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HomeMy WebLinkAbout2006-11-15 ORANGE COUNTY SANITATION DISTRICT November 8, 2006 Phone: O141962-2411 NOTICE OF MEETING /at: (714)962-0 56 mmatma e.mm mailing address: BOARD OF DIRECTORS Bo. Galt e127 vaot Valley. ORANGE COUNTY SANITATION DISTRICT 9 f2 2J2e-Bt272J atmt.amass: 10844�°Vale:� WEDNESDAY, November 15, 2006 — 7:00 P.M. 9270BJ0,a meeA ..me DISTRICT'S ADMINISTRATIVE OFFICES • 10844 Ellis Avenue C1e10e Fountain Valley, California 92708 Anahem Brea Buena Park Cypress F°"" oll it,wIlan F The Regular Meeting of the Board of Directors of the Orange County Sanitation Fu Garde" Gr... District will be held at the above location, time and date. Huntington Beech Irnne to Habra La Palma Las AlemRos ���r Newpa-t Basch Orange Mecen5a Cler c of the Q rd Bate Ana Seel Beech Stanton Park Mlle Perk rprha ❑nee OMTS COMMITTEE -Wednesday, December 6, 2006 at 5:00 p.m. cnuety of orange PDC COMMITTEE -Thursday, December 7,2006 at 5:00 p.m. eaniearg Districts GWR SYSTEM STEERING COMMITTEE -Monday, December 11, 2006 at 5:30 p.m. @OCWD Corte Mesa Midway Cs,- FAHR COMMITTEE -Wednesday, December 13, 2006 at 5:00 p.m. wanr Districts STEERING COMMITTEE - Wednesday, December 20, 2006 at 5:00 p.m. Irnne Bench To mamtam world-Gass tandonss"ip m wastawater and water resource management. bro BOARD MEETING DATES *December 20, 2006 January 24, 2007 February 28, 2007 March 28, 2007 April 25, 2007 May 23, 2007 June 27, 2007 *July 18, 2007 August 22, 2007 September 26 2007 October 24, 2007 'November 15, 2007 "November 19, 2007 'Meetings are being held on the third Wednesday of the month H:1dep0hdPublic ABaIn13201BSWgende1200B Mee0ng Nobw MN11.2.doc MINUTES OF THE REGULAR JOINT MEETING OF THE FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE & STEERING COMMITTEE Orange County Sanitation District Wednesday, November 8,2006, 5:00 p.m. A joint meeting of the Finance,Administration and Human Resources Committee and the Steering Committee of the Orange County Sanitation District was held on November 8, 2006, at 5:00 p.m., in the Sanitation District's Administrative Office. (1) The roll was called and a quorum declared present, as follows: FAHR COMMITTEE MEMBERS: STAFF PRESENT: DIRECTORS PRESENT: Jim Ruth, Interim General Manager Darryl Miller, Chair Bob Ghirelli,Acting Assistant General Manager Mike Duvall, Vice Chair Lorenzo Tyner, Director of Finance and Bill Dalton Administrative Services Rich Freschi Jeff Reed, Human Resources Manager Phil Luebben Mike White, Controller Joy Neugebauer Lilia Kovac, Committee Secretary Mark Waldman Denise Martinez, Sr. Human Resources Analyst Doug Davert, Board Vice Chair Rich Spencer, Human Resources Supervisor Paul Loehr, Human Resources Supervisor Norbert Gala Bob Gaggle DIRECTORS ABSENT: Juanita Skillman James W. Silva Jim Ferryman, Board Chair OTHERS PRESENT: Brad Hogin, General Counsel Jennifer Christian, Mayer Hoffman McCann P.C. Ken AI-Imam, Mayer Hoffman McCann P.C. (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS Distributed at There were no public comments. 44;1 �Board Meeting (4) REPORT OF THE COMMITTEE CHAIR Chair Miller did not give a report. (5) REPORT OF THE GENERAL MANAGER Jim Ruth, Interim General Manager, did not give a report. Minutes of the Regular Joint meeting of the Finance,Administration and Human Resources Committee and Steering Committee Meeting November 8, 2006 Page 2 (6) REPORT OF DIRECTOR OF FINANCE AND ADMINISTRATIVE SERVICES Lorenzo Tyner, Director of Finance, reported further research of APIA insurance may offer a Viable alternative for insurance, and will present options to the FAHR committee in December. (7) REPORT OF GENERAL COUNSEL Brad Hogin, General Counsel, reported that he will be responding to a letter from Bob Lockhart, president of Revenue Enhancement Group. Mr. Lockhart alleges in the letter that the Sanitation District's fee ordinance does not comply with Proposition 218. General Counsel also reported that he will be reporting to the FAHR Committee in December on 2006 legal fees. (8) CONSENT CALENDAR ITEMS Consideration of motion to approve all agenda items appearing on the Consent Calendar not specifically removed from same,as follows: a. Approve minutes of the October 11, 2006 joint meeting of the Finance,Administration and Human Resources Committee and Steering Committee meeting. b. FAHRO6-76 Receive and file Employment Status Report as of October 13, 2006. C. FAHRO6-77 Receive and file OSHA Incidence Rates and Workers'Compensation Claims and Costs Report. d. FAHR06-78 Recommend to the Board of Directors to receive and file the FY 2006-07 First Quarter Financial Report for the period ended September 30, 2006. e. Item pulled for discussion. Motion: It was moved,seconded,and duly carried to approve the recommended action for the items specified as 8(a)through 8(d). END OF CONSENT CALENDAR f. FAHRO6-79 Recommend to the Board of Directors to approve Amendment No. 1 to the Real Property Lease Agreement, Specification No. L-018,with Village Nurseries Wholesale, LLC, providing for a lease extension effective December 1, 2006 through November 30, 2011, with option to renew for three additional 5-year periods. Motion: It was moved, seconded, and duly cared to approve the recommended action. (9) ACTION ITEMS Minutes of the Regular Joint meeting of the Finance,Administration and Human Resources Committee and Steering Committee Meeting November 8, 2006 Page 3 a. FAHR06--80 Recommend to the Board of Directors to receive and file the Comprehensive Annual Financial Report(CAFR)for the year ending June 30, 2006, prepared by staff and audited by Mayer Hoffman McCann P.C., Certified Public Accountants. Motion: It was moved, seconded,and duly carried to approve the recommended action. b. FAHR06-81 Recommend to the Board of Directors to approve the reclassification of four OCSD positions affecting incumbents Motion: It was moved, seconded,and duly carried to approve the recommended action. (10) INFORMATIONAL ITEMS a. FAHR06-82 Information on industry, county and state trends related to OCSD's Succession Management Program Jeff Reed, Human Resources Manager, presented the current status of the Succession Management Program, as well as statistics that Indicate the future shortage of qualified staffing resources due to competition for skilled personnel. (11) CLOSEDSESSION The Committee convened in Closed Session at 6:05 p.m. pursuant to Government Code Section 54957(b)(1)to: (1)Confer with designated representatives,Jeff Reed, Human Resources Manager; Richard Spencer, Human Resources Supervisor;and Paul Loehr, Human Resources Supervisor, re Meet and Confer Update re contract negotiations for employees represented by 1). Orange County Employees Association; 2). International Union of Operating Engineers, Local 501, and 3). Supervisors, Professional Management Team (part of Peace Officers Council of California), Government Code Section 54957.6. Confidential Minutes of the Closed Session held by the Finance, Administration and Human Resources Committee have been prepared in accordance with California Government Code Section 54957.2, and are maintained by the Clerk of the Board in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. (12) OTHER BUSINESS. COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. Minutes of the Regular Joint meeting of the Finance,Administration and Human Resources Committee and Steering Committee Meeting November 8, 2006 Page 4 (13) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. (14) FUTURE MEETING DATES The next regular FAHR Committee meeting is scheduled for December 13, 2006, at 5 p.m. (15) ADJOURNMENT The Chair declared the meeting adjourned at 7:15 p.m. Submitted by. .r-!. t LiliarKovac Committee Secretary H.Wepnegenda1FAHMFAHR200M11061110e06 draft FAHR Minutes.dw November 13, 2006 STAFF REPORT Distributed at TO: Chair and Members of Steering Committee .r D Board Meeting Orange County Sanitation District FROM: Michael Gold Legislative Liaison SUBJECT: Legislative, Political and Policy Update Federal Issues: The 2006 Elections Lobbyists: Eric Sapirstein, ENS Resources John Freshman, Freshman & Kest The 2006 congressional elections have delivered a victory to congressional Democrats giving them 230-196 seat majority in the House of Representatives. The election was historic because neither a House nor Senate seal occupied by a Democrat in the current Congress was lost to the Republicans. Democrats also captured six Republican-held seats to take control of the Senate and counting the two Independents as Democrats (both Sanders and Lieberman said they will caucus with the Democrats), they will control the Senate 51-49. According to national exit polling, the voters appeared to be motivated by an overwhelming sense that Washington has ceased to work efficiently with the war in Iraq, but it also appears that charges of widespread corruption and criminal activity by Members motivated many voters. Some key election results include: • Nancy Pelosi of California will become the next Speaker of the House making history as the first woman Speaker; • House Committee on Resources Chairman Richard Pombo was defeated; • Democrats unseated Senate Republican incumbents in every contested race except Tennessee; • Defeated House Republicans came from across the political spectrum as moderate Nancy Johnson of Connecticut to conservative J.D. Hayworth of Arizona went down to defeat; • Tim Mahoney of Florida took control of the Mark Foley seat providing Democrats with a pick-up of a congressional seat that had been a Republican seat for the past 25 years and • Democrat Sherrod Brown of Ohio unseated incumbent Republican Senator Mike DeWine OOSD r PO,8w8127 • Fwowmvae,.O 92)2M12] • 01419e2Q411 Chair and Members of Steering Committee November 13, 2006 Page 2 The election results will force the Administration to retool its approach to Congress that has in the past several years been marked by little consultation. The elections also mean that the policymaking process in Washington is about to undergo one of the most fundamental changes in the past decade. While it is unclear how the policymaking process will unfold, it is effectively a foregone conclusion that oversight investigations (Iraq, prescription benefits, energy, and environment)will be the order of the day when Congress convenes in January. Outlook for the Remainder of the 10e Congress Given the outcome of the election, it appears that the lame duck session that begins November 13 may be short-lived. There is, however, a chance that Congress will reconvene next week and pass a short-term stopgap spending bill for the month of December. This would allow time to fashion a package of the remaining ten budget bills and 'must do" legislation, such as WRDA, and pass them out to the President. According to congressional budget staff, because the House and Senate are solidly in Democratic control, compromise between the parties will be difficult. As a result, Congress may just pass continuing resolutions extending program funding for at least four months. This strategy was done before, in 1984, when Congress approved a continuing resolution that extended funding until February of the following year. If the congressional leadership agrees on this approach, then final disposition of earmarks and other legislation would be delayed until early next year, including pending legislation such as the Water Resources Development Act(WRDA); water resources project authorizations, and other matters. 110' Congress First Order of Business—Reorganization The 110t°Congress will convene on January 3, 2007. Before that time, both parties will meet to organize and select leaders. The Democrats will meet the week of November 13 to determine their leadership and the Republicans are expected to organize in November, but there may be a decision to delay the organizational process until December. Anticipated Agenda for the Early Hours of the 110'" Congress The first order of substantive business for the new House management team will be to implement a limited program within the first 100 hours of the session. According to Speaker-designate Pelosi this will include: 1)establishing new lobbying rules, 2) enacting recommendations from the 9-11 Commission, 3) raising the minimum wage, 4) broadening stem cell research authority, and 5) requiring"pay as you go" mandates for all spending. This last point would deny new spending without offsets unless Congress specifically overrides the requirement to reduce existing spending or raise new revenues for the proposed new spending activity. Action in the Senate has not been announced. Chair and Members of Steering Committee November 13, 2006 Page 3 House Leadership Roster Will Witness Wholesale Changes For the Democrats in the House, the incoming Speaker will be Nancy Pelosi (D-CA). The likely Majority Leader will be Steny Hoyer(D-MD), but a possible challenge may come from John Murtha (D-PA). Finally, the third ranking Democratic leadership position, Majority Whip, is thought to be slated for John Clybum (D-SC), but he may face a challenge from Rahm Emmanuel (D-IL)who headed up the Democratic Congressional Campaign Committee. The Republican roster of leaders is more problematic. With loss of control, it will be impossible to hold back calls for new leadership. Speaker Dennis Hastert(R-IL) has announced that he will not seek a leadership role, which leaves John Boehner(R-OH) the current favorite to become Minority Leader. There is a possibility of a challenge from Mike Pence (R-IN), the head of the conservative Republican Study Committee, among others. Currently Boehner serves as the Majority Leader. With Hastert's decision, and assuming that Boehner locks up the Minority Leader slot, then all eyes will turn to the other positions, including the Minority Whip, that are expected to be contested. Senate Leadership Roster Likely to See Minimal Change in Faces In the Senate, the lineup is clear: Harry Reid (D-NV) and Dick Durbin (D-IL)will lead the Democrats. For the Republicans, Mitch McConnell (R-KY)will assume the Republican leader slot, replacing Bill Frist(R-TN)who is retiring. The Assistant Republican Leader slot is open but one likely candidate is Robert Bennett (R-UT)who currently serves as the Chief Deputy Whip. Committee Leaderships and Rosters Will Witness Upheaval Not since 1994 has Congress been buffeted by such winds of change. For the first time in recent memory, the House committee structure will be shipped down and entirely rebuilt. The same is true for the Senate. Clearly the order of the day in the House will be holding oversight hearings. After years of minority status,which has effectively locked them out of the policymaking process, House Democrats are expected to set an agenda that carefully charts a middle-of-the-road course of action. They may employ a strategy using committees to review Administration policies and priorities on a range of issues from the environment to minimum wage. Committee chairmanships are, for the most part, predictable and will be decided in the coming weeks. Actual committee assignments, subcommittee chairs and ranking Republican members are not likely to be determined until the new Congress convenes next January. Below is a brief overview of key committee chairmanships. House Committees The tea leaves that can be read at this early stage suggest that the following chairs are likely if the Speaker agrees to appointments on the basis of seniority in the House: • Committee on Appropriations will be chaired by David Obey of Wisconsin; • Committee on Budget will be chaired by John Spratt of South Carolina Chair and Members of Steering Committee November 13, 2006 Page 4 • Committee on Education will be chaired by George Miller of California • Committee on Energy and Commerce will be chaired by John Dingell of Michigan • Committee on Financial Services will be chaired by Barney Frank of Massachusetts • Committee on Government Reform will be chaired by Henry Waxman of California • Committee on Homeland Security will be chaired by Bennie Thompson of Mississippi • Committee on Judiciary will be chaired by John Conyers of Michigan • Committee on Resources will be chaired by Nick Rahall of West Virginia (although Edward Markey of Massachusetts has higher seniority and could claim the committee chair) Senate Committees While House structure is clear, the Senate is anything but predictable, since a number of Republican seats have changed hands. The chair or ranking positions may open up to Senators changing committee assignments. With these caveats, the Senate committee structure would likely take the following shape: • Committee on Appropriations chaired by Robert Byrd (D-WV) • Committee on Banking, Housing and Urban Affairs chaired by Christopher Dodd (D- CT) • Committee on Budget chaired by Kent Conrad (D-ND) • Committee on Commerce, Science, and Transportation chaired by Daniel Inouye (D- HI) • Committee on Energy and Natural Resources chaired by Jeff Bingaman (D-NM) • Committee on Environment and Public Works chaired by Barbara Boxer(D-CA) • Committee on Finance chaired by Max Baucus (D-MT) • Committee on Health, Education, Labor and Pensions chaired by Edward Kennedy (D-MA) • Committee on Homeland Security and Governmental Affairs chaired by Joe Lieberman (D-CT) • Committee on Indian Affairs chaired by Byron Dorgan (D-ND) • Committee on Judiciary chaired by Patrick Leahy (D-VT) Chair and Members of Steering Committee November 13, 2006 Page 5 California State Issues: The 2006 Elections Lobbyists: Scoff Baugh, Platinum Advisors Chris Townsend, Sean Fitzgerald and Heather Dion,Townsend & Associates With the 2006 Election behind us, the final results for the ballot measures are as follows: • Prop 1A,Transportation Bond —approved • Prop 1 B, Transportation Bond —approved • Prop 1 C, Housing Bond—approved • Prop 1D, Education Bond—approved • Prop 1 E, Levee and Flood Control Bond —approved • Prop 84,Water/Parks and Resources Bond—approved This is truly the year of the bondsl The$37-billion bond package landed on the ballot after negotiations between the Governor and lawmakers that dominated the budget negotiations in 2006 and most of the legislative session. The six infrastructure propositions passed and authorized a combined $37.3 billion. The largest Item on the ballot was Proposition 1 B, authorizing $19.9 billion for transportation over 10 years, of that total, $11 billion is designated for providing congestion relief and $2 billion for local streets and roads. In addition, Proposition 84 authorized $5.4 billion to address a myriad of natural resource issues including flood control projects, protecting the coast, and water planning. Based on the outcome of the November 7 election, Orange County will have six new members joining the Assembly and Senate delegation: • Assembly Member Jim Silva (R), representing the W Assembly District. • Assembly Member Jose Solodo (D), representing the 69'Assembly District. • Assembly Member Mike Duvall (R), representing the 72"d Assembly District. • Assembly Member Tony Mendoza (D), representing the 56'Assembly District. • As of this writing the final results for the 3e Senate District had yet to be determined. • Senator Mark Wyland (R), representing the 38' Senate District The Legislature will remain in Democratic control, with 24 Democrats and 15 Republicans in the Senate (with the 30 District undecided), and the 48 Democrats and 32 Republicans in the Assembly. It is fair to anticipate that the Governor's bipartisan credentials will prevail in January and Democratic and Republican leaders will continue to help him by making policy deals. In reality, we are entering another era where local governments, school districts, water agencies, transportation authorities and housing groups will be competing and leveraging themselves with the Governor, leadership, and individual members of the legislature to ensure that their public works projects are incorporated Into the various packages. Chair and Members of Steering Committee November 13, 2006 Page 6 Despite the tireless efforts of the Governor, Legislative Leadership, and advocacy groups to pass a "balanced budget" this year, economic indicators are projecting yet another significant budget shortfall of approximately$5 billion, in January 2007. Even though revenues are stronger-than-expected, the Legislative Analyst has indicated that 2006-07 expenditures still exceed revenues. Next Month's Activities Based on the passage of both Propositions 1 E and 84, TPA will work with OCSD staff to craft trailer bill language for those projects and programs that have been determined are a priority by the Board of Directors. The specific opportunities are as follows: • Prop 1 E: Includes $500 million for statewide subvention funding. Orange County is due approximately$125 million in backlogged subvention funds. • Prop 84: Includes$180 million for statewide subvention funding. Again, this funding pot is an opportunity for the County to be paid in full for backlogged subvention funds. • Prop 84: Includes$90 million for the Clean Beaches Grant program, of which OCSD is eligible to apply for. • We are also working with OCSD staff, subsequent to the planning session conducted last month, to develop a platform of priorities that have been identified by the board for the upcoming legislative session. Platinum Advisors will spend the majority of November continuing efforts to Introduce themselves and develop personal relationships with all the incoming candidates for the Assembly and Senate, developing the state legislative platform for the District, and monitoring the political landscape at the capitol. Changes in leadership positions at the Capitol are not anticipated, as Fabian Nunez and Don Perata will remain leaders of the Assembly and Senate, respectively. Republican leadership in the Senate will probably remain, but the Assembly will see a new Republican Leader, Mike Villines from Fresno. MG:gg H:\dephagenda\Board Monthly ReportsT006V t06\05.November Leglsladw Report to SCAM • ROLL CALL BOARD OF DIRECTORS ORANGE COUNTY SANITATION DISTRICT MEETING DATE &TIME: 11/15/06— 7:00 P.M. (SIMONIAN) .....................ANDERSON................... �L T _ (SHANKS) ........................ANTOS .........................�L — (WILSON) ........................BANKHEAD................... �L aL (DUMITRU).......................CAVECCHE................... �_ &JL7d f6mw �s�ti . 3>A4ri 5 53ss, (GARCIA)..........................CHRISTY..................... �L 6s4o9 (COLLINS)........................CRANDALL................... — — (ROSEN)...........................DALTON....................... . — (KAWASHIMA)..................DAVERT...................... �_ ✓ — (WINDER)...........................Weft'A'r..................... �L ✓ — (UNDERHILL)...................ECKENRODE................. �L — (SCHAFER) ......................FERRYMAN................... 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V' �G_ — (RODRIGUEZ)..................WALDMAN.................... ✓ �L — STAFF: es Colso ✓ �AAAA 'T 4n Colson Ghirelli •�` Herberg Kovac Ludwig Miles Ruth Torres Tyner )� A OTHERS: Ho in 09/20/06 H.Wa Ndmin%BSVIRECTOMDimdom Roll Calum SIGN-IN SHEET ORANGE COUNTY SANITATION DISTRICT BOARD MEETING NAME ORGANIZATION/FIRM leaseprint) leaseprint) B AzsI - 6"Fl IZ = ispa✓ NJ� C x V /. c." S L — A�ti S , Ocs INo ,7L� OGSD iP,VC u11/✓tMILL H:\WP.DTAWDMIN\BS\FORMS\SIGN-IN FORM.DOC REQUEST TO ADDRESS THE BOARD OF DIRECTORS All persons wishing to address the Board on specific agenda items or matters of general interest should complete and submit this form to the Board Secretary prior to commencement of the Board meeting. As determined by the Chair, speakers may be deferred until the specific item is taken for discussion. Remarks may be limited to three minutes or less. Any handouts (35 COPIES REQUIRED) must be given to the Board Secretary prior to the meeting for distribution. DATE: AGENDA ITEM NO. NAME: (please print) HOME ADDRESS: �SU) ��}C t CPrr� As TN' (nu��/mberlstreet) 1y,,.) �1/e.n. (city/zip code) TELEPHONE: ✓7N 26T— O�/UU _ REPRESENTING: 14-1s�.,/ 40"L / i( (self/name/of organs t' n) REQUEST TO ADDRESS THE BOARD OF DIRECTORS All persons wishing to address the Board on specific agenda items or matters of general interest should complete and submit this form to the Board Secretary prior to commencement of the Board meeting. As determined by the Chair, speakers may be deferred until the specific item is taken for discussion. Remarks maybe limited to three minutes or less. Any handouts (35 COPIES REQUIRED) must be given to the Board Secretary prior to the meeting for distribution. DATE: I S AGENDA ITEM NO. NAME: (please print) .JaCA i �A u wiA)01 HOME ADDRESS: ��70�1 P ," C' Aw, V (number/street�)j] (City/zip Code) TELEPHONE: 7/ 4,00 - (,DSO REPRESENTING: A-SSoC/a;?rl '&.' . 'Iler-s Q( COAI4rAc�nrS BF (self/name of organization) e l.fDMf'R ORANGE COUNTY SANITATION DISTRICT November 8, 2006 Phnom: The Chair and Board of Directors 9141962-2411 Orange County Sanitation District m: 1714)962-0 56 wousca od'm" Subject: Board Letter I..a.r ran..: P.O.9w 0127 Fauna'vote,.cA Finance Department Receives Awards 9272E-8127 p OCSD received the Government Finance Officers Association's (GFOA) 1069E Siis Ave ill Avnue Distinguished Budget Presentation Award for its 2006-07 and 2007-08 Budget. The Fountain vas,rn GFOA assesses budgets of government agencies on how well they serve as a policy 92706-7019 document, a financial plan, an operations guide and a communications device. i1 : The District also re,• ived the Achievement of Excellence in Procurement Award for the 6th year in a row. The award, created in 1995, recognizes oreanizational _ excellence in public procurement. The annual award is presented to organizations Silicon, that demonstrate excellence by obtaining a high score based on standardized Ananalm criteria. Brae Buono Park Lypress IT Department Receives MISAC Award Poan.ln u rley The Information Technology Department recently received the"Achievement in er gn caldan crora Information Technology Practices"Award from the Municipal Information Systems Nanbnyton Bauch Association of California (MISAC). The award recognizes cities and special districts Irvine La H.&. that have met or surpassed local government standards. It was presented during the La Palma October 2006 MISAC Conference in Rancho Mirage, CA. Los Alamrths Newport Beach Oran9s MISAC established the Excellence in Information Technology Practices Certification Putman.suna an. Program in 1999 to recognize exemplary Information Technology Practices and to Baal Beach foster peer recognition of achievements in IT practices. The program is revised Stancan annual) to keep u to date with changing technology standards; it consists of ten rusan Y P P 9 9 9Y ✓Ica Park major categories: Yo .Linda County of Drastic • Budget and Strategic Planning • Information Security Unbly, District. • Operations and Staffing coach Was • Project Management nudwey ccy • Customer Satisfaction • Professional Development and Training w.ur ol.trlcc• . Disaster Preparation and Recovery Irvine Ranch • Purchasing • Policies and Procedures • Internet Utilization ro m,chMn world dash leadership In wes[ew cal and.1s,resource menagemene. Aw- Board of Directors Page 2 November 8, 2006 The process is just as important as the award. A panel of three qualified IT directors from various cities and public agencies reviews each application and decides whether or not to give the award based on an audit of the Information Technology operation. Kern County Blosolids Ban In August, the City of Los Angeles, Los Angeles County Sanitation Districts, Orange County Sanitation District, and farmers and businesses that work with biosolids Bled a lawsuit that sought to overturn a ballot initiative passed by Kern County voters in June that barred the application of biosolids at two farm sites in Kern County. In the first major decision on the lawsuit, a federal judge in Los Angeles rejected a significant portion of Kern County's motion to dismiss the lawsuit. Judge Gary Allen Feess of the United States District Court in Los Angeles also rejected Kern County's argument that the case should not have been filed in Los Angeles but instead belonged in the federal court district in Fresno. The court ruled that the plaintiffs, including OCSD, were entitled to bring the lawsuit in Los Angeles because the effects(i.e., higher costs and difficulties managing biosolids if they are barred from Kern County)would be felt by the government agencies in the Los Angeles area. The ruling clears the way for a motion by the Plaintiffs asking the court to stay the ban and allow land application of biosolids to continue while the case is heard. As of now, the ban goes into effect January 22, 20D7. Judge Feess will hear the Plaintiffs' request for a preliminary injunction on November 13. Buena Park Silverado Days Buena Park's annual Silverado Days celebration took place October 20-22 at William Peak Park. Patsy Marshall, OCSD Director for Buena Park, informed us of the opportunity and we went to work recruiting volunteers to help staff OCSD's booth. This three-day event provided the opportunity to target three specific message points. Day 1 featured "The Drain is Not a Dump"—a general OCSD outreach booth focusing on proper disposal of Fats, Oils, and Grease and Pharmaceuticals. Day 2 featured the Compost Use Program including free sample bags. Day 3 highlighted the Groundwater Replenishment System program. Staff reported many interested visitors eager to learn about ways to prevent water pollution and the difference between storm drains and the sewer system. Changing old habits of flushing drugs down the drain to learning how to properly dispose of them in the trash made people stop and think about how their actions can impact the environment. Saturday's Compost Use Booth was also a big success in demonstrating strong support for our biosolids recycling program. We gave away approximately 150 bags of compost. Extras were used by the Buena Park Recreation Department who were very helpful to staff throughout the day. Board of Directors Page 3 November 8, 2006 Along with the free bags of compost, we handed out comment cards and asked the people whether they agreed with four statements on biosolids recycling. A very strong support for biosolids recycling emerged with 100% approval by those that chose to answer the questions. Compost Use Program Potential Partnerships OCSD staff is pursuing a two biosolids recycling public education partnerships. First, the Fullerton Arboretum took delivery of their first load of compost to use throughout their grounds. The Arboretum expects to use the OCSD biosolids- based compost on their lawns and to establish a new turf-parking lot in the spring as well as in and around several planters. Assuming the Arboretum staff likes the compost product, OCSD staff foresees future cross-educational opportunities with the Arboretum. Second, OCSD staff is working with Orange County Coastkeepers on planning their new Coastkeeper Gardens at Santiago Canyon College. OCSD would like to tie compost use into the Gardens' main messages showing the connection between home landscaping and the coast. Other pertinent themes of the Gardens include: * Water quality protection through runoff reduction (compost helps reduce runoff and increase infiltration). * Efficient Irrigation Technologies (compost helps to reduce water use by keeping the water in the root zones). * Educational opportunities (OCSD can provide educational materials on recycling and compost use for use in their classes and tours). Bushard Trunk Sewer Replacement Project Construction is proceeding on schedule on the Bushard Trunk Sewer Replacement Project. More than 9000 feet of pipeline has been installed to date between Panacea Dr. and Yorktown Ave. The area between Indianapolis Avenue and Adams Avenue is complete and now open to thru traffic. Closures continue on Bushard Street between Adams and Yorktown, which is scheduled for completion in February 2007.The dewatering process between Yorktown Ave. and Garfield Avenue consists of one lane closure and will take four to eight weeks to complete. Immediately following this work, a full closure will be implemented for five months to install the new pipe. The Ellis Ave. and Bushard St. intersection construction is on schedule as crews reached the halfway mark of the 9-month closure at the intersection of Ellis Ave. and Bushard St. this month. Major construction of all three underground project structures is almost complete, with most remaining work involving electrical and mechanical installation. Board of Directors Page 4 November 8, 2006 Most 108-inch pipe has been installed and crews have begun installing the new 96- inch pipe. Transfer of flows from the old 96-inch pipe to the new 96-inch pipe is expected to take place later this month. If you would like more information on any of the above items, please call me. James D. Ruth Interim General Manager JDR:gg N?DEPI W MON 1 pfiMBORPD LETlEF2 W b1101 K8 BpMp LTR.W L Attachments w , a b b b November8,2006 MEMORANDUM TO: Chair and Members of the Board of Directors Orange Cmy Sanitation District „Bn" FROM: Jam D. Ruth Interim General Manager, Orange County Sanitation District SUBJECT: November Status Report The following monthly report outlining the Districts progress is submitted for your consideration. 1. Streamlining of Board Committees and Functions A revised report incorporating input and recommendations from Board members is submitted for Board action at the November 15 meeting. Appropriate resolutions amending the Delegation of Authority and Rules of Procedure are included as action items. 2. Appointment of Crttical Management Positions With the resignation of the Director of Engineering, David Ludwin, I will be reviewing with the Steering Committee and Board a plan to fill his position and address other management needs as well. 3. Engineering Peer Review A peer review of our Capital Improvement Program management processes and procedures was conducted by a five member peer review committee from the American Society of Civil Engineers. The review was conducted over four days and the results will be presented at the Board meeting on November 15. 4. Benefits Workshop Actuarial consultant, John Bartel, met with the Finance and Human Resources (FAHR) committee at a special workshop on Thursday, October 26, 2006. Mr. Bartel presented a thorough analysis of benefit options for the committee, followed by an extensive question and answer period. Input received from Mr. Bartel's report will assist the FAHR committee and staff in structuring our approach to labor negotiations. 5. Alstyle Apparel Complaint I received an email from Anaheim Mayor Curt Pringle regarding one of the District's connection charges. Earlier in the week, Mayor Pringle had been contacted by a local manufacturer expressing their concerns about the District's Supplemental Capital Facilities Capacity Charge (SCFCC), a charge for high strength discharges that exceeds their approved baseline by more than 25%. w Board of Directors Page 2 November 8, 2006 Staff is reviewing the calculation of this charge and will brief me as soon as that review is completed. At that point,we will meet with Mayor Pringle, his staff, and the representatives of the manufacturer to explain the charge, how it is calculated, and potential measures available to the manufacturer to assist them in reducing their charge. 6. SARI Line County staff will coordinate a meeting with the Santa Ana River Interceptor(SARI)line participating agencies to review the results of the statewide election Prop 1 E and 84 and what the feasibility is of obtaining funding for the SARI project. 7. Grand Jury Members of the Grand Jury met with our Director of Regional Assets and Services (RAS), Nick Arhontes, Assistant General Manager Bob Ghireili, and staff to discuss watershed issues and to obtain a better understanding of the District's role and responsibilities in environmental and regulatory issues concerning Orange County. Follow up discussions will be held. 8. Management Training Four sessions of management training on the "Profession of Management have been completed with 20 of our managers participating. The training program is scheduled to finish in December 2006. 9. Succession Planning Twenty employees have volunteered to serve on the Succession Plan Steering Committee. Staff will work with the committee to identify Meet and Confer issues. A draft of the proposed Succession Plan has been presented to the FAHR Committee who will continue to be updated on our progress. JDR:gg H:Wephgmo\1101110 Admin\RUTH JAMESGRttua Report 200(Al l ONG Monthly StWs Report.doc ne November 8, 2006 MEMORANDUM TO: Board of Directors Orange County Sanitation District FROM: Jameel Ruth Interim General Manager SUBJECT: Supplemental Capital Facility Capacity Charge (SCFCC) Recently, there have been questions raised about the nature of the District Supplemental Capital Facility Capacity Charge (SCFCC) and the increase in the 2006-07 rate. Staff met recently with Anaheim Mayor Curt Pringle and representatives of Alstyle Apparel, a textile manufacturer in the City of Anaheim, to hear their concems about the impact of the rate increase on their operations. I would like to take this opportunity to provide some additional information and a timeline regarding this issue. 1999-00 OCSD first established the SCFCC: This charge was based on the study results of an independent engineering consultant charged with, among other tasks, determining the fair and equitable allocation of costs between and among different types of commercial, industrial and residential rate payers. As a result of this study, a standard baseline for the level of Bio-Oxygen Demand (BOD), Total Suspended Solids (TSS)volume of flows was established for all industrial pernittees. Given this standard baseline, an additional charge or Supplemental Capital Facility Capacity Charge was to be levied on any permittee that exceeded this standard baseline for anyone of these components by more than 25%. All companies that were in existence in 1999 that had operated at levels in excess of this standard baseline during the prior year were granted a baseline equivalent to the prior year actual levels. Companies obtaining permits after 1999 are charged based on the standard baseline. 2000-01 through 2003-04 There were no increases to the SCFCC rates. Any change in SCFCCs was the result of either increased or decreased discharges by a permittee. MSD P.O.B .8127 FwnWnVelley.OA e27e 127 (714)"2-2411 Board of Directors 1 Page 2 November 8, 2006 2005-06 There were no increases to the SCFCC rates. Any change in SCFCCs was the result of either increased or decreased discharges by a permittee. In preparation for setting the rates for the 2006-07 fiscal year, staff engaged an independent consultant to perform a new engineering study and review the District's existing cost allocation methodology. Large dischargers were invited to two public meetings with staff and the consultant to provide their input and discuss the study. During subsequent FAHR meetings, the consultant discussed his results with the Committee members. It was noted during the meeting and in the Committee and Board reports, that some excessive discharges would face a significant rate increase. This increase is primarily a result of increases in our capital improvement program. At the May 2006 Board meeting, the SCFCC rate was increased and made effective July 1, 2006. 2006-07 SCFCC rates were based on the new rate ordinance that called for rate increases of $161% for BOD and 34% for flow and a rate decrease of 51%for TSS. Staff is in the process of providing a more detailed report on this issue and will schedule Board/Committee meetings as required. Additional Information Capital Facility Capacity Charges (CFCC), also known as connection fees, are one- time fees paid at the time property is developed and connected to the wastewater system. The fees are levied to pay a portion of the Sanitation District's capital costs and for access to capacity in the wastewater system and are based on the square footage of the new improvements on the site. Additional CFCC fees, referred to as Supplemental Capital Facility Capacity Charge (SCFCC)fees, are imposed on industrial users who place larger than average demands on the wastewater system. The SCFCC is the difference between the levied square footage charge and the actual costs incurred related to the flow and strength of the treated wastewater. For an industry that has a high flow and/or strength discharge into the system, an up front fee could be in the millions of dollars. In addition, since industrial flows and strengths can vary considerably from year to year, based on the business climate, an up-front fee would not accurately capture the actual impact on the system. An industry would be either over paying or under paying most of the time. The SCFCC allows the industry to only pay for the capacity they require and to do it on a yearly basis. This makes the charge more accurate and reduces the large up-front cash outlay that would be necessary for a one time CFCC. i 808fd of DlfeCtOfS Page 3 November 8, 2006 The Sanitation District first established the SCFCC in FY 1999-00 based on an engineering study completed as part of the Strategic Plan Update of the 1989 30-year "2020 Vision" Master Plan. The fees were updated in FY 2003-04 based on a recently completed Interim Strategic Plan Update which developed revised cost estimates and user fee projections for upgrading the Sanitation District's level of treatment to secondary standards. A new financial model update was completed and implemented in FY 2006-07 as a result of changes in flow assumptions and in the escalation of the CIP 10-year cash flows from 2005 dollars to the mid-point of construction. The results of this financial model update performed by an engineering fine increased significantly the SCFCC rates approved in May of 2006. As is the case with the District's other charges to permittees, OCSD offers a 48-month payment program to companies that cannot immediately address any rate change. JDR:LT:gg H'4epbgno1110110 AdntlnRUT JAMESWemos 20M110806 to BOD re SCFCC.doc cc: B. Hogin P. Kyle N. Arhontes R. Ghirelli J. Herberg P. Miles E. Torres L. Tyner AGENDA BOARD OF DIRECTORS ORANGE COUNTY SANITATION DISTRICT DISTRICT'S ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CA 92708 REGULAR MEETING November 16, 2006 —7:00 P.M. 1. Invocation and Pledge of Allegiance (Buena Park — Director Patsy Marshall) 2. Roll Call 3. Consideration of motion to receive and file minute excerpts of member agencies relating to appointment of Directors, if any. 4. Appointment of Chair pro tem, if necessary 5. Public Comments 6. The Chair, General Manager and General Counsel present verbal reports on miscellaneous matters of general interest to the Directors. These reports are for information only and require no action by the Directors. a. Report of Chair; consideration of Resolutions or recommendations, presentations and awards b. Report of General Manager 1. Report on American Society of Civil Engineers (ASCE) Peer Review of the Engineering Department C. Report of General Counsel 7. Ratifying payment of claims of the District, by roll call vote, as follows: ALL DISTRICTS 10/15/06 10/31/06 Totals $8,082,635.54 $26,782,991.34 DIRECTORS: Pursuant to Government Code Section 84308, you are required to disclose any campaign contribution greater than $250 received in the past twelve months from any party to a contract involving OCSD. This requires that you identify the contributor by name. Further, you may not participate in the decision making process to award a contract to such party. For reference, you are directed to the Register of Warrants as to all current contractors/vendors with OCSD. For the specifics of Government Code Section 84308, please see your Director's Handbook or call the office of General Counsel. 11/15/06 r Page 2 CONSENT CALENDAR 8. Consideration of motion to approve all agenda items appearing on the Consent Calendar not specifically removed from same, as follows: a. Order the minutes for the Streamlining Workshop held on October 18, 2006 and the regular meeting held on October 25, 2006, to be filed and deemed approved, as mailed. b. (1) Receive and file summons and complaint re Nguyen, at al. v. Orange County Sanitation District, et al., Orange County Superior Court Case No. O6CC11453; and, (2)Authorize General Counsel to appear and defend the interests of the District. END OF CONSENT CALENDAR C. Consideration of items deleted from Consent Calendar, if any. COMMITTEE REPORTS AND RECOMMENDED ACTIONS 9. STEERING COMMITTEE Consent Calendar a. Order draft Steering Committee Minutes for the meeting held on October 25, 2006, to be filed. b. Adopt the 2007 Legislative Platform and Goals. C. Authorize a one-year renewal to the agreements for State and Federal Advocacy services from January 1, 2007 through December 31, 2007, as follows: Sacramento Representatives Scott Baugh (currently with Platinum $5,000 per month Advisors) $5,000 per month Townsend Public Affairs (TPA) Federal Representatives Eric Sapirstein and John Freshman $10,000 per month (ENS Resources and Troutman Sanders Public Affairs) 11/15/06 Page 3 Non-Consent Calendar d. (1)Adopt Resolution No. OCSD 06-25, Establishing Rules of Procedure for the Conduct of Business of the District, and Repealing Resolution No. OCSD 04-15; and (2)Adopt Resolution No. OCSD 06-26, Establishing Policies and Procedures for the Award of Purchase Orders and Contracts; Award of Public Works Project Contracts; Professional Services Contracts; and Delegation of Authority to Implement said Policies and Procedures; and Repealing Resolution No. OCSD 04-08. e. Consideration of items deleted from Consent Calendar, if any. 10. OPERATIONS, MAINTENANCE AND TECHNICAL SERVICES COMMITTEE(OMTS) OMTS Consent Calendar a. Order draft Operations, Maintenance and Technical Services Committee Minutes for the regular meeting held on November 1, 2006, to be filed. b. Approve Amendment No. 1 to the Agreement for the Management of Biosolids with EnerTech Environmental, Inc., in a form approved by General Counsel, to increase the quantity of biosolids delivered from 200 tons to 225 tons, extending the contract period from 20 to 25 years, and to increase the cost from $69.40 to $72.40 per ton, for an annual amount not to exceed $5,950,000 plus existing cost escalators. C. (1)Authorize the General Manager to award up to four sole source contracts for an amount not to exceed $90,000 each, for testing alternative chemicals for advanced primary treatment to General Chemical, Summit Research Labs, Aluminum Chemical Specialties, and Kemira Water Solutions, Inc.; and, (2)Authorize the General Manager to approve the sole source procurement of chemical tanks, containment equipment, and service and delivery fees from Baker Tank Rental for an amount not to exceed $45,800. OMITS Non-Consent Calendar d. Consideration of items deleted from OMTS Calendar, if any. 11. PLANNING, DESIGN AND CONSTRUCTION COMMITTEE (PDC) PDC Consent Calendar a. Order draft Planning, Design and Construction Committee Minutes for the regular meeting held on November 2, 2006, to be filed. 11/15/06 Page 4 b. Ratify Change Order No. 2 to Bushard Trunk Sewer Rehabilitation Pipe Procurement, Contract No. 1-2-4P, with Ameron International, authorizing an addition of$85,580 and 326 calendar days, increasing the total contract amount to $7,970,306. C. Ratify Change Order No. 3 to Ellis and Bushard Intersection, Contract No. 1-24A, with Mike Bubalo Construction, Inc., authorizing an addition of$552,984, increasing the total contract amount to $10,928,826. d. (1) Ratify Change Order No. 2 to Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21,with Sancon Engineering, Inc., authorizing a reduction of $24,675, reducing the total contract amount to $2,078,346; and, (2)Accept Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21, as complete, authorizing execution of the Notice of Completion and approving the Final Closeout Agreement. e. Ratify Change Order No. 14 to Effluent Pump Station Annex, Job No. J-77, with J.F. Shea Construction, Inc., authorizing an addition of$41,133, increasing the total contract amount to$44,638,467. f. Ratify Change Order No. 30 to Primary Clarifiers 16-31 and Related Facilities, Job No. 131-37, with Margate Construction, authorizing an addition of$52,594, increasing the total contract amount to $72,880,080. g. Approve a budget increase of$2,200,000 for Rehabilitation of District Siphons, Contract No. 2-68, for a total budget amount of$7,467,000. h. (1)Authorize staff to negotiate Amendment No. 1 to the Professional Services Agreement with Carollo Engineers for design services for the Headworks Rehabilitation/ Refurbishment, Job No. P1-71; and, (2)Authorize the General Manager to bid and award an equipment pre-purchase contract, Variable Frequency Drive Equipment for Headworks No. 2, Specification No. E-2006-314BD, in connection with Headworks Rehabilitation/ Refurbishment, Job No. P1-71, in an amount not to exceed $600.000. i. Approve a budget increase of$800,000 for a total project budget of$4,611,000 for the Realignment and Rehabilitation of Big Canyon Offsite Trunk Sewer, Contract No. 5-62. j. (1)Approve Amendment No. 4 to Cooperative Projects Program Contract No. 0126 with the City of La Habra, providing for a contract modification with no additional funding; and, (2)Approve grant funding for$380,000 for Closed Circuit Television inspection and sewer condition assessment from the City of Buena Park to be paid in Fiscal Year2008/09. 11/15/06 Page 5 PDC Non-Consent Calendar k. Consideration of items deleted from PDC Consent Calendar, if any. 12. FINANCE ADMINISTRATION AND HUMAN RESOURCES COMMITTEE (FAHR) FAHR Consent Calendar a. Order draft Finance, Administration and Human Resources Committee Minutes for the Special Meeting held on October 26, and regular meeting held on November 8, 2006, to be filed. (Minutes for 1118106 meeting will be distributed at 11115106 Board Meeting.) b Receive and file the 2006-07 First Quarter Financial Report for the period ending September 30, 2006. C. Approve Amendment No. 1 to the Real Property Lease Agreement, Specification No. L-018, with Village Nurseries Wholesale, LLC, providing for a lease extension effective December 1, 2006 through November 30, 2011, with option to renew for three additional 5-year periods. d. Receive and file the Comprehensive Annual Financial Report for the year ending June 30, 2006, prepared by staff and audited by Mayer Hoffman McCann P.C., Certified Public Accountants. e. Approve the reclassification of four OCSD positions affecting incumbents predicated on employees satisfying position qualifications and the indefinite and ongoing need to accomplish work at the higher level, providing for: (1) Reclassification of the Human Resources Manager position at PG 94 ($8,764 - $10,955)to Human Resources and Employee Relations Manager at PG 96 ($9,207-$11,509); (2) Reclassification of Source Control Inspector I position at PG 69 ($4,729- $5,911)to Source Control Inspector II at PG 73 ($5,217- $6,523); (3) Reclassification of Information Technology Analyst I position at PG 71 ($4,966 - $6,207) to Information Technology Analyst II at PG 75 ($5,483 - $6,854); and, (4) Reclassification of Senior Information Technology Analyst position at PG 83 ($6,680 - $8,349) to Principal Information Technology Analyst at PG 87 ($7,372 -$9,216). FAHR Non-Consent Calendar f. Consideration of items deleted from FAHR Consent Calendar, if any. 11/15/O6 Page 6 13. LEGISLATIVE AFFAIRS COMMITTEE Legislative Affairs Consent Calendar a. Meeting scheduled for November 14, 2006 was cancelled. Legislative Affairs Non-Consent Calendar b. Consideration of items deleted from Legislative Affairs Consent Calendar, if any. 14. GWR SYSTEM STEERING COMMITTEE(GWRSSC) Verbal report re Joint Groundwater Replenishment System Steering Committee meeting held on November 13, 2006. GWRSSC Consent Calendar a. No action items to consider. GWRSSC Non-Consent Calendar b. Consideration of items deleted from GWRSSC Consent Calendar, if any. NON-CONSENT CALENDAR 15. Closed Session CLOSED SESSION: During the course of conducting the business set forth on this agenda as a regular meeting of the Board, the Chair may convene the Board in closed session to consider matters of pending real estate negotiations, pending or. potential litigation, or personnel matters, pursuant to Government Code Sections 54956.8, 54956.9, 54957 or 54957.6, as noted. Reports relating to (a) purchase and sale of real property; (b) matters of pending or potential litigation; (c) employment actions or negotiations with employee representatives; or which are exempt from public disclosure under the California Public Records Act, may be reviewed by the Board during a permitted closed session and are not available for public inspection. At such time as the Board takes final action on any of these subjects,the minutes will reflect all required disclosures of information. 11/15/06 Page 7 r a. Convene in closed session, if necessary 1. PUBLIC EMPLOYEE APPOINTMENTS (Government Code Section 54957(b)(1)) Title:Assistant General Manager Title: Director of Engineering Title: Director of Operations & Maintenance Title: Director of Technical Services 2. PUBLIC EMPLOYEE DISCIPLINE/DISMISSAURELEASE (Government Code Section 54957(b)(1)) 3. CONFERENCE WITH LEGAL COUNSEL RE. INITIATION OF LITIGATION (Government Code Section 54956.9(c)) Number of Potential Cases: 1 b. Reconvene in regular session C. Consideration of action, if any, on matters considered in closed session 16. Other business and communications or supplemental agenda items, if any 17. Matters which a Director may wish to place on a future agenda for action and staff report. 18. Future Meeting Date: The next Board of Directors regular meeting is scheduled for December 20, 2006, at 7:00 p.m. 19. Adjournment 11/15/06 Page B Agenda Posting: In accordance with the requirements of California Government Code Section 54954.2,this agenda has been posted in the main lobby of the District's Administrative offices not less then 72 hours prior to the meeting date and time above. All written materials relating to each agenda item are available for public inspection in the office of the Board Secretary. Items Not Postetl: In the event any matter not listed on this agenda is proposed to be submitted to the Board for discussion and/or action,it will be done in compliance with Section 54954.2(b)as an emergency item or because there is a need to take immediate action,which need came to the attention of the Board subsequent to the posting of agenda,or as set forth on a supplemental agenda posted in the manner as above,not less than 72 hours prior to the meeting date. Public Comments: Any member of the public may address the Board of Directors on specific agenda items or matters of general interest. As determined by the Chair,speakers may be defamed unfit the specific item is taken for discussion and remarks may be limited to three minutes. Matters of interest addressed by a member of the public and not listed on this agenda cannot have action taken by the Board of Directors except as authorized by Section 54954.2(b). If you wish to speak, please complete a Speaker's Form(located at the table outside of the Board Room)and give it to the Board Secretary. Consent Calendar:All matters placed on the Consent Calendar are considered as not requiring discussion or further explanation and unless any particular item is requested to be removed from the Consent Calendar by a Director,staff member or member of the public in attendance,there will be no separate discussion of these items. All items on the Consent Calendar will be enacted by one action approving all motions,and casting a unanimous ballot for resolutions included on the consent calendar. All items removed from the Consent Calendar shall be considered in the regular order of business. Members of the public who wish to remove an item from the Consent Calendar shall,upon recognition by the Chair, state their name,address and designate by number the item to be removed from the Consent Calendar. The Chair will determine if any items are to be deleted from the Consent Calendar. Items Continued: Items may be continued from this meeting without further notice to a Committee or Board meeting held within five(5)days of this meeting per Government Code Section 54954.2(b)(3). Meeting Adioumment: This meeting may be adjourned to a later time and items of business from this agenda may be considered at the later meeting by Omer of Adjournment and Notice in accordance with Government Code Section 54955(posted within 24 hours). Accommodations for the Disabled: The Board of Directors Meeting Room is wheelchair accessible. If you require any special disability related accommodations,please contact the Orange County Sanitation District Board Secretary's office at(714)593-7130 at least 72 hours prior to the scheduled meeting. Requests must specify the nature of the disability and the type of accommodation requested. ...... ... ..........................................-............. . _...... .......--_--.-.-.............................-......_-1 NOTICE TO DIRECTORS: To place items on the agenda for the Regular Meeting of the Board of 'Directors, items shall be submitted to the Board Secretary no later than the close of business 14 days ;preceding the Board meeting. The Board Secretary shall include on the agenda all items submitted by .Directors,the General Manager and General Counsel and all formal communications. ;Interim General Manager James D. Ruth (714)593-7110 iruth@ocsd.cem 'Acting Assistant General Manager Bob Ghirelli (714)593-7400 rghirelli(dEocsd.com 'Clerk of the Board Penny Kyle (714)593-7130 pkvle@ocsd.com (Acting Director of Engineering John Linder (714)593-7350 ilinderaocsd.com Director/Finance&Admin Services Lorenzo Tyner (714)593-7550 ttvnerawsti com Director/Information Technology Patrick Miles (714)593-7280 pmiles9tocsd.com !Director/Operations 8 Maintenance Jim Herberg (714)593-7020 iherberc(cDocad.com i ,Acting Director/Technical Services Ed Tones (714)593-7080 etonesCdocsd.com :Director/Regional Assets& i Services Nick Arhontes (714)593-7210 narhomes(rdocsd.wm General Counsel Brad Hogan �714).584-2808 bho in s-law.mm H Wept\agenda\Board Agendas12006 Board AgendaM102506 agentla.dog BOARD OF DIRECTORS Meeting Date To ad.aDr. uitsia6 AGENDA REPORT Item Number Rem Numbe Orange County Sanitation District FROM: Lorenzo Tyner, Director of Finance and Administrative Services Originator: Lenora Crane, Executive Assistant SUBJECT: PAYMENT OF CLAIMS OF THE ORANGE COUNTY SANITATION DISTRICT GENERAL MANAGER'S RECOMMENDATION Ratify Payment of Claims of the District by Roll Call Vote. CONFLICT OF INTEREST NOTIFICATION Pursuant to Government Code Section 84308, you are required to disclose any campaign contribution greater than $250 received in the past twelve months from any party to a contract involving the Orange County Sanitation District. Further, you may not participate in the decision making process to award a contract to such party. For reference, you are directed to the Register of Warrants as to all current contractors/vendors with the District. In general, you must disclose the basis of the conflict by identifying the name of the firm or individual who was the contributor. For the specifics of Government Code Section 84308, please see your Director's Handbook or call the office of General Counsel. SUMMARY See attached listing. PRIOR COMMITTEE/BOARD ACTIONS N/A PROJECTICONTRACT COST SUMMARY N/A Foon No m41D24 1pmEeR -F.R Mpt.]2o RariW. 11RRC� Page 1 BUDGETIMPACT ❑ This item has been budgeted. (Line item: ) ' ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ® Not applicable (information item) ADDITIONAL INFORMATION N/A ALTERNATIVES N/A CEOA FINDINGS N/A ATTACHMENTS 1. Copies of Claims Paid reports from 10/01/06 to 10/15/06 and 10/16/06 to 10/31/06 Form No.o ium pmEa Rep—FN1R Deq ]20 flewet'. 11y1pLK Page 2 Claim Paid From 10/01106 to 10H5106 Warrant No. Vendor Amount Description Aeeaurde Payable-Wemenb 84744 Basic Chemical Solutions,L.L.C. & 36,61H.51 Sodium Sisulfite&Sodhlm HydmxWe 84745 Black&Veatch Corporation 531.376.21 Engineering Services P7-102 It J-77 84746 Camp Dresser&Mckee,Inc. 150,S25.57 Engineering Service JJ" 84747 Carollo Engineers 53.251.16 Professional Services P7-71 84748 David's Tree Service 31,500.00 Trse Maint.Service $4749 Earth Tech.Inc. W,W0.54 Professional Services P7-100 94750 Frost Company 36.510.39 Conshuciion P2.60 64761 HDR Engineering,Inc. 47,369.00 Professional Services PI-101 84752 Imledine Engineering 50.759.16 Sewerfine Video Inspections 84753 IPMC do Parsons 1,018,730.00 Engineering Services-Integrated Program/Project Management,Temporary Staffing,Mi&Supplies 84754 JVOC Environmental 33,132.88 Repair&Maintenance Services-Muf0n Monster Griner 84755 Kemimn Companies,Inc. 123.940.80 Ferric Chloride 84756 Lee&Ro.Inc. 33,735.90 Professional Services 5.51&5-52 84757 Pioneer Americas,Inc. 152ASSA0 Sodium Fypochlodle 84758 Polydyr,,Inc. 36.376.69 Cationic Polymer MO 3.11-92 84769 Southern California Edison 99,919.89 Power 54760 Tub RanchuMagan Farms 232.423.58 Residuals Removal MO 3-29-95 84761 US Peroxide,L.L.C. 72,501.00 Odor&Corrosion Control Treatment for Coll.Sys.',Hydrogen Peroxide&Famous Chloride 84762 Yalefi Materiels Handling,Inc. 142.652.49 (18)Electric Cads 84763 Denboer Engineering&Construction 33.955.B0 Construction P2.65-3 84764 Sancen Engineering,Inc. 635,705.10 Construction 7-21 B4766 A W Chesterton 3,271.09 Mechanical Pads&Supplies $4768 Accu5tandard 98.31 Lab Pads&Supplies 84767 Adamson Industries 657.49 Lab Pads&Supplies 84768 ADI Control Techniques Drives,Inc. 615.06 Electrical Pads&Supplies 84769 Advance Business Graphics 232.63 Printing Services-No.11 Envelopes w/CCSD Logo 84TT0 Aigas Safey,Inc. 3,024.32 Safety Supplies 64771 AKM Consulting Engineers 14.175.00 Professional Services-Pars-Time Dig Alan Technician 54n2 Alhambra Foundry Co.,Ltd. 1,574.23 Drain Grates 94773 Allied Packing&Rubber,Inc. 1,139.66 Mechanical Pads&Supplies 54774 American Society for Microbiology 175.00 Membership 84775 American Society of Civil Engineers 249.00 Training Registration 847T6 Aquatic Biosystems,Inc. 398.00 Lab Paris&Supplies 84777 Archie Ivy,Inc. 4,915.W Repair&Maintenance Services-Slurry Seal 8 Asphalt Striping B4778 Ashbrook Coporalion 4.337.67 WTinklepnes Parts&Supplies B4779 AT&T CafdontieddCI 1,429.67 Telephone Service 54780 Awards&Trophies Company 15.09 Awards&Plaques 94781 Battery Specialties 364.63 Batteries 84782 Bee Man Pest Control,Inc. 375.00 Pest Control 84783 Bell Pipe&Supply Co. 1,243.09 Mechanical Pads&Supplies 84754 Black Box Corporation 747.00 Computer HardwarefSoBwere 64785 Blaze Out 670.25 Hydrostatic Testing&Repairs-SCBA Units 84786 Biannual Pacific.Inc. 1.939.0 Sodium Hypoci 84787 Cambridge Isotope Labs 768.30 Lab Pads&Supplies 54788 Cameron Compression Systems 1.658.79 Mechanical Pens&Supplies 84789 Casual Gourmet 73.05 Meeting Expenses 84790 CEM Corporation 460.36 Lab Pads&Supplies 54791 CEPA Company 1,935.W Lab Equipment Mainl.Service 84792 Ctngular Wireless Airline 48174 Wireless Services H'WpYwNE%CELA,Ma21MPla1ARErClelm Pod Rall%a[aJlT Wlms PNL moon-1p 1e00 EXHIBITA nwtloa Page 1 of 8 Hru21196 Claims Paid From 10101106 to 10115108 Warrant No. Vendor Amount Description 84793 CIWI Industries 3,441.85 Lab Parts B Supplies 84794 CMAA 120.00 Membership 84795 Coast Plumbing 749.65 Plumbing Services 84796 Coast Rubber Stamp,Mfg. 115AO Office Supplies 84797 Cole Penner Instrument Co. 120322 Lab Paris 8 Supplies 84798 CSI Computational Systems 3.996.34 Electrical Paris 8 Supplies 84799 Consolidated Elect Distributors.Inc. 1.397.62 Electrical Parts 8 Supplies 84800 Consumers Pipe 8 Supply Co. 2.118.27 Plumbing Parts 8 Supplies 84801 Controlled Motion Solutions 810.89 Electrical Pads 8 Supplies 84802 Corporate Express 1.169.14 Office Supplies 84803 County of Orange Auditor Controller 70.00 Encroachment Permit P I A2 84804 County of Orange Auditor Controller 35.00 Encroachment Permit 741 84805 County of Orange-Health Care Agency 705.00 Orange County Waste Discharge Requirements-OCHCA EMPS Inspecliom Program 84806 County Wholesale Electric Co. 6,070.65 Electrical Pads 8 Supplies 84807 C.P.I.International 250.05 Lab Paris 8 Supplies 84BOB CS-AMSCO 35320 Mechanical Paris&Supplies 84609 Da0e 8 Sons Constructions.Inc 5,04420 Construction FE05-26 04810 Dapper Tire Co. 358.19 Truck Tires 84811 Desert Pumps 8 Paris,Inc. 341.94 Pump Paris 8 Supplies 8012 Dezurik Water Controls 3,186.41 Mechanical Pads B Supplies 84813 Dionex Corporation 343.95 Lab Pads B Supplies 84814 Dr.Harvey Goldstone 720.00 Safety Glasses 84815 Dresser,Inc. 389.70 Instrument Pads 8 Supplies 84816 E.Sam Jones Distributors,Inc. 250.49 Electrical Pads 8 Supplies 64817 Environmental Engineering B Contacting 8,000.00 Prof.Services-PreparalioMraining-Indus.Wastewater Trim.Operator Ting.Spanish Course $4818 Ecology Control Industries 10,514.58 Hazardous Waste Disposal 54819 Electrical Reliability Services 3.655.00 Professional Services-Calibrate 8 Test Gen.3 GPS-100 Relay at Ph. 1 84820 Electronic Balancing Co. 075.00 Repair B Maintenance Services-Balance Impeller 84821 Enchanter,Inc. 4,700.00 Ocean Monitoring 8 Outiafi Inspection 8 Maintenance 84822 ENS Resources,Inc. 10,000.00 Professional Services-Legislative Advocate 84823 Entech instruments,Inc. 2.165.00 Lab Parts 8 Supplies U824 Environmental Resource Center 749.00 Training Registration 84825 Environmental Resource Associates 2.340.16 Lab Pads 8 Supplies U826 Ewing Irrigation Industrial 351.97 Landscape Imgalion Pads 8 Supplies 64827 Ferguson Enterprises,Inc. 1.213.75 Vakve3 84828 Filtedine Corporation 190.40 Fiters 84829 Fisher Suenlific 20.066.46 Lab Pads B Supplies 84830 Flat 8 Medical,Inc. 988.00 Repair 8 Maintenance Services-Flat Be.8 Remove Sidewalk U831 Forked Engineering 8 Surveying,Inc. 4.187.73 Surveying Services-Various Capital Projects 64832 Franklin Covey 725.19 Office Supplies 84833 Pryor SernmarstCamer Track 99.00 Training Registration 84834 Frys Electronics 243.26 Computer Supplies 64835 City of Fu0edon 58.64 Water Use 8036 General Petroleum 100.92 Cytimldr Oil 54837 George Yardley Co. 1,872.41 Plumbing Pads&Supplies 84838 Gelinge Castle 45524 Lab Pads 8 Supplies 84839 Gur ich-Mitchell,Inc. 3.46925 Mechanical Pads 8 Supplies 84840 Goldenwesl Window Service 350.00 Groundskeeping Services 54841 Grainger,Inc 1.728.75 Mechanical&Elactdwl Parrs 8 Supplies 64842 Graybar Electric Company 330.78 Elechical Pavia 8 Supplies HWppssdvE%CELA1NaLOWPSHREavdms Paid RBpaMOSOTClolms Palo Repwl-1p19Aa Paga2016 EXHISI r OM1aM Claims Paid From 10101106 W 1N75106 Warrant No. Vendor Amount Description 84843 Great Western Sanitary Supplies 161.11 Janitorial Supplies 84844 Hach c/o Ronson Industries 607.77 Lab Palls&Supplies 84846 Harold Primrose Ice 70.00 Ica For Samples 84846 Hatch&Kirk,Inc. 522.04 Mechanical Parts&Supplies U847 Hill Brothers 10,505.90 Chemicals-Odor&Corrosion Control-Newport Trpnkline 84848 Ham Depot 154.57 Misc.Repair&Maintenance Material 84849 City of Huntington Beach 15,008.77 Water Use 848W Hydrotex 2,310.66 Transmission Fluid 84851 Industrial Dlsldbullon Group 4,292.85 Mechanical Pads,Locks,Tools&Paint 84852 Industrial Threaded Products,Inc 2,337.64 Inventory Fasteners $4853 Inland Petroleum Equipment and Repair,Inc 411.00 Repair&Maintenance Services-UST Testing $4864 Inorganic Ventures.Inc. 185.73 Lab Pads&Supplies 64855 International Institute of Municipal Clerks 191.00 Membership 54856 Irvine Ranch Water District 7.66 Water Use 84857 JG Tucker And Son,Inc. 534.44 Mechanical Pads&Supplies 84858 J.O'Brien Company.Inc. 441.07 Retractable Badge Holders 84859 Jamison Engineering Cmdraclom,Inc. 2.402.25 Repairs&Maintenance Services-4"Plant Water Line 84860 Jays Catering 786.46 Meeting Expenses 84661 Johnslone Supply 373.94 Ekctdcat Pads&Supplies 84862 Kars Advance Materials,Inc. 14.053.78 Professional Services P260 54863 Kissel Environmental Lab 180.00 Outside Laboratory Services 84864 Koller Sales Company 996.71) Repair&Maintenance Materials-Rubber Stair Treads 84865 Labeltronk 119.83 Sensor Ribbon 84866 Lucel's Gourmet Foods.Inc. 363.24 Meeting Expense U067 M.J.Schiff and Associates,Inc. 2,410.00 Professional Services-Corrosion Management 84888 The Malhwants,Inc. 467.45 Software Maintenance-Mallets 84869 McMaster Can Supply Co. 1,323.63 Mechanical&Lab Pads,Supplies&Tools 8487D Metex Corporation Limited 951.25 Electrical Pads&Supplies 84871 Mid West Associales 391.05 Pump Pens&Supplies 84B72 Mike Heinz&Associates 972.00 Videos of 120"&78"Oulfall Pipe Inspections 84a73 Mission Abrasive Supplies 52.04 Jantonal Supplies U874 Mitchell instrument Co. 358.55 View Window Safely Glass 84875 National Plant Services,Inc 15.693.03 Vacuum Track Services $4876 Neal Supply Co. 421.41 Plumbing Supplies 841177 Neutron Products,Inc. 20.284.97 Anionic Polymer 84878 New Hennes,Inc 95A0 Engraving Machine Repairs 84879 The Nonce Companies 349.44 Mail Delivery Service 84880 Onesource Olsldbulom,Inc. 8,871.74 Electrical Pads&Supplies 54881 Orange County Hoes Company 26.94 Hydraulic Hose Supplies&Pads 84882 Orange County Plating Co.,Inc. 1,640.00 Pump Peru 84883 Orange County Vector Control Disltict 370.52 Pest Control 54864 Orange Fluid System Technologies,Inc. 1.582,18 Plumbing Pads&Supplies 84885 Oxygen Service Company 1,807.00 Specialty Gases or Lab Pads&Supplies 54866 Pacific Mechanical Supply 4,026.15 Plumbing Supplies B4887 Pagentry Warts,Inc 587.13 American Flags 84888 Paragon Plastics Company 344.50 Pledglass Sheets 84888 Parker Supply Company 822.53 Mechanical Paris&Supplies B4890 Parkhouse Tire,Inc. 236.94 Tires 94891 Parkson Corpora0on 4,030.06 Flexible Sheaths for Wyss Diffuser 84892 PCG Induslrlea 600.00 Pump Repeire HMe,lN9d1EXCEL.d,.U2MPSH2RE1Cl01mf POIE Rapm11064MINme PeM Repwl-10-1 U EXHIBIT n,v21 W Page 3 of 8 1144,006 Claims Pell)From 10/01/06 W 10/15/OB Warrant No. Vendor Amount Description 94893 PCS Express,Inc. 141.79 Courier Service 94994 PerkmElow Las 933.85 Lab Parts&Supplies 94895 Pl.Hawn Company.Inc. 2.189.12 Electrical Pads&Supplies" 94896 Pod Supply 7.32 Repair&Maintenance Materials 84897 Printerguy 2.869.95 Printer Maintenance 84898 Prudential Overall Supply 5.937.35 Uniform.&Related Articles U899 PS TEK,L.L.C. 8278.47 Valve Pad. 84900 Ram.Instrument.L.L.C. 120.09 Lab Paris&Supplies 84901 Resource Bulkling Materials 219.16 Repair&Maintenance Materials 84902 Restek Corporation 404.37 Lab Pads&Supplies 84903 RMS Engineering&Design,Inc. 2.510.00 Engineering Services-Design for Storage Shelving U904 Rags Royce Energy Systems.Inc. 8.664.32 Repair&Matnlemance Services-Calibrate&Test Electronic Circuit Boards 84905 Royale Cleaners 29.50 Dry Cleaning Services 84906 RPM Ell Motors 2.824.66 Moto.&Pads 94907 Schwan Biosel 5,693.02 Mechanical Paris&Supplies 84908 Science Applications International 2.870.16 Ocean Monitoring MO6-8.94 84909 SCP Science 374.D0 Lab Paris&Supplies 84910 Sea Bird Electronics.Inc 23.00 Lab Instrument Maintenance&Calibration Services 84911 Sewer Equipment Company of Amedce 356.44 Haws 84912 SGE,Inc. 104.37 Lab Parts&Supplies 84913 Shamrock Supply Co.,Inc. 1.610.66 Repair&Maintenance Supplies,Cleaners/Degrease.&Tools 84914 Shuleluda Sales&Engineering 804.09 Mechanical Pads&Supplies $4915 Siemens Water Technologies Corp. 591.63 Service Agreement-DI Water Systems at Plants 1&2 84916 Sigma Aldrich,Inc. 625.56 Lab Pans&Supplies 84917 Skagit Arrllileclural Millwork 114.90 Water Battle Rack 84918 Skalar,Inc. 674.85 Lab Pans&Supplies 94919 Southern Counties Lubricants 576.04 Freight Charges a4920 Sparkle8s 204.75 Drinking Weler/Gaoler Rentals 84921 Sparking Instruments,Inc 7.001.44 Flow Mete. 84922 Star-Oddi 125.D0 Instrument Pads&Supplies 84923 Steven Enterprises,Inc. 405.97 Office Supplies $4924 Summit Steel 4.981.27 Metal 84926 Sunset Industrial Parts 44.86 Mechanical Pads&Supplies 84926 Synagro West,Inc. 14.097.00 Residual.Removal MO 3-29-95 84927 Teslamenca Ontario 5.140.00 Analysis of Slosolids 84928 Tetra Tech,Inc. 1.073.61 Professional Services-Ocean Monitoring Program 84928 The Help Center,L.L.C. 1,800.00 On-Site Training-Threal Assessment 84930 The University of Maine System 95.110 Training Registration 84931 Thompson Industrial Supply,Inc. 3.070.78 Mechanical Pans&Supplies $4932 Tolls Lack&Safe Service&Saks 1.096.26 Locks&Keys 84933 Townsend Public Allows 5.000.00 Legislative&Executive Advocale for Grant Funding 84934 Truck&Auto Supply,Inc. 942.84 Automotive Pans&Supplies 84935 U.S.Geological Survey 4.156.62 Professional Services-Deploy Current Mete.at Huntington Beach 0 7106-10106 B49M UC Regent. 5.674.32 Professional Services-Strategic Process Study Research Project 84937 Ultra Scientific 1,101.37 Lab Pans&Supplies 84938 The Unlsource Corporation 9.817.08 Office Supplies 84939 United Pacific Services.Inc. 2,200.00 Landscape Maintenance 84940 United Parcel Service 91.42 Parcel Services 04941 UNIVAR USA 1.341.49 Chlorine 84942 Venzon California 684.52 Telephone Services A vu,MAc ExCELdlaU20NPSHAPIRChM ne Pelf ReperNMOnCalms Paid Report-10-15aa E%HIBITIA finnim Page 4 of 8 11r11301e Claims Pak From 10/01/06 to 1015106 a Warrant No. Vendor Amount Description 84943 Veriz.Wireless 313.27 Wreless Telephone Services 84944 Vortex Corp. 5,962.32 Gala Repairs 84945 VWR Scientific Products 7.398.85 Lab Paris&Supplies 84946 Waxie Sanitary Supply 1,115.86 Janitorial Supplies 84947 Weather and What Instrument Co. 513.32 Wind Sock 84948 VJEF 902.00 Membership-Water Environment Federation 84949 West Los,Supply Company,Inc. 713.14 Electrical Parts&Supplies 84950 Wilson Supply,Inc. 2,857.37 Plumbing Paris&Supplies 84951 Workplace Resource 3.348.34 Office Furniture-PIO Office 84952 Yokoganva Corp.of America 308.71 Instrument Supplies 84953 Olsson Construction,Inc. 936.00 Cmwuructton P2A2 84954 Orange Community Bank 104.00 Construction P2-82,Retention 84955 Layne T.Baroki 312.10 Meeling/Tratning Expense Reimbursement 84956 Rajkumar Began 72.00 MeetingRreining Expense Reimbursement U957 Olga Cervantes 16527 Meetingaraining Expense Reimbursement 64958 Jerry F.Evangelista 125.00 MeetingfTreining Expense Reimbursement 84959 Victoria L.Francis 278.53 MeelingrTraming Expense Reimbursement 84960 Charles E.Frey 31.13 Meeling/Treining Expense Reimbursement 84961 Ulia Kovac 12.00 MeeengfTralning Expense Reimbursement 84962 Tom B.Meregillano 38.00 Meeling7raming Expense Reimbursement 84963 Fred J.O'Bnen 375.45 MeetinglTreming Expense Reimbursement M964 China A.Stacklin 70.00 MeefingrTraining Expense Reimbursement 84955 Frank r.Steiger 275.00 MeetingfTreining Expense Reimbursement 04966 Jane H.Tmn 125.00 Meelingi Traking Expense Reimbursement 84967 Simon L.Watson 116.O0 MeelingRroini g Expense Reimbursement 84968 Jeff W.Woodware 154.00 Meefingf mining Expense Reimbursement 84969 Michael I.Zedek 204.65 MeetingRreining Expense Reimbursement 84970 United Parcel Service 2225 Parcel Services 84971 Steve Anderson 1.428.65 Meeting(Trakling Expense Reimbursement 84972 County of Orange Auditor Controller 43.00 Annexation Fee-Walker OCSD-57 84973 County of Orange Auditor Controller 43.00 Annexation Fee-Rue OCSD-58 54974 CAEA Annual Conlemmos 405.00 Training Registration(CalHomia Water Environment Association) 84975 James Ferryman 86720 MeetingrTraining Expense Reimbursement 84976 Tyler T.Huang 1.174.81 Employee Computer Loan Program 84977 Orange County Sanitalian District 8.791.82 Workefs Comp.Reimb. $4970 BARBS 500.00 Training Registration 54979 Government Finance Officers Association 318.75 Meeting Registration-Division 220 54980 Malcolm Pimie,Inc. 80,522.90 Professional Services 550 U981 MetUfe Life Insurance Company 36,957.82 Group Life.Manager Addl.Life,Shod&Long-Term Disability&Optional Term Life Ins. M982 Mike Pitch&Sons 70,506.17 Emergency Repair&Maintenance Services-Sink Holes in Seal Beach&Los Alamitos 84983 MWH Americas,Inc. 25,478.81 Professional Services P2.74 84984 Orange County Water District 70,777.60 GAP Water Project 84985 Sancan Engineering,Inc. 47.190.00 Construction-Fold&Reform PVC Pipe/Rehab.of Small Diameter Sewer Pipe 84986 Synagro West,Inc. 350,107.85 Residuals Removal MO 3-29.95 84987 ARS,Inc- 380,642.20 Construction 7.36 84988 Aare Energy,L.L.C. 37.461.90 Reconciliation User Fee Refund Program 84989 American Telephone&Telegraph Corp. 357.36 Long Distance Telephone Service 84990 American Red Cross 735.00 CPR/Flrst Aid Training&Misc.Supplies 94991 American Society for Microbiology 175.00 Membership 84992 Amtech Elevator Services 1.400.00 Monthly Elevator Maintenance at PIM.1&2 H NexxxcftExCELdml mvkPSHARM1xlms Peld RepmMBdSlClelms Paul Repoi-1615A8 EXHIBIT A "1pk Page 5 of 8 11RFIO09 Claims Paid From 10101106 W 10ROM Warrant No. Vendor Amount Description 84993 APWA 82.00 Books&Publications 84994 Arch Wkeless Operating Company,Inc. 939.61 Wireless Services 84995 AT&T Universal Biller 2,375.37 Telephone Service 84995 AT 8 T Cal&ornlaNCI 38.95 Telephone Service 84997 American Telephone&Telegraph Corp. 74.12 Telephone Service 84998 Awards&Trophies Company 19.48 Awards&Plagues 84909 Basic Chemical Solutions,L.L.C. 9.402.13 Sodium Slavish,&Sodium Hydroxide 85000 BEC-Buildmg Electronic Controls,Inc 380.00 Fire Alarm System Maintenance 05001 California Dept,of Child Support 98.62 Wage Garnishment 85002 Cardlock Fuel Systems,Inc. 17.551.48 Fuel Card Program-District Vehicles&Monitoring Vessel 85003 Cad Warren&Ca. 380.65 Insurance Claims Administrator 85004 Casual Gourmet 44.61 Meeting Expenses 85005 CNS Environmental,Inc. 496.00 Professional Services 747 85006 Compressor Components of California 3.183.37 Cooper Compressor Paris 85007 Conrad&Associates,L.L.P. 16,917.00 Professional Services-Rmmdal Auditing Services 85008 County of Orange Auditor Controller 70.00 Encroachment Permit 5-58 115009 Davids Tree Service 3.225.00 Tree MainL Service 5W10 Devise Technical Products 13.476.75 Rerrwva9ReplacOnstellation Services-Solenoid Valves.Actuators,Plastic Piping:and Grease Lines 85011 Dieltl,Evans&Co.,L.L.P. 900.00 Meeting Regisimtion-Division 220 85012 DWG Associates 3,312.50 Professional Services-Rehabilitation of Cryo Plant 85013 Electra Bond,Inc. 479.01 Repair&Maintenance Services-Fusion Bond Coaling of Flanges 05014 Employee Benefits Specialists,Inc. 10,535.15 Reimbursed Prepaid Employee Medical&Dependent Care 88015 Environmental Resource Association 1,421.34 Lab Pans&Supplies 65016 Coca Order 420.00 Wage Garnishment &W17 Execubve Portraits 138.46 Photograph Services 85078 Factory Express,Inc. 165A2 Printed Birder Combs 65019 Forked Engineering&Surveying.Inc. 9,421.11 Surveying Services-Various Capital Projects 86020 Franchise Tax Board 213.34 Wage Garnishment 55021 Gerard Roofing Technologies 1,570.00 Permit Reimbursement 85022 Garden Grove Sanitary Disidct 232.76 Water Use 85023 Gold Coast Awards.Inc 3571 Name Badges 85024 Graybar Electric Company 208.68 Electrical Pads&Supplies 85025 IBM Corp. 7,68M00 Prof.Services-NeN,ork Programming 85026 Internal Revenue Service 125.00 Wage Garnishment 85027 Intl.Union of Oper.Erg.AFL CIO Local 501 4,494.60 Dues Deduction 85028 IOMA,Inc. 25.94 Sales Tax&Shipping Charges 65029 Elms Khawam 8.042.70 Permit Reimbursement $5030 Klesel Environmental Lab 1W.W Outside Laboratory Services 85031 Lance Soll and Lunghard 4,656.50 Professional Services-Internal Auditas 85032 Court Order 150.00 Wage Garnishment 85033 Los Angeles County 1,50L50 Sewer Service Cann.Agreement M0923/98 85034 MUS Consulting 23.751.70 Professional Surveying Services 1-24 85035 Court Order 225.00 Wage Garnishment 85036 National Bond&Trust 2,8511.67 U.S.Savings Bands Payroll Deductions 85037 Nu Way Laser Engraving 521.17 Asset Tags 85038 0CEA 620.03 Dues Deduction 85039 Office Depot Business Services Division 1,074A2 Office Supplies 85040 Orange County Tax Collector 1,211.06 Special Assessment on RA15 Property-APN 4048-131-10 85MI Oxygen Service Company 721.93 Lab Pads&Supplies 85042 Peace OMcers Council of CA 1,546.00 Dues Deduction,Supervisors&Professionals H NanbSMCELAeV10 SP RE1CWmi No Repmfl nxvx..P.Retry-1o154e FXHIBIM ev2101c Page 6 of 8 l lzmoe Claims Paid From 10101106 to 10/15106 Warrant No. Vendor Amount Description 85043 Penvalve 1,387.75 Plumbing Pads 8 Supplies 85044 Pioneer Amerces,Inc 20,020.70 Sodium Hypochloite 85045 R L Abbott 8 Associates 3,000.00 Kern County Biosolids Consulting Services 85046 RPM Electric Motors 4,751.57 Motor Repairs 85047 Salomon Ad,Inc. 81.48 Awards 8 Plaques 85048 Court Order 72110 Wage Garnishment 85049 Snap On Tools 1.715.82 Small Tool Expenses 85050 So Cal Gas Company 18,142.80 Natural Gas 85051 Southern California Edison 9.183.32 Power 85052 Summit Steel 1.754.61 Metal 85053 Telemedia.Inc. 4,216.12 Training Supplies-Mechanical Course Manuals 85054 Thompson Industrial Supply.Inc. 672.94 Mechanical Pars 8 Supplies 85055 Thompson Publishing Group 423.50 Publication 85056 T-Mobile 108.12 Wireless Air Time 85057 Tortuga Pool Services 310.00 Maintenance Agreement-Weekly Cleaning of Aldum Pond 85058 Tule RancNMagan Farms 24,995.70 Residuals Removal NO 3.29.95 65059 U S Bank 4,102.00 Annual Administrative Fee Re 2000 A 8 B Certificates of Participation 85060 UC Regents 3,304.87 Professional Services-Strategic Process Sludy Research Prolod 85061 UC Regents 625.00 Training Registration 55082 UCI Irvine 900.00 Training Registration 85063 United Pumping Servcee 4.151.60 Pumping Service 85064 United Way 60.00 Employee Contributions 85055 US Peroxide,L.L.C. 21,419.42 Odor A Corrosion Control Treatment for Coll.Sys.;Hydrogen Parasols 8506E Vernon 75.60 Telephone Service 85067 Water Policy Report 660.00 Publication 85068 West Coast Life 2,983.00 Employee Life Insurance 85069 Xerox Corporation 21.191.98 Copier Leases 8 Managed Services 85070 Court Order 597.50 Wage Garnishment 85071 Union Bank of California 20,033.80 Construction 7.38,Retention 85072 Deirdre E.Bi gman 250.00 Meeting/Training Expense Reimbursement 85073 Thomas M.Slanda 316.74 MeelinglTralning Expanse Reimbursement 85074 Michael J.Basso 466.70 Meeting/Training Expense Reimbursement 85075 Voided Check - - 85076 James L.Bum 250.00 Meeting/Training Expense Reimbursement 85077 OIMO A.Carrillo 356.13 Meeling/Tralning Expense Reimbursement 85075 Mark A.Esquer 125.00 Meeling/Tralning Expanse Reimbursement 85079 Jahn G.Gonzalez 320.74 MeelinglTraining Expense Reimbursement 85080 Larry E.Lezomk 547.B4 Meeling?raining Expense Reimbursement 65081 Henry E.Lorimer 514.16 Meeling/Training Expense Reimbursement 85082 Charles D.McGee 116.00 MeelinglTralning Expense Reimbursement 65083 Steven D.Pelletier 54.50 Meeting/Tralning Expanse Reimbursement 85084 Jamienn M.Guests 132.77 Meeling[Tralning Expense Reimbursement 85085 George Rivera 1,485.01 Meeling/Tralning Expense Reimbursement 85086 Darren J.Schuler 320.74 Meeling/TralnIng Expense Reimbursement 65067 Donald D.Simpson 482.31 Meeling/Tmining Expense Reimbursement 86088 Phillip J.Sullivan 469.11 Meeling[Tralnig Expense Reimbursement 85069 Tadao G.Vitko 1,1115.53 Meeling/Tmining Expense Reimbursement 85090 Joanne Ward 102.50 Meelingri mining Expense Reimbursement 85091 Monip,C.Ying 636.72 Meeling/Tralning Expanse Reimbursement 85092 Paula A.Zeller 530.03 MeelinglTrainlrg Expense Reimbursement H WeMnu WxCEL.dla122.P5HAROCIeImr Pan RepmW6eT01elma Pela Reparl-W540 EXHIBIT A flnnl45c Page 7 of 8 I14/3000 Claims Paid From 10/01106 W 10/15/08 Warrant No. Vendor Amount Description 85093 Kathleen Calder 486AO User Fee Refund Regarding Septic Tanks 85094 County of Orange Auditor Controller 495.00 Administrative Fee-Adjustments to Property Tax Bills 85095 County of Orange Auditor Controller 525.00 Administrative Fee-Adjustments to Property Tax Bills 85096 County of Orange Auditor Controller 670.00 Administrative Fee-Adjustments to Property Tax Bills 85097 County of Orange Auditor Controller 630.00 Administrative Fee-Adjustments to Property Tax Bills 8509E County of Orange Auditor Controller 615.00 Administrative Fee-Adjustments to Property Tax Bills 85099 County of Orange Auditor Controller 540.00 Administrative Fee-Adjustments to Property Tax Bills 85100 Ecology Control Industries 11,659.85 Hazardous Waste Disposal 85101 Elvia Harvey $57.53 Employee Computer Loan Program 85102 State Water Resources Control Board 4,676.00 Slalewide Requirement Waste Distlna Me Fee 85103 SARBS 125.00 Training Registration 85104 Wild Rivers Walerpark 1.693.50 Reimbursed Employee Activities Program Total Accounts Payable-Warrant 5,513�0,39 .6 Payroll Disbursements 35022 - 35112 Employee Paychecks 5 130.066.60 Bmeekly Payroll 10/11106 35113 - 35114 Employee Paychecks 231.46 Interim Payroll 10110106 131743 -132305 Direct Deposit Statements 1.136.935.51 Bivreekly Payroll 1011 IMB Total Payroll Disbursements —f7B7—TSJ3T Wire Transfer Payments OCSD Payroll Taxes 6 Contributions 5 672.135.99 Biveekly Payroll 10/11/06 Deutsche Bank 510,506.22 Series 2006 Cerilfcates of Participation September Interest Payment JP Morgan Chase Bank 122.360.00 Series 1993 Refunding Cedifncates of Participation September Interest Payment Total Wire Transfer Payments 1305,003. 1 Total Claims Paid 10101108-10115106 s 8,082,635.54 K:W,N 'MiEXCELAIeQIDNP5fl4RElLbdms Pam Re,xsd0nCirim,Paid Peyvd 10-1506 E(HIBIM ` V�IWe Page 8 of 8 li r Claims Paid From 10/16/06 to 10131/06 Warrant No. Vendor Amount Description Accounts Payable-Warrants 86105 Aera Energy,L.L.C. S 210.529.56 Reconciliation User Fee Refund Program 85106 Archie Ivy,lnc. 30.672.00 Construction FE0551 85107 Black&Veatch Corporation 101,708.91 Engiceerirg Services Pt-76&J-794 86108 Blue Cross of California 406.659.36 Medical Insurance Premium 85109 brown&Caldwell 323.604.59 Professional Services P2.90&P1.37 86110 Camp Dresser&McKee,Inc. 252,028.13 Engineering Service J47&Pt-97 85111 Corporate Image Mainlenance,Inc. 33.750.00 Cuslodlal Services Spam No.989"S 85112 Della Dental 57.380.57 Denial Insurance Plan 85113 Dudek&Associates,Inc. 148,372.41 Professional Services FE05-45&P2.68 85114 Earth Tech,Inc. 91.133.89 Professional Services 03-W $6115 Famnew Slate Hospital 33.615.63 Reconciliation User Fee Refund Program 85116 House Foods America 141,079.96 Reconciliation User Fee Refund Program 85117 Hill Brothers 48,146.39 Chemicals-Odor&Corrosion Control-Newport Trunktine 85118 Jamison Engineemg Commends,Inc. 74.920.30 Repairs&Maintenance Services 85119 Kaiser Foundation Health Plan 65,875.80 Medical Insurance Premium 85120 Kemiron Companies,Inm 104,391.42 Ferric Chloride 85121 Malcolm Pimie,Inc. 287.464.28 Professional Services J-79, 11-26.1-2-4&P2-80 86122 Nor-Cal Beverage Company,Inc. 90.245.36 Recenalialion User Fee Rehmtl Program 85123 Occidental Energy Marketing.Inc. 183.549.97 Natural Gas for CenGenlCoGen 85124 Precision Anodizing 26.069.24 Reconciliation User Fee Refund Program 85125 PBS&J 83293.04 Professional Services 3.52 85126 Pioneer Americas,Inc. 225.588.67 Sodium Hypochbr8e 85127 Poydyne,lnm 73.565.39 Calionic PoymerMO 341A 85128 RBF Consulting 34,998.93 Elginsering Services 7-47 35129 Sunciipse,Inc. 39,700.86 Reconciliation User Fee Refund Program 85130 Sunaipse.IncJConu Kraft 64,750.21 Reconciliation User Fee Refund Program 85131 Senn Engineering,Inc. 84.745.00 Cons0uction-Manhole Rehab.Project&Fold&Reform PVC Pipe/Rehab.of Small Dia.Sewer Pipe 85132 Southern California Edison 129,937.78 Power 85133 Tula RanchWagan Farms 203,665.63 Residuals Rammed!MO 3.29-95 85134 US Peroxide,L.L.C. 261.426.63 Odor&Corrosion Control Treatment for Coll.Sys.;Hydrogen Peroxide&Ferrous Chlonde 85135 Vemes Plumbing 29.177.08 Service Contract-Testing&Can.BaclAk w Devices at POs.1&2&Pump Ste. 85136 Helix Electric,Inc. 301.397.26 Construction SP-81 85137 J F Shea Construction,Inc 95.897.70 Construction P24M 85138 J R Fllanc Construction 990,865.80 Co sin ctiun PI-82 85139 Kiewd Pacific Co. 201,420.00 Construction 5-51&5.52 85140 Margate Construction,Inc. 650,781.00 Construction P"7 85141 Morrow Meadows Corp. 2150.7B2.00 Construction P217-3 85142 Union Bank of Ca6fomia 33.488.59 Construction SP11,Retention 85143 Union Bank of America 5,944,089.66 Consmlc6on P2.66,Retention 95144 J F Shea Construction,Inc. 4,686,271.94 Construction P2-66 W145 J F Shea Construction,Inc. 155.035.25 Construction J-n 85146 J F Shea Construction,Inc. 84,469.50 Construction P2-74 85147 A W Chesterton 2.39727 Mechanical Parts&Supplies 85148 Alcoa Global Fasteners,Inc. 9.805.33 Reconciliation User Fee Refund Program 95149 Alloy Die Casting 955.30 Reconciliation User Fee Refund Program 85150 Amenpem 1. 34.98 Reconciliation User Fee Refund Program H mr"xAE%CEL UIeW3 SH RE' me PEA Repen nCiolme PEN Repon.1p31Ce EXHIBIT awidd, Page 1 of 10 11n7moa Claims Paid From 10/16106 to 10131106 Warrerrt No. Vendor Amount Description 85151 Anaheim General Hospital 5,645.22 Reconciliation User Fee Refund Program 85152 City of Anaheim-Water Services 3.952.13 Reconciliation User Fee Refund Program 85153 Angelica Textile 5,757.57 Reconciliation User Fee Refund Program 85154 Artistic Plating&Metal 1.660.15 Reconciliation User Fee Refund Program 85155 Astech Engineered Products,Inc. 3,889.87 Reconciliation User Fee Refund Program 85156 Aautile Fasteners,Inc. 38.55 Mechanical Parts&Supplies 85157 Aigas Safety,Inc. 4.683.68 Safety Supplies 85158 Algas-West 9.00 Demurrage/Cylinder Rental& 85169 MM Consulting Engineers 10.687.50 Professional Services-Part-Time Dig Ated Technician 85160 Alhambra Foundry Co.,Ltd. 6,104.25 Manhole Parts&Supplies 86161 Allied Packing&Rubber.Inc. 18.32 Mechanical Paris&Supplies 85162 American Air Filter,Inc. 576.11 Air Fillers 85163 American AMines 8.198.14 Travel Services 115164 American Express 23,381.62 Purchasing Card Program,Misc.Supplies&Services 85165 Anakylical Products Group.Inc. 382.00 Lab Pads&Supplies 85166 AppleOne Employment Service 8.146.19 Temporary Employment Services 85167 Applied Industrial Technology 406.08 Mechanical Pads&Supplies $5168 ASCE Continuing Education 250.00 Membership 85169 AT&T Universal Biller 737.20 Telephone Service 85170 AT&T CallfomialMCl 805.01 Telephone Service 85171 American Telephone&Telegraph Corp. 2472 Telephone Service 85172 Beckman Coulter,Inc, 3.566.75 Reconciliation User Fee Refund Program 65173 The Boeing Company 2,068.21 Reconciliation User Fee Refund Program 85174 Bartel Associates,L.L.C. 7,350.00 Actuarial Services 85175 Basic Chemical Solutions.L.L.C. 22,899.19 Sodium Bisulfile&Sodium Hydroxide 85176 Battery Specialties 164.42 Batteries 85177 Bee Man Peal Control,Inc. 150.00 Pest Control 85178 Berendsen Fluid Power 275.65 Mechanical Parts&Supplies 85179 BioMerieux Vilek,Inc. 554.29 Lab Pads&Supplies 65180 Biospherical Instruments,Inc. 262.85 Instrument Repairs&Maintenance 85181 Black Box Corporation 2,072.76 Wireless Devices 85182 Boyle Engineering Corporation 7.873.52 Professional Services 1-24 85183 Brenntag Pacific,Inc. 1.939.23 Sodium HypocAlorhe 85184 Brinkman Instruments.Inc 525.00 Lab Instrument Repairs&Calibration Services 85185 Cadillac Plating 174.20 Reconclfiation User Fee Refund Program 85186 Circull Tech,Inc 52.84 Reconciliation User Fee Refund Program 85187 City of Anaheim-Public Utilities 635.13 Reconciliation User Fee Refund Program 85188 City of Garden Grove 25.00 OCSD Business License 85189 Huntington Beach Medical Center 1.214.87 Reconciliation User Fee Refund Program 85190 Continuous Coating Corp. 75.52 Reconciliation User Fee Refund Program 85191 Cylec Industries,Inc. 2255.78 Reconciliation User Fee Refund Program 85192 Calif Centrifugal Pump 645.00 Repair&Maintenance Services-Gear Parts 85193 California Acts Cogrsion 648.17 Truck Body Repair-V511 a5194 Cameron Compression Systems 126.56 Mechanical Pena&Supplies 85195 Casual Gourmet 63.14 Meeting Expenses 85196 COW Government,Inc. 4,006.10 Computer Hardware/So8w2re-CISCO Catalyst 296020PT 85197 Cinguler Wireless Airtime 4.331.20 Wireless Services HvdrpeaeokE%CELdta=0UPSrl4RE1Cklrm Peld Repo�7 fvrra Paid Report-1p31-ce EIIHIBIM -smnmc Page 2 of 10 llRaooa Claims Paid From 10118106 to 10131/06 Warrant N. Vendor Amount Oescrip0on 85198 City of Westminster 356.28 Water Use 65199 Claiming Service Center 21.50 Lath Rack 86200 CMAA 425.00 Training Registration 85201 CNS Environmental,Inc. 347.0D Professional Services 5-51 85202 Columbia Analytical Services.Inc 270.00 Analysts of Wastewater,Industrial Wastewater 88bsolids 85203 Compressor Components of California 6.516.19 Mechanical Pads B Supplies 852" Computer Protection Technology,Inc. 9,852.50 Computer Batteries Maintenance Agreement $5205 Consolidated Elect.Distributors,Inc. 1,206.37 Electrical Pads 8 Supplies $6205 Consumers Pipe 8 Supply Co. 3,177.72 Plumbing Pads 6 Supplies 85207 Controlled Motion Solutions 68.36 Electrical Pads 8 Supplies 85208 Corporate Exp ses 9,555.94 Office Supplies 85209 Codech Engineering 4,783.25 Pumps 85210 County Wholesale Electric Co. 20.82 Electrical Pads 8 Supplies 85211 CWEA Membership 440.00 Membership(Calif.Water Environment Assoc.) 85212 Davids Tree Service 900.00 Tree Maud.Service 85213 De Guelte 8 Sons Glass Co.,Inc. 201.52 Window Glass RepaimuReplacement 85214 Duane Paver Services 2AT0.00 Generator Supplies 85215 E.Sam Jones Distributors,Inc. 310.32 Electrical Pride 8 SUPPfads 85216 Eledron Plating III 2,017.46 Reconciliation User Fee Refund Program 85217 Exquisite Design 48.98 Recenalialion User Fee Refund Progmm 85218 Enchanter,Inc. 4,700.00 Ocean Monitoring 6 Oulfal Inspection 8 Maintenance 85219 Engineer Supply,L.L.C. 71.74 Scalex Plan Wheel with Case 85220 Fresh Food Concepts,Inc 2,334.66 Reconciliation User Fee Refund Program 85221 Fullerton Plating 1,625.86 Reconciliation User Fee Refund Program 85222 FEDEX Corporation 816.62 Freight Services 85223 Ferguson Enterprises,Inc. 378.01 Valves 85224 First American Real Estate Solutions 393.00 Online Orange County Property Information 85225 Fisher Scientific Company,L.L.C. 2.646.61 Lab Pans B Supplies 85226 FLW,Inc. 25.83 Plumbing Pads B Supplies 85227 Fountain Valley Paints,Inc. 12.71 Palm Supplies 85228 Fountain Valley Rancho Hand Wash 1.673.00 Vehicle Washing 8 Waxing Services 95229 Franklin Covey 105.28 Office Supplies $5230 Fred C Gilbert Co. 174.05 Pump 85231 Frys Electronics 537.70 Computer Supplies 85232 Garg43il Production,L.L.C. 76.17 Reconciliation User Fee Refund Program 85233 Gerard Roofing Technologies 23,369.42 Reconciliation User Fee Refund Program 85234 Goodwin Company 35.19 Reconciliation User Fee Refund Program 85235 Gorilla's Polishing and Playing Corp. 227.63 Reconciliation User Fee Refund Program 85236 Gunther Athletic Service 63.79 Reconciliation User Fee Refund Program 85237 Galley Associates.Inc. 250.00 Investigation Services 86238 Gmmhl Lumber Company 79.91 LumberMardware 85239 DEC(General Sending C.M) 120.26 Once Supplies 85240 George Yardley Co. 21420 Solenoid Valves 85241 Gelinge Castle 1.279.50 Lab Pads 8 Supplies 65242 Gilmour Group Up Lippincott Co. 1,388.66 Hosea 85243 GKN Aerospace Transparency Systems,Inc. 3.023.93 Reconciliation User Fee Refund Program 852" Golderw.esl Window Service 640.00 Gmundskeeping Services and General Cteen4lp of Non County Offices at North County Yard H viepriiiMMEL WWWAPSHARE1Clelm Peld Rcpxr -OnCIBImr Peltl Repml 1631d6 EXHIBIT 1e 1 Page 3 of 10 11M21106 Claims Paid From 10116106 to 10131A06 Warrant No. Vendor Amount Description 85245 Grainger,Inc. 6.135.02 Mechanical Pads&Supplies $5246 Graybar Electric Company 11.93 Electrical Pads&Supplies 85247 Greet Western Sanitary Supplies 258.D4 Janitorial Supplies 85248 Guarantee Records Management 368.05 OMite Records Storage 85249 Haft-Harks Shoppers 1.755.10 Reconciliation User Fee Refund Program 85250 The Harlwell Corporation 723.40 Reconciliation User Fee Refund Program 85251 Hach do Potion Industries 67.88 Lab Paris&Supplies 86252 Hardy Diagnostics 937.24 Lab Paris&Supplies 85253 Harold Primrose Ice 140.00 Ice For Samples 85254 Harrington Industrial Plastice,Inc. 164.43 Mechanical Pads&Supplies 85255 Heat Technology Products 4.268.77 Heat Exchanger 85256 Home Depot 48.36 Misc.Repair&Maintenance Material 85257 How Express,L.L.C.dba Pirlek Sella Ana 1.256.48 Mobile Hose Service 85256 Voided Check - - 85259 Hub Auto Supply 263.OB Vehicle Pads&Supplies 85260 Hydrolex 2,188.72 Lube Oil 85261 Ideal Uniform Rental Service 408.23 Reconciliation User Fee Refund Program 85282 Industrial Metal Finishing,Inc. 721.84 Reconciliation User Fee Refund Program 85263 ICN Phamaceuticals 1,414A2 Reconciliation User Fee Refund Program 85264 to. 3,340.25 Lab Pads&Supplies 85WS Industrial Distribution Group 735.40 Mechanical Pads,Supplies,Tools&Paint 85266 Industrial Metal Supply 672.36 Metal 85267 IBM Corporation 5,584.77 Maintenance Agreement AS-400 85268 IPC Cal Flex,Inc. 101A2 Reconciliation User Fee Refund Program 85260 J&H Debuting,Inc.2 319.74 Reconciliation User Fee Refund Program 85270 Jaya Catering 1,014.76 Meeting Expenses 85271 Johnstone Supply 407.03 Electrical Paris,Supplies&Tools 85272 Kinsbursky BroBors Supply,Inc. 66,11 Reconciliation User Fee Refund Program 85273 Kforce,Inc. 1,716.00 Temporary Employment Services 85274 Kle doder,Inc. 8.13350 Sags,Concrete&Other Materials Testing 85275 La Palma Intero0mmunity Hospital 6,646.59 Reconciliation User Fee Refund Program 85275 Lacey Custom Unens 1.014.43 Reconciliation User Fee Refund Program 85277 Labserve-Tech 600.OD Lab Instruments Calibration Services 85278 Mask Technology.Inc. 952.41 Reconciliation User Fee Refund Program 85279 Metal Power Products 2.559.41 Reconciliation Use.Fee Refund Program 85280 Morainal,Biochemiol,Inc. 892.14 Recond alkin User Fee Refund Program 85281 MurrieBs Circuits 646.30 Reconciliation User Fee Refund Program 85282 Maintenance Products,Inc. 10.697.25 Mechanical Parts&Supplies 85283 Maintenance Technology Corp. 62.20 Mechanical Pads&Supplies 85284 Manpower Professional 3.552.00 Temporary Employment Services 55285 Material Damage Appraisal of Long Beach 145.50 Vehlcte Damage Appraisal Service 85286 MCBam Instruments 565.00 Lab Instrument Maintenance Agreement 85287 McMaster Cart Supply Co. 2,263.90 Mechanical,Electrical&tab Pads,Supplies&Tools 85288 Medlin Controls Co. 2,348.93 Mechanical Pads&Supplies 85288 Miller Brooks Envimnmenlal,Inc. 6.972.24 Professional Services-UST Feasibility Study&Corrective Action Plan 85290 Mission Abrasive&Janitorial Supply 52.04 Janitorial Supplies 85291 Mitchell Instrument Co. 1,360.93 Instrument Parts&Supplies H:Weppas4rEXCELEIeVI SHARE\Clnma Paid Repmaaa-GrOmana Pek Report-l0i FXWIBI1'6 -,RN31M Page 4 of 10 111312Wa Claims Paid From 10116106 to 10131/06 Warrant No. Vendor Amount Description 55292 Nelco Products,Inc. 4,488.01 Reconciliation User Fee Refund Program 85293 NAB Associates,Inc. 1.415.00 Lab Parts&Supplies 852M National Assoc.of Clean Water Agencies 725.00 Training Registration 85295 National Plant Services,Inc. 7.897.03 Sewedine Video Inspections 85296 Neutron Products,Inc. 8.374.90 Anionic Polymer 85297 New Hermes,Inc. 9.28 Engraving Machine Repels 85298 Nextel Communicarm. 1,646.45 Cellular Phones B Air Time 85299 Ninyo&Moore Corporate Accounting 13.167.00 Professional Services-Soils,Concrete&Other Materials Testing 85300 Nu Way Laser Engraving 9117.70 Asset Togs 85301 The Orange County Register 3.784.60 Recencilialion User Fee Refund d Program 85302 OCB Reprographics 3.325.49 Printing Service-MO 126100 85303 Office Depot Business Services DIVISImh 2,87377 Office Supplies 85304 OMI Industries 4AS000 Odor Conlrol Chemicals for Pit.2 Truck Loading Facility 85305 Onesource Distribulors,Inc. 2.56207 Electrical Pads&Supplies 85308 Oracle Corp. 1.026.97 Software Maintenance-Internet 85307 Oracle USA,Inc. 18,889.01 Software Update,License&Support-Enterprise One 85308 Orange Fluid System Technologies.Inc. 1,919.08 Plumbing Pads&Supplies 85309 Oxygen Service Camps" 2.880.54 Lab Pads&Supplies 85310 Performance Powder,Inc. 106.45 Reconciliation User Fee Refund Program 85311 Feminize 386.92 Reconciliation User Fee Re"Program 85312 Placentia Linda Community Hospital 10.305.16 Reconciliation User Fee Refund Program 85313 Piston Cory.82 1,913.21 Reconciliation User Fee Refund Program 85314 Powderceal Services 92 437.05 Reconciliation User Fee Refund Program 85315 Precision Resource,California 606.93 Reconciliation User Fee Refund Program 85316 Prime Technologies,Inc. 1.589.46 Reconciliation User Fee Refund Program 85317 Pacific Mechanical Supply 379.14 Plumbing Supplies 85318 Parker Supply Company 1.233.00 Repair&Maintenance Serdcea-Impeller 55319 PC Magazine 44.97 Subscription 65320 PCG Industries 5,275.00 Repair&Maintenance Services-SS Bushing 85321 PerkinElmer Las 71.85 Lab Pads 8 Supplies 85322 Pe d aseal 491.34 Lube Oil 85323 PFE International,Inc. 727.31 BoBwa.Maintenance 85324 PL Hewn Company,Inc. 1,O86.62 Electrical Pads&Supplies 85325 Platinum Advisors 5,000.00 Legislative Advocacy Efforts&Participation In Legislative Affairs Committee Meetings 85325 Printer,Inc. 82.86 Lab Pads&Supplies 85327 Pramme 9,232.97 Sewedine Video Inspections or Sewenine Cleaning for City of Tustin&Unincommaled County Property $5328 PS TEN,L.L.C. 22,145.68 (2)Hydraulic Cylinders 85329 Quedernti Incorporated 278AS Safety Supplies 85330 Quinn Power System Assoc. 200.00 Maintenance Agreement-Ocean Monitoring Vessel Nurser 85331 Ralph's Grocery Company(Bakery) 12,690.84 Reconciliation User Fee Refund Program 85332 Renal Research 1.494.20 Reconciliation User Fee Refund Program 85333 Rainbow Disposal Co. 3,464.33 Trash Removal 85334 Ritz Camera Centers,Inc. 409.23 Photo Processing&Sbpk-We Cameras 85335 Roomed!Engineering&Equipment Co, 17,746.85 Vaughan Chopper Pump&Pads 85335 ITT Shared Services 3.488.53 Instrument&Instrument Pens-TSS Level Analyzer 85337 Rulan&Tucker.L.L.P. 475.00 Legal Services 85338 Santana Services 703.54 Reconciliation User Fee Refund Program H uremaxiEXCEL.AIe122PAPSPARMlelms Paid RepPrNHLTCialm Pelt exact-1a31-0 EXHIBIT B mvf loop Page 5 of 10 l in Claims Paid From 10116100 to IW31106 Warrant No. Vendor Amount Description 85339 Serrano Water Dmind 41.51 Reconciliation User Fee Refund Program 85340 Sioux Haney Assoc.C0-0P 4,179.66 Reconciliation User Fee Refund Program 85341 South Coast Circuits 82 53.92 Reconciliation User Fee Refund Program 85342 South Coast Circuits,Inc. 202.70 Reconciliation User Fee Refund Program $5343 Speedy Circuits 31.38 Reconciliation Use,Fee Refund Program 85344 Sister Corporation 6,459.93 Reconciliation User Fee Refund Program 85345 Sunny Delight Beverages Company 3.596.98 Reconciliation User Fee Refund Program $5346 Sales Automation Services,Inc. 412.50 Payroll Software Consultant Services 85347 Schanck Trebel 10.24 Sales Tex 85348 Science Applications International 7,381.69 Ocean Monitoring MO 6-8-94 85349 Shamrock Supply Co.,Inc. 2.884.25 Concrete Mix 85350 Shureluck Sales&Engineering 1.447.00 Pump Parts&Supplies 85351 Siemens Water Technologies Carp. 2.320.25 Service Agreement-DI Water Systems at Plants 1 &2 55352 Sign Aldrich,Inc. 207.83 Lab Paris&Supplies $5353 Snap-On Tools,Inc. 4.122.56 Mechanical Pads.Supplies&Tools 85354 So Cal Gas Company 15,727.83 Natural Gas 65355 Southern Counties Lubdcenls 1,590.87 Gear Oil 85356 Sparklefts 1,882.85 Drinking WalerlCooler Rentals 85357 Spatting Instruments,Inc. 1712.29 Repair&Maintenance Services-Master Flaw Magnetic Meter 85358 SPEX Cediprep,Inc. 1,364.17 Lab Pads&Supplies $5359 Stang Industrial Products 2.981.05 Digester Cleaning Monitor 85360 Summit Steel 616.68 Metal 85361 Sunset Industrial Parts 554.19 Mechanical Paris&Supplies 85362 Technical Service Group,Inc. 1.381.80 SCADA System VAX Service Agreement 85363 System Solution Company 1.248.19 Repaid,&Maintenance Services-Access ConlroVCCTV Security System 85364 Taormina Industries.Inc. 143.87 Recondlletion User Fee Refund Program 85365 Taormina Industries.L.L.C.s4 2.241.50 Reconciliation User Fee Refund Program 85366 The Pros Polishing and Plating 11.32 Reconciliation User Fee Refund Program 85367 Toyota Racing Development 165.50 Reconciliation User Fee Rebind Program 85368 City of Tustin Water Service 7.335.53 Recondllatlon User Fee Refund Program 85369 Tosco Padac Fire Proledion 1.549.00 QrUyJAnnuel Fire Sprinkler Inspection,Malm.It Ced.at Pit. 1&Pit.2 85370 TDC Group,Inc. 13.250.00 GIS Web Services RAD Taal-Installation,Set-Up,Training.Documentation&Maintenance 85371 TesWmedce Ontario 5.384.00 Anal of Blosofids 85372 Tatra Design,Inc. 6.749.70 Professional Services J-88 85373 Thermo Electron Corp. 820.67 Lab Parts&Supplies 85374 Thompson Industrial Supply.Inc. 2,383.95 Slador Motor-Explosion-Proof 85375 Times Community News 206.26 Notices&Ads 85376 Tortuga Pool Services 350.00 Maintenance Agreement-Weekly Cleaning of Almon Point 85377 Townsend Public:Affairs 5.000.00 Legislative&Executive Advocate for Grant Funding 8537a Traffic Central Service,Inc 608,79 Traffic Safety Vesta&ReBedive Tape 85379 Tremco Incorporated 4.960.00 Repair B Maintenance Services-(3)Drains at Central Center $5380 Truck It Auto Supply,Inc. 270.71 Automotive Pads&Supplies 85MI United Circuit Technology 2.328.56 Reconciliation User Fee Refund Program 85382 Universal Alloy Carp. 1,596.76 Recondliafion User Fee Refund Program 85383 Ultra Scientific 164,80 Lab Pads&Supplies 85384 The Unisource Corporation 296.52 Office Supplies $5385 United Pacific Services,Inc. 20.417.47 Landscape Maintenance at Plants 1,2.Pump Stations&Tree Trimming at North County Yard H WeaNME%CELEratdINAPSH4REiValms Paid RepaMBOTC1eImr Palo RPoen.10,31l'e EXHIBIF Malmo Page 6 of 10 114,3009 Claims Paid From 10/16/06 to 10/31/06 Warrant No. Vendor Amount Description 85386 United Parcel Service 20.43, Parcel Services 85387 United Rentals,Inc. 154.45 Mechanical Pads B Supplies 85388 UOP,L.L.C. 251.32 Reconciliation User Fee Refund Program 85359 US Aacondifionirg Distributors,Inc. 1,054.30 Motor SM90 (1WMC Hosp0al Corp. 13,047-72 Reconciliation User Fee Refund Program $5391 Victory Circuits,Inc. 35.64 Recanogialion User Fee Refund Program 85392 Vero on Cellf mia 126.94 Telephone Services 85393 Melon Communications Co. 2.601.69 (4)Portable Radios 85394 Vision Service Plan CA 9.807.84 Vision Service Premium 85395 Vortex Corp. 2,787.75 Door and Gale Repairs 85386 V WR Scientific Products 405.71 Lab Pads 8 Supplies 85397 Waste Management of Orange 11,358.43 Reconciliation User Fee Refund Program 85398 Western Medical Center Anaheim 3255.64 Reconciliation User Fee Refund Program 85399 Weyerhauser Company 16,291.85 Reconciliation User Fee Refund Program 85400 The Wackenhut Corporation 13.089.97 Security Guards $5401 Wade Sanitary Supply 99.30 Janitorial Supplies 86402 Weather and Wind Instrument Co. 199.74 Wnd Sock SM03 WEF 288.00 Membership-Water Environment Federation 85404 West Lite Supply Company,Inc. 331.04 Electrical Pads&Supplies 86405 Wesimark Paint Co. 259.48 Painting Supplies 85406 Westport Apparatus DBA Breaker Supp. 72.65 Electrical Pads B Supplies 85407 Wlson Supply,Inc 88.55 Plumbing Paris&Supplies 85408 Workforce Software,Inc. 11,000.00 Professional Services-J-104 $5409 Xerox Corporation 878.60 Copier Leases&Managed Services 85410 Yale/Chase Materials Handling,Inc. 2.032.60 Electric Carl Parts 85411 Yellow Springs Instrument Co.,Inc 168.27 Lab Parts 8 Supplies a5412 1410OConferance(R) 45.62 Telephone Conference Calls 85413 12900 Holly Street.L.L.C. 82.65 Reconciliation User Fee Refund Program 85414 California Bank&Trust 649.00 Coroln ction J-33-IA,Retention 85415 Southern Contracting Company 13.575.00 Constmclon J-33-IA 85416 Wels Fargo Bank 22.350.00 Construction 531 A 5 2,Retention 85417 Layne T.Baroldi 432.10 Meeling/7raming Expense Reimbursement SM18 Jude Brooks 431.W Meeling(Training Expense Reimbursement 85419 Kimbell C.Christensen 18.00 Meeting/7raining Expense Reimbursement 86420 Eric A.Gaaud 367.46 MeelingfIrraining Expense Reimbursement W21 Jin H.Kim 182.00 MeetinglTraining Expense Reimbursement 85422 Robert M.Moms 454.77 MeelingRralning Expense Reimbursement 85423 Sharon Nellus 1,47975 Meetingntraining Expense Reimbursement 85424 Shaee A.Towns 506.90 Meetingrrmining Expense Reimbursement 65425 County of Orange Auditor Controller 645.00 Administrative Fee-Adjustments to Property Tax Bills 86426 County of Orange Auditor Controller 675.00 Administrative Fee-Adjustments to Property Tax Bills 85427 Todd Dial 1.373.05 User Fee Refund Regarding Septic Tanks 85428 Nathan Dotson 1,373.08 User Fee Refund Regaroing Septic Tanks 85429 Fleming Environmental,Inc. 13.061.00 ConsWction FEOS-31 85430 Marc Gia uneno 486.40 User Fee Refund Regarding Septic Tanks 85431 Thomas MacDuff 1,373.08 User Fee Refund Regarding Septic Tanks 85432 Robed Maggi 669.24 User Fee Refund Regarding Septic Tanks H'depfmElE%CEL41e1a3pAP6W1REV]4me Ptl]ReppTeaOTLIBImr Pen Repmn-10-31-08 EXHIBIT B avmm Page 7 of 10 llnrspoe Claims Paid From 10H6106 to 10/31100 Warrant No. Venda, Amount Description 85433 Orange County Saniallon District 1,363.27 Petry Cash Relmb. 85434 Wayne Seale 1.523.70 User Fee Refund Regarding Septic Tanks 85435 Kad Siwek 1,373.0E User Fee Refund Regarding Septic Tanks 85438 Grant Stephens 663.32 User Fee Refund Regarding Septic Tanks 65437 Culligan of Orange County 25,661.46 Mainl.Agreement-Can Gen Water Softener System 85438 Orange County Water District 3,1124,270.83 Joint GWRS Project J-36 85439 Southern California Edison 250,639.95 Power 85440 Water Env.Research Foundation 83,260.00 Annual Research Commitment 85441 California Business Bank 177,072.10 Construction I.2.4A.Retention 85442 Mike Bubalo Conalruclion Co.,Inc. 1,693,646.91 Construction 1-24A 85443 ACE Ergonomics 497.09 Office Furniture 85444 American Payroll Association 1,961.95 Membership.Training If Publication 85445 American Red Cron 2.181.50 CPR Training&Miscellaneous Supplies 85446 American Society of Civil Engineers 105.00 Membership $5447 AT&T UNversal Biller 1.121.36 Telephone Service 55448 AT&T CallfomiaMlCI 2,047.77 Telephone Service 85449 Atkinson,Andelson,Loye,Rudd&Ro 13,734,00 Legal Services-Confidential Study far HR 85450 Biocycte 113.00 Publication 85451 Slecked's Diesel Repair,Inc 361.69 Repair B Maintenance Services-V-364 85452 Countyo(Omrge 1,771.81 Malnt Agreement-Repair/Inslallallon of Base,Handheld if Vehicle Radios 85453 California Dept.of Hea0h Services 92.00 Membership 85454 California Dept.of Child Support 1,240.12 Wage Garnishment 05455 California Fleet Nevre 590.00 Tralning Registration 85456 Casual Gourmet WAS Meeting Expenses 85457 CSC(Communicalions Supply Corporation) 795.00 Training ReOblralion 85458 Elsevier Science 1.463.00 Publication B5469 Employee Benefits Specialists,Inc. 10,515.15 Reimbursed Prepaid Employee Medical If Dependent Cara 85460 Environmental Resolulions,Inc. 825.00 Reconcitielion User Fee Refund Program 85461 Fades Corporation 1,092.65 Freight Services 85462 Find American Real Estate Solutions 450.00 On-Line Orange County Property Information 85463 Franchise Tex Board 196.95 Wage Garnishment 85464 Fred C.Gilbert 161.53 Pump 85465 Frost Company a69.50 Repair&Main.Services-Oil Leak 85466 Frys Electronics 166.80 Computer Supplies 85467 Ganahl Lumber Company 406.73 Lumber/Hardware 86468 Hagemeyer North America 55.89 Prescription Safety Glasses 55469 Imaging Nelvmrk Solutions 117.19 Repair&Maintenance Services-IBM Typewrller 85470 Industrial Distribution Group 3.100.62 Maintenance Supplies-(258)Cans of Aerosol Cleaner A,(48)Duct Tape 85471 Innedlne Engineering 18.384.71 Sawedina'Ades Inspections 85472 Intergraph Corporation 5,909.01 Annual Softwam Maintenance Agreement 85473 Internal Revenue Service 125.00 Wage Garnishment 85474 Intl.Union of Oper.Eng.AFL CIO Local 501 4,470.35 Dues Deduction 85475 Iron Mountain 105.01 Storage Fee-Bid Documents Pt-37 85476 Jobs Available,Inc. 192.50 Notices If Ads 85477 JP Morgan Chase Bank 10,653.00 Administration Fee-1993 Refunding Certificates of Participation 85478 JWC Environmental 1,856.96 Mechanical Pads&Supplies 85478 Kissel Environmental Lab 540.00 Outside Laboratory Services N Wepaa.d CEL.d1afIIaWP5114RE1Cle1ms Psd Rsppma64TClplmx PGld Report-1p31L EXHISITA .� nnnlm= Page 8 of 10 tt7Ml006 Claims Paid From 10/10/06 to 10/31/06 Warrant No. Vendor Amount Description 85480 Lance Soll and Lungherd 2,053.25 Professional Services-Internal Auditors 85481 Court Order 150.00 Wage Garnishment 85482 Louie Allen Worldwide 8,029.99 EMT and Manager Training 85483 McMaster Carr Supply Co. 2.147.03 Mechanical&Lab Parts,Supplies&Toole 85484 Midway Mfg.&Machining Co. 9.219.09 Mechanical Parts,Supplies&Tools 85485 Voided Check - 85486 Court Order 225.00 Wage Garnishment 85487 National Bond&Trust 2,856.67 U.S.Savings Bonds Payroll Deduclions 85488 City of Newport Beech 48.47 Water Use 85489 North American Crane Bureau.Inc. 2,957.15 Hydraulic Mobile Crane Training,Workbooks and DVDs 85490 O C Tanner Recognillon Company 712.28 Employee Service Awards Program 85491 GOB Reprographics 260.86 Printing Service-MO 1126100 85492 OCEA 620.03 Dues Deduction 85493 Operation Technology Inc. 2.763.79 Computer Software-Arc Flesh 85494 Orade Corp. 9,191.71 Software Maintenance Renewal-Internet Developer Suite&Servers 85485 Peace Officers Council of CA 1.557.00 Dues Deduction.Supervisors&Professionals 86496 Pon Supply 470.22 Foul Weather Geer 85497 Primavera Syslems,Inc. 1.295.00 Training Registration 85498 Propipe 1,800.00 Sewedine Video Inspections 85499 Ramsay Corporation 439.95 Books&Publications 85500 RMC Water and Environment 1,395.00 Prolesslonal Services-241 85501 BBC Long DlslanceSouthwestem Ball 1.302.92 Telephone Services 85502 Scott Specially Genes,Inc. 68.19 Cylinder Rentals&Demurrage 85503 Sco lol Voice&Data,Inc. 2,284.79 Telephone System Maintenance 85504 SVtlRCB Accounting Office 474.00 Annual Fee-Slow,Water Permits 5.51&5-52-Newport Pump Stations 85505 Trinity Consultants,Inc. 725.00 Software Maintenance Agreement 86506 Underground Service Aled of So.Celli 1,516.80 Membership-Underground Utility Idenll cidion/Notification Service 85507 United Parcel Service 1,645.96 Parcel Services 85608 United Way 60.00 Employee Contributions 85509 Verizon Calllomla 79.64 Telephone Services 86510 Vocem USA.L.L.C. 1,271.89 Safety Videos a5511 War Milo Automation North America 180.04 Mechanical Paris&Supplies 86612 Weston Solutions,Imo 10,695.00 Outside Laboratory Services $5513 Xoox Corporation 19,498.33 Copier Leases&Managed Services 85514 Court Order 597.50 Wage Garnishment 85515 Richard Gallegos 419.59 MeetingRralning Expense Reimbursement 85516 Ruben Gomez 544.18 MeetingfTraining Expense Reimbursement 85517 David Manning 414.83 Meetirgffrelning Expanse Reimbursement 86518 Robed T.McReynolds 78.00 MeelinglTralning Expense Reimbursement 85519 George L.Robertson 115.00 MeetingRralning Expense Reimbursement 85520 David Rodriguez 125.00 MeetingRmining Expanse Reimbursement 85521 Daniel R.Tremblay 18.00 MeetingRralning Expense Reimbursement $6622 City of Fourfold Valley 2,700.00 Permit Fee 2-68 86523 City of Santa Ana 1,280.00 Permit Fee 2S8 85524 City of Anaheim 5,000.00 Permit Fee 2-68 85525 City of Fullerton 1,250.00 Permit Fee 2.68 85526 City of Garden Grove 400.00 Permit Fee 2.68 H NapNatlrEXCEL t*%22WAPSHARE0Wm1 P"RepodKo-OlClelms Pvle Ronan-1a31-06 EXHIBIT W21M Peg.9 of 10 li rsm Claims Paid From 10/16/06 W 10131/00 Warrant No. Vendor Amount Description 65527 Only of Irvine 1,300.0D Permit Fee 2-68 65528 County of Orange 43.00 Annexalion Fee-Welker'OCS0.57 55529 County of Orange 43.00 Annexallon Fee-AmoM OCSD-59 86530 International Institute for Learning 364.50 Training Registration 85531 Keye Producllviy Center 895.00 Training Registration 65532 Robert Anslow 1,223.87 Claim Settlement Total Accounts Payable-Warrants 8 24.318.Sdd.fi7 Payroll Disbursements 35115 - 35188 Employee Paychecks 5 133.161.92 Birmeeky Payroll-10122106 35189 - 35198 Employee Paychecks 3,601.56 Interim Payroll-1D/24106&1M5106 132307 - 132863 Direct Deposit Statements 1,193,026.68 Bimekly Payroll 10122/06 Total Payroll Disbursement S 1.329.790.16 Who Tranater Pavmanta OCSD Paymll Taxes B Contributions S 664.560.04 Biweekly Payroll 10122/06 US Bank 450,098.47 Series 2000 A 8 B Refunding CON October Interest Payment Total Wiro Transfer Payments S 1134.656.51 Total Claims Paid 10116106-10/31/06 S 2fi.T82.991.34 H bepdx,uhExCEL.Ela49MAPSXARETadrm Paid Repo O Nimz Pe!E RepW-163tCa EXHIBITS - fl mim Page 10 of 10 11/Kepe6 Orange County Sanitation District MINUTES STREAMLINING BOARD AND COMMITTEE FUNCTIONS WORKSHOP October 18, 2006 GpJ�t AN c� N jr = 9 c FCT'N� �Nv`Qp� ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708-7018 Minutes for Streamlining Board and Committee Functions Workshop 10/18/06 Page 2 ROLL CALL A workshop meeting of the Board of Directors of the Orange County Sanitation District was held on October 18, 2006 at 5:00 p.m., In the District's Administrative Offices. PUBLIC COMMENTS There were no public comments. Board Chair Jim Ferryman introduced Interim General Manager, Mr. Jim Ruth, who presented a proposed restructure of Board Committees, based on results of committee structure analyses, agenda reporting procedures, and delegation of authority issues. The study had been prepared at the request of the Sanitation District's Board Chair and Vice Chair to maximize the Sanitation District's efficiency and to direct focus of the Board of Directors towards establishing policy. Directors entered into discussion and staff responded to questions to clarify some of the proposed changes. Chair Ferryman requested that members reflect on the information presented, and to be prepared to discuss further at the monthly Board of Directors' meeting to be held the following week, and give staff direction to take action prior to new board members' appointments. ADJOURNMENT: The Chair declared the meeting adjourned at 6:30 p.m. Penny M. K e Secretary to the Boardf of Directors of Orange County Sanitation District e Orange County Sanitation District MINUTES BOARD MEETING October 25, 2006 OJN� SANITglT 9 c 9 C' �cl�N HE ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708-7018 Minutes for Board Meeting 10/25/06 Page 2 ROLL CALL A regular meeting of the Board of Directors of the Orange County Sanitation District was held on October 25, 2006 at 7:00 p.m., in the District's Administrative Offices. Following the Pledge of Allegiance and invocation the roll was called and the Secretary reported a quorum present as follows: ACTIVE DIRECTORS ALTERNATE DIRECTORS X James M. Ferryman, Chair Arlene Schafer X Doug Davert,Dice Chair Tony Kawashima A Steve Anderson Steve Simonian X Charles Antos Gordon Shanks X Don Bankhead Leland Wilson X Carolyn Cavecche Jon Dumitru X Alberta Christy Mike Garcia X Larry Crandall John Collin X Bill Dalton Mark Rosen X Michael Duvall Jim Winder X Norman Eckenrode Constance Underhill X Richard Freschi Bob Fauteux A Sukhee Kang Steven Choi X Phil Luebben Lydia Sondhi X Patsy Marshall Jim Dow X Darryl Miller Douglas Reinhart X Roy Moore John Beauman X Joy Neugebauer Vivian Kirkpatrick-Pilger X Ken Parker Catherine Driscoll X Tod Ridgeway Don Webb A David Shawver Brian Donahue A Harry Sidhu Bob Hernandez X Jim Silva Lou Correa A Dave Sullivan Debbie Cook X Mark Waldman Ralph Rodriguez STAFF MEMBERS PRESENT: Jim Ruth, Interim General Manager; Penny Kyle, Board Secretary; Nick Arhontes; Bob Ghirelli; Jim Herberg; Dave Ludwin; Patrick Miles; Ed Torres; Lorenzo Tyner; Lilia Kovac; Jeff Reed; Michael Gold; Bret Colson OTHERS PRESENT: Brad Hogin, General Counsel; Chris Townsend; Heather Dion; Jason Quimby; John Freshman, Eric Saperstein. Minutes for Board Meeting ' 10/25/06 Page 3 PUBLIC COMMENTS There were no public comments. REPORT OF THE CHAIR Chair Ferryman presented a resolution of commendation to Directors Duvall and Silva for their dedication and contributions to the success of the Orange County Sanitation District. Chair Ferryman reported the Santa Ana Regional Water Quality Control Board is seeking nominations for three open key positions; he also reviewed the standing committee meeting schedule, and the supplemental agenda added after the agenda mailing. Michael Gold, Legislative Affairs Liaison, introduced the State and Federal legislative team members who reviewed last year's achievements, and discussed legislative goals for next year. REPORT OF THE GENERAL MANAGER Jim Ruth, Interim General Manager, briefly reviewed his monthly report, highlighting the joint campus safety program; FAHR committee evaluating benefits meeting with Bartel; a peer review by American Society of Civil Engineers of the CIP process, to be followed by a review of HR and safety issues; and meeting with residents on Plant 2 environmental impact as a result of construction. REPORT OF THE GENERAL COUNSEL General Counsel, Brad Hogin, deferred his report to the closed session hems. RATIFICATION OF PAYMENT OF CLAIMS MOVED, SECONDED AND DULY CARRIED: Ratify payment of claims set forth on exhibits "A" and "B", attached hereto and made a part of these minutes. ALL DISTRICTS 09/15/06 09/30/06 Totals $12,594,258.37 $24,184,642.95 Director Cavecche abstained from discussion and voting on Warrant Nos. 84371, 84393, and 84396. Director Luebben abstained from discussion and voting on Warrant Nos.84432, 84345, 84287, and 84122. Director Marshall abstained from discussion and voting on Warrant No. 84593. Abstentions were pursuant to California Government Code Section 84308. Minutes for Board Meeting 10/25/06 Page 4 CONSENT CALENDAR 8. Consideration of motion to approve all agenda items appearing on the Consent Calendar not specifically removed from same, as follows: a. MOVED, SECONDED, AND DULY CARRIED: Order the minutes for the regular meeting held on September 27, 2006, to be filed and deemed approved. b. MOVED, SECONDED, AND DULY CARRIED: (1) Ratify Change Order No. 1 to Plant 1, Underground Storage Tank Rehabilitation at Cengen Building, Job No. FE05-32, with Fleming Environmental, Inc., authorizing an addition of$33,570 and 181 additional days, increasing the total contact amount to $145,030 and 231 days; and, (2)Accept Plant 1, Underground Storage Tank Rehabilitation at Cengen Building, Job No. FE0532, as complete, authorizing execution of the Notice of Completion and approving the Final Closeout Agreement with Fleming Environmental, Inc. C. MOVED, SECONDED, AND DULY CARRIED: (1) Receive and file summons and complaint re Butler v. Orange County Sanitation District, Kings County Superior Court Case No. 06CO281, regarding the Petition for Prescriptive Easement, and, (2)Authorize General Counsel to appear and defend the interests of the District. END OF CONSENT CALENDAR COMMITTEE REPORTS AND RECOMMENDED ACTIONS 9. STEERING COMMITTEE A verbal report was presented by Chair Ferryman re the October 25, 2006 meeting. Consent Calendar a. MOVED, SECONDED, AND DULY CARRIED: Order draft Steering Committee Minutes for the meeting held on September 27, 2006, to be filed. b. MOVED, SECONDED, AND DULY CARRIED: Approve a Memorandum of Understanding between the County of Orange, Orange County Water District, Santa Ana Watershed Project Authority and Riverside County Flood Control District for the protection and relocation of the SARI line, in a forth approved by General Counsel. Non-Consent Calendar No items were considered. Minutes for Board Meeting 10/25/06 Page 5 10. OPERATIONS, MAINTENANCE AND TECHNICAL SERVICES COMMITTEE (OMTS) OMTS Consent Calendar a. MOVED, SECONDED AND DULY CARRIED: Order draft Operations, Maintenance and Technical Services Committee Minutes for the regular meeting held on October 4, 2006, to be filed. b. MOVED, SECONDED, AND DULY CARRIED: Receive and file Collection facilities O&M Division— Business Practices Reinvention Effort Report dated September 2006. C. MOVED, SECONDED, AND DULY CARRIED: Approve a Consulting Services Agreement with Black&Veatch for the Ocean Outfall Booster Station (OOBS) Rehabilitation Assessment Study, Job No. J-99, for an amount not to exceed $175,002. d. MOVED, SECONDED, AND DULY CARRIED: Approve Change Order No. 1 to Purchase Order No. 102354 OB for purchase of Ferric Chloride, Specification No. C-2005-247, issued to Kemira Water Solutions, Inc., successor in interest to Kemiron Pacific, for a unit price increase of$76.20 per dry ton for ferric chloride, increasing the total price to$434.00 per dry ton plus tax for an estimated amount of$3,255,000 for the period December 1, 2006 through November 30, 2007. e. MOVED, SECONDED,AND DULY CARRIED: Receive and file the 2006, 120- inch and 78-inch Outfalls Inspection Report and 120"178" Port Book reports prepared by Undersea Graphics, dated June 20, 2006. f. MOVED, SECONDED, AND DULY CARRIED: Approve the development and implementation of a Compliance Program with the sanitary sewer system Waste Discharge Requirements (WDR) as required statewide by State Water Resources Control Board Order No. 2006-0003-DWQ issued on May 2, 2006. OMITS Non-Consent Calendar No items were considered. 11. PLANNING, DESIGN AND CONSTRUCTION COMMITTEE PDC Consent Calendar a. MOVED, SECONDED AND DULY CARRIED: Order draft Planning, Design and Construction Committee Minutes for the regular meeting held on October 5, 2006, to be filed. Minutes for Board Meeting 10/25/06 Page 6 b. MOVED, SECONDED, AND DULY CARRIED: Accept Plant No. 1, Plant Water VFD Replacement, Job No. SP-94, as complete, authorizing execution of the Notice of Completion and approving the Final Closeout Agreement with Shasta Electric, LP. C. MOVED, SECONDED, AND DULY CARRIED: (1)Approve plans, specifications, and addenda for Plant 1 HR Building Fire Lane Access& Additional Parking, Job No. FE05-17, on file at the office of the Board Secretary; (2) Receive and file bid tabulation; (3) Reject all bids for P1 HR Building Fire Lane Access&Additional Parking; and, (4)Authorize readvertising for Plant 1 HR Building Fire Lane Access&Additional Parking, Job No. FE05-17R. d. MOVED, SECONDED, AND DULY CARRIED: Ratify Change Order No. 3 to Headworks Improvements at Plant No. 2, Job No. P2-66, with J.F. Shea Construction, Inc., authorizing an addition of$416,788 and 32 calendar days, increasing the total contract amount to $193,141,700. e. MOVED, SECONDED, AND DULY CARRIED: Ratify Change Order No. 29 to Primary Clarifiers 16-31 and Related Facilities,Job No. P1-37, with Margate Construction, authorizing an addition of$67,329, increasing the total contract amount to$72,827.486. f. MOVED, SECONDED, AND DULY CARRIED: (1) Ratify Change Order No. 1 to Laboratory Rehabilitation, Job No. J-88,with Dalke& Sons Construction, Inc., authorizing an addition of$28,657 and 214 calendar days, increasing the total contract amount to $671,937: and, (2)Accept Laboratory Rehabilitation, Job No. J-88, as complete, authorizing execution of the Notice of Completion and approving the Final Closeout Agreement with Dalke & Sons Construction, Inc. g. MOVED. SECONDED, AND DULY CARRIED: (1) Ratify Change Order No. 12 to Gisler-Redhill Trunk Improvements, Reach "A", Contract No. 7-36; Orange Trunk Improvements, Contract No. 7-39; Gisler-Redhill North Trunk Improvements, Contract No. 7-41; and City of Tustin Project Nos. 6106 and 6151 with ARB, Inc., authorizing a deduction of$39,575, reducing the total contract amount to$21,963,535; (2) Ratify a Unilateral Change Order No. 13, authorizing an addition of$439,935, increasing the total contract amount to $22,403,470; and (3)Accept Gisler- Redhill Trunk Improvements, Reach "A", Contract No. 7-36; Orange Trunk Improvements, Contract No. 7-39; Gisler-Redhill North Trunk Improvements, Contract No. 7-41; and City of Tustin Project Nos. 6106 and 6151, as complete, authorizing execution of the Notice of Completion. Minutes for Board Meeting 10/25/06 Page 7 h. MOVED, SECONDED, AND DULY CARRIED: (1)Approve a budget increase of $38,235 for Supplement No. 1 to the 1999 Strategic Plan Final Program Environmental Impact Report, Job No. J40-5, for a total project budget of $946,235; and, (2)Approve Amendment No. 5 to the Professional Services Agreement with Environmental Science Associates, providing for additional environmental services for an additional amount of$5,706, increasing the total amount not to exceed $574,206. PDC Non-Consent Calendar No items were considered. 12. FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE (FAHR1 FAHR Consent Calendar a. MOVED, SECONDED AND DULY CARRIED: Order draft Finance, Administration and Human Resources Committee Minutes for the meeting held on October 11, 2006. to be filed. b. MOVED, SECONDED, AND DULY CARRIED: Approve Amendment No. 1 to the agreement with the State of California, Department of Parks and Recreation, providing for a change to the billing methodology for sewer services for Boise Chip State Beach. C. MOVED, SECONDED, AND DULY CARRIED: Authorize extension of a service contract with Public Resources Advisory Group(PRAG)for financial advisory services for an additional five-year period effective November 2006. FAHR Non-Consent Calendar No items were considered. 13. LEGISLATIVE AFFAIRS COMMITTEE Legislative Affairs Consent Calendar The meeting scheduled for October 10, 2006 was canceled. Legislative Affairs Non-Consent Calendar No items were considered. Minutes for Board Meeting 10/25/06 Page 8 14, GWR SYSTEM STEERING COMMITTEE (GWRSSC) GWRSSC Consent Calendar a. MOVED, SECONDED AND DULY CARRIED: Order Joint Groundwater Replenishment System Steering Committee Minutes for the meeting held on October 9, 2006,to be filed. GWRSSC Non-Consent Calendar No items were considered. 15. Closed session. CONVENE IN CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTIONS 54956.8 and 54956.9(b): The Board convened in closed session at 8:00 p.m. pursuant to Government Code Sections 54956.9(c), 54956.9(b), and 54956.9(a). Confidential minutes of the Closed Session held by the Board of Directors have been prepared in accordance with California Government Code Section 54957.2 and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. Directors Caveoche and Duvall left the meeting room during the discussion of Rem No. 15(a)(1). Directors Cavecche and Duvall returned to the meeting room for the discussion of Item No. 15(a)(2) and Item No. 15(a)(3). RECONVENE IN REGULAR SESSION: The Board reconvened in regular session at 8:25 p.m. 16. a. Proposal for Streamlining Board and Committee Functions Recommended Action: Provide Direction to Staff Interim General Manager, James Ruth, presented to the Board of Directors a compilation of comments on the original proposed realignment of committees, which were incorporated into a revised plan. Staff will be submitting the final streamlined committee plan for approval in November. b. MOVED, SECONDED AND DULY CARRIED: Ratify use of General Manager's emergency purchasing authority, Resolution No. OCSD 04-08, for Purchase Order No. 57613 issued to Schwing Bioset for the purchase of a Schwing Pump Hydraulic Power Pack and Controls system, for emergency replacement of the existing Hydraulic system for a total amount not to exceed $150,000 to include all services, delivery and taxes. Minutes for Board Meeting 10/25/06 Page 9 ADJOURNMENT: The Chair declared the meeting adjourned at 8:50 A " l Penny M. Kyle Board Secretary Orange County Sanitation District H:WeDt\agenea%SmM Minutes\2006 BwM Minules\102506 minutes.dac Claims Paid From 09/01/06 to 09/1S/09 Wvrent No. Vender Amount Description Accounts Payable-Warrants 84078 Black&Veatch Corporation & 292.35044 Engineering Services P1-102 8 J-77 84079 Camllo Engineers 46,949.95 Prbfea lewd Services P1-71 04080 IPMC cis Parsons 871,840.00 Engineering SeMces-Integraled ProgremlProject Management Temporary Staffing.Mail.&Supplies 84081 Kemlron Companies,Inc. 135.860.60 Fame Chloride a4082 Malcolm Pimis,Inc. 101,298.76 Professional Services 5- 0,1.2.4&1-10 64083 MOB Consulting 43,032.36 Professional Surveying Services 1-24 64084 Morgan Company 29,706.54 Installation of Brendan Winch 84085 NRG Thermal Services.LL.C. 90.453.12 Conslmclion J-79 84086 Orange County Water District 131.895.75 Green Acres Project(GAP)Water 84087 Pioneer Americas.Inc. 356.106.50 Sodium HypochlorXe M088 Poydyne,Inc. 44.213.99 Cationic Polymer MO 1l1.92 84089 Sancon Engineering,Inc. 50,155.00 ConatroclIon-Manhole Rehab.Project&Fold&Reform PVC Pipe/Rehab,of Small Die.Sewer Pipe 84090 TeRe Tech,Inc. 38,775.87 Professional SeMces 7.37 84091 Tula Rancld&lagan Fames 219.502.94 Residuals Removal MO3-29-95 84092 US Metro Group,Inc. 30,172.50 Janitorial&Floor Maintenance at Plants 1&2 84093 US Peroxide,L.L.C. 256.168.22 Odor&C000slon Central Treatment for Coll.Sys.;Hydrogen Females&Ferrous Chloride M094 KlewX Pacific Co. 332,611.30 Construction 5-51&8-52 84095 Wage Fargo Bank Mac C7300-012 36,945.70 Conslmction 5.51&5412,Retention 84096 Chicago Title Company 5,908,000.00 North County CoOectiWes Yard Project 15g4-Fired Payment 84097 American Telephone&Telegraph Corp. 217.38 Long Distance Telephone Service 84098 A W Chesfed0n 714.86 Mechanical Paris&Supplies 84099 ADTECH 282.00 Electrical Parts&Supplies 84100 Air Cleaning Solutions 33.M Freight Charges $4101 Airga6 Safety,Inc. 7.315.11 Safety Supplies 84102 Appl%d Industsal Technology 25,14 Mechanical Paris&Supplies 94103 Aquatic Bioassay and Consulting Labs,Inc. 7850 Whole EMuent Toxicity Testing 84104 Arizona Instrument 1.014.50 Instrument Repair&Maintenance SeMces U106 AT&TCalffomla/MCI 727.08 Telephone Service 84105 Amercan Telephone&Telegraph Corp. 25.46 Telephone Service 84107 American Type Culture Collection(ATCC) 83.20 Lab Paris&Supplies 84108 Awards&Trophies Company 94.55 Awards&Plaques 84109 Basic Chemical Solutions,L.L.C. 6.135.18 Sodium BlaulBte&Sodium Hydroxide 84110 Battery Specialties 185.26 Batteries 84111 Sauer Compressors 1,928.73 (2)Hose Reels w/100'How 84112 Baxter and Cicem.Inc. 668.05 Boston Vandr Boat Cover 84113 See Man Pest Control,Inc. 247.00 Pest Control 84114 Se11 Pipe&Supply Co. 55.26 Mechanlcal Pads&Supplies 84115 Brown&Caldwell 11,925.86 Professional SeMces Pt-37 84116 Bush&Associates.Inc. 15,038A0 Professional Services 741.549.5412&7-38 84117 Cal Glass,Inc. 382.77 Lab Equipment Bernice Sol IS California Relocation SeMces,Inc. 75.00 Office Files MovinglRelocallon Services 84119 CALPERLA 295.00 Training Registration 84120 Ca9rol,Inc. 1,032.41 Mechanical Pads&Supplies 84121 CEM Corporation 407.00 Lab Pads&Supplies 84122 Cingular Wireless Alrtlme 474.57 Wreless SeMces 84123 Claiming Service Canter 1,117.11 Lalh Rod $4124 Coast Fire Equipment 5.636.26 Annual Fire Extinguisher Inspection&SeMcing at PIZ.1 &2 and Pump Stations 84125 Cote Partner Instrument Co. 193.81 Lab Paris&Supplies 84126 Compliance Services,Inc. 060.00 Professional Services-DOT Pipeline fudedictional ReOew of OCSO HPDG Pipeline in Fountain Valley 94127 Compressor Components of California 1.468.09 Mechanics[Pads&Supplies U128 Computer Protection Technology.Inc. 9.882.50 Computer Batteries Maintenance Agreement H W anamAEKCELeIa XKAPSHARMIu-s PaN ReacneGeMlsa.Pea Rewn-0&15d6 EXHIBIT A fn,2110c Page 1 of 6 1WIM006 Claims Paid From 09101MG to 09ilWO6 Wemnt No. Vendor Amount Description 64129 Consolidated Elect Distributors.Inc. 640.38 Electrical Paris&Supplies 84130 Consumers Pipe&Supply Co. 175.46 Plumbing Paris&Supplies 84131 Corporate Business Interiors 3.140.91 Miscellaneous Office Furniture M132 Corporate Express l'M6.n Office Supplies MiM County Wholesale Electric Co. MS7 Electrical Pads&Supplies U134 CWEA Membership 100.00 Membership(Calif.Water Environment Ass6c.) 114135 Oielerirh-Post M.41 Hardliners M136 Capper Tire Co. 1.233.47 Truck Then M137 David's Time Minden 4,15D.O1) Tree Meinl.Service SHIM Devise Technical Products 39D.55 Repair&Maintenance Serrdces-Slide Gale at Plant 2 Water Junction Box M139 Dezunk Water Commit 1,829.6D Mectmnical Parts&Supplies M140 Cunn Edwards Corpomtlon 71.76 Paint Supplies M141 E.Sam Jones Distributors,Inc. 452.97 Electrical Parts&Supplies 64142 Earth Tech.Inc. 0.657.65 Professional Servses 348 $4143 Electrical Reliability Servces 2.3W.OD Professional Services Electrical Reliability Testing far Capital Projects 541" Enchanter,Inc. 7,700.00 Ocean Monitoring&Oufall Inspection&Maintenance 54145 ENS Resources.Inc. 10,000.00 Professional Services-Legislative Advocate 54146 Entech Instruments,Inc. 2,018.76 Lab Paris&Supplies M147 EmMure Water Solutions,Inc. 142.23 Mechanical Parts&Supplies 84148 Fisher Sclenlific Company.L.L.C. 7.432.38 Lab Parts&Supplies 84149 Fitch,Inc 3,000.00 Annual Sumit ence Fee for Series 2000 A&B Certificates of Participation 0841-06 to 07-3147 M150 Fla Systems,Inc. 576.79 Pump Parts&Supplies 84151 Foodcra8 Coffee&Refreshment SeMces 257.25 Meeting Supplies M152 Forestry Suppliers 109.31 Lab Pads It Supplies 84153 Fountain Va0ey Pains,Inc. 317.54 Pam Supplies 84154 GamB Callahan Company 8,222.00 Chemicals 84155 GBC(General Binding Corp) 69.24 Stationery&Office Supplies 84156 Giedich-Milche&Inc. 1.400.00 Freight Charges 84167 Golden State Water Company 101.40 Water Use 84158 Gdmstad.Inc. 1.252.23 Instrument Parts&Supplies 84159 Hach On Penton Indusirss 8D2.41 Lab Pars&Supplies 84160 Harold Primrose ice 140.00 Ice For Samples 84161 HCR Emuneering,Inc. 3,481.00 Professional Seri ces P2-62 84162 HewleO Pactmnd Company 2.081.73 (3)HP LJ3390 Printed; $4163 Hit Brothers 4.135.01 Chemicals-Odor&Corrosion Control-Newport TrunklMe 84164 Home Dap rl 1.670.67 Misc.Repair&Maintenance Material 64165 Industrial Distribution Group 2.020.70 Mechanical Pads,Supplies&Looks 84166 Industrial Metal Supply 6.44 Metal 84167 Industrial Threaded Products,Inc. 2,434.88 Inventory Fasteners M168 Inland Petroleum Equipment and Repair.Inc. 1,857.00 Repair&Maintenance Seri-UST Testing 84169 Irvine Pipe&Supply 105.25 Plumbing Pads&Supplies 84170 Jays Catering 1.945.83 Meeting Expenses 54171 JMH Consulting 3.000.00 OnSBe Training-Hiring Tap Talent/Legal Issues M172 Johnstone Supply M.01 Electrical Paris&Supplies 84173 Klelntelder.Inc. 12,454.75 Solis.Concrete&Other Materials Testing-P2-M&J-77 M174 Konnle Kim Fine Ad Sli Picture&Award Framing SeMces M175 Lea&Ra,Inc. 5.214.76 Professional Services P247-3 M176 Liquid Handling Systems 967.62 Pumping Supplies 841" Lorman Education Sendoes 179.DO Training Registration Min Lusbe-Cal 1.868.98 OCSD Waseshauler Track Decals Min M.J.Schiff me!Associates,Inc. ILA87.50 Prof.Serve.-Inspection of Cutting,Current Testing,&Baker Fares Main Corrosion Evaluation 84180 Maintenance Products,Inc. 5,333.63 Mechanical Pads&Supplies X WpNfdIXCEL4u�22gaP5W1RE1Cbvne Pen Wp041WOTClavm Pad aepan-eP15Oa EXHIBIT A c,a1pk Page 2 of 6 1mws o Claims Paid From MM V08 to 09115MG , Wartanl No. Vander Annual Dnetlp0on U181 Maintenance Technology Corp. 923.42 Mechanical Pans&Supplies 84182 Mandic Molars 145.00 Towing Services 84183 McMaster Carr Supply Co. 1,018.46 Mechanical Pads&Supplies Was Mid West Associates 322.48 Freight Charges $4185 Midway Mfg.&Machining Co. 1.519.28 Repair&Reconditioning of High Presmm Cylinders MIN Motion Industries,Inc. 4.715.26 Instrument Pals&Supplies 64187 National Technology Transfer,Inc.. 8,WS.00 OnSBe Training-Nallonal Electrical Code $4188 NAFA.Inc. 435.00 Membership U189 National Plant Services.Inc. 460.00 Vacuum Truck Services MIN Nazdar Wesl 124.91 Computer SoftwareMaNware "lot Neal Supply Co. 1.338.10 Plumbing Supplies U192 Newark Electrodes 432.40 Electrical Parts&Supplies U193 Nextel Communications 885.48 Cellular Phones&Air Time 84194 Mckey Petroleum Co..Inn 1.337.66 Hydraulic Oil 64195 Ninyo&Moore Corporate Accounting 150.00 Professional Services-Soils.Concrete&Other Materials Testing-Pt-37 U196 The Norco Companies 362.88 Mail Delivery Service M197 Nu Way Laser Engraving 196.15 Asset Tags 84198 Office Depot Business Services Division 2.806.38 Office Supplies 841H OMRON IDM Commit,Inc. 3,255.00 Instrument Repair&Maintenance Services 842M Onesource Distributors,Inc. 3,380.48 Electrical Pans&Supplies 84201 Orange County Hose Company 99.00 Hydraulic Hose Supplies&Pans 84202 Orange County Vector Control District 327.52 Pest Control 84203 Orange Fluid System Technologies.Inc. 135.32 Plumbing Pans&Supplies 64204 Oxygen Servce Company 3.457.16 tab Paris&Supplies 84205 Pacific Mechanical Supply 127.63 Plumbing Supplies 84208 PBS&J 925.00 Professional Services 241 84207 PCO Industries 700.00 Pump Repabs 84208 PCS Express.Inc. 272.93 Counter Serves U209 Prexalr,Inc. 73.04 Lab Pads&Supplies 84210 Primary Source Office Furnishings,Inc. 4.071.87 Office Furniture&Min.Equipment 04211 Prinlerguy, 3.309.12 Printer Maintenance 84212 PropiPe 6.735.75 Sawerme Cleaning-City of Tustin&Unlnarporakd County Properly 84213 Prudential Overall Supply 2,928.34 Unit ..&Related Adidas U214 R L Abboft&Associates 3.000.00 &em County Biasolids Consulting Services $4215 RBF Consulting W.11R.23 Engideering Services 2.24.1 U216 R.F.MacDonald Cc 8,495.00 Repair&Maintenance Services-Cleaver Brooks Boller M217 RMS Engineering&Design,Inc. 7.115.00 Engrg.Sure.-Eva].of North Co.MainL Yard;Pump Room Fir.Drains at Digesters R&S;&Concrete Rix. 84218 RS Hughes Co.,Inc 140.98 Paint Supplies 84219 Rutland Tool&Supply 929.75 Mechanisl Paris&Tools 84220 Schenck Trebel 136.87 Mechanical Pane&Supplies 84221 Schneider Automation.Inc. 2,891.56 Compiler Maintenance 84222 Science Applications Intemaflonal 6,103.84 Ocean Mandodng MO M-94 84223 Sea Bird Elechonis,Inc 699.00 Lab Instrument Maintenance&Calibration Services 84224 SETAC 532.00 Meeting Registration-Division 620 84225 Shamrock Supply Co.,Inc, 1,141.93 Mechanical Pads&Supplies 84226 Shureluck Sales&Engineering 404.92 Mechanical Pads&Supplies 84227 Sigma Aldrich,Inc. 5,763.03 Lab Pas&Supplies t14228 Skater.Inc. 1,754.73 Lab Pens&Supplies $4220 Software House International 15,120.00 Software Maintenance&Support-Galaxy 94230 Southern California Edison UO2.26 Power 84231 Southern California Trans Service 3.706.46 Compressor M232 Southwest Concrete 403.16 Concrete H:ddWx MnELdW4 PSX 1Acbw,3 Pau Rvr m05DTC!x—P84 Rvpon-0 'Sons IXHIBITA fmgtph Page 3 of 6 rarermw Chime Paid From 09101106 to 0911511110 Warrant N. Vendor Amount Description 942M Sperling header ante.Inc. 3,746.88 Magnetic Flaw Meter 842M Specialized Environmental.Inc. 4.805.00 Environmental Abatement Services 84235 Summit Steel W.90 Metal U236 Sunset Industrial Pads 246.06 Mechanical Pads&Supplies 84237 Systems Solution Company 406.06 Repalm&Maintenance Services-Access Ccr1roYCCTV Security System U235 Thermo Electron North America,L.L.C. 1,230.00 Lab Parts&Supplies 94239 Thompson industrial Supply,Inc. 1.348.91 Mechanical Parts&Supplies $4240 TMV Systems Engneerng.Inc. 1,625.00 Software Maintenance-SCADA 84241 Tonrs Lack It Safe Service&Saks 9D.20 Locks&Keys 84242 Transcal 4,292.77 Instrument Supplies 84243 TO-State Seminar On4he-River 180.110 Tmlaing Registration 54244 Tnrck&Auto Supply,Inc. 1.840.98 Automolhro Pads&Supplies 84246 Tuslin Unified School District 109.00 Meeting Expenses-Room Rental Re Tustin Annexation 94246 UC Regents 5,075.45 Professional Services-Strategic Process Study Research Proled M247 UC Regents 125.00 Training Registration 84248 Ultra Scientific 264.28 Lab Paris&Supplies 114249 United Parcel Service 43.78 Parcel Services 84260 United Pumping Service 1.089.63 Pumping Service 84251 United Rentals.Inc. 266.09 Striping Paint U252 Vermon California 78996 Telephone Services 84253 Vision Communications Co. 2.208.83 Mobile Radios It Gallery Supplies 84254 V L Systems.Inc. 877,50 Professional Services-NeMork Supped 84255 Vortex Corp. 500U0 Repair&Maintenance Services-Engineering Trager Blue Gale $4256 V WR Scientific Products 2.667.10 Lab Pads&Supplies 84257 Wadsib Automation North America 3710.35 LSVS Spark Plugs 84255 Waste Sanitary Supply 571.57 Janitorial Supplies M259 WEF 288.00 Membership-Water Environment Federation M260 WEFTEC 2,D25.00 Training Registration M261 Weal Lite Supply Company,Inc. 275.68 Elechical Pads&Supplies 84262 Western Slates Cont ols 1,219.41 Instrument Pads&Supplies 84263 Weston Solutions,Inc, 14,055.00 Outside Laboratory Services-Cora Ocean Manllodng Program M264 Wright Way Developments 320.00 InsimmeM Repair&Maintenance Services 64265 Yale/Chase Materials Handling,Inc. 10.85 Electric Cad Pads 84266 3D Instruments L.L.C. 951.65 Instrument Parts&Supplies M267 Michael J.Barrett 1,013M Meeting/Training Expense Reimbursement 84268 Klmbedy R.Forman 28.00 MeefingRmining Expense Reimbursement U269 Michael 1.Gold 161.32 Mee0ngRralning Expense Reimbursement 84270 Ingrid G.Hellebrad 65.88 Meating/Tramng Expanse Reimbursement 54271 Larry J.Jonas 53.00 Meeangnmining Expense Reimbusement 84272 Umesh N.Muthy 150.00 Meetingffraining Expanse Reimbursement 84273 Setal Patel 225.00 MeetingtTraining Expense Reimbursement 54274 Doug Rulison 178.13 Meelingfrmining Expense Reimbursement 84275 Duane T.Smith 55.00 Meeling/7raintng Expense Reimbursement 84276 Plane Wong 125.00 MeegrlgRrainice Expense Reimbusement 84277 Orange County Sanitation District 8.661.76 Workers Camp.Relmb. 84278 James W.Silva 1,064.71 Meelingfrratning Expense Reimbursement 84279 American Express 31,881.90 Purchasing Card Program,Misc.Supplies&Services $4280 Jamison Engineering Conlractom,Inc. 31.359.39 Professional Services SP468-1 84281 Lee&Ro,Inc 181,418.20 Professional Services 549 84282 Sane n Engineering,Inc. 32,055.00 Construction-Manhole Rehab.Protect&Fold&Rate=PVC Pipe/Rehab.of Small Dim.Sewer Pipe $4283 SO C8I Gas Company 33,347.09 Natural Gas 84284 ARB,Inc. 64.108.85 Constmdion 741 XWe ..EXCEL... MPS.REICM—P.W ReromlroaMlahna Pnid Report-Oolt EXHIBIJA fvv2104, Page 4 of 6 'ansre b Claims Paid From 09/0110/1 to 09118me Warrant No. Vendor Amount Description 84285 American Airlines 1.502.50 Travel Services 84206 APWA 139.00 Publication 84287 Arch Wreless Operating Company.Inc. 978.52 Wireless Services 84288 ASIS 437.00 Pubticallon 84269 AT&T Universal Bi0er 2.818.09 Telephone Service 84290 AT&T Callf.mtalMCI 328.63 Telephone Service 64291 AWMJA 585.00 Training Reglenatlon U292 Back Chemical Solutions.L.L.C. 2.979.43 Sodium Hydroxide U293 California Dept.of Child Support 98.62 Wage Garnishment U294 Compressor Components of California 19.329.40 SVS Pilot Fuel Valves U295 CSI Computational Systems 4,777.00 Maintenance Agreement-Inslmment Vibration Analyzers 84288 D.R.McNally&Associates 1.090.00 Traveling Regulation 84297 Del Mar Analytical 2.122.00 Analysis of Sweeties 84288 OLT Solutions,Inc. 8.813.95 Network Licenses&Web Support-MAP 2007&RASTER Design 2007 04299 Ecology Control Industries 19,870.18 Hazardous Waste Disposal 843M EMED 1.513.07 High Security Barriers 84301 Employee Benefits Specialists.Inc. 10,535.15 Reimbursed Prepaid Employee Medical&Dependent Care 04302 Employment Development Dept, 0,310.O0 Slate Unemployment Tax U303 Count Order 420.00 Wage Garnishment 04304 FEDEX Corporation 205.84 Freight Servers 84305 Franchise Tax Board 173.34 Wage Garnishment 84306 Gorky Associates.Inc. 646.45 Investigation Services 64307 HI Standard Automotive 1.517.57 Automotive Peter&Supplies 84300 Hill Brothers 6,526.80 Chemicals-Odor&Corrosion Control-Newport Trunkllne 84309 Internal Revenue Service 125.00 Wage Garnishment $4310 Intl.Union of Oper.Eng.AFL CIO Local 501 4,494.60 Dues Deduction 94311 Lance Sell and Lunglwrd 22,681.26 Professional Services-Inlemal Auditors 84312 Liebe"Cassidy 63.00 Professional Service-Human Resources 94313 Count Order 150.00 Wage Garnishment M14 McMaster Can Supply Co. 47.83 Mechanical Paris&Supplies 84315 Court Order 225.00 Wage Garnishment 84316 National Bond&Trust 2,756.67 U.S.Savings Bonds Payroll Deduchone 84317 OCEA 820.03 Dues Deduction $4318 Pea.Officers Council of CA 1.548,00 Dues Deduction,Supervisors&Professionals 84310 Pioneer Amarles.,Inc. 3.424.75 Sodium Hypochlodta 84320 Pdnteguy 2,745.06 Primer Maintenance 84321 PS Jobs 99.00 helices&Ads 04322 Guinn Shepherd Machinery 586.50 Equipment Rental 54323 RS Hughes Co.,Inc. 130.74 Palnl Supplies 54324 Stale of California 200.00 Fish&Game Permit-Nothicaltan of Lake or Sbeem Alteration U325 Seminar Information Service,Inc. 99.00 Training Registration 84326 Blom..Water Technologies Corp. 1,467.67 Service Agreement-DI Water Systems at Plante 1&2 $4327 SKC West,Ina 657.26 Chemicals B432B Court Order 721.50 Wage Garnishment 84329 South Coast Air Quality Management Dist. 18.843.42 Permit Fee.-Annual Emission,Operation B Misc.Fees 84330 South Coast Air Duality Management Dist, 0.08 Permit Fees-Annual Emission,Operation&Misc.Fees 84331 South Coast Air Quality Management Dist. 90.08 Permit Fees-Annual Emission,Operation B Mbc Fees U332 South Coast Air Quality Management Diet. 242.32 Permit Fees-Annual Emission,Operation&Misc.Fees U333 South Coast Air Duality Management Dist. 90.08 Permit Fees-Annual Emission,Operation&Misc.Fees 843N South Coast Air Dua0ty Management Dist. 242.32 Permit Fee.-Annual Emission,Operation&Misc,Fees 84335 South Coast err Quality Management Dist. 90.08 Permit Fees-Annual Emission,Operation&Misc.Fees 84336 South Coast Air Duality Management Dist. 3A48.80 Permit Fes.-Annual Emission,Operation&Mbc,Fees X WePHaMEXCELxa MPSHARMCWvne Pere RopoM6LTClnuns Pad Repel X-15de EXHIBIT Iinr2lo c Pape 5 of 6 Manuel Claims Paid From 09/01108 to 0911MG Wament No. Vander Amount Description 84337 South Coast Air Quality Management Dist. 90.08 Permit Fees-Annual Emission,Operation 8 Misc.Fees U338 South Coast At,Quality Management Dist. 15,411.34 PermN Fees Annual Emission,Operation a Mlso.Fees 84339 South Coast Air Quality Management Dist. 90.D8 Permit Fees-Annual Emission.Operation B Misc.Fees 84340 South Coast Air Quality Management Dist. 242.32 Permit Fees-Annual Emission.Operation a Misc.Fees 84341 Southern California Edison 3.015.72 Power 84342 The Stairwell Company 103.80 Training Supplies-CPR 84343 Systems Solution Company 425.00 Repairs&Malntenance Services-Access ConlroDCCTV Security System 84344 TCH Associates,Inc. 9.228.86 Lab Parts a Supplles 84345 T-Mobile 108.12 Wlretess Air Time 84346 Todd Painting,Inc. 3.528.00 Painting Services 84M7 Union Bank of Ca iftonia 2.203.00 Annual Administraliwo Fee for Series 2003 Certificates of Panicipalion 8434a United Parcel SeMon 29.75 Parcel Services 84349 United Slates Postal SeMce SAWN Postage 84350 United Way 60.00 Employee Contributions 84351 Vachon California 118.45 Telephone SeMcea $4352 VAR Scientific Produces 1.539.48 Lab Paris 8 Supplies 84353 Watershed Management Council 30.00 Membership 2006-07 84364 Waxie Sanilery Supply 76.48 Janitorial Supplies 84355 WEF Registration Dept. 155.00 Training Registration 843M Waal Lite Supply Company,Inc. 94.71 Electrical Pares 8 Supplies 84357 Workforce Screens,Inc. 20,000.00 Professional Services-JAN 84358 Wumbus Corporation 1,086.58 Beret,Video 64359 Court Order 597.50 Wage Gamlehment 84380 Union Bank of California 3.374.15 Construction 741,Retention 84361 Layne T.Baroldi 1,518.80 Me sIngRralning Expense Reimbursement 84362 Fell S.Camahen 715.92 Meefing/Training Expense Reimbursement 94363 Steven R.De Wilde 1.053.33 MeetingyTralning Expense Reimbursement 843M EMa Har ay 18.00 Meeting/fralmlrg Expense Reimbursement U365 Michael N.Morey 710.28 Meeting7Training Expense Reimbursement U366 Ellen Ray 614.93 MeeBnginuning Expense Reimbursement 94367 CMAA 62D.00 Training Registration U368 Disneyland Resourt-Group Tickets 2.460.00 Reimbursed Employee Achilles Total Accounts Payable-Waments 9, 8 . Pavro9 Disbursements 34745 - U752 Employee Paychecks S 2,383.52 Interim Payroll OM1120M 34753 - 349U Employee Psyclecks 137,439.83 Biweekly Payroll 09113m8 and Voided Checks U933 - 34939 Employee Paychecks 2,847.67 Interim Payroll and Voided Check OW12104-09114 11 130625 -131187 Direct Deposit Statements 1,136,903.48 Biweekly Payroll OW13106 Total Payroll Disbursements T I 79.3745 Was Transfer Payments OCSD Paymll Taxes B Contributions E 666.320.65 Biweekly Payroll 09113m6 Deutsche Bank 495,099.59 Series 2006 Certificales of Participation Augusl Interest Payment Lloyds TSP Bank plc 11,360.77 Series 2001 COPS Standby Purchase Agree.Commitment Fee(Adjustment to 05-014I8 to 0a-01-0fi Bllllogl JP Mogen Chase Bank 122.112.52 Series 1993 Refunding Certificates of Participation August Interest Payment Total Wtrs Transfer Payments 1,294,8 .53 Total Claims Paid 09101108-09115MG E12,SB4,258.37 H We~EXCEL ElaV PSMIlEmIalms Pad new,nDSLneUlms Petl HepM-aP16-0 EXHIBUA a 21. Page 6 of 6 lmlemda Claims Paul From 06116108 to 091301116 Warrant No. Venda, Amount Completion Accounts Payable-Warrants U369 Air Products&Chemicals S 25,829.07 O&M Agreement Osy.Gen.Sys.MO 84-89 84370 Blue Cross of California 404,411.84 Medical Insurance Premium 64371 Carddck Fuel Systems,Inc 26,289.73 Fuel Card Program-ObWct Vehicles&Monitoring Vessel M372 Corporate Image Maintenance,Inc 33.760.00 Custodial Services Spec.No.9899-09 84373 Duke&Sons Constructions,Inc. 83,845.00 Construction FE0546 W74 D.R.Dental 57,690.25 Dental Insurance Plan $4375 HUI Brothers 31.131.01 Chemicals-Odor&Corrosion Control-Newbod Trunkline 84376 Kaiser Foundation Health Plan 64.740.83 Medical Insurance Premium 84377 Kernm n Companies,Inc. 131,897.99 Ferric Chloride 84378 Occidental Energy Marketing,Inc. 141.070.44 Natural Gas for CenGeNCPGen U379 Orange County Water District 6,750,510.50 Joint GWRS Project J-36 843M Parsons Water&Inireslructure,Inc. 27.869.71 Professional Services J-35.1 94381 Pioneer Americas.Inc. 202.175.31 Sodium Hypochlome U382 Poydyne,Inc. 41735.92 Catiorac Polymer MO 3-H-92 84383 RBF Consulting 117X77.29 Engineering Services 747 84384 S.A.Smith 37.000.00 Claim Settlement 84385 Southern California Edison 358.090.24 Power 64386 Tula RandVMagan Farms 230.019.63 Residuals Removal MO 3.2945 M387 UBS Financial Services,Inc. 37.416.99 Remarketing Fee-2000 A&B Series Advanced Refunding COPS 84388 US Peroxide.L.L.C. 145.007.23 Odor&Corrosion Control Treatment for Coe.Sys.;Hydrogen Peroxkle&Ferrous Chloride 84389 Aroeron lntemeltonal 428,182.0 Construction 1-24 84390 Voided Check - - 84391 J F Shea Construction,Inc. 5,067,166.49 Construction P2.66 84392 Margate Construction,Inc. 338.269.00 Construction Pt-37 84393 Morrow Meadows Corp. 442,270.00 Construction P24741 84394 Voided Check - - 84395 J F Shea Construction.Inc. 299,952.06 Construction J-77 N396 Morrow Meadows Corp. 54,000.00 Conatrudbn FEW-59&FE0240 84397 J F Shea Construction,Inc. 866.279.02 Construction P2-74 84396 A W Chestemm 8,830.11 Mechanical Pads&Supplies 84399 Absolute Standards,Inc. 226.00 Lab Pads&Supplies 84400 ACCU Sludge 375.50 Lab Paris&Supplies 84401 ACR Systems,Inc. 237.11 Computer Hardware/Sofiware 84402 Aigas Safety,Ina 5,230.92 Safety Supplies 84403 Alrgas-Wesl 0.30 Demurrage M404 American Red Cross 230.00 CPR Training&Miscellaneous Supplies 84405 Amtech Elevator Services 1,400.00 Modify Elevator Metuchen.at Pala.1&2 84406 AppleOne Employment Service 7,610A6 Temporary Employment Services W07 Applied Industrial Technology 1,546.64 Mechanical Pons&Supplies 84408 Aquatic Blosystems,Inc. 265.00 Lab Pans&Supplies 54409 Archie Ivy,Inc. 4,038.00 Repaint Roadway Markings 84410 AT&T Universal Biller 275.05 Telephone Service But AT&T CaSfom dMCI 14.96 Telephone SeMce 94412 American Telephone&Telegraph Corp. 25.02 Telephona5ervice 84413 Autodesk Uniwm ylEnferyriso Event 1,485.00 Meeting Registration-DMslon 240 84414 Bask Chemical Solutions,L.L.C. 23,832.07 Sodum Blsul6le It Sodium Hydroside 84415 Battery Specialties 169.61 Batteries 84416 sea Pipe&Supply Co. 519.30 Mechanical Pena&Supplies HIEaprdn&E%CEL-du IPPSMRE1CYMa Pad Repanl64nCWms Pak Rudn-043p06 EXHIBITS 0M10,k Page 1 of 8 IWOMPA Claims Paid From 09116106 to 0913=6 Warrant No. Winter amount Description 80417 Bennett Bowen Lighthouse 3.750.97 Instrument Pads&Supplies 64416 Black&Veatch Corporation 4.979.00 Engineering Services-Seismic Assessment of North County Yard 84419 Boyle Engineering Corporation 8,431.18 Professional Services 1-24 84420 Brenntag Pacific,Inc. 11,220.44 Sodium Hypochlorlte 84421 Brown&Caldwell 1.784.59 Professional Services-Settleable Salida Investigation at Pit.2 84422 Business Publishers.Inc. 267A0 Book.&Publications 84423 Culligan Water Conditioning 3,000.92 Maintenance Agreement-Water Conditioning 54424 CA Emissions Program 5.35 Automotive Emissions Program 84425 California Filtration Sales and Service 331.97 Air Fillers 84425 California Relocation Services,too. 574.75 Office Files MovinglRelocalion Services 84427 Cameron Compression Systems 2,480.69 Mechanical Pads&Supplies 84428 Candela Corporation 133.64 Electrical Supplies 84429 Casaba Engineers 26DAO Professional Services P2.60 84430 Casual Gourmel 88.30 Meeting Expenses 54431 Charles P.Crowley Co. 9,172.76 Pump.Pump Pons&Supplies 84432 Cingular Markets Airtime 5,145.44 Wireless Service. 84433 City of Westminster 1.100.45 Water Use 84434 CMAA 85.00 Meeting Registration-Division 750 84435 Coast Fire Equipment 594.75 Fire Extinguishers 84436 Coast Plumbing 710.00 Plumbing Services 8H37 Columbia Analytical Services,Inc. 2.328.00 Analysis of Weatewalec Industrial Wastewater&Blasolids 84438 Compliance Services,Inc. 800.00 Engineering Servicaa-Inlerplent High Pressure Digester Gas Line 84439 Compressor Components of California 8.960.00 Repair&Maintenance Ssrvlces-(32)LSV6 Pilot Fuel Valves 84440 CompuCam Systems,Inc. 1.973.51 Computer Hardware/Software-Clace 84441 Canalboat Technologies 8.610.00 Software Support-NEO 8000 $4442 Consolidated Electrical Disldbuins.Inc 3.025.72 Electrical Pans&Supplies 84443 Consumers Pipe&Supply Co. 6.018.14 Plumbing Pads&Supplies 64444 Control Techniques Driven.Inc. 4.040.77 Instrument Paris&Supplies 84445 Corporate Business Interiors 232.00 Reconfiguration of Office Cubicle-Plant l Human Resources Stiff. 84448 Corporate Express 1.322.32 Office Supplies 84N7 Car1eW Engineering 747.77 Pump Pans&Supplies 84448 County of Orange Auditor Controller 065.00 Encroachment Permit 7.39 84449 CR&R,Inc. 1,675.00 Container Rentals 84450 CS-AMSCO 4,371.70 Mechanical Pads&Supplies 84451 C.S.M.F.O 272.00 Noticas&Ads 84452 Culligan of Orange County 43.16 Meant.Agreement-Con Gen Water Softener System 84453 CWEA Membership 330.00 Membership(Calif.Water Environment Assoc.) 84454 Delection Instruments Corporation 2,BDg.09 Instrument Repair&Calibration Services U455 Dunn Edwards Corporation 317.03 Point Supplies U456 E.Sam Jams Distributors,Inc. 161.42 Electrical Pads&Supplies 84457 Ecology Control Industries 7,953.64 Hazardous Waste Disposal M468 Ecology Tire,Inc. 904.00 Waste Management-Toes 34459 Electrical Reliability Services 5,107.00 Professional Services-Electrical Reliability Testing for Capital Projects U460 Employee Benefits Spedelob,Inc. 639.45 Reimbursed Prepaid Employee Medical&Dependent Care 64461 Enchanter,Inc. 3.600.00 Ocean Monitoring&Outiall Inspeclion&Maintenance 84462 Enlech Instruments.Inc. 19,846.90 Instrument Pans&Supplies 84463 Environmental Resource Center 1.347.00 Training Registration 84464 Environmental Resource Associates 1,397.94 Lab Pads&Supplies 84465 EgaChftr 2,285.16 Hydrochloric Add H WPWMEXCEI EUV]PAP IRARE1Coran Palo Parvtl106anClemx Petl Aaron-09d EXHIBIT 8 rein Page 2 of 8 larmalaip Claims Paid From 09M6/06 to 09/30MG Wament No. Vendor Amount Do...1ptlan 844M Ewing lingalion Industrial 1,847.95 Landscape Irrigation Paris&Supplies U07 Express Lena Lab 1.505.59 Safely Glasses 84468 FEDEX Corpora0on 337.50 Freight Services 84469 Ferguson Enterprises,Inc. 383.37 Verses 84470 Find American Real Estate Solution 420.00 On-Line Orange County Property Informelidn 84471 Fisher SctentlAc 4,117.34 Lab Pam&Supplies 84472 Fte Systems,Inc. 9,055.80 Pump Pan.&Supplies 54473 Forked Engineering&Surveying,Inc. 6,362.11 Sumying Services-Venous Capital Projects 84474 Franklin Covey 87.42 OMce Supplies 84475 France Profiles 422.00 Human Resources Background Checks 84470 Fred C.Gilbert Co. 1,593.52 Repair&Maintenance Services-Gas Computers, 84477 Frye Electronics 3.22 Computer SRPPIea 84478 Galls Incorporated 75.20 Safety Supplies 84479 Game Fiberglass Installers 1,315.50 Repair&Maintenance Services-Scrubber 10 Air Ducting;Leak on Caustic Line Inlets el Scrubbers 1.4 84480 George Yardley Co. 1,144.31 Electrical Pads&Supplies 84481 Goldenwest Winnow Service 3.430.00 Gloundskeeping Services 84482 Grainger,Inc. 23.45 Mechanical Pads&Supplies 84483 Graybar Electric Company 16477 Electrical Repair&Maintenance Services 84484 Guarantee Records Management 1,010.77 Off-Site Records Slarege 84485 Hach cto Person Industries 950.84 Lab Pads&Supplies 84486 Hatch&Klrk,Inc. 16,088.77 CenOen Spark Plugs&Mechanical Pods&Supplies 54487 Hewlett Packard Company 18,230.28 (50)HP Mention&Cables for Safety Related Replacements well Home Depot 1,786.38 Misc.Repair&Maintenance Materiel 84489 Hose Express,L.L.C.ribs Pidek Santa Ana 4.574.38 Mobile Hale Seduce-Replacement of Hoses on Solar Turbine Generator 04490 Hub Auto Supply 454.70 Vehicle Part.&Supplies 04491 Idexx 1,464.63 Lab Pena&Supplies 84492 Impulse 65.85 Instrument Pans&Supplies 84493 Industrial Dlatrlbudon Group 2,783.09 Mechanical Pads.Supplies,&Tools 84484 Innedine Engineering 0,016.82 Sewedine Video Inspections 84495 Inplent Sates,L.L.C. 325.69 Mechanical Pens&Supplies 84496 Intelligence Press Inc 1,610.00 Books&Publications 8"97 Imensys Systems,Inc. 801.63 Instrument Pads&Supplies 84498 IOMA,Inc. 275.00 Training Supplies 84499 Iran Mountain 100.00 Storage Fee-Bid Documents Pl-37 84500 Inhuman Parts&Seduces 1.855.44 Mechanicat Pads&Supplies 84501 ISEC,Inc. 1.376.00 Plumbing Paris&Supplies-Faucets for Lab Ran 227 84502 JG Tucker And Son,Inc. 331.73 Repair&Maintenance Services-Winch.Stationary Drum Shad,and Recmdgcatlon 84503 J.B.Bostick Company,Inc, 6,018.00 Repair&Maintenance Seduces-Asphalt at Garfield Exit Gale 8450d Jamison Engineering Contractors.Inc. 3,900.88 Repair&Maintenance Services-Pump an Baker-0Iasler Air Jumper 84505 Jaya Catering 655.21 Meeting Expenses 84508 Johnstone Supply 946.64 Electrical Pane&Supplies 84507 Kam Advance Materiels,Inc. 18,657.92 Engrg.Services-Forensic Analysis of Solid Stereget&Truck Loading Facility's Cake Transfer Pumps 84508 Kelly Paper 34.86 Paper 84509 Kfarce,Inc. 1,718.00 Temporary Employment Services $4510 Kleasl Environmental Lab 360.00 Outside Laboratory Services $4511 UN Image Apparel 1,606.93 Incident Command Veala 84512 Lawyers Title Company 750.00 Title Searches-OCSO Trunk Served, 94513 Louis Allen World.1da 15.000.00 Professional Seducer-EMT&Manager Training Program 84514 Lucci's Gourmet Foods,Inc. 94.56 Meeting Expense X WupMue EXCEL E W2MP5MRVCIksns Pest Rem,0064MIa4m Peal Rawl-OBaoh6 EXHIBIT smPMo Page 3 of 8 101162006 Claims Paid From 09116105 to 09130106 Warrant No. Vendor Amount Descriptlon 84515 Lyntle-Ordway Company.Inc. 253.75 Equipment Maintenance B Repair Services-Xemx Copier Room Paper Drill 84516 M.J.Schiff and Associates,Ina 1,040.00 professional SaWK&I-Corrosion Study 84517 Mass chasms Mutual Life Insurance 145.41 Executive Disability Plan Premium $4618 Malcolm Pirate,Inc. 20,0BB.50 Professional Services 11-26 84519 Manpower Professional 5.664.00 Temporary Employment Services 84520 Man Chior,Inc. 1.606.58 Mechanical Parts&Supplies 94621 MCCmmeter,Inc 3,365.00 Flaw Meter M22 MEMester Can Supply Co. 778.33 Mechanical Pads&Supplies 84523 MDS Consulting 4.492.80 Professional Surveying Services 1-24 84524 Medlin Controls Co. 622.58 Instrument Pads&Supplies 84525 Mesa Cons0lidated Water Distrid 34.63 Water Use 84526 Midway Mfg.&Machining Co. 19,179.50 Mechanical Pads,Supplies&Repairs U527 Motion Industries.Inc. 1.038.76 Motor&Electrical Pads 84528 Mr.Show 457.36 Mechanical Prefer&Supplies 84529 Municipal Information Systems 875.00 Meeting Registration-Division 910 8453D Neal Supply Co. 10.59 Plumbing Supplies 84531 Maine Plumbing 13721 Plumbing Pads&Supplies 84532 Nickey Petroleum Co.,Inc. 1.338.68 Hydraulic 00 84533 Ninyo&Moore Corporate Accounting 1.110.00 Professional Services-Sour.Concrete&Other Materials Testing U534 NRG Thermal Service,L.L.C. 17,268.71) Mechanical Pads&Supplies&Repairs W35 Numatic Engineering 189.85 Mechanical Pads&Supplies 84536 O C Tanner Recognition Company 1,463.44 Employee Service Awards Program M537 OCS Reprographics 10,703.64 Printing Service-MO 1/26/00 64538 Omega industrial Supply,Inc. 1,134.16 Jamorial Supplies 84539 OneSource Dislribulors,Inc. 3,604.96 Electrical Pads&Supplies 84640 Oracle Corpoation 740.50 Software Update&Support 84541 Orange Fluid System Technologies,InG 4.328.99 Plumbing Pads&Supplies 84542 ORCO Construction Supply 214.12 Marking Paint 84543 Oxygen Service Company 3.669.99 Lab Pans&Supplies 84544 Pacific Mechanical Supply 208.78 Plumbing Supplies 845" Pacific Supply 58.92 Automotive Pads&Supplies 84548 PCG luduslries 1,11)D.00 Pump Repairs&Maintenance 84W PL Hawn Company,Inc. 923.98 Electrical Pads&Supplies 84548 Platinum Advisors 5,1111D.00 Legislative Advocacy Efforts&Pamdpatian In Legislative Affairs Commmee Meetings 84549 Plumbers Depot.Inc. 948.63 Mechanical Pads&Supplies 84550 Primary Source OMce Furnishings,Inc. 3.619.32 Office Fumnure&Misc.Equipment 84551 Fropipe 9,987.31 Seweribre Cleaning for City at Tustin&Unincorporated County Property 84552 Prudential Overall Supply 155.05 Uniforms&Related Adidas U553 PS TEK,L.L.C. 1.193.27 Pump Pads&Supplies 84554 Pudic Resources Advisory Oman 6,000.00 Financed Advisory Services-June 30,2006 Quarterly Swap Valuation B Analysis Report 84555 Rainbow Disposal Co. 3,104.33 Trash Removal 8450 Ralnin Instrument Co.,Inc. 503.50 Lab Parts&Supplies 84557 Reslek Corporation 00.75 Lab Pads&Supplies 84558 R.F.MacDonald Co 39.15 Electrical Pads&Supplies 84559 Rockwell Engineering&Equlpmed Co. 3,553.52 Pump&Pump Pads&Supplies 84560 Rosemount Analylfial Unlloc 513.00 Instrument Parr&Supplies M561 RPM Electric Motors 531.21 Motor W62 RE Hughes Co.,Inc. 68.91 Paint Supplies U563 RTM Ughitng&Electronics,ft. 1,222.06 Electrical Pads&Supplies Htleg1u41E%CEL.4neV30WPbXMEM4via Pa1]RapNlafiOTGluna Ptl1 WpM-PJOpO6 EXHIBIT 6 fw11Mc Page 4 of 8 lumverrp 4 Claims Paid From 09/16106 to 091301D6 Warrant No. Vendor Amount Description 8451 Rugand Taal&Supply 140.74 Tools 84565 Safetycare.Inc. 538.74 Safety Videos 84566 Soyboll.LP 1.390.00 Lab Analyses 84567 Schenck Trebel 661.92 Instrument Parts&Supplies 84560 Scetl Specia9y Gases.Inc. W.12 Demurrage 84569 Salon Name Plate 1,061.55 Traffic Signs 84570 Shamrock Supply Co.,Inc. 960.79 Tools&CleanerlDegressers 84571 Shodridge Instruments,Inc. 1.088.56 Instrument Repair&Calibration Services Man Shunduck Sales&Engineering 776.74 Mechanical Pena&Supplies 84573 Siemens do Jensen Instrument Co. 218.98 Instrument Pads&Supplies 84574 Siemens Water Technologies Cam. 2,590.08 Serves Agreement-DI Water Systems at Plants l&2 84575 SkillPath Seminars 199.00 Training Regetrallon 54576 5m11h Pipe&Supply Inc 127.72 Landscape Irrigation Supplies 84577 South Coast Air Quality Management Dist. 242.32 Permit Fees-Annual Emission,Operation&Misc.Fees 84578 South Coast Alf Quality Management Dist. 90.08 Permit Fees-Annual Emisslon,Operation&Misc.Fees $4579 South Coast Air Quality Management Died. 154.13 Permit Fees-Annual Emission,Operation&Misc.Fees U580 South Coast Air Quality Management DIM. 336AS Permit Fees-Annual Emissten,Operation&Misc.Fees 845al Southern California Edison 25.23 Power 84582 Southern California Trans Service 1,044.35 Electrical Pads&Supplies 84503 St.Cross Sensory,Inc. 1,060.00 Otfaclomehy Testing Services 84504 Summit Steel 2.420.61 Metal 84505 Sunset Industrial Paris 882.37 Mechanical Pads&Supprrae 84586 Super Chem Corporation 369.10 Chemicals 84587 Technical Service Group.Inc. 1,381.60 SCADA System VAX Serves Agreement 84588 Terrains,International 3,659.00 Pest Control 84589 The Orange County Register 238.95 Neecee&Ads 84590 Thompson Industrial Supply,Inc. 4.221.52 Mechanical Paris&Supplies 84591 Tonys Lock&Safe Service&Sales 208,16 Locks&Keys 84592 Tortuga Pool Services 310.00 Maintenance Agreement-Weekly Cleaning of Atrium Pond 84593 Townsend Public Affairs 10,000.00 Legislative&Esecu9vo Advocate for Grant Funding 84594 Traffic Control Service,Inc. 323.25 TrafCSafety Supplies M595 Truck&Auto Supply,Inc. 192.90 Automotive Pane&Supplies 84596 Underground Service Ated of So.Calif 1.713.60 Membership-Underground U811ty ldenli8ca6oNNo88cetion Service U597 The Unlinnow Corporation 661.77 Office Supplies 64590 United Pacific Services,Inc. 17,952.51 Landacepe Maintenance at Plane 1&2 and Pump Stations 84569 United Parcel Serves, 1.137.70 Parcel Services 84600 United Slates Plastic Cam. 24.46 Lab Paris&Supplies 84601 UPS Ground Freight,Inc.. 580.50 Freight Servces 84602 US Plastic Cam. 625.01 Repair&Maintenance Materials 84603 Wilson California 79.50 Telephone Services 84604 Village Nurseries 64.95 Landscaping Supplies 84605 Vision Service Plan CA 0,814.58 Vision Service Premlum 84606 Vortex Corp. 5,720.45 Door Repairs&Installations-Various Location and,Repairs to Traffic Spikes et Front Gate 84607 V WR Scientific Products 11,697.23 Lob Paris at Supplies U608 The Wackenhut Corporation 16,653.73 Security Guards 84609 Water Environment Federation 1,890.75 Lab Perot&Supplies 8461D Waters Camomtlon 4,083.60 Lab Parts&Supplies&Training Registration 84611 Waste Sanitary Supply 644.65 Janitorial Supplies 84612 Wells,Supply Co. 775.80 Mechanical Pads&Supplies H�Eopeasd EXCEL maV2=1`31W1E C!asas Pea RepomOeanCIelms Pew Repen-09d0U6 EXHIBIT 6 n alciw Page 5 of 8 m"n.. Claims Paid From 09/16/06 to 09130106 Warrant No, Vendor Amount Description 04013 West Ule Supply Company,Inc. 6,11M.13 Electrical Pant A Supplies 84614 Nilson Supply.Inc. 1,877.67 Plumbing Parts&Supplies 84615 XEROX Corporation 534.95 Paper 64616 Yale/Ch rse Materiats Handling,Inc. 1,834.12 Electric Cart Parts 54617 Nicholas J.AMonfos 125.00 MeetingRralning Expense Reimbursement MOONS James L.Surror SnAS MeelinglTrainlrg Expense Reimbursement 84619 William D.CaS5WY 135.00 MealMglTnening Extreme Reimbursement U620 Danny L.Onion 21.00 Meeting/Training Expense Reimbursement W21 Michele Farmer 298.60 MeeOngRralnlrg Expense Reimbursement 64622 David 0.Halverson 125.00 Meeting/Training Expense Reimbursement 84623 James R.Hams 546.50 MeetingRralning Expanse Reimbursement 84624 Jamlann M.Guests 482.74 MeelinglTraming Expense Reimbursement 84626 George L.Robertson 662.95 Mess ngrlraining Expense Reimbursement 84626 Crislina J.Stanford 18.00 Meettng/Tralning Expense Reimbursement 84627 Erik D.Stratmoen 90.00 MeetinglTralning Expense Reimbursement 84628 Morris C.Yfog 125.00 Meelingffraining Expense Reimbursement 84629 Aquarium of Th.Pac6k 147.60 Reimbursable Employee Activity Expenra 84630 Matthew Cetera 1,944.33 Employee Computer Loan Program 84631 Eugene Peden 5,860.56 Clelm Settlement 84632 Joan Parker-Frey and Dell 2,400.71 Employee Computer Loan 84033 Orange County Sanitation District 871.65 Petry Cash Relmb. U634 P.G.&J.Demolition Services 1,400.00 Claim SeBlemenl 84635 Sk Speedy 1.352.92 Printing SeMce-Brochures-Drain Is Nof A Dump 64e36 Black&Ve"Corporation 140264.17 Engineering Services J-79-1 84637 City of Fountain Valley 43,28414 Water Use 04638 Ecology Control Industries 36,369.37 Hazardous Waste Disposal 94639 Margate Construction,Inc. 138.700.30 Construction J-67 84640 Mika Prllch&Sons 25,a31.00 Construction FE05-20 M641 RBF Consulting 64.306.68 Engineering Services 747 It 7.32-1 84642 Sancen Engineering,Inc. 48,610.00 ConaWctlon-Manhole Rehab.Project&Fold&Reform PVC Plpar Rehab.of Smell Dla.Sewer Pipe 94643 Tule RenchlMagan Farms 59,691d1 Residuats Removal MO 3-29.95 84644 Woodruff Spmdlln&Swan 131.485.08 legal SeMcas MO 7-26.95 84645 California Business Bank 197.382.78 Construction 1-24A.Retention U646 Halts Elecldc.Inc. 253.236A5 Consbuctlon SP-81 W47 J R Mum.Constitution 1,O37,O7a.51 Conslructlon PI-82 84648 Mike Subalo Construction Co.,Inc. 1,776A44.86 Construction 1-24A 84649 Stays P.Rados,Inc. 191.005.75 Construction 1-24 84650 Union Bank of California 31,470.72 Construction SP-81,Retention 84651 American Fidelity Assurance Company 557.40 Employee Voluntary Cancer Insurance 84652 American Red Cross 642.60 CPR Twining&Miscellaneous Supplies U653 Amtech Elevator SeMces 584.98 Elevator Repairs 84654 AT&T Universal Biller 965.25 Telephone SeMce 84655 AT&T CalifomiaNCI 2,472.28 Telephone SeMce 846M BMC Business Machines Consultants,Inc. 581.66 Repair&Maintenance SeMce and Pads-Multifunctional Printer 84657 Burke Engineering Co. 2,536.11 Electrical Pads&Supplies 84658 Coy of Huntington Beach 100.00 Citation-Discharge o1 Sediment from Pit.2 Into Brookhunst Street 84659 California Auto Collision 617.73 Repair&Maintenance SerAces-Driver Door an W395 84660 California Dept.of child Support 98.82 Wage Garnishment 84661 Casual Gourmet 126.02 Meeting Expanses HW PMe E%CELEtn@3PAPSHARBCIelms Peia RepaMeLTCWm9 Palo ROPM-0930'06 EXHIBITB ! 10ft Page 8 of 8 +onsoffm Claim Paid From 09/16106 to 09/30/06 Warrant No. Vendor Amount Description 84662 Compressor Components of California 4,620.00 Repair&Maintenance Services-(33)LSVB,Ptim Fuel Valves 84663 County of Orange-Health Care Agency 2,724.00 Underground Storage Tank,Haaadous Matters,&Stale Fees 94664 DAC(Digilal Assurance Codification) 1,600.00 Prefeselonal Services-Dissemination SeMces If Secured Site Bulletin Board Pasting 84665 DWG Associates 3,312.50 Professional Services-Review of Cryo P12M Rehabilitation Work-Cold Box"A" 84666 Employee Benefits Specialists,Inc. 10.535.16 Reimbursed Prep ild Employee Medical&Dependent Care 84667 Emilronmenlel Engineering B Contracting 2.987.50 Professional SeMces-Fat.,Oil&Grasse(FOG)Training U668 Equa-Chlor 3.154.27 Hydrochloric Acid 84669 Court Order 420.00 Wage Gamlshmenl U670 Fluid American Real Estate Solutions 450.00 On-Llne Orange County Property Information 84671 Fountain Valley Rancho Hand Wash 1.484.00 Vehicle Washing&Waxing Services 84672 Franchise Tax Board 196.95 Wage Garnisheed $4673 Golden Bell Products 3.531.00 Contractual Services-Insecticide Coating o(Manholes 84674 Gddermesl Window Service 68010 Groundskeeping Services and Window Washing Services 84675 Green Parrot 200.96 Meeting Supplies U676 HealthFax.Inc. 4.074.00 Health Fair-Employee Far Shols 84677 Home Depot 345.i2 Misc.Repair B Maintenance Material 64678 Hope He ifit AC 551.05 Publication-Wellness Newsletters 84679 Inland Petroleum Equipment and Repair.Inc. 1.771.96 Repatr&Maintenance Services-Replacement o(Veeder-Root Interelilial Sensor It Spill Bucket 84680 Internal Revenue Service 125.00 Wage Garnishment 84681 Intl.Union of Oper.Eng.AFL CIO Local 501 4.494.60 Dues Deduclion 84682 Kforce,Inc. 1.372.80 Temporary Employment Services 84683 League of Calk is China 140.00 Meeting Registration-Division 150 84684 Court Order 160.00 Wage Garnishment 84685 M.J.Schiff and Associates.Inc. 15,208.85 Temporary Employment Services 8086 Manpower Professional 2,976.00 Temporary Empteymenl Services; 84587 McMaster Can Supply Co. 230.88 Electrical Paris&Supplies 84688 Mellon Trust 22,617.03 Inveabnenl Custodian Bank-Asset AdmMlskatlan Quarterly Fee 84689 Court Order 225.00 Wage Garnishment U690 National Bond&Trust 2.756.67 U.S.Savings Bonds Payroll Deduction U691 National Fire Preteotion Association 675.0o Beaks&Publications U692 National Institute of Business Management 48.00 Books&Publications 84593 Nmyo&Moore Corporate Accounting 1,205.50 Professional Services-Sells,Concrete&Other Materiels Testing-P1.37 84694 Northern Tool&Equipment Company 2.245.83 Electrical Paris&Supplies 84695 OCS Reprographics 2,573.68 PtlMing Service-MO 1121000 84596 OCEA 620113 Dues Deduction 84697 Peace Officers Council of CA 1,648.00 Does Deduction,Superdsora&Professionals U698 Pioneer Americas,Inc. 10,237.44 Second Hypochlolite U699 Pixelpushers,Inc. 9.570.00 Professional Services-Websile Redesign(OCSD.com) 84700 Pod Supply 62.99 Monitoring Vessel Paris&Supplies-Neriesa 64701 Pre-Peitl Legal Services,Ina 861.85 Employee Voluntary Legal Service Insurance Premium 84702 Rellaslar Ufe Insurance Company 8,517.98 Voluntary Ufe,Cancer&Supplemental Shod-Term Disability Insurance U703 Red V&ng Shoes 43.10 Safety Shoes 84704 RPM Electric Motors 186.02 Mechanical Parts&Supplies 84705 RS Hughes Co.,In. 1,145.42 Paint Supplies 84708 Scoffel Voice&Data,Inc. 2,284.79 Telephone System Maintenance 84707 City of Seal Beactn Finance Dept. 309.34 Water Use 84708 Court Oder 721.50 Wage Garnishment U709 Snap-On Tools,Inc. 75.16 Tools 84710 Softchi Corp. 487.24 Software H\CopINaL,E%CELsaQ20NPSWE1Cbim9 Paid Repaftof CIBIme Paid RepmLOfsaO B EXHIBIT 'i Page 7 of 8 ldnwl0.8 Came;Paid From 09/16106 to 09/30106 1Narrartt No. Vendor Amount Description M711 Wrkle0s 2.147.14 Drinking Water/Cooler Rentals 84712 TekSystems 12.305.50 Temporary Employment Services 84713 The Orange County Register 1.438.80 Notices&Ads U714 Thme Warner Communications 51.07 Cable Services 84716 Todd Painting.Inc. 1,050.00 Painting Sendces $4716 United Panel Service 94.00 Parcel Bandana $4717 United Way SIN Employee Contributions 64718 US Peroxide.L.L.C. 13,560.12 Odor&Corrosion Comid Treatment for Coll.Sys.;Hydrogen Peroxide Is Ferrous Chloride 84719 VJEF 182.00 Membership-Water Environment Federelion NMI) West Group Wast Publishing Center 40.00 Books&Publications 84721 World At Wmk 2.040.00 Training Registration $4722 Xerox Corporation 2.250.73 Copier Leases&Managed Services U723 Court Order 597.50 Wage Gamishmenl 84T24 14100Conherence(R) 82.18 Telephone Conference Calls U725 Fleming Envnonmental.Inc. T.661.00 Construction FE0531 84726 Union Bank Of California 21.289.53 Construction 1-2 4.Retention 84727 Layne T.gamut 42020 MeelingRrainng Expense Reimbursement $4728 Michael J.Barrett 19660 MeetmgrTramrn9 Expense Reimbursement M729 Thomas M.Blanch 295,98 Meetingaraidrg Expense Reimbursement 84730 Dean M.Cannon 6300 Meeling7Tralning Expense Reimbursement NMI Wdkam D.Cassidy 35381 Mee%grtraining Expense Reimbursement M732 Arnold G.Chavez 190.00 MeelingRraining Expense Reimbursement 84733 James E.Colston 216.60 MeelingRraining Expense Reimbursement 84734 James M.Eta 64.32 MeelingRraining Expense Reimbursement 84735 Chuck M.Forman 1.087.65 Meeling/Tra nirg Expense Reimbursement 84736 Charles E.Frey 82.27 MeeBngRramilg Expense Reimbursement 84737 Richard Gallegos 663.58 MeeOngRralning Expense Reimbursement 84738 Larry Gibson 975.44 Mesting/Tralning Expense Reimbursement U739 Charles 0.McGee 21.00 Meeting7Tralring Expense Reimbursement 84740 Michael D.Moore 401.19 MeeingRraning Expense Reimbursement 84741 Samuel L.MmAuay 25.00 Meeting7mining Expellss Reimbursement 84742 Jeremy J.Saum 748.84 Meeting)Tnining Expense Reimbursement 84743 Bainbridge Group.Inc. 3,O115.00 Claim Sentiment Total Accoun%Payable-Warren% S 21.401.633.51 Payroll Disbursements 34940 - 35015 Employee Paychecks S 139.122.56 Bian eky Permit-OSM7106 35016 - 35021 Employee Paychecks 26,002.93 Interim Payrolls-922106,926106&928105 131188 - 131742 Direct Deposit Statements 1,192,886.07 Blweeky Payroll 0927106 Total Payroll Disbursements S 1.358.011.56 Wire Transfer Payments OCSO Payroll Taxes&Contributions S 687,567.67 Bimmaky Payroll 0927/O6 US Bank 657.430.21 Bad.20M A&B Refunding COP.September Internal Payment Total Wlm Transfer Payments S 1,344,997.88 Total Claims Paid 09116186-09130106 $ 24,184,642.95 H'144pe fkCEk.4M21PFxuWiE%Clxnn.Pee RepomJGaTCWma Peal Report-01J40a EXHIBIT 6-_^ rev2ime Page 8 of 8 Iwlsr& BOARD OF DIRECTORS Meetmg Date To ea.or Dlr. 11/15/06 AGENDA REPORT Item Number Item Number 8(b) Orange County Sanitation District FROM: Lorenzo Tyner, Director of Finance Originator: Michael D. White, Risk Manager SUBJECT: SUMMONS & COMPLAINT RE NGUYEN V. ORANGE COUNTY SANITATION DISTRICT. GENERAL MANAGER'S RECOMMENDATION (1) Receive and file summons and complaint re Nguyen, et al. v. Orange County Sanitation District, at al., Orange County Superior Court Case No. 06CC11453; and, (2) Authorize General Counsel to appear and defend the interests of the District. SUMMARY Please see attached memo dated November 7, 2006 from General Counsel. BUDGETIMPACT ❑ This item has been budgeted. ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) ADDITIONAL INFORMATION ALTERNATIVES CEQA FINDINGS ATTACHMENTS Memo from General Counsel. /pk Page 1 LAW OFFICES OF WOODRUFF, SPRADLIN & SMART A PROFESSIONAL CORPORATION 701 SOU-" PARKER STREET. SUITE 0000 ORANGE. CA 9I1158-47SO (714) 658-7000 MEMORANDUM TO: Board of Directors Orange County Sanitation District FROM: General Counsel DATE: November 7, 2006 RE: Summary of Complaint: Neuven Nguyen and Due Pham v. OCSD On October 27, 2006, Orange County Sanitation District ("OCSD") employees, Due Pham and Nguyen Nguyen, filed a complaint in California Superior Court against the OCSD and an OCSD employee, Karen Jackson. The causes of action pled therein are for (1) harassment based on race, national origin, and ancestry in violation of Government Code section 12940 0); (2) retahation in violation of Government Code section 12940 (h); and (3) failure to take effective remedial action in violation of Government Code section 12940(k). All causes of action are brought against OCSD and only the first two have been brought against Ms.Jackson. Plaintiffs are seeking damages in the form of general damages, injunctive relief to prevent the retaliation from continuing, and attorneys' fees. Additionally, Plaintiffs are seeking punitive damages against Ms. Jackson. BRADLEY R. HOGIN GENERALCOUN�EL By:BARBARA RAILEANU cc: Bradley R. Hogin, General Counsel 5]1l IS.: MINUTES OF SPECIAL MEETING OF STEERING COMMITTEE RE LEGISLATIVE GOAL SETTING WORKSHOP & REGULAR STEERING COMMITTEE MEETING Orange County Sanitation District Wednesday, October 25, 2006, at 2:30 and 5:00 p.m. A special meeting of the Steering Committee for a Legislative Goal Setting Workshop and a regular Steering Committee meeting of the Orange County Sanitation District was held on Wednesday, October 25, 2006 at 2:30 p.m.and at 5:00 p.m., in the District's Administrative Office. I. 2:30 P.M.— LEGISLATIVE GOAL SETTING WORKSHOP STEERING COMMITTEE MEMBERS: STAFF PRESENT: Directors Present Jim Ruth, Interim General Manager Bob Ghirelli,Acting Assistant General Manager Jim Ferryman, Chair Michael Gold, Legislative Affairs Liaison Doug Davert, Vice Chair Tod Ridgeway, Chairman, PDC Committee Darryl Miller, Chairman, FAHR Committee OTHERS PRESENT: Eric Saperstein, ENS Resources Directors Absent: John Freshman, Freshman and Kest Steve Anderson, Past Board Chair Christopher Townsend, Townsend Public Affairs Carolyn Cavecche, Chair, OMTS Committee Heather Dion,Townsend Public Affairs Jim Silva, County Supervisor Scott Baugh, Platinum Advisors(via phone) Holly Shinstock, Platinum Advisors (1) Public Comments There were none. (2) Goal Setting Workshop Michael Gold began the session by providing a brief overview of the legislative affairs program followed by a presentation of the goals discussed earlier in the day by staff and the lobbyists. The group discussed and refined the goals, offering suggestions and additions. Goals were developed for both State and Federal levels. Mr. Gold explained that the goals and draft 2007 Legislative Platform would be presented to the Steering Committee in November. II. RECESS—4:30 p.m. Minutes of the Steering Committee Page 2 October 25, 2006 III. CONVENE AT 5:00 P.M.—STEERING COMMITTEE (1) The roll was called and a quorum declared present, as follows: STEERING COMMITTEE MEMBERS: STAFF PRESENT: Directors Present: Jim Ruth, Interim General Manager Jim Ferryman, Chair Bob Ghirelli, Acting Assistant General Manager Doug Davert, Vice Chair Nick Arhontes, Director of Regional Assets and Carolyn Cavecche, Chair, OMTS Committee Services Tod Ridgeway, Chairman, PDC Committee Jim Herberg, Director of Operations and Darryl Miller, Chairman, FAHR Committee Maintenance Jim Silva, County Supervisor Lorenzo Tyner, Director of Finance and Administrative Services Directors Absent: Norbert Gala, Information Tech Analyst III Steve Anderson, Past Board Chair Michael Gold, Legislative Affairs Liaison Simon Watson, Maintenance Manager OTHERS PRESENT: Penny Kyle, Board Secretary Bradley R. Hogin, General Counsel Don Hughes (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS There were none. (4) REPORT OF THE COMMITTEE CHAIR Chair Ferryman announced the upcoming committee meetings for November and the special FAHR Committee Benefits workshop scheduled for Thursday, October 26' at 7:00 p.m. He also advised that the Board Meeting and Steering Committee Meeting for November and December would be scheduled one week earlier due to the holiday season. (5) REPORT OF GENERAL MANAGER a. Status Report Interim General Manager Jim Ruth reviewed activities included in his October Status Report. b. Legislative Affairs Michael Gold provided a legislative update giving a brief summary of the strategic planning session that took place earlier in the day. Minutes of the Steering Committee Page 3 October 25, 2006 (6) REPORT OF GENERAL COUNSEL General Counsel Brad Hogin reported he would be providing ethics training at the Sanitation District on November 7'and 8". He also provided a brief update on Assembly Bill 573, which would limit the Sanitation District's ability to require indemnification on design professionals. (7) CONSENT CALENDAR ITEMS a. MOVED, SECONDED AND DULY CARRIED:The minutes of the September 27, 2006 Steering Committee meeting were approved as revised. END OF CONSENT CALENDAR (8) ACTION ITEMS a. MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to approve a Memorandum of Understanding between the County of Orange, Orange County Water District, Santa Ana Watershed Project Authority and Riverside County Flood Control District for the protection and relocation of the SARI line, in a form approved by General Counsel. b. MOVED, SECONDED AND DULY CARRIED:Authorize the General Manager to negotiate a Memorandum of Understanding with the city of Huntington Beach that will establish a forward plan to transfer the assets from the city of Huntington Beach to the Sanitation District on or about May 2008, in a form approved by General Counsel. C. MOVED, SECONDED AND DULY CARRIED: Authorize up to two Directors and one staff member to visit the Singapore Public Utilities Board facilities. Director Cavecche opposed. (9) INFORMATIONAL ITEMS _ a. Risk Registry Summary Jim Herberg, Director of Operations and Maintenance, reviewed the District's risk assessment process and those risks determined to be the highest. b. The Agenda Items scheduled to be reviewed by the Board's working committees in November were reviewed. C. The agenda items scheduled to be presented to the Board at the October 25, 2006 meeting were reviewed. (10) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. Minutes of the Steering Committee - Page 4 October 25, 2006 (11) MATTERS WHICH A DIRECTOR WOULD LIKE STAFF TO REPORT ON AT A SUBSEQUENT MEETING There were none. (12) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND/OR STAFF REPORT There were none. (13) CONSIDERATION OF UPCOMING MEETINGS The next Steering Committee meeting is scheduled for Wednesday, November 15, 2006 at 5 p.m. The next Board Meeting is scheduled for Wednesday, November 15, 2006 at 7 p.m. (14) CLOSED SESSION The Committee convened at 5:56 p.m. in Closed Session, pursuant to Government Code Sections 54956.9(b), 54956.9(c), 54956.9 and 54957(b)(1). Confidential Minutes of the Closed Session held by the Steering Committee have been prepared in accordance with Government Code Section 54957.2, and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. No reportable actions were taken. Agenda Item 14(a)(5) was not discussed. Director Cavecche left the meeting room during the discussion of Agenda Item No. 14(a)(1). Director Cavecche returned to the meeting room for the discussion of Agenda Item No. 14(a)(2) through 14(a)(4). (15) ADJOURNMENT The Chair declared the meeting adjourned at 6:29 p.m. Submitted gby., Penny Kyle Board Secretary HVpN el4o Gwn MV0.tl WCb927M SC 5CRRFr5 STEERING COMMITTEE Amung Date rCetl.ur DU. u/ss/o6 AGENDA REPORT Item Numhe loan Number 9( Orange County Sanitation District FROM: Robert P. Ghirelli, D.Env., Acting Assistant General Manager Originator: Michael Gold, Legislative Affairs Liaison SUBJECT: Adoption of 2007 Legislative Platform GENERAL MANAGER'S RECOMMENDATION Adopt the 2007 Legislative Platform and Goals. SUMMARY At the end of 2005, the Board adopted OCSD's first Legislative Platform to guide staff and the lobbying team in their efforts to promote the District's interests in Sacramento and Washington, D.C. The Board intended the Legislative Platform to be a dynamic document(updated annually) that guides staffs actions on a number of policy issues. For 2007, the Legislative Platform has been updated to include the goals recommended by members of the Steering Committee at the October 25 Legislative Strategic Planning session. These goals, in addition to the policy statements, will guide the legislative affairs team in 2007. The policy statements within the Platform have not been changed or updated. In August 2006, the Steering Committee adopted a set of procedures for taking positions on bills. These procedures are also included in the 2007 Platform. The updated Platform is a more comprehensive document encompassing the major focus areas of the legislative program. PRIOR COMMITTEEIBOARD ACTIONS The Board adopted the Legislative Platform in December 2005 with an update (adding procedures for taking positions on bills) adopted in August 2006. PROJECTICONTRACT COST SUMMARY N/A BUDGETIMPACT ❑ This item has been budgeted. (Line item) ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ® Not applicable (information item) H.u.quamea�e nq.oan nwm.uaas e®m,ymm n.w�."+asw.,,,Ne1.xw ae i.p vmm,,,.ea Page 1 ADDITIONAL INFORMATION N/A ALTERNATIVES N/A CEQA FINDINGS NIA ATTACHMENTS 2007 Legislative Platform n eegWmd`�a M��wsnaos maa M�nmmsiiosvrom 5�ei�os•ey amammc Page 2 Orange County Sanitation District 2007 Legislative Platform -Am leasebckhidcbebwf Nties Le isf MTTAngftb I dCdd. �ted�hx®Tre&YwNt9r� � Collaborate - . �• N 1 oFCr,NY iMk EMY•'+o Orange county sanitation District 2007 Legislative Pladom Legislative Affairs Team OCSD Staff Michael Gold (714)593-7529 mgold@ocsd.com Legislative Affairs Liaison Robert Ghirelli (714) 593-7400 rghirelli@ocsd.com Interim Assistant General Manager James D. Ruth (714) 593-7110 jruth@oced.som Interim General Manager Federal Lobbying Team Eric Sapirstein (202)486-3755 esap(iidj ENS Resources ensresources.com John Freshman (202)274-2850 john.freshman@ Troutman Sanders Public Affairs troutmansanders.com Sacramento Lobbying Team Platinum Advisors Scott Baugh (949)794-7260 scottbaugh@aol.com Holly Frumeni-Shinstodc (916)443-8891 hcf@ latinumadvisors.com Townsend Public Affairs Christopher Townsend (949)399-9050 ctownsend@ TownsendPA.com Sean Fitzgerald (949)399-9050 sfitzgerald@ TownsendPA.com Heather Dion (940)39"050 hdion@ TownsendPA.com 2 Onginally Adopted December,2005 Revised August,2006 Orange County Sanitation District 2007 Legislative Platform j Introduction The Orange County Sanitation District(OCSD) recognizes the need for an active State and Federal legislative advocacy program to ensure the interests of the ratepayer and Board of Directors are protected. Towards that end, the legislative affairs team monitors activities in Sacrament and Washington, D.C. and takes appropriate action in support or opposition of legislative initiatives. Each year,the Board of Directors adopts a Legislative Platform, which is a summary of goals, key issues and OCSD's policy position. The following legislative policies have been developed by OCSD staff and legislative advocates in consideration of OCSD service area cities'and policy needs. These Board-approved policies serve as OCSD's official positions of support or opposition on issues of importance to the agency. The Legislative Platform is a dynamic document, adopted annually and changing to the needs of the Board. The legislative affairs team, in conjunction with the Board, may take appropriate action consistent with the Legislative Platform, including, but not limited to, drafting letters, lobbying legislators and staff and crafting bills. Procedure for Taking Positions on Bills 1. Staff will track bills of greatest interest to the District, particularly those that fall within the goals and objectives identified by the Board of Directors. Staff will monitor bills being watched by similar agencies in Orange County (OCWD, MWDOC, etc.) as well as State Agencies such as California Association of Sanitation Agencies (CASA), the California Special Districts Association (CSDA) and the Association of California Water Agencies (ACWA). 2. For those bills that are being tracked where there is clear policy direction stated in the Board-adopted Legislative Platform, staff can send letters and give direction to the lobbyists to advocate that position. 3. Where a particular issue is not urgent, all legislative letters will be hand-signed by the Chair or Vice-Chair. If a matter is urgent, staff may use the signature stamp, so long as a clear policy direction exists. 4. A summary of bills being tracked will be presented to the Steering Committee monthly. 5. When a bill does not fall within the scope of the Legislative Platform or is a politically controversial issue, staff will seek direction from the Steering Committee. 3 Originally Adopted December,2005 Revised August, 2006 Orange County Sanlalion District , 2007 Legislative Platform State and Federal Legislative Goals for 2007 r State Goals • Sponsor legislation enabling OCSD to utilize design-build specifications for projects over $10 million; • Work with Legislature to ensure maximum opportunities are available for funding through the November 2006 Bond Measures (Propositions 1E and 84, as appropriate). These efforts will be coordinated with the California Association of Sanitary Agencies (CASA); • Develop an outreach and awareness campaign to ensure a greater understanding of wastewater, infrastructure and property tax protection issues at the State, regional and local levels; • Monitor the implementation of the Global Warming Initiative (AB 32) passed in 2006 and its impacts to OCSD; • Follow efforts related to preemption of the safe land application of biosolids at State and Federal levels; • Explore programs to encourage the use of waterless urinals; and • Plan one trip with Board members to Sacramento to educate legislators about OCSD and its programs. Federal Goals • Build "coastal coalition" to discuss and authorize funding for secondary treatment and pursue linkages to a possible 2008 State Water Bond; • Continue to pursue appropriations for secondary treatment in conjunction with coalition strategy; • In partnership with other SARI partners, pursue appropriations (as needed) for realignment of the Santa Ana River Interceptor Line (SARI); • Coordinate President's Day Weekend tour of OCSD's facilities for Congressional staff, • Follow efforts related to preemption of the safe land application of biosolids at State and Federal levels; • Pursue Homeland Security funding for security-related upgrades to OCSD (in partnership with Orange County Water District); and • Plan trips with Board members to Washington, D.C. to lobby and educate legislators about OCSD and its programs. 4 Originally Adopted December,2005 Revised August,2006 Orange County Sanitation District 2007 Legislative Platform Federal and State Legislative Policies 1. Air Quality: OCSD is committed to complying with federal, state, and local air quality laws and rules. OCSD is further committed to establishing an odor policy to assure that the district is a good neighbor to the surrounding communities. Therefore, OCSD shall: a. Support air quality legislation that emphasizes the use of advance technologies and applicable market incentives, and incentives for the use of alternative fuels and the development of the infrastructure for altemative fuel vehicles. b. Support measures that maintain and enhance local decision-making authority, where appropriate, in the development and implementation of air quality attainment strategies. c. Support legislation to ensure greater consistency between the California and Federal Clean Air Acts; including the need to demonstrate cost-effective public health or environmental benefit if California elects to exceed federal standards. d. Support strategies that clearly demonstrate and provide for the most cost- effective means for meeting air quality goals. e. Support, in concept, legislation that would utilize incentives and pricing strategies as a preferred alternative to traditional command and control regulations for meeting emission reduction objectives for all sources. f. Oppose actions that preclude implementation of the Air Quality Management Plan (AQMP) to the extent that such actions could subject the basin to sanction or conformity penalties. 2. Biosolids: OCSD strives to beneficially use biosolids through multiple management options performed at reasonable costs that are protective of public health and the environment. Therefore, OCSD shall: a. Support legislation that supports the use of biosolids as on non-food production agricultural lands. b. Support policies that encourage biosolids product use by horticulture and retail consumers. _ c. Oppose legislation that bans the use of biosolids for land application in any region, county, or state. d. Support science-based legislation that establishes a state-wide regulatory system for biosolids management. 3. Grant Funding: OCSD is committed to offsetting its research, special projects and _ wastewater infrastructure project and construction costs by obtaining funding through grants and cooperative agreements. Therefore, OCSD shall: a. Support appropriations legislation, bonds, programs, and projects that provide funding for infrastructure construction and rehabilitation, special studies and research or projects relating to security, environmental education, water quality, wastewater processing, urban runoff, water conservation, and water recycling. 5 Originally Adopted December,2005 Revised August,2006 Orange County Sanitation District 2007 Legislative Platlarn r b. Support projects that provide for public benefit, over projects that are primarily intended for private benefit or gain. c. Support continued federal funding for protecting and realigning the Santa Ana River Interceptor project and for secondary treatment upgrades. d. Oppose proposals placing further requirements on grant recipients that return low value for high administrative costs. 4. Labor Relations: OCSD is committed to the exercise of and provision of orderly procedures for the administration of employer-employee relations, including, but not limited to, meeting and conferring in good faith with recognized employee organizations regarding the wages, hours of work, and other terms and conditions of employment. Therefore, OCSD shall: - a. Support measures to reform current workers compensation formulas to rely on higher thresholds for compensation or a proportionate exposure formula. b. Support health insurance reform that does not create additional financial burdens on special districts. c. Support measures to ease applicability of the Fair Labor Standards Act(FLSA) on public agencies. d. Oppose any measure imposing compulsory and binding arbitration with respect to public employees. e. Oppose any measure that imposes upon local government mandated employee benefits that are more properly decided at the local bargaining table. f. Oppose efforts reducing local control over public employee disputes and imposing regulations on an outside agency. g. Oppose any measure granting public employees the right to strike. h. Oppose a new mandatory Social Security tax for public employers and public employees. 6. Planning: OCSD ensures the long-range planning of capital improvement programs in order to deliver the highest quality facilities. Therefore, OCSD shall: a. Support reform of existing state, regional, and local planning processes only if directly linked to reforms in the current revenue and tax structure of state and local governments. b. Support measures that provide new revenues for growth management and the public facilities necessary to support expected growth. c. Support proposals encouraging regional, sub-regional or countywide cooperation in planning urban development strategies, especially those that provide funding for effective implementation of agreed upon goals. d. Oppose legislation consolidating special districts that fail to address the concerns of cities affected by the proposed consolidation. 6 Originally Adopted December,2005 Revised August,2006 Orange County Sanitation District 2007 Legislative Platform o e. Oppose measures that prevent or restrict the ability of cities or special districts to participate in the Southern California Association of Governments' (SCAG) sub- regional process. 6. Public Health: Protection of public health is OCSD's core mission. OCSD will work cooperatively with county and state health officers to assure local health protection. Therefore, OCSD shall: a. Support hazard mitigation, emergency response, planning and recovery through direct legislation, policy directives and funding toward floodplain security within the Santa Ana River watershed. b. Support(generally) measures that provide for improved public health through regulation. c. Support the protection of public health through the construction and implementation of advanced wastewater treatment technology. 7. Public Works: OCSD is committed to the achievement of effective and efficient projects that provide wastewater treatment services that benefit its ratepayers. Therefore, OCSO shall: a. Support measures that provide funding and support to publicly owned treatment works and sewerage collection systems. b. Support legislation that allows public agencies to procure goods and services in manners similar to private industry, thereby reducing overall costs of delivery. c. Support legislation that improves the Utility Underground Service Alert Program in order to improve coordination, identification, minimize damage, minimize environmental risks and minimize cost exposure to publicly owned facilities when contractors are performing sub-surface work. d. Support a comprehensive response to the State's electricity and natural gas shortages that provide a stable energy supply, respects the ability of municipalities to provide power, recognizes that infrastructure(i.e. emergency and standby generators) exists that could be employed temporarily during weak periods with minimal air quality impact and protects ratepayers (including cities and special districts)against dramatic rate increases and statewide power outages. e. Support legislation that allows OCSD to utilize the Best Value Design/Build option for the construction of public works projects. 8. Revenue and Taxation: Track pending legislation to ensure OCSD remains in compliance with the government code as it pertains to wastewater system user fees and property tax revenues and the investment of public funds. Therefore, OCSD shall: a. Support measures leading to a greater financial independence from the state and would result in greater stability and predictability in local government budgeting. b. Oppose measures that impose mandated costs for which there is no guarantee of local reimbursement or offsetting benefits. 7 Originally Adopted December,2005 Revised August,20136 Orange County Sanitation Distdd 2007 Legislative Platform c. Oppose legislation that shifts tax revenues away from local governments without the adequate provision of a constitutionally guaranteed backfill to offset the lost revenues of those local governments. d. Oppose measures that allow state retention of existing local revenue sources, including the special district share of property tax, sales tax, vehicle license fees and rate payer fees. e. Oppose the use of revenues traditionally used to fund the delivery of municipal services to fund programs for which the state is responsible, particularly the courts, health, and welfare programs. 9. Special Districts: OCSD supports the maintenance of special districts to provide specific services, in response citizen's demands, in a cost effective manner. Therefore, OCSD shall: a. Support outreach to local, regional, and state elected officials to foster a greater understanding regarding the critical relationship between adequate reserves and the successful short-and-long-tens operation of water and wastewater agencies. b. Support the work of the Association of California Water Agencies (ACWA), California Association of Sanitation Agencies(CASA), and California Special Districts Association (CSDA) in any future discussions or negotiations pertaining to the legislative and budget issues relative to preserving control of members' reserves. c. Oppose further state regulations that adversely impact special district financing and operations. d. Oppose measures that create or grant powers to sub-regional or regional bodies that would result in an infringement on clearly local concems. e. Oppose any administrative or legislative efforts to access or transfer any reserve funds held by water and wastewater districts. I. Oppose the imposition of unfunded, mandated programs on local governments. 10. Water Quality and Supply: OCSD is committed to participating collaboratively in the protection of regional water resources for the benefit of the people we serve. Therefore, OCSD shall: a. Support continued federal and state funding for the Santa Ana River Interceptor Relocation project. b. Support(generally) measures to increase water supply and improve water quality_ in the region. c. Support measures that would increase funding for water reuse technologies, including support for the Groundwater Replenishment System project by the Orange County Water District and OCSD to create new water supplies through recycling. d. Support U.S. Army Corps of Engineers projects for Orange County regarding watershed and water quality protection and sand replenishment. 8 Originally Adopted December,2005 Revised August,2006 Orange County Sanitation District 2007 Legislative Platform e. Support measures that promote and provide for the use of reclaimed water. f. Support"watershed-based" solutions, including cost-shared studies with the US Army Corps of Engineers of water quality impairments that reflect state-of-the-art science. g. Support policy development, funding, and research for addressing urban runoff and beach closures, including funding for studies that identify the sources of bacterial, viral and other contaminants and human pathogens. h. Support measures to evaluate water quality standards, as needed, to ensure the objectives are appropriately protecting the designated use. i. Support measures to develop a state-wide consistent policy for total maximum daily load (TMDL) listing and delisting. j. Support State General Fund subventions and Bond revenue to special districts for local and regional efforts that educate the public on urban runoff, which provide for long-term capital improvements (like storm drain diversions and filters), and encourage municipalities to implement Urban Runoff Best Management Practices at the local level. k. Support legislation that would retain any Regional Board fines levied against a permit violator within the Region of the fine. I. Support legislation that provides "amnesty"from administrative civil liability (ACL) fines from Regional Boards for agencies participating in comprehensive watershed studies that will, when complete, address the problem that resulted in the ACL fine. m. Support efforts, including legislation, clarifying Regional Water quality Control Board requirements that necessitate expedition of funds are unfunded mandates. n. Support measures addressing non-point source pollution in order to protect our ocean water quality and provide funding to mitigate its effects. o. Support measures for alternative energy sources. p. Support efforts to reduce the toxic and non-reusable waste load. % Support legislation and regulations that promote improved water use efficiency in construction of water efficient buildings and communities. r. Support legislation that promotes improved water use efficiency through state and federal assistance in evaluating and implementing new programs and technologies and increasing public awareness of water use efficiency. s. Support legislation that provides for groundwater management on a local level, with respect to coordination of programs, extraction and production rights, long- term protection and groundwater quality protection. t. Support legislation that provides for the development of the watershed approach, including watershed management plans and watershed based permitting. u. Oppose proposed environmental constraints on government agencies that would result in economic damage to the region while providing only minimal protections. v. Oppose efforts to make all NPDES permits the same. Requirements of other permits may be too onerous or not applicable. OCSD's permit should be tailored to the Orange County region and watershed. 9 Originally Adopted December,2005 Revised August,2006 Orange County Sanitation District I 2007 Legislative Platte" f w. Oppose the imposition of statewide/nationwide fees for environmental cleanup that is privately caused or regional in nature (e.g.,when the nexus between those responsible for environmental abuse and those required to pay for cleanup or mitigation is absent). x. Support measures supporting urban runoff studies and urban runoff reduction. y. Support Coastal Water Quality efforts to ensure that clean beach projects remain a top priority for the state, whether through negotiations on upcoming resources bonds, in setting of legislative priorities, implementation of funding programs, and in any other relevant process. 10 Originally Adopted December,2005 Revised August,2006 STEERING COMMITTEE Meeting Date To BE.or Dir. 11/15/06 11/15/06 AGENDA REPORT nevn Number Them NUmber 8(b) 9(c) Orange County Sanitation District FROM: Robert P. Ghirelli, D.Env., Acting Assistant General Manager Originator: Michael Gold, Legislative Affairs Liaison SUBJECT: Renewal of State and Federal Legislative Advocate's Contracts for 2007 GENERAL MANAGER'S RECOMMENDATION Authorize a one-year renewal to the agreements for State and Federal Advocacy services from January 1, 2007 through December 31, 2007, as follows: Sacramento Representatives Scott Baugh (currently with Platinum Advisors) $5,000 per month Townsend Public Affairs (TPA) $5,000 per month Federal Representatives Eric Sapirstein and John Freshman $10,000 per month (ENS Resources and Troutman Sanders Public Affairs) SUMMARY Last year, the Steering Committee and Board approved agreements for State and Federal Legislative Advocacy Services, granting the Steering Committee the option to renew all agreements for one additional year, at their discretion. Pending any further action from the Steering Committee, 2007 would be the last year of the"renewal option." Sometime next year, the Steering Committee will have to fully discuss all options for legislative advocacy services and give direction regarding the most appropriate course of action. In 2002, OCSD began a more aggressive approach to legislative advocacy by hiring lobbyists in both Sacramento and Washington, DC. During that time, OCSD's advocates have brought in grant funds, and lobbied on our behalf. Some of the notable accomplishments include over$4.6 million in Federal Grants, advocacy in support of District-sponsored legislation and up-to-date reporting on the changing political landscape. In the coming year, there will be significant, positive changes to the District's legislative program. In October, members of the Steering Committee participated in the first legislative strategic planning session to develop goals and objectives for 2007; and in 2006, the District created a Legislative Affairs Liaison position to have a dedicated,full-time staff person to manage the legislative and grant programs. X WepllagenEalppyJ ABenEe Pegvb40.^6BMetl ABanOo PapMa111.11—%111ntlppe1 C..M RN.[ Page 1 In addition to the goals that were developed in October 2006, the Board has also implemented the following: • Monthly reports by all legislative advocates to staff and the Board of Directors describing activities for the past and future months. All lobbyists have completed the task regularly. • Regular Legislative Affairs Committee meetings with verbal reports from the lobbyists. • Monthly updates to the Steering Committee and Board of Directors. The chart below highlights the cost and benefits of the program to date. While no grants were received in 2006, the amount in benefits continues to exceed the total costs by a factor of four. OCSD Legislative Affairs Cost/Benefit Comparison (Nov. 2002 to Dec. 2006) $5,000.000 _...... $4.6 million .................... $3.000.000 _. _._...._.............. $2.000,000 ........ _... $1.14 million $1.000,000 so Costs Grants The legislative program, based on direction given by the Steering Committee and Board, continues to evolve. With the recent addition of a full-time Legislative Affairs Liaison, and the ongoing evolution of the program, staff recommends extending the contracts for the final option year allowing the program an additional year to evolve and giving Board members ample time to evaluate the latest changes. In mid-2007, staff will be returning to the Steering Committee and Board to discuss various legislative advocacy options and conduct a thorough discussion regarding the appropriate levels of State and Federal representation for the District. H:kaplWp•YY dap WRepw•�P rdPgmoe Pa S%1109U1 %C)L brg Cwv saes 1aac Page 2 d The goals developed in October can be used by the Board and Steering Committee as an evaluation tool in making a more informed decision about legislative advocacy services. PRIOR COMMITTEE/BOARD ACTIONS • OCSD has been contracting for legislative advocacy services with Eric Sapirstein (ENS Resources) since 1998. • In 2002, The Board of Directors authorized contracting with Scott Baugh followed by an authorization to contract with Townsend Public Affairs in 2003. • Also in 2003, the Board increased the retainer paid to a ENS Resources to include the services of John Freshman in seeking Federal appropriations and grants. In December 2005, the Board approved agreements with all legislative advocates for a one-year period (from January 1, 2006 through December 31, 2006)and granted the Steering Committee the option to renew for an additional one-year period. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT ® This item has been budgeted. ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) ADDITIONAL INFORMATION N/A ALTERNATIVES N/A CEOA FINDINGS N/A ATTACHMENTS H'.Weppagende�dAgmm Repro S9 9 rd AWnE Repods�I 1 WftmMcjLEbp9 com,Ms Rms Ll Page 3 �. STEERING COMMITTEE MeetlngDafe TOBtl.CfDlr. 11/35I06 AGENDA REPORT I[em Number IOem IM 9(u Orange County Sanitation District FROM: James D. Ruth, Interim General Manager SUBJECT: REVISING RULES OF PROCEDURES RESOLUTION AND DELEGATION OF AUTHORITY RESOLUTION GENERAL MANAGER'S RECOMMENDATION (1)Adopt Resolution No. OCSD 06-25, Establishing Rules of Procedure for the Conduct of Business of the District; and, Repealing Resolution No. OCSD 04-15; and, (2) Adopt Resolution No. OCSD 06-26, Establishing Policies and Procedures for the Award of Purchase Orders and Contracts; Award of Public Works Project Contracts; Professional Services Contracts; and Delegation of Authority to Implement said Policies and Procedures; and Repealing Resolution No. OCSD 04-08. SUMMARY The two resolutions are intended to implement the recommendations for streamlining Board and Committee functions and the Board's request for changes to election of the Board ChairNice Chair. Proposed changes to the resolutions are shown in underline/strikeout format in the attached documents. PRIOR COMMITTEE/BOARD ACTIONS Resolution No. OCSD 04-08, Delegation of Authority, was adopted in March, 2004. Resolution No. OCSD 04-15, Rules of Procedure, was adopted in May 2004. PROJECT/CONTRACT COST SUMMARY N/A BUDGETIMPACT ❑ This item has been budgeted. (Line item: ) ❑ This item has been budgeted, but there are insufficient funds. ❑ This Rem has not been budgeted. ® Not applicable (information item) ADDITIONAL INFORMATION The proposed changes to the resolutions are in three main areas: • Resolution No. OCSD 06-26 (Delegation of Authority) - Section 7.01 is changed to implement changes in the authority of the standing committees. Standing Committees will now have authority to approve agreements with a value up to N,eegeo.^en9mO ft-dE Repw..ew,eagenda INV.GG)d,"P .dP,rcMue n DIA. Rdne eao� Page 1 $200,000 plus a specified contingency percentage to be managed by the General Manager. r • Resolution No. OCSD 06-25 (Rules of Procedure) — Section 1(L) is changed to implement the new Standing Committee structure and membership requirements • Resolution No. OCSD 06-25 (Rules of Procedure) — Section 1(G) is changed to amend the procedure for electing the Chair and Vice Chair of the Board of Directors. This issue was not part of the original streamlining recommendations but was raised during the workshop discussion. ALTERNATIVES N/A CEQA FINDINGS N/A ATTACHMENTS Proposed Resolution No. OCSD 06-25 Proposed Resolution No. OCSD 06-26 N A�Paeew PaP lIN%m *d)a,m wed Pm eaow eoo Rm„ a Page 2 RESOLUTION NO. OCSD 06-25 ESTABLISHING RULES OF PROCEDURE FOR THE CONDUCT OF BUSINESS OF THE DISTRICT A RESOLUTION OF THE BOARD OF DIRECTORS OF ORANGE COUNTY SANITATION DISTRICT FIXING AND ESTABLISHING RULES OF PROCEDURE FOR THE CONDUCT OF BUSINESS OF THE DISTRICT AND REPEALING RESOLUTION NO. OCSD 01--2304 15 WHEREAS it is necessary to establish rules of procedure to facilitate the orderly handling of business to come before the Orange County Sanitation District Board of Directors and Standing, Steering, Special and Ad Hoc Committees. NOW THEREFORE, the Board of Directors of the Orange County Sanitation District ("District"), DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1: Rules of Procedure. That the following rules of procedure be adopted for the conduct of business of the District: A. Regular Meetings. There shall be a regular monthly meeting of the Board of Directors of the District on the fourth Wednesday of every month at 7:00 p.m., in the Administrative Offices of the District, located at 10844 Ellis Avenue, Fountain Valley, California; provided, however, if the fourth Wednesday of the month falls upon a legal holiday, said monthly meeting shall be held on the next day thereafter, at the same time and place, unless the Board adjourns to a different date and time certain. The Board of Directors may adjourn any regular, special or adjourned special meeting to a time and place certain, as specified in the order of adjournment. B. Special Meetings. A special meeting of the Board of Directors may be called in either one of the following ways: (1) By the Chairperson of the Board of Directors; or (2) By the written request of a majority of the Steering Committee delivered to the Beard-SesretaryClerk of the Board. wsas-T-W.Plz1e4e1e:0v10104 1 4 The call or notice for special meeting shall be in writing and delivered personally or by mail at least twenty-four (24) hours before the time of such meeting, as specified in the notice. Any notice deposited in the regular mail addressed to a Director at the address he or she has on file with the Beard SecretaryClerk of the Board postage prepaid, sixty (60) hours in advance of any such meeting as specked in the notice, shall be presumed to have been delivered. The call or notice shall specify the time and place of the special meeting, a description of the business to be transacted, and copies of all pertinent written materials. Such written notice may be dispensed with as to any Director or Alternate Director who, at or prior to the time the meeting convenes, files with the Beard SesretaryQerk of the Board a written waiver of notice. Such waiver may be given by telegram. Such written notice may also be dispensed with as to any member who is actually present at the meeting at the time it convenes. The Beard-SesrefaryClerk of the Board shall diligently attempt to notify each Director personally of the time, place and purpose of said meeting, not less than twenty-four (24) hours before the time of said meeting. The call or notice shall be posted in the administrative offices' public lobby at least twenty-four (24) hours prior to the special meeting. C. Meetinqs Adioumed by Board-SesretawClerk of the Board. If at any regular, adjourned regular, special, or adjourned special meeting, there is not a quorum of Directors present, the Beard Sesre"ary Ierk of the Board may declare the meeting adjourned to a stated time and place and shall cause written notice of the adjournment to be given in the same manner as for a special meeting, unless such notice is waived as provided for in special meetings. Within twenty-four(24) hours after the time of the adjournment, a copy of the order or notice of adjournment shall be conspicuously posted on or near the door of the place where the meeting was held. D. Notices to News Media. When any local newspaper of general circulation, radio or television station requests, in writing, notices of meetings of the Board of Directors, the Beard-SesretaryClerk of the Board shall thereafter, until receipt of a notice terminating said request, deliver notices of regular, regular adjourned, and special adjourned meetings to such newspapers, radio or television stations. Delivery shall be made in the same manner as delivery is made to the Directors. E. Conduct of Meetings. (1) Procedural Rules. The procedural rules for debate and action shall be as set forth in Table 1, attached hereto and adopted herein by reference. W S-TLW:pj:#1&1 MOSn� 2 Robert's Rules of Order shall not be applicable or govern the procedures for the conduct of District business. (2) Legal Officer. In any case of ambiguity or uncertainty in the interpretation or application of these Rules to any procedure, the presiding officer may direct such question for a ruling to the Board's General Counsel, who shall be the parliamentarian of the Board. (3) Obtaining the Floor and Making Motions. Any member of the Board wishing to speak, or any member of the public wishing to address the Board, must first be recognized by the Chairperson. The Chairperson must recognize any member of the Board who seeks the floor when appropriately entitled to address the Board. Any member of the Board, including the Chairperson, may bring a matter of business properly before the Board by making a motion. Any member, including the Chairperson, except the member making the motion, may second the motion. Once a motion is seconded, it may be opened for discussion and debate, in accordance with the procedures in Subsection (4) below. (4) Rules for Discussion. Debate. and Deliberation by the Board. The procedures for consideration and action on all matters to come before the Board shall be in compliance with the terms of this Section, as follows: (a) Each item on the Agenda will be introduced in a form of a report by either Staff or Counsel. (b) Upon completion of the report, the Chairperson will allow for direct questions regarding the item, by Directors, each in turn, and in the order as selected by the Chairperson. (c) Upon completion of the question period, the Chairperson will entertain a motion and second for consideration by the Board. (d) Discussion among the Directors will follow. Each Director will be recognized to address the Board in the order selected by the Chairperson, with a five (5) minute time limit for each Member wishing to speak on the Agenda item, unless the time limit is waived by the Chairperson. There will be no interruptions of the Director who has been recognized. Attempted interruptions will be declared out-of-order, and the Board Member attempting to interrupt will be asked to remain silent until recognized. wsas-TLW.pj*1saeis:osriaua 3 a (a) As an additional courtesy to everyone, repetition of comments will be discouraged in the interest of time, and at the discretion of the Chairperson, can be declared out-of-order. (f) After each Member who wishes to speak has been recognized and completed his/her remarks, a single three (3) minute period of rebuttal will be allowed any Director, unless the time limit is waived by the Chairperson. (g) If it appears to the Chairperson that any Director is pursuing a line of questioning or commentary due to lack of preparation or prior review with the District's Staff, the Director's time will be declared to have been used up, and no further inquiry will be allowed. (h) Upon adoption of a motion on an Agenda item, there will be no further discussion of that item. (5) Decorum in Debate. All Members shall address their remarks to the Chairperson and confine them to the business then pending and subject to discussion before the Board, avoiding personalities and reflections upon anyone's motives. (6) Closing or Limiting Debate. At all times the Board shall endeavor to allow free and open debate among Members of the Board. However, in the discretion of the Chairperson, it may become necessary to close or limit debate, so that action can be taken by the Board. An order by the Chairperson closing or limiting the debate can only be set aside by a majority vote of the Board. F. Quorum. A majority of the Directors shall constitute a quorum of the Board. G. Chairperson and Vice Chairperson of the Board. A Chairperson and Vice Chairperson of the Board shall be elected by a majority vote of Directors at the regular meeting in June of each year, and will assume office July 1st. The nominations for Chairperson and Vice Chairperson shall be made at the regular Board meeting in May of each year. Any person nominated for Chairperson shall be deemed to be nominated for Vice Chairperson in the event the person is not elected as Chairperson. Thereafter, aad-the nominees shall a+ay prepare a statement setting forth their qualifications for the office soughtef Ghairpersem The statements shall be mailed to members of the Board of Directors with the Agenda and other meeting material for the June regular meeting. _ Then neYev a Rd e..t.ve fe.\fee ChaFFPBFSGA Shall he Fnade at the . Bea Fd meet n ef each yLaF and shall hn me.le immediately fn lawing the vet've Of the Gha FPFFRGR The a e.Ne.l \f.... GhaiFfierson will assume Offne I ly ist W56S-TLW.pj*160616:OW1OM4 4 The Chairperson and Vice Chairperson shall serve at the pleasure of a majority of the Directors. In the event the office of Chairperson becomes vacant due to resignation or retirement of the incumbent prior to the expiration of the regular term, the Vice Chairperson shall automatically succeed to the office of the Chairperson and shall continue to serve through the remainder of the regular term unless sooner removed by action of a majority of the Directors. In the event the office of Vice Chairperson becomes vacant prior to the expiration of the regular term, nominations and the election of a Director to serve in that capacity shall be conducted at the next regular Board meeting. The person so elected shall serve the balance of the regularly-scheduled term unless sooner removed as a result of action by a majority of the Directors. Subjeet to the provisions about serving at the pleasure of a majority of the Directers-, tThe Chairperson shall not serve more than two consecutive one-year terms for which he/she has been elected to the office of Chairperson. The Vice Chairperson shall not serve more than two consecutive one-year terms for which he/she has been elected to the office of Vice Chairperson. H. Presidina Officer. The Chairperson of the Board shall preside during meetings of the Directors. In the absence of the Chairperson, the Vice Chairperson shall preside. I. Beard-SesretawClerk of the Board and Minutes. The Board of Directors shall have a person designated to serve as Beard-SesretaryClerk of the Board. The BoardSeeretagClerk of the Board will be appointed to the position by the General Manager and shall report to the General Manager or a Department Head as designated by the General Manager. The Beard-Sesretaryy lerk of the Board will be a regular full time employee, subject to all the rules and policies applicable to all regular full time employees. The Beard Secre"Clerk of the Board shall attend all meetings of the Board of Directors, unless excused by the Chairperson, and shall prepare an accurate record of each meeting for submission to the Directors and subsequent approval at the following meeting; provided, however, that when an adjourned, special or special adjourned meeting of the Board of Directors immediately precedes a regular meeting, Minutes of said meeting shall be submitted for approval at the next meeting of the Board following said regular meeting. In the preparation of Official Minutes of a meeting of the Board of Directors, the Beard-SesretaryClerk of the Board will not record the name of the Director who moves or who seconds the adoption of a motion or Resolution, except the vote of any individual Director shall be recorded upon that Director's request. The Minutes will reflect the votes by name of Director when required by provisions of state law. In the absence of the Beard Secrete Clerk of the Board, a Secretary Pro Tern shall be appointed to exercise the duties of the Beard-SesretaryClerk of the Board. M&S-TLw.pj*164616:05/10/04 5 J. Regular Business to Come Before the Board of Directors. Insofar as practicable, all items of business to be taken up at a regular meeting of the Board shall be submitted to the Board gesretagClerk of the Board, who shall include on the Agenda all such items submitted by Directors, the General Manager and General Counsel, and all formal communications. The BeardSesre"glerk of the Board shall mail to each Director a notice of such regular meetings, together with a proposed Agenda, not later than the Friday immediately preceding such regular meetings. Said Agenda, insofar as possible, shall include copies of Resolutions, except as hereafter provided, and a description of all matters to be considered, together with any pertinent written materials. Agendas shall be posted in a location freely accessible to the public not less than seventy-two (72) hours in advance of the meeting. Resolutions designated as "standard" and adopted by the Board of Directors from time to time, and approved as to forth and content, need not be included with said Agenda; provided, however, that the information completing said standard Resolutions shall be set forth on the Agenda listing, and copies of said standard Resolutions shall be on file with the Beard SesretaryClerk of the Board at the meeting time and place. Items of business not known at the time the regular Agenda is mailed as herein provided, may be considered as supplemental Agenda items; provided that all requirements of the Ralph M. Brown Act (California Government Code Sections 54950 et seg.) are satisfied. No business, except with consent of two-thirds of the Directors present(a majority of Directors present for emergency actions), and only if permitted by the Ralph M. Brown Act, not appearing on the regular or supplemental Agendas may be brought before the Board of Directors. The meeting Agenda shall provide for an opportunity for members of the public to address the Board on items on the Agenda and non-Agenda items of public interest. As determined by the Chairperson, speakers may be deferred until the specific Agenda Rem is taken for discussion, and remarks may be limited to three (3) minutes. Speakers on non-Agenda items may address only items that are within the subject matter jurisdiction of the Board of Directors. Time allotted for such presentations is limited to three (3) minutes or less. Total time allotted for all public input on each non-Agenda Rem is limited to thirty (30) minutes to one (1) hour, taking into consideration the number of persons filing a request to address the Board. However, time allotments may be waived by a majority vote of the Board. wsas-Trwpi*1aecic:o 1G/ a 6 K. Handling of Business and Voting. During the course of a Board meeting, routine matters listed on the Agenda for consideration will be referred to by Agenda Item Number only. Voting on all Resolutions shall be by roll call, except if waived by unanimous voice vote, in which event, the Chairperson may order a unanimous ballot cast in favor of the motion or Resolution under discussion. The name of each Director shall be called only once. On matters of considerable interest or on which there appears to be a controversy, the motion or Resolution shall be read by title or repeated by the Chairperson. The Chairperson shall thereafter call for discussion of the motion or Resolution, at which time any member may discuss the pending matter. Any person other than a Director present at the meeting may speak on the motion if recognized by the Chairperson. Sole discretion as to the extent of discussion outside of the membership of the Board shall rest with the Chairperson. At the close of discussion, the Chairperson may, at the Chairperson's discretion, repeat the motion or Resolution pending, and thereafter, call for a vote. The Beard-SecretaryClerk of the Board shall determine and state whether or not a motion or Resolution is adopted by roll call vote. On all other matters, the Chairperson shall determine the outcome of the voting. L. Committees. (1) Standing Committees. (a) Steering Committee: There shall be a permanent Committee designated as the Steering Committee, comprised of the Chairperson of the Board, the Vice Chairperson of the Board, the immediate Past Gha FpeFSOR of the BeaFd, the Chairperson of each of the Standing Committees, and three at-large members selected by the Chairperson of the Board. SupeFVqSGFS to assist i of activities to the Committees Rd Rearrd The Vice Chairperson of each of the three two Standing Committees shall serve as the designated Alternate, in the absence or inability to serve by any Chairperson. The Committee shall also conduct an annual performance evaluation of the General Manager and submit recommendations on his/her compensation to the -Board of Directors. The Committee shall also review the General Manager's evaluation and compensation of the executive management employees, based on established criteria, and executive management's goals and objectives for the following year. wsas-TLw:pJ:#1U6ie:oeimioa 7 The Committee shall also be authorized to assign new subjects of significant importance to the-District;to the appropriate respective-Standing Committee for study, evaluation and recommendation. The Steering Committee shall meet on the fourth Wednesday of each month at 5:00 p.m. preceding the Board's meeting, or at the call of the Chairperson of the Board of Directors. (b) Finance and Administration Committee. There shall be a permanent F naR_. dFR*R'stFati a and Human-ReseursesFinance and Administration Committee to advise the Staff and make recommendations on matters related to the financial, budgeting, administrative and personnel policies and programs of the District. The Committee shall review with the Staff the procedures for development, preparation and format of the annual budget and recommend appropriate change, and counsel the Staff during the budget process to assure the proper interpretation and implementation of the Board's policies and that the desired procedures have been followed. The responsibility for consideration and adoption of the District budget rests with the Board of Directors. The Committee is Fespen;bletashall periodically interview and recommend the selection of outside auditors. The Committee shall review the result of the annual audit of the District's accounts with representatives of the outside audit firm, including any comments received recommending improvements. The Committee shall review management's response to these comments and make appropriate recommendations for implementation. Periodically, the Committee shall recommend employment of an outside firm to audit internal control procedures to safeguard the assets of the District. The Committee shall interview and make recommendations on the employment of investment-banking firms, bond counsel, and if necessary or desired, financial advisors to be used in connection with the District's financing programs. The Committee shall periodically coordinate recommendations on personnel audits of the District's operations or segments of the operations on an as-needed basis. The Committee shall make recommendations on personnel policies and procedures, labor negotiations, insurers and coverage, procurement procedures, and such other related activities as may be needed or appropriate. WSBS-TLW.py#IM616:05/10/ 8 The Chairperson of the Board of Directors shall appoint a Committee Chairperson and a Committee Vice Chairperson for the Finance and Administration Committe Human ReseurcesFinance and Administration Committee shall be appeinted by the The Committee Chairperson and Committee Vice Chairperson shall serve at the pleasure of the Chairperson of the Board of Directors. The Finance and Administration Committee shall consist of thirteen members, as follows: (1) The Chairperson of the Board of Directors: (2)The Vice Chairperson of the Board of Directors: (3) The Committee Chair of the Finance and Administration Committee: (4) The Committee Vice Chair of the Finance and Administration Committee: and (5) Nine additional Board members appointed by the Chairperson of the Board of Directors. Other than the Board Chairperson and the Board Vice Chairperson. no Director who serves on the Engineering and Operations Committee shall be eligible to serve on the Finance and Administration Committee. The rdRaRGe. Admin6stFativp nnd 141FARR RagnureesIFInance and Administration Committee shall meet on the second Wednesday of each month at 5:00 p.m., or at the call of its Chairperson. (c) Engineering and Operations Committee. and TeGhn Sal There shall be a permanent Committee designated the Engineering and Operations, hninal °^^vine^ Committee. With the goal of compliance with all public health and environmental laws and regulations, the Engineering and Operations, MaiRtencam a noe and Tcch:::cc, Service. Committee shall review and submit appropriate recommendations on the matters pertaining to the operation of the District Treatment Works, including such matters as current and projected service/Flow needs, level and quality of treatment, conservation, recycling and reuse activities, and air quality issues. The Committee shall also review issues pertaining to the District's NPDES Ocean Outfall Discharge Permit, including annual review of the contractor(s) performing the ocean monitoring and research programs required as a condition of said permit, and related issues regarding protection of the marine waters off metropolitan Orange VMS-TLW.pj:#184616:05/10/04 9 County's coastline from impacts resulting from the District's operations and discharge of treated wastewater. The Committee shall also review matters pertaining to contractual arrangements by the District to provide sewerage services to areas outside the District's boundaries or approved spheres of influence. The Committee shall review plans for the future needs of the District, explore alternatives and make recommendations to the Board of Directors.-an-selutiens-to the Gemmittee shall regularly study, v sit and nhsppFp the,i'­F1_­­ OP—RtiORRI fidnctinn� of Blre6t9FS the fiFSt Wednesday of eaGh Fnenth at &OG p.m., OF at the Gal' of its GhaiFP8FSGA. The Planning, DesigR The Engineering and Operations Committee shall also review and submit appropriate recommendations on matters pertaining to capital projects which address operational identified lay the OpeFatiens, including the selection of professional consulting services to assist in studying, planning and designing needed District Treatment Works and support facilities, including computerized systems, in accordance with the Board's established policies and procedures for procuring such services; the Committee shall further review construction projects for said facilities in accordance with applicable public works laws and Board policies. Said oversight shall include the contracts for professional services and public works construction projects and addenda or change orders thereto. In carrying out its responsibilities, the Committee shall receive advance notice and regular status reports on the projects from Staff, and monitor, visit and observe the District Treatment Works' operational functions and major capital construction projects. The Chairperson of the Board of Directors shall appoint a Committee Chairperson and a Committee Vice Chairperson of the RaRRiRg;D-sign and Genstrur iawEngineering and Operations Committee. she" be aPP8iRted Is The Committee Chairperson and Committee Vice Chairperson shall serve at the pleasure of the Chairperson of the Board of Directors. W SBS-TLw.PI:u184616:05/1 M4 10 The Engineering and Operations Committee shall consist of fourteen members, as follows: (1) The Chairperson of the Board of Directors: (2) The Vice Chairperson of the Board of Directors: (3) The Committee Chair of the Engineering & Operations Committee: (4) The Committee Vice Chair of the Engineering and Operations Committee: and (5) Ten (10) additional Board members appointed by the Chairperson of the Board of Directors. Other than the Board Chairperson and the Board Vice Chairperson. no Director who serves on the Finance and Administration Committee shall be eligible to serve on the Engineering and Operations Committee. The Planning, Design and GGAStFUGtiewEnclineering and Operations Committee shall meet on the first Thursday of each month at 5:00 p.m., or at the call of its Chairperson. o nnnre and pnr r,.......:ttee Ass gRRieRte- The GhairpeFsaR of the Marc] shall make all Gemmittee ass glIments, and FRay appoint (2) Special and Ad Hoc Committees. In addition to the Standing Committees, the Chairperson of the Board of Directors, or the Chairperson of a Standing Committee, or a majority of the Directors, may appoint, from time to time, Special or Ad Hoc Committees to study and report on specific matters. Such Committees shall be temporary in nature, and their assignments shall pertain to a current, specific issue. Upon completion of the assigned task, the Ad Hoc or Special Committee will be dissolved. The Chairperson and Vice Chairperson of Special and Ad Hoc Committees shall be appointed by the Chairperson of the appointing authority. Each Special ander Ad Hoc Committees shall meet at the call of its Chairperson. M. Motion to Refer to a Standing Committee. Any Director at a Board meeting may move to have a policy or any other activity affecting the District, or any one of the member Agencies, referred to a Standing Committee for study and report. This motion shall be a privileged motion, and when duly seconded, discussion thereof shall w5&S-TLW.pj*184616:05/10/ 11 be limited to Directors only. Said motion shall receive an affirmative vote of a majority of the Directors for adoption. Section 2: Procedure for Consideration of Demands for Corrective Action. A. Requirement of Written Demand. Prior to any person commencing a judicial action for injunction or mandamus to declare any action taken by the Board void because of failure to observe Brown Act requirements, such person must first serve upon the BeardzSesretafyClerk of the Board a written demand describing the alleged violation and demanding corrective action. Such demand must be served upon the @Gard SesretaryClerk of the Board within thirty (30) days of the complained of action. Failure to serve any such demand within this thirty (30) day period shall result in the loss of any right to challenge any action to have been taken in violation of Sections 54953, 54954.2, or 54956 of the California Government Code. B. Consideration of Corrective Action. Upon receipt of such a demand, consideration of the demand shall immediately be placed on the Agenda for the next meeting of the Board of Directors. If the demand is received less than seventy- two (72) hours prior to the time set for the next meeting, the Board may determine that the notice constitutes the initiation of litigation, and that the need to take action on the threatened litigation arose subsequent to the posting of the Agenda, and may consider a at that meeting pursuant to Section 1(J) above. A description of any item so placed on the Agenda shall include both consideration of the demand, and the possibility of corrective action by the Board. In considering such demands, the Board shall first determine, by motion, whether corrective action should be taken. If no motion to take corrective action is carried, the Beard-SeeFetaFyClerk of the Board shall inform the demanding party in writing of the Board's decision not to cure or correct the challenged action. C. Implementing Corrective Action. If a motion to take corrective action passes, the Chairperson may entertain a motion implementing corrective action. Any motion implementing corrective action shall address the concerns raised in the consideration of corrective action. The motion implementing corrective action may include a motion to rescind prior action taken, as appropriate. Passage of a motion to rescind invalidates prior action only as of the time of the passage of the motion, and not from the date of the initial action. A motion implementing corrective action resulting from a written demand is out-of-order if the action complained of(a) was in connection with the sale or issuance of notes, bonds, or other evidences of indebtedness, or any contract, agreement, or incident thereto; or (b) gave rise to a contractual obligation upon which a party has, in good faith, detrimentally relied. In any event, the Board shall notify the party making the demand in writing of its decision to take corrective action, and shall describe any corrective action taken. This notice shall be given to the demanding party W S-TLWpI:#1M616:0511(M1 12 as soon as possible after the meeting, but in no event more than thirty (30) days after receipt of the demand. Section 3: Resolution No. OCSD 01 2304-15 is hereby repealed. Section 4: This Resolution shall become effective pen-adeptieaJanuary 1. 2007. PASSED AND ADOPTED at a regular meeting held May 26,2004November 15. 2006. Chair ATTEST: @Gard SesretaryClerk of the Board WSSS-TLWpi�180616:0&IO 4 13 TABLE 1 BOARD PROCEDURES AND ORGANIZATION SUMMARY OF MOTIONS A. PRIVILEGED MOTIONS Kind of Second Motion Require Debatabl Amendab Vote Purpose d e le Required Adjourn Yes No No Majority To end the meeting To Take a Yes No No Majority Recess To interrupt a meeting for a short time or to provide an Raise a No No No None intermission Question of Privilege To obtain action immediately in an emergency B. MAIN MOTION AND RELATED SUBSIDIARY MOTIONS Kind of Second Vote Motion Require Debatabl Amendab Required Purpose it e le Main Yes Yes Yes Majority To introduce Motion new business Yes Yes Yes Majority Amend To modify or Main after Motion Yes Yes Yes Majority a motion Substitute To replace the Motion Yes No No Majority main motion entirely Previous Question To close debate on the main or Yes Yes Yes Majority amended W58S-TLW.pIC1SC816:05/11/ 1 14 motion Continue to immediately a Certain Yes No No Majority Time To defer action To Table To discontinue Yes No No Majority consideration unfit brought back by Take a vote of the Motion Board from the Yes No Yes Majority Table To bring before the group a motion Yes Yes Yes Majority previously limit or tabled Extend Limits of Debate No No No None To limit or extend Refer to a limits of debate Committee Yes Yes No Majority. Must be by a To place Withdraw a Director who business Motion voted for the in hands of a prevailing Committee side on the Reconsider original To withdraw a motion motion before it is voted on To secure a new vote on a motion previously voted upon wsas-nwgfneesis:o5nuaa 15 C. INCIDENTAL RULES NON-RANKING Kind of Second vote Motion Required Debatable Amendabl Required Purpose e Request to Yes No No Two-Thirds To facilitate Suspend business the ordinarily Rules contrary to the rules of the organizatio n Yes No No Majority Override To have Order of Board the majority Chair rule No No No None on the order Point of Order To enforce the rules of the organizatio n wsas-nwpsiaesisAsnaoe 16 4�JNS V S A N I Tq 7,10 c 9 ¢ c o - FCT/N� E EN J\Pp� RESOLUTION NO. OCSD 04-A806-26 ESTABLISHING POLICIES AND PROCEDURES FOR: THE AWARD OF PURCHASE ORDERS AND CONTRACTS; PUBLIC WORKS PROJECT CONTRACTS; PROFESSIONAL SERVICES CONTRACTS; AND DELEGATION OF AUTHORITY TO IMPLEMENT SAID POLICIES AND PROCEDURES A RESOLUTION OF THE BOARD OF DIRECTORS OF ORANGE COUNTY SANITATION DISTRICT (DISTRICT OR OCSD) ESTABLISHING POLICIES AND PROCEDURES FOR THE AWARD OF PURCHASE ORDERS AND CONTRACTS; AWARD OF PUBLIC WORKS PROJECT CONTRACTS; AWARD OF PROFESSIONAL SERVICES CONTRACTS; AND DELEGATION OF AUTHORITY TO IMPLEMENT SAID POLICIES AND PROCEDURES; AND REPEALING RESOLUTION NO. OCSD 99 2304 08 TABLE OF CONTENTS ARTICLE I: RECITAL OF FINDINGS...................................................Page 1 Section 1.01: Findings: Declaration of Intent. ARTICLE II: TERMS AND DEFINITIONS..............................................Page 2 Section 2.01: Terms and Definitions ARTICLE III: DELEGATION OF AUTHORITY—GENERAL..................Page Section 3.01: Purpose and Scope. Section 3.02: Authorizing General Manager to Establish Rules and Guidelines. Section 3.03: Procedure for Delegation of Authority D Approval Levels a. Co-signatures b. Procedural Requirements c. Special Consideration for Extraordinary Projects/Events Section 3.04: Purchasing System Adoption Section 3.05: Purchasing Division Delegated Authority Section 3.06: Procurement Card Program Section 3.07: Requisitions Section 3.06: Cooperative Procurement Section 3.09: Purchases: Emergency Section 3.10: Purchases: Sole Sources; Standardized Prices, Specialized Services, and Sole Sources Section 3.11: Purchase Orders Section 3.12: Purchases: Encumbrances of Funds Section 3.13: Blanket Purchase Orders Section 3.14: Surplus Supplies, Materials, and Equipment. Section 3.15: Sale of Real Property. Section 3.16: Recordkeeping ARTICLE IV: OPERATIONAL SUPPLIES, MATERIALS. ....................Page 12 EQUIPMENT& SERVICES, INCLUDING PROFESSIONAL SERVICE CONSULTANTS (EXCLUDING PUBLIC WORKS CONTRACTS OR PROFESSIONAL DESIGN SERVICE AGREEMENTS) Section 4.01: Purpose and Scope. Section 4.02: Purchases: Bidding Requirements. Section 4.03: Bidding Procedure: Purchases Greater than $50,000. Section 4.04: Purchases between $50,000 and $100,000. Section 4.05: Bidding Procedure: Purchases Less Than $50,000. Section 4.06: Bidding Procedure: Purchases Less Than$5,000. Section 4.07: Inspection and Testing. Section 4.08: Purchases: Negotiated Contracts. Section 4.09: Request for Proposal Procedure. ARTICLE V: PROFESSIONAL DESIGN SERVICE AGREEMENTS ...Page 16 Section 5.01: Purpose and Scope. Section 5.02: Retention of Professional Design Consultants. Section 5.03: Facilities Engineering Project. Section 5.04: Facilities Engineering Project: Approval of Plans and Specifications. Section 5.05: Facilities Engineering Project: Annual Budget Approval. Section 5.06: Facilities Engineering Project: Selection of Consultants—Procedure. Section 5.07: Major Capital Project: Approval of Plans and Specifications. Section 5.08: Major Capital Project: Scope of Work a. Proposals— Notice Requesting b. Staff Screening Committee c. Proposal— Contents d. Review of Proposals by Staff Screening Committee e. Procurement& Negotiation of Agreement f. Continuation of Services g. Specialized Services h. Agreement for Services I. Conflict of Interest Section 5:09: Major Capital Project: Selection of Consultants— Procedure. ARTICLE VI : PUBLIC WORKS CONSTRUCTION CONTRACTS........Page 26 Section 6.01: Purpose and Scope. a. Notice Inviting Bids b. Bidder's Security c. Bid Opening Procedure d. Rejection of Bids e. Tie Bids f. No Bids g. One Bid In. Emergencies I. Surety Bonds j. Cost Records Section 6.02: Public Works: Bidding Required. Section 6.03: Bidding Procedure: Public Works Construction Greater than $35,000. Section 6.04 Public Works Projects a. Close-outAnreements iii b. Notice of Completion c. Time Extension to Construction Contract Agreement ARTICLE VII: AWARD AUTHORIZATION............................................Page 29 Section 7.01 GensukanfsAareements.Amendments & Change Orders: A. P+4rwy-Agreements&-Rarshases B. Amendments& Change Orders C. Change Orders to Existing Agreements Section 7.02 Facilities Engineering Projects: A. Task Orders B. Amendments Section 7.03 Major Capital PFgjeGts PFefessqenal Design Sewises A:RsiFnaFy-Agreements e n't.....eRv...e...a^'^^�s Section 7,94 Public Works Projects: A.PFiFnaFy AgreeateFft A.GhaRge QFder6 CA Close-Out Agreements Q.B. Notice of Completion €C. Time Extension to P -hi WerksConstruction Contract Agreement ARTICLE Vill: TRAINING, MEETINGS, AND RELATED TRAVEL EXPENDITURES ...........................................................Page 35 Section 7.01: Purpose and Scope. Section 7.02: General. Section 7.03: Policies and Procedures. ARTICLE IX: MISCELLANEOUS.........................................................Page 37 Section 8.01: Noncompliance. Section 8.02: Severability. Section 8.03: Effective Date. Section 8.04: Repeal of Prior Resolution. iv ARTICLE I RECITAL OF FINDINGS Section 1.01: Findings: Declaration of Intent. A. California Government Code Section 54202 requires that every local agency shall adopt policies and procedures, including bidding regulations governing purchases of supplies, services, materials and equipment, and that purchases of supplies, services, materials and equipment by the local agency shall be in accordance with said duly adopted policies. B. California Government Code Section 54204 requires that it the local agency is other than a city, county, or city and county, policies provided for in Section 54202 of said Code shall be adopted by means of a written rule or regulation, copies of which shall be available for public distribution. C. In order to establish efficient procedures for the purchase of supplies, services, materials, and equipment, and the letting of public works contracts at the best possible cost commensurate with quality and delivery needs, together with other relevant factors, to exercise positive financial control over purchases, and to clearly define authority for the purchasing function, and to establish bidding procedures, a purchasing system for OCSD beyond what is required by said Sections of the Government Code is desirable and in the best public interest D. An effective, comprehensive organization needs an administrative structure with support procedures that are logical, efficient, well documented, are understood by the organization's employees and members of the public, and that will enable timely and responsive administrative acquisition of supplies, services, materials, and equipment. The organization should also appropriately delegate authority to those persons and units having responsibility for these activities. E. The Board of Directors has determined that a delegation of authority structure provides for better training of employees which will result in improved efficiency and effectiveness of OCSD's operations. RmWfim No.OOSD 04-08 1 of 35 ARTICLE II TERMS AND DEFINITIONS Section 2.01: Terms and Definitions. A. "Amendment or Change Order"shall mean written agreements entered into and between the Professional Service Provider or Contractor and OCSD, properly executed, covering alterations, changes, additions, or deletions to the Contract which are necessary for the proper completion of the work. S. "Capital Facilities"shall mean those public works owned by OCSD that are currently in existence. C. "Capital Facilities Operational Projects"shall mean the routine, retuning, and usual work for the preservation or protection of any public works, as well as any minor repainting, landscape, maintenance, or work performed to keep, operate, and maintain OCSD's water, power and wastewater disposal systems. This work shall include modification or repair, or the replacement of parts, equipment, and facilities. D. "Capital Improvements"shall mean those public works that are to be newly-erected or constructed by OCSD in the future. E. "Change Order"shall mean written agreements entered into and between the Contractor and OCSD,for Public Works Contracts, properly executed, covering alterations, changes, additions, or deletions to the Contract, which are necessary for the proper completion of the work. F. "Competitive Bidding"shall mean the process and procedure whereby OCSD, in accordance with California Public Contract Code Section 20763, prepares Plans and Specifications for the construction of public works; publishes a Notice Inviting Bids, and at a fixed time opens all bids received; and subsequently awards a Construction Contract to the lowest responsive and responsible bidder. G. "Design Agreement"shall mean a contract between OCSD and a Professional Design Consultant who is licensed, certified, or registered by the State of California to perform professional services. For OCSD purposes, these individuals shall be known as"Professional Design Consultants". H. "Facility Engineering Project"shall mean a miscellaneous capital improvement or facility modification, replacement, or repair project, related to plant safety, reliability and efficiency enhancements where professional consulting services are estimated to be in an amount not to exceed $100,000 (inclusive of amendments)for each project. 1. "Force Account"shall mean work that is performed solely by OCSD employees which has a cost value, including labor, overhead, parts, and supplies, in an amount not to exceed $5,000 for each Project, except as allowed in Resolution No.OCSD 00-08 2 of 35 Subparagraphs(a) and (b) below. It does not mean work performed for OCSD by persons or an entity under contract to OCSD, even when said work may be ordered by OCSD as being outside or beyond the original contract scope of work. OCSD employees may perform work on contracts, without limitation on amount only, for one of the following reasons: (a) It is an emergency and performing the work with OCSD forces is more expedient; or (b)The Board of Directors has rejected all bids and by a four-fifths vote declared that the work can be performed more economically by day labor. A written cost effectiveness analysis must be placed in the contract file. This force account provision shall not apply to sewerage maintenance or repair work. Q. "Major Capital Projects"shall mean the construction, repair, modification, or rehabilitation of OCSD's Capital Facilities, including treatment plants, trunk sewers, pump stations, ocean ouffall, administrative and support facilities, and other facilities related to OCSD operations, where the cost of Professional Design and Consultant Services are estimated to be in an amount in excess of$100,000 for any project. These projects may require Selection Committee or Board approvals. KL. "Professional Design Consultant"shall mean an individual or firm providing engineering, architectural, environmental, land surveying, construction management, and other similar services which are those professional services associated with development and design for construction, alteration, or repair of public works, as well as incidental services that members of these professions, and those in their employ, may logically or justifiably perform, including studies, investigations, surveys, evaluations, consultations, planning, inspections, shop drawing reviews, sample recommendations, cost estimates, inspections, preparation of operation and maintenance manuals, and other related services, all of which must be incidental to OCSD awarding a contract for the construction of public works. MIL. 'Professional Design Service Agreement"shall mean a Contract between OCSD and a Professional Design Consultant to provide services to OCSD for professional engineering, architecture, environmental, land surveying, and similar services as a non-employee of OCSD. NM. "Professional Service Consultant' shall mean an individual or _ firm (other than a "Professional Design Consultanf), providing professional services to OCSD, such as, but not limited to, accounting and financial services, information technology, general research, evaluation of systems design related to wastewater treatment systems, legislative evaluation and advocacy, human resources consultation and advocacy, and miscellaneous scientific research and consultation. Resolution No.OCSD 00-0B 3 of 36 ON. "Professional Service Consultant Agreement"shall mean a contract between OCSD and a Professional Consultant to provide services to OCSD as a non-employee of the District. RO. "Public Works"shall mean all buildings, structures, facilities, improvements, or works that are owned or operated by OCSD for the benefit of the public and which were or are being constructed, altered, demolished, or repaired under contract and paid for, in whole or in part, out of public funds. QP. 'Public Works Contract"shall mean an Agreement between OCSD and another party for the erection, construction, alteration, repair, or improvement of any public works of any kind. Public Works projects estimated more than $35,000 must adhere to the provisions of the California Public Contract Code. Q. "Standing Committees" shall mean the Steering Committee. Engineering and Operations (E&O) Committee, and Finance and Administration Committee. R. "Task Orders" shall mean miscellaneous technical support authorized under a current contract. The speck task must have a defined budget and be completed within the total budget of the existing crime contract Resolution No.OCSD 04-0B 4 of 35 ARTICLE III DELEGATION OF AUTHORITY - GENERAL Section 3.01: Purpose and Scope. In an effort to remove barriers that prevent OCSD employees from performing their jobs at the highest level of efficiency, a delegation of authority structure will appropriately provide staff with information on its increased responsibility and ownership, hence, it will contribute to the improved efficiency and effectiveness of OCSD. Section 3.02: Authorizing General Manager to Establish Rules and Guidelines. The levels of authorization to award purchase orders and contracts to acquire services, including professional services, supplies, materials, and public works project contracts, are as more particularly specked in Article VI herein. The General Manager of OCSD is hereby authorized to establish rules and guidelines to implement Board policies and to delegate to Staff, signature authority to initiate the procurement process, as specified in Articles IV through VII herein. Section 3.03: A. Procedure for Delegation of Authority. These procedures establish the framework and boundaries within which a delegate can operate, and also provide Management with a mechanism to evaluate implementation and hold the delegate accountable for his/her actions. Upon delegation of authority by the General Manager, each Department shall be authorized to further delegate to respective employees within the Department. The delegation shall be effective upon the Department Head setting forth, in writing, the name of the delegated employee, the job position, and specific level of delegated authority as Staff Level A, B, or C, respectively (as set forth in Section 7.01A below), and filing it with the Contracts/Purchasing Manager. The General Manager shall establish further procedures to implement delegated authority into the organization. To commence the procurement process for acquisition of operational supplies, services, materials, and equipment, public works contracts governed by state law and professional and design service agreements, signature authority is hereby established asset forth in Section 7.01A below. The functional authority level listed describes the highest level of signature approval needed. Intermediate management approval between the initiator/requestor and listed approval level must also be obtained. The General Manager may delegate authority for all purposes under this Resolution to a Department Head to act in the General Manager's absence. Re oturion No.OCSD 04-08 5 of 35 B. CoSionatures. In addition to the signature of the Delegated Authority: 1. To ensure that all policies and procedures governing purchase orders and contracts are followed, all contracts and purchase orders will be signed by the Contracts/Purchasing Manager, or his designee upon approval of the delegated authority specified in Section 7.01A. 2. All purchases for computer hardware, software, copiers, faxes, and communication equipment will be pre-approved by the Information Technology Director, or his designee. C. Procedural Requirements. All policies and procedures adopted by the Board of Directors or promulgated by the General Manager governing the procurement of supplies, materials, equipment or services, will apply, and shall be complied with. Budgeted funds must be available prior to the acquisition of goods or services. Upon the identification of goods or services needed that are not originally budgeted, either a budget transfer request form must be completed demonstrating that adequate funds are available to cover the acquisition, or the Board of Directors must authorize a budget amendment, at which time, the item being acquired would fall into the budgeted category. D. Special Consideration for Extraordinary Projects/ Events. The Board of Directors, at its discretion, may temporarily increase the General Manager's purchasing approval and amendment/change order authority due to circumstances it finds critical to the operation. In addition, the Board may also allow the replenishment of the General Managers amendment/change order authority, once exhausted, back to its original level, W necessary. Section 3.04: Purchasing System Adoption. The procedures and authority set forth in this Resolution are intended to operate in concert with and supplemental to the delegation of authority granted by the governing Board of Directors in the adoption of this Resolution. Full compliance with the provisions of all Articles in this Resolution is required. Section 3.05: Purchasing Division Delegated Authority. There is hereby vested in the Purchasing Division (hereinafter referred to as "Purchasing"), under the general supervision and direction of the Director of Finance, the authority for the purchase of supplies, services, materials, and equipment; letting of public works contracts; and the establishment of rules, procedures, and administrative policies relative thereto. The Director of Finance may delegate or assign any or all of the following duties to the Contracts/Purchasing Manager: A. To purchase or contract for supplies, services, materials, and equipment required by any Department or Division, in accordance with purchasing procedures prescribed by this Resolution; such administrative regulations as Purchasing ResdWim No.OCSD DCOB 6 of 35 shall adopt for the internal management and operation of Purchasing; and such other rules and regulations as shall be adopted by the Board of Directors. B. To negotiate and recommend execution of contracts for the purchase of supplies, services, materials, and equipment; for construction of public works projects; and for the disposition of surplus property and by-products of the sewage treatment process. C. To submit to General Counsel for review or approval, as necessary, contracts, purchase orders, and other related documents. The Board Secretary shall be the designated Custodian of all original executed copies of contracts, purchase orders, and other related documents which are approved by the Board of Directors. The Purchasing Department shall be the designated Custodian of all other executed contracts. D. To discourage uniform bidding and endeavor to obtain as full and open competition as possible on all purchases and sales. E. To prepare rules, regulations, procedures, and administrative policies, and revisions thereto, governing the purchase of supplies, services, materials, and equipment; for the letting of public works construction contracts in accordance with the provisions of state law; and disposition of surplus property and by-products of the sewage treatment process. F. To prepare rules, regulations, procedures, and administrative policies, and revisions thereto, governing the warehousing of inventories. G. To keep informed of current developments in the field of purchasing, including but not limited to prices, market conditions, and new products. H. To prescribe and maintain such forms as are reasonably necessary for the implementation of this Resolution and other rules and regulations of OCSD. I. To review and recommend specifications to establish minimum standards for all purchases. J. To supervise the inspection of all supplies, services, materials, and equipment purchases to insure conformance with specifications. K. To provide for the transfer of surplus or unused supplies and equipment between Departments, as needed. L. To have custodianship and control of all inventories and surplus property. M. To maintain a bidders' list, vendors'catalog file, and records needed for the efficient operation of the Purchasing Division. N. To review, approve, and maintain active insurance documents for all OCSD procurements. Resolution No.OCSD 04-08 7 of 35 O. To revise all records to reflect the sale, transfer, or reorganization of a supplier's business, or a change in the supplier's name for doing business, so long as all other terns and conditions of the original agreement remain the same. In such event of an assignment of the purchase order or contract by the supplier, OCSD shall not be bound until it has given its consent in writing, which consent shall not be unreasonably withheld. An amendment to the original agreement shall be prepared authorizing and consenting to the assignment and shall be executed by the General Manager, or his designee on OCSD's behalf P. To undertake such other and future duties as, in the Director of Finance's discretion, are incidental and necessary to the conduct of the Division. Section 3.06. Procurement Card Program. OCSD has established a Procurement Card ("Procard") Program allowing specifically authorized employees to purchase goods and services with a total dollar value less than $1,000, thereby eliminating the purchase requisition, purchase order, invoice, and check requirements for these purchases. Approval for use of a Procard must first be obtained from OCSD's Procard Administrator, with the concurrence of the Contracts/ Purchasing Manager and appropriate Department Head. All employees authorized by the Finance Department to use a Procurement Card shall do so only in accordance with OCSD's Procurement Card Policies and Procedures. Section 3.07: Requisitions. All OCSD employees who need or require supplies, services, materials, or equipment to carry out the defined duties of their positions, shall submit requisitions, in advance, for purchases or warehouse requisitions to Purchasing, in accordance with the adopted rules, regulations, procedures, and policies of the Purchasing Division. Usage of OCSD's procurement cards shall be exempt from this requirement. Section 3.08: Cooperative Procurement. A. OCSD, through Purchasing, may participate in or sponsor, conduct, and/or administer a Cooperative Procurement Agreement for the acquisition of procured hems or services with any other public agency purchasing unit, or public agency alliance, in accordance with an agreement between OCSD and the other public agency. B. OCSD,through Purchasing, may sell to, acquire from, or use any property (other than real property) belonging to another public agency, including the cooperative use of supplies or services. C. Purchasing may, at its discretion, procure from the County of Orange Cooperative Purchasing Program, the State of California Multiple Award Schedules Program and the Department of General Services Program, the California Association of Public Purchasing Officers Program, the Western States Contracting Alliance, the County of Los Angeles' Cooperative or Piggyback Programs, and U.S. Communities Alliance, without obtaining bids and following procedures set forth below, if Resolulion No.OCSD 04-M 8 of 35 the Contracts/Purchasing Manager determines that goods or services procured through said Programs are cost-favorable to OCSD. Section 3.09: Purchases: Emergency. Whenever an emergency arises which is, or may be, a threat to the continued required operations of the wastewater treatment plants and facilities owned by OCSD, or when purchases are immediately necessary for the preservation of life or property, or to avoid a threat to the public health or safety, the Division may purchase supplies, services, materials, or equipment required for immediate use, in an amount greater than One Hundred Thousand ($100,000) Dollars without observing the procedures set forth in this Resolution. The General Manager or his designee, shall advise the OCSD Chair and/or Vice Chair, as appropriate, of the action taken, and such action shall be ratified by the Board of Directors at its next regular meeting. Section 3.10: Purchases: Standardized Prices, Specialized Services. and Sole Sources. A. The Purchasing Division may make purchases of supplies, materials, equipment or services without observing the bidding and Board approval procedures of Section 4.13 below when: 1. Items to be purchased have a demonstrated uniformity in price; or 2. An emergency arises which is, or may cause, a threat to the continued required operations of Reclamation Plant 1 or Treatment Plant 2; or 3. Purchases are immediately necessary for the preservation of life or property, or to avoid a threat to the public health or safely; or 4. The Provider of goods or services is determined to be uniquely qualified to provide specialized goods or perform specialized services. 5. It is determined that there is a sole source Provider that has goods and services available immediately that might not otherwise be available at such time purchasing procedures could be completed, and Staff determines such items are critical to OCSD's operations; a. For sole sources greater than $100,000, the General Manager, or his designee, shall advise the OCSD Chair and/or Vice Chair, as appropriate, of the action to be taken, and such action shall be ratified by the Board of Directors at its next regular meeting. b. Sole sources between $50,000 and $100,000 shall be approved by the General Manager and reported to the Board of Directors quarterly. c. All sole sources shall require pre-approval from the requesting Department Head, the Contracts/ Purchasing Manager and the Director of Finance. Resolution No,OCSD N-08 9 of 35 Section 3.11: Purchase Orders. Purchases of all supplies, services, materials, or equipment shall be made by purchase order through use of a requisition, and may also require a formal written contract when determined necessary or appropriate by the Contracts/Purchasing Manager. To ensure that all policies and procedures governing purchase orders and contracts are followed, all contracts or purchase orders will be executed by the Contracts / Purchasing Manager, or as delegated by the Contracts/ Purchasing Manager. Employees requisitioning supplies and equipment shall be responsible that requisitions are in conformity with the spirit and intent of this Resolution and that no purchase has been broken into smaller units to evade any requirement of this Resolution. In accordance with OCSD's Records Retention Policy, Purchasing shall retain in its files one(1) copy of all purchase orders issued during the two (2) years preceding, on which copy of the purchase order there shall be a list of bidders and prices bid for the materials or equipment purchased, or if no bids or quotations were taken or received, a full statement as to the reason therefor. - Section 3.12: Purchases: Encumbrances of Funds. Except in cases of emergency, no purchase order shall be issued for any supplies, services, materials, or equipment, unless there exists a sufficient budget item against which said purchase is to be charged, and which is not pledged towards any other speck purchase. Section 3.13: Blanket Purchase Orders. The Purchasing Division may issue annual blanket purchase orders for recurring purchases of miscellaneous supplies that: A. Are not carried in stock in OCSD's warehouse because of economic considerations; B. Are stock hems that have been designated as appropriate sole source acquisitions; C. Have been competitively bid because Purchasing determines it is in the best interests of OCSD to issue a blanket order for inventory items; or D. Are for miscellaneous supplies, services, materials and equipment where such purchase may be procured from a single vendor during the budget year, without observing the procedures prescribed in Section 4.03 below when, in the Purchasing Division's discretion, it is determined that such blanket purchase orders are at a cost favorable to OCSD and will result in a more efficient procurement of such items. Blanket purchase orders shall be in conformity with the spirit and intent of this Resolution. The Purchasing Division shall, at the beginning of each budget year, file a list of such purchase orders and the estimated annual amount with the Director of Finance. Re olufion No.OOSO 04.08 10 of 35 Section 3.14: Surplus Supplies. Materials. and Equipment. All Departments and /or Divisions shall submit to Purchasing, at such times and in such form as Purchasing shall prescribe, reports showing all supplies, materials, and I or equipment which are no longer used or which have become obsolete or worn out. Purchasing shall have the authority, as deemed appropriate by the Contracts/ Purchasing Manager, to sell, exchange for, or trade in on new supplies, materials, and equipment, or dispose, as deemed appropriate, of all supplies, materials, and equipment which cannot be used by any other Department or Division, or which have become unsuitable for OCSD use. Section 3.15: Sale of Real Property. No negotiations concerning the sale of real property of OCSD may be made without prior review from the Contracts/Purchasing Manager and the General Counsel. No real property of OCSD may be sold without prior approval of the Board of Directors Section 3.16: Recordkeeping. A record of all sales of surplus property and by-products shall also be maintained by Purchasing upon or in which is maintained, the record of the bids received for the property or by-products sold, or if bids were not taken or received, a full explanation thereof. Such records shall be maintained for two(2) years after the sale. Rmlu on No.OCSD 04-08 11&W ARTICLE IV OPERATIONAL SUPPLIES, MATERIALS, EQUIPMENT & SERVICES, INCLUDING PROFESSIONAL SERVICE CONSULTANTS (EXCLUDING PUBLIC WORKS CONTRACTS OR PROFESSIONAL DESIGN SERVICE AGREEMENTS) Section 4.01: Purpose and Scope. In order to establish efficient procedures for the purchase of supplies, materials, equipment and services, including Professional Service Consultants, at the best possible cost, commensurate with quality and delivery needs and other relevant factors; to exercise positive financial control over purchases; to clearly define authority for the purchasing function; and to establish bidding procedures pursuant to Section 54202 of the Government Code of the State of California, a purchasing system is deemed necessary. This Article does not apply to Professional Design Service Agreements and Public Works Contracts, which are defined and governed by Articles V and VI below. Section 4.02: Purchases: Bidding Requirements. Except as hereinafter provided, purchasing of supplies, materials, equipment or services, including Professional Service Consultants, shall be by bid procedures as set forth in this Article IV, when the purchase is estimated to have a value greater than Five Thousand ($5,000) Dollars; the supplies or services may be obtained from more than one vendor; are not standardized as to price; and no emergency exists. Section 4.03: Bidding Procedure: Purchases Greater Than $50,000. A. Award to Lowest Bidder. Except as otherwise provided in this Article IV, purchases of supplies, materials, equipment or services, including Professional Service Consultants, of an estimated value greater than $50,000 shall be by written contract or purchase order with the lowest responsive and responsible bidder (unless a Request for Proposal solicitation instrument is utilized), pursuant to the procedures prescribed herein. B. Award Aooroval. Purchases of supplies, materials, equipment or services, including Professional Service Consultants, that are identified and have appropriate not to exceed contractual pre-approvals, as outlined in each Fiscal Year's annual budget, to include capital equipment, shall be bid and awarded directly by the Contracts /Purchasing Manager, or as delegated by the Contracts/Purchasing Manager in accordance with the procedures in this Section 4.03. Supplies, materials, equipment or services, including Professional Service Consultants, not budgeted, or which exceed the Board or pre-approved amount, or subsequent increases to the contract above the original amount identified and approved in the budget year the contract was awarded (both pre-approved or Board approved), or Resoj r No.OCSD 04-08 12 of M which affect policy recommendations or ratifications, or are sole source contracts exceeding $100,000, and all applicable public works contracts, shall require Board of Directors' approval prior to issuance or award of a purchase order or contract, except as provided in Section 7.01(8). C. Notice Invitino Bids. A Notice Inviting Bids shall be published and include a general description of the articles or services to be purchased or sold, shall state where bid forms and specifications may be secured, and the time and place for opening bids. 1. Published Notice. The Notice Inviting Bids shall set a date for the opening of bids. The publication or posting of the Notice shall be at least ten (10) days before the date of opening the bids. Notice may be published in a newspaper of general circulation, printed and published within OCSD's jurisdiction; or by electronic bulletin board procedures designed to reach the industry or market of supply; or through OCSD's Internet Web Site. 2. Bidder's List. Purchasing may also solicit sealed bids, or receive bids electronically, from all qualified, responsible prospective suppliers whose names are on the Bidders List maintained by OCSD, or who have requested their names to be added thereto. 3. Bulletin Boards. Purchasing may also advertise pending purchases or sales by a notice posted on a public bulletin board in the Purchasing Division Office, and by electronic bulletin board, as deemed appropriate by the Contract's Purchasing Manager. D. Bidder's Security. When deemed necessary by Purchasing, a bidder's security may be prescribed in the contract specifications or in the Notice Inviting Bids. Purchasing, or those assigned by Purchasing, shall maintain said bidders security. Bidders shall be entitled to the return of a bid security upon the full execution of an awarded contract or issuance of a purchase order by the successful bidder. A successful bidder shall forfeit its bid security upon refusal or failure to execute the contract within the prescribed time after the Notice of Award of Contract has been delivered to the bidder, unless OCSD is responsible for a delay in the prescribed time. The Contracts/Purchasing Manager may, on refusal or failure of the successful bidder to execute the contract, award it to the next lowest responsive, responsible bidder. If the Contracts/Purchasing Manager awards the contract to the next lowest bidder, an amount of the lowest bidder's security equal to the difference between the low bid and the awarded bid shall be forfeited to OCSD, and the surplus, if any, shall be returned to the lowest bidder. E. Bid Opening Procedure. Sealed or electronically received bids shall be submitted to the Contracts/ Purchasing Manager and/or Secretary of the - Board of Directors, and shall be identified as a bid on the envelope or the electronic bulletin board. Bids shall be opened in pubic by the Contracts/Purchasing Manager, or his designated representative, at the time and place stated in the public notices. A tabulation of all bids received shall be available for public inspection during regular business hours for a period of not less than thirty (30)calendar days after the bid opening. In cases wherein the Request for Proposal ("RFP") instrument is utilized, all R.Mion No.OOSD 04-M 13 of 35 RFP's will be opened, and only the name of the Proposer shall be read aloud at the time and place set forth therein. F. Refection of Bids. At his discretion, the Contracts/Purchasing Manager may reject any and all bids presented and re-advertise for bids. If all bids are rejected, the Contracts/ Purchasing Manager may declare that the materials or supplies may be acquired at a lower cost by negotiation in the open market and authorize the purchase in that manner. G. Tie Bids. If two or more bids received are for the same total amount or unit price (with quality and service being equal), and if the public interest will not be best served by a delay of re-advertising for bids, the Board of Directors or Contracts/ Purchasing Manager may accept the one it chooses or accept the lowest bid made by negotiation with the tie bidders at the time of the award. H. Performance Bonds. Purchasing shall have the authority to require a Faithful Performance Bond, a Labor and Materials Bond, and I or a Warranty Bond, before entering into a contract in an amount as it shall find reasonably necessary to protect the best interests of OCSD. If the Purchasing Division requires any of these Bonds, the form and amount of the Bond shall be described in the Notice Inviting Bids and in the Contract Specifications. Section 4.04: Purchases between $50,000 and $100,000. Purchasing may award a contract to purchase supplies, materials, equipment or services, including Professional Service Consultants, in an amount greater than $50,000 and less than $100,000, without obtaining bids and following the procedures all as more particularly set forth in Section 4.03 above when the Contracts/ Purchasing Manager determines that: A. By purchasing immediately, it can avoid an imminent price increase or realize a substantial price discount that is available on a short-term basis only; or B. It can obtain supplies, materials, equipment or services, including Professional Service Consultants, immediately that might not otherwise be available at such time as purchasing procedures could be completed; or C. Said contract for supplies, materials, equipment or services, including Professional Service Consultants, includes Board of Directors'approval for multiple one (1)year renewal periods at the Districts option. All such contracts shall not exceed the prescribed limit of renewal periods as defined by the Board of Directors and shall require the Contracts/ Purchasing Manager's approval; or D. The supplies, materials, equipment or services, including Professional Service Consultants, are only available from a sole source; or E. Whenever an emergency arises which is, or may cause, a threat to the continued required operations of Reclamation Plant 1 or Treatment Plant 2, or when purchases are immediately necessary for the preservation of life or property, or to avoid a threat to the public health or safety. Resolution No.OOSD 04-08 14 of 35 Section 4.05: Bidding Procedure: Purchases Less Than $50,000. Purchases of supplies, materials, equipment or services, including Professional Service Consultants, of an estimated value in the amount of$50,000 or less on which bidding is not required by state law, may be made by Purchasing in the open market without observing the same procedures as prescribed by Section 4.03 above. The procedures to be used for these purchases are as follows: A. Minimum Number of Bids. Open market purchase shall, whenever possible, be based on at least three (3) bids and shall be awarded to the lowest responsive and responsible bidder, and shall be by written contract or purchase order. B. Solicitation of Bids. Bids shall be solicited by written requests to prospective vendors or purchasers and /or by telephone, facsimile transmission, electronic bulletin board, and /or by public notice posted on a public bulletin board in the Purchasing Division Offices. C. Receipt of Bids. Bids shall be submitted to Purchasing, which shall keep a public record of all open market orders and bids for a period of two (2) years after the submission of bids or the placing of orders. D. Exceptions. Purchasing may purchase supplies, materials, equipment or services, including Professional Service Consultants, without observing the procedures prescribed in Subparagraphs A, B, and C above, if supplies, materials, equipment or services, including Professional Consultant Services are only available from a sole source. All such purchases shall be approved by the Director of Finance, the requesting Department Head, and the Contracts/Purchasing Manager. Section 4.06: Bidding Procedure: Purchases Less Than $5,000. Purchasing may purchase supplies, materials, equipment or services, including Professional Service Consultants of a value in the amount of$5,000 or less per purchase order, without observing the procedures prescribed in Section 4.05 when, in the Contracts/ Purchasing Manager's discretion, it is determined that observing such procedures would not result in a lower overall cost to OCSD. Record of such decision shall be fully stated in the purchase order file as to the reason therefor. Section 4.07: Inspection and Testing. The supplies, materials, equipment or services delivered, including performance or deliverables resulting from a Professional Service Contract, shall be inspected to determine their conformance with the specifications set forth in the purchase order or contract. Purchasing shall have the authority to request professional services, or to require chemical and physical tests of samples submitted with bids and samples of deliveries which are necessary to determine their quality and conformance with specifications. Resolution No.OCSD 0 8 15 of 35 Section 4.08: Purchases: Negotiated Contracts. Notwithstanding other provisions of this Resolution, the Board of Directors may, when it appears in the best interests of OCSD, authorize the Staff to negotiate and award a contract for the purchase of supplies, materials, equipment or services, including Professional Service Consultants, without observing the procedures prescribed in Sections 4.03, 4.04 and 4.05 above. A. When such authorization has been granted for the purchase of supplies, materials, equipment or services, including Professional Service Consultants, of an estimated value in the amount of$100,000 or greater, the Staff shall obtain the concurrence of OCSD Chair and/or Vice Chair, as appropriate, prior to awarding such purchase. B. Whenever any contract for supplies, materials, equipment or services, including Professional Service Consultants, has been entered into between OCSD and a person or entity, and Purchasing determines that it is in the best interest of OCSD to continue said contract with such person or entity, Purchasing may, in its discretion, negotiate an extension of such contract without observing the bidding procedures prescribed in Sections 4.03 and 4.05 above; provided, the original contract contains provisions for subsequent extension periods; has been approved and awarded by the Board of Directors; and/or has prior contractual pre-approval, as provided in Section 4.03. Section 4.09: Request for Proposal Procedure. As deemed appropriate by the Contracts/Purchasing Manager, a Request for Proposal ("RFP") solicitation process may be employed in lieu of the competitive bidding process. The RFP process maybe used for goods or services that prove difficult to quantify or describe. Therefore, Proposers are offered the opportunity to offer solutions. Award shall be based upon criteria which provide the "best value" received by OCSD, which is not solely determined by price. A. All Purchases—All Levels. Except as otherwise stated below, the RFP process shall follow bidding thresholds and procedures as outlined in Sections 4.03 and 4.05 above. B. Purchasing shall solely prescribe the Request for Proposal (RFP) procedure and award criteria. OCSD's RFP procedure shall be on file and available with the Contracts/ Purchasing Manager or designee. C. The Contract/Purchasing Manager shall solely prescribe and approve all RFP Evaluations team members. D. In order to avoid actual or perceived conflicts of interest, members of the Board of Directors are prohibited from participating in the RFP Evaluation process, except in those instances where the potential provider shall directly serve and report to the Board or its respective Committee(s) or when approved to do so by the Board Chair. E. OCSD maintains a Conflict of Interest Code pursuant to California Government Code Sections 87100 et seq., which governs the activities and performance Pe eiiion No.OCSD 04-08 16or3s of duties of its Directors, officers, employees, or agents in the conduct of project work for OCSD. F. No Director, officer, employee, or agent of a Professional Service Consultant under contract with OCSD, shall solicit or accept rebates, kickbacks, favors, or other unlawful consideration from any individual or firm on behalf of any firm that may be potentially selected as a qualified firth to provide professional consulting services to OCSD. Acceptance of food and refreshments of a nominal value on infrequent occasions, and acceptance of gratuities or gifts shall not be deemed a violation of this provision, provided that if said items exceed $340, or the amount as fixed by California Government Code Section 89503, or California Code of Regulations Title 2, Section 18940.1, in a calendar year, the Director, officer, employee, or agent may be disqualified from participating in the decision pursuant to Article III of OCSD's Conflict of Interest Code; and provided, further, that any Director, officer, employee, or agent, as a designated employee under OCSD's Conflict of Interest Code, shall report any amount of gifts on his /her annual Statement of Economic Interests, as required by said Code. G. Any firm seeking selection under these procedures that violates OCSD's Conflict of Interest Code shall he automatically disqualified. H. Any firm solicited to violate the Code must report said solicitation to the Board of Directors, or it will be automatically disqualified. Resolution No.OCSD 04 W 17 of 35 ARTICLE V PROFESSIONAL DESIGN SERVICE AGREEMENTS Section 5.01: Purpose and Scope. OCSD, in the interest of uniformity, fairness, and cost effectiveness desires to establish policies and procedures for the selection and procurement of professional engineering, architectural, environmental, land surveying, and construction management services. Section 5.02: Retention of Professional Design Secvise Consultants. This Resolution establishes a procedure to be followed in the selection and retention of Professional Design Consultants in the areas of engineering, architecture, environmental, land surveying, and construction management services. Professional Design Consultants are those individuals or firms providing engineering, architectural, environmental, or land surveying services which are those professional services associated with research, development, design and construction, alteration, or repair of real property, as well as incidental services that members of these professions and those in their employ may logically or justifiably perform, including studies, investigations, surveys, evaluations, consultations, planning, programming, conceptual designs, plans and specifications, cost estimates, inspections, shop drawing reviews, sample recommendations, preparation of operation and maintenance manuals, and other related services, all of which must be incidental to OCSD awarding a contract for Construction or Public Works. Services for product testing are excluded. It is recognized that no two individuals or firms have equal skills, training, or experience, and that the qualities of such firms vary. Accordingly, Professional Design Consultants shall be selected based upon OCSD's discretion and opinion as to which particular Consultant is best qualified to perform the work (hereinafter referred to as the "project) in question. For purposes of this Resolution, "firm" shall mean any individual, firm, partnership, corporation, association, or other legal entity permitted by law to practice the profession of architecture, engineering, environmental services, land surveying, or construction project management. Evaluation and selection of a consultant firm will include, but not be limited to, the following: A. The firth shall be of high ethical and professional standing, its members being of good moral character, and it shall be prepared to submit references from persons of known repute. B. The principal and other responsible members of the fine must be registered in the State of Califomia, as required by law. Resolution No.OOSD O4-08 18 of 3 C. A principal member of the firm's staff must have the minimum appropriate experience in responsible charge of work of the type involved in the project. The appropriate experience required will solely be determined by OCSD staff. D. At least two (2)additional members of the firm's staff must have appropriate experience in responsible charge in the field or fields required by the project. The appropriate experience required will solely be determined by OCSD staff. E. The firm shall be capable of performing the work within the prescribed time limitations considering the current and planned workloads of the firm. F. If all other factors are equal, preference shall be given to a locally based firm when more than one firm is being considered. G. If the project is funded, either in whole or in part, by state or federal funds that require, as a condition of establishing or maintaining eligibility for state or federal funds, that firths working on the project maintain an affirmative action employment program, then the firm selected for the project must certify to having such a program. OCSO also recognizes that the scope of services and the qualifications of consultants can differ significantly between major capital facilities projects and facilities engineering projects. The criteria set forth in Paragraphs C and D above may be waived by OCSD for Facilities Engineering Projects. The procedures set forth in this Resolution shall govem the retention of Professional Design Consultants. Section 5.03: Facilities Engineering Project: "Facilities Engineering Project" is defined as a miscellaneous capital improvement or facility modification, replacement, or repair project, related to plant safety, reliability or efficiency enhancements where professional design consulting services are estimated to be in an amount not to exceed $100,000 ($75,000 for original Task Order and $25,000 for any additional amendments)for each project Section 5.04: Facilities Engineering Project: Annual Budget Approval. Upon approval by the Board of Directors of an annual budget, OCSD's Director of Engineering or OCSD's Contracts/Purchasing Manager, or their designees, shall be authorized to solicit contract proposals from professional engineering, architectural, environmental, land surveying, and construction management firms to perform the required services for the approved Facilities Engineering Projects, as defined and _ prescribed herein. Section 5.05: Facilities Engineering Project: Selection of Consultants— Procedure. A. OCSD's Staff shall compile a master pre-approved list of not less than 5, nor more than 10 firms having the required expertise to perform the required Resolution No. OCSD N4 8 19 of 35 professional service for a Facilities Engineering Project. The master list of firths will be selected based upon a solicitation, review of qualifications, and Board approval of the agreements including up to two annual optional renewals. Upon selection and approval, the Professional Design Consultant shall execute the District's Professional Design Service Agreement. The original tens of the agreement shall be for one (1) year. Thereafter, the Director of Engineering (DOE) shall be authorized to recommend to the General Manager, an extension of the qualified Professional Design Service Agreement for up to two (2)additional one (1) year renewal periods, for a total of three (3) years, with each of the Parties designated on the approved master list. The Professional Design Service Agreement for each Party on the master list shall be forwarded to the Purchasing Office. The Engineering Department Staff shall prepare the appropriate requisition documentation to insure future payment to the consultant B. As a need for an individual specific Facilities Engineering Project arises, OCSD will implement the Agreement by issuing a Task Order identifying the specific project by name and number, and include the approved scope of work required of the consultant for the project. There is a maximum annual fiscal year contract limitation of$200,000 for each Professional Design Service Agreement under the provisions of this Section 5.05. C. The DOE shall first obtain at least two (2) price proposals from consultants before the Task Order is awarded to a consultant. This requirement may be waived at the discretion of the DOE, where a determination is made that the subject work is unique such that only one (1) consultant is available to perform the work, or where significant time constraints or emergency conditions dictate that one (1) consultant be solicited for a price proposal. The DOE, or his designee, shall review the proposals specifically addressing cost and ability to meet OCSD schedule requirements. Based on the evaluations,the DOE is authorized to award the original Task Order. D. Once the Professional Design Consultant is selected for the award of a Facilities Engineering Project and the Task Order is executed by OCSD, the DOE shall issue the Notice to Proceed. Section 5.06: Facilities Enoineerinn Protect: Approval of Plans and Specifications. The Board of Directors delegates to the Director of Engineering (DOE), as a Professional Registered Engineer, the authority to approve the design, plans, and specifications for the construction of a new or modified OCSD facility that is deemed a Facilities Engineering Project, as defined in Section 5.03 above. Section 6.07: Mator Capital Project: Scope of Work. A. For every project approved by the General Manager, the PPG 6emmitleeE & O Committees, or the Board of Directors, and for which outside professional consulting services are required, OCSD Staff shall develop a comprehensive scope of work. B. The scope of work shall define the extent of the services and the time required. RewlWim No OCSO 044)8 20oI35 Section 5.08: Ma or Capital Protect: Selection of Professional Design Consultants—Procedure. For the employment of any Professional Design Consultant or Professional Service Consultant for major capital projects budgeted and approved by the Board of Directors, the following procedures shall apply: A. Proposals— Notice Requesting. Staff shall prepare a Request for Proposal ("RFP")or a Request for Qualifications ("RFQ"), for the scope of work which shall include a request for the firm's qualifications, personnel capability, demonstration of firm's capabilities, identification of personnel assigned to the project, estimate of number of hours for each aspect of the project,fee proposals, and conflict of interest disclaimer. The Request for Qualifications'process may be used, at Staffs discretion, to narrow the field of firms submitting proposals on the project. OCSD shall maintain a comprehensive list of professional consultants' demonstrated competence. Optionally, notice may be given by publication in professional journals or publications of general circulation. B. Staff Screeninq Committee. A Screening Committee of at least two (2) Staff Members, as chosen by the Department Director, shall review all submitted proposals and prepare a recommendation for selection of the best qualified consultant to the PDC E& O Committee as described in Paragraph D below. In order to avoid actual or perceived conflicts of interest, members of the Board of Directors are prohibited from participating in the RFQ Evaluation process except in those instances where the potential provider shall directly serve and report to the Board or its respective Committee(s) or when approved to do so by the Board Chair. C. Proposals—Contents. Proposals submitted shall: 1. Acknowledge the scope of the project and extent of the services required. 2. Include a description of the firm's qualifications for performing the proposed work. 3. In the case of a proposal for construction management services, each firm shall provide evidence that its personnel that will carry out on-site responsibilities have expertise and experience in construction project design review and evaluation, construction mobilization and supervision, bid evaluation, project scheduling, cost-benefit analysis, claims review and negotiation, and general management and administration of a construction project. 4. Include past performance records of the firm. 5. Demonstrate the firm's capabilities to complete the work within the time allotted. Resolution No.OCSD 04-08 21 o135 6. Identify the speck key personnel to be assigned to the project. 7. Provide an estimate of the number of hours involved in each aspect of the scope of work for such personnel. 8. Be accompanied by a sealed fee proposal estimate which shall not be opened until the firm is selected as being qualified. Thereafter, it shall be the basis for procurement negotiations. The form of the fee proposal shall be as described in Subsections E2 and E3 below. 9. Contain a conflict of interest disclaimer. 10. Provide any other information required to properly evaluate the firm's qualifications and familiarity with the types of problems applicable to the project. D. Review of Proposals by Staff Screening Committee 1. The Staff Screening Committee shall review, and evaluate proposals, negotiate fees, and determine and make recommendations to the PDC E & O Committee as to which firm is deemed to be fully qualified to provide services sought by OCSD based on the firm's demonstrated competence and qualifications. 2. The Staff Screening Committee, upon making a determination of the fully qualified firms, shall rank the firths considered, based upon the qualifications and in order of preference. E. Procurement and Negotiation of Agreement. To determine the firm to be selected and the compensation for the services sought, the following procedures will be strictly adhered to: 1. The Staff Screening Committee will, at its discretion, invite the firm that is considered to be the best qualified to appear before the Staff Screening Committee. 2. The proposal for fees associated with the services, as submitted by the selected firm, shall be presented in sufficient detail to enable the Staff Screening Committee to adequately ascertain the level of effort associated with the scope of work and to determine whether the firm has thoroughly identified the efforts associated with the services and thoroughly understands the work required. 3. The basis of the fee shall be cost plus a fixed fee with a maximum amount; per diem rate(s)with a maximum amount; or a lump sum (fixed)fee. 4. If it is the decision of the Staff Screening Committee to use methods for compensation other than the lump sum or cost plus a fixed fee with a maximum, or the per diem rates with a maximum,justifications for this decision shall be made by the Staff Screening Committee in its recommendation to the PDC E & O Committee and the Board of Directors. RBmloiion No.OCSD 04-08 220136 5. The Staff Screening Committee shall review the compensation requested by the firm which shall be compared with the maximum fee as previously established. 6. The final negotiated fee, as recommended to the PDGE & O Committee and Board of Directors, shall be certified by the Staff Screening Committee as reasonable for the services requested and not resulting in excessive profits for the firm. T If agreement is not reached, the negotiations should be terminated and similar interviews should then follow with the next ranked firm. 8. All such negotiations shall be on a strictly confidential basis, and in no case shall the compensation discussed with one firm be discussed with another. F. Continuation of Services. 1. In some instances when a qualified firm has satisfactorily completed one phase in the development of a project, Staff shall, based on an outline and recommendation of the scope of additional work, obtain Board approval to negotiate with the same firm for additional services related to other phases of the project. 2. Continuation of services may arise when a firm has completed a feasibility report or a preliminary engineering report, and the services for said work are satisfactory to the Board and the procedure of examining other firms for subsequent phases is not deemed necessary or cost effective. 3. In the event that satisfactory negotiations for price cannot be concluded under these circumstances, negotiations should be terminated and the provisions set forth hereinabove for selection of a firm would apply. G. Specialized Services. 1. In the event that specialized professional services are required,where it is determined that only one (1)qualified firm can best perform the services for a specific project for professional fees estimated to be in an amount greater than $50,000, the Staff Screening Committee will negotiate a Professional Design Service Agreement or Professional Consultant Service Agreement, make recommendations to the POLE & O or other Standing Committee, and upon action by such Committee, present it to the Board of Directors for approval. 2. The basis of selection of the specialized firm or individual under Subparagraph G(1) above, along with the negotiated fee, shall be presented to the Board of Directors for consideration. H. Agreement for Services. 1. Upon approval by the Board of Directors of a negotiated agreement for professional services, a contract shall be executed in a form approved by the General Counsel. ResalNion No OCSD 04-08 23035 2. The contract shall include, but not be limited,to the following terms: (i) A statement on the scope of the project. (ii) The basis and individual elements of the fees. (iii) The basis for payment to the fine. (iv) The time limits in which the services must be performed. (v) Provisions for fee adjustments, should there be changes in the scope of work. (vi) If it is determined by the Standing Committee that OCSD may be caused to incur a penalty or liability, or suffer a loss because of the failure of the firm to perform the work within specified time limits, the contract shall include a clause setting forth penalties for such nonperformance or delayed performance, in amounts to be determined by the Standing Committee. (vii) For projects exceeding $50,000 in fees or in other cases, as determined by OCSD, errors and omissions insurance in an amount recommended by the General Counsel or OCSD's Risk Manager (based upon engineering data from the Department Director) shall be required, unless the Standing Committee or Board of Directors, as the case may be, waives said insurance. (viii) For projects that involve engineering studies where a consultant is asked to provide a report not related or leading directly to a design project, the General Manager(based upon engineering data from the Department Director), in his discretion, may waive the requirement for the consultant to provide errors and omissions l professional liability insurance. I. Conflict of Interest. 1. OCSD maintains a Conflict of Interest Code pursuant to California Government Code Sections 87100 at seq., which governs the activities and performance of duties of its Directors, officers, employees, or agents in the conduct of project work for OCSD. Resolution No.OCSD D4-03 24 of 35 2. No Director, officer, employee, or agent of a Professional Design Consultant under contract with OCSD shall solicit or accept rebates, kickbacks, favors, or other unlawful consideration from any individual or firm on behalf of any firm that may be potentially selected as a qualified firm to provide professional consulting services to OCSD. Acceptance of food and refreshments of a nominal value on infrequent occasions, and acceptance of gratuities or gifts shall not be deemed a violation of this provision, provided that if said items exceed $340, or the amount as fixed by California Government Code Section 89503, or California Code of Regulations Title 2, Section 18940.1, in a calendar year, the Director, officer, employee, or agent may be disqualified from participating in the decision pursuant to Article III of OCSD's Conflict of Interest Code; and provided further,that any Director, officer, employee, or agent, as a designated employee under OCSD's Conflict of Interest Code, shall report any amount of gifts on his/her annual Statement of Economic Interests, as required by said Code. 3. Any firm seeking selection under these procedures that violates OCSD's Conflict of Interest Code shall be automatically disqualified. 4. Any firm solicited to violate the code must report said solicitation to the Board of Directors or it will be automatically disqualified. Section 5.09: Major Capital Protect: Approval of Plans and Specifications. The procedure and authority for the approval of the design plans and specifications for construction of new or modified OCSD major capital projects are as follows: A. For any project, if the engineer's estimate for the construction contract, as provided by the Director of Engineering or OCSD's consulting design engineer, is greater than the approved construction budget for the project,the Director of Engineering shall submit the project to the P G-E& O Committee for recommendation, and based thereon, to the Board of Directors for approval of the Plans and Specifications. B. For any project, If the engineer's estimate for the construction contract, as provided by the Director of Engineering or OCSD's consulting design engineer is equal to or less than the approved construction budget for the project, the Director of Engineering shall submit the plans and specifications to the Board of Directors for approval, and thereafter may advertise for bids, and upon receipt, the lowest responsive bid of a responsible bidder will be submitted to the Board of Directors for approval, as provided for in Article VI. Resolution N.OCSD 00-08 25 of 35 ARTICLE VI PUBLIC WORKS CONSTRUCTION CONTRACTS Section 6.01 : Purpose and Scope. Public works contracts are herein defined as contracts with duly licensed contractors in the State of California for the furnishing of labor, materials, equipment, and permits, as deemed necessary for the erection, construction, alteration, repair, or improvement of wastewater collection, treatment and disposal facilities, and any other public building, structure, or improvement necessary to the operation of OCSD, in an amount greater than $35,000, as per California Public Contract Code Sections 20783 at seq. Section 6.02: Public Works: Bidding Required. When the expenditure required for a public works construction project exceeds $35,000, 0 shall be contracted for and let to the lowest responsive and responsible bidder, in accordance with the provisions of California Public Contract Code Section 20783. Section 6.03 : Biddina Procedure: Public Works Construction Greater Than $35,000. Procedures for soliciting bids and awarding contracts for public works projects for more than $35,000 shall be in accordance with applicable provisions of California Public Contract Code Section 20783. A. Notice Inking Bids. The Notice Inviting Bids shall specifically describe the work to be performed, shall state where Bid Forms, Specifications, General and Special Provisions may be secured, and the time and place for receiving and opening sealed bids. 1. Published Notice. Pursuant to California Public Contract Code Section 20783, the Notice Inviting Bids shall set a date for the opening of bids. The first publication or posting of the Notice shall be at least ten (10) calendar days before the date for the opening of bids. The Notice shall be published at least two(2) times, not less than five (5) days apart, in a newspaper of general circulation, printed and published within the jurisdictional boundaries of the District. 2. Bidders' List. The District may also solicit sealed bids from all qualified, responsible, prospective suppliers whose names are on a Bidders' List that may be maintained by OCSD. B. Bidder's Security. When deemed necessary by the Purchasing Division, a bidder's security may be prescribed in the Contract Specifications and in the public Notice Inviting Bids. Bidders shall be entitled to the return of the bid security upon full execution by the successful bidder of an awarded contract by OCSD. A successful bidder may forfeit its bid security upon refusal or failure to execute the ResolNlon No. OCSD O -08 ai of 35 Contract within the prescribed time after the Notice of Award of Contract has been delivered to the bidder, unless OCSD is responsible for the delay in the prescribed time. The Board of Directors may, on the refusal or failure of the successful bidder to execute the contract, award it to the next lowest responsive, responsible bidder. If the Board of Directors awards the Contract to the next lowest bidder, an amount of the lowest bidder's security equal to the difference in an amount between the low bid and the awarded bid shall be forfeited to OCSD, and the surplus, if any, shall be returned to the lowest bidder. C. Bid Opening Procedure. Sealed bids shall be submitted to the Director of Engineering, or Contracts/Purchasing Manager, or their designee, or the Secretary of the Board of Directors, as identified in the bid document, and shall be identified as a bid on the envelope. Bids shall be opened in public, at the time and place stated in the public notice. A tabulation of all bids received shall be available for public inspection during regular business hours for a period of not less than thirty (30) calendar days after the bid opening. D. Bid Equal or Less Than Construction Budget. For any project, upon receipt of bids for construction, N the lowest responsive bid of a responsible bidder is equal to or less than the approved construction budget for the project, the bid will be submitted to the Board of Directors. The Board of Directors may award a contract. E. Bid Greater Than Construction Budget. For any project, upon receipt of bids for construction, If the lowest responsive bid of a responsible bidder is greater than the approved construction budget for the project, Staff shall present the bid and a recommendation to the DOGE & 0 Committee for review and recommendation to the Board of Directors. F. Reiection of'Bids. In its discretion, the Board of Directors may reject any and all bids presented and re-advertise forbids. If, after the opening of bids, all bids are rejected, the Board of Directors, on a Resolution adopted by a four-fifths (4/5ths)vote, may declare that the work can be performed more economically by force account, if in accordance with applicable provisions of California Public Contract Code, or the materials or supplies furnished at a lower price in the open market and may have the work done in a manner stated in the Resolution in order to take advantage of this lower cost. G. Tie Bids. If two (2) or more bids received are for the same total amount or unit price (with quality and service being equal), and if the public interest will not be best served by a delay or re-advertising for bids, the Board of Directors may accept the one it chooses, or accept the lowest bid made by negotiation with the tie bidders at the time of the award. H. One Bid. When only one bid is received in response to a Notice Inviting Bids(NIB), the bid may be considered and accepted if a determination is made that(a)the specifications used in the NIB were not unduly restrictive, (b)the required competition was solicited and it could have been reasonably assumed that more than one bid would have been submitted, (c)the price is reasonable, (d)the bid is otherwise in accordance with the NIB, and(e)all processes and procedures have been followed in accordance with the Public Contract Code. R..Uion No.OCSD 04-08 27 of 35 I. No Bids. If no bids are received, OCSD may have the work done by force account, may re-advertise for bids pursuant to the procedures herein, or may select a contractor by negotiation. J. Emergencies. Whenever an emergency arises which is, or may be, a threat to the continued operation of the wastewater facilities, support facilities, and /or administrative facilities operated by OCSD, a Contract for the repair or replacement of the public facility may be ordered by the General Manager without complying with the provisions of this Resolution or the California Public Contract Code. This authority is hereby delegated to the General Manager, or his designee, by the Board of Directors pursuant to the authority of California Public Contract Code Section 22050. In such event, the General Manager shall advise the OCSD Chair and/or Vice Chair, as appropriate, of the action taken, and such action shall be confirmed by a four-fifths (4/5ths)vote of the Board of Directors at is next regular meeting. K. Surety Bonds. The Purchasing Division shall require a Faithful Performance Bond and a Labor and Materials Bond. A Warranty Bond maybe required before entering into a Contract in an amount up to one hundred (100%) percent of the amount of the Contract, as it shall find reasonably necessary to protect the best interests of OCSD. The form and amount of the Bond shall be described in the Notice Inviting Bids, or in the Contract Specifications. Original Bonds for public works construction contracts shall be kept in the official OCSD file which is maintained by the Board Secretary. L. Cost Records. Cost records shall be kept in the manner provided in Sections 4000 to 4007 inclusive, of the California Government Code. Section 6.03 : Bidding Procedure: Public Works Construction Greater Than $35,000. Section 6.04: Public Works Projects A. Close-Out Agreement. The approval and execution of an original Close-Out Agreement shall be made by the General Manager. B. Notice of Completion. The approval and execution of an original Notice of Completion shall be made in accordance with the following delegations of authority: Authorized Authority Authorized Action Director of Engineering Authority to approve and execute all or Purchasing Notices of Completion. C. Time Extension to Public Works Contract. ResokdiM MD.OCSD owe 280135 The approval and execution of an original Time Extension to Construction Contract shall be made in accordance with the following delegations of authority: Authorized Authority Authorized Action General Manager Authority to approve and execute construction contract time extensions. Resolution No.OCSD N-08 29 of 35 ARTICLE VII AWARD AUTHORIZATION 7.01 AGREEMENTS—, GONTRAC-TS AMENDMENTS & CHANGE ORDERS A. Agreements2, Centrasts B. Amendments & Change Orders C. Amendments & Change Orders to Existing Agreements 7.02 FACILITIES ENGINEERING PROJECTS A. Task Orders B. Amendments 7.03PUBLIG WORKS PRO IECTS A. Close Out Agreements B. Net one of completion C. Time. Cvtewniew W f ORStr. ntiGn f^ARtrant AgFeeFneRt Resolution No.OCSD 04-05 30 of 35 Section 7.01: ALL AGREEMENTS,AMENDMENTS& CHANGE ORDERS This Section 7.01 applies to all Agreements. Amendments. and Change Orders entered into by the District. A. Agreemenffiand-Contrasts, The award and execution of an Agreement , PIAFGhase OFdeF 9F GePtFaGt, by the on behalf of OCSD, shall be made in accordance with the following delegations of authority: "Delegated Authorized Author Authorized Action Staff Level C Authorization to approve budgeted purchases less than or equal to $2,000. Staff Level B Authorization to approve budgeted purchases from $2,001 through $5,000. Staff Level A Authorization to approve budgeted purchases from $5,001 through $10,000. Division Manager Authorization to approve budgeted purchases from $10,001 through $25,000. Department Director Authorization to approve budgeted purchases from $25.001 through $50,000. General Manager Authorization to review and approve budgeted purchases between $50,001 and an amount not to exceed $100,000. Items to be reported to the Board of Directors on a quarterly basis. Assistant General Manager Authorization to review and approve budgeted purchases between $50,001 and an amount not to exceed $100,000. Items to be reported to the Board of Directors on a quarterly basis. Standing Committees Authorization to approve purchases over $100,000 to$200,000,with the exception of pre-approved purchases pursuant to Section 4.03 and emergency items pursuant to Section 4.4 herein. In approving purchase agreements, each standing committee shall set a maximum aggregate contingency amount for all amendment and Rewlutiun No.ODSD 04-08 31 of 35 chance orders. The maximum aggregate contingency amount shall be no higher than fifty percent (500%)of the Agreement amount. Board of Directors Authorization to approve purchases over $200,000, with the exception of pre- approved purchases pursuant to Section 4.03 and emergency items pursuant to Section 4.4 herein. B. Amendments and Change Orders: The award and execution fer of-amendments and change orders to a8greements, opeFat oRal sup , on behalf of OCSD shall be made in accordance with the following: Authorized Authority Authorized Action Department Head Authorization to make recommendation to the General Manager. General Manager Review recommendation of Department Head and approve amendments provided that the total contract shall not exceed $100,000 (includes original contract and all amendments). General Manager shall be authorized to approve all amendments for chemical contracts, unless contract unit price has been changed from original Board award. If the original chemical contract was approved in the budget pre-approval process, a unit price increase exceeding the unit price awarded in the budget pre- approval year would require Board approval. Contracts awarded in the pre-approval process based upon a not to exceed amount, not unit price, may be increased up to the amount pre-approved in the budget year the contract was awarded. The General Manager shall manage the expenditure of all approved contingency funds in connection with all amendments and change orders approved by the Board, the standing committees, and the General Manager. Resolubon No.OCSD 0408 32 of 35 Board of Directors Receive recommendations of General Manager, approve all amendments and change orders that exceed the maximum aggregate amounts established at the time that original Agreements are aoproved.4er at t me of awaFd, te be managed by the general ManageF. C. Change Orders to Existing Public Works Agreements This subsection (C)shall apply to "existing public works _ agreements" from January 2007 to July 1, 2007. Thereafter, existing agreements should be governed by the other provisions of this resolution for purposes of this subsection (C). The term "existing public works agreements" shall mean public works agreements approved prior to the effective date of this resolution. The award and execution of a Public Works Agreement Change Order shall be made in accordance with the following delegations of authority: Authorized Authority Authorized Action General Manager Receive recommendation of the Department Head and approve contract changes in an amount up to $100,000 per Public Works agreement. When the total combined value of all Change Orders approved by the General Manager.the E&O Committee and /or Board of Directors equals or exceeds $100,000, the General Manager's authorization limit has been satisfied. Note that this is the total amount of Change Order additions(not net amount of change order . Total cumulative amount for all Change Order additions not to exceed 5%of the original contract amount or$100,000, whichever is less. E& O Committee Receive recommendation of the General Manager and approve Public Works agreement changes from $100.001 through $200,000 per Public Works agreement. When the total combined value of all Change Orders approved by the General Manager. the E&O Committee and/or Board of Directors equals or exceeds Rmlo ion No.OCSD 04.0 33 of 35 $200,000, the E&O's authorization limit has been satisfied. Note that this is the total amount of Change Order additions (not net amount of Change Order). Total cumulative amount for all Change Order additions not to exceed 10% of the original contract amount or $200,000, whichever is less. Board of Directors Approve Change Order additions in amounts over 10% of the original contract amount, or greater than $200,000. Section 7.02: TASK ORDERS FOR FACILITIES ENGINEERING PROJECTS: A. Task Orders The award and execution of a Task Order shall be made in accordance with the following Delegation of Authority: Authorized Authority Authorized Action Director of Engineering Authorization to evaluate proposals and execute a Task Order up to $50,000. B. Amendments The award and execution of an amendment to an issued Task Order shall be made in accordance with the following Delegation of Authority: Authorized Authority Authorized Action Director of Engineering Authorization to negotiate amendments and make recommendations to the General Manager. General Manager Receive recommendation of DOE and approve each amendment to the Task Order in an amount up to$50,000. When the total combined value of the Task Order and all amendments equals or exceeds $100,000, the General Manager's amendment authorization limit has been satisfied. GTS Resolulbn No.OCSD 01-05 3 of 35 made by the GOReFRI MaRager Notise AH P.'Fnhqs Re MGtiAP6-Gf-CGmPlBt AR Ruth z?d Authority a s Resolution No.OCSO D4-0 35 of 35 ARTICLE VIII TRAINING, MEETINGS AND RELATED TRAVEL EXPENDITURES Section 8.01: Purpose and Scope. This Article sets forth the procedures and scope of delegated authority by which OCSD employees are authorized to incur expenses for budget-approved meetings and training in furtherance of OCSD business. Section 8.02: General. A. Training or meetings exceeding $500 will be itemized, as well as possible, in the approved budget. It is recognized that some meetings and training cannot be pre-planned during the budget process. B. All out-of-country travel (excluding Canada and Mexico) requires approval by the Board of Directors. C. Training or meetings requests exceeding $2,000 will be approved by the Department Director. D. Training or meetings requests less than $2,000 will be approved by the Division Manager. E. Established approvals must be received prior to arrangements for meetings or training being made. Section 8.03: Policies and Procedures. All policies and procedures governing training or meetings, such as the use of OCSD forms and justification, will be followed. Resolution No.OCSD 04-08 36 of 35 ARTICLE IX MISCELLANEOUS Section 9.01: Noncompliance. Any transaction failing to comply with this Resolution in any respect is voidable in the discretion of the Board of Directors, and any employee willfully and knowingly violating any provision of this Resolution may be subject to disciplinary action. Section 9.02: Severability. If any section, subsection, subdivision, sentence, clause, or phrase of this Resolution is for any reason held to be unconstitutional or otherwise invalid, such invalidity shall not affect the validity of the entire Resolution or any of the remaining portions thereof. The Board of Directors hereby declares that it would have passed this Resolution, and each section, subsection, subdivision, sentence, clause, and phrase thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, or phrases be declared unconstitutional or otherwise invalid. Section 9.03: Effective Date. This Resolution No. OCSD 06-26—shall take effect January 1, 2007, upon adoption by the Board of Directors. Section 9.04: Repeal of Prior Resolution. Resolution No. OCSD 04-08 is hereby repealed in its entirety. PASSED AND ADOPTED at a regular meeting of the Board of Directors held November 15, 2006. CHAIR ATTEST: BOARD Clerk of the Board ResoMw No CCSD 064 a 37 of 35 y MINUTES OF THE OPERATIONS, MAINTENANCE AND TECHNICAL SERVICES COMMITTEE Orange County Sanitation District Wednesday, November 1, 2006—5:00 P.M. A meeting of the Operations, Maintenance and Technical Services Committee of the Orange County Sanitation District was held on November 1, 2006, at 5:00 p.m. in the Sanitation District's Administrative Office. (1) ROLL CALL The roll was called and a quorum declared present, as follows: OMITS Directors Present: Staff Present: Carolyn Caveoche, Chair Jim Ruth, Interim General Manager Don Bankhead,Vice Chair Bob Ghirelli, Acting Assistant General Manager Sukhee Kang Nick Arhontes, Director of Reg. Assets &Services Ken Parker Jim Herberg, Director of Operations & Maintenance David Shawver Patrick Miles, Director of Information Technology Dave Sullivan Ed Torres, Acting Director of Technical Services James M. Ferryman, Board Chair Lille Kovac, Committee Secretary Doug Davert, Board Vice Chair Layne Baroldi, Legal & Reg. Affairs Liaison Jim Burror, Engineering Supervisor OMTS Directors Absent: Jim Colston, Legal &Reg. Affairs Liaison Mark Esquer, Engineering Manager Others: Norbert Gets, Information Tech Analyst Rick Carney, EnerTech (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS There were no public comments. (4) REPORT OF THE COMMITTEE CHAIR Chair Caveoche did not give a report. (5) REPORT OF THE GENERAL MANAGER Jim Ruth, Interim General Manager, did not give a report. Minutes of the Operations, Maintenance and Technical Services Committee U November 1, 2006 f Page 2 (6) CONSENT CALENDAR ITEMS a. Approve minutes of the October 4, 2006 Operations, Maintenance and Technical Services Committee meeting. b. OMTS06-57 Receive and file Technical Services Monthly Report, which focuses on regulatory biosolids and performance measures for the Technical Services Department. C. OMTS06-58 Receive and file Operations & Maintenance Monthly Report, which focuses on compliance, financial data and performance measures for Operations and Maintenance Department. d. OMTS06-59 Receive and file Regional Assets and Services Monthly Report,which focuses on current business information, performance trends and financial information of the business units. e. OMTS06-60 Receive and file the 2005.06 Progress Report of the Tustin Area Spill Control Demonstration Project developed jointly by staff of OCSD and the County of Orange and consultants, dated August 2006. Motion: Moved, seconded and duly carried to approve the recommended actions for items 6(a)through (a) under Consent Calendar. (7) ACTION ITEMS a. OMTS06-61 Recommend to the Board of Directors to approve Amendment No. 1 to the Agreement for the Management of Biosolids with EnerTech Environmental, Inc., in a form approved by General Counsel, to increase the quantity of biosolids delivered from 200 tons to 225 tons, extending the contract period from 20 to 25 years, and to increase the cost from $69.40 to$72.40 per ton, for an annual amount not to exceed $5,950,000 plus existing cost escalators. Motion: It was moved, seconded and duly carried to recommend approval to the Board of Directors. b. OMTS06-62 Recommend to the Board of Directors to 1). Authorize the General Manager to award up to four sole source contracts for an amount not to exceed $90,000 each,for testing alternative chemicals for advanced primary treatment to General Chemical, Summit Research Labs, Aluminum Chemical Specialties, and Kemira Water Solutions, Inc. ; and Authorize the General Manager to approve the sole source procurement of chemical tanks, containment equipment, and service and delivery fees from Baker Tank Rental for an amount not to exceed $45,800. Minutes of the Operations, Maintenance and Technical Services Committee November 1, 2006 Page 3 Motion: It was moved, seconded and duly carried to recommend approval to the Board of Directors. (8) INFORMATIONAL ITEMS There were none. (9) REPORT OF DIRECTOR OF INFORMATION TECHNOLOGY. The Director of Information Technology, Patrick Miles, reported that the Sanitation District received the 2005106 Award for Achievement awarded by the Municipal Information Systems Association of California (MISAC), for meeting and surpassing government standards in Information Technology. He also reported on the status of Time Entry System and on the Strategic Planning contract. (10) REPORT OF DIRECTOR OF OPERATIONS AND MAINTENANCE Jim Herberg, Director of Operations and Maintenance, reported operating costs savings based on chemical use efficiencies, while meeting effluent discharge requirements. (11) REPORT OF DIRECTOR OF TECHNICAL SERVICES Acting Director of Technical Services, Ed Torres, reported full compliance of ocean discharge permit and consent decree requirements, as well as Air Quality rules and regulations. Mr. Torres also reported that the SCAQMD accepted our health risk assessment (HRA) reports submitted for both treatment plants. Both plants HRA's fell below community notification levels established by State Law AB2588. Mr. Torres noted that with future expansions, both plants will likely exceed notification level in the future. He also reported that clean-up at contaminated soil and groundwater from leaking UST's at the Plant 1 Auto Shop will begin on November 2. (12) REPORT OF DIRECTOR OF REGIONAL ASSETS AND SERVICES The Director of Regional Assets and Services, Nick Arhontes, reported on the Grand Jury visit for discussion on operating watershed issues. (13) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. (14) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. Minutes of the Operations, Maintenance and Technical Services Committee November 1, 2006 Page 4 (15) FUTURE MEETING DATES The next Operations, Maintenance and Technical Services (OMTS) Committee Meeting is scheduled for December 6, 2006, at 5:00 p.m. (16) CLOSED SESSION There was no closed session. (17) ADJOURNMENT The Chair declared the meeting adjourned at 5:42 p.m. Submitted by: c Lilia Kovac Committee Secretary Operations, Maintenance and Technical Services H:WepOagenea\OMTS@00611106\110106OMTS Minul .dw i OMTS COMMMEE Meeting Da To W.of Dir. 11/01/% 11/15/06 AGENDA REPORT H mNumber Item Number OMTS06.61 1&b) Orange County Sanitation District FROM: Edward M. Torres, P.E., Acting Director of Technical Services Originator: Layne Baroldi, Legal & Regulatory Affairs Liaison SUBJECT: Amendment No. 1 to EnerTech Biosolids Management Contract GENERAL MANAGER'S RECOMMENDATION Approve Amendment No. 1 to the Agreement for the Management of Biosolids with EnerTech Environmental, Inc., in a form approved by General Counsel, to increase the quantity of biosolids delivered from 200 tons to 225 tons, extending the contract period from 20 to 25 years, and to increase the cost from $69.40 to $72.40 per ton, for an annual amount not to exceed $5,950,000 plus existing cost escalators. SUMMARY • In 2003, the District adopted the Long-Range Biosolids Master Plan (Plan) which Staff is implementing. The three main recommendations from this Plan are listed below. The goal of these recommendations is to diversify the Biosolids management program and achieve long-term sustainability, which will move the District away from reliance on land application. o Maintain at least three of the four biosolids reuse markets recommended in the plan: (composting, heat drying, energy recovery, and organo-mineral fertilizer). o Limit maximum participation for any market to Y of the total biosolids produced. o Limit biosolids management contracts to-a maximum of one-third of total biosolids production. • The District manages its biosolids pursuant to two contracts using the following four options (Attachment 1: Biosolids Distribution Map): 0 24% is land applied as a chemically-stabilized (organo-mineral fertilizer ) Class A biosolids in Kern County, 0 26% is land applied as a Class B biosolids in Arizona, 0 47% is composted to Class A biosolids in Riverside County and in La Paz County, Arizona, and 0 3% is land filled in Yuma County, Arizona. • The land application of 24% of District's biosolids in Kern County may be banned as early as January of 2007 and the land application of 26% of District's biosolids in Arizona has uncertain sustainability. C�mams aM S nslnmo� l Smngs\Temporary Imemal Fllea(OLK78% m ID(b)E wlr tT&o Ws E nee lln/g086(W Page 1 r • In response to the Plan's recommendations to utilize at least three biosolids reuse markets, the District, through a competitive process, entered into a contract on May 22, 2006 with EnerTech to construct a new facility that would utilize an innovative technology to produce a fuel pellet from our biosolids. Three other participating agencies (Los Angeles County Sanitation District, City of Riverside and City of San Bernardino) entered into similar contracts with EnerTech Environmental, Inc. (EnertTech). • The District's agreement with EnerTech is to manage 200 tons of biosolids per day for an initial Management Fee of$69.40 per ton. Under the current agreement the facility is scheduled to receive our biosolids in June 2008. • Due to uncontrollable circumstances and unanticipated changes in design and financing the projected cost to construct and operate EnerTech's biosolids facility has increased by over 20% to $83.71 per ton. Without additional support from the participating agencies the project's financing could be in jeopardy. • EnerTech presented to the participating agencies a proposal to adjust certain terms of the contract, including increasing the cost per ton, extending key milestone dates associated with project financing acceptance of our Biosolids, and when we must deliver biosolids, increasing quantity of Biosolids delivered, and extending the contract term from 20 to 25 years. • The participating agencies met over the past month to jointly review EnerTech's proposal and concluded that the increased costs are real and that the success of EnerTech's project is important to our united goal of maintaining sustainable biosolids reuse options, thus reducing our dependence on land application. • Therefore, the participating agencies have agreed with EnerTech's proposal which includes a $3.00 per ton increase. For the District, this brings the new unit cost to $72.40 per ton which is a 4.3% increase. EnerTech would be required to adsorb the remaining $11.31 per ton of the increased cost. In addition, staff believes that the additional requested changes to our agreement involving key dates, quantity of biosolids, and contract period are acceptable. The other participating agencies have accepted similar changes to their agreements with EnerTech. PRIOR COMMITTEE/BOARD ACTIONS 1. April 2006 OMTS/Board: Authorize the General Manager to issue a Request for Proposals (RFP) for both Biosolids Management for Energy Production; and Approve Amendment Number 8 with Synagro West, Inc. 2. July 2005 OMTS/Board: Authorize the General Manager to enter into a contract with EnerTech Environmental, Inc. at an initial cost of$69.40 per ton. CMlooumaMs and SeXingsumo� l Seeln9s\Temporary Ird n HeMOLK>B\Xem 1U)e)Ene edi Blowlds.dw Nnn e : Ilffn (i ) Page 2 3. April 2005 OMTS/Board: Receive and file the Biosolids Advisory Committee Final Report dated February 2005; Receive and File Biosolids Management Options White Paper dated March 16, 2005;Authorize the General Manager to negotiate final terms and conditions with EnerTech Environmental, Inc.; and Approve Amendment No. 1 to the Memorandum of Understanding with South Orange County Wastewater Authority (SOCWA). 4. March 16, 2005: Board of Directors' Biosolids Workshop. 5. March 2004 OMTS: Seek recommendation regarding the process to utilize the biosolids management option implementation process. 6. December 2003 OMTS: Receive and file the Final Long-Range Biosolids Management Plan prepared by CH2M Hill, Inc. 7. November 2003 OMTS/PDC: Informational Rem only regarding existing policies and potential future reuse costs outlined in the Long-Range Biosolids Management Plan. 8. October 2003 OMTS/PDC: Informational Rem only regarding the various in-plant treatment optimization options evaluated in the Long-Range Biosolids Management Plan. 9. September 2003 OMTS/PDC: Informational Rem only regarding the biosolids product markets and product technologies. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT ❑ This item has been budgeted. (Line item: ) ® This Rem has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) G?DttunievsandB ng5lsroaU. lBeltl %Tempaery hEenN FOWOLKMftX tb�b)E Te Bio ids.d¢ F(eriva: nmzgas inn) Page 3 ADDITIONAL INFORMATION • The contract between the District and EnerTech contains provisions allowing for a request for an amendment in the event of any uncontrollable circumstance that materially and adversely affects the ability of EnerTech to perform any of its obligations. • The cost increases encountered by EnerTech since submitting their proposal in 2004 to the District are from changes affecting: Construction, Landfill Closure, Operation and Maintenance (O&M), Equity, and Bond Term. These are briefly described as follows: • Increase in construction costs from an estimated $63.9M to approximately $72M; combined with a $1M increase in the cost to close the City of Rialto Landfill EnerTech is building the facility on an old six acre landfill owned by the City of Rialto adjacent to their wastewater treatment plant. Since Rialto had no plans to develop the landfill site, Rialto was very insistent that EnerTech pay for a portion of the closing costs. In addition, the EnerTech facility could not be built on top of the old landfill for engineering reasons. • Increase in projected operating costs, including an increase in utility costs of approximately $1 M per year, • Placement fees for project equity of approximately $2.6M. There is a limited number of firms who fund project equity in EnerTech-like projects. In addition, when project equity requirements are high, it becomes even more difficult to raise the funds. In order to successfully raise project equity levels required for the Ener-Tech project, a placement agent must be hired. Placement agents, or investment bankers, know the firms which invest in EnerTech-like projects and can facilitate and manage the lengthy process which includes, presentations, documentation, due diligence, and negotiations. Most companies, including EnerTech, do not have the expertise to successfully execute the process of raising project equity without the services of a placement agent. These firms normally are compensated through fees paid up front plus a percentage of the project equity raised. • Tightening of project equity investor return and bond financing requirements creating a need for 25 year contracts to allow for 25 year bond amortization, and • Delays in timing of financial closing have pushed back the expected schedule for completion of the facility and acceptance of biosolids from the agencies. • District engineering staff has reviewed and agree with the increased construction and operating costs associated with the project. The total financial impact of these circumstances is estimated at $14.31 per ton. EnerTech and participating agencies have agreed to a $3.00 per ton increase and that EnerTech must absorb most of these increased costs. An increase of$3.00 per ton is below the CPI from the date the price was offered in 2004. • The County Sanitation Districts of Los Angeles County and the Cities of Rialto, San Bemardino and Riverside have also executed agreements with EnerTech. These C:1DopnnPotlS am Se m;aawos atal SatinBslTwmp i,aan FflMZLK78V1em 10(El F.ne T h&molMsd= Ra : +mrzooe t•a1 Page 4 1 agencies have agreed to amend their contracts with EnerTech in a similar fashion as is being recommended in this Agenda Report. ALTERNATIVES Should the District decide not to grant EnerTech's request, the project will likely be delayed as EnerTech figures out how to restructure the project. Delays in today's environment with rising interest rates, rising material costs, and rising operating costs will further burden the project financially. One or more of the project requirements may unravel during any delay further jeopardizing the project's success. If the EnerTech facility were to fail, the risk to the District will increase due to existing reuse options possibly no longer being sustainable. The extent of the risk will depend on the availability of landfills and the potential for volatile tipping fee increases. In addition, the District will be two years behind in establishing a viable energy recovery or heat drying biosolids reuse option consistent with our approved Plan. CEQA FINDINGS N/A ATTACHMENTS Attachment 1 - Biosolids Management Map C:1Dbuenetle aW SdGnpslvroilLoral SetErgeRenipwary IMe R.OLK)B .tab)F Te 8,.hd.d. neweee: nnrzooe twn) Page 5 Orange County Sanitation District 24�/ 42 trucks/week er� 1050 tons/week Class A Product: Farmland Lime-Stabilized Vendor: Tule Ranch Location. Kern County, CA N xkk dr , x n Future Management Location ` Future Management Location 4 s'J` �aev Class A Product: Char Fuel Class A Product: Compost Vender. EnerTech Vendor: SynagroRIM? Location: San Bernardino County, CA Location: Kern County, CA ` i i^t Commitment: 56 trucks/week Commitment: 70 trucks/week 1400 tons/week 1750tons/week 1 r " � !�'� 7 �� �'. � 82 trucks �� 2050 tons/week 46 trucks/week Class A Product: Compost �c�® Vendor: Synagrog �® 1150 tons/week Locations: La Paz County, AZ a`i,,?� 'n+ '° Class B Product: Farmland-Fertilizing Riverside County, CA Vendor: Tule Ranch -mh®,9 5 truckslweek Location Yuma County,AZ ®® 125 tons/week Class B Product: Landfill . Vendor: Tule Ranch Location: Yuma County, AZ OC8D Blosolids Policy OG50 salves to recycle as b1milds Revised-10I04106 using mstaimbie mum whit rotecdng yubue fibb and die enWianh!snC.... - a. , Jr 2� �...; r,. 41 r 1 "4: ^. c .,5 . ' .J' OMTS COMMITTEE MeetlngDae roea.eror. 11/01/O6 11/IS/O6 AGENDA REPORT Item NumberItem Number OKT506-62 10(c) Orange County Sanitation District FROM: James D. Herberg, Director of Operations and Maintenance Originator: Mike Larkin, Engineering Supervisor SUBJECT: ADVANCED PRIMARY TREATMENT EVALUATION AND TESTING AT TREATMENT PLANT NO. 2 GENERAL MANAGER'S RECOMMENDATION 1. Authorize the General Manager to award up to four sole source contracts for an amount not to exceed $90,000 each, for testing alternative chemicals for advanced primary treatment to General Chemical, Summit Research Labs, Aluminum Chemical Specialties, and Kemira Water Solutions, Inc. ; and 2. Authorize the General Manager to approve the sole source procurement of chemical tanks, containment equipment, and service and delivery fees from Baker Tank Rental for an amount not to exceed $45,800. SUMMARY • Advanced primary treatment (APT) reduces biochemical oxygen demand (BOD), total suspended solids (TSS), hydrogen sulfide, and increases sludge density. • The main chemical used in the APT process is ferric chloride. Currently, there is only one supplier that can provide ferric chloride at the quantities OCSD requires. The unit price for ferric chloride continues to increase each year and OCSD will pay an additional 21% in cost starting December 1, 2006. • Staff has laboratory tested several chemicals for effectiveness; however, full- scale testing in the treatment plant is the most reliable and accurate way to determine performance. • Staff recommends full scale trials to evaluate performance of alternative chemicals for the APT process. The testing requires not only the purchase of chemicals but also the rental of tanks and associated equipment to perform the trials. C:IOmumems end SeltiNSs ffoaLL lS n9sUemp ary IMff HeMOLK]RIIIem W(c)P pWnnum Chbnde Tnal.dm FOM No.OW1022 FpeMa Re -LMIS OWE.]20 Reviud: 11/!/2cCB Page 1 • Baker Tanks has been a sole source provider of similar large chemical dosing systems over the years because they are the only local provider. • The cost of each chemical may be less if there are significant negative effects on the plant performance and the trial for that chemical is suspended. • During testing, ferric chloride at Plant No. 2 will be replaced with the alternative chemical being tested, which will reduce the amount and cost of ferric chloride. • This project will allow staff to test polyaluminum chloride and other chemicals full scale at Plant No. 2 to determine if they will be efficient in the APT process both in cost and effectiveness. PRIOR COMMITTEE/BOARD ACTIONS N/A PROJECT/CONTRACT COST SUMMARY OCSD does not have the benefit of competitive bidding because Kemira Water Solutions, the ferric chloride provider, is the only ferric chloride supplier that can provide the quantities required. Alternative suppliers will provide competition and possible savings in the future. BUDGETIMPACT ® This item has been budgeted. (Line item: 52013) ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) ADDITIONAL INFORMATION Advanced primary treatment (APT) was implemented to improve treatment in the primary process. APT reduces biochemical oxygen demand (BOD), total suspended solids (TSS), hydrogen sulfide, and increases sludge density. The main chemical used in the APT process is ferric chloride. When APT was implemented at OCSD there were several suppliers of ferric chloride and the cost of the chemical was relatively inexpensive. Over the years competition has significantly decreased and the cost of ferric chloride has increased. The new contract for ferric chloride that starts on December 1, 2006 had a 21% increase in cost. Last year the increase was 11%. Ctl➢ocum saMSftngsUeoxs lS ngs%Tempwery IMerMFIIesWLK]9Nemta(c)P "Jumnum CMande Tnelme Form No 1022 R Repen-ONUS Oepl.]20 Rwl-ol 119Y Page 2 Staff has been effective in reducing the amount of ferric chloride used in the treatment process but are still dependent on its use for the APT process. Staff has researched and trialed other chemicals in laboratory jar tests to determine if there are alternatives to ferric chloride. One chemical that is effective in water treatment plants and is effective in jar tests is polyaluminum chloride (PAC). PAC is available from several suppliers so there is more competition and potential cost savings. In order to determine if PAC is a viable alternative to ferric chloride a full scale test must be run in the treatment plant. Staff recommends running a full scale test at Plant 2 on the A-side primary treatment process. The A-side receives full secondary treatment after primary treatment and the sludge from the primary process is sent to specific digesters that are not influenced by the B and C-side primary treatment. This will allow staff to evaluate the effect of the chemical on the entire process. Additional tanks must be utilized to allow a separate chemical to be used on the A-side primary treatment process. In a ferrous chloride/ferric chloride conversion trial at Plant 2, two 6,500 gallon Baker Tanks with containment were rented and proved effective in adding chemical to conduct the testing. The scope of the project includes testing PAC and other chemicals at Plant No. 2. Two 6,500 gallon tanks and secondary containment will be rented and plumbed into existing ferric chloride pumps to feed into the A-side primary treatment process. Based on jar tests, PAC products will be selected and purchased to run a full scale trial. The trial for each product will be a minimum of 30 days in order to determine the effect of the product on TSS, BOD, primary sludge density, hydrogen sulfide, and digester performance. If successful other PAC products will be tested to verify performance. OCSD may also test other products that can be obtained at a reduced cost such as a ferric chloride/ferric sulfate blend or ferric sulfate. ALTERNATIVES Continue to purchase and optimize ferric chloride. CEQA FINDINGS N/A ATTACHMENTS N/A C:g)ggumsvtls W SeNngsUerosiL l5 ngslTOmg 11 Fd.x K78V ID(c)P."Wm U.M. Tna A. F. No.O IM2 n9mN Wpm-OsrtS .� RW 110) Page 3 MINUTES OF PLANNING, DESIGN, AND CONSTRUCTION COMMITTEE MEETING Orange County Sanitation District Thursday, November 2, 2006, at 5:00 p.m. A meeting of the Planning, Design, and Construction Committee of the Orange County Sanitation District was held on Thursday, November 2,2006, at 5:00 p.m., at the Sanitation District's Administrative Office. (1) ROLL CALL The roll was called and a quorum declared present, as follows: PDC COMMITTEE MEMBERS: Directors Present: Staff Present: Tod Ridgeway, Chair Bob Ghirelli,Acting Assistant General Manager Norm Eckenrode, Vice Chair David Ludwin, Director of Engineering Steve Anderson John Linder, Engineering Manager Charles Antos Tod Haynes, Construction Manager Alberta Christy Matt Smith, Engineering Manager Larry Crandall Larry Gibson, Engineering Supervisor Roy Moore Penny Kyle, Committee Secretary Harty Sidhu Jim Ferryman, Board Chair Others Present: Directors Absent: Patsy Marshall Doug Davert, Board Vice Chair (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS There were none. (4) REPORT OF THE COMMITTEE CHAIR Committee Chair Tod Ridgeway did not give a report. (5) REPORT OF THE GENERAL MANAGER Jim Ruth, Interim General Manager, was not present. PDC Committee Minutes Page 2 November 2, 2006 (6) REPORT OF THE DIRECTOR OF ENGINEERING David Ludwin, Director of Engineering, reported that the American Society of Civil Engineers Peer Review of the Engineering Departments processes has been completed, and a report of the findings is scheduled to be presented at the November board meeting. He also advised that Jim Ruth, Interim General Manager, has appointed John Linder as the Acting Director of Engineering. Mr. Ludwin advised that construction bids for Trickling Filters at Plant No. 2, Job No. P2-90, would be opened on December 51°,two days prior to the PDC Committee meeting. Due to timing issues, he requested the PDC Committee to waive the requirement of bringing this item to the PDC in February and go directly to the Board of Directors for award of the contract if bids were received in excess of the engineers estimate. If there is a delay in the award of the contract, it could jeopardize the schedule contained within the Consent Decree. The PDC Committee concurred. (7) REPORT OF GENERAL COUNSEL General Counsel was not present. (8) CONSENT CALENDAR a. Approve minutes of the October 5, 2006 Planning, Design, and Construction Committee Meeting. b. Receive and file the Quarterly CIP Performance Report MOTION: It was moved, seconded, and duly carried to approve the recommended actions specified as Items 8(a)and (b). END OF CONSENT CALENDAR (9) ACTION ITEMS a. PDC06-108 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to ratify Change Order No. 2 to Bushard Trunk Sewer Rehabilitation Pipe Procurement, Contract No. I-2-4P,with Ameron International, authorizing an addition of$85,580 and 326 calendar days, increasing the total contract amount to $7,970,306. b. PDC06-109 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to ratify Change Order No. 3 to Ellis and Bushard Intersection, Contract No. I-24A, with Mike Bubalo Construction, Inc., authorizing an addition of$552,984, increasing the total contract amount to$10,928,826. C. PDC06-110 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to (1)Ratify Change Order No. 2 to Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21,with Sancon Engineering, Inc., authorizing a reduction of$24,675, reducing the total contract amount to $2,078,346; and, PDC Committee Minutes Page 3 November 2, 2006 (2)Accept Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21, as complete, authorizing execution of the Notice of Completion and approving the Final Closeout Agreement. d. PDC06-111 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to ratify Change Order No. 14 to Effluent Pump Station Annex, Job No. J-77,with J.F. Shea Construction, Inc., authorizing an addition of$41,133, increasing the total contract amount to$44,638,467. e. PDCO6-112 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to ratify Change Order No. 30 to Primary Clarifiers 16-31 and Related Facilities, Job No. P1-37,with Margate Construction, authorizing an addition of$52,594, increasing the total contract amount to $72,880,080. f. PDCO6-113 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to approve a budget increase of$2,200,000 for Rehabilitation of District Siphons, Contract No. 2-68,for a total budget amount of $7.467,000. g. PDCO6-114 Recommend to the Board of Directors to (1)Approve a budget increase of $3,838,000 for Headworks Rehabilitation/Refurbishment, Job No. Pt-71, for a total project budget of$8.996,918; (2)Authorize staff to negotiate Amendment No. 1 to the Professional Services Agreement with Carollo Engineers for design services for the Headworks Rehabilitation/ Refurbishment,Job No. P1-71; and (3)Authorize the General Manager to bid and award an equipment pre-purchase contract for variable frequency drive equipment for Headworks Rehabilitation/Refurbishment, Job No. P1-71 in an amount not to exceed $600,000. Directors entered into discussion on the requested budget increase for construction, and expressed concern on construction increases prior to the preliminary design work being completed. They requested staff to table this item to a future meeting when preliminary design work is completed. MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to authorize staff to negotiate Amendment No. 1 to the Professional Services Agreement with Carollo Engineers for design services for the Headworks Rehabilitation/Refurbishment, Job No. P1.71; and, (2)Authorize the General Manager to bid and award an equipment pre- purchase contract for variable frequency drive equipment for Headworks Rehabilitation/Refurbishment, Job No. P1-71 in an amount not to exceed $600,000. PDC Committee Minutes Page 4 November2,2006 h. PDC06-115 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to approve a budget increase of$800,000 for a total project budget of$4,611,000 for the Realignment and Rehabilitation of Big Canyon Offsite Trunk Sewer, Contract No. 5-62. I. PDCO6-116 MOVED, SECONDED AND DULY CARRIED: Recommend to the Board of Directors to(1)Approve Amendment No.4 to Cooperative Projects Program Contract No. 0126 with the City of La Habra, providing for a contract modification with no additional funding; and, (2)Approve grant funding for$380,000 for Closed Circuit Television inspection and sewer condition assessment from the City of Buena Park to be paid in Fiscal Year 2008109. (10) CLOSED SESSION There was no closed session. (11) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS,IF ANY There were none. (12) MATTERS WHICH A DIRECTOR WOULD LIKE STAFF TO REPORT ON AT A SUBSEQUENT MEETING Then:were none. (13) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. (14) FUTURE MEETING DATES The next regularly scheduled Planning, Design, and Construction Committee Meeting will be held on December 7, 2006 at 5 p.m. (15) ADJOURNMENT The Chair declared the meeting adjourned at 5:40 p.m. Submitted by: /)(r" Penny M. f e Committee Secrets H9ilePrmgeMa\PDC12006NAlnu@s\i 10206 PDC Minules.dm PDC COMMITTEE Mee0n9 Date TO Bd.01Dr. 11/02/06 111 1 6 AGENDA REPORT Rem Number Item Number PDC06-108 11(b) Orange County Sanitation District Collections Facilities FROM: David Ludwin, Director of Engineering Originator: David May, IPMC Project Manager SUBJECT: BUSHARD TRUNK SEWER REHABILITATION PIPE PROCUREMENT, CONTRACT NO. I-2-4P GENERAL MANAGER'S RECOMMENDATION Ratify Change Order No. 2 to Bushard Trunk Sewer Rehabilitation Pipe Procurement, Contract No. I-2-4P, with Ameron International, authorizing an addition of$85,580 and 326 calendar days, increasing the total contract amount to$7,970,306. SUMMARY • Contract No. I-2-4P, Bushard Trunk Sewer Rehabilitation Pipe Procurement, includes the fabrication and delivery of 13,555 linear feet of 108-inch, and 185 linear feet of 96-inch reinforced concrete pipe for the Bushard Trunk Sewer Rehabilitation project, Job No. 1-2-4. • Boyle Engineering Corporation prepared the plans and specifications, and the contract was awarded to Ameron International on September 28, 2005. • Change Order No. 2 includes three items of additional work and one item of time extension. There are two items resulting from unforeseen conditions associated with this change order. There is a 326 calendar day time extension associated with this change order. Liquidated damages on this contract are $14,000 per calendar day if the Contractor's progress on Job No. 1-2-4 is delayed, and $5,000 if progress is not delayed. The job is now 58% complete. _ PRIOR COMMITTEE/BOARD ACTIONS The contract was awarded by the Board of Directors on September 28, 2005. Please refer to the attached Change Order Status Report for information on all previous change orders. PROJECT/CONTRACT COST SUMMARY Original Contract Price $ 7,699.777 Previously Authorized Changes $ 184,948 This Change Order(add) $ 85,580 Change Orders to Date $ 270,528 Percent Increase to Date 3.51% Amended Contract Price $ 7,970,306 Page 1 BUDGETIMPACT ® This item has been budgeted. (Lt.nem:Fv 06407 Budget Boa,.Page 848) ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) ADDITIONAL INFORMATION Contract Schedule Contract Start Date November 7, 2005 Original Contract Completion Date July 24, 2006 Total Number of Change Orders to Date 2 Current Contract Completion Date June 30, 2007 Actual Completion Date N/A Days Subject to Liquidated Damages N/A Change Order No. 1 Content Item No. Description Amount Days Type 52 Feet Additional 108-Inch $43,293.95 0 Unknown 1 Pipe Conditions Additional 96-Inch Pipe $17,563.25 0 Other 2 Fabrication Effort Additional Pipe Storage Costs $24,723.24 0 3 Other Extend Contract End Date 326 4 $0 Other Total—Change Order No. 2 $85,580.44 326 'This is an interim milestone time extension and does not extend the contract end date. Items 1 and 2 are for additional pipe length and configuration due to unforeseen conditions and a new pipe alignment. Item 3 is for additional pipe storage costs. The scope of work includes storage of up to 3,000 linear feet of pipe at Ameron facilities. At the time the contract was written, it was envisioned that Rados would begin working sooner and that pipe installation would lag pipe production by no more than 3,000 feet. However, pipe installation has lagged pipe production resulting in an average pipe storage amount of 5,879 feet per month. This is 2,879 feet more than anticipated. Ameron is seeking compensation for the additional pipe storage. Item 4 is a contract time extension. The contract end date and the final 108-inch Fabrication Milestone date both extend to June 30, 2007. Based on the current Steve P. Rados schedule for 1-2-4, pipe installation is expected through June 20, 2007. Ameron is not paid until pipe is delivered to the job site and accepted by an Orange County Sanitation District inspector at the job site. Therefore, the last pipe piece is expected to be delivered and accepted in late June 2007. There is no cost associated with this time extension. Page 2 ALTERNATIVES V None CEQA FINDINGS This project was included in the 1999 Strategic Plan Program EIR certified on October 27, 1999. A Notice of Determination was filed on October 29, 1999. Additional CEQA documentation for the project was included in Addendum No. 3 to the EIR approved on December 19, 2001. Addendum No. 8 to the program EIR was certified at the February 2006 Board meeting. These Addenda do not change CEQA findings. ATTACHMENTS 1. Budget Information Table 2. Change Order Status Report 3. Change Order Performance Report 4. Change Order DM:sp HMepllagendalBoard Agenda Repods12006 Board Agenda Repods11106111era 11(b).1-24P.doc Page 3 C BUDGET INFORMATION TABLE Bushard Trunk Sewer Rehabilitation Pipe Procurement JOB NO. 1-2-4P CO No. 2 INCRFJIBE �PU8Eb. FUHOE TNIB - ESTIMATED ESTIMATED' ORIORAL PROJECT PIXO PROPOSED TOTAL PAOJECTIPHABE AUTHORIZED PROJECT REVISED AUTHDRIZED TU AUTNdaitAMOM EXPENbt7URE Eiklibibid. Ad7NORUATION 9000ET BUDGET /OECIXEACE BUDGET DATE RECbE6T TO DATE - T1ATE1%) Phase l-Pmecl Development $ 74,000 5 74,OOD $ 74,000 $ 74,000 $ 74.000 $ 74,649 101% Phase 2-Prelimina Design $ 10.000 $ 10,00D 5 10.000 S 10.000 $ 10.000 $ 9.328 93% Phase 3-Desf n $ 2.105.000 $ 2.168.000 S 2,168=0 S 2.158.000 $ 2158000 $ 2,178.688 100% Phase 4-Construdlon $ 48142.000 S 58126.946 S 85,550 S 58,412,528 S 54,119.002 $ 85580 $ 54,204,582 S 35.725,597 66% Phase 5-Commissioning $ 416000 S 416,D00 $ 416.000 $ 326.0DO $ 326,OOD S 251,509 ]7% Phase 6-Close-Out $ 72000 E 72.000 $ 72,D00 S 40.000 S 40,000 $ 1.667 4% Phase 7-Conan enc $ 2698000 S 2513.052 E 2513052 $ 2898000 E 2,698p00 O% PROJECT TOTAL $ 53,550,000 $ 63.680,000 E J85,5801 $ 53,665,580 $ 59,435,002 $ 85,580 S 59,520,582 $ 38,241,72E 84% Reimbursable Coats 1 f 00.795 PROJECT NET $ 53,580,000 S 63,580,000 $ 85,660 $ 63,685.580 vi S 69,435,002 $ 85,580 S 59.520.582 1 E 38.302,523 1 64% PSAIContrecl PD5A- b $ 645,300 $ 2.467.825 $ 2,467,825 11"' S 2,467.825 S 2,467,825 $ 2166745 88% PDSA-Earth Tech $ 2,000.000 S 2,052,593 $ 2052.593 $ 2,052593 $ 2,M,M $ 0% PDSA-Malcolm PMle S 223.045 $ 223,045 ":5 $ 223045 $ 223046 $ 79257 30% PDSA-Albwi Cover $ - $ 153.000 $ 183.Ow " S 153,000 E 153000 S 88,000 55% Coned $ 7,699,777 $ 7,664,725 E 05650 7,970= 'i $ 786472E E 85560 $ 7070306 S 0% 424 Contrail-Rados S 70,003R70 i 306]B BTI f 70678 n Ir S 32,284139 $ 32261,139 S 16247,380 W% t-24A Contrecl-6ubalo E 10,0.0,000 S T1,1B1.b00 S 11pB1.500 i S 1t,1B1500 S 11191,500 S 0% Southem Califumla Edison ls -is 350000 1 Is 350.000 "�? 350,0001 Is 350,000 1S 0% EOM50381UIB CHANGE ORDER STATUS REPORT BUSHARD TRUNK SEWER PIPE PROCUREMENT JOB NO. I-2-4P CO No. 2 ITEM APPROVAL CONTRACT CONTRACTCOST PERCENTAGE AUTHORIZED AUTHORIZED TIME GATE COST TO DATE INCREASE TIME TO DATE (DAYS) (DAYS) CONTRACT November 7, 2005 $7,699,777.30 $7,699,77T30 260 260 CO NO. 1 June 28, 2006 $184,948.00 $7,884,725.30 2.40% 15 275 CO NO.:2 Pending $85.580.44 $7,970,305.74 3.51% 326 001 EDMS 003818413 CHANGE ORDER PERFORMANCE REPORT BUSHARD TRUNK SEWER REHABILIATION PIPE PROCUREMENT JOB NO.I-24P,CHANGE ORDER NO.2 Contractor:AMMON INTERNATIONAL Project Category:COLLECTIONS Design Coneullanl:BOYLE ENGINEERING Contract%Complete:58% Orlglnal Contract Price: S7,99917n CHANGE ORDER TYPES TRACKED INFORMATION ONLY R9lroeu=0.10. Non-blmeuneab 9u9tabl GO Typn Unenewn Condition SbR MeunbtlGbrg4 � Errors Deelgn Errors Tracked, OR14r. Tob1 Change anthl eOnlom $43,294 0.56% $0 0.00%i SO 0.00% $0 0,00% 543,2 44 0,56% $42.286 0.55% $85.580 1.11Y. DaPeriod Change Ortl9rab $0 0.00% $0 0.00% f0 0.00% 3184.948 2.40% $184.948 2.40% $0 O.UD% $184.948 2.40% Change Ortler Total $43,294 0.56% 50 0.00°6 SO 0.00% $184.948 2.40% $228,242 2.98A $42,286 0.55% $270,628 3.51% Opale Program <3.00% <1.00% 0.00% <1.00% <5.00% 0.00% <5.00% Perbrmanra 'The Cheige Greer Mena9emem Wm Ineke Ne proestllryburehenpa pmerrypn Version 311I2006 EOM9 W3111e412 J Page 1 of 4 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Ameron International C.O. No.: Two 2 Date: November 15, 2006 Job: Bushard Trunk Sewer Pipe Procurement Job No. 1-2-4P Consultant: Boyle Engineering Corporation Amount of this Change Order(Add)(DedusE) $85580.44 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation, the following additions to or deductions from the contract price are hereby approved. ITEM 1 —52 FEET ADDITIONAL 108-INCH PIPE Ameron bid the original contract assuming 654 pieces of 108-inch pipe, each 20 feet in length and 75 pieces of 108-inch pipe each 8 feet in length. The bid included a total of 728 pieces of 108-inch pipe to be fabricated. The subsequent location of the Bushard Diversion Box and unforeseen underground utility interferences resulted in the need for 52 feet of additional 108-inch pipe. ADDED COST THIS CHANGE ORDER ITEM: $ 43,293.95 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM 2—ADDITIONAL EFFORT FOR 96-INCH PIPE FABRICATION As part of the Value Engineering Change Proposal accepted from Mike Bubalo Construction Company, Inc., (see Change Order No. 2, Contract 1-2-4A) the Orange County Sanitation District (Sanitation District) agreed to supply 96-inch pipe in the new alignment. The new alignment resulted in the need for additional T-lock pipe lining material, as well as the fabrication of more short pieces of pipe and less longer pieces. In order to minimize intersection closure duration, Ameron also expedited the pipe fabrication and delivery. ADDED COST THIS CHANGE ORDER ITEM: $17,563.25 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM 3—ADDITIONAL PIPE STORAGE COSTS Up to 3,000 feet of pipe storage is covered under the existing contract terms for the contract duration. During the months of April through August 2006, Ameron stored more than 3.000 feet of pipe. The cost for each foot of pipe stored in excess of 3,000 per month is$1.72 per foot. The total additional storage cost for the months of April through August 2006 is $24,723.24. ADDED COST THIS CHANGE ORDER ITEM: $24,723.24 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Page 2 of 4 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 9272"127 CHANGE ORDER Contractor: Ameron International C.O. No.: Two 2 Date: November 15, 2006 Job: Bushard Trunk Sewer Pipe Procurement Job No. I-2-4P Consultant: Boyle Engineering Corporation ITEM 4—EXTEND CONTRACT END DATE Change Order No. 1 to the contract extended the contract end date to August 8, 2006. Ameron has fabricated pipe at a much faster rate than Steve P. Rados has installed the pipe. Therefore, all pipe in the contract has been fabricated. Contract payment terms require payment upon delivery to the job site and acceptance by the Sanitation District at the job site. Based on the current schedule with Steve P. Rados it is estimated that pipe will continue to be delivered through June 2007. Therefore, the contract duration is being extended at no cost to account for the expected end of pipe delivery. The new contract end date would be June 30, 2007. Additionally, the final 108-inch pipe fabrication milestone extends to the new contract end date of June 30, 2007. ADDED COST THIS CHANGE ORDER ITEM: $ O.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 326 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $85,580.44 TOTAL TIME EXTENSION THIS CHANGE ORDER: 326 Calendar Days Y Page 3 of 4 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Ameron International C.O. No.: Two 2 Date: November 15 2006 Job: Bushard Trunk Sewer Pipe Procurement Job No. 1-24P Consultant: Boyle Engineering Corporation The additional work contained within this change order can be performed incidental to the prime work and within the time allotted for the original contract and any extensions to the contract time made by this and all previously issued change orders. It is therefore mutually agreed that a 326 calendar day extension of time to perform the work is required for this change order, and no other direct or indirect. incidental or consequential costs, expenses, losses, or damages have been or will be incurred by Contractor, except as expressly granted and approved by this change order. SUMMARY OF CONTRACT TIME Original Contract Date: November 7, 2005 Original Contract Time: 260 Calendar Days Original Completion Date: July 24, 2006 Time Extension this C.O.: 326 Calendar Days Total Contract Time Extension: 341 Calendar Days Revised Contract Time: 601 Calendar Days Revised Final Completion Due Date: June 30, 2007 Time Subject to Liquidated Damages: NIA Actual Final Completion Date: NIA Original Contract Price $ 7,699,777.30 Prev. Authorized Changes $ 184.948.00 This Change (Add) (BedusE) $ 85,580.44 Amended Contract Price $ 7,970,305.74 i'y Page 4 of 4 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728.8127 CHANGE ORDER Contractor: Ameron International C.O. No.: Two 2 Date: November 15, 2006 Job: Bushard Trunk Sewer Pipe Procurement Job No. 1-2-4P Consultant: Boyle Engineering Corporation Board Authorization Date: November 15, 2006 ORANGE COUNTY SANITATION DISTRICT Recommended by: Tod E. Haynes, P.E. Date Engineering and Construction Manager Approved by: David A. Ludwin P.E. Date Director of Engineering Accepted by: Ameron International Contractor Date EDMS ODM18411 PDC COMMITTEE Meeting Dae Toed.mci,. 11/02/06 11/16/06 AGENDA REPORT Item Number Item Number PDC06-109 11(c) Orange County Sanitation District Collections Facilities FROM: David Ludwin, Director of Engineering Originator: David May, IPMC Project Manager SUBJECT: ELLIS AND BUSHARD INTERSECTION, CONTRACT NO. I-2-4A GENERAL MANAGER'S RECOMMENDATION Ratify Change Order No. 3 to Ellis and Bushard Intersection, Contract No. 1-24A, with Mike Bubalo Construction, Inc., authorizing an addition of$552,984, increasing the total contract amount to $10,928,826. SUMMARY • Contract No. 1-24A is related to Job No. 1-2-4, Bushard Trunk Sewer Rehabilitation. Job No. 1-2-4 replaces approximately five miles of existing 54-inch diameter pipe with new 108-inch diameter pipe. • The purpose of Contract No. 1-24A is to consolidate work in the Ellis Avenue and Bushard Street intersection and allow work to be performed in less time and in a safer work area. Work is also performed in parallel with new piping being installed on Bushard Street south of the intersection ensuring the entire effort is completed in a shorter duration. • Malcolm Pirnie, Inc. prepared the plans and specifications and the contract was awarded to Mike Bubalo Construction Company, Inc. on February 22, 2006, • Consistent with Change Order No. 1, Mike Bubalo Construction Company, Inc. submitted a Value Engineering Change Proposal (VECP) to Orange County Sanitation District (Sanitation District). The proposal changes the construction method and will eliminate bypass pumping and revise some piping alignment. The proposal results in a reduction of the contract amount. • Change Order No. 3 includes a correction to Change Order No. 2, changing the Sanitation District's share of the VECP net savings from 60%to 50%. Staff originally negotiated in good faith for a 60% share of net savings to the Sanitation District. It was subsequently discovered that Public Contract Code (PCC 7101) mandates a 50% share. PCC7101 is attached. FOm1 No 1b R ft Rem',-PDL Dep 3v Re.•.a: 1lnrzaos Page 1 V There is one potential reimbursable error associated with this change order. Additional portions of this change order are due to unforeseen field conditions. PRIOR COMMITTEEIBOARD ACTIONS The contract was awarded by the Board of Directors on February 22, 2006. Please refer to the attached Change Order Status Report for information on all previous change orders. PROJECTICONTRACT COST SUMMARY Original Contract Price $ 11,191,500 Previously Authorized Changes $ (815,658) This Change Order (CO No. 3, Add) $ 552,984 Change Orders to Date $ (259,178) Percent Increase to Date (2.35%) Amended Contract Price $ 10,928,826 BUDGETIMPACT ® This item has been budgeted. (Line item:FY O6/07 Budget Book.Page 646) ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) ADDITIONAL INFORMATION Contract Schedule Contract Start Date May 8, 2006 Original Contract Completion Date January 2, 2007 Total Number of Change Orders to Date 3 Current Contract Completion Date January 22, 2007 Actual Completion Date N/A Days Subject to Liquidated Damages N/A Change Order No. 3 Content Item No. Description Amount Days Type Revision to Change Order 1 No. 2 VECP Split from 60/40 $134,739 0 Other to 50/50 Minor Change to Bid Time 2 Addition in Accordance with $1,150 0 Other Item 1 Above 3 Installation of Isolation Valves $24,500 0 Unknown on 12-Inch OCWD Water Line Conditions Fam Na.ow1ceJ AeV^m pepod—PDC Dep.32D WuW 1114006 Page 2 Signal Work at Brookhurst 4 and Talbert Prior to Full $13051 0 Unknown , Closure of the Ellis and Conditions Bushard Intersection Isolation of a 36-Inch Force 5 Main at Plant No. 2 Prior to $15270 0 Unknown , Demolition of the Ellis and Conditions Bushard Pum Station 6 Relocation of an 8-Inch $119,745 20 Reimbursable SDG&E Gas Line Design Errors Provide T-Lock PVC Liner on $8,660 0 Staff 7 Fill Concrete in Bushard Requested Suction Structure Changes Provide T-Lock PVC Liner on $4,290 0 Staff 8 96-Inch Bulkhead in Bushard Requested Suction Structure Chan es Additional Traffic Control at $227,147 0 Non- 9 the Direction of the City of Reimbursable Fountain Valley I I IDesi n Errors 10 Relocation of an OCWD $9,432 0 1 Unknown Conduit for Barrier Wells I Conditions Total Change Order No. 3 1 $562,984 0 Items 1 and 2 are due to changes resulting from a change in the VECP split from 60/40 as shown in Change Order No. 2 to the revised percentage split of 50150. Items 3, 4, 5, 6, and 10 are due to changed conditions encountered during the installation of the below-grade structures. Item 6 may be a partially recoverable design omission; staff is investigating possible reimbursement. Items 7 and 8 were requests made by operations to enhance the longevity of the Bushard suction structure. Item 9 was directed by the City of Fountain Valley prior to allowing full closure of the Ellis and Bushard intersection. ALTERNATIVES None F.W O IM4 OymiCeRAm-wc �,m ne.een „metre Page 3 I CEQA FINDINGS This project was included in the 1999 Strategic Plan Program EIR certified on October 27, 1999. A Notice of Determination was filed on October 29, 1999. Additional CEQA documentation for the project was included in Addendum No. 3 to the EIR approved on December 19, 2001. Addendum No. 8 to the program EIR was certified at the February 2006 Board meeting. These Addenda do not change CEQA findings. ATTACHMENTS 1. Budget Information Table 2. Change Order Status Report 3. Change Order Performance Report 4. Change Order 5. Copy of Public Contract Code, Section 7101 DM:sp:kf KWepNagendaSoard Agenda Rep ns12006 Board Agenda Repohs\ lMlenn 11(c).1-24Adoc Forth No.OW IM a pogkC puRn_peg dF1.a$0 Rmi. 111. Page 4 BUDGET INFORMATION TABLE Bushard Trunk Sewer Rehabilitation CONTRACT NO. 1-2.4A, CO #3 ORIGINAL CURRENT PROPOSED PROPOSEDFUNDS THIS ESTIMATED ESTIMATED BUDGET. FAUTHORmATION j2.16NO PROJECTlPHASE AUTHORIZED PROJECT REVISED AUTHORIZED TO AUTHORIZATION EXPENDITURE kXPEHDED TO BUDGET BUDGET INCREASE BUDGET DATE REQUEST TO DATE DATE(%) /DECREASEPh I-Proect Deselo menl $ 74,000 S 74.00D S 74.000 S 74.000 $ 74649 101% Phase 2-PreBmina Des n $ 10,000 $ 10.000 S 10AW S IOADD $ 9.328Phan 3-D $ 2.168.000 S 2.188.000 $ 2.168.000 f 2,168.000 $ 2.178,688 100% Phase 4-cmg=lion S 48142.000 S 58.32890 S 552,984 1 $ 58.879.932 S 64119.002 E 652.084 S 54.671.986 1 $ 35725.697 65% Phan 5-Commission f 418,000 $ 416.000 S 416,000 $ 326000 f 328,000 E 251.500 ll% Phess 6-CbatrOut $ 72.000 S 72,000 $ 72.000 $ 40,000 $ 40.000 $ 1.657 4% Phau 7-CoMhoency S 2.89B.000 S 2b13.052 $ 562.984 S 1,960,068 6 2.698,00D E (5R.9841 $ 2.145.016 0% PROJECTTOTAL $ 63,M,000 I S 03,550,000 $ - $ 63,580.000 S 59,435,002 $ - $ 59,435,002 $ 30.241.728 fi4% Reimbursable Costs I I I I I 1 1 $ (60,795) PROJECT NET 1 $ 53.650A00 1 $ 63.550,000 f - 3 63,580.000 1,1 f 59,435,002 IS - $ 59,435,002 1 $ 38,302,523 1 64% PSAIContract PDSA-Ba e E B/6,300 S 2467A25 $ 2.467.825 E 2.467,525 $ 2,467,825 $ 124,282 5% POSH-Eadh Tech $ 2.000,000 f 2,531,280 S 2,531 gas '.. f 2.052,593 $ 2A52,593 S 1769124 56% PDSA-Makolm Pimk $ - f 223.045 S 223.045 -: f 223046 $ 223,045 $ 84,417 38% PDSA-Alben Grover $ . f 153000 f 153,000 $ 153.000 $ 153,000 $ 88.000 58% COMMeI I-2J -Ameron $ 7,699.777 f 7,a8I725 $ 7884.725 ':'. $ 7,1184726 $ 7684.725 $ 967.841 12% -21 Cohu-Rjdoe 3 308680 346.12M 20,,TB95 60% 562.984 10, 882808 4843, a... 000I-2 0.00 ,00 S 10,37S5,82 f 552964 10.fiB6,82 $ 1 . 75. 2 42% Southern Camomia E6Han Is -is 350.0001 Is 350.000 1 j$ 350,000 1 is 350,000 15 0% EDMSMIM Page 2 of 6 ORANGE COUNTY SANITATION DISTRICT 108" ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor. Mike Bubalo Construction Co.. Inc. C.O. No.: Three 3 Date: November 15 2006 Job: Bushard Trunk Sewer Rehabilitation. Ellis and Bushard Intersection Job No. 1-2�A Consultant: Malcolm Pimie, Inc. Item 4—TRAFFIC SIGNAL MODIFICATION WORK This item covers cost associated with traffic signal modification work at the intersection of Brookhurst and Talben. This work was necessary prior to closing the intersection of Ellis Avenue and Bushard Street to perform contracted work because of the full closure there. (Reference FCO No. 002) ADDED COST THIS CHANGE ORDER ITEM: $13.051 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 5 — OCSD FORCE MAIN ISSOLATION AT PLANT#1 This item covers cost associated with isolating the 36-inch force main at OCSD Plant#1. This work was in response to request for proposal submitted to the CONTRACTOR requesting the work. Field negotiations arrived at an agreed upon price prior to executing the work. Included are costs associated with coordination problems to complete this work according to the agreed price and schedule. (Reference FCO No. 004) ADDED COST THIS CHANGE ORDER ITEM: $15,270 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 6—RELOCATION OF 8-INCH GAS MAIN This item covers cost associated with the relocation of an 8-inch gas line and delays resulting from this work. This work was in response to request for proposal. Negotiations occurred in the field and an agreement was reached as to the cost for performing the lie relocation. Included in the cost for this change order are costs associated with delays coordinating and completing this work. Analysis of the impact schedule showed a delay to the completion of the contract in an amount of 20 days. (Reference FCO No. 005). This item is a possible reimbursable design error. ADDED COST THIS CHANGE ORDER ITEM: $119,745 TIME EXTENSION THIS CHANGE ORDER ITEM: 20 Calendar Days Item 7— INSTALLATION OF T-LOCK PVC IN BUSHARD SUCTION STRUCTURE This item covers cost associated with providing T-Lock PVC protective coating in the fill concrete of the Bushard Suction structure. The PVC coating was not shown on the design drawings because this concrete is not structural concrete. Operations staff determined that the PVC coating was necessary to extent the performance life of the structure. (Reference FCO No. 006) Signal Work at Brookhurst 4 and Talbert Prior to Full $13,051 0 Unknown Closure of the Ellis and Conditions Bushard Intersection Isolation of a 36-Inch Force 5 Main at Plant No. 2 Prior to $15 270 0 Unknown Demolition of the Ellis and Conditions Bushard Pump Station 6 Relocation of an 8-Inch $119,745 20 Reimbursable SDG&E Gas Line Design Errors Provide T-Lock PVC Liner on $8,660 0 Staff 7 Fill Concrete in Bushard Requested Suction Structure Changes Provide T-Lock PVC Liner on $4,290 0 Staff 8 96-Inch Bulkhead in Bushard Requested Suction Structure Changes Additional Traffic Control at $227,147 0 Non- 9 the Direction of the City of Reimbursable Fountain Valley n Errors Relocation of an OCWD $9,432 0 Unknown 10 0= n Conduit for Barrier Wells Conditions Total Change Order No. 3 $552,984 0 Items 1 and 2 are due to changes resulting from a change in the VECP split from 60140 as shown in Change Order No. 2 to the revised percentage split of 50/50. Items 3, 4, 5, 6, and 10 are due to changed conditions encountered during the installation of the below-grade structures. Item 6 may be a partially recoverable design omission; staff is investigating possible reimbursement. Items 7 and 8 were requests made by operations to enhance the longevity of the Bushard suction structure. Item 9 was directed by the City of Fountain Valley prior to allowing full closure of the Ellis and Bushard intersection. ALTERNATIVES None vmn wo.ow.,aza a��-� �m ne.uee „mmoe Page 3 CEQA FINDINGS This project was included in the 1999 Strategic Plan Program EIR certified on October 27, 1999. A Notice of Determination was filed on October 29, 1999. Additional CEQA documentation for the project was included in Addendum No. 3 to the EIR approved on December 19, 2001. Addendum No. 8 to the program EIR was certified at the February 2006 Board meeting. These Addenda do not change CEQA findings. ATTACHMENTS 1. Budget Information Table 2. Change Order Status Report 3. Change Order Performance Report 4. Change Order 5. Copy of Public Contract Code, Section 7101 DM:sp:kf H:WepDagenda%8wrd Agen1a Reports@dW Board Agenda ReporisUlMtem 11(c).I-2AAdm Form No.V im-3 D %3ID fpa— Reµ - Pb�ifa'. t1Rtn(MCa Page 4 BUDGET INFORMATION TABLE Sushard Trunk Sewer Rehabilitation CONTRACT NO. 1-2-4A, CO#3 ORIa1NAL CUWRExr PROPO$Eb PkIiP6sEb PQN08 ` i1d6E%LftcmizAjnoA EEnfeA7�D EsiiMATEo,. BUDGET . . -. � PROJECTIPHASE AUTNORMED PROJECT INCREASE RE ABED AUTHORUE6 TO AUTA01EATIO11 "SUDOET muDGHT INCCREASE MUOOET DATE REQUEST TO DATE EATPhaw1-Pmecl Dawlo ment S 74,D00 S 74.000 S 74.000 S 74.D00 S 74.649 101% 2-Pm1imine Des n S 10000 S 10.000 S 10.000 $ 10.000 $ 9.328 93% Phew 3-Des' n $ 2.168.000 $ 2.168.000 S 2.168.000 $ 2.168.000 $ 2.178,688 100% Phaw4-Coretruclion S 48,142.000 S 58.326.948 S 552.984 1 S 58.879.932 S 54.119.002 $ 02.964 S 5071.986 $ 35.725,897 65% Phase 5-Commissioning $ 416.000 S 416,000 S 416,000 S 326.000 $ 326,00D $ 251.509 77% Phaw 6-Close-OW S 72,000 S 72,000 $ 72.000 $ 40.000 $ 40.D00 $ 1.657 4% Phew 7-Cw§ngwcy $ 2.6961100 $ 2.513.052 $ 552.984 $ 1.960A88 $ 2.698.000 E 552,9M $ 2,145.016 0% PR ECT TOTAL S 53,580.00o $ 63,580,000 $ - $ 63,580.00D $ 59.435.002 $ - $ 59.435,002 S 38.241,728 W% Reimbursable Costs S (60,795 PROJECT NET $ 53.680.000 $ 63.580.000 $ - S 63,580,000 :.: S 59.435,002 S - S 59,435.002 1 S 38.302.523 1 64-4 PSAIContracl PDSA-Bo E 845.300 $ 2.467,825 S 2.467.825 -' S 2,487.825 S 2.467,825 S 124,282 5% PDSA-EaM Tech $ 2.0=000 S 2.531286 $ 2.531.286 $ 2=393 S 2,052,593 S 1769,124 86% PDSA-Malcolm Pimie S - S 2M.045 S 223.045 S 223.04.5 $ 223,045 S 64,417 3B% PDSA-AlbW Gmm 6 - $ 153,000 $ 153,000 r' S 153,000 $ 153,000 $ 88.0m 88% Contract 1-2J -Amemn $ 7.699.777 S 7,864.725 $ 7.854.725 S 7,8M.725 $ 7.884.725 $ 967.841 12% 42-4 Contred-Ratlos S 3 003.210 $ 34,866,708 $ 31.Ba8706 1- S 34,M.708 9 34,BB672 $ 20.773.885 80% 424A Contrail-SWwb S 10.000.000 f 10.3]5,842 S 552,884 $ 10,928,826 ^P $ 10,375.Ba2 E 562.BB4 4 t0.B28.826 E 4,643.000 42% SoWhem Calibmis E6iwn Is -is 350.000 I I E 350.000 $ 350.000 I Is 350.000 IS 09, mNsm3el"m CHANGE ORDER STATUS REPORT BUSHARD TRUNK SEWER REHABILITATION CONTRACT NO. I-2-4A CO #3 ITEM APPROVAL CONTRACT CONTRACT COST PERCENTAGE AUTHORIZED AUTHORIZED TIME DATE COST TO DATE INCREASE TIME TO DATE (DAYS) (DAYS) CONTRACT February 22, 2006 $11,191,500.00 $11,191,500.00 240 240 CO NO. 1 May 24.2006 $0 $11,191.500.00 0.00% 0 240 CO NO.2 August 23, 2006 ($815.658) $10.375.842.00 -7.29% 0 240 CO NO. 3 Pendin $552,984.00 $10,925,826.00 -2.35°k 20 Z60 EDMS 003818356 CHANGE ORDER PERFORMANCE REPORT BUSHARD TRUNK SEWER REHABILITATION-Ellis A Sushard Intersecllon CONTRACT NO.I-2-4A,CHANGE ORDER NO.3 Contractor:MIKE BUBALO CONSTRUCTION COMPANY,INC. Project Category:COLLECTIONS Design Consultant:MALCOLM PURNIE,INC. Contract%ComOlele:42% Original Contract Price: f1t,tBt,500 CHANGE ORDER TYPES TRACKED INFORMATION ONLY Unknown Condnlon BON ReyuesledCMrga: ReMrhuraseN Oeelgn Nam-RVImOunaa4 Sutrlotat COTVm Omer TotalE. deign Errors Teseb2r Change Ortlan $82,253 0.58% S12.B50 0.12% $119.74 1.07% S222.147 1.98% $417.095 3.73% S135ASB 121% $662,984 491 this Period Change Orders ta SO 0.00% SO 0.00% SO 0.00% SO 0.00% 50 0.00% (S815,858) -7.28% (E815.6513) -7.29 D M Change Order Total $62263 0.56% $12.950 0.12% $119.745 1.07% S222.147 1.98% 3417.095 3.73% (S679.789) 41.0M (S262.674) .235% Program <3.00% <1.00% 0.00% <1.00% c5.00% GAB% <5.00% Perfi rraane0 Goals The Chirps Order MeruaemeM Ran hecMe th PreW6O ft.Grsrge order Nees Version 311720De EOMS 00]a103a7 r Page 1 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Mike Bubalo Construction Co.. Inc. C.O. No.: Three 3 Date: November 15, 2006 Job: Bushard Trunk Sewer Rehabilitation. Ellis and Bushard Intersection Job No. I-2-4A Consultant: Malcolm Pimie. Inc. Amount of this Change Order (Add)(9edasE) $552,984 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation, the following additions to or deductions from the contract price are hereby approved. Item 1 — MODIFICATION OF VALUE ENGINEERING CHANGE PROPOSAL CLAUSE This item modifies General Condition 60 VALUE ENGINEERING CHANGE PROPOSAL, subsection FA. This subsection states that the net contract savings will be split 600/0 OCSD and 40-A CONTRACTOR. The percentage distribution shall be changed to 50% OCSD and 50% CONTRACTOR, as required by Public Contract Code 7101. Staff was made aware of the code requirement after the Board of Directors passed Change Order No. 2. ADDED COST THIS CHANGE ORDER ITEM: $134,739 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 2 —ADJUSTMENT OF BID ADDITION This item is an adjustment to the bid addition of$100,000 submitted by Mike Bubalo Construction Company, Inc., as modified by Change Order No. 2, Item 2. The formula used in Change Order N0.2, Item 2 incorrectly calculated the reduction to the bid addition Rem. This Item corrects the formula to proportionally adjust the reduction of the bid addition and reflects the modification made under Item 1 above. ADDED COST THIS CHANGE ORDER ITEM: $1,150 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 3— INSTALLATION OF TWO ADDITIONAL 121N. WATER VALVES This Rem covers cost associated with providing two (2) additional 12` valves on an existing CFV potable water line. These valves were needed in Ellis Avenue (north and south of the intersection at Bushard Street) to allow isolation of the line and to prevent disruption of service to two parts of the adjacent neighborhood. This work was necessary to allow uninterrupted progress of this project. CFV provided on site inspection to ensure this work was in compliance with their standards and specifications in addition to providing approval for materials used. (Reference FCO No. 001) ADDED COST THIS CHANGE ORDER ITEM: $24,5W TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Page 2 of 6 a ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor. Mike Bubalo Construction Co.. Inc. C.O. No.: Three(3) Date: November 15 2006 Job: Bushard Trunk Sewer Rehabilitation. Ellis and Bushard Intersection Job No. 1-2-4A Consultant: Malcolm Pirnie, Inc. Item 4—TRAFFIC SIGNAL MODIFICATION WORK This item covers cost associated with traffic signal modification work at the intersection of Brookhurst and Talbert. This work was necessary prior to closing the intersection of Ellis Avenue and Bushard Street to perform contracted work because of the full closure there. (Reference FCO No. 002) ADDED COST THIS CHANGE ORDER ITEM: $13,051 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 5—OCSD FORCE MAIN ISSOLATION AT PLANT#1 This item covers cost associated with isolating the 36-inch force main at OCSD Plant#1. This work was in response to request for proposal submitted to the CONTRACTOR requesting the work. Feld negotiations arrived at an agreed upon price prior to executing the work. Included are costs associated with coordination problems to complete this work according to the agreed price and schedule. (Reference FCO No. 004) ADDED COST THIS CHANGE ORDER ITEM: $15,270 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 6—RELOCATION OF 8-INCH GAS MAIN This item covers cost associated with the relocation of an 8-inch gas line and delays resulting from this work. This work was in response to request for proposal. Negotiations occurred in the field and an agreement was reached as to the cost for performing the lie relocation. Included in the cost for this change order are costs associated with delays coordinating and completing this work. Analysis of the impact schedule showed a delay to the completion of the contract in an amount of 20 days. (Reference FCO No. 005). This item is a possible reimbursable design error. ADDED COST THIS CHANGE ORDER ITEM: $119,745 TIME EXTENSION THIS CHANGE ORDER ITEM: 20 Calendar Days Item 7— INSTALLATION OF T-LOCK PVC IN BUSHARD SUCTION STRUCTURE This item covers cost associated with providing T-Lock PVC protective coating in the fill concrete of the Bushard Suction structure. The PVC coating was not shown on the design drawings because this concrete is not structural concrete. Operations staff determined that the PVC coating was necessary to extent the performance life of the structure. (Reference FCO No. 006) ` Page 3 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Mike Bubalc Construction Co.. Inc. C.O. No.: Three 3 Date: November 15, 2006 Job: Bushard Trunk Sewer Rehabilitation. Ellis and Bushard Intersection Job No. 1-24A Consultant: Malcolm Pirnie. Inc. ADDED COST THIS CHANGE ORDER ITEM: $8,660 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 8—INSTALLATION OF T-LOCK PVC ON 78-INCH BULKHEAD IN BUSHARD SUCTION STRUCTURE The field change order covers cost associated with providing T-Lock PVC protective coating on the 78" bulkhead on the Bushard Suction structure. The VECP proposal originally proposed a coal-tar epoxy coating for this bulkhead. The Coal-tar epoxy was rejected by Operations who requested that the CONTRACTOR install the PVC protecting coating instead. (Reference FCO No. 007) ADDED COST THIS CHANGE ORDER ITEM: $4,290 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 9—ADDITIONAL TRAFFIC CONTROL REQUIRED PRIOR TO CLOSURE OF THE ELLIS-BUSHARD INTERSECTION This item covers an increase in cost due to increased traffic control requirements directed by the City of Fountain Valley prior to allowing the CONTRACTOR to close the intersection at Ellis Ave. and Bushard Street. There are three separate costs associated with this item. 1. The first is the cost associated with implementing the necessary changes prior to allowing the intersection closure. The additional cost associated with the installation of traffic control is $56,042. 2. The second is a cost for full traffic control due to the 20 day contract extension due delays caused by work completed under FCO 005. This cost is based on the total of Line item 4 ($200,000). It is assumed that 25% of this was for installation or$50,000. The remaining $150,000 was divided by the contract duration of 240 days deriving a cost of$625/day plus the costs for additional traffic control describe in the third item or$668/day. The cost due to the- 20 day delay due to Item 6 above is $1,293/day totaling $25,860. 3. The third is a monthly cost for the additional traffic control for the duration of the project. The monthly cost difference from design to implementation is $20,035/month from May 22, 2006 to January 22, 2007 totaling $140,245. (Reference FCO No. 009) ADDED COST THIS CHANGE ORDER ITEM: $222,147 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Page 4 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728.8127 CHANGE ORDER Contractor: Mike Bubalo Construction Co.. Inc. C.O. No.: Three 3 Date: November 15, 2006 Job: Bushard Trunk Sewer Rehabilitation. Ellis and Bushard Intersection Job No. 1-2-4A Consultant: Malcolm Finale. Inc. Item 10—RELOCATION OF A 480 VAC LINE ADJACENT TO OCWD WATER LINE This item covers cost associated relocating a 480 VAC line for OCWD. This work was necessary because these conduits and 480VAC lines were encased in concrete immediately adjacent to the 24-inch OCWD barrier line. Removal of the 24-inch line is part of the contract and is scheduled to be replaced with a 30-Inch line after installation of the 108-Inch Bushard sewer. (Reference FCO No. 011). OCWD will reimburse OCSD for the costs associated with this Rem. ADDED COST THIS CHANGE ORDER ITEM: $9,432 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $552,984 TOTAL TIME EXTENSION THIS CHANGE ORDER: 20 Calendar Days The additional work contained within this change order can be performed incidental to the prime work and within the time allotted for the original contract and any extensions to the contract time made by this change order and all previously issued change orders. It is therefore mutually agreed that no extension of time to perform the work is required for this change order, and that no direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by the CONTRACTOR, except as expressly granted and approved by this change order. SUMMARY OF CONTRACT TIME Original Contract Date: May 8, 2006 Original Contract Time: 240 Calendar Days Original Completion Date: January 2, 2007 Time Extension this C.O.: 20 Calendar Days Total Contract Time Extension: 20 Calendar Days Revised Contract Time: 260 Calendar Days Revised Final Completion Due Date: January 22, 2007 Time Subject to Liquidated Damages: N/A Actual Final Completion Date: N/A Original Contact Price $11,191.500 Prev.Authorized Changes $ (815,658) This Change (Add) (PedueE) $ 552.984 e Page 5 of 6 ORANGE COUNTY SANITATION DISTRICT 108"ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Mike Bubalo Construction Co.. Inc. C.O. No.: Three(3) Date: November 15, 20D6 Job: Bushard Trunk Sewer Rehabilitation Ellis and Bushard Intersection Job No. 1-2-4A Consultant: Malcolm Pimie, Inc. Amended Contract Price $10,928.826 s I , Page 6 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Mike Bubalo Construction Co.. Inc. C.O. No.: Three 3 Date: November 15, 2006 Job: Bushard Trunk Sewer Rehabilitation Ellis and Bushard Intersection Job No. 1-2-4A Consuttant Malcolm Pimie, Inc. Board Authorization Date: September 27, 2006 ORANGE COUNTY SANITATION DISTRICT Recommended by: Tod E. Haynes, P.E. Date Engineering and Construction Manager Approved by: David A. Ludwin P.E. Date Director of Engineering Accepted by: Mike Bubalo Construction Co., Inc. Contractor Date ELMS 003818357 1 PDC COMMITTEE Meeting Dale Ta ee.of wr. 11/02/06 11/15/06 AGENDA REPORT Item Numlar Item Number PDC06-110 Well Orange County Sanitation District ®D•II•ctiaas Facllltias FROM: David Ludwin, Director of Engineering Originator: Gino Rapagna, IPMC Project Manager SUBJECT: SUNFLOWER INTERCEPTOR MANHOLE REHABILITATION, CONTRACT NO. 7-21 GENERAL MANAGER'S RECOMMENDATION (1) Ratify Change Order No. 2 to Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21, with Sancon Engineering, Inc., authorizing a reduction of$24,675, reducing the total contract amount to $2,078,346; and (2)Accept Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21, as complete, authorizing execution of the Notice of Completion and approving the Final Closeout Agreement. SUMMARY • This contract is for the rehabilitation or repair of 40 manholes and repair of pipelines at several locations on the Sunflower Interceptor Sewer. • Tran Consulting Engineers prepared the plans and specifications and the contract was awarded to Sancon Engineering, Inc. on June 22, 2005. • This change order includes one item of deleted work and two items of additional cost. There are no reimbursable design errors and no nonreimbursable design errors associated with this change order. Liquidated damages for this contract are $500 per day and no bonus provisions. The contract is now 100% complete. PRIOR COMMITTEEIBOARD ACTIONS The construction contract was awarded to Sancon Engineering, Inc. by the Board of Directors on June 22, 2005. On September 27, 2006, the Board of Directors approved a budget increase of $278,000 for a total budget of$3,572,000 and ratified Change Order No. 1 to Sunflower Interceptor Manhole Rehabilitation, Contract No. 7-21, with Sancon Engineering, Inc., authorizing an addition of$583,821, increasing the total contract amount to $2,103,021. Please refer to the attached Change Order Status Report for more information on the previous change order. nw1. 0e Page 1 PROJECT/CONTRACT COST SUMMARY � i Original Contract Price $ 1,519,200 Previously Authorized Changes $ 583,821 This Change (Reduction) $ (24,675) Change Orders to Date $ 559,146 Percentage Increase to Date 36.81% Amended Contract Price $ 2,078,346 BUDGETIMPACT ® This item has been budgeted. wmitem sedtona.Page 50� ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item). ADDITIONAL INFORMATION Contract Schedule Contract Start Date September 12, 2005 Original Contract Completion Date July 3, 2006 Total Number of Change Orders to Date 2 Current Contract Completion Date September 20, 2006 Actual Contract Completion Date September 20, 2006 Days subjected to Liquidated Damages 0 Change Order No. 1 Content Item Description Amount Days Type No. 1 Elimination of work related to $(34,500) 0 Unknown Conditions Bid Item 10 and Bid item B for Bench Liner Seam Repair 2 Additional cost for Insurance $5,430 0 Other due to increased construction duration. 3 Additional cost for Bond due $4,395 0 Other to increased construction value. Total Change Order No. 2 $(24,675) 0 ALTERNATIVES None Page 2 CEQA FINDINGS This project has been determined to be exempt from CEQA under Article 19 (Categorical Exemptions), Section 15301 (d) Existing facilities, restoration or rehabilitation of deteriorated or damaged structures. A Notice of Exemption has been filed. ATTACHMENTS 1. Budget Information Table 2. Change Order Status Report 3. Change Order Performance Report 4. Change Order No. 2 GJR:kf H:Weppagenda%Board Agenda Repow2gm Board Agenda RgmnsMOMem 11(d).7.21.dm R.W¢ Oa M Page 3 BUDGET INFORMATION TABLE SUNFLOWER INTERCEPTOR MANHOLE REHABILITATION CONTRACT NO. 7.21 OgIItINAL UkkENt akb�'de@d FRt3lipprf ' rdl>e I 1p ° aHMJ6CrIFHF6f= AurktltUttb ipaiEe4, INcbAS@ ite�16@B ` XL4iIDp14E1�'t}i AU�> ftdA A � audd�r �Udo�i Ib�bItPJ15k eUDder care 8U�9t, pUi#�bfif211r��SN iUe .Iwk� P, r' r h � ! ti r 7SMM l i- it i i Phew 1-Pro'ed Dewlo meM $ 17 000 $ 35 755 $ 35.755 $ 35,755 $ 35,755 $ 35,755 100% Phew2-Pmllmha Devi n $ 215000 $ 186485 $ 186A85 $ 186.485 $ tae,485 $ 186485 100% Phan 3-Deal n $ 264400 1 $ 535.556 1 3 835.556 $ 835.666 $ 835,556 J $ 835556 100% Phan 4-Constmdlon $ 3,511,000 $ 2,492831 9 2,192,831 $ 2492831 $ 2.492831 $ 1716.426 69% Phase 5-Commissionina $ 482300 $ 1.304 $ 1.304 '," $ 1.304 $ 7304 $ 1304 100% Phan 8-Close-OW $ - $ 20,069 $ 20,069 2: $ 20,069 $ 20,069 $ 469 2% Phase 7-Contimency $ 897900 $ $ $ 8 PROJECT TOTAL $ 5,387.600 $ 31572,000 $ - $ 3,672,000 "r! $ 3,572,000 $ - $ 3,572.000 $ 2.775.995 78% Rdmboraebh Coate k' PROJECT NET $ 5.387.600 $ 3,572,000 1 $ - $ 3.572.000 "I $ 3572,000 $ - $ 3.672,000 1 $ 2,775.995 1 78% PSAIContract Deal nP$A $ 561,760 $ 65260a $ 652.608 $ 652,608 $ 652808 $ 631,441 97% ConstmcNon Conlrad $ 2.949.240 1 $ 2103.021 $ 2,103,021 P $ 2103021 1 $ (24,676)1 $ 2070346 $ 1382182 66% EDMS: 003818275 CHANGE ORDER STATUS REPORT SUNFLOWER INTERCEPTOR MANHOLE REHABILITATION CONTRACT NO. 7-21 APPROVAL CONTRACT CONTRACT COST PERCENTAGE AUTHORIZED AUTHORIZED TIME REM DATE COST TO DATE INCREASE TIME TO DATE (DAYS) (DAYS) CONTRACT 6/2 212 0 0 5 $1,519,200 t1,519,200 0.00 295 295 CO NO. 1 9/27/2006 $583,821 $2,103,021 0.38 79 374 EDMS:'003818276 CHANGE ORDER PERFORMANCE REPORT. SUNFLOWER INTERCEPTOR MANHOLE REHABILITATION CONTRACT NO.7-21,CHANGE ORDER NO.2 Contractor.SANCON ENGINEERING,INC. Project Category:COLLECTIONS Design Consultant TRAN CONSULTING ENGINEERS Contract%Complete:100% Original Conlnect Pdce: $1,519,200 CHANGE ORDER TYPES TRACKED INFORMATION ONLY Unknaern Comallon StaRRequested Change Reimbursable Design Nondtelnbursable Deatgn SubbMICOTypas Evora Errors Tracked' Other Total Change Orden ($34500) -2.27% $0 0.00% $0 0.00% SD 0.00% ($34,500 -2.27%ff($373) ($24.675) -1.62 this Period Change Orders to S513,61 33.81 $81.5 5.36% $0 0.00% $0 D.OD% $50.11 39.1 $559,146 36.81% DataChange Order Total $479,114 31.54% $91,50 5.36% $0 0.0096 $0 0.00% $560,619 36.90%Program <3.00% <1.00% 0.OD% <1.00% <5.00% Performance Goals 'The Change Order Managemenl Plan bade the preceding bar change order types EDMS: 003818279 Version 9272008 Page 1 of 3 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Sancon Engineering Inc. C.O. No.: 2 Date: November 15, 2006 Job: 7-21 Sunflower interceptor Manhole Rehabilitation Consultant: Tran Consulting Engineers Amount of this Change Order(Deduct) ($24 675) In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation, the following additions to or deductions from the contract price are hereby approved. ITEM— 1 This item is a deduct for the deletion of Bid Item Ten (10),for$28,500, and Bid Item B for$6,000, both being associated with repair of bench liner seams. Upon investigation of the manholes to be rehabilitated, thirty-five of the forty manholes had substantial damage to PVC bench lining and underlying concrete. The contractor totally replaced the associated bench liners as part of negotiated Field Change Order No. 6 and subsequently ratified Change Order No. 1. Since the bench liners were replaced, seam repairs became unnecessary, thus resulting in a deduct for this bid item. DEDUCTED COST THIS CHANGE ORDER ITEM: ($34,500) TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM—2 This item compensates the Contractor for additional insurance costs due to an increase in duration of the construction contract. To meet the District's insurance requirements, the Contractor carried excess umbrella coverage specifically for this contract. As construction duration was extended, the Contractor was required to maintain the excess umbrella coverage for a longer period of time and at additional cost. ADDED COSTS THIS CHANGE ORDER ITEM: $5,430 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM—3 This Rem compensates the Contractor for additional bond costs due to an increase in total construction value. Due to change orders,the total construction value increased from the original construction value. The additional bond costs are proportional to the increase in construction value. ADDED COSTS THIS CHANGE ORDER ITEM: $4,395 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Page 2of3 0 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Sancon Engineering Inc. C.O. No.: 2 Date: November 15, 2006 Job: 7-21 Sunflower interceptor Manhole Rehabilitation Consultant: Tran Consulting Engineers SUMMARY OF CONTRACT TIME Original Contract Date: September 12,2005 Original Contract Time: 295 Original Completion Date: July 3, 2006 Time Extension this C.O.: 0 Calendar Days Total Contract Time Extension: 79 Calendar Days Revised Contract Time: 374 Calendar Days Revised Final Completion Due Date: September 20,2006 Time Subject to liquidated Damages: 0 Actual Final Completion Date: September 20.2006 Original Contract Price $1,519,200 Prev. Authorized Changes 58$ 3,821 This Change (Deduct) 4 675 Amended Contract Price $2,078,346 Page 3 of 3 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Sancon Enaineering Inc. C.O. No.: 2 Date: November 15, 2006 Job: 7-21 Sunflower interceptor Manhole Rehabilitation Consultant: Tran Consulting Engineers Board Authorization Date: November 15, 2006 ORANGE COUNTY SANITATION DISTRICT Recommended by: (Name) Date CIP Project Manager Approved by: David A. Ludwin P.E. Date Director of Engineering Accepted by: Sancon Engineering, Inc Contractor Date EDMS: 003818340 PDC COMMITTEE Meeting Date To lid.of Dlr. I1102/06 11/15/06 AGENDA REPORT Item Number Rem Number PDC06-111 11 e Orange County Sanitation District ®Ocean Rutlall Srnt•mn FROM: David Ludwin, Director of Engineering Originator: Umesh Murthy, CIP Project Manager SUBJECT: EFFLUENT PUMP STATION ANNEX, JOB NO. J-77 GENERAL MANAGER'S RECOMMENDATION Ratify Change Order No. 14 to Effluent Pump Station Annex, Job No. J-77, with J.F. Shea Construction, Inc., authorizing an addition of$41,133, increasing the total contract amount to $44,638,467. SUMMARY • Effluent Pump Station Annex (EPSA), Job No. J-77, will replace the Foster Booster Pump Station with a new pumping facility that is capable of providing adequate backup capacity to the existing Ocean Outfall Booster Station (OOBS) during excess flow events and routine maintenance. EPSA will also accommodate the pumping of secondary treated water exclusively through the 78-inch outfall during excess flow events. This project also includes the construction of a standby power facility, which will provide backup power to EPSA. • Black and Veatch Corporation prepared the plans and specifications for this project and the construction contract was awarded to J.F. Shea Construction, Inc. on September 24, 2003. • Change Order No. 14 includes five Items of additional work and two items of deleted work to Job No. J-77. There are four nonreimbursable design errors and no reimbursable design errors associated with this change order. Liquidated damages on this project are $5,000 per day and there are no bonus provisions. The contract is now 86% complete. PRIOR COMMITTEEIBOARD ACTIONS The construction contract was awarded to J.F. Shea Construction, Inc. by the Board of Directors on September 24, 2003. Please refer to the attached Change Order Status Report for more information on previous change orders. Page 1 PROJECT/CONTRACT COST SUMMARY Original Contract Price $44,735,518 Previously Authorized Changes $ (138,184) This Change (Add) $ 41,133 Change Orders to Date $ (97,051) Percentage Decrease to Date (0.22%) Amended Contract Price $44.638,467 BUDGETIMPACT ® This item has been budgeted. Wye ftw: seabn s.Page 69) ❑ This Rem has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information Rem) ADDITIONAL INFORMATION Contract Schedule Contract Start Date November 24, 2003 Original Contract Completion Date June 30, 2007 Total Number of Change Orders to Date 14 Current Contract Completion Date September 11, 2007 Actual Contract Completion Date N/A Days Subject to Liquidated Damages 0 Change Order No. 14 Content Item Description Amount Days Type No. 1 Switchgear to Generator Cable $16,160 0 Nonreimbursable Design Error 2 Credit for Standby Power Facility ($1,343) 0 Staff Requested Design Masonry Block Change 3 Conduit for Effluent Pump Speed $9,981 0 Nonreimbursable Design Elements Error 4 6' Reclaimed Water Piping in the $18,102 0 Nonreimbursable Design Headman Tunnel Error 5 120VAC Power to the Generator $792 0 Nonreimbursable Design Day Tanks Error 6 EPSA Fiber Optic Communications $2,037 0 Unknown Conditions 7 Extra Material Credit ($4,596) 0 Staff Requested Design Change TOTAL CHANGE ORDER NO. 14 $41,133 0 Page 2 b i ALTERNATIVES None CEQA FINDINGS The Rehabilitation of Foster Pump Station (FPS) was included in the 1999 Strategic Plan Environmental Impact Report (EIR). The EIR was certified on October 27, 1999, and a Notice of Determination was filed on October 29, 1999. A supplemental EIR (SEIR) was completed for update of the Program EIR to reflect replacement of FPS rather than the rehabilitation indicated in the Strategic Plan. The SEIR was approved by the Board in December 2002. ATTACHMENTS 1. Budget Information Table 2. Change Order Status Report 3. Change Order Performance Report 4. Change Order 5. Location and Photo Description of Change Order SB:dm:bm H9depV,agenda68oard Agenda Repoft=06 Board!Agenda Reporte\11061Ilem 11(e).J-77.dm Page 3 BUDGET INFORMATION TABLE Effluent Pump Station Annex JOB NO. J-77 i r• lr r ^. F r a ; i � f ��yt S Y b r�A 5 Ji! -�: r r { r r r J Sti { t y4Y°( l !.- a E Y "w u. r f r4 X'1 r•'. 8filblful� bl� k §U t tli Os N,� 6Jie�[i�w� Abtu3kl Ed na ' � �k UND dJTIF?KK,N( o Un#Elbf" F L T$Pl •.�. .i ., .'iE Lu +W` e ' mod 4,hi�r�Y� '4,4a .t 'have l-Proed Oe"lo menl $ 21000 $ 4.000 $ 4000 $ 4,000 $ 4,000 S 4000 100% 'base 2-PreRmina Da n $ 1,258,000 S 62.000 $ 62,000 $ 62,000 $ 62.000 $ 02000 100% 'hese3-Deal n S 3501,000 S 4,446.000 $ 4.446,000 $ 4,446,000 S 4.446000 1 $ 4.448000 100% 'haae4-Construdlon $ 4J,715000 S 54.483,847 S 41,133 S 54.524.780 S 54A63.647 S 41,133 S 54,524,780 S 4g000,000 81% 'here 6-Commigstonft $ 376.000 $ 487,000 S 487.600 S 487,000 $ 487.000 S 280.000 57% 'hase 6-Clos"W $ 94,OOD S 123,000 $ 123.000 S 123,O0 $ 1230DO $ 0% 'hsse 7-Conlinnency $ 1762,000 $ 4130353 $ 41133 $ 4059,220 $ rROJECT TOTAL $ 50.757,000 S 63,736,000 $ 63,736,000 'r: $ 59,505.647 $ 41.133 $ 59,646.730 $ 48,792,000 82% lelmbumabie Cosls 'ROJECT NET $ 50,757,000 $ 63,736.000 $ 63,736.000 0 1$ 59,606,647 1 5 41,133 $ 69,646.780 1 $ 48,792000 1 82% PSAIContract )ssl rMConst. uppon PSA $ 2208810 $ 6.164.240 $ 8164240 S1 S 6.160240 1$ 6164240 $ 5400000 88% )onsWdion Conirad $ 10 735 518 1 $ 44 597 334 S 41,1331 $ 44,538 467 ';5 $ 44.597 331 1$ 41 133 $ 4/638467 1 $ 38 220 169 86% EOMSMUM21 CHANGE ORDER STATUS REPORT EFFLUENT PUMP STATION ANNEX JOB NO. J-77 Change Order No. 14 APPROVAL CONTRACT CONTRACT CUMULATIVE AUTHORIZED AUTHORIZED ITEM DATE COST COST TO DATE PERCENTAGE TIME TIME TO DATE INCREASE/DECREASE (DAYS) (DAYS) CONTRACT 9/24/2003 $44,735,518 $44',735,518 0.00 1315 1315 CO NO. 1 2/25/2004 $1,967,158 $42,768,360 4.40 0 1315 CO NO. 2' 7/1/2004 $185,000 $42,953,360 3.98 0 1315 CO NO. 3 9/22/2004 1 $333 388 $43,286 748 3.24 0 1315 CO NO. 4 12/15/2004 $174,549 $43,461,297 2.85 0 1315 CO NO. 5 2/23/2005 $390,586 $43,851 883 1.98 0 1315 CO NO. 6 6/22/2005 $102,475 $43 954,358 1.74 0 1315 CO NO. 7 7/20/2005 $53,196 $44,007 554 1.63 0 1315 CO NO. 8 7/20/2005 $220 133 $44,227,687 1.14 0 1315 CO NO 9 11/23/2005 $32 514 $44,260 201 1.06 0 1315 CO NO. 10 12/21/2005 $33,053 $44 293 254 0.98 23 1338 CO NO. 11 2/22/2006 $100.302 1 44,393,556 0.76 0 1338 CO N0. 12 2/22/2006 $138 502 $44,532,059 0.46 0 1338 CO NO. 13 6/28/2006 $65 276 $44 597,334 0.31 50 1388 DGINO. Pali IN �a tu.$4, 8g � PDC approval per OCSD Resolution 04-08 EDMS 003817918 CHANGE ORDER PERFORMANCE REPORT, EFFLUENT PUMP STATION JOB NO.J-77,CHANGE ORDER NO 14 Contractor.J.F.SHEA CONSTRUCTION,INC. Project Type:REHABILITATION Design Consultant:BLACK 6 VEATCH CORPORATION Contract%Complete:86% Original Contract Price: $44.735.518 CHANGE ORDER TYPES TRACKED INFORMATION ONLY Unknown Condition Staff Reimbursable Design Non-Relnbursable Subtotal CO Type RpwsbM Change Errors Design Errors Tracked' Older Total Change 5423,020 0.95% ($1,094,405) -2.46% $2.768; 0.01% $352.801 0.79% ($315,818 -0.71% $177,834 0.40% ($138,184) -0,31% this Change Orders to $2.037 0.00% ($5,939) -0.01% $0 0.00% 545,035 0.10% $41.133 0.09% $0 0.00% $41,133 0.09% Date Change Order Total $425,057 0.95% ($1,100,344) -2.46% $2,766 0.01% $397.838 0.89% ($274,685) -0.51 $177,634 0.40% ($97,051) -022% 'The Change Order Management Plan tracks the preceding lour change order types EDMS 003817622 Page 1 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728.8127 CHANGE ORDER Contractor: J.F. Shea Construction, Inc. C.O. No.: Fourteen (14) Date: November 15, 2006 Job: Effluent Pump Station Annex, Job No. J-77 Consultant: Black&Veatch Amount of this Change Order(Add)(OedusE) $41 133.00 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation, the following additions to or deductions from the contract price are hereby approved. ITEM 1 —SWTCHGEAR TO GENERATOR CABLE This item compensates the Contractor for the work associated with providing approximately 250-feet of additional 1'%-inch conduit and fittings along with#16 triad and single-pair shielded signal cables. These are elevated conduit runs in the Standby Power Facility from the local generator panel to the switchgear in the adjacent room. The contract drawings omitted the details for the required thermal device conduit and cable. This work is defined in FCO No. 73 and was negotiated with the Contractor pursuant to Section 43 B(1) of the Contract General Requirements. ADDED COST THIS CHANGE ORDER ITEM $16,160.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM 2—CREDIT FOR STANDBY POWER FACILITY MASONRY BLOCK This item provides a net credit to the Sanitation District for the work associated with providing split- face block in lieu of the ground-face block originally detailed for an approximate 1,050 square feet section of the Standby Power Facility masonry walls. The change in block type was incorporated at a savings to the Sanitation District while maintaining the designed architectural appearance of the building. This work is defined in FCO No. 88 and was negotiated with the Contractor pursuant to Section 43 B(1) of the Contract General Requirements. CREDIT COST THIS CHANGE ORDER ITEM: ($1,343.00) TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM 3—CONDUIT FOR EFFLUENT PUMP SPEED ELEMENTS This item compensates the Contractor for the work associated with providing approximately 2004eet of additional 1-inch conduit and fittings along with#22 single-pair signal cable between the pump mounted speed monitoring devices in the basement and the individual speed control panels on the main floor of the pump building. The contract drawings omitted the details for the required speed element conduit and wire. This work is defined in FCO No. 92 and was negotiated with the Contractor Page 2 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor. J.F. Shea Construction, Inc. C.O. No.: Fourteen (14) Date: November 15. 2006 Job: Effluent Pump Station Annex Job No. J-77 Consultant: Black&Veatch pursuant to Section 43 B(1) of the Contract General Requirements. ADDED COST THIS CHANGE ORDER ITEM $9,981.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM 4—6-INCH RECLAIMED WATER PIPING IN THE HEADMAN TUNNEL This item compensates the Contractor for the work associated with installing approximately 135 feet of 6-inch ductile iron pipe, bends, fittings, support brackets, and other appurtenances through the existing Headman Tunnel piping systems. The contract drawings detailed a point of connection to 6-inch industrial water piping in the Headman Tunnel that was to supply a new process water main to the Pump Building. The detailed industrial water piping does not exist and additional piping was needed to reach an alternative reclaimed water source. This work is defined in FCO No. 93 and was negotiated with the Contractor pursuant to Section 43 B (1) of the Contract General Requirements. ADDED COST THIS CHANGE ORDER ITEM $18,102.00 TIME EXTENSION THIS CHANGE ORDER ITEM 0 Calendar Days ITEM 5— 120VAC POWER TO THE GENERATOR DAY TANKS This item compensates the Contractor for the work associated with completing the 120VAC power supply circuits for the generator day tanks in the Standby Power Facility. The contract drawings omitted the details for the required day tank power supply wiring. This work is defined in FCO No. 95 and was negotiated with the Contractor pursuant to Section 43 B (1) of the Contract General Requirements. ADDED COST THIS CHANGE ORDER ITEM $792.00 TIME EXTENSION THIS CHANGE ORDER ITEM 0 Calendar Days ITEM 6— EPSA FIBER OPTIC COMMUNICATIONS This item compensates the Contractor for the work associated with completing the required fiber optic communications circuits in the EPSA Control Room located in the Electrical Building. During startup testing it was discovered that the fiber optic communication modifications previously instructed in FCO No. 79 (Item 14 of Change Order No. 13)were incomplete. Installation of an additional patch panel along with fiber optic jumper cables, fiber optic tube runs, and the associated terminations was Page 3 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor. J.F. Shea Construction, Inc. C.O. No.: Fourteen (14) Date: November 15, 2006 Job: Effluent Pump Station Annex, Job No. J-77 Consultant: Black&Veatch required to complete the fiber optic communication system. This work is defined in FCO No. 96 and was negotiated with the Contractor pursuant to Section 43 B(1) of the Contract General Requirements. ADDED COST THIS CHANGE ORDER ITEM $2.037.00 TIME EXTENSION THIS CHANGE ORDER ITEM 0 Calendar Days r Page 4 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728.8127 CHANGE ORDER Contractor: J.F. Shea Construction, Inc. C.O. No.: Fourteen (14) Date: November 15, 2006 Job: Effluent Pump Station Annex Job No. J-77 Consultant: Black &Veatch ITEM 7— EXTRA MATERIAL CREDIT This item provides a net credit to the Sanitation District for 5-inch conduit, fittings, and appurtenances that were not turned over as extra material in accordance with the FCO No. 16 agreement (Item 4 of Change Order No. 3). This change is defined in FCO No. 101 and was negotiated with the Contractor pursuant to Section 43 B (1) of the Contract General Requirements. CREDIT COST THIS CHANGE ORDER ITEM: ($4,596.00) TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER $41,133.00 TOTAL TIME EXTENSION THIS CHANGE ORDER 0 Calendar Days i Page 5 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: J.F. Shea Construction, Inc. C.O. No.: Fourteen (14) Date: November 15 2006 Job: Effluent Pump Station Annex, Job No. J-77 Consultant: Black&Veatch The additional work contained within this change order can be performed incidental to the prime work and within the time allotted for the original contract and any extensions to the contract time made by this change order and all previously issued change orders. It is therefore mutually agreed that no extension of time to perform the work is required for this change order, and that no direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by the Contractor, except as expressly granted and approved by this change order. SUMMARY OF CONTRACT TIME Original Contract Date: November 24, 2003 Original Contract Time: 1,315 Calendar Days Original Completion Date: June 30, 2007 Time Extension this C.O.: 0 Calendar Days Total Contract Time Extension: 73 Calendar Days Revised Contract Time: 1,388 Calendar Days Revised Final Completion Due Date: September 11, 2007 Time Subject to Liquidated Damages: N/A Actual Final Completion Date: N/A Original Contract Price $44,735.518 Prev.Authorized Changes $ (138,184) This Change(Add) (Dedt/61) $ 41.133 Amended Contract Price $44,638.487 fl Page 6 of 6 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: J.F. Shea Construction, Inc. C.O. No.: Fourteen (14) Date: November 15. 2006 Job: Ef0uent Pump Station Annex, Job No. J-77 Consultant: Black&Veatch Board Authorization Date: November 15, 2006 ORANGE COUNTY SANITATION DISTRICT Recommended by: Umesh N. Murthy, P.E. Date CIP Project Manager Approved by: David A. Ludwin P.E. Date Director of Engineering Accepted by: J.F. Shea Construction, Inc. Contractor Date EDMS 003817917 Meet Dave TO Bd.of oir. PDC COMMITTEE wags ':8d: OG AGENDA REPORT 'eamlft� "e""Ne1ber PDOD6Tt2 utn Orange County Sanitation District= -Z Primary Treatment FROM: David Ludwin, Director of Engineering Originator: Michael Puccio, CIP Project Manager SUBJECT: PRIMARY CLARIFIERS 16-31 AND RELATED FACILITIES, JOB NO. P1-37 GENERAL MANAGER'S RECOMMENDATION Ratify Change Order No. 30 to Primary Clarifiers 16-31 and Related Facilities, Job No. P1-37, with Margate Construction, authorizing an addition of$52,594, increasing the total contract amount to $72,880,080. SUMMARY • Job Number P1-37, Primary Clarifiers 16-31 and Related Facilities, includes the construction of 16 new primary clarifiers with all support equipment, improvements to existing Primary Clarifiers 6-15, and improvements to Primary Clarifiers 1-5. • Brown and Caldwell prepared the plans and specifications and the contract was awarded to Margate Construction on October 24, 2001. • This change order includes two items of work. There are two nonreimbursable design errors and no reimbursable design errors. Liquidated damages on this project are $3,000 per day and there are no bonus provisions. The project is 95.52% complete. PRIOR COMMITTEEIBOARD ACTIONS The contract was awarded by the Board of Directors on October 24, 2001. Please refer to the attached Change Order Status Report for more information on previous change orders. PROJECTICONTRACT COST SUMMARY Original Contract Price $ 70,366,000 Previously Authorized Changes $ 2,461,486 This Change Order (Add) $ 52,594 Change Orders to Date $ 2,514,080 Percentage Increase to Date 3.57 % Amended Contract Price $ 72,880,080 Page 1 BUDGET IMPACT ® This item has been budgeted. (Line Item: section 6, CIP, P1-37, Page 52) ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item). ADDITIONAL INFORMATION Contract Schedule Contract Start Date January 7, 2002 Original Contract Completion Date November 7, 2005 Total Number of Change Orders to Date 30 Current Contract Completion Date February 15, 2007 Actual Completion Date N/A Days Subject to Liquidated Damages 0 Change Order No. 30 Content Item Description Amount Days Type No. 1 Primary Clarifier 4 Structural 51,562 0 Nonreimbursable Modifications Design Error Replace Center Feed Channel Nonreimbursable 2 Handrail Cans with Stanchions 732 0 Design Error Total Change Order $52,594 0 Item 1 was previously discussed in Change Order No. 27 at the June 2006 PDC Meeting. ALTERNATIVES No alternatives are proposed. CEQA FINDINGS This project was included in the Strategic Plan EIR that was certified on October 27, 1999. A Notice of Determination was filed on October 29, 1999. ATTACHMENTS 1. Budget Information Table - 2. Change Order Status Report 3. Change Order Performance Report 4. Change Order 5. Location and Photo Description of Change Order MP:el:kf:bm H:\dept\agenda\Board Agenda Reports\2006 Board Agenda Reports\1106\Item 11(r.P7-37.doc Page 2 BUDGET INFORMATION TABLE Primary Clarifiers No. 16-31 and Related Facilities Job No. PI.37 ` OklaiNAL CARMT PA61•tlkEO pROpOBED pUNbs 1YIi�, - I+HOpGd b r EatifxU r137 Pk6jkd IPHABE AUTHOkUED PRWEcT BUDGET kEMEb Allit bia&b AU'fHok&ii6A tdTA[ E�x11� I�itW #G pH BUDGET BUDGET INCREASE BUDGET TO DATE REQUEST AuNokikmiok . WE i-�.�IAt>tl°Ji Phasei -Pmect Development $ 175,062 $ 175,062 $ 173,000 $ 173,000 $ 173000 100% ` Phase 2-Pmlimine Design $ 317201 $ 317,207 $ 317,000 $ 317,000 $ 317,000 100% Phase 3-Design $ 4.626 092 S 4.626, 992 $ 4,595 000 $ 41595.000 $ 4,626.092 101% Phase 4-Construction $ 84.978206 $ 87,329 $ 85,043.535 $ 83,188.174 s, 67;22B $ 83,255.503 $ 79,089,381 95% Phase 5-Commissionin $ 330209 $ 330,209 $ 396000 $ 388000 $ 177,183 30% + i Phase 6-Closeout $ 62541 $ 62,541 $ 61,000 a- ! $ 61.000 $ 14,978 25% Phase 7-Contin en $ 439.697 B7 $ 372,368 a + F-'' $ PROJECTTOTAL 1 $ - $ 90,927,008 $ - $ 90,927,008 It 88.730,174 $ 67.329 $ 88,797.5D3V 84,337,634 95% Reimbursable Costs t , PROJECT NET $ - $ 90.927008 A > ' `qi $ 90,927.008 $ 88730,174 +2 £rya 982d. $ 88,797,503 It 84.337.634 95% PSAIContlact kesi nPSA $ 6,787436 Yr11 rntl�: S 6.787436 1 '- It 8,787,436 °� � Irv. It 6.787,436 $ 6.113754 90% Construction Contract $ 72.760157 iv- B7ft S 72,827486 $ 72,760,157 $ �} . U7`3g6 It 72.827,486 S 69.278185 95% EDMS:003815171 CHANGE ORDER STATUS REPORT PRIMARY CLARIFIERS 16-31 AND RELATED FACILITIES JOB NO. P1-37 APPROVAL CONTRACT CONTRACT COST PERCENTAGEAUMUKILLU AUTHORIZEDTIME ITEM DATE COST TO DATE INCREASE TIME TO DATE(DAYS) mAyAl CONTRACT 612311999 $ 70.366,000.00 $ 70,366,000.00 0.00 1400 1400 CO NO. 1 12119/2001 $ 0.00 $ 70,368,000.00 0.00 0 1400 'CO NO.2 811/2002 $ 75,214.00 $ 70,441.214.00 0.11 49 1449 ••CO NO.3 1012112002 $ 46,738.00 $ 70.489.950.00 0.18 0 1449 CO NO.4 12118/2002 $ 356 059.00 $ 70.846.009.00 0.68 82 1531 CO NO.5 2262003 $ 33,527.00 $ 70,879,536.00 0.73 0 1531 CO NO.8 4232003 $ 54.992.00 3 70,934,528.00 0.81 21 1 1552 CO NO. 7 OM52003 $ 14,750.00 $ 70.949,278.00 0.83 0 1552 CO NO. 8 8272003 $ 5.363.00 $ 70,954,841:00 0.84 0 1552 CO NO.9 10222003 $ 187,452.00 $ 71,142,093.00 1.10 0 1662 CO NO. 10 11/192003 $ 55,041.00 S 71,198,134.00 1.18 0 1552 CO NO. 11 12/42003 $ 20,680.00 $ 71.218,814.00 1.21 0 1552 CO NO. 12 2252004 $ 22.390.00 $ 71,241.204.00 1.24 0 1552 CO 140. 13 3242004 $ 784.00 $ 71,241.988.00 1.24 0 1552 CO NO. 14 5262004 8 67,455.00 $ 71,309,443.00 1.34 0 1552 CO NO. 15 101272004 $ 87,937.00 $ 71,377.380.00 1.44 143 1695 CO NO. 16 12/152004 $ (180,121.00) $ 71,217,259.00 1.21 0 1895 CO NO. 17 2232005 $ 127,478.00 $ 71,344,737.00 1.39 0 1695 CO NO. 18 3232005 $ 61,690.00 S 71,408,427.00 1.48 0 1695 CO NO. 19 4272005 118 710.00 $ 71 523 137.00 1.04 0 1695 CO NO.20 5252005 $ 84 965.00 $ 71 608 092.00 1.77 28 1723 CO NO.21 7202006 $ 100648.00 $ 71708,740.00 1.90 0 1723 CO NO.22 9282005 $ 48 078.00 $ 71,756,818.00 1.97 0 1723 CO NO.23 10262005 $ 117 648.00 $ 71 874 466.00 2.14 0 1723 CO NO.24 12212005 $ 97 582.00 $ 71 972 028.00 2.28 0 1723 CO NO.25 2222006 $ 118 822.00 $ 72 088.850.00 2.44 0 1723 CO NO.26 5242006 $ 272.749.00 $ 72 361 599.00 2.84 142 1885 CO NO.27 8282008 $ 314 921.00 6 72 676 520.00 3.28 0 1865 CO NO.28 9272006 $ 83 637.00 $ 72 760157.00 3.40 0 1866 CO NO.29 1025I2006 $ 6732900 $ 72,827 486.00 3.50 0 1866 s CONOf '.�PYn ';�2594, ::$';•k+`72`B "OB6: 0� f;%;��'d: 5*, '„€ 7..,.tst r�,�rF,: ",�' ' •' Approved by PDC Committee per delegated authority by Board Resolution 99-23 Approved by General Manager per delegated authority by Board Resolution 99-23 CHANGE ORDER PERFORMANCE REPORT. PRIMARY CLARIFIERS 16-31 AND RELATED FACILITIES JOB NO. P1-37,CHANGE ORDER NO.30 Contractor. MARGATE CONSTRUCTION Project Type: PLANT EXPANSION Design Consultant:BROWN$CALDWELL Contract%Complete:95.52% Onginal Contract Price: $70,366.000 CHANGE ORDER TYPES TRACKED INFORMATION ONLY Shelf Requested Reimbursable Design Non-Rnimbumable Subtotal CO Types Unknown ConditionnChange Errors Design Errors Tracked' Other Total Change Orders to $740,538 1.06% $13,692 0.02% $193,920 0.28% $1,593,027 2.26% $2,437,411 3.62% ($85,691) -0.12% $2.351.720 3.50% Date Change Orden $0 0.00% $0 0.00% $0 0.00% $52,594 0.07% $52,594 0.07% $0 0.00% $52,594 0.07% this Period Change Order Total $746,538 1.08% $13.602 0.02% $193,920 0.28% $1,645,821 2.34% $2,599,771 3.69% ($85,691) -0.12% $2,514, 880 3,57% 'The Change Order Management Plan tracks the preceding four change order types Page 1 of 3 ORANGE COUNTY SANITATION DISTRICT 108" ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728.8127 CHANGE ORDER Contractor: Margate Construction, Inc. C.O. No.: Thirty (30) Date: November 15, 2006 Job: Primary Clarifiers 16-31 and Related Facilities, Job No. P1-37 Consultant: Brown and Caldwell Amount of this Change Order (Add)(9edusE) $52,594.00 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation, the following additions to or deductions from the contract price are hereby approved. ITEM 1 —PRIMARY CLARIFIER 4 STRUCTURAL CONCRETE MODIFICATIONS This Rem provides for structural modifications to the concrete wall of Primary Clarifier No. 4 in the areas where the new aluminum flat cover trusses will be bearing on the tank wall. During the submittal process for the covers, it was determined by the Sanitation District's design consultant, Brown and Caldwell, that the upper portions of the existing clarifier walls are inadequate to withstand the lateral forces of the cover. This change provides for construction of 16 new concrete pilasters cast integrally with the existing clarifier wall at the location where each cover support truss intersects the clarifier wall. This change will adequately transfer the new cover loads to the clarifier structure. Similar structural modifications for Clarifier No. 3 are required and will be included in a future change order. The work was accomplished on Contractors force account pursuant to Section 48 (B) 2 of the General Requirements(Reference FCO-P137-339). ADDED COST THIS CHANGE ORDER ITEM: $51,862.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ITEM 2—REPLACE CENTER FEED CHANNEL HANDRAIL CANS WITH STANCHIONS This Rem provides for the supply of 14 handrail stanchions in lieu of the specified cast in place handrail embed supports. This change applies to the center feed channel handrail, east and west sides, between Column Lines 7 and 8. This resolves a conflict between the new concrete beam reinforcing steel and the 14 handrail posts located over the scum gallery/main gallery intersection. The work associated with this Change Order was negotiated with the Contractor pursuant to Section 48 (B) 1 of the General Requirements(Reference FCO-P137-348). ADDED COST THIS CHANGE ORDER ITEM: $732.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $52,594.00 TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days Page 2 of 3 ORANGE COUNTY SANITATION DISTRICT 10844 ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Margate Construction, Inc. C.O. No.: Thirty(30) Date: November 15 2006 Job: Primary Clarifiers 16-31 and Related Facilities, Job No. P1-37 Consultant: Brown and Caldwell The additional work contained in this Change Order can be performed incidental to the prime work and within the time allotted forthe original Contract and any extensions to the Contract time made by this and all previously issued Change Orders. The Sanitation District and Contractor agree that the added cost described above constitutes full and equitable consideration for all the impacts incurred by the Contractor, and no other direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by Contractor,except as expressly granted and approved by this Change Order. SUMMARY OF CONTRACT TIME Original Contract Date: January 7, 2002 Original Contract Time: 1,400 Days Original Completion Date: November 7,2005 Time Extension this C.O: 0 Days Total Contract Time Extension: 465 Days Revised Contract Time: 1,865 Days Revised Final Completion Due Date: February 15, 2007 Time Subject to Liquidated Damages: NIA Actual Final Completion Date: NIA Original Contract Price $ 70,366,000.00 Prev. Authorized $ 2,461,486.00 This Change (Add) (Deduct) $ 52,594.00 Amended Contract Price $ 72,880,080.00 Page 3 of 3 ORANGE COUNTY SANITATION DISTRICT 108"ELLIS AVENUE, P.O. BOX 8127 FOUNTAIN VALLEY, CALIFORNIA 92728-8127 CHANGE ORDER Contractor: Margate Construction. Inc. C.O. No.: Thirty (30) Date: November 15, 2006 Job: Primary Clarifiers 16-31 and Related Facilities, Job No Pt-37 Consultant: Brown and Caldwell Board Authorization Date: November 15, 2006 ORANGE COUNTY SANITATION DISTRICT Recommended by: Michael Puccio, P.E. Date CIP Project Manager Approved by: David A. Ludwin, P.E. Date Director of Engineering Accepted by: MARGATE CONSTRUCTION Contractor Date MP:eI EDMS:003B17575 - PDC COMMITTEE Meebng Date To lId.of Dlr. 11/02/O6 11/16/06 AGENDA REPORT Item Number Item Number PDC06-113 Il(a) Orange County Sanitation District Collections Facilities FROM: David A. Ludwin, Director of Engineering Originator: Alberto Acevedo, Project Manager SUBJECT: REHABILITATION OF DISTRICT SIPHONS, CONTRACT NO. 2-68 GENERAL MANAGER'S RECOMMENDATION Approve a budget increase of$2,200,000 for Rehabilitation of District Siphons, Contract No. 2-68, for a total budget amount of$7,467,000. SUMMARY • This project will rehabilitate 16 of the 87 siphons owned by the Orange County Sanitation District (Sanitation District) within the service areas. The rehabilitation includes all work necessary to install air jumpers at each of the 16 siphons. • A siphon is a portion of the sewer that allows the sewer to cross under obstruction (i.e. a storm drain channel). Since a siphon works under pressure (full pipe flow), they do not allow the sewer gases to pass through it, therefore creating the potential for odor and corrosion problems in pipes and siphon structures such as man holes. • The design is complete and the project is ready to be advertised for bids. • As required by the Delegation of Authority, staff is requesting this budget increase prior to releasing this project for public bidding. PRIOR COMMITTEE/BOARD ACTIONS Please see the attached Professional Services Agreement Status Report PROJECT/CONTRACT COST SUMMARY Please see attached Budget Information Table. BUDGETIMPACT ❑ This item has been budgeted. ® This item has been budgeted, but there are insufficient funds. (Line item: section 8, Page 21). Approval of this budget increase is being requested to insure that sufficient budget is available for the Construction of the recommended facilities designed under this project. The construction budget increase of$2.200,000 is being requested. The money will come from capital funding reserves. ❑ This item has not been budgeted. ❑ Not applicable (information item) Page 1 r ADDITIONAL INFORMATION The Sanitation District has a total of 87 siphon facilities within the service area. Thirty seven of these facilities are not vented (no air jumper), and some have a deficient ventilation system, creating problems related to corrosion, and/or odor emissions. The Air Quality Division has ranked these facilities based on the number of odor complaints received from the public. These"short-listed" siphons are considered "Hot Spots"with respect to repair/rehabilitation priority. The 16 siphons selected for this project are located in the cities of Anaheim, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Santa Ana, and Westminster. This project evaluated these facilities with respect to sewage flow capacity and ventilation requirements. The final design will provide for the construction of an adequately sized air vent/air jumper for each of these facilities. Also, the consultants evaluated the structural condition of each of the 16 siphon structures and recommended rehabilitation work as necessary. A construction cost opinion was prepared for each design submittal during the design process. At the preliminary design report level the construction cost was estimated at $2,100,000, at Design Submittal 1 it was $3,600,000 and now that final design is complete, the estimate is $4,200,000. The increase in cost is mainly associated with an increase in the structural work. Requirements such as new manholes, air boxes, and encasement of the air jumpers, intense traffic control requirements by the cities where the facilities are located, and extensive odor control requirements during construction. The construction and rehabilitation of these air jumpers will minimize public complaints due to odors and will control corrosion in the collection system. ALTERNATIVES No alternatives are proposed. CEQA FINDINGS This project was not included in the Sanitation District's 1999 Strategic Plan Program Environmental Impact Report that was certified in October, 1999. However, the Rehabilitation of the Sanitation District Siphonss was filed as a Notice of Exemption at the County Clerk's office on March 18, 2005. ATTACHMENTS 1. Budget Information Table 2. PSA Status Report AAC:kf HAdep1WgendaU3oard Agenda Rewns12008 Board Agenda Rewrtsu iowtem 11(g).2E8.dm Page 2 BUDGET INFORMATION TABLE REHABILITATION OF DISTRICT SIPHONS CONTRACT NO. 2-68 ' ORO CUMONT PROPOSED ROJECTHABE AUTORMb PkOJECTOUD0ET BUGUETINcNPAEE 'PROPOSED : $ M1 REVISED BUDGET BUDGET M0&3006 3005-500] AtECREAEE Phase I-Pm'ad Develoment E 40.000 6 48.000 S 48000 S 40000 E 48.000 E 68280 101% r . Phase 2-PWiminaq Design E 610000 S MEAN f SW000 E 590.000 f SEEM f 605.070 101% Ph..3-Dnl n E 580.000 S 626.000 E 6M.000 s 6M.000 E MINE s 028.99 6816 Phew C-Consbuclion S 4.323,000 f 3.3E0.000 S 2.200,000 E 5.530.000 f - E - f - E fDN.OI Ph..5-C.mmissioni f 108AW f 1180W s 116W0 - f - s - E - E ADN01 Phase 6-Close-Om E ",coo s 500W E 50.000 '.;': E - S - $ - E fDNbl Ph.u]-Contl en f 781000 s 500,000 s 500,000 E - 8 - E - E sDNAB PROJECTTOTAL s 8,501.000 E 6,W.DW E ;MO,WO s ]46]000 'i Y'. s 1,271.0W f - s 1,272.0W s 1,083.266 am Rehnh.neble CoeU PROJECTIEET 6 6.601.000 1 E 52 .000 f 2.M0000 f 7A67.000 :` E L2n,000 E: S 12MON s 1083264 ES% PBAICORU.ct Desl n PSA s e6]156 s E87.156 ,c, E 887 1% - s 907,156 s 806,204 Conshu .ConOen f 3.903.000 f 2.580.110E 1 f 2206,W6 1$ 4.70.000 1 f - f EMS 003]eMG Me Butlset Tawb t02LM08 Professional Services Agreement Status Report REHABILITATION OF DISTRICT SIPHONS CONTRACT NO. 2-68 Total Project Budget: $ 5,267,000.00 Consultant: DUDEK & ASSOCIATES, INC Start Date of Project: October 27, 2004 Date Amendment Description Cost Accumulated Costs Pending Original PSA Coast Trunk Sewer Rehabilitation $987,156. $987 156. 265 PSA Status Report.doc 10/26/06 EOMS 003780205 PDC COMMITTEE M719Die Toetl °r Dir. u/oz/os Il/ss/D6 AGENDA REPORT 1eJnNoiitxr 'e"'N'""'"' PDCe6r114 11(h) Orange County Sanitation District lit Readwerks FROM: John Linder, Acting Director of Engineering Originator: Wendy Sevenandt, CIP Project Manager SUBJECT: HEADWORKS REHABILITATION/REFURBISHMENT, JOB NO. P1-71 GENERAL MANAGER'S RECOMMENDATION (1) Authorize staff to negotiate Amendment No. 1 to the Professional Services Agreement with Carollo Engineers for design services for the Headworks Rehabilitation/Refurbishment, Job No._P1-71; and (2)Authorize the General Manager to bid and award an equipment pre- purchase contract, Variable Frequency Drive Equipment for Headworks No. 2, Specification No. E-2006-3146D, in connection with Headworks Rehabilitation/Refurbishment, Job No. P1-71 in an amount not to exceed $600,000. SUMMARY • The General Manager's recommendation to the Planning, Design and Construction Committee included a budget amendment. The PDC directed staff to request a budget amendment at a later time when construction cost estimates are confirmed. • This project is for the replacement of the pump motor electrical drives for the five Main Sewage Pumps and installation of new cables and conduit to meet current Orange County Sanitation District (Sanitation District) and industry standards. • In March 2006, Carollo Engineers (Carollo) was awarded a Professional Services Agreement(PSA)for the Preliminary Design Phase under a competitive proposal process. • Carollo performed studies and engineering analysis and produced the Preliminary Design Report on schedule and under budget. • The Sanitation District has a schedule constraint to have this replacement work completed by August 2009, as explained further in Additional Information. • With Carollo's performance on the Preliminary Design Report and extensive Headworks facilities experience, combined with the Sanitation District's schedule constraints, staff recommends negotiating with Carollo for the final design of this project. • Following scope and fee negotiations, an amendment to the Professional Design Service Agreement (PDSA)for final design would be brought before the Planning, Design, and Construction (PDC) Committee and the Board for approval in December 2006. flwheE. 11IBli'OD' Page 1 • Pre-purchase of the VFD equipment is necessary to meet the Sanitation Districts schedule constraint which requires the project to be complete by August 2009. • Staff requests authority for the General Manager to bid and award the pre-purchase of the VFD equipment in an amount not to exceed $600,000 without returning to the Board for approval in order to expedite the procurement which is the critical activity for this project. PRIOR COMMITTEE/BOARD ACTIONS The original PSA was awarded to Carollo on March 22, 2006 in the amount of$339,738 for the Preliminary Design Report. BUDGETIMPACT © This item has been budgeted. (um item. seabn 8,page 49) ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) Sufficient funds are available for the final design phase of this project. A budget increase of was requested at the PDC Committee for the construction phase due to a revised construction cost estimate, but the PDC Committee did not approve the budget amendment and requested staff to bring the budget amendment for approval at a later date when the construction costs can be more accurately estimated. ADDITIONAL INFORMATION All flow entering Plant No. 1 passes through the Headworks No. 2 Facility. Construction of Headworks No. 2 at Plant No. 1 was completed in 1990 by Carollo. Four pumps were installed to pump all sewage that enters the Plant for further treatment. These four pumps were equipped with Variable Frequency Drives (VFDs). The VFDs regulate the power supply to the motors that in turn varies the speed of the pumps. The ability to vary the speed of the pumps allows operations to efficiently control the process as the flow into the plant varies. Under a subsequent project designed by Carollo, a fifth constant speed pump was added. Each pump has the capacity of 70 million gallons per day. These pumps are critical as they are the first line of pumps in the process and keep sewage from backing up in the sewers and flooding the community. These VFDs for the Headworks pumps have reached the end of their useful life and replacement parts can no longer be obtained. The single speed drive will be replaced with a VFD for consistency in equipment, flexibility in operations, and better performance from a control standpoint. The ability to vary the speed of all pumps will have tremendous benefit when the new Ellis Pump Station pumps sewage to Plant No.1. The primary focus of the work is the replacement of the VFDs. Additionally, the wiring between the electrical distribution gear, the VFDs, and the pump motors needs to be upgraded to meet current codes and standards. Control signals and associated wiring will be upgraded to meet current standards as well. Carollo was awarded the Preliminary Design Phase work in a competitive proposal process. Under the Preliminary Design Phase, Carollo conducted engineering studies, presented findings and recommendations in workshops with staff, and assembled information and recommendations in a Preliminary Design Report. n.wn +,maaoe Page 2 Staff recommends moving forward to final design by issuing an amendment to Carollo and seeks authorization to enter into negotiations with Carollo for the amendment. Staff will request approval of the negotiated amendment in December. August 2009 is a critical date when the construction activities at the Headworks project at Plant No. 2 may require the diversion of up to 60 million gallons per day of sewage to Plant No. 1 for treatment. Replacing the VFDs at Plant No. 1 would improve the reliability of the Main Sewage Pumps for this diversion of flow from Plant No. 2 to Plant No. 1. Parts can no longer be obtained for the old VFDs, and extended downtime could result from VFD failure. Delivery of the new VFDs to the job site is estimated at 10 months from the date of the order. Because of the long-lead time, staff recommends the pre-purchase of the VFDs to meet the August 2009 time constraint to complete the construction. Upon Board approval of an amendment in December, Carollo would write a pre-purchase specification. The specification would be used to solicit bids from VFD manufactures for the equipment. If the low bid for the VFDs does not exceed $600,000, staff requests that the General Manager be given authority to award the contract for the purchase of the VFDs. This is an additional time saving measure needed to meet the August 2009 time constraints for completion of construction for the replacement of the VFDs and associated cable and conduit. ALTERNATIVES There are no alternatives to replacement of the VFDs. Replacement parts cannot be obtained for the VFDs. Soliciting proposals from multiple consultants for the final design work would extend the schedule beyond the August 2009 date when Plant No. 2 would need to divert flow to Plant No. 1. Carollo performed the preliminary design work on time and within budget. Carollo has extensive experience with the Headworks facility and Headworks power distribution system that uniquely qualifies them as a preferred consultant for this project. With Carollo's performance on the Preliminary Design Report and extensive Headworks facilities experience combined with the Sanitation District's schedule constraints, staff recommends approval to enter into negotiations with Carollo to perform the final design as opposed to seeking multiple proposals for the work. CEQA FINDINGS This project rehabilitates existing facilities and is categorically exempt. A Notice of Exemption will be filed. ATTACHMENT Budget Information Table WS:kf H'WepMgendalBWnJ Agenda Repods12006 Board Agenda RepoMM06%em 11(h)P1-71.d0c R. 11R4J09 Page 3 BUDGET INFORMATION TABLE HEADWORKS REHABILITATION/REFURBISHMENT AT PLANT NO. 1 JOB NO. P1-71 `. a1 ORIGINAL CU PROPOSED BUDGET RRENT PROPOSED FUNDS ,THIS PROPOSED ESTIt84TED ,F_aMICTI:D.; �p PROJECTIPHIi3E AUTHORIZED PROJECT REVISED AUTHORIffiDTO AUTHORIZATION TOTAL E%PENDITIIR� E DEDTO_ IDECREASE BUDGET BUDGET INCREASE BUDGET DATE REQUEST AUTHORIZATIONTO bATE " '$A ' - j''. Phase 1 -Project Developmenl $ 67,718 $ 112.236 $ - s 112.236 S 112.236 S 112.236 S 112,637 100% Phase 2.Preliminan,Design $ 223.090 S 618.203 S - S 518.203 $ 618.203 S 618.203 S 371.580 60% Phase 3-Design S 1.954,353 $ 982.633 $ - S 982,633 S 344,435 $ 344,435 S 16,584 5% Phase 4-Conslrucbon $ 15,457.588 $ 2,951,937 $ 2.951.937 $ 595,359 S 595,359 $ 11.924 2% Phase 5-Commisooning S 139,485 $ 69,343 $ - 5 69.343 S 19,283 $ IU83 S 503 3% Phase 5.Cbse-OW $ 34,814 $ 13,766 $ - $ 13.766 $ 10.080 $ 10.080 s 0% Phase 7-Conlingency $ 2.880,952 $ 410,WO $ 410,800 8 $ - S 0% PROJECT TOTAL S 20,758,000 E 5,158.918 $ - S 5.155,918 S 1,699.596 $ - S 1.699.596 $ 513.228 30% Reimbursable Costs PROJECTNET $ 20,758.000 1 S 5.158.918 S - $ 5.158,918 [' $ 1,699,596 $ - $ 1.699.596 $ 513,228 30% PSAIContracl Des" n PSA Is 1.300.000 1$ 978.158 1 $ 978.158 1. 1 $ 339,738 $ - $ 339.738 Conslmctbn GantraG $ 14,000,000 1 $ 2,059,000 S 2,054.WD $ - S $ EMS: M793873 BUDGET INFORMATION TABLE HEADWORKS REHABILITATION/REFURBISHMENT AT PLANT NO. 1 JOB NO. P7-71 ORIGINAL CURRENT PROPOSED PROPOSED FUNDS THIS PROPQSEb EdTIMATEb 1IIIIATEO.; PROJECTIPHASE AUTHORb�O PROJECT BUDGET REVISED AUTHORIZED TO AUTHORIZATION TOTAL ki0i DD'IRi? E �HDED TO BUDGET BUDGET INCREASECREA$E BUDGET DATE REQUEST AUTHORIZATION TO DATE IIN Phase 1-Pro"en Daselopmenl $ 57,718 S 112.236 $ - $ 112.236 S 112.236 $ 112.236 S 112,637 100% Phase 2-Prelimina Design $ 223,090 S 618,203 S - S 618.203 S 618.203 S 618.203 S 371,580 60% Phase 3-Design $ 1,954,353 S 982.633 $ - $ 982,633 $ 344,435 $ 344.435 5 16,584 5% Phase 4-Construction $ 15.457.588 S 2.951.937 S 2.951.937 $ 595.359 $ 595,359 S 11,924 2% Phase S-Commaaioni $ 139,485 S 69.343 S - $ 69.343 S 19.283 S 19.283 S 503 3% Phase 6-Cbse-Oul $ 34,814 $ 13.766 S - $ 13,766 $ 10,080 S 10.080 $ 0% Phase 7-Contingeny S 2.880.952 $ 410,800 4 410,800 $ $ - $ 0% PROJECTTOTAL S 20.758,000 S 5.158.918 $ - $ 5,158,918 $ 1.699,596 $ - $ 1.699.596 $ 513.228 30% Reimbursable Costs PROJECTNET S 20,758,000 1 $ 5,158.918 $ - S 5.158.918 $ 1,699,596 S - $ 1,699,596 $ 513.228 30% PSA/Controet Des' n PSA S 1.300.000 1 $ 978.158 1 $ 978,158 $ 339.738 S - 5 339.738 GonsWd'on Conrad $ 14.000,000 1 S 2.054,000 $ 2,054,000 11 S - S - $ mms: 009703873 1 �I PDC COMMITTEE Meeting Date To Bd.ofDir. 11/02M 11115/o5 AGENDA REPORT Item Number Item Number PDC06-115 11(B Orange County Sanitation District Callactions Facilities FROM: David A. Ludwin, Director of Engineering Originator: Hardat Khublall, CIP Project Manager SUBJECT: REALIGNMENT AND REHABILITATION OF THE BIG CANYON OFFSITE TRUNK SEWER, CONTRACT NO. 5-62 GENERAL MANAGER'S RECOMMENDATION Approve a budget increase of$800,000 for a total project budget of$4,611,000 for the Realignment and Rehabilitation of Big Canyon Offsite Trunk Sewer, Contract No. 5-62. SUMMARY • The City of Newport Beach has been authorized to administer the construction of the Realignment and Rehabilitation of the Big Canyon Offsite Trunk Sewer as part of a joint project the City is undertaking in the Big Canyon Country Club (BCCC) Golf course community. • The contractor selected by the City of Newport Beach to perform the Construction of the Orange County Sanitation District's (Sanitation District) project is Beador Construction Company, Inc. and construction is approximately 60 percent complete. • This budget increase will account for fees for design consultant's construction support services City administrative fees, geotechnical and surveying costs, Sanitation District's staff costs and contingencies (for change orders). • The current budget underestimated the Sanitation District staff time and consultant services required. It also did not take into account the $348,000 the Sanitation District paid BCCC for economic impacts. PRIOR COMMITTEE/BOARD ACTIONS At the February 22, 2006 meeting, the Sanitation District Board of Directors approved a budget amendment of$1,511,800 for a total project budget of$3,811,000. PROJECTICONTRACT COST SUMMARY See attached Budget Information Table for more information. Page 1 BUDGETIMPACT ❑ This item has been budgeted. (Lt.item:come No.5a2 F oeio7.section 8.Sege 33) ® This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) Additional funds are requested as follows: Description Amount($) Design Consultant Construction Support Services $46,500 City of Newport Beach (Administrative Costs) $16,002 Geotechnical Inspection Services $70,000 Construction Survey Services $70,000 OCSD Staff Costs $243,958 Contingency (For Potential Change Orders) $353,540 TOTAL $800,000 ADDITIONAL INFORMATION The Big Canyon Offsite Trunk Sewer constructed in 1968 is approximately 7,500 feet in length and consists of 15-inch and 12-inch vitrified clay pipes. This sewer line extends through the BCCC golf course just west of Jamboree Road in the City of Newport Beach. The original sewer line was constructed at depths between 10 and 20 feet. VVfth the development of the Big Canyon Golf Course in 1971, fill was added over this sewer line that increased the depth of the sewer to over 40 feet in some areas. The Sanitation District conducted a video inspection of the sewer line in December 1999. The inspections revealed several defects, including cracks, sags, infiltration, mineral deposits, and offset joints. This reach of the pipeline has been plagued with severe maintenance difficulties and recommendations were adopted to replace/rehabilitate this reach of sewer line by 2009. In 2005, the City and BCCC requested that the Sanitation District participate in a joint construction project to be administered by the City of Newport Beach to minimize the overall construction impacts to the Golf Course and coordinate the work with their planned improvement schedule which includes the City of Newport Beach's local sewer rehabilitation project. ALTERNATIVES None Page 2 } CEQA FINDINGS The City of Newport Beach is responsible for CEQA compliance and on May 2, 2006 has filed a Notice of Exemption for California Environmental Quality Act (CEQA) pursuant to Class 1(b), Section 15301 of the CEQA guidelines. This project was also included in the Sanitation District's 1999 Strategic Plan Program Environmental Impact Report certified on October 27, 1999. A Notice of Determination was filed on October 29, 1999. ATTACHMENT Budget Information Table HK:RC:bm:eh:kf H.AdeppagendalBoard Agenda Repmts12006 Board Agenda Repoits11106V1w 11(i).6 .dot Page 3 _ r BUDGET INFORMATION TABLE REALIGNMENT AND REHABILITATION OF BIG CANYON OFFSITE TRUNK SEWER CONTRACT NO. 5-62 PROPOSED Iasii�iAie6:; ORIGINAL CURRENT E000ET PROPOSED FUNDS THIS PROPOSED , E4TINATEO PROJEC11PHASE AUTHORIZED PROJECT REVISED AUTHORIZED TO AUTHORIZATION TOTAL E1U'ENDTRIRE WlkkDEf'i.f0. BUDGET BUDGET INCREASE BUDGET DATE REQUEST AUTHORIZATION TODATE '.DATFa'Rj'; /DECREASE Phase 1-Project Dewlo ment S - S 43,332 $ - S 43,332 S 43.332 S - 5 43.332 It 43.332 100% Phase 2-Prelimmary Design S - $ $ S 5 0% Phase 3-Deslan S 180.0001 $ 185,177 $ - S 185,177 5 185,177 $ - S 185,177 It 185.177 100% Phase 4-ConWetlion S 2.034.000 $ 3,507.491 S 406.460 $ 3,953.951 S 3.507.491 S 800.000 S 4.307491 S 446,272 10% Phase 5-Commisslon S 6000 $ 22.000 $ 22.000 3 22,000 S 22.000 0% Phew 6-Clow-Out S 10,000 $ 18,000 S 16000 S 18,000 $ 18.000 0% Phase 7-Contingency It 50000 $ 35,000 S 353.540 $ 388.540 $ 35,000 S 35,000 PROJECT TOTAL $ 2,280.(100 S 3.811.000 $ 800.000 S 4,611.000 $ 3.811.000 S 4.611,00D S 674781 1 15% Re mbureable Cash I I I I f PROJECT NET 1 $ 2,280,000 1 $ 31811,000 1 S 800,000 $ 4,611,0N)11 $ 3,811,000 $ - I S 4,611,000 $ 674.781 1 15% PSA/ConUeel Lesion PSA/CM SerAms S 50000 I S 207.500111 48500 1 S 264.000 It 207.500 S 46500 $ 254.000 1 S 130.450 51% Consimclion Cannot I It 2,000.000 S 2,915,400 1 S 2.915.400 $ 2.915.400 1 S 2.915,400 $ 158,902 5% EDMS:003817971 BUDGET INFORMATION TABLE HEADWORKS REHABILITATION/REFURBISHMENT AT PLANT NO. 1 JOB NO. Pt-71 PROPOSED ORIGINAL CURRENT PtiOPOBED FUNDS THIS PkOPOSED ESTINATED MATED., BUDGET PROJECTIPHASE AUTHORIZED PROJECT REVISED AUTHORIZED TO AUTHORIZATIONTOTAL E1IPEROITURE Elt@DED TO BUDGET BUDGET INCREASE IOECREASE BUDGET DATE REQUEST AUTHORIZATION TD DATE bATEI%I-. Phase 1 -Propect De"lopmeni S 67.718 $ 112236 $ - S 112136 S 112.236 $ 112,236 $ 112,637 100% Phase 2-Preliminary Dea n $ 223.090 S 618.203 It - $ 618.203 $ 618,203 $ 618,203 S 371.580 60% Phase 3-Des n $ 1,954,353 It 982,633 $ - It 982.633 $ 344.435 $ 3 1.435 It 16,584 5% Phase 4-Construction $ 15.457 588 S 2.951 937 $ 2.951.937 S 595.359 S 595.359 It 11.924 2% Phase 5-C.ourissioning S 139.485 $ 69,343 S - S 69.343 $ 19,283 $ 19.283 It 503 3% Phan 6-Cfoa ul $ 34,814 $ 13,766 S • S 13,756 $ 10,080 $ 10.080 $ 0% Phan 7-Contingency S 2,850,952 8 470,800 1S 410,800 $ $ - I $ 0% PROJECTTOTAL $ 20.758,000 $ 5.158,918 $ - $ 6.158.918 11 $ 1,699,596 It - S 1.69B.596 $ 513,228 313% Reimbursable Costs PROJECT NET 1 $ 20,758,000 1 S 5.158.918 It -I s 5.158.918 $ 11699.596 $ - It 1,699,598 $ 513,228 30% PSA/Conwct OesInPSA I $ 1.300.000 S 978.158 $ 978,158 S 339738 S It 339.738 Construction Contract $ 14,000,000 1 $ 2,054,000 1 It 2.054.000 11 S - $ - $ EDM& m33wan Is To,COMMITTEE Meetingt1/aY/O6 Da Ba.ul Dlr. 1v,s�ns AGENDA REPORT tlem Number Item Number PDC06-116 11 I Orange County Sanitation District Collections reeil FROM: David A. Ludwin, Director of Engineering Originator: Hardat Khublall, CIP Project Manager SUBJECT: REALIGNMENT AND REHABILITATION OF THE BIG CANYON OFFSITE TRUNK SEWER, CONTRACT NO. 5-62 GENERAL MANAGER'S RECOMMENDATION Approve a budget increase of$800,000 for a total project budget of$4,611,000 for the Realignment and Rehabilitation of Big Canyon Offsite Trunk Sewer, Contract No. 5-62. SUMMARY • The City of Newport Beach has been authorized to administer the construction of the Realignment and Rehabilitation of the Big Canyon Offsite Trunk Sewer as part of a joint project the City is undertaking in the Big Canyon Country Club (BCCC) Golf course community. • The contractor selected by the City of Newport Beach to perform the Construction of the Orange County Sanitation District's (Sanitation District) project is Beador Construction Company, Inc. and construction is approximately 60 percent complete. • This budget increase will account for fees for design consultant's construction support services City administrative fees, geotechnical and surveying costs, Sanitation District's staff costs and contingencies (for change orders). • The current budget underestimated the Sanitation District staff time and consultant services required. It also did not take into account the $348,000 the Sanitation District paid BCCC for economic impacts. PRIOR COMMITTEEIBOARD ACTIONS At the February 22, 2006 meeting, the Sanitation District Board of Directors approved a budget amendment of$1,511,800 for a total project budget of$3,811,000. PROJECT/CONTRACT COST SUMMARY See attached Budget Information Table for more information. Page 1 BUDGETIMPACT ❑ This item has been budgeted. (una nem:codrad No.see F 0e107,sedmn e,page 33) ® This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ❑ Not applicable (information item) Additional funds are requested as follows: Description Amount($) Design Consultant Construction Support Services $46,500 City of Newport Beach (Administrative Costs) $16,002 Geotechnical Inspection Services $70,000 Construction Survey Services $70,000 OCSD Staff Costs $243,958 Contingency (For Potential Change Orders) $353,540 TOTAL $800,000 ADDITIONAL INFORMATION The Big Canyon Offsite Trunk Sewer constructed in 1968 is approximately 7,500 feet in length and consists of 15-inch and 12-inch vitrified clay pipes. This sewer line extends through the BCCC golf course just west of Jamboree Road in the City of Newport Beach. The original sewer line was constructed at depths between 10 and 20 feet. Wdh the development of the Big Canyon Golf Course in 1971, fill was added over this sewer line that increased the depth of the sewer to over 40 feet in some areas. The Sanitation District conducted a video inspection of the sewer line in December 1999. The inspections revealed several defects, including cracks, sags, infiltration, mineral deposits, and offset joints. This reach of the pipeline has been plagued with severe maintenance difficulties and recommendations were adopted to replacetrehabilitate this reach of sewer line by 2009. In 2005, the City and BCCC requested that the Sanitation District participate in a joint construction project to be administered by the City of Newport Beach to minimize the overall construction impacts to the Golf Course and coordinate the work with their planned improvement schedule which includes the City of Newport Beach's local sewer rehabilitation project. ALTERNATIVES None Page 2 CEQA FINDINGS The City of Newport Beach is responsible for CEQA compliance and on May 2, 2006 has filed a Notice of Exemption for Califomia Environmental Quality Act (CEQA) pursuant to Class 1(b), Section 15301 of the CEQA guidelines. This project was also included in the Sanitation District's 1999 Strategic Plan Program Environmental Impact Report certified on October 27, 1999. A Notice of Determination was filed on October 29, 1999. ATTACHMENT Budget Information Table HK:RC:bm:eh:kf H:Wept%agendakB nl Agenda ReMftT006Board AgeWa Repode1110vtem 11iij.562.do Page 3 BUDGET INFORMATION TABLE REALIGNMENT AND REHABILITATION OF BIG CANYON OFFSITE TRUNK SEWER CONTRACT NO. 5.62 PROPOSED !y ORIGINAL. CURRENT BUDGET PROPOBEb FUNDS TNI§ PRbPO$Eb "fIkATEb 'lEBiiliATe6 ; PROJECTIPHASE AUTHORRED PROJECT REVISED AUTHORIZEDTO AUTHORIZATION TOTAL EIDSEIIDITURE kZ NbWTU BUDGET BUDGET INCREASE BUDGET DATE REQUEST AUTHORRATION TO DATE 6AYEI5$}-. IDECREABE Phase 1-Project Devel menl $ - $ 43,332 f - S 43,332 S 43.332 S - S 43.332 E 43,332 100% Phase 2-Prelimiru Design $ - S S S $ 0% Phase 3-Dee n $ 180,00D 1 $ 185,177 $ -I $ 185,177 $ 1115.1771 $ - $ 185.177 $ 185,177 100% Phase 4-Comt udion $ 2.034.000 $ 3.507,491 S 446.460 $ 3,953.951 $ 3.507.491 $ WOOD) $ 4,307.491 S 446,272 10% Phase 5-Commisslonim $ 6.000 $ 22.000 $ 22.000 $ 22.000 $ 22,000 0% Phase 6-Class-Out f 10000 S 18,00D $ 18.000 $ 18,000 $ 18,OOD 0% Phase 7-Conlin en $ 50,000 E 35,000 S 353.540 $ 388.54D S 35,00D S 35,00 PROJECTTOTAL S 2,280,000 $ 3.811.000 S $00.0001 S 4,611,000 $ 3,811,000 S 4.611,000 $ 674,781 1S% Reimbursable Coats $ PROJECT NET 6 2,280,000 $ 3,511.000 1 $ 500.000 $ 4,611.000 - S 3.811,000 $ - I S 4.611,000 E 674,781 15% PSAIConlnat n PSAICMS... $ 50000 S 207,590 S 46500 S 254.000 S 207.500 S 46600 S 254,0D0 I S 130.450 51% Conshucllon Co.had $ 2,000,0D0 I S 2.915,400 S 2.916.400 11$ 2.915.400 1 $ 2.915.400 S 158,902 1 5% EDM3:003817971 Fi 1 PDC COMMITTEE Meetm9 Me To 8d.of Dir. 11/02/W 11/15/06 AGENDA REPORT Item Number Item Number PDC06-116 110) Orange County Sanitation District FROM: John Linder, Engineering Manager Originator: Jim Burror, Engineering Supervisor SUBJECT: COOPERATIVE PROJECTS GRANT PROGRAM, JOB NO. J-73 GENERAL MANAGER'S RECOMMENDATION (1) Approve Amendment No. 4 to Cooperative Projects Program Contract No. 0126 with the City of La Habra, providing for a contract modification with no additional funding; and (2) Approve grant funding for $380,000 for Closed Circuit Television inspection and sewer condition assessment from the City of Buena Park to be paid in Fiscal Year 2008/09. SUMMARY • The Cooperative Projects Grants Program (Program) provides funds to local agencies for projects that reduce or eliminate inflow and infiltration (Ill) to the sewer collection system. • The City of La Habra requests Amendment No. 4 to Cooperative Projects Program Contract No. 0126 (Contract) to revise the project scope, including relining up to 597 feet of pipeline to avoid total sewer collapse and spill. • The City of Buena Park requests a new grant for $380,000 for CCTV inspection and sewer condition assessment. Based on the Cooperative Projects Program funding the City of Buena Park will be paid in FY 08/09, PRIOR COMMITTEEIBOARD ACTIONS On October 11, 2006, the Cooperative Projects Grant Committee recommended approval of Amendment No. 4 to Cooperative Projects Program Contract No. 0126 with the City of La Habra; the Committee also recommended approval of grant funding for $380,000 for Closed Circuit Television inspection and sewer condition assessment from the City of Buena Park to be paid in Fiscal Year 2008/09. PROJECT/CONTRACT COST SUMMARY The total amount of grant reimbursements approved for member agencies since 1999 through the Program is $22,952,554. Foml No.M-1020 /peMr Peso-PDC DW 320 flw1eN. 11IBRW9 Page 1 Capital grants to member agencies are currently included as an item in the Orange County Sanitation District (Sanitation District) Joint Operating Budget. There are 17 outstanding contract agreements and a total of approximately $5,836,151. BUDGETIMPACT ® This item has been budgeted. (Line item: FY O6107 — Section 5, pages 1 and 4) ❑ This item has been budgeted, but there are insufficient funds. ❑ This Rem has not been budgeted. ❑ Not applicable (information item) ADDITIONAL INFORMATION Since July 2006, the Sanitation District has received two requests; one from the City of La Habra and one from the City of Buena Park. CITY OF LA HABRA AMENDMENT The City of La Habra (City) has been identified as having a high level of 1/1 by the Sanitation District's long-term flow monitoring efforts. Presently, the Cooperative Projects Program Contract No. 0126 (Contract) stipulates that 597-linear feet (LF) of eight-inch sewer located 30-feet deep in Cajon Drive is to be replaced by open-trench excavation. Amendment No. 4 to the Contract will provide for relining up to 597 LF of pipe in-lieu of replacement to maintain the structural integrity of the existing pipeline. Under these special circumstances, the relining will be conducted utilizing a trenchless method, and Closed Circuit Television (CCTV) work prepared by the City of La Habra will be substituted for the flow monitoring report to avoid any further delays to the Project. The intent of the Contract, as amended, will serve to reduce 1/I, at both the local and regional level of the sewer systems, minimize impacts to the public, and provide significant time and cost savings benefits to the overall Project. The grant funding for this Contract remains unchanged. CITY OF BUENA PARK APPLICATION Based on the Sanitation District's long-term flow monitoring efforts, the City of Buena Park has also been identified as one of the higher areas of 1/1 impacting the Sanitation District's regional sewer system. Grant funding to the City of Buena Park will provide the funding to assess the local sewer system and develop a plan and capital improvement program in an effort to reduce 1/1. The project is expected to be completed in Fiscal Year (FY) 06/07. Based on the Cooperative Projects Program, funding for the City of Buena Park will be paid in FY 08/09. F..N. om a2o flnoeE. I IA4p05 Page 2 OTHER COMMITTEE ACTIONS On October 11, 2006, the Committee recommended approval of the deletion of Paragraph 7F from the Cooperative Projects Program Contract template, and the corresponding language in the Program guidelines, allowing for the Committee to recommend grant funding approval for any CCTV and condition assessments. ALTERNATIVES 1. Do not approve contract amendment with City of La Habra. Not approving the Amendment would further delay the schedule and funds needed to repair and maintain the structural integrity of the sewer to avoid sewer collapse and spill. 2. Do not approve funding request for the City of Buena Park (City). Withholding funds could prevent the City from completing the work as planned and identified in the attached Summary Report. CEQA FINDINGS Local agencies are responsible for CEQA compliance. ATTACHMENTS 1. Letter from the City of La Habra 2. Application Summary Report AA:sa K%dapllagendalBoard Agenda RepoNSR006 Board Agenda Reporls11106\Item 11 Q).J-73 doc Fd.No.DW 102 Awnm Rewr-Roc �]ZO Rwiem. 11/erzC06 Page 3 'v G1SY of Q City of La Habra RECE,"`D pUBLIC WORKS "A Caring Community" T4 XT -2 f1{ ]; yq 621 W.Lwnben Road uss P.O.Box 337 La Habra,CA%63M337 Er�cm•!rFrI��.� Offim:(562)985-9792 Fax:(562)691-1626 September 25, 2006 Mr. John Linder Engineering Manager Orange County Sanitation District 10844 Ellis Ave. Fountain Valley, Ca. 92708 Subject: Request for Revisions to Cooperative Projects Program Contract No. 0126-Cajon Sewer Project Dear Mr. John Linder The City of La Habra hereby'requests that the Orange County Sanitation District consider allowing some revisions to the Cooperative Projects Program Contract No. 0126 for the Cajon Sewer Project. These revisions will basically maintain the same end result of reducing infiltration and inflow (W) to the local wastewater collection system and accelerate the construction schedule while at the same time significantly reducing the cost of construction. The City realizes that the revisions, as requested, may require an additional amendment to the Contract. La Habra is requesting these revisions because a recent CCTV inspection revealed that several sections of the 597 feet of 8-inch sewer pipe in Cajon Drive, that is part of this Contract, is so badly cracked that it is possible that a total collapse of the sewer pipe could occur at any time resulting in a sanitary sewer overflow. The City desires to utilize a different method of installing a new pipe that utilizes trenchless technology in lieu of using the open trench excavation method which was specified in the original Contract. The 597 feet of sewer pipe in Cajon Drive included in this project is approximately 30-feet deep which makes open trench excavation considerably more expensive than was originally estimated. Also due to the depths involved, the project would require a longer time to construct resulting in more long-term negative impacts to the local residences and emergency service providers. 1 V v The following revisions are requested for OCSD's consideration in Contact No. 0126: 1. OCSD's approval allowing the City of La Habra to expedite the work by retaining a contractor to reline the existing pipeline and begin construction concurrently with the processing of Amendment # 4 (if deemed to be required). The reason the City wishes to expedite the work is because the 2006 CCTV inspection revealed that approximately 597 LF of sewer pipe is cracked to the point that some sections could collapse or fail at any time resulting in a sanitary sewer overflow 2. The City would also like to submit our CCTV inspection report of the 597 LF of pipeline instead of submitting a flow monitoring report as stipulated in section 9 - C of the Contract. We feel that the time required to contract for and perform the flow monitoring at this point will further delay the much needed repairs. Moreover, the City's CCTV inspection conducted in 2001 and 2006 clearly shows evidence of infiltration in the sewer pipeline to be repaired under this Contract. 3. The City also requests a change in the method of installation of up to 597 feet of sewer pipe. The original contract called for replacement of the existing sewer pipe by open trench method on a system that is approximately 30-feet deep. Upon re-evaluation of the pipe condition, it is requested that the City be allowed to use a more cost effective relining method that uses trenchless technology (relining) and avoids the deep excavation. This trenchless method utilizes a flexible pipe which is inserted through the manholes and then pressurized to take the form of the existing pipe. This trenchless method is commonly used today by several wastewater agencies and provides significant cost savings to the project by reducing construction cost and costs associated with traffic control. Additionally, the open trench method called for upsizing the existing 8-inch pipe to a 10-inch pipe while the existing pipe was being removed. The 2005 Sewer Master Plan performed a hydraulic model of the sewer system and the results indicated that the existing 8-inch pipe will adequately handle our peak flow periods. Because the City is "built out" in this area, we believe that relining the existing 8-inch pipe will not only suffice for this area but the new lining will result in positive improvements over the existing flow efficiency. Should OCSD approve these necessary revisions, the City's intent for utilizing the grant funds remains the same, in that the proposed work will result in a new pipeline to replace the existing pipe to reduce I&I into the sewer system. 2 a On behalf of the City of La Habra, I would like to thank all your staff members, all of whom have been very helpful and responsive to City's staff in working through the details to get this project moving forward and hopefully completed in a timely manner. The City of La Habra sincerely appreciates the efforts of the Board in working with the City on several previous and current Cooperative Projects Program Contracts. If you have any questions regarding this request or should require any additional information, please feel free to call me or Eldon Davidson at (562) 905-9792. Sincerely, Steve Castellanos Director of Public Works Cc: Angie Anderson, OCSD Jim Burror, OCSD 3 Cooperative Projects Grant Program Application Summary October 11,2006 0 Received Agency Request Projed Scme 1 Au ust 2008CRY of Park $380.000 CCTV 25 Total aannt request S3801000 Application#3 Agency: City of Buena Park Previous Funding: To date$524,472.53 has been provided to Buena Park. Currently OCSD has an outstanding obligation up to$619.697.00 for Buena Park projects. Project: CCTV inspection and condition assessment Total Project Cost: $380,000 Requested Amount: $190,000 Est. Infiltration in area: No estimate provided Est. Savings to OCSD: unknown Est. Payback Period: unknown CPGP Project Score: 25 Project Description: This project will continue the condition assessment element of the Buena Park's sewer master plan and capital improvement program. The project includes CCTV inspection of 400,000 feet of sewer. Project Analysis: Cost break down-$380,000 CCTV inspection. No significant 1/1 reduction. r Cooperative Projects Grant Program Application Summary October 11,2006 AGENCY CONTRACT GRANT APPROVED NEW NEW AMEND REASON NO. MOTTO COMPLETE COMPLETE INVOICE NO. FOR EXCEED DATE DATE DATE REQUEST AMOUNT Buena CP-0803 $380,000 6/30/07 Park MINUTES OF THE SPECIAL JOINT MEETING OF THE FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE & STEERING COMMITTEE Orange County Sanitation District Thursday, October 26, 2006, 7:00 p.m. A joint meeting of the Finance, Administration and Human Resources Committee and the Steering Committee of the Orange County Sanitation District was held on October 26, 2006, at 7:00 p.m., in the Sanitation District's Administrative Office. (t) The roll was called and a quorum declared present, as follows: FAHR COMMITTEE MEMBERS: STAFF PRESENT: DIRECTORS PRESENT: Jim Ruth, Interim General Manager Darryl Miller, Chair Bob Ghirelli,Acting Assistant General Manager Mike Duvall,Vice Chair Lorenzo Tyner, Director of Finance and Bill Dalton Administrative Services Rich Freschi Jeff Reed, Human Resources Manager Phil Luebben Lilia Kovac, Committee Secretary Joy Neugebauer Rich Spencer, Human Resources Supervisor Mark Waldman Kim Erickson, Human Resources Analyst OTHERS PRESENT: DIRECTORS ABSENT: Brad Hogin, General Counsel Doug Davert, Board Vice Chair John Bartel, Bartel &Associates Jim Ferryman, Board Chair James W. Silva (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS There were no public comments. (4) REPORT OF THE COMMITTEE CHAIR Chair Miller did not give a report. (5) REPORT OF THE GENERAL MANAGER Jim Ruth, Interim General Manager did not give a report. (6) REPORT OF DIRECTOR OF FINANCE AND ADMINISTRATIVE SERVICES Lorenzo Tyner, Director of Finance, did not give a report. Minutes of the Special Joint meeting of the Finance, Administration and Human Resources Committee and Steering Committee Meeting October 26, 2006 Page 2 (7) REPORT OF GENERAL COUNSEL General Counsel Brad Hogin did not give a report. (8) CONSENT CALENDAR ITEMS There were no items to consider (9) ACTION ITEMS There were no action items to consider. (10) INFORMATIONAL ITEMS a. FAHR06-75 Retirement and benefits program review. Mr. John Bartel presented to the committee the benefits platform the Sanitation District is currently under contract obligation to provide its employees, as well as industry and public office benefits statistics. The Committee members had questions answered during this time with various scenarios and its financial impacts, as a way to compare and consider possible changes to the current benefits program. (11) CLOSEDSESSION There was no closed session. (12) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. (13) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. (14) FUTURE MEETING DATES The next regular FAHR Committee meeting is scheduled for November 8, 2006, at 5 p.m. Minutes of the Special Joint meeting of the Finance,Administration and Human Resources Committee and Steering Committee Meeting October 26, 2006 Page 3 (15) ADJOURNMENT The Chair declared the meeting adjourned at 8:35 p.m. Submitted by: LII a Kovac Committee Secretary H:ldepllapmdaWAHR%FAHR2666\102606 Benefits Meetingl1D2606 FAHR Minut .dap I FAHR COMMITTEE HeNnreoae TO'Bd r. 1 UDa/eb 1115 1m AGENDA REPORT Rem Number Rem Nen)bW FAHR06-78 12(b) Orange County Sanitation District FROM: Mike White, Controller SUBJECT: FIRST QUARTER FINANCIAL REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2006 GENERAL MANAGER'S RECOMMENDATION Receive and file the FY 2006-07 First Quarter Financial Report for the period ended September 30, 2006. SUMMARY Attached in a separately bound document is the First Quarter Financial Report for the period ended September 30, 2006 that includes the quarterly operating and capital budget-to-actual report, the quarterly investment report, the quarterly swap (interest rate exchange agreement) report, and the quarterly certificates of participation report. PROJECTICONTRACT COST SUMMARY N/A BUDGETIMPACT ❑ This item has been budgeted. ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ® Not applicable (information item) ADDITIONAL INFORMATION None. ALTERNATIVES N/A X 12(b)lY W Fi Pq.Oac �,aa exam Page 1 CEQA FINDINGS N/A ATTACHMENTS Attached in a separately bound document is the First Quarter Financial Report for the period ended September 30, 2006 H m�Aq NMN1iD.Y Rwb111ffiM 1' )11a Fe Np.Mi Page 2 FAHR COMMITTEE aeeVLODal, T"sa.orotr. 11/a8/06 ullslos AGENDA REPORT 1Oern Nunbh ItexRN"mber FAHDO w 12(c) Orange County Sanitation District FROM: Mike White, Controller Originator: Angela Brandt,Accounting Supervisor SUBJECT: EXTENSION OF COMMERCIAL LEASE WITH VILLAGE NURSERIES GENERAL MANAGER'S RECOMMENDATION Approve Amendment No. 1 to the Real Property Lease Agreement, Specification No. L-018, with Village Nurseries Wholesale, LLC, providing for a lease extension effective December 1, 2006 through November 30, 2011, with option to renew for three additional 5-year periods. SUMMARY The Sanitation District entered into a 10-year lease agreement with Village Nurseries effective December 1, 1996 in connection with real property located across Garfield Street from Plant No. 1 that will expire on November 30, 2006. This property is being held by the Sanitation District for potential expansion of Plant No. 1 should new governmental treatment regulations be adopted that would require the Sanitation District to build additional facilities. The terms of the lease provides for lease extensions in four, five-year, mutually negotiable increments, or up to 20 additional years. This proposed Amendment No. 1 would be for the first five-year lease extension with Village Nurseries that would run through November 30, 2011. A Provision is contained within the original lease that would allow the Sanitation District to terminate the lease upon six months written notice should an event occur that would require the use of the premises. At the request of Village Nurseries, a provision that would allow them to terminate the lease upon six months written notice has been included within the proposed Amendment No. 1. This request was made by Village Nurseries due to the possibility that Southern California Edison may, at some point, terminate their lease on an adjacent property. PRIOR COMMITTEE/BOARD ACTIONS On December 18, 1996, the Board approved a 10-year lease agreement with Village Nurseries in connection with real property, including buildings and other improvements located thereon. Fd No.o*lWi ASeigf Re -FLAIR "ep szo R«eee iinrnvs Page 1 PROJECT/CONTRACT COST SUMMARY The proposed Amendment No. 1 specify annual lease payments that increase approximately five percent per year over the life of this amendment and will generate lease income in the amount of$32,550 over the five year period at no additional out-of- pocket cost to the Sanitation District. BUDGETIMPACT ❑ This item has been budgeted. (Line item: ❑ This item has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ® Not applicable (information item) ATTACHMENTS None Form No.DV 102A DaP1 ug Agenda Regn-FW R Reei»] 1N2W5 Page 2 FAHR COMMITTEE "n9D2te TOBO.of Dlr. u/ae/os a/ls/W AGENDA REPORT Item Number Item Nvm6e FAHR06-80 12 d Orange County Sanitation District FROM: Mike White, Controller SUBJECT: ORANGE COUNTY SANITATION DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT(CAFR) FOR THE YEAR ENDED JUNE 30, 2006 GENERAL MANAGER'S RECOMMENDATION Receive and file the Comprehensive Annual Financial Report (CAFR)for the year ending June 30, 2006, prepared by staff and audited by Mayer Hoffman McCann P.C., Certified Public Accountants. SUMMARY The Sanitation Districts independent auditors, Mayer Hoffman McCann P.C. (MHM), have completed their examination of the Sanitation District's financial statements for the year ended June 30, 2006 and have issued an unqualified opinion. Each year, the FAHR Committee reviews the results of the audit and the corresponding Auditor's report to the Committee. During the audit performed by MHM, no matters involving the internal control over financial reporting and its operations that the auditors consider to be material weakness were noted. Ken AI- Imam, Partner, will attend the meeting to respond to any questions of Directors. This year, staff has again prepared the Comprehensive Annual Financial Report that includes the audited financial statements. For the last twelve years, the Sanitation District has earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). This year's report will again be submitted to GFOA for their review in anticipation of another award. The Comprehensive Annual Financial Report, including the Auditor's opinion letter, the Auditor's Report to the Committee, the Auditor's Report on Compliance and Internal Control Over Financial Reporting, the Auditor's Appropriations Limit Report, and the Auditor's Single Audit Report are attached. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT ❑ This item has been budgeted. (Line item: ) M Wap OQMa LL dAWv Re[p Sa � Id 1- .I ReF 111109Wem I2I41 GFR N�c PpnlE 11A 13 Page 1 f ❑ This Rem has been budgeted, but there are insufficient funds. ❑ This item has not been budgeted. ® Not applicable (information item) ATTACHMENTS 1. Comprehensive Annual Financial Report for the year ended June 30, 2006. (Separately bound document). 2. Single Audit Report on Federal Awards (Separately bound document). 3. Report on Compliance and Internal Control Over Financial Reporting. 4. Independent Accountants' Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheets. 5. Independent Accountant's Report on Applying Agreed-Upon Procedures M Wept�mda�Asene Rea s�M5 rd Menu Rep l f WVtom 12(d)CAFR LK.LLc Re, 812Me Page 2 Mayer Hoffman McCann P.C. An IneepenCent CPA Firm Conrad Government Services Division 2301 Dupont Drive, Suite 200 Irvine, Calffomia 92612 949474-2020 ph 949-263-5520 fx vmnv.mhmpc.com Board of Directors Orange County Sanitation District Fountain Valley,California Report on Compliance and Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Anditine Standards We have audited the financial statements of the Orange County Sanitation District("District')as of and for the year ended June 30, 2006, and have issued our report thereon dated August 31, 2006. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the District's financial statements are free of material misstatement,we performed tests of its compliance with certain provisions of laws,regulations, and contracts,noncompliance with which could have a direct and material effect on the determination of financial statement amounts. Providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing the audit, we considered the District's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements, rather than to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. This report is intended solely for the information and use of the Board of Directors and management of the District and is not intended to be and should not be used by anyone other than these specified parties. Wine,California August 31,2006 Mayer Hoffman McCann P.C. An Independent CPA Flan Conrad Government Services Division 2301 Dupont Drive,Suite 200 Irvine,California 92612 949-474-2020 ph 949-263-5520 fz v .mhmpe.wnn Board of Directors Orange County Sanitation District Fountain Valley, California Independent Accountants' Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheets We have applied the procedures enumerated below to the appropriations limit worksheets prepared by the Orange County Sanitation District for the year ended June 30, 2006. These procedures, which were agreed to by the Orange County Sanitation District and the League of California Cities (as presented in the League publication entitled Article NUB Appropriations Limitation Uniform Guidelines) were performed solely to assist the Orange County Sanitation District in meeting the requirements of Section 1.5 of Article JM of the California Constitution. This engagement to apply agreed-upon procedures was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the specified users of the report Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures performed and the results of those procedures were as follows: I. We obtained the worksheets referred to above and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the Board of Directors. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote. Results: No exceptions were noted as a result of our procedures. 2. We recalculated the mathematical computations reflected in the District worksheets. Results: No exceptions were noted as a result of our procedures. S Board of Directors Orange County Sanitation District Page Two 3. We compared the current year information used to determine the current year limit and found that it agreed to worksheets prepared by the District and to information provided by the State Department of Finance. Results: No exceptions were noted as a result of our procedures. 4. We compared the amount of the prior year appropriations limit presented in the worksheets to the amount adopted by the Board of Directors for the prior year. Results: No exceptions were noted as a result of our procedures. We were not engaged to, and did not, perform an audit, the objective of which would be the expression of an opinion on the worksheets referred to above. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines. This report is intended solely for the use of the Orange County Sanitation District and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes. However,this report is a matter of public record and its distribution is not limited. Irvine, California August 31, 2006 Mayer Hoffman McCann P.C. An Independent CPA Finn Conrad Government Services Division 2301 Dupont Drive,Suite 200 Irvine,California 92612 949-474-2020 ph 949-263-5520 fz w .nnhni-pcxom Mr. Dean Gallagher Mr.Lorenzo Tyner QF Resources Director of Finance and Southern California Edison Company Administrative Services P.O. Box 800 Orange County Sanitation District Rosemead, CA 91770 10844 Ellis Avenue Fountain Valley,CA 92827-8127 INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES We have performed the procedures enumerated below, which were agreed to by the Southern California Edison Company (Company) and the Orange County Sanitation District (OCSD) solely to assist you in determining compliance with the Interconnection Facilities Agreement between the Company and the OCSD dated July 16, 1996. This engagement to apply agreed- upon procedures was performed in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the specified users of the report Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. 1. We have determined, based on a review of the Independent Auditor's Report(Report), which was prepared by Mayer Hoffinan McCann P.C. on the June 30, 2006 audited financial statements of the OCSD, that the Report a) is dated no more than eighteen months prior to the date of this report, b) includes no exception or qualification as to going concern or the scope of the audit and c) indicated the audit was conducted in accordance with auditing standards generally accepted in the United States of America. 2. Based on the following terms as defined in Section 12 of the Interconnection Facilities Agreement, we calculated the tangible net worth of the OCSD using the June 30, 2006 audited financial statements to be greater than$1,780,562. a. Tangible Net Worth: Tangible assets less all indebtedness and deferred credits, after all eliminations in accordance with accounting principles generally accepted in the United States of America(GAAP). b. Tangible Assets: All assets (less depreciation and all other reserves properly established in accordance with GAAP) except for assets classified as intangibles in accordance with GAAP. i Mr. Dean Gallagher Mr. Lorenzo Tyner QF Resources Director of Finance and Southern California Edison Company Administrative Services August 31,2006 Orange County Sanitation District Page 2 We were not engaged to, and did not, perform an examination, the objective of which would be the expression of an opinion on the specified items. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the specified users listed above and is not intended to be and should not be used by anyone other than these specified parties. 172�P . Irvine, California August 31,2006 FAHR COMMITTEE Mrn9Date T01�•ag7• I1108/06 11/ls/06 AGENDA REPORT Item Number Item Numue FAHR06-81 111.1 Orange County Sanitation District FROM: Lorenzo Tyner, Director of Finance& Administrative Services Originator: Jeff Reed, Acting Human Resources & Employee Relations Manager SUBJECT: MID-YEAR STAFFING MODIFICATIONS: RECLASSIFICATION ADJUSTMENTS GENERAL MANAGER'S RECOMMENDATION Approve the reclassification of four OCSD positions affecting incumbents predicated on employees satisfying position qualifications and the indefinite and ongoing need to accomplish work at the higher level, providing for: (1) Reclassification of the Human Resources Manager position at PG 94 ($8,764 - $10,955) to Human Resources and Employee Relations Manager at PG 96 ($9,207 - $11,509); (2) Reclassification of Source Control Inspector I position at PG 69 ($4,729 - $5,911) to Source Control Inspector II at PG 73 ($5,217 - $6,523); (3) Reclassification of Information Technology Analyst I position at PG 71 ($4,966 - $6,207)to Information Technology Analyst II at PG 75 ($5,483-$6,854); and, (4) Reclassification of Senior Information Technology Analyst position at PG 83 ($6,680 -$8,349)to Principal Information Technology Analyst at PG 87 ($7,372 - $9,216). SUMMARY In an effort to support OCSD's staffing plan, it is necessary to review and modify job titles and pay grades to address changes in work. This occurs in situations where staffing requirements result in the need for higher levels of skill and knowledge. Furthermore, the need for the higher skill and knowledge levels must be indefinite and ongoing. Board of Directors Policy C10.10, as well as bargaining unit Memorandums of Understanding, address this process. Both state that requests are considered twice per year, once during the annual budgeting process and again in November. During the current period, thirteen requests were submitted for consideration. The Human Resources Division reviewed each request in detail and discussions ensued with the appropriate supervisor, manager, or department head. Consequently, the Human Resources Division recommends that four of the requests be approved (Attachment 1). The four requests will result in classification changes to positions with incumbents, effective immediately following Board approval. These four employees have met the criteria outlined in the Reclassification Guidelines, which are summarized below: C:LLMumeNa eM W.ng.�S N.ITemp W.F.WIMK78W 1Y.)FISInFM-... Page 1 1. The incumbent has been in the position being considered for reclassification and performing the higher level duties for at least 6 months. 2. The incumbent meets the qualifications for the position being considered for reclassification. 3. The incumbent's classification is not being reclassified from a non-supervisory to a supervisory classification. Detailed information regarding each of the requests is documented in the additional information section. PRIOR COMMITTEEIBOARD ACTIONS N/A PROJECTICONTRACT COST SUMMARY The cost for the salary increases as a result of the reclassifications for the remainder of FY O6/07 (November to June) is $7,455. Annualized cost of the salary increases as a result of the reclassifications is $12,780 with sufficient funds existing from already budgeted labor costs. BUDGET IMPACT ❑ This item has been budgeted. ❑ This item has been budgeted, but there are insufficient funds. ® This item has not been budgeted. (sufficient funds exist from budgeted labor costs). ❑ Not applicable (information item). ADDITIONAL INFORMATION 240 — Human Resources Division Reclassify the Human Resources Manager position at PG 94 ($8,764 - $10,955)to Human Resources and Employee Relations Manager at PG 96 ($9,207 - $11,509) based on the elimination of the Director of Human Resources position, and in support of organization-wide human resources, employee relations and labor relations programs. Under direction of the Board of Directors, organizational changes are being implemented to increase District effectiveness and efficiency. With the elimination of the Director of Human Resources position, additional responsibitities for the human resources, employee relations, and labor relations program were transferred to the Human Resources Manager position. This increase in scope and complexity supports a recommendation for reclassification and placement to PG 96. This workload is indefinite and ongoing. 640 — Source Control Division cNmnenu v,eIWIM.lmo.LLml$emgnTmpMiy I.F+n1C4(> Ia., ImM-xv®ex a..e.a Page 2 Reclassify a Source Control Inspector I position at PG 69($4,729 - $5,911)to Source Control Inspector II at PG 73 ($5,217 - $6,523) based on performing the full scope of the job functions in support of the District's source control program. When initially assigned to the Source Control Inspector I level, the incumbent worked under close supervision, and received detailed instructions on tasks assigned. Over the past year, the incumbent has performed his job responsibilities at the higher classification of Source Control Inspector II requiring limited supervision, and complete understanding of the operating procedures and policies of the source control department. This is demonstrated by the incumbent handling the more difficult assigned industries including SIU metal finishers, a significant increase in the more problem-solving inspections, and managing complex projects such as tomato waste investigation and sampling. The distinct differences between the Source Control Inspector I and the Source Control Inspector II are the level of supervision received, the type of instruction on the task at hand, and the job knowledge necessary to complete the tasks. At the Source Control Inspector I level there is close supervision with detailed instructions given for new or special assignments. There is an understanding of the general aspects of the job and limited understanding of the technical phases of the job. While at the Source Control Inspector II level or journey level, supervision is limited with no instructions needed on routine work. General instructions are given on new or special assignments, and there is complete understanding of the general aspects and technical phases of the job and their practical applications to problems and situations. This workload is indefinite and ongoing. 920— Information Technology Customer Support Division Reclassify the Information Technology Analyst I position at PG 71 ($4,966-$6,207) to Information Technology Analyst 11 at PG 75 ($5,483 -$6,854) based on performing the full scope of the job functions in support of the District's information technology systems. When initially assigned to the Information Technology Analyst I level, the incumbent worked under close supervision, and received detailed instructions on tasks assigned. Over the past year, the incumbent has performed the full range of duties assigned, working independently, applying well developed information technology knowledge, and exercising judgment and initiative. This is demonstrated by the incumbent taking on the lead role in supporting the maintenance and upgrade of the Magic server-based applications, as well as upgrade of the Laboratory Atlas application server and client upgrades. Work is only reviewed on completion and for overall results. The distinct differences between the Information Technology Analyst I and the Information Technology Analyst II are the level of supervision received, the type of instruction on the task at hand, and the job knowledge necessary to complete the tasks. At the Technology Analyst I level there is close supervision with detailed instructions given for new or special assignments. There is an understanding of the general aspects of the job and limited understanding of the technical phases of the job. In contrast, at the Information Technology Analyst II level or journey level, supervision is limited with no instructions needed on routine work. General instructions are given on new or special assignments, and there is complete understanding of the general aspects and technical phases of the job and their practical applications to problems and situations. C;'Anpp,yg q,rl5dlgppyvm4pxl$pdtgsRm�a,ay Inln„0 F�WLRIRTm 131e1 �-K^' nwsea. �, Page 3 e This workload is indefinite and ongoing. 940— Programming & Database Support Division Reclassify the Senior Information Technology Analyst position at PG 83 ($6,680 - $8,349) to Principal Information Technology Analyst at PG 87 ($7,372 - $9,216) based on performing the highest level of professional computer and related systems support in administering the District's Geographic Information System (GIS). In administering the enterprise-wide GIS system, the incumbent has been responsible for the following: Conceptualize, plan, develop, implement, assess, and manage system architectures, foundational GIS data and databases, user opportunities, and application platforms. Identify and lead implementation of IT GIS solutions to meet business needs. • Review system and database requirements for aerial orthophotography raster storage. Found alternate, lower time-cost solutions with new, faster server processor technology. • Ascertain the best geographic information system implementation framework to guide the Enterprise GIS Strategic Plan based on knowledge of wastewater management business processes. • Deploy GIS tools, training, and support where needs exist. Perform comprehensive systems analysis to design and develop new and enhanced systems. The distinct difference between the Senior Information Technology Analyst and the - Principal Information Technology Analyst is the level of responsibility. At the senior level, the analyst is required to provide highly advanced technical support on very complex computer systems and programs. Expectations at this level are to analyze, design, evaluate, develop, test, and maintain a variety of systems and programs. In contrast, at the principal level, the analyst is expected to develop, direct, and ensure operational availability on the most complex and strategic operations. The principal level is required to develop and administer strategies, policies and procedures for network availability and security, as well as serve as technical advisor to IT management, District management, and staff. - This workload is indefinite and ongoing. ALTERNATIVES Approve none or some of the recommendations. • If reclassifications are not approved, job duties will be reviewed and modified to be consistent with current classifications. CEQA FINDINGS N/A CLLb sm0 Ss & Stllu TampmyIMwrM Gbs1pIX)plym 13�e)RslasM-Nv OB.trc Page 4 9 ATTACHMENTS 1. Summary Reclassifications and Position Upgrades for November 2006 c:um+.na seume.�awuaa s.nire�r�•ry ix�w nw�wx�smem iz�e�nemnan-r+ww.as � Page 5 ATTACHMENT 1 SUMMARY RECLASSIFICATIONS POSITION UPGRADES NOVEMBER 2006 RECLASSIFICATION REQUESTS Curren j Proposed Div Classlfloation Title Reclassification Title 240 Human Resources Human Resources 8 Manageri Employee Relations Manager _ _ __ _ ___ 640 +Source Control Iraq=1 1 Scums Control Inspec II 920 I RAnalyalI IT Analyst 11 --940 1 Senior R AnalystTl principal IT Analyst I I C.XDocuments and SetangsVerox'Local Satengs\Tempomry Internet F11esQLK7811tem 12(e)Reclass AR-Nov 06-M 1 Mj�-�: � l �� y ��•'.i: 4 ' 4�11 a�NO . --wow y e County Sanitation Di tri i H nia "''' ORANGE COUNTY SANITATION DISTRICT ORANGE COUNTY, CALIFORNIA ,r COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2006 Prepared By: Department of Finance Accounting Division .d Michael D. White, CPA Controller u u u u u u u u (THIS PAGE LEFT KrENTKMALLY BLANIQ I I� u u u u u u u u u Y� ORANGE COUNTY SANITATION DISTRICT Comprehensive Annual Financial Report Table of Contents For the Year Ended June 30,2006 Pace INTRODUCTORY SECTION: Letterof Transmittal..................................................................................................................... i GFOA Certificate of Achievement................................................................................................ viii CSMFO Certificate of Award ....................................................................................................... ix r Board of Directors........................................................................................................................ x OrganizationChart....................................................................................................................... A Mapof Service Area..................................................................................................................... xii FINANCIAL SECTION: Independent Auditors'Report....................................................................................................... 1 Managements Discussion and Analysis—Required Supplementary Information....................... 3.8 Basic Financial Statements: Statementof Net Assets...................................................................................................... 10 Statement of Revenues, Expenses,and Changes in Net Assets...................................... 11 Statement of Cash Flows.................................................................................................... 12 Notes to Basic Financial Statements................................................................................... 13.32 Supplementary Information: Scheduleof Net Assets....................................................................................................... 34 Schedule of Revenues, Expenses,and Changes in Net Assets ........................................ 35 rSchedule of Cash Flows...................................................................................................... 36 STATISTICAL SECTION: Net Assets by Component—Last Five Fiscal Years.................................................................... 38 Revenues and Gross Capital Contributions by Source-Last Ten Fiscal Years.......................... 39 Expenses by Type-Last Ten Fiscal Years.................................................................................. 40 Change in Net Assets—Last Six Fiscal Years............................................................................. 41 `+ Cash and Investment Reserve Balances—Last Ten Fiscal Years.............................................. 42 Sewer Service Fees—Last Seven Fixcal Years&Next Fiscal Year............................................ 43 Number of Accounts and Revenues by Customer Class—Last Ten Fiscal Years...................... 44 y Principal Sewer Service Customers—Current Fiscal Year and Nine Years Ago......................... 45 Ratio of Annual Debt Service to Total Expenses—Last Ten Fiscal Years.................................. 46 Debt Coverage Ratios-Last Eight Fiscal Years.......................................................................... 47 Computation of Direct and Overlapping Debt—Curren Fiscal Year........................................... 48 .+ Ratios of Outstanding Debt—Last Ten Fiscal Years................................................................... 49 Comparison of the Volume of Wastewater Treated-Last Ten Fiscal Years............................... 50 Authorized Full-time Equivalents by Function—Last Ten Fiscal Years....................................... 51 r Biosolids Produced- Last Ten Fiscal Years ................................................................................ 52 Capital Asset Statistics—Last Ten Fiscal Years.......................................................................... 53 Demographic Statistics-Last Ten Fiscal Years.......................................................................... 54 Estimated Populations Served by Orange County Sanitation District—Current Fiscal Year....... 55 r Distribution of Jobs Throughout the Entire County—Most Recent Four Years ........................... 56 MiscellaneousStatistics............................................................................................................... 57 OTHER DATA&TRENDS: �.+ Cash and Investment Portfolio—Current Fiscal Year.................................................................. 60 Property Tax Rates-Direct and Overlapping Governments—Last Ten Fiscal Years................. 61 Assessed and Estimated Actual Value of Taxable Property—Last Ten Fiscal Years................. 62 Property Tax and User Fee Levies and Collections-Last Ten Fiscal Years............................... 63 Property Value and Construction-Last Ten Fiscal Years........................................................... 64 Insurance in Force—Next Fiscal Year ........................................................................................ 65 r u u u u u u u (THIS PAGE LEFT INTENTIONALLY BLANK) u u u u u u u u u u r r r r r M `.I r OCSD Introductory Section r r r r r r r r r u C 0 u 0 � ll U ll �1 t! 11 ORANGE COUNTY SANITATION DISTRICT August 31,2006 _ Phone: The Board of Directors of the n1 m see-2411 Orange County Sanitation District, r Orange County,mat sszat56 9 California www.o..d..om Submitted herewith is the Comprehensive Annual Financial Report of the Orange County Sanitation calling isid eee: District, Orange County, California for the fiscal year ended June 30, 2006. This report includes the P.O. B.8127 financial position and activity of individual revenue areas, as described within the Governmental Structure nnC.ln veil.,.CA 92728-9127 below, as of June 30, 2006 and was prepared by the Accounting Division of the Sanitation District's stM.C.Anrs.: Finance Department. ']Bata Ellis Avenue ountein Valley,cA Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, 22708-7018 including all disclosures, rests with the Sanitation District. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly Membar the financial position and results of operations of the Sanitation District. All disclosures necessary to A,...let enable the reader to gain an understanding of the agency's financial activities have been included. cities The report presented herewith consists of four parts: (1) an introductory section consisting of a letter of transmittal, awards received for the prior year's Comprehensive Annual Financial Report, a listing of the Andhaim Board of Directors, an organization chart, and a map of the service area; (2)a financial section consisting area S. Perk p p 9 of the independent auditors' report, Management's Discussion and Analysis of the financial statements, Cyprea. basic financial statements, and supplementary financial statements and schedule of the individual Fountain vanay Revenue Area Funds; (3) a statistical section consisting of pertinent financial and non-financial data that Fullerton presents historical trends and other information about the Sanitation District; and (4) an other data and cerCan Baca wntingtfn Beech trends section that includes additional annual debt covenant disclosures. Irvin. L.He&. Included within the accompanying financial statements are all of the organizations, activities, and functions La Palma Los trolled b the Sanitation District's Board of Directors in accordance with the Governmental Accounting Beach cony Newpor,tr B Beach Standards Board Statement Number 14, "The Financial Reporting Entity". For the purpose of this Orange evaluation, control was determined by the Beard's responsibility for: (1) adoption of the budget and user Placentia sien charges, (2) taxing authority, and (3) establishment of policies. The reporting entity and Its services are nce,a A Ana seal Beach described in further detail in Note 1 of the financial statements. Stanton Tinian of/.Pork GOVERNMENTAL STRUCTURE Verde Linda into or Grief. The Orange County Sanitation District encompasses the Northern section of Orange County. The Sanitation District provides wastewater treatment for an area of the County covering 471 square miles and seeks" District, serving a population of approximately 2.5 million, or 81 percent of the County's population. The Sanitation District was originally Incorporated in 1954 as nine separate public corporations, or districts. In April of coats Made 1998, at the Sanitation District's request, the Board of Supervisors of the County of Orange passed Mawey city Resolution No. 98-140 ordering the consolidation of these nine County Sanitation Districts into a new, -later Districts single sanitation district,to be known as the Orange County Sanitation District,effective July 1, 1998. This action was recommended to the Board by the Local Agency Formation Commission in order to simplify Irvine Ranch governance structures, reduce the size of the Board, ease administrative processes, streamline decision- making and consolidate accounting and auditing processes. The boundaries of the nine previous districts had remained intact for the purpose of collecting sewer user fees at the previously established rate schedules, and were referred to as nine individual revenue areas through June 30, 2000. Effective July 1, 2003, all Revenue Areas, except Revenue Area 14, consolidated user fee rates and all enterprise fund accounting and budgeting activities and are now known as the Consolidated Revenue Area. i To ma,ntain worltl-cla.a leada ohm in wastewater and water resource management. u u The Sanitation District is managed by an administrative organization composed of directors appointed by the agencies or cities which are serviced by the Sanitation District. Each of the two remaining Revenue Areas, the Consolidated Revenue Area and Revenue Area 14, has its own budget and is responsible for the construction and maintenance of its own collection system. All Revenue Areas, except Revenue Area 14 and the portion of the Consolidated Revenue Area previously known as Revenue Area 13,receive their own share of the ona-percent ad valorem property tax levy. In addition, all Revenue Areas except j Revenue Area 14, collect user fees from property owners. Revenue Area 14 receives all of its revenues �J from service charges to the Irvine Ranch Water District. The purpose of the Sanitation District's wastewater management program is to protect the public's health, preserve the beneficial uses of the coastal waters, and maintain air quality. The objectives of operating u the treatment plants are to process and dispose of the treated wastewater and the separated solids in accordance with Federal, state, and local laws including the Environmental Protection Agency. L The Sanitation District sewerage system includes approximately 620 miles of sewers that convey wastewater generated within the Sanitation District's boundaries to the Sanitation District's two wastewater treatment plants, Reclamation Plant No. 1 located in the City of Fountain Valley, and Treatment Plant No. 2 located in the City of Huntington Beach. Plants No. 1 and No. 2 have primary treatment capacities, including standby, of 138 million gallons per day (mgd) and 168 mgd, respectively. Approximately 60 percent of the advanced primary effluent also u receives secondary treatment. Both plants are master-planned for a future primary and secondary treatment capacity of 240 mgd for a combined total of 480 mgd. Outflows of treated wastewater from the two plants are combined and discharged to the ocean off the Huntington Beach coast through an outall pipe that is 120 inches in diameter and approximately five miles long. The last mile of the ouffall pipe is a diffuser that dilutes the wastewater with seawater in a ratio of 148 parts seawater to one part treated wastewater at an average depth of 185 feet. ECONOMIC CONDITIONS AND OUTLOOK In June 2006, the Anderson Center for Economic Research at Chapman University forecasted payroll job growth in Orange County of 1.7 percent in 2006, or the creation of 25,700 jobs, and 1.4 percent growth in 2007, or the creation of 21,100 new jobs. This projection is a decline from the actual job growth of 2.3 J percent in 2005. Most of this decline is being attributed to the job weakness within the construction sector due to the projected decline in the building permit valuation levels and a corresponding drop in construction spending. The unemployment rate for Orange County decreased to 3.7 percent in FY 2005- I 1 06 from the 3.9 percent in FY 2004-05. u Total taxable sales is forecasted to increase 5.5 percent in 2006 and 4.9 percent in 2007 while personal I'7 income is forecasted to increase over the same time period 6.5 percent and 5.0 percent, respectively. J Reflective of the national slowdown in housing starts, building permits are forecasted to decrease 1.9 percent, or $67.4 million in 2006, and an additional 7.9 percent, or $279.0 million in 2007. According to Chapman University, the drop in permit valuation will place downward pressure on the formation of construction jobs in late 2007, and placing jeopardy on one of the high-flying sectors of the County's current expansionary period. Chapman University is forecasting a continuing decline In housing price,from a 27.4 percent appreciation in 2004, to 10.8 percent increase in 2005, to a forecasted increase of 0.3 percent in 2006, to a 5.9 percent decline in 2007. One major impact on housing is mortgage interest rates. From the cyclical low of 5.6 percent in 2D03, mortgage rates have climbed steadily to 6.2 percent in the first quarter of 2006. This l increase of 60 basis points coupled with the increase in a median-priced home from $566,000 to 2004 to u $713,000 in 2006 has pushed the annual principal and interest payments from $31,000 to $43,000, an increase of$6,000 per year. As a result, the housing affordability gap between the U.S. and the County is I, ii U now the highest it has ever been. While this trend explains the drop in the appreciation rate, Chapman University believes that the future outlook will depend, to a large extent, on the future course of mortgage rates as well as the psychology of homebuyers. As housing appreciation has declined considerably from the highs reached a few years ago, homebuyers are now expecting a cooling market, an attitude that is becoming a self-fulfilling prophecy. MAJOR INITIATIVES A New Ocean Discharge Permit The Sanitation District's Board of Directors decided in July 2002 to voluntarily give up its modified ocean discharge permit, issued under section 301(h) of the Federal Clean Water Act, which allowed the Sanitation District to discharge a higher level of Suspended Solids and Biochemical Oxygen Demand than other vise required by the Act if adequate environmental and public health protection was demonstrated. To obtain a renewal of its ocean discharge permit without the modification(often referred to as a'Waiver"), the Sanitation District is undertaking a massive capital improvement program ("CIP")of building new, and rehabilitating existing, facilities in order for the Sanitation District to operate its facilities in a manner that will allow it to achieve secondary treatment standards as defined by the Act. Construction of the capital improvements necessary to achieving secondary treatment standards will take until December 31, 2012. Permits are issued for five (5) years duration, and the U.S. Environmental Protection Agency (EPA) has no authority to waive the discharge limits requirements or grant a longer permit (except per Sec. 301(h)). In November 2004, a consent decree was signed by EPA and filed with the U.S. District Court that approved the construction schedule and decrees that no penalties will be imposed for discharges that exceed the secondary treatment limits during the period of construction. On March 15, 2006, OCSD successfully completed the first of seven milestones, the new $44.4 million Trickling Filter Facility at Plant No. 1. Groundwater Replenishment System The Sanitation District and the Orange County Water District (OCWD) are currently developing the Groundwater Replenishment (GWR) System project that will be the largest water reclamation project in the nation. GWR System is a joint effort by the two agencies to initially provide 72,000 acre-feet per year of reclaimed water for replenishment of the Orange County Groundwater Basin and to augment the seawater intrusion barrier. The GWR System will have the capacity to divert up to 100 million gallons of water a day from the Sanitation District's ocean discharge during peak winter storms, which will allow the Sanitation District to defer construction of an additional ocean oulfall at an estimated cost of$170 million. r The Sanitation District and OCWD have agreed to match the funding for this project. The Sanitation District alone has budgeted $248.6 million through FY 2007-08. Through FY 2005.06, $150.9 million of this amount has been incurred with an additional $45.2 million included in the cash flow outlay for FY 2005-06. Federal and State Grants of$45 million will offset part of the Sanitation Districts costs. Biosolids Program The Sanitation District produces approximately 240,000 tons of digested and dewatered (Class B) biosolids annually at a current disposal cost of $12.8 million. By 2020. the Sanitation Districts biosolids production is projected to increase by 25 percent, to 300.000 tons annually. The Sanitation District currently relies on land application of chemicetly-stabilized Class A biosolids in Kem County, land application of Class B biosolids in Arizona, composting to Class A biosolids in Riverside County and in La Paz County,Arizona, and Iandfilling Class B biosolids in Yuma County,Arizona. lit I V However, many counties throughout California and Arizona have developed, or are developing, Y1 ordinances that restrict or ban the land application of Class B biosolids and many forms of Class A I blosolids products. The land application of 24 percent of the Sanitation District's biosolids in Kern County u may be banned as early January of 2007 and the land application of 26 percent of the Sanitation Districts biosollds in Arizona has uncertain sustalnability at best. It has become clear that future requirements for managing biosolids will be more restrictive and costly as current options are eliminated. The dynamic regulatory issues, land application ordinances and bans, and public perception challenges prompted the Sanitation District to develop a Long-Range Blosolids Management Plan (Plan). This Plan was approved by the Board in December 2003. The goal of the Plan is to implement a sustainable, 6+ reliable, and economical program for long-range biosolids management providing environmentally sound practices that meet the stringent federal, state, and local regulatory requirements. 6d In April 2005, the Board approved a contract with EnerTech Environmental, Inc. to convert the Sanitation District's biosolids to a renewable fuel at their Regional Biosolids Processing Facility in Rialto, California.The EnerTech solution is a relatively new, patented heat treatment process. The patented process Increases the ability to dewater biosolids in order to maximize the efficiency of the production of fuel. The fuel product will be totally recycled and reused, under agreements with area cement kilns and other fuel users. Residual ash from the fuel combustion becomes part of the cement product, resulting in no residual waste product liability. EnerTech proposes to finance, design, construct, and operate this 675 ton W per day facility. Several other governmental agencies have committed approximately 450 tons per day of blosolids to this project and this project has now become economically viable with the commitment of 225 tons of biosolids per day from the Sanitation District. EnerTech's facility should be on-line by July 2008. j For the past three years, South Orange County Wastewater Authority(SOCWA)and the Sanitation District Ir have been working with the Orange County Integrated Waste Management Department's Biosolids Committee to determine the feasibility of an enclosed biosolids and greenwaste composting facility at the V Prima Deshecha Landfill in South Orange County. The proposed "South Orange County Composting Facility"would have the potential to take in 100 to 110 tons of Class B biosolids daily from the Sanitation District and SOCWA, and combined with like amounts of wood chips and yard trimmings, would produce approximately 65 to 75 tons of compost per day. To date,the proposed sites have been determined to be 6a Infeasible due to geotechnical difficulties. The Sanitation District currently has only 475 tons of biosolids committed via guaranteed contracts to management options that are considered"sustainable"(Synagro's South Kern Industrial Center composting facility and EnerTech). In order to obtain additional sustainable biosolids management capacity,staff intends to reissue the request for proposals for biosolids energy management. L Asset Management A Strategic Plan for Asset Management was completed in December 2002 and was unanimously adopted by the Board of Directors. This Strategic Plan defined Asset Management for the Sanitation District as: "to create and acquire, maintain, rehabilitate, replace and augment these valuable wastewater assets in the most cost effective (lowest life cycle cost) sustainable manner at the level of service required by present and future generations of regulators and customers at an acceptable level of risk." The strategic plan included: an analysis of the current state of asset management at the Sanitation" - District, the development of a basic and advanced asset management program tailored to the Sanitation District, and a gap analysis showing the needed changes for each level of asset management. It also presented a business case for the Sanitation District's implementation of advanced asset management practices. The business case projected that at least$350 million in life cycle asset cost savings could be obtained over a 25 year period, that an additional $50 million could be saved in reduced capital V expenditures, and that the implementation of advanced asset management practices would put the Sanitation District on track to developing a platform for sustainable Infrastructure. V IV r r In June 2005, a staff driven Asset Management Implementation Plan was developed that estimated the implementation cost effort would be $7.5 million in order to achieve the $350 million in life cycle asset costs savings. r In FY 2005-06, Sanitation District staff has further developed the Asset Management Plan document to better understand its short-term and long-temt business obligations related to the assets that it currently owns and will own. It also reveals how the business decisions related to these assets will affect the ability to sustain the asset performance and consequently sustain the conditions of cost effective services to the customers. The Sanitation District has traditionally performed many of these tasks across the organization: however, the results of this work have never been compiled into a single document to allow r the organization to dearly understand the overall business ramifications. Full implementation of the asset management program is projected to take up to six years. Using life- cycle asset costs and applying advanced maintenance practices, the Sanitation District projects considerable long term cost-savings while increasing reliability. As Asset Management is a process of continuous improvement,the future state of asset management will continually be reviewed. r SERVICE EFFORTS AND ACCOMPLISHMENTS r The Groundwater Replenishment (GWR) System, the largest water purification project of its kind, received a 2006 Silver Anvil Award at the Public Relations Society of America's(PRSA) Silver Anvil awards ceremony on June 8, 2006 in New York City. The Silver Anvil, the nation's highest PR award, recognizes organizations that have shown public relations excellence. Award recipients must show evidence to a �+ panel of judges that they have successfully incorporated research, planning,execution and evaluation of a challenging public relations campaign. The Silver Anvil is equivalent to the Oscar in the entertainment industry. r The GWR System also received a 2006 Protos award, the highest honor possible,from the Orange County Chapter of the Public Relations Society of America (PRSA). Those recognized with a Protos award must have proven that they successfully Incorporated research, planning, execution and evaluation into a challenging public relations campaign. The GWR System was selected to receive an award for its proactive speakers bureau program that has helped the project gain support within Orange County's local community. The speakers bureau program has proven to be an effective tool in helping the GWR System r gamer the community support necessary to make this water purification project a reality. The GWR System is a joint project of the Orange County Water District and Orange County Sanitation District that takes highly treated sewer water currently released into the ocean and purifies it using the same technologies that purify baby food, fruit juices, medicines and bottled water. The GWR System will create a new supply of near-distilled quality water, totaling 70 million gallons per day. The new water will be used to expand the already existing seawater intrusion barrier along the coast and to augment 'r groundwater supplies for 2.3 million north and central Orange County residents. In January 2006, the Sanitation District was the recipient of the Spotlight Volunteer Award for its continued support and dedication to Santa Ana River Basin Section, the local section of the California Water Environment Association. r ACCOUNTING AND BUDGETARY CONTROLS The Sanitation District's accounting records are maintained on the accrual basis. In developing and evaluating the Sanitation District's accounting system, consideration is given to the adequacy of internal r accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability v r L L for assets. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the evaluation of costs and benefits requires estimates and judgments by management. We believe that the Sanitation District's internal accounting controls L adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. Each year the Sanitation Districts Board of Directors adopts an annual operating plan. A joint works budget is first prepared that identifies the specific capital projects and operating activities to be undertaken by the Sanitation District during the year. The budgetary level of control, the level at which expenses cannot exceed budget, is exercised at the individual district, or fund level. The Sanitation District has adopted a Uniform Purchasing Policy that identifies the agreed upon purchasing standards. V CASH MANAGEMENT The Sanitation Districts investment portfolio, except for the Sanitation District's debt service reserves, V investments with the State Local Agency Investment Fund, and overnight repurchase agreements of idle cash within the Sanitation District's general bank account, are managed by an outside money manager, Pacific Investment Management Company(PIMCO), who performs the daily investment activities, and by �+ Mellon Trust, who serves as the Sanitation Districts independent custodian bank. This externally managed portfolio consists of a short term investment pool of $72,171,000 at June 30, 2006 that has -- maturities out to 120 days, and a long-term investment pool of$295,291,000 that has average maturities out to 3.2 years. Investments of this externally managed investment portfolio consist of U.S. Government securities, corporate bonds, commercial paper, and money market mutual funds. Investments of the _ Sanitation District's debt service reserves totaling $105.4 million consist of bank investment contracts of $51.7 million and $53.7 million in U.S. Government securities and open-ended mutual funds. The Bank it Investment Contracts are with AIG ($16.1 million, of which $12.4 million is maturing in 2013 and the remaining $3.7 million maturing in 2016), Bayerische Landesbank Girozentrale ($17.3 million maturing in 2016), and MBIA Inc. ($18.3 million maturing in 2036). V Investment income includes changes in the fair value of investments. Increases or decreases in fair value _ during the current year do not necessarily represent trends that will continue; nor is it always expected that i such amounts will be realized, especially in the instance of temporary changes in the fair value of investments. Investment earnings for the year were $10,426,000. a decrease of $4,692,000 from the prior fiscal year V total of $15,118,000. The decrease in investment and interest income is attributable to lower yields earned on investments, as investments earnings yielded 2.4 percent, a decrease from the prior year earnings rate of 2.8 percent. The decrease in the yields earned on investments can also be partially attributed to the change in unrealized gains and losses from year-to-year. As of June 30, 2006, the ,r Sanitation District went from an unrealized gain on investments of $562.000 at June 30, 2005 to an unrealized loss of$870,000, or a total reduction in market value on investments of$1,432,000. However, the Sanitation Districts investment policy is structured conservatively towards liquidity to avoid having to sell Investments at a loss and having unrealized losses actually becoming realized losses. In 1998, the Sanitation District conducted an in-depth review of its reserve policy. This review included a survey of the reserve policies of 23 other public agencies as a tool to assist in the evaluation of the y underlying economic assumptions supporting the Sanitation District's reserve policy. As of June 30,2006, the Sanitation Districts designated net assets totaled $490 million, and have been earmarked for the following specific purposes in accordance with the Sanitation Districts reserve policy: L Designated For Cash Flow Contingency $132 million Designated For Self-Insurance 57 million - - Designated For Capital Improvements 196 million Designated For Debt Service Requirements 105 million Total Designated Net Assets $ 911 million L vi 64 r RISK MANAGEMENT For the year ended June 30, 2006, the Sanitation District was self-insured for a portion of workers' �+ compensation and property damage. The self-insured portion for workers' compensation was $500.000 per person per occurrence with outside excess insurance coverage to $50 million. The self-insured portion for property damage covering fire, and other perils other than Flood and earthquake was 525,000 r per occurrence with outside excess insurance coverage to $1.0 billion. The self-insured portion for property damage covering flood was $100,000 per occurrence with outside excess insurance coverage to $300 million. The Sanitation District was self-Insured for all property damage from the perils of earthquakes. The Sanitation District also maintained outside comprehensive boiler and machinery r insurance with a $100 million per occurrence combined limit with deductibles ranging from $25,000 to $350,000. The Sanitation District was Insured for general liability up to $25 million per occurrence with a self-insured portion of$250,000. r Sanitation District management believes that there are no outstanding claims as of June 30, 2006 that would materially affect the financial position of the Sanitation District. r INDEPENDENT AUDIT An audit of the books,financial records and transactions of the Sanitation District is conducted annually by independent certified public accountants. The Sanitation District selected the accounting firm of Mayer Hoffman McCann P.C. to perform the audit for the year ended June 30, 2006. The auditors' report on the Sanitation District's basic financial statements and supplementary information is included in the financial section of this report. This report renders an unqualified opinion on the Sanitation District's basic financial r statements for the year ended June 30, 2006. For additional information and analysis on the financial condition of the Sanitation District and the results of operations for the year ended June 30, 2006, please see the Management's Discussion and Analysis within the financial statements beginning on page 3. - CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING The Government Finance Officers' Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Orange County Sanitation District for the Sanitation District's comprehensive annual financial report for the year ended June 30, 2005. This was the twelve consecutive year that the Sanitation District has received this award. In order to be r awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. r A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program requirements and we are submitting It to GFOA to determine its eligibilityfor another certificate. r ACKNOWLEDGMENTS This report could not have been accomplished without the dedicated services of the Accounting Division - staff, and I would like to especially express my appreciation to those who assisted in its preparation. I would also like to thank the Sanitation District's Board of Directors, the General Manager,and the Director of Finance for their interest and support in conducting the financial operations of the Sanitation District in a r responsible and progressive manner. Respectfully submitted, Michael D. White, CPA Controller ,At r y Lr iu Certificate of r Achievement for Excellence in Financial Reporting y Presented to r Orange County Sanitation District, `' California L For its comprehensive Annual Financial Report for the Fiscal Year Ended v June 30,2005 A Cenifrcan ofAddevement for Excellenm in FLmacial r Reposing is preuated by the Govemmeot Finance t)ffcus Association of the United States and Cw ds to - govetnnreM units and public employee nxinmuat syseemcv wft compre6eosive Ammar fiaaocial reports(CAFRs)achieve the highest ,ums uds in govemnmt aoe hag and fmaocial reporting. r president ,.'4p Executive Director W r V vltt r i t t i t t t t t t i t t t i t t t t California Society of 3/unicipal `finance O f f icers Certificate of Award Outstanding Financial Reporting 2004-05 Presented to the x Orange County Sanitation District Ihi.,«rtiprore is ix ned in rrro}nhion afmrning profnrsional.nandards and aired.in rrryminr .•hieh«/Ira a hiXh Inrl of,a Iip,in the annual financial smtemnrt. and in he undedlinq Itaccoanring Vvrem from%hick the rrpam were prepared. Febritaryy 24, 2006 imi,na�o'erk.ir r..min.e Dedicaed Ia Excellence in Municipal Financial Management L ORANGE COUNTY SANITATION DISTRICT L Board of Directors As of June 30, 2006 u AGENCY ACTIVE DIRECTOR ALTERNATE DIRECTOR it Cities: Anaheim Harry Sidhu Bob Hernandez y Brea Roy Moore John Beauman _ Buena Park Patsy Marshall Jim Dow Cypress Phil Luebben Lydia Sondhi V Fountain Valley Larry Crandall John Collins Fullerton Don Bankhead Leland Wilson i Garden Grove Bill Dalton Mark Rosen Huntington Beach Dave Sullivan Debbie Cook - Irvine Sukhee Kang Steven Choi 1.1 La Habra Steve Anderson Steve Simonian _ La Palma Mark Waldman Ralph Rodriguez I Los Alamitos Ken Parker Catherine Driscoll t"'r Newport Beach Tod Ridgeway Don Webb - Orange Carolyn Cavecche Vacant v Placentia Norman Z. Eckenrode Constance Underhill Santa Ana Alberta Christy Mike Garcia Seal Beach Charles Antos Gordon Shanks r Stanton David Shawver Brian Donahue Tuslin Doug Davert Tony Kawashima Villa Park Richard A. Freschi Bob Fauteux I.W Yorba Linda Michael Duvall Jim Winder SanitarylWater Districts: Y� Costa Mesa Sanitary District James M. Ferryman Arlene Schafer Midway City Sanitary District Joy L. Neugebauer Vivian Kirkpatrick-Pilger Irvine Ranch Water District Darryl Miller Douglas Reinhart �r County Areas: Member of the Board of Supervisors Jim Silva Lou Correa u V YV V x v r ORANGE COUNTY SANITATION DISTRICT Organizational Chart As of June 30, 2006 r r TM DOD NEUMS r MUM MUM YHMG R �OfMfYI r REGUl61 IIxWI IFOYB'Y SIPF Mml HPoPo{R r FYIINCE �� RFSOxRCH4 9HIVLES �' YRXITETWIL4 TFMLM r BNNa xw NbRmF xwwxxcx mawXnxX Mel<61M1O ®YIIS pip SfxYR �� 4WHx1Yf£ 1[n¢6LO61 �6MTxx 40 ILHIx10.11M MWHIMItlX r 6u1em TxnxnF TM]OFS � HM14exk rRx6as asmaa OHMfi4l l�T �� fN.MHI1Nf. 9JWWT W WF r NxflT{xiFNl TElif1Y6 9Wv(IfN ROFR R.WTM.I EIMAI W V LW T NRIR HFROOYf EUWMf {fYl'4S.9f YYQfUKF r Tx6Rmr rexTs TRaaxrx6e 901HR FY6xflAIIB6 xAISY0.1 MiIbSF fYL00E6 SHx1A (dX61RI1610X 6ffRVOq r LYOR RELH016 1F0%1Ri1 H1f0118R RHrWlf,l �. IMINR {WIIEVIIS r RlIVO 4MkE W°°^RS 6TIR S<FY� H[CIR(N{ NSIAWExfxNtl r xRVx9AH WNIH{V14 r r XI ORANGE COUNTY SANITATION DISTRICT Map of Service Area As of June 30, 2006 LOS ANGELES COUNTY S9ti � B W O ?tl H0F0 ry000 E PIACENfIII p OF W TIKN 00 IMfl� CYPRES WS ;.•- .9TAt fOM r ALAMROS I SEAL SUCH ' MI Y SUfAANA f OONT V Y ' r a • r Reclamation Plant No. t r Treatment Plant No.2 r ., Craoge Comity Sannairon DuVre IOCSOI ❑ _ _ Orange County.CA flY,20ai r r X11 r r r r OCSD Financial Section r r r r r r r r r r r U U U U U U r U U u N U m n u u U U U U U Mayer Hoffman McCann P.C. An Independent CPA Rnn Conrad Government Services Division 2301 Dupont Drive.Suite 200 Irvine, California 92612 _ 949474 2020 ph 949-263-5520 fx Board of Directors w .mhm-pc.com Orange County Sanitation District Fountain Valley, California Independent Auditors'Report We have audited the accompanying basic financial statements of the Orange County Sanitation District ("District"), as of and for the year ended June 30. 2006, as listed in the table of contents. These financial statements are the responsibility of the management of the District. Our responsibility is to express an opinion on these financial statements based on our audit. The prior year summarized comparative financial information has been derived from the District's 2005 financial statements which were audited by Conrad and Associates, LLP, who merged with Mayer Hoffman McCann P.C. as of January 1, 2006, and whose report dated September 9, 2005 expressed an unqualified opinion on the basic financial statements. We Conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion,the financial statements referred to above present fairly, in all material respects, the financial position of the District, as of June 30, 2006, and the changes in financial position and Cash flows of the District for the year then ended in Conformity with accounting principles generally accepted in the United States of America. The information identified in the accompanying table of contents as management's discussion and analysis is not a required part of the basic financial statements, but is supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was Conducted for the purpose of forming an opinion on the financial statements that collectively comprise — the District's basic financial statements. The introductory section, supplementary information and statistical tables are presented for purposes of additional analysis and are not a required part of the basic financial statements. The supplementary information has been subjected to the auditing procedures applied in the audit of the basic financial statements, and in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory section and statistical tables have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly,we express no opinion on them. In accordance with Government Auditing Standards, we have also issued a report dated August 31, 2006 on our Consideration of the Orange County Sanitation District's internal Control over financial reporting and our tests of its Compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The _ purpose of that report is to describe the scope of our testing of internal Control over financial reporting and Compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on Compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Irvine, California August 31, 2006 1 u u u u u Ll u (THIS PAGE INTENTIONALLY LEFT BLANK) u u u u u u 2 u r •+ Management Discussion and Analysis June 30,2006 r This section of the financial statements of the Orange County Sanitation District (Sanitation District) is management's narrative overview and analysis of the financial activities of the Sanitation District for the fiscal year ended June 30, 2006. The information presented here is to be considered in conjunction with •+ additional Information provided within the letter of transmittal located in the Introductory Section of this report. Financial Highlights • As of June 30, 2006, the assets of the Sanitation District exceeded its liabilities by $1,089.1 million r (net assets). Of this amount, $319.0 million (unrestricted net assets) may be used to meet the Sanitation District's ongoing obligations to citizens and creditors. • The Sanitation District's total net assets increased $47.9 million, or 4.6 percent over the prior year. r • Net Capital Assets, consisting of non-depreciable capital assets and depreciable capital assets net of accumulated depreciation, increased$189.5 million,or 16.1 percent over the prior year. • Net Assets invested in capital assets, net of related debt Increased$105.7 million, or 18.9 percent. • Unrestricted Net Assets decreased$99.4 million, or 23.8 percent from the prior year. r Overview of the Basic Financial Statements r The Sanitation District operates as a utility enterprise and presents its financial statements using the economic resources measurement focus and the full accrual basis of accounting. As an enterprise fund, the Sanitation District's basic financial statements comprise two components: financial statements and r notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. In accordance with Governmental Accounting Standards Board (GASB)Statement No. 34, the Sanitation •' District's financial statements include a statement of net assets, statement of revenues, expenses and changes in net assets, and a statement of cash flows. The statement of net assets includes all of the Sanitation District's assets and liabilities and provides information about the nature and amounts of r investments in resources (assets) and the obligations to Sanitation District creditors (liabilities). It also provides the basis for computing the rate of return, evaluating the capital structure of the Sanitation District, and assessing the liquidity and financial flexibility of the Sanitation District. The statement of revenues, expenses, and changes in net assets accounts for the current years revenues and expenses. This statement measures the success of the Sanitation District's operations over the past year and can be used to determine the Sanitation District's creditworthiness. It also r highlights the Sanitation District's dependency on property tax revenues in supplementing user fees and other charges for recovering total costs. The final required financial statement is the statement of cash Flows. The statement reports cash r receipts, cash payments, and net changes in cash resulting from operations and investments during the reporting period. s, Net Assets As previously stated, net assets increased $47.9 million, or 4.6 percent to$1.089.1 million in FY 2005.06 over the prior year. In comparison, net assets increased $17.1 million, or 1.7 percent, to $1,041.2 million in FY 2003-04 over FY 2002-03. r 3 r L (Dollars in thousands) Percentage June 30, June 30, Increase Increase 2006 2005 (Decrease) (Decrease) Assets Current and other assets $ 688,834 $ 530,910 $ 57,924 10.9% 1 Capital assets, net 1,363,462 1,173,932 189,530 16.1% W Total assets 1,952,296 1,704,842 247,454 14.5% Liabilities r Long-term debt outstanding 795.717 609,292 186,425 30.6% Other liabilities 67,479 54,303 13,176 24.3% Total liabilities 663,196 663,595 199,601 30.1% u Net assets: Investment in capital assets, L net of related debt 560,977 558,391 2,586 0.50/6 Restricted 106,086 64,514 41,572 64.4% Unrestricted 422,036 418,342 3,694 0.9°/n I Total net assets 1,089,099 1,041,247 47,852 4.6 o L+ Current and other assets Increased$57.9 million,or 10.9 percent, due primarily to the issuance of$200.0 million in certificates of participation (COP) debt financing issued in March 2006, net cash provided by L operations of$47.4 million primarily as a result of the Increase in service charges of$33.4 generated from a sewer service rate increase of 31.3 percent, and net non-operating revenues of$41.7 million. These increases where partially offset by the funding of$269.1 million in capital improvements for FY 2005-06. W Capital assets, net increased $189.5 million, or 16.1 percent, due primarily to the continuing capital improvement program that includes construction of the Groundwater Replenishment System (GWRS), a 50/50 joint cost sharing effort of the Orange County Sanitation District and the Orange County Water `+ District that will initially provide 72,000 acre-feet per year of reclaimed water for replenishment of the Orange County Groundwater Basin and to augment the seawater intrusion barrier at a cost of $497.1 million. The Sanitation District incurred $83.7 million in construction during FY 2005-06 for this project bringing the total project cost-to-date to$150.9 million with a projected completion date in FY 2007-08. Another major project underway is the Headworks Improvements at Plant No. 2. This project is the replacement of the existing headworks due to failing gates and the ineffectiveness of the bar screens and grit chambers that are allowing grit screenings to pass through into the downstream processes causing increased operating costs. This project is to include an Influent diversion and metering structure, bar screens influent pump station, vortex grit chambers primary influent splitter and metering structure, ferric r, chloride feed facilities, headworks and trunk line odor control facilities, screenings handling building including Huycor washer/compactors, grit handling building, an electrical building that includes standby power. In FY 2005-06, $43.3 million of the estimated $257.8 million was incurred bringing the total cost- to-date to$62.0 million with completion expected in FY 2010.11. W The Activated Sludge Plant Rehabilitation at Plant No. 1 is another ongoing construction project. This project will ensure that the existing activated sludge plant can operate at its design capacity. By replacing equipment that has reached the end of its useful fife, the Sanitation District will be able to meet its increased secondary wastewater treatment standards. The Sanitation District incurred $16.7 million in construction costs on this project during FY 2005-06 for total project outlay to date of$21.1 million. The total projected cost Is$47.0 million with completion expected in FY 2007-08. L See page 7 for the Schedule of Capital Assets and a listing of the other major capital additions for FY 2005-06. V 4 V r s' Long-term debt outstanding increased $189.5 million, or 16.5 percent, primarily due to the issuance of $200.0 million in COP debt that was slightly offset by the$12.8 million in debt service principal payments. r Net assets invested in capital assets, net of related debt increased $2.6 million, or 0.5 percent over the prior year, as a result of the$189.5 million increase in the net capital assets and by the$12.8 million in debt service principal payments that was mostly offset by the$200.0 million COP debt issuance. Restricted net assets increased $41.6 million, a 64.4 percent over the prior year, primarily due to the $19.0 million increase in debt service reserves and $22.5 million increase in debt proceeds restricted for future capital improvements as a result of the$200 m8lion COP debt issue. r Changes in Net Assets r Net assets increased$17.1 million in FY 2004-05.a 1.7 percent increase over the prior year. (Dollars in thousands) Percentage r June 30, June 30, Increase Increase 2006 2005 (Decrease) (Decrease) Revenues: Operating revenues Service Charges $ 154,291 $ 120,917 $ 33,374 27.6% r Permit and inspection fees 874 498 376 75.5% Total operating revenues 155,165 121,415 33,750 27.8% Non-operating revenues r Property taxes 39,958 35,764 4,194 11.7% Investment and Interest income 10,426 15,118 (4,692) -31.0% Capital facilities capacity charges 15,632 9,814 5,818 59.3% Other 3,477 1,051 2,426 230.8% r Total non-operating revenues 69,493 61,747 7,746 12.5% Total revenues 224,658 183,162 41,496 22.7% Expenses: Operating expense other than depreciation and amortization 105,632 101,846 3,786 3.7% r Depreciation and amortization 60,733 53,211 7,522 14.1% Non-operating expense 27,799 20,526 7,273 35.4% Total expenses 194,164 175,583 18,581 10.6% r Income before capital contributions 30,494 7,579 22,915 302.3% r Capital contributions (distributions), net 17,358 9,536 7,822 82.0% r Increase in net assets 47,852 17,115 30,737 179.6% Beginning net assets 1,041,247 1,024,132 17,115 1.7% Ending net assets $ 1,089,099 $ 1,041,247 $ 47,852 4.6% 5 Sources of Revenue Functional Expenses w June 30,2006 June 30,2006 5% 10% 12% ❑Collections ❑User Fees ■Treatment& ■Taxes Levied Disposal ❑Interest gi% ❑Depreciation& Amortization ❑Other Olnterest 47% Expense 68% As previously stated, an enterprise fund is used to account for the operations of the Sanitation District, which is financed and operated in a manner similar to private business enterprises. This allows the ee Sanitation District to determine that the costs (expenses, including depreciation and amortization) of providing wastewater management services on a continuing basis are financed or recovered primarily through user charges. Sewer service user fees are evaluated annually based primarily on budget requirements for total operation, maintenance and capital expenditures for providing wastewater management services. Property tax revenues are dedicated for the payment of debt service. In FY 2005-06, operating revenues increased $33.8 million, or 27.8 percent over the prior year, reflective of the $33.4 million, or 27.6 percent increase in service charges. The increase in service charges is primarily due to the 31.3 percent increase in the average sewer user fee rate over the prior year. The $7.7 million, or 12.8 percent, increase in non-operating revenues consists of a $5.8 million, or 59.3 percent increase in capital facilities capacity charges, a $4.2 million, or 11.7 percent increase in property tax revenues, and a $2A million, or 230.8 percent increase In other non-operating revenues. These increases are partially offset by a $4.7 million, or 31.0 percent decrease in investment and interest income. The increase in capital facilities capacity charges is reflective of the increase in nonresidential permit valuations in calendar year 2005 of 31.9 percent over the prior year. Property tax revenue increases are reflective of the continuing upturn in the real estate market as total assessed valuations have increased over the prior year by 11.2 percent. However, the Sanitation District just completed the w second year of a two-year 40 percent secured property tax take-away imposed by the State of California as a solution for dealing with their own fiscal crisis, and property tax revenues are still $7.0 million below the level set two years ago. The increase in other non-operating revenues is reflective of the$2.4 million received grant reimbursements from the Federal Emergency Management Agency of the U.S. .. Department of Homeland Security and the Natural Resources Conservation Services of the U.S. Department of Agricultural. The decrease in investment and interest income is attributable to the lower yields earned on Investments and the lower average rash and investment balances aver the prior year. Yields earned on investments decreased from 2.8 percent in FY 2004-05 to 2.4 percent in FY 2005-06. Cash balances declined from $472 million as of June 30, 2005 to $347 million as of February 28, 2006 prior to the receipt of$200 million of COP debt proceeds received in March 2006, Of the 3.7 percent increase in operating expense before depreciation and amortization, utility costs increased $1.1 million, or 16.8 percent, over the prior year due to a change in the operation of the Central Generation facilities. In order for the Sanitation District to meet air emission requirements, electricity is now purchased to supplement digester gas for power production as opposed to less costly natural gas. Supplies, repairs and maintenance cost increased $2.9 million, or 15.8 percent due primarily to the anticipated unit price increases in odor control and disinfection chemicals. These increases were somewhat soften by the low increase in operating salaries and benefits of only $200,000, or 0.4 percent. This increase in salary and benefits is part of the overall increase of $3.9 million when including the salaries and benefits capitalized within capital improvement program. Overall, total Sanitation District 6 'tl salaries and wages were $67.0 million, a 6.2 percent increase over the prior year total of$63.1 million. This increase is attributable to increased salary and employee benefit costs, including a $1.3 million increase in the employer's share of retirement contributions as imposed by the Orange County .r Employee's Retirement System, as staffing levels have remained relatively constant over the prior two years. The 14.1 percent,or$7.5 million Increase in depreciation and amortization expense is due to the recent .. completion of$141.9 million in construction project assets now being depreciated. Included in the list of construction projects placed into service in FY 2005-06 are the$28.7 million Area Classification Implementation Plan Study, the$18.7 million Standby Power and Reliability Modifications, the$44.4 million Triclding Filter Rehabilitation and New Clarifiers at Plant No. 1,the$10.5 million Secondary Treatment Monitoring and Control System Upgrade at Plant No.2,and the$20.5 million in the Gisler- Redhill Trunk Une Improvements. Capital Assets At June 30, 2006, the Sanitation District had a net investment of $1.363 billion in capital assets. This amount represents a net increase (including additions and deletions) of $189.5 million, or 16.1 percent over the prior year. Schedule of Capital Assets '• (Net of Depreciation and Amortization) (Dollars in thousands) r Percentage June 30, June 30, Increase Increase 2006 2005 (Decrease) (Decrease) r Land $ 13.021 $ 13,021 $ - 0.0% Construction in Progress 586,713 487,885 98,828 20.3% .. Sewage collection facilities 276,194 259,534 16,660 6.4% Sewage treatment facilities 348,171 305,641 42,530 13.9% Effluent disposal facilities 54,725 57,004 (2,279) -4.0% Solids disposal facilities - 1 (1) -100.0% General and administrative facilities 84,638 50,845 33,793 66.5% Capital assets, net 1,363,462 1,173,931 $ 189,531 16.1% Major capital asset additions for the current fiscal year included the following: . $83.7 million-Ground Water Replenishment System .�, . $43.3 million-Headworks Replacement at Plant No. 2 . $16.7 million-Activated Sludge Rehabilitation at Plant No. 1 $ 9.8 million-Bushard Trunk Sewer Rehabilitation $ 9.1 million-Effluent Pumping Station Annex .. . $ 7.9 million- 16 Additional Primary Clarifiers at Plant No. 1 $ 7.4 million- New Secondary Treatment System at Plant No. 1 - r More detailed information about the Sanitation District's capital assets is provided in Notes 1 and 3 of Notes to the Financial Statements. r Debt Administration At June 30, 2006, the Sanitation District had $808.6 million outstanding in COP debt, a net increase of $187.3 million, or 30.1 percent from the prior year, as $200 million of new COP variable rate debt was 7 L issued in March 2006 to assist in the funding of the $269.1 million in construction capital outlay that had taken place during the fiscal year. This increase is offset slightly by debt service principal payments of $12.8 million. L The Sanitation District maintains an Aa3 from Moody's Investor Services, an AAIA-1 from Standard and Poor s Corporation, and an AA from Fitch. The Sanitation District's long-range financing plan is designed to maintain these high ratings. Over the next ten years, the Sanitation District is projecting an additional $2.2 billion in future treatment plant and collection system capital improvements. In accordance with the Sanitation District's long-lean debt fiscal policy, the Sanitation District will restrict long-term borrowing to capital improvements that cannot be financed from current revenue. v Although no new debt financing is scheduled for FY 2005-06, a total of$1.2 billion in COP debt issuance is being proposed over the next seven years. These financings are needed early in the 20-year capital improvement program because the bulk of the construction is scheduled during the next ten years. u For more detailed information on long-term debt activities, refer to Note 4 of the Notes to Basic Financial Statements. L Economic Factors and Next Year's Budgets and Rates • The unemployment rate within the County of Orange is currently 3.7 percent, which is a decrease from a rate of 3.9 percent a year ago. • Inflation for Orange County in 2005 increased 4.5 percent based on the 2005 actual percentage y change in the consumer price index according to the June 2006 Economic and Business Review report prepared by Chapman University. • The actual rate of return on investments decreased from the 2.8 percent earnings rate in FY 2004-05 Lr to 2.4 percent for FY 2005-06. All of these factors were considered in preparing the Sanitation District's budget for FY 2006.07. The Sanitation District's user fee schedule was increased by 9.8 percent for FY 2005-07 over the prior year. The fee applicable to the Sanitation District's largest customer base, the single-family residential fee, increased annually by $14.80, from $115.00 to $165.80. These rate increases were necessary to finance the Sanitation District's cash flow needs as capital improvement outlays alone are projected to be $266 million in FY 2006-07, approximating the current year's outlay, and are projected to total $2.2 billion over the next 10 years in order to rehabilitate and upgrade existing facilities and provide for full secondary treatment standards. Requests for Information V The financial report is designed to provide a general overview of the Sanitation District's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Finance Department, Orange County Sanitation District, P.O. Box V 8127, Fountain Valley, CA 92728-8127. L W 8 L I � r u J I Ir vI ICI I J ORANGE COUNTY SANITATION DISTRICT BASIC FINANCIAL STATEMENTS J y , I u I v J u J r 9 r ORANGE COUNTY SANITATION DISTRICT Statement of Net Assets June 30, 2006 1 b (With Comparative Data for June 30, 2005) 2006 2005 �l Current assets: Cash and cash equivalents $ 65,989,448 $ 40,667,279 Investments 318,430,977 367,715,247 Accounts receivable,net of allowance for uncollectibles 18,240,805 11,161,337 Accrued Interest receivable 3,850.987 3833,632 Due from other governmental agencies 8,371,250 3:429,419 1 Connection fees receivable 1,336,169 1,507,780 Property tax receivable 1,883,915 1,651,481 Inventories 4,661,139 4,464,047 Prepaid retirement 11,309,975 - u Other current assets 23,961 608,571 Total current assets 433,997,626 435,038,793 L Noncurrent assets: Restricted: Cash and cash equivalents 53,656,177 30.029,371 4 Investments 51,763,180 33,933,427 Accrued interest receivable 666,390 551,060 Unrestricted: L. Non-depreciable capital assets 599,734,815 500,906,057 Depreciable capital assets,net of accumulated depreciation 763,727,093 673,025,746 Deferred charges 4,364,633 3,926,011 Excess purchase price over book value an acquired assets, net 6,824,820 7,482,529 it Other noncurrent assets, net 37,561,1114 19,949,383 Total noncurrent assets 1,51a,298,292 1,269,803,584 Total assets 1,952,295,918 1,704,842,377 Current liabilities: Accounts payable 21,743,791 14,301,005 60 Accrued expenses 8,444,239 6,787,605 Retentions payable 9,245,573 5,783,105 Interest payable 9,566,321 8,889,235 u Current portion of long-term obligations 18,479,060 18.541,952 Total current liabilities 67.478,984 54,302,902 Noncurrent liabilities: Noncurrent portion of long-term obligations 795,717,487 609,292,595 Total liabilities 863,196,471 663,595,497 V Net assets: Invested In capital assets,net of related debt 560,977,424 558,391,221 Restricted for debt service 83,546,535 64,513,658 `+ Restricted for capital acquisition 22,539,212 - Unrestricted 422,036,276 418,341,801 Total net assets $ 1,089,099,447 $ 1.041,246,880 See Accompanying Notes to Basic Financial Statements. 10 64 ORANGE COUNTY SANITATION DISTRICT Statement of Revenues, Expenses, and Changes in Net Assets For the Year Ended June 30, 2006 (With Comparative Data for the Year Ended June 30, 2005) ,r 2006 2005 Operating revenues: Service charges $ 154,291,040 $ 120,916,671 v Permit and inspection fees 874,383 498,391 Total operating revenues 155,165,423 121,415,062 Operating expenses other than depreciation and amortization: Salaries and benefits 53,245,819 53,048,037 Utilities 7,563,227 6,473,251 Supplies, repairs and maintenance 21.173,357 18,289,913 Contractual services 19,073,353 18,573,208 Directors'fees 141,270 131,240 Meetings and training 890,357 924,001 Other 3,544,697 4,406,730 Total operating expenses other than depreciation and amortization 105,632,080 101,846,380 Operating income before depreciation .. and amortization 49,533.343 19,568,682 Depreciation and amortization 60,732,836 53,211,397 r Operating loss (11,199,493) (33,642,715) Non-operating revenues: Property taxes 39,958,325 35,763,818 Investment and Interest income 10,426,117 15,117,946 Capital facilities capacity charges 15,631.439 9,814,131 Other 3,476,996 1,051,123 .e Total non-operating revenues 89,492,877 81,747,018 Non-operating expenses: Interest 20,078,050 17,469,464 Capital grants to member agencies 3,399,627 1,969,190 Other 4,321,287 1,086.988 y Total non-operating expenses 27,798,964 20,525,642 Income before capital contributions 30,494,420 7,578,661 .. Capital contributions from other agencies 17,358,147 9,536,160 Change in net assets 47,852,567 17,114,821 r Total net assets- beginning 1,041.246,880 1,024.132,059 Total net assets-ending $ 1,089,099,447 $ 1,041,246,880 .e See Accompanying Notes to Basic Financial Statements. 11 ORANGE COUNTY SANITATION DISTRICT Statement of Cash Flows For the Year Ended June 30,2006 (With Comparative Data for the Year Ended June 30, 2005) b 2006 2005 Cash flows from operating activities: L Receipts from customers and users $ 154,204,532 $ 123,776,585 Payments to employees (52.939,029) (51,793,490) Payments to suppliers (53,883,154) (44,872,273) j Net cash provided by operations 47,382.349 27,110,822 Ld Cash flows from noncepital financing activities: Proceeds from property taxes 39,725.891 36.185.451 Capital grants to member agencies (3,399,627) (1,969,190) L Net cash provided by noncapital financing activities 36,326,264 33,216,261 Cash flows from capital and related financing activities: Capital facilities capacity charges 15,804.050 8,868,048 V Additions to property,plant and equipment (260,789,059) (167,877,990) Interest paid (29.069.376) (25,928,520) Principal payments on certificates of participation (12,755,000) (12,040,000) Proceeds from certificates of participation issuance 199.859,470 - Le Certificates of participation Issuance costs (464,376) - Proceeds from capital contributions 9,729,346 7,156,246 Net cash provided(used)by capital and related financing activities (T7,704,944) (209,822,216) Cash flows from investing activities: Proceeds from the sale of investments 4,928,113,653 4,833,824.499 Purchases of investments (4,898,629,313) (4,535.262,824) Interest received 12,360,986 14,998,097 L. Net man provided(used)by investing activities 42,945,306 112,569,772 Net increase(decrease)In cash and cash equivalents 48.948.975 (36,935,361) Cash and cash equivalents,beginning of year 70,696,650 107,632,011 Cash and cash equivalents,end of year $ 119,645.626 $ 70,696.650 Reconciliation of operating loss to net cash provided by operating activities: Operating loss $ (11,199,493) $ (33,642,715) Adjustments to reconcile operating loss to net cash provided by operations: Depreciation and amortization 60,732,836 53.211.397 Bad debt expense 45,389 127,085 LW Other nor perafing revenues and expenses 1,507,875 1.013.724 (IncreaseNdecrease in operating assets: Accounts receivable (7,124,857) (1,822,857) Due from other governmental agencies 2,886,970 3,133.257 V Inventories (170.165) (215,351) Prepaid and other assets (10,725,365) 63,657 Increasel(decresse)in operating liabilities: Accounts payable 7,442,786 368,503 Accrued expenses 1,744,432 1,368,039 Retentions payable 3,462,466 2,439,185 Arbitrage payable (918,800) 315,390 y Compensated absences (51,368) 905,049 Claims and judgments (50,358) (171,541) Net cash provided by operations $ 47,382,349 3 27,110.822 Nonrash Activities: Unrealized gain(loss)on the fair value of investments $ (870,177) $ 562,322 Net disposal of assets with no cash effect (2,388,888) (1,616,697) U Certificates of participation issuance cost-underwriters fee (140.530) - Capital contributions from other agencies 7,628,801 li See Accompanying Notes to Basic Financial Statements. y 12 tw ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 •+ (1) Summary of Sinnificant Accounting Policies Reporting Entitv The Orange County Sanitation District(OCSD)is a public agency which owns and operates certain wastewater facilities in order to provide regional wastewater collection, treatment, and disposal services to approximately 2.5 million people in the northern and central portion of the County of y. Orange, California. OCSD is managed by an administrative organization comprised of directors appointed by the agencies and cities which are serviced by OCSD. OCSD's service area was originally formed in 1954 pursuant to the County Sanitation District Act �+ and consisted of seven independent special districts. Two additional districts were formed and additional service areas were added in 1985 and 1986. These special districts were jointly responsible for the treatment and disposal facilities which they each used. In April of 1998, the Board of Supervisors of Orange County passed Resolution 98-140 approving the consolidation of the existing nine special districts into a new, single sanitation district. This action was taken in order to simplify the governance structures, reduce the size of OCSD's Board of Directors, ease administrative processes, streamline decision-making and consolidate accounting and auditing .+ processes. Pursuant to the Resolution and Government Code Section 57500, the predecessor special districts transferred and assigned all of their powers, rights, duties, obligations, functions and properties to OCSD, including all assets, liabilities,and equity. Effective July 1, 1998, the organization became known as the Orange County Sanitation District. The boundaries of one of the previous districts, now known as Revenue Area No. 14, has been maintained separately because their use of OCSD's collection, treatment, and disposal system is .. funded by the Irvine Ranch Water District. The boundaries of the other eight districts have been consolidated and are collectively referred to as the Consolidated Revenue Area. OCSD utilizes joint operating and capital outlay accounts to pay joint treatment, disposal, and construction costs. These joint costs are allocated to each revenue area based on gallons of sewage flow. The supplemental schedules and statements show internal segregations and are not intended to represent separate funds for presentation as major or non-major funds in the basic financial statements. r The accompanying financial statements present OCSD and its blended component unit, the Orange County Sanitation District Financing Corporation. The Corporation is a legally separate entity although In substance it is considered to be part of OCSD's operations. OCSD is considered to be financially accountable for the Corporation which is governed by a board comprised entirely of OCSD's board members. There is no requirement for separate financial statements of the Corporation; consequently, separate financial statements for the Corporation are not prepared. The Corporation had no financial activity during the fiscal year ended June 30, 2006, other than principal and interest payments on outstanding certificates of participation (see Note 4). OCSD is independent of and overlaps other formal political jurisdictions. There are many governmental entities, including the County of Orange, that operate within OCSD's jurisdiction; however, financial information for these entities is not included in the accompanying financial statements in accordance with the provisions of Governmental Amounting Standards Board (GASS)Statement 14. Measurement Focus and Basis of Amounting OCSD operates as an enterprise activity. Enterprise funds account for operations that are financed and operated in a manner similar to private business enterprises, where the intent of the Board of Directors is that the costs(expenses, including depreciation and amortization)of providing services 13 (Continued) L+ ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements W For the Year Ended June 30,2006 to the general public on a continuing basis be financed or recovered primarily through user L charges. Basis of accounting refers to when revenues and expenses are recognized in the accounts and V reported In the financial statements. Enterprise funds are accounted for on the flow of economic resources measurement focus and use the accrual basis of accounting, whereby revenues are recognized when earned and expenses are recognized when Incurred, regardless of the timing of related cash flows. OCSD applies all GASB pronouncements currently in effect as well as 6.1 Financial Accounting Standards Board Statements and Interpretations, Accounting Principal Board Opinions and Accounting Research Bulletins of the Committee on Accounting Procedure issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASS v pronouncements. Operating Plans Each year, OCSD staff prepares an annual operating plan which is adopted by the Board of 69 Directors. The annual operating plan is used to serve as a basis for monitoring financial progress, - estimating the levy and collection of taxes, and determining future service charge rates. During the year,these plans may be amended as circumstances or levels of operation dictate. L Cash Equivalents Investments with original maturities of three months or less are considered to be cash equivalents. Investments I All Investments are slated at fair value (the value at which a financial Instrument could be u exchanged In a current transaction between willing parties, other than in a forced or liquidation sale). Changes In fair value that occur during the fiscal year are reported as part of Investment and Interest income. Investment and interest income includes interest earnings and realized and unrealized changes in fair value. Ld Accounts Receivable IJ Accounts receivable is shown net of the allowance for uncollectible receivables which was v $261,051 at June 30,2006. Any unbilled sewer service receivables are recorded at year-end. Inventory L Inventory is stated at wet,which approximates market,on a weighted-average basis. Capital Assets L Outlays for property, plant, equipment, and construction in progress are recorded in the revenue area which will use the asset. Such outlays may be for individual revenue area assets or for a revenue area's share of joint assets. ,r Capital assets of property, plant,and equipment are defined as assets with an initial, individual cost of more than $5,000 and an estimated useful life of at least three years. Such assets are recorded at cost, except for assets acquired by contribution, which are recorded at fair market value at the W time received. Cost includes labor; materials; outside services; vehicle and equipment usage; allocated indirect charges such as engineering, purchasing, supervision and other fringe benefits; and certain administrative and general expenses. Net interest costs are capitalized on projects. During the fiscal year ended June 30,2006,net interest costs of$8.79 million were capitalized. 14 (Continued) r u ORANOE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 Depreciation of plant and equipment is provided for over the estimated useful lives of the assets using the straight-line method. OCSD generally follows the guidelines of estimated useful lives as recommended in the State of Celifomla Controller's Uniform System of Accounts for Waste .. Disposal Districts, which range from 3 to 75 years. The following are estimated useful lives for major classes of depreciable assets: Sewage collection facilities — 50 years, Sewage treatment facilities —40 years, Sewage disposal facilities — 40 years, and General plant and administrative facilities—11.5 years. r Amortization Amortization of the excess purchase price over the book value of assets acquired is provided using �+ the straight-line method over an estimated useful life of 30 years. Discounts and deferred charges on the certificates of participation are amortized to interest expense over the respective terms of the installment obligations based on their effective interest rates (note 4). Restricted Assets Certain assets are classified as restricted because their use Is limited by applicable debt covenants. Specifically, the assets are restricted for installment payments due on certificates of participation or are maintained by a trustee as a reserve requirement for the certificates of .+ participation. When both restricted and unrestricted resources are available for use, it is OCSD's policy to use restricted resources first,then unrestricted resources as they are needed. ,r Compensated Absences OCSD's employees, other than operations and maintenance personnel, are granted vacation and sick leave in varying amounts with maximum accumulations of 200 hours and 560 hours for vacation and sick days earned but unused, respectively. Operations and maintenance personnel accrue between 60 and 200 personal leave hours per year depending on years of service. Personal leave can be accumulated up to a maximum of 400 hours. Vacation and sick leave benefits and personal days are recorded as an expense and liability when earned by eligible employees. In determining the estimated sick leave liability at June 30 of each year, OCSD assumes that all employees' accumulated sick leave balances will ultimately be paid out at 35 percent of the ending balance. The distribution between current and long-term portions of 'r the liability is based on historical trends. Claims and Judgments OCSD records estimated losses, net of any Insurance coverage under its self-insurance program when it is probable that a claim liability has been Incurred and when the amount of the loss can be reasonably estimated. Claims payable includes an estimate for incurred but unreported claims. The distribution between current and long-term portions of the liability Is based on historical trends. Property Taxes The County is permitted by Stale law (Proposition 13) to levy taxes at one percent of full market value (at time of purchase) and can Increase the assessed value no more than two percent per year. OCSD receives a share of this basic levy, proportionate to what was received In the 1976 to 1978 period. r Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on July 1 and are payable in two Installments which become delinquent after December 10 and April 10. 15 (Continued) r V ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30, 2006 The County bills and collects the property taxes and remits them to OCSD in installments during the year. Property tax revenues are recognized when levied to the extent that they are available to finance current operations. The Board of Directors has designated property tax revenue to be used for the annual debt service requirements prior to being used as funding for current operations. Capital Facilities Capacity Charges V Capital facilities capacity charges represent fees imposed at the time a structure is newly connected to the District's system, directly or indirectly, or an existing structure or category of use is increased. This charge is to pay for District facilities in existence at the time the charge is imposed or to pay for new facilities to be constructed that are of benefit to the property being W charged. Capital Contributions w Capital contributions consist of charges to certain special districts and agencies for their agreed- upon share of additions to capital assets. Operating and Non-operating Revenues and Expenses 6" Operating revenues and expenses result from collecting, treating, and disposing of wastewater and inspection and permitting services. OCSD's operating revenues consist of charges to customers for the services provided. Operating expenses include the cost of providing these services, administrative expenses, and depreciation and amortization expenses. All revenues and expenses _ not meeting these definitions and which are not capital in nature are reported as non-operating revenues and expenses. Construction Commitments OCSD has active construction projects to add additional capacity, improve treatment, or replace/rehabilitate existing assets. At June 30, 2006, the outstanding commitments with contractors totaled $227 million. - Self-Insurance Plans i•+ For the year ended June 30. 2006. OCSD was self-insured for portions of workers' compensation, property damage, and general liability. The self-insurance portion of workers' compensation is $500.000 per person per occurrence with outside excess insurance coverage to$150 million. The self-insured portion for property damage covering fire and other perils is $25,000 per occurrence _ with outside excess insurance coverage to$1 billion. The self-insured portion for property damage covering good is $100,000 per occurrence with outside excess insurance coverage to$300 million. OCSD is self-insured for all property damage from the perils of earthquakes. OCSD also maintains outside comprehensive boiler and machinery insurance with a $100 million per occurrence combined limit with deductibles ranging from $25,000 to $350.000. OCSD is substantially self- insured for general liability coverage with a $250,000 self-insured deductible, but has excess �+ general liability coverage to $25 million per occurrence. The significant changes in insurance coverage during the fiscal year ended June 30, 2006 are as follows: u • The excess insurance coverage for workers' compensation increased from $50 million to $150 million. • The excess insurance coverage for property damage covering fire and other perils increased from $750 million to$1 billion. r • The combined limit deductible for boiler and machinery insurance increased from a range of$25,000- $100,000 to a range of$25,000-$350,000. u 16 (Continued) v ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 .. During the past three fiscal years there have been no settlements in excess of covered amounts. Claims against OCSD are processed by outside insurance administrators. These claims are charged to claims expense based on amounts which will ultimately be paid. Claims incurred but not yet reported have been considered in determining the accrual for loss contingencies. OCSD management believes that there are no unrecorded claims as of June 30, 2006 that would materially affect the financial position of OCSD, Deferred Compensation Plan OCSD offers its employees a defamed compensation plan established In accordance with Internal Revenue Code Section 457. The plan permits all employees of OCSD to defer a portion of their .+ salary until future years. The amount deferred is not available to employees until termination, retirement, death or for unforeseeable emergency. The assets of the plan are held in trust for the exclusive benefit of the participants and their beneficiaries. Since the plan assets are administered by an outside party and are not subject to the claims of OCSD's general creditors, in accordance with GASB Statement 32, the plan's assets and liabilities are not included within OCSD's financial statements. (2) Cash and Investments Cash and Investments as of June 30, 2006 are classified within the accompanying Statement of Net Assets as follows: Statement of Net Assets: r Current, Unrestricted: Cash and cash equivalents $ 65.989,448 Investments 318,430,977 Subtotal-current,unrestricted 384,420,425 Restricted: Cash and cash equivalents 53,656.177 Investments 51,763,180 Subtotal-restricted 105419 357 Total cash and cash equivalents and investments $489,839.782 r Cash and investments consist of the following as of June 30,2006: .. Cash on hand $ 4,000 Deposits with financial Institutions (2,982,259) Investments 387,398.684 Monies held by trustees: Investments $53,656.177 _ Investment contracts 51,763,180 Subtotal -monies held by trustees 105.419,357 Grand total cash and Investments $489,839,782 o., r 17 (Continued) V ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements W For the Year Ended June 30,2006 Investments Authorized by the California Government Code and OCSD's Investment Policv The table below identifies the investment types that are authorized by the California Government Code and OCSD's investment policy. The table also identifies certain provisions of either the California Government Code or OCSD's investment policy (whichever is more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. A separate table addresses investments of debt proceeds that are held by trustees. Those r, investments are governed by the provisions of the debt agreements rather than the general provisions of the California Government Code or OCSD's Investment policy. Authorized Maximum by OCSD's Maximum Investment Investment Type-Authorized by the Investment Maximum Percentage In a Single California Government Code Policy! Maturity oa of Portfolio m Issuer(l) Local Agency Bonds Yes 5 years None None U.S.Treasury Obligations Yes 5 years None None California State Treasury Obligations Yes 5 years None None U.S.Agency Securities Yes 5years None None Bankefs Acceptances Yes 180 days 40% 30% Commercial Paper Yes 270 days 131 days 15%125% 10% Negotiable Certificates of Deposit Yes 5 years 30% None Repurchase Agreements Yes iyear None None Reverse Repurchase Agreements Yes 90 days tm 5%I2l None - Corporate Medium-Tenn Notes Yes 5 years 30% None Mutual Funds Yes WA 15%I2l 10% Money Markel Mutual Funds Yes WA 15%I2l None Mortgage Pass-Through Securi ies/CNIO Yes 5 years 20% None County Investment Pggls Yes N/A None None u Local Agency Investment Fund(LAIF) Yes N/A None None (1)Restrictions are in acmMance with the California Government Code unless indicated othermse. L. (2)The miniction is In accordance with OCSD's Investment Policy which is more restrictive than the California Government Code. (3)As allowed by California Govemment Cade Section 53601,the Board of Directors has adopted a policy of no maximum maturity for Imastments purchased by OCSD's external money manager for the long-term investment portfolio. However,the duration V of the long-term Investment portfolio can never exceed 60 months. Investments purchased for the short-term portfolio are subject to the maturity restrictions noted in this table. _ Investments Authorized by Debt Agreements" The investment of debt proceeds held by trustees is governed by provisions of the debt agreements, rather than the general provisions of the California Government Code on OCSD's r investment policy. The table below identifies the Investment types that are authorized for investments held by OCSD's trustees. The table also identifies certain provisions of these debt _ agreements that address interest rate risk, credit risk,and concentration of credit risk. u Id V 18 (Continued) u ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 r Maximum Maximum Investment Investment Type-Authorized by the Maximum Percentage in a Single r California Government Code Maturity of Portfolio Issuer State and Local Agency Bonds 5 years None None U.S.Treasury Obligations 5 years None None ,r U.S.Agency Securities 5 years None None Bankers Acceptances 180 days 40% 10% Commercial Paper 270 days 131 days 15%/30% 10% Negotiable Certificates of Deposit 5 years 30% 10% Repurchase Agreements 1 year None None Corporate Medium-Term Notes 5 years 30% None Mutual Funds N/A 20% 10% r' Money Market Mutual Funds N/A 20% None Local Agency Investment Fund(LAIF) N/A None None Guaranteed Investment Contracts N/A None None r Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer an investment has before maturity, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that OCSD r manages Its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash Flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time, as necessary to provide the cash Flow and liquidity needed for operations. r OCSD monitors the interest rate risk inherent in Its managed portfolio by measuring the modified duration of Its portfolio. The duration of monies held for shorter term purposes is recommended by OCSD's Treasurer and is based on OCSD's cash Flow requirements in meeting current operating and capital needs. The average duration of monies invested for shorter term purposes may never exceed 180 days. The duration of monies held for longer term purposes is recommended annually by OCSD's Treasurer and is based on OCSD's five-year cash Flow forecast. The average duration r may not exceed 120 percent nor be less than 80 percent of the recommended duration. The average duration of monies invested for longer term purposes may never exceed 60 months. There is no stated maturity for the Money Market Mutual Funds. Following is a table which summarizes OCSD's investments by purpose with the modified duration. r r 19 (Continued) r V ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 Modified Modified Duration Duration Investment Type Fair Value in ears in months Short-Tenn Portfolio: U.S.Treasury Bills $ 6,310,035 0.209 2.54 U.S.Agency Securities 42,997,126 0.246 2.99 Commercial Paper 4.049,477 0.145 1.76 64 Corporate Medium-Tenn Notes 199,968 0.826 10.05 Negotiable Certificates of Deposit 6.399,960 0.165 2.01 Repurchase Agreements 12,100,000 0.008 0.10 1 Money Market Mutual Funds 114,888 NIA N/A Short-term portfolio subtotal $ 72,171,454 0.234 2.85 Long-Ten Portfolio: U.S.Treasury Notes $ 106,695,126 1.815 22.08 U.S.Treasury Inflation-Protection Bonds 3,296,584 7.075 86.08 GNMA 2,059,513 2.759 33.57 U.S.Agency Securities 140.572,267 3.117 37.92 6+ Corporate Medium-Term Notes 30,461,353 2.052 24.97 Money Market Mutual Funds 2,928,519 NIA NIA Mortgage Pass-Through Securities/CMO 9,277.414 2.177 26.49 W Long-term portfolio subtotal $ 295,290,776 2.768 33.68 OCSD monitors the interest rate risk inherent in its other investments using specific identification of the investments. Following is a table of these investments as of fiscal year end. Fair Value Maturities 6d Investments held by fiscal agents: Money Market Mutual Funds: US Bank $ 534.453 N/A L Fidelity Treasury Class III Fund 696 1,719256 N/A First American Treasury Obligation 185,447 N/A Blackrock Institutional Funds 28.574,139 N/A GS Financial Treasury Obligations 22.642,882 N/A �+ Guaranteed Investment Agreements: AIG-1992 COP 12,417,000 August 1,2013 AIG- 1993 COP 3.725,000 July 14,2016 r, Bayerische Landesbank Girozentrale-20DO COP 17,311,427 August 1,2016 MBIA Inc.-2006 COP 18,309,753 February 1,2036 Local Agency Investment Fund(LAIF) 19.936,454 152 day average Fair Value of Other Investments $ 125,355,811 Investments with Fair Values Hiahly Sensitive to Interest Rate Fluctuations OCSD's investments (including investments held by trustees) include the following investments that are highly sensitive to interest rate fluctuations (to a greater degree than already indicated in the information provided above): u v 20 (Continued) W r' ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 'V • Mortgage-backed securities: These securities are subject to early payment in a period of declining Interest rates. The resulting reduction in expected total cash flows affects the fair value of these securities, making them highly sensitive to change In interest rates. At fiscal year end,the fair value of Investments in mortgage-backed securities totaled $39,034,194. • Treasury inflation-protection bonds(TIPS): The U.S.Treasury Department pays a fixed,semi- annual coupon on these investments that is based on a Treasury auction plus an adjustment for inflation, making the fair value of these securities highly sensitive to changes in interest rates. At fiscal year end, the fair value of Investments in TIPS totaled$3,296,584. ,r • U.S. Agency Securities with a step-up interest rate: At each call date, should the issuer not call the security, the coupon rate of the note increases by an amount specified at inception. The call feature embedded within a step-up security causes the fair value of the instrument to be highly sensitive to interest rate changes. At fiscal year end, the fair value of investments with step interest rates totaled$16,012,636. Disclosures Relating to Credit Risk Generally, credit risk Is the risk that an Issuer of an investment will not fulfill Its obligation to the holder of the Investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. The following table presents the minimum rating as ,r required by the California Government Code, OCSD's investment policy, or debt agreements, and the actual rating as of year-end for each investment type: r r r r r 21 (Continued) ti ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements 'W For the Year Ended June 30, 2006 Investment Type and the Lowest Rating Reported at Year End Fair Value 'r Investments with no legal minimum rating& no required disclosure: U.S.Treasury Obligations $ 128,401,745 U.S.Agency Securities-GNMA 2,059,513 Subtotal $ 130,461,258 Investments with no legal minimum rating: U.S.Agency Securities(other than GNMA): Rafing of A-1+(Standard& Poors) 50,555,192 Rating of AAA(Standard&Poors) 133,014,201 _ Negotiable Certificates of Deposit Not rated at fiscal year end 6,399.960 ),.I Local Agency Investment Fund(LAIF): Not rated at fiscal year end 19,936,454 Investments with fiscal agents-Guaranteed Investment Contracts: Not rated at fiscal year end 51,763,180 Subtotal 261,668,987 Investments with a legal minimum rating(or its equivalent)of A: Commercial Paper: V Rating of P-1 (Moody) 1,974,700 Not rated at fiscal year end 2.074,777 Corporate Medium-Term Notes: IW Rating of A-(Standard &Poors)' 799,872 Rating of A+(Standard&Poors) 5,303,663 — Rating of Al (Moody) 2,001,860 v Rating of A2(Moody) 4.612,616 Rating of A3(Moody) 1,400,000 - Rating of AA-(Standard&Poors) 1200.744 I , Rating of AA-(Fitch) 499,605 v Rating of AA-(Fitch) 826.200 Rating of AA1 (Moody) 2.303,220 Rating of AA3(Moody) 3,911,973 `, Rating of AAA(Moody) 5,9D0,390 Rating of BBB-(Standard&Poors)' 900,558 Rating of BBB+(Fitch)- 1,000,620 t Money Market Mutual Funds: W Rating of AAA(Moody) 3,043,407 _ Invested with fiscal agents: Rating of Asa(Moody) 30,478,842 r, Not rated at fiscal year end 534.453 Rating of AAA(Standard& Poors) 22,642,882 Subtotal 91,410,382 W Investments with a legal minimum rating(or its equivalent)of AA Mortgage Pass-Through SecurMes/CMO: _ Rating of AAA(Standard&Poors) 8,546,118 Not rated at fiscal year end 731.296 W Subtotal 9,277.414 Total $492,818,041 'Investmentwas in mmplianw with legal re9ulrements at ae time it was purchased. W 22 (Continued) ri r ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 Concentration of Credit Risk Limitations on the amount that OCSD is allowed to Invest in any one issuer have been Identified previously in the section, "Investments Authorized by the California Government Code and OCSD's r Investment Policy and in the section, "Investments Authorized by Debt Agreements." OCSD follows whichever guideline is the most restrictive. As of fiscal year and. OCSD has investments in the following types of securities, each of which represents more than 5 percent of OCSD's Investments: . Federal Home Loan Bank(U.S.Agency Securities),totaling$54,918,652 . Federal Home Loan Mortgage Corporation (U.S.Agency Securities),totaling $47,417,348 . Federal National Mortgage Association(U.S.Agency Securities),totaling$B3,971,858 Custodial Credit Risk e. Custodial credit risk for deposits is the risk that in the event of the failure of a depository financial Institution, a government will not be able to recover Its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The California Government r, Code and OCSD's investment policy contain legal requirements that limit the exposure to custodial credit risk for deposits as follows: a financial institution must secure deposits made by state or local governmental units by pledging securities In an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The market value of the r pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure deposits by pledging first trust deed mortgage notes having a value of 150%of the secured public deposits. r Custodial credit risk for investments is the risk that in the event of the failure of the counterparty, (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its Investment or Collateral securities that are in the possession of another party. The California r Government Code and OCSD's investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for Investments. r As of June 30, 2006, OCSD's investments in the following Investment types were held by the fiscal agent's safekeeping department of the broker-dealer(counterparty)used to buy the securities. Money market mutual funds $53,656,177 r Guaranteed Investment Contracts 51,763,180 Total R1nS.41 457 r Investment in State Investment Pool OCSD is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of r California. The fair value of OCSD's investment In this pool is reported in the accompanying financial statements at amounts based upon OCSD's pro-rota share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized Cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. Included in LAIF's Investment portfolio are mortgage-backed securities, other asset-backed securities, loans to certain state funds, securities with interest rates that vary according to changes in rates greater than a one-for-one basis,and structured notes. r 23 (Continued) r L ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 (3) Capital Assets Capital asset activity for the year ended June 30,2006 is as follows: u Balance at Balance at June 30,2005 Additions Deletions June 30 2006 Capital assets not depredated: Cost V Land $ 13.021,480 $ 3.584 S (3,584) $ 13,021,480 Construction in progress 487,884,577 269,128,155 (170,299,397) 586,713,335 Total nondepreciable assets 500,906.057 269,131.739 (170,302,981) 599.734.815 W Depreciable capital assets: Cost: Sewage collection facilities 438,850,245 27,417,882 (22,141) 4611,245,986 `+ Sewage treatment facilities 669.672.368 66,960,251 (621.607) 736,011,012 Effluent disposal facilities 97,014,820 105,608 (106,608) 97.014.820 Solids disposal facilities 3.074,494 3,382 (3,382) 3.074,494 V General and administrative facilities 126,498A44 46.433.073 (521,070) 172.410.447 Subtotal 1335,110,371 140,921,196 (1274,808) 1,474,756,759 Accumulated depreciation: y Sewage collection facilities (179.316.543) (10,749,112) 13,765 (190,051,890) Sewage treatment facilities (364.031,145) (24,712,027) 903.006 (387,840,166) — EBluentdisposalfacilities (40,011.010) (2,445,055) 165,578 (42.290,487) Solids disposal facilities (3,072,889) (3,814) 2,189 (3,074,494) V General and administrative facilities (75,553.058) (11,886236) (233,335) (87,772,629) Subtotal (662,084,625) (49,796244) 851,203 11,029,666 Net depreciable assets 673.025,746 91.124.952 (423.W5) 763,727,093 sd Netcapital assets $ 1.173,931,803 $ 360256,691 $ (t 70,726,586) $ 1,363.481,908 II (4) Lono-Term Liabilities f The following is a summary of the changes in long-tens liabilities for the year ended June 30,2006: W Certificates Arbitrage Compensated Claims and of Payable Absences Judgments Participation Totals Balance,July 1 $ 1.312,000 $ 5,625,746 $ 1,430,208 $ 621.325,000 $ 629,692.954 Additions 201.601 5,630.545 161,141 200,000,0D0 2D5,993,287 W Deletions (1,120,401) (5,681,911) (211,499) (12,755,000) (19,768,811) Balance,June 30 393.200 5.574,380 1,379,8W W8,570,000 815,917,430 — Due within one year 4.654.610 359,450 13,465.000 18,479,060 Unamortized discount - 7602M 760,296 u Unamortized defamed amount on refundings - - - 960,587 960,587 Long-term amount $ 393.200 !F 9 99,770 $ 1,020.400 $ 793,384,117 $ 795,717.487 1.1 W 24 (Continued) ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 •+ Arbitrage Payable The Tax Reform Act of 1986 (the Act) requires OCSD to calculate and remit rebatable arbitrage earnings to the Internal Revenue Service. Certain of OCSD's debt and interest earnings on the `+ proceeds thereof are subject to the requirements of the Act. OCSD's liability at June 30, 2006 is $393,200 for future years remittances. r Compensated Absences OCSD's policies related to compensated absences are described in Note 1. OCSD's liability at June 30, 2006 is $5,574,380 with an estimated $4,654,610 to be paid or used within the next fiscal r year. Claims and Judgments Payable a, OCSD is self-insured in a number of areas as described in Note 1. The following is a summary of the claims and judgments payable as of June 30,2006 and 2005: 2005-06 2004-05 'tl Claims and judgments payable at July 1 $1,430,208 $1.601,749 Claims incurred during the fiscal year 117,561 21,265 Adjustments to the prior year 43.580 51,804 r Payments on claims during the fiscal year (211.499) 244,610 Claims and judgments payable at June 30 1,379,850 1,430,208 Less: current portion (359,450) (434,150 r Total long-term claims and judgments payable $1,020,400 $ 996,058 r, Certificates of Participation OCSD issues certificates of participation in order to finance construction of the treatment facilities. Each certificate of participation represents a direct and proportionate interest in the semi-annual interest payments. Installment payments for the issues are payable from any source of lawfully available funds of OCSD. Certificates of participation at June 30,2006 are summarized as follows: Amount 1992 refunding certificates of participation $ 93,120.000 1993 refunding certificates of participation 37,260,000 2000 refunding certificates of participation 198,200.000 r 2003 certificates of participation 280,000,000 2006 certificates of participation 200.000,000 Total certificates of participation payable $808,670,000 ,r Outstandino Certificates of Participation r December 1992 Refunding Certificates of Participation On December 3, 1992, OCSD completed the sale of$160,600,000 of refunding certificates of •+ participation. The certificates were issued to refund the remaining outstanding principal balance of the 1986 certificates of participation and $38,350,000 of the outstanding principal balance of the 1990-92 Series B certificates of participation. r 25 (Continued) ti ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30, 2006 u The interest rate on the refunding certificates is adjusted by the remarketing agent daily based , on market interest rates. The weighted average interest rate for the fiscal year ended June 30, - 2006 was 2.50 percent. On October 1, 1992, OCSD and a brokerage company entered Into an Interest rate exchange swap agreement (Note 5). Annual principal payments are due on August 1,beginning August 1, 1993. - The trust agreement for the certificates requires the establishment of a reserve which was W funded from certificate proceeds.The June 30,2006 reserve of$12,417,060 is held by the trustee, US Bank, and meets the reserve requirement. Additionally,AMBAC provides municipal bond insurance for the certificates. L September 1993 Refunding Certificates of Participation On September 2, 1993, OCSD completed the sale of $46,000,000 of refunding certificates of ,r participation. The certificates were issued to refund $39,740,000 of the outstanding principal balance of the 1990-92 Series B certificates of participation (see above). - The Interest rate on the refunding certificates is adjusted by the remarketing agent daily based on market Interest rates. The weighted average interest rate for the fiscal year ended June 30, 2006, was 2.84 percent. On September 1, 1993, OCSD and a brokerage company entered Into an Interest rate exchange swap agreement(Note 5). Annual principal payments are due on W August 1, beginning August 1, 1995. The trust agreement for the certificates requires the establishment of a reserve which was funded from certificate proceeds. The June 30, 2006 reserve of $3,726,993 Is held by the V trustee,JPMorgan, and meets the reserve requirement. August 2000 Refunding Certificates of Participation v On August 31, 2000, OCSD completed the sale of $218,600.000 of refunding certificates of _ participation. The certificates were issued to refund the remaining outstanding principal I balance of the 1990-92 Series A. B, and C certificates of participation (see above) and to W reimburse OCSD for improvements made to the wastewater system. The interest rate on the refunding certificates is adjusted by the remarketing agent daily based on market interest rates. The weighted average interest rate for the fiscal year ended June 30, yr 2006 was 2.85 percent. Annual principal payments are due on August 1, beginning August 1, 2001. w The trust agreement for the certificates requires the establishment of a reserve which was funded from certificate proceeds. The June 30, 2006 reserve of $17,450,096 is held by US - - Bank,the trustee,and meets the reserve requirement. August 2003 Certificates of Participation On August 26, 2003, OCSD completed the sale of$280,000,000 of certificates of participation. The certificates were issued to finance and to reimburse OCSD for the acquisition, W construction, and installation of additional improvements made to the wastewater system. The interest rate on the certificates is fixed and ranges from 5.00 percent to 5.25 percent. Annual principal payments are due on February 1, beginning February 1,2021. W 6d 26 (Continued) u 1 ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 The trust agreement for the certificates requires the establishment of a reserve which was funded from certificate proceeds. The June 30, 2006 reserve of$28,572,701 is held by Union Bank,the trustee, and meets the reserve requirement. March 2008 Certificates of Participation On March 8, 2006, OCSD completed the sale of $200.000,000 of refunding certificates of participation. The certificates were issued finance and to reimburse OCSD for the acquisition, construction, and installation of additional improvements made to the wastewater system. The interest rate on the refunding certificates is adjusted by the remarketing agent daily based on market interest rates. The weighted average interest rate for the fiscal year ended June 30, 2006 was 3.19 percent. Annual principal payments are due on February 1, beginning February 1,2022. The trust agreement for the certificates requires the establishment of a reserve which was funded from certificate proceeds. The June 30, 2006 reserve of $18,377,013 is held by Deutsche Bank, the trustee,and meets the reserve requirement. Annual Amortization Requirements The annual requirements to amortize all debt related to certificates of participation as of June 30, 2006, are as follows: r Estimated Year Interest Rate it Ending Estimated Swaps, Net June 30, Principal Interest (See Note 5) Total 2007 $ 13,465,000 $ 34,437,352 $ 1,612,848 $ 49,515,200 r 2008 14,265,000 33,880.776 1.446,720 49,592.496 2009 15,060,000 33,293.022 1,221,095 49,574,117 2010 16,110,000 32.664,940 975,948 49.750.888 2011 17,065,000 31,999.112 715.240 49.779,352 2012-2016 111,005,000 147,136.586 1,492,487 259,634,073 2017-2021 129,195,000 123.631,596 4.853 252.831.449 2022.2026 142,365,000 97,159,967 - 239.524,967 2027-2031 184,285.000 59,935,790 - 244.220,790 2032.2036 165,755,000 13,904,565 179.659 565 Total $808,570.000 $608,043,706 $ 7,469,191 $ 1,424,082,897 r f5) Interest Rate Swaps on Certificates of Participation As indicated in Note 4, OCSD has entered into interest rate swap agreements in connection with the 1992 and the 1993 Refunding Certificates of Participation. Objective: The objective of the interest rate swaps is to lower OCSD's borrowing costs when compared against fixed-rate bonds at the time of Issuance. The swaps effectively change OCSD's variable interest rate to a synthetic fixed rate of 5.55 percent on the 1992 Refunding Certificates of Participation and to a synthetic fixed rate of 4.56 percent on the 1993 Refunding Certificates of Participation. r 27 (Continued) r V ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 1992 Refunding Certificates of Participation r+ Terms of the Swap: On October 1, 1992,OCSD and a brokerage company entered into an interest - rate exchange swap agreement pursuant to which OCSD will pay a fixed interest rate of 5.55 percent. OCSD will receive a variable interest rate equal to the interest paid to the holders of the V' certificates which is based on a tax exempt daily interest rate as determined by the remarketing agent on an initial notional amount of $160,600,000. The notional value of the swap declines in "- tandem with the principal amount of the associated debt. This interest rate swap agreement is yi accounted for as a hedge, and the associated Interest rate differential to be paid or received is charged to interest expense as interest rates change. The 20-year swap agreement matures on August 1,2013. Fair Value: Because interest rates have declined since execution of the swap agreement, the swap had an estimated negative fair value of $6.02 million as of June 30, 2006. Because the variable-rate certificates adjust to changing interest rates, the certificates do not have a ,r corresponding fair value increase. The fair value was estimated using the zero-coupon method. This method calculates the future net settlement payments required by the swap, assuming that the current forward rates implied by the yield curve correctly anticipate future spot interest rates. These payments are then discounted using the spot rates implied by the current yield curve for hypothetical zero-coupon bonds due on the date of each future net settlement on the swap. Credit Risk: As of June 30, 2006. OCSD was not exposed to credit risk because the swap had a negative fair value. However,should interest rates change, and the fair value of the swap become positive,OCSD would be exposed to credit risk in the amount of the swap's fair value. The swap's counterparty,AIG Financial Products Corporation,was rated AA by Standard & Poor's and Aa2 by Moody's Investors Service as of June 30, 2006. To mitigate the potential for credit risk, if the counterparty's credit quality falls below AA- by Standard & Poor's or Aa3 by Moody's Investors Service, the fair value of the swap ('d the swap has a positive fair value)will be collateralized by the counterparty as follows: 1) with bonds, debentures and other debt Issued or guaranteed by the United Stales of America equaling 106 percent of the fair value, or 2)with securities issued by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association equaling _ 108 percent of the fair value, or 3) other securities to be agreed upon and in an amount to be agreed upon by OCSD, the counterparty, and the Swap Insurer. The collateral would be held by a �a third-party custodian. Basis Risk The swap does not expose OCSD to basis risk because the variable-rate interest paid W to the certificate holders is equal to the variable-rate interest earned on the notional amount of the swap. Termination Risk: OCSD or the counterparty may terminate the swap if the other party fails to Ir perform under the terms of the contract. In the event of termination due to default, the defaulting party will pay to the non-defaulting party the excess (if any) of the sum of the settlement amount - and the unpaid amounts owed less the unpaid amounts due from the non-defaulting party. The swap may be terminated by OCSD if the counterparty's credit quality rating falls below AA- by Standard & Poore or Aa3 by Moody's Investors Service. If the swap is terminated, the variable- _ rate certificates of participation would no longer carry a synthetic interest rate. W 1993 Refunding Certificates of Participation Terms of the Swap: On September 1, 1993. OCSD and a brokerage company entered into an interest rate exchange swap agreement pursuant to which OCSD will pay a fixed interest rate of yr 4.56 percent. OCSD will receive a variable interest rate equal to the interest paid to the holders of the certificates which is based on a tax exempt daily interest rate as determined by the remarketing - 28 (Continued) ri ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements .+ For the Year Ended June 30,2006 r agent on an initial notional amount of $46,000,000. The notional value of the swap declines in tandem with the principal amount of the associated debt. This interest rate swap agreement is accounted for as a hedge, and the associated interest rate differential to be paid or received is charged to interest expense as interest rates change. The 22-year swap agreement matures on August 1, 2016. Fair Value: Because interest rates have declined since execution of the swap agreement, the .. swap had an estimated negative fair value of $1.46 million as of June 30, 2006. Because the variable-rate certificates adjust to changing interest rates, the certificates do not have a corresponding fair value increase. The fair value was estimated using the zero-coupon method. This method calculates the future net settlement payments required by the swap, assuming that the current forward rates implied by the yield curve correctly anticipate future spot interest rates. These payments are then discounted using the spot rates implied by the current yield curve for hypothetical zero-coupon bonds due on the date of each future net settlement on the swap. Credit Risk: As of June 30, 2008, OCSD was not exposed to credit risk because the swap had a negative fair value. However, should interest rates change, and the fair value of the swap become positive, OCSD would be exposed to credit risk in the amount of the swap's fair value. The swap's counterparty, Societe Generale Bank, was rated AA- by Standard & Poor's and Aa2 by Moody's Investors Service as of June 30,2006. To mitigate the potential for credit risk, if the counterparty's credit quality falls below AA- by Standard & Pooes or Aa3 by Moody's Investors Service, the fair value of the swap (if the swap has a positive fair value)will be collateralized by the counterparty as follows: 1) with securities issued or guaranteed by the United States Government equaling 106 percent of the fair value, or 2) with securities issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Government National Mortgage Association equaling 108 percent of the fair value, or 3) other securities to be agreed upon and in an amount to be agreed upon by OCSD, the counterparty, and the Swap Insurer. The collateral would be held by a third-party custodian. a+ Basis Risk: The swap does not expose OCSD to basis risk because the variable-rate interest paid to the certificate holders is equal to the variable-rate interest earned on the notional amount of the swap. Fa' Termination Risk: OCSD or the counterparty, may terminate the swap If the other party fails to perform under the terms of the contract. In the event of termination due to default, the defaulting party will pay to the non-defaulting party the excess (if any) of the sum of the settlement amount and the unpaid amounts owed less the unpaid amounts due from the non defaulting party. The swap may be terminated by OCSD if the counterparty's credit quality rating falls below AA- by Standard & Poor's or Aa3 by Moody's Investors Service. If the swap is terminated, the variable- rate certificates of participation would no longer carry a synthetic interest rate. (6) Net Assets The difference between assets and liabilities is reported as net assets. Net assets are classified as restricted, unrestricted, or invested in capital assets, net of related debt. Net assets at June 30, 2006 consisted of the following: r d r 29 (Continued) r u ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30,2006 June 30 2006 Invested in capital assets, net of related debt: Capital assets,net of accumulated depreciation $ 1,363.461,908 Outstanding debt issued to acquire capital assets, net of:unamortized bond discount, _ deferred amount on refundings,and unspent proceeds (806,849,117) V Unamortized deferred charges of debt issued to acquire capital assets 4,364,633 Subtotal 560,977,424 �.. Restricted by debt covenants for debt service on certificates of participation 83,546,535 Restricted for capital acquisition 22,539,212 Unrestricted 422,036,276 -- Total Net Assets $ 1,089,099,447 y (7) Pension Plan vd OCSD participates in the Orange County Employee's Retirement System (OCERS),a cost-sharing multiple-employer, defined benefit pension plan which is governed and administered by a nine member Board of Retirement. OCERS was established in 1945 under the provisions of the County Employees Retirement Law of 1937, and provides members with retirement, death, disability, and cost-of-living benefits. OCERS issues a stand-alone comprehensive annual financial report which can be obtained from OCERS at 2223 Wellington Avenue,Santa Ana,California 92701. w Benefits All OCSD employees except for intems participate in OCERS. Employees who retire at or after age 50 with ten or more years of service are entitled to an annual retirement allowance. The amount of the retirement allowance is based upon the members age at retirement, the members "final compensation"as defined in Section 31462 of the Retirement Law of 1937, the total years of - service under OCERS, and the employee's classification as a Tier I or Tier II member. Benefits fully vest on reaching five years of service. OCERS also provides death and disability benefits. Contributions As a condition of participation under the provisions of the County Employees Retirement Law of W 1937, members are required to contribute a percentage of their annual compensation to OCERS. _ Tier I and Tier II covered employees are required to contribute 7.72% - 13.90% and 7.39% - 13.31%, respectively,of their annual compensation to OCERS. OCSD is required to make periodic contributions to OCERS in amounts that are estimated to remain a constant percentage of covered employees' compensation such that, when combined with covered employees' contributions, will - fully provide for all covered employees' benefits by the time they retire. For the fiscal years ended June 30,2006,2005,and 2004,the required contribution equaled the contribution actually made. id The following table provides salary and contributions requirements for the current and two prior -- fiscal years. yr W 30 (Continued) W r ORANGE COUNTY SANITATION DISTRICT .. Notes to Basic Financial Statements For the Year Ended June 30,2006 r For the Fiscal Year Ending June 30,2006 June 30.2005 June 30,2004 Total Payroll Costs $ 51,589,226 $49.332.630 $45.738,510 Payroll Costs of Employees Covered by OCERS 48.761,087 44,669,861 40,094,612 Contributions Requirements: Contributed by Employees 3,095,591 1,250.374 1,092,292 Contributed by the District on Behalf of Employees 1,717,959 1,996.310 1,777,201 Total Employee Required Contribution 4,813,550 3.246.684 2,869,493 District Required Contribution 7,416,556 5,524,673 3,668,650 Total Contribution $ 12,230,106 $ 8.771,357 $ 6,538,143 Total Actual Contribution as a Percent of �. Required Contribution 100.00% 100.00% 100.00% Employee Required Contribution as a Percent of Covered Payroll 9,87% 7.27% 7.16% District Required Contribution as a Percent of Covered Payroll 15,21% 12.37% 9.15% Total Contribution as a Percent of all Participating Entities'Contributions 5.98% 4.78% 3.79% (8)Transactions with Irvine Ranch Water District-Revenue Area No. 14 Formation of Revenue Area No. 14&Excess Purchase Price Over Book Value of Acquired Assets On July 1, 1985, Revenue Area No. 14 was formed as an independent special district as a result of a negotiated agreement between OCSD and Irvine Ranch Water District (IRWD). At the time of Revenue Area 14's creation, OCSD consisted of eight independent special districts (see Note 1 - '�' Reporting Entity). The eight existing districts sold a portion of the joint treatment facilities and land to the newly created district and recorded capacity rights revenue at the time of the sale. In accordance with the negotiated agreement between OCSD and IRWD, IRWO paid OCSD $34,532.000 for an initial 15,000,000 gallons per day capacity in OCSD's joint treatment facilities (with an ultimate collection capacity of 32.000,000 gallons per day)and for a pro-rata interest in real property(based on flow of 32,000,000 gallons per day). The book value of the assets acquired was determined to be $14,553,000 as of June 30, 1986; these assets were recorded at book value in Revenue Area 14. The excess of the purchase price over the assets'book value was$19,979,000 and was recorded as an intangible asset in Revenue Area No. 14. The excess of the purchase price over the assets' book value is being amortized over the remainder of the useful lives of the original assets acquired. As of June 30, 2006, the unamonized amount of the excess of purchase price over the assets'book value was$6.824,820. `+ Annual Transactions IRWD entered into a separate agreement with Revenue Area No. 14 whereby IRWD agreed to annually fund payment of Revenue Area No. 14's proportionate share of OCSD's joint capital outlay ad revolving fund budget requirements and certain capital improvements during the term of the agreement,which contribution amounted to$17,358,147 in 2006. r 31 (Continued) � I ORANGE COUNTY SANITATION DISTRICT Notes to Basic Financial Statements For the Year Ended June 30, 2006 (9)Commitments 6+ Groundwater Replenishment System: In March 2001, OCSD entered into an agreement with the Orange County Water District, California, to design and construct Phase 1 of the "Groundwater Replenishment System" (GWRS). OCSD has no explicit, measurable equity interest in GWRS. No separate financial statements are prepared for GWRS. The cost of this project is to be paid equally(50 percent shares)by each agency. The GWRS is a u joint effort by the two agencies to provide reclaimed water for replenishment of the Orange County Groundwater Basin and to augment the seawater intrusion barrier. The GWRS is planned for three 1'- phases, Phase 1 will produce approximately 72,000 acre-feet per year of recycled water by August `r 2007, Phase 2 will increase the total capacity to 112,000 acre-feet by the year 2010, and Phase 3 will increase the total capacity to 145,600 acre-feet per year by the year 2020. Following the completion of Phase 1, the GWRS will have the capacity to divert up to 100 million gallons per day of flow from OCSD's ocean discharge. As of June 30, 2006, the total estimated cost of GWRS Phase 1 was $497.10 million. Of this �- amount, up to $92.50 million may be reimbursed through grants from the U.S. Environmental Protection Agency, the U.S. Bureau of Reclamation,the State Water Resources Control Board,and others. OCSD's estimated gross and net share is$248.55 million and$202.30 million, respectively. _ Costs incurred by OCSD through June 30, 2006 total$150.89 million. Secondary Treatment: On July 17, 2002, the Board of Directors Approved Resolution No. OCSD- 14, "Establishing the Policy for Level of Treatment of Wastewater Discharged into the Ocean". This resolution established OCSD's policy to treat all wastewater discharges into the ocean to secondary treatment standards thereby providing for continued public safety, marine ecosystem protection, and water reclamation opportunities. To implement this policy, OCSD staff was directed to immediately proceed with the planning, design, and implementation of treatment methods that will allow the agency to meet Federal Clean Water Act secondary treatment standards. OCSD estimates that it will lake a total of approximately eleven years and additional capital - improvement costs of$271 million to reach secondary treatment discharge standards. Secondary treatment discharge standards are scheduled to be reached in 2013. In the interim, OCSD will v operate the plants to maximize available secondary treatment and to reduce effluent biochemical oxygen demand and suspended solid discharges below currently allowed limits. Each year the current 50 percent secondary portion will increase incrementally as operations change and new facilities are constructed and placed in service. Ir u ur 6J 32 u a r d r ORANGE COUNTY SANITATION DISTRICT SUPPLEMENTARY INFORMATION r: r. r. s Y r r 33 r ORANGE COUNTY SANITATION DISTRICT Schedule of Not Asse s June 30,2006 With Comparative Totals for June 30,2005 Revenue Consolidated Totals V Area No.14 Revenue Area Eliminations 2006 2005 Current assets: --- Cash and cash equWalents $ - $ 65,989,448 $ - $ 65,9891448 If 40.667,279 Investments - 318,43g977 - 318.43g977 367,715,247 Due from other Revenue Area - 13,213,434 (13,213,434) - Accounts receivable,net of alloxanca _ for uncolleNbles 8,540,653 11,700,282 - 18,240,8e5 11.161.337 Accrued Interest receivable 196,400 3,654,587 - 3,850,987 3,533,632 Due from other governmental agencies 8,371,2W - - 8,371,250 3,428,418 ear Connection fees recebnble - 1.335,169 1,335,10 1,507,780 Property tax receivable 53,574 1,830,341 - 1,80,915 1,651,481 Inventories 236,727 4,324,412 - 4,561,139 4,464,047 1 Prepaid retirement 576,E09 10,733,188 - 11.308,975 - 4 Other current assets 1,225 22,736 23,981 608,571 Total current assets 15.976,538 01,234,522 (13,213,434) 433,997,626 435,038,793 W Noncurrent assels: Restricted: "- Cash and cash equivalents - 63,856,177 - 53,656.177 3e,029,371 Investments - 51,763,180 - 51,763,180 33,933,427 IW Accrue!interest receivable - 666,390 666.390 551,060 Unrestricted: Non-depreciable cep4al assets 30,679,591 569,055,224 - 599,734,815 500,906.057 i Depreciable capital aesets,net of V accumulated depredation 48,509.173 715,217,920 - 703,727,093 673,025,746 Deferred charges 4,364.633 - 4,384,833 3,926.011 _ Excess purchase price over book value on acquired assets,net 6,824.820 - - 6,824,820 7,482,629 Other noncurrent assets,net 1,953,825 35,607,359 37,561,184 19.90.9,383 Total noncurrent assets 87,967,409. 1,43e,33e,883 1,518,298,292 1,269,803,584 Total assets 103,943.W7 1.861,%5,405 (13,213,434) 1,02,295,918 1,704,842,377 W Current liabilities'. Accounts payable 1,111,906 20,831,8E3 - 21.743,791 14,301AN Accrued asperses 033,171 8,111,06E - 8,444,239 6,787,505 I� Due to other Revenue Area 13,213.434 - (13,213,434) - - Retentions payable 508,332 8,737,241 - 9.245,573 5,783,105 Interest payable - 9.566,321 - 9,566,321 8,889,235 Current portion of ,W longterm obligations 255,722 18,223,338 18,479,060 18,541,952 Total current llabil3ks 15.422.567 65,269,851 (13.213,434) 67,478,984 54,302,902 Noncurrent eaNN Noncurrent portion of long-term obligation 98,940 795,618,547 795,717,487 609,292,595 -- Total liaNlities 15,521,507 860,886,898 (13,213,434) 863,196,471 663,595,nlr W Net assets: '— Invested to capital aesets, net of related debt 79,188,764 481,788,660 - 560,977,424 558,391.221 Restricted for debt service - 83,546,535 - 83,546,535 64,513,858 Restricted for capital acquisition - 22,839,212 - 22,539,312 - unrestricted 9,233,676 412,802,6DD 422,038,276 418,341,801 W Total net assets $ W.422.440 $ 1,000,877.007 E S 1.089.098.447 $ 1,041.246,880 34 u ORANGE COUNTY SANITATION DISTRICT Schedule of Revenues, Expenses,and Changes in Net Assets For the Year Ended June 30,2006 �r With Comparative Totals for June 30,2005 .d Revenue Consolidated Totals Area No. 14 Revenue Area 2006 2005 Operating revenues: Mai Service charges $ 4,055,181 $ 150,235,859 $ 154,291,040 $ 120,916,671 Permit and inspection fees 19,771 854,612 874,383 498,391 Total operating revenues 4,074,952 151,090,471 155,165,423 121,415,062 Operating expenses other than depreciation and amortization: rr Salaries and benefits 2.482,020 50.763,799 53,245,819 53,048,037 Utilities 413,390 7.149,837 7,563,227 6,473,251 Supplies,repairs and maintenance 770,099 20.403,258 21,173,357 18.289,913 Contractual services 848,381 18,224,972 19,073,353 18,573,208 Directors'fees 15,032 126,238 141.270 131,240 Meetings and training 45,858 844,499 890,357 924.001 Other 168,576 3,376,121 3,544,897 4,406.730 +r Total operating expenses other than depreciation and amortization 4,743,356 100,888,724 105,632,080 101,846,380 Operating Income(loss)before depreciation and amortization (666,404) 50,201,747 49,533,343 19,568,682 Depreciation and amortization 4,678,430 56,054,406 60,732,836 53,211,397 r Operating loss (5,346,834) (5,852,659) (11,199,493) (33,642,716) Non-operating revenues: r Property taxes 1,133,225 38,025,100 39,958,325 35,763,818 Investment and interest income(loss) 2,525 10,423.592 10,426,117 15.117,946 Capital facilities capacity charges - 16,631,439 15,631,439 9,614,131 y Other 94,841 3.382,155 3,476,996 1,051,123 Total non-operating revenues 1,230,591 68,262,286 69,492,877 61,747,018 �+ Non-operating expenses: Interest 159,499 19,918.551 20,078,050 17.469,464 Capital grants to member agencies - 3,399,627 3,399,627 1,969,190 r Other 45,193 4,276,094 4,321,287 1,086,988 Total non-operating expenses 204,692 27,594,272 27,798,964 20,525,642 r Income(loss)before capital contributions (4,320,935) 34,815,355 30,494,420 7,578.661 Capital contributions from other agencies 17,358,147 17,358,147 9,536,160 r Change in net assets 13,037,212 34,815,355 47,852.567 17,114,821 Total net assets-beginning 75,385,228 965,861,652 1,041,246,880 1,024,132.059 Total net assets-ending $ 88,422,440 $ 1000677,007 $ 1,089,099,447 It 1,041,246,880 r 35 ORANGE COUNTY SANITATION DISTRICT Schedule of Cash Flows For the Year Ended June 30,2006 I With Comparative Totals for June 30,2005 1 M Revenue Consolldaled Totals Arei No.14 Revenue Area Eliminations 2006 2005 Cashcept from customers and lus: W Receipts tom wstomes end users E 9,053,239 E '(50,413,458 8 - $ (52,039,029 $ 123,776.565 49D Payments to employees (2,213,6261 (51,669,526) - (52,939,028) (81,793,490) --- Paymenislasuppllers 12.213,8281 (81,868,828) (53.683,1541 (M.872.273) Net man provided by operedons 4,314,040 43.D88,309 47.382,349 27.110.822 Cash owls from non a lal financing activities: Proceeds from property lazes 1.123,045 38,802,846 - 39,725.691 35.185.451 Giants to member agencies (3,309,627) (3.399,827) (1,989,100) W Net cash provided by noncaphal financing activilles 1,123,045 35,2D3,219 36.326.264 33,216,261 Cash floes ham capital and related financing activities: Capital facilities capacily charges - 15,804,050 - 15,804,050 8.868.046 AIdillons to property,plant and equipment (14,931,519) (247.670.205) 1,842.726 (260.789.059) (187.577,990) Disposal of property,plant,and equipment - 1,842,725 (1,842,725) - Additional to other slams (68,522) - 08.522 - - Dispoaelofolherassels - 08.622 (68,522) v Interest paid (159,490) (28,009,877) - (29.089,376) (25.926.520) Principal payments on comficales of participation - (12.755.000) - (12,755,0D0) (12,040,000) Proceeds tom certificates of participation issuance - 199,659.470 - 190.850,470 - Centra lea of participation Issuance costs - (481,375) - (484,375) - Proceeds from capital contributes, 9,729.346 9,720,346 7.156.246 W Net man provided(used)by cep tel and related financing activities (5,460.194) (72,244,7501 (77,704,944) (209,822,216) Cash flows from investing activities: ,rl Proceeds from the Bale of Investments - 4.929,113,653 - 4,920.113,653 4,833,824,499 Purchases of Investments - (4,898,529,313) - (4,898.529,313) (4,538,262,824) .. Interest recelved 23,100 12,337,857 12.360,036 14,998,097 Net cash provided(used)by Investing activities 23,100 42.922.197 42,945,306 112,559.772 W Not increase(decrease)In man and cash equivalents - 48,948.975 - 48,948,975 (38,935,361) _ Cash and cash equivalents.beginning of year 70,698,650 70,696,650 107,632,011 Cash and cashequlvalenle,end of year , . E 1185.625 S 70,888.850 Reconciliation of operating loss to net cash provided! by Operating operating losecttias: lw E$ (6,345,834) (5,852,659) $ - $ (11,199,483) It (33,812,716) Adjustments pnis to !by opreconcile operating loos to net cast providetl by operations: - Depreciation and amolizelion 4,878.430 58.064,400 - 60.732.830 53,211,397 1 Sad debt expense (1,862) 47.251 - 45.389 127.055 ICI Other non-upersfing revenues and expenses 94.057 1.413,818 - 1.507.875 1.013.724 (Increase)/decrease in opera ing assets: _. Due from other Revenue Area - (8,594.079) 8.594,979 Accounts receivable (6,398,503) (725.354) - (7,124.857) (1:522.857) Due from other governmental agencies 2.886,970 - - 2.085.970 3133.257 Inventories 16.075 (186.243) (170,168) (216.351) Prepaid and other assets (543.589) (10,181,776) - (10,725,365) 83.657 Increase/(deceaso)in operating liabilities: Accounts payable 417,320 7,028,468 - 7,442.786 386.503 W Accrued expenses (26,765) 1.771,217 1,744.432 1.368,039 Due to ether Revenue Area 8.594,979 - (8,594,979) - _Retentions payable 188.457 3,273.961 3.462.460 2,430,185 Arbitrage payable (918,6D0) - (918ADD) 315,390 Compensated absences (34,127) (17.239) - (51,386) 905.049 Claims and judgments (10,578) (39,780) (503581 (171,541) _ Net cash provided by operations $ 4.314 NO E 13,088.309 $ - E 4],382.399 $ 2].110.522 Noncash Activities' Unrealized gain(Idea)an the fair value of investments $ - E (870,177) $ - $ (870,177) $ 562.322 — NeldisposalofassetsWthnocasheffect (40.309) (2,326,570) - (2,368.888) (1,816,697) Cedificates of participation Issuance coat-undmwdiers fee (140,530) - (140.530) - `I Capital contributions from other agencies 7.628,801 - - 7,628.801 36 r r r r r OCSD Statistical Section w w 4 w r r r r d ORANGE COUNTY SANITATION DISTRICT STATISTICAL SECTION r This part of the comprehensive annual financial report of the Orange County Sanitation District o+ (OCSD) presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about OCSD's overall financial health. r r Contents Paces Financial Position and Trends These schedules contain current and trend information to help the reader understand OCSD's financial position and how OCSD's financial performance and well-being have changed over time. 38-42 Revenue Capacity These schedules contain information to help the reader assess OCSD's most r significant revenue source of sewer service fees. 43-45 Debt Capacity r These schedules present information to help the reader assess the affordability of OCSD's current levels of outstanding debt and OCSD's ability to issue additional debt in the future. All of OCSD's debt is recorded in a proprietary fund; consequently, 46-49 many of the schedules which are applicable to governmental funds are not presented. r Operating Information These schedules contain data to help the reader understand how the information in OCSD's financial report relates to the services it provides and the activities it performs. 50-53 Demographic and Economic Factors These schedules offer demographic information to help the reader understand the environment within which OCSD's financial activities take place. 54-57 r r r r 37 r ORANGE COUNTY SANITATION DISTRICT Net Assets by Component w (Dollars in Thousands) Last Six Fiscal Years(Note 1) - $1,200,000 _. $1,000,000 8600,000 ' 000 moo $600,000 $400,000 $200,000 $0 2000-01 2001-02 20W-03 20034 2004�05 2005-OG OUnrestdcled ■Restricted for Debt Service&Capital Acquisilion D Invested In Capital Assets,Net of Related Debt Invested in Restricted for Capital Assets, Debt Service Net of Related &Capital Fiscal Year Debt Acquisition Unrestricted Total Net Assets 2000-01 $463,935 $36,468 $446,558 $ 946,961 2001-02 501,997 36.070 435.906 973,973 -- 2002-03 578,647 35,182 396,518 1,010,347 2003-04 418,267 88,519 517,346 1,024,132 2004-05 558,391 64,514 418,342 1,041,247 _ 2005-06 560.977 106,086 422,036 1,089,099 w Note 1: Net Assets are calculated as a result of GASS 34, which was implemented in FY 2001-2, retrospective to 2000-01. Ten years data will eventually be presented as data is - accumulated. Source:Orange County Sanitation District's Accounting Division. r 38 ORANGE COUNTY SANITATION DISTRICT Revenues and Gross Capital Contributions by Source (Dollars in Thousands) Last Ten Fiscal Years w $165,172 w $141.676 $117.950 $94,384 w $70,788- - $47,192- $23.596 - - - -- - - _ - - - $0- 1996-97 T 1997-98 199&99 1999.00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 OOpenting Revenue ■Non-OperaBrg Revenue ■Cant4bWt Capital Capacity Operating Revenue Non-Operating Revenue Rights 8 Permit$ Cap.Facilities Total Capital Fiscal Service Inspection Total Property Capacity Non- Contrils Year Charges Fees Operating Taxes Interest Charges Other Operating utions w 1996-97 $ 62,271 $ 258 $ 62,529 $ 28.193 $ 20,958 $ 9,687 $ 3,390 $ 62,228 $ 12,876 1997-98 55,962 329 56,291 31,287 27,897 11,251 3,283 73,718 - 1998-99 69.453 423 69,876 32,836 17,944 8,751 3,332 62,863 141 1999410 81,241 396 81,637 35,557 20,836 7,867 2,573 66,833 4,589 2000-01 12,566 688 73,254 38,411 39.868 7,332 1.835 87,446 1,271 2001-02 79.609 396 80,005 41,140 28.073 10.560 2.202 81.975 8,603 w 2002-03 88.640 524 89,164 44,591 25,889 10,146 706 81,332 3,166 2003-04 101,995 332 102,327 46,943 6.786 8,998 928 63.655 9,245 2004-05 120.917 498 121,415 35,764 16,118 9,814 1,051 61.747 9,536 2005-06 164,291 874 155,165 39,958 10,426 15,632 3.477 69.493 17,358 Source: Orange County Sanitation Districts Accounting Division. 39 ORANGE COUNTY SANITATION DISTRICT Expenses by Type r (Dollars in Thousands) Last Ten Fiscal Years -- r $170,000 _ r $160,000 $1501000 $140,000 $130,000 $120,000 $110,000 $100,000 $90,000 $80,000 y $70,000 $60,000 $60,000 y $40,000 $30,000 $20.000 $101000 r $0 1996-97 1997-98 1998-99 1999.00 2000-01 2001.02 2002-03 2003-04 2004.05 2005-06 ■Operating Ex,ense 0 Non Operating Expense r Operating Non-Operating Fiscal Personal Maint& Depr& Total Interest Total Non- We Year Services Utilities Other Amort Operating Expense Other(l) Operating _. 1996-97 $ 31.523 $ 3,744 $ 19.176 $ 35.284 $ 89,727 $ 21,237 $ 1,497 $ 22,734 1997-98 28.725 3,328 17,812 35,841 85,706 19,232 1.330 20,562 of 1998-99 28,809 3,320 22.546 42,492 97,167 18,359 70 18.429 _ 1999-00 33.581 3,621 22,213 36,383 95,798 18,151 23.073 41,224 2000-01 33,734 5,524 23.062 44.188 106.608 17,923 88 18,011 We 2001-02 35.629 4.967 27,967 46,990 115,553 14.406 7,609 22,015 2002-03 38.733 4,622 36,314 43,694 123,363 12,731 1,194 13,925 - 2003-04 48,711 5.408 41,284 46.118 141,521 15,524 4.396 19.920 rr 2004-05 53,048 6,473 42.325 53,211 165,067 17,470 3,056 20,526 2005-06 53,246 7,563 44,823 60.733 166.365 20.078 7,721 27,799 r Notes (1) - For FY 1999410, Other Non-Operating Expense includes $22,994,647 for the loss on investment in the Orange County Investment Pool. r Source: Orange County Sanitation District's Accounting Division. 40 r ORANGE COUNTY SANITATION DISTRICT Change in Net Assets (Dollars in Thousands) Last Six Fiscal Years(Note 1) $1,100,000 $1,050,000 $1.000.000 $950,00011 $900,000 $850,000 _-_ 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 Ending Net Assets by Fiscal Year Fiscal Total Total Change m Beginning Ending Year Revenues Expenses Net Assets Net Assets Net Assets 2000-01 $ 161,971 $ 133,543 $ 28,428 $ 918,533 $ 946.961 2001-02 164.580 137,568 27,012 946.961 973.973 2002-03 173,662 137,288 36,374 973,973 1,010,347 2003-04 175.226 161,441 13,785 1.010.347 1,024,132 2004-05 192,698 175,583 17,115 1,024,132 1,041,247 2005-06 242.016 194,164 47,852 1,041.247 1.089,099 Note 1: Net Assets are calculated as a result of GASB 34,which was implemented in FY 2001-02,retrospective to 2000-01. Ten years information will eventually be presented as data is accumulated. Source:Orange County Sanitation Distriefs Accounting Division. 41 ORANGE COUNTY SANITATION DISTRICT _ Cash and Investment Reserve Balances (Dollars in Millions) Last Ten Fiscal Years — Capital Debt - Cash Flow Self- Improvement Service Fiscal Year Contingency Insurance Program Requirements Total 1996-07 $ 39 $ 82 $ 195 $ 60 $376 - 1997-98 63 89 188 33 373 1998-99 56 64 233 33 376 °Y 1999-00 60 57 284 32 433 ._ 2000-01 77 56 311 33 477 2001-02 70 57 303 35 465 LW 2002-03 100 57 237 33 427 2003-04 71 57 390 88 606 2004-05 108 57 242 65 472 V 2005-06 92 57 257 84 490 L Notes: The Cash Flow Contingency Reserve is to fund operations,maintenance,and certificates of participation debt service expenses for the first half of the fiscal year,prior to the receipt of the first installment of the property tax allocation and sewer service user fees. The Self-Insurance Reserve is to provide requirements for property damage Including fire,Flood and earthquake,general liability and workers'compensation. - The Capital Improvement Program Reserve is to fund annual increments of the capital improvement program with a target W level at one half of the average annual capital improvement program through the year 2020. The Debt Service Required Reserves are monies held and controlled by a trustee pursuant to the provisions of certificates of participation issues, and the monies are not available for the general needs of the District. V Source: Orange County Sanitation District's Accounting Division. V y 42 W w ORANGE COUNTY SANITATION DISTRICT Sewer Service Fees Single Family Residence Rate Last Seven Fiscal Years and Ne#Fiscal Year(Note 1) Sewer service fees are comprised of three categories: residential customers, commercial customers, and industrial customers. Although the majority of sewer service fee revenues are from residential and commercial customers (see the schedule of Number of Accounts and Revenues by Customer Class), the fee paid by each w residential and commercial customer is less than the Individual fees paid by industrial customers. The rates for commercial and industrial customers are derived from the base sewer service fee charged for a single-family residence and are based on the type of business and the strength and volume of waste that is discharged into the sewer system. Due to the compleldty of the rate structure for commercial and industrial customers and since !' the rates are derivatives of the single-family residence rate, only the single-family residence rate is presented within the statistical section. 4e Sewer Service Fiscal Year Charge 1999-00 $ 81.02 2000-01 78.00 2D01-02 80.00 2002-03 87.50 2003-04 100.00 2004-05 115.00 200546 151.00 2006-07 165.80 w Note 1: Prior to FY 1909/00, the District was comprised of nine separate Dishicts, and each District had their own rate. Data on the DistdcPs single rate will be compiled and will be added to this schedule until ten year's accumulated data is available. re w Annual Sewer Service Fees Single Family Residence 180 .._.__._._—...._....._._... .__._.-._..._.._.__... _. __._.__.__.....—.____—.___ 160 140 m 120100 -- w z 60 ___60 m r� 40 - - 20 w 0 1999-00 200e01 2001-02 2002-03 200304 2004-06 2005.06 2006-07 Fusel Yw r w Source: Orange County Sanitation District's Accounting Division. r 43 w ORANGE COUNTY SANITATION DISTRICT Number of Accounts and Revenues by Customer Class (Dollars in Millions) Last Ten Fiscal Years Residential/Commercial Industrial Number of Total Percentage Total Percentage Equivalent Sewer Svc. of Sewer Number of Sewer Svc. of Sewer Single-Family Charge Service Charge Customer Charge Service Charge Fiscal Year Dwellings Revenue Revenues Accounts Revenue Revenues 1996-97 814,001 $66.2 92% 869 $6.0 8% 1997-98 851,770 62.2 92% 678 5.7 8% 1998-99 882,103 01.6 89% 678 7.8 11% 1999-00 919,072 72.0 89% 649 9.1 11% 2000-01 883,603 64.5 91% 596 6.6 9% 2001-02 898,031 70.3 90% 573 7.5 10% 2002-03 897,757 77.0 92% 603 6.3 8% 2003-04 860,156 86.0 92% 530 7.5 8% 2004-05 860,634 99.0 90% 568 10.5 10% _ 2005-06 872,859 132.0 92% 557 12.2 8% $160.000,000 $140.000.000 $120.000,000 $100.000.000 580,000.000 - $60,000,000 - - $40,000,000 $20.000.000 - $0 1996-97 1997-98 199849 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 r 111IResldentia6Commerclel Users ■Industrial User . - r r Source:Orange County Sanitation District's Accounting Division. M 44 r e ORANGE COUNTY SANITATION DISTRICT r Principal Sewer Service Customers For the Current Fiscal Year and Nine Years Ago ti Fiscal Year Ended 6/30106 Fiscal Year Ended 6/30197 Industrial Industrial Pennittee %to Total Permittee %to Total vy Service Service Charge Service Service Charge User Charges Rank Revenue Charges Rank Revenue 19mberiy-Clark Worldwide, Inc. $948,680 1 0.61% $382,472 1 0.59% MCP Foods, Inc. 875,884 2 0.57% $141,752 9 0,22% Alstyle Apparel-A&G Inc. 845.474 3 0.55% Stremicks Heritage Foods, LLC 694,946 4 0.45% Disneland Resort 676,876 5 0.44% 147,493 8 0.23% Nor-Cal Beverage Co.lnc. 574,081 6 0.37% Disneyland Resort—DCA 534,899 7 0.35% House Foods America Corp. 480,413 8 0.31% r. Van Law Food Products, Inc. 374,478 9 024% Pepsi-Cola Bottling Group 326,180 10 0.21% 165.867 6 0.26% Hunt-Wesson, Inc. 294,896 2 0.45% s Shell Western E&P 132,893 10 0.20% Manne Corps Air Station 222,476 4 0.34% Sundor Brands 231,630 3 0.36% Cora Cola Foods 179,781 5 0.281). Favorite Foods 150,067 7 0.23% $6,331,911 4.10% $2,049,327 3.16% w Although the majority of sewer service fee revenues are from residential and commercial customers(see the schedule of Number of Accounts and Revenues by Customer Class), the fee paid by each residential and commercial customer is less than the individual fees paid by industrial customers.Consequently, this schedule shows the largest sewer service fee customers. A Source: Orange County Sanitation District's Accounting Division. r e+ 45 e ORANGE COUNTY SANITATION DISTRICT Ratio of Annual Debt Service to Total Expenses _ (Dollars in Thousands) Last Ten Fiscal Years 70.0% r e0.0% 50.0% 40.0% r 30.0% 20.0% r 10.0% 0.0% 10897 18e748 1898- INMO 2000-01 2001-02 200243 200344 2004A6 200546 Ratio of Debt Total Service to Total Fiscal Principal Total Debt Operating Operating Year (1) interest Service(3) Expenses(2) Expenses 1996-97 $ 10,680 $ 20,463 $ 31,143 $ 54,443 57.20% 1997-98 11,320 20,008 31,328 49,865 62.83 r 1998-99 12,120 18,475 30,595 54,675 55.96 _ 1999-00 12,880 17,169 30,049 59,415 50.57 2000-01 13,790 16,690 30.480 62,320 48.91 2001-02 10,370 13,051 23.421 68,563 34.16 - - 2002-03 11.025 11,433 22,458 79,669 28.19 _ 2003-04 11,610 22,508 34,118 95,403 35.76 2004-05 12,040 25,871 37,911 101,846 37.22 " 2005-06 12,755 19,636 32,391 105,632 30.66 r Notes (1)-Excludes principal reductions due to advanced refunding. (2)-Excludes depreciation and amortization expense. r (3)-All debt consists of certificates of participation. r Source:Orange County Sanitation District's Accounting Division. r r 46 ORANGE COUNTY SANITATION DISTRICT Debt Coverage Ratios (Dollars in Millions) Last Eight Fiscal Years(Note 1) The Orange County Sanitation District has no legal debt limits as imposed by State legislation. The District does have contractual covenants within the existing Certificates of Participation indenture agreements which require minimum coverage ratios of 1.25. The coverage ratio is calculated as the ratio of net annual revenues available for debt service ^ payments to total annual debt service requirements. 4.50 ^ 4.00 3.50 3.00 2.50 �e 2.00 1.50 1.00 0.50 1998-99 1999-00 200P01 2001-02 2002-03 2003-04 2004-05 2005-06 Fiscal Year Ending June 30, 1999 2000 2001 2002 2003 2004 2005 2006 Operating 8 Non-operating Revenues: Service Charges,Net of Refunds $ 61.6 $ 72.0 $ 64.5 $ 70.3 $ 77.0 $ 86.0 $ 99.0 $ 132.0 .� Industrial Sewer Service Charges 7.8 9.1 6.6 7.5 6.3 T5 10.5 12.2 Revenue Area No. 14 Fees 0.7 2.2 2.0 2.2 3.2 5.8 6.9 5.3 Ad Valorem Taxes 32.8 35.6 38.4 41.1 44.6 46.9 35.8 40.0 ^ Interest Earnings 17.9 20.5 39.4 27.8 25.9 6.8 15.1 10.4 Capital Facilities Capacity Charges 9.5 7.9 7.3 10.6 10.1 9.0 9.8 15.6 Other Revenues 2.4 1.2 2.5 2.5 3.4 4.0 6.1 9.2 Total Revenues 132.7 148.5 160.7 162.0 170.5 166.0 183.2 224.7 Operating Expenses(2) 54.7 59.4 62.3 68.6 79.7 95.4 101.8 105.6 Net Revenues $ 78.0 $ 89.1 $ 98.4 $ 93.4 $ 90.8 $ 70.6 $ 81.4 $ 119.1 Debt Service Requirements Principal Payments 12.1 12.9 13.8 10.4 11.0 11.6 12.0 12.7 Interest Payments 18.5 17.2 16.7 13.0 11.4 22.5 25.9 19.6 Total Debt Service Requirements $ 30.6 $ 30.1 $ 30.5 $ 23.4 $ 22.4 $ 34.1 $ 37.9 $ 32.3 Coverage Ratios 2.55 2.96 3.23 3.99 4.05 2.07 2.15 3.69 Ending Reserves(3) $ 343.0 $ 401.0 $ 444.0 $ 430.0 $ 394.0 $ 518.0 $ 407.0 $ 406.0 Notes (1)-Ten years data will eventually be presented as data is accumulated. ^„ (2)-Operating expenses exclude depreciation and amort¢ation expenses. (3)-Ending reserve balances exclude monies in debt service funds. Source: Orange County Sanitation Districts Accounting Division. 47 ORANGE COUNTY SANITATION DISTRICT `.! Computation of Direct and Overlapping Debt June 30, 2006 'L W05416 AsssMd Vflwtion(land&Imamvemenis Only): 5215,584,99L943(alter dexhi 526365.(03329,adePolopmenl Incremental Valuations) OVERLAPPING TAX AND ASSESSMENT DEBT(Exact on rttlmeloleand 4mic l all propmy uxesd vallw1on ofSZ!1.268,I 114.347y Total Gets District's sm.of W1N06 %AmlleiNe it Deb,6/30,86 Omp County Tesler Pan Obliymona SI231325.000 71.832% S 8kV4,142 Melmpolils Woir Distdetof Southem Califmnin 3891565.000 15.119 58,898332 Caen Community College Mandel 10_718,867 99.325 102.230,952 - NonbOnnga County telex Colmnwly Calkge D'uldcl 242344,001 96.872 nal,666.609 Rancho scantiest,Commwhy Coikp Dbldct 210,699,166 98.40 2WIN6,591 y Bm-0Bnde and L,,m Beach UWW School Dcarku 61,504,029 99d58A 10.973 29,019,936 Newpml Mass Unload Ssayut Dinret 104,7701000 100.000 104,770,000 Pbpm4-Vorm LIMO Unified Sc wool District 97.00.50 98.689 95,793.033 - - Sedi leback Valley Unload School District 94,120.000 11.256 10,594,143 Senor Am Unified School Dbldct LU,92,),IBT 100.000. 135.928,189 Testin Unified School DbMct Bel o,1 Facilities Inepre.at District N.2002-1 28.61114.947 98.844 211353.349 Ambeim Union High School DbWcl 128.306,955 100.000 128.308,955 Fulleno Joint UMon High School Dii 63.232010 90,440 52,189,1144 . . HiwkBon Boom Union High&lays!District 201,458,394 99.013 202.4413,386 ScMol Disdci 200.968.685 93.608.100. 200.236.993 ClryofAmhNm 6,100,000 99.100 6,IIg430 V IMP Beach Wow Daskt Isolaovemem Ulskta 160.50llew Various 160.422,350 Rassmp Commwiry Services DaTct Spccal Tex Oblignkm 113.000 100.000 715,000 _ BONm C4mon ConmwNy FmilOks Diana No.96-1 43,615,000 100.000 43.615,000 1Mm UMfled school District Community Facilities Dishkla 233.243,000 100.000 2'r1,245,000 Timm Unified School DBWs Camnwiy Facilities District No,86-1 and 97-1 161,322.675 100.000 161,322.675 V Oess,p Cony Community Facilities Dindet No.894 66,534,537 99.994 (A333,433 ONer Conmmalty Ftwlitks Distdces 238,150AN Verbus 298,039,2% - Oraage Coot'Aso mml Dcarici 115,918395 100.000 119,9111,2911 City of1M.1915 Act Bonds 735,464,I69 100.000 735.4W,169 Co ofTSBla 1915 Act Bonds 59.0391000 100.000 59,0"Joiss isl O 1915 Act bonds 23.508.000 100.000 37.502 0D TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT $3,616.135.561 DIRECT A"OVERLAPPING GENERAL FUND BE Orange Count'General Fund Obliplions 5630,022,000 71.932% S 452,359,403 V Oreap Cony Pcmbnobliptkm 99,316,298 01.832 71.08,211 Orange Cowry Board crameaden Cenifiadles of Peniclpolion 19.820,000 71.932 14.237,103 Orslp Cony Tremh District Amhedy 2,470,000 11.832 1,Tf4AX) - CoenCommedy Collate District CeniEntes of9enkiptkn 6.6951000 99.525 6.663,199 SouN Owes Covey Cora W Celkp Deseret Cenined.of Fdow,olon 38,)90,W) .MASS 13,380,611 i1 Bore-OIIMO UnI6ad seimei Olmkl cwilwss orpeow,xiion 31,560A00 9T.858 30,883,985 �r Ones,Unload School Di Cenlncam orp.,, cam 51,9wow 96.329 50340,388 Plamnila-Vona LIMO Unified&met Dietrkt Caainwles afPanklption 86.860315 99.09 85=,V6 -' sore Ave Unified Sclnal DbMcl Certificates of Pontelpiinn 41,699,7 I1 100.000 44,699,311 Dow Unload ScMol locales Ceniflslw of Pankipelion 23323.939 Vakus 25,060.1R UNon High Somali Macias CenlOcasa of Fenkiptmn 68933p00 various 59.508.612 School Dbldct Cenaflwtes of Pankiption 63.19500 VmMs 62,899,163 ChyofAcoman Gnwal Find Obdpllos 656,280,068 lai 650,33E.520 Coy ofFullecon Gesesl Food Oblipllop 32.3M.993 100.000 3;330,993 C"I'Huralloo Beach Gmml Fund and lMpood Obllgeliois 85.2n.910 99.110 85,206,499 �61 Cary oftmo,General Fond Obliptiom 39,190,000 100.000 37,I30.000 City often n Am Genc e!Fund Oblipoons 128,149.066 100.000 128.149.066 00ayr City General Fund Obliptions 210,065, 5 Vaio,R I910,668.898 -- Ome,e Count,Somali.Dbldct Cenlfleatw of Pord<Iptkn IM330,000 100.000 130370,000 Ii Rash Wow Dbtricl CmiOeAes ofPmkapation M,2 pat, 89.IM 3914011648 u Mwkapel Weer Dead.ofOria,Cowry Watt Facilkiw Comowkn 28,205,000 NW IB,"41.9W Vorbn LlM.County Wow Dlwkl CMlnestea or ddptkn 10,295,000 92.693 10,038,367 Owtp Cowry Fine Amhmly 16,6m.wo 49.823 9,305A94 TOTAL GROSS OVERLAPPING GENERAL FUND DEBT S2,240.022,2)) Less: Gage Cowl,Tmush Dbldct AWhody(80%selff suppning) 1.419.41M City of Anemias MYsuppnbs oblipllons 620,579,172 sus' Oliver City Mir suppdin8 obligations 9.094.149 MWDOC Wow Facilities Comorobn(10094 met swming) 18.774946 _ T'OI'AL NET OVERLAPPING GFNEML FUND DEBT $1390.20511 Is GROSS COMBINED TOTAL DEBT SSA56,208338 (2) 1sl NET COMBINED TOTAL DEBT S3,206,M(1,6)9 (2) PesmipofnmbpinBagenc3ra radewlopmem adjuwed ellpawt de nt,mWealotkn lS221.268.I nd.Ni)koakdiidlkbowtlem able sand, . 131 EnclMw ma antl rave9p mlkipdw maw,entemrbc rcvcnus,,onpp rNCnp endmalbwbn bsndaend non-banded wphel lose abligetbro. Ratio,to Tole!OveMesm TaaaM Aaaeam,ml Dent Game Canbdrd Tail Dead Net Combined Tehl Dent V Land and lmpmvenaynl Assessd Volustian ISMS 2.72% 2.41% All Pmpw,y Assomad Volwdon N/A 2.65% 2.35% S17ATE SCHOOL BUILD 5948,026 isl SOaee:Celifomio Municipal 34tdlics W 48 w r•J ORANGE COUNTY SANITATION DISTRICT .� Ratios of Outstanding Debt Last Ten Fiscal Years ti (5) Debt as a Total (3) Percentage 10 Outstanding Median of Median (4) Debt Fiscal COP Family Family Population per Year Debt Income(1) Income Estimate(2) Capita Id 1996-97 $ 397,545.000 $ 59,629 0.015% 2,289,500 $ 173.64 1997-98 366,240,000 61,812 0.016% 2,340,000 165.06 r 1998-99 374,135,000 63,478 0,017% 2.386,375 166.78 1999-00 381,265,000 69,310 0.019% 2,213,825 183.17 2000-01 386,370,000 70,577 0.018% 2,400,425 160.96 we 2001-02 376,000.000 72,998 0.019% 2,336,400 160.93 2002-03 364,975,000 73,572 0.020% 2,408,050 151.56 2003-04 633,365,000 76,206 0.012% 2,441,350 259.43 1" 2004.05 621,325,000 79,160 0.013% 2,467,850 251.77 2005-06 808,570,000 83,924 (a) 0.010% 2,481,540 325.83 Notes&Data Sources (1)-Data is for the entire County of Orange. r (2)-Data is for the estimated population served by the Orange County Sanitation District. (3)-Data Source:Center for Economic Research,Chapman University. (4)-Data Source: Demographic Research Unit,California Department of Finance. ,,. (6)-Data Source: Orange County Sanitation District. (6)-Forecasted number. r r r r r r r 49 r V ORANGE COUNTY SANITATION DISTRICT '- Comparison of the Volume of Wastewater Treated Li With Revenues and Expenses Last Ten Fiscal Years - Millions of L Gallons of Collection, Waste- Treatment water 8 Disposal Total Total Total Total LW Treated Cost per Operating Non-Operating Operating Non-Operating Fiscal Per Million Costs Costs Revenues Revenues Year Day Gallons (In Thousands) (In Thousands) (in Thousands) (In Thousands) 1996-97 244 610.54 $ 89.727 $ 22,734 $ 62,629 $ 62,228 Ir 1997-98 254 534.45 85,706 20,562 56,291 73,718 - 1998-99 241 580.06 97,167 18,429 69,876 62,863 b 1999-00 241 620.42 95,798 41,224 81,637 66,833 2000-01 24e 647.46 106,608 18,011 73,254 87,44e - 2001-02 234 794.05 115,553 22,015 80,005 81,975 it 2002-03 239 880.25 123,363 13,925 89,164 81.332 2003-04 238 1,088.43 141,521 19,920 102,327 63.655 2004-05 243 1,095.79 155,057 20,526 121,415 61,747 W 2005-06 235 1,216.77 166,365 27.799 155,165 69,493 r An Interim Strategic Plan Update to the year 2020 was completed in September 2002 that projects wastewater treatment flows to Increase to 284 millions of gallons per day(mgd)in 2010,to 302 mgd in 2015,and to 321 mgd in the year 2020. In order to manage the anticipated increase In wastewater flows,the District has Identified a$2.4 billion capital expansion plan through 2020. Total expenses in FY 2005-06 Increased$81.7 million,or 72.7 percent since FY 1996-97,primarily as a result of(1)the u expected increase in wastewater flows,(2)OCSD's decision beginning in FY 2002-03 to maximize existing secondary treatment facilities as OCSD moves from a 50150 mix of primary and secondary effluent treatment to meeting secondary treatment standards by December 31,2012,and(3)OCSD's decision to eliminate most bacteria from the ocean ouffall discharge by disinfecting the effluent beginning in FY 2002-03 at an additional cost in chemicals of$7 million annually. Depreciation expense represents 31 percent of the increase as a result of the previous expansion in capital facilities and the financing associated with the expansion. Maintenance,chemicals,udiftles,and other operating costs represent another 27 percent of the Increase,primarily due to the Increase In the levels of treatment referred to above. In FY 2005. 06, personnel expenses rose 0A percent over the prior year. This Increase Is mainly due to the additional 15 full-time equivalent positions authorized In FY 2005-ft As depicted from the chart above,actual wastewater treatment flows have consistently remained between 234 mgd and 244 mgd,other than in FY 1997-98 which reached a high of 254 mgd and In FY 2000-01 which reached 246 mgd. Due to normal weather conditions during the year, FY 2005-06 had flows of 235 mgd. �+ L Source: Orange County Sanitation District. L 1�0 50 I.J W w ORANGE COUNTY SANITATION DISTRICT .. Authorized Full-time Equivalents by Function Last Ten Fiscal Years 350 w 300 w 250 200 w 160 100 w 50 0. 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 O General Management ■Finance ❑Human Resources OTechnicel Services ■Engineering _ ■Operations and Maintenance ■Information Technologies _ ■Regional Assets&Services Fiscal Year Ending June 30, 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 General Management 18 16 15 13 12 17 17 17 17 2 Finance 41 39 38 37 37 39 39 40 45 50 Human Resources 17 18 17 17 18 19 28 32 34 50 Technical Services 104 100 93 88 87 95 94 100 112 114 Engineering 73 72 67 75 73 104 79 80 95 99 Operations and Maintenance 342 289 286 255 250 261 272 285 282 222 Information Technologies 21 26 26 33 33 39 40 44 44 45 Regional Assets&Services - - - - - - - - - 62 Total FTE's 616 560 542 518 510 574 569 598 629 644 Source: Orange County Sanitation District's Accounting Division. 51 w ORANGE COUNTY SANITATION DISTRICT Biosolids Produced _ Last Ten Fiscal Years 55,000 - 50.000 45.000 40.000 35,000 r 30.000 25.000 20,000 M 1996.97 ■1997-98 01998-99 01999.00 ■2000-01 11112001-02 02002-03 ®2003-04 02004-05 ■2005-06 r Fiscal Year Tonnage 1996-97 39,386 r 1997-98 42,645 1998-99 41,127 r 1999-00 42,831 2000-01 42,254 2001-02 42,505 2002-03 47,831 2003-04 60,619 r 2004-05 51,700 2005-06 49,554 r r Source: Orange County Sanitation District's Environmental Assessment Division. 52 ORANGE COUNTY SANITATION DISTRICT Capital Asset Statistics Last Ten Fiscal Years Mlles of Number Primary Secondary Trunk& of Treatment Treatment Fiscal Subtrunk Pump Capacity Capacity �y Year Sewers Stations (1) (1) 1996-97 650 22 294 156 1997-98 650 22 276 166 1998-99 650 22 276 200 1999-00 650 20 276 200 2000-01 650 20 266 200 2001-02 650 20 276 200 2002-03 650 20 276 200 2003-04 650 20 276 170 2004-05 620 18 306 170 2005-06 584 16 366 200 w Notes (1)-Capacity is presented as million gallons treated per day. r ti a. r r r Source: Orange County Sanitation District r 53 d W ORANGE COUNTY SANITATION DISTRICT Demographic Statistics 6d Covenng The Entire County of Orange(1) Last Ten Fiscal Years u Total (4) (5) (2) Personal Per Capita Median Public (6) Fiscal Population Income Personal Family School Unemployment Year Estimates (in thousands) Income Income Enrollment Rate 199E-97 2,632.000 $ 83,635,392 (3) $ 31,776 $ 59,629 443,000 3.2% V 1997-98 2,615,000 90,579,927 (3) 34,639 61,812 458,000 2.9% 1998-99 2,776,000 96.288,099 (3) 34,686 63,478 471,000 2.6% 1999-00 2,828,000 106,003,904 (3) 37,484 69,310 483,000 2.9% 2000-01 2.880,000 109,010,278 (3) 37,851 70,577 494,000 3.0% - 2001-02 2,940,000 111.750,300 (41 38,010 72,998 503.000 4.1% 2002-03 2,979,000 116,997,800 (4) 39,274 73,572 512,000 4.0% W 2003-04 3,017,000 124,853.700 14) 41,383 76,206 517,000 3.6% 2004-05 3,047,000 133,332,800 (4) 43,759 79,160 514,000 3.9% 2005-06 3,072,000 142,010,700 (4),(7) 46.227 83,924 (7) 510,114 3.7% W u Notes and Data Sources (1) - The Orange County Sanitation District services 471 square miles a 59% of the total 799 square miles that "- make up the boundaries of the County of Orange. (2)-Data Source: Demographic Research Unit, California Department of Finance. (3)-Data Source: Bureau of Economic Analysis, U.S. Department of Commerce L' (4)-Data Source:Anderson Center for Economic Research, Chapman University. (5)-Data Source: California Department of Education, Educational Demographics Unit. (6)-Data Source: State of California, Employment Development Department as of June 30 of each fiscal year. 'v (7)- Forecasted number. - 6. W W 54 W ORANGE COUNTY SANITATION DISTRICT Estimated Populations Served by the Orange County Sanitation District June 30, 2006 Population as of January 1,2006 Anaheim 342,410 Brea 39,560 Buena Park 81,350 Costa Mesa 113,130 .. Cypress 48,850 Fountain Valley 57,410 Fullerton 136.430 r Garden Grove 171,770 Huntington Beach 201,000 Irvine 193,790 La Habra 61,790 La Palma 16,080 Los Alamitos 12,000 Newport Beach 83,360 Orange 137,800 Placentia 51,240 Santa Ana 351,320 Seal Beach 25,300 Stanton 38,760 Tustin 71,T70 Villa Park 6,220 Westminister 92,410 Yorba Linda 66,790 Subtotal City it) 2,400,640 Estimated Population Served in Unincorporated Areas(2) 81,000 ^ 2.481,540 Data Sources: (1) Demographic Research Unit, California Department of Finance. (2)Orange County Sanitation District Accounting Division. 55 e W ORANGE COUNTY SANITATION DISTRICT Distribution of Jobs Throughout the Entire County(1) �+ Most Recent Four Years(2) u Industry Number of Jobs 2004 2003 2002 2001 - Farm employment 5,593 7,188 7,226 6,657 Forestry, fishing, and related activities 3.228 2,231 1,964 2,177 Mining 2,358 2,181 1,900 2,265 - - Utilities 5,558 5,259 3,732 3,650 Construction 118,608 108,638 103,069 105,596 r Manufacturing 195,395 193,854 203,278 222,347 Wholesale trade 98.356 98,705 95,583 98,397 Retail trade 197,199 197,578 193,505 192,436 u Transportation and warehousing 32,926 31,971 32,576 33,904 Information 39,404 40,397 42,610 47,750 Finance and insurance 139,531 128,304 115,684 112,248 Real estate and rental and leasing 116,008 109.132 101.130 98,328 Professional and technical services 170,919 168,005 163,632 164,297 Management of companies and enterprises 31,817 35.809 38,137 41,654 iw Administrative and waste services 162,737 159,867 157,878 147,597 Educational services 29,979 28,845 24,926 23,974 Health care and social assistance 140,219 134,767 128,265 124,898 Arts, entertainment, and recreation 54,251 54,257 55,209 55,301 Accommodation and food services 138,830 133,362 128,626 127,415 Other services, except public administration 106,275 103,779 102,770 99,904 V Federal, civilian 11,836 11.865 11,594 11,747 Military 6,067 6.288 6,323 6,136 State government 25,092 24,904 24,478 23,202 6w Local government 115,564 116,462 122,128 118,955 Total Jobs 1,947,750 1,903,648 1,866,223 1,870,835 Notes W (1) -The Orange County Sanitation District services 471 square miles or 59%of the total 799 square miles that make up the boundaries of the County of Orange. -- u (2) -Available data is two years behind the District's fiscal year-end. Prior to 2001, the data is available in a non-comparable format. As data is accumulated, this information will be provided for the current year - and for the previous nine years. W u v Source: Bureau of Economic Analysis, U.S. Department of Commerce W 56 C ORANGE COUNTY SANITATION DISTRICT Miscellaneous Statistics June 30, 2006 District Organization: The Orange County Sanitation District is one consolidated district made up of two revenue areas which service unincorporated county areas and twenty-three cities and related special districts, as follows: Consolidated Revenue Area County of Orange(unincorporated areas) Cities: Anaheim Huntington Beach Santa Ana Brea Irvine Seal Beach Buena Park La Habra Stanton Costa Mesa Ls Palma Tustin Cypress Los Alamitos Villa Park Fountain Valley Newport Beach Westminster Fullerton Orange Yorba Linda Garden Grove Placentia .. Special Districts: Midway City Sanitary District _ Costa Mesa Sanitary District Revenue Area No. 14 County of Orange (unincorporated areas) Cities: twine Orange Tustin r Special District: Irvine Ranch Water District Governing Body: 25-member Board of Directors Authorized Full-Time Equivalent Employees: 644 Operational Date: July 1, 1954 Authority: California Health & Safety Code Section 4700 at. seq. Services: Wastewater collection, treatment, and disposal Service Area: 479 square miles Population Served: 2.5 million r Total Miles of Beware (including force mains): 584 miles Number of Pumping Stations: 16 r Wastewater System Treatment Capacities(Million Gallons per Day) Existing Primary Existing Secondary Planned Secondary Actual Flows Treatment Capacity Treatment Capacity Capacity by 2020 r Plant 1 87 198 110 170 Plant 2 148 168 90 150 Total 2(2s1 324 r Source: Orange County Sanitation District's Accounting Division. r 57 e Ll U (THIS PAGE INTENTIONALLY LEFT BLANK) I IWI IWI �W 'WI IW W u u r OCSD Other Data & Trends Section r r r r r r U U �a U U U U U ____, � o � ., v o. a ORANGE COUNTY SANITATION DISTRICT OTHER DATA&TRENDS Information within this section consists of other data and trends including additional annual disclosures as required by the Sanitation District's Certificates of Participation debt covenants beyond what is allowed to be reported in the Statistical Section. r r r ri u 59 W ORANGE COUNTY SANITIATION DISTRICT Cash and Investment Portfolio as of June 30,2008 Cost Markel Va',w Net Unrsl¢ad GaWLass W shoes Par Base Base of Total Base Investment Portfolio: Cash end Ciotti EOulvol s(U.S,Dollar): Pendln9Tredas f - f (108.806.499.37) f (108,606,4911.37) -2936% f - W Cwificiles m Disao-D ollc 6,400,1300.00 6.399.960.00 6,399,960.00 1.74% - Conmemlm P.m-Dscoum 4,1110.000.00 4,049,477.25 4,049,477.25 1.10% - FadHmLmnBnk-Less Than l Year 16.71)(1.000.00 16.419.944.36 18,419,964.36 4.47% - Federst Hare Loan Mortgage sss Than 1 Yr 10,000,000.00 9,7829e1.11 9.762.081AI 2.65% - lo, FNMA Iswes-Lass Than l Yoar 24,600,000.00 24,373,165.75 24,373,186.75 6.63% - MWollFunds 3,043,407.46 3,043,407.46 3,043,407.45 0.83% - ReouiclusseAgnwlha s 12,100,000.00 12.100.000.00 12100,000.00 3.20% - TnosuryBills-Lens Thzn l Year 6,400,000.00 6.310.035.05 6.310.035.05 1.72% tsJ Subtotal Wa43,407.48 (2e,14B,128.39) (26,146,428.3B) -7.12% Feed Inoxne Secudlles(I US.WW): ASS-Hone Equity 28577.74 26.5P.74 25.583.65 0.01% 6.11 Sankkg 8 Finance 23.750.000.00 23,737,789.60 23731.071.00 &48% (3.719.60) y Collmereltred Manage obligation 1.725.218.51 1,706,468.51 1,705,465.94 0.4e% (IA02.67) FHWC MukkAass 2,804,794.14 2.59,503.11 2,e09,535.69 0.70% (17,967.42) FHLMC Pods 34.357.97 33520.49 35.577.52 0,01% 2.0117.03 FNMA Pods 32.613.366.19 32,650,94T4 31,518,20e.53 8.58% (1.335.740.91) ANMA Rohl. 1,114,202.80 1,088,672.59 1,087,420.68 0.30% (1251.91) ba GNMA Multi Family Pods 2029,31a.35 2.022.423.15 2,054,135.73 0.56% 31,71255 GNMA SIrgo Fmnlly Pads 5,312.41 5.575.51 5.376.80 0.00% (195.74) Industrial 4,400,000.00 4,395,1811.00 4.40D.620.00 1.20% 2,432.00 In0mon Indemd South" 3,421,920.00 3,437,585.80 3295,584.05 0.90% (140.981.74) PVT Plot eme-More Than l Year 752.000.00 825,199.84 629,19)A4 0.22% - Tm.WMon 6100.000.00 800.000.00 79&BT m 0.22% (128.00) U.S.Agencies 105.797,79710 106.317.963.07 11315,643,941.94 28.75% (674.022.03) U.S.Go meets 219.954.T82.24 215,553,529.07 214,766,556.11 58.45% (766,972.96) W Utility-Elmodc 900,000.00 900.000.00 900555.00 0.25% 558.00 SuMmal 403,198,136.85 396,53SW4.85 393,610,655.59 107AM (2,9252W.M) Too lm yro,l Pomolio f 496,511,544.31 370.357.498.49 36/,4W,22B.20 lW00% f (2,925.2W.2fi) Demand Cash Accwrds (2.979250.00) (2,975.259.00) W M..Held With Fiscal A9enls 105.419.357.00 105,419,357.00 Mona with the Local Agency Irwmtment Fund 19.972.686.18 19.936.454.14 Total Cash and Investmols f 492,W1,2B4.84 $ 469,839,781.34 W W 1N W 1� Source: Mellon Trust and the Orange County Sanitation District's Accounting Division. W rn1 Duo W r ORANGE COUNTY SANITATION DISTRICT r Property Tax Rates-Direct and Overlapping Governments Last Ten Fiscal Years r Tax Rate OCSD 1958 OCSD's r General Average Fiscal Basic Obligation Total Share of Year Levy Bonds Tax Rate Basic Levy r 199637 1.00% 0.01% 1.01% 2.80% 1997-98 1.00% 0.01% 1.01% 2.80% 1998-09 1.00% 0.02% 1.02% 2.80% 1999-00 1.00% 0.00% 1.00% 2.80% r 2000-01 1.00% 0.00% 1.00% 2.80% 2001-02 1.00% 0.00% 1.00% 2.80% 2002-03 1.00% 0.00% 1.00% 2.80% 2003-04 1.00% 0.00% 1.00% 2.80% 2004-05 1.00% 0.00% 1.00% 1.60% 2005-06 1.00% 0.00% 1.00% 1.60% r r Notes In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount of assessed value. This 1.00% is shared by all taxing agencies within which the subject property resides. In addition to the 1.00% fixed amount, property owners were charged taxes as a percentage of assessed property values for the payment of OCSD general obligation bonds (which were paid in full in fiscal year 1998-99). r Source: County of Orange Auditor-Controller's Office. r r r r r 61 r ORANGE COUNTY SANITATION DISTRICT Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years vmamom snoaoo. smaaoaoo sin®® m � ra»e swse uw �sawo m000r moan mmm minor rmam mina ■6xvretl Dunsecured _ Percent Change in Fiscal Assessed Year Secured Unsecured Total Value 1996-97 $122.304.000 $3,247,000 $125.551.000 -2.70% 1997A8 125,018.000 3.302.000 128,320.000 2.21% 1996-99 131,295,000 3.394,000 134,689,000 4.96% 19" 142,126,000 3.507,000 145,633,000 8.13% 2000-01 155544,000 3,778,000 159.322.000 9.40% 2001-02 169.357,000 4.066.000 173.423.000 8.65% 2002-03 183,223,000 5,657,000 188.880,000 6.91% 2003-04 197,143,000 4.309,000 201.452,000 6.66% 2004-05 214.529,000 4.743,000 219,272,000 8.85% 2005-06 236.826,573 5.023,423 241,849.996 10.30% In 1978, the voters of the State of California passed Proposition 13 which limited propeM tarts to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an inflation factor which is limited to a mammum increase of 2%. With few exceptions. property is only reassessed at the time that d is sold to a new, owner. Al that point, the new assessed value in reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. Consequently,the assessed and estimated values are the same. Source:Orange County Auditor-Controller's Office. 62 ORANGE COUNTY SANITATION DISTRICT Property Tax and User Fee Levies and Collections (Dollars in Thousands) Last Ten Fiscal Years r $200,00o $180.000 $160,000 $140,000 $120.000 $100.000 $80,000 $60,000 $O.= $20.000 1996-97 1997-M 1998-W 199940 2000-01 2001-02 201)2-03 200344 200"5 2005-06 ❑Total Taxand User Fee Lev, ■Total Tax and User Fee Cdlection Current Total Tax %of Total Tax Tax and Percent of Delln. and User %of Total O/S Delinquen- Fiscal and User ERAF III User Fee Levy quent Fee Collodion Delinquen- cies to Tax Year Fee Levy Deduction Collodion Collected Collection Collection to Levy cies Levy 1996-97 $89.794 $ - $ 89,570 99.75 It 180 $ 89,750 99.95 $ 224 0.25 1997-98 90.589 90,078 99.44 81 90,159 99.53 510 0.56 1998-99 98.557 - 98,267 99.71 74 98,341 99.78 291 0.30 1999-00 107,948 - 107,794 99.86 72 107.866 99.92 154 0.14 2000-01 105,890 - 105,646 99.77 94 105.740 99.86 245 0.23 2001-02 112,419 - 112,087 99.70 83 112,170 99.78 332 0.30 2002-03 122,450 - 122,210 99.80 98 122,308 99.88 241 0.20 2003-04 134.389 - 134,132 99.81 94 134,226 99.88 257 0.19 2004-05 153,187 (16,198) 162,745 99.71 92 152,837 99.77 442 0.29 2005-06 191.711 (16,198) 191,290 99.78 122 191,412 99.84 421 0.22 Source: Orange County Auditor-Controller's Office. 63 W ORANGE COUNTY SANITATION DISTRICT Property Value and Construction ,r Covering The Entire County of Orange Ill (Dollars In Thousands) Last Ten Fiscal Years W Non- Assessed Residential Residential Property Value(2) Constr.(3) Construction(3) Total Fiscal Calendar No.of Construction Year Value Year Value Units Value Value(3) 1996-97 $ 177.300.663 1997 $ 1,079,687 12,251 $2,007,084 $ 3,086,771 W 1997-98 182.284.316 1998 1,529,698 10.101 1,864.084 3,393,782 1998-99 192,625.739 1999 1.614,422 12.348 2.262,492 3,876,914 1999-00 209,136,472 2000 1,762,142 12.367 2,210,775 3,972,917 r 2000-01 228,548,301 2001 1.349,607 8,646 1,905,321 3,254,928 2001-02 248,966,581 2002 1,208,626 12,020 2,328,123 3,536,749 2002-03 269,684,864 2003 1,005,547 9.311 2,076,976 3,082,523 W 2003-04 287,923,828 2004 1.132,848 9.322 2.243,642 3,376,490 2004-05 311,802,395 2005 1,494,759 7,206 2.100,436 3,595,195 2005-06 342,576,859 2006 (4) 1,571,184 6,773 1,956,586 3,527,770 Notes and Data Sources �+ (1) - The Orange County Sanitation District services 471 square miles or 59% of the total 799 square miles that make up the boundaries of the County of Orange. (2)-Data Source-Orange County Auditor-Controllers Office. y (3)-Data Source-'The Chapman University Economic 8 Business Review." W (4)-Forecasted numbers. W W 4/ 64 W ORANGE COUNTY SANITATION DISTRICT Insurance in Farce As of July 1,2006 Type Insurer Deductible Limit All-Risk PropsM Fire and Other Perils Public Entity Property $25.000 per occurrence $1 billionloccurrence Insurance Program Flood Public Entity Property $100,000 per occurrence $175 million/occurrence Insurance Program Earthquake Not Applicable Not Applicable Self-insured Boller& Machinery Lexington Insurance Co.,CNA $25,000 to $100 million/occurrence Insurance Co.,and foreign $350.000 excess insurance companies Employee Dishonesty/ Hartford Fire, National Union $2,5D0 $1 million/loss; Faithful Performancel Fire,and Great American $4 million excess policy Errors &Ommissions Insurance Companies Excess Everest National Insurance $250,000 $25 millionloccurrence General Liability Co.(first$10 million and annual aggregate layer);Traders&Pacific Insurance Company($15 million layer excess$10 million) Travel &Accident Chubb Gmup of Insurance $2,500 Accidental Death& Companies Dismemberment Class 1:Elected Officials; $500,000 per occurrence Class 2: Employees; 10 X annual salary,up to $500,000 per occurrence Excess Workers' ^- Compensation CA Public Entity Insurance $500,000 $200 million each accident, Authority Each Accident each employee Source: Orange County Sanitation District's Risk Management Office. 65 u u u u u u u (THIS PAGE INTENTIONALLY LEFT BLANK) u u u u u u u u as u ORANGE COUNTY SANITATION DISTRICT Finance Department (714) 962-2411 www.ocsd.com 10844 Ellis Avenue Fountain Valley, California 92708-7018 OCSD 6/30/06 • 1 } i 1 pp L` r �f i, IMPROVING OURENVIRONMENT lki ONE MILESTONE AT ATME r oNs .N,T„aN FIRST QUARTER FINANCIAL REPORTS THE E for the Period Ended September 30, 2006 INC NS\o ORANGE COUNTY SANITATION DISTRICT, CALIFORNIA r Table of Contents ExecutiveSummary...................................................................................................I Budget Review r Section 1 — Budget Review Summary.................................................................................1 Section 2 —Operating Budget Review Chart of the Cost per Million Gallons by Department—Budget and Actual.............I Chart of the Net Expenses by Major Category—Budget and Actual.......................1 Divisional Contributions to Gallonage Charge.........................................................2 �r Comparison of Expenses by Department...............................................................3 Summary of Collection, Treatment, and Disposal Expenses by Major Category.....4 r Summary of Major Revenues.................................................................................5 Summary of Collection, Treatment and Disposal Revenues...................................5 Summary of Collection, Treatment, and Disposal Expenses by Line Item..............6 Summary of Collection, Treatment, and Disposal Expenses by Process................8 r Chart of Staffing Trends.........................................................................................9 Section 3—Capital Improvement Program Budget Review r Capital Improvement Program Graphs by Type and Funding Source.....................1 Summary of Capital Improvement Construction Requirements- Current Year.......2 Summary of Capital Improvement Construction Requirements- Project Life .........6 �r Section 4—Capital Facilities & Debt Service Budget Review Capital Facilities Budget Review ............................................................................1 r Debt Service Budget Review..................................................................................1 Section 5 —Self Insurance Budget Review General Liability and Property Fund Budget Review...............................................1 ® Workers' Compensation Fund Budget Review.......................................................2 r Quarterly Treasurer's Reoort........................................................................................1 ,., Quarterly SWAP Repo rt..............................................................................................1 QuarterlyCOP Repo rt.................................................................................................1 r FY 2006-07 First Quarter Financial Report " 6d V This Page Intentionally Left Blank " IJ V y V r V �d r Executive Summary r Consolidated Financial Report For the First Quarter Ended September 30, 2006 Included in this consolidated report are the following quarterly financial reports for the period ended September 30, 2006: • Quarterly Budget Review: The Budget Review Summary provides the Directors, staff, and the general public with a comprehensive overview of the financial results of the Sanitation District r through the quarter ended September 30, 2006. Contained within this Quarterly Budget Review are the budget-to-actual status of the Collections, Treatment & Disposal Operations, the Capital Improvement Program, the Capital Facilities and Debt Service Funds, and the Self-Insurance Funds. r Various detail information can be found in this report. In summary: a) Most major expense categories are anticipated to be at or below budget: b) Major revenues are below the 25 percent level due to the timing of property tax distributions. However, it is anticipated that total revenues will be at budget at year-end. r c) Treatment Costs: As indicated within the Overview Section of this report, 19.5 percent, or$24.2 r million of the FY 2006-07 net joint operating budget of$124.0 million, has been expended. Net operating costs have decreased $1.3 million, or 5.1 percent in comparison with the same period last year primarily due to the net decrease of$129,000 in personnel services, $154,000 in professional services, $200,000 in utilities, and $238.000 in total materials, supplies and services. r The total cost per gallon is approximately $1,104 on flows of 237.8 million gallons per day. This level is relatively unchanged from the prior year. A further description of these costs and benchmarking with other agencies is contained on Section 1 — Page 5 and 6. d) Overall, the capital outlay cash flow of the Capital Improvement Program (CIP) is expected to be $249.7 million, or 93.8 percent of the budget. r Page 1 r 2006-07 First Quarter Review • Quarterly Investment Management Program Report; This section reports on financial portfolio performance with respect to the Sanitation District's funds. Both Long-Term and Liquid Operating Monies are summarized. A performance summary table can be found on page 2 of this W report. The report also contains information on the national economic outlook from the Sanitation District's money manager (PIMCO). In summary, there have been no significant changes to the Sanitation District's financial position with respect to its investments. PIMCO notes that the Long- Term portfolio returned 2.64 percent over the quarter, outperforming the Merrill Lynch 1-5 year Government Corporate Index by 16 basis points, while the liquid operating portfolio returned 1.32 percent over the quarter, outperforming the three-month Treasury Bill index by 8 basis points. PIMCO also notes that fixed income assets faired well in this quarter as interest rates fell pushing returns into positive territory for the calendar year through September after a difficult first half of 2006. However, they also note that the housing contraction could trigger a weaker economy. A discussion of other economic assumptions can be found in the body of the report. • Quarterly Interest Rate Exchange Agreement (Swap) Monitoring Report; This is a report on the Sanitation District's quarterly Swap program as required by the Board approved Swap policy. There were no material changes in the Sanitation District's Swap program from the previous quarter. • Quarterly Certificates of Participation (COP) Report The report includes various comparative charts illustrating the COP rate history. There were no material changes in the COP program from the previous quarter. v �I 1-, Page 2 W r Budget Review Summary First Quarter Financial Report September 30, 2006 The Finance Department is pleased to present the FY 2006-07 first quarter financial report. This report provides the Directors, staff, and the general public with a comprehensive overview of the financial condition of the Sanitation District and reports on the status of all capital projects in progress. A summary of the sections contained within this report is provided below. r Operating Budget Review. This section reports on collection, treatment, and disposal net operating costs. At September 30, 2006, 19.5 percent, or$24.2 million of the FY 2006-07 net operating budget of$124.0 million has been expended. Net operating expenses decreased from the same period last year by $1.3 million or 5.1 percent. A variety of factors which are discussed below have caused this decrease in expenses. Overall, staff expects the total operating costs to remain at or below budget throughout the remainder of the year. Significant joint operating results as of September 30, 2006 include: . Salaries Wages and Benefits - Personnel costs are slightly below target at 22.2 percent of budget through September 30. Staffing is 51 full-time equivalents (FTE's), or 7.9 percent below the total 644 FTE's approved in the FY 2006-07 budget. Salary and benefit costs are 0.8 percent, or$129,000, lower than the $16.7 million incurred by this same time last year. This decrease in costs is mainly a result of 3 less filled positions than at this same time last year. Net operating personnel costs are expected to approximate budget throughout the remainder of the year. . Operating Materials and Supplies - Other than personnel costs, the operating materials and supplies category (primarily chemicals) is the largest expense item in the operating budget. The cost of chemicals has risen over the prior year, pushing total operating materials and supplies $194,000, or 4.6 percent higher than at this same time last year. However, total operating materials and supplies are slightly lower than the proportionate budget through September 30, totaling $4.4 million, or 20.2 percent of the composite $21.9 million budget. Based on current processes, operating materials and supplies are anticipated to be at or below budget at year-end. r . Contractual Services - Overall costs for contractual services costs are lower than the proportionate $17.3 million budget through September 30 at $3.4 million or 19.5 percent. Solids removal costs, budgeted at $12.8 million, comprise the majority of this expense category. At September 30, solids removal costs Section 1 - Page 1 v FY 2006-07 First Quarter Report totaled $2.6 million, or 20.1 percent of budget. Total contractual services costs are anticipated to be at or below budget at year-end. - • Professional Services- Professional services costs totaled $500,000, or 13.3 percent of the $3.8 million budget through September 30. Most professional service costs (such as Enterprise Resource Planning (ERP) system costs, engineering, and environmental consulting services) are proportionately low through September 30 due to being in the planning or request for proposal stage, being started later in the fiscal year due to the timing of when services are needed, or the need for the service is being re-evaluated. It is anticipated that the costs for this category will increase throughout the remainder of the fiscal year but will approximate budget at year-end. • Utilities - Utilities costs totaled $2.2 million, or 25.5 percent of the $8.8 million budget, through September 30. These costs are proportionately slightly higher -� due to a higher purchase of natural gas through September 30 for the operation of the Central Generation facilities. The operating philosophy of the Central Generation facilities is to purchase electricity for power production rather than purchasing natural gas to supplement the digester gas needed to run the Central Generation facilities. This operating philosophy allows the Central Generation facilities to meet air emission requirements. This operation is expected to result in lower natural gas costs and higher electricity costs throughout the remainder of the year, and approximate the total utility budget at year-end. • Other Non-Operating Expenses- Other non-operating expenses totaled $569,000, or 26.3 percent of the $2.2 million budget, through September 30. This is primarily the cooperative projects grant program with costs of$559,000, which was budgeted at $2.0 million. Insurance premiums of$30,000 are at 124.3 percent of budget due to the payment for hull protection and indemnity insurance for the Sanitation District ocean monitoring vessel. This is an annual premium so no additional cost will be incurred. Total other non-operating expenses are estimated to approximate budget at year-end. • Maior Revenues - Service Fees & Property Taxes - Through September 30, - revenues from service fees and property taxes are $360,000 and $2.7 million, or 0.2 percent and 4.9 percent of budget, respectively. These items comprise the majority of the Sanitation District's revenues and are collected by the County through the property tax roll and are distributed to the Sanitation District throughout v the year based on a set distribution schedule, that for the most part, begins after the _ property tax first installment delinquent date of December 10th. These revenues are expected to approximate budget at year-end. • Maior Revenues- Permittee User Fees- Permittee User Fees are at $4.8 million, or 28.1 percent of the $17.1 million budget. The revenues through the first quarter are proportionately slightly higher than the budget due to the annual true-up of the prior year's actual charges, which resulted in an additional $267,500 of Section 1 - Page 2 r r Budget Review Summary charges to permittees. It is estimated that the permittee user charges will approximate budget at year-end. r Major Revenues— Capital Assessments— Capital Assessments are at$7.7 r million, or 52.4 percent of the $14.6 million budget. The revenues through the first quarter are proportionately higher than the budget due to including a $4.5 million billing of the annual sewer treatment and disposal cost adjustment due from another agency. It is estimated that the capital assessments will exceed the budget amount approximately $4.5 million by year-end. .. . Major Revenues—Other Revenue—Other Revenue are at$1.3 million, or 52.9 percent of the $2.5 million budget. The revenues through the first quarter are proportionately higher than the budget due to an $890,000 easement sale to r Sakioka Farms at Costa Mesa, California. It is estimated that the other revenue will exceed the budget amount approximately $900,000 by year-end. • Major Revenues — Interest Earnings— Interest Earnings are at$9.4 million, or 54.5 percent of the $17.3 million budget. The revenues through the first quarter are proportionately higher than the budget due to higher interest rates on the Sanitation District's liquid and long-term operating investments. It is estimated that the interest earnings will exceed the budget amount by year-end. r Revenues —Treatment and Disposal —Through September 30, treatment and disposal revenues totaled $1.6 million, or 30.9 percent of the $5.1 million budget. The largest revenue item is the Interdistrict Sewer Charge to the Santa Ana Watershed Protection Agency for treatment of Flows. This revenue totaled $930,000 at September 30, or 30.0 percent of the $3.1 million budgeted revenue, ^� due to higher biochemical oxygen demand (BOD) and total suspended solids (TSS) loadings than was anticipated when the budget was prepared. Wastehauler revenues are at $255,000, or 42.4 percent of the $600,000 budget. These revenues are proportionately higher than the budget due to the increases of hauler rate, additional wastehaulers, and more sewerage sludge discharged to the plant. Sales of compressed natural gas (CNG) are at$84,000, or 28.0 percent of the r $300,000 budget. It is anticipated that the annual sales revenue for CNG will approximate budget at year-end. The General Non-Operating Revenue is at r $44,000, or 44.5 percent of the $100,000 budget. The revenues include a $19,000 billing to Rowland Water District for the Sanitation District to recoup staff and legal costs incurred during the process of creating the AERA Master Planned Community Out of Service Area Seer Service Agreement. Power Sales are at $25,000, or 61.9 percent of the $40,000 budget. These revenues are proportionately higher than the budget due to Plant two had extra power produced and sold to Edison in July for .. $15,000. The power generating facilities use digester gas(methane) as fuel to produce power to run the treatment plants. When the power plants produce more power than the plant load requires, the power is exported to Edison. Treatment and disposal revenues are expected to approximate budget at year-end. r Section 1 - Page 3 FY 2006-07 First Quarter Report Comparison of First Quarter Cost per Million Gallon Results With Year-End Actuals (Budget) Last Five Years Pro N - er z50 12W 1 W BT5 50 10 r Pill, IPA r PF 015 _ IPA I MI M 555 515 11r1 500 — I25 4 RM 0344 1st Year 151 Year 1st Yea 19 Year 1S Annual Olr and Ou and Ou end Olr and or B,Mget eee As demonstrated in the preceding graph for each of the last four fiscal years, the cost per million gallons at the end of the first quarter has been between 7 and 14 percent lower than at year-end. The 2006-07 first quarter continues with this trend when compared with this years budget. Staff believes that overall operating costs will more closely approximately budget by year-end. The total cost per million gallons at September 30, 2006, is $1,104 based on flows of 237.8 million gallons per day. This is $254, or 18.7 percent lower than the budgeted cost per million gallons of$1,358. When costs are fixed, there is an inverse relationship between the amount of flows and the cost of collection, treatment, and disposal. Consequently, the lower cost per million gallons is due to net expenses being 22 percent less than the proportionate budget through September 30, which is partially offset by flows of 237.8 million gallons per day being 4.9 percent lower than the budgeted amount of 250 million gallons per day. More detailed information on operating revenues, costs, and related information is provided within Section 2. Section 1 - Page 4 .. r r Budget Review Summary Following are data tables showing the last five years of Single Family Residential User Fees(SFR) and the cost per MG to collect, treat, and dispose of wastewater for OCSD _ and for similar agencies. The agencies used in the table were determined to be those that most closely resembled OCSD in terms of services provided and treatment levels. The summaries demonstrate that OCSD's SFR and cost per million gallons are each r one of the lowest in their respective group. .. Benchmark Study Five-Year Single Family Rate Rates as of January 1, 2002 2003 2004 2005 2006 Agency SFR SFR SFR SFR SFR Notes r City of San Diego N/A N/A N/A N/A $ 422.04 Note 2 Vallejo Sanitation/Flood Control District $ 256.68 $ 286.20 $ 320.04 $ 358.08 $ 357.60 San Francisco $ 299.04 $ 299.04 $ 299.04 $ 335.16 $ 357.48 Note 3 Dublin San Ramon Services District N/A N/A N/A $ 327.00 $ 327.00 Note 1 .. City of Los Angeles $ 246.12 $ 246.12 $ 256.44 $ 274.44 $ 293.64 Note 4 Central Contra Costa San"District $ 200.00 $ 224.00 $ 248.00 $ 272.00 $ 280.00 Note 1 Union Sanitary District $ 188.00 $ 188.00 $ 197.40 $ 205.30 $ 215.57 Fast Bay MUD N/A N/A N/A N/A $ 206.00 Note i Sacramento County $ 160.80 $ 160.80 $ 160.80 $ 184.80 $ 204.00 Note 1 City of Fresno $ 198.00 $ 198.00 $ 198.00 $ 198.00 $ 17832 Oro Loma Sanitary District N/A N/A $ 133.00 $ 153.00 $ 173.00 Note 1 r Orange County Sanitation District $ 80.00 $ 87.50 $ 100.00 $ 115.00 $ 151.00 Irvine Ranch Water District $ 79.20 $ 83.40 $ 96.60 $ 100.20 $ 120.00 Note 5 Los Angeles County N/A N/A N/A $ 90.00 $ 96.00 Note 2 r Notew (1)-No response from the Agency-wherever possible,data was acquired from the Agency's webshe. (2)-Agency declined to respond due to lack of staffing availability. (3)-The rate was frozen at the 1996 level unfit July 2004. r' (4)-Data is for the typical SFR customer rate and is not the average rate. (5)-Data represents the maximum SFR rate and is not the average rate. r r r r '�' Section 1 -Page 5 FY 2006-07 First Quarter Report Benchmark Study Five-Year Cost per MG FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 Agency CosUMG Cost/MG Cost1MG Cost/MG Cost/MG Notes Vallejo Sanitation/Flood Control District $2,147.00 $2,535.00 $2,652.00 $2,690.00 $2,962.00 Central Contra Costa Sanitary District $2,284.66 $2.399.24 $2,412.20 $2,661.57 $2,665.24 Note San Francisco $2,140.00 $2,347.00 $2.565.00 $2.566.00 $2.485.00 Note 6 Union Sanitary District $1,543.03 $1,793.18 $1,913.39 $1,980.05 $2.078.76 Note 1 - Dublin San Ramon Services District N/A N/A N/A N/A $1,753.00 Note 1 City of San Diego N/A N/A N/A N/A $1.587.77 Note 5 r East Bay MUD N/A $1,308.26 $1.334.02 $1,396.52 $1,348.79 Note 1 Oro Loma Sanitary District N/A N/A N/A N/A $1,285.00 Note 1 - City of Los Angeles $1.146.00 $1.201.00 $1,205.00 $1,284.00 $1,261.00 Note 2 Irvine Ranch Water District $ 862.44 $1.047.19 $1.104.90 $1,181.62 $1,198.18 Orange County Sanitation District $ 695.40 $ 800.86 $ 915.36 $1,094.85 $1,146.04 Sacramento County $ 806.43 $ 964.37 $ 987.53 $ 980.17 $1,074.96 City of Fresno $ 724.64 $ 829.61 $ 885.62 $ 910.11 $ 964.32 Note 3 Los Angeles County N/A N/A N/A N/A $ 767.00 Note 4 Notes: (1)-No response from the Agency-wherever possible,data was acquired from the Agency's websits. (2)-In FY 2003.04 the City applied Engineers and Architects Association(EAA)COLA,which covered multiple years. (3)-Does not include collection costs. (4)-Does not include source control nor overhead costs. (5)-Agency declined to respond due to lack W staffing availability. (6)-Includes storm runoff,so flows vary significantly from year to year. Capital Outlay Review: $300,000,000 $250,000,D00 $200.000,000 $150.000,000- r' $100,000,000 $So.DOD,aoo V so 9/30108 Actual Projected 2006-07 2006-07 Capital Outlay .. Capital Outlay Capital Outlay Cashl'ow Budget $59,880,667 $249,721.300 $266.088,200 As depicted by the preceding chart, Capital Outlays totaled $59,880,667 or 22.5 percent of the capital outlay cash flow budget for FY 2006.07 as of September 30, 2006. Costs are low through the first quarter as many projects are still in the design phase or have experienced various delays. For example, the Santa Ana River Interceptor 2006 Protection Repairs will not incur costs until the rain season starts in Section 1 - Page 6 r Budget Review Summary December. Through September 30, no cost has incurred on this project, but the year's cash flow budget was $3.3 million. Another example is the Realign and Rehab of Big Canyon Offsite Trunk Sewer. This project is currently under construction by the City of Newport Beach and is approximately 66 percent complete. The Sanitation District expects to receive the invoices from the City for payment in the next quarter. Through September 30, the costs totaled only $147,000, but the years cashflow budget was $3.4 million. Another example is the Replacement of Ellis Avenue Pump Station. This project is in the process of re-submitting the bid to the Board for approval. The project is currently at $252,000, or 0.6 percent of the FY 2006-07 budgeted cash flows of$36.5 million. Overall, the capital outlay costs of the capital Improvement program are expected to be $249,721,300, or 93.8 percent of the capital outlay cash flow budget at year-end. More detailed information on the capital improvement program is provided within Section 3. Capital Facilities & Debt Service Budget Review: Section 4 is the Capital Facilities a and Debt Service Section. This section shows the cost value of the Sanitation District's capital facilities at September 30, 2006, as well as the debt service costs resulting from the need to provide funding for the construction of capital facilities. Currently, all principal payments on debt issues are due in August each year. Consequently, 100 percent of the principal payments have been made by the end of the first quarter each year. Interest costs are expensed ratably throughout the fiscal year. Due to variable interest rates, some of the interest expense amounts vary from ,y the budget. Interest expense is anticipated to approximate budget at year-end. Self-Insurance Budget Reviews: Section 5 is the Self-Insurance Section. Through September 30, the Self-Insurance Fund revenues totaled $456,000, 24.8 percent of the budget, while expenses were $659,000, approximately 28.8 percent of the budget. r Separate fund accounting is used for recording the revenue and expenses incurred in managing these liability claims. The revenues to these funds represent charges to operating divisions. Expenses to these funds include actual claims paid, claims administration, and excess loss policies. r r r Section 1 - Page 7 FY 2006-07 First Quarter Report W W r This Page Intentionally Left Blank ti W W Section 1 - Page 8 W Operating Budget Review �+ Cost per Million Gallons by Department Budget and Actual September 30,2006 r $goo r 5800 $500 saao r+ $$m $too r $e E � Q �p ■BuSget■Actual Collection, Treatment, & Disposal Expenses by Major Category Budget and Actual (in thousands) September 30,2006 $s5,5oo _ 550.000 S45= W.555 $35,000 S30.o00 _ $25.W0 520,oW $15,000 r $to.aao $5.000 m tla � t vz A $ wm s vm T EW'& as ems" out �`A' au'' rc� rc sv E 6y _ ■Butlget■Actua r Section 2-Page 1 2006-07 First Quarter Report Divisional Contributions to Gallonage Charge For the Three Months Ended September 30,2006 2006-07 9130104 9130105 Annual 9130106 Actual Actual Budget Actual Flow In Million Gallons 21,791 22,13751 91,250.00 21,878.02 Flow In Million Gallons per Day 23688 240,63 250.00 237.80 General Manager's Department Genenal Management Administration E 21.59 $ 11.32 & 2225 S 1218 Assistant General Manager Department Assistant General Manager Administration - 6.28 - 266 V Board Services 5.79 537 8.46 729 Public Information Office 9.69 712 10.07 932 - SafetyandHnfth 12-94 15A3 22.82 1524 Subtotal 28.42 34.70 41.35 35.11 Administra0ve Service Department Finance Administration 3.47 5.07 4.10 3,84 '- Accounting 21.92 5098 48.69 43.56 Contracts,Purchasing,&Materials Mgmt. 20.17 2622 35.04 3243 Hunan Resources 25.57 29.83 42M 35.63 _ Subtotal 71.13 11291 130.49 115.48 Regional Assets&Services Department V Regional Assets&Services Administration - 10.82 13.37 11.67 Collection Facilities Operations&Maint. 28.84 44.00 57.19 5123 .. Facilities Maintenance Ser k-. 56.04 57.49 46.74 38.30 Subtotal 84.88 11231 117M 10120 v Technical Services Department Technical Services Administration 14.92 10.37 1595 9.52 -' Environmental Assessment 25.18 26.94 35.14 30.00 V Environmental Sciences Laboratory 58M 58.94 6226 6256 Source Control 4837 50.72 54.30 49.13 Environmental Compliance Services 28.35 56.43 77.72 75.40 Subtotal 175.15 203.40 24637 225.61 y Engineering Department Engineering Administration 528 5.73 6.18 3,87 - Planning 17.39 39.92 44.44 49.64 Project Management Office 1721 2216 23.53 23.16 6o Engineering and Construction 65.39 7245 a658 8277 Subtotal 10527 M26 16273 159.44 - Operators&Maintenance Department Operations&Maintenance Administration 727 11.40 7.32 6.47 0&M Process Engineering WAS 21.95 25.46 18.73 - Plant ND.1 Operations 151.44 19225 20921 18828 Plant No.2 Opeations 213.56 26213 25425 22425 y Mechanical Maintenance&Power Production 150.9D 12527 163.33 11225 Instrumentation&Electrical Maintenance 93.72 97.43 120.13 12852 -- Subtotal 637.57 710.43 810.70 67BRI - Information Technology Department Information Technology Administation 3.52 4.50 4.74 4.08 Customer&Network Support 38.59 34.97 48,33 37.61 Progaming&Database Systems 17.72 22.34 20.50 16.44 V Subtotal 59.83 61.71 73.57 58.13 Total Operating Expenses 1,183.84 1,38704 1,603.75 1.396.76 _ Cost Allocation (295.36) (18249) (199.47) (210.25) C0llection System Operating Costs 174.35 We rJa We y Net Operating Requirements 1.062.83 1,204.55 1,41429 1,176.51 Collection,Treatment,&Disposal Revenues (43,88) (54.06) 155-M (72.02) Net Operating Expenses S 1,018.96 8 1,150.49 E 1X8.41 E 1,104.49 Ir Section 2-Page 2 r r Operating Budget Review Comparison of Expenses by Department For the Three Months Ended September 30,2006 w 2006-07 9130104 9130105 Year to Dale Budget% Department and Division Actual Actual Budget 9130106 Realized r General Manager's Department General Management Administration $ 470.514 $ 250,696 5 2,030,000 9 256,546 13.13% Assistant General Manager Department Assistant General Manager Administration - 139.001 58.172 NB Board Services 126.210 129,994 771,560 172,586 22.37% Public Information ice 211,255 157.721 918.810 203,996 22.20% Safety and Health 282,033 341.631 2,OB2250 333,341 16.01% Subtotal 619,498 768,347 3.772,620 768,095 20.38% r Administrative Service Department Finance Administration 75,597 129,940 374,000 83,905 2244% Accounting 477,762 1,128,801 4.442,960 953,378 21,46% aaO Contracts,Purchasing,&Materials Mgmt. 439,558 580,376 3,197,10D 709,419 22.19% Human Resources 657,317 660,292 3,892,70D 779,464 20.02% Subtotal 1.550.234 2,499,409 11,906,76D 2,525,169 21.22% Regional Assets&Services Department Regional Assets It Services Administration - 239,559 1219.830 255,323 20.93% Collection Facilities Operators&Maint. fi28,509 974,051 5,218,840 1,120,880 21,48% Facilities Maintenance Servces 1,221,181 1,272,602 4265,450 638,001 19.0% �. Subtotal 1,849,690 2486,212 10,704,120 2214,2D4 20.69% Technical Services Department Techni®I Services Administration 325,236 229.492 1,455,110 208,254 14.31% Errvironmental Assessment 548,738 596,351 3,208,690 656,381 2D.47% Environmental Sciences Laboratory 1,770,914 1,304,713 5,681,090 1,368,660 24.09% Source Control 1.054,131 1,122,769 4,955,000 1,074.779 21.69% Environmental Compliance Services 617,951 1,249,142 7,092260 1,649,598 23.25% Subtotal 3,816,970 4,502.467 22,390,150 4,957,672 22.14% Engineering Department Engineering Administration 115,140 126,904 563,510 84,724 15.04% Planning 379,032 883,750 4.054,780 1,085,923 26.78% r Project Management Office 374,961 490,506 2,147,010 506,673 23.60% Engineering and Construction 1,425,129 1,603,897 8.083,100 1,810,910 22.40% Subtotal 2,294,262 3,105,057 14,80,400 3,488,230 23.49% Operations&Maintenance Department Operators&Maintenance Administration 168,350 252,349 657,980 141,444 21.17% O&M Process Engineering 450.751 485,969 2,414,650 409,809 16.97% Plant No.i Operations 3,300,414 4,256,021 19,090,780 4,119.242 21.58% Plant No.2 Operations 4,654,143 5,802,999 25,937,780 4,906,281 18.92% Mechanical Maintenance&Power Production 3,288,488 2,773,110 14,904,290 2.455.757 16.48% Instrumentation&Electrical Maintenance 2.042,340 2,156,763 10,962130 2,813,861 25.67% Subtotal 13,894,486 15,777,211 73,977,640 14,646.394 20.07% Information Technology Department Information Technology Administration 76,618 99,6w 432.400 89,240 20.64% Customer&Network Support 841,014 771,853 4,410,350 822,829 18.68% Programing&Database Systems 386,158 494,636 1.870.970 359,700 1923% Subtotal 1,303,790 1,366,166 6.713,620 1,271,769 18.94% Total Operating Expenses 25,799,444 30,705,554 146.343,310 30,339,079 20.73% Coat Allocallan (6,436,853) (4,040.141) (17,289,100) (4,599,ae2) 28.61% r' Collection System Operating Costs 3,799,659 run rda Will Na Net Operating Requirements 23,162,250 26,665,413 129.054,210 25,739,197 19.94% Collection,Treatment,&Disposal Revenues (956,287) (1,196,434) (5,099,000) (1,575.070) 30.89% r Net Operating Expenses 9 22.205,969 3 25,468,979 $ 123,955,210 $ 24.164,127 19.49% Section 2- Page 3 s W 2006-07 First Quarter Report W Summary of Collection,Treatment,&Disposal Expenses by Major Category For the Three Months Ended September 30,2006 W Expense Expanse Increase Increase Percent Budget Through Through (Decrease) (Oc crease) Budget Remaining v Dascrlptlon 2006417 9I30106 9130105 $ % Realized Budget Seiaryd Wages $ 55.553.100 $ 11,757,475 $ 12,699,096 $ (941,621) -7.41% 21.16% $43,795,625 -- Employee 8ene51s 18,84500 4,770,955 3,957,846 813.109 20.54% 25.32% 14.074.645 W Adminlsea0ve Expenses 1.281.430 224.262 194.349 29.913 15.30% 17.60% 1457,168 Printing B Publication 575.940 118.041 99,271 18,770 18.91% 20.50% 457,899 N Training 8 MeaBngs 1.419.490 172,412 193.248 (20,836) -10.78% 12.15% 1247,078 - OpemBng Expereea 21.891.340 4.416.513 4=425 194,088 4.60% 20.17% 17.474.827 W Conaactual Services 17251.500 3.363.620 3.447.535 (83,915) -2.43% 19.50% 13.887,880 Professional Services 3.761.040 500286 654,223 (153,937) -23.53% 13.30% 3260,754 i"I Research 8 Mon0emng 1,340,030 166.371 217.229 (48.858) -22.49a/o 12.56% 1,171.659 Repairs 8 Maintenance 10,694,730 1.496.184 1.464.956 31.228 2.13% 13.99% 9.198.546 6w Utilities 8,758,260 2228.598 2,428,111 (1g9,513) .822% 25.45% 6.629.662 Other Materials,Supplies. and Services 4.970.850 1,122,362 1,127,265 (4,9D3) -0.439/6 22.58% 3.80.488 Net Cost Allorallon (17,289,100) (4,599,882) (4.040.141) (559,741) 13.85% 26.61% (12,689218) W Net Operating Requirenn" 129,054.210 25.739,197 26,665.413 (926,216) .3.47% 19.94% 103,315,013 _ Collection.Trealment, 8 Dlsposal Revenues (5,Og9,000) (1,675.070) (1,196,434) (378,636) 31.65% 30.89% (3.523,930) Net Operating Eyrenass $ 123.955,210 $ 24.164.127 $ 25.468,979 $ (1,304,852) -5.12% 19.49% $99,791,083 W Gallonage Flow(MG) 91,250.00 21,878.02 22,137.51 (259.49) -1,17% Gallonage Flow(MGD) 250.00 237.80 240.63 (2.83) .1.18% W Gallonage Flour($'s/MG) $11358.41 $1,104.49 $1.150.49 ($46.00) 4.00% _. W W Y�I Section 2-Page 4 Operating Budget Review r Summary of Major Revenues For the Three Months Ended September 30,2006 � Revenue Revenue Revenue Increase Increase Budget Through Through Remaining Through (Doctrines) (Decree») Description 2000-07 9130106 9130106 Budget 913010.4 $ % Service Fees S 154.533.400 S 360.314 0.23% $ 154,173,086 $ 1,698,546 $ (1.338,232) .78.79% User Fees(Pennes) 17.102,000 4,SD5,252 28.10% 12,298,748 4,537.782 267.470 5.89% Capital FadlOies Capacity Charges 11.048,000 1,731,665 15.67% 9.316,335 543,788 1.187,877 218.44% Capadty Rights 17.136,120 - 0.00% 17,136.120 - - WA Capital As»samen9s 14.611,800 7.660.946 52.43% 8,950,854 2,451,903 5.209.043 212.45% y Net Proceeds - - WA - - - WA Property Tares 55,560,000 2,739,653 4.93% 52,820,347 3,123.818 (354,165) -12.30% Interest Earnings 17,328.000 9,439,344 54.47% 7.888,656 2,115,331 7,324,013 346.23% ay Other Revenue 2,427,000 1284.777 52.94% 1,142,223 16.206 1,268,571 7827.79% Total It 289,745.320 $ 28.021,961 9.67% $ 261724,359 $ 14,487,374 $ 13.534.577 93.42% r r Summary of Collection,Treatment&Disposal Revenues For the Three Months Ended September 30, 2006 r % Revenue Revenue Revenue Increase Increase Budget Through Through Remaining Through (Decrease) (Decrease) Description 2D09-07 9130106 9130/06 Budget 913WOS $ % Inter District Sevrer Use $ 3.100.000 $ 929.400 29.95% 6 2.170.600 $ 670,397 It 259.003 38.63% Wastehauler 600,000 254,505 42.42% 345,495 169,273 85,232 50.35% Sludge Disposal 925.000 231.900 25.07% 693,100 210,900 21,000 9.96% CNG Sales 300,000 83,957 27.99% 216,033 64,018 19,949 31.16% Olher Sales - 102 WA (102) 4,665 (4,563) -97.81% Rents&Leases 34,000 5,957 17.52% 28,043 7,540 (1,583) -20.99% r General Non-Opennng 100,000 44,467 44.47% 55,533 14,171 30.296 213.79% Povier Sales 40.000 24,772 61.93% 15,228 65,470 (30,698) _ Total IS 5,099,000 It 1,575,070 30.89% S 3,523,830 S 1,198,134 $ 378.636 31.65% r r Section 2-Page 5 sr W 2006-07 First Quarter Report _ Summary of Collection,Treatment,&Disposal Expenses by Lim Item For the Three Months Ended September 30,2006 W Expense %Expense Express Increase Increase, Budget Through Through Remaining Through looniness) Paeease) v Description 280&07 ea6ro6 9130106 Budget 9130105 s % Sala des.Wanes&Benefits . - Selarles&Wallas $ 55.553,100 S 11.757.475 21.16% $ 43,795,626 $ 12.699.096 $ (941.021) -T41°% Employee Bengt V Retimmer4 12,018,000 3,203,271 26.66% 8,812,729 2,409,759 70,512 32.93% Group lmumrcer 6,304,300 1,451,111 23.02% 4em,im 1.411.388 39,723 2.81% - - Tugbn&Cer8firalbnRamat, i5Q000 16,509 11.01% 133.491 17,337 (828) 4.78% UnBorm Rental 63.200 16,222 25.67% 46,978 13,067 3.155 24.14% ind Woikerc Compensation 310.100 77.523 25.00% 232.577 100.251 (28,728) -27.04% Unemplaymentlnsmmtce 2.000 6,319 315.0% (4,319) 44 6.275 14261.36% Tend Beefits 18.845,600 4,770,955 25.32% 14,074.645 3.957.846 813.109 20.54% Salaries,Wag"&Senate; 74.398.700 16.S28,430 22.22% 57,870,270 16.658.042 (128,512) -0.77% N MHO.Su poly.&Senders - Meanders tiva Expear. Memberships 30,220 WAN 27.53% 257,411 79.875 17,934 V.45% y OBke Exp-Supples 138,010 19.503 14.07% 119,107 19.029 474 2.49% Postage 70,100 10,022 14.30% 60,078 5.010 5.012 100.04% --- Seeder&P.1ecalbns 48,030 9.073 18.89% 38,957 6.715 2,358 35.1256 Forms 3,900 26 0.67% 3,874 123 (97) -78.80% Iwo Sman Ccinptsr Items 566J100 66.563 11.76% 409,4W 65,387 1.176 1.80% Mirror FumBee&Fixturer, 09.570 21.266 21.30% 78,304 18,210 3.055 16.78% _.. SubMlal 1.281,430 224.262 17.50% 1.057,166 1941349 29.913 15.39% Printing&Publication W Repro r-House 443.630 88,967 20.05% 354,663 77.sW 11.137 14.31% Priritlng Outs $7.830 23.461 26.71% ",We 4,604 18.857 409.58% NoOces&Ads 43,250 5,541 12.81% 37.709 16.684 (11.123) 68.79% Photo Processing 1.230 72 5.85% 1.158 173 (101) 48.30% 6w Subtota 575.940 118,041 20.50% 457,899 99,271 TWO 18.91% Training&Mestirms - Meetings 389,590 38.893 9.98% 350.607 40,690 (1,797) 4.42% Training 1,029,900 133,519 12.96% 896,381 152,558 (10.039) -12.48% Subtotal 1,410.490 172,412 12.15% 1.247.078 193,248 (20,836) -10.78% Operating Expenses - ciamicalCoaguMMs 5,718,500 1,099,130 19.22% 4,619,370 1,230,842 (131.512) -10.60% Odle Conbol 5,580.000 1.379,005 24.71% 4.200.995 792.374 58&631 74.0396 V Disinfection 7,997,0D0 1,423.135 17.80% 6.573.865 1,736.206 (313,0T1) -18.03% Clearness-Marc&Cogen W,840 18,096 35.59% 32,744 7.258 10,838 149.32% Gasofine,Diesel&Oil 633.720 121.489 19.17% 512,231 &.474 W.015 43.82% Toads 391.190 79.413 20.30% 311.7n 48,905 30.608 62.71% wa, Safety oodpmenOlools 621.860 60,647 11.62% 461,233 77,010 (16,363) .21.25% SON,Papas&Jan.Suppliea 89.990 23.105 25,68% 66.885 28,378 (5,273) -18.58% - Lab Chemicals&Supplies 651,480 180.745 27.74% 470,735 182.148 (1,403) D.T7% Otoer Opamting Supplies 222.890 31.748 14.24% 191,142 34,089 (2,341) 6.87% W Property Tax Fees 33.850 0,00% 33.850 1,041 (1,041) -100.00% Selected 21,89/,340 4,416,513 20.17% 17.474,827 4.222.425 194,086 4.60% -- Contracmal Services Sontls Removal 12.753.000 2.587.976 20.14% 10.185.024 2.753.741 (185.70) 6.75% W Other Waste Darposal 620.000 149.097 24.05% 470.003 106,147 42,950 40.46% Groundskesamt; 304,000 56,475 18.58% 247=5 70.240 (19,765) -25.92% Jsnitonal 410.000 97.841 23.86% 312.150 87,678 10.163 11.59% Oubbe Lab Santora MS." 19,028 7.07% 249.972 30.294 (11,268) -37AM 4' Oxygen Plant Oper 380.000 77.656 20,44% 302.342 73,500 4,158 5.56% CountyS ics Fee 464.000 UAW /1.35% 411,314 51,239 1,447 2.82% '- TemporeryServices 299.300 53,735 17.95% 245,585 36,322 15,413 40.22% Sectary Services 350,000 35,710 10.20% 314,290 52.466 (16,760) -31.94% W Otw 1,402.200 253.414 18.07% 1,148,785 177,908 75.506 4244% Subtotal 17,251,500 3.363,620 10.50% 13,887,881) 3,447535 (83,915) -2.43% -- br (Continued) Section 2-Page 6 W A Operating Budget Review Summary of Expenses by Line Item s For the Three Months Ended September 30, 2006 Expense %Espouse Expaue Inagua Increase Budget Through Thrpugh Ronalning Through (Deaeaea) p7aaae+a) Desaip0on 2008OT 9MM6 900108 Meet 9/00105 5 % corvriiiecl Prefesslpnal Services b Latel SBT200 221,932 37.79% 305265 104.655 117.277 112.00% Audit A Accounlirg 327,420 86,729 20380% 200.691 15,316 51,413 335.60% Er,herri am= 40.159 7.17% 519.841 24,688 15A1 01.35% Emho ScienSf�c Consulting 207,O1DO 24.720 11.94% 1W.280 12.900 Km 90.74% as ERP Sown 278,400 9,T20 3.52% 286.740 140,8W (131,080) -93.10% SOM.ere Pqm C .Wong 108,400 3.703 3.42% 1M.697 13,13E (9,as5) -71.81% Afvoc Efforts 301.000 63.313 21.03% 237.687 59.114 4.190 7.10% Industrial HMpem Services 20.000 - 0.00% 20ADD - - WA r labor Negotlab.n Services 40,000 - 0.00% 40,OOD - WA Other 1.333.560 70.010 525% 1263,550 283.352 (213.342) -7529% Subletal 3,761,040 SOD2W 13.30% 3,2W.754 654223 (153A37) 423.53% Research&MonRonn9 ey Envimnmemal Monitoring 877,000 101.371 14.07% 575.629 112,739 (11,366) -10.06% Air Oualey Monitoring 180.000 4,000 222% W6.000 8,490 (4,490) -52.00% Resesrcti 4111,030 03.000 13.04% 420.030 W.000 (33.01101 -34.38% Subtotal T340.530 188,371 12.98% 1,171,850 217,229 (48.ese) -22AD% w Repairs BM irtheunce Meterek&Servicaa 9,1m.810 1,257,851 13.71% 7,913.159 1231.301 25.350 2.14% Svc.Mae,Agreements 1.523.920 238533 15.65% 1285.38T 233.655 4,87E 2.09% Subtotal 10.694,730 1.490.184 1399% 9,198,546 1.464,956 31.228 2.13% ee U61I6es Telephone 193,500 47,354 24.47% 146.146 27.104 20250 74.71% Diesel For Generators 18,000 5,903 36.89% 10,097 2.BW 3,070 106.37% Naboal Gas 1,0W,100 536.019 53.80% 482,081 300.142 237.877 79.25% e. Poser 0,m,= 1,335,934 21.70% 4,8115.066 1,745,039 (408,106) -23.30% Water 1,403,660 300.308 21.40% I.IW,272 352.993 (52,005) -14.90% Sublets] 8,758,280 2,228.598 25.45% 6.529.852 2.426,111 (199,513) 4.22% Mar Operant,Supplies Outside Eauip Renbl 9.750 - 0.00% 9,750 1234 (1,234) -100.00% Insurance Premium. 24,000 29,819 12425% (5,819) - 29,819 WA No B Got]Jab I.is. 1,486.a00 356,730 25.00% 1,100.070 540,000 (173.270) -M.09% Freghl 113.750 26,878 23.53% 88,872 25.941 937 3.61% Mi. Operating E.N. 104,520 34,430 32.94% 70,090 11,881 22.549 189.79% UroollectibleAmunt3 5.O110 - 0.00% 5,000 - - WA Rwulalay Operalir9 Fees 4W.S00 95.918 22_13% 337,582 136,907 (41,049) -29.97% Subtotal 2,157.320 563,775 25.07% 1,W3545 716,023 (162.248) -22.66% General Mgr Caltlngenry - S Roappropriatiens BQ.IIDO - 0_00% 847,800 - WA Mar Nen-0per Expense 2,155,730 5611587 26.25% 1,SB7.143 411242 157.345 36.26% Total Materiels, Soolns B Services 71.944.610 13.810.640 19.20% 58,133.981 14.048.612 (237.90) -1.09% s� Total Exp dAures 146,343,310 30,W9,079 20.73% 110,OD4,231 30.705.554 (380,475) -1.19% Coat Allocation (17.289,100) (4,589,882) 26A1% (12.089.218) (4.040.141) (559.741) 13.8596 Net Operadng Rp lreneMs 129.054,210 25,739,197 19.94% 103.315.013 26,565,413 (926.216) -3.47% d Collection,Treatment, &Disposal Revenue (5,099,000) (1,575,(70) 30.89% (3.523,930) (1,190,434) (378,638) 31.65% Net Operefing Expanse S 123.955.210 $ 24,160,127 19.40% 3 99,791,083 $ 25.468.979 $ 11,301,852) 5.12% w Section 2-Page 7 r 2006-07 First Quarter Report _ Summary of Collection,Treatment,&Disposal Expenses by Process For the Three Months Ended September 30,2006 r Increase Increase Actual Actual (Decrease) (Decrease) 9130106 9130/05 $ % Process: Preliminary Treatment $ 1.780.516 $ 1,794.598 $ (14,082) -0.78% W Primary Treatment 2,405,018 3.004,414 (599,398) -19.95% Secondary Treatment 1,434,259 1.621.701 (187,442) -11.56% Cryogenic Plant(Plant 2) 180,271 212,824 (32,553) -15.30% Effluent Disposal 231,428 354,286 (122,858) -34.68% u Solids Handling 6,975,309 7,467.410 (492.101) -6.59% w Cogeneration 2,316.092 2,052,881 263,211 12.82% Utilities 2,800,022 3,215,340 (407.318) -12.67% u Electrical Distribution 143,792 234,547 (90,755) -38.69% W Miscellaneous Buildings 1,230,082 1,128,405 101.677 9.01% Air Quality 2,170,019 1,641,651 528,368 32.19% u Laboratory 1.800,801 1,714,426 88,375 5.04% .. Collections 2,263,588 2,222,930 40,658 1.83% 6w Net Operating Requirements 25,739,197 26,665.413 (926,216) -3.47% Less: Revenues (1,575,070) (1,196,434) (378,636) 31.65% Net Joint Operating Expenses It 24.164.127 $ 25,468,979 $ (1,304,852) -5.12% " W u V u Section 2-Page 8 Operating Budget Review Staffing Trends Full Time Equivalents September 30, 2006 700- 629 644 644 650 598 i 600 58] 550- 500 450 6/30/03 M0104 6130/05 6130M 9/30106 ■Aqual ■Vs t At September 30, 2006, the total head count was 601 employees, or a full time equivalency of 593. Section 2- Page 9 2006-07 First Quarter Report v V Ir This Page Intentionally Left Blank v 6W v Section 2-Page 10 it CIP Budget Review Capital Improvement Program By Type and Funding Source For the Three Months Ended September 30, 2006 �CMetlbuFtlW: a0.0% GPd Y.Tmalmenl PmiB : 1.0% ■Sale9K a Mash vlannmg: 0.5% OH.Adw : 2a.5% OPnmary Tmalmml: 0.0% 00dar CmW P j . t 0% OSdds Handling5DOW 1.0% ■UIios"—e 30% ■Ocean Odlyl$y] & 1.5% ■P,¢ess Re IN$peCitPN r: 0.5% ■M, ce nt sSupPWPropb 10% OVlder W.9emenl p.,Ps: 18.0% OEauipmenl: 1.0%, ■Se[ dary TealmW 130% ■Rc Mh 5 Devebpmenl: 0.5% ■Plant Aut.mM n'. 0.5% Total Capital Improvement Expenditure - $59,880,667 ■Replacem enURehabilitation: 50.0% Olmproved Treatment-31.0% ClAddilional Capacity -T0% ■Support-12.0% Total Capital Improvement Expenditure - $59,880,667 Section 3- Page 1 FY 2006-07 First Quarter Report Summary of Capital Improvement Construction Requirements-Current Year rx For the Three Months Ended September 30,2006 2006-07 2006-07 2006-07 CashBew Actual at Projected lix, Budget 9130106 Outlay Collection system Improvement Protects Collections Ia4 Rain and Bristol Street Sewer Extension $ 164.000 s 3,613 s 291 Sable Ana Trunk Sewer Rehab. 298.000 5,9M 191,300 Carbon Canyon Sewer and Pump Station Abandonment 363,000 51.905 437,700 Santa Me River Interceptor Realignment and Prot 467,000 73.366 164,90D ass Santa Me River Interceptor 2005 Emergency Repairs 289.000 18,964 80.400 Santa Me River Interceptor 2006 Promotion Repairs 3.348.000 - 661,200 Tan Branch Improvements - - - EuVidRelief Improvements-Reach'A' - - - Newhope-Placentia 8 Cypress Trunk Replacements 128,O110 6,275 128.700 Ir Rehabilitate District Siphons by Adding Air Jumper 353.000 68,100 209,800 Fullerton-Brea Interceptor Sewer Relief - - - Rehabilitation of the Westside Pump Station 445,000 170,365 374,000 y Weslside Relief InlerceptodLos Alamitos MH Rehab - - - Rehabilitation of Magnolia Trunk Sewer 40,000 Si 891.300 Miller-Holder Trunk Sewer Relief - - - BearhTrunkMnotlinterceplorSawerRelief - - - Balboa TmnkSevrerRehabilitation 55,000 3,395 55.800 his, Replacement of the Biller Point Pump Station 734,000 418.625 782.400 Replacement of the Rocky Point Pump Station 2.003.000 200.190 2.292.300 Rehabilitation Of Ore loth Street Pump Station 1216,000 734.306 1.370,600 Rehabilitation of the'A"Street Pump Salon 96U00 479,886 1.181.200 y Rehabilitation of the Bay BMW Pump Station(95%) 129,200 9,995 58.800 Biller Point Force Main Rehabilitation SJGD 6.437 11,100 Newport Force Main Condition Assessment 340.000 1.937 2,000 Bayslde Drive Improvement 235,000 28.750 173,500 V Realign 8 Rehab of Big Canyon OXsile Think Sewer 3,440.000 147211 3.166,900 Dover Drive Trunk Sewer Relief 199.000 9.622 106.700 Distinct 6 Trunk Sewer Relief 60,000 12M 14.000 Falrvlaw Road Trunk Sewer Relief - - - SunOwerinlerceptorManholeRehab 933,000 837.985 844,000 v Gisler-Redhill Think Sewer Relocation-Phase 1 2.056,000 48.637 375,400 Gisler.Redhill System Improvement.Reach B 689.000 74,759 942,800 Rehabilitation 0f the College Ave Pump Station 281,000 240,950 399,000 Browning Subbunk Sewer Relief - - - ka, County Island Annexation and CEOA Documentation M.M 18,051 248,9UD Von Kansan Think Sewer Relief - - - Edim,013olm Chice Tmnk Improvements - - 354.40- Coast Trunk Sewer Rehabilitation 412,000 82,042 0 y Lake Avenue Interceptor Sewer Relief 130,000 1.286 33.100 OCTA Sewer Relocation Projects 96.000 3.011 121.200 - North County Collections yard 50,000 6.165.616 6.165.700 Manhole Rehabilitation and Mssessmenl Program 700,000 - 596.700 Facilities Engineering Projects-Collecdons 86,333 15.384 131.500 v Replacement of the Ellis Ave.Pump Station 34,383,916 237.175 24,564.900 BushaN Think Sewer Rehabilitation 29,124,035 6.559.814 22,847.800 Additional Charges to CIP Closed at 1i130105 926.05ir 2,839,900 subtotal-Collections 84.N3.464 17,705,037 73,000,100 Revenue Area 14 Rehabilitation of me Bay Bridge Pump Station 5%share 6,8130 526 3.100 Sunnower Ave.Sewer B Manhole Abandonment-CORF share 58,587 3,371 3.400 1r Repl of Ellis Avae.Pump Slatlon-CORF share 2,086.084 14,389 1,491.600 Bushed Trunk Sewer Rehabilitation-CORF share 1,766,955 397,988 1,374,100 Subtotal-Revenue Area 14 3,926,516 418273 2,872.200 Total Collection System Improvement Projocta 88.370,000 18,121,310 75,872,300 y (Confined) 1r Section 3 -Page 2 was CIP Budget Review Summary of Capital Improvement Construction Requirements -Current Year For the Three Months Ended September 30, 2006 2006-07 2006-07 2006-07 Cash0ow Actual at Projected Budget 9130106 Outlay Treatment&Disposal Prolocls Headworks Headmi-1 s Rehabilitation and Expansion at Plant No.1 - - - Headworks Rembilitetion/Refuebishment 856.000 153,661 842,100 Readworks Improvements at Plant No.2 29,641,000 14.943.809 45,358,200 _ Subtotal-Headworks 30,497,000 16,097,470 46,200,300 Primary Treatment Primary Clangers 16-31 &Related Facilities 5.967.000 1,322.578 5,647.800 Primary Treatment RehabititalioNRefurbohme d 1.244.000 217,906 3.172.100 Subtotal-Primary Treatment 7.211.000 1.540.484 8.819.900 Secondary Treatment New Secondary Treatment System at Plant No.1 7,542.000 1,042,077 6,497,880 Activated Sludge Plant Rehabilitation 18,521,000 4.614.044 17,41511,000 Rehabilitation of Activated Sludge Plant at Plant 2 5.898.000 1,124.226 8,474,000 Trickling Filters at Plant No.2 7.114,000 1.130.534 10.172.100 oxygen Plant Rehabilitation 150.000 rd Subtotal-Secondary Treatment 39.226,000 7,911.480 40.601,70D Solids Handling&Digestion Sludge Digester Rehabilitation at Plant 1 1,992.000 62.631 1,801.600 Sludge Dewalering and Odor control at Plant 1 5,780.000 84,414 5,10 .100 Truck Wash and Demeaning Beds at Plant No.1 303,000 48.313 316.400 Solids Storage and Truck Loading Facility 020.000 111,395 70,600 Rehabilitation of Solids Storage Silos C&D at P2 380,000 - 379,300 Plant No.2 Primary Sludge Feed System Project 1.119.000 320,N3 9511200 Digester Rehabilitation at Plant No.2 1.178,000 24,886 411.000 Sludge Dewatenng and Odor Control at Plant 2 - - - Replacement of Drying Beds and Trerh Wash at Plant 598,000 731 658,200 Digesters-F'and'G-Liner Replacement at Treatment Plant 2,533,000 Subtotal-Solids Handling&Digestion 14,811,000 852,813 10.M7 400 Ocean Getting Systems un' Effluent Pumping Station Annex 10,099.000 1,273,815 9.108,200 OOBS Rehabilitation Assessment Study 150,000 1,461 I'll Subtotal-Ocean Oudall Systems 10,249,000 1,275,266 9,109,700 Utility systems Arc Flash Hazard Evaluation 110,000 1.103 1,200 Interplant Gas Lino Rehabilitation 2,444,000 9.706 34,400 Cable Tray Improvements at Plants 1 &2 2,819.000 73.476 3.051.600 r At Quality Improvements 1,302,000 300.035 689.500 Central Generation Automation 729.000 323,120 697.500 Fire Suppression for Servers and Equipment at P1 &P2 a64,000 4.388 W,900 Electrical Power Distribution System Improvements - - - r Phim 166kV Substation 2,4a2,000 29.530 2,845.500 Gas Compressor Addition at Plant No.2 743,000 27,275 41.00 Electrical Equipment Refurbishment and Protection 3.009.000 924,779 2,924.700 Plant 1 Plant Water VFD Replacement 205,000 32,553 301300 subbtal-Utility Systems 14.508.000 1,805,974 10.390.50U (continued) Section 3 - Page 3 FY 2006-07 First Quarter Report Summary of Capital Improvement Construction Requirements-Current Year For the Three Months Ended September 30, 2006 w 2006-07 2006-07 2110"T Cash6ow Actual at Projected Budget 9130106 outlay lial Odor Control Related Projects RehabilHaOon of Odor Control Facilities 1,094,000 362,743 1.195,100 Digester Gas Building War Control Project 98.000 1.009 56.1w rl Odor Central for Nev,Solids Truck Loading Station 150,000 495 500 Subtotel-Odor Control Related Projects 1,342,000 364,247 1.251,700 Process Related Special Projects v Plant 0 8 M Manual and SOP Project-Phase 1 1.200,000 4,869 4.900 Corrosion Management 1,000.000 84,134 84,200 Special Projects: Anaerobic Bayed Reactor(MR) 200,0DO 4.063 104,100 Special Projects: Bumialing Filter(BTF) 30,000 2,314 34000 Subtotal-Promo Related Special Projecte 2.430,000 95.380 223.200 r' Plant A demell&Computerira8on SCADA Historian Replacement 172,000 -Time Enhy System 176.000 88.970 109.000 Power Monitoring and Control Systems 1,189,000 41.950 482,900 Fels,Oils,and Grease(FOG)So1Maro 40,DDO 8.987 22,500 Strategic lnfrmi lidn Architecture(SIA) WOADO - 200,000 Intemetilntenet Development 90,000 10,211 20.300 CMMS System Replacement 1,350,000 1.152 6.200 PDS2D So6ware Replacement - - - EnwhonmentalComptianceAwaeressProgram $53,000 16,546 764,600 Disaster Recovery 2,000 - - Geographic Infomation System 895,0D0 13.354 56,700 y Nelwvrk Equipment Upgrade 611.000 5.850 5.900 Subtotal-Plant Automation B ComputeHaa6on 5,778.000 167,020 1.668.100 Miscellaneous S Support Projects y Facilties Engineering Projects-Joint 482.000 7,727 373,600 Facilities Engineering Projects-Plant 1 702.000 355,736 848,900 Facilities Engineering Projects-Plant 2 415,000 154,458 489,700 Laboratory Rehabilitation 164.000 25,537 27,000 it Laboramy RefuNlshmerd at Plant No. 1 374.000 11,098 139.700 Regional FOG Control Collection at Plant No.1 - - - Plant No.2 landscaping Project 300,000 552 356,000 Control Center Spam Alaewtion Study 60,000 - Small Cap.Equip,Replacement Project 500,0D0 95,471 95.500 Asset Management Program 750,000 80,614 250,700 Warehouse Reinvention Project 188,000 16,417 16,500 Plant 2 Maintenance Building Modi cations 210.000 5.264 116.300 V Subtotal-Miscellaneous 8 Support Projects 4,155,001) 752,874 2.745,900 Water Management Projects Groundwater Replenishment System 45,198.000 10.732.9W 37.003200 w Subtotal-Water Management Projects 45.198.000 10,732,936 37,003200 Strategic 8 Master Planning Treatment Plant Strategic Plan Update 507,000 134.047 587,70D V Orange County Biosolids Production Shirg Study 150,000 2,296 129.8110 Subtotal-Stral 8 Master Plan nine 657,000 136,343 717,500 la, (Continued) la, Section 3- Page 4 ti CIP Budget Review Summary of Capital Improvement Construction Requirements -Current Year For the Three Months Ended September 30,2006 2006-07 2006-07 2006-07 cash0aw Actual at Projected e Budget 9130106 Outlay Research&Development IISBR BMe Management Grant Prated 50,000 160 87,600 Subtotal-Research&Development 50,0D0 160 87.600 Additional Charges to CIP completed at 6130106 - 070,726 3,046,100 Total Treatment and Disposal Projects 176,112,000 41,411,173 172,242,000 Capital Equipment Purchases 1,608,206 U8,164 1,606.200 Total collections and Treatment&Disposal r Projects and Capital Equipment Purchases $26 ON 2200 $ 59. 880.667 $249 221.NO r Section 3- Page 5 Vr FY 2006-07 First Quarter Report Summary of Capital Improvement Construction Requirements -Project Life For the Three Months Ended September 30,2006 r Cement Total Approved June 30,2006 Year Projected Remaining Project Accumulated Projected costa Future W Budget Cost Coat June 30,2007 Budget Collection as away Improvement Pmynns Collections Irr Rala end Bristol Street Sewer Extension If 5,342.000 $ - $ 299.400 $ 299,400 $ 5,042,600 Santa Me Think Sewer Rehab. 18,432,000 454,464 191.300 645.754 17.786.236 Carbon Canyon Sewer and Pump Station Abandonment $.Ma.000 1.133,957 437.700 1,571.857 6,746,343 Santa Ana River Interceptor Realignment and Prot. 9,583.000 2,224,292 164,000 2,389,182 7193.116 W Santa Ana River Interceptor 20D5 Emergency Repairs 3,767.OW 920,885 80,400 1,001,285 2,]65.715 Santa Ana River Interceptor 20M Protection Repalm 3.348,000 - 891,200 661.200 2,088.800 Tag Branch Improvements 979,OD0 12,093 - 12.083 968.917 EUVd Relief Improvements-Reach'A' 23,050.000 13,510 - 13.510 23,036,490 Newhope-Placentia 8 Cypress Trunk Replacements 6.11M.00D 70,759 128,700 199,459 6,423.mi Rehabilitate District Siphons by Adding Air Jumper 5,267,000 1,054,503 209,800 1,264.303 4,002,697 Fulledon-Brea Interceptor Sewer Relief 865.000 - - - 855.000 1.710,18 Rehabilitation of me WestsNe Pump Station 8,291,000 1,336,188 374,000 8 6,58D,812 Weskiee Relief IntarceptonLas Alamitos MH Rehab 11,706,0010 - - - 11,704.000 �+ Rehabilitation of Magnolia Think Sewer 28,a06,W0 115.126 891.300 1.006,426 27,709.574 Miller-Holder Trunk Sewer Relief 9.412,000 - - - 9,412.000 Beach Thinkaknoh interceptor Sewer Relief 17.815,000 - - - 17,815,000 Balboa Trunk Sewer Rehabilitation 7.873.000 - 56,600 66.600 7,818.400 Ir Replacement of the Bitter Point Pump Station 34.079.000 2.440,998 782,400 3.223.398 30,655.602 Replacement of the Rocky Paint Pump Station 30,952.000 3.511,519 2,282,300 5,903,819 25.148,191 Rehabilitation of the 14M Street Pump Slogan 9,673,000 8.302.399 1.370.600 9.672,999 1 Rehatelaaflon of the"A'Street Pump Station 9,657,000 8.355.431 1.181,200 9.536.01 120,369 Rehabilitation of the Bay Bridge Pump Slogan(95%) 2.341.750 423,039 58,800 481.839 1,859,911 Bitter Point Force Main Rehabilitation 22.775,000 1,a19,e35 11.100 1a30,935 20,944,085 Newport Force Mein Condition Assessment 690,000 598 2,000 2,586 647,414 Battles Drive Improvement 2.875.000 53,101 173,600 226.904 2,648,096 Realign 8 Rehab of Big Canyon ORSBe Trunk Sewer 3,811.000 643,06 3,166,900 3.810.636 164 cover Drive Trunk Sewer Relief 6.378,000 - 166,700 166.700 6211,30D District a Think Sewer Relief 1,884,000 - 14,000 14.000 1.870,000 Fairies,Road Think Sewer Relief 9.257,000 - - - 9.257,000 Sunflower Interceptor Manhole Rehab 3.572.000 2,727,730 844,ODD 3,571.730 270 V Gisler-Redhlll Trunk Sewer Relocation-Phase 1 2,393.000 353,431 375,400 728.831 1,BB4,169 Gisler-Reehlll System Improvements,Reach B 11.763.000 673,540 942.800 1,616.340 10.146.660 Rehabilitation of the College Ave Pump Station 7.976.000 897,784 399.ODD 1.296.754 6.SM.216 Browning Subm nk Sewer Relief 3,605,000 - - - 3.605.00D y County Island Annexation and CEQA Documentation 250,000 - 2461900 246,900 3.100 Von Karmen Think Sewer Relief 328.000 - - - 32a.OW EdingeriBolsa Chlca Trunk Improvements 4,176.000 - - - 4,176.000 Coast Trunk Sewer Rehabilitation 10,950.000 1,455,849 354.400 1,810,249 9.139.751 Y.4 Lake Avenue Interceptor Sewer Relief 4,225.000 - 33.100 33,100 4,191,900 OCrA Sewer Relocation Projects 397,000 61,3W 121,200 182,560 214,440 _ NOM County Collections Yard 10,090,000 50,555 6,165,700 6,246,255 3,543.745 Manhole Rehabilitation ant Assessment Program 1,640,000 - 598,700 598,700 041.300 Facilities Engkreetlng Projects-Collections 5,079,804 72,906 131,500 204,406 4.875.398 lal Replacement of the Ellis Ave.Pump Station 74.761,953 5,550,378 24.584,900 30,135.278 44.646,675 Busher!Trunk Sewer Rehabilitation 65.483,117 32.029.993 M.647,800 54.677.793 10,505,324 Additional Charges to CIP Closed at 6 ORM 41,044,493 36,630,831 2,839,900 39,476731 1,567,762 Subtotal-Collections 551,452,117 113.427.261 73,000,100 18S,427,361 365.024,756 r Revenue Area 14: Rehabilitation of the Bay Bridge Pump Station 5%share 123.250 22,264 3,100 25.364 97.086 Sunflower Ave.Sewer B Manhole Abandonment-CORF 320,196 98,908 3.400 92,308 227,886 y Repl of Ellis Avae.Pump Station-CORF share 4,637,047 329,893 1.491,600 1,921,483 2,715.564 Bushard Trunk Sewer Rehabilitation-CORF share 3,972,883 1.903.679 1,374,100 3,277,779 695.104 Subtotal-Revenue Area 14 8,953,376 2,344,734 2,572,200 5.216.9M 3,73QA02 Total Collection System Improvement Projects 560405493 115,771,995 75,872,300 191,8H295 MB.761,iga V (Continued) Section 3 - Page 6 '�' CIP Budget Review Summary of Capital Improvement Construction Requirements -Project Life For the Three Months Ended September 30, 2006 Current Total Approved June 30,2006 Year Projected Remaining Project Accumulated Projected Cost at Future Budget Coat Cost June 30,2007 Budget Treabnenl6 Disposal Projects Headworla Headwarks Rehabilitation and Expansion at Plant No.1 16,050,000 - - - 16,050,DD0 Headvrorks RehablHation/Refufbishment 5.159,000 434,293 842.100 1,276.393 3.802.607 Headworks Improvements at Plant No,2 257,763,00D 5il 895 697 45,358,200 110.253,897 147,508,103 Subtotal-Headworks 278,971,000 65,329,990 46,200.3W 111,530,2110 161.440,710 Primary Treatment Primary Clarifiers 16-31 8 Related Facilities 90,927,000 85279,184 5,60.800 90,926,984 18 Primary Treatment Rehabilita0oNRefurbishmeil 56,887,000 6,773,384 3,172,100 9,945,484 48.90.516 Subtotal-Primary Treatment 149.014,00D 92,052,568 8,519,900 100.872.468 48,941,532 Secondary Treatment New SecoiWary Treatment System at Plant No. 1 265,846.000 15.442,155 6,497.600 21.939.755 243.906.245 Activated Sludge Plant Rehabilitabon 47,013,000 21,103,646 17,458,000 381561,646 3.451.354 Rehabilitation of Activated Sludge Plant at Plant 2 17,306,ODD 3.184,4n 6.474.000 9.11MA72 7,047.523 s Trickling Filters at Plant No.2 248,531,0DD 10,004,209 10,172,100 20,175,309 228.354,691 oxygen Plant Rehabilitation 150,000 150,000 Subtotal-Secondary Treatment 578,846.000 49,734,487 40.601.700 9D.336,187 488,50 ,813 .. Solids Handling&Digestion Sludge Digester Rehabilitation at Plant 1 54,916,000 1,900568 1.001.600 3702,168 51.213.032 Sludge Dewalering and Odor control al Plant 1 134,653,000 2,5W.550 5,103.100 7,589,660 127,013.350 Truck Wash and Dewxlering Beds at Plant No.1 4.351.000 209,149 316.400 525.549 3.05.451 Solids Storage and Truck Loading Falsity 15.822,D00 15,055.314 756.000 15.821.914 88 Rehablldatbn of Solids Storage Silos C 8 D at P2 23.143.000 1.719 379.300 381,019 22,161.981 Plant No,2 Primary Sludge Feed System Project 22,487,000 3.351.105 951.200 4.302.305 18.184.695 Digester Rehabilitation at Plant No.2 33,411,0D0 - 411.000 411,000 33,006D00 Sludge Deweterhlg and Odor Control at Plant 2 59.520,ODD - - - 59.520000 r Replacement of Drying Beds and Tmcit Wash at Plant 2 4,197,000 - am= 658,300 3,538,800 Digesters'F'and'G'Liner Replacement at Treatment Plant 2,600000 1,204 1,2D4 2,598,796 Subtotal-Solitls Handling 8 Digestion 355.140A00 23.095.609 10,377,400 33,473,009 321,666,991 r Ocean Oullall System Effluent Pumping Station Annex 62.141,000 48,471,999 9,108,2D0 57.580,199 4.510801 GOBS Rehabilitation Assessment Study 200.00D 1,700 1,500 3,205 196.792 Subtotal-Ocean Ou0all Systems 62,341,000 48,473,707 9,109,700 0,583,407 1757593 ul lily Systems Arc Flash Havrd Evaluation 100.000 76.725 1,20D 77,925 SZ075 s Intelplarn Gas Line Rehabilitation 3.172,000 392.4,10 34,400 426,840 2.745,160 Cable Tray Improvements at Plants 1 82 29.80,000 1,368,700 3,081,60D 4,430,3W 25,488,700 Air Quality Improvements 7.166.000 6,075,739 689,500 6,765,239 400.761 _ Central Generation Automation 13,556,000 1.293,638 697,50D 1,991,138 11,566,862 Fire Suppression for Servers and Equipment at Pl 8 P2 921.000 167,883 %.am 224,783 696.217 Electrical Power Calinbubbn System Improvements 8,529.000 - - - 8,529.000 Plant I Wtv Substation 13.487.000 1.218.303 2,848.500 4A66003 9.426.197 r, Gas Compressor Addition at Plant No.2 7,640.WO 943,364 41.900 965264 6.654,735 Electrical Equipment Refurbishment and Protection 4,410,000 932,934 2,924,700 3,857,634 552.366 Plant i Plant Water WD Replacement 1,28SOOD 1.120.649 34,300 1,154,949 131.051 Subtotal-Utility Systems 90.228.ODD 13,590,375 10,390,500 23,980.875 56,247,125 .m (Continued) Section 3- Page 7 FY 2006-07 First Quarter Report Summary of Capital Improvement Construction Requirements -Project Life For the Three Months Ended September 30,2006 Current Total Approved June 30,2006 Year Projected Remaining Project Accumulated Projected Cost at Future Budget Cost Cost June 3D,2007 Budget Odor Control Related Projects Rehabilitation of Odor Control Facilities 44,137,000 5,713,342 1195,100 6,908A42 37,228,5W y Digester Gas Building Odor Central Project 100.000 7,190 56.100 63,290 36,710 Odor Control for New Solids Tuck Loading Station 160,000 2.089 500 2,559 147,411 Subtotal-Odor Control Related Projects 44387,000 5722621 1,251700 6.974,321 37,412.679 Process Related Speclal Projects u Plant O&M Manual and SOP Project-Phase 1 4,000.000 505,537 4.900 510,437 3,489,563 Corrosion Management 4.667.000 351.935 64.200 436,135 4,230,665 Special Projects: Anaerobic Synod Reactor(ABR) 456.000 220,383 104.100 324.463 1W.517 Special Projects: Biobicklilg Filler(BTF) 850,000 756,473 30.000 781 63.527 r Subtotal-Proses Related Special Projects 9,972,000 1,834,328 223.200 2,057,528 7,914,472 Plant Automation&ComputeHation SCADA Historian Replacement 558,0110 1,396 - 1,396 556.604 Time Entry System 310,000 125,723 109.000 234.723 75_7n Power MoNtming and Central Systems 6.76SON 139.w 482,900 622,7411 6,143.256 Fats,Oils,and Grease(FOG)Software 100.000 52,836 22,500 75.136 24.864 Strategic lnformalen Architecture(SIA) 1,995.000 618.231 200.000 818231 1,178,769 pnlemellintenet Development 650,000 267,344 20.300 287.640 362,356 CMMS System Replammem 3,789,OOD 7,345 6,200 11545 3.775,455 PDS21)Software Replacement 250,000 - - - 250,000 Environmental Compliance Awareness Program 1,183,000 232231 764,600 995.631 186,169 Disaster Recevery 21.ODD - - - 21,000 y Geographic Information System 4,157,000 635.629 56,700 892.329 3.464,871 NeM Equipment Upgrade 2,804,000 1247.527 5.900 1,253,427 1,550,573 Subtotal-Plant Attenuation&Compubriraton 22,583,000 3,327,906 1,668,100 4,996,006 17,5861984 Miscellaneous&Support Projects Facilities Engineering Protects-Joint 18,200,000 298,812 373.600 672.412 17,527,588 Facilities Engineering Projects-Plant 1 18.200,000 3.OB6.W3 848,900 3,947,823 14252,1n Facilities Engineering Projects-Plant 2 la.m.000 1,543,691 489.700 2.033.391 16.166.609 Laboratory Rehabilitation 1.652.000 1235.177 27.0110 1282.177 389,W3 y Laboratory Refntishment at Plant No.t 535,000 136,692 139,700 276,392 258,608 Regional FOG Control Collection at Plant No. 1 3,150,000 3.150,000 Plant No.2 tandsmpillg Praject 440,000 53234 386,000 439234 760 Control Center Spam AlnonBon Study 60.000 60000 Small Cap.Equip,Replacement Project 3,250,000 3.006.721 95,500 3.102,221 147,779 We Asset Management Program S,tOD,000 1.324.698 250,700 1,575.398 S.524.= Warehouse Reimention Project S00,000 285.844 16.500 302,344 297.6% Plant 2 Maintenance Building Modifications 522 ON 10.no 118300 128520 393480 Subtotal-Miscellaneous&Support Projects 6—T699.J .000 10,90012 2.� 13,239, 302 Water Management projects y Gmundwalor Replenishment System 248.551.000 150888655 37003200 187891855 60 Mg 145 _ Subtotal-Water Management Projects 248,551,131h0 U�68.655 �01. 3200 B0. 9.145 Strategic&Master Planning y Treatment Plant Stralegic Plan Update 3,620." 2,651,650 587700 3,239,380 380,620 Orange County Siosolids Production Siting Study 500,OW 123.3T7 129,800 253177 246 823 Subtotal-Strategic&Master Planning 4.120.000 2775.057 717.NO .492!557 r (Continued) Section 3 - Page 8 Yr CIP Budget Review Summary of Capital Improvement Construction Requirements -Project Life For the Three Months Ended September 30, 2006 Current Total Approved June 30,2006 Year Projected Remaining r Project Accumulated Projected Costal Future Budget Coat Coal June 30.2007 Budget Research&Development r ❑SBR Brine Management Grant Project 100,000 12,M2 87,600 99,952 48 Subtotal-Research&Development 10Dgg0 12,352 87,600 99.952 4B Additional Dhames to CIP Completed at 6/30/06 115,230,928 110.619,697 3,046,100 113,665,797 1 M5131 Total Treatment and Disposal Projects 2,030,192,928 578,451,364 172,242.800 750,894.164 1.279,498,764 Capital Equipment Purchases 16,606,200 1,488,059 1.606.200 3,092,259 13.513,941 Total collections and Treatment&Dleposal Projects and capital Equipment Purchases $2,607204.621 $ 695,709,418 $ 249,721,300 $ 945.430.718 $1,661,T73.903 .. Section 3- Page 9 FY 2006-07 First Quarter Report r r r r r r r r V This Page Intentionally Left Blank r r V r r r r r Section 3-Page 10 r Capital Facilities & Debt Service Budget Review r Revenue Areas Capital Facilities and Debt Service Budget Review For the Three Months Ended September 30,2006 Capital Facilities Budget Review r Balance Year-[o-Date Balance 07/01106 Addldons 9130/06 CONSTRUCTION IN PROGRESS: sy Treatment Plant $ 548,271,570 $ 41,759,357 $ 590,030,927 Collection System 38.441,765 18,121,310 56,563,075 Subtotal 586.713,335 59,850,667 646,594,OD2 r PROPERTY,PLANT 8 EQUIPMENT tat wall: Land and Property Rights 13,021,480 - 13,021,480 Collection Lines and Pump Stations 466,245,988 - 466.246.986 s Treatment Facilities 736,011,012 - 736,011.012 Effluent disposal facilities 97,014,820 - 97,014,820 Solids disposal facilities 3,074,494 - 3,074,494 General and administrative facilities 172,410,447 172,410,447 r Subtotal 1,487,778,239 1,487,778,23E Total Property,Plant 8 Equipment 8 CIP $ 2,074,491,574 $ 59,880,667 E 2,134,372,141 r r r r Debt Service Budget Review 2006-07 Year-to-Dsts Remaining Budget Pamrants %of Budget Budget ~ Principal Payments by Debt Issue: 1992 Refunding COP $ 7.615,000 $ 7,615,OO1) 100.00% $ - 1993 Refunding COP 5,05D,000 $ 5,050,000 100.00% Moo COP ampoo $ 800,000 10D.00% 2003 COP - - NIA - 2008COP 4,135,000 O.OD% 4,135,DOD ,r Subtotal Principal Payments 17,60 ,000 13,465,000 76.51% 4,135,00D Interest Expense by Debt Issue: s+ 1992 Refunding COP 4,780,747 1.087,255 22.74% 3,693.492 1993 Refunding COP 1.487,510 420,951 28.30% 1,086,55E 2000 COP 7,901,348 1,167,787 14.78% 6,733,561 2003 COP 14.221,250 3,372,204 23.71% 10.949,046 r 2005 COP 8,419,145 1,652,519 19.63% 6,766,826 Subtotal Interest Expense 36,810,000 7,700,716 20.92% 29,109,264 Total Debt Service S 54,410,000 E 27,185,718 38.90% $ 33,244,254 Section 4-Page 1 r 2006-07 First Quarter Report ti This Page Intentionally Left Blank w Section 4- Page 2 .r Self Insurance Budget Review General Liability and Property Fund Budget Review For the Three Months Ended September 30, 2006 r Percent Actual of Budget Remaining Actual r 2006-07 Through Through 2006-07 Through Increase Budget 9130106 9130106 Budget 9130I05 _ (Decrease) Revenues: r In-Lieu Premiums $ 1,466.800 $ 366,730 25.00% $ 1.100.070 $ 540,000 $(173,270) Service Department Allocation 47.000 11.751 25.OD% 35,249 849 10,902 Allocation from Other Funds 10,000 0.00% 10,000 1,225 (1,226) r Total Revenues 1,523,800 378,481 24.84% 1,145,319 542,074 (163,593) Expenses: r Benefits/Claims 200,000 177,216 88.61% 22,784 3,832 173,284 Contractual Services 1.200 300 25.00% 900 300 - r Legal Services 300,000 98,405 32.80% 201,595 55,565 42.840 Professional Services 5,000 1,108 22.16% 3,892 518 590 Subtotal 506,200 277,029 54.73% 229,171 60,315 216,714 r Policy Premium Expense 1,259,90D 300,349 23.84% 959,551 256,333 44,016 Total Expenses 1.766.10D 577,378 32.69% 1,188,722 316,648 260,730 r Excess Revenue(Expenses) (242,300) (198,897) 82.09% $ (43.4031 225,426 (424,323) Beginning Reserves 55,242,300 55,546,842 54,605.086 941.757 r Ending Reserves $55.000.000 $55.347.945 8 54.830.511 517 434 r r r ,r Section 5-Page 1 r FY 2006-07 First Quarter Report Workers'Compensation Fund Budget Review y For the Three Months Ended September 30, 2006 Iy Percent Actual of Budget Remaining Actual 2006-07 Through Through 2006-07 Through Increase y Budget 9130106 9130108 Budget 0/30105 Decrease Revenues: v In-Lieu Premiums $ 310,100 $ 77,525 25.00% $ 232,575 $ 106,250 $(28,725) Service Department Allocations WA - 75 (75) r Total Revenues 310,100 77,525 25.00% 232,576 105,325 (28,800) r Expenses: Benerits/Claims 200,000 31,002 15,50% 168,998 21,858 9,144 I,r Contractual Services 30,000 - - 30,000 6,625 (6,625) Legal Services 50,000 790 1.58% 49,210 4,431 (3,641) V Professional Services 25,000 25,000 Subtotal 305,000 31,792 10.42% 273,208 32,914 (1,122) Policy Premium Expense 221,200 50,436 22.80% 170,764 48,083 2,353 Total Expenses 526,200 82,228 15.63% 443,972 80,997 1,231 y Excess Revenue(Expenses) (216,100) (4,703) 2.18% $ f211.3971 25,328 (30,031) Beginning Reserves 2,216,100 2,281,330 2,288,153 (6,823) Ending Reserves $2.000.000 $2.276.627 $2.313.481 38 854 r I. r y r Section 5-Page 2 V w r om r October 24, 2006 STAFF REPORT Quarterly Treasurer's Report ,r For the Three Months Ended September 30, 2006 SUMMARY r Section 15.0 of the District's Investment Policy includes quarterly reporting requirements for the District's two investment portfolios. These two funds, the"Liquid Operating Monies," and the "Long-Term Operating Monies" are managed by PIMCO,the District's w external money manager. The ongoing monitoring of the District's investment program by staff and Callan r Associates, the District's independent investment advisor, indicates that the District's investments are in compliance with the District's adopted Investment Policy and the California Government Code, and that overall performance has tracked with benchmark r indices. In addition, sufficient liquidity and anticipated revenues are available for the District to meet budgeted expenditures for the next six months. The District's portfolios do not include any reverse repurchase agreements or derivative securities. r ADDITIONAL INFORMATION r Performance Reports The Quarterly Strategy Review, prepared by PIMCO, and the Investment Measurement Service Quarterly Review, prepared by Callan Associates, are attached for reference. r Also attached are Long-Term and Liquid Operating Monies Summary of Performance Data and Portfolio Statistics charts that depict the performance results, estimated yield and duration, credit quality, and sector diversification of the District's portfolios, as of June 30, 2006 and September 30, 2006. The Liquid Operating Monies portfolio, with an average maturity of 55 days, consists entirely of cash equivalent investments such as r U.S. Treasuries and corporate discount notes. Portfolio Performance Summary The following table presents a performance summary of the District's portfolios as compared to their benchmarks for the period July 1 through September 30, 2006, r MSD ♦ P.O.BW 8141 ♦ F9999,1"VMWV QA 9UI 117 • (714)9853411 r y Quarterly Treasurer's Report For the Three Months Ended September 30, 2006 Page 2 of 3 -Portfolio Performance Summary - Quarter Ended September 30,2006 Uquld OW ng Monies Lpng-TTerm parading ones(% y .oFNeOm Bendnoarkm Return Bendhmptrnl;�: _. 3 Months 1.32 1.24 to 6 Months 2.56 2.41 3.10 �+ 9 unths .4] .5 7 Months 4. 4. . 9 Since nceplion Sept 3.83 5.63 5. r, Market Value 59SM $219.5M - Av6rage Quality 'AAA' 'AAA' Current Yield(%) 5.1 4.5 r" Estimated Yield W Maturity(%) 52 5.1 _ Quarterly Deposits Mdrexals) -13.BM .0 Fstimaled Annual Income .1M .BM y (1) Benchmarks: • Liquid Operating Portfolio: 3-Month Treasury Bill Index • Long-Term Operating Portfolio: Merrill Lynch Corp/Govt. 1-5 Year Bond Index Portfolio Market Values Comparative marked-to-market quarter-end portfolio values are shown in the following table,and in the y attached bar chart. UgWd Long-Term W Quarter operating operating Ending Monies(SM) Monles($M) 31 Dec.05 60.1 214.9 W 31 Mar.05 71.9 245.5 - 30 Jun 06 72.8 297.2 r 30 Sep.05 59s 219.5 - y District's Investment Account Balances as of September 30, 2006 y � T. nM ti r -.� IT �' �. r r a ti ` ia' f.`r fK `` . d k Y m a _ State of Calif. LAIF $ 36,841,249 5.02 V Union Bank Checking Account 9B1,822 4.93 Union Bank OvemWht Sweep Account 1,137.000 4.57 - - PIMCO-Short-term Portfolio 59,430.381 5.18 1 . PIMCO-Long-tern Portfolio 216,741244 4.92 6d Petty Cash 4,000 N/A TOTAL �15$�- ]yt896 4.99 V 54 684 49 4.76 Debi Service Reserves wRrustees - y Quarterly Treasurers Report For the Three Months Ended September 30, 2006 Page 3 of 3 District's Cost of Funds on Debt Issues as of September 30, 2006 - - Annual -Cost of Funds Outstanding Interest Issuc Description COP Balance Me('%j 1992 Syn Fixed S 93,120,000 555 1993 Syn Fixed 37,250,000 4.56 2000 VRDO 198,200,000 3.39 2003 Fixed 280,000,000 5.15 2006 VI DO 200,000.000 3.39 r TOTAL %ROR.57I1.(X10 Weighted Avg Cost of Funds 4.30 ATTACHMENTS 1. Historical Yield Curve Graph 2. PIMCO Quarterly Report 3. Quarter End Portfolio Market Value Bar Chart 4. Summary of Performance Data and Portfolio Statistics —Liquid Operating Monies 5. Summary of Performance Data and Portfolio Statistics—L-T Operating Monies 6. Investment Transactions and Balances in LAIF 7. Asset Summary by Asset Type— Liquid Operating Portfolio 8. Asset Summary by Asset Type— Long Term Portfolio 9. Investment Listing of Liquid Operating and L-T Portfolios (Yield Analysis Report). 10. Asset Detail by Currency— Consolidated 11. Custody Transaction History— Consolidated 12. Callan Report (separate bound document) 13. PIMCO Report (separate bound document) 14. Rating Agency Comparisons Prepared by Finance, 10123rAM.2:53 PM HISTORICAL YIELD CURVE 5.50 5.25 5.00 4.75 4.50 4.25 4.00 - 3.75 3.50 $ 3.25 W 3.00 Y 2.75 2.50 2.25 2.00 1.75 1.50 1.25 1.00 — 0.75 0.50 N n a q A e o 0 —0-31-Mm-06 t30Jun-05 t24Sep-05 G:\excel.dta\fin\2220\geggilFinance\Historical7REASURYyieldcurve ( F I ( ! (- ! ( i I- I I , I I ( ( r s P I M C O October 24,2006 r Mr.Mike White, CPA Controller Orange County Sanitation District r 10844 Ellis Avenue Fountain Valley,CA 92708-7018 ,r Dear Mike: The following is a description of events in the bond markets during the 3rd quarter of 2006 in addition to an analysis of the strategies undertaken in the Orange County Sanitation District's Long-Tenn and Liquid portfolios over the period. We have also included is a section on strategies to be pursued in your portfolio during the coming months. r Bond Marker Recap: Bonds Gain Ground in Third Quarter as Interest Rates Fall Fixed income assets fared well in the third quarter as interest rates fell, pushing returns into positive territory for the year through September after a difficult first half of 2006. The Lehman Brothers Aggregate Bond Index, a widely used index of high-grade bonds, returned 3.81 percent in the third quarter and 3.06 percent for the first nine months of the year. On September 30 the benchmark ten-year Treasury yielded 4.63 percent, 51 basis points lower than at the start of the quarter.The 2-10 year portion of the U.S. Treasury yield curve was inverted by 6 basis points at quarter end,4 basis points more than at the end of the previous quarter. r The backdrop for the bond market rally was a weakening U.S. economy, led by the housing and auto sectors. The biggest impact was in housing, where prices fell on a national level for the first time in 11 years, sales volumes fell sharply, inventories soared, a leading index of national r housing affordability hit a 15-year low and mortgage equity withdrawals dropped off.There was also good news on inflation, which continued to run ahead of the Federal Reserve's stated comfort zone. Commodity prices, especially oil and gasoline, which had been major contributors to headline inflation in recent months, reversed course during the third quarter. This turnabout came amid a slowing global economy, calmer geopolitical conditions and the exit of some speculative investors from the global commodity markets. The Federal Reserve noted the declines in housing and energy when it left the federal funds rate unchanged at 5.25 percent for the second consecutive meeting late in the quarter. The Fed's r pause followed two years of rate increases. Interest rates fell overall as investors bet that the Fed r Mr Mike White, CPA October 24, 1006 Orange County Sanitation District Page 2 �. would not just remain on hold but actually cut short-term rates in the coming months to stave off a recession. However,the Fed gave no indication that these expectations were justified, warning investors that it remains concerned about inflation pressures. - Higher Yielding Bond Sectors Continue to Outperform Falling interest rates and flat to declining credit/yield premiums allowed sectors such as mortgage-backed, corporate and emerging market bonds to outperform Treasuries during the `• quarter. The following section adds detail about third quarter performance for fixed income _ sectors. w • Mortgage-backed securities outperformed like-duration Treasuries during the thud quarter. Non-U.S. buyers in search of higher yields supported the mortgage market,as did historically low levels of volatility. �•�+ • The pause in Fed tightening had a positive effect on the corporate bond market, as both high — grade and lower quality credits outpaced Treasuries for the quarter. While the leveraging of company balance sheets for share buybacks and acquisitions eroded overall credit quality, r default rates remained below historical averages. -- • Municipal bonds, which are less volatile than their taxable counterparts, modestly lagged u Treasuries during the third quarter rally in fixed income. Treasury Inflation Protected Securities (TIPS) underperformed nominal bonds of comparable duration in the period, with the exception of longer maturity TIPS, which benefited from perceptions of a slowing y economy. • Emerging market bonds enjoyed a strong quarter, outperforming all other fixed income assets.Risk appetites revived in the sector after a difficult second quarter as improving credit fundamentals led to ratings upgrades for Argentina,Brazil and Peru. _ • U.S. government bonds outpaced their counterparts in most developed economies during the quarter.The perception that the Fed had ended its tightening cycle and might ease in the near future was friendly for U.S. bonds. Investors anticipated that central bank policies would - move in the opposite direction in many other developed economies. Performance Attribution: Long-Term Portfolio 'w The Long-Term portfolio that PIMCO manages on behalf of Orange County Sanitation District returned 2.64 on a total return basis over the quarter, outperformed the Merrill Lynch 1-5 year - Government Corporate Index by 16 basis points. The following points summarize returns for the y month ended September 30: • Your portfolio outperformed its benchmark for the quarter • Interest rate strategies anticipating a cooling economy helped returns,but our _ expectations for wider credit premiums on riskier assets did not yet come to pass • The following strategies added to returns during the quarter: V Mr Mike "tie, CPA October 24, 2006 Orange County Sanitation District Page 3 D Extending duration longer than the index,as rates fell ➢ A mortgage emphasis; security selection and incremental yield enhanced returns D Longer duration real return bonds, which outpaced comparable nominal bonds - as the economy weakened • The following strategies detracted from quarterly returns: D An underweight to corporates, which continued to outperform Treasuries — despite negative credit trends Liquid Portfolio - The Liquid portfolio that PIMCO manages on behalf of Orange County Sanitation District generated a total return of 1.24 percent during the quarter, outperforming the 3-month Treasury Bill Index by 8 basis points. The following points summarize returns for the period ending June — 30,2006: • Your portfolio outperformed its benchmark for the quarter ,r • Interest rate strategies anticipating a cooling economy helped returns Near-benchmark duration was neutral for performance • Holdings of higher yielding securities such as commercial paper and short-term notes contributed to performance _ Economic Outlook. Continued Slowdown Likely, With Risk of Deeper Downturn - The most likely outcome for the global economy over the next several quarters is for slower growth with inflation near or slightly higher than current levels. What is more 'important from PIMCO's perspective is the distribution of risks around this forecast, which we believe tilts — toward a sharper-than-expected slowdown and lower inflation. The key elements of our outlook include: �r • Housing Contraction Could Trigger Weaker Economy—The current slowdown in the property market, which has already helped curtail growth, may intensify in the months ahead. Given modest growth in real disposable income, the greatest risk is that the - downturn in housing, amplified by weakness in the auto sector, could have a large enough effect on the consumer to drive the economy toward a recession. Weakness in the property market is depicted in the graph below, which shows that median U.S. home prices recently declined for the first time in more than a decade. • Faster Growth Possible, But Not Probable — Growth could turn out to be faster than PIMCO expects, but this outcome is less likely. In this case, the cyclical correction in r - 1� Mr. Mike While, CPA October 24, 2006 Orange County Sanitation District Page 4 �r energy prices now under way will have a more powerful effect on consumer purchasing W power than the housing downturn. • Fed Tightening Finished,Cuts May Come In Neat Few Months—Should the housing downturn deepen and flow through to consumption, the Fed will ease to forestall a recession. This could potentially drive the federal funds rate toward 4 percent from the current 5.25 percent. • Inflation Modestly Higher, But Contained —The culprits in higher inflation have been _ increased housing rental rates, rising unit labor costs and higher energy prices. Going forward, the decline in the housing sector and weaker global growth should help contain u these pressures. Financial markets see inflation as relatively benign over the longer term, _ as evidenced by the modest inflation expectations observable in the market for longer dated Treasury Inflation Protected Securities(TIPS). • Europe and Japan on Slower Path as Well — Deceleration in European growth will come from fiscal and monetary tightening. Germany will see a substantial boost in its Value Added Tax next year and the European Central Bank (ECB) will continue raising rates to bring headline inflation back within its target zone. Asia/Japan will likely see a -- modest slowdown as weaker U.S. growth crimps durable goods exports. The Bank of Japan will tighten at a measured pace so as not to threaten Japan's recovery. • Emerging Markets Resilient as Global Growth Cools—Emerging economies will feel v the impact of decelerating U.S. growth and lower commodity prices but these effects will be far less severe than in the past. Improvement in their economic fundamentals, - including more flexible exchange rates and abundant currency reserves, will cushion the blow. Position Portfolios For Price Gains Amid Slowing Economy PIMCO will remain focused on higher quality assets that should perform well in the event of a '•' sharper-than-expected downturn. In addition, we will pursue strategies that seek price gains _ rather than yield enhancement.These positions will include: V • Interest Rate Strategies—We will target duration above the index in an effort to capture _ gains from falling rates as the economy weakens. PIMCO will emphasize shorter maturities that should gain as markets continue to anticipate Fed easing. w • Mortgage-Backed Bonds — Mortgages remain a source of high quality yield for portfolios in an environment where riskier assets are fully valued. PIMCO plans to retain its overweight to this sector and also seek gains from security selection. We also plan to — emphasize asset-backed bonds, where even after strong recent performance attractive valuations remain available along with the potential ample collateral protection. • Corporates/Emerging Markets — Thin credit premiums in these sectors remain at risk of widening as the global economy weakens and risk aversion heightens. PIMCO N u s Mr. Mike White, CPA October 24, 2006 ,r Orange County Sanitation District Page 5 therefore plans to continue to underweight corporates and hold only modest levels of •' high quality emerging market credits. • TIPS and Municipals — TIPS valuations are not especially compelling, so we plan to maintain relatively small positions as a hedge in case inflation accelerates more than expected. PIMCO would look to add TIPS opportunistically should breakeven inflation levels decline from current levels. Municipal bonds, with their stable base of retail •+ investors, have the potential to outperform their taxable counterparts if interest rates move higher. However, should municipal yields decline further relative to Treasury yields,PIMCO would look to trim these positions. r • Non-U.S. — We plan to take modest positions in U.K. and European bonds, which offer the potential for price gains relative to Treasuries. Valuations of these bonds reflect ,. expectations of more and faster central bank tightening than we believe is likely. • Currency—PIMCO expects the U.S. dollar to be weak over a cyclical and secular time horizon. Cyclically, the end of Fed tightening could result in flows of capital out of the dollar toward markets with rising yields. Over a longer time frame, a weaker dollar will be needed to help reverse the massive U.S. trade deficit. PIMCO plans to take positions r in the yen,emerging market currencies and the euro to hedge against dollar weakness. Strafe .r The following list highlights the strategies that will be used in the Long Term portfolio in the coming months: r Maintain high quality focus and employ strategies that seek price gains rather than yield enhancement r • Target above-index duration given prospects for a slowing economy and downward pressure on rates • Focus on shorter maturities in the U.S.,which should outperform as we expect the U.S. yield curve to steepen • Retain emphasis on mortgages, which continue to be a source of high quality yield;also look r to add value via security selection Underweight or de-emphasize bonds, where thin credit premiums are at risk of widening as global growth weakens and risk appetites abate • Take modest exposure to TIPS, which are near full value, but offer a hedge against higher- than-expected inflation. - The following list highlights the strategies that will be used in the Liquid portfolio in the coming months: r r r r Mr. Mike White, CPA October 24, 2006 Orange County Sanitation District Page 6 • Employ diversified strategies in portfolios, focusing on the short end of the yield curve and r high quality assets • Focus on shorter maturities in the U.S., which should perform well as we expect the U.S. yield curve to steepen r • Continue to hold high quality,short duration asset-backed bonds as a potential source of high quality yield r We look forward to discussing these and other topics with you in the near future. _ Best regards, '•' r Christine Telish,CFA John M. Miller, CFA — Vice President Executive Vice President r r V r V r ti r w r V r OCSD krveaonerd Management Program Quarter End Portfolio Values (Marked- Market) $400,000,000 $350,00D,000 — 630D,000,00D — $250,000,000 — $200,000,000 $150,000,000 6100,000,000 — $50,000,000 -- 60 30 Jun 05 30 Sep 05 31 Dea 05 31 Mar 06 30 Jun 06 30 Sep 06 0 Liquid Operating Monies MLong-Term Operating Monies Summary of Performance Data and Portfolio Statistics Orange County Sanitation District Liquid Operating Portfolio loxesr wmm w.anna..a o.xl,aan ■ER®®®®®®® 10 Total Portfolio ;Fs X Before Fees 1%) 4.24 4.10 2.47 2.83 4.69 3.64 2.511 1.32 DftmW f0-Yr.eklp After Fees l%) 4.09 3.95 2.31 2.67 4.54 3.52 2.49 1.27 a ML 1a Yr. Index(%)2 3.83 3,68 2.22 2.65 4.41 3.47 2.41 1.24 n A Tacna, 4 !PoMalb In4e. 2 o 0 2 4 e e 10 SIaMBN DeN.11on el Reluma(%) %of Market Value Duratlon In Yrs . • . . Ir. I I1. � I I1. r II. . I rr r Ir. Total Market Value(SMM) 72.8 59.8 Govemment/Agency 19 5 0.0 0.0 Quarterly Contributions($MM) 0.0 -13.8 Mortgage 0 0 0.0 0.0 Estimated Annual Income($MM) 3.5 3.1 Invest.Grace Credo 0 1 0.0 0.0 Estimated Yield to Maturity(%) 5.1 5.2 High Yield Credit a 9 0.0 0.0 Estimated Duration(yre) 0.1 0.2 Non U.S.Developed 0 0 0.0 0.0 Average Maturity(ym) 0.1 0.2 Emerging Markets 0 0 0.0 0.0 Average Quality AAA AAA Municipal/Other 0 0 0.0 0.0 Average Coupon(%) 4.0 5.1 Not Cash Equivalents:' 81 94 0.1 0.1 Net Currency Exposure(%) 0.0 0.0 Commercial Paper/STIF 55 68 0.1 0.1 Tracking Enor(3 ym,%)4' 0A 0.1 ST Govemmen6Agency 0 0 0.0 0.0 Information Ratio(3 yrs)4' 2.5 3.1 Certificates of Deposit 9 7 0.0 0.0 See example of tracking error Information ratio an Money Mkt Futures/Options 0 0 0.0 0.0 footnote page of the Appendix. Other 17 19 0.0 0.0 Less:Liabilities 0 0 0.0 0.0 Total 100 100 0.1 0.2 Sae footnotes In Appendix. 2 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 Summary of Performance Data and Portfolio Statistics Orange County Sanitation District Long Term Portfolio 10.Y.Ra4n,vs.SWM�4 paNxtlw a Total•Portfolio' 6 fie" �cw0tlle i Before Fees (%) 5,63 5.64 3.92 2.82 4.29 3.58 3.10 2.64 y 4 After Fees(%) 5.48 5.48 3.76 2.66 4.12 3.46 3.03 2.60 - A Clagraua 3 a` 2 Mo Merrill 1-5 Year GoVLCom.1 )° 543 5 43 3,57 2.18 3.79 3.20 3.01 2.48 0 0 2 6 0 SlanEard pevulun ar ReW e'(%) %of Market Value %of Duration Total Market Value($MM) 297.2 219.5 Government/Agency 84 79 78 72 Quarterly Contributions(SMM) 50.4 -85.0 Mortgage 12 16 16 20 Estimated Annual Income($MM) 13.0 9.8 Invest.Grade Credit 1 1 0 1 Estimated Yield to Maturity(%) 5.5 5.1 High Yield Credit 0 0 0 0 Estimated Duration(yrs) 2.8 2.6 Non U.S.Developed 0 0 0 0 Benchmark Duration(yes) 2.4 2.4 Emerging Markets 0 0 0 0 Average Matudly,(yes) 3.2 2.9 MunicipallOther 0 0 0 0 Average Quality AAA AAA Net Cash Equivalents3 3 4 6 7 Average Coupon(%) 4.1 4.5 Commercial Paper STIF 6 1 0 0 Net Currency Exposure(%) 0.0 0.0 ST GovemmenVAgency 22 22 5 6 Tracking Error(3 yrs.,%)a' 0.6 0.4 ST Mortgage 1 1 0 a Information Ratio(3 yrs.)° 1.2 1.6 ST Credit 10 12 1 1 See example of tracking error l information ratio on Money Market Fulures/Opbons 0 0 0 0 footnote page of the Appendix. Other 1 6 0 0 Lass:Liabilities -37 -38 0 0 Total 100 100 100 100 See footnotes in Appendix. 2 V Orange County Sanitation District Investment Transactions and Balances in the State of California Local Agency Investment Fund v September 30, 2006 v Par Value Book Value Market Value Rate Yield Balance September 1,2006 $21,941,249 $21,941,249 $21,941,249 5.02 5.02 u Deposits: 9252006 39,000,000 39,000,000 39,000,000 5.02 5.02 Total Deposits 39,000,000 39,000,000 39,000,000 5.02 5.02 u Withdrawals: u 9/12006 (1,200,000) (1,200,000) (1,200,000) 5.02 5.02 9172006 (8,500,000) (8,500,000) (8,500,000) 5.02 5.02 9/132006 (2,400,000) (2,400,000) (2,400,000) 5.02 5.02 L✓ 9212006 (9,000,000) (9,000,000) (9,000,000) 5.02 5.02 9262006 (3,000,000) (3,000,000) (3,000,000) 5.02 5.02 Total Withdrawals (24,100,000) (24,100,000) (24,100.000) 5.02 5.02 Balance September 30,2006 $36,841,249 $36,841,249 $36,841,249 5.02 5.02 v V 4r I,y V V Report ID: GL8251 Asset Summary© Mellon by Asset Type with Sectors Alternate eaarreacy:Base cae Currency: USD Exchange Rate: LIQUID OPER-PIMCO- OCSM7511102 9 30 2006 status: FINAL - - - NetUnrealiied - Cost Market Value . . % of Gain/Loss Descript�iop-e Shares Par Base Base Total Base CASH A CASH EQUTV LENTS U.B.DOLLAR INTEREST 368,340.99 368,340.99 0.62% 0.00 CERTIFICATES OF DEPOSIT-DOMESTIC 4,100,000.000 4,100,127.18 4,100,127.18 6.86% 0.00 COMMERCIAL PAPER-DISCOUNT 7,200,000.000 7,113,771.53 7,113,771.53 11.90% 0.00 FED HM LOAN BNK-LESS THAN IYR 16,300,000.000 16,034,975.17 16,034,975.17 26.81% 0.00 FEDERAL ROME LOAN MORTGAGE-LESS THAN I YR 6,900,000.000 6,733,876.99 6,733,876.99 11.26% 0.00 FNMA ISSUES-LESS THAN IYR 7,586,000.000 7,412,868.67 7,412,868.67 12.40% 0.00 MUTUAL FUNDS 104,755.870 104,755.87 104,755.87 0,18% 0.00 OTHER U.S.GOUT OBLIGATIONS 3,200,000.000 3,179,560.00 3,179,560.00 5.32% 0.00 REPURCHASE AGREEMENTS 11,400,G00.000 11,400,000.00 11,400,000.00 19.06% 0.00 U.E.DOLLAR 56,790,755.870 56,448,276.40 56,448,276.40 94.40% 0.00 CASH 6,CASH EQUIVALENTS 56,790,755.870 56,448,276.40 56,448,276.40 94.40% 0.00 FDUED INCOME SECURITIES U.B.DOLLAR BANKING 8:FINANCE 300,000.000 299,708.10 299,904.00 0.50% 195.90 OIL 8:GAS 200,000.000 200,000.00 200.030.00 0.33% 30.00 U.S.AGENCIES 2,865,000.000 2,844,317.55 2,850,511.55 4.77% 6,194.00 U.S. DOLLAR 3,365,0D0.0DO 3,344,025.6s 3,350,445.55 5.60% 6,419.90 FMD INCOME SECURITIES 3,365,000.000 3,344,025.65 3,350,445.55 5.60% 6,419.90 TOTAL ASSETS- BASE: 60,155,755.870 59,792,302.05 59,798,721.95 100.00% 6,419.90 10111/2006 8:43:44AM PDT 1 workbench u u u (THIS PAGE INTENTIONALLY LEFT BLANK) IWI IW IW W I� WI IyI IWI W Report ID: GL8251 Asset Summary Base Currency: USD @/ Mellon by Asset Type with Sectors Altemate Base Currency: Exchange Rate: LONG TERM OPERPIMCO-OCSF07522202 9 30 2006 Status: FINAL Net Unrealized Cost Market Value % of Gain/Loss Description - Shares Par Base Base Total Base CASH A CASH EQUIVALENTS AUSTRALIAN DOLLAR INTEREST 11,016.45 10.824.42 0.00% -192.03 U.B.DOLLAR PENDING TRADES -83.096.481.59 -83.096,481.59 -37.87% 0.00 INTEREST 2,659,289.04 2,659,289.04 1.21% 0.00 MUTUALFUNDS 1.140,272970 1,118,272.97 1,148,272.97 0.52% 0.00 REPURCHASE AGREEMENTS 11.000.000,000 11,000,000.00 11,000,000DO 5Dl% 0.00 U.B. DOLLAR 12,148,272.970 .63,288,919.58 -68.298,919.58 -31.12% 0.00 CASH&CASH EQUIVALENTS 12,148,272.970 .68,277,903.13 -68,278,095.16 -31.12% -192.03 PLED INCOME SECURITIES U.B.DOLLAR BANKING&FINANCE 23,950,000.000 23,936,771.60 23,956,432.00 10.92% 19,6W.40 COLLATERALIZED MORTGAGE OBLIGATION.AGCY/ 1,000,000.000 981.250.00 984,950.DO OAS% 3,700.00 COLLATERALIZED MORTGAGE OBLIGATION COMM/1 651,080.080 651,080.08 659,778.51 0.30% 8.698.43 FHLMC MULTICLASS 2,745,128.400 2,709,088.40 2,710,040.12 1.24% 951.72 FHLMC POOLS 30,202.190 29,466.00 30,606.90 0.01% 1,140.90 FNMA POOLS 31,095,462.610 31,455,081.73 30,710,934.66 14.009A -744,147.07 FNMA REMIC 998,733.430 975,868.35 981,081.28 0.45% 5,212.93 GNMA MULTI FAMILY POOLS 1,849,437.580 1,844,218.98 1,882,807.86 0.86% 38,588.88 GNMA SINGLE FAMILY POOLS 4,853.640 5,D94.05 4,999.78 0.00% -94.27 INDUSTRIAL 1,400,000.000 1,400,000.00 1,401,526.00 0.64% 1,526.00 INFLATION INDEXED SECURITIES 3,456,543.000 3,472,179.80 3,388,882.86 1.54% -83,296.94 OIL&GAS 600,000.000 600,000.00 600,090.00 0.27% 90.00 PVT PLACEMENTS-MORE THIN IYR 752.000.000 826,199.84 826,199.84 0.38% 0.00 U.S.AGENCIES 92,350,425.300 89,839,009.59 90,314,644.60 41.16% 475,635.01 U.S.GOVERNMENTS 129,492,830.840 127,338,926.07 127,634,969.48 58.17% 296,043.41 UTILITY-ELECTRIC 900,000.000 900,000.00 901.404.00 0.41% 1,404.00 UTILITY-TELEPHONE 700,000.000 700,000.00 700,105.00 0.32% 105.00 U.S. DOLLAR 291,976,697.070 287,664,234.49 287,689,452.89 131.12% 26,218.40 FIXED INCOME SECURITIES 291,976,697.070 297,664,234.49 287,689,452.89 131.12% 25,218.40 1011112006 8:47:OOAM PDT 1 Workbeneh Asset Summary Report M: GL8251 Base Curreney: USD / Mellon by Asset Type with Sectors Alternate Base Currency: Exchange Rate: LONG TERM OPERPIMCO-OCSM75222M 9 30 2006 Status: FINAL - - Net Unrealized Cost Market Value % of Gain/Loss Description Shares Par Base Base Total Base TOTAL ASSETS-BASE: 304,124,970.040 219,386,331.36 219,411,357.73 IW.W% 25,026.37 1011112006 8:47.-00AM PDT �9 wor i__. d [ 1 I I I 1 I I I I I I I I I 1 1 Q YLOABBL Y. ARALYBIB PAGE 1 1 OCBPo3511102 2006/09/30 RON DATE , 10/25/06 DISRICT, LIOOID OPERATING SON TINS , 14.29.35 PAR OALOS TIN AT CORRBRT SOODY NMKET TOTAL COST/ t TYPB SBCORITE ID SRCORIT2 DROCRIPTION BWB YIRLO 6-P PRICE NARRST VA3AB t 401'N. CA6B 6 CABR BDGIVA3 s 100,000.00 BOREAORICA COOP DISC .000 .000 99.691 592,OBI.50 1.05 0660PI=9 11/14/2006 592,D87.50 1.00 11700,000.00 BARSAILLRICA CORP DISC .000 .000 98.658 1,677,13I.50 2.99 0660PIL17 11/01/2006 1,6II,171.50 2.02 400,000.00 BONAN@RICA CORD DISC .000 .000 98.684 394,735.00 .DU 0960PIMS 12/06/2006 394,735.00 .66 2,500,000.00 CITIGROW YDG INC DISC .D0O .000 99.045 2,476,121.53 4.41 I]30)SEdO 10/10/2006 2,476,121.53 4.17 1,100,000.00 CITIZENS BANE OP m INSn C/D .000 5.430 100.00I 1,700,127.18 3.03 1NOIEAR9 5.4301 11/09/2005 DO 08/10/06 1,100,124.1E 2.06 3,306,000.00 RDORBL WHE IN BE CONS DISC .000 .000 99.699 3,290,067.00 5.06 31339SJ31 MAT 10/04/2006 3,290,067.00 5.54 6,IOO,DOD.DO RDRUL BONG LR BR CONS DISC .000 .000 98.710 6,021,280.14 10.33 3133851,38 I T 10/20/2006 6,021,290.14 10.13 1,000,000.00 RDERAL EONS LR BE CONE DISC .000 .000 92.681 1,I16,250.06 3.16 31330SH76 11/OIIZ006 1,I36,250.06 2.99 2,900,000.00 PBDBRAL BONS IN NTG CORD DISC .000 .000 97J63 2,726,150.00 4.06 313396AY9 NAT O1/23/2007 2,726,190.00 4.59 2,900,000.00 PODESAL H02@ = S1G COMP DIM .000 .000 99.901 2,039,132.93 5.06 313396M SAT O1/29/2007 2,B39,133.83 4.78 2,400,000.00 PSDERAA BONE 3.M OR CONS DISC .000 .000 96.150 3,269,099.06 5.82 313396ON0 04/03/2007 3,269,099.06 5.50 1,700,000.00 RDSRAS BOSS LR NTG CM DISC .000 .000 98.722 1,670,270.91 2.99 313397R65 MAT 10/31/2006 1,670,279.91 2.92 200,000.00 RDERAL MM M M COO DISC .000 .000 90.742 99,742.33 .1I 313397P43 SAT 11/14/2006 98,742.33 .17 1,100,000.00 ROBRAL 80218 m ST0 CORD DISC .000 .000 97.259 1,069,850.83 1.90 313197BBS NAT 12/12/2006 1,069,850.03 1.80 YLDANAL YIm AMLYBIe PAM t 2 MSP07311102 2006/09/30 M DAPS , 10/2S/06 DIB x=3 LIQUID OPZM M DM TIM , 24.99.35 In VALUE PM AT CUBABBT NOODY MMRT TO101L CO3T/ 9 TYPE MCUIIITY ID BOCMITY M6CAIPTIM BOOK IBID 6-P PNI® NABRT VMM B TOTAL 4,300,000.09 PBDBBAL BAIL m ABM OIBCOONT .000 .000 97.695 4,192,270.99 ).9) 313598MI MT 01/03/2007 4,112,270.89 7.05 300,000.00 "mIt . BAIL NTO ABM OIBCOUBT .000 .000 97.300 292,140.00 .52 313588MG MT 01/24/2007 252,140.00 .69 200,000.00 TBDTBAL MTL M ASSN DIBCOVNT .000 .000 96.179 192,358.00 .36 11358BCT0 MT 02/23/2007 192,35B.66 .32 1,896,000.00 FTD6 MTL NTO A6M DISCOUNT .000 .000 91.729 1,843,166.04 3.29 31358ML7 MT 02/22/2007 1,843,166.84 3.10 900,000.00 PBDMAI. MTL NTO ASSN DISCOUNT .000 .000 11.215 012,932.50 1.51 31358PP56 NAT 21/15/2006 812,132.50 1.50 2,000,000.00 O8U68AL MC CAP DISC .000 .000 P-1 96.682 1,973.6SO.00 3.51 36931=1 11/14/2006 11973,650.00 3.32 3,200,000.00 ? 08B6 VALLBT WIN DISC =3 .000 .000 91.361 3,179,560.00 5.66 990590M6 MT 11/02/2006 3,171,560.00 5.35 2,400,000.00 W8LL9 PAB00 BMA M C/0 .DOD 5.260 100.000 2,400,000.00 6.21 9497PSTSO 5.2600 10/03/2006 OD 09/22/06 2,400,000.00 4.06 11,400.000.00 CB POD GT 1 BIDM NBFO .000 5.050 100.000 11,400,000.00 20.32 914610633 05.05UB 10/02/2006 DD 01/21/06 11,400,000.00 19.18 100,)55.8) MBYTUS TAB6BOBY CAM 110114 .000 5.069 AAA 100.000 104,155.67 .10 996085267 AAA 104,755.97 .18 50TAL CA80 6 CAM 8QU1VAL111TS .000 .335 56,079,935.61 100.00 56,0)1,935.61 96.3636 PIM IBCOM 0BC00312188 200,000.00 COBOCOPBILLIPB OTD PT .000 5.369 Al 100.025 200,009.00 5.97 20925CAL8 VAB BY 04/11/2007 OD 04/11/06 4- 200,030.00 .36 4004000.00 PBD88AL mm M MB Cori BD .000 5.252 19.970 399,250.00 11.13 3133T 9 3.2500 12/29/2006 M 09/21/06 AAA 399,880.00 .67 E - U C - [ - { - [ [ C - [ - [ ( - [ [ V t- C l [ 1 I I I 1 [ 1 [ I I I [ L I l [ l MDAMAt YIeAD ANAt3BI6 PADS 3 MM7511102 2006/05/30 RON DATB 1 10/25/04 DISTRICTS LIQUID OPEMTIND RUN TIMM 1 14.20.33 PAR VALOM ITS AT CWBUT MOODY MAMBT TOTN. CDUT/ 6 TYPE RDCORITY ID MCURITY DRBCRIPTION TUCK YIELD 8-P PRICE MEANT VALUE 6 TO= 365.000.00 32DERAL EONS IS! US CONS SD .000 2.391 AAA 9B.663 259,295.05 10d3 3135911U73 2.350% 04/05/2007 0D 04/OS/04 AAA 360,201.55 .91 2,100,000.00 1202RAL RAIL ENS ASSN AIR .000 3.642 AAA 99.544 2,005,772.50 62.39 3136P6VJ5 3.625% 02/02/2007 DO 02/02/05 2,090,424.00 3.52 300,000.00 SSW PIN CORD 6=00290 .000 5.302 AA3 99.968 299,709.10 8.95 40429=98 5.300% 00/15/2007 DD 08/24/06 AA- 299,904.00 .50 -------- ------- ------- TOT11L FIXED INCOM SECURITIES .000 4.063 3,344,023.63 100.00 3,350,445.55 5.64 TOTAL .000 .590 59,423,961.06 100.00 $9,430,380.06 100.00 FIIDBAAL YIELD ANALYMIO PAOB 4 O 07522202 2006/09/30 RUM DRID 20/25/06 DISTRICT2 LIMO-TERM OPERATING A012 TLE 14.29.35 PAR VALOR YTM AT CDERERT MOODY NARIET TOTAL COST/ I TYPB SECURITY ID BECORIT9 DESCRIPTION BOGS YIBLD M-P PRICE MAEET VALVE 8 TOTAL CABS 6 CABB MDDIVALERTM 11,000,000.00 CB POB CAT 1 A8P0 R8F0 .000 5.050 100.000 11,000,000.00 90.54 114613433 05.05D8 10/02/2006 DO 00/29/06 11,000,000.00 3.6E 1,140,232.9E DA9YFVS TREEORT CASE HOW .000 5.069 AAA 100.000 1,140,272.91 1.45 99608524E AM 1,148,272.9E .38 TOTAL CABM 6 CRAB 900IVALEEB .000 5.052 12,148,272.97 100.00 12,14B,2E2.9E 4.05 PIKED INCOME SECORITIRO 752,000.00 AIO 00RNANPICA 04MBAL AND 6 .000 5.325 109.867 626,199.84 .29 000907AA0 5.950% 09/01/2009 DO 09/09/01 026,199.04 .20 1,400,000.00 BABE AREA M NMR ITN00209 .000 5.484 AA1 100.015 1,400,000.00 .40 OGDBCTJ82 VAR AT 07/25/2000 DO 07/25/06 1,400,210.00 .47 70Ct000,00 B6LLBOOTB CORP MT .000 5.579 A2 IDO.015 706,000.00 .24 07986OAN4 VAR AT 00/15/2009 DO 08/07/06 A 700,105.00 .23 2,400,000.00 CIT GROUP INC HIM IM00092 .000 4.576 A2 100.312 2,400,000.00 .83 12SGOPMO VAR AT 05/23/2008 DO 05/25/05 A 2,407,488.00 .60 1,200,000.00 CITICROUP IBC OIABAL 8R MT .000 4.305 AA1 100.125 1,200,000.00 .41 172967DM9 VAR RT 05/02/2000 DO 05/02/05 AA- 11201,500.00 .40 600,000.00 CONOCOPDILLIPM OW MT .000 5.369 Al 100.015 600,000.00 .20 20025CAL8 VAN RV 04/11/2007 DO 04/11106 A- 660,090.00 .20 11900,000.00 FEOERAL HCRR LN = COBP MTN .000 3.750 AAA 17.628 1,837,359.38 .64 312BX0455 3.100% 10/23/2008 DO 04/23/03 AAA 1,854,742.0D .62 200,000.00 }BOREAL BONG LM MTo co" WIN .000 3.431 AAA 95.999 109,236.00 .06 3120XIM9 3.290E 06/16/2009 DO 06/16/03 AAA 191,779.00 .06 6,342,000.00 FEDERAL RIDGE LB MTO COAP MTR .000 3.723 AAA 95.230 5,914,180.94 2.09 3128E1BS2 3.545E 07/07/2010 DD 07/07/03 AAA 6,039,406.60 2.01 1,066,000.00 FEDERAL BOMS LB DOD CORP NTM .ODD 3.160 AAA 16.830 2,015,531.56 .35 31191=7 3.060E 07/19/9008 DD 07/15/03 AAA 1,032,207.00 .34 C- C - C E C i C t C [ C E C l I 1 1 1 1 1 1 1 1 1 1 [ [ [ [ [ [ d TWAEAL YIELD ANALYSIS PAGE t S OCSPo3622202 2006/09/30 ROE DATE .1 10/2S/06 DISTRICT. SANG-TERN OPERATING ROD TINE . 14.29.35 PM YALGN YTD AT CEMENT NODDY MUST TOT11L COST/ B TYPE SECORITY ID MCBRIW DESCRIPTION BOO! ?IBM 8-P PRICE NARENT Y uff 6 YdlAt ------_--------- ----------------------------- ------- ------- ------ ------- ------------ --------- 400,000.00 FEDERAL WEB M NIE COBS NTE .000 4.002 MA 97.995 391,600.00 .13 3228Y1YE4 4.000% 09/19/2009 W 08/19/03 AM 391r98D.00 .13 51000,000.00 FEDERM DOES M NT0 CORP KID .000 4.539 AM 98.38E 8.920.20D.00 2.06 312824W1 4.4B04 09/19/2009 W 09/19/05 AM 5,927,280.00 1.9B 5,300,000.00 MDSML WIFE In M CO" NTN .000 4.264 AAA 99.666 5,293,272.72 1.83 312824DC8 4.250% 04/05/2007 DO 10/05/05 AM 5,282129B.00 1.36 9,600,000.00 9YDENAL BONE LN NIG C08P NTN .000 4.915 MA 11.997 9,767,611.00 3.31 312BR4ST9 4.9000 11/63/2008 DO 11/03/05 AM 9,770,267.70 3.26 125,000.00 MDBRIIL WIFE iA m 4 TR 00166 .000 4.015 AM 18.155 121,562.50 .04 3133P1CT9 4.0000 06/15/2008 DO 06/24/04 AM 122,613.75 .04 1,240,000.00 PSDEEM WRE ]A ME CONS W .000 3.567 MA 90.135 1,204,131.25 .42 3133MM4 3.5004 02/11/2008 DO 02/11/01 AM 1,2261B34.DD .41 18,300,000.00 FEDBAAL WEE LE BR8 CONE BD .000 4.569 AAA 90.489 17,015,965.00 6.26 3133RC6Y4 4.5000 06/22/2010 W 06/22/05 AAA 18.023,527.26 6.01 2,700,000.00 FEDERAL HONN M US CONE W .000 1.094 AAA 91.270 2,565,020.00 as 3133R3801 OM NT 02/27/2012 W 02/27/04 AM 2r4641290.00 .82 5,000,000.00 MOSUL WIFE IS US CONS W .000 4.103 AAA 90.499 4,961,328.13 1.69 313323EI4 4.000% 02/10/2009 DO 02/19/04 4,074,950.00 1.63 2,400,000.00 MERI L WM M MN CODE BE .000 3.912 AM 90.5I0 2,320,500.00 .81 313324MBO 3.835E 03/24/2009 W 03/24/04 2,341,680.00 .36 300,000.00 FEDEML WDS M MS CONS W .000 3.220 AAA 17.754 210,390.63 .10 313325UW 3.030% 12/29/2007 DO 03/21/04 293,262.00 .10 720,000.00 FEDEM2. WHE IN ENS CORN BD .000 3.086 AM 93.209 690,343.20 .24 31332SD70 3.0004 04/07/2000 W 04/07/04 699,904.80 .23 1,700,000.00 MEERAL WNE LE ME CONE SO .000 3.081 AAA 97.306 1,638,109.32 .50 3133254R6 3.010% 13/20/2007 W 02/29/04 1,661,002.00 .55 250,000.00 MERRIL NOW IN US CODE W .000 3.909 AM 98.012 242,140.44 .09 313328=6 3.100% 10/21/2000 00 10/21/04 245,030.00 .09 700,000.00 FEDERAL DOES IN MS CONS BD .000 4.293 MA 93.844 759,291.25 .26 3133Y9W3 4.200% 03/13/2001 W 12/15/04 763,103.20 .25 YLDARAL YIELD MPyY8I8 PAGE 1 6 MSP07522202 2006/01/30 Rum OPTS 9 10/25/06 DISTRICTI WRO-TERN OPERATING ROB TINE . 14.29.35 PAR 9AL0E YTN AT CtOSLUT NDODY MUST TOTAL CORT/ 0 TYPE SECORITY ID SBCMITY MSCRIPTIM BOOR YIELD S-P PRICE MUST 0 W 4 TdTAL 300,000.00 PEDERAL How Y US COPE DO .000 4.059 AAA 99.535 291,423.D0 .10 3133"Q45 STEP 12/15/2011 DD 12/15/04 205,605.00 .20 1,200,000.00 PIMML MEN CR US CDES BYS .000 4.437 MA 99.042 11169.433.50 .40 32331SC68 4.3504 06/15/2009 DD 06/15/05 1,176,504.00 .39 3,000,900.00 ]SDSRAL BONE w EAS CORE m .000 4.184 AAA 95.613 2,882.343.35 .99 31339=M 4.000E 03/19/2GII DD 06/19/03 AAA 2,968,390.00 .96 5,100,000.00 FEDERAL Rom m US COBS BD .DDO 4.102 AM 97.511 4,960,546.BB 1.72 313393RP3 BTSP 01/16/2009 D0 07/16/03 AM 4,973,061.00 1.66 245,000.00 Fff 8 ROM M US CONS M .000 3.641 AAA 96.959 235,550.35 .08 31329TMS 3.530% 01/20/3DO9 DD 01/29/03 237,541.55 .08 150,000.00 mmnN MRS 1.22 US CONS DD .000 3.612 AAA 16.E81 144,002.00 .05 313391167 3.5001 01/30/2009 DD 07/30/03 145.330.50 .05 100,000.00 73DSIWL SOLAR M US CORE BD .000 4.061 AM 98.350 97,922.00 .03 31339TQP2 eTEP 07/30/2008 DD 07130/03 AAA 92,350.00 .D3 1,070,000.00 FEDERAL HORS L3 US CORE BD .000 4.516 AAA 93.880 1,007,019.00 .34 31339Y304 4.201 07/02/2013 DD 07/02/03 1,004,516.00 .34 175,000.00 PBDSRAL BOAX L3 US CORE SO .000 3.323 AAA 96.300 166,745.25 .05 31339YSP4 3.2001 02/34/2009 DD 07/11/03 168,525.00 .01 30,202.19 PRIM GAOOP 419-6064 .000 5.945 101.340 29A96.00 .01 3124OW13 6.384% DI/O3/2029 DD 12/01/97 30,606.90 .01 6,600,000.00 PSDERAL M= m M6R DR" .000 3.260 AM 95.870 6,5I5.336.DD 2.26 31359=04 3.125% 03/16/2009 DD 03/16/04 AAA 6,519,160.00 2.17 3,100,000.00 FBDHRAL BATL NTD MRS MR .000 4.352 MA 93.647 3,014,992.19 1.05 3136P4Y24 4.2501 07/30/2009 DO 01/30/04 AM 3,023.057.00 1.01 621,000.00 PEDBRAL BAIL NTG A659 HTN .000 4.581 AM 18.232 599,653.13 .21 3136PSA03 STEP 00/18/2011 DD 02/20/04 610,020.72 .20 650,000.00 PBDIISAL an NTS A96B MY .000 4.115 AM 91.446 630.601.56 .22 3136Y5058 4.0109 03/16/2009 DO 03/16/04 PAA 643,143.60 .21 250,000.00 PEDEML BAIL N AWN XEDION .000 3.668 AM 96.175 239,167.5D .00 3136FSM9 3.5501 04/07/2009 M 04/07/04 AM 241,937.50 .00 E I c - r - r r r- r- r- r r_ r---_ r- r-- u- r r c r i t t c t I t < < e [ t t t Y[.DA2AL YIELD ADALYBIS PM8 1 Y OCBP01522202 2006/01/30 ROM DATE 1 10/25/06 DISTRICTS IaDG-TBRM OPBMTING RDA TIME , 24.21.15 PM VAIAI YTM AT CORRBBT MOODY IIAIIRBT TOTAL COST! 4 ME BBCORITY ID BACORITY DMBCRIPTIOD BOOR YIQ.D 8-P MM MAAIOfY YALDB 4 10TAL 150,000.00 P6D6811L MAIL MTO ABSM N1N .000 4.053 AM 98.690 146,430.00 .05 3136"MD 4.0001 02/01/1000 DD 02/01/05 AAA 249,035.00 .05 2,500,000.00 PBME RAIL R AMP MTR .000 4.594 MA 98.170 2,423,250.00 .85 3136P6MI3 4.510% 07/27/2010 M 01/28/05 AM 2,454,250.00 .02 98,026.09 PMIA POOL #0254631 .000 5.069 98.630 100,966.89 .03 31311RY41 5.000% 02/01/2019 DD 01/01/03 96,690.57 .03 89,436.34 FNMA POOL 40254760 .000 5.071 98.6D5 91,099.45 .03 31371ASV9 5.0004 06/01/2010 DD 05/01/03 87,202.65 .G3 39,770.01 FNMA POOL #0254866 .000 5.012 98.500 40,972.17 .01 31371=83 5.0001 09/01/2019 M 08/01/03 39,213.95 .01 297,701.44 PIMA PDOL $0254907 .000 5.072 90.571 297,701.44 .10 31373LDL0 5.000% 10/01/2019 M 09/01/03 293,447.29 .10 212,534.90 PBMA P00L 00254953 .000 5.073 90.553 215,256.01 .07 3237IM21 5.000% 11/01/2018 M 10/01/03 209,490.77 .07 582,334.38 YPMA POOL #0254997 .000 5.074 98.536 589,799.54 .19 31371W46 5.0001 12/01/2020 M 11/01/03 573,011.97 .19 72,441.39 PMIA POOL #0357430 .000 5.031 99.596 73,256.33 .02 31376M13 5.0006 09/01/2019 DD 09/01/03 71,424.30 .02 211,619.09 PBNA POW. 40555363 .000 5.069 98.630 217,967.66 .07 31385OSY1 5.0001 04/01/2018 DD 03/01/03 200,719.91 .07 175,944.09 FRILL POW. 40555545 .G00 5.070 98.621 101,222.43 .06 3138SUB2 5.0004 06/01/2018 DD 05/01/03 303,S17.02 .06 594,145.90 YBMA PW 40S55621 .000 5.074 98.536 600,830.12 .20 3138SIG69 5.000% 07/01/2018 DD 06/01/03 595,450.61 .20 342,311.29 PBMA P08L #0661309 .000 5.069 90.638 352,SRO.63 .11 3135IY384 5.0001 02/01/2018 DD 02/01/03 337,649.00 .11 41,572.51 PBMA PWL #0601334 .000 5.069 98.638 42,019.70 .01 3139114T1 5.0004 02/61/2010 DD 01/01/03 41,006.29 .01 21,014.00 9 GM RINK F/T .000 4.310 98.550 21,572.81 .00 313938SP5 4.250I 04/25/2028 DD 09/01/03 21,508.96 .01 YLUAOAL YIB1.D ABALY9I8 PAQB 0 OC82D9522202 2006/09/30 SOB DAM 1Q/25/06 DIamCT9 LOPO =M OPB1fASI80 SOB TINE 14.29.35 PAR P UR YTX AT C08A8BT ROOV7 RABBET T➢TAL C➢BTI 6 77P9 MCMITY ID 88COSITY D88CRIP M NODN M. 8-P PRIM MAMT VALOR 0 TOAi. 94,447.72 9R8A GTD MMO P/T 2003-83 TD .000 3.533 19.063 92,750.62 .03 31393=6 3.500% 04/23/2011 DO 08/01/03 93,562.94 .03 81'➢50.16 MM QTD RMIC P/T 0"2 NO .000 3.530 99.042 78,970.09 .02 31393M9 3.500% 06/2S/2023 DD 08/01/03 79,463.20 .03 801,420.75 MM QTD 881RC P/T 03-113 M .000 3.566 96.144 782,574.84 .29 3139372BS 3.500% 02/25/2013 DD 10/01/03 786,546.38 .26 100,000.00 PBl.NC NOLTSC4886 mrD .000 4.059 98.545 90,000.00 .03 31394LVP6 4.000% 05/15/2016 DD 21/01/03 98,545.00 .03 500,000.00 PNLOD Mlffll S CTPB 2732 PA .00D 4.066 98.331 409,299.22 .17 313948OR6 4.000% 01/15/2021 DD 01/01/04 491,855.00 .16 54,540.09 � MLTICLA9N CTPB 2356 M .000 5.040 99.199 54,329.19 .01 31394PS14 5.000% 06/15/2019 DD 02/01/04 54,103.22 .02 45,258.14 10DAC 4RLTICLBBB CTPB 2832 PA .000 4.528 99.372 44,925.76 .01 31395C381 4.500% 04/15/2019 DD 07/01/04 44,973.92 .01 020,623.10 PBLIp NOLTICLA88 CM 2891 LB .000 4.318 90.435 914,251.66 .2B 31295n90 4.2501 06/15/2024 DO 11/01/04 81S,655.15 .23 I91S89.88 PBLNC. NOLTICLMB CM 2905 UT .000 4.075 96.164 33.423.32 .02 3139%DT3 4.0001 10/15/2023 DD 12/01/04 33.146.97 .03 84,317.20 PBLNC 11W.TI0LA88 M0 .000 4.563 98.623 83,444.39 .02 3139SMS 4."0% 22/15/2025 0D 05/01/OS 83,156.15 .03 500,000.00 TBLMC 101LTICLA88 BTD 3008 3R .000 4.549 98.953 493,125.00 .13 31395B0A9 4.9004 11/15/2013 DD 07/01/05 494,765.00 .19 230,113.9% P600 POOL 00684798 .000 5.556 99.000 229,916.14 .07 31400DI31 5.5001 01/01/2033 DO 03/01/03 227,822.75 .08 218,816.34 PD10 POOL 60684900 .000 5.031 98.605 221,980.73 .03 31400WRI 5.0001 06/01/2018 DD 05/01/03 215,923.02 .03 121,431.18 P0M P004 #0685200 .000 5.030 98.621 122.982.03 .04 314008®7 5.000% 03/01/2010 DD 03/01/03 119.356.64 .04 170,944.86 MM POW. /0669318 .000 S.059 98.630 184,313.21 .06 31408PPR3 5.0000 03/01/2019 DO 03/01/03 276,493.32 .06 SLDAMf. YIELD ARALSSIS PAM f 9 WSF07522202 2006/09/30 E00 DA'ID t 10/25/06 DIBIVICT, WHO-TERM OPBAATIEO MB TIM f 14.29.35 PAR VALOR YTM AT CURRENT MOODY MRNE6T TOTAL COST/ % TPPE SECURITY ID SEMITE DESCRIPTION BOOR YIELD 9-P mu NARQT YALDE 6 TDTAL 63,265.54 YNMM POOL 40628739 .D00 5.071 98.605 65,163.21 .02 31400JEL9 5.000% 06/01/201B DO 06/01/03 62,382.69 .02 74,951.95 PRIM POOL /0689659 .000 5.071 18.605 75,952.77 .02 31400RNOB 5.0008 05/01/2019 DD 05/01/03 73,945.61 .02 374,843.29 PPIN POOL #0653934 .000 5.069 90.630 386,DB9.21 .12 3140OPY74 5.0009 03/01/2019 DD 03/01/03 269,708.53 .12 147,360.86 PRMA PODL #0695052 .000 5.070 98.613 151,676.70 .05 314008BV0 5.0000 05/01/2018 DO 05/01/03 145,218.35 .05 511,115.79 FNMA POOL #06,5089 .000 5.07D 99.613 526,521.37 .19 31400SC23 5.000% OS/01/2018 DO 05/01/03 504,095.64 .17 142,003.26 PRMA POOL #0702210 .000 5.074 99.536 146,7S7.74 .04 31401ADP9 5.0000 05/01/202D DD 05/01/03 140,398.01 .05 81,508.58 VIM, POOL /0702326 .000 5.070 50.613 88,629.78 .02 31401AED2 5.0001 05/01/2018 D0 04/02/03 $6,294.84 .03 191,724.36 PMN POOL $0709148 .000 5.071 96.596 187,176.10 .06 31401ESMI 5.0001 06/01/2018 DD 06/01/03 179,172.95 .06 358,851.88 FNMA POOL #0709360 .000 5.071 98.596 363,449.60 .12 314013056 5.0001 07/01/2010 DD 06/01/03 353,913.60 .12 71,612.22 !BM POOL /0709926 .000 5.071 98.605 72,529.72 .02 32401JW4 5.000% 06/01/2010 DD 06/01/03 70,613.22 .02 146,838.64 INMA PODL #0709917 .000 5.071 90.605 140,720.02 .05 31401JVJ4 5.0001 06/01/2018 DD 06/01/03 144,190.24 .05 357,540.66 PEW, POOL #0710235 .000 S.D71 90.596 368,275.14 .12 31401=8 5.000% 06/01/2018 DO 06/01/03 352,529.69 .12 151,741.39 PBMA POOL 4071336S .000 5.071 98.596 153,695.56 .05 3140IMBI 5.000% 07/01/2018 DD 07/01/03 149,610.93 .05 447,610.15 PMMB POOL #0720319 .000 5.071 98.596 453,353.27 .15 314D1MA5 5.0001 07/01/2018 DE 07/01/03 441,333.59 .15 1,551,146.61 PIIMA POOL #0720369 .000 5.074 98.536 1,597,690.99 .53 31401M3BO 5.0006 06/01/2019 DD 06/01/03 1,529,445.46 .51 YfIDAEAL YIELD ARALTSIS PAGE E 10 OCEP07522202 2006/09/30 ROE DATE E 10/25/06 DIS=CTI IGA6-T8R0 OPERATING ADS TIES t 14.29.35 PAR VAY116 YIN AT COARBIT KDODY NARI®T TOTAL C08T/ 3 ME 88CORITY ID SECURITY DBBCRIPT30N DOOR YIELD S-P PRICE EARRET PALOE 4 TOTAL 198,659.21 PENA POOL 00721129 .000 5.071 99.596 204,619.07 .06 31401EPN4 5.0009 07/01/2019 DO 06/01/03 195,870.09 .07 170,877.40 PPNp POOL. 40723497 .000 5.021 99.596 172,799.79 .05 31402A804 5.0009 06/01/2018 DO 06/01/03 160,470.20 .06 2,260,024.33 PNRA POOL 40725530 .000 5.001 98.397 2,290,746.54 .71 31402DA15 5.0004 06/01/2019 DO 05/01/04 2,223,805.04 .24 263,510.46 1WNA P #0729601 .000 5.022 90.58E 268,912.34 .02 31402ERN3 5.0001 07/01/2018 DO 07/01/03 261,761.45 .01 23,337.59 PREP POOL 00732873 .000 5.023 50.563 23,636.59 .00 31402E7NS 5.000E 11/01/2018 DO 10/01/03 23,002.23 .01 413,299.06 PREP PODL #0737130 .000 5.012 90.590 418,511.39 .14 3140284P9 5.0001 10/01/2018 DD 10/01/03 407,427.29 .14 375,274.34 YENA I 407382LI .000 5.074 99.536 380,082.56 .12 31402UDQI 5.000E 10/01/2018 DO 10/01/03 369,782.17 .12 11B,601.55 PmP POOL 40738407 .000 5.073 98.563 120,121.13 .04 314020Et2 5.000% 10/01/2019 DD 10/01/03 116,09Y.25 .04 1,475,303.03 PENA POOL 90140451 .000 5.074 90.536 1.495,441.14 .50 314026100 5.0000 20/01/2018 DO 10/01/03 1,453,000.53 .40 470,690.67 PIMP PoW 90240471 .000 5.074 98.536 476,921.93 .16 31402WT40 5.0009 10/01/2018 DD 10/01/03 463,917.19 .15 502,380.21 PEEP POOL. #0740740 .000 5.072 19.590 508,016.14 .17 31402WSW 5.0001 20/01/2018 DO 11/01/03 415,246.41 .17 24,936.15 PPP POOL /0743060 .000 5.074 18.536 75,255.66 .00 314030EP1 5.000% 11/01/1018 DO 20/01/03 24,571.21 .01 725,828.22 PAP POOL 00744008 .000 5.071 98.605 735,127.81 .24 31403ERE4 5.000% 07/01/2012 DU 01/01/03 715,702.82 .24 103,672.90 PEEA POOL 40744316 .000 5.074 98.536 105,001.22 .03 314OU334 5.000% 09/01/201B DO 09/01/03 102,155.64 .02 219,990.16 ERRA POOL #0741914 .000 5.023 98.563 222,BOB.19 .07 31403P3E0 S.000B 11/01/2018 DO 11/01/03 216,828.98 .00 C [_ E [_ C E F C [ C C C _ f [ - [ E 1 I 1 I I 1 I _ I . I 1 9 1 1 1 I I I I I YLDAML YIELD AMILYSI8 PAID! 1 11 MSF09529202 2005/09/30 RM DATE 1 10/25/06 DISTRICT. LOMO-TERM OPEMTIMO RM TIM 1 14.29.35 PER VALUE! EYE AT CURRENT MOODY MARKET TOTAL CURT/ 6 TYPE SECURITY ID SECURITY DESCRIPTION SOCK YIELD E-P PRICE MARKET VALUE 4 TOTAL 125,593.77 FREE POOL 107404GO .000 5.074 18.536 122.202.95 .04 314030M9 5.0001 00/01/2018 OD 09/O1/03 121,755.70 .04 669,348.62 PER, PCOL 10740899 .000 5.074 90.536 676,911.02 .23 31403G0LO 5.0001 12/01/2010 DD 11/01/03 658,567.29 .22 1,309,570.05 FREE POOL #0750379 .000 5.074 90.536 1,409.374.73 .40 31403JUAZ 5.0004 11/01/2010 DD 11/01/03 1,319,234.37 .41 1,164,227.99 PIMA POOL 0075038D .000 5.074 98.536 1,179,195.30 .39 31403JU06 5.0001 11/01/2018 DD 11/03/03 1,147,238.60 .30 112,146.80 F MA POOL #0750445 .000 5.024 90.53E 213,593.76 .03 314D3JM82 5.000E 12/01/2010 DD 11/01/03 210,505.60 .04 502,601.50 PRIM IDOL 10751910 .000 5.074 90.536 50lr041.20 .12 31403LME1 5.0001 12/01/2018 DD 11/01/03 495,245.89 .12 545,367.10 PENA POCL 60753425 .000 5.093 98.554 551,692.91 .18 31403PA23 5.0001 11/02/2018 DD 11/01/03 539.491.17 .11 409,722.70 PMMA POOL #0755165 .000 5.073 10.554 412,004.81 .13 3140306A3 5.0008 12/01/2019 DD 11/01/03 400,910.56 .13 713,640.06 IMMA EODL #0755372 .000 5.023 99.554 721,951.53 .24 324038M 5.000% 11/81/2010 DD 11/01/03 703,320.82 .23 690,730.29 FRMN POOL #0789670 .000 S.099 98.442 700,119.92 .23 31405EM4 5.0009 12/01/2011 OD 12/01/04 679,968.71 .23 $93,992.96 FRM, POOL 00792432 .000 5.028 98.466 903,426.02 .23 31405LLM9 5.000% 10/01/2019 DD 10/01/04 503,347.01 .13 660,987.08 ERN1 PODL /0994195 .000 5.099 98.454 669,972.37 .22 31405N809 5.0001 11/01/2011 DD 11/01/04 650,768.22 .22 306,660.02 FMMA POOL 10900370 .000 5.079 98.442 306,533.19 .10 31405VFA8 5.000% 12/01/2019 DD 11/01/04 302,087.00 .10 996,600.3, PMIN POOL #0803923 .000 5.080 28.431 1,010,147.13 .34 314OGM41 5.000% 12/01/2011 DD 12/01/04 900,913.73 .33 2,549.326.43 FMMA POOL 40OZ3350 .000 4.323 98.663 2r529.26D.99 .82 31406TWIS VAR RT 02/01/2035 DD 04/01/05 21515,093.94 .84 YLOMAL TIBLD AN Sls PADe , 12 =M7522202 2009/09/30 ROB DOTE t 10/25/06 DIBmm. 2.OR0- OPBMTIl10 ROR TIM , 14.29.35 PM VALOR TIN AT COBRBRT ROODT R T TOLL COST/ 8 TIM MCORITT ID 86CORITT D60CRIMM BOOR T1BLD 9-P PRIM IIARIO6T PALOB 1 1OLL 3,696,776.0 PRM POOL 10931697 .000 5.916 100.429 3,697,251.01 1.29 316008139 6.000% 09/01/2036 DD 09/01/06 3,712,609.51 1.26 349,408.76 IAMA POOL 40879906 .000 3.960 99.752 341,610.14 .11 31609Mt VM IT 10/01/2033 DO 02/01/06 340,634.73 .11 900,000.00 PTGRIM PBR CORD M M BBR A .000 5.793 A3 100.156 900,000.00 .31 3010990P1 VAR RT 12/14/2008 DD 12/13/05 Be8- 901,404.00 .30 4,853.64 0MA POOL /0421369 .000 6.310 103.011 5,091.05 .00 36206=23 6.5009 04/15/2026 DD 04/01/96 6,999.19 .00 91,400.03 0 II POOL /0090395 .000 0.209 102.036 90,501.33 .03 36225CRR6 VM RT 04/20/2030 M 04/01/00 93,260.93 .03 792,611.66 O II POOL 4000408Z .000 1.2B8 102.030 704,627.02 .29 36225 20 VM RT 03/20/2030 DO OS/01/00 809,032.43 .27 753,193.32 m01A II PODL #0080965 .000 0.034 101.490 753,006.39 .26 362250 9 VAR RT 07/20/2034 DD 07/01/04 764,764.41 .26 700,000.00 08116ML MC CO BT .000 5.659 AAA 100.046 100,060.00 .24 3S9600W VAR RT 12/09/2009 DO 12/09/05 AAA 700,122.00 .23 2,600,000.00 taa@RM BLBC CAP M W00316 .000 5.626 MA 100.078 2,600,000.00 .90 369624IT53 VAR RT 12/12/2000 DD 12/12/05 MA 2,602,028.00 .90 2,350,000.00 OOf.D11Atl MCBO ORP .000 4.195 AA3 100.500 2,350,000.00 .82 3211311M2 VM RT 09/28/2010 DO 06/20/05 Ah 2,361,750.00 .79 3,006,000.M ORM R M C P/T 03-91 DO .000 0.011 90.095 981,250.00 .36 393319.2, 6.0001 00/16/2023 DD 11/01/03 984,950.00 .33 1,300,000.00 am PID CORD BT .000 6.110 AM 100.250 1,300,000.00 .45 60629CCO6 VM RT 09/15/2008 OD 09/15/05 M- 1,303,350.00 .63 2,000,000.00 mm PID CORD R 1 L 00003 .000 0.539 AA3 100.460 1,997,220.00 .69 60629JA02 VAR W 05/10/2010 DD 05/20/05 M- 2,009,360.00 .67 1,400,000.00 M6mBTT PACRMD C0 .000 5.510 A3 100.109 11600,000.00 .49 928236D32 VM IT 05/22/2009 DO 03/26/01 A- 1,601,526.00 .60 2,000,000.00 ISBIDIR BROTB8119 TR 100596 .000 5.058 Al 100.109 2,000,000.00 .11 925IMS8 VM W 20/22/2000 DD 10/24/05 A+ 2,002,190.00 .61 [ [ C C - C [ ' i I I [ I [ I I [ [ I YI�00811L 4IRLD ABUYSIS PAM 13 WS2D3922202 2006/09/30 R08 OATS 10/25/06 DISTRICT, L090-TARN OPSRATIRO WN TIM t 14.29.35 PAR VALOH ITS AT MRRRNT NWD4 NAMST TOTAL CWT/ 4 TIM 9RWAIT4 ID BSCORITY MSORIPTIW BWB Yl9Lb S-P PRICE MARKET VMOS 8 TOTAL 700,000.00 NOROM BTA168Y .000 4.261 AA3 200.046 701,043.09 .24 61746=2 VAR AT 01/12/2D03 DD 01/13/04 A+ 700,322.00 .23 11500,000.00 HOROAN STAE031Y BT .000 3.582 M3 97.312 1,416,210.00 .50 61146BM0 3.975% 01/15/2009 DD 01/13/04 A+ 1.459.6BO.00 .49 1,000,000.00 BLN WSP WN 4 TR 00069 .000 4.395 AI 100.343 1,803,040.00 .62 78442MUO VAR RT 07/25/2009 DD 07/26/04 A 1,806,174.00 .60 1,000,000.00 SA2ANA11 GRITS NTH 4 M 00206 .000 4.494 M1 100.140 1,806,663.60 .52 795488.1P9 VAR RT 05/18/2007 DD 05/28/02 1,602,520.00 .60 2,172,030.84 BHA STD DEV PABT9 2001-20C 1 .000 6.114 AM 103.700 2,172,830.04 .78 83162CWO 6.340% 03/01/2021 2,253,225.58 .75 653,080.0B an OTD PABSW CTPB B9IC-PB 0l .000 6.552 AM 101.331 651,000.08 .22 831641OD4 6.6401 02/10/2011 OD 02/21/01 NR 659,328.51 .22 47,200,000.00 0 6 TABA80RY RDTES .000 3.496 AM 93.3BO 45,916,579.66 15.97 912028AT6 3.3751 12/15/2000 DD 12/15/03 AAA 45,963,360.00 15.33 110,114.00 OB TREAS-CPI IDPL.ATIM ISDE2 .000 2.030 PAA 90.120 112,303.27 .03 912B288A9 2.0001 01/15/2014 W 01/15/04 AM 108,053.67 .04 3,346.419.00 06 TRBAB-CPI IRRL M= IBDBE .000 2.040 AAA 9B.040 3,359,016.53 1.14 922028CPI 2.0001 07/15/2D14 DD 07/15/04 AM 3,200,825.19 1.09 10,620,000.00 0 e TSSMM SOTRB .000 3.613 AAA 96.310 10,209,529.17 3.57 9318291017 3.500% 12/15/2009 DD 12/15/04 AAA 20,276,974.00 3.43 7,300,000.00 0 8 TMASURY ROTES .000 3.113 AAA 99.400 7,459,665.70 2.59 912020DOO 30909 03/31/2007 DD 03/31/05 AAA 1.455.00000 2.40 24,000,000.00 V S TARAMY ROTBR .000 3.533 AM 99.060 23,319,404.97 B.26 912929M 3.5000 05/31/2007 W 05/31/05 AAA 23.114,400.00 7.93 4,600,000.09 0 S 791RMY B01$S .000 3.661 AM 99.010 4,526,099.04 1.58 91282BM3 3.6250 06/30/2007 DD 06/30/05 AAA 4,554,460.00 1.52 8,100,000.00 D 8 TIIM80AY ROTRB .000 4.033 AM 99.180 9,022,030.11 2.79 92282OW3 4.0001 09/31/2007 OD 09/31/05 AM 8,032,500.00 2.66 400,000.00 D 0 TPRA9D8Y HTB .000 3.936 AM 97.470 390,203.13 .13 912628B01 3.8394 09/15/2010 DD 09/15/05 AM 399,880.00 .13 4L➢ANAL YIELD ANALYSIS PAGE t 14 MSM7522202 2006/09/30 ROB DATE t 10/25/06 OISTRICTi WA -T6RN OPERATING RUB TINE t 14.29.35 PER V 113 YTN AT CURRENT NODDY MUST TOM COST/ 6 TYPE SECORSTY ID SECMTI DESCRIPTION BOWL YIELD S-P m(IS MUST VALUE 4 TOTN. 2,100,000.00 D e TREA60RE VMS .000 4.514 AAA 99.690 2,090,000.39 .72 912B28EN8 4.5001 11/15/2010 DD 11/15/03 AAA 2,093,490.00 .70 10,000,000.00 O S TREA80RY uvTSS .000 4.636 AAA 99.766 1,941,942.30 3.41 912829869 4.625% 03/31/2009 DD 03/31/06 9,976,599.90 3.33 12,800,000.00 U S TREASURY NTS .000 4.975 AAA IOD.500 12,832,753.16 4.47 912920M7 5.0004 07/31/2000 DD 07/31/06 13,864,000.00 4.29 2,200,000.00 RACOWIA BA INTL TR 1 W 00027 .000 5.430 AAI 99.904 2,200,595.DO .76 92976MS VAR RT 03/23/2009 DD 93/23/06 2,199,649.00 .73 553,799.99 POLMC NULTICLASS RTG SUR E3 A 6.316 5.510 99.205 554,389.87 .19 3133TCE95 VAR RT 09/15/2032 OD 12/01/97 549,839.71 .10 3DG,425.30 WIIIA GTD URIC TR 2000-9 TO 6.320 4,920 101.031 306,425.30 .10 3B37UM VAR RT 02/16/2030 309,584.54 .10 117,070.61 GI II POOL 6000088H 6.705 4.291 101.947 119,639.69 .04 36225CC20 7.375% 06/20/2027 DD 06/01/97 119,358.13 .04 94,803.96 6T1OA II POOL #0080023 6.992 5.030 101.986 96,374.15 .03 36225CA09 VAR RT 12/20/2026 DD 12/01/96 96,591.96 .03 2,100,000.00 171p81UL BAIL NTG "OR DM 7.113 6.332 AAA 104.62E 2,030,133.00 .71 313S9NOY5 6.525% 09/15/2009 DO 09/01/99 AAA 2,197,189.00 .13 TOTAL. PALED Iff O ff SECURITIES .003 4.423 287,66/,234.49 100.00 2 7,699,452.19 95.55 TOTAL .003 4.423 299,812,507.46 100.00 299,937,725.96 100.00 r r - r r c r Asset Detail Report m: OLBo13 Base Currency: us Q Mellon by Currency Alternate Base Currency: Exchange Rate: OCSIICONSOUDATED- OCSG000100M 9/30/2006 Status: FINAL Net Unrealized Price Cost Market Value % of Gain/Loss Description Base Shares Par Base Base Total Base AUSTRALIAN DOLLAR CASH 6 CASH EQUIVALENTS INTEREST RECEIVABLE 11,016.45 10,824.42 0.00% -I92.03 U.S. DOLLAR CASH A;CASH EQUIVALENTS INTEREST RECEIVABLE 3,027,630.03 3,027,630.03 1.08% 0.00 RECEIVABLE FOR INVESTMENTS 29,388,324.67 29.388.324.67 10.53% 0.00 SOLD PAYABLE FOR INVESTMENTS -I 12,484,806.25 -112.484,806.26 40.29% 0.00 PURCHASED BANKAMERICA CORP DISC 98.6813 600,000U00 592,087.50 592,087.50 0.21% 0.00 11/14/2006 SEC ID:0660PILE9 BANKAMERICA CORP DISC 98.6575 1,700,000.000 1,677,177.50 1,677,177.50 0.6091. 0.00 11/01/2006 SEC ID:D6601`11,17 BANKAMERICA CORP DISC 98.6838 400,000.000 394,735.00 394,735.00 0.14% 0.00 12/06/2006 SEC 11):06WPIM65 CITIGROUP FDG INC DISC 99.0449 2,500,000.000 2,476,121.53 2,476,121.53 0.89 a 0.00 10/18/2006 SEC ID: 17307SKJO CITIZENS BANK OF MA INSTL C/D 100.0075 1,700,000.ODO 1,700,127.18 1,700,127.18 0.61% 0.00 5.430% 11/09/2006 DO 08/10/06 SEC ID: 17401EAR9 FEDERAL HOME LN BE CONS DISC 99.6990 3,300,000.000 3,290,067.00 3,290,067.00 1.18% 0.00 MAT I0/04/2006 SEC ID:31338SJ31 FEDERAL HOME LN BK CONS DISC 98.7095 6,100,000.000 6,021,280.14 6,021,280.14 2.16% 0.00 MAT 10/20/2006 SEC ID:31338SL38 FEDERAL HOME LN BE CONS DISC 98.6806 1.800.000.000 1,Tl6,250.06 1,776,250.06 0.64% 0.00 11/01/2006 SEC ID:313385M78 FEDERAL HOME LN MTG CORP DISC 97.3625 2,800,000.000 2,726,150.00 2,726,150.00 0.98% 0.00 MAT OI/23/2007 SEC ID:3133%AY9 FEDERAL HOME LN MM CORP DISC 97.9012 2,900,000.000 2,839,133.83 2,839,133.83 1.02% 0.00 MAT 01/26/2007 SEC ID:313396BB8 10/11/2006 8:48:38AM PDT 1 W kbsr Asset Detail Report ID: GL8013 Baae currency: USD / Mellon by Currency Alternate Bate Currency: btchaaee Rate: OCSBC ,NSOLIDATED- OCSG00010000 9/30/2006 stator: FINAL Net UDkealized Price - Cost - .Market Value - % of Description Base Shares Para Base Base Total FEDERAL HOME LN BK CONS DISC 96-1500 3 400.000,000 3 269.09906 3,269,099,06 1.17% 0.00 04/03/2007 SEC ID: 313396DWO FEDERAL HOME LN MTG CORP DISC 98.7223 1,700,000.000 1,678.278.91 1,678,278.91 0.60% 0.00 MAT 10/31/2006 SEC ID:313397M65 FEDERAL HOME LN MTG CORP DISC 98.7423 100,000BOO 98,742.33 98,742.33 0.04% 0.00 MAT 11/14/2006 SEC ID:313397P47 FEDERAL HOME LN MTG CORP DISC 97.2592 1,100,000D00 1,069,850.83 1,069,850.83 0.38% 0.00 MAT 12/12/2006 SEC ID:313397MS FEDERAL NATL MTG ASSN DISCOUNT 97.4947 4,300,000.000 4,192,270.89 4.192.270.89 1.50% 0.00 MAT 01/03/2007 SEC ID: 313588AC9 FEDERAL NATL MTG ASSN DISCOUNT 97.3800 300.000.000 292.140.00 292,140.00 0.10% 0.00 MAT 01/24/2007 SEC ID:31358BAZ8 FEDERAL NATL MTG ASSN DISCOUNT 96.1792 200,000.000 192,358.44 192.358.44 0.07% 0.00 MAT 02/23/2007 SEC ID:313588CFO FEDERAL NATL MTG ASSN DISCOUNT 97.7289 1,886,000.000 1,843,166.84 1,843,166.84 0.66% 0.00 MAT 02/28/2007 SEC ID: 313588CL7 FEDERAL NATL MTG ASSN DISCOUNT 99.2147 900,000.000 892.932.50 892,932.50 0.32% 0.00 MAT 11/15/2006 SEC ID:313589P56 GENERAL ELEC CAP DISC 98.6825 2,000,000.BOO 1,973,650.00 1.973.650.00 0.71% 0.00 11/14/2006 SEC ID: 36959JLEI TENNESSEE VALLEY AUTH DISC NTS 99.3613 3,200,000.000 3,179,560.00 3,179,560.00 1.14% 0.00 MAT 1 1102/2006 SEC ID:88059OM84 WELLS FARGO BANK NA C/D 100.0000 2.400.000.000 2,400,000.00 2,400,000.00 0.86% 0.00 5.260% 10/03/2006 DD 09/22/06 SEC ID 9497P5T59 CS FOB CAT 1 REPO REPO 100.0000 22,400.000.000 22.400,000.00 22,400,000.00 8.02% 0.00 05.050% 10/02/2006 DO 09/29/06 SEC ID:99461J433 DREYFUS TREASURY CASH MGMT 100.0000 1,253,028.840 1,253.028.94 1,253,028.84 0.45% 0.00 SEC ID:996085247 TOTAL CASH h CASH 6QUIVALENT13 68,939,028.840 -11,840,643.18 -11,840,643.18 4.24% 0.00 10/11/2006 8:48:38AM PDT 2 Workbench 1 1 1 1 1 1 1 I 1 1 1 I 1 1 1 1 1 Asset Detail Report m: OL8013 Base Currency: USD Mellon by Currency Alternate Base Currency: ExchanB OCS6C0NSOLlDATED- OCSGWO10OW 9/30/2006 Status; FINAL Net Unrealized Price Cost Market Value % of .Gain/Loss: Description Base Shares Par Base Base Total Base' FLCED INCOME SECURITIES AID SUNAMERICA GLOBAL REG S 109.8670 752,000.000 826,199.84 826,199.84 0.30% 0.00 5.850%09101/2008 DD 08/08/01 SEC ID:000907AAO BANK AMER NA MTN NTR00209 100.0150 1,400,000.000 1,400,000.00 1,400,210.00 0.50% 210.00 VAR RT 07/25/2008 DD 07/25/06 SEC ID:06050TJS2 BELLSOUTH CORP NT 100.0150 700,000.000 700,000.00 700,105.00 0.25% 105.00 VAR RT 08/15/2008 DO 08/07/06 SEC ID:079860AM4 CIT GROUP INC MTN 4SR00092 100.3120 2,400,000.000 2,400,000.00 2,407,488.00 0.86% 7.488.00 VAR RT 05/23/2008 DO 05/25/05 SEC ID: 12560PDVO CITIGROUP INC GLOBAL SR NT 100.1250 1,200,000.000 1,200,000.00 1,201,500.00 0.43% 1,500.00 VAR RT 05/02/2008 DO 05/02/05 SEC ID: 172967CW9 CONOCOPHILUPS GM NT 100.0150 800,000.000 800,000.00 800,120.00 0.29% 120.00 VAR RT 04/11/2G07 DD 04/I1/06 SEC ID: 20825CALS FEDERAL HOME LN MTG CORP MTN 97.6180 1,900,000.000 1,837,359.30 1,854,742.00 0.66% 17,382.62 3.700% 10/23/2008 DD 04/23/03 SEC ID:3128XO485 FEDERAL HOME LN MTG CORP MTN 95.8890 200.000.000 189,236.00 191,778.00 0.07% 2,542.00 3.290%06/16/2009 DO 06/16/03 SEC ID:3128XIN139 FEDERAL HOME LN MTG CORP MTN 95.2300 6,342,000.000 5,994,180.94 6,039,486.60 2.16% 45,305.66 3.545%07/07/2010 DO 07/07/03 SECID:3128X1NJ2 FEDERAL HOME LN MTG CORP MTN 96.8300 1,066,000.000 1,015,531.56 1,032,207.80 0.37% 16,676.24 3.060%07/15/2008 DD 07/15/03 SECID:3128X1RX7 FEDERAL HOME LN MTG CORP MTN 97.9950 400,000.000 391,680.00 391,980.00 0.14% 300.00 4.000%08/19/2008 DD 08/19/03 SEC ID:3128XIVZ4 FEDERAL HOME LN MTO CORP MTN 98.7880 6,000,000.000 5,920,200.00 5,927,280.00 2.12% 7,080.00 4.480%09/19/2008 DD 09/19105 SEC ID:3128X4MQI FEDERAL HOME LN MTG CORP MTN 99.6660 5,300,000.000 5,283,372.72 5,282,298.00 1.89% -1,074.72 4.250%G4/05/2007 DD 10/05/05 SEC ID:3128X4QCS FEDERAL HOME LN MTG CORP MTN 99.6966 9,800,000.000 9,767,611.00 9,770,267.78 3.50% 2,656.78 4.900% 11/03/2008 DD 11/03/05 SEC ID: 3128X4ST9 1011112006 8:48:38AM PDT 3 Workbench Asset Detail Report ID: OLS013 ((/ Mellon Base Currency: UBD by Currency Alternate Base h CumExchange ate: ocsnc IM30rrnnrrD- OCSGWO10OW 9 30 2006 Exchange Rah: / / 9tn[ur. FINAL Net Unrealized Price Cost Market Value % of Gain/Loss Description Base. Shares Par Base Base Total Base FED6RN.IIDME LN MTG e TH 00166 98.1550 125,060.tmo 121,562.50 122,693.75 0.04% 1,131,25 4.000%06/15/2008 DD 06/24/04 SEC ID:3133FIGX9 FEDERAL HOME LN BKS CONS BD 98.1350 1,240,000.000 1,204,931.25 1,216,874.00 0.44% 11,942.75 3.500%02/11/2008 DO 02111/03 SEC ID:3133MVQA4 FHLMC MULTICLASS MTO SER E3 A 99.2849 553,799.990 554,389.87 549,839.71 0.20% A.550.16 VAR RT 08/15/2032 DO 12/01/97 SEC ID:3133TCE95 FEDERAL HOME LN BKS CONS BD 98.4892 18,300,000.000 17,815,965.00 18,023,527.26 6.46% 207,562.26 4.500%06122/20 10 DD 06/22/05 SEC ID:3133XC6Y4 FEDERAL HOME LN BKS CONS RD 99.9700 400,000,000 399,250.00 399,880.00 0.14% 630.00 5.250% 12/29/2006 DO 06/29/06 SEC ID:3133XFTM8 FEDERAL HOME LN BKS CONS BD 91.2700 2,700,000.000 2,565,820.00 2,464,290.00 0.88% -101.530.00 VAR RT 02/27/2012 DD 02/27/04 SEC ID:3133X3SQ7 FEDERAL HOME LN BKS CONS BD 97.4990 5,000,000.000 4,861,328.13 4,874,950.00 1.75% 13,621.87 4.000%02/18/2009 DO 02/18/04 SEC ID: 3133X3ZX4 FEDERAL HOME LN BKS CONS BD 97.5700 2,400,000.000 2,320,500.00 2,341,680.00 0.84% 21,180.00 3.875%03124/2009 DD 03/24/04 SEC ID:3133X4N80 FEDERAL HOME LN BKS CONS BD 97.7540 300,000.000 290,390.63 293,262.00 0.11% 2,871.37 3.050% 12/28/2007 DO 03/29/D4 SEC ID:3133XSDU9 FEDERAL HOME LN BKS CONS BD 97.2090 720,000.000 690,343.20 699,904.80 0,25% 9,561.60 3.000%04/07/2008 DO 04/07/D4 SEC ID:3133XSD70 FEDERAL HOME LN BKS CONS BD 97.7060 1,700,000.000 1,638,109.38 1,661,002.00 0.59% 22,892.62 3.010% 12/28/2007 DD 03/29/04 SECID:3133X54R6 FEDERAL HOME LN BKS CONS BD 98,0120 250,000.000 242,148.44 245.030.00 0.09% 2,881.56 3.900% 10/21/2008 DD 10/21/04 SEC ID:3133X8UB6 FEDERAL HOME LN BKS CONS BD 97,8440 780,000.000 759,281.25 763,183.20 0.27% 3,901.95 4.200%03/13/2009 DO 12/15/04 SEC ID:3133X9LP3 FEDERAL HOME LN BKS CONS BD 98.5350 300,000.000 291,423.00 295,605.00 0.11% 4,182.00 STEP 12/15/2011 DD 12/15/04 SEC ID:3133X9Q45 1011112006 8:48:38AM PDT Wnrkbe rh f f I [ 1 1 1 4 I. ' I I I 11 a I 1 Asset Detail Report 1D: GL8013 Base Currency: USD Mellon by Currency Alternate Base Currency: Exchange Rate: ocsUCONSOLrnnreD_ OCSG00010000 9/30/2006 status: FINAL Net Unrealized Price Cost Market Value % of Gain/Loss Description Base Shares Par Base Base Total Base FEDERAL FARM CR BKS CONS SYS 98.0420 1200000.000 1,169437.50 1,176,504.00 0.,1X% 7.066.50 4.350%06/15/2009 DD 06/15/05 SEC ID:31331SC68 FEDERAL HOME LN BKS CONS BD 95,6130 3,000,000.000 2,882,343.75 2,868,390.00 1.03% -13,963.75 4.000%03/18/2011 DD 06/19/03 SEC ID;31339XKN3 FEDERAL HOME LN BKS CONS BD 97.5110 5,100,000.000 4,960,546.88 4,973,061.00 1.78% 12,514.12 STEP 01/16/2009 DD 07/16/03 SEC ID:31339XRF3 FEDERAL HOME LN BKS CONS SO 96.9590 245,000.000 235,550.35 237,549.55 0.09% 1.999.20 3.530%01/28/2009 DO 07/28/03 SEC ID:31339YJDS FEDERAL HOME LN BKS CONS BD 96.8870 150.000.000 144,081.00 145,330.50 0,05% 1.249.50 3.500%01/30/2009 DO 07/30/03 SEC ID:31339YL67 FEDERAL HOME LN BKS CONS BD 98.3500 100,000.000 97,922.00 98.350.00 0.04% 428.00 STEP 07/30/2008 DD 07/30/03 SEC ID: 31339YQF2 FEDERAL HOME LN BKS CONS BD 93.8800 1,070,000.000 1,007,019.80 1,004,S16.00 0.36% -2,503.80 4.240%07/02/2013 DO 07/02/03 SEC ID:31339Y3U4 FEDERAL HOME LN BKS CONS BD 96.3000 175,000.000 166,745.25 168,525.00 0.06% 1,779.75 3.200%01/14/2009 DD 07/14/03 SEC ID:31339Y6F4 FHLMC GROUP 078-6064 101.3400 30,202.190 29,466.D0 30,606.90 0.01% 1.140.90 6.3M%01/01/2028 DD 12/01/97 SEC ID:31348SWZ3 FEDERAL NATL MTG ASSN DEBS 1D4.6280 2,100,000.000 2,030,133.00 2,197,188.00 0.79% 167,055.00 6.625%09/I5/2DD9 DO 09/01/99 SEC ID:31359MEYS FEDERAL NATL MTG ASSN DEBS 95.8700 6,800,000.000 6,575,736.00 6,519,160.00 2.33% .56,576.00 3.125%03/16/2009 DO 03/I6/04 SEC ID:31359MUQ4 FEDERAL HOME LN BKS CONS BD 98.6870 365,G00.000 359,295.05 360,207.55 0.13% 912.50 2.350%04/05/2007 DO 04/05/04 SEC ID:31359MUV3 FEDERAL NAIL MTG ASSN MTN 97.6470 3,100,onno 0 3,014,992.19 3,G27,057.00 1.08% 12,064.81 4.250%07/30/2D09 DO 01/30/04 SEC ID:3136F4Y24 FEDERAL NATL MTG ASSN MTN 98.2320 621,000.000 599,653.13 610,020.72 0.22% 10,367.59 STEP 08/18/201 I DD 02/20/04 SEC ID:3136FSAV3 1011112006 8:48:38AM PDT 5 Workbench Asset Detail Report M: OLS013 Sam CarreacV USD / Mellon by Currency Alternate Base Currency: Exchange Rate: ocsDc tN OUDATED OCS000010000 9/30/2006 Status: FINAL Net Unrealized Price Cost Market Value - %of Gain/Loss Description Base Shares Par Base Base Total Base I F'PLFAL NAI L MTG ASSN MIN 97 4460 660.000,000 638,601-56 613,143.60 0.'239fi 4,542.04 4.010%03/16/2009 UO 03/16/04 SEC ID:3136F5GZ8 FEDERAL NAIL MTG ASSN MEDIUM 96.7750 250,000.000 239,167.50 241,937.50 0.09% 2,770.00 3.550%04/07/2009 DO 04/07/04 SEC ID:3136F5MR9 FEDERAL NAIL MTG ASSN MTN 98.6900 150,000.000 146,430.00 148,1335.00 0.05% 1,605.00 4.000%0210112008 DD 02/01/05 SEC ID:3136F6UH0 FEDERAL NATL MTG ASSN MTN 99.5440 2,100,000.000 2,085,772.50 2,090,424.00 0.75% 4,651.50 3.625%0210212007 DO 02/02/05 SEC ID:3136F6VJ5 FEDERAL HATL MTG ASSN MTN 98.1700 2,500,000.000 2,423,250.00 2,454,250.00 0.88% 31,000.00 4.510%07/27/2010 DO 01/28/05 SEC ID:3136F6WX3 FNMA POOL 40254631 98.6380 98,026.090 100,966.89 96,690.97 0.03% -4,275.92 5.000%02/01/2018 DO 01/01/03 SEC ID:313711CY47 FNMA POOL#0254760 98.6050 88.436.340 91,089.45 87,202.65 0.03% -3,886.80 5.D00%06/01/2018 DD 05/01/03 SEC ID: 31371K5V9 FNMA POOL 40254866 98.5800 39,778.810 40,972.17 39,213.95 0.01% -1,758.22 5.000%D9/01/2018 DO 08/01/03 SEC ID:3137ILCB3 FNMA POOL#0254907 98.5710 297.701.440 297.701.44 293,447.29 0.11% -4,254.15 5.000% 10/01/2018 DO 09/01/03 SEC ID:3137ILDLO FNMA POOL#0254953 98.5630 212,534.900 215.258.01 209.480.77 0.08% -5.777.24 5.000% 11/01/2018 DD 10/01/03 SEC ID:31371LE21 FNMA POOL$0254987 98.5365 582,334.380 589,795.54 573,811.87 0,21% -15.983.67 5.000% 12/01/2018 DO 11/01/03 SEC ID:31371IF46 FNMA POOLM0357430 98.5960 72,441.380 73,256.33 71,424.30 0.03% -1,832.03 5.000%09/01/2018 DD 09/01/03 SEC ID:31376KA71 FNMA POOL#0555363 96.6300 211,619.090 217,967.66 2G8,719.91 0.07% -9,247.75 5.000%04/01/2018 DO 03/01/03 SEC ID:3138SW5Yl FNMA POOL#0555545 98.6210 175,944.090 181,222.43 173,517.82 0.06% -7,704.61 5.000%06/01/2018 DO 05/01/03 SEC ID:31385XES2 1011112006 8:48:38AM PDT 6 Wench � � � i 1 1 J J I 1 I 1 t 1 1 1 I I 1 l Asset Detail Report M: GL8013 Mellon Base Currency: USD by Currency Alternate Base ExchhangengeCurrency:Ratete : OCSDCONSOL(DATED- OC3G00010000 9/30/2006 smhna: e1N.v, Net Unrealized Price Cost Market Value Gain/Loss Description - Base Shares Par BaseBase - Base FNMA POOL#0555621 98.5365 594,145.980 600,830.12 585,450.61 0.21% -15,379.51 &000%07101/2018 DD 06/01/03 SEC ID:31385XG68 FNMA POOL 40681309 98.6380 342.31 L280 352,580.63 337,649.00 0.12% -14.931.63 5,000%02/01/2018 DD 02/01/03 SEC N):3I391Y3S4 FNMA POOL 00681334 98.6380 41.572.510 42,819.70 41.006.29 0.01% -1,813.41 5.000%02/01/2018 DD 01/01/03 SEC ID:31391Y4T1 FNMA GTD REMIC P/T 98.5480 21.814 R00 21.572al 21.508.96 0,01% -63.85 4.250%04/25/2028 DD 08/01/03 SEC ID:31393ESPS FNMA GTD REMIC P/T 2003-M TD 99A630 94.447,720 92.750,62 93.562.74 0.03% 812.12 3.500%D4/25/2011 DD 08/01/03 SEC ID:31393ESY6 FNMA GTD REMIC P/T 03-92 KQ 98.0420 81,050.160 78,970.08 79,463.20 0.03"/e 493.12 3.500%06/25/2023 DD 08/01/03 SEC ID:31393TBC9 FNMA GTD REMIC P/T 03-113 PN 98.1440 801,420.750 782,574.84 786,546.38 0.281% 3,971-54 3.500%02/25/2013 DD 10/01/03 SEC ID:313931`2E5 FHLMC MUL71CLASS MTG 98.5450 100,000.000 98.000.00 98,545.00 0.04% 545.00 4.000%05/1512016 DD 11/01/03 SEC ID:31394LVF6 FHLMC MULTICIASS C7FS 2733 PA 98.3710 500,000.000 489,199.22 491,855.00 0.18% 2,655.78 4.000%01/15/2021 DD 01/01/04 SEC 1D:31394NUE6 FHLMC MUL71CLASS CFFS 2756 MA 99.1990 54.540.090 54,329.18 54,103.22 0.02% -225.96 5.000%06/15/2016 DD 02/01/04 SEC ID:31394PX24 FHLMC MUL71CLASS CrFS 2832 PA 99.3720 45,258.140 44,925.76 44,973.92 0.02% 48.16 4.500%04/15/2019 DD 07/01/04 SEC ID:31395C7B1 MLMC MULTICIASS CrFS 2891 LN 98.4350 828,623.100 814,251-66 815,655.15 0.29% 1,403-49 4.250%06/15/2024 DD 11/01/04 SEC ID:31395.IZ90 FHLMC MUL11CLASS CTFS 2905 UY 98.1640 78,589.880 77,423.32 77,146.97 0.03% -276.35 4.000% 10/15/2023 DD 12/Ol/04 SEC B):31395KDT7 FHLMC MULTICIASS MTG 98.6230 84,317.200 83,444.39 83,156.15 0.03% -288.24 4.5DD% 12/15/2025 DD 05/01/05 SEC ID:31395UT68 1011112006 8:48:38AM pD 7 Workbench Asset Detail Report ID: OLS013 9 0 OLIDATED- OCSGOOn 100 ease Currener: VSD Mellon by Currency AI[erna[e Hash Currency: 0 aCONS00 30 2006 Exchange Rate: / / Status: FINAL Net Unrealized Price Cost Market Value % of Gain/Lass Description Base Shares Par Base Base Total Base FHLMC MUL'1'1CLASS MTG 3008 JK 98.9530 500000.000 493,125.00 494,765.00 0.181,E 1.640.00 4.500% 11/15/2013 DO 07/01/05 SEC ID:31395WGA9 FNMA POOL#0684798 99.0000 230,113.890 229,916.14 227,812.75 0.08% -2,103.39 5.500%03/01/2033 DO 03/01/03 SEC ID:31400DX31 FNMA POOL 40684908 98.6050 218,876.340 221,680.73 215,823.02 0.08% -5,857.71 5.000%06101/2018 DO 05/01/03 SEC ID:31400WR1 FNMA POOL#0685200 98.6210 121,431.180 122,987.03 119,756.64 0.04% .3,230.39 5.000%03/01/2018 DD 03/01/03 SEC ID:31400EGH7 FNMA POOL#0686318 98.6300 178,944.860 184,313.21 176,493.32 0.06% -7,819.89 5,000%03/01/2018 DO 03/01/03 SEC ID:31400FPE17 FNMA POOL#0688739 98.6050 63,265.240 65,163.21 62,382.69 0.02% .2,780.52 5.00056 06/0 1120 1 8 DD 06/01/03 SEC ID:3I400JEL9 FNMA POOL#0689859 98.6050 74,991.950 75,952.77 73,945.81 0.03% -2,006.96 5.000%05/01/2018 DD 05/01/03 SEC ID:3140GKMG8 FNMA POOL M0693834 98.6300 374,843,890 386.089.21 369,708.53 0.13% -16,380.68 5.000%03/0112018 DD 03/01/03 SEC TO:3140OPY74 FNMA POOL80695852 98.6130 147,260.860 151,678.70 145,218.35 0.05% -6,460.35 5.000%0S/01/2018 DD05/0I/03 SEC OD:31400SBVO FNMA POOLM0695889 98.6130 511,185.790 526,521.37 504,095.64 0.18% -22,425.73 5.000%05/0I/2018 DD OS/01/03 SEC ID:31400SC23 FNMA POOL M0702210 98.5365 142,483.260 146,757.74 140,398.01 0.05% -6,359.73 5.000%05/01/2018 DO 05/01/03 SEC ID:31401ADP9 FNMA POOL#0702328 98.6130 87,508.580 88,629.78 86,294.84 0.039/6 -2,334.94 5.000%05101/2018 DO 04/01/03 SEC ID:31401ARD2 FNMA POOL#0709148 98.5960 181,724.360 187,176.10 179,172.95 0.06% -8,003.15 5.000%06/01/2018 DO 06/01/03 SEC ID:31401HZM7 FNMA POOL#0709360 98.5960 358,851.880 363.449.68 353,813.60 0.13% -9,636.08 5.000%07/01/20IS DD 06/01/03 SEC ID:31401JB56 ,70/II/2I6 8:4E:38AAI PDT ' 11 1 ( f I t ' GI t= r t I [_ = 'Or"er, 1 1 1 1 1 1 1 1 1 1 1 i i 1 1 1 1 1 1 Asset Detail Report M: OLS013 Base Currency: U8n / Mellon by Currency Alternate Base Currency: Exchange Rate: OCSDCONSOLIDATED- OCSOW010000 9/30/2006 status: FINAL Net Unrealized Price Cost Market Value. % of Gain/Loss Description Base Shares Par Base Base Total Base FNMA POOL 00709826 98,6050 71,612210 72,529.72 70.613,22 0031% -1,916.50 5.000%06/01/2018 DD 06/01/03 SEC ID:31401JSP4 FNMA POOL40709917 98.6050 146,838.640 148,720.02 144,790.24 0.05% -3,929.78 5.000%06/01/2018 DO 06/01/03 SEC ID:31401JVJ4 FNMA POOL#0710235 98.5960 357,548.660 368,275.14 352,528.68 0.13% -15,746.46 5.000%06/01/2018 DD 06/01/03 SEC ID:31401KBCB FNMA POOL 00713365 98.5960 151,741.380 153,685.56 149,61093 0.05% -4,074.63 5.000%07/01/2018 DD 07/01/03 SEC ID:3140INQSI FNMA POOL N0720319 98.5960 447,618.150 453,353.27 441,333.59 0.16% -12,019.68 5.000%07/01/2018 DD 07/01/03 SEC ID:31401WO45 FNMA POOL#0720369 98.5365 1,551,146.610 1,597,680.99 1,528,445.46 0.55% -69,235.53 5.000%06/01/2018 DD 06/01/03 SEC ID:31401WJNO FNMA POOL40721629 98.5960 198,659.270 204,619.07 195,870.09 0.07% -8,748.98 5.000%07/01/2018 DD 06/01/03 SEC ID:31401XV W4 FNMA POOLM0723487 98.5960 170,877.400 172,799.79 168,478.28 0.06% -4,321.51 5.000%06/01/2018 DD 06/01/03 SEC ID:31402AXQ4 FNMA POOLM0725530 98.3974 2,260,024.330 2,290,746.54 2,223,805.84 0.80% -66,940.70 5.000%06/0112019 DD 05/01/04 SEC ID:31402DA75 FNMA POOLM0729601 98.5880 265,510,460 268,912.34 261,761.45 0.09% -7,150.89 5.000%07/01/2018 DD 07/01/03 SEC ID:31402HRW3 FNMA POOL#0732873 98.5630 23,337.590 23,636.59 23,002.23 0,01% -634.36 5.000% 11/01/2018 DO 10/01/03 SEC ID:31402MFNS FNMA POOL#0737130 98.5800 413.296.060 418,591.39 407.427.26 0.15% -11,164.13 5.000% 10/01/2018 DD 10/01/03 SEC ID:31402S4P9 FNMA POOLN0738211 98.5365 375,274.340 380,082.56 369,782.17 0.13% -10,300.39 5.000% 10/01/2018 DO 10/01/03 SEC ID:31402UDQ2 FNMA POOL 40738487 98.5630 118,601.550 120,121.13 116,897.25 0.04% -3,223.88 5.000% 10/01/2018 DD 10/01/03 SEC ID:31402UNC2 1011112006 8:48:38" PDT 9 Workbench Asset Detail Report ID: OL8013 Base Currency: UBD / Mellon by Currency Altemate Base Ctatency: Exchange Rate: OCSACONSOLIDATED- OCSCDDOI000o 9/30/2006 Statue: FINAL Net Unrealized Price Cost Market Value % of Gal.. Loss Description Base Shares Par Base Base Total Base - FNMA 11001,4U740157 98.5365 1,475,393M30 1495419,14 1,453,800.53 0,52% -41,648.61 5.000% 10/01/2018 DD 10/01/03 SEC ID: 31402WfNO FNMA POOL 40740471 98.5365 470,888.670 476,921.93 463.997.18 0.17% -12.924.75 5.000% 10/01/2018 DO 10/01/03 SEC ID:31402Wr40 FNMA POOL#0740748 98.5800 502,380.210 508.816.94 495,246.41 0.18% -13,570.53 5.000% 10/01/2018 DD 11/01/03 SEC ID:31402W5H7 FNMA POOL#0743868 98.5365 24,936,150 25.255.66 24,57L21 0.01% -684.45 5.000% 11/01/2018 DO 10/01/03 SEC ID:314030MR1 FNMA POOL#0744008 98.6050 725,828.120 735.127.81 715,702.82 0.26% -19,424.99 5.000%07/01/2018 DD 09/01/03 SEC ID:31403BR54 FNMA POOL 40744316 98.5365 103,672.900 105.001.22 102,155.64 0.04% .2,845.58 5.000%09/01/2018 DD 09/01/03 SEC ID:31403B3Z4 FNMA POOL 00747914 98.5630 219,990.140 223,808.79 216.828.88 0.08% -5.979.91 5.000% 11/01/2018 DO 11/01/03 SEC ID:31403F3XO FNMA POOL 00748400 98.5365 125,593.770 127,202.95 123,755.70 0.04% -3,447.25 5.000%08/01/2018 DO 09/01/03 SEC ID:31403ONR9 FNMA POOLs0748899 98.5365 668,348.620 676,911.82 658,567.28 0.24% -18,344.54 5.000% 12/01/2018 DO 11/01/03 SEC ID:314D3D7LO FNMA POOL#0750377 98.5365 1,389,570.850 1,407,374.73 1,369,234.37 0.49% -38,140.36 5.000% 11/01/2018 DD 11/01/03 SEC ID:3I403JUA2 FNMA POOL#0750380 98.5365 1,164,277.980 1,179,195.30 1,147,238.68 0.41% -31,956.62 5.000% 11/01/2018 DD 11/01/03 SEC ID: 31403JUD6 FNMA POOL#0750445 98.5365 112,146.880 113,583.76 110.505.60 0.04% -3,078.16 5.000% 11/01/2018 DO 11/01/03 SEC ID: 31403JWE2 FNMA POOL#0751960 98.5365 502,601.500 509,041.10 495,245.89 0.18% .13,795.21 5.000% 12/01/2018 DO 11/01/03 SEC ID:3I403LMH1 FNMA POOL40753425 98.5540 545,367.180 551,672.99 537,481.17 0.19% -14,191.82 5.000% 11/01/2018 DO 11/01103 SEC ID:31403NA23 1011112006 8:48:38AM PDT _ Wmkbe rh Asset Detail Report ID: GL8013 Base Currency: USD @�CONS Mellon by Currency alternate Base Currency: Exchange Ratc: OOLIDATED-OCSC00010GOO 9/30/2006 Status: FINAL Net Unrealized Price Cost Market Value -% of - Gain/Loss, Description Base Shares Par Base - Base Total Base FNMA POOL#0755165 98.5540 406,792.780 112,004.81 400,910.56 0.14% -11,094.25 5.OW% 12/01/2018 DD 11/01/03 SECID:31403Q6A3 FNMA POOL#0756372 98.5540 713,640.060 721,891.53 703,320.82 0.25% -18,570,71 5.000% 11/01/2018 DO 11/01/03 SEC ID:31403SJR8 FNMA POOL#0789670 98.4420 690,730.290 700,119.92 679,968.71 0.24% -20,151.21 5.000% 12/01/2019 DO 12/01/04 SEC ID:31405HJP4 FNMA POOL 00792432 98.4660 693,992.860 703,426.82 683,347.01 0.24% -20,079.81 5.000% 10101/2019 DD 10/01/04 SEC TO:31405LLM9 FNMA POOLM0794195 98.4540 660,987.080 669,972.37 650,768.22 0.23% -19,204.15 5.000% 11/01/2019 DO 11/01/04 SEC M;31405NWG9 FNMA POOL#0800370 98.4420 306,868.820 306,533.19 302,087.80 0.11% -4,445.39 5.000% 12/01/2019 DD 11/01/04 SEC ID:31405VFK8 FNMA POOL#0803923 98.4310 996,600.390 1,010,147.93 980,963.73 0.35% -29,184.20 5.000% 12/01/2019 DD 12/01/04 SEC ID:31406AD41 FNMA POOL#0823358 98.6630 2,549,176.430 2,529,260.99 2,515,093.94 0.90% -14,167.05 VAR RT 02/01/2035 DD 04/01/05 SEC ID:314G6XWr5 FNMA POOL 00831697 100,4284 3,696,774.120 3,697,351.74 3,712,609.51 L33% 15,257.77 6.000%09/01/2036 DO 08/01/G6 SEC ID:31407H7J9 FNMA POOL#0879906 97.7520 348.488.760 341,478.14 340,654.73 0.12% -823.41 VARRT 10/01/2033DD02/01/06 SEC ID:31409VR39 FLORIDA PWR CORP SR NT SEE A 100.1560 900,000.000 900,000.00 901,404.00 0.32% 1,404.00 VAR RT 11/14/2008 DD 12/13/05 SEC ID:341099CF4 GNMA POOL#0421389 103.0110 4,853.640 5,094.05 4,999.78 0.00% -94.27 6.500%04/15/2026 DD G4/01/96 SEC ID:36206UC23 GNMA H POOL#0080023 101.8860 94,803.960 96,374.15 96,591.96 0.03% 217.81 VAR RT 12/20/2026 DD 12/01/96 SEC ID:36225CAZ9 GNMA II POOL#08008814 101.9470 117,078.610 119,639.69 119,358.13 0.04% -281.56 7.375%06/20/2027 DD 06/01/97 SEC ID:36225CC20 1011112006 8:48:38AM PDT 11 Workbench Asset Detail Report ID: GL8013 Base Currency: USD AMellon by Currency Alternate Base Currency: Exchange Rate: NSOLIDATED- OCSGW0100W 9/30/2006 Status: FINAL Net Unrealized` Price Cost Market Value % of Gain/Loss,: Description Base Shares Par Base Base Total Base GNMA 11 POOL#0080395 102-0360 91,4110030 90,571.73 93.260.93 O 0396 2,68920 VAR RT 04/20/203ODD04/01/00 SEC ID:36225CNM4 GNMA 11 POOL#080408X 102.0380 792,677.660 784,627.02 808.832.43 0.29% 24,205.41 VAR RT 05/20/2030 DO OS/Ol/00 SEC ID:36225CN28 GNMA 11 POOL#0080965 101.4980 753.477.320 753.006.39 764.764.41 0,27% 11,758.02 VAR RT 07/20/2034 DO 07/01/04 SEC ID:36225DCBO GENERAL ELEC CO NT 100.0460 700,000.000 700,000.00 700,322.00 0.25% 322.00 VAR RT 12/09/2008 DO 12/09/05 SEC ID:369604BM GENERAL ELEC CAP MTN TR00716 100.0780 2,600,000.000 2,600,000.00 2,602,028.00 0.93% 2,028.00 VAR RT 12/12/2008 DO 12/12/05 SEC ID:36962GT53 GOLDMAN SACHS GRP 100.5000 2,350,000.000 2,350,000.00 2,361,750.00 0.85% 11,750.00 VAR RT 06/28/2010 DO 06/28/05 SEC ID:38143UBD2 GNMA GTD REMIC TR 2000-9 FH 101.0310 306,425.300 3G6,425.30 309,594.54 0.11% 3,159.24 VAR RT 02/1612030 SEC ID:3837H4NX9 GNMA GTD REMIC P/T 03-97 DU 98.4950 1,000,000.000 981,250.GO 984,950.00 0.35% 3,700.00 4.000%D9/I6/2025 DD 11/01/03 SEC ID:38374EYK7 HSBC FIN CORP NT 100.2500 1,300,000.000 1,300,000.00 1,303,250.00 0.47% 3,250.00 VAR RT 091I5/2008 DO 09/15/05 SEC ID:40429CCU4 HSBC FIN CORP MTN 0 TR 00007 100.4680 2,000,000.000 1,997,220.00 2,009,360.00 0.72% 12,I40.00 VAR RT 05/10/201ODD05/10/05 SEC ID:40429JAG2 HSBC FIN CORP OTRO02W 99.9680 300.000.000 299,708.10 299,904.00 0.11% 195.90 5.300%08/15/2007 DO 08/24/06 SEC ID:40429XNBB HEWLETT PACKARD CO 100.1090 1,400,000.000 1,400,000.00 1,401,526.00 0.50% 1,526.00 VAR RT 05/22/2009 DO 05/26/06 SEC ID:428236AJ2 LEHMAN BROTHERS TR#G0596 100.1090 2,000,000.000 2,000,000.00 2,002,180.00 0.72% 2.180.00 VAR RT 10/22/2008 DD 10/24/05 SEC ID:52517PC58 MORGAN STANLEY 100.0460 700,000.000 701,043.00 700,322.00 0.25% -721.00 VARRT 01/12/2007DD01/13/04 SEC ID:61746BAK2 1011112006 8:48:38" PDT Wnrkbe rF.. I L 1 t l - t t - i t C 1 i ! I I 1 I / Ih Asset Detail Report ID: GM013 ®/ Bane Currency: llBD Mellon by Cniieaey A ternate BaneCurrency: Exchh ange Rate: OCSDCOA50LIDA TED- UC8G000I0000 9/30/2006 statna: eINaL Net Unrealized Price Cost. Market Value % of Gain/Loss Desorlption Base Shares Par Base Base Total Base MORGAN S1'ANLLY N'1` 97,3120 1,5110,000,000 1,476,210.00 1,459,680,00 0.521/1. -16,530.00 3.875%01/15/2009 DO 01/13/04 SEC ID:61746BAL0 SLM CORP MTN a TR 00067 100.3430 1,800,000.000 1,805,040.00 1,806,174.00 0.65% 1,134.00 VAR RT 07/25/2008 DO 07/26/04 SEC ID:78442FCUO SALOMON SMITH MTN M SR 00206 100.1400 1,800,000.000 1,806,663.60 1,802,520.00 0.65% -4,143.60 VAR FIT 0 5/181200 7 DD 05/28/02 SEC ID: 79548EJP8 SBA GTD DEV PARTN 2001-20C 1 103.7000 2,172,830.840 2,172,830.84 2,253,225.58 0.81% 80,394.74 6.340%03/01/2021 SEC ID:83162CWO SBA GTD PARTN CTFS SBIC-PS 01 101.3360 651,080.080 651.080.08 659,778.51 0.24% 8,698.43 6.640%02/10/2011 DO 02/21/01 SEC ID:831641DD4 U S TREASURY NOTES 97.3800 47,200,000.900 45,916,578.66 45,963,360.00 16.46% 46.781.34 3.375% 12/15/2008 DD 12/15/03 SEC ID:912828BT6 US TREAS-CPI INFLATION INDEX 98.1200 110,124.000 112,303.27 108,053.67 0.04% .4,249.60 2.000%01/15/2014 DO 01/15/04 SEC ID:912828BW9 US TREAS-CPI INFLATION INDEX 98.0400 3,346,419.000 3,359,876.53 3,280,829.19 1,18% -79,047.34 2.000%07/15/2014 DO 07/15/04 SEC ID:912828CP3 U S TREASURY NOTES 96.7700 10,620,000.000 10,208,529.17 10,276,974.00 3.68% 68,444.83 3.500% 12/15/2009 DD 12/15/04 SEC ID:912828DE7 U S TREASURY NOTES 99.4000 7,500,000.000 7,455,665.70 7,455,000.00 2.67% -665.70 3.750%03/31/2007 DO 03/31/05 SEC ID:912828DQO U S TREASURY NOTES 99.0600 24,000,000.000 23,779,484.97 23,774,400.00 8.51% -5,084.97 3.500%05/31/2007 DO 05/31/05 SEC ID:912828DW7 U S TREASURY NOTES 99.0100 4,600,000.000 4,528,899.04 4,554,460.00 1.63% 25,560.96 3.625%06/30/2007 DO 06/30/05 SEC ID:912828DY3 U S TREASURY NOTES 99.1800 8,100,000.000 8,022,038.71 8,033,580.00 2.88% 11,541.29 4.000%08/31/2007 DD 00/31/05 SEC ID:9I2828EF3 U 3 TREASURY NTS 97.4700 400,000.000 390,203.13 389.880.00 0.14% -323.13 3.875%09/15/2010 DO 09/15/05 SEC I➢:912828EG1 1011112006 8:48:38AM PDT 13 Workbench Asset Detail Report In: GLBo13 Baae Curreae7: DSD / Mellon by Currency Alternate Base Currency: Exchange Rate: 2006 OCSDCONSOLIDATED- OCSG00010000 9 30 / / Status: FINAL Net Unrealized Price Cost Market Value % of_,,,_„ Gain/Loss Ikscrlption. Base Shares Par Base Base T -1 Basc U S TREASURY NOTES 99,6900 2,100,000000 2,090,000.39 2,093490,00 0,75% 3,489.61 4.500% 11/15/2010 DO 11/15/05 SEC ID:912828EMS U S TREASURY NOTES 99.7660 10,000,000.000 9,941,942.30 9,976,599.90 3.57% 34.657.60 4.625%03/31/2008 DD 03/31/06 SEC ID:912828EZ9 U 5 TREASURY NTS 100,5000 12,800,000.000 12,832,753.16 12,864,000.00 4.61% 31,246.84 5.000%07/31/2008 DD 07/31/06 SEC ID:9I2828FM7 WACHOVIA BK INTL TR N SR OD027 99.9840 2,200,000.000 2,200,595.00 2,199,648.00 0.79% -947.00 VAR RT 03/23/2009 DD 03/23/O6 SEC TD:92976FBC6 TOTAL FIRED INCOME SECURITIES 295,341,697.070 291,008,260.14 291,039,998.44 104.24% 31,638.30 TOTAL ASSETS U.S. DOLLAR 364,280,725.910 279,167,616.96 279,399,255.26 100.00% 31,638.30 TOTAL ASSETS-BABE: 364,280,725.910 279,179,633.41 279,210,079.66 100.00% 31,446.27 1011112006 :48:38AM PDT 4 1 yJ�rkb M I r I 1 i 1 1 1 1 t 1 Q Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD OCSDC0N80LZDATED 7/3/2006 - 9/29/2006 OCSGOOOIOOOo - - Trade/ Ex Date - Units Principal Settle/ Pay Date Trade Price Commission [Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount 7/3/2006 U. . D LLAR(U D) RE EIVE V PAY - BUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/03/200605.1000% 7/3/2006 12,100000.000 .12,100,000.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33x=000DO355 7/3/2006 f00.0000 0.00 CLEARING BROKER:CREDITSUISSE,NEW YORK(CSFBUS33XKX)00000355 7/3/2006 0.00 0.00 CMS REF: 1061840099926 0.00 -12.100,000.00 SECID:99456D227 REG: REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/03/200605.1000% 7/3/2006 3.300,000.000 -3,300,000.00 TRADING BROKER:CREDIT SUISSE.NEWYORK(CSFBUS33)O1Q OMM355 7/3/2006 1000000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)OOQ 00000355 7/3/2006 0.00 0.00 CMS REF: 1061940102014 0.00 -3.300.000.00 SEC M:994MD227 RED:REPO Total RE EIVE V PAY -BUY (2( Total Principal: .16.400,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -15,400,000.00 DBLIV=V PAY-MT WMF/HUNTOON PAIGE ASSOC LTD FHA PROJ HAMPSHIRE TOWERS APT OOO 11150 6/29/2006 -921,107.830 921,107.83 PROCEEDS RECD AS RESULT OF A 6/25/06 FINAL PAYDOWN ON 1,000,000 ORIG 6/29/2006 100.0000 0.00 UNITS(LATE NOTICE( OOR OF 6/29 CASH ENT. 7/3/2006 0.00 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 921.107.83 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 CMS REF: IMIN0143111 SEC m:302998GE3 REG: MST FEDERALHOME LN BK CONS DISC NTS MATURES JULY3,2006 INCOME AT MAT 7/3/2006 -2,100.000.000 2,099,133.75 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 7/3/2006 100.0000 0.00 2,100,000.000 7/3/2006 0.00 866.25 TRADING BROKER:NON-BROKER TRADE. 000099 0.00 2,100,000.00 CLEARING BROKER NON-BROKER TRADE,,BOSTON N 00009999 CMS REF: 10618190OD593 SECID:3133BSYWO REG:FRB Total DELIVER V PAY-MT(21 Total Principal: 3,020,241.58 Total Commission: 0.00 Total Income: 866.25 Total Net: 3,021,107.83 DELIVER V PAY- ELL 10/24/2006 2:51:14PM PDT ] Workbench Mellon Custody Transaction History ReportMz CUA356 Hue Currency: DIED 2 6 2162/, 7 7/3/2 006 - 9/2 9/2006 0000000 Trade/ Ex Date Units Principals. Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FXFee Net Looll Aatolttl UNIIC13S'TA]+:SINE.451:]n NUI0S 111U i 1/ISrHlu615Uo 11/li/tu10 6/30/2006 1:1,200,000.00t1 12,882,375.00 TRADING BROKER:LEHMAN GOPI'SECS INC,NY WW%36 6/30/2006 97.5938 OAO CLEARING BROKER LEHMAN GOW SECS INC,NY 0004)W36 7/3/2OG6 Boo 74.250.00 CMS REF: 1061810100099 CLIENT REF:660002030026064 0.00 12,956,625.00 SEC ID:912828EM8 REG:FRB CSFOB CAT I REPO REPURCHASE AGREEMENT DID 06130/200604.5800% 7/3/2006 -12,100,000.000 12,100.000.00 CLOSE FOR 1061810093555 7/3/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBUS33K)0Q 00DO0355 7/3/2006 0.00 4.618.17 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)OM 00000355 0.00 12,104.618.17 CMS REF: 1061M000173 SEC m:99456B494 RED:REPO Total DELIVER V PAY- ELL(2) Total Principal: 24,982,375.00 Total commission: 0.DO Total Income: 79,868.17 Total Net: 25,061,243.17 NEAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/3/2OG6 0,000 .4,618.39 BOUGHT DREYFUS TREASURY CASH 7/3/2006 0.0000 0.00 CMS REF: 1061840X11375 7/3/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 A.618.39 BSDT-LATE MONEY DEPOSIT ACCOUNT 7/3/2006 0.000 -1,751,203.40 BOUGHT LATE MONEY DEPOSIT 7/3/2006 0.0000 0.00 CMS REF: 1061840241712 7/3/2006 0.00 0.00 SEC ID:996087094 REG:05 0.00 -1,751.203.40 Total M IN RELEA E -BDY 12) Total Principal: .1,755,821.79 Total Cummlulon: 0.00 Total Income: 0.00 Total Net: 4,755,821.79 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 7/3/2006 0.000 2,928,519.32 SOLD DREYFUS TREASURY CASH 7/3/2006 G.00GO 0.00 CMS REF: 1061840231377 7/3/2006 0.00 0.00 SEC 1D:996085247 REG:05 too 2.928,519.32 F RES N IN LDER RELEA E- D FEDERAL HOME LN RES CONS BD BID 07/02/2003 4.24%07/02/2013 7/3/2006 0.0GO 0.00 REC INTON 1070000.000UNITS PAY 07/03/O6 RATEO.021 7/3/2006 0.00010 0.00 CMS REF: 1061840011237 7/3/2006 0.00 22.684.00 SEC ID:31339Y3U4 0.00 22,684.00 11124/2r' j " 14PI IDT 1 1 ( 1 f 1 ♦ 1 1 1 1 1 ! - -kb�f ©/ Mellon Custody Transaction History Report ID CUA356 Base Currency: USD 2 6 2162/, 7 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount IiSDT-LATE.MONEY DEPOSIT ACCOUNT 7/3/2006 0,000 0.00 RECEIVED INTEREST BSDT-LATE MONEY DEPOSIT ACCOUN 7/3/2006 0.0000 0.00 CMS REF: 10 IMO18834 7/3/2006 0.G0 0.22 SEC ID:996087094 0.00 0.22 BSDT-LATE MONEY DEPOSIT ACCOUNT 7/3/2006 0.G0G 0.00 RECEIVED INTEREST BSDT4ATE MONEY DEPOSIT ACCOUN 7/3/2006 0.0000 0.00 CMS REF: 106184001MM 7/3/2006 0.00 0.08 SEC 0:996087094 000 0.08 Totd F RIM N H LDER RWXA E- D(3) Total Principal: 0.00 Total Commission: 0.00 Total income: 22,684.30 Total Net: 22,684.30 F REI N R LDER RELEA E- D WMF/HUNTOON PAIGE ASSOC LTD FHA PRQT HAMPSHIRE TOWERS APT000-11150 6/29/2006 0,000 -921.107.83 TO REVERSE ENTRYOF 06/29/06 PROCEEDS RECEIVED AS A RESULTOF A 6/29/2006 0.0000 0.00 6/25/06 FINAL PAYDOWN ON I,000,l10D.00 ORIGINAL UNITS 7/3/2006 0.00 0.00 CMS REF: 1061890219749 000 -921.107.83 SEC ID:302998GE3 Totd U. . D LIAR(U D) ( 3) Total Principal: 12,854,206.28 Total Commission: 0.00 Total income: 102,418.72 Total Net: 12,956,625.00 7/5/2006 U. . D LLAR (U D) RE FIVE V PAY -BOY FEDERAL NAIL MTO ASSN DISCOUNT NTMATURFS JULY 6,2006 INCOME AT MAT 7/5/2006 4,000,000.000 -3.999,427-78 TRADING BROKER:MORGAN STANLEY&CO INC,WOODDD050 7/5/2006 99.9857 0.00 CLEARING BROKER MORGAN STANLEY&CO INC,NY 0000DO50 7/5/2006 0.00 0.00 CMS R 106 18600 CLIENT REF6 7000 2030 02619 0 0.00 -3,999.427.78 SEC ID:3135820 REG:FRB UNITED STATES TREASURY BILL DTD 02/02/2006 DUE 08/03/20D6 7/5/2006 I,000,000.000 -996,205.63 TRADING BROKER BANC OFAMEMCA SEC LLC,SAN FRANCISCO 000D5235 7/5/2006 99.6206 0.00 CLEARING BROKER BANCOF AMERICA SECS LLC,CHARLOTTE 000D0773 7/5/2GG6 0.00 0.00 CMS REF: 10 5 1860 1292 61 CLIENT REF.670DO6030009239 0.00 .996.205.83 SEC ID:912795KP1 REG:FRB 1012412006 2:51:14PM PDT 3 Workbench @ Mellon Custody Transaction History Repart III: CUA356 Base Currency, USD 2 6 :P2162/, 7 7/3/2006 - 9129/2006 000 0" Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income _.. ., � . . . :- FX Fee Net Lacal.Amount CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/05/200605.1000% - 5/2001, 11':;00. 00 unn -14,500.000.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBUS33X)D000000355 _ 3 _11V11' lUo nUUn OM CLEARING BROKER: CREDIT SUISSE,NEW YOM ICSFBUS33UIXXI 00(H0355 1)010 0.00 CMS REF: 1061860126329 1) DI) -14,500,000.00 SEC ID-99456FS37 REG:REPO Total RE MW V PAY -BUY (3) Total Principal: -19,495.633.61 Total Commimion: 0.00 Total Income: 0.00 Total Net: -19,495,633.61 DELNER V PAY-MT WELLS FARGO BANK NA INSTL CTF DEP PROGRAM BOOK ETNRY DTD 06/15/2006 7/5/2006 -3,400,000.000 3,400,000.00 PROCEEDS RECEIVED AS A RESULT OF A M ATURITY FOR CASH AMOUNT 7/5/2006 100.0000 0.00 3,400,000.000 7/5/2006 0.00 9,784A4 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009M 0.00 3,409,784.44 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 CMS REF: 1061849MI064 SEC ID:9497P5PL8 REG:DTC DELIVERY PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DID 07/03/2006 05.1000% 7/5/2006 -12.100.000.000 12,100,000.00 CLOSE FOR 1061840099926 7/5/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK)CSFBUS33Y.VQ 00000355 7/5/2006 0.00 3,428.33 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 12,103,428.33 CMS REF: 106 1860 0000 41 SEC ID:99456D227 REG: REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DID 07/03/200505.HM% 7/5/2006 -3,300,000D00 3,300,000.00 CLOSE FOR 1061890102014 7/5/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFSU533XXKq 00000355 7/5/2006 0.00 935.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 0.00 3,300,935.00 CMS REF: IN 1860000060 SEC ID:99456D227 REG: REPO Total iommaR V PAY. ELL(2) Total Principal: 15,400,o00.o0 Total Commiseion: 0.00 Total Income: 4,363.33 Total Net: 15,404,363.33 MAR IN NELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/5/2006 0.000 -25,456.04 BOUGHT DREYFUS TREASURY CASH 7/5/2006 0.0000 0.00 CMS REF: IN IN0238041 7/5/2006 0.00 0.00 SEC M:996085247 REG:05 0.00 -25.456.04 ,"74/2V i'I11PM1 MT ' ' ' '� ' � ' 4 ' 1 1 1 1 ' Workbench i ._-A —i IJ 4 —1 I _1 I J J- I _ I Mellon Custody Transaction History RepartID: CUA356 Base Currency: Den 2 6. 2162/,. 7 7/3/2006 - 9/29/2006 000 0000 Trade Ex Date Unitsr Anc Settle/ Pay Date Trade Price ,Commiipssion Description - Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount DREYFUS TREASURY CASI I MANAGEMENT 7/5/2006 0.000 -1,061,732.07 BOUGHT DREYF STREASURY CASH 7/5/2006 0.0000 0.00 CMS REF: 1061860239042 7/5/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1.061,732.07 Total MAR IN RELEA E -BUY (2) Total Principal: -1,087,188.11 Total Commission: 0.00 Total Income: 0.00 Total Net: -1,087,188.11 ELL BSDT-LATE MONEY DEPOSIT ACCOUNT 7/5/2006 0.000 1,751,203.40 SOLD LATE MONEY DEPOSIT 7/5/2006 0.0000 0.00 CMS REF: 1061860008175 7/5/2006 0.00 0.00 SEC ID:996087094 REG:05 0.00 1,751,203.40 F RES NH LDER I FLEA E. D DREYFUS TREASURY CASH MANAGEMENT 7/5/2006 0.000 0.00 RECEIVED INTEREST DREYFUS TREASURY CASH MANAGEME 7/5/2006 0.0000 0.00 CMS REF: 1061860170192 7/5/2006 0.00 8,449.10 SEC ID:996085247 0.00 8,449.10 DREYFUS TREASURY CASH MANAGEMENT 7/5/2006 0.000 0.00 RECEIVED INTEREST DREYFUS TREASURY CASH MANAGEME 7/5/2006 0.0000 0.00 CMS REF:1061860170193 7/5/2006 0.00 9,021.45 SEC ID:996085247 0.00 9,U21.45 Total F REI N H LDER RELEA E- D (2) Total Principal: 0.00 Total Commission: 0.00 Total income: 17,470.55 Total Net: 17,470.55 Total U. . D LLAR(U D) I ) Total Principal: .31,618.32 Total Commission: 0.00 Total Income: 31,618.32 Total Net: 0.00 7/6/2006 U. . D LLAR lU DI RE EIIrE V PAY - BUY 10/24/2006 2:51:14PM PDT 5 Workbench ® Mellon Custody Transaction History Report m: CUA366 ,n Base Curreoey: USD 2-6UrP2162/,'-''17" 7/3/2006 - 9/29/2006 0000000 - Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Miss. Expense Income .a._ - FX Fee Net Local Amount BANKAMERICACORP DISCOUNT NT DUE 08/01/2W6 INCOME.AT MAT 7/6/2006 1,500,000.000 4494,301,67 TRADING BROKER:BANC OFAMERICA SECS LLC,CHARLOTTE 00000773 7/6/2006 99,6201 0.00 CLEARING BROKER BANC OF AMERICA SECS LUC,CHARLOTTE 00000773 7/6/2006 0.00 0.00 CMS REF: 106 1870 0686 66 CLIENT REF.670006030009243 0.00 -1,494,301.67 SEC ID:0660PIR12 REG: DTC CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/06/200605.1700% 7/6/2006 12,500,000,000 -12,500,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK ICSFBUS337DM 00DO0355 7/6/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 7/6/2006 0.00 0.00 CMS REF: 1061870100919 0.00 -12,500,000.00 SEC 1D:994%HM4 REG: REPO LEHMAN CAT REPO REPURCHASE AGREEMENT DTD 07/06/200605,1400% 7/6/2006 4.000,000.000 -4,000,000.00 TRADING BROKER LEHMANGOVT SECS INC,NY OOU00636 7/6/2006 100.0000 0.00 CLEARING BROKER: LEHMAN GOVT SECS INC,NY 00000636 7/6/2006 0.00 0.00 CMS REF: 1061870101839 0.00 -4,000,000.00 SEC ID:994MH491 REG: REPO Total RA EIVE V PAY-BUY(3) Total Principal: .17,994,301.67 Total Commission: 0.00 Total Income: 0.00 Total Net: .17,994,301.67 DELIVER V PAY-MIT FE DERAL NATL MTO ASSN DISCOUNT NT MATURES JULY 6.2006 INCOM E AT MAT 7/6/2006 .4,000000.000 3,999,427.78 PROCEEDS RECEIVED AS A RESULT OF MATURITY FOR CASH AMOUNT 7/6/2006 i00.0000 0.00 4,000,000.000 7/6/2006 0.00 572.22 TRAIN NG BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 4,000,000.00 CLEARING BROKER NON-BROKER'MADE,BOSTON 00009999 CMS REF: 106 1869 0004 13 SEC ID:31358 Y O REG:FRB DBLIVBRV PAY- ELL CS FOB CAT 1 REPO REPURCHASE AGREEMENT D7D 07/05/2006 05.1000% 7/6/2006 .14,500,000.00(l 14,500,000.00 CLOSE FOR 1061860126329 7/6/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBL633XXX)00000355 7/6/2006 0.00 2,054.17 CLEARONO BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XX)Q 00000355 0.00 14,502,054.17 CMS REF: 1061870000475 SEC 0):994MF537 RED:REPO MAR IN RBLBA B-BUY DREYFUS TREASURY CASH MANAGEMENT 7/6/2006 0.000 -507,752.50 BOUGHT DREYFUS TREASURY CASH 7/6/2006 0.0000 0.00 CMS REF: IM1870199131 7/6/2006 0.00 0.00 SECID:996085247 REG:05 0.00 ,507,752.50 Workbe ,m174/20n6 7 vIg9P?j PDT Q Mellon Custody Transaction History Report m: CUA356 Base Currency: USD 2 6 -2162/, 7 7/3/2006 - 9/2 9/2006 000 0000 Trade/ Ex Date Units .Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total U. . D LLAR IU DI (6) Total Principal: -2,626.39 Total Cammisslon: 0.00 Total Income: 2,626.39 Total Net: 0.00 7/7/2D05 U. . D LIAR 1U DI RE EPM V PAY - BUY UNITED STATES TREASURY NOTES DTD II/15/20054.5001/. 11/15 IMIG 6/30/2006 13,200,000,000 -12,881,909.30 TRADING BROKER LEHMAN GOVT SECS INC,NY 000OD636 7/7/2006 97.5902 0.00 CLEARING BROKER LEHMAN GOUT SECS INC,NY 00000636 7/7/2OG6 0.00 -85,548.91 CMS REF: 1061810100221 CLIENT REF:660002030026065 0.00 -12,967,458.21 SEC 03:912828EMB MG:FRB WELLS FARGO BANK NA INSM CIF DEP PROGRAM BOOK ENTRY DTD 07/07/2006 7/6/2006 3.000,000.000 -2,999,979.24 TRADING BROKER GOLDMAN SACHS&CO,NY 000D0005 7/7/2006 99.9993 0.00 CLEARING BROKER:GOLDMAN SACHS&CO,NY 00D00005 7/7/2006 0.00 0.00 CMS REF: 106 1870 1436 99 CLIENT REP.670006030009248 0.00 -2,999.979.24 SEC ID:9497P"10 RED: DTC CS FOB CAT I REPO REPURCHASE AGREEM ENT DTD 07/07/200605,1500% 7/7/2006 10,000,000.000 -10,000,000GO TRADING BROKER CREDIT SUISSE, NEW YOM ICSFBU833XXX1000D0355 7/7/2006 100.0000 0.00 CLEARING BROKER:CREDIT SUISSE,NEW YOM ICSFBUS33XXX100000355 7/7/2006 0.00 0.00 CMS REF: 1061880091966 0.00 -10,000.000.00 SEC ID:99456K585 REG:REPO Total as EIVE V PAY -BUY 131 Total Principal: -25,881,888.54 Total Commission: 0.00 Total Meome: -85,548.91 Total Net: -26,967,437.45 DELIVERY PAY- ELL FEDERAL NATL MTG ASSN DISCOUNT NTS MATURES AUGUST 1,2006 INCOME AT 7/7/2006 -9.000,D00.000 8,958,880.00 MAT 7/7/2006 99.5431 0.00 TRADINGBROKER MERRIL LYNCH PIERCE FENNER SMITH INC NY 00000161 7/7/2006 0.00 9,057.50 CLEARING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NY 00000161 0.00 8,967,937.50 CMSREF: 1MIM0583% CLIENTREP.670002030026M1 SEC iD:313589A37 REG: FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/06/2006 05.1700% 7/7/2006 -12,500,000.000 12,500,000.00 CLOSE FOR 1061870100919 7/7/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YOM ICSFBUS33XXX1000D0355 7/7/2006 0.00 1,795.14 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00 MOSS 0.00 12,501,795.14 CMS REF: 106 1880 0002 22 SEC ID:994561-1384 REG: REPO 1012412006 2:51:14PM PDT 7 Workbench Mellon Custody Transaction History Repartm; CUA356 Hasa Currency: VSD 2 6 2162/, 7 7/3 /2006 - 9/29/2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense .Income Description F%Fee NetLocat-Amoant !I?IIM:W CAI'1RcivRr:PURCNsrAcdP[,1%M1NiurD07/06/2au,a6.I100'b 7/7/2006 .000.000.000 4,000,000.00 CLOSE FOR 1061870101839 7/7/2006 100.0000 0.00 TRADING BROKER LEHMANGOVT SECS INC,NY W000636 7/7/2006 0.00 571.11 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 0.00 4.000.571.11 CMS REF: 1061880000289 SEC 83:99456H491 REG: REPO Total DELIVER V PAT- ELL(31 Total Prinelpal: 25,458,880.00 Total CommWbn: 0.00 Total Income: 11,423.75 Total Met: 25,470,303.75 81AR IH RELEA E -BUT DREYFUS TREASURY CASH MANAGEMENT 7/7/2006 0.000 -113,462.35 BOUGHT DREYFUS TREASURY CASH 7/7/2006 0.0000 0.00 CMS REF: IMIMOISS992 7/7/2006 0.00 0.)0 SEC m:9 9608 52 47 REG:05 0.00 -113.462.35 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 7/7/2006 0.000 495,261.60 SOLD DREYFUS TREASURY CASH 7/7/2006 0.0000 0.00 CMS REF: 1061880158990 7/7/2006 0.00 0.00 SEC IU:996085247 REG:05 noo 495,261.60 FRET H H LDER RELEA E- D FEDERAL HOME LN MTG COW MEDIUM TERM NPS FED BOOK ENTRY DM 7/7/2006 0.000 0.00 REC INT ON 6342000.000 UNITS PAY 07/07/06 RATE 0.017 7/7/2006 0.0000 0.00 CMS REF: 1061880005644 7/7/2006 0.00 112,411.95 SEC ID:3128X1NJ2 0.00 112,411.95 FEDERAL NAIL MTG ASSN DEBS DTD 03/07/2005 VAR RATE 09/07/2006 7/7/2OG6 0.000 0.00 RECD INT ON 7000DO.00O UNITS PAY 07/07/06 RATE 0.(MI 7/7/2006 0.0000 0.00 CMS REF: IM1890071048 7/7/2006 0.00 2,922.50 SEC ID:31359MX21 0.00 2,922.50 Total F REt R H LDER RELEA E- D(2l Total Principal: 0.00 Total CommWlon: 0.00 Tool income: 115,334.45 Total Net: 115,334.45 Total U. . D LLAR IU D) ( Q Total Principal: 41,209.29 Total Commission: 0.00 Total Income: 41,209.29 Total Net; 0.00 1•�174/21r f.11.14Pi �,Dr 1 1 1 ( 1 1 ( 1 t 1 i 1 ( werA eih J tJ I 1 -_ 1 1 I 1 1 I 1 1 /© Mellon Custody Transaction History Report ID: CUA356 Base Curreney: USD 2'E'. 'a2162/, 7 7/3 /2006 - 9/29/2006 ODD 0000 MmdB/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount 7/10/2006 U. . D LLAR In DI RE FIVE V PAY - BUT FEDERALHOME LN BKS CONS BD DTD 06/29/200651/4%12/29/2006 7/7/2006 400,000.000 -399,250.00 TRADING BROKER:FIRSTTENNESSEE BK NA-BOND DIV.MEMPHIS 00009512 7/10/2006 99AI25 0.00 CLEARING BROKER FIRSTTENNESSEE BANK BOND DIVISION,MEMPMW2445 7/10/2006 0.00 -641.67 CMS REF: 1061880097213 CLIENT REF.670006030009255 0.00 -399,891.67 SECID:3133XFTM8 REG:FRB CS FOB CAT REPO REPURCHASE AGREEMENT DTD 07/10/200605.160U% 7/10/2006 12400.000,000 -12,400,000.00 TRADING BROKER:CREDIT SUISSE,NEWYORK ICSFBU533XXXI 00000355 7/10/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)"M355 7/10/2006 0.00 0.00 CMS REF: 106 REG 0Go -12.400,000.00 SF.0 ID:99456M748 M]48 REG:REPO Total RE EIVE V PAY -BUT (2) Total Principal: -12,799,250.00 Total Commission: 0.00 Total Inc*.: .641.67 Total Net: -12,799,891.67 DELIVER V PAY-MT FEDERAL NATL MTG ASSN DISCOUNT NT MATURES JULY 10.2006 INCOME AT MAT 7/10/2006 -2,400,000.000 2,393,489.33 PROCEEDS RECEIVED AS A RESULT OFA MATURTIY FOR CASH AMOUNT 7/10/2006 100.0000 0.00 2,400,000.000 7/10/2006 0.00 6,510.67 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 Goo 2,400,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 1061889000449 SEC ID:313589ZD8 REG: FRB DELIVER V PAY- ELL FEDERAL HOME LN BK CONS DISC NTS MATURES JULY 21,2M61NCOME AT MAT 7/7/2006 -400,000.000 390,940.44 TRADING BROKER:CIITGROUP GBL MKTS/SALOMON,NEW YORK 00000274 7/10/2006 97.7351 0.00 CLEARING BROKER CITIGROUP GBL MKTS/SALOMON,NEW YORK 000W274 7/10/2006 0.00 8.487.56 CMS REF: 106 11180 122375 CLIENT RE61670006030009256 0.00 399,428.00 SEC ID:313385Zp2 REG: FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/07/2"0SA500% 7/10/2006 -10,000,000.000 10,000,000.00 CLOSE FOR 1061880091966 7/10/2006 100.0000 GG0 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBI.S33)XK)OD000355 7/10/2006 0.00 4,291.67 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 10,004,291.67 CMS REF: 1061910000238 SEC ID:99456K585 REG:REPO 1012412006 2:51:14PM PDT 9 Workbench Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 211611ti112162/,LI, T'I 1 7/3 /2006 - 9/29/2006 000 0001) Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Miss. Expense Income FX Fee Net Local Amount Total DCLNER v PAY - ELL(2) Total Principal: 10,390,940.44 Total Commission: 0.00 Total Inca me: 12,779.23 Total Net: 10,403,719.67 MAR IN RELEA E •BUY DREYFUS TREASURY CASH MANAGEMENT 7/10/2006 0.000 -3,828.00 BOUGHT DREYFUS TREASURY CASH 7/10/2006 0.0000 0.00 CMS REF: 1061910175543 7/IO/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -3,828.00 DREYFUS TREASURY CASH MANAGEMENT 7/10/2006 0.000 -4,275.00 BOUGHT DREYFUS TREASURY CASH 7/10/2006 0.0000 0.00 CMS REF: 1061910175544 7/10/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 4,275.00 Total MAR IN RELEA E-BUY l2) Total Principal: -8,303.00 Total Commission: 0.00 Total Income: MDO Total Net: -8,103.00 F REI N R LD11R RELEA R- D FEDERAL HOME LN BKS CONS BD STEP COUPON 2%TO 7105;RESET ANNLY 7/10/2006 0.000 0.00 RECD INT ON 380000.000 UNITS PAY 07/10/06 RATE 0.0112 7/10/2006 0.0000 0.G0 CMS REF: 1061910094427 7/10/2006 0.00 4,275.00 SEC ID:31339XW26 0.00 4,275.00 Total U. . D LLAR(U D) (8) Total Principal: .22.923.23 Total Commission: 0.00 Total Income: 22,923.23 Total Not: 0.00 7/I1/2006 U. . D LLAR IU DI RE El V V PAY -BUY FEDERAL NAIL MTG ASSN DISCOUNT NT MATURES JANUARY 3,M07INCOME AT 7/10/2006 3,200,000.000 -3,116,928.00 TRADING BROKER MORGAN STANLEY8,00INC,NY 00000050 7/11/2006 97.4040 0.00 CLEARING BROKER MORGAN STANLEY ACO INC, NY 0000DO50 7/11/2006 0.00 0.00 CMS REF: 106 1910 104570 CLIENT REF:6700060.30OD9265 0.00 -3.116,928.00 SEC ID:313588AC9 REG:FRB w rkbe 11^174/aynA �'s"14PM( 7DT 1 � � �" ( I _ �' I. f" �� f 1 1 1 1 ) 000 Mellon Custody Transaction History Report ID: CUA356 Basc Currency:LUSD 162/, 7 7/3 /2 006 - 9/2 9/2 006 D000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission DescrtpFion, Actual Settlement Date Misc. Expense Income - FX Fee Net Local Amount CKI.Li'r SUISSE FIRST WSTON REPURCHASE AGREEMEW DID 07/11/2V)6 7/11/200(b IU,IOU,000D011 JO,IOO,000MO TRADING BROKER-CREDIT SUISSE,NEWYORK ICSMWMXXX)00000355 7/I1/2006 WO.0000 0.00 CLEARING BROKER CREDIr SUISSE,NEW YORK ICSPBUS33XXXI 00000355 7/11/2006 0.00 0.00 CMS REF: 1061920196927 11.00 .10,100,000.00 SECID:99456N522 REO:REPO Tot'[RE EIVE V PAY -BUY 121 Total Principal: -13,216,928.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -13,216,928.00 DEI.NER V PAY- ML FEDERAL NATL MID AWN DISCOUNT NTS MATURES JULY 19,20061NCOME AT 7/10/2006 -800,000.000 782,020.67 MAT 7/11/2GO6 97.7526 0.00 TRADING BROKER:MORGAN STANLEY A CO INC,NY 000DD050 7/11/2006 0.00 17,081.55 CLEARING BROKER MORGAN SPANLEY A CO INC,NY 00000050 0.DO 799,102.22 CMSREF: 1061910093531 CLIENT REF:670006030009264 SEC ID:313589ZN6 REG:FRB CS FOB CAT I REM REPURCHASE AGREEMENT DID(Y7/10/2DD605.1600% 7/11/2006 -12,400,000.000 12.400.000.00 CLOSE FOR 1061910094044 7/11/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK tCSFBUS33)DDQ ODDD0355 7/11/2DG6 0.00 1,777.33 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBUS33XXX)ODOOD355 0.00 12,401,777.33 CMS REF: 10619200DO538 SEC ID:99456M748 REG:REPO TOt'I DELBYER V PAY- ELL 121 Total Principal: 13,182,020,67 Total Commission: 0.00 Total Income: 18,858.8E Total Net: 13,200,879.6E MAR IB RELEA E-HUY DREYFUS TREASURY CASH MANAGEMENT 7/11/2006 0.000 -7,542.20 BOUGHT DREYFUS TREASURY CASH 7/11/2006 0.0000 0.00 CMS REF: 1061920147023 7/11/2006 0.00 0.00 9EC ID:996085Z47 REO:OS 0.00 .7,542.20 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 7/11/2006 0.000 13,534.38 SOLD DREYFUS TREASURY CASH 7/1I/2006 0.0000 0.00 CMS REF: 1061920147022 7/11/2006 0.00 0.00 SBC ID:9 9608 524 7 REO:05 0.00 13,534.38 F REI R H LDER RELEA E- D 10/24/2006 2:51:14PM POT ll Workbench Mellon Custody Transaction History Report ID: CUA356 Bea. Currency: USD 2 6 1711 7/3/2006 - 9/29/2006 0000000 Trade/ Ex Date Units "P pcipaf' Settle/ Pay Date Trade Price Commission Description - Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CONUCOPHII.1.115 GTU N'r U I D 04/11/20U6 VAR RA'I'F 04/11/'200'l ;/1112006 p11p0 QUO RECD INTON 200WO.DW UNITS PAY 07/11/06 RAT'F.00125 7/11/2006 0,0000 0.00 REVERSAL INDICATOR Y 7/11/2006 0.00 2,514.07 CMS REF: 1061920124926 0.00 2,514.07 SEC ID:20825CALS CONOCOPHILLIPS GM NT DTD 04/11/2OD6 VAR RATE 04/11/2007 7/1112006 0.000 0.00 RECD INT ON 60OD00.000 UNITS PAY 07/11/06 RATE 0.0125 7/11/2006 ODOM 0.00 REVERSAL INDICATORY 7/11/2006 0.G0 7,542.20 CMS REF: 1061920124929 0.00 7,542.20 SEC ID:20825CALS Total F R a H LDER RELEA E- D (2) Total Principal: 0.00 Total Commlealon: 0.00 Total Income: 10,OS6.27 Total Net: 10,056.27 Total U. . D LLAR IU D) (8) Total Principal: .28,91S.15 Total Commission: 0.00 Total Interne: 28.915.15 Total Net: 0.00 7/12/2006 U. . D LLAR(U D) RE FIVE V PAY -BUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/121200605.170D% 7/12/2006 10,100,000.000 -10.100.000.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBUS33X)N 00000355 7/12/2OG6 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXM 000OG35S 7/12/2006 0.00 0.00 CMS REF: 1061930091175 0.00 -10,100,000.00 SEC m:99456R689 REG:REPO VMWERV PAY. ELL CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENP DID 07/11/2OD6 7/12/2006 -10,100,G00.G00 10,100,000.00 CLOSE FOR 1061920196927 7/12/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFSUS33)OW 00000356 7/12/2006 0.00 1,444.86 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 0.00 10,101,444.86 CMS REF: 10619300006W SEC ID:99456N522 REG:REPO Iowa IN RELEA E -INN DREYFUS TREASURY CASH MANAGEMENT 7/12/2006 0.000 -1,444.86 BOUGHT DREYFUS TREASURY CASH 7/l2/2006 0.0000 0.00 CMS REF: 1061930182863 7/12/2006 0.00 0.00 SEC ID:996085247 REG:05 000 -1,444.86 IIn72412�N6 15, 4PM1 11 I i 1_ ', i 1 �� I ( t 1 I Wnrkbenlh @ Mellon Custody Transaction History Report CUA356 Base Currency: USE, 2 6' 2162/,LIV7'i 7/3 /2 006 - 9/2 9/2 006 000 Trade/ Ex Date Units " Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount DREYFUS TREASURY CASTI MANAGENE.N I' 7/12/2006 0,000 14,416.32 BOUGHT DREYFUS TREASURY CASH 7/t2/2006 0.0000 0.00 CMS REF: 1061930182864 7/12/2006 0.00 0.00 SEC ID:996085247 REG-05 0.00 -14.416.32 Total MAR IN RELEA E - BUY 12) Total Principal: 45,861.18 Total Commission: 0.00 Total Income: 0.00 Total Net: -15,861.18 F REI N H LDER RELEA E- D MORGAN STANLEY DTD 01/13/2004 VAR RATE 01/12/2007 7/12/2006 0.000 0.00 RECDINTON 1100000.000 UNITS PAY 07/12/06 RATE 0.0131 7/12/2006 0.0000 0.00 CMS REF: 1061930162151 7/12/2006 BOB 14,416.32 SEC ID:61746BAK2 0.00 14,416.32 Total U. . D LLAR(U D) (5) Total Principal: -15,661.18 Total Commission: 0.00 Total I.e..: 15,861.18 Total Net: 0.00 7/13/2006 U. . D LLAR EU D) RE EIVE V PAY -BUY CS FOB CAT REPO REPURCHASE AGREEMENT DID 07/13/200605.1900% 7/1312G06 10,100,000.000 -10.100,000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33)00()00DO0355 7/13/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)OD000355 7/13/2006 0.00 0.00 CMS REF: 1061940095463 0.00 -10,100,000.00 SEC ID:994567677 REG:REPO DELMERV PAY- ELL CSFOB CAT I REPO REPURCHASEAOREEMENT DTD07/12/200605.1700% 7/13/2006 -10,100,000.000 10,100,000.00 CLOSE FOR 1061930091175 7/13/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33X10Q 00000355 7/13/2006 0.00 1,450.47 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBU333XXXl 00001355 0.00 10,101,450.47 CMS REF: 106394000M91 SEC ID:99456R689 REG:REPO MAR IN RELEA E -BUT DREYFUS TREASURY CASH MANAGEMENT 7/13/2006 0.000 -1,450.47 BOUGHT DREYFUS TREASURY CASH 7/13/2006 0.0000 0.G0 CMS REF: 1DG19QI68571 7/13/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,450.47 1012412006 2.51:14PM PDT 13 Workbench ® Mellon Custody Transaction History Report ID: CUA356 Base Currency: UBD 2, W'1'1121621,19.1713❑ 7/3/2006 9/29/2006 000 olm _ Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total U. . D LLAR(U In (3) Total Principal: -1,450.47 Total Commission: 0.00 Total Income: 1,450.47 Total Net 0.00 7/14/2006 U. . D LIAR iU of RE FIVE V PAY -BUT FEDERAL HOME LN BK CONS DISC NM MATURES APRIL 3.2007 INCOME AT 7/13/2006 3,400,000.000 -3,269,G99.06 TRADING BROKER:CHASE SECURITIES,NEW YORK 00000187 7/14/2006 96.1500 0.00 CLEARING BROKER CHASE SECURITIES,NE W YORK 00000187 7/14/2006 0.00 0.00 CMS REF: ID61940130782 CLIENT REF.670006030009284 0.00 -3,269,099.06 SEC ID:313396DWO REG:FRB CREDIT SUISSEFIRST BOSTON INTLLTD REPURCHASE AOREEMENt DTD 7/14/2006 10,200,000.000 -10,200,000.00 07/14/2006 7/14/2G06 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33)O0Q 00000355 7/14/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33XXX)00000355 0.00 40,200,000.00 CMS REF: 1061950083855 SEC ID:99456V797 REG: REPO Total RE ETVE V PAY -BUY (2) Total Principal: .13,469,099.06 Total Commission: 0.00 Total Income: 0.00 Total Net: .13,469,099.06 DELIVER V PAY- ELL FEDERAL HOME LN MID CORP DISC NTS MATURES AUGUST 1,2006 INCOME AT 7/13/2006 -2,500,000.000 2,443,793.40 MAT 7/1412006 97.7517 0.00 TRADING BROKER:MORGAN STANLEY&CO INC,NYG0000050 7/14/2006 0.00 49,831.60 CLEARING BROKER MORGAN STANLEY&CO INC, NY 00000050 0.00 2,493,625.00 CMS REF: 106 1940 1241 86 CLIENT REF:670(106030009282 SEC IN:313397A35 REG: FRB FEDERAL HOME LN MTO CORD DISC NTS MATURES AUGUST 15,2006 INCOME AT 7/13/2006 -900,000.000 980,218.00 TRADING BROKER MORGAN STANLEY&CO INC,NY 00000050 7/14/2006 97.8020 0.00 CLEARING BROKER MORGAN STANLEY&CO INC,NY 0D000(l 7/14/2G06 0.00 15,718.00 CMS REF:106 1940 1241 83 CLIENT REIC 670006030009283 0.00 895.936.00 SEC ID:313397B9 I REG:FEB ....94/ya fr,.I4PA% oDT � it % jr . � � i I � jr _ I War kba _A J I I I _ A I i 1 1 I I I I ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9/29/2006 O00 GOOD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CSF013CAT I REIV REPURCHASE AGREEMENT DM 07/13/200605.19009/ 7/14/2006 I O,100000000 10.10000000 CLOSF. FOR 1061940095463 7/14/2006 100.0000 0-00 TRADING BROKER CREDIT SUISSE.NEW YOM(CSFBLB33X)1Q 000D0355 7/1.1/2006 0.00 1,456.08 CLEARING BROKER CREDRSUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 10,101,456.08 CMS REF: 1061950000553 SEC ID:99456T677 REG:REPO TOW DBLIVErt V PAY- ELL 131 Total Principal: 13,424,011.40 Total Commission: 0.00 Total Income: 67,005.68 Total Net: 13,491,017.08 MAR IN]III E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/14/2006 0.000 -21,918.02 BOUGHT DREYFUS TREASURY CASH 7/14/2006 0,0000 0.00 CMS REF: 10619MI74989 7/14/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -21.918.02 DREYFUS TREASURY CASH MANAGEMENT 7/14/2006 0.000 -2,8G0.00 BOUGHT DREYFUS TREASURY CASH 7/14/2006 0.0000 0,00 CMS REF: 1061950174990 7/14/2006 0.00 0,00 SEC ID:996085247 RE0:05 0.00 -2.800.00 Total MAR IN RELEA E -EUY (2) Total Principal: -24,718.02 Total Commission: 0.00 Total Inc..: 0.00 Total Net: -24,718.02 F REI MR LDER RELEA E- D FEDERAL HOME LN SKS CONS BD DID 07/14/2003 3.20%01/14/2009 7/14/2006 0.000 0.00 REC MT ON 175000.000 UNITS PAY 07/14/06 RATE 0.016 7/14/2006 0.0000 0.00 CMS REF: 10619S0007146 7/14/2006 0.00 2.800.00 SEC ID:31339Y6F4 0.00 2.800.00 Total U. . D LLAR(U D) (8) Total Principal: 69,805.68 Total Commission: 0.00 Total Income: 69,605.63 Total Net: 0.00 7/17/2006 U. . D LIAR(U DI RE FIVE V PAY -EUY 1012412006 2:51:14PM pDT 15 Workbench Mellon Custody Transaction History Report ID CUA356 Base Cnrtency: USD 2116('012162/,u1lr rl 7/3 /2006 - 9/29/2006 000 D070 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income F% Fee Net Local Amount CSFOIB CAI I REM RP.PURCINSF: AGREI!AI FBI 1)1 D 07/17/2006 05125w," 7/17/2006 12,300,000 UOU 12,300,000.00 TRADING BROKER:CREDIT SITME, NEW YORK ICSFBUS33XXXI 0(M0355 7/t7/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33XXX)00000355 7/17/2006 0.00 0.00 CMS REF: 1061980082673 0.00 -12,300,000.00 SEC ID:99456= REG:REPO DELIVER PAY-MT BANKAMERICA CORP DISCOUNT NT DUE 07/17/2006 INCOME AT MAT 7/17/2G06 -2,100,000.000 2,074,777.25 PROCEEDS RECEIVED AS A RESULT OF A MATUR17Y FOR CASH AMOUNT 7/17/2006 100.0000 0.00 2,100,000.000 7/17/2006 0.00 25.222.75 TRADING BROKER:NON-BROKER TRADE,BOSTON OD009999 0.00 2,IG0,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON OW09999 CMS REP: 1061959000148 SECID:0660PIGH8 REG:DTC DELIVER V PAY-PD FEDERAL HOME LN MTG CORP MUL71CLASS MTG PARTN CTFS OTD G/1/2006 -0.700 0.70 RECD FRIN AMORT FOR MAY RECD INT FOR MAY 7/17/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/17/2006 0.00 2,447.10 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 2,447.80 REVERSAL INDICATOR R CMS REF: 1061940100665 SECID:3133TCE95 REG:FRB FEDERAL HOME LN MTG CORP PARM CTFS POOL 78-6064VAR RATE 1/1/2028 6/1/2006 -1529.370 1,529.37 RECD PRIN ANGST FOR MAY RECD INT FOR MAY ON 35,974.02 UNITS 7/17/2006 IG0.000G 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/17/2006 0.00 179.53 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 1.708.90 CMS REP: ID61590IY71321 SEC I):31348SW73 REG:FRB FEDERAL HOME LN MTO CORP MUL71CLASS MTG PARM CTFS OTD SER 2756 CL 7/3/2006 -2,436.170 2,436.17 MA 7/17/2GG6 100.0000 0.00 RECD PRIN ANGST FOR JUNE RECD INT FOR JUNE ON 61,806.62 UNITS 7/17/2006 0.00 257.53 TRADING BROKER NON-BROKERTRADE, BOSTON 00009999 0.00 2,693.70 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: IG61920073927 SEC m:31394PX24 REG:FRB FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GM SER 2832 CL 7/3/2006 -3,359.630 3,359.63 PA 7/17/2006 100.0000 0.00 RECD PRIN AMORf FOR JUNE RECD I Nr FOR JUNE ON 55,592.79 UNITS 7/17/2006 0.00 208.47 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 3,568.10 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 CMS REF: 1061920073823 SEC m:31395C7B1 REG: FRB n224124f)6 191.14PM, oDT i � Workbmr /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 '21621, 7 7/3 /2 006 - 9/29/2006 000 0000 Trade/ Ex Date- Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL HOME 1.14 MIII CORPNIULIICI.ASS M111 PART N C'1'FS GrD SF:R 2twl Cl. 7/3/2006 -19,528.930 19,528.93 LN 7/17/2006 IOUG000 0.00 RECDPRRN AMORTFORJUNE RECD In FORJUNEON 888,945.52 UNITS 7/17/2006 0.00 3,148.35 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 0.00 22,677.28 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: ID61920073827 SEC ID:31395JZ90 RED:FRB FEDERAL HOME LN MIO CORP MULTICLASS MTO PARTN CTFS GTD 7/3/2006 -2156.310 2,156.31 RECD MIN AMORT FORJUNE RECD In FORJUNE ON 84,882.51 UNITS 7/17/2006 /00.00DO 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/17/2006 ODD 282.94 CLEARING BROKER NON BROKER TRADE,BOSTONOOD09999 0.00 2,439.25 CMS REF: 1061920073B35 SEC ID:31395MV REG: FRB FEDERAL HOME LN MTV CORP MULTICLASS MTV PARFN CTFS GTD SER 2977 CL 7/3/2006 .1269.630 1,269.63 i Pi 7/17/2006 m.0000 0.00 RECD MIN AMORT FOR JUNE RECD in FOR JUNE ON 88,276.31 UNITS 7/17/2006 0.00 331G4 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009M 0.00 1,600.67 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999' CMS REF: 1061920073832 SEC 03:31395Ur6B REG: FRB GOVTNATL MTV ASSN GTD PASS THROUGH POOL 42138961/2%4/15/2026 7//3/2006 16.640 16.64 RECD MIN AMORT FORJUNE RECD INr FORJUNEON 5,312.41 UNITS 7/17/2006 160.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/17/2006 0.00 28.78 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 45.42 CMS REF: 106 1920 0739 18 SEC ID:36206UC23 REG: FRB GOVERNMENT NATL MTV ASSN GTD REMIC PASS THRU SECS REMIC TR 2000-9 CL 7/17/2006 4,661.780 4,661.78 RECD PRIN AMORT FORJULY RECD INT FORJULY ON 323.797.70 UNITS 7/17/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 7/17/2006 0.00 1,540.23 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,202.01 CMS REF: 1061980003728 SECID:3837H4NK9 REG:FRB Total DELIVER V PAY-PD(9) Total Principal: 34,959.16 Total Commission: 0.00 Total Income: 8,423.97 Total Net: 43,383.13 DELVER V PAY - ELL 1012412006 2:51:14PM PDT 17 ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2' 6 '72162/,'"!7"" 7/3 /2006 - 9/2 9 /2006 00D OODD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount CRI'I)FSUISS17 FIRS Ik0S'MNIN'11,11 I) REPURCHASE AGREENIENI' ❑t'U 7/17/2006 10304000.u00 10,t00,000.00 07/14/2006 7/17/2006 100 000U 0.00 CLOSE FOR IM195OMW55 7/17/2006 0.00 4,428.50 TRADING BROKER:CREDIT SUISSE,NE W YORK jCSFBUS33XXXI 000DO355 0.00 10,204,428.50 CLEARING BROKER CREDUSUISSE,NEW YORK ICSFBUS33XXXI 000OD355 CMS REF: 106 1980 0002 26 SEC ID:99456W97 REG:REPO MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/17/2006 0.000 -4,428.50 BOUGHT DREYFUS TREASURY CASH 7/17/2006 0.0000 0.00 CMS REF: 1061980240454 7/17/2006 0.00 0.00 SEC m:996095247 REG:05 0.00 4,428.50 DREYFUS TREASURY CASH MANAGEMENT 7/17/2006 0.000 -452,602.47 BOUGHT DREYFUS TREASURY CASH 7/17/2006 0.0000 0.00 CMS REF: 10619802404SS 7/17/2006 0.00 0.00 SECID:996085247 REO:OS 0.00 -452,602.47 Total MAR IN RELEA B -BDF t2l Total Principal: -467,030.97 Total Commission: 0.00 Total Income: 0.00 Total Net: .457,030.97 F REI N N LDER RELEA E - D FEDERAL HOME LN MTO CORD MEDIUM TERM NT FED BOOK ENTRY DID 7/17/2006 0.000 0.00 REC INTON 1066000.000 UNITS PAY 07/17/06 RATE 0.015 7/17/2006 0.00G0 0.00 CMS REF: 10619801343807 7/1712006 0.00 16,309.80 SEC ID:3128XIRX7 0.00 16,309.80 FEDERAL HOME LN M7G CORP FREDDIE NTS DTC BOOK ENTRY TRANCHE M TR 7/17/2006 0.000 0.00 REC INTON 1250DO.000 UNITS PAY07/17/06 RATE 0.003 7/17/2006 0.0000 0.G0 CMS REP: 1061980043812 7/17/2006 0.00 416.67 SEC ID:3133F10X9 0.00 416.67 FEDERAL HOME LN BKS CONS BD STEP CPN 2 1/216 TO 07/04 THEREAFTER 7/17/2006 0.000 0.00 RECD INT ON 1610D000.000 UNITS PAY 07/17106 RATE 0.0200 7/17/2006 0.0000 0.00 CMS REF: 1061980167544 7/17/2OG6 0.00 322,000.00 SEC ID:31339XRF3 0.00 322,000.00 FEDERAL HOME LN MTO CORP MULTICLASS MTG PARTN CTFS GTD 7/3/2006 0,000 0.00 INTEREST ON 100000.00 PAYABLE 071506 7/17/2006 0.0000 0.00 CMS HER: 1061920010578 7/17/2006 0.00 333.33 0.00 333.33 SEC ID:31394LYF6 hn724/2M6 F1'14PAL 11 1 i- I f. I 1 t 1 ( I 't I 1 I L Wotkbanjh Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2 006 - 9/29/2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL HOME LN MTO CORP MULTICLASS MTG PARTN CTFS GTD SER 2733 Cl. 7/3/2006 0.000 0.00 PA 7/17/2006 0.0000 0.00 INTEREST ON 5000D0.00 PAYABLE 071506 7/17/2006 0.00 1.666.67 CMS REF: 1061920010577 0.00 1,666.67 SEC ID:31394NUE6 FEDERALHOME LN MTG CORP MULTICLASS MTO PARTN CTFS GTD SER 3008CL 7//3/2006 0.000 0.00 JK 7/17/2006 0.0000 0.00 INTEREST ON 50BODD.00 PAYABLE 071506 7/17/2006 0.00 1,875.00 CMS REF: IM1920010576 0.00 1,875.00 SEC ID:3139511VOA9 GOVERNMENT NATL MTG ASSN GTD REMIC PASS THRU TR 200J-97 CL DU 4% 7/3/2006 0.000 0.00 INTEREST ON I00000D.00 PAYABLE W1606 7/17/2G06 0.0000 0.00 CMS REF: 1061950006587 7/17/2006 0.00 3,333.33 SEC ID:38374EYK7 0.00 3,333.33 MORGAN STANL EY NT DTD 01/13/2004 3 7/8%01/15/2009 7/17/2006 0.000 0.00 REC INT ON 1500000.000 UNITS PAY 07/17/06 RATE 0.019 7/17/2006 0,0000 0.00 CMS REF: 1061980043917 7/17/2006 0.00 29.062.50 SEC ID:61746BALO 0.00 29,062.50 US TREASURY INFLATION INDEXED NOTES 2%1/15/2014 7/17/2006 0.000 0.00 INTEREST ON IMOD0.00 PAYABLE M1506 7/17/2006 0.0000 0.00 CMS REF: 10619ROW7921 7/17/2006 0.00 1,092.96 SEC H):912828BW9 0.00 1,092.96 US TREASURY INFLATION INDEXED NOTES 2%7/15/2014 7/17/2006 0.000 0.00 INTERESTON 3100000.00 PAYABLE 071506 7/17/2006 0.0000 0.00 REVERSAL INDICATOR Y 7/17/2006 0.00 33,129.08 CMS REF: 1061980007914 0.00 33,129.08 SEC H):912828CP3 Total F RE[ N H LDER RELEA E- D 1 Q Total Principal: 0.00 Total Commission: 0.00 Total Income: 409,219.34 Total Net: 409,219.34 Total U. . D LLAR 111 DI (24) Total Principal: -447,294.56 Total Commlaeion: OGG Total Income: 447,294.56 Total Net: 0.00 7/18/2006 U. . D LLAR(U DI RE EIVE V PAY -BUY 1012412006 2:51:14PM PDT 19 Workbench ©/ Mellon Custody Transaction History Report ID: CUA356 Dse USD 2 6 2162/, 7 7/3 /2006 - 9/29 /2006 000 DODO Trade/ Ex Date Units Princlpal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense .Income FXFee Net LocalAmoiibt. COMMITMENT70 PURCAHSE FNMA SINGLE FAMILYMORD7AGE 5%07/01/202I 5/16/2006 1000,000.000 -3,867,500.00 TRADING BROKER CREDIT SUISSE, NEW YOM(CSFBUS33000)000D0355 7/18/2006 96.6875 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBU533XXXI 00000355 7/18/2006 0.00 0.00 CMS REF: 106 1360 0769 33 CLIENT REF.650002D30025706 am -3,867,500.00 SEC ID:OIFO50a78 REG:PAIR CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/18/200605.1700% 7/18/2006 12,300,000.000 .12,300,000.00 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS33XXXI00000355 7/I8/2OD6 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK 1CSFBUS33XXXI 000OD355 7/18/2006 0.00 0.00 CMS REF: 1061990084977 0.00 -12,300.000.00 SEC 0:994562'/80 REG:REPO Total RE H V PAY -BUY Ill Total Principal: -16,167,600.00 l'otal Camminitim OAO Total Income: 0.00 Total Net: -I6,167,500.110 RE RIVE V PAY -PD FEDERAL HOME LN MR)CORP MULi7CUSS MTG PARTN CTFS GM 6/1/2006 0.700 -0.70 RVSD PRIM AMORT FOR MAY RVSD INr FOR MAY 7/17/2GO6 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/18/2006 0.00 -2,447.10 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 Goo -2.447.80 REVERSAL INDICATOR O CMS REF: 106199DO97075 SEC 1D:3133TCE95 REG:FRB DELIVER V PAV-PD FEDERAL HOME LN MTG CORP MULTICLASS MTO PARTN CTFS GTD 6/l/2006 -9.520.300 9.520,30 RECD PLAIN AMORT FOR MAY RECD INT FOR MAY 7/17/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 7/18/2006 0.00 2,447.10 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 11,967.40 CMS REF: IM1990097076 SEC ID:31MTCE9S REG:FRB DELIVER V PAY- ML COMMITMENTTO PURCAHSE FNMA SINGLE FAMILY MORTGAGE S%07/01/2Ml 7/12/2006 .4,000.000.000 3,848,437.50 06 0210DO021 NET LOSS 192.50 FBCMBS Aeet 140D91 M7-Rd PI 7/18/2006 96.2109 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBU933)XK100DO03SS 7/18/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 0.00 3.840.437.50 CMS REF: 1061930115056 CLIENT REF:670W2030026304 SEC ID:01M50478 REG:PAIR 1"?4/2r4 J.c1.14PAi nT 1 1 1 1 1 1 i 1 1 1 1 1 I WaAae 1 /Q Mellon Custody Transaction History Report Ilk CUA356 Base Currency: USD 2 6 i 2162/, 7 7/3 /2006 - 9/29 /2006 000 0001) Trade/ Ex Date Units "P ' '; 'al: Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Miss. Expense Income FX Fee Net Local Amount CS F01i CAT l PLO) REPURCHASE AGREEMENT O'IU 07/17/2006 05.25110'16 7/18/2006 -19,100,6U11.ow 12,300,000 00 CLOSE FOR 1061980082673 7/18/2006 100.0000 0,00 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS33XXK)00000355 7/18/2006 0.00 1,793.75 CLEARING BROKER:CREDIT SUISSE,NEW YORK IC9FBUS33XXX)00000355 0.00 12,301,793.75 CMS REF: 1061990000111 SEC ID:99456X777 RED:REPO Total DELTVER V PAY- ELL(2) Total Principal: 16,148,437.50 Total Commission: 0.00 Total Income: 1,793.75 Total Net: 16,150,231.25 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/18/2006 0.000 -5.266.25 BOUGHT DREYFUS TREASURY CASH 7/18/2006 0.0000 0.00 CMS REF: 1061990151872 7/18/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -5,266.25 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 7/18/2006 0.000 1.178.20 SOLD DREYFUS TREASURY CASH 7/18/2006 0.0(l00 0.00 CMS REF: 1061990151873 7/18/2006 0.00 0.00 SECID:996085247 RE0:05 0.00 1,178.20 F REI NH LDER RELEA E. D COUNTRYWIDE BK ALEXANDRIA VA CTF DEP DTD 03/1512006 VAR RATE 7/18/2006 0.000 0.00 RECD INT ON 800000.000 UNITS PAY 07/18/06 RATE O.OD43 7/18/2006 0.0000 0.00 CMS REF: 10619900BM32 7/18/2006 0.00 3,472.50 SEC ID:2223MU0 0.00 3.472.50 TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK ENTRY TRANCHE M TR 00413 7/1812006 2006 0.000 0.00 0.00 DTO RECD INTON 2000000.000 UNITS PAY 07/18/06 RATE GOD41 7/18/2006 0.00 8,364.70 CMS REF: 1061990122991 0.00 8,364.70 SEC ID:892331TE6 Total F REI N H LDER RELEA E- D (2) Total Principal: 0.00 Total Commission: 0.00 Total Income: 11,837.20 Total Not: 11,837.20 Total U. . D LLAR IU D) I Q Total Principal: -13,630.95 Total Commission: 0.00 Total Income: 13,630.95 Total Net: 0.00 10/24/2006 2:51:14PM PDT 21 Workbench Mellon Custody Transaction History Report D2: CUA356 Bece Currency: USD 21'61111112 16 2/,IIn7-1 7/3 /2006 - 9 /2 9 /2006 000 OOJO Trade/ Ex Date Units 1 k, Settle/ Pay Date Trade Price CommiBSioti Description Actual Settlement Date Misc. Expense Income. FX Fee _Net L_o_cal Amount. 7/19/2006 U. . D LLAR(U D( RE FIVE V PAY -BUY UNITED STATES TREASURY NT DTD 11/30/2004 2 7/8%11/30/2006 6/13/2006 10,500,000.000 .10,416,517.23 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBU833)XX(OOWG355 7/19/2006 99.2049 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/19/2006 0.00 -40,414.96 CMS REF: 106 1640 1268 00 CLIENT REF.660OD2030025983 0.00 .10,456,932.19 SEC ID:912828DD9 REG:FRB UNITED STATES TREASURY NT DTD 03/31/200533/4%03/31/2007 6/13/2006 7,500,000.000 -7,427,950.58 TRADING BROKER:GOLDMAN SACHS&CO,NY00000005 7/19/2006 99.0393 0.00 CLEARING BROKER GOLDMAN SACHS&CO, NY OD000D05 7/19/2006 0.00 .84,528.69 CMS REF: 106 1640 1168 44 CLIENT REF.66OW2030025975 0.00 .7,512,479.27 SEC ID:912828DQ0 REG:FRB UNITED STATES TREASURY NOTE DTD 05/31/2005 3 1/2%05/31/2007 6/13/2006 11,000,000.000 -10,853,323.80 TRADING BROKER:GOLDMAN SACHS&CO,NY 000W005 7/19/2006 98.6666 0.00 CLEARING BROKER GOLDMAN SACHS&CO, NY 00D00005 7/19/2006 0.00 -51,543.72 CMS REF: 1061640121504 CLIENT REF.66DD02030025977 0.00 .10,904,867.52 SEC ID:912828DW! REG:FRB UNITED STATES TREASURY NOTE DTD 05/31/2006 3 1/2%05/31/2007 6/16/2006 8,500,000.000 .8,379,157.03 TRADING BROKER:UBS SECURITIES LLC,STAMFORD 00000642 7/19/2006 98.5783 0.00 CLEARING BROKER UBS SECURITIES LLC,STAMFORD 00000642 7/19/2006 0.00 -39,829.23 CMS REF: 106 1670 0939 13 CLIENT REF.660002030026022 0.00 -8,418,986.26 SEC ID:912828DW! RED:FRB U S TREASURY NOTES DTD 06/30/2005 3 5/8%06/30/2007 6/13/2006 16,600,000.000 .16.377,770.32 TRADING BROKER:UBS SECURITIES LLC,STAMFORD 00000642 7/19/2006 98.6613 0.00 CLEARING BROKER UBS SECURITIES LLC, STAMFORD 000W642 7/19/2006 0.00 .31,068.62 CMS REF: 106 1640 12 18 57 CLIENT REF:660002030025979 0.00 .16,408,838.94 SEC ID:912828DY3 RED: FRB UNITED STATES TREASURY NOTES DTD II/15/20054.500% 11/1512010 6/13/2006 13,000,000.000 .12,794,886.78 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)WQ 00000355 7/19/2006 98.4222 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)g 00000355 7/19/2006 0.00 -103,328.81 CMS REF: 1061640126795 CLIENT REF:660002030025985 0.00 42,898,215.59 SEC ID:9I2828EMB REO:FRB UNITED STATES TREASURY NOTES DTD 11/15/200S 4.500% 11/15/2010 6/14/2006 23,100,000.000 -22,639,875.95 TRADING BROKER:LEHMAN GOVT SECS INC,NY 00000636 7/19/2006 98.0081 0.00 CLEARING BROKER LEHMAN OOVT SECS INC,NY ODD00636 7/19/2006 0.00 ,183,607.34 CMS REF: 1061650130091 CLIENT REF.660002030025993 0.00 -22,823,483.29 SEC83:91282SEM8 REO:FRB Workbench ^•94/2r' I'" 14PM1 °T 1 - t - l i 1 I 1 1 1 1 I I 1 1 I Q Mellon Custody Transaction History Report ID: CUA356 nnsc Currency: USD 2' 6 I:i2162/, 7 7/3 /2 006 - 9 /2 9 /2 006 DOD 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount UNIMD STASES TREASURY NOTES U'TU 03/31/2006 DUE 03/31/2008 b/13/2006 u100,000.000 -11;J 12,919.95 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 7/1912006 99.4194 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/19/2006 0.00 -208,504.10 CMS REF: 1061640126796 CLIENT REF:66OW2030025984 0.00 -15.121.417.55 SEC ID:912828M REG:FRB CS FOB CAT I REPO REPURCHASE AGREEM ENT DTD 07/19/200605.1200% 7/19/2006 12,300,000.000 .12,300,ODO.00 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33)UXXQ 00DO0355 7/19/2006 100.00GO 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFSUS33XXX100000355 7/19/2006 0.00 0.00 CMS REF: 10620DOOBD996 0.00 -12,300.000.00 SEC ID:99457B907 REG:REPO Total BE EIVB V PAY -BUY i9) Total Principal: -116,102,395.14 Total Commission: 0.00 Total Inc..: -742,825.47 Total Eat -116,845,220.61 DELIVER V PAT- ELL FEDERAL NAIL MTO ASSN DISCOUNT NTS MATURES AUGUST 1,2006 INCOME AT 7/19/2006 -1.800,000.000 1,791,776.00 MAT 7/19/2006 99.5431 0.00 TRAIN NO BROKE R:MORGAN STANLEY A CO INC,NY 0000D050 7/19/2OG6 0.00 4,896.00 CLEARING BROKER MORGAN STANLEY A CO INC, NY 00000050 0.00 1,796,672.GO CMS REF: 1062000041214 CLIENT REF:6 7000 2030 02632 7 SEC ID:313589A37 REG: FRB UNITED STATES TREASURY NY DTD 11/30/2004 2 7/8%11/30/2006 7/18/2006 -10,500,000.000 10,411,406.25 TRADING BROKER:CREDIT BUISSE, NEW YOM(CSFBUS33XXX)000D0355 7/19/2906 99.1563 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 7/19/2006 0.00 40,414.96 CMS REF: 106 1990 1048 03 CLIENT RER 670002030026319 0.00 10,451,821.21 SECID:912828DD9 REO:FRS UNITED STATES TREASURY NT DTD 03/31/2005 3 3/4%03/31/2007 7/18/2006 -7,5GO,000.000 7,420,312.50 TRADING BROKER:Las SECURITIES LLC,STAMFORD 00000642 7/19/2006 98.9375 0.00 CLEARING BROKER UBS SECURITIES LLC,STAMFORD 00DO0642 7/19/2006 0.00 84,528.69 CMS REF: 106 1990 1114 44 CLIENT REP 670DO2030026321 0.00 7,504,841.19 BECID:912828DQO REG:FRB UNITED STATES TREASURY NOTE DID 05/31/2005 3 1/2%05/31/2007 7/18/2006 -24,000,000.000 23,640,000.00 TRADING BROKER:USE SECURITIES LLC,STAMFORD 00000642 7/19/2006 98.5000 ODD CLEARIO BROKER UBS SECURITIES LLC,STAM FORD 00000642 7/19/2006 0.00 112,459.02 CMS REF: 1061MI 11521 CLIENT RER 67DO02030026323 0.00 23,752,459.02 SECID:912828DW7 REO:FRB US TREASURY NOTES DTD D6/30/2005 3 5/8%06/30/2007 6/15/2006 -12,000,000.000 11,819,080.56 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/19/2006 98.4923 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)OW00355 7/19/2006 0.00 22,459.24 CMS REF: 106 1660 1355 11 CLIENT REF:660002D30026015 0.00 11,841,539.80 SEC ID:912828DY3 REG: pas 1012412006 2:51:14PM PDT 23 Workbench /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 '2162/, J '7 7/3 /2006 - 9 /29 /2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Descrtptian Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount UNI'I1,DS'IAIFSTR!:ASURYNUTIS DI D I I/IS(20094.SgY'b 11/1 /2110 7, 18;2000 19,300,00000I1 4N,17533 155 T2%DING BROKER:UHS SECURm ES LW,SIAMFORD 00000642 7/19/2006 977188 000 CLEARING BROKER UBS SECURITIES LLC, SEAM FORD 00000642 7/19/2006 0.00 391,854.62 CMS REF: 1061MI11560 CLIENT HER.670002030026325 0.00 48,567,198.37 SEC ID:912828EM8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEM ENT DTD 07/18/200605.1700% 7/19/2006 -12,300,G00.000 12,300,000.00 CLOSE FOR 1051%00849W 7/19/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/19/2006 0.00 1,766.42 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33XXXl 00000355 0.00 12,301,766.42 CMS REF: 1062 (X)0244 SEC m:994562780 REG:REPO Total DELIVER V PAY- ELL(7) Total Principal: 115,557,919.06 Total Commiminn: 0.00 Total Incense: 658,378.95 Total Bet 116,216,296.01 TSAR IN RELEIt E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/19/2006 0.000 -1,766.42 BOUGHT DREYFUS TREASURY CASH 7/19/2006 0.0000 0.00 CMS REF: IM2000151718 7/19/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1.766.42 ELL . ELL DREYFUS TREASURY CASH MANAGEMENT 7/19/2006 0.000 630,605.32 SOLD DREYFUS TREASURY CASH 7/19/2006 0.0000 0.00 CMS REF: 1052000151722 7/19/2006 0.00 0.00 SEC1D:996085247 REG:D5 0.00 630,605.32 F REl B R LDER RELEA B. D US TREASURY INFLATION INDEXED NOTES 2%7/15/2014 7/19/2006 0.000 0.00 INTEREST DUE ON PAY DATE 0715D 6 7/17/2006 0.0000 0.00 CMS REF: 1062000111703 7/19/2006 0.00 33,212.78 SEC ID:912828CP3 0.00 33,212.78 F IREL B R LDER RE1EA E- D US TREASURY INFLATION INDEXED NOTES 2%7/15/2014 7/17/2006 0.000 0.00 RVSD HORST ON PYDT 1060717 INTEREST ON 3100000.00 PAYABLE W 1506 7/17/2006 0.0000 0.00 CMS REF: IM20DO 111702 7/19/2006 0.00 -33,129.08 SEC ID:912828CP3 0.00 .33,129.08 '._.a4/2q^- q .. 14PAi IDT � � � � 9 � � � � � � � I ...-fir' i i i i i I I I I i 1 Mellon Custody Transaction History ReportM: CUA356 Base Currency: USD 26 2162/, 7 7/3 /2 006 - 9 /2 9/2 006 0000000 Trade/ Ex Date Units - Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Tote D. . D LLAR 111 DI I2Q Total Principal: 94,362.82 Total Commisalon: 0.00 Total Income: 84,362.82 Total Net: 0.00 7/20/2OD6 U. . D LLAR(U DI RE EIVE V PAY -BUY UNITED STATES TREASURYNOTES DTD i 1/15/200545W% 11/15/2010 7/19/2006 1,900,000.000 -1,861,406.25 TRADING BROKER CREDIT SUISSE,NEW YOM ICSFBUSMXXXI 000JJ355 7/20/2006 97.9688 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXX100000355 7/20/2006 0.00 -15,334.24 CMS REF: 1062000107879 CLIENT REF:670002030026328 0.00 -1,876,740.49 SEC m:91MMEM8 REG:FRB CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 07/20/2006 05.1700% 7/20/2006 12,300,000.000 -12.300.000.00 TRADING BROKER CREDIT SUISSE,NEW YORK ICSFEUS33XXXI 00000355 7/20/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(C3FBUS33)(XXI 00000355 7/20/2006 0.00 0.00 CMS REF: ID62010085562 0.00 -12,300,000.00 SEC R):99457D952 REG: REPO Tote RE EIVE V PAY-BUY 121 Total Prinelpe: -14,161,406.25 Total Commission: 0.00 Total Income: -15,334.24 Total Net: -14,176,740.49 DELIVERV PAY-PD DOW NAIL MTG ASSN 11 PASS THROUGH POOL 80023 VAR RATE 12/20/2026 7 3/2006 -2.682.280 2,682.28 RECD PR84 MOW FOR JUNE RECD INI FOR JUNE ON 99,208.28 UNITS 7/ 0/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/20/2006 0.00 424.04 CLEARING BROKER NON-BROKERTRADE,BOSTON00009999 0.00 3,106.32 CMS REF: 1061940001280 SEC ID:36225CAM REG:FRB DOW NATL MTG ASSNH PASS THROUGH POOL 080088 VAR RATE 6/20/2027 7/3/2006 -2,335.860 2,335.86 RECD PRIN AMORr FOR JUNE RECD TNT FORJUNE ON 124,381.09 UNITS 7/20/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/20/2006 0.00 453.47 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,789.33 CMS REF: 1061920073935 SEC m:362250C20 REG: FRB 10/24/2006 2:5IA4PM PDT 25 Workbesselt 1© Mellon Custody Transaction History Report ID: CUA356 Ouse Currency: USD 2 6 "'2162/, 7 7/3 /2 006 - 9/2 9 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Miss. Expense Income FX Fee Net Local Amount GOVT NAIL MTG ASSN II PASS THROUGH POOL 80395 VAR RATE 4/20/2030 7/3/200b -1,381.550 +.,38L55 RECD MIN AMORT FOR JUNE RECD IFN FOR JUNE ON 102,776.34 UNITS 7/20/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/20/2006 0.00 374.71 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 Goo 4,756.26 CMS REF: 1061920073936 SEC ID:36225CNM4 REG: FRB DOW NATL MTG ASSN II PASS THROUGH POOL 080408 VAR RATE 5/20/2030 7/3/2006 -20,267a00 20,267.80 RECD MIN AMORT FOR JUNE RECD INP FOR JUNE ON 867,188.73 UNITS 7/20/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000M99 7/20/2006 0.00 3,161.63 CLEARING BROKER: NON-BROKERTRADE,BOSTON 00009999 0.00 23,429.43 CMS REF: 1061920073939 SEC ID:36225CN28 REG: FRB GOUT NAIL MTG ASSN 11 PASS THROUGH POOL SM65 VAR RATE.7/20/2034 7/3/2006 -33,161.100 33.161.10 RECD MIN AMORT FORJUNE RECD ENT FORJUNE ON 834,683.91 UNITS 7/20/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/20/2006 0.00 3,130.06 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 ono 36,291.16 CMS REF: 1061920IY73932 SEC ID:36225DCB8 REG:FRB Total DELIVER V PAY-PD(51 Total Principal: 62,828.59 Total Commission: 0.00 Total Income: 7,543.91 Total Net: 70,372.50 DELIV ER V PAY- ELL UNITED STATES TREASURY NOTES DTD 11/15/20054.500% 11/15/2010 7/19/2006 -1,900,000.000 1.862.222.66 TRADING BROUR-CUEGROUPGBLMKTS/SALOMON,NEWYORK 00000274 7/20/2006 98.0117 noo CLEARING BROKER CITIGROUP GBL MKTS/SALOMON,NEW YORK 00000274 7/20/2006 0.00 15,334.24 CMS REF: IM2000116356 CMENT REF:670002030026333 0GO 1,877,556.90 SEC ID:912828EM8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/19/2006 MA200% 7/20/2006 -12.300,000.000 12,300,000.00 CLOSE MR 1062000080996 7/20/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YOM(CSFBUS33)C0.)00000355 7/20/2006 0.00 1,749.33 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXXI D0000355 Ono 12,301,749.33 CMS REF: IM20100DO152 SEC 1D:994578907 REG:REPO Total DELIVER V PAY- ELL(2) Total Principal: 14,162,222.66 Total Commission: 0.00 Total income: 17,083.67 Total Net: 14,179,306.23 MAR IN RELEA E -BUY n, q,, 74/2rn 1.c,.l4P ■ MT h i i i i War)&en�h @ Mellon Custody Transaction History Report CUA356 Base Currency: USD 2. 6' i2162/, �7 713/2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units Principal. Settle/ Pay Date - Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount DREYFUS'I'REASUKY CASE I MAHAGEMEN'1 7/20/2006 0.000 -1,749.33 BOUGHT DREYFUS TREASURY CASH 7/20/2006 0.0000 0.00 CMS REF: 1062010188666 7/20/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,749.33 DREYFUS TREASURY CASH MANAGEMENT 7/20/2006 0.000 .71,188.91 BOUGHT DREYFUS TREASURY CASH 7/20/2006 0.0000 0.00 CMS REF: 1D62010188667 7/20/2006 0.00 0.00 SEC IN:99WB5247 RED:05 0.00 -71,188.91 Total MAR IN RELEA E -BUY (2) Total Principal: -72,938.24 Total CommisAen: 0.00 Total Income: 0.00 Total Net: -72,938.24 Total U. . D LL&R(U D) I I Total Principal: -9,293.24 Total Comminalon: 0.00 Total Income: 9,293.24 Total Net: 0.00 7/21/2006 U. . D LLAa(U D) RE E[VE V PAY -BUY FEDERAL HOME LN SK CONS DISC NTS MATURES OCIUBER20,2006INCOME AT 7/21/2G06 5,500,000000 -5,427,288.47 TRADING BROKER:MORGAN STANLEY&CO INC,NY 00000D5G 7/21/2006 98.6780 0.00 CLEARING BROKER: MORGAN STANLEY&CO INC, NY 00000050 7/21/2006 0.00 0.00 CMS REF: 1062020044893 CLIENT REF:670006030OD9318 0.00 -5,427,288.47 SECID:3133851,38 REG: FRB CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 07/21/2006 05.1500% 7/21/2006 12,200,000.000 -12,200,0G0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33XXK)000DO355 7/21/2006 100.0000 0.00 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XXXI OD000355 7/21/2006 0.00 0.00 CMS REF: 1062020079528 0.00 -12,200,000.00 SEC M:99457G070 REG: REPO Total aE EIVE V PAY -BUY(2) Total Principal: -17,627,288.47 Total Commission: 0.00 Total Income: 0.00 Total Net: -17,627,288.47 DELIVERY PAY-MT 2012412006 2:51:14PM PDT 27 Workbench ©/ Mellon Custody Transaction History Report ID: CUA356 New Currency: UED 2 6 2162/, 7 7/3/2006 - 9 /2 9 /2 006 0000000 Trade/ Ex Date Units Principal t ti a 34�ir s a eg Settle/ Pay Date Trade Price Commission De3crlptioB "'"t 'T�'� '*'mil L a Actual Settlement Date Misc.Expense Income ::FX Fee Net Local;Amount FEDERALHOME LN BK CONS DISCNTS MATURESJULY21,20D6 INCOME a1 AI:CI' 7/21/2006 -5,400.000.000 5,277,696.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 7/21/2006 100B000 0.00 5,4W,000.000 7/21/2006 0,00 122,304.G0 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 5,400,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON OMM999 CMS REF: 1062019000261 SEC ID:313385ZQ2 REG: FRB DELIVER V PAY- ELL CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 07/20/2006 05.1700% 7/21/2006 -12,300,000.000 12,300,000.00 CLOSE FOR 1062010085562 7/21/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBUS33XX)I 00000355 7/21/2006 0.00 1.766.42 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXXI 00000355 0.00 12,301,766.42 CMS REF: IM2020000167 SEC ID:99457D952 REG: REPO MAR IN B '. t E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/21/2006 0.000 -74,477.95 BOUGHT DREYFUS TREASURY CASH 7/21/2006 0.0000 0.00 CMS REF: 1062020187022 7/21/2006 0.00 0.00 SEC ID:99WO5247 REG:05 0.00 -74,477.95 Total U. . D LIAR(U D) (5) Total Principal: ,124,070.42 Total Confmbsion: 0.00 Total Income: 124,070.42 retell Net: 0.00 7/24/2006 U. . D LLAR(U O) RE EW E V PAY -BUY CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 07/24/2006 05.1700% 7/24/2006 12,300,000.000 -12.300,000.00 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33XXX)00000355 7/24/2006 100.G000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)I 00000355 7/24/2006 0.00 0.00 CMS REF: 1062050(M382 0.00 -12,300,000.00 SEC ID:99457,1256 REG: REPO DELWERV PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/21/2OD605.1500% 7/24/2006 .12,200.000.000 12,200,000.00 CLOSE FOR 1062020079528 7/24/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33XXIQ 00000355 7/24/2006 0.00 5,235.83 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 12,205,235.83 CMS REF: 1062050000176 SEC ID:994570070 REG: REPO MAR IN RELEA E -BUY 'gyp Workbench Jv,.,4PMl ^DT i I I f I ©/ Mellon Custody Transaction History Reportm: CUA356 Ben Currency: U81) 21'6. CI12162/, J 7 7/3/2006 - 9 /29/2006 000 DODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Miss. Expense :,.income FX Fee Net Lac cunt DRINFUS IRI'ASURt CASH MANAGGAIEN I 7/24/2006 0,000 -26,187.78 BOUGHT DREYFUS TREASURY CASH 7/24/2006 0.0000 0.00 CMS REF: 106205016M47 7/24/2006 0.00 0.00 SECID:9%085247 REG:05 0.00 -26,187.78 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 7/24/2006 0,000 94.764.17 SOLD DREYFUS TREASURY CASH 7/24/2006 0.0000 0.00 CMS REF: 1062050163346 7/24/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 94,764.17 F REM N H LDEa RELEA E- D LEHMAN BROTHERS HLDGS INC MEDIUM TERM NTS BOOK ENTRY TRANCHE a TR 7/24/2006 0.000 0.00 RECD INTON 2000000.000 UNITS PAY U7124/06 RATE 0.0130 7/24/2006 ov000 Goo CMS REF: 1062050138689 7/24/2006 Don 26,187.78 SEC ID:52517PC58 0.00 26,187.78 Total U. . D LLAR(U D) (5) Total Principal: -31,423.61 Total Commission: 0.00 Total Income: 31,423.61 Total Not: 0.00 7/25/2006 U. . D LWR(U D) RE RIVE V PAY -BUY BANK AMER NA CHARLOTTE NC MEDIUM TERM NIS BOOK ENTRY TRANCHE a TR 7/20/2G06 1,4G0,000.000 -1,400,000.00 TRADING BROKER BANG OF AM ERICA SECS LLC,CHAROTTE 00000773 7/25/2006 100.G000 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE 000D0773 7/25/2006 0.00 0.00 CMS REF: IM20I01174% CLIENT REF:67OW2030026334 0.00 -1,400,000.G0 SEC ID:06050TJS2 REG:DTC CS FOB CAT 1 REPO REPURCHASE AGREEMENT DID 07/25/20D6 05.1700% 7/25/2006 12,300,000.000 -12,300,000.00 TRADING BROKER:CREDIT BUISSE,NEW YORK(CSFBUS33XXK(00000355 7/25/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/25/2D06 0.00 0.00 CMS REF: 1062060094584 0.00 -12,300.000.00 SEC ID:99457K931 REG:REPO Total RE EIVE V PAY -BUY (2) Total Principal: .13,700,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -13,700,000.00 DELIVERY PAY-PD 10124120M 2:51:14PM PDT 29 Workbench Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2['619'L2162/,L l71ll' 7/3 /2006 - 9/29/2006 000 0070 Trade/'Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income a i FX Fee Net Local Amount Fh DERAL NAIL M'I'G A,SN GTD FIN"THItU CTF IN)OL'254631 5'N,2/1/2018 7/3/20U6 -1,524.09() 1,524.09 RECD MIN AMORTFORJUNE RECD INT FORJUNE ON 102,369,26 UNBS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 426.54 CLEARING BROKER:NON-BROKER TRADE,BOSTON 000D9999 0.00 1,950.63 CMS REF: 1061920073756 SECID:31371KY47 REG:FRB FEDERAL NATL MTO ASSN GTD PASS THRU CTF POOL 254760 5%6/1/2018 7/3/2006 -1,603.070 1,603.07 RECD PRIN AMORT FOR JUNE RECD INT FOR JUNE ON 92,546.41 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 385.61 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,988.68 CMS REF: 1061920073759 SEC ID:31371 K5V9 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 254866 5%9/1/20 IS 7//3/2006 -737.590 737.59 RECD MIN AMORT FOR JUNE RECD INN'FOR JUNE ON 41,865.54 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 174A4 CLEARING BROKER NON-BROKER TRADE,BOSTON OW09999 0.00 912.03 CMS REF: 1061920073814 SECID:31371LCB3 REG:FRB FEDERAL NATL MTO ASSN GTD PASS THRU CIF POOL 254907 5% 10/1/2018 7//3/2006 -5 669.470 5,669.47 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 313,117.44 UNITS 7/T5/2006 f00.0006 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 1.304.66 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,974.13 CMS REF: 1061920073811 SECID:31371LDLO REG:FRB FEDERAL NAIL MTD ASSN GTD PASS THRU CTF POOL 2549535% 11/1/2018 7//3/2006 -3915.600 3,915.60 RECD PRIN AMORT FOR JUNE RECD TNT FOR JUNE ON 222,900.55 UNITS 7/25/2006 f00.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 000D9999 7/25/2006 0.00 928.75 CLEARING BROKER NOWBROKER TRADE,BOSTON 000D9999 0.00 4,844.35 CMS REF: 1061920073809 SEC ID:313711E21 REG:FRB FEDERAL NATL MTO ASSN GTD PASS THRU CTF POOL 254987 5%12/1/2018 7//3/2006 -7 871.800 7,871.80 RECD MIN AMORT FOR JUNE RECD INr PORJUNE ON 607,342.36 UN IS 71 5/2006 f00.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 2,530.59 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 10.402.39 CMS REP: 1061920073817 SEC ID:31371LF46 RED:FRB FEDERAL NATL MTO ASSN GTD PASS THRU CIF POOL 367430 5%911/2018 7/3/2006 -1644.180 1,644.18 RECD MIN AMORT FOR JUNE RECD INT FORJUNE ON 76,029.66 UNITS 7/25/2006 f00.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 316.79 CLEARING BROKER NON-BROKER TRADE,BOSTON OODD9999 0.00 1,960.97 CM5 REF:1061920073781 SEC 8):31376KA71 RED: FRB -•14/24"- I" 14PMI 'DT 1 [ 1 1 I f I [ I 1 I I 1 i Workbenlh /© Mellon Custody Transaction History Report ID: CUA356 Baec Currcnc, USD 2 6 21621, 7 7/3 /2006 9/29 /2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount_ FT,DRRALNATLMTGASSNGTDPASSTHRU CIFPUOL5553635%4/1/2018 7/3/2006 -3.448.350 3,448.35 RECD MIN AMORI FOR JUNE RECD INI MR JUNE ON 221,707.59 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000OW99 7/25/20G6 0.00 923.78 CLEARINGBROKER NON-BROKER TRADE,BOSTON 0ODW999 0.00 4,372.13 CMS REF: 1061920073915 SECID:31385W5YI REG:FRB FEDERAL NATL MTG ASSN OTD PASS THRU CIF POOL 555545 5%6/1/20 IS 7/3/2006 -2,764,120 2.764.12 RECD MIN AMORI FOR JUNE RECD INI FOR JUNE ON 184,162.M UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON M09999 7/25/2006 0.00 767.34 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3.531.46 CMS REF: 1061920073912 SECID:31385XES2 RKO:FRB FEDERAL NAIL MTO ASSN OTD PASS THRU CTF POOL 5556215%7/1/2018 7//3/2006 -10,213.660 10,213.66 RECD MEN MOW FOR JUNE RECD INI FOR JUNE ON 622,869.72 UNITS 71 5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 2.595.29 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 12.808.95 CMS REF: 1061920073909 SEC m:31385XG68 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 681309 5%211/2018 7 3/2006 -5.636.380 5,636.38 RECD MIN AMORTFORJUNE RECD IRI FORJUNE ON 356,751.26 UNITS 7/ 5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 1,486.46 CLEARING BROKER NON-BROKERTRADE,BOSTON OODD9999 0.00 7,122.84 CMS REF: 106 1920 0739 24 SEC ID:31391 Y3S4 REG: FRB FEDERAL NATL MTO ASSN OTD PASS THRU CIF POOL 681334 5%2/1/2018 7//3/2006 -469.660 469.66 REC D MIN AMORI FOR JUNE RECD INI FOR JUNE ON 42,950.08 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 0000"" 7/25/2006 0.00 178.96 CLEARING BROKER NON-BROKER TRADE,BOSION00009999 0.00 648.62 CMS REF: ID61920073921 SEC 1D:3139IY4T1 REG:FRB FEDERALNATLMTO ASSN OTD REMIC PASSTHRU CTF REMIC TEE 7/3/2006 -1058.080 1,058.08 RECD MIN MOW FOR JUNE RECD INI FOR JUNE ON 25,019.56 UNIT 7/25/2006 /00.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 88.61 CLEARING BROKER NON-BROKER TRADE,BOSION 00DO9999 0.00 1,146.69 CMS REF: 1061940001278 SEC 10:31393ESPS REG:FRB FEDERAL NAIL WO ASSN OTD REMIC PASSTHRU CTF REMIC TR 7//3/2006 -3,149.880 3.149.88 RECD MIN AMORT FOR JUNE RECD INI FOR JUNE ON 90,450.41 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 263.81 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3.413.69 CMS REF: IM1940001275 SEC ID:313937BC9 REG: FRB Z012412006 2:51:14PM PDT 31 Workbench Mellon Custody Transaction History Report ID: CUA356 Base Correney: USD 2PW1'112162/,I Ill'1'1 7/3 /2006 - 9 /29 /2006 0000000 Trade/ Ex Date - Units Principal Settle/ Pay Date Trade Price Commission Description Actnal Settlement Date Misc. Expense Income FX Fee Net Local.Amount' FEUERALNAILNITGASSN G'I D RIMIC PASSTURU CTFREAIIC TR 7/3/2006 -32.667.350 32,667.35 RECD PROD AMORT FORJUNE RECD INI FOR JUNE ON 898,732.63 UNNg 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON OW09999 7/25/2006 0.00 2,621.30 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 35,288.65 CMS REF: 106 1940 0012 74 SEC ID:31393nE5 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 684798 5 1/2%311/2033 7/3/2006 -8,39I.900 8.391.90 RECD PRIN AMORT FOR JUNE RECD INI FOR JUNE ON 246,186.20 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 1.128.35 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009%9 0.00 9,520.25 CMS REF: 1061920073839 SECID:31400DK31 REO: FRB FEDERAL NATL MTG ASSN GTD PASS T14RU CTF POOL 6849085%6/1/20IS 7/3/2006 -5,744.520 5,744.52 RECD PRIN AMORT FOR JUNE RECD INr FOR JUNE ON 228,621.54 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 952.59 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,697.11 CMS REF: 1061920073842 SEC ID:3140OD3R1 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS TURD CIF POOL 685200 5%3/l/2018 7/3/2006 -2,316.230 2,316.23 RECD PRIN AMORF FOR JUNE RECD INF FOR JUNE ON 126.069.93 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00DO9999 7/25/2006 0.00 525.29 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,841.52 CMS REF: 1061920073845 SEC ID:31400EGH7 REG:FRB FEDERAL NAIL MTG ASSN OTD PASS THRU CIF POOL 686318 5%311/20IS 743/2006 -3 920.230 3,920.23 RECD PRIN AMORT FOR JUNE RECD INr FOR JUNE ON 189,000.36 UNITS 7/25/2006 f00.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON OD009999 7/25/2006 0.00 787.50 CLEARING BROKER:NON-BROKER TRADE,BOSTON OODD9999 0.00 4,707.73 CMS REF: 1061920073851 SEC ID:3140OFFB7 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 6SM39 5%6/l/2018 7/3/2006 -2,215.490 2,215.49 RECD PRIN AMORT FOR JUNE RECD INF FORJUNE ON 71,597.09 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 . CLEARING BROKER: NON-BROKER TRADE,BOSTON 00DO9999 0.00 2,51313.77 IN CMS REF: 10619200173848 SEC m:3140OJEQ9 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 6898595%5/1/20IS 7/3/2006 -407.950 407.95 RECD PRIN AMORT FOR JUNE RECD INI FOR JUNE ON 76,201.13 UNITS 7/ 5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 317.51 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 725.46 CMS REF: 1061920073906 SEC ID:31400KMG8 REG:FRB �..,74/2r' Jam..l4Pl DT � ■ i �� ■ Mellon Custody Transaction History RepurtM: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2006 Trade/ Ex Date - Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount 1jE1)ERALN.ATLTiTG ASSN GTDPA.SS UiRU CTF PD01,6939345%3/l/2018 7/3/2006 -5,408.500 5,408.50 RECD PRIN AMOW FORJUNE RECD INI FORJUNE ON 399,575.98 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER MADE,BOSTON 00DO9999 7/25/2006 0.00 1,664.90 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 ODD 7,073.40 CMS REF: 1061920073902 SECD:3140OPI74 REG:FRB FEDERAL NATL MID ASSN GTO PASS THRU CM POOL 6958525%5/I/MIS 7/3/2006 .1,981.390 1,981.39 RECD PRIN MOW FOR JUNE RECD INT FORJUNE ON 152,144.02 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 633.93 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 2,615.32 CMS REF: 1061920N3899 SEC ID:31400SBVO REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL695889 5%5/1/2018 7//3/2006 -5.723.470 5,723.47 RECD PRIN AMORTFORJUNE RECD INT FORJUNE ON 536,233.17 UNITS 7/25/2006 100.0000 0.00 TRADINGBROKER NON.BROKER TRADE, BOSTON 00009M 7/25/2OG6 0.00 2,234.31 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7,957.70 CMS REF: 1061920073896 SEC D:31400SC23 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 7022105%5/1/2018 7//3/2006 -3,115.310 3,115.31 RECD PRIN MOW FOR JUNE RECD INT FORJUNE ON 147,6M.09UNNS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 615.09 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,730.40 CMS REF: 106IMN3891 SEC ID:31403ADP9 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS TURD CIF POOL 7023285%5/1/2018 7/3/2006 -565.660 565.66 RECD PRIN AMORT FOR JUNE RECD INr FOR JUNE ON 89.839.89 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 374.33 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 939.99 CMS REF: 1061920073888 SEC D:31401 AHD2 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 709148 5%6/1/20 18 743/2006 .2,173.640 2,173.64 RECD PRIN AMORT FOR JUNE RECD INI FOR JUNE ON 1% 34.32 UNITS 7/ 512006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00DO9999 7/25/2006 DOG 795.14 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 2,968.78 CMS REF: IMIW0073985 SEC D:31401 RZM7 REG FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIFPOOL 709360 5%7/1/2018 7/3/2006 -15.255.660 15.255.66 RECD PRIN AMORT FOR JUNE RECD INT FORJUNE ON 387,744.16 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00DO9999 7/25/2006 0.00 1,615.60 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 16,87L26 CMS REF: 1061920073881 SEC D:31401JB56 REG:FRB 1012412006 2:51:14PM PDT 33 Wo ki an Mellon Custody Transaction History R.pertID: CUA366 ea"Currency: DSD 2. 6 :2162/,.' 7 7/3 /2006 - 9 /29/2006 ODD 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description - Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL NA'II.N1IG ASSN G'I'UI'ASS U I RU CI F POOL 7093265%6/1/2018 7/3/2006 -1'1511.110 1,150.14 RECD PRIN AMORT FOR JUNE REED INTFORJUNEON 75,033.80UN11S 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 312.64 CLEARING BROKER NON-BROKER TRADE,BOSTON OODD9999 0.00 1,462.78 CMS REF: 1061920073878 SECID:31401JSP4 REG:FRB FEDERAL NATL MTO ASSN GTD PASS THRU CTF POOL 709917 5%6/l/20 18 7//3/2006 -2.562.180 2,562.18 RECD MIN AMORT FOR JUNE RECD INT FOR JUN E ON 152,362.17 UNITS 7/ 5/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 634.84 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,197.02 CMS REP: 106 1920 0738 75 SEC ID:31401JVJ4 REG:FRB FEDERAL NATL MTG ASSN GTD PASS T14RU CIF POOL 7102355%6/1/2018 7//3/2006 .5,178.970 5,178.97 RECD PROD AMORT FORJUNE RECD INT FORJUNE ON 373,796.38 UNITS 7/T5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 1.557.48 CLEARING BROKER NON.BROKERTRADE,BOSTON 00009999 0.00 6,736.45 CMS REF: 106192ON3872 SEC ID:31401 KBCS REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CM POOL 713365 5%7/1/20 IS 7//3/2006 .858.320 858.32 RECD MIN AMORT FOR JUNE RECD IMF FOR JUNE ON 155,283.37 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 647.01 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,505.33 CMS REF: 1061920073869 SECID:31401KQSI REG:FRB FEDERAL NATL MTO ASSN OT'D PASS THRU CTF POOL 720319 5%7/1/20 18 7//3/2006 -19,228.800 19,228.80 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 485,426.15 UNITS 71 5/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 2,022.61 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 21,251.41 CMS REF: 1061920073866 SEC ID:31401 WO45 REG:FRB FEDERALNAIL MTG ASSN GM PASS THEO CTF POOL 720369 5%6/1/2018 7/3/2006 -40,944.850 40,944.85 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 1,625,306.08 UFSTS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON OD009999 7/25/2006 0.00 6,772.11 CLEARING BROKER NON.BROKER TRADE,BOSTON 000D9999 0.00 47,716.96 CMS REF: 1061920073B63 SEC ID:31401 WJNO REO:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CM POOL 721629 5%7/1/2018 7//3/2006 -1,269.750 1,269.75 RECD MIN AMORT FORJUNE RECD INT FORJUNEON 206,536.61 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON OMM999 7/25/2006 0.00 860.57 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,130.32 CMS REF: 1061920073860 SECB3:3I401XVW4 REG:FRB f...n4/2f' I" '4Ph% "DT r � � � � 1 � � � � � � � � W �■ /© Mellon Custody Transaction History Repart ID: CUA356 Base Currency: USD 2 6 2162/, 7 7 /3 /2 006 - 9/2 9/2 006 000 DODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount F'EDERALNAI'LMTG ASSN GTD PASS T1i RU CIF POOL7234R751/66/1/2018 7/3/2006 -I052,170 1.052.17 RECDPRIN AMORT FOR JUNE RECD INf FORJUNEON 173.898.65UNN5 7/25/2006 I000000 0.00 TRADING BROKER NON BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 724.58 CLEARING BROKER NON-BROKER TRADE,BOSTON GOOD99N 0.00 1,776.75 CMS REF: I061920M3857 SEC ID:31402MQ4 REG:FRB FEDERALNATL MTG ASSN GTD PASS THRU CIF POOL 725530 5%6/1/2019 7/3/2006 -32,317.580 32,317.58 RECD PRIN AMORT FOR JUNE RECD INP FOR JUNE ON 2,365.09570 UNITS 7/25/2006 1000000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2096 0.00 9,854.56 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 42,172.14 CMS REF: I061WO073854 SEC ID:31402DA75 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIFPOOL 72960 15%7/1/2018 7//3/2006 -6,719.560 6,719.56 RECD PRI14 AMORT FOR JUNE RECD INP FOR JUNE ON 279,727.74 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 1.165.53 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7,885.09 CMS REP: 1061920073714 SEC D:31402HRW3 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 732873 5%11/1/2018 763/2006 -119.390 119.39 RECD PRIN AMORT FOR JUNE RECD INP FOR JUNE ON 23,706.09 UNITS 7/ 5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON W009M 7/25/2006 0.00 98.78 CLEARING BROKER NON.BROKER TRADE,BOSTON 00009999 0.00 218'17 CMS REF: 10619MO73711 SECID:31402MFN5 REO:FRB FEDERAL NATL MTG ASSN GTO PASS THRU CIF POOL 7371305%10/1/2018 7//3/2006 .2,485.540 2,485.54 RECD PRIN AMORT FOR JUNE RECD INT FOR JUNE ON 421,055.73 UNITS 7/R5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 1,754.40 CLEARING BROKER NON-BROKER TRADE,80SION 00009999 0.00 4,239.94 CMS REF: 106 1920 0737 08 SEC ID:3140'284P9 REG:FRB FEDERAL NATL MTO ASSN OTD PASS THRU CIF IDOL 7382115% 10/1/2018 7/3/2DO6 -2221.970 2,221.97 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 384.677.35 UNITS 7/R5/2006 /00.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 1,602.82 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,824.79 CMS REF: 106 1920 0737 05 SECID:31402UDQ2 REG:FRB FEDERAL NAIL MTO ASSN GTD PASS THRU CIF POOL 7384875% 10/l/2018 7//3/2006 -3247.120 3247.12 RECD PRIM AMORT FOR JUNE RECD INF FOR JUNE ON 125,145.93 UNITS 7/25/20M i00.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 521.44 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 3,768.56 CMS REF: 1061920073702 SEC 1D:31402UNC2 REG:FRB 1012412006 2:51:14PM PDT 35 Workbench Mellon Custody Transaction History ReportM: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29/2006 000 00DD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount !-IADI R%L N11 ',1T 16h i nie rrfRif (11- :v)ul w 'i (01 )1).8 r/3/2000 1275S 1180 u?56.93 RECD I'R1%'AM0Rr F0NJUNF.RECD INT FORJUNE UN 1.53656095 UNITS 7/25/2006 I001ID00 0.00 TRADING BROKER:NON BROKER TRADE, BOSTON 00009999 7/25/2006 0,00 6.401.92 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 19,160.90 CMS REP: I061920073699 SEC ID:31402 WTNB REG: FRB FEDERAL NAIL MTO ASSN GTD PASS THRU CIF POOL 740471 5% 10/1/2018 7/3/2006 -2,554.090 2,554.09 RECD PRIN AMORT FOR JUNE RECD INT FOR JUNE ON 478,491.33 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON BROKER TRADE, BOS70N 00009999 7/25/2006 0.00 1,993.71 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 4.547.80 CMS REF: 10619 OMM98 SEC I10:31402WP40 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 7407485% 10/1/2018 7/3/2006 -3,521.660 3.521.66 RECD PRIN AMORT FORJUNE REED INT FORJUNE ON 511,707.53 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON BROKER TRADE, BOSTON 00009999 7/25/2006 0,00 2.132.11 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 5,653.77 CMS REF: 1061920073695 SEC ID:31402WSH7 REG:FRB FEDERAL NATL MTG ASSN GTD PASS 7HRU CTF PO0L 743868 5% 11/112018 7/3/2006 -144.640 144.64 NEED PRIN WORT FOR JUNE RECD I NT FOR JUNE ON 25,785.65 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 107.44 CLEARING BROKER: NON-BROKER TRADE,B0ST0N 00009999 0.00 252.08 CMS REF: 1061920073751 SECID:31403BMR1 REG:FRB FEDERAL NAIL MTG AWN GT0 PASS THRU CIF POOL 7440085%7/1/2018 7//3/2006 .4,494.390 4.494.39 RECD PRIN AMORT FOR JUNE RECD INr FOR JUNE ON 739.424.52 UNITS 7/§5/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 3,080.94 CLEARING BROKER NOWBROKERTRADE,BOSTON 00009999 0.00 7,575.33 CMS REF: IM1920073748 SECID:31403BR54 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIFPO0L 744316 5%9/1/2018 7/3/2006 -1.830.150 1,830.15 NEED PRIN AMORT FOR JUNE REED INT FOR JUNE ON 109.452.44UND5 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 456.06 CLEARINGBROKER NON-BROKER TRADE,BOST0N 00DO9999 0.00 2,28&21 CMS REP: 106 1920 0737 45 SECID:31403B3Z4 REO:FRS FEDERAL NATL MTG ASSN OTD PASS THRU CIF POOL 7479145% I1/l/2018 7/3/2006 .1,428.540 1,428.54 REED MIN AMORT FOR JUNE REED INT FOR JUNE ON 224,550.04 UNITS 7/25/2006 1UG.G000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 935.63 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,364.17 CMS REF: 1061920073742 SEC ID:31403F3X0 REG:FRB f in4/2f' J.e,.,4P I �D7 3�i 7 t i Wn.kbe�b Mellon Custody Transaction History Report To: CUA356 Baec Currency: USD 2 6 12162/,� 17 7/3 /2006 - 9 /29 /2006 000 OODD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL NAIL MTG ASSN Gril PASS TI IRU CIF IDOL 748400 5%8/1/2018 7/3/2006 -889A60 889,46 RECD MIN AMORT FORJUNE RECD INI FORJUNE ON 130,561.08 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 544.00 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 1,433.46 CMS REF: 106 1920 0737 40 SEC ID:314MONR9 REG:FRB FEDERAL NATL INTO ASSN GTD PASS THRU CIF POOL 748899 5% 12/1/2018 7/3/2006 .4.345.550 4,345.55 RECD MIN AMORT FOR JUNE RECD INI FOR JUNE ON 681,025.39 UNITS 7/25/2006 I00.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 0000 W 7/25/2006 0.00 2,837.61 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 7,183.16 CMS REF: 1061920073737 SEC ID:3140307LO REG: FRB FEDERAL NAIL MTO ASSN GM PASS THRU CTF POOL 750377 5% 11/1/2018 743/2006 -22,055.850 22,055.85 RECD PRO!AMORT FORJUNE RECD INI FORJUNE ON 1,432,643.99 UNITS 7/ 5/2006 100.0000 0.00 TRADING BROKER NON.BROKER MADE, BOSTON 00009999 7/25/2006 0.00 5,969.35 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 28,025.20 CMS REF: 106 1920 0737 34 SEC ID:31403JUA2 REG:FRB FEDERALNATLMTG ASSN GTD PASS THRU CTF POOL 75=05% 11/l/2018 7//3/2006 -26,153.410 26.153.41 RECD MIN AMORT FORJUNE RECD INT FORJUNEON 1,209,316.51 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 5,038.82 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 31.192.23 CMS REF: 106 1920 0737 32 SECID:31403JUD6 REG:FRB FEDERAL NAIL MTG ASSN OM PASS THRU CTF POOL 7504455% 11/l/2018 7//3/2006 -566.910 566.91 RECD MIN AMORT FOR JUNE RECD INI FOR JUNE ON 113,855.16 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 000D9999 7/25/2006 0.00 474.40 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1.041.31 CMS REF: 1061920073729 SEC M:31403JWE2 REG:FRB FEDERAL NATL MTG ASSN GM PASS THRU CIF POOL 751960 5% 121112013 7//3/2006 -6286.380 6,286.38 RECD MIN AMORT FOR JUNE RECD INP FOR JUNE ON 538,573.37 UNITS 71 5/2006 t00.0000 0.00 TRADING BROKER:NON-BROKER TRADE, 130STON 00009999 7/25/2006 0.00 2.244.06 C LEASING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 8.530.44 CMS REF: 106 1920 0737 26 SEC ID:31403LMH1 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 7534255% 11/112018 743/2006 -12,486.690 12,486.69 RECD MIN AMORT FOR JUNE REDO INr FOR JUNE ON 575,465.40 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON OW09999 7/25/2006 0.00 2,397.77 CLEARING BROKER NON-BROKER TRADE,BOSTON 000W999 0.00 14,884.46 CMS REF: 1061920073723 SEC M:31403KA23 REG: FRB 10/24/2006 2:51:14PM PDT 37 Workbench ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/,1' ''7':^ 7/3/2006 - 9/29 /2O06 0000000 Trade/ Ex Date Units -`Prittcipa_ Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount M DERALNAILNOGASSN GTDP.S4STNRU C16 I'OOL7551655% 12/l/2016 ;/3 ?001i 7,253.490 7.233 ;9 RECD PRIN AMORT FORJUNF RECD INT FOR JUNE ON 426.254.75 UNITS 7/25/2006 100.0000 DUO TRADING BROKER NON BROKER TRADE, BOSTON OOD09999 7/25/2006 0.00 1,776.06 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 9,029.55 CMS REF: 1061920073721 SEC ID:31403Q6A3 REG:FRB FEDERALNATL MTG ASSN GTD PASS T14RU CIF POOL 7563725% 11/l/2018 7/3/2006 -3,989.590 3,989.59 RECD MIN AMORT FORJUNE RECD INT FORJUNE ON 739,775.12 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, 130STON 00009999 7/25/2006 0.00 3.082.40 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 7,071.99 CMS REF: 1061920073717 SEC ID:31403WRB RED:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 78%70 5% 12/1/2019 7//3/2006 -12,506.390 12,506.39 RECD MIN AMORT FOR JUNE RECD INN FOR JUNE ON 721,984.74 UNITS 7/25/2006 100,0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/200G 0.00 3,008.27 CLEARING BROKER NON-BROKERTRADE,BOSTON00009999 0.00 15,514.66 CMS REF: 106IM073765 SEC]D:31405HJN REG: FRB FEDERAL NAIL MTG ASSN GTD PASS T7iRU CIF POOL 792432 5% 10/l/2019 7/3/2006 -4,916.670 4,916.67 RECD MIN AMOIZr FOR JUNE RECD INr FOR JUNE ON 722.188.68 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 3,009.12 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7,925.79 CMS REF: 1061920073778 SEC ID:3I405LLM9 REG: FRB FEDERAL NATL INTO ASSN GTD PASS THRU CIF POOL 7941955% Il/l/2019 7//3/2006 -3,122.430 3,122.43 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 670,430.85 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKERTRADE,BDSTON00009999 7/25/2006 0.00 2.793.46 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 5.915.89 CMS REF: 1061920073775 SEC ID:31405MC19 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 8003705% 12/1/2019 7/3/2006 -4,951.970 4,95L97 RECD MIN AMORT FORJUNE RECD INT FORJUNE ON 314,%1.00 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/25/2006 0.00 1,312.09 CLEARINGBROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,264.06 CMS REF: 1061920073772 SEC ID:31405VFKB REG: FRB FEDERALNATL MTG ASSN OTD PASS THRU CIF POOL8039235% 12/1/2019 7/3/2006 4.413.700 4.413.70 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 1,010,273.90 U1473 7/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2006 0.00 4,209.47 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 8,623.17 CMS REP: 1061920073769 SEC ID:31406AD41 REG:FRB g /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 12162/, 7 7/3 /2 006 - 9 12 9/2 006 000 OODD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERALNATL MTG A55N GTD PASS THRU CTF POOL823358 VAR RATE 2/l/2035 7/3/2006 80,522.880 80.522.88 RECD PRW AMORTFORJUNERECD INT FORJUNEON 2,754,704.03 UNITS 7/25/2006 100.0000 0.00 TRADING BROKER NOWBROKER TRADE,130STON 00009999 7/25/2006 0.00 9.820.51 CLEARINGBROKER NON-BROKER TRADE,BOSTON 00009999 0.00 90,343.39 CMS REF: 1061920073762 SEC ID:31406XWT5 REG:FRB FEDERAL NAIL NTH AWN GTD PASS THRU CTF POOL 879906 VAR RATE 7/3/2006 -7.604.480 7,6G4.48 10/1/2033 7/25/2006 100.0000 0.00 RECD PRIN AMORT FOR JUNE RECD INT FOR JUNE ON 372,215.88 UNITS 7/25/2006 0.00 1,194.50 TRADING BROKER NON-BROKER TRADE,130STON 000099W 0.00 8,798.98 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 1%1920073754 SEC ID:31409VR39 REG: FRB RESIDENUALASSET MID PRODS Me 2003-RSI I MID ASSET BKD PASSTHRU CL 7/25/2006 -18,429.900 18,429.90 RECD PRB4 AMOK FOR JULY RECD INT FOR JULY ON 26,577.74 UNITS 7/25/2006 100.0090 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/25/2OG6 0.00 123.11 CLEARING BROKER NON-BROKERTRADE,BOSTON 000 A1999 0.00 18,553.01 CMS REF:1062060007656 SEC ID:76098SK83 REG:DIC TOW DMMER V PAY-PD(66) Total Principal: 506,177.77 Total Commiaelon: 0.00 Total Income: 120,407.93 Total Net: 626,585.70 DELNER V PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DID 07/24/20D605.1700% 7/25/2006 -12,300,000.000 12,300,000.00 CLOSE FOR IMMS0094382 7/25/2DO6 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33XX)Q 00000355 7/25/2006 0.00 1.766.42 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX))00000355 0.00 12,301,766.42 CMS REF: 106206GODD272 SEC 0:99457J256 REG: REPO MAR IN RE; F E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/25/2006 0.000 -1,794.35 BOUGHT DREYFUS TREASURY CASH 7/25/2006 0.0000 0.00 CMS REF: 1062060221926 7/25/2006 0.00 0.00 0.00 -1,794.35 SEC m:996085247 REG:05 ELL- ELL DREYFUS TREASURY CASH MANAGEMENT 7/25/2006 0.000 748,878.33 SOLD DREYFUS TREASURY CASH 7/25/2006 0.00GO 0.00 CMS REF: 1052060221927 7/25/2006 0.00 0.00 m:996085247 REG:OS 0.00 748,878.33 SEC 10/24/2006 2:51:14PAT PDT 39 Workbench ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USn 2 6 2162/, '7 7/3/2 006 - 9/29/2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Itmal.Amount F REI N If LDBR RF.LF.A E D CONOCOPHILIA N GI D NT LIM 0 t/11/2W 6 VAR RA I F 04/11/1W7 7/11/2006 0.000 0.00 RECD TNT ON 200000.000 UNITS PAY 07/11106 RATE 0 0127 7/11/2006 0.0000 0.00 CMS REF: 1062MO 124416 7/25/2006 0.00 2,542.00 SEC ID:20825CAL8 0.00 2,542.00 CONOCOP141LUPS GTD NT DTD 04/I1/2006 VAR RATE 04/11/2007 7/11/2006 0.0G0 0.00 RECD INTON 500000.000 UNITS PAY 07/11/06 RATE 0.0127 7/11/2006 0.0000 0.00 CMS REF: 1062060124418 7/25/2006 0.00 7,626.00 SEC ID:20825UW 0.00 7,626.00 FEDERAL NATI,MTG ASSN GTD REMIC PASSTHRU CTF REMIC TR 2003.83 TD 7//3/2006 0.000 0.00 INTEREST ON 100000.00 PAYABLE 072506 7/25/2006 0.0000 0.00 CMS REF: 1061940OD2962 7/25/2006 0.00 291.67 SEC ID:31393ESY6 0.00 291.67 SLM CORP MEDIUM TERM TIES BOOK ENTRY TRANCHE I TR 00067 DTD 7/25/2006 0.000 ODU 07/26/20N 7/25/2006 0.0000 0.G0 RECD TNT ON 1800000.000 UNITS PAY 07/25/06 RATE 0.0134 7/25/2006 0.00 24,160.50 CMS REF: 1062060147348 0.00 24,160.50 SEC ID:78442FCIA Total F PM N H LDER RELEA E- D (4) Total Principal: 0.00 Total Commlaeton: 0.00 Total income: 34,620.17 Total Net: 34.620.17 F R&i NET LDER RELEA E. D CONOCOPHILLIPS GM NT DTD 04/I1/2006 VAR RATE 04/1112007 7/11/2006 0.000 0.00 TO REVERSE ENTRY OF 07/11/06 RECD TNT ON 200000.000 UNITS PAY 07/11/06 7/11/2006 0.0000 0.00 RATE 0.0125 7/25/2006 0.00 .2,514.07 CMS REF: 1062060124415 0.00 -2.514.07 SEC ID:20825CALS CONOCOPHRDPS GM NT DTD 04111/200 6 VAR RATE 04/11/20N 7/I I/2006 0.000 0.00 TO REVERSE ENTRY OF 07/11/06 RECD TNT ON 600000.000 UNITS PAY 07/11/06 7/11/2006 0.0000 0.00 RATE 0.0125 7/25/2006 0.00 -7.542.20 CMS REF: 106206012"17 0.00 -7,542.20 SEC 10:20825CAIA Total F RE1 N H LDER RELEA E- D (2) Total Principal: 0.00 Total Commieaion: 0.00 Total Income: .10,056.27 A{ 4J1 Total Net: -30,056.27 '1-14121ac �.cr.r,p 1 �Dr 1 WorkbeI . . 1 1 1 1 1 1 1 1 1 1 i__ I Mellon Custody Transaction History Report ID: CUA356 Rase Currency: USD 26 2162/, 7 7 /3 /2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total U. . D LLAR Ill DI (77) Total Principal: -146,738.25 Total Commission: 0.00 Total Income: 146,739.Y5 Total Net: 0.00 7/26/2006 U. . D LLAR(D D) RB ErVE V PAY -BUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 07/26/200605.1800% 7/26/2006 12400.000.000 -12.400,000.00 TRADING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)00000355 7/26/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUSMXX)0 00000355 7/26/2006 0.00 0.00 CMS REF: 1062070099327 0.00 .12,400,000.00 SEC ID:99457NI90 RED:REPO RB EIVE V PAY -PU FEDERAL HOME LN MID CORP MULTICLASS MTO PARM CTFS GM 6/1/2006 16.850 -16.85 RECD PR IN ET ACCR FOR MAY RECD INT FOR MAY 7/1 7/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 7/26/2006 0.00 I6.85 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 0.00 CMS REF: 1062070053879 SEC ID:3133TCE95 REG:FRB DELIVER V PAY- ELL CS FOR CAT 1 REPO REPURCHASE AGREEMENT DTD M/25/2006 05.1700% 7/26/2006 -12,300.000.000 12.300.000.00 CLOSE FOR 1062060094584 7/26/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33)COQ 00000355 7/26/2006 0.00 1,766.42 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)(XXI 00000355 0.00 12,301,766.42 CMS REF: 1062070000096 SECID:99457K931 REG:REPO ELL _ ELL DREYFUS TREASURY CASH MANAGEMENT 7/26/2006 0.000 98,233.58 SOW DREYFUS TREASURY CASH 7/26/2006 0.0000 &GO CMS REF: 1062070158934 7/26/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 98,233.58 Tbbl U. . 13 LLAR IU D)(4) Total Principal: .1,783.27 Total Commission: 0.00 Total income: 1,783.27 Total Net: 0.00 7/27/2006 U. . D LIAR(U D) 1012412006 2:51:14PM PDr 41 Workbench /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USE, 2 6 2162/, 7 7/3/2006 - 9/29/2006 000 0000 Trade Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income _ FXFee Net Local Amount. RE RIVE V PAY BUY IEDF-RAL HOME LN MTC CORP DISC NIS MATURES JANUARY 232007 I NCOMF.AT 7/26/2006 2.800,000.000 -2.726.150.00 TRADING BROKER:GOLDMAN SACHS&CO,NY 00 005 7/27/2006 97.3625 0.00 CLEARING BROKER GOLDMAN SACHS&CO, NY 00000005 7/27/2006 0.00 0.00 CMS HER: 106 2070 1072 57 CLENT REF:670006030OW342 0.00 -2,726,150.00 SEC ID:313396AY9 REG: FRB CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 7/27/2006 12,100,000.000 -12.100,000.00 07/27/2006 7/27/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK ICSFBW33XVQ 00000355 7/27/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSPBUS33XXX)00000355 0.00 -I2,100,000.00 CMS REF: 1062MOB62W SEC ID:99457Q219 REG: REPO Total RE EIVE V PAY -BUY (21 Total Principal: -14,826.160.00 Total Commission: 0.00 Total Income: 0.00 Total Not: -14,826,150.00 DELIVER V PAY- ELL FEDERAL HOME LN MTG CORP DISC NTS MATURES SEPTEMBER 12,2006 INCOME 7/26/2006 -2,500,000.000 2,439,855.21 TRADING BROKER GOLDMAN SACHS&CO,NY 0000)005 7/27/2006 97.5942 0.00 CLEARING BROKER GOLDMAN SACHS&CO, NY OD000005 7/27/2006 0.00 43,352.08 CMS REF: 1062070122317 CLIENT REF:670006030009343 0.00 2,483,207.29 SEC ID:3IM9M5 RED:FRB CS FOB CAT REPO REPURCHASE AGREEMENT DTD 07/26/2006 05.I800V 7/27/2006 -12,400,000,000 12,400,000,00 CLOSE FOR IM207OM43V 7/27/20M 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBUS33X)OQ 000DO355 7/27/2006 0.00 1,784.22 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 12,401,784.22 CMS REF: 10620900002 10 SEC ID:99457N190 REG-REPO Total DELIVER V PAY- ELL(21 Total Principal: 14,839,855.21 Total Commission: 0.00 Total I.ecme: 45,136.30 Total Net: 14,884,991.51 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/27/2006 0.000 -58,841.51 BOUGHT DREYFUS TREASURY CASH 7/27/2006 0.0000 0.00 CMS REF: 1062080177419 7/27/2006 0.00 0.00 SEC ID:996085247 REG:05 0,00 -58,841.51 q,n Work h ' ro4/2�'c t.o..4PM, ^DT � I I I I 1^ I i 1 I I I I I Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 206CM2162/,00700 7/3 /2006 - 9 /29 /2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission DescripHod. . Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total U. . D LLAR In DI (5) Total Principal: -45,136.30 Total Commission: 0.00 Total Income: 45,136.30 Total Net: 0.00 7/28/2006 U. . D LLAR(U D) RE EMS V PAY -BUT CS FOB CAT I REPO REPURCHASE AGREEM ENT DTD 07/28/2 006 05.1900% 7/28/2006 11,800,000.000 -11.800,000.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/28/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 7/28/2006 0.00 0.00 CMS REF: IM209DO76538 0.00 -1I,800,owoo SEC ID:99457R845 REG:REPO DELNER V PAY- ELL CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 7/28/2006 -12,100,000.000 12,100,000.00 07/27/2006 7/28/2006 100.0000 0.00 CLOSE FOR 1062080086299 7/28/2006 0.00 1,744.42 TRADING BROKER:CREDrr SUISSE,NEW YORK(CSFBUS33)CXXI 000D0355 0.00 12,101,744.42 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 0WOM55 CMS REF: 1062090000136 SEC ID:99457Q219 REG: REPO MAR IN RELEA E -our DREYFUS TREASURY CASH MANAGEMENT 7/28/2006 0.000 -9,604.42 BOUGHT DREYFUS TREASURY CASH 7/28/2GO6 OOOGO 0.00 CMS REF: 1062090171357 7/28/2006 O.GO 0.00 SEC ID:996085247 REG:05 0.00 -9,604.42 DREYFUS TREASURY CASH MANAGEMENT 7/28/2006 0.000 -4,324.25 BOUGHT DREYFUS TREASURY CASH 7/28/2006 0.0000 0.00 CMS REF: 1062090171358 7/28/2006 0.00 0.00 SEC 0:996085247 REG:05 0.00 -4,324.25 Total MAR IN RELEA E -BUT (2) Total Principal: -13,928.67 Total Commission: 0.00 Total Income: 0.01) Total Net: -13,928.67 P REI N H LDER RffiEA E- D 10/24/2006 2:5lA4PM PDT 43 Workbench 0 Mellon Custody Transaction History Report ID: CUA356 Ban Currency: USD 2 6 2162/, 7 7 /3 /2 006 - 9 /2 9 /2 006 ODD DODD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description - Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL HOME LN HKS CONS ND DID 07/28/2003 3 539'e 01/28/2000 7/2812006 U 000 0.00 REC INT ON 245000.000 UNITS PAY 07/28/06 RATE 0.017 7/28/2006 0.0000 0.00 CMS REF: 1062090009990 1/28/2006 0.60 4,324.25 SEC ID:31339YJD5 0.0u 4,324.25 Total U. . D LLItR(U D) (5) Total Principal: 286,071.33 Total Commission: 0.00 Total Income: 6,068.67 Total Net: 292,190.00 7/31/2006 U. . D LLAR In DI RE EWE V PAY -BUT BANKAMERICA CORP DISCOUNT NT DUE 08/01/20D61NCOME AT MAT 7/31/2006 7,500,000.000 -7,498,900.00 TRADI NG BROKER BANG OF AM ERICA SECS D.C,CHARLOTTE ODOOD773 7/31/2006 99.9853 0.00 CLEARU40 BROKER:BANC OF AMERICA SECS LLC,CHARLOTTE 00000773 7/31/2006 0.00 SAID, CMS REF: 1062120G51923 CLIENT REF:670002030026360 0.00 .7,498,900.00 SEC B):0660PIH12 FEO: DTC FEDERAL HOME Idi MTU CORP DISCNTS MATURES AUOUST7,2006 INCOME AT 7/31/2006 7,100,000.000 -7,092,821.11 TRADING BROKER LEHMANGOVT SECS INC.NY 00000636 7/31/2006 99.8989 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 7/31/2006 0.00 0.00 CMS REF: IM2120058877 CLIENT REF:670002030026361 0.00 .7,092,821.11 SEC ID:313397A92 REG: FRB CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEM ENT DTD 07/31/2D06 7/31/2006 2,300,000.000 -2,300,000.00 TRADING BROKER CREDIT SUISSE, NEWYORK(CSFRUS33))C(I 000OD355 7/31/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFSUS33XXX)ODOOW55 7/31/2006 0.00 0.00 CMS REF: 1062120098527 0.00 -2,300,000.00 SEC ID:99457S942 REG:REPO Total RE EIVE V PAY -BUY (3) Total Principal: .16,891,721.11 Total Commission: 0.00 Total Income: 0.00 Total Net: -16,891,721.11 RE Ewle V PAY -PU US TREASURY INFLATION INDEXED NOTES 2% 1/15/2014 7/31/2006 555.000 -555.00 RECD PR01 ACCRET FOR JULY RECD 09T FOR JULY 7/31/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 7/31/2006 0.00 555.G0 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 0.00 CMS REF: 1062120063933 SECID:912828BW9 REG: FRB I—"4/2qr- S — '4PMj DT I I W kbe ■t�F _ _ I _ I __ __ i 1 1 I 1 1 1 1 I V McIIOn Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7 /3 /2 006 - 9 /29 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount US i'RLASUNY INFLATION INDEXED NOTES 2%7/15/2014 7/31/2006 16861000 16,561.00 RECO PRIN ACCRET FOR JULY RECD INT FOR JULY 7/31/2DO6 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 7/31/2006 0.00 16 864.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 0.00 CMS REF: ID62120066137 SEC ID:912828CP3 RED:FRB Total RE EIVE V PAY -PU (2) Total Principal: -17.419.00 Total Cammhahm' 0.00 Total income: 17,419.00 Total Net: 0.00 DEMVER V PAY- NIT FE DERAL NATL MTO ASSN DEBS DTD 0 1/25/2005 3 114%07/31/2006 7/31/2006 -2,D00,000.000 2,000,000.00 PROCEEDS RECEIVED AS A RESULT OF A MATURITY FOR CASH AMOUNT 7/31/2006 100.0000 0.00 2,000,000.000 7/31/2006 0.00 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 2,000,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062099000283 SECm:31359MXQ1 REG: FRB FEDERAL NATL MTO ASSN DEBS DTD 01125/2005 3 1/4%0713112006 7/31/2006 -15,000,000.000 15,000,0(>0.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 7/31/2006 100.0000 0.00 15 000 000 000 7/31/2006 0.00 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000099" 0.00 15,000,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00(101) 9 CMS REF: 1062099000284 SEC ID:31359MXQI RED: FRB Total DELIVER V PAY-EAT 12) Total Principal: 17,000,000.00 Total Commiaeloo: 0.00 Total Income: 0.00 Total Not: 17,000,000.00 DELVER V PAY - ELL FEDERAL NAIL MTG ASSN DISCOUNT NT MATURES FEBRUARY 23,2007INCOME 7/31/2006 -1,900,000.000 1,827,405.23 AT 7/31/2006 96.1792 0.00 TRADING BROKER MERRBL LYNCH PIERCE FENNER SM M4INC NY 000DO161 7/31/2006 0.00 15,894.02 C LEARQNG BROKER MERRILL LYNCH PIERCE FE NNER SMITH INC NY 00DO0161 0.00 1,843,299.25 CMS REF: 1062120085455 CLIENT REF:670006030009361 SEC ID:313588CF0 REG:FRB 1012412006 2:51:1411M PDT 45 Workbench ((/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 26 21621, 7 7/3 /2006 - 9/29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amourt csruHC%IIRIAUHIMIVCH%1EACHMA1P;N1 1)11)0 /zs/:''unr,05.r-wri, 7/11/2006 -11,600,000 000 11500t100.00 CLGSF. FOR 1%201a)076535 7/31/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWY0RK(CSFDUS33XXX100000355 7/31/2006 0,00 5.103.50 CLEARING BROKER CREDR SUISSE,NEW YORK(CSFBUS33XXX)000W355 0.00 11.805.103.50 CMS REF: 1062120MM94 SEC ID:99457R845 REG:REPO Total DELNER V PAY. ELL(2) Total Principal: 13,627,405.23 Total Commission: 0.00 Total Income: 20,997.52 Total Net: 13,648,402.7E MAR IN R ILEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 7/31/2006 0.000 -722.278.89 SOLIG14T DREYFUS TREASURY CASH 7/31/2006 0.0000 0.00 CMS REF: 1062120192278 7/31/2006 0.00 0.00 SEC ID:9%085247 REG:05 0.00 -722,278.89 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 7/31/2006 0.000 137,491.42 SOLD DREYFUS TREASURY CASH 7/31/2006 0.0000 0.00 CMS REF: ID62120192277 7/31/2006 0.00 0.00 SEC ID:9 9608 52 47 REG:05 0.00 137,491.42 F REI N H LDER RaLEA E- D FEDERAL HOME LN DES CONS BD DTD 07/30/200331/2%01/30/2009 7/31/2006 0.000 0.00 REC INT ON 150000.000 UNITS PAY 07/31/06 RATE 0.017 7/31/2006 0.0000 0.00 CMS REF: 1062120005137 7/31/2006 0.00 2,625.00 SEC ID:31339YL67 0.00 2,625.00 FEDERAL HOME LN BKS CONS BD STEP CPN 2.75%TO 07/04 RESETS 7/31/2006 0.000 0.00 RECD INT ON 100000.00D UWS PAY 07/31/06 RATE 0.0175 7/31/2006 0.0000 0.00 CMS REF: IM2120100981 7/31/2006 0.00 1,750.00 SEC ID:31339YQF2 0.00 1,750.00 FEDERAL NAIL MTG ASSN DEBS DTD 01/25/2005 3 1/4%07/31/2006 7/31/2006 0.000 0.00 REC INTON 20OD000.000 DIETS PAY 07131/06 RATE 0.016 7/31/2006 0.0000 0.00 CMS REF: 1062120005130 7/31/2006 0.00 32,500.00 0.00 32,500.00 SEC ID:31359MXQI FEDERAL NATL MTG ASSN DEBS DTD 01/25/2005 3 114%07/31/2006 7/31/2006 0.000 0.00 REC INTON 15000000.000 UNNS PAY 07/31/06 RATE 0.016 7/31/2006 0.0000 0.00 CMS REF: 106212OW5134 7/31/2006 0.00 243,750.00 0.00 243,750.00 SEC ID:31359MXQ1 '....74/29^- 1 -..,4PIJ °DT Q W -,t6qF /© Mellon Custody Transaction History Report m: CUA356 Base Currency: U8D 2 6 2162/, 7 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units nti pal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income a.- FX Fee Net Local Amount FEDERAL NATL MTG AGSN MEDIUM TERM NTS UTD 01/30/2tg441/4"6 7/31/2006 0.000 0.00 REC INTON 3100000.000 UNITS PAY 07/31/06 RATE 0.021 7/31/2006 0.0000 0.00 CMS REF: 106212OW5141 7/31/2006 0.00 65,875.00 SEC ID:3136F4Y24 0.00 65,875,00 TOW F REI R H LDER RELEA E- D(5) Total Principal: 0.00 Total Commlaelan: 0.00 Total income: 396,50000 Total Net: 346,500.00 A H WTTI DRAWAL - W F/X TRANSACTION 7/31/2006 0,000 -13,800,000,00 REPS TRANSFER TO OCS 7/31/2006 0.0000 0.00 CMS REF: 1062120162252 7/31/2006 0.00 0.00 0,00 -13,800,000.00 Total U. . D LLAR In DI 171 Total Principal: -666,522.35 Total Commission: 0.00 Total Income: 394,916.52 Total Net: -281,605.83 8/1/2006 U. . D LWR IU D1 RE EIVE V PAY -BUT BANKAMERICA CORP DISCOUNT NT DUE 08/02/2006INCOME AT MAT 8/1/2006 7,500,000.000 -7,498.902.08 TRACI NO BROID:R BANC OF AM ERICA SECS LLC,CHARLOTTE 00000Tl3 8/1/2B06 99.9854 0.00 CLEARING BROKER BANC OF AMERICA SECS LW,CHARLOTTE ODD00773 8/l/2006 0.00 0.00 CMS REF: 106 2130 1051 70 CLIENT REF 680002030026488 0.00 -7,498,902.08 SEC ID:066OPIH2O REG: DTC FEDERAL NAIL MTG ASSN DISCOUNT NT MATURES JANUARY 24,2007 INCOME AT 7/28/2006 300,000.000 -292,140.00 LATE TRADE NOMCA71ON 7/28/2006 97.3800 0.00 TRADING BROKER GOLDMAN SACHS&CO,NY 00000005 8/1/2006 0.00 0.00 CLEARING BROKEN, GOLDMAN SACHS&CO, NY 00000005 0.00 -292,140.00 CMS REF: 1062090048776 CLIENT REF:670006030009352 SEC ID:31358BA713 REG: FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/01/200605.2400% 8/l/2006 2,100,000.000 -2,100,000.00 TRADING BROKER CREDIT BUISSE, NEW YORK(CSFBUS33)OXXI 0OW0355 8/112006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXX100000355 8/112006 0,00 0.00 CMS REF 1062130099702 0.00 -2,100.000.00 SEC ID:99457W96 REG: REPO 10/24/2006 2:51:14PM PDT 47 Work enM /© Mellon Custody Transaction History Report CUA356 Base Currency: USD 2 6 2162/, 7 7 13 /2 006 - 9 /2 9/2 006 000 0= Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CSIROBCNIIRf:H1 PJQURCITA5I,AGPLENTEW DID ON/01/'20000. 140W)' 8/1/2006 6,I'M 000,000 6,300000.00 TRADING BROKER:CREDIT SUISSE, NEWYORKICS IIU533.. IX)0000U355 S/1/2006 100,0000 000 CLEARING BROKER CREDIISUISSE,NEW YORK ICSFBUS33KKKI 00000355 B/l/2006 0.00 0.00 CMS REF: 1062130100575 0.00 -6,300,000.00 SEC ID:99457W% REG: REPO Total RE EIVE V PAY -BUY (4) Total Principal: -16,191,042.08 Total Commlaalem: 0.00 Total Income: 0.00 Total Net: -16,191,042.08 DELIVER V PAY-MT BANKAMERICA 00"DISCOUNT NT DUE 08/01/2006 INCOME AT MAT 8/1/2006 -1.500.000.000 1,494,301.67 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 8/1/2006 100.0000 0.00 1,500,000.000 8/1/2006 0.00 5,698.33 TRADING BROKER:NON BROKERTRADE, BOSTON 000099N 0.00 1,500,000.m CLEARING BROKER NON-BROKERTRADE,BOSTON OODD9999 CMS REF: 1062129000122 SEC m:0660P 11112 REG: DTC BANKAMERICA CORP DISCOUNT NT DUE 08/01/2006 INCOME AT MAT 8/l/2006 -7,500,G00.000 7,498,900.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 8/1/2006 100.0000 0.00 7,500,000.000 8/1/2006 0.00 1,100.00 TRADING BROKER:NON-BROKER TRADE, BOSTON DD009999 0.00 7,500,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 10621290DO10 SEC I :0660PIH12 REG:UTC FEDERAL NAIL MTG ASSN DISCOUNT NTS MATURES AUGUST 1,2006 INCOME AT 8/1/2006 -2,000,000.000 1,990,862.22 MAT 8/1/2006 100.0000 0.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 8/1/2006 0.00 9,137.78 2,000,000.000 0.G0 2,000,000.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 CMS REF: 1062129000724 SEC 0-313589A37 REG: FRB WELLS FARGO BANK NA INSTL CIF DER PROGRAM BOOK ENTRY DID 07/07/2006 8/1/2006 -3,000,000.000 3,000,000.00 PROCEEDS RECEIVED AS A RESULT OF MATURIY FOR CASH AMOUNT B/l/2006 100.0000 0.00 3,000,000.000 8/l/2006 0.00 10,979.17 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,010,979.17 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062INW1777 SEC ID:9497PSVI10 REG: OTC er i. - "4/21r- 1 .. .4PMI Or I I I --I _ -1 - - _ _ I 1 1 _I 1 1 1 1 I 1 l - L 0 Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 '_2162/,. 7 7 /3 /2006 - 9/29 /2006 ODD 0000 *.'Trade/ Ex Date Units PrinciphT. Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Totd DELIVER V PAY-MT(4) Total Princlpal: 13,984,063.89 Total Commission: 0.00 Total Income: 26,915.28 Total Net 14,010,979.17 DELIVER V PAY- ELL CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENT DTD 07/31/2005 8/l/2006 -2,300,000.000 2,300.000.00 CLOSE FOR 106212009E527 8/l/2006 100.0000 ODD TRADING BROKER CREDIT BUISSE, NEWYORK(CSFBUSMXXX)00000355 8/1/2006 0.00 333.50 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 2,300,333.50 CMS REF: 1062130000622 SEC N:994575942 REG:REPO W" In RE-EA E -Bur DREYFUS TREASURY CASH MANAGEMENT 8/1/2006 0.000 -229.706.84 BOUGHT DREYFUS TREASURY CASH 8/1/2006 0.0000 0.00 CMS REF:1062130213855 8/l/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -229,706.84 ELL- ELL DREYFUS TREASURY CASH MANAGEMENT 8/1/2006 0.000 42,446.38 SOLD DREYFUS TREASURY CASH 8/l/2006 0.0000 0.00 CMS REF: 1D62130213859 8/l/2006 0.00 0.00 SEC ID:996085247 MG:05 0.00 42,446.38 F RPd R H LDER RELEA E- D AID SUNAMERICA GLOBAL FINANCING V11 SR REG S DID 08/08/20015.95% 8/1/2006 0.000 0.00 INTEREST DUE ON PAY DATE 080106 8/l/2006 0.00D0 0.00 CMS REF: 10621301301W 8/1/2D06 0.00 21.996.00 SEC ID:000907AA0 0.00 21.996.00 FEDERAL NATL WO ASSN MEDIUM TERM NTS DID 02/01/20054%02/01/2008 8/I/2006 0.000 0.00 BBC MT ON 150000.000 UNITS PAY 08/01/06 RATE 0.020 8/1/2006 0.0000 0.00 CMS REF: 1062130025023 8/1/2006 0.00 3,000.00 SEC ID:3136F6UH0 0.00 3,000.00 SALOMON SMITH BARNEY HLDGS INC MEDIUM TERM SR NTS BOOK ENTRY 8/l/2006 0.000 0.00 RECD INT ON 2300000.000 UNITS PAY 08/01/06 RATE 0.0136 8/l/2006 0.0000 0.00 CMS REF: 10621M196511 - 8/1/2006 0.00 31,387.73 SEC m:79548EIP8 0.00 31,387.73 BSDT-LATE MONEY DEPOSIT ACCOUNT 8/l/2006 0.000 0.00 RECENED IITERESI'BSDT-IATE MONEY DEPOSIT ACCOUN 8/l/2006 0.0000 0.00 CMS REF:10621300185D4 8/l/2006 0.00 71.97 SEC ID:996087094 0.00 71.97 1012412006 2.51:14PM PDT 49 ware @ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 21'6111102 162/,D1^7r1'1 7/3 /2006 - 9/29/2006 000 0000 Trade/ Ex Date - Units - Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX.Fee- Net.Locai:Amount_ Total F REI N H LDER RE-LEA E- D (4) Total Principal: 0.00 Total Commission: 0.00 Total Income: 66,455.70 Total Net: 56,455.70 Total U. . D LLAR(U DI ( 5) Total Principal: -94,238.65 Total Commission: 0.00 Total Income: 83,704.48 Total Net: -10,S34.17 8/2/2006 U. . D LIAR(U D) RE EIVE V PAY-BUY BANKAMERICA CORP DISCOUNT NT DUE 08/03/2006 INCOME AT MAT 8/2/2006 7,600,000.000 -7,598,895.89 TRADING BROKER BANC OFAMERICASECS LLC,CHARLOTM 00000773 8/2/2006 99.9855 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE 00000773 8/2/2006 0.00 0.00 CMS REF: 1062140057995 CLIENT REF:680002030026495 0.00 -7,598,895.89 SEC 0:0660PIH38 REG: DTC FEDERAL HOME LN BE CONS DISC NTS MATURES NOVERMSER 1.2006 INCOME AT 8/2/2006 1,700,000,000 -1,677,482.56 TRADING BROKER MORGAN STANLEY&CO INC,NY 00W0050 8/2/2006 98.6754 0.00 CLEARING BROKER MORGAN STANLEY&CO INC, NY 00000050 8/2/2006 0.00 0.00 CMS REF: 1D621QM9618 CLIENT RER 680006030009386 0.00 -1,677,482.56 SEC m:31338SM78 REG:FRB FEDERAL NATL MTO ASSN DISCOUNT NT MATURES JANUARY 3,2007 INCOME AT 8/2/2006 1,100.000.000 -1,075,342.89 TRADING BROKER UBS SECURITIES LUC,STAMFORD 00000642 8/2/2006 97.7584 0.00 CLEARING BROKER UBS SECURITIES LLC,SrAMFORD 00DO0642 8/2/2006 0.00 0.00 CMS REF: 10621,10059615 CLIENT REF:680006030009385 0.00 -1,075.342.89 SEC ID:313588AC9 REG: FRB CREDIT MIME FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 8/2/20D6 2,000.000.000 -2,000,000.00 OB/02/2006 8/2/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK ICSFBUSMXXX)00000355 8/2/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 -2,000,000.00 CMS REF: IM2140092481 SEC IN:99457Y030 REG:REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 08/02/20D6 05.1800% 8/2/2006 11,800,000.000 -11,800.000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33)CN 00000355 8/2/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 8/2/2006 0.00 0.00 CMS REF: 1062140OB8892 0.00 -11,800,000.()0 SECID:99457Y055 REG:REPO yi Workbench_ r^'?4/29"c p.r,." It IT 1 I F V ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2 006 - 9 /2 9/2 006 ODD 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense income Description FX Fee Net Local Amount Total RE EI VE V PAY - BUY (5) Total Principal: -24,151,721.34 Total Commission: 0.00 Total Income: 0.00 Total Net: -24.151,721.34 DELIVERY PAY-MT BAN KAMERICA CORP DISCOUNT NT DUE 08/02/20D6 INCOME AT MAT 8/2/2006 -7,500,000.000 7,498,902.08 PROCEEDS RECEIVED AS A RESULT OF MATURBY FOR CASH AMOUNT 8/2/2006 100.0000 0.00 7,500,000.000 8/2/2006 0.00 1,097.92 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.90 7,500,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 106 2139 0001 5D SEC ID:0660PIH2O REG: DTC FEDERAL HOME LN BK CONS DISC NTS MATURES AUGUST 2,2006 INCOME AT 8/2/2006 5,300,000.000 5,235,308.47 MAT 8/2/2006 100oGoo 0.00 PROCEEDS RECEIVED AS A RESULT OFA MATURGY FOR CASH AMOUNT 8/2/2006 0.00 64,691.53 5,300,000.000 0.00 5,300,GD0.G0 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 1062139000433 SEC ID:31338SA48 REG: FRB Total DELIVER V PAY-MT(2( Total Principal: 12,734,210.55 Total CammLvsion: 0.00 Total income: 65,789.45 Total Net: 12,800,000.00 DELIVER V PAY- ELL FEDERAL HOME LN MM CORD DISC NTS MATURES AUGUST 29,2006 INCOME AT 8/1/2006 -1.400,000.000 1,372,217.00 TRADING BROKER GOLDMAN SACHS A CO,NY 00000005 8/2/2006 98.0155 am CLEARING BROKER:GOLDMAN SACHS A CO,NY 00000005 8/2/2006 000 22,354.50 CMS REF: 10621M1450Dt CLIENT REF:680006030009374 0.00 1,394,571.50 SEC 0:313397D73 REO: FRB FEDERAL HOME IN MTG CORP DISC NTS MATURES DECEMBER 12.2006 INCOME 8/I/2DD6 -1,600,000.OG0 1,556,146.67 AT 8/2/2006 97.2592 0.00 TRADING BROKER GOLDMAN SACHS A CO,NY 00D00005 8/2/2006 0.00 13,258.67 CLEARING BROKER GOLDMAN SACHS A 00, NY 00000005 0.00 1,569,405.34 CMS REF: 1062130145D05 CLIENT REF:680006030009375 SECID:312397S85 REG:FRB 10/24/2006 2:51:14PM PDT 51 Workbench ® Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2-6, 1!2162/, "7 7/3 /2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Descriptiao- Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CS FOB CAT REM PEPURCHASP: AGRLIAM E4T DID 08/01/200605.210u- 8/2/2006 -2,100,000.000 2,100,000.00 CEASE FOR 106213OM9702 8/2/2006 1000000 0.00 TRADING BROKER CREDIT SUISSE. NEWYORKICSFBUS33XXXI 00000355 8/2/2006 0,00 305.67 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBUS33XX)q 000W355 0.00 2,100,305.67 CMS REF: 10621400001M SEC ID:99457V796 REG: REPO CSFOB CAT 1 REPO REPURCHASE AGREEMENT DTD 08/01/2DD605.2400% 8/2/2006 -6,300,000.000 6.300,000.00 CLOSE FOR 1062130100575 8/2/2006 IG0.00G0 0.00 TRADING BROKER CREDIT SUISSE, NEWYORK(CSFBU933)CXX)0OD00355 8/2/2006 0.00 917.00 CLEARING BROKER:CREDTSUMSE,NEW YORK(CSFBUS33XXX)00000355 0.00 6,300,917.00 CMS REF: 1052140000178 SEC ID:99457V796 REG: REPO Total DELIVER V PAY- ELL 14) Total Principal: 11,328,363.67 Total ComrlliRsIon: 0.00 Total Income: 36,835.84 Total Net: 11,365,199.51 MAR IN RELEA E -BUY DRFYFUS TREASURY CASH MANAGEMENT 8/2/2006 0.000 -12,792.22 BOUGHT DREYFUS TREASURY CASH 8/2/2006 0.0000 0.00 CMS REF: 1062140223927 8/2/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -12,792.22 DREYFUS TREASURY CASH MANAGEMENT 8/2/2006 0.000 -21.775.74 BOUGHT DREYFUS TREASURY CASH 8/2/2006 0.0000 0.00 CMS REF: 1062140223928 8/2/2006 0.00 0.00 SEC to:996085247 REG:05 0.00 -21.775.74 Total MAR IN RELEA E -BUY (2) Total Principal: -34,667.96 Total Commiaalon: 0.00 Total income: 0.00 Total Net: -34,567.96 F REI H H LDER RELEA E- D CI7IGROUP INC OLDRAL SR NT DTD 05/0212WS VAR RATE 05/02/2008 8/2/2D06 0.000 0.00 RECDINTON 1200000.000 UNITS PAY 08/02/06 RATE 0.0132 8/2/2DO6 0,0000 0.00 CMS REF: 1062390 V2489 8/2/2006 0.00 15,942.83 0.00 15,942.83 SEC ID: 172967CW9 DREYFUS TREASURY CASH MANAGEMENT 8/2/2006 0,000 0.00 RECEIVED INTERESr DREYFUS TREASURY CASH MANAGEME 8/2/2006 0.0000 0.00 CMS REF: 1062140158729 8/2/2006 0,00 723.83 SEC O3:996085247 0.00 723.83 Wn,Kb¢ F "^4/2l+"" �.. •4PMt 'DT I � � l � �^ I l � ( � I 1L I 1 I l 1 I I 1 Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 26 21621, 7 7 /3 /2006 - 9/29 /2006 000 OODO Trade/ Ex Date Units Principal. Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount DREYFUS TREASURY CASH MANAGEMENT 8/2/2006 0.000 0.00 RECEIVED INTEREST DREYFUS TREASURY CASH MANAGEME 8/2/2006 0.0000 0.00 CMS REF: 1052140158731 8/2/2006 0.00 4.423.13 SEC ID:996085247 000 4,423.13 Total F Inn N B LDER RELEA E- D(3) Total principal: 0.00 Total Commission: 0.00 Total income: 21,089.79 Total Net: 21,089.79 Total U. . D LLBR in D) ( 6) Total Principal: -123,715.08 Total Commission: 0.00 Total Income: 123,715.08 Total Net: 0.00 8/3/2006 U. . D LL ,R lU DI RE EIVE V PAY - BUY BANKAMERICA CORP DISCOUNT NT DOE 11/01/2006 INCOME AT MAT 8/3/2006 1,700,000.000 -1,677,177-50 TRADINGBROKER BANC OFAMERICASECS uc,CHARLMT 00000773 8/3/2006 98.6575 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE OODD0773 8/3/2006 0.00 0.00 CMS REF: 1052150058144 CLIENT REF:680006030009393 0.00 -1.677,177.50 SECID:0660PIL17 REG:DTC FEDERAL HOME LN SKS CONS BD DTD 06/22/2005 41/2%M/22/2010 8/2/2006 20,300,000.000 -19,763,065.00 TRADING BROKER LEHMAN DOW SECS INC.NY OD000636 8/3/2006 97.3550 0.00 CLEARING BROKER LEHMAN GOUT SBCS INC,NY 00000636 8/3/2006 0.00 -104,037.50 CMSREF: 10 6 2 14 0 13 18 86 CLIENT REF:680002030026498 0.00 -19,867.102.50 SEC M:31MXC6Y4 REG:FRB WELLS FARGO BANK NA INSTL CTF DEP PROGRAM BOOK ENTRY DTD OS/03/2006 8/3/2006 2,300,000.000 -2,300,000.00 TRADING BROKER WELLS FARGO BROKERAGE SVCS LLC, MINNEAP OD000025 8/3/2006 100.0000 0.00 CLEARING BROKER WELLS FARGO BROKERAGE SVCS TLC,MINNEAP 00000025 8/3/2006 0.00 0.00 CMS REF: 1062150058519 CLIENT REF.680006030009394 0.00 -2,300,000.00 SEC ID:9497PSC99 REG-D7C CREDIT MIME FIRST BOSTON REPURCHASE AGREEMENT DTD 08/03/20D6 8/3/2006 8,900,000.000 -8,900.000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBU833XXA 00000355 8/3/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33)DM 00000355 8/3/2006 0.00 0.00 CMS REF: 1062150099553 0.00 -8.900,000.00 SEC m:99457ZM REG:REPO 10/24/2006 2:51:14PM PDT 53 Workbench © Mellon Custody Transaction History Report ID: CUA356 Bee.Clureney: USD 21-..61'ni12162/,I-1:-7"1 1 7/3 /2006 - 9/29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total RE EI VE V PAY - BUY (41 Total Principal: -32,640,242.50 Total Commission: 0.00 Total Income: 104,037.50 Total Net: 32,744,280.00 DELIVER V PAY-MT BANKAMERICA CORP DISCOUNT NT DUE 08/03/2006 INCOME AT MAT 8/3/2006 -7,600.000.000 7,598,895.89 PROCEEDS RECEIVED AS A RESULT OF MATURITY FOR CASH AMOUNT 8/3/2006 100.0000 0.00 7.600.000.000 8/3/2006 0.00 1.104.11 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 7,600,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON OW09999 CMS REF: 1062149000059 SEC ID:0660P1H38 REG: DTC UNITED STATES TREASURY BILL DTD 02/02/2006 DUE 08/03/2006 8/3/2006 -1,000,000.000 996.205.83 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 8/3/2006 100.0000 0.00 1,000,000.000 8/3/2006 0.00 3,794.17 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 1,000,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 10621490DO729 SECID:912795XP1 REG:FRB Total DELIVER V PAY-MT(2) Total Principal: 8,595,101.72 Total Commission: 0.00 Total Income: 4,898.28 Total Net: 8,600,000.00 DELIVER V PAY- ELL FEDERAL HOME LN MTG CORP DISC NTS MATURES AUGUST 7,2006 INCOME AT 8/3/2006 -7,100,000.000 7,092,821.11 TRADING BROKER MOROANSTANLEY&CO INC,NYOOODOOSO e/3/2006 99.8989 0.00 CLEARING BROKER MORGAN SfANLEY&CO INC, NY 00000050 8/3/2006 0.00 3,195.00 CMS REF: 1062150061245 CLIENT REF.680002030026506 0.00 7,096,016.11 SECID:313397A92 REG: FRB UNITED STATES TREASURY NOTES DTD 08/3 1/2005 4%08/31/20D7 8/3/2006 -3,000.000.000 2,966,250.00 TRADINO BROKER:MERRILL LYNCH PIERCE FENNER SMI M INC NY 000D0161 8/3/2006 98.8750 0.00 CLEARINO BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NY OD000161 8/3/2006 0.00 50,869.57 CMS REF: 1062150OB6287 CLIENT REF:680002030026507 0.00 3,017,119.57 SEC 0:912828E173 REG:FRB CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 8/3/2006 -2.000,000.000 2,000,000.00 08/02/2006 8/3/2006 100.0000 0.00 CLOSE FOR 1062140092481 8/3/2006 0.00 287.78 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS33XXX100000355 0.00 2,000,287.78 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 CMS REF: 1062150000148 SEC IN:99457YO30 REG:REPO r.,.'4/2f' 9_• •4PM' VT � � � � � Y /© Mellon Custody Transaction History Report CUA356 ease Carrency: USD 26 21621, 7 7/3 /2006 - 9/29 /2 006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount CS FOB CAT I REM REPURCHASE AGREENIF.NI DTI)08/02/2W605.I8W o 8/3/2001, 11,800,00f).000 11,800,000.00 CLOSE FOR IM2140OM92 8/3/20M I000000 0.00 TRADING BROKER CREDIT SUISSE, NEWYORK ICSFSUS33XXX)COOD0355 8/3/20n1, 0.00 1,697.89 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00OW355 0.00 11,801,697.89 CMS REF: 1O6215O0WI09 SEC ID:99457YO55 REG:REPO Total DELNER V PAY. ELL(4) Total Principal: 23,859,071.11 Total Commission: 0.00 Total Income: 56,050.24 Total Net: 23,915,221.35 ELL . ELL DREYFUS TREASURY CASH MANAGEMENT 8/3/2006 0.000 75,479.61 SOLD DREYFUS TREASURY CASH 8/3/2006 0.0000 0.00 CMS REF: 10621501786N 8/3/2006 0.00 0.00 SEC ID:99W85247 REG:05 0.00 75,479.61 DREYFUS TREASURY CASH MANAGEMENT 8/3/2006 0.000 153,679.G4 SOLD DREYFUS TREASURY CASH 8/3/2006 0.0000 am CMS REF: 1062150178605 8/3/2006 0,00 0.00 SEC ID:996085247 REG:05 0.00 153,679.G4 Total ELL - ELL (2) Total Principal: 229,158.65 Total Commission: 0.00 Total Income: 0.00 Total Net: 229,158.65 Total U. .D LIAR IU D) 1 21 Total Principal: 43,088.98 Total Commission: 0.00 Total income: -43,088.98 Total Net 0.00 8/4/2006 U. . D LIAR IU Ill RE EIVE V PAY -BUY FEDERAL HOME IN MTG CORD DISCOUNT MATURES OC'IOBER 31,2006 INC0ME 8/4/2006 1,700,000000 .1,678,278.91 AT 8/4/2006 98.7223 0.00 TRADING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NY W000161 8/4/2006 0.00 0.00 CLEARING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NY 00000161 0,00 4,678,278.91 CMS REF: 106216O073349 CLIENT REF:6WW60300094O5 SEC ID:313397M65 REO:MB 10/24/2006 2:51:14PM PDT 55 Workbench © Mellon Custody Transaction History Report 1D: CUA356 Base Currency: USD 2^6' ':2162/, -7 7/3 /2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CREDITI-SUI.S'EFIRSTIu)vfON Rf'PUHCHASEAOREEMEN'r YTD08/04/2(H)6 8/4/200h II,900, 00000 11,40001101ID TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS33XXXI 00000355 8/4/2000 100.01100 000 CLEARING BROKER CREDIT SUISSE,NEW YOM ICSFBUS33XXX)ODODD355 8/4/200(. 0.00 0.00 CMS REF: 1062160088607 ae0 -11,800,000.G0 SEC ID:99458ID96 REO:REPO Total RE EVrE V PAY BUY 12) Total Principal: 13,479,279.91 Total Commission: 0.00 Total Income: 0.00 Total Net: .13,478,278.91 DELIVER V PAY- MT FEDERAL HOME LN MTG CORP MEDIUM TERM NIS FED BOOK ENTRY STEP CPN 8/4/2006 -4,600.000.000 4,600,000.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 8/4/2006 100.0000 0.00 4,600,000.000 8/4/2006 0.00 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 4,600,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062159000229 SEC ID:3120X IVBO REG:FRB DELIVERY PAP. EI.L CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENT DTD 08/03/2006 8/4/2006 -8,900,000.000 8,900,000.G0 CLOSE FOR 1062150098553 8/4/2006 100.0000 0.00 TRADING BROKER CREDIT BUSSE, NEW YOM ICSFBUS33XKX)00DO0355 8/4/2006 0.00 1,283.08 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)ODOD0355 0.00 8,901,283.08 CMS REF: 10621600DO092 SEC ID:99457ZI28 REG:REPO KAR IN RELEA E-BUY DREYFUS TREASURY CASH MANAGEMENT 8/4/2006 0.000 .92,OG4.17 BOUGHT DREYFUS TREASURY CASH 8/4/2006 0.0000 0.00 CMS REF: 1062160175086 8/4/2006 0.00 0.00 SECID:996085247 REG-05 0.00 .92,004.17 F REI N IN LDER RELEA E- D FEDERAL HOME LN MTG CORP MEDIUM TERM NTS FED BOOK ENTRY STEP CPN 8/4/2006 0.000 0.00 RECD INT ON 4600000.000 UNITS PAY 08/04/06 RATE 0.0150 8/4/2006 0.0000 0.00 CMS REF: 106216005t0IM 8/4/2006 0.00 69,000OO SEC ID:3128XIVB0 0.00 69,000.00 Total U. . D LLAR ID D) (6) Total Principal: .70,283.08 Total Commission: 0.00 Total Income: 70,283.08 Total Net: 0.00 1•- ^4/21^ 1 -- •4PMI 'DT 1 1 1 1 1 Y f= r I 1 I 1 1 1 I -hborl. I I 1 i I 1 I 1 1 I I I I I I I I ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 26 21621, 7 7 /3 /2 006 - 9 /2 9/2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Miss. Expense Income Description Actual Fee Net Local Amount 8/7/2006 U. . D LLAR In DI RE E[VE V PAY -BUY BELLSOUTH CORP NT DTD 08/07/2006 VAR RATE 08/15/2008 8/2/2006 700,000,000 -700,G00.00 TRADING BROKER CHASE SECURITIES,NEW YORK 00000187 8/7/2006 100.0000 0.00 CLEARING BROKER CHASE SECURITIES,NEW YORK OOD00197 8/7/2006 0.00 0.00 CMS REF: 1062140134082 CLIENT REF.690002030026500 0.00 -700.000,00 SEC m:079860AM4 REG:DTC CS FOB CAT I REPO REPURCHASE AGREEMENT DM 08/07/2006 05.22WI. 8/7/2006 11 900,000.000 -11,800,000.00 TRAIN NO BROKE R:CREDIT SUISSE,NEW YORK(CSFBUS33XXQ 0000035S 8/7/2006 100,0000 0.00 CLEARING BROKER CREDIT SUISS E,NEW YORK(CSFBUS33XXXI 000003SS 8/7/2006 0,00 0.00 CMS REF: 1062190U/65W 0,00 -11.800.000.00 SEC ID:9945BED09 REG:REPO Total RE EFI E V PAY -BUY (2) Total Principal: -12,500,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -12,500,OOD.00 DELVERV PAY- ELL CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEM ENT DID 08/04/2006 8/7/2006 -11.800,000.000 11,800,000.00 CLOSE FOR 1062160088607 8/7/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBU833X)D100000355 8/7/2006 0.00 5.113.33 CLEARING BROKER CREDrr SUiSSE,NEW YORK(CSFBUS33XXX)0000m55 0.00 11,805,113.33 CMS REF: 10621%000098 SEC N:9945BBD96 REG:REPO MAR: IN REL&A E -BUY DREYFUS TREASURY CASH MANAGEMENT 8/7/2006 0.000 -8.257.95 BOUGHT DREYFUS TREASURY CASH 8/7/2006 0.0000 0.00 CMS REF: 10621901612M 8/7/2006 0.00 0.00 SEC m:996085247 REG:05 0.00 -8,257.95 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 8/7/2006 0.000 700.000.00 SOLD DREYFUS TREASURY CASH 8/7/2006 0.0000 0.00 CMS REF: 1062190161213 8/7/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 700,000.00 F REI N H LINES.RELEA E- D 10/24/2006 2:51:14PM PDT 57 Workbench ©/ Mellon Custody Transaction History Report CUA356 Base Convener: UBD 2 6 2162/, 7 7/3/2006 - 9/29 /2006 000 OCDD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actnal Settlement Date Misc. Expense Income FX Fee Net Local Amount IT:DEWVI RAJ 1,N11(iAS' NUFHSI,['[10107/&1U5V'AK .AI1,011")Iil4gp, 8!'i/ 1006 Il tlfln U01) PECII IN'I'ON 700WO WD UNITS P.A1 08/07/06 RATE 0,0014 8,"]/2011n rl Unnn 0 00 CMS REF: IM2190124727 8/7/200/, r1 r,n i IO: tJ SEC ID:31359MXZI q no 3 1 11 n2 Total U. . D LLAR IU DI (6) Total Principal: 8,25495 Total Commission: 0.00 Total Income 8,257.95 Total Net: 0.00 519/20D6 U. . D LLAR(U DI RE BIVB V PAY - BUY FEDERAL HOME LN BE CONS DISC NTS MATURES NOVERMBER 1,2006 INCOME AT 8/8/2006 100,000.000 -98.76750 TRADING BROKER:LEHMAN GOVT SECS INC,NY 00000636 8/8/2006 98.7675 0.00 CLEARING BROKER LEHMAN GOVT SECS INC.NY 00000636 8/8/2006 0.00 0.00 CMS REP: 106220D 168257 CLIENT REF:68000603U009417 0.00 -98.767.50 SEC 0:3I3385M78 REG:PER WACHOVIA BE INTL ASSN MEDIUM TERM SNR BE NTS BOOK ENTRY TRANCHE N 8/3/2006 1,700,000.000 -1,700,595.00 SR 8/8/2006 100.0350 0.00 TRADING BROKER WACHOVIA CAPITAL MARKETS LLC,CHARLOTTE 00000250 8/8/2006 0.00 -11,922.78 CLEARING BROKER:WACHOVIA CAPITAL MARKETS LLC,CHARLOTTE 00000250 0.00 .1.712.517.78 CMS REF: 1062150113355 CLIENT REP.680002030026508 SEC M:92976MC6 REG: DTC CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 8/8/2006 11,800,000.000 -11,800.000.00 08/08/2006 8/8/20G6 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEWYORK(CSFBUS33)XXI 00000355 8/8/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE.NEW YORK ICSFBUS33XX)q 00000355 0.00 -11,800.000.00 CMS REF: 106 2200 18 55 79 SEC ID:99458F972 REG-REPO Total RE EtVE V PAY - BUY 13) Total Principal: .13,599,362.60 Total Commissioo: 0.00 Total income: -11,922.78 Total Net: -13,611.285.26 DELIVERY PAY- ELL UNITED STATES TREASURY NTS DTD I2/15/200931/2%12/15/2009 8/7/2006 -2.000.000.000 1,916,875.00 TRADING BROKER UBS SECURITIES LLC,STAMFORD 00000642 8/8/2006 95.8938 0.00 CLEARING BROKER UBS SECURITIES LLC, SrAM FORD 00DO0642 8/8/2006 0.00 10,327.87 CMS REF: 10621900929M CLIENT REF:68DO02030026593 0.00 1,927,202R7 SECID:912828DE7 REG: FRB 1'nro4/20r I—"PM I -VT � � � � � � � � � � � � � � ..._-mil /© Mellon Custody Transaction History Report m: CUA356 Base Currency: Ban 2 6 2162/,I. 7 7/3/2 006 - 9/2 9/2 006 000 0000 Trade/.Ex Date' - Units Pr(ncipAP Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CSFOB CAT I REM REPURCHASE AGR ',FN1ENT )ID 08/07/20W 0.122OW'. 8/8/2006 -I I,NUQOOlLf1011 11.800,000,00 CLOSE FOR 10(121900765W 8/8/2906 100,0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33)OM 00000355 9/8/2006 0.00 1,711.00 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSPBUS33XXX)000W355 0.00 11,801,711.00 CMS REF: 1062200000271 SEC ID:99458E009 REO:REPO Total DELIVER V PAY- ELL 121 Total Principal: 13,716,875.00 Total Commission: 0.00 Total Income: 12.038.87 Total Net: 13,728,913.87 EBAR IN RELEA E -HIIY DREYFUS TREASURY CASH MANAGEMENT 8/8/2006 0.000 -214,685.09 BOUGHT DREYFUSTREASURYCASH 8/8/2006 0.0000 0.00 CMS REF: 1062200159505 8/8/2006 0.00 0.00 SECID:996085247 REG:05 0.00 .214.685.09 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 8/8/2006 0.000 97,056.50 SOLD DREYFUS TREASURY CASH 8/8/2006 0.0000 0.00 CMS REF: 1062200159504 8/8/2006 0.00 0.00 SEC N:996085247 REG:05 0.00 97,056.50 Total U. . D LLAR III DI (7) Total Principal: -116.09 Total Commission: 0.00 Total income: 116.09 Total Net: 0.00 8/9/2006 U. . D LIAR 1U D) RE EIVE V PAY -BUY CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 8/9/2006 10,100,000.000 .10,100.000.00 08/09/2006 8/9/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEW YORK ICSFBUS33XXXI 000OD355 8/9/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK KSFBU333XXX)00000355 0.00 -10,100,000.00 CMS REF: IM2210086522 SEC ID:99458J230 REG: REPO DELNER V PAY- ELL 10/24/2006 2:51:14PM PDT 59 Workbench a/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: DSD 2 6 21621, 7 7/3/2006 - 9/29 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CREDIT SUISSE FIRSTHDSTON INTLLTD RFPURCHASE AGREEMENT DTD 8/9/2006 1IH00,000.000 11,800,000.00 08/W/20% 8/9/2006 100.0000 0.00 CLOSE FOR 1062200186579 8/9/2006 0.00 1.691.33 TRADING BROKER:CREDIT BUSSE, NEW YORK(CSFBUS33X)K)000OD355 0.00 11,801,691.33 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33KXX)00000355 CMS REF: 106221000016E SEC ID:99458F972 REG:REPO MAR IN RETRA E-NOT DREYFUS TREASURY CASH MANAGEMENT 8/9/2006 0.000 -1,701,691.33 BOUGHT DREYFUS TREASURY CASH 8/9/2006 0.0G00 0.00 CMS REF: 1052210172281 8/9/2006 0.00 0.00 SEC G):996085247 REG:05 0.00 -1.701,691.33 Total V. . D LLAR ID D) (3) Total Principal: -1,691-33 Total Commission: 0.00 Total Income: 1.691.33 Total Net: 0.00 8/10/2006 U. . D LLAR III DI RE EniE V PAY -BUY CITIZENS BANK OFMASSACHUSETIS INSTL CTF DEP PROGRAM BOOK ENTRY 8/8/2006 1,700,G00.000 -1,700,127.18 TRADING BROKER MERRILL LYNCH GOUT SECS/MONEY MKTS,NY 00005193 8/10/2006 1G0.0075 0.00 CLEARING BROKER MERRIL LYNCH GOVTSECS/MONEY MKTS,W00005193 8/10/2006 0.00 0.00 CMS REF: 1062210044988 CLIENT REF:680006G30009424 0.00 -1,700,127.18 SEC m: 17401 EAR9 REG:DTC CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEM ENT DID 8/10/2006 10,100,000.000 -10.100,000.00 08/10/2006 8/10/2006 100.0000 0.00 TRADING BROKER:CREDIT SUI SSE,NEW YOM(CSFB11533=900000355 8/10/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX))00000355 0.00 -10,100,000.00 CMS REF: 1062220092725 SEC m:99458L110 REG:REPO Total RE EIVE V PAY -NOT (2) Total Prinelpal: -11,800,127.18 Total Commisslan: 0.00 Total Income: 0.00 Total Net: -11,800,127.18 DELIV ER V PAY - PD Mellon Custody Transaction History Report ID: CUA356 V Base Currency: USD 2 6 2162/,'.. 7" 7/3 /2006 - 9/29/2006 000 DODO " Trade/ Ex Date Units " PflBc pal: Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee .Net Local Amount SMALL BUSINESS ADMINGTD PARTN CTHS SERSBIC-PS 2MI-10 A 6.640% 8/1/2006 -74,138.430 74,138,43 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 725,218.51 UNITS 8/10/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/10/2006 0.00 12.137.57 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 86,276.00 CMS REF: 1062210000725 SEC ID:831641DD4 REO:DTC DELIVER V PAY- ELL CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DID 8/10/2006 -10,100,000.000 10,100,000.00 08/09/2006 8/10/2006 100D000 0.00 CLOSE FOR 1062210086522 8/10/2006 0.00 1,453.28 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33XXX 00000355 0.00 10,101,453.28 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33X)M 0D000355 CMS REF:1062220000149 SEC ID:99458J230 REG:REM MAR IN RELEA E -EUY DREYFUS TREASURY CASH MANAGEMENT 8/10/2006 0.000 -122,222.45 BOUGHT DREYFUS TREASURY CASH 9/10/2006 0.0000 0.00 CMS REF: 1062220164230 8/10/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -122,222.45 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 8/10/2006 0.000 1,698,673.90 SOLD DREYFUS TREASURY CASH 8/10/2006 0.0000 0.00 CMS REF: 1062220164229 8/1012006 0.00 0.00 SEC m:996085247 REG:05 0.00 1,698,673.90 F NEI N H LDER RELEA E- D HSBC FIN CORP MEDIUM TERM NTS BOOK ENTRY TRANCHE k TR W007 DTD 8/10/2006 0.000 0.00 REC 04T ON 260D000.000 UNITS PAY 09/10/N RATE 0.013 8/10/2006 0.0000 0.00 CMS REP: 1062UO012098 8/10/2006 0.00 35,946.45 SEC 0:40429JAG2 0.00 35,946.45 Total U. . D LLAR 1U DI 17) Total Prtnelpal: -49.537.30 Total Commlesiou: 0.00 Total Income: 49,537.30 Total Net: 0.00 8/11/2006 U. . D LLAR III DI aE EME V PAY -BUY 1012412006 2:51:14PM PDT 61 Workbench ©/ Mellon Custody Transaction History Report ID: CUA356 Beee Currency: Dan 2 6 21621, 7 7/3/2006 - 9/29/2006 000 00D) Trade/ Ex Date Units PrinciplF Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income .137 e> l `,d.FX-Fee Net LoCAVAmount FEDERAL HOME LN BK CONS DISC NTS MATURES OCfOBER 20.2005 INCOME %1 u; 1it11101' 600.000.000 -593,991.67 TRADING BROKER CHASE SECURITIES,NEW YORK OD000187 8i I 1/2006 98.9986 OBO CLEARING BROKER CHASE SECURITIES,NEW YORK 00000187 8/11/2006 0.00 0.00 CMS REF: 1062230050766 CLIENT REF.680006030009439 0.00 -593,991.67 SEC ID:31338SL38 REG: PRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD OB/I 1/200605.1600% 8/11/2006 11.800,000.000 -11,800,000.00 TRADING BROKER CREDIT'SUISSE, NEW YORK(CSFBUS33XXXi 00000355 8/11/2006 100.0000 0.00 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBUSM)DM OOOOD355 8/11/2006 0.00 0.00 CMS REF: 1062MOO75270 0.00 -11,500,000.00 SEC ID:99458N982 REG:REPO Total RE ETVE V PAY -BUY 12) Total Principal: -12,393,991.67 Total Contm6abn: 0.00 Total Income: 0.00 Total Bet- .12,393,991.67 DELMER V PAY- MT CITIBANK NA NY BRH INSTL CIF DEP PROGRAM BOOK ENTRY DTD 05/12/2006 8/11/2006 -2,200,000.000 2,200,000.00 PROCEEDS RECEIVED AS A RESULT OF MATURBY FOR CASH AMOUNT 8/11/2006 100.0000 0.00 2.200.000.000 8/11/2006 0.00 28,500.69 TRADING BROKER:NON-BROKER TRADE. BOSTON 00009999 am 2,228,500.69 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 CMS REF: 106 2229 0001 68 SEC ID: 17304TSC3 REG:DTC DE-MER V PAY- ELL CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 8/11/2GO6 .10,100,000.000 10.100.000.00 0B/10/2006 8/I1/2G06 100,0000 0.00 CLOSE FOR 1062220092725 8/11/2G06 0.00 1,453.28 TRADING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33)10Q OOOD0355 0.00 10.101.453.28 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 CMS REF: IM22MODIN 10 SEC ID:9945BLI10 REG: REM MAR IN RELEA R -BUY DREYFUS TREASURY CASH MANAGEMENT 8/11/2006 0.000 .21,700.00 BOUGHT DREYFUS TREASURY CASH 8/11/2006 0.0000 0.00 CMS REF: 1062230166515 8/11/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -21,700.00 ELL - FAX DREYFUS TREASURY CASH MANAGEMENT 8/11/2006 0.000 64.037.70 SOLD DREYFUS TREASURY CASH 8/11/2006 0.0000 0.00 CMS REF: 1062230166514 8111/2006 0.00 0.00 SEC ID:9 9608 52 47 REG:OS 0.00 64,037.70 WOrkber,M 114/2Cfc 1c r.r9PM, MT I � � � � 6j � � 1 1 1 i 1 I I 1 1 I I 1 1 ©/ Mellon Custody Transaction History Report CUA356 Base C..T. USD 2 6 -2162/, 7 7/3/2 006 - 9/2 9 /2 006 000 0000 Trade/ Ex Date Units' _ Mncipal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount .at REI N H LDER RELEA E - D FEDERAL HOME LN BKS CONS BD DID 02/I1/2WO 3.%%02/11/2008 8/11/2006 0.000 0.00 REC INTON 1240000.000UNITS PAY 08/11/06 RATE0.017 8/11/2006 0.0000 0.00 CMS REF: 1062230012305 8/11/2006 0.00 21,/00.00 SEC ID:3133MVQA4 0.00 21,/00.00 Total U. . D LLAR(U D) (7) Total Principal: -51,653.97 Total Commission: 0,00 Total Income: 51,653.97 Total Net: 0.00 8/14/2006 U. . D LLAR(U DI RE EIVE V PAY -BUY CITIGROUP FDG INC DISCOUNT N(DUE 10/18/2006 INCOME AT MAT 8/14/2006 2,500,000.000 -2,476,121.53 TRADING BROKER:CITIBANK CP WA,NEW YORK 00001501 8/14/2006 99a449 0.00 CLEARING BROKER CITIBANK CP IPA,NEW YORK 00001501 8/14/2006 0.00 0.00 CMS REF: IM2260070171 CLIENT REF:6800060W(0)449 GOO -2.476,121.53 SEC ID: 17307SKJO REG:DTC FEDERAL NATL MTG ASSN DISCOUNT NTS MATURES SEPTEMBER 20,20%INCOME 8/14/2006 1,500,000.000 -1.492,075,83 AT 8/14/2006 99.4717 0.00 TRADING BROKER DEUTSCHE BK SECS INC,NY(NWSCUS33)00000573 8/14/2006 0.00 0.00 CLEARING BROKER DEUTSCHE BK SECS INC, NY(NWSCUSM)00000573 0.00 -1.492,075.83 CMS REF: 10622600589+4 CLIENT REF.68000603000944E SEC ID:313589G56 REG: FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/14/200605.I800% 8/14/2006 11,800,000.000 -11,800,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBLB33K)XI 00000355 8/14/2W6 100."0 0A0 CLEARING BROKER CREDU SUISSE.NEW YOM(CSFBU833XKXI 00000355 8/14/2006 0.00 am CMS REF: 10622WM869 0.00 -11,a00,000ao SEC ID:994MQ416 RED: REPO Total RE EIVE V PAY -BUY (3) Total Principal: -15,769,197.36 Tote]Commiesion: 0.00 Total Income: 0.00 Total Net: .15,768,197.36 DELIVER Y PAY-MT 10/2412006 2:51:14PM PDT 63 Workbench © Mellon Custody Transaction History Report ID: CUA356 Bane Currency: USD 2"6"'1121621,1]''7 1 7/3 /2006 - 9 /29/2006 OOO 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount n-DERAL NATL MTG ASSN DISCOUNI'NTDUE AUGUST 14,2006 INCOM P;A 1 1.1 A'1 B;I1/200(, 1,10m).000 u00 3Pb.9,9sa00 IROCEEDS RECEIVED AS A RESULT OFA MATURHY FTIR CASH AMOUNT 8i l 112001, 100 0900 000 4,000,000.000 8/14/2006 0.00 31,080.00 TRADING BROKER NON-BROKER TRADE, BOS3ON 00009999 0.00 4.000.000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00D09999 CMS REF: 1062239000357 SEC ID:313589B85 REG:FRB DELNERV PAY. ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/I1/20%05.1600% 8/14/2006 -11,800000.000 11,800,000.00 CLOSE FOR 1062230075270 8/14/2OG6 (00.0000 0.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33XX)Q 00000355 8/14/20G5 0.00 5.074.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 0.00 11,805,074.00 CMS REF: 10622600DO089 SEC ID:99458N082 REG:REPO NAR IN RELFJI E -BUY DREYFUS TREASURY CASH MANAGEMENT 8/14/2006 0.000 -36,876.64 BOUGHT DREYFUS TREASURY CASH 8/14/2006 0.0000 0.00 CMS REF: 1062260168855 8/14/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -36,876.64 DREYFUS TREASURY CASH MANAGEMENT 8/14/2006 0.000 42,671.75 BOUGHT DREYFUS TREASURY CASH 8/14/2006 0.0000 0.00 CMS REF: IM226016MM 8/14/2006 0.00 0.00 SECID:996085247 REG:05 0.00 -12,671.75 Total BtAR IN RELEA E -BUY (2( Total Principal: 49,548.89 Total Commission: 0.00 Total Income: 0.00 Total Net 49,54a.29 F REI NH LDER RELEA E. D FLORIDA PWRCORP SR NT SER A DTD I2/13/2005 VAR RATE 11/14/2008 8/14/2006 0000 0.00 REC INTON 9000D0.000 UNITS PAY08/14/06 RATE 0.014 8/14/2006 0.0000 0.00 CMS REF: 1062260016956 8/14/2006 0.00 12.671.75 SEC ID:341099CF4 0.00 12,671.75 Total U. . D LLAR(U 111 (8) Total Principal: -UAW.75 Total Commission: 0.00 Total income: 48,825.75 Total Net: 0•00 8/15/2006 U. . D LLAR(U DI "14/2f' , I....1VMf 'Dr f r ! r, �( r— rf r— f r I I I 1 t 1 1 / 1 1 1 I I Mellon Custody Transaction History ReportM: CUA356 Bane Cuneacy: USD 2 6 -2162/, 7 7/3 /2006 9 /29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount RE EIVE V PAY - HUY CREDIT SUISSE FIRST BOSTON INTLLTD REPURCHASE AGREEMENT DTD 8/15/2006 11,800,000.000 11,800,000.00 08115/20M 8/15/2006 100.G000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33X.tl000000355 8/15/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 11,800.000.00 CMS REF: 1062270094395 SEC ID:99458S164 REG:REPO RE ETVE V PAY -PD FEDERAL HOME LN MM CORD MULTICLASS MM PARTN CTFS GM 7/3/2006 6.800 -6.80 RECD MIN ACCRET FOR JUNE RECD INT FORJUNE 8/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/15/2006 0.00 6.80 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 0.00 CMS REF: 1062270059147 SEC ID:3133TCE95 REG-FRB VIMAVERV PAY-PD FEDERAL HOME LN MID CORP MUL71CLASS MID PARTN CTFS GTD 7/3/2006 -9.622.400 9,622.40 RECD MIN AMORT FOR JUNE RECD INT FOR JUNE ON 994,793.M UNITS 8/15/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/15/2006 0.00 2,437.78 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 ODD 12,060.18 CMS REF: 1061920073820 SEC ID:3133TCE95 REG:FRB FEDERAL HOME LN MTG CORP PARTN CTFS POOL 78-6064 VAR RATE 1/11=8 7/3/2006 -97.290 97.29 RECD MIN AMORT FOR JUNE RECD I NI FOR JUNE ON 35,887.34 UNITS 8/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/15/2006 0.00 171.59 CLEARINGBROKER NON-BROKERTRADE,BOSTON00DU9999 0.00 268.88 CMS REF: 1061920073692 SEC m:31348SWZ3 REG:FEB FEDERALHOMELNMTGCORPMULTICIASSMTGPARTNCTFSGTDSER27%CL 8/1/2006 -2,422ASO 2,422.15 MA 8/15/2006 I00.0000 0.00 RECD MIN AMORT FORJULY RECD INT FOR JULY ON 59,370.45 UNITS 8/15/2006 0.00 247.38 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 2,669.53 CLEARING BROKER NON-BROKER TRADE,BOSTON 000M999 CMS REF: I0622000N4426 SEC 0:31394FX24 REG:FRB FEDERALHOME LN MTO CORP MULTICLASS MTG PAR.TNCTFS GTD SER 2832 CL 8 I/2006 -3,445.370 3,445.37 PA e/�5/2006 100.0000 0.00 RECD MIN AMORT FOR JULY RECD MT FORJULY ON 52,233.16 UNITS 8/15/2006 0.00 195.87 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,64 L24 CLEARING BROKER NOWBROKERTRADE,BOSTON 00009999 CMS REF: 1062200074423 SEC m:31395C78t REG: FRB 1012412006 2:51:14PM PDT 65 Wkb � /© Mellon Custody Transaction History Report ID: CUA356 Be..Currency: USD 26"':21621, 7 7 13 /2 006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income. FX Fee Net Local Amount. PKI)FRA.I TOME LN MIX!CORI'MUCIICLASSM"IG PARINCTFS GTUSER 2891 C I. 8/l/2006 "20,110120 20,110.42 LN 8/15/2006 11)(1.1111()0 0.00 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 869,416.59 UNITS 8/15/2006 0.00 3,079.18 TRADING BROKER:NON BROKER TRADE, BOSTON 00009999 0.00 23,189.60 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 CMS REF: 106 2200 0744 54 SEC ID:31395JZ9D REG:FRB FEDERAL HOME LN MTO CORP MULTICLASS MTG PARINCTFS GTD 8/1/2006 "2,212.510 2,212.54 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 82.726.20 UNITS 8/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/15/20M O.OD 275.75 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,488.29 CMS REF: 106 2200 0744 61 SEC ID:31395KD77 REG: FRB FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD SER2977 CL 8/l/2006 -1.319.890 1,319.89 Pi 8/15/2006 100.0000 0.00 RECD MIN AMORT FORJULY RECD INTFORJULY ON 87,006.68 UNITS 8/15/2006 0.00 326.28 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.D0 1,646.17 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 106 2200 0744 58 SEC ID:31395LM68 REG: FRB GOVf NATL MID ASSN DID PASS THROUGH POOL 421389 6 1/2%4/15/2026 8/l/2006 -230.290 230.29 RECD MIN AMORT FOR JULY RECD MT FOR JULY ON 5,295.77 UNITS 8/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00DO9999 8/15/2006 0.00 28.69 CLEARING BROKER NON-BROKER TRADE,BOSTON 0OW9999 0.00 258.98 CMS REF: 1062200W"M SEC ID:36206UC23 REG: FRB Total DELIVER V PAY-PD 13) Total Principal: 39,450.35 Total Commlaalon: 0.00 Total Income: 6,762.52 Total Not: 46,222.87 DELIV ER V PAN - ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/14/2OD605.18DD% 8/15/2006 -11,800,000.000 11,800,000.00 CLOSEFOR 1062260092869 8/15/2006 100.0000 0.00 TRADINGBR MR-CREDMSUISSE,NEWYORK(CSMWM)00000000355 8/15/2006 0.00 1,697.89 CLEARING BROKER CREDIT SUISSE,NEW YORK ItSFBUS33XXXI 000OD355 0.00 11,801,697.89 CMS REF: 1062270000140 SEC ID:99458Q416 RED: REPO MAR IN RELRA E -NOT m^•kben 1 1 I I I I 1 I 1 I I I I © Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 26 2162/, 7 7/3 /2006 - 9 /29 /2006 000 DODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount DREYFUS TREASURY CASH MANAGEMENT 8/15/2006 0.0U0 -1,697.89 BOUGHT DREYFUS TREASURY CASH 8/15/2006 0.O000 0.00 CMS REF: 1062270258874 8/15/2006 0.00 0.00 SEC N:99WB5247 RED:05 0.00 -1,697.89 DREYFUS TREASURY CASH MANAGEMENT 8/15/2006 0.000 -194,014.54 BOUGHT DREYFUS TREASURY CASH 8/15/2006 0.0000 0.00 CMS REF: 10622702SM75 8/15/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -194,014.54 Total MAR IN REl F B -BUY (21 Total Principal: -195,712.43 Total Commission: 0.00 Total Income: 0.00 Total Net: .195,712.43 F REI N H LDER ROZA E- D FEDERAL HOME LN MM CORP FREDDIE NTS DTC BOOK ENTRY TRANCHE a TR 8/1512006 0.000 0.00 REC INT ON 125000.000 UNITS PAY 08/15106 RATE 0.003 8/15/2006 0.0000 0.00 CMS REF: 1062270032584 8/15/2006 0.00 416.67 SEC ID:3133PIGK9 0.00 416.67 FEDERAL HOME LN MM CORP MULTICLASS MTG PARTN CTFS DID B/I/2006 0.000 0.00 INTEREST ON 100000.00 PAYABLE 081506 8/15/2006 0,0000 0.00 CMS REF: 1062200019584 8/15/2006 0.00 333.33 SEC 0:3I394LVFb 0.00 333.33 FEDERAL HOME LN MTG CORD MULTICLASS MTO PARTN CTFS DID SER 27M CL 8 I/2006 0.000 0.00 PA 81S5/2006 0.0000 0.00 INTEREST ON 500000.00 PAYABLE M15M 8/15/2006 0.00 1,666.67 CMS REF: 1062200019583 0.00 1,666.67 SEC ID:31394NUE6 FEDERALHOME LN Mir CORP MULTICLASS MM PARTNCTFS GTD BER3008 CL 8/I/2006 0.000 0.00 UE a/15/2006 0.0000 0.00 INTEREST ON 50000D.00 PAYABLE 081506 8/15/2006 0.00 1,875.G0 CMS REF: 1062200019585 0.00 1,875.00 SEC ID:31395 WGA9 UNITED STATES TREASURY NT DTD 02/15/2005 3 I/2%02/l5/2m0 8/15/2006 0.000 0.00 REC MT ON 820D000.000 UNITS PAY OB/15/06 RATE 0.017 8/15/2006 0.0000 0.00 CMS REF: 1062270032589 8/15/2006 0.00 143,500.00 SEC m:912828DL1 O.00 143,500.00 1012412006 2:51:14PM PDT 67 Workbench © Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 21'61,,11-2162/, 7 7/3 /2 006 - 9/2 9 /2 006 LIDO UODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total F RHI N H LDER RELEA E- D 15) Total Principal: 0,00 Total Commission: 0.00 Total Income: 117,791,67 Total Net: 147,791.67 Total U. . D LLAR Ill DI 1 B) Total Principal: -156.258.88 Total Commission: 0.00 Total Income: 156,258.88 Total Net: 0.00 B/16/2006 U. . D LLAR in D) RE EIVE V PAY -BUY BANKAMERICA CORP DISCOUNT NT DUE 11/14/2006 INCOME AT MAT 8/16/2006 600,000.000 -592,087.50 TRADING BROKER:BANC OFAMERICA SECS LLC,CHARLOTTE ODOOD773 8/16/2006 98.6813 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE 00000773 8/16/2006 0.00 0.00 CMS REF: 1062280056539 CLIENT REF:680006030009464 0.00 -592,087.50 SEC lD:0660PILE9 REG: DTC BANKAMERICA CORP DISCOUNT NT DUE it/14/2006 INCOME AT MAT 8/16/2006 6,400,000.000 .6.315,600.00 TRADING BROKER:BANC OFAMERICA SECS LLC,CHARLOTTE 000OD773 8/16/2006 98.6813 0.00 CLEARINGBROKERBANCOFAMERICASECSU.C,CHARLOT1E00000773 8/16/2006 0.00 0.00 CMS REF: 10622800565" CLIENT REF.680DO2030026643 0.00 -6,315,600.00 SEC[D:0660P1LE9 REG: DTC OENERALELECCAPCORp DISCOUNr Nr DUE 11/141MIMINCOMEAT MAT 8/16/2006 2,000,000.000 -1,973,650.00 TRADING BROKER CITIBANK CP IPA,NEW YOM 00001501 8/16/2006 98.6825 0.00 CLEARING BROKER CITIBANK CP IPA,NEW YORK OD0015D 1 8/16/2006 0.00 0.00 CMS REP: 106 22800 574 15 CLIENT REP:680006030009465 0.00 -1.973.650.00 SECID:36959JLE1 REG: DTC UNITED STATES TREASURY NOTES DTD 11/15120054.500'Y 11/15/2010 S/IS/2006 11,900,000.000 .11,732,656.25 TRADING BROKER:CREDIT SUISSE,NEW YOM(CSFBUS33X)C()00DO0355 8/16/2006 98,5938 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK 1CSFBU333XXX10D000355 8/16/20M 0.00 -135,330.16 CMS REF: IM2 270 1195 41 CLIENT RER 68DO02030026636 0.00 .11,867,986.41 SEC TD:912828EM8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/16/200605.1800% 8/16/2006 36,800000.000 .36,800,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)OM 00000355 8/16/2006 IOD.D000 0.00 CLEARING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33XX))00DO0355 8/16/2006 0.00 0.00 CMS REF: 10622800953 IS 0.00 -36,800,000.00 3EC m:99458LO26 REG: REPO (ten nt14/21r Jer.,.4PMI /© Mellon Custody Transaction History Report ID CUA356 Base Carrcncy: 11SD 2 6 2162/, 7 7/3 /2 006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CS FOB CAT REIl REPURCHASE AGREEMENT DTI)08/16/200605-18009— 8/16/2006 11,200,000000 11.200.000,00 TRADING BROKER:CREDIT SUISSE, NEW YORE ICSF1IU933XXXI 00000355 8/16/2006 1000000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK 1CSFBUS33XXXQ 00000355 8/16/2006 000 0.00 CMS REF: IM2280096250 0 00 -11,200.000.00 SEC ID:99458ID26 REG: REPO Total RE EIVE V PAY -Nor 16I Total Principal: -68,613,993.75 Total Commlealon: 0.00 Total income: -135,330.16 Total Net 48,749,323.91 D19LIVERV PAY-TNT GENERAL ELEC CAP CORP DISCOUNT TIT DUE OB/16/2006 INCOME AT MAT 8/16/2006 2,000.000.non 1,974,700.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY MR CASH AMOUNT 8/16/2006 1110 0000 0.00 2,000,000.000 8/16/2006 non 25,300.00 TRADING BROKER NON-BROKER TRADE, BOSTON 000099% 0.00 2,000,000.G0 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062279OD1406 SEC ID:36959JHG1 REG:DTC DMWM V PAY-PD GOVERNMENT NATL MTG ASSN GM REMIC PASS THRU SECS REMIC TR 2000.9 CL 8/16/2006 -6.990.000 6,990.00 RECD PRBI AMORT FOR AUGUST RECD GIT FOR AUGUST ON 319,135.92 UNITS 8/16/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/16/2006 0.00 1,560.77 CLEARING BROKER NON-BROKERTRADE,BOSTONOOW9999 0.00 8,550.77 CMS REF: I062280000631 SEC ID:3837H4NX9 REG:FRB DELIVERY PAY- ELL CR GROUP INC MEDIUM TERM SR M'S BOOK ENTRY BANE ONE CHICAGO 8/15/2006 -400,000.000 401,140.00 TRANCHE 8/l6/2006 100.2850 0.00 TRADING BROKER Gas SECURITIES LLC,STAMFORD 00000642 8/16/2006 0.00 5,103.54 CLEARING BROKER UBS SECUR7IES LLC, STAMFORD 00DO0642 0.00 406,243.54 CMS REF: 1062270125944 CLIENT REF.680002030026638 SEC ID: 12560PDVO REG: DTC GENERAL ELEC CO ITT DTD 12/09/2005 VAR RATE 12/09/2008 8/15/2006 -600,000.000 600,276.00 TRADING BROKER LEHM AN DOW SECS INC,NY 00000636 8/16/2006 100.0460 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000636 8/16/2006 0.00 6,032.17 CMS REF: 1062270108573 CLIENT REF.6BM2030026630 0.00 606,3G8.17 SEC ID:369604BBS REG: DTC GOLDMAN SACHS GROUP I NC SR NT DTD 06/28/2005 VAR RATE 06/28/2010 8/15/2006 -400,000.000 402,148.00 TRADING BROKER UPS SECURITIES LLC,STAMFORD 000OD642 8/16/2006 100.5370 0.00 CLEARING BROKER OHS SECURITIES LLC,SEAM FORD 00000642 8/16/2006 0.00 3,152.33 CMS REF: 1062270125940 CLIENT REF:68DO02030026639 0.00 405,300.33 SEC 03:38143LED2 REG: DTC 1012412006 2:51:14PM PDT 69 Wo.k rh Q McIIOn Custody Transaction History Report ID: CUA356 Beee Currency: USD 2'.6r 11112 1 6 2/,I11171I'1 7/3 /2006 - 9 /29 /2006 0000000 Trade/ Ex Dale Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount IISIIC FIN CORP MBUNM If NI'S IIOOK KNI'RY IRANCIIF:# I R 00007 D'[1 8/15/,!006 1,00000000 602,802B0 TRADING DRUM R:BANC OF AM FIRICA SECS I.I,C,CHARLOTTE."00773 8/16/2U06 100A670 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE 00000773 8/16/2006 0.00 569.59 CMS REF: 1062270106163 CLIENT HER 680002030026628 0.00 603,371.59 SEC ID:40429JAG2 REG:DTC MORGAN STANLEY DTD 01/1312004 VAR RATE 01/12/2007 8/15/2006 -400,000.000 400,340.00 TRADING BROKER:BANC OF AMERICA SECS LLC,CHARLOTTE 00000773 a(16/2006 100.0850 0.00 CLEARING BROKER BANC OF AMERICA SECS LUC,CHARLOTTE 00000773 8/16/2006 0.00 2,193.33 CMS REF: 1062270106162 CLIENT REF.6SM2030026629 0.00 402,533.33 SEC ID:61746BAK2 REG: DTC SALOMON SMITH BARNEY HMOs INC MEDIUM TERM SR NTS BOOK ENTRY 8/15/2006 -500 000.000 501.090.00 TRADING BROKER:CHASE SECURITIES,NEW YORK 00000187 8/16/2006 /00.2100 0.00 C LEAPING BROKER:CHASE SECURITIES,NEW YORK 00000187 8/1612006 0.00 1,195.57 CMS REF: 1062270125961 CLIENT REP680002030026640 0.00 502,285.57 SEC M:79548E1P8 REO: DTC UNITED STATES TREASURY NTS DTD 12/15/20033318%12/15/2008 8/15/2006 -42,000.000.000 40.582,500.00 TRADING BROKER UBS SECURITIES LLC,STAMFORD 00000642 8/16/2006 96.6250 0.00 CLEARING BROKER UES SECURITIES LLC.Sr AM FORD 00000642 8/16/2006 0.00 240,122.95 CMS REF: 1062270109069 CLIENT REP:680002030026631 0.00 40.822,622.95 SEC ID:912828Br6 REG:FRB UNITED STATES TREASURY NT DTD 02115/2005 3 1/2%02/IS/2010 8/15/2006 -8,200,000.000 7,839.328.13 TRADING BROKE R:BARCIAYS CAPITAL INC, NEW YORK 00007256 8/16/2006 95.6016 0.00 CLEARING BROKER BARC LAYS CAPITAL I NC,NEW YORK 00007256 8/16/2006 0.00 779.89 CMS REF: 1062270115726 CLIENT REF:680002030026635 0.00 7,840,108.02 SEC ID:912828DLI REG: FRS UNITED STATES TREASURY NOTES DTD II/15/20054.500% 111 IS/2010 8/15/2006 -11,900,000.000 11.735,445.31 TRADING BROKER:CITiOROUP OBL MKTS/SALOMON,NEW YORK 00000274 8/16/2006 98.6172 0.00 CLEARING BROKER CITTGROUP OBL MKTS/SALOMON,NEW YORK 000D0274 8/16/2006 0.00 135,330.16 CMS REF: 1062270109900 CLIENT REP.680002030026634 0.00 11,870,775.47 SEC ID:912828EM8 REG:FRB UNITED STATES TREASURY NOTE DTD 12/31120054.375% 12/31/2007 8/15/2006 -32,200,000.000 31.915.734.38 TRADING BROKER CITIOROUP OBL MKTS/SALOMON,NEW YORK 00000274 8/16/2006 99.1172 0.00 CLEARING BROKER CIDOROUP OBL M KTS/SALOMON,NEW Y ORK 000D0274 8/16/2006 0.00 179,921.88 CMS REF: 1062270109898 CLIENT REP.68DDD2030026633 0.00 32,095,656.26 SEC ID:912828ER7 REO: FRB 1'-`14/2ir I-' 4PMi or i 1 1 ( l V 1 f I 1 1 i 1 1111.k1e,i.. Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2' 6 '.'21621, 17 7/3 /2 006 - 9 /29 /2 006 000 0000 Trade/ Ex Date Units - Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee . Net Local Amount CREW] SUISSE PIRS't BGSTON IN'1'LLTD REPURCHASEAGREVMENI'D3'D 8/16/2006 -11,800,01II)000 11,800.000 U0 08/15/2006 8/16/2006 100.0000 0.00 CLOSE FOR 1062270094395 8/16/2006 000 1,714.28 TRADING BROKER:CREDIT SUISSE,NEW YORR (CSFBUS3KK%I 00000355 0.00 11,801,714.28 CLEARING EP: BROKER: CREDIT SUISSE,NEW YORK(CSFBUS3JXX)I 00000355 CMS REF: 108SIG4 D0212 REG: 9EC 03:9 9958 51 64 REG:REPO Total DM WER V PAY- FILL( I Total Principal: 106,760,803.62 Total Commission: 0.00 Total Income: 576,115.69 Total Net: 107,366,919.51 FEAR IN RELFA E -BVY DREYFUS TREASURY CASH MANAGEMENT 8/16/2006 0.000 -35.976.78 BOUGHT DREYFUS TREASURY CASH 8/16/2006 0.0000 0.00 CMS REF: IM2280203326 8/16/2006 0.00 0.00 SEC ID:996OBS247 REG:05 0.00 .35,976.78 DREYFUS TREASURY CASH MANAGEMENT 8/16/20G6 0.000 .583.502.92 BOUGHT DREYFUS TREASURY CASH 8/16/2006 0.0000 0.00 CMS REF: 1062280203327 8/1612006 0.00 0.00 SEC 03:996085247 REG:05 0.00 ,583,502.92 Total MAR IN RELEA E -BUY (2l Total Principal: ,619,479.70 Total Commission: 0.00 Total Income: 0.00 Total Act: ,619,479.70 F REI AN LDER RELEA E- D GOVERNMENT NATL MTO ASSN OTD REMIC PASS THRU TR 2003-97 CL DU 4% 8//1/2006 0.000 0.00 INTEREST ON 1000000.00 PAYABLE 081606 8/16/2006 0.0000 0.00 CMS REF: 1062270021771 8/16/2006 0.00 3,333.33 SEC ID:38374EYK7 0.00 3,333.33 A R WITHDRAWAL - W F/%TRANSACTION 8/16/2006 0.000 40,000,000.00 TRAN 30 ORANGE COUNTY 8/16/2006 0.0000 0.00 CMS REF: 1062280150773 8/16/2006 0.00 0.00 0.00 -40,000,000.00 Total U. . D LI IiR(U DI (23) Total Principal: 470,979.63 Total Commission: 0.00 Total income: 470,979.63 Total Net: 0.00 1012412006 2:51:14PM PDT 71 Workbench Mellon Custody Transaction History Rep<rtM: CUA356 Hose Currency: USD 26 f.2162/,. 7 7/3/2006 - 9 /2 9/2 006 000 DODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount 8/17/2006 U. . D LLAR(U DI RE ENE V PAY-BUY COMMITMENTTO PURCHASE FNMA SINGLE FAMILY MORTGAGE 5%08/01/2021 7/12/2006 4,000,000.G00 -3,847,500.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 8/17/2006 96.1875 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 8/17/2006 0.00 0.00 CMS REF: 1061930114918 CLIENT REF670OD2D30026303 0.00 -3,847.500.00 SEC m:O1FU50486 REG:PAIR UNITED STATES TREASURY BILL DTD 03/16/2006 DUE 09/14/2006 8/17/2006 5.800.000.000 -5,777,128.67 TRADING BROKER LEHMAN GOVT SECS INC,NY 00000636 8/17/2006 99.6057 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY OD000636 8/17/2006 0.00 0.00 CMS REF: 106 2290 0524 10 CLIENT REF:68DD06030OD9473 0.00 -5,777,128.67 SECID:912795XV8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/17/2005 OS.MOD% 8/17/2006 11,800,000.000 -I1,BGO,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)WQ 00000355 8/17/2GO6 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 8/17/2006 0.00 0.00 CMS REF: 1062290079709 0.00 -11,8G0,000.00 SEC 00:994MWI65 RED:REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD US/17/200605.2000% 8/17/2006 37,200,000.000 -37,200,G00.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33X)G7 OD000355 8/17/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 8/17/2006 0.00 0.00 CM8 REF: 1062290085380 0.00 -37.200,000.00 SECm:99458W165 REG:REPO Total RE ENE V PAY -BUY (4) Total Principal: -68,624,628.67 Total Commission: 0.00 Total Income: 0.00 Total Net: .58,624,628.67 DELIVER V PAY-MT UNITED STATES TREASURY BILL DTD 02/16/2006 DUE 08/17/2006 8/17/2006 -6.400,000.000 6,310,035.05 PROCEEDS RECEIVED AS A RESULT OF MATURITY FOR CASH AMOUNT 8/17/2006 100.0000 0.00 6,400,000.000 8/17/2006 0.00 89,964.95 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 0.00 6,400,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 000N999 CMS REP: 10622890(10747 SEC ID:912795)(117 REG: FRB DELIVER V PAY- ELL f-''4/21r' I-- .4PM, DT j � � �.. . .... . I I I 1 I I I 1 1 I I _ I I I I I ©/ Mellon Custody Transaction History Report m: CUA356 Bau Currency: USD 2 6 :2162/,' 7 7/3 /2006 - 9/29/2006 DOD D000 Trade/ Ex Date Units ' Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount COFIMITME,NI TO PURCHASE FNMA SINGLE FAMILY M0MGAGF.5%08/01/2021 8/14/2006 -4.000,000,000 3881,718.75 NE-TGA0434218.75 8/17/2006 97.0430 0.00 TRADING BROKER CRED1TSUISSE,NEWYORKICSFBU533XXXI 00000355 8/17/2006 0.00 0.00 CLEARING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 3,881,718.75 CMS REF: 1062260092764 CLIENT REF.68OW2030026623 SECID:01F050486 REG:PAIR CS FOB CAT I REPO REPURCHASE AGREEMENT DID 08116/200605.1800% 8/17/2006 -36,800.000.000 36,800,OG0.00 CLOSE FOR 1062280M5318 8/17/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33XXX100000355 8/17/2006 0.00 5,295.11 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33X)M 00000355 0.00 36.805,295.11 CMS REF: 1062290000137 SEC ID:99458U326 REG: REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/i6/2OD505.1800% 8/17/2006 -11.200.000.000 11,200,000.00 CLOSE FOR ID62280096250 8/l7/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBU533X)QQ 00000355 8/17/2006 0GO 1,611.56 CLEARING BROKER CREDNSUISSE,NEW YORK(CSFBUSMXXX)00X0355 0.00 11,201,611.56 CMS REF: 1052290000168 SEC ID:994581.026 REO: REPO Total DELVER V PAY- ELL(3) Total Princlpal: 51,881,718.75 Total Commission: 0.00 Total Income: 6,906.67 Total Net: 51,888,625.42 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 8/17/2006 0.000 -28,186S9 BOUGHT DREYFUS TREASURY CASH 8/17/2006 0.0000 0.00 CMS REF: 1062290176460 8/17/2G06 0.00 0.00 SEC ID:996085247 REG:05 0.00 -28,186.89 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 8/17/2006 0.000 296,142.39 SOLD DREYFUS TREASURY CASH 8/17/2006 0.0000 0.00 CMS REF: 1062290176462 8/17/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 296,142.39 F REI NH LDER RI LEA E- D COUNTRYWIDE BK ALEXANDRIA VA CTF DEP DTD 03/15/2006 VAR RATE 8/15/2006 0.000 0.00 RECD INT ON 800000.000 UNITS PAY 08/15/06 RATE 0.00% 8/15/2006 0.0000 0.00 CMS REF: 10522W 1091 8/17/2006 0.00 3,704.00 SEC ID:2223BYHU0 0.00 3,704.00 10/24/2006 2:51:14PM PDT 73 Wor cncA ® Mellon Custody Transaction History Report CUA356 Base Currency: USD 21161)Q12H62/, 711 7/3/2 006 - 9/29/2 006 000 DODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actnal Settlement Date Miss. Expense Income FX Fee Net Local Amount I'1'IOERAL HOME LN HKS(I ONS HUITID UK/17/2(M)435/8°n68/ 17/2007 8/17/2,006 0.000 0.00 RECINTON3.550000.000UNM. I'AYG8/17/06IEATEO.018 8/17/2006 00000 0.00 CMS REF: 1062290011775 8/17/2006 000 64,343.75 SEC ID:3133X7YG3 0.00 64,343.75 Total F REI R R LDER RELEA E- D 12) Total Principal: 0.00 Total Commission: 0.00 Total Income: 68,047.75 Total Net: 68,047.75 Total U. . D LIAR(U D) 1 2) Total Prinelpal: -164,919.37 Total Commisalon: 0.00 Total Income: 164,919.37 Total Net: 0.00 8/18/2006 U. . D LLAR III DI RE EIVE V PAY -BUY FEDERAL HOME LN MTG CORP DISC NTS MATURES NOVEMBER 14,2006 INCOME 8/18/2006 100,000.000 -98,742.33 AT 8/18/2006 98.7423 0.00 TRADING BROKER:GOLDMAN SACHS A CO,NY 00000005 8/18/2GO6 0.00 0.G0 CLEARING BROKER GOLDMAN SACHS A CO, NY 00000005 0.GO -98,742.33 CMS REF: 106 2300 0715 90 CLIENT REF:680006030009479 SEC ID:313397P47 REG:FRB FEDERAL NATL MTG ASSN MEDI UM TER M NTS DTD 0 1/28/2005 4.51% 8/17/2GO6 2.500,000.000 -2,423,250.00 07/27/2010 8/18/2006 96.9300 0.00 TRADING BROKER FINACORP SECURITIES,JERSEY CDY OODSM90 8/18/2006 Ono -6,577.08 CLEARING BROKER PERSHING LLC,JERSEY CITY 00000443 0.00 -2,429,827.08 CMS REF: 1062290108B54 CLIENT REF:680002030026657 SEC IM 3136F6WX3 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/18/20D605.1500% 8/18/2006 11,800,000.000 -11,800,000.00 TRADING BROKER CREDIT SUISSE, NEWYORK(CSFBUS33)000000DO355 8/18/2006 100.0000 0.00 CLEARINO BROKER CREDrr SUISSE,NEW YORK(CSFBUS33XXX(00000355 8/18/2006 0.00 0.00 CMS REF: 1062300090228 0.00 -11,800,000.()0 SECID:99458Y237 REO:REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 08/18/2006 05.1500% 8/18/2006 36,900,000.000 -36,900,000'00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33XX1000000355 8/18/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(C.9FBUS33)(XX(00000355 8/18/2006 0.00 0.00 CMS REF: 1062300090627 0.00 -36,900,000.00 SEC 10:9945BY237 REG:REPO T/1,.,.1412rr,I I" '4PMt ^UT I I I I i i i I 1 1 1 I 1 I I /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total BE El VE V PAY - BUY (41 Total Principal: -51,221,992.33 Total Commission: 0.00 Total I.eome: -6,577.08 Total Net: -61,228,569.41 DELIVERV PAY. ML FEDERAL HOME LN DEB CONS BD DTD 06/22/2WS 4 1/2%06/22/2010 8/17/2006 -2,000,000.000 1,953,280.00 TRADING BROKER:UB.9 SECURITIES LLC,STAMFORD 000OD642 8/18/2006 97.6640 0.00 CLEARING BROKER: UBS SECURITIES LLC,STAMFORD 00000642 8/18/2006 0.00 14.000.00 CMS REF: 106229012WM CLIENT REF:680002D30026658 0.00 1,967,280.00 SEC ID:3133XO6Y4 RE.'G:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/17/200605.2000% 8/18/2006 -11,800,000.000 11,800,000.00 CLOSE FOR 1052290079709 8/18/2006 100.0000 0.00 TRADING BROKER:CREDR BUISSE,NEWYORK(CSFBUS33XXX)00000355 8/18/2906 0.00 1,704.44 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 0.00 11,801,704.44 CMS REF: 1062300000045 SEC ID:99458W165 RED:REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 08/17/2006 05.2000% 8/18/2006 -37,200.000,000 37,200,000.00 CLOSE FOR 1062MDB5380 8/18/2006 100.0000 0.o0 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBU833)OXX(000DO355 8/18/2006 0'00 5,373.33 37,105,373.33 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBUS33XXKI 00DO0355 000 CMS REF: 1062300000115 SECID:99458W165 REG:REPO Total D&f.IVER V PAY- ELL(3) Total Principal: 50,953,280.00 Total Commission: 0.00 Total Income: 21,077.77 Total Net: 50,974,357.77 EL. - am DREYFUS TREASURY CASH MANAGEMENT 8/18/2006 0.000 97,03TS9 SOLD DREYFUS TREASURY CASH 8/18/2006 0.0000 0.00 CMS REF: 1062300152220 8/18/2006 0.00 0.00 SECID:996085247 REG:US 0.00 97,037.89 DREYFUS TREASURY CASH MANAGEMENT 8/18/2006 0.000 37,939.65 SOLD DREYFUS TREASURY CASH 8/1 8/20M 0.0000 0.00 CMS REF: 1062300IS2221 8/18/2006 0.00 0.00 SEC ID:9 9608 52 47 REG:05 000 37,939.65 Total ELL - ELL (2) Total Principal: 134,977.54 Total Commission: 0.00 Total Income: 0.00 Total Net 134,977.54 10/24/2006 2:51:14PM PDT 75 Workbench Mellon Base Transaction History Rcport ID: CUA356 rr/G{ij// Base Currency: USD 211612M2162/,U1j7U'1 7 /3 /2006 - 9 /29 /2006 000 00D0 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local llmodlt. F REI N H LDER RELEA E- D FEDERAL{TOME LN BKS CONS BD DTD 02/I8/2004 4%02/18/2009 8/18/2006 0.000 0.00 REC INT ON 5000D00.000 UNITS PAY OB/18/06 RATE 0.020 8/18/2006 0.0000 0.00 CMS REF: 106230DOM58 8/18/2006 0.00 100,000.00 SEC ID:3133X3ZX4 0.00 100,000.00 FEDERAL NATL MTG ASSN MEDIUM TERM NTS STEP CM 3 1/4%TO 8/06;4 1/2% 8/18/2G06 OBDO 0.00 RECD INT ON 62100D.000 UNITS PAY 08/18106 RATE 0.0162 8/18/2006 0.0000 0.00 CMS REF: 1D62300068890 8/18/2006 0.00 10,091.25 SEC 0:3136P5AV3 0.00 10,091.25 TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK ENTRY MANCHE 4 TR 00413 8/18/2006 0.000 0.00 DTD 8/18/2006 0.0000 0.00 RECD INT ON 2000D00.000 UNITS PAY 08/18106 RATE 0.0045 8/18/2006 0.00 9,142.85 CMS REF: 1062300103345 0.00 9,142.85 SEC ID:89233PIE(i Total F RBI N H LDER RELBA E- D 13) Total Principal: 0.00 Total Conarnbeen: 0.00 Total Income: 119,234.10 Total Net: 119,234.10 Total U. . D LLAR(U D) ( 2) Total Principal: ,133,734.79 Total Commlaslon: 0.00 Total Income: 133,734.79 Total Net: o.DO 8/21/20G6 U. . D LLAR(U D) RE FIVE V PAY - BUY CREDIT SUISSE FIRST BOSTON REPURCHASEAGREEMENf DTD 08/21/20D6 8/21/2006 37,000,000.000 .37,000,000.00 TRADING BROKER CREDIT BUISSE,NEW YORK(CSFSLIS33XXX)00000355 8/21/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000365 8/21/2006 0.00 0.00 CMS REF: 1062330ON886 0.00 -37,000,000.00 SEC to:9945BY757 REG:REPO CREDIT SUISSE FIRST BOSTON REPURCHASE AOREEMENr DTD 08/21/20D6 8/21/2006 11,800,000.000 .11,800,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)000DO355 8/21/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33XX))00000355 8/21/2006 0.00 0.00 CMS REF: 1062330087075 0.00 -11,800,000.00 SEC m:99458Y757 REG:REPO i`14/29P4 ic"14PMr 'B r r r r r 7( i i i 1 1 1 I I 1 I I i 1 @ Mellon Custody Transaction History Report ID: CUA356 Bxee Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2006 000 OODD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total RE RIVE V PAY - BUY (21 Total Principal: -48,800,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: A8,800,000.00 DELVER V PAY-PD DOW NAIL MTG ASSN 11 PASS THROUGH POOL BW23 VAR RATE 12/20/2026 8/1/2006 -815.970 815.97 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 96.606.00 UNITS 8/21/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8121/2006 0.00 412.59 CLEARING BROKER: NON-BROKER TRADE,BOSTON 0000999) 0.00 1,228.56 CMS REF: 1062200074394 SEC ID:36225CAZ9 REG:FRB DOW NATL MTG ASSN II PASS THROUGH POOLO80088 VAR RATE 6/20/2027 8/l/2006 -3,317.840 3,317.84 RECD PRIM AMORT FOR JULY RECD INT FOR JULY ON 122,045.M UNITS 8/21/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/21/2006 0.00 546.66 CLEARING BROKER NON-BROKER TRADE,BOSTON 0000)W9 0.00 3,864.50 CMS REF: 1062200074397 SEC ID:3622SOC20 REG: FRB DOW NAIL MTO ASSN II PASS THROUGH POOL 80395 VAR RATE 4/20/2030 %/1/2006 -3,258.830 3,258.93 RECD PRW AMORT FOR JULY RECD INT FOR JULY ON 98,394.79 UNITS 8/21/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON OD009999 8/21/2006 0.00 440.73 CLEARNG BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,699.56 CMS REF: 1062220003255 SEC D:36MSCNM4 REG: FRB DOW NAIL MTG ASSN I(PASS THROUGH POOL 080408 VAR RATE 5/20/20M 8//1/2006 -32,829.150 32,829.15 RECD PRIN MOW FOR JULY RECD ENT FOR JULY ON 846,920.93 UNITS 8/21/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/21/2006 0.00 3,793.51 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DW999 0.G0 36.622.66 CMS REF: 1062200074391 SEC ID:36225CN28 REG: FRB GOVT NAIL MTG ASSN II PASS THROUGH POOL 80965 VAR RATE 7/20/2034 8//1/2006 .29,448.260 29,448.26 RECD PRIN AMORr FOR JULY RECD PIT FOR JULY ON 801,522.81 UNITS 8%1/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/21/2006 0.00 3,005.71 CLEARING BROKER NUN-BROKER TRADE,BOSTON 00009999 0.00 32,453.97 CMS REF: I062200074387 SEC m:36225DCB8 REG:FRB Total DELVER V PAY-PD(5) Total Principal: 69,670.05 Total Commission: 0.00 Total Income: 8,199.20 Total Net: 77,869.25 DELIV ER V PAY - ELL 10/24/2006 2:51L14PM PDT 77 Workbench ® Mellon Custody Transaction History Report ID: Cu"S6 Bee. Currency: USD 21i61111112 1 6 2/,111111' 7/3/2006 - 9/29/2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount I (II CAI I Rb:IV 1dFI4iM IASI! AORI?RMNNI' l)ID 08/I8/200605.150(1% 8/21/2006 -11,800(ID0.000 11,800.000,00 CLOSE FOR 106230ON0228 8/21/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFB1Ai33?CM 0G000355 8/21/2006 000 5.064.17 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 11,805,064.17 CMS REF: 1062330000120 SEC ID:9945BY237 REG:REPO CSFOB CAT I REPO REPURCHASE AGREEMENT DTD08/18/200605.1500% 8/21/2006 -36,900,000,000 36,90 .000.00 CLOSE FOR 1062300090627 8/21/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NE W YORK(CSFBUS33XVQ 00DO0355 8/21/2006 0.00 15,836.25 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)X)Q DOOD0355 0.00 36,915,836.25 CMS REF: 10623300DO132 SEC ID:9945BY237 REG:REPO Total uMMER V PAY. BLL(2) Total Principal: 48,700,000.00 Total Commission: 0.00 Total income: 20,900.42 Total Net: 48,720,900.42 61113it IN M16MA B -BUY DREYFUS TREASURY CASH MANAGEMENT 8/21/2006 0.000 -5,064.17 BOUGHT DREYFUS TREASURY CASH $121/2006 0.0000 0.00 CMS REF: 10623301619M 8/21/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 .5,064.17 DREYFUS TREASURY CASH MANAGEMENT 8/21/2006 0.000 .1,705.50 BOUGHT DREYFUS TREASURY CASH 8/21/2006 0.0000 0.00 CMS REF: 1062330161981 8/21/2006 0.00 0.00 SEC 8):9 9608 52 47 REG:05 0.00 -1,705.50 Total MAR IN NELEA E -BUY (2) Total Principal: .6,769.67 Total Commission: 0.00 Total Income: 0.00 Total Net: -6,769.67 FRO N H LDER RBLBA E- D FEDERAL HOME LN MIX)CORD MEDIUM TERM NTS FED BOOK ENTRY DTD 8/21/2006 0.000 O.GO REG INT ON 400000.000 UNITS PAY 08/21/06 RATE 0.020 8/21/2006 0.0000 GAO CMS REF: 1062330011271 8/21/2006 0.00 8,000.00 SEC ID:3128XIY24 0.00 8,0GO.00 Total U. . D LLAR(U D) ( 2) Total Principal: .37,099.62 Total Commission: 0.00 Total Income: 37,099.62 '3 Total Net: 0.00 y.. .4PA lb "Dr i t 1 1� 1 1 1 1 i i I I ,,,.._kbe,r. Mellon Custody Transaction History Report ID; CUA3S6 Base Currency: USD 2 6 2162/, 7 7/3 /2 006 - 9/29 /2 006 000 0000 Trade/ Ex Date Units - .Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount 8/22/2006 U. . D LIAR(U D) RE FIVE V PAY -EDY CSFOB CAT l REPO REPURCHASE AGREEMENT DTD O8/22/2006 05.180D% 8/22/2006 11,800,G00.000 -11,800,000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CBFBUS33)WQ 000DO355 8/22/2006 IGO.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33)0OQ 00000355 8/22/2006 0.00 0.00 CMS REF: 106234OW1228 0.00 -11,800,000.00 SEC IN:994598996 RED:REPO LEHM AN CATEGORY 2 REPURCHASE AGREEMENT DTD 08/22/200605.180D% 8/22/2006 37,000,D00.000 -37,000,000.00 TRADING BROKER LEHMAN GOUT SECS INC,NY ODOOD636 8/22/2006 100.0000 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 8/22/2006 0.00 0.00 CMS REF: 459CI 0 REG' 0oo -37,000,000.00 SEC ID:99959CI92 ftEG:REPO Total RE EIVE V PAY -BUY RI Total Principal: 4B,800,000.00 Total Commission: 0.00 Total Ineome: 0.00 Total Net: 48,800,000.00 DELMER V PAY- ELL CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENT DTD 08/21/2006 8/22/2006 -37,000,000.000 37.000.000.00 CLOSE FOR IM2330086886 8/22/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORKICSFBUS33Xh7Q 00DO0355 8/22/2006 0.00 5,313.61 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXXI 00000355 0.00 37,005,313.61 CMS REF: 1062340000128 SEC M:99458Y757 REG:REPO CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENT DID 08/21/2006 8/22/2006 -11,800,000.000 i1,8G0,D00DO CLOSE FOR 1062330W7075 8/22/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEWYORK(CSFBLB33)D)Q 00000355 8/22/2006 0.00 1,694.61 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 0.00 11,801,694.61 CMS REF: 1062340000130 SEC 1D:99458Y757 REG:REPO Total DELNER V PAY- ELL 12) Total Principal: 48,800,D00.00 Total COMM' elan: 0.00 Total Income: 7,D08.22 Total Net: 48,807,008.22 ABAA IN REI.EA E-BUY DREYFUS TREASURY CASH MANAGEMENT 8/22/2006 0.000 -1.694.61 BOUGHT DREYFUS TREASURY CASH 8/22/2006 00000 0.00 CMS REF: 1062340161473 8/22/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,694.61 1012412006 2:51:14PM por 79 Workbench 0 Mellon Custody Transaction History Report Br. CUA356 Rue Currency: Ban 2 6' ''2162/,II'1711'1 7/3 /2006 - 9/29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount DR1,YFUS I'RI A¢UP) I ASII MANAGENIEN1' 8/22/2006 011U0 -23,586A5 BOUGHT DRJ1YFl1S TREASURY CASH 8/22/2001, 0.0000 0.00 CMS REF: 1062340161474 8/22/2006 0,00 0.00 SEC ID:996085247 REG:05 0.00 .23,586.15 Total MAR IN RELEA E - BUY (21 Total Principal: 46,280.76 Total Commission: 0.00 Total income: 0.00 Total Net: -25,280.76 F RBI N R LDER RELEA E- D HEWLETT PACKARD CO GLOBAL NT DTD 05/26/2006 VAR RAPE 05/22/2009 8/22/20D6 0.000 0.00 RECD INT ON 1400000.000 UNITS PAY 08/22/06 RATE 0.0130 8/22/2006 0.0000 0.00 CMS REF: 1062340157390 8/22/2006 0.00 18,272.54 SEC ID:428236AJ7 0.00 18,272.54 Total U. . D LLAR(U DI i71 Total Principal: -25,280.76 Total Commission: 0.00 Total Income: 25,280.76 Total Net: 0.00 8/23/20(X U. . D LIAR(U D( all EIVE V PAY -BVY UNITED STATES TREASURY NTS DTD I2/15/2OD333/8%12/15/2008 8/15/2006 42.000,000.000 -4 ,596.507GO TRADING BROKER USE SECURITIES LW,STAMFORD 000OD642 8/23/2006 96.6584 0.00 CLEARING BROKER USE SECURITIES LLC,SrAMFORD 000DO642 8/23/2006 0.00 -267,233.61 CMS REF: 1062270110638 CLIENT REP.680002030026632 0.00 -40,863,740.61 SEC m:912828131`6 REG:FRB UNITED STATES TREASURY NT DTD II/30/200427/8%11/30/20011 7/18/2006 10.500,000.000 -10,435,682.99 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33X)KQ 000D0355 8/23/2006 99.3875 0.00 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBUS33XXX)000W355 8/23/2006 0.00 .69,282.79 CMS REF: 106 1990 1048 06 CLIENT REF:670002030026320 0.00 -10,504,965.78 SEC ID:912828DD9 REG:FRB UMTEDSTATESTREASURYNTSDTDI2/15/200431/2%12/15/2009 %/7/2006 2.000,000.000 -1,918,197.82 TRADING BROKER rI UBS SECURES LLC,STAMFORD ODOOD642 8/23/2006 95.9099 0.00 CLEARING BROKER UBS SECUP171ES LLC,SrAMFORD 00000642 8/23/2006 0.00 43,196.72 CMS REF: 1062190092938 CLIENT REF.6SM2030026594 0.00 -1.931,394.54 SEC ID:912828DE7 REO: FRB pn ^,n4/29r' I" '4PAII 'Dr � � � � � ■ � � � � � � � � nl. kyarfk Q McIIOn Custody Transaction History Report M. CUA356 Bass Currency: USD 2 6 2162/, 7 7/3 /2006 - 9/29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount UNITED STATES TRF..1SURY NT DTV 03/31/2W533/4%03/31/2007 7/18/2006 7,500,000.000 7.431,358,13 TRADING BROKER:OHS SECURITIES LLC,STAMFORD 00000642 8/23/2006 99.0848 0.00 CLEARING BROKER UBS SECURITIES LUC,STAMFORD 000DOM2 8/23/2006 0.00 -111,424.18 CMS REF: 106 1990 1114 48 CLIENT RER 670002030026322 0.00 -7.542,782.31 SECID:912828DQO REG:FRB UNITED STATES TREASURY NOTE DTD 05/31/2005 3 1/2%05/31/2007 7/18/2006 24,000,000DOO -23,679.292.08 TRADING BROKER:USE SECURITIES LLC,STAMFORD 00000642 8/23/2006 98.6637 0.00 CLEARING BROKER UBS SECURITIES LLC,STAMFORD 00000642 8/23/2006 0.00 -192.786.89 CMSREF: 10619WI11557 CLIENT RER670002030026324 0.00 -23,872.078.97 SECID:912828DW7 REG:FRB UNITED STATES TREASURY NOTES DTD W/31/2W54%08/31/20D7 8//3/2006 3,000,000.000 -2.968,477.92 TRADING BROKER:MERRI L LYNCH PIERCE FENNER SMITH INC NY OOOD0161 e/33/2006 98.9493 0.00 CLEARING BROKER MERRIL LYNCH PIERCE FENNER SMITH INC NY OD000161 8/23/2006 0.00 -57,391.30 CMS REF: l06 2150 1279 28 CLIENT REF:68000203002b509 0.00 -3,025,869.22 SECID:912828EM REG:PRB UNITED STATES TREASURY NOTES DTD 11/15/20054.500% 11/15/2010 7/18/2006 49,300,000.000 -48,207,990.70 TRADING BROKER:USE SECURITIES LUC,STAMFORD DD000542 8/23/2W6 97.7850 0.00 CLEARING BROKER USE SECURITIES LLC,SFAM FORD 00000642 8/23/2006 0.00 -602,853.26 CMS REF: 1061990111558 CLIENT REF:670002030026326 0.00 -48,810,843.96 SEC ID:912828EMB REG:FRB CREDIT SUISSE FIRST PO3TON REPURCHASE AGREEMENT DTD 08/23/2006 8/23/2006 11,800,000.000 -11,80W,000.00 TRADING BROKER:CREDIT BUISSE, NEWYORK ICSFBUS33RKKI 00000355 8/23/2006 100.0000 0.00 CLEARING BROKER CREDITSUISSE,NEW YORK ICSFBUS33XXXI 00000355 8/23/2006 0.00 0.00 CMS REF: 1062350083967 0oo -11,800,000.00 SEC ID:99459D356 REG: REPO CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENT OTD 08/23/2006 8/23/2006 2,700,000.000 -2,700,000.00 TRADING BROKER:CREDIT SUISSE.NEWYORK ICSFHUS33XXXI 00000355 8/23/2006 100,0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXXI 00000355 8/23/2006 0,00 0.00 CMS REF: 1062350085086 0,00 -2,700,000.00 SEC ID:99459D356 REG: REPO Total RE EIVE V PAY -BUY (9) Total Principal: ,149,737,506.64 Total Commission: 0.00 Total income: -1,314,168.75 Total Net: -151,051,675.39 DBLTYER V PAY- ELL FEDERAL HOME LN BKS CONS BD STEP CPN 21/2%TO 07/04 THEREAFTER 8/22/2006 -6.000.000.000 5,838,000.00 TRACI NO BROKER:ME WILL LYNCH PIERCE FENNER SMITH INC NY 00000161 8/23/2006 97.3000 0.00 CLEARING BROKER MERRILL LYNCH PIERCE FEKNER SMITH INC NY OOOOO 161 8/23/2006 0.00 24,666.67 CMS REF: 1062340073738 CLIENT REF:680002030026675 0.00 5,862,666.67 SEC ID:31339XRF3 REG:FRB 10/24/2006 2:51:14PIR PDT 81 Workb�Och ©/ Mellon Custody Transaction History Report CUA356 Base Currency: USD 2' 6 -'2162/,11'.i.7 7/3 /2 006 - 9 /2 9 /2 006 ow D000 Trade/ Ex Date Units Principal'. Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount UNTIED STATES TRKASUHr N M DTD 12/15/81s1333/8'w 12/15/2008 8/22/2006 -17,Zu00000D0 45,739,750.00 TRADING BROKER:LEIIMAN GOUT SECS INC,NY W(XI0636 8/23/2006 969063 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000536 8/23/2006 0.00 300,319.67 CMS REF: 1062340100539 CLIENT REF:680002030026678 0.00 46,040,069.67 SECID:912828BT6 REG:FRB UNITED STATES TREASURY NT DTD 11/3012004 2 7/8%11/30/2006 8/22/2006 -900,000.G00 894,656.25 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)CM 000DO355 8/23/2006 99AG63 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 8/23/2006 0.00 5,938.52 CMS REF: IM2340114140 CLIENT REF.680002030026683 0.00 900.594.77 SEC I13:912828DD9 REG:FRB UNITED STATES TREASURY NOTES DTD II/15/20054.500% 11/15/2010 7/19/20G6 -1,900,000.000 1,862.635.06 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33)OM 000DO35S B/23/2006 98.0334 0.00 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBU833XXX)00000355 8/23/2006 0.00 23,233.70 CMS REF: 10620D0107878 CLIENT RER 670002OW026329 0.00 1,885,868.76 SEC ID:912828EMS REG:FRB UNITED STATES TREASURY NOTES DTD II/IS/20054.500% 11/IS/Mm 8/15/2006 -11,900,000.000 11,734.239.19 TRADING BROKER CREDIT SUISSE, NEWYORK(CSFBUS33)Dm OOOOD355 8/23/2G06 98.6071 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBU833XXX)00000355 8/23/2006 0.00 145.516.30 CMS REF: 10622701195W CLIENT REF:68D002030026637 0.00 11,879,755.49 SEC ID:912828EM8 REG:FRB UNITED STATES TREASURY NOTES DTD 11/15/20054.500% 11/15/2010 8/22/2006 -35,5DO,000.000 35.167,187.50 TRADING BROKER:LEHMANGOVT SECS INC,NY D0000636 8/23/2006 99.0625 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY 0DOD0636 8/23/2006 0.00 434,103.26 CMS REF: 106 2340 1081 96 CLIENT REF:680002030026581 0.00 35,601,290.76 SEC ID:912828EM8 REG:FRB CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 08/22/2006 05.1800% 8/23/2006 -11.8()0,000.000 11.800,000.00 CLOSE FOR 1062340071228 8/23/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33XXK)000D0355 6/23/2006 0.00 1.697.89 CLEARING BROKER CREDITSUISSE,NEW YORK(CSFBU833X)(XI 00000355 0.00 11,801.697.89 CMS REF: 10623500DO031 SEC ID:99459B996 REG:REPO LEHMAN CATEGORY 2 REPURCHASE AGREEMENTDTD 08/22/200605.1800% 8/23/2006 -37,000,000.000 37,000,000.00 CLOSE FOR 1062340084439 8/23/2006 100.0000 0.00 TRADING BROKER LEHMANGOVT SECS INC,NY 00000636 8/23/2006 0.00 5,323.89 CLEARING BROKER LEHMAN GOUT SECS INC,NY ODD00636 0.00 37,005,323.89 CMS REF: 1062350000135 SEC ID:99459CI92 REG:REPO Total DELNER V PAY• MIL(8) Total Principal: 150.036,468.00 Total Commission: 0.00 Total 1 neo me: 940,799.90 Total Net: 150,977,267.90 ••,--ALrn ,. C,..4/24/" J....4PMt -DT Er I ( I ( I I I I Mellon Custody Transaction History Re Port ID: CUA356 Basc Currency: USD 2 6 2162/, 7 7 /3 /2 006 - 9 /2 9/2 006 000 OWO Trade/ Ex Date Units Priii6loal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount MAR IN RELEA E - BUY DREYFUS TREASURY CASH MANAGEMENT 8/23/2006 0.000 -1,697.89 BOUGHT DREYFUS TREASURY CASH 8/23/2006 0.0000 0.00 CMS REF: 1052350157103 8/23/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 .1,697.89 ELL- ELL DREYFUS TREASURY CASH MANAGEMENT 8/23/2006 0.000 42,962.38 SOLD DREYFUS TREASURY CASH 8/23/2006 0.0000 0.00 CMS REF: 1062350157104 8/23/2006 0.00 0.00 SEC 0:996085247 REG:05 0.00 42,962.38 F REI NU LDER FUn A E- D CUOROUPONCMEDIUMTERMSRWSBOOKEMRYBANKONECHICAGO 8/23/2006 0.000 0.00 TRANCHE 8/23/2006 0.0000 0.00 REC INT ON 2400000.000 UNITS PAY 08/M/06 RATE 0.013 8/23/2006 0.00 33,143.00 CMS REF: 1062350010771 0.00 33,143.00 SEC ID:12560MVO Total U. . D LIAR In DI (2G Total Principal: 340,225.85 Total Commiealon: 0.00 Total income: -340,225.85 Total Net: O.GO 8/24/2DO6 U. . D LIAR to DI RE FAME V PAY -BUY HSBC FIN CORP WERNOTES BOOK ENTRY TRANCHE M TR DOM DID 08/24/2006 8/23/2006 300,000.000 -299.708.10 TRADING BROKER SEATTLE-NORTHWEST SECB CORP.SEATTLE 000D6917 8/24/2006 99.9027 0.00 CLEARING BROKER SEATTLE-NORTHWEST SECS CORD, SEATTLE 00006917 8/24/2006 0.00 0.00 CMS REP: 1M2350116038 CLIENT REF.68DO06D30009494 0.00 -299,708.10 SEC ID:40429XNB8 REG:OTC UNITED STATES TREASURY NOTES DTD 07/31/20065%07/31/2008 8/23/2006 12,800,000.000 -12.825.000.00 TRADING BROKER CHASE/GREENWICH CAP,NEW YORK ODOW230 8/24/2006 100.1953 0.00 CLEARING BROKER CHASE/GREENWICH CAP,NEW YORKOOOD2230 8/24/2006 0.00 41,739.13 CMS REF: 10623501156V CLIENT REF.680DO2030OM90 0.00 .12,966,739.13 SEC ID:91282BFM7 REG:FRB CS FOB CAT 1 REP]REPURCHASE AGREEMENT DTD 08/24/20M 05.2000% 8/24/2006 11,500,000.000 -11.500,000.00 TRADING BROKER:CREDIT BUISSE,NEW YORK(CSFBU833)XKQ 00000355 8/24/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK (CSFBUS33XX)Q 000OD355 8/24/2006 0.00 0.00 CMS REF:1062360082474 0.00 -11.500,000.00 SEC ID:99459P948 REG:REPO 10/24/2006 2:51:14PM For 83 Workbench ©/ Mellon Custody Transaction History Report ED: CUA356 Base Culrenq: USID 2 6 2162/, 7 7/3/2006 - 9/29/2006 000 0030 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total RE EIVE V PAY - NUY 13) Total Prineipal: -24,624,708.10 Total Commlaaion: 0.00 Total Incomes -41,739.13 Total Net: -24,666,447.23 DELIVER V PAY- ELL RANKAMERICA CORP DISCOUNT NT DUE 1111412006 INCOME AT MAT 8/24/2006 -6,400,000.000 6,323,175.11 TRADING BROKER:GOLDMAN SACHS&CO,NY 00000005 8/24/2006 98.7996 0.00 CLEARING BROKER GOLDMAN SACHS&00,NY ODOOM05 8/24/2006 0.00 0.00 CMS REF: IM2360059550 CLIENT REF:680002030026693 0.00 6,323,175.11 SEC m:0660P1LE9 REG: DTC UNITED STATES TREASURY NOTES DTD 07/31/20065%07/31/2008 8/24/2006 -4,000,000.000 4,008,750.00 TRADING BROKER GOLDMAN SACHS&CO,NY00000005 8/24/2006 100.2188 O.GO CLEARING BROKER GOLDMAN SACHS&00,NY 00000005 8/24/2006 0.00 13,043.48 CMS REF: 1062360081163 CLIENT RER 680002030026694 0.00 4,021,793.48 SEC ID:912828FM7 REG:FRB CREDIT SUISSE FIRST BOSTON REPURCHASE AGREEMENT DTD 08/23/2006 S/24/2OD6 -I 1,800,000.000 11,800,000.00 CLOSE FOR 1062350083967 8/24/2006 100,0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33)OM OD000355 8/24/2006 OMO 1.701.17 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33)(X)Q OW00355 0.00 11,801,701.17 CMS REF: 1062360000115 SEC ID:99459D356 REG: REPO CREDIT SUISSE FIRST BOSTON REPURCHASEAGREEMENI DTD 08/23/2006 8/24/2006 -2.700,000.000 2,700,000.00 CLOSE FOR 1062350085086 8/24/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE.NEWYORK(CSFBU833XXX100000355 8/24/2006 0.00 389.25 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)DM 00000355 0.00 2,700,389.25 CMS REF: 10623WOOD128 SEC ID:99459D356 REG: REPO Total DELIVER V PAY- DLL 141 Total Principal: 24,831,925.11 Total Commission: 0.00 Total Income: 15,133.90 Total Net: 24,847,059.01 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 8/24/2OG6 0.000 -1,993.07 BOUGHT DREYFUS TREASURY CASH 8/24/2006 0.0000 0.00 CMS REF: 1062360155848 8/24/2006 0.00 0.00 SEC ID:996OB5247 REG:05 0.00 -1,993.07 DREYFUS TREASURY CASH MANAGEMENT 8/24/2006 0.000 -178.618.71 BOUGHT DREYFUS TREASURY CASH 8/24/2006 0,0000 0.00 CMS REF: 1062360155849 8/24/2006 0.00 0.00 SEC ID:996085247 REG-05 A 0.00 ,178,618.71 µ sae/ McIIOn Custody Transaction History Report ID: CUA366 P:we Currency: Ust1 2 6i' '2162/,� 7 7/3 /2006 - 9 /29 /2006 0000030 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Toth MAR IN RELEA E - BUY (2) Total Principal: -180,611.78 Total Commission: 0.00 Total Income_ 0.00 Total Net: -180,611.78 Total U. . D LIAR(U 111191 Total Principal: 26,605.23 Total Commission: 0.00 Total income: -26,605.23 Total Net 0.00 8/25/2006 U. . D LIAR(U D) RE EIVE V PAY -BUY CS FOB CAT I REPO REPURCHASE.AGREEMENT DTD 08/25/200605.1900% 8/25/2006 11,500,000.000 -11.500.000.00 TRADING BROKER:CREDIT BUISSE, NEW YORK(CSFEl1S33)ON 00000355 8/25/2006 100.G000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 8/25/2006 0.00 0.00 CMS REF: 1062370082481 0.00 .11,500,000.00 SEC ID:9945911746 REG:REPO LEHMAN CAT I REPO REPURCHASE AGREEMENT DTD 08/25/200605.2000% 8/25/2006 600,000.000 -600,000.00 TRADING BROKER:LEHMAN GOVr SECS INC,NY 000DO636 8/25/2006 100.0000 0.G0 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000636 8/25/2006 0.00 0.00 CMS REF: 1062370103932 0.00 -600,000.00 SEC ID:99459JI48 REG: REPO Total RE FIVE V PAY -BUY 12) Total Prinelpal: -12,100,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -12,100,000.00 DELIVER V PAY.MT RESIDENTIAL ASSET MID PRODS INC 2003-RSI I MTG ASSET BKD PASSTHRU CL 8/25/2006 -8.147.840 8,147.85 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 100.0001 0.00 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00DO9999 8/25/2006 0.00 0.00 CMS REF: 1062370066943 0.00 8,147.85 SEC ID:760985K83 REG:DTC DELIVERY PAY-PD FEDERAL NAIL MTG ASSN OM PASS THRU CTF POOL 2546315%2/l/2018 84/1/2006 -1461.120 1,461.12 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 100,845.17 UNITS 81 5/2006 f00.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 420.19 CLEARING BROKER NON-BROKER TRADE,BOSTON OWN999 0.00 1,881.31 CMS REF: 1062200074557 SEC ID:31371KY47 REG:FRB 1012412006 2:51:14PM PDT 85 Workbeneft Custody TransactionHistory �lbrt ID: CUA356 0 Mellon ory Blue Co ncr Ban 2 6 ..2162/,IP17 1'1 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount II.D:RALNATLMTGASN(ITT)PNSSTHRU CIF POOI.2547605%6/1/2018 8/I/2006 -1,187.210 1,187.21 RECD PRIN AMORT FOR JULY RECD TNT FOR JULY ON 90.943,34 UNITS 8/25/2006 100.0000 GDO 'TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 378.93 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,566.14 CMS REF: 1062200074562 SEC ID:31371KSV9 RED: FRB FEDERAL NAIL MTG AWN GTD PASS TBRU CIF FOOL 2548665%9/1/2018 %/1/2006 -790.310 790.31 RECD PRIN AMORT FOR JULY RECD MT FOR JULY ON 41,127.95 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009M 8/25/2006 0.00 171.37 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 961.68 CMS REF: 1062200074406 SEC ID:31371LCB3 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF MOL254907 5% 10/l/2018 %/1/2006 -3,993.390 3,993.39 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 307,447.97 UNITS a/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 1,281.03 CLEARING BROKER NON-BROKER TRADE,BOSPON00009999 0.00 5,274.42 CMS REP: 106 2200 0744 12 SEC ID:31371LDIA REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 2549535% 11/1/2018 8/l/2006 -3,368.210 3,368.21 RECD PRIN AMORT FOR JULY RECD INTFORJULY ON218,984.95 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 912.44 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 4,280.65 CMS REF: 106 2 200 0744 09 SEC IN:313711E21 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 2549875% 12/1/2018 8//1/2006 -8,347.090 8,347.09 RECD PRIN AMORF FOR JULY RECD INT FOR JULY ON 599,470.56 UNITS B/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2DO6 0.00 2,497.79 CLEARING BROKER NON-BROKER TRADE,BOSTON GOOD9999 0.00 10,844.88 CMS REP: 1062200074415 SEC ID:313711F46 REG:FRB FEDERAL NAIL INTO ASSN GTD PASS THRU CIF IDOL 357430 5%911/2018 81/2006 -990.440 990.44 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 74.385.48 UNITS 8/65/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OOD09M 8/25/2006 0.00 309.94 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,300.38 CMS REF: 106220007K00 SEC ID:31376KA71 REG: FRB FEDERAL NAIL INTO ASSN OTD PASS THRU CIF FOOL 55SM3 5%411/20 18 8&1/20D6 -3,280.010 3,280.01 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 218,259.24 UNITS a/ 5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009M 8/25/2006 0.00 909.41 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 4,189.42 CMS REF: 1062200074373 SEC O-31385WSYI REG:FRB I._,.,4/2q,. J- *4PM' 'r I If k I w �kbe"r I I @ Mellon Custody Transaction History Report ID: CUA356 Base Cer.eney: USD 2 6 21621, 7 7/3 /2006 - 9 /29 /2 OO6 000 0000 Trade/ Ex Date - Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERALNATL MTG ASSN GTD PASS THRU CTF MOL5555455956/1/2018 8/I/2006 -2,609,120 2,609A2 RECD MIN AMORTFORJULY RECD INTFORJULY ON 181,398.26 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 755.03 CLEARINGBROKER NON-BROKERTRADE,BOSrON00009999 0.00 3,364.95 CMS REF: 1%2200074382 SEC ID:31385XES2 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 555621 5%711 IM IS 8/1/2006 -8,020.110 8.020.11 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 612.656.06 UNITS B/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 R/25/2006 0.00 2,552.74 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 10.572.85 CMS REF:1062200074384 SEC 03:31385XG68 REG! FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 681309 5%2/1/20 18 8/1/2006 -3,771.820 3,771.82 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 351,114.88 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 1,462.98 CLEARING BROKER NON-BROKERTRADE,BOSrON00009999 0.00 5,234.80 CMS REF: 1062200074420 SEC ID:31391US4 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 68133459/62/1/2018 S I/2006 -374.730 374.73 REC D MIN AMORF FOR JULY RECD INT FOR JULY ON 42,480.42 UNITS e/ 5/2006 I00.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 177.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 0OW9999 0.00 551.73 CMS REF: 106220007"17 SECID:3139IY4Tl REG-FRB FEDERAL NATL 6ftG ASSN GTD REMIC PASSTHRU CTF REMIC TR 8/1/2006 -1,237.500 1,237.50 RECD MIN AMORr FOR JULY RECD INT FOR JULY ON 23,961.48 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OD009999 8/25/2006 0.00 84.86 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1.322.36 CMS REF:1062260001531 SEC ID:31393ESP5 REG:FRB FEDERAL NATL MTG ASSN GTD REMIC PASSTHRU C77 REMICTR 8/1/2006 -3,133.390 3,133.39 RECD MIN AMORr FOR JULY RECD INT FOR JULY ON 87,300.53 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/20G5 0.00 254.63 CLEARING BROKER NON-BROKER TRADE,BOSFON 00009999 0.00 3,388.02 CMS REF: 1062M0001528 SECID:31393TBC9 REG: FRB FEDERAL NAIL MTG ASSN GTD REMIC PASSTHRU CTF REMIC TR 8/1/2006 -32,403.840 32,403.84 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 866,065.28 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 2,526.02 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009%9 0.00 34,929.86 CMS REF:1062MI001524 SEC ID:3139372E5 REG!FEB 1012412006 2:51:14FM For 87 19 baaaah ©/ Mellon Custody Transaction History Report CUA356 Base Currency: USD 2 '6 '_'2162/, 7 7/3/2006 - 9/29 /2006 001) U0170 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount ILULPAL N%]L AITGASSN GTD PASS THRU CTF I1)u6 684798 5 1/2%3/1/2033 8/1/2006 I93S_i 10 3,838.52 RECD PRIN AMORTFORJULY RECDINTFORJULY ON237,794.30 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 1,089.89 CLEARING BROKER: NON-BROKERTRADE,BOSTON 00009999 0.00 4,928.41 CMS REF: ID622MO74439 SEC ID:31400DX31 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTFPOOL6849085%6/I/2018 8/1/2006 -1,422.700 1,422.70 RECD PRIN AMORT FORJULY RECD INTFORJULY ON222,877.02 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON ODD09999 8/25/2006 0.00 928.65 CLEARING BROKER NON-BR0KERTRADE,SOSfON00009999 0.00 2,351.35 CMS REF: 1062200074442 SEC ID:31400MR1 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL6852005%3/1/2018 8//1/2006 -986.550 986.55 RECD PRIN AMORT FOR JULY RECD INT FORJULY ON 123,753.70 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 515.64 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,502.19 CMS REF: 106 2 200 0744 45 SEC ID:31400EGH7 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL6863185%3/1/2018 8/l/2006 -2,386.820 2,386.82 RECD PRIN AMORT FORJULY RECD INT FORJULY ON 185,OS0.13 UNITS 8/25/2006 100.0000 000 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 771.17 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3.157.99 CMS REF: 1062200074433 SEC ID:31400FPB7 RED:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CfF POOL 688739 5%6/1/20 18 8//1/2006 -448.580 448.58 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 69,371.60 UNITS 8%5/2006 I00.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 289.05 CLEARING BROKER NON-BROKER TRADE,BOSTON 00D09%9 0.00 737.63 CMS REF: 1062200074436 SEC ID:31400JEL9 REG: FRD FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 689859 5%5/1/2018 8/1/2006 -400.810 400.91 RECD PRIN AMORT FOR JULY RECD INT FORJULY ON 75,793.18 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 315.80 CLEARINGBROKER NON-BROKERTRADE,BOSFON00009999 0.00 716.61 CMS REF: 106 2 200 0744 51 SEC ID:3140OKMG8 REG: FRB FEDERAL NAIL MTG AWN GTD PASS THRU CIF PO01,6938345%3/l/20I8 8/1/2006 -10,807.440 10,807.44 RECD PRIN AMORF FOR JULY RECD INT FOR JULY ON 394,167.48 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 0XM99 8/25/2006 0.00 1.642.37 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 12,449.81 CMS REF: 1062200074448 SEC ID:3140OPY74 REG:FRB yE Workbench nio4/2q'F j�r.i4PMI ^DT Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 9/29 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount F DERALNA'11,M1'G AftSN CUD 1'ASS'1HRU CIV FOOL,69,%525'b 5/1/201B 8/1/2006 -1,349780 1,349.78 RECD MIN AMORf FOR JULY RECD INT FORJULY ON 150.16163 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OD009999 8/25/2006 0.00 625.68 CLEARING BROKER NON-BROKER TRADE,BOSTON 00D09999 0.00 1,975.46 CMS REF: 106 2200 0743 70 SEC ID:314WMVO REO: FRB FEDERALNATL MTO ASSN GTD PASS THRU CIF POOL695889 5%5/1/2018 %/1/2006 -4.473.340 4,473.34 RECD MIN AMORT FORJULY RECD INTFORJULY ON 530,509.70 UNITS a/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 2,210.45 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,683.79 CMS REF: 1062200074367 SEC ID:31400SC23 REG: FRB FEDERAL NATL MTO ASSN GTD PASS THRU CIF POOL7022105%5/l/2078 8/1/2006 -1,132.890 1,132.89 RECD MIN AMORT FORJULY RECD INTFORJULY ON 1",506.78 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOS70N 00DO9999 8/25/2006 0.00 602.11 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,735.00 CMS REP: 1062200074364 SEC ID:31401 ADP9 REG:FRB FEDERAL NAIL MTO ASSN GTD PASS THRU CIF POOL 702328 5%511/2018 8/1/2006 -864.740 864.74 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 89,274.23 UNITS 8/25/2006 100.0000 0.00 TRADI NG BROKE R:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 371.98 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,236.72 CMS REF: 1062200074361 SEC ID:31401AHD2 REG:FRB FEDERAL NATL MTO ASSN GM PASS THRU CPF POOL 7091485%6/1/2018 %/1/2006 .2,431.890 2,431.89 MC D MIN AMORT FOR JULY RECD INT FOR JULY ON 189,660.68 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 786.09 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 3,217.98 CMS REF: 1062200074359 SEC ID:31401H2M7 REG:FRB FEDERAL NATL MTG ASSN OTD PASS THRU CIF POOL 709360 5%7/1/2018 8/1/2006 -6,993.590 6,993.59 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 372,488.50 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 1,552.03 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00DO9999 0.00 8,545.62 CMS REF: 10622NO74355 SEC ID:31401JB56 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIFPOOL 709826 5%6/1/2018 8/1/2006 -985.630 985.63 RECD MIN AMORT FOR JULY RECD,INT FOR JULY ON 73,983.66 UNITS B/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON OD009999 8/25/2006 0.00 307.85 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,293.48 CMS REF: 1062200074352 SECID:31401JSP4 REG:FRB 1012412006 2:51:14PM PDT 89 Wnrkaench © Mellon Custody Transaction History Report ID: CUA356 Ha Cwrevcy: USD 21-611T2162/, 7 7/3 /2 006 - 9 /2 9 /2 006 000 0000 Trade/'Ex Date Units Principal': Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX.Fee Net Local Amount FEDBRALNATj-IdTGASSNGTDPASSTHRUCTFPO0L9099195466/l/2018 6/1/2006 -1,732-351) 1,732.35 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 149,799.99 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON DDOD9999 8/25/2006 0.00 624.17 CLEARING BROKER NON-BROKER TRADE,BOSTON OODD9999 0.00 2,356.52 CMS REF: 1062200074349 SEC ID:31401JVJ4 REG:FRB FEDERAL NAIL MTG ASSN 01D PASS THRU CfFPOOL 710235 5%6/1/2018 811/20M -7.160.660 7,160.66 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 368,61741 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OODD99W 8/25/20M 0.00 1,535.91 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 8,696.57 CMS REF: I062200074346 SEC M:31401KBC8 REG:FRB FEDERAL NATLMTG ASSN GTD PASS THRU CIF POOL 71M655%7/1/MIS 8//1/2006 -913.160 913.16 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 154,425.05 UNITS 8%5/2006 100.G000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 643A4 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,556.60 CMS REF: 106220DO74341 SEC ID:31401 NQSI REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 720319 5%711/M 18 84/1/2006 -12,667.780 12,667.78 RECD PRIN AMORr FOR JULY RECD INT FOR JULY ON 466,197.35 UNITS a/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 1,942.49 CLEARING BROKER NON-BROKER TRADE,BOSTON OODD9999 0.00 14,610.27 CMS REF: 1062200074338 SEC ID:31401 WG45 REG:FRB FEDERAL NATL MTG ASSN GM PASS THRU CIF POOL 7203695%6/1/2018 8/1/2006 -15,488.590 15,488.59 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 1,584,361.23 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2OG6 0.00 6,601.51 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 22,090.10 CMS REF: 1062200074335 SEC ID:314VI WJNO REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 721629 5%7/1/20 18 8/1/2006 -5,333.130 5,333.13 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 205,266.86 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 855.28 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,188-41 CMS REF: 1062200074333 SECM:31401XVW4 REG:FRB FEDERAL NATL MTO ASSN GTD PASS THRU CIF POOL 723487 5%6/1/20 IS 8/1/2006 -1,G48.390 1,048.39 RECD PR IN AMORT FOR JULY RECD INT FOR JULY ON 172,846.48 UNITS 8/25/2006 1GO.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 720.19 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 1.768.58 CMS REF: 106220DO74329 SEC ID:31402AXQ4 REG:FRB f...'4/21f' p- "Pli 1 i i i i 1 Worl�er)d+ Q Mellon Custody Transaction History Report m: CUA356 Huse Currency: USD 2" 6 L'2162/, 7 7/3 /2 006 - 9 /2 9 /2 006 000 0000 Trade/ Ex Date Units PFincipaP. Settle/ Pay Date Trade Price Commission 1AM09Ftion Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL NATL Nil G ASSN GTD PASS'IHRU CTF TOOL 725530 5%6/1/2019 8/I/2006 -39,978810 39,978,81 RECD PRIN AMORT FOR JULY RECD TNT FOR JULY ON 2,332,779.12 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON DD009999 8/25/2006 0.00 9.719.91 CLEARING BROKER NON-BROKER TRADE,BOSTON OW09999 0.00 49,698.72 CMS REF: 106 2200 0743 25 SEC ID:31402DA75 REG:FRB FEDERAL NATL MID ASSN GTD PASS THIRD CTF POOL 7296015%7/I/2018 8/l/2006 .4,386.370 4.386.37 RECD FIR IN AMORT FOR JULY RECD TNT FOR JULY ON 273.008.18 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 1.137.53 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.90 5,523.90 CMS REF: 1062200074532 SEC ID:31402HRW3 REG:FRB FEDERAL NATL MTG ASSN OTD PASS THRU CTF POOL 7328735% 11/1/2018 %/1/2006 -123.040 123.04 RECD PRIN AMORT FOR JULY RECD TNT FORJULY ON 23,586.70 UNITS e/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON OW09999 8/25/2006 0.00 98.28 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 221.32 CMS REF: 1062200074529 SEC ID:31402MFN5 REO:FRB FEDERAL NATL MID ASSN GTD PASS THIRD CTF POOL 737130 5% 10/l/2018 8 l/2006 -2.737.800 2,737.80 RECD PRIN AMORT FOR JULY RECD TNT FORJULY ON 418,570.19 UNITS 8/ 5/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, 130STON 00009999 8/25/2006 0.00 1,744.04 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 4,481.84 CMS REF: IM2200074526 SECID:31402S41a9 REG:FRB FEDERAL NATL MTO ASSN GTE)PASS THRU CIF POOL 7382115%10/112018 8//1/2006 .2751.600 2,751.60 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 382,455.38 UNITS 8/25/2006 I00.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 000D9999 8/25/2006 0.00 1,593.57 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 4,345.17 CMS REP: 1062200074523 SEC lD;31402U1)Q2 REG:FRB FEDERAL NATL MID ASSN GTE)PASS THRU CIF POOL 738487 5% 10/1/2018 8//1/2006 -2,668.250 2,668.25 RECD PRIN AMORT FOR JULY RECD TNT FOR JULY ON 121,898.81 UNITS e/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 507.91 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009%9 0.00 3,176.16 CMS REF: 10622DO074520 SEC ID:31402UNC2 REG:FRB FEDERAL NATL MID ASSN GTD PASS THIRD CIF POOL7404575% 10/1/2018 8/l/2006 -12.353.360 12,353.36 RECD PRIN AMORT FOR JULY RECD TNT FOR JULY ON 1,523,701.97 UNITS a/'25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 6,348.76 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 18,702.12 CMS REF: 1062200074517 SEC 0):31402WTN8 REG: FRB 10/24/2006 2:51:14PM PDT 91 Workbench ® Mellon Custody Transaction History Report D1: CUA356 Base Currency: USD 21"6'1PM2162/.1I'J71111 7/3 /2 006 - 9 /2 9 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description ActBal Settlement Date Misc. Expense Income FX Fee Net LocaFAn butlt PIF:DERA1.NAIL MTG ASSN(111)PASS THRU CI'F M01,740471 5% 10/1/2018 N/1/2006 ).',36 21U 2,538.22 RECD PRIN AMORT F'ORJULY RECD INT FOR JULY ON 475.937.24 UNITS 8/25/2006 I0OD000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 1,983.07 CLEARING BROKER NON-BROKER TRADE,BOSON00DO9999 0.00 4,521.29 CMS REF: 10622000745 15 SEC ID:31402 Wf40 REG:FRB FEDERAL NATL MTG ASSN OTD PASS THRU CTF POOL 740748 5% 10/112018 B I/2006 -2,891.520 2,891.52 RECD PRIN AMORT FORJULY RECD INT FOR JULY ON 508,185.87 UNITS B/�5/2GO6 1000D00 0.00 TRADING BROKER:NON-BROKER TRADE,13OS70N 00009999 8/25/2GO6 0.00 2,117.44 CLEARING BROKER NON-BROKERTRADF.,BOSTON 00009999 0.00 5,008.96 CMS REF: 1062200074512 SECID:31402WSH7 REO:FRB FEDERAL NATL MTO ASSN OTD PASS THRU CTF POOL 743868 5% II/l/2018 %/1/2006 -145.060 145.06 M RECD PRIN AMORT FOR JULY RECD T FOR JULY ON 25.641.01 UNITS B/35/2006 100.00GO 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000099W 8/25/2006 0.00 106.84 CLEARINOBROKER NOWBROKERTRADE,130SfON00009999 0.00 251.90 CMS REP: 10622DO074509 SECID:31403BMR1 REO:FRB FEDERAL NATL MTG ASSN GID PASS THRU CIF POOL 744008 5%7/112018 81/2006 A.571.680 4,571.69 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 734,930.13 UNITS 8/45/2006 100,0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON ODOD9999 8/25/2006 0.00 3,062.21 CLEARING BROKER NON-SROKERTRADE,BOSrON 00009999 0.00 7,633.89 CMS REF: 1062200074506 SEC ID:31403BR54 REG:FRB FEDERAL NATL MTG ASSN OTT)PASS THRU CIF POOL 744316 5%9/1/2018 %/1/2006 -1.352.950 1,352.95 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 107.622.29 UNITS 8/RS/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 W8.43 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,801.38 CMS REF: 1062200074503 SEC ID:31403B3Z4 RED:FRB FEDERAL NAIL INTO ASSN OM PASS THRU CIF POOL 747914 5% 11/1/2018 8//1/2006 -1.491.270 1,491.27 RECD PRIN AMORT FOR JULY RECD BIT FOR JULY ON 223,121.50 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, 130SMN 00DO9999 8/25/2006 0.00 929.67 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 2,420.94 CMS REF: I062200074490 SEC ID:31403F3K0 REG:FRB FEDERAL NATL MTO ASSN OTD PASS THRU CTP POOL 748400 5%81112018 %/1/2006 -840.000 840.00 RECD PRIN AMORT FOR JULY RECD INT FOR JULY ON 129,671.62 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 540.30 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,380.30 CMS REP: 106220D07"87 SEC ID:31403GKR9 REG:FRB p Wn kbe h Q Custody Transaction History Report In: CUA356 Mellon H4N Cvrtaaey: UBD 2 6 21621, 7 713 /2006 - 9/29 /2006 000 00D0 Trade/ Ex Date Units °' Princ'al. Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount FEDCRALNAITMTGASSN GTUP.ASSTHRU CfF MOL7488995%. 12/1/2018 8/1/2006 -4,201A40 4,201.14 RECDPRIN AMORTFORJULY RECD ENT FOR JULY ON 676.679.84 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009M 8/25/2006 0.00 2.819.50 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 7,020.64 CMS REF: 106 2 200 0744 84 SEC ED:3140307LO PRO: FRB FEDERALNATL MTG ASSN OTD PASS THRU CfF POOL7503775% I1/1/2018 8/1/2006 -13,304.440 13,304.44 RECD MIN AMORT FORJULY RECD INTFORJULY ON 1,410,588.14 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000(YA)W 8/25120M 0.00 5.877.45 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 19.181.89 CMS REF: 106220007M81 SEC ID:31403JUA2 REG:FRB FEDERAL NATL MTG ASSN OM PASS THRU CTF POOL 75MO 5% 11/1/2018 8/1/2006 -6,325.280 6,325.23 REC D MIN AMORT FOR JULY RECD MT FOR JULY ON 1,183.163.10 UNBB 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 4,929.85 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 11,255.13 CMS REF: 1062200074478 SEC ED:31403JUD6 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THIRD CIF POOL 7 SO44559A11/1/2018 8/1/2006 -556.260 556.26 RECD MIN AMORT FOR JULY RECD ENT FOR JULY ON 113,288.25 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 472.03 C LEAFING BROKER NON-BROKER TRADE,BOSTON DOD09999 0.00 1,028.29 CMS REF: 1062200074477 SECID:31403JWE2 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIFPOOL 751960 5% 12/1/2018 81/2006 -7,985.710 7,985-71 RECD MIN AMORT FOR JULY RECD ENT FOR JULY ON$32,286.99 UNITS 8/65/2006 I00owo 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 2,217.86 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 10,203.57 CMS REF: 1062200074474 SEC ID:31403LMHl REG- FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 753425 S% l1/l/2018 8/1/2006 -3163.060 3.163.06 RECD MIN AMORT FORJULY RECD ENT FORJULY ON 562.978.71 UNITS 8/25/2006 /D0.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009M 8/25/2006 0.00 2.345.74 CLEARING BROKER NON-BROKERTRADE,BOSTON00009999 0.00 5,508.80 CMS REF: 10622D0074471 SEC ID:31403NA23 REG:FRB FEDERALNATL WO ASSN GTD PASS THRU CIF POOL 755165 5% 12/1/2018 8/1/2006 -6,43TS80 6,437.58 RECD MIN AMORT FOR JULY RECD ENT FOR JULY ON 419,001.26 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OOD09999 8/25/2006 0.00 1,745.84 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 8,193.42 CMS REF: 106220007M68 SEC m:31403Q6A3 REO:FRB 1012412006 2:51:14PM PDT 93 "'�` ©/ Mellon Custody Transaction History Report 10; CUA356 Base Currency: USD 2 6 2162/,.'"7" 7/3/2006 - 9/29/2006 000 OODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount bAIIYYAI '.%-I.NIT'G.%F'N IU 419 TI iu11; 11k11, i Of ?n"... II//201F 4/1/211U6 -1.213.870 4,213-87 RECD PRIN A61ORT FORJULY RECD INT FOR JULY ON 735,785.53 UNITS 8/25/2006 100.0000 0,00 TRADING BROKER:NON-BROKER TRADE, BOSTON(0009W) 8/25/2006 o00 3,065.77 CLEARINGBROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7.279.64 CMS REF: 10622MO74465 SEC ID:314039IR8 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 78%70 5% 1211/2019 8/1/2006 -3.418.740 3,418.74 RECD MIN AMORT FORJULY RECD INT FORJULY ON 709,478.35 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000099W 8/25/2006 0.00 2,956.16 CLEARING BROKER NON BROKER TRADE,BOSON 0(XKK)%9 0.00 6,374.90 CMS REF: IM2200074542 SEC ID:31405HJP4 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 79243 2 5% 10/1/2 019 8/1/2006 -19.865.910 19,865.91 REC D PR IN AMORT FOR JULY REC D MT FOR JULY ON 717.272.01 UNITS e/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 2.988.63 CLEARINGBROKER NON-BROKER TRADE,BOSON 00009999 0.00 22,854.54 CMS REF: 1062200074536 SEC ID:31405LLM9 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CI£POOL7941955% 11/1/2019 %/1/2006 -3,153.710 3.153,71 RECD PRW AMORT FOR JULY RECD INT FOR JULY ON667,3M.42 UNITS e/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 2,780A6 CLEARING BROKER NON-BROKER TRADE,BOSON 00009999 0.00 5.934.17 CMS REP: 10622000745M SEC ID:31405NKG9 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 800370 5% 1211/2019 8/1/2006 -1,594.620 1,594.62 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 309,949.03 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 000099W 8/25/2006 0.00 1,291.45 CLEARING BROKER: NOWBROKERTRADE,BOSTON 00DO9999 0.00 2,886.07 CMS REF: 1062200074549 SECID:31405VFK8 REG: FRB FEDERAL NATL MTO ASSN GM PASS THRU CTF POOL 803923 5% 12/I/2019 8/I/2006 4,781.880 4.781.88 RECD MIN AMORT FOR JULY RECD MT FOR JULY ON 1,005,86a 20 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 8/25/2006 0.00 4.191.09 CLEARING BROKER NON-BROKER TRADE,BOSON 00009999 0.00 8,972.97 CMS REF: 1062200074545 SEC 0:31406AD41 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF MOL823358 VAR RATE 2/1/2035 B/1/2006 -45,482.640 45,482.64 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 2,674,181.15 UNITS 8/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 8/25/2006 0.00 9,529.00 CLEARING BROKER NON-BROKER TRADE,BOSON 00009999 0.00 55,011.64 CMS REF: 106220007"% SEC 1D:31406XWf5 REG:FRB q Wnrkbs h 1 I I I I I I 1 1 1 I 1 1 1 1 1 1 1 I ©/ Mellon Custody Transaction History Report ID: CUA356 Sam Currency: USD 2 6 2162/, 7 7 /3 /2006 - 9 /29 /2006 ODD 00D0 Trade/ Ex Date Units : :PPincipal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount FEDERAL NAn.MTG ASSN GTD PASS THRU CTF POOL 879906 VAR RATE 8/1/2006 -R 324,900 8,324.90 10/1/2033 8/25/2006 100.0000 0.00 RECD PRIM AMORT FORJULY RECD INTFORJULY ON364,611.40 UNITS 8/25/2006 0.00 1,170.10 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 9,495.00 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062200074499 SEC m:31409VR39 REG: FRB Total DELIVER V PAY- PI)(651 Total Principal: 369,475.30 Total Commission: 0.00 Total Income: 118,345.80 Total Net: 487,821.10 DELIVER V PAY - ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/24/200605.2000% 8/25/2006 -11.500,000,000 11.500.000.00 CLOSE FOR 106236OM2474 8/25/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33X)XO 00000355 8/25/2006 0.00 1,661.11 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS3aXX)Q 00000355 0.00 11.501.661.11 CMS REF:1062370000039 SEC ID:9%59F948 REG:REPO MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 8/2S/2006 0.000 -1,661.11 BOUGHT DREYFUS TREASURY CASH 8/25/2006 0.0000 0.00 CMS REF: 106237OW5721 8/25/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,661.11 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 8/25/20D5 0.000 103,739.38 SOLD DREYFUS TREASURY CASH 8/25/2006 0.0000 0.00 CMS REF: 1062370205722 8/25/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 103,739.38 F REI N R LDBR REIEA E- D FEDERAL NATL MTG ASSN OM REMIC PASSTHRU CTF REMIC TR 2003-W TD 8//1/2006 0.000 0.00 ONTERESr ON 100000.00 PAYABLE 082506 8/25/2006 0.0000 0.00 CMS REF: 1062260003579 8/25/2006 0.00 291.67 SEC N:31393ESY6 0.00 291.67 Total U. . D LLAR(U D) (72) Total Principal: -120,298.58 Total Commission: 0.00 Total Income: 120,298.58 Total Net: 0.00 8128/20M 1012412006 2:51:14PU For 95 Wo^finch ® Mellon Custody Transaction History Report m: CUA356 Bose Currency: USD 21I6LIM2162/,P[171 I!i 7/3 /2006 - 9/29/2006 000 0000 Trade/ Ex Date Units - Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount U. . D LLAR (U D) BE EIVE V PAY - BUY CS FOB CAT l REPO REPURCHASE AGREEMENT DTD 08/28/2006 05.2000% 8/28/2006 11,500,000.000 .11,500,000.00 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS337000000DO355 8/28/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK)CSFBUS33XXX)00000355 8/28/2006 0.00 0.00 CMS REF: 1062400066039 0.00 -11,500,G00.00 SEC N:99459K657 REG:REPO LEHMAN CAT 1 REPO REPURCHASE AGREEMENT DTD 08/281200605.2100% 8/28/2006 800,B00.000 -8G0,000.00 TRADING BROKER LEHMAN DOW SECS INC,NY 00000636 8/28/2006 100.0000 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000636 8/28/2006 0.00 0.00 CMS REF: 1062400082951 0.00 -800,000.00 SEC ID:99459LO10 REG:REPO Total RE EIVE V PAY -BUY [2) Total Principal: -12,300,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -12,300,000.00 DELIVERY PAY- ELL CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 08/25/2006 05.1900% 8/28/2006 -11.500.000.000 11,500,000.00 CLOSE FOR 1062370082481 8/28/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK iCSFBUS33XXX)00000355 8/28/2006 0.00 4,973.75 CLEARING BROKER CREDITSUISSE,NEW YORK (CSFBUS33XXX)00000355 0.00 11,504,973.75 CMS REF: 1062400000047 SEC ED:99459H746 REG:REPO LEHMAN CAT I REPO REPURCHASE AGREEMENT DTD M/25/200605.2000% 8/28/2006 -600.000.000 600,000.00 CLOSE FOR 1062370103932 8/28/2006 100.0000 0.00 TRADING BROKER LEHMANOOVT SECS INC,NY 000OD636 8/28/2006 0.09 260.00 CLEARING BROKER LEHMAN OOVTSECS INC,NY 00000636 0.00 600,260.00 CMS REF: 1062400000192 SEC ID:99459J 148 REG: REPO Tatal DELNER V PAY. ELL 121 Total Principal: 12,300,000.00 Total Commission: 0.00 Total Income: 5,233.75 Total Net: 12,105,233.75 UNION IN RELEA E-BUY DREYFUS TREASURY CASH MANAGEMENT 8/28/2006 0.000 .4,973.75 BOUGHT DREYFUS TREASURY CASH 8/28/2006 0.0000 0.00 CMS REF: 10624001506M 8/28/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 .4,973.75 ELL - ELL p�n.nq/21f" 2—..9PM1 ^M ©/ Mellon Custody Transaction History Repent ID CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount DREYFUS TREASURY CASH MANAGEMENT 8/28/2006 0.000 199,699.91 SOLD DREYFUS TREASURY CASH 8/28/2006 0.0000 0.00 CMS REF: 1062400150629 8/28/2006 0.00 0.00 SEC0:996085247 REG:05 0.00 199,699.91 F REI MR LDER RELEA E- D RESIDENDALASSET MTG PRODS INC 2003 RS11 MTG ASSET BKD PASSTHRU CL 8/28/2006 0.000 0.00 INTEREST DUE ON PAY DATE 082506 8/25/2006 0.0000 0.00 CMS REF: 1062400118596 e/28/2006 0.00 40.09 SEC 10:7609851083 0.00 40.09 Total U. . D LLI1R(U DIM Total Principal: -5,273.84 Total Commission: 0.00 Total Income: 5,273.84 Total Net: 0.00 8/29/2006 U. . D LLAR (U D) RIM HIVE V PAY -BUY CS FOB CAT 1 REFO REPURCHASE AGREEMENT DID 08/29/2006 05.2000% 8/29/2006 11,500,000.000 -11.500,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBU533)DOQ 000D0355 8/29/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 8/29/2006 0.00 0.00 CMS REF: 1062410075936 0.00 -11,500,000.00 SEC HL 99459M695 RED:REPO LEHM AN CAT I REPO REPURCHASE AGREEMENT DTD 08/29/200605.7000% 8/29/2006 800.000.000 -800,000.00 TRADING BROKER:LEHMAN GOVT SECS INC,NY OOODD636 8/29/2006 IU0.0000 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 8/29/2006 0.00 0.00 CMS REF: 1062410092250 0.00 -800,000.00 SEC m:99459Ni31 REG-REPO Total RE RIVE V PAY -BUY (2) Total Principal: -12,300,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -12,300,000.00 DMWER V PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/28/20D6 05.20DD% 8/29/2006 -11,500,000.000 11,500,000.00 CLOSE FOR 1062400MW39 8/29/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33X)OQ 00DO0355 8/29/2006 0.00 1,661.11 CLEARING BROKER CREDIT SUISSE,NEW YOM ICSFBUS33XXX)00000355 0.00 11,501,661.11 CMS REF: 10624100000" SEC M:99459K657 REG:REPO 1012412006 2:51:14PM PDT 97 Workbench ® Mellon Custody Transaction History Report VD: CUA356 Base Currency: UBD 206002162/r00700 7/3/2006 - 9/29/2006 OOD GOOD Trade/ Ex Date Units Principal. "��` - { s" `�+ - Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee -.NetLocaYAmount LEHMAN CA'I'l REPO REPURCHASE AGREEMENTDTI>08/28/2M605.2100'% 8/29/2006 800,000.000 800,000.00 CLOSE FOR 1062400082951 8/29/2006 100.0000 0.00 TRADING BROKER LEHMAN GOVT SECS INC,NY 00000636 8/29/2006 0.00 115.78 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000636 0.00 800,115.78 CMS REF: 1062410000132 SEC ID:99459L010 REG:REPO Total DELNER V PAY- ELL 121 Total Principal: 12,300,000.00 Total Commission: 0.00 Total Income: 1,776.89 Total Not: 12,301,776.89 MAR IN RBLEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 8/29/2006 0.000 -1,661.11 BOUGHT DREYFUS TREASURY CASH 8/29/2006 0.0000 0.00 CMS REF: 1062410179714 8/29/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,661.11 DREYFUS TREASURY CASH MANAGEMENT 8/29/2006 0.000 .115.78 BOUGHT DREYFUS TREASURY CASH 8/29/2006 0.0000 0.00 CMS REF: 1062410179715 8/29/2006 0.00 0.00 SEC m:996085247 REG:05 0.00 -115.78 Total MAR IN RELEA B -BUY (2) Total principal: -1,776.99 Total Commission: 0.00 Total Income: 0-00 Total Net: -1,776.89 Total V. . D LLAR(U D) (6) Total Principal: -1,776.89 Total Commission: 0.00 Total Income: 1,776.89 Total Net: 0.00 8/30/2005 U. . D LLAR in D) RE EIVE V PAY -BUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/30/2006 05.1800% 8/30/2006 11,500,000.000 -11,500,000.00 TRADING BROKER:CREDIT BUISSE,NEW YORK(CSFBUS33)CK).Q 0OW0355 8/30/2006 100,0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS3=X)OW00355 8/30/2006 0.00 0.00 CMS REF: 1062420087072 0.00 .11,500,000.00 SEC 03:99459P888 REG:REPO r 9p Workbench , am.?4/2�'a �.crn4PM t °OT � I i I i 1 i 1 1 1 1 1 1 I . I i 0 Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/312006 - 9/29 /2006 000 0000 Trade/ Ex Date Units Principal -) t«I ?- Settle/ Pay Date Trade Price Commission Deselptloa \ Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount LEHMAN CAT I REIY)REPURCHASE AGREEMENT GTE 08/30/2W605.1900'% 8/30/2006 600,000,000 -600,000.00 TRADING BROKER:LEHMAN GOUT SECS INC,NY 0000DIi36 8/30/2006 100.0000 0.00 CLEARING BROKER LEHMAN GOVTSECS INC,NY 00000636 8/30/2006 0.00 0.00 CMS REF: 1062420086280 0,00 -600,000.00 SEC ID:99459P904 REG:REPO Total RE EIVE V PAY -BUY (21 Total Principal: -12,100,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -12,100,000.00 DELIVERV PAY. ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/29/200605.20(X% 8/30/2006 -11.500,000.000 11.500.000.00 CLOSE FOR 1062410075!)W 8/30/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE. NEWYORK(CSFBUS33X)OQ 00000355 8/30/2006 0.00 1.661.11 CLEARING BROKER CREDUSUISSE,NEW YORK I(SFBUS33XXXI 00000355 0.00 11,501,661.11 CMS REF: 106242000DO83 SEC1D:99459M695 REG:REPO LEHMAN CAT I REPO REPURCHASE AGREEMENT DTD 08/29/200605.2000% 8/30/2006 800, 00.000 800,000.00 CLOSE FOR 1062410092250 8/30/2006 100.0000 0.00 TRADING BROKER LEHMANOOVT SECS INC,NY ODOOD636 8/30/2006 0.00 115.56 CLEARING BROKER LEHMAN GOYT SECS INC,NY 00000636 000 800,115.56 CMS REF: 1062420000181 SEC ID:99459NI31 REG:REPO Total DELIVER V PAY- E1,LI21 Total Principal: 12,300,000.00 Total Commission: 0.00 Total Income: 1,776.67 Total Net 12,301,776.67 NIAR IN RELG E -am DREYFUS TREASURY CASH MANAGEMENT 8/30/2006 0000 -1.661.11 BOUGHT DREYFUS TREASURY CASH 8/30/2006 0.0000 0.00 CMS REF: 1062420187673 8/30/2006 0,00 0.00 SEC ID:996085247 RE0:05 0.00 -1,661.11 DREYFUS TREASURY CASH MANAGEMENT 8/30/2006 0.000 -200,115.56 BOUGHT DREYFUS TREASURY CASH 8/30/2006 0.0000 0.00 CMS REF: 1062420187674 8/30/2006 0.00 0.00 SECID:996085247 REG:05 0.00 -200.115.56 Total MAIL IN RELEA E -BUY,(21 Total Principal: ,201,776.67 Total Commission: 0.00 Total income: 0.00 Total Net: -201.776.67 1012412006 2:51:14PU PDT 99 Workbench Mellon Custody Transaction History Repart m: CUA356 Raw Comnar USD 2'160'.1112162/,11^,7"I'1 7/3 /2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units Prin6p Settle/ Pay Date Trade Price Commission" Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total U. . D LLAR IU UI (6) Total Principal: -1,776.67 Total Commission: 0.00 Total Income: 1,776.67 Total Net 0.00 9/31/2006 U. . D LLAR(U DI RE RIVE V PAY -RUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/31/2006 05,1900% 8/31/2006 600,000,000 -600,000.00 TRADING BROKER:CREDIT SUISSE, NEW YOM(CSFBUS33X)CXI 00000355 8/31/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 8/31/2006 0.00 0.00 CMS REF: 1062430092089 0.00 .600.000.00 SEC ID:99459R900 REG:REPO CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 8/31/2006 11,500,000.G00 -11,500,000.00 08/31/2006 8/31/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33)DM 00000355 8/31/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 -11.500,000.00 CMS REF: 1062430104017 SEC D:99459SO80 REG:REPO Total RE FIVE V PAY -BUT (2) Total Principal: -12,200,000.00 Total Commission: 0.00 Total Income. 0.00 Total Net -12,100,000.00 RE EIVE V PAY -PU US TREASURY INFLATION INDEXED NOTES 2% 1/15/2014 8/31/2006 227.000 -227.00 RECD PRIN ACCRET FOR AUGUST RECD INT FOR AUGUST 8/31/2006 100.0000 0.00 TRADI NG BROKER NON-B ROKER TRADE, BOSTON OW09999 8/31/2006 0.00 227.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 0.00 CMS REF: 106 2430 0604 43 SEC D:912828SW9 REG: FRB US TREASURY INFLATION INDEXED NOTES 2%7/15/2014 8/31/2006 6.882.000 .6,882.00 RECD PRIN ACCRET FOR AUGUST RECD INT FOR AUGUST 8/31/2006 100.000a 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 8/31/2006 0.00 6,882.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 0.00 CMS REF: 1062430063910 SEC D:912828CP3 REG:FRB Total RE EIVE V PAY-PU(2) Total Principal: -7,109.00 Total Commission: 0.00 Total income: 7,109.00 Total Net: 0.00 vr„-kber ' 1....n4/2q"4 "..,4PM1 ^DT i I � � � IQ� � � I I I I ) Y I_ 1 — 1 1__ 1 1 1 1 1 1 1 1 1 1 1 1 1 Q Mellon Custody Transaction History Report ID: CUA356 Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2006 000 0000 Trade/ Ex Date Units - Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount DELMER V PAY - ELL CSFOB CAT I REPO REPURCHASE AGREEMENT DTDOBIM1200605.1800% 8131/2006 -11,500,000.000 11,500,000.00 CLOSE FOR 1062420087072 8/31/2006 100.0000 0.00 TRADING BROKER:CREDIT BUISSE. NEW YORK(CSFBUS33X)M OODD0355 8/31/2006 0,00 1,654.72 CLEARING BROKER:CREDIT SUISSE.NEW YORK(CSFBUS33XXX)00000355 0.00 11,501,654.72 CMS REF: 1D62430000300 SECID:99459P888 REO:REPO LEHMAN CAT I REPO REPURCHASE AGREEMENT DTD 08/30/200605.1900% 8/31/2006 -6D0,000.000 600,000.00 CLOSE FOR 1062420086280 8/31/2006 100.0000 0.00 TRADING BROKER LEHMANGOW SECS INC,NY 00000636 8/31/2006 0.00 86.50 CLEARING BROKER LEHMAN OOVTSEC3 INC,NY 0000D636 0.00 600,086.50 CMS REF: lM2430000279 SEC ID:99459P904 REG:REPO Total DELIVER V PAY- ELL(2) Total Principal: 12,100,000.00 Total Commission: Moo Total Income: 1,741.22 Total Net: 12,101,741.22 M/IR IN RELICK E -1RIY DREYFUS TREASURY CASH MANAGEMENT 8/31/2006 0.000 -1,601.45 BOUGHT DREYFUS TREASURY CASH 8/31/2006 0.0000 0.00 CMS REF: 1062430171521 8131/2006 0.00 0.00 SECID:996085247 REG:05 0.00 -1,601.45 DREYFUS TREASURY CASH MANAGEMENT 8/31/2006 0,000 -162,086.50 BOUGHT DREYFUS TREASURY CASH 8/31/2006 0.0000 0.00 CMS REF: 1062430171522 8/31/2006 0.00 0.00 SEC m:996085247 REG:05 0.00 -162,086.50 Total MAR IN RELP.A E -NV4 (2) Total Principal: ,163,687.95 Total Commission: 0.00 Total Income: 0.00 Total Net: ,163,697.96 F REP N H LDBR RRLRA E- D UNITED STATES TREASURY NOTES DID 08/31/"54%08/31/2DO7 8/31/2006 0.000 0.00 REC INT ON 8100000.000 UNITS PAY 08/31/06 RATE 0.020 8/31/2006 OuGoo 0.00 CMS REF: 1062430003663 8/31/2006 0.00 162,000.00 S 0.00 162,000.00 EC m:9lM28EF3 A H W1TMH WAL - W 10/24/2006 2:51:14PU PDT 101 Workbench /© Mellon Custody Transaction History Report m: CUA356 Base Currency: Ban 2 6 -.'2162/,' "7 7/3 /2006 - 9 /29 /2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Deacriphon Actual Settlement Date Misc. Expense income FX Fee Net Local Amount SHORTTERMFDSMTADJ H 11 200Ii 0,000 0.00 NETOF OVERNIGHT INTEREST AND OVERDRAFT EXPENSES AUGUST 2006 H`.1l ilnuti 0,0000 0.00 CMS REF: 1%2430OD9882 4iIll/Junr, 0.00 -53.27 SEC ID:990000PJ4 0.00 -53.27 Total U. . D LLAR In DI I Q Total Principal: .170.796.95 Total Commission: 0.00 Total I.eume: 170.796.95 Total Met: 0.00 9/1/2005 U. . D LEAR IU DI RE EIVE V PAY -BUY FEDERAL HOME LN MM CORP DISC NTS MATURES JAN 26,2007 INCOME AT M AT 8/31/2006 2,900,000.000 -2,839,133.83 TRADING BROKER:CHASE SECUMEES,NEW YORK 00000/87 9/1/2006 97.9012 0.00 CLEARING BROKER: CHASE SECUINIES,NEW YOM 00000187 9/I/2006 0.00 0.00 CMS REF: 10624301247% CLIENT REF:680006030009519 0.00 -2.839.133.83 SEC ID:313396BB8 REG: FRB CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/1/2006 8,600,000900 -8,600,000.00 09/01/2006 9/l/2006 100,0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS33XXX)00000355 9/1/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXXI 00000355 0.00 -8,600,000.00 CMS REF: 1062440114528 SEC ID:99459U127 RED: REPO LEHMAN CAT I REPO REPURCHASE AGREEMENT DTD 09/01/200605.2000% 9/1/2006 600,000.000 -600,000.00 TRADING BROILER:LEHMAN DOW SECS INC,NY W000636 9/1/2006 100.0000 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000636 9/1/2006 0.00 0.00 CMS REF: 1062440123277 0.00 -600,000.00 SEC ID:99459U135 RED: REPO Total RE EIVE V PAY -BUY 13) Total Principal: -22,039,133.83 Total Commission: 0.00 Total Income: 0.00 Total Net: -12,039,133.93 DELIVERY PAY-PD SMALL BUSINESS ADMIN OTD DEV FARM CTF DEB SER M01-20C CL 1 6.340% 9/1/2006 -171.431.400 171,431.40 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 2,344,262.24 UNITS 9/l/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/1/2006 0.00 76,432.99 CLEARING BROKER NON-BROKF.RTRADE,BOSTON 00009999 0.00 247,864.39 CMS REF: 1062440002563 SEC ID:83162CW0 REG:OTC p n.a4121 fa 1.v,.,4PM, MT i 11^ Workbe4Th /© Mellon Custody Transaction History Report M: CUA356 Base Currency: USD 2 6 12162/, 7 7/3 /2 006 - 9/2 9 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price. Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount DELNER V PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 08/31/2006 05.1900% 9/1/2006 -600,000.000 600,000.00 CLOSE FOR 1062430092089 9/1/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YOM(CSFBUSM)OM 00000355 9/1/2006 0.00 86.50 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXl 00000355 0.00 600,086.50 CMS REF: 106244G0D0223 SEC m:99459R900 REG:REPO CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/I/2006 -11,500,000.000 11,500,000.00 08/31/2006 9/I/20U6 100.0000 0.00 CLOSE FOR IM2430IM17 9/I/2006 0.00 1,657.92 TRADING BROKER CREDIT BUSSE,NEW YORK ICSFBU833XXXI 00000355 0.00 11,501,657.92 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 CMS REF: 1062440000481 SEC m:994595080 REG:REPO Tote)DELNER V PAT- ELL(2) Total Prineipal: 12,300,000.00 Total Commleeion: 0.00 Total Income: 1,744.42 Total Net: 12,101,7M.42 MAR IN RELFJI E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/1/2006 0.000 -8,662,524.09 BOUGHT DREYFUS TREASURY CASH 9/1/2006 0.0000 0.00 CMS REF: 1062490217240 9/1/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -8,662,524.09 DREYFUS TREASURY CASH MANAGEMENT 9/1/2006 aDD0 -847,950.89 BOUGHT DREYFUS TREASURY CASH 9/I/2006 0.0000 0.00 CMS REF: 1062440217241 9/l/2006 0.00 0.00 SEC m:996085247 REG-05 0.00 -847,950.89 Total MAR IN RELEA E -BUY (2) Total Principal: -9,510,474.98 Total Commission: 0.00 Total Income: 0.00 Total Net: -9,510,474.98 Total U. . D LLAR(U D) (8) Total Principal: -9,278,177.41 Total Commleeicn: 0.00 Total Income: 78,177.41 Total Net: .9,200,000.00 9/5/2006 U. . D LLAR In D) RE E1VE V PAY -BUT 1012412006 2:51:14PM PDT 103 Workbench @ Mellon Custody Transaction History Reportm: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 9/29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount MJ I NI[ (l IN) .10I , I'C I I N. > V II.'W:6'I'i I I nnl[n/2uRb 11,.21 nu 11/5/2001 'mop00.000 '1110'00000 "I RAGING BROKER.LEHMAN GO\-T SILOS INC,NY 000W636 9/5/2006 100.0000 0,130 CLEANING BROKER LEHMAN COW SECS INC,NY 00000636 9/5/2006 0.00 0,00 CMS REF: 1062480111940 0.00 -900,000.00 SEC ID:99459W057 REG:REPO CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/5/2006 11,000,000.000 -11,000,000.00 09/05/2005 9/5/2006 100,0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFB11833XXXI 0OW0365 9/5/2006 0,00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUSMMXI OW00355 0.00 -11,000,000.00 CMS REF: IM24MI07643 SEC ID:99459 W073 REG:REPO Total BE EIVE V PAY -BUY (21 Total Principal: -11,900,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -11,900,000.00 DELFVM V PAY-MT WELLS FARGO BANK NA INSTL CTF DEP PROGRAM BOOK ENTRY DTD G8/03/20D6 9/5/2006 -2,300,000.000 2,300,000.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 9/5/2006 100.0000 0.00 2,300,000.000 9/5/2006 am 11,300.67 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 0.00 2,311,300.67 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 1062449001085 SEC ID:9497P5C99 REG DTC DELNER V PAY- ELL CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/5/2006 -8,600,000.000 8,600,000.00 09/01/2006 9/5/2006 100.0000 0.G0 CLOSE FOR 1062440114528 9/5/2006 0.00 4,968.89 TRADING BROKER CREDIT SUISSE,NEW YORK ICSFSUS33XX Q 0OW0355 0.00 8,604,968.89 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)00000355 CMS REF: 106248000KI SEC ID:99459U127 REG: REPO LEHMAN CAT I REPO REPURCHASE AGREEMENT DTD 09/01/200605.2000% 9/5/2006 -600,000.000 600,000.00 CLOSE FOR 10624401232T 9/5/2006 100.0000 0.00 TRADING BROKER LEHMAN GOUT SECS INC,NY 00000636 9/5/2006 0.00 346.67 CLEARING BROKER LEHMAN GOVT SECS INC.NY 00000636 0.00 600,346.67 CMS REF: 1062480000153 - SEC iD:99459UI 35 REG: REPO Total DELIVER V PAY- ELL(21 Total Principal: 9,200,000.00 Total Commission: 0.00 Total income: 5,315.56 Total Net: 9,205,315.56 Wnrkbe A I i I i I I I I I I I I I I I I I I l© Mellon Custody Transaction History Report m: CUA356 Beae ctmeney: UBD 2 6 12162/,.'. 7 7/3 /2 006 - 9/29 /2006 000 om 'bade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount ELL - ELI, DREYFUS TREASURY CASH MANAGEMENT 9/5/2006 0.000 8,682,808.27 SOLD DREYFUS TREASURY CASH 9/5/2006 0.0000 0.00 CMS REF: IM2480216591 9/5/2006 0,00 0.00 SEC 0 996085247 REG:05 0.00 8,682,808.27 DREYFUS TREASURY CASH MANAGEMENT 9/5/2006 0.000 895,782.65 SOLD DREYFUS TREASURY CASH 9/5/2006 OD000 0.00 CMS REF: 1062480216592 9/5/2006 0.00 0.00 SEC ID:996085247 RED:05 0.00 895,782.65 Total ELL - ELL (2) Total Principal: 9,578,590.92 Total Commission: 0.00 Total Income: 0.00 Total net: 9,578,590.92 F NET NH LDER RELEA E- D DREYFUS TREASURY CASH MANAGEMENT 9/5/2006 0.000 0.00 RECEIVED INTEREST DREYFUS TREASURY CASH MANAGEME 9/5/2006 0.0000 0.00 CMS REF: 1062480117260 9/5/2006 0.00 922A7 SEC ID:996085247 0.00 922.17 DREYFUS TREASURY CASH MANAGEMENT 9/5/2006 0.000 0.00 RECEIVED INTEREST DREYFUS TREASURY CASH MANAGEME 9/5/2006 0.0000 0.00 CMS REF: IM2480117261 9/5/2006 0.00 3,870.68 SEC D:996085247 (L00 3,870.68 Total F REI N H LDER RELEA E- D 12) Total Principal: 0.00 Total Comm9alan: 0.00 Total I.e..: 4,792.85 Total Net: 4,792.85 Total U. . D LLAR 1U DI (9) Total Principal: 9,178,590.92 Total Commission: 0.00 Total Income: 21,409.08 ToW Net: 9,200,000.00 9/6/2006 U. . D LLAR(U D) RE EIVE V PAY -BUY 1012412006 2:51:14PM PDT 105 Workbench Mellon Custody Transaction History Report CUA356 Banc Currency: USD 2 116ng1!2162/, 7 7/3 /2 006 - 9 /2 9/2 006 0000000 Trade/ Ex Date Units Principal `'- Settle/ Pay Date Trade Price Commission { Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount US RAH CIA"I' I R1'0) P A'URCHAS] AG! H,N1I;Pf1'1)"111 09/0 6/'l00b 052200'T�. 9/6/2006 1,100,000.000 -1,100,000.00 TRAUI NG BROKER:CREDIT SUISSE,NEW YORK(CSF13US33XXX)0OW0355 9/b/2006 100.0000 0.00 CLEARING BROKER: CREDIT SUISSE,NEW YORK (CSFBUS33XXX(OW00355 9/6/2006 0.00 0.00 CMS REF: 1062490089152 0.00 -1,100,000.00 SEC ID:99459X972 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/06/200605.2200% 9/6/2006 11,000000.000 -11,000,000.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33XVQ 000DO355 9/6/2006 /00.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)I 00000355 9/6/2006 0.00 0.00 CMS REF: 1062490093346 0.00 -11.000,000.00 SEC ID:99459X972 REG:REPO Total RE EIVE V PAY -BUY (21 Total Principal: -12,300,000.00 Total Commission: 0.00 Total income: 0.00 Total Net: -12,100,000.00 DELNER V PAY- ELL LEHM AN CATEGORY 2 REPURCHASE AGREEMENT DTD 09/05/200605.2100% 9/6/2006 -900.000.000 900,000.00 CLOSE FOR 1062480111940 9/6/2006 100.0000 0.00 TRADING BROKER:LEHMAN GOUT SECS INC,NY 000DO636 9/6/2006 0.00 130.25 CLEARING BROKER LEHMAN GOUT SECS INC.NY OD)00536 0.00 900,130.25 CMS REF: 10624900DO135 SEC ID:99459WO57 RED:REPO CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/6/2006 -11,000,000.000 11,000,000.00 09/05/2006 9/6/2006 100,0000 0.00 CLOSE FOR 1062480107643 9/6/2006 0.00 1,591.94 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33)Xx(00000355 0.00 11,001,591.94 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XXX(00DO0355 CMS REF: 1062490ON097 SEC ID:99459W073 REG:REPO Total DELNER V PAY- ELL(21 Total Principal: 11,900,000.00 Total Commission: 0.00 Total Income: 1,722.19 Total Net: 11,901,722.19 MAR IN RELEA E -BUT DREYFUS TREASURY CASH MANAGEMENT 9/6/2006 0,000 -1,591.94 BOUGHT DREYFUS TREASURY CASH 9/6/2006 0.0000 OAO CMS REF: UX2490200335 9/6/2006 ODO 0.00 SEC ID:996085247 REG:05 0.00 -1,591.94 ELL . ELL 1 nr?4/2 6 11,14PM nDT 1 5 Workbench r r r c r r r V r ( i 1 1 i r r , 1 1 i i i i i i i 1 i i i i © Mellon Custody Transaction History Report m: CUA356 Be"Currency: USE) 2 6 2162/, - 7/3 /2006 - 9/29/2006 000 0000 Trade/ Ex Date - "- '" -Units Price pal' Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense income Description FX Fee Net Local Amount )RI.)FUS'I'RI.ASURI CA511 MANA1s FM[N 1' 9/6/2006 0.000 199,869.75 SOLD DREYFUS TREASURY CASTI 9/6/2006 0.0000 0.00 CMS REF: IO624902[xGW 9/6/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 199,869.75 Total U. . D LLAR In DI (6) Total Principal: -1,722.19 Total Commission: 0.00 Total income: 1,722.19 Total Net: 0.00 9/7/2006 U. . D LIAR IU DI RE FIVE V PAY -BUY BANKAMERICA CORP DISCOUNT NT DUE 12/06/2006 INCOME AT MAT 9/7/2006 400,000.000 -394,735.00 TRADING BROKER BANC OFAMERICA SECS LLC,CHARLOTTE DOOOOT73 9/7/20G6 98.6838 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE 000D0773 9/7/2006 0.00 0.00 CMS REF: 1062500071074 CLIENT REF.690006030OD9557 0.00 -394,735.00 SECID:Q(60PiM65 REG:DTC UNITED STATES TREASURY NOTES DTD II/15/20054.500% 11/15/2010 9/5/2006 8,400,000.000 -8.329,125.00 TRADING BROKER LEHMAN GOVT SECS INC,NY 0000D636 9/7/2006 99.1563 0.00 CLEARING BROKER LEHMAN GOYTSECS INC,NY 000OD636 9/7/2006 0.00 -118,125.00 CMS REF: ID624W 143662 CLIENT REF.69 2030026859 0.00 -8,447,250.00 SECID:912828EM8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09107/20D605.2200% 9/7/2006 11,300,000.000 -11.300,000.00 TRADING BROKER:CREDIT SUISSE.NEW YORK(CSFBUS33)10()00000355 9/7/2006 IOGG000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 9/7/2006 0.00 0.00 CMS REP: 1062500096031 0.00 -11.300,000.00 SEC ID:99459MM REG:REPO Total RE 6IVE V PAY -BUY (3) Total Principal: -20,023,860.00 Total Commiuion: 0.00 Total income: ,118,125.00 Total Net: .20,141,985.04) DELIVERY PAY-MT FEDERAL NATL MTG ASSN DEBS DTD 03/07/MM VAR RATE 09/07/20D6 9/7/2006 ,700,000.000 700,000.00 PROCEEDS RECEIVED AS A RESULT OF A MATURDY FOR CASH AMOUNT 9/7/2006 100.0000 0.00 700,000.000 9/7/2006 0.00 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 700,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 106249900032E SEC ID:3IM9MXZl REO:FRB 1012412006 2:51:14PM PDT 107 Workbench ® Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2' 6!'!!!:21621, 7 7/3 /2 006 - 9 /2 9 /2 006 DOD Om0 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price - Commission Description Actual Settlement Date Misc. Expense Income •ar.:FX Fee Net Local.Amount DELIVER V PAY - ELL UNIMD STATES TREASURY NOTES OTD ]111 51200 5 4.500% 11115/2010 9/I/2006 -8.400.000.000 8,328,468.75 TRADING BROKER DEUTSCHE BK SECS INC,NY JNWSCUS331 ODOOD573 9/7/2006 99.1484 0.00 CLEARING BROKER DEUTSCHE BE SECS INC, NY(NWSCUS33)OODDDS73 9/7/2006 0.00 I18,12500 CMS REF: 1062440080527 CLIENT REF:69DO02030026840 0.00 8,446,593.75 SEC ID:9I2828EM8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/06/200605.M00W 9/7/2006 -1,100,000.000 1,100,000.00 CLOSE FOR 1062490089152 9/7/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33)OOG 00000355 9/7/2006 0.00 159.50 CLEARING BROKER-CREDIT SUISSE,NEW YORK(CSFBUS33XXXQ 00000355 0.00 1,100,159.50 CMS REF: 1062500000054 SEC ID:9945!IM72 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/06/20D605.2200% 9/7/2006 -11,000,000.D00 11,000,000.00 CLOSE FOR 1062490M3346 9/7/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33)DW 00000355 9/7/2006 0.00 1,595.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS3=)Q 00000355 0.00 11,001,595.00 CMS REF: 10625000DOI 14 SEC ID:99459X972 REG:REPO Totd DELVER V PAY- ELL(3) Total Principal: 20,428,468.76 Total Commission: 0.00 Total income: 119,879.50 Total Net: 20,548,348.26 NULL IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/7/2006 0.000 -10,046.43 BOUGHT DREYFUS TREASURY CASH 9/7/2006 0.0000 0.00 CMS REF: 1062500189558 9/7/2006 0.00 0.00 SECM:9960SM47 REG:05 0.00 .10,046.43 DREYFUS TREASURY CASH MANAGEMENT 9/7/2006 0.000 -1,099,503.25 BOUGHT DREYFUS TREASURY CASH 9/7/2006 0.0000 0.00 CMS REF: 1062500189562 9/7/2006 0.00 0.00 SEC ID:996085247 REG:06 0.00 -1,099,503.25 Total 1RI1R IN RELEA E -BUY (2) Total Principal: -1,109,549.68 Total Commission: 0.00 Total Income: 0.00 Total Net: .1,109,549.68 F RIX NH LDER RELEA E- D 4/2 "F 4PM ^LIT # 1 tv� a I i I i I 1 1 i i i i i 1 i i 1 1 i 1 ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: UBD 2'.6 . T2162/,. 7 7/3/2006 - 9/29/2006 DOO o00O Trade/ Ex Date Units, Principal' Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount FEDERAL NATLNITGASSN DEBS On)03/07/2005 VAR RATE:U9/07/20H, 9/7/2006 0.000 0.00 RF.CD INT ON 700000.000 UNITS PAY 09/07/06 RATE 0.0045 9/7/2006 0,0000 0.00 CMS REF: 1062500101044 9/7/2006 0,00 3.186.43 SEC ID:3I359MX21 0.00 3,186.43 Total U. . D LLAR IU 131 ( Q Total Princip al: To[a]Coal Income: 0.00 93 Total Income: 4,940.93 Total Net: 0.00 9/8/2005 U. . D LLAR ID DI RH EIVE V PAY -BUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/08/200 ,05.190011 9/8/2006 11,300,000.000 -11,300,000.00 TRADING BROKER CREDIT SUISSE, NEW YORK ICSFBUSMXXXI 00000355 9/8/2006 100.0000 0.00 CLEARING BROKER CREDrr SUISSE,NEW YORK(CSFBUS33XXX)00000355 9/8/2006 0.00 0.00 CMS REF: I062510071951 0.00 -11.300,000.00 SMID:99MOM71 REG:REPO DELPIMV PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/07/2006 05.220 9/8/2006 -11.300.000.000 11,300,000.00 CLOSE FOR 1062500096031 9/8/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK ICSFBUS33XXX)00000355 9/8/2006 0.00 1.638.50 CLEARING BROKER: CREDIT SUISSE,NEW YORK (CSFBUS33XXX)00000355 0.00 11,301,638.50 CMS REF: I062510000112 SEC M:994592985 REG:REFO MAR IN RELEA E-BUY DREYFUS TREASURY CASH MANAGEMENT 9/8/2006 0.000 -1.638.50 BOUGHT DREYFUS TREASURY CASH 9/8/2006 0.0000 ouo CMS REF: 1062510160376 9/8/2006 0.00 0.00 SEC ID:996085247 RED:05 0.00 -1.638.50 Total U. . D LIAR IU Di (3) Total Principal: -1,638.50 Total Commlaalan: 0.00 Total Income: 1,638.50 Total Net: 0.00 9/11/2006 U. . D LLAR In DI RE E V PAY -BUY 10/24/2006 2:51:14PM PDT 109 Werkbee h @ Mellon Custody Transaction History ReportID: CUA356 Has.Currency: USD 2'' 6:1i:H2 162/,11,71), 7/3 /2 006 - 9 /2 9/2 006 60O UOOD Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount. CS FOB CA( I REM RLI'URCHASB AGRF.EAIEM' UTD 09/11/200605.210V0, 9/11/2006 I1,390 0000M) 11,300,000.00 TRADING BROKE,R:CREDIT SUISSE, NEW YORK(CSFBUS33XXX)00K00355 9/11/2006 1(10 0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORE(CSFBUS33XXX)00000355 9/11/2006 0.00 0.00 CMS REF: 1062540186228 0.00 -11,300,000.00 SEC ID:99MOD924 REG: REPO DELIVER V PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEM ENT DTD 09/08/200605.1900% 9/11/2006 -11,30opoO0o0 11,300,000.00 CLOSE FOR 106261OW1951 9/11/2006 100.un0o 0.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBUS33)D0q 00000355 9/11/2006 0.00 4,887.25 CLEARING BROKER: CREDITSUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 11,3G4,887.25 CMS REF: 106 254 0 0000 34 SEC ID:9946GB571 REG:REPO MAR IN Iun E E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/11/2006 0.000 4.887.25 BOUGHT DREYFUS TREASURY CASH 9/I1/2006 0.0000 0.00 CMS REF: 1069540172110 9/11/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -4,887.25 DREYFUS TREASURY CASH MANAGEMENT 9/11/2006 0.000 -9,728.35 BOUGHT DREYFUS TREASURY CASH 9/11/2006 0.0000 0.00 CMS REF: 1062540172111 9/11/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -9,728.35 Total MAR IN RELEA E -BUY (2) Total Principal: -14,615.60 Total Commission: 0.00 Total Income: 0.00 Total Net: -14,615.60 F REI N R LDEa R=XA E- D GENERAL ELEC CO NT DTD 12/09/2005 VAR RATE 12/09/2008 9/11/2006 0.000 0.00 RECD INT ON 700000.000 UNITS PAY 09/11/06 RATE 0.0138 9/11/2006 0.0000 ono CMS REF: 1062540133357 9/11/2006 0.00 9,728.35 SEC 111:369604838 000 9,728.35 Total U. . D LLAR(U DI (3) Total Principal: -14,615.60 Total Commission: 0.00 Total Income: 14.615.60 Total Net. 0.00 9/12/2006 U. . D LLAR JU Di RE FIVE V PAY - BUY �, 9 V' '4PMt 1 I I- Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 -2162/, 7 7/3 /2 006 - 9/2 9/2 006 o00 OOOD - - Trade/ Ex Date Units - Principa Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount CS FOB CAT I REPO REPURCHASE AGREEUEW UTD 09/12/2M605.2100% 9/12/2006 11300.000.000 -11.300,000.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBU333XXX)00000355 9/12/2006 100.0000 0.00 CLEARING BROILER CREDITSUISSE,NEW YORK(CSFBUS33XX)Q 00DO0355 9/12/2006 0.00 0.00 CMS REF: 1062550077220 0.00 -11.300.000.00 SEC ID:99460F754 REG:REPO DELIVERY PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/11/20D605.2100% 9/12/2006 -11,300,000.000 11,300,000.00 CLOSE MR 1062540186228 9/12/2006 1000D00 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 000(]0355 9/12/2006 OGO 1,635.36 CLEARING BROIER CREDIT SUISSE.NEW YORK(CSFBUS33XXXI 000OD355 0.00 11,301,635.36 CMS REF: 10625R)ONM61 SEC ID:99460D924 REG:REPO MAR IN RELEA E-NUT DREYFUS TREASURY CASH MANAGEMENT 9/12/2006 0.000 -1,635.36 BOUGHT DREYFUS TREASURY CASH 9/12/20M 0.0000 0.00 CMS REF: 10625M 172083 9/12/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,635.36 Totd U. . D LIAR(11 D( (3( Total Principal: -1,635.36 Total Commission: 0.00 Total income: 1,635.36 Total Net: 0.00 9/13/2006 U. . D LLAR(U DI RE EIVE V PAY -BUT FEDERAL HOME IN BE CONS DISC NTS OCTOBER 4,2006 INCOME AT MAT 9/13/2006 3,300,000.000 -3,290,067.00 TRADING BROKER:GOLDMAN SACHS&CO,NY 00000005 9/13/2006 99.6990 0.00 CLEARING BROKER GOLDMAN SACHS&CO,NY 00000005 9/13/2006 0.00 0.00 CMS REF: 1062560065576 CLIENT REP.690D06030009585 0.00 -3.290.067.00 SEC ID:31338SJ31 REG: FRB FEDERAL NAIL MTG ASSN MEDIUM TERM NTS DID 02102/2005 3 518% 9/13/2006 2,100.000.000 -2.085.772.50 TRADING BROKER LEHM AN DOW SECS INC.NY W000636 9/13/2006 99.3225 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 9/13/2006 0.00 -8,669.79 CMS REF: 1062550080449 CLIENT REP.690006030009586 - 0.00 -2,094,442.29 SEC m:3136F6VJ5 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 831697 6%9/112036 8/22/2006 3,696f7777.120 -3,697,35L74 TRADING BROKER MORGAN STANLEY&CO HNC,NY000DO050 0.00 CLEARING BROKER MORGAN STANLEY&CO INC,NY 0000D050 9/13/2006 0.00 -7.393.55 CMS REP: 1062540106946 CLIENT REF:690002030026964 0.00 -3,704.745.29 SEC ID:31407117J9 REG:FRB 1012412006 2:51:14PM PDT 111 W.-Msmch Custody Transaction History Report ID: CUA356 ©/ Mellon Base Currency: U8D 2 6 2162/, 7 7/3 /2 006 - 9 /29 /2 006 000 0000 Trade/ Ex Date Units Principal- Settle/ Pay Date Trade Price Commission Description - Actual Settlement Date Misc. Expense Income FX-Fee Net Local Amount IS FGB CAT 1 PER) REPURCHASE AGREEMENT DTD 09/13/2006 05.20EM7% 9;1312006 11 900000,000 -11,900.000DO TRADE NO BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33)DX(00000355 9/13/2006 ID00000 0.00 CLEARINGBROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)q 00000355 9/13/2006 0.00 0.00 CMS REP: 1062560092714 0.00 .11,900,000.()0 SEC1D:994601,1875 REG:REPO Total RH HIVE V PAY-BUY(4) Total Principal: -20,973,191.24 Total Commisslon: 0.00 Total Income: -16,063.34 Total Net: -20,989,254.58 DELIVErt V PAY-MINT FEDERAL HOME LN BK CONS DISC NTS MATURES SEPTEMBER 13,2006 INCOME 9/13/2006 -3.5U0,000.000 3,416,865.70 PROCEEDS RECEIVED AS A RESULT OF A M ATURIIY FOR CASH AMOUNT 9/13/2006 100.0000 0.00 3,500,000.000 9/13/2006 0.00 83,134.30 TRADING BROKER NONBROKER TRADE,BOSTON 00009999 0.00 3,500,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062559ODD370 SEC ID:313385F58 REG:FRB FEDERAL NAIL ASSN DISCOUNT Nr MATURES SEEP 13.2006 INCOME AT MAT 9/13/2006 -2.500,000.000 2,467,454.86 PROCEEDS RECEIVED AS A MOLT OF A MATURITY FOR CASH AMOUNT 9/13/2006 100.0000 0.00 2,500,000.000 9/13/2006 0.00 32,545.14 TRADING BROKER:NON-BROKER TRADE,BOSTON OD009999 0.00 2,500,000.00 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 CMS REF: 106 2559 0004 30 SEC 1D:313589F65 RED:FRB Total DELVER V PAY-MIT(2) Total Principal: 5,884,320.56 Total Commission: 0.00 Total Ineome: 115,679.44 Total Net: 6,000,000.00 DBLNER V PAT- ELL UNITED STATES TREASURY NOTES DTD 08/3 1/200 5 4%OS/31/2007 9/12/2006 -2,500000G00 2,476,562.50 TRADING BROKER CREDIT SUISSE,NEW YORK(CSPBUS33)K70 000D0355 9/13/2006 99.0625 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXRI 00000355 9/13/2006 0.00 3,591.16 CMS REF: 1062550116690 CLIENT REP.6900020301126956 0.00 2,480,153.66 SEC m:912828EF3 REG:FRB CS FOB CAT 1 REPO REPURCHASE AGREEMENT D71)09/12/2DD605.2100% 9/13/2006 -11300,000GOO 11,300,OG0.00 CLOSE FOR 1062550077220 9/13/2DG6 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)000DO355 9/13/2006 0.00 1,635.36 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 11,301,635.36 CMS REF: 1062560000143 SEC m:9946OF/54 REG:REPO t n1o4121fa tcor4PM1 E)T I 1 I ( 1 lip I Im,,.'cre 1 1 I I I r I I I I I 1 1 I I I 1 I I /© Mellon Custody Transaction History Report In CUA3s6 Rase Currency: UBD 2 6 "3162/,1P 17" 7/3/2006 - 9/2 9/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount Total DELIVER V PAY - ELL 121 Total Principal: 13,776,562.50 Total Commission: 0.00 Total Income: 5,226.52 Total Net: 13,781,799.02 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/13/2006 0.000 -17,126.07 BOUGHT DREYFUS TREASURY CASH 9/13/2006 0.0000 0.00 CMS REF: 1062560223774 9/1312006 0.00 0.00 SECID:9%085247 REG:05 0.00 -17,126.07 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 9/13/2006 0.000 1,174,441.41 SOID DREYFUS TREASURY CASH 9/13/2006 0.0000 0.00 CMS REF: IN2560223779 9/13/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 1,174,44141 F REI N H LDER RELEA E- D DAIMLERCHRYSLER NORTH AMER HLDG CORP OTC NT DTD 03/14/2006 VAR 9/13/2006 0.000 0.00 RATE 9/13/2006 0.0000 0.00 REC INT ON 1000000.000 UNITS PAY 09/13/06 RATE 0,014 9/13/2006 0.00 14,668.89 CMS REF: 10625600IM89 0.00 14,668.89 SEC ID:233835BB2 GENERAL ELEC CAP CORP M EDIUM TERM NB BOOK ENTRY TRANCHE M TR W716 9/13/2006 U.G00 O.OD RECD INT ON 2600000.000 UNITS PAY 09/13/06 RATE 0.0136 9/13/2006 0.0000 0.00 CMS REF: 1062MO 145839 9/13/2006 0.00 35.481.33 SEC ID:369620T53 0.00 35.481.33 Total F REI N H LDER REI.EA E- D(2) Total Principal: 0.00 Total Commisslon: 0.00 Total Income: 50,150.22 Total Net: 50,150.22 Total U. . D LIAR(U DI ( 2) Total Principal: -154,992.94 Total Commission: 0.00 Total Income: 154,992.84 Total Net: 0.00 9/14/2005 U. . D LLAR(U D) RE EIVE V PAY -BUY 1012412006 2:51:14PM PDT 113 Workbench © Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 '.2162/,L".'T 7/3 /2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee.:..� Net Local Amount INIT-RNA'IIONALHKFOR RHWNAUF:V DISC NI MATURES SEPI'BMPEI2282006 9/11/2006 1800,000,000 -1.796,395,00 TRADING BROKER:UPS SECURITIES LLC,STAMFORD 00000642 9/14/2006 99,7997 0.00 CLEARING BROKER UBS SECURITIES LLC,STAMFORD 00000642 9/14/2006 0.00 0.00 CMS REF: 1062570054981 CLIENT REF.690OD6030009593 0.00 -1,796,395.00 SEC I13:4590531156 REG:FRB UNITED STATES TREASURY BILL DTD 03/23/2006 DUE 09/21/2DD5 9/14/2006 4.400.000.000 -4.395,942.96 TRADING BROKER DEUTSCHE BK SECS INC,NY(NWSCUS33100D00573 9/14/2006 99.9078 0.00 CLEARING BROKER DEUTSCHE BK SECS INC.NY(NWSCUS33100DO0573 9/14/2006 0.00 0.00 CMS REF: IM2570065843 CLIENT REF:690006030009594 0.00 -4,395,942.96 SECID:912795XW6 REG:FRB CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/14/2006 05.2200% 9/14/2006 11,800.000.000 -11,800,000.00 TRADING BROKER:CREDIT SUISSE, NEW YOMJCSFBUS33)OIX1000DO355 9/14/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX1000003SS 9/14/2006 0.00 0.00 CMS REF: 1052570084825 0.00 -11,800,000.00 SEC ID:99460K704 REG:REPO Total EE E[VE V PAY -EM' (3) Total Principal: -17,992,337.96 Total Commission: 0.00 Total loom.: 0.00 Total Not: -17,992,337.% DELIVER V PAY-MT UNITED STATES TREASURY BILL DTD 03/16/2006 DUE 09/14/2006 9/14/2006 -5,800,000.000 5,777,128.67 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 9/14/2DO6 100.0000 0.00 5,800,000.000 9/14/2006 0.00 22,871.33 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 5,800,000.D0 CLEARING BROKER NON-BROKERTRADE,BOSrON00009999 CMS REF: 106 2569 0014 00 SECID:912795XV8 REG:FRB DELIVERY PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/13/20D6 D5.200D% 9/14/2006 -11,900,000.000 11,9G0,000.00 CLOSE FOR 1062560092714 9/14/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33)Om 00000355 9/14/2006 0.00 1,718.89 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)00000355 0.00 11,901,718.89 CMS REF: 1052570000209 SEC m:9946OH875 REG:REPO 19L - IIJ. DREYFUS TREASURY CASH MANAGEMENT 9/14/2006 0.000 153.554.75 SOLD DREYFUS TREASURY CASH 9/14/2006 0.0000 0.00 CMS REF: 1062570164506 9/14/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 153,554.75 Ir Ale412'r fee-14PMI nLIT I I lj" I 1 1 I w irbejh @ Mellon Custody Transaction History Report ID: CUA356 Bate Cnrre.r. Ban 2':6'.:5:.2162/, 7 7/3 /2 006 - 9/2 9/2006 000 0000 Trade Ex Date - Units PHnRlipal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total U. . D LLAR(U D) (6) Total PHneipal: -161,654.64 Total Commlaelon: 0.00 Total Income: 24,590.22 Total Net -137,064.32 9/15/2006 U. . D LLAR iU D) RE HIVE V PAY -BUY CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/15/2006 11,600.000.000 -11.600.000.00 09/15/2006 9/15/2006 100owo 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBU!3MX)OI 00000355 9/15/2006 0.00 0.00 CLEARING BROKER:CREDIT SUISSE.NEW YORK(CSPBUS33XXXI 00000355 0.00 -11,600,000.00 CMS REF: 1062580101148 SEC ID:9946OM965 REG:REPO DELIVERY PAY-MT COUNTRYWIDE BK ALEXANDRIA VA CTF DEP DTD 03/15/2006 VAR RATE 9/15/2006 -800,000.000 800,000.00 PROCEEDS RECEIVED AS A RESULT OFA MATURITY FOR CASH AMOUNT 9/15/2006 100.0000 0.00 800,000.000 9/15/2006 non 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 GOO 800.000.00 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00W)999 CMS REF: ID625790DO320 SEC 0:22238YHU0 REG:DTC DELIVP.RV PAY-PD FEDERAL HOME LN MTO CORP MULTICLASS MM PAWN CTFS GTD e/l/2006 -14,382.300 14.382.30 RECD MIN AMORT FOR JULY RECD INT FOR JULY ON 585,290.39 UNITS 9/15/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/15/2006 0.00 2.469.18 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 16,851.48 CMS REF: 10 5 2200 0744 93 SECM-3133TCE95 REG:FRB FEDERAL HOME LN MTG CORP PAM CTFS FOOL 78-WIN VAR RATE 1/1/2028 8/1/2006 -1,890.990 1.890.99 RECD MIN MOST FOR JULY RECD ENT FOR JULY ON 34,357.97 UNITS 9/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OD0099W 9/15/2006 0.00 171.10 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,062.09 CMS REF: IM2200074322 SEC IN:31348SWZ3 REG:FRB 10/24/2006 2:51:14PM PDT 115 Workbench ® Mellon Custody Transaction History Rapart m: CUA356 Haft Curreney: UBD 2L161=21621,1117 11 7/3/2006 - 9/29 /2006 0000000 Trade/ Ex Date Units. Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income ii + :°: - FX Fee Net Local Amount FEDERALHONII: INNMICORI' M111.TICI.ASSNTG PARINC'IFS GIU SEF2756CL 9/1/2006 2,108:210 2108.21 MA 9/15/2006 100,0000 0,00 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 56,948.30 UNITS 9/15/2006 0.00 237.28 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 2,645.49 CLEARING BROKER NON-BROKER TRADE,BOSTON OWM999 CMS REF: 1062540074099 SEC ID:31394PX24 REG:FRB FEDERALHOME LN MTO COW MULTICLASSM7G PARTNCTFSGTDSER2832CL 9/l/2006 -3529.650 3,529.65 PA 9/15/2006 I00.D000 0.00 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 48,787.79 UNITS 9/15/2006 0.00 182.95 TRADING BROKE R:NON-BROKER TRADE,BOSTON 00009999 0.00 3,712.60 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062540074096 SEC ID:31395C7B l REG:FRB FEDERAL HOME LN MTO CORD MULTICLASS MTO PARTN CTFS BIG SER 2891 CL 9/1/2006 -20,683.070 20.683.07 LN 9/15/2006 100.0000 0.00 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 849,306.17 UNITS 9/15/2006 0.00 3,007.96 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 0.00 23,691.03 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 1062540074144 SEC ID:31395JZ90 REG:FRB FEDERAL HOME IN MTU CORP MULTICIASS MTO PARTN CTFS GTD 9/1/2006 -1,923.780 1,923.78 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 80,513.66 OHM 9/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/15/2006 0.00 268.38 CLEARING BROKER NON-BROKER TRADE,BOSTON 00[XK) 9 O.DO 2,19216 CMS REF: 1062640074140 SEC m:3139SM77 RED: FRB FEDERAL HOME IN MTO CORP MULTICIASS MTO PARTN CTFS GTD SER 29n CL 9/1/2006 -1,369.590 1,369.59 Pi 9/15/2006 100.0000 0.00 RECD MIN AMORT FOR AUGUST REC D INT FOR AUGUST ON 85,686.79 UNITS 9/15/2006 0.00 321.33 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 0.00 1,690.92 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 1062540074137 SEC m:31395UT68 REG:FRB GOUT NATL MTO ASSN 07D PASS THROUGH POOL 421389 6 1/2%4/15/2026 9/112006 -211.840 211.84 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 5,065.48 UNITS 9/15/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/1512006 0.00 27.44 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 239.28 CMS REF: 1062540074163 SEC m:36206UC23 REG: FRB ^' µ 1i u�.1J1e R4/2�"c �.^..,qp l CDT I 1 I I I I 1 1 1 1 1 I I 1 ! I I I 1 © Mellon Custody Transaction History Report ID: CUA356 Oasc Corrcncy: USD 2 6 "2162/, 7 7/3/2006 - 9/29/2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount Total DELIVER V PAY - PD(8) Total Principal: 46,399.43 Total Commlaelon: 0.00 Total Income: 6,685.62 Total Net: 53,085.05 DELIVERY PAY. ELL CS FOB CAT I REM REPURCHASE AGREEMENT DTD 09/14/200605.2200f6 9/15/2006 -I 1,800,000.000 11.800.000.00 CLOSE FOR 1062570084825 9/15/2006 100,0000 0.00 TRADING BROKER:CREDR SUISSE,NEWYORK(CSFBUS33XXX1000D0355 9/15/2006 0.00 1.711.00 CLEARING BROKER:CREDIT SUISSE,NEW YORK jCSFBUS33XXX)00000355 0.00 1 t,801.71 1.00 CMS REF: 10625000DO165 SEC ID:99460K704 REG:REPO EBAI! IN NELEA E -BUT DREYFUS TREASURY CASH MANAGEMENT 9/15/2006 0.000 -869,252.85 BOUGHT DREYFUS TREASURY CASH 9/15/2006 0.0000 0.00 CMS REF: 1062580242324 9/15/2006 0.00 0.00 SEC ID:99WB5247 REG:05 0.00 -869,252.85 DREYFUS TREASURY CASH MANAGEMENT 9/IS/2006 0.000 -169,206.49 BOUGHT DREYFUS TREASURY CASH 9/15/2006 0.0000 0.00 CMS REF: 1062580242325 9/15/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -169,206.49 Total H IN RELEA X -HIM (2) Total Principal: -1,038.459.34 Total Comenlealon: 0.00 Total Income: 0.00 Total Net: -1,033,459.34 F REI N H LDER RELEA E - D COUNTRYWIDE BK ALEXANDRA VA CTF DEP DTD 03/15/2006 VAR RATE 9/15/2006 0.000 0.00 REC INT ON 800000.000 UNITS PAY 09/15/06 RATE 0.004 9/15/2006 0,0000 0.00 CMS REF: ID62580037967 9/15/2006 0.00 3,678.67 SEC ID:22238YHUO 0.00 3,678.67 FEDERAL HOME LN MTG CORD FREDDIE NTS DIC BOOK ENTRY TRANCHE 8 TR 9/15/2006 0.000 0.00 REC INTON 125000.000 UNITS PAY 09/15/06 FATE n003 9/15/2006 0.0000 0.00 CMS REF: 10625SOM79W 9/15/2006 0.00 416.67 SEC ID:3133FIGX9 0.00 416.67 FEDERAL HOME LN BKS CONS BD DTD 12/15/2004 4.2%03/1312009 9/15/2006 0.000 0.00 REC INT ON 780000.000 UNITS PAY 09/15/06 RATE 0.021 9/1512006 0.0000 0.00 CMS REF: 1062580037986 9/15/2006 0.00 16,380.00 SEC ID:3133X9LP3 0.00 16,380.00 1012412006 2:51:14PM PDT 117 Workbench Mellon Custody Transaction History Report ID: CUA356 Base Curtency: USD 2 6' '1!12162/,11'17:`;1 7/3 /2006 - 9 /2 9 /2 006 000 0000 Trade/ Ex Date Units Principa Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount II,DERALNAIL nrr a ASSN ur:us uru 09/01/ 9996 5/8%° 09/15/2009 9/15/2006 0,000 0.00 REC INTON 2100D00.000 UNITS PAY 09/15/06 RATE0.033 9/15/2006 0A00D 0.00 CMS REF: 10625B00379W 9/15/2006 0.00 69,562.50 SEC ID:31359MEY5 0.00 69,562.SO FEDERAL HOME LN MTO CORP MULTICLASS MTO PARTN CTFS GTD 9/1/2006 0.000 0.00 INTEREST ON 1000DO.00 PAYABLE 091506 9/15/2006 0.0000 0.00 CMS REF: 1062540022226 9/15/2006 0.00 333.33 SEC ID:31394LVF6 0.00 333.33 FEDERAL HOME LN MTG CORP MULTICLASS MTO PARTNCTFS GTD SER 2733 CL 9/1/2006 0.000 0.00 PA 9/15/2006 0.0000 0.00 INTEREST ON SOOODO.00 PAYABLE 091506 9/15/2006 0.00 1,666.67 CMS REF: 1062540022225 0.00 1,666.67 SEC ID:31394NUE6 FEDERAL HOME LN M7G CORP MULTICLASS MM PARTNCTFS GM SER 300E CL 9/l/2006 0.000 0.00 JK 9/15/2006 0.0000 0.00 INTEREST ON SOOODROO PAYABLE 091506 9/15/2006 0.00 1.875.00 CMS REF: 1062540022227 0.00 1,875.00 SEC ID:31395WOA9 HSBC FIN CORP Nr DTD 09/15/2005 VAR RATE 09/15/20DB 9/15/2006 0.000 0.00 REC OTT ON 1300000.000 UMTS PAY 09/15/06 RATE 0.013 9/15/2006 0.0000 0.00 CMS REF: 1062SS0037976 9/15/2006 0.00 18,137.27 SEC ID:4D429CCU4 0.00 18,137.27 HSBC FIN CORP INTERNOTES BOOK ENTRY TRANCHE N TR 00290 DTD 08/24/2006 9/15/2006 0.000 0.00 REC 04T ON 300000.000 UNrrS PAY 09/15/06 RATE 0.003 9/15/2006 0.0000 0.00 CMS REF: 1062SS0037971 9/15/2006 0.00 927.50 SEC ID:4D429XN98 0.00 927.50 UNITED STATES TREAS NTS DTD 09/15/2005 3 7/8%09/16/2010 9/15/2006 0.000 0.00 REC 1NT ON 400D00.000 UNNS PAY 09/15/06 RATE 0.019 9/15/2006 (L0000 0.00 CMS REF:1062SWO37999 9/15/2006 BOB 7,750.00 SEC ID:912828ECI 0.00 7,750.00 Total F REI N H LDER RELEA E- 1)1 0 Total Principal: 0.00 Total Commission: 0.00 Total Income: 120,727.61 Total Net: 120,727.61 Total U. . D LLAR(U DI I23I Total Principal: 7,940.09 Total Commisslos: 0.00 Total Income: 129,124.23 Total Net: 137,064.32 i^"4/2y,u .4PA% DT I i f i lip i i i I I -'kyef _I _ _ I I I I 1 I I I I I i Q Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 26 2162/, 7 7 /3 /2006 - 9 /29 /2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount 9/18/2006 U. . D LIAR In DI RE E[VE V PAY - BUY COMMMMENTTO PURCHASE FNMA SINGLE FAMILY MORTGAGE 5%09/01/2D21 8/14/2006 4,000,000.000 -3,881,875.00 TRADING BROKER:CREDIT SUISSE, NEW YORK ICSFBUS33XXX)00000365 9/18/2006 97.0469 ODD CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 9/18/2006 0.00 0.00 CMS REF: 1062260092842 CLIENT REF 68D002030026622 0.00 -3,881,87&DO SECID:0IFUSO494 REG:PAIR TENNESSEE VALLEY AUTH DISC NTS MATURES NOVEMBER 2.2006 INCOME AT 9/14/2006 3.200.000.000 -3,179,560.00 TRADING BROKER:GOLDMAN SACHS&CO,NY00000(05 9/18/2006 99.3613 0.00 CLEARING BROKER GOLDMAN SACHS&00,NY OD000005 9/18/2006 0.00 0.00 CMS REP: 1062570128791 CLIENT REF.690006030009597 0.00 .3,179,560.00 SEC TO:88059OM84 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT GTE)09/18/200605.1900% 9/18/2006 9,100,000.000 -9,100,000.00 TRADING BROKER CREDIT BUISSE,NEW YORK(CSFBUS33)00Q 00000355 9/18/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI OD000355 9/18/2006 0.00 0.00 CMS REF: 1062610OM74 0.00 -9,100,000.00 SEC to 99460P802 REG:REPO Total RE ETVE V PAY -BUY (3) Total Principal: .16,161,4IS.00 Total Commission: 0.00 Total Income: 0.00 Total Nct: -16,161,435.00 DELrVER V PAY-UT TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK ENTRY TRANCHE4MON13 9/18/2006 -2,000,G00.000 2,000,000.00 DTD 9/18/2006 100.0000 0.00 PROCEEDS RECEIVED AS A RESULT OF MATURITY FOR CASH AMOUNT 9/18/2006 0.00 0.00 2,000,000.000 0.00 2,000,000.00 TRADING BROKER:NON-BROKER TRADE, BOSTON OD009999 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 CMS REF:1062589000933 SEC ID:89233PrE6 REG:DTC D>g.IVER V PAY-PD GOVERNMENT NATL MTG ASSN 07D REMIC PASS THRU SECS REM IC TR 2000-9 CL 9/18/2006 -5,720.620 5,720.62 RECD PRIN AMORT FOR SEPTEMBER RECD INT FOR SEPTEMBER ON 312,145.92 9/18/2006 100.0000 0.00 UNITS 9/18/2006 0.00 1,616.51 TRADING BROKER NON-BROKER TRADE, BOSTON 00DO9999 0.00 7,237.13 CLEARING BROKER NON BROKER TRADE,BOSTON 00009999 CMS REF: 1062610002390 SEC m:3837H4NX9 REG:FRB DELIVERY PAY- ELL 1012412006 2:51:14PM PDT 119 Workbench ((! Mellon Custody Transaction History Report m: CUA356 B.Curreney: UBD 2 6 "21621," 7 7/3/2006 - 9/29/2006 0000000 Trade/ Ex Date Units - - Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FXFee Net Local Amount L1"MITMENI'10PITCIIASP;I`NMASIRGLE. iAMILA'MUKIY.AGIS 511.V9/01/?0dl 9/14/?006 -1,000,000.000 3,916.71875 NEI GAIN 34843.75 9/18/2006 97.9180 000 TRADING BROKERCREDITSUISSE, NEWYORK(CSFBUS33)QXI 00000355 9/18/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI DDOOG355 0.00 3,916,718.75 CMS REF: 106257U120403 CLIENT REF.690002030026981 SEC ID:OIM50494 REG:PAIR CREDITSUISSEFIRST BOSTON PITLLTD REPURCHASEAGREEMENr DTD 9/18/20G6 -11.600,000.000 11,600,OW.GO 09/15/20M 9/18/2006 100.0000 0.00 CLOSE FOR 1062580101148 9/18/2006 0.00 5,036.33 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUSM)XXI 00000355 000 11,605,036.33 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)00000355 CMS REF: IM26100DO143 SEC ID:9946OM965 REG:REPO Total DELIVER V PAY- ELL 121 Total Principal: 15,516,718.76 Total Commlaalon: 0.00 Total Income: 5,036.33 Total Net: 15,521,755.05 mAR INRELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/18/2006 0.000 -2,233,973.32 BOUGHT DREYFUS TREASURY CASH 9/18/2006 0.0000 0.00 CMS REF: 1062610179954 9/18/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -2,233,973.32 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 9/18/2006 0.000 674,523.67 SOLD DREYFUS TREASURY CASH 9/18/2006 0.0000 0.00 CMS REF: 1062610179953 9/18/2006 0.G0 0.00 SEC ID:996085247 REG:05 0.00 674.523.67 P REI NH LDER RELEA E- D FEDERAL HOME IN ENS CONS BD DTD 06/19/2003 4%0311812011 9/18/2006 0.000 0.00 REC INT ON 3000000.000 UNITS PAY 09/I8/06 RATE 0.020 9/18/2006 0.0000 0.00 CMS REF: 1062610003897 9/18/2006 0.00 60,000.00 SEC m:31339XKN3 0.00 60,000.00 FEDERAL NAIL MTG ASSN DEBS DTD 03/16/2004 3 1/81/6 03/16/20D9 9/18/2006 0.000 0.00 REC INT ON 68000DO.000 UNITS PAY 09/18/D6 RATE 0.015 9/18/2006 G.0000 0.00 CMS REF: 1062610003886 9/18/2006 0.00 105,250.00 SEC ID:31359MUQ4 0.00 106,250.00 '....I4/2t_- 1 " 14PAt DT I I I I I -y I I I I I I I I —kboyx i I i i i I i I ©/ Mellon Custody Transaction History Report to: CUA356 Base Currency: USD 2 6 .2162/, 7 7/3 /2006 - 9 /29 /2006 000 00010 Trade/ Ex Date Units Principal. Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description - FX Fee Net Local Amount FEDERAL NATL MTG ASSN MEDIUM TERM NTS DTD 03/16/2004 9 01% 9/18/2006 0.000 0.00 03/16/2009 9/18/2006 0.0000 0.00 REC INT ON 660000.000 UNITS PAY 09/18/06 RATE 0.020 9/18/2006 0.00 13,233.00 CMS REF:1062610WWN 0.00 13,233.00 SEC ID:31MF5GZ8 GOVERNMENT NATL MTG ASSN GM REMIC PASS THRU TR 2003-97 CL DU 4% 9/1/2006 0.000 0.00 INTEREST ON I0000DO.00 PAYABLE 0916M 9/18/2006 0.0000 0.00 CMS REF: IM2580022158 9/18/2006 0.00 3.333.33 SEC ID:38374EM 0.00 3,333.33 TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK ENTRY TRANCHE M TR 00413 9/18/2006 0.000 0.00 DTD 9/18/2006 0.0000 0.00 RECD INT ON 2000DO0.000 UNITS PAY 09/18/06 RATE 0.0045 9/18/2006 0.00 9,076.11 CMS REF: 1062610139263 0.00 9,076.11 SEC ID:89233PTE6 Total F RE[ N H LDER RELEA E- D(5) Total Principal: 0.00 Total Commission: 0.00 Total laeome: 191,892.94 Total Net: 191A92.44 Total U. . D LLAR(U D) 1 4) Total Principai: -198,445.26 Total Commission: 0.00 Total Income: 199,445.28 Total Net: 0.00 9/19/2006 U. . D LLAR lU D) RE EIVE V PAY -BUT CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/19/2006 05.2200% 9/19/2006 9,100,000.000 -9.100,000.00 TRADING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXX100000355 9/19/2006 100.0000 0.00 CLEARING BROKER CREDD SUISSE,NEW YORK)CSF13US33XX)Q 000DMSS 9/19/2006 0.00 0.00 CMS REF: 1062620113103 0.00 -9.100.000.00 SEC ID:9WOM53 REG:REPO DELIVERY PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD M/18/20D605.1900% 9/19/20D6 -9,100,000.000 9,100,000.00 CLOSE FOR IMM10089074 9/19/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK ICSFEUS&DOM 000D0355 9/19/2006 0.00 1,311.92 CLEARING BROKER CRE DIT SUISSE.NEW YOM(CSFBUS33XX)Q 00000355 0,00 9,101.311.92 CMS REF: 1062620000056 SEC to:99460PS02 REG:REPO MAR IN RELEA E -EUY 1012412006 2.51:14M FtOT 121 Workbench Mellon Custody Transaction History Report ID: CUA356 Bane Curremy: UBD 2 6 :.2162/, - 7 7/3/2 OO6 - 9/29/2006 000 OODO Trade/ Ex Date Units - PfIfiC aT Settle/ Pay Date Trade Price Commissions Description Actual Settlement Date Misc. Expense Income FX-Fee Net Local Amondt DREYFUS TREASURY CASH MANAGEMEN T 9/19/2006 0.000 -1,311.92 BOUGHT DREYFUS TREASURY CASH 9/19/2006 0.0000 0.00 CMS REF: 106262016WM 9/19/2006 0.00 0.00 SEC m:91)6085247 REG:05 coo -1,311.92 DREYFUS TREASURY CASH MANAGEMENT 9/19/2006 0.000 -133,750+00 BOUGHT DREYFUS TREASURY CASH 9/19/2006 0.0000 0.00 CMS REF: 1052620169737 9/19/2006 0.00 0.00 SEC ID:996085247 REG:05 000 -133,750.00 Total MAR IN RELEA E -BUT (2) Total Principal: -135,061.92 Total Commisaion: 0.00 Total Income: 0.00 Total Net: -135,061.92 F REI N H LDER RELEA E. D FEDERAL HOME LN MID CORP MEDIUM TERM NTS FED BOOK ENTRY DID 9/19/2006 0.000 0.00 REC INT ON 6000000.000 UNITS PAY 09/19/06 RATE 0.022 91 9/2006 0.0000 0.00 CMS REF: 106262000TI50 9/19/2006 0.00 134,400.00 SEC ID:3128X4MQl 0oo 134,400.00 HSBC FIN CORP MEDIUM TERM NIS BOOK ENTRY TRANCHE a TR 00002 DTD 9/19/2006 0.000 0.00 DTC RATE CHANGE I1130/2005 PAYABLE 9/19/2006 0.0000 0.00 CMS REF: IM2620116241 9/19/2006 0.00 29,250.00 SEC ID:40429JAW 0.00 29,150.00 Total F REI N H LDER RELBA E- D(2) Total PrinelpaL 0.00 Total Commission: 0.00 Total lvcoma 163,650.00 Total Net: 163,650.00 A H WITHDRAWAL - W HSBC FIN CORP MEDIUM TERM WS BOOK ENTRY TRANCHE a TR 00002 DID 9/19/2006 0.000 0.00 DTC RATE CHANGE Il/30/2005 PAYABLE 9/19/2006 0.0000 0.00 CMS REF: 1062620104219 9/19/2006 0.00 -29,900.00 SEC m:40429JAB3 0.00 -29,900.00 Total U. . D LLAR(U D) (T) Total Principal: -135,061.92 Total Commlaaiav: 0.00 Total Income: 135,061.92 Total Net: 0.00 9/20/2006 U. . D LIAR III DI p',,..�412j" ; .1.,4PIJ 1 1 1 1p,. 1 1 1 1 1 1 1 l " -kbo yl I I i i 1 I I i f I /© Mellon Custody Transaction History Report to: CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2 006 000 OODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense income FX Fee Net Local Amount RE EIVE V PAY - BUY UNITED STATES TREASURY NTS DTD I2/15/200333/8%12/15/2008 8/22/2006 47,200,000DDO AS.802,297.08 TRADING BROKER:LEHMAN DOW SECS INC,NY 000OD636 9/20/2006 97.0388 0.00 CLEARING BROKER LEHMAN GOVT SECS INC,NY 00000636 9/20/2006 0.00 -422,188.52 CMS REF: 1062340100545 CLIENT REF:680DO2030026679 0.00 A6,224,485.60 SEC ID:912828Bf6 REG:FRB UNITED STATES TREASURY NT DTD 11130/200427/8%11/30/2006 8/22/2006 900,000.000 -896.312.14 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33)OCQ 000D0355 9/20/2006 99.5902 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFHUS33XX%1000OD355 9/20/2006 0.00 -7,918.03 CMS REF: 1062340114172 CLIENT REF 68DO02030026684 0.00 -904,230.17 SECID:912828DD9 REO:FRB UNITED STATES TREASURY NOTES DTD 08/31/2005 4%08/31/2007 9/12/2OG6 2.500,000.000 -2,477,088.28 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33X100000OD355 9/20/2006 99.0835 0.00 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 00000355 9/20/2006 0.00 -5.524.86 CMSREF: 1062SWI16687 CLIENT REF.690DO2030026967 0.00 -2,482,613.14 SEC ID:912828EF3 REG:FRB UNITED STATES TREASURY NOTES DTD 11115/20054.500% 11/15/2010 8/22/2006 35.500,000.000 -35,186,026.29 TRADING BROKER:LEHMAN GOVT SECS INC,NY 000OD636 9/20/2006 99.1156 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY OD000636 9/20/2006 0.00 -555,652.18 CMS REF: 1062340108198 CLIENT REF.680OD2030026682 0.00 -35,741,678.47 SEC 10:91282SEMS REG:FRB UNITED STATES TREASURY NOTES DTD 07/31/20065%07/31/2008 8/24/2006 4,000,000.000 -4,009,308.80 TRADING BROKER GOLDMAN SACHS&CO,NY 00000005 9/20/2006 100.2327 0.00 CLEARING BROKER GOLDMAN SACHS&CO,NY ODOODD05 9/20/2006 0.00 -27.717.39 CMS REF: 1062360081224 CLIENT REF.680002030026695 0.00 -4.037,026.19 SEC m:912828FM7 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTO 09/20/2006 05.2000% 9/20/2006 8,800,000.000 .8,800.000.00 TRADING BROKER:CREDIT SOME,NEW YOM ICSFl3 S33XXX)OOD00355 9/20/2OG6 100.0000 0.00 CLEARING BROKER CREOtf SUISSE,NEW YORK(CSFBUS33XXX)OD000355 9/20/2006 0.00 0.00 CMS REF: 1062630117880 0.00 -8,11M.000.00 SEC ID:994601R15 REG: REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/20/2006 05.2000% 9/20/2006 10,600,000.000 -10,600,000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33XX)q 00000355 9/20/20M 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXXI 00000355 9/20/2GG6 0.00 0.00 CMS REF: 1062630118086 0.00 -10,600.000.00 SEC ID:9946OU215 RED: REPO Total RE FIVE V PAY-BUY(7) Total Principal: -IM,771,032.39 Total Commission: 0.00 Total income: .1,019,000.98 Total Net: -309,790,033.57 DEIaV ER V PAY-APr 1012412006 2:51:14PM PDT 123 Workbench Mellon Custody Transaction History Report tD: CUA356 Base Cerra cy: IISD 2 6 2162/, 7 7/3 /2006 - 9/29 /2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actoal Settlement Date Misc. Expense Income FXFee Net Local Amount FF:OFRAI NV N'T(, Vl',k ASI 1 t iYl E' IAII Ei(4SF:1I Il lilt Al.'_lum lSl UG1E 9/20/2006 IS00,000.000 1.VQ,075M AT 9/20/2006 100.0000 0.00 PROCEEDS RECEIVED AS A RESULT OF A MATURITY FOR CASH AMOUNT 9/20/2006 0.00 7,924.17 I,Soo,000.000 0.00 1,500,000.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 000099% CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 CMS REF: 1062629000448 SEC ID:313589G56 REG: FRB DELIVER V PAY-PD GOUT NATL MM ASSN II PASS THROUGH POOL BM23 VAR RATE 12/20/2026 9/1/2006 -986.070 986.07 RECD PRIN AMORT FOR AUGUST RECD TNT FOR AUGUST ON 95,7%.O.T UNITS 9/20/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/20/2006 0.00 409,10 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,395.17 CMS REF: 1062540074169 SEC 0:36225CAZ9 REG:FRB GOUT NATL MTG ASSN II PASS THROUGH POOL 080088 VAR RATE 6/20/2027 9//1/2006 -1,648.780 1,648,78 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 118,727.39 UNITS 9/20/2006 10MIX) 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 000099% 9/20/2006 0.00 531.80 CLEARINGBROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,180.58 CMS REF: HK2540074172 SEC ID:36225CC20 REG- FRB GOUT NATL MTG ASSN II PASS THROUGH POOL 80395 VAR RATE 4/20/2030 9/1/2006 -3,735.930 3,735.93 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 95,135.96 UNITS 9/20/2006 100.0000 0.00 TRADING BROKER NON BROKER TRADE, BOSTON 00009999 9/20/2006 0.00 426.13 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 4,162,06 CMS REF: 1062540074174 SEC ID:36225CNM4 REG: FRB COW NATL MM ASSN II PASS THROUGH POOL 080408 VAR RATE 5120/20M 9/1/2006 -21,414.120 21,414.12 REC D PR IN AMORT FOR AUGUST RECD INT FOR AUGUST ON 814,091.78 UNITS 9/20/2006 IMMIX) 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/20/2006 0.00 3.646.45 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 25,060.57 CMS REF: 1062560001381 SEC ID:36225CN28 REG: FRB CAVE NATL MM ASSN II PASS THROUGH POOL SN65 VAR RATE7/20/2034 9/1/2006 -18.597.230 18,597.23 RECD PRIN MOW FOR AUGUST RECD INT FOR AUGUST ON 772,074.55 UNITS 9/20/2006 ID0.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OW09999 9/20/2006 0.00 2.895.28 CLEARING BROKER NON-BROKER TRADE,BOSTON ODD09999 0.00 21,492.51 CMS REF: 1062540074166 SEC 82:36225DCB8 REG:FRB f.. 4/2T' I " '4PUl 'DT I� i i m_-kbery. Mellon Custody Transaction History Report CUA356 Rase Currency: USD 26 2162/, 7 7 /3 /2006 - 9 /29 /2006 000 OODO Trade/ Ex Date Tj is Principal �r "i*,;�'ky d" += 3 Settle/ Pay Date Trade Price Commission r` t Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount Total DELIVER V PAY - PD (5) Total Principal: 46,382.13 Total Commission: 0.00 Total Income: 7,908.76 Total Net: 54,290.89 DELIVERY PAY- ELL UNITED STATES TREASURY NIS DID 12/15/200333/8%12/15/20D8 9/19/2006 -47,200,000.000 45,857,750.00 TRADING BROKER:LEHMAN HOW SECS INC,NY 00000636 9/20/2006 97.1563 0.00 CLEARING BROKER LEHMAN OOW SECS INC,NY 00000636 9/20/2006 0.00 422.188.52 CMS REF: 1062620134666 CLIENT REF.690D02030027000 0.00 46,279,938.52 SEC ID:917828BI6 REG:FRB UNITED STATES TREASURY NT DTD 03/31/200533/4%03/31/2007 9/19/2006 .7,500,000.000 7,448,437.50 TRADING BROKER USE SECURITIES LLC,STAMFORD OW00642 9/20/2006 99.3125 0.00 CLEARING BROKER UBS SECURITIES LLC,SIAMFORD 00DO0642 9/20/2006 0.00 132,940.57 CMS REF: 1062620140116 CLIENT REF.690002030027002 0.00 7.581.378.07 SECID:912828DQO HEG:FRB UNITED STATES TREASURY NOTES DTD II/15/20054.500346 11/15/2010 9/5/2006 -8,400,000.000 8.329.803.55 TRADING BROKER LEHMAN DOW SECS INC,NY 00000636 9/20/2006 99.1643 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 9/20/2006 0.00 131.478.20 CMS REF: 1062480143681 CLIENT REP.690002030026860 0.00 8.461.281.81 SEC ID:912828EM8 REG:FRB UNITED STATES TREASURY NOTES DTD 11/15/20054.500% 11/15/2010 9/19/2006 -27,100.000.000 26,922,156.25 TRADING BROKER MORGAN STANLEY A CO INC,NY 00000050 9/20/2006 99.3438 0.00 CLEARING BROKER MORGAN STANLEY A CO INC, NY 00000050 9/20/2006 0.00 424,173.91 CMS REF: 1062620147667 CLIENT REF:690D020300270D4 0.00 27,346,330.16 SEC ID:912828EM8 REG:FRB UNITED STATES TREASURY NOTES DTD 07/31/20D65%07/31/2008 9/19/2006 -6,000,000.000 6,020,625.00 TRADING BROKER MORGAN STANLEY h CO INC,NY00000050 9/20/2006 100.3438 0.00 CLEARING BROKER MORGAN STANLEY 6 CO INC,NY ODOOOD50 9/20/2006 0.00 41.576.09 CMS REF: 106 2620 1476 74 CLIENT REP.6900020300270D6 0.00 6,062,201.09 SEC ID:912828FM7 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DID 09/19/2006 05.2200% 9/20/2006 -9,100,000A00 9,100,000.D0 CLOSE FOR 1062620113103 9/20/2006 100.0000 0.00 TRADING BROKER,-CREDIT SUISSE.NEW YORK(CSF13US33XXX)00000355 9/20/2006 0.00 1.319.50 CLEARING BROKER CREDIT SUISSE.NEW YORK(CSFBUS33XXX)00000355 0.00 9,101,319.50 CMS REF: IM263000OI 60 SEC ID:994609DM REG:REPO Total DELVER V PAY- ELL 161 Total Principal: 103,678,772.30 Total Commission: 0.00 Total Income: 1,153,676.85 Total Net: 104,832,449.15 10/24/2006 2:51:14M PDT 125 Workbench ® Mellon Custody Transaction History Report lU: CBA356 Mn,, Currency: USU 2I'61 I1I12162/,')'iT n 7/3/2006 - 9/29 /2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount MAR IN RELEA E - HUY UREY NSTREASURY CASH MANAGEMENT 9/20/2006 0.000 -1,319.50 BOUGHT DREYFUS TREASURY CASH 9/20/2006 ao600 0.00 CMS REF: 1062630189105 9/20/2006 000 0.00 SEC ID:996085247 REG:OS 0.00 -1.319.50 ELL - ELL DREYFUS TREASURY CASH MANAGEMENT 9/20/2006 0 000 2,404,613.03 SOLD DREYFUS TREASURY CASH 9/20/2006 00000 0.00 CMS REF: 1062630189108 9/20/2006 000 0.00 SEC ID:996085247 REG:05 0.00 2,404,613.03 Total U. . D LLAR(U D) (2 l Total Princlpoi: -150,508.80 Total CommieMon: 0.00 Total income: 150,508.80 Total Net: 0.00 9/21/2005 U. . D MAR(U D) RE E[VE V PAY -BUY FEDERAL NATL MTO ASSN DISCOUNT NT MATURES FEBRUARY 28,2007 INCOME 9/20/2006 1,886,000.000 -1,843,166.84 AT 9/21/2006 97.7289 0.00 TRADING BROKER:UBS SECURITIES LLC,STAMFORD 0000M42 9/21/2006 0.00 0.00 CLEARING BROKER UBS SECURITIES LLC,STAMFORD 000W642 0.00 .1,843,166.84 CMS REF: 1062630146106 CLIENT REF:690006030009627 SEC ID:3135BSCL7 REG:PRB FEDERAL NAIL MTO ASSN DISCOUNT NTMATURES NOVEMBER 15,2006 INCOME 9/21/2006 700,000.D00 .694.503.06 TRADING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NYOOOD0161 9/21/2006 99.2147 0.00 CLEARING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NY 00000161 9/21/2006 0.00 0.00 CMS REF: 1062640066092 CLIENT REF:690006030OD9632 0.00 ,694,503.06 SEC ID:313589P56 REO:FRB FEDERAL NATL MTO ASSN DISCOUNT NT MATURES NOVEMBER 15,2006 INCOME 9/21/2GO6 200.000.000 -198,429.44 TRADING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NYOOOOD161 9/21/2006 99.2147 0.00 CLEARING BROKER MERRILL LYNCH PIERCE FENNER SMITH INC NY 00000161 9/21/2006 0.00 0.00 CMS REF: 1052640088318 CLIENT REF.690006030009635 0.00 .198,429A4 SEC ID:313589P56 REG:FRB FEDERAL HOME LN BKS CONS BD DTD 04/05/2OD4 2.35%04/05/2007 9/21/2006 365,000.000 ,359,295.05 TRADING BROKER:LEHM AN DOW BECS INC,NY 000OD636 9/21/2006 98.4370 0.00 CLEARINO BROKER LEHMAN OOVT SECS INC,NY OD000636 9/21/2006 0.00 .3,955.13 CMS REF: 1062640080766 CLIENT REF.690006030OD9634 0.00 ,363,250.23 SEC to:31359MUV3 REG:FRB '-4/2lf- 1- "I'MI 'DT I Ilt, r (( � ... .kyerf I ! 1 1 1 1 1 ©/ Mellon Custody Transaction History RepertID: CUA356 Base Currency: Dan 2 6 2162/, 7 7/3 /2 006 - 9 /2 9/2 006 000 D00o Trade/ Ex Date Units - " Principal'. Settle/ Pay Date Trade Price- Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/21/2006 05.200016 9/21/2006 8,800,000AOU -8,800,000.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33)CXX100000355 9/21/20D6 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33K)XI 00000355 9/21/2006 0.00 0.00 CMS REF: 10626W 143303 0.00 -8,800,000.00 SEC ID:99460W070 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/21/200605.2000% 9/21/2006 11,900,000.000 -11,900,G00.00 TRADING BROKER CREDIT SUISSE,NEW YOM jCSFBU333)O0Q OODD0355 9/21/2006 100.0000 ODD CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)XX(ODDD0355 9/21/2006 0.90 G.00 CMS REF: 10626W 146442 0.00 -11,9m,000.00 SEC W:99460W070 REG:REPO Total RE EIVE V PAY -BUT' (6) Total Principal: -23,795,394.39 Total Commission: 0.00 Total Income: -3,955.18 Total Net: -23,799,349.57 DELVERV PAY-BST UNITED STATES TREASURY BILL DTD 03/23/2006 DUE 09/21/2006 9/21/2006 -4,4DO,000.G00 4,395,942.96 PROCEEDS RECEIVED AS A RESULT OF A MATURITY FOR CASH AMOUNT 9/21/2006 100.0000 0.00 4,4011000.000 9/21/2006 0.00 4,057.04 TRADING BROKER NON-BROKER TRADE,BOSTON 000099% 0.00 4,400,000.00 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 CMS REF: 1062639000961 SEC ID:912795XW6 REG-FRB DELIVERY PAY- ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/20/200605.2000% 9/21/2006 -8,800,000.000 8,800,000.00 CLOSE FOR 1062630117880 9/21/2006 IGO.GOG0 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFSUS33XX)Q 000DO355 9/21/2006 0.GO 1,271.11 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)OD000355 0.00 8,801,271.11 CMS REF: 1062640000171 SEC W:99460U215 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/20/2DO6 05.2000% 9/21/2006 -10,600.000.000 10,600,000.01) CLOSE FOR 1062630118086 9/21/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBU333XX)Q OOOOD355 9/21/2006 0.00 1.531.11 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSF13US3=M 000DO355 0.00 10,601,531.11 CMS REF: IM2640000173 SEC ID:99960U215 RED: REPO Total DELIVER V PAY- ELL(2) Total Principal: 19,400,00noo Total Commission: 0.00 Total Income: 2,802.22 Total Net: 19,402,802.22 MAR IN RELEA E - BUY 10/24/2006 2:51:141'hf PDT 127 wb, ! M Mellon Custody Transaction History Report M: CUA356 Bose Currency: USD 2LS'M2162/,i II'7 1 1 7 /3 /2006 - 9/29 /2006 OOD ODDO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount I)REYFUSIRE%SURY CASH MAN.AGEMEN'1 9/21/2006 0.000 -2.181,54 BOUGIITDREYFUSTREASURYCASH 9/21/2006 0.0000 0.00 CMS REF: 1062640185148 9/21/2006 0.00 0.00 SEC 0:996085247 REG:05 0.00 -2,181.54 DREYFUS TREASURY CASH MANAGEMENT 9/21/2006 0.000 -1,271.11 BOUGHT DREYFUS TREASURY CASH 9/21/2006 0.0000 0.00 CMS REF: 1062640185149 9/21/2006 0.00 0.00 SEC ID:99WB5247 REG:05 0.00 -1,271.11 Total 18AR IN REL E-BUY (2) Total Principal: -3,452.65 Total Commisalan: 0.00 Total Income: 0.00 Total Net: -3,452.65 Total U. . D LIJ R in D) ( I Total Principal: .2,904.08 Total Commission: 0.00 Total Income: 2,904.0B Total Net: 0.00 9/22/2006 U. . D LLAR in D) RE EIVEV PAY -11I11 WELLS FARGO BANK COMPANY NA DTD 0912212006 05.260%10/03/2006 9/21/2006 2,400,000.000 -2,400,000.00 TRADING BROKER WELLS FARGO BROKERAGE SVCS LLC, MINNEAP OD000025 9/22/2006 100.0000 0.00 CLEARINGBROKER WELLS FARGO BROKERAGE SVCS LLC,MINNEAPOOD00025 9/22/2DO6 0.00 0.00 CMS REF: 1062640185669 CLIENT REF:69DO06030OD9639 0.00 -2,400,000.00 SEC01:9497PST59 REG:DTC CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/22/2OD6 05.2100% 9/22/2006 8.800,000.000 .8,800.000.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBLB33XX?Q 00000355 9/22/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 9/22/2006 0.00 0.00 CMS REF: 1062650109510 0.00 -8,800,000.00 SEC ID:9946OY209 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/22/2006 05.2100% 9/22/2006 9,500,000.000 -915001000.00 TRADING BROKER CREDIT SUISSE, NEW YOM(CSFBLIS33XX Q 00D00355 9/22/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XK)Q 000003SS 9/22/2006 0.00 0.00 CMS REF: 1062650116639 0.00 .9,500,000.00 SEC ID:9946OY209 REG:REPO Total RE MW V PAY -BUY (3) Total Principal: -20,700,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -20,700,000.00 ,.n.n4/2 ' 2.-..14PM, ^DT r l�o 1 1 I i ) 1 . -k6en'. I I - 1 1 _ I 1 1 I 1 1 I 1 I 1 1 I 1 /© Mellon Custody Transaction History Reportm: CUA356 Ease Currency: USD 2 6 21621, 7 7/3 /2 006 - 9/29 /2006 0000000 Trade/ Ex Date Unite:' ^'pnaEtp31 Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount DELIVER V PAY - ELL CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/21/20D6 05,2000% 9/22/2006 -8.800,000.000 8,800,000.00 CLOSE FOR 1062640143303 9/22/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YOM(CSFBUS33)OM 000D0355 9/22/2006 0.00 1,271.11 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33KXX)00000355 0.00 8,801.27 L 11 CMS REF: 106 2650 0001 52 SEC ID:99460W070 REG:REM CS FOB CAT I REPO REPURCHASE AGREEM ENT DTD 09/2I/200605.20001'. 9/22/2006 .11.900.000,000 11,900,000.00 CLOSE MR 1062M(1146442 9/22/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEW YORK ICSPBUS33XXX100000355 9/22/2006 000 1,718.89 CLEARING BROKER CREDIT SUISSE,NEW YOM ICSFBUS33XXXI 00000355 0.00 11,901,718.89 CMS REF: 1062650000183 SEC ID:99460W070 REG:REPO Total DELIVER V PAY- ELL(21 Total Principal: 20,700,000.00 Total Commission: 0.00 Total Ineome: 2,990.00 Total Net: 20,702,990.00 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/22/2006 0.000 -1,718.89 BOUGHT DREYFUS TREASURY CASH 9/22/2006 0.0000 0.00 CMS REF: IM2650197445 9/22/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,718.89 DREYFUS TREASURY CASH MANAGEMENT 9/22/2006 OA00 -1,271.11 BOUGHT DREYFUS TREASURY CASH 9/22/2006 0.0000 0.00 CMS REP: 1062650197446 9/22/2006 0.00 0.00 SEC 0:995085247 REG:05 0.00 -1.271.11 Total MAR IN RELEA E -RUT' (21 Total Principal: -2,990.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -2,990.00 Total U. . D LLAR(U DI (7) Total Principal: .2,990.00 Total Commission: 0.00 Total Income: 2,990.00 Total Net: 0.00 9/25/2006 U. . D LLAR(U DI BE EIVE V PAY - BUY 1012412006 2:51:14PM PDT 129 Workbench ® Mellon Custody Transaction History Repot m: CUA356 Base Currency: USD 21i6111IU2162/, 7 7/3 /2 006 - 9/29 /2 006 ODD DODO Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local.Amount CS POn CAT I R1.11) NITMPR 11A51:A(1111 AIEN1 urn 09/25/200605.2200% 9/25/2006 Lsno,00a000 -1,500,000,00 TRADING BROKER:CRLDII'SUME. NF l9 YORK(CSFUU533)QK7Q 00DO0355 9/25/2006 100,0000 0.00 CLEARING BROKER:CREDIT SUISSE,NEW YORK(CSFBUSMXXJ)000OD355 9/25/2006 0.00 0.00 CMS REF: 1062680099621 0.00 -1.500,000.00 SEC ID:99460Z974 REG:REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/25/2006 05.2200% 9/25/2006 9,600,000.000 -9,600,000.00 TRADING BROKER CREDIT BUSSE,NEW YORK(CSFBUS33X=00000355 9/25/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 9/25/2006 0.00 0.00 CMS REF: ID62680099792 0.00 -9,600,000.00 SEC ID:9946OZ974 REG:REPO Total as; BrIm V PAV -BUY I2i Total Principal: .11,100,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: -11,100,00D.00 DELIVERY PAY-PD FEDERAL NATL MTG ASSN OTO PASS THRU CTF POOL 2546315%211120 IS 941/2006 -1,357.960 1,357.96 REC D PRIN AMORT FOR AUGUST REC D INT FOR AUGUST ON 99,384.05 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 000M999 9/25/2006 0.00 414.10 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1.772.06 CMS REF: 1062540074067 SEC ID:3I371 KY47 REG:FRB FEDERAL NATL MTO ASSN OTD PASS THRU CTF POOL 254760 5%6/112018 9 1/2006 -1319.790 1,319.79 RECD PRIN AMORT FOR AUGUST RECD ENT FOR AUGUST ON 89,756.13 UNITS 9/�5/2006 t00.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 373.98 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 1.693.77 CMS REF: 1062540074071 SECID:31371K5V9 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 254866 5%9/1/2018 941/2006 -558.830 558.83 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 40,337.64 UNITS 9/ 5/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON OD009999 9/25/2006 0.00 168.07 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 726.90 CMS REF: 106 2540 0740 84 SECID:31371LCB3 REG:FRB FEDERALNATLMTG ASSN GTD PASS THRU CTF PDOL254907 6% 10/112018 9//1/2006 -5753.140 5,753'14 RECD MIN AMORT FOR AUGUST RECD SIT FOR AUGUST ON 303,454.58 UNITS 9/25/2006 /00.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 1,264.39 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 7,017.53 CMS REF: 1062540074081 SEC ID:31371 LDL0 REG:FRB 1 '7412/f^6 i e"14PAk or I I 1 I 1 1 1 1 1 1 I 1 I I I 1 I I Mellon Custody Transaction History Report to: CUA356 Base Currency: USD 2 6 2162/, 7 7/3/2006 - 9/29/2006 0000000 Trade/ Ex Date Units 'Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount FEDERAL NAIL MTG ASSN GTD PASS THRU C9T FOUL 2549535% 11/1/2018 9/1/2006 -3,081840 3,081.84 RECD PROD AMORT FOR AUGUST RECD MT FOR AUGUST ON 215,616.74 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 898.40 CLEARING BROKER NON-BROKER TRADE,BOSTON 000(X)W9 0.00 3.980.24 CMS REF: IM2540074078 SECID:31371LE21 REG: FRB FEDERAL NATL INTO ASSN GTD PASS THRU CIF FOOL 2M987 5% 1211/2018 9/1/2006 -8,789.090 8.789.09 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 591,123.47 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 2,463.01 CLEARING BROKER NON BROKERTRADE,BOSTONODOD9999 0.00 11,252.10 CMS REF: 1062540074074 SEC ID-3137I F46 REO:FRB FEDERAL NATL MTG ASSN GM PASS THRU CTFPOOL 357430 5%911/2018 %/1/2006 -953.660 953.66 RECD MIN MOW FOR AUGUST RECD INT FOR AUGUST ON 73,395.04 UNITS 9/25/3006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 000099" 9/25/2006 0.00 305.81 CLEARING BROKER NON-BROKER TRADE,BOSTON OOOU9999 0.00 1,259.47 CMS REF: 1062540073958 SEC ID:31376KA71 REG: FRB FEDERAL NATL MTG ASSN GM PASS THRU CTF FOOL 5553635%4111M 18 9/1/2006 -3,360.140 3,360.14 RECD MINAMORT FOR AUGUST REC D INT FOR AUOUSr ON 214,979.23 UNITS 9/25/2006 IG00000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 895.75 CLEARING BROKER NON-BROKER MADE.BOSTON 00DO9999 0.00 4,255.89 CMS REF: 106254OW4161 SECID:3I385W5yI REO:FRB FEDERAL NATL MTG ASSN GTD PASSTHRU CIF FOOL 555545 5%6/1/20 18 %/1/2006 -2845.050 2.845.05 RECD MINAMORT FOR AUGUST RECD INT FOR AUGUST ON 178.789.14 UNITS 9/35/2006 (00.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/20M 0.00 744.95 CLEARINOMOKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,590.00 CMS REF: I06 2 5400741 57 SEC W:3I385XES2 REG:FRB FEDERAL NAIL MTO ASSN GTD PASS THRU CTF POOL 5556215%7/l/2018 9//1/2006 -10.489.970 10,489.97 RECD MINAMORT FOR AUGUST RECD INT FOR AUGUST ON 604,635.95 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON ODOM" 9/25/2006 0.00 2.519.31 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 13.009.28 CMS REF: 1062WM4154 SEC ID:31385XG68 REG: PER FEDERAL NATL INTO AW14 GTD PASS THRU CIF POOL 681309 5%2/1/20 IS %/1/2006 -5,031.780 5.031.78 RECD MIN AMORT FOR AUGUST RECD MT FOR AUGUST ON 347,343.06 UNITS 9/R5/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 1,447.26 CLEARINGBROKER NON-BROKER TRADE,BOSTON 00009999 0.00 6,479.04 CMS REF: 1062540D74093 SEC ID:31391US4 REG: FRB 1012412006 2:51:14PM PDT 131 Wwk1sonth ® Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2r611M12162/,I If 117'11A 7/3 /2006 - 9 /29 /2006 000 DODO Trade/ Ex Date Units - Principals Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income -- FX Fee Net Local-Amo ab •EDDERAL NATL MTO ASSN GI'1) PMS"I'❑RU CI I Y]UI,681334 ML 2/1/2018 1/1/2006 -530.180 533.18 RECD PRINT AMORT FOR AUGUS'I'RECD IN'I FOR AUGUST ON 12,105.69 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 '1/25/2006 0.00 175.44 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 708.62 CMS REP: 1062540074089 SEC ID:31391Y4T1 REG:FRB FEDERAL NATL MTG ASSN GTD REMIC PASSTHRU CTF REMIC TR 9/1/2006 -909.180 909.18 RECD PRIM AMORT FOR AUGUST RECD TNT FOR AUGUST ON 22,723.98 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 80.48 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 989.66 CMS REP: 106 2560 0014 01 SEC ID:31393ESPS REG:FRB FEDERAL NATL MTO ASSN GTD REMIC PASSTHRU CTF REMIC TR 2003-83 TO 9/l/2006 -5,552.280 5,552.28 RECD PRINT AMORT FOR AUGUST RECD FIT FOR AUGUST ON 100,000.00UNTT9 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 291.67 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 5,843.95 CMS REP: 1062560001395 SEC ID:31393ESY6 REG: FRB FEDERAL NATL MTO ASSN OTD REMIC PASST14RU CTF REMIC TR 9/1/2006 -3116.980 3,116.98 RECD PRIN AMORT FOR AUGUST RECD TNT FOR AUGUST ON 84,167.14 UNITS 9/25/2006 f00.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 245.49 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,362.47 CMS REF: 1062560001391 SEC ID:313937BC9 REO: FRB FEDERAL NATL MTO ASSN GTD REMIC PASSTHRU CTF REMIC TR 9//1/2006 -32,240.690 32,240.69 RECD PRIN AMORT FOR AUGUST RECD TNT FOR AUGUST ON 833,661.44 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00DO9999 9/25/2006 0.00 2.431.51 CLEARINOBROKER NON-SROKERTRADE,BOSTON 00009999 0.00 34.672.20 CMS REF: 106 2560 0013 88 SEC ID:31393T2E5 REG:FRB FEDERAL NATL MTO ASSN GTD PASS T14RU CIF POOL 684798 5 1/2%3/1/2033 9//1/2006 -3,841.890 3,841.89 RECD PRIN AMORT FOR AUGUST RECD TNT FOR AUGUST ON 233,955.78 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON OD009999 9/25/2006 0.00 1.072.30 CLEARING BROKER:NON-BROKERTRADE,BOSTONOOOD9999 0.00 4,914.19 CMS REF: 1062540074148 SEC ID:31400DX31 REG: FRB FEDERAL NATL MTO ASSN GTD PASS THRU CTF POOL684908 5% 5/1/2018 %/1/2006 -2,577.980 2,577.98 RECD PRIN AMORT FOR AUGUST RECD TNT FOR AUGUST ON 221,454.32 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 922.73 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,500.71 CMS REF: 1062540074122 SECID:31400D3R1 REG: FRB f.,,,4/ari.,. t,....9PM, 7Dr � � � � � �I 1�� UA,.kbe _ I _ I 1 1 I 1 i 1 i 1 I 1 1 I 1 /© Mellon Custody Transaction History Report m: CUA356 Base Curtency: USD 2 6 22162/, 7 7/3 /2006 - 9/29/2006 000 OODO Trade/ Ex Date Units - Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount FEDERALNATLMTGASSN G'I'D VASSTHRU CTF MOL6852005%3/1/2018 9/1/2006 -1,335.970 1,335.97 RECDPRINAMORT FOR AUGUST RECDINT FOR AUGUST ON 122.767.15UNTTS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/20G6 0.00 511.53 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 1,847.50 CM9 REF: 1062510074129 SEC ID:31400EGH7 REG:FRB FEDERAL NATL INTO ASSN GTD PASS THRU CT POOL 6863185%3/l/2018 9//1/2006 -3.748,450 3.748.45 RECD PRIN AMORT FOR AUGUST RECD MT FOR AUGUST ON 182.693.31 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 761.22 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 4,509.67 CMS REF: 106 2540 0741 19 SEC ID:31400FPB7 REG:FRB FEDERAL NAIL MTO ASSN OTD PASS THRU CTF POOL 688739 5%6/1/20 18 9//1/2006 -5,657.780 5,657.78 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 68.923.02 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON ODOD9999 9/25/2006 0.00 287.18 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 5,944.96 CMS REF: ID62WO74115 SEC ID:31400JEL9 REG: FRB FEDERAL NAIL MTO ASSN GTD PASS THRU CIF POOL 689859 5%5/1/2018 9/1/2006 -400.420 400.42 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 75.392.37 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 314.13 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0,00 714.55 CMS REF: 1062540074112 SEC ID:31400KM08 REG: FRB FEDERAL NATL MTG ASSN GM PASS THRU CTF POOL 6938345%3/1/2018 %/1/2006 -8,516.150 8,516.15 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 383,360,04 UNITS 91 5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00D09999 9/25/2006 0.00 1,597.34 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 10.113.49 CMS REF: 1D62540074127 SEC ID:31400PY74 REG:FRB FEDERAL NATL MTG ASSN OID PASS THRU CTF POOL 695852 5%5/l/2018 9//1/2006 -1,551.990 1,SSI.99 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 148,812.85 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 620.05 CLEARING BROKER NON-BROKER TRADE,BOSTON OOD09999 0.00 2.172.04 CMS REF: 1062540074131 SEC 0:314008BVO REG:FRB FE DERAL NATL MTG ASSN GTD PASS THRU CTF POOL 6958895%5/l/2018 9/1/2006 -14,850.570 14,850.57 RECD PRIN AMORr FOR AUGUST RECD INT FOR AUGUST ON 526,036.36 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 2,191.82 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 17,042.39 CMS REF: 1062540074134 SEC ID:31400SC23 REG:FRB 1012412006 2:51:14PM PDT 133 Work6enA Mellon Custody Transaction History ReFnUD; CUA356 Heee Carrenep. USD 2 6 21621, 7 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actnal Settlement Date Misc. Expense Income FX.Fee Net Local Amount FEUERALNATL INTO ASSNG'ID11,.S THRU CTF FDOL7022105%5/l/2018 9/1/2006 -890.630 890.63 RECD PRIN AMORT FOR AUGUST RECD MT FOR AUGUST ON 143,373.89 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009M 9/25/2006 0.00 597.39 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 1,488.02 CMS REF: 1062540073997 SECID:31401ADP9 REO:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 702328 5%5/l/20 IS 9/i/2006 -900.910 900.91 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON BE,409.49 Ut8I8 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 368.37 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,269.28 CMS REF: 1062540073994 SEC ID:31401AHD2 REG:FRB FEDERAL NAIL MTG ASSN GM PASS THRU CIF POOL 709148 5%6/1/2018 9/1/2006 4,504.430 4,504.43 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 186,228.79 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 775.95 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 5,280.38 CMS REF: 10625,10073991 SEC ID:314011In47 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF FOOL7093605%7/1/2018 9/1/20G6 -6,643.030 6.643.03 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 365,494.91 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009M 9/25/2006 0.00 1,522.89 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 8,165.92 CMS REF: 1062540073988 SEC IN:31401JB56 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTFFOOL 7098265%6/I/2018 9 1/2006 -1,285.820 1,285.82 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 72,898.03 UNITS 9/�5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2DO6 0.00 303.74 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,589.56 CMS REF: 1062540073985 SEC 81:31401JSP4 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 709917 5%6/1/2018 9/1/2006 -1,229.000 1,229.00 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 148,067.64 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OW09999 9/25/2006 0.00 616.95 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 1.845.95 CMS REF: 1%2540073982 SEC ID:31401JW4 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF FOOL 710235 5%6/1/2018 9/l/2006 -3,908.D90 3.908.09 RECD PRIN AMORT FOR AUGUST RECD KIT FOR AUGUST ON 361,456.75 UNITS 9/25/2006 IDO.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.G0 1,506.07 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 5.414.16 CMS REF: 1062540073979 SEC 0D:31401KBC8 REG:FRB /© Mellon Custody Transaction History Report CUA356 Base Currency: USD 2 6 2162/, 7 7 /3 /2006 - 9/29 /2006 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 7133655%7/1/2018 9/1/2006 1.770510 1,770.51 RECD PRIN AMORT FOR AUGUST RECD PIT FOR AUGUST ON 153,511.89 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NOWBROKER TRADE, BOSTON 00009999 9/25/2G06 0.00 639.63 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00DO9999 0.00 2,410.14 CMS REF: 1062540073977 SEC ID:31401 NQS 1 RED:FRB FEDERAL NATL INTO ASSN DID PASS THRU CIF POOL 7203195%7/l/2018 9/1/2006 -5,911.420 5,911.42 RECD PR IN AMORT FOR AUGUST RECD INT FOR AUGUST ON 453,529.57 UNITS 9/25/2OG6 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 1,889.71 C LEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7,801.13 CMS REF: 1062540073974 SEC ID:31401 WG45 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 7203695%6/1/2018 9/1/2006 -17,726.030 17.726.03 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 1.568,872.M UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON OOD09M 9/25/2006 0.G0 6,536.97 CLEARINGBROKER NON-BROKERTRADE,BOSION00D09999 0.00 24,263.00 CMS REF: 106254OW3970 SEC 03:31401 WJNO REG:FRB FEDERAL NATL MTO ASSN GTD PASS THRU MY IOOL7216295%7/l/MI8 9/1/2006 -1,274.460 1,274.46 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 199,9M.73 UNNS 9/25/2006 100.0000 0.00 TRADING BROKER-NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 833.06 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,107.52 CMS REF: ID62540073967 SEC 1D:31401XM4 MG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 723487 5%6/1/2018 9//1/2006 -920.690 920.69 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 171,798.09 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 0D009999 9/25/2006 0.00 715.83 CLEARING BROKER:NON-BROKER TRADE,BOSTON OODD9999 0.00 1,636.52 CMS REF: 10 6 2 510 073 9 6 4 SEC ID:31402AXQ4 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 7255305%6/1/2019 9/1/2006 -32.774.980 32,774.98 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 2,292,799.31 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 9,553.33 CLEARINGBROKER NON-BROKERTRADE,BOSTON00009999 am 42,328.31 CMS REF: 1062540073961 SEC ID:31402DA75 REO:FRB FEDERAL NATL INTO ASSN GTD PASS THRU CIP POOL 7296015%7/112018 9/1/2G06 -3.111.350 3,111.35 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 26B,621.81 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 1,119.26 CLEARING BROKER: NON-BROKERTRADE,BOSTON00D09999 0.00 4.230.61 CMS REF: 1062540074064 SECID:31402HRW3 REG:FRB 10/24/2006 2.51:14PU PDT 135 Wnr ch ® Mellon Custody Transaction History Repoli m: CUA356 Base Currency: USD 21161'1712162/,'J'17 1". 7/3/2006 - 9/29/2006 0000000 Trade/ Ex Date Units P iicipa Settle/ Pay Date Trade Price Commission' Description Actual Settlement Date Misc. Expense Income FX Fee Net LocaLA'ivua$ I'I'1OERALNATLM'TG ASSN GTD I'ASS'FHRU CIF IUOL"7A18, IY, II/1/2018 9/1/2u06 -1'26.070 126.07 RECDPR IN AMORT FOR AUGUST RECD INT FOR AUGUST ON 23,463.66 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 000099% 9/25/2006 0.00 97.77 CLKARMGBROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 223.84 CMS REF: 1062540074061 SEC ID:31402MFNS REG:FRB FEDERAL NATL MTG ASSN OM PASS THEO CTF POOL737130 5% 10/1/2018 9//1/2006 -2,536.330 2,536.33 REGO PRIN AMORT FOR AUGUST RECD INT FOR AUGUST'ON 415,832.39 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 1.732.64 C LEARING BROKER NON-BROK ER TRADE,BOSTON 00DO9999 0.00 4,26597 CMS REF: 1062MG074058 SEC ID:3140294P9 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 7382115% 10/1/2018 9 1/2D06 -4,429.440 4,429A4 RECD PR W AMORT FOR AUGUST REG D INT FOR AUGUST ON 379,703.78 UNITS 9/�512006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009M 9/25/2006 0.00 1,582.10 CLEARING BROKER NON-BROKERTRADE,BOSTONOOD09999 0.00 6,011.54 CMS REF: 106 2540 0740 55 SEC ID:31402UDQ2 REG:FRB FEDERAL NATL MTG ASSN GTD PASS 7HRU CM POOL 738487 5% ID/1/2018 9 1/2006 -629.010 629.01 RECD PRIN AMORT FOR AUGUST RECD NT FOR AUGUST ON 119.230.56 UNRS 9/�5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00DO9999 9/25/2006 0.00 496.79 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1,125.80 CMS REF: 1062540074053 SEC ID:31402UNC2 REG:FRB FEDERAL NATL INTO ASSN DID PASS THRU CTF POOL 740457 5% 10/1/2018 9//1/2006 -35.955.580 35,955.58 REG D PR IN AMORT FOR AUGUST RECD IN FOR AUGUST ON 1,511,348.61 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 6,297.29 CLEARING BROKER NON-BROKER TRADE,BOSTON 0 0009 999 0.00 42,252.87 CMS REF: 1062540074050 SEC ID:31402WIN8 REG: FRO FEDERAL NATL MTG ASSN OTD PASS THRU CTF POOL 7404715% 10/1/2018 9//I/2006 -2,510.350 2,510.35 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 473,399.02 UNITS 9/75/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 1,972.50 CLEARING BROKER NON-BROK ER TRADE,BOSTON 000W999 0.00 4,482.85 CMS REF: 1062540074047 SEC ID:31402WT40 REO:PRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL740748 5% 10/1/2018 91/2006 -2.914.140 2,914.14 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 505,294.35 UNITS 9/�5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 2,105.39 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 5,019.53 CMS REF: 1062540074044 SEC ID:31402W5H7 REG:FRB ram. ''14/2(f, V 14PA4.I 'PT 9- 1 1�< 1 r r ` .v� ■ Q Mellon Custody Transaction History Report ID: CUA356 Baer Currency: USD 26 21621, 7 7 /3 /2 0 06 - 9 /2 9 /2 006 000 0000 - Trade/ Ex Date - Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee Net Local Amount FEDERAL NAII,MTO ASSN GTU PASS THRU CTF FOOL 743868 5% 11/1/2018 9/1/2006 -559.800 559.80 RECD MIN AMORT FORAUGUSTRECD 0ITFORAUGUST ON 25.495.95 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 106.23 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 666.03 CMS REF: 1062590079042 SECID:31403BMR1 REG:FRB FEDERALNATL MTG AWN GM PASS THRU CTF PO01.7440085%7/l/MIS 9/l/2006 -4,530.330 4,530.33 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 730,MB.45 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON OD009999 9/25/2006 0.00 3,G43.16 CLEARINGBROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7,573.49 CMS REP: 1062540074039 SECID:314U3BR54 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 744316 5%9/1120 18 9//1/2006 -2,596.440 2,596.44 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 106,269.34 UNITS 9/RS/20G6 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00DO9999 9125/20M 0.00 442.79 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 3,039.23 CMS REP: 10625400740M SECID:3I403E324 REG:FRB FEDERAL NAIL MTO ASSN GTD PASSTHRU CIF POOL 7479145% 11/1/2018 9/1/2G06 -1,640.090 1,640.09 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 221,630.23 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00DO9999 9/25/2006 0.00 923.46 CLEARINO BROKER NON-BROKER TRADE,BOSTON OODD9999 0.00 2,563.55 CMS REF: 1052540074034 SEC ID:31403F3K0 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 748400 5%8/1/20 18 9 I/2006 -3.237.850 3,237.35 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 128,831.62 UNITS 9/�5/2006 100.0000 0.00 TRADING BROKER:NOWBROKER TRADE, BOSTON 00DO9999 9/25/2006 0.00 536.80 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 3.774.65 CMS REF: 1062540074029 SECID:31403GNR9 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 7488995% 12/1/2018 9//1/2DD6 -9.130.G80 4.130.0E RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 672,478.70 UNITS 9/R5/2DG6 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OW09999 9/25/2DO6 0.00 2,802.00 CLEARING BROKER NON-BROKER TRADE,BOSTON OODD9999 0.00 6,932.08 CMS REF: 1062540074026 SEC ID:31403G7LO REG: FRB FEDERAL NATL MTO ASSN GTD PASS THRU CIF POOL 750377 5% 11/1/2018 9/l/2DO6 -7,712.850 7,712.85 RECD MIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 1,397,283.70 UNITS 9/25/2DO6 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00DO9999 9/25/2DO6 0.00 5,822.02 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 13.534.87 CMS REF: 106254OU74025 SEC ID:31403JUA2 REG:FRB 1012412006 2:5IA4PM PDT 137 Workbench ® MellonCustody Transaction History Report ED: CUA356 Base Currency: USD 2❑61 112 162/,11171[! 7/3/2006 - 9/29 /2006 0000000 Trade/ Ex Date Units Princi a Settle/ Pay Date - Trade Price Commission Description Actual Settlement Date Misc. Expense Income FX Fee - Net Local Amount FEDERAL NAIL MTG ASSN GTD PASS THRU OIT POOL 7503805% 11/1/2018 9/1/2006 -12,559-840 12,55981 RECD PRIN AMOK FOR AUGUST RECD INT FOR AUGUST ON 1.176,837.82 UNITS 9/25/2006 I00A000 0.00 TRADING BROKER NON-BROKER TRADE, BOSTON 00009999 9/25/2006 0.00 4,903.49 CLEARING BROKER RON-BROKER TRADE,BOSTON 00DO9999 0.00 17,463.33 CMS REF: 1062540074022 SEC ID:31403JUD6 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 750445 5% 11/112018 9/1,2006 -585.I10 585.11 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 112,731.99 UNNS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 469.72 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 1.054.93 CMS REF: 1062M0074019 SEC IN:31403JWE2 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS 711RU CTP POOL 751960 5% 12/1/2018 9/1/2006 -21,699.780 21.699.78 RECD PRIN AMORT FOR AUGUST RECD QNT FOR AUGUST ON 524,M 1.28 UNITS 9/25/2006 100.D000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OD009999 9/25/2006 0.00 2.184.59 CLEARING BROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 23.884.37 CMS REF: 1062540074016 SEC ID:31403LMHl REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 7534255% I1/1/2018 9/l/2006 -14,448.470 14."8.47 RECD PRIN AMORT FOR AUGUST RECD INT FORAUGUST ON 559,815.65 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE, DOSTON 00009999 9/25/2006 0.00 2,332-57 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 16,781.04 CMS REF: 1062540074015 SEC ID:31403MA23 REG: FRB FEDERAL NATL MTG ASSN GTD PASS THRU CTF POOL 755165 5% 12/l/2018 9//I/2006 -5,770.900 5,770.90 RECD PRIN AMOK FOR AUGUST RECD IN FOR AUGUST ON 412,%3.68 UNITS 9/R5/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 1,719.02 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 7,489.92 CMS REF: 1062540074011 SEC m:31403Q6A3 REG:FRB FEDERAL NATL MTG ASSN GTD PASS ITTRU CIF POOL 7563725% 11/l/2018 9/1/2006 -17,931.600 17,931.60 RECD PRIN WOW FOR AUGUST RECD INT FOR AUGUST ON 731,571.66 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 3,048.22 CLEARING BROKER NON-BROKERTRADE,BOSTON 00009999 0.00 20,979.82 CMS REF: 1062540074008 SEC I):31403WRB REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 789670 5% 12/112019 9//T/2006 -15,329.320 15,329.32 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 706,M9.61 UNITS 9/35/20D6 100.0000 0.00 TRADINGBROKERNON-BROKERTRADE, 130STON00009999 9/25/2006 0.00 2,941.92 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 18,271.24 CMS REF: 1062540073999 SEC ID:31405HJP4 REG: FRB fn.q4/2(r I" 14MI Dr � � i 1 1 40 0 Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, _ 7 7/3/2006 - 9/29/2 006 000 OOD0 Trade/ Ex Date Units. - Principal Settle) Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description - FX Fee Net Local Amount FEDERALN An,MTGASSN GTD PASS"BiRU CTF P001,7924325% ID/l/2019 9/l/2006 -3.413,240 3413.24 RECD PRIN AMORT FOR AUGUST RECD INT FOR AUGUST ON 697,40(1.10 UNITS 9/25/2006 100.G000 0.00 TRADING BROKER:NON-BROKER TRADE,BOSTON 00DO9999 9/25/2006 0.00 2.905.86 CLEARINGBROKER NON-BROKER TRADE,BOSTON 000D9999 0.00 6,319.10 CMS REF: 1062540074005 SEC ID:31405LLM9 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 7941955% 1[/]12019 9/1/2006 -3.167.630 3.167.63 RECD PRIN AMORT FORAUGUST RECD INT FOR AUGUST ON 664.154]I UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON BROKERTRADE,BOSTON 00009999 9/25/2006 0.00 2,767.31 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0,00 5,934.94 CMS REF: 10525,100740M SEC ID:31405NKG9 REG:FRB FEDERAL NATL MTG ASSN GTD PASS THRU CIF POOL 800370 5% 12/l/2019 9/1/20D6 -1.485.590 1,485.59 R 13 MINAMORT FOR AUGUST RECD INT FOR AUGUST ON 308,354A1 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 1.284.81 CLEARING BROKER NON-BROKER TRADE,BOSTON 00009999 0.00 2,770.40 CMS REF:1062540073954 SEC D:31405VFK8 REG: FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CIF POOL 80Y1235% 12/l/2019 9/I/2006 A.477.930 4,4T1.93 RECD PR IN AMORT FOR AUGUST RECD INT FOR AUGUST ON 1,001,078.32 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON 00009999 9/25/2006 0.00 4,171.16 CLEARING BROKER NON-BROKER TRADE,BOSTON OOM999 0.00 8,649.09 CMS REF: 1062540073951 SECID:31406AD41 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 823358 VAR RATE 2/1/2035 9//1/2006 -79,522.080 79.522.08 RECD PR IN AMORT FOR AUGUST RECD INT FOR AUGUST ON 2,628,698.51 UNITS 9/25/2006 100.0000 0.00 TRADING BROKER NON-BROKER TRADE,BOSTON OD009M 9/25/2006 0.00 9,362.55 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 0.00 88,884.63 CMS REF: 106254OW41 OR SEC ID:31406XVT5 REG:FRB FEDERAL NAIL MTG ASSN GTD PASS THRU CTF POOL 879906 VAR RATE 9//1/2006 -7,797.740 7.797.74 10/l/2033 9/R5/2DD6 100.0000 0.00 RECD PRIN MOW FOR AUGUST RECD INT FOR AUGUST ON 356,7A6.50 UNITS 9/25/2006 0.00 1,143.68 TRADING BROKER NON-BROKER TRADE,BOSTON 000099W 000 8,941.42 CLEARING BROKER NON-BROKER TRADE,BOSTON 00DO9999 CMS REF: 10625400740V SEC IN:31409VR39 REG:FRB Tote DMdVER V PAY-PD(66) Total Principal: 472,923.70 Total Commission: 0.00 Total Income: 117,172.91 Total Net 590,096.61 10/24/2006 2:51:14PM PDT 139 Worlrbeod' Q ��w,'On Custody Transaction History Report m: CUA356 ,1��C51 Base Currency: OSD 2 6 ..!2162/,U'17:111 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense - Income FX Fee Net Local Amount. DELVER V PAY- ELL UNITED STATES TREASURYNTDTD 11/30/2004 2 7/8%11/30/2006 9/22/2006 -10,500,000.000 10,460,625.00 TRADING BROKER GOLDMAN SACHS&CO,NY 0000005 9/25/2006 99.6250 0.00 CLEARING BROKER GOLDMAN SACHS&00,NY 00000005 9/25/2006 0.00 96.501.02 CMS REF: 1062650163906 CLIENT REF:690002030027033 non 10,557,126.02 SECM:912828DD9 REG:FRB UNTED STATES TREASURY NOTE DTD 05/31/2005 3 1/2%05/31/2007 9/22/2006 -21,000,000.000 20,796,562.50 TRADING BROKERCREDITSUISSE, NEWYORK(CSFBUS33)OO()00000355 9/25/2006 99.0313 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX(00000355 9/25/2006 0.00 234,959.02 CMS REF: 1062650145659 CLIENT REF.690002030027M7 am 21,031,521.52 SEC m:912828DW7 REG:PRB UNITED STATES TREASURY NOTES DID 03/31/2006 DUE 03/31/2008 9/22/2006 -5,000,000.000 4,989,4S3.13 TRADING BROKER GOLDMAN SACHS&CO,NY 00000005 9/25/2006 99.7891 0.00 CLEARING BROKER GOLDMAN SACHS&CO, NY 00000005 9/25/2006 0.00 112.465.85 CMS REF: 10626501638M CLIENT REF:69OW203DW7032 0.00 5,101,918.98 SEC ID:912828EZ9 REG:FRB CS FOR CAT 1 REPO REPURCHASE AGREEMENT DTD 09/22/2006 05.2100% 9/25/2006 -8,800 000.000 8,800,000.00 CLOSE POR 1062650109510 9/25/2006 I00.OG00 0.00 TRADING BROKER:CREDIT SUISSE,NEW YORK(CSPBUS33X)OJ 00000355 9/25/2006 0.00 3,820.67 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33)um 00000355 0.00 8,803,820.67 CMS REF: 1062680ODD068 SECID:9946OY209 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/2212 006 05.2100% 9/25/2006 -9,500,000.000 9,500,000.00 CLOSE FOR 10626501IM39 9/25/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE,NEWYORK(CSFBUS33)O)((0DDODM5 9/25/2006 0.00 4,124.58 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX(00000355 0.00 9,504,124.58 CMS REF: 10626BOOD0268 SEC ID:99460Y209 REG:REPO Total DELMER V PAY- ELL(51 Total Principal: 54,546,640.63 Total Commission: 0.00 Total Income: 451,971.14 Total Net: 54,996,511.77 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/25/2006 0 000 -672,326.12 BOUGHT DREYFUS TREASURY CASH 9/25/2006 0.0000 0.00 CMS REF: 1062680231980 9/25/200fi 0.00 . 00 SEC ID:996085247 REG:05 O.110 -672,326.12 ELL- ELL �...'?4/2 wi- 7DT I I 11 O arorkberrh @ Mellon Custody Transaction History Reportm: CUA356 Base Curreney: USD 2 6 2162/, 7 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units "-Pri"Hei0al Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount ❑RINVUS'I R11.1SURY C\SHMANAGEMENT 9/25/2006 0000 95.875.12 SOLD DREYF'US TREASURY CASH 9/25/2006 00000 0.00 CMS REF: 1062680231975 9/25/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 95,875.42 F REI N H LDER RELEA E- D FEDERAL HOME LN BKS CONS BD DID 03/24/2004 37/8%03/24/2009 9/25/2006 0.000 0.00 REC INTON 2400000.000 UNITS PAY 09/2S/O6 RATE 0.019 9/25/2006 0,0000 0.00 CMS REF: 1062680011612 9/25/2006 0.00 46,500.00 SEC 1D:3133X4N80 OnO 46,500.00 WACHOVIA BK INrLASSN MEDIUM TERM SNR BK NIS BOOK ENTRY TRANCHE a 9/25/2006 0.000 0.00 SR 9/25/2006 0.0000 0.00 RECD INTON 2200000.000 UNITS PAY 09/25/06 RATE 0.0143 9/25/2006 0.00 31,529.82 CMS REF: IM2680212223 0.00 31.529.82 SEC ID:92976FBO6 Total F BEI N H LDER RELEA E- D(2) Total Principal: 0.00 Total Commission: 0.00 Total Income: 78,029.82 Total Net: 78,0ZE82 A H WTrBDRAWAL - W F/X TRANSACTION 9/25/2006 0.000 -45,000,000.00 TRAN TO ORANGE COUNTY 9/25/2006 OGOOO 0.00 CMS REF: IM2690122225 9/25/2006 0.00 0.00 0.00 -45,000,000.00 Total U. . D LLAR IU DI ITS) Total Principal: -1,656,886.37 Total Commission: 0.01) Total Income: 647,073.87 Total Net: -1,009,812.50 9/26/2OD6 U. . D LLAR ID D) RE EIVE V PAY -BUY UNITED STATES TREASURY NOTES DTD II/15/211054.500% 11/15/MIO 9/22/2006 25,000,000.000 .24,953.125.00 BROKER FAILED TO DELIVER 9/25/2006 99.8125 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK ICSFBUS33XXXI 000DO355 9/26/2006 0.00 -406.589.67 CLEARING BROKER:CREDITSUISSE,NEW YORK ICSFBU833MXI 00000355 0.00 -25,359.714.67 CMS REF: 106265()145365 CLIENT REF 690002MOO27025 SEC ID:9I2828EM8 REO:FRB 10/2412006 2:51:14PM PDT 141 K'er�� ©/ Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 2 6 2162/, 7 7/3/2006 - 9/29/2006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description - Actual Settlement Date Misc. Expense .Income FX Fee Net Local-Amount CS FOH CAT I REIO RFPURCII.-1SE AGREEMENT DTI)U9/26/2W605.230M 9/26/2006 9,600.000000 -9,600.000.00 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSFBUS33XXX1 0DDW355 9/26/2006 1000U00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)00000355 9/26/2006 0.00 0.00 CMS REP: 1062690106186 0.00 9,600,000.00 SECID:99461C073 REG:REPO CREDIT SUISSE FIRST BOSTON INTL LTD REPURCHASE AGREEMENT DTD 9/26/2006 1,500,D00.000 .1,500,000.00 09/26/2006 9/26/2006 100.0000 0.00 TRADI NO BROKER:CREDIT SUISSE, NEW YOM(CSFB U533XXX)00000355 9/26/2006 0.00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 0.00 -1.500,000.00 CMS REF: 106269010MI I SEC ID:99461C214 REG:REPO Tottai RV B V PAY -BOY (3( Total Principal -36,053,12S.00 Total Commission: 0.00 Total income: -406,589.67 Total Net: -36,459,714.67 DBLIYBRV PAY- ELL DAIMLERCHRYSLER NORTH AMER 14LDO CORP GTD NT DTD 03/14/2006 VAR 9/22/2006 -1.000,000.000 1,000,060.00 RATE 9/25120M 100.0060 0.00 BROKER DK 9/26/2006 0.00 1,940.00 TRADING BROKER:BBC GAIN RAUSCHER INC.MIKNEAMUSOD00D235 0.00 1,002,000.00 CLEARING BROKER BBC DAP!RAUSCHER INC,MINNEAPOLIS 00000235 CMS REF: 1062650163885 CLIENT REF.690002030027031 SEC ID:233835BB2 REG: DTC UNITED STATES TREASURY NOTES DTD 11/15/20054.50D%11/15/2010 9/22/2DO6 -25,000,000.000 24,960,937.50 INSUFFICIENT UNITS HELD 9/25/2006 99.8438 0.00 TRADING BROKER BARCLAYS CAPITAL INC,NEW YORK 00007256 9/26/2DO6 0.00 406,589.67 CLEARING BROKER BARCIAYS CAPITALINC,NEW YORK 00007256 0.00 25,367,527.17 CMS REF: IM2650145375 CLIENT RER 690002030027026 SEC O:912828EM8 REG:FRB CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/25/20D605.2200% 9/26/2006 -1,500,000.000 1,500,000.00 CLOSE FOR 106268009%21 9/26/2006 100.0000 0.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33)70Q 000003SS 9/26/2006 0.00 217.50 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33)(XUQ 000OD355 0.00 1,500,217.50 CMS REF: 106269000D058 SECID:99460Z974 REG:REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/25/200605.2200% 9/26/2006 -9,600,000.000 9,600,000.00 CLOSE FOR 1062680099792 9/26/2DO6 100,0000 0.00 TRADING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33X000 000D0355 9/26/2006 0.00 1,392.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX100000355 0.00 9,601,392.00 CMS REF: 10626900000M SEC ID:99460Z974 REG:REPO ^'M/2tra J.-n'.9PM, ^Di ' (— ( — : l�n Work6en /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USD 26 2162/, 7 7/3/2 006 - 9/29/2006 000 0000 Trade/ Ex Date" - Units "' Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount Total DELIVER V PAY - ELL(4) Total Principal: 37,060,997.50 Total Commlaelan: 0.00 Total Income: 410,139.17 Total Net: 37,471,136.67 MAR IN RELRA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/26/2006 0.000 -1,392.00 BOUGHT DREYFUS TREASURY CASH 9/26/2006 0.0000 0.00 CMS REF: 1062690201134 9/26/2006 0.00 0.00 SEC ID:996055247 REG:05 0.00 -1,392.00 DREYFUS TREASURY CASH MANAGEMENT 9/26/2006 0.000 -217.50 BOUGHT DREYFUS TREASURY CASH 9/26/2006 0.0000 0.00 CMS REF: 1062690201135 9/26/2006 0.00 0.00 SEC ID:996085247 RED:05 0.00 -217.50 Total MAR IN RRLEA E -BDr (21 Total Principal: -1,609.50 Total Commission: 0.00 Total Income: 0.00 Total Net: .1,609.50 Total U. . D LLAR(U D) (9) Total Principal: 1,006,263.00 Total commission: 0.00 Total Income: 3,549.50 Total Not: I,Oo9,812.60 9127/20DG U. . D LLAR(U D) RE EIVE V PAY -BUY CS FOB CAT I REPO REPURCHASE AGREEMENT DTI)09/27/2006 05.2500% 9/27/2006 9,600,000.000 -9,600,000.00 TRADING BROKER CREDIT SUISSE.NEW YOM(CSFBUS33)DOG 00000355 9/27/2006 1000D00 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXXI 000OD355 9/27/2006 0.00 0.00 CMS REF: 1062700094092 0.00 -9,600,000.00 SEC m:99461 D931 RED: REP) CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/27/2006 05.2500% 9/27/2006 2.200.000.000 -2,200.000.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33XXX)00000355 9/27/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YOM(CSFBUS33XXX)00000355 9/27/2006 0.00 0.00 CMS REF: 1062700096142 0.00 .2,200,000.00 SECID:99461D931 REO: REPO 1012412006 2.51A4PM PDT 143 Workbench ©/ Mellon Custody Transaction History Report ID: CUA366 Base Courtney: USD 26 2162/, 9 7/3 /2 006 - 9 /2 9 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Misc. Expense income FX Fee Net Local Amount Total RE FIVE V PAY - BUY (2) Total Principal: -11,800,0olloo Total Communion: 0.00 Total Income: 0.00 Total Net: -11,800,00000 DELIVERV PAY. ELL CS FOB CAT 1 REPO REPURCHASE.AGREEMENT DTD 09/26/2OD6 05.2300% 9/27/2006 -9.600,000.000 9,600,000.00 CLOSE FOR 1062690106186 9/27/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE,NEWYORK(CSFBLIS33X)N 00000355 9/27/2006 0.00 1,394.67 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)(10000355 0.00 9,601,394.67 CMS REF: 1062700000114 SECID:99M10073 REG:REPO CREDIT SUISSE FIRST BOS'ION INTL LTD REPURCHASE AGREEMENT DTD 9/27/2006 -1.500,000.000 1,500,000.00 09/26/2006 9/27/2006 100.0000 0.00 CLOSE FOR 1062690108011 9/27/2006 0.00 217.92 TRADING BROKER:CREDIT SUISSE,NE W YORK(CSFBUS33)X10 00000355 0.00 1,500,217.92 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 CMS REF: 10627000D130 SEC OJ:99461C214 REG:REPO Total DELIVER V PAY- ELL(21 Total Principal: 11,100,000.00 Total Commission: 0.00 Total Income: 1,612.59 Total Net: 11,101,612.59 18/tR IN RELEA E-EUY DREYFUS TREASURY CASH MANAGEMENT 9/27/2006 0.000 -1,394.67 BOUGHT DREYFUS TREASURY CASH 9/27/2006 0.0000 0.00 CMS REF: 1062700225200 9/27/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,394.67 NIL- ELL DREYFUS TREASURY CASH MANAGEMENT 9/27/2006 0.000 699,782.08 SOLO DREYFUS TREASURY CASH 9/27/2006 0.0000 0.00 CMS REF: 1062700225201 9/27/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 699,782.08 Totd U. . D LLAR(U D)16) Total Principal: -1,612.59 Total Commission: 0.00 Total Income: 1,612.59 Total Net: 0.00 9/23/2006 U. . D LLAR IU Ill "'44/2v" ➢ —.,4PUl Drr l�e I I I 1 I I I 1 i i ������ Custody Transaction History Report ID; CUA356 Base Currency: USD 2 6 2162/, 7 7/3 /2006 - 9 /29 /2 006 000 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount RE EIVEV PAY - BUY . ._— CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/28/20D6 05.240D% 9/28/2006 11,000,000.000 -1I,G00,000.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBUS33X)M 000D0355 9/28/2006 100.0000 0,00 CLEARING BROKER CREDIT SUISSE,NEW YOM ICSFBUS33XXXI 00000355 9/28/2006 0.00 0.00 CMS REF: 1062710087142 0.00 -11.000,000.00 SEC ID:99461G157 REG: REPO CREDIT SUISSE FIRST BOSION INTL LTD REPURCHASE AGREEMENT DTD 9/28/2006 11,400,000.000 .11,400,000.00 09/28/2006 9/28/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK ICSFBUS33XX0 00000355 9/28/2006 0.00 0.00 CLEARING BROKER: CREDIT SUISSE,NEW YORK ICSF13US33XXXI 00000355 O.UO -11.400,000.00 CMS REF: 1062710096360 SEC ID:994610249 REG: REPO Total RE Eri V PAY -BUT (2) Total Principal: 22,4 ,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net .22,400.000.00 DELIVER V PAY-MIT INTERNATIONAL BK FOR RECON&DEV DISC NT MATURES SEPTEMBER 28,2006 9/28/2006 -1,800,000.000 1,796,395.00 PROCEEDS RECEIVED ASA RESULT OFA MATURITY FOR CASH AMOUNT 9/28/2006 100.0000 0.00 1,800,000.000 9/28/2006 0.00 3,605.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 0.00 1,800,000.00 CLEARING BROKER: NON BROKER TRADE,BOSTON OOOo9999 CMS REF: 1062709WN82 SEC ID:4590531456 REG: FRB DIMILM R V PAY- ELL FEDERAL HOME LN BKS CONS BD DTD 08/17/2004 3 511%08/17/2007 9/27/2006 .3.550,000.000 3,504,560.00 TRADING BROKER CREDIT SUISSE,NEWYORK)CSFBLB33X)XI 000OD355 9/28/2006 98.7200 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK ICSFBUS33XXXI 00000355 9/28/2006 0.00 14,656.08 CMS REF: ID62700IM556 CLIENT REF:690002030027056 0.00 3,519,216.08 SEC to:3133XTYG3 REG: FRB FEDERAL HOME LN BKS CONS BD STEP CPN 21/2%TO 07104 THEREAFTER 9/27/2006 -5.000,000.000 4,890,000.00 TRADING BROKER:LEHMAN DOW SECS INC.NY 000OD636 9/28/2006 97.8000 0.00 CLEARING BROKER LEHMAN DOW SECS INC,NY 00000636 9/28/2006 0.00 40,000.00 CMS REF: 1062700ISM22 CLIENT REF.69DO02030027057 0.00 4,930,000.00 SEC ID:31339XRF3 REG:FRB FEDERAL HOME LN SKS CONS BD STEP COUPON 2%TO 7/05;RESET ANNLY 9/27/2006 -380,000.000 374,585.00 TRADI NO BROKER:BANC OF AM ERICA SEC LOC.SAN FRANCISCO 00005235 9/28/2006 98.5750 0.00 CLEARING BROKER BANC OF AMERICA SECS LLC,CHARLOTTE OOOOOTl3 9/28/2006 0.00 2,918.61 CMS REF: 10627001ODS84 CLIENT REP:690002030027055 0.00 377,503.61 SEC m:31339XW26 REG:FRB 1012412006 2:51:14PU PDT 145 Workbench ©/ Mellon Custody Transaction History Report ID: CUA3S6 Base Currency: U8D 2 6 2162/, 7 7/3/2 006 - 9/2 9/2006 0000000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description :. Actual Settlement Date Misc. Expense .Income FX Fee Net Local Amount CSFOBCAT I REPO REPURCHASE AGREEMENTDTDVI/27:z0n:, J, 1 ,011 1;28/2001, eWID,000.00u % 00,000.00 CLOSE FOR IM27MO94092 9/28/2006 100,0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK(CSFBUS33XXX)00000355 9/28/2006 0.00 1,400.00 CLEARING BROKER:CREDIT SUISSE,NEW YORK(CSFSUS33XXX)00000355 0.00 9,601,400.00 CMS REF: 1062710WW 16 SEC ID:99461D931 REO: REPO CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/27/200605.2500% 9/28/2006 -2.200.000,000 2,200,000.00 CLOSE FOR 1062700096142 9/28/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEW YORK(CSFBL333XXX)00000355 9/28/2006 0.00 320.83 CLEARING BROKER:CREDITSUISSE,NEW YOM(CSFBUS33XXXj 00)00355 0.00 2,200,320.83 CMS REF: 1062710000039 SEC ID:99461D931 MG: REPO Total DELNER V PAT. ELL(5) Total Principal: 20,569,145.00 Total Commission: 0.00 Total Income: 59,295.52 Total Net: 20,628,440.52 MAR IN RELEA E -BUY DREYFUS TREASURY CASH MANAGEMENT 9/28/2006 0.000 -1,400.00 BOUGHT DREYFUS TREASURY CASH 9/28/2006 0.0000 0.00 CMS REF: 1062710181383 9/28/2006 0.00 0.00 SEC ID:996085247 RED:05 0.00 -1,4G0.00 DREYFUS TREASURY CASH MANAGEMENT 9/28/2006 0.000 -91,972.69 BOUGHT DREYFUS TREASURY CASH 9/28/2006 0.0000 0.00 CMS REF: 1062710181385 9/28/2006 o00 0.00 SEC ID:996085247 REG:05 0.00 -91,972.69 Total MAR IN RELEA E -BUY(2) Total Principal: -93,372.69 Total Commisslon: 0.00 Total income: 0.00 Total Net: -93,372.69 r NET N H LDER RELEA E- D FEDERAL HOME LN BKS CONS BD DTD 03/29/2004 3,05%12/28/2007 9/28/2006 0,000 0.00 REC INT ON 3000DO.000 UNITS PAY 09/28/06 RATE 0.015 9/28/2006 0.0000 0.00 CMS REF: 1062710012269 9/28/2006 0.00 4,575.00 SEC ID:3133X5DU9 0.00 4,575.00 FEDERAL HOME LN BKS CONS BD DTD 03/29/2DD4 3.01%12/28/2007 9/28/2006 0.000 0.00 RF.0 INT ON 1700000.000 UNITS PAY 09/28/M RATE 0.015 9/28/2006 0.0000 0.00 CMS REF: 10627100122M 9/28/2006 0.00 25.585.00 SEC ID:31MX59R6 0.00 25,585.00 m—kben I 1 I I 1 I I 1 1 1 I 1 1 1 1 I 1 1 / Mellon Custody Transaction History Report CUA356 Base Currency: Can 2 6 2162/,.'-7 7/3 /2006 - 9 /2 9/2 O06 000 DO0O Trade Ex Date unfts ',Piltielpar Settle/ Pay Date Trade Price Commission. Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount GOLDMAN SACHS GROUP INC SR NT D'TD W/28/2005 VAR RATE 06/28/J1)1() 9/28/2006 OD00 0.00 REC INTON 2350000.000 UNITS PAY 09/28/06 RATE 0.014 9/28/2006 0.0000 OU0 CMS REF- IM27100122M 9/28/2006 0.00 34,772.17 SEC ID:38143UBD2 0.00 34,772.17 Total F REI N R LDER RELEA E- D(3) Total Principal: 0.00 Total Commission: 0.00 Total Income: 64,932.17 Total Net: 64,932.17 Total U. . D LLAR(U D) ( 3) Total Principal: -127.832.69 Total Commission: 0,00 Total Income: 127,932.69 Total Net: 0.00 9/29/2006 U. . D LLAR(U D) aE ETVE V PAY -BUT CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/29/200605.0500% 9/29/2006 11,000.000.000 -11.000,000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33)XXQ 00003355 9/29/2006 100.0000 0.00 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XX)Q 00000355 9/29/2006 0.00 0.00 CMS REF: 1062720112028 0.00 -I1,000,000.00 SEC N:9946IJ433 REG: REPO CS FOB CAT I REPO REPURCHASE AGREEMENT DTD 09/29/200605.05003,6 9/29/2006 11.400,000.000 -11,400,000.00 TRADING BROKER CREDIT SUISSE, NEW YORK(CSFBUS33)COq 00000355 9/29/2006 100.G000 0.00 CLEARING BROKER:CREDIT SUISSE,NEW YORK(CSFBUS33XXX)00000355 9/29/2006 0.00 0.00 CMS REF: IM2720112819 0.G0 -11,400,000.00 SEC ID:99461,1433 REG: REPO Total RE FIVE V PAY -BUY (2) Total Principal: -22,400,000.00 Total Commission: 0.00 Total Income: 0.00 Total Net: .22,400,000.00 RE ELVE V PAY -PU US TREASURY INFLATION INDEXED NOTES 2% 1/15/2014 9/29/2006 321.000 -321.00 RECD PRIN ACCRIET FOR SEPTEMBER REM In FOR SEPTEMBER 9/29/2006 100.0000 0.00 TRADING BROKER:NON-BROKER TRADE, BOSTON 00009999 9/29/2006 0.00 321U0 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00009999 0.00 0.00 CMS REF: 1062720066668 SEC ID:912828BW9 REG: FRB 10/24/2006 2:51:14PM PDT 147 Workbench ® McIIOn Custody Transaction History Report ID: CUA356 Hass Currency: USD 21161111[12162/,1',I 17 "1 7/3 /2006 - 9/29 /2006 000 Dow Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Description Actual Settlement Date Miss. Expense Income FX Fee Net Local Amount US9'I11AS-URY INHA'IION IM)EN111)NOTI'S 2'!69/15/2011 11/29/2006 9,/65.000 -976500 RECD PRIN ACCRIT FOR SEITEMBER RECD INT FOR SEPTEMUI!R 9/29/2000 10().0000 O.on TRADING BROKER:NONBROKER TRADE,BOSTON 00009999 9/2.1)/200h 1100 9,765.00 CLEARING BROKER: NON-BROKER TRADE,BOSTON 00DO9999 0.00 0.00 CMS REF: 1062720091484 SEC ID:912828CP3 REG:FRB Total RE EIVE V PAY -PU 12) Total Principal: -10,086.00 Total Comminslon: 0.00 Total Income: 10,086.00 Total Net: 0.00 DELNER V PAY- ELL CS FOB CAT 1 REPO REPURCHASE AGREEMENT DTD 09/28/2006 05.2400% 9/29/2006 -11,000,000.000 11,000,000.00 CLOSE FOR 1062710087142 9/29/2006 100.0000 0.00 TRADING BROKER:CREDIT SUISSE, NEWYORK ICSPBUS33JDCQ 000W355 9/29/2006 am 1.601.11 CLEARING BROKER: CREDIT SUISSE,NEW YORK(CSFBUS33XXX)D0000355 0.00 11,001,601.11 CMS REF: 1062720000095 SEC ID:994610157 REG: REPO CREDIT SUISSEFIRST BOSTON INTLLTD REPURCHASE AGREEMENT DTD 9/29/2006 -11,400,000.000 11,400,000.00 09/28/2006 9/29/2006 100.0000 0.00 CLOSE FOR 1062710096360 9/29/2006 0.00 1,659.33 TRADING BROKER:CREDIT SUISSE, NEW YORK 1CSFBUS33XMQ 00000355 0.00 11,401,659.33 CLEARING BROKER CREDIT SUISSE,NEW YORK(CSFBUS33XXX)000OD355 CMS REF: 1062720000300 SEC m:994610249 REG: REPO Total DELIVER V PAY. ELL 12) Total Principal: 22,400,000.00 Total Commission: 0.00 Total income: 3,260.44 Total Net: 22,403,260.44 MAR IN RELEA E-MY DREYFUS TREASURY CASH MANAGEMENT 9/29/2006 0.000 -1,251.11 BOUGHT DREYFUS TREASURY CASH 9/29/2006 0,0000 0.00 CMS REF: 1062720181381 9/29/2006 0.00 0.00 SEC ID:996085247 REG:05 0.00 -1,251.11 ELL- ELL DREYFUS TREASURY CASH MANAGEMENT 9/29/2006 0.000 4.816.41 SOLD DREYFUS TREASURY CASH 9/29/2006 0.0000 0.00 CMS REF: 1062720181380 9/29/2006 0.00 0.00 0.00 4,816.41 SEC 01:996085247 REG:05 A H Wr MH WAL - W �+ '94/2'r' I­ 14PMt its ■ _ i r- t� no- �. /© Mellon Custody Transaction History Report ID: CUA356 Base Currency: USE, 2 6 2162/, 7 7 /3 /2 006 - 9 /2 9 /2 006 D00 0000 Trade/ Ex Date Units Principal Settle/ Pay Date Trade Price Commission Actual Settlement Date Misc. Expense Income Description FX Fee Net Local Amount SHORT TERM FDS INT ADJ 9/29/2006 0000 0,00 NETOFOVERNIGHT INfERESTANDOVERDRAFTEXPENSESSEPTEMBER 2000 9/29/2006 0.0000 0.00 CMS REF: 1062720009314 9/29/2006 0.00 -6,475.74 SEC R):990000PJ4 0.00 -6.475.74 SHORE TERM FDS INT ADJ 9/29/2006 0.000 0.00 NET OF OVERNIGHT INTEREST AND OVERDRAFT EXPENSES SEPTEMBER 2006 9/29/2006 0,0000 0.00 CMS REF: 1062720011985 9/29/2006 0.00 -350.00 SEC m:990000PJ4 0.00 -350.00 Total A H WITHDRAWAL - W 121 Total Principal: 0.00 Total Commission: 0.00 Total income: -6,825.74 Total Net -6,825.74 Tote) U. . D LLAR IU D) G Total Principal: 6,520.70 Total Commission: 0.00 Total Income: 6,520.70 Total Net 0.00 1012412006 2:51:14PM PDT 149 0.'nrkGendi L Rating Agency Comparisons V A summary of Investment grade ratings are listed below. More complete descriptions of Moody's and Standard &Poor's ratings are Included In the following pages. L Quality/Grade Moody's Standard Fitch L &poor's Best Quality Asa AAA AAA L Nigh Quality Aal AA+ AA+ Aa2 AA AA Aaa AA- AA- L Upper Medium Grade At A+ A+ L A2 A A A3 A- A- Baal BBB+ BBB+ L Medium Grade Saa2 BBB BBB Baa3 BOB- BBBt L MoocWs—Investment Grade "Aaa"- Bonds rated Aaa are judged to be of the best quality. They carry the smallest L degree of Investment risk. Interest payments are protected by a large or by an exceptionally stable margin and principal is secure.While the various protective elements are likely to change, such changes as can be visualized are most unlikely to I impair the fundamentally strong position of such issues. L "Aa"-Bonds which.are rated As are.judged to be of high quality by all standards. I - Together with the Aaa group they comprise what are generally known as high grade V bonds. They are rated lower than the best bonds because margins of protection may not be as large as in Aaa securities or fluctuation of protective elements may be of L greater amplitude or there may be other elements present which make the long-term risks appear somewhat larger than in Aaa securities. "A"- Bonds which are rated A possess many favorable investment attributes and are to I be considered as upper medium grade obligations. Factors giving security to principal 6+ L L T and interest are considered adequate, but elements may be present which suggest a susceptibility to Impairment sometime in the future. "Bea"- Bonds which are rated Bea are considered as medium grade obligations; i.e., they are neither highly protected nor poorly secured. Interest payments and principal .y security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over any great length of time. Such bonds lack outstanding investment characteristics and in fact have speculative characteristics as well. Bonds in the As. A and Bea are also assigned"1","2"or"3"based on the strength of the Issue within each category. Accordingly, "Al"would be the strongest group of A rr securities and "AY would be the weakest A securities, Be, B, Caa, Ca, and C Bonds that possess one of these ratings provide questionable protection of Interest and 'k principal ('Be" Indicates some speculative elements; "B" Indicates a general lack of characteristics of desirable Investment; "Gas'represents a poor standing; "Ca" represents obligations which are speculative In a high degree;and "C" represents the �j lowest rated class of bonds). "Caa,""Ca"and "C" bonds may be In default. Standard and Poors—Investment Grade AAA-Debt rated "AAA" has the highest rating assigned by S&P. Capacity to pay interest and repay principal Is extremely strong. ... AA-Debt rated "AA"has a very strong capacity to pay interest and repay principal and differs from the highest rated Issues only in small degree. A- Debt rated *A"has a strong capacity to pay Interest and repay principal although It Is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt In higher rated categories. y BBB- Debt rated "BBB"is regarded as having an adequate capacity to pay Interest and repay principal.Whereas It normally exhibits adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay Interest and repay principal for debt In this category than in higher rated categories. Standard and Poor's—Speculative Grade Retina Debt rated"BB", "B', "CCC",-CC"and "C" Is regarded as having predominantly speculative characteristics with respect to rapacity to pay interest and repay principal "BB"indicates the least degree of speculation and 'C"the highest. While such debt will likely have some quality and protective characteristics these are outweighed by major uncertainties or major exposures to adverse conditions. BB- Debt rated "BB" has less near-term vulnerability to default than other speculative Issues. However, it faces major ongoing uncertainties or exposure to adverse business, ,,, financial, or economic conditions which could lead to inadequate capacity to meet timely Interest and principal payments. The'BB"rating category Is also used for debt subordinated to senior debt that Is assigned an actual or Implied "BBB' rating. 8 -Debt rated "B' has a greater vulnerability to default but currently has the capacity to W meet interest payments and principal repayments.Adverse business,financial, or economic conditions will likely Impair capacity or willingness to pay Interest and repay V principal. The "B"rating category is also used for debt subordinated to senior debt that Is assigned an actual or implied"88'or"BB"rating. CCC-Debt rated "CCC" has a currently identifiable vulnerability to default, and Is L dependent upon favorable business, financial, and economic conditions to meet timely payment of Interest and repayment of principal. In the event of adverse business, financial, or economic conditions, it is not likely to have the capacity to pay Interest and repay principal. The "CCC" rating category Is also used for debt subordinated to senior debt that is assigned an actual or implied "B'or'B' rating. CC-The rating "CC'typically is applied to debt subordinated to senior debt that Is assigned an actual or Implied 'CCC*debt rating. W C-The rating "C"typically is applied to debt subordinated to senior debt which Is assigned an actual or Implied "CCC"debt rating.The'C" rating may be used to cover a jr situation where a bankruptcy petition has been filed, but debt service payments are continued. CI-The rating*Cl*is reserved for Income bonds on which no Interest is being paid. bw D- Debt rated "D"Is in payment default. The"D' rating category Is used when interest payments or principal payments are not made on the date due even if the applicable L grace period has not expired, unless S&P believes that such payments will be made during such grace period.The"D"rating also will be used upon the filing of a - bankruptcy petition If debt service payments are jeopardized. L Plus(+)or Minus(-): The ratings from*AN"to"CCC" may be modified by the addition of a plus or minus sign to show relative standing within the major rating categories. NR-Indicates no rating has been requested,that there is insufficient information on W which to base a rating, or that S&P does not rate a particular type of obligation as a _ matter of policy. V1 W W I V I."I c nm October 24, 2006 STAFF REPORT Swap Report for the Quarter Ended September 30, 2006 SUMMARY r In August 2003, the Committee approved an Interest Rate Exchange Agreement Policy that provides guidelines for the use of hedging products including swaps, caps,floors, c collars, options, and other similar financial instruments (collectively, "hedging products") in connection with the financial exposure of the District, including interest rate exposure. As required by this policy, following are the quarterly monitoring and reporting �. requirements and status at September 30, 2006: Reouirement Highlight all material changes to hedging product agreements including counterparty downgrades and/or terminations. r Results: The District currently utilizes two hedging product agreements, the AIG Swap agreement and the Soc Gen Swap Agreement. The AIG Swap agreement was originally entered into in October 1, 1992 in order to convert the Refunding Certificates of Participation, 1992 Series (the "1992 Certificates") to a fixed rate obligation. There have been no material changes to the agreement. American International Group, Inc.'s current ratings are AAA and Aaa from Standard and Poor's and Moody's, respectively. The Soc Gen Swap Agreement was originally entered into in September 1, 1993, in order to convert the Refunding Certificates of Participation, 1993 Series (the "1993 Certificates)to a fixed rate obligation. There have been no material changes to the agreement. Soc Gen's current ratings are AA- and Aa3 from Standard and Poor's and Moody's, respectively. OLSG • R0B 81V • Fwnbm VaWy.CA 8272"127 " (714)M-2411 W Quarterly Swap Report For the Three Months Ended September 30, 2006 Page 2 of 4 LJ Requirement W Summarize any new hedging products entered into by the District since the last report. Results: W No new hedging products have been entered into by the District since the last report covering the period ended June 30, 2006. As stated above, the District utilizes only two hedging product agreements, the AIG Swap agreement entered into in 1992, and the Soc Gen Swap Agreement, entered into in 1993. Requirement Summarize any planned hedging product transactions and the impact of such transactions on the District; a description of each outstanding Hedging Product agreement, including a summary of its terms and conditions, the notional amount, W volume, rates, maturity, the estimated market value of each agreement, the method of procurement (competitive or negotiated), and the full name, description and credit ratings of the agreement's counterparty and if necessary, its applicable guarantor. W Results: w The District currently is not planning any additional hedging product transactions at this time. Requirement List any amounts which were required to be paid and received, and any amounts which W actually were paid and received under each outstanding hedging product overthe last quarter; W Results: Following are the amounts that were actually paid and received under the District's two swap agreements. All amounts required to be paid and received were actually paid and received. V 6W W V V Quarterly Swap Report For the Three Months Ended September 30, 2006 Page 3 of 4 1992 1993 _ Certificates Certificates AIG Swap Soc Gen Swap July Paid by the District to the Swap Provider _ $ 141,550.00 Paid by the Swap Provider on behalf of the District _ $(100,432.12) August Paid by the District to the Swap Provider $ 2,584,080.00 $ 141,550.00 Paid by the Swap Provider on behalf of the District $(1,394,912,09) $ (90,301.15) September Paid by the District to the Swap Provider _ $ 122,360.00 ., Paid by the Swap Provider on behalf of the District _ $ (92,894.79) Requirement List any credit enhancement, liquidity facility or reserves associated therewith including an accounting of all costs and expenses incurred, whether or not in conjunction with the — procurement of credit enhancement or liquidity facilities under each outstanding Hedging Product. Results: Credit Enhancements, liquidity facility or reserves associated with the 1992 Certificates .. AIG Swap: -Lloyds Bank Standby Purchase Agreement Commitment fees for the quarter ended July 31, 2006: $63,115.40 Credit Enhancements, liquidity facility or reserves associated with the 1993 Certificates Soc Gen Swap: -Soc Gen Irrevocable Letter of Credit Fee for the six months ended July 31, 2006. $53.083.93 Credit Enhancements, liquidity facility or reserves associated with the 2000 Certificates: -Dexia Public Finance Bank Standby Certificate Purchase Agreement Commitment Fee for the quarter ended July 31, 2006: $66,582.48 Quarterly Swap Report r' For the Three Months Ended September 30, 2006 Page 4 of 4 Requirement u An assessment of the counterparty risk, termination risk, and other risks associated therewith, which shall include the value of the collateral posted by counterparties and the District, the aggregate marked-to-market value for each counterparty and relative exposure compared to other counterparties, and a calculation of the District's Value at Risk for each counterparty. _ W Results: The counter party risk and termination risk has been calculated by Public Resources Advisory Group (PRAG). PRAG used the value at risk methodology in determining the county party risk at maximum exposure over the term of the Swap Agreements. Counterparty exposure limits are important because they create diversification, so if any u one counterparty goes bankrupt, the District's total loss would be limited to only one counterparty. The termination risk is what the District would have to pay the counterparty upon a termination of the Swap Agreement. Following are the W counterparty risk and termination risk as of September 30, 2006: 1992 1993 Certificates Certificates AIG Swap Soc Gen Swan Counterparty Risk $ 388,202 $1,921,730 6w Termination Risk $ 6,364,160 $1,788,644 6W Requirement The report shall also include a copy of this Policy in the quarter after it is adopted or subsequently modified. Results: U No modifications have been made to the Policy since its adoption. W W W w r r ee October 24, 2006 STAFF REPORT Certificates of Participation (COP) Quarterly Report for the Period Ended September 30, 2006 Summary The District began issuing Certificates of Participation (COPs) on a variable interest rate basis in 1990. These variable rate COPs were a part of our long-tens financing plan which also included some more traditional fixed rate borrowing. In 1992 and 1993, some of the fixed rate COPS were refunded and replaced with synthetic-fixed rate COPs. These are variable interest rate COPS that are also subject to a long-term fixed-rate interest exchange agreement (SWAP). The SWAP provides the maximum interest rate to be paid by the District, and is less costly than traditional fixed rate borrowing. In August 2000, the entire financing program was restructured and modernized to incorporate and take advantage of the consolidation of District books of account and revenue structure. This process has reduced the number of COP issues from five to three; 1992 Refunding COPs, 1993 Refunding COPS and 2000 Refunding COPs. The 2000 COPs can be divided into Series A and Series B, if additional remarketing agents are desired. In August 2003, the District issued $280 million of fixed rate COPs, Series 2003, that have varying coupon rates that are matched against the varying maturity dates. The true interest cost for the entire issue is 5.15 percent. In March 2006, the District issued $200 million of variable rate COPS, Series 2006. Variable interest rate COPS can be put back on the market by the buyer each day. When this happens, they must be remarketed or sold to another buyer. This process, called remarketing, is generally provided by a municipal bond underwriter. The remarketing agent sets the interest rate they believe is required to sell the COPS. Some issuers believe that having more than one remarketing agent promotes competition and results in lower interest costs. =D • PA.Bax B19 • FwnWln VBl%,r 9272"127 • p14)e62-2411 Quarterly COP Report y For the Three Months Ended September 30, 2006 Page 2 of 2 y Staff has monitored variable interest rate issues of other agencies since the inception of , our program. The attached charts are described in the"Additional Information" section of this agenda report. They are provided monthly to compare our actual interest rates to a composite index, and to other selected issuers of similar credit quality, and with COP issues of similar amounts. Many variables affect interest rates, but staff expects our rates to be among the lowest. Ir Additional Information The first graph entitled, "OCSD COP Rate History Report," shows the actual variable and fixed interest rates paid on each of the daily, weekly, and monthly rate COPS since the last report, and the effective fixed rate for the two refunding issues which are covered by an interest rate exchange agreement commonly called "swap." The second graph, a bar chart entitled, "Comparative Daily COP Rate History Report, shows the performance of the Districts Daily Rate COPS as compared to a composite index rate, which represents the average rate of six similar variable rate daily reset borrowings. u The third graph, a bar chart entitled, "COP Daily Rate History, Comparison of Highest & Lowest Rates," compares the performance (monthly average interest rate) of the District's Daily Rate COPS with the highest and lowest monthly average rates from among six similar variable rate daily reset COPS. The fourth attachment is a tabular table entitled, "COP Rate History, Comparison of Monthly Averages," shows the monthly variable interest rate performance of the District's Daily Rate COPS as compared to the composite index. Estimated annual I interest payments calculated for a standard $100 million par amount, are also shown. L Variable rates historically rise at the end of each calendar quarter, and especially at year-end, because of business taxes and liquidity requirements. The rates tend to i" decline to prior levels immediately in the following month. i Staff maintains continuous rate monitoring and ongoing dialog with the remarketing 60 agents to keep the Committee fully informed about developments in the program as they may occur. (r Attachments 61 1. Graph - OCSD COP Daily Rate History Report 2. Graph - Comparative Daily COP Rate History Report 1 3. Graph- COP Rate History, Comparison of Highest & Lowest Rates 6 4. Tabular- COP Rate History, Comparison of Monthly Averages V V Prepmd by RnN ,10112FAM,5:04 PM OCSD COP RATE HISTORY REPORT September 2006 - - - - - - - - - - - - - - - - 4 2 1 DATE 4 4 4 4 4 4 4 c c 4 4 4 4 4 4 4 t lea 2003 Fixed t Steen Swap-Sedes'93 f�ally t SSarles 92 Variable Weekly —AIG Sw Sedes'92 yyee ty —tt—Senes'93 and'00 VariaWE Daily +Series 21o8 Variable Dai GM,al.dltftU220VBgOFWm MtATEHI0T.97 Prepared by Finance, 10/12/2006.4:49 PM COMPARATIVE DAILY COP RATE HISTORY REPORTI September 2006 4.00 . 3.00 aE 2.00 -- - I 1 1.00 Y 0.00 '1 — DATE 0 0 0 0 0 0 o a o 0 0 i UUy L m C j OI 6 0 2 cs LL G Q —1 �y Q to ■OCSOCOPSerlm'93and2000 OCOMPOSITE INDEX 1 OOCSD COP Soda 2006 I G:`excel.dta\OM22201geggffinanw\dailympintrate.Kla r r r r r r r r 9 1 I I 1 I COP DAILY RATE HISTORY COMPARISON Of HIGHEST & LOWEST RATES 1.7s -- 1.5 - :: 1.26 22 :i U. i.. i. . . i 2.76 is :ii S I 2.5 SS i� is a i a 2.25 2 1.7s •• i 21 1.s 22 :i2 22 IS :� ii .. i� .i ii it f� 1.25 22 : t iii � i'i 0.7s i 2 ii i i1 0.s t apr,pe M.y,a Jun,ae • Jul,pe lluy,a s.p.a CQN UBS/OCSD CrtIGRDUPnRWD SSIOLSD BaroCSD pW/OCSD PWroC90 m hest Hig rate ❑OCSD COP Sedes'00-PW ■OCSDCOPSeries'g&PW BOCSD COP Series 2008-BS ®Lowest rate G:kexml,dWa fin\2220VeggikFinenme ATEHIST HILC bacgmph Plepamd by Finance,10/1212006,5:08 PM Prepared by France, 1011212ODS,4:53 PM DAILY COP RATE HISTORY COMPARISON OF MONTHLY AVERAGES OCT 2005-SEP 2006 OCSD $200M $ 18.6M ld Series 2006 Series 2000 Series 93 Ref Composite Bear Steams PaineWebber PaineWebber Index' Oct-05 2.50 2.50 2.48 Nov-05 2.83 2,83 2.81 Dec-05 2.96 2,96 2.92 Jan-08 2.86 2.86 2.83 Feb-06 2.98 2.98 2.97 Mar-06 3.06 2.96 2.96 2.91 Apr-06 3.13 3.33 3.33 3.24 May-06 3.38 3.36 3.36 3.29 Jun-08 3.69 3.68 3.08 3.63 All-06 3.43 3.43 3.43 3.39 Aug-06 3.29 3.30 3.30 3.15 Se 3.39 3.39 3.39 3.33 AVERAGE 3.34% 3.13% 3.13% 3.08% ESTIMATED ANNUAL INTEREST PAYMENTS PER$100M PAR AMOUNT $ 3.338571 $ 3,131,6671 $ 3.131,667 $ 3.079,167 'FOOTNOTE Composite index waists of the following COP transactions: . IRWD, Sense 86-COP,56,05,$106.110,CiBgroup . IRWD, Series C-Ref 93-B,BSB,$62.1M,Lehman Brothers . IRWD,Senes9l,93,85,$93.OM,PaineWebber . IRWD,Series 89,C-Ref 93-A,C-Ref 95,$70.9M,Merrill Lynch . Western Riverside Co.Reg.Wastewater Auth.,Series 96,$25AM, PaineWebber G:bxoN.dMWA2220OWirwodC,OPdeily$rate comparison c r_ r , r-. r- r__ r__ r- r-. I .- r_. 1 - r- c- I- [- r -- Y ORANGE COUNTY SANITATION DISTRICT Finance Department 10844 Ellis Avenue Fountain Valley, California 92708-7018 (714) 962-2411 www.ocsd,com 9/30/06