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12-09-2008 CC Rpt A06COUNCIL AGENDA STAFF REPORT Meeting Date: December 9. 2008 off' Public Hearing: 0 Discussion Item: ❑ / Consent Item: ty/ NOVEMBER 21, 2008 CITY CLERK USE ONLY .1J TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR OCTOBER 2008 Approve the Treasurer's Report for October; and 11i,IL l HILLS 2. Authorize staff to continue investing all of the City's funds in State and County investment pools. BACKGROUND/ANALYSIS: The Treasurer's Report for October 2008 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $151,757,287.15. 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 the market valuation amount. &0 AGENDA DATE: DECEMBER 9, 2008 SUBJECT: TREASURER'S REPORT FOR OCTOBER 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 as a prudent means of balancing investment returns with the costs of investment activities. FISCAL IMPACT: In accordance with California Government Code, the Finance Director/City Treasurer certifies that sufficient investment liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending April 30, 2009. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Ily submitted, N. LaBelle, City Manager DLB:JRL:jw Att. Recommended by: OVAX 4a�&4 Jyl 02. I�Acaster, Finance Director EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT OCTOBER 2008 L Funds Held by City and Fiscal Agents: A. Funds Held by City: Investments San Bernardino County Pooled Funds of Investments (SBCPFI) Los Angeles County Pooled Funds of Investments (LACPFI) State of California Local Agency Investment Fund (LAIF) Total Investments Cash Bank of America - Checking Bank of America - Payroll Wells Fargo Bank - Credit Card Total Cash in Bank Petty Cash Total Cash Total Funds Held by City B. Funds Held by Fiscal Agents: U.S. Bank BNY Western Trust Company Total Funds Held by Fiscal Agents Total Funds Held by City and Fiscal Agents II. Estimated Composite Investment Earnings Rate: (Estimate Investment Earnings Rate for SBCPFI : 3.31%; LAIR 2.77%; and LACPFI : 3.31%) Ill. Cash Flow Transactions by Major Fund Types: Market Cost Value $ 46,406,980.76 $ 46,436,518.84 39,061,441.73 (3) (1) 39,420,290.72 0) 124,888,713.21 (2) 90,244.76 90,244,76 10,000.00 10,000.00 66,461.22 66,461.22 166,705.98 166,705.98 2,600.00 2,600.00 169, 305.98 169, 305.98 125,058,019.19 (2) 24,180,307.68 24,180,307.68 2,518,960.28 2,518,960.28 26,699,267.96 26,699,267.96 $ 151,757,287.15 $ (2) 3.17% Beginning Ending Cash Balance Cash Cash Cash Balance Fund 10/01/08 Receipts Disbursements 10/31/08 General Fund $ 46,988,328.08 $ 1,401,373.43 (8,238,610.63) $ 40,151,090.88 Water Funds 30,463,916A3 1,993,298.69 (2,667,914.61) 29,789,300.51 Sewer Funds 16,471,290.10 554,380.49 (815,329.02) 16,210,341.57 Parks & Landscape 8,531,209.84 282,065.61 (801,201.60) 8,012,073.85 Development Funds 14,276,531.00 114,696.48 (806,080.47) 13,585,14T01 Comm. Facilities Dist. 27,442,313.73 138,132.82 (6,304,019.75) 21,276,426.80 Assessment Districts 4,402,004.44 380,150.04 (8,393.55) 4,773,760.93 Miscellaneous Funds 10,711,759.24 14,677,393.28 (7,430,006.92) 17,959,145.60 Total $ 159,287,352.86 $ 19,541,490.84 $ (27,071,556,55) $ 151,757,287.15 EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT OCTOBER 2008 Page 2 of 2 IV. Funds Held by Deferred Compensation Providers - Market Month Ending October 2008 Value ING Life Insurance and Annuity Company (4) N/A ICMA 3,764,491.03 Total Funds Held by Deferred Compensation Providers $ 3,764,491.03 Footnotes: (1) The market valuation is not available as of the date of this report. (2) Total market valuation cannot be determined since the market value for Los Angeles County Pooled Funds of Investments and State of California Local Agency Investment Fund are not available. (3) The Los Angeles County Pooled Funds of Investment statement is not available as of the date of this report. (4) The market valuation is not available as of the date of this report. In accordance with California Government Code, the Finance Director/City Treasurer certifies that sufficient investment liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the remaining one month of the 2007108 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 Treasurers Report are in compliance with the City's Investment Policy. In accordance with the California Government Code, the Finance Director/City Treasurer certifies that the investments reported in the Treasurers 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 April 30, 2009. dy Lan ter inance rector/City Treasurer City of Chino Hills Treasurer's Report Worksheet I it General II Water it Sewer Il Parks & it Develooment 11 Comm. Facilities It Assessment 11 Miscellaneous 11 I II Fund II Funds 11 Funds 11 Landscace 11 Funds II District II Districts 11 Funds II Total IFunds Held by City: 11 1 1 11 11 1 I I it (Beqinninq Book Balance (a, 10/01/08 1 II 31,036,452.41 1 )1 1 29,564,542.16 1 16,471,29010 II 8,531,209.84 II 14,276,531.00 I 20,030,803.53 1 1.989.187.18 1 10,711,75924 11 132,611,775,46 (0ash Receipts 11 1,386,235.67 1 1 1 1 1,992,426.33 1 1 II 554,380A9 II II 282,065.61 II 114,696.48 1 I 131,666.28 1 1 378.196.96 1 II 14,677,39128 11 19,517,061.10 Cash Disbursements 1 (8,238,610.63)1 1 1 (2.667,914.61)1 1 11 (815,329.02)11 11 II (801,20t60)1I II 1 (806,080A7)I 1 (6,303,343.82)1 1 (8,393.55)1 II (7A30,006.92)11 (27,070,880.62) Journal Entries For Month I It II 1 II II If II 11 I 1 1 1 1 1 1 II 0.00 11 0.00 Endinq Book Balance (a). 10/31/08 I 24.184,07T45 It 28,889,053.88 II 16,210,341.57 11 6-012,073.65 If 13,565.147.01 it 1 13,659,125.99 11 It 2,358,990.59 11 It 17,959.145.60 11 125,057,955.94 Reconcrlin i Transactions I 11 II 63.25 11 II If 11 !! II 11 II 11 II II 63.25 IEndinq Bank Balance Funds Held by City I 1 24,184.077.45 If I i 28.889.11713 D II 18,210,341.57 11 I 8.012.073.85 11 II 13.585.147-01 11 I 11 13-859,125.99 II II it 2.358.990.59 11 II II 17.959.145.60 It II 125.058-019.19 Funds Held by Fiscal Aaent: I I Ip II I II I II II I Beqinninq Book Balance 0, 10/01/08 1 15,951,875.67 1 1 899,374.27 11 11 0.00 1 1 0.00 11 If 0.00 1 1 7,411,510.20 If 2,412,81726 II 0.00 1 26,675,577.40 Cash Receipts 15,13736 1 1 809.11 II 11 0.00 1 1 0.00 II 11 0.00 1 it 6.466.54 If 1 1,953.08 1 1 0.00 1 24,366.49 Cash Disbursements ull it II 0.00 11 11 0.00 0.00 II 1 0.00 II 11 (675.93)11 1 0.00 1 1 0.00 1 (675.93) IJoumal Entnes For Month I 1 0.00 II 1 U If II 1 11 11 !! 11 If II I 0.00 1 0.00 IEndinq Book Balance (I!, 10131108 1 I 15,967,013.43 II 1 11 900,183.38 II 11 1 0.00 II 11 11 0.00 II 11 0.00 If 11 7,417,300.81 II 2.414,770.34 II 0.00 I 26,699,267.96 IReconcilinq Transactions 1 0.00 11 1 II II 11 11 If II II II 11 11 II II 11 11 1 0.00 1 0.00 Ending Bank Balance Funds Held by F/A 15.967-013.43 It I I I 900,183.38 11 II R 0.00 0 I n 00 It If 11 r1,00 II 7417 300._,8�11 � II 11 2�,4�14.770.34 If If 1 0.00 1 I 26.699.267.96 Summary of Cash Balances: I 1 I I u if 11 11 If If 11 Beqinninq Cash Balance I I II If I Funds Held by City 1 31,036,452.41 1 29,564,542.16 11 16,471290.10 1 8.531.209.84 11 14,276,531.00 If 20,030,803.53 II 1,989.187.18 II 10.711,759.24 1 132,611,775,46 Funds Held by Fiscal Aqent 1 1&951.875.67 1 899,374.27 II 0.00 1 0,00 II 0.00 it 7.411.510.20 11 2.412.81726 II 0.00 1 26.675.577,40 (Total Beqinninq Cash Balance 1 1 46.988.328-08 11 1 II 30.463.916.43 II 16.471.290.10 11 8,531.209,84 II 14.276.531.00 11 27 442 313.73 11 4.40Z004.44 II 10.711.759.24 1 159.287.352,86 IEndinq Cash Balance 1 11 It 11 If 11 II 11 II II If II I 1 I Funds Held by City 1 24,184,077.45 II 28,889,117A3 II 16,210,341.57 if 8,012,073.85 if 13,586,147.01 11 13,859,125.99 II 2,358,990Z9 It 17.959.145.60 1 725,058,019,19 1 Funds Held by Fiscal Agent 11 15,967.013.43 II 900,183.38 11 0.00 11 0.00 II O.00 11 7.417.300,81 II 2.414.770.34 II 0.00 1 26.699.26Z96 ITOtalEndingCash Balance If 40.151-090.88It 29789.300.5111 16,210341.5711 8012,073.8511 13.585.147.0111 21.276.426,80P 4,773,760.93Il 17,959,145.601 151757,287.15 84 TIRE: 00 35:16 DETAIL EXPENDITURE ACCOUNTING P�ERIODTI04 LISTING 12008Y OBJECT CODE DATE: 11/04/2008 FUND/DEFT/ORG1: SED OBJECT/ TR DATE ORG GRC TRANSACTION ID DESCRIPTION/VENDOR EXPENDITURES ENCUMBRANCES ---------- ------ ------ ----------------- SED SED X** NO ACTIVITY FOR THIS PERIOD *** BEGINNING BAL - CASH IN COUNTY TREASURY ENDING BAL - CASH IN COUNTY TREASURY CITY OF CHINO HILLS (CMO02 BUDGET/ PRE -ENCUMBRANCES REMAINING BUDGET 45 �9931260.79 46�40611980.76 PACKET PAGE NUMBER 3 *** W # x * + k REPORT CODE NAME: FZ365 } x F + y, X # X x REPORT DISTRIBUTION SYSTEM * FINAL REPORTS K + FOR OCTOSER, 2008 + t + k f REVENUE DETAIL TRANSACTIONS � * * w * t # k k k # # * + # # * # # # CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 4 *** Account Summary: SECURITY TYPE 76990800 SAN BERNARDINO COUNTY PAR VALUE AMORTIZED COST CERTOFDEPOSIT 400,000,000.00 COALVIERCIALPAPER 100,000,000.00 CORPORATENOTE 188,234,000.00 FEDAGYBOND/NOTE 2,284,828,000.00 FEDAGYDN 532,778,000.00 MNYJURKTIMUTUALFND 500,000,000.00 REPOAGREEMENT 215,000,000.00 TOTAL SECURITIES 4,220,840,000.00 CASHBALANCE 251,206,111.48 TOTAL INVESTMENTS 4,472,046,111.48 ACCRUED INTEREST 400,001,663.25 99,420,054.00 190,263,841.61 2,294,697,344.53 529,934,631.39 500,000,000.00 215,000,000.00 4,229,317,554.78 251,206,111.48 4,480,523,666.26 29,008,091.72 TOTAL PORTFOLIO 4,472,046,111.48 $4,509,531,757.98 MARKET% OF MARKETVALUE PORTFOLIO 399,872,491.20 9.45 99,369,925.00 2.35 187,686,207.06 4.43 2,299,145,568.42 54.33 531,099,159.13 12.55 500,000,000.00 11.81 214,996,061.30 5.08 4,232,169,412.11 100.00 251,206,111.48 4,483,375,523.59 29,008,091.72 $4,512,383,615.31 MONTH ENDED: October 31, 2008 YTM AT YTM AT COST MARKET DURATION 2.88 2.61 0.15 2.64 2.69 0.19 3.32 4.53 0.66 3.90 3.08 1.21 2.61 1.12 0.19 1.78 1.78 0.00 0.13 0.35 0.01 3.14 % 2.55 % 0.73 vetau of ;3ecuniaes neia: 76990800 SANBERNARDINO COUNTY MONTH ENDED: October 31, 2008 (Excluding Cmh/MoncyFund) 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 ROYAL BK OFSCOTLAND NY CERTDEPOS 78010GETI A-1+ 25,000,000,00 2.960 11/3/2008 5/9/2008 25,025,389.50 2.75 378,222,22 25,000,285.25 25,002,727.50 BARCLA IS BANK PLC NY CERTDEPOS 06738UAE9 A-1+ 55,000,000.00 2.850 11/10/2008 7/10/2008 55,000,000.00 2.85 496,375M 55,000,000.00 55,014,366.00 BANK OFAMERICA CERTDEPOS 0605COGPI A-1+ 45,000,000M 2.790 11/12/2008 7/1112008 45,000,000.00 2.79 394,08750 45,000,000.00 45,012,060.00 BNP PARIBASSF CERTDEPOS 05566QRG4 A-0+ 25,000,000.00 2,800 II/18/2008 7/17/2008 25,000,000.00 2.80 208,055.56 25,000,000.00 25,007,310.00 CITIBANKNA CERTDEPOS 1730DIZP2 A-1+ 25,000,000,00 2.750 11/19/2008 8/19/2008 25,000,000.00 2.75 141,319.44 25,000,000.00 25,006,630M ROYAL BANK OFSCOTLAND(M) CERTDE 7801OGGZ5 A-i+ 25,000,000.00 2.750 11/242008 5/22/2008 25,001,273,65 2.74 311,284.72 25,000,157.50 25,004,917.50 UBSAGSTAAgORD CERTDEPOS 90263LTY2 A -I+ 25,000,000.00 2.860 1211 I2008 911I/2008 25,000,000.00 286 101,291.67 25,000,000.00 25,001,025.00 UBSAG STAAgORD CERTDEPOS 90263LWE2 A -I+ 25,000,000.00 2.850 12/152008 9/15/2008 25,000,000.00 2.85 93,020.83 25,000,000.00 24,999,004.75 BNP PARIBASSFBRANCH CERTDEPOS 05566QQD2 A-1+ 30,000,000.00 2,920 2117/2009 5/16/2008 30,000,000.00 2.92 411,233.33 30,000,000.00 29,958,847.50 RABORANKNEDERLAND NVNY CERTDEP 74977GKB3 A -I+ 25,000,000,00 2.800 2252009 42512008 25,000,000.00 2.80 369,444.44 25,000,000.00 24,953,568.50 ROYAL BK OFSCOMAND NY CERTDEPOS 7801OGFAI A -I+ 25,000,000.00 2.900 227/2009 4/30/2008 25,002,054.20 2.89 372,569.44 25,000,800.00 24,960,996.75 BARCLAYSBANKPLCNY CERTDEPOS 06738UDJ5 A-1+ 45,000,000.00 3.150 3/22009 9/2/2008 45,000,000.00 3.15 236,250.00 45,000,000.00 44,970,790.95 ROYAL BANK OFSCOTLAND(NY) CERTDE 780I0GQK7 A -I+ 25,000,000M 3.110 3/412009 914/2008 25,000,618.81 3.11 125,263.89 25,000,420.50 24,980,246.75 400,000,000.00 400,029,336.16 2.88 3,638,418.04 400,001,663.23 399,872,491.20 COMMERCIAL PAPER BANK OFAAENCA COMUPAPER 0660POLD3 A-1+ 25,000,000.00 111132008 10=2008 24,977,083.33 150 0.00 24,987,500.00 24,985,525.00 BARCLAIS US FUNDING LLC COMMPAPER 06737HLUI A-1+ 25,000,000.00 11/282008 5/29/2008 24,641,625.00 2.86 0.00 24,947,125.00 24,953,800.00 BARCLAIS US FUNDING LLC COMiMPAPER 06737HPL7 A-1+ 25,000,000,00 2/20/2009 820/2008 24,610,277.78 3.10 0.00 24,764,895.75 24,739,525,00 BARCLAYS US FUNDINGLLC COMMPAPER 06737HQC6 A -I+ 25,000,000.00 31IM009 9/12/2008 24,613,866.67 3.12 0,00 24,720,533.25 24,691,075.00 100,000,000.00 98,842,852.78 2.64 0.00 99,420,054.00 99,369,925.00 CORPORATE NOTE ASSOCIATES CORP IVA(CITD GL SR NOTES O46003JT7 AA- 4,290,000.00 6.250 11/1/2008 6/25/2007 4,336,074.60 5.41 134,062.50 4,290,000,00 4,290,000.00 ASSOCIATES CORP NA(C177) GL SR NOTES O46003JT7 AA- 5,000,000.00 6.250 11/l/2008 6/25/2007 5,054,400.00 5.40 156,250.00 5,000,000.00 5,000,000.00 GENERAL ELEC CAP CORP GL SR FRN(LI 36962GT53 AAA 3,000,000.00 2.826 12/12/2008 10/231ZO07 3,001,560.00 5.69 11,911.46 3,000,153.75 2,992,776.00 CITIGROUP INC GLOBAL SR FLOATING NO3 172967DFS AA- 15,000,000,00 2.848 12/26/2008 10/9/2007 14,985,300.00 5.32 54,743.75 14,998,179.00 14,978,820.00 CITIGR0UP INC GLOBAL SR FLOATING NO 172967DG3 AA- 3,410,000.00 2.836 1/30/2009 10/2/2007 3,401,169.10 5.33 664.00 3,408,364.46 3,397,280.70 BANK OFAMERICA CORP GLOBAL SR NOT 060505BH6 AA- 10,000,000.00 3.375 2/17/2009 3f712008 10,051,300.00 2.82 69,375.00 10,016,129.50 9,972,100.00 BANK OFAMERICA NA SR FRBN(LIB3+0) 06050TKK7 AA 1,300,000.00 2.638 2/27/2009 10/2/2007 1,296,451.00 5.37 6,697,17 1,299,185.25 1,298,888.50 WAL-MAR T STORES INC GLOBAL SR NOTES 931142BE2 AA 21,000,000.00 6.875 8/10/2009 4/15/2008 22,123,647.00 2.72 324,843.75 21,664,789.44 21,650,664.00 Detail Of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: October 31, 2008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST ATCOST INTEREST COST NALUE WAL-MARTSTORESINC GLOBAL SRNOTES 931142BE2 AA 6,500,000.00 &875 8/10/2009 4/21/2008 6,827,186.54 2.90 100,546.88 6,696,124.05 6,701,396.00 WAL-MARTSTORESINC GLOBAL ERNOTES 931142BE2 AA 10,000,000.00 6.875 8/102009 4/21/2008 10,508,103.11 2,87 154,687.50 10,304,538.40 10,309,840.00 WAL-MARTSTORES INC GLOBAL SR NOTES 931142BE2 AA 5,000,000.00 6.875 8/10/2009 5/6/2008 5,239,850.00 2.97 77,343.75 5,148,472.75 5,154,920.00 W,4L-MARTSTOMZVCGLOBALSRNOTES 931142BE2 AA 2,500,000.00 6.875 8/10/2009 5/6/2009 2,619,900,00 2.97 38,671.88 2,574,159.80 2,577,460.00 WAL-MARTSTORESLYC GLOBAL SR NOTES 931142BE2 AA 5,000,000.00 6.875 8/10/2009 5/6/2008 5,236,550.00 3A2 77,343.75 5,146,451.10 5,154,920.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 7,000,000.00 4.125 9/l/2009 3/17/2008 7,124,530.00 2.87 48,125.00 7,071,907.01 6,903,386.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,000,000.00 4.125 9/1/2009 325/2008 10,184,300.00 2.80 68,750.00 10,108,042.70 9,861,980.00 GENERAL ELEC CAP CORP GLOBAL SRMT 36962GR48 AAA 10,000,000.00 4.125 9JI2009 4/2/2008 10,160,300.00 2.96 68,750.00 10,095,319.20 9,861,980.00 GENERAL ELEC CAP COPP GLOBAL SR MT 36962GR48 AAA 4,000,000.00 4,125 9/1/2009 4/82008 4,058,880.00 3.04 27,500,00 4,035,44L24 3,944,792.00 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 68,750.00 10,098,828.00 9,861,980.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GZHO AAA 5,234,000.00 4.623 9/15/2009 4IM008 5,354,434.34 2.98 30,931.49 5,307,755.96 5,219,323.86 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 50,347.22 25,000,000.00 24,274,975.00 TO IOTA MOTOR CREDIT CORP SR MTN 89233PX43 AAA 25,000,000.00 3.060 11/4/2009 5/162008 25,000,000.00 3.06 350,625.00 25,000,000.00 24,278,725.00 188,234,000.00 191,725,834.69 3.32 1,920,920.10 190,263,841.61 187,686,207.06 FED AGY BOND/NOTE FHLMC GLOBAL NOTES (EX -CALLABLE) 3128X4ST9 AAA 10,000,000.00 4.900 11/3/2008 9/2912007 10,014,700.00 4.76 242,277.78 10,000,073.60 10,000,000.00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000.00 4.900 11/3/2008 5/4/2007 9,975,800.00 5.07 242,277.78 9,999,908.00 10,000,000.00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000.00 4.900 11/3/2008 5t4/2007 9,975,766.62 5.07 242,277.78 9,999,907.90 10,000,000.00 FHLB GLOBAL BONDS (EX -CALLABLE) 3133XDRXI AAA 5,630,000.00 5.020 11/712008 12/182006 5,639,972.98 4.92 136,602.57 5,630,093.85 5,631,759.38 FHLBBONDS(EX-CALLABLE) 3133XIVYO AAA 3,660,000.00 4.000 11/14/2008 12/182006 3,599,646.60 4.92 67,913.33 3,658,819.61 3,661,143.75 FHLB FLOATING GLOBAL BONDS 3133XKNQ4 AAA 6,000,000.00 2.518 11/14/2008 11127/2007 6,000,000.00 4.71 34,812.67 6,000,000.00 5,999,322.00 FNMA GLOBAL BENCHMRKNOTES(EX-C 31359MTQ6 AAA 10,000,000,00 3.875 11/172008 2/10/2006 9,734,700.00 4.91 176,527.78 9,995,514.70 10,003,125.00 FFCB BONDS 31331XDW9 AAA 15,000,000.00 4.875 11/20/2008 1/12/2007 14,953,650.00 5.05 327,031.25 14,998,664.25 15,018,750.00 FFCB BANDS 31331XDW9 AAA 5,000,000,00 4.875 11/202008 1/12/2007 4,984,370.00 5.05 109,010.42 4,999,549.45 5,006,250,00 FHLB GLOBAL BONDS 3133XKRM9 AAA 15,000,000.00 5.000 11/212008 7/6/2007 14,947,315.50 5,26 333,333.33 14,997,860.40 15,018,750.00 FNMA NOTES (EX -CALLABLE) 3136F3UG9 AAA 9,000,000.00 3.200 11/28/2008 2/6/2006 8,603,190.00 4.90 122,400.00 8,988,824A3 9,002,812.50 FHLB TAP BONDS 3133YDT76 AAA 10,000,000.00 4.750 12/12/2008 412612006 9,883,800.00 5.23 183,402,78 9,994,710.30 10,025,000.00 FHLB TAP BONDS 3133XDT76 AAA 15,000,000.00 4.750 12/122008 12/14/2006 14,954,850.00 4.91 275,104.17 14,997,330.45 15,037,500.00 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000.00 5.000 12/12/2008 12/14/2006 15,023,625.15 4.91 289,583.33 15,001,401.30 15,042,187.50 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000.00 5.000 22/12/2008 1/22007 14,992,330.00 5.02 289,583.33 14,999,59160 15,042,187.50 FFCB BONDS 31331SJJ3 AAA 10,000,000.00 3.650 12/17/2008 426/2006 9,616,000,00 5.22 135,861.11 9,980,410.60 10,015,625.00 Letan OI wCUTIneS riew: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: October 31, 2008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSH RATING PAR COUPON DATE DATE COST ATCOST INTEREST COST VALUE FHLB GLOBAL BONDS 3133XLJL8 AAA 15,000,OMOO 5250 12/24/2008 7/6/2007 14,997,300.00 5.26 277,812.50 14,999,754.75 15,060,937.50 FFCB BONDS 31331V6A9 AAA 15,000,000,00 5.000 12/29/2009 12/14/2006 15,028,800.00 4.90 254,166.67 15,002,355,75 15,060,937.50 FFCB BONDS 31331V6A9 AAA 15,000,000.00 SMO 12/29/2008 12/21/2006 15,020,550.00 4.93 254,166.67 15,001,697.70 15,060,937.50 FFCB BONDS 31331XCF7 AAA 15,000,000.00 5.100 1/512009 12/15/2006 15,061,800.00 4.89 246,500.00 15,005,528.55 15,065,625.00 FHLB FLOATING GLOBAL BONDS 3133XLMS9 AAA 10,000,000.00 2.621 1/5/2009 10/512007 10,001,280.00 5.09 30,285.00 10,000,181.70 10,015,050.00 FHLMC GLOBAL NOTES (EX -CALLABLE) 3128X2ME2 AAA 15,000,000.00 3.875 1/12/2009 4/16/2007 14,713,050.00 5.03 175,989.58 14,966,551.65 15,032,812.50 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X2ME2 AAA 15,000,000.00 3.875 1/122009 &7/2007 14,687,99700 5.25 175,989.58 14,960,449.35 15,032,812.50 FFCB DESIGNATED BONDS 31331SNF6 AAA 15,000,000.00 3.750 1/15/2009 5/4/2006 14,452,500.00 5.22 165,625.00 14,955,950.70 1S,037,500.00 FFCB DESIGNATED BONDS 31331SNF6 AAA 10,000,000.00 3.750 1/15/2009 623/2006 9,590,600.00 5.48 110,416.67 9,965,307.20 10,025,000.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359ME74 AAA 5,000,000.00 5.000 3/23/2009 6/14/2007 4,972,200.00 5.36 68,055.56 4,995,987.8E 5,026,562,50 FHLMC MTN (EX -CALLABLE) 3128X3D34 AAA 10,000,000.00 4.000 1/29/2009 6113/2007 9,803,400.00 5.27 102,222.22 9,969,682.10 10,031,870.00 FHLB BONDS 3133XJTC2 AAA 10,000,000.00 5.125 2/2/2009 4/10/2007 10,016,700,00 5.02 126,701.39 10,002,514.70 10,065,625.00 FHLMC GLOBAL REFERENCENOTES 3137EAAA7 AAA 10,000,000.00 4975 2/17/2009 6/292006 9,841,300.00 5.53 100,208.33 9,981,285M 10,062,500.00 FFCB BONDS 31331VZK5 AAA 11,280,000M 5.260 2/18/2009 6/15/2006 11,254,845.60 -5.35 120,313.73 11,276,986.66 11,371,650.00 FFCB BONDS 31331VZM AAA 7,670,000.00 5.260 2/182009 622/2006 7,632,800.50 5.46 81,809.07 7,665,560.60 7,732,318.75 FHLMC MIN (EX -CALLABLE) 3128X4C41 AAA 11,235,000.00 5.000 2/23/2009 4/1012007 11,230,96L02 5.02 106,108.33 11,234,420.16 11,314,835.91 FFCB BONDS 31331XQM7 AAA 10,725,000.00 5.000 2/23/2009 4/10/2007 10,721,568.00 5.01 101,291.67 10,724,519.41 10,808,789.06 FNMA NOTES(EX-CALLABLE) 3136FSDP3 AAA 10,700,000.00 3.740 2/24/2009 12/15/2006 10,442,237.00 4.91 74,477.94 10,661,639.97 10,736,781.25 FNMA NOTES (EX -CALLABLE) 3136F5DP3 AAA 17,950,000,00 3.740 224/2009 7/6/2007 17,517,225.50 5.30 124,941.97 17,864,523.54 18,011,703.13 FHLB TAP BONDS 3133XEN96 AAA 10,000,000.00 4.750 3/13/2009 5/10/2007 9,963,400.00 4.96 63,333.33 9,992,601.40 10,081,250.00 FHLB TAP BONDS 3133XFEQ5 AAA 15,000,000.00 5.250 3/13/2009 4/10/2007 15,065,400.00 5.01 I0S,000.00 15,013,021.50 15,150,000,00 FHLB TAP BONDS 3133XFEQ5 AAA 12,670,000.00 5.250 3/13/2009 5/11/2007 12,726,888.30 4.99 88,690.00 12,681,903.97 12,796,700.00 FHLMC GLOBAL REFERENCE NOTES 3134MEM4 AAA 20,000,000.00 5.750 3/I5/2009 6/62007 20,177,000M 5.22 146,944.44 20,038,740.40 20,225,000.00 FFCB BONDS 31331VTGI AAA 10,000,000.00 5.080 3/16/2009 621/2006 9,901,800.00 5.47 63,500.00 9,985,94I.10 10,096,875.00 FFCB BONDS 31331XVG4 AAA 15,000,000.00 4.875 4/13/2009 4/132007 14,974,950.00 4.96 36,562.50 14,994,154.80 15,159,375.00 FFCB BONDS 31331XVG4 AAA 15,000,000.00 4.875 4/13/2009 5/18/2007 14,965,050M 5.00 36,562.50 14,991,618.60 15,159,375.00 FNMA GLOBAL NOTES (EX -CALLABLE) 31359MUW1 AAA 5,000,000.00 3.850 4/142009 5/16/2007 4,896,150.00 5.00 9,090.28 4,974,574.70 5,026,562.50 FHLMC GLOBAL REFERENCE NOTES 3134A4UQ5 AAA 15,000,000.00 3.375 4/15/2009 5/18/2007 14,560,440.00 5M 22,500.00 14,891,506.50 15,046,875.00 FHLB BONDS(E&CALLABLE) 3133MSJ14 AAA 10,000,000.00 5.823 5/6/2009 12262006 10,204,530.00 4.89 283,062.50 10,046,669.20 10,165,625.00 FHLB BONDS (EX -CALLABLE) 3133M8JJ4 AAA 10,000,000.00 5.823 5/6/2009 12/26/2006 10,206,100.00 4.89 283,062.SO 10,047,023.10 I0,165,625.00 FHLB FLOATING GLOBAL BONDS 3133XNCD9 AAA 10,000,000.00 1485 52012009 12/10/2007 9,996,000.00 4.74 52,722.22 9,998,482.00 9,982,020.00 Detail Of Securities Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: October 3I, 2008 (Excluding Cwh/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST ATCOST INTEREST COST VALUE FHL,WC GLOBAL REFERENCENOTES 3137EAAE9 AAA 15,000,000.00 5.250 5/21/2009 5/212007 15,062,850.00 5.03 350,000.DD 15,018,069.30 15,201,56150 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000M 5,250 5/21/2009 5/23/2007 15,058,200.00 5.04 350,000.00 15,016,794M 15,201,562.50 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 25,000,000.00 5.250 5/21/2009 528/2008 25,656,750.00 2.52 583,333.33 25,373,948.00 25,335,937.50 FHLB GLOBAL BONDS 3133XRGC8 AAA 1Q000,000.00 2.650 61412009 611612009 9,957,200.00 3.10 108,208.33 9,973,70220 10,000,000.00 FHLMC GLOBAL NOTES 3137EAAT6 AAA 16,000,000.00 5.000 6/11/2009 6/12/2008 16,341,536.00 2.81 311,111.11 16,210,227,68 16,220,000.00 FHLMC GLOBAL NOTES 3137EAAT6 AAA 2,240,000.00 5.000 6111/2009 6/12/2008 2,284,486.40 2.96 43,555.56 2,267,389.44 2,270,800.00 FHLMC GLOBAL NOTES 3137EAAT15 AAA 8,000,000.00 5.000 6111/2009 6/12200S 8,160,800.00 2.94 155,555.56 8,098,99796 8,110,000,00 FHLMC GLOBALNOTES 3137EAAT6 AAA 10,000,000.00 5.000 6/11/2009 6/16/2008 10,183,100.00 3.10 194,444A4 10,114,026.20 10,137,500.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 4/17/2007 10,052,981.34 4.98 202,708.33 10,015,860.50 10,153,125.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5,250 6/12/2009 V)W2007 10,052,981.34 4,98 202,708.33 10,015,860.50 10,153,125.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 5/23/2007 10,036,000M 5.06 202,708.33 10,011,232.20 10,153,125M FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/122009 5/30/2007 10,021,300.00 5.14 202,708.33 10,006,716M 10,153,125M FHLB TAP BONDS 3133XFLG9 AAA 25,000,00D.00 5250 6/12/2009 7/9/2007 24,974,000.00 5.31 506,770.83 24,991,797.50 25,382,812.50 FHLB BONDS 3133XRBX7 AAA 25,000,000.00 2.600 6/17/2009 5/2312008 25,007,000.00 2.57 290,694.44 25,004,280.00 24,984,375.00 FFCB BONDS 31331HXL6 AAA 6,630,000.00 6.750 7/72009 129/2007 6,872,061.30 5.14 141,716.25 6,700,805.81 6,806,109.38 FHLB FLOATING GLOBAL BONDS 3133XNWX3 AAA 10,000,000,00 2.616 7/16/2009 1/16/2008 9,995,600M 3.91 18,583.33 10,000,000.00 10,006,620M FFCB DESIGNATED BONDS 31331SQ89 AAA 6,370,000.00 4.125 7/17/2009 1/29/2007 6,225,337.30 5.12 75,909.17 6,326,553.86 6,429,718.75 FFCB DESIGNATED BONDS 31331SQ89 AAA 10,000,000.00 4.125 7/17/2009 1/29/2007 9,774,900.00 5.11 119166.67 9,932,401.50 I0,093,750.00 FFCB DESIGNATED BONDS 31331SQ89 AAA 15,000,000.00 4.125 7/17/2009 525/2007 14,716,050.00 5.07 178,750.00 14,902,923.75 15,140,625.00 FNMA NOTES (EX -CALLABLE) 3136FTEZ6 AAA 10,000,000.00 4,500 727/2009 12512007 9,863,300.00 5.09 117,500.00 9,957,980.40 10,112,500.00 FHLB GLOBAL BONDS 3133XLLTM3 AAA 10,000,000.00 5.125 8/5/2009 9/6/2007 10,097,500.00 4.58 122,43056 10,039,885.10 10,168,750,00 FHLB GLOBAL BONDS 3133=163 AAA 10,000,000.00 5.125 8/5/2009 10/92007 10,097,800.00 4.56 122,430.56 10,042,033.80 10,I68,750.00 FNMA GLOBAL BENCHMARK NOTES 31359MU68 AAA 15,000,000.00 5.375 9/15/2009 6/26/2008 15,370,950M 3.14 170,208.33 15,259,094.25 15,290,625.00 FHLB TAP BONDS 3133XGJ88 AAA 15,000,000.00 5,250 9/11/2009 12/22/2006 15,138,600M 4.88 I09,375.00 15,046,192.05 15,271,875.00 FHLMC GLOBAL REFERENCENOTES 3134A3M78 AAA 15,000,000.00 6.625 9/15/2009 529/2007 15,485,250.00 5.11 126,979.17 15,191,448.90 15,478,125,00 FHLB VARIABLE BONDS (EX -CALLABLE) 3133X8GZ9 AAA 10,000,000.00 4.500 9/16/2009 1/26/2007 9,847,343.00 5.12 56,250.00 9,947,375.90 10,131,250.00 FFCB BONDS 31331V4M5 AAA 15,000,000.00 5M0 9/212009 10/25/2006 14,953,650.00 5.I1 83,333.33 14,985,342.00 15,262,500.00 FFCB BONDS 31331WM5 AAA 10,000,000.00 5.000 9/21/2009 10/25/2006 9,967,000.00 5.12 55,555.S6 9,989,552.90 10,175,000.00 FHLMC GLOBAL NOTES (EX -CALLABLE) 3128X3WY5 AAA 4,302,000.00 4.000 9/222009 1/26/2007 4,183,953,12 5.12 18,642.00 4,260,71525 4,339457.51 FHLB BONDS 3133XH7E6 AAA 10,000,000.00 5,000 10/2/2009 5/29/2007 9,976,400.00 5.11 40,277.78 9,990,685.50 30,168,750.00 FHLB TAP BONDS 3133MABK4 AAA 10,000,000.00 6.500 11/132009 6/12/2007 10,275,300M 5.27 299,722.22 10,122,041.10 10,334,375.00 (Excluding Cash/MoneyFund) SECURITY TYPE DESCRIPTION 76990800 SAN BERNARDINO COUNTY S&P MATURITY PURCHASE CUSIP RATING PAR COUPON DATE DATE MONTH ENDED: October 31, 2008 ORIGINAL YTM ACCRUED AMORTIZED MARKET COST ATCOST INTEREST COST VALUE FHLB FLOATING GLOBAL BONDS 3133XNDG1 AAA 10,OWW0.00 2.515 11/20/2009 11/27/2007 10,000,000.00 4.88 53,330.56 10,000,000.00 9,964,190.00 FHLB FLOATING GLOBAL BONDS 3133XNDGi AAA 10,000,000.00 2.515 11/20/2009 11/27/2007 10,000,000.00 4.88 53,330.56 10,000,000.00 9,964,190.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 10,000,000.00 2.453 11/23/2009 12/4/2007 9,997,000.00 4.84 51,061.11 9,998,387.50 9,962,990.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000.00 2.453 11/232009 12/6/2007 14,995,500.00 4.84 76,591,67 14,997,574.50 14,944,485.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000.00 2.453 11232009 12/10/2007 14,995,350.00 4.84 76,591.67 14,997,479.55 14,944,485.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000,00 2.453 11/23/2009 12/21/2007 15,004,140,00 4.81 76,591.67 15,002,279.10 14,944,485.00 FNMA GLOBAL BONDS 31359i,42S1 AAA 15,000,000.00 4.625 12/15/2009 6/112007 14,733,100.00 5.25 262,083.33 14,899,720.35 15,243,750.00 FHLBFTLGNOTES(US LIB-19) 3133XRRZ5 AAA 25,000,000.00 2.601 1/6/2010 828/2008 24,942,750.00 2.82 72,547.22 24,970,781.75 24,945,475.00 FHLB FLOATING GLOBAL BONDS 3133XNX9S AAA 10,000,000.00 2,629 1/8/2010 1/162008 10,009,280.00 4.41 26,379.72 10,005,557.70 9,981,780.00 FNMA FLTGNOTES USLIB-5.5 31398ATKS AAA 15,000,000.00 2,749 2/12/2010 820/2008 14,995,642.50 2.77 92,770.31 14,998,234.80 14,955,510.00 FNMA FLTG NOTES US LIB-5.5 31398ATK8 AAA 25,000,000.00 2.749 2/12/2010 9/32008 24,985,750,00 2,79 154,617.19 24,990,632.00 24,925,850.00 FNMA GLOBAL NOTES(EX-CALLABLE)31359MXVO AAA 10,000,000.00 4.400 3/82010 4/2/2008 10,337,800.00 2.49 64,777.78 10,252,143.80 10,143,750.00 FNMA NOTES(CALUBLE) 3136F9ET6 AAA 5,000,000.00 2.625 4/l2010 4/2/2008 5,000,000.00 2.62 76,562.50 5,000,000.00 4,951,562.50 FNMA NOTES (CALLABLE) 3136F9ET6 AAA 14,000,000.00 2.625 4/l/2010 4/3/2008 13,961,640.00 2.77 214,375.00 13,972,556.22 13,864,375.00 FNMA NOTES (CALLABLE) 3136F9ET6 AAA 5,000,000.00 2.625 4/1/2010 4/3/2009 5,000,000.00 2.62 76,562.50 5,000,000.00 4,951,562.50 FNMA NOTES(C,9LLABLE) 31398APS5 AAA 25,000,OOD.00 2.750 4/16/2010 422/2008 U,880,250.00 3,00 28,645.83 24,911,341.25 24,789,062.50 FNMA NOTES (CALLABLE) 3136F9LP6 AAA 25,000,000.00 3.000 4/28/2010 4/28/2008 24,886,000.00 3.24 6,250.00 24,914,288.50 24,867,187.50 FNMA NOTES (CALLABLE) 3136F9LP6 AAA 12,500,000.00 3.000 4/282010 428/2008 12,441,875.00 3.24 3,125.00 12,456,297.88 12,433,S93.75 FNMA NOTES (CALLABLE) 3136F9LP6 AAA 12,500,000.00 3.000 4/28/2010 428/2008 12,441,250.00 3.24 3,125.00 12,455,827.63 12,433,593.75 FHLB BONDS (CALLABLE) 3133XQQU9 AAA 10,000,000.00 2.800 429/2010 4/29/2008 9,938,700.00 3.12 1,555,56 9,953,840.10 9,878,125.00 FNMA GLOBALNOTES(CALLABLE) 31398ARK0 AAA 25,000,000.00 3.250 5/21/2010 5130/2008 24,889,250.00 3.48 361,111.11 24,912,277.50 24,898,437.50 FHLMC GLOBALNOTES 3137EABHi AAA 10,000,000.00 2.375 5/28/2010 6/11/2008 9380,700.00 3,54 149,756.94 9,823,544.20 9,890,625,00 FNMA GLOBAL NOTES (EX -CALLABLE) 31359MC50 AAA 3,255,000.00 4.625 6/l/2010 4/2/2008 3,399,554.55 2.50 62,726.36 3,361,674.78 3,319,082.81 FNMA GLOBAL NOTES (EX -CALLABLE) 31359MC50 AAA 2,110,000.00 4.625 6/1/2010 42/2008 2,203,705.10 2.50 40,66I.46 2,179,150.16 2,151,540.63 FHLMC MTN(CALLABLE) 3128X7VA9 AAA 25,000,000,00 3.250 6/9/2010 6/9/2008 24,957,500.00 3.34 320,486.11 24,965,675.00 25,018,800.00 FHLB TAP BONDS 3133XBTH8 AAA 15,000,000.00 4250 6/11/2010 6/6/2008 15,303,300.00 3.20 247,916.67 15,244,137.75 15,225,000.00 FNMA NOTES (EX -CALLABLE) 3136F6772 AAA 10,015,000.00 4.625 6/16/2010 4/32008 10,433,627.00 2.66 173,697.66 10,326,325.29 10,730,948.44 FNMA NOTES (CALLABLE) 31398ARW4 AAA 15,000,000.00 3.500 6/1812010 6/18/2008 15,015,450.00 3.45 193,958.33 15,009,790.05 15,046,875.00 FNMA NOTES (CALLABLE) 3136F9VQ3 AAA 9,000,000.00 3.875 6/24/2010 6/24/2008 8,984,250.00 3.97 123,031.25 8,986,946,85 9,059,062.50 FNMA NOTES (EX -CALLABLE) 3136F7GP6 AAA 7,575,000,00 4.750 8/2/2010 5/13/2008 7,957,093.00 3.00 88,953.65 7,799,463.99 7,769,109.38 FHLMC GLOBAL NOTES (EX -CALLABLE) 3128X4GL9 AAA 15,000,000,00 4,790 8/4/2010 4/16/2008 15,713,850.00 2.64 173,637.50 15,549,776.70 15,414,675.00 vetan Ot NecuritICS Held: 76990800 SANBERNARDINO COUNTY MONTH ENDED: October 31, 2008 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST ATCOST INTEREST COST VALUE FHLB BONDS 3133XOKH1 AAA 11,000,000.00 4.550 8/6/2010 4125/2008 11,329,780.00 3.17 118,173.61 11,257,368.10 11,216,562,50 FHLB TAP BONDS 3133MBZEO AAA 13,980,000.00 6.875 9/13/2010 424/2008 15,183,118.80 2.98 202,904.17 14,919,036.18 14,840,643.75 FHLB TAP BONDS 3133MRCM2 AAA 25,000,000.00 A.750 8/13/2010 624/2008 25,529,250M 3.71 250,694.44 25,445,353.00 25,632,812.50 FHLB TAP BONDS 3133XO6Q7 AAA 17,000,000.00 4.125 8/13/2010 5)132008 17,417,860.00 2.99 148,041.67 17,333,826.79 17,249,687.50 FHLMC MTN(CALLABLE) 3128X7TC8 AAA 25,000,000.00 3,200 8/2012010 520/2009 24,987,500.00 122 357,777.78 24,990,070.00 25,010,025.00 FHLBNOTES 3133XRT83 AAA 25,000,000.00 3.375 9/102010 9/4/2008 25,045,500.00 3.28 262,500.00 25,042,534.25 25,046,875.00 FHLMC MTN(CALLABLE) 3128X7EG5 AAA 25,000,000.00 2,750 10/1/2010 Ail/2008 24,952,750.00 2.83 401,041.67 24,963,489.25 24,828,100.00 FFCB BONDS 3133IX6M9 AAA 25,000,000.00 4.500 10/4/2010 3/27/2008 26,177,250.00 2.56 84,375.00 25,906,159.25 25,570,312.50 FNMA GLOBAL BENCHMARK NOTES 31359MGJ6 AAA 25,000,000.00 6.625 11/15/2010 4/9/2008 27,478,000.00 2.65 763,715.28 26,957,963.25 26,742,187.50 FFCB BONDS 31331114146 AAA 9,315,000.00 6.700 11/22/2010 4/9/2008 10,248,340,46 2.71 275,646.38 10,054,092.71 9,949,584,39 FULMCNOTES 3137FABVO AAA 25,000,000.00 2.875 11/23/2010 10/282008 24,897,000.00 3.08 41,927.08 24,897,373.00 24,905,075,00 FHLB BONDS (EX -CALLABLE) 31339XUJI AAA 8,485,000.00 3.150 1/3/2011 5/20/2008 8,465,569.35 3.24 87,607.63 8,468,941.80 8,458,484.38 FFCBBONDS 31331YNJ5 AAA 10,000,000.00 3,500 Ill 8/2011 520/2008 10,085,800.00 3.16 100,138.89 10,072,09740 10,031,250.00 FHLMC GLOBAL REFERENCE NO TES 3134A4VJO AAA 10,000,000M 4.750 1/182011 520/2008 10,394,300.00 3.19 135,902.78 10,330,539.60 10,356,250.00 FHLMC GLOBAL REFERENCE NO TES 3134A4VJ0 AAA 20,000,000,00 4.750 1/18/2011 523/2009 20,731,000.00 3.30 271,805,56 20,614,821.80 20,712,50M0 FFCB BONDS (CALLABLE) 31331YQJ2 AAA 10,000,000.00 3.850 1/24/2011 125/2008 10,001,562.00 3.84 103,736.11 10,000,000.00 10,000,000.00 FFCB BONDS (CALLABLE) 31331YQY9 AAA 5,000,000.00 3.625 2/12011 211/2008 4,986,000.00 3.72 45,312.50 4,989,361.30 5,000,000.00 FFCB BONDS (CALLABLE) 31331YQY9 AAA 10,000,000.00 3.625 2/12011 2/1/2008 9,975,000.00 3.71 90,625.00 9,981,003.00 10,000,000.00 FHLMCM7M(CALLABLE) 3128X6F43 AAA 10,000,000.00 3.200 2142011 2/15/2008 9,980,000.00 3.27 77,333.33 9,984,679.30 9,993,730.00 FHLMC MTN (CALLABLE) 3128X6F43 AAA 16,000,000.00 3200 2/4/2011 3/10/2008 15,992,320.00 3.22 123,733,33 15,994,217.76 15,999,968.00 FHLMC MTN(CALLABLE) 3128X61743 AAA 16,000,000.00 3.200 2/4/2011 3/10/2008 15,991,680.00 3.22 123,733,33 15,993,714.56 15,989,968.00 FHLMC MTN (CALLABLE) 3128X6M78 AAA 10,000,000.00 3.600 2/4/2011 2/4/2008 10,000,000.00 3,60 87,000.00 10,000,000.00 9,950,000.00 FHLMC MTN(CALLABLE) 3128X6U53 AAA 9,480,000.00 3.400 2/6/2011 2/13/2008 9,465,780.00 3.45 76,103.33 9,469,112.31 9,473,800,08 FHLMC GLOBAL NOTES (CALLABLE) 3128X6T63 AAA 10,000,000.00 3.750 2/7/2011 2/7/2008 10,003,500.00 3.74 87,500M 10,000,000.00 10,001,310.00 FHLB BONDS (CALLABLE) 3133XPAL8 AAA 5,000,000.00 3.625 2/8/2011 2/8/2008 4,996,250.00 3.65 41,788.19 4,997,127.40 5,000,000.00 FNMA GLOBAL NOTES (CALLABLE) 31398ANC2 AAA 10,000,000.00 3.125 2/112011 2/14/2008 9,970,400.00 3,23 69,444.44 9,977,233.10 9,975,000.00 FNMA GLOBAL NOTES (CALLABLE) 31398ANC2 AAA 15,000,000.00 3125 2/112011 2/15/2008 14,932,500.00 3.28 104,166.67 14,948,022.90 14,962,500.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 10,000,000.00 3.125 2/11/2011 2/192008 9,955,000.09 3.28 69,444.44 9,965,245M 9,975,000.00 FNMA GLOBAL NOTES (CALLABLE) 31398ANC2 AAA 50,000,000.00 3.125 2/11201I 3/6/2008 49,872,500,00 3.22 347,222.22 49,900,503.00 49,875,000.00 FNMA QLOBALNOTES(CALLABLE) 31398ANC2 AAA 17,026,000.00 3.125 2/11201I 3M2008 16,979,I79.50 3.22 118,236.11 16,989,419.64 16,983,435.00 FHLMC MTN(CALLABLE) 3128X62F2 AAA 5,000,000.00 3.420 2/14/2011 2/142008 4,992,500.00 3.47 36,575.00 4,994,217.70 4,997,160.00 WIN r ; rid (Excluding Cash/MoneyFund) SANBERNARDINO COUNTY MONTH ENDED: October 31, 2008 SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FNMANOTES(CALL4BLE) 3136FSW69 AAA 7,400,000.00 3.400 2/14/2011 2/14/2008 7,388,900.00 3.45 53,814.44 7,391,442.71 7,393,062.50 FHLMC MTN(CALLABLE) 3128X6Z66 AAA 10,000,000.00 3.500 2/22/2011 2/22/2008 9,990,000,00 3,54 67,083.33 9,992,216.60 10,001,460.00 FNMA GLOBAL NOTES (CALLABLE) 31398ANHI AAA 23,000,000.00 3,250 2/252011 2/25/2008 22,910,300.00 3.39 137,041.67 22,929,972.36 22,928,125.00 ENMA GLOBAL NOTES (CALLABLE) 3I398ANHI AAA 25,000,000.00 3.250 2/25/2011 2/25/2008 24,832,500.00 3.49 143,958.33 24,869,194.00 24,921,875.00 FNMA GLOBAL NOTES (CALLABLE) 31398ANHI AAA 25,000,000.00 3.250 2/252011 227/2008 24,845,000.00 3.47 148,958.33 24,878,779.25 24,921,875.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 25,000,000.00 3.250 2/25/2011 2/28/2008 24,883,500.00 3.42 148,958.33 24,908,845.50 24,921,875.00 FMW GLOBAL NOTES (CALLABLE) 3139SANHI AAA 50,000,000.00 3.250 2/25/2011 31512008 50,000,000.00 3.25 297,916.67 50,000,000.00 49,843,750.00 FNMA GLOBAL NOTES (CALLABLE) 31398ANHI AAA 50,000,000.00 3.250 2/25/2011 3/5/2008 50,021,900.00 3.23 297,916.67 $0,007,297.50 49,843,750.00 FHLMC GLOBAL NOTES (CALLABLE) 3128X65E2 AAA 25,000,000.00 3.400 3/3/2011 3114/2008 25,063,250.00 3.31 136,944.44 25,022,338.25 25,036,050.00 FFCB BONDS (CALLABLE) 31331YYR5 AAA 12,500,000.00 3.150 3/24/2011 3/24/2008 12,493,375.00 3.17 40,468.75 12,494,657.88 12,386,719.75 FFCB BONDS (CALLABLE) 31331YYRS AAA 12,500,000.00 3.150 3/242011 3/24/2008 12,490,750.00 3.18 40,468.75 12,492,541.00 12,386,718.75 FFCB BONDS (CALLABLE) 31331YYRS AAA 12,500,000.00 3.150 3/24/2011 3242008 12,491,7%00 3.17 40,468.75 12,493,347.38 12,386,718.75 FFCB BONDS (CALLABLE) 31331YYR5 AAA 18,445,000.00 1150 3/24/2011 3/24/2008 18,447,766.75 3.14 59,715.69 18,446,10762 18,277,842.19 FHLB BONDS (CALLABLE) 3133XQDQ2 AAA 20,030,000.00 3.150 3/25/2011 325/2008 20,070,660.90 3.08 63,094.50 20,046,383.14 19,873,515.63 FFCB BONDS 31331TZN4 AAA 12,150,000.00 3.750 4/7/2011 3/28/2008 12,428,235.00 2.95 30,375.00 12,375,764.01 12,237,328.13 FHL6IC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 25,000,000.00 5.125 4/13/2011 3/12/2008 26,612,500.00 2,93 46,267,36 26,293,853.75 25,984,375.00 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 12,000,000.00 5.125 4/182011 3/13/2008 12,773,400.00 2.93 22,208.33 12,621,094.08 12,472,500.00 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 25,000,000.00 5A25 4/18/2011 10/23/2008 26,030,000.00 3.38 46,267.36 26,021,104.75 25,984,375.00 FFCBNOTES 31331YG46 AAA 50,000,000.00 2.625 4/21/2011 10/22/2008 48,936,500.00 3.52 36,458.33 48,946,779,50 49,031,250.00 FHLB TAP BONDS 3133XBYA7 AAA 25,000,000.00 4.250 6/10/2011 7242008 25,158,250.00 4.01 416,145.83 25,144,766.00 25,531,250.00 2,284,828,000.00 2,294,255,253.48 3.90 23,447,996.63 2,294,697,344.53 2,299,145,568.42 FED AGY RN FNMA DISC NOTE 313588N35 A-l+ 50,000,000.00 11/4/2008 9292008 49,902,000,00 1.96 0.00 49,991,833.50 49,998,825.00 FHLBDISCNOTE 313384Q93 A-1+ 50,000,000.00 11/262008 9/262008 49,793,277.78 2.45 0.00 49,915,278.00 49,977,406.00 FNMA DISC NOTE 31358SQ99 A-1+ 25,000,000.00 11/2612008 929/2008 24,907,361+11 2,31 0.00 24,960,069.50 24,988,703.00 FNMA DISC NOTE 313588R80 A -I+ 25,000,000,00 12/3/2008 10/9/2008 24,948,437.50 L35 0.00 24,970,000.00 24,983,616.50 FNMADISCNOTE 31358SS22 A -I+ 25,000,000.00 I2/52008 10/I12009 24,900,694.44 2.21 0.00 24,948,055.50 24,982,381.00 FNMA DISC NOTE 313588S55 A -I+ 25,000,000.00 1218/2008 10/7/2008 24,944,027.78 1.30 0.00 24,966,597.25 24,980,476.25 FHLMC DISC NOTE 313396T45 A -I+ 50,000,000.00 12/152008 925/2008 49,689,500.00 2.78 0.00 49,831,333.50 49,951,577.50 FHLBDISCNOTE 3133841131 A-1+ S0,000,000.00 12(2212008 92612008 49,619,375,0 3.17 0.00 49,776,375,00 49,941,525,50 FNMA DISC NOTE 313589AB9 A-1+ 36,000,000.00 1/2/2009 9/30/2008 35,736,800.00 2.82 0.00 35,826,400.08 35,939,872.44 Detail of Securities I (Excluding, Cash/MoneyFund) 76990800 SANBERNARDINO COUNTY MONTH ENDED: October 31, 2008 SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST ATCOST INTEREST COST VALUE FHLBDISCNOTE 313385AF3 A -I+ 50,000,000,00 1/6/2009 9/26/2008 49,531,083.33 3,34 000 49,696,583.50 49,898,674.00 EVMA DISCNOTE 313589APS A -I+ 25,000,000.00 1/14/2009 10/15/2008 24,867,291.67 2.11 0.00 24,992,083.25 24,929,307.75 FHLBDISCNOTE 313385DTO A-1+ 50,000,000.00 3/31/2009 9/25/2008 49,137,722.22 3.38 0.00 49,308,333.50 49,532,439.00 FHLMCDISCNOTE 313397EG2 A-1+ 21,778,000.00 4/13/2009 10/15/2008 21,473,108.00 284 0.00 21,501,903.31 21,549,794.44 FHLBDISCNOTE 313385EK8 A-1+ 25,000,000.00 4/16/2009 10/10/2009 24,673,611.11 2,53 0,00 24,711,805.50 24,731,350.50 FHLBDISCNOTE 313385ET9 A -I+ 25,000,000.00 4/24/2009 10/27/2008 24,627,083 33 305 0.00 24,637,500.00 24,713,210.25 532,778,000.00 528,751,373.27 2.61 0.00 529,934,651.39 531,099,159.13 MNY INIRKT/MUTUAL NND GOLDMANFS GOYERNMENTMMFUND 38141W273 AAA 16,000,000.00 10/212008 16,000,000.00 1.78 0.00 16,000,000.00 I6,000,000,00 GOLDMANFS GOVERNMENT MMFUND 3814IW273 AAA 19,000,000.00 10/242008 19,000,000.00 1,78 0.00 19,000,000.00 19,000,000.00 GOLDMANFS G 0 VERNMENT MY F UND 3914IW273 AAA 165,000,000.00 10/29/2008 165,000,000.00 1.78 0.00 165,000,000.00 165,000,000.00 FEDERATED GO IT OBLIGATIONS FUND 60934NI04 AAA 1,000,000.00 929200E 1,000,000.00 1.78 0.00 2,OOQ000.00 1,000,000.00 FEDERATED GOVTOBLIGATIONSFUND 60934N104 AAA 53,000,000.00 9/30/2008 53,000,000.00 1.78 0.00 53,000,000.00 53,000,000,00 FEDERATED GO VT OBLIGA TIONS FUND 60934NI04 AAA 15,000,000.00 10/3/2009 15,000,000.00 1.78 0.00 15,000,000.00 15,000,000.00 FEDERATED GOYT OBLIGATIONS FUND 60934NI04 AAA 34,000,000,00 I01612009 34,000,000.00 I.78 0.00 34,000,000.00 34,000,000.00 FEDERATED GO VT OBLIGATIONSFUND 60934NI04 AAA 7,000,000.00 10/14/2008 7,000,000.00 1.78 0.00 7,000,000.00 7,000,000.00 FEDERATED GO VT OBLIGA TIONS FUND 60934NI04 AAA 23,000,000,00 10/15/2008 23,000,000.00 L78 0,00 23,000,000.00 23,000,000.00 FEDERATED GOVTOBLIGATIONSFUND 60934NI04 AAA 50,000,000.00 T01I612008 50,000,000.00 1.78 0.00 50,000,000,00 50,000,000.00 FEDERATED GOVT OBLIGATIONS FUND 60934NI04 AAA 15,000,000.00 10/17/2008 15,000,000.00 1.78 0.00 15,000,000.00 15,000,000,00 FEDERATED GOVT OBLIGATIONS FUND 60934N104 AAA 83,000,000.00 10/292008 83,000,000.00 1.78 0.00 93,000,000.00 83,000,000.00 FEDERATED GOVTOBLIGATIONSFUND 60934NI04 AAA 18,000,000.00 10/30/2008 18,000,000.00 1.78 0.00 18,000,000.00 18,000,000.00 FEDERATED PRIME OBLIGATIONMUTUAL 60934N203 AAA 1,000,000.00 82712008 1,000,000.00 1.78 0.00 1,000,000.00 1,000,000.00 500,000,000.00 500,000,000.00 1.78 0.00 500,000,000.00 500,000,000.00 REPO AGREEMENT MORGANSTANLEY TRIPARITREPO AGRM RE0300252 A-1 115,000,000.00 0.150 11/3/2008 10/31/2008 115,000,000.00 0.15 479.17 115,000,000.00 114,998,116.30 BANK OFAMERICA REPO AGRMT RE0300260 A-1+ 100,000,000,00 0.100 11/3/2008 10/31/2008 100,000,000.00 0.10 277.78 100,000,000,00 99,997,945.00 215,000,000,00 215,000,000.00 0.I3 756.95 215,000,000.00 214,996,061.30 TOTAL SECURITIES 4,220,840,000 4,228,604,650.38 3,14% 29,008,091.72 4,229,317,554.78 4,232,169,412.11 LAIF Regular Monthly Statement Page 1 of 1 Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209-0001 (916)653-3001 CITY OF CHINO HILLS FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS, CA 91709 Transactions Tran Tvne Definitions Effective Transaction Tran Confirm Date Date Type Number 10/15/2008 10/14/2008 ORD 1194128 Account Summary Total Deposit: Total Withdrawal: 274,882.46 0.00 www.treasurer.ca.qov/Dmia-laif November 18, 2008 PMIA Average Monthlv Yields Account Number: 98-36-151 October 2008 Statement Authorized Caller Amount SYSTEM 274,882.46 Beginning Balance: 39,145,408.26 Ending Balance: 39,420,290.72 https://Iaifms.treasurer.ca.gov/RegularStatement.aspx 11/18/2008 State of California Pooled Money Investment Account Market Valuation I (United States Treasury: Bills I Notes I (Federal Agency: J SBA MBS-REMICs Debentures J Debentures FR Discount Notes FHLMC PC J GNMA I CDs and YCDs FR Bank Notes (CDs and YCDs )Commercial Paper I 1 Corporate: Bonds FR 1 Bonds I Repurchase Agreements )Reverse Repurchase 1 (Time Deposits IAB 55 & GF Loans I I TOTAL 10/31 /2008 I I 5,706,727,404.88 ) 3,489,067,713.44 ) i 566,819,907.67 ) 1,084,203,134.89 ) 3,778,718,718.30 1 6,335,888,481.64 ) 5,226,364,644.47 J 11,682,45 I 149,223.64 ) ( 200,000,000.00 ) 300,000,000.00 J 5,000,016,265.32 I 4,220,807,458.29 ) I 259,314,980.02 I 104,134,401.22 ) I I (98,500,000.00)1 1 $ 8,646,000,000.00 1 $ 8,646,000,000.00 18,832,753,268.08 1 $ 18,832,753,268.08 1 63,652,477,284.31 1 Fair Value Including Accrued Interest $ 6 I I 5,748,458,000.00 ) 3,481,542,000.00 ) I I 563,793,163.13 ) 1,063,575,440.02 ) 3,781,227,627.75 ) 6,323,366,580.00 ) 5,256,352,600.00 ) 11,951.12 I 170,671.29 ) I 200,000,000.00 ) 299,986,260.00 ) 4,997,905,553.15 ) 4,237,871,858.34 I ) I 255,615,093.04 I 103,189,978.30 ) I (98,500,000.00)1 1 ) ) ) 3,693,320,044.22 1 $ 63,848,374,037.29 NA $ 51,447,010.00 $ 2,213,404.16 $ 5,148,441.17 $ 51,604,959.06 $ 29,691,629.10 NA $ 201,17 $ 1,478.07 $ 1,477,433.11 $ 3,182,000.00 $ 31,014,726.38 NA $ 1,387,487.72 $ 822,042.57 NA $ (22,936,819.44) F $ 155,053,993.07 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).