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08-26-2015 Board Meeting Agenda Packet
Orange County Sanitation District Wednesday, August 26, 2015 Regular Meeting of the b _ 6:00 P.M. Board of Directors Board Room 10844 Ellis Avenue Fountain Valley, CA 92708 (714) 593-7433 AGENDA INVOCATION AND PLEDGE OF ALLEGIANCE: (Steven Choi, City of Irvine) ROLL CALL: DECLARATION OF QUORUM: PUBLIC COMMENTS: If you wish to address the Board of Directors on any item, please complete a Speaker's Form (located at the table outside of the Board Room) and submit it to the Clerk of the Board or notify the Clerk of the Board the item number on which you wish to speak. Speakers will be recognized by the Chairman and are requested to limit comments to three minutes. SPECIAL PRESENTATIONS: Employee Service Awards REPORTS: The Chair and the General Manager may 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. CONSENT CALENDAR: Consent Calendar Items are considered to be routine and will be enacted, by the Board of Directors, after one motion, without discussion. Any items withdrawn from the Consent Calendar for separate discussion will be considered in the regular order of business. 1. APPROVAL OF MINUTES (Clerk of the Board) RECOMMENDATION: Approve minutes of the Regular Board of Directors Meeting held on July 22, 2015. 08126115 OCSD Board of Directors Agenda Page 1 of 6 2. CENGEN COOLING WATER SYSTEM REPLACEMENT, PROJECT NO. J-109 (Rob Thompson) RECOMMENDATION: A. Approve an increase in the budget for CenGen Cooling Water System Replacement, Project No. J-109, by $140,000 for a total project budget of $11,477,000; B. Receive and file bid tabulation and recommendation; C. Award a construction contract to Tharsos, Inc.for Installation of New Fittings at PWPS, Contract No. J-109A, part of CenGen Cooling Water System Replacement, Project No. J-109, fora total amount not to exceed $34,885; and D. Approve contingency of$5,233 (15%). 3. REPAIR OF LEFT BANK CAMSHAFT ON ENGINE #1 AT PLANT 1 (Ed Torres) RECOMMENDATION: A. Approve a sole source purchase agreement with NRG Energy Services LLC, for the repair of Cen-Gen Engine #1 Left Bank Camshaft, for a total amount not to exceed $196,000; and B. Approve a contingency of$39,200 (20%) 4. UNIFORM AND JANITORIAL ARTICLES RENTAL SERVICE, SPECIFICATION NO. S-2015-675BD (Lorenzo Tyner) RECOMMENDATION: A. Award Purchase Order Contract to Prudential Overall Supply for Uniform and Janitorial Articles Rental Service, Specification No. S-2015-675BD, for one 3-year period (11/1/2015 — 10/31/18) for an amount not to exceed $180,273.60 with one 3-year renewal option; and B. Approve a contingency of$18,027 (10%). 08/26/15 OCSD Board of Directors Agenda Page 2 of 6 5. HAZARDOUS WASTE DISPOSAL PROGRAM (Bob Ghirelli) RECOMMENDATION: Ratify change order#2 to P.O. 104652-013, Specification S-2011-498, issued to Clean Harbors Environmental Service for hazardous waste services for an additional $10,000 for the contract amount not to exceed $205,000, for the remainder of the 2014/15 Fiscal year contract ending June 30, 2015. 6. TREASURER'S REPORT FOR THE FOURTH QUARTER ENDED JUNE 30, 2015 (Lorenzo Tyner) RECOMMENDATION: Receive and file Orange County Sanitation District Fourth Quarter Treasurer's Report for the period ended June 30, 2015. STEERING COMMITTEE: 7. APPROVAL OF MINUTES (Clerk of the Board) RECOMMENDATION: Approve minutes of the July 22, 2015 Regular Steering Committee Meeting. GWRS STEERING COMMITTEE: 8. APPROVAL OF MINUTES (Clerk of the Board) RECOMMENDATION: Receive and file the minutes of the April 13, 2015 meeting of the GWRS Steering Committee. NON-CONSENT: 9. AGREEMENT FOR COLLECTION OF SPECIAL ASSESSMENTS BY THE COUNTY OF ORANGE (Lorenzo Tyner) RECOMMENDATION: Approve agreement with the County of Orange to collect sanitary sewer service charges on the property tax roll. 10. OCSD MEDICAL INSURANCE REOPENER (Jim Herberg) RECOMMENDATION: Adopt Resolution No. OCSD 15-17, entitled, "A Resolution of the Board of Directors of the Orange County Sanitation District Approving Medical Insurance Changes Identified Through the 2015 Medical Reopener Negotiations." 0812&15 OCSD Board of Directors Agenda Page 3 of 6 11. CLASSIFICATION & COMPENSATION STUDIES - COMPARISON AGENCIES (Bob Ghirelli) RECOMMENDATION: Approve the final list of comparison agencies to begin the next phase of the Classification & Compensation Studies, which includes a labor market survey. AB 1234 REPORTS: INFORMATION ITEMS: None. 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,orpersonnel 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. Convene in closed session. (1) CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION (Government Code Section 54956.9(d)(1)) Number of Cases: 3 Klean Waters, Inc. v. Orange County Sanitation District, United States District Court, Central District of California, Southern Division, Case No. 8:15-cv-00627-JVS-FFM. Alex Shaaban v. Orange County Sanitation District, Orange County Superior Court, Case No. 30-2014-00714555 Kelly Ross v. Orange County Sanitation District, Orange County Superior Court, Case No. 30-2014-00714553 08/26A5 OCSD Board of Directors Agenda Page 4 of 6 (2) CONFERENCE WITH LABOR NEGOTIATORS (Government Code Section 54957.6) Agency Designated Representatives: James Herberg, Robert Ghirelli, Richard Spencer, Andrew Nau and Laurie Klinger. Employee Organizations: 1 International Union of Operating Engineers, Local 501 (3) CONFERENCE WITH LABOR NEGOTIATORS (Government Code Section 54957.6) Agency Designated Representatives: James Herberg, Robert Ghirelli Unrepresented Employees: Managers Group: Environmental Compliance and Regulatory Affairs Manager; Controller; Engineering Manager; Human Resources Manager; IT Systems & Operations Manager; Contracts and Purchasing Manager; Public Affairs Manager; Risk Manager; Operations Manager; Environmental Lab & Ocean Monitoring Manager; Maintenance Manager; Information Technology Manager; and Facilities Manager. (4) CONFERENCE WITH LABOR NEGOTIATORS (Government Code Section 54957.6) Agency Designated Representatives: James Herberg Unrepresented Employees: Executive Managers Group: Assistant General Manager; Director of Finance and Administrative Services; Director of Human Resources; Director or Operations and Maintenance; and Director of Facility Support Services. (5) CONFERENCE WITH LABOR NEGOTIATORS (Government Code Section 54957.6) Agency Designated Representatives: John Nielsen Unrepresented Employees: General Manager Reconvene in regular session. 0812&15 OCSD Board of Directors Agenda Page 5 of 6 CONSIDERATION OF ACTION, IF ANY, ON MATTERS CONSIDERED IN CLOSED SESSION: OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: ADJOURNMENT: Adjourn the Board meeting until the next Regular Board Meeting on September 23, 2015, at 6:00 p.m. Accommodations for the Disabled: Meeting Rooms are wheelchair accessible. If you require any special disability related accommodations, please contact the Orange County Sanitation District Clerk of the Board's office at(714)593-7433 at least 72 hours prior to the scheduled meeting. Requests must specify the nature of the disability and the type of accommodation requested. Agenda Posting: In accordance with the requirements of California Government Code Section 54954.2, this agenda has been posted outside the main gate of the Sanitation District's Administration Building located at 10844 Ellis Avenue, Fountain Valley, California, and on the Sanitation District's website at www.ocsd.com, not less than 72 hours prior to the meeting dale and time above. All public records relating to each agenda item, including any public records distributed less than 72 hours prior to the meeting to all, or a majority of the Board of Directors, are available for public inspection in the office of the Clerk of the Board. Agenda Description: The agenda provides a brief general description of each item of business to be considered or discussed. The recommended action does not indicate what action will be taken. The Board of Directors may take any action which is deemed appropriate. NOTICE TO DIRECTORS: To place items on the agenda for a Committee or Board Meeting,items must be submitted to the Clerk of the Board 14 days before the meeting. Kelly A. Lore Clerk of the Board (714)593-7433 kloreaocsd.com For any questions on the agenda, Committee members may contact staff at: General Manager Jim Herberg (714)593-7300 iherbsrgrcDocsd.com Assistant General Manager Bob Ghirelli (714)593-7400 rghirelli(a)ocsd.com Director of Engineering Rob Thompson (714)593-7310 rthomoson(alocsd.com Director of Facility Support Services Nick Amontes (714)593-7210 narhontes(ftasd.com Director of Finance and Lorenzo Tyner (714)593-7550 Iwneraocsd.com Administrative Services Director of operations 8 Maintenance Ed Torres 714 593-7080 gtorres ocsd.com pa@6A5 OCSD Board of Directors Page 6 of 6 ITEM NO. 1 Orange County Sanitation District MINUTES BOARD MEETING July 22, 2015 SANITgTjQy c ? z c+ o � 90r � �J ��?• HE ENv���� Administration Building 10844 Ellis Avenue Fountain Valley, California 92708-7018 0 712 212 01 5 Minutes of Board Meeting Page 1 of 13 ROLL CALL A regular meeting of the Board of Directors of the Orange County Sanitation District was held on July 22, 2015, at 6:03 p.m., in the Administration Building. Director Jones delivered the invocation and led the Pledge of Allegiance. The Clerk of the Board declared a quorum present as follows: ACTIVE DIRECTORS ALTERNATE DIRECTORS X John Nielsen, Chair Allan Bernstein X Gregory Sebourn Doug Chaffee X Lisa Bartlett Michelle Steel X Tom Beamish Rose Espinoza X Steven Choi Lynn Schott X Keith Curry Scott Peotter X Ellery Deaton Sandra Massa-Lavitt X Tyler Diep Joy Neugebauer X James M. Ferryman Bob Ooten X Steven Jones Kris Beard X Jim Katapodis Erik Peterson X Robert Kiley Michael Beverage X Peter Kim Michele Steggell X Lucille Kring Jordan Brandman X Greg Mills Robert Collaoott X Richard Murphy Shelley Hasselbrink X Steve Nagel MichaelVo X Glenn Parker Cecilia Hupp X David Shawver Carol Warren X Fred Smith Steve Berry X Teresa Smith Mark Murphy Sal Tinajero X David Benavides X Chad Wanke Constance Underhill X John Withers Douglas Reinhart Mariellen Yarc X Stacy Berry STAFF MEMBERS PRESENT: Jim Herberg, General Manager; Bob Ghirelli, Assistant General Manager; Lorenzo Tyner, Director of Finance & Administrative Services; Ed Torres, Director of Operations & Maintenance; Nick Arhontes, Director of Facility Support Services; Kelly Lore, Clerk of the Board; Jennifer Cabral; Jim Colston; Greg Deterding; Norbert Gala; Al Garcia; Michelle Hetherington; Dean Fisher; Mark Kawamoto; Javitta Malone; Kelly Newell; Wendy Sevenandt; Richard Spencer; Gina Tetsch and Eros Yong. OTHERS PRESENT: Brad Hogin (General Counsel); James Finete, Savage Finete, APLC 07/22/2015 Minutes of Board Meeting Page 2 of 13 PUBLIC COMMENTS: None. Chair Nielsen announced that the Consent Calendar would be heard before Special Presentations. CONSENT CALENDAR: 1. MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes for the Regular Board Meeting held on June 24, 2015. AYES: Bartlett; Beamish; Benavides (Alternate); Choi; Curry; Diep; Ferryman; Jones; Katapodis; Kiley; Kring; Mills; R. Murphy; Nielsen; Parker; Seboum; Shawver; F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: Stacy Berry (Alternate); Deaton; Kim; and Nagel ABSENT: None 2. MOVED, SECONDED, AND DULY CARRIED TO: Adopt Resolution No. OCSD 15-15 entitled, "A Resolution of the Board of Directors of the Orange County Sanitation District commending Tom Beamish for his outstanding contributions and dedication to public service as Chairman of the Orange County Sanitation District Board of Directors." AYES: Bartlett; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker, Seboum; Shawver; F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: Beamish ABSENT: None 07/22/2015 Minutes of Board Meeting Page 3 of 13 3. MOVED, SECONDED, AND DULY CARRIED TO: Ratify and approve Amendment No. 1 to the Professional Services Agreement, PSA2013-001, with Koury Engineering &Testing, Inc., to provide on-call Materials Testing, Inspection, and other Geotechnical Testing Services for Collection System and Treatment Plant projects,for an amount not to exceed $125,000, increasing the total contract amount not to exceed $325,000. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None 4. MOVED, SECONDED, AND DULY CARRIED TO: A. Receive and file bid tabulation and recommendation for IT Server Room Cooling Improvements, Project No. FE12-10; B. Award a construction contract to ODC Engineering & Technology, Project No. FE12-10, for a total amount not to exceed $281,000; and C. Approve a contingency of$28,100 (10%). AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None 07/22/2015 Minutes of Board Meeting Page 4 of 13 5. MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Task Order with CH2M HILL for Plant Air System Master Plan, Project No. SP-148, On-Call Planning Studies, Contract PLAN2013-04, Task Order No. 1, for an amount not to exceed $187,100; and B. Approve a contingency of$18,710 (10%). AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None SPECIAL PRESENTATION Chair Nielsen recognized Past Chair, Tom Beamish as a great public servant, notably lobbying for grant funds for GWRS, and his superb leadership style of allowing everyone to be heard. Chair Nielsen then presented a Certificate of Accomplishment from the City Council of the City of Tustin; a Certificate of Recognition from State Senator Bob Huff; a Certificate of Recognition from Assemblywoman Young Kim; the Resolution of Commendation from OCSD and the official Gavel plaque to Director Beamish. Director Beamish thanked everyone on the Board and staff, and stated that serving as the Chair is challenging, but it had been great. He further stated that it was his honor and pleasure to serve the District as the Chairman of the Board in the footsteps of his mentor Steve Anderson. He is looking forward to another year or more as a Director. General Manager, Jim Herberg presented a service award to Wendy Sevenandt, Division 750, CIP Project Manager— (25 years) REPORTS: Chair Nielsen provided an update from the Legislative Committee meeting including: AB1217; hosted tours; Proposition 84 grant funding; community outreach efforts; GWRS Dedication Ceremony; State of the District — Save the Date October 16, 2015 at 9:00 a.m.; notification that Heather Stratman is no longer with Townsend Affairs and reminded everyone that Committee meetings are dark in August. General Manager Herberg reported on the following: upcoming Nerissa tours; Strategic Plan update interviews and processes and Fleet awards received. 07/22/2015 Minutes of Board Meeting Page 5 of 13 OPERATIONS COMMITTEE: 6. MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes of the July 1, 2015 meeting of the Operations Committee. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None 7. MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Professional Design Services Agreement with MWH Americas, Inc. to provide engineering design services for the Rehabilitation of Seal Beach Pump Station, Project No. 3-62, for an amount not to exceed $6,917,175; and B. Approve a contingency of$691,718 (10%). AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver; F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None 8. MOVED, SECONDED, AND DULY CARRIED TO: A. Establish a budget for an AquaCritox® Demonstration Project Evaluation Study, Project No. SP-125-17, in the amount of$423,000. B. Approve a Sole Source Professional Services Agreement with SCFI Group Limited to conduct an Evaluation Study for the AquaCritoe Demonstration Project, Project No. SP-125-17, for an amount not to exceed $311,460; and C. Approve a contingency of$31,200 (10%) 07/22/2015 Minutes of Board Meeting Page 6 of 13 AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None ADMINISTRATION COMMITTEE: 9. MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes of the July 8, 2015 meeting of the Administration Committee. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None 10. MOVED, SECONDED, AND DULY CARRIED TO: Adopt Resolution No. OCSD 15-16 entitled, "A Resolution of the Orange County Sanitation District Board of Directors Adopting the Records Management Program Policy and Procedures, Updated Retention Schedule, Authorizing Destruction of Obsolete Records, and Repealing Resolution No. OCSD 10-12." AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None 07=2015 Minutes of Board Meeting Page 7 of 13 11. MOVED, SECONDED, AND DULY CARRIED TO: Receive and file the Independent Accountants' Report on Applying Agreed-Upon Procedures from White Nelson Diehl Evans, LLP. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Choi; Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver; F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: None Director Choi departed the meeting at 6:26 p.m. STEERING COMMITTEE: 12. MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes of the June 24, 2015 regular Steering Committee Meeting. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver; F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: Choi 13. MOVED, SECONDED, AND DULY CARRIED TO: Receive and File the General Manager's FY 2014 - 2015 Work Plan Year End Update. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. 07/22/2015 Minutes of Board Meeting Page 8 of 13 NOES: None ABSTENTIONS: None ABSENT: Choi LEGISLATIVE AND PUBLIC AFFAIRS COMMITTEE: 14. MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes of the July 13, 2015 meeting of the Legislative and Public Affairs Committee. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: None ABSENT: Choi Chair Nielsen recessed the Orange County Sanitation District Board of Directors Meeting at 6:27 p.m. 07/22/2015 Minutes of Board Meeting Page 9 of 13 ORANGE COUNTY SANITATION DISTRICT FINANCING CORPORATION CALL TO ORDER: Chair Nielsen called the Board of Directors, Orange County Sanitation District Financing Corporation meeting to order at 6:27 p.m. ACTIVE DIRECTORS ALTERNATE DIRECTORS X John Nielsen, Chair Allan Bernstein X Gregory Sebourn Doug Chaffee X Lisa Bartlett Michelle Steel X Tom Beamish Rose Espinoza A Steven Choi Lynn Schott X Keith Curry Scott Peotter X Ellery Deaton Sandra Massa-Lavitt X Tyler Diep Joy Neugebauer X James M. Ferryman Bob Ooten X Steven Jones Kris Beard X Jim Katapodis Erik Peterson X Robert Kiley Michael Beverage X Peter Kim Michele Steggell X Lucille Kring Jordan Brandman X Greg Mills Robert Collacott X Richard Murphy Shelley Hasselbrink X Steve Nagel MichaelVo X Glenn Parker Cecilia Hupp X David Shawver Carol Warren X Fred Smith Steve Berry X Teresa Smith Mark Murphy Sal Tinajero X David Benavides X Chad Wanke Constance Underhill X John Withers Douglas Reinhart Mariellen Yarc X Stacy Berry Kelly Lore, Clerk of the Board, announced that the members of the Orange County Sanitation District Board of Directors are each being compensated $212.50 for the Board Meeting; there is no additional compensation for the Financing Corporation Meeting. 07/22/2015 Minutes of Board Meeting Page 10 of 13 APPROVAL OF MINUTES: FC-1. Hearing no corrections or amendments made, the minutes for the meeting held on December 17, 2014, were deemed approved as so ordered by the Chair. AYES: Bartlett; Beamish; Benavides (Alternate); Stacy Berry (Alternate); Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Sebourn; Shawver, F. Smith; T. Smith; Wanke; and Withers. NOES: None ABSTENTIONS: Kim ABSENT: Choi Director Benavides left the room for the following item. ACTION ITEM: Director of Finance and Administrative Services, Lorenzo Tyner, provided a brief report regarding the outstanding debt of the Corporation. FC-2. MOVED, SECONDED, AND DULY CARRIED TO: Receive and File the Annual Status Report of the Orange County Sanitation District Financing Corporation. AYES: Bartlett; Beamish; Stacy Berry (Alternate); Curry; Deaton; Diep; Ferryman; Jones; Katapodis; Kiley; Kim; Kring; Mills; R. Murphy; Nagel; Nielsen; Parker; Seboum; Shawver; F. Smith; T. Smith; Wanks; and Withers. NOES: None ABSTENTIONS: None ABSENT: Benavides (Alternate) and Choi Chair Nielsen adjourned the meeting of the Board of Directors, Orange County Sanitation District Financing Corporation at 6:32 p.m. 07/22/2015 Minutes of Board Meeting Page 11 of 13 Chair Nielsen reconvened the meeting of the Board of Directors, Orange County Sanitation District at 6:32 p.m. Director Benavides returned to the meeting. NON-CONSENT: None. AS 1234 REPORTS: Director Ferryman reported on the following: OCCOG - Strategic planning workshop facilitated by Kris Thalman; SARFA - elected Executive Board, elected Cathy Green as Chair, approved their budget, and stated the Westminster Channel study should be completed in September; and NWRI will be approving a budget next month and Jeff Mosier will be evaluated. Director Ferryman noted that NWRI enjoys a very good reputation. INFORMATION ITEMS: 15. Classification & Compensation Studies - Comparison Agencies. Human Resources Manager, Rich Spencer provided a report on Item 15 including: history and purpose of the study, how the information is received; phases of the study; and criteria used during comparison. Comments were received regarding the lack of private sector comparison. Director Diep departed the meeting at 6:38 p.m. CONVENED IN CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTIONS: 54956.9(d)(1) and 54957.6 The Board convened in closed session at 6:38 p.m. to discuss two items. Confidential minutes of the Closed Session have been prepared in accordance with the above Government Code Sections and are maintained by the Clerk of the Board in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. Director Katapodis departed the meeting at 7:23 p.m. 07/22/2015 Minutes of Board Meeting Page 12 of 13 RECONVENED IN REGULAR SESSION: The Board reconvened in regular session at 7:25 p.m. CONSIDERATION OF ACTION, IF ANY, ON MATTERS CONSIDERED IN CLOSED SESSION: Brad Hogin, General Counsel, reported that the Board voted unanimously to authorize the Compromise and Release Settlement Agreement with Mark Boyd in the amount of $290,000, plus the Permanent Disability Advances of $57,976.95, for injuries related to his left femur, right hip and right upper extremity. Director Benavides departed the meeting at 7:26 p.m. OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: Chair Nielsen announced that Senator Moorlach will be touring OCSD on August 14, 2015 at 10:00 a.m. ADJOURNMENT: Chair Nielsen adjourned the meeting at 7:28 p.m. until the Regular Board Meeting on August 26, 2015 at 6:00 p.m. Kelly A. Lore Clerk of the Board 07/22/2015 Minutes of Board Meeting Page 13 of 13 BOARD OF DIRECTORS Meeting Date TOBd 01Dir. -- O8/26/15 AGENDA REPORT ItemNumber IemNumber z Orange County Sanitation District FROM: James D. Herberg, General Manager Originator: Rob Thompson, Director of Engineering SUBJECT: CENGEN COOLING WATER SYSTEM REPLACEMENT, PROJECT NO. J-109 GENERAL MANAGER'S RECOMMENDATION A. Approve an increase in the budget for CenGen Cooling Water System Replacement, Project No. J-109, by $140,000 for a total project budget of $11,477,000; B. Receive and file bid tabulation and recommendation; C. Award a construction contract to Tharsos, Inc. for Installation of New Fittings at PW PS, Contract No.J-109A, part of CenGen Cooling Water System Replacement, Project No. J-109, for a total amount not to exceed $34,885; and D. Approve contingency of$5,233 (15%). SUMMARY Orange County Sanitation District (Sanitation District) completed a construction contract to convert the Central Generation Engine cooling water supply from reclaimed water supplied by the Orange County Water District to secondary effluent (also called Plant Water). This project has resulted in significant water use reductions regionally, because plant water is reused at Plant No. 1 by GWRS and reclaimed water that was used at Plant No. 2 was sent to the ocean. Project No. J-109 upgraded the plant water systems at both treatment plants including additional plant water and cooling water capacity, 1,600 feet of pipe were replaced, new valves and instrumentation were added, and plant water strainers were upgraded. The original J-109 construction contract was completed in 2014. The plant water strainer pipe systems specified and installed by the original contract are not meeting operational and maintenance requirements. The pipe and strainer geometry is causing cavitation. This project will modify the pipe fittings and use harder materials to accommodate the service requirements. Since this is not a warranty issue and the original contractor no longer does business in California, the replacement of the pipe fittings was designed by Sanitation District staff and was bid as a new public works contract. A workers' compensation insurance claim on this contract has amounted to approximately $80,000 already paid with outstanding payment projected at $40,000 more. Page 1 of 3 The Orange County Sanitation District(Sanitation District) advertised for bids on May 22, 2015. Three sealed bids were received on July 14, 2015. The bids were evaluated in accordance with the Sanitation District policies and procedures. Tharsos, Inc. was deemed the lowest responsive, responsible bidder. Staff recommends awarding a construction contract to Tharsos, Inc. for Installation of New Fittings at PWPS, Contract No. J-109A, for a total amount not to exceed $34,885. Bidder Tharsos, Inc. $ 34,885 ODC Engineering $ 39,000 Recon Engineering $ 56,236 The total bid amount was higher than the Engineer's Estimate. A budget increase for Project No. J-109 is being recommended. Summary information regarding project budget and bid costs for CenGen Cooling Water System Replacement, Project No. J-109, is as follows: Project Budget $11,337,000 J-109 Construction Budget $ 5,658,000 J-109A Construction Budget $ 34,885 Engineer's Estimate $ 18,469 Lowest Responsive, Responsible Bid $ 34,885 High Bid $ 56,236 Comparison of Engineer's Estimate vs. Low Bid The Sanitation District evaluated the reasons for the difference of $16,416 between the engineer's estimate and the low bid and determined that it is most likely attributed to the cost of material and its limited availability in stock. PRIOR COMMITTEE/BOARD ACTIONS November 2011 —Awarded a Construction Contract with Stanek Constructors, Inc.for an amount not to exceed $5,658,000 and approved a contingency of$452,640 (8%). November2011 —Approved a Professional Consultant Services Agreement with Malcolm Pimie for an amount not to exceed $660,168 and approved a contingency of $99,025 (15%). February 2009—Approved Professional Design Services Agreement with Malcolm Pirnie for an amount not to exceed $1,489,877 and approved a contingency of$148,988 (10%). CEQA Notice of Exemption was filed on August 24, 2007. Page 2 of 3 BUDGET/PURCHASING ORDINANCE COMPLIANCE This recommendation complies with authority levels of the Sanitation District's Purchasing Ordinance. This item has been budgeted (Line Item: Item 64, Page A-10), but the budget is insufficient and requires additional funds to cover the insurance claims, increased cost of construction and internal staff labor costs. ATTACHMENT The following attachment(s) may be viewed on-line at the OCSD website (www.ocsd.coml with the complete agenda package: • Construction Contract VP:dm:gc Page 3 of 3 RETURN TO AGENDA PART A CONTRACT AGREEMENT C-CA-121914 TABLE OF CONTENTS CONTRACT AGREEMENT SECTION - 1 GENERAL CONDITIONS..................................................................1 SECTION -2 MATERIALS AND LABOR.................................................................4 SECTION -3 PROJECT..........................................................................................5 SECTION -4 PLANS AND SPECIFICATONS ........................................................5 SECTION -5 TIME OF COMMENCEMENT AND COMPLETION ..........................5 SECTION -6 TIME IS OF THE ESSENCE .............................................................5 SECTION -7 EXCUSABLE DELAYS......................................................................6 SECTION -8 EXTRA WORK...................................................................................6 SECTION -9 CHANGES IN PROJECT...................................................................7 SECTION - 10 LIQUIDATED DAMAGES FOR DELAY.............................................7 SECTION - 11 CONTRACT PRICE AND METHOD OF PAYMENT.........................8 SECTION - 12 SUBSTITUTION OF SECURITIES IN LIEU OF RETENTION OF FUNDS ............................................................................................10 SECTION - 13 COMPLETION.................................................................................10 SECTION - 14 CONTRACTOR'S EMPLOYEES COMPENSATION.......................10 SECTION - 15 SURETY BONDS ............................................................................12 SECTION - 16 INSURANCE....................................................................................13 SECTION - 17 RISK AND INDEMNIFICATION.......................................................21 SECTION - 18 TERMINATION................................................................................21 SECTION - 19 WARRANTY....................................................................................22 SECTION -20 ASSIGNMENT.................................................................................23 SECTION -21 RESOLUTION OF DISPUTES ........................................................23 SECTION -22 SAFETY& HEALTH ........................................................................23 SECTION -23 NOTICES.........................................................................................24 C-CA-121914 RETURN TO AGENDA CONTRACT AGREEMENT ORANGE COUNTY SANITATION DISTRICT CONTRACT NO. J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Part of PROJECT NO. J-109, CENGEN COOLING WATER SYSTEM REPLACEMENT THIS AGREEMENT is made and entered into, to be effective, this August 26, 2015, by and between Tharsos, Inc., hereinafter referred to as "CONTRACTOR" and the Orange County Sanitation District, hereinafter referred to as "OCSD". WITNESSETH That for and in consideration of the promises and agreements hereinafter made and exchanged, OCSD and CONTRACTOR agree as follows: SECTION-1 GENERAL CONDITIONS CONTRACTOR certifies and agrees that all the terms, conditions and obligations of the Contract Documents as hereinafter defined, the location of the job site, and the conditions under which the Work is to be performed have been thoroughly reviewed, and enters into this Contract based upon CONTRACTOR's investigation of all such matters and is in no way relying upon any opinions or representations of OCSD. It is agreed that this Contract represents the entire agreement. It is further agreed that the Contract Documents are each incorporated into this Contract by reference, with the same force and effect as if the same were set forth at length herein, and that CONTRACTOR and its Subcontractors, if any, will be and are bound by any and all of said Contract Documents insofar as they relate in any part or in any way, directly or indirectly, to the Work covered by this Contract. CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 1 of 25 A. Contract Documents Order of Precedence "Contract Documents" refers to those documents identified in the definition of"Contract Documents" in the General Conditions—Definitions. 1. In the event of a conflict between one Contract Document and any of the other Contract Documents, the provisions in the document highest in precedence shall be controlling. The order of precedence of the Contract Documents is as follows: a. Supplemental Agreements—the last in time being the first in precedence b. Addenda issued prior to opening of Bids—the last in time being the first in precedence c. Contract Agreement d. Permits and other regulatory requirements e. Special Provisions f. General Conditions (GC) g. Notice Inviting Bids and Instruction to Bidders h. Geotechnical Baseline Report(GBR), if attached as a Contract Document I. Plans and Specifications—in these documents the order of precedence shall be: i. Specifications (Divisions 01-17) ii. Plans H. General Requirements (GR) iv. Standard Drawings and Typical Details j. CONTRACTOR'S Bid 2. In the event of a conflict between terms within an individual Contract Document, the conflict shall be resolved by applying the following principles as appears applicable: a. Figured dimensions on the Contract Documents shall govern. Dimensions not specified shall be as directed by the ENGINEER. Details not shown or C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 2 of 25 RETURN TO AGENDA specified shall be the same as similar parts that are shown or specified, or as directed. Full-size details shall take precedence over scale Drawings as to shape and details of construction. Specifications shall govern as to material and workmanship. b. The Contract Documents calling for the higher quality material or workmanship shall prevail. Materials or Work described in words, which so applied, have a well known technical or trade meaning shall be deemed to refer to such recognized standards. In the event of any discrepancy between any Drawings and the figures thereon, the figures shall be taken as correct. C. Scale Drawings, full-size details, and Specifications are intended to be fully complementary and to agree. Should any discrepancy between Contract Documents come to the CONTRACTOR's attention, or should an error occur in the efforts of others, which affect the Work, the CONTRACTOR shall notify the ENGINEER, in writing, at once. In the event any doubts or questions arise with respect to the true meaning of the Contract Documents, reference shall be made to the ENGINEER whose written decision shall be final. If the CONTRACTOR proceeds with the Work affected without written instructions from the ENGINEER, the CONTRACTOR shall be fully responsible for any resultant damage or defect. d. Anything mentioned in the Specifications and not indicated in the Plans, or indicated in the Plans and not mentioned in the Specifications, shall be of like effect as if indicated and mentioned in both. In case of discrepancy in the Plans or Specifications, the matter shall be immediately submitted to OCSD's ENGINEER, without whose decision CONTRACTOR shall not adjust said CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 3 of 25 discrepancy save only at CONTRACTOR's own risk and expense. The decision of the ENGINEER shall be final. In all matters relating to the acceptability of material, machinery or plant equipment; classifications of material or Work; the proper execution, progress or sequence of the Work; and quantities interpretation of the Contract Documents, the decision of the ENGINEER shall be final and binding, and shall be a condition precedent to any payment under the Contract, unless otherwise ordered by the Board of Directors. B. Definitions Capitalized terms used in this Contract are defined in the General Conditions, Definitions. Additional terms may be defined in the Special Provisions. SECTION—2 MATERIALS AND LABOR CONTRACTOR shall furnish, under the conditions expressed in the Plans and Specifications, at CONTRACTOR'S own expense, all labor and materials necessary, except such as are mentioned in the Specifications to be furnished by OCSD, to construct and complete the Project, in good workmanlike and substantial order. If CONTRACTOR fails to pay for labor or materials when due, OCSD may settle such claims by making demand upon the Surety to this Contract. In the event of the failure or refusal of the Surety to satisfy said claims, OCSD may settle them directly and deduct the amount of payments from the Contract Price and any amounts due to CONTRACTOR. In the event OCSD receives a stop payment notice from any laborer or material supplier alleging non-payment by CONTRACTOR, OCSD shall be entitled to deduct all of its costs and expenses incurred relating thereto, including but not limited to administrative and legal fees. C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 4 of 25 RETURN TO AGENDA SECTION-3 PROJECT The Project is described as: CONTRACT NO. J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Part of PROJECT NO. J-109, CENGEN COOLING WATER SYSTEM REPLACEMENT SECTION —4 PLANS AND SPECIFICATONS The Work to be done is shown in a set of Plans and Specifications entitled: CONTRACT NO. J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Part of PROJECT NO. J-109, CENGEN COOLING WATER SYSTEM REPLACEMENT Said Plans and Specifications and any revision, amendments and addenda thereto are attached hereto and incorporated herein as part of this Contract and referred to by reference. SECTION—5 TIME OF COMMENCEMENT AND COMPLETION CONTRACTOR agrees to commence the Project within 15 calendar days from the date set forth in the "Notice to Proceed" sent by OCSD, unless otherwise specified therein and shall diligently prosecute the Work to completion within 180 calendar days from the date of the "Notice to Proceed" issued by OCSD, excluding delays caused or authorized by OCSD as set forth in Sections 7, 8, and 9 hereof, and applicable provisions in the General Conditions. The time for completion includes 5 calendar days determined by OCSD likely to be inclement weather when CONTRACTOR will be unable to work. SECTION—6 TIME IS OF THE ESSENCE Time is of the essence of this Contract. As required by the Contract Documents, CONTRACTOR shall prepare and obtain approval of all shop drawings, details and samples, CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGSAT PWPS Page 5 of 25 and do all other things necessary and incidental to the prosecution of CONTRACTOR's Work in conformance with an approved construction progress schedule. CONTRACTOR shall coordinate the Work covered by this Contract with that of all other contractors, subcontractors and of OCSD, in a manner that will facilitate the efficient completion of the entire Work and accomplish the required milestone(s), if any, by the applicable deadline(s) in accordance with Section 5 herein. OCSD shall have the right to assert complete control of the premises on which the Work is to be performed and shall have the right to decide the time or order in which the various portions of the Work shall be installed or the priority of the work of subcontractors, and, in general, all matters representing the timely and orderly conduct of the Work of CONTRACTOR on the premises. SECTION—7 EXCUSABLE DELAYS CONTRACTOR shall only be excused for any delay in the prosecution or completion of the Project as specifically provided in General Conditions, "Extensions for Delay", and the General Requirements, "By CONTRACTOR or Others— Unknown Utilities during Contract Work". Extensions of time and extra compensation arising from such excusable delays will be determined in accordance with the General Conditions, "Extension of Time for Delay"and "Contract Price Adjustments and Payments", and extensions of time and extra compensation as a result of incurring undisclosed utilities will be determined in accordance with General Requirements, "By CONTRACTOR or Others— Unknown Utilities during Contract Work". OCSD's decision will be conclusive on all parties to this Contract. SECTION—8 EXTRA WORK The Contract Price as set forth in Section 11, includes compensation for all Work performed by CONTRACTOR, unless CONTRACTOR obtains a Change Order signed by a designated representative of OCSD specifying the exact nature of the Extra Work and the amount of extra compensation to be paid all as more particularly set forth in Section 9 hereof and the General C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 6 of 25 RETURN TO AGENDA Conditions, "Request for Change (Changes at CONTRACTOR's Request)", "OWNER Initiated Changes", and "Contract Price Adjustments and Payments". In the event a Change Order is issued by OCSD pursuant to the Contract Documents, OCSD shall extend the time fixed in Section 5 for completion of the Project by the number of days, if any, reasonably required for CONTRACTOR to perform the Extra Work, as determined by OCSD's ENGINEER. The decision of the ENGINEER shall be final. SECTION-9 CHANGES IN PROJECT OCSD may at any time, without notice to any Surety, by Change Order, make any changes in the Work within the general scope of the Contract Document, including but not limited to changes: 1. In the Specifications (including Drawings and designs); 2. In the time, method or manner of performance of the Work; 3. In OCSD-furnished facilities, equipment, materials, services or site; or 4. Directing acceleration in the performance of the Work. No change of period of performance or Contract Price, or any other change in the Contract Documents, shall be binding until the Contract is modified by a fully executed Change Order. All Change Orders shall be issued in accordance with the requirements set forth in the General Conditions, "Request for Change (Changes at CONTRACTOR's Request)" and "OWNER Initiated Changes". SECTION—10 LIQUIDATED DAMAGES FOR DELAY Liquidated Damages shall be payable in the amounts and upon the occurrence of such events or failure to meet such requirements or deadlines as provided in the Special Provisions, "Liquidated Damages and Incentives." CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 7 of 25 SECTION—11 CONTRACT PRICE AND METHOD OF PAYMENT A. OCSD agrees to pay and the CONTRACTOR agrees to accept as full consideration for the faithful performance of this Contract, subject to any additions or deductions as provided in approved Change Orders, the sum of Thirty-Four Thousand Eight Hundred Eighty-Five Dollars ($34,885) as itemized on the Attached Exhibit"A". Upon satisfaction of the conditions precedent to payment set forth in the General Requirements, Additional General Requirements and General Conditions (including but not limited to Sections entitled "Mobilization Payment Requirements" and "Payment Itemized Breakdown of Contract Lump Sum Prices"), there shall be paid to the CONTRACTOR an initial Net Progress Payment for mobilization. OCSD shall issue at the commencement of the job a schedule which shows: 1. A minimum of one payment to be made to the CONTRACTOR for each successive four(4)week period as the Work progresses, and 2. The due dates for the CONTRACTOR to submit requests for payment to meet the payment schedule. After the initial Net Progress Payment, and provided the CONTRACTOR submits the request for payment prior to the end of the day required to meet the payment schedule, the CONTRACTOR shall be paid a Net Progress Payment on the corresponding monthly payment date set forth in the schedule. Payments shall be made on demands drawn in the manner required by law, accompanied by a certificate signed by the ENGINEER, stating that the Work for which payment is demanded has been performed in accordance with the terms of the Contract Documents, and that the amount stated in the certificate is due under the terms of the Contract. Payment C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 8 of 25 RETURN TO AGENDA applications shall also be accompanied with all documentation, records, and releases as required by the Contract, Exhibit A, Schedule of Prices, and General Conditions, "Payment for Work—General". The Total amount of Progress Payments shall not exceed the actual value of the Work completed as certified by OCSD's ENGINEER. The processing of payments shall not be considered as an acceptance of any part of the Work. B. As used in this Section, the following defined terms shall have the following meanings: 1. "Net Progress Payment" means a sum equal to the Progress Payment less the Retention Amount and other qualified deductions (Liquidated Damages, stop payment notices, etc.). 2. "Progress Payment" means a sum equal to: a. the value of the actual Work completed since the commencement of the Work as determined by OCSD; b. plus the value of material suitably stored at the worksite, treatment plant or approved storage yards subject to or under the control of OCSD since the commencement of the Work as determined by OCSD; C. less all previous Net Progress Payments; d. less all amounts of previously qualified deductions; e. less all amounts previously retained as Retention Amounts. 3. "Retention Amount"for each Progress Payment means the percentage of each Progress Payment to be retained by OCSD to assure satisfactory completion of the Contract. The amount to be retained from each Progress Payment shall be determined as provided in the General Conditions—"Retained Funds; Substitution of Securities." CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 9 of 25 SECTION—12 SUBSTITUTION OF SECURITIES IN LIEU OF RETENTION OF FUNDS Pursuant to Public Contract Code Section 22300 at seq., the CONTRACTOR may, at its sole expense, substitute securities as provided in General Conditions—"Retained Funds; Substitution of Securities." SECTION-13 COMPLETION Final Completion and Final Acceptance shall occur at the time and in the manner specified in the General Conditions, "Final Acceptance and Final Completion", "Final Payment" and Exhibit A- Schedule of Prices. Upon receipt of all documentation, records, and releases as required by the Contract from the CONTRACTOR, OCSD shall proceed with the Final Acceptance as specified in General Conditions. SECTION—14 CONTRACTOR'S EMPLOYEES COMPENSATION A. Davis-Bacon Act: CONTRACTOR will pay and will require all Subcontractors to pay all employees on said Project a salary or wage at least equal to the prevailing rate of per diem wages as determined by the Secretary of Labor in accordance with the Davis-Bacon Act for each craft or type of worker needed to perform the Contract. The provisions of the Davis-Bacon Act shall apply only if the Contract is in excess of Two Thousand Dollars ($2,000.00) and when twenty-five percent (25%) or more of the Contract is funded by federal assistance. If the aforesaid conditions are met, a copy of the provisions of the Davis-Bacon Act to be complied with are incorporated herein as a part of this Contract and referred to by reference. B. General Prevailing Rate: OCSD has been advised by the State of California Director of Industrial Relations of its determination of the general prevailing rate of per diem wages and the general prevailing C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 10 of 25 RETURN TO AGENDA rate for legal holiday and overtime Work in the locality in which the Work is to be performed for each craft or type of Work needed to execute this Contract, and copies of the same are on file in the Office of the ENGINEER of OCSD. The CONTRACTOR agrees that not less than said prevailing rates shall be paid to workers employed on this public works Contract as required by Labor Code Section 1774 of the State of California. Per California Labor Code 1773.2, OCSD will have on file copies of the prevailing rate of per diem wages at its principal office and at each job site, which shall be made available to any interested party upon request. C. Forfeiture for Violation: CONTRACTOR shall, as a penalty to OCSD, forfeit Two Hundred Dollars ($200.00)for each calendar day or portion thereof for each worker paid (either by the CONTRACTOR or any Subcontractor under it) less than the prevailing rate of per diem wages as set by the Director of Industrial Relations, in accordance with Sections 1770-1780 of the California Labor Code for the Work provided for in this Contract, all in accordance with Section 1775 of the Labor Code of the State of California. D. ADDrentices: Sections 1777.5, 1777.6, 1777.7 of the Labor Code of the State of California, regarding the employment of apprentices are applicable to this Contract and the CONTRACTOR shall comply therewith if the prime contract involves Thirty Thousand Dollars ($30,000.00) or more. E. Workday: In the performance of this Contract, not more than eight(8) hours shall constitute a day's work, and the CONTRACTOR shall not require more than eight (8) hours of labor in a day from any person employed by him hereunder except as provided in paragraph (B)above. CONTRACTOR shall conform to Article 3, Chapter 1, Part 7 (Section 1810 at sea.)of the CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 11 of 25 Labor Code of the State of California and shall forfeit to OCSD as a penalty, the sum of Twenty-five Dollars ($25.00)for each worker employed in the execution of this Contract by CONTRACTOR or any Subcontractor for each calendar day during which any worker is required or permitted to labor more than eight(8) hours in any one calendar day and forty (40) hours in any one week in violation of said Article. CONTRACTOR shall keep an accurate record showing the name and actual hours worked each calendar day and each calendar week by each worker employed by CONTRACTOR in connection with the Project. F. Registration: Record of Wages: Inspection: CONTRACTOR shall comply with the registration requirements of Labor Code Section 1725.5. Pursuant to Labor Code Section 1771.4, the Work is subject to compliance monitoring by the California Department of Industrial Relations. CONTRACTOR shall maintain accurate payroll records and shall submit payroll records to the Labor Commissioner pursuant to Labor Code Section 1771.4(a)(3). Penalties for non-compliance with the requirements of Section 1776 may be deducted from progress payments per Section 1776. CONTRACTOR shall comply with the job site notices posting requirements established by the Labor Commissioner per Title 8, California Code of Regulations Section 16461(a). SECTION- 15 SURETY BONDS CONTRACTOR shall, before entering upon the performance of this Contract, furnish Bonds approved by OCSD's General Counsel—one in the amount of one hundred percent (100%)of the Contract amount, to guarantee the faithful performance of the Work, and the other in the amount of one hundred percent (100%)of the Contract amount to guarantee payment of all claims for labor and materials furnished. As changes to the Contract occur via approved Change Orders, the CONTRACTOR shall assure that the amounts of the Bonds are adjusted to maintain 100% of the Contract Price. This Contract shall not become effective until such Bonds are supplied to and approved by OCSD. Bonds must be issued by a Surety authorized by the C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 12 of 25 RETURN TO AGENDA State Insurance Commissioner to do business in California. The Performance Bond shall remain in full force and effect through the warranty period, as specified in Section 19 below. All Bonds required to be submitted relating to this Contract must comply with California Code of Civil Procedure Section 995.630. Each Bond shall be executed in the name of the Surety insurer under penalty of perjury, or the fact of execution of each Bond shall be duly acknowledged before an officer authorized to take and certify acknowledgments, and either one of the following conditions shall be satisfied: A. A copy of the transcript or record of the unrevoked appointment, power of attorney, by- laws, or other instrument, duly certified by the proper authority and attested by the seal of the insurer entitling or authorizing the person who executed the Bond to do so for and on behalf of the insurer, is on file in the Office of the County Clerk of the County of Orange; or B. A copy of a valid power of attorney is attached to the Bond. SECTION—16 INSURANCE CONTRACTOR shall purchase and maintain, for the duration of the Contract, insurance against claims for injuries to persons, or damages to property which may arise from or in connection with the performance of the Work hereunder, and the results of that Work by CONTRACTOR, its agents, representatives, employees, or Subcontractors, in amounts equal to the requirements set forth below. CONTRACTOR shall not commence Work under this Contract until all insurance required under this Section is obtained in a form acceptable to OCSD, nor shall CONTRACTOR allow any Subcontractor to commence Work on a subcontract until all insurance required of the Subcontractor has been obtained. CONTRACTOR shall maintain all of the foregoing insurance coverages in force through the point at which the Work under this Contract is fully completed and accepted by OCSD pursuant to the provisions of the General Conditions, "Final Acceptance and Final Completion'. Furthermore, CONTRACTOR shall maintain all of the foregoing insurance coverages in full force and effect throughout the warranty CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 13 of 25 period, commencing on the date of Final Acceptance. The requirement for carrying the foregoing insurance shall not derogate from the provisions for indemnification of OCSD by CONTRACTOR under Section 17 of this Contract. Notwithstanding nor diminishing the obligations of CONTRACTOR with respect to the foregoing, CONTRACTOR shall subscribe for and maintain in full force and effect during the life of this Contract, inclusive of all changes to the Contract Documents made in accordance with the provisions of the General Conditions, "Request for Change (Changes at CONTRACTOR's Request)" and/or"OWNER Initiated Changes", the following insurance in amounts not less than the amounts specified. OCSD reserves the right to amend the required limits of insurance commensurate with the CONTRACTOR's risk at any time during the course of the Project. No vehicles may enter OCSD Premises/worksite without possessing the required insurance coverage. CONTRACTOR's insurance shall also comply with all insurance requirements prescribed by agencies from whom permits shall be obtained for the Work and any other third parties from whom third party agreements are necessary to perform the Work (collectively, the "Third Parties"), The Special Provisions may list such requirements and sample forms and requirements from such Third Parties may be included in an attachment to the General Requirements. CONTRACTOR bears the responsibility to discover and comply with all requirements of Third Parties, including meeting specific insurance requirements, that are necessary for the complete performance of the Work. To the extent there is a conflict between the Third Parties' insurance requirements and those set forth by OCSD herein, the requirement(s) providing the more protective coverage for both OSCD and the Third Parties shall control and be purchased and maintained by CONTRACTOR. C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 14 of 25 RETURN TO AGENDA A. Limits of Insurance 1. General Liability: One Million Dollars ($1,000,000) per occurrence and a general aggregate limit of One Million Dollars ($1,000,000)for bodily injury, personal injury and property damage. Coverage shall include each of the following: a. Premises-Operations. b. Products and Completed Operations, with limits of at least One Million Dollars ($1,000,000) per occurrence and a general aggregate limit of One Million Dollars ($1,000,000)which shall be in effect at all times during the warranty period set forth in the Warranty section herein, and as set forth in the General Conditions, "Warranty(CONTRACTOR's Guarantee)", plus any additional extension or continuation of time to said warranty period that may be required or authorized by said provisions. C. Broad Form Property Damage, expressly including damage arising out of explosion, collapse, or underground damage. d. Contractual Liability, expressly including the indemnity provisions assumed under this Contract. e. Separation of Insured Clause, providing that coverage applies separately to each insured, except with respect to the limits of liability. f. Independent CONTRACTOR's Liability. To the extent first dollar coverage, including defense of any claim, is not available to OCSD or any other additional insured because of any SIR, deductible, or any other form of self insurance, CONTRACTOR is obligated to assume responsibility of insurer until the deductible, SIR or other condition of insurer assuming its defense and/or indemnity has been satisfied. CONTRACTOR shall be responsible to pay any deductible or SIR. CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 15 of 25 g. If a crane will be used, the General Liability insurance will be endorsed to add Riggers Liability coverage or its equivalent to cover the usage of the crane and exposures with regard to the crane operators, riggers and others involved in using the crane. h. If divers will be used, the General Liability insurance will be endorsed to cover marine liability or its equivalent to cover the usage of divers. 2. Automobile Liability: The CONTRACTOR shall maintain a policy of Automobile Liability Insurance on a comprehensive form covering all owned, non-owned, and hired automobiles, trucks, and other vehicles providing the following minimum limits of liability coverage: Either(1)a combined single limit of One Million Dollars ($1,000,000) and a general aggregate limit of One Million Dollars ($1,000,000)for bodily injury, personal injury and property damage; Or alternatively, (2) One Million Dollars ($1,000,000) per person for bodily injury and One Million Dollars ($1,000,000) per accident for property damage. 3. Umbrella Excess Liability: The minimum limits of general liability and automobile liability insurance required, as set forth above, shall be provided for either in a single policy of primary insurance or a combination of policies of primary and umbrella excess coverage. Excess liability coverage shall be issued with limits of liability which, when combined with the primary insurance, will equal the minimum limits for general liability and automobile liability. 4. Worker's Compensation/Employer's Liability: CONTRACTOR shall provide such Worker's Compensation Insurance as required by the Labor Code of the State of California, including employer's liability with a minimum limit of One Million Dollars ($1,000,000) per accident for bodily injury or disease. If an exposure to Jones Act C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 16 of 25 RETURN TO AGENDA liability may exist, the insurance required herein shall include coverage with regard to Jones Act claims. Where permitted by law, CONTRACTOR hereby waives all rights of recovery by subrogation because of deductible clauses, inadequacy of limits of any insurance policy, limitations or exclusions of coverage, or any other reason against OCSD, its or their officers, agents, or employees, and any other contractor or subcontractor performing Work or rendering services on behalf of OCSD in connection with the planning, development and construction of the Project. In all its insurance coverages related to the Work, CONTRACTOR shall include clauses providing that each insurer shall waive all of its rights of recovery by subrogation against OCSD, its or their officers, agents, or employees, or any other contractor or subcontractor performing Work or rendering services at the Project. Where permitted by law, CONTRACTOR shall require similar written express waivers and insurance clauses from each of its Subcontractors of every tier. A waiver of subrogation shall be effective as to any individual or entity, even if such individual or entity (a)would otherwise have a duty of indemnification, contractual or otherwise, (b)did not pay the insurance premium, directly or indirectly, and (c)whether or not such individual or entity has an insurable interest in the property damaged. 5. Limits are Minimums: If CONTRACTOR maintains higher limits than the minimums shown in this Section, OCSD requires and shall be entitled to coverage for the higher limits maintained by the CONTRACTOR. B. Deductibles and Self-Insured Retentions Any deductibles or self-insured retentions must be declared to and approved by OCSD. At the option of OCSD, either: the Insurer shall reduce or eliminate such deductibles or self- CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 17 of 25 insured retentions as respects OCSD, its Directors, officers, agents, CONSULTANTS, and employees; or CONTRACTOR shall provide a financial guarantee satisfactory to OCSD guaranteeing payment of losses and related investigations, claim administration, and defense expenses. C. Other Insurance Provisions 1. Each such policy of General Liability Insurance and Automobile Liability Insurance shall be endorsed to contain, the following provisions: a. OCSD, its Directors, officers, agents, CONSULTANTS, and employees, and all public agencies from whom permits will be obtained, and their Directors, officers, agents, and employees are hereby declared to be additional insureds under the terms of this policy, but only with respect to the operations of CONTRACTOR at or from any of the sites of OCSD in connection with this Contract, or acts and omissions of the additional insured in connection with its general supervision or inspection of said operations related to this Contract. b. Insurance afforded by the additional insured endorsement shall apply as primary insurance, and other insurance maintained by OCSD shall be excess only and not contributing with insurance provided under this policy. 2. Each insurance policy required herein shall be endorsed to state that coverage shall not be cancelled by either party, except after thirty (30)days prior written notice by certified mail, return receipt requested, and that coverage shall not be cancelled for non-payment of premium except after ten (10)days prior written notice by certified mail, return receipt requested. Should there be changes in coverage or an increase in deductible or SIR amounts, CONTRACTOR undertakes to procure a manuscript endorsement from its insurer giving 30 days prior notice of such an event to OCSD, or to have its insurance broker/agent send to OCSD a certified letter describing the C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 18 of 25 RETURN TO AGENDA changes in coverage and any increase in deductible or SIR amounts. The certified letter must be sent Attention: Risk Management and shall be received not less than twenty (20) days prior to the effective date of the change(s). The letter must be signed by a Director or Officer of the broker/agent and must be on company letterhead, and may be sent via e-mail in pdf format. 3. Coverage shall not extend to any indemnity coverage for the active negligence of any additional insured in any case where an agreement to indemnify the additional insured would be invalid under California Civil Code Section 2782(b). 4. If required by a public agency from whom permit(s)will be obtained, each policy of General Liability Insurance and Automobile Liability Insurance shall be endorsed to specify by name the public agency and its legislative members, officers, agents, CONSULTANTS, and employees, to be additional insureds. D. Acceotability of Insurers Insurers must have an "A-", or better, Policyholder's Rating, and a Financial Rating of at least Class Vill, or better, in accordance with the most current A.M. Best Rating Guide. OCSD recognizes that State Compensation Insurance Fund has withdrawn from participation in the A.M. Best Rating Guide process. Nevertheless, OCSD will accept State Compensation Insurance Fund for the required policy of workers compensation insurance, subject to OCSD's option, at any time during the term of this Contract, to require a change in insurer upon twenty (20)days written notice. Further, OCSD will require CONTRACTOR to substitute any insurer whose rating drops below the levels herein specified. Said substitution shall occur within twenty (20)days of written notice to CONTRACTOR by OCSD or its agent. CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 19 of 25 E. Verification of Coverage CONTRACTOR shall furnish OCSD with original certificates and mandatory endorsements affecting coverage. Said policies and endorsements shall conform to the requirements herein stated. All certificates and endorsements are to be received and approved by OCSD before Work commences. OCSD reserves the right to require complete, certified copies of all required insurance policies, including endorsements, affecting the coverage required by these Specifications at any time. F. Subcontractors CONTRACTOR shall be responsible to establish insurance requirements for any Subcontractors hired by CONTRACTOR. The insurance shall be in amounts and types reasonably sufficient to deal with the risk of loss involving the Subcontractor's operations and work. OCSD and any public agency issuing permits for the Project must be named as "Additional Insured"on any General Liability or Automobile Liability policy obtained by a Subcontractor. The CONTRACTOR must obtain copies and maintain current versions of all Subcontractors' policies, Certificate of Liability and mandatory endorsements effecting coverage. Upon request, CONTRACTOR must furnish OCSD with the above referenced required documents. G. Required Forms and Endorsements 1. Required ACORD Form a. Certificate of Liability Form 25 2. Required Insurance Services Office, Inc. Endorsements (when alternative forms are shown, they are listed in order of preference) In the event any of the following forms are cancelled by Insurance Services Office, Inc. (ISO), or are updated, the ISO replacement form or equivalent must be supplied. C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 20 of 25 RETURN TO AGENDA a. Commercial General Liability Form CG-0001 10 01 b. Additional Insured Including Form CG-2010 10 01 and Products-Completed Operations Form CG-2037 10 01 C. Waiver of Transfer of Rights of Form CG-2404 11 85; or Recovery Against Others to Us/ Form CG-2404 10 93 Waiver of Subrogation 3. Required State Compensation Insurance Fund Endorsements a. Waiver of Subrogation Endorsement No. 2570 b. Cancellation Notice Endorsement No. 2065 4. Additional Required Endorsements a. Notice of Policy Termination Manuscript Endorsement SECTION-17 RISK AND INDEMNIFICATION All Work covered by this Contract done at the site of construction or in preparing or delivering materials to the site shall be at the risk of CONTRACTOR alone. CONTRACTOR shall save, indemnify, defend, and keep OCSD and others harmless as more specifically set forth in General Conditions, "General Indemnification". SECTION-18 TERMINATION This Contract may be terminated in whole or in part in writing by OCSD in the event of substantial failure by the CONTRACTOR to fulfill its obligations under this Agreement, or it may be terminated by OCSD for its convenience provided that such termination is effectuated in a manner and upon such conditions set forth more particularly in General Conditions, "Termination for Default" and/or"Termination for Convenience", provided that no termination may be effected unless proper notice is provided to CONTRACTOR at the time and in the manner provided in said General Conditions. If termination for default or convenience is effected by OCSD, an equitable adjustment in the price provided for in this Contract shall be CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 21 of 25 made at the time and in the manner provided in the General Conditions, "Termination for Default" and "Termination for Convenience". SECTION—19 WARRANTY The CONTRACTOR agrees to perform all Work under this Contract in accordance with the Contract Documents, including OCSD's designs, Drawings and Specifications. The CONTRACTOR guarantees for a period of at least one (1) year from the date of Final Acceptance of the Work, pursuant to the General Conditions, "Final Acceptance and Final Completion" that the completed Work is free from all defects due to faulty materials, equipment or workmanship and that it shall promptly make whatever adjustments or corrections which may be necessary to cure any defects, including repairs of any damage to other parts of the system resulting from such defects. OCSD shall promptly give notice to the CONTRACTOR of observed defects. In the event that the CONTRACTOR fails to make adjustments, repairs, corrections or other work made necessary by such defects, OCSD may do so and charge the CONTRACTOR the cost incurred. The CONTRACTOR's warranty shall continue as to any corrected deficiency until the later of(1)the remainder of the original one-year warranty period; or(2)one year after acceptance by OCSD of the corrected Work. The Performance Bond and the Payment Bond shall remain in full force and effect through the guarantee period. The CONTRACTOR's obligations under this clause are in addition to the CONTRACTOR's other express or implied assurances under this Contract, including but not limited to specific manufacturer or other extended warranties specified in the Plans and Specifications, or state law and in no way diminish any other rights that OCSD may have against the CONTRACTOR for faulty materials, equipment or Work. C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 22 of 25 RETURN TO AGENDA SECTION-20 ASSIGNMENT No assignment by the CONTRACTOR of this Contract or any part hereof, or of funds to be received hereunder, will be recognized by OCSD unless such assignment has had prior written approval and consent of OCSD and the Surety. SECTION-21 RESOLUTION OF DISPUTES OCSD and the CONTRACTOR shall comply with the provisions of California Public Contract Code Section 20104 at. seq., regarding resolution of construction claims for any Claims which arise between the CONTRACTOR and OCSD, as well as all applicable dispute and Claims provisions as set forth in the General Conditions and as otherwise required by law. SECTION—22 SAFETY & HEALTH CONTRACTOR shall comply with all applicable safety and health requirements mandated by federal, state, city and/or public agency codes, permits, ordinances, regulations, and laws, as well as these Contract Documents, including but not limited to the General Requirements, Section entitled "Safely" and Exhibit B OCSD Safety Standards. CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 23 of 25 SECTION-23 NOTICES Any notice required or permitted under this Contract may be given by ordinary mail at the address set forth below. Any party whose address changes shall notify the other party in writing. TO OCSD: Orange County Sanitation District 10844 Ellis Avenue Fountain Valley, California 92708-7018 Attn: Clerk of the Board Copy to: Orange County Sanitation District 10844 Ellis Avenue Fountain Valley, California 92708-7018 Attn: Construction Manager Bradley R. Hogin, Esquire Woodruff, Spradlin &Smart 555 Anton Boulevard Suite 1200 Costa Mesa, California 92626 TO CONTRACTOR: Tharsos, Inc. 7839 University Avenue#210 La Mesa, CA 91942 Copy to: Michael Lopez, President Tharsos, Inc. 7839 University Avenue#210 La Mesa, CA 91942 C-CA-121914 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 24 of 25 RETURN TO AGENDA IN WITNESS WHEREOF, the parties hereto have executed this Contract Agreement as the date first hereinabove written. CONTRACTOR: Tharsos, Inc. 7839 University Avenue#210 La Mesa, CA 91942 By Printed Name Its CONTRACTOR's State License No. 980621 (Expiration Date—01/3112017) OCSD: Orange County Sanitation District By Chair, Board of Directors By Kelly Lore Clerk of the Board By Marc Dubois Contracts, Purchasing and Materials Management Division Manager CONFORMED C-CA-121914 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGSAT PWPS Page 25 of 25 EXHIBIT A SCHEDULE OF PRICES C-EXA-080414 RETURN TO AGENDA TABLE OF CONTENTS EXHIBIT A SCHEDULE OF PRICES EXA-1 BASIS OF COMPENSATION ..............................................................................1 EXA-2 PROGRESS PAYMENTS....................................................................................1 EXA-3 RETENTION AND ESCROW ACCOUNTS .........................................................1 EXA-4 STOP PAYMENT NOTICE ..................................................................................3 EXA-5 PAYMENT TO SUBCONTRACTORS..................................................................3 EXA-6 PAYMENT OF TAXES.........................................................................................3 EXA-7 FINAL PAYMENT ................................................................................................4 EXA-8 DISCOVERY OF DEFICIENCIES BEFORE AND AFTER FINAL PAYMENT.....5 ATTACHMENT 1 CERTIFICATION FOR REQUEST FOR PAYMENT........................7 ATTACHMENT 2 SCHEDULE OF PRICES ...........................................................8 C-EXA-080414 EXHIBIT A SCHEDULE OF PRICES EXA-1 BASIS OF COMPENSATION CONTRACTOR will be paid the Contract Price according to the Schedule of Prices, and all other applicable terms and conditions of the Contract Documents. EXA-2 PROGRESS PAYMENTS Progress payments will be made in accordance with all applicable terms and conditions of the Contract Documents, including, but not limited to: 1. Contract Agreement—Section 11 —"Contract Price and Method of Payment;" 2. General Conditions—"Payment—General"; 3. General Conditions—"Payment—Applications for Payment"; 4. General Conditions—"Payment— Mobilization Payment Requirements;" 5. General Conditions—"Payment— Itemized Breakdown of Contract Lump Sum Prices"; 6. General Conditions—"Contract Price Adjustments and Payments"; 7. General Conditions—"Suspension of Payments"; 8. General Conditions—"OCSD's Right to Withhold Certain Amounts and Make Application Thereof"; and 9. General Conditions—"Final Payment." EXA-3 RETENTION AND ESCROW ACCOUNTS A. Retention: OCSD shall retain a percentage of each progress payment to assure satisfactory completion of the Work. The amount to be retained from each progress payment shall be determined as provided in General Conditions— "Retained Funds; Substitution of Securities". In all contracts between CONTRACTOR and its Subcontractors and/or Suppliers, the retention may not exceed the percentage specified in the Contract Documents. CONFORMED C-EXA-080414 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 1 of 8 RETURN TO AGENDA B. Substitution of Securities: CONTRACTOR may, at its sole expense, substitute securities as provided in General Conditions—"Retained Funds; Substitution of Securities." Payment of Escrow Agent: In lieu of substitution of securities as provided above, the CONTRACTOR may request and OCSD shall make payment of retention earned directly to the escrow agent at the expense of the CONTRACTOR. At the expense of the CONTRACTOR, the CONTRACTOR may direct the investment of the payments into securities consistent with Government Code §16430 and the CONTRACTOR shall receive the interest earned on the investments upon the same terms provided for in this article for securities deposited by the CONTRACTOR. Upon satisfactory completion of the Contract, the CONTRACTOR shall receive from the escrow agent all securities, interest and payments received by the escrow agent from OCSD, pursuant to the terms of this article. The CONTRACTOR shall pay to each Subcontractor, not later than twenty (20)calendar days after receipt of the payment, the respective amount of interest earned, net of costs attributed to retention withheld from each Subcontractor, on the amount of retention withheld to ensure the performance of the Subcontractor. The escrow agreement used by the escrow agent pursuant to this article shall be substantially similar to the form set forth in §22300 of the California Public Contract Code. C. Release of Retention: Upon Final Acceptance of the Work, the CONTRACTOR shall submit an invoice for release of retention in accordance with the terms of the Contract. D. Additional Deductibles: In addition to the retentions described above, OCSD may deduct from each progress payment any or all of the following: 1. Liquidated Damages that have occurred as of the date of the application for progress payment; 2. Deductions from previous progress payments already paid, due to OCSD's discovery of deficiencies in the Work or non-compliance with the Specifications or any other requirement of the Contract; 3. Sums expended by OCSD in performing any of the CONTRACTOR'S obligations under the Contract that the CONTRACTOR has failed to perform, and; 4. Other sums that OCSD is entitled to recover from the CONTRACTOR under the terms of the Contract, including without limitation insurance deductibles and assessments. C-EXA-080414 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 2 of 8 The failure of OCSD to deduct any of the above-identified sums from a progress payment shall not constitute a waiver of OCSD's right to such sums or to deduct them from a later progress payment. EXA-4 STOP PAYMENT NOTICE In addition to other amounts properly withheld under this article or under other provisions of the Contract, OCSD shall retain from progress payments otherwise due the CONTRACTOR an amount equal to one hundred twenty-five percent (125%)of the amount claimed under any stop payment notice under Civil Code§9350 at. seq. or other lien filed against the CONTRACTOR for labor, materials, supplies, equipment, and any other thing of value claimed to have been furnished to and/or incorporated into the Work; or for any other alleged contribution thereto. In addition to the foregoing and in accordance with Civil Code§9358 OCSD may also satisfy its duty to withhold funds for stop payment notices by refusing to release funds held in escrow pursuant to public receipt of a release of stop payment notice executed by a stop payment notice claimant, a slop payment notice release bond, an order of a court of competent jurisdiction, or other evidence satisfactory to OCSD that the CONTRACTOR has resolved such claim by settlement. EXA-5 PAYMENT TO SUBCONTRACTORS Requirements 1. The CONTRACTOR shall pay all Subcontractors for and on account of Work performed by such Subcontractors, not later than seven (7) days after receipt of each progress payment as required by the California Business and Professions Code §7108.5. Such payments to Subcontractors shall be based on the measurements and estimates made pursuant to article progress payments provided herein. 2. Except as specifically provided by law, the CONTRACTOR shall pay all Subcontractors any and all retention due and owing for and on account of Work performed by such Subcontractors not later than seven (7)days after CONTRACTOR'S receipt of said retention proceeds from OCSD as required by the California Public Contract Code§7107. EXA-5 PAYMENT OF TAXES Unless otherwise specifically provided in this Contract, the Contract Price includes full compensation to the CONTRACTOR for all taxes. The CONTRACTOR shall pay all federal, state, and local taxes, and duties applicable to and assessable against any Work, including but not limited to retail sales and use, transportation, export, import, business, and special taxes. The CONTRACTOR shall ascertain and pay the taxes when due. The CONTRACTOR will maintain auditable records, subject to OCSD reviews, confirming that tax payments are current at all times. CONFORMED C-EXA-080414 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 3 of 8 RETURN TO AGENDA EXA-7 FINAL PAYMENT After Final Acceptance of the Work, as more particularly set forth in the General Conditions, "Final Acceptance and Final Completion", and after Resolution of the Board authorizing final payment and satisfaction of the requirements as more particularly set forth in General Conditions—"Final Payment", a final payment will be made as follows: 1. Prior to Final Acceptance, the CONTRACTOR shall prepare and submit an application for Final Payment to OCSD, including: a. The proposed total amount due the CONTRACTOR, segregated by items on the payment schedule, amendments, Change Orders, and other bases for payment; b. Deductions for prior progress payments; c. Amounts retained; d. A conditional waiver and release on final payment for each Subcontractor(per Civil Code Section 8136); e. A conditional waiver and release on final payment on behalf of the CONTRACTOR (per Civil Code Section 8136); f. List of Claims the CONTRACTOR intends to file at that time or a statement that no Claims will be filed, g. List of pending unsettled claims, stating claimed amounts, and copies of any and all complaints and/or demands for arbitration received by the CONTRACTOR; and h. For each and every claim that resulted in litigation or arbitration which the CONTRACTOR has settled, a conformed copy of the Request for Dismissal with prejudice or other satisfactory evidence the arbitration is resolved. 2. The application for Final Payment shall include complete and legally effective releases or waivers of liens and stop payment notices satisfactory to OCSD, arising out of or fled in connection with the Work. Prior progress payments shall be subject to correction in OCSD's review of the application for Final Payment. Claims filed with the application for Final Payment must be otherwise timely under the Contract and applicable law. 3. Within a reasonable time, OCSD will review the CONTRACTOR'S application for Final Payment. Any recommended changes or corrections will then be forwarded to the CONTRACTOR. Within ten (10) calendar days after receipt of recommended changes from OCSD, the CONTRACTOR will make the changes, or list Claims that will be filed as a result of the changes, and shall submit the revised application for Final Payment. Upon C-EXA-080414 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 4 of 8 acceptance by OCSD, the revised application for Final Payment will become the approved application for Final Payment. 4. If no Claims have been fled with the initial or any revised application for Final Payment, and no Claims remain unsettled within thirty-five (35) calendar days after Final Acceptance of the Work by OCSD, and agreements are reached on all issues regarding the application for Final Payment, OCSD, in exchange for an executed release, satisfactory in form and substance to OCSD, will pay the entire sum found due on the approved application for Final Payment, including the amount, if any, allowed on settled Claims. 5. The release from the CONTRACTOR shall be from any and all Claims arising under the Contract, except for Claims that with the concurrence of OCSD are specifically reserved, and shall release and waive all unreserved Claims against OCSD and its officers, directors, employees and authorized representatives. The release shall be accompanied by a certification by the CONTRACTOR that: a. It has resolved all Subcontractors, Suppliers and other Claims that are related to the settled Claims included in the Final Payment; b. It has no reason to believe that any party has a valid claim against the CONTRACTOR or OCSD which has not been communicated in writing by the CONTRACTOR to OCSD as of the date of the certificate; c. All warranties are in full force and effect, and; d. The releases and the warranties shall survive Final Payment. 6. If any claims remain open, OCSD may make Final Payment subject to resolution of those claims. OCSD may withhold from the Final Payment an amount not to exceed one hundred fifty percent (150%)of the sum of the amounts of the open claims, and one hundred twenty-five percent (125%) of the amounts of open stop payment notices referred to in article entitled stop payment notices herein. 7. The CONTRACTOR shall provide an unconditional waiver and release on final payment from each Subcontractor and Supplier providing Work under the Contract(per Civil Code Section 8138) and an unconditional waiver and release on final payment on behalf of the CONTRACTOR (per Civil Code Section 8138)within thirty (30)days of receipt of Final Payment. EXA-8 DISCOVERY OF DEFICIENCIES BEFORE AND AFTER FINAL PAYMENT Notwithstanding OCSD's acceptance of the application for Final Payment and irrespective of whether it is before or after Final Payment has been made, OCSD shall not be precluded from subsequently showing that: 1. The true and correct amount payable for the Work is different from that previously accepted; CONFORMED C-EXA-080414 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 5 of 8 RETURN TO AGENDA 2. The previously-accepted Work did not in fact conform to the Contract requirements, or; 3. A previous payment or portion thereof for Work was improperly made. OCSD also shall not be stopped from demanding and recovering damages from the CONTRACTOR, as appropriate, under any of the foregoing circumstances as permitted under the Contract or applicable law. C-EXA-080414 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 6 of 8 ATTACHMENTI CERTIFICATION FOR REQUEST FOR PAYMENT I hereby certify under penalty of perjury as follows: That the claim for payment is in all respects true, correct; that the services mentioned herein were actually rendered and/or supplies delivered to OCSD in accordance with the Contract. I understand that it is a violation of both the federal and California False Claims Acts to knowingly present or cause to be presented to OCSD a false claim for payment or approval. A claim includes a demand or request for money. It is also a violation of the False Claims Acts to knowingly make use of a false record or statement to get a false claim paid. The term "knowingly" includes either actual knowledge of the information, deliberate ignorance of the truth or falsity of the information, or reckless disregard for the truth or falsity of the information. Proof of specific intent to defraud is not necessary under the False Claims Acts. I understand that the penalties under the Federal False Claims Act and State of California False Claims Act are non-exclusive, and are in addition to any other remedies which OCSD may have either under contract or law. I hereby further certify, to the best of my knowledge and belief, that: 1. The amounts requested are only for performance in accordance with the Specifications, terms, and conditions of the Contract; 2. Payments to Subcontractors and Suppliers have been made from previous payments received under the Contract, and timely payments will be made from the proceeds of the payment covered by this certification; 3. This request for progress payments does not include any amounts which the prime CONTRACTOR intends to withhold or retain from a Subcontractor or Supplier in accordance with the terms and conditions of the subcontract; and 4. This certification is not to be construed as Final Acceptance of a Subcontractor's performance. Name Title Date CONFORMED C-EXA-080414 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 7 of 8 RETURN TO AGENDA ATTACHMENT SCHEDULE OF PRICES See next pages from the Bid Submittal Forms (Tharsos, Inc.) BF-14 Schedule of prices, Pages 1-2 C-EXA-080414 CONFORMED CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 8 of 8 Bid Submitted By: (Name of Final BF-14 SCHEDULE OF PRICES INSTRUCTIONS A. General For Unit Prices, R is understood that the following quantities are approximate only and are solely for the purpose of estimating the comparison of Bids, and that the actual value of Work will be computed based upon the actual quantities in the completed Work,whether they be more or less than those shown. CONTRACTOR's compensation for the Work under the Contract Documents will be computed based upon the lump sum amount of the Contract at time of award, plus any additional or deleted costs approved by OCSD via approved Change Orders, pursuant to the Contract Documents. Bidder shall separately price and accurately reflect costs associated with each line item, leaving no blanks. Any and all modifications to the Bid must be initialed by an authorized representative of the Bidder in accordance with the Instructions to Bidders, Preparation of Bid. Bidders are reminded of Instruction to Bidders, Discrepancy in Bid Items,which, in summary, provides that the total price for each item shall be based on the Unit Price listed for each item multiplied by the quantity; and the correct Total Price for each Rem shall be totaled to determine the Total Amount of Bid. All applicable costs including overhead and profit shall be reflected in the respective unit costs and the TOTAL AMOUNT OF BID. The Bid price shall include all costs to complete the Work. including profit,overhead, etc., unless otherwise specified in the Contract Documents. All applicable sales taxes, state and/or federal, and any other special taxes, patent rights or royalties shall be included in the prices auoted in this Bid. B. Basis of Award AWARD OF THE CONTRACT WILL BE MADE ON THE BASIS OF THE LOWEST RESPONSIVE AND RESPONSIBLE BID. THE LOWEST BID IS DEFINED AS THE"TOTAL AMOUNT OF BID'LISTED IN THIS BID, UNLESS OTHERWISE SPECIFIED BELOW. Note 1: Base Bid. Includes all costs necessary to furnish all labor, materials,equipment and services for the construction of the Project per the Contract Documents. BF-14 SCHEDULE OF PRICES C-BF-021115 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 1 of 2 RETURN TO AGENDA Bid Submitted By: 74/4,Z5 -' SNC. (Name of Firm) EXHIBIT A SCHEDULE OF PRICES BASE BID ITEMS(Refer to Note 1 in the Instructions): Item Description Unit of Ap�x Unk Price Extended Price No. Measurement 1. Mobilization, initial progress payment for all fees, labor, materials and equipment required for mobilization, staging area,and surety bonds, and Lump Sum 1 = $2,000.00 other activities in conformance with the Contract Documents,for a fixed amount of: 2. Furnish all labor, materials and equipment necessary for the completion of o.., the Contract Work, except for the Work specified for Bid Item 1, in Lump Sum 1 = $ 'TJZ, $�✓ conformance with the Contract Documents,for a lump sum price of: L— TOTAL AMOUNT OF BID (BASIS OF AWARD) $ 6q, BF-14 SCHEDULE OF PRICES C-BF-021115 CONTRACT NO.J-109-A INSTALLATION OF NEW FITTINGS AT PWPS Page 2 of 2 BOARD OF DIRECTORS Meeting Date TOBE.Or .Dir. -- 08/26/15 AGENDA REPORT Item Item 3 Orange County Sanitation District FROM: James D Herberg, General Manager Originator: Ed Torres, Director of Operations and Maintenance SUBJECT: REPAIR OF LEFT BANK CAMSHAFT ON ENGINE #1 AT PLANT 1 GENERAL MANAGER'S RECOMMENDATION A. Approve a sole source purchase agreement with NRG Energy Services LLC, for the repair of Cen-Gen Engine #1 Left Bank Camshaft, for a total amount not to exceed $196,000; and B. Approve a contingency of$39,200 (20%) SUMMARY Plant No. 1's Central Generation facility consists of three large internal combustion engines that provide the majority of the heat and two thirds of the electricity required to operate the reclamation plant. During normal maintenance it was discovered that there is extreme wear on the camshaft located on the left bank of engine #1. Under normal operation two of the three engines are operated, however, all three engines are operated during summer peak power and during high flow events. California is expecting a severe El Nino event with heavy rains starting as early as mid-October. Staff is concerned about the reliability of engine # 1 in its current condition, therefore Staff is recommending that we award a sole source contract to NRG Energy Services LLC (NRG), to repair the worn camshaft before the mid-October timeframe. Staff is recommending a sole source to NRG based on the following criteria: 1. NRG is performing major overhaul work on an engine at Plant No. 2 and by utilizing this crew to perform the work at Plant No. 1, OCSD realizes a savings by avoiding the cost for mobilizing the crew and equipment. 2. NRG has committed to complete the work in four weeks ensuring the engines availability before the mid-October target date. 3. Historically, NRG has been the successful bidder on past engine contracts that were competitively bid. PRIOR COMMITTEE/BOARD ACTIONS N/A Page 1 d 2 ADDITIONAL INFORMATION Staff is requesting a 20% contingency based on the following: 1. Engine #1 is 3500 hours over due on its 40,000 engine overhaul and could have additional issues not found during the last scheduled maintenance. 2. Engine #4 at Plant No. 2 has a comparative history for the maintenance being overdue and the contractor encountered more wear on the cam shaft than was estimated resulting in additional work. 3. Any additional work will have to be expedited which will result in additional costs. 4. Because of the lead time on parts, replacement parts that were not included in the scope of work may have to be fabricated to meet the contactors schedule that may result in additional costs. CEQA This is not a project, therefore CEQA does not apply. BUDGET/PURCHASING ORDINANCE COMPLIANCE This request complies with authority levels of the Sanitation District's Purchasing Ordinance. This item has been budgeted. (Division 870, Object No. 54010, Line item 109). Project contingency funds are being requested for this agreement. Date of ADDroval Contract Amount Contingencv 08/26/2015 $196,000 PO No. (Pending) $39,200(20%) Page 2 d 2 BOARD OF DIRECTORS Meeting Date TOBE.Or Dir. -- 08/26/15 AGENDA REPORT ItemNumber IemNumber a Orange County Sanitation District FROM: James D. Herberg, General Manager Originator: Lorenzo Tyner, Director of Finance and Administrative Services SUBJECT: UNIFORM AND JANITORIAL ARTICLES RENTAL SERVICE, SPECIFICATION NO. S-2015-675BD GENERAL MANAGER'S RECOMMENDATION A. Award Purchase Order Contract to Prudential Overall Supply for Uniform and Janitorial Articles Rental Service, Specification No. S-2015-67513D, for one 3-year period (11/1/2015 — 10/31/18) for an amount not to exceed $180,273.60 with one 3-year renewal option; and B. Approve a contingency of$18,027 (10%). SUMMARY OCSD staff involved in the collection and treatment of wastewater are provided with uniforms to maintain a professional appearance, to satisfy OSHA safety requirements, and to protect the employees from exposure to contaminated and unpleasant materials. Uniforms are also required in accordance with the Sanitation District's Memorandums of Understanding (MOU). OCSD staff is recommending incorporating high visibility material in the uniforms. This change provides additional garment cleanliness as these uniforms will be cleaned on a regular basis, unlike the vests that were wom over the old uniforms, and an additional safety benefit as the elimination of the vests reduce the possibility of a loose vest being snagged or pulled by equipment. PRIOR COMMITTEE/BOARD ACTIONS N/A ADDITIONAL INFORMATION In accordance with Purchasing Ordinance No. OCSD-47, OCSD selected a 2-step bidding process which included a Request for Qualifications (RFQ) and a Notice Inviting Bids (NIB). Two bids were received from qualified firms, Prudential Overall Supply and Mission Linen Supply. Prudential Overall Supply was deemed responsive and responsible. However, Mission Linen Supply was deemed non-responsive for non-submittal of prices for two required Items (Mens Cotton Work Shirts- Long Sleeve and Garment Protection Plan). Page 1 of 2 The final contract award was given to the lowest responsive and responsible bidder, Prudential Overall Supply. The results of the bid process are shown in Table 1. TABLE 1 BID EVALUATION Prudential Overall Mission Linen Bid Results Supply Supply Ranking 1 2 Bid Price for one $180,273.60 *$104,679.12 3-year period 'Vendor Non Responsive CEQA N/A BUDGET/PURCHASING ORDINANCE COMPLIANCE This request complies with authority levels of the Sanitation District's Purchasing Ordinance. This item has been budgeted. ATTACHMENT N/A Page 2 of 2 BOARD OF DIRECTORS Meeting Date TOBE.Or Dir. -- 08/26/15 AGENDA REPORT ItemNumber IemNumber s Orange County Sanitation District FROM: James D. Herberg, General Manager Originator: Robert P. Ghirelli, Assistant General Manager SUBJECT: HAZARDOUS WASTE DISPOSAL PROGRAM GENERAL MANAGER'S RECOMMENDATION Ratify change order #2 to P.O. 104652-OB, Specification S-2011498, issued to Clean Harbors Environmental Service for hazardous waste services for an additional $10,000 for the contract amount not to exceed $205,000, for the remainder of the 2014/15 Fiscal year contract ending June 30, 2015. SUMMARY The 2014/2015 Clean Harbor's purchase order is currently $195,000. Unforeseen disposal costs primarily associated with cleaning up an engineering study have exhausted the purchase order. Therefore, the Risk Management Division is requesting an additional $10,000 be added to the purchase order to cover the remainder of the previous fiscal year and outstanding invoices. PRIOR COMMITTEE/BOARD ACTIONS At the Administrative Committee meeting on May 13, 2015, a request to add funds was ratified for change order#1 to P.O. 104652-OB, Specification S-2011-498, issued to Clean Harbors Environmental Service for hazardous waste services for an additional $70,000 for annual contract amount not to exceed $195,000, for the remainder of the contract ending June 30, 2017. ADDITIONAL INFORMATION This purchase order increase is to close out the previous fiscal year budget. Experiences this year that caused the authorized contract amount to be exceeded include: • Polymer Tank Cleaning • Polymer Spill Cleanup • Polymer Tank Cleaning • Asbestos Insulation Removal & Disposal • Polymer Tank Cleaning • Oil Pump Out & Disposal • Radioactive Equipment Disposal. Page 1 of 2 CEQA N/A BUDGET/PURCHASING ORDINANCE COMPLIANCE This request complies with authority levels of the Sanitation District's Purchasing Ordinance. This item has been budgeted. ATTACHMENT The following attachment(s) maybe viewed on-line at the OCSD website (www.ocsd.corn with the complete agenda package: N/A Page 2 of 2 BOARD OF DIRECTORS Meeting Date TOBd.01Dir. -- 08/26/15 AGENDA REPORT Item Item fi Orange County Sanitation District FROM: James D. Herberg, General Manager Originator: Lorenzo Tyner, Director of Finance and Administrative Services SUBJECT: TREASURER'S REPORT FOR THE FOURTH QUARTER ENDED JUNE 30, 2015 GENERAL MANAGER'S RECOMMENDATION Receive and file Orange County Sanitation District Fourth Quarter Treasurer's Report for the period ended June 30, 2015. SUMMARY The attached treasurer's report is being submitted in accordance with the District's investment policy that requires the report be submitted to the governing body following the end of each quarter and includes the following information: • Performance results in comparison with the 3- month treasury bill index for the liquid operating portfolio (and the Merrill Lynch Corp./Govt. 1-5 Year Bond index for the long term portfolio as identified in the investment policy and the Time- weighted total rate of return for the portfolio for the prior three months, twelve months, year to date, and since inception compared to the Benchmark returns for the same periods: Portfolio Performance Summary Quarter Ended June 30,2015 Liquid Operating Monies(%) Long-Term Operating Monies(%) Total Rate Total Rate of of Return BenchmadF' Return Benchmark(' 3 Months 0.05 0.01 4L16 0.00 6 Months 0.12 0.01 0.66 0.95 9 Months 0.13 0.01 1.21 1.64 12 Months 0.18 0.02 1.16 1.38 Since inception 30 Sept.95 2.87 2.64 4.74 4.44 • A listing of individual securities held at the end of each reporting period (See the detailed listings of each security contained within the report). • Cost and market values of the portfolios: Liquid Ober. Long-Term Cost $61.9 M $403.5 M MV $61.9 M $406.0 M Page 1 of 3 • Modified duration of the portfolio compared to Benchmark: Liquid Ooer. Long-Term B.M. 0.16 2.75 Port. 0.25 2.97 • Dollar change in value of the portfolio for a one-percent (1 %) change in interest rates: Liquid Oper.- $188,529 Long-Term- $9,655,446 • None of the portfolios are currently invested in reverse repurchase agreements: • The percent of the Liquid Operating Monies portfolio maturing within 90 days: 53.6% • Average portfolio credit quality: AA+/Aa 1 • Percent of portfolio with credit ratings below "A" by any rating agency, and a description of such securities: Liquid Portfolio- no exceptions Long Term Portfolio- Percent of portfolio— 0.8% One security-AMRESCO Residential Securities 1999-1 maturing in 6/25/2029. Rated AA+ by S&P, but only BBB by Fitch Ratings. • All investments are in compliance with this policy and the California Government Code, except for the following Lehman Brother holdings that the District is pursuing collection through the bankruptcy court: Lehman Brothers Note-Defaulted $600,000 par value purchased 9/18/2008 Lehman Brothers Note-Defaulted $2,000,000 par value purchased 9/18/2008 • Sufficient funds are available for OCSD to meet its operating expenditure requirements for the next six months. PRIOR COMMITTEE/BOARD ACTIONS N/A Page 2 of 3 ADDITIONAL INFORMATION N/A ATTACHMENT The following attachmentia) maybe viewed on-line at the OCSD website (www.ocsd.com) with the complete agenda package: • Fourth Quarter Treasurer's Report for the Three Months Ended June 30, 2015 Page 3 of 3 RETURN TO AGENDA 43 • bm July 31, 2015 STAFF REPORT Quarterly Treasurer's Report For the Three Months Ended June 30, 2015 SUMMARY 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 Chandler Asset Management, the District's external money manager. The ongoing monitoring of the District's investment program by staff and Callan 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 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. ADDITIONAL INFORMATION Performance Reports The Quarterly Strategy Review, prepared by Chandler Asset Management, and the Investment Measurement Service Quarterly Review, prepared by Callan Associates, is attached for reference. 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, 2015. The Liquid Operating Monies portfolio, with an average maturity of 91 days, consists entirely of high quality fixed income investments consistent with the District's investment policy. Portfolio Performance Summary The following table presents a performance summary of the District's portfolios as compared to their benchmarks for the period April 1 through June 30, 2015. OCSD ♦ P.O.Box 812] ♦ Fountain Valley,CA 92728.8127 ♦ (714)982-2411 Quarterly Treasurer's Report For the Three Months Ended June 30, 2015 Page 2 of 3 Portfolio P.rinnance Summary Quarter Ended June 30,2015 Liquid Oioerating Monies( ) Long-Term Operating Monies(b) Total Rate otal Rate of Rehm eenchmarknl Return Benchmark(" Months 0.05 0.01 -0.18 0,00 Months 0.1 r 0. 1 .66 .95 onths 0.13 0.01 1. 1 1.44 12 Months .i 1.1-IiW 1. oe mcepbon 30 PL 2.87 2,64 4.74 4.44 Market Value ssism S404.9M Average Quality +7 1 'AA+/•Aa1- Current Yield(%) 1.turi Estmated Two to Maty( ) 0. 1. uartedy Deposrs(Withdrawals) $12.4M T20.0M smnated Annual Income su.im .9M (1) Benchmarks: • Liquid Operating Portfolio: 3-Month Treasury Bill Index • Long-Tenn 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 attached bar chart. Liquid Long-Tom Quarter Operating operating Ending Monies(5M) Monies(fM) 30 Sep,14 58.9 461.6 31 Dec.14 55.9 433.5 31 Mar.15 49.5 386.8 30Jun. 15 618 404.9 District's Investment Account Balances as of June 30, 2015 Book Balances Estimated Investment Accounts June 30,2015 Yeld.(%) State of Calif. LAIF S 49.911.655 0.30 Union Bank Checking Account 112,171 0.01 Union Bank Overnight Sweep Account 695,000 0.00 Union Bank WC Checking 71,470 OAO Chandler-Short-term Portfolio 61,796.970 0.22 Chandler-Long-term Portfolio 405,194,109 0.92 Petry Cash 3,000 WA BNY Mellon OCIP Reserve 3.59%660 025 TOTAL $521 384.035 1.11 Debt Service Reserves w/rrustees $32�°±+14 1.66 Quarterly Treasurer's Report RETURN TO AGENDA For the Three Months Ended June 30, 2015 Page 3 of 3 District's Cost of Funds on Debt Issues as of June 30, 2015 Annual Costofrunas Outstanding Interest ue Iss Description COP Balance . .Rate(%) 2007A Fixed $92,140,000 4.50 200713 Fixed 13,885,000 4.71 2008B Fixed 17,315,000 2.96 2009A Fixed 180,235,000 4.72 2010A Fixed 80,000,000 3.68 2010C Fixed 157,000,000 4.11 2011A Fixed 121,290,000 2.61 2012A Fixed 100,645,000 3.54 2012B Fixed 66,395,000 1.50 2014A Fixed 85,090,000 2.34 2014B Fixed 120,850,000 0.35 2015A Fixed 127MOA00 3.30 TOTAL $1_I Weighted Avg.Cost of Funds 3.23 ATTACHMENTS 1. Chandler Quarterly Report 2. Summary of Performance Data and Portfolio Statistics—Liquid Operating Monies 3. Summary of Performance Data and Portfolio Statistics—L-T Operating Monies 4. Investment Transactions and Balances in LAW 5. Asset Summary by Asset Type — Liquid Operating Portfolio 6. Asset Summary by Asset Type—Long Term Portfolio 7. Asset Summary by Asset Type— Owner Controlled Insurance Program Escrow Account 8. Investment Listing (Yield Analysis Report). 9. Asset Detail—Consolidated 10. Custody Transaction History— Consolidated 11. Callan Quarterly Review 12. Chandler Quarterly Review 13. Rating Agency Comparisons �, CHANDLER ASSET MANAGEMENT June 30, 2015 Mr. Mike White, CPA Controller Orange County Sanitation District 10844 Ellis Avenue Fountain Valley CA 92708-7018 Dear Mike, Bond Market Recap The June employment report was softer than expected. Nonfarm payrolls rose by 223,000, slightly lower than the consensus forecast of 230,000. April and May payrolls were also revised downward by a total of 60,000. The unemployment rate declined to 5.3% in June from 5.5% in May, but the participation rate also dropped to 62.6% from 62.9%. Wages were flat on a month- over-month basis in June, and declined to 2.0% from 2.3% on a year-over-year basis. The economy continues to add jobs but there is still excess slack in the labor market. Meanwhile, inflation pressures remain subdued. The Personal Consumption Expenditures price index (PCE) was up just 0.2% in May on a year-over-year basis, well below the Fed's 2.0% target. Notably, the housing sector and consumer spending trends appear to be strengthening, but manufacturing data remains weak. Overall, domestic economic data is mixed, leaving the outlook for monetary policy unclear. As expected, the Federal Open Market Committee (FOMC) left policy rates unchanged at its June 16-17 meeting without any dissenting votes. The FOMC continued to emphasize that monetary policy changes will be data-dependent. The Committee expects to see further improvement in the labor market and needs to be confident that inflation will move back toward its 2% target before they raise rates. The Fed also discussed increased risk tied to Greece and China. At this point, we still believe the first fed funds rate hike will be near the end of this year. However, we believe ongoing slack in the labor market, depressed oil prices and weakness in other commodities, and increased instability in Greece and/or China, could potentially push out the Fed's timeline. Ongoing uncertainty about the timing of the first fed funds rate hike will likely continue to fuel financial market volatility. The yield on the two-year Treasury note declined slightly in June. Global bond yields have been somewhat volatile due to diverging global central banks' monetary policies, along with increased instability tied to financial conditions in Greece and China. t ACHANDLER RETURN TO AGENDA ASSET MANAGEMENT Consumer Prices In May, overall Consumer Price Index (CPI) inflation was flat on a year-over-year basis after being -0.2% in April. Headline inflation remains low due to a precipitous decline in energy prices. The year-over-year Core CPI (CPI less food and energy) declined slightly to 1.7% in May from 1.8% in April. Retail Sales Following a string of disappointing monthly retail sales reports, the May retail sales report was strong, signaling a long-awaited pick-up in consumer spending. In May, retail sales rose 2.7% on a year-over-year basis, following a 1.5% gain in April. On a month-over-month basis, retail sales rose 1.2% in May after inching up just 0.2% in April. Labor Market The June employment report was modestly below expectations as nonfarm payrolls rose by 223,000, below the consensus estimate of 233,000. The prior two months saw net downward revisions totaling 60,000 jobs. Private payrolls rose by 223,000 and manufacturing payrolls rose by 4,000, both slightly below consensus forecasts. The unemployment rate ticked down 0.2% to 5.3%; however, the decline in the participation rate to 62.6%, the lowest since the 1970's, is indicative of the impact of changing demographics and continued slack in the economy. Wages were flat on the month, following a revised 0.2% increase in May. On a 3-month basis ending in June, payrolls rose by an average of 221,000 per month compared to the trailing 6-month average of 208,000. Housing Starts Housing starts fell 11.1% in May following a 22.1% gain in April. However, the annual rate of housing starts remained strong in May at 1.036 million. Single-family starts fell 5.4% in May while multi-family starts fell 20.2%. Notably, permits were much stronger than expected in May, up 11.8%. Overall, activity in the housing sector has recently picked up. TREASURY YIELDS 613012015 313112015 CHANGE 3 Month 0.01 0.02 0.01 2 Year 0.65 0.56 0.09 3 Year 1.01 0.88 0.13 5 Year 1.65 1.37 0.28 7 Year 2.08 1.71 0.37 10 Year 2.35 1.92 0.43 30 Year 3.12 2.54 0.58 2 CHANDLER ECONOMIC INDICATOI* CURRENT RELEASE PRIOR RELEASE ONE YEAR AGO T-ade Balance ;4:8) $Bln MAY 15 (40.7)$Bin APR 15 (42.1)$Bin MAY 14 G^7 (02)%MAR 15 22%DEC 14 (2.1)%MAR 14 U-e-rp o, ment Rate 5.3%JUN 15 55%MAY 15 6.1%JUN 14 =rime Rase 325%JUN 15 325%MAY 15 3.25%JUN 14 'dB Index 227.17 JUN 15 223.18 MAY 15 30822 JUN 14 Oil (West Texas Int.) $59.47 JUN 15 $6030 MAY 15 $10537 JUN 14 Consumer Price Index(y/o/y) 0.0%MAY 15 (02)%APR 15 21%MAY 14 Producer Price Index(y/o/y) (3.0)%MAY 15 (4.4)%APR 15 25%MAY 14 Dollar/EURO L11 JUN 15 L10 MAY 15 137 JUN 14 Performance Attribution Long-Term Portfolio The Lo-g-Te-m ccrtfclio urderperformed the benchmark during the quarter, generating a return of(0.165b) versus a 0.00% `or the Bank of America Merrill Lynch 1-5 Year AAA-A US Corporate and Goverrmert Index. Corporate spreads moved higher during the quarter, detracting from the total re:crn generated by tie sector. The overall percentage allocation to the Corporate secto- is close to the benchmark but the mix of securities, particularly the percentage in excess or f ve years experiercec more spread widening, detracting from results. The overall structure cf the pa-,folio and hicn deviation versus the benchmark, also negatively impacted results as the Treasiry yield curve s:eeoered (ie. yields moved higher). Due to upcoming liquidity needs in JL'y and September :9e portfolio has higher exposure of shorter maturity assets, which need to be o`fse: by cv,,- ng a larger oercentage of assets in excess of three years, to keep the po:-fclio ciraticn cons'.stert v;:th the 1-5 year benchmark. Due to the steepening of the Treasury yied curve aJth zvo year Treasury yields moving higher by 9 basis points, three year Treasury yields moving nighe- by 13 basis points, and five year Treasury yields moving higher by 28 basis pcints fire hider percentage of longer maturity assets detracted from the results versus the benchmark. Tie ocrt`olio experienced an inflow of$20 million during the quarter, the nev, mores v.ere posit cried parly to plan for the aforementioned upcoming liquidity needs in tie t lyd quarter add to further diversify the portfolio closer to Chandler targets. 3 CHANDLER RETURN TO AGENDA EV Liquid Portfolio The LlcLid porfo - c.roerfor—ed the benchmark during the quarter, generating a return of 3.C5'G Ve-SL.S a returr of � -,'. `o- the three-month Treasury Bill Index. The portfolio was able to add sore hlgr --aliry Corporate notes with attractive valuations maturing in early 2016, pes.tive'y —pact:ng perforra-.ce. The overall investment theme of out yielding the benchmark woe srateglca_y pcs tionng securities to correspond with upcoming liquidity needs is leading to tFe positive absolute and relatve performance. The portfolio experienced a large positive contribution of $62 --illior early in the quarter, offset by two withdrawals later in the quarter totaling close to $5C -.illior. for a net add of$12 million during the reporting period. Economic Outlook The weak first quarter GDP report and continued angst and volatility in global financial markets leading Chart er tc mcdest!. reduce our GDP outlook for all of 2015. Previously we est--atec GDP cro:ath for 20' would be in a range of 2.5-3.0%; we are now thinking along the Imes of 2.0-2.` corn oared to erowth of 2.4%for all of 2014. The dollar index gave up some of Iis YTD gars Ir tre secord ejarter, but we expect the turmoil in Europe and Asia to improve ser�timeni it :Fe do a- oter the oalanoe of the year, which has the potential to negatively impact US basec corocravors ooerating results. Similar to last quarter we continue to expect global central banks to be a so.irce c= market volatility as unconventional policies are adopted abroad and the US Fede-al Fesewe ccnt.nues to foreshadow a pending policy tightening. Chandlers coective view on tie timing of the first rate hike remains in the 2nd half of 2015. The team. has sp!'t views on vrFether or not the first rate hike will take place in September, October. o- Dece^.ber. In order for the Fed's dual mandate of full employment and stable prices to be met in dine for a September move, economic data needs to continue to improve. Given the orice pe�ormance e` commodities, in particular oil, inflation data will continue to be so3 in tie 3rd quarter but shcL'd firm in the 4th quarter, as the base effects of the drop in the price c' oil work cot cr year-over-year inflation calculations. The more constructive outlook on iflation .are- in the year sho.!d give the FOMC the confidence to tighten traditional monetary cclicy even wlthcct a sibstarval pick-up in economic activity. Data dependent remains the theme. 4 CHANDLER CA ASSEr MANAGEMENT Stratenv Strategy highlights for the Long-Term Portfolio in the coming months: • Reduce exposure to longer maturity Taxable Municipal and Corporate securities inconsistent with the 1-5 year strategy. • Increase the overall exposure and diversification within the Corporate sector in concert with the upcoming liquidity needs in July and September. • Continue to improve the Agency tens structure exposure and have a lower exposure to discount notes in the Long-Term Portfolio. • Opportunistically add to the ABS allocation; portfolio is already at the bottom end of Chandler's 7-10%target weight. Strategy highlights for the Liquidity Portfolio in coming months: • Continue to ladder the Agency Discount Note exposure to correspond with a portion of the upcoming liquidity needs. • Maintain a dedicated allocation to the US Treasury sector of at least 20% of the portfolio on an ongoing basis. • Opportunistically add to high quality short Corporate maturity notes with 2016 maturity dates. 5 CHANDLER RETURN TO AGENDA ASSET MANAGEMENT Compliance Issues CAOrange County Sanitation District Long Term June30,2015 COMPLIANCE Assets managed by Chand/er Asset Managementam In full compliance wth Slate lawand wth the mvesbnentpolicy Category Standard i Comment Treasuryissues 5 years maimum matunty !Does not comply- Supronatiorul 'AA'orbeaer by of3 NRSROs; 3D%maximum; 5%max; 5 Complies years maturity; Includes o . LADE,ORD and IFC perCGG US.Agencies 20%max issuer, 5 years maximum maturity Comples U.S.Corporate(MTM) 'A'orbetterlorgtemnmtingbylof3NRSROs; 30%naximtm; Does not comply' 5%max issuer, 5 yearsrlax matunty Municipal Securities 'A'or NgMrbylof3NRSR0.5;1D%madmum; 5%rnaxissuer, Dcesnotcompy 5 years maximum maturity Asset Backed/CMOs/ 'AA-orbe0er1by1of3NRSR0s; 'A'orhigherisauerratirgbyl Does nut comply" Morgagebacked of3 WSROs; 20%maximum; 5%max issuer(excluding MB cvt agencyX 5 years max malunty Negotiable CDs 'A'or be0eron its long tens debt by l of 3 NRSR0s; •A1/P1'or Complies highestshod term ratings by 1 of3 NRSROs; 30%maximum;5% max issuer, 5 years rmx meanly CDS/TDS 5%max issuer, 5years max maturity Cornpfiea Bankers Acceptances A-1,or equivalent highest short term rating by l of 3 NRSROS; Complies 40%maximum, 5%max issuer 100 days max matunty Commercial Paper A-1,or egwvalerd by l of3 NRSRGS; 'A'or beller by 1 of3 Comples NRSROs,ifbng term debt issued; 25%maximum; 5%max issuer, 270 days mum maturity Money Market Fund F1ghestratirgby2of3NRSR0s; 2D%ma)dmum;1D%rraxissuar Complies Repurchase Agreements 102%colateallmtion Complies Reverse Repurchase 5%madmum90deysmaxmatudty Complies Agreements LAF Not used byinwesbnem adviser Compfes Avg Duration Not to exceed DO months - (80%to 120%oftie benchmark) Compies Maximum Matdty 5 years maximum maturity Does not compy `the pwl tas Vw1, s,en(37)seourilic taint m ksg",ern 5Yeas inckdighuo(2)AM,esee(3)CMGs,tavaN-he(22)MBS,Ge (5)min'cyals.gxee(3)corpaatesad Nro(2)tm odes. AY of tM1ese sa.�ailies wwe iiweedfam Ba p�eun nasyer. "1Nae are My(2)ABS,three(3)CMO sd all tnenN l22)MBS posxt,revdh r,Mturhks merS Years. A&RorWy,SWE(CUSIP &1m3MG51)is rated A+/A IeapeatiaN 5Y SAP er,tl Farb aM1iemas Ne potty renuuee AA aEetk+by al bast me NRSRO. Rase securNn vcre i,dxm'led tan his manager. 6 UKCHANDLER ASSET MANAGEMENT CA`'.. Orange County Sanitation District Liquid June 30,2015 COMPLIANCE Assets managedby ChanoyerAsset Management are in MI compliance wit,State lawand wth the invesirnentpolicy s L-r,��� Gatggory Standard P, Cammant is a Treasury issues l year rreumum matuny Minimum allocation of 10% Complies Supranational -AA'or better by l of 3 NRSROs; 30%madmum 5%mad 1 Complies yearnnaturity, hciudesonly: IADB,BRD,and IFC per CGC U.S-Agencies 20%rnex issuer, l year maximum maturity Complies U.S-Corporate(MTNs) 'A'or bather log tens rating by 1 of 3 NRSROs;30%mannxan; Complies 5%nee:issuer, 1 yearmax rnatunly Asset BackedlCMOs 'AA'orbetlerbylof3NRSR0s; 'A'orhigherissaerretingbyi Complies of 3 NRSROs; 20%matdrrom; 5%max issuer, lyear mom rnatarity Negotiable CDs 'A'or better on its long term debt by 1 of 3 NRSROs; 'AUPi'or Complies highest shod term ndirgs by 1 of 3 NRSROs; 30%mamnu 5% max issuer,1 yew max rnaturity CDsITDS 5%maxissmr,, i yearmaxrnaturiry Complies Bankers Acceptances A-1,or equivalent highest short term rating by l of 3 NRSROS; Complies 40%meudmu 5%mx issuer 180 days max rnatunly Commercial Paper A-1,or equivalent by l of3 NRSROS; 'A'orbeaer by l of3 Complies NRSROs,iflong tens debt issued; 25%maldnxrn; 5%max issuer, 270 days from maturity Money Market Fund ifighest rating by 2 of 3 NRSROs; 20%mardnwK 10%max issuer Complies Repurohaee Agreements 102%cofateratization Complies Re rse Repurchase 5%maximum,90 days rrem m tudty Complies Agremnients LAIF Not used by irnesinnem whiser Complies Prohibited Municipal Securities Complies Prohibited Mortgage Securities Complies Avg Duration Nolwameeetl180days; Mardufionofl2year Complies Maximum Masmty l year maudmum maturity Complies 7 ACHANDLER RETURN TO AGENDA ASSET MANAGEMENT ®®' OCSD Lehman Exposure June 30,2015 COMPLIANCE WITH INVESTMENT POLICY Assets managed by Chand/erAsset Management are in full compliance xiM State lawand uMth the investment policy Category Standard Comment Treasury issues 5 years naxAmum maturity Complies Supranatioml 'AA'or better by l of3 NRSROs; 30%matllmum; 5%rm155 Complies years maturity; Includes onbr, IADB BRD and FC per CGC U.S.A erxies 2D%max issuer, 5 years mom maWri Com es U.S.Corporate(MTNs) 'A'orbetblr long tens rating by 103 NRSROs; 30%nn3m um; Does nutcompy 5%max issuer, 5 yeaus rmx nxftdty Muiapal Securities 'A'or ligher by l of3 NRSROB;10%mvunmm; 5%max issuer, Complies 5 years maamum maturity Asset Backed/CMOs/ 'AA'or better by l of3 NRSRCs; 'A'or Ngher issuer rafig by l Complies Mortgage-backed of3 NRSROs; 2D%nvinum; 5%max issuer(excluding MB ovta 5 yeam nw matunty Negotiable CDs 'A'or better on Its long tern debt by l of3 NRSROs; 'At/P7'or Complies highs&short be"ratings by 1 of 3 NRSROs; 30%m )dmum;5% max issuer, 5 years max matunty CDs/TDS 5%max issuer, 5]Tars max matuirty ComiAes Bankers Acceptances A-1,or equivalent highest short term rating by l of3 NRSROS; Complies 40%mmumu 5%max issuer 180 days max rinaitunly Commercial Paper A-1,or equivalent by l of3 NRSROS, 'A'orbeter by l of3 Complies NRSROs,iflong tens debt issued; 25%mvumxn; 5%max issuer, 270 days max maturity Money Markel Fund Highest rating by of3 NRSROs; 20%mvdmum;10%met issuer Complies RepurchassAgnsements 102%coraleralimtion Complies Reverse Repurchase 5%maumnm,90 days max maturity Complies A ee rends LAF Not used irsmsbnent adviser Compiles A Duration Naito exceed 80 months - 80%to 120%ofthe benchmark Complies Mammon Maturity 5 years nimmum maaxity Doesnotcompy Raneetolesk nulrm fsewPa(paq 525EBCfiY6)aMY606,660 race�(cusyMESCrs7)efdebxYd I Bm ftkilgs eatx pu i W ere nauus 8 CHANDLER ASSET MANAGEMENT Defaulted Bonds -1j, o ID�ei ,E,o ,, Holdings Report J ! P0.U0Nf-1OiG AtINtl3N5 =mni� - _own P3n>I wF2. 9TROv t...iM A11 NASA 1"39 NNW m Icx Fas.a O0Y NNAm 0.S% UN 0" R) NR ODJ 0_il3fiab6 t0A11150 H,U136 159% ..IN R 0.00 E cl0 IM f0(A1t 59 OI a uJ0 R0.62:121 NR 0 IJS WAOH`E RSESCIBI Wman4atlasl{Cfglubl fW.ODW be1191AR 561±56?i 56.YAW M]f% RINR O5l Om11W1O16 OtO% 919.]5666 OfC'b ¢Ot D411Wt6J XNR QW 59i4G0/6 IrYYG�nIYlOY�1 ]yD.OLDI M6 1D9.)l ; 191.Mm U. XRINR M. dF WlMlM1 QM% l=.n,7 = 0126,nin NR OW 1190.1190 7 1501 0 1101% NPIXR !6b IRNIUSCpppiY j661.N6.00 HA 1.690.1402 0.01% 0I (1.66.393031 NR 000 1,191966A ]iL06611 10000% NRIXR R01 IOMPoRIiglo ANNUN&1 WA 1.M955M 4NY m 0.516.mR NP 0.00 roM91Npe1 W11ERue AccY9Eo ncn9z6 9 C1„ ICHANDLER RETURN TO AGENDA ASSET MANAGEMENT Ratinas Orange County Sanitation District Long Tenn June 30,2015 Ya. March 31,2015 WIN nlll mex mox mox ioox oox 0(J { LL F 'F 4R r/ynp Y]1n5 AM M A A MR &3d15 19.1% ell% 104% 0.6% 36% Y31115 107% 76<% 9.1% 0.9% 30% U:rtn:4M1V PtlFpv Orange County Sanitation District Liquid June 3D,2015 vs March 31,2015 uoox soon wax roox lsss— xox saox wAx mox mox CAY M.p M 8 <p NR Nv015 a VW1 MA AA A <A MR doers 27.6% 581% 13.3% 00% 0.0% anuss 17.0% 90.6% 12.2% 00% 00% 5aurm.54V Palingr 10 -�J� CHANDLER (( OCSD Investment Program Quarter End Portfolio Value $600,0«000 Liquid Operaft Mons $500.ZC3 000 a Long-Term Operating Monies $400ae_0oo $300 000 $200.CJC 000 $100.0JC 000 fr ffl $ ✓ 4" HISTORICAL YIELD CURVE a.66% �=JA15UN 15 3. 0% 16 JUN 3.12% c 2.08X 2.35% 200% -__..._...__._.______- —- _— — ___.......__.....______..._.._.._ 1.65% 0.85% 0.11% 0.01% 0.00% ob � �h 3h 'fy fi soh, `$js 11 �/" Orange County Sanitation District Liquid Portfolio Summary RETURN TO AGENDA Account#10282 As of 6/30/2015 Average Duration 0.25 Issuer %Portfolio Government of United Stales 38.8% Average Coupon 0.60% jjr101,3B6,649 61,802,014 Federal Home Loan Bank 18.6% Average Purchase YTM 0.20% 00.080 101,493 Federal Home Loan Mortgage Corp 8.1 % Avers a Merkel YTM 0.22% 86.729 61.903. 099 Federal National Mortgage Assoc 8.5% Average S&P/Moody Rating AA-1i 13.185 11,679 Drefus Treasury MMKT FD 521 5.0% Average Final Maturity 0.25 yre -39.800.000 Federal Farm Credit Bank 3.3% 10,419 81,70g030Average Life 0.21 yrs 10 419 61 704 411 Ocdtlental Petroleum Corporetio 1.8% Home Depot 1.7% 50,014 61,867.702 111wU6% 11-1 MATURITY DISTRIBUTION CREDIT us 00% _ AA Corporate WA% (59.1 %) (149%) US Money Treasury Market i;1 (39.6%) 40% 3e o c. FuM FI (so%I Commercial 20% Paper' (40%) 61% Agency % 0•Aa ]e•A 4-1 1-1.5 1A•3 34A 211-3 A 0 (364%)- AAA x V A 11•ae1671Yrq (27.8%) .(13.3%) PERFORMANCE Orange County Sanitation District Liquid 0,02% 0.05% 0,12% N/A N/A N/A N/A N/A 0.12 % BAML 3-Month US Treasury Bill Index 0.00% 0,01 % 0,01 % N/A NIA NIA NIA N/A 0.01 % Chandler Assal Management-CONFIDENTIAL Page 1 Execution Time.7B2015 10-.119t07 AM `® Orange County Sanitation District Long Term Portfolio Summary Account#10268 As of 6/30/2016 Issuer % Portfolio Average Duration 2.43 Government of United States 40.0% Average Coupon 1.34% 405,462,769 404,936,895 Federal Home Loan Bank 9.6% Average Purchase YTM 1.20% 1,384,767 1,083,203 Federal Home Loan Mortgage Corp 9.2% Average Market YTM 1.02% 406,847,536 406,020,099 Federal National Mortgage Assoc 5.5% Average S&P/Moody Rating AA+/Aai 389.296 398,446 JP Morgan ABS 2.2% Average Final Maturity 2.97 yrs 29,463 Bank of America Corp 2.0% Average Life 2.59 Yra 399,944,551 400,691,098 Toyota ABS 1.9% 401,701,273 402,468,578 Bank of Tokyo-Mit UFJ 1.8% 402.717,108 403,528,257 72.3 X us Corporate'.. 90% 27.7% _.-AA (86.1 %) Supraninkmal 25% y' (3.2%)l CSTreasury 21.8% Municipal 1 (40.0%) )- Money t a Market 15% 14.2% � °' 12s% kiss BBB 1D% sax /(B.e%) 6.3% Commercial,,' 4.6% Paper ABS 696 �% NR D-25 .25-.5 .6.1 1-2 2-3 3-4 4.6 9+ AAA A Agency Maturity(Yrs) (19.196) -- (104%) (23.0%) PERFORMANCE Orange County Sanitation District Long Term -0.21 % -0.16% 0.66% NIA NIA N/A N/A NIA 0.43% BAML 1 r Yr US Corporate/Gov:Rated AAA-A Index -0.14% 0.00% 0.95% N/A N/A N/A N/A N/A 0.63% BAML US 1.5 Yr US Corp/Govt Rated AAA-BBB Index -0.16% 0.01 % 1.01 % N/A N/A N/A N/A N/A 0.63% Chandler Meet Maregemenl-CONFlDgKrr A PBge 1 E..tbn Time:716I201510:02:15 PA1 RETURN TO AGENDA Orange County Sanitation District Investment Transactions and Balances in the State of California Local Agency Investment Fund June 30, 2015 Par Value Book Value Market Value Rate Yield Balance June 1,2015 $32,411,655 $32,411,665 $32,411,655 0.30 0.30 Deposits. 6/10/2015 8,700,000 8,700,000 8,700,000 0.30 0.30 6/24/2015 20,600,000 20,600,000 20,600,000 0.30 0.30 Total Deposits 29,300.000 29,300,000 29.300,000 0.30 0.30 Withdrawals: 6/4/2015 (900,000) (900,000) (900,000) 0.30 0.30 6/18/2015 (10,900.000) (10,900,000) (10,900,000) 0.30 0.30 Total Withdrawals (11,800,000) (11,800,000) (11,800,000) 0.30 0.30 Balance June 30, 2015 $49,911,655 $49,911,655 $49,911,655 0.30 0.30 Asset SummaryReport ID: GL8251 Base Currency: USD r by Asset Type with Sectors Alternate Base Currency: BNY MELLON Exchange Rate: OCE aQ OP CIIANDLRR-OCSF07511102 6 30 2015 Status: FINAL o1', } k 1 'J "-Im p #A . .`t`�u DeScnpti0n �n , 1,, t + ,„SNR j t 11 CASH &CASH F;QVIVALEN'CS 1:ON1 Mia+r'i Al,rnrttu LIN:'IIIINI 2,600,000.000 2,496,228.89 2,496,245.59 4.03% 16.70 r11IIXAL iinNMI IIIANh, Nk IYN011LESS 8,000,000.000 7,997,306.81 7,997,306.81 12.92% 0.00 I J;u o:aAi.I loMi< uAll 9!OICI I ,I es 1YHORLESS 5,000,000.000 4,997,308.40 4,997,308.40 8.07% 0.00 111L.IIi;PMIN%1,.v IN11,N I r u mus 0 is 1rv1(MIATED) 3,096,030.450 3,096,030.45 3,096,030.45 5.00% 0.00 IN'11,PI '11 106,622.33 106,622.33 0.17% 0.00 U.S. DOLLAR 28,596,030.450 18,03.496.88 18,693,513.58 30.20% 16.70 CASH&CASH EQUIVALENTS 18,596,030.450 18,693,496.88 18,693,613.68 30.20% 16.70 FIXED INCOME SECURITIES U.S. DOLLAR BANKING&FINANCE 5,008,000.000 5,039,480.64 5,028,430.32 8.12% -11,050.32 CHEMICALS 1,000,000.000 1,001,530.00 1,000,950.00 1.62% -580.00 OIL&GAS 1,100,000.000 1,116,489.00 1,113,563.00 1.80% -2,926.00 RETAIL 2,000,000.000 2,033,930.00 2,032,090.00 3.28% .1,840.00 US AGENCIES 9,500,000.000 9,568,808.00 9,524,940.00 15.39% .43,868.00 US GOVERNMENTS 24,500,000.000 24,520,589.90 24,510,105.00 39.59% .10,484.90 U.S. DOLLAR 43,108,000.000 43,280,827.54 43,210,078.32 69.80% .70,749.22 FIXED INCOME SECURITIES 43,108,000.000 43,280,827.64 43,210,078.32 69.80% .70,749.22 TOTAL ASSETS.BABE: 61,704,030.450 61,9740324.42 61,903,591.90 100.00% -70,732.62 711312015 6:08:25PM ROT 1 Wn.kbcnch Asset Summary Report ID: GL8251 Base Currency; LSD BNY MELLON by Asset Type with Sectors rantr Base Currency; Exchange Rate: OCS LONG CHANDLER OCSM7522202 6/30/2015 Status; FINAL ll"J A,H't, t._ i CASH Ss CASK EQUIVALENTS U.S.DOLLAR CASH EQUIVALENTS HAL812.500 104,812-50 44,283.28 0.01% -60,5ZL22 COMMERCIAL PAMR-DISCOUNT 16,500,000.000 16,470,175.00 16,47G300,25 4.05% 125.25 FEDERAL HOME LOAN BANK-I YR OR LESS 20",000.000 19,995,621.97 19,999,600.00 4.92% 3.978.03 FEDERAL HOME LOAN MORTGAGES- 1 YR OR LESS 10,000,000.0ee 9,993,194.40 9,998,800G0 2,46% 5,605.60 FNMA ISSUES- I YR OR LESS 10,000000.000 9,9%,233.30 9,%8,900.00 2.46% 4,666.70 SHOW TERM INVESTMENT FUNDS(US REGULATED) 884,334.650 884,334.65 884,334.65 0,22% 0.00 RENDING TRADES 16.51 16.51 0.00% 0.00 INTEREST 1j20,510.46 1,120,510.46 0.28% GOO U.S. DOLLAR 57,489,147.150 58,562,898.79 59,516,745.15 14.40% 46,153.64 CASH&CASH EQUIVALENTS 57,489,147.150 59,562,898.79 58,516,745.15 14.40% -46,153.64 FlIKED DICOME SECURITIES U.S.DOLLAR ABS-CAR LOANS 13,595,000.000 13,572.581. 4 13,584,082.65 3.34% 11,501.21 ABS-CREDIT CARDS 9,000,000.000 9,003,945-32 9,000,000.00 2.22% J,945.32 ABS-EQUIPMENT 6,955,000.000 6,956,439.14 6,960,595.00 1.71% 4,155.86 ADS-HOME EQUITY 256,942.960 20Q195.06 246,103.76 0.06% 36,908.70 ABS-SMALL,BUSINESS ADMINISTRATION 155,329.590 155,329.59 168,597.84 0.04% 13,268.25 ADS-STUDENT LOANS 46,706.670 +5,517.17 47,915." 0.01% 1,398.27 BANKING&FINANCE 50,5w,wo.000 52,007,239.82 49,998,981.00 12.31% -2,00B,258.82 COLLATERALIZED MORTGAGE OBLIGATION COMM/C 116,265.610 116,565.36 116,301.65 0.03% -263.71 FHLMC MULTICLASS 2,130,891.750 2,334,334-87 2,379,630.77 0.59% 45,295.90 FHLMc FOOLS 2,750.510 2,680.48 2,852.17 0.00% 168.69 FNMA,ROOM 2,314,412.330 2,430,82957 2,531,08002 0.62% 100,250.45 FNMA REMIC 702,869.890 694,070.23 705,235.16 0.17% 12,164.93 FOOD BEVERAGE&TOBACCO 1,854,I+LW 1,776,880.00 0.44% -77,264.00 GNMA MULTI FAMILY POOLS 301,725.890 301,724.67 314,171.% 0.08% 12,447.27 GNMA REMIC 54,103.580 S4,103.58 54.+44.97 0.01% 341.39 HEALTHCARE 5,30UGI0." 5,327,727.00 5,348,195.00 1.32% 20,468.00 INSURANCE Sm'".000 499,630.00 S01,405.00 0.12% 1,775.00 OIL&GAS 6,000,000." 5,%3,540.00 5,975,960.00 1.47% 12,420.00 71131201E 6.09.49PM Workbench d, Asset Summary Report ID: OLB251 Baee Currency: URIC B NY M F LLO N by Asset Type with Sectors utereate Booe currency: Exchange Rat.: OCS WNG CHANDLER OCSY07522202'� 6 30 2015 But..: FINAL Descriptlon ',i' t* ed cr rr:: 11000,000.000 996,050.00 1,083,370.00 0.27% 87,320.00 v u PKA NA um A 1,6vsnhs 13,000,000.000 13,035,120.00 13,027,261 3.21% .7,860.00 'rnxnm rv: MUN If II Al 9,040,000.000 9,072,383.89 9,991,639.20 2.46% 919,255.31 'ri simoumr 7,000,00O000 7,003,475.40 6,973,680.00 1.72% -29,795.40 u ,; 'rira 13,654,376.000 13,544,534.71 13,372,748.79 3.29% -171,785.92 us AaI N( 1 53,000,000.000 53,112,830.00 53,159,042.00 13.08% 46.212.00 us ro VlIMMIM', 148,100,000.000 148,003,658.06 148,891,677.00 36.64% 888,018.94 u'ru.rry o-I j,( Iriar. 1,000,000.000 999,810.00 1,003,540.00 0.25% 3.730.00 MilflLh IPAN <'uu ,'nu a'ricizni.¢>;n M'i'OOBLIG 580,388.220 580,385.58 581,485.15 0.14% 1,099.57 U.S. DOLLAR 345,906,763.000 347,878,847.94 347,797,874.51 $5.60% -80,973.43 FIXED INCOME SECURITIES 345,906,763.000 347,878,847.94 347,797,874.51 85.60% .80,973.43 TOTAL ASSETS-BABE: 403,395,910.150 406,M1,746.73 406,314,619.66 100.00% ,127,127.07 711312015 6:09:49PM EDT 2 Workbench Asset Summary Rase Cwre cy asl :USU BNY MELLON by Asset Type with Sectors Alternate Rase Currency: Exchange Rate: ESCROW ACCOUNT- OCSF07555502 6 30 2015 Status: FINAL arke Yaldeo N FIXED INCOME SECURITIES U.S. DOLLAR US GOVERNMENTS 3,594,D00.000 3,603,596.33 3,594,000.00 100,00% 9,59533 TOTAL ASSETS-BASE: 3,594,000,000 3,603,596.33 3,s94,000.00 100.00% -9,596.33 711312015 6:10:53PM EDT 1 Workbench Report ID: RAM234 Yield Analysis Bare Currency: BNY MELLON OCSM7511102 6/30/2015 Liquid Oper-Pi aeo p, a UEs ed <[ ``� M/� urte sbpa `ert �'; Tote[cost `t+( Te Optr " p n D lecu f s ho ��Pl "- Ywl y ueluy rice },Market yele -#Y °/ arke4 Ada ; .a3 CASH &TEMPORARY Sum of Account Receivables - 0.00 SUMRECV 106,622 AGENCY 2,000,000.00 FEDERAL HOME LN MTG CORP DISC 0.13 A. 99.98 1,998,833 11.36 0.16 313396KZ5 0.000%08/28/2015 DO W/28/14 1,998,833 3.23 5,000,000.00 FEDERAL HOME LN BK CONS DISC 0.14 Aaa 99.99 4,999,000 28.42 0.08 313384JT7 0.000%07/29/2015 DD 07/29/14 4,999,000 8.08 1,000,000.00 FEDERAL HOME LN MTG CORD DISC 0.17 A. 99.99 999,704 5.68 0.06 313396JM6 MAT 07/23/2015 999,704 1.61 COMMERCW.PAPER 1,000,000.00 BANK TOYKO-MITSUB DISC 0.30 0.30 P-1 99.90 999.000 5.68 0.33 06538CXT3 10/27/2015 999,017 1.61 1,000,000.00 TOYOTA MTR CR CP DISC 1.18 P-1 99.86 998,628 5.68 0.12 89233HVB7 08/11/2015 998,628 1.61 500,000.W PNC BANK N A DISC 1.58 P-1 99.72 498,601 2.83 0.18 69349M22 09/M/2015 498,601 0.81 OTHER 3,096,030.45 DREYFUS TREAS&AGY CSH CSH MG - A. 3,096,030 17.60 0.08 996085247 VAR RT 12/31/2049 DD 04/09/97 3,096,030 5.00 TREASURIES AND AGENCIES O 2,000,000.00 FEDERAL HOME LN MTG CORP DISC 0.08 Am 99.96 1,998,771 11.36 0.43 313396NQ2 0.000%10/30/2015DD10/30/201 1.998,771 3.23 7/13/2015 6:18:31pM EDT 1 Source:The Bank of New York Mellon Corporation �P� Yield Analysis Repor IM RAM234 I Basc Currency: USD BNY MELLON OCSFO7611102 6/30/2015 Liquid Oper-P6nco M u a'tr�oddy'kT ke { okel Coak Otioa" ^ eca d- k - B A6=a- ualrly a S r [ A7de< ke �' r ecun cnp 1 x4 t i•.,. 2,000,000.00 FEDERAL HOME LN BK CONS DISC 0.09 Aaa 9998 1,999,028 11.36 0.18 313384LE7 MAT09/02/2015 1,999,028 3.23 TOTAL:CASH B TEMFORART 0.26 0.03 17,587,596 100.OD 0.16 17,694,235 FIXED INCOME AGENCIES&OTHER OOVT OEL 2,000,000.00 FEDERAL NATL MTG ASSN 0.14 1.99 A. 100.42 2,M5,660 4.53 0.23 31398A3T7 2.000%09/21/2015 DO 09/21/10 2,008,380 3.M 1,500,000.00 FEDERAL HOME LN BK CONS BE 0.15 1.74 Aaa 100.32 1,515,240 3.40 0.20 31337WBS 1.750%09/11/2015 DD 08/04/10 1,504,740 2.43 1,000,000.00 FEDERAL HOME LN BK CONS DISC 0.15 Aaa 99.96 999,279 2.26 0.30 313384NA3 MAT 10/16/2015 999,279 1.61 2,000,000.00 FEDERAL HOME LN BK CONS BD 0.19 0.50 A. 100.12 2,003,320 4.52 0.39 313380L% 0.500%11/20/2015 DD 08/23/12 2,0D2,440 3.23 2,000,000.00 FEDERAL FARM CR BK CONS BD 0.26 1.49 A. 100.47 2,021,180 4.53 0.38 31331J2S1 1.500%11/16/2015 DD 11/15/10 2,009,360 3.25 2,000,000.00 FEDERAL NATL MTG ASSN 0.32 0.50 A. 100.00 2,003,408 4.51 0.01 313500LN1 0.500%07/02/2015 DD 05/21/12 2,000,020 3.23 RANKS 6 FINANCE 1,000,000.00 CHARLES SCHWAB CORD/THE 0.50 0.85 A2 100.15 1,002,700 2.26 0.43 808513AH8 0.850%12/04/2015 DD 12/06/12 1,001,510 1.62 1,000,000.00 STATE STREET CORP 0.53 2.83 A2 101.60 1,019,240 2.29 0.68 857477AH6 2.875%03/07/2016 DD 03/07/11 1,016,000 1.64 711312015 6:18:31PM ELT 2 Source:The Bauk of New York Mellon Corporation w♦.. Yield Analysis Report ID: RAM234 Base Currency: DSD QNY MELL©N OCSF07511102 6/30/2015 Liquid Oper Maus, "P � � azkek Total oa e � ti�Org! r ud.- r es no '�� CaU�EOP�� .`OakY�e vaLfy{4 a at:,,` ... Merkek vela �NT ' d 1,008,000.00 JOHN DEERE CAPITAL CORP 0.68 0.70 A2 100.00 1,009,341 2.27 0.18 24422ERV3 0.700%09/04/2016 DD 09/07/12 1,008,040 1.63 1,000,000.00 JPMORGAN CHASE S CO 0.68 1.12 A3 100.29 1,002,380 2.26 0.65 46623EJU4 1.125%02/26/2016 DD 02/26/13 1,002,880 1.62 1,000,000.00 GENERAL ELECTRIC CAPITAL CORP 1.62 1.63 Al 100.00 1,005,820 2.26 0.01 36962GSZ3 1.625%07/02/2015 DD 07/02/12 1,000,000 1.62 INDUBTRIALB 1.100,000.00 OCCIDENTAL PETROLEUM CORP 0.39 2.47 A2 101.23 1,116,489 2.51 0.58 674599BZ7 2.500%02/01/2016DD 12/16/10 1,113,563 Lm 1,000,000.00 COSTCO WHOLFSALE CORP 0.53 0.65 Al 100.05 LWI,340 2.26 0.44 22160XAD7 0.650%12/07/2015 DD 12/07/12 1,000,510 1.62 1,000,000.00 PRAXAIR INC 0.60 0.75 A2 100.10 1,001,530 2.26 0.64 74005MM 0.750%02/21/2016 DD 02/21/13 1,000,950 1.62 1,000,000.00 HOME DEPOT INC/THE 0.66 5.23 A2 103.16 1,032,590 2.33 0.66 437076AP7 5.400%03/01/2016 DO 03/24/06 1,031,580 1.67 TREASURIES 4,000,000.00 U 8 TREASURY NOTE 0.08 0.37 Asa 100.11 4,006,420 9.04 0.38 912828TX8 0.375%11/15/2015 DD 11/15/12 4,004,360 6.47 6,000,000.00 U S TREASURY NOTE 0.11 0.25 Asa 100.06 6,004,004 13.55 0.46 912828UC2 0.250%12/15/2016 DD 12/15/12 6,003,780 9.70 3,500,000.00 U8 TREASURY NOTE 0.13 0.25 Asa 100.03 3,503,156 7.90 0.25 91282SVY3 0.250%09/30/2015 DO 09/30/13 3,501,085 5.66 7,500.000.00 U S TREASURY NOTE 0.16 0.25 Asa 100.01 7,504,127 16.93 ON 912828VN7 0.250%07/31/2015 DO 07/31/13 7,500,600 12.12 7/13/2015 6:18:311M EDT' 3 Source.'The Bank of New York Mellon Corporation Yield Analysis Report ID: R 234 Base Currency: USD BNY MELLON MSM7511102 6/30/2015 Liquid Oper-Pimca N 43 4 i " S1ry / '" e oa y!s arkeL �s lYotel CodtO s Yn � Il EOP 'ity qp ` MazkfNVplue 'hQbi _.. `Eecun mescnp non 3,500,000.00 US TREASURY NOTE 0.19 025 Aaa 100,01 3,502,883 7.90 0.13 912828TE6 0.25M N/15/2015 DD 08/15/12 3,500,280 5.65 TOTAL:FIXED INCOME 0.26 0.81 44,280,I07 300.00 0.30 94,209,35T TOTAL:Liquid Oper-Pimco 0.26 0.67 61,867,902 100.00 0.26 61,903,592 711312015 6:18:31PM EDT 4 Sum The Bart:ofNera York Mellon Corporation Yield Analysis Report ID: RAW1234 Base ca.reney: BNY MELLON OCSM7522M2 6/30/2015 Long Term Oper-Xmao In .hu'. P UAV f�jdlq Qity M. '015 ug, MOM& TR 7 6 io 21 -it CASH & TEMPORARY Sum of Account Receivables 0.00 SI.IMMCv 1,120,527 AGMCY 20,000,000.00 FEDERAI,HOME LN BE CONS DISC 0.02 Aaa WAS 19,995,622 34.83 0.08 313384JV2 MAT 07/31/2015 19,999,600 4.92 10,000,000.00 FEDERAL NATL MM ASSN DISC 0.07 A. 99.99 9,994,233 17.41 0.18 313588LD5 0.000%09/01/2015 DD 9/OB/2014 9,998,900 2.46 CDMMKRCW.PAPER 10,000,000.00 IFEDERAI,HOME I,N MTG CORP DISC 0.06 Aoe 99.98 9,993,194 17.41 0.19 313396LM 0.000%09/11/2015 DO 09/11/201 9,998,800 2.46 7,500,000.00 BANK TOYKO-MITSUB DISC 0.30 0.30 P-1 99.90 7,492,500 13.05 0.33 06538= 10/27/2015 7,492,625 L84 2,000,000.00 TOYOTA MTR CR CP DISC 0.75 P-1 99.86 1,997,256 3.48 0.18 89233HW42 09/04/2015 1.997,256 0.49 7,000,000.00 PNC BANK N A DISC 1.58 p 1 99.72 6,980,419 12.16 0.18 69349EW22 09/02/2015 6,980,419 1.72 OTHER 1M,812.50 SUH PROXY LONG EXPOSURE - 104,813 0.08 - 99WAEU30 SI,HOI`NTA4 44,283 0.01 E84,334.65 DREWUS TREAS&AGY CSH CSH MG A. 884,335 1.54 0.08 996085247 VAR RT 12/31/2049 DO 04/09/97 884,335 0.22 US CASK 711312015 6.18.'31PM EDT 5 Scums The Bank of New York Megan Corporation Report ID: RAM234 Yield Analysis I Base Currency: USD BNY MELLON OCSM7522202 6/30/2015 Long Term Op,Pirnco yy ,�gypp ntan�ld� 1 yr-'�Y "' frrevt 'Aio6`dye arke`t „e��T,oCalfszyk' "h Ybp' e qn� fy cud D i'Se 3 iphdn . +q r SOP �bYfeld 'Qu`el eye gra,�k'L Vale cy Ph Maces ° CIn g= i 'r' � 3 Be o 1.00 USD(UNITED STATES DOLLAR) - 0 0.00 - NA9123459 GL PAYABLES RECEIVABLES 0 0.00 TOTAL:CABK&TEMPORARY 0.29 0.06 57,442,372 100.00 0.17 58,516,745 FD[ED INCOME AOENCIBB&O ISR OOVT OBL 4,000,000.00 FEDERAL NAIL MTG ASSN 0.52 1.36 A. 101.18 4,044,200 1.16 1.36 3135GOES8 1.375%11/15/2016 DD 10/20/11 4,047,040 1.00 5,000,000.00 FEDERAL HOME LN VITO CORP 0.57 0.50 Asa 99.88 4,991,050 1.43 1.57 3137MDUO 0.500%01/27/2017 DO 0 1/16/15 4,994,150 1.23 10,000,000AO FEDERAL HOME LN MTG CORP 0.75 0.75 Asa 100.00 9,988,500 2.87 2.02 3137EADV8 0750%07114/2017 DO 05/29/15 9,999,567 2.46 7,500,000.00 FEDERAL HOME LN BK CONS BD 0.77 1.00 Ana 100.45 7,537,650 2.16 1.92 313379M4 1.000%06/09/2017 DO 05/10/12 7,533.525 1.85 5,D00,000.00 FEDERAL HOME LN MTG CORP 0.95 0.75 Asa 99.50 4,967.500 1.43 2.50 3137EADN6 0.750%01/12/2018DD 11/21/12 4,975,100 1.22 5,000,000.00 FEDERAL HOME LN MTG CORP 1.01 0.88 A. 99.65 4,974,100 1.43 2.65 3137MDPI 0.875%03/07/2018 DO 01/17/13 4,982,600 1.23 7,500,000.00 FEDERAL HOME LN BK CONS SO 1.05 1.36 A. 100.87 7,544,850 2.17 2.64 313378A43 1.375%03/09/2018 DO 02/13/12 7,565,250 1.86 4,000,000.00 FEDERAL HOME LN BK CONS BD 1.35 1.49 has 100.54 4,043,] O 1.15 3.59 3133782M2 1.SM%03/08/2019 DO 02/06/12 4,021,760 0.99 711312015 6:18:31PM EDT 6 Source:]he Bank of New York Mellon Corporalion Yield Analysis Repert ID: RAn1234 Base Currency: USD BNY MELLON OCSF07522202 6/30/2015 Long Term Oper Pimco T}N/ �,.�. 0 u obdy aj3Me9;ket t"� o Cost ° tOptwn` cu D A F xf? p Cell'�EOg)p Y e d 2rky .rice 4+s : Market wliij 4. �/Meru dj "tBee D ^ Raug '�j x 5 _ Velue Duo 5,000,000.00 FEDERAL NATL MTG ASSN 1.55 1.74 Aaa 100.80 5,021,500 1.44 w 4.06 3135MMI 1.750%09/12/2019 DO 07/28/14 5,m,050 1.24 9ANE8&MANCB 6,300,000.00 WELLS FARGO BANK NA 0.26 0.75 Aa2 100.03 6,297,795 1.81 0.06 94985H5e7 0.750%07/20/2015 DO 07/29/13 6,301,701 1.55 5.200,000.00 TOYOTA MOTOR CREDIT CORP 0.38 0.57 Aaa 100.16 5,20Q000 1.49 0.88 89236TAK1 VAR RT 05/17/2016 DO 05/17/13 5,20$476 1.28 500,000.00 WELLS FARGO BANE NA 0.55 0.55 Aa2 99.99 500,000 0.14 - 94988.12L0 VAR RT 06/15/2017 DO 06/12/14 499,950 0.12 200,000.00 CITIGROUP INC 0.75 1.25 8.1 100.27 198,352 0.06 0.54 172967GGO 1.250%01/15/2016 DD 01/10/13 200,540 0.05 600,000.00 BANKOFAMERICANA 0.78 0.70 Al 99.85 600,000 0.17 0.10 06050TLX8 VAR RT 05/08/2017 DD 05/08/14 599,082 0.15 2,000,000.00 GOLDMAN SACHS GROUP INC/THE 0.82 0.73 A3 99.% 1,895,068 0.57 0.23 381410EG5 VAR RT 03/22/2016 DD 03/22/06 1,998,720 0.49 500,000.00 AFLAC INC 1.19 3.44 A3 100.28 499,630 0.14 0.12 001055AE2 3.450%08/15/2015 DD 08/09/10 501,405 0.12 3.000,000.00 HSBC USA INC 1.74 1.63 A2 99.73 3,003,290 0.86 2.47 40428HPH9 1.625%01/16/2018 DD 12/20/12 2,991.810 0.74 2,900,000.00 AMERICAN EXPRESS CO 1.92 6.17 A3 113.41 3,377,386 0.94 2.48 025816AY5 7.000%03/19/2018 DO 03/19/08 3,288,890 0.81 600,000.00 GOLOMAN SACHS GROUP INC/THE 1.94 5.41 A3 109.93 692,806 0.19 2.34 38141GFU4 5.950%0 1/18/2018 DD 01/18/08 659,568 0.16 711312015 6:18:33PM EDT 7 SowceMe Banc of New Pork Mellon Corpandar, Yield Analysis Report ID: RAM234 Ei CRena4F: IDD BNY MELLON OCSM7522202 6/30/2015 Long Tenn Ql r Pln c x. `i�Tptalc at'-r.: O' 3,800,0DO.00 BANK OF AMERICA CORP 1.95 5.28 B9e1 108.94 4,134.014 1.19 2.28 060505DP6 5.750%12/O1/2017 DD 12/04/O7 4,139,644 1.02 3.200,000.00 BEAR STEARNS COS IL.C/THE 1.98 4.32 A3 107.75 3.523.520 0.99 2.77 073902CDS 4.650%07/02/20 IS DD 06/25/03 3,448,128 0.85 5.000,000.00 JOHN DEERE CARPAL CORP 2.14 2.29 A2 100.65 5,046,984 1.44 4.01 24422ESS9 2.30D%09/16/2019 DD 09/15/14 5,032,550 1.24 5,000,000.00 GENERAL ELECTRIC CAPITAL CORP 2.21 2.20 Al 99.97 5,014,950 1.43 4.28 3696207M0 2.200%01/09/2020 DO 01/09/15 4,998.600 1.23 2,800.000.00 BANK OF AMERICA CORP 2.31 5.99 Bul 114.75 3,417,664 0.92 3.05 590188JN9 6.875%11/15/2018 DD 11/24/98 3,213,000 0.79 2.000,000.00 JPMORGAN CHASE 9 CO 2.66 2.29 A3 98.27 1.994,880 0.56 4.31 46625HKA7 2.250%O1/23/2020 DD 01/23/15 1.965.360 0.48 1.000,000.00 SIMON PROPERTY GROUP LP 2.77 4.04 A2 108.34 996,050 0.31 5.05 828807CF2 4.375%03/O1/2021 DO OS/16/10 1,053.370 0.27 2,800,000.00 MORGAN STANLEY 3.17 4.89 A3 112.81 3.200,848 0.91 5.19 61747WAL3 5.500%07/28/2021 DO 07/28/11 3.158.652 0.78 600,000.00 ESC LEHMAN BRTH HID ESCROW - - 11.38 387,357 0.02 - 525ESCIB7 0.000%01/24/2013 DO 01/22/08 68,250 0.02 2.000.000.00 LEHMAN BRTH HLD ESC - - 10.63 1,302.786 0.06 - 525ESCOY6 0.000%12/30IM16 DO 10/24/05 212.500 0.05 CARDS 9,000,000.00 CHASE ISSUANCE TRUST AS AS 0.59 0.69 NR 100.00 9,003.945 2.58 0.13 161571FL3 0.59D%0 8/1512 017 DD 09113/12 9,000,000 2.22 CARE 7/13/2015 6.18..31PM EDT, 8 So The Bonk of New York Mellon Corporation gyp. Yield Analysis Report ID: RAM234 Base Currency: USD BNY MELLON OCSM7522202 6/30/2015 Long Tenn Oper Panco Y, ;:�P,s1 ccu� ty:ID� �6ga� ty`Desc Iptiov � e ��Y•�� 4,000011000 II ONIM Al H)Mi,:rvAVAu.eS 201 A3 0.83 0.67 Asa 99.84 3,987,813 1.14 0.88 43H1 ; V11 o n70z Ii/.II/ I'll 1 nn 02/27/14 3,993,640 0.98 4,000,00o o0 nrvrrin AuIel Ph:CEIVABLES 2AA3 0.88 0.67 Am 99.80 3,991,719 1.14 0.90 892:31 NIA, o 11 ,W, 12/1:.-i'017DD03/19/14 3,991,920 0.98 2,000,00.,10 1 ION UA AI;'fn l:Mc.EIVABLE8202 A3 0.91 0.77 Am 99.84 1,998,594 0.57 1.14 4381nnncn it 71,, (I;/I"/sm8DD05/21/14 1,996,800 0.49 3,595,1)1Ia(10 n:Yl I I A All u el s.r:VAULKS 2 A A3 1.00 1.12 Am 100.19 3,594,456 1.03 1.65 8923:Iwn:nI I ILI 'l,/P, MI" uD03/04/15 3,601,723 0.89 COMMERCIAL MORTGAGES l,,aes ei N, Ilnnc AI:ANIH 1) NnTFSTRCl Al 038 1.60 - 100.03 116,565 0.03 0.04 1)l.9S3xAAV. I In I'll It/10/l0 116,302 0.03 EQUIPMCNT LOANS 1000,000IN JOHN Ill III uwmI;RTRUST20BA3 1.02 1.07 Am 100.07 4,001,875 1.15 1.31 rn>s7iAno I. 1/o✓. II/e:, WXDD09/03/14 4,002,640 0.99 .., ll:Oo[Loo ,'.o-: 6uu11 MI N I In ANSVORTAT71 A3 1.21 1.28 Am 100.10 2,954,564 0.85 1.32 :folrn:Aca i %mrtt.W/a;/:v I9 DID 03/04/15 2,957,955 0.73 FANNIE MAE REMIC 177,13b,I).1 I I'MAU I'n l:r vdc P/T07-114A6 0.00 0.39 Asa 98.83 168,500 0.05 - 313ooa_:p:, VAC i:r 1(1/,, 10,17 DD 11/30/07 175.054 0.04 52ti,7:1-I 'I, I-v J I rn 1 1 M lc P/T 11-3 RA 0.64 0.86 Aae 101.04 525.570 0.15 0.56 31397OKI;C vAIR 1 I1V, :/::IAIDD01/25/11 531,181 0.13 FHLMC 2?50 5I I II.M,' 1011 ,n7e 6064 1.18 2.35 A. 103.70 2.683 0.00 0.56 I.o1W;v/_ %AKiffr "I 111_Io28DD12/01/97 2,852 0.00 FNMA 711312015 6:18:31PM EDT 9 Source.,The Bank of New York Mellon Corporation Yield Analysis Report ID: RAM234 Base Currency: USD BNY MELLON OCSF07522202 6/30/2015 Lang Term Op,P mco Sty e' Currg`"`dt dy� Jry Muik r 4a:. To[ul C6Y,at�5 '� "`" ;Ho ee dyy�}n (� kgAy x e a 3 = b + M -up 2 xYield,.y ulit a >SMecket YSIug 4�¢ 'e d s"'+A.' Secunty Ogscnphon ,y1 3= a u x 3 ag; . 4`' Ratin 19r } 232,752.34 FNMA POOL 00823358 0.81 2.23 Aaa 106.86 230,934 0.07 0.70 31406XWT5 VARRT 02/01/2035 DD 04/01/05 248,710 0.06 370,819.22 FNMA POOL p0466397 2.13 3.21 Aaa 105.92 362,794 0.11 4.70 31381MM 3.400%11/01/202ODD 11/01/10 392,761 0.10 48,379.21 FNMA POOL#0826080 2.23 4.52 Aaa 110.63 52,008 0.02 2.43 31407BXH7 5.000%07/01/2035 DD 06/01/05 53,520 0.01 43,288.67 FNMA POOL#0257179 2.39 4.16 Aaa 108.11 45,782 0.01 3.46 31371NUC7 4.500%04/01/2028 DD 03/01/08 46,800 0.01 28,802.96 FNMA POOL N0A 869 239 4.16 Aaa 108.11 30,462 0.01 3.21 3138R06F6 4.500%06/01/2029 DD 09/01/11 31,139 0.01 267,190.75 FNMA POOL 40357969 2.40 4.52 Aae 110.56 287,230 0.08 2.52 31376XT22 5.000%09/01/2035 DD 09/01/05 295,406 0.07 255,548.42 FNMA POOL p0745580 2.41 4.52 Aaa 110.61 274,715 0.08 2.65 31403WM 5.000%06/01/2036 DD 05/01/06 282,665 0.07 513,851.61 FNMA POOL#0888336 241 4.52 Aaa 110.61 552,390 0.16 2.73 31410F4V4 5.000%07/01/2036 DD 04/01/07 568,356 0.14 45,862.80 FNMA POOL k0MA0022 2.42 4.16 Asa 108.11 48,504 0.01 3.31 31417YAY3 4.500%04/01/2029 DO 03/01/09 49,583 0.01 6,255.40 FNMA POOL#0748678 2.42 4.52 A. 110.52 6,725 0.00 2.89 31403GXF4 5.000%10/01/2033 DD 10/01/03 6.913 0.00 501,660.95 FNMA POOLM0815971 2.45 4.52 Asa 110.6E 539,286 0.16 2.68 31406PQY8 5.000%03/01/2035DD03/01/05 555,228 0.14 FR@DDIE MAC MULVCLASS 711312015 6:18:31PM EDT 10 Source.'] a Bank ofNm York Mellan Corporation Yield Analysis Report ID: RFLM234 Base Currency: USD 13NY MELLON MOM7522202 6/30/2015 Long Term Opel,Matter, F71 U.itadlcld ll l I, ity I Inle iplLic,ion Tt" I aJJ,Nl( N,in,nn ASSMTGE3A 070 2.89 Am 103.80 81,459 0.02 0.46 I Ull t1l, VAIR 1:I 10:32DD12/01/97 84,468 0.02 I lit rj( M oc rice I VSS MT3 K006 A2 1.99 3.89 NR 109.37 951,047 0.28 4.06 ,t I I198V 1118 2,1 01/ 16q2[)20IDD04/01/10 984,321 0.24 1,1 I'll,I X I t Pnl.Mr MIJI It( I ASSUM582A 3.54 5.70 Ares 114.03 1,301,829 0.38 1.82 11 1, I'll Z,09,'2 ,,2043 DD 09/01/03 1,310,842 0.32 GNMA Ili 1NI16 GNMA I[MOJ,4003O65 0.39 1.72 An 104.12 111,479 0.03 a39 112" It, 118 V W IYr W,':'I",l(M I 1111(17/01/04 116,144 0.03 ill, 111 , If (,NMA ulvul. 1...I,()408X 0.78 1.72 A. 104.28 109,067 0.03 1.29 It,,,1 N"', VA, [i 1 11 ,1 'it, ff,iUDD05/01/00 114,901 0.03 111 '1102 1 I,INIA 11 '111IJ W080023 0.81 1.73 A. 103.94 31,097 0.01 0.62 (,- If API VAR Ill 11, 111) 12/01/96 31,794 0.01 1 "If I I 1 1 I� jlllA n PH',I IIIIIINIVIt 0.82 1.72 A. 104.12 12,804 0.00 1.16 NN! " l�l (?I t)il) A)0 1/01/00 13,454 0.00 f6,17" ", GNKIA 11 11),1[ 111810088M 0.84 1.73 Asa 103.84 37.278 0.01 1.44 31,129((20 VAR ltJ DID 06/01/97 37,880 0M GNMA RMIC 54,103 58 l AM l PIT 00.9 PH 0.10 0.68 Am 100.63 $4,104 0.02 0.12 i8i7itlft %11 R it 1 I'll I I(I"'ll M $4,445 0.01 HOME EQUI ry 12 ill P)0/ SUU9[)V If iw II om E WAN TR OFM A4 1.33 0.49 99.49 108,762 0.04 0.00 83011 Ml I VARRr 11/25/2035DD09/30/05 122,566 0.03 711312015 6.,18:31PM EDT 11 saunes,The Bank of New York Mellon GIr,mcf,rufton �" .. Yield Analysis Report ID: RAM234 .�' Base Currency: USD BNY MBLLON OCSM7522202 6/30/2015 Long Term Op,Marne { �) ifa Heid% k s�atl '#`3 £ z S i •""�" YTM/�,Curreot Mao'd➢�a b'�e Total Co C c.'w.�M. P ecud D Recunt�gR"^�Deaci�f PI,1 ]ield:re uelity e '. MarkehgYelae,,,E Merffit�a.£z it ,1 .,,P a Mt: WIIIIE gk '�"`'$ A Value, - f =t '� E ' e;ttR Y AY. .L 133,743.29 AMRESCO RESIDENTIAL SECURI 1 A 2.29 1.02 .: - 92.37 100,433 0,04 0.00 03215PFN4 VAR RT 06/25/2029 DD 10/20/99 123,537 0.03 INDUSTRIALS 1,000,000.00 SOUTHERN CO/THE 0.67 2.37 Baal 100.35 999,810 0.29 0.21 842587CM 2.375%09/15/2015 DO 09/17/10 1,003,540 0.25 4,000,000.00 CHEVRON CORP 1.28 1.11 Aal 99.57 3,977,200 1.14 2.40 166764AA8 1.104%12/05/2017 DD 12/05/12 3,982,880 0.98 2,000,000.00 INTEL CORP 1.36 1.35 Al 99.96 2,008,280 0.57 2.42 458140AIA 1.350%12/15/2017 DD 12/11/12 1,999,280 0.49 2,000,000.00 OCCIDENTAL PETROLEUM CORP 1.63 1.51 A2 99.65 1,986,340 0.57 2.56 674599CD5 1.500%02/15/2018 DD 06/22/12 1,993,080 0.49 1,600,000.00 PHILIP MOMS INTERNATIONAL IN 1.70 5.09 A2 111.06 1,854,144 0.51 2.68 718172AA7 5.650%05/16/2018 DO OS/16/08 1,776,880 G. 4,000,000A0 ELI LILLY&CO 1.93 1.95 A2 100.08 4,009,675 1.15 3.57 532457BF4 1.950%03/15/2019 DD 02/25/14 4,003,280 0.99 2,000M000 AMERICAN HONDA FINANCE CORD 2.08 2.23 Al 100.68 2,019,540 0.58 3.93 02665WAH4 2.250%08/15/2019 DD 09/09/14 2,013,560 G50 5,000,000.00 QUALCOMM INC 2.36 2.26 Al 99.49 4,995.195 1.43 4.65 747525AD5 2.250%05/20/2020 DD 05/20/15 4,974.400 1.22 1,300,000.00 AMGEN INC 2.74 3.33 Beal 103.46 1,318,052 0.39 4.82 031162BD1 3.450%10/01/2020 DD 09/16/10 1,344,915 0.33 OTHER CMO BOW AGENCIES 580,388.22 NCUA GUARANTEED NOTES TR R2 lA 0.35 0.79 A. 100.19 580,386 0.17 0.02 6288BUAA8 VARRT 11/06/2017DD11/17/10 581,485 0.14 711312015 6.18.31PM EDT 12 Source:The Ban)c of New Pork Mellon Corporation Yield Analysis Report ID: RAM234 P40W Base Currency: USD BNY MELLON OCSF075222D2 6/30/2015 Long Term Oper-Pimco Un $. 1 �M,' YTM/ ' �Curre¢ A' „„,o,gg�d�yy ac�e4 1" ='+ f7Rotel Cost %Typda Rc' cD e�cpnty DesLnp rov :1 t{Cell 1�P� `Yi<eltl ualrky e ('' S„Iderke elu4e -§vz^ RaiingE .x Vnlce umL�on. a. - 155,329.59 SBA GTD PARTN CTFS 2001-20C 1 I A8 5.84 Aaa 108.54 155,330 0.05 1.72 83162CWO 6.340%03/01/2021 168,598 0.04 STUDENT 46,706.67 SLM STUDENT LOAN TRUST 200 9 A -0.03 1.13 Aaa 102.59 46,517 0.01 0.01 7W5JAA5 VAR RT 04/25/2023 DD OS/28/OS 47,915 0.01 SUPRANATIONALS 5,000,000.00 INTERNATIONAL FINANCE CORP 0.83 1.00 Aaa 100.31 5,020,700 1.44 1.80 45950KBS8 1.000%04/24/2017 DO 04/24/12 5,015,550 1.23 5.000,000.00 INTER-AMERICAN DEVELOPMENT BAN 0.84 1.00 Aaa 100.31 5,019,550 1.44 2.01 45B1XOCG1 1.000%07/14/2017 DD 04/30/14 5,015,700 1.23 3,000,000.00 INTERNATIONAL BANK FOR RECONST 1.05 1.00 Aaa 99.87 2,994,870 0.86 2.92 459058EJ8 1.000%06/15/2018 DO 04/30/15 2,996,010 0.74 TIPS 0.00 US TREAS-CPI INFL T 1.81 1.06 Ana 105.77 0 0.00 4.64 912828PP9 1.125%01/15/2021 DO 01/15/11 0 0.00 3,292,128.00 US TREAS-CPI INFLAT 2.11 0.13 Aaa 99.24 3,299,571 0.94 6.G9 912828TE0 0.125%07/15/2022 DD 07/15/12 3,267,174 0.80 10,362,246.00 US TREAS-CPI INFL T 2.34 0.13 Aaa 97.52 10,244,964 2.90 7.83 912828WUO 0.125%07/15/2024 DO 07/15/14 10,105,575 2.49 TNEABUmw 7,000,000.00 U S TREASURY NOTE 0.08 0.37 Ase 100.11 7,009,867 2.01 0.38 912828TXB 0.375%11/15/2015 DO 11/15/12 7,007,630 1.72 7,000.000.00 US TREASURY NOTE 0.11 0.25 Aaa 100.06 6,998,109 2.01 0.46 91282BUC2 0.250%12/15/2015 DO 12/15/12 7,004,410 1.72 711312015 6.'18:31PM EDT 13 Source:The BaN<of New York Mellon Corporntian `►` Yield Analysis Report ID: RAM234 .�' Base Currency: DBD BNY MELLON OCSK7522202 6/30/2015 Lunp Term One, nntr. �H its H Id v (1�1• f S rity ID + / S rityDescript op r b w I c01 7,500,601/00 0'e'r hq';IJ )' NOTE 0.15 0.37 A. 100.13 7,512,916 2.15 0.58 912ay.f11I1 11 /,3.01/Ifl/2016 DD01/31/14 7,509,975 1.85 3,500,000.00 09'I1 MIIIJPYNO I'I; 0.33 0.35 Am 100.02 3,500,340 1.00 0.00 912821,1)'1i VnJNIRI 01/ ro/,1016DD04/30/14 3,500,665 0.86 12,0IX1 00 0s'11 A:;uIJY N111B 0.38 0.50 Am 100.14 11,997,656 3.44 1.16 912R3anbq 0 nvz,nryll//016DD08/31/14 12,016.920 2.96 1:,rnu1,000.no a c' PI:A'NIRY N10'19d 0.46 0.50 Ana 100.06 14,965,871 4.30 1.41 9121"1":n1 a[.00m. n/:m/_m1oDDl1/30/14 15,009,450 3.69 12,500,0n000 uNmmA>ladv N0[1's 0.79 0.87 Us 100.19 12,435.979 3.59 2.35 912S21:1'.Ea 11" s, , I I/Is/21)17 DD 11/15/14 12,523,500 3.08 52,900u00.00 a:, JIRI:A,vui:Y N11'1'1t 1.38 1.61 A. 100.95 $2,816,985 15.31 3.90 91282t"NS5 ].W, IJW,f( /:019DD06/30/14 53,399,905 13.14 17,400,000.00 USIM Al ,l i `I Nl)n; 1.41 1.61 Aea 100.85 17,443,113 5.03 3.95 91282nwW6 1.625%"" 11//¢n9DD07/31/14 17,548,248 4.32 5,800P0a0o USTRI�As[i YNJ11! 1.46 1.73 Am 101.20 5,873,187 1.68 4.11 912828139 1.750'/, na/.ul/]"w, M09/30/14 5,869,774 1.44 7,500,00a00 US'II: :ui:YNHIE 1.50 1.50 A" 100.02 7,449,635 2.15 4.30 91292a:1,1 1.500i, 11/:11)/_%019DD 11/30/14 7,601,200 1.85 US TAXABLE MUNI BONDS 2 1 1,0u0 on rrnrl Ali I I us NEW YORKANEW JE 2.32 4,72 As3 112.47 2,507,634 0.79 4.00 735:WAn9 uvr'<, 1z/0i/zo19DD07/01/09 2,744,219 0.68 1,400,000.00 NI,W Yf1H6 CITY NY'I'NANSITIONAL 2.66 3.81 Aal 106.99 1,400,000 0.43 4.83 64971M5E8 4.075%11/Ill/auBUDD11/03/10 1,497,902 0.37 711312015 6:18:31PM EDT 14 Source:The Bank of New York Mellon Corpor lan Yield Analysis Report ID: RAM234 r' Base Currency: LSD BNY MELLON OCSM7522202 6/30/2015 Long Tartu Open Move, 400,000.00 UNIV OF CALIFORNIA CA ROTS MED 2.93 4.53 Aa3 111.26 40GDOO 0.13 5.16 913366EJS 5.035%05/15/2021 DD 11/18/10 445,044 0.11 1,200,000.00 TEXAS ST TRANSPRTN COMMISSION 3.19 4.39 Am 114.63 1,200,000 0.39 7.62 88283LHT6 5.028%04/01/2026 DO 08/05/10 1,367,808 0.34 2,500,000.00 MUNCIE ST TOLL HIGHWAY AM 3.98 4.96 Ae3 106.62 2,464,750 0.76 3.70 452252FJ3 5.293%01/01/2024 DD 05/21/09 2,665,550 0.66 1,100,000.00 MASSACHUSETTS ST FORT AUTH PAC 4.49 5.37 A3 115.56 1,100,000 0.36 8.59 575898CSS 6.202%07/01/2031 DD 06/15/11 1,271,116 0.31 TOTAL:FIXED INCOME 1.23 1.51 347,878,848 100.00 2.75 347,797,875 TOTAL:Long Term Oper-Plmco 1.10 1.37 405,321,220 100.00 2.38 406,314,620 71131201E 6:18:31PM EDT 15 Source:The Bank oJNeu,York Mellon Corporation eat Yield Analysis Repor ID: RAM234 P Ease Currency: BNY MELLON OCSF07555502 6/30/2015 O.C.S. Escrow Account b,pP�w9 " {I e ',„v+.Ii Vhp� �"� 7l, !p coos;6 E"x : Fowl oos _ ' ✓a o 0 1. " L'E I �¢ ° wa b y FCell'(ECiP� peY, Maiket Ya.uo ac Ea e ¢ ufRecut�ty�De6o;iptl t e r v ti � k+ x CASH & TEMPORARY Sum of Account Receivables - 0.00 SUMRECV 0 TOTAL: CASH &TEMPORARY 0.00 0.00 100.00 0 FIXED INCOME TREASURIES 3,594,000.00 US TREASURY NOTE - 0.38 Am 100.00 3,603,596 100.00 - 912828SK7 0.375%03/15/2015 DO 03/15/12 3,594,000 100.00 TOTAL:FIXED INCOME 0.00 0.38 3,603,696 100.00 3,694,000 TOTAL:O.C.S.ftorow Accowst 0.00 0.38 3,603,596 100.00 3,594,000 7/13/2015 6:18:31PM EDT 16 Source:The Bank of New York Mellon Corporation Asset Detail Report ID: GL8013 �,01 Base Currency: USD BNY MELLON by Currency Attera.teBaseLb envy: E=h=ge Rate: OCSD CONSOLIDATED OCS000010000 6/30/2015 Status: FINAL �Ij � = NWUnr 'bgj1.2, 4 0 Gat," Ear,.' Vh 'e, za U.S. DOLLAR CASH&CASH EQM BXTS INTEREST RECEIVABLE 1,227,132.79 1,227,132.79 0.26% 0.00 RECEIVABLE FOR INVESTMENTS 16.51 16.51 0."/6 0.00 SOLD BANK TOYKO_MITSUB DISC 99.9017 8,500,000.000 8,491,500.00 8,491,641.95 1.8()% 141.95 10/27/2015 SEC ID: 06538= FEDERAL HOME LN BE CONS DISC 99.9800 5'"'W0.000 4,999,000.00 4,999,000.00 1.06% 0.00 0.000%07/29/20 15 DO 07/29/14 SEC ID: 313384JT7 FEDERAL HOME LN HE CONS DISC 99.9980 20,000,000.000 19,995,621.97 19,999,60().00 4.24% 3.978.03 MAT 07/31/2015 SEC ID;313384JV2 FEDERAL HOME LN HK CONS DISC 99.9514 2,000,000.000 1,999,027.78 1,999,027.78 0.42% 0.00 MAT 09/02/2015 SEC ID:31W84LE7 FEDERAL HOME LN BE CONS DISC 99.9279 1'000000 000 999,279.03 999,279.03 0.21% 0.00 MAT 10/16/2015 SEC ID: 313384NA3 FEDERAL HOME LN MTG CORP DISC 99.9704 I,Opp Opp.000 999,704.44 999,704." 0.21% 0.00 MAT W12312015 SEC ID 313396JM6 FEDERAL HOME LN MTG CORP DISC 99.9417 2.000,000.000 1,998,833.12 1,%8,833.12 0.42% 0.00 0.000%08/28/2015 DO 08/28/14 SEC ID:313396K 5 FEDERAL HOME LN MTG CORP DISC 99.9880 10,000,000.000 9,993,190.40 9,998'800m 2.12% 5,605.60 0.000%09/11/2015 DD W/11/201 SEC ID;313396LP6 FEDERAL HOME LN MTG CORP DISC 99.9385 2,000,000.000 1,998,770.84 1,998,770.84 0.42% 0.00 0.000%10/30/2015 DO 10/301201 SEC HL 313396NQ2 FEDERAL NAM MTG ASSN DISC 99.9890 10'"'W0.000 9,994,233.30 9,998,900.00 2.12% 4,666.70 0.000%09/01/2016 DD 9/08/2014 SEC ID:313588LD5 PNC BANK N A DISC 99.7203 7,5DQ,000.000 7,479,020.83 7,479,020.83 1.59% 0.00 09/02/2015 SEC ID:69349KW22 TOYOTA WE CR CP DISC 99.8628 1,000,000.0m 998,627.50 998,627.50 0.21% 0.00 08/11/2015 SEC ID 89233HVB7 711312015 6.33:11PM SLIT 1 Workbench Asset Detail Report ID: GL8013 Base Currency: USD BNY MELLON by Currency Alternate Base Currency: Exchange Rate: OCSD CONSOLIDATED-OCSG00010000 6/30/2015 status: FINAL 3g .a �.e,� s- as Net Ult`re`31ize `s: e� ' , � `de '+4 r `'`•. Cost x�Market Vale f s44 Gain '- escr�ption #;i 'n..x.,,.i a�y .,,,; ,�9hares,'parr ,�, �..Base< :,Sr ` .':Base ETDta ��.^ .,.,.� TOYOTA MTR CR CP DISC 99.81,28 2,000,000.000 1,997,255.56 1,997,255.56 0,42% 0.00 09/04/2015 SEC ID:89233HW42 DREYFUS TREAS&AGY CSH CSH MG 100.0000 3,980,365.100 3,980,365.10 3,980,365.10 0.84% 0.00 VAR RT 12/31/2049 DO 04/09/97 SEC ID:996085247 SLH PROXY LONG EXPOSURE 0.4225 104,812.500 104,812.50 44,283.28 0.01% -60,529.22 SLHOPNTA4 SEC ID:99WMU30 TOTAL CASH As CASH EQMN ESTS 76,085,177.600 77,256,395.67 Y7,210,253.73 16.36% -46,136.94 FUCKD INCOME SECURITIES AFLAC INC 100.2810 500,000.000 499,630.00 501,405.00 0.11% 1,775.00 3.450%08/15/2015 DO 08/09/10 SEC ID:001055AE2 AMERICAN EXPRESS CO 113.4100 2,900,000.000 3,377,385.79 3,288,890.00 0.70% -M,495.79 7.000%03/19/2018 DO 03/19/08 SEC ID:025816AY5 AMERICAN HONDA FINANCE CORD 100.6780 2,000,000.000 2,019,540.00 2,013,560.00 0.43% -5,980.00 2.250%08/15/2019 DO 09/09/14 SEC ID:02665WAH4 AMGEN INC 103.4550 1,300,000.000 1,318,052.00 1,344,915.00 0.29% 26,863.00 3.450%10/01/2020 DO 09/16/10 SEC ID:031162BD1 AMRESCO RE3IDENTll SECURI 1 A 92.3690 133,743.290 100,432.85 123,537.M 0.03% 23,1G4.49 VAR RT 06/25/2029 DO 10/20/99 SEC ID:03215FFN4 BANK OF AMERICA COW 108.9380 3,800,000.000 4,334,014.00 4,13%M4.00 0.88% -194,370.00 5.750%12/01/2017 DO 12/04/07 SEC ID:060505DP6 BANK OF AMERICA NA 99.8470 600,000.000 600,000.00 599,082.00 0.13% -918.00 VARRT 05/C3/2017DD0S/O8/14 SEC ID:06050TLX8 BEAR STEARNS COS LLC/THE 107.7540 3,200,000.000 3,523,520.00 3,448,128.00 0.73% -75,392.00 4.650%07/02/2018 DO 06/25/03 SEC ID:073902W8 CHASE ISSUANCE TRUST AS AS 100.0000 9,000,000.000 9,003,945.32 9,000,000.00 1.91% -3,945.32 0.590%08/15/2017 DD 09/13/12 SEC ID: 161571FL3 CHEVRON COW 99.5720 4,000,000.000 3,977,200.00 3,982,880.00 0.84% 5,680.00 1.10494,12/05/2017 DO 12/05/12 SEC ID: 166764AA8 711312015 6:33:12PM EDT 2 Workbench Asset Detail Report ID: GL8013 d' Base Currency: DSD 13NY MFi LION by Currency Alternate Base Currency: Exchart Rota: WAD CONSOLIDATED OCsn00010000 6/30/2015 8htuc FXNA . '41 ";dagw y dtl 9r, i t" x r 41`aul'. {ir .DeSCdPt on„1. $ ' r ktr 8a BFlaresr a r1 u:l<uuPINC'. 100.2700 200,000.000 198,352.00 200,540.00 0.04% 2,188.00 11110 „O /If,/zo1b I/1:01/II1/13 .,Lr w I'/Jnnnt'.0 C115'II 1I wunl.u:;AII cner 100.0510 1,000,000.000 1,001,340.00 1,000,510.00 0.21% -830.00 ueo0ss I;p[rN:10 I::11U IP./a!/1! stil' ro :.?u,oicn n'i .unm nl<1<eo-;cnrrrnl.c( Nr 100.0040 1,008,000.000 1,009,340.64 1,008,040.32 0.21% -1,300.32 11l/0": o1Vm1/1nI9Im11e/119/18 se<- 1u »-12ar;1zv.l .1rn lry ul;v:rzx.l'nrrrnL rnl:I' 100.6510 5,000,000.000 5,046,984.00 5,032,5SOA0 1.07% -14,434.00 :1111 n ov/u,l all a nu oa/r:,/I h 'CUP:enl.cnuM ul:l u:rnN;< nD 100.4680 2,0DOXe000 2,021,180.00 2,009,360.00 0.43% .11,820.00 1 L00 1111, "I:, I1I1II/Ib/10 '01 11, a111i +1: 11:kn1.111)NI M, 1110a1:Na 1111 100.3160 1,500,000.000 1,515,240.00 1,504,740.00 0.32% -10,500.00 I., OP 0v/II/a01I1 uuolyul/Io S1( IR.i1J:IM111; ro-u[Jznl, 10M1: IN III, CUNI, un 100.5440 4,000,000.000 4,043,480.00 4,021,760.00 0.85% -21,720.00 sOff ' t"IW 1ua uu W,/l o2/IIa : ''IINC 11) .II M3 8'fMP 11,111 TAIL HOMI, LN I ,/v,rv�, I1u 100,8700 7,500,000.000 7,544,850.00 7,565,250.00 1.60% 20.400.00 12 N rv:c�I oa 1�1:rr/nl lhI1I,d11l.MIMI LN 11cII1W; nn 100.4470 7,500,000.000 7,537,650.00 7,533,526.00 1.60% 4,125.00 110OW 0e/11=1/201/ 11111) , Iu/rt HISF111s1 f"IWI 111 IM. nuM: I.N I I, rnN,u III 1 100.1220 2,000,000.000 2,003,320.00 2,002,440.00 0.42% -880.00 .I , III i1.1.1M II. NILMI MUI:rin.nrs M'Initln 103.8030 $1,373.600 81,458.71 84,468.24 0.02% 3,009.53 Mnit I:I' OX/I s/:;11s2 u1) 12/Ul/97 1:Pa' IU :f I'i.t'I'r.ICvb rl",[, 1 11,0111 103.6960 2,750.510 2,683.48 2,852J7 0.00% 168.69 vne 1r1' o I/0I/"0 H uu 12/01/97 HA" :. :I I Xs'U/ i IIcRAI NAII Mn: ns!sN 101.1760 4,000,000,000 4,044,200.00 4,047,040.00 0.86% 2,840.00 /au u, 11n ]0/20/11 1 lour:Hnl. NAIL MIMASSn 100,0010 2,000,000.000 2,003,408.00 2,000,020.00 0.42% -3,388.00 0500, 110 11 1/'_s:15 DD 05/21/12 SEC Ih 31 Ib11M,N1 7/13/2015 6d3:11PM EDT 3 Workbench Report ID: ,y Asset Detail ease Cu 1a rency: USD BNY MELLON by Currency Mtemate ease Carrency: Exchange Rate: OCSD CONSOADATED-OCSG00010000 6/30/2015 Status: FINAL t Un ea... ark�t Va?ue y '% t .dP�,. „„ Base i -,Base 7;o, at4�I'-€ -.'�N 4:1)EXA1.NATL MTG ASSN 100.8010 5,000,000.000 5021,500.00 1,040050.00 1.07% 18,550.00 1.7WI.09/12/2019 DD 07/28/14 SEC ID:313500ZGI FNMA POOL#0257179 108.1110 43,288.670 45,782.00 46,799.81 0.01% 1,017.81 4.S00%04/01/2028 DO 03/01/08 SEC ID:31371NUC7 FNMA POOL#0357969 110.5600 267,190.750 287,230.06 295,406.09 0.06% 8,176.03 5.000%09/01/2035 DO 09/01/05 SEC ID:31376KT22 FEDERAL HOME LN MTG CORP 99.5020 5,000,000.000 4,%7,500.00 4,975,100.00 1.05% 7,600.00 0.750%01/12/2018 DD 11/21/12 SEC ID:3137EADN6 FEDERAL HOME LN MTG CORP 99.6520 5,000,000.000 4,974,100.00 4,982,600.00 1.06% 8,500.00 0.875%03/07/20 18 DO 01/17/13 SEC ID:3137EADP1 FEDERAL HOME LN MTG CORP 99.8830 5,000,000.000 4,991,050.00 4,994,150.00 1.06% 3,100.00 0.500%0 1/27/2017 DD 01/16/15 SEC ID:3137MDUO FEDERAL HOME LN MTG CORP 99.9957 10,000,000.000 9,988,500.00 9,999,567.00 2.12% 11,%7.00 0750%07/14/2017 DO 05/29/15 SEC ID:3137EADV8 FTMA POOL#0466397 105.9170 370,819.220 362,794.47 392,760.59 0.08% 29,966.12 3.400%11/01/2020 DO 11/01/10 SEC ID:31381PDM FNMA POOL#OAL0869 108,1110 28,802.960 30,461.96 31,139.17 0.01% 677.21 4.500%06/01/2029 DD 09/01/11 SEC ID:3138EG6F6 FHLMC MULnCLASS MTG 582A 114.0340 1,149,518.150 1,301,829.28 1,310,841.53 0.28% 9,012.25 6.500%09/25/2043 DO 09/01/03 SEC ID:31394 35 FNMA GM REMIC P/T 07-114 A6 98.8250 177,135.630 168,500.26 175,054.29 0.04% 6,554.03 VAR RT 10/27/2037 DD 11/30/07 SEC ID:31396MQS FNMA GTD REMIC P/T 11-3 FA 101.0360 525,734.260 525,569.97 531,180.87 0.11% 5,610.90 VAR RT 02/25/2041 DO 01/25/11 SEC He 31397QRE0 FEDERAL NATL MTG ASSN 100.4190 2,000,000.000 2,025,660.00 2,008,380.00 0.43% -17,280.00 2.000%09/21/2015 DD 09/21/10 SEC IN:31398A FHLMC MULTICL SS MTO K006 A2 109.3690 900,000,000 951,046.88 984,321.00 0.21% 33,274.12 4.251%01/25/2020 DD 04/01/10 SEC ID:31398VJ98 7/13/2015 6:13:11PM EDT 4 Workbench ® Asset Detail Report ID: GL8013 �4 . Ease Currency: Use BNY MELLON by Currency atemate Ease Currency: Exchange Rate: OCSD CONSOLIDATED-OCSWOU10000 6/30/2015 Status: FINAL ,, s x • e '`�° ^x tv °Sm vo-NetU 'e'Al._.e *Price 'S Y<S ;v + ""° ., sty t-a arkeY. .... c P, 1DLL,n:, �, :Base '4 Shar�s+P,ar " -tea Ba ev .aBase FNMA POOL#0745580 110,6110 255,548.420 274,714.54 282,664.66 0.06% 7,950.12 5.00M 06/01/2036 DO 05/01 w SEC ID:31403DJM FNMA POOL#0748678 110.5200 6,255.400 6,724.56 6,913.47 0.00% 188.91 5.000%10/01/2033 DO 10/01/03 SEC ID:31403GXF4 FNMA POOL#0815971 110.6780 501,660.950 539,2B5.53 555,22B.31 0,12% 15,942.78 5.000%03/01/2035 DO03/Ol/05 SEC ID:31406PQY8 FNMA POOL#0823358 I06.8560 232,752.340 230,933.96 248,709.84 0.05% 17.775.88 VAR RT 02/01/2035 DD 04/01/OS SEC ID: 31406XWT5 FNMA POOL#0826080 110.6250 48,379.210 52,007.64 53,519.50 0.01% 1,511.86 5.000%07/01/2035 DO 06/01/05 SEC ID:31407OXN7 FNMA POOL#0888336 110.6070 513,851.610 552,390.48 568,355AS 0.12% 15.965.37 5.000%07/01/2036 DO 04/01/07 SEC ID:3141OF4V4 FNMA POOL#OMA0022 108.1110 45,862.800 48,504.37 49,582.73 0.01% 1,078.36 4.500%04/01/2029 DD 03/01/09 SEC ID:3141WAY3 GE EQUIPMENT TRANSPORTATI 1 A3 100.1000 2,955,000.000 2,954,564.14 2,957,955.00 0.63% 3,390.86 1.280%02/25/2019 DO 03/04/15 SEC ID:36I64EAC9 GNMA II POOL#0080023 103.9360 30,590.240 31,096.90 31,794.27 0.01% 697.37 VAR RT 12/20/2026 DD l2/01/96 SEC ID:36225M9 GNMA II POOL#080088M 1W.8370 36,479.880 37,277.90 37,879.61 0.01% 601.71 VAR RT 06/20/2027 DO 06/01/97 SEC ID:36225CC20 GNMA II POOL#080408X 104.2790 110,185.700 109.066.63 114,900.55 0,02% 5,833.92 VAR RT 05/20/2030DD05/01/W SEC ID:36225CN28 GNMA II POOL#0080395 104.1230 12.921.110 12,803.99 13,453.85 0.00% 649.86 VAR RT 04/20/2030 DO 04/01/00 SEC ID:36225CNM4 GNMA II POOL#0080965 104.1190 111,548.96D 111,479.25 116,143.66 0.02% 4,664.41 VARRT 07/20/2034DD07JOl/N SEC ID:36225DCD8 GENERAL ELECTRIC CAPITAL CORP 100.0000 1,000,000.000 1,005,820.00 1,000,000.00 0.21% -5,820.00 1.625%07/02/2015 DO 07/02/12 SEC lD:36962GSZ3 7/13/2015 6:13:11PM EDT 5 Work6eneh Asset Detail Report ID: OL8013 Base Currency: DBD B N Y M E L LON by Currency Alternate Been Currency: Eacheage Ret4t OCSO CONSOLIDA TED-OCSG00010000 6/30/2015 8q(ny; Ill P F d �N Yr a :� �SY7;1, r 4et Valge Description ./., Ba 'Base 'd<41 PAL I Al-rBlc I All Al.I I IMP 99.9720 5,000,000.000 5,014,950eO 4,998,600 00 1.06% -16,350.00 1 auo X.u 1/na/:=,n:a1 I M Of/U1/ yI1 II) 4b'InIG%MO Onl.umAN rAA lls f ITHE 99.9360 2,000,000.000 11895,068.00 1,998,720.00 0.42% 103,652.00 vAKPI o:1/ /2o nnu 0a/aN/Off ., t I I r. 3v l I IHIiG.'. (,0I )mAN SA/ Its r,kLnn'IN( Ilu? 109.9280 600,000A00 692,806.00 659,568.00 0,14% -33.238.00 ,1)",, O I/I Haan l ss oo ill/Is/08 41I IRs iI 11( 1Rl r.vmA rrr a ulcwa r/r00-9PIf 100.6310 54,103.580 54,103.58 54,444.97 0.01% 341.39 %AP PI W/I6/2a:o ',IfC IIJ IlY,fill IINX9 llsnc I ;A IN[' 99,7270 3,000,000.000 3,003,290.00 2,991,810.00 0.63% -11,480.00 1 0 sY Ill n 6/v0I I nn 1 z/"A/12 srr m. -111-1L2Hwva uomo-;uo-ru'1'1Nr/'rho-: 103.1580 1,000,000.000 1,032,590.00 1,031,580m 0.22% -1,010.00 non^n,a'./u V:lale 1)1)0.1/t'/00 .I t. Iu -Id/lf/NAI'1 nuNnn nu'ru our o-AVAu.lc'; n 1 A3 99,8410 4,000,000.000 3,987,812.50 3,993,640.00 0.85% 5,827.50 o"'l,,. I /:=I/Oo r/ I1lI uzF'"I/L1 ,"I, Ill-I f6,I IUA( 9 II[)NJ)AAII'lu 1:I( IIIVN,IS:! 111 ,l A3 99.8400 2,000,000.000 1,998,593.75 1,996,800.00 0.42% -1,793.75 0,io°u aa/w/NO I's uu os/zI/l4 i"I1 11) I:ISil 11 Al d n tINu[1;r;I 11I,I.InGHWAYALFIll 106,6220 2,500,000.000 2,464,750.00 2,665,550.00 0.66% 200,800.00 o I/o I/''024 DD 05/21/09 :111 In -0 :12"'i 0 IN'Ij uI'M 99.9640 2,000,000.D00 2,008,280.00 1,999,280.00 0.42% -9,000.00 1 "0% 1'/I 6/2017 I ll] 12/II/12 , F. 11 f I il[ nAI1 IN'I'I�:It AVi IHAM AN TAXI I(,I'V1 NI 100.3140 5,000,000=0 5,019,550.00 5,015,700.00 L06% -3,850.00 unN Luorvx,In/I:I/)p I Y uu n.1/.fo/14 ih4lz111 r.I INIII,Nn9'InnAL I1ANE 10cIalc<'/1NST 99.8670 3,000,000.000 2,994,870.00 2,996,010.00 0.64% 1,140.00 100nv oo/I.,,,2(II/, )uOIp.o/ G 141( I:. I ,f(19gG 1i IMIn:Nnnorvnl.I NANro-A lWl' 100.3110 5,000,000.000 5,020,700.00 5,015,550A0 1.06% -5,150.00 I nonev.u�lz-l/mn nu o.I/sI/I z �slcr In qf:lsoln v5s IPMOIl ( AN ('.11A;1 a.r1, 100.2880 1,000,000.000 1,002,380.00 1,002,880.00 0.21% 500.00 I-u':, )L-eon,o I o I)1,0q/26/l3 SFz: Ill 11,6, N.lU4 711312015 6:13:11PM EDT 6 Workbench Asset Detail Report ID: GL8013 Nase Currency: USE BNY tvfELLON by Currency a°e as<°Base Currency: Exchange Rate: OCSO-CONSOLIDATED-OCSWD010000 6 30 2015 Statu s: FINAL < �iFS E '<{1 gt N€ 8 ti ar c' x : .,., : a r M T 't Unreal �$ u _^` : P st ifif: +SON Markets'�/alue o i68 1�e-.;c Shares ,ar use "3'J 'i d `, r7Base �.sMTotal, _. . , ,; ' s. B P.,.. JPMORGAN CHASE 6s CO 982680 2,000,000.000 1,994,880.00 1,965,360.00 0.42% -29,520.00 2.250%01/23/2020 DO 01/23/15 SEC ID:46625HKA7 JOHN DEERE OWNER TRUST 20 B A3 100.0660 4,000,000.000 4,001,875.00 4,002,MO.00 0.85% 765.00 1.070%11/15/2018 DD 09/03/14 SEC ID:477877AD6 LEHMAN BRTH HLD ESC 10.6250 2,000,000.000 1,302,786.17 212,500.00 0.05% -1,090,286.17 0.000%12/30/2016 DO 10/24/05 SEC ID: 525ESCOY6 ESC LEHMAN BRTH HLD ESCROW 11.3750 600,000.000 387,356.86 68,250.00 0.01% -319,106.86 0.(KK%01/24/2013 DD 01/22/08 SEC ID:525ESCIB7 ELI ULLY 9 CO 100.0820 4,000,000.000 4,009,675.00 4,003,280.00 0.85% -6,395.00 1.950%03/15/2019 DD 02/25/14 SEC ID: 532457BF4 MASSACHUSETTS ST PORT AUTH PAC 115.5560 1,100,000.000 1,100,000.00 1,271,116.00 0.27% 171,116.00 6.202%07/01/203I DO 06/15/11 SEC ID:575898CS8 BANK OF AMERICA CORP 114.7500 2,800,000.000 3,417,664.00 3,213,000.00 0.689% -204,664.00 6,875%11/15/2018 DO 11/24/% SEC ID:590188JN9 MORGAN STANLEY 112.8090 2800w0000 3,200,848.00 3,158,652.00 0.67% -42,196.00 5.500%07/28/2021 DD 07/28/11 SEC ID:61747WAL3 NCUA GUARANTEED NOTES TR R2 lA 100.1890 580,388.220 580,385.58 581,485.15 0.12% 1,099.57 VAR RP 11/06/2017 DD 11/17/10 SEC ID:62888UAA8 NCUA GUARANTEED NOTES TR C1 Al 100.0310 116,265.610 116,565.36 116,301.65 0.02% -263.71 1.600%10/29/2020 DD 11/10/10 SEC ID:62888X NEW YORK CITY NY TRANSITIONAL 106.9930 1,400,000.000 1,400,000.00 1,497,902.00 0.32% 97,902.00 4.075%11/01/2020 DO 11/03/10 SEC ID:64971MSEB OCCIDENTAL PETROLEUM CORP 101.2330 1,100,000.000 1,116,489.00 1,113,563.00 0.24% -2,926.00 2.500%02/01/2016 DO 12/16/10 SEC ID:674599BZ7 OCCIDENTAL PETROLEUM CORP 99.6540 2000000000 1,986,340.00 1,993,080.00 0.42% 6,740.00 1.500%02/15/2018 DD 06/22/12 SEC ID:674599CD5 PHIWP MORRIS INTERNATIONAL IN 111.0550 1,600,000." 1,854,144.00 1,776,880.00 0.38% -77,264.00 5.650%05/16/20IS DO OS/16/08 SEC ID:718172AA7 711312015 6.13:1 IPM EDT 7 Workbench Asset Detail Report ID: OLS013 yam' Base Currency: USD BNY MELON by Currency Altemate Base Currency: Bmh..p Rate: OCSD CONSOLIDATED-OCSG0o010000 6/30/2015 Biel NNAL uDes ktiony b1,w i'd°1 PORI AOruurNI W YONJi&.NhW J; 112.4680 2,440,000.000 2,507,633.89 2,744,219.20 0.58% 236,585.31 5,', 1)/01/?A1, uu 07/n1/n9 SEC I n /.I l IIIWACIO PRAHAIN Irv' 100.0950 1,000,000.000 1,001,530.00 1,000,950.00 0.21% -580.00 0.750' 09/2I,?0101)I)011/"1/13 SEC 11) ' uusrlu.a QUAUTUdM INC 99.4880 5,000,000.000 4,995,195.40 4,974,400.00 1.05% -20,795.40 2,25ax.0:,/'o/z0z0 00 0'.,/20/15 SEC Iu_ SLM S101)1+M'1A,AR'IHn:,l W)A 102.5880 46,706.670 46,617.17 47,915.44 0.01% 1,398.27 VAR PI rv1/ s l'.�rzu a 11 u;y2v/U8 SEC III: 7811 iAA: C3AaI.I SC.11wA1f( (1Ply'I'III; 100.1510 1,000,000.000 1,002,700.00 1,001,510.00 0.21% -11190.00 0.851,w. I '101/_'01 , u ) 1h./o1,/12 SEC III 4f1HI:L lAI Ia SIMON ruurr2rl v r,ivnlr 11 108,3370 1,000,000.000 996,050.00 1,083,370.00 0.23% 87,320.00 4.371;m.0-s/ol/sle•1 u00s/Ib/0 SEC 10-Irv86o],'1 1 YiA I;ru PAJP I N c'rr6 0101 20C 1 108.6420 155,329.590 155,329.59 168,597.84 0.04% 13,268.25 11) t'tiW1/zu21 sltc 1 u: 1 rv"1-1.10 SOICIDVII W11t11`l1'LILAATa01lT3A4 99.4860 123,199.670 108,762.21 122,566.42 0.03% 13,804.21 VAR I:I' II/:?':/:?IP.:, UII 09/30/05 SEC IL :Llt,11 N.t6.I SOU'1'ICn:n cu/'nu: 100.3540 1,000,000.000 999,810.00 1,003,540.00 0,21% 3,730.00 2.375'.,.ov/1s/30l oo/1,/10 SEC' In 131211 ( 1,) STA'I I':SI NIH,I I I PIP 101.6000 1,000,000.000 1,019,240.00 1,016,000.00 0.22% -3.240.00 2.815', 11 V1 1/2.011, un oa/n'//11 SEC IIL w.aP//Allo TEXAS51"rl:Ansrla n l'O MMIe1e108 113.9840 1,200,000.000 1,200,000.00 1,367,808.00 0.29% 167,808.00 5,028r o9/M/2021, un un/n:./10 SEC IIn I'll 8.u.I1'1 , TOYOI A A I'ru PI I II "I a.I:S".AA3 99,7980 4,000,000.000 3,991,718.75 3,991,920.00 0185% 201.25 0.6711 1z/1 / I'll/ UII0,�/1a/14 SEC U'.Hazi I Al 'I TOYI I I A M I I uld I M )IIl (111 100.1630 5,200,000.000 5,200,000.00 5,208,476.00 1.10% 8,476.00 VAR 1JIO 17/.'n U, 1,1) Cs/17113 ,I 1 11, l,11 l l l Aln 'I0n r1'A AOru 1d ( 1,1VAHI ES 2.A A3 100.1870 3,695,000.000 3,594,456A4 3,601,722.65 0.76% 7,266.21 1.121, 2</1' 2111 a uu 03/04/15 SEC In.III'unvnl':' 711312015 6:13:11PM EDT g Workbench fir. Asset Detail saes Repast �ID: Use01a 9 BNY MELLON by Currency Alternate ease Curcaae, Smelts.,Rate: OCSD CONSOIJDATED-oCSGDoolo600 6/30/2015 Status: FINAL r a,, "N' 'Unreahzed;� ' ' " Cos Markef'Va1ue3 � .,. rl/ eyptio t . ;` Base, ^SltsaFds r ,`t asa . '»„ -`Base.., .1 :�,ota r f0 pB4 115TREASURY NO'1'F, I OD.1330 7,500,000.000 9,512,915.75 7,509,975.00 1.59% 2,940.75 0.375%01/31/2016 DD 01/31/14 SEC IU:912828B41 U S TREASURY NOTE 100.0190 3,500,000.000 3,500,340.41 3,500,665.00 0.749A 324.59 VAR RT 04/30/2016 DD M/30/14 SEC ID:912828D31 U S TREASURY NOTE 100.1410 12,0OQ000.000 11,997,656.25 12,016,920.00 2.55% 19,263.76 0.500%08/31/2016 DD 08/31/14 SEC ID:912828D64 U S TREASURY NOTE 101.2030 5,800,000.000 5,873,186.87 5,869,774.00 1,24% -3,412.87 1.750%09/30/2019 DD 09/30/14 SEC ID:91282BF39 U S TREASURY NOTE 100.1880 12,500,000.000 12,435,979.37 12,523,500.00 2.657. 87,520.63 0.875%11/15/2017 DD 11/15/14 SEC ID:912828WO U S TREASURY NOTE 100.0630 15,000,000.000 14,965,870.56 15,009,450.00 3.18% 43,579.44 0.500%11/30/2016 DD 11/30/14 SEC ID:912828G46 U S TREASURY NOTE 100.0160 7,500,000.0DO 7,449,634.50 7,501,200.00 1.59% 51,565.50 1.500%11/30/2019 DD 11/30/14 SEC ID:912828G61 U S TREASURY NOTE 100.0000 3,594,000.Ooo 3,603,596.33 3,594,000.00 076% -9,596.33 0.375%03/15/2015 DD 03/15/12 SEC ID:912828SIO US TREAS-CFI MV T 99.2420 3,292,128.000 3,299,570.82 3,267,173.67 0.69% -32,397.15 0.125%07/15/2022 DD 07/15/12 SEC ID:912828TRO U S TREASURY NOTE 100.0G80 3,500,000.000 3,502,882.82 3,5DO,280.00 0.74% -2,602.82 0.250%08/15/2015 DO 0S/15/12 SEC ID:912828TK6 U S TREASURY NOTE 100.1090 11,0OQ000.000 11,016,286.85 11,011,990.00 2.33% -4,2%.85 0.375%11/I5/2015 DD 11/IS/12 SEC ID:912828'1'XS U S TREASURY NOTE 100.0630 13,000,000.000 13,002,113.87 13,008,190.00 2.76% 6,M6.13 0.250%12/15/2015 DD 12/15/12 SEC ID:912828UC2 U S TREASURY NOTE 100.0080 7,500,000.000 7,504,126.69 7,500,600.00 1.59% -3,526.69 0.250%07/31/2015 DD 07/31/13 SECID:912828VN7 U S TREASURY NOTE 100.0310 3,500,000.000 3,503,156.26 3,501,085.00 0.74% -2,MI.26 0.250%09/30/2015 DD 09/30/13 SEC ID:912828VY3 711312015 6:13:11PM EDT 9 Workber h Asset Detail Rep7Rt : L8013 Base CuSD BNY MELLON by Currency Alternate Base Cu EachengGCSDCONSOLIDATED-OCSG00010000 6/30/2015 INAL � Derip ion 4r ':t 4e. �i3 Base US 'rla;nsumv NOJI, 100.9450 52,900,000.000 52,816,985.09 53,399,905.00 11.32% 582,919.91 1bal/ 0n/.in Rn 1 o u1 I oe/uI/I4 SEC U3 TRr;n� c rl lry tls l' 97.5230 10,362,248.000 10,244,963.89 10,105,575.12 2.14% -139,398.77 BE( II i y 131V0iW941II1 U S'I'1a1 V,,1 WY NO n1, 100,8520 17400000000 17,443,112.67 17,548,248.00 3.72% 105,135.33 I.(w: :,0r/.�1/9n1auuo1/::I/14 BE( ]I, a I" ,S W W C UNIVOc cnl.I ORNln <'VRGISMED 111.2610 400,000.000 400,000.00 445,044.00 009% 45,044.00 5.0:35'x,oy I1,r3u21 I,1: 11/I8/10 SEC-Iu Olaf„bIC1, WEI.Is r'nuaO nONR Nn 100.0270 6,300,000.000 6,297,795.00 6,301,701.00 1.34% 3,906.00 0.75oro: W/ '0, 1101s I:n07/29/13 SEC 11u. ntelcd 61 i WEI.LSI-AN( 0) ANRNn 99.9900 500,000.000 500,000.00 499,950.00 0.11% -SOW VARR'I u ,/1 -101 ,' nnO(,/12/14 SEC- 11) 1IYIDVI1f1 TOTAL FIXED INCOME SECURITIES 392,608,763.000 394,763,271.81 394,601,962.83 83.64% -161,318.98 TOTAL ASSETS U.S. DOLLAR 468,693,940.600 472,019,667.48 471,8I2,2I1.66 100.00% 207,455.92 TOTAL ASSETS-BASE: 468,693,940.600 472,029,667.48 471,812,211.56 100.00% -207,455.92 711312015 6r13:11PM EDT 10 Wo,kbenc/I �s Transaction Report Report ID: TX8355 BNY MELLON Base Currency: USD OCSDCONSOLIDATED -OCSGOOOIOOG0 6/1/2015 - 6/30/2015 Status: FINAL x` y '= E fl' rade,Date nve`tmeCn S Inve'stment Settle Date ,#: Ourre C" Curr' 1'thnecCiy Da a vAmot t ('osCty Ga1n/Lose ,Amount 9n L "tti; Gah 'Cq,e,�SettlegDa ex.,,, Shares/Pars .� Bxa6„�'C`m' "__sir Base "r = Base , Base Base°- ;B' k RECEIPTS AND DISBURSEMENT TRANSACTIONS MISCELLANEOUS INCOME U.B. DOLLAR ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:912828TE0 SD 6/1/2015 640.000 0.00 640.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS TANG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:91282SWU0 SD 6/1/2015 1,976.000 0.00 1,976.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CH INPUT SEC ID:912828TE0 SD 6/2/2015 2M.000 0.00 224.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS TANG CHANDLER ILB INFLATION ADJUM MENT6 US TREAS-CPI INPUT SEC ID:912828WUO SD 6/2/2015 728.000 0.00 728.D0 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TRIMS-CPI INPUT SEC ID:912801LO SO 6/3/2015 224.000 0.00 224.00 0.D0 0.00. 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:912828WUO SD 6/3/2015 728.000 GOO 728.00 0.00 GOB 0.00 0.00 OCSM7522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:912828TE0 SD 6/4/2015 224.000 0.00 224.00 0.00 0.00 0.00 0.00 OCSF09522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:912828WU0 SO 6/4/2015 624.000 0.00 624.00 GW 0.00 0.00 UOO OCSF07522202 OCS TANG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:912828TE0 SO 6/5/2015 672.000 0.00 672.00 GOD 0.00 ODD 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INPUT SEC ID:912828WU0 SO 6/5/2015 2,184.000 GOD 2,184.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER 711312015 6:16:55PM EDT 1 'Pending Settlement Worussult I# Transaction Report Report ID: TX8355 BNY MELLON Base Currency: DSD OCSDCONSOUDATRD -DCSc00010000 6/1/2015 - 6/30/2015 Statue: FIR,V, Date; I nvestmeit W. ejitV16N�f# Settle PetB' IRr,ranffective!`pate ;z ' t/ 'pmoun .,'(>t y ` m QO,e {°' PIpmloifn�yy. "Oode;fettle D`aYe1 e+,Shaiea/Par 1 'Base,/,� �f , eSeIN , ,1§t��3��9e I I IN[ I AI ON nn.lu I,Nl , II'; I na tI111N1'IAl P, II1 OI"_IA28I@(I u o/:I/1111" PIP "I'll 0.00 224.00 0.00 0.00 0.00 0.00 O( SP[N/;:!lloz 111 1 ILNI I Cl lnW ILl(N 1111 INI 1,AII(lN A11,111 JMI:N6ILS I' J,VS I I I INFLAT S1 1 11, "1 ll"N,uU . tl o/N/201:I ",1.0111) 0.00 624.00 0.00 0.00 0.00 0.00 II ' IYU I)II" LIIy: PIN(, l'.INNIII.Hi 11II ININA"1'IVN AWI1S'I'MN:NTF M,"WI I I III INFLAT SIA: 11) IIvJ5'8'flio SD "PI/2011, L"I 'll), 0.00 224.00 0.00 0.00 0.00 0.00 f'I ;FU'/'i'110: HI `, LOMI I IIANUI I ll LLB INI'I ANON Au.1119'I'MEN'IS US'I'RJ I', ('I'I INFAT SEC I U_11 Y.X,IS W UO SD 1P/'1/1111 llLIMO 0.00 728.00 0.00 0.00 0.00 0.00 III'nv11)o:z?2202 0CSWNG(IIANl)II1z MAIL IN] _A_PION All ILS'IMEN'I'S 0S'I'HIiA;t C I INIIIAT >lll � /uI/non. zai nou 0.00 224.00 0.00 0.00 0.00 0.00 0('210"/:U21u2 uc ; I I)Nt1 ('II ANI)],ER u.I1IN[ 11'I(IN AD.I(1FI'Nil Al 1 [1':'1M As 1111INFLAT AA [11 a1'1,Ihwuo SD 1, I'll Mill 7_=n.000 0.00 726.00 0.00 0.00 OAO 0.00 A 1 0llb'11(n2 aUs lA 1Nn I IIANOLI;R ILB INITIATION 1111 IItVfMIiN Is IIH£k11A', CPI INFLAT SEC ID_111(Ill Ill'II II ED b/II/zn1lP ^_:1,000 0.00 224.00 0.00 0.00 0.00 0.00 I,('.,l Ill!>`_1112 ICS L1 Ill ('IIM'OLFR ILF IN] IA'1ION All HUI I Ml N'19 W, I ll(I<A:V ( PI INFLAT S1'('. II1 o1882HWUII . I WI1/gulf. z1,001I 0.00 728.00 0.00 0.00 0.00 0.00 (I(] I I)n.:,. -0) U('5 I LNG I,I ANnl.o-a: 11 li[NI I All(IN Hurl W,l NII:N'I'3 r:'IHI,A11I IIINI 6AT All 111 11 1,I'll 11 5D on:uslll, 1,10000 0.00 640.00 0.00 0.00 0.00 0.00 nl i;111/:LJGIIV oCs 11IN(: rnANOIAN ILB INI4 XIION AUJUti I N41:N"I c U:111:1-TN CPI INPUT SEC ID_aI tl,jhw UU SD 1,n.'./2u16 ans0.000 0.00 2,080.00 0.00 0.00 0.00 0.00 ,,I II/ra2nc% Iu'ti Ie1N( I H 1NO1,13R ILB INM 1 l I,1N AI1dU5"I'Mk1N"16 US'I'lil-:A>5-CPI INFLAT SEC IU_o I:eT:a;I A) SD tills/.'Ill 1 111000 0.00 224.00 0.00 0.00 0.00 0.00 I,('SI 07,22202 OCS TANG CIIANDLL'R 711312015 6:16:55PM EDT 2 `Pending Settlement Workbench Transaction Report Report ID: TX8355 BNY MELLON Base Currency: USD OCSD-CONSOLIDATED -OCSG00010000 6/1/2015 - 6/30/2015 Status: FINAL k " Tmdepnte Investment]+'E '± Invest eat Settle Date Currencyp§` j Cn en n ecti, e + -a. ' ;� _ o `fit r` pCostC,g" Gain - ->1 AinounF y Colt°g Ii {Cod_ Settle EQ a ]fares/Par?s I se ,,� Base ' Bas, „?I", yj I` Base `yBase.; ILE INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC to:91282SWUO SD 6/15/2015 624.000 0.00 624.00 0.00 0.00 0.00 UGo OCSM7522202 OCS LONG CHANDLER 1113 INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:912828TE0 SD 6/16/2015 224.000 DAM 224.00 0.00 0.00 0.00 0.00 OCSM7522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CH INFLAT SEC ID:912828WUO SD 6/16/2015 728.000 0.00 728.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:912828TM SD 6/17/2015 224.000 0.00 224.00 0.00 0.00 0.00 0.00 OCSM7522202 OCS LONG CHANDLER 1113 INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:91282SWUO SD 6/17/2015 728.000 0.00 728.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:912828TEO SD 6/18/2015 224.000 0.00 224.00 0.00 0.00 0.00 0.00 OCSM7522202 OCS LONG CHANDLER IM INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:912828WUO SD 6/18/2015 728.000 0.00 728.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER LLB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:91282STM SD 6/19/2015 672.000 0.00 672.00 0.00 0.00 0.00 0.00 OCSF07522202 DEB TANG CHANDLER LLB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:91282MUO SD 6/19/2015 2,080.000 0.00 2,080.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:912828TEO SD 6/22/2015 224.000 0.00 224.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER ILB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:91282SWUO SD 6/22/2015 728.000 0.00 728.00 0.00 0.00 0.00 0.00 OCSF07522202 OCS LONG CHANDLER 7/13/2015 6:16:55PM EDT 3 "Pending Settlement Workbench "�► Transaction Report Report ID: T88068 BNY ME L.I.ON Base currency: URD OCsncmvs01eunTED -Ocsc00010000 6/1/2015 - 6/30/2015 Status: FOAL l t * '1 Trade t n estmenty'"�1+"^!:' a esgrtleatl+y Settle Date`Y ¢STrasP,� Effec the>Date a t N r y" °re 1�Cost" �+ �n t pmoun !Code,Settle Date Stiares)Par : II.Il INl [,A I ION AltllJ';I%I Yl I If 11I I LAS I'I'I INI'I.A'I r' III: +I 1 1X IA'H'I I, i:,rll:, ,)111110 0.00 224.00 0.00 0.00 0.00 0.00 iti (' U123dp2 01l,J l,N(1(,InNouGH II,II IM 1,AIION AD LS1'm19N'ns us 1N19A5 CI'I INFLAT lu oI P'Ii"AMuo sn o/,:I" u. 024.000 0.00 624.00 0.00 0.00 0.00 0.00 111:r(IYSJ.G zv2 Oc:, 11 N(1 cI IANULER ILB INI'1A I JI M Auduti l'MP:N"I!: us'1'III:ASCH INFLAT SEC I11_11121"11'1 11 SD r./.:I/2uu, I1u00 0.00 224.00 0.00 0.00 0.00 0.00 u1 ' 10, Jlzut nCN 6nNll ('1 In NUIS:I: ILB III A"fwN AIMM,1'.1 I's uS'I RI A9, 1H m'IA,AT SEC II 1: "I_nI !lwuo SD 1_+x uoo 0.00 728.00 0.00 0.00 0.00 0.00 0(''<l 0"/!i'DIll I of:; I ONO t'IIAN'In rzh ILII INI I.A'I'ION AUJIIa I MliN'I'S us'I'l:I As ('PI INFLAT 'M IIJ: '1I lI1011 lll911 ..I, h�I"1s01I, :1'- 0110 0.00 224.00 0.00 0.00 0.00 0.00 )(T:J IliiJ 1111) 1 1 '611111 l ANUI.I':k IINII A'IION AUJII:,l MI N'IV II::'fIM A', ( H 161+LAT suII)-"1 J,t1211 W OU hi,:d211I:, ➢1H000 0.00 728.00 0.00 0.00 0.00 0.00 IN J (11' V'I" O[':: I INO 111ANI11l:H ILB III'IAl ION AIL1 F11Nl m'Iti I", I1:l AR ('PI INfLAT SEC II): "1'"1 Il l f 11 BD "1:=000 0.00 672.00 0.00 0.00 0.00 0.00 ILE IM I AIION AIMIJ) IMP:N'I'S US PI As ('I'I tnl9.AT SEC I II.a LiR"IM, Sri ,,,)III; 2,Ili","I'll 0.00 2,080.00 0.00 0.00 0.00 0.00 ur.s wII',' m2 OCS LONG CIA vn LIOIt [I it I N NI A[ON IIJI J ,I MISNTS US TFI:Ati (I I I I FLAT 11 C1 I11 a 1_'.e Jlil1 I'll Ni �Ill': 'I'll000 0.00 224.00 0.00 0.00 0.00 0.00 I V YI'cI U^'o2 I A N LON(t I I1ANulBlt ILB IN] I A uN An.nls'I Nll NIn, us'I1:I As.CPI INFLAT SEC 11) "1axlxwuu BD I,"1,'01 / N000 0.00 728.00 0.00 0.00 0.00 0.00 1 11 R1Y1L ,1,111 01 , I(INII ('IIAN111I P ILB INI'IJCnuN III llUF'I'?AFAN' (15TNI"AN ('PI INFI.AT SEC lu: 11 IX Ii,II 1[0 SD 1, J01201& I.:n 1100 0.00 224.00 0.00 0.00 0.00 0.00 Ill 9II /',]12202 OCB LONG CIANOU'Al 711312015 6:16-SSPM F.OT 4 •Pending Settlement Workbench Transaction Report Report 11): TX6355 BNY MELLON Base Currency: USD OCSD CONSOLIDATED -OCSGBBo10000 6/1/2015 - 6/30/2015 Status: FINAL '3 dF Dae sAl vgs ent v'"fitmei2 r Sgttle9ate 'cy�. dunt1 ;, mounts <( `ost � Coe gt _ a :. hare /P Ba a r* .� Ba§�,, ae s{, BasBase': a .BBe ILB INFLATION ADJUSTMENTS US TREAS-CPI INFLAT SEC ID:91282SWUO BD 6/30/2015 728.000 0.00 728.00 000 0,00 0.00 0.00 OCSM7522202 OCS TANG CHANDLER TOTAL U.B.DOLLAR: 0.00 29,464.00 0.00 0.00 0.00 0.00 0.001 0.00 T 0.00 C 0.005 TOTAL MISCELLANEOUS INCOME: 0.00 29,464.00 0.00 0.00 0.00 0.00 0.001 0.00 T 0.00 C 0.008 DISTRIBUTION TO PLAN ADMINI8TRATOR U.S.DOLLAR MONEY TRANSFER DEBIT ORANGE COUNTY SANITATION CW 6/10/2015 0.000 -14,600,000.00 0.00 0.00 -14,600,000.00 ONO 0.00 OCSFD7511302 OCS LIQ OP CHANDLER ORANGE COUNTY SANITATION CW 6/24/2015 0.000 -25,000,000.00 0.00 0.00 -25,000,000.00 0.00 0.00 OCSM7511102 OCS WQ OP CHANDLER TOTAL U.S.DOLLAR: -S9,600,000.00 0.00 0.00 -39,600,000.00 0.00 0.00 0.001 0.00 T 0.00 C 0.00 S TOTAL DISTRIBUTION TO PLAN -39,600,000.00 0.00 0.00 -39,600,000.00 0.00 0.00 ADMINISTRATOR: 0.001 0.00 T 0.00 C 0.00 S TOTAL RECEIPTS AND DISBURSEMENT -39,600,000.00 29,464.00 0.00 49,600,000.00 0.00 0.00 TRANSACTIONS: 0.001 0.00 T 0.00 C 0.008 PURCHASES CASH Be CASH EQUIVALENTS U.S.DOLLAR BANK TOYKO-MITSUB DISC 10/27/2015 SEC ID:06538CXT3 B 6/26/2015 7,500,000.000 -7,492,500.00 7,492,500.00 0.00 -7,492,500.00 0.00 0Do 6/29/2015 OCSF07522202 OCS LONG CHANDLER 711312015 6:16:55PM EDT 5 *Pendia,Settlanent Workbench >- Transaction Report Sell ID: TX8355 BNY MELLON Base Currency: USD OCSD40MOLFOATBD -006000010000 6/1/2016 - 6/30/2015 Statue: FINAL B 6/26/2015 1,000,000mo -999,000.00 999,000.00 0.00 .999,000.00 0.00 0.00 6/29/2015 OCSF07511102 OCS LIQ OP CHANDLER .8,491,500.00 8,491,600.00 0.00 .8,491,500.00 0.00 0.00 0.001 0.00 T 0.00 0 0.008 BNY MFLIfIN CASH RESERVE 0.010%12/31/2049 DD 06/26/97 SEC ID:0000n70o4 B znl71 2,233.330 .2,233.33 2.233.33 0.00 -2,233.33 0.00 0.00 o/I:,l'ols otsru i.e2202 OCS LONG CHANDLER B 2,233.330 -2,738.33 2,733.33 0.00 -2,233.33 0.00 0.00 Ir; /2u ut's lro i:a'.202 OCS LONG CHANDLER -4,466.66 4,466.66 0.00 4,4611 0.00 0.00 0.001 0.00 T 0.00 C 0.008 wl Yt I s.'l o-:n ,m AOY CSH CSH MO VAR RT 12/31/2049 DD 04/09/97 vrv:,' III aold,n;,n 9,67,761).800 .267,769.80 267,769.80 0.00 .267,769.80 0.00 0.00 ur1:POT.:u1202 OCS WN(; UNNEP n n 1an I00 o -69.10 69.10 0.00 -69.10 0.00 0.00 11102 OCS LIQ OP CI 1 AT11 ±K ,N_110 -78.11 78.11 0.00 -78.11 0.00 0.00 a/sou, OCSI Ili):1202 OCS ill fV,1 1'.11nNII AR I. L/.I' c, I,uon,on 0,OOOAO 11000 -3,000,000.00 3,000,000.00 0.00 -3,00 0.00 0.00 to uCSPu/LI1102 OCS LIp UI•nll n,Vnl P:h' n 1,.^.;11.0100 -4,260.00 4,260.00 0.00 -4,250.00 0.00 0.00 toe1 11102 OCS LIQ OPCIln Nn6ER 33,r., W20 -33,570.02 33,570.02 0.00 -33,570.02 0.00 0.00 e/cl:ars u, :a o'E...002 OCS LONG CI iANn1.ER u o/ry:•u l:. 3:esn.000 -3,250.00 3,260.00 0.00 -3,260.00 0.00 0.00 a<'sa17:111102 OCS LIQ OF OIIANIAXR 2,',1i050 -2,235.95 2,235.95 0.00 -2,235.95 0.00 0.00 n/Gnu. u,',Y6m1:11202 OCS LOW, i I AN1J1.LR I. 1 00.000 -37,500.00 37,500.00 0.00 .37,500.00 0.00 0.00 1/ao c. n, Gl W,1,11uv ''1 I,nn,', UiANDLER 6 "Pending Settlement WorkbenoA ya Transaction Report Report ID: TX8355 DNV MELLON Base Currency: USD OCSD CONSOLIDATED OCSGOOOIOOOO 6/1/2015 - 6/30/2015 stt." ecxAL ttle eDatb,6' Gun OS OBaS, ,_Base * 6/11/2015 242,652.890 -242,652.89 242,652.89 coo -242,652.89 0.00 000 6/11/2015 OCSM7522202 OCS LONG CHANDLER * 6/15/2015 5,011,250.000 -5,011,250.00 5,011,250.00 0.00 -5,011,250.00 0.00 0.00 6/15/2015 OCSn7511102 OCS UQ OP CHANDLER * 6/15/2015 37,335.650 -37,335.65 37,335.65 0.00 -37,335.65 0.00 0.00 6/15/2015 OCSM7522202 OCS LONG CHANDLER * 6/16/2015 5,000.000.000 -5,00%Om.00 5,M0,000.00 0.00 -5,000,000.00 GOO 0.00 6/16/2015 OCSF07511102 OCS LIQ OP CHANDLER * 6/16/2015 3.743.020 -3,743.02 3,743.02 0.00 -3,743.02 0.00 0.00 6/16/2015 OCSn7522202 OCS LONG CHANDLER * 6/18/2015 1,283.330 -1,283.33 1,283.33 0.00 -1,2M.33 0.00 0.00 6/18/2015 OCSF07522202 OCS WNG CHANDLER * 6/19/2015 2,000,000.000 -2,000,000.00 2,000,000.GO O.W -2,000,000.00 0.00 OM 6119/2015 OCSM7511102 OCS LIQ OP CHANDLER * 6/19/2015 3,750.000 -3,750.00 3,750.00 0.00 -3,750.00 0.00 0.00 6/19/2015 OCSM522202 OCS LONG CHANDLER * 6/22/2015 8,220.020 -8,220.02 8,220.02 0.00 -8,220.02 0.00 0.00 6/22/2015 OCS"7522202 OCS LONG CHANDLER * 6/23/2015 2,005,000OW -2,005,000.00 2,005,000.00 0.00 -2,005,000.00 0.00 GOO 6/23/2015 OCSFN511102 OCS LIQ OP CHANDLER * 6/25/2015 99,557.700 -99,557.70 99,557.70 0.00 -99,557.70 0.00 0.00 6/25/2015 OCSM7522202 OCS LONG CHANDLER * 6/26/2015 1,001,750.000 -1,004,7M.00 1,001,750.00 0.00 -1,004,7M.00 0.00 0.00 6/26/2015 OC3 511102 OCS LIQ OP CHANDLER * 6/26/2015 5,467.860 -5,467.86 5,467.86 GOO -5,46TS6 0.00 0.00 6/26/2015 OCSn7522202 OCS LONG CHANDLER * 6/29/2015 1,000,000 -1,000.00 1,000.00 O.W -1,000.00 0.00 0.00 6/29/2015 OCSF07511102 OCS LIQ OP CHANDLER * 6/29/2015 36,776.050 -36,776.05 36,776.05 0.00 -36,776.05 0.00 0.00 6/29/2015 OCSM7522202 OCS LONG CHANDLER 711312015 6.16.-55PM EDT 7 Pnnfflng Settlement Workbench �! Transaction Report Report ID: TX8355 BNY MELLON Base Currency: USD OCSD-0ONSOLIDATED -OCSG00010000 6/1/2015 - 6/30/2015 Status: FINAL 'hadegDake ro Inveatment '. .3, ,' I` noes entts :w 'Sewktle Date S Curte"hcy"` Cu x'` ffecki ate { /1nt'ov> b 9 ; Cash « a$1Gain ss` ` �' mount `3�r4 �C stt, i rCR, a etHe}Dat¢, ni hare8/Par 2 + ,�., '8as,� -. .gy, Base s•s . _ , ''N $a§8 .,Dase 'Ls°,.. �5se, , H 6/30/2015 429,812.500 -429,812.50 429,81250 0.00 -429,812.50 0.00 000 6/30/2015 OCSF07522202 OCS LONG CHANDLER -19,239,322.00 19,239,322.00 0.00 -19,239,322.00 0.00 0.00 0.00 1 0.00 T 0.00 C 0.00 S TOTAL SETTLED U.B.DOLLAR: -27,735,288.66 27,735,288.66 0.00 -27,735,288.66 0.00 0.00 0.001 0.00 T 0.00 C O.00 S TOTAL SETTLED CASH&CASE -27,735,238.66 27,735,298.66 0.00 -27,735,289.66 0.00 0.00 EQUIVALENTS: 0.001 0.00 T 0.00 C (LOON FIXED INCOME SECURITIES U.B.DOLLAR FEDERAL HOME LN MM CORP 0.750%07/14/2017 DO 05/29/15 SECID:3137EADV8 B 6/25/2015 10,wo,p .000 -9,988,500.00 9,988,500.00 0.00 -9,988,500.00 0.00 0.00 6/26/2015 OCSFU7522202 OCS LONG CHANDLER FEDERALNATLMTGASSN 1.375%11/15/2016DD10/20/11 SEC ID:3135GOES8 B 6/11/2015 4,000,000.000 4,044,200.00 4,044,200.00 0.00 4,044,200.00 0.00 0.00 6/12/2015 OC13FU7522202 OCR LONG CHANDLER HOME DEPOT INC/THE 5.400%03/01/2016 DO 03/24/06 SEC ID:437076AP7 B 6/25/2015 I'M0,000.000 -1,032,590.00 1,032,590.00 0.00 -1,032,590.00 0.00 0.00 6/30/2015 OCSF07511102 OCS DQ OP CHANDLER INTER-AMERICANDEVELOPMENTBAN LODU%07/14/2017DD04/30/14 SEC ID:4581XOCGI B 6/22/201S 5,000,000.000 -5,019,550.00 5,019,550.00 0.00 -5,019,5M.00 0.00 0.00 6/23/2015 OCSF07522202 OCS LONG CHANDLER PRAXAIR INC 0.750%02/21/2016 DO 02/21/13 SEC ID:740 SMM B 6/25/2015 1,000,000.000 -1,001,530.00 1,001,530.00 0.00 -1,001,530.00 0.00 0.00 6/30/2015 OCSF07511102 OCR UQ OP CHANDLER 711312015 6:16:55PM EDT 8 'Nauling Settlement Workbench >- Transaction Report Report to: TX8355 BNY MELLON ease Currency: USD OCSD-CONSOLIDATED OC8000010000 6/1/2015 - 6/30/2015 Statue: FINAL " . WWI, r 1 ..:.,, RkG'K ai n i "e"" ut 9ettlafiDatel:� . tlrk 0.., o ekl .I� S',- :. r a,se t TOTAL SETTLED U.S.DOLLAR: .21,086,370.00 21,086,370.00 0.00 -21,086,370.00 0.00 0.00 0.001 0.00 T 0.00 C O.00 S TOTAL SETTLED FIXED INCOME -21,086,370.00 21,086,370.00 0.00 -21,086,370.00 0.00 0.00 SECURITIES: 0.00 1 0.00 T 0.00 C BOOS TOTAL SETTLED PURCHASES: -48,821,658.66 48,921,658.66 0.00 -48,821,658.66 0.00 BOB 0.001 0.00 T 0.00 C 0.008 BALES CASH b CASH EQUIVALENTS U.S.DOLLAR BNY MELLON CASH RESERVE 0.010%12/31/2049 DO 06/26/97 SEC ID:996087094 S 6/16/2015 .2,233.330 2,233.33 .2,233.33 0.00 2,233.33 0.00 0.00 6/16/2015 OCSF07522202 OCS TANG CHANDLER S 6/25/2015 -2,233.330 2,233.33 -2,233.33 0.00 2,233.33 0.00 0.00 6/25/2015 OCSF07522202 OCS LONG CHANDLER 4,466.66 -4,466.66 0.00 4,466.66 0.00 0.00 0.001 0.00 T 0.00 C 0.00 S DREYFUS TREAS&AGY CSH CSH MG VAR RT 12/31/2049 DO 04/09/97 SEC ID:996085247 S 6/10/2015 .4,600,000.000 4,600,000.00 -4,600,000.00 0.00 4,600,000.00 OAO 0.00 6/10/2015 OCSF07611102 OCS LIQ OP CHANDLER S 6/12/2015 .41,123.730 41,123.73 41,123.73 0.00 41,123.73 0.00 0.00 6/12/2015 OCSF07522202 OCS LONG CHANDLER S 6/23/2015 -928,249,470 928,249.47 -928,249.47 0.00 928,249R7 0.00 0.00 6/23/2015 OCSF07522202 OCS LONG CHANDLER S 6/24/2025 .9,881,30OD00 9,881,30aw -9,881,300.00 0.00 9,881,300.00 0.00 0.00 6/24/2015 OCSF07511102 OCS LIQ OP CHANDLER S 6/30/2015 .2,054,667.500 2,054,657.50 -2,054,657.50 0.00 2,054,657.50 0.00 0.00 6/30/2015 OCSF07SI 1102 OCS LIQ OF CHANDLER 711312015 6:16:SSPM EDT 9 'Pending Settlement Workbench >- Transaction Report Repoli ID: TX$355 ENY MELLON B. OCRID COASOIJDATMRD -OCS1100010000 6/1/2015 - 6/30/2015 ci WOO oSettlelDla �' l 2 6 Tre F, k.Tra th *gI.i,.A6iwt NOUN-, �IRL, 17,505,330.70 17,505,330.70 0.00 17,505,330.70 0.00 0.00 000, 0.00 T 00.1 O.00S TOTAL SETTLED U.S. DOLLAR: 17,509,797.36 -17,509,797.36 0.00 17,509,797.36 0,00 0.00 0.001 0.00 T 0.00 C DOD TOTAI,SETTLED CASH&CASH 17,509,797.36 -17,509,797.36 0.00 17,609,797.36 0.00 0.00 EQUIVALENTS: 0.001 0.00 T 0.00 C 0.00S Film Wcouls SECURITIES U.S.DOL164kk MASSACHUSETTS ST PORT AUTH FAC 6.202%07/01/2031 DD 06/15/11 SEC ID:575898CS8 S 6/8/2015 -200.OD000O 237,140.00 -200.000.00 37,140.00 237,140.00 0.00 0.00 6/11/2015 37,20.001 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 c 0G0S US TREASURY NOTE 0.375%11/15/2015DD11/15/12 SECID:912828M S 6/22/2015 -500.000.000 500,623.33 SDO.704.80 .81.47 500,623.33 0.00 0.00 6/23/2015 -81.471 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 C 0.008 U S TREASURY NOTE 0.500%02/28/2017 DD 02/28/15 SEC ID:912828335 8 6/25/2015 -10.000,000.000 9.983.560.25 -9,987.924.13 4,363.88 9,983,560.25 0.00 0.00 6126/2015 4,363.831 0.00 T OCEFO7522202 OCS LONG CHANDLER 0.00 C 0.003 U S TREASURY NOTE 0.500%08/31/2016 Do 08/31/14 SEC ID,92282SD64 S 6/11/2015 4.000,000.000 4,001,549.10 -3,999.218.75 2.330.35 4,001,549.10 0.00 0.00 6/12/2015 2.330.351 0.00 T 0CSF07522202 OCS LONG CHANDLER 0.00 C 0.009 s 6/22/2015 -3,600.000.000 3,603,784.82 -3,599,296.88 4,487.94 3,603,784.82 0.00 0.00 6/23/2015 4.487.941 0.00 T OCSF07522202 OCS LDNG CHANDLER 0.00 C 0GOS 7,605,333.92 -7,598,615.63 6,81829 7,605,333.92 0.00 0.00 6.818.291 0.00 T 0.00 C 0.006 TOTAL SETTLED U.S. DOLLAR: 18,326,657.50 .18,287,144.56 39,512.94 18,326,657.50 0.00 0.00 39,512.941 0.00 T 0.00 c 0.00 a 7/13/2015 6-16.55PW &Dr 10 •Pending Settlement WbrBAencA t4s Transaction Report Report ID: TX5355 SNY MELLON Ouse Currency: USD OCSD CONSOLIDATED -OC8000OI0000 6/1/2015 - 6/30/2015 Statue' FINAL 96t NIOEM t f17e; TOTAL SETTLED FIXED INCOME 18,326,657.50 -19,287,144.56 39,512.94 18,326,657.50 0.00 0.00 SECURITIES: 39,512.941 0.00 T 0.00 C 0.00 S TOTAL SETTLED SALES: 35,836,454.86 .35,796,941.92 39,512.94 35,836,454.86 0.00 0.00 39,512.941 0.00 T 0.00 C 0.00 S PRINCIPAL PAYMENTS FIXED INCOME SECURITIES U.S. DOLLAR FHLMC POOL#78-6064 VAR RT 01/01/2028 DD 12/01/97 SEC ID:31348SWZ3 PC 5/1/2015 .15.580 15.58 0.00 0.00 15.58 0.00 0.00 6/15/2015 OCSP07522202 OC91,0W CI In NIIIAIIt • PD 6/1/2015 IW 0 16.51 .16.11 0.40 0.00 0.00 0.00 6/1/2015 0.40 1 0.00 T OCSF07522202 OCS LONG II If,ul Ail; 0.00 C 0.008 15.58 0.00 0.00 15.58 0.00 0.00 0.001 0.00 T 0.00 c 0.008 FHLMI muI 111 LASS MTO 582A 6.5011 1111,' ,/2043 DD 09/01/03 SEC I I i S I t119n'-15 Po e/I/ .o1 �1,ic n:�0 9,772.82 -11,067.72 .1,294.90 9,772.82 0.00 0.00 :.:'001 5 -1,294.90 1 0.00 T 'I d1 W1 il,`.,2202 OCS LONG Cl[ANI I A:Ju 0.00 C O.00 S FI ILMr mu 1 11( ASS MTO E3 A VAR H-r 08/15/2032 DO 12/01/97 195 "XI I S00 2,841.80 -2,844.77 -2.97 2,841.80 0.00 0.00 1015 -2.97 1 0.00 T urso-11, c )0_:, III sLONp ( HANMZIR 0.000 O.00S FNMA r,1111, C11e,1I90 gsuu/na/01 Y?n26 DD 03/O]/OB SECID 13, 1Nt.c7 PD WI/zuI . , rtv:.M(l 2.909.84 -3,077.44 -167.60 2,909.84 0.00 0.00 "s;:/4o15 -167.601 0.00 T ( nc'Sr1Yl:;9'd202 OCS LONG CI IAN UI,P:N 0.00 C 0.00 S I+NMI, runs-n0M,79695.000s.uo/uI/ 1035 DD 09/01/05 L I 1 11 r s 11]bIt r22 1-u 1,/1/tu13 ;.Z1, .930 5,732.53 -6,162.47 .429.94 5,732.53 0.00 0.00 /pans .429.941 0.00 T r , - IO, I 1s I(1N1 I e 1nN1)1 I[; 0.000 0.00E lmmn ":u1. Culf,(, W : 1001, 11101/11020 [:I) Il/Ol/10 r/I'V2oic 6:I1,2,8M EDT ii 'Pending Settlement Workbench Transaction Report Report ID: TX8355 BNY MELLON Base Currency: USD OCSD CGNSOUBATED -OCSG00010000 6/1/2015 - 6/30/2015 Status: FINAL to investments "Investment: ,� Sett e_Date < ; Guaen t ettcet iv ate e„afSha sea��r t ex `BA�-nylat. , z z ^ X5 C44YinLoss: lxnvunt ,v `Gl8ase slim ? s ; PD 6/1/2015 562.060 56205 -54990 12.16 56206 0.00 0.00 6/25/2015 12.161 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 C 0.00 S FNMA POOL#0745580 5.000%06/01/2036DD05/01/06 SEC ID:31403DJn PD 6/l/2015 -5,399.830 5,399.83 -5,804,89, - 0 .99 5,399.83 0.00 0.00 6/25/2015 -404.991 0.00 T OCSF0752M02 OCS LONG CHANDLER 0.00 C 0.00 S FNMA POOL#0748678 5.000%10/01/2033 DO 10/01/03 SEC ID:31403GXF4 PD 6/l/2015 -26.780 26.78 -28.79 -2.01 26.78 0.00 0.00 6/25/2015 -2.01 I 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 C Boos FNMA MOL90815971 5.000%03/01/2035DD03/01/05 SEC ID:31406PQY8 PD 6/1/2015 -5,084.410 5,084.41 -5,465.74 -381.33 5,084.41 0.00 0.00 6/25/2015 -381.331 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 C 0.00 S FNMA POOL#0823358 VAR RT 02/01/2035 DO M/01/05 SEC ID:31406X 5 PD 6/l/2015 -3,242.MO 3,242.M -3,216.71 25.33 3,M2.04 0.00 0.00 6/25/2015 25.331 0.00 T OCSM7522202 OCS LONG CHANDLER 0.00 C 0.00 S FNMA POOL#0826080 5.000%07/01/2035 DD 06/01/05 SEC ID:314D7EXN7 PD 6/l/2015 -991.960 991.96 -1,066.36 -74.40 991.96 0.00 0.00 6/25/2015 -74.401 0.00 T OCSFU7522202 OCS TANG CHANDLER 0.00 C 0.00 S FNMA POOL#0888336 5.000%07/01/2036 DO 041011W SEC ID:31410F4V4 PD 6/1/2015 -12,217.020 12,217.02 -13,133.30 -916.28 12,217.02 0.00 0.00 6/25/2015 -916.281 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 C 0.008 FNMA POOL#0AL0869 4.500%06/01/2029DD09/01/11 SEC ID:3138EG6F6 PD 6/l/2015 -953.240 953.24 -1,008.14 -54.90 953.24 0.00 0.00 6/25/2015 -54.901 0.00 T OCSM7522202 OCS TANG CHANDLER 0.00 C 0.00 S FNMA POOL#OMA0022 4.500%04/01/2029DD03/01/M SEC ID:31417YAY3 PD 6/l/2015 -1,630,930 1,630.93 -1,724.87 -93.94 1,630.93 0.00 0.00 6/25/2015 -93.941 0.00 T OCSF07522202 OCS LONG CHANDLER 0.00 C 0.00 S FNMA GM REM1C P/T 07-114 A6 VAR RT 10/27/2037 DO 11/30/07 SEC ID:31396X3Q5 711312015 6:16:55PM EDT 12 "Pending Settlement Workber h o.,. Report ID: TX8355 Transaction Report R N v M I L l.O N Base Currency: LNG aCsnCONSOl -acsce00.10000 6/1/2015 - 6/30/2015 Status: FINAL Tndel:Date noes C y 'J tmen 9etCle Date '�t'"N 0 e 6 ",1 P '' 1�, .I. X yf , , .. CI EHectivN'Atc Amount (Co a settic;Date rv� SN:irUs/Par ?a�9'kl�, Basc 4t - 4(1 Basel yl, a6o a i PO s/ta/sou; e,�lnv=u g613.95 6.296.09 322,66 6,618.75 0.00 0.00 322.661 0.130 T II: scnc.z"nz u(s LIINC c I I A N nLFIR 0.00C 0.008 FNMA r,111 IRI A11 Pall :1AIARI.r I ,I/25/2041 DD O1/25/11 SEC IM :I1 a9aplu I PD o �, 1],934.200 17,734.20 -17,728.66 5.54 17,734.20 0.00 0.00 /'. h',J ... )ti 0.54 1 0.00 T rsNu'cr"a'In. u, s 1<INn rlln NULER O.000 0.008 GNMA(1/I'11 ]'I MIC [', 1 00 a YII IAI P1 02/16/2030 SGC 11) . I n a"NX'J PD o/11/[01 1,17a.040 1,478.04 4,478.04 0.00 1,478.04 0.00 0.00 nn„/vnn: nIE 1111 "('' ors u/m'. r'11ANMLER GNMA n rnul.arl0nuo): VAP I r I 'I A),2026 DD 12/01/96 SEC 11) : :S/'AXII PD :,/I/sM , r113 650 203.65 -207.02 .3.37 203.65 0.00 0.00 '.z/ 1W -3.371 0.00 T ucslmra.%sot'. ur'S LONG rnAN nI-ER 0.00c 0.008 GNMA I: I uul.noor:nsa:,I MR I:r ud/:a//'2030 DD 04/01/00 SEC 11, trt'P"('NM1 PD e/II'A1 114.250 414.25 410.50 3.75 414.25 0.00 0.00 375 1 0.00 T 1)1 l,I .1: 202 OC3 LONG CHIANu1,ER 0.00C 0.008 9NMA a ruu1. nuu4190 5 VAR RT 07/)u/2034 DD 07/O1/04 fI C IM 3o:'.JAMC.1 8 IUD WIjzol:, -IWO440 1,699.44 -1,698.38 1.06 1,699.44 0.00 0.00 o/za/::o r, 1.061 0.00T 11:'::ro'c.1t-111z nc,],)Nn I I IANn1,ER OAOC 0.008 GNMA 1110111 11108MI nM VAJ:I:r 11o/::a/2027 DD 06/01/97 SEC I,, 3n:Y;I 11 PD r,/I/gMP, :1113.030 283.03 -289.22 .6.19 283.03 0.00 0.00 -6,191 0.00 T v"511), 2,'202 0CS LONG CI IANu1.IOR 0.00 c 0,00 8 IINMA a ruin.x1080408X VAR RT OS/21)/"a is U❑05/01/00 JoaasCN-N 1,581.46 -1,565.40 16.06 1,581.46 OAO 0.00 1./tz/zun 16.061 0.00T Ill '!IW Ill A ulNI rIIANI)1.F.1: 0.00C 0.008 Nt1UA nu ANAN n'.I:M N()I I r¢r I n 1.1,00%, 10/29/2020 DD 11/10/10 SEC I I 1 1, W5I,AnA I PDC I//'(W, -Ill,/51.930 -40,751.93 40,856.99 106.06 -40,751.93 0.00 0.00 /s 1/4o1S 105.061 0.00T a< ' ;I0, su�' 111 11 1111'111ANDTAIR 0.00C 0.008 PD /'.'.v/aa u: aa.an'iAs0 42,987.86 -43,098.71 -110.83 42,987.88 Me 0.00 -110.83 1 0.00 T UG51+07522302 H::;LOAa CNANULER 0.00 C 0.00 S 711312015 5:I6:1 dW P;DT 1s •Pending Settlement Workbench �0. Transaction Report Repo"TX8355 BNY MELLON ease CurOCSDCONSOLIDATED -OCS G00010000 6/1/2015 - 6/30/2015 Sffecti } afefi , ens ,�t# CurrGaettle bat hares/Par a t=�. ' a'de„'�„ �8$�se;;y , eNk Base,l. ,,,,;,, �Pl) 6/27/2016 -22,413.410 22,413.47 -22,471.25 57.7E 22,113.47 0,00 0.00 6/29/2015 -57.78 1 0.00 T OCSF0752MO2 COS TANG CHANDLER 0001 0.00 S 24,649.42 -24,712.97 -63.55 24,649.42 0.00 0.00 -63.55 1 O.DO T 0.00 C 0.00 E NCUA GUARANTEED NOTES TR R2 IA VAR RT 11/06/2017 DO 11/17/10 SEC ID:6288BUAA8 PD 6/5/2015 -11,227.660 11,227.66 -11,227.61 0.05 11,227,66 0.00 0.00 6/5/2015 0.051 0.00 T OCSF07522202 COS TANG CHANDLER 0.00 C 0.00 S SOUNDVIEW HOME LOAN TR OPT3 A4 VAR RT 11/25/203S DD 09/30/05 SEC ID:83611MG81 PD 6/25/2015 -12,275.450 12,275.45 -10,836.92 1,438.53 12,275.45 0.00 0.00 6/25/2015 1.438.531 0.00 T OCSF07522202 OCS WNG CHANDLER 0.00 C 0.00 S TOTAL SETTLED U.B.DOLLAR: 129,546.19 -131,601.84 -2,071.23 129,546.19 0.00 0.00 -2,071.23 1 0.00 T 0.00 c 0.00 R TOTAL SETTLED FIXED INCOME 129,546.19 -131,601.84 -2,071.2E 129,546.19 0.00 0.00 SECURITIES: -2,071.231 0.00 T 0.00 C 0.008 TOTAL SETTLED PRINCIPAL PAYMENTS: 129,546.19 -131,601.84 -2,071.23 129,546.19 0.00 0.00 .2,071.231 0.00 T 0.00 c 0.005 MATURITIES CASH Is CASH EQVIV L NTS U.B.DOLLAR BANK TOKYO-MITSUB DISC 06/24/2015 SEC ID:06538CTQ4 MT 6/24/2015 -2,000,000.000 1,999,311.10 -1,999,311.10 0.00 1,999,311.10 0.00 0.00 OCSF07511102 OCS MQ OF CHANDLER DANK TOKYO-MITSUB DISC 06/29/2015 SEC ID:06538CTV3 MT 6/29/2015 -7,500,000.000 7,490,937.53 -7,490,937.53 0.00 7,490,937.53 0.00 0.00 OCSF07522202 OCS LONG CHANDLER MT 6/29/2015 -I,OOg000.000 999,020.00 -999,020.00 0.00 999,02000 0.00 0.00 OCSF07511102 OCS LIQ OP CHANDLER 711312015 616:55PM BDT 14 'Pending Settlement Wmrkbamh Transaction Report Report ID: TX8355 BNY MELLON Base Currency: USW OCSD COMOUDATED OCSG00010000 6/1/2015 6/30/2015 Status: FINAL 34te 'n.0 Inv stjnSnt ,�� miestirx,'ent�?i � 8 W 'Dates. -4, -,'�-,.Curr'e 'e I I OR AmouIljft S as i Ww RIM, 8,489,957.53 -8,489,957.53 0.00 8,489,957.53 0.00 0.00 0.001 0.00 T 0.00 C 0.00 S EXXON WIRE DISC 06/15/2015 SEC ID 30229BTF4 MT 6/15/2015 -3,000,000.000 2,999,646.67 -2,999,646.67 0.00 2,999,M6.67 0.00 0,00 OCSM7511102 OCS LIQ OP CHANDLER FEDERAL HOME LN BK CONS DISC 0.000%06/2412015 DO 06/24/14 SEC ID:313384HO7 NIT 6/2412015 -10,000,000m0 9,998,794.40 -9,998,794.40 0.00 9,998,794.40 0.00 0.00 Oc3F07511102 OCS LIQ OPCHANDLER FEDERAL HOME LN MTG,CORP DISC 0.000%06/19/2015 DO 06/19/201 SEC ID:313396HB2 MT 6/19/2015 -2,000,000.000 1,999,714.72 -1,999,714.72 0.00 1,999,714.72 0.00 0.00 OCSF()7511102 OCS LIQ OP CHANDLER FEDERAL NAM MTG ASSN DISC 0.000%06/16/2015 DD D6/23/201 SEC ID:313588GY5 MT 6/16/2015 -5,0m,000.000 4,999,640.95 -4,999,640.95 0.00 4,999,640.95 0.00 0.00 OCSF0751 1102 OCS UQ Or CHANDLER FEDERAL NATL MTG ASSN DISC MAT 06/10/2015 SEC ID:31358EGS8 NIT 6/10/2015 -10,000,000.000 9,999,343.10 -9,999,343.10 0.00 9,999,343.10 0.00 0.00 OCSM7511102 OCS UQ OP CHANDLER HSBC AMERICAS INC DISC 06103/2015 SEC ID:40427ST33 My 6/3/2015 -3,000,000.000 2,999,470.42 -2,999,470.42 0.00 2,999,470.42 0.00 0.00 0C 3F 511102 OCS UQ Or CHANDLER TOYOTA MTIZ CR CP DISC 06/24/2016 SEC ID:89233HTQ7 MT 6/24/2015 -2,000,000.000 1,999,690.00 -1,999,690.00 Om 1,999,690.00 0.00 0.00 OCSF()7511102 OCS LIQ OP CHANDLER TOTAL U.S.DOLLAR: 46,485,568.89 -45,485,668.89 0.00 45.485,568.89 0.00 0.00 0.001 0.00 T 0.00 C O.00S TOTAL CASH&CASH EQMAIEff": 45,485,568.$9 -45,495,568.99 0.00 45,465,568.89 0.00 0.00 0.001 0.00 T 0.00 C 0.008 ]PMED INCOME SECUFUnBS U.S.DOLLAR CATZRPe,LAR INC 0.950%06/26/2015 DD 06/26/12 SEC ID: 149123BY6 7/13/2015 6.16.55PM EDT 15 Pending Settlernent Workbench �® Transaction Report Report ID: TX8355 BNY MELLON Base Currency: USD OCSD.CONS=L TED -OCSG00010000 6/1/2015 - 6/30/2015 states: FINAL k 'M$ - •dil "" a -111ry etm"en n sa ` e'".tE Settle Date Cuncen y Cu e"' {T,1'd'R ffecfi , t- oun �, Cosa B r' t#`unt w*d ikc Cost 0ain 'I Settle .'¢hare67PaM' �- g{g _ 2 lase a e aBe MT 6/26/2015 -1,000,000.000 1,W0,000.00 -1,003,280.00 -3,280.00 1,000,000.00 0.00 O.W OCSF07511102 OCS UQ OP CHANDLER -3,280.W I O.W T O.W C 0.00 S FEDERAL FARM CR BK CONS BD 0.5W%06/23/2015 DO 05/23/12 SEC 1D:3133MRQ3 MT 6/23/2015 -2,000,000.000 2,000.000.00 -2,003,4W.00 -3,4W.W 2,000,000.00 O.W 0.00 OCSF07511102 OCS LIQ OP CHANDLER -3,4W.001 0.00 T 0.00 C 0.00 S 3PMORGAN CHASE&CO 3.400%06/24/2015 DO 06/24/10 SEC ID:46625HHR4 MT 6/24/2015 -1,100,000." 1,1W,W0.00 -1,105,225.00 -5,225.00 1,1W,000.00 0.00 0.00 OCSM7511102 OCS UQ OP CHANDLER -5,225.001 0.00 T 0.00 C O.W S U S TREASURY NOTE 0.3759A 06/15/2015 DO 06/15/12 SEC ID:912828SM MT 6/15/2015 -2,000,000.000 2,000,000.00 -2,002,506.70 -2,506.70 2,WO,000.00 0.00 0.00 OCSF07511102 OCS UQ OP CHANDLER -2,506.70 I 0.00 T 0.00 C 0.008 TOTAL U.B.DOLLAR: 6,100,000.W -6,114,411.70 -14,411.70 6,IW,WO.W 0.00 0.00 .14,411.70 1 0.00 T 0.00 c 0.00 8 TOTAL FIXED DICOME BECInUTM: 6,100,000.00 -6,114,411.70 -14,411.W 6,100,000.00 0.00 0.00 -14,411.W I 0.00 T 0.00 C 0.00 8 TOTAL MATUEr W: 51,585,568.89 .51,599,980.59 .14,411.70 51,585,568.89 0.W 0.00 .14,411.70 1 0.00 T 0.00 c 0.00 e MISCBLL NWUS ACTIVITY U.B.DOLWR Descl is NuE CDC 10/31/2014 0.000 -3.59 O.W -3.59 -3.59 0.00 0.00 OCSFW522202 OCS LONG CHANDLER -3.591 0.00 T O.W C 0.008 TO WRITE OFF SMALL OD EAI4 CE CD 10/31/2014 0.000 3.59 0.00 3.59 3.59 O.W 0.00 OCSF07522202 OCS LONG CHANDLER 3.591 0.00 T O.W C O.W S TOTAL U.B.DOLLAR: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1 0.00 T 0.00 C 0.00 8 711312015 6:16:SSPM EDT 16 'Pending Settlement W.r amch Transaction Report Report ID: TX8355 6NY MELLON Base Currency: USD OCSDICONSOMDAMD •CC6DMIOOOO 6/1/2015 - 6/30/2015 8tatpa: MNA, TOTAL M18CELLABBOUB ACTIVITY: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1 0.00 T 0.00 C 0.00 S ORAOD TOTAL ACTIVITY: •870,086.72 48,677,401.69 23,030.01 ,870,088.72 0.00 0.00 23,030.011 0.00 T 0.00 C O.00 S 7/13/2015 6:16:55PU EDT 17 "Pending Settlement Workbench ITEM NO. 7 MINUTES OF THE STEERING COMMITTEE Orange County Sanitation District Wednesday, July 22, 2015 at 5:00 p.m. A regular meeting of the Steering Committee of the Orange County Sanitation District was called to order by Chair Beamish on Wednesday, July 22, 2015 at 5:02 p.m. in the Administration Building of the Orange County Sanitation District. A quorum was declared present, as follows: COMMITTEE MEMBERS PRESENT: STAFF PRESENT: John Nielsen, Chair Jim Herberg, General Manager Greg Sebourn, Vice-Chair Bob Ghirelli, Assistant General Keith Curry, Administration Committee Manager Chair Lorenzo Tyner, Director of Finance & John Withers, Operations Committee Administrative Services Chair Ed Torres, Director of Operations & Tom Beamish, Member-At-Large Maintenance Lucille Kring, Member-At-Large Nick Arhontes, Director of Facility David Shawver, Member-At-Large Support Services Kelly A. Lore, Clerk of the Board COMMITTEE MEMBERS ABSENT: Jennifer Cabral Jim Colston Dean Fisher Norbert Gaia Al Garcia Mark Kawamoto Laurie Klinger Laura Maravilla Julian Sabri Richard Spencer Gina Tetsch OTHERS PRESENT: Brad Hogin, General Counsel James Finete, Savage Finete, APLC PUBLIC COMMENTS: None. 07/22/2015 Steering Committee Minutes Page 1 d4 REPORTS: Chair Nielsen announced that due to a time constraint, the Chair and General Manager reports would be deferred to the Board meeting. CONSENT CALENDAR: 1. MOVED, SECONDED, AND DULY CARRIED TO: Approve Minutes of the June 24, 2015 Regular Steering Committee Meeting. AYES: Beamish; Curry; Nielsen; and Shawver NOES: None ABSTENTIONS: Kring ABSENT: Sebourn and Withers 2. MOVED, SECONDED, AND DULY CARRIED TO: A. Award a Professional Consultant Services Agreement for Specification No. CS-2015-678 to EEC Environmental for 2015 Internal Santa Ana Watershed Project Authority Pretreatment Program Audit, for a total amount not to exceed $95,040; and B. Approve a contingency of$9,504 (10%). AYES: Beamish; Curry; Nielsen; and Shawver NOES: None ABSTENTIONS: Kring ABSENT: Seboum and Withers NON-CONSENT ITEMS: 3. MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Receive and File the General Manager's FY 2014-2015 Year-End Work Plan Update. AYES: Beamish; Curry; Nielsen; and Shawver NOES: None 07/22/2015 Steering Committee Minutes Page 2 of 4 ABSTENTIONS: Kring ABSENT: Sebourn and Withers Vice-Chair Sebourn arrived at 5:12 p.m. during the informational item. Director Withers arrived at 5:14 p.m. during the informational item. INFORMATION ITEMS 4. Classification & Compensation Studies - Comparison Agencies. Human Resources Manager, Rich Spencer provided a report on Item 15 including: history and purpose of the study; how the information is received; phases of the study; and criteria used during comparison. Comments were received from the committee regarding: elimination of Bay area agencies; consideration of similar size and industries compared; lowering the data points to 15 rather than 20; metrics available to equalize recommended agencies; deflate or inflate certain, economic considerations; consideration of competitiveness and retention; study not required by MOU's; best practices and necessity. Mr. Herberg and Mr. Spencer responded to questions regarding these items and responded that the hope is to draft a compensation policy for the future. CLOSED SESSION: CONVENED IN CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTIONS: 54956.9(d)(1); 54957.6 The Committee convened in closed session at 5:25 p.m. to discuss two items. Confidential minutes of the Closed Session have been prepared in accordance with the above Government Code Sections and are maintained by the Clerk of the Board in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. RECONVENED IN REGULAR SESSION: The Committee reconvened in regular session at 5:45 p.m. CONSIDERATION OF ACTION, IF ANY, ON MATTERS CONSIDERED IN CLOSED SESSION None. 07/22/2015 Steering Committee Minutes Page 3 of 4 OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: None. ADJOURNMENT: The Chair declared the meeting adjourned at 5:45 p.m. to the next Steering Committee meeting to be held on Wednesday, August 26, 2015 at 5:00 p.m. Submitted by: Kelly A. Lore Clerk of the Board 07/22/2015 Steering Committee Minutes Page 4 of 4 ITEM NO. 8 MINUTES OF MEETING GROUNDWATER REPLENISHMENT SYSTEM STEERING COMMITTEE ORANGE COUNTY WATER DISTRICT & ORANGE COUNTY SANITATION DISTRICT April 13, 2015 @ 5:00 p.m. Chairman Beamish called the Groundwater Replenishment System Steering Committee meeting to order in the Boardroom at the District office. Following the Pledge of Allegiance to the Flag, the Recording Secretary called the roll and reported a quorum as follows. 2015 Committee Members Roger Yoh OCWD Director (No. 1) (not present) Philip Anthony OCWD Director (No. 2) Cathy Green OCWD Director (No. 3) Tom Beamish OCSD Director (No. 1) Jim Ferryman OCSD Director (No. 2) John Nielsen OCSD Director (No. 3) Alternates Denis Bilodeau OCWD Director (No. 1) (arrived 5:25 p.m.) Jan Flory OCWD Director (No. 2) (not present) Dina Nguyen OCWD Director (No. 3) (arrived 5:10 p.m.) Lucille Kring OCSD Director (No. 1) Greg Sebourn OCSD Director (No. 2) Steve Jones OCSD Director (No. 3) (arrived 5:13 p.m.) Others Mike Markus, OCWD Jim Herberg, OCSD Sandy Scott-Roberts, OCWD Kathy Millea, OCSD Judy-Rae Karlsen, OCWD Cindy Murra, OCSD Gina Ayala, OCWD Rich Ten Bosch, Black&Veatch Debra Burris, DOB Engineering Luke Wendel, Parsons Curt Horner, McCarthy Building Co CONSENT CALENDAR The Consent Calendar was approved upon motion by Director Anthony, seconded by Director Nielsen and carried [5-0] as follows. [Yes-Beamish, Anthony, Ferryman, Green, Nielsen/No-0] 1. Minutes of Previous Meetino The Minutes of the GWRS Steering Committee meeting held January 12, 2015 are approved as presented. INFORMATIONAL ITEMS OCWD Director Dina Nguyen arrived at 5:10 p.m. and OCSD Director Steve Jones arrived at 5:13 p.m. during the following discussion. 2. GWRS Initial Expansion Construction Update OCWD General Manager Mike Markus introduced Principal Engineer Sandy Scott-Roberts and she presented an overview of the GWRS Initial Expansion construction project. She reported that due to authorized time extensions, the completion date for the GWRS Initial Expansion construction schedule was extended to June 30, 2015. She responded to Committee questions about obstacles and she reviewed the overall revised project budget, amendments, Change 4/13/2015 Orders and product performance warranties. Ms. Scott-Roberts advised the GWRS Initial Expansion construction progress report is based upon information provided by Parsons in the Construction Management Monthly Progress Report dated February 2015. Director Bilodeau arrived at 5:25 p.m. during the following discussion. 3. GWRS Operations Update Ms. Scott-Roberts advised the GWRS plant operated below the target production level due to construction issues, system shut downs, and tie-in work. She advised that production levels will increase and stabilize as the initial expansion production rate reaches 100 million gallons per day (mgd). She advised that production rates have increased due to the new flow equalization tanks, and the addition of the new reverse osmosis train along with the new microfiltration train that were put into service and the ultraviolet units are running. The Committee discussed evening flows, the impact of the drought on future waste water flows, the impacts from increased conservation activities and anticipated growth in housing developments. There was a brief discussion on the GWRS equipment performance warrantees and apparent motor vibrations. Ms. Scott-Roberts discussed ongoing interactions with the manufacturer regarding troubleshooting motor vibrations and associated operational issues. Mr. Markus reported the plant has been online 97% of the time which is higher than anticipated. He advised that flows will vary but consistent online production will help to meet the 100 mgd production target. 4. GWRS Operating Budget Summary Ms. Scott-Roberts reported the amended Joint Exercise of Powers Agreement was established to provide details on the obligations of OCWD and OCSD for the operation of GWRS. Ms. Scott- Roberts reviewed the proposed Operations and Maintenance budget and noted the current budget is $24 million and staff anticipates a budget increase to $27.9 million due to the addition of new staff positions, new equipment, new pumps, increasing electrical, power and chemical costs. Mr. Markus advised that OCWD is responsible for paying the operational costs for the GWRS project and the water is provided by OCSD. 5. Update on OCSD P1-101 Sludge Dewatering and Odor Control Project Orange County Sanitation District (OCSD) Planning Manager Kathy Millea presented an update on the OCSD P1-101 Sludge Dewatering and Odor Control Project that commenced construction in January 2013. She reported the project is no longer expected to have an impact on the amount of flow available to the GWRS Initial Expansion project. She reviewed plant#1 and plant#2 operations and advised that OCSD has observed a significant decrease in sewer flows to both plants that will impact flow availability to the GWRS Initial Expansion project. She noted the flows from OCSD are currently at 120 mgd and may reach 125 mgd as operations become more efficient. Ms. Scott-Roberts reported there is a joint cost share study that will research additional flows needed for the GWRS Final Expansion because the project will require 173 mgd of secondary effluent to produce 130 mgd of GWRS produce water. She advised some of the flows from OCSD are from the Santa Ana Regional Interceptor(SARI) line and the regulatory permit process needs to be addressed and modified prior to using that OCSD flow as a resource. Director Beamish reported that OCSD is committed to working on that issue and lobbying for a change in Washington D.C. 6. Quarterly Outreach Report rOctober—Decemberl Mr. Markus advised the Outreach Report is in the packet, and OCWD currently gives approximately 1 tour per day and there are increased media inquiries as the public becomes - 2 - 4/13/2015 more aware about the drought. He reported that staff is in the process of organizing the GWRS dedication event and both agencies will be invited to attend with invitations also being extended to dignitaries. DIRECTORS'ANNOUNCEMENTS/REPORTS The Committee requested information on the storage level in the groundwater aquifer. Mr. Markus advised that due to the drought, dry hydrology and the drop in Santa Ana River base flows, there is a basin overdraft of approximately-416,000 acre feet (AF) of water and it is low but within the operating rage of the established basin management program. He explained that OCWD staff is recommending a 70% basin pumping percentage (BPP)and staff is proposing a replenishment assessment of$322 AF. Director Seborn asked for a status update on security enhancements for GWRS facilities and the property of both agencies. Mr. Markus advised that joint security enhancements will be addressed at the next meeting. Director Green received a call from Gary Player who requested that OCSD consider the removal of eucalyptus trees as a water conservation effort. Director Green reported that OCWD staff member Becky Mudd who is responsible for community outreach tours recently ran 268 miles over 9 days to raise funds for pediatric cancer. Chairman Beamish reported on the remaining meetings for the 2015 GWRS Steering Committee: • Monday, July 13, 2015 @ 5:00 p.m. • Monday, October 12, 2015 @ 5:00 p.m. ADJOURNMENT There being no further business, the meeting was adjourned at 6:10 p.m. Tom Beamish, Chair - 3 - BOARD OF DIRECTORS Meeting Date TOBE.Or .Dir. -- 08/26/15 AGENDA REPORT Item N- gumber Item Number - Orange County Sanitation District FROM: James D. Herberg, General Manager Originator: Lorenzo Tyner, Director of Finance and Administrative Services SUBJECT: AGREEMENT FOR COLLECTION OF SPECIAL ASSESSMENTS BY THE COUNTY OF ORANGE GENERAL MANAGER'S RECOMMENDATION Approve agreement with the County of Orange to collect sanitary sewer service charges on the property tax roll. SUMMARY Beginning with the 2015-16 fiscal year, the County of Orange is now requiring an agreement be entered into between the District and the County for the collection of special assessments, or sewer service fees. Section 5473 of the California Health & Safety Code provides that sanitary sewer service charges may be collected as a separate line item on the annual property tax bill. The District has utilized this method of fee collection since the inception of these fees. The two principal benefits of this collection method are that the District does not need to develop or fund a utility billing division, and that failure to pay these fees results in a lien against the property, so all fees are ultimately received. The Code requires a new Resolution from the District directing the County Tax Collector to collect these fees every time an ordinance is adopted. Resolution No. OCSD 15-12 and Resolution No OCSD 13-07 were previously adopted by the Board for Regional and Local Fee collection respectively. PRIOR COMMITTEE/BOARD ACTIONS Resolution No. OCSD 15-12 directing the county tax collector to include the sewer service fees for FY 2015-16 through 2017-18 was adopted at the regular adjourned meeting held May 27, 2015. Resolution No. OCSD 13-05 directing the county tax collector to include the sewer service fees for FY 2013-14 through 2017-18 was adopted at the regular adjourned meeting held March 27, 2013 Resolution No. OCSD 13-07 directing the county tax collector to include the local sewer service fees for FY 2013-14 through 2017-18 was adopted at the regular adjourned meeting held May 22, 2013 Page 1 of 2 ADDITIONAL INFORMATION None. CEQA N/A BUDGET / PURCHASING ORDINANCE COMPLIANCE N/A ATTACHMENT The following attachment is included in hard copy and may be viewed online at the OCSD website (mm w.ocsd.com) with the complete agenda package. Agreement for Collection of Special Assessments Page 2 of 2 RETURN TO AGENDA AGREEMENT FOR COLLECTION OF SPECIAL TAXES,FEES,CHARGES AND ASSESSMENTS THIS AGREEMENT is made and entered into this 26th day of August , 20 15 by and between the COUNTY OF ORANGE, a political subdivision of the State of California, hereinafter referred to as"County"and Orange County Sanitation District hereinafter referred to as `District". RECITALS The following recitals are a substantive part of this Agreement: WHEREAS,the parties desire to enter into an agreement whereby taxes and special assessments for the District will be collected by the County at the same time and in the same manner as County taxes are collected and the District will pay to the County the fees for collection hereinafter set forth; and WHEREAS, Section 29142 of the Government Code provides that when taxes or assessments are collected by a county for any special district, or zone,or improvement district thereof, excluding a school district, the board of supervisors may provide for a collection fee for such services; and WHEREAS, Section 29304 of the Government Code provides that whenever any special assessment or special assessment taxes are levied upon land or real property by any city, county, district or other public corporation, and the same are to be collected by a County, there shall be added to the amount of the special assessment or special assessment tax an amount fixed by agreement between the county and city, district, public corporation, officer, or body for each special assessment or special assessment tax to be collected; and WHEREAS, Section 51800 of the Government Code provides for the County to collect special assessments on County property tax rolls for cities and districts located in the County, and to enter into an agreement regarding the amount of compensation to be paid to the County for the collection of such assessments; and WHEREAS, when requested by District, it is in the public interest that the County collect on the County tax rolls the special taxes, fees, and assessments for District. NOW,THEREFORE,IT IS AGREED by and between the parties hereto as follows: AGREEMENT 1. Collection Services. County agrees, when requested by District as hereinafter provided, or as required by law, to collect on the County tax rolls the special taxes, fees, and assessments of District, and of each zone or improvement District thereof. 2. Transmission of Information. When County is to collect District's special taxes and assessments, District agrees to notify the Orange County Auditor-Controller of the Assessor's parcel RETURN TO AGENDA numbers and the amount of each special tax, fee, or assessment to County, and including, but not limited to,any act of omission or assessment to be so collected. 3. Certification by the District. The District shall certify to the Orange County Auditor-Controller the fixed charge special assessments in a dollar amount to be applied on each parcel of real property which parcel shall be designated by the assessment (i.e., parcel) number shown on the County Secured Assessment Roll for the year in which the assessment is to be collected.. 4. Verification by District. It shall be the obligation of the District prior to the time of delivery to the Orange County Auditor-Controller of the fixed charge special assessment roll to check the County Secured Assessment Roll after it is filed by the Orange County Assessor with the Orange County Auditor-Controller to verify that the parcel numbers on the assessment roll for fixed charge special assessments certified by the District correspond with the assessment (i.e., parcel) numbers shown on the County Secured Assessment Roll. Any changes in special assessment data previously certified to the Orange County Auditor-Controller by the District,which changes occur as a result of such verification, shall be certified by the District to the Orange County Auditor- Controller . 5. Collection Fee. County will charge the sum of 0.30 percent (0.30%) of the original value for each special in, fee, or assessment that is to be collected on the County tax rolls by the County for the District. 6. Charge for Revision of Assessment. After the roll has been delivered by the Orange County Auditor-Controller to the Orange County Tax Collector the County will charge the District for each fixed charge special assessment changed or deleted. Said charge shall be $15.00 for each assessment or parcel number placed on the County Secured Assessment Roll. Payment shall be submitted to the Orange County Auditor-Controller with the request for the change or deletion. 7. Modification of Collection Fees and Charees. The County reserves the right to increase or decrease any charges herein provided in proportion to any changes in costs incurred by the County in providing the services described herein,provided that written notice of any increase or decrease in charges shall be given by the County to the District on or before May 15 of any year during the term of the Agreement. 8. Authority for Levy and Compliance with Law. District warrants that the taxes, fees, or assessments imposed by District and collected pursuant to this Agreement comply with all requirements of state law, including but not limited to Article XIIIC and XIIID of the California Constitution(Proposition 218). 9. Release. District hereby releases and forever discharges County and its officers, agents and employees from any and all claims, demands, liabilities, costs and expenses, damages, causes of action, and judgments, in any manner arising out of District's responsibility under this agreement, or other action taken by District in establishing a special tax, fee, or assessment and implementing collection of special taxes or assessments as contemplated in this agreement, including but not limited, any required remedial action in the case of delinquencies in such assessment payments or the issuance, sale, or administration of any bonds issued in connection with the District's program. 2 RETURN TO AGENDA 10. Indemnification. District agrees to and shall defend, indemnify and save harmless County and its officers, agents and employees ("indemnified parties") from any and all claims, demands, liabilities, costs and expenses. damages, causes of action, and judgments, in any manner arising out of any of District's responsibility under this agreement, or other action taken by District in establishing a special tax, fee, or assessment and implementing collection of special taxes, fees, or assessment as contemplated in this agreement, including but not limited,any required remedial action in the case of delinquencies in such assessment payments or the issuance, sale, or administration of any bonds issued in connection with the District's program. it. Cooperation. District agrees that its officers, agents and employees will cooperate with County by answering inquiries made to District by any person concerning District's special tax, fee, or assessment, and District agrees that its officers, agents and employees will not refer such individuals making inquiries to County officers or employees for response. 12. Assignment. District shall not assign or transfer this agreement or any interest herein and any such assignment or transfer or attempted assignment or transfer of this agreement or any interest herein by District shall be void and shall immediately and automatically terminate this agreement. 13. Term of Agreement. All existing agreements between the County and District pertaining to collection of taxes and special assessments by the County for the District shall be terminated upon the execution of this Agreement. This Agreement shall continue from year to year and shall be subject to cancellation by either party by giving written notice to the other party of cancellation prior to July 1 st of the preceding fiscal year. 14. Waiver. County or District's waiver of breach of any one term, covenant, or other provision of this agreement, is not a waiver of breach of any other term,nor subsequent breach of the term or provision waived. IN WITNESS WHEREOF, the Parties hereto have signed this Agreement as of the day and year first above written. ORANGE COUNTY SANITATION DISTRICT By: John Nielsen,Board Chair Attest: Kelly A. Lore,Clerk of the Board COUNTY OF ORANGE By: Its: 3 RETURN TO AGENDA APPROVED AS TO FORM: By: Bradley Hogin, General Counsel to District By: Deputy County Counsel 4 Alk ERIC H. WOOLERY, CPA AUDITOR-CONTROLLER 1k June 5,2015 TO: Cities and Special Districts ATTENTION: Finance Directors/Managers SUBJECT: 2015-16 Direct Charges (Special Assessments) This is our annual request for information for adding direct charges (special assessments) to the 2015-16 Secured Property Tax Roll. The attached instructions outline the procedures to be followed and the required format of the direct charge (special assessment) data. If your city/special district contracts with a private consultant for preparation of your direct charge (special assessment) information ensure that your contractor receives a copy of this package. Please note that an agreement for the placement of direct charges (special assessments) on the property tax roll is now required and must be signed and submitted with the required governing body authorization. This letter, instructions, and attachments will be available on the Auditor-Controller's Property Tax Accounting website: http://ac.ocgov.com/info/accounting/ If you have any questions, please contact Todd Arnold at (714)834-2609 todd.arnold@ac.ocgov.com, or Frank Davies at (714)834-3015 frank.davies@ac.ocgov.com. Your timely cooperation is greatly appreciated. Eric H.Woolery Auditor-Controller AUDITOR-CONTROLLER• 12 CIVIC CENTER PLAZA,ROOM 200• SANTA ANA,CALIFORNIA 92701 PHONE(714)834-2450• FAX (714)a34-2569 •e6c.wooleryOac.ocgov.com •ac.ocgov.com BOARD OF DIRECTORS Meeting Date TOBE.Or Dir. -- 08/26/15 AGENDA REPORT Item Item 10 Orange County Sanitation District FROM: James D. Herberg, General Manager SUBJECT: OCSD MEDICAL INSURANCE REOPENER GENERAL MANAGER'S RECOMMENDATION Adopt Resolution No. OCSD 15-17, entitled, "A Resolution of the Board of Directors of the Orange County Sanitation District Approving Medical Insurance Changes Identified Through the 2015 Medical Reopener Negotiations." SUMMARY The Board authorized labor negotiators to engage in discussions with the bargaining units regarding a medical reopener beginning in February, 2015. As part of the reopener, the Orange County Sanitation District (OCSD) moved its eligible medical plans to the CSAC- EIA pool effective July 2015, as approved by employee groups and authorized by the Board, resulting in anticipated annual cost savings of approximately $980,000. Recent discussions have yielded additional proposed changes that will offer employees additional medical plans at a neutral cost to the District. Board authorization is requested to expand health insurance options to include two (2) additional medical plan choices — a High Deductible Health Plan and a bronze-level Kaiser Health Maintenance Organization (HMO) plan. These plan additions would be implemented for all OCSD employees, except for employees represented by the Orange County Employees Association due to that group's rejection of this option. Also, Board authorization is requested for OCSD funding of a Health Savings Account (HSA) for employees who enroll in the High Deductible Health Plan (HDHP). Funding would be adjusted annually and be calculated taking the difference between the deductible for the standard Preferred Provider Organization (PPO) plan and the deductible for the HDHP plan, with the exact amounts being revisited annually. The HSA will be funded from the plan savings achieved by the lower premiums of the HDHP. PRIOR COMMITTEE/BOARD ACTIONS April 22, 2015—The Board of Directors authorized the General Manager to negotiate with the represented employee groups to discuss changes to District medical plans per the agreed upon medical reopener. May 27, 2015 —The Board of Directors approved Resolution No. OCSD 15-11, entitled, "A Resolution of the Board of Directors of the Orange County Sanitation District Approving Page 1 of 4 Medical Insurance Changes Identified Through the 2015 Medical Reopener Negotiations." June 10, 2015 — The Administration Committee approved the benefits renewal cost of $11,830,053 for healthcare and welfare insurance benefits for FY 2015-16. ADDITIONAL INFORMATION As authorized in Memoranda of Understanding (MOU), OCSD conducted medical reopener discussions with each exclusively recognized employee organization and each of OCSD's unrepresented groups from February 2015 through July 2015. The purpose of the reopener was to explore the possibility of joining an insurance risk sharing pool, consider potential changes to OCSD's insurance carriers, and explore plan design changes to mitigate excise taxation in 2018. Throughout the reopener, all stakeholders worked collaboratively, demonstrated an awareness of the rising costs of healthcare and the potential for excise taxation in 2018, and showed an openness toward making changes to control costs and improve OCSD's healthcare options. On May 27, 2015, OCSD's Board approved Resolution No. OCSD 15-11 and thereby authorized entry into a memorandum of understanding for medical plans with California State Association of Counties—Excess Insurance Authority (CSAC-EIA). This resolution authorized a change that bargaining units had mutually agreed upon and approved via member vote. As a result, OCSD has moved its related medical plans to the CSAC-EIA insurance risk sharing pool effective July 1, 2015, resulting in an anticipated annual cost savings of approximately $980,000. The District will save approximately $794,000 annually, and employees will save approximately $186,000 annually. During the course of the reopener, the group considered three (3) additional areas of potential changes to OCSD's medical insurance offerings to further reduce OCSD's healthcare costs. Key items of discussion included considering possible carrier changes, providing additional plan choices, and considering possible plan design changes to reduce and/or more precisely distribute insurance premiums. Each of the bargaining units conducted voting sessions for their members to evaluate potential changes identified in the reopener, including the joining of CSAC-EIA. Votes by bargaining units' members did not approve possible carrier changes or possible plan design changes. However, the vote was divided across the bargaining units regarding whether to approve the addition of two (2) additional medical plan options, a High Deductible Health Plan and a bronze-level Kaiser HMO plan. The Orange County Employees Association (OCEA) rejected the change, while the International Union of Operating Engineers, Local 501, and the Supervisor and Professional Management Group (SPMG) both voted to accept the change. Additional discussion on this topic with the employee groups has taken place during June and July. These subsequent discussions have yielded consensus that OCSD may offer the additional plans to all employee groups except OCEA, as the addition would not impact rates for current medical plan offerings. Page 2 of 4 Adding a High Deductible Health Plan (HDHP) will provide an additional, unique option for active employees to manage their healthcare. The HDHP will be accompanied by a health savings account (HSA) to help employees fund their healthcare costs during employment and after retirement. OCSD will use a portion of the cost savings in premiums to fund the HSA accounts for enrollees, during active employment only. Specifically, it is proposed that the District will contribute to an HSA for employees who elect the HDHP an amount up to the difference between the deductible for the standard Preferred Provider Organization (PPO) plan and the deductible for the HDHP plan, with the exact amounts being revisited annually. For 2016, the District-paid contributions would equal $1,150 per individual plan and $2,150 per family plan. This falls within current IRS code annual limits of$3,350 per individual plan and $6,650 per family plan. With the proposed HSA funding amount, every employee who moves from the PPO to the HDHP with HSA plan would generate a net cost savings for OCSD, ranging from $276 to $1,652 as illustrated in the graphic below. HSA accounts are portable and owned by the employee, so employees would have the ability to utilize their accounts to pay for medical-related expenses both during employment and after retirement. Potential OCSD Cost Savings-PPO vs.HDHP Enrollments HDHP/HSA OCSD Net PPO Plan 2016 HDHP Plan 2016 HSA Funding Total OCSD Cost OCSD Cost OCSD Cost OCSD Cost Cost Savings Individual Plan(Employee) $ 6,856 $ 7,430 $ 1,150 $ 8,580 $276 Family Plan (Employee+l) $ 36,512 $ 13,853 $ 2,150 $ 16,003 $509 Family Plan (Employee+Family) $ 23,587 $ 19,786 $ 2,150 $21,935.60 11,652 The addition of a bronze-level Kaiser Health Maintenance Organization (HMO) plan will provide an additional lower-cost healthcare option, which may be particularly desirable for OCSD's retiree population. OCSD does not pay for retirees' health insurance, with the exception of employees hired prior to July 1988 who receive a limited duration of paid premiums based on years of service. However, all OCSD retirees have the option to remain on OCSD's health insurance post-retirement and pay the full cost of the premium. The addition of the HDHP/HSA combination and the bronze-level Kaiser HMO plan will be at no cost to OCSD, and simply will provide additional options for employees and retirees to manage their healthcare. CEQA N/A BUDGET /PURCHASING ORDINANCE COMPLIANCE N/A Page 3 of 4 ATTACHMENT The following aftachment(s)is included in hard copy and may also be viewed on-line at the OCSD website (www.ocsd.coml with the complete agenda package: • Resolution No. OCSD 15-17 Page 4 of 4 RESOLUTION NO. OCSD 15-17 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT APPROVING MEDICAL INSURANCE CHANGES IDENTIFIED THROUGH THE 2015 MEDICAL REOPENER NEGOTIATIONS. WHEREAS, on April 22, 2015, the Board of Directors ("Directors") of the Orange County Sanitation District (the "District") authorized the General Manager to negotiate with the represented employee organizations to discuss changes to District medical plans per the agreed upon medical reopener. WHEREAS, pursuant to Government Code Section 3500, et seq., representatives of the represented employee groups have met and conferred, in good faith, with the representatives of the District and have reached an understanding with regard to certain terms and conditions relative to employment; WHEREAS, during commencement of negotiations the parties agreed that any changes would take effect on July 1, 2015, or as soon as possible thereafter; and WHEREAS, the parties have modified the District's medical insurance plan offerings to reflect the parties' understanding regarding certain terms and conditions as set forth in the OCSD Medical Insurance Reopener agenda report, which include: • HDHP / HSA - Adding a High Deductible Health Plan (HDHP) to provide an additional option for active employees to manage their healthcare. The HDHP will be accompanied by a Health Savings Account(HSA)to help employees fund their healthcare costs during employment and after retirement. OCSD will use a portion of the cost savings in premiums to fund the HSA accounts for enrollees, during active employment only. Annually, OCSD will fund the HSA, which will be adjusted each year by calculating the difference between the deductible for the standard PPO plan and the deductible for the HDHP plan. Exact amounts will be revisited annually. • Bronze-Level Kaiser Health Maintenance Organization (HMO)—Adding a bronze- level Kaiser HMO plan to provide an additional lower-cost healthcare option. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. The aforementioned medical insurance plan changes as outlined herein are hereby approved and may be implemented effective January 1, 2016. Section 2. The General Manager is authorized to sign contracts with the designated carriers for the approved plans. OCSD 15-17-1 PASSED AND ADOPTED at a regular meeting of the Board of Directors held August 26, 2015. John Nielsen, Board Chair ATTEST: Kelly A. Lore Clerk of the Board OCSD 15-17-2 STATE OF CALIFORNIA ) ss COUNTY OF ORANGE ) I, Kelly A. Lore, Clerk of the Board of Directors of the Orange County Sanitation District, do hereby certify that the foregoing Resolution No. OCSD 15-17 was passed and adopted at a regular meeting of said Board on the 261h day of August 2015, by the following vote, to wit: AYES: NOES: ABSTENTIONS: ABSENT: IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of Orange County Sanitation District this 26'h day of August 2015. Kelly A. Lore Clerk of the Board of Directors Orange County Sanitation District OCSD 15-17-3 BOARD OF DIRECTORS Meeting Date TOBE.Or Dir. -- 08/26/15 AGENDA REPORT ItemNumber Item Numbar - u Orange County Sanitation District FROM: James D. Herberg, General Manager Originator: Robert P. Ghirelli, Assistant General Manager SUBJECT: CLASSIFICATION & COMPENSATION STUDIES — COMPARISON AGENCIES GENERAL MANAGER'S RECOMMENDATION Approve the final list of comparison agencies to begin the next phase of the Classification & Compensation Studies, which includes a labor market survey. SUMMARY The Orange County Sanitation District (OCSD) initiated its periodic Classification and Compensation Studies in March 2015 with Gallagher Benefit Services, Inc., ("Consultant"). As part of the study's compensation phase, OCSD's current list of comparison agencies that comprise its labor market has been reviewed by stakeholder groups, and is being presented to the Board of Directors for final approval. PRIOR COMMITTEE/BOARD ACTIONS July 2015—An informational Agenda Report was presented to the Board of Directors with the initial recommended list of comparison agencies from the Consultant. February 2014 — The Administration Committee authorized the General Manager to advertise a request for proposal and subsequently award a Consultant Services Agreement for an OCSD-wide Classification and Compensation Study, for a total amount not to exceed $100,000. ADDITIONAL INFORMATION Classification and Compensation Studies are conducted periodically by organizations to obtain information on how other agencies structure their positions and compensate employees in similar positions. Such benchmark data is critical feedback regarding how an agency compares to its labor market, providing information for organizational decisions on classification and compensation of its jobs. The selection of an appropriate labor market is important to all stakeholders, including the Board of Directors, management, bargaining units, employees, and the public. It ensures that OCSD compares its classification and compensation systems to similar organizations. Page 1 d4 OCSD's current list of 13 comparison agencies was established during the Classification and Compensation Studies conducted in 2002 by Johnson & Associates, and is comprised of the following: OCSD's Current List of Comparison Agencies City of Anaheim City of Irvine Central Contra Costa Sanitary District Irvine Ranch Water District County Sanitation Districts of Los Angeles County City of Los Angeles Bureau of Sanitation East Bay Municipal Utilities District Los Angeles County[)apartment of Public Works Eastern Municipal Water District Orange County Water District City of Garden Grove City of San Diego City of Huntington Beach Updates to OCSD's comparison agencies list were recommended by the Consultant during the current study, in consideration of the following criteria: • Retention: agencies from/to which OCSD gains/ loses employees • Geography: agencies within the same area/ region/ state • Size/ Service Area: agencies from twice as large to half as big • Operations: agencies with similar operations and water processed • Continuity: agencies previously surveyed ensure continuity The table below reflects the initial list of comparison agencies recommended by the Consultant for OCSD and presented to the Board of Directors on July 22, 2015. It includes 12 of the existing comparison agencies, plus 8 additional agencies marked with an asterisk (*). Initial List of Com arison Agencies City of Anaheim Orange county Water District Central Contra Costa Sanitary District City of San Diego Courty Sanitation Districts of Los Angel a County City and Courty of San Francisco Utilities' East Say Municipal Utilities District City of San Jose Environmental Services* Eastern Municipal Water District Sacramento Regional County Sanitation District* City of Huntington Beach City of Long Beach* City of Irvine City of Santa Ana* Irvine Ranch Water District Orange Count Cit of Los A ales Bureau of Sanitation Riverside County* Los An ales Count Department of Public Works iSan Bernardino Count *denotes an addition to OCSD's current comparison agency list The initial list was distributed to OCSD's unrepresented groups (Executive Management Team, Manager Group, and Confidential Group) and all represented bargaining units, and presented to the Board of Directors in July 2015 as an informational item. OCSD solicited feedback and worked collaboratively with all stakeholders to review and evaluate the proposed comparison agencies during a meeting on August 3, 2015, and through subsequent discussions. It was also presented to the Executive Management Team (EMT) for discussion. On August 7, 2015, the bargaining units provided additional feedback and proposed changes to the initial list, which were subsequently reviewed and considered by the Consultant and the EMT. The review and evaluation phase of the Page 2 d4 proposed comparison agencies has concluded, resulting in an updated list of comparison agencies. OCSD's history of surveying a specific set of 13 comparison agencies over the years was a factor in the decision to keep 12 of the 13 agencies on the final list, for the purpose of maintaining some level of continuity. Additionally, there was stakeholder consensus on adding two (2) agencies that met the necessary criteria of having similar operations, service area, geographic location and retention; and removing four(4)agencies that were less comparable. In summary, the agencies to be removed from the initial list presented to the Board of Directors on July 22 include: City of Long Beach, Orange County, Riverside County and San Bernardino County. The agencies to be added include: Metropolitan Water District of Southern California and Union Sanitary District (Alameda) Special District. The following table reflects the final list of 18 comparison agencies being presented to the Board of Directors for approval, which represents the appropriate labor market to be surveyed as part of the Classification and Compensation Studies. Final List of Comparlson Agencies City of Anaheim Los Angeles County Department of Public Works Central Contra Costa Sanitary District Orange County Water District County Sanitation Districts of Los Angeles Count Cit Of San Die 0 East Bay Municipal Utilities District City and Courdy of San Francisco Utilities• Eastern Municipal Water District City of San Jose Environmental Services' Cfty of Huntington Beach Sacramento Regional County Sartation District* city of Irvine City of Santa Ana* Irvine Ranch Water District Metropolitan Water District of Southern California* ,Cfty of Los Angeles Bureau of Sanitation Union Sanitary District Alameda Special District* *denotes an addition to OCSD's current comparison agency list Upon the Board of Directors' approval of the final list of comparison agencies, the Consultant will begin the next phase of the Classification and Compensation Studies, which will include: • Developing and deploying a survey to the selected comparison agencies; • Collecting market data for OCSD's benchmark positions; • Reviewing the labor market data to confirm it is reliable and sufficiently comparable; and • Analyzing the data to ensure skewing impacts are mitigated. The market data collection process will generate information on an agency's actual pay and/or pay ranges, pay practices, and benefits. The Consultant will review each organization's data and apply a cost of labor geographic pay differential to pay data based on the Economic Research Institute (ERI) quarterly update figure, which is useful in understanding the economic differences between different locations. This method is a standard compensation practice, and will be used to adjust the survey data to OCSD's labor market. Page 3 of 4 CEQA N/A BUDGET/PURCHASING ORDINANCE COMPLIANCE The funds for this project were included in the OCSD Operating Budget for FY 2014-15 and FY 2015-16. Page 4 d 4 ORANGE COUNTY SANITATION DISTRICT Agenda Terminology Glossary Glossary of Terms and Abbreviations AQMD Air Quality Management District ASCE American Society of Civil Engineers BOD Biochemical Oxygen Demand CARB California Air Resources Board CASA California Association of Sanitation Agencies CCTV Closed Circuit Television CEQA California Environmental Quality Act CRWQCB California Regional Water Quality Control Board CWA Clean Water Act CWEA California Water Environment Association EIR Environmental Impact Report EMT Executive Management Team EPA U.S. Environmental Protection Agency FOG Fats, Oils, and Grease FSSD Facilities Support Services Department gpd Gallons per day GWR System Groundwater Replenishment System (also called GWRS) ICS Incident Command System IERP Integrated Emergency Control Plan LOS Level of Service MGD Million gallons per day NACWA National Association of Clean Water Agencies NPDES National Pollutant Discharge Elimination System NWRI National Water Research Institute O&M Operations and Maintenance OCCOG Orange County Council of Governments OCHCA Orange County Health Care Agency OCSD Orange County Sanitation District OCWD Orange County Water District GOBS Ocean Outfall Booster Station OSHA Occupational Safety and Health Administration POTW Publicly Owned Treatment Works ppm Parts per million RFP Request For Proposal RWQCB Regional Water Quality Control Board SARFPA Santa Ana River Flood Protection Agency Glossary of Terms and Abbreviations SARI Santa Ana River Inceptor SARWQCB Santa Ana Regional Water Quality Control Board SAWPA Santa Ana Watershed Project Authority SCADA Supervisory Control and Data Acquisition system SCAP Southern California Alliance of Publicly Owned Treatment Works SCAQMD South Coast Air Quality Management District SOCWA South Orange County Wastewater Authority SSMP Sanitary Sewer Management Plan SSO Sanitary Sewer Overflow SWRCB State Water Resources Control Board TDS Total Dissolved Solids TMDL Total Maximum Daily Load TSS Total Suspended Solids WDR Waste Discharge Requirements WEF Water Environment Federation WERF Water Environment Research Foundation Activated-sludge process — A secondary biological wastewater treatment process where bacteria reproduce at a high rate with the introduction of excess air or oxygen, and consume dissolved nutrients in the wastewater. Benthos— The community of organisms, such as sea stars, worms and shrimp, which live on, in, or near the seabed, also know as the benthic zone. Biochemical Oxygen Demand (BOD)—The amount of oxygen used when organic matter undergoes decomposition by microorganisms. Testing for BOD is done to assess the amount of organic matter in water. Biosolids — Biosolids are nutrient rich organic and highly treated solid materials produced by the wastewater treatment process. This high-quality product can be recycled as a soil amendment on farm land or further processed as an earth-like product for commercial and home gardens to improve and maintain fertile soil and stimulate plant growth. Capital Improvement Program (CIP) — Projects for repair, rehabilitation, and replacement of assets. Also includes treatment improvements, additional capacity, and projects for the support facilities. Coliform bacteria—A group of bacteria found in the intestines of humans and other animals, but also occasionally found elsewhere used as indicators of sewage pollution. E. coli are the most common bacteria in wastewater. Collections system — In wastewater, it is the system of typically underground pipes that receive and convey sanitary wastewater or storm water. Certificate of Participation (COP) —A type of financing where an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues. Glossary of Terms and Abbreviations Contaminants of Potential Concern (CPC) — Pharmaceuticals, hormones, and other organic wastewater contaminants. Dilution to Threshold (D!f) — the dilution at which the majority of the people detect the odor becomes the DrT for that air sample. Greenhouse gases — In the order of relative abundance water vapor, carbon dioxide, methane, nitrous oxide, and ozone gases that are considered the cause of global warming ("greenhouse effect"). Groundwater Replenishment (GWR) System — A joint water reclamation project that proactively responds to Southern California's current and future water needs. This joint project between the Orange County Water District and the Orange County Sanitation District provides 70 million gallons a day of drinking quality water to replenish the local groundwater supply. Levels of Service (LOS)—Goals to support environmental and public expectations for performance. NDMA— N-Nitrosodimethylamine is an N-nitrosoamine suspected cancer-causing agent. It has been found in the Groundwater Replenishment System process and is eliminated using hydrogen peroxide with extra ultra-violet treatment. National Biosolids Partnership (NBP) — An alliance of the National Association of Clean Water Agencies (NACWA) and Water Environment Federation (WEF), with advisory support from the U.S. Environmental Protection Agency (EPA). NBP is committed to developing and advancing environmentally sound and sustainable biosolids management practices that go beyond regulatory compliance and promote public participation in order to enhance the credibility of local agency biosolids programs and improved communications that lead to public acceptance. Plume—A visible or measurable concentration of discharge from a stationary source or fixed facility. Publicly-owned Treatment Works (POTW)— Municipal wastewater treatment plant. Santa Ana River Interceptor (SARI) Line — A regional brine line designed to convey 30 million gallons per day (MGD) of non-reclaimable wastewater from the upper Santa Ana River basin to the ocean for disposal, after treatment. Sanitary sewer — Separate sewer systems specifically for the carrying of domestic and industrial wastewater. Combined sewers carry both wastewater and urban run-off. South Coast Air Quality Management District (SCAQMD) — Regional regulatory agency that develops plans and regulations designed to achieve public health standards by reducing emissions from business and industry. Secondary treatment — Biological wastewater treatment, particularly the activated-sludge process, where bacteria and other microorganisms consume dissolved nutrients in wastewater. Sludge—Untreated solid material created by the treatment of wastewater. Total suspended solids (TSS)—The amount of solids floating and in suspension in wastewater. Trickling filter — A biological secondary treatment process in which bacteria and other microorganisms, growing as slime on the surface of rocks or plastic media, consume nutrients in wastewater as it trickles over them. Glossary of Terms and Abbreviations Urban runoff — Water from city streets and domestic properties that carry pollutants into the storm drains, rivers, lakes, and oceans. Wastewater—Any water that enters the sanitary sewer. Watershed —A land area from which water drains to a particular water body. OCSD's service area is in the Santa Ana River Watershed.