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Home My WebLink About2000-11-08DRAFT MINUTES OF FINANCE. ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING Orange County Sanitation District Wednesday, November 8, 2000, 5:00 p.m. A meeting of the Finance, Administration and Human Resources Committee of the Orange County Sanitation District was held on November 8, 2000 at 5:00 p.m., in the District's Administrative Office. (1) The roll was called and a quorum declared present, as follows: (2) FAHR COMMITTEE MEMBERS: Directors Present: Mark Leyes, Vice Chair Shawn Boyd Shirley McCracken Joy L. Neugebauer James W. Silva Peer Swan Norm Eckenrode, Board Chair Peter Green, Board Vice Chair Jan Debay, Past Board Chair OTHERS PRESENT: Tom Woodruff, General Counsel Don Hughes Tom Dawes Bob Geggie Ryal Wheeler Mike Moreland Greg Giles APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS There were no public comments. Directors Absent: Thomas R. Saltarelli, Chair John M. Gullixson STAFF PRESENT: Blake Anderson, General Manager Gary Streed, Director of Finance Lisa Lawson, Communications Manager David A Ludwin, Director of Engineering Lisa Tomko, Director of Human Resources Mike White, Controller Greg Mathews, Asst. to the General Manager Jan Collins, Human Resources Analyst Lisa Arosteguy, Senior Human Resources Analyst Nick Arhontes, Collection Facilities Maintenance Manager Jim Herberg, Engineering Supervisor Penny Kyle, Committee Secretary Minutes of the Finance, Administration and Human Resources Committee Meeting Page2 November 8, 2000 (4) RECEIVE, FILE AND APPROVE MINUTES OF PREVIOUS MEETING It was moved, seconded and duly carried to approve the minutes of the October 11, 2000 Finance, Administration and Human Resources Committee meetings. (5) REPORT OF THE COMMITTEE CHAIR The Committee Vice Chair had no report. (6) REPORT OF THE GENERAL MANAGER The General Manager had no report. (7) REPORT OF DIRECTOR OF FINANCE Director of Finance Gary Streed reported that one of the District's fire, flood and earthquake insurance carriers, Reliance Insurance Company, has been down-graded to Best rating "C". Reliance has 12 ~% of the coverage. To replace the coverage with a company rated "A" would cost an additional $166,000 in premium. Robert Driver, the District's broker, and staff recommend that the District not pay the additional premium as the District would have a priority claim on any bankruptcy proceedings if Reliance fails to pay any claims. Mr. Streed then reported on opportunities with long-term investment agreements on debt service reserve funds. It was recommended that staff prepare a written report for the next committee meeting outlining the advantages and disadvantages of the long-term agreements. (8) REPORT OF DIRECTOR OF HUMAN RESOURCES The Director of Human Resources referred the Directors to charts distributed to them that evening per Director Gullixson's request on the cost of salaries and benefits to all employees, as well as the impact of increased employee benefits/wages to the user fee rates. (9) REPORT OF GENERAL COUNSEL General Counsel Tom Woodruff reported on the legislative Bill, recently enacted, regarding increasing Directors' compensation for attendance at meetings or for each day's service for the District. This issue will be placed on the Steering Committee agenda for information as the first step towards adopting the necessary Ordinance as previously directed by the Board. (10) CONSENT CALENDAR ITEMS Director McCracken requested Item 10(e) be pulled for discussion. a. FAHR00-81: Receive and file Treasurer's Report for the month of September 2000. b. FAHR00-82: Receive and file Certificate of Participation (COP) Monthly Report. c. FAHR00-83: Receive and file Employment Status Report as of October 25, 2000. Minutes of the Finance, Administration and Human Resources Committee Meeting Page 3 November 8, 2000 d. FAHR00-84: Recommend to Board of Directors to receive and file the First Quarter Motion: Financial and Operational Report for the period ending September 30, 2000. It was moved, seconded and duly carried to approve the recommended actions for items specified as 10(a) through (d) under Consent Calendar. e. FAHR00-91: Recommend to the Board of Directors to receive and file the Quarterly Motion: Investment Management Program Report for the period July 1, 2000 through September 30, 2000. Director McCracken submitted written questions from the City of Anaheim Treasurer to Gary Streed, Director of Finance, with regard to the Quarterly Investment Management Program Report. It was requested the submitted questions and staffs response to the questions be included as an informational item in next month's committee package. It was moved, seconded and duly carried to recommend approval to the Board of Directors. (11) ACTION ITEMS a. FAHR00-85: Recommend to Board of Directors to adopt Resolution No. OCSD 00-_, Motion: Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual, providing for (1) Create Limited Term contract Engineer classification at pay range E13($67,122 -$94,929); (2) Create Engineering Contracts Administrator classification at pay range E7 ($50,068 -$70,847); and (3) Reinstate approved positions of Maintenance Worker, Mechanic, Senior Mechanic and Lead Mechanic from the FY99/00 budget at a proposed cost of $5,533. Inactivate the Collection Facilities Worker I and II classifications. It was moved, seconded and duly carried to recommend approval to the Board of Directors. b. FAHR00-86: Recommend to Board of Directors to receive, file and approve the Motion: District's Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2000, prepared by staff and audited by Moreland and Associates, Certified Public Accountants. It was moved, seconded and duly carried to recommend approval to the Board of Directors. (12) INFORMATIONAL PRESENTATIONS a. FAHR00-87: Leadership Training for Management Lisa Arosteguy, Senior Human Resources Analyst, gave a brief report on the leadership training program for management. Minutes of the Finance, Administration and Human Resources Committee Meeting Page4 November 8, 2000 b. FAHR00-88: Not used c. FAHR00-89 Groundwater Replenishment System Director Peer Swan gave a slide presentation and overview of the Groundwater Replenishment System project {GWRS). He also gave a brief presentation of suggested opportunities he is recommending to reduce project implementation risks and costs through a three-phase process. d. FAHR00-90 US EPA's proposed regulations on Capacity, Management, Operations and Maintenance {CMOM) of sanitary sewer systems Nick Arhontes spoke to the Directors regarding new EPA regulations that will be published for final public comment that have significant financial impacts on all public agencies that own sanitary sewer systems. (13) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. (14) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. (15) CONSIDERATION OF UPCOMING MEETINGS The next FAHR Committee meeting is scheduled for December 13, 2000 at 5 p.m. (16) CLOSED SESSION There was no closed session. (18) ADJOURNMENT The Chair declared the meeting adjourned at approximately 7:30 p.m. Submitted by: 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 ~~ , 2000, was duly posted for public inspection in the main lobby of the District's offices on ~~~J-0._ .:t.., 2000. IN WITNESS WHEREOF, I have hereunto set my hand this d.~ day of "-!~. 2000. Board of Directors Orange County Sanitation District \\RADON\DATA 1 \WP .OTA \ADMIN\BS\FORMS\AGENDA CERTIFICATION-FAHR COMMITTEE.DOC phone: (7141 962-2411 mailing address: P.O. Box 8127 Fountain Valley, CA 92728-8127 street address: 10844 Ellis Avenue Fountain Valley, CA 92708-7018 Member Agencies «II Cities Anaheim Brea Buena Park Cypress Fountain Valley Fullerton Garden Grove Huntington Beach Irvine La Habra La Palma Los Alamitos Newport Beach Orange Placentia Santa Ana Seal Beach Stanton Tustin Villa Park Yorba Linda County of Orange Sanitary Districts Costa Mesa Midway City Water Districts Irvine Ranch ORANGE COUNTY SANITATION DISTRICT November 1, 2000 NOTICE OF MEETING FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE ORANGE COUNTY SANITATION DISTRICT WEDNESDAY, NOVEMBER 8, 2000 -5:00 P .M. DISTRICT'S ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 WWW.OCSD.COM 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. "Maintaining World-Class Leadership in Wastewater and Water Resource Management" FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING DATES FAHR Committee Meeting Date December 13, 2000 DARK February 14, 2001 March 14, 2001 April 11, 2001 May 9, 2001 June 13, 2001 July 11, 2001 DARK September 12, 2001 October 10, 2001 November 14, 2001 Board Meeting Dates December 20, 2000 January 24, 2001 February 28, 2001 March 28, 2001 April 25, 2001 May 23, 2001 June 27, 2001 July 18, 2001 August 22, 2001 September 26, 2001 October 24, 2001 November 21, 2001 ROLL CALL FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE Meeting Date: November 8, 2000 Time: 5:00 p.m. Adjourn: __ _ COMMITTEE MEMBERS Thomas R. Saltarelli (Chair) Mark Leves (Vice Chair) Shawn Boyd John M. Gullixson Shirley McCracken Joy L. Neugebauer James W. Silva Peer Swan Norman Z. Eckenrode (Board Chair) Peter Green (Board Vice Chair) Jan Debay (Past Board Chair) OTHERS Tom Woodruff, General Counsel Tob Weissert, Carollo En ineers STAFF Blake Anderson, General Manaaer David Ludwin, Director of Enaineerina Bob Ooten, Director of 0 & M Lisa Tomko, Director of Human Resources Garv Streed, Director of Finance Patrick Miles, Director of Information Technoloav Robert Ghirelli, Director of Technical Services Lisa Lawson, Communications Manager Nick Arhontes, Collection Facilities Maintenance Manager Mike White, Controller Jan Collins, Sr Human Resources Analyst Lisa Arosteauv, Sr Human Resources Analvst Jim Herberg, Engineerina Supervisor Penny Kyle, Committee Secretarv c: Lenora Crane AGENDA REGULAR MEETING OF THE FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE ORANGE COUNTY SANITATION DISTRICT WEDNESDAY, NOVEMBER 8, 2000, AT 5:00 P.M. ADMINISTRATIVE OFFICE 10844 Ellis Avenue Fountain Valley, California 92708 www.ocsd.com 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 forth 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 specific 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 54954.2(b). November 8, 2000 (4) APPROVE MINUTES OF PREVIOUS MEETING Approve minutes of the October 11, 2000, Finance, Administration and Human Resources Committee meetings. (5) REPORT OF COMMITTEE CHAIR (6) REPORT OF GENERAL MANAGER (7) REPORT OF DIRECTOR OF FINANCE (8) REPORT OF DIRECTOR OF HUMAN RESOURCES (9) REPORT OF GENERAL COUNSEL (10) CONSENT CALENDAR ITEMS Consideration of motion to approve all agenda items appearing on the Consent Calendar not specifically removed from same, as follows: !Ail matters placed on the cons.ent calendar a're·cru;sr;rered 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 ! j 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 Cl unanimous ballot for resolutions j included on the consent calendar. All items removed from the consent calendar shall be considered in the regular l order of business. i Members of the public who wish to remove an item from the consent calendar shall, upon recognition by the chair, 1. 1 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. I L...... --·--· . . ---· . -·-· ··-------··-··_j a. FAHR00-81: b. FAHR00-82: c. FAHR00-83: d. FAHR00-84: Receive and file Treasurer's Report for the month of October 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. Receive and file Certificate of Participation (COP) Monthly Report. Receive and file Employment Status Report as of October 25, 2000. Recommend to the Board of Directors to receive and file the First Quarter Financial and Operational Report for the period ending September 30, 2000. 2 e. FAHR00-91: November 8, 2000 Recommend to the Board of Directors to receive and file the Quarterly Investment Management Program Report for the period July 1, 2000 through September 30, 2000. END OF CONSENT CALENDAR Consideration of items deleted from Consent Calendar, if any. (11) ACTION ITEMS a. FAHR00-85: b. FAHR00-86: Recommend to the Board of Directors to adopt Resolution No. OCSD 00-_, Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual, providing for (1) Create Limited Term contract Engineer classification at pay range E13 ($67,122 -$94,929); (2) Create Engineering Contracts Administrator classification at pay range E7 ($50,068 -$70,847); and (3) Reinstate approved positions of Maintenance Worker, Mechanic, Senior Mechanic and Lead Mechanic from the FY99/00 budget at a proposed cost of $5,533. Inactivate the Collection Facilities Worker I and II classifications. (Jan Collins -10 minutes) Recommend to the Board of Directors to receive, file and approve the District's Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2000, prepared by staff and audited by Moreland and Associates, Certified Public Accountants. (Mike White-10 minutes) (12) INFORMATIONAL PRESENJATIONS a. FAHR00-87: b. FAHR00-88: c. FAHR00-89: d. FAHR00-90: Leadership Training for Management (Lisa Arosteguy -5 minutes) Not used Groundwater Replenishment System (Blake Anderson/Jim Herberg -20 minutes) US EPA's proposed regulations on Capacity, Management, Operations and Maintenance (CMOM) of sanitary sewer systems (Nick Arhontes-15 minutes) 3 November 8, 2000 (13) OTHER BUSINESS. COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS. IF ANY (14) MATTERS WHICH A DIRECTOR MAY WISH TO PbACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT (15) FUTURE MEETING DATES The next Finance, Administration and Human Resources Committee Meeting is scheduled for December 13, 2000, at 5 p.m. (16) CLOSED SESSION !Duringthe -co-urse"""ot cci.nductingthe business set toriilon this agenda.as a regular meeting of the Committee, the 1Chair 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, j54957 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 jthe California Public Records Act, may be reviewed by the Committee during a permitted closed session and are l not available for public inspection. Af. such time as final actions are taken by the Committee on any of these lsubje".~!~.!.~!.nutes will ~enect all required ~is~losures of !nf~rmation. . ·-----·· A. Convene in closed session. B. Reconvene in regular session. C. Consideration of action, if any, on matters considered in closed session. (17) ADJOURNMENT rNotic~ To Co~mittee Me~bers:-·-------·· ·--·-·----· 1 1 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. j Committee Chair: Thomas Saltarelli i~!J.litt~e Secret~~-..,..-·_ .. _ __f.enny KY.le . ,_ .. (949.) 833-9200 ,(714) 5_93-7130 4 1 __ j November 1, 2000 December Consider Annexation Fee Policy Action December Review General Manager approved purchases Action exceeding $50,000 December Consideration of 2001-02 Budget Assumptions Action December Compensation & Classification Study Information February 2000-01 Mid-Year Financial and Operational Report Action February Quarterly Investment Program Report Action February Update Human Resources Policies Action February Compensation and Classification Study Report Action March Preliminary 2001-02 User Fee Report Information March 2001-02 Budget Status Report Information March Review General Manager approved purchases Action exceeding $50,000 MINUTES OF FINANCE.ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING Orange County Sanitation District Wednesday, October 11, 2000, 5:00 p.m. A meeting of the Finance, Administration and Human Resources Committee of the Orange County Sanitation District was held on October 11, 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 John M. Gullixson Shirley McCracken Joy L. Neugebauer Peer Swan Norm Eckenrode, Board Chair Peter Green, Board Vice Chair Jan Debay, Past Board Chair OTHERS PRESENT: Tom Nixon, General Counsel Dan Cassidy Barbara Nye Jon Thomsic Jim Colston Bill Lloyd Bob Geggie Ryal Wheeler (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS Directors Absent: Shawn Boyd James W. Silva STAFF PRESENT: Blake Anderson, General Manager Gary Streed, Director of Finance Lisa Tomko, Director of Human Resources Patrick Miles, Director of Information Technology Lisa Lawson, Communications Manager Mike White, Controller Greg Mathews, Asst. to the General Manager Jeff Reed, Human Resources Supervisor Jan Collins, Human Resources Analyst Marc Dubois, Purchasing/Contracts Manager Penny Kyle, Committee Secretary Jon Thomsic and Jim Colston, members of the SPMT negotiating team, spoke to the Directors regarding negotiations with the District for the SPMT bargaining unit. They encouraged the Directors to approve the agreement the SPMT unit approved unanimously in July. Minutes of the Finance, Administration and Human Resources Committee Meeting Page2 October 11, 2000 (4) RECEIVE, FILE AND APPROVE MINUTES OF PREVIOUS MEETING It was moved, seconded and duly carried to approve the minutes of the September 13, 2000 and September 21, 2000 Finance, Administration and Human Resources Committee meetings. (5) REPORT OF THE COMMITTEE CHAIR The Committee Chair had no report (6) REPORT OF THE GENERAL MANAGER General Manager Blake Anderson reported on the due diligence effort that staff is conducting on an unsolicited offer for Liberty Ranch and San Joaquin composting sites in Kings and Kem Counties, respectively. Staff believes the property is worth less than the asking price of $72 million, but is interested in the composting sites and possibly half of the 22,000 acres owned in Kings County. It has been difficult to come up with reasonable comparisons on the composting sites. It is likely that staff will resort to an analysis of the revenue stream of the sites rather than the comparisons of prices paid for similar sites. (7) REPORT OF DIRECTOR OF FINANCE Director of Finance Gary Streed referred the Directors to the Treasurer's Report distributed to them that evening. He called their attention to an $885,000 investment in United Kingdom commercial paper in the short-term portfolio. The District is not allowed to purchase this type of commercial paper and PIMCO has remedied that situation at no loss to the District. Mr. Streed also reported he had received a request from the treasurer of Palm Desert for a letter of support for his request to make a change in the government code regarding how much commercial paper special districts, counties and cities can own. Currently the government code and the District's investment policy are the same, and allow the District to put up to 15% of its portfolio into commercial paper. PIMCO and our third party investment advisor like investments in commercial paper. In both long-term and short-term portfolios the District has in excess of 14-*% invested in commercial paper. Mr. Streed intends to send a letter of support for this. The Directors were then referred to the Certificates of Participation agenda report. They were reminded that this is the first report since the District's refinancing in August so a few changes had to be made to show that the District has one variable rate issue outstanding instead of two. (8) REPORT OF DIRECTOR OF HUMAN RESOURCES The Director of Human Resources introduced Jan Collins, Human Resources Analyst, to the Directors, who was attending her first meeting to observe. (9) REPORT OF DIRECTOR OF INFORMATION TECHNOLOGY Director of Information Technology Patrick Miles spoke to the Directors regarding a request from last month's committee meeting to look into the possibility of providing laptop computers for all Directors and electronic agenda reports. Minutes of the Finance, Administration and Human Resources Committee Meeting Page 3 October 11, 2000 Mr. Miles reported that the cost for hardware per device would be approximately $4,000, in addition to training time per user and recurring support costs. Currently, staff does not have the ability to provide all of the information contained in the agenda packages electronically. Staff has been working on a software application entitled Committee Board Agenda Software {CBAS). This software was to allow staff to provide that information to the public electronically, as well as help facilitate the development of the agenda reports within the agency. Unfortunately, that project is going through some technical difficulties and staff is reassessing that project. Following discussion among Directors they requested staff provide the following: • Provide direction on how to access Committee and Board agendas and minutes on the District's website • Provide Directors with e-mail addresses and phone list of current Board Members • Provide direction on how to subscribe to Brown and Caldwell's daily newsletter on water and wastewater issues • Provide remote access to prior agenda reports or provide information on disc • Advise Directors of long-term strategy regarding e-based systems the District currently has • Provide a "walk-through" to the Directors on what is available on the website and how to access that information • List District's website address on all agendas • List District's website address on District stationery (10) REPORT OF GENERAL COUNSEL General Counsel Tom Nixon had no report. (11) CONSENT CALENDAR ITEMS a. FAHR00-75: Receive and file Treasurer's Report for the month of September 2000. b. FAHR00-76: Receive and file Certificate of Participation {COP) Monthly Report. c. FAHR00-77: Receive and file Employment Status Report as of October 2, 2000. d. FAHR00-78: Recommend to Board of Directors to adopt Resolution No. OCSD 00-_, Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual. END OF CONSENT CALENDAR Motion: It was moved, seconded and duly carried to approve the recommended actions for items specified as 11 (a) through {d) under Consent Calendar. Minutes of the Finance, Administration and Human Resources Committee Meeting Page4 October 11, 2000 (12) ACTION ITEMS a. FAHR00-79: Recommend to Board of Directors to adopt Resolution No. OCSD 00-_, Motion: Approving District's Records Retention Schedule and Adopting Policies and Procedures, and Repealing Resolution No. OCSD 98-16 It was moved, seconded and duly carried to recommend approval to the Board of Directors. b. FAHR00-80: Recommend to Board of Directors to adopt Resolution No. OCSD 00-_, Motion: Adopting Policy re Sewer Service Fee Refunds Allowing Current Parcel Owners to Receive Sanitary Sewer Service Fee Refunds for Parcels Not Connected to the Sewer System, and Repealing Resolution No. OCSD 99- 25; and, direct staff to process refunds in-house. It was moved, seconded and duly carried to recommend approval to the Board of Directors. (13) INFORMATIONAL PRESENTATIONS There were none. (14) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS. IF ANY There were none. (15) MATIERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT Director Gullixson requested that upon completion of the current employee negotiations that an evaluation be done of the negotiation process and how the process can be improved. Director Swan reminded staff that he wanted to make a report on the Groundwater Replenishment System at the November meeting. (16) CONSIDERATION OF UPCOMING MEETINGS The next FAHR Committee meeting is scheduled for November 8, 2000 at 5 p.m. (17) CLOSED SESSION The Committee convened in Closed Session at 6: 11 p.m. pursuant to Government Code Sections 54957.6 to discuss and consider Agenda Item No. 16(a)(1). 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 No. 16(a)(1). At 8:05 p.m., the Committee reconvened in regular session. ' Minutes of the Finance, Administration and Human Resources Committee Meeting Page 5 October 11, 2000 (18) ADJOURNMENT The Chair declared the meeting adjourned at approximately 8:06 p.m. Submitted by: \'Vadonldata1\wp.dtalagenda\FAHRIFAHR2000\2000 Minutea\101100 FAHR MIN.doc FAHR COMMITTEE Meeting Date 11/08/00 AGENDA REPORT Item Number F/l~JX>-fl... Orange County Sanitation District FROM: Gary Streed, Director of Finance SUBJECT: CERTIFICATES OF PARTICIPATION (COP) MONTHLY REPORT - OCTOBER 2000 GENERAL MANAGER'S RECOMMENDATION To Bd. of Dir. Item Number Receive and file Certificates of Participation (COP) Monthly Report for the month of October 2000. SUMMARY The District began issuing Certificates of Participation (COPs) on a variable interest rate basis in 1990. These variable rate COPs were a part of our long-term financing plan which also included some more traditional fixed rate borrowing. In 1992 and 1993, some of the fixed rate COPs were refunded and replaced with synthetic-fixed rate COPs. These are variable interest rate COPs that are also subject to a long-term fixed-rate interest exchange agreement (SWAP). The SWAP provides the maximum interest rate to be paid by the District, and is less costly than traditional fixed rate borrowing. In August 2000, the entire financing program was restructured and modernized to incorporate and take advantage of the consolidation of District books of account and revenue structure. This process has reduced the number of COP issues from five to three; 1992 Refunding COPs, 1993 Refunding COPs and 2000 Refunding COPs. The 2000 COPs can be divided into Series A and Series B, if additional remarketing agents are desired. Variable interest rate COPs can be put back on the market by the buyer each day. When this happens, they must be remarketed or sold to another buyer. This process, called remarketing, is generally provided by a municipal bond underwriter. The remarketing agent sets the interest rate they believe is required to sell the COPs. Some issuers believe that having more than one remarketing agent promotes competition and results in lower interest costs. Staff has monitored variable interest rate issues of other agencies since the inception of our program. The attached charts are described in the "Additional Information" section of this agenda report. They are provided monthly to compare our actual interest rates to a composite index, and to other selected issuers of similar credit quality, and with COP issues of similar amounts. Many variables affect interest rates, but staff expects our rates to be among the lowest. C:\WI N Nl\Profiles\crane\Personal\F AHR 11 OSOOCOP .doc Revised: 8/20/98 Page 1 PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT 0 This item has been budgeted. (Line item: ) 0 This item has been budgeted, but there are insufficient funds . 0 This item has not been budgeted. rgj Not applicable (information item) ADDITIONAL INFORMATION The first graph entitled, "OCSD COP Rate History Report," shows the actual variable interest rates paid on each of the dq,ily 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 "swap." The second bar chart entitled, "Comparative Daily COP Rate History Report," snows the performance ofthe 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 District's 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 ma.intains 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 N/A CEQA FINDINGS N/A C:\WIN NT\Profiles\crane\Personal\FAHR 11 OSOOCOP .doc Revised: 8/20/98 Page 2 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:lc C:IWINNnProfileslcrane\Personal\FAHR110BOOCOP.doc Revised: 8120/98 Page 3 (j) "tJ it c Cil ~ :J> RATE(%) i !!. -t [ ~ m DI ~ !;!; 0 -N (..» .ii. en CJ) "'Tl ::l ~ 03-Nov-99 :r DI ::l 0 0 _CD 6 ~ 17-Nov-99 ...... IQ 8 ;;;:; ...... :r 01-Dec-99 j DI ::l 0 ;; ...... )> 15-Dec-99 ~ -f "tJ m !::: :I: 29-Dec-99 Cii -f io """' 12-Jan-OO + I ~ I I * • I 0 26-Jan-OO + I L......AI I I :f: • I I 0 en 09-Feb-OO f I ~ I I I * + I I c 23-Feb-OO + I ~ I I :f: • I I 0 0 08-Mar-OO ""CJ +t c 22-Mar-OO o~ )>"'O (5~. 05-Apr-OO 0 r-::::s -I -< en CD ~~ g $! mm 19-Apr-OO l "O C" C" CD .., 03-May-OO m -t co c.> :::c m 17-May-OO .. N :5 f + 31-May-OO o en 0 -I cn"'O 14-Jun-OO 00 g~ G>N 28-Jun-OO ~ CDC ::so cnO ~ 12-Jul-OO :::0 II) "O m 26-Jul-OO ""CJ 09-Aug-OO t I l~I * I • I 0 ~ 23-Aug-OO t I rJ I * I • I 06-Sep-OO 20-Sep-OO 04-0ct-OO 18-0ct-OO Prepared by Finance, 10/31 /2000, 1 :42 PM COMPARATIVE DAILY COP RATE HISTORY REPORT OCTOBER, 2000 s.oo---~~~--.::~~~~~~~~~~~====================~~~~~~~~~==~~!!l!!-~--. 5.00 -1-~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-----1 4.00 -~ 0 -~ 3.00 <( rx: 2.00 1.00 0.00 DATE 0) 0) 0 0 0 0 0 0 0 0 0 0 0) Q) 0 0 0 0 0 0 0 0 0 0 > cS c ~ .. : .: > c::" :; ci c: "ti" 0 Q) ('CJ Q) ('CJ 0. ('CJ :::I ~ Q) z 0 ..., LL ::E <( ::E ..., ..., en 0 mocso D COMPOSITE INDEX G :\excel .dta\fin\2220\geggi\Finance\dailycopintrate .xis -~ w ... <C et:: 4.90 4.65 4.40 4.15 -···· 3.90 ....... 3.65 3.40 ---·· 3.15 --··· 2.90 ----· 2.65 -···· 2.40 ~-- 2.15 -···· 1.90 I '· * " HIGH LOW COP RA TE HISTORY COMPARISON OF HIGHEST & LOWEST RATES l!I Highest rate o OCSD/PW 2000 8/31/00 • OCSD/PaineWebber a Lowest rate .. ::::::::: ::::::::: .. ___ _ ·:::'::: ::::::::: ·.·.·.·.· ·.·.·.·.· ·.·.·.·.· ·.·.·.··' ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.· .. :::::::: ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ·.·.·.·. ···•···· ·.·.·.·. :;:::::: ·.·.·.·. :::::::: :::::::: ::::::::: ::::::::: :-:-:-:·: ·:-:-:·:. ~=~:~~~=~ G:\excel.dta\fln\2220~eggi\Finance\RATEHIST_HILO_bargraph Prepared by Finance, 10/31 /2000, 1 :41 PM Prepared by Finance, 10/31/2000, 1 :42 PM Nov-99 Dec-99 Jan-00 Feb-00 Mar-00 Apr-00 May-00 Jun-00 Jul-00 Aug-00 Sep-00 Oct-00 AVERAGE ESTIMATED ANNUAL INTEREST DAILY COP RA TE HISTORY COMPARISON OF MONTHLY AVERAGES OCTOBER, 1999-SEPTEMBER, 2000 OCSD $218.6M $100M $98.SM $46M Series 2000 Series"A" Series"C" Series 93 Ref PaineWebber PaineWebber J.P. Morgan PaineWebber 3.36 3.30 3.36 2.93 3.01 2.93 2.51 2.53 2.51 1.95 1.97 1.95 3.20 3.18 3.20 3.46 3.44 3.46 4.76 4.80 4.76 4.10 4.10 4.10 3.73 3.71 3.73 3.34 3.33 3.34 3.65 3.65 3.67 3.67 3.66% I 3.33% I 3.34% I 3.39% Composite Index• 3.38 2.97 2.50 1.99 3.22 3.49 4.73 4.11 3.74 3.33 3.65 3.66 3.40% PAYMENTS PER $100M PAR AMOUNT $ 3,660,000 Is 3,300,000 I s 3,310,000 $ 3,330,000 $ 3,350,000 *FOOTNOTE Composite index consists of the following COP transactions: . IRWD, Series 86-COP, 88, 95, $106.1M, Solomon Smith Barney • IRWD, Series C-Ref 93-B, 85-8, $62.1 M, Lehman Brothers • IRWD, Series 91, 93, 85, $93.0M, PaineWebber • IRWD, Series 89, C-Ref 93-A, C-Ref 95, $70.9M, Merrill Lynch • Western Riverside Co. Reg. Wastewater Auth., Series 96, $25.4M, PaineWebber . Orange Co., Irvine Coast Asst. Dist. 88-1, $94.5M, J.P. Morgan • SCE, $192M, Lehman G :\excel .dta\fin\2220\geggi\Finance\COPdaily$rate comparison .. FAHR COMMITTEE Meeting Date To Bel. of Dir. 11/08/00 11/15/00 AGENDA REPORT Item Number Item Number FAHR00-83 Oran·ge County Sanitation District FROM: Lisa Tomko, Director of Human Resources & Employee Development Originator: John Weingarden, Human Resources Analyst SUBJECT: EMPLOYMENT STATUS REPORT AS OF OCTOBER 25, 2000. GENERAL MANAGER'S RECOMMENDATION Receive and file the Employment Status Report. SUMMARY Total FTE headcount at the District as of OCTOBER 25, 2000 is 500.25. PROJECT/CONTRACT COST SUMMARY Not applicable. BUDGET IMPACT D 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. rz! Not applicable (information item) ADDITIONAL INFORMATION The District had a full-time equivalent (FTE) headcount of 500.25 as of October 25, 2000. The actual number of employees was 508. There was one promotion during the month of October: • Joe Park, Sr. Mechanic to Lead Mechanic (Mechanical Maintenance) There were three new employees hired during the month of October: • Pump Power Operator (Cogeneration) • Sr. Accounting Clerk I Accounts Payable (Accounting) • Lab Analyst (Environmental Sciences) llr.ldon\data1Wp.dtalagenda\FAHRIFAHR2000\2000 Agenda ReportslFAHRQ0..83.dot R911ised: Bl20lll8 Page 1 ALTERNATIVES Not applicable. CEQA FINDINGS Not applicable. ATTACHMENTS Octooer 25, 2000 Employmerit Status Report. Performance compared to Q0-01 Budget FTE's. \lradonldata1"1wp.dta\agenda\FAHRIFAHR2000\2000 Agenda ReportslFAHR00-83.dot Revised: 8/20/98 Page2 Employment Status Report A B c D E F Regular Regular Regular Part-time Part-time Full-time 20 hours 30 hours Contract Intern LOA 110 -General Management Admin 3 00 o.oo 0.00 0.00 0.00 o.oo General Management Totals 3.00 0.00 0.00 0.00 0.00 0.00 210 -Finance Administration 3.00 0.00 0.00 000 0.00 000 220 -Accounting 15.00 0.00 a.DO 0 DO D.00 o.oo 23D -Purchasing & Warehousing 14,0D 1.5D O.DD D.OD O,OD 0.00 Finance Totals 32.00 1.50 0.00 0.00 0.00 0.00 31 o -Communications 9,0D DOD D.OD 0 DD D.OD D.00 Communications Totals 9.00 0.00 0.00 0.00 0.00 0.00 510 -HR & Employee Development 9.0D 0 00 0.75 0.DO 0.DO 0.00 Human Resources Totals 9.00 0.00 0.75 0.00 0.00 0.00 610 -Technical Services Admin 2 00 0 00 0 00 0.25 o.oo o.oo 62D -Environmental Campi. & Mon it. 18.0D D.OD D.OD O.OD 1.DD D.DD 63D -Environmental Laboratory 28.0D 1.5D 1.5D D.DD O.DD 1.0D 64D -Source Control 34.0D D DD 0 OD 0.00 0.00 0.00 650 -Safety & Emergency Response 7.00 0 OD 0 00 0.00 0.00 0.00 Technical Services Totals 89.00 1.50 1.50 0.25 1.00 1.00 71 O -Engineering Administration 3 00 0 DO 0.00 0 00 0.00 0.00 720 -Planning & Design Engineering 31 .00 0 00 0 75 0.00 0.00 0.00 730 -Construction Management 33 DO 0 OD o.oo 0.00 DOD 1.00 Engineering Totals 67.00 0.00 0.75 0.00 0.00 1.00 420 -Collection Facilities Mice 17.50 0.00 0.00 a.OD 0.00 0.00 430 -Plant Maintenance 27.5D 0.00 D.DD 0.00 0.DD 3.DO 810 -O & M Administration 2,DD D DO D.OD 0 DD D.DD o.oo 820 -O & M Process Support 9,00 0 OD O.OD 0.5D 0.50 0.00 83D -Plant 1 Operations 31 .00 0 50 0 00 0.00 a.OD 0.DO 840 -Plant 2 Operations 39.0D o.oo 0.00 0.00 O.OD 0.00 85D -Mechanical Mice 43 DD 0.00 0.00 0.00 0.00 1.00 860 -Electrical & Instrumentation Mice 55 OD 0 00 0.00 0 00 0.00 o.oo 870 -Cogeneration 10,00 ODO 0 00 0.00 0.00 0.00 680 -Air Qualny & Special Projects 1000 0 00 o.oo 000 0.50 0.00 Operations & Maintenance Totals 244.00 0.50 0.00 0.50 1.00 4.00 910 -IT Admin 2.00 0 OD 0.00 0.00 0.00 D.00 93D -Customer & Network Support 12 DD 0 00 0 OD 0.00 0.00 0.00 940 -Programming & Database Sys 9 OD 0.00 0.00 0.00 0.00 0.00 950 -Process Controls Integration 9 OD 0 OD 0.00 0.00 0.00 0.00 Information Technology Totals 32.00 0.00 0.00 0.00 0.00 0.00 Staftlng Totlts -485.ool uol 3.ool D.751 2.o01 -6.00 Recruitments pending, but not offered: Offers Outstanding: Actual FTE's with current ntcn1ltments ftUld: -·-. ·-· • Detail on "Recruitments pending but not offered" shown under Current Recrunments I Description_ Detail on "Olfers Oulstandlng'' shown bold/shaded under Current Recruitments I Number. g:\excel.dtalhr\510\weingarden\Employment Status Report 10/25/2000-----10:26 AM G H K Actual Current Recruitments Budget "Vacant'' FTE FTE Positions Count Description Number 0~01 FY 00-01 I:(A: F )'-Shaded nte:n1ltments (J-G-t) below have been offered 3.00 3,00 o:oo ~ -3.00 3.00 -··:-o.oo ~ ·--~ 3.00 4.00 1.00 15.00 15.DO 0.00 15.50 Contract Admin 1.00 17.50 1.od 33.50 1.00 36.50 ,-2.00 - 9.00 Public Info Officer 1.DD 9.DO -1.00 9.00 1.00 9.00 -1.00 9.75 10.25 0.50 9.75 10.25 0.50 225 2,00 -0.25 19.00 19.00 0.00 32.00 Sr Lab Anal~t 1.00 32.00 -1.00 34.00 34.0D 0.00 7.00 7.50 0.50 94.25 1.00 94.50 -0.75 3.00 3.00 0.00 31.75 EDMS Tech & Intern 1.50 34.25 1.00 34.00 Const or Sr lnsp 1.00 36.00 1.00 68.75 2.50 73.25 2.00 17.50 Coll. tac Wrkr 1 DD 18.50 0.00 30.50 29.50 -1.00 2.00 2.DD 0.00 10.00 9.50 -0.SO 31.50 OIT or Operator 1 00 33.0D 0.50 39.00 36.50 -0.50 44.00 44.50 D.50 ·· '55.oo 55.50 0.50 10.00 9,00 -1.00 10.50 10.50 0.00 - 260.00 2.00 250.50 -1.SO 2.00 2.00 0.00 12.00 12.00 0.00 9.00 1D.OD 1.00 9.00 9.00 0.00 32.00 33.00 1.00 500.25 7.50 510.00 --2.25 - 6.50 * 1.00 ,.,. 507.75 Performance to Staffing Plan 520 .. ·-·-·-·-·-·-·-·-·---·-·---·-·-·-·-·-·• \ 515 '. \ \ 510 .. --- 505 500 ... ... ~-~ ~·--• ~ ~ T ...- 495 -;.. • 490 485 • FTE Headcount --• · -Staffing Plan 480 ' 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 J I FY 99-00 I I FY 00-01 I FA~R COMMIT.TEE AGENDA REPORT Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Michael White, Controller Meeting Date 11/08/2000 Item Number FAHRCI0-84 SUBJECT: FINANCIAL AND OPERATIONAL REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2000 GENERAL MANAGER'S RECOMMENDATION To Bel. of Dir. 11/15/2000 Item Number Receive and file the 2000-01 Financial and Operational Report for the First Quarter ended September 30, 2000. SUMMARY Attached in a separately bound document is the District's First Quarter Financial and Operational Report for the period ended September 30, 2000. This report is a consolidation of both the financial and operational accomplishments of the District through the first quarter of the 2000-01 fiscal year. Contained within the First Quarter Financial Report and Operational Report are budget summary reviews of the Joint Operating & Working Capital Funds, the Capital Outlay Revolving Fund, 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 2000-01 Approved Budget and Strategic Goals Workplan. As indicated within the Overview Section of this report, 23.86 percent, or $10,976,000 of the 2000-01 net joint operating budget of $46.0 million has been expended. Net costs have decreased 8.60 percent in comparison with the same period last year primarily due to the unexpected cost of the Huntington Beach closure investigation in the first quarter of 1999-00 totaling $750,800. The total cost per million gallons at September 30, 1999 is $473.76 based on flows of 251.8 million gallons per day. This is $40.64, or 7.9 percent below the budgeted cost per million gallons of $514.40. This shortfall is due to expenditures being lower than budget by 4.56 percent compounded by the overage in flows, 2.79 percent above the budgeted amount of 245 million gallons per day. PROJECT/CONTRACT COST SUMMARY NIA H:\wp.dta\agenda1FAHRIFAHR2000\2000 Agenda Repoits\FAHR00-64.doc R911ised: 8l20l98 Page 1 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. [8] Not applicable (information item) ADDITIONAL INFORMATION None. ALTERNATIVES NIA CEQA FINDINGS N/A ATTACHMENTS 1. 2000-01 Financial and Operational Report for the Quarter Ended September 30, 2000. H:\wp.dtalagenda\FAHRIFAHR20CD2000 Agenda Reports\FAHR00-84.doe R911ised: 8l20l98 Page2 The agenda report for Item No. 10(e) - (FAHR00-91) was not available at the time of mailing the November 8, 2000 FAHR agenda package. This agenda report will be distributed at a later date. FAHR COMMITI'EE Meeting Date To Bd. of Dir. 11/08/00 11/15/00 AGENDA REPORT Item ~umber Item Number FAHR00-85 ~ . Orange County Sanitation Dist.rid FROM: Lisa Tomko, Director of Human Resources & Employee Development Originator: Jan Collins, Senior Human Resources Analyst SUBJECT: COMPENSATION STRUCTURE ADJUSTMENT GENERAL MANAGER'S RECOMMENDATION: Adopt Resolution No. OCSD 00-_, Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual, providing for: 1. Create Limited Term Contract Engineer classification at pay range E 13 ($67, 122-$94,929). 2. Create Engineering Contracts Administrator classification at pay range E7 ($50,068 -$70,847). 3. Reinstate approved positions of Maintenance Worker, Mechanic, Sr Mechanic and Lead Mechanic from the FY99/00 budget at a proposed cost of $5,533. Inactivate the Collection Facilities Worker I and II classifications. SUMMARY From time to time, adjustments need to be made to a classification structure. As new duties and responsibilities are identified as critical to the mission of the organization, new classifications must be added or job descriptions modified. Staff has identified three adjustments that need to be made to the classification structure. 1. A Limited Term Contact Engineer classification be created at pay range E13 ($67, 122 -$94,929). Currently the District is utilizing temporary employees to work on long-term engineering projects. By creating this classification, the District will achieve overall cost savings as the rate of pay for the incumbents in this classification will be lower than the current billing rates being paid to the temporary agencies. Additionally, the District is at legal risk by using temporary employees on a long-term basis. The classification was slotted at the same range as the Sr Engineer classification. Please see the attached classification description, Attachment 1. 2. An Engineering Contracts Administrator classification be created at pay range E7 ($50,068 -$70,847). The District commissioned a study to review the existing construction contract administration workflow processes and to determine H:\wp.dlalagenda1FAHRIFAHR2000\2000 Agenda Reports\FAHR00-85.doc R811ised: 8l20/98 Page 1 whether a need existed for a construction contract administrator position. The study found that a need existed and recommended that the classification be titled Engineering Contracts Administrator. Survey data for this classification at the nine comparison agencies and local city governments has an average midpoint of $59,904. The midpoint or market reference point of pay range E7 is $60,458. Please see the attached classification description, Attachment 2. 3. For Division 420, Collection Facilities Maintenance, the FY99/00 budget showed approval for Lead Mechanic, Sr Mechanic, Mechanic and Maintenance Worker positions totaling 13. Inadvertently, these classifications were not carried over for the FY00/01 budget. The approved positions reverted back to the classifications of Lead Collection Facilities Worker, Sr Collection Facilities Worker, Collection Facilities Worker I and II. It is recommended that the current FY00/01 budget be modified to reflect the FY99/00 changes. Cost for remaining three quarters of FY00/01 is $5,533. Inactivate the Collection Facilities Worker I and II classifications. It is recommended that these two classifications be combined because the job duties and responsibilities are identical. Both positions have a mandatory qualification for possessing a minimum of a "Class B" driver's license with an airbrake and tanker certificate. This combined classification will utilize the revised Maintenance Worker job description. Human Resources Policy C10.00, Exhibit A, Salary Schedule, has been updated to reflect the proposed modifications and is attached for review and acceptance as Attachment 3. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT ~ 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. D Not applicable (information item) ADDITIONAL INFORMATION N/A ALTERNATIVES N/A H:\wp.dtalagenda\FAHRIFAHR200<7'2000 Agenda Repoits\FAHROCl.aS.doc Rllllised: 8l20l98 Page2 CEQA FINDINGS NIA ATTACHMENTS 1. Limited Term Contract Engineer classification description. 2. Engineering Contracts Administrator classification description. 3. Human Resources Policy and Procedure C10.00, Exhibit A, Salary Schedule. H:lwp.dta'agenda\FAHRIFAHR200<Jl2000 Agenda Reports\FAHR00-85.doc Reviaed: 8l20l98 Page3 ORANGE COUNTY SANITATION DISTRICT CLASSIFICATION DESCRIPTION Title: LIMITED TERM CONTRACT ENGINEER No. 9991 Date: 10/18/00 Revised: Approved: Page: 1 of 3 DISTINGUISHING CHARACTERISTICS: Incumbents possess registration in their field of expertise. Incumbents are responsible for project management activities and receive administrative direction from supervisor. Incumbents may act as senior advisers to engineering staff. Work is reviewed at the completion of projects by supervisor to determine if desired overall results and objectives have been achieved. Incumbents may oversee activities of less experienced engineers. EXAMPLE OF DUTIES: Duties and responsibilities vary by department and may include the following: Operations and Maintenance: Evaluates the design of complex to highly complex engineering drawings, systems and processes for the improvement of wastewater treatment facilities and oversees the design of non-complex engineering plans. Inspects, diagnoses and develops corrective action plans to complex and highly complex plant and sewer system operation and maintenance problems. Works with Engineering department to review wastewater facility plans and specifications and to provide input on functional aspects of proposed facilities. Oversees the bid and proposal process and prepares purchase recommendations for wastewater treatment facility and collection system improvement projects and equipment. Prepares emergency preparedness plans and training procedures. Tracks District's conformity to regulatory requirements for permit compliance by reviewing wastewater treatment processes and the treatment facilities' removal efficiencies and discharge data. Reviews plant process trends, takes or directs corrective action and coordinates plant operators and operation activities to optimize plant process. Oversees and provides review of utilities, chemicals, equipment budget preparation and reports. Analyzes and performs optimization studies of various chemicals, unit processes, odor control and utilities throughout the treatment plant. Represents the District with regulatory agencies, public, contractors and consultants. Prepares memos and reports regarding wastewater treatment management and conducts inspections of wastewater treatment facilities and construction sites. Oversees the start-up of complex facilities. Technical Services: Issues and renews industrial wastewater discharge permits to industrial facilities by performing evaluations of the permit applications and design drawings of industrial waste management practices, finalizing permit requirements and ensuring compliance. Implements permittees' industrial sampling and monitoring programs by evaluating sampling and monitoring data to determine compliance, issuing notices of violations, scheduling requirements and ensuring compliance. Undertakes enforcement actions against non-compliant industries by performing evaluations of the industries' compliance histories, determining the level of enforcement action to be taken, performing evaluations of the permittees' corrective response plans and waste management proposals, preparing and finalizing correspondences and tracking compliance. Conducts technical facility inspections to assess and verify permit application information and design drawings and assess the cause of violations. Interfaces with industrial permittees and the public, ORANGE COUNTY SANITATION DISTRICT CLASSIFICATION DESCRIPTION Title: LIMITED TERM CONTRACT ENGINEER Technical Services (cont.): No. 9991 Date: 10/18/00 Revised: Approved: Page: 2 of 3 both in person and by telephone, by responding to permittees' requests regarding regulatory permit and enforcement issues. Prepares compliance agreements, administrative orders, administrative complaints and staff reports. Plans and develops source control policy, procedures and tasks, implements new regulatory requirements and participates in studies conducted by the EPA and other regulatory agencies. Project manager for air quality projects, prepares scope of services, selects consulting engineers, establishes schedule and performance criteria, tracks progress, manages budget and prepares reports . Manages SCAQMD permits by updating permit index, paying permit fees, establishing permit conditions on new permits, communicating permit compliance requirements to operations and maintenance departments, developing auditing programs and auditing compliance activities. Evaluates and designs more complex plans for air quality control equipment. Develops and manages air quality database system and evaluates and selects control technologies to achieve air quality compliance requirements. Develops conformity documents for the District's facilities, assists in the development of air quality policies and tracks new legislative and regulatory developments related to air quality compliance. Oversees research for air pollution control and implementation and develops and manages emission modeling systems and testing program. Represents the District with regulatory agencies, public, contractors and consultants. Prepares memos and reports regarding air quality management. Engineering: Develops the scope of work for new, complex to highly complex wastewater treatment facility projects and reviews consultant proposals to ensure that drawings and detailed specifications are prepared according to project requirements. Prepares engineering and construction budgets and requests for proposals. Provides technical assistance to engineers and engineering aides. Processes easements, grant deeds, agreements and permits during the preparation of contract bid documents for the construction of wastewater treatment facilities. Performs utility searches and resolves complex to highly complex utility location conflicts during the construction of facilities. Interprets more complex facility construction contract documents, prepares progress payments to the contractor and reviews submittals for material and equipment conformance to design specifications and plans. Performs analysis of change orders to verify that they are requirements, negotiates fair and reasonable costs for change orders and prepares change order reports and documents for consideration by the Board of Directors. Prepares complex to highly complex engineering plan clarifications and changes as response to contractor's request for information during construction of facility and verifies that equipment meets design specifications and regulatory requirements. Performs more complex power system studies of electrical equipment to determine how modifications affect the systems and to plan future growth. Represents the District with regulatory agencies, public, contractors and consultants. Prepares memos and reports regarding wastewater treatment facilities management and conducts inspections of wastewater treatment facilities and construction sites. ORANGE COUNTY SANITATION DISTRICT CLASSIFICATION DESCRIPTION Title: LIMITED TERM CONTRACT ENGINEER MINIMUM QUALIFICATIONS: No. 9991 Date: 10/18/00 Revised : Approved : Page: 3 of 3 Bachelor of Sciences degree in Engineering from an accredited college or university, or equivalent experience, and four to six years of experience working on increasingly difficult projects which require the use of engineering principles, materials, practices and processes. Prefer at least two of those years at the registered engineer level. LICENSE OR CERTIFICATE REQUIRED: Possession of professional engineering registration from the state of California. Possession of a valid California class C driver's license. ORANGE COUNTY SANITATION DISTRICT CLASSIFICATION DESCRIPTION Title: ENGINEERING CONTRACTS ADMINISTRATOR DISTINGUISHING CHARACTERISTICS No. 1812 Date: 10/27/99 Revised: 10/20/00 Approved: Page: 1 of 2 Under general direction, manages Public Works projects in coordination with Engineering staff, legal counsel and outside contractors. Participates in the development and fulfillment of contact requirements in accordance with District's policies and local, state and federal regulations. The work requires advanced knowledge of the concepts, practices and procedures of contract administration. The work is reviewed by the Contracts and Purchasing Supervisor at critical points of assigned projects for soundness of technical analysis and to determine if desired overall objectives and deadlines have been achieved. EXAMPLE OF DUTIES Performs activities concerned with contracts, service agreements, grants, proposals and bids for purchase or sale of equipment, materials, products or services in a multi-department organization participating in engineering, public works construction, maintenance, research and testing, quality control, computerization/automation, chemical procurement, and specialized professional services. Reviews and/or prepares bids, contract stipulations, process specifications, liability and insurance requirements, bonds, and faithful performance warranties and assures conformity and compliance with District's policies, procedures, and service provision expectations. Reviews, approves and administers contract content including material, equipment, and/or service costs, performance requirements, compliance with insurance and bonding requirements, liquidated changes and delivery schedules to ensure completeness and accuracy. Coordinates, approves and administers contract change orders, amendments, addendums, extensions; stop notices and releases and close-out agreements. Advises departments of contractual rights and obligations under approved terms and conditions and resolves dispute resolutions of parties. Negotiates contracts with vendors, direct major contract purchases, and interface with service providers to expedite timely completion of contract agreements. Maintains comprehensive contractual records and periodically monitors progress of all goods and service agreements, from inception through completion, to enforce milestones, deliverables and post-contract warranties. Formalizes contract and purchasing process through development of Standard Operating Procedures ORANGE COUNTY SANITATION DISTRICT CLASSIFICATION DESCRIPTION Title: Engineering Contracts Administrator manual. MINIMUM QUALIFICATIONS No. 1812 Date: 10/27/99 Revised: 10/20/00 Approved: Page: 2 of 2 Bachelor's degree in related field and four years of related experience. A contract management certificate is desirable. Understanding of engineering/construction and public works contract administration, contract administration principles and knowledge of legal requirements for public works and capital projects. Experience in soliciting bids and proposals. Strong verbal and written communication skills. Excellent computer skills including recent use of MS Office programs and preferably JDEdwards FIS experience. LICENSE OR CERTIFICATE REQUIRED None I Pay Hourly Monthly Range Minimum Minimum E14 33.834 5,B65 -----~~-...;.---E 13 32.270 5,593 E13 32.270 5,593 E13 32.270 5,593 E12 30.743 5,329 Annual Minimum $70,375 $67,122 $67.122 $61'!1l2 $63,945 Orange County Sanitation District Classifications By Employee Group Professional Hourly Maximum Monthly Maximum B,300 7,911 7,911 7,911 Annual Maximum Classifications FLSA Status $99,599 I Chief Scientist --------,..--Exempt $94~Assistant to the General Manager Exempt --------=------+----'----l $94,929 I Senior Engineer Exempt $94,929 Limited Term Contract Engineer Exempt 7,539 , $90,465 'Senior Scientist Exempt 1 E12 3 0.743 5,329 -$63,945 47.8B4 45.639 45.639 45.639 43.493 43.493 41.377 41.377 39.396 37.575 37.575 37.575 -7-,5-3_9_ -$90,465-Se-ni-or Regulatory-S-pec-ia-1-ist------'--E-x-empt--j E11 E11 E10 E9 E9 E9 E9 E9 E9 E9 EB EB EB E7 E7 E7 E7 E7 E7 E6 E6 ES E5 ES E5 29.247 5,069 $60,834 7, 172 -$B6,064-Engineer --Exempt 29.247 27.812 26.542 5,069 $60,834 7,172 $B6,0~ IT Strategicl mplementation Leader ..,.--=-Exempt _I 4,821 4,601 26.542 4,601 26.542 4,601 26.542 4,601 ------26.542 4,601 26.542 4,601 26.542 4,601 25.242 4,375 25.242 4,375 25.242 4,375 24.071 4, 172 24.071 4, 172 24.071 4, 172 24.071 4, 172 24.071 4, 172 24.071 4, 172 22.906 3,970 22.906 3,970 21 .826 3,783 21 .826 3,783 21 .826 3, 783 21 .826 3,783 E4 20.790 E4 20.790 E4 20.790 E3 19.777 E2 18.871 E1 17.926 3,604 3,604 3,604 3,428 3,271 3,107 E1 17.926 3,107 -------E1 17.926 3,107 __ E_1_-'-_17_._92_6 ___ 3_,107 $57,849 $55,207 $55,207 $55,207 $55,207 6,B29 _ _ $B1,944 SeCTetaryto the Board of Director~. Exempt J 6,513 $7B,156 Pr_inc_ipal Administrative Analyst --r-Ex~mpt =- 6,513 ---37.575 -----$55,207 37.575 6,513 6,513 6,513 ----$55,207 37.575 6,513 $55,207 37.575 6,513 ---$52,503 35.717 6, 191 ---$52,503 35. 717 6,191 $52,503 35. 717 6, 191 5,904 5,904 5,904 5,904 5,904 5,904 $50,06B 34,061 $50,06B 34.061 $50,06B 34.061 $50,06B 34.061 $50,06B 34.061 $50,068 34.061 $47,644 $47,644 $45,39B $45,39B $45,39B $45,39B $43,243 $43,243 $43,243 $41,136 $39,252 $37,2B6 32.399 5,616 -------32.399 5,616 30.B72 5,351 30.B72 5,351 30.B72 5,351 30.872 5,351 2'9.443 5, 103 29.443 5,103 29.443 5, 103 2B.010 4,B55 ----26.677 4,624 25.43B 4,409 $7~ Principal Engineering Associate __ Exe~ $7B, 156 Project Specialist Exempt $7B, 156 Regulatory Specialist ExerTIPtl $78, 156 I Scientist _ Exem~--I $78, 156 Principal Accountant Exempt _$7B, 156 Prin~al Financial Analyst =+ Exemp!.----=. $74,291 ,Associate Engineer Ill Exempt $74,291 1Pnncipal Environmental Specialist Exempt ~-1 --$7 4,291 Safety ~ Emergencx_~e~ponse -~pecialist __ Exempt --! $70,B47 Programmer Analyst Exempt --j ---------···----·--· -4 $70,847 ,Computer Hardware Specialist Exempt $70,847 Tele_9ommunications Specialist Exempt $70,B47 Maintenance Planner Exe __ m...:.p_t -~ $70,B47 -Contracts Administrator ----i Exempt $70,847 Engineering Contracts Administrator Exempt $67,390 Principal Laboratory & Research Analyst __ $_6_7-,3-9_0_1 Senior Administrative Analyst -------' ----~~. v~,--'---------$64,214 1Associate Eng=._in_e_er_l_I _______ , $64,214 Senior Accountant ----~--- Ex.empt ~xempt J Exempt _ I Exempt $ 64, 214 Senior Financial Analyst _ Exempt $64,214 Senior Environmental Specialist Exempt $61,241 Safety Representative Exempt $61,241 Programmer ·-------:--Exempt __ $61,2_4_1_...;.s_e_n_io_r_B_u....;.y_e_r _________ _.... ___ Ex_e_m_p_t __ 4 $58,261 ,Associate Engineer I Exempt -----$55,4BB ·Contracts Specialist Exempt --"'°' __ v_......,_,.,"'' $52,911 .Accountant Exempt -----$37,2B6 25.43B 4,409 $52,911 Buyer Exempt $37,286 -2-5.43_B_ --4-.-40_9 ___ $_5_2-.9-,-1-..... FinallciaT .Aiia!i5t. ····~-· ··-···-·· .. ·-·· Exempt $37,2B6 25.438 4,409 $52,911 Management Ana_ly:....s_t ___ ~---c-. -~i,c,empt ·-' 09/26/00 Pay Hourly Range Minimum 2015 23.415 2015 23.415 2015 23.415 2014 22.174 2014 22.174 2013 21.421 2013 21.421 2013 21.421 2012 20.705 2012 20.705 2012 20.705 2011 19.463 2011 19.46'3 2010 19.332 2009 18.806 2009 18.806 2009 18.806 2008 2007 -18..:.68~ '- 17.087 2007 17.087 2007 17.087 2007 2007 2006 ~ 2005 2004 2003 2002 ~ 2000 17.087 17.087 16.633 ~ 15.523 15.320 14.794 14.603 ~ 11.332 Monthly Minimum 4,059 -' 4,059 4,059 3,843 3,843 3,713 3,713 3,713 3,589 3,589 3,589 3,374 3,374 3,351 3,260 3,260 3,260 3,239 2,962 2,962 2,962 2,962 2,962 2,883 ~ 2,691 2,655 2,564 2,531 ~ 1,964 Annual Orange County Sanitation District Classifications By Employee Group Operations and Maintenance (501) Hourly Monthly Annual Minimum Maximum Maximum Maximum Classifications FLSA Status 48,703 29.159 5,054 60,651 Lead Electrical Technician Non-Exempt -------~--------------------48,703 29.159 5,054 60,651 Lead Instrumentation Technician Non-Exempt 48,703 29.159-.--5,054 60,651 Lead Pump Power Operator Non-Exl=!mpt .... -----· .. -----------46,122 27.606 4,785 57,420 Electrical Technician II Non-Exempt Non-Exempt Non-Exempt Non-Exempt Non-Exempt 46,122 44,556 44,556 44,556 43,066 43,066 43,066 40,483 40,483 40,211 39, 116 39, 116 39, 116 38,869 35,541 35,541 35,541 35,541 35,541 34,597 ~ 32,288 31,866 30,772 30,374 ~ 23,571 27.606 26.675 26.675 26.675 25.780 25.780 4,785 4,624 4,624 4,624 4,469 4,469 -----4,469 4,201 ----57,420 Instrumentation Technician II 55,484~ Lead Mechanic ---- Pump ~ower._?P_i::.rat_or __ Lead Plant Operator --Lead Collection Facilities Worker ----Lead Worker __.!::!?n-Exemp.!.._, Non-Exeme!..___ 55,484 55,484 53,622 53,622 53,622 50,417 Machinist Non-Exempt Senior Mechanic Non-ExemT I 4,201 50,417 Welder_ ___ -~=-Non-ExemP\ 1 4, 1 ~2 ___... _ 50,070 Equipment Operator ~n-Exem~ 4,059 48,703 Builder Non-Exempt -4,059 --, 48,703-Electrical Technic~ -~----__ N~~-Exempt - 25.780 24.239 24.239 24.072 23.415 23.415 23.415 _1 _4,059 48,7_0_3_..,...l_n_strumentat~n_T_ec_hnician I ~---N_o_n_-E_xe~ __ Non-~xe_rnpt ___ Non-Exempt_ 23.260 21.278 4,032 48,381 Plant Ope~o_r __ _ 3,688 21.278 3,688 21 .278 3,688 21 .278 21.278 --.,---20. 705 ~ 19:332- 19.070 18.424 18.173 ~ 14.114 3,688 3,688 3,589 ~ 3,351 3,305 3,193 3,150 ~- 2,446 44,258 Electrical Maintenance Worker 44,258 Instrumentation Maintenance Worker Non-Exempt Non-Exempt- Non-Exempt Non-Exeo:npt Non-Exempt ----44,258 44,258 44,258 43,066 ----- Painter Senior Maintenance Worker Senior Collection Facilities Worker Mechanic ~ ·Cglle,tigR i:a,ilitie& IA!grker II --------_!IQR ~~pt I Non-Exempt 40,211 Maintenance Worker ----~--------39,666 Operator In Trainl~ __ Non-Exe~ 38,322 Groundskeeper 37,800 Control Center Clerk ~ Celle,liQR i:a,ilitie& \IUgrker I Non-Exempt __ ~on-Exempt NQR EX&A'lpt Non-Exempt 29,357 Helper ------- FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Michael White, Controller Meeting Date To Bd. of Dir. 11/08/2000 11/15/2000 Item Number Item Number FAHR00-86 SUBJECT: ORANGE COUNTY SANITATION DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) FOR THE YEAR ENDED JUNE 30,2000 GENERAL MANAGER'S RECOMMENDATION Receive, file and approve the District's Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2000, prepared by staff and audited by Moreland and Associates, Certified Public Accountants. SUMMARY The District's independent auditors, Moreland & Associates, have completed their examination of the District's financial statements for the year ended June 30, 2000 and have again issued an unqualified opinion. Each year, the FAHR Committee reviews the results of the audit and the corresponding Auditor's report to the Committee. Michael Moreland, Partner, will attend the meeting to respond to any questions of Directors. This year, staff has again prepared the Comprehensive Annual Financial Report that includes the audited financial statements. For the last six years, the District has earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). This year's report will again be submitted to GFOA for their review in anticipation of another award. The Comprehensive Annual Financial Report, including the Auditor's opinion letter, the Auditor's Report to the Committee, the Auditor's Report on Compliance and on Internal Control Over Financial Reporting, and the Auditor's Appropriations Limit Report are attached. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT D 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. C8l Not applicable (information item) H:\wp.dta\agenda\FAHRIFAHR2<Xn2000 Agenda Reports\FAHR00-86.doc Revised: 8/20/98 Page 1 ADDITIONAL INFORMATION None ALTERNATIVES NIA CEQA FINDINGS NIA ATTACHMENTS 1. Comprehensive Annual Financial Report for the year ended June 30, 1999 2. Auditor's Report on Compliance and on Internal Control Over Financial Reporting 3. Auditor's Report to the FAHR Committee 4. Appropriations Limit Report H:\wp.dlalagenda\FAHRIFAHR2000.2000 Agenda Reporta\FAHR00-86.doc R8Yised: 8l20l98 Page2 Moreland &~ dnb. CERTIFIED PUBLIC ACCOUNTANTS September 6, 2000 The Board of Directors of the Orange County Sanitation District 1201 DOVE STREET, SUITE 680 NEWPORT BEACH, CALIFORNIA 92660 (949) 221-0025 570 RANCHEROS DRIVE, SUITE 260 SAN MARCOS, CA 92069 (760) 752-3390 Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of General Purpose Financial Statements Performed in Accordance With Government Auditing Standards We have audited the combined financial statements of the Orange County Sanitation District, California (District) as of and for the year ended June 30, 2000, and have issued our report thereon dated September 6, 2000. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained m Government Auditing Standards issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the District's combined financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations and contracts, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the District's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the fmancial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in whjch the design or operation of one· or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the combined financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. 'iVe noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. This report is intended solely for the information and use of the Board of Directors and management of the District and is not intended to be and should not be used by anyone other than these specified parties. ,&~'fr ~ k, Moreland &~odokv, dn<Y. CERTIFIED PUBLIC ACCOUNTANTS September 6, 2000 The Finance, Administration and Human Resources Committee of the Orange County Sanitation District 1201 DOVE STREET, SUITE 680 NEWPORT BEACH, CALIFORNIA 92660 {949) 221-0025 570 RANCHEROS DRIVE, SUITE 260 SAN MARCOS, CA 92069 (760) 752-3390 We have audited the combined financial statements of the Orange County Sanitation District, California (District) for the year ended June 30, 2000, and have issued our report thereon dated September 6, 2000. Under generally accepted auditing standards, we are providing you the attached information related to our audit. Our responsibility under generally accepted auditing standards is to plan and perform our audit to obtain reasooable, but not absolute, assurance that the financial statements are free of material misstatement and are fairly presented in accordance with generally accepted accounting principles. Because of the concept of reasonable assurance and because we did not perform a detailed examination of all transactions, there is a risk that material errors, irregularities, or illegal acts, including fraud and defalcations, may exist and not be detected by us. In addition, we considered the internal control over financial reporting of the District. Such considerations were solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control over financial reporting. Significant Accounting Policies The significant accounting policies of the District are described in Note 1 to the combined financial statements. During the year, no new accounting policies were adopted and the application of existing policies was not changed. We noted no significant, unusual transactions during the year, or transactions for which there is a lack of authoritative guidance or consensus. Management Judgments and Accounting Estimates Accounting estimates are an integral part of the financial statements prepared by management and are based upon management's current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. The judgments and estimates which may significantly affect the District's combined financial statements include establishing appropriate liabilities associated with general ljability and workers' The Finance, Administration and Human Resources Committee of the Orange County Sanitation District September 6, 2000 Page2 compensation claims. During our audit of the combined financial statements, we performed procedures to determine the reasonableness of the estimates used by management. These procedures included, but were not limited to, inquiry of the District's attorney and review of a third party administrator's report which ·summarized the estimated liability needed for claims against the District. Based on these and other procedures performed, we were able to conclude that the estimates mentioned above as recorded by management, appeared reasonable. Significant Audit Adjustments As a result of our audit related testwork, we proposed no corrections of the financial statements that, in our judgment, either individually or in the aggregate, had a significant effect on the District's financial reporting process. For purposes of this letter, professional standards define a significant audit adjustment as a proposed correction to the combined fmancia1 statements that, in our judgment, may not have been detected except through our auditing procedures. Other Information in Documents Containing Audited Financial Statements Our responsibility for other information in documents containing the District's combined financial statements and our report thereon does not extend beyond financial information identified in our report, and we have no obligation to perform any procedures to corroborate other information contained in these documents. We have, however, read the other information included in the District's comprehensive annual financial report; and no matters came to our attention that cause us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or its manner of presentation, appearing in the financial statements. Disagreements With Management There were no disagreements with management on financial accounting and reporting matters that, if not satisfactorily resolved, would have caused a modification to our report on the District's 2000 financial statements. Consultation With Other Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the District0s financial statements or a determination of the type of auditor's opinion that may be expressed on those statements, our professional standards require the consulting accountant to chec;:k with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. The Finance, Administration and Human Resources Committee of the Orange County Sanitation District September 6, 2000 Page3 Major Issues Discussed With Management Prior to Retention We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the District's auditors. These discussions occurred in the normal course of our professional relationship, and our responses were not a condition to our retention. · This information is intended solely for the use of the Finance, Administration and Human Resources Committee and should not be used for any other purpose. However, we understand that this document may be public information, and its distribution is not limited. i' I; Moreland&~ §>UY. CERTIFIED PUBLIC ACCOUNTANTS September 6, 2000 The Finance, Administration and Human Resources Committee of the Orange County Sanitation District 1201 DOVE STREET, SUITE 680 NEWPORT BEACH, CALIFORNIA 92660 (949) 221-0025 570 RANCHEROS DRIVE, SUITE 260 SAN MARCOS, CA 92069 (760) 752-3390 Independent Accountants' Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheets We have applied the procedures enumerated below to the accompanying Appropriations Limit worksheet No. 6 (or other alternative computation) for the Orange County Sanitation District (District) for the year ended June 30, 2000. These procedures, which were agreed to by the District and the League of California Cities (as presented in the League publication entitled Article X1IIB Appropriations Limitation Uniform Guidelines), were performed solely to assist the District in meeting the requirements of Section 1.5 of Article XIIIB of the California Constitution. This engagement to apply agreed-upon procedures was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the specified users of the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures performed and our findings were as follows: 1. We obtained the completed worksheets No. 1 through No. 7 (or other alternative computations) and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the Board of Directors. We also compared the population and inflation options included in the aforementioned werksheets to those that were selected by a recorded vote of the Board of Directors. Finding: No exceptions were noted as a result of these procedures. 2. For the accompanying Appropriations Limit worksheet No. 6, we added line A, last year's limit, to line E, total adjustments, and compared the resulting amount to line F, this year's limit. Finding: No exceptions were noted as a-result of these procedures. 3. We compared the current year information presented in the accompanying Appropriations Limit worksheet No. 6 to the other worksheets described in No. 1 above. Finding: No exceptions were noted as a result of this procedure. The Finance, Administration and Human Resources Committee of the Orange County Sanitation District September 6, 2000 Page 2 4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit worksheet No. 6 to the prior year appropriations limit adopted by the Board of Directors during the prior year. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines. Finding: No exceptions were noted as a result of this procedure. We were not engaged to, and did not, perform an audit, the objective of which would be the expression of an opinion on the accompanying Appropriations Limit worksheet No. 6 (or other alternative computation). Accordingly, we do not express such an opinio11. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the use of the District and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes. However, this report may be a matter of public record and its distribu ·on is not limited. A. B. c. D. E. F. ORANGE COUNTY SANITATION DISTRICT APPROPRIATIONS LIMIT WORKSHEET #6 FY 1999-2000 BUDGET LAST YEAR'S LIMIT ADWSTMENT FACTORS 1. Population % (average) 2. Inflation% Total Adjustment % ANNUAL ADIDSTMENT $ OTHER ADIDSTMENTS: Assumed Responsibility (Lost Responsibility) {Transfer to Private) {Transfer to Fees) Sub-total TOTAL ADJUSTMENTS CURRENT YEAR LIMIT $41,151,000 I 1.50% 4.53% 6.10%1 $2,875,ooo I $2,875,ooo I $50,026,000 I FAHR COMMITTEE Meeting Date To Bd. of Dir. 11/08/2000 AGENDA REPORT Item Number Item Number FAHR00-87 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources and Employee Development Originator: Lisa Arosteguy, Sr. Human Resources Analyst SUBJECT: LEADERSHIP TRAINING FOR MANAGEMENT GENERAL MANAGER'S RECOMMENDATION LEADERSHIP TRAINING FOR MANAGEMENT (INFORMATION ONLY) SUMMARY The Leadership Education And Development (LEAD) Team was formed in 1999 with a mission of developing leaders throughout the organization. The initial program will target management staff including supervisors, managers and executive management for a total of 70 participants. The goal is to ensure that leadership is consistently practiced throughout the organization in support of the District's vision, mission and guiding principles. The program goals are to build a shared vision, integrate the guiding principles throughout the organization, increase the trust level, increase ability to perceive the needs of others, develop a "leader as coach" approach and implement effective change strategies. This program will begin in January 2001 and conclude in June 2001. The LEAD Team will continue to develop leadership programs as an ongoing effort to develop leaders throughout the organization. The training program will consist of a 3-hour initial kick off meeting with approximately 70 management staff. Subsequently, there will be five 7-hour sessions. The 70 management staff will be broken into three groups, so each class will consist of 23 or 24 participants who will attend the monthly program. Two representatives from the LEAD Team are working in conjunction with Chapman University to tailor the training program and ensure it meets District specific needs. Previous assessments, surveys and other data are currently being reviewed and communicated to Chapman University for that purpose. Chapman University is currently developing courses specifically for the District's management staff. In an ongoing effort to provide communication on the topic of leadership, a web-site will be launched for management staff and employees to have access to Chapman University's program, on-line learning courses, leadership information, etc. H:lwp.dtalagendalFAHRIFAH~ Agenda Reports\FAHR00-87.doc Revised: 8/20l98 Page 1 PROJECT/CONTRACT COST SUMMARY Chapman University was chosen through a competitive process and was the successful vendor based upon price and scope. The cost for the program is $68,000, which includes 38 hours of training for each participant. BUDGET IMPACT ~ This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. 0 Not applicable (information item) ADDITIONAL INFORMATION NIA ALTERNATIVES NIA CEQA FINDINGS N/A ATTACHMENTS N/A H:\wp.dtalagenda\FAHRIFAH~ Agenda Reports\FAHR00-87.cloc Revi5ed: 8/20l98 Page2 • FAHR COM MITTEE AGENDA REPO RT Orange County Sanitation Drstnct FROM: Blake P. Anderson, General Manager Originator: Jim Herberg, Engineering SupeNisor Originator: I RWD Staff Meeting Date 11-8-00 Item Number FAHR00-89 SUBJECT: GROUNDWATER REPLENISHMENT SYSTEM, JOB NO. J-36 GENERAL MANAGER'S RECOMMENDATION This is an information item to discuss the October 17, 2000 Groundwater Replenishment System Phasing Proposal, prepared by the INine Ranch Water District and transmitted to the Orange County Water District under a cover letter from the Groundwater Producers, (an advisory committee of the OCWD). Director Swan has requested time to present this alternative to the FAHR Committee. SUMMARY The present implementation plan for the Groundwater Replenishment System (GWR System) includes three phases. Phase 1 of the GWR System would produce 70 million gallons per day (mgd) or 67,000 acre-feet per year (afy) of water when the project is placed in seNice in 2004. Phase 1 would also provide for 100 mgd of peak flow relief during heavy storm events, deferring the need for construction of a new OCSD ocean outfall. Phases 2 and 3 of the GWR System would add increments of 30 mgd (28,500 afy) by 2010 and 30 mgd (26,500 afy) by 2020 for a ultimate capacity of 130 mgd (120,000 afy). The alternate phasing proposal created by the I Nine Ranch Water District (IRWD) would implement the Phase 1 of the GWR System in three smaller projects (Phases 1A, 1B, and 1C). Phase 1A would yield 28 mgd of capacity (27,000 afy). Phases 1 Band 1 C would deliver 21 mgd of capacity (20,000 afy) each. At the completion of Phase 1 C, a total of 70 mgd of capacity (67 ,000 afy) of water would be produced for barrier injection and recharge. A summary comparison of the present GWR System plan and the phasing alternative is shown in the attached table. Under the phasing proposal, Phase 1A would commence on the same schedule as the currently proposed Phase 1, with the implementation of Phases 1 B and 1 C being considered later, as MWD water pricing and potential additional funding sources are secured for the project. Phase 1 A would provide facilities for replacement of Water Factory 21 and enhancing the seawater intrusion barrier, and would be constructed to handle 100 mgd of OCSD peak wet weather flows G:\nlglobal\Agenda Draft Reports\FAHRIGWRS NOV 00 FAHR.doc Revised: B/20/98 Page 1 To Bd. of Dir. Item Number to relieve outfall flows. As shown in the attached table, the alternate phasing plan assumes that $110 million in OCSD funding would be contributed for Phase 1A. The significant increase in funding percentages OCSD and OCWD is proposed by IRWD based on the reasoning that OCSD will gain the benefit of peak flow outfall relief upon completion of Phase 1 A. An additional $39 million of OCSD funding would be contributed toward the proposed injection well facilities in Phase 18. Phase 1 C would construct the pipeline to the OCWD groundwater recharge basins in Anaheim with no assumed contribution by OCSD. The primary differences between the currently proposed GWR System implementation plan and the phasing proposal are: • The alternate phasing plan provides for mid-basin injection in Phase 18. Mid-basin injection is not included in the current Phase 1 of the GWR System. Mid-basin injection is planned for Phase 2 of the GWR System. • The alternate phasing plan would produce less water initially than the present plan. Phase 1A would provide 28 mgd of capacity (27,000 afy). According to the alternate phasing plan, the schedule for implementation of Phases 18 and 1 C is uncertain and would depend upon MWD rates and securing alternate sources of funding. Phase 1 of the present GWR System plan would produce 70 mgd of capacity (67 ,000 afy) of water upon completion in 2004. • The proposed alternate phasing plan assumes that OCSD would contribute 85% ($110 million) of the local cost share to construct Phase 1A, while Phase 1 of the current plan includes an OCSD share of 50% of the local cost share ($148 million). • The unit cost of product water for Phase 1A under the proposed phasing plan is higher overall, but lower from a water agency viewpoint because OCSD provides most of the local funding. • The total cost of Phases 1A + 18 + 1C is $372 million compared with $356 million for the presently planned Phase 1. PROJECT/CONTRACT COST SUMMARY The OCSD CIP budget for the GWR System is $178.2 million. This represents a 50% share in the estimated project costs for Phase 1, less grants received. Total expenditures to date by OCSD are $3.36 million, representing completion of the planning and project development phases of the project. BUDGET IMPACT 0 This item has been budgeted . (Line item: ) 0 This item has been budgeted, but there are insufficient funds. 0 This item has not been budgeted. 1Z! Not applicable (information item) G:\ntglobal\Agenda Draft Reports\FAHR\GWRS NOV 00 FAHR.doc Revised: 8120198 Page 2 .. ADDITIONAL INFORMATION The Sanitation District has had an active reclamation policy for nearly forty years, starting in the 1960's with the building of secondary treatment facilities to reclaim water in partnership with the Orange County Water District (OCWD), long before the 1972 Federal Clean Water Act required secondary treatment. In the 1970's the Plant No. 1 Activated Sludge Secondary Plant was built, to supply high quality secondary water for Water Factory 21, which provides water for the seawater intrusion barrier. The Orange County Sanitation District's 1989 Master Plan provided for $77 million in water reclamation and funds for a new Ocean Outfall. The 1989 Master Plan was the launch mechanism for the Groundwater Replenishment System, which was developed concurrent with our 1999 Strategic Plan. Only then, were possible outfall savings tied with water reclamation. The District's reclamation policy goes beyond just water reclamation. It also includes funding water conservation; the use of digester (methane) gas as fuel for the production of electric power; and the reuse of biosolids as a soil amendment. Policy Issues 1. In October 1999, the Board of Directors adopted the 1999 Strategic Plan, upon the strong recommendation of the Planning Advisory Committee, which included partnership in the GWR System. Many members wanted the project enlarged, not reduced. The question now is should we stay with our adopted policy, or downsize the GWR System. 2. Should we change our policy of cost sharing to one where the District pays 85% of local share, and the Water District pays 15% for the initial Phase 1A as proposed by IRWD. ALTERNATIVES This information item discusses the current project and a proposed phased implementation approach. A comparison of alternatives is given in the attached table. CEQA FINDINGS The EIR was certified on March 24, 1999. A Record of Decision was issued on August 14, 2000. G:lnlglobal\Agenda Draft Reports\FAHR\GWRS NOV 00 FAHR.doc Revised: 8/20/98 Page? ATTACHMENTS 1. OCSD GWR System Alternative Comparison 2. OCSD 2000-2001 CIP Budget Detail Sheet 3. IRWD Powerpoint Presentation dated October 11, 2000 G:lntglobal\Agenda Draft Reports\FAHRIGWRS NOV 00 FAHR.doc Revised: 8120/98 Page4 Orange County Sanitation District GWR System Alternative Comparison Capacity $/Acre Foot (million gallons per day) Produced Capital Without Deduct for Option Reverse Ultraviolet Cost Grants OCSD OCWD Grants Cost to 1st Year Microfiltration Osmosis Disinfection ($millions) ($millions) Share Share and OCSD OCWD in Service Contrib. GWR System Phase I 80 70 70 $356 $57 149 149 $743 $500 2004 JRWD Proposed Phase 1A 70 28 70 $187 $57 110 20 $853 $361 2004 JRWD Proposed Phase 18 100 49 100 $102 $0 39 63 $744 $591 ? IRWD Proposed Phase 1C 100 70 100 $83 $0 0 83 $660 $660 ? ~d Outfall and No GWRS 0 0 0 $170 $0 170 0 --2008 NOTE: All costs shown in December 1999 dollars. There are minor differences between the proposals which are not examined in detail and do not have a significant effect. Year2020 Discharged To: (days/year) 78-lnch Santa Ana Outfall River 0.3 0.9 0.3 2 0.3 1.7 0.3 0.9 0 0 Provides Water To: Barrier (acre feet) 36,200 26,600 26,600 26,600 0 Upper Mid-Basin Basin (acre feet) (acre feet) 0 30,300 0 0 20,000 0 20,000 20,000 0 0 ~ -. Attachment 1 Rev. 10/31/00 2000-01 Budget Project Name & Number Groundwater Replenishment System -J-36 Project Category Water Management Projects Project Status: Revised Description The Groundwater Replenishment (GWR) Syste'Jl is a joint effort of the Otange County Water District and the Orange County Sanitation District to provide reclaimed water for replenishment of the Orange County Groundwater Basin and to augment the seawater intrusion barrier. The GWR System is planned for three phases: Phase 1 will produce approximately 50,000 acre-feet per year of recycled water by the year 2005; Phase 2 will increas~ the total capacity to 75,000 acre-feet by the year 201 O; and Phase 3 will increase the total capacity to 100,000 acre-feet per year by the year 2020. This project budget represents the Sanitation District's 50% share of the total cost of Phase 1. Funding sources for Phases 2 and 3 have not been identified. Water Management Projects Justification By diverting up to 100 million gallons per day of flow from the Sanitation District's effluent during peak winter storms, Phase 1 of the GWR System can help the Sanitation District defer construction of a new ocean outfall, estimated at $150 million. The GWR System is part of the Strategic Plan preferred alternative. The project budget has been revised based on the engineer's higher construction cost estimate developed in December 1999 during the preliminary design phase. This higher construction cost estimate has been presented to the Joint Cooperative Committee (JCC) of the OCSD and OCWD Boards. The JCC authorized the continuation of the preliminary design phase at the higher project cost. This cost estimate has the potential to be reduced by $28,750,000 by anticipated grants from the EPA, Bureau of Reclamation and State Water Bond. Budget Projections Total Budget Projected Phase Budget Design 12,047,000 Project Dev 2,000 Studies/Pmtg 919,000 Const Contract 131,500,000 Const Ad min. 3,891,000 Const lnsp 3,863,000 Contingency 26,000,000 Total 178,222,000 Reirrbursible Costs Cost To-Date 1,285,000 2,000 919,000 16,000 2,222,000 N/A 2000-01 2001-02 2002-03 2003-04 2,329,000 4,819,000 3,614,000 19,725,000 46,025,000 584,000 1,362,000 579,000 1,352,000 2,329,000 4,819,000 24,502,000 48,739,000 Annual Operating Cost Upon Project Implementation Annual Operating Savings Upon Project lmplementatio Section 8 · Page 164 2004-05 Thereafter 65,750,000 1,946,000 1,932,000 26,000,000 95,627,000 No/Unknown Impact No/Unknown Impact • en Q) ~ ~ LL © en ...c ·-co ~ l{) s <:( -go N ....._ (j) ~ 0 ~ -....... ....-... ..C CD @) co 0 ~ ......_ o en ~ 0 Lr.> LL © ~ co Y7-00 • f:P.J-<( a_m Y7-en ~ c.o LL LL 0 '3-ro ~ ~ ~ <.O ·-> -..c 0 lO C'J <.O ·-..p...1 ~ ("') <.O a.. ~ en ~ N II .. _ ~ en Q) ~ w-f:F.J-'"O en c CJ) 0 ..c LL 0) co ~ s <( E Q) N ~ (.) ......_ 0) ~ "-Cf) ~ @) ....._ 0 ....., LO ~ I'-s en ~ 0 ~ "+-~ Q) Y:J-';:f( • f:P.J-0 (/) co 0 ~ CJ co ~ 0 0 • lO N Q) () co I. 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Q.. ..a c (.) ...._... (_) ........, ~ ro Q) :J Q) c ......, () 0 z c 0 0 <( ......, --CD c c z I <( I ::) • • •• ·~. Additional Grant Funding Phase 18 Base Case Assumptions Interest @ 6% Repayment @ 25 years Power@ $0.08/kwh MWD Local Project Funding Assumptions Contribution = $125 I AF Amount= 40,000 AF LL' 700 ~ ~ 600 MWD Non- ~ .---Additional Capital Grants Interruptible o 500 Rate ($435/AF) ~ / (1) ....... ro s ....... (.) :J "'O e a.. 0 s u 0 400 1 Capital Grants ____,.. plus MWD LRP $344@$63M 300 I @!!2.5~. -. -. -. -. -f-. -. ma·ii!oM . --.· $21s@$63M-.' 200 f ~~~, 100 oL~-t-~--+-~---t-~~t--~-+-~: $OM $25M $50M $75M Additional Capital Grant Funding Additional Grant Funding Phase 1C Base Case Assumptions Interest @ 6% Repayment @ 25 years Power @ $0. 08/kwh MWD Local Project Funding Assumptions Contribution = $125 I AF Amount= 40,000 AF U:-700 ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~ ~ 600 Additional Capital Grants • ~ WD Non- ~ 500 Interruptible '2 Y ate ($435/AF) 2 400 ro lfc~a~p~it~al~G~r~a~nt~s--t~~~~~!!lllo..,....._:::-.----:~:-::::::-:~-:--~~~~~~-=--=-:~ ~ 300 plus MWD LRP $334@ $83M g @ $125/AF "'O ~ ~:: I ~~~.~i:~~?~~ 7' · $209@$83M u 0 0 $OM $40M $83M Additional Capital Grant Funding ··-------1 1101 01000 1 ~~eral Manager 158,000 2,922 1 1,313 192; 172 450 1821 608 1 12 8,906 t 1,250 8,000 I 5.111 187,117 !!_DLQ1000 Director orEngfneerlng__ 125,971 6,661 1,313 192 172 450 __ 1~2 608 . 12 7.320 1,250 7,704 .._ 5.~9-t·---·--+----•---+--------2:423 ~9]25 2101 01000 Director of Finance 116,763 6.661 1,313 192 172 450 182 608 12 1,265 1,250 7,593 5,254 l----+-----.---+------9.779 -~493 ~~~~~~~ra~s --~~.a~ 2,M1 1 1,313 1~ 172 ~ 1~-+---~M~8 ____ 12 ___ 7~,o_7_641 ______ 1~2_5_o ___ 7~.4_3_5 ___ 5_._~_a~---------~-----_3._0_~ ___ 15_1_.1_n_ 910 01000 iDirectoroflnfo.Technology 123,860 1.925 526 192 172 -182 608 12 7,067 1,250 7,432 5,574 -148,798 610 01000 Direclor ofTechnical ServicSS--117,168 4,619 1,313 192 172 • 182 608 12 6,685 1,250 7,030 5,273 I -144,504 510 01000 iDirectorofHuman Resources 103,000 2,881 526 192 172 • I 182 608 12 5,877 1,250 6,180 4,635 ' -125,513 310 01000 1DirectorofCommunications 89,251 2,881 526 192 , 172 -182 608 12 4,873 1,250 5,355 -105,301 221 02000 !Controller 100,595 4,619 1,313 192 172 450 I 182 I 608 12 6,157 1,250 4,329 4,527 I 7,641 132,047 730 02000 ;construction Manager 104,137 2,881 1,313 192 172 450 182 I 608 12 5,942 1,250 4,165 I 4,686 : -125,990 640 02000 1Source Control Manager 94,594 6,661 1,313 192 172 450 182. 608 12 5,706 1,250 4,010 4,257 l ' 5,657 125,063 221 02000 Accounting Manager 88,833 6,661 1,313 192 172 450 182 608 12 5,651 1,250 I 3,980 3,997 i 10,675 123,976 620 02000iEnv.Compliance&MonitorMgr 94,607 6,661 1,313 192 1 172 450 182 608 12 5,596 1,250 1 3,930 4,257 I I 3,632 122,861 930 02000 Information Technology Manager 88,708 6,661 1,313 192 I 172 450 182 608 12 5,406 1,250 3,875 l 4,242 I 2,102 i , 6,067 121,239 8201 02000 ,Engineering Manager 96,254 6,661 1,313 192 172 450 182 608 12 I 5,506 1,250 3,850 4,581 I -121,030 880 02000 /Engineering Manager 96.254 6,661 1.313 192 172 450 182 608 12 5,492 1,250 3,850 4,331 • 120,767 950 02000 !Plant Automation Manager I 92,566 I 4,619 1,313 192 172 450 182 608 12 I 5,528 1,250 3,904 4,416 I I 1 774 1 4,268 120,254 940 02000 lnformationTechnologyManageri 88,708 4,619 1,313 192 172 450 182 608 12 I 5,296 4,690 1,250 3,720 4,242 I , 247 I , 4,047 119,748 850 02000 Maintenance Manager 89,900 6,661 I 1,313 192 172 450 182 I 608 I 12 5,129 5,943 1,250 3,596 4,046 I I -119,454 650 02000 Safety /Erner Resp Manager I 89,307 J,232 1 1.313" 192 172 I 450 182 608 12 5,470 1,250 3,917 4,269 I 1 1,997 i ' 6,612 118,982 ~8_40~~0~2~0~0~0~0--'--pe_r_at_io_n_s_M_a_n_a~ge_r ____ _,__ __ 94~._9_31_._ __ 2~,8_8_1 41 __ 5_26--1---1_92-+-__ 1_7_2-+-__ 4_5_0-+-__ 1_8_2~1 ___ 6_0_8-+-__ 1_2-+---5~,5_82--1----+---1,~2_50--1-__ 3._9_41--1---4-·5_2_2_,.__ __ -+-____ ; __ 8_0_5~i ____ ' __ 2_,7_8~2 1 __ 11_8~,8_3_5_1 430 02000 !Maintenance Manager , 91,580 6,661 1,313 192 172 450 182 608 12 5,362 1,250 I 3,776 4,371 i 1 574 2,246 118,749 720 02000 Engineering Manager 97,500 I 4,134 I 1,313 192 I 172 • 182 608 12 5,536 1,250 3,900 3,900 I 1 • 118,699 620 02000 Env.Compllance&MonltorM!Jr 95,056 6,661 1,313 1921 172 i 450 182 608 12 5,314 1,250 3,893 1 1 2,267 117,369 631 02000 Laboratory Manager 94,596 2,881 1,313 192 172 -182 608 12 5,397 1,250 3,784 I 4,257 ! I I 1 • 114,644 230 02000 Contract& Purchasing Manager 93,837 2,881 1,313 192 172 • 182 608 12 5,360 1,250 3,758 4,223 i ' 102 113,889 222 02000 Accounting Manager 88,833 2,922 1,313 192 172 • 182 i 608 12 5,243 1,250 2,761 3,997 ' , 3,198 110,682 730 03000 Engineering Supervisor 97,691 2,881 1,313 192 172 450 182 608 12 5,502 1,250 3,023 3,079 116,354 730 03000 Engineering Supervisor 98,756 2,881 526 192 172 450 182 608 12 5,513 1,250 3,029 I -2,222 115,793 720 03000 Engineering Supervisor 86,734 6,661 1,313 192 172 450 182 608 12 5,235 1,250 2,901 825 I 9,151 115,687 640 03000 Engineering Supervisor 91,343 6,661 1,313 192 172 450 182 608 12 5,107 1,250 2,806 1 -, 2,196 112,292 634 03000 LaboratorySupervisor 87,441 6,661 1,313 192 172 450 182 608 12 4,987 1,250 2,740 • · 3,888 109,895 720 03000 Engineering Supervisor 90,886 6,661 1,313 192 I 172 • 182 608 12 4,962 1,250 2,727 I -I -108,964 640 03000 Engineering Supervisor 94,594 2,881 526 192 172 450 182 608 12 ) 5,165 1,250 2,838 I · I -108,869 632 03000 Laboratory Supervisor 90,465 4,647 1,313 192 172 450 182 608 12 5,025 1,250 2,761 1 • I I 1,566 108,642 840 03000 Sr. Operations Supervisor 83,992 6,661 1,313 192 172 450 182 608 12 4,693 1,250 2,671 250 ' 3,331 I I 1,718 107,496 720 03000 Engineering Supervisor 90,413 3,232 1,313 192 172 -182 608 12 4,950 1,250 2,712 250 I • -105,286 860 03000 Senior Maintenance Supervisor 85,617 4,647 1,313 192 172 I 450 182 608 12 4,819 1,250 2,657 250 i i 556 1 2,398 105,122 830 03000 Sr. Operations Supervisor 86,844 2,881 526 192 172 450 182 608 12 877 1,250 2,756 250 1 752 4,278 102,029 840 03000 Operations Supervisor 74,982 6,661 1,313 192 172 442 182 608 12 4,217 1,250 2,510 250 I 6,705 1 1,994 101,489 631 03000 Laboratory Supervisor 86,000 2,881 526 192 172 450 182 608 I 12 4,752 443 1,250 I 2,611 I 1 -I : 1,042 101,120 720 03000 Engineering Supervisor _ 85,001 4,619 1.313 192 172 • 182 608 12 4,641 1,250 2,550 • i -100,540 830 03000 Operations Supervisor 75,666 4,134 1,313 I 192 172 446 182 608 12 4,170 1,250 2,515: 250 I 7,694 457 99,061 830 03000 ,Operations Supervisor 78,441 4,647 1 1,313 192 172 I 450 182 608 12 I 4,297 1,250 2,479 J 250 I 4,186 I 1 • 98,477 850 03000 !Senior Maintenance Supervisor 79,271 6,661 I 1,313 192 172 450 182 608 12 4,328 1,250 2,378 1 I -I -96,817 860 03000 Maintenance Supervisor 73,129 4,134 1,313 192 172 431 182 I 608 12 4,338 I 1,250 2,395; 250, 633 i ! 6,081 95,120 840 03000 Operations Supervisor 74, 179 6,661 1,313 192 172 438 182 608 12 4, 142 _ 1,250 2,318 I I I 1,382 1 1 1,690 94,539 430 03000 !Senior Maintenance Supervisor I 80,130 2,881 526 192 172 450 182 608 12 4,433 I 1,250 2,435 I 1 I --, ----,--1,-.o,...,5""2-1---9,--4,--,3,...,2"'2-t 10/24/2000 5:10 PM BHC Page 1 of 11 gbenstmt • 10-16-00 bhc Orange County Sanitation District 1 Salary And Benefit Analysis At 10/18/00 --- ~;:-~--,-____ ·---==E, ~ Insurance 1 Extra-: Annual Div. -Benefit! -Annual Flat Flat Flat Flat I Flat l Flat I Flat Flat Percent I Pere!:.!!!_ ".'l~se --=---~Ordinary I Leave _ No. I Group I Position Salary Medical Dental Life STD LTD Vision W. Comp I EAP OCERS Tuition I BOP llS Building Shift Dif St< . . - 860 03000 \Maintenance Supervisor __ 75,005 1 4,647 1,313 i 192 · 172 I 443 i 182 608 12 , 4,117 I 1,2_50 I 2,274 I 250 !__ _ _ _ 649 ___ '1_5_! __ 91,264 420 03000 Senior Maintenance Supervisor 72,349 4,647 1.313 192 172 427 \ 182 GOB ~ 12: 4,112 1,250 1 2,26~ _250 1. ____ • 522 ___ .2.708 ___ Jl_~-~9- 840 03000 Operatlans Supervisor 68,160 1,826 526 192 172 402 I 182 608 12 l 3,914 1.250 2.,357 .I • 250 1 7,127 I 3,277 90,254 730 03000 SpvsrCanstructionlnspector -·-73,451 1 4,619 1,313 ; 192 172 433 182 608 12_J 4,010 1,250 I -~~~1---r -_ == 318~----_----8B,773 633 03000 laboratorySupervisor 74,081 2.881 526 192 172 437 i 182 608 1 12 1 4,150 1,25~2.280 I __ -·---~ _ ------~~ ______ 8~-~93_ 640 03000 Source Control Supervisor 77,815 I 2,881 526 192 172 450 1 182 608 12 I 760 ! 1,250 I 2.,374 . q 1,313 88,533 730 03000 SpvsrConstruction Inspector ·--73:491] 4,647 1,313 192 172 434 I 182 I 608 12 \ 4,013 1 1,250 I 2,205 --' --r ---~ -----88~5-i"Ef 430 03000 Maintenance Supervisor i ~530 J 6,661 1,313 192 172 381 I 182 608 12 I 3,876 1,250 2."f3g-'. -2501 -~-~I =-582 6,205 __ 88..'..~~} 860 03000 JMaintenanceSupervisor _ 71,997 1 4.619 1 1,313 192 172 425 1 182 608 12 , 3,980 1,250 , __;187 1 __ =L ____ I -~--~·83_?_ 860 03000 Mainteriam:e Supervisor ___ 73.~ 2,881 526 I 192 172 436 182 608 12 1 4,054 1.250 ., 2,228 ! __ --=I _ _ -~ -341 --~~~ 850 03000 Maintenance Supervisor 68,184 \ 6,661 1,313 192 172 402 I 182 608 12 I 3,723 1,250 2,046 --84,745 840 03000 Operatfons Supervisor 67,259 I 6,661 1,313 192 172 397 I 182 608 12 I 3,686 1,250 '. 2,028~ 25.9_ --J--=.__ 356 _ __ _ __ -_ _ __ 84.3~?. 830 03000 fOperatians Supervisor 66,724 J 6,661 1,313 192 172 394 I 182 608 12 1 3,657 1,250 2,002 250. ;f --83,416 430 03000 Maintenance Supervisor 64,530 2.~22 1 1,313 1 192 172 381 \ 182 608 __ 12 , 3,732 1,250 1 ~.9_?1 r ---_-__ -I_----:-i=----r-3.8.30 --81,174 850 03000 IMaintenanceSupervlsor 64,921 , 4,619 1,313 192 172 383 1 182 608 1 12_1 3,558 1,250 1,964 . __ 250E--! ··---563) _____ j_ _-___ 79.~86 830 03000 IOperalionsSupervisor ________ ~8,153 1.826 526 \ 192 172 402 \ 182 608 12 ! 3,735 1,2so 1 __ 2,045 250 ____ ·-l< _-__ I _::__ 79,352 420 03000 \Maintenance Supervisor 65.676 l 2,881 526 192 172 387 I 182 608 12 ( 3,659 1,25Ql 2,003 I 250 I • -I I 1,080 __ _78,82._6 230 03000 \WarehouseSupervisor ~94 2,881 526 192 172 374 1182 608 12..! 3.461 I 1,2?_0 1 1.902 J ____ ~. _____ l__-__ ·-----__ 74,953 230 03000 IContracVPurchasing Supervisor 60,464 2.881 526 192 172 357 I 182 608 12 , 3,315 275 1.250 I 1,814 1 250 I --72,296 8401 03000 !Operations Supervisor _____ 58,710 __ 2,881 I 526 192 172 346 182 608 12 3,298 1,250 1.B2o-_!--2so 1---r 'I---,--5oa·----=-~ 1~4~ _ -72,194 830 03000 :Operations Supervisor ___ 58,710 1,826 I 526 I 192 172 -I 182 608 12 : 3,292 I 1,250 1.834 L _______ I __ I -~--; _J..581 __ -2_~_2 730 04000 SenrorEngineer 87,768 6,661 I 1,313 : 192 172 450 I 182 608 12 5,029 1,000 1 2.,763 1 I I • T 4.333 110,482 930) 04000 liT Strategic lmplmntn Leader _ 86,439 2,881 1.313 192 172 450 j 182 608 12 ' 5,029 : 978 , 1.000 I 2,773 250] ___ i-_:_.l 56i ---I 5,425 -108~264- 880 04000 lseniorScienlisl 86,603 4,647 1,31 3 192 172 450 182 608 12 · 4,940 1,000 2,715 1 I · 3.881 106,714 8201 04000 'Senior Engineer -, 90,798 3,232 1 526 192 172 -I 1s2 608 12 4.971 1.000 2,746 • 250 1 : 745 I -·-105.434 l110I 04000 1AssttotheGeneralManager · 86,734 6,661 1,313 192 172 -182 608 12 4,736 ' 1,000 1 2,602 ----·---,-.----104,211 720 04000 !Engineer -78,589 6,661 1 1,313 192 172 1 450 ! 182 j 608 L 12 4,623 I 1.000 2,540-; I ' I -=i--6,091_ 102,433 7201 04000 !Engineer 85,062 4,647 I 1,313 I 192 I 172 I -182 I 608 ' 12 4,644 I 1 1,000 ' 2.570 1 1 I 613 -101,015 6501 04000 iPro]ectSpeciallst -I --79,560 1,925 \ 526 -192 ----:rn-t 450 182 608 . 12 -4-;-631 3,798 1,000 I 2,544 . !. I -,~,253 100,852 9401 04000 IT Strategic lmplmntn Leader I 83,500 6,661 1,313 192 172 -182 I 608 · 12 4,559 1,000 I 2,505 I 1 1 -I • 100,703 950 04000 \Project Specialist ---76,893 6,661 1,313 192 172 450 182 I 608 12 _____ 4.441 1,000 l 2.449 250 : 555 I 4,194 99,372 730 04000 .Senior Engineer 1 85,498 2,881 526 192 172 I 450 182 608 ___ 12 4,668 1,000 2,565 I _l ____ '. __ ___::______ -_ 98,753 930 04000 !Project Specialist . 83,986 6,661 1,313 192 172 450 182 608 12 809 1,000 2,520 ...--250 I --98,154 620 04000 Senior Scientist I · 82.509 4,134 1,313 192 172 ' 450 I 182 608 12 4,505 1,000 2,481 1-----198: -1 ---97,757 730 04000 1SeniC:Jr Engineer I 82,366 2,881 526 192 172 450 182 608 12 \ 4,593 I 1,000 2,524 I --T --· 1 I __ 1',751 ---97,255 1 880 04000 Senior Engineer t _79,356 4,619 1,313 I 192 172 _ -~50 1~-608 _ 12 I 4,457 I 1,000 1 2,449 I ___ ·I ___ _: :-=-== ~---~~-' _ 2,280 ___ _9_!,089~ 1 730~000 Engineer ____ 77,927 6,661 ~--192 _.:12? __ -_1~ --~--12: ___ ~~ 884 \ 1,000 ___ 2.338T _ _ __, _ ~---·--____ ! _·_ 95.5~ _6~0 ~~E. Project Speclallst _ l-77,50_? _ 4,64!_ ~ ~2 _ 12_2 _ ~~o ~82 608 : _ 12 '. ...!.'}_7 ·-_ --2:_000 I 2,490 , _ T ! .. · . i 5.485 94 ,852 ;120 04000 .Pn'ncipal~g_ineeringAssoc. __ 8~59-: 1,826 ~313 _:1 92 1 172 ___ 4_50J_ 182 __ 608 1 __ 12 : 4,455 !--_j 1.000 1_2,448 1 -1-l __ • _: --··--I ____ 94,25_? 1860 0400Q_f~jectSpecialist -· , 82"!'5_ .4.647 _1,3!'~ 192 ___ I72 -~50 I _1_82 __ 608 __ 12 ! _791 ! _ I 1.000 ,_2c..472 j 1 • --· 217 .. __ 9~~40 ~~00.Q. Prin~eal Accountant _. -· 1 68,345 _ 6.6~ _1,313 _ _:1§_2_ 172 -~03_! ~~ _ 608 ___ 12 : 4.160 1 _ I ~oo I _ 2.286 \ I · . _ 7.85~ __ 93,1~7 730 04000 Engineer I 78,150 I 4,647 1,313 192 172 -182 608 12' 4,267 I 1,000 2,344 I l --92,886 ,EQ._0~000 Pr~j~c~Speciallsl -: 78.146 -4,619 1,313 192 -1I_2 ~ • r 182 -608 -1i: 4,267 1 ---1.oocq -= 2,344 I '. i -_ r -. ' 92,854 820 04000 Senior E;ngineer 78,751 4,647 . _ 526 192 ~ 172 -. 182 608 12 I 4,300 . 1,000 I 2.363 • -: 92,751 950 04000 Assocfate Engineer Ill 73,661 , 6,661 1,313 192 172 -182 608 12. 4,036 ! 895 : 1,000 i 2,253 I 250 I 1.434 : -92,668 620 04000 Senior Regulatory Specialist 75,527 4,619 1,313 1 192 172 I 446 I 182 608 12 4,231 1.000 2,325 1 -· 1,957 92.582 860 04000 1jProject Specialist 77 .875 2,881 52G 192 . 172 450 182 608 12 4 ,335 ' · 1 .ooo ' 2,382 1 -• 1,516 92.130 6 2oi 04000 Senior Regulatory Special1::;1 71 ,334 6,661 i 1,313 192 I 172 ' 421 I 182 608 ' 12 ' 4,062 1.000 · 2.239 250 ' 480 ' 2,812 91,737 10/24/2000 5:10 PM BHC Page 2 of 11 gbenstmt · 10-16-00 bhc .------Orange County Sanitallor:i District ----------------------------- --~· ------------~I'!')' And Ben~flt Analy~~ ----------------At 10/18/00 ------T 1----L-; -t Extra-~--.:...TAnnual ' -f---I Insurance ---- Div. Benefit Annual Flat I Flat I Flat I Flat I Flat_, Flat I Flat I Flat Percent Percent Non-Base Ordinary Leave --------No. Group Position Salary Medical Dental ' Life I STD LTD Vision W. Comp · EAP O CERS Tuition BOP us -Building Shift Dif Standby rservices1 Overtime i Payout -ro~ 222 04000 : Principal Financial Analyst 77,087 4,647 1,313 192 172 -182 608 12 4,209 I 1,000 2,313 I -' -91,733 730 04000 Engineer 77,199 1 2,881 1,313 192 172 450 182 608 12 4,241 1;000 2,348 575 I I 482 91,655 720 04000 1Prirtcipal Engineering Assoc. 76,962 4,647 1,313 192 172 450 182 608 12 756 1,000 2,366 250 389 1,517 90,814 632 0 4000 !scientist 70,801 6,661 1,313 192 I 172 418 182 608 12 4,003 1,000 2,199 -2,510 90,070 720 04000 Engineer 73,401 6,661 1,313 192 172 -182 608 12 4,008 1,000 2,202 --89,750 950 04000 1Engineer 74,000 3,232 2,625 192 172 -182 608 12 4,040 895 1,000 2,220 --89,178 850 04000 Project Specialist 74,990 2,881 1,313 192 172 442 182 608 12 4,144 1,000 2,277 -913 89,126 222 04000 Principal Financial Analyst 77,087 1,925 1.313 192 172 -182 608 12 4,209 1,000 2,313 --89.011 720 04000 !Engineer 71,641 6,661 1.313 192 172 423 182 608 12 3.912 1,000 2,158 276 -88,548 430 04000 Principal Accountant 75,005 2,881 1.313 192 172 443 182 608 12 4,095 1,000 2,250 -. 88, 152 860 04000 Project Specialist 73,511 4,134 1,313 192 172 434 182 608 12 4,030 1,000 2,214 -303 88,106 640 04000 Project Specialist 73,310 4,619 1,313 192 172 432 182 608 12 4,003 I 1,000 2,199 --88,041 820 04000 Engineer 72.588 4,619 1,313 192 172 428 182 608 12 3,977 1,000 2,178 250 -I -87,518 634 04000 I Scientist 70,075 2,881 1,313 192 I 172 413 182 608 12 4,053 1,000 2,233 202 I 4,151 87,487 720 04000 Project Specialist 71,359 4,647 526 192 172 421 182 608 12 4,003 1,000 2,192 250 -1,715 87,278 880 04000 Associate Engineer Ill 73,455 2,881 1.313 192 172 433 182 608 12 4,011 1,000 2,204 --86,462 730 04000 Project Specialist 71,525 4,647 1,313 192 172 422 182 608 12 3,905 1,000 2,155 309 I -86,442 940 04000 I Project Specialist 71,148 2,881 526 192 172 -182 608 12 4,048 1,000 2,223 250 205 j I 2,736 86,183 640 04000 Associate Engineer Ill 62,806 6,661 1,313 192 172 371 182 608 12 3,795 1,000 2,085 -I 6,696 85,891 880 04000 I Project Specialist 73,395 2,881 526 192 172 433 182 608 12 4,007 1,000 2,202 --85,609 620 04000 Scientist 68,806 6,661 1,313 192 172 406 182 608 12 3,757 1,000 2,075 I 364 I I -85,548 221 04000 Principal Accountant 67,132 2,881 526 192 172 396 182 608 12 3,988 1,000 2,191 -I 5,911 85, 191 730 04000 Engineer 70,096 2,881 526 192 172 414 182 608 12 3,974 1,000 2,183 . 2,685 84,923 310 04000 Secretary to Board of Director 68,305 6,661 1,313 192 172 403 182 608 12 3,729 1,000 2,049 -. 84,626 950 04000 Associate Engineer 111 71,564 2,881 526 192 172 . 182 608 12 3,921 1,000 2,171 250 791 -84,269 640 04000 Pr. Environmental Specialist 67,816 6,661 1,313 192 172 400 182 608 12 3,703 1,000 2,034 --84,093 640 04000 Engineer 67,059 6,661 1,313 192 172 396 182 608 12 3,700 1,000 2,033 . 712 84,039 631 04000 Project Specialist 70,818 3,232 1,313 192 172 -182 608 12 3,880 1,000 2,131 250 230 I -84,020 420 04000 Project Specialist 68,530 3,232 1,313 192 172 404 182 608 12 3,837 1,000 2,116 250 494 1,499 83,841 930 04000 Programmer Analyst 64,817 4,134 1.313 I 192 172 382 182 608 12 3,796 1,000 2,090 250 374 4,463 83,785 850 04000 Project Specialist 67,271 6,661 1,313 192 172 397 182 608 12 3,673 1,000 2,018 --83,499 720 04000 Associate Engineer Ill 71,082 2,881 526 192 172 419 182 608 12 3,881 1,000 2,132 --83,087 720 04000 Engineer 70,907 2,881 526 192 172-418 182 608 12 3,872 1,000 2,127 --82,896 720 04000 Principal Engineering Assoc_ 64,391 6,661 1,313 192 172 380 182 608 12 3,583 1,000 1,999 991 1,238 82,721 650 04000 Safety I Erner Resp Specialist 71,999 1,826 526 192 172 -182 608 12 3,931 1,000 2,160 -. 82,608 720 04000 Engineer 70,624 2,881 526 192 172 417 182 608 12 3,856 1,000 2,119 -. 82,588 930 04000 Programmer Analyst 68,001 4,619 1,313 192 172 -182 608 12 3,713 1,000 2,040 . . 81,852 880 04000 Project Specialist 63,906 6,661 1,313 192 172 377 182 608 12 3,590 1,000 1,973 . 1,850 81,835 950 04000 Programmer Analyst 67,142 4,647 1,313 192 172 396 182 608 12 3,666 1,000 2,014 I --81.344 620 04000 Sr Environmental Specialist 61,857 6,661 1,313 192 172 365 182 608 12 3,486 1,305 1,000 1,921 I 178 1,997 81,250 632 04000 Scientist 66,398 2,922 1,313 192 172 392 182 608 12 3,747 1,000 2,059 -2,235 81,231 640 04000 Engineer 69,276 2,881 526 192 172 409 182 608 12 3,783 1,000 2,078 I --81.118 930 04000 Telecommunications Specialist 65,322 4,134 1,313 192 172 385 182 608 12 3,621 I 1,000 2,024 J 1,131 1,005 81, 101 940 04000 I Programmer Analyst 61,915 4,647 1,313 192 172 365 182 608 12 3,650 1,000 2,008 I 85 4,938 81,086 634 04000 Scientist 69,021 2,881 526 192 172 407 182 608 12 3,769 f,000 2,071 I --80,839 620 04000 Scientist 61,965 4,619 1,313 192 172 -132 I 608 12 3,383 5,250 1,000 1,859 I . . 80,555 940 I 04000 I Programmer Analyst 66,560 4,619 1,313 192 172 -182 608 12 3,634 1,000 1,997 . -80,288 7201 04000 !Engineer 67,001 I 4,134 1,313 192 172 -182 I 608 12 3,658 I 1,000 2,010 -I I -80,282 10/24/2000 5:10 PM BHC Page 3 of 11 gbenstmt -10-16-00 bhc Orange County Sanitation District _ _ Salary And Benefit Analysis __ _ ____ _ --At 10/18/00 =-1 _ --~ ~--__ ------= Insurance I ---,-===m ---:---==::--=--~~x:1ra: _ \ _ -l An~ua~, ---=-= - ~v. Benefit; _ ~nnual _ Flat Flat Flat Flat I Flat Flat I Flat 1 Flat Percent I _Percent __ j_~ol'l-~il~~ _ _ '. ___ -~dinary ! _ Le~e-__ _ NOlGroup 1 Position Salary Medical Dental Life STD LTD Vision I W. Comp EAP OCERS I Tult.ion I BOP llS i Building Shift Dif , Standby1 Services1 Overtime Payout Total 430 04000 IProjectSpeclalist ! 65,982 4,619 ; 1.313 192 172 ! 389 182 608 12 3.603 I I 1.000 1,979 i j 1 -80,050 632 04000 1Prfncipatlati &R.es.Ana\Yst ~-61.148 4,619 -1,313 192 1 172 361 182 608 ~ __ 1~--3,339 1 I 1,000 1,986 --_ -I__ 1 5,056 ! J __ :_~ _-79,987 8601 04000 IProjeclSpeoialist___ . 68,259 1,925 1 526 J 192 I_ 172 403 182 ! 608 12 3,727 I 1,000 ,. 2,048 -J~ _ , _ 79,053 940 04000 -Programmer Analyst 66.5~_3,232 1 1.313 192 1 172 -, 182 · 608 i 12 3,634 I I 1,000 1.997 --78,901 634 04000 I Prfncipallab.SRes.An~lyst -I 6TI48 i 6.661-·1 Ll13 I-mr-172f----361 I 182 608 ' 12""'~352 1 I 1.ooo+--{87i _-_ 25§ -I' 1,408 1 I ~-~ 78.535 950 04000 IProgrammer Analyst _ t 62,061 4,134 I 1 ,31~ 192 1 _ 172 366 182 608 ___ 12 3,505 1 I -2.:_000 ~-~ 250 I . 1-~37 I 1_:~7~ ~8~5- 930 04000 ,Programmer Analyst • 63,891 I 4,619 1 1,313 I 192 ! 172 377 I 182 608 12 3,490 I 1.000 ' 1,918 j -j 31 77.804 820 04000 1Senior FinancialAnalysl -62.947 I 4,647 I 1,313 ' 192 I 172 371 I 182 608 f2 3.478 : I 1,000 · 1,911 --· ------. --161 77.595 930 04000 1 Compu~r':!_ardwareSpecial1st 60,925 '. __ 4~9 1 1,313 I 192 J 173 359 I 182 608 12 3.433 1,000 1 ~oo -=----~5_:Qj __ -·1_ 1~ 703 , ~I !.60~ -77,371 820 04000 1Associale Engineer Ill 60,5_03 6,661°T1,313 I 192 172 357 I 182 608 12 3.309 1,045 1,000 _ 1,818 1 100 -77.272 950 04000 Programmer An. alts! 63,340 1 2,881 I 1,313 I 1 ~2 I 172 374 I 182 608 \ 12 3,538 1.000 I 1~--=_ 250 1 _ -=1~. _ I -137 : I f3oI _ -77.I"3~ 420 04000 ·seniorAdmiriistrativeAnalyst ~ 64,168 2,881 ' 1.313 I 192 I 172 379 I 182 608 12 3,504 I 1,000 1,925 --76,334 63304o~01Principal lab_!il.es. Analyst 61,1~8-_2.88'!___ 52~1 192 1 172 361 ! 182 608 _ _gj::_~~1__ I 1.000"'"! 1,9S6=i-_--~ J _ . -----1 ~ 3]63 1 -_-:-_ 76.2~2 ~50' 04000 1ProgrammerAnalyst __ 6_:.'.3.891 _ 2,881__ 526 192 I 172 377 1 182 608 _12 ! 3,532 I ~00~ __ 1,940 __ I _ _ __ .. _:_ _ 1 I _79~ __ 76,102 aso ! 04000 '~~~cl Spec1allsl --64,68~_! ~26 .: 1,313 1 192 I 172 382 182 608 12 i 3,532 I 1,000 1~ --I 1 --_ I -__ : -~8 420 04000 ProjectSpeclallsl 61 ,764 4,619 1,313 I 192 1 172 364 I 182 608 12 I 3,372 125 1,000 1,853 I l--_ I -75.575 930o4ooo IProgramiiieiAnalyst --· -63.f9o---3-:232-----:;-:313 I 192 r 172 -I 182 608 I 12T"""-3-:-461 I I 1,000 ·--1-.902T ___ ., I • -1--------75,463 940 04000 !PrOgrammer Analyst _~_ !-63-:S.o9 _ 2,881 526 I 192 172 I 375 ' 182 608 12 ~472 I 1,000 1.908 : -:::_-~ -87 ·-=-" ---1--r-~-.: --=-74:9?2 632/04000 ,Prlncipallab~R~Analy~t ___ 61.148 ~ __ 2~81 . 1,313 +-192 1 172 361 182 608 1 12_1_ 3.339 431 1 1,000 : 1,876 1 --, ----1 _!.39_3 : ' ___ 7~.:907 940 04000 1ProgrammerAnalysL _____ ' -~0:3_?1 4,134 1,313 1 192 172 355 182 608 12 1 3,30_3 1 1,131 I 1,000· 1,812 , __ 2~ _____ !65 \ _ I _____ !.~:..881 6201 04000 Associate Engineer Ill -~2.038 1,925 52?_! __ 193_! 172 182 1 608 I 12 1 __ 3_,44~ 1,468 I 1,000 1,8~1--_ _ _ __ ~_I __ _-_ 1 ~32.__ _ 74,597 632 :04000 I Pri~~~pallab.&Res.Analyst 61.1 ~. 2,881 1,313 1 192 1 172 ! 361 1 182 608 12 : 3,339 1 , 1,000 1.879 _ l ___ l I ! .. 476 ___ _ ______ 74 .~61 650 f 04000 1Safety Represematlve I 59,958 j 1,925 526 I 192 172 354 : 182 608 I 12 3,495 I ~o 1,920 I --i--_ __:. ____ I _ 1 ~o~ 74.400 720 04000 !Principal Engineering Assoc_ 63,091 2,881 526 192 1 172 372 182 608 1 1~ 3.445 i 1,000 1,893 I -I ____ J ___ ! _ __:____L __ I -74,372 720 04000 !Engineer I 60,834 ' 2,881 526 192 172 359 182 608 I 12 I 3,322 2,000 : 1,000 1,838 ____ _'.__ _ --·~---l~ ; __ -+----~.363 650 04000 Safety Representative 59,958 I 4,619 1.313 192 1 172 354 1 182 608 I 12 3,287 I 1,000 1,810 I 250 1 i I 389 ,-74,146 640 04000 Associate Engineer II I 60,830 I 4,647 1,313 192 ' 172 -. 182 608 12 ' 3,321 1,000 1,825 +---, ---;---· ----------, -----· --· -74.101 620 04000 .Associate Englneer ll I 58,479 1 6,661 1,313 192 172 345 1 182 1 608 1 12 1 3,193 I 1,000 : 1,754 -;--------,-----:.·---=---=~-=----_ 73.911 634 04000 Principal Lab. & Res. Analyst I 61,148 I 2,881 526 192 172 361 182 608 12 l 3,349 I 1,000 1 1,865 1 j ' 820 __ !_~ 73.310 7201 04000 Associate Engineer Ill I 63.001 I 1,826. 526 192 172 -i 182 608 12 3.440 I 1,000 1,890 -~ 1 I -72.848 620 04000 Pr. ~nvironmental Specialist I 60,661 I 1,925 526 i 192 172 I 358 182 I 608 I 12 3,393 1,000 1,869 146 : ]_1.479 72,521 720 04000 Engineer I 60,828 I 3,232 · 526 192 172 359 182 608 12 1 3,321 145 1,000 1 1,825 ] -I 72.401 940 04000 Programmer Analyst I 61,915 ! 1,826 526 192 172 365 182 608 I 12 3,381 1.000 1,865 -~ --;· 254 1 ---7 2.297 · 620 04000 5, E,.;.,omoot•I Sp~;,11,. I 59,484 . 2,881 , 526 192 172 1 351 ' 182 608 12 3,263 1,000 J 1,831 ~ ~ I 9i1iJ: _:.:: ·-_;=._ 638 --72.073 650 04000 ProjectSpecialfst ! 60.056 2.881 I 1,313 192 172 354 182 608 12 t 3,279 1,000 : 1,802 1 I -I I -71.850 ?~O I 04000 SrEnvironm.ental_S~clallsl ,---s:r,113 ! 4,134 ,~1,313 192 172 1 337 I 182 608 12 3,118: 1,312 1.00'2__.j___:12._22._l _-r_,--~-> --~-= ~8 r . -~~ 71.~~ 6311 04000 _P~m:ipal Lab_& Re~Analyst J ~.62_1 . _ _?,881_j 1,313 192 __!7~1 352 I 182 608 12 : 3,258 --~00 . 1,790 I I ----I --n~30 640 0400~~E~vironmenta1Specjal'isl -, 5{.113 : 4,134 . 1,313 1 1~ 172 337 182 ___ 6C2_8_ 1?: __ 3.~8 __ 471 1.~oo_; ~~1 . : I I 937 I 71.330 ~__?O_Q4000 JAssociateEngin~erlll _ I 56,8~ _3,922 1,313 _192 ~72 1_ 335 , 182 __ 6~8 _____ _:1_2 _3:}~_ _ 1.00~_1 :!46 i _ ~0 -1 I I ! 1,380 _?0.124 930 04000 Programmer I 58,700 I 2,881 526 1 192 172 I 346 182 608 12 3,216 r 1,000 ' 1,767 I 200 -I . 69.801 3~ 04000 J Principal Accountant 58.001 ; 3,232 1,313 --192---172 -~ -_ 182 :-::-6()_8 :-_-~---1~ =--3:167 ,_____ --1,000 :---=:-1.740 i -~ _ I --~ -69.618 880 04000 \Sr Environmental Spec_!_alisl I 56,668 I 4,647 526 1 192 172 l 334 , 182 j __ 608 12 3,094 j _ 1,000 ; _ 1,70~ '. I 1 ! J 69,134 .§33 04000 j Principal Lab & Res Analyst 57, 111 3,232 526 1 192 172 337 , 182 ! 608 12 3, 118 j 1.000 : 1,713 1 I l 68,202 640 04000 .Associate Engineer Ill I 57,071 · 2,881 526 192 172 337 182: 608 12 3,116 · 1,000 ' 1.712 1 1 -67.808 310 04000 !Senior Administrative Analyst I 56,634 . 2.881 526 1 192 1 172 334 · 182 i 608 12 3,092 J 1,000 1,699 ' I ' ' I 67.332 710 04000 Management Analyst ' 52.414 · 6,661 1,313 ; 192 172 309 182 : 608 1 12 2,862 1,000 1,572 1 1 [ -67,297 640 04000 'Associate Engineer Ill ' 56,351 2,881 526 ' 192 172 i 333 ' 182 608 '1 12 j 3,077 . 1,000 1.691 • ' 67.023 620 04000 °RegulatorySpeclahsl • 55.212 2.922 1,313 · 192 172 ! -182 · 608 12 1 3015 I 1 000 1.656 ! 66.283 10/24/2000 5:10 PM BHC Page 4or11 9bcnstmt · 10-16-00 bhc --------l ------1 ~-0 04090 !Associate Engineer Ill 53,581 1,925 526 192 172 -182 608 12 3,019 I 1,000 1,659 -• I 1,709 64,583 930 04000IProgrammer -1-52;067 3,232 1,313 192 172 307 182 608 12 2,843 400 1,000 1,562 ---------=----=-=t== 63,889 230 04000 Buyer ---51 .:!12-+---2-,8-8_1 _ _, 526 192 172 -182 608 12 2,815 275 1,000-1,548 250 I 278 ~-;049 720_ 04000 Associate Engineer II ---50,787 2.881 526 192 172 -182 608 12 2,773 1,045 1,000 1,526 • 73 ----+---_-• 61,776 ~--=~=::+----::-::-::-;--t--,,-::::-=--t---=::+--:-::=-l----t---:-:=-il-----c:--:-=-l----:-:-t---.:-''=-:-1---'---+----:--'-::-::-::-+--~-:..;....j-___ ~-+---+------.c..+-~--t----·----'----I 620 04000 Sr Environme ntal Specialist __ -1--4-=-8....,.6..,,7-=-8+---2..,.8,..,8-=-1-+---:--:5....,.2-=-6-t--__ 1_92-+---1~7=-=2-+----+---18_2-t-___ 60_8-+-__ 1_2-1 ___ 2._6_7_1 +----+--1'-.o_o_o_,__ __ 1'-.4_8_1 _._ ___ 25_0_,_ ___ +-_____ 6_7_9+-----+----_...•---59-'._33_1-1 230 04000 Buyer 45,096 4,619 1,313 192 172 -182 608 12 2,462 1,000 1,353 1 --57,009 230 04000 Buyer 41,600 2,881 526 192 172 -182 608 12 2,271 1,000 1,248 • ' I --50,691 860 05000 LeadElecTech 60,651 6,661 1,313 192 172 358 182 608 I 12 3,631 100 ' I 42,298 5,747 121,924 860 05000 Lead Instrumentation Tech 60.651 6,661 1,313 192 172 358 182 608 12 3,331 250 100 ! I 31,880 -105,709 860 05000 Electrical Tech II 57,420 6,661 1,313 192 172 339 182 608 I 12 3,154 t 250 100 ' 30,618 -101,021 860I 05000 jElectricalTechll 54,598 4,134 1,313 192 172 -182 608 12 3,068 1,600 ; I 32.560 -98,439 86005000LeadElecTech 60,651 4,134 1,313 192 172 358 182 608 12 3,377 250 100 i 23,589 1 849 95,787 860 05000 !Instrumentation Tech II 57,420 4,134 1,313 192 172 I -182 608 12 3,274 250 2,300 i 24,475 94,333 860 05000 Lead Instrumentation Tech 60,651 4,647 1,313 192 172 358 182 608 12 3,410 100: 17,687 1.699 91,029 870 05000 Pump Power Operator 55,484 4,647 1,313 192 172 327 182 608 12 I 3,215 3,004 400 J 18,659 88,214 850 05000 Lead Mechanic 55,484 2,881 1,313 192 172 327 182 608 12 3,234 250 I 2,200 18,065 1,295 86,215 860 05000 !Lead ElecTech 60,651 4,134 1,313 192 172 358 182 608 12 3,317 I 100' 14,260 85,298 860 05000 Electrical Tech II 57,420 6,661 1,313 192 172 339 182 608 12 3,247 795 250 1,800 11.499 I 84,490 870 05000 Pump Power Operator 55,484 4,647 1,313 : 192 172 327 182 608 12 3,305 500 4,144 j 400 12,509 83,793 860 05000 ElectricalTech II I 57,420 4,134 1,313 192 172 I -I 182 608 12 3,242 250 1 1,700 13,365 82,590 860 05000 .Instrumentation Tech II 57,420 I 4,134 1.313 192 172 339 182 608 12 I 3,154 I 250 100 13,916 81.793 _,4....,.2.,...01--05=-o,...,o....,.o-+-Le_a_d_C_o_ll_F_a~c_W-=o=-r_ke_r ___ --1--53,622 6,661 1,313 ' 192 172 316 182 608 I 12 3,138 120 250 ! 3,600 1 10,973 1 -81,159 860 05000 Instrumentation Tech II 57,420 6,661 1,313 192 I 172 339 182 608 12 ' 3,209 250 I 1,100 ' 9,103 , -80;561 iJ4o[Q§90GseniorPlantOperator 56,247 I 6,661 1,313 192 172 332 182 608 12 3,429 250 4,726 4,705 1,575 80,404 85orasooo Lead Mechanic 55,484 1,925 526 192 172 327 182 608 12 3,086 16.530 1,036 80,079 860 05000 Electrical Tech II 57,420 4,647 1,313 192 172 339 182 608 12 685 250 100 482 13,534 79,936 860 05000 Instrumentation Tech II ·----,,5=7 .'--:-4""'20::+----:-4'--:-.1-=-3-:-4+--:-1 '-=,3...,.13:::-t-----:-1-=-92::+--1-:-:7==2-t---3::-:3=-=9-t---1':"".8:-:::2-t----=-50::-:8:-+---1:--::2-t----=-3.-=-2-=-82::+---+----+----+---------'-1 -------,-l----,9=-,6=-o:-1:-i--2="'.-=-58=-=o:-f---7=-9'--'-,9-'-3'-c5,-t 8501 05000 Lead Mechanic 55,484 2,881 1,313 192 172 327 182 608 12 3.045 , 15,360 285 79,860 86~-05000 Electrical Tech II 57,420 4,647 1,313 192 172 339 182 608 12 3,287 ' 1.700 I 8,222 1,072 79,165 860 05000 Electrical Tech II 57,420 2,881 1,313 192 172 -182 608 I 12 3,266 608 250 I 100 9,179 2,039 78,221 860 05000 Electrical Tech II 57,420 2,881 526 192 172 339 182 608 12 3,154 1 250 1 100 12.106 -77,942 860 05000 Instrumentation Tech II 57,420 4,619 1,313 192 172 339 182 608 12 3,280 90 250 1,600 7,050 804 77,930 860 05000 Electrical Tech II 57,420 2,881 1,313 192 172 339 182 608 12 3,247 250 1,800 9,513 -77,928 860 05000 Instrumentation Tech II 57,420 6,661 1,313 192 172 339 182 608 12 3,149 250 7,610 -77,908 -~~ 05000 SeniorMechanic 50,417 1,925 1,313 192 172 297 182 608 12 3,088 250 I 12,899 5,883 77,238 860 05000 Lead Instrumentation Tech 60,651 2,922 1,313 192 172 358 182 608 12 3,317 I 100 I 7,279 -77,104 860 05000 Instrumentation Tech II 57,420 2,881 1,313 192 172 339 182 608 12 3,149 180 I 250 1 10,219 -76,916 860 05000 Instrumentation Mtce Worker 44,258 2,881 526 192 172 261 182 608 12 2,730 I J 18,651 5,749 76,222 --1-----1-----------+---'---+--'----+----+----lf------lf------l-----+----+---+---'--+----+----l-----'---~ ·---1------~-=-=-,,.,,....t---=--==~--=-=-=--l -:8-:::30.,;-705=-=0=-=0-=-0-t=Se:-n_io_r_P....,.la~n=-t..,O~p~e_ra_to_r ____ 1_--,5=6-,2-=-47-+----=6-,6-=-6....,.1-+-_1....,.3=1-=-3-i---1-=-9-=-2+-__ 17=-=2-+-__ 33=-=2-+---.,...18=-=2-+----=-6-=-08=-+ ___ 12=-+---=--=5-=-6-=-6 +----t----r------.l---25_0-;i----t-------rl __ 7_,0_2_0+-_2_,4=7=5-1-__ 7_6'-,0_3_0 1 860 05000 Electrical Tech II 57,420 2,881 526 192 172 339 182 608 12 3,238 I 100 ' 8,445 1,777 75,892 860 05000 Instrumentation Tech II 57,420 6,661 1,313 192 172 339 182 608 12 3,149 250 5,584 ! -75,882 850 05000 Senior Mechanic 50.417 2,922 1,313 192 172 297 182 608 12 2,846 1,700 1 15,084 -75,745 860 05000 Electrical Tech II 57,420 4,647 1,313 192 172 339 182 608 12 3,227 90 I 250 100 5,822 1,340 75,714 850 05000 SeniorMechanic 50,417 4,619 1,313 192 172 297 182 608 12 2,753 I ; 15.097 -75,661 840 05000 Plant Operator 48,381 6,661 1,313 192 172 285 182 608 12 3,191 90 I 250 3,613; i 4,358 6,204 75,512 860 05000 Lead Elec Tech 60,651 4,619 1,313 192 172 358 182 608 I 12 3,331 250 1 100 ' 3,461 -75,247 830 05000 Senior Plant Operator 55,484 2,881 526 I 192 172 327 182 608 12 3,333 I 250 I 5,773 5,302 75,040 860 05000 Instrumentation Tech II I 57.420 I 4.619 I 1,313 I 192 172, -182 608 12 3.189 250 I 100 6,01 3 . 644 74.715 10/24/2000 5:10 PM BHC Page 5 of 11 gbenstmt -10-16-00 bhc 1 Orange County Sanitation District _ _ ~-____ _ Salary And Benefit Analysis At 10/18/00 Insurance I I r I I -i--=----=--I Extra-Annual,------=- _Div. Benefit I Annual Flat i Flat Flat I Flat Flat Flat Flat Flat ~.!_J_ I Percent N~e • __ , _O~ary_ _ Leave -·----- 1 No. I Group Position I Salary Medical Dental Life STD LTD Vision W. Comp EAP OCERS Tuition I BOP I llS T Building Shift Dif I Standby i Services! Overtime Payout Total 4201 05000 840 05000 840 05000 10/24/2000 5: 10 PM BHC Page 6 of 11 400 gbenslml -10-16-00 bhc . Orange County Sanitation District ----------------Salary And Benefit Analysls • -----------------------------------At 10/10100---·--------------------------- --__ J._ -~ ~ .L --..:. ' :.r==== I <= ~--------_-_-_l E!tr~L-_ -I -------. ----------I Insurance Annual --Div. Benefit Annual Flat Flat I Flat I Flat I Flat I Flat l Flat I Flat Percent Percent Non-Base Ordinary Leave salary Medical o eritil-Ute --~ ----· 115 sti"ift-6it ,-sfa-ndby i5eiVfoeSlovertlme I ·-No. Group Position STD LTD Vision-w. Comp : EAP OCERS Tuition BOP Building Payout Total 430 05000 Senior Mechanic l 53.190 4,134 1,313 l 192 172 297 182 608 I 12 I 2,940 I 250 I ! 400 3,187 I -66,877 850 05000 Lead Mechanic 55,484 4,647 1,313 192 172 327 182 608 12 3,029 893 -66,859 -840 05000 Senior Plant Operator 55,484 4,619 1,313 192 172 327 182 608 12 3,031 890 -66,857 840 05000 Plant Operator 48,381 4,619 1,313 192 172 285 182 608 12 2,802 70 2,936 5.087 ! -66,658 420 05000 Lead Coll Fae Worker 53,622 4,647 1,313 192 172 316 182 608 12 2,941 80 250 394 1,871 . 66,600 830 05000 Plant Operator 48,381 4,647 1,313 192 172 285 182 608 12 2,997 70 250 4, 155 1,220 I 2,100 66,583 840 05000 Plant Operator 48,381 2,881 526 192 172 285 182 608 12 2,941 I 250 4,144 4,484 1,084 66,141 840 05000 Senior Plant Operator 55,484 2,881 1,313 192 172 327 182 608 I 12 3,043 126 250 1,519 -66,114 860 05000 Electrical Tech II 57,420 2,881 526 192 172 339 182 608 12 3.135 643 -66,110 840 05000 Senior Plant Operator 55,484 3,232 1,313 192 172 327 182 608 12 3,044 125 250 1.010 I -65,959 430 05000 Senior Mechanic 50,415 4,134 1,313 192 172 297 182 608 12 2,920 70 I 2,481 3,059 65,856 840 05000 Plant Operator 48,381 6,661 1,313 192 172 285 182 608 12 2,833 3,503 1,649 -65,791 840 05000 Senior Plant Operator 55,484 2,881 526 192 172 327 182 608 12 3,043 90 250 2,020 : -65,786 840 05000 Plant Operator I 48,381 6,661 1,313 192 172 285 182 608 12 2,814 3,162" 1,914 -65,696 430 05000 Senior Mechanic 50,417 6.464 I 1,313 192 172 297 182 608 I 12 2,801 250 300 2,202 326 65,535 850 05000 Senior Mechanic 47,934 4,619 1,313 192 172 283 182 608 12 2,658 250 500 6,657 -65,379 850 05000 Senior Mechanic 50,417 4,619 1,313 192 172 297 182 608 12 2,766 250 4,430 ' -65,258 840 05000 Plant Operator 48,381 I 4, 134 1,313 192 172 285 182 608 12 2,867 250 3,884 2,846 t -65,126 860 05000 Instrumentation Tech II 57,420 1,826 I 526 192 172 339 182 608 12 3,141 100 563 : -65,080 870 05000 Pump Power Operator 52,753 4,619 1,313 192 172 311 182 608 12 2,894 155 250 1,538 : -64,999 840 05000 Plant Operator 48,381 4,134 1,313 192 172 285 182 608 12 3,008 250 6,459 64,996 850 05000 Senior Mechanic 50,417 2,881 1,313 192 172 297 182 608 12 2,830 4,512 1,412 64,827 830 05000 Plant Operator 48,381 6,661 1,313 192 172 285 182 608 12 2,775 I 2,439 1,638 -64,658 840 05000 Senior Plant Operator 56,247 2,881 526 192 172 332 182 608 12 3,071 100 158 -64,480 840 05000 Plant Operator 48,381 2,881 526 192 172 285 182 608 12 2,859 120 250 4,233 1 3,726 64,426 850 05000 Senior Mechanic 49, 177 4,619 1,313 192 172 290 182 608 12 2,745 3,289 1,092 63,691 850 05000 Senior Mechanic 50,417 2,881 1,313 192 172 297 182 608 I 12 2,753 50 4,707 -63,584 850 05000 Senior Mechanic 50,417 2,922 1,313 192 172 297 182 608 12 2,763 4,193 188 63,259 430 05000 Lead Worker 53,188 2,881 526 192 172 314 182 608 12 2,918 250 1,923 -63,164 830 05000 Plant Operator 48,381 4,647 1,313 192 172 285 182 608 12 2,726 250 2,914 1,299 62,979 430 05000 Builder 48,703 1,925 1,313 192 172 287 182 608 12 511 ' 4,338 4,488 62,730 850 05000 Senior Mechanic 50,417 I 6,661 1,313 192 172 297 182 608 12 2,753 -62.607 850 05000 Senior Mechanic 50,417 1,925 1,313 192 172 297 182 608 12 2,753 4,681 I -62,551 430 05000 Welder 50,415 2,881 526 192 172 297 182 608 12 2,759 4,359 118 62,521 840 05000 Plant Operator 48,381 6,661 1,313 192 172 285 182 608 12 2,729 250 1,355 62, 140 850 05000 Senior Mechanic 50,417 2,922 1,313 192 172 297 182 608 12 2,805 250 2, 153 706 62,029 830 05000 Plant Operator 50,981 2,881 526 192 172 301 182 608 12 2,938 2,830 320 -61,942 430 05000 Lead Worker 52,060 2,881 1,313 192 172 307 182 608 12 2,878 133 131 653 61,522 850 05000 Senior Mechanic 50,417 2,881 526 192 172 297 182 608 12 2,753 3.427 I -61,466 430 05000 Machinist 53,622 2,881 526 192 172 316 182 608 12 2,928 -61,438 430 05000 Lead Worker 53,622 2,881 526 192 172 316 182 608 12 2,928 -61,438 850 05000 Senior Mechanic 50,417 2,881 1,313 192 172 297 182 608 12 2,753 2,541 -61,368 430 05000 Equipment Operator 50,072 4,619 1,313 192 172 295 182 608 I 12 2,748 250 894 -61,356 830 05000 Plant Operator 48,381 6,661 1,313 192 172 285 182 608 12 2,642 I 872 -61,320 850 05000 Senior Mechanic 50,417 4,647 1,313 192 172 297 182 608 12 2,753 60 I 406 -61,058 840 05000 Plant Operator 48,381 4,619 1,313 192 172 285 182 608 12 2,717 45 250 I 847 j 1,129 60,751 430 05000 Senior Mechanic 50,415 4,647 1,313 I 192 112 I 297 182 608 12 2,753 I I ' I -60,590 8501 05000 Senior Mechanic 49.177 2,881 526 I 192 172 290 I 182 608 12 I 2,828 I 1 250 I 1,081 2.376 60,574 10/24/2000 5:10 PM BHC Page 7 of 11 gbenstmt -10-16-00 bhc Orange Counfy Sanitation District _____ _ Salary And Benefit Analx.sis At 10/18/00 I . --I -t----t -. _.,._ ·---~----- Dlv.IBenefitl _____ __.:_ Annual _ Flat Flat Flat ! Flat Flat Flat I Flat : Flat I Percent I P~ 'N_~~~ _ ~ ___ Ordi!1a;:y1-~e ___ ~-I Insurance I I ~ Extra-Annual I No., Group , Position 1 Salary Medical Dental Life STD I LTD I Vision I W. Comp I EAP I OCERS I Tuition 1 BOP llS 1 Building ~ft Dif St&ndby Servicesl Overtime Payout Total 8401 05000 IPlant Operalor •. ' 48,381: 3.232 1,313 1 192 172 285 182 i 608 12 2,779 70: l ___ . _ 250 I __ ~ _ l-546 _ 2.2S8 ·--~o~~-9 830 OSOOO PlantOpe_~tor __ -----·+-· 48,381 i 4,619 • 1,313 1 192 172 285 182 608 12 2,719 j _?SQ_ _ . _ .•. _ _ _232_~.~ _.§~!~ 830!05000 PlantOperator _____ --~~-4,619 ' 1,313 192 172 28S 182 608 12 2,6S5 284 I .. 1 ?SiJ _____ ; ._. __ 1_,071?_ -___ 60,022 850 05000 Senior Mechanic 1 S0,417 2.881 1,313 192 172 297 182 608 12 2,7S3 ! I I \ 1,024 -59,850 83005000 Plant Operator --=i=--48,381 1 4,647 1 1,313 I 192 172 285 182 --sos -12 2,714 :---1 --250 --·j ----• -1,084 -s9,840 840 OSOOO Plant Operator ----I 48,381 4,134 1,313 I 192 172 28S 182 608 12 2,714 I 256 ----1 1--1-407-1,073 --S9,722 Tso 05000 SeniorMaintenanceWorker I 44.2S8 -1,925 1,313 1 192 172 261 182 608 12 2,428 ! --· ----~--1 -8,134 207 --59,691 18SO osooo SeniorMechanic I 49,177 1 2,881 S26 192 172 290 182 608 12 2,702 __ ' -_ ~ ---::_1 1 _ :__~ --J=2.533 365 ~-_:-s-9-;5-8E_ 430 05000 Painter I 44,258 2,881 526 1 192 172 261 182 608 12 2,597 I ' 4,584 3,30S 59,S77 830 05000 Plant Operator I 48,381 3,232 1,313 192 172 I 28S 182 608 12 2,717 -2501 __,__ ____ ] __ --813 1 1,136 S9,293 430 05000 SeniorMechanic · 50.417 1 3,232 . 1,313 192 172 314 182 ---Efo8 12 2,753 1 ---~ ·· -·------53 1------59'}',\7 430 05000 Builder ' 48,703 1 2.881 S26 1 192 172 287 182 --608 12 1 2,659 -,---! ----:-----2,547 -· -5B,769 830 osooo Plant Operator ~ 48,381 i --4-.6471 1,313 I 192 172 28S 182 608 -12 2,642 -T-· --1 ------:--~---30S 1--_--58}38 430 05000 Equipmen!Operator , S0,072_;_ .. ___ 2,88f'-526 1 192 172 29S 182 608 12 2,734i 55 ------] --·---982---·_--·-58,710 420 \0SOOO jSrCol!FacWorker I ~.D78 ] -6,66_1] 1,313 192" 172 248 182 G OB 12 1 2,377 : 326 _, _ j so ·-:-=:-·1 _]_.~1?.Q_·~-=--3.013 _-=:_~--_58~632 840 05000 Plant Operator __ --i-48,381 _ 4.619 1.313' 192 172 285 182 608 12 . 2,642 J __________ \ ________ -_ _ 58~0_5 430 05000 jEquipmentOperator ---~-S0,072 2,881 526 192 172 1 295 182 608 12 2,734 ·I ____ --.-l __ t .· 403 ____ -___ 58,076 430 05000 Senior Mechanic __ __J _ 50.41!~ ~3_5 526 192 I 172 297 182 608 12 2,753 _ _ -~ 1 _ -r= __ ~---953 --· .:_ __ 5~~03_6 420 05000 SeniorMechanic I 42,967 4,134 1,313 192 I 172 I · 182 608 12 1 2,480 1 172 I I 2SO 1 2,200 I 3,329 -58,011 870 05000 IPumpPowerOperator _--\ 50,020 ___ 2~8!1 526 192 1~2 -182 608 12 2,731 1 I _-=-_:--_ _ -=:_ ---\· --[--:-· ~---57,"32'3 8SO 05000 Senior Mechanic -r 50,417 1.925 526 192 172 297 182 608 12 2,7S3 1 T I -S7,083 840 05000 Plant.O~eralor ------!~381-· 1,92S 526 192 I 172 285 182 608 ! 12' 2,740 1 J _ ~--1---~ --, i .1.807 =I,6_._829 850 05000 Senior echanic I 46,692 I 4.647 I 1,313 1 192 172 178 182 608 12 I 2.549 I ' -56,S44 850 OSOOO SeniorMaintenanceWorker I 44,2S8 6,661 I 1,313 I 192 172 261 182 608 12 1 2,417 199 i -,-. --_---56,274 860 05000 Electrical Mtce Work.er I 44.258 I 6,661 I 1,313 I 192 172 I 261 182 608 12 i 2,417 I ·:-15 ------5i:i.o91 420 05000 Coll Fae Worker II I 39.218 I 4,134 I 1.313 I 192 172 231 182 608 12 ! 2,237 50 2SO I 1,SOO 5,147 -SS,24f 840 I 05000 I Plant Operator I 48.603 I 1,826 I 526 I 192 172 287 182 608 12 2,654 r I ' I 130 -S5, 191 420 05.000 Coll FacWorll:er II I 40,211 ' 4,134 I 1,313 I 192 172 I 237 182 608 12 '. 2.328 25 1 I 2SO~· 900 3,107 1,277-__ 54,948 430 05000 !Painter I 44,258 2,881 526 I 192 172 1 261 182 608 12 2,426 1 I I , 2,683 181 54,382 850 I 05000 ISeniorMaintenanceWorker I 44,258 , 4,134 1 1,313 1 192 172 \ 261 182 608 12 1 2,417 \ I I -53,S49 420 05000 ICollFacWork.erll ---1-40.21f '-4,647 l 1,313 1 192 172 1 237 182 I 608 12 2,275 I 25 2SO ' 1.200 2,109 · -53,432 830 05000 Plant Operator I 43,626 1 3,232 1,313 ' 192 I 172 I -182 I 608 12 2,396 708 250 378 -S3,067 8300SOOOContro1CenterClerk 37,800 4,647 1,313 1 192 172 223 182 608 12 2,226 ------1,671 2,969 52,013 850 05000 !Mechanic 43,064 I 2,881 526 ] 192 172 254 182 608 12 2,351 --------I • --_-· ---50.242 830 05000 ControiCen1erClerk 37 ,800 I 1,826 526 I 192 172 223 182 608 12 \ 2.299 250-2,823 I 2,034 -1,23S --50,182 830 05000 Operator In Training 41,716 I 2,881 526 I 192 172 246 182 608 12 2,29S ~---·-· 481 311 ~21 830 05000 ControlCenterClerk -37 ,800 -I --,-.925 S26 I 192 172 223 182 608 12 1 2,240 I ;-250' -2:982--1,826 ---48,937 8401 05000 Control Center Clerk ---37,800 2,881 526 1 192 172 223 -182 608 12 I 2,230 --i 2SO 2,788 · --------s82· · ---48.445 l~ooo Mechanic ---3-S.65S-6,661 -'1,3131 " 192---f72 ---182 ---608 --12 · 1,947 ----·1 · -T' · ------46,742 §j05ooocontrol ~e_~i~r_Clerk 1 37.800 : ___ 2:a8·1 _: __ -=._-=_52_6·:----1§2--112· ---=-223 _183__-608_,_ __ 12 2.141 -=_--:_ --_ _ 1.41< -...!_--=-::=-~=-13 · -_.. _46_:160 420 OS00.9_C.~U~~CW(lrJ<i:r11_ l 32.288 _4 .. 1~~-! .\~13_;_1~2 ___ 1~--182 1 608 _ !IT ~869 -~----250 1.700 1 --__ 3_,1~r---~·975 420 05000 Coll Fae Worker II I 32,288 2,881 526 ! 192 172 -182 608 12 1 1,787 I 2SO 200 • 1,091 -40,188 '420, o socic:r ~oil Fiic _Wo_rker I 26,433 ' 2,8El1 . ---s26 . 192 -172 -I 182 , -608 -1·2 -1.542 65-~ ---1,800 i -l'" 2,681 i --37,092 420 OSOOO Coll Fae Worker I 24,910 6,661 . ].313. _ 192 172 -182 608 12 '. 1,382 1 154 I 400 715 i -36,701 910 06000 Information Services Tech Ill I S5,900 1,92S . S26 '. 192 172 330 j 182 608 12 I 3, 168 1 1,015 j 1,4S4 1 . 2,285 j 667 68,434 310 06000 Office Aide S2,300 6.661 1,313 1 192 172 309 182 608 12 2,939 755 . l 1,169 ' 1,S37 68,148 ~10 1 06000 Graphics Coordinator : S3,304 3,232 -1.313 : 192 172 ; 315 I 182 608 12 : 2,950 I 1,126 . ' ! 174 : 729 64,309 930 06000 llnformal!on Services Tech II 50,642 2.881 526 192 172 ' 299 182 608 12 2.809 892 1 800 -60,013 10/24/2000 5•10 PM BHC Page 8 of 11 gbenstmt -10-16-00 bhc Orange County Sanitation District -------------------saiarY And BenefitAnalysls ___ ---------------------------At 1011a100 ___ ---------------------s ~ r -~-__ ]_-_ --:..::c:::: I _ -=-~T:-_-:--1 I -----,--·-------r -------------~-Percent [ Non-Ba~e - __ T Extra-·-Annual Insurance I Div. Benefit Annual Flat Flat I Flat I Flat+-Bat~ _Flat_ Flat Flat Percent -1-Ordinary Leave No.,___Group Posit~--Salary -OCERS--TiiitiOil Shift Dif j Standby I ServicesJ Payout Medi cal Dental · Life STD LTD Vision W. Comp EAP -B OP--llS -Building Overtime Total ~6000 Administrative Assistant -l 48,876 1,826 1,313 192 172 288 I 182 608 12 2,669 2,682 166 . 58,985 06000 Stores keeper 42,309 4,647 1,J13 192 172 250 182 608 12 2,480 I 250 2,100 3,152 I 758 58,424 860 06000 Office Specialist 48,466 3,232 1,313 192 172 286 182 608 12 2,646 I I 572 . 57,681 310 06000 Administrative Assistant 49,689 2,881 526 192 172 293 182 608 12 2,713 255 I . 57,522 230 06000 Stores keeper 41,097 6,661 1,313 192 172 243 182 608 12 2,451 I 2,300 ! 349 I 1,497 57,076 230 06000 Administrative Assistant 48,876 2,881 526 192 172 . 182 608 12 2,669 I I 3771 .• 56,493 640 06000 Administrative Assistant 48,876 2,881 526 192 172 288 182 608 12 2,669 I I I I . 56,405 840 06000 Administrative Assistant 47,041 2,881 526 192 172 278 182 608 12 2,568 I I 150 I . 54,609 310 06000 Senior Office Aide 42,594 6,661 1,313 192 172 251 182 608 12 2,326 I I 15 I . 54,325 850 06000 Secretary 44,693 4,647 1,313 192 172 . 182 608 12 2,440 I I I . 54,258 880 06000 Secretary 44,693 4,134 1,313 192 172 264 I 182 608 12 2,440 I I I . 54,010 720 06000 Secretary 44,693 4,134 1,313 192 172 . 182 608 12 2,440 I I I . 53,746 230 06000 Storeskeeper 42,309 1,925 526 192 172 250 182 608 12 2,498 I I I I 600 i I 1,163 2,843 53,279 230 06000 Storeskeeper 42,309 2,881 526 192 172 250 182 608 12 2,438 I 250 I 2,100 ! 1,014 . 52,934 860 06000 Secretary 44,693 2,881 1,313 192 172 264 I 182 608 12 2,440 I I . 52,756 221 06000 Senior Accounting Clerk 42,594 2,881 526 192 172 251 182 608 12 2,326 I I I 2,559 . 52,302 620 06000 Secretary 44,693 2,881 526 192 172 . 182 I 608 12 2,440 I 581 -52,286 7201 06000 Secretary 44,693 2,881 I 526 I 192 172 264 182 608 12 2,440 136 I I . I . 52,105 730 06000 Secretary 44,689 2,881 526 192 172 264 182 608 12 2,440 I I . 51,964 820 06000 Secretary 44,689 1,925 526 I 192 I 172 264 182 608 12 2.473 I I I I 193 : 601 51,835 230 06000 Stores keeper 42,309 2,881 1,313 192 172 250 182 608 12 2,353 ' 400 597 379 51,647 221 06000 Senior Accounting Clerk 42,594 2,922 1,313 192 172 251 182 608 12 2,326 I ' 571 . 51,143 640 06000 Office Specialist 39,231 6,661 1,313 192 172 231 I 182 608 I 12 2,142 . 50,744 221 06000 Senior Accounting Clerk 42,594 2,881 526 192 172 251 I 182 608 12 2,326 469 . 50,213 640 06000 Office Specialist 39,231 2,881 526 192 172 231 182 608 12 2,343 I I 79 3,682 50,138 230 06000 Storeskeeper 36,059 2,922 1,313 192 172 . 182 608 12 2,075 250 I 1,700 I 4,617 . 50, 101 610 06000 Secretary 42,153 2,881 526 192 172 249 182 608 12 1 2,302 245 ' I 319 : . 49,840 730 06000 Office Specialist 39,231 4,619 1,313 192 172 . 182 608 12 2,142 I I I . 48,470 730 06000 Secretary 41,292 1,826 526 192 172 244 182 608 12 2,255 . 47,308 310 06000 Office Aide 37,633 4,134 1,313 192 172 222 182 608 12 2,055 I I I 754 . 47,277 310 06000 Office Aide 39,231 3,232 526 192 172 231 182 608 12 2,172 I I 124 i 543 47.225 640 06000 Office Specialist 38,268 4,134 1,313 192 172 226 182 608 12 2,089 . 47,196 631 06000 Office Specialist 39,231 2,922 1,313 192 172 231 182 608 12 2,142 I 14 -47,018 640 06000 Office Specialist 39,231 2,881 526 192 172 231 I 182 608 12 2,142 I 243 . 46,419 620 06000 Office Specialist 39,231 2,881 526 192 172 244 182 608 12 2,142 I 129 . 46,317 850 06000 Office Specialist 39,231 2,881 526 192 172 231 182 608 12 2,142 109 I -46,286 640 06000 Office Specialist 38,106 3,232 1,313 192 172 225 182 608 12 2,081 I I I I . 46,121 410 06000 Office Specialist 37,469 2,881 1,313 192 172 306 182 608 12 2,046 I I I . 45,180 223 06000 Senior Accounting Clerk 36,327 2,881 1,313 192 172 . 182 608 12 1,983 I I . 43,670 223 06000 Senior Accounting Clerk 36,327 2,881 526 192 172 . 182 608 12 1,983 I I -42,883 221 06000 Senior Accounting Clerk 36,327 2,881 526 192 172 . 182 608 12 1,983 I I . 42,883 640 06000 Office Specialist 35,840 1,826 526 192 172 . 182 608 12 1,957 I I . 41,315 720 06000 Office Specialist 32,723 2,881 526 192 172 . 182 608 12 1,787 I I i . 39,081 230 06000 Storeskeeper Assistant 26,283 1,826 1,313 192 172 . 182 608 12 1,449 I I 250 I 987 -33,273 230 06000 Secretary 18,720 6,661 1,313 192 172 -182 608 12 1,022 I . 28,882 730 07000 Senior Construction Inspector 66,633 4,647 1,313 192 112 I 393 182 608 12 3,638 I 28,808 -106,597 730 07000 Senior Construction Inspector 66,633 2,881 1,313 192 172 . 182 608 12 3,796 ' I 26,495 2,890 105,173 730 07000 Senior Construction inspector 66,633 6,661 1,313 192 J 172 393 182 608 12 I 3,701 110 I I I 8,175 I 1,149 89,360 10/24/2000 5:10 PM BHC Page 9 of 11 gbenstmt • 10-16-00 bhc 1 Orange County Sanitation District .Salary And Benefit Analysis ------ At 10/18/00 I I -· ,-----r-Insurance r--1 ., -Extra~---· Annual ____ _ Div. Benefit! I Annual I Flat Flat I Flat Flat I Flat Flat ! Flat I Flat Percent Percent ·I No_n-Ba~!..J_ __ Ord~a~ ____ _Leave 1---_ No. Group J Position Salary I Medical Dental I Life 1 STD I LTD I Vision i W. Comp I EAP OCERS Tuition BOP llS Building ' Shift Dif I Standby Services! Overtime Payout Total 730 1-07000 !Construction Inspector ~ --59.197 I --2,922 ; 1,313 I 192 !-172-349 --~l 608 12 3,487 I __ I +--_ _ .L _J _ 14,027 l 4,670 ___ f).7:.!3_0 730 07000 {Senior Construction Inspector _ _64,1~~ 1 ~81 1.313 ) 192 172 378 182 I 608 12 3,502 __ _ _ __ . ___ . ~ ! _ 1~,441 _ _.:__ _ 85,82} 730 07000 1SeniorConstraetionlnspector _ 6.6.633 . _2,881 526 192 i72 393 182 608 12 3,638 70 I·_ _ ______ I _1_0.~68 ___ 85,375 730 07000 1construcfion Inspector 60.942 1,826 526 192 172 360 182 608 12 3,327 ' 14.804 82,951 730 07000 !SeniorConstruc1!onlnspecfoC ;--66.633 1 4,647 : 1,313 I 192 -~72 393 182 -608 12 3,638 170 ,-= _ _ _l -~=---= !_ ---~ -_ 4,238 -~~ _: -82~97 730 07000 1Construclion Inspector 60.942 , 2,881 1 1,313 192 172 . -182 608 12 3,327 220 I 10,367 -80.216 730 07000 SeniorConstructiOnlnspector 66~§33 J 1,826 526 192 172 393 182 608 12 3,786 _-_ --:_ '~ =--_ j ~ :_ _3,729 -2 .7!.]_ --"J9,l!!}_ 730 07000 rconstruclion Inspector \ 59,197 I 4,647 1.313 192 I 172 349 182 608 12 3,232 I 7,332 -77,235 1730-07000 IEnglneeringAssociate ! 63,50~_; 4,647 : 1,313 192 172 375 182 608 12 3,467 -·-•• _·_ --=-=---=-----=!_ --~----· .~:7(~!.1 730 07000 !Construction Inspector ! 60.917 2.881 J 1,313 192 172 -182 608 12 3,326 1 4,219 • 73,821 730 07000 1Construclfonlnspector ,--59.197 , 4,647 1 1,313 192 172 349 182 608 12 3,232 --] ------r--J---3.552 -----f3-;-455 730 07000 I Construclio!!.!._n~ector _ . 58,207 1 2,881 526 192 172 343 182 608 12 3,217 _ -. j' ____ = := 1-=-=--5,215 7_1_2 _ 72,266 730 07000 I Engineering Associate . 63,504 F 2,881 526 192 172 1 375 182 608 12 3,467 137 -72,056 _720 07000 EngineerlngAssociate , __ 61,68~----Z:S81 I 526 192 172 364 182 608 12 3,368 178 ---~-·1 ~ --.----~.i~--·-=-------· ---=---~-=-70,1°66 I 720 07000 Engineering Aide Ill 1 55,016 I 6,661 1,313 192 172 325 182 608 12 3,004 374 -67.858 720 07000 Engineenng-A~ -----51,884-1----r.232 1,313 192 172 306 182 608 12 2,833 -• -· --I --• -_-• -60,733 720 07000 EngineerlngAidell_I __ 51,884 : 2,881 1,313 192 172 306 182 608 12 2,833 68 I ---i----1---;---60,449 720 07000 !Engineering Aide II 47,882 I 6,661 I 1,313 192 172 282 182 608 12 2.614 1 -1 '. . ---59.918 730 07000 Engineering Aide II 46,708 2,881 : 526 192 172 276 182 608 12 2,550 --· 1 ----~--l I-~-5(106 640 08000 SourceControl lnspeclorll ·-ss:O~i"i 4,619 1.313 192 172 343 182 608 12 3,172 -----J --1----·1 11,903 '":----·a0:6f2 6401 08000 Source Control Inspector I 1 46,844 6,661 1,313 192 172 I 276 182 608 12 2.558 ---r--' I 17,276 -----76,0S3 640 08000 Source Contml Inspector II j 58.096 1 2,881 i 526 192 172 343 182 608 12 3,287 I ~ -_--:.._ -------, 7:348 . 2.1~ 75,74-B 6401 08000 Source Control Inspector II 56,432 4,619 1.313 192 172 333 182 608 12 3,290 _L · ___ _ 4,078 1 3,816 __ ?~4!- 632 08000 I Senior Laboratory Analyst ! 52,243 : 6,661 : 1,313 192 . 172 I 308 182 608 12 2,911 I 8,828 1,064 74.494 6321 08000 jSeniorLaboratoryAnalyst I 52,243 5,661 r 1,313 192 · 172 308 182 608 12 I 2,852 ; . i 9.589 74,133 640 08000 Source Control Inspector I I 43,913 6,661 I 1,313 192 172 -182 608 12 2,398 j ·--· I 17.862 -73,312 633 08000 !Senior Laboratory Analyst , 58,096 2,881 526 192 172 I 343 182 608 12 3,272 i ' ' 3,641 ~ 71.745 640 08000 SourceControllnspectorll , 56,432 6,661 1,313 192 172 I 333 182 608 12 3,102 -I ,--2,287 1 377 --71-:671 640 08000 Source Control Inspector II , 58,096 2,881 I 526 192 172 I 343 182 608 12 3,337 85 I I : 1,279 3,027 70.740_ 640 08000 Source Control Inspector II I 58,096 4,619 1,313 192 172 343 182 608 12 3,172 I 1,405 -70.114 620 08000 Environmental Specialist II I 58,096 2,881 526 I 192 172 343 182 608 I 12 3,172 708 -, --I 1 I 2,420 I -69,311 640 08000 Source Control Inspector I I 46,844 1,925 I 526 192 172 I 276 182 608 12 2,558 _L _ I j I ' 15,793 --69,o~~ 820 08000 Environmental Speciallstll I 58,096 4,647 1.313 192 172 I 343 182 I 608 12 3,172 I ' . 68,736 640 08000 SourceControllnspectorll 58,096 2,881 526 192 172 343 182 1 608 12 3,235 I J ~--=; -·· 1,197 i-f152 68,595 634 08000 Senior Laboratory Analyst I 52,243 2,881 526 192 172 308 182 I 608 12 3,087 I ~J I 3;669 I 4,288 68,167 880 08000 E.nvlronmenta. !Specialist II 46,763 4.619 1,313 192 172 I -1 182 I 608 12 2,575 6. O ,----' -10,211 --399 ·-sD·a-5 640 08000 Source Control lns~ectorll "j 56,432 ~-1,925 526 192 172 333 182J_ 608 12 3.081 Tc• -l I ----2.234 --__ 6~697 633 08000 Senior Laboratory Analyst 53,377 2,881 526 192 172 31 5 182 I 608 12 2,914 I r 2,410 63,588 ~~~ ~:~~~ ~~~%~~~t1J:s~ctalisl_!I -: ~~:~~~ -;:!;~ i -~~~ ~~~ -~~~ =-~ : ~~~ ~~-~ ·-~~---~1~~ I --.-=-=:--_:.__ -2~0 j----=·-~-_ -... f ·--·---;:~~~ -, ~-~H~~ '64008ooosourceControl-Techniclan · --35,949 -i881j--526 --192(--172 --:--' -182 608 12 1,963~ ·~ -1··· -··-I ·-I ---42~483 632 _oa.·o~ot~chnicals_ervic~~-sistant __ 30,118 _4.647 ·1 ~.313 ~-192 --172 --178 ;--182 _6Q_8 -_12 ___ 1~74 __ ~-------J---·----290 5~2 ·39-.917 1 _5~_EJ~OOO Human Resources Supervisor 76,621 4,134 : 1,313 _ 192 1 172 450 182 608 12 _ 4~4 6.324 I ! I 94,192 510 _09000 Sr HumanJ3esources Analysl 72,380 l 2.881 ·_ 526 192 172 -1 182 608 12 3,952 . 1.448 500 : • I I 82.851 _2221 09000 jPrincipal Accounting Clerk 52,125 : 6,661 1,313 192 172 308 182 , 608 12 2,957 ! • 1,454 I J 6.065 583 72,631 110, Q9000 ·Executive Assistant II 56 ,963 I 4,647 1,313 192 172 336 182 1 608 12 3.197 ! 1 1,589 , , 2,640 71,850 510' 09000 Human Resources A1Jalyst 56,578 6,661 1,313 192 172 334 : 182 608 12 3,089 ! 1,398 1 -70.538 510 09000 Sr Humari Resources Analyst 61 ,402 2.881 526 192' 172 -182 1 608 12 • 3,353; ' I 69,326 10/24/2000 5 10 PM BHC Page 1Oof11 gbenslml -10-16-00 bhc . Orange County Sanitation District --------------Sa lary And Benefit Analysis -- ~-----------------At 10/18/00 -------·-----.. ' Insurance I Extra-Annual Div. Benefit Annual Flat h Flat I Flat Flat Flat Flat Flat Flat Percent Percent Non-Base Ordinary Leave --Position Salary Medical Dental Life STD LTD Vision W.Comp EAP OCERS Shift Dif No. Group Tuition BOP llS Building Standby Services Overtime Payout Total 510 1 09000 Human Resource Inf Sys Analyst 50,633 6,661 1,313 192 172 299 182 608 12 2,791 5,275 ' 478 -68,615 710 09000 Administrative Assistant-Conf. 52.125 4,647 1,313 192 172 308 182 608 12 3,008 1,454 I 2.225 1,515 67,759 510 09000 Human Resources Analyst 55,245 4,647 1,313 192 172 326 182 608 12 3,016 1,000 I . 66,712 510 09000 Human Resources Assistant 52, 125 4,647 1,313 192 172 -182 608 12 2,925 1,454 ' 250 -63,880 222 09000 Principal Accounting Clerk 52,125 2,881 1,313 192 172 308 182 608 12 2,867 l 2,447 392 63,498 210 09000 Administrative Assistant-Cont. 52,125 1,826 1,313 192 172 308 182 608 12 3,027 1,454 I 1,853 63,070 810 09000 Administrative Assistant-Conf. 52,125 1,925 526 192 172 . 182 608 12 2,925 1,454 I 2,226 ' -62,346 650 09000 Administrative Assistant-Conf. 49,643 2,881 1,313 192 172 I 293 182 608 12 2,711 I . 58,006 510 09000 Office Specialist 32,693 2,881 526 192 172 -182 608 12 1,785 1,398 I . 40,448 620 15000 Intern 14,560 2,922 1,313 192 172 . 182 608 12 795 -20,923 620 15000 Intern 14,560 2,881 1,313 192 172 -182 608 12 795 -20,714 880 15000 Intern 11,440 3,232 1,313 192 172 -182 608 12 625 I I -17,775 632 15000 Intern 11,440 2,881 1,313 192 172 . 182 608 12 625 I I -17,424 880 15000 Intern 10,400 2,881 526 192 172 -182 608 12 568 I . 15,540 820 15000 Intern 9,360 3,232 526 192 172 -182 608 12 511 I I -14,794 510 16000 Human Resources Assistant 38,676 2,160 526 192 172 283 182 608 12 2,227 2,105 I -47,142 720 16000 Engineering Aide II 36.972 2,881 526 192 172 297 182 608 12 2,019 907 -44,767 730 16000 Engineering Associate 31,752 2,323 1,313 192 172 309 182 608 12 1,734 895 1,410 I -40,902 632 16000 Senior Laboratory Analyst 29,048 3,330 1,313 192 172 327 182 608 12 1,600 250 I 859 -37,893 230 16000 Contracts Administrator 26,978 4,619 1,313 192 172 327 182 608 12 1,473 ' . 35,875 633 16000 Senior Laboratory Analyst I 29,048 1,440 1,313 192 172 289 182 608 12 1,586 " -34,842 634 16000 Technical Services Assistant 20,356 6,661 1,313 192 172 339 182 608 12 1, 111 322 -31,268 230 16000 Secretary 22,362 2,881 526 192 172 414 182 608 12 1,221 205 -28,774 830 16000 Secretary 22,344 2,323 1,313 192 172 339 182 608 12 1,220 -28,705 634 16000 Technical Services Assistant 20,356 4,134 1,313 192 172 337 182 608 12 1, 111 . 28,418 632 16000 Technical Service Assistant-PT 11,625 1,826 526 192 172 -182 608 12 635 I -15,777 820 20000 Scientist 25,200 2,881 526 192 172 149 182 608 12 1,376 -31,297 820 20000 Senior Scientist 19,640 6,661 1,313 192 172 -182 608 12 1,072 I I -29,852 610 20000 Administrative Assistant 12,423 4,134 1,313 192 172 . 182 608 12 834 --1,454 ----1,392 22,716 29,815,753 2,047,777 538,812 97,728 87,650 141,154 92,475 309,391 6,108 1,634,201 69,047 217,750 161,655 84, 179 54,664 75,752 1,232,775 485,152 37,649,584 I I I I 10/24/2000 5:10 PM BHC Page 11 of 11 gbenstmt -10-16-00 bhc t' .. FAHR COMMITTEE Meeting, Date To Bd. of Dir. 11/08/00 AGENDA REPORT Item Number Item Number FAHR0_0-90 Orange County Sanitation District FROM: Bob Ooten, Director of Operations and Maintenance Originator: Nick Arhontes, Manager of Collection Facilities Operations and Maintenance SUBJECT: U.S. EPA's proposed regulations on Capacity, Management, Operations and Maintenance (CMOM) of sanitary sewer systems GENERAL MANAGER'S RECOMMENDATION Information only SUMMARY New Environmental Protection Agency regulations will soon be published for final public comment. They may have significant financial impacts on all public agencies that own sanitary sewer systems. All Orange County cities, sanitary districts and combined water and sanitary districts that own sewer systems should pay close attention to these impending regulations. EPA has found that Sanitary Sewer Overflows (SSOs) caused by poor collection system management pose a substantial health and environmental challenge in some parts of our nation. The response to this challenge varies considerably from state to state. Many municipalities have asked for national consistency in the way permits are considered for wastewater discharges, including SSOs, and in enforcement of the law prohibiting unpermitted discharges. In response, since 1995, EPA has convened representatives of states, municipalities, health agencies, and environmental advocacy groups to advise the Agency on how to best meet this challenge. This SSO Federal Advisory Subcommittee examined the need for national consistency in permitting and enforcement, effective sewer operation and maintenance principles, public notification for SSOs with potential health or environmental dangers, and other public policy issues. The proposed CMOM regulations summarize the subcommittee's deliberations and activities. The make up of the Federal Advisory Subcommittee consisted of the following: American Public Works Association (APWA), Association of Metropolitan Sewerage Agencies (AMSA), Association of State, Interstate Water Pollution Control Administrators (ASIWPCA), Cahaba River Society, US EPA, National Association of Attorneys General (NAAG), National Association of Towns and Townships (NATAT), National Environmental Health Association (NEHA), National League of Cities (NLC), National Resources Defense Council (NRDC), New York & Texas Citizens' Campaign for the Environment, California Tri-Agency Technical Advisory Committee (TRI-TAC), and the Water Environment Federation (WEF). \lradonldata1'wp.dla\agenda\FAHRIFAHR2000\2000 Agenda Reports\FAHR00.90.dot Revised: 8/20l98 Page 1 EPA's proposed CMOM regulations are expected to be released by early November for public comment. Their focus is eliminating sewer spills. The final regulations will have an impact on the District and the upstream cities and agencies we serve. The program fundamentals will require an assessment of the status of the sewers and pump stations from which plans can be developed to ensure that the systems are designed properly, have adequate capacity, are properly operated and maintained, and the entire program is adequately funded in the long term. To ensure compliance with the regulations, a permitting mechanism will be developed. At issue for the District and the cities and agencies we serve will be whether the permit is a regional permit issued to the District or two dozen permits issued to each city and agency, or a combination of the two. The time line for full implementation of the CMOM regulations is unknown at this time but expected to be over the next two to five years. Nick Arhontes, Collection System Manager, is taking the lead to develop a white paper on the impact of the proposed regulations in the District's service area. Director McGuigan attended an all day workshop with staff held in the City of Garden Grove on September 20. The workshop was sponsored by the District and Brown and Caldwell. Presentations were given by EPA, the State Water Quality Control Board, the Santa Ana Regional Water Quality Control Board and others. Nick Arhontes made a presentation entitled "CMOM and Asset Management". Based on Director McGuigan's observations and comments, all Board Committees were requested to be briefed. A copy of the September 20th presentation Nick made is attached. A re-formatted version of the presentation will be shown at each Committee Meeting. Copies of the presentation made at the meetings will also be provided. PROJECT/CONTRACT COST SUMMARY Division 420, Collection Facilities O&M has budget funds this fiscal year to hire a consultant to conduct a preliminary assessment of the District's methods and practices in light of the proposed regulations. Expected to be completed in November, this assessment will be used to assist in long term planning and budget forecasting. Staff is also trying to obtain a copy of the proposed regulation's cost analysis recently developed by the President's Office of Management and Budget (OMB). All OCSD preliminary work products will be available for use by the cities and agencies for their use in developing their sewer system CMOM plans. We will also be discussing these issues with city and agency staffs this fall and winter in our Collection Facilities O&M Outreach Program. BUDGET IMPACT D 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. [8J Not applicable (information item) \lradonldala1WvJ>.dtalagendalFAHRIFAHR2000\2000 Agenda ReportslFAHR00.90.dot Revised: 8/20/98 Page2 T "'-ADDITIONAL INFORMATION None ALTERNATIVES N/A CEQA FINDINGS N/A ATTACHMENTS Copy of September 20th presentation. \l.radon\data1 \wp.dtalagenda\FAHR\FAHR2000\2000 Agenda Reports\FAHR00-90.dot llraclonldata1'tNp.dtalagenda\FAHRIFAHR2000\2000 Agenda Reports\FAHR00.90.dot RBYised: 8/20/98 Page3 CMOM and Asset Management City of Garden Grove September 20, 2000 Nick Arhontes Manager, Collection Facilities O&M Orange County Sanitation District As et Management Program Wli at Do You Own? +Records + Maps and drawings + Asset condition +Asset value + Other necessary data Asset Management Program What's Your Maintenance ogram? • Preventive, predictive, corrective • Staff and contractors + Documented +Training • Adequate maintenance and repair funds + Life cycle of capital improvement program (CIP) funds 1 set Management Program Do You Accommodate owth? + Connection permit process + Capacity assessment + Monitoring of flows + Capital improvement program + Design standards Asset Management Program H(I Do You Ftmd These Needs? + Adequate O&M revenue stream +Adequate CIP revenue stream CMOM Components + A new EPA permit process + New for cities and agencies ... NOT operating treatment facilities + Similarities to ocean discharge permit for stormwater + A written Asset Management Program required for communication and audit purposes 2 C OM Components (co••'dJ + A new auditing process by the EPA or it's agents + Audit the written program + Field visits with staff and/or contractors + An overflow (SSO) response and management plan + Fines for non-compliance + Growth limits may occur for non-compliance! •Logical +Documented + Auditable + But now more enforcement! H. w Do You Get Ready? + What do you own, what's it worth? + What's your written maintenance program? + What condition are the assets in? • How to you accommodate growth? + How will you fund the needs? • Who wants the permit? + How will you pay the fines when non-compliance occurs? 3 ' Public Comment Period B i11ni11g Soon + Review the implications to your city I agency with your staff and management + Provide input to: + OCSD Board Member + League of CA cities + Local Congressional Representative + Local state-elected officials A11 ual OCSD City I Agency O&~~ Ou eqch Meetings Beginning Soon. + Develop survey form in October +Focused meetings late November through February 2001 Questions? Nick Arhontes narhontes@ocsd.com (714) 593-7210 Patrick McNelly prncnelly@ocsd.com (714) 593-7163 4 ROLL CALL FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE Meeting Date: November 8, 2000 Time: 5:00 p.m. Adjourn: __ _ COMMITTEE MEMBERS Thomas R. Saltarelli (Chair) Q_., Mark Leyes (Vice Chair) ,_......, Shawn Boyd ~ John M. Gullixson &../ Shirley McCracken i--- Joy L. Neugebauer ,/ James W. Silva v Peer Swan I_.;--- Norman Z. Eckenrode (Board Chair) /" Peter Green (Board Vice Chair) i../' Jan Debay (Past Board Chair) i/ OTHERS Tom Woodruff, General Counsel Toby Weissert, Carollo Engineers STAFF Blake Anderson, General Manager V' David Ludwin, Director of Engineering v Bob Ooten, Director of 0 & M Lisa Tomko, Director of Human Resources ~ Gary Streed, Director of Finance ~ Patrick Miles, Director of Information Technoloav Robert Ghirelli, Director of Technical Services Lisa Lawson, Communications Manager _iL_ Nick Arhontes, Collection Facilities Maintenance v Manager Mike White, Controller L/' Jan Collins, Sr Human Resources Analyst v Lisa Arosteguv, Sr Human Resources Analyst v Jim Herberg, Engineering Supervisor vJ Penny Kyle, Committee Secretary ./ c: Lenora Crane 10/25/2000 Assumes 100% of Salaries and Benefits are Funded by User Fees . 10:10 AM ~,/~/)~ ::r 11/N/u0 r,#;dl?-17t1d<s Potential Impact of MOU Changes on SFR User Fee Rates Employee Type MOU? "Actual" Per Agenda Re~ort Per Agenda Re~ort Estimated Year 1 Changes {00-01} Year 2 Changes {01-02} Year 3 Changes (02-03) Three Year Total OCEA Yes Salaries $ 218,899 $ 0.25 $ 260,235 $ 0.29 $ 168,637 $ 0.19 $ 647,771 $ 0.73 Benefits 5,200 0.01 --5,200 0.01 Total OCEA $ 224,099 $ 0.25 $ 260,235 $ 0.29 $ 168,637 $ 0.19 $ 652,971 $ 0.74 Confidential No Salaries $ 45,253 $ 0.05 $ 44,966 $ 0.05 $ 47,664 $ 0.05 $ 137,884 $ 0.16 Benefits ---0 Total Confidential $ 45,253 $ 0.05 $ 44,966 $ 0.05 $ 47,664 $ 0.05 $ 137,884 $ 0.16 Local 501 Yes Salaries $ 616,824 $ 0.70 $ 566,828 $ 0.64 $ 275,592 $ 0.31 $1,459,244 $ 1.65 Benefits 2,000 0.00 --2,000 0.00 Total 501 $ 618,824 $ 0.70 $ 566,828 $ 0.64 $ 275,592 $ 0.31 $1,461 ,244 $ 1.65 SPMT Yes Salaries $ 724,092 $ 0.82 $ 482,728 $ 0.55 $ -$ ~ -$1,206,820 $ 1.37 Benefits 191 ,278 0.22 ---191 ,278 0.22 Total SPMT $ 915,370 $ 1.04 $ 482.728 $ 0.55 $ -$ -$1,398,098 $ 1.58 Manaqers & EMT No Salaries $ 170,618 $ 0.19 $ -$--,~_-. $ -$ ·-$ 170,618 $ 0.19 Benefits ----0 Total Mgr & EMT $ 170,618 $ 0.19 $ -$ -$ -$ -$ 170,618 $ 0.19 Grand Total Salaries $ 1,605,068 $ 1.82 $1,354,757 $ 1.53 $ 491,893 $ 0.56 $3,451,719 $ 3.91 Benefits 203,678 0.23 0 -0 -203,678 0.23 Grand Total $ 1,808,746 $ 2.05 $ 1,354,757 $ 1.53 $ 491 ,893 $ 0.56 $3,655,397 $ 4.14 To be determined by Board of Directors or by 5% $ 898,145 $ 1.02 future negotiations with SPMT. An outcome of between 5% and 6% would result in the following 6% ~ 1.079,498 $ 1.22 Adjusted Grand Total 5% $ 4,553,542 $ 5.15 Adjusted Grand Total . 6% $ 4, 734,895 $ 5.36 G:\excel.dta\fin\21 O\streed\gullixson mou percents Cf) 0::: $ CJ t5 -0 Q) Q) • en e 0 Cl.. c._ e Q) Cl.. en ~~ c Cl.. Q) L... L... ::J () -0 O') E -0 0 0) 0 -0 ~ 0) E I E o ..--.... +-' 0 !"'-> c Q I 2 °' ~o -----c E I 0 +-' ..--.... 0::: . -co u_ ~t5 Q) ~ -~ ~ L ~ Cf) C J-c 0 ·- L o E .en Q) :+::i Cf) 0 ......., ~o......., co ......., Q.) > ·-Q.) 0 > u_ Cf) ·- I !....... > "'O 0 Q.) co ,,, !....... > !....... \.LI • ~ Q.) ......., g ~ 0::: :::J CO I I I > -a <( e Q) c Q) Q. ·-0... o=: +-' <( c CJ) Q) Q) E ·-°' ~ (.) c ~ cu ~ ..c c Q) 6 w C) ·-+-' (.) :::::J "'O Q) o=: C L 0 co ·-..c +-' (.) (.) Q) -~ a:: c >-5 L C0 0 Q) ..0 -·c © LL L L ~ co Q) 0... 0 CJ) u 0 co 0 OJ LL Q; E +-' ·-co Q) 5 ..c co co Q) c CJ) <( e • • en Q) !....... >. LL © en ..c -ro ~ L() s ~ ~CJ 0) N ~ 0 ~ ......_ ..-.. ..c Q) @) ex:> 0 ~ --o en ~ 0 LO LL (].) !....... ro f;;R-~ • f;;R-<( o_cn f;;R-0 CJ) ~ (0 LL LL 0 <( <( ~ ro ........, c.o ·-......_ ........... ... ..c > 0 L() ("') c.o ·-+-' ("') ("') c.o ()_ ........, en ~ N II ·-!....... en Q) >. f;;R-f;;R-"'O CJ) c en 0 ..c LL CJ) ro ~ s ~ E Q) N 0::: CJ 0) ~ ~ 0 (f) @) ......_ +-' ~ LO ~ " s en ~ 0 ~ '-1-........, Q) f;;R-00 • f;;R-0 en en f;;R- (.9 co ~ 0 0 • LO N Q) () 00 O> Q) +-' c c ..c +-' cu ........, +-' ro ·-c "'O (].) ·-en +-' Q) c 0::: 0.. - 0 E Q) L.. :J ·-=> CJ +-' >-L.. en !....... ..c !....... :::J 0 Q) en . . ro Q) (.) CJ +-' c +-' +-' c 0 0.. +-' -Q) z ro I -c c 0.. ..._.... CJ :J 0 Q) 0 ......., z 0::: en !....... Cf) s Q) Q) 0::: 0 0 !....... s Q) s s s CJ +-' 0 0 c Cl.. CJ ~ ~ ... c Q) Q) c: >iC> ... CC) t'U ... t'U ... 0 (!)~ .c t'U 3: Q);; <( Q) .c: ·.::::: (J ~ ... (J t'U ... Q) 0 0 Q) Q) t'U ·-0 ,.._ -LL ct: Cl) cc.: >-w LL <( t'U 0 E Jil:: en 0 ... t'U (C 0 Q) ~ za.. (C <( N J: c D... (!) ~ >o en ::::> ,.._ 1-•• ~~·~· --~--=~ ~l 111 ~ 3: (!) 1 -J ~ c (!) ~ c c 0 ,.._ (!) I ~ 0 w 0 M en oc ,.._ (!) 0 ~ I -J ~ D... >-0 ct: I-<tz Cw ~ c ~:3 Cl) (.)LL D... U WU. 0 (l)W ....-... ...c s ~ --L.. L.. L.. '+-co <' --~ ro 0 ~ --. en ~ ~ ~ ~ .__ 0 ~ I'-00- .+-' I'-N 0 co co (0 en co c.o LO . . . ~ II ~ N N I"-CJ) L.. ~ 00-00-{;R-0 (;A-00-Q) s u 0 0... ... <( en L.. 0 (\1 s +-' Q) Q) en ~ u 0 ....-... c LO en CJ) (.) 0 N 0 ......, +-' ro ro CJ) c n:: II 0 0 cu cu "'C 0 ..c: () ,.__ ::J 0 t:: wf-J CJ c en (0 ... a.. wf-J CJ) +-' c E ~ Cf) Q) + en ... 0 <( <O 0 0 ·-0 tO ....... CJ) (.) N u "'C Q) rt) +-' II () wf-J () ......_.. en cu c (\1 Cf) ·-+-' 0 @) ......... ro LL :::1 +-' 0 2: en (.) LL 0 Q) wf-J 0... u Q) wf-J +-' 0.. cu 0 (\1 Cf) (.) (\1 Cf) 0 ......., (.) 0 z ro Cf) co +-' ~ ::J u 0... ..c c u ......_.. (.) +-' :J ~ (\1 Q) Q) c wf-J (.) 0 z c 0 0 <( wf-J ·-Q) c c z I <( I :J e e e .......-... ..c s ~ --!...... !...... !...... co >. >. '+-0 --ro ----~ . ~ ~ ~ ~ ~ ............. 0 en LO fF.>- N LO co CV) (0 ..._, ~ co . II 0 . . LO en ~ LO ~ co ~ ~ fF.>-fF.>-~ f:Fj-!...... 0 v;. fF.>-Q} s u 0 Cl.. .... (() Cf} ..-!...... 0 (/) cu (]) s $ +-' Q} Q) c Cf} >. u 0 0 .......-... ~ LO en ........ () 0 N 0 +-' (.) ro Cf} (]) 0:: .___, II ro 0 c cu 0 0 () L-:J "'O c:: _c +-' 0 0) 0 "+-c +-' Cf} ~ +-' E 0 .... (}_ en Q} f'.. Cf} c ... ~ 0 <( 0 0 0 ~ 0 co +-' f:/7-Cf} u u (/) "'O Q} N +-' N 11 (.) (]) +-' (.) ...._,. Cf} cu -0 c cu en ·-+-' 0 @) ........ ro ::::l :J c Cf} LL +-' 0 () (.) +-' c LL Cl.. u Q} 0 +-' Q} u +-' c.. cu ..._ cu en en 0 0 cu ro +-' I u 0 z en ro +-' ~ :J u Cl.. u +-' .c c u ...._,. cu Q} :::J Q} ~ c +-' u 0 z c 0 0 <( +-' Q) ·-c c z <( :J e e e Additional, Grant Funding P,'h1a1s,e, 11 B · Base Case Assumptions Interest @ 6% Repayment @ 25 years Power@ $0.08/kwh MWD Local Project Funding Assumptions Contribution = $125 I AF Amount= 40,000 AF U::-700 MWD Non- ::S Interruptible e 600 ~l@$DM Additional Capital Grants Rate ($435/AF) en ........ en 8 500 ..-------/ !.... CL> ........ co s ........ () ::J "'O 0 !.... a.. 0 s 0 0 400 I Capital Grants _____.---... 300 pl us MWD LRP -- @ $125/AF ~:: I . -. -. -. -. -. ~:~~--. -. W0@$50M . ~·@$53M-.' w: . >AX-I.& ...... 0 $OM $25M $SOM $75M Additional Capital Grant Funding Additional Grant Funding P,l h:a1se 11 C - Base Case Assumptions Interest @ 6% Repayment @ 25 years Power@ $0.08/kwh MWD Local Project Funding Assumptions Contribution = $125 I AF Amount= 40,000 AF G:' 700 ----------------------- ~ ~ 600 Additional Capital Grants WO Non-(j) ........ (j) 8 500 T Interruptible ~ Rate ($435/ AF) !.... Q.) ........ ro s ........ (.) ::J ""O 0 !.... 0.. 0 s 0 0 4oo 1 1 Capital Grants / 300 . pl us MWD LRP @ $125/AF -- 1 · · -· -· -· -· -· -· -· -· 200 MWD 1 OO Replenishment $209@$83M 0--t-~~~~--t-~~~~-t-~~~~---+~~~~~ $OM $40M $83M Additional Capital Grant Funding EPA 's Proposed CMOM (Capacity, Management, and O&M) Regulation Orange County Sanitation District OM Components + A new EPA permit pr.ocess + New for cities and agencies (satellites), not operating treatment facilities + Similarities to Orange County NPDES Program for stormwater + A written management program + Capacity and design issues + Fines for non-compliance CJIOM Components (c••t'JJ • An auditing process by the EPA or its agents + Audit the written program + Field visits with staff and/or contractors + A sanitary sewer overflow (SSO) response, reporting, notification and management plan + Growth limits may be imposed for non-compliance! 1 • Internal white paper • CMOM Task Force with staff and State Board • Review State Board survey results • Presentations to regional groups • Staffing plan impacts? • Pilot test new State Board SSO database • Preliminary CMOM audit underway How Do You Get Ready? • How's your Asset Management Program? • How's your written maintenance program? • What condition are the assets in? • How do you accommodate growth? • How will you fund the needs? • Who wants the permit? • How will you pay the fines when non-compliance o·ccurs? P@lic Comment Period May Begin Soon • Review the implications for your city I agency with your management team • Provide input to: + OCSD for AMSA, CASA, etc. + League of CA cities • CA senators and representatives + State of CA elected officials 2 ... ual OCSD City I Agency O&M reach Meetings Beginni~g Soon • Develop survey form in October • Focused meetings late November through February 2001 • Updates on CMOM status • Linkage to city efforts on GASS 34's - "modified approach" for "asset preservation" Visit Our Website: www.OCSD.com 3 FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Michael White, Controller Meeting Date 11/08/00 Item Number FAHR00-81 SUBJECT: TREASURER'S REPORT FOR THE MONTH OF OCTOBER 2000 GENERAL MANAGER'S RECOMMENDATION Receive and file Treasurer's Report for the month of October 2000. SUMMARY To Bd. of Dir. 11/15/00 Item Number 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" portfolios. 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. (Line item: ) D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. [gJ Not applicable (information item) \lradonldata 1 lwp.dtalfin\21 O\cranelFAH R\F ahr2000\Nov\F AHR 110800TreasRplNov.doc Revised: B/20/96 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 transactiens for the month is attached. The attached yield analysis report is preserited as a monitoring ahd 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. These reports accurately reflect all District investments and are in compliance with California Government Code Section 53646 and the District's Investment Policy. Sufficient liquidity and anticipated revenues are available to meet budgeted expenditures for the next six months. 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 wrTrustees Petty Cash TOTAL ALTERNATIVES None. CEQA FINDINGS None. ATTACHMENTS 1. Monthly Investment Reports 2. Monthly Transaction Report MW:lc llradonldala 1 lwp.dlalfin\21 Olcrane\FAHRIF ahr20001NovlFAHR 11 OBOOT reasRplNov .doc Revised: 8120/98 Book Balances Estimated October 31, 2000 Yield(%) $10,987,117 6.5 462,866 N/A 1,499,000 5.8 33,621,395 6.5 349,859,487 5.4 1,703 5.8 35,250,891 6.4 8 000 N/A $43:1690459 Page 2 Prepared by Finance, 11/08/2000, 8:49 AM Monthly Treasurer's Report D_istrict Fund Balances $450,000,000 -.-------------------------------- $400,000,000 I ~ $350,000,000 I ~ ~ ~ $300, 000, 000 -t--J:.XX)oot---l>OOOO<'.J-----DOOO<'.)t----NV'. $250, 000 I 000 +--t:X>Ooot---b6666<.1----MNX'>f----PQ<.XXXl----r>O<:X~---(>0000f-~ $200 I 000, 000 -t--J:XX:~f-----bO("XX)o(}-------i'.)<('}(")(~----f"00:.AAJf-----{)()()()()f-----J:)(X.)<;:>Of---I $150,000,000 -+--rXSO~---tmQQi----t~~---lm~~--~XX>l---OOWt-----1 $100,000,000 +---tXX>OOi---~;(9)(1-----M~SJ----w~~---t'>OO<~---f;'(QQQQf--I $50,000,000 +---t::>OO::x.>t-----b00<.)6{1--------1~~----lPQQCQQ<Jf---~>001----0<XXX>l-----I $0 I V'v''v''v'\6J lXXXX)I , !}{xxxxr , WVVVVl L>S.>ps.xx1 V\.(\t\61\! I May, 00 Jun, 00 Jul, 00 E!I PIMCO -Long-term ~Debt Service Reserves c:J Bank Accts m Dist 11 GO Bond Fund G:\excel.dta\fin\2220\geggi\Finance\monthly treasurers report Aug,00 Ill PIMCO -Short-term aLAIF Petty Cash Sep, 00 Oct, 00 MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ended 31 October 2000) Long-Term Operating Monies (203) 15.1.1 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 RA TE CHANGE Dollar Impact (gain/loss) of I% 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: I Month: 3 Months: 12 Months: Year-to-Date: Commentary $350,463,064 $349 ,859 ,487 $347,833,781 $349,486,790 2.25 2.26 $7,977,722 0% 34% "AA+" 0% Yes Portfolio Index 0.73 0.45 2.47 2.30 7.02 6.29 6.74 6.10 • Three-month yields incre.ased during October (90-day T-Bills up 17 basis points to 6.38%), however longer maturities declined (5-year Treasury Notes down 4 basis points to 5.81 %). • The Long-Tenn portfolio outperfonned its benchmark by 28 basis points in October, and has outperfonned by 64 basis points year-to-date. • PIMCO's index duration was neutral for perfonnance. • PIMCO's focus on higher quality securities and an underweight allocation to corporates enhanced returns significantly as corporates underperfonned the broader market. • Holdings of mortgage backed securities enhanced returns as this sector outperformed the broader market. \\radtJ11\datal\11p.dJa',fi11\220\white\Treast1ry Mgmt\L-T0800-0ct00.RPT.doc MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ended 31 October 2000) Liquid Operating Monies (603) 15.1.1 PORTFOLIO COST AND MARKET VALUE Current Market Value Estimate: • PIM CO • Mellon Historical Cost: • PIM CO • Mellon 15.1.2 MODIFIED DURATION Of Portfolio: Oflndex: 15.1.3 1 % INTEREST RA TE 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: 1 Month: 3 Months: 12 Months: Year-to-Date: Comme11tary $33,627,054 $33,621,395 $33,658,295 $33,658,327 0.27 0.20 $91,990 0% 56% "AA+" 3% (See Note) See Note Portfolio Index 0.57 0.52 1.71 1.53 6.49 5.74 5.53 4.87 • Interest rates at the short-end of the yield curve rose in September (three-month T-Bills up 17 basis points to 6.38%), while the long-end posted decreases (30-year Treasuries down 10 basis points to 5.79%). • The Liquid portfolio outperformed its benchmark by 5 basis points in October, and outperformed by 66 basis points year-to-date. • PIMCO's emphasis on higher yielding securities such as commercial paper and short-term notes enhanced returns. • NOTE: ICI Wilmington debenture, $1,000,000 par amount, 9.5% coupon, maturing on November 15, 2000 (currently rated BBB+ by S&P), are held in the Liquid Operating Monies portfolio. H:\wp.dla'!fin\220\white\Treas11ry Mgmt1LIQ0800-0ct00.RPT.doc @ II ORANGE COUNTY SANITATION DISTRICT II PAGE: l BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 31-0CT-2000 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS RECEIVABLES 51,029.78 51,029.78 0.01% 0.00 PAYABLES -34,084,453.13 -34,084,453.13 -9.63% 0.00 TOTAL -34,033,423.35 -34,033,423.35 -9.62% 0.00 UNITED ST A TES COMMERCIAL PAPER-DISCOUNT 49,213,049.53 49,213,049.53 13.90% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 1,775,857.77 I, 775,857. 77 0.50% 0.00 FNMA ISSUES -LESS THAN 1 YR 1,090,026.67 1,090,026.67 0.31% 0.00 MUTUAL FUNDS 534,951.49 534,951.49 0.15% 0.00 TOT AL UNITED STA TES 52,613,885.46 52,613,885.46 14.86% 0.00 TOTAL CASH & CASH EQUIVALENTS 18,580,462.11 18,580,462.11 5.25% 0.00 FIXED INCOME SECURITIES UNITED ST A TES U.S. GOVERNMENTS 45,368,315.85 45,760,730.04 12.93% 392,414.19 U.S. AGENCIES 122,021,628.45 122, 784,400.80 34.69% 762,772.35 GNMA SINGLE FAMILY POOLS 28,211,406.25 28,228,835.00 7.98% 17,428.75 GNMA MULTI FAMILY POOLS 14,025,203.97 14,084,297.16 3.98% 59,093.19 FHLMCPOOLS 8, 122,831.82 7,970,661.99 2.25% -152,169.83 FHLMC MULTI CLASS 4,919,583.61 4,787,618.25 1.35% -131,965.36 ASSET BACKED SECURITIES 9,765.90 9,747.55 0.00% -18.35 ABS: HOME EQUITY 183,319.68 182,745.89 0.05% -573.79 MUTUAL FUNDS 1,000,000.00 994,520.00 0.28% -5,480.00 BANKING & FINANCE 73,670,993.81 73,462,550.42 20.76% -208,443.39 INDUSTRIAL 7,126,189.00 6,929,440.45 1.96% -196,748.55 UTILITY -ELECTRIC 8,096,080.00 7,957,430.00 2.25% -13°8,650.00 UTILITY -GAS 7,300,000.00 7,304,526.00 2.06% 4,526.00 UTILITY -TELEPHONE 7,497,255.00 7,375,950.00 2.08% -121,305.00 G. 0. CITY/MUNI 1,723,280.00 1,760,540.00 0.50% 37,260.00 HOSPITAL 1,630,474.05 1,685,031.30 0.48% 54,557.25 TOTAL UNITED STATES 330,906,327.39 331,279,024.85 93.60% 372,697.46 08-Nov-2000 10:36:54 Executive Workbench @ II--ORANGE COUNTY SANITATION DISTRICT II OCSF07522202 LONG TERM OPER-PIMCO PORTFOLIO DISTRIBUTION TOTAL FIXED INCOME SECURITIES OTHER PORTFOLIO ASSETS PAYABLES/RECEIVABLES TOTAL TOTAL OTHER PORTFOLIO ASSETS NET PORTFOLIO ASSETS 08-Nov-2000 10:36:54 . ' NET ASSET SECTOR SUMMARY 31-0CT-2000 COST MARKET VALUE 330,906,32 7 .39 331,279,024.85 4,087,893.17 4,087,893.17 4,087,893.17 4,087,893.17 4,087,893.17 4,087,893.17 353,574,682.67 353,94 7 ,380.13 %OF TOTAL 93.60% 1.15% 1.15% 1.15% 100.00% PAGE: 2 BASE: USD FINAL UNREALIZED GAIN/LOSS 372,697.46 0.00 0.00 0.00 372,697.46 Executive Workbench @ /I ORANGE COUNTY SANITATION DISTRICT II OCSF07511102 LIQUID OPER-PIMCO PORTFOLIO DISTRIBUTION CASH & CASH EQUIVALENTS UNITED STA TES COMMERCIAL PAPER -DISCOUNT TREASURY BILLS -LESS THAN 1 YR FEDERAL HOME LOAN MORTGAGE -LESS FNMA ISSUES -LESS THAN IYR MUTUAL FUNDS TOT AL UNITED ST A TES TOTAL CASH & CASH EQUIVALENTS FIXED INCOME SECURITIES UNITED ST A TES U.S. AGENCIES BANKING & FINANCE INDUSTRIAL UTILITY -GAS UTILITY -TELEPHONE TOT AL UNITED ST ATES TOTAL FIXED INCOME SECURITIES OTHER PORTFOLIO ASSETS PAYABLES/RECEIVABLES TOTAL TOTAL OTHER PORTFOLIO ASSETS NET PORTFOLIO ASSETS 08-Nov-2000 10:33:45 NET ASSET SECTOR SUMMARY 31-0CT-2000 COST MARKET VALUE 5,0 I 0,970.00 5,010,970.00 6,603,640.56 6,603,640.56 5,637,539.12 5,637,539.12 6, 175,208.91 6, 175,208.91 249,296.22 249,296.22 23,676,654.81 23,676,654.81 23,676,654.81 23,676,654.81 270,789.06 273,022.75 6,581,286.00 6,576,393.90 1, 125,590.00 1,103,688.00 495,845.00 498,895.00 1,508,162.20 1,492, 7 40.20 9,981,672.26 9,944,739.85 9,981,672.26 9,944,739.85 444,640.28 444,640.28 444,640.28 444,640.28 444,640.28 444,640.28 34,102,967 .35 34,066,034.94 %OF TOTAL 14.71% 19.38% 16.55% 18.13% 0.73% 69.50% 69.50% 0.80% 19.30% 3.24% 1.46% 4.38% 29.19% 29.19% 1.31% 1.31% 1.31% 100.00% - PAGE: 1 BASE: USD FINAL UNREALIZED GAIN/LOSS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,233.69 -4,892.10 -21,902.00 3,050.00 -15,422.00 -36,932.41 -36,932.41 0.00 0.00 0.00 -36,932.41 Executive Workbench YLDANAL OCSF07511102 DISTRICT: LIQUID OPERATING YIELD ANALYSIS 2000/10/31 PAGE RUN DATE RUN TIME 1 11/06/00 15.23.05 ============================================================================================================================= PAR VALUE SECURITY ID SECURITY DESCRIPTION CASH & CASH EQUIVALENTS 249,296.22 DREYFUS TREASURY CASH MGMT 996085247 6,800,000.00 U S TREASURY BILL 912795GC9 04/19/2001 DD 10/19/00 2,300,000.00 FEDERAL HOME LN MTG CORP DISC 313396N66 MAT 11/07/2000 673 1 000.00 FEDERAL NATL MTG ASSN DISC NT 313588S48 MAT 12/07/2000 2,300,000.00 FEDERAL HOME LN MTG CORP DISC 313396Q55 MAT 11/22/2000 5,600,000.00 FEDERAL NATL MTG ASSN DISC NTS 313588M93 MAT 11/02/2000 1 1 100,000.00 FEDERAL HOME LN MTG CORP DISC 313397AL5 MAT 01/11/2001 900,000.00 VERIZON GLOBL FDG DISC 92344AMCO 12/12/2000 900 1 000.00 BECTON DICKINSON DISC 07588RLU7 11/28/2000 600 1 000.00 HONEYWELL INTL DISC 43851RLMO 11/21/2000 900,000.00 HEINZ H J CO DISC 42307JNN6 01/22/2001 900,000.00 GENERAL ELEC CAP DISC 36959HNK9 01/19/2001 900,000.00 DAIMLERCHRYSLER DISC 2338EONXO 01/31/2001 YTM AT BOOK .ooo 6.297 6.456 6.464 6.479 6.541 6.545 6. 568 6. 576 6,638 6.642 6.663 6.665 CURRENT MOODY MARKET YIELD S-P PRICE 6.331 .000 .000 .ooo .000 .000 .000 .000 .000 .ooo .000 .ooo .ooo AAA AAA P-1 A-1+ P-1 A-1+ P-1 A-1+ P-1 A-1+ P-1 A-1+ P-1 A-1+ P-1 P-1 P-1 100.000 97 .112 99.129 99.004 98.773 98.373 98.708 98.508 98.542 98.367 97.869 98.308 97.968 TOTAL COST/ MARKET VALUE 249,296.22 249,296.22 6,603,640.56 6,603,640.56 2,279,964.45 2,279,964.45 666,299.91 666,299.91 2,271,786.67 2,271,786.67 5,508,909.00 5,508,909.00 1,0851 788.00 1,085,788.00 886,574.75 886,574.75 886,878.00 886,878.00 590,205.00 590,205.00 880,825.00 880,825.00 884,771.25 884,771.25 881,716.00 881,716.00 % TYPE % TOTAL 1. 05 .74 27. 89 19.64 9.62 6.78 2.81 1. 98 9.59 6.76 23.26 16.39 4.58 3.23 3.74 2.64 3.74 2.64 2.49 1. 76 3.72 2.62 3.73 2.63 3.72 2.62 YLDANAL YIELD ANALYSIS PAGE : 2 OCSF07511102 2000/10/31 RUN DATE : 11/06/00 DISTRICT: LIQUID OPERATING RUN TIME : 15.23.05 -------------------=====-=:.=======---====:=::::::=:=:=:==.====:====:======:::=--==---=========~== PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ---------------~ ----------·---------------------~---------------------------------------- --------------------------~--------------TOTAL CASH & CASH EQUIVALENTS 6.329 .101 23,676,654.81 100.00 23,676,654.81 70.43 FIXED INCOME SECURITIES 900,000.00 GENERAL MTRS CORP NTS 6.425 9.610 A2 100.158 922,860.00 9.06 370442AH8 9.625% 12/01/2000 DD 12/01/90 A 901,422.00 2.68 500,000.00 GTE CORP DEB 6.669 9.363 A2 100.132 512,080.00 5.03 362320AQ6 9.375% 12/01/2000 A+ 500,660.00 1. 49 440,000.00 FORD MTR CO DEL 6.844 8.878 A2 101. 375 448,219.20 4.48 345370AY6 9.000% 09/15/2001 DD 09/15/91 A 446,050.00 1. 33 1,002,000.00 WORLDCOM INC SR NTS 6. 845 6.186 A3 99.010 996,082.20 9.97 98155KAF9 6.125% 08/15/2001 DD 08/11/98 A-992,080.20 2.95 175,000.00 CIT GROUP HLDGS MTN # SR 00010 6.862 5.659 Al 99.407 173,383.00 1. 74 12560QAK5 5.625% 02/02/2001 DD 02/02/96 A+ 173,962.25 .52 500,000.00 UGI UTILS INC MTN #TR 00006 6.899 6.184 A3 99.779 495,845.00 5.01 90269QAF6 6.170% 03/06/2001 DD 03/06/98 A-498,895.00 1. 48 200,000.00 HELLER FINANCIAL INC NTS 6.943 5.843 A3 98.410 197,772.00 1.97 42333HKJO 5.750% 09/25/2001 DD 09/25/98 A-196,820.00 .59 200,000.00 BURLINGTON RES INC NT 6.960 8.405 A3 101.133 202,730.00 2.03 122014AD5 8.500% 10/01/2001 DD 10/17/91 A-202,266.00 .60 250,000.00 CHASE MANHATTAN CORP NEW SUB 6.984 9.236 Al 101.500 254,730.00 2.55 16161ABL1 9.375% 07/01/2001 DD 07/01/89 A 253,750.00 .75 275,000.00 FEDERAL HOME LN BK CONS BOS 7.058 5.177 AAA 99.281 270,789.06 2.74 3133M6EA2 5.140% 05/02/2001 DD 11/02/98 AAA 273,022.75 .81 500,000.00 BANPONCE FINL CORP MTN #00081 7.316 6.769 A3 99.725 496,495.00 5.01 06670QDJ4 6.750% 08/09/2001 DD 08/09/96 BBB+ 498,625.00 1. 48 1,000,000.00 ICI WILMINGTON INC GTD NT 7.344 9.495 BAA2 100.055 1,008,480.00 10.06 449909AA8 9.500% 11/15/2000 BBB+ 1,000,550.00 2.98 l,000,000.00 ARISTAR INC SR NT 7.346 7.735 A3 100.196 1,003,830.00 10.07 040420AT8 7.750% 06/15/2001 DD 07/07/94 A-1,001,960.00 2.98 YLDANAL OCSF07511102 DISTRICT: LIQUID OPERATING PAR VALUE SECURITY ID SECURITY DESCRIPTION l,000,000,00 FLEET/NORSTAR FINL GROUP INC 339018AD5 9.900% 06/15/2001 DD 06/24/91 575,000.00 FCC NATL BK DE MTN f TR 00284 30241NMV4 6.375% 03/15/2001 DD 03/14/96 420,000.00 BANKAMERICA CORP SR NT 066050CJ2 6.650% 05/01/2001 DD 05/01/96 1,0001 000.00 DONALDSON LUFKIN & JEN TROOOll 25766CAL8 6.110% 05/15/2001 DD 05/27/98 TOTAL FIXED INCOME SECURITIES TOTAL YTM AT BOOK 7.365 7.426 7.441 7.530 -------- 6.907 6.496 YIELD ANALYSIS 2000/10/31 CURRENT MOODY MARKET YIELD S-P PRICE 9.751 A3 101. 524 A- 6 .383 AA2 99.875 AA- 6.654 AA2 99.937 A+ 6 .138 A3 99.542 A- ----- 7.971 2.378 PAGE RUN DATE RUN TIME TOTAL COST/ MARKET VALUE 1,024,020.00 1,015,240.00 570,262.00 574,281.25 417,034.80 419,735.40 987,060.00 995,420.00 -----------------9,981,672.26 9,944,739.85 ~--~---~-~---33,658,327.07 33,621,394.66 ~--~---~-~~- 3 11/06/00 15.23.05 % TYPE % TOTAL 10.20 3.02 5. 77 1. 71 4.22 1. 25 10.00 2.96 ----·--.----100.00 29.58 ------- 100.00 100.00 • YLDANAL OCSF07522202 DISTRICT: LONG-TERM OPERATING PAR VALUE SECURITY ID SECURITY DESCRIPTION CASH & CASH EQUIVALENTS 534,951.49 DREYFUS TREASURY CASH MGMT 996085247 11 100,000.00 FEDERAL NATL MTG ASSN DISC NT 313588S48 MAT 12/07/2000 11 300,000.00 FEDERAL HOME LN MTG CORP DISC 313396U27 MAT 12/21/2000 500,000.00 FEDERAL HOME LN MTG CORP DISC 313396R54 MAT 11/30/2000 61 300 1000.00 VERIZON GLOBL FDG DISC 92344ALA5 11/10/2000 5,7001000.00 CAMPBELL SOUP CO DISC 13443AM77 12/07/2000 1 1 0001 000.00 VERIZON GLOBL FDG DISC 92344AMCO 12/12/2000 11,300,000.00 HONEYWELL INTL DISC 43851RMF4 12/15/2000 7,600,000.00 MINNSTA MNG & MFG DISC 60406AMK4 12/19/2000 7,100,000.00 AMERICAN TEL & TL DISC 03018AMDO 12/13/2000 800,000.00 DAIMLERCHRYSLER DISC 2338EOML7 12/20/2000 3001 000.00 DAIMLERCHRYSLER DISC 233BEONXO 01/31/2001 6 1 2001 000.00 GENERAL ELEC CAP DISC 36959HNA1 01/10/2001 l,000,000.00 HONEYWELL INTL DISC 43851RLMO 11/21/2000 YTM AT BOOK . 000 6.459 6. 489 6.519 6.563 6.564 6.568 6.576 6.579 6.603 6.629 6.634 6.638 6.638 YIELD ANALYSIS 2000/10/31 CURRENT MOODY MARKET YIELD S-P PRICE 6.331 .ooo .ooo .000 .ooo .000 .ooo .ooo .000 .ooo .ooo .000 .ooo .ooo AAA AAA P-1 A-1+ P-1 A-1+ P-1 A-1+ P-1 P-1 P-1 P-1 100.000 99.093 98.631 98.731 98. 740 98.562 98.508 98.241 98.488 98.447 98.210 98.137 98.367 98.367 PAGE RUN DATE RUN TIME TOTAL COST/ MARKET VALUE 534,951.49 534' 951. 49 1,090,026.67 1,090,026.67 1,282,204.44 1,282,204.44 493,653.33 493,653.33 6,220,620.00 6,220,620.00 5,618,046.67 5,618,046.67 985,083.06 985,083.06 11,101,283.22 11,101,283.22 7,485,088.00 7,485,088.00 6,989,752.78 6,989,752.78 785,678.00 785,678.00 294,412.25 294,412.25 6,098,785.00 6,098,785.00 983,675.00 983,675.00 4 11/06/00 15.23.05 % TYPE % TOTAL 1. 01 .14 2.07 .28 2.43 ,33 .93 .13 11.82 1. 62 10.67 1. 46 1. 87 .26 21.09 2.89 14.22 1. 95 13.28 1. 82 1. 49 .20 .55 .OB 11.59 1. 59 1. 86 .26 YLDANAL YIELD ANALYSIS PAGE 5 OCSF07522202 2000/10/31 RUN DATE 11/06/00 DISTRICT: LONG-TERM OPERATING RUN TIME 15.23.05 ============================================================================================================================= PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ~-~---------~----------------------------------------------------------------------------- 1,900,000.00 DU PONT DE NEMOUR DISC 6.646 .ooo P-1 97.957 1,861,175.09 3.53 26354AM68 12/06/2000 1,861,175.09 .48 800,000.00 BELL ATLNTIC FINL DISC 10. 022 .ooo P-1 98.681 789,450.46 1. 50 07785AL19 11/01/2000 789,450.46 .21 ----------------------------------- TOTAL CASH & CASH EQUIVALENTS 6.451 .123 52,613,885.46 100.00 52,613,885.46 13.70 FIXED INCOME SECURITIES 288,695.10 FHLMC GROUP #78-6064 .ooo 6.490 AAA 97.844 281,658.17 .OB 3134BSWZ3 6.384% 01/01/2028 DD 12/01/97 AAA 282,470.83 .07 1,232,298.47 GNMA II POOL #0080395 .ooo 6.510 AAA 99.844 1,221,130.76 .37 36225CNM4 6.500% 04/20/2030 DD 04/01/00 AAA 1,230,376.08 .32 9,893,416.34 GNMA II POOL #080408X .ooo 6.510 AAA 99.844 9,792,936.33 2.98 36225CN28 6.500% 05/20/2030 DD 05/01/00 AAA 9,877,982.61 2.57 8,842,142.00 US TREASURY INFLATION INDEX NT 3. 715 3.618 AAA 100.187 8,812,722.19 2.67 912B273AB 3.625% 07/15/2002 DD 07/15/97 AAA 8 1 858,676.Bl 2.31 25,070,230.00 US TREASURY INFLATION INDEX NT 3.820 3.465 AAA 97.406 24,223,406.16 7.37 9128272M3 3.375% 01/15/2007 DD 01/15/97 AAA 24,419,908.23 6.36 1,883,762.40 SALOMON SMITH BARNEY HLDGS INF 4 . 711 3.684 AA3 99.073 1,849,861.61 .56 79549BBG1 3.650% 02/14/2002 DD 02/14/97 A 1,866,299.92 .49 1,500,000.00 ASSOCIATES CORP N A SR NTS 5.650 6.554 Al 99.176 1,543,215.00 .44 046003HYB 6.500% 07/15/2002 DD 07/11/97 A+ 1,487,640.00 .39 3,950,000.00 GMAC NTS 5.752 6.845 A2 100.232 3,918,768.50 1.19 370425QV5 FLTG RT 08/18/2003 DD 08/17/98 A 3,959,164.00 1. 03 1,000,000.00 HELLER FINANCIAL INC NTS 5.760 5.843 A3 98.410 999,730.00 .29 42333HKJO 5.750% 09/25/2001 DD 09/25/98 A-984,100.00 .26 1,000,000.00 HOUSEHOLD FIN MTN SR #00570 5.775 6.898 A2 100.161 999,188.90 .30 44181KZT4 FLTG RT 08/01/2001 DD 09/04/98 A 1,001,610.00 .26 6,250,000.00 COMMIT TO PUR GNMA SF MTG 5.792 6.368 AAA 94.218 5,873,046.88 1. 77 OlN0606B7 6.000% 11/15/2028 AAA 5,888,625.00 1.53 YLDANAL YIELD ANALYSIS PAGE : 6 OCSF07522202 2000/10/31 RUN DATE : 11/06/00 DISTRICT: LONG-TERM OPERATING RUN TIME : 15.23.05 ======-===-==.::===~=--r=;===========.=.===-====-===--=::=---:--=.:::;=:, PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ------------------------~--------~-------------------------------~-------------- 2,oos,000.00 SEARS ROEBUCK ACCEP CORP MTN 5.804 6.632 A3 98.609 2,060,739.00 .59 81240QGW6 6.540% 02/20/2003 DD 02/20/97 A-1,977,110.45 .52 3,000,000.00 SEARS ROEBUCK ACCEP CORP MTN 5.849 6.661 A3 99.531 3,073,170.00 .90 81240QJA1 6.630% 07/09/2002 DD 07/09/97 A-2,985,930.00 .78 2,000,000.00 BANKERS TR NY CORP GLOBAL NT 5.881 6.794 Al 100.357 1,992,800.00 .60 066365DW4 FLTG RT 05/11/2003 DD 05/11/98 A-2,007,140.00 .52 145,834.05 FHLMC MULTICL MTG P/C 1574 E 5.912 5.922 99.625 145,628.97 .04 3133T02D5 5.900% 06/15/2017 145,287.17 .04 1,945,000.00 NEW JERSEY HLTH CARE SER B 5 .942 5.483 AAA 86.634 1,630,474.05 .so 64579ERMO 4.750% 07/01/2028 DD 12/01/98 AAA 1,685,031.30 .44 14,500,000.00 COMMIT TO PUR GNMA SF MTG 5 .953 6.734 AAA 96.531 13,966,406.25 4.22 01N0626B3 6.500% 11/15/2030 AAA 13,996,995.00 3.65 ls,000,000.00 FEDERAL NATL MTG ASSN MTN 5.981 5.854 AAA 99.422 14,955,300.00 4.50 31364G2VO 5.820% 07/19/2001 DD 07/19/99 AAA 14,913,300.00 3.88 2,soo,000.00 MERRILL LYNCH NOTES 5. 995 6.423 AA3 99.260 2,526,725.00 .74 59018SXP4 6.375% 10/01/2001 DD 10/03/97 AA-2,481,500.00 .65 2,000,000.00 MONTGOMERY ALA BMC SER B 6.001 5.680 AAA 88.027 1,723,280.00 .53 613041GH9 5.000% 11/15/2029 DD 12/01/98 AAA 1,760,540.00 .46 7,500,000.00 BELLSOUTH TELECOMMUNICATIONS 6.010 6.101 AA2 98.346 7,497,255.00 2.22 079867AX5 6.000% 06/15/2002 DD 06/15/98 AAA 7,375,950.00 1. 92 12,soo,000.00 FEDERAL HOME LN MTG CORP DEBS 6.062 6.027 AAA 99.545 12,485,625.00 3.75 3134A3ZM1 6.000% 07/20/2001 DD 07/20/99 AAA 12,443,125.00 3.24 2,000,000.00 BANKBOSTON CORP SR NTS 6.133 6.197 A2 98.836 1,999,600.00 .59 06605TAL6 6.125% 03/15/2002 DD 03/12/99 A 1,976,720.00 .51 9,soo,000.00 U S TREASURY BONDS 6.134 6.660 AAA 131.391 12,332,187.50 3.76 912810EG9 08.750% 08/15/2020 DD 08/15/90 AAA 12,482,145.00 3.25 l,soo,000.00 CHRYSLER FINL LLC MTN #TR00615 6 .154 6.140 Al 100.062 1,499,415.00 .45 17120QE80 FLTG RT 08/08/2002 DD 04/08/98 A+ 1,500,930.00 .39 1,700,000.00 MORGAN STANLEY MTN #TR 00311 6.180 7.649 AA3 100.125 1,699,517.20 .51 61745ENY3 FLTG RT 01/28/2002 DD 01/27/00 AA-1,702,125.00 .44 YLDANAL YIELD ANALYSIS PAGE 7 OCSF07522202 2000/10/31 RUN DATE 11/06/00 DISTRICT: LONG-TERM OPERATING RUN TIME 15.23.05 =========--========-==-=====·==·==·=;====--=--====---~----·-----------==· PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -~-------------------------~------,-----·------------------------------------ 9,765.91 FIFTH THIRD BK AUTO TR 96A CLA 6.200 6.212 AAA 99.812 9,765.90 .oo 31677EAA4 6.200% 09/01/2001 DD 03/15/96 9,747.55 .oo 1,000,000.00 POPULAR INC MTN #TR 00004 6.201 6.234 A3 99.452 1,000,000.00 .30 73317PAD1 6.200% 04/30/2001 DD 04/21/99 BBB+ 994,520.00 .26 2,000,000.00 FORD MTR CR CO TERM ENHANCED 6. 221 6.213 A2 99.953 1,998,613.60 .60 345397SC8 FLTG RT OB/27/2006 DD 08/27/98 A 1,999,060.00 .52 3,000,000.00 CONSOLIDATED EDISON N Y DEBS 6. 271 6.181 Al 100.003 2,994,300.00 .90 209111CU5 FLTG RT 06/15/2002 DD 06/20/97 A+ 3,000,090.00 .78 183,319.68 GREEN TREE CORP 99-D CL A-1 6.290 6 .310 AAA 99.687 183,319.68 .05 3935052Y7 6.290% 10/15/2013 DD 08/26/99 AAA 182,745.89 .OS 4,500,000.00 FEDERAL NATL MTG ASSN MTN 6. 291 6.252 AAA 99.656 4,488,705.00 1.35 31364CXV5 6.230% 03/01/2002 DD 03/03/97 AAA 4,484,520.00 1.17 3,000,000.00 HELLER FINL MTN #TR 00246 6,300 6.335 A3 99.453 3,000,000.00 .90 42333HLF7 FLTG RT 04/28/2003 DD 04/27/99 A-2,983,590.00 .78 3,800,000.00 GENERAL MTRS ACCEP #TR 00562 6.303 6.273 A2 99.765 3,793,958.00 1.14 37042WZKO FLTG RT 02/14/2003 DD 02/14/00 A 3,791,070.00 .99 2,770,037.18 FHLMC MULTICLASS CTF E3 A 6.316 6.866 AAA 96.763 2,773,066.64 .so 3133TCE95 VAR RT 08/15/2032 AAA 2,680,371.08 .70 2,449,268.37 GNMA GTD REMIC TR 2000-9 FH 6 .320 6.294 AAA 100.409 2,449,268.37 .74 3837H4NX9 VAR RT 02/16/2030 AAA 2,459,285.88 .64 2,000,000.00 BEAR STEARNS COS INC 6.330 6.841 A2 98.671 2,031,960,00 .59 073902AH1 6.750% 04/15/2003 A 1,973,420.00 .51 3,000,000.00 FORD MTR CR CO GLOBAL LANDMARK 6. 350 6.998 A2 99.562 3,000,000.00 .90 345397SR5 FLTG RT 03/17/2003 DD 03/16/00 A 2,986,860.00 .78 2,000,000.00 FORD MTR CR CO GLOBAL NTS 6.351 6.875 A2 99.562 1,992,580.00 .60 345397RV7 FLTG RT 02/13/2003 DD 02/13/98 A 1,991,240.00 .52 29,100,000.00 FEDERAL HOME LN BK CONS BDS 6.404 6.807 AAA 101. 000 29, 443, 671. 00 8.87 3133MBY84 6.875% 08/15/2003 DD 08/07/00 AAA 29,391,000.00 7.66 4,000,000.00 HOUSEHOLD FIN CO MTN 6.440 6.434 A2 100.087 4,000,000.00 1.20 44181KZA5 FLTG RT 06/24/2003 DD 06/24/98 A 4,003,480.00 1.04 YLDANAL YIELD ANALYSIS PAGE : 8 OCSF07522202 2000/10/31 RUN DATE ' 11/06 /00 DISTRICT: LONG-TERM OPERATING RUN TIME ' 15.23.05 ----------·-,---~==--..-:::......--------.----------·----===-=:=::=.==::.=.=---==-==--- PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ~------------------------------------~---------------------------·----------------- 2,000,000.00 FHLMC MULTICLASS CTF Tll A6 6.496 6.626 AAA 98.098 2,000,888.00 .59 3133TDPV2 6.500% 09/25/2018 AAA 1,961,960.00 .51 2,496,129.26 FHLMC MULTICLASS CTF SER 1620Z 6.507 7.185 AAA 83.508 2,339,989.32 .62 3133T17A4 6.000% 11/15/2023 DD 11/01/93 AAA 2,084,467.62 .54 2,000,000.00 HELLER FINANCIAL INC NTS 6.507 7.029 A3 100.048 2,000,000.00 .60 423328BK8 FLTG RT 06/25/2001 DD 06/25/99 A-2,000,960.00 .52 5,000,000.00 SALOMON SB HLDGS MTN 6.625 6.968 AA3 99.921 5,000,000.00 1. 50 79548EEE8 FLTG RT 04/28/2003 DD 04/28/00 A 4,996,050.00 1.30 7,720,540.22 FHLMC GROUP #G5-0476 6.628 7.029 AAA 99.581 7,841,173.65 2.32 3128DDQ55 7.000% 02/01/2003 DD 02/01/98 AAA 7,688,191.16 2.00 2,300,000.00 LEHMAN BROS HLDGS MTN TR 00333 6.672 7.648 A3 100.878 2,322,379.00 .70 52517PPW5 FLTG RT 04/01/2002 DD 03/29/99 A 2,320,194.00 .60 5,000,000.00 LEHMAN BROS HLDGS MTN 6. 674 7.327 A3 100.312 5,000,000.00 1. 51 52517PQQ7 FLTG RT 12/12/2002 DD 12/07/99 A 5,015,600.00 1.31 1,715,999.74 GNMA II POOL #080088M 6.705 6.331 AAA 100.688 1,753,537.24 .52 36225CC20 VAR RT 06/20/2027 DD 06/01/97 AAA 1,727,805.82 .45 10,500,000.00 FEDERAL HOME LN MTG CORP DEBS 6. 711 6.427 AAA 98.031 10,323,075.00 3.10 3134A3TCO 6.300% 06/01/2004 DD 06/01/99 AAA 10,293,255.00 2.68 2,000,000.00 MARSH & MCLENNAN COS INC SR NT 6.717 6.738 A2 98.320 1,992,280.00 .59 571748AB8 6.625% 06/15/2004 DD 06/14/99 AA-1,966,400.00 .51 3,000,000.00 FORD MTR CR CO GLOBAL LANDMARK 6.739 6.840 A2 97.953 2,995,080.00 .88 345397SJ3 6.700% 07/16/2004 DD 07/16/99 A 2,938,590.00 .77 900,000.00 FEDERAL HOME LN BK CONS BDS 6.777 6.729 AAA 100.312 899,550.00 .27 3133MAQJ1 6.750% 02/01/2002 DD 02/01/00 AAA 902,808.00 .24 5,450,000.00 CIT GRP INC MTN #SR 00042 6.810 6.814 Al 99.937 5,450,000.00 1. 64 12560PBT7 FLTG RT 09/13/2002 DD 09/01/00 A+ 5,446,566.50 1.42 2,500,000.00 COUNTRYWIDE HOME LNS INC NT 6.866 6.963 A3 98.373 2,498,400.00 .74 22237UAB8 6.850% 06/15/2004 DD 06/24/99 A 2,459,325.00 .64 7,300,000.00 ONEOK INC NEW NT 6.960 7.407 A2 100.062 7,300,000.00 2.20 682680AJ2 FLTG RT 04/24/2002 DD 04/24/00 A 7,304,526.00 1.90 YLDANAL YIELD ANALYSIS PAGE : 9 OCSF07522202 2000/10/31 RUN DATE : 11/06/00 DISTRICT: LONG-TERM OPERATING RUN TIME : 15.23.05 ========-=-==-----·--- PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -~--------------~-----------------~---~--------··----·---------------------------··--- 1,237,110.00 GNMA II POOL #0080023 6.992 7.062 AAA 100.891 1,257,599.64 .37 36225CAZ9 7.125% 12/20/2026 DD 12/01/96 AAA 1,248,132.65 .33 2,000,000.00 GNMA GTD REMIC TR 2000-2 PA 7.014 7.009 AAA 99.870 1,996,875.00 .60 3837H3C70 7.000% 12/20/2022 AAA 1,997,400.00 .52 1,000,000.00 OLD KENT BK MTN SB 00001 7.084 7.486 A2 99. 671 7,000,000.00 2.10 67982XAA6 VAR RT 11/01/2005 DD 04/28/00 A-6,976,970.00 1. 82 2,100,000.00 FEDERAL NATL MTG ASSN DEBS 7.113 6.665 AAA 99.406 2,030,133.00 .63 31359MEY5 6.625% 09/15/2009 DD 09/01/99 AAA 2,087,526.00 .54 2,000,000.00 LONG ISLAND LTG CO DEB 7.512 8.552 BAA3 95.887 2,151,250.00 .57 542671CT7 8.200% 03/15/2023 DD 03/28/93 A-1,917,740.00 .so 1,306,475.77 GREYSTONE SVCNG CORP FHA #95-7 7.564 7.467 AAA 99.500 1,287,388.97 .39 39810#AE4 7.430% 06/01/2003 DD 02/29/00 AAA 1,299,943.39 .34 1,000,000.00 FORD MOTOR CR CO NT 7.582 6.930 A2 97.401 965,170.00 .29 345397GV9 6.750% 05/15/2005 A 974,010.00 .25 971,705.13 WMP/HUNTOON PAIGE #000-11150 7.684 7.667 AAA 97.828 950,600.91 .28 302998GE3 7.500% 12/01/2030 DD 10/21/99 AAA 950,600.91 .25 3,000,000.00 PACIFICORP SECD MTN #TR 00115 7.709 7.205 A2 101. 320 2,950,530.00 .91 69512EEU5 7.300% 10/22/2004 DD 10/22/92 A 3,039,600.00 .79 35,200,000.00 FEDERAL NATL MTG ASSN MTN 7. 724 6.812 AAA 95.422 32,498,400.00 10.13 31364GYJ2 6.500% 03/12/2009 DD 03/12/99 AAA 33,588,544.00 8.75 14,000,000.00 COMMIT TO PUR GNMA SF MTG 7. 773 7.870 AAA 101. 656 14,245,000.00 4.29 01N0806B5 8.000% 11/15/2030 AAA 14,231,840.00 3. 71 l,600,000.00 ALLSTATE CORP SR NT 7.967 7.691 Al 102.396 1,594,032.00 .49 020002AL5 7.875% 05/01/2005 DD 05/01/00 A+ 1,638,336.00 .43 -------------------------------------- TOTAL FIXED INCOME SECURITIES 5.319 5.919 330,906,327.39 100.00 331,279,024.85 86.30 YLDANAL OCSF07522202 DISTRICT: LONG-TERM OPERATING YIELD ANALYSIS 2000/10/31 PAGE RUN DATE RUN TIME 10 11/06/00 15.23.05 ============================================================================================================================= PAR VALUE SECURITY ID SECURITY DESCRIPTION TOTAL YTM AT BOOK 5.362 CURRENT MOODY MARKET YIELD S-P PRICE 5.698 TOTAL COST/ MARKET VALUE 383,520,212.85 383,892,910.31 % TYPE % TOTAL 100.00 100.00 @ OCSGOOOlOOOO OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE c ORANGE COUNTY SANITATION DISTRICT I] PORTFOLIO DETAIL Ol-OCT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER TRADE DATE/ SETTLDATE/ COMPLDATE RECEIPTS AND DISBURSEMENT TRANSACTIONS OTHER ADMINISTRATIVE EXPENSES PURCHASES 0.00 NA9123459 cw 0.00 NA9123459 cw CASH & CASH EQUIVALENTS 130,760.86 996085247 B 130,760.86 996085247 FC 4, 700,000.00 313384S34 B 07-Nav-2000 11:30:04 LIQUID Ol'ER-PIJ'v!CO FED WIRE FEES SEl'ITl'\IBER LONG TERM OPER-PIMCO FED WIRE FEES SEPTEMBER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 12/06/2000 CHASE SECURITIES, NEW YORK 05-0ct-2000 05-0ct-2000 05-0ct-2000 05-0ct-2000 02-0ct-2000 02-0ct-2000 02-0ct-2000 02-0ct-2000 02-0ct-2000 04-0ct-2000 04-0ct-2000 PAGE: 1 AMOUNT/ COST/ GAIN/LOSS -4.25 0.00 0.00 -13.60 0.00 0.00 -130, 760.86 130,760.86 0.00 -130,760.86 0.00 0.00 -4,647,360.00 4,647,360.00 0.00 Executive Workbench @ OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 4,700,000.00 313384S34 FC 1,300,000.00 313396U27 B 1,300,000.00 313396U27 FC 31,590.00 996085247 B 31,590.00 996085247 FC 900,000.00 993740184 B 900,000.00 99374Dl84 FC 07-Nov-2000 14:50:42 [I ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 1210612000 CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/21/2000 LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/2112000 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 06.440% 10/11/2000 DD 10/10/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 06.440% 10/1112000 DD 10/l OJ CREDIT SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE 04-0ct-2000 04-0ct-2000 04-0ct-2000 05-0ct-2000 05-0ct-2000 05-0ct-2000 05-0ct-2000 05-0ct-2000 I O-Oct-2000 I O-Oct-2000 10-0ct-2000 10-0ct-2000 l O-Oct-2000 l O-Oct-2000 l O-Oct-2000 10-0ct-2000 IO-Oct-2000 J O-Oct-2000 PAGE: 2 AMOUNT/ COST/ GAIN/LOSS -4,647,360.00 0.00 0.00 -1,282,204.44 1,282,204.44 0.00 -1,282,204.44 0.00 0.00 -31,590.00 31,590.00 0.00 -31,590.00 0.00 0.00 -900,000.00 900,000.00 0.00 -900,000.00 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 9,289.00 996085247 B 9,289.00 996085247 FC 900,000.00 99374£232 B 900,000.00 99374E232 FC 900,000.00 2338EONXO B 900,000.00 2338EONXO FC 107,935.00 996085247 B 07-Nov-2000 14:50:42 [[ ORANGE COUNTY SANITATION DISTRICT -Jj PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 06.350% 10/12/2000 DD 10/11/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 06.350% 10/12/2000 DD I Oil II LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO DAIMLERCHR YSLER DISC 01/31/2001 MERRILL LYNCH PIERCE FENNER LIQUID OPER-PIMCO DAIMLERCHRYSLER DISC 01/31/2001 MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE I I-Oct-2000 I I-Oct-2000 I 1-0ct-2000 l l-Oct-2000 l 1-0ct-2000 l 1-0ct-2000 1 l-Oct-2000 11-0ct-2000 11-0ct-2000 1 l-Oct-2000 11-0ct-2000 11-0ct-2000 I 1-0ct-2000 11-0ct-2000 1 I-Oct-2000 12-0ct-2000 12-0ct-2000 PAGE: 3 AMOUNT/ COST/ GAIN/LOSS -9,289.00 9,289.00 0.00 -9,289.00 0.00 0.00 -900,000.00 900,000.00 0.00 -900,000.00 0.00 0.00 -881,716.00 881,716.00 0.00 -881,716.00 0.00 0.00 -107,935.00 107,935.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 107,935.00 996085247 FC 28,078.68 996085247 B 28,078.68 996085247 FC 6,200,000.00 36959HNA1 B 6,200,000.00 36959HNA1 FC 600,000.00 313396T37 B 600,000.00 313396T37 FC 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT -=i PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUIIJ OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO GENERAL ELEC CAP DISC 01/10/2001 GENERAL ELECTRIC CAPTIAL COR LONG TERM OPER-PIMCO GENERAL ELEC CAP DISC 01/10/2001 GENERAL ELECTRIC CAPTIAL COR LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 CREDIT SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE I 2-0ct-2000 I 2-0ct-2000 12-0ct-2000 I 2-0ct-2000 12-0ct-2000 12-0ct-2000 I 2-0ct-2000 12-0ct-2000 l 2-0ct-2000 12-0ct-2000 12-0ct-2000 12-0ct-2000 12-0ct-2000 12-0ct-2000 12-0ct-2000 l 2-0ct-2000 l 2-0ct-2000 12-0ct-2000 PAGE: 4 AMOUNT/ COST/ GAIN/LOSS -107,935.00 0.00 0.00 -28,078.68 28,078.68 0.00 -28,078.68 0.00 0.00 -6,098, 785.00 6,098,785.00 0.00 -6,098, 785.00 0.00 0.00 -593,280.00 593,280.00 0.00 -593,280.00 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 673,000.00 313588S48 B 673,000.00 313588S48 FC 356,227.64 996085247 B 356,227.64 996085247 FC 53,265 .83 996087094 B 1,100,000.00 313588S48 B 1,100,000.00 313588848 FC 07-Nov-2000 14:50:42 /I ORANGE COUNTY SANITATION DISTRICT ~ PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-l'IMCO fEDERAL NATL MTG ASSN DISC N J'vl:\T 12/07/2000 CREDIT Sl llSSE FIRST BOSTON C LIQUID Ol'ER-Pll'vlCO FEDERAL NA l"L MTG ASSN DISC N MAT 12/07/2000 CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO BSDT-LATE MONEY DEPOSIT ACCT LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC N MAT 12/07/2000 MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC N MAT 12/07/2000 MERRILL LYNCH PIERCE FENNER TRADE DATE/ SETTL DATE/ COMPL DATE I 2-0ct-2000 I 2-0ct-2000 l 2-0ct-2000 l 2-0ct-2000 l 2-0ct-2000 l 6-0ct-2000 l 6-0ct-2000 I 6-0ct-2000 l 6-0ct-2000 I 6-0ct-2000 I 6-0ct-2000 l 6-0ct-2000 l 7-0ct-2000 17-0ct-2000 l 7-0ct-2000 17-0ct-2000 l 7-0ct-2000 PAGE: 5 AMOUNT/ COST/ GAIN/LOSS -666,299.91 666,299.91 0.00 -666,299.91 0.00 0.00 -356,227.64 356,227.64 0.00 -356,227.64 0.00 0.00 -53,265.83 53,265.83 0.00 -1,090,026.67 1,090,026.67 0.00 -1,090,026.67 0.00 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 2,400,000.00 313396S46 B 2,400,000.00 313396S46 FC 7,891.04 996085247 B 7,891.04 996085247 FC 15,228.75 996085247 B 15,228.75 996085247 FC 900,000.00 36959HNK9 B 07-Nov-2000 I 4:50:42 II ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/07/2000 MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/07 /2000 MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO GENERAL ELEC CAP DISC 01/19/2001 MERRILL LYNCH PIERCE FENNER TRADE DATE/ SETTLDATE/ COMPLDATE I 7-0ct-2000 I 7-0ct-2000 I 7-0ct-2000 l 7-0ct-2000 l 7-0ct-2000 I 8-0ct-2000 I 8-0ct-2000 18-0ct-2000 l 8-0ct-2000 18-0ct-2000 l 8-0ct-2000 l 8-0ct-2000 l 8-0ct-2000 I 8-0ct-2000 I 8-0ct-2000 I 8-0ct-2000 18-0ct-2000 PAGE: 6 AMOUNT/ COST/ GAIN/LOSS -2,378,240.00 2,378,240.00 0.00 -2,378,240.00 0.00 0.00 -7,891.04 7,891.04 0.00 -7,891.04 0.00 0.00 -15,228.75 15,228.75 0.00 -15,228.75 0.00 0.00 -884, 771.25 884,771.25 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 900,000.00 36959HNK9 FC 1,400,000.00 313396T37 B 1,400,000.00 313396T37 FC 300,000.00 2338EONXO B 300,000.00 2338EONXO FC 199,716.44 996085247 B 199,716.44 996085247 FC 07-Nov-2000 14:50:42 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO GENERAL ELEC CAP DISC 01/19/200 I MERIULL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 MORGAN ST AN LEY & CO INC, NY LONG TERM OPER-PIMCO DAIMLERCHRYSLER DISC 01/31/2001 CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO DAIMLERCHRYSLER DISC 0113112001 CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 18-0ct-2000 18-0ct-2000 I 8-0ct-2000 19-0ct-2000 19-0ct-2000 19-0ct-2000 I 9-0ct-2000 I 9-0ct-2000 20-0ct-2000 20-0ct-2000 20-0ct-2000 20-0ct-2000 20-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 PAGE: 7 AMOUNT/ COST/ GAIN/LOSS -884, 771.25 0.00 0.00 -1,386,084.00 1,386,084.00 0.00 -1,386,084.00 0.00 0.00 -294,412.25 294,412.25 0.00 -294,412.25 0.00 0.00 -199,716.44 199,716.44 0.00 -199,716.44 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 308,448.4 J 996085247 B 308,448.41 996085247 FC 20,849.82 996085247 B 20,849.82 996085247 FC 132,000.00 996085247 B 132,000.00 996085247 FC 175,868.13 996085247 B 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PlMCO DREYFUS TRFASlJRY CASll 1\Kil'v!T LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 24-0ct-2000 24-0ct-2000 24-0ct-2000 24-0ct-2000 24-0ct-2000 25-0ct-2000 25-0ct-2000 25-0ct-2000 25-0ct-2000 25-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 PAGE: 8 AMOUNT/ COST/ GAIN/LOSS -308,448.41 308,448.41 0.00 -308,448.41 0.00 0.00 -20,849.82 20,849.82 0.00 -20,849.82 0.00 0.00 -132,000.00 132,000.00 0.00 -132,000.00 0.00 0.00 -175,868.13 175,868.13 0.00 Executive Workbench @ II ORANGE COUNTY SANITATION DISTRICT II PAGE: 9 PORTFOLIO DETAIL OCSGOOO 10000 01-0CT-2000 -31-0CT-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LONG TERM OPER-PIMCO 175,868.13 DREYFUS TREASURY CASH MGMT 30-0ct-2000 -175,868.13 996085247 30-0ct-2000 0.00 FC 30-0ct-2000 0.00 LIQUID OPER-PIMCO 6,800,000.00 US TREASURY BILL 30-0ct-2000 -6,603,640.56 912795GC9 04/19/2001DD10/19/00 3 l-Oct-2000 6,603,640.56 B CREDIT SUISSE FIRST BOSTON C 0.00 LIQUID OPER-PIMCO 6,800,000.00 US TREASURY BILL 30-0ct-2000 -6,603,640.56 912795GC9 04119/200 l DD 10/19/00 31-0ct-2000 0.00 FC CREDIT SUISSE FIRST BOSTON C 3 l-Oct-2000 0.00 LIQUID OPER-PIMCO 10,571.44 DREYFUS TREASURY CASH MGMT 31-0ct-2000 -10,571.44 996085247 3 l-Oct-2000 10,571.44 B 0.00 LIQUID OPER-PIMCO 10,571.44 DREYFUS TREASURY CASH MGMT 3 l-Oct-2000 -10,571.44 996085247 3 l-Oct-2000 0.00 FC 3 l-Oct-2000 0.00 LONG TERM OPER-PIMCO 29,785.13 DREYFUS TREASURY CASH MGMT 3 l-Oct-2000 -29,785.13 996085247 31-0ct-2000 29,785.13 B 0.00 LONG TERM OPER-PIMCO 29,785.13 DREYFUS TREASURY CASH MGMT 3 l -Oct-2000 -29,785.13 996085247 31-0ct-2000 0.00 FC 3 l-Oct-2000 0.00 07-Nov-2000 14:50:42 Executive Workbench @ II ORANGE COUNTY SANITATION DISTRICT II PAGE: JO PORTFOLIO DETAIL OCSGOOOJ 0000 01-0CT-2000 -31-0CT-2000 OCSD-CONSOLJDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTL DATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-PIMCO 1,100,000.00 FEDERAL HOME LN MTG CORP DIS 3 I-Oct-2000 -1,085,788.00 313397AL5 MAT 01/I 1/2001 3 I-Oct-2000 1,085,788.00 B CHASE SECURITIES, NEW YORK 0.00 LIQUID OPER-PIMCO 1,100,000.00 FEDERAL HOME LN MTG CORP DIS 3 l-Oct-2000 -1,085,788.00 313397AL5 MAT 01/11/2001 3 I-Oct-2000 0.00 FC CHASE SECURITIES, NEW YORK 31-0ct-2000 0.00 FIXED INCOME SECURITIES LONG TERM OPER-PIMCO 2,000,000.00 COMMIT TO PUR GNMA SF MTG I 4-Sep-2000 -2,025,625.00 01N0806A7 8.00% 10/01/2030 23-0ct-2000 0.00 FC BEAR STEARNS & CO INC, NY 23-0ct-2000 0.00 LONG TERM OPER-PIMCO 12,000,000.00 COMMIT TO PUR GNMA SF MTG l 4-Sep-2000 -12,157,500.00 01N0806A7 8.00% 10/01/2030 23-0ct-2000 0.00 FC SALOMON BROS INC, NEW YORK 23-0ct-2000 0.00 LONG TERM OPER-PIMCO 6,250,000.00 COMMIT TO PUR GNMA SF MTG 15-Sep-2000 -5,820,312.50 01N0606A9 6.000% 10/15/2029 23-0ct-2000 0.00 FC GOLDMAN SACHS & CO, NY 23-0ct-2000 0.00 LONG TERM OPER-PIMCO 3,500,000.00 COMMIT TO PUR GNMA SF MTG 15-Sep-2000 -3,351,250.00 01N0626A5 6.500% 10/15/2030 23-0ct-2000 0.00 FC MERRILL LYNCH PIERCE FENNER 23-0ct-2000 0.00 LONG TERM OPER-PIMCO 11,000,000.00 COMMIT TO PUR GNMA SF MTG I 5-Sep-2000 -10,532,500.00 01N0626A5 6.500% 10/15/2030 23-0ct-2000 0.00 FC BEAR STEARNS & CO INC, NY 23-0ct-2000 0.00 07-Nov-2000 14:50:42 Executive Workbench @ C ORANGE COUNTY SANITATION DISTRICT ~ PAGE: 11 PORTFOLIO DETAIL OCSGOOO 10000 01-0CT-2000 -31-0CT-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-P!MCO 200,000.00 HELLER FINANCIAL INC NTS 29-Sep-2000 -197,995.61 42333HKJO 5.750% 09/25/2001 DD 09/25/9 02-0ct-2000 0.00 FC BEAR STEARNS & CO INC, NY 02-0ct-2000 0.00 LIQUID OPER-PIMCO 902,000.00 WORLDCOM INC SR NTS 06-0ct-2000 -896,678.20 98155KAF9 6.125% 08/15/2001 DD 08/11/9 12-0ct-2000 896,678.20 8 PRUDENTIAL SEC INC, NEW YORK 0.00 LIQUID OPER-PIMCO 902,000.00 WORLDCOM INC SR NTS 06-0ct-2000 -8,747.52 98155KAF9 6.125% 08/15/2001 DD 08/11/9 I 2-0ct-2000 0.00 18 0.00 LIQUID OPER-PIMCO 902,000.00 WORLDCOM INC SR NTS 06-0ct-2000 -905,425.72 98155KAF9 6.125% 08/15/2001 DD 08/11/9 12-0ct-2000 0.00 FC PRUDENTIAL SEC INC, NEW YORK 12-0ct-2000 0.00 LIQUID OPER-PIMCO 440,000.00 FORD MTR CO DEL l I-Oct-2000 -448,219.20 345370AY6 9.000% 09115/2001 DD 09115/9 I 6-0ct-2000 448,219.20 8 PRUDENTIAL SEC INC, NEW YORK 0.00 LIQUID OPER-PIMCO 440,000.00 FORD MTR CO DEL I l-Oct-2000 -3,410.00 345370AY6 9.000% 09/15/2001 DD 09/15/9 I 6-0ct-2000 0.00 18 0.00 LIQUID OPER-PIMCO 440,000.00 FORD MTR CO DEL I I-Oct-2000 -451,629.20 345370AY6 9.000% 0911512001DD09/15/9 I 6-0ct-2000 0.00 FC PRUDENTIAL SEC INC, NEW YORK I 6-0ct-2000 0.00 07-Nov-2000 14:50:42 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE I00,000.00 98155KAF9 B 100,000.00 98155KAF9 IB 100,000.00 98155KAF9 FC 2,000,000.00 01N0806B5 B 6,250,000.00 OIN0606B7 B 12,000,000.00 OIN0806B5 B 3,500,000.00 OIN0626B3 B 07-Nov-2000 14:50:42 c-ORANGE COUNTY SANITATION DISTRICT -,, PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-Pll\ICO WORLDCOM INC SR N rs 6 125% 08/ 15/200 I DD 08111 /9 PR\ll)FNJ"l/\L SIT INC. NF.\\ YORK LIQUID OPER-l'IMCU WORLDCOM INC SR NTS 6. l 25% 08/15/200 I DD 08111 /9 LIQUID OPER-PIMCO WORLDCOM INC SR NTS 6.125% 08115/2001DD08/11/9 PRUDENTIAL SEC INC, NEW YORK LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 8.000% 11/15/2030 BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.000% 11/15/2028 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 8.000% 1111512030 SALOMON BROS INC, NEW YORK LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 11/01/2029 MERRILL LYNCH PIERCE FENNER TRADE DATE/ SETTL DATE/ COMPLDATE l 1-0ct-2000 I 6-0ct-2000 I 1-0ct-2000 I 6-0ct-2000 11-0ct-2000 I 6-0ct-2000 16-0ct-2000 16-0ct-2 000 20-Nov-2000 16-0ct-2000 20-Nov-2000 16-0ct-2000 20-Nov-2000 16-0ct-2000 20-Nov-2000 PAGE: 12 AMOUNT/ COST/ GAIN/LOSS -99,404.00 99,404.00 0.00 -1,037.85 0.00 0.00 -100,441 .85 0.00 0.00 -2,035,000.00 2,035,000.00 0.00 -5,873,046.88 5,873,046.88 0.00 -12,210,000.00 12,210,000.00 0.00 -3,372,031.25 3,372,031.25 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED PAY UPS SHARES/PAR SECURITY ID TRANSCODE 11,000,000.00 OIN0626B3 B 200,000.00 122014AD5 B 200,000.00 122014AD5 IB 200,000.00 122014AD5 FC 29, I 00,000.00 3133MBY84 B 29, I 00,000.00 3133MBY84 IB 29, 100,000.00 3133MBY84 FC 07-Nov-2000 I 4: 50:42 II ORANGE COUNTY SANITATION DISTRICT I] PORTFOLIO DETAIL Ol-OCT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 1110112029 BEAR STEARNS & CO INC, NY LIQUID OPER-PIMCO BURLINGTON RES INC NT 8.500% 10/01/2001DD10117/9 ADVESTCO,HARTFORD LIQUID OPER-PIMCO BURLINGTON RES INC NT 8.500% 10/01/2001 DD 1011719 LIQUID OPER-PIMCO BURLINGTON RES INC NT 8.500% 10/0112001 DD 1011719 ADVESTCO,HARTFORD LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS BDS 6.875% 08/15/2003 DD 08/07/0 MERRILL LYNCH PIERCE FENNER LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS BDS 6.875% 08/15/2003 DD 08/07/0 LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS BDS 6.875% 08/15/2003 DD 08/07/0 MERRILL LYNCH PIERCE FENNER TRADE DATE/ SETTLDATE/ COMPLDATE I 6-0ct-2000 20-Nov-2000 I 9-0ct-2000 24-0ct-2000 I 9-0ct-2000 24-0ct-2000 19-0ct-2000 24-0ct-2000 24-0ct-2000 20-0ct-2000 24-0ct-2000 20-0ct-2000 24-0ct-2000 20-0ct-2000 24-0ct-2000 24-0ct-2000 PAGE: 13 AMOUNT/ COST/ GAIN/LOSS -10,594,375.00 10,594,375.00 0.00 -202, 730.00 202,730.00 0.00 -1,086.11 0.00 0.00 -203,816.11 0.00 0.00 -29,443,671.00 29,443,671.00 0.00 -427,911.46 0.00 0.00 -29,871,582.46 0.00 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE FIXED INCOME SECURITIES 5,494.00 9128273A8 PU 5,494.00 9128273A8 FC 15,410.00 9128272M3 PU 15,410.00 9128272M3 FC I, 159.10 79549BBGI PU 1,159.10 79549BBG1 FC 12,418.56 3133T17A4 PU 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT -==i PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PJMCO US TREASURY INFLATION INDEX 3.625% 07115/2002 DD 07/15/ LONG TERM OPER-PJMCO US TREASURY INFLATION INDEX 3.625% 07/1512002 DD 07115/ LONG TERM OPER-PJMCO US TREASURY INFLATJON INDEX 3.375% 0111512007 DD 011151 LONG TERM OPER-PIMCO US TREASURY INFLATJON INDEX 3.375% 01115/2007 DD 01115/ LONG TERM OPER-PIMCO SALOMON SMITH BARNEY HLDGS I 3.650% 02/14/2002 DD 02/14/ LONG TERM OPER-PIMCO SALOMON SMITH BARNEY HLDGS I 3.650% 02114/2002 DD 02114/ LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF SER 162 6.000% 11115/2023 DD 1110119 TRADE DATE/ SETTL DATE/ COMPLDATE 15-Jul-2000 l 5-Jul-2000 15-Jul-2000 l 5-Jul-2000 31-0ct-2000 l 5-Jul-2000 l 5-Jul-2000 l 5-Jul-2000 l 5-Jul-2000 3 l-Oct-2000 14-Aug-2000 14-Aug-2000 l 4-Aug-2000 14-Aug-2000 31-0ct-2000 01-0ct-2000 0 l-Oct-2000 PAGE: 14 AMOUNT/ COST/ GAIN/LOSS -5,494.00 5,494.00 0.00 -5,494.00 0.00 0.00 -15,410.00 15,410.00 0.00 -15,410.00 0.00 0.00 -1,159.10 1,159.10 0.00 -1,159.10 0.00 0.00 -12,418.56 12,418.56 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SALES SHARES/PAR SECURITY ID TRANSCODE 12,418.56 3133T17A4 FC CASH & CASH EQUIVALENTS -42,941.90 996085247 s -42,941.90 996085247 FC -126,464.52 996085247 s -126,464.52 996085247 FC -82,204.44 996085247 s 07-Nov-2000 14:50:42 II ORANGE COUNTY-SANITATION DISTRICT I] PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRADE DATE/ TRANSACTION DESCRIPTION/ SETTLDATE/ BROKER COMPLDATE LONG TERM OPER-PIMCO FHLMC MULTICL:'\SS CTT SER 162 01-0ct-2000 6.000% 11/15/2023 DD 11/0119 01-0ct-2000 17-0ct-2000 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT 02-0ct-2000 02-0ct-2000 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT 02-0ct-2000 02-0ct-2000 02-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 04-0ct-2000 04-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 04-0ct-2000 04-0ct-2000 04-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 05-0ct-2000 05-0ct-2000 PAGE: 15 AMOUNT/ COST/ GAIN/LOSS -12,418.56 0.00 0.00 42,941.90 -42,941.90 0.00 42,941.90 0.00 0.00 126,464.52 -126,464.52 0.00 126,464.52 0.00 0.00 82,204.44 -82,204.44 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -82,204.44 996085247 FC -13.60 996085247 s -13 .60 996085247 FC -4.25 996085247 s -4.25 996085247 FC -900,000.00 99374D184 s -900,000.00 993740184 IS 07-Nov-2000 14:50:42 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-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 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 06.440% 10/11/2000 DD 101101 CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 06.440% 10111/2000 DD 101101 TRADE DATE/ SETTL DATE/ COMPLDATE 05-0ct-2000 05-0ct-2000 05-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 06-0ct-2000 11-0ct-2000 l 1-0ct-2000 11-0ct-2000 l 1-0ct-2000 PAGE: 16 AMOUNT/ COST/ GAIN/LOSS 82,204.44 0.00 0.00 13.60 -13.60 0.00 13.60 0.00 0.00 4.25 -4.25 0.00 4.25 0.00 0.00 900,000.00 -900,000.00 0.00 161.00 0.00 0.00 Executive Workbench @ II ORANGE COUNTY SANITATION DISTRICT II PAGE: 17 PORTFOLIO DETAIL OCSGOOO I 0000 01-0CT-2000 -31-0CT-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-PIMCO -900,000.00 CREDIT SUISSE FB REPO 11-0ct-2000 900, 161.00 99374Dl84 06.440% 10/11/2000 DD 10110/ I 1-0ct-2000 0.00 FC CREDIT SUISSE FIRST BOSTON C I 1-0ct-2000 0.00 LIQUID OPER-PIMCO -900,000.00 YORKSHIRE BLG SOC DISC 11-0ct-2000 885,235.25 98719CM63 12/06/2000 I 1-0ct-2000 -885,235.25 s MERRILL LYNCH PIERCE FENNER 0.00 LIQUID OPER-PIMCO -900,000.00 YORKSHIRE BLG SOC DISC 1 l-Oct-2000 5,608.75 98719CM63 12/06/2000 11-0ct-2000 0.00 IS 0.00 LIQUID OPER-PIMCO -900,000.00 YORKSHIRE BLG SOC DISC I 1-0ct-2000 890,844.00 98719CM63 1210612000 1 l-Oct-2000 0.00 FC MERRILL LYNCH PIERCE FENNER l 1-0ct-2000 0.00 LIQUID OPER-PIMCO -900,000.00 LEHMAN BROTHERS REPO 12-0ct-2000 900,000.00 99374E232 06.350% 10/12/2000 DD 10/11/ 12-0ct-2000 -900,000.00 s LEHMAN GOVT SECS INC, NY 0.00 LIQUID OPER-PIMCO -900,000.00 LEHMAN BROTHERS REPO 12-0ct-2000 158.75 99374E232 06.350% 10/12/2000 DD 10/11/ 12-0ct-2000 0.00 IS 0.00 LIQUID OPER-PIMCO -900,000.00 LEHMAN BROTHERS REPO 12-0ct-2000 900,158.75 99374E232 06.350% 10/12/2000 DD 101111 12-0ct-2000 0.00 FC LEHMAN GOVT SECS INC, NY 12-0ct-2000 0.00 07-Nov-2000 14:50:42 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY JD TRANSCODE -400,000.00 313396K93 s -400,000.00 313396K93 IS -400,000.00 313396K93 FC -61,930.42 996085247 s -61,930.42 996085247 FC -53,265.83 996087094 s -115,000.84 996085247 s 07-Nov-2000 I 4:50:42 ,, ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRADE DATE/ TRANSACTION DESCRIPTION/ SETTL DATE/ BROKER COMPLDATE LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS I 2-0ct-2000 MAT I 011712000 l 2-0ct-2000 HSBC SECS INC, NEW YORK LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS 12-0ct-2000 MAT 10/17/2000 12-0ct-2000 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS 12-0ct-2000 MAT 10/17/2000 l 2-0ct-2000 HSBC SECS INC, NEW YORK 12-0ct-2000 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT 16-0ct-2000 16-0ct-2000 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT 16-0ct-2000 16-0ct-2000 16-0ct-2000 LONG TERM OPER-PIMCO BSDT-LATE MONEY DEPOSIT ACCT 17-0ct-2000 17-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT J 7-0ct-2000 I 7-0ct-2000 PAGE: 18 AMOUNT/ COST/ GAIN/LOSS 396,631.67 -396,631.67 0.00 3,013.89 0.00 0.00 399,645.56 0.00 0.00 61,930.42 -61,930.42 0.00 61,930.42 0.00 0.00 53,265.83 -53,265.83 0.00 115,000.84 -115,000.84 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -115,000.84 996085247 FC -186,084.00 996085247 s -186,084.00 996085247 FC -102,941.70 996085247 s -102,941.70 996085247 FC -355,284.17 996085247 s -355,284.17 996085247 FC 07-Nov-2000 14:50:42 )I ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRADE DATE/ TRANSACTION DESCRIPTION/ SETTL DATE/ BROKER COMPLDATE LONG TERM OPER-PIMCO DREYrlJS TRE/\SURY C/\Sll MCiMT I 7-0ct-2000 I 7-0ct-2000 I 7-0ct-2000 LONG TERM OPER-Pll'vlCO DREYfUS TREASURY CASH MGMT I 9-0ct-2000 l 9-0ct-2000 LONG TERM OPER-PlMCO DREYFUS TREASURY CASH MGMT l 9-0ct-2000 l 9-0ct-2000 l 9-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 20-0ct-2000 20-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 20-0ct-2000 20-0ct-2000 20-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 23-0ct-2000 23-0ct-2000 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT 23-0ct-2000 23-0ct-2000 23-0ct-2000 PAGE: 19 AMOUNT/ COST/ GAIN/LOSS 115,000.84 0.00 0.00 186,084.00 -186,084.00 0.00 186,084.00 0.00 0.00 102,941.70 -102,941.70 0.00 102,941.70 0.00 0.00 355,284.17 -355,284.17 0.00 355,284.17 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -200,000.00 313396M75 s -200,000.00 313396M75 IS -200,000.00 313396M75 FC -4, 700,000.00 313384S34 s -4, 700,000.00 313384S34 IS -4, 700,000.00 313384S34 FC -9,500,000.00 313396S46 s 07-Nov-2000 14:50:42 [I ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO FEDERAL HOME LN MTG CO RP DIS MAT I 0/3 1 /2000 HSBC SECS INC, NEW YORK LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT I 0/3 I /2000 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT I 013112000 HSBC SECS INC, NEW YORK LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 12/06/2000 CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 12/06/2000 LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 12/06/2000 CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/07/2000 MORGAN STANLEY & CO INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 PAGE: 20 AMOUNT/ COST/ GAIN/LOSS 198,112.61 -198,112.61 0.00 1,603.83 0.00 0.00 199,716.44 0.00 0.00 4,647,360.00 -4,647,360.00 0.00 15,933.00 0.00 0.00 4,663,293.00 0.00 0.00 9,391,010.58 -9,391,010.58 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -9,500,000.00 313396S46 IS -9,500,000.00 313396S46 FC -2,000,000.00 313396T37 s -2,000,000.00 313396T37 IS -2,000,000.00 313396T37 FC -7,600,000.00 313588T39 s -7,600,000.00 313588T39 IS 07-Nov-2000 14:50:42 [I ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/07/2000 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/07/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 12/14/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC N MAT 12/14/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC N MAT 12/14/2000 TRADE DATE/ SETTLDATE/ COMPLDATE 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 PAGE: 21 AMOUNT/ COST/ GAIN/LOSS 33,108.17 0.00 0.00 9,424,118.75 0.00 0.00 1,979,364.00 -1,979,364.00 0.00 2,176.00 0.00 0.00 1,981,540.00 0.00 0.00 7,494,887.28 -7,494,887 .28 0.00 34,964.72 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOL!DATED SHARES/PAR SECURITY ID TRANSCODE -7,600,000.00 313588T39 FC -3,000,000.00 07785ALl9 s -3,000,000.00 07785AL19 IS -3,000,000.00 07785AL19 FC -2,400,000.00 313396Q55 s -2,400,000.00 313396Q55 IS -2,400,000.00 313396Q55 FC 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT =i PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC N MAT 12/14/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO BELL ATLNTIC FINL DISC 11101/2000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO BELL ATLNTIC FINL DISC 11/0112000 LONG TERM OPER-PIMCO BELL A TLNTIC FINL DISC 1110112000 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 1112212000 MORGAN J P SECS -FIXED !NCO LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 11122/2000 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 11 /22/2000 MORGAN J P SECS -FIXED !NCO TRADE DATE/ SETTLDATE/ COMPLDATE 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 23-0ct-2000 PAGE: 22 AMOUNT/ COST/ GAIN/LOSS 7,529,852.00 0.00 0.00 2,960,439.23 -2,960,439.23 0.00 34,655.77 0.00 0.00 2,995,095.00 0.00 0.00 2,370,560.00 -2,370,560.00 0.00 16,640.00 0.00 0.00 2,387,200.00 0.00 0.00 Executive Workbench @ II ORANGE COUNTY SANITATION DISTRICT II PAGE: 23 PORTFOLIO DETAIL OCSGOOO 10000 01-0CT-2000 -31-0CT-2000 OCSD-CONSOLIDATED SHARES/PAR TRADE DATE/ AMOUNT/ SECURITY ID TRANSACTION DESCRIPTION/ SETTLDATE/ COST/ TRANSCODE BROKER COMPLDATE GAIN/LOSS LIQUID OPER-PIMCO -203,816.11 DREYFUS TREASURY CASH MGMT 24-0ct-2000 203,816. l l 996085247 24-0ct-2000 -203,816.l l s 0.00 LIQUID OPER-PIMCO -203,816.11 DREYFUS TREASURY CASH MGMT 24-0ct-2000 203,816. l l 996085247 24-0ct-2000 0.00 FC 24-0ct-2000 0.00 LONG TERM OPER-PIMCO -500,000.00 FEDERAL HOME LN MTG CORP DIS 24-0ct-2000 493,653.33 313396R54 MAT 11130/2000 24-0ct-2000 -493,653.33 s MERRILL LYNCH PIERCE FENNER 0.00 LONG TERM OPER-PIMCO -500,000.00 FEDERAL HOME LN MTG CORP DIS 24-0ct-2000 3,057.78 313396R54 MAT 11/30/2000 24-0ct-2000 0.00 IS 0.00 LONG TERM OPER-PIMCO -500,000.00 FEDERAL HOME LN MTG CORP DIS 24-0ct-2000 496,711.1 l 313396R54 MAT l l/30/2000 24-0ct-2000 0.00 FC MERRILL LYNCH PIERCE FENNER 24-0ct-2000 0.00 FIXED INCOME SECURITIES LONG TERM OPER-PIMCO -2,490,390.89 STUDENT LN MKTG ASSN 98-2 Al 29-Sep-2000 2,515,994.79 78442GBA3 FLTG RT 04/25/2007 DD 06/18/ 04-0ct-2000 0.00 FC CREDIT SUISSE FIRST BOSTON C 04-0ct-2000 0.00 LONG TERM OPER-PlMCO -2,000,000.00 CHRYSLER FINL LLC MTN #TR006 29-Sep-2000 2,004,900.69 17120QE80 FL TG RT 08/08/2002 DD 04/08/ 04-0ct-2000 0.00 FC WARBURG DILLON READ LLC, NEW 04-0ct-2000 0.00 07-Nov-2000 14:50:42 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE -2,000,000.00 01N0806A7 s -2,000,000.00 OIN0806A7 FC -12,000,000.00 01N0806A7 s -12,000,000.00 01N0806A7 FC -6,250,000.00 01N0606A9 s -6,250,000.00 OIN0606A9 FC -3,500,000.00 01N0626A5 s 07-Nov-2000 14:50:42 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 8.00% I 0/15/2030 BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 8.00% 10/15/2030 BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 8.00% 10/15/2030 SALOMON BROS INC, NEW YORK LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 8.00% I 0/15/2030 SALOMON BROS INC, NEW YORK LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.000% 10/15/2030 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.000% 10/15/2030 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 10/15/2030 MERRILL LYNCH PIERCE FENNER TRADE DATE/ SETTLDATE/ COMPLDATE I 6-0ct-2000 23-0ct-2000 I 6-0ct-2000 23-0ct-2000 23-0ct-2000 16-0ct-2000 23-0ct-2000 16-0ct-2000 23-0ct-2000 23-0ct-2000 16-0ct-2000 23-0ct-2000 I 6-0ct-2000 23-0ct-2000 23-0ct-2000 16-0ct-2000 23-0ct-2000 PAGE: 24 AMOUNT/ COST/ GAIN/LOSS 2,036,328.13 -2,026,160.71 10,167.42 2,036,328.13 0.00 0.00 12,217,968.75 -12, 156,964.29 61,004.46 12,217,968.75 0.00 0.00 5,873,291.02 -5,820,312.50 52,978.52 5,873,291.02 0.00 0.00 3,372,578.13 -3,351,250.00 21,328.13 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOL!DATED SHARES/PAR SECURITY ID TRANSCODE -3,500,000.00 OIN0626A5 FC -11,000,000.00 01N0626A5 s -11,000,000.00 OIN0626A5 FC PRINCIPAL PAYMENTS FIXED INCOME SECURITIES -39,072.50 3133TCE95 PD -39,072.50 3133TCE95 FC -4,055.65 31348SWZ3 FC 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT I] PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO COMMIT TO PUR GNMA sr MTG 6.500% 10/15/2030 MERRILL LYNCH PIERCE PENNER LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 10/15/2030 BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 10/15/2030 BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A VAR RT 08/15/2032 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A VAR RT 08/15/2032 LONG TERM OPER-PIMCO FHLMC GROUP #78-6064 6.384% 01/01/2028 DD 12/01/ TRADE DATE/ SETTL DATE/ COMPLDATE I 6-0ct-2000 23-0ct-2000 23-0ct-2000 I 6-0ct-2000 23-0ct-2000 16-0ct-2000 23-0ct-2000 23-0ct-2000 l 5-Aug-2000 l 5-Aug-2000 l 5-Aug-2000 15-Aug-2000 l 6-0ct-2000 0 l-Sep-2000 01-Sep-2000 I 6-0ct-2000 PAGE: 25 AMOUNT/ COST/ GAIN/LOSS 3,372,578.13 0.00 0.00 10,596,093.75 -10,532,500.00 63,593.75 10,596,093. 75 0.00 0.00 39,072.50 -39,115.23 -42.73 39,072.50 0.00 0.00 4,055.65 0.00 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 39,069.00 3133TCE95 PDC -42,024.50 3133TCE95 PD -42,200.55 3133T02D5 PD -42,200.55 3133T02D5 FC -109,004.88 3128DDQ55 PD -109,004.88 3128DDQ55 FC -4,051.68 36225CNM4 PD 07-Nov-2000 14:50:42 ORANGE COUNTY SANITATION DISTRICT PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-P1MCO FHLMC MULTICLASS CTF E3 A VAR RT 08/15/2032 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A VAR RT 08/15/2032 LONG TERM OPER-PIMCO FHLMC MULTICL MTG P/C 1574 E 5.900% 06/15/2017 LONG TERM OPER-PIMCO FHLMC MULTICL MTG P/C 1574 E 5.900% 06115/2017 LONG TERM OPER-PIMCO FHLMC GROUP #G5-0476 7.000% 02/01/2003 DD 02/01/ LONG TERM OPER-PIMCO FHLMC GROUP #G5-0476 7.000% 02/01/2003 DD 02/01/ LONG TERM OPER-PIMCO GNMA II POOL #0080395 6.500% 04/20/2030 DD 041011 TRADE DATE/ SETTLDATE/ COMPLDATE 01-Sep-2000 01-Sep-2000 15-Sep-2000 15-Sep-2000 01-0ct-2000 01-0ct-2000 01-0ct-2000 01-0ct-2000 16-0ct-2000 01-0ct-2000 01-0ct-2000 01-0ct-2000 01-0ct-2000 16-0ct-2000 01-0ct-2000 01-0ct-2000 PAGE: 26 AMOUNT/ COST/ GAIN/LOSS -39,069.00 39,111.73 42.73 42,024.50 -42,070.46 -45.96 42,200.55 -42,141.20 59.35 42,200.55 0.00 0.00 109,004.88 -110,708.08 -1,703.20 109,004.88 0.00 0.00 4,051.68 -4,014.96 36.72 Executive Workbench @ OCSGOOOJOOOO OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -4,051.68 36225CNM4 FC -34,708.65 36225CAZ9 PD -34,708.65 36225CAZ9 FC -22,942.29 36225CN28 PD -22,942.29 36225CN28 FC -8,414.50 31348SWZ3 PD -39,351.23 36225CC20 PD 07-Nov-2000 14:50:42 [ ORANGE COUNTY SANITATION DISTRICT [\ PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA II POOL #0080395 6.500% 04/20/2030 DD 04/01/ LONG TERM OPER-PIMCO GNMA II POOL #0080023 7.125% 12/20/2026 DD 12/01/ LONG TERM OPER-PIMCO GNMA II POOL #0080023 7.125% 12/20/2026 DD 12/01/ LONG TERM OPER-PIMCO GNMA II POOL #080408X 6.500% 05/20/2030 DD 051011 LONG TERM OPER-PIMCO GNMA II POOL #080408X 6.500% 05/20/2030 DD 051011 LONG TERM OPER-PIMCO FHLMC GROUP #78-6064 6.384% 01/01/2028 DD 12/01/ LONG TERM OPER-PIMCO GNMA II POOL #080088M VAR RT 06/20/2027 DD 0610119 TRADE DATE/ SETTLDATE/ COMPLDATE 0 l-Oct-2000 0 l-Oct-2000 20-0ct-2000 01-0ct-2000 01-0ct-2000 0 l -Oct-2000 01-0ct-2000 20-0ct-2000 0 l-Oct-2000 0 l-Oct-2000 0 l -Oct-2000 0 l-Oct-2000 20-0ct-2000 0 l-Oct-2000 0 l-Oct-2000 0 l-Oct-2000 01-0ct-2000 PAGE: 27 AMOUNT/ COST/ GAIN/LOSS 4,051.68 0.00 0.00 34,708.65 -35,283.51 -574.86 34,708.65 0.00 0.00 22,942.29 -22,709.28 233.01 22,942.29 0.00 0.00 8,414.50 -8,209.40 205.10 39,351.23 -40,212.04 -860.81 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -39,351.23 36225CC20 FC -1,915.37 398IO#AE4 PD -1,915.37 398IO#AE4 FC -590.78 302998GE3 PD -26,549.26 3935052Y7 PD -26,549.26 3935052Y7 FC -3,038.43 31677EAA4 PD 07-Nov-2000 14:50:42 [I -ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA II POOL #080088M VAR RT 06/20/2027 DD 0610119 LONG TERM OPER-PIMCO GREYSTONE SVCNG CORP FHA #95 7.430% 06/01/2003 DD 0212910 LONG TERM OPER-PIMCO GREYSTONE SVCNG CORP FHA #95 7.430% 06/01/2003 DD 02/29/0 LONG TERM OPER-PIMCO WMP/HUNTOON PAIGE #000.11150 7.500% 12/01/2030 DD 10/21/9 LONG TERM OPER-PIMCO GREEN TREE CORP 99-D CL A-1 6.290% 10/15/2013 DD 08/26/9 LONG TERM OPER-PIMCO GREEN TREE CORP 99-D CLA-1 6.290% 10/15/2013 DD 08/26/9 LONG TERM OPER-PIMCO FIFTH THIRD BK AUTO TR 96A C 6.200% 09101/2001 DD 0311519 TRADE DATE/ SETTL DATE/ COMPLDATE Ol-Oct-2000 0 l-Oct-2000 20-0ct-2000 01-0ct-2000 01-0ct-2000 Ol-Oct-2000 01-0ct-2000 25-0ct-2000 01-0ct-2000 Ol-Oct-2000 l 5-0ct-2000 I 5-0ct-2000 15-0ct-2000 15-0ct-2000 i 6-0ct-2000 l 5-0ct-2000 15-0ct-2000 PAGE: 28 AMOUNT/ COST! GAIN/LOSS 39,351.23 0.00 0.00 1,915.37 -1,887.39 27.98 1,915.37 0.00 0.00 590.78 -577.95 12.83 26,549.26 -26,549.26 0.00 26,549.26 0.00 0.00 3,038.43 -3,038.43 0.00 Executive Workbench - @ OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE MATURITIES -3,038.43 31677EAA4 FC -38,500.03 3837H4NX9 PD -38,500.03 3837H4NX9 re CASH & CASH EQUIVALENTS -1,200,000.00 313396153 MT -300,000.00 313588K46 MT -600,000.00 313396K44 MT 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FIFTH THIRD BK AUTO TR 96A C 6.200% 091011200 I DD 03/ 15/9 LONG TERM OPER-PIMCO GNMA GTD REMIC TR 2000-9 FH VAR RT 02/16/2030 LONG TERM OPER-PIMCO GNMA GTD REMIC TR 2000-9 FH VAR RT 02/16/2030 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 10-5-2000 LIQUID OPER-PIMCO FEDERAL NATL MTG ASSN DISCOU MAT 10/12/2000 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 10/12/2000 TRADE DATE/ SETTLDATE/ COMPLDATE l 5-0ct-2000 l 5-0ct-2000 I 6-0ct-2000 I 6-0ct-2000 16-0ct-2000 16-0ct-2000 I 6-0ct-2000 I 6-0ct-2000 05-0ct-2000 05-0ct-2000 05-0ct-2000 12-0ct-2000 12-0ct-2000 I 2-0ct-2000 12-0ct-2000 I 2-0ct-2000 12-0ct-2000 PAGE: 29 AMOUNT/ COST/ GAIN/LOSS 3,038.43 0.00 0.00 38,500.03 -38,500.03 0.00 38,500.03 0.00 0.00 1,184,353.67 -1, 184,353.67 0.00 295,131.50 -295, 131.50 0.00 590,676.50 -590,676.50 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -6,200,000.00 36959HKCO MT -3,300,000.00 313396K93 MT -900,000.00 38142TKJ3 MT -1,200,000.00 313588L37 MT -1,100,000.00 313396M75 MT FIXED INCOME SECURITIES -150,000.00 61687YBUO MT -900,000.00 345402YKI MT 07-Nov-2000 14:50:42 JI ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GENERAL ELEC CAP DISC 10/12/2000 LONG TERM OPER-P!MCO FEDERAL HOME LN MTG CORP DIS MAT 1011712000 LIQUID OPER-PIMCO GOLDMAN SACHS LP DISC 10/18/2000 LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC MAT 10/19/2000 LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 10/31/2000 LIQUID OPER-PIMCO MORGAN J P & CO MTN SR 00043 6.125% 10/02/2000 DD 10/02/9 LIQUID OPER-PIMCO FORD MTR CR MTN# TR 00538 7.020% 10/10/2000 DD 10/1019 TRADE DATE/ SETTL DATE/ COMPLDATE 12-0ct-2000 I 2-0ct-2000 I 2-0ct-2000 I 7-0ct-2000 I 7-0ct-2000 I 7-0ct-2000 l 8-0ct-2000 l 8-0ct-2000 18-0ct-2000 . 19-0ct-2000 l 9-0ct-2000 l 9-0ct-2000 3 l-Oct-2000 3 l-Oct-2000 3 l-Oct-2000 02-0ct-2000 02-0ct-2000 02-0ct-2000 10-0ct-2000 10-0ct-2000 I O-Oct-2000 PAGE: 30 AMOUNT/ COST/ GAIN/LOSS 6, I 04,408.06 -6, 104,408.06 0.00 3,268,320.00 -3,268,320.00 0.00 884,794.50 -884, 794.50 0.00 1,180,189.33 -1, 180, 189.33 0.00 1,089,619.36 -1,089,619.36 0.00 150,000.00 -149,625.00 375.00 900,000.00 -905,913.00 -5,913.00 Executive Workbench - @ OCSGOOO 10000 OCSD-CONSOLlDATED INTEREST SHARES/PAR SECURITY ID TRANSCODE -4 75,000.00 318074AF8 MT -6,600,000.00 9128274T6 MT 0.00 996087094 IT 150,000.00 61687YBUO IT 2,500,000.00 59018SXP4 IT 0.00 996085247 IT 07-Nov-2000 14:50:42 [-ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRADE DATE/ TRANSACTION DESCRIPTION/ SETTLDATE/ BROKER COMPLDATE LIQUID OPER-PIMCO FINOV A CAP CORP l 5-0ct-2000 6.3 75% I 0/15/2000 DD 10/11 /9 I 5-0ct-2000 I 5-0ct-2000 LIQUID OPER-PIMCO US TREASURY NOTES 3 I-Oct-2000 04.000% I 0/31 /2000 DD I 0/31 I 3 l-Oct-2000 3 l-Oct-2000 LONG TERM OPER-PIMCO BSDT-LATE MONEY DEPOSIT ACCT 02-0ct-2000 Ol-Oct-2000 02-0ct-2000 LIQUID OPER-PIMCO MORGAN JP & CO MTN SR 00043 02-0ct-2000 6.125% 10/02/2000 DD 10/02/9 02-0ct-2000 02-0ct-2000 LONG TERM OPER-PIMCO MERRILL LYNCH NOTES 02-0ct-2000 6.375% 10/0112001 DD 10/03/9 0 l-Oct-2000 02-0ct-2000 LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT 02-0ct-2000 0 l -Oct-2000 02-0ct-2000 PAGE: 31 AMOUNT/ COST/ GAIN/LOSS 475,000.00 -4 73,03 I .25 1,968.75 6,600,000.00 -6,526, 781 .25 73,218.75 13.12 0.00 0.00 4,593.75 0.00 0.00 79,687.50 0.00 0.00 459.96 0.00 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 2,300,000.00 52517PPW5 IT 0.00 996085247 IT 1,200,000.00 313396153 IT 900,000.00 345402YKI IT 600,000.00 313396K44 IT 6,200,000.00 36959HKCO IT 0.00 313588K46 CD 07-Nov-2000 14:50:42 II ORANGECOUNTI'SANITATIONDISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO LEHMAN BROS HLDGS MTN TR 003 FLTG RT 04/01/2002 DD 031291 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 10-5-2000 LIQUID OPER-PIMCO FORD MTR CR MTN# TR 00538 7.020% 10110/2000 DD 1011019 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 10/12/2000 LONG TERM OPER-PIMCO GENERAL ELEC CAP DISC 10/12/2000 LIQUID OPER-PIMCO FEDERAL NATL MTG ASSN DISCOU MAT I 0/12/2000 TRADE DATE/ SETTL DATE/ COMPLDATE 02-0ct-2000 01-0ct-2000 02-0ct-2000 02-0ct-2000 01-0ct-2000 02-0ct-2000 05-0ct-2000 05-0ct-2000 05-0ct-2000 I O-Oct-2000 I O-Oct-2000 1 O-Oct-2000 I 2-0ct-2000 12-0ct-2000 I 2-0ct-2000 12-0ct-2000 12-0ct-2000 12-0ct-2000 I 2-0ct-2000 12-0ct-2000 PAGE: 32 AMOUNT/ COST/ GAIN/LOSS 44,643.40 0.00 0.00 6,416.84 0.00 0.00 15,646.33 0.00 0.00 31,590.00 0.00 0.00 9,323 .50 0.00 0.00 95,591.94 0.00 0.00 4,868.50 0.00 0.00 Executive Workbench @ OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY JD TRANSCODE 475,000.00 318074AF8 IT 2,000,000.00 073902AHI IT 109,004.88 3128DDQ55 IT 42,200.55 3133T02D5 IT 4,055.65 31348SWZ3 IT 26,549.26 3935052Y7 IT 39,072.50 3133TCE95 IT 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT II PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO FINOV A CAP CORP 6.375% 10/15/2000 DD 10/11/9 LONG TERM OPER-PIMCO BEAR STEARNS COS INC 6.750% 0411512003 LONG TERM OPER-PIMCO FHLMC GROUP #G5-0476 7.000% 0210112003 DD 021011 LONG TERM OPER-PIMCO FHLMC MULTICL MTG P/C 1574 E 5.900% 06/15/2017 LONG TERM OPER-PIMCO FHLMC GROUP #78-6064 6.384% 01/01/2028 DD 12/01/ LONG TERM OPER-PIMCO GREEN TREE CORP 99-D CL A-1 6.290% l 0/15/2013 DD 08/26/9 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF E3 A VAR RT 08/15/2032 TRADE DATE/ SETTLDATE/ COMPLDATE l 6-0ct-2000 I 5-0ct-2000 l 6-0ct-2000 16-0ct-2000 I 5-0ct-2000 16-0ct-2000 I 6-0ct-2000 0 l-Oct-2000 l 6-0ct-2000 16-0ct-2000 01-0ct-2000 16-0ct-2000 I 6-0ct-2000 Ol-Sep-2000 16-0ct-2000 16-0ct-2000 15-0ct-2000 l 6-0ct-2000 16-0ct-2000 15-Sep-2000 16-0ct-2000 PAGE: 33 AMOUNT/ COST/ GAIN/LOSS 15,140.63 0.00 0.00 67,500.00 0.00 0.00 45,672.35 0.00 0.00 924.50 0.00 0.00 1,593.67 0.00 0.00 1,100.06 0.00 0.00 15,449.64 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSCODE 3,038.43 31677EAA4 IT 38,500.03 3837H4NX9 IT 3,300,000.00 313396K93 IT 12,418.56 3133T17A4 IT 900,000.00 38142TKJ3 IT 1,200,000.00 313588L37 IT 0.00 3837H3C70 IT 07-Nov-2000 14:50:42 L ORANGE COUNTY SANITATION DISTRICT --jj PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FIFTH THIRD BK AUTO TR 96A C 6.200% 0910112001 DD 03/I 519 LONG TERM OPER-PIMCO GNMA GTD REMIC TR 2000-9 FH VAR RT 02/I6/2030 LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 10/17/2000 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF SER 162 6.000% 11/15/2023 DD 11/01/9 LIQUlD OPER-PIMCO GOLDMAN SACHS LP DISC 10/18/2000 LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISC MAT 10/19/2000 LONG TERM OPER-PIMCO GNMA GTD REMIC TR 2000-2 PA 7.000% 12/20/2022 TRADE DATE/ SETTLDATE/ COMPLDATE I 6-0ct-2000 I 5-0ct-2000 16-0ct-2000 l 6-0ct-2000 16-0ct-2000 I 6-0ct-2000 I 7-0ct-2000 I 7-0ct-2000 17-0ct-2000 I 7-0ct-2000 01-0ct-2000 17-0ct-2000 I 8-0ct-2000 J 8-0ct-2000 I 8-0ct-2000 I 9-0ct-2000 I 9-0ct-2000 19-0ct-2000 20-0ct-2000 0 I -Oct-2000 20-0ct-2000 PAGE: 34 AMOUNT/ COST/ GAIN/LOSS 66.15 0.00 0.00 14,765.80 0.00 0.00 31,680.00 0.00 0.00 12,418.56 0.00 0.00 15,205.50 0.00 0.00 19,810.67 0.00 0.00 11,666.67 0.00 0.00 Executive Workbench @ OCSGOOO 10000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 34,708.65 36225CAZ9 IT 39,351.23 36225CC20 IT 4,051.68 36225CNM4 IT 22,942.29 36225CN28 IT 0.00 17120QE80 IT 7,300,000.00 682680AJ2 IT 2,000,000.00 3133TDPY2 IT 07-Nov-2000 14:50:42 rr . ORANGE COUNTY SANITATION DISTRICT l PORTFOLIO DETAIL Ol-OCT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA II POOL #0080023 7.125% 12/20/2026 DD 12/01/ LONG TERM OPER-PIMCO GNMA II POOL #080088M VAR RT 06/20/2027 DD 0610119 LONG TERM OPER-PIMCO GNMA II POOL #0080395 6.500% 04/20/2030 DD 04/01/ LONG TERM OPER-PIMCO GNMA II POOL #080408X 6.500% 05/20/2030 DD 05101/ LONG TERM OPER-PIMCO CHRYSLER FINL LLC MTN #TR006 FLTG RT 08/08/2002 DD 04/08/ LONG TERM OPER-PIMCO ONEOK INC NEW NT FLTG RT 04/24/2002 DD 04/24/ LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF Tl I A6 6.500% 09/25/2018 TRADE DATE/ SETTLDATE/ COMPLDATE 20-0ct-2000 O l -Oct-2000 20-0ct-2000 20-0ct-2000 Ol-Oct-2000 20-0ct-2000 20-0ct-2000 Ol-Oct-2000 20-0ct-2000 20-0ct-2000 0 l-Oct-2000 20-0ct-2000 20-0ct-2000 20-0ct-2000 20-0ct-2000 24-0ct-2000 24-0ct-2000 24-0ct-2000 25-0ct-2000 25-Sep-2000 25-0ct-2000 PAGE: 35 AMOUNT/ COST/ GAIN/LOSS 7,551.42 0.00 0.00 10,788.10 0.00 0.00 6,696.90 0.00 0.00 53,713.61 0.00 0.00 7,891.04 0.00 0.00 137,864.56 0.00 0.00 10,833.33 0.00 0.00 Executive Workbench @ OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 1,915.37 39810#AE4 IT 6,600,000.00 9128274T6 IT 3,000,000.00 42333HLF7 IT 5,000,000.00 79548EEE8 IT I, 700,000.00 61745ENY3 IT 0.00 990000PJ4 cw 1,000,000.00 73317PAD1 IT 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT ii PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GREYSTONE SVCNG CORP fl-IA #95 7.430% 0610112003 DD 02/29/0 LIQUID OPER-PIMCO U S TREASURY NOTES 04.000% 10/31/2000 DD 101311 LONG TERM OPER-PIMCO HELLER FINL MTN #TR 00246 FLTG RT 04/28/2003 DD 041271 LONG TERM OPER-PIMCO SALOMON SB HLDGS MTN FL TG RT 04/28/2003 DD 04/28/ LONG TERM OPER-PIMCO MORGAN STANLEY MTN #TR 00311 FLTG RT 01/28/2002 DD 011271 LONG TERM OPER-PIMCO SHORT TERM FDS INT ADJ NET OF OVERNIGHT INTEREST LONG TERM OPER-PIMCO POPULAR INC MTN #TR 00004 6.200% 04/30/200 I DD 04/2119 TRADE DATE/ SETTL DATE/ COMPLDATE 25-0ct-2000 0 l-Oct-2000 25-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 30-0ct-2000 28-0ct-2000 30-0ct-2000 30-0ct-2000 28-0ct-2000 30-0ct-2000 30-0ct-2000 28-0ct-2000 30-0ct-2000 3 l-Oct-2000 3 l-Oct-2000 3 l-Oct-2000 3 l-Oct-2000 30-0ct-2000 3 l-Oct-2000 PAGE: 36 AMOUNT/ COST/ GAIN/LOSS 8,101.12 0.00 0.00 132,000.00 0.00 0.00 54,617.92 0.00 0.00 90,899.31 0.00 0.00 30,350.90 0.00 0.00 -1,214.87 0.00 0.00 31,000.00 0.00 0.00 Executive Workbench @ OCSGOOOJOOOO OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 1,100,000.00 313396M75 IT 0.00 79549BBG1 CD 0.00 9128272M3 CD 0.00 9128273A8 CD 07-Nov-2000 14:50:42 II ORANGE COUNTY SANITATION DISTRICT . --,l PORTFOLIO DETAIL 01-0CT-2000 -31-0CT-2000 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT I 0/3 I /2000 LONG TERM OPER-PIMCO SALOMON SMITH BARNEY HLDGS I 3.650% 02/14/2002 DD 02/14/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 0111512007 DD 01/15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.625% 07/15/2002 DD 071151 TRADE DATE/ SETTLDATE/ COMPL DATE 3 l-Oct-2000 3 l-Oct-2000 31-0ct-2000 31-0ct-2000 3 l-Oct-2000 3 l-Oct-2000 31-0ct-2000 3 l-Oct-2000 3 l-Oct-2000 ~ PAGE: 37 AMOUNT/ COST/ GAIN/LOSS 10,380.64 0.00 0.00 1,159.10 0.00 0.00 15,410.00 0.00 0.00 5,494.00 0.00 0.00 Executive Workbench FAHR CO MMITTEE AGE NDA REPO RT Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Michael D. White, Controller 11 /_?/U>bL) ~ To Bd. of Dir. Item Number Item Number FAHR00-91 SUBJECT: QUARTERLY INVESTMENT MANAGEMENT PROGRAM REPORT FOR THE PER/OD JULY 1, 2000 THROUGH September 30, 2000 GENERAL MANAGER'S RECOMMENDATION Receive and file the Quarterly Investment Management Program Report for the period July 1, 2000 through September 30, 2000. SUMMARY Section 15.0 of the District's Investment Policy includes monthly and quarterly reporting requirements for the District's two investment portfolios. These two funds, the "Liquid Operating Monies," and the "Long-Term Operating Monies," are managed by PIMCO, the District's external money manager. The ongoing monitoring of the District's investment program by staff and Callan Associates, the District's independent investment advisor, indicates that the District's investments are in compliance with the District's adopted Investment Policy and the California Government Code, and that overall performance has tracked with benchmark indices. In addition, sufficient liquidity and anticipated revenues are available for the District to meet budgeted expenditures for the next six months. The District's portfolios do not include any reverse repurchase agreements or derivative securities. PROJECT/CONTRACT COST SUMMARY N/A BUDGET IMPACT 0 This item has been budgeted. (Line item: ) O This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. 1ZJ Not applicable (information item) H:lwp,dtalfinl220\whitelFAHR\QrtlylnvestRpt9-30-2000.doc Revised: e12019e Page 1 ADDITIONAL INFORMATION Performance Reports The Quarterly Strategy Review, prepared by PIMCO, and the Investment Measurement Quarterly Review, prepared by Callan Associates, are attached for reference. Also attached are comparative bar charts which depict the sector diversification and credit quality of the District's portfolios, a$ of June 30, 2000 and September 30, 2000. The Liquid Operating Monies portfolio, with an average maturity of 90 days, consists entirely of cash equivalent investments such as U.S. Treasuries and corporate discount notes. Portfolio Performance Summary The following table presents a performance summary of the District's portfolios as compared to their benchmarks for the period July 1 through September 30, 2000. Portfolio Performance Summary Quarter Ended September 30, 2000 Uquid Operating Monies (%) Long-Term Operating Monies (%) . T!)till FWe of Return Benchmar1«1> Total Rate of Return BenchmarkC1> 3 Months 1.7 1.5 2.3 Z.6 6 Months 3.3 ' 2.9 4.3 4.3 9 Months 4.9 4,3 6.0 5.6 12 Months 6.4 5.6 6.7 6.1 Sine~ inception 3.0 Sept. 95 5.7 5.2 6.4 6.1 - Market Value per PIMCO 30 Jun 00 $3.3.~M $352.0M Average Quality "AA+" "AA+·" Current Yield ('*>) 6.3 6:3 Estimated Yield to Maturity (%) 6.7 6.9 Quarterly Deposits (Wlthdraw@ls) $0.0M $(14.3)M Estlmate.d Annual lncom·e $.2.1 M $22 . .2M (1) Benchmarks: • Liquid Operating Portfolio: 3-Month Treasury Bill Index • Long-Term Operating Portfolio: Merrill Lynch Corp/Govt. 1-5 Year Bond Index Market Recap Intermediate maturity Treasuries rallied in the third quarter as yields on two, five, and 10-year notes fell as much as 39 basis points. With yields on 30-year Treasuries remaining flat, the 10/30-year portion of the yield curve reverted to a positive slope for the first time since mid- January. The dis inversion of the long end of the yield curve came amid shifting market sentiment about the economy, Federal Reserve policy and the U.S. budget surplus, including: • Oil prices at the highest levels in a decade raised concern about the potential for accelerating inflation, causing 30-year bonds to lose their luster relative to less inflation- sensitive shorter-maturity debt. H:\wp,dta\fin\220\white\FAHR\QrtlylnvestRpt9-30-2000.doc Revised: 8120198 Page 2 • Inflation jitters were accompanied by indications that growth was slowing due to disappointing corporate earnings, reduced manufacturing activity, an uptick in unemployment and slower retail sales. • Signs of cooling economy allowed the Federal Reserve to leave the federal funds rate unchanged during the quarter. Optimism grew that the Fed's tightening cycle was over and its next move might be to ease. Potential for a less restrictive Fed boosted demand for two, five and 10-year notes. • For much of this year investors scrambled to buy long term Treasuries because of concern that buybacks financed by the federal budget surplus would create a dearth of high quality 30-year bonds. Support for the 30-year bond eroded during the third quarter, however, as tax cut and spending plans of the major presidential candidates threatened to consume the surplus. Performance results of the Long-Term Portfolio includes: • Under performed its benchmark for the quarter but outperformed year to date. • Below-benchmark duration had a slightly negative impact on returns as intermediate rates fell. • A broader-than-index maturity structure was negative as intermediate maturities similar to the index outperformed. • A mortgage emphasis added to returns due to relatively high yields and low market volatility. • Corporate holdings added to returns as relatively high yield premiums attracted investor demand. Performance results of the Liquid Operating Portfolio includes: • Outperformed its index for the quarter and year-to-date. • Near-benchmark duration was neutral for performance. • Investment-grade corporate holdings added to performance as credit premiums narrowed. • Use of high quality commercial paper and agency discount notes enhanced returns for the quarter. Market Outlook Forecasts from PIMCO report that Global growth will moderate in response to recent monetary tightening by central banks in the U.S., Europe and Japan and the highest oil prices in a decade. Inflation will creep higher as increased energy prices filter through economies worldwide. H:lwp.dtalfinl220\white\FAHR\QrtlylnvestRpt9-30-2000.doc Revised: 8/20/98 Page 3 Signs of a slowdown are apparent in the U.S. following 175 basis points of Federal Reserve rate increases since the middle of last year. Slower employment growth and reduced purchasing power due to raising oil prices will restrain previously exuberant consumers. The Fed's recent tightening cycle is likely over now that economic growth is cooling. Despite slower growth, the Fed will refrain from easing to avoid igniting inflation in equity and housing markets. High levels of investment in information technology will continue to buttress the U.S. economy, through this spending may prove vulnerable to slower growth. U.S. labor markets will remain tight, producing demands for higher nominal wages. Productivity growth will likely lag wage increases this late in the economic cycle, so upward pressure is expected on unit labor costs. PIMCO's portfolio strategy for the Long-Term Portfolio includes: • Target duration near the benchmark because intermediate rates are unlikely to fall further with the Fed on hold. • Maintain a broader-than-index maturity structure in order to capture value across the yield ' curve. • Continue to emphasis mortgages because of superior credit quality and relatively high yields; retain focus on "full faith and credit" GNMA's. • Hold upper tier, sher/intermediate corporate issues to take advantage of relatively high yields. • Continue to hold real return bonds as moderating growth and a neutral Fed put downward pressure on real yields. • Hold asset-backed securities, especially AAA/AA issues, which will benefit from Treasury scarcity and strong demand for high quality short-term holdings. PIMCO's portfolio strategy for the Liquid Operating Portfolio includes: • Target duration slightly above the benchmark to capture incremental yield from mortgage and high quality corporate issues. • Take advantage of historically wide credit premiums on select short-maturity, higher-rated corporate issues. • Continue to invest in high quality commercial paper as a means to add value and liquidity to the portfolio. • Hold agency discount notes, which have a yield premium over Treasury bills. Portfolio Market Values On August 31, 2000, the District received the sum of $32.67 million from the proceeds of the 2000 Refunding Certificates of Participation debt and deposited in the District's Long-Term Operating Monies portfolio for investment. This deposit was more than H:lwp dta\fin\220\white\FAHR\OrtlytnvestRpt9·30-2000.doc Revised: 8/20/98 Page4 offset by the withdrawal of $47.0 million during the quarter to meet the District's dry period operating and capital requirements. Comparative marked-to-market quarter-end portfolio values are shown in the table below, and in the attached bar chart. Liquid Long-Tenn Quarter Operating Operating Ending Monies ($M) Monies($M) 30 Sept. 99 19.3 271.1 31 Dec. 99 19.6 282.9 31March00 19.9 351.6 30 June 00 33.3 358.2 30 Sept. 00 33.9 352.0 ALTERNATIVES NIA CEQA FINDINGS NIA ATTACHMENTS 1. PIMCO Report 2. Callan Report 3. Quarter End Portfolio Market Value Bar Chart 4. Long-Term and Liquid Operating Monies Portfolio Charcteristics Charts (2) 5. Historical Yield Curve Graph H:lwp.dtalfin\220\whitelFAHR\QrtlylnvestRpt9-30-2000.doc Revised: 8/20/98 Page 5 Prepared by Finance, 11/02/2000, 8:44 AM OCSD Investment Management Program Quarter End Portfolio Values (Marked-to-Market) $400,000,000 .----------------------------~ $350,000,000 +--------------f"7"'7"':...,,._ ___ ---V $300,000,000 -1---------------V $250,000,000 -1--- $200,000,000 _, v $150,000,000 -1---- $100,000,000 I V $50,000,000 -+--------< $Q ! 1·.·.···•''''' 1 1·.·,·,·v1<<• 1·.-,-.. .,..,,,, r .·.·.-.1<.<.<<1 1 1.·.·.··v<<<1 I 30 Sep 99 31 Dec 99 31 Mar 00 30 Jun 00 30 Sep 00 [o Liquid Operating Monies~ Long-Term Operating Monies I G :\excel .dta\fin\2220\geggi\Finance\investmgmtprogram LONG-TERM OPERATING MONIES PORTFOLIO CHARACTERISTICS Orange County Sanitation District 06/30/2000 $358.2 $0.0 $22.6 2.2 60 _Q1,tali.ly 0 06/30/2000 Ill 09/30/2000 50 e: 40 ~ c 30 OJ !::' OJ 20 a. 10 AA+ 0 Al/Pl 70 60 S.e.d.ru3 60 . ~ 50 ~ 40 50 1 ~40 OJ ~ 30 -I 26 25 c fj 30 a. 20 Q; a. 20 10 0 0 0 0 0 10 Govt Mtg Corp Non US$ Emerging Other 0 4945 2:z24 I! '.'·'.· ~~\ 0 0 :~.:: 6 7 1:~1 11 I Below AAA AA A Al/Pl M.-lurily 45 0 0 I BAA 0 0 0 0 I t BA B Q 06/30/1000 Ill 09/3 012 000 0 0 Below B Develop Markets Net Cash Equiv 0-1 yrs 1-3 yrs 3-5 yrs 5-10 yrs 10-20 yrs 20+ yrs ~p1»1 :~ . ' d 06/30/2000 !16L3DL2illlll i"0~13ot2nrur ,. 0~0%· :> 1'.2% ·~-l~l% iY_,,. B~<.i 6'.-:7:\}1~ ci> . 0 12 71 5 ~·-6-% :~:;~~e:tottpim :·:~0 ,.. i:.i·J ~-~ %1': ~::1;~;~~~Joi, 0.0% 0.0 0.0 0.0 Measure of a bond portfolio's (or a bond's) price sensitivity to changes in interest rates. It is a weighted maturity at present value of all principal and interest payments 2 Includes quality rating of cash equivalents backing futures/forward commitments. 3 Other includes Yankee/Euro bonds, convertibles and preferred stocks; 'Net Cash Equivalent' equals cash equivalents less amount used to back futures, forwards and unsettled trades. 4 Mortgage-backed securities are categorized by weighted average life. 5 lnclutlcs all government futures and Eurodollar futures contracts. Due to the three-month maturity of the Eurodollar futures contracts, the nominal value has been divided by four. c, Securities determined by PIMCO to have potentially less stable duration characteristics, such as: 10 & PO Strips, Support-class CMOs, and Inverse Floaters. 7 Category includes securities which derive their value from underlying interest rates, such as credit spreads, swaps and non-U.S.derlvatives. i:t'O -o.6. 9.0 PACIFIC INVESTMENT MANAGEMENT COMPANY LIQUID OPERATING MONIES PORTFOLIO CHARACTERISTICS Orange County Sanitation District 0.3 6.6% ~!;~~ 0.3 AA+ ·.-.-,AA._·i{ M': 160 140 S_ectnr3 I 0 06/30/2000 • 09/30/2000 120 ~100 100100 7 : c 80 '(•:: ... u ~:~:. iii 60 a.. @: 40 it, ::~'.~ 20 0 0 0 0 0 0 0 0-0 0 0 0 0 :~~ - Govt Mtg Corp Non USS Emerging Other Net Cash/ Develop Markets M. Mkts. 120 100 ~ ~ BO c 60153, 51 Cl) ~ Cl) 40 r;:; a.. 20 20 22 0 Al/Pl AAA AA 140 120 100 ~ 80 c 81 Cl) u 60 iii Q_ 40 20 0 0-3 mo 3-6 mo Qualitr2 A Below BAA Al/Pl Maturity4 2 6-9 mo 9-12 mo L 00-6/30!.lOOO l ~09/Jonooo 0 0 0 0 BA B 0 0 Below B 0 06/3 0/2 000 II 09/30/2000 0 0 0 D 1-5 yrs 5+ yrs 06/30/2000 ,09/30Ji201ili j 0 ; ~; •.~~. "::; .. ~-~ -· ~· > i2~k 8-.,;: 'f291o ''? ~.[~o/.;, 0 10 6 63 20 6.4% 1 Measure or a bond portfolio's (or a bond's) price sensitivity to changes in interest rates. It is a weighted maturity at present value of all principal and interest payments. 2 Includes quality rating of cash equivalents backing futures/(orward commitments. 0.0 Vo , · _ i~~fo 0.0 ,.,·()~Q ' o.o ·" -~.o o.o '· 9~,o J Other includes Yankee/Euro bonds, convertibles & preferred stocks; Net Cash I Money Markets includes T-bills, STIF, CP, BAs and CDs, less amount to back bond futures, forwards and unselllecJ trades. 4 Mortgage-backed securities are categorized by weighted average life. 5 Securities determined by PIMCO to have potentially less stable duration characteristics, such as: 10 & PO Strips, Support-class CMOs, and Inverse Floaters. 6 Category includes securities which derive their value from underlying interest rates, such as credit spreads, swaps and non-U.S. derivatives. PACIFIC INVESTMENT MANAGEMENT COMPANY Prepared by Finance, 10/31/2000, 1:45 PM [HISTORICAL YIELD CURVEI 7.00 6.75 6.50 A. ~-. --------6.25 6.00 -~-~ - ~ 5.75 c _J 5.50 w > 5.25 5.00 4.75 4.50 4.25 4.00 ~ 0 E M I 0 E U) I .. ~ ..... .. ~ N I -- ... ~ M ' -- .. ~ ~ ' -- ... ~ .,, I - ~ ,... I -+-31-Mar-OO --&-30-Jun-OO ---29-Sep-OO I G:\excel.dta\fin\2220\geggi\Finance\HistoricalTREASURYyieldcurve I ~~~ ~_/ --- ... ~ 0 ..... I ... ~ 0 N ~ ' .. ~ 0 M INVESTMENT MANAGEMENT PROGRAM Orange County Sanitation District STRATEGY REVIEW FOR THE PERIOD JULY 1, 2000 -SEPTEMBER 30, 2000 FINANCE, ADMINISTRATION & HUMAN RESOURCES COMMITTEE NOVEMBER 3, 2000 PACIFIC INVESTMENT MANAGEMENT COMPANY AGENDA BOND MARKET REVIEW II CURRENT OUTLOOK I STRATEGY PACIFIC INVESTMENT MANAGEMENT COMPANY MARKET ANTICIPATES FED IS FINISHED LONG END OF U.S. TREASURY CURVE DISINVERTED • Intermediate-maturities rallied • Long maturities less attractive as fears of inflationary pressures increased • Slower growth diminishes scarcity premium of long-maturity Treasuries U.S. SWAP CURVE DECLINED AND STEEPENED • Wide corporate yield premiums attracted investors • Further tightening discounted by marketplace ~ l1... " Qi >= ~ " Qi ;;:: 7.5 cJ;S. TR~~S,l!R~ YIELp' CUli°VE -----------6/30/2000 ---9/30/2000 7.0 6.5 6.0 l't··-.. _ /' / '··--... _ --... ··-.................. _ .............. _ ....... -----------.. .. .· --____ _____:___:.:.::.~-'= 5.5 3m6m lY 2Y SY lOY 30Y U.S. SWAP YIELD CURYE fl 7.5 -... . .. . 7.0 6.5 6.0 -----------6/30/2000 ---9/30/2000 5.5 3m6m lY 2Y SY lOY 30Y • Swap yields represent a fixed rate at which a AA-rated bank can exchange floating rate debt for fixed rate debt. Swap rates are highly correlated with most non-Treasury sectors in the bond market. 5.90 5.BB 7.24 6.99 PACIFIC INVESTMENT MANAGEMENT COMPANY THIRD QUARTER PERFORMANCE MIXED 7.0 II !I ., i: . r--~ -r=;~r-i-~· ·:::::;1.(~:::~~ ':;::;;•. TREASUR~ YIELD MO~EMFNTS . ....._. ~-·: -~·r.:_-··-.. ~OYNt ?ft 6.5 ~0~ -1, :;-6.0 . '· •. - ]1 : .-·· 1-Yr. Bill > ,.a.~: 5.5 6.1% /'· .. ~ .. "'1~ 5.8% .• _~ .. --__ . - ,-· 5.0 ~-------~-------~------~------~ 4Q '99 :J.:. 125 I. 100 I 89 75 .., so I-35 CL B 25 ., t>O c: 0 "' ..c: u -25 -50 -75 -100 3 Mos. 1Q'OO 2Q 'OO --·<•· :: ' . :~~ -:~ I '~TREASLJ ~y. YIEL 0 Ctft.f•t_GE~ 8 Y ~A TU.R ITY 2 12 r--J 1 Yr. -39 2 Yrs. -SO -64 S Yrs. 10 Yrs. 3Q 'OO y -1 -60 30 Yrs. } ~IR1RD'QU~·flIER SECTOR'.INDEXl {(fl'UllNS 10.0 . :0 '' ''°'' 'I -·· 7.0 ~ 6.0 5.5 rl 5.6 5.8 c: 5.2 Al 5.7 s ~ n n 1il 3.6 CO! ~ 2.0 0.8 ~ 1.6 I-.... -02 ~.o .__ ______________________________ __. 1-3Yr. 1-3Yr.Corp. S-THigh Mortgages-1 Yr.CMT Hedged Non-Emerging Treasuries Yield Fixed Rate Conv. ARM U.S. Markets Source: Merrill Lynch, Salomon Brothers, JP Morgan, Lehman Brothers 2 PACIFIC INVESTMENT MANAGEMENT COMPANY STRATEGY RECAP -THIRD QUARTER LONG-TERM OPERATING FUND Period Ended September 30, 2000 DURATION ... MATURITY MIX ... SECTOR I ISSUE ... ffi1:: !.. PORTFOLIO. STRUCTU~~ 1 l .J;ii-i::!1·';:; BELOW INDEX BROADER-THAN-INDEX • High quality mortgage and asset backed securities • I nfl ati on Protected securities • High quality corporates 3 TH ;:i: ~ ... ... ... ----·-r'' r , . r, "' R-ELATIVE IMPACT " -· . - n t~ !:ftlHP Ql}ARTEfl :'.: ~-:=~! -2000, :T: •·• NEGATIVE NEGATIVE SLIGHT POSITIVE PACIFIC INVESTMENT MANAGEMENT COMPANY STRATEGY RECAP -THIRD QUARTER LIQUID OPERATING FUND Period Ended September 30, 2000 1;:: :~: DURATION ~ MATURITY MIX ~ SECTOR I ISSUE ~ . . .. .. .. ·~. '["'''i·lP1·~;~ PORTFOLIO S'CRWCTUR.f5.;,'", >&'q AT INDEX 1i Ill !, -.!. '!ii.. ' ;r fit·: ~ ~U'.4f!~: }\uo;:., SLIGHTLY BROADER-THAN-INDEX GREATER-THAN-INDEX EXPOSURE TO AGENCY DISCOUNT NOTES AND COMMERCIAL PAPER 4 ,:.:=-tt'"' ·:~HU; ··~ R-ELiTIVE~IMPACT •;, "'' .,,. ,:c .. -J:,.,,_ "'-!"-_ "c •o: _ -=----,--; TH'IRD QlTAllfER~ ·1 L; ;•: -;o_ 2000_ ,,. :;j:,: £ I ~ NEUTRAL ~ SLIGHT POSITIVE ~ POSITIVE PACIFIC INVESTMENT MANAGEMENT COMPANY REVIEW OF PERFORMANCE Through September 30, 2000 + Long-Term Operating Fund Since* Inception 9/30/95 3 Yrs.* 2 Yrs.* 1 Yr. 9 Mos. 3 Mos. 1 Mo . 9/30/00 Market Value Orange County Sanitation District (L-T) (%) 6.4 6.1 4.4 6.7 6.0 2.3 0.7 $352,012,929 Merrill 1 -5 Year Gov't. I Corp. Index (%) 6.1 5.8 4.2 6.1 5.6 2.6 0.9 + Liquid Operating Fund Since* Inception 9/30/95 3 Yrs.* 2 Yrs.* 1 Yr. 9 Mos. 3 Mos. 1 Mo. 9/30/00 Market Value Orange County Sanitation District (Liq-op) (%) 5.7 5.7 5.7 6.4 4.9 1.7 0.6 $33,876,761 3 Month T-Bill (%) 5.2 5.2 5.1 5.6 4.3 1 .5 0.5 * Annualized. 5 PACIFIC INVESTMENT MANAGEMENT COMPANY PIMCO OUTLOOK '·~ic9iAR '2.. "tm(\J'K "SURVIVOR'(~"· ':1 IM-!r • Environment increasingly driven more by credit risk than disinflation • Positive on U.S.: potential for mild recession • Negative on Japan: sustained economic weakness and large fiscal debt • Neutral on Europe: growth sustained mildly by "New Economy" expansion • Quality is key f,. cittitAi...~. FED ;PR-OllA'BLY ooN'ff·· BVT R-1SKJREMA1NS" f"l· r , · ~' ,;:--;~-·· 111 .·,1. --" / • · · -~-, :r _.. --·· -~ • Signs of moderating growth • Fed likely on hold • Corporate spreads to remain vulnerable 6 PACIFIC INVESTMENT MANAGEMENT COMPANY EMPHASIZE QUALITY AS ECONOMY SLOWS ; ... ;:1 r: ... MARKET OtJH<!JOI< CREDIT • Rising debt levels and slower economic growth are likely to result in poor performance of credit-sensitive assets INTEREST RATES • Front end yield curve inversion susceptible to rising yields 7 Ti • • • r ;~!=:~, ~:;:;;i 1ii '11 ~ ·PaRTFOil6 STRATECY • Continue to emphasize quality • Within corporates, emphasize short-term, high quality • Target near-index duration • Maintain broader than index yield curve exposure following the rally of the short and intermediate sections of the curve PACIFIC INVESTMENT MANAGEMENT COMPANY J '.1 1 ~1 J I _J \ --I' J I ,_) Callan Associates Inc. Investment Measurement Service Quarterly Review Orange County Sanitation District September 30, 2000 The following statistical analysis was prepared by Callan Associates Inc. utilizing secondary data from statements provided by the plan trustee and/or custodian, CAI computer software and selected information in CAi's database. This report may also contain returns and valuations from outside sources as directed by the client. CAI assumes no responsibility for the accuracy of these valuations or return methodologies. Reasonable care has been taken to assure the accuracy of the CAI computer software and database. CAI disclaims responsibility, financial or otherwise for the accuracy or completeness of this report. Copyright 2000 by Callan Associates Inc. l · 1 ~ \ 1 _J _ J , I j I .J Section I Active Management Overview Foreword ............................................................... . Domestic Equity ......................................................... . Domestic Fixed-Income .................................................... . International Equity ....................................................... . International Fixed-Income ................................................. . Domestic Equity-Mutual Funds ................... _ ......................... . Domestic Fixed-Income-Mutual Funds ....................................... . International Equity-Mutual Funds ........................................... . International Fixed-Income-Mutual Funds ..................................... . Section II Asset Allocation and Performance Asset Class Risk and Return ................................................ . Investment Manager Asset Allocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ . Investment Manager Returns ................................................ . Section ID Manager Analysis PIMCO-Liquid Operating Monies PIMCO-Liquid Operating Fund Bond Portfolio Characteristics Portfolio Characteristics Detail 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 I J -1 1 j MARKET OVERVIEW ACTIVE MANAGEMENT VS INDEX RETURNS Market Overview The charts below illustrate the range of returns across managers in Callan's Separate Account database over the most recent one quarter and one year time periods. The database is broken down by asset class to illustrate the difference in returns across those asset classes. An appropriate index is also shown for each asset class for comparison purposes. As an example, the first bar in the upper chart illustrates the range of returns for domestic equity managers over the last quarter. The triangle represents the S&P 500 return. The number next to the triangle represents the ranking of the S&P 500 in the domestic equity manager database. 15% Range of Separate Account Manager Returns by Asset Class One Quarter Ended Septembe1· 30, 2000 I 10%-~~ I 5%- "' (37) (38)LJ E -(97) ..a 0% ~ (5%)- (10%) J (15%) I 0th Percentile 25th Percentile Median 75th Percentile 90th Percentile Index A 80% 70%- 60% 50% "' 40%-E 30%-..a Cl) 20%-~ 10%- 0% (10%)- ' -----... (45) :, (65)~A ---i Domestic Non-US Domestic Non-US Real Cash Equity Equity Fixed-Income Fixed-Income Estate Equivalents vs vs vs vs VS vs S&P500 MSCIEAFE LBAggrBd SB Non-US Gov NCREIF Index 3 Mon T-Bills 10.46 (5 15) 3.28 (3 941 4.00 2.19 7.38 (6 51 ) 3.10 (4 281 3.35 I 95 3.01 (7 58 \ 2.91 (4 621 2.27 1.74 (0 71) (8.63 1 2.51 (4 901 1.69 1.66 (3.23) (9 90 1 2.08 (5 191 (2 60) L56 (0 97) (8 07 1 3.01 (4 52) 3.04 1 51 Range of Separate Account Manager Returns by Asset Class One Year Ended September 30, 2000 f I (75J i-&---! (83)1--(31) -----+-(3-----<l)f I (47) -- (96)"*===- I (20%)---'--------'-------'-------'-------------'---------' Domestic Non-US Domestic Non-US Real Cash 10th Percentile 25th Percentile Median 75th Percentile 90th Percentile Index A. Orange County Sanitation District Equity vs S&P500 63.54 36 36 21.00 13.26 7.07 13.28 Equity Fixed-Income vs vs MSCIEAFE LBAggrBd 24.25 7.67 17.11 7.13 10.23 6.64 4_74 6.20 2.18 5.60 3.17 6.99 Fixed-Income Estate Equivalents vs vs vs SB Non-US Gov NCREIF Index 3 Mon T-Bills (5 35) 15.59 6.77 (7 38) 12.50 6.52 (7 93) 9.55 6.34 (8 56) 4.47 6.10 (9 07) (4 34) 5.87 (7 86) 11.85 5.78 1 l l J 1 ... J DOMESTIC EQUITY Active Management Overview Active Managers vs. the Index Core and Growth equity managers ended up in negative territory for the second straight quarter for the period ended September 30, 2000. The median Core manager came out just ahead of the S&P 500's (0.97%) return, and stayed 203 basis points ahead of the index for the one-year period with a return of 15 .31 %. Mid Cap managers continued to perform well relative to their domestic equity peers, but fell 485 basis points short of the S&P Mid Cap Index for the quarter. For the year, however, active Mid Cap managers outperformed the index with an impressive return of 44.82%. Small Cap Broad funds were ahead of the Russell 2000's 1.11 % return for the quarter, and surpassed the index's one-year return of23.39%. Growth vs. Value Style Continuing second quarter's trend, the median Value manager exceeded its Growth peers in the third quarter of 2000. The median Large Cap Growth manager lost 1.18% while Large Cap Value gained 5.29%. For the same period, Small Cap Value's 7.49% return surpassed Small Cap Growth by 7.64%. The one-year standings reflected the dominant performance of Growth managers during the end of 1999. The median Large Cap Growth manager outperformed Large Cap Value by 19 .59% for the year. Small Cap Growth's one-year return was significantly higher than Small Cap Value's return of 17.78%, just as Mid Cap Growth's 65.21 % return overwhelmed its Value counterpart. Large Cap vs. Small Cap The Callan indices showed a significant capitalization effect for the third quarter, with the Small Cap Index exceeding the Large Cap Index's (3.28%) by 748 basis points. Among active managers, the median Mid Cap Broad manager's 7.30% return outperformed both Small Cap Broad and Large Cap Broad by 3.60% and 7.53%, respectively. The capitalization effect was even stronger for the one-year period, as the median Small Cap Broad manager outperformed its Large Cap counterpart by 18.65%. Mid Cap Broad funds returned 44.82% for the year, surpassing Large Cap and Small Cap funds. en E ::l ~ Separate Account Style Group Median Returns for Quarter Ended September 30, 2000 !~~I------__:J,42%- 6%1---- 4%1- 2%-0%t-~~-0._04_%~-;;;--;-;:7'1111111' ...... (0.15%) ('' ~~o.) (2°~) -----Tt:18%Y--"'~0 Aggressive Small Cap Growth Growth Growth Core Equity Yield Value Separate Account Style Group Median Returns for One Year Ended September 30, 2000 10% I 60%' 50%r 40% i-- 30% !,__ 20%r- 10% 0%..__ __ CAI Large: S&P 500: CAI Small: (3 2s0;,) (0 97~~) 4.20% 6.26% Small Cap Mid Cap Contrarian Value Broad CAI Large: S&P 500: CAI Small: -44.82%- 12.52% 13.28% 31.37% ·I 1 ~ ---~ __b52% Aggressive Small Cap Growth Growth Growth Core Equity Yield Value Small Cap Mid Cap Contrarian Value Broad Orange County Sanitation District II 2 1 l 1 \ I 1 I J 'J J ( ~J DOMESTIC FIXED-INCOME Active Management Overview Active Managers vs the Index In the third quaiter, bond managers continued their solid year to date performance. The median Core Bond manager returned 3.04% for the quarter, exceeding the Lehman Govt/Credit Index and coming out just ahead of the Lehman Aggregate's 3.01% return. For the year, Core Bond funds outperformed both indices with a return of 7.08%. Short Duration vs Long The inverted yield curve began to right itself during the third quarter, resulting in higher returns for the median Extended Maturity manager. The median Extended Maturity manager's 3.13% return exceeded the median Intermediate fund by 21 basis points and the median Defensive fund by 76 basis points for the quarter. For the year, the median Extended Maturity manager returned 8.31 %, exceeding both the median Defensive and Intermediate manager by 1.88%. Mortgages and High Yield Mortgage Backed managers continued to enjoy strong performance during the quarter ended September 30, 2000, as their 3.28% return was among the highest in the domestic fixed-income universe. The standings were similar for the one-year period. The median Mortgage Backed manager returned 7.53%, and the mortgage-inclusive Lehman Aggregate came out ahead of the Govt/Credit Index by 26 basis points. High Yield managers returned only 0.74% for the quarter, and for the one-year period, High Yield funds continued to trail their fixed-income peers, returning 3.02%. "' E .8 (!) i::i::: 4.0% Separate Account Style Group Median Returns for Quarter Ended September 30, 2000 3.5%~ 3.0% [,_ 1.5% 1.0% 0.5% - 0.0% Separate Account Style Group Median Returns Lehman Aggregate: 3.01% Lehman Govt/Credit: 2.87% Lehman Aggregate: 6.99% for One Year Ended September 30, 2000 JO%------~~~--------~~~~-------t__L_eh_m_a_n_G_o_v_t!C_r_e_di_t:~6-._73_o/._o~ 8%L- "' 6% ~ ~ 4% 2% +--- 0% __ _ Active Cash Orange County Sanitation District Defensive lntermed Core Bond Core Plus 8.31% Extended Maturity Active Duration Mortgage Backed High Yield 3 1 1 I 1 J J J INTERNATIONAL EQUITY Active Management Overview Active Managers vs. the Index The international equity universe fell deeper into negative territory in the third quarter, as the MSCI EAFE Index lost 8.07%. Active managers did not fare much better, with the median Core International Equity manager returning (7.48%). Strengthened by robust returns in the fourth quarter of 1999, international equity managers showed mostly positive returns for the one-year period ended September 30, 2000. Core managers outperformed the EAFE's 3.17% return, while the median Europe manager beat its MSCI index. Pacific Basin managers posted a return of 2.51 % for the year, surpassing the MSCI Pacific Index by 3.88%. RE!J~Ope_ d k · E d . f E k d . h h' d 1smg mterest rates an a wea enmg uro ma e mvestors wary o uropean mar ets urmg t e t 1r quarter. However, their return of (6.53%) kept them at the top end of the international equity universe for the third straight quarter. For the year, the median Europe equity manager returned 12.95%, outperforming the MSCI Europe Index by 750 basis points. Pacific Pacific Basin and Japan Only equities continued to lose ground in the third quarter. The median Pacific Basin manager fell 10.56%, underperforming the MSCI Pacific Index by 0.94%. The median Japan Only manager posted a (9.24%) return for the quarter. Returns for the one-year period were not as gloomy, although the MSCI Pacific Index remained in negative territory with a (1.37%) return. The median Pacific Basin manager gained 2.51 % for the year, while Japan Only managers returned 0. 78%. Emerging Markets Emerging Markets struggled this quarter, as the MSCI Emerging Markets Free Index lost 13.00%, and the median Emerging Markets manager returned (11.80%). Of the regional components, Europe & the Middle East suffered the smallest loss with a return of(3.70%), led by the one of the only countries in positive territory, Israel, up 19.25%. For the year, Emerging Markets managers returned 9.37%, exceeding the MSCI index by 8.95%. <fl Separate Account Style Group Median Returns for Quarter Ended September 30, 2000 0% r-- (2"o) 1---· (~0 o) L--. E ui"ol ;----t (8~o) r--------1-Q SJ~,;,J- "' I 10°,1 j -- ( 1200) ----- (1~0o) ---------- Europe Core Int'I Pacific Basin Separate Account Style Group Median Returns for One Year Ended September 30, 2000 Japan Only MSCI EAFE: (8.07~o) MSC! Europe: ( 7.3 I 0 o) MSCI Pacific: (<l 62° o) ( 11 82°0) --~ Emerging Markets MSC! EAFE: 3.17% MSC! Europe: 5.45% MSCI Pacific: (I 3 7~ o) l j 16%r-----------------------------L_ _______ .J----, 14% 12% 10% 8% 0% Orange County Sanitation District Europe Core lnt'I Pacific Basin Japan Only Emerging Markets 4 I ,r--~~~~~~~~~~~~~~~~ l l 1 ) J ~. INTERNATIONAL FIXED-INCOME Active Management Overview Active Managers vs. the Index For the quarter ended September 30, 2000, international fixed-income managers continued their poor performance from the past two quarters. The Salomon Non-U.S. Government Bond Index, with a return of(4.52%) for the quarter, came out slightly ahead of the Non-U.S. Fixed-Income style group's median return of (4.62%). Global managers also posted negative returns, almost matching the Salomon World Government Bond Index return of (2.62)%. For the year, the median Global manager underperformed the Salomon World Govt. Index by 57 basis points. Non-U.S. managers came out just short of the Non-U.S. Govt. Index with a one-year return of(7.93%). Europe The European Central Bank raised interest rates in August by 25 basis points to 4.50%. Despite this increase, the European Government Bond Index rose 1.12% locally, but the weak Euro left unhedged investors disappointed with a (6.91%) return for the quarter. The UK market also performed well, gaining 0.75%, but a weaker Pound was responsible for a loss of 1.60% in Dollar terms. Asia The Japanese economy showed signs of recovery this quarter, including a slight improvement in consumer demand. The Salomon World Govt. Bond Japan Index had a moderate decline of 0.13% in local terms for the third quarter, but managed to stay in positive territory for the year, returning 0.95%. The Japan U.S. Dollar Index fell 2.22% for the quarter, bringing its one-year return down 0.53%. Emerging Markets Though tbe international fixed-income universe was characterized by negative returns this quarter, the median Emerging Debt manager posted a positive return of 4.19%. The JP Morgan Emerging Market Index fared even better, returning 5.20%. These returns helped to boost an impressive one-year run for Emerging Markets, as the median manager returned 28.85%, while the index posted 28.02%. "' Separate Account Style Group Median Returns for Quarter Ended September 30, 2000 6%·---------~-----~- 4% 2% Salomon World Govt: Salomon Non-US Govt: Salomon Non-US Hedged: JP Morgan Emerging Mkt: (2 62%) (4 52~o) 1.63% 5.20% E o%1--- ~ (2%) "' E ::l ...... Cl) ..::: (4%) (6%) --(.U.:?.~1)-- (8%) ·--------------------------=-'---""----------' Non-US Fixed-Income Global Fixed-Income Emerging Debt Domestic Core Bond Salomon World Govt: (3 91 %) Separate Account Style Group Median Returns Salomon Non-US Govt: (7 86"ol for One Year Ended September 30, 2000 Salomon Non-US Hedged: 6.97% 40%~---------------------------1~J_P _M_o_rg_an_Em_er_g_in_g_M_k_t: __ 2s_.0_2_o/c_o~ 30% 20% 10% 0% (I O~u) (20%) Non-US Fixed-Income Global Fixed-Income .-1.§.85% -------- Emerging Debt Domestic Core Bond Orange County Sanitation District II 5 l l . l 1 l J J Active vs the Index DOMESTIC EQUITY Active Management Overview The median Core Equity fund outperformed the S&P 500 Index for both the quarter and the year ended September 30, 2000, returning 0.31 % and 14.17%, respectively. For the quarter, the median Mid Cap Broad fund returned 4.85%, underperforming both Callan's Mid Cap return of 8.85%, as well as the S&P Mid Cap's 12.15% return. Small Cap Broad's 3.98% return for the quarter fell short of the Callan Small Cap Index's 4.20%, but exceeded the Russell 2000's return of 1.11 %. Large Cap vs Small Cap For the quarter, Mid Cap Broad funds posted a return of 4.85%, outperforming Small Cap Broad funds by 0.87% and Core Equity funds by 4.54%. The standings were the same for the year ended September 30th, with the median Mid Cap Broad fund returning 35.64%. Among the indices, the Callan Small Cap Index recovered from its second quarter loss. Its return of 4.20% for the third quarter exceeded Callan's Large Cap Index by 748 basis points. For the year, the Small Cap Index came out ahead of its large cap counterpart by 18.85%. Growth vs Value For the quarter, Value funds came out on top across the board, with Large Cap Value funds outperforming Large Cap Growth by 6.14%. The median Small Cap Value fund had a one-quarter return of 6.64%, compared to a 0.80 % return for Small Cap Growth. For the one-year period, Growth funds maintained their long-term superiority over their Value counterparts; Large Cap Growth funds beat Large Cap Value by 17.34%, and Small Cap Growth outpaced Small Cap Value by 37.26%. rn s ::l ...... (I) 0::: rn s ::l ...... Q) 0::: Mutual Fund Style Group Median Returns for Quarter Ended September 30, 2000 CAI Large: S&P 500: CAI Small: (3.~S~o) (0 97%) 4.20% 10%•,---------------------------~---------'---i -7:-34%-------1 8%'------- 6% ---- 4% 2% ---- 0.31% 0% (~~ol -(.U..'l2 0 L---- (4~al Large Cap Core Growth Equity Yield Mutual Fund Style Group Median Returns for One Year Ended September 30, 2000 50% I Large Cap Value 40% ------------ 30% 20% 10% 0% Large Cap Core Yield La~e Cap Growth Equity alue Mid Cap Broad -35.64% Mid Cap Broad Small Cap Broad CAI Large: 12.52% S&P 500: 13.28% CAI Small: 31.37% ----- Small Cap Broad Orange County Sanitation District 6 l 1 1 J l J DOMESTIC FIXED-INCOME Active Management Overview Active vs the Index Domestic Fixed-Income funds, excluding High Yield, saw another quarter of positive returns for the period ended September 30, 2000. The median Core Bond fund returned 2.84%, underperforming both the Lehman Aggregate, 3.01 %, and the Lehman Government/Credit, 2.87%. The same was true for the year ended September 30th, with the median Core Bond fund underperforming the Lehman Aggregate and the Lehman Government/Credit index by 68 and 42 basis points, respectively. Short vs Long Duration Extended Maturity funds regained their position ahead of their shorter duration peers in the third quarter, with a return of2.71%. Intermediate funds posted a one-quarter return of2.65%, while the median Defensive fund returned 2.25%. For the year, Intermediate and Defensive funds posted similar returns of 5.78% and 5.77%, both falling short of Extended Maturity's 6.37% return. Mortgages and High Yield Mortgage Backed funds led the domestic fixed-income universe for the third quarter, returning 2.93%. Among the indices, the mortgage-free Lehman Government/Credit Index trailed the Lehman Aggregate by 14 basis points for the quarter. Similarly, for the year, the Aggregate came out ahead of the Government/Credit and the median Mortgage Backed fund posted ahead of Core Bond. For the quarter, the median High Yield fund ended in negative territory with a loss of0.87%, and only showed a gain of0.14% for the year. Mutual Fund Style Group Median Returns for Quarter Ended September 30, 2000 4%1 :: ~ = ----------- 1 1%~- Lehman Aggregate: 3.01% Lehman Govt/Credit: 2.87% I --2.93%__ ~ 0% -1 :~::: l _____ ------------~===-------~~~-~=-=~~--_------~---===-------~==~ -(-0=8=7°-:o-l __ -_-_-_J Money Defensive Intermed Core Extended Mort~age Market Bond Maturity BacKed High Yield Mutual Fund Style Group Median Returns for One Year Ended September 30, 2000 7% r-------::t =-3%~ 2o/. ~-----0 I 1% 0%~-- Money Market Orange County Sanitation District Defensive lntermed Core Bond Extended Maturity Lehman Aggregate: 6.99% Lehman Govt/Credit: 6.73% --6..1.4% ---- Mortgage Backed 0.14% High Yield II 7 1 l l J l J J Active vs the Index INTERNATIONAL EQUITY Active Management Overview Once again, both the median Core International Equity fund and the median Europe fund outperformed the MSCI EAFE Index and the MSCI Europe Index, respectively. Over the last year, the median Core fund exceeded the Index by 436 basis points while the median Europe fund surpassed its Index by 910 basis points. The median Pacific Basin fund returned (13.14%) for the quarter ended September 30, 2000, underperforming the MSCI Pacific Index for the second straight quarter. Europe During the third quarter, the median Europe fund returned (5.85%), surpassing the median Core fund, the median Pacific Basin fund and the median Emerging Market fund. For the year, the median Europe fund posted a 14.55% return, beating the median Core International Equity fund by 702 basis points. Pacific Pacific Basin and Japan funds performed poorly for the second straight quarter; the median Pacific Basin fund posted a (13.14%) return for the quarter and the median Japan Only fund returned (10.41%). During the last year, the median Pacific Basin fund returned 0.04%, exceeding the MSCI Pacific Index by 141 basis points. "' Mutual Fund Style Group Median Returns for Quarter Ended September 30, 2000 0%1 (2°o)E \4°ol - (6~o) ---~3501 (.. ,o) E B (8%l Q) ~ (IO~o) ( 1 2~ o) < 14~;,J (16°0) ~~~------------ Europe Core Int'! Pacific Basin Mutual Fund Style Group Median Returns for One Year Ended September 30, 2000 20% -------------- 15% r ____ 14.55% ____ _ 5% 0.04% 0%>---- (5%) Europe Core lnt'I Pacific Basin Orange County Sanitation District Japan Only (0.79°·o) Japan Only MSC! EAFE: (S 07%) MSC! Europe: (7.31 %) MSC! Pacific: (9 62~o) Emerging Mark:ets --l MSC! EAFE: 3.17% MSC! Europe: 5.45% MSC! Pacific: (I 3ro) --3.Wla- Emerging Mark:ets 8