 3136F35R3 AAA 10,000,000 00 3 650 8/11/2008 1/24/2006 9,755,600 00 4 68 172,361 11 9,997,209 20 10,003,125 00 FHLB TAP BONDS 3133XOLJ6 AAA 5,745,000.00 3 750 8/15/2008 4/7/2006 5,571,960 60 5 12 99,340.63 5,742,012 49 5,746,795 31 FHLB TAP BONDS 3133X0216 AAA 6,000,000 00 3 750 8/15/2008 1/11/2007 5,877,864 54 5 09 103,750 00 5,996,944,14 6,001,875 00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000 00 3 250 8/15/2008 22/2006 14,456,400 00 4 78 224,791 67 14,991,261 60 15,004,687 50 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000 00 3 250 8/152008 5/18/2006 14,370,300 00 5 26 224,791 67 14,988,591 30 15,004,687 50 FHLB BONDS(EX-CALLABLE) 3133X0BF5 AAA 5,000,000.00 3 500 8/22/2008 6/1/2006 4,815,150 00 5.28 77,291 67 4,994,941.35 5,001,562 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 Il 360,083.33 15,008,591 10 15,037,500 00' FHLB BONDS(EX-CALLABLE) 3133XCX40 AAA 15,000,000 00 4 500 9/82008 1/31/2006 14,893,650 00 4 79 268,125 00 14,995,615 95 15,028,125 00 FHLB BONDS 3133M5N82 AAA 10,000,000 00 5 670 9/10/2008 1/27/2006 10,212,600 00 4 79 222,075.00 10,009,266 20 10,031,250 00 FHLB TAP BONDS 3133XCSA2 AAA 6,295,000 00 4.250 9/12/2008 222007 6,203,785 45 5 20 103,299 20 6,288,388 99 6,306,803.13 • FHLB TAP BONDS 3133XEFZ7 AAA 10,000,000 00 4 625 9/12/2008 3/302006 9,889,300 00 5.11 178,576 39 9,994,61060 10,021,875 00 FHLB TAP BONDS 3133XHJG8 AAA 8,000,000 00 5.000 9/12/2008 11/14/2006 8,000,000 00 5 00 154,444 44 8,000,000,00 8,020,000 00 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 80,098 33 5,644,292 25 5,661,067 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 84,291.67 5,939,474 99 5,957,437 50 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4MQ1 AAA 15,000,000 00 4 480 9/19/2008 11/14/2006 14,863,890 00 500 246,400 00 14,989,912 20 15,034,590 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4MQ 1 AAA 10,000,000.00 4 480 9/19/2008 11/16/2006 9,909,500.00 5.00 164,266 67 9,993,274 20 10,023,060 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 86,533 33 7,976,242 80 8,007,500 00 FFCB BONDS 31331XUV2 AAA 6,900,000 00 4,950 10/9/2008 4/13/2007 6,890,202,00 5 05 106,260 00 6,898,732 19 6,928,031 25 FFCB BONDS 31331 VDGB AAA 10,000,000 00 4.580 10/20/2008 2/1/2006 9,945,800 00 4 79 128,494 44 9,995,450 20 10,040,625 00 FFCB BONDS 31331 VDG8 AAA 10,000,000 00 4 580 10/20/2008 11/7/2006 9,908,500 00 5 08 128,494 44 9,989,368 80 10,040,625 00 FFCB BONDS 3133ITHX2 AAA 15,000,000 00 3.625 10/24/2008 11/162006 14,629,200.00 4 98 146,510 42 14,954,380 50 15,032,812 50 FHLB STEP CPN BONDS(EX-CALL4BLE) 3133XDNN7 AAA 12,315,000 00 5 000 10/27/2008 5/2/2007 12,311,798.10 5 02 160,779 17 12,314,489.54 12,380,423 44 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4ST9 AAA 10,000,000 00 4 900 11/3/2008 8/29/2007 10,014,700 00 4 76 119,777 78 10,003,386 40 10,056,820.00 Detail o curities Held: 76990800 SAN BERNARDINO COU MONTH ENDED: Ju ,2008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSH' RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000.00 4 900 11/3/2008 5/4/2007 9,975,800 00 5 07 119,777 78 9,995,768 80 10,056,250 00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000 00 4 900 11/3/2008 5/4/2007 9,975,766 62 5 07 119,777 78 9,995,763 00 10,056,250 00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XDRXI AAA 5,630,000 00 5 020 11/7/2008 12/18/2006 5,639,972 98 4 92 65,946 07 5,631,501.86 5,663,428 13 FHLB BONDS(EX-CALLABLE) 3133X1 VYO AAA 3,660,000 00 4 000 11/14/2008 12/18/2006 3,599,646 60 4 92 31,313 33 3,650,647 82 3,673,725 00 FHLB FLOATING GLOBAL BONDS 31333:KNQ4 AAA 6,000,000.00 2 518 11/14/2008 11/27/2007 6,000,000 00 4 71 33,153 67 6,000,000 00 5,998,560 00 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTQ6 AAA 10,000,000.00 3.875 11/17/2008 2/10/2006 9,734,700 00 4 91 79,652 78 9,970,285 00 10,031,250 00 FFCB BONDS 3133IXDW9 AAA 15,000,000 00 4 875 11/20/2008 1/12/2007 14,953,650 00 5 05 144,218.75 14,992,337 25 15,098,437.50 FFCB BONDS 31331XDW9 AAA 5,000,000.00 4 875 11/20/2008 1/12/2007 4,984,370 00 5 05 48,072 92 4,997,415 35 5,032,812 50 FHLB GLOBAL BONDS 3133XKRM9 AAA 15,000,000.00 5 000 11/21/2008 7/6/2007 14,947,315.50 5 26 145,833 33 14,988,232.50 15,103,125 00 FNMA NOTES(EX-CALLABLE) 3136F3UG9 AAA 9,000,000 00 3 200 11/28/2008 2/6/2006 8,603,190 00 4 90 50,400 00 8,951,572 53 9,014,062 50 FHLB TAP BONDS 3133XDT76 AAA 10,000,000 00 4 750 12/12/2008 4/26/2006 9,883,800.00 5 23 64,652 78 9,983,098 90 10,075,000 00 FHLB TAP BONDS 3133XDT76 AAA 15,000,000 00 4 750 12/12/2008 12/14/2006 14,954,850 00 4 91 96,979 17 14,991,470 40 15,112,500 00 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000.00 5 000 12/12/2008 12/14/2006 15,023,625 15 4.91 102,083 33 15,004,477 50 15,126,562 50 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000 00 5 000 12/12/2008 1/2/2007 14,992,830 00 5 02 102,083 33 14,998,698 60 15,126,562 50 FFCB BONDS 31331 SJJ3 AAA 10,000,000 00 3 650 12/17/2008 4/26/2006 9,616,000 00 5 22 44,611 11 9,942,083 40 10,034,375 00' FHLB GLOBAL BONDS 3133XLJL8 AAA 15,000,000 00 5 250 12/24/2008 7/6/2007 14,997,300 00 5 26 80,937 50 14,999,338 35 15,150,000 00- FFCB BONDS 31331 V6A9 AAA 15,000,000 00 5.000 12/29/2008 12/14/2006 15,028,800 00 4 90 66,666 67 15,006,011 10 15,140,625.00 , FFCB BONDS 31331V6A9 AAA 15,000,000 00 5 000 12/29/2008 12/21/2006 15,020,550 00 4 93 66,666 67 15,004,332 15 15,140,625 00 FFCB BONDS 31331 XCF7 AAA 15,000,000 00 5 100 1/5/2009 12/15/2006 15,061,800 00 4 89 55,250 00 15,013,303 05 15,150,000 00 FHLB FLOATING GLOBAL BONDS 3133XLMS9 AAA 10,000,000 00 2.558 1/5/2009 10/5/2007 10,001,280 00 5 09 19,657 50 10,000,438 80 9,996,140 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X2ME2 AAA 15,000,000 00 3 875 1/12/2009 4/16/2007 14,713,050 00 5 03 30,677 08 14,924,152 35 15,079,687 50 FHLMC GLOBAL NOTES(EX-CALLABLE) 3I28X2ME2 AAA 15,000,000 00 3 875 1/12/2009 6/7/2007 14,687,997.00 5 25 30,677 08 14,910,314 55 15,079,687 50 FFCB DESIGNATED BONDS 3133ISNF6 AAA 15,000,000 00 3 750 1/15/2009 5/4/2006 14,452,500.00 5.22 25,000 00 14,902,377 15 15,070,312 50 FFCB DESIGNATED BONDS 31331 SNF6 AAA 10,000,000 00 3 750 1/15/2009 6/23/2006 9,590,600 00 5 48 16,666 67 9,923,113.30 10,046,875 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 5,555 56 4,991,584.25 5,053,125.00 FHLMC MTh(EX-CALLABLE) 3128X3D34 AAA 10,000,000 00 4 000 1/29/2009 6/13/2007 9,803,400 00 5 27 2,222 22 9,938,675 10 10,061,980 00 FHLB BONDS 3133XJTC2 AAA 10,000,000 00 5 125 2/2/2009 4/10/2007 10,016,700 00 5 02 254,826 39 10,005,001 10 10,118,750 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAA7 AAA 10,000,000 00 4 875 2/17/2009 6/29/2006 9,841,300 00 5 53 222,083 33 9,965,470 80 10,112,500 00 FFCB BONDS 31331 VZK5 AAA 11 280 000.00 5.260 2/18/2009 6/15/2006 11,254,845.60 5 35 268,645 73 11,274,464 57 11,431,575 00 FFCB BONDS 31331VZK5 AAA 7,670,000.00 5 260 2/18/2009 6/22/2006 7,632,800 50 5.46 182,669 57 7,661,845.26 7,773,065 63 FHLMC MTN(EX-CALLABLE) 3128X4C41 AAA 11,235,000 00 5 000 2/23/2009 4/10/2007 11,230,961 02 5 02 246,545 83 11,233,957 05 11,373,842 13 Detail of cities Held: 76990800 SAN BERNARDINO COUN MONTH ENDED: Jul , 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 FFCB BONDS 3133IXQM7 AAA 10,725,000 00 5 000 2/23/2009 4/10/2007 10,721,568 00 5 01 - 235,354 17 10,724,13546 10,859,062 50 FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 10,700,000 00 3 740 2/24/2009 12/15/2006 10,442,237 00 4 91 174,522 94 10,631,274 86 10,756,843 75 FNMA NOTES(EJC-CALLABLE) 3136F5DP3 AAA 17,950,000 00 3.740 2/24/2009 7/6/2007 17,517,225 50 5.30 292,774 47 17,796,893 86 18,045,359 38 FHLB TAP BONDS 3133XEN96 AAA 10,000,000 00 4.750 3/13/2009 5/10/2007 9,963,400.00 4 96 182,083 33 9,987,613 80 10,118,750 00 FHLB TAP BONDS 3133XFEQ5 AAA 15,000,000 00 5 250 3/13/2009 4/10/2007 15,065,400 00 5.01 301,875 00 15,021,798 60 15,225,000 00 FHLB TAP BONDS 3133XFEQ5 AAA 12,670,000 00 5 250 3/13/2009 5/11/2007 12,726,888.30 4 99 254,983 75 12,689,928 01 12,860,050 00 FHLMC GLOBAL REFERENCE NOTES 3134A3EM4 AAA 20,000,000 00 5.750 3/15/2009 6/62007 20,177,000 00 5.22 434,444 44 20,064,436 80 20,362,500 00 FFCB BONDS 31331VTG1 AAA 10,000,000 00 5.080 3/16/2009 6/21/2006 9,901,800.00 5 47 190,500.00 9,976,527 50 10,140,625 00 FFCB BONDS 31331 XVG4 AAA 15,000,000.00 4.875 4/13/2009 4/13/2007 14,974,950.00 4 96 219,375 00 14,990,970 45 15,210,937 50 FFCB BONDS 31331XVG4 AAA 15,000,000 00 4 875 4/13/2009 5/18/2007 14,965,050 00 500 219,375 00 14,987,053 20 15,210,937 50 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MUW1 AAA 5,000,000 00 3.850 4/14/2009 5/16/2007 4,896,150 00 500 57,215 28 4,960,813 95 5,035,937.50 FHLMC GLOBAL REFERENCE NOTES 3134A4UQ5 AAA 15,000,000 00 3 375 4/15/2009 5/18/2007 14,560,440 00 5.00 149,062 50 14,833,161 90 15,056,250 00 FHLB BONDS(EX-CALLABLE) 3133M81J4 AAA 10,000,000 00 5 823 5/6/2009 12/26/2006 10,204,530 00 4 89 137,487 50 10,068,845 30 10,221,875 00 FHLB BONDS(EX-CALLABLE) 3133M8J14 AAA 10,000,000 00 5 823 5/62009 12/26/2006 10,206,100 00 4 89 137,487 50 10,069,368 10 10,221,875 00 FHLB FLOATING GLOBAL BONDS 3133XNCb9 AAA 10,000,000 00 2.485 5/20/2009 12/102007 9,996,000.00 4 74 50,390 28 9,997,783 70 9,988,840 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000 00 5 250 5/21/2009 5/21/2007 15,062,850 00 5 03 153,125 00 15,026,020 65 15,281,250 00 FHLMC GLOBAL REFERENCE NOTES 3I37EAAE9 AAA 15,000,000 00 5.250 5/21/2009 5/23/2007 15,058,200.00 504 153,125 00 15,024,183 60 15,281,250 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 25,000,000 00 5 250 5/21/2009 5/28/2008 25,656,750 00 2 52 255,208 33 25,540,302 00 25,468,750 00 FHLB GLOBAL BONDS 3133XRGC8 AAA 10,000,000 00 2.650 6/4/2009 6/16/2008 9,957,200 00 3 10 41,958 33 9,962,700 70 9,981,250 00 FHLMC GLOBAL NOTES 3137EAAT6 AAA 16,000,000 00 5 000 6/11/2009 6/12/2008 16,341,53600 2.81 111,111 11 16,295,247 52 16,285,000 00 FHLMC GLOBAL NOTES 3137EAAT6 AAA 2,240,000 00 5 000 6/11/2009 6/12/2008 2,284,486 40 2 96 15,555 56 2,278,459 41 2,279,900 00 FHLMC GLOBAL NOTES 3137EAAT6 AAA 8,000,000.00 5 000 6/112009 6/12/2008 8,160,800 00 2 94 55,555.56 8,139,013 60 8,142,500 00 FHLMC GLOBAL NOTES 3137EAAT6 AAA 10,000,000 00 5 000 6/11/2009 6/16/2008 10,183,100 00 3 10 69,444.44 10,160,075.40 10,178,125 00 FHLB TAP BONDS 3133XFL09 AAA 10,000,000 00 5.250 6/12/2009 4/17/2007 10,052,981.34 4 98 71,458 33 10,022,191.10 10,196,875 00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000 00 5 250 6/12/2009 4/17/2007 10 052981.34 4 98 71,458.33 10,022,191 10 10,196,875 00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5 250 6/12/2009 5/23/2007 10,036,000 00 5 06 71,458 33 10,015,714 00 10,196,875 00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5 250 6/12/2009 5/30/2007 10,021,300.00 5.14 71,458.33 10,009,396.10 10,196,875 00 FHLB TAP BONDS 3133XFLG9 AAA 25,000,000 00 5 250 6/12/2009 7/92007 24,974,000 00 5 31 178,645 83 24,988,527.75 25,492,187 50 FHLB BONDS 3133XR13X7 AAA 25,000,000 00 2 600 6/17/2009 5/23/2008 25,007,000.00 2.57 128,194.44 25,005,829.50 24,937,500.00 FFCB BONDS 31331 HXL6 AAA 6,630,000.00 6 750 7/7/2009 1/29/2007 6,872,061 30 5.14 29,835 00 6,726,232.59 6,862,050 00 FHLB FLOATING GLOBAL BONDS 3133XNWX3 AAA 10,000,000 00 2 534 7/16/2009 1/16/2008 9,995,600 00 3 91 10,900 00 9,997,466 20 9,990,040 00 Detail of S rities Held: 76990800 SANBERNARDINO COU �� ,`�iA� N7Y MONTH ENDED: July 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 FFCB DESIGNATED BONDS 31331 SQ89 AAA 6,370,000 00 4 125 7/17/2009 1/29/2007 6,225,337 30 5 12 10,218 54 6,311,549 71 6,441,662 50 FFCB DESIGNATED BONDS 31331SQ89 AAA 10,000,000 00 4.125 7/17/2009 1/29/2007 9,774,900 00 5.11 16,041 67 9,909,055 60 10,112,500 00 FFCB DESIGNATED BONDS 31331 SQ89 AAA 15,000,000 00 4 125 7/17/2009 5/25/2007 14,716,050 00 5 07 24,062 50 14,869,392 30 15,168,750 00 FNMA NOTES(EX-CALLABLE) 3136F7EZ6 AAA 10,000,000 00 4 500 7/27/2009 1/25/2007 9,863,300 00 5 09 5,000 00 9,944,003 80 10,150,000 00 FHLB GLOBAL BONDS 3133X1,UM3 AAA 10,000,000 00 5.125 8/5/2009 9/6/2007 10,097,500 00 4.58 250,555 56 10,052,778 80 10,215,625 00 FHLB GLOBAL BONDS 3133XLUM3 AAA 10,000,000 00 5 125 8/5/2009 10/9/2007 10,097,800 00 4 56 250,555.56 10,055,623.50 10,215,625 00 FNMA GLOBAL BENCHMARK NOTES 31359MU68 AAA 15,000,000 00 5 375 8/15/2009 6/26/2008 15,370,950 00 3 14 371,770 83 15,340,090 35 15,398,437 50 FHLB TAP BONDS 3133X0388 AAA 15,000,000.00 5 250 9/11/2009 12/22/2006 15,138,600 00 4 88 306,250 00 15,059,275 35 15,351,562 50 FNLMC GLOBAL REFERENCE NOTES 3I34A3M78 AAA 15,000,000 00 6 625 9/15/2009 5/29/2007 15,485,250 00 5 11 375,416 67 15,244,872 45 15,600,000 00 FHLB VARIABLE BONDS(EX-CALLABLE) 31 33X8GZ9 AAA 10,000,000 00 4.500 9/16/2009 1/26/2007 9,847,343 00 5 12 168,750.00 9,932,742.40 10,168,750 00 FFCB BONDS 31331 V4M5 AAA 15,000,000 00 5 000 9/21/2009 10/25/2006 14,953,650 00 5 11 270,83333 14,981,334 30 15,342,187 50 FFCB BONDS 31331 V4M5 AAA 10,000,000 00 5 000 9/21/2009 10/25/2006 9,967,000 00 5 12 180,555 56 9,986,696 50 10,228,125 00 FHL MC GLOBAL NOTES(EX-C4LLABLE) 3128X3WY5 AAA 4,302,000 00 4 000 9/22/2009 1/26/2007 4,183,953 12 5 12 61,662 00 4,249,465 05 4,351,584 85 FHLB BONDS 3133XH7E6 AAA 10,000,000 00 5 000 10/2/2009 5/29/2007 9,976,400 00 5.11 165,277 78 9,988,229 60 10,231,250 00 FHLB TAP BONDS 3133MABK4 AAA 10,000,000 00 6.500 11/13/2009 6/12/2007 10,275,300 00 5 27 137,222 22 10,150,469 00 10,434,375 00 FHLB FLOATING GLOBAL BONDS 3133XNDQI AAA 10,000,000 00 2.515 11/20/2009 11/27/2007 10,000,00000 4 88 50,998 61 10,000,000 00 9,985,160 00 FHLB FLOATING GLOBAL BONDS 3133XNDGI AAA 10,000,000.00 2 515 11/20/2009 11/27/2007 10,000,000.00 4 88 50,998 61 10,000,000 00 9,985,160 00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 10,000,000 00 2 453 11/23/2009 12/4/2007 9,997,000 00 4 84 47,697 22 9,998,004 20 9,984,120 00 FHLB FLOATING GLOBAL BONDS 3133XNF6I AAA 15,000,000 00 2 453 11/23/2009 12/6/2007 14,995,500 00 4 84 71,545 83 14,996,997 90 14,976,180 00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000 00 2 453 11/23/2009 12/10/2007 14,995,350.00 4 84 71,545 83 14,996,880 45 14,976,180 00 I FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000 00 2 453 11/23/2009 12121/2007 15,004,140 00 4 81 71,545 83 15,002,820 90 14,976,180 00 FNMA GLOBAL BONDS 31359M2S 1 AAA 15,000,000 00 4 625 12/15/2009 6/11/2007 14,783,100 00 5 25 88,645 83 14,878,144 05 15,323,437 50 I FHLB FLOATING GLOBAL BONDS 3133XNX95 AAA 10,000,000.00 2.568 1/8/2010 1/16/2008 10,009,280 00 4 41 16,796 39 10,006,738 60 9,986,650 00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MXV0 AAA 10,000,000.00 4 400 3/8/2010 4/2/2008 10,357,800.00 2 49 174,777 78 10,297,849 20 10,209,375 00 FNMA NOTES(CALLABLE) 3136F9ET6 AAA 5,000,000 00 2 625 4/1/2010 4/2/2008 5,000,000 00 2 62 43,750 00 5,000,000 00 4,962,500.00 FNMA NOTES(CALLABLE) 3136F9ET6 AAA 14,000,000 00 2 625 4/1/2010 4/3/2008 13,961,640.00 2 77 122,500 00 13,967,821 84 13,895,000 00 FNMA NOTES(CALLABLE) 3136F9ET6 AAA 5,000,000 00 2.625 4/1/2010 4/3/2008 5,000,000 00 2 62 43,750 00 5,000,000 00 4,962,500 00 FNMA NOTES(CALLABLE) 31398AP55 AAA 25,000,000 00 2 750 4/16/2010 4/22/2008 24,880,250.00 3 00 200,520 83 24,896,520 75 24,859,375 00 FNMA NOTES(CALLABLE) 3136F9LP6 AAA 25,000,000.00 3.000 4/28/2010 4/28/2008 24,886,000 00 3 24 193,750 00 24,900,372.25 24,945,312 50 FNMA NOTES(CALLABLE) 3136F9LP6 AAA 12,500,000 00 3 000 4/28/2010 4/28/2008 12,441,87500 3 24 96,875 00 12,449,202 75 12,472,656 25 FNMA NOTES(CALLABLE) 3)36F9LP6 AAA 12,500,000 00 3 000 4/28/2010 4/28/2008 12,441,25000 3 24 96,875 00 12,448,656 38 12,472,656 25 PFM ASSET'. .ifelphIldiiiiiirMININIMMIIIIIIIIIII Detail 1 ecurities Held: 76990800 SAN BERNARDINO CO t ' MONTH ENDED: 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 FHLB BONDS(CALLABLE) 3133XQQU9 AAA 10,000,000.00 2.800 4/29/2010 4/29/2008 9,938,700 00 3.12 71,555 56 9,946,351 90 9,890,625 00 FNMA GLOBAL NOTES(CALLABLE) 31398ARK0 AAA 25,000,000 00 3 250 5/21/2010 5/30/2008 24,889,25000 3 48 157,986 11 24,898,552 50 24,921,875 00 FHLMC GLOBAL NOTES 3137EABHl AAA 10,000,000.00 2 375 5/28/2010 6/11/2008 9,780,700 00 3 54 90,381 94 9,796,001 50 9,868,750 00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MC50 AAA 3,255,000 00 4 625 6/1/2010 4/2/2008 3,399,554 55 2.50 25,090 63 3,378,015 01 3,336,375 00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MC50 AAA 2,110,000 00 4 625 6/1/2010 4/2/2008 2,203,705 10 2 50 16,264.58 2,189,742 45 2,162,750 00 FHLMC MIN(CALLABLE) 3128X7VA9 AAA 25,000,000 00 3.250 6/9/2010 6/9/2008 24,957,500.00 3 34 117,361 11 24,960,493 75 25,017,975 00 FHLB TAP BONDS 3133XBTH8 AAA 15,000,000.00 4 250 6/11/2010 6/6/2008 15,303,300 00 3 20 88,541 67 15,280,912 05 15,290,625 00 FNMA NOTES(EX-CALLABLE) 3I36F67J2 AAA 10,015,000 00 4 625 6/16/2010 4/3/2008 10,433,627 00 2 66 57,899 22 10,373,064.89 10,281,023 44 FNMA NOTES(CALLABLE) 31398ARW4 AAA 15,000,000 00 3.500 6/18/2010 6/18/2008 15,015,450.00 3 45 62,708 33 15,013,620 15 14,997,000 00 FNMA NOTES(CALLABLE) 3136F9VQ3 AAA 9,000,000 00 3 875 6/24/2010 6/24/2008 8,984,250 00 3 97 35,843 75 8,985,035 70 9,073,125 00 FNMA NOTES(EX-CALLABLE) 3136F7GP6 AAA 7,575,000 00 4 750 8/2/2010 5/13/2008 7,857,093 00 3 00 178,906 77 7,830,662 08 7,802,250 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3I28X4GL9 AAA 15,000,000 00 4.790 8/4/2010 4/16/2008 15,713,850 00 2 64 353,262 50 15,626,163 75 15,465,090 00 FHLB BONDS 3133X0KHI AAA 11,000,000.00 4 550 8/6/2010 4/25/2008 11,329,780.00 3 17 243,298 61 11,292,828 47 11,278,437 50 FHLB TAP BONDS 3133MBZEO AAA 13,980,000 00 6 875 8/13/2010 4/24/2008 15,183,118 80 2 98 443,185 42 15,047,100 95 14,976,075 00 ' FHLB TAP BONDS 3133MRCM2 AAA 25,000,000 00 4 750 8/13/2010 6/24/2008 25,529,250.00 3 71 547,569 44 25,505,463 50 25,742,187 50 FHLB TAP BONDS 3133X06Q7 AAA 17,000,000.00 4 125 8/13/2010 5/13/2008 17,417,860.00 299 323,354.17 17,379,292 78 17,297,500 00 FHLMC MDI(CALLABLE) 3128X7TC8 AAA 25,000,000 00 3 200 8/20/2010 5/20/2008 24,987,500 00 3.22 157,777 78 24,988,002 50 24,968,100 00 , FHLMC GLOBAL NOTES(CALLABLE) 3128X6LT1 AAA 10,000,000 00 5 250 9/3/2010 10/10/2007 10,019,500.00 5 17 215,833 33 10,002,001 10 10,021,100 00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA 10,000,000 00 5.200 9/10/2010 10/15/2007 10,013,600 00 5 15 203,666 67 10,001,709 60 10,028,125 00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA 15,000,000.00 5 200 9/10/2010 10/16/2007 15,010,500 00 5.17 305,500 00 15,001,372 20 15,042,187 50 FHLMC MIN(CALLABLE) 3I28X6ML7 AAA 15,000,000 00 5 000 10/1/2010 10/10/2007 14,991,750 00 5 02 250,000 00 14,994,039 60 15,059,370 00 FHLMC MTN(CALLABLE) 3128X6ML7 AAA 15,000,000 00 5 000 10/1/2010 10/11/2007 14,978,700 00 5 05 250,000 00 14,984,355 75 15,059,370 00 FHLMC MIN(CALLABLE) 3128X7EG5 AAA 25,000,000 00 2.750 10/1/2010 4/1/2008 24,952,750.00 2.83 229,166 67 24,958,874 25 24,736,350 00 FFCB BONDS 31331X6M9 AAA 25,000,000 00 4 500 10/4/2010 3/27/2008 26,177,250 00 2 56 365,625 00 26,020,503 50 25,625,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398AHN5 AAA 10,000,000.00 5 000 10/15/2010 10/15/2007 9,993,500 00 5 02 147,222 22 9,995,131.40 10,046,875 00 FNMA GLOBAL NOTES(CALLABLE) 31398AHX3 AAA 10,000,000 00 5 020 10/15/2010 10/31/2007 10,034,000 00 4 89 147,811 11 10,007,441 10 10,043,750.00 FNMA GLOBAL NOTES(CALLABLE) 31398AHX3 AAA 10,000,000.00 5.020 10/15/2010 11/1/2007 10,032,200 00 4.90 147,811 1 I 10,007,050 40 10,043,750 00 FNMA GLOBAL BENCHMARK NOTES 31359MG.16 AAA 25,000,000 00 6 625 11/15/2010 4/9/2008 27,478,000.00 2 65 349,652 78 27,190,378.75 26,835,937 50 I FFCB BONDS 31331 H4M6 AAA 9,315,000.00 6.700 11/22/2010 4/9/2008 10,248,340.46 2 71 119,620 13 10,140,962 73 10,007,803 13 FHLB BONDS(EX-CALLABLE) 31339XU31 AAA 8,485,000 00 3.150 1/3/2011 5/20/2008 8,465,569 35 3.24 20,788 25 8,467,161 22 8,442,575.00 I FFCB BONDS 31331YNJ5 AAA 10,000,000.00 3 500 1/18/2011 5/20/2008 10,085,800 00 3 16 12,638 89 10,079,954 10 10,012,500 00 r' Detail of Se ties Held: 76990800 SANB�iERIAARDINOI CO! rUNTY 1 1 MONTH ENDED: July 31, 08 (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 FHLMC GLOBAL REFERENCE NOTES 3134A4VJ0 AAA 10,000,000 00 4 750 1/18/2011 5/20/2008 10,394,300 00 3 19 17,152 78 10,366,546 90 10,325,000 00 FHLMC GLOBAL REFERENCE NOTES 3134A4VJ0 AAA 20,000,000 00 4 750 1/18/2011 5/23/2008 20,731,000 00 3 30 34,305 56 20,681,716 80 20,650,000 00 FFCB BONDS(CALLABLE) 31331YQJ2 AAA 10,000,000 00 3 850 1/24/2011 1/25/2008 10,001,562 00 3.84 7,486 11 10,000,000 00 10,003,125 00 FFCB BONDS(CALLABLE) 31331YQY9 AAA 5,000,000 00 3.625 2/1/2011 2/1/2008 4,986,000 00 3 72 90,625 00 4,988,227 05 4,987,500 00 FFCB BONDS(CALLABLE) 31331YQY9 AAA 10,000,000 00 3 625 2/1/2011 2/112008 9,975,000 00 3 71 181,250 00 9,978,977 40 9,975,000 00 FHLMC MTh(CALLABLE) 3128X6F43 AAA 10,000,000 00 3.200 2/4/2011 2/15/2008 9,980,000 00 3 27 157,333 33 9,983,043 00 9,945,330 00 FHLMC MTN(CALLABLE) 3128X6F43 AAA 16,000,000 00 3 200 2/4/2011 3/10/2008 15,992,320 00 3 22 251,733 33 15,993,593 44 15,912,528 00 FHLMC MTN(CALLABLE) 3128X6F43 AAA 16,000,000 00 3 200 2/4/2011 3/10/2008 15,991,680 00 3 22 251,733 33 15,993,036 64 15,912,528 00 FHLMC M77'I(CALLABLE) 3128X6M78 AAA 10,000,000 00 3.600 2/4/2011 2/4/2008 10,000,000.00 3 60 177,000 00 10,000,000 00 9,985,570 00 FHLMC MIN(CALLABLE) 3128X6053 AAA 9,480,000 00 3 400 2/6/2011 2/13/2008 9,465,780 00 3.45 156,683.33 9,467,954 52 9,439,416 12 FHLMC GLOBAL NOTES(CALLABLE) 3128X6T63 AAA 10,000,000.00 3.750 2/7/2011 2/7/2008 10,003,500 00 3 74 181,250 00 10,000,116 70 10,001,540 00 FHLB BONDS(CALLABLE) 3133XPAL8 AAA 5,000,000 00 3 625 2/8/2011 2/8/2008 4,996,250 00 3 65 87,100 69 4,996,823 85 4,990,625 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 10,000,000 00 3 125 2/11/2011 2/14/2008 9,970,400.00 3.23 147,569.44 9,974,824 20 9,928,125 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 15,000,000 00 3 125 2/11/2011 2/15/2008 14,932,500.00 3 28 221,354 17 14,942,527 05 14,892,187 50 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 10,000,000.00 3.125 2/11/2011 2/19/2008 9,955,000 00 3 28 147,569 44 9,961,569 50 9,928,125 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 50,000,000 00 3 125 2/11/2011 3/6/2008 49,872,500.00 3 22 737,847 22 49,889,930 00 49,640,625 00 FNMA GLOBAL NOTES(CALLABLE) 3I398ANC2 AAA 17,026,000 00 3 125 2/11/2011 3/7/2008 16,979,178 50 3 22 251,251 74 16,985,533 45 16,903,625 63 FHLMC M77V(CALLABLE) 3128X62F2 AAA 5,000,000.00 3.420 2/14/2011 2/14/2008 4,992,500 00 3.47 79,325 00 4,993,610 40 4,979,320 00 FNMA NOTES(CALLABLE) 3136F8W68 AAA 7,400,000 00 3 400 2/14/2011 2/14/2008 7,388,900 00 3 45 116,714 44 7,390,543 76 7,367,625 00 FHLMC MTN(CALLABLE) 3128X6Z66 AAA 10,000,000.00 3 500 2/22/2011 2/22/2008 9,990,000 00 3 54 154,583 33 9,991,408 50 9,967,660 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 23,000,000 00 3 250 2/25/2011 2/25/2008 22,910,300.00 3 39 323,916 67 22,922,718 85 22,733,200 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 25,000,000 00 3 250 2/25/2011 2/25/2008 24,832,500 00 3 49 352,083 33 24,855,661 00 24,710,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH I AAA 25,000,000 00 3 250 2/25/2011 2/27/2008 24,845,000 00 3 47 352,083 33 24,866,229 75 24,710,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANHI AAA 25,000,000 00 3 250 2/25/2011 2/28/2008 24,883,500.00 3 42 352,083 33 24,899,398 50 24,710,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH I AAA 50,000,000.00 3.250 2/25/2011 3/5/2008 50,000,000 00 3 25 704,166 67 50,000,000 00 49,420,000 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 50,000,000 00 3.250 2/25/2011 3/5/2008 50,021,900 00 3.23 704,166 67 50,012,987 50 49,420,000 00 FHLMC GLOBAL NOTES(CALLABLE) 3128X65E2 AAA 25,000,000.00 3 400 3/3/2011 3/14/2008 25,063,250.00 3.31 349,444 44 25,038,693 75 24,942,725 00 FFCB BONDS(CALLABLE) 31331 YYR5 AAA 12,500,000.00 3 150 3/24/2011 3/24/2008 12,493,375 00 3 17 138,906 25 12,494,123 75 12,359,375 00 FFCB BONDS(CALLABLE) 31331 YYRS AAA 12,500,000 00 3.150 3/24/201 Y 3/24/2008 12,490,750 00 3 18 138,906 25 12,491,795.38 12,359,375 00 FFCB BONDS(CALLABLE) 3133IYYR5 AAA 12,500,000 00 3.150 3/24/2011 3/24/2008 12,491,750.00 3 17 138,906 25 12,492,682 38 12,359,375 00 FFCB BONDS(CALLABLE) 31331 YYRS AAA 18,445,000.00 3.150 3/24/2011 3/24/2008 18,447,766 75 3 14 204,970 06 18,446,798 20 18,237,493 75 Detail of rities Held: 76990800 SAN BERNARDINO COUNT MONTH ENDED: July 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 BONDS(CALLABLE) 3133XQDQ2 AAA 20,030,000 00 3 150 3/25/2011 3/25/2008 20,070,660 90 3 08 220,830 75 20,056,533 54 19,823,440 63 FFCB BONDS 3133ITZN4 AAA 12,150,000.00 3 750 4/7/2011 3/28/2008 12,428,23500 2 95 144,281 25 12,398,026 09 12,225,937 50 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 25,000,000 00 5 125 4/18/2011 3/12/2008 26,612,500 00 2.93 366,579 86 26,419,712 75 26,039,062 50 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 12,000,000 00 5 125 4/18/201 I 3/13/2008 12,773,400 00 2 93 175,958 33 12,681,510 84 12,498,750 00 FHLB TAP BONDS 3133XBYA7 AAA 25,000,000 00 4 250 6/10/2011 7/24/2008 25,158,250 00 4 01 150,520 83 25,157,277 00 25,313,500 00 2,431,017,000.00 2,437,120,775 73 4 11 29,394,618 78 2,441,966,738.91 2,448,322.866.33 MNY MRKT/MUTUAL FND FEDERATED GOVT OBLIGATIONS FUND 60934N 104 AAA 1,000,000 00 7/16/2008 1,000,000 00 2 52 0 00 1,000,000 00 1,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 52,000,000 00 6/13/2008 52,000,000 00 2 52 0 00 52,000,000 00 52,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 25,000,000.00 6/17/2008 25,000,000 00 2.52 0 00 25,000,000.00 25,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 38,000,000 00 6/19/2008 38,000,000.00 2.52 0 00 38,000,000 00 38,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 1,000,000 00 7/23/2008 1,000,000 00 2 52 0 00 1,000,000 00 1,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 10,000,000 00 7/24/2008 10,000,000.00 2 52 0.00 10,000,000 00 10,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 40,000,000 00 7/28/2008 40,000,000.00 2 52 0 00 40,000,000 00 40,000,000 00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 8,000,000.00 7/29/2008 8,000,000 00 2 52 0 00 8,000,000 00 8,000,000 00 175,000,00000 175,000,000.00 2.52 000 175,000,00000 175,000,00000 REPO AGREEMENT MORGAN STANLEY TRIPARTY REPO AGRM RE028551 I A-I 100,000,000.00 2 130 8/1/2008 7/31/2008 100,000,000 00 2 13 5,916 67 100,000,000 00 99,999,722 00 100,000,000 00 100,000,000 00 2 13 5,916 67 100,000,000.00 99,999,722 00 US TSY BOND/NOTE US TREASURY NOTES 912828BM1 TSY 5,000,00000 3.125 10/15/2008 11/22/2004 4,957,812 50 3 36 46,106.56 4,997,659 35 5,014,060.00 US TREASURY NOTES 912828BM1 TSY 5,000,000.00 3 125 10/15/2008 11/22/2004 4,957,812 50 3 36 46,106 56 4,997,659 35 5,014,060 00 US TREASURY NOTES 912828BM I TSY 5,000,000 00 3.125 10/15/2008 11/22/2004 4,957,812 50 3 36 46,106 56 4,997,659.35 5,014,060 00 15,000,000 00 14,873,437.50 3.36 138,319 68 14,992,978 05 /5,042,180.00 TOTAL SECURITIES 4,199,251,000 4,205,098,630.16 3.54% 38,886,886.72 4,212,128,117.45 4,217,522,446.53 STATE OF CALIFORNIA BILL LOCKYER, Treasurer OFFICE OF THE TREASURER lk) SACRAMENTO Local Agency Investment Fund PO Box 942809 Sacramento, CA 94209-0001 (916) 653-3001 www.treasurer.ca.gov/pmia-laif July, 2008 Statement CITY OF CHINO HILLS Account Number : 98-36-151 Attn: FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS CA 91709 Transactions Effective Transaction Tran Confirm Authorized Amount Date Date Type Number Caller 07-15-2008 07-14-2008 QRD 1178339 SYSTEM 307,515.72 07-23-2008 07-22-2008 RW 1181719 JUDY R. LANCASTER - 1,000,000.00 alknt Summary Total Deposit : 307,515.72 Beginning Balance : 39,837,892.54 Total Withdrawal : - 1,000,000.00 Ending Balance : 39,145,408.26 RECEIVED AUG 18 2008 JP Finn `emirs ere Page : 1 of 1 411P State of California Pooled Money Investment Account Market Valuation 7/31/2008 1. R a� x r t + ` n �s+. ;.e gin OTCP,l 'sVi., 1,r''�is2:09r°}.rr . H- va�:y y,,,,, �.z1 '" 1,� .0, .-, c ,,,,,:,-,L . i igb s ri to 11��Accrued Int res Purch tr F`r.Valu A` ue`., y y "*Ns 3 �rsSea. �k.+3?,�Ntr.7�ve4�c-Puw?,as�tsxssc,� n,�Zt ,�.r rt N�, r',h�?a a, uR'. ..Arc`,-,. �;l���;, United States Treasury: Bills $ 1,568,630,680.56 $ 1,577,164,000.00 NA Notes $ 1,849,660,767.76 $ 1,843,392,000.00 $ 8,743,206.00 Federal Agency: SBA $ 564,157,698.78 $ 562,484,231.94 $ 2,425,191.86 MBS-REMICs $ 1,105,444,960.68 $ 1,103,830,909.05 $ 5,245,540.50 Debentures $ 4,045,525,275.48 $ 4,056,637,697.75 $ 45,981,308.58 Debentures FR $ 6,002,586,433.63 $ 5,996,899,320.00 $ 24,116,695.49 Discount Notes $ 10,362,312,047.18 $ 10,406,603,600.00 NA FHLMC PC $ 42,140.90 $ 43,073.27 $ 708.35 GNMA $ 159,258.64 $ 179,217.95 $ 1,577.34 CDs and YCDs FRgip $ 200,000,000.00 $ 200,000,000.00 $ 1,514,325.11 Bank Notes $ 900,000,000.00 $ 900,029,535.00 $ 4,207,944.44 CDs and YCDs $ 12,025,106,148.73 $ 12,024,632,640.15 $ 41,320,250.69 Commercial Paper $ 6,405,252,788.81 $ 6,418,810,109.17 NA Corporate: Bonds FR $ 232,674,290.45 $ 231,954,398.48 $ 1,018,525.03 Bonds $ 145,615,545.35 $ 146,417,618.93 $ 2,353,561.30 • Repurchase Agreements $ - NA Reverse Repurchase $ (196,250,000.00) $ (196,250,000.00) $ (11,453,368.06) Time Deposits $ 9,191,000,000.00 $ 9,191,000,000.00 NA AB 55& GF Loans $ 12,713,437,254.41 $ 12,713,437,254.41 NA TOTAL $ 67,115,355,291.36 $ 67,177,265,606.10 $ 125,475,466.63 Fair Value Including Accrued Interest $ 67,302,741,072.73 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).