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Home My WebLink About2000-02-09Draft ~ MINUTES OF FINANCE. ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING Orange County Sanitation District Wednesday, February 9, 2000, 5:00 p.m. A meeting of the-Finance, Administration and Human Resources Committee of the Orange County Sanitation District was held on February 9, 2000 at 5:00 p.m., in the District's Administrative Office. (1) The roll was called and a quorum declared present, as follows: FILED IN THE OFFICE Of Tt-',E SECRCTA~W ORANGE c~"u\\lTY ~t.Nl'r·'T'ON OISTRJOT FAHR COMMITTEE MEMBERS: Directors Present: Thomas R. Saltarelli, Chair Mark Leyes, Vice Chair Shawn Boyd John M. Gullixson Shir1ey McCracken James W. Silva Jan Debay, Board Chair Peer Swan, Board Vice Chair OTHERS PRESENT: Tom Woodruff, General Counsel Don Hughes Dan Cassidy (2) APPOINTMENT OF CHAIR PRO TEM Directors Absent: FEB 2 3 2000 Mark A. Murphy ~~ STAFF PRESENT: Don Mcintyre, General Manager Blake Anderson, Assistant General Manager Lisa Tomko, Acting Director of Human Resources Gary Streed, Director of Finance Michelle Tuchman, Director of Communications Steve Kozak, Financial Manager Mike White, Controller Greg Mathews, Assistant to the General Manager Penny Kyle, Committee Secretary Because of a delay in the arrival of Director Saltarelli, Chair of the FAHR Committee, and Director Leyes, Vice Chair of the FAHR Committee, Board Chair Jan Debay was appointed Chair Pro Tem. (3) PUBLIC COMMENTS MOVED, SECONDED AND DULY CARRIED: Defer public comments to follow Closed Session Item No. 18(a)(3). (4) RECEIVE, FILE AND APPROVE MINUTES OF PREVIOUS MEETING It was moved, seconded and duly carried to approve the minutes of the January 12, 2000 Finance, Administration and Human Resources Committee meeting. (5) REPORT OF THE COMMITTEE CHAIR The Committee Chair had no report. Minutes of the Finance, Administration and Human Resources Committee Meeting Page2 February 9, 2000 (6) REPORT OF THE GENERAL MANAGER The General Manager advised the Directors that a tentative date had been scheduled for March 18th for a workshop to discuss urban runoff issues. Director Swan advised that a dedication of the Eastside Reservoir would take place on the same date, so staff was directed to reschedule the workshop. Mr. Mcintyre also reported that a committee of national experts representing a variety of disciplines would be meeting on February 28, 29 and March 1 to discuss the Huntington Beach closure last summer. (7) REPORT OF ASSISTANT GENERAL MANAGER The Assistant General Manager had no report. (8) REPORT OF DIRECTOR OF FINANCE The Director of Finance reported that the District will receive $88,000 for its portion of ERAF dollars. It was also reported that Steve Kozak, Financial Manager has received certification as one of California's Certified Municipal Treasurer (CCMT). Currently, there are only 76 CCMTs active in the state of California. (9) REPORT OF DIRECTOR OF HUMAN RESOURCES The Acting Director of Human Resources had no report. (10) REPORT OF DIRECTOR OF COMMUNICATIONS Michelle Tuchman advised the Directors they would be receiving an invitation to the three-day workshop of national experts from various disciplines to discuss issues regarding last summer's closure of Huntington Beach because of high bacteria counts. The workshop would be held February 28 to March 1, 2000. It was also reported that an advisory committee was being established regarding odor control issues. (11) REPORT OF GENERAL COUNSEL General Counsel had no report. (12) CONSENT CALENDAR ITEMS (Items a-e) a. FAHR00-08: Receive and file Treasurer's Report for the month of January 2000. The Treasurer's Report was handed out at the FAHR Committee meeting in accordance with the Board-approved Investment Policy, and in conformance with the Government Code requirement to have monthly reports reviewed within 30 days of month end. Minutes of the Finance, Administration and Human Resources Committee Meeting Page3 February 9, 2000 b. FAHR00-09: Receive and file Certificate of Participation {COP) Monthly Report. c. FAHR00-10: Receive and file Employment Status Report as of January 31 , 2000. d. F AHR00-11: Receive and file report of General Manager approved purchases in amounts exceeding $50,000 in accordance with Board purchasing policies. e. FAHR00-12: Update regarding review of the Sewer Service Fee Program. Motion: END OF CONSENT CALENDAR Moved, seconded and duly carried to approve the recommended actions for items specified as 12(a) through (e) under Consent Calendar. Chair Saltarelli arrived and thanked Director Debay for guiding the meeting in his absence. Motion: Moved, seconded and duly carried to go out of order and into Closed Session, as authorized by Government Code Section 54957.6, to discuss and consider the item that is specified as Item 18(a)(3) on the published Agenda. (18) CLOSED SESSION (Item a(3)) The Committee convened in closed session at 5:20 p.m. Confidential Minutes of the Closed Session held by the Finance, Administration and Human Resources Committee have been prepared in accordance with California Government Code Section 54957.2, and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. No reportable action was taken re Agenda Item No. 18{a)(3). At 5:40 p.m., the Committee reconvened in regular session. PUBLIC COMMENTS Ellen Ray, a District employee, spoke to the Directors of her concern with ttte respective proposals and issues the District and the IUOE Local 501 are currently negotiating. Mark Mutz, a District employee, also spoke to the Directors of his concern regarding the respective proposals and issues being negotiated by the District and the IUOE Local 501 . (13) ACTION ITEMS (Items a-c) a. FAHR00-13: Receive and file the Mid-Year Financial and Operational Report for the period ending December 31, 1999. Motion: Moved, seconded and duly carried to approve staffs recommendation. Minutes of the Finance, Administration and Human Resources Committee Meeting Page4 February 9, 2000 b. FAHR00-14: Adopt a financial plan to consolidate bookkeeping and rate-setting practices as follows: 1. Combine the assets and liabilities for the separate Revenue Area Nos. 1, 2, 3, 5, 6, 11 and 13 into one consolidated Revenue Area; and, 2. Adopt one financial plan for the consolidated Revenue Areas; and, 3. Adopt one user fee rate for the consolidated Revenue Area Nos. 1, 2, 3, 5, 6, 11 and 13; and, 4. Continue to fund Revenue Area 7 through adopted sewer service user fees; and, 5. Continue to fund Revenue Area 14 by contract with the Irvine Ranch Water District. Mr. Streed gave a brief overview of the proposed consolidation of the rate structure. A lengthy discussion took place regarding the pros and cons of consolidating rates. Motion: Moved, seconded and duly carried to defer this item and request staff to set up a date to conduct a workshop to discuss consolidating rates. (14) INFORMATION PRESENTATIONS a. FAHR00-16: Status Report, Restructuring of the District's Existing Certificates of Participation Steve Kozak, Financial Manager, gave a brief report on the District',s existing certificates of participation. b. FAHR00-17: Long Term Benefits of Y2K Planning and Preparation Blake Anderson, Assistant General Manager, gave a brief report on the District's Y2K program. (15) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. (16) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT Director Gullixson requested an information update about Pimco's investment strategies for the District's portfolios. Minutes of the Finance, Administration and Human Resources Committee Meeting Pages February 9, 2000 (17) CONSIDERATION OF UPCOMING MEETINGS The next FAHR Committee meeting is scheduled for March 8, 2000 at 5 p.m. (18) CLOSED SESSION The Chair reported to the Committee the need for a Closed Session, as authorized by Government Code Sections 54956.8 and 54956.9, to discuss and consider the items that are specified as Item Nos. 18(a)(1), (2) and (3) on the published Agenda. The Committee convened in closed session at 7:02 p.m. Confidential Minutes of the Closed Session held by the Finance, Administration and Human Resources Committee have been prepared in accordance with California Government Code Section 54957.2, and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. No reportable actions were taken re Agenda Item Nos. 18{a)(1), (2) and (3). At 7:30 p.m., the Committee reconvened in regular session. (19) ADJOURNMENT The Chair declared the meeting adjourned at approximately 7:30 p.m. Subl'l)i)ted by: '>..--' °"YA vi. H:\wp.dta\agenda\FAHRIFAHR2000\2000 MlnutesVJ20900 FAHR MIN.doc STATE OF CALIFORNIA) ) SS. COUNTY OF ORANGE } Pursuant to California Government Code Section 54954.2, I hereby certify that the Notice and the Agenda for the Finance, Administration, and Human Resources Committee meeting to be held on February 9, 2000, was duly posted for public inspection in the main lobby of the District's offices on February 3, 2000. 2000. IN WITNESS WHEREOF, I have hereunto set my hand this 3rd day of February, Penny M. Kyl , Secreta Board of Directors Orange County Sanitation District H:\WP.DTA\ADMIN\BS\FORMS\2000\AGENDA CERTIFICATION·FAHR.020900.DOC February 1, 2000 DISTRIBUTION FAHR COMMITTEE MEETING PACKAGE full Agenda Package Committee &Mailing List Donald F. Mcintyre Blake P. Anderson• Dan Dillon Marc Dubois Jeff Esber Steve Kozak Penny Kyle David Ludwin Greg Mathews Patrick Miles• Bob Ooten Lisa Tomko• Gary Streed Michelle Tuchman• Robert Ghirelli Mike White• Cagle, Brad BobGeggie Patricia Jonk Lenora Crane Extras Notices and Agenda Only 40 13 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 5 (for meeting hand-out, if necessary) 1 Posting 1 Jean Tappan 1 Rose Marsella 1 Frankie Woodside 1 Patricia Magnante 1 Janet Gray 1 Security 1 Ron Zenk, Disl 14 Treasurer-=S Report Only c \\RADON\OATA1 \WP.DTA\ADMIN\BS\FAHR\DISTRIBUTIONUSTFAHR.DOC phone: (7141 962-2411 mailing address: P.O. Box 8127 Fountain Valley, CA 92728-8127 street address: 1 0844 Ellis Avenue Fountain Valley. CA 92708-7018 Member Agencies • Cit ies Anaheim Brea Buena Park Cypress Fountain Valley ·Fullerton Garden Grove Huntfngton Beech Irvine La Hebre Ls Palma Los Alamitos Newport Besch Orange Placentia Santa Ana Seal Beach Stanton Tustin Villa Perk Yorba Linde County of Orange Sanitary Districts Costa Mesa MidWey City Weter District s lr•vine Ranch ORAN GE COU NTY SANITATION DISTR ICT February 3, 2000 NOTICE OF MEETING FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE ORANGE COUNTY SANITATION DISTRICT WEDNESDAY, FEBRUARY 9, 2000 -5:00 P .M. DISTRICT'S ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 A regular meeting of the Finance, Administration and Human Resources Committee of the Board of Directors of the Orange County Sanitation District, will be held at the above location, date and time. ·ro Protect the Public Health end the Environment through Excellence in Wastewater Systems" FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING DATES FAHR Committee Meeting Dates February 9, 2000 March 8, 2000 April 12, 2000 May 10, 2000 June 14, 2000 July 12, 2000 No Meeting Scheduled September 13, 2000 October 11 , 2000 November 8, 2000 December 13. 2000 No Meeting Scheduled February 14, 2001 Board Meeting Dates February 23, 2000 March 22, 2000 April 26, 2000 May 24, 2000 June 28, 2000 July 19, 2000 August23,2000 September 27, 2000 October 25, 2000 November 15, 2000 December 20, 2000 January 24, 2001 February 28, 2001 February 3, 2000 March 2000-01 CIP Budget Status Report Information March Quarterly Investment Program Report Information March 2000-01 Annexation Fees Action March 2000-01 Budget Status Report Information March Select Liquidity Provider and Trustee for COPs Action March Preliminary Official Statement and Documents for COP Action Restructuring April 2000-01 User Fee and Connection Fee Report Action April Update of Human Resources Policies & Procedures Action April Meeting, Training and Travel Policy Revisions Action April 2000-01 Preliminary Budget Review Information April Approve COP Restructuring Sale Action May 2000-01 Proposed Budget Review Information May General Manager Approved Purchase Report Action June 2000-01 Proposed Budget Approval Action ' ' AGENDA REGULAR MEETING OF THE FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE ORANGE COUNTY SANITATION DISTRICT WEDNESDAY, FEBRUARY 9, 2000, AT 5:00 P.M. ADMINISTRATIVE OFFICE 10844 Ellis Avenue Fountain Valley, California 92708 In accordance with the requirements of California Government Code Section 54954.2, this agenda has been posted in the main lobby of the District's Administrative Offices not less than 72 hours prior to the meeting date and time above. All written materials relating to each agenda item are available for public inspection in the Office of the Board Secretary. In the event any matter not listed on this agenda is proposed to be submitted to the Committee for discussion and/or action, it will be done in compliance with Section 54954. 2(b) as an emergency item or that there is a need to take immediate action which need came to the attention of the Committee subsequent to the posting of the agenda, or as set forlh on a supplemental agenda posted in the manner as above, not less than 72 hours prior to the meeting date. (1) ROLL CALL (2) APPOINTMENT OF CHAIR PRO TEM. IF NECESSARY (3) PUBLIC COMMENTS All persons wishing to address the Finance, Administration and Human Resources Committee on specffic agenda items or matters of general interest should do so at this time. As determined by the Chair, speakers may be deferred until the specific item is taken for discussion and remarks may be limited to five minutes. Matters of interest addressed by a member of the public and not listed on this agenda cannot have action taken by the Committee except as authorized by Section 54954.~(b). February 9, 2000 (4) APPROVE MINUTES OF PREVIOUS MEETING Approve minutes of the January 12, 2000, Finance, Administration and Human Resources Committee meeting. (5) REPORT OF COMMITTEE CHAIR (6) REPORT OF GENERAL MANAGER (7) REPORT OF ASSISTANT GENERAL MANAGER (8) REPORT OF DIRECTOR OF FINANCE (9) REPORT OF DIRECTOR OF HUMAN RESOURCES (10) REPORT OF DIRECTOR OF COMMUNICATIONS (11) REPORT OF GENERAL COUNSEL (12) CONSENT CALENDAR ITEMS (a-e) Consideration of motion to approve all agenda items appearing on the Consent Calendar not specifically removed from same, as follows: .All matters placed on the consent calendar are considered as not requiring discussion or further explanation and unless any particular item is requested to be removed from the consent calendar by a Director, staff member or member of the public in attendance, there will be no separate discussion of these items. All items on the consent calendar will be enacted by one action approving all motions, and casting a unanimous ballot for resolutions !included on the consent calendar. All items removed from the consent calendar shall be considered in the regular I or4er of business. I Members of the public who wish to remove an item from the consent calendar shall, upon recognition by the chair, !,. state their name, address and designate by number the item to be removed from the consent calendar. The Chair will determine if any items are·to be deleted from the consent calendar. a. FAHR00-08: Receive and file Treasurer's Report for the month of January 2000. The Treasurer's Report will be distributed at the FAHR Committee meeting in accordance with the Board-approved Investment Policy, and in conformance to the Government Code requirement to have monthly reports reviewed within 30 days of month end. 2 b. FAHR00-09: c. FAHR00-10: d. FAHRQ0.11: e. FAHR00-12: February 9, 2000 Receive and file Certificate of Participation (COP) Monthly Report. Receive and file Employment Status Report as of January 31, 2000. Receive and file report of General Manager approved purchases in amounts exceeding $50,000 in accordance with Board purchasing policies. Update regarding review of the Sewer Service Fee Program. END OF CONSENT CALENDAR Consideration of items deleted from Consent Calendar, if any. (13) ACTION ITEMS (a-c) a. FAHR00-13: b. FAHRQ0.14: c. FAHR00-15: Receive and file the Mid-Year Financial and Operational Report for the period ending December 31, 1999. (Mike White-10 minutes) Adopt a financial plan to consolidate bookkeeping and rate-setting practices as follows: 1. Combine the assets and liabilities for the separate Revenue Area Nos. 1, 2, 3, 5, 6, 11 and 13 into one consolidated Revenue Area; and, 2. Adopt one financial plan for the consolidated Revenue Areas; and, 3. Adopt one user fee rate for the consolidated Revenue Area Nos. 1, 2, 3, 5, 6, 11 and 13; and, 4. Continue to fund Revenue Area 7 through adopted sewer service user fees; and, 5. Continue to fund Revenue Area 14 by contract with the Irvine Ranch Water District. (Gary Streed -20 minutes) Item removed by staff. 3 February 9, 2000 (14) INFORMATIONAL PRESENTATIONS a. FAHR00-16: Status Report, Restruduring of the District's Existing Certificates of Participation (Steve Kozak -5 minutes) b. FAHR00-17: Long Tenn Benefits of Y2K Planning and Preparation (Patrick Miles-5 minutes) (15) OTHER BUSINESS. COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS. IF ANY (16) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION ANO STAFF REPORT {17) FUTURE MEETING OATES The next Finance, Administration and Human Resources Committee Meeting is scheduled for March 8, 2000, at 5 p.m. 18) CLOSED SESSION jDuring the course of conducting the business set forth on this agenda as a regular meeting of the Committee, the Chair may convene the Committee in closed session to consider matters of pending real estate negotiations, pending or potential litigation, or personnel matters, pursuant to Government Code Sections 54956.8, 54956.9, 54957 or 54957.6, as noted. Reports relating to (a) purchase and sale of real property; (b) matters of pending or potential litigation; (c) employee actions or negotiations with employee representatives; or which are exempt from public disclosure under he California Public Records Act, may be reviewed by the Committee during a permitted closed session and are not available for public inspection. Af. such time as final actions are taken by the Col'mlittee on any of these sub'ects, the minutes will reftect all require~_d_is_c_lo_su_res_o_f_ln_fo_rm_a_tio_n_. _____________ _, A. Convene in closed session. 1. Confer with Real Property Negotiators (General Counsel, General Manager, Assistant General Manager and Director of Engineering) re offer to sell, purchase price, and tenns of payment to BRE/South Coast LLC and McCarthy Cook & Co - South Coast LLC (Government Code Section 54956.8). 2. Confer with General Counsel re claim of Crow Winthrop Development Limited Partnership {Government Code Section 54956.9(b)(3){c)). 3. Confer with District's Labor Negotiators re salaries, benefits, and tenns of employment for employees represented by IUOE Local 501 (Government Code Section 54957.6). B. Reconvene in regular session. C. Consideration of action, if any, on matters considered in closed session. 4 February 9, 2000 (19) ADJOURNMENT Notice To Committee Members: For any questions on the agenda or to place any items on the agenda, Committee members should contact the Committee Chair or Secretary ten days in advance of the Committee meeting. Committee Chair: Committee Secretary: Thomas Saltarelli Penny Kyle (949) 833-9200 (714) 593-7130 5 ·1 Revised MINUTES OF FINANCE. ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING Orange County Sanitation District Wednesday, January 12, 2000, 5:00 p.m. A meeting of the Finance, Administration and Human Resources Committee of the Orange County Sanitation District was held on January 12, 2000 at 5:00 p.m., in the District's Administrative Office. (1) The roll was called and a quorum declared present, as follows: FAHR COMMITTEE MEMBERS: Directors Present: Thomas R. Saltarelli, Chair Mark Leyes, Vice Chair Shawn Boyd Shirley McCracken Mark A. Murphy James W. Silva Jan Oebay, Board Chair Peer Swan, Board Vice Chair OTHERS PRESENT: Tom Woodruff, General Counsel Don Hughes Ryal Wheeler Karen Halusa Emie Schneider Phil Schwartz Edward Cook Dan Schwarz, LAFCO Jeffrey Oderman (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS Directors Absent: John M. Gullixson STAFF PRESENT: Don Mcintyre, General Manager Blake Anderson, Assistant General Manager Lisa Tomko, Acting Director of Human Resources Gary Streed, Director of Finance Michelle Tuchman, Director of Communications David A. Ludwin, Director of Engineering Dawn McKinley, Senior Human Resources Analyst Jeff Reed, Senior Human Resources Analyst Steve Kozak, Financial Manager Mike Moore, ECM Manager Chuck Winsor, Engineering Supervisor Penny Kyle, Committee Secretary Phil Schwartz and Ernie Schneider, representing the developers of South Coast Metro Center and Sakioka Farms, spoke to the Directors regarding an easement owned by the District that is within the planned development of South Coast Metro Center. A letter was sent to the District in October of 1998 requesting the District abandon a portion of the sewer easement or consider an agreement to build-over that portion of the sewer line in order to build a parking structure. Currently the sewer line is not being used. It was stated that the developers will absorb costs to back-fill the line with sand and are prepared to pay their share of the easement but expect the District to abandon it. They further recommended a pro-rata contribution for the easement. The Minutes of the Finance, Administration and Human Resources Committee Meeting Page2 January 12, 2000 project is on a fast track, and the building pennit is to be pulled in February. Accommodation to this request and its schedule would be appreciated. General Counsel advised the Directors that if they wanted to discuss this request and take action, that a two-thirds vote would be required to add this item to the agenda pursuant to Government Code Section 54954.2 and to consider this item in closed session. (4) RECEIVE, FILE AND APPROVE MINUTES OF PREVIOUS MEETING It was moved, seconded and duly carried to approve the minutes of the December 8, 1999 Finance, Administration and Human Resources Committee meeting. (5) REPORT OF THE COMMITTEE CHAIR The Committee Chair had no report. (6) REPORT OF THE GENERAL MANAGER The General Manager advised the Directors that the Kem County acquisition is moving forward. Title work is just beginning and should take about 30 days. He further reported the District was able to avoid paying increased road fees to Kem County by taking solids to Kings County. (7) REPORT OF ASSISTANT GENERAL MANAGER The Assistant General Manager reported that there are ear1y indications that Kem County will be moving against a biosolids applier for failure to maintain a proper1y pennitted site. We do not utilize this site nor this applier. Nevertheless, staff will be watching carefully and keep Directors apprised of new developments because of the impact this could have on general public perceptions in Kem County. (8) REPORT OF DIRECTOR OF FINANCE The Director of Finance reported that the follow-up letter searching out septic tank users in the County had been sent out, and we have discovered there may be less than 2,000 septic tank users. Staff will be working with the county to develop an incentive program to move those users from septic tanks to the sewer, as well as making certain no user fees are charged. (9) REPORT OF DIRECTOR OF HUMAN RESOURCES The Acting Director of Human Resources had no report. (10) REPORT OF DIRECTOR OF COMMUNICATIONS The Director of Communications reported that an orientation had been held for two Directors, Guy Carrozzo of Fountain Valley and Jerry Sigler of Buena Park, who will be appointed to the Board effective January 26, 2000. Ms. Tuchman also reported on a letter sent to the editor of The Wave, the Huntington Beach weekly section of The Register in December. The letter was from a citizen in the southeast area of Huntington Beach and complained about odors coming from Plant 2. No complaints were on I \ Minutes of the Finance, Administration and Human Resources Committee Meeting Page3 January 12, 2000 file with the District from this citizen. Doug Cook will be making a presentation to the City this month for the Southeast Neighborhood Association. The United Way campaign began January 12•h, and a pledge of $2,000 had been received by the end of the first day. (11) REPORT OF GENERAL COUNSEL General Counsel briefly reported on the OCIP bankruptcy issue and the remaining funds that are to be distributed. Mr. Woodruff also reported that last year the Board approved submitting a legislative bill to the State to adjust Directors' compensation to be consistent with water districts. The bill passed through both houses, but the Governor vetoed the bill. It was suggested that Scott Baugh be requested to author the legislation this year. Mr. Woodruff further stated that this item would be placed on the agenda for the January 26th meeting for action. (12) CONSENT CALENDAR ITEMS (Items a-c) a. FAHR00-01 : Receive and file Treasurer's Report for the month of December 1999: The Treasurer's Report was handed out at the FAHR Committee meeting in accordance with the Board-approved Investment Policy, and in confonnance with the Government Code requirement to have monthly reports reviewed within 30 days of month end. b. FAHR00-02: Receive and file Certificate of Participation (COP) Monthly Report. c. FAHR00-03: Receive and file Employment Status Report as of December 21, 1999. Motion: END OF CONSENT CALENDAR Moved, seconded and duly carried to approve the recommended actions for items specified as 12(a) through (c) under Consent Calendar. (13) ACTION ITEMS (Items a-c) a. FAHR00-04: Consider annexation and capital facilities capacity charges as due and payable at the time of the 1967 Agreement and direct staff to negotiate a property tax transfer in connection with the Midbury Neighbomood Reorganization, Gary Streed, Director of Finance, gave a brief report. Because the annexation involves property from another county, a tax rate factor is automatically established by statute. Motion: Moved, seconded and duly carried to approve stafrs recommendation as set forth in the agenda staff report dated January 12, 2000 and incorporated herein. Minutes of the Finance, Administration and Human Resources Committee Meeting Page4 January 12, 2000 b. F AHR00-05: Approve participation in a cooperative project with the City of Huntington Beach and County of Orange for follow-up studies related to the Huntington Beach closure investigation for an estimated amount not to exceed $83,383, with the balance to be funded by the City of Huntington Beach and the County of Orange. Blake Anderson, Assistant General Manager, gave a brief update on this item and requested that the motion be amended to an estimated amount not to exceed $88,633. Motion: Moved, seconded and duly carried to approve staff's recommendation. c. FAHR00-06: Authorize the Director of Finance to execute the December 20, 1999 Letter of Consent for assignment of the September 1, 1995 Investment Management Agreement from PIMCO, a Delaware general partnership, to PIMCO, a Delaware limited liability company and indirect subsidiary of Allianz AG. Motion: Moved, seconded and duly carried to approve staff's recommendation. (14) INFORMATION PRESENTATIONS There were no infonnational presentations. (15) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY a. Authorize consideration of Item 15 (b) listed below which arose subsequent to the posting of the agenda and which requires action at this time pursuant to authority of Government Code Section 54954.2(b}(2}. Motion: Moved, seconded and duly carried to authorize consideration of Item 15(b}. b. FAHR00-07: Approve Consultant Agreement with Ictus Consulting, LLC for development of a District-Wide Records Management Program, Specification No. 9900-06, for an amount not to exceed $208,230. Motion: Moved, seconded and duly carried to approve staff's recommendation. (16) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT Director Swan requested the Committee be provided with status reports regarding the sewer service user fee database corrections. (17) CONSIDERATION OF UPCOMING MEETINGS The next FAHR Committee meeting is scheduled for February 9, 2000 at 5 p.m. ( Minutes of the Finance, Administration and Human Resources Committee Meeting Page5 January 12, 2000 Minutes of the Finance, Administration and Human Resources Committee Meeting Page6 January 12, 2000 (18) CLOSED SESSION The Chair reported to the Committee the need for a Closed Session, as authorized by Government Code Section 54956.9, to discuss and consider the item that is specified as Item 18(A)(1) on the published Agenda. General Counsel also indicated a need to add one item that arose subsequent to the publication of the agenda. He reported that additional items could be added pursuant to Govemment Code Section 54954.2(b){2), upon a two-thirds' vote of the Directors. No other items would be discussed or acted upon. MOVED, SECONDED AND DULY CARRIED: That the request of developers of the South Coast Metro Center to purchase an easement owned by the District and to abandon a sewer line be added as Item 18{a)(2) to closed session for purposes of instructing the District's negotiator on the willingness to sell and the purchase price and terms. The Committee convened in closed session at 6:29 p.m. Confidential Minutes of the Closed Session held by the Finance, Administration and Human Resources Committee have been prepared in accordance with California Government Code Section 54957.2, and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. No reportable actions were taken re Agenda Item Nos. 18(a){1) and (2). At 7:42 p.m., the Committee reconvened in regular session. (19) ADJOURNMENT The Chair declared the meeting adjourned at approximately 7:42 p.m. \\tadon'tdsta1\wp.dts\agenda\FAHR\FAHR2000\2000 Mlnutes\011200 FAHR MIN.doc FAHR COMMITTEE Meeting Date To Bd. of Dir. 02/09/00 N/A AGENDA REPORT Item Number Item Number FAHR00-09 Orange County sanitation District FROM: Gary Streed, Director of Finance Originator: Steve Kozak, Financial Manager SUBJECT: CERTIFICATES OF PARTICIPATION (COP) MONTHLY REPORT - JANUARY 2000 GENERAL MANAGER'S RECOMMENDATION Receive and file Certificates of Participation (COP) Monthly Report for the month of January 2000. SUMMARY Since June 1995, the daily rate COP program remarketing agents have been PaineWebber for the Series AA= and the 1993 Refunding COPs, and J.P. Morgan for the Series AC: COPs. Most fixed rate Series AB: COPs have been refunded and the 1992 Refunding COPs have always been remarketed by PaineWebber in a weekly mode. PROJECT/CONTRACT COST SUMMARY None. BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. [8J Not applicable (information item) ADDITIONAL INFORMATION For the month of January 2000, graphical and tabular reports are attached. The first graph entitled, "OCSD COP Rate History Report," shows the variable interest rates on each of the daily rate COPs since the last report, and the effective fixed rate for the two refunding issues which are covered by an interest rate exchange agreement commonly called a Aswap.: H:\wP.dta\agendtl\FAHRIFAH~ Agenda Reports\FAHR00-09.doc R9'11Md:8120198 Page 1 The second bar chart entitled, "Comparative Daily COP Rate History Report," shows the performance of the District's Daily Rate COPs as compared to a composite index rate, which represents the average rate of six similar variable rate daily reset borrowings. The third bar chart entitled, "COP Rate History, Comparison of Highest & Lowest Rates," compares the performance (monthly average interest rate) of the Districfs Daily Rate COPs with the highest and lowest monthly average rates from among six similar variable rate daily reset COPs. The table entitled, "COP Rate History, Comparison of Monthly Averages," shows the monthly variable interest rate performance of the District's Daily Rate COPs as compared to the composite index. Estimated annual interest payments calculated for a standard $100 million par amount, are also shown. Variable rates historically rise at the end of each calendar quarter, and especially at year-end, because of business taxes and liquidity requirements. The rates tend to decline to prior levels immediately in the following month. Staff maintains continuous rate monitoring and ongoing dialog with the remarketing agents to keep the Committee fully informed about developments in the program as they may occur. ALTERNATIVES None. CEQA FINDINGS None. ATTACHMENTS 1. Graph -OCSD COP Daily Rate History Report 2. Graph -Comparative Daily COP Rate History Report 3. Graph-COP Rate History, Comparison of Highest & Lowest Rates 4. Tabular-COP Rate History, Comparison of Monthly Averages GGS:SK:lc H:Wwp.dtl'agenda1FAHRIFAHR20000000 Agenda Repo<ts\FAHR00-09.0oc: R...t&ed: 8/20/98 Page2 G') "'O l c Ci > 1l ..... RATE(%) !. ~ m ~ !SI 0 -N (,.> .. °' 0) ,, ::::J s ~ 0 0 0 0 0 . 0 0 ~ 0 0 0 0 0 0 0 JD f 03-Feb-99 0 ~ "ii 17-Feb-99 ;;:; 3" ~ Ill ::::J ~ 03-Mar-99 -$ 0 > ~ -I m 17-Mar-99 > :c ~ c;; ;-i ~ 31-Mar-99 0 14-Apr-99 0 en 28-Apr-99 0 12-May-99 0 0 26-May-99 '"tJ 09-Jun-99 c ++ c... )> 23..Jun-99 -)> ~ )>"'O z (5~. 07-Jul-99 ::::J c: ~ cnm ~~ 21-Jul-99 )> A>(!) C" ~ -I C" CD 04-Aug-99 .., m .. 18-Aug-99 N :c 0 - 01-Sep-99 0 en ++ 0 -I 15-Sep-99 0 enc... ~ o · (') :-0 29-Sep-99 G)~ mo ~ 13-0ct-99 ::a ~m m m::::J 27-0ct-99 '"tJ 0 10-Nov-99 ~ 24-Nov-99 08-Dec-99 22-Dec-99 05..Jan-OO 19..Jan-OO Prepared by Finance, 02{01 12000, 10:45 AM COMPARATIVE DAILY COP RATE HISTORY REPORT JANUARY, 2000 ~ -~ 3.00 +------------, ~ 2.00 1.00 0.00 DATE CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) CJ) .t:i ..: ..: >; c '3 di ci 1f > '5 Cl) cu ~ cu ~ ..., ~ Cl) 0 0 Cl) LL ~ ~ ..., en z c •ocso C COMPOSITE INDEX G :\excel .dta\fin\2220\geggi\Finance\dailycopintrete.xls 0 0 c I'll ..., -~ 0 -w .... ~ 3.60 3.50 3.40 3.30 3.20 3.10 3.00 2.90 2.80 2.70 2.60 2.50 2.40 2.30 2.20 f::t!ruf LOW LEH/SCE SBnRWO, m Highest rate G:\excel.dta\fln\2220~eggl\Flnance\RATEHIST _HILO _bargraph COP RATE HISTORY COMPARISON OF HIGHEST & LOWEST RATES LEHISCE PW/OCSOnRWOMIESTRIV ClOCSD/J.P. Morgan LEHISCE JP/OCSO • OCSD/PaineWebber LEWSCE PW/WEST'RIV c:J Lowest rate ILEK/SCE LEHllRWO Prepared by Finance, 02/01/2000, 11 :16 AM Prepared by Finance, 02/01/2000, 10:'48 AM Feb-99 Mar-99 Apr-99 May-99 Jun-99 Jul-99 Aug-99 Sep-99 Oct-99 Nov-99 Oec-99 Jan-00 AVERAGE DAILY COP RA TE HISTORY COMPARISON OF MONTHLY AVERAGES FEBRUARY, 1999 -JANUARY, 2000 ocso $100M $98.SM $46M Series" A" Series"C" Series 93 Ref PaineWebber J.P. Morgan PaineWebber 2.30 2.28 2.30 2.72 2.66 2.72 2.88 2.83 2.88 3.3'4 3.33 3.34 3.30 3.25 3.30 2.35 2.36 2.35 2.82 2.82 2.82 2.98 2.97 2.98 2.99 3.01 2.99 3.36 3.30 3.36 2.93 3.01 2.93 2.51 2.53 2.51 2.66% 2.65% 2.66% ESTIMATED ANNUAL INTEREST PAYMENTS PER $100M PAR AMOUNT $ 2,664,167 $ 2,651,667 $ 2,66'4,167 *FOOTNOTE Composite index consists of the following COP transactions: • IRWO, Series 86, $60M, Smith Barney • IRWO, Series 93 "A" Refunding, $87.6M, Bankers Trust • IRWO, Series 93 "B" Refunding, $'41.8M, J.P. Morgan • IRWO, Series 95 Refunding, $117.SM, PaineWebber Composite Index* 2.32 2.70 2.86 3.34 3.28 2.36 2.83 2.98 3.03 3.38 2.97 2.50 2.67% s 2,670,833 , Westem Riverside Co. Reg. Wastewater Auth., Series 96, $25.4M, PaineWebber • Orange Co., Irvine Coast Asst. Dist. 88-1, $94.SM, J.P. Morgan • SCE, $192M, Lehman G:\excel.dta\fin\2220\geggi\Flnance\COPdaily$rate comparison FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Lisa Tomko, Acting Director of Human Resources Originator: Janet Gray, Human Resources Assistant Meeting Date 2/09/00 Itl!m Number FAHR00-10 SUBJECT: EMPLOYMENT STATUS REPORT AS OF JANUARY31 , 2000. GENERAL MANAGER'S RECOMMENDATION Receive and file the Employment Status Report. SUMMARY Total FTE headcount at the District as of January 31 , 2000 is 497.00. PROJECT/CONTRACT COST SUMMARY Not applicable. BUDGET IMPACT 0 This item has been budgeted. (Line item: ) D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. ~ Not applicable (information item) ADDITIONAL INFORMATION To Bd. of Dir. 02/23/00 Item Number The District had a full-time equivalent (FTE) headcount of 497.00 as of January 31 , 2000. The actual number of employees was 507. There were 3 promotions in the month of January: • From: To: • From: Senior Accounting Clerk (Accounting) Part-time Secretary (Purchasing) Accountant (Accounting) To: Human Resources Analyst (Human Resources & Employee Development) • From: To: Senior Maintenance Supervisor (Mechanical Maintenance) Maintenance Manager (Mechanical Maintenance) llradon\data11wp.dta\agenda\FAHRIFAHR2000\2000 Agenda Reports\FAHR00.10 .dot ReviMd: 8/20/98 Page 1 There were five new employees hired during the month of January: • Office Specialist (Human Resources & Employee Development) • Mechanic (Plant Facilities Maintenance) • Associate Engineer II (Source Control) • Buyer (2) (Purchasing) ALTERNATIVES Not applicable. CEQA FINDINGS Not applicable. ATTACHMENTS January 31, 2000 Employment Status Report. Performance compared to 3-Year Staffing Plan. \lnldon\cllla1~.dbl\aglndll1FAHRIFAHR2000\2000 Agenda RepC>ltalFAHR00.10 .dot RllYIMd: 8l20IQ8 Page2 01131/2000--12:37 PM Employment Status Report Regular Regular Actual Vacant Budget Plan Plsn Positions Regular Psrt-time Part-time FTE Positions FTE FTE FTE w/in Final plan Full-time 20hours 30hours Contract Intern LOA Count FYH-00 99-00 00-01 01-02 {FY01•021 110 -General Management Ad min 4.00 0.00 0.00 0.00 0.00 0.00 4.00 0.00 4.00 4.00 4.00 0.00 Total General Management 4.00 0.00 0.00 0.00 0.00 0.00 4.00 0.00 4.00 4.00 4.00 0.00 210 ·Finance Administration 4.00 0.00 0.00 0.00 o.oo 0.00 4.00 0.00 4.00 4.00 4.00 0.00 220 -Accounting 14.00 0.00 0.00 0.00 0.00 0.00 14.00 2.00 16.00 16.00 16.00 2.00 230 • Purchasing & Warehousing 14.00 1.50 0.00 0.00 o.oo 0.00 15.50 3.50 17.50 17.50 17.50 2.00 Total Finance 32.00 1.50 0.00 0.00 0.00 0.00 33.50 4.00 37.50 37.SO 37.50 4.00 310-Communications 8,00 0.00 0.00 0.00 0.00 1.00 9.00 0.00 9.QO 9.00 9.00 0.00 Total Communications 8.00 0.00 0.00 0.00 0.00 1.00 9.00 0.00 9.00 9.00 9.00 0.00 510 ·HR & Employee Development 10.00 0.50 0.00 0.00 0.00 0.00 10.50 2,00 10.25 10.25 10.25 --025 Total Human Resources 10.00 a.so 0.00 0.00 0.00 0.00 10.50 -0.25 10.25 10.25 10.25 .0.25 810 ·Technical Sel'llices Admin 2.00 0.00 0.00 0.00 0.00 0.00 2.00 0.00 2.00 2.00 2.00 0.00 620 • Environmental Compliance & Monitoring 17.00 0.00 0.00 0.00 1.00 0.00 18.00 2.50 20.50 20.50 20.50 2.50 630 • Environmental laboratory 29.00 2.00 0.00 0.00 0.50 0.00 31.50 0.50 32.00 32.00 32.00 0.50 840 • Soutce Control 33.00 0.00 0.75 0.00 0.00 0.00 33.75 0.00 33.75 33.75 33.75 o.oo 650 -Salety & Emergency Response 7.00 0.00 0.00 0.00 0.00 0.00 7.00 0.50 7.50 7.50 7.5Q 0.50 0.00 Total Technical Servie11s 88.00 2.00 0.75 0.00 1.50 0.00 92.25 3.60 95.75 95.75 95.75 3.50 710-Engineering Administration 3.00 0.00 0.00 0.00 0.00 0,00 ~.00 0.00 3.00 3.00 3.00 0.00 720 • Planning & Design Engineering 30.00 0.00 0.75 0.00 0.50 0.00 31.25 4.00 35.25 35.25 35.25 4.00 730 • Construction Management 35.00 0.00 0.00 0.00 0.00 1.00 36.00 0.75 36.75 36.75 36.75 0.75 'total Enqineering 68.00 0.00 0.75 0.00 0.50 1.00 70.25 4.75 75.00 75.00 75.00 4.75 420 -Collection Facilities Mtce 16.50 0.00 0.00 0.00 0.00 0.00 16.50 1.00 17.50 19.50 19.50 3.00 430 • Plant Maintenance 29.50 0.00 0.00 0.00 0.00 0.00 29.50 0.00 29.50 29.50 28.50 -1.00 81 O • o & M AdmlnlStration 2.00 0.00 0.00 0.00 0.00 0.00 2.00 1.00 3.00 2,00 2.00 0.00 820 • 0 & M Process Support 9.00 o .. oo 0.00 0.50 0.60 0.00 10.00 o.oo 10.00 9.25 9.25 ·0.75 830 • Plant 1 Operations 32.00 0.50 0.00 0.00 0.00 0.{)0 32.50 0.83 33.33 34.33 34.33 1.83 840 • Plant 2 Operations 39.00 0.00 0.00 o.oo 0.00 0.00 39.00 0.33 39.33 37.33 37.33 -t,67 850 • Mechanical Mice 45.00 0.00 0.00 0.00 0.00 0.00 45.00 0.50 45.50 45.50 46.50 0.50 860 • Bactrical & Instrumentation Mtce 55.00 0.00 0.00 0.00 0.00 0.00 55.00 0.50 55.50 55.50 55.50 0.50 870 • Cogeneration 9.00 o.oo 0.00 0.00 0.00 0.00 9.00 1.34 10.34 10.34 10.34 1.34 880 • Air Quality & Special Projects 9.00 0.00 0.00 0.00 1.00 0.00 10.00 0.00 10.00 9.50 9.50 -0.50 Total Ooerations & Maintenance 246.00 0.50 0.00 0.50 1.50 0.00 248,50 5.50 254.00 252.75 251.75 3.25 910 ·IT Admin 2.00 0.00 0,00 0.00 0.00 0.00 2.00 0.00 2.00 2.00 2.00 o.oo 930 • Customer & Network Support 11.00 0.00 0.00 0.00 0.00 1.00 12.00 3.00 15.00 15.00 15.00 3.00 940 -Programming & Database Sys 7.00 0.00 0.00 0.00 o.oo 0.00 7.00 0.00 7.00 7.00 7.00 0.00 950 • Process Controls Integration 8.00 0.00 0.00 0.00 0.00 0.00 8.00 1.00 9.00 9.00 9.00 1.00 Total Information Technoloav 28.00 0.00 o.oo 0.00 0.00 1.00 29.00 4.00 33.00 33.00 33.00 4.00 Total Stllfflno 484.001 4.501 1.501 o.sol 3.501 3.00 497.00 21.50 518.SO 517.25 516.25 19.25 Offers Outstanding: 2.50 Recruitments pondl'!.9• but not otfered: s.oo Actual FTE'a with current 1'9CNltmante flDed: 504.50 Performance to 3-Year Staffing Plan 550 •-540 ..... _ ·---------. ..... - 530 ..... -·----.... ...... ·-...... -----·-520 ..... ..... ~ ·-· ·-·-·-·-·-·-·-·-·-·-·-·-·-·-·-·-·-·-·-· & ,.... ~ "' 510 -........._ ..... & "" ~ 500 ----.. ~ .... ~ ..... ~ ....._.... ~ ~ ~ .... 490 480 • FTE Headcount --• • -3 Year Staffing Plan 470 I I I I I ' I I I ' I ' ' I I ' I I I ' ' J A s 0 N D J F M A M J J A s 0 N D J F M A M J I FY 98-99 I I FY 99-00 I FAHR COMMITTEE Meeting Date To Bd. of Dir. 2/9/2000 N/A AGENDA REPORT Item Number Item Number FAHR00-11 Orange County Sanitation District FROM: Marc D. Dubois, Contracts I Purchasing Manager SUBJECT: GENERAL MANAGER APPROVED PURCHASES GENERAL MANAGER'S RECOMMENDATION Receive and file report of General Manager approved purchases in amounts exceeding $50,000 in accordance with Board purchasing policies. SUMMARY In May 1998, the FAHR Committee and the Board approved changes to the staff purchasing authority. One of the changes was to increase the dollar threshold before Board authority was required for purchases of goods or services, excluding public works purchases, to $100,000. When approving this change, the Committee asked for periodic reports showing purchases approved by the General Manager for amounts between $50,000 and $100,000. Subsequent to receiving the initial report, the Committee requested that future reports be placed on the Consent Calendar. Vendor Name Amount Description/Discussion V & A Consulting Engineers $75,070.00 Evaluating H2S odor treatment National Plant Services $65,000.00 Emergency work for H.B. Beach closure -Coast trunk sewer National Plant Services $57,812.50 Emergency work for H.B. Beach Closure -debris removal 84" pipe Aztec Supply Company $60,391.53 Supply and install a free standing mezzanine Foothill Engineering & $68,449.51 Emergency work for H.B. Beach Dewatering, Inc. Closure -Bypass pumping WS Atkins Water $65,000.00 Test of ultrasonic treatment of digester sludge Jamison Engineering $50,000.00 Emergency demolition and Contractors, Inc. replacement of trickling filter Page 1 Section 10 of Resolution 98-21, the District's Purchasing and Contracts Award Resolution, authorizes the Purchasing/Contracts Manager to purchase items that have "appropriate budgetary approval." During the budget adoption process, the lists of these items were highlighted for the Directors. For these reasons, purchases that fell into these categories are not included in this report. PROJECT/CONTRACT COST SUMMARY NIA BUDGET IMPACT D This item has been budgeted. 0 This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. ~ Not applicable (information item) ADDITIONAL INFORMATION NIA ALTERNATIVES NIA CEQA FINDINGS NIA ATTACHMENTS None. Page2 FAHR COMMITTEE Meeting Date 02109/00 AGEHDA REPORT Item Number FAH.R00-12 Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Jeff Esber, Principal Accountant SUBJECT: UPDATE REGARDING REVIEW OF THE SEWER SERVICE FEE PROGRAM GENERAL MANAGER'S RECOMMENDATION This is an informational report, no action is required. SUMMARY To Bd. of Dir. N/A Item Number In May of 1999, Commercial Resources Tax Group (CRTG) was hired by the District to review specifically identified and mutually agreed upon areas of the District Sewer Service Fee Program. These are property parcels that are identified as under-assessed or not assessed a yearly sewer service fee. CRTG will also review the District's method of establishing sewer service fee rates and recommend alternative methods based on their experience. PROJECT/CONTRACT COST SUMMARY Sewer service user fee revenues of over $2 million per year have been identified with one phase of the project remaini!lg. BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. ~ Not applicable (information item) ADDITIONAL INFORMATION Revenue staff obtained specific reports extracted from the District and County database that address properties determined to be under-assessed or not assessed a sewer service fee. One of the two primary areas of concern was the properties that had a use code of 018. This particular code is for a parcel that has two or more different types of uses on the property. Because the County considered this multiple use code part of the multi-family rate structure, it was assessed a per unit fee based on the number of units on the property rather than on the correct use of the property. This report produced a list of 824 parcels. H:~.d!a~IFAHRIF~ Agenda Repolls\FAHR00-12doc Revised: 8/20/98 Page1 The second area of concern was the 118 use code, which is for government owned properties. These properties are wholly exempt from property taxes and there is no useful data in the system to assess a sewer service fee. Staff requested a report that would identify any parcels that were not assessed a fee but had an improvement value of $25,000 or greater. This report produced a list of 2,298 parcels of which 611 were identified as governmental parcels (118 use code). Staff and CRTG determined that the code 018 parcels and the code 118 parcels should be the first to be reviewed. It was determined these parcels would create the largest amount of revenue and they should be reviewed prior to processing the 1999-00 billing cycle. Completion of these two projects created additional revenue of $836,800 for 018 use code parcels, and $205,800 for 118 use code parcels. These adjustments were updated and processed into the 1999-00 sewer service fee cycle. Once 1999-00 processing was complete, CRTG focused on the remaining parcels with improvements greater than $25,000. This phase produced $973,700 of additional sewer service fee revenue for 2000-01 . Currently CRTG is reviewing the three different use code categories for shopping centers. The County codes all parcels within a shopping center one of these three shopping center use codes, regardless of actual use. CRTG is identifying the standalone parcels within a shopping center that have a different use code, for example a restaurant, and is providing the District the correct code related to the parcel. Staff and CRTG have also proposed that there should be three different shopping center categories with three different water use rate factors per 1,000 square feet: low volume (100 gpd), average volume (200 gpd), and high volume users (325 gpd). CRTG will continue to review the shopping centers with multiple uses on the same parcel and will determine which category they should be coded according to statistical consumption data related to the various uses. They will then report all the shopping center related data for processing. This project phase involves approximately 1,300 parcels and will be completed by March 31. Once this phase is complete, CRTG will be close to completing the overall project and reviewing the originally estimated number of parcels. Staff requested an acceleration of the schedule in the original agreement and CRTG will complete the 24-month project in less than 11 months. ALTERNATIVES None CEQA FINDINGS N/A ATTACHMENTS None. H:\wp.dta\llgenda\FAHRIFAHR20Cn2000 ~da Reporta1FAHR~12.doc RMed: 8l20llle Page2 FAHR COMMITTEE AGENDA REPORT Orange County sanitation District FROM: Gary G. Streed, Director of Finance Originator: Michael D. White, Controller Meeting Date 02/09/00 It2m Number FAHR00-13 SUBJECT: RECEIVE AND FILE THE MID-YEAR REPORT FINANCIAL AND OPERATIONAL REPORT FOR THE PERIOD ENDED DECEMBER 31, 1999 GENERAL MANAGER'S RECOMMENDATION Receive and file the Mid-Year Financial and Operational Report for the period ending December 31, 1999. SUMMARY Attached, in a separately bound document, is the District's Mid-Year Report for the period ended December 31, 1999. This report is a consolidation of both the financial and operational accomplishments of the District at the mid-point of the 1999-00 fiscal year. Contained within the Mid-Year Financial Report are budget summary reviews of the Joint Operating & Working Capital Funds, the Capital Improvement Program, individual Revenue Areas, and the self-insurance funds. Also contained within this report is the status of the divisional performance objectives and workplan milestones identified in the 1999-00 Approved Budget. As indicated within the Overview Section of this report, 48. 78 percent, or $21,464,000 of the 1999-00 net joint operating budget of $44.0 million has been expended. Net costs have increased 5.88 percent in comparison with the same period last year. The total cost per million gallons at December 31, 1999 is $488.57 based on flows of 43.9 billion gallons, or 238.76 million gallons per day. This is $6.33, or 1.31 percent above the budgeted cost per million gallons of $482.24. Capital improvement outlays for the first half of the year were·27.2 percent of budget, or $25, 168,500. H:lwp.dlalagenda\FAHR\FAH~ A119"da Reporta\FAHR00.13.doc RtMsecl: 115196 Page 1 To Bd. of Dir. 02/23/00 It2m Number PROJECT/CONTRACT COST SUMMARY NIA BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. [81 Not applicable (information item) ATTACHMENTS 1. District's Mid-Year Financial and Operational Report for the period ended December 31, 1999. ~.dlaWgenda\FAHR\FAHR20000000 Agenda Repotts\FAHROM3,doc RMed: 115198 Page2 FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Donald F. Mcintyre, General Manager Originator: Gary G. Streed, Director of Finance Meeting Date To Bd. of Dir. 02/09/00 02/23/00 Item Number I~m Number FAHR00-14 SUBJECT: PROPOSAL FOR FINANCIAL CONSOLIDATION OF REVENUE AREAS 1, 2, 3, 5, 6, 11, AND 13, AND FORA SINGLE USER FEE RATE STRUCTURE FOR THE CONSOLIDATED REVENUE AREAS. (CURRENT REVENUE AREAS 7 AND 14 TO CONTINUE CURRENT REVENUE PROGRAM.) GENERAL MANAGER'S RECOMMENDATION The General Manager recommends adoption of a financial plan to consolidate bookkeeping and rate-setting practices for the District as follows: 1. Combine the assets and liabilities for the separate Revenue Area Nos. 1, 2, 3, 5, 6, 11 and 13 into one consolidated Revenue Area. 2. Adopt one financial plan for the consolidated Revenue Areas. 3. Adopt one user fee rate for the consolidated Revenue Area Nos. 1, 2, 3, 5, 6, 11 and 13. 4. Continue to fund Revenue Area 7 through adopted sewer service user fees. 5. Continue to fund Revenue Area 14 by contract with the Irvine Ranch Water District. SUMMARY Because of the variance in rates and abilities to pay among the Revenue Areas, the recent consolidation of the individual Districts into one District, and a shift in our service paradigm to a regional focus and mission, some Directors and staff have considered a basic change in the bookkeeping and rate-setting practices for the District. Basically, this change would combine the assets and liabilities for several of the separate Revenue Areas into one Revenue Area and then adopt one financial plan, including one user fee rate. Revenue Area 7 would continue to be funded through the adopted fee structure, and Revenue Area 14 would continue to be funded by the existing contracts with the Irvine Ranch Water District. There are certain advantages to a one District, one rate policy. • Bookkeeping and accounting are simplified • Auditing is simplified • Issuing long-term financing is simplified • Staffing and financing costs are reduced H:\wp.dlalagenda\FAHRIFAHR~ Agenda Reports\FAHR00-14.doc R~: 8l20l98 Page 1 • Establishing sewer service fees is simplified • The annual sewer service fee would have been decreased substantially for 203,620 EDUs in 1999-2000 (average decrease would have been $18.08). There are also disadvantages and special situations that must be taken into consideration. • The annual sewer service fee would have been inaeased for 651,000 EDUs in 1999-2000 (increase is $1/yr. for 548,700 EDUs and $11/yr. for 102,300 EDUs). • Revenue Area 7 is uniquely responsible for approximately 200 miles of local sewers. • Revenue Area 13 receives none of the property taxes paid by users. • Revenue Area 14 is funded by the IRWD and receives no property tax or user fees directly from property owners. • Revenue Areas 13 and 14 have very little debt and have paid "cash" for most of their share of facilities. • Each of the Revenue Areas has different levels of cash reserves and net assets. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. f8I Not applicable (information item) ADDITIONAL INFORMATION See attached Staff Report. ALTERNATIVES Some Directors may agree that the annual sewer service user fee in RA 1 is higher than may be appropriate, but may not yet be willing to consolidate the fees. A potential alternative is for the other RA's to compensate RA 1 for the assessed value and property tax lost to regional governmental tax-exempt properties. In order for the average assessed value per EDU in RA 1 to equal the average, $3,563,463,200 would need to be added to the RA 1 assessed value. At the equivalent tax rate in RA 1, that additional value would generate $983,337. Using the assessed value per capita method, the additional property taxes would be $1,861 , 197. If RA 1 had additional revenues of this amount, the 1999-2000 annual user fee for a SFR could be reduced from $110.04 to $84.70. H:lwp.dla~IFAHRIFAH~ Agenda Reports\FAHR00.1<4.doc R9'<ised: 8/20l98 Page2 CEQA FINDINGS NIA ATTACHMENTS 1. Staff Report 2. Summary Cash Flow Projection 3. One District, Excluding RA? and RA 14, Cash Flow Projection 4. RA7 Summary Cash Flow Projection 5. RA 14 Summary Cash Flow Projection 6. Chart -Annual SFR Rates Projection 7. Combining Balance Sheet, June 30, 1999 H:lwp.dlalllgenda\FAHRIFAHR20<Jl)200() Agenda Repol!s\FAHR00-14.doc R~: 8/20lll6 Page 3 February 1, 2000 STAFF REPORT Proposed Rate Structure In 1947 a blue-ribbon panel recommended the creation of individual Sanitation Districts to serve all of Orange County. In 1954 County Sanitation Districts of Orange County Nos. 1, 2, 3, 5, 6, 7 and 11 joined together to own and operate treatment and disposal facilities. Between 1954 and 1979 these Districts established annual budgets and property tax rates in order to provide necessary sewage collection treatment and disposal services. The individual property tax rates were a function of both financial need and property assessed valuation. The passage of Proposition 13 in 1978 changed the funding process. No longer were the Districts able to establish property tax rates sufficient to meet their needs. In fact, the Districts had no control over property tax rates. Additionally, assessed values were reduced for many parcels and future assessed value growth was limited. In 1979, in an effort to develop a permanent tax allocation method to implement Proposition 13, the State Legislature adopted Assembly Bill 8. Basically, AB 8 allocates the total "1 % basic levy" collected within the County, adjusted first for redevelopment agencies, to each of the taxing agencies in the same ratios as those agencies received property taxes in 1979-80. Since both the ratios and the 1 % rate are fixed, the only property tax variable is assessed value. Because the various Sanitation Districts had a pay-as-you-go philosophy and differing capital and operating funding needs in the late 1970's, they had differing property tax rates. The result of all of this is differing "effective tax rates" in each of the current Revenue Areas as follows: RJA 1998-99 AV Effective Tax Rate Tax Allocation 1 $ 6,513,664,662 .00027595 $1 ,797,414 2 35,082,620,856 .00028162 9,879,842 3 33,838, 165,681 .00031991 10,825,321 5 10,871,149,227 .00026484 2,879,1 52 6 5,934,887.167 .00022281 1.322,326 7 16,034,002,091 .00019568 3.137,591 11 9,021 ,892,230 .00024819 2,239,175 13 2,796,831.476 0 0 14 14,495,514,969 0 0 OCSD • P.O. Box 8127 • Fountain Valley, CA 92728-8127 • {714) 962-2411 Proposed Rate Structure Page 2 February 1, 2000 "Supplemental" User Fees In 1979 the Board of Directors adopted a Revenue Program. Such a program was a requirement of the Federal Clean Water Act and of the Districts' participation in the Clean Water Grant program. The Revenue Program provided that property taxes would continue to be the basic revenue source for the Districts. All industrial users and large commercial users would pay an additional charge based upon their actual quantity and strength of sewage discharged to our system. Finally, as property tax and other revenues became insufficient to fund the costs of operating, maintaining, rehabilitating and constructing necessary sewerage facilities, a "supplemental" user fee was authorized for all users. The need for these supplemental user fees did not arise in each of the Districts at the same time or in the same magnitude. The following schedule indicates the initiation date and rate, the current rate, and the projected rate in ten years. The amounts shown are the annual rates for a single-family residence; different rates are charged for multi~ family and for non-residential users. District or Projected Revenue Implementation Initial 1999-2000 2008-09 SFR Area Date SFR Rate SFR Rate Rate 1 1984 $26.40 $110.04 $250.00 2 1990 55.00 76.00 102.00 3 1989 30.36 76.00 94.00 5 1982 26.40 87.50 87.50 6 1983 26.40 80.00 86.00 7 1991 40.00 66.00 129.00 11 1988 26.40 90.00 170.00 13 1985 70.00 100.00 100.00 14 N/A N/A NIA N/A Because of the variance in rates and abilities to pay among the Revenue Areas, the recent consolidation of the individual Districts into one District, and a shift in our focus to a regional viewpoint and mission, some Directors and staff have considered a basic change in the bookkeeping and rate-setting practices for the District. Basically, this change would combine the assets and liabilities for several of the separate Revenue Areas into one Revenue Area and then adopt one financial plan, including one user fee rate. Revenue Area 7 would continue to be funded through the adopted fee structure while other issues are resolved over the next year or two. Revenue Area 14 would continue to be funded by existing contracts with the Irvine Ranch Water District. There are certain advantages to a one District, one rate policy. • Bookkeeping and accounting are simplified Proposed Rate Structure Page 3 February 1, 2000 • Auditing is simplified • Issuing long-term financing is simplified • Staffing and financing costs are reduced • Establishing sewer service fees is simplified • The annual sewer service fee would have been decreased substantially for 203,620 EDUs in 1999-2000 (average decrease is $18.08). There are also disadvantages and special situations that must be taken into consideration. • The annual sewer service fee would have been increased for 651,000 EDUs in 1999-2000 {increase is $1/yr. for 548,700 EDUs and $11/yr. for 102,300 EDUs). • Revenue Area 7 is uniquely responsible for approximately 200 miles of local sewers. • Revenue Area 13 receives none of the property taxes paid by users. • Revenue Area 14 is funded by the IRWD and receives no property tax or user fees directly from property owners. • Revenue Areas 13 and 14 have very little debt and have paid "cash" for most of their share of facilities. • Each of the Revenue Areas has different levels of cash reserves and net assets. Issues Outstanding Debt All of the Revenue Areas have issued some certificates of participation (COPs) to pay for collection and treatment facilities. The annual principal and interest payments are made from property taxes. User fees are used for some of the COP service in Revenue Area 1, and for all of it in Revenue Areas 13 and 14. The outstanding COPs in Revenue Areas 13 and 14 amount to $1,998,245. This debt could be sold to the District thereby taking it off the books of RA 13 and 14, along with an equal amount of cash, and putting it on the books of the District. In this manner the current debt service of the District would continue to be paid from property taxes. Since Revenue Areas 13 and 14 receive no property taxes and would have no outstanding COPs, they would not be participating. Future COPs would be issued by the District, and principal and interest payments would be made from future user fees. Cash Reserves and NetAssets While we all prefer to measure our economic or financial position by considering our ,cash and other assets, a more proper measure for the District would be net assets. In our case, net assets is the sum of our cash reserves and fixed assets, less the sum of Proposed Rate Structure Page4 February 1, 2000 accumulated depreciation, outstanding debt and other liabilities. The distribution of net assets is shown in the following table: RIA NET ASSETS Total Per Per $1,000 RIA Net Assets Capita Per MG Per EDU Per Acre AV 1 $ 35,927,871 $ 159 $3,820 $ 494 $2,983 $ 5.52 2 263,057,403 426 9,544 984 3,874 7.50 3 265,754,909 371 10,039 945 4,068 7.85 5 65,881,509 1,264 19,207 2,361 5,600 6.06 6 43,303,875 403 12,089 993 4,414 7.30 7 97.507,794 614 10,817 953 4,362 6.08 11 62,853.871 532 11,434 1,232 6,205 6.97 13 21 ,614,474 758 20,238 2,573 947 .18 14 69,025,873 NIA 29.211 NIA 1,187 24.68 Property Taxes We have previously discussed the differing shares of the property tax basic levy allocated to the individual Revenue Areas. One additional consideration is the total amount of the 1 % basic levy. This tax levy is a result of Proposition 13, which limited the total basic property tax within the State to 1 % of the assessed value. The base year assessed value was established as the value in 1975, thus removing four years of increased value from the tax roll. The District's service area includes a wide variety of property development, use, and value. There are very high value properties and very low value properties. There are properties with the 1975 value and there are properties developing and selling today. There are even properties with no assessed value. Whatever the assessed value, the District receives an average of 2. 7% of the 1 % basic levy. That is $27 a year for an assessed vaJue of $100,000. Revenue Area 1 has the majority of the parcels with no assessed valuation, and which pay no property taxes. This is because the County seat and several State and Federal facilities are located in that area. It also has a concentration of some of the older homes and businesses in the County. The average assessed value in RA 1 is less than half of the average value per capita in RA 2-13, and only 64% of the average value per EDU. Clearly RA 1 receives a disproportionately low share of the property tax, because of this low assessed value, while providing a disproportionately large share of regional services such as courts, jails and county administration for our service area. Proposed Rate Structure Page 5 February 1, 2000 Revenue Area 7 Revenue Area 7 includes parts of the cities of Tustin, Irvine, Orange, Newport Beach and Santa Ana, as well as some major unincorporated areas. In 1986, the District took over the responsibility for local sewer service from the Seventh and Seventieth Sewer Maintenance Districts which were administered by the County. This action made then District 7 unique amongst the Sanitation Districts; it became the only District (Revenue Area) that is responsible for maintenance, rehabilitation, and replacement of local sewers. Local sewers are generally owned and operated by a city, sanitary district or water district. This is the case in all of the other Revenue Areas and in some parts of Revenue Area 7. The areas generally and loosely described as City of Tustin, Irvine Business Center, and unincorporated areas comprise the former Sewer Maintenance Districts. In these area, which includes the Tustin Air Base, Revenue Area 7 is responsible for approximately 200 miles of local, small-diameter sewers. There are several issues to be resolved involving these local sewers. Ultimately these local sewers will need to be rehabilitated or repaired . A 1998 review by RW Beck, an engineering firm, projected costs of $40 million between 2038 and 2040 without regard for inflation. Currently, these projected costs have not been included in the adopted annual sewer service user fees. In order to have these funds available when needed, an additional $9 would need to be added to the current annual SFR user fee. The impact on fees, if the funds are not accumulated in advance, would be an additional $185 per SFR in the first year, decreasing to $117 and $78 in the following years. Much of these former Sewer Maintenance Districts receive water service from the Irvine Ranch Water District. This includes all of the Irvine Business Center, parts of Tustin, and unincorporated areas. Additionally, the Tustin Air Base is scheduled to be served by the IRWD. The IRWD has proposed that local sewer service responsibilities be transferred from Revenue Area 7 to the IRWD wherever IRWD provides water service. This would be consistent with the rest of the IRWD service area and with Revenue Area 14. One of the reasons the Sanitation Districts assumed this local service responsibility in 1986 was to protect the property taxes. Approximately 48% and 67% of the property taxes would have been diverted to the Special District Augmentation Fund (SDAF), if the Sewer Maintenance Districts remained intact or if responsibilities were transferred to the cities. Staff has been able to reconstruct the property tax, user fee, and local sewer maintenance costs since 1986, but is still researching the allocation of joint works treatment operations and capital improvements. Preliminary estimates indicate there may be some residual funds available to begin to fund the rehabilitation and replacement needs discussed earlier. Of course, if the local sewer responsibilities were Proposed Rate Structure Page 6 · February 1, 2000 transferred to IRWD, then the accumulated funds and future taxes would be transferred along with the fixed assets. While these local sewer related issues are being discussed, negotiated and resolved , staff recommends that Revenue Area 7 be excluded from the proposed consolidation of assets, liabilities and user fees. Once these issues are resolved and Revenue Area 7 is like the rest of the District, or there is a method to fund and account for local sewer rehabilitation and replacement, it will be appropriate to reconsider the final step of consolidation. Revenue Area 14 The Irvine Ranch Water District provides local sewer service to all of Revenue Area 14. There are several agreements and contracts dating back to 1985 that contain the details of the IRWD connection to the District. In the simplest of terms. the IRWD is billed directly for the Revenue Area 14 share of operating, maintenance, capital improvement, and certificate of participation costs. Treatment plant O&M and capital costs are based upon actual flows. Neither the alternative nor the proposal is expected to change any of the provisions of the existing agreements. It should be noted that the informati<;m for Revenue Area 14 in the tables that summarize the alternative and the proposal is estimated. IRWD bills its customers directly; the Revenue Area 14 user fee is not collected on the property tax bill. The number of users and the annual cost per user are estimated based upon the Strategic Plan estimate of 260 gallons per day per EDU; the actual Revenue Area 14 flow and the average annual O&M and capital charges to IRWD. Neither the alternative nor the proposal includes collecting Revenue Area 14 user fees on the property tax bill. Alternative Proposal Some Directors may agree that the annual sewer service user fee in RA 1 is higher than may be appropriate, but are not yet willing to consolidate the fees. A potential alternative is for the other RA's to compensate RA 1 for the assessed value and property tax lost to regional governmental tax-exempt properties. In order for the average assessed value per EDU in RA 1 to equal the average, $3,563,463,200 would need to be added to the RA 1 assessed value. At the equivalent tax rate in RA 1, that additional value would generate $983,337. Using the assessed value per capita method, the additionaf property taxes would be $1,861,197. If RA 1 had additional revenues of this amount, the SFR annual user fee could be reduced from $110.04 to $84.70 as shown in the following table. Proposed Rate Structure Page 7 February 1, 2000 RA EDU 1 72,700 2 267.400 3 281 ,300 5 27,900 6 43,620 7 102,300 11 51,000 13 8,400 14* 23,800 1999-2000 Prop Tax Revised SFR Rate Reimb/EDU SFRRATE $110.04 $(25.64) $84.70 76.00 2.13 78.13 76.00 2.13 78.13 87.50 2.13 89.63 80.00 2.13 82.13 66.00 2.13 68.13 90.00 2.13 92.13 100.00 2.13 102.13 84.03 2.13 86.16 *RA 14 EDU and Rate are estimated from average daily flow and $2· million per year contribution. Proposed Consolidated Rate While the alternative may satisfy the financial equity considerations surrounding land use and regional general governmental facilities, it does not resolve the long-term regional sewerage service issues, nor does it bring the District's financial practices and policies into alignment with the streamlined governance provided by consolidation. This can only be accomplished through combining the financial records, plans, assets, liabilities, revenues and expenditures. The impact on the individual ratepayer is minimal if the Financial Plan is redeveloped to consider the majority of the District as a single entity. The following table shows the changes needed in the annual SFR service fee in order to develop a regional Financial Plan: 1999-2000 Proposed Consolidated 2008-09 RA EDU SFR Rate Change Rate Cons. Rate 1 72,700 $110.04 $(33.04) $77.00 $115.00 2 267,400 76.00 1.00 77.00 115.00 3 281,300 76.00 1.00 77.00 115.00 5 27,900 87.50 (10.50) 77.00 115.00 6 43,620 80.00 (3.00) 77.00 115.00 7* 102,300 66.00 * * * 11 51,000 90.00 (13.00) 77.00 115.00 13 8,400 100.00 (23.00) 77.00 115.00 14** 23,800 84.03 (7.03) 77.00 115.00 *RA 7 will be excluded from the proposal pending resolution of local sewer issues . ... RA 14 EDU and Rate are estimated from average daily flow and $2 million per year contribution. Proposed Rate Structure Page 8 February 1, 2000 Attachments Several documents are attached that will help the reader to make comparisons and to see the "big picture." Attachment 2: A copy of the Summary Cash Flow Projection from the 1999-2000 Budget shows the ending cash and reserves for all of the Revenue Areas for each year to 2008-09, line 16, and the weighted average SFR user fee, line 17. Attachment 3: A refinement of the Cash Flow Projection is the One District Excluding 7 & 14, One Rate Cash Flow Projections. This schedule is based upon the revised proposal and the original fund balance projections. User fee rates, on line 17, were maintained consistent with the original total consolidation proposal and the End of Year Accumulated Funds balance has decreased only by the RA? and RA 14 balances. This schedule eliminates any intra-District payments such as loans, and the annual joint works equity purchase and sale. Copies of the individual Summary Cash Flow Projections for RA7 and RA14, Attachments 4 and 5, are included to complete the financial information. Attachment 6: A chart showing the annual SFR rates projected in the budget for each year to 2008-09 is also included. Plotted across these columns are two line graphs. The first, the red line, is the weighted average of the currently projected rates. The second, the green line represents the proposed single rate for the entire District, except current Revenue Areas 7 and 14. Revenue Area 7 will continue to be funded by the adopted rates until local sewer issues are resolved. The Irvine Water District will continue to pay for RA 14 in accordance with existing agreements. Attachment 7: A two page Combining Balance Sheet schedule from the June 30, 1999 financial statements is enclosed. This schedule shows the assets, liabilities and fund equity of each of the Revenue Areas and the combined totar for all of the Revenue Areas, or the District. The proposal would eliminate the accounting and accounts by Revenue Area, shown as "District No. X" for 1999, and would result in the single column of accounts shown as "1999." The balances shown as "Due From Other Districts" and "Due to Other Districts" would be offset or eliminated. Books would continue to be maintained from Revenue Area 7 pending resolution of local sewer related issues. GGS:lc \\radon\data1\wp.dta\fin\210\crane\FAHR\Fahr2000\Feb\SRConsRAs.doc Attachments ATTACHMENT 2 02101/2000 1:45 p~ Orange County Sanitation District Summary Cash Flow Projections, Revenue Areas 1 -14 Proposeo Preliminary Prellminary Prellm1nary Preliminary Preliminary Preliminary PreT1m1nary ?relitninary "Preliminary 1'0Year Ref Description 1999-00 2000-01 2001-02 02-03 03-04 ~ Q.§:Q!? 9.§:QI 07-08 ~ Total Revenues: 1 General User Fees 68,095,000 71,848,000 75,515,000 79, 105,000 82,987,000 87,046,000 91,136,000 95.219,000 99,461,000 103.826,000 854,238,000 2 Permitted User Fees 6,206,000 6,362,000 6,523,000 6,687,000 6,855,000 7,026,000 7,202.000 7,382,000 7,566,000 7,755,000 69,564,000 3 Property Taxes 32,861,000 33,518,000 34, 167,000 34,672.000 35,569,000 36,280,000 37,007,000 37,748,000 38.503,000 39,273,000 359,818,000 4 New COP Issues 157,000,000 188,000,000 173,000,000 140,000,000 102,000,000 760,000,000 5 Interest Revenues 26,778,000 28,472,000 27, 144,000 25,670,000 25,061,000 26.425,000 27,948,000 29,314,000 29,043,000 28,574,000 274,429,000 6 Connection Fees 5,187,000 5,301.000 5,415,000 5,529,000 5,643,000 5,757,000 5,871,000 5,985,000 6,099,000 6,213,000 57,000,000 7 Ottier Revenues 81,331,000 3,289.000 6,292.000 4.797.000 4,301.000 4,305,000 3.809,000 3,813,000 3,817,000 3,817.000 119,571.000 8 Revenues 377458,000 148,790,000 343,078,000 156,660.000 33"3 416,000 l66,8S9,000 :l12,9?a,OOO 179A61,000 288.469,000 189,458.000 2 494,620,000 Requirements: 9 Oper & Mice Exp 53,356,500 54,779,000 55,856,000 56,938,000 58,025,000 59,116,000 60,210,000 61,308,000 62.411,000 63,517,000 585,516,500 10 Capital Outlays, Incl GWRS 92.400,000 150,678,000 159,718,000 148,340,000 105,253,000 72,662,000 62,663,000 75,866,000 78,785,000 80,939,000 1,027,304,000 11 COP and GO Service 41,690,000 48,867,000 57,160,000 65,981,000 73,992,000 81,987,000 88,388,000 94,759,00Cl 99,631,000 104,385,000 . 756,840,000 12 Ottier Requirements 21.122.000 5.122,000 5.122.000 1.122.000 1.122.000 1, 122,000 1,122,000 1,122.000 1.122,000 1.122.000 39,220,000 13 Requirements 208,568,500 259.446,000 277.856,000 272,381,000 238,392.000 214,887,000 212,383,000 233,055,000 241,949,000 249,963,000 i,4oe,a80.5oo 14 Revenues-Requirements 168,889,500 (110,656,000) 65,220,000 (115,721,000) 95,024,000 (48,048,000) 100,590,000 (53,594,000) 44,540,000 (60,505,000) 85,739,500 Accumulated Funds: 15 Beginning of Year 378,400,000 547,289,500 436,633,500 501,853,500 386.132,500 481,156,500 433, 108,500 533,698,500 480,104.500 524,644,500 378,400,000 16 End of Year 547,289,500 436,833,500 501 853.500 386,132:.,500 481.!56,SOO 433.108,SOO 533,698,500 480,, 04,500 524,644,500 464,139,SOO 464. tlS,500 Sewer Service User Fees: 17 Avg SFR Annual User Fee $79,68 $83.79 $87.78 $91.64 $95.83 $100,18 $104.55 $108.88 $1'13.36 $117.95 18 Percentage Change 1.40% 5.16% 4.76% 4.40% 4.57% 4.54% 4.36% 4.14% 4.11% 4.05% 19 Equivalent Dwelling Units 854,620 857,470 860,320 863, 170 866,020 868,870 871,720 874,570 an,420 880,270 20 SFR Connection Fee $1,820 $1,860 $1,900 $1,940 $1,980 $2,020 $2,060 $2, 100 $2,140 $2,180 COP Coverage Ratios 21 Senior Lien, Min 1.25 6 99 3,20 2.91 2.54 2.34 2.24 2.19 2.15 2..12 2.09 22 Junior Lien, Min 1.00 3 55 1.60 1.45 1 26 1.15 1.10 1.07 1.05 1.03 1.02 23 Sr Additional Bpnds, 1.25 699 3.20 2.91 2.54 2.34 2.24 2,19 2.15 2.12 2.09 24 Jr Additional Bonds, 1.00· 6.20 2,21 1.90 1.51 1.30 1.20 1.14 1.10 1.07 1.04 G:\e~cel.dta\fin\21 O\FY 1999-00\Revenue Area 99-00 Budget Budget All Dist Ca.sh Flo ATTACHMENT .3 0210112000 1:39 PM Orange County Sanitation District One District Excluding 7 & 14, One Rate Cash Flow Projections Proposed Preliminary Prettminary Prefimlnary Preliminary Preliminary Preliminary Preliminary Preliminary Prelfminary 10 Year Ref Description 1999-00 2000-01 ~ 02--03 ~ 04-05 05-06 .9§.:91. ~ 08-09 IQ!fil Revenues: 1 General User Fees 57,928,640 60,397,600 63,640,060 66,903,760 70,188,640 73,877,505 77,590,220 81,712,220 85,087,200 89,259,550 726,565,4t5 2 Permitted User Fees 5,591 ,000 5,732,000 5,677,000 6,025,000 6,176,000 6,330,000 6,489,000 6,651,000 6,817,000 6,987,000 62,675,000 3 Property Taxes 29,568,000 30,159,000 30,761,000 31,377,000 32,004,000 32,644,000 33,298,000 33,965,000 34,644,000 35,337,000 323,757,000 4 New COP Issues 127,000,000 . 158,000,000 148,000,000 125,000,000 -67,000,000 -645,000,000 5 Interest Revenues 23,825,000 25,073,000 24,268,000 23,124,000 22,369,000 23,443,000 24,841,000 25,947,000 25,475,000 24,810,000 243.175,000 6 Connection Fees 4.823,000 4,929,000 5,035,000 5,141,000 5,247,000 5,353,000 5,459,000 5,565,000 5,671,000 5,777,000 53,000,000 7 Other Revenues (Incl IRWD) 57,181,000 3.139,000 3,142,000 1,147,000 1,151,000 1,155,000 1,159,000 1.163,000 1, 167,000 1.167,000 ?r,571,000 6 Revenues 30.5,916,640 129,429,600 290, 723,080 133,717,760 28.5, 135,640 '42,802,505 273,836,220 155,003,220 2d5,861 ,200 , 63,337' 550 2, 125,763.415 Requirements: 9 Oper &. Mice Exp 46,048,500 47,279,000 48,209,000 49,142,000 50,081 ,000 51,021,000 51,965,000 52,911,000 53,862,000 54,815,000 505,333,.SOO 10 Capital Outlays, Incl GWRS 81,270,000 126,088,000 125,618,000 127,774,000 92,433,000 58.474,000 55,231,000 67,062,000 69,623,000 71,913.000 875.486,000 11 COP and GO Service 37,953,000 43,765,000 50,723,000 56.174,000 65,046,000 71.909,000 77,949,000 83,647.000 87,824,000 91,890,000 668,880,000 12 Other Requirements 6,975,000 2,975,000 2,975,000 975,000 975,000 975,000 975,000 975,000 975,000 975,000 19.750,000 13 Requirements 172.246,500 220.107,000 227,525,000 236,065,000 208,535,000 182.379,000 , 66, 120,000 204,595,000 212.284,000 219.593,000 2,069.449,500 14 Revenues-Requirements 133,670, 140 (90,677,400) 63, 198,{)60 (102,347,240) 76,600,640 (39,576,495) 87,716,220 (49,591, 780) 33.sn,200 (56,255,450) 56,313,915 Accumulated Funds; 15 Beginning of Year 344,953,000 478,623, 140 387.945.740 451,143,820 348,796,580 42.S,397.220 365,820, 72.5 473,536,945 423,945, 165 457,522,365 344,953,-000 16 End of Year 478,623, 140 387,945.740 451,143.820 348,796,580 425,397.220 385,820,725 473,536,945 423,945, 165 457.522,365 401,266,915 401,266,915 Sewer Service User Fees: 17 Avg SFR Annual User Fee $77.00 $60.00 $84.00 $88.00 $92.00 $96.50 $101.00 $106.00 $110.00 $115.00 18 Percentage Change (2.01%) 3.90% 500% 4,76% 4.55% 489% 4.68% 4.95% 3.77% 4.55% 19 Equivalent Dwelling Units 752,320 754,970 757,620 760,270 762,920 765,570 768,220 770,870 773,520 776, 170 20 SFR Connection Fee $1,820 $1,860 $1,900 $1.940 $1,960 S2,020 $2,060 $2,100 $2,140 $2,180 COP Coverage Ratios 21 Senior Lien. Min 1 25 5.90 3.03 2.72 2.38 2.2.0 2.12 2.08 2.05 2,02 2.00 22 Junior Lien, Min 1. oo 3.08 1.56 1.38 1.20 1.11 1 06 1.04 1.02 1.00 0.99 23 Sr Additional Bonds, 1.25 5.90 3.03 2.72 2.36 2.20 2.12 2.06 2.05 2.02 2.00 24 Jr Additional Bonds, 1.00 5.34 2.14 1.77 1.40 1.21 1.12 1.07 1.04 1.01 0.98 G:\e)lcel.dtalffn\2.10199-00 Budget\RevenueArea 99-00 Budget X7&14 One DistX 7 & 14, one rate 02/01/2000 Ref Descrie_Uon Revenues: General User fees 2 Permitted User Fees 3 Property Taxes 4 New COP Issues 5 Interest Revenues 6 Connection Fees 7 other Revenues 8 Revenues Requirements: 9 Oper & Mice Exp 1 o Capital Outlays 11 COP aod GO Service 12 Other Requirements 1.3 Requirements 14 Revenues-Requirements 15 16 Accumulated Funds; Beginning of Year End of Year Sewer Service User Fees: 17 SFR Annual User Fee 18 Percentage Change 19 Equlvalent Dwelling Units 20 SFR Connection Fee COP Coverage Ratios 21 Senior Lien, Min 1.25 22 Junior Lien, Min 1.00 23 Sr Additional Bonds, 1.25 24 Jr Addltional Bonds, 1.00 Proposed 1999-00, 6,752,000 615,000 3,293,000 30,000,000 2,170,000 364,000 7,240,000 50.434,000 5,910,500 9,336,000 3,577,000 8,1 17,000 Preliminary 2000-01 7.483,000 630,000 3,359,000 2,316,000 372,000 112,000 14,272,000 6,065,000 21,617,000 4,940,000 117,000 Oran.ge County Sanitation District, Revenue Area No 7 Summary Cas.h Flow Projections Preliminary 2001-02 8,216,000 646,000 3,426,000 30,000,000 1,809,000 380,000 112,000 44,589,000 6,184,000 30,937,000 6,276,000 117,000 Preliminary 02-03 8,952,000 662,000 3,495,000 1,353,000 388,000 112,000 14,962,000 6,305,000 17,634,000 7,644,000 117,000 Preliminary 03-04 9,691 ,000 679,000 3,565,000 25,000,000 1,289,000 396,000 112,000 40,732,000 6,425,000 10,847,000 8,782,000 117,000 Preliminary 04-05 10,433,000 696,000 3,636,000 1,344,000 404,000 112,000 16,625,000 6,547,000 12,687,000 9,914,000 117,000 Preliminary Q5-06 11,178,000 713,-000 3,709,000 15,000,000 1,248,000 412,000 112,000 32,372.,000 6,668,000 5,952,000 10,272,000 117,-000 ATTACHMENT 4 Preliminary 06-07 Preliminary QZ:Qll 11,926,000 12,676,000 731,000 749,000 3,783,000 3,859,000 15,000,000 1,328,000 1,373,000 420,000 428,000 112.000 11 2,000 18,300,000 34,197,000 6,791,000 7,051,000 10,947,000 117,000 6,914,000 7,361,000 11,640,000 117,000 Preliminary 08-09 1:40 PM 10 Year Total 13,429,000 100,736,000 768,000 6,889,000 3,936,000 1,417,000 436,000 112,000 36,061.000 115,000,000 15,647,000 4,000,000 8,2-48,000 20,098,000 286,581,000 7,038,000 64,847,500 7,249,000 130,671,000 12,326,000 86,318,000 117,000 9, 170,000 26,940,500 32,739,ooo 43,514,ooo 31,100,000 25,111,000 29,26~,ooo 23,009,000 24,905,ooo 26.032,000 26,730,000 , 291.006.500 23,493,500 (18,467,000) 1,075,000 (16,738,000} 14,561,000 (12,640,000) 9,363,000 (6,606,000) 8, 165,000 (6,632,000) (4.425,500) 25,818,000 49,311,500 30,844,500 31 ,919,500 15,181,500 29,742,500 17,102,500 26.465,500 19.859.500 28,024,500 25,818,000 49,311,500 30,844,500 31 ,919,500 15,181,500 29,742,500 17, 102,500 26,465,500 19,859,500 28,024,500 21.392,500 21,392,500 $66.00 10.00% 102,300 $1,820 8.92 3,56 8.92 5.26 $73.00 10.61% 102,500 $1,860 3.29 1.37 3.29 1.64 $80.00 9.59% 102,700 $1,900 2.58 1.11 2.58 1.19 $87.00 8,75% 102,900 $1,940 2.15 0,94 2.15 0.89 $94.00 8.05% 103,100 $1,980 2.00 0.88 2..00 0.79 $101.00 7.45% 103,300 $2,020 1.92 0.85 1.92 0.74 $108.00 6.93% 103,500 $2,060 2.05 0.88 2.05 0.79 $115.00 OA8% 103,700 $2,100 2.06 0.89 2.06 0.81 $122.00 6.09% 103,900 $2,140 2.07 0.90 2.07 0.82 $129.00 5.74% 104,100 $2,180 2.08 0.91 2.08 0.84 G:\excel.dta\fln\220\budget\FY 1999-00\Revenue Area Summary\Dist7Cashflo Dist7Cashflo ATTACHMENT 5 02/01/2000 1:42 PM Orange County Sanitation District, Revenue Area No 14 Summary Cash Flow Projections Proposed Preliminary Preliminary Preliminary Preliminary Preliminary Preliminary Preliminary Preliminary Preliminary 10 Year Bfil Description 1.999-00 2000-01 2001-02 02-03 03-04 04-05 05-06 06-07 0·?-08 08-09 Total Revenues: 1 General User Fees 2 Permitted User Fees 3 Property Taxes 4 New COP Issues 5 Interest Revenues 564,000 627,000 594,000 604,000 589,000 599,000 607,000 591,000 563,000 531,000 5,869,0UO 6 Connectfon Fees 7 Other Revenues 6,920,000 2,038,000 5,038,000 3,538,000 3,038,000 3,038,000 2,538,000 2,538,000 2,538.000 2,538,000 33,762.000 8 Revenues 7,484,000 2,665,000 5,632,000 4,142,000 3,627,000 3,637,000 3,145,000 3,129,000 3,101,000 3,069,000 39,631,000 Requirements: 9 Oper & Mtce Exp 1,397,500 1,435,000 1,463,000 1,491,000 1,519,000 1,548,000 1,577,000 1,606,000 1,635,000 1,664,000 15,335,500 10 Capital Outlays 1,794,000 2,973,000 3,163,000 2,932,000 1,973,000 1,501,000 1,480,000 1,753,000 1,801,000 1,777,000 21,147,000 11 COP and GO Service 160,000 162,000 161,000 163,000 164,000 164,000 167,000 165,000 167,000 169,000 1,642,000 12 Other Requirements 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30.000 300,000 13 Requirements 3.381.500 4.600,000 4,817,000 4,616,000 3,686,000 3,243,000 3,254,000 3,554,000 3,633,000 3,640,000 38,424,500 14 Revenues~Requirements 4, 102,500 (1,935,000) 815,000 (474,000) (59,000) 394,000 (109,000) (425,000) (532,000) (571 ,000) 1,206,500 Accumulated Funds: 15 Beginning of Year 7.62.9,000 11,731,500 9,796,500 10,611,500 10,137,500 10,078,500 10.472,500 10,363.500 9,938,500 9,406,500 7,629,000 16 End of Year 11,731.500 9,796,500 10,611 ,500 l0,137,500 10,078,500 10,472,500 10,363,500 9,938,500 9,406,500 8,835,500 8,835,500 Sewe( Service User Fees: 17 SFR Annual User Fee $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 18 Percentage Change 19 Equivalent Dwelling Units 20 SFR Connection Fee $1,820 $1,860 $1,900 $1,940 $1,980 $2,020 $2,060 $2,100 $2,1 40 $2,180 G:\excel.dta\fin\220\budget\FY 1999-00\Revenue Area Summary\Revenue Area 99-00 Budget X7 & 14 Dist14Cashflo ATTACHMENT 6 Projected SFR User Fees ~ $150 -1---------1 1-----1 1----1 1------i I---~ I---~ I--ii- LL ro :J c: ~ $100 $50 01/20/2000 1999-00 2000-01 2001-02 02-03 03-04 10102 3 05 0 6 07 •11 Rate Chart Chart 1 04-05 05-06 06-07 07-08 08-09 13 -+-One Rate -c-Wtd Avg I 10:10 AM Current Aue ta: Cash and caah equivalent• Investments Recelvablu: Accounl9 Accrued Interest Due from other revenue eroas Due from ottler govemmental agencies Total recelva_bles Inventories Prepaid and other assets Total C<Jrrent asseta R~slMcled asseta: Casi! end cash equl~e1en1s Investments Receivables: Accrued in\ereat Connection fees Due lrol'\'I other goveml)'1ental agencies Oihet T 01e\ recel11ebtes Total rMtncled esJets Due from other govemmenla! aoeocles. noncurrent Deferred charges Property, plant end equipment, at cost; Land Sewage collection lacJllllH Sewage treatment lacmues Sewage dfsposal lacllflles Generlll plant and administrative feclliVes ConlNctlon In progreH Total p11>perty. plant and equipment Leu accumulated depreclallon Net property, plant and equipment Excess purchase price over book value on acquired assels Other assets. al eost. less accumulated amortlzallon Total aueta Revenue Area No.1 $ 932,171 8,791.004 575,808 488,879 839,549 1.882.234 . 513,553 88.765 12,"208,327 429,793 4.050.635 83,478 12.487 44,278 140,223 4,820,851 5,842.485 251,937 S44,439 8,633,601 83,728,195 9,991.182 11.052.732 10,902,116 104.850,865 38,105,681 88,745,204 Revenue Area No. 2 $ 4,848.142 45,691,890 1,389,840 1,373,481 6,767,827 9,510.948 1,510,790 255,229 61.818,999 6,229,"75 58,710.432 193,892 842,107 278.891 1, 112,690 68,052,597 28.460.696 649,808 1,759,117 101,563,981 170.894,233 28,798.997 29.702 .• 23 29,984,738 380,861,489 126,380,990 234,300,499 Reve11ue Area No.3 $ 8,628.251 81,318,047 1,077,758 1.313,917 4.884,980 7,278.835 1,4<15,271 244.178 98,912,388 3,588,153 33,816.975 175,535 385,837 "263,701 824,873 39,230,001 26,205,595 825,215 1.568,412 75,387,328 177,110, 132 27,7114,185 30,874,728 40,238,933 352,941,698 127,085,513 225.878, 183 ORANGE COUNTY SANITATION DISTRICT Combining Balance Sheet Revenue Area No.5 • 1.703.334 18.053.270 105,272 172,123 299,411 578,808 189,330 31 ,986 18,554,728 l.187.848 11,006.505 24,739 48,204 70,401 141.344 12,315,695 5,352,207 85,734 238,800 34,930,019 23,222,300 3.842,820 4,044,809 8,921,142 74,999,-490 21,478,288 53,523.22-4 June 30, 1099 With Comparauve Totals for June 30, 1998 s l,920,-457 18,099,575 182.120 177.817 -4,884.760 5,20097 195,593 33,043 25,453,385 101.022 952.097 9,-472 10.897 38,044 58,213 1,109,332 4,105,898 78,788 155,180 5,731.158 21,283,872 3,337,123 3,781,898 9,899,847 44,169,078 12.740,820 31.428,2.58 Revenu11 Area No. 7 s 1,793.891 18',908,742 308,852 446,294 465.823 1.218.769 490,910 82.938 20,493,250 701.928 6,615,402 21,918 50,280 77,276 H9.A72 10,492,915 122.54• 2.001.650 A2,688,239 59,648,3-40 9,352,023 10,399,147 12.204,192 138,471,!91 47,848,182 88,82M09 Revenue Area No.11 $ 1,034,515 9.7-49,908 329.292 284,097 2.565,368 !.158.757 290,499 49,081 14,282,780 1,309.401 12,340.613 13,428 211,088 87,164 13.981,670 8,515,853 128.733 418.789 20.065,997 37,409,253 5,881,577 6,484,817 13.291.182 83,530,395 27,957,963 55.572,432 ATTACHMENT 7 Revenue Area No. 13 Revenue Area No.14 Ellmlnallng Entrlat s 240,053$ "-___ 3_8.._0 '~---- 2.282,410 3.393 40,465 52.995 148.159 241,819 58,293 9,848 2,812,223 922,196 B,e91,342 89,502 89,502 9,683,040 2,272,198 854 49,841 185,895 f),838,068 1,070,913 4,35'4.784 835,164 13,334.265 3,685,191 9,849.074 31.886 112.121 10.192,940 10,338,94? 123,329 20.835 10,484,864 545.045 5,136,841 5,681.896 1,293,013 3,825 406,849 25,997,513 1<1.538,077 2,278,815 2,514,958 4,711,519 50,445,728 12,806,158 37.839,970 11.429,783 (31.028.597) (31.028.597) (31,028,597) s 1999 21,101,780 199,876.239 3,999.091 4.379.724 8,378,815 4.817.588 813.903 233.988.305 14.994,859 141.320.842 522,258 1,427,960 855.755 2.805.973 159.121,674 88,340,640 1,945.238 7,140,67A 315,363,531 6H,647.470 90,09'4.215 l03.209,892 190,968.913 1.221,424.595 417,865.344 803.559.251 11,428,783 1998 25.283.084 163,927,804 4.020.760 5,680.898 90,t67 9,791 ,925 4,394,0ZS 307.167 203.683,925 46.198.804 131.a19,530 538,821 2,061.775 158.000 859,312 3,617.908 197,838.242 98,340,640 2,06Q.,024 7,140,672 319,653,231 513,729,012 81,830,012 99,637,497 156, 142,014 1,177,132,438 376,298,55l 600.S.3.886 ___ s __ 1_,_,4 __ 1~8 200.131 230,796 47,584 39,354 109.377 324.091 2.220 4.121 1.009,298 2.s21.041 s 89,518,002 s 389,491,334 • 390,080, !78 $ 89.879.170 s 82.213,793 s 127,310,297 • 90,783,539 s 24,419,409 s 96,736,062 $ (91,028,597} s 1.299,393" 187 $ 1,297,581.256 (Contfnued) ORANGE COUNTY SANITATION OISTRICT ATTACHMENT 7 Pg. 2 Combining Balance Sheal (Continued) June 30, 1999 WHh Cornparallve Tolals tor June 30, 19!18 Revenue Area Revenue A•ea Revenue Area Revenue A!ea Revenue Area Revenue A/ea Revenue A/ea Revenue Area Revenue /vea Ellmlnallrig No.1 No.2 No,3 No.5 No. 8 No. 7 No.11 No.13 No.14 Entnos 1999 1998 Current llabilllles puyable from current auets: Accounls payable • -429.961 s 1,340.409 $ 1.934.853 • 1,924.638 • 518.088 • 457,918 $ 244.-42'4 s 47,507 s 100,668 s s 8,998,462 $ 5.593,293 Accrued expen•H 288,608 848,187 812.109 108,388 109,763 275,818 183,331 32.739 99.269 2,706,182 5,328,423 Oua lo ol~er revonue areas 10.898,897 2.083.222 3,321.192 1,041,398 890,886 5,784.419 4,865,200 747 .205 1.536,598 (31,028,597) Other 2.213 TOlal CUIT'Bnt llabllltret payable lrom current use ls 11,917,268 4.251,798 9,098,148 3,072.420 1.819.517 8,498,153 5,072,955 827,.451 1,706,533 (31,028,597) 9.704.,644 10,921,929 Cunenl UablllUes payable lrom reslncted essels: Rctenlions payable 137.347 464,569 726,727 50.035· 263.23• •51.878 80,624 14,738 31,333 2,220,265 2,457,571 lnleresl payable 890.740 1.847.425 1 • .479,831 241,137 98,293 215,589 13•.•oo ~17' 5.3118 4,513,730 4.710.258 Oeposlls 41.670 202.063 209,819 44.724 38.025 159,555 319,539 1,S93 1,624,685 2,639,843 1,817.146 ClellJl~ and judgments payable. currenl portion 55.700 184,805 157,521 20.S49 22.292 52,869 31.792 8,380 13.450 525.428 429,603 General obllgetion bonds payable, current ponlon 15.000 C11t1ifica1u or panlcipalloo payable, current portion 1,600,338 4,361,353 3.885,518 848.911 503,167 80i.959 720,234 8,500 50.000 11.880,000 12.105.000 Tola! currenl liablliOes payable from restricted assets 2.525.795 8,840.215 8.459.416 1,205,456 923.031 1.781,640 1,288,589 31,878 1.725,066 22.779,066 21.534,578 Long-lenn llab1Ulle$: Compensaled absences 341,600 1.015,700 970,000 127.200 142,500 322.200 196,500 39.200 82,900 3,237,800 3,065,600 Clatm1 and judgments payable, noncurrent por11on 99,261 29A. 186 281,105 36,859 40,296 94,006 56,816 11,349 2 .... 010 937.888 1.002,408 Att>ilrage payabl& 54.270 114,810 106,870 10,740 2,910 8,260 3,640 303,600 Cer11flcales of pa1'11clpa0on psyoble, noncurrenl por11an. nel of discount 44,941,079 117 ,960.870 112 ,290,909 19.957.082 15,352.319 24,599,465 22,812,629 281,928 1,658,375 359,854,634 372,653,677 Oelerred revenue 47.980 32,748 80.408 80,408 Tolal long-term liabit!Oas 45,A36,210 I 19. 433,228 113,650,884 20, 131,861 15,536.025 25,023,931 23,102.333 332.,475 1,765.285 364.414.230 379,802,093 Total tlabllitles 59,579.271 130.525.239 126,178 .• 48 24.409,737 18,079.573 33,303,724 29,461,877 1.191,804 5,198,884 (31,028.597) 396,897,960 •09,258,600 Fund equity: Conlnboted c:epltal 8.188,713 59,324.344 37,818,288 15,008,780 5,548,52• 18,395,002 14,840,966 9, 171,993 78,982,381 2411,278,911 241,153,400 Relelned earning• (acc;ymutal.ed daftcit) 23.752,018 199,831.751 226,083.A42 50,460,653 38,585,898 14,611,571 AG,460,896 14,055,812 !17,443, 183) 656.218.256 8.47:.169,258 Tolal (und equtly 29,938,731 258,958,095 263,901,730 65,469,4.33 44,134,220 84,009,573 81,321.682 23,227,805 81,539,178 902,495,227 888.322,658 Total llabJlltlet and lund eqully s 89,518,002 s 389,.81,334 s 390,080,178 s 89.879,170 s 62,213.793 s 127.310,2.97 s 90.783.539 s 24.419.409 $ 66.7361082 $ (3, ,029.597/ s 1,299.393, I 87 s 1.297.581,2.56 FAHR COMMITTEE Meeting Date To Bd. of Dir. 02/09/00 AGENDA REPORT Item Number Item Number FAHR00-16 Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Steve Kozak, Financial Manager SUBJECT: STATUS REPORT, RESTRUCTURING OF THE DISTRICT'S EXISTING CERTIFICATES OF PARTICIPATION ' GENERAL MANAGER'S RECOMMENDATION Receive and file status report. SUMMARY In November 1999, the Board of Directors approved a plan to restructure and modernize the District's existing Certificates of Participation (COP} long-term borrowings. The Board also authorized staff to retain the investment banking firm of PaineWebber, and the bond counsel firm of Orrick, Herrington & Sutcliffe to implement the restructuring plan. This agenda item reports on the progress of the COP restructuring and refinancing project to the Finance, Administration & Human Resources Committee. PROJECT/CONTRACT COST SUMMARY NIA BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. 181 Not applicable {information item) ADDITIONAL INFORMATION The modernization of the District's existing COP program is based on a comprehensive refunding and restructuring strategy to realign the COP legal documents to reflect the District's consolidated organization structure as a single Sanitation District. Under this approach, the rating agencies would view the District as a single credit structure, and the District's ability to obtain formal "Aa" category ratings is strengthened. H:lwp.dla'agenda\FAHRIFAHR2000.2000 Agenda Repc>f1a\FAHR00.18.doe ReMed: 8l20l98 Page 1 Overall, we estimate that present value cost savings of more than $1.4 million would be generated over the life of the Refunding COPs from a combination of a lower cost liquidity facility, elimination of annual Letter of Credit fees, and debt service savings. Work in Progress The financing team has initiated work on the COP restructuring and refinancing project on multiple fronts, including: • A financing model has been developed. Projected cash flows are being tested and refined by staff and PaineWebber; • Orrick has drafted a "first round" Installment Purchase Agreement, or Master Indenture. The financing team has provided revision and edit comments to Orrick; • PaineWebber has met informally with Moody's and S&P, and has developed a rating agency presentation outline. Staff and PaineWebber are researching and preparing a draft presentation booklet; and • Staff is researching various financial and organizational issues for Hawkins, Delafield & Wood, underwriter's counsel, in support of their efforts to draft the due diligence disclosures required for the Preliminary Official Statement (POS). Financing Schedule A detailed financing schedule is attached for your Committee's review. The following is a summary of upcoming project milestones: • February -March • Complete legal documents and POS • April • Rating agency presentations • May • Receive "Aa" rating • Board approves legal documents • Price and market securities Staff intends to report back to the FAHR Committee in March with a more detailed presentation about the financial plan and the legal documents associated with the COP restructuring and refunding. ALTERNATIVES NIA H:\wp.dla\agenda\FAHR\FAHR20000000 Agenda Reporls\F AHR00.16.dOc RIMM<t. 8l2Ql98 Page2 CEQA FINDINGS NIA ATTACHMENTS 1. Financing Schedule H:\wp.dla\agenda\FAHRIFA~ Agenda Report&IFAHR~18.doc R<Wised; 8(2Q.l98 Page3 s M 2 3 9 10 16 17 23 24 30 31 Date Jan 14 Jan 20 Feb3 Feb8 Feb9 Feb JO Feb 17 Feb 21 Mor I Marl Mar8 ORANGE COUNTY SANITATION DISTRICT Series 2000 Refunding COPs Financing Schedule JAMI ARY F£BIWARY T w T F s s M T w T F s s I I 2 3 4 5 4 5 6 7 8 6 7 8 9 10 II 12 s 11 12 13 14 15 13 14 15 16 17 18 19 12 18 19 20 21 22 20 21 22 23 24 25 26 19 25 26 27 28 29 27 28 29 26 APRIL s M T w T F s s M T w T 1 J 2 3 4 2 3 4 s 6 7 8 7 8 9 10 II 9 10 11 12 13 14 15 14 IS 16 17 18 16 17 18 19 20 21 22 21 22 23 24 25 23 24 25 26 27 28 29 28 29 30 31 30 Activity • l st Draft of Installment Purchase Agreement distributed x x Kick-off meeting to discuss legal structure • Review cashflows and 1st draft of ratings presentation (9:00 a.m. at District) • 2nd draft of legal documents distributed • F AHR Committee meeting • Financing progress report • 1" draft of P.O.S. distributed • Meeting to review legal documents and P.O.S. (10:00 a.m. at OH&S) • Market Holiday (President's Day) • 3rd draft of legal documents distributed • 2nd draft of P.O.S distributed • Meeting to review legal docwnents and P.O.S. • F AHR Committee meeting • Orientation workshop (tentative) • Approval of non-profit corporation (tentative) Paine Webber January 27, 2000 MARCH M T w T F s J 2 3 4 6 7 8 9 10 11 13 14 15 16 17 18 20 21 22 23 24 25 27 28 29 30 31 F s 5 6 12 13 19 20 26 27 Responsibility BC All-Hands OCSD,PW BC OCSD OCSD BC All-Hands BC BC AU-Hands OCSD OCSD,PW OCSD,BC OMTS COMMITTEE Meeting Date 2/2/00 AGENDA REPORT Item Number FAHR00-17 Orange County Sanitation District FROM: Patrick Miles, Director of Information Technology Originator: Robert Thompson, Process Controls Manager To Bd. of Dir. 2/23/00 Item Number SUBJECT: LONG TERM BENEFITS OF Y2K PLANNING AND PREPARATION GENERAL MANAGER'S RECOMMENDATION Receive and file a report on the long-term benefits of Y2K preparation and planning. SUMMARY The District experienced no Y2K problems during the New Year weekend. The preparation of equipment and computing systems were totally successful. A minor glitch was experienced on the January 12, 2000 payroll. All employees were properly paid, and the problem has been corrected. The District will receive many long-term benefits from the Y2K preparation and planning process. These benefits include improved control and inventory of District software, an updated and expanded Integrated Emergency Response Plan, an update to the Computer Maintenance Management Database and maintenance library, and updated software and firmware for process equipment and controllers. Software tools were implemented to remotely monitor and install software updates. These tools will assist the District in assuring all software is legally licensed uniformly revised. Software maintenance agreements can now be managed District wide, rather than Division by Division, maximizing volume savings and assuring uniformity. The District has disposed of obsolete software and computer hardware for improved support and user productivity. The Integrated Emergency Response Plan was updated and expanded. Much like the El Nino preparation improved the high flow response planning, the Y2K preparation will improve the District's response to earthquake or similar disasters causing general utility service outages. Emergency Operations Procedures were written for electrical, gas, water and communications interruptions. Staff was trained in all aspects of the updated plans and procedures. The Computerized Maintenance Management Database was updated as a result of the Y2K embedded system preparation. Obsolete, removed, or abandoned equipment was identified and deleted from the Computerized Maintenance Management Database. Technical manuals were ordered and filed where none were available for complex or critical pieces of equipment. \\tadon\data1\wp.dtalagenda1FAHRIFAHR2000\2000 Agenda Repoits1FAHR~17.dot R8111sed: 8/20/98 Page 1 Process control equipment software and firmware were updated. All Programmable Logic Controller firmware and programming software were brought up to a uniform revision level to assure reliable operation. Several small controllers and other "smart" equipment were found to have no interface software in the District. The District now has this software and is better able to respond to the possible failure of this equipment. In summary, the District has received a long-term benefit from the Y2K preparation and planning project. The District is more prepared for a disaster such as an earthquake and the District's operation will be more productive due to improvements in software management, Computer Maintenance Management, and process equipment upgrades. PROJECT/CONTRACT COST SUMMARY The Year 2000 Date Compliance Project is budgeted for $3.46 million. Actual cost through mid January 2000 is approximately $2.9 million. BUDGET IMPACT 0 This item has been budgeted. (line item: ) D This item has been budgeted, but there are insufficient funds. 0 This item has not been budgeted. ~ Not applicable (information item) ADDITIONAL INFORMATION NIA ALTERNATIVES NIA CEQA FINDINGS NIA ATTACHMENTS N/A \ltadonldata1w.p.dta'-genda\FAHRIFAHR2000\2000 Agenda Repo<ts\FAHR00.17.dot R<Nised: 8l20l96 Page2 FAHR COMMITTEE Meeting Date To Jt. Bds. 02/09/00 02/23/00 AGENDA REPORT Item Number Item Number Orange County Sanitation District FROM: SUBJECT: Gary Streed, Director of Finance Originator: Steve Kozak, Financial Manager TREASURER'S REPORT FOR THE MONTH OF JANAUARY 2000 GENERAL MANAGER'S RECOMMENDATION Receive and file Treasurer's Report for the month of January 2000. SUMMARY Pacific Investment Management Co. (PIMCO), serves as the District's professional external money manager, and Mellon Trust serves as the District's third-party custodian bank for the investment program. The District's Investment Policy, adopted by the Board, includes reporting requirements as listed down the left most column of the attached PIMCO Monthly Report for the "Liquid Operating Monies" and for the "Long-Term Operating Monies." The District's external money manager is operating in compliance with the requirements of the District's Investment Policy. The District's portfolio contains no reverse repurchase agreements. Historical cost and current market values are shown as estimated by both PIMCO and Mellon Trust. The District's portfolios are priced to market ("mark-to- market") as of the last day of each reporting period. The slight differences in value are related to minor variations in pricing assumptions by the valuation sources at the estimate date. PROJECT/CONTRACT COST SUMMARY None. BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. ~ Not applicable (information item) \\radonldata1\wp.dla\fin\210\aane\FAHR\Fahl20001Feb1Treasure(s Report-Jan.doc Revised: 10/17197 Page 1 ADDITIONAL INFORMATION Schedules are attached summarizing the detail for both the short-term and long-term investment portfolios for the reporting period. In addition, a consolidated report of posted investment portfolio transactions for the month is attached . The attached yield analysis report is presented as a monitoring and reporting enhancement. In this report, yield calculations based on book values and market values are shown for individual holdings, as well as for each portfolio. Mellon Trust, the District's custodian bank, is the source for these reports. Transactions that were pending settlement at month end may not be reflected. The table below details the book balances of the District's funds at month-end. A graphical representation of month-end balances is shown by the attached bar chart. Funds/Accounts State of Calif. LAIF Union Bank Checking Account Union Bank Overnight Repurchase Agreement PIMCO -Short-term Portfolio PIMCO -Long-term Portfolio District 11 GO Bond Fund 921 Debt Service Reserves @Trustees Petty Cash TOTAL ALTERNATIVES None. CEQA FINDINGS None.· ATTACHMENTS 1. Monthly Investment Reports 2. Monthly Transaction Report GGS:SK:lc lltadonldata1\wp.dlalfin\210\crane\FAHR1Fahr2000\Feb1Treasure~s Report-Jan.doc Revised: 10/17197 Book Balances Estimated Jan.31,2000 Yield(%) $ 24,175,271 5.7 340,418 -- 7,946,000 4.9 19,450,083 5.1 279,211,886 4.3 2,001 5.7 32,155,820 6.1 9,400 -- $363,290,879 Page 2 \ t Prepared by Finance, 02/08/2000, 8:54 AM Aug,99 Monthly Treasurer's Report District Fund Balances Sep, 99 Oct, 99 ~ PIMCO -Long-term ~Debt Service Reserves ~BankAccts El Dist 11 GO Bond Fund Nov,99 la PIMCO -Short-term []lAIF •Petty Cash G:\excel.dta\fin\2220\geggi\Finance\monthly treasurers report Dec, 99 Jan, oo MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIM CO'S PERFORMANCE MONITORING & REPORTING (for the month ending 31January2000) Liquid Operating Mqnies (603) 15.1.l PORTFOLIO COST AND MARKET VALUE Current Market Value Estimate: • PIM CO • Mellon Historical Cost: • PIM CO • Mellon 15.1.2 MODIFIED DURATION Of Portfolio: Of Index: 15.1.3 1 % INTEREST RATE CHANGE Dollar Impact (gain/loss) of 1 % Change: lS.1.4 REVERSE REPOS % of Portfolio in Reverse Repos: (see attached schedule) 15.1.S PORTFOLIO MATURITY % of Portfolio Maturing within 90 days= 15.1.6 PORTFOLIO QUALITY Average Portfolio Credit Quality: 15.1. 7 SECURITIBS BELOW "A" RA TING % of Portfolio Below ''A": 15.1.8 INVESTMENT POLICY COMPLIANCE "In Compliance" 15.1.9 PORTFOLIO PERFORMANCE Total Rate of Retmn (%) by Period: l Month: 3 Months: 12Months: Year-to-Date: Commentary $19,512,359 $19,450,083 $19,455,824 $19,455,620 0.17 0.20 $33,388 0% 78% ''A.AA'' 0% Yes Portfolio Index 0.45 0.44 1.36 1.28 5.17 4.80 0.45 0.44 • Interest rates continued to move higher in January as strong economic news reinforced market concerns that the Fed would continue to raise short-term rates to cool the economy (e.g. 3-month Treasury Bill rates rose 3 7 basis points). • The Liquid portfolio outperformed its benchmark by 1 basis point in December. • PlMCO's decision to maintain a below-index duration added slightly to portfolio returns. • PIMCO's emphasis on corporates slightly detracted from returns. H:l..IFJNANCEI \REVISED UQOJO(J,RPT MONT:Ia Y REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ending 31January2000) Long-Term Operating Monies (203) 15.l.l PORTFOLIO COST AND MARKET VALUE Current Market Value Estimate~ • PIM CO • Mellon Historical Cost: • PIM CO • Mellon 15.1.2 MODIFIED DURATION Of Portfolio: Of Index: 15.1.3 1 % INTEREST RATE CHANGE Dollar Impact (gain/loss) of 1 % Change: 15.1.4 REVERSE REPOS % of Portfolio in Reverse Repos: (see attached schedule) 15.1.5 PORTFOLIO MATURITY % of Portfolio Maturing within 90 days: 15.1.6 PORTFOLIO QUALITY Average Portfolio Credit Quality: 15.1.7 SECURITIES BELOW "A" RATING % of Portfolio Below "A": 15.1.8 INVESTMENT POLICY COMPLIANCE "In Compliance" 15.1.9 PORTFOLIO PERFORMANCE Total Rate of Return(%) by Period: l Month: 3 Months: 12 Months: Year-to-Date: Commentary $279,479,991 $279,211,886 $283 ,428, 781 $284,152,776 2.19 2.24 $6,195,038 0% 38% "AAA" 0% Yes Portfolio Index 0.01 (0.22) 0.27 (0.05) 1.76 1.45 0.01 (0.22) • ln!erest rates continued to move hlgher in January as strong economic news reinforced market concerns that the Fed would continue to raise shon-tenn rates to cool the economy (e.g. 2 and 5·year Treasury yields rose 35 basis points). • The Long-Tenn portfolio outperfonned its benchmark by 23 basis points in January. • PIMCO's decision to maintain a below-index duration added slightly to returns. • PIMCO's sector and security selections, including Treasury Inflation Protected Securities (TIPS). contributed to portfolio returns. H:l ... IFJNANCE\2 /QI... l.REYTSED L-TOJOO.RPT @ ORANGE COUNTY SANITATION DISTRICT PAGE:' r BASE: USD NET ASSET SECTOR SUMMARY OCSF0751l102 31-JAN-2000 FINAL LIQUID OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIV A LENTS UNITED STATES COMMERCIAL PAPER -DISCOUNT 2,678,474.50 2,678,474.50 13.63% 0.00 TREASURY BILLS -LESS THN IYR 3,411,18L67 3,411,181.67 17.36% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 1,199,291.67 1,199,291.67 6.10% 0.00 FNMA ISSUES -LESS THN I YR 2,485,301.39 2,496,450.00 12.70% tt,148.61 FED HM LOAN BNK -LESS THN I YR 3,697,194.17 3,697,194.17 18.81% 0.00 MUTUAL FUNDS 134,632.92 134,632.92 0.69% 0.00 TOTAL UNITED STATES 13,606,076.32 13,617,224.93 69.29% !l,148.61 TOTAL CASK & CASH EQUIVALENTS 13,606,076.32 13,617,224.93 69.29% H ;l48.61 FIXED INCOME SECURITIES UNITED STA TES U.S. AGENCIES 999,200.00 999,840.00 5.09% 640.00 ABS: CAR LOAN 905,913.00 903,069.00 4.60% ·2,844.00 BANKJNG & FINANCE 1,497,145.50 1,494,611.00 7.61% ·2,534.50 fNDUSTRIAL 1,935,205.00 1,925,803.00 9.80% ·9,402.00 lJfILITY -TELEPHONE 512,080.00 509,535.00 2.59% ~2,545.00 TOTAL UNITED STATES 5,849,543.50 5,832,858.00 29.68% -16,685.50 TOTAL FIXED INCOME SECURITIES 5,849,543.SO S,832,858.00 29.68% -16,685.50 OTHER PORTFOLIO ASSETS PAY ABLES/RECEN ABLES 202,020.35 202,020.35 1.03% 0.00 TOTAL 202,020.35 202,020.35 1.03% 0.00 TOTAL OTHER PORTFOLIO ASSETS 202,020.35 202,020.35 1.03% o.oo NET PORTFOLIO ASSETS 19,657,640.17 19,652,103.28 100.00% -5,536.89 08-Feb-2000 8:50:12 Executive Worlcbench @ ORANGE COUNTY SANITATION DISTRICT II PAGE: I BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 31-JAN-2000 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS RECEIVABLES 760,599.50 760,599.50 0.27% 0.00 PAYABLES -27, 156,959.38 -27, 156,959.38 -9.61% 0.00 TOTAL -26,396,359.88 -26,396,359.88 -9.34% 0.00 UNITED STATES COMMERCIAL PAPER -DISCOUNT 42,192,820.16 42, 192~820.16 14.93% 0.00 FEDERAL HOME LOAN MORTGAGE' -LESS 9,459,139.44 9,459, 139.44 3.35% 0.00 FNMA ISSUES-LESS THN lYR 1,097,488.33 1,097,488.33 0.39% 0.00 FEDERAL FARM CREDIT BANK -LESS TH l, 196,529.33 1, 196,529.33 0.42% 0.00 MUTUAL FUNDS 256,033.86 256,033.86 0.09% 0.00 TOT AL UNITED ST ATES 54,202,011.12 54,202,011.12 19.18% 0.00 TOT AL CASH & CASH EQUIV A LENTS 27,805,651.24 27 ,805,651.24 9.84% 0.00 FIXED INCOME SECURITIES UNITED STA TES U.S. GOVERNMENTS 74, 755,521.97 73,297,651.10 25.94% -1,457,870.87 U.S. AGENCIES 48,335,211.43 47,528,949.63 16.82% -806,261.80 GNMA SINGLE FAMILY POOLS 25,544,062.50 25,449,352.50 9.01% -94,710.00 GNMA MULTI FAMILY POOLS J ,662,353.19 3,615,378.78 1.28% -46,974.41 FHLMCPOOLS 9,078,071.04 8,879,504.3 l 3.14% -198,566.73 FHLMC MULTICLASS 8, 148,600.83 7,916,722.52 2.80% -231,878.3 J FNMA POOLS 963,141.63 950,995.63 0.34% -12,146.00 ASSET BACK.ED SECURITIES 60,447.90 60,334.27 0.02% -113.63 ABS: HOME EQUITY 421,409.41 420,221.04 0.15% -1,188.37 MUTUAL FUNDS 1,000,000.00 985,190.00 0.35% -14,810.00 BANKING & FINANCE 57,699,83 1.20 57,272,575. 75 20.27% -427,255.45 INDUSTRIAL 17 ,029,969.00 15,799,629.05 5.59% -1,230,339.95 UTILITY -ELECTRIC 2, 151,250.00 l,940,780.00 0.69% -210,470.00 UTILJTY -TELEPHONE 7,497,255.00 7,288,950.00 2.58% -208,305.00 TOTAL UNITED STATES 256,347, J 25.10 251,406,234.58 88.96% -4,940,890.52 08-Feb·2000 8:54:01 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 2 BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 31-JAN-2000 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS TOTAL FIXED INCOME SECURITIES 256,347,125.10 251,406,234.58 88.96% -4,940,890.52 OTHER PORTFOLIO ASSETS PAY ABLESIRECEIV ABLES 3,387,011.92 3,387,011.92 1.20% 0.00 TOTAL 3,387,0I1.92 3,387,011.92 l.20% 0.00 TOTAL OTHER PORTFOLIO ASSETS 3,387,011.92 3,387,0J 1.92 1.20% 0.00 NET PORTFOLIO ASSETS 287,539,788.26 282,598,897. 7 4 100.00% -4,940,890.52 08-Feb-2000 8:54:01 Executive Workbench YLl>ANAL YIELD ANALYSIS PAGE 1 OCSF07511102 2000/01/31 RUN DATE 02/04/00 DI.STRICT: LIQUID OPERATING RUN TIME 11.20.53 -----------= -==:.=-::::-=--=== ----==================~--e= PAR VALUE YTM AT CURIU:NT MOODY MARl<ET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARl<ET VALUE % TOTAL -------------------~---------------------·----------------------------------------- CASH & CASH EQUIVALENTS 134,632.92 DREYFUS TREASURY CASH MGMT .ooo S.055 AAA 100.000 134,632.92 .98 996085247 AAA 134,632.92 .69 3,500,000.00 U S TREASURY BILLS S.094 .ooo P-1 97.462 3,411,191.67 25.05 912795DI<4 03/02/2000 DO 03/04/99 A-1+ 3,411,181.67 17 .54 3,100,000.00 FEDERAL HOME LN BK CONS DISC N 5.464 .ooo P-1 9<). 924 3,697,194.17 27.15 313394SP5 MAT 02/02/2000 A-1+ 3,697,194.17 19.01 100,000.00 FEDERAL HOME LN M.TG CORP DISC 5.517 .ooo P-1 99.694 697 I 86J. .11 5.12 313396SV6 MAT 02/08/2000 A-1+ 697,861..11 3.59 2 ,500,000.00 FEDERAL NATL MTG ASSN DISC 5.603 .000 'AAA 99,858 2,495,301.39 19.33 313588SX4 02/10/2000 AAA 2,496,450.00 12.84 900,000 .00 ALUMINUM CO AMER DISC 5.917 .ooo P-1 99. 710 897,390.00 6.59 02225ABJO 02/18/2000 897,390.00 •l.61 900,000.00 FLORIDA PWR CORP DISC 6.034 .ooo P-1 98.939 890,448.00 6 .53 34110AB93 02/09/2000 890,448.00 4.59 900,000.00 GENERAL ELEC CAP DISC 6.205 .ooo P-1 98.960 890,636.50 6.54 36959HBE6 02/14/2000 890,636.50 4.59 503,000.00 FEDERAL HOME LN MTG CORP DISC 7.512 .ooo P-1 99.688 501,430.56 3.68 313396SQ7 02/03/2000 A-1+ 501,430.56 2.58 ---------~--------------------------TOTAL CASH & CASH EQUIVALENTS 5.343 .077 13,606,076.32 100.00 13,617,224.93 70.02 FIXED INCOME SECURITIES 1,000,000.00 FEDERAL BO.ME LN MTG CORP DEBS . .000 4.706 AAA 99.984 999,200.00 17.14 3134A3RT5 'FLTG RT 05/19/2000 DD 05/18/99 AAA 999,840.00 5 .14 475,ooo.oo ASSOCIATES CORP NORTB AMER 6.296 6 .012 AA3 99.802 474,273.25 e.12 046003EL9 6.000% 06/15/2000 AA-474,059.50 2 .44 900,000.00 FORD MTR CR MTN t TR 00539 6.312 6.996 Al 100.341 905,913.00 15.48 345402YK1 7.020% 10/10/2000 DD, 10/10/95 A 903,069.00 4.64 YLDANAL YIELD ANALYSIS PAGE 2 OCSF07511102 2000/01/31 RUN DATE 02/04/00 DISTRICT: LIQUID OPERATING RUN TIME 11.20.53 ---::::======-c=- PAR VALUE YTH AT CURRENT MOODY HARI<ET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PJUCE MARKET VALUE % TOTAL --------------------------------------------------------------------------------------------- 400,000.00 LEHMAN BROS HLDGS MTN TR 00252 6.353 6.416 A3 99. 749 400,216.00 6.84 52517PLM1 6 .400% 08/30/2000 DD 09/26/97 A 398,996.00 2 .05 900,000.00 GENERAL HTRS CORP NTS 6 .425 9.429 A2 102 .082 922,960.00 15.75 370442AH8 9 .625% 12/01/2000 DD 12/01/90 A 918,738.00 4. 72 150,000.00 MORGAN J P & CO MTN SR 00043 6.430 6.155 Al 99.515 149,625.00 2.55 61687YBUO 6.125% 10/02/2000 DD 10/02/97 AA 149,272 .50 .77 soo,000.00 INTERNATI ONAL PAPER CO NT 6 ,535 9.666 A3 100.351 506,445.00 8.60 460146AJ2 9.700% 03/15/2000 DD 03/21(90 BBB+ 501,755.00 2 .58 500,000.00 BURLINGTON RES INC NT 6 .579 9 .524 A3 101. 062 505,900.00 8.66 122014AB9 9 .625% 06/15/2000 DD 06/28/90 A-505,310.00 2.60 500,000.00 GTE CORP DEB 6.669 9.200 BAAl 101.907 512,080.00 8.73 362320AQ6 9.375% 12(01(2000 A 5091535.00 2.62 475,000.00 FINOVA CAP CORP 6.820 6 .412 BAAl 99.428 473,031.25 8.09 318074AF8 6.375% 10/15/2000 DD 10/11/95 A-472,283.00 2.43 --------------------~---~------- TOTAL FIXED INCOME SECURITIES 4.599 6 .862 5,849,543.50 100.00 5,832,858.00 29.99 ---~ --?------------------------- TOTAL 5.113 2.172 19,455,619.82 100.00 19,450,082.93 100.00 YLDANAL YIELD ANALYSIS PAGE 3 OCSF07522202 2000/01/31 RUN DATE 02/04/00 DISTRICT: LONG-TERM OPERATING RUN TIME 11.20.53 PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ----------------------------------------------------------------------------------- CASH & CASH EQUIVALENTS 256,033.86 DREYFUS TREASURY CASH MGMT .ooo 5.055 AAA 100.000 256 ,033.86 .47 996085247 AAA 256,033.86 .08 .oo BSDT-LATE MONEY DEPOSIT ACCT .ooo .ooo .000 .oo .oo 996091094 .oo .oo 1,100,000.00 FEDERAL NATL MTG ASSN DISC NT 5.493 .ooo P-1 99.772 1,097,488.33 2.02 313588SW6 MAT 02/09/2000 A-1+ 1,097,488.33 .36 i,200,000.00 FEDERAL FARM CR BI< CONS SYSTEM 5.496 .ooo P-1 99.711 1,196,529.33 2.20 313312SV3 MAT 02/08/2000 A-1+ 1,196,529.33 .39 900,000.00 MERRILL LYNCH CO DISC 5,533 .ooo P -1 99,939 899,447.00 1.65 59018JB11 02/0112000 899,447.00 .29 14,000,000.00 XEROX CORP DISC 5.669 .ooo P-1 99.670 13,953,858.33 25.74 98412CBG3 02/16/2000 13,953,858.33 4.57 600,000.00 ANZ DELAWARE INC DISC 5.702 .000 P-1 99.621 597 ,728 .00 1.10 0018l~H3 02./17/2000 597,728.00 .20 3,500,000.00 NATIONAL RURAL DISC 5.763 .000 P-1 99.601 3,486,048.61 6 .43 63743CBR3 02/25/2000 3,486,048.61 1.14 l,200,000.00 CBA (DELAWARE) DISC 5.764 .ooo 99.585 1,195,025.33 2.20 12478JB70 02/07/2000 1,195,025.33 .39 2,0001000.00 CBA (DELAWAR) DISC 5. 913 .ooo 99.927 2,769,970.00 5.11 12478JD37 04/03/2000 2,769,970.00 .91 7,700,000.00 IBM DISC 5.969 .ooo P-1 99.015 7,624,155.00 14.06 459200885 02/08/2000 7,624,155.00 2.49 10,700,000.00 GENERAL ELEC CAP DISC 6.018 .ooo P-1 98.876 10,579,743.99 19.Sl 369598097 02/09/2000 10,579,743.89 3.46 1,100,000.00 NATIONAL RURAL DISC 6 .316 .ooo P-1 99.804 1,086,844.00 2.00 63743CBQS 02/24/2000 1,086,844.00 .36 9,500,000.00 FEDERAL HOME LN MTG CORP DISC 9.195 .ooo P-1 99.570 9,459,139.44 17.45 3133965P9 MAT 02/02/2000 A-l+ 9,459,139.44 3.10 YLDAtiAL YIELD ANALYSIS PAGE 4 OCSF07522202 2000/01/31 RUN DATE 02/04/00 DISTRICT: LONG-TB RM OPERATING RUN TIME 11.20.53 ---·--------r::=------ PAR VALUE YTM A'l! CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOI< YIELD S-P PRICE MARI<ET VALUE % TOTAL -----·------------------------------------------------------------------~----- ---------------~------TOTAL CASH & CASH EQUIVALENTS 5.758 .063 54,202,011.12 100.00 54,202,0ll.12 17.74 FIXED INCOME SECURITIES 2,000,000.00 BANKERS TR NY CORP GLOBAL NT .ooo 5 .798 Al 99.959 1,992,800.00 • 79 0663650W4 FLTG RT 05/11/2003 DD 05/11/98 A-1,999,180.00 .65 3,500,000.00 CBR,YSLER FINL LLC MTN fl'R00615 .000 5.950 Al 99.875 3,498,635.00 l.39 17120QE80 FLTG R'l' 08/08/2002 DD 04/08/98 A+ 3,495,625.00 1.14 2,000,000.00 FORD MTR CR CO GLOBAL NTS .ooo 6 .216 Al 99.656 1,992,580.00 .79 345397RV7 FLTG RT 02/13/2003 DO 02/13/98 A l,993,120.00 .65 2,000,000.00 FORD MTR CR CO TERM ENHANCED .ooo 6.216 Al 99.843 1,998,613.60 .79 345397SC8 FLTG RT 08/27/2006 DD 08/27/98 A+ l,996,860.00 .65 3,000,000.00 GENERAL MTRS ACCEP MTN .ooo 6.491 A2 100.375 3,010,830.00 1.19 J7042WVR9 FLTG RT 12/17/2001 DD 12/15/98 A 3,011,250.00 .99 3,950,000.00 GENERAL MTRS ACc,EP CORP NTS .000 5.588 A2 99.636 3 1 918,768.50 1.56 370425QV5 FLTG RT 08/18/2003 DD 08/17/98 A 3,935,622.00 l.29 2,000,000.00 HELLER FINANCIAL INC NTS .ooo 6.372 A3 100.588 2,000,000.00 .80 423328BI<8 FLTG RT 06/25/2001 DD 06/25/99 A-2,0ll,760.00 .66 3,000,000.00 HELLER FINL MTN fTR 00246 .ooo 5.657 A3 100.672 3,000,000.00 l.20 42333HLF7 FLTG RT 04/28/2003 DO 04/27/99 A-3,020,160.00 .99 4,000,000.00 HOUSEHOLD FIN CO MTN .000 s.435 A2 100.255 4,000,000.00 1.59 44181KZA5 FLTG RT 06/24/2003 DO 06/24/98 A 4,010,200.00 l. 31 l,000,000,00 HOUSEHOLD FIN MTN SR #00570 .ooo 5.730 A2 100.246 999,188.90 .39 44181I<ZT4 FLTG RT 08/01/2001 00 09/04/98 A 1,002,460.00 .33 5,000,000.00 LEHMAN BROS HLDGS MTN .000 6 .673 A3 100.015 5,000,000.00 1.98 52517PQQ7 FLTG RT 12/12/2002 DD 12/07/99 A 5,000,150.00 1.64 1,100,000.00 MORGAN STANLEY MTN fTR 00311 .000 6.167 AAJ 99·969 l,699;517.20 .67 61745ENY3 FLTG RT 01/28/2002 00 01/27/00 1,699,468.75 . 56 7,355,890.00 US TREASURY INFLATION IND'EX NT 3.697 3.665 AAA 98.906 7,332,723.77 2.89 9128273A8 3.625% 07/15/2002 00 07/15/97 AAA 7,275,406 .67 2 .38 YLDANAL YIELD ANALYSIS PAGE 5 OCSF07522202 2000/01/31 RUN DATE 02/04/00 DISTRICT: LONG-TERM OPERATING RUN TIME 11.20.53 ======----==--=====:=-=--==== --==.::=::===---------======~==----====--- PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURI TY DESCRIPTION BOOK YI.ELD S-P .PRI.CE MARKET VALUE % TOTAL ------------------------------------------------------------------------------------ 10,622,400.00 US TREASURY INFLATION INDEX NT 3.720 3.574 AAA 94.437 10,343,375.00 3.99 912827.2M3 3.375% 01/15/2007 OD Ol/15/97 AM 10,031,475.89 3.28 1,000,310.00 OS TREASURY INFLATION INDEX NT 4 .335 4.269 AAA 99.562 993,230.00 .39 9128275W8 4.250%001/15/2010 DD 01/15/00 AAA 995,928 .64 .33 4,000,000.00 MORGAN STANLEY MTN JTR 00299 5.170 5.468 AAJ 99.859 3 ,997,788 .00 1. 58 61745ENL1 FLTG RT 04/15/2002 DD 04/15/99 A+ 3,994,360.00 1. 31 2,100,000.00 U S TREASURY NOTES 5.294 6.402 AAA 99.578 2,167,3;!1.15 .83 912827Z54 06.375% 09/30/2001 DD 09/30/96 AAA 2,091,138.00 .68 5,200,000.00 U S TREASURY BONDS 5.617 10.178 AM 116.672 6 ,698,250.00 2 ,41 912810DGO 11. 875% 11/15/2003 DD 10/05/83 AAA l>,066,944.00 1. 99 1,500,000.00 ASSOCIATES CORP N A SR NTS 5.650 6.6211 AA3 98.067 1,543,215.00 ,59 046003HY8 6.500% 07/15/2002 DD 07/11/97 AA-1,471,005.00 .48 l,000,000.00 RELLER FIN:!\NCIAL UIC NTS 5.760 5.909 Al 97.303 999,730.00 .38 42333HKJO 5 .750% 09/25/2001 DD 09/25/98 A-973,030 .00 .32 2,005,000.00 SEARS ROEBUCK ACCEP CORP MTN 5.804 6.758 A3 96.781 2,060,739.00 .77 81240QGW6 6.540% 02/20/2003 DD 02/20/97 A-1,940,459.05 .63 23,430,000.00 U S TREASURY NOTES 5.807 5. 713 AAA 98.453 23,351,289.85 9.17 9128275Q1 05.625% 09/30/2001 DD 09/30/99 AAA 23,067,.537.90 7.55 s,000,000.00 U S TREASURY NOTES 5.Bll 6.298 AAA 99.234 5,086,402.25 1. 97 9128272L5 06.250% 02/28/2002 DD 02/28/97 AAA 4,961,700.00 1.62 3,000,000.00 SEARS ROEBUCK ACCEP CORP MTN 5 .849 6.782 A3 97.765 3,073,170.00 1.16 812400JA1 6.630% 07/09/2002 DD 07/09/97 A-2,932,950.00 .96 6,000,000.00 NATIONSBANK CHARLOTTE N C MTN 5.882 5.856 AAl 99.890 S,996,400.00 2 .38 63858JDE6 5.850% 04/07/2000 DD 04/07/98 AA-5,993,400.00 1.96 532,778.40 FHLMC MULTICL MTG P/C 1574 E 5.912 5 • .933 .99.437 532,029.17 . 21 3133T02D5 5.900% 06/15/2017 52.9, 778. 86 .17 15,0001000.00 FEDERAL NATL M.TG ASSN MTN 5.981 5.908 AAA 98.516 14,955,300.00 5.87 31364G2VO 5 .820% 07/19/2001 OD 07/19/99 AAA 14,777,400.00 4 .84 2,500,000.00 MERRILL LYNCB NOTES 5.995 6.467 AA3 98.574 2,526,725.00 .98 59018SXP4 6.375% 10/01/2001 DD 10/03/97 AA-2,464,350.00 .Bl YLDANAL YI.ELD ANALYSIS PAGE 6 OCSF07522202 2000/01/31 RUN DATE 02/04/00 DISTRICT: LONG-TERM OPERATING RUN TIME 11. 20.53 ==-= -·---=--==- PAR VALUE YTM AT CURRENT MOODY MARXET TOTAL COST/ % TY.PE SECURITY I.D SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ---------~----------------------------------------·----------------------------------------- 1,549;579 .30 GNMA 11 POOL 10080023 6.005 6 .078 AAA 100.766 1,575,244.21 .62 3622SCAZ9 6.125% 12/20/2026 DD 12/01/96 AAA 1,561,449.08 .51 7,500,000.00 BELLSOUTH TELECOMMUNICATIONS 6 ,010 6 .174 AAA 97.186 7,497,255,00 2.89 079867AX5 6.000% 06/15/2002 DD 06/15/98 AAA 7,288,950.00 2.39 12,500,000.00 FEDERAL HOME LN MTG CORP DEBS 6.062 6,059 AAA 99.030 12,485,625.00 4.92 3134A3ZM1 6.000% 07/20/2001 OD 07/20/99 AAA 12,378,750.00 4.05 2,000,000.00 BANKBOSTON CORP SR NTS 6 .133 6.294 A2 97. 314 1,999,600.00 .77 06605TAL6 6 .125% 03/15/2002 OD 03/12/99 A 1,946,280.00 .64 60,447 .91 FIFTH THIRD BK AUTO TR 96A CLA 6.200 6 .212 AAA 99.812 60,447.90 .02 31677EAA4 6 .200% 09/01/2001 DD 03/15/96 60,334.27 .02 1,000,000.00 POPULAR INC MTN JTR 00004 6.201 6,293 A3 98.519 1,000,000.00 .39 73317PAD1 6.200% 04/30/2001 DD 04/21/99 BBB+ 985,190.00 .32 2,500,000.00 FHLMC MULTICLASS CTF 2146 QT 6,207 6,184 AAA 97.031 2,455,859.'38 .96 3133TKl<UJ 6.000% 11/15/2011 AAA 2,425,775.00 .79 421,409.41 GREEN TREE CORP 99-0 CL A-1 6.290 6.308 AAA 99. 718 421,409.41 .16 3935052Y7 6.290% 10/15/2013 DD 08/26/99 AAA 420,221.04 .14 4,500,000.00 FEDERAL NATL MTG ASSN MTN 6.291 6 .323 AAA 98.531 4,488 ,705.00 1. 76 31364CXV5 6.230% 03/01/2002 DD 03/03/97 AAA .4,433,895.00 1 •. 45 3,156,372.18 FHLMC MOLTICLASS CTF E3 A 6.316 6.124 AAA 97.120 3,159,824.28 1.21 3133TCE95 6 .324% 08/15/2032 AAA 3,065,468.66 1.00 2,000,000.00 BEAR STEARNS COS INC 6.330 6,956 A2 97.033 2,Q31,960.00 • 77 073902AH1 6.750% 04/15/2003 A 1,940,660.00 .64 2,000,000.00 FRLMC MULTICLASS CTF T11 A6 6.496 6.858 AAA 94.785 2,000,888.00 .75 3133TDPV2 6.500% 09/25/2018 AAA 1,895,700.00 .62 2,386,560.84 FBLMC MOLTICLASS CTF SER 1620Z 6.531 7.226 AAA 83.039 2,230,420.90 .78 3133Tl7A4 6.000% 11/15/2023 UD 11/01/93 AAA 1,981,769.10 .65 9,000,000.00 PHILIP MORRIS COS NT 6.593 9.243 A2 100.080 9,903,780.00 3 .58 718154882 9 .250% 02/15/2000 A 9,007,200.00 2.95 6,250,000.00 COMMIT TO PUR GNMA SF MTG 6.612 6. 718 AAA 89.313 5,609,375.00 2.22 01N060627 6 .000\ 02/15/2029 AAA 5,582,062.50 1.83 YLDANAL YIELD ANALYSIS PAGE 7 OCSF07522202 2000/01/31 RON DATE I 02/04/00 DISTRICT: LONG-TERM OPERATING RUN TIME 11.20.53 ======-=== PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ ' TYPE SECURITY iD SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE ' TOTAL -----------------_____________________ , __ ------------------------------------------- 8,938,408.42 FHLMC GROUP fGS-0476 6,628 7.046 AAA 99 .341 9,078,071.04 3.53 3129DDQ55 7.000\ 02/01/2003 DD 02/01/98 AAA 8,879,504.31 2 .91 2,042,430.91 GNMA II POOL #080088M 6.705 6.339 AAA 100.563 2,087,108.99 .81 36225CC20 VAR RT 06/20/2027 DD 06/01/97 AAA 2,053,929 .70 .67 10,500,000.00 FEDERAL HOME LN MTG CORP DEBS 6. 711 6.544 AAA 96.266 10,323,075.00 4.02 3134A3TCO 6.300\ 06/01/2004 DD 06/01/99 AAA 10,107,930.00 3 .31 2,000,000.00 MARSH & MCLENNAN COS INC SR NT 6. 717 6.905 A2 95.951 1,992,280.00 .76 571749AB8 6 .625% 06/15/2004 DD 06/14/99 AA-1,919,020.00 .63 3,200,000,00 U S TREASURY NOTES 6. 718 6.295 AAA 95.312 3,039,500.00 1.21 9128275N8 06.000% 08/15/2009 DD 08/15/99 AAA 3,049,984.00 1.00 21,soo,000.00 COMMIT TO PUR GNMA I SF MTG 6. 720 7.034 AAA 92.406 1.9,934,687.50 7.90 01N062623 6.500\ 02/22/2030 AAA 19,867,290.00 6.50 3, ooo,, 000. 00 FORD MTR CR CO GLOBAL LANDMARK 6.739 6.939 Al 96.557 2,995,080.00 1.15 345397SJ3 6 .700\ 07/16/2004 DD 07/16/99 A+ 2 ,896,710.00 .95 2,aoo,000.00 U S TREASURY NOTES 6.771 5.460 AAA 87.000 2,429,218.75 .96 9128274Vl 04.750\ 11/15/2008 DD 11/15/98 AAA 2,436,000.00 .so 900,000.00 FEDERAL HOME LN BK CONS BDS 6. 777 6.775 AAA 99.630 899,550.00 .35 3133MAQJ1 6.750% 02/01/2002 DD 02/01/00 AAA 896,670.00 .29 2,500,000.00 COUNTRYWIDB HOM.E LNS INC NT 6.866 7.087 A3 96.653 2,498,400.00 .96 222370AB8 6.850% 06/15/2004 DD 06/24/99 A 2,416,325.00 .79 .983,581.69 FNMA POOL 10252703 6.877 6. 723 AAA 96.687 963,141.63 ,37 31371BU48 6.500% 09/01/2006 DD 08/01/99 AAA 950,995.63 .31 2,000,000.00 GNMA GTD REM!C 1'R 2000-2 PA 7.014 7.011 AAA 9.9. au 1,9.96,875.00 .7.9 3837H3C70 7.000% 12/20/2022 AAA 1,996,875.00 .65 2,000,000.00 LONG ISLAND LTG CO DEB 7.512 8.450 BAA3 97.039 2,151,2so.oo .77 542671CT7 8 .200\ 03/15/2023 DD 03/28/93 A-1,940,780.00 .64 976,877.08 WMP/HUNTOON PAIGB #000-11150 7. 684 7.667 AAA 97.828 955,660.53 .38 302998GE3 7 .500% 12/01/2030 DD 10/21/99 AAA 955,660.53 .31 9,600,000.00 U S TREASURY BONDS 7.966 9.008 AAA 138.766 13, 314 ,211. 20 5.29 912810DL9 12.500\ 08/15/2014 DD 08/15/84 AAA 13,321,536.00 4 .36 YLOANAL OCSF07522202 DISTRICT: LONG-TERM OPERATING PAR VALUE SECURITY ID SECURITY DESCRIPTION TOTAL FIXED INCOME SECURITIES TOTAL YIELD ANALYSIS 2000/01/31 PAGE RUN DATE RUN TIME 8 02/04/00 11.20.53 ------------------===--========----=-==============---~=======~=-======= YTM AT CORR.ENT MOODY MARXET BOOK YIELD S-P PRICE 4.287 6.054 4 .345 5.819 TOTAL COST/ MARKET VALUE 256,347,125.10 251, 406' 23'1. 58 310,549,136.22 305,608,245.70 % TYPE % TOTAL 100.00 82.29 100.00 100.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL Ol-JAN-2000 -31-JAN-2000 TRANSACTION DESCRJPTlON/ BROKER TRADE DATE/ SETTLDATE/ COMPLDATE RECEIPTS AND DISBURSEMENT TRANSACTIONS OTHER ADMINISTRA TJVE EXPENSES LIQUID OPER-PIMCO 0.00 PED WIRE FEES 04-Jan-2000 99365E894 LEHMAN BROTHERS REPO cw 04-Jan-2000 LONG TERM OPER-PIMCO 0.00 FED WIRE FEES 04-Jan-2000 99365E894 LEHMAN BROTHERS RBPO cw 04-Jan-2000 LONG TERM OPER-PIMCO 0.00 PED WIRE FEES 05-Jan-2000 99365F685 LEHMAN BROTHERS REPO cw 05-Jan-2000 LIQUID. OPER-PlMCO 0.00 FED WIRE FEES FOR DEC 05-Jan-2000 NA9123459 cw 05-Jan-2000 LONG TERM OPER-PIMCO 0.00 FED WIRE FEES FOR DEC 05-Jan-2000 NA9123459 cw 05-Jan-2000 LIQUID OPER-PIMCO 0.00 FED WIRE FEES l 4-Jan-2000 99365N951 LEHMAN BROTHERS REPO cw 14-Jan-2000 07-Feb-lOOO 15:01:26 PAGE: J AMOUNT/ COST/ GAIN/LOSS -0.85 0.00 0.00 -0.85 0.00 0.00 -0.85 0.00 0.00 -10.20 0.00 0.00 -l.70 0.00 0.00 -1.70 0.00 0.00 Executive Workbench OCSGOOO I 0000 OCS/faCONSOLIDA'TED SHARESIPAR SECURITY ID TRANSCODE PURCHASES 0.00 99365P758 cw 0.00 99365Q996 cw CASH & CASH EQUIVALENTS 12,300,000.00 99365E894 B 12,300,000.00 99365E894 FC (,000,000.00 3l3396RYl B 1,000,000.00 313396RYI FC 07-Feb-2000 15:01:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PlMCO FED WIRE FEES GOLDMAN SACHS LP REPO LIQUID OPER-PIMCO FED WIRE FEES LEHMAN BROTHERS REPO LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 05.550% 01/04/2000 DD 01/03/ LEHMAN BROS INC, NJ LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 05.550% 01/04/2000 DD 01103/ LEHMAN BROS INC, NJ LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT Ol/18/2000 CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT Ol/18/2000 CRED1T SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE 18-Jan-2000 l 8-Jan-2000 19-Jan-2000 19-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 OJ .. Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 PAGE: 2 AMOUNT/ COST/ GAIN/LOSS -1.70 0.00 0.00 -1.70 0.00 0.00 -12,300,000.00 l 2,300,000.00 0.00 -12,300,000.00 0.00 0.00 -997,708.33 997,708.33 0.00 -997,708.33 0.00 0.00 Executive Workbench fb ORANGE COUNTY SANITATION DISTRICT PAGK PORTFOLIO DETAIL OCSGOOOJOOOO 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDA:TE GAIN/LOSS LIQUID OPER-PIMCO 2,500,000.00 FEDERAL NATL MTG ASSN DISC 03-Jan-2000 -2,485,301.39 313588SX4 02110/2000 03-Jan-2000 2,485,301.39 B MERRILLLYNCHPIERCEFENNER 0.00 LIQUID OPER-PIMCO 2,500,000.00 FEDERAL NATL MTG ASSN DISC 03-Jan-2000 -2,485,30139 313588SX4 02110/2000 03-Jan-2000 0.00 FC MERRILLLYNCHPIERCEFENNER 03-Jan-2000 0.00 LIQUID OPER-PIMCO 500,000.00 LEHMAN BROTHERS REPO 03-Jan-2000 -500,000.00 99365E894 05.550% 01/04/2000 DD 01/03/ 03-Jan-2000 500,000.00 B LEHMAN GOVT SECS INC, NY 0.00 LIQUID OPER-PIMCO 500,000.00 LEHMAN BROTHERS REPO 03-Jan-2000 -500,000.00 99365E894 05.550% Ql/04/2000 DD 01/03/ 03-Jan-2000 0.00 FC LEHMAN GOVT SECS INC, NY 03-Jan-2000 0.00 LIQUID OPER-PIMCO 149,42 DREYFUS TREASURY CASH MGMT 04-Jan-2000 -149.42 996085247 04-Jan-2000 149.42 B 0.00 LIQUID OPER-PIMCO 149.42 DREYFUS TREASURY CASH MGMT 04-Jan-2000 -149.42 996085247 04-Jan-2000 0.00 FC 04-Jan-2000 0.00 LONG TERM OPER-PlMCO 1,895.4-0 DREYFUS TREASURY CASH MGMT 04-Jan-2000 -1,895.40 996085247 04-Jan-2000 1,895.40 B 0.00 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 4 PORTFOLIO DETAIL OCSGOOO I 0000 Ol-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 1,895.40 DREYFUS TREASURY CASH MGMT 04-Jan-2000 -1,895.40 996085247 04-Jan-2000 0.00 FC 04-Jan-2000 0.00 LIQUID OPER-PIMCO 500,000.00 FEDBRAL HOME LN MTG CORP DIS 04-Jan-2000 -499,926.8 I 313396RK1 MAT 01/05/2000 04-Jan-2000 499,926.81 B GOLDMAN SACHS & CO, NY 0.00 LIQUID OPER-PIMCO 500,000.00 FEDERAL HOME LN MTG CORP DIS 04-Jan-2000 -499,926.81 313396R.Kt MAT 01/05/2000 04-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 04-Jan-2000 0.00 LONG TERM OPER-PIMCO 12,300,000.00 LEHMAN BROTHERS REPO 04-Jan-2000 -12,300,000.00 99365F685 05.400% 0110512000 DD 01/04/ 04-Jan-2000 12.300,000.00 B LEHMAN BROS INC, NJ 0.00 LONG TERM OPER-PIMCO 12,300,000.00 LEHMAN BROTHERS REPO 04-Jan-2000 -l 2,300,000.00 99365F685 05.400% 01/05/2000 DD 01/04/ 04-Jan-2000 0.00 FC LEHMAN BROS INC, NJ 04-Jan-2000 0.00 LIQUID OPER-PIMCO 2,583.37 DREYFUS TREASURY CASH MGMT 05-Jan-2000 -2,583.37 996085247 05-Jan-2000 2,583.37 B 0.00 LIQUID OPER-PIMCO 2,583.37 DREYFUS TREASURY CASH MGMT 05-Jan-2000 -2,583.37 996085247 05-Jan-2000 0.00 FC 05-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAG& PORTFOLIO DETAIL OCSGOOO I 0000 01-JAN-2000 -31 .. JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST! TRANSCODE BROKER COMPLDATE GAlN/LOSS LONG TERM OPER-PIMCO 61,756.91 DREYFUS TREASURY CASH MGMT 05-Jan-2000 -61 ,756.91 996085247 05-Jan-2000 61,756.91 B 0.00 LONG TERM OPER-PJMCO 61,756.91 DREYFUS TREASURY CASH MGMT 05-Jan-2000 -61,756.91 996085247 05-Jan-2000 0.00 FC 05-Jan-2000 0.00 LIQUID OPER-PIMCO 500,000.00 FEDERAL HOMELN MTG CORP DIS 05-Jan-2000 -4991927.SO 313396RL9 MAT 01106/2000 OS-Jan-2000 499,927.50 B MORGAN J p SECS -FIXED INCO 0.00 LIQUID OPER-PIMCO 500,000.00 FEDERAL HOME LN MTG CORP DIS 05-Jan-2000 -499,927.50 313396RL9 MAT 01/06/2000 05-Jan-2000 0.00 FC MORGAN J P SECS -FIXED INCO 05-Jan-2000 0.00 LONG TERM OP ER-PIM CO 12,300,000.00 FEDERAL HOME LN MTG CORP DIS 05-Jan-2000 -12,247,096.33 313396SP9 MAT 02/02/2000 05-Jan-2000 12,247,096.33 B GOLDMAN SACHS & CO, NY 0.00 LONG TERM OPER-PIMCO 12,300,000.00 FEDERAL HOME LN MTG CORP DIS 05-Jan-2000 -12,247,096.33 313396SP9 MAT 02/02/2000 05-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 05-Jan-2000 0.00 LIQUID OPER-PIMCO 203,000.00 FEDERAL HOME LN MTG CORP DIS 06-Jan-2000 -202,120.56 313396SQ7 02/03/2000 06-Jan-2000 202,120.56 B MORGAN STANLEY & CO INC, NY 0.00 07-Feb-2000 15:01:26 Executive Workbench 8 ORANGE COUNTY SANITATION DISTRICT PAGE: 6 PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECU.lUTYID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAlN/LOSS LIQUID OPER-PIMCO 203,000.00 FEDERAL HOME LN MTG CORP DIS 06-Jan-2000 -202,120.56 3J3396SQ7 02/03/2000 06·Jan-2000 0.00 PC MORGAN STANLEY & CO INC, NY 06-Jan-2000 0.00 LIQUID OPER-PIMCO 15,450.70 DREYFUS TREASURY CASH MGMT 12-Jan-2000 ·15,450.70 996085247 12-Jan-2000 15,450.70 B 0.00 LIQUID OPER-PIMCO 15,450.70 DREYFUS TREASURY CASH MGMT 12-Jan-2000 -15,450.70 996085247 l 2-Jan-2000 0.00 FC 12-Jan-2000 0.00 LIQUID OPER-PIMCO 500,000.00 FEDERAL HOME LN MTG CORP DIS 12-Jan-2000 -499,923.61 313396RT2 MAT OJ/1312000 12~Jan-2000 499,923.61 B GOLDMAN SACHS & CO, NY 0.00 LIQUID OPER-PIMCO 500,000.00 FEDERAL HOME LN MTG CORP DIS 12~an-2000 -499,923.61 313396RT2 MAT 01/13/2000 12-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 12-Jan-2000 0.00 LONG TERM OPER-PIMCO 1,200,000.00 CBA (DELAWARE) DISC 12-Jan-2000 -1,195,025.33 12478JB70 02/07/2000 12-Jan-2000 l, 195,025.33 B MERRILLLYNCHPIERCEFENNER 0.00 LONG TERM OPER-PJMCO I ,200,000.00 CBA (DELAWARE) DISC 12-Jan-2000 -1, 195,025.33 12478JB70 02/07/2000 12-Jan-2000 0.00 FC MERRILLLYNCHPIERCEFENNER 12-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench OCSGOOOJ 0000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 500,000.00 99365N95 l B 500,000.00 99365N9Sl FC 73.99 996085247 B 73.~9 996085247 FC 1,510,775.90 996085247 B 1,510, 775.90 996085247 PC 500,000.00 9936SP758 .B 07-Feb-2000 15:01:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.450% 01114/2000 DO 01/13 / LEHMAN BROS INC, NJ LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.450% 01114/2000 DD 01/13/ LEHMAN BROS INC, NJ LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LONGTERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO GOLDMAN SACHS LP REPO 05.300% 01/18/2000 DD 01/14/ GOLDMAN SACHS & CO, NY TRADE DATE/ SETTLDATE/ COMPLDATE 13-Jan-2000 13-Jan-2000 13-Jan-2000 13-Jan-2000 13-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 l 4-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 7 AMOUNT/ COST/ GAIN/LOSS -500,000.00 500,000.00 0.00 -500,000.00 0.00 0.00 -73.99 73.99 0.00 -73.99 0.00 0.00 -1,510,775.90 l,510,775.90 0.00 -1 ,510,775.90 0.00 0.00 -500,000.00 500,000.00 0.00 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 8 PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLJDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-PlMCO 500,000.00 GOLDMAN SACHS LP REPO 14-Jan-2000 -500,000.00 99365P758 05.300% 01/18/2000 DD 01114/ 14-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 14-Jan-2000 0.00 LIQUID OPER-PIMCO 5,688.68 DREYFUS TREASURY CASH MGMT I 8-Jan-2000 -5,688.68 996085247 18-Jan-2000 5,688.68 B 0.00 LIQUID OPER-PIMCO 5,688.68 DREYFUS TREASURY CASH MGMT l 8-Jan-2000 -5,688.68 996085247 18-Jan-2000 0.00 FC l 8-Jan-2000 0.00 LIQUID OPER-PlMCO 1,500,000.00 LEHMAN BROTHERS REPO 18-Jan-2000 -1,500,000.00 99365Q996 05.680% 01/19/2000 DD 01/18/ 18-Jan-2000 1,500,000.00 B LEHMAN BROS INC, NJ 0.00 LIQUID OPER-PIMCO 1,500,000.00 LEHMAN BROTHERS REPO l 8-Jan-2000 -1,500,000.00 99365Q996 05,680% 01/19/2000 DD 01/18/ I 8-Jan-2000 0.00 FC LEHMAN BROS INC, NJ 18-Jan-2000 0.00 LONG TERM OPER-PIMCO 458,966.85 DREYFUS TREASURY CASH MGMT l 9-Jan-2000 -458,966.85 996085247 19-Jan-2000 458,966.85 B 0.00 LONG TERM OPER-PIMCO 458,966.85 DREYFUS TREASURY CASH MGMT 19-Jan-2000 -458,966.85 996085247 I 9-Jwi-2000 0.00 FC 19-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE.: 9' PORTFOLIO DETAIL OCSGOOO 10000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAlN/LOSS LONG TERM OPER-PIMCO 9,059.65 BSDT-LA TE MONEY DEPOSIT ACCT 19-Jan-2000 ·9,059.65 996087094 19-Jan-2000 9,059.65 B 0.00 LIQUID OPER-PfMCO 300,000,00 FEDERAL HOME LN MTG CORP DlS 19-Jan-2000 -299,31 0.00 313396SQ7 02/03/2000 19-Jan-2000 299,310.00 B MORGAN JP SECS -FIXED INCO 0.00 LIQUID OPER-PIMCO 300,000.00 FEDERAL HOME LN MTG CORP DIS 19-Jan-2000 -299,310.00 313396SQ7 02/03/2000 19-Jan-2000 0.00 PC MORGAN J P SECS -FIXED INCO 19-Jan-2000 0.00 LIQUID OPER-PIMCO 700,000.00 FEDERAL HOME LN MTG CORP DIS 19-Jan-2000 -697 ,86 l. l l 313396SV6 MAT 02/08/2000 19-Jan-2000 697,861. l 1 B MERRILL LYNCH PIERCE FENNER 0.00 LIQUID OPER-PIMCO 700,000.00 FEDERAL HOME LN MTG CORP DIS l 9-Jan-2000 -697,861.11 313396SV6 MAT 02/0812000 19-Jan-2000 0.00 FC MERRILL LYNCH PIERCE FENNER 19-Jan-2000 0.00 LONG TERM OPER-PlMCO 1,200, 000. 00 FEDERAL FARM CR BK CONS SYST 20-Jan-2000 -1, 196,529.33 313312SV3 MAT 02/08/2000 20-Jan-2000 l, 196,529 .33 B GOLDMAN SACHS & CO, NY 0.00 LONG TEltM OPER-PIMCO 1,200,000.00 FEDERAL FARM CR BK CONS SYST 20-Jan-2000 -1,196,529.33 313312SV3 MAT 02/08/2000 20-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 20-Jan-2000 0.00 07-Feb-2000 15:01 :26 Executive Workbench 8 ORANGE COUNTY SANITATION DISTRICT PAGE: 10 PORTFOLIO DETAIL OCSGOOO 10000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 600,000.00 ANZ DELAWARE INC DISC 21-Jan-2000 -597,728.00 0018IRBH3 02/17/2000 24-Jan-2000 597,728.00 B CREDIT SUISSE FIRST BOSTON C 0.00 LONG TERM OPER-PIMCO 600,000.00 ANZ DELAWARE INC DISC 2 l-Jan-2000 -597,728.00 00181RBH3 02/17/2000 24-Jan -2000 0.00 FC CREDIT SUISSE FIRST BOSTON C 24-Jan-2000 0.00 LONG TERM OPER-PlMCO 500,000.00 FEDERAL HOME LN MTG CORP DIS 21-Jan-2000 -499, 788.34 313396SE4 MAT 01/24/2000 2 l-Jan-2000 499,788.34 B CREDIT SUJSSE FIRST BOSTON C 0.00 LONG TERM OPER-PIMCO 500,000.00 FEDERAL HOME LN MTG CORP DIS 21-Jan-2000 -499, 788.34 313396SE4 MAT 01124/2000 2 l-Jan-2000 0.00 FC CREDIT SUISSE FIRST BOSTON C 21-Jan-2000 0.00 LONG TERM OPER-PJMCO 1, 115,352.70 DREYFUS TREASURY CASH MGMT 24-Jan-2000 ·l,115,352.70 996085247 24-Jan-2000 I, I 15,352.70 B 0.00 LONG TERM OPER-PIMCO 1,115,352.70 DREYFUS TREAStJRY CASH MGMT 24-Jan-2000 -1,115,352.70 996085247 24-Jan-2000 0.00 FC 24~Jan-2000 0.00 LONG TERM OPER-PIMCO 1,100,000.00 FEDERAL NATL MTG ASSN DISC N 25-Jan-2000 -1,097,488.33 3l3588SW6 MAT 02/09/2000 25-Jan-2000 1,097,488.33 B MORGAN STANLEY & CO INC, NY 0.00 07-Feb-2000 15:01:26 Executive Workbench OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE l, 100,000.00 313588SW6 PC l,843,461.20 996085247 B 1,843,461.20 996085247 FC 14,000,000.00 98412CBG3 B 14,000,000.00 98412CBG3 FC 92,253.33 996085247 B 92,253.33 996085247 FC 07-Feb-1000 15:01:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000-31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PlMCO FEDERAL NATL MTG ASSN DISC N MAT 02/09/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER·PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO XEROX CORP DISC 02/16/2000 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO XEROX CORP DISC 02/16/2000 GOLDMAN SACHS & CO, NY LIQUID OPER-PlMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 25-Jan-2000 25-Jan-2000 25-Jan-2000 26-Jan-2000 26-Jan-2000 26.Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 28-Ian-2000 28-Jan-2000 28-Jan-2000 28-Jan-2000 28-Jan-2000 PAGE: 1/ AMOUNT/ COST/ GAIN/LOSS -1 ,097,488.33 0.00 0.00 -1,843,461.20 1,843,461.20 0.00 • t,843,461.20 0.00 0.00 -13,953,858.33 13,953,.858.33 0.00 -13,953,858.33 0.00 0.00 -92,253.33 92,253.33 0.00 -92,253.33 0.00 0.00 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 12 PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000-31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 3,347,892.08 DREYFUS TREASURY CASH MGMT 28-Jan-2000 -3,347,89;2.08 996085247 28-Jan-2000 3,347,892.08 B 0.00 LONG TERM OPER-PIMCO 3,347,892.08 DREYFUS TREASURY CASH MGMT 28-Jan-2000 -3,347,892.08 996085247 28-Jan-2000 0.00 FC 28-Jan-2000 0.00 LONG TERM OPER-PIMCO 6,663.88 BSDT-LATE MONEY DEPOSIT ACCT 28-Jan-2000 -6,663.88 996087094 28-Jan-2000 6,663.88 B 0.00 LIQUID OPER-PIMCO 3, 700,000.00 FEDERAL HOME LN BK CONS DISC '28-Jan-2000 -3,697, 194.17 313384SP5 MAT 02/02/2000 28-Jan-2000 3,697,194.17 B HSBC SECS INC, NEW YORK 0.00 LIQUID OPER-PIMCO 3,700,000.00 PEDERAL HOME LN BK CONS DISC 28-Jan-2000 -3,697,194.17 313384SP5 MAT 02/02/2000 28-Jan-2000 0.00 FC HSBC SECS INC, NEW YORK 28-Jan-2000 0.00 LONG TERM OPER-PIMCO 2,800,000.00 CBA (DELA WAR) DISC 28-Jan-2000 -2, 769,970.00 124781037 04/03/2000 28-Ian-2000 2,769,970.00 B MERRILL LYNCH PIERCE FENNER 0.00 LONG TERM OPER-PIMCO 2,800,000.00 CBA (DELA WAR) DISC 28-Jan-2000 -2,769,970.00 12478JD37 04/03/2000 28-Jan-2000 0.00 FC MERRILLLYNCHPIERCEFENNER 28-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: ti PORTFOLIO DETAIL OCSGOOO 10000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 900,000.00 MERRILL LYNCH CO DISC 28-Jan-2000 -899,447.00 59018JB11 02101/2000 28-Jan-2000 899,447.00 B MERRILL LYNCH PIERCE FENNER 0.00 LONG TERM OPER-PIMCO 900,000.00 MERRILL LYNCH CO DISC 28-Jan-2000 -899,447.00 59018JB11 02/01/2000 28-Jan-2000 0.00 FC MERRILL LYNCH PIERCE FENNER 28-Jan-2000 0.00 LIQUID OPER-PIMCO 2,610.00 DREYFUS TREASURY CASH MGMT 3 l-Jan-2000 ·2,610.00 996085247 3 l-Jan-2000 2,610.00 B 0.00 LIQUID OPER-PIMCO 2,610.00 DREYFUS TREASURY CASH MGMT 3 l-Jan-2000 -2,610.00 996085247 31 -Jan-2000 0.00 FC 3 l-Jan-2000 0.00 LIQUID OPER-PlMCO 900,000.00 ALUMINUM CO AMER DISC 3 l-Jan-2000 -897,390.00 02225ABJO 02/18/2000 3 l-Jan-2000 897,390.00 B GOLDMAN SACHS & CO, NY 0.00 LrQUID OPER·PIMCO 900,000.00 ALUMINUM CO AMER DISC 3 l-Jan-2000 -897,390.00 02225ABJO 02/18/2000 31-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 31-J an-2000 0.00 LONG TERM OPER-PIMCO 3,500,000.00 NAT10NAL RURAL DISC 31-Jan-2000 -3,486,048.61 63743CBR3 02/25/2000 3 l-Jan-2000 3,486,048.61 B CHASE SECURITIES, NEW YORK 0.00 07-Feb-2000 15:01·26 F.xecutive Wm•kbenclt OCSGOOO I 0000 OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSCODE 3,500,000.00 63743CBR3 FC FIXED INCOME SECURITIES 10,500,000.00 OIN062615 FC t 1,000,000.00 01N062615 FC 6,250,000.00 01N060619 FC 730,000.00 l lFOl 1610 FC 350,000.00 3180?4AF8 B 350,000.00 318074AF8 IB 07-Feb-2000 15:01:26 II ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL Ol-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO NATIONAL RURAL DISC 02/25/2000 CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SP MTG 6.500% 01/15/2029 .MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO COMMIT TOPURGNMASFMTG 6.500% 01/15/2029 BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.000% 01/15/2029 GOLDMAN SACHS & CO, NY LONG TERM OPER·PIMCO COMMIT TO PUR FNMA 11 TH DIST VAR RT 01/25/2029 GOLDMAN SACHS & CO, NY LIQUID OPER-PIMCO FlNOVA CAP CORP 6.375% 10/15/2000 DD 10/11/9 MORGAN JP SECS -FIXED INCO LIQUID OPER-PIMCO FJNOVA CAP CORP 6.375% 10/15/2000 DD 10/11/9 TRADE DATE/ SETTLDATE/ COMPLDATE 3 l-Jan-2000 31-Jan-2000 31-Jan-2000 27-0ct-1999 25-Jan-2000 25-Jan-2000 27-0ct-1999 25-Jan-2000 25-Jan-2000 02-Dec-1999 25-Jan-2000 25-Jan-2000 13-Dec-1999 26-Jan-2000 26-Jan-2000 03-Jan-2000 06-Jan-2000 03-Jan-2000 06-Jan-2000 PAGE: u AMOUNT/ COST/ GAIN/LOSS -3,486,048.61 0.00 0.00 -9.896,250.00 0.00 0.00 -10,360,625.00 0.00 0.00 -5, 750,000.00 0.00 0.00 -716,312.50 0.00 0.00 -348,670.00 348,670.00 o.oo -5,020.31 0.00 0.00 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE.: JS PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOL!DATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/WSS LIQUID OPER-PIMCO 350,000.00 FINOVA CAP CORP 03-Jan-2000 -353,690.31 318074AF8 6.375% 10/15/2000 DD 10/11/9 06-Jan-2000 0.00 F'C MORGAN IP SECS -flXED JNCO 06-Jan-2000 0.00 LONG TERM OPER-PIMCO 2,000,000.00 GNMA GTD REMIC TR 2000-2 PA 04-Jan-2000 -1,996,875.00 3837H3C70 7.000% 12/20/2022 28-Jan-2000 1,996,875.00 B BEAR STEARNS & CO INC, NY 0.00 LONG TERM OPER-PIMCO 2,000,000.00 GNMA GTD REMIC TR 2000-2 PA 04-Jan-2000 -10,500.00 3837H3C70 7.000% 12120/2022 28-Jan-2000 0.00 IB 0.00 LONG TERM OPER-PIMCO 2,000,000.00 GNMA GTD REMIC TR 2000-2 PA 04-Jan-2000 -2,007,375.00 3837H3C70 7.000% 12/2012022 28-Jan-2000 0.00 FC BEAR STEARNS & CO INC, NY 28-Ian-2000 0.00 LIQUID OPER-PIMCO 900,000.00 GENERAL MTRS CORP NTS 05-Jan-2000 -922,860.00 370442AH8 9.625% 12/0112000 DD 12/01/9 l 1-Jan-2000 922,860.00 B MORGAN JP SECS -FIXED INCO 0.00 LIQUID OPER-PIMCO 900,000.00 GENERAL MTRS CORP NTS 05-Ian-2000 -9,625.00 370442AH8 9.625% 12101/2000 DD 12/01/9 11-Jan-2000 0.00 m 0.00 LIQUID OPER-PIMCO 900,000.00 GENERAL MTRS CORP NTS 05-Jan-2000 -932,485.00 370442AH8 9.625% 12/0112000 DD12/01/9 1 l-Jan-2000 0.00 FC MORGAN JP SECS -FJXED INCO 1 l-Jan-2000 o.oo 07-Feb-2000 15:01 :26 Executive Workbench 8 ORANGE COUNTY SANITATION DISTRICT PAGE: 16 PORTFOLIO DETAIL OCSGOOOJOOOO 01-JAN-2000-31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 12,200,000.00 US TREASURY NOTES I O-Jan-2000 -ll,712,000.00 9l28275N8 06.000% 08/15/2009 DD 08/15/ 12-Jan-2000 11,712,000.00 B LEHMAN GOVT SECS INC, NY 0.00 LONG TERM OPER·PIMCO 12,200,000.00 US TREASURY NOTES 10-Jan-2000 ·298,369.57 9128275N8 06.000% 08/15/2009 DD 08/15/ 12-Jan-2000 0.00 lB 0.00 LONG TERM OPER·PlMCO 12,200,000.00 U S TREASURY NOTES l O-Jan-2000 ·12,010,369.57 9128275N8 06.000% 08/15/2009 DD 08/15/ 12-Jan-2000 0.00 FC LEHMAN GOVT SECS INC, NY 12-Jan-2000 0.00 LONG TERM OPER-PIMCO 6,250,000.00 COMMIT TO PUR GNMA SF MTG 1 l-Jan-2000 -5,609,375.00 01N060627 6.000% 02/15/2029 22-Feb-2000 5,609,375.00 B GOLDMAN SACHS & CO, NY 0.00 LONG TERM OPER-PIMCO 10,500,000.00 COMMIT TO PUR GNMAI SP MTG ll-Jan~2000 -9,732,187.50 01N062623 6.500% 0~/22/2030 22-Feb-2000 9, 732,187.50 B MERRILL LYNCH PIERCE FENNER 0.00 LONG TERM OPER-PIMCO 11,000,000.00 COMMIT TO PUR GNMA I SF MTG 1 l-Jan-2000 -10,202,500.00 OIN062623 6.500% 02/22/2030 22-Feb-2000 I 0,202,500.00 B BEAR STEARNS & CO INC, NY 0.00 LONG TERM OPER-PIMCO 1,000,060.00 US TREASURY INFLATION INDEX 12-Jan-2000 -992,980.00 91.28275W8 4.250%001115/2010 DD 01/15/ l 8-Jan-2000 992,980.00 B MORGAN 1 P SECS -FIXED INCO 0.00 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE.: 11 PORTFOLIO DETAIL OCSGOOOJOOOO Ol-JAN-2000 -31-.TAN-2000 OCSD-CONSOUDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 1,000,060.00 US TREASURY INFLATfON INDEX 12-Jan-2000 -350.30 9l28275W8 4.250%001/15/20 10 DD 01/15/ 18-Jan-2000 0.00 18 0.00 LONG TERM OPER-PlMCO l,000,060.00 US TREASURY rNFLATION INDEX 12-Jan-2000 -993,330.30 9128275W8 4.250%001/15/2010 DD 01115/ 18-Jan-2000 0.00 PC MORGAN JP SECS· FIXED INCO 18-Jan-2000 0.00 LIQUID OPER-PlMCO 500,000.00 BURLINGTON RES INC NT 13-Jan-2000 -505,900.00 122014AB9 9.625% 06/15/2000 DD 06/28/9 19-Jan-2000 505,900.00 B GOLDMAN SACHS & CO, NY 0.00 LIQUID OPER-PIMCO 500,000.00 BURLINGTON RES INC NT t3-Jan-2000 -4,545.14 122014AB9 9.625% 06/15/2000 DD 06/28/9 19-Jan-2000 0.00 IB 0.0-0 LIQUID OPER-PlMCO 500,000.00 BURLINGTON RES INC NT 13-Jan-2000 -5 10,445.14 122014AB9 9.625% 06/15/2000 DD 06/28/9 19-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 19-Jan-2000 0.00 LONG TERM OPER-PIMCO 9,600,000.00 US TREASURY BONDS lHan-2000 -13,314,21 1.20 912810DL9 12.500% 08/1S/20l4 DD 08/15/ 14-Jan-2000 13,3 14,21 1.20 B GREENWICH CAP MKTS INC, GREE 0.00 LONG TERM OPER-PIMCO 9,600,000.00 U S TREASURY BONDS 13-Jan·2000 -495,652.17 912810DL9 12.500% 08/15/2014 DD 08/15/ 14-Jan-2000 0.00 IB 0.00 07-Feb-2000 I 5:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 18 PORTFOLIO DETAIL OCSGOOO 10000 01-JAN-2000-31-JAN-2000 OCSD-CONSOLJD1ITED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 9,600,000.00 US TREASURY BONDS 13-Jan-2000 -13,809,863.3 7 9128IODL9 12.500% 08/15/2014 DD 08/ 15/ 14-Jan-2000 0.00 FC GREENWICH CAP MI<TS INC, GREE I 4-Jan-2000 0.00 LONG TERM OPER-PIMCO 3,200,000.00 US TREASURYNOTES 19-Jan-2000 -3,039,500.00 9128275N8 06.000% 08/15/2009 DD 08/15/ 20-Jan-2000 3,039,500.00 B GOLDMAN SACHS & CO, NY 0.00 LONG TERM OPER-PIMCO 3,200,000.00 U S TREASURY NOTES l 9-Jan-2000 -82,434.78 9l28275N8 06.000% 08/1512009 DD 08/15/ 20-Jan-2000 0.00 IB 0.00 LONG TERM OPER-PlMCO 3,200,000.00 U S TREASURY NOTES l 9-Jan-2000 -3,121,934.78 9128275N8 06.000% 08/15/2009 DD 08/15/ 20-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 20-Jan-2000 0.00 LONG TERM OPER-P£MCO 730,000.00 COMMJT TO PUR FNMA SF MTG 20-Jan-2000 -713,346.88 11F011628 VAR RT 02/25/2029 23-Feb-2000 713,346.88 B GOLDMAN SACHS & CO, NY 0.00 LONG TERM OPER·PIMCO 900,000.00 US TREASURY NOTES 21-Jan-2000 ·894,234.37 9128272El 06.125% 12/31/2001DD12/31/ 24-Jan-2000 894,234.37 B HSBC SECS INC, NEW YORK 0.00 LONG TERM OPER-PJMCO 900,000.00 US TREASURY NOTES 21-Jan-2000 -3,634.62 9l28272El 06.125% 12/3t/2001DD12/31/ 24-Jan-2000 0.00 lB 0.00 ---• '"'"'nn J-t.f>f·?~ Executive Workbench 8 ORANGE COUNTY SANITATION DISTRICT PAGE.: 19 PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 900,000.00 US TREASURY NOTES 21-Jan-2000 -897,868.99 9l28272El 06.125% 12/31/2001 DD 12/31/ 24-Jan-2000 0.00 FC HSBC SECS INC, NEW YORK 24-Jan-2000 0.00 LONG TERM OPER-PIMCO 1, 700,000.00 MORGAN STANLEY MTN #TR 0031 1 21-Jan-2000 -1,699,517.20 61745ENY3 FLTG RT 01/28/2002 DD 01/27/ 27-Jan-2000 1,699,517.20 B MORGAN STANLEY & CO INC, NY 0.00 LONG TERM OPER-PIMCO 1,700,000.00 MORGAN STANLEY MTN #TR 0031 1 21-Jan-2000 -1,699,517.20 61745ENY3 FLTG RT 01/28/2002 DD 01/27/ 27-Jan-2000 0.00 FC MORGAN STANLEY & CO INC, NY 27-Jan-2000 0.00 LONG TERM OPER-PIMCO 900,000.00 FEDERAL HOME LN BK CONS BDS 21-Jan-2000 -899,550.00 3133MAQJI 6.750% 02/01/2002 DD 02101/0 Ot-Feb-2000 899,550.00 B WARBURG DILLON READ LLC, NEW 0.00 LONG TERM OPER-PIMCO 2,800,000.00 US TREASURY NOTES 27-Jan-2000 -2,429,218. 75 9128274Vl 04.750% 11/15/2008 DD 11/15/ "28-Jan-2000 2,429,218. 75 B MERRlLLLYNCHPIERCEFENNER 0.00 LONG TERM OPER-PIMCO 2,800,000.00 U S TREASURY NOTES 27-Jan-2000 -27,038.46 9128274Vl 04.750% 11/15/2008 DD 11/15/ 28-Jan-2000 0.00 1B 0.00 LONG TERM OPER-PIMCO 2,800,000.00 US TREASURY NOTES 27-Jan-2000 -2,456,257.2 I 9l28274Vl 04.750% 11/15/2008 DD ll/15/ 28-Jan-2000 0.00 FC MERRILL LYNCH PIERCE FENNER 28-Jan-2000 0.00 PAY UPS 07-Feb-2000 15:01:26 Executive Workbench OCSGOOO I 0000 OCSD-CONSOLlDATED SHARES/PAR SECURITY ID TRANSCODE FIXED INCOME SECURITIES 3,500.00 9128272M3 PU 3,500.00 9128272M3 FC 2,450.00 9128273A8 PU 2,450.00 9128273A8 FC 12.00 3133TCE95 PU 12.00 3133TCE95 FC 11,873.57 3l33Tl7A4 PU 07-Feb-2000 15:01:26 II ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL Ol-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER·PTMCO US TREASURY fNFLATION INDEX 3.375% 01/1512007 DD 01/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01 /15/2007 DD 01/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625% 07/15/2002 DD 07/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625% 07/15/2002 DD 07/151 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A 6.324% 08/15/2032 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A 6.324% 08/15/2032 LONG TERM OPER-PIMCO PHLMC MULTlCLASS CTF SER 162 6.000% 11/1512023 DD 11/01/9 TRADE DATE/ SETTLDATE/ COMPLDATE l 5-Jul-1999 l 5-Jul-1999 15-Jul-1999 15-Jul-1999 14-Jan-2000 15-Jul-1999 15-Jul-1999 15-Jul-1999 15-Jul-1999 14-Jan-2000 0 l-Jan-2000 01-Jan-2000 Ol-Jan-2000 Ol -Jan-2000 10-Jan-2000 Ol-Jan-2000 OI-Jan-2000 PAGE: 20 AMOUNT/ COST/ GAIN/LOSS -3,500.00 3,500.00 0.00 -3,500.00 o.oo 0.00 -2,450.00 2,450.00 0.00 •2,450.00 0.00 0.00 -12.00 12.00 0.00 -12.00 0.00 0.00 -11,873.57 l 1,873.57 0.00 Executive Workbench OCSGOOO 10000 OCSD-CONSOLIDATED SALES SUARES/PAR SECURITY ID TRANSCODE J 1,873.57 3133Tl7A4 PC 250.00 9128275W8 PU 250.00 9128275W8 FC 2,240.00 9128273A8 PU 2,240.00 9128273A8 FC 3,200.00 9128272M3 PU 3,200.00 9128272M3 FC 07-Fa.b-2000 J 5:01 :16 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER·PIMCO FHLMC MULTICLASS CTF SER 162 6.000% 11/15/2023 DD 11/0119 LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 4.250%001/15/2010 DD 01/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 4.250%001/15/2010 DD 01/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625% 07/15/2002 DD 07/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625% 07/15/2002 DD 07/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01/15/2007 DD 01/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01/15/2007 DD 01115/ TRADE DATE/ SETTLDATE/ COMPLDATE Ol-Jan-2000 OJ-Jan-2000 19-Jan-2000 0 l-Jan-2000 01-Jan-2000 01-Jan-2000 0 I -Jan-2000 3 l-Jan-2000 15-Jan-2000 15-Jan-2000 15-Jan-2000 15-Jan-2000 31-Jan-2000 l 5-Jan-2000 l 5-Jan-2000 15-Jan-2000 l 5-Jan-2000 3 l-Jan-2000 PAGE.· 21 AMOUNT/ COST/ GAIN/LOSS -1 1,873,57 0.00 0.00 -250.00 250.00 0.00 -250.00 0.00 0.00 -2,240.00 2,240.00 0.00 -2,240.00 0.00 0.00 -3,200.00 3,200.00 0.00 -3,200.00 0.00 0.00 Executive Workbench OCSGOOOlOOOO OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE CASH & CASH EQUIVALENTS -12,300,000.00 996085247 s -12,300,000.00 996085247 FC -3,983,009.72 996085247 s -3,983,009. 72 996085247 FC -12,300,000.00 9936'5E894 s -500,000.00 99365E894 s -500,000.00 99365E894 IS 07-Feb-2000 15:01.26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL Ol-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONGTERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PlMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 05.550% 01/04/2000 DD 01/03/ LEHMAN BROS INC, NJ LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.550% 01/04/2000 DD 01/03/ LEHMAN GOVT SECS INC, NY LIQUJD OPER·PIMCO LEHMAN BROTHERS REPO 05.550% 01104/2000 DD 01/03/ TRADE DATE/ SETTLDATE/ COMPLDATE 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-Jan-2000 03-fan-2000 04-Jan-2000 04-Jan-2000 04-Jan.-2000 04-Jan-2000 04-Jnn-2000 04-Jan-2000 PA.GE: 22 AMOUNT/ COST/ GAIN/LOSS 12,300,000.00 -12,300,000.00 0.00 12,300,000.00 0.00 0.00 3,983,009.72 -3,983,009.72 0.00 3,983,009.72 0.00 0.00 12,300,000.00 -12,300,000.00 0.00 500,000.00 -500,000.00 0.00 77.08 0.00 0.00 Executive Workbench OCSGOOOI 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -12,300,000.00 99365E894 lS -500,000.00 99365E894 FC -12,300,000.00 993658894 FC -12,300,000,.00 99365F685 s -12,300,000.00 99365F685 IS -12,300,000.00 99365F685 FC ·55,810.87 996085247 s 07-Feb-2000 15:01: 26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000-31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO LEHMANBROTHERSREPO 05.550% Ol/04/2000 DD 01/03/ LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.550% 01/04/2000 DD 011031 LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 05.550% Ol/04/2000 DD 01/03/ LEHMAN BROS INC, NJ LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 05.400% 01/05/2000 DD 01/04/ LEHMAN BROS INC, NJ LONG TERM OPER-PIMCO LEHMANBROTHERSREPO 05.400% 01/05/2000 DD 01/04/ LONG TERM OPER-PIMCO LEHMAN BROTI!ERS REPO 05.400% 01105/2000 DD 01/04/ LEHMAN BROS INC, NJ LIQUID OPER-PJMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 04-Jan-2000 04-Jan-2000 04-Jan-2000 04-Jan-2000 04-Jan-2000 04-Jan-2000 04-Jan-2000 04-Jan-2000 05-Jan-2000 05-Jan-2000 05-Jan-2000 05-Jan-2000 05-Jan-2000 05-Jan-2000 05-Jan-2000 06·Jon·2000 06-Jan-2000 PAGE: AMOUNT/ COST/ GAIN/LOSS 1,896.25 0.00 0.00 500,077.08 0.00 0.00 12,30 l,896.25 0.00 0.00 12,300,000.00 -12,300,000.00 0.00 1,845.00 0.00 0.00 12,301,845.00 0.00 0.00 55,810.87 -55,810.87 0.00 Executive Workbench OCSGOOO l 0000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE -55,8l0.87 996085247 FC -16,860.00 996085247 s -16,860.00 996085247 FC -42,753.02 996085247 s -42,753.02 996085247 FC -500,000.00 99365N951 s -500,000.00 99365N951 JS 07-Feb-2000 l 5:01 :26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPE~PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPBR-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.450% 01/1 4/2000 DD 01/13/ LEHMAN BROS INC, NJ LIQUID OPER-PIMCO LEHMAN BROTifERS REPO 05.450% 01114/2000 DD 01/13/ TRADE DATE/ SETTLDATE/ COMPLDATE 06-Jan-2000 06-Jan-2000 06-Jan-2000 11-Jan-2000 11-Jan-2000 l l-Jan-2000 l 1-Jan-2000 1 l-Jan-2000 12-Jan-2000 12-Jan-2000 12-Jan-2000 12-Jan-2000 12-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 14-Jan-2000 PAGE: 24 AMOUNT/ COST/ GAIN/LOSS 55,810.87 0.00 0.00 16,860.00 -16,860.00 0.00 16,860.00 0.00 0.00 42,753.02 -42,753.02 0.00 42,753.02 0.00 0.00 500,000.00 -500,000.00 0.00 75.69 0.00 0.00 &ecutive Workbench @ ORANGE COUNTY SANITATION DISTRICT II PAGE 25 PORTFOLIO DETAIL OCSGOOOJOOOO 01-JAN-2000 -31-JAN-2000 OCSIJ-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAINfLOSS LIQUID OPER-PIMCO -500,000.00 LEHMAN BROTHERS REPO l 4-Jan-2000 500,075.69 99365N951 05.450% 01/1412000 DD 01/13/ 14-Jan-2000 0.00 FC LEHMAN BROS INC, NJ 14-Jan-2000 0.00 LONG TERM OPER-PIMCO -1,800,000.00 FEDERAL HOME LN MTG CORP DIS 14-Jan-2000 1,792,258.00 3l3396SP9 MAT 02/02/2000 14-Jan-2000 -1,792,258.00 s GOLDMAN SACHS & CO, NY 0.00 LONG TBRM OPER-PIMCO -1,80MOO.OO FEDERAL HOME LN MTG CORP DIS 14-Jan-2000 2,536.00 313396SP9 MAT 02/0212000 14-Jan-2000 0.00 IS 0.00 LONG TERM OPER-PIMCO • l,800,000.00 FEDERAL HOME LN MTG CORP DIS 14-Jan-2000 1,794,794.00 313396SP9 MAT 02/02/2000 14-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 14-Jan-2000 0.00 LONG TERM orER·rIMCO • 783, 784.91 DREYFUS TREASURY CASH MGMT t 8-Jan-2000 783,784.91 996085247 18-Jan-2000 -783,784.91 s 0.00 LONG TERM OPER-PIMCO -783, 784.91 DREYFUS TREASURY CASH MGMT 18-Jan-2000 783,784.91 996085247 18-Jan-2000 0.00 FC 18-Jan-2000 0.00 LIQUID OPER-PIMCO -500,000.00 GOLDMANSACHSLPREPO 18-Jan-2000 500,000.00 99365P758 05.300% 01/1 8/2000 DD 01/14/ 18-Jan-2000 -500,000.00 s GOLDMAN SACHS & CO, NY 0.00 07-Feb-2000 15:01: 26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 26 PORTFOLIO DETAIL OCSGOOO 10000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLTDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-PIMCO -500,000.00 GOLDMAN SACHS LP REPO 18-Jan-2000 294.44 99365P758 05.300% 01/18/2000 DD 01/14/ l 8-Jan-2000 0.00 IS 0.00 LIQUID OPER-PIMCO -500,000.00 GOLDMAN SACHS LP REPO 18-Jan-2000 500,294.44 99365P758 05.3000/o 01/18/2000 DD 01/14/ 18-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 18-Jan-2000 0.00 LONG TERM OPER-PIMCO -1,000,000.00 FEDERAL HOME LN MTG CORP DIS 18-Jan-2000 995,699.00 313396SP9 MAT 02/02/2000 18-Jan-2000 -995,698.89 s GOLDMAN SACHS & CO, NY 0.11 LONG TERM OPER-PIMCO -1 ,000,000.00 FEDERAL HOME LN MI'G CORP DIS 18-Jan-2000 2,017.67 313396SP9 MAT 02/02/2000 18-Jan-2000 0.00 IS 0.00 LONG TERM OPER-PIMCO -1,000,000.00 FEDERAL HOME LN MTG CORP DIS 18-Jan-2000 997,716.67 313396SP9 MAT 02/02/2000 18-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 18-Jan-2000 0.00 LIQUID OPER-PJMCO -7,381.28 DREYFUS TREASURY CASH MGMT 19-Jan-2000 7,381.28 996085247 I 9-Jan-2000 -7,381.28 s 0.00 LIQUID OPER-PIMCO -7,381.28 DREYFUS TREASURY CASH MGMT I 9-Jan-2000 7,381.28 996085247 I 9-Jan-2000 0.00 FC 19-Jan-2000 0.00 07-Feb-2000 15:01 :26 Executive Workbench OCSGOOOI 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,500,000.00 99365Q996 s -1,500,000.00 99365Q996 IS -1,500,000.00 9936SQ996 FC -9,059.65 996087094 s -214,565.02 996085247 s -214,565.02 996085247 FC -499,788.34 996085247 s 07-Feb-2000 15:01:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000-31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.6~0%01/19/2000 DD 01/18/ LEHMAN BROS INC, NJ LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 05.680% 01/19/2000 DD Ol/18/ LIQUID OPER-PJMCO LEHMANBROTHERSREPO 05.680% 01/19/2000 DD 01/18/ LEHMAN BROS INC, NJ LONG TERM OPER-PJMCO BSDT-LATEMONEY DEPOSIT ACCT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 19-Jan-2000 19-Jan-2000 19-Jan-2000 19-Jan-2000 l 9-Jan-2000 19-Jan-2000 19-Jan-2000 20-Jan-2000 20-Jan-2000 20-Jan-2000 20-Jan-2000 20-Jan-2000 20-Jan-2000 20-Jan-2000 21-Jan-2000 21-Jan-2000 PAGE'! 27 AMOUNT/ COST/ GAIN/LOSS 1,500,000.00 -1,500,000.00 0.00 236.67 0.00 0.00 1,500,236.67 0.00 0.00 9,059.65 -9,059.65 0.00 214,565.02 -214,565.02 0.00 214,565.02 0.00 0.00 499,788.34 -499,788.34 0.00 Executive Workbench OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -499,788.34 996085247 FC -1,516,041.75 996085247 s -1,516,041. 75 996085247 FC -1,699,517.20 996085247 s -1,699,517 .20 996085247 FC -6,663.88 996087094 s -3,480,370.31 996085247 s 07-Feb-2000 15:01:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPBR-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OP ER-PIM CO BSDT-LATE MONEY DEPOSIT ACCT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 21-Jan-2000 21-Jan-2000 21-Jan-2000 25-Jan-2000 25~Jan-2000 25-Jan-2000 25-Jan-2000 25-Jan-2000 27-Jan-2000 27-Jan-2000 27-Jan-2000 27-Jan-2000 27-Jan-2000 3 l-Jan-2000 3 l-Jan-2000 31-Jan-2000 31-Jan-2000 PAGE: 28 AMOUNT/ COST/ GAIN/LOSS 499,788.34 0.00 0.00 1,516,041.75 -1,516,041.75 0.00 1,516,041.75 0.00 0.00 1,699,517.20 -l,699,517.20 0.00 1,699,517.20 0.00 0.00 6,663.88 -6,663.88 0.00 3,480,370.31 -3,480,370.31 0.00 Excc1'1ive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE! 29 PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000-31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO -3,480,370.31 DREYFUS TREASURY CASH MGMT 31-Jan-2000 3,480,370.3 l 996085247 31-Jan-2000 0.00 FC 31-Jan-2000 0.00 FIXED INCOME SECURITIES LONG TERM OPER-PIMCO -1 4,750,000.00 FEDERAL NATL MTG ASSN MTN 1 O-Jan-2000 13,099,475.00 .H364GLD9 5.710% 12/15/2008 DD 12/lS/9 12-Jan-2000 -14,560,462.50 s LEHMAN GOVT SECS INC, NY -1,460,987.50 LONG TERM OPER-PIMCO -14,750,000.00 FEDERAL NATL MTG ASSN MTN 1 O-Jan-2000 63, 166.88 31364GLD9 5.710% 12/15/2008 DD 12/15/9 12-Jan-2000 0.00 IS 0.00 LONG TERM OPER-PIMCO -14, 750,000.00 FEDERAL NATL MTG ASSN MJN 1 O-Jan-2000 13,162,641.88 31364GLD9 5.710% 12/15/2008 DD 12/15/9 I 2-Jan-2000 0.00 FC LEHMAN GOVT SECS INC, NY 12-Jan-2000 0.00 LONG TERM OPER-PIMCO -I 0,500,000.00 COMMITTOPURGNMASFMTG 11-Jan-2000 9,741,210.94 01N062615 6.500% 01115/2029 25-Jan-2000 -9,892,892.44 s MERRILL LYNCH PIERCE FENNER -151,68\.50 LONG TERM OPER-PIMCO -10,500,000.00 COlviMIT TO PUR GNMA SF MTG 1 l-Jan-2000 9,741,210.94 OIN062615 6.500% 01115/2029 25-Jan-2000 0.00 PC MERRILL LYNCH PIERCE FENNER 25-Jan-2000 0.00 LONG TERM OPER-PIMCO -6,250,000.00 COMMIT TO PUR GNMA SF MTG l 1-Jan-2000 5,614,013.67 OIN060619 6.000% 0111512029 25-Jan-2000 -5, 750,000.00 s GOLDMAN SACHS & CO, NY -135,986.33 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT II PAGE: 30 PORTFOLIO DETAIL OCSGOOO I 0000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BRO.KER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO -6,250,000.00 COMMIT TO PUR GNMA SF MTG l 1-Jan-2000 5,614,013.67 OIN060619 6.000% 01115/2029 25-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 25-Jan-2000 0.00 LONG TERM OPER-PIMCO -11,000,000.00 COMMIT TO PUR GNMA SF MTG 11-Jan-2000 10,211,953.13 OIN062615 6.500% 01 /15/2030 25-Jan-2000 -J0,363,982.56 s BEAR STEARNS & CO INC, NY -152,029.43 LONG TERM OPER-PlMCO -l l,000,000.00 COMMIT TO PUR GNMA SF MTG J t-Jan-2000 10,211,953.13 01N062615 6.500% 01/15/2030 25-Jan-2000 0.00 FC BEAR STEARNS & CO INC, NY 25-Jan-2000 0.00 LONG TERM OPER-PIMCO -12,200,000.00 US TREASURY NOTES l 3-Jan-2000 11,628,125.00 9128275N8 06.000% 08/15/2009 DD 08/15/ l 4-Jan-2000 -11,712,000.00 s GREENWICH CAP MKTS INC, OREB -83,875.00 LONG TERM OPER-PIMCO -12,200,000.00 U S TREASURY NOTES 13-Jan-2000 302,347.83 9128275N8 06.000% 08/15/2009 DD 08/15/ 14-Jan-2000 0.00 IS 0.00 LONG TERM OPER-PIMCO -12,200,000.00 U S TREASURY NOTES 13-Jan-2000 11,930,472.83 9128275N8 06.000% 08115/2009 DD 08/15/ 14-Jan-2000 0.00 FC GREENWICH CAP MKTS INC, GREE l 4-Jan-2000 0.00 LONG TERM OPER-PIMCO -2,500,000.00 U S TREASURY BONDS 19-Jan-2000 3,567,871.09 912810014 13.250% 05/15/2014 DD 051151 20-Jan-2000 -4,0;29,030.3 l s GOLDMAN SACHS & CO, NY -461,159.22 07-Feb-2000 15:01:26 Executive Workbench 8 ORANGE COUNTY SANITATION DISTRICT PAGE: 31 PORTFOLIO DETAIL OCSGOOO 10000 01-JAN-2000-31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADEDATEI AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO -2,500,000.00 US TREASURY BONDS 19-Jan-2000 60,061.81 9128!0DJ4 13.250% 05/15/2014 DD 05/15/ 20-Jan-2000 0.00 IS 0.00 LONG TERM OPER-PIMCO -2,500,000.00 US TREASURY BONDS l 9-Jan-2000 3,627,932.90 912810DJ4 13.250% 05/15/2014 DD 05/15/ 20-Jan-2000 0.00 FC GOLDMAN SACHS & CO, NY 20-Jan-2000 o,oo LONG TERM OPER-PIMCO ·730,000.00 COMMIT TO PUR FNMA I ITH DIST 20-Jan-2000 713,632.03 11F011610 VAR RT 01/2512029 26-Jan-2000 -716,3 12.50 s GOLDMAN SACHS & CO, NY -2,680.47 LONG TERM OPER-PIMCO -730,000.00 COMMIT TO PUR FNMA 11 TH DIST 20-Jan-2000 713,632.03 l lFOl 1610 VAR RT 01125/2029 26-Joo-2000 0.00 FC GOLDMAN SACHS & CO, NY 26-Jan-2000 0.00 LONG TERM OPER-PIMCO -1 ,200,000.00 U S TREASURY NOTES 21-Jan-2000 1,20 l,640.63 912827Y22 06.500% 05/31/200 I DD 05/31/ 24-Jan-2000 -1 ,213,40625 s HSBC SECS INC, NEW YORK -11,765.62 LONG TERM OPER-PTMCO -1,200,000.00 US TREASURY NOTES 21-Jan-2000 11,721.31 912827¥22 06.500% 05131/200 I DD 0513 I/ 24-Jan-2000 0.00 IS 0.00 LONG TERM Ol'ER-PIMCO -1,200,000.00 US TREASURY NOTES 21-Jan-2000 1,213,361.94 912827Y22 06,500% 05/31/2001 DD 051311 24-Jan-2000 0.00 PC HSBC SECS INC, NEW YORK 24-Jan-2000 0.00 Oi-Feb-2000 15:01:26 Executive Workbench OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY JD TRANSCODE -900,000.00 9128272Et s -900,000.00 9128272El IS -900,000.00 9128272EI FC -5,000,000.00 912810DE5 s -5,000,000.00 912810DE5 l S -5,000,000.00 912810DE5 FC -730,000.00 I lF011628 s PRINCIPAL PAYMENTS 07-Feb-2000 I 5:01:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO U S TREASURY NOTES 06.125% 12131/2001DD12131/ WARBURG DILLON READ LLC, NEW LONG TERM OPER-PIMCO US TREASURY NOTES 06.125% 12/31/2001 DD 12/3 II LONG TERM OPER-PIMCO US TREASURY NOTES 06.125% 12/31/2001DD12/31/ WARBURG DILLON READ LLC, NEW LONG TERM OPER-PIMCO US TREASURY BONDS 11.125% 08/15/2003 DD 07/05/ MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO US TREASURY BONDS 11.125% 08/15/2003 DD 011051 LONG TERM OPER-PIMCO US TREASURY BONDS I 1.125% 08/15/2003 DD 071051 MERRlLLLYNCHPIBRCEFENNER LONG TERM OPER-PIMCO COMMITTOPURFNMASFMTG VAR RT 02/25/2029 GOLDMAN SACHS & CO, NY TRADE DATE/ SETTLDATE/ COMPLDATE 2 1-Jan-2000 24-Jan-2000 2 1-Jan-2000 24-Jan-2000 21-Jan-2000 24-Jan-2000 24-Jan-2000 27-Jan-2000 28-Jan-2000 27-Jan-2000 28-Jan-2000 27-Jan-2000 28-Jan-2000 28-Jan-2000 28-Jan-2000 23-Feb-2000 PAGE; 32 AMOUNT/ COST/ GAIN/LOSS 893,953.13 -894,234.37 -28L24 3,634.62 0.00 0.00 897,587.75 0.00 0.00 5,680,468.75 -6,233,593.75 -553,125.00 250,917.12 0.00 0.00 5,931,385.87 0.00 0.00 708,100.00 -713,346.88 -5,246.88 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE.~ 31 PORTFOLIO DETAIL OCSGOOOJOOOO 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION{ SETTLDATEf COSTf TRANSCODE BROKER COMPLDATE GAINfLOSS FIXED INCOME SECURITIES LONG TERM OP ER-PIM CO 57,800.50 FHLMC MUL Tl CLASS CTF E3 A 0 l-Dec-1999 -57,800.50 3133TCE95 6.324% 08/15/2032 Ol-Dec-1999 57,863.72 PDC 63.22 LONG TERM OPER-PIMCO -57,812.50 FHLMC MULTICLASS CTF E3 A 0 l ·Dec-1999 57,812.50 3133TCE95 6.324% 08/15/2032 -01-Dec-1999 -57,875.73 PD -63.23 LONG TERM OPER-PIMCO -57,812.50 FHLMC MULTICLASS CTF E3 A Ol-Dec-1999 57,812.50 3133TCE95 6.324% 08/15/2032 01-Dec-1999 0.00 FC 18-Jan-2000 0.00 LONG TERM OPER-PIMCO -65,493.73 FHLMC GROUP #GS-0476 Ol-Jan-2000 65,493.73 3128DDQ55 7.000% 02/01/2003 DD 02/01 / Ol-Jan-2000 -66,517.07 PD -1,023.34 LONG TERM OPER-PIMCO -65,493.73 FHLMC GROUP #05-0476 Ol-Jan-2000 65,493.73 3128DDQ55 7.000% 02/01/2003 DD 02/0l/ 0 l-Jan-2000 0.00 FC l 8-Jan-2000 0.00 LONG TERM OPER-PIMCO -44,000.25 FHLMC MULTTCL MTG P/C 1574 E Ol-Jan-2000 44,000.25 3133T02D5 5.900% 06/15/2017 Ol-Jan-2000 -43,938.37 PD 61.88 LONG TERM OPER-PIMCO -44,000.25 Fffi.MC MULTICL MTG P/C 1574 E Ol-Jan-2000 44,000.25 3133T02D5 5.900% 06/15/2017 Ol-Jan-2000 0.00 FC 18-Jan-2000 0.00 07~Feb-2000 I 5:01 :26 Executive Workbench OCSGOOO I 0000 OCSD-CONSOUDATED SHARES/PAR SECURITY ID TRANSCODE -4,955.93 31371HU48 PD -4,955.93 31371HU48 FC -49,360.07 36225CC20 PD -49,360.07 36225CC20 FC -23,405.05 36225CAZ9 PD -23,405.05 36225CAZ9 PC -52,499.50 3133TCE95 PD 07-Feb-2000 15:01 :26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FNMA POOL #025270l 6.500% 09/0112006 DD 08/01/ LONG TERM OPER-PIMCO FNMA POOL #0252703 6.500% 09101/2006 DD 08/01/ LONG TERM OPER-PIMCO GNMA ll POOL #080088M VAR RT 06/20/2027 DD 06/01 /9 LONG TERM OPER-PIMCO GNMA II POOL #080088M VAR RT 06/20/2027 DD 0610119 LONG TERM OPER-PlMCO GNMA II POOL #0080023 6.125% 12/2012026 DD 12/0 l/ LONG TERM OPER-PIMCO GNMA II POOL #0080023 6.125% J 2/2012026 DD 1210 II LONG TERM OPER-PlMCO FHLMC MULTICLASS CTFE3 A 6.324% 08115/2032 TRADE DATE/ SETTLDATE/ COMPLDATE 01-Jan-2000 01-Jan-2000 Ol-Jan-2000 Ol-Jan-2000 25-Jan-2000 Ol-Jan-2000 01-Jan-2000 Ol-Jan-2000 Ol-Jan-2000 20-Jan-2000 01-Jan-2000 Ol-Jan-2000 Ol-Jan-2000 01-Jan-2000 20-Jan-2000 Ol-Jan-2000 01-Jan-2000 II PAGE: 34 AMOUNT/ COST/ GAIN/LOSS 4,955.93 -4,852.94 102.99 4,955.93 0.00 0.00 49,36M7 -50,439.82 -1,079.75 49,360.07 0.00 0.00 23,405.05 -23,792.70 -387.65 23,405.05 0.00 0.00 52,499.50 -52,556.92 -57.42 &ecutive Workbench OCSGOOOJ 0000 OCSD-CONSOLJDATED SHARES/PAR SECURJTYID TRANSCODE MATURITIES -554.93 302998GE3 PD ·554.93 302998GE3 PC -24,992.38 3935052Y7 PD -24,992.38 3935052Y7 FC -8,702.37 31677EAA4 PD -8,702.37 31677EAA4 FC CASH & CASH EQUIVALENTS Oi-Feb-2000 15:0/:26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL Ol-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER·PIMCO WMP/HUNTOON PAIGE#OOO·l t 150 7.500% 12/01/2030 DD 10/2119 LONG TERM OPER-PIMCO WMP/HUNTOON PAIGE #000-1 1 ISO 7.500% 12/01/2030 DD 10/21/9 LONG TERM OPER-PIMCO GREEN TREE CORP 99-D CL A-I 6.290% 10/15/2013 DD 08/26/9 LONG TBRM OPER-PIMCO GREEN TREE CORP 99-D CL A-1 6.290% 10/15/2013 DD 08/26/9 LONG TERM OPER-PCMCO FTFTH TFlIRD BK AUTO TR 96A C 6.200% 09/01/2001DD03/15/9 LONG TERM OPER-PIMCO FIFTH THIRD BK AUTO TR 96A C 6.200% 09/01/2001 DD 03/15/9 TRADE DATE/ SETTLDATE/ COMPLDATE 01-Jan-2000 Ol-Jan-2000 01-Jan-2000 Ol-Jan-2000 28-Jan-2000 J 5-Jan-2000 I S-Jan-2000 l 5-Jan-2000 15-Jan-2000 18-Jan-2000 I 5-Jan-2000 l 5-Jan-2000 l 5-Jan-2000 15-Jan-2000 l 9-Jan-2000 . . PAGE: 35 AMOUNT/ COST/ GAIN/LOSS 554.93 -542.88 12.05 554.93 0.00 0.00 24,992.38 -24,992.38 0.00 24,992.38 0.00 0.00 8, 702.37 ·8,702.37 0.00 8,702.37 0.00 0.00 Execmfre Workbench OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -500,000.00 313396RK1 MT -500,000.00 313396RL9 MT -500,000.00 313396RT2 MT -l,000,000.00 313396RYI. MT -500,000.00 313396SE4 MT -6,300,000.00 02581RAS2 MT -9,500,000.00 27746AAS8 MT 07-Feb-2000 I 5:0 I: 26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000-31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PfMCO FEDERAL HOME LN MTG CORP DIS MAT 01/05/2000 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 0110612000 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DfS MAT 01/13/2000 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 01/1812000 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 01/24/2000 LONG TERM OPER-PIMCO AMERICAN EX CR CP DISC 01/26/2000 LONG TERM OPER-PIMCO EASTMAN KODAK CO DISC 01/26/2000 TRADE DATE/ SETTLDATE/ COMPLDATE 05-Jan-2000 05-Jan-2000 05-Jan-2000 06-Jan-2000 06-Jan-2000 06-Jan-2000 13-Jan-2000 13-Jan-2000 13-Jan-2000 l 8-Jan-2000 18-Jan-2000 l 8-Jan-2000 24-Jan-2000 24-Jan-2000 24-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 26-Jan-2000 PAGE.· 36 AMOUNT/ COST/ GAIN/LOSS 499,926.81 -499,926.81 0.00 499,927.50 -499,927.50 0.00 499,923.61 -499,923.61 0.00 997,708.33 -997, 708.33 0.00 499,788.34 -499,788.34 o.oo 6,247,587.50 -6,247,587.50 0.00 9,411 ,924.45 -9,411 ,924.45 0.00 E:cecutive Workbench OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -5,500,000.00 62008AAU3 MT -900,000.00 45230KAXO MT FIXED INCOME SECURITIES INTEREST -900,000.00 37042M7G2 MT -500,000.00 89350MEP1 MT -3, 700,000.00 3133M7EW2 MT 0.00 996085247 IT 07-Feb-2000 15:01: 26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO MOTOROLA INC DISC Ol/2812000 LIQUID OPER-PIMCO ILLINOIS TOOL WRK DISC 01/31/2000 LIQUID OPER-PIMCO GENERAL MTRS ACCEP CORP MTN 6.250% 01/11/2000DD0111119 LIQUID OPER-PIMCO TRANSAMERICA PIN MTN #SBOO 11 8.450% 01/12/2000 DD 01/12/9 LIQUID OPER-PIMCO FEDERAL HOME LN BK CONS BOS 4.835% 01/28/2000 DD 01/28/9 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 28-Jan-2000 28-Jan-2000 28-Jan-2000 3 l-Jan-2000 31 -Jan-2000 3 l-Jan-2000 ll-Jan-2000 l 1-Jan-2000 l 1-Jan-2000 12-Jan-2000 l 2-Jan-2000 12-Jan-2000 28-Jan-2000 28-Jan-2000 28-Jan-2000 05-Jan-2000 0 l-Jan-2000 05-Jan-2000 31 AMOUNT/ COST/ GAIN/LOSS 5,454,029. l 7 -5,454,029.17 0.00 891,586.00 -891 ,586.00 0.00 900,000.00 -909,657.00 -9,657.00 500,000.00 -515,125.00 -15,125.00 3, 700,000.00 -3,688,974.00 11,026.00 2,521.07 0.00 0.00 Executive Workbench OCSGOOOJ 0000 OCSD-CONSOLTDATED SHARES/PAR SECURITY ID TRANSCODE 0.00 996085247 IT 500,000.00 313396RK1 IT 500,000.00 313396RL9 IT 12.00 3l33TCE95 IT 900,000.00 37042M7G2 IT 500,000.00 89350MEPI IT 500,000.00 313396RT2 IT 07-Feb-2000 I 5:01 :26 II ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-.PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO FEDERAL ROME LN MTG CORP DJS MAT 0 l/05/2000 LIQUID OPER-PfMCO FEDERAL HOME LN MTG CORP DIS MAT 01/06/2000 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A 6.324% 08/15/2032 LIQUID OPER-PIMCO GENERAL MTRS ACCEP CORP MTN 6.250% 01/11/2000 DD 01/11/9 LIQUID OPER-PIMCO TRANSAMERICA FIN MTN #SBOOl I 8.450% 01/12/2000 DD 01/12/9 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 01/13/2000 TRADE DATE/ SETILDATE/ COMPLDATE 05-Jan-2000 01-Jan-2000 05-Jan-2000 05-Jan-2000 05-Jan~2000 05-Jan-2000 06-Jan-2000 06~Jan-2000 06-Jan-2000 I O-Jan-2000 01-Dec-1999 10-Jan-2000 l 1-Jan-2000 ll-Jan-2000 l 1-Jan-2000 12-Jan-2000 12-Jan-2000 12-Jan-2000 13-Jan-2000 13-Jan-2000 13-Jan-2000 PAGE: 38 AMOUNT/ COST/ GAIN/LOSS 7,010.79 0.00 0.00 73.19 0.00 0.00 72.50 0.00 0.00 12.00 0.00 0.00 15,625.00 0.00 0.00 15,374.31 0.00 0.00 76.39 0.00 0.00 Executive Workbench . OCSGOOOJ 0000 OCSD-CONSOUDATED SHARES/PAR SECURITY ID TRANSCODE 0.00 9128273A8 CD 0.00 9128272M3 CD 2,500,000.00 3133TKKU3 1T 1,500,000.00 046003HY8 IT 3,000,000.00 345397SJ3 IT 10,619,200.00 9128272M3 IT 7,353,640.00 9128273A8 IT 07-Ft!h-2.000 15:01 :26 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-JAN-2000 -31-.JAN-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625%07115/2002 DD 07/151 LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01/15/2007 DD 01/15/ LONG TERM OPER·PIMCO FHLMC MULTICLASS CTP 2146 QT 6.000% l l/15/2011 LONG TERM OPER-PIMCO ASSOCIATES CORP NASR NTS 6.500% 07/15/2002 DD 07/11/9 LONG TERM OPER-PIMCO FORD MTR CR CO GLOBAL LANDMA 6.700% 07/16/2004 DD 07/16/9 LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01115/2007 DD Ol/1 5/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625% 07/15/2002 DD 07/15/ TRADE DATE/ SETTLDATE/ COMPLDATE 14-Jan-2000 l 4-Jan-2000 14-Jan-2000 14-Jan-2000 17 -Jan-2000 Ol-Jan-2000 l 7-Jan-2000 l 8-Jan-2000 15-Jan-2000 18-Jan-2000 18-Jan-2000 16-Jan-2000 I 8-Jan-2000 l 8-Jan-2000 I 5-Jan-2000 18-Jan-2000 18-Jan-2000 I 5-Jan-2000 l 8-Jan-2000 • PAGE: 39 AMOUNT/ COST/ GAINILOSS 2,450.00 0.00 0.00 3,500.00 0.00 0.00 12,500.00 0.00 0.00 48,750.00 0.00 0.00 100,500.00 0.00 0.00 179,199.00 0.00 0.00 t33,284.73 0.00 0.00 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 40 PORTFOLIO DETAIL OCSGOOOJ 0000 Ol-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-PIMCO 1,000,000.00 FEDERAL l-IOME LN MTG CORP DEB 18-Jan-2000 5,395.94 3134A3RT5 FLTG RT 05/18/2000 DD 051181 18-Jan-2000 0.00 IT l 8-Jan-2000 0.00 LONG TERM OPER-PIMCO 4,000,000.00 MORGAN STANLEY M1N #TR 00299 18-Jan-2000 66,790.28 61745ENL I FLTG RT 04/15/2002 OD 04/15/ 15-Jan-2000 0.00 IT 18-Jan-2000 0.00 LIQUID OPER-PIMCO 1,000,000.00 FEDERAL HOME LN MTG CORP DIS 18-Jan-2000 2,291.67 313396RYI MAT 01/18/2000 l 8-Jan-2000 0.00 IT 18-Jan-2000 0.00 LONG TERM OPER-PIMCO 65,493.73 FHLMC GROUP #G5-0476 18-Jan-2000 52,522.76 3128DDQ55 7.000% 02/01/2003 DD 02/01/ Ol-Jan-2000 0.00 IT 18-Jan-2000 0.00 LONG TERM OPER-PIMCO 44,000.25 FHLMCMULTICLMTG P/C 1574£ 18-Jan-2000 2,835.83 3133T02D5 5.900% 06/15/2017 Ol-Jan-2000 0.00 fT 18-Jan-2000 0.00 LONG TERM OPER-PIMCO 57,812.50 FHLMC MULTICLASS CTF E3 A 18-Jan-2000 [6,179.80 3133TCE95 6.324% 08115/2032 Ol-Dec-1999 0.00 IT I 8-Jan-2000 0.00 LONG TERM OPER-PIMCO 24,992.38 GREEN TREE CORP 99-D CL A· I 18-Jan-2000 2,339.90 3935052¥7 6.290% 10/15/2013 DD 08/26/9 15-Jan-2000 0.00 IT 18-Jan-2000 0.00 07-Feb-2000 I 5:01:26 Exec11tive Workbench @ ORANGE COUNTY SANITATION DISTRICT .. PAGE: 41 PORTFOLIO DETAIL OCSGOOOJ 0000 Ol-JAN-2000 -31-JAN-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 15,000,000.00 FEDERAL NATL MTG ASSN MTN I 9-Jan-2000 436,500.00 31364G2VO 5.820% 07/19/2001 DD07/19/9 19-Jan-2000 0.00 lT t 9-Jan-2000 0.00 LONG TERM OPER-PIMCO 3,500,000.00 CHRYSLER FINL LLC MTN #TR006 I 9-Jan-2000 22,466.85 17120QB80 FLTG RT 08/08/2002 DD 04/08/ 15-Jan-2000 0.00 IT 19-Jan-2000 0.00 LONG TERM OPER-PlMCO 11,873.57 PHLMC MULTICLASS CTF SER 162 19-Jan-2000 11,873.57 3133T17A4 6.000% 11/15/2023 DD 1110119 Ol-Jan-2000 0.00 IT 19-Jan-2000 0.00 LONG TERM OpER-PIMCO 8,702.37 FlFTH THIRD BK AUTO TR 96A C 19-Jan-2000 357.28 31677EAA4 6200% 09101/2001 DD 03115/9 15-Jan-2000 0.00 lT 19-Jan-2000 0.00 LONG TERM OPER-PIMCO 12,500,000.00 FEDERAL HOME LN MTG CORP DEB 20-Jan-2000 375,000.00 3134A3ZM1 6.000% 07/20/2001 DD 0112019 20-Jan-2000 0.00 IT 20-Jan-2000 0.00 LONG TERM OPER-PIMCO 23,405.05 GNMA II POOL #0080023 20-Jan-2000 8,028.78 36225CAZ9 6.125% 12120/2026 DD 12/01/ 01-Jan-2000 0.00 IT 20-Jan-2000 0.00 LONG TERM OPER-PIMCO 49,360.07 GNMA JI POOL #080088M 20-Jan-2000 l l,112.64 36225CC20 VAR RT 06/20/2027 DD 06/01/9 01-Jan-2000 0.00 IT 20-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench @ ORANGE COUNTY SANITATION DISTRICT PAGE: 42 PORTFOLIO DETAIL OCSGOOOl 0000 01-JAN-2000-31-JAN-2000 OCSD-CONSOL/DATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BRO.KER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 500,000.00 FEDERAL HOME LN MTG CORP DJS 24-Jan-2000 211.66 313396SE4 MAT 01/24/2000 24-Jan-2000 0.00 IT 24-Jan-2000 0.00 LONG TERM OPER-PIMCO 2,000,000.00 FHLMC MULTlCLASS CTF Tl I A6 25-Jan-2000 10,833.33 3133TDPV2 6.500% 09/25/2018 25-Dec-1999 0.00 IT 25-Jan-2000 0.00 LONG TERM OPER-PIMCO 4,955.93 FNMA POOL #0252703 25-Jan-2000 5,354.58 31371HU48 6.500% 09/01/2006 DD 08/01/ 0 J .J an-2000 0.00 IT 25-Jan-2000 0.00 LONG TERM OPER-PlMCO 6,300,000.00 AMERICAN EX CR CP DISC 26-Jan-2000 52,412.50 02581RAS2 01/26/2000 26-Jan-2000 0.00 IT 26-Jan-2000 0.00 LONG TERM OPER-PIMCO 9,500,000.00 EASTMAN KODAK CO DISC 26-Jan-2000 88,075.55 27746AAS8 01/26/2000 26-Jan-2000 0.00 lT 26-Jan-2000 0.00 LIQUID OPER-PLMCO 3,700,000.00 FEDERAL HOME LN BK CONS BDS 28-Jan-2000 89,447.50 3133M7EW2 4.835% 01/28/2000 DD 01/28/9 28-Jan-2000 0.00 IT 28-Jan-2000 0.00 LONG TERM OPER,-PIMCO 3,000,000.00 HELLER FINL MTN #TR 00246 28-Jan-2000 49,555.42 42333HLF7 FLTG RT 04128/2003 DD 04/27 I 28-Jan-2000 0.00 IT 28-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench 8 ORANGE COUNTY SANITATION DISTRICT PAGE/ 4f PORTFOLIO DETAIL OCSGOOOJ 0000 01-JAN-2000 -31-JAN-2000 OCSD-CONSOLJDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 5,500,000.00 MOTOROLA INC DISC 28-Jan-2000 45,970.83 62008AAU3 01/28/2000 '28-Jan-2000 0.00 IT 28-Jan-2000 0.00 LONG TERM OPER-PTMCO 554.93 WMP/HUNTOON P AlGE #000-11150 28-Jan-2000 6,108.95 302998GE3 7.500% 12/0l/2030DD 10/21/9 Ol-Jan-2000 0.00 IT 28-Jan-2000 0.00 LONG TERM OPER-PIMCO 0.00 SHORT TERM FDS JNT ADJ 31-Jan-2000 -985.58 990000PJ4 NET OF OVERNIGHT INTEREST 3 l-Jan-2000 0.00 cw 3 l-Jan-2000 0.00 LIQUID OPER-PIMCO 900,000.00 ILLINOIS TOOL WRK DISC 31-Jan-2000 8,414.00 45230KAXO 01131/2000 3 l-Jan-2000 0.00 IT 31-Jan-2000 0.00 LONG TERM OPER-PIMCO 2,240.00 US TREASURY INFLATION INDEX 3 l-Jan-2000 2,240.00 9128273A8 3.625% 07/15/2002 DD 07/15/ l 5-Jan-2000 0.00 IT 3 l-Jan-2000 0.00 LONG TERM OPER-PIMCO 3,200.00 US TREASURY INFLATfON INDEX 31-Jan-2000 3,200.00 9128272M3 3.375% 01115/2007 DD 01/15/ 15-Jan-2000 0.00 IT 3 l-Jan-2000 0.00 LONG TERM OPER-PIMCO 0.00 US TREASURY INFLATION INDEX 31-Jan-2000 250.00 912827SW8 4.250o/o001 /15/2010DD 01/15/ 0.00 CD 3 1-Jan-2000 0.00 07-Feb-2000 15:01:26 Executive Workbench