HomeMy WebLinkAbout2009-06-09 - Finance-Accounting Committee Meeting Agenda Packet
'rb Linda
Water District
AGENDA
YORBA LINDA WATER DISTRICT
FINANCE-ACCOUNTING COMMITTEE MEETING
Tuesday, June 9, 2009, 4:00 PM
1717 E Miraloma Ave, Placentia CA 92870
COMMITTEE STAFF
Director Michael J. Beverage, Chair Ken Vecchiarelli, General Manager
Director John W. Summerfield Diane Cyganik, Finance Director
Sandi Van Etten, Senior Accountant
1. PUBLIC COMMENTS
Any individual wishing to address the committee is requested to identify themselves and state the matter on
which they wish to comment. If the matter is on this agenda, the committee Chair will recognize the individual for
their comment when the item is considered. No action will be taken on matters not listed on this agenda.
Comments are limited to matters of public interest and matters within the jurisdiction of the Water District.
Comments are limited to five minutes.
2. ACTION CALENDAR
This portion of the agenda is for items where staff presentations and committee discussions are needed prior to
formal committee action.
2.1. Monthly Financial Statements for April 2009
Recommendation: That the Committee receive and file the Financial Statements.
2.2. Monthly Investment Report for April 2009
Recommendation: That the Committee receive and file the Investment Report.
3. DISCUSSION ITEMS
This portion of the agenda is for matters such as technical presentations, drafts of proposed policies, or similar
items for which staff is seeking the advice and counsel of the Committee members. This portion of the agenda
may also include items for information only.
3.1. Fiscal Year 2008-2009 Financial Audit Entrance Conference - Nitin Patel, CPA of Diehl,
Evans & Company
3.2. U.S. Bank's Government Securities Treasury Fund Update
3.3. Monthly Portfolio Report for May 2009
3.4. Future Agenda Items and Staff Tasks
4. ADJOURNMENT
4.1. The next regular meeting of the Finance-Accounting Committee will be held July 14,
2009 at 4:00 p.m.
Items Distributed to the Committee Less Than 72 Hours Prior to the Meeting
Pursuant to Government Code section 54957.5, non-exempt public records that relate to open session agenda items
and are distributed to a majority of the Committee less than seventy-two (72) hours prior to the meeting will be available
for public inspection in the lobby of the District's business office located at 1717 E. Miraloma Avenue, Placentia, CA
92870, during regular business hours. When practical, these public records will also be made available on the District's
internet website accessible at http://www.ylwd.com/.
Accommodations for the Disabled
Any person may make a request for a disability-related modification or accommodation needed for that person to be
able to participate in the public meeting by telephoning the Executive Secretary at 714-701-3020, or writing to Yorba
Linda Water District, P.O. Box 309, Yorba Linda, CA 92885-0309. Requests must specify the nature of the disability and
the type of accommodation requested. A telephone number or other contact information should be included so the
District staff may discuss appropriate arrangements. Persons requesting a disability-related accommodation should
make the request with adequate time before the meeting for the District to provide the requested accommodation.
ITEM NO. 2.1
AGENDA REPORT
Meeting Date: June 9, 2009 Budgeted: N/A
To: Finance-Accounting Committee
Funding Source: N/A
From: Ken Vecchiarelli, General
Manager
Presented By: Sandi Van Etten, Senior Dept: Finance
Accountant
Reviewed by Legal: N/A
Prepared By: Sandi Van Etten, Senior CEQA Compliance: N/A
Accountant
Subject: Monthly Financial Statements for April 2009
SUMMARY:
A presentation will be made of the April 2009 Financial Statements.
STAFF RECOMMENDATION:
That the Committee receive and file the Financial Statements.
DISCUSSION:
The Water Fund and the Sewer Fund had operating losses through April 30, 2009 of $2,738,075
and $116,900, respectively. The key factors are as follows:
Water. In April monthly meter reading began. This should have several positive results: (1) revenue
will be more current, (2) the comparison of water purchased to water sold should be more accurate
with fewer timing differences, (3) customers will have a bill reflecting the previous month's usage.
For April, the water bill included two months of water usage, to catch up with the new monthly
reading schedule. February's and March's consumption averaged 551,276 units/month. April's
consumption was 1,179,527 reflecting the two month bill. Without the extra month's billing, revenue
would be at budget. April's operating loss decreased by $450,000. Without the additional month's
revenue, the operating loss would have increased by $750,000.
Sewer:Sewer maintenance revenue also reflects the two month bill in April. That, together with the
Locke Ranch revenue from April tax assessments, accounts for about $126,000 additional revenue
this month. The operating loss decreased by around $122,000 from the prior month, due to the
extra revenue received.
PRIOR RELEVANT BOARD ACTION(S):
Financial Statements are presented to the Finance-Accounting Committee on a monthly basis.
Quarterly Financial Statements are presented to the Board of Directors which are then received and
filed.
ATTACHMENTS:
Summary of Water Sewer (Apr-2009).pdf "dater & Sewer Summary Financial Report Backup Material
Water Detail (Apr-2009).pdf "dater Detail Financial Report Backup Material
Sewer Detail (Apr-2009).pdf -ewer Detail Financial Report Backup Material
Yorba Linda Water District
Income/Expense Report
Water & Sewer
For the Ten Months Ending April 30, 2009
Full Year YTD YTD YTD
Budget Budget Actual Under(Over) Month
FY 2009 FY 2009 FY 2009 Budget April/2009
Revenue (Operating):
Water Revenue (Consumption & Flat Charge) $17,079,300 $14,232,750 $18,076,368 ($3,843,618) $2,507,702
Sewer Revenue 1,246,550 1,038,792 1,164,394 (125,602) 228,805
Other 556,040 463,367 552,296 (88,929) 44,794
Total Operating Revenue: 18,881,890 15,734,909 19,793,058 (4,058,149) 2,781,301
Revenue (Non-Operating):
Annexation Revenue 419,400 349,500 338,595 10,905 33,975
Interest & Investment Earnings 93,160 77,633 190,018 (112,385) (264,676)
Property Taxes 1,266,150 1,055,125 1,212,697 (157,572) 426,020
Other 109,300 91,083 90,927 156 1,767
Total Non-Operating Revenue: 1,888,010 1,573,341 1,832,237 (258,896) 197,086
Total Revenue 20,769,900 17,308,250 21,625,295 (4,317,045) 2,978,387
Expenses (Operating):
Variable Water Costs (G.W., Import & Power) 11,156,500 9,297,083 8,709,392 587,691 801,090
Salary Related Expenses 8,112,968 6,760,807 5,144,492 1,616,315 493,459
Capital Projects Labor 387,200 (387,200)
Capital Projects Allocation 358,076 (358,076)
Supplies & Services 4,112,172 3,426,810 2,751,759 675,051 228,746
Capital Projects Allocation 172,641 (172,641)
Total Operating Expenses: 23,381,640 19,484,700 17,523,560 1,961,140 1,523,295
Expenses (Non-Operating):
Depreciation & Amortization 4,240,700 3,533,917 3,377,986 155,931 349,839
Interest on Long Term Debt 1,722,493 (1,722,493) 164,197
Other Expense 31,000 25,833 290,632 (264,799) 5,210
Total Non-Operating Expenses: 4,271,700 3,559,750 5,391,111 (1,831,361) 519,246
Total Expenses 27, 653, 340 23, 044, 450 22, 914, 671 129,779 2,042,541
Income (Loss) (6,883,440) (5,736,200) (1,289,376) (4,446,824) 935,846
Contributed Capital (918,100) (765,083) (3,428,354) 2,663,271 (1,221,719)
Yorba Linda Water District
Income/Expense Report
Water Detail
For the Ten Months Ending April 30, 2009
Full Year YTD YTD YTD
Budget Budget Actual Under(Over) Month
FY 2009 FY 2009 FY 2009 Budget April/2009
Revenue (Operating):
Water Revenue (Residential) $12,991,060 $10,825,883 $13,624,790 ($2,798,907) $1,966,726
Water Revenue (Commercial & Fire Det.) 1,341,790 1,118,158 1,351,217 (233,059) 207,545
Water Revenue (Landscape/Irrigation) 2,746,450 2,288,708 3,100,360 (811,652) 333,431
Other Operating Revenue 547,740 456,450 549,686 (93,236) 44,533
Total Operating Revenue: 17,627,040 14,689,199 18,626,053 (3,936,854) 2,552,235
Revenue (Non-Operating):
Annexation Revenue 419,400 349,500 338,595 10,905 33,975
Interest 47,500 39,583 17,857 21,726 (280,162)
Investments 28,660 23,883 151,107 (127,224) 14,348
Property Taxes 1,200,150 1,000,125 1,212,697 (212,572) 426,020
Other Non-Operating Revenue 109,300 91,083 89,440 1,643 1,767
Total Non-Operating Revenue: 1,805,010 1,504,174 1,809,696 (305,522) 195,948
Total Revenue 19,432,050 16,193,373 20,435,749 (4,242,376) 2,748,183
Expenses (Operating):
Variable Water Costs (G.W., Import & Power) 11,156,500 9,297,083 8,709,392 587,691 801,090
Salary Related Expenses 7,114,220 5,928,517 4,629,556 1,298,961 446,353
Capital Projects Labor 387,200 (387,200)
Capital Projects Allocation 319,317 (319,317)
Salary Expenses Sub-Total 7,114,220 5,928,517 5,336,073 592,444 446,353
Supplies & Services:
Communications 247,768 206,473 211,122 (4,649) 29,481
Contractual Services 729,946 608,288 544,437 63,851 67,811
Data Processing 260,931 217,443 36,468 180,975 6,305
Dues & Memberships 31,273 26,061 21,570 4,491 1,444
Fees & Permits 37,934 31,612 28,979 2,633 2,462
Board Election 39,999 33,333 37,789 (4,456)
Insurance 303,940 253,283 230,648 22,635 1,690
Materials 586,461 488,718 703,067 (214,349) 55,542
District Activities, Emp Recognition 20,100 16,750 8,927 7,823 1,066
Non-Capital Equipment 207,413 172,844 59,544 113,300 978
Office Expense 60,374 50,312 29,613 20,699 2,858
Professional Services 620,590 517,158 273,908 243,250 12,331
Training 86,262 71,885 15,941 55,944 711
Travel & Conferences 58,105 48,421 23,730 24,691 6,886
Uncollectible Accounts 19,499 16,249 16,249
Collection Agency Fee 1,000 833 833
Utilities 63,920 53,267 21,419 31,848 2,203
Vehicle Equipment 242,787 202,323 261,938 (59,615) 23,665
Capital Projects Allocation 172,641 (172,641)
Supplies & Services Sub-Total 3,618,302 3,015,253 2,681,741 333,512 215,433
Total Operating Expenses: 21,889,022 18,240,853 16,727,206 1,513,647 1,462,876
Expenses (Non-Operating):
Depreciation & Amortization 3,676,500 3,063,750 2,928,921 134,829 303,090
Interest on Long Term Debt 1,722,493 (1,722,493) 164,197
Job Closing Expense 52,802 (52,802)
Other Expense 24,300 20,250 157,324 (137,074) 4,984
Total Non-Operating Expenses: 3,700,800 3,084,000 4,861,540 (1,777,540) 472,271
Total Expenses 25,589,822 21,324,853 21,588,746 (263,893) 1,935,147
Income (Loss) (6,157,772) (5,131,480) (1,152,997) (3,978,483) 813,036
Contributed Capital 667,100 555,917 1,452,029 (896,112) 36,274
Yorba Linda Water District
Income/Expense Report
Sewer Detail
For the Ten Months Ending April 30, 2009
Full Year YTD YTD YTD
Budget Budget Actual Under(Over) Month
FY 2009 FY 2009 FY 2009 Budget April/2009
Revenue (Operating):
Sewer Charge Revenue $1,141,650 $951,375 $1,065,020 ($113,645) $194,015
Locke Ranch Assessments 104,900 87,417 99,373 (11,956) 34,790
Other Operating Revenue 8,300 6,917 2,610 4,307 261
Total Operating Revenue: 1,254,850 1,045,709 1,167,003 (121,294) 229,066
Revenue (Non-Operating):
Interest 17,000 14,167 7,312 6,855 (474)
Investments 13,742 (13,742) 1,613
Property Taxes 66,000 55,000 55,000
Other Non-Operating Revenue 1,487 (1,487)
Total Non-Operating Revenue: 83,000 69,167 22,541 46,626 1,139
Total Revenue 1,337,850 1,114,876 1,189,544 (74,668) 230,205
Expenses (Operating):
Salary Related Expenses 998,748 832,290 514,936 317,354 47,106
Capital Projects Allocation 38,759 (38,759)
Salary Expenses Sub-Total 998,748 832,290 553,695 278,595 47,106
Supplies & Services:
Communications 26,467 22,056 17,393 4,663 2,527
Contractual Services 149,889 124,907 69,895 55,012 3,465
Data Processing 46,711 38,926 1,388 37,538 535
Dues & Memberships 3,157 2,631 2,121 510 114
Fees & Permits 10,702 8,918 2,709 6,209
Board Election 3,601 3,001 3,737 (736)
Insurance 27,365 22,804 22,811 (7) 167
Materials 65,579 54,649 33,917 20,732 2,647
District Activities, Emp Recognition 1,810 1,508 883 625 105
Non-Capital Equipment 21,432 17,860 3,571 14,289 46
Office Expense 5,436 4,530 2,929 1,601 283
Professional Services 57,435 47,863 27,662 20,201 1,220
Training 9,273 7,728 4,330 3,398 31
Travel & Conferences 6,580 5,483 1,869 3,614 488
Uncollectible Accounts 1,756 1,463 1,463
Collection Agency Fee 90 75 75
Utilities 5,755 4,796 177 4,619 19
Vehicle Equipment 50,833 42,361 47,270 (4,909) 1,667
Supplies & Services Sub-Total 493,871 411,559 242,662 168,897 13,314
Total Operating Expenses: 1,492,619 1,243,849 796,357 447,492 60,420
Expenses (Non-Operating):
Depreciation & Amortization 564,200 470,167 449,065 21,102 46,749
Job Closing Expense 78,728 (78,728)
Other Expense 6,700 5,583 1,777 3,806 226
Total Non-Operating Expenses: 570,900 475,750 529,570 (53,820) 46,975
Total Expenses 2,063,519 1,719,599 1,325,927 393,672 107,395
Income (Loss) (725,669) (604,723) (136,383) (468,340) 122,810
Contributed Capital 251,000 209,167 1,976,325 (1,767,158) 1,185,445
ITEM NO. 2.2
AGENDA REPORT
Meeting Date: June 9, 2009 Budgeted: N/A
Total Budget: N/A
To: Finance-Accounting Committee Cost Estimate: N/A
Funding Source: N/A
From: Ken Vecchiarelli, General Account No: N/A
Manager
Job No: N/A
Presented By: Sandi Van Etten, Senior Dept: Finance
Accountant
Reviewed by Legal: N/A
Prepared By: Sandi Van Etten, Senior CEQA Compliance: N/A
Accountant
Subject: Monthly Investment Report for April 2009
SUMMARY:
Government Code Section 53607, et, seq., requires the person delegated to invest funds to make a
quarterly report of the investments to the legislative body.
STAFF RECOMMENDATION:
That the Committee receive and file the Investment Report.
DISCUSSION:
Staff is submitting the April 2009 Monthly Investment Report for your review and approval. Staff will
submit a Quarterly Investment Report ending June 30, 2009 for Board action upon its approval by
the Finance-Accounting Committee.
PRIOR RELEVANT BOARD ACTION(S):
Monthly Investment Reports are presented to the Finance-Accounting Committee on a regular
basis. Quarterly Investment Reports are presented to the Board of Directors. The Investment
Report for the quarter ending March 31 , 2009 was received and filed by the Board of Directors on
May 28, 2009.
ATTACHMENTS:
Description: Type:
Agenda, 6-9_backup.doc Investment Rpt anal Backup Material
Invst Rpt 4-09.x1s Investment Rpt by Institution Backup Material
Investment Report Summary
Below is a chart summarizing the yields as well as terms and maturities for the month of April
2009.
Avg. Portfolio Avg. Portfolio # of Avg. Term
Month Yield Without Yield With Days to of Portfolio
of 2009 Wells Capital Wells Capital Maturity in Days
April 0.16% 0.62% 100 33
Below is a chart comparing operating fund interest for current and prior fiscal years.
Actual Interest 04/30/08 04/30/09
Monthly, Operating Fund $ 250 $ 293
Year-to-Date, Operating Fund $27,518 $ 5,839
Budget 2007/2008 2008/2009
Interest Budget, Operating Fund, April YTD $71,667 $53,750
Interest Budget, Operating Fund, Annual $86,000 $64,500
Interest earned on investments is recorded in the Fund that owns the investment.
Investment Summary Comparison
The distribution of investments in the portfolio both in dollars and as a percentage of the total
portfolio by funds is as follows:
Fund Description Balance 04/30/09
Annexation 9,334,111 19.93%
Water Operating -9.79%
Water R&R 2,047,916 4.37%
Water Capital Projects 149,500 0.32%
Restricted for Debt Service 1,001,136 2.14%
COP Revenue Bond 2003 0 0.00%
COP Revenue Bond 2008 22,744,044 48.57%
Sewer Operating 1,463,709 3.13%
Sewer R&R 322,326 0.69%
Sewer Capital Projects 188,651 0.40%
ID1 4,487,645 9.58%
ID2 9,676,042 20.66%
$46,827,562 100.00%
Yorba Linda Water District
Investment Portfolio Report
April 30, 2009
Market % Percent Investment Maturity
Value Cost of Total Institution Yield Date Date
Cash & Checking Accounts:
$ 1,249,710 $ 1,249,710 Wells Fargo Bank N/A
1,200 1,200 Imprest Cash
$ 1,250,910 $ 1,250,910 2.67% Total 0.00%
Money Market Accounts:
$ 178,459 $ 178,459 Wells Fargo Money Market 0.35% N/A
- - Wells Fargo MM/Annexation 0.35%
$ 178,459 $ 178,459 0.38% Total 0.35%
$ 1,429,369 $ 1,429,369 3.06% Sub-total 0.04%
California Asset Mgmt. Program:
$ 6,683,304 $ 6,683,304 14.28% California Asset Mgmt. Program 0.75% N/A
Money Market Account:
$ 22,744,044 $ 22,744,044 US Bank 2008 Revenue Bond 0.00%
0 0 US Bank 2003 Revenue Bond 0.00% N/A
$ 22,744,044 $ 22,744,044 48.61% 0.00%
$ 30,856,717 $ 30,856,717 65.95% Sub Total Investments 0.16%
Individual Management Account:
$ 15,966,982 $ 15,928,860 34.05% Wells Capital Management 1.50% N/A
$ 46,823,699 $ 46,785,577 100% Total Investments 0.62%
Per Government Code requirements, the Investment Report is in compliance with the Yorba Linda Water District's
Investment Policy, and there are adequate funds available to meet budgeted and actual expenditures for the next
six months.
Sandi Van Etten, Senior Accountant
4/30/2009
ITEM NO. 3.3
AGENDA REPORT
Meeting Date: June 9, 2009
Subject: Monthly Portfolio Report for May 2009
ATTACHMENTS:
YLWD Overview Pagel.pdf =VCM1 Backup Material
YLWD_SummaryPage2.pdf JCM2 Backup Material
YLWD Cash FlowPage3.pdf !4CM3 Backup Material
YLWD Holdings Page4.pdf JCM4 Backup Material
Account Overview
Yorba Linda Water District
Account #18611500
Funding Date: 10/25/2005
Portfolio Statistics as of: 5/31/2009
Account Characteristics:
Portfolio Yield to Maturity 1.07%
Total Unrealized Gains/(Losses) - Current: 32,533
Total Net Realized Gains/(Losses) - Since Inception: 2,243
Total Long-Term Investments: -
Total Short Duration Investments/Money Market Secs: 17,372,215
Total Market Value: 17,372,215
Total Number of Issues in the Portfolio: 19
MARKET DATA
Overnight Fed Funds Rate: 0.00%
6-Month T-Bill Yield: 0.25%
12-Month T-Note Yield: 0.46%
WELLS CAPITAL MANAGEMENT
Portfolio Summary Report
For the period:05/01/09 to 05/31/09
Portfolio Characteristics
Market Value:
Unrealized G/L:
Yield To Maturity:
Portfolio Duration:
Avg. Days to Maturity:
Avg. Portfolio Credit Quality:
Market Data
Yields:
6 Month Treasury Bill:
2 Year Treasury Note:
5 Year Treasury Note:
Fed Funds Target:
Yorba Linda Water District
18611500
Portfolio Breakdown
17,372,215.41 Market Value %of Account
32,533.33
Agency Discount Note
6,390,920.00
36.79%
2.34%
Commercial Paper
2,748,248.53
15.82%
7°°
Discount
499,050.00
2.87%
0.29 Years
Fixed Rate
307,017.30
1.77%
0.0%
Floating Rate
998,802.00
5.75%
119
Money Market Fund
5,419,560.45
31.20%
Aa1
Pending_Cash
0.13
0.00%
100.0%
US Agency Fixed Rate
1,008,617.00
5.81%
0.05
Total
17,372,215.41
100.00%
05/31/09 04/30/09
0.28%
0.27%
0.92%
0.90%
2.34%
2.01%
0-0.25%
0-0.25%
Credit Quality* Effective Maturity Distribution
o/n 2 to 90 91 to 180 181 to 1 year 1 to 2 years >2 years
The above information is an estimate of certain investment calculations and does not represent your audited statement of record.
0.35
P1/MIG1/VMIG1/A-1
18.7%
0.30
Aaa/AAA
42.6%
Aa/AA
5.7%
0.25
A/A
1.8%
Baa/BBB
0.0%
0.20
Other
0.0%
Cash/Overnights
31.2%
0.15
Not Rated
0.0%
100.0%
0.10
*Moody's Ratings-Primary
0.05
S&P Ratings-Secondary
Fitch Ratings-Tertia rY
000
o/n 2 to 90 91 to 180 181 to 1 year 1 to 2 years >2 years
The above information is an estimate of certain investment calculations and does not represent your audited statement of record.
YORBA LINDA WATER DISTRICT
Statement of Cash Flovvs/Earnings for Mav 2009
I - Beginning Period Balances As of 4/3(1/2(109
Total Original Cost 15,834,049
+ Net Amort/Accr to Date 94,811
=Adjusted Book Value: 15,928.860
+ Accrued Interest Receivable 3,864
+ Unrealized Gain/(Loss) 38,122
= Total Market Value Plus Accrued Interest 15,970,846
II: Period Income Earned
+ Ending Accrual 9,344
- Begininning Accrual (3,864)
+ Interest Received 2,964
- Interest Paid at Purchase (2,860)
+ Interest Received at Sale -
= Interest Earned in Period 5,583
+ (Anort)/Accr- This Period 13,377
= Monthly Portfolio Income $ 18,960
+ Contributions 1,400,000
- Withdrawals -
+ Realized Gain/(Loss) -
- Fees Paid This Period (2,658)
- Prior- Period Unrealized Gain/Loss 38,122
+ End Of Period Unrealized Gain/Loss 32,533
+ Net Receipts/Deliveries in Kind 0.00
+ Adjustments 0.00
= Net Change to the Portfolio 1,405,130
=Total Market Value Plus Accrued
Interest 17,381,559
III: End of Period Balances As of 5/31/2009
Total Original Cost 17,285,229
+ Net Amort/Accr- to Date 54,453
= Adjusted Book Value 17,339,682-
• Accrued Interest Receivable 9,344
+ Unrealized Gain/(Loss) 32,533
= Total Market Value Plus Accrued
Interest 17,381,559
Reconciliation DI ffi rence: -
Wells Capital Management
Holdings Report
Securities Held as of:5/31/09 on a Trade Date Basis
Identifier Credit Ratings Par Value Security Description Coupon Final
Maturity
Moody's S&P Fitch
I.Cash&Cash Equivalents(Original maturity of 90 days or less)
Cash
U.S.DOLLARS 0 PENDING CASH
Money Mkt Securities
Agency Discount Note
Commercial Paper
Yorba Linda Water District
18611500
Effective Days Duration Market Price Market Market Value Holdings as YTM at
Maturity to Eff Value +Accrued Percentage of Purchase
Maturity Interest Account or Reset
0 0
77619ETH3 P-1 A-1+ NR 500,000 ROMULUS FUNDING CORP
0.000
06/17/09
06/17/09
17
0.05
99.974
499,869
499,869
85520LUTO P-1 A-1 NR 450,000 STARBIRD FUNDING CORP
0.000
07/27/09
07/27/09
57
0.16
99.921
449,643
449,643
90262CT23 P-1 A-1 NR 450,000 UBS FINANCE(DELW)CP
0.000
06/02/09
06/02/09
2
0.01
100.000
449,998
449,998
Money Market Fund
Fixed Rate
VP7000038 NR NR NR 5,419,560 WFADV MONEY MKT TR#645
0.473
06/01/09
1
0.00
100.000
5,419,560
5,421,346
Cash&Cash Equivalents Total: 6,819,561
7.125
10/15/09
10/15/09
6
0.02
102.339
6,819,070
6,820,856
II.Marketable Securities(Original maturity greater than 90 days)
2.12%
Floating Rate
IIA:Short Term Securities(Remaining maturity of less than 365 days)
89233P3D6 Aal
AA+
Gov't Guaranteed-CP
500,000 TOYOTA MOTOR CREDIT CORP
2.304
01/29/10
01/29/10
243
0.17
100.024
500,119
06051 HUPO P-1 A-1 NR 500,000 BANK OF AMER CORP TLGP
0.000
07/23/09
07/23/09
53
0.15
99.810
499,050
499,050
0.00
2.88% 0.86
2.59% 0.56
2.59% 0.76
31.20% 0.47
39.25% 0.53
2.87% 0.61
Corporate Securities
Corporate Obligation
Fixed Rate
285659AE8 A2
A
A+
300,000 ELECTRONIC DATA SYSTEMS
7.125
10/15/09
10/15/09
137
0.38
102.339
307,017
309,749
1.77%
2.12%
Floating Rate
89233P3D6 Aal
AA+
NR
500,000 TOYOTA MOTOR CREDIT CORP
2.304
01/29/10
01/29/10
243
0.17
100.024
500,119
501,174
2.88%
2.30%
91159HGP9 Aa3
AA
AA-
500,000 US BANCORP
1.407
05/06/10
05/06/10
340
0.19
99.737
498,684
499,192
2.87%
1.41
Govt Securities
Gov Agncy Obligation
Money Mkt Securities
Agency Discount Note
313313MR6 AGY
AGY
AGY
1,000,000 FFCB
0.000
10/07/09
10/07/09
129
0.36
99.920
999,200
999,200
5.75%
2.00%
313385JB3 AGY
AGY
AGY
800,000 FHLB
0.000
07/13/09
07/13/09
43
0.12
99.980
799,840
799,840
4.60%
2.99
313385KS4 AGY
AGY
AGY
1,000,000 FHLB
0.000
08/21/09
08/21/09
82
0.23
99.960
999,600
999,600
5.75%
3.02%
313385RK4 AGY
AGY
AGY
800,000 FHLB
0.000
01/05/10
01/05/10
219
0.60
99.820
798,560
798,560
4.60%
0.82%
313385SB3 AGY
AGY
AGY
1,000,000 FHLB
0.000
01/21/10
01/21/10
235
0.65
99.800
998,000
998,000
5.74%
0.87%
313385WR3 AGY
AGY
AGY
1,000,000 FHLB
0.000
05/11/10
05/11/10
345
0.95
99.620
996,200
996,200
5.73%
0.55%
313397LZ2 AGY
AGY
AGY
800,000 FHLMC
0.000
09/21/09
09/21/09
113
0.31
99.940
799,520
799,520
4.60%
0.71
Commercial Paper
06737HXM6 P-1
A-1+
NR
450,000 BARCLAYS US FUNDING LLC
0.000
10/21/09
10/21/09
143
0.40
99.803
449,113
449,113
2.59%
0.99%
13170RVS3 P-1
A-1+
F-1+
500,000 CALYON NORTH AMERICA INC
0.000
08/26/09
08/26/09
87
0.24
99.926
499,630
499,630
2.88%
1.11
83365RT39 P-1
A-1
NR
400,000 SOCIETE GENERALE N AMER CP
0.000
06/03/09
06/03/09
3
0.01
99.999
399,997
399,997
2.30%
0.98%
The above information
is an estimate of certain investment calculations and does
not represent your audited statement of record.
Page: 1 of 2
Holdings Report
Securities Held as of:5/31/09 on a Trade Date Basis
Identifier Credit Ratings
Par Value Security Description
Moody's S&P Fitch
1,011,880
Short Term Securities Total:
9,550,000
11B:Long-Term Securities(Remaining maturity greater than 365 days)
Corporate Securities
Market Value Holdings as YTM at
Fixed Rate
Value
3128X8QT2 AGY AGY AGY
1,000,000 FHLMC
Floating Rate
Interest Account or Reset
Marketable Securities Total:
10,550,000
Portfolio Total:
17,369,561
1.450 09/10/10 09/10/10 467
1.26
Yorba Linda Water District
1,011,880
192
18611500
Coupon Final Effective Days Duration Market Price
Market
Market Value Holdings as YTM at
Maturity Maturity to Eff
Value
+Accrued Percentage of Purchase
Maturity
Interest Account or Reset
163 0.39
9,544,528
9,548,823 54.94% 1.49
1.450 09/10/10 09/10/10 467
1.26
100.862 1,008,617
1,011,880
192
0.47
10,553,145
10,560,703
119
0.29
17,372,215
17,381,559
5.81% 0.78
60.75% 1.42
100.00% 1.07
The above information is an estimate of certain investment calculations and does not represent your audited statement of record. Page:2 of 2