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2003-05-14
. . MINUTES OF FINANCE, ADMINISTRATION AND FILED HUMAN RESOURCES ~OMMITTEE MEETlailt~r~: g~1~~~T~ ~~!.~~:i~~R~~~~~cT MAY 2 8 2003 Orange County Sanitation District 1 Wednesday, May 14, 2003, 5:00 p.m. JY_ll _____ ~ A meeting of the Finance, Administration and Human Resources Committee of the Orange County Sanitation District was held on May 14, 2003, 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;. Brian Brady, Chair Roy Moore, Vice Chair Alberta Christy Mike Duvall Mark Leyes Joy Neugebauer Shirley McCracken, Board Chair Steve Anderson, Vice Board Chair Directors Absent: James W. Silva STAFF PRESENT: Blake P. Anderson, General Manager Gary Streed, Director of Finance/Treasurer Lisa Tomko, Director of Human Resources Carol Beekman, Communications Services Manager David Ludwin, Director of Engineering Bob Ooten, Director of Operations & Maintenance Mike White, Controller Jeff Reed, Human Resources Manager Jan Collins, Senior Human Resources Analyst James Matte, Safety and Health Supervisor Penny Kyle, Committee Secretary OTHERS PRESENT: Sonya Wassgren Thomas L. Woodruff, General Counsel Jennifer Cabral Steve Filarsky, Special Labor Counsel Don Hughes Randy Fuhrman Ryal Wheeler Garry Brown (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS Randy Fuhrman requested he be allowed to speak prior to the consideration of Item 11 (b). (4) REPORT OF THE COMMITTEE CHAIR Chair Brady stated that Closed Session, Item 13(a)(1), would be considered immediately following the consent calendar. Minutes of the Finance, Administration and Human Resources Committee Meeting Page 2 May 14, 2003 (5) REPORT OF THE GENERAL MANAGER Blake Anderson, General Manager, reported the District hosted the Orange County Business Council's Board meeting the prior week. The Business Council had voted unanimously to endorse ACA 10, a bill that would give the District the discretion to raise fees related to urban runoff management. Favorable discussion has been held throughout the state on this issue. The following week Mr. Anderson would be attending the AMSA Conference, which will be held in Washington, DC. He is scheduled to meet with Representatives Cox and Sanchez, who have both been very helpful on the EPA grant the District is seeking to help fund secondary treatment facilities. (6) REPORT OF DIRECTOR OF FINANCE/TREASURER Gary Streed, Director of Finance/Treasurer, referred the Directors to the Treasurer's Report distributed to the Directors that evening and provided an explanation for a couple of minor exceptions to the policy. He also referred the Directors to a revised exhibit distributed that evening to Agenda Item 11(b)-FAHR03-38 regarding fees paid by permit users which sorted the users by order of highest paid to lowest paid users. (7) REPORT OF DIRECTOR OF HUMAN RESOURCES Lisa Tomko, Director of Human Resources, reported that Item 12(a) -FAHR03-39 was not included in the committee package. She requested the information be moved for consideration at the June 11, 2003 FAHR Committee meeting. (8) REPORT OF COMMUNICATIONS SERVICES MANAGER Carol Beekman, Communications Services Manager, distributed to the Directors information contained on the District's website regarding the sewer rate increase the Directors might find helpful to share with their constituents. She also distributed a chart from an AMSA national survey conducted in 2002 that rated 216 agencies across the country. The chart reflects where OCSD's proposed rates compare with other agencies. (9) REPORT OF GENERAL COUNSEL Thomas L. Woodruff, General Counsel, reported an e-mail had been received from SAWPA regarding the Board's action in April concerning utilization of a mediator over the dispute of monies owed to the District. SAWPA indicated that a special meeting had been held and they directed staff to prepare the response to review and approve at their next commission meeting, which would be held on May 21st.. SAWPA would provide the District a letter immediately following this meeting informing the District of their action. Minutes of the Finance, Administration and Human Resources Committee Meeting Page 3 May 14, 2003 {10) CONSENT CALENDAR ITEMS a. The Chair ordered that the April 9, 2003 minutes for the Finance, Administration and Human Resources Committee meeting be deemed approved, as mailed. b. FAHR03-28 c. FAHR03-29 d. FAHR03-30 e. FAHR03-31 f. FAHR03-32 g. FAHR03-33 Recommend to the Board of Directors to receive and file Treasurer's Report for the month of April 2003. Receive and file Certificate of Participation (COP) Monthly Report. Receive and file Employment Status Report as of April 30, 2003. Receive and file OSHA Incidence Rates and Workers' Compensation Claims and Costs Report. Recommend to the Board of Directors to receive and file the 2002-03 Third Quarter Financial Report for the period ending March 31, 2003. Recommend to the Board of Directors to receive and file Quarterly Investment Management Program Report for the period January 1, 2003 through March 31, 2003. h. FAHR03-34 Recommend to the Board of Directors to adopt Resolution No. OCSD 03- -' approving Orange County Sanitation District Amended Deferred Compensation Plan (2003) for Officers and Employees of the District. i. FAHR03-35 Recommend to the Board of Directors to approve an increase of $1 .00 per hour to the Intern pay range grade 0 ($10.00 -$17 .00), in support of the new Student Intern Program, to be effective May 28, 2003. j. FAHR03-36 Recommend to the Board of Directors to ratify Change Order No. 1 to MOTION: Purchase Order No. 29546 issued to Health Science and Associates for completion of a Comprehensive Asbestos Survey, providing for additional sampling to comply with Environmental Protection Agency and Cal-OSHA regulations for an additional amount of $51,993.65, for a total amount not to exceed $113,163.00. It was moved, seconded and duly carried to approve the recommended actions for items specified as 1 O(a) through 0) under Consent Calendar. END OF CONSENT CALENDAR (13) CLOSED SESSION The Committee convened in Closed Session at 5:20 p.m. pursuant to Government Code Section 54957.6 to discuss and consider Agenda Item No. 13(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 Minutes of the Finance, Administration and Human Resources Committee Meeting Page4 May 14, 2003 by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. There were no reportable actions taken by the Committee re Agenda Item No. 13(a)(1 ). RECONVENE IN REGULAR SESSION: At 5:45 p.m., the Committee reconvened in regular session. (11) ACTION ITEMS a. FAHR03-37 Recommend to the Board of Directors to adopt Resolution No. OCSD 03- MOTION: _, Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual, providing for classification structure adjustments as follows: a) Create the CIP Project Manager classification at pay range 88 ($6,578 -$8,22.2) and a Senior CIP Project Manager at pay grade 92 ($7,260 - $9,075) b) Create the Accounting Supervisor classification at pay grade 86 ($6,260 -$7,825) c) Move the Materials Control Supervisor classification from pay grade 81 ($5,534 -$6,917) to pay grade 83 ($5,814 -$7,267). Jan Collins, Senior Human Resources Analyst, gave a brief report outlining the need for adjustments to the classification structure, which creates two new classifications and the adjustment of a pay grade for the Materials Control Supervisor classification. It was moved, seconded and duly carried to recommend approval to the Board of Directors. b. FAHR03-38 Recommend to the Board of Directors to adopt proposed Ordinance No. OCSD-20, An Ordinance of the Board of Directors of Orange County Sanitation District, Adopting Sewer Service Charges; Adopting Capital Facilities Connection Charges; Establishing Miscellaneous Charges and Fees Relating to Industrial Dischargers, Source Control Permittees and Wastehaulers; and Repealing Ordinance No. OCSD-18 and Ordinance No. OCSD-19. Blake Anderson provided a brief overview of fee and budget issues for FY 2003-04, which impact the user rates. Major changes influencing the proposed budget are: decision to upgrade treatment to full secondary standards; disinfection of the effluent; approval of the amended Capital Improvement Program; approval of GWR System agreement; and Kern County ban on Class B biosolids. Also of significant note is an increase of $6.38 million for employees' salaries and benefits, the addition of 32 full-time employees, and costs of contracts currently being negotiated with employee bargaining units. Mr. Anderson noted that the District's rates, Minutes of the Finance, Administration and Human Resources Committee Meeting Page 5 May 14, 2003 when compared to the costs of 216 agencies surveyed across the nation, are well below the 1 oth percentile. Facing a 20% increase per year for the next five years, from $87 .50 to $217, the District is still in a very low percentile for sewer user rates when compared nationwide. Randy Fuhrman was then recognized and requested the Directors to borrow less which saves ratepayers in the long term. He stated that it was his hope that each Director had a goal of maintaining reserves at the same level when they began their representation on the District's board. Gary Streed, Director of Finance, reviewed the ordinance process. The first reading will be held at the May 281h Board meeting, and the public hearing, second reading and adoption will take place at the June 25th Board meeting. Rates must be supplied to the County in July in order to include them on the property tax bills for the following year. Notices were mailed to property owners providing the required 45-day advance notice prior to the hearing. Approximately 284 telephone calls, 88 voice mail messages, and 163 e-mail messages have been received to date from the public regarding the rate increase. Mr. Streed then reviewed the types of charges contained in the ordinance, funding requirements, sources of revenues and cash flow summary. Directors entered into discussion and expressed concern over the rate of increase for the capital facilities capacity charges. Discussion took place to consider phasing in these increases, removing these charges from the ordinance and re-examining establishing incentives to move those property owners on septic tanks to sewers. General Counsel Thomas L. Woodruff responded to Directors questions concerning rate increases and compliance with Proposition 218, explaining the different criteria used to establish user fees and connection fees. A substitute motion was made and seconded to reduce the increase in sewer service user fees from 20% to 15% per year for five years, and to defer the consideration of capital connection fees until further information is provided by staff. The motion failed by a vote of three ayes and five nays. A motion was made and seconded to recommend to the Board of Directors to adopt proposed Ordinance No. OCSD-20, An Ordinance of the Board of Directors of Orange County Sanitation District, Adopting Sewer Service Charges; Adopting Capital Facilities Connection Charges; Establishing Miscellaneous Charges and Fees Relating to Industrial Dischargers, Source Control Permittees and Wastehaulers; and Repealing Ordinance No. OCSD-18 and Ordinance No. OCSD-19; and direct staff and General Counsel to provide additional information regarding capital connection fees. The motion failed by a vote of three ayes and five nays. . ' Minutes of the Finance, Administration and Human Resources Committee Meeting Page 6 May 14, 2003 oops MOTION: Directors continued discussion regarding connection charges, the basis from which the charges are established, and the equitableness of fair share for all who connect to the sewer system. It was moved, seconded and duly carried that the FAHR Committee move proposed Ordinance No. 20 forward to the Board of Directors as presently written, with no recommendation of approval by the FAHR Committee, and request that the legal and technical items of information that have been requested by various Directors be provided prior to the first reading of said proposed ordinance at the May 28, 2003 Board meeting. (12) INFORMATIONAL PRESENTATIONS a. FAHR03-39 Temporary Services Cost Comparison Report Due to a photocopying error, it was requested this item be placed on the agenda for consideration at the June 11, 2003 FAHR meeting. b. FAHR03-40 2003/04 Operating and Capital Improvement Program Budget Updates Mike White, Controller, reviewed the budget proposal for fiscal year 2003/04. (14) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY There were none. (15) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. (16) CONSIDERATION OF UPCOMING MEETINGS The next FAHR Committee meeting is scheduled for June 11, 2003 at 5 p.m. (17) ADJOURNMENT The Chair declared the meeting adjourned at 7:46 p.m. Submitted by: Penny M. t15yie FAHR Committee S~ retary G:\wp.dta\admin\BS\FAHR\051403 draft FAHR Minutes.doc STATE OF CALIFORNIA) ) SS. COUNTY OF ORANGE ) Pursuant to California Government Code Section 54954.2, I hereby certify that the Notice and the Agenda for the Finance, Administration, and Human Resources Committee meeting to be held on ~ It/ , 2003, was duly posted for public inspection in the main lobby of the District's offices on ~ e 200_3 IN WITNESS WHEREOF, I have hereunto set my hand this J-./tlt day of -~-----' 2oo3. Penny M. le, Secret Board of Directors Orange County Sanitation District \\RADON\DATA 1 \WP.DTA\ADMIN\BS\FORMS\AGENDA CERTIFICATION-FAHR COMMITTEE.DOC phone: '714) 962-241, tu: (71~) 962-0356 AMh'1im Brea Buena Park Cypress Eount:Sf r, Valley FCJllenan Garden Grove ~Besch JrVine LB Hsbrs LB PS/ms Lo8.AJsmlf.os ;!,~~ort'o8,::,,~Z :2:r ~milt s.-nte Ans Sss/ Besch StaritOn Tl.($tln Vill1' Park YQl"ba Unaa GiMmcv or Orange frvzns Ranch ORANGE COUNTY SANITATION DISTRICT May 8, 2003 NOTJCE OF MEETING FJNANCE, ADMINISTRATION -ANO HUMAN RESOURCES COMMITIEE ORANGE COUNTY SANITATION DISTRICT WEDNESDAY, MAY 14, 2003-·5:00 P.M. DISTRICT'S ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 WWW.OCSD.COM A re~ular meeting of the Finance, Administ'.fation and Human Resources Committee of the Board of Direotors of the Or.ange County Sanitation District, will be held at the abov:e location, date and time. Ta maintain world-class leadership in wastewater and water resource management. FINANCE, ADMINISTRATION AN:D .HUMAN RESOURCES COMMLUEE MEETING DATES FAHR Committee Meeting Date May 14, 2003 June 11, 2003 July 9, 2003 Dark September 10, 2003 October 8, 2003 November 12, 2003 December 10, 2003 Dark February 11, 2004 March 10, 2004 April 14, 2004 Board Meeting Dates May 28, 2003 June 25, 2003 July 23, 2003 August 27, 2003 September 24, 2003 October 22, 2003 *Nove"1ber19,2003 *Dece"1ber 17, 2003 January 28, 2004 February 25, 2004 March 24, 2004 April 28, 2004 •Meetings being held the third Wednesday of the month. ROLL CALL FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE Meeting Date: May 14, 2003 . Time: 5:00 p.m. Adjourn: ___ _ COMMITTEE MEMBERS Brian Brady (Chair) --Roy Moore (Vice Chair) -- Alberta Christy -- Mike Duvall Mark Leyes Joy L. Neuqebauer James W. Silva -- Shirley McCracken (Board Chair) -- Steve Anderson (Board Vice Chair) -- OTHERS Tom Woodruff, General Counsel Steve Filarsky, Special Labor Counsel -- Don Hughes -- STAFF Blake Anderson, General Manager -- David Ludwin, Director of Engineering Bob Ooten, Director of 0 & M Lisa Tomko, Director of Human Resources Gary Streed, Director of Finance!Treasurer -- Patrick Miles, Director of Information Technology -- Robert Ghirelli, Director of Technical Services -- Carol Beekman, Communications Services Mgr -- Mike White, Controller -- Greg Mathews, Administrative Services Manager -- Jeff Reed, Human Resources Manager Jan Collins -- Penny Kyle, Committee Secretary c: Lenora Crane AGENDA REGULAR MEETING OF THE FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE ORANGE COUNTY SANITATION DISTRICT WEDNESDAY, MAY 14, 2003, 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. All current agendas and meeting minutes are also available via Orange County Sanitation District's Internet site located at www.ocsd.com. Upon entering the District's web site, please navigate to the Board of Directors section. (1) ROLL CALL (2) APPOINTMENT OF CHAIR PRO TEM. IF NECESSAR¥ (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 three 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). Book Page 1 May 14, 2003 (4) REPORT OF COMMITTEE CHAIR (5) REPORT OF GENERAL MANAGER (6) REPORT OF DIRECTOR OF FINANCE (7) REPORT OF DIRECTOR OF HUMAN RE.SOURCES (8) REPORT OF COMMUNICATIONS SERVICES MANAG.ER (9) REPORT OF GENERAL COUNSEL (10) CONSENT CALENDAR ITEMS Ool7lsideration of motion to approve all agenda items appearing on the Consent Calendar not specifically removed from same, as follows: p~:irrl1aiie·r;;·pi.acecf'oii .. t"h'Ei-consei1i .. caienciar·a·.:e·-c<>i1siciereci'a5 .. ii.e>t.ieqlilrii19·~a1s·cu~s·;ar;-c;i= furttier .. exillanaii0ii·a·iici·············1 j unless any particular item is requested to be removed from the consent calendar by a Director or staff member, j lthere will be no separate discussion of these items. All items on the consent calendar will be enacted by one ! laction approving all motions, and casting a unanimous ballot for resolutions included on the consent calendar. All J i items removed from the consent calendar shall be considered in the regular order of business. l : : lrhe Chair will determine if any items are to be deleted from the consent calendar. 1 ! ~ Lo .. ooooo.o•••--ooo:O-HOOOO••Ooo-oOOO•O•H,•HooooOoo-OOo.o .. OHHOo•HoOoooooooOO<OO._,. .... _. .. ,,,,.O.ooo.ooOo-O•O-•o• ... o ... oooooooooO_.OoooooooOOo .... oo•.._~OJ•OOooo,. ..... ,,,,,,,,,,,,n oo .......... _,.00•1oooooO..-o'"o:ooo:H•ioooooo.o_.O,OO.O.OO,_..O.OH•-•OOoooo-..oO.OU•MOOOOO .... OOOOOOOOOO/ a. Approve minutes of the April 9, 2003 Finance, Administration and Human Resources Committee meeting. b. FAHR03-28 Recommend to the Board of Directors to receive and file Treasurer's Report for the month of April 2003. The Treasurer's Report will be qistributed at ,the FAHH 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. c. FAHR03-29 Receive and file Certificate of Participation (COP) Monthly Report. d. FAHR03-30 Receive and file Employment Status Report as of April 30, 2003. e. FAHR03-31 Receive and file OSHA Incidence Rates and Workers' Compensation Claims and Costs Report. 2 Book Page 2 May 14, 2003 f. FAHR03-32 Recommend to the Board of Directors to receive and file the 2002-03 Third Quarter Financial Report for the period ending March 31, 2003. g. FAHR03-33 Recommend to the Board of Directors to receive and file Quarterly Investment Management Program Report for the period January 1, 2003 through March 31, 2003. h. FAHR03-34 Recommend to the Board of Directors to adopt Resolution No. OCSD 03- _, approving Orange County Sanitation District Amended Deferred Compensation Plan (2003) for Officers and Employees of the District. i. FAHR03-35 Recommend to the Board of Directors to approve an increase of $1.00 per hour to the Intern pay range grade O ($10.00 -$17.00), in support of the new Student Intern Program, to be effective May 28, 2003. j. FAHR03-36 Recommend to the Board of Directors to ratify Change Order No. 1 to Purchase Order No. 29546 issued to Health Science and Associates for completion of a Comprehensive Asbestos Survey, providing for additional sampling to comply with Environmental Protection Agency and Cal-OSHA regulations for an additional amount of $51,993.65, for a total amount not to exceed $113, 163.00. END OF CONSENT CALENDAR Consideration of items deleted from Consent Calendar, if any. (11) ACTION ITEMS a. FAHR03-37 Recommend to the Board of Directors to adopt Resolution No. OCSD 03- _, Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual, providing for classification structure adjustments as follows: a) Create the CIP Project Manager classification at pay range 88 ($6,578 -$8,222) and a Senior CIP Project Manager at pay grade 92 ($7,260 - $9,075) b) Create the Accounting Supervisor classification at pay grade 86 ($6,260 -$7,825) c) Move the Materials Control Supervisor classification from pay grade 81 ($5,534 -$6,917) to pay grade 83 ($5,814 -$7,267). (Jan Collins -5 minutes) 3 BookPage3 May 14, 2003 b. FAHR03-38 RE!.cornmend to tt.ie Board 0f Directors to ad0pt proposed Ordinaneer Ne. OCSD-20, An Ordinance of the jjoard of Directors of Or-ange County Sanitation District, Adopting Sew~r Service Char@es; Adop.ting Capital f=acilities Connection Chai:ges; l=.s.tablishing Miscellaneous Charges and Fees Relating to Industrial Disehargers, Source Control Permittees and Wastehaulers; and Repealing Ordinance No. OCSD-18 and Ordinance No. OCSD-19. (Gary Streed -15 minutes) (12) INFORMATIONAL PRESENTATIONS a. FAHR03-39 Temporary SeNices Cost Comparison Report (Jan Collins -1 O minutes) b. FAHR03-40 2003/04 Operating and Capital Improvement Program Budget Updates (Verbal report only by Blake Anderson/Mike White -20 minutes) (13) CLOSED SESSION r·cii.riri9···'t11e ... co .. lirse·-0r·c;·c;·r;·ciuciiri9'"itie:··b-usi~ess··'~e;t···fo-rti1····oii .... ttiis···a99i1cia-as ... a:···re9li.iar ... meeiiri9 .... 0T1i1e·-··-·r ! Committee, the Chair may convene the Committee in closed session to consider matters of pending real l ! estate negotiations, pending or potential litigation, or personnel matters, pursuant to Government Code j i Sections 54956.8, 54956.9, 54957 or 54957.6, as noted. l I Reports relating to (a) purchase and sat~ 0f rea.1 property; {b) matte"rs of pending or potential litigati0n; (9-) t 1 empl0y:e.e actions or n~gotiatlons with employee rei;>r9c5entatives; or which are exempt from public discklsure l under the Calif0mia Public Rec.ords Act, may be· reviewed by the Committ(j)e quring a permitted closed ! session arid an~ not available for public in~pecti0n. At such ti.me as final actions are taken by the Committee j on any of these subjects, the minutes will reflect all required disclosures of information. !.._,····••••••••H••"•·•·ouu .... -.--. .. u ... .""'•,••••·-•H~••--•••• ,.,._,, ... , •. , ••• ~•••-••.,••••••oao4••·•.,•-••'""'"'',._"""a.oo,...,';,.,,. . .,, • .-••-•-u •o ... , .... ,.,,_,., ••• ,,,,,,., .••• ,,,.,, • .,.,~..,....,,.,,_., .. ,,.,,,,,.,,., .......... ,,.,,.,., ......... u.oh•••-'"!.•~••+H•,.•••j A. Convene in closed session. 1. Confer with Lisa Tomko, Human Resources Director and Steve Filarsky, Special Labor Counsel, re Meet and Confer Update (Government Code Section 54957.6). B. Reconvene in regular session. C. Consideration of action, if any, on matters considered in closed session. (14) OTHER BUSINESS. COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY (15) MATTERS WHICH A DIRECTOR MAY WISH TO PLACE ON A FUTURE AGENDA FOR. ACTION AND STAFF REPORT 4 Book Page 4 May 14, 2003 (16) FUTURE MEETING DATES The next Finance, Administration and Human Resources Committee Meeting is scheduled for June 11, 2003, at 5 p.m. (17) ADJOURNMENT !''''H••••·OOOO·UOO-OOooOOUOO• .... •oooo•o OOO•noooo*"'O"''"""'-·•••~••OO.O-o·O,.o•••-.•o._.,.., . ._.,.,,.,,.,._,,,,,,,,,,,,, •••• •••••••••·•'•·-• .... -_._,,,,.~~-•ooooo.oo.oooo--...oo,.oooo ... ho•••-•••••••••-•••000•0••••••••••••••••-Hoo·o•O••·o•oooo .. .-............. 000-.0000000 ooo ... o;oo.oo.00.000000."oo-o••••o.oo ... : 1Notice to Committee Members: l ' ' i .f 1 For any questions on the agenda or to place any items on the agenda, Committee members should contact the j !Committee Chair or Secretary ten days in advance of the Committee meeting. ~ ; ~ jcommittee Chair: Brian Brady (949) 453-5300 l ]Committee Secretary: Penny Kyle (714) 593-7130 pkyle@ocsd.com ! jGeneral Manager Blake Anderson (714) 593-7110 banderson@ocsd.com ! !Director of Finance Gary Streed (714) 593-7550 gstreed@ocsd.com i lDirectorof Human Resources Lisa Tomko (714) 593-7145 ltomko@ocsd.com ~ !Administrative Services Manager Greg Mathews (714) 593-7104 gmathews@ocsd.com i [Communication Services Manager Carol Beekman (714) 593-7120 cbeekman@ocsd.com j : t ~,,,, .. ,,,,,,,,,,,,,,.,,,,, .. o...,••...,.o,,.,,,,,,,,,,,,._,,,, .. ,,,,,.,,,.,,,,,,,,.,,_, ... -,,.,_,,_,,.,,,,,,.,,,,,~,,,,,,,,, .... ,,,,,,,_,,,,";,,""''''".''"·•••h•••,.••-•••·••••u•u~•• ...... ..._.,_...._.._. .• , •• , .• , •• H•••n••H•••••••••r•••••••••••••••·••·•"""-""" ............. j._, ... ,...,.-.•• ..-.............. E In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Board Secretary's office at (714) 593-7130 at least 48 hours prior to the meeting to allow the District to make reasonable arrangements to ensure accessibility to this meeting. G:\wp.dta\agenda\FAHR\FAHR2003\0503\051403 draft FAHR Agenda.doc 5 Book Page 5 May?, 2003 FAHR COMMITT.~E AGE_NDA CALENDAR Month Item ,, Action , .. June Meet & Confer Status Information June HR Policies & Procedures Update Action June Safety Policies Action June Consider 2003/04 Budget Action June General Manager Approved Purchases Action June Consider Authorizing Reimbursement COPs for CIP Action June Consider Bids for new COPs Action July Meet & Confer Status Information July Review Insurance Renewals Information July Consider Revised Investment Policy Action July Revised Delegation of Authority Resolution Action July Safety Policies Action August Meet & Confer Status Information August Consider Internal Auditing Firm Action Book Page 6 MINUTES OF FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE MEETING Orange County Sanitation District Wednesday, April 9, 2003, 5:00 p.m. A meeting of the Finance, Administration and Human Resources Committee of the Orange County Sanitation District was held on April 9, 2003, 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: Brian Brady, Chair Roy Moore, Vice Chair Alberta Christy Mike Duvall Mark Leyes Joy Neugebauer James W. Silva Shirley McCracken, Board Chair Steve Anderson, Vice Board Chair Directors Absent: (2) APPOINTMENT OF CHAIR PRO TEM No appointment was necessary. (3) PUBLIC COMMENTS STAFF PRESENT: Blake P. Anderson, General Manager Gary Streed, Director of Finance!Treasurer Lisa Tomko, Director of Human Resources Carol Beekman, Communications Services Manager David Ludwin, Director of Engineering Bob Ooten, Director of Operations & Maintenance Mike White, Controller Jeff Reed, Human Resources Manager Penny Kyle, Committee Secretary Sonya Wassgren OTHERS PRESENT: Thomas L. Woodruff, General Counsel Steve Filarsky, Special Labor Counsel Don Hughes Toby Weissert Randy Fuhrman Ryal Wheeler Mark Conway Mark Mutz Bob Geggie Mark Mutz spoke to the Directors regarding the District's existing retirement program and its inferiority as compared to other agencies within Orange County. He encouraged the Directors to consider enhancing the retirement program. Randy Fuhrman requested he be allowed to speak prior to the consideration of Item 11 (a). Book Page 7 Minutes of the Finance, Administration and Human Resources Committee Meeting Page2 April 9, 2003 (4) REPORT OF THE COMMITTEE CHAIR Chair Brady reminded Directors that a Board Workshop was scheduled for April 16 at 6:00 p.m. to discuss the CIP Validation and the Full Secondary Treatment Implementation Schedule. He stated items would be taken out of o·rder following the consent calendar as follows: Item 12(a), Items 13(a) (1 ) and (2), Item 11 (a) and Item 11 (b). (5) REPORT OF THE GENERAL MANAGER The General Manager had no report. (6) REPORT OF DIRECTOR OF FINANCE/TREASURER Gary Streed, Director of Finance!Treasurer, referred the Directors to the Treasurer's Report distributed to the Directors that evening. (7) REPORT OF DIRECTOR OF HUMAN RESOURCES The Director of Human Resources had no report. (8) REPORT OF COMMUNICATIONS SERVICES MANAGER Carol Beekman, Communications Services Manager, reported that a letter would be sent out this month to those communities and businesses in Huntington Beach that would be impacted by the construction of the Warner Avenue Sewer Relief project. A neighborhood meeting is scheduled to be held on April 29 to address the concerns of the citizens in the area. In response to questions from the prior month's meeting by Director Neugebauer on the Groundwater Replenishment System (GWRS) television ad, the committee viewed the commercial. Donna Carter of Johnson/Ukropina, the agency that created the television commercial, reviewed the history of how the ad was created and the screening process used by OCW D and OCSD before the ad was finalized and released. Directors requested the review and input process for additional ads include review by additional Sanitation District Directors to ensure the appropriate message is conveyed. (9) REPORT OF GENERAL COUNSEL Thomas L. Woodruff, General Counsel, provided the Directors with a brief update on the SAWPA issues. A Joint Management Committee meeting is scheduled for April 15. A letter was sent to SAW PA by Chair McCracken requesting SAW PA provide a proposal for resolution to the cost allocation issues by April 8. Chair McCracken received a response from SAWPA via a fax sent to Anaheim City Hall at 4:00 p.m .• on April 7. The proposal will be reviewed and a report will be provided to the Board of Directors at the April 23, 2003 meeting. He briefly discussed the attempts to get this issue placed on the JMC agenda for the April 15 meeting. SAWPA agreed to mail a supplemental agenda the following day. Book Page 8 Minutes of the Finance, Administration and Human Resources Committee Meeting Page 3 April 9, 2003 (10) CONSENT CALENDAR ITEMS a. The Chair ordered that the March 12, 2003 minutes for the Finance, Administration and Human Resources Committee meeting be deemed approved, as mailed. b. FAHR03-20 Recommend to the Board of Directors to receive and file Treasurer's Report for the month of March 2003. c. FAHR03-21 Receive and file Certificate of Participation (COP) Monthly Report. d. FAHR03-22 Receive and file Employment Status Report as of March 27, 2003. e. FAHR03-23 Receive and file OSHA Incidence Rates and Workers' Compensation Claims and Costs Report. f. FAHR03-24 Recommend to the Board of Directors to approve SAFETY-POL-102- MOTION: Personal Protective Equipment Policy, as provided for in Resolution No. OCSD 02-5, regarding the District's Injury and Illness Prevention Program Policy. It was moved, seconded and duly carried to approve the recommended actions for items specified as 1 O(a) through (f) under Consent Calendar. END OF CONSENT CALENDAR (12) INFORMATIONAL PRESENTATIONS a. FAHR03-27 Forecast of Health Insurance Premiums for FY2003/2004 Lisa Tomko introduced Mark Conway, District's insurance broker, who reviewed projected cost increases of approximately 20% for medical benefits, and escalated prescription costs. District benefit plans have not changed in the past five years, and he suggested that alternatives to existing benefits could assist in reducing premium costs. (13) CLOSED SESSION The Committee convened in Closed Session at 5:32 p.m. pursuant to Government Code Section 54957.6 and 54956.8 to discuss and consider Agenda Item Nos. 13(a)(1) and (2). 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. There were no reportable actions taken by the Committee re Agenda Item Nos. 13(a)(1) or (2). RECONVENE IN REGULAR SESSION: At 6:30 p.m., the Committee reconvened in regular session. Book Page 9 Minutes of the Finance, Administration and Human Resources Committee Meeting Page 4 April 9, 2003 (11) ACTION ITEMS a. FAHR03-25 Consider Sewer Service User Fee alternatives for FY 03/04, 04/05, 05/06, MOTION: 06107, and 07/08 to recommend to the Board of Directors for approval. Randy Fuhrman encouraged the Directors to consider increasing existing sewer service user fees from $87.50 per year to $180 per year. The long- term savings in interest costs would be billions of dollars. Gary Streed, Director of Finance/Treasurer, reviewed the various alternatives of increasing user fees, and the impacts of those alternatives to the debt policy issues and reserves over a 20-year period. Directors entered into discussion regarding rate increases by all levels of government due to the state budget crisis, and the impact of these increases to residents and businesses. Also discussed was the decision to approve full secondary treatment in July 2002, and the costs that must be paid as a result of that decision. A motion was made and seconded to increase the rates by 20% and borrow $1.24 billion during the construction period. Following further discussion, a substitute motion was made to increase sewer service user fees by 10%, borrow $2.31 billion, and revisit user fees in one year. The motion failed by lack of a second. A substitute motion was made and seconded to increase sewer service user fees by 15%, and borrow $1.59 billion, and revisit user fees in one year. It was moved, seconded and duly carried to recommend approval to the Board of Directors to increase sewer service user fees by 15%, and borrow $1.59 billion, and revisit user fees in one year by a vote of 5 ayes and 4 nays. b. FAHR03-26 Recommend to the Board of Directors to: (1) Direct staff to issue up to $280 million in new fixed-rate Certificates of Participation (COP) debt; (2) Approve Amendment No. 1 to the Consultant Services Agreement with Public Resources Advisory Group, for a two-year period for FY03/04, providing for financial advisory services, for an amount not to exceed $75,000; and, (3) Authorize the General Manager to negotiate and enter into a sole source Consultant Services Agreement with Orrick, Herrington & Sutcliffe to provide bond counsel services in an amount as yet to be determined. Book Page 10 Minutes of the Finance, Administration and Human Resources Committee Meeting Page 5 April 9, 2003 MOTION: Mike White, Controller, reviewed the COP program, and advised the agreement with Orrick, Herrington & Sutcliffe was being recommended in an amount not to exceed $125,000. It was moved, seconded and duly carried to recommend approval to the Board of Directors. (14} OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS. IF ANY There were none. (15} MATTERS WHICH A DIRECTORMAY WISH TO PLACE ON A FUTURE AGENDA FOR ACTION AND STAFF REPORT There were none. (16) CONSIDERATION OF UPCOMING MEETINGS The next FAHR Committee meeting is scheduled for May 14, 2003 at 5 p.m. (17} ADJOURNMENT The Chair declared the meeting adjourned at 7:37 p.m. Submitted by: Penny M. Kyle FAHR Committee Secreta G:\wp.dta\agenda\FAHRIFAHR2003\0403\040903 FAHR Minutes.doc Book Page 11 FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Gary G. Streed, Director of Finance Originator: Michael D. White, Controller Meeting Date To Bel. of Dir. 5/14/03 Item Number Item Number FAHR03-29 SUBJECT: CERTIFICATES OF PARTICIPATION (COP) MONTHLY REPORT -APRIL 2003 GENERAL MANAGER'S RECOMMENDATION Receive and file Certificates of Participation (COP) Monthly Report for the month of April 2003. 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 8, 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. PROJECT/CONTRACT COST SUMMARY N/A G:\wp.dta\agenda\FAHRIFAHR2003\0503\03-29.COP.doc Revised: 8/20/01 Page 1 Book Page 12 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. ~ 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 daily rate COPs since the last report, and the effective fixed rate for the two refunding issues which are covered by an interest rate exchange agreement commonly called "swap." The second bar chart entitled, "Comparative Daily COP Rate History Report," shows the performance of the District's Daily Rate COPs as compared to a composite index rate, which represents the average rate of six similar variable rate daily reset borrowings. The third bar chart entitled, 11COP Rate History, Comparison of Highest & Lowest R~tes," compar~s the perforl")lance (monthly average interest rate) of the District'$ De1.ily Rate COPs with the highest and lowest monthly average rates fr0m among six similar variClble 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 comp_ared 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 ~es and liquidity requirements. The rates tend to decline to prior levels immediately in the followin.g month. Staff maintains continuous rate monitoring and ongoing dialog with the remarketing agents to keep the Committee fully informed about developments in the program as they may occur. ALTERNATIVES N/A CEQA FINDINGS N/A ATTACHMENTS 1. Graph -QCSD COP Daily Rate History Report 2. Graph -Comparative Daily COP Rc:lte History Report 3. Graph -COP Rate History, Comparison of Highest & Lowest Rates 4. Tabular -COP Rate History, Comparis0n of Monthly Averages GGS:MW:lc G:\wp.dta\agenda\FAHR\FAHR2003\0503\03-29.COP.doc Revised: 8/20/01 Book Page 13 Page 2 ::JJ G> ~-~ CD • a. !'lo •• II> ~ '" "' "' 0 .. ~ ~ ~ I ::JJ 'ii )> I ::JJ "' 0 0 ~ 0 "' 0 ~ ~ co 0 0 "U a. 8 H )> "U -Q> G)-· :::J (/)CD ~~ O> CD "O C"' C"' CD """I c.o VJ ""C m <O CD w H (/) "U g~ G)I\) CDO :JO (/)0 ~ Q) "O ~ -I m 8-May-02 22-May-02 5-Jun-02 19-Jun-02 3-Jul-02 17-Jul-02 31-Jul-02 14-Aug-02 28-Aug-02 11-Sep-02 25-Sep-02 9-0ct-02 23-0ct-02 6-Nov-02 2~Nov-02 4-Dec-02 18-Dec-02 1-Jan-03 15-Jan-03 29-Jan-03 12-Feb-03 26-Feb-03 12-Mar-03 26-Mar-03 9-Apr-03 23-Apr-03 RATE(%) 0 (,,) .i::i. en ... _ ·-····--"-"-·-···· .. -· ·~~-........... 0 0 CJ) c 0 0 "'tJ c l> -)> r- '"tJ -< :2 ~ : nt o~ 0-WCJ) -I 0 J:J -< J:J m "'tJ 0 J:J -I ti:) 0 0 :>;' "'ti "' lJCI ('1> ..... Ul COMPARATIVE DAILY COP RATE HISTORY REPORT APRIL 2003 4.00 ,_ _ _.l!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!l!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!l!L---- 3.00 ...-..,, ~ 0 ....._, w 2.00 I- <C --a: -- 1.00 -t--- ~" 0.00 DATE I I G:\wp.dta\agenda\FAHR\FAHR2003\0503\03-29.COP.doc Revised: 8/20/01 ----~- " --- 11 ~,, ~ } ~ I I I oOCSD 1"""'1---------r::----------~ , H "' i ti 0 f'! • ' 11 • " I I I I I I I I D COMFDSfTE INDEX Page4 o:; 0 0 ~ ""C P> (IQ ('!) ...... °' r ..... _2.s .. G:\wp.dta\agenda\FAHRIFAHR2003\0503\03-29.COP.doc Revised: 8/20/01 CC>P Fl.A.TE HISTC>FlV C:C>IVIP.A.FllSC>N C>F HIGHEST & L.C>VVEST FIA.TES Page 5 May-02 Jun-02 Jul-02 Aug-02 Sep-02 Oct-02 Nov-02 Dec-02 Jan-03 Feb-03 Mar-03 Apr-03 AVERAGE ESTIMATED ANNUAL INTEREST PAYMENTS PER $100M PAR AMOUNT $ *FOOTNOTE DAILY COP RATE HISTORY COMPARISON OF MONTHLY AVERAGES MAY 2002 -APR 2003 OCSD $218.6M $46M 11 Series 2000 Series 93 Ref Composite PaineWebber PaineWebber Index* 1.47 1.47 1.45 1.34 1.34 1.36 1.20 1.20 1.19 1.24 1.24 1.23 1.39 1.39 1.40 1.61 1.61 1.60 1.33 1.33 1.32 1.05 1.05 1.04 0.85 0.85 0.85 1.05 1.05 1.04 1.05 1.05 1.05 1.16 1.16 1.15 1.23% I 1.23% 1.22% 1,220,333 I $ 1,220,333 I $ 1,223,333 Composite index consists of the following COP transactions: . IRWD, Series 86-COP, 88, 95, $106.1 M, Solomon Smith Barney . IRWD, Series C-Ref 93-B, 85-B, $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 G:\wp.dta\agenda\FAHR\FAHR2003\0503\03·29.COP.doc Revised: 8/20/01 Page 6 FAHR COMMITTEE Meeting Date To Bd. of Dir. 5/14/03 AGENDA REPORT Item Number Item Number FAHR03-30 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources & Employee Development Originator: Denise Martinez, Human Resources Analyst SUBJECT: EMPLOYMENT STATUS REPORT AS OF APRIL 30, 2003. GENERAL MANAGER'S RECOMMENDATION Receive and file the Employment Status Report. SUMMARY Total FTE headcount at the District as of April 30, 2003 was 539.75. PROJECT/CONTRACT COST SUMMARY Not applicable. BUDGET IMPACT D D ~· This item has been budgeted. (Line item: ) This item has been budgeted, but there are insufficient funds. This item has not been budgeted. Not applicable (information item) ADDITIONAL INFORMATION The District had a full-time equivalent (FTE) headcount of 539. 75 as of April 30, 2003. The actual number of employees was 549. There was one promotion during the month of April. • Mark Narciso, Information Technology Technician I to Information Technology Analyst I (Customer & Network Support) There were four new employees hired during the month of April. • Electrical Technician II (Electrical/Instrumentation Maintenance) • Human Resources Assistant (Human Resources) • Intern (Accounting) • Intern (Air Quality & Special Projects) G:\wp.dtalagenda\FAHR\FAHR2003\0503\03-30.Employment Status.doc Revised: 8/20198 Book Page 18 Page 1 ALTERNATIVES CEQA FINDINGS ATIACHMENTS i. Apri'I 30 , ::wo3 ~rnp'l.©.y,m1Jent Sta1!!ws :~e,pR:>J1. 2 . Performance compared to 02-03 Budget FTE's. _J~· .. ..,r ~tll1.•\.:.;.._r1"irli ·;;., I =-t:F.-\H~2003\0500\Q~'· ·I t 1~l1J~111 '"'r-::-Jn\!t->."11,._ l{:.:··~5i: 8/20198 BookPage I~ 2t?'U100l 11o~o....i ~«it Actnh tt'V:·~S..W.. 1'&0~ ... ~~ !!:10-P·•--i.W~ ~1d-HR~ ... rJ~&lloi\ 6..'l':l·~ktJ .. Dt.oill."fll!'llll'li ~·~l.JiMlrl ~!l·Hllfnlml~- OIO·T~l&l~-Mlnll\ rii':b-~Cutt,plltJiW\C. "30-EITW~~ (.it0-~¢of;livl no-E~~ l"'··-M-PnlfKt~tona ftta.IE......_M&~ llO•O lMMnfllt;u~ c'Q.~r-.1.,.Ma tC10. r.m11 "'~""~· GO&MP~~ C0·~10pt1'91:1ors -.io.,rLll!l:2~ W.-Mect.nlcal'*- Mb-.Eledrbl& I~ Ma ••••n.,J>...4-&if!CllJ•'11.'iN.ta •10-\rM~ --~·''"'~!'!~ &itl-ll'f'9*'1n1l"'fl.&.l'.l.._.»p- USO·~O!tiUtilllltu~ I 2.00 7.00 0.00 ,...., 17.00 '"'' ..... """' ..... ,.,..., 3.00 12.00 11 00 ""' t7,Cl'.l 2.00 ZJ.00 27.00 10.00 35.00 <700 ss.oo suo .... -.... 10.00 to..bo .... o.so .... .... 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JH>D .i... 0.00 17.0(• 0.00 1U(I 6.oo ~Q IUIO 2..0(1 0.00 .S.00 0.00 7.30 Q.00 f.-'Q .o.w 2.0(} 0.00 22.0f] 0.00 3'.0C 0.00 XOCI 0.00 3.0t 0.00 14.0C 0.00 15.75-0.00 44.0f,i .2.00 2.0(l 0.00 24.QQ 0.00 30.00 0.00 10.00 0.00 37.50 Q.00 44.60 0.00 5.5.SO 0.00 sud o.oo 1-.0JIO 0,0I) :it.Lot 0.00 2..00 o.oo 15.0C 0.00 12..0C 0.00 11 Of) ll.00 o.oo 0.0C .... 0.00 0.00 OOil C.00 1)1!0 0-Qll 0.00 o..ca ~ 0.00 O.IJl'J UllC 000 000 Cb1l G,00 0.00 ... 000 0.00 , .. ~i •oo - 000 0.0:S .~ -O<t 0.00 -~ o.oo ~ .. ~ 0.00 O.Qt ~ .... o.oo 000 o.oo o,oq . ..,. ....... 0.0< dlJ QllQ OQll gqo ...:-JI .... 0.00 000 ... ...., o.oo obl 000 060 0.00 0.00 o.oo Cl.00 OOCl 0.00 0.00 '!;Oil o.oo OOG ~ Ut(I 0.0C' (lJaq 000 (100 {UICI 0.00 0.00 (\.O!; 0.00 O.OCI O«i Q,OD 000 GOO ........ - o.oo ~ .. . ., ODO T.40Aoalloc- 0«' RMlloc Mw 9 StO MO_..,,.,sto om RMIDcWor»Sto Ot< U'Q Amil &r..oeMOC7f.tl) 0,.., OUll""'°~-"!lllol UI . ... o,Otl ,,.:.c.:i J,tiia1di.I TtOl,..n:!! .Z.OOIJ.Hll!Ji&fr'lftl750 , .. OJ/J .... ,.., D.l>l o.oo 0,00 o.oi ..... .... '-"" Ooo . .. . .,..,,, 1.00 SrHRAnlfyst ~.31:' TrahhgSpwr -030 .CAO HR AuAl. PIT Olice Aa.i.t -1 00 Sr. Env. &peo. -100 - M•lnt.Wodulr L-' 6 Mech, Ld. F-=.. Wrla Engl-.r ..... PPO Ei.ct TKhll &r.IT~ .. O.tllll~1 'BKNM•t•n11~1 tall !l?!til•«t" !lt'KJl'rlvtDr C1111"'1ltbm1~111.-1 ~inn. * • Wan "Qfl!G Qutmnthf .._, bol~~o.n.nt ~/NwntNor. * * • T«T1porwy~lrwnout.ld9~tlOlhdudld. * • • * AG::&tianalD*llan~~llhcMrl~cin11edJonicwnioriofr9pClll 0 - ... ..... 1.00 ,,,. .... oqlj ·~ 1.7~ 1'111 ,)0 UXI tllOC .... 1..00 ,.,,,. 2,D( '1"11 ;r.bl; 1.00 ...... 3.0'I """ 1.00 j,... <il':' IT~ 1.00 """"" 1.00 '"° ..... LOI! 1.0C" 1~ 10.\l<> , ... LCKI .J1.o!I Page3 Book Page 20 Performance to Staffing Plan .. ·-·-·-·-·-·-·-·---·-·-·-·-·-·-·-·-·-·•. '" ··-·-·-·-·-·-·-·-·-·---·---··-· --+-FTE Headcount -·• · -Slaffing Plan J ASONDJ FMAMJ J ASONDJ FMAMJ J G:lwp.dtalagenda\FAHR\FAHR2003\0503\03-30.Employment Status.doc Revised: 8/20/98 Book Page 21 Page4 FAHR COMMITTEE Meeting Date To Bel. of Dir. 05/14/03 AGENDA REPORT Item Number Item Number FAHR03-31 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources Originator: Karen Turnbaugh, Human Resources Assistant SUBJECT: OSHA Incidence Rates and Workers' Compensation Claims and Costs Report GENERAL MANAGER'S RECOMMENDATION Receive and file the OSHA Incidence Rates and Workers' Compensation Claims and Costs Report. SUMMARY Safety and Health Division staff track OSHA Incidence Rates for DART * Cases. (DART Incidence Rate) and Total Accidents (Total Injury Frequency Rate). There were two DART Cases District-wide for the period of January-March 2003. The industry average is 6.4 for the DART Case Incidence Rate while the District Incident Rate is 1.53 for the period of January-March 2003. There have been three OSHA Recordable Accidents District-wide for the period of January-March 2003. The industry average is 9.9 for the Total Injury Frequency Rate while the District Incident Rate is 2.29 for the period of January-March 2003. * DART is an acronym that stands for Days Away, Restricted, or Transfer and replaces the phrase Lost Workday. The Division also tracks the District's Workers' Compensation Claims and Costs. The District's claim count for Fiscal Year 2002-2003 is 12. Two of these claims are still open. The costs associated with these claims for year-to-date is $20,803, which includes medical bills, temporary disability payments, legal costs and a claim reserve account. 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. C8J Not applicable (information item) BookPage22 ADDITIONAL INFORMATION The District had two DART cases and one other injury that required medical treatment for the period of January-March 2003. The reporting period is for 45 days prior to committee meeting. ALTERNATIVES Not applicable. CEQA FINDINGS Not applicable. ATTACHMENTS OSHA Incidence Rates Reports for DART Cases and Total Injuries. Worker's Compensation Claims and Costs. G:\wp.dta\agenda\FAHR\FAHR2003\0503\03-31.0SHA.WC.O.doc Revised: 8120/01 Book Page 23 Page2 Workers Compensation Claims and Costs The Workers Compensation Claims and Cost are reported by fiscal year. The DART and Total Injury graphs shown above are calendar year rates as required for OSHA recordkeeping. All claims and medical invoices are reviewed by a third party to ensure that proper medical treatment is provided for injured employees and the costs for the treatment are within established guidelines. The medical bills reviewed July 2002 -March 2003 totaled $215,506.28. Medical treatment costs are charged to the fiscal year in which the injury occurred. All open claims have the potential to incur additional cost. After the medical review process, the amount was reduced to $116, 110.25, which resulted in savings of $99,396.03 for the current fiscal year. Workers Compensation Claims and Costs Fiscal Period Claim Count Open Claims Total Incurred 7/1/85 -6/30/86 38 0 $270,712 7/1/86 -6/30/87 53 0 $99,933 7/1/87 -6/30/88 51 0 $173,583 7/1/88-6/30/89 41 0 $153,481 7 /1 /89 -6/30/90 61 0 $287,232 7/1/90-6/30/91 76 0 $121,978 7/1/91 -6/30/92 58 1 $205,094 7/1/92 -6/30/93 58 0 $93,198 7 /1 /93 -6/30/94 47 0 $217,922 7/1/94 -6/30/95 46 0 $276,359 7/1/95 -6/30/96 46 1 $191,323 7/1/96-6/30/97 36 1 $377,924 7/1/97 -6/30/98 45 1 $818,839 7/1/98-6/30/99 38 3 $353,909 7/1/99 -6/30/00 43 4 $350,493 7/1/00-6/30/01 32 5 $315,769 7/1/01 -6/30/02 30 9 $214939 7/1/02-6/30/03 12 2 YTD $20,803 "Total Incurred" includes medical bills, temporary disability payments to employees, legal costs, and a claim reserve account. Book Page 24 Total Injuries District-Wide There have been three OSHA Recordable Accidents for 2003 (January-March) Total OSHA Recordable Accidents 0 J!? 60 ID H ~~ -,-Ll=n=ri---- 1999 2000 2001 2002 2003 Calendar Year OSHA Incidence Rates District-Wide The Total Injury Frequency Rate is a combination of the DART Cases and the cases that require Other Medical Treatment. The industry average for Total Injury Frequency rate is 9.9 and the district rate is 2.29 for 2003 (January -March). First Aid cases are not included in the calculation of this rate. 10.00 * 8.00 a: Q) 6.00 u c: 4.00 Q) " ·13 2.00 £ 0.00 OSHA Incidence Rate Total Injuries 1999 2000 2001 Calendar Year 2002 2003 Book Page 25 Safety Division DART Cases District-Wide There have been two DART Cases in 2003 (January-March) (DART-Days Away, Restricted or Transfer; replaces Lost Work Day.) DART Cases 8'l 25 Ill 8 20 -1--..------· 0 15 lii 10 .0 E 5 ::i z 0 -1--1----'-~--L.-L__,--JL--l....-~-'----'-~--L-L--, 1999 2000 2001 2002 2003 Galendar Year OSHA Incidence Rates District-Wide The industry average is 6.4 and the DART Incidence Rate for the district is 1.53 for 2003 (January -March). The OSHA rate is calculated by multiplying the number of injuries by 200,000 and dividing the sum by total hours worked. The rate is also based on the data for the calendar year so the rate will change as the number of hours worked increases. Q) 5.00 Iii 4.00 er: Q) 3.00 0 c: 2.00 Q) "'C 1.00 ·c:; ..!: 0.00 1999 OSHA Incidence Rates DART Cases 2000 2001 2002 2003 Galendar Year BookPage26 FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Michael D. White, Controller SUBJECT: THIRD QUARTER FINANCIAL REPORT FOR THE PERIOD ENDED MARCH 31, 2003 GENERAL MANAGER'S RECOMMENDATION Meeting Date To Bel. of Dir. 05/14/03 05/28/03 Item Number Item Number FAHR03-32 Receive and file FY 2002-03 Third Quarter Financial Report for the period ended March 31, 2003. SUMMARY Attached in a separately bound document is the District's Third Quarter Financial Report for the period ended March 31 , 2003. This report is a consolidation of the financial accomplishments of the District through the end of the third quarter of FY 2002-03. Contained within the Third Quarter Financial Report are budget summary reviews of the Joint Operating Fund, the Capital Improvement Program, the Revenue Areas, and the Self-Insurance Funds. As indicated within the Overview Section of this report, 70.81 percent, or $46.33 million of the 2002-03 net joint operating budget of $65.42 million has been expended. Net expense has increased $9.38 million, or 25.37 percent in comparison with the same period last year primarily due to the increased level of wastewater treatment with full disinfection. The total cost per million gallons at March 31, 2003 is $709.63 based on flows of 65.28 billion gallons, or 238.26 million gallons per day. This is $7.32, or 1.02 percent below the budgeted cost per million gallons of $716.95. This shortfall is primarily due to expenditures being lower than budget by 5.58 percent, or $2.74 million. This expenditure shortfall is somewhat offset by the fact that flows are 4. 70 percent lower than the budget estimate of 250 million gallons per day. PROJECT/CONTRACT COST SUMMARY N/A G:lwp.dtalagenda\FAHR\FAHR2003\0503\03·32.3rd Quarter Financial Report.doc Revised: 8/20/98 Book Page 27 Page 1 BUDGET IMPACT D This item has been budgeted. D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. [gl Not applicable (information item) ADDITIONAL INFORMATION None. ALTERNATIVES N/A CEQA FINDINGS N/A ATTACHMENTS 1. FY 2002-03 Third Quarter Financial Report for the period Ended March 31, 2003. G:\wp.dta\agenda\FAHR\FAHR2003\0503\03·32.3rd Quarter Financial Report.doc Revised: 8120/98 BookPage28 Page2 FAHR COMMilTEE AGENDA REPORT Orange County Sanitation District FROM~ Gary G. Streed, Director of Finance Originator: Michael D. White, Controller Meeting Date To Bel. of Dir. 05/14/03 05/28/03 Item Number Item Number FAHR03-33 SUBJECT: QUARTERLY INVESTMENT MANAGEMENT PROGRAM REPORT FOR THE PERIOD JANUARY 1, 2003 THROUGH MARCH 31, 2003 GENERAL MANAGER'S RECOMMENDATION Receive and file the Quarterly Investment Management Program Report for the period January 1, 2003 through March 31, 2003. 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 NIA 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. 1:8:1 Not applicable (information item) G:\wp.dta\agenda\FAHR\FAHR2003\0503\03-33.0.lnvestment Management Report.doc Revised: 8120/98 Book Page 29 Page 1 ADDITIONAL INFORMATION Performance Reports The Quarterly Strategy Review, prepared by PIMCO, and the Investment Measurement Service Quarterly Revi·ew,. prepar~d by Callan Associates, are attached for reference. Also attached are Long-Term and Liquid Operating Monies Summary of Performance Data and Portfolio Statistics charts that depict the performance results, estimated yield and duration, credit quality, and sector diversification of the District's portfolios, as of December 31, 2002 and March 31, 2003. 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 January 1 through March 31, 2003. Portfoljo PeHonnance Summ~ry Quarter Ended March 31, 2003 Liquia Operating fV'lonies (%). Long-Term Operating Monies (%) Total Rate Total Rate' ot of Return Benchmar1<'1l Return Benchmar1<<1l 3 Months 0.~5 0.30 1.17 1.:13 6 Months 0.87 0.69 2.25 2.50 9 Menths 1.34 1.12 5.80 6.02 12'Moriths 2:01 1.56 8.88 9:25 Since.inception ~O Sept. 95 5.01 4.49 6.91' 6i86 Mark!')t Value $49.6M $3?5.0M Average Quality 'AAA'' "AAA" Cum:mt Yield (o/<i) 3.9 4.1 Estlm·ated Yield to. Maturity (%) 1.3 2,6 Gluarte_rty D.eposits (Withdrawals) $(15.0M) $Q.OM Estimated Annual Income $1 .9M $l2.7M (1) Benchmarks: • Liquid Operating Portfolio: 3-Month Treasury Bill Index • Long-Term Operating Portfolio: Merrill Lynch Corp/Govt. 1-5 Year Bond Index Portfolio Market Values Comparative marked-to-market quarter-end portfolio values are shown in the following table, and in the attached bar chart. Liquid Quarter Operating Ending Monies($M) 30 June 02 43.9 30 Sept. 02 44.1 31Dec.02 64.3 31Mar.03 49.6 G:lwp.dtalagenda\FAHRIFAHR2003\0503\03-33.0.lnvestment Management Report.doc Revised: 8/20/98 Book Page 30 Long-Term Operating Monies($M) 366.1 317.8 321.2 325.0 Page 2 District's Investment Account Balances as of March 31, 2003 Book Balances Estimated Investment Accounts March 31, 2003 Yield(%) State of Calif. LAIF $ 13,484,844 1.90 Union Bank Checking Account 4,793,778 1.16 PIMCO -Short-term Portfolio 49,016,216 1.51 PIMCO -Long-term Portfolio 321,783,364 2.64 Petty Cash 5 000 N/A TOTAL $389.Q83 2Q2 Debt Service Reserves wfTrustees $31:.:ZQ6 388 4.36 ALTERNATIVES N/A CEQA FINDINGS N/A ATTACHMENTS 1. Historical Yield Curve Graph 2. PIMCO 1st Quarter 2003 Report 3. Quarter End Portfolio Market Value Bar Chart 4. Long-Term and Liquid Operating Monies Portfolio Characteristics Charts (2) 5. Net Asset Sector Summary as of March 31, 2003 -Liquid Operating Portfolio 6. Net Asset Sector Summary as of March 31, 2003-Long Term Portfolio 7. Investment Listing of Liquid Operating and Long Term Portfolios as of March 31, 2003 (Yield Analysis Report). 8. Investment Transactions and Balances in LAIF as of March 31, 2003 9. Callan Report (separate bound document) 10. PIMCO Report (separate bound document) G:\wp.dta\agenda\FAHRIFAHR2003\0503\03-33.0.lnvestment Management Report.doc Revised: B/20/98 Book Page 31 Page 3 5.25 .. 5.00 4.75 4.50 4.25 4.00 3.75 3.50 l 3.25 Q ...J 3.00 w ;:: 2.75 2.50 2.25 2.00 1.75 1.50 1.25 1.00 0.75 I HISTORICAL YIELD CURVE I ···-···...._,..,-----·---··-·-·-·· -....... --. F // // // ,,,.. / ./ ,,,,,,* ~./ ..... - 0 E .., -- 0 E ... // ..// ~~ ~ ~ ~_,,.- ~~ /,/" -~ --30-Sep-02 -.-31-Dec-02 ---31-Mar-03 Book Page 32 --~ PIM C 0 April 28, 2003 Mr. Mike White Controller Orange County Sanitation District 10844 Ellis A venue Administration Building Fountain Valley, CA 92708-7018 Re: 1st Quarter 2003 Report Dear Mike: The following is a description of events in the bond markets during the 1st quarter of 2003 and an analysis of the strategies undertaken in the Orange County Sanitation District's Long-Term and Liquid portfolios over the period. We have also included a section on strategies to be pursued in your portfolios during the coming months. Bond Market Recap: Market Recap: Investors Broaden Their Appetite For Bonds The flight to safe assets such as Treasuries that characterized financial markets for much of last year broadened into a move toward higher yielding fixed income securities in the first quarter. Investors were dissatisfied with money market and Treasury yields near 40-year lows but remained nervous about stocks amid weak economic growth and geopolitical uncertainty. As a result, capital flocked to U.S. corporate and emerging market bonds that offered substantial yield premiums relative to the safest assets and lower volatility than stocks. Strong funds flows helped these fixed income sectors outperform the broader bond and stock markets. The broad U.S. bond market, represented by the Lehman Brothers Aggregate Bond Index, gained 1.39 percent during the quarter, held back by weakness in Treasuries. Treasury yields were volatile as investor sentiment regarding safe assets shifted back and forth depending on news about the war with Iraq. For the full quarter, two-year yields fell 12 basis points but yields on other maturities wound up little changed. The benchmark 10-year Treasury yield closed 2 basis points lower at 3.80 percent. A critical question as the quarter drew to a close was whether the sluggish U.S. economy, long the engine of growth worldwide, would revive once the situation in Iraq became clarified. Federal Reserve Chairman Alan Greenspan took the optimistic side of this debate. The Fed left the federal funds rate unchanged despite slumping employment, retail sales and consumer confidence. With short-term rates already so low, it was unclear how much additional Fed easing would help. After 525 basis points in cuts since 2001, the federal funds rate stood at 1.25 percent, which meant that the real, or inflation-adjusted rate was below zero. Book Page 33 Higher Yielding Bond Sectors Outperform In First Quarter The following is a summary of fixed income sector performance: Mortgages held up well despite heightened volatility. While nominal mortgage returns modestly lagged Treasuries, mortgages outperformed on a like-duration basis. Strong demand from banks caused mortgage yield premiums to tighten modestly. Less prepayment sensitive lower coupons outperformed as refinancings reached record levels. Volatility surged late in the quarter. During one 15-day span in March, rates jumped 9 straight days for 51 basis points and then dropped the next six days for 36 basis points. Corporate bonds, especially BBB-rated and high yield issues, outperformed. Credit premiums tightened as demand for corporates grew even as stock returns languished. Companies continued to pursue strategies favorable to bondholders, i.e., restraint in capital budgets and balance sheet repair. The supply/demand balance was favorable with new issuance relatively light and funds flows strong. Emerging market bonds had a solid start to 2003, outperforming all other bond sectors except the lowest rated corporates. The main drivers included growing awareness of stronger economic fundamentals in countries such as Brazil, significant cash inflows and higher commodity prices. Eurozone and Japanese government bond markets outperformed Treasuries as growth prospects for these economies remained bleaker than for the U.S. The European Central Bank cut its main interest rate by only 25 basis points to 2.5 percent, leaving the ECB well behind the Fed in its easing cycle. Although Japanese short-term rates are near zero, longer-term yields fell more than 40 basis points. Performance Attribution: Long Term Portfolio The Long-Term portfolio that PIM CO manages on behalf of Orange County Sanitation District turned in a 1.17 percent return over the quarter, outperforming the Merrill Lynch l-5 year Government Corporate Index by 4 basis points. This portfolio's performance was due in part to the following factors: Near-index duration was neutral for returns A broader-than-index yield curve structure was negative as the longest maturities underperformed during the quarter Modest emphasis on lower duration mortgages was positive; yield premiums tightened despite a volatile market due to strong bank demand A corporate allocation was positive as corporates outperformed; our focus on telecom bonds helped returns as these issues rallied amid rising confidence in their improved credit fundamentals An allocation to real return bonds was positive as most real yields fell amid strong demand from retail investors Asset-backed bonds modestly detracted from returns as the sector overall was weighed down by credit concerns in the manufactured housing and credit card segments An allocation to real return bonds was slightly positive as less volatile real yields did not climb as much as Treasury yields 2 Book Page 34 Liquid Portfolio The Liquid portfolio that PIMCO manages on behalf of Orange County Sanitation District turned in a 0.35 percent return over the quarter, outperforming the 3 month Treasury Bill Index by 5 basis points. This portfolio's performance was due in part to the following factors: Duration longer than the benchmark had a minor impact on performance as short-term rates were little changed Corporates enhanced returns; telecom and energy pipeline holdings gained amid rising demand for higher yielding bonds Holdings of high quality commercial paper and agency discount notes contributed to returns Economic Outlook: Outlook Uncertain; Global Imbalances Constrain Growth Concern about war with Iraq and its aftermath makes the macroeconomic environment unusually difficult to forecast. Geopolitical uncertainty could create considerable volatility in financial markets over the next year, but no matter how this uncertainty is resolved, the pre-existing problem of excess capacity worldwide will persist and crimp growth. The U.S. economy will expand by only 2-2.5 percent, while Europe and Japan will be hard pressed to grow at all. Yields on I 0-year Treasuries will range between 3.5 and 4.5 percent, with the potential to pierce the low end of the range if geopolitical circumstances deteriorate and test the high end if the situation in Iraq improves. Key elements of our cyclical forecast are the following: Demand in the U.S. will hold up better than in other major economies. The weakest part of the U.S. economy -the corporate sector -has pared capital investment, inventories and employees after the excesses of the late 1990s to restore credibility with lenders. This corporate thrift has pressured employment and wages, but it has not dragged down consumption. Adverse effects on U.S. household income and spending have been and will continue to be mitigated by consumers' ability to monetize housing wealth at mortgage rates near 40-year lows. This option, created by more than 500 basis points of Federal Reserve easing over the last two years, remains in- the-money for many homeowners. The Fed will not take such a valuable option away any time soon. The outlook is bleaker in Europe and Japan. In these economies, painful consequences of corporate thrift will not be mitigated by effective reflationary policy such as that provided by the Fed. Europe is on the brink of recession, as disillusioned investors and skeptical credit rating agencies force balance sheet rehabilitation on companies that lag far behind their American counterparts in cost cutting. Japan's moribund economy will not recover so long as its companies continue to save and not spend, using cash flow to pay down debt and cutting employees where they can. Rising commodity prices and a weaker dollar will push inflation modestly higher, creating a mildly stagflationary environment. Higher prices will be good for commodity exporters in the emerging markets, but will impose a negative terms of trade shock on developed economies. 3 Book Page 35 Strategy: Minimize Risk To Macroeconomic Volatility PIMCO will minimize risk and take exposures where prospects for attractive returns significantly outweigh downside potential. We will limit interest rate risk in two ways: by targeting duration near the index and by emphasizing short and long maturities to guard against a sell-off in overvalued intermediate maturities. In sector strategies, we will trim exposures that have recentJy fared well. Relatively high yields and strong credit quality make mortgages an attractive long-term holding. Nevertheless, recent gains make this sector vulnerable to a correction, so we will target near-index mortgage exposure in the short run. We will remain underweight to corporates overall, especially higher rated bonds offering slim credit premiums, and aim for near to above-index weightings in more attractively priced issues. Where permitted, we will retain modest exposures to Eurozone bonds and emerging market securities that have significant upside despite strong performance over the past six months. Eurozone issues, especially short maturities, do not fully discount the weakness in these economies. Emerging market bonds offer attractive yields and improving credit fundamentals. The following list highlights the strategies that will be used in the Long Term portfolio in the coming months: Minimize exposure to war-related volatility and pursue value where return prospects significantly outweigh downside risk Target duration near the index to limit interest rate risk Retain a broader-than-index maturity structure to enhance yield and exploit values all along the yield curve Retain reduced emphasis on mortgages. Relatively high yields and strong credit quality make mortgages attractive for the long run, but given record low mortgage rates the sector is vulnerable to a correction if rates should rise Add value by selecting corporate issues with attractive yield premiums and sold credit fundamentals Retain holdings of real return bonds, whose high credit quality and inflation protection should allow them to perform well in both optimistic and pessimistic geopolitical scenarios Hold high quality asset-backed securities to benefit from their strong collateral protection and attractive yields Seek opportunities to selectively add high quality municipal bonds to exploit unusual values with yields near those of Treasuries The following list highlights the strategies that will be used in the Liquid portfolio in the coming months: Minimize risk to economic volatility and pursue value where return prospects significantly outweigh downside risk Maintain modestly extended duration to generate incremental yield Emphasize corporates with a focus on issues with attractive yield premiums and solid credit fundamentals Maintain holdings of high quality commercial paper and agency discount notes to add value and liquidity to the portfolio 4 Book Page 36 We hope you find this information useful. Please feel free to call us with any questions. Sincerely Christine Telish, CF A Vice President 5 John M. Miller, CF A Senior Vice President Book Page 37 31 Dec01 31 Mar02 OCSD lnvutment Management Program Ouarl«' End Porttof\o Vo!LJe.11 (Marked-to-Market) 30Jun 02 30Sep02 Book Page 38 310.C:02 31 Mar03 Summary of Performance Data and Portfolio Statistics Orange County Sanitation District Performance Periods Ended 3/31/2003 Total Portfolio1 Before Fees (%) After Fees (%) Salomon 3 Month T-Bill Index (%)2 Summary Information Total Market Value ($MM) Quarterly Contributions ($MM) Estimated Annual Income ($MM) Estimated Yield to Maturity(%) Estimated Duration (yrs) Average Maturity (yrs) Average Quality Average Coupon(%) Tracking Error (3 yrs., %)3 Information Ratio (3 yrs.)4 See footnotes in Appendix. - 5.01 4.87 4.49 4.72 4.58 4.09 ltlltl•l•l••1tr~•l•I 64.3 49.6 20.0 -15.0 1.7 1.9 1.6 1.3 0.2 0.3 0.2 0.3 AAA AAA 2.6 3.9 0.2 0.2 3.6 3.3 3 yrs I yr 4.22 4.08 3.54 2.01 1.86 1.56 ••• 1.34 1.24 1.12 Sector Allocation Government Mortgages Corporates High Yield 0.87 0.80 0.69 Non U.S. $ Developed Emerging Markets Other Net Cash Money Markets Total 0.35 0.32 0.30 5-Year Return vs. Standard Deviation 11 10 9 ~8 'IP. E"1 ::i .A. ML 1-3Yr. £ 6 Treasury ~ 5 •Portfolio ~ 4 -+Index c: c: <C 3 2 x Salomon 10-Yr. Strip 0 2 3 4 5 6 7 8 9 10 11 Standard Deviation of Return2 (%) % of Market Value % of Duration ltlltl•l·~~-1lltM•l•Blltlltl•l·~~<M•l•BI 20 31 28 59 0 0 0 0 10 15 17 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 70 54 55 25 100 100 100 100 Summary of Performance Data and Portfolio Statistics Orange County Sanitation District Long Term Portfolio Performance Periocls Ended 3/31/2003 Total Portfolio1 Before Fees(%) After Fees (%) Merrill 1-5 Yr Gov't Corp. (%)2 Summary Information Total Market Value ($MM) Quarterly Contributions ($MM) Estimated Annual Income ($MM) Estimated Yield to Maturity(%) Estimated Duration (yrs) Benchmark Duration (yrs) Average Maturity (yrs) Average Quality Average Coupon (%) Tracking Error (3 yrs., %)3 Information Ratio (S yrs.)4 See footnotes in Appendix. - 6.91 6.90 6.76 6.74 6.86 7.00 lt-tlltlM·~~Btl•l•I 321.2 325.0 0.0 0.0 16.0 12.7 2.5 2.6 2.2 2.3 2.3 2.3 2.6 2.7 AAA AAA . 5.5 4.1 0.6 0.6 -0.5 -0.5 • •• 8.08 8.88 5.80 2.25 1.17 7.92 8.71 5.68 2.17 1.13 8.54 9.25 6.02 2.50 1.13 Sector Allocat1on Government Mortgages Corporates High Yield Non U.S.$ Developed Emerging Markets Other Net Cash Equivalents Total 10 9 e ~ E 7 a CD a: 6 ,, Q) N ~ 5 c: c: < 4 3 2 0 5·Year Return vs. Standard Deviation Index Portfolio # • M1·3 2 3 X Salomon 10-Yrs Strip 4 5 6 Standard Deviation of Return2 (%) 7 % of Market Value % of Duration 67 46 79 15 15 11 8 16 7 0 0 0 0 0 0 0 0 0 0 0 0 10 23 3 100 100 100 e 55 12 30 0 0 0 0 3 100 @> Mellon Trust Report PAGE: I BASE: USD NET ASSET SECTOR SUMMARY OCSF0751l102 31-MAR-2003 FINAL LIQUID OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS UNITED STATES COMMERCIAL PAPER -DISCOUNT 3, 154,638.66 3,154,638.66 6.37% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 7,708,718.88 7,708,718.88 15.56% 0.00 FNMA ISSUES -LESS THAN l YR 6,370,679.27 6,370,679.27 12.86% 0.00 FED HM LOAN BNK -LESS THAN 1 YR 7,820,44 7.72 7,820,447.72 15.78% 0.00 OTHER U.S. GOVT OBLIGATIONS 845,518.61 845,518.61 1.71% 0.00 MUTUAL FUNDS 178,546.39 178,546.39 0.36% 0.00 TOT AL UNITED STATES 26,078,549.53 26,078,549.53 52.63% 0.00 TOTAL CASH & CASH EQUIVALENTS 26,078,549.53 26,078,549.53 52.63% 0.00 t:O 0 ~IXED INCOME SECURITIES ""O ~ ~ UNITED STATES ~ U.S. GOVERNMENTS 6,251,984.38 6, 184,250.00 12.48% -67,734.38 ...... U.S. AGENCIES 9,379,081.35 9,313,449.28 18.80% -65,632.07 BANKING & FINANCE 5,276,887.61 5,210,168.26 10.51% -66,719.35 INDUSTRIAL 1,567,497.81 1,556,541.93 3.14% -10,955.88 UTILITY -TELEPHONE 677,046.50 673,257.00 1.36% -3,789.50 TOTAL UNITED STATES 23,152,497.65 22,937,666.47 46.29% -214,831.18 TOTAL FIXED INCOME SECURITIES 23,152,497.65 22,937,666.47 46.29% -214,831.18 OTHER PORTFOLIO ASSETS PAYABLES/RECEIVABLES 535,841.40 535,841.40 1.08% 0.00 TOTAL 535,841.40 535,841.40 1.08% 0.00 TOTAL OTHER PORTFOLIO ASSETS 535,841.40 535,841.40 1.08% 0.00 NET PORTFOLIO 49,766,888.58 49,552,057.40 100.00% -214,831.18 ASSETS 08-Apr-2003 14:14:31 EXecutive Workbench @) II Mellon Trust Report II PAGE: BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 31-MAR-2003 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS CASH 6.50 6.50 0.00% 0.00 RECEIVABLES 15,498,154.88 15,498,154.88 4.77% 0.00 PAYABLES -79,920,519.03 -79,920,519.03 -24.61% 0.00 TOTAL -64,422,35 7.65 -64,422,357.65 -19.83% 0.00 UNITED STATES COMMERCIAL PAPER -DISCOUNT 3, 187,904.00 3,187,904.00 0.98% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 36,941,995.00 36,967,131.37 l l.38% 25,136.37 FNMA ISSUES -LESS THAN l YR 32,834,616.69 32,834,616.69 10.11% 0.00 FED HM LOAN BNK-LESS THAN lYR 17,844,57 6.25 17,847,027.16 5.49% 2,450.91 tp MUTUAL FUNDS 12, 140,279.19 12,140,279.19 3.74% 0.00 0 0 ~TOTAL UNITED STATES 102,949,371.13 102,976,958.41 31.70% 27,587.28 i:>:> (1(1 7foTAL CASH & CASH EQUIVALENTS 38,527,013.48 38,554,600. 76 11.87% 27,587.28 IV FIXED INCOME SECURITIES UNITED STATES U.S. GOVERNMENTS 89,082,570.88 89,794,111.09 27.65% 711,540.21 INFLATION INDEXED SECURITIES 14,119,622.69 17,663,888. 73 5.44% 3,544,266.04 U.S. AGENCIES 43,214,290.34 46,213,756.96 14.23% 2,999,466.62 GNMA SINGLE FAMILY POOLS 17,389,33 l.52 17,898,231.84 5.51% 508,900.32 GNMA MULTIFAMILY POOLS 5,023,129.66 5, 162,808.53 1.59% 139,678.87 FHLMCPOOLS 266,541.50 274,554.68 0.08% 8,013.18 FHLMC MUL TICLASS 2, 788,255.41 2,807,448.87 0.86% 19,193.46 FNMA POOLS 25,933, 125.00 25,971,484.50 8.00% 38,359.50 COLLATERALIZED MORTGAGE OBLIGATI 2,838,118.80 3,117,976.70 0.96% 279,857.90 ABS: CAR LOAN 144,054.92 141,098.53 0.04% -2,956.39 ABS: AIRPLANE RECEIVABLES 1,600,000.00 336,000.00 0.10% -1,264,000.00 BANKING & FINANCE 40,929,899.50 41,466,463.50 12.77% 536,564.00 INDUSTRIAL 17,792,380.00 17,869,310.00 5.50% 76,930.00 UTILITY -ELECTRIC 6,438,210.00 7,026,855.00 2.16% 588,645.00 UTILITY -TELEPHONE 6,594,240.00 6,652,950.00 2.05% 58,710.00 INTERNATIONAL CORPORA TE BONDS 826,199.84 831,824.80 0.26% 5,624.96 08-Apr-2003 14:15 :45 EXecunve Workbench OCSF07522202 LONG TERM OPER-PIMCO PORTFOLIO DISTRIBUTION TOTAL UNITED STATES TOTAL FIXED INCOME SECURITIES OTHER PORTFOLIO ASSETS PAYABLES/RECEIVABLES TOTAL TOTAL OTHER PORTFOLIO ASSETS NET PORTFOLIO ASSETS 08-Apr-2003 14:15:45 Mellon Trust Report NET ASSET SECTOR SUMMARY 31-MAR-2003 COST MARKET VALUE 274,979,970.06 283,228,763.73 274,979,970.06 283,228, 763. 73 3,026,962.92 3,026,962.92 3,026,962.92 3,026,962.92 3,026,962.92 3,026,962.92 316,533,946.46 324,810,327.41 %OF TOTAL 87.20% 87.20% 0.93% 0.93% 0.93% 100.00% PAGE: 2 BASE: USD FINAL UNREALIZED GAIN/LOSS 8,248,793.67 8,248,793.67 0.00 0.00 0.00 8,276,380.95 EXec.uc1ve Workbench YLDAHAL YIELD ANALYSIS PAGE l OCSF075lll02 2003/03/31 RUN DATE 04/08/03 DISTRICT I LIQUID OPERATING RUH TIME I 09 .36. 44 ============================================================================================================================= PAR VALUE Y'I'M AT CURRENT MOODY MARX ET TOTAL COST/ t TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARXET VALUE t TOTAL -------------------------------------------------------------------------~~------------------------- CASH & CASH EQUIVALENTS 1,564,000.00 DU PONT DE NEMOUR DISC .ooo .ooo P-1 99.915 1,562,678.16 5.99 26354BR87 04/08/2003 1,562,678.16 3.19 500,000.00 FEDERAL FARM CR BK CONS SYSTEM .ooo .ooo P-1 99.509 497,544.44 1.90 313312FE5 MAT 05/05/2003 A-1+ 497,544.44 1.02 750,000.00 FEDERAL FARM CR BK CONS SYSTEM .ooo .ooo P-1 99.404 745,531.25 2 .85 3l3312GKO MAT 06/03/2003 A-1+ 745,531.25 1.52 1,000,000.00 FEDERAL HOME LN BK CONS DISC .ooo .ooo P-1 99.707 997, 073. 61 3.82 313384FW4 MAT 05/21/2003 A-1+ 997,073.61 2.03 1,865,000.00 FEDERAL HOME LN BK DISCOUNT NT .ooo .ooo P-1 99 .412 1,854,040.02 7 .10 o:; 313384GFO MAT 05/30/2003 A-1+ 1,854,040.02 3.78 0 0 500,000.00 FEDERAL HOME LN BK CONS DISC N .ooo .ooo P-1 99.450 497,248.33 :>;"" 1.90 "O 313384HAO MAT 06/18/2003 Po> A-1+ 497,248.33 1.01 oq ~ 2,000,000.00 FEDERAL HOME LN BK CONS DISC N .ooo .ooo P-1 99.399 1,987,986.11 7.62 ""'" 313384HV4 MAT 07/07/2003 A-1+ 1,987,986.11 4.06 ""'" 2,500,000.00 FEDERAL HOME LN BK CONS DISC H .ooo .ooo P-1 99.364 2,484,099.65 9 .52 313384BXO MAT 07/09/2003 A-1+ 2,484,099.65 5.07 500,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99.682 498,411.25 1.91 313396FQ1 MAT 05/15/2003 A-1+ 498,411.25 1.02 5,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99.422 4,971,111.11 19.06 313396FX6 MAT 05/22/2003 A-1+ 4,971,111.11 10.14 1,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99.612 996,120.83 3.81 313396GF4 MAT 05/30/2003 A-1+ 996,120.83 2.03 1,100,000.00 FEDERAL NATL MTG ASSN DISC .ooo .ooo P-1 99. 718 1,695,200.33 6.50 313588ESO o.ooot 04/23/2001 DD 04/28/02 A-1+ 1,695,200.33 3.46 500,000.00 FEDERAL NATL MTG ASSN ~ISCOUNT .ooo .000 P-1 99.474 497,371.81 1.90 313588GT6 MAT 06/11/2003 A-1+ 497,371.81 1.01 900,000.00 FEDERAL NATL MTG ASSN DISCOUNT .ooo .000 P-1 99.395 795,156.00 3.04 313588HQ1 MAT 07/02/2003 A-1+ 795,156.00 1.62 YLDANAL YIELD ANALYSIS PAGE 2 OCSF07511102 2003/03/31 RUN DATE I 04/08/03 DISTRICT: LIQUID OPERATING RUN TIME I 09. 36 .44 =================================~=========================================================================================== PAR VALUE YTH AT CURRENT MOODY MARl<ET TOTAL COST/ ' TYPE SECURITY ID SECURITY DESCRIPTION 80011 YIELD S-P PRICE MARKET VALUE ' TOTAL ------------------------~--------------------------------------------------------------------- 100,000.00 GENERAL ELEC CAP DISC .ooo .ooo P-1 9!L625 99,625.50 .38 36959JTB9 06/11/2003 99,625.50 .20 1,soo,000.00 GOLDMAN SACHS LP DISC .ooo .ooo P-1 99.489 1,492,335.00 5.72 38142UU75 07/07/2003 1,492,335.00 3.04 850,000.00 STUDENT LN MARJ(ETING ASSN DISC .ooo .ooo P-1 99 .473 845,518.61 3.24 863872FQ5 MAT 05/15/2003 A-1+ 845,518.61 1. 72 178,546.39 DREYFUS TREASURY CASH MGMT .ooo 1.086 AAA 100.000 178,546.39 .68 996085247 AAA 178,546.39 .36 3,402,DOO.OO FEDERAL NATL MTG ASSN DISC 1.438 .ooo P-1 99 .440 3,382,951.13 12.97 313588FG5 05/07/2003 A-1+ 3,382,951.13 6.90 t:O 0 0 --------------------------------------·----:>;" TOTAL CASH ' CASH EQUIVALENTS .ou .002 26,078,549.53 100.00 '"O 26,078,549.53 53.18 P> ~ """ Vl FIXED INCOME SECURITIES 1,500,000.00 ASSOCIATES CORP NORTH SR NT .ooo 1.600 AAl 100.031 1,502,520.00 6.54 046003KB1 FLTG RT 05/08/2003 DD 05/08/00 AA-1,500,465.00 3.06 650,000.00 BELL ATLANTIC-NEW JERSEY INC .ooo 5.672 AA3 103.578 677,046.50 2.93 077858AA6 5.875% 02/01/2004 DD 02/01/94 A+ 673,257.00 1.37 200,000.00 COLGATE PALMOLIVE MTN TR 00058 .DOD 5.134 AA3 102.640 206,476.00 .89 19416QCK4 5.270% 12/01/2003 DD 11/24/98 AA-205,280.00 .42 1,350,000.00 FEDERAL FARM CR BKS CONS SYSTE .ooo 5.224 AAA 103.360 1,399,963.50 6.08 31331R6G7 6.40% 01/23/2004 DD 01/01/1999 AAA 1,395,354.20 2.85 550,000.00 FEDERAL FARM CR BKS CONS MTN .ooo 4.907 AAA 101,895 565,229.50 2.44 31331RC78 5.000\ 10/02/2003 DD 10/02/98 AAA 560,424.26 1.14 650,000.00 FEDERAL HOME LN MTG DEBS .ooo 7 .318 AAA 100.784 657,377.50 2.85 3134A34H6 7.375% 05/15/2003 DD 0~/26/00 AAA 655,097.04 1. 34 3,200,000.00 FEDERAL NATL MTG ASSN DEBS .ooo 4.959 AAA 103.340 3,321,088.00 14. 41 31359MEH1 5.125% 02/13/2004 DD 02/08/99 AAA 3,306,883.20 6.75 YLDANAL YIELD ANALYSIS PAGE 3 OCSF07511102 2003/03/31 RUN DATE 04/08/03 DISTRICT I LIQUID OPERATING RUN TIME 09.36.44 ============================================================;================================================================ PAR VALUE Y'l"M AT CURRENT HOO DY MARKET TOTAL COST/ ' TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE ' TOTAL -------------------------------------------------------------------------------------------------- 533,000.00 GENERAL ELEC MTN fTR 00454 .ooo 7.421 AAA 101. 062 544,976.51 2.34 36962GUXO 7.500, 06/05/2003 DD 06/05/00 A-2 538,660.46 1.10 250,000.00 GILLETTE CO NT .ooo 6.135 AA3 101.875 256,012.50 1.11 375766AC6 6.250' 08/15/2003 DD 08/16/93 AA-254,687.50 .52 300,000.00 GOLDMAN SACHS GRP MTN fTROOlOO .ooo 1.589 AA3 100.078 300,227.10 1.30 38141EED7 VAR RT 08/18/2003 DD 08/16/00 A+ 300,234.00 .61 500,000.00 PAINE WEBBER GROUP INC NTS .000 6.231 AA2 103.515 519,405.00 2.25 695629CE3 6.450\ 12/01/2003 DD 12/01/98 AA+ 517,575.00 1.06 656,000.00 PROCTER & GAMBLE CO NTS .ooo 5.156 AA3 101.828 672,278.56 2.91 742718BK4 5.250\ 09/15/2003 DD 09/28/98 AA-667,991.68 1.36 t:'d 5,900,000.00 U S TREASURY BONDS .ooo 11.137 AAA 106.625 6,251,984.38 26.96 0 0 912810000 11. 875\ 11/15/2003 DD 10/05/83 AAA 6,184,250.00 12.62 ::><;' "' 425,000.00 WAL HART STORES INC .ooo 6.446 AA2 100.843 Po> 432,730.75 1. 86 ()Cl 931142AQ6 6.500\ 06/01/2003 AA 428,582.75 .87 ~ .i::. "' 1,000,000.00 FEDERAL HOME LN HTG CORP DEBS J. 454 4.469 AAA 100.690 1,019,200.00 4.38 3134A4FF6 4.500\ 06/15/2003 DD 06/15/0l AAA 1,006,896.80 2.05 2,000,000.00 FEDERAL HOME LN BK CONS BDS J .517 4.460 AAA 100.896 2,039,880.00 8.79 3133MG5.11 4.500\ 07/07/2003 DD 07/06/01 AAA 2,017,917.60 4.12 450,000.00 WELLS FARGO & CO SUBNT 1.615 5.957 AA3 102.812 467,496.00 2.01 949740BY9 6 .125% 11/01/2003 DD 11/01/93 A 462,654.00 .94 150,000.00 FEDERAL FARM CR BKS CONS MTN 1.664 6.418 AAA 102 .061 155,796.00 .66 31331NW59 6.550\ 08/19/2003 DD 08/19/96 AAA 153,091.05 .31 100,000.00 FEDERAL HOME LN BK CONS BDS J .664 5.822 AAA 101. 776 103, 311.00 .44 3133M55B2 5.925\ 08/14/2003 DD 08/14/98 AAA 101,776.01 .21 2,000,000.00 HORGAN STANLEY DW MTN ITR00349 1. 757 6.977 AA3 102.125 1,045,350.00 4.45 61745EQN4 7.125% 08/15/2003 DD 0,/10/00 AA-1,021,250.00 2.09 100,000.00 FEDERAL NATL MTG ASSN MTN 1.917 6.657 AAA 100 .799 102,765.00 .43 J1J64CDD7 6.710\ 05/21/2003 DD 05/21/96 AAA 1001799.JO .21 540,000.00 WELLS FARGO & CO NEW NT 1.949 7.168 AA2 100.453 560,601.00 2.36 949740CB5 7 .200\ 05/01/2003 DD 04/26/00 A+ 542,446.20 1.11 YLDANAL OCSF07511102 DISTRICT! LIQUID OPERATING YIELD ANALYSIS 2003/03/31 PAGE RUN DATE RUN TIME 4 04/08/03 I 09.36.44 =========-=---======:=:=:====:::=:=======-----·----~-~--.---------·-----::==--=:::--==========-=====--===~-;-:============--= PAR VALUE SECURITY ID SECURITY DESCRIPTION 324,000.00 BANKAMERICA CORP SUB NT 066050817 6.875' 06/01/2003 DD 06/01/93 15,000.00 FEDERAL HOME LN BKS CONS BD 3133M4VC4 6.000' 07/14/2003 DD 07/14/98 TOTAL FIXED INCOME SECURITIES TOTAL YTM AT CURRENT MOODY MARXET BOOK YIELD S-P PRICE 2 .372 6.814 AA3 100.890 A 2. 751 5.917 AAA 101.399 AAA ----------------.203 6.272 .122 3,495 TOTAL COST/ MARXET VALUE 336,312.00 326,883.60 15,470.85 15,209.82 23,152,497.65 22,937,666.47 49,231,047.18 49,016,216.00 ' TYPE ' TOTAL 1.42 .67 .06 .03 100.00 46.80 100.00 100.00 ========= YLDANAL YIELD ANALYSIS PAGE 5 OCSF07522202 2003/03/31 RUN DATE 04/08/03 DISTRICT: LONG-TERM OPERATING RUN TIME 09.36.44 ============================================================================================================================= PAR VALUE YTH AT CURRENT MOODY MARKET TOTAL COST/ ' TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE ' TOTAL ----~------------·------------------------------~---------------------------------------------- CASH ' CASH EQUIVALENTS 15,200,000.00 FEDERAL HOME LN BK CONS DISC .ooo .ooo P-1 99.690 15,152,880.00 14. 71 313384EK1 MAT 04/16/2003 A-1+ 15,152,880.00 3.92 1,500,000.00 FEDERAL HOME LN BX CONS DISC .ooo .ooo P-1 99.694 1,495,412.09 1.45 313384ES4 MAT 04/23/2003 A-1+ 1,495,412.09 .39 1,200,000.00 FEDERAL HOME LN BX CONS DISC .ooo .ooo P-1 99.895 1,196,294.17 1.16 313384FG9 MAT 05/07/2003 A-1+ 1, 198, 735.08 .31 23,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.996 22,999,169.45 22.33 313396DU4 MAT 04/01/2003 A-1+ 22,999,169.45 5.96 1,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99.790 997,902.22 .96 ttJ 313396FY4 MAT 05/23/2003 A-1+ 997,902.22 .26 0 0 :>;"' 13,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99. 770 12,944,923.33 12.59 ""C 313396HG1 MAT 06/24/2003 Pl A-1+ 12,970,059.70 3.36 CICl ("!) 17,500,000.00 FEDERAL NATL MTG ASSN DISCOUNT .ooo .ooo P-1 99.996 17,499,358.33 16.99 .j::.. 00 313599DU6 MAT 04/01/2003 A-1+ 17,499,358.33 4.53 8,100,000.00 FEDERAL NATL MTG ASSN DISCOUNT .ooo .ooo P-1 99.473 8,654,172.75 8.40 313598FP5 MAT 05/14 /2003 A-1+ 8,654,172.75 2 .24 2,200,000.00 FEDERAL NATL MTG ASSN DISCOUNT .ooo .ooo P-1 99. 749 2,194,473.11 2.13 313588GRO MAT 06/09/2003 A-1+ 2,194,473.11 .57 4,500,000.00 f'EDERAL NATL MTG ASSN DISCOUNT .ooo .000 P-1 99.702 4,496,612.50 4.35 313598881 MAT 06/25/2003 A-1+ 4,486,612.50 1.16 3,200,000.00 GENERAL ELEC CAP DISC .ooo .000 P-1 99.622 3,197,904.00 3.09 36959JTC7 06/12/2003 3,187,904.00 .83 12,140,279.19 DREYFUS TREASURY CASH MGMT .ooo 1.096 AAA 100.000 12,140,279.19 11. 78 996085247 AAA 12,140,279.19 3.14 ---------------------------------------- TOTAL CASH & CASH EQUIVALENTS .ooo .019 102,949,371.13 100.00 102,976,958.41 26.67 YLDANAL YIELD ANALYSIS PAGE 6 OCSF07522202 2003/03/ll RUN DATE I 04/09/03 DISTRICT: LONG-TERM OPERATING RUN TIME I 09.36.44 ==============================~========================z===================================================•==========~====== PAR VALUE YTf! AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL --------------------------------------------------------------------------------------------------- FIXED INCOME SECURITIES 752,000.00 AIG SUNAMERICA GLO BOS USO .ooo 5.289 110.615 826,199.94 .29 NA2799454 5.950% Ol-AUG-2009 831,824.80 .22 5,000,000.00 COMMIT TO PUR FNMA SF MTG .ooo 4.999 AAA 102.291 5,070,312.50 1. 90 OlF050452 5.000% 05/01/2019 DD 05/01/03 AAA 5,114,062.50 1. 32 15,ooo,ooo.oo COMMIT TO PUR FNMA SF MTG .ooo 5.736 AAA 104.594 15,714,375.00 5.53 OlF060444 6.000% 04/01/2019 DD 04/01/03 AAA 15,699,062.50 4.06 5,000,000.00 COMMIT TO PUR FNMA SF MTG .ooo 5.805 AAA 103.367 5,149,437.50 1.92 01F060659 6.000% 05/01/2033 DD 05/01/03 AAA 5,169,359.50 1.34 10,000,000.00 COMMIT TO PUR GNMA SF MTG .ooo 6.192 AAA 104.977 10,496,975.00 3,70 to 01H062649 6.500% 04/15/2033 DD 04/01/03 AAA 10,497,656.00 2.72 0 0 :>;"' 900,000.00 BEAR STEARNS MTN t TR 00459 .ooo 1.629 A2 100.140 999,406.00 .Jl "O 073928VC4 VAR RT 12/01/2003 DD 09/17/01 A 901,260.00 .23 $>) (IQ ~ 1,500,000.00 CIT GROUP INC NEW SR NT .ooo 5.380 A2 102.234 1,527,135.00 .54 ~ \0 125581ADO 5.500% 11/30/2007 DD 12/02/02 A 1,533,510.00 .40 5,000,000.00 CITIGROUP INC GLOBAL SUB NT .000 5.246 AA2 107.234 5,333,600.00 1.99 172967BP5 5.625% 09/27/2012 DD 08/26/02 A+ 5,361,700.00 1. 39 196,350.30 DISTRIBUTION FINL 99-1 CL A4 .ooo 5.789 100.896 200,461.40 .06 25475MAD6 5.840% 10/17/2011 DD 03/18/99 198,089.96 .OS 163,149.25 FHLMC GROUP fG4-0353 .ooo 7,201 AAA 104.154 167,277.94 .OS 3128DBMA2 7.500% 10/01/2004 DD 03/01/99 AAA 169,925.17 .04 7,500,000.00 FEDERAL HOME LN BK CONS BDS .ooo 6.462 AAA 110.263 7,997,625.00 2.91 3133MAUN7 7.125% 02/15/2005 DD 02/08/00 AAA 8,269,727.25 2 .14 101,743.55 FHLMC GROUP 179-6064 .000 3.737 AAA 102.936 99,263.56 .03 31348SWZ3 6,384% 01/01/2028 DD 12/01/97 AAA 104,629.51 .03 11,350,000.00 FEDERAL NATL MTG ASSN DEBS .ooo 4.915 AAA 109.035 11,521,271.50 4.36 31359MJX2 5.250% 06/15/2006 DD 06/22/01 AAA 12,375,502.01 3.20 2,593,603.29 GNMA POOL f0569359 .ooo 6 .199 AAA 105.049 2,654,390.97 .96 36200QQK3 6.500% 04/15/2032 DD 04/01/02 AAA 2,724,565.21 .71 YLDANAL YIELD ANALYSIS PAGE 7 OCSF07522202 2003/03/31 RUN DATE 04/08/03 DISTRICT: LONG-TERM OPERATING RUH TIME I 09.36.44 ============================================================================================================================= PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ \ TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE \ TOTAL ------------------------------------------------------------------------------------------------ 413,445.05 GNMA II POOL 10080395 .ooo 4 .410 AAA 102.045 409,698.21 .14 36225CNM4 VAR RT 04/20/2030 DD 04/01/00 AAA 421,901.66 .11 3,767,207.21 GNMA II POOL f080408X .ooo 4.410 AAA 102.045 3,728,946.51 1.35 36225CN28 6.500\ 05/20/2030 OD 05/01/00 AAA 3,844,231.53 1.00 3,000,000.00 GTE NORTH INC DEB SER A .ooo 5.789 Al 103.640 3,063,750.00 1.09 362337AD9 6.000\ 01/15/2004 DD 01/15/94 A+ 3,109,200.00 .81 5,000,000.00 GENERAL ELEC CAP MTN ITR 00575 .ooo 5.205 AAA 104.703 5,203,500.00 1.84 36962GZY3 5.450\ 01/15/2013 DD 12/06/02 A-2 5,235,150.00 1. 36 4,000,000.00 GENERAL MTRS ACCEP MTN 100615 .ooo 1.684 A2 99. 765 3,998,440.00 1.40 37042WE80 VAR RT 08/04/2003 DD 08/03/01 BBB 3,990,600.00 1.03 o:; 3,000,000.00 GENERAL MTRS ACCEP CORP SR NT .ooo 5,973 A2 102.546 3,064,350.00 1.08 0 370425S03 6.125\ 08/28/2007 DD 08/29/02 BBB 3,076,380.00 .BO 0 ~ "ti 3,000,000.00 GOLDMAN SACHS GROUP INC SR NT .ooo 4.018 AAJ 102.671 3,030,030.00 1.08 I» (1Q 38141GCS1 4.125\ 01/15/2008 DD 01/13/03 A+ 3,0B0,130.00 ,80 ~ VI 0 1,500,000.00 HOUSEHOLD FIN CORP NT .ooo 5.858 A2 108.828 1,625,940.00 .57 441812JW5 6.375\ 10/15/2011 DD 10/23/01 A 1,632,420.00 .42 J,000,000.00 JP MORGAN CHASE & CO SUB NT .ooo 5.488 A2 104.765 3,127,260.00 1.10 46625HAT7 5.750\ 01/02/2013 DD 11/25/02 A 3,142,950.00 .81 3,200,000.00 MORGAN STANLEY NT .000 J.640 AAJ 99,593 3,195,648.00 1.12 617446BW2 3.625\ 04/01/2008 DD 03/06/03 A+ 3,186,976.00 ,83 J,000,000.00 NATIONAL RURAL UTILS COOP FIN .ooo 6 .237 A2 116.234 3,465,480,00 1.23 637432CU7 7.250\ 03/01/2012 DD 03/07/02 A 3,487,020.00 .90 5,000,000.00 PHILIP MORRIS COS INC HTS .000 7.277 BAAl 103.062 5,263,000.00 1.81 718154CHB 7.500\ 04/01/2004 DD 04/01/97 A-5,153,100 .00 1.33 140,156.82 PREMIER AUTO TR 99-3 CL A-4 .ooo 6.387 AAA 100.672 144,054.92 .04 74046RFW6 6.430\ 03/08/2004 DD 06/21/99 141,098.53 .04 3,679,356.91 SBA GTD DEV PARTN 2001~20C 1 .ooo 5 .759 AAA 110.080 3,679,356.91 1. 43 83162CLJO 6.340\ 03/01/2021 AAA 4,050,236.09 1.05 2,637,657.40 SBA GTD PARTN CTFS SBIC-PS 01 .ooo 5.998 AAA 110. 700 2,637,657.40 1.03 831641004 6.640\ 02/10/2011 DO 02/21/01 NR 2,919,886.74 .76 YLDANAL YIELD ANALYSIS PAGE 8 OCSF07522202 2003/0J/Jl RUN DATE 04/08/0J DISTRICT: LONG-TERM OPERATING RUN TIME 09.36.44 ====================================================================================================================c======== PAR VALUE YT'H AT CURRENT HOO DY HARXET TOTAL COST/ \ TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE HARXET VALUE ts TOTAL -----------------------------------------------------------·--------------------------------------- 1,600,000.00 UNITED AIRLS PASSTHRU 01-1 C .000 32.529 BJ 21. 000 1,600,000.00 .11 909317BC2 6.831\ 03/01/2010 DD 08/22/01 A-336,000.00 .09 20,000,000.00 U S TREASURY NOTES .ooo 5,467 AAA 114 .313 22,620,312.50 8.07 9128272JO 06.250% 02/15/2007 DD 02/15/97 AAA 22,862,500.00 5.92 .oo US TREASURY INFLATION INDEX NT .ooo .ooo AAA .ooo .oo .oo 9128274Y5 3.875% 01/15/2009 DD 01/15/99 AAA .oo .oo 57,100,000.00 U S TREASURY NOTES .ooo 5.221 AAA 110.125 62,782,901.47 22.20 9128276N7 05.750% 11/15/2005 DD 11/15/00 AAA 62,881,375.00 16.28 3,000,000.00 VERIZON GLOBAL FDG CORP GLOBAL .ooo 6.243 A2 118 .125 3,530,490.00 1.25 92344GAT3 7.375% 09/01/2012 DD 08/26/02 A+ 3,543,750.00 .92 to 0 3,500,000.00 VIRGINIA ELEC & PWR 01 SER A .ooo 5.298 A3 108.531 3,487,680.00 1.34 0 :><;" 927804ENO 5.750\ 03/31/2006 DD 03/27/01 BBB+ 3,798,585.00 .98 "'C J:l 16,053,520.00 US TREASURY INFLATION INDEX NT 3 .817 3.067 AAA 110. 031 14,119,622.69 6.23 Cl> Ul 9128272M3 3.375% 01/15/2007 DD 01/15/97 AAA 17,663,888.73 4.57 ...... 3,950,000.00 GMAC NTS 5. 752 1.445 A2 99.671 3,918,768.50 1.39 370425QV5 VAR RT 08/18/2003 DD 08/17/98 BBB 3,937,004.50 1.02 2,000,000.00 BANKERS TR NY CORP GLOBAL NT s .881 1.450 Al 100.031 1,992,800.00 .10 066365DW4 FLTG RT 05/11/2003 DD 05/11/98 A 2,000,620.00 .52 15,500,000.00 FEDERAL NATL MTG ASSN DEBS 5 .967 6.467 AAA 110.181 16,154,410.00 6.02 31359MFR1 7.125% 02/15/2005 DD 02/14/00 AAA 17,077,980.60 4.42 1,421,839.94 FHLMC MULTICLASS MTG SER E3 A 6.316 4.302 AAA 99.319 1,423,354.78 .49 3133TCE95 VAR RT 08/15/2032 DD 12/01/97 AAA 1,412,157.21 .37 1,067,181.72 GNMA GTD REMIC TR 2000-9 FR 6 .320 1. 770 AAA 100.583 1,067,181.72 .37 3837R4NX9 VAR RT 02/16/2030 AAA 1,073,403.39 .28 2,000,000.00 BEAR STEARNS COS INC 6.330 6. 738 A2 100.111 2,031,960.00 .70 073902AR1 6.750% 04/15/2003 A 2,003,420.00 .52 14,511.60 GNMA POOL 10500917 6.389 5,731 AAA 104.699 13,774.69 .oo 36210SPAO 6.000% 04/15/2029 DD 04/01/99 AAA 15,193.53 .oo 52,552.05 GNMA POOL 10506636 6 .389 s. 731 AAA 104.699 49,883.39 .01 36210YY90 6.000\ 04/15/2029 DD 04/01/99 AAA 55,021.59 .01 YLDANAL YIELD ANALYSIS PAGE 9 OCSF07522202 2003/03/31 RUN DATE 04/08/03 DISTRICT I LONG-TERM OPERATING RUN TIME I 09.36.44 ============================================================================================================================= PAR VALUE Y'l'H AT CURRENT MOODY MARKET TOTAL COST/ ' TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARI<ET VALUE % TOTAL ------------------------------------------------------------------------------------------------- 546,725.37 GNMA POOL 10503388 6. 389 5.731 AAA 104.699 518,961.97 .20 36210VF55 6.000% 03/15/2029 DD 03/01/99 AAA 572,417.20 .15 22,487.79 GNMA POOL 10499153 ',399 5. 731 AAA 104.699 21,345.82 .oo 36210QQE5 6.000\ 02/15/2029 DD 02/01/99 AAA 23,544.54 .01 666, 417. 96 GNMA POOL 10496461 ',390 5. 731 AAA 104.699 632,576.40 .24 36210HQN4 6.000\ 01/15/2029 DD 01/01/99 AAA 697,734.41 .18 178,611.98 GNMA POOL 10491103 6 .390 5.731 AAA 104.699 169,541.85 .06 36210FRY4 6.000\ 01/15/2029 DD 01/01/99 AAA 187,005.35 .05 16,922.07 GNHA POOL 10486720 6 .390 5. 731 AAA 104.699 16,062.75 .oo 36210AVM6 6.000% 12/15/2028 DD 12/01/98 AAA 17,717.28 .oo to 0 32,362.96 GNMA POOL 10497343 6. 390 5. 731 AAA 104.699 30,719.54 0 .01 :>;' 36210NP45 6.000% 12/15/2028 DD 12/01/98 AAA 33,883.77 .01 "ti ~ 27,704.88 GNMA POOL 10469688 6 .391 5. 731 AAA 104.699 26,298.00 .01 ~ Vt 36209EXR8 6.000% 11/15/2028 DD 11/01/98 AAA 29,006.79 .01 N 33,319.31 GNMA POOL 10467279 6 .391 5.731 AAA 104.699 31,627.32 .01 36209CCQ7 6 .000\ 10/15/2028 DD 10/01/98 AAA 34,885.06 .01 60,958.95 GNMA POOL 10457814 6 .391 5.727 AAA 104.762 57,863.37 .02 36208QSB3 6 .000'5 10/15/2028 DD 10/01/98 AAA 63,861.64 .02 622,401.19 GNMA POOL 10467286 6.391 5.731 AAA 104.699 590,794 .88 .23 36209CCX2 6.000\ 10/15/2028 DD 10/01/98 AAA 651,649.19 .17 742,239.17 GNMA POOL 10465555 6 .392 5.727 AAA 104.762 704,547.35 .27 36209AE48 6.000'5 09/15/2028 DD 09/01/98 AAA 777,582.52 .20 25,820.45 GNHA POOL 10483452 6 .392 5.727 AAA 104.762 24,509.25 .oo 36209WBV3 6.000% 09/15/2028 DD 09/01/98 AAA 27,049.95 .01 723,417.09 GNMA POOL 10465546 6 .392 5.727 AAA 104.762 686, 681. 07 .26 36209AET3 6.000'5 08/15/2028 DD 08/01/98 AAA 757 ,864 .19 .20 629,734.39 GNHA POOL 10468339 6. 392 5.727 AAA 104.762 597,755.71 .23 36209DBQO 6.000% 08/15/2028 DD 08/01/98 AAA 659,720.58 .17 36,396.45 GNMA POOL 10438057 6.393 5.727 AAA 104.762 34,548.20 .01 36207PTN9 6.000\ 05/15/2028 DD 05/01/98 AAA 38,129.55 .01 YLDANAL YIELD ANALYSIS PAGE 10 OCSF07522202 2003/03/31 RUN DATE 04/08/03 DISTRICT: LONG-TERM OPERATING RUH TIME I 09.36.44 ============================================================================================================================= PAR VALUE YT'M AT CURRENT MOODY MA.RI<ET TOTAL COST/ I TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE I TOTAL --------------------------------------------------·------------------------------------------------- 32,209.75 GNMA POOL 10468330 6. 393 5,121 AAA 104.762 30,574 .09 .01 36209DBF4 6.000\ 05/15/2028 DD 05/01/98 AAA 33, 743. 49 .01 1,364,294.88 FHLHC HULTICLASS CTF Tll A6 6 .496 6.356 AAA 102.272 1,364,900.63 .49 3133TDPV2 6.5001 09/25/2018 AAA 1,395,291.66 .36 2,884,581.83 FULMC MULTICLASS CTF SER 1620Z 6.09 5.632 AAA 106.526 2, 728,441.89 1.08 3133Tl7A4 6.0001 11/15/2023 DD 11/01/93 AAA 3,072,829.64 .80 1,000,000.00 SALOMON SB HLDGS MTN 6 .625 1.599 AAl 100.015 1,000,000.00 .35 79548EEE8 VAR RT 04/28/2003 DD 04/28/00 AA-1,000,150.00 .26 516,528.07 GNMA II POOL I080088M 6. 705 5.2ll AAA 103.147 527,827.12 .18 36225CC20 7.3751 06/20/2027 DD 06/01/97 AAA 532,781.14 .14 to 0 2,000,000.00 MARSH & MCLENNAN COS INC SR NT 6.717 6.252 A2 105.968 1,992,280.00 • 74 0 :>;"' 571748AB8 6.625• 06/15/2004 DD 06/14/99 AA-2,119,360.00 .55 ~ Ill 3,000,000.00 FORD MTR CR CO GLOBAL LAHOMA.RX 6.739 6.573 A3 101.937 2,995 1 080,00 1.07 °'" ('1l 345397SJ3 6.700, 07/16/2004 DD 07/16/99 BBB 31 058,llO.OO .79 Vt l;) 2,soo,000.00 COUNTRYWIDE HOME LNS INC NT 6.866 6.466 Al 105.937 2,498,400.00 .93 22237UAB8 6.8501 06/15/2004 DD 06/24/99 A 2,648,425.00 .69 350,846.91 GNMA II POOL 10080023 6 .992 5.423 AAA 103.719 356,657.82 .12 36225CAZ9 VAR RT 12/20/2026 DD 12/01/96 AAA 363,894.20 .09 2,100,000.00 FEDERAL NATL MTG ASSN DEBS 7.113 5.640 AAA ll7.466 2,030,133.00 .87 31359MEY5 6.625, 09/15/2009 DD 09/01/99 AAA 2,466,788.31 .64 794,873.85 GREYSTONE SVCG CORP FHA 195-7 7.564 6.931 AAA 107 .194 783,261.24 .JO 39810fAE4 7.430\ 06/01/2023 DD 02/29/00 AAA 852,059.54 .22 l,Ooo,000.00 FORD MOTOR CR CO NT 7.582 6.750 Al 100.000 965,170.00 .35 345397GV9 6.750\ 05/15/2005 DD 05/24/93 BBB i,000,000.00 .26 952,656.49 WMP/HUNTOON PAIGE f000-lll50 7.68' 6.967 AAA 107.643 931,965.99 .36 302998GE3 7.500\ 12/01/2030 DD 10/21/99 AAA 1,025,466.22 .27 3,000,000.00 PACIFICORP SECD MTN tTR 00115 7 . 709 6.784 Al 107.609 2,950,530.00 1.13 69512EEU5 7,300• 10/22/2004 DD 10/22/92 A 3,228,270.00 .84 YLDANAL OCSF07522202 DISTRICT! LONG-TERM OPERATING YIELD ANALYSIS 2003/03/31 PAGE RUN DATE RUN TIME 11 04/08/03 I 09.36.44 =======================================================================================================================~===== PAR VALUE SECURITY ID SECURITY DESCRIPTION 1,6001000.00 ALLSTATE CORP SR NT 020002AL5 7.875t 05/01/2005 DD 05/01/00 TOTAL FIXED INCOME SECURITIES TOTAL YTM AT BOOK 7 .967 .801 • 760 CURRENT MOODY MARJCET YIELD S-P PRICE 7.049 Al 111.718 A+ 5.287 5.017 TOTAL COST/ MARKET VALUE 1,594,032.00 1,787,488.00 274,979,970.06 283,228,763.73 377,929,341.19 386, 205, 722 .14 t TYPE t TOTAL .63 .46 100.00 73.38 100.00 100.00 ==--.=-:= Book Page 55 Balance Orange County Sanitation District Investment Transactions and Balances in the State of California Local Agency Investment Fund March 31, 2003 Par Value Book Value Market Value March 1, 2003 $8,984,844 $8,984,844 $8,984,844 Deposits: 3/19/2003 13,000,000 13.000,000 13,000,000 Withdrawals: 3/5/2003 (2,000,000) (2,000,000) (2,000,000) 3/12/2003 ~6,500,000) (6,500,000} (6,500,000) Total Withdrawls (8,500,000) (8,500,000) (8,500,000) Balance March 31, 2003 $13,484,844 $13,484,844 $13,484,844 Book Page 56 Rate Yield 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 FAHR COMMl1TEE Meeting Date To Bel. of Dir. 05/14/03 05/28/03 AGENDA REPORT Item Number Item Number FAHR03-34 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources SUBJECT: Amended Deferred Compensation Plan GENERAL MANAGER'S RECOMMENDATION Adopt Resolution No, OCSD 03-XX, approving Amended Deferred Compensation Plan for Officers and Employees of the District. SUMMARY The District's Deferred Compensation Plan was amended in 1998 to comply with the Small Business Job Protection Act. At that time, the District added two providers for employees to choose from, bringing the total to three. Those providers are Lincoln National, VALIC and International City/County Management Association (ICMA) Retirement Corporation. The 1998 Plan included a loan program although it has not yet been implemented. The Human Resources Department has been working with the three carriers and anticipates offering the loan provision in the near future. A loan program would be advantageous to employees who do not qualify for a hardship withdrawal but need to secure financial assistance. The First Amendment to the 1998 District Deferred Compensation Plan was adopted in 2002 in order to incorporate the changes from the Economic Growth and Tax Relief Reconciliation Act of 2001. The most notable changes involved the amounts employees were allowed to contribute to the Plan. The Internal Revenue Service has recently issued final regulations that will again require changes to the Districts' Plan, and the Job Creation and Worker Assistance Act of 2002 included some technical corrections that must also be made. The District must now again amend the Deferred Compensation Plan in accordance with Internal Revenue Code Section 457, due to substantial changes in the regulations. The significant changes include guidance concerning certain changes, clarification of issues arising from the old regulations and resolution of certain long-standing issues that have not been addressed. The major changes included in the Amended Plan can be summarized as: • Addressing the treatment of excess deferrals • Including Plan termination as a distributable event • Including examples that limit the "unforeseeable emergency" withdrawal • Providing non-taxable loans if IRS code requirements are satisfied • Clarifying that plan-to-plan transfers are allowed and their impacts • Permitting deferral of accumulated leave pay or back pay under some conditions • Defining includable compensation for determining annual contribution limits. The attached memo from General Counsel provides more information on each of these changes. G:\wp.dta\agenda\FAHR\FAHR2003\0503\03-34.Deferred Comp.O.doc BookPage57 PROJECT/CONTRACT COST SUMMARY Costs are limited t0 mir:ior staff administrative costs such as providing dooumetlts and referring employees to the appropriate Third-Party Plan Administrator. There are no District contributions to the Deferred Compensation Plan. 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; will be included in budget for FY2003/2004. ~ Not applicable (information item) ADDITIONAL INFORMATION NIA ALTERNATIVES N/A CEQA FINDINGS NIA ATTACHMENTS 1. Resolution approving amendment to the deferred compensation plan for officers and employees. 2. General Counsel memorandum 3. Exhibit A -Deferred Compensation Plan Amendment Page2 Book Page 58 RESOLUTION NO. __ _ APPROVING AN AMENDED DEFERRED COMPENSATION PLAN FOR OFFICERS AND EMPLOYEES OF THE DISTRICT A RESOLUTION OF THE BOARD OF DIRECTORS OF ORANGE COUNTY SANITATION DISTRICT APPROVING THE ORANGE COUNTY SANITATION DISTRICT AMENDED DEFERRED COMPENSATION PLAN [2003] FOR OFFICERS AND EMPLOYEES OF THE DISTRICT WHEREAS, the Board of Directors has, pursuant to Resolution No. OCSD 98-36, adopted July 1, 1998, adopted a Deferred Compensation Plan, known as the Orange County Sanitation District Deferred Compensation Plan [1998], for eligible Employee Participants (hereinafter referred to as the "Plan"); and WHEREAS, the United States Congress enacted the Economic Growth and Tax Relief Reconciliation Act of 2001 ("2001 Act"), in part amending Internal Revenue Code Section 457 relating to Deferred Compensation Plans; and WHEREAS, the State Legislature has enacted Senate Bill 657 (Chapter 34, 2002 STATS.), amending the California Revenue & Taxation Code to conform to the similar provisions in the Internal Revenue Code Section 457; and WHEREAS, the Board of Directors has, pursuant to Resolution No. OCSD 02-12, adopted July 17, 2002, adopted the First Amendment to the Orange County Sanitation District Deferred Compensation Plan; and WHEREAS, subsequent to adoption of the First Amendment to the Orange County Sanitation District Deferred Compensation Plan, the U.S. Secretary of Treasury, acting through the Internal Revenue Service adopted final regulations implementing amendments to the Internal Revenue Code Section 457; and WHEREAS, the Board of Directors desires to amend the Plan in order to comply with and provide the benefits of the "2001 Act", and to comply with the final regulations of the Internal Revenue Service. NOW, THEREFORE, the Board of Directors of Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE, AND ORDER: Section 1 : That the Orange County Sanitation District Amended Deferred Compensation Plan (2003), as set forth in Exhibit "A", attached hereto and incorporated herein by reference as though set forth herein at length, is hereby adopted, as the restated and consolidated Deferred Compensation Plan of the District, superseding all previous plans and amendments of the District, and shall remain in effect until amended or terminated by Resolution of the Board of Directors. WS&S -#147203:05/29/02 1 Book Page 59 Section 2: Resolution No. OCSD 02-12 and the adopted First Amendment to the Orange County Sanitation District Deferred Compens~tion Plan are hereby repealed . PASSED AND ADOPTED at a regular meeting held _______ , 2002. Chair ATTEST: Board Secretary WS&S -#147203:05/29/02 2 BookPage60 LAW OFFICES OF WOODRUFF, SPRADLIN & SMART A PROFESSIONAL CORPORATION TO: FROM: DATE: RE: MEMORANDUM FAHR Committee Members Orange County Sanitation District General Counsel April 30, 2003 District's Amended Deferred Compensation Internal Revenue Code Section 457 Plan: Changes Due to the Economic Growth and Tax Relief Reconciliation Act of 2001 The Economic Growth and Tax Relief Reconciliation Act of 2001 ("2001 Act") was enacted by Congress and has had a substantial impact on the administration of Internal Revenue Code Section 457 ("Section 457") Deferred Compensation Plans. The State Legislature subsequently passed companion legislation (Chapter 34, 2002 STATS.), to provide that all the changes to Internal Revenue Code Section 457 are also allowed for State tax purposes. The most significant changes involve the amounts that may be contributed to a Section 457 Plan. Due to the 2001 Act, we reviewed and revised the Orange County Sanitation District's ("District") Section 457 Plan, and presented necessary changes that were approved by the Board of Directors Resolution No. OCSD 02-12 on July 12, 2002. However, at that time, the IRS had only issued proposed regulations. It has now issued final regulations and several changes to the District's Plan are now required. We have rewritten the entire Plan and will repeal all others to avoid confusion. The Board Resolution should be placed on the next possible Agenda for adoption. SUMMARY OF CHANGES TO THE PLAN As noted, the First Amendment to the 1998 Plan, which was adopted by the Board in July 2002, addressed most of the significant changes to the Internal Revenue Code and a few changes suggested by the proposed regulations of IRS. I provide the following summary of the additional changes required of our Plan, as a result of the final regulations promulgated by the IRS in late 2002. A. Section 4.7 This section now allows for an employee who could have participated in the Plan, but was called to active military service, for a period of a year or more, to defer the annual amount to which he/she would be otherwise eligible as an employee notwithstanding his absence for military duty. B. Section 4.8 This section is somewhat of a "senior citizen" provision and benefit, in that it allows participants who are eligible to make elective deferrals if they have attained age 50 before the close of the year, and to take advantage of additional contributions in an amount equal to and known as the "catch Book Page 61 Orange County Sanitation District April 30, 2003 Page 2 up provision." This allows for deferring sums that could have been, but were not deferred in prior years. C. Section 6.1 This section now provides for a specific detailed description of the authority of the Plan Administrator, who is the Human Resources Director, or such other person as specifically designated by the Board of Directors. Under the prior plans there was a broader and more general delegation of authority, and certainly the nature of the duties would be legally implied. However, with the new regulations, we now have detailed itemization of all of the powers and duties. D. Section 6.4 This section is a grant of an authority to be exercised, at the discretion of the District, to deduct miscellaneous fees incurred for the administration of the Plan, from either the trust fund in its entirety or from individual accounts, if legal, audit, insurance or trustee fees are required for the individual participant. History has indicated that these have never been a significant expense to the District, and while such deductions impliedly could have been made, it is preferable to have a specific provision in the Plan authorizing the deductions if they are, in fact, deserved. E. Section 8.3 This section declares that participants are able to direct the selection of his or her investments, by making the request known to the Plan Administrator. This section also provides that in such an event, the liability relating to non- performance or depreciation of the investment rests solely with the individual employee participant and no liability is placed upon either the District or the District's Administrator. F. Section 8.4 This section authorizes the employee participants to invest in the purchase of life insurance, and as with other investments, any risk attendant to such investment is placed solely on the employee participant. This is not a change in the law or in the substantive provisions of prior plans, but again is designed to specify in detail who has the risk. G. Section 10.8 This section is a significant change, and is a reflection of the final regulation so as to allow participants, or a beneficiary who is entitled to receive an eligible rollover distribution, to direct that it be paid to an eligible retirement plan, for example OCERS, in lieu of paying the amount to the participant or the beneficiary. Any employee may determine in his or her own way that the money, on deposit with the Deferred Compensation Plan, would be better served by rolling it over as a voluntary contribution to OCERS. However, this is all contingent upon OCERS having approved such programs. Book Page 62 Orange County Sanitation District April 30, 2003 Page 3 H. Section 12.5 This section is a significant change in that it s~ts forth that the District, as the employer, may authorize the Administrator to make loans from the trust fund to the participants. There are a number of specific required conditions to comply with, and the maximum amount of the loan shall not exceed $50,000 or the highest outstanding balance in the employee's account. The loans must have a specific maturity date, and bear a reasonable rate of interest, and shall not exceed five years except for loans to acquire a dwelling unit to be used as the principle residence of the participant. I. Section 15 This new section has been added to include within the Plan itself, a restatement of the applicable law on the subject, namely that the District, its Directors and its employees are immune from liability from any action taken, with respect to the Plan or trust, or the Administration thereof, except for gross negligence and willful misconduct. MISCELLANEOUS By separate memo, dated May 29, 2002, I provided, to the District, a summary of the major provisions relating to Deferred Compensation Plans, as set forth in the amendments to the Internal Revenue Code. Those included an outline of the change in the maximum amount of the contributions, the authorization for "catch up" relating to those employees who had failed to maximize the amount authorized for deferment in the given year, and the provision for qualified domestic relations order to clarify the respective rights of parties to a dissolution of marriage. That memo is readily available upon request by any member of the Board. TLW:jlo cc: Mr. B.P. Anderson Respectfully submitted, THOMAS L. WOODRUFF GENERAL COUNSEL Book Page 63 ORANGE COUNTY SANITATION DISTRICT AMENDED DEFERRED COMPENSATION PLAN [2003] ADOPTED MAY 28, 2003 SECTION 1: Background. The Board of Directors of the Orange County Sanitation District, pursuant to Resolution No. OCSD 98-36, adopted July 1, 1998, has adopted a Deferred Compensation Plan, known as the Orange County Sanitation District Deferred Compensation Plan [1998], for eligible Employee Participants (hereinafter referred to as the "Plan"). U.S. Congress enacted The Economic Growth and Tax Relief Reconciliation Act of 2001 ("2001 Act"), which provided numerous changes to the Internal Revenue Code relating to Deferred Compensation Plans for public agency employees. SECTION 2: Purpose. The primary purpose of the Plan is to attract and retain personnel by permitting them to enter into Plan Participation Agreements which will provide future payments in lieu of current income upon death, disability, retirement, or other termination of employment with the Employer. Neither the Plan, nor any provision of the Plan, shall be construed as either an employment agreement, or a right to be retained by the Employer. The Employer intends that the Plan satisfy the Internal Revenue Code Section 457 requirements for an "eligible deferred compensation plan." However, the Employer does not guarantee any tax benefits due to participation in the Plan, and each Participant should consult his or her own tax representative for information and advice on the tax ramifications of participation in the Plan. SECTION 3: Definitions. For the purposes of this Plan, certain words or phrases used herein will have the following meanings: 3.1 "Applicable Dollar Amount" shall mean the maximum amount of elective deferrals that a Participant in the Employer's Section 457 Plan may defer for the taxable year, as set forth in Section 4.2 (a) and (b). 3.2 "Category A Beneficiary" shall mean any individual designated as the beneficiary by the Participant, either pursuant to the Participation Agreement or pursuant to a later written election filed with the Employer before the death of the Participant. A trust may also be designated as a beneficiary under the Plan, under certain circumstances more specifically described in Subsection 10.6.2 belmv, but in that case the trust benef.fsia.ries The individual trust beneficiaries (as opposed to the trust itself), who may receive trust distributions on account of payments from the Plan shall be deemed to be the Category A Beneficiaries under the Plan, provided that as of the later of the date that the Participant submits to the Employer the election in which the Trust is named as a beneficiary or the Required Beginning Date. and as of all subsequent periods during which the trust is named as a beneficiary of the Plan, all of the following conditions are met: (1) 1 Book Page 64 the trust is a valid trust under State law; (2) the trust is irrevocable; (3) the beneficiaries of the trust can be identified from the trust instrumenti and (4) a copy of the trust instrument has been provided to the Employer. No other legal entity, such as a charitable foundation or the estate of the Participant, may be a Category A Beneficiary for the purposes of the Plan. As used herein. "Beneficiary" shall refer to either a Category A or Category B Beneficiary. [2003 Plan 1 3.3 "Category B Beneficiary" shall mean a beneficiary who is designated by the Participant in either the Participation Agreement or a later written election filed with the Employer before the Participant's death, and who is not a "Category A Beneficiary" within the meaning of Section 3.2 above. (Example: a legal entity other than a trust, such as a charitable foundation or the estate of the Participant.) (Examples: a trust not meeting the requirements of Section 3,2, a charitable foundation, or the estate of the Participant.) As used herein, "Beneficiary" shall refer to either a Category B or Category A Beneficiary. [2003 Plan] 3.4 "Deferred Compensation" shall mean the amount of compensation not yet earned, which the Participant and the Employer mutually agree shall be deferred in accordance with the provisions of this Plan. 3.5 "Deferred Compensation Investment Fund" shall mean the fund to which all Deferred Compensation is credited, as described in Section 6.2. 3.6 "Early Retirement' shall mean a termination of service with the Emplover which becomes effective on the first day of the calendar month after the Participant, not yet having attained Normal Retirement Age, meets the minimum age and/or service requirements, for voluntary retirement, specified in the Retirement Plan. 3.7 "Employee" shall mean any employee who is a director or officer who is a permanent, full time employee of the Orange County Sanitation District :..J! permanent, full-time or part-time employee, or an independent contractor acting in the capacity of a consultant to the District for a continuous and indefinite duration and was a Participant in the Plan on or before Januarv 1, 2002. [2003 Plan 1 3.8 "Employer" shall mean the Orange County Sanitation District, acting as Trustee for purposes of the Plan. [2003 Plan 1 3.9 "lncludible Compensation" (a term defined in Internal Revenue Code Section 457(e)(5) and Treasury Regulation Section 1.457-2(e)(2)) shall mean compensation for services performed for the Employer which is currently 2 Book Page 65 includible in gross income. Accordingly, a Participant's includible compensation for a taxable year does not include any amount payable by the Employer that is excludable from the Participant's gross income under Internal Revenue Code section 457(a) and Treasury Regulation Section 1.457-1 (including but not limited to this Plan), Internal Revenue Code section 403(b), or other applicable federal income tax laws. The amount of lncludible Compensation shall be determined without regard to any community property laws. 3.10 "Investment Account" shall mean a book account for the individual Participant, as more fully described in Section 6.3. 3.11 "Late Retirement" shall mean a termination of service with the Employer which becomes effective after the date on which the Participant has both exceeded the Normal Retirement Age and met the service requirements to effect a Normal Retirement. 3.12 "Maximum Annual Deferral" shall mean the overall maximum annual dollar amount (except for roll-over amounts) that a Participant in the Employer's Section 457 Plan may defer pursuant to Sections 4.2 and 4.3 of the Plan. 3.13 "Normal Retirement" shall mean a termination of service with the Employer which becomes effective on the first day of the calendar month after the Participant attains Normal Retirement Age and meets any the minimum age and/or service requirements necessary for voluntary retirement, specified in the Retirement Plan. 3.14 "Normal Retirement Age" shall mean the age at 'A'hich the Participant has met the requirements for Normal Retirement specified in the Retirement Plan contract between the Employer and the Board of Administration of the Orange County Employees' Retirement System; provided, however, that a Participant who continues to work for the Employer after attaining Normal Retirement Age may elect, for the purposes of Section 4.3 below, an alternate Normal Retirement Age, which may be an age greater than age 70%, but which shall be a date or age not later than either (a) any mandatory retirement age specified by the Employer, or (b) the date or age at which the Participant actually separates from service with the Employer. The Participant shall make any such election by delivering to the Employer, prior to separation from service with the Employer, written notice specifying the chosen alternate Normal Retirement Age. Nothing in this Section 3.14 shall be construed to mean that the Employer has imposed a mandatory retirement age or that the Participant has agreed to retire at a designated age. 3 BookPage66 3.15 "Participant" shall mean an Employee who has elected to participate in the Plan. 3.16 "Participation Agreement" shall mean the agreement which is executed by the Employee and filed with the Employer in accordance with Section 4, and pursuant to which the Employee elects to become a Participant in the Plan and defers a portion of his income. 3.17 "Plan" shall mean the Orange County Sanitation District Amended Deferred Compensation Plan, as established hereunder. 3.18 "Plan Administrator" or "Administrator" shall mean the District's Director of Human Resources, or such other person designated and appointed by adopted Resolution or Minute Order action of the Board of Directors, as defined in Section 6. 1 of the Plan. [2003 Plan l 3. 19 "Plan Year" shall mean the calendar year. 3.20 "Qualified Domestic Relations Order (QDRO")" is a judgment, decree, or order (such as an order approving of a property settlement agreement) which that (1) relates to the provision of child support, spousal support, or marital property rights to a spouse, former spouse, child, or other dependent of a Participant; and (2) creates or recognizes the existence of an alternate payee's right to receive all or a portion of the Participant's Investment Account. [2003 Plan] 3.21 "Required Beginning Date" shall mean the latest date that distributions are permitted to commence under Section 10.3. 3.22 "Retirement Plan" shall mean the retirement plan of the Orange County Employees' Retirement System, which is governed by the County Employees Retirement Law of 1937 (California Government Code Section 31450 et seq.) and is made available to the employees of the Employer pursuant to contract. 3.23 "Salary" shall mean the full, regular, basic salary which would be paid by the Employer to or for the benefit of the Employee (if he were not a Participant in the Plan) for actual services for the period that he is a Participant. 3.24 "Termination of Service" shall mean the severance, prior to retirement and other than by death, of the Participant's employment with the Employer. For an independent contractor. termination of service shall mean the expiration of the contract (or contracts) under which services are perfo_rmed for the Employer. provided that the expiration constitutes a 4 Book Page 67 good-faith and complete termination of the contractual relationship as defined in Code Section 457 and the Regulations thereunder. [2003 Planl 3.25 "Unforeseeable Emergency" shall mean a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of a dependent (as defined in Internal Revenue Code Section 152(a)) of the Participant, loss of the Participant's property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The circumstances that will constitute an Unforeseeable Emergency will depend upon the facts of each case. Examples of what are not considered to be Unforeseeable Emergencies include the need to send a Participant's child to college or the desire to purchase a home. SECTION 4: Participation in the Plan. 4.1 Any Employee designated by the Employer to be eligible may elect to become a Participant in the Plan by executing and filing a Participation Agreement with the Employer. An election to participate in the Plan and to defer compensation under the Plan shall become effective with respect to compensation earned by the Participant during the period commencing with the beginning date of the first pay period in the month following the month in which the Employer consents to and approves of the Participation Agreement. Such Participation Agreement and election to defer compensation shall continue thereafter in full force and effect unless and until terminated by the Participant as provided in Section 4.4, Section 10.4 or Section 11. 4.2 Each Participation Agreement shall specify the amount of compensation, either by dollar amount or by percentage of Salary, which is to be deferred pursuant to the Plan and to be withheld out of the Salary otherwise payable to the Participant for each pay period. The amount deferred each year may not exceed the lesser of: (a) The "applicable dollar amount" determined in accordance with the following table: Taxable Year Applicable Dollar Amount 2002 $11,000 2003 $12,000 5 Book Page 68 4.3 2004 $13,000 2005 $14,000 2006 or thereafter $15,000 [2003 Plan] 1 (b) One Hundred Percent (100%) of the Participant's lncludible Compensation, or Gf {gl_ be less than Three Hundred Dollars ($300.00) each year. This Three Hundred Dollar ($300.00) limitation shall not be applied to any Participant who is paid less than $1,200.00 per year for services rendered to the Employer. Notwithstanding the provisions of Section 4.2 herein, during any or all of the last three (3) taxable years ending before a Participant attains Normal Retirement Age (or the alternate Normal Retirement Age chosen pursuant to Section 3.14 above, the maximum amount which may be deferred annually shall be the lesser of: (a) Twice the dollar amount in effect in Subsection 4.2(a) for the taxable year; [2003 Plan] or (b) The sum of: (i) The maximum deferral amount established for the purposes of Section 4.2 for the taxable year (determined without regard to this Section 4.3), plus (ii) The maximum deferral amount established in Section 4.2 for any prior taxable year or years, less the amount of compensation deferred under the Plan, for such prior taxable year or years, pursuant to either Section 4.2 or this Section 4.3. A prior taxable year shall be taken into account under subdivision (ii) only if: (a) it begins after December 31, 1978; (b) the Participant was eligible to participate in the Plan during all or any portion of the taxable year; and (c) compensation deferred (if any) under the Plan during the taxable year was subject to the maximum deferral amount 1 Cost-of-Living adjustments: In the case of taxable years beginning after December 31 ,2006, the Secreta'): [of the Treasury] shall adjust the $15,000 amount (A) at the same time and In the same manner as under Internal Revenue Code Section 415(d), except that the base period shall be the calendar quarter beginning July 1, 2005, and any increase under this section which is not a multlple of $500 shall be rounded to the next lowest multiple of $500. /2001 Amendment] 6 Book Page 69 under Section 4.2 herein. A Participant will be considered to have been eligible to participate in the Plan for a taxable year if the Participant was an Employee for any part of that taxable year. A prior taxable year includes a taxable year in which the Participant was eligible to participate in an Internal Revenue Code section 457 eligible deferred compensation plan sponsored by an entity other than the Employer, provided that such other entity is located in the State of California. 4.4 A Participant may terminate his election to defer compensation under the Plan by executing and filing with the Employer a written notice at least thirty (30) days prior to the effective date of termination. In the event a Participant ceases to qualify under Section 3 hereof as a Participant, his election to defer compensation shall automatically terminate on the same date as he becomes ineligible. A Participant (including a former Participant who is again eligible to participate) may not resume the deferral of compensation during the calendar month in which termination occurred; however, he may elect to resume the deferral of compensation in subsequent calendar months after a lapse of not less than three (3) months. No amounts shall be payable to an Employee upon the termination of deferral of compensation, unless otherwise provided for in either Section 10 or Section 11. 4.5 A Participant may change the amount of compensation to be deferred in a subsequent calendar month by executing and filing notice with the Employer at least thirty (30) days prior to the beginning of such month; provided, however, that such change may be made not more than four (4) times in a calendar year. 4.6 In applying the provisions of this Section 4, amounts deferred shall be taken into account at present value in the Plan Year in which deferred. 4. 7 For anv taxable year that a Participant has a period of qualified military service as described in Section 414{u)(2)(A) of the Internal Revenue Code, the Participant mav. over the period described in Section 414(u)(2)(A)(i) of the Code defer the amount that he or she could have deferred during any such period of qualified military service, had the Participant performed services for the Employer and received includable compensation from the Employer during such period as described in Section 414(u)(7) of the Code based on the rate of compensation the Participant would have received fro.m the Emplover, but for the period of military service, to the extent required by and in accordance with the Uniformed Services Employment and Re- employment Rights Act of 1994. [2003 Planl 7 Book Page 70 4.8 Notwithstanding the provision of Section 4.2 herein, all Participants who are eligible to make elective deferrals under this Plan and who have attained age 50 before the close of the year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan implementing the required limitations of Sections 402(g) and 415 of the Code. These catch up contributions shall only be available in years in which the catch-up contribution. pursuant to this Section, exceeds the amount permitted to be contributed pursuant to Section 4.3. [2003 Plan 7 4.9 To the extent required by Treasury Regulations, in the event that a Participant defers more than the maximum amount permitted under Sections 4.2. 4.3, and 4.8 of this Plan, such excess amounts (''Excess Deferrals") will be distributed to the Participant. with allocable net income. as soon as administratively practicable after the Plan determines that the amount is an Excess Deferral. [2003 Plan 7 SECTION 5: De.ferral of Compensation. During the period of participation, the Employer shall not pay the Participant his full Salary, but shall defer payment of such part of his Salary as is specified by the Participant in the Participation Agreement, which has been executed and filed with the Employer. 6.1 SECTION 6: Administration of the Plan. The Employer shall have full authority and po'Ner to adopt the rules and regulations for the administration of the Plan, and to interpret, amo-nd, alter and revoke any rules and regulations so adopted. The actions of the Employer::, with respect to the Plan and the administration of the Plan, shall 9e presumed to be fair reasonable, and impartial, and the Employer shall be deemed to have e-xerclsed reasonable care, diligence anci-J*udenoe, unless the contrary is proven by affirmative evidence. The Emplover shall. by Resolution of.its Board of Directors, appoint a person or persons to act as the Administrator of the Plan (the "Administrator"). The Administrator shall have full authority and power to adopt the rules and regulations for the administration of the Plan, and to interpret, amend. alter, and revoke any rules and regulations so adopted. The actions of the Employer and of the Administrator, with respect to the Plan, and the administration of the Plan, shall be presumed to be fair. reasonable, and impartial, and the Employer and the Administrator shall be deemed to have exercised reasonable care, diligence. and prudence, unless the contrary is proven bv affirmative evidence. The Administrator, 8 Book Page 71 pursuant to a delegation from the Emplover, shall have authority to control and manage the operation and administration of the Plan. The Administrator shall have all powers necessary to exercise its authority and discharge its responsibilities, including. but not by way of limitation, the following: l!!1 To construe and interpret the Plan and determine all questions relating to the eligibility of employees to participatej fl21 To maintain all necessary records for the administration of the Plan other than those maintained by third parties; f£1 To compute and certify the amount and kind of benefits payable to Participants and Beneficiaries; fs!1 To authorize and direct all disbursements and distributions from the Trust; &] To make and publish such rules for the regulation of the Plan as not inconsistent with the terms hereof; {!1 To employ one or more persons to render advice with regard to any responsibility any fiduciary has under the Plan; fHl. To prescribe administrative policies and procedufes; fll1 To receive from the t=mployer and the Employee such information and prescribe the use of such forms as shall be necessary for the proper administration of the Plan; {i1 To prepare and distribute. in such manner as the Administrator determines to be appropriate. information explaining the Plan; {j1 To furnish the Employer. upon request, such annual reports with respect to the administration of the Plan as are reasonable and appropriatej f.!s1 To receive and review reports of the financial condition and of the receipts and disbursements of the Trust; 9 Book Page 72 fll To delegate any duty or power; (m) To appoint or employ for the Plan any agents it deems advisable, including but not limited to, brokers, investment advisors, accountants, or legal and actuarial counsel, to assist the Administrator in discharging its duties hereunder; {!1l. To administer a Participant Loan Program as provided in Section 12.5 of the Plan; {Rl. To exercise any power delegated to it bv the Trustee pursuant to Section 8.2 of the Plan; and f.121 To appoint or emplov an independent certified pubUc accountant to prepare reports of the Plan, as required bv law, and for general audit purposes. {2003 Plan 7 6.2 The Employer shall establish a Deferred Compensation Investment Fund to which all Deferred Compensation shall be credited at such times as the amounts deferred would have been payable to the individual Employee if he were not a Participant in the Plan. 6.3 The Employer shall maintain a book account (the "Investment Account") for each Participant, to which shall be credited the Deferred Compensation of the individual Participant. The Participant's Investment Account shall be credited with the earnings thereof, if any, and shall be credited or debited, as the case may be, with the net amount of any gains or losses which may result from the investment of all or any portion of the amount in the Participant's Investment Account. The Employer, its directors, officers and employees, shall not be liable for any losses on any investment credited to any Investment Account. On a quarterly basis, the Employer shall credit the earnings and/or gains and debit the losses on each Investment Account. Such credits and debits shall be made, and the final quarterly balance of the Investment Account shall be posted, as of the last day of each quarter. 6.4 All administrative expenses with respect to the Plan, including but not limited to, legal and consulting fees, audit fees. insurance and trustees fees, if any. may, in the discretion of the Employer, be charged to and deducted from the Trust Fund. Notwithstanding the lack of a provision specifically providing for the charging of an expense incurred by the Plan or Trust with respect to a Participant, all expenses incurred by the Plan or Trust with respect to a Participant may be recovered from such Participant or such Participant's Account in accordance with the 10 Book Page 73 procedures established by the Administrator. [2003 Plan] SECTION 7: Return of Contributions. If an Employer contribution is made by virtue of a mistake of fact. Paragraph 9 shall not prohibit the return of such contribution to the Employer within one (1) year after the payment of the contribution. [2003 Plan 1 SECTION 8; Declaration of Trust. 8.1 Notwithstanding the provisions of Section 6, all Deferred Compensation credited to the Deferred Compensation Investment Fund, all property and rights purchased with amounts credited to the Deferred Compensation Investment Fund, and all income attributable to such amounts, property, or rights (collectively, the "Trust Estate") shall be held, by the Employer as trustee, in trust for the exclusive benefit of the Participants and their beneficiaries, per the terms and conditions of Section 8.2 below. Except as provided in Section 7 Ne no portion of the Trust Estate shall revert to the Employer or be used or diverted to purposes other than the exclusive benefit of the Participants and their beneficiaries. 8.2 The Employer1 as trustee, and in accordance 1Nith applicable law shall be the Trustee. As Trustee, and in accordance with applicable law. the Employer, {or if the Employer delegates these functions to the Administrator. the Administrator) [2003 Planl: (a) shall have the power to invest and reinvest the Trust Estate in all assets permitted under Government Code section 53609; (b) shall have the power to retain in cash, without obligation for interest, such portion of the Trust Estate as it may deem (i) advisable to meet Plan obligations, or (ii) to be in the best interests of the Plan; (c) shall have the power to retain, manage, operate, administer and otherwise deal with the Trust Estate in such manner as it deems appropriate; (d) shall have the power to transfer, sell, exchange, redeem and dispose of the assets of the Trust Estate, in any manner and at any time, by private or public sale or otherwise; (e) shall have the power, with respect to the assets of the Trust Estate, to exercise all the rights of an individual owner, including, but not limited to, the power to give proxies, to participate in any voting trusts, 11 Book Page 74 mergers, consolidations or liquidations, and to exercise or sell stock subscriptions or conversion rights; (f) shall have the power to hold, authorize the holding of, and register any assets of the Trust Estate in any manner permitted by law; (g) shall have the power, in its discretion, to compromise, contest (whether through legal proceedings or otherwise), arbitrate, or abandon claims and demands on behalf of the Trust Estate and/or the Plan, and to commence, maintain or defend the Trust Estate and/or the Plan in suits or legal proceedings; (h) shall have the power to employ brokers. consultants, accountants, depositories, agents and legal counsel on behalf of the Trust Estate and/or the Plan; (i) shall have the power to open, maintain and close any bank account(s), in any federally insured financial institution permitted by law, in the name of the Plan, the Employer or, to the extent permitted by law, any nominee or agent of the Plan or the Employer; (j) shall have the power to charge to, and pay from, the Trust Estate: (i) any taxes levied or assessed upon or in respect to the assets of the Trust Estate, (ii) any commissions and similar expenses with respect to the assets of the Trust Estate, (iii) the reasonable compensation of any third-party manager or administrator utilized by the Employer in the management or administration of the Trust Estate and/or the Plan, and (iv) the reasonable expenses of such third-party manager or administrator or the Employer incurred in connection with Trust Estate and/or Plan management or administration (including, but not limited to, legal, accounting, investment and custodial services); (k) shall pay benefits to Plan Participants and their beneficiaries, in cash or in kind or partly in each, in accordance with the terms hereof; (I) shall have the power: (i) to retain any funds or property subject to any dispute, without liability to pay interest, (ii) to decline to make payment or delivery of the funds or property until final adjudication of the dispute is made by a court of competent jurisdiction, and (iii) to charge an Investment Account with the Employer's Employee's legal expenses and costs incurred due to a dispute concerning that Investment Account; 12 Book Page 75 (m) shall have the power to make Participant loans, as described in Section 12.5; (n) shall administer the Plan and the Trust Estate as described in Section 6 and this Section 8; (o) shall have the discretion: (i) to make limited investment options available to the Participant and to change those investment options from time to time, (ii) to eliminate an investment option, even if all or a portion of a Participant's Investment Account is already invested therein, with the result that such amount must be reinvested in another, permitted, investment), and (iii) to invest the amounts in a Participant's Investment Account either as requested by the Participant, or as otherwise determined by the Employer; (p) shall not be required to invest the amounts in the Trust Estate; however, it is the Employer's intent to invest and reinvest such amounts in a manner intended to increase the same, and the net interest, accumulation and increments thereon shall be credited to, and held in, the Trust Estate for the exclusive benefit of the Participants and their beneficiaries; the Employer shall not be responsible for any loss due to the investment or failure of investment of such assets; nor shall the Employer be required to replace any loss whatsoever which may result from said investments; and (q) shall have the power to make, execute, acknowledge and deliver any and all instruments necessary or proper for the accomplishment of, and to do any and all other acts that it may deem necessary or appropriate to carry out, the foregoing powers. 8.3 If the Administrator permits Participants and Benefici;Jries to direct the selection of investments with respect to his/her own accounts pursuant to Section (8.2{o)), then the Participant or Beneficiary shall be solely responsible for the results of the investment of their account and the Administrator and the Trustee shall be relieved of liability for such investments. No action of the Emplo.yer or Administrator shall be considered an endorsement or guarantee of any investment or fund, and neither the Employer nor the Administrator shall be treated as having guaranteed the Participant's accounts or investments, or any part thereof, against loss or depreciation nor promise any results. Neither the Employer nor its Directors or agents or employees, shall be liable to anv Participant or Beneficiary for any results or losses from any investments election directed by such Participant or Beneficiary, and all Participants and Beneficiaries shall hold the Employer. its 13 Book Page 76 Directors, agents, and employees harmless from anv costs, liabilitiBc.s, or losses arising from such investment choices. [2003 Plan 1 8,4 The Employer mav permit Participants and Beneficiaries to elect to invest all or a portion of their accounts in one or more life insurance contracts, provided that such Participant or Beneficiary shall be solely responsible for such decision. Further. as a condition to permitting such investment, the Administrator may require that anv Participant or Beneficiary who chooses to invest in life insurance must separately agree in writing to hold the Employer, its Directors, agents. and employees. harmless from any costs, liabilities, or losses arising from investment in life insurance contracts. [2003 Planl SECTION 9: Plan Benefits. Deferred Compensation benefits are payable on the happening of any of the following events: (a) Normal Early Retirement of a Participant; (b) bate Normal Retirement of a Participant; 1£1 Late Retirement of a Participant; (c fl) Termination of Service of a Participant; or (d !!_) Death of a Participant who dies either before or after Deferred Compensation payments commence, and before the entire amount of his Investment Account is paid. SECTION 10: Distribution of Benefits. 10.1 Termination of Employment by Retirement. The Participant is eligible to receive distributions of benefits, with respect to retirement, after the Participant has met the requirements for Normal Retirement and has retired from service with the Employer. The Participant may submit to the Employer an application for distribution of benefits under the Plan as early as the date he notifies the Employer of his intended retirement and as late as thirty (30) days following the actual date of termination of employment due to retirement. Pursuant to such application, the Participant shall elect one of the benefits described below, expressed in terms of both payment option and commencement date option. Except as otherNise provided in Subsection 10.1.3, the commonoement date portion 0f such election shall become irrevocable upon the lapse of the thirtieth (30th) day follo•.-,.iing terminatieA-Gf. 14 Book Page 77 employment 'Nith the Employer due to retirement Notwithstanding anything to the contrary in this Plan, effective as of January 1, 2002, Participants who hav,e made payment elections. may revoke existing payment elections and make new elections or elect to defer all remajning benefits. provided that any such new election or deferral must meet the requirements of Section 10.7.4 and Section 401(a)f9) of the Code and the regulations thereunder. There shall be no limit on the number of times that a Participant may revoke or modify an existing election to receive installment payments. (2003 Planl 10.1.1 Options. Following the Participant's termination of employment due to retirement and the receipt of such application, the Employer shall pay to the Participant one of the following benefits (expressed in terms of both payment option and commencement date option) as elected by the Participant: A. PAYMENT OPTION - (1) Options: (a) Consecutive ~ monthly regular payments paid no less frequently than annually (i.e., monthly, quarterly. or annually) over a period of 36 months to 180-months certain, as determined by the Participant; provided, however, that any such period certain may not extend beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Category A Beneficiary. (b) Consecutive equal monthly regular payments paid no less frequently than annually (i.e., monthly, quarterly. or annually) for the life of the Participant or for the lives of the Participant and his Category A Beneficiary. (c) Annuity payments pursuant to an annuity that is offered by a Plan provider providing services to the Employer and that is structured so as to comply with all applicable provisions of the Internal Revenue Code, the Treasury Regulations and all other applicable laws. (d) A single payment equal to the balance of the Participant's Investment Account. 15 Book Page 78 ( e) A single lump-sum payment in an amount to be determined by the Participant, with the remainder of the Participant's Investment Account to be paid under payment option (a), payment option (b), or payment option (c) above. (2) Modified or Delayed Election: In vears prior to January 1, 2002, +--1f1e Participant may modify his payment option election at any time until the date which is thirty (30) days before the commencement date as finally determined pursuant to Subsection 10.1.1, 10.1.2, or 10.1.3, as applicable (the "Final Commencement Date"). Or, the Participant may choose to defer making a payment option election altogether, until a date as late as thirty (30) days before the Final Commencement Date. In vears prior to January 1. 2002, +AiRy thirty (30) days before the Final Commencement Date, the most recent payment option election on file with the Employer shall become irrevocable. If there is no payment option election on file with the Employer at that time, the Employer shall pay the sum in the Participant's Investment Account to the Participant according to payment option (d) above, on the Final Commencement Date in consecutive regular monthly payments beginning on the Final Commencement Date and continuing for the life of the Participant. [2003 Plan 1 B. COMMENCEMENT DATE OPTION - (a) The first day of the third calendar month following the month in which termination of employment occurs, or The date which is thirty (30) days following termination of employment due to retirement, or (b) The first day of a later month as designated by the Participant. A later date which is the first day of a calendar month. In the case of payment option (e) above. the lump sum must be paid on the same date that the first payment over time is paid. In the case of payment option (e) above, the lump sum must be paid on the same date that the first payment over time is paid. 16 Book Page 79 C. LIMITATIONS - The foregoing options are limited by, and these payments shall be made subject to, the provisions of Sections 10.3, 10.5, 10.6 and 10.7 hereof. The total amount of any benefits paid pursuant to payment options (a) through (e) above shall not exceed the sum of the amounts deferred by the Participant, as adjusted for any earnings or losses thereon. 10.1.2 Default Election. Should the Participant fail to elect one of the benefits hereunder by way of an application for retirement benefits filed with the Employer Within thirty (30) no later than fifteen (15) days after retirement, the Employer shall pay the sum in the Participant's Investment Account according to the "Benefit A" election previously made pursuant to either the Participation Agreement or a modification thereof. However, if there is no such previous election, then the Employer shall pay the sum in the Participant's Investment Account according to payment option (d) above on the Required Beginning Date. to the Participant in consecutive, regular monthly payments, beginning on the Required Beginning Date and continuing for the life of the Particlpant. 10.1 .3 One-Time Change in Commencement Date Election. For distributions made on or after January 1, 1997. and prior to January 1. 2002, N,notwithstanding anything to the contrary in this Section 10.1, the Participant may, at any time after tho first day of tho third calendar month follo1Ning the month in which termination of employment occurs, ~ !!1S!!J!. than thirty (30) days after termination of employment due to retirement, and at least thirty (30) days before the scheduled commencement date, pursuant to either Subsection 10.1.1 or the Benefit "A" election on file with the Employer as of the date of retirement, elect to further defer the commencement date, to a date later than that previously elected (but not later than the Required Beginning Date). The Participant may exercise his or her right, under this Subsection 10.1.3, to file a changed commencement date election only once. 10.2 Termination of Emolovment Prior to Retirement. Following the Termination of Service of a Participant, the Employer shall pay to the Participant the benefit elected by the Participant pursuant to either (a) "Benefit B" of the Participation Agreement submitted by the Participant at the time of election to participate in the Plan or (b) a later written election delivered to the Employer within no later than thirty (30) days following Termination of 17 Book Page 80 Service. Except as otherwise provided in Subsection 10.2.3 below, the commencement date portion of the latest such election filed with the Employer shall become irrevocable upon the lapse of the thirtieth (30th) day following Termination of Service. 10.2.1 Options. A. PAYMENT OPTION - (1) Options: (a) Consecutive equal monthly payments over a period of 36 months to 180 months, regular payments paid no less frequently than annually (i.e.. monthly, quarterly, or annually) over a period certain, as determined by the Participant; provided, however, that any such period may not extend beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Category A Beneficiary. (b) Consecutive equal monthly regular payments paid no less frequently than annually (i.e., monthly, quarterly, or annually} for the life of the Participant or for the lives of the Participant and his Category A Beneficiary. (c) Annuity payments pursuant to an annuity that is offered by a Plan provider providing services to the Employer and that is structured so as to comply With all applicable provisions of the Internal Revenue Code, the Treasury Regulations and all other applicable laws. ( d) A single payment equal to the balance of the Participant's Investment Account. (e) A single lump-sum payment in an amount to be determined by the Participant, with the remainder of the Participant's Investment Account to be paid under payment option (a), payment option (b ), or payment option (c) above. (2) Modified or Delayed Election: 18 Book Page 81 The Participant may modify his payment option election at any time until the date which is thirty (30) days before the commencement date as finally determined pursuant to Subsection 10.2.1, 10.2.2, or 10.2.3, as applicable (the "Final Commencement Date"). Or-, the Participant may choose to defer making a payment option election altogether, until a date as late as thirty (30) days before the Final Commencement Date. Thirty (30) days before the Final Commencement Date, the most recent payment option election on file with the Employer shall become irrevocable. If there is no payment option election on file with the Employer at that time, the Employer shall pay the sum in the Participant's Investment Account to the Participant according to payment option (d) above, on the Final Commencement Date. in consecutive, regular monthly payments, beginning on the Final Commencement Date and continuing for the life of the Participant. Effective for Terminations of Service occurring on or after January 1, 2003, should the Participant fail to make an election hereunder no later than thirty (30) days after Termination of Service, then the Participant sha/I be deemed to have elected to defer commencement of distributions until the earlier of (a) the date that the Participant elects to receive distributions; or (b) the date that distributions are otherwise required by the provisions of this Plan under Section 401(a)(9) of the Code and the regulations thereunder. in which case, payment shall be made as required in Section 10.7.4. (2003 Planl B. COMMENCEMENT DATE OPTION - (a) The first day of the third calendar month following the month in which termination of employment occurs or The date which is forty-five (45) days following Termination of Service; or (b) The first day of a later month as designated by the Participant. A later date which is the first day of a calendar month. In the case of payment option (e) above, the lump sum must be paid on the same date that the first payment over time is paid. 19 Book Page 82 C. LIMITATIONS - The foregoing options are limited by, and these payments shall be made subject to, the provisions of Sections 10.3, 10.5, 10.6 and 10.7 hereof. The total amount of any benefits paid pursuant to payment options (a) through ( e) above shall not exceed the sum of the amounts deferred by the Participant, as adjusted for any earnings or losses thereon. 10.2.2 Default Election. Should the Participant fail to elect one of the benefits hereunder either pursuant to the "Benefit B" provisions of the Participation Agreement or pursuant to a subsequent written election delivered to the Employer witRiR !12 later than thirty (30) days after Termination of Service, then the Employer shall pay the total amount in the Participant's Investment Account to the Participant in a single lump sum on the first day of the third calendar month fe.l.leiNing the month in which Termination of Service occurs. In no event, however, shall such payment occur later than the Required Beginning Date. in consecutive. regular monthly payments, beginning on the date which is forty-five (45) days following Termination of Service and continuing over the life of the Participant. Effective for Terminations of Service occurring on or after January 1, 2003, should the Participant fail to elect one of the benefits hereunder either pursuant to the Benefit "B" provisions of the Participation Agreement or purs.uant to a subsequent written election delive~ed to the Employer no later than thirty (30) days after Termination of Service, then the Participant shall be de_emed to have elected to defer commencement of distributions until the earlier of la) the date that the Participant elects to receive distributionsj or (b) the date that distributions are otherwise required by the provisions of this Plan under Section 401 (a)(9) of the Code and the regulations thereunder in which case payments shall be made as required in Section 10¥7.4. [2003 Planl 10.2.3 One-Time Change in Commencement Date Election. Not'llithstanding Effective for Termination of Service on or after January 1, 1997 and prior to January 1, 2002 [2003 Planl and notwithstanding anything to the contrary in this Section 10.2, the Participant may, at any time after the first day of the third calendar montl::i follo1Ning the month in which more than forty-five (45) davs following Termination of Service occurs, and at least thirty (30) days before the scheduled commencement date, pursuant to either Subsection 10.2.1 or the Benefit "B" election on file with the Employer as of the date of Termination of Service, elect to further defer 20 Book Page 83 the commencement date, to a date later than that previously elected (but not later than the Required Beginning Date). The Participant may exercise his or her right, under this Subsection 10.2.3, to file a changed commencement date election only once. 10.3 Required Beginning Date of Distributions. Notwithstanding any o~ provision of the Plan,. payments under Sections 10.1 and 10.2 shall begin no later than the later of: (a) April 1 of the calendar year following the calendar year in 'A'hich the Employee attains age 701~; or {b) April 1 of the calendar year follm•,ring tho calendar year in v.1hich tho ~ployee retires. Required Distributions. Notwithstanding any other provision of the Plan: l!lJ. Payments under Sections 10. 1 and 10.2 shall begin no later than the later of: (i) April 1 of the calendar year following the calendar year in which the Employee attains age 70-112: or (ii) April 1 of the calendar vear following the calendar year in which the Employee retires; fl21. With respect to distributions under the Plan made on or after January 1, 2001, the Plan will applvthe requirements of Section 401 (a)(9) of the Code in accordance with the proposed regulations under Section 401(a)(9) that were issued in 2002 and with respect to distributions under the Plan made on or after January 1, 2002, the Plan will apply the requirements of Section 401(a)(9) of the Code In accordance with the final regulations under Section 401 (a)(9) that were issued in 2002. and as may be subsequently amended. (2003 Planl 10.4 Acceleration of Payment of Small Investment Accounts. Notwithstanding the provisions of Sections 10.1 and 10.2 above, a Participant may elect to receive the full balance of his or her Investment Account at any time, but only on the following conditions: (a) the balance of the Investment Account does not exceed the maximum amount permitted under Internal Revenue Code section 457(e)(9) (or a successor provision) at the time of the withdrawal; (b) no amount has been deferred under the Plan with respect to the 21 Book Page 84 Participant during the two-year period ending on the date of the distribution; and (c) there has been no prior distribution to the Participant under this Section 10.4 (i.e., the acceleration right can be exercised only once). Any distribution under this Section 10.4 shall be deemed a termination of participation in the Plan. The (former) Participant may re-elect to participate in the Plan, pursuant to Section 4.1, after a lapse of at least three (3) months after the date of distribution under this Section 10.4. 10.5 Lifetime Distribution Requirements. The distributions under this Plan must be made primarily for the benefit of the Participant and the schedule elected by the Participant for payment of benefits under Sections 10.1 and 10.2 of the Plan must be such that benefits payable to a beneficiary are not more than incidental, according to the applicable Treasury Regulations. Payments under those sections shall be distributed over the life of the Participant or over the lives of the Participant and a Category A Beneficiary (or over a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and a Category A Beneficiary), in accordance with the Treasury Regulations under Internal Revenue Code section 401 (a)(9). In addition, as required by Internal Revenue Code section 401 (a)(9)(G), and except as otherwise provided in Section 10.7 below, all distributions shall be made in accordance with the incidental death benefit requirements of Internal Revenue Code section 401 (a). As more fully described in the applicable Treasury Regulations, as promulgated pursuant to the authority of Internal Revenue Code section 401 (a)(9), this means that distributions must be made in accordance with a certain formula designed to ensure that the entire Investment Account of the Participant is distributed over a period of time not to exceed the joint life and last survivor expectancy of the Participant and a Category A Beneficiary who is not more than ten years younger than the Participant. 10.6 Death of Participant. In the event of the death of the Participant, either before or after termination of employment (by retirement or otherwise), and before the entire amount of his Investment Account has been distributed, the Employer shall distribute the amount then remaining in the Participant's Investment Account pursuant to Subsections 10.6.1 through 10.6.3 below. 10.6.1 When Participant Dies on or after the Required Beginning Date and after Distributions Have Begun. If distributions have already begun during a Participant's lifetime, and the Participant dies on or after the 22 Book Page 85 Required Beginning Date and before the entire amount of his Investment Account has been distributed, then the remaining portion of the Participant's Investment Account shall be distributed, as elected by the Participant, pursuant to either the "Benefit C" provisions of the Participation Agreement or a later written election delivered to the Employer before the death of the Participant, unless the Participant's election would permit distributions to be made less rapidly after death than under the method of distribution being used as of the date of death. In order to comply with Internal Revenue Code section 401 (a)(9), distributions (under this Subsection 10.6.1) after death must be made at least as rapidly as under the method of distribution being used as of the date of death. 10.6.2 When Participant Dies either before the Required Beginnind Date or before Distributions Have Begun. If a Participant dies either before the Required Beginning Date or before distribution of his Investment Account has begun, and, if any portion of the Investment Account is payable to (or for the benefit of) a Category A or B Beneficiary, then the Employer shall pay such portion as follows - A. CATEGORY A BENEFICIARIES- (1) Category A Beneficiary Other than Surviving Spouse: If the Category A Beneficiary is other than the surviving spouse, the portion of the Investment Account payable to such beneficiary shall be distributed according to one of the following options, expressed in terms of both payment option and commencement date option: PAYMENT OPTION: (a) consecutive equal monthly regular payments over a period of 36 months to 60 months (but not exceeding paid no less freguentlv than annually (i.e., monthly. quarterly, Qr annually) over a period not to exceed the shorter of fifteen (15) years or the life expectancy of the Category A Beneficiary; (b) annuity payments pursuant to an annuity that is offered by a Plan provider providing services to the Employer and that is structured so as to comply with all applicable provisions of the 23 Book Page 86 Internal Revenue Code, the Treasury Regulations and all other applicable laws; (c) a single lump-sum payment; or (d) a single lump-sum payment, in an amount to be determined by the Participant, with the remainder of the portion of the Participant's Investment Account payable to such beneficiary to be paid under either payment option (a) or payment option (b) above. COMMENCEMENT DATE OPTION: Such distributions shall begin on the date designated by either the Participant or, if permitted by the Participant, the Category A Beneficiary, but in no event later than December 31 of the calendar year immediately following the calendar year in which the Participant dies. If the Category A Beneficiary submits a permitted benefits election, the election must be filed with the Employer within ninety (90) forty-five (45) days after the Participant's deathi and the earliest commencement date shall be the first day of the fifth calendar month follo1Ning the month in 'Nhich the death of the Participant ocourred. date which is sixty (60) days following the date of death of the Participant If payment is made under payment option (d) above, the lump sum must be paid on the same date that the first payment over time is paid. (2) Surviving Spouse: If the Category A Beneficiary is the surviving spouse of the Participant, the portion of the Investment Account payable to the surviving spouse shall be distributed according to one of the following options, expressed in terms of both payment option and commencement date option: PAYMENT OPTION: (a) consecutive equal monthly regular payments paid no less frequently than annually (i.e., monthly, quarterly, or annually} over a period 24 Book Page 87 not to extend beyond the life expectancy of the surviving spouse; (b) annuity payments pursuant to an annuity that is offered by a Plan provider providing services to the Employer and that is structured so as to comply with all applicable provisions of the Internal Revenue Code, the Treasury Regulations and all other applicable laws; (c) a single lump-sum payment; or (d) a single lump-sum payment, inanamounttobe determined by the Participant, with the remainder of the portion of the Participant's Investment Account payable to the surviving spouse to be paid under either payment option (a) or payment option (b) above. COMMENCEMENT DATE OPTION: Such distributions shall begin on the date designated by either the Participant or, if permitted by the Participant, the surviving spouse, but in no event later than the later of (i) December 31 of the calendar year immediately following the calendar year in which the Participant dies, and (ii) December 31 of the calendar year in which the Participant would have attained age 70%. Notwithstanding the foregoing, however, if as of the date of the Participant's death, both the surviving spouse and another are Category A Beneficiaries, then distributions shall begin on or before December 31 of the calendar year immediately following the calendar year in which the Participant dies. If the surviving spouse submits a permitted benefits election, the election must be filed with the Employer within ninety forly-five (00 4Q) days after the Participant's death, and the earliest commencement date shall be the #fSt day of the fifth calendar month date which is sixtv (60) days following the ·meA#HA-Which the death date of death of the Participant occurred. If payment is made under payment option (d) above, the lump sum must be paid on the same date that 25 Book Page 88 the first payment over time is paid. 3) Elections: PARTICIPANT'S ELECTION: All elections (as to both payment option and commencement date) to be made under this Subsection 10.6.2 shall be made by the Participant pursuant to either the "Benefit C" provisions of the Participation Agreement or a later written election delivered to the Employer before the death of the Participant. Notwithstanding the foregoing, however, the Participant, in the Participation Agreement or such later written election, may specify that, following the death of the Participant, the Category A Beneficiary may elect, subject to the foregoing limitations, the form of payments and the commencement date of distributions. BENEFICIARY'S ELECTION: Any permitted beneficiary election must be in the form of a written election filed with the Employer no later than ninety forty-five (9G 45) days following the date of death of the Participant. In the absence of any such timely election1 th e portion of the Investment Account payable to such Category A Beneficiary shall be distributed to him or her in a lump sum on the first day of the fifth calendar month consecutive, regular monthly payments beginning on the date which is sixty (60) days following the month in 'Nhich the date ·of death of the Participant occurs and continuing (i) for fi'fteen (15) years, if the Category A Beneficiary is other than the surviving spousej or (ii) for the life of the surviving spouse, if the Category A Beneficiary is the surviving spouse. The commencement date portion of the Beneficiary's election shall become irrevocable on the date ninety forty-five (9G 45) days after the Participant's death. However, the Beneficiary may modify his payment option election up to thirty (30) days before the previously elected commencement date. 26 Book Page 89 ( 4) Death of a Category A Beneficiary: If a Category A Beneficiary dies within six months of the date of the Participant's death and before the entire portion of the Investment Account allocated to him has been paid pursuant to this Subsection 10.6.2, then the remainder of such portion shall be paid to the contingent beneficiary, if any, designated by the Participant in either the Participation Agreement or a later written election delivered to the Employer before the Participant's death. If there is no such contingent beneficiary, or if the Category A Beneficiary dies more than six months after the date of the Participant's death and before the entire portion of the Investment Account allocated to him has been paid pursuant to this Subsection 10.6.2, then the remainder of such portion shall be paid to the estate of the deceased Category A Beneficiary. Any payment under this paragraph shall be made in a lump sum on the first day of the third calendar month earliest practicable date following the month in which the date of death of the Category A Beneficiary. OCCl::IFS. {§1 Trust Beneficiary as Category A Beneficiary: In the case of a trust meeting the requirements of Section 3.2, any individual beneficiary of the Trust who ls eligible to receive Trust distributions on account of payments from the Plan. shall be deemed to be a Category A Beneficiary under the Plan. (For example, if the Participant designates as his Beneficiary a Trust Which meets the requirements of Section. 3.2, an.d of which his surviving spouse is the Life Beneficiary, and elects lifetime payments, then for the purpose of this Subsection 10.6.2, the surviving spouse shall be deemed to be the Category A Beneficiarv. and the terms of this Subsection shall be applied by basing distributions on the life expectancy of the surviving spouse.) B. CATEGORY B BENEFICIARIES - If the Beneficiary is a Category B Beneficiary, which is a validly existing legal entity (such as a Trust not meeting the requirements of Section 3.2, a charitable foundation, or the estate of the Participant), the portion of the Investment Account payable to such beneficiary shall be distributed as a lump sum on the first day of the 27 Book Page 90 third calendar month following the month in which the death of the Participant occw:s. Earliest practicable date following the death of the Participant. In no event, however, shall that payment date be more than five (5) years following the date of death of the Participant. C~ TRUST AS BENEFICIARY The Participant may designate a trust as his beneficiary under the Plan. J.101.e.iever, in that case, any beneficiary of the trust, who is eligible to receive trust distributions on account of payments from tho Plan r shall be deemed to be a Category A Beneficiary unde·r tho Plan. ~R>r example if the Participant designates as his beneficiary a trust of which his surviving spouse is the lite beneficiary. and elects lifetime payments, then for the purpose of this Subsection 10.6.2, the surviving spouse shall be doomed to be the Category /\ Beneficiary, and the terms of this subsection shall be applied by basing distributions on the life expectancy of the surviving spouse.) Notwithstanding tho foregoing, however, a t~ust may only be designated as a benefioiary (and the beneficiary of tho trust will only be deemed to be a Category A Beneficiary) if, as of the later of the date that tho ParticipaAt submits to 1he employer the election in which the trust is named as a beneficiary or the Required Beginning Date, and as of all subsequent periods during which the trust is named as a benefioiary of tho Plan , all of the following conditions are mot: (1) the trust is a i.ialid trust under state law, (2) the trust is irrevocable, (3) the beneficiaries of tho trust can be identified from the trust instrument. and (4) a copy of the trust instrument has been provided to 1he Employer. 10.6.3 Default Provision. If, upon the death of the Participant, there exists neither a Category A Beneficiary nor a Category B Beneficiary to receive any portion of the Participant's Investment Account, then the Employer shall, on the first-day of the third calendar month earliest possible date following the month in 1.vhich the death of the Participant occurs, pay that portion in a lump sum to the estate of the Participant. 10. 7 General Distribution Requirements and Provisions. Notwithstanding any other provision of this Plan to the contrary, all distributions under this Plan shall be made in accordance with the provisions of this Section 10. 7 and, to the extent of any inconsistency, the provisions of this Section 10. 7 shall control. 28 Book Page 91 10. 7 .1 Calculation of Life Expectancy. For the purpose of ascertaining the relevant distribution periods and amounts hereunder, life expectancy, where applicable, shall Rat be recalculated annually. Rather,, once life expectancy has been initially calculated it shall thereafter be reduced by one· year for each year that passes. Notwithstanding the foregoing, however, with respect to permitted annuity distributions, life expectancy may be calculated in any manner permitted by the Internal Revenue Code, the Treasury Regulations, and all other applicable tax laws. 10. 7 .2 Additional Distribution Requirements. For vears prior to January 1, 2002 [2003 Plan I A !l_ny payments payable over a period of more than one year shall only be made in substantially non- increasing amounts, paid not less frequently than annually. 10.7.3 Employer Discretion to Accelerate Distributions Payout of Small Accounts. The Employer, in its sole and absolute discretion, shall have the right, at any time when subparagraphs (a)-(c) of Section 10.4 are satisfied, to distribute the entire balance of the Participant's Investment Account to the Participant. In addition, after distributions have begun under Sections 10.1, 10.2 or 10.6, if the balance of the Participant's Investment Account, or any portion thereof payable to a beneficiary, should be less than or equal to the amount provided in Internal Revenue Code section 457(e)(9) (or a successor provision), the Employer, in its sole and absolute discretion and for administrative ease, may distribute such balance or such portion in a lump sum on the date of the first regularly scheduled payment of the next calendar year. Moreover, at any time after distributions have begun under Sections 10.1 1 10.2 or 10.6 if the Employer determines that the payment schedule as eleoted by the Participant, or by ·the Category A Beneficiary, if app.licable, is such that monthly payments •11ould be in an amount less than $200.00 then the Employer, in its sole and absolute discretion, may make distribuijons in the ammmt of $200.00 per month, until exhaustion of the Investment Account or portion theroof in question, irrespective of the fact that this •.vould have the effect of shortening the distrilaution period originally elected by the Participant, or the Category A Benefioiary, if applicable. 10.7.4 Statutory Compliance. All distributions under this Plan shall be made in accordance with the Treasury Regulations under Internal Revenue Code section 401 (a)(9), including both the minimum distribution requirements of Treasury Regulation section 29 Book Page 92 1.401 (a)(9)-1, and, (in accordance with Internal Revenue Code section 401 (a)(9)(G)) the minimum distribution incidental benefit requirements of Treasury Regulation section 1.401 (a)(9)-2. To the extent that any distribution option hereunder is inconsistent with Internal Revenue Code section 401 (a)(9), the provisions of Internal Revenue Code section 401 (a)(9) shall control and the Plan shall be administered so as to conform with section 401 (a)(9). Notwithstanding the foregoing, however, if, pursuant to Internal Revenue Code section 457(d)(2)(B)(i)(I), Treasury Regulations (the "Superseding Regulations") shouid be issued which require more rapid distributions than t hose required by Internal Revenue Code section 401 (a)(9)(G) and the Treasury Regulations under section 401 (a)(9)(G)j then the distributions under this Plan shall be made pursuant to such Superseding Regulations, to the extent inconsistent with section 401 (a)(9) and tfle Treasury Regulations under that section. 10.7.5 Cost-of-Living Adjustment of Periodic Payments. The Participant or a Category A Beneficiary, at the time of submitting a distribution option election permitted under Section 10.1, Section 10.2, or Section 10.6 of the Plan, may elect that any distributions made pursuant to a periodic payment option may be made not in ~ fixed amounts but rather in increasing amounts, based on increases in the cost-of-living. The formula for determining cost- of-living increases shall be established by the Employer from time to time. 10.8 .Direct Rollovers. A Participant or Beneflciarv who is entitled to receive an Eligible Rollover Distribution mav direct the Employer to pay all or a portion of such distribution directly to an Eligible Retirement Plan, in lieu of paving such amount to the Participant or Beneficiary. A. The Employer shall establish reasonable rules and procedures with respect to elections to make direct rollover distributions to an Eligible Retirement Plan. B. The Employer shall treat the election by a Participant or Beneficiary to make or not make a direct rollover with respect to one (1) payment in a series of periodic payments as applicable to all subsequent pavments in. the series unless the Participant or Beneficiary subsequently changes the election. C. For purposes of this Paragraph, the following definitions shall apply: 30 Book Page 93 (1) "Eligible Rollover Distribution" shall mean anv distribution of all or any portion of the balance to the credit of the Participant or Beneficiarv. except that an Eligible Rollover Distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Participant or Beneficiarv. or the joint lives (or joint life expectancies) of the Participant or Beneficiary and such Participant's or Beneficiary's designated beneficiary, or for a specified period of ten (10) years or more; any distribution to the extent such distribution is required under Section 401{a)(9) of the Codei any distribution on account of an unforeseeable emergency; and the portion of any distribution that is not includable in gross income {determined without regard to the exclusion for net unrealized appreciation with respect to emplover securities). (2} "Eligible Retirement Plan" shall mean an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408{b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, an annuity contract as described in Section 403(b) of the Code, or another eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state that accepts the Participant's or Beneficiary's Eligible Rollover Distribution and which agrees to separately account for amounts transferred into such plan from this Plan. However. in the case of an Eligible Rollover Distribution to the surviving spouse. an Eligible Retirement Plan is an individual retirement account or individual retirement annuity. (3) ffBeneficiary" shall include a Participant's former spouse who is the alternate payee under a Qualified Domestic Relations Order. as defined in Section 414(p) of the Code, with respect to the interest of the former spouse. (2003 Plan[ 31 Book Page 94 SECTION 11: Emergency Withdrawals. In the event of an Unforeseeable Emergency, to be determined by the Employer in its sole discretion, the Employer may pay to the Participant all or any portion of the amount in such Participant's Investment Account as of the month end following the date when such determination is made. Payment may not be made to the extent that the hardship resulting from the Unforeseeable Emergency is or rnay be relieved (a) through reimbursement or compensation by insurance or otherwise, (b) by liquidation of the Participant's assets, to the extent the liquidation of such assets would not itself cause severe financial hardship, or (c) by cessation of deferrals under the Plan. The amount that may be paid out is limited to the amount reasonably necessary to alleviate the Unforeseeable Emergency need and, in most cases, will be paid only in a single lump sum. In the event of an Unforeseeable Emergency which causes the initial lump sum payment to be inadequate to meet the Unforeseeable Emergency need, the Participant (or former Participant) may apply for the payment of subsequent lump-sum amounts, up to the entire amount in the Participant's (or former Participant's) Investment Account. Any distribution under this section shall be deemed a termination of the election to defer compensation under Section 4.4 above, and no further deferral of compensation shall be made unless the Participant subsequently re-elects to defer compensation under the Plan, as provided in Section 4.4. Moreover, any distribution of 100% of the Participant's Investment Account under this section shall be deemed a revocation of the Participant's agreement to participate in the Plan. The (former) Participant may re-elect to participate in the Plan, pursuant to Section 4.1, after a lapse of not less than three (3) months. SECTION 12: Assignments and Transfers. 12.1 . Consistent with Section 8 above, no one, including the Participant, his beneficiary or designee, or any other person, shall have any right to commute, sell, assign, transfer, or otherwise convey the right to receive any payments hereunder, which payments and right thereto are expressly declared to be non-assignable and non-transferable. The Employer shall have no liability to either the Participant or a purported assignee or transferee, on account of any attempted assignment or transfer. In addition, except to the extent otherwise provided by law, no interest of the Participant in the Plan shall be subject to attachment, garnishment or execution, or be transferable by operation of law, whether due to bankruptcy, insolvency, liquidation for the benefit of creditors, or any other cause. 12.2 Notwithstanding the foregoing, however, the amounts deferred by a former Participant may be transferred to another Internal Revenue Code section 457 eligible deferred compensation plan of which the former Participant has become a participant, if the following conditions are met: 32 BookPage95 (1) the plan to which the former Participant wishes to transfer amounts deferred is located within the State of California; (2) the plan receiving such amounts provides for the acceptance of such amounts; (3) the employer accepting the transfer funds gives written notice of its agreement to accept such transfer and assumes liability therefor; and (4) the Participant provides a written release to the Employer releasing the Employer from any claim or liability under the Plan after the date such transfer of funds occurs. If a Participant separates from service in order to accept employment with another entity which permits the Participant to participate in a section 457 eligible deferred compensation plan, and if the four conditions enumerated above are met, payout of benefits will not commence upon separation from service, notwithstanding any other provision of the Plan, and amounts previously deferred will automatically be transferred to that other entity's section 457 eligible deferred compensation plan, to be credited to the Participant's account. 12.3 A Participant, who was formerly employed by another public agency located within the State of California, may transfer, to the Plan, funds from an Internal Revenue Code section 457 eligible deferred compensation plan maintained by that former employer, if that eligible deferred compensation plan permits transfers to other section 457 eligible deferred compensation plans and if the Participant complies with all applicable terms and conditions of both the transferring plan and this Plan in effectuating the transfer. As a condition to transfer to this Plan, the Employer may require that assets transferred from another plan be in the form of cash or cash equivalents. Effective for distributions made on or after January 1, 2002, a Participant who receives an "Eligible Ro/lover Distribution", as defined in Section 401(a)(31). 408(d)(3). 403(b)(B). and 457(e)(16) of the Code from an eligible plan as defined in Sectio,n 401(c)(8)(B of the Code mav transfer or rollover such distribution to this Plan. All such rollover contributions shall be separately accounted for. [2003 Plan V 12.4 "12A Qualified Domestic Relations Order ("ODRO"). Notwithstanding any other provision of those Distribution rules to the contrary, if a Qualified Domestic Relations Order t_'QDRO .::1 provides that a Participant's benefit is to be divided and a portion allocated to an alternate payee under the terms 33 Book Page 96 of a QDRO (such as a spouse or former spouse), Such distribution shall not violate this Sectioni Where a spouse (or a former spouse) of a Participant in the District's Employer's Section 457 plan receives a distribution under the terms of a QDRO, the spouse (or former spouse) will be treated as the distributee and taxed on the benefits received. Distributions under the District's Employer's Section 457 plan made to an alternate payee other than a spouse (or former spouse) under a QDRO are taxable to the Participant." r2003 Ptanl 12.5 Upon application duly made in form and content satisfactory to the Employer, the Employer authorizes the Plan Administrator to ma'ke loans on behalf of the Employer. as Trustee, from the Trust Fund to Participants on such terms and conditions as the Employer may prescribe from time to time, including but not limited to, the following: 12.5.1. Amount of Loan. The aggregate principal balance of all Particioant loans of all qualified plans maintained by the Employer (including any affiliated employers) shall not exceed the lesser of (a) Fifty Thousand Dollars ($50.000} .reduced by the excess, if anv. of (i) the highest outstanding loan balance from the Plan during the one (1) year period ending on the day before the date such loan is made, over (ii) the outstanding balance of loans from the Plan on the date such loan is made: or (b) one- half (112} of the sum of the Participant's Account balance. 12.5.2. Loan Provisions. All Participant Joans shall have a specific maturity date and bear a reasonable rate of interest in ctn amount to be determined by the Employer comparable to the rate then being charged for similar loans, but in no event exceeding the maximum rate then permitted by law. All Participant loans shall be secured by the Participant's beneficial interest in the Plan and such other security as the Employer shall determine. All Participant loans shall require that substantially equal payments of principal and interest be made at least quarterly.. 12.5.3. Loan Term. All loa.ns shall be required to be repaid within five (5) vears; except that any loan used to acquire any dwelling unit which w.ithin a reasonable time is to be used as the principal residence of the Participant, may be made for a .term of up to thirty (30) years. 12.5.4. Default. Should the Participant fail to repay the loan within the time prescribed by the note evidencing the loan. or default on any of the loan terms, the Employer may, at its option, .(i) enforce 34 Book Page 97 the rights of the Plan against anv or all real or personal property securing the loani or (ii) take such other remedies as may be available under the law. 12.5.5. Employer Decisions. The Em,,lovers determination as to whether or not any loan application shall be granted shall be final and conclusive on all parties, and there shall be no appeal or dispute. 12.5.6 Earmarked Investments. The Employer shall treat any loan made pursuant to the provisions of this Article as an earmarked investment and shall allocate all gains and losses to the account of the borrowing Participant. 12.5. 7 Written Procedures. This loan program shall be administered in accordance with the rules set forth in this Section 12, and such other written procedures as may be established by the Employer and the Administrator. Such written procedures shall include, but need not be limited to the following: (a) The identity of the person or position authorized to administer the Participant loan program; (b) The procedures for applying for Plan loans; (c) The basis on which loans will be approved or denied; (d) The limitation, if any1 on the tvpes and amounts of loans offered; (e} The orocedure for determining a reasonable rate of interest to be charged for Plan loans; ff) The types of collateral which may secure a Participant's loan; and (g) The events constituting default and the steps that will be taken to preserve Plan assets in the event of such default. [2003 Planl 12.6 If a Participant so elects. the Plan may make a direct trustee-to-trustee transfer of all or a portion of the Participant's Account to a defined benefit governmental plan (as defined in Section 414(d) of the Code for 35 Book Page 98 the purchase of oermissive service credit (as defined in Section 415(n)(3)(AJ under such plan, or a repayment to which Section 415 does not apply by reason of Subsection (k){3) thereof. [2003 Planl SECTION 13: Notice. Any notice or other communication required or permitted under the Plan shall be in writing, and, if directed to the Employer (ATTN: Director of Human Resources), shall be sent to the Employer at its principal office, and, if directed to a Participant or a beneficiary, shall be sent to such Participant or beneficiary at his last- known address as it appears on the Employer's records. Such notice shall be deemed given when mailed, unless notice is given in person, in which case such notice shall be deemed given upon receipt. SECTION 14: AmendrtlentorTermination of Plan. The Employer may, at anytime, terminate this Plan for all Participants. Upon such termination, the Participants in the Plan shall be deemed to have withdrawn from the Plan as of the date of such termination; each Participant's full Salary on a non-def erred basis will be thereupon restored; and the Employer agrees to pay each Participant the amount of money determined as if the Participant had terminated his employment, said payment to be made in accordance with the provisions of Section 10.2. The Employer may also amend the provisions of this Plan at any time; provided, however, that no amendment shall affect the rights of the Participants or their beneficiaries to the receipt of payment of benefits, to the extent of any compensation already deferred at the time of the amendment, as adjusted for investment experience prior to and subsequent to the amendment. SECTION 15: Liabilitv of Employer. Neither the Employer, its Directors, nor its Employees, shall be liable for any action taken or not taken with respect to the Plan and Trust, except for its or their own gross negligence or willful misconduct. Neither the Employer. its Directors, nor its Employees. shall be Hable upon any contract, agreementr or other instrument made or executed by it or them in its or their behalf in the administration of the Plan and Trust. Neither the Employer, its Directors, nor its Employees, shall be liable for the neglect, omission, or wrongdoing of any other person in connection with the administration of the Plan and Trust. nor shall anv such person be required to make inquiry into the propriety of anv other person in coniunction with the administration of the Plan and Trust. {2003 Planl The Employer hereby establishes, on the terms and conditions set forth above, the Orange County Sanitation District Amended Deterred Compensation Plan (2003). This Amended Plan shall constitute an amendment and restatement and consolidation of all Deferred Compensation Plans previously established, maintained, or acquired by the District, and shall supercede all such Deferred Compensation Plans which have been previously established, maintained, or acquired by the District. All such Plans shall be deemed to have been merged into this Plan, so that this Plan shall be the 36 Book Page 99 only Deferred Compensation Plan pursuant to Section 457 of the Code which is offered bv the District. although the District. in its sole discretion. may continue with or enter into various contracts or agreements with various investment providers pursuant to this Plan. [2003 Planl 37 Book Page I 00 FAHR COMMITTEE Meeting Date To Bd. of Dir. 05/14/03 05/28/03 AGENDA REPORT Item Number Item Number FAHR03-35 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources Originator: Jan Collins, Senior Human Resources Analyst SUBJECT: Intern Pay Structure GENERAL MANAGER1S RECOMMENDATION Approve an increase of $1.00 per hour to the Intern pay range grade 0 ($10.00 - $17.00), in support of the new Student Intern Program, to be effective May 28, 2003. SUMMARY In April 1990 the Board of Directors approved a request for an Engineering and Scientific Intern Program to be used in the Engineering, Technical Services and Operations and Maintenance Departments. Two goals of the program were to acquaint potentially employable interns with the District and also to provide the District with an opportunity to evaluate prospects for future full-time positions. The program has been successful over the past 13 years in providing hands-on work experience to college students and also by transitioning a number of these students into full-time District employees. Based on the needs of the District, the Human Resources Department has reviewed the current program and proposed expanding the program into the Student Intern Program. A summary report was presented to and approved by the Executive Management T earn and is provided as Attachment 1 . In 1990 staff contacted other wastewater agencies and consulting firms to assess what level of pay would be compatible for Engineering Interns. Based on that survey a sliding scale was established based on years of schooling. The current pay scale has been in effect since 1990. Staff surveyed comparison agencies and local cities to determine if the current pay scale is competitive in the market. Based on the research it is recommended that all the current hourly rates for interns be increased by $1.00 (Attachment 1, page 4). PROJECT/CONTRACT COST SUMMARY The annualized cost of increasing the hourly rate based on the eight currently employed interns would be $8,320 for FY02/03. The proposed 2003-04 budget will include authorization for a total of 18 Interns at 20 hours per week. Book Page IO 1 BUDGET IMPACT ~ This item has been budgeted. (Line item: Wages and Salary) D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. D Not applicable (information item) ALTERNATIVES 1 . Current hourly rates remain in effect. 2. Hourly rates are increased by $.50 per hour. CEQA FINDINGS N/A ATTACHMENTS 1. OCSD Intern Program EMT Summary Report G:\wp.dtalagenda\FAHR\FAHR2003\0503\03·35.lntem Pay.O.doc Revised: 8120/01 Book Page 102 Page2 Attachment 1 OCSD Intern Program EMT Summary Report Overview futernship programs offer employers the opportunity not only to do something for their communities, but also to help develop the skilled workforce they will need in the future. fu addition, it is an excellent environment for students to develop workplace readiness skills, gain work experience, and learn about career opportunities. The District is currently developing a Student Intern Program that will be separate from the current staffing plan. fu addition, HR is proposing that futerns be removed from the staffing budget and they should not be considered as a .5 FTE in the staffing plan; they should be budgeted to a separate line item for the Student Intern Program. The District has a successful program in place; however, it has been somewhat limited. A well-rounded Student Intern Program will benefit both the District as well as the community. Human Resources (HR) evaluated similar programs within other companies, and have referred to this information to create the framework for OCSD' s new program. In developing this program HR recognizes the potential cost savings associated with actual "on the job" training an internship provides. Bringing in new talent allows the agency to train students and develop them into highly skilled workers and potentially future employees of the District. In addition to development, HR will administer and manage the newly expanded Student Intern Program. Internship Program Objectives OCSD's internship will be part of a student's educational plan to explore a given career path that integrates classroom study with planned, supervised work. It will allow students to explore opportunities at the District, establish professional relationships, receive mentoring, and provide the District with innovative ideas, and a motivated low cost workforce. Advantages for the District • Increases the pool of qualified applicants who can meet current and future workforce demands • Reduces the cost of employee recruitment, selection and training • Strengthens the link between work and learning, by giving students an opportunity to be involved in real life work experiences in the field of interest • Promotes collaboration between employers and educators to support workforce development • Helps maintain good community relations 315103 1 Book Page 103 Attachment 1 Advantages for Students • Career-related knowledge and experience • Exposure to new trends and professions • Exposure to diverse work environment • Mentoring and professional training • Professional contacts and relationships Disadvantages of the Program • Supervisory time commitment • Learning curve/training time Students may initially require a greater amount of direction and supervision; however, the advantages far outweigh the disadvantages. Although both the employer and the student benefit from the program, the student benefits the most from the commitment of dedicated professionals. Proposed changes to the existing program • Transition from the existing Intern Program to a Student Program The current program is referred to as an Intern Program. By recreating the program as a Student Program, the District may be able to explore other avenues for attracting highly competent, motivated, and diverse students. • Opportunities for a "Student Program" 1. Student Interns • Students at least at the college sophomore level • Employed as an Intern year round as long as enrolled as a full-time student in fall and spring semester, or during the four quarters of the year. • Minimum of twenty hours of work per week (part-time) during school sessions • Pay scale to be established 2. Summer Interns • Students at least at the college sophomore level • Employed as an Intern during the summer months provided the Intern is enrolled in a full- time status during the fall and spring semester, or during the four quarters of the year. • Forty hours per week (full-time) • Pay scale to be established 3. Cooperative Education (School to Work Partnerships) 3/5/03 • Students at least at the college junior level • Alternating work/study program in which student works full-time for one semester, or quarter. • In conjunction with the Student program • Student earns credit for this program in addition to hourly wage, unless limited to only credit by the college of university. 2 Book Page 104 Attachment 1 • Cooperation must be established in the form of a letter agreeing with OCSD's program, from the college or university before this can be implemented • Letter from the college or university approving the program Enhancements to HR's Recruiting Strategies 1. ''Link" on OCSD website to a page dedicated to the OCSD Student Intern Program • Maintained by website administrator • Printable fact sheet regarding the program • Internship opportunity listings and descriptions • Printable application 2. HR's involvement with Colleges and Universities • Establish faculty contacts • Continue involvement with campus Science, IT, Engineering, Journalism, and Communications Departments • Involvement with campus career centers • Generic non-job specific advertisement on campuses regarding student opportunities • Utilize OCSD staff for information on small private programs I schools 3. Research and utilize additional Intern Specific Websites • Monstertrak.com • Internjobs.com • Internsearch.com • Internshipprograms.com • Jobweb.com • Campuscareercenter.com • lnternweb.com • Internships.com Student Staffing Numbers 1. Current Staffing (Budget under Division 510) • FY 02-03 Budget allows for ten Interns • ECM-(4) • Lab-(1) • Safety -(1) • Engineering I 720-(1) • Air Quality -(3) • District currently staffs five Interns • ECM-(2) • Air Quality -(3) 3/5/03 3 Book Page 105 Attachment 1 2. Future Staffing • Continue basing Intern staffing numbers on Divisional needs in the annual budget process. 3. Program Costs • Estimated program cost for 10 interns is $116,000 per Decision Package dated 02/20/02 • If the program is expanded in FY03/04 then additional costs related to salaries would be determined Student Compensation 1. Current Intern Pay Scale (Hourly) • Sophomore $ 9.00 • Junior $10.00 • Senior $11.00 • l 5tYearGrad $12.00 • 2nd Year Grad $14.00 • Phd $16.00 • Interns will receive no employee benefits. 2. Proposed Intern pay scale • Sophomore $10.00 11 % increase • Junior $11.00 10% increase • Senior $12.00 9% increase • 1st Year Grad $13.00 8% increase • 2nd Year Grad $15.00 7% increase • Phd $17.00 6% increase • Interns will receive no employee benefits . The Human Resources Department asked Johnson & Associates (J&A) to review the District's pay scale for interns. Interns were not a benchmarked classification so J &A decided to slot the position. They set the maximum of the proposed Intern range 20% lower than the lowest grade position; Office Assistant. This range of $12.185 -$15.231 is an acceptable range; however, without a graduated scale with which to establish Intern salaries, the compensation I offer becomes too subjective. Unlike regular positions within the Di trict, in which candidates bring experience and often times educational milestones with them an Intern brings the desire to learn and potential to increase their marketability. Adctitionally, in conducting salary surveys of other agencies' intern program pay scales, HR has confirmed that the proposed Intern pay schedule is aligned with other similar programs; therefore, HR recommends that the Intern pay scale be increased. Program Administration The Human Resources department will administer and manage the Student Program. This includes assisting with personnel requisitions, postings, advertising, and applicant screening, as well as working with managers and supervisors on scheduling student interviews. HR will maintain contacts at local school career centers, manage accounts with new websites, and coordinate with Communications and IT for Website design. HR will work in conjunction with District professionals to establish unique contacts with Environmental, Engineering and IT departments at local schools. 315103 4 Book Page 106 Attachment 1 A specific performance management system will be developed by HR and implemented with the New Student Intern Program. The Intern performance management system will be administered by supervisors to ensure they are providing students the guidance, support and development they seek from a Student Program on a quarterly basis. Students will also participate in the New Employee Orientation program. Each Division will propose a staffing number for the Student Program, based on divisional needs. Proposed Intern staffing numbers will be subject to the same approval process as regular full time employees. 3/5/03 5 Book Page 107 FAHR COMMIITEE Meeting Date To Bel. of Dir. 05/14/03 05/28/03 AGENDA REPORT Item Number Item Number FAHR03-36 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources Originator: James Matte, Safety and Health Supervisor SUBJECT: Ratification of Change Order No. 1 to Purchase Order 29546-000-0S GENERAL MANAGER'S RECOMMENDATION Ratify Change Order No. 1 to Purchase Order No. 29546 issued to Health Science and Associates for completion of a Comprehensive Asbestos Survey, providing for additional sampling to comply with Environmental Protection Agency and Cal-OSHA regulations for an additional amount of $51,993.65, for a total amount not to exceed $113, 163.00. SUMMARY In February 2001, the District requested proposals for a comprehensive survey of both District Plant No. 1 and Plant No. 2 facilities to determine the location of asbestos containing materials. The Environmental Protection Agency (40 Code of Federal Regulations Part 61) requires that prior to planned construction, renovation or demolition, the building owner conduct a survey to determine the presence of asbestos containing construction materials. This survey was performed to support future maintenance and construction projects. In addition, the California Health and Safety Code (Division 20, Section 25915 through 25924) require building owners to notify building occupants of the presence and condition of asbestos containing construction materials. In July 2001, a contract (SP-2000/01-28, purchase order number 29546-000 OS) was awarded to Health Sciences and Associates (HSA). In March 2002, HSA notified the District that the District's Request for Proposal (RFP) had underestimated the number of samples that would be required to properly characterize its facilities for the presence of asbestos. The RFP estimated that 1800 samples should be collected, which underestimated the actual number of samples required by Environmental Protection Agency (40 CFR Part 763) and Cal-OSHA (8 CCR 1529 and 5208) by approximately one third, or 600 samples. The number of samples described in the District RFP was identified from an unsolicited proposal, prior to the RPF process, for the same work from another vendor, who is familiar with District facilities. A revised job plan was submitted to the Engineering Department in March 2002 to account for the increased cost to meet the project's original scope of work. (The scope of the project was not changed.) Book Page 108 The Engineering Department notified the Safety and Health Division that all of the necessary amendments to the contract paperwork had been completed. The project manager notified Health Science and Associates to proceed with the work. Due to an oversight, the purchase order had not been amended to account for the additional costs and the work was completed in June 2002. This oversight was discovered when Health Science and Associates submitted a duplicate invoice in March 2003. The total cost for the work, as revised by staff, now exceeds the General Manager's purchase authority and Board approval is required. PROJECT/CONTRACT COST SUMMARY The District's bid process was utilized and in July 2001, purchase order #29546-000-0S was issued for $61, 169.00 to Health Science and Associates. In March 2002 a request for additional funding of $51,993.65 was identified in the revised job plan, which increased the total project cost $113, 163.00. BUDGET IMPACT D This item has been budgeted. (Line item: ) ~ 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 CEQA FINDINGS N/A ATTACHMENTS N/A G:\wp.dta\agenda\FAHRIFAHR2003\0503\03·36.Asbestos Survey.doc Revised: 8/20/01 Book Page 109 Page2 FAHR COMMITTEE Meeting Date 05/14/03 AGENDA REPORT Item Number FAHR ()3.37 Orange County Sanitation District FROM: Lisa Tomko, Director of Human Resources Originator: Jan Collins, Senior Human Resources Analyst SUBJECT: CLASSIFICATION STRUCTURE ADJUSTMENTS GENERAL MANAGER'S RECOMMENDATION To Bd. of Dir. 05/28/03 Item Number Adopt Resolution No. OCSD 03-_, Amending Resolution No. OCSD 98-33, Amending Human Resources and Policies Procedures Manual, to include the following: a) Create the CIP Project Manager classification at pay range 88 ($6,578 -$8,222) and a Senior CIP Project Manager at pay grade 92 ($7,260 -$9,075) b) Create the Accounting Supervisor classification at pay grade 86 ($6,260 -$7,825) c) Move the Materials Control Supervisor classification from pay grade 81 ($5,534 - $6,917) to pay grade 83 ($5,814 -$7,267). SUMMARY From time to time, adjustments need to be made to Classification structures. As new duties and responsibilities are identified as critical to the mission of the organization, classifications must be modified or added. Staff is proposing three adjustments that need to be made to the classification and compensation structure. 1. The Capital Project Management Process was authorized to begin on June 13, 2000. The Engineering Department worked with the consulting firm the Lewis Group to increase the overall effectiveness of the District's capital project management process within applicable laws, regulations and the practices of professional engineering. · One of the recommendations of the Lewis Group was to restructure the Engineering Department to include a Project Management Office (PMO) structure which will facilitate all capital projects, support project teams and maintain functional expertise. The Engineering Department began the transition to this new structure with the creation of the PMO division in July 2002. As part of that restructuring, the Engineering Department is now ready to add two new classifications, the CIP Project Manager (Attachment 2) and the Senior CIP Project Manager (Attachment 3). As part of the district-wide Classification and Compensation study, Johnson & Associates has recommended that the CIP Project Manager be slotted to pay grade 88 and the Senior CJP Project Manager be slotted to pay grade 92. These pay Book Page 110 grades align the PMO classifications with the Senior Engineer and Engineering Supervisor classifications based on similar levels of knowledge, skills and abilities. 2. Prior to the Classification & Compensation study implementation, both Accounting Manager and Accounting Supervisor classifications existed. During the Classification & Compensation study the Accounting Supervisor classification was deleted, as there were no incumbents. The Finance Department has reevaluated the need for a managerial level position due to an upcoming vacancy. Based on the revised needs of the division, it has been determined that the position can be filled at a lower supervisory level. The proposed new classification (Attachment 4) has been evaluated and slotted at pay grade 86, the same level as the Contracts & Purchasing Supervisor. 3. The Finance Department requested that the Human Resources Department review the compensation pay grade for the Materials Control Supervisor classification. During the Classification & Compensation study, this classification was slotted at pay grade 81. Classifications within the supervisory unit range from pay grade 81 to pay grade 92. Staff surveyed the 13 comparison agencies for positions that are comparable to the District position. Market data for the matches validates the change in pay grade from 81 to 83 (based on the 75th percentile). Human Resources Policy C10.10, Exhibit A, Salary Schedule, has been updated to reflect the proposed modifications and is attached for review and acceptance as. Attachment 5. PROJECT/CONTRACT COST SUMMARY There will be no immediate cost increases based on these changes. Positions for the new CIP Program Manager have been included in the FY03/04 budget package as placeholders for open promotions and the costs will be included in the budget. The Accounting Supervisor classification will be used to recruit a replacement for a resigning Accounting Manager. The change in pay grade for the Materials Control Supervisor will not result in a change in pay for the incumbent as the employee is within the new range. BUDGET IMPACT ~ This item has been budgeted. (Line item: FY03/04 Wage & Salary) 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 NIA G:\wp.dlalagenda\FAHRIFAHR2003\0503\03-37.Classificalion Structure Changes.O.doc Revised: 8/20/01 Book Page 111 Page2 ALTERNATIVES Classification and compensation structure remains unchanged. CEQA FINDINGS N/A ATTACHMENTS 1. Resolution No. OCSD 03-_ 2. Human Resources Policy and Procedure C10.10, Exhibit A, Salary Schedule. G:lwp.dtalagenda\FAHRIFAHR200310503103-37.Classification Structure Changes.O.doc Revised: 8120/01 Book Page 112 Page3 RESOLUTION NO. OCSD 03-_ AMENDING RESOLUTION NO. OCSD 98-33 A RESOLUTION OF THE BOARD OF DIRECTORS OF ORANGE COUNTY SANITATION DISTRICT AMENDING HUMAN RESOURCES POLICIES AND PROCEDURES ********************* The Board of Directors of Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1: That Exhibit "A" of Resolution No. OCSD 98-33 is hereby amended by amending Policy No. C10.10, Classification and Compensation set forth in Attachment No. 1, attached hereto and incorporated herein by reference. Section 2: That all other terms and conditions of Resolution No. OCSD 98-33, as previously recommended, shall remain in full force and effect. Section 3: That all future amendments to Resolution No. OCSD 98-33 be made by Resolution. PASSED AND ADOPTED at a regular meeting held May 28, 2003. Chair ATTEST: Board Secretary G:\wp.dta\agenda\FAHR\FAHR2003\0503\03-37.Classification Structure Changes.1.doc Book Page 113 Exhibit A Engineering Supervisor Environmental Supervisor Laboratory Supervisor Chief Plant Operator Information Technology Supervisor Accounting Supervisor Contracts & Purchasing Supervisor Safety & Health Supervisor Senior Maintenance Supervisor Employee Development Supervisor Construction Inspection Supervisor Operations Supervisor Materials Control Supervisor Maintenance Supervisor Source Control Supervisor MateFials GeAtrnl £<113eFViseF Senior CIP Project Manager Chief Scientist Legal & Regulatory Affairs Liaison Principal Contracts Administrator CIP Project Manager Senior Engineer Principal Information Technology Analyst LIMS Administrator Senior Regulatory Specialist Orange County Sanitation District Classification and Compensation Plan Sorted by Bargaining Group 92 $41.885 $47.120 $52.356 91 $40.865 $45.973 $51 .081 90 $39.868 $44.851 $49.835 88 $37.948 $42.691 $47.435 87 $37.020 $41.648 $46.275 86 $36.115 $40.630 $45.144 86 $36.115 $40.630 $45.144 86 $36.115 $40.630 $45.144 86 $36.115 $40.630 $45.144 85 $35.238 $39.643 $44.048 84 $34.375 $38.672 $42.969 84 $34.375 $38.672 $42.969 83 $33.540 $37.733 $41.!J25 82 $32.718 $36.808 $40.898 82 $32.718 $36.808 $40.898 g+ ~ ~ ~ 92 $41.885 $47.120 $52.356 90 $39.868 $44.851 $49.835 90 $39.868 $44.851 $49.835 88 $37.948 $42.691 $47.435 88 $37.948 $42.691 $47.435 88 $37.948 $42.691 $47.435 87 $37.020 $41.648 $46.275 86 $36.115 $40.630 $45.144 86 $36.115 $40.630 $45.144 0 $10.000 $17.000 Attachment 5 Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt Supervisory Exempt I Supervisory Exempt Supervisory Exempt Supervisory ~ £t113eF\liS9FJ' Exempt Professional Exempt Professional Exempt Professional Exempt Professional Exempt Professional Exempt Professional Exempt Professional Exempt Professional Exempt Professional Non-Exempt "Non-Regular" Part-time FAHR COM.MITTEE Meeting Date 05/14/03 AGENDA REPORT Item Number FAHR03-38 Orange County Sanitation District FROM: Gary G. Streed, Director of Finance SUBJECT: SANITARY SEWER SERVICE CHARGES, CAPITAL FACILITIES CAPACITY CHARGES, PERMIT USER CHARGES AND MISCELLANEOUS CHARGES FOR 2003-04 GENERAL MANAGER'S RECOMMENDATION To Bel. of Dir. 05/28/03 Item Number Recommend to the Board of Directors to adopt proposed Ordinance No. OCSD-20, an Ordinance of the Board of Directors of Orange County Sanitation District Adopting Sewer Service Charges; Adopting Capital Facilities Connection Charges; Establishing Miscellaneous Charges and Fees Relating to Industrial Dischargers, Source Control Permittees and Wastehaulers; and Repealing Ordinance No. OCSD-18 and Ordinance No. OCSD-19. SUMMARY Last month the Committee considered this action in concept. Tonight's action is to actually recommend the fees to the Board for adoption. User fees for non-residential users and for permit users are included in the discussion, as are capital facilities capacity charges, or connection fees. The basic user fee rate for 2002-03 was $87.50 per year for a single-family residence, and other users are charged a percentage of that rate based upon quantity and strength of the average wastewater discharge. Non-residential user rates range from 7% to 796% of the single-family residential rate per 1 ,000 square feet of building. No changes are proposed for these ratios. Preliminary budget analysis for 2003-04 indicates a single-family fee of $105.00 will be sufficient to meet our cash flow needs. This will be an increase in fees for most Revenue Areas and a recapture of a portion of previously implemented, but set aside fees in Revenue Areas 1 and 13. The rates for non-residential users will also be considered as a part of this action. PROJECT/CONTRACT COST SUMMARY General User Fee revenue for 2003-04 is expected to be approximately $94 million, a 22% increase from the current year as a result of these proposed rates and service area growth. The County Tax Collector-Treasurer charges us for a copy of the database, updates, and for minor programming. The County Auditor charges us, via deduction from fees collected, for the actual collection expenses. Annual collection costs are approximately $220,000 or .2% of the sewer service fees. G:\wp.dtalagenda\FAHR\FAHR2003\0503\03-38.0rdinance 20.0.doc Revised: 8120/01 Book Page 115 Page 1 BUDGET IMPACT 1Z! 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 Non-Residential Users Flow, BOD and SS discharge data was collected from the field, other agencies and research papers for various types of non-residential users. These statistics were used to determine the average use per 1,000 square feet of building for nearly 100 types of non-residential users. This average use was then converted to a percentage of the single-family residential rate. These percentages range from 7% to 796%. In 1998, after the Rate Advisory Committee process, the Board adopted a revised user fee rate structure. A focal point of this structure was that the non-residential rates become based upon wastewater flow and strength per 1 ,000 square feet of development, rather than the same flat rate for all non-residential users. Permit Users A subgroup of non-residential users is the permit users. Our Source Control Division issues annual permits to about 500 commercial and industrial users who have the potential to have a significant impact on the treatment process or the quality of our effluent. In 2000, the Directors adopted a rate calculation methodology that standardized the constituent rates (Flow, BOD, and SS) for these permit users so that they are consistent with the rates used for the general user. These rates are then applied to the actual flow, BOD and SS for each permit user. The proposed 2003-04 rates are based upon the single-family residential sewer service user fee and the actual costs to treat Flow, BOD and SS follow: Domestic Permit User Flow Per MG BOD Per 1,000# SS oer 1000# Equivalent Class I and II $316.38 $233.00 $230.14 $105.00 Special Purpose Discharge Pennit $316.38 $233.00 $230.14 $105.00 Capital Facilities Capacity Charqe The charge new development pays to connect to our sewerage system through a local sewer is called a Capital Facilities Capacity Charge (CF'CC). The existing rates were developed as a part of the 'Rate Advisory Committee process during the adoption of the 1999 Strategic Plan. The rates <;tre based upon the capital improvement program, allocation of the program to capacity, improved treatment and rehabilitation projects, as well as to flow, BOD and solids removal projects. G:lwp.dtalagenda\FAHRIFAHR2003\0503\03-38.0rdlnance 20.0.doc Revised: 8/20/01 Book Page 116 Page2 The rates for residential and non-residential development are based upon the average projected system demand for that type of user. The rates are designed to capture the costs of existing facilities and new capacity that should be allocated to new users. In 2000, the Committee recommended and the Board approved a policy that maintains constant CFCC rates for the years between Master Plan or Strategic Plan updates. The theory behind that action was that only at that time did we revise our total capital improvement program and the future total number of users. Last year the Board adopted the Interim Strategic Plan Update which revised the flow and population data used in the CFCC calculation. The final capital improvement program was deferred pending the validation effort recently completed by IPMC. Staff has used data from each of these planning efforts to develop the proposed Capital Facilities Capacity Charges for next year. No changes are proposed to the structure or format of these charges. CAPITAL FACILITIES CAPACITY CHARGES Use Category Rate Basis Commercial -Industrial Per 1 ,000 square feet Low Demand Per 1 ,000 square feet Average Demand Per 1,000 square feet High Demand Per 1,000 square feet Single-Family Residential Per Unit 5+ Bedrooms Per Unit 4 Bedrooms Per Unit 3 Bedrooms Per Unit 2 Bedrooms Per Unit 1 Bedroom Per Unit Multi-Family Residential Per Unit 4+ Bedrooms Per Unit 3 Bedrooms Per Unit 2 Bedrooms Per Unit 1 Bedroom Per Unit Studio Per Unit ALTERNATIVES None. G:\wp.dtalagenda\FAHRIFAHR2003\0503\03-38.0rdinance 20.0.doc Revised: 8/20/01 Book Page 117 Current Base Charge $ 110.00 $ 675.00 $1,600.00 $2,530.00 $2,165.00 $1 ,820.00 $1,475.00 $1,130.00 $1,965.00 $1,620.00 $1 ,275.00 $ 910.00 $ 580.00 Proposed Base Charge $ 170.00 $1,040.00 $2,470.00 $3,890.00 $3,330.00 $2,800.00 $2,270.00 $1,740.00 $3,020.00 $2,490.00 $1,960.00 $1 ,400.00 $ 890.00 Page 3 CEQA FINDINGS NIA ATTACHMENTS 1 . Staff Report GGS:lc G:lwp.dta\agenda\FAHRIFAHR2003\0503\03-38.0rdinance 20.0.doc Revised: 8/20/01 Page 4 Book Page 118 May 5, 2003 STAFF REPORT Sewer User Fees BACKGROUND OCSD collects three types of sewer user fees using two methods of collection. Annual fees are collected as a separate line item on the property tax bill for two types: residential users and non-residential users. Quarterly invoices are mailed directly to approximately 500 Permit Users. These users have been identified by our Source Control Division as those with "priority pollutants," or with potential for a significant impact on the treatment process. Residential users are charged a flat rate for each house or unit. Although we typically refer to the residential rate as the rate for a single-family residence (SFR), there are actually three residential rates based upon average flow relationships. The SFR rate proposed for 2003-04 is $105.00. The rate for each unit in an apartment complex, the MFR or multi-family rate, is 70% of the SFR rate or $73.50. The final residential rate is for mobile homes that have been shown by census and flow data to discharge 50% of the SFR flow. Therefore, the proposed annual rate for mobile homes is $52.50. These fees for residential use are collected as a separate line item on the property tax bill and provide about two-thirds of our user fee income. The five-year schedule of proposed residential sewer user fees is shown in Attachment 1. The Directors will recall that the July 2001, decision to move to secondary treatment discharge standards as rapidly as possible included two directives. One was to maximize currently available secondary treatment facilities, which increases operations and maintenance expenses, and the second was to design and build additional facilities, which increases the capital outlay. Both of these initiatives will increase costs and fees for several years. Despite the proposed user fee increases, our ratepayers continue to get a lot for their money. In a recently released national survey, the Association of Municipal Sewerage Agencies (AMSA) reported that in 2002, the average rate component of those agencies that had rates and some property tax was $130 per year (the minimum was the OCSD rate of $78). The current five-year rate schedule will put OCSD users at $126 in 2004-05, a full three years after the national average was $130. We will not reach the $192 high rate of 2002 until 2005. The five-year rate proposed for all users is shown in Attachment 1 , while the residential rates are summarized below. SFR MFR ANNUAL SEWER SERVICE USER FEES 2003-04 $105.00 $ 73.50 2004-05 $126.00 $ 88.20 2005-06 $151.00 $105.70 OCSD P.O. Box 8127 Fountain Valley. CA 92728-8127 (714) 962-2411 Book Page 119 2006-07 $181.00 $126.70 2007-08 $217.00 $151.90 Non-Residential Sewer User Fees Page 2 of 2 May 5, 2003 The non-residential user fees collected -as a separate line item on the property tax bill account for about one-third of our total user fees. As a part of the Rate Advisory Committee process during the 1999 Strategic Plan use ratios were developed for nearly 100 types of non- residential development. These ratios are the result of calculating average flow, BOD and SS discharges for the various user groupsj allocating the total use to square feet of building and comparing that to a typical SFR. The result is a listing of 28 rates per 1,000 square feet of building expressed as a percentage of the annual SFR rate. As one might expect, these ratios range from a low of 7% for warehouses to a high of 796% for car washes. The annual rates for these non-industrial users are not adopted separately. The ratios are adopted and specified in the Ordinance. The user rates are a simple multiplication, then, of the proper ratio and the SFR rate that is adopted. The impact of rate changes on these non-residential users as groups can be shown in Attachment 2. This schedule lists the categories of use, the number of parcels and square feet, the SFR ratio, the current and proposed rates, the current and proposed total annual charges, the proposed total increase, and the average increase. The total annual non-residential impact is expected to be approximately $5 million, or $200 per parcel. The largest average impact is projected to be on hotels and lowest on used car lots. The average impact was calculated on a per parcel basis, which should approximate a per business basis. The total annual charges are calculated on the basis of square feet within the buildings. The Permit User is also a non-residential user. Any fees collected as a separate line item on the property tax bill are deducted for the actual Permit User fee. The nearly 500 Permit Users paid approximately $5 million this year after adjustments for property taxes and user fees collected on the tax bill. These users are billed directly based upon actual flow, BOD and SS discharged to the sewers. The gross impact on the rate proposal is shown on Attachments 3 and 4. This is the total cost of service and the impact of the proposed rates before adjustments for property taxes and user fees from the property tax bill. The quantities used for the analysis are from 2000-01 and will not be used for next year's invoices. The Permit Users are listed in the order of total charges for 2002-03 on Attachment 3, and alphabetically on Attachment 4. The proposed permit user rates for 2003-04 and a comparison to 2002-02 are shown below. 2003-04 2002-03 Alternative Actual Increase Flow, mg $316.38 $282.92 $33.46 BOD, 1,000# $233.00 $190.65 $42.35 SS, 1,000# $230.14 $184.55 $45.59 The component rates increase at different percentages based upon operations and maintenance costs per unit process and the GIP attributable to flow, BOD or SS. The most significant factor in the rate calculation this year is the change in the capital improvement program (GIP) for 2003-04. Because of the Board's direction to reach secondary treatment standards within the next ten years, the ten-year GIP and increased emphasis on BOD and SS have shifted the rates away from flow. GGS:lc G:\wp.dta\fin\21 O\CRANE\FAHR\FAHR2003\MA Y\Non-Residential Sewer User Fees.doc Book Page 120 OCSD Sewer User Fee Projections Fiscal Years 2003-04 through 2007-08 2003-04 2004-05 2005-06 2006-07 2007-08 Residential Users Single Family Residence $ 105.00 $ 126.00 $ 151.00 $ 181 .00 $ 217.00 Multi-Family Residence (per unit) 73.50 88.20 105.70 126.70 151.90 Non Residential Users {eer 1,000 sg ft} Group 1 7% $ 7.40 $ 8.80 $ 10.60 $ 12.70 $ 15.20 Group 2 10% 10.50 12.60 15.10 18.10 21.70 Group 3 17% 17.90 21.40 25.70 30.80 36 .90 Group 4 20% 21 .00 25.20 30.20 36.20 43.40 Group 5 23% 24.20 29.00 34.70 41 .60 49.90 Group 6 27% 28.40 34.00 40.80 48.90 58.60 Group 7 29% 30.50 36.50 43.80 52.50 62.90 Group 8 30% 31 .50 37.80 45.30 54.30 65.10 Group 9 41% 43.10 51 .70 61.90 74.20 89.00 Group 10 50% 52.50 63.00 75.50 90.50 108.50 Group 11 51% 53.60 64.30 77.00 92.30 110.70 Group 12 53% 55.70 66.80 80.00 95.90 115.00 Group 13 70% 73.50 88 .20 105.70 126.70 151 .90 Group 14 82% 86.10 103.30 123.80 148.40 177.90 Group 15 85% 89.30 107.10 128.40 153.90 184.50 Group 16 97% 101.90 122.20 146.50 175.60 210.50 Group 17 100% 105.00 126.00 151.00 181.00 217.00 Group 18 101% 106.10 127.30 152.50 182.80 219.20 Group 19 102% 107.10 128.50 154.00 184.60 221 .30 Group 20 112% 117.60 141.10 169.10 202.70 243.00 Group 21 124% 130.20 156.20 187.20 224.40 269.10 Group 22 139% 146.00 175.10 209.90 251 .60 301.60 Group 23 144% 151 .20 181.40 217.40 260.60 312.50 Group 24 151% 158.60 190.30 228.00 273.30 327.70 Group 25 226% 237.30 284.80 341 .30 409.10 490.40 Group 26 300% 315.00 378.00 453.00 543.00 651 .00 Group 27 600% 630.00 756.00 906.00 1,086.00 1,302.00 Group 28 796% 835.80 1,003.00 1,202.00 1,440.80 1,727.30 Permit Users Flow, per million gallons $ 316.38 $ 389.79 $ 485.10 $ 577.21 $ 686.40 BOD, per 1,000 pounds 233.00 278.06 330.43 396.81 476.59 SS, per 1,000 pounds 230.14 272.08 318.63 383.66 462.47 G:\excel.dta\fin\21 O\streed\old d copy\STRATPLN\2003-04 5 year rate sch.xis Book Page 121 51312003 ATTACHMENT 2 Page 1of3 Rate Change Impact on Sewer Service User Fees Collected on Property Tax Bill 2002-03 to 2003-04 Rate 2002-03 2002-03 2003-04 2003-04 Average Assessor Total Total Percent Rate Per Total Rate Per Total Total Increase Code Description Parcels Sg. Feet/ Units of SFR 1000 sg ft Fees 1000 sq ft Fees Increase Per Parcel 2 ONE RESIDENCE 420,143 100% $ 87.50 $36,763,000 $ 105.00 $44, 115,000 $7,352,000 $17 3 TWO OR MORE SFR 6,390 13,744 70% $ 61.25 $842,000 $ 73.50 $1 ,010,000 $168,000 $26 4 MISC IMPROVEMENT 143 1,073,616 100% $ 87.50 $13,000 $ 105.00 $15,000 $2,000 $14 5 COMMON AREA PARCEL 0% $ $ $0 6 "HOLD" PARCEL 0% $ $ $0 7 MOBILEHOME 12,349 14,835,649 50% $ 43.75 $540,000 $ 52.50 $648,000 $108,000 $9 8 EQUIV TO VACANT 0% $ $ $0 10 DUPLEX ONLY 5,352 10,716 70% $ 61.25 $656,000 $ 73.50 $788,000 $132,000 $25 11 TRIPLEX ONLY 1,956 5,875 70% $ 61.25 $360,000 $ 73.50 $432,000 $72,000 $37 12 04-UNITS ONLY 6,781 27,092 70% $ 61.25 $1,659,000 $ 73.50 $1,991,000 $332,000 $49 13 5TO16 UNITS 4,003 35,222 70% $ 61.25 $2,157,000 $ 73.50 $2,589,000 $432,000 $108 14 17 TO 25 UNITS 587 12, 128 70% $ 61.25 $743,000 $ 73.50 $891,000 $148,000 $252 15 26-40 UNITS ONLY 336 11 ,904 70% $ 61.25 $729,000 $ 73.50 $875,000 $146,000 $435 16 41-99 UNITS ONLY 552 35,291 70% $ 61 .25 $2,162,000 $ 73.50 $2,594,000 $432,000 $783 to 17 100 OR MORE UNITS 393 71,710 70% $ 61.25 $4,392,000 $ 73.50 $5,271,000 $879,000 $2,237 0 0 18 A MIX OF FORMS 3,367 19,535,824 70% $ 61.25 $206,000 $ 73.50 $247,000 $41 ,000 $12 ::-;' "ti 19 SFR WITH 1 OR 2 RENTALS 52 116 85% $ 74.38 $9,000 $ 89.25 $10,000 $1,000 $19 i» (IQ (1) Total Residential Fees 462,404 $51,231,000 $61,476,000 $10,245,000 ..... $22 N N 20 AMUSEMENT PARKS 11 856,904 144% $ 126.00 $108,000 $ 151.20 $130,000 $22,000 $2,000 21 AUTOMOBILE DEALERSHIP 182 3,552,311 41% $ 35.88 $127,000 $ 43.05 $153,000 $26,000 $143 22 AUTO REPAIR SHOP 580 2,675,867 41% $ 35.88 $96,000 $ 43.05 $115,000 $19,000 $33 23 AUTOMOTIVE SERVICE 371 1,945,654 41% $ 35.88 $70,000 $ 43.05 $84,000 $14,000 $38 24 USED CAR LOT 88 167,830 41% $ 35.88 $6,000 $ 43.05 $7,000 $1 ,000 $11 26 AIRPORT AND RELATED 4 66,318 53% $ 46.38 $3,000 $ 55.65 $4,000 $1,000 $250 28 BOWLING ALLEYS 12 399,613 112% $ 98.00 $39,000 $ 117.60 $47,000 $8,000 $667 29 CONVENTIONAL CAR WASH 76 207,724 796% $ 696.50 $145,000 $ 835.80 $174,000 $29,000 $382 30 COIN OPERATED CAR WASH 45 112,872 151% $ 132.13 $15,000 $ 158.55 $18,000 $3,000 $67 32 CEMETERY & RELATED 24 353,642 101% $ 88.38 $31,000 $ 106.05 $38,000 $7,000 $292 33 CHURCH BUILDINGS 728 11,666,530 20% $ 17.50 $204,000 $ 21 .00 $245,000 $41,000 $56 34 DORMITORY 11 396,026 97% $ 84.88 $34,000 $ 101.85 $40,000 $6,000 $545 35 ENTERT Al NM ENT CENTER 15 1,186,001 144% $ 126.00 $149,000 $ 151.20 $179,000 $30,000 $2,000 36 FINANCIAL BUILDINGS 264 2,747,278 27% $ 23.63 $65,000 $ 28.35 $78,000 $13,000 $49 37 FRATERNAL BUILDINGS 72 710,466 51% $ 44.63 $32,000 $ 53.55 $38,000 $6,000 $83 38 FUNERAL HOME 22 146,689 101% $ 88.38 $13,000 $ 106.05 $16,000 $3,000 $136 39 GOLF COURSE 40 566,762 41% $ 35.88 $20,000 $ 43.05 $24,000 $4,000 $100 40 HEALTH CLUB 23 1,044,985 29% $ 25.38 $27,000 $ 30.45 $32,000 $5,000 $217 42 HOSPITAL 39 3,529,411 97% $ 84.88 $300,000 $ 101 .85 $359,000 $59,000 $1 ,513 43 HOTEL 76 11, 141 ,452 97% $ 84.88 $946,000 $ 101.85 $1,135,000 $189,000 $2,487 44 LUMBER/CONSTR MATL YARD 8 90,433 17% $ 14.88 $1,000 $ 17.85 $2,000 $1,000 $125 45 MARINAS 22 83,328 53% $ 46.38 $4,000 $ 55.65 $5,000 $1 ,000 $45 47 SUPERMARKET 98 3,223,508 151% $ 132.13 $426,000 $ 158.55 $511,000 $85,000 $867 G:\excel.dtalfin\21 Olstreedluse codes 02-03 adj.xis 5/3/2003 Page 2 of 3 Rate Change Impact on Sewer Service User Fees Collected on Property Tax Bill 2002-03 to 2003-04 Rate 2002-03 2002-03 2003-04 2003-04 Average Assessor Total Total Percent Rate Per Total Rate Per Total Total Increase Code Description Parcels Sq. FeeU Units of SFR 1000 sq ft Fees 1000 sq ft Fees Increase Per Parcel 48 CONVENIENCE MARKET 137 402,779 151% $ 132.13 $53,000 $ 158.55 $64,000 $11,000 $80 50 SINGLE MEDICAL BLDGS TO 3 STORIES 853 5,709,390 124% $ 108.50 $619,000 $ 130.20 $743,000 $124,000 $145 51 SMALL MEDICAL CENTER 35 1,098,332 124% $ 108.50 $119,000 $ 130.20 $143,000 $24,000 $686 52 MEDICAL CENTER COMPLEX 21 528,141 124% $ 108.50 $57,000 $ 130.20 $69,000 $12,000 $571 53 HIGH RISE MEDICAL 41 1,466,665 124% $ 108.50 $159,000 $ 130.20 $191 ,000 $32,000 $780 54 CONVERTED RESIDENCE TO MEDICAL 26 51,491 124% $ 108.50 $6,000 $ 130.20 $7,000 $1,000 $38 55 MOBILE HOME PARK 204 23,944 50% $ 43.75 $1,000 $ 52.50 $1,000 $0 $0 56 MOTELS AND MOTOR HOTELS 359 10,801,430 97% $ 84.88 $917,000 $ 101.85 $1 ,100,000 $183,000 $510 57 MOTORCYCLE/SMALL VEHICLE BLDG 11 23,716 41% $ 35.88 $1,000 $ 43.05 $1 ,000 $0 $0 58 NURSERIES (PLANTS) 34 257,661 10% $ 8.75 $2,000 $ 10.50 $3,000 $1,000 $29 60 NURSING HOME 44 945,725 102% $ 89.25 $84,000 $ 107.10 $101,000 $17,000 $386 61 CONVALESCENT HOSPITALS 67 2,548,592 102% $ 89.25 $227,000 $ 107.10 $273,000 $46,000 $687 62 CONVERTED RES USED AS NURSING 16 66,590 102% $ 89.25 $6,000 $ 107.10 $7,000 $1 ,000 $63 63 LOW RISE RETIREMENT BUILDING 29 1,374,640 70% $ 61 .25 $84,000 $ 73.50 $101,000 $17,000 $586 to 64 HIGH RISE RETIREMENT BUILDING 16 1,175,620 70% $ 61 .25 $72,000 $ 73.50 $86,000 $14,000 $875 0 0 65 SINGLE OFFICE BLDGS TO 3 STORIES 3,618 43,765,258 41% $ 35.88 $1 ,570,000 $ 43.05 $1,884,000 $314,000 $87 po;' "ti 66 SMALL OFFICE CENTER 137 5,952,919 41% $ 35.88 $214,000 $ 43.05 $256,000 $42,000 $307 l>l (IQ 67 OFFICE COMPLEX 34 4,914,494 41% $ 35.88 $176,000 $ 43.05 $212,000 $36,000 $1,059 Cl> ...... 68 HIGH RISE OFFICE 176 27,555,342 30% $ 26.25 $723,000 $ 31.50 $868,000 $145,000 $824 N Vl 69 CONVERTED RESIDENCE TO OFFICE 348 641,748 41% $ 35.88 $23,000 $ 43.05 $28,000 $5,000 $14 71 PARKING GARAGE 16 1,093,443 17% $ 14.88 $16,000 $ 17.85 $20,000 $4,000 $250 72 PAVED PARKING LOT 17 290,505 17% $ 14.88 $4,000 $ 17.85 $5,000 $1,000 $59 73 RECREATION 25 457,420 144% $ 126.00 $58,000 $ 151.20 $69,000 $11,000 $440 74 RECREATION VEHICLE PARK 7 43,990 27% $ 23.63 $1,000 $ 28.35 $1,000 $0 $0 76 RESTAURANT -TAKE OUT 340 855,072 300% $ 262.50 $224,000 $ 315.00 $269,000 $45,000 $132 77 RESTAURANT-COFFEE SHOP 525 1,725,398 600% $ 525.00 $906,000 $ 630.00 $1,087,000 $181,000 $345 78 RESTAURANT-DINNER HOUSE 417 2,718,822 600% $ 525.00 $1 ,427,000 $ 630.00 $1 ,713,000 $286,000 $686 79 RESTAURANT-CONVERSION FROM SFR 5 22,213 600% $ 525.00 $12,000 $ 630.00 $14,000 $2,000 $400 81 PRE-SCHOOLS, NURSERY OR CARE 141 737,537 82% $ 71 .75 $53,000 $ 86.10 $64,000 $11,000 $78 82 PRIVATE SCHOOLS 91 2,322,549 82% $ 71.75 $167,000 $ 86.10 $200,000 $33,000 $363 83 AUTOMOTIVE SERVICE STATION 354 675,376 41% $ 35.88 $24,000 $ 43.05 $29,000 $5,000 $14 84 MARINE SERVICE STATION 1 934 41% $ 35.88 $0 $ 43.05 $0 $0 $0 85 COMBIN: SERV STN/RESTAURANT 2 6,033 100% $ 87.50 $1,000 $ 105.00 $1,000 $0 $0 86 COMBIN:SERVICE STN/CONVIENCE MKT 137 291,788 41% $ 35.88 $10,000 $ 43.05 $13,000 $3,000 $22 88 CONVENIENCE SHOPPING CENTER 340 11,470,787 53% $ 46.38 $532,000 $ 55.65 $638,000 $106,000 $312 89 NEIGHBORHOOD SHOPPING CENTER 403 16,695,917 139% $ 121.63 $2,031,000 $ 145.95 $2,437,000 $406,000 $1 ,007 90 COMMUNITY SHOPPING CENTER 450 12,892,278 226% $ 197.75 $2,549,000 $ 237.30 $3,059,000 $510,000 $1,133 91 REGIONAL SHOPPING CENTER 3 864,832 126% $ 110.40 $95,000 $ 132.30 $114,000 $19,000 $6,333 92 SKATING RINKS 4 106,844 112% $ 98.00 $10,000 $ 117.60 $13,000 $3,000 $750 94 DEPARTMENT STORE 30 3,108,114 23% $ 20.13 $63,000 $ 24.15 $75,000 $12,000 $400 95 DISCOUNT STORE 56 3,908,095 23% $ 20.13 $79,000 $ 24.15 $94,000 $15,000 $268 96 UNATTACHED SINGLE STORE 1,465 9,355, 193 23% $ 20.13 $188,000 $ 24.15 $226,000 $38,000 $26 97 STRIP STORE 1,153 9,587,263 23% $ 20.13 $193,000 $ 24.15 $232,000 $39,000 $34 . . . -5/3/2003 Page 3 of3 Rate Change Impact on Sewer Service User Fees Collected on Property Tax Bill 2002-03 to 2003-04 Rate 2002-03 2002-03 2003-04 2003-04 Average Assessor Total Total Percent Rate Per Total Rate Per Total Total Increase Code Description Parcels Sq. Feet/ Units ofSFR 1000sgft Fees 1000 sg ft Fees Increase Per Parcel 98 STORE WITH OFFICES OR LIV QTR 407 3,158,725 82% $ 71.75 $227,000 $ 86.10 $272,000 $45,000 $111 99 STORE W/ OFFICE UPSTAIRS 43 580,595 82% $ 71 .75 $42,000 $ 86.10 $50,000 $8,000 $186 100 DRIVE-IN THEATER 0 0 10% $ 8.75 $0 $ 10.50 $0 $0 101 UNATTACHED THEATER 27 888,754 51% $ 44.63 $40,000 $ 53.55 $48,000 $8,000 $296 103 CHEMICAL TANK AND BULK STORAGE 4 64,337 100% $ 87.50 $6,000 $ 105.00 $7,000 $1,000 $250 104 FOOD PROCESSING PLANT 17 1,316,765 100% $ 87.50 $115,000 $ 105.00 $138,000 $23,000 $1,353 105 COLD STORAGE PLANT 16 869,917 100% $ 87.50 $76,000 $ 105.00 $91,000 $15,000 $938 106 FACTORY 149 11,212,652 100% $ 87.50 $981,000 $ 105.00 $1,177,000 $196,000 $1,315 107 LIGHT INDUSTRIAL· SINGLE TENANT 2,016 48,062,998 50% $ 43.75 $2,103,000 $ 52.50 $2,523,000 $420,000 $208 108 LIGHT INDUSTRIAL· MUL Tl TENANT 876 20,074,673 50% $ 43.75 $878,000 $ 52.50 $1,054,000 $176,000 $201 109 RESEARCH AND DEVELOPMENT 36 3,578,301 50% $ 43.75 $157,000 $ 52.50 $188,000 $31,000 $861 110 WAREHOUSE -SINGLE TENANT 3,553 85,646,565 17% $ 14.88 $1,274,000 $ 17.85 $1,529,000 $255,000 $72 111 WAREHOUSE -MUL Tl TENANT 1,817 28,383,536 17% $ 14.88 $422,000 $ 17.85 $507,000 $85,000 $47 112 STEEL BUILDING 142 1,987,394 7% $ 6.13 $12,000 $ 7.35 $15,000 $3,000 $21 to 113 MINI-WAREHOUSE 167 9,711,000 7% $ 6.13 $.59,000 $ 7.35 $71,000 $12,000 $72 0 114 INDUSTRIAL PARK 439 22,468,270 50% $ 43.75 $983,000 $ 52.50 $1,180,000 $197,000 $449 0 ::-;-' 115 RECREATIONAL VEHICLE STORAGE 4 4,056 17% $ 14.88 $0 $ 17.85 $0 $0 $0 "O 116 TRUCK TERMINAL 19 892,854 17% $ 14.88 $13,000 $ 17.85 $16,000 $3,000 $158 I» IJ(l (1) 118 GOVERNMENTAL USE 530 12,171,466 82% $ 71.75 $873,000 $ 86.10 $1,048,000 $175,000 $330 ..... 119 PUBLIC UTILITY 1 7,979 100% $ 87.50 $1,000 $ 105.00 $1 ,000 $0 $0 N .j:>. 120 WATER MUTUAL OR COMPANY 6 122,772 100% $ 87.50 $11,000 $ 105.00 $13,000 $2,000 $333 000 CONVERSION-C/I, RURAL 7 153,561 $0 $0 $0 $0 888 CONVERSION-COMPOSITE PROP 27 3,240,579 100% $ 87.50 $284,000 $ 105.00 $340,000 $56,000 $2,074 Non-Residential Total 25,302 490,004,233 $25,174,000 $30,213,000 $5,039,000 $199 G:lexcel.dta\fin\21 Olstreed\use codes 02-03 adj.xis ..... N Vl 5/6/2003 COMPANY NAME A & A DEBURRING & TUMBLING INC. A & G ELECTROPOLISH A & R POWDER COATING INC. A M F ELECTRONICS INC. A P W ENCLOSURE SYSTEMS LLC SOUTH A P W ENCLOSURE SYSTEMS, LLC ARO SERVICE AS M COMPANY INC. ACCURATE CIRCUIT ENGINEERING ACCURATE METAL FABRICATORS INC. ACROBURR INC. #2 ACTIVE PLATING INC. ADVANCE TECH PLATING INC. ADVANCE TECH PLATING INC. #2 AERA ENERGY LLC AERA ENERGY LLC #2 AIR INDUSTRIES CORP. (CHAPMAN) AIR INDUSTRIES CORP.-KNOTT ALEXANDER OIL COMPANY ALL METAL PAINT STRIPPING INC. #2 ALL METALS PROCESSING OF O.C. INC. ALLIED PACIFIC METAL STAMPING ALLOY DIE CASTING CO. ALLOY TECH ELECTROPOLISHING INC. ALLTEK CIRCUIT INC. ALMATRON ELECTRONICS, INC. ALPHANETICS INC. A Total Volume MG 0.4257 0.3143 0.4238 3.6776 4.0854 2.8923 0.2275 0.8253 1.8284 3.5061 0.0707 5.5755 0.5553 0.0330 494.1009 0.0821 1.8805 11.5559 0.1760 0.0465 1.0400 0.6675 1.0518 0.6806 2.0473 2.6648 12.1232 ALSTYLE APPAREL-ACTIVEWEAR MFG. CO. INC. 433.7566 ALTA BELLWOOD HOSPITALS INC. ALUMINUM FORGE -DIV. OF ALUM. PRECISION ALUMINUM PRECISION PRODUCTS INC. CENT ALUMINUM PRECISION PRODUCTS INC.-SUSAN AMERICAN CIRCUIT TECHNOLOGY INC. AMERIMAX BUILDING PRODUCTS INC. AMERIPEC INC. 0.2738 3.4055 1.5704 6.0653 4.0483 2.5048 25.4239 AMETEK AEROSPACE 1.5314 ANAHEIM EXTRUSION CO. INC 1 5997 ANAHEIM GENERAL HOSPITAL 7.6776 ANAHEIM MEMORIAL MEDICAL CENTER 24.3460 ANAHEIM MEMORIAL MEDICAL CENTER -WEST 4.9275 ANAHEIM PLATING & POLISHING INC. 3.4187 ANAHEIM TRUCK DEPOT #2 BIN WASH 0.6163 B Total BOD lbs 1,444 234 127 2,251 3,237 4,386 474 1,721 6,282 5,627 43 1,142 285 69 53,733 171 13,669 15,386 0 146 2,168 5,079 1,907 250 967 2,557 8,052 951,033 571 3,014 5,338 2,412 1,352 544 304,552 3,193 1,105 16,008 50,761 10,274 1,403 1,285 ATTACHMENT 3 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c TortalTSS lbs 1,182 174 184 2,575 7,828 1,979 474 1,721 1,24.S 5,049 45 1,097 134 69 70,213 171 8,259 37,058 0 244 2,168 2,166 1,894 433 447 2,073 2,342 387,633 57 1 11 ,953 1,103 4,304 2,788 1,943 10,648 3,193 1,319 18,008 50,761 10,274 749 1,285 D Vol Chg 2002-3 $282.92 $120 $89 $120 $1,040 $1, 156 $818 $64 $233 $517 $992 $20 $1,577 $157 $9 $139, 791 $23 $532 $3,269 $50 $13 $294 $189 $298 $193 $579 $754 $3,430 $122,718 $77 $963 $444 $1,716 $1,145 $709 $7,193 $433 $453 $2,172 $6,888 $1 ,394 $967 $174 E BOD Chg 2002-3 $190.65 $275 $45 $24 $429 $617 $836 $90 $328 $1, 198 $1,073 $8 $218 $54 $13 $10,244 $33 $2,606 $2,933 $0 $28 $413 $968 $364 $48 $184 $487 $1,535 $181,315 $109 $575 $1 ,018 $460 $258 $104 $58,063 $609 $211 $3,052 $9,678 $1 ,959 $268 $245 F TSS Chg 2002-3 $184.55 $218 $32 $34 $475 $1,445 $365 $88 $318 $230 $932 $8 $202 $25 $13 $12,958 $32 $1,524 $6,839 $0 $45 $400 $400 $349 $80 $82 $383 $432 $71,538 $105 $2,206 $204 $794 $515 $359 $1,965 $589 $243 $2,954 $9,368 $1,896 $138 $237 G:lexcel.dta\fin\210\streedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $614 $166 $178 $1,945 $3,218 $2,020 $242 $879 $1,945 $2,996 $37 $1,998 $236 $35 $162,993 $87 $4,662 $13,042 $50 $86· $1,108 $1 ,557 $1 ,01 1 $320 $846 $1,624 $5,397 $375,571 $292 $3,744 $1,666 $2,970 $1 ,918 $1, 171 $67,221 $1,631 $907 $8,178 $25,934 $5,249 $1,373 $656 H Vol Chg 2003-04 $316.38 $135 $99 $134 $1, 164 $1,293 $915 $72 $261 $578 $1, 109 $22 $1,764 $176 $10 $156,324 $26 $595 $3,656 $56 $15 $329 $211 $333 $215 $648 $843 $3,836 $137,232 $87 $1,077 $497 $1 ,919 $1,281 $792 $8,044 $485 $506 $2,429 $7,703 $1,559 $1,082 $195 J BOD Chg TSS Chg 2003-04 $233.00 $336 $55 $30 $524 $754 $1,022 $111 $401 $1,464 $1,311 $10 $266 $67 $16 $12,520 $40 $3,185 $3,585 $0 $34 $505 $1,183 $444 $58 $225 $596 $1,876 $221,591 $133 $702 $1,244 $562 $315 $127 $70,961 2003-04 $230.14 $272 $40 $42 $593 $1,802 $455 $109 $396 $287 $1,162 $10 $252 $31 $16 $16,159 $39 $1,901 $8,529 $0 $56 $499 $498 $436 $100 $103 $477 $539 $89,210 $131 $2,751 $254 $991 $642 $447 $2,451 $744 $735 $257 $304 $3,730 $3,684 $11 ,827 $11 ,682 $2,394 $2,364 $327 $172 $299 $296 Page 1of12 K Total Chg 2003-04 $743 $194 $206 $2,281 $3,848 $2,392 $292 $1,058 $2,329 $3,582 $43 $2,283 $273 $42 $1 85,002 $105 $5,681 $15,770 $56 $105 $1,333 $1,893 $1,21 3 $373 $976 $1,916 $6,251 $448,033 $351 $4,531 $1,994 $3,472 $2,237 $1,366 $81,455 $1,963 $1,067 $9,843 $31,212 $6,317 $1,581 $790 L Total Increase $129 $28 $28 $336 $631 $373 $49 $179 $384 $586 $6 $285 $37 $7 $22,009 $18 $1 ,018 $2,728 $6 $19 $225 $336 $202 $53 $130 $292 $853 $72,462 $59 $787 $329 $501 $320 $195 $14,234 $332 $160 $1,665 $5,279 $1,068 $208 $134 alphabetical 5/6/2003 COMPANY NAME ANGELICA TEXTILE ANO D'ART, INC. ANODYNE INC. ANOMIL ENT. DBA DANCO METAL SURFACING AQUA-CON COMPANY AQUARIAN COATINGS CORPORATION ARCO PETROLEUM PRODUCTS COMPANY ARNOLD ELECTRONICS, INC. #1 ARROWHEAD PRODUCTS CORPORATION ARROWHEAD PURITAS WATERS (R/O REJECT) ARTISTIC PLATING & METAL FINISHING INC. ASTECH MANUFACTURING INC AUTO-CHLOR SYSTEM OF WASHINGTON, INC. AVIATION EQUIPMENT STRUCTURES, INC. BA F INDUSTRIES BI TECHNOLOGIES, INC B. BRAUN MEDICAL INC. BALI OIL COMPANY BASIC ELECTRONICS, INC. BASIN MARINE INC. BAZZ HOUSTON CO. BEARING INSPECTION INC. BECKMAN COULTER, INC. BLACK OXIDE INDUSTRIES INC. BOEING CO.-SEMICONDUCTOR BOEING COMPANY -BLDG. 271 BOEING COMPANY (GENERAL FAG) BOND TECHNOLOGIES INC. BREA COMMUNITY HOSPITAL BRIDGFORD FOODS CORPORATION BRIGHT ARMOUR PLATING BRINDLEfTHOMAS BRINDLEfTHOMAS OIL COMPANY BRISTOL INDUSTRIES BURLINGTON ENGINEERING INC. BURROWS IND. DBA MINUTEMAN PUMPING CADILLAC PLATING CAL-AURUM INDUSTRIES INC. CALIF CONSOLIDATED WATER PURIFICATION CALIFORNIA CUSTOM SHAPES, INC. CALIFORNIA STATE UNIVERSITY AT FULLERTON CAL-TRONICS CIRCUIT INC. -SANTAANA A Total Volume MG 97.7260 4.9479 10.9589 5 8670 1.2147 0.7831 0.0548 12.7707 13.4392 5.5100 11.4569 17,6119 0.1336 0.5027 2.2747 4.4032 260.0845 2.8369 0.5150 0 1188 3.3170 1.6625 14.7494 5.8769 21.8348 0.4440 71.6813 1.8748 2.7375 10 1391 3.6804 0.1460 2.1900 9.0225 1.2675 5.8124 2.0139 22.6959 15.2512 2.1650 85 3916 2.0917 B Total BOD lbs 54,716 346 1,929 511 52 546 104 3,120 11,503 1,812 2,561 1,955 4,080 1,048 4,503 3,566 102,517 0 1,455 248 1,859 3,539 15,963 1,051 43,480 35 150,641 1,903 5,708 2,033 275 0 20,347 3,780 5,905 23,449 817 1,160 809 780 71,217 2,301 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 43,558 2,459 5,590 7,450 429 320 104 5,512 12,225 3,418 3,269 1,955 87 1.048 91 9 3.258 51,143 1,136 364 248 1,690 3,981 19,927 1,336 43,480 100 143,667 1,903 5,708 2,033 1,607 0 603 5,043 850 8,681 592 3,560 80.498 2,340 53,412 274 D Vol Chg 2002-3 $282.92 $27,649 $1,400 $3,100 $1,660 $344 $222 $16 $3,613 $3,802 $1 ,559 $3,241 $4,983 $38 $142 $644 $1,246 $73,583 $803 $146 $34 $938 $470 $4,173 $1,663 $6, 178 $126 $20,280 $530 $774 $2,869 $1,041 $41 $620 $2,553 $359 $1,644 $570 $6,421 $4,315 $613 $24,159 $592 E BOD Chg 2002-3 $190.65 $10,432 $66 $368 $97 $10 $104 $20 $595 $2, 193 $345 $488 $373 $778 $200 $858 $680 $19,545 $0 $277 $47 $354 $675 $3,043 $200 $8,289 $7 $28,720 $363 $1 ,088 $388 $52 $0 $3,879 $721 $1,126 $4,471 $156 $221 $154 $149 $13,577 $439 F TSS Chg 2002-3 $184.55 $8,039 $454 $1,032 $1,375 $79 $59 $19 $1,017 $2,256 $631 $603 $361 $16 $193 $170 $601 $9,438 $210 $67 $46 $312 $735 $3,678 $246 $8,024 $19 $26,514 $351 $1,053 $375 $297 $0 $111 $931 $157 $1,602 $109 $657 $14,856 $432 $9,857 $51 G Total Chg '2002-3 $46, 119 $1,920 $4,500 $3, 132 $433 $385 $55 $5,225 $8,251 $2,535 $4,333 $5,716 $832 $535 $1,672 $2,527 $102,566 $1,012 $490 $127 $1,605 $1,880 $1 0,894 $2, 109 $22,491 $151 $75,514 $1,244 $2,916 $3,631 $1 ,390 $41 $4,610 $4.204 $1,641 $7,717 $835 $7,299 $19,325 $1, 193 $47,594 $1,081 H Vol Chg 2003-04 $316.38 $30,919 $1,565 $3,467 $1,856 $384 $248 $17 $4,040 $4,252 $1,743 $3,625 $5,572 $42 $159 $720 $1,393 $82,286 $898 $163 $38 $1,049 $526 $4,666 $1 ,859 $6,908 $140 $22,679 $593 $866 $3,208 $1, 164 $46 $693 $2,855 $401 $1 ,839 $637 $7,181 $4,825 $685 $27,016 $662 BOD Chg 2003-04 $233.00 $12,749 $81 $449 $119 $12 $127 $24 $727 $2,680 $422 $597 $455 $951 $244 $1 ,049 $831 $23,886 $0 $339 $58 $433 $825 $3,719 $245 $10,131 $8 $35,099 $443 $1 ,330 $474 $64 $0 $4,741 $881 $1 ,376 $5,464 $190 $270 $188 $182 $16,593 $536 J TSS Chg 2003-04 $230.14 $10,024 $566 $1,286 $1,715 $99 $74 $24 $1,269 $2,813 $787 $752 $450 $20 $241 $212 $750 $11 ,770 $261 $84 $57 $389 $916 $4,586 $307 $10,007 $23 $33,063 $438 $1,314 $468 $370 $0 $139 $1 ,161 $196 $1,998 $136 $819 $18,526 $538 $12,292 $63 Page 2of12 K Total Chg 2003-04 $53,692 $2,212 $5,203 $3,690 $495 $449 $66 $6,036 $9,746 $2,952 $4,974 $6,477 $1 ,013 $644 $1 ,980 $2,974 $117,942 $1,159 $586 $152 $1 ,872 $2,267 $12,972 $2,412 $27,046 $172 $90,841 $1,474 $3,510 $4,149 $1 ,598 $46 $5,572 $4,896 $1,972 $9,300 $964 $8,270 $23,539 $1 ,4-05 $55,902 $1,261 ' L Total Increase $7,573 $292 $703 $558 $62 $64 $11 $811 $1,494 $417 $641 $761 $181 $109 $309 $447 $15,376 $147 $95 $26 $267 $387 $2,078 $302 $4,554 $21 $15,328 $230 $594 $518 $208 $5 $962 $692 $331 $1 ,583 $129 $971 $4,214 $212 $8,308 $180 ..... N -..J 5/6/2003 COMPANY NAME CAMBRO MANUFACTURING CANNON EQUIPMENT WEST INC. CAPRO OIL COMPANY CARGILL INC. CARTEL ELECTRONICS CASE SWAYNE, INC. CATALINA CYLINDERS A DIV. OF APP CEMPI INDUSTRIES INC. CENTRAL POWDER COATING CENTURY CIRCUIT SERVICES CENTURY LAMINATORS INC. CERADYNE INC. (MACHINE SHOP) CEROMET INC. CHAPMAN MEDICAL CENTER CHEEK ENGINEERING & STAMPING CHROMA SYSTEMS PARTNERS CHROME TECHNOLOGY, INC. CIRCUIT ACCESS CIRCUIT CENTER CIRCUIT TECH INC. CIRTECH INC. CITY OF ANAHEIM -WATER SERVICES CITY OF HUNTINGTON BEACH FIRE DEPARTMEN CITY OF NEWPORT BEACH CITY OF TUSTIN -MAINTENANCE YARD CITY OF TUSTIN WATER SERVICE (17TH ST.) CITY OF TUSTIN, WATER SERVICE (MAIN ST.) CLASSIC PLATING INC CLEUGH'S RHUBARB COMPANY COASTLINE METAL FINISHING CORP. COIN LAUNDRY C/O FRANZ LIEM COLUMBIA HUNTINGTON BEACH HOSPITAL COLUMBINE ASSOCIATES CONEXANT SYSTEMS, INC. CONTINUOUS COATING CORPORATION COOPER AND BRAIN INC. COPPER CLAD MULTILAYER PRODUCTS INC. COSMOTRONIC CORPORATION CRAZY SHIRTS INC. CREST COATING INC. CRITERION MACHINE WORKS CROCKETT CONTAINER CORP. A Total Volume MG 3.9216 1.6547 1.7514 4.4876 2.4260 9.1525 7.1849 0.3092 0.4466 4.1890 20.7897 1.3397 0.5332 2.7375 0.7028 178.5378 3.7358 0.0406 0.1065 0.7505 6.6467 7.6110 2.3159 2.2632 0.0211 120.5313 5.5262 3.2568 5.6441 6.6595 0.1505 4.3800 0.2637 610.1060 15.0683 16.5687 17.8300 4.8467 0.8125 3.0720 0.4363 0.6175 B Total BOD lbs 4,472 1,663 0 16,298 1,466 40,506 3,961 560 295 679 4,924 5,178 1,112 5,708 879 172,246 915 65 6 457 6,459 95 1,217 14 44 4,077 19 777 90,268 1,174 0 9,132 0 15,015 1,135 1,658 6,522 11,512 1,694 8,755 573 1,267 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Tot.al TSS lbs 4,472 1.986 0 6,427 746 5,722 5,1 32 560 232 1,608 4,432 2,438 1,112 5,708 298 55,207 2,125 85 6 437 6,610 163,891 946 14 44 27.192 433 649 6',329 2,11 2 0 9,132 0 50,212 3,558 4,560 2,268 2,791 1,694 3,760 573 1,287 D Vol Chg 2002-3 $282.92 $1,109 $525 $496 $1,270 $667 $2,589 $2,033 $67 $127 $1,165 $5,862 $379 $151 $774 $199 $50,512 $1,057 $11 $30 $212 $1,880 $2, 153 $655 $640 $6 $34, 101 $1 ,563 $921 $1,597 $1,884 $43 $1,239 $80 $172,611 $4,263 $4,688 $5,044 $1,371 $230 $869 $123 $175 E BOD Chg 2002-3 $190.65 $853 $355 $0 $3, 107 $283 $7,722 $755 $107 $56 $129 $939 $987 $212 $1,088 $168 $32,839 $174 $16 $1 $87 $1,231 $16 $232 $3 $8 $777 $4 $148 $17,210 $224 $0 $1,741 $0 $2,863 $216 $316 $1,625 $2, 195 $323 $1,669 $109 $245 F TSS Chg 2002-3 $184.55 $825 $367 $0 $1, 186 $138 $1,056 $947 $103 $43 $297 $818 $450 $205 $1,053 $55 $10,188 $392 $16 $1 $81 $1 ,220 $30,246 $175 $3 $8 $5,018 $80 $120 $1, 168 $390 $0 $1 ,685 $0 $9,267 $657 $842 $418 $515 $313 $698 $106 $238 G:\excel.dtalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $2,788 $1,247 $496 $5,563 $1,108 $11,368 $3,735 $298 $226 $1,611 $7,6.39 $1,816 $568 $2,916 $421 $93,539 $1 ,623 $43 $32 $380 $4,332 $32,417 $1,062 $645 $22 $39,896 $1,647 $1,189 $19,974 $2,498 $43 $4,666 $80 $184,740 $5, 136 $5,845 $7,088 $4,081 $865 $3.236 $339 $658 H Vol Chg 2003-04 $316.38 $1,241 $567 $554 $1,420 $768 $2,696 $2,273 $98 $142 $1,325 $6,577 $424 $169 $666 $222 $56,466 $1,162 $13 $34 $237 $2, 103 $2,408 $733 $716 $7 $36,134 $1,746 $1,030 $1,766 $2, 107 $46 $1,366 $90 $193,025 $4,767 $5,242 $5,641 $1 ,533 $257 $972 $136 $195 BOD Chg 2003-04 $233.00 $1,042 $434 $0 $3,797 $346 $9,436 $923 $131 $69 $156 $1, 147 $1,207 $259 $1,330 $205 $40, 133 $213 $20 $1 $107 $1,505 $22 $264 $3 $10 $950 $4 $181 $21,032 $274 $0 $2, 128 $0 $3,496 $264 $366 $1,966 $2,662 $395 $2,040 $134 $300 J TSS Chg 2003-04 $230.14 $1,029 $457 $0 $1,479 $172 $1,317 $1,161 $129 $53 $370 $1,020 $561 $256 $1,314 $69 $12,705 $469 $19 $1 $100 $1 ,521 $37,718 $218 $3 $10 $6,258 $100 $149 $1,457 $466 $0 $2,102 $0 $11,556 $619 $1,049 $522 $642 $390 $670 $132 $296 Page 3of12 K Total Chg 2003-04 $3,312 $1,476 $554 $6,696 $1,266 $13,650 $4,377 $357 $264 $1,854 $6,745 $2, 191 $664 $3,510 $496 $109,324 $1,884 $52 $36 $444 $5,129 $40, 146 $1,234 $722 $27 $45,342 $1,852 $1,361 $24,275 $2,866 $48 $5,615 $90 $208,080 $5,851 $6,678 $6, 149 $4,858 $1 ,042 $3,882 $404 $792 L Total Increase $525 $232 $59 $1,133 $178 $2,283 $642 $60 $36 $242 $1,106 $375 $116 $594 $74 $15,785 $261 $9 $4 $64 $797 $7,730 $172 $77 $5 $5,445 $205 $171 $4,300 $369 $5 $950 $9 $23,339 $714 $633 $1,061 $777 $176 $646 $65 $134 alphabetical 5/6/2003 COMPANY NAME CULLIGAN WATER CONDITIONING CUSTOM ENAMELERS INC. CYTEC FIBERITE INC. -MIX HOUSE D & S CUSTOM PLATING INC. DAE SHIN USA, INC. DANONE WATERS OF N. A. -ANAHEIM DANONE WATERS OF N. A. -SANTAANA DATA AIRE INC. #2 DATA ELECTRONIC SERVICES INC. DATA SOLDER SERVICES DEAN FOODS CO OF CALIF. INC(MILK PLANT) DEAN FOODS CO. OF CALIF. INC.(ICE CREAM) DELPHI AUTOMOTIVE SYSTEMS DERM COSMETICS LAB'S INC. DETAILS INC #3, OBA DYNAMIC DETAILS INC DISNEYLAND RESORT DITTY DRUM COMPANY, INC. DON MIGUEL MEXICAN FOODS INC. DONG PHUONG TOFU DUCOMMUN AEROSTRUCTURES DUNHAM METAL PROCESSING DYE TECHNIQUE INC. DYNAMIC DETAILS INC. E FT FAST QUALITY SERVICE, INC. EATON CORPORATION ECONOLITE CONTROL PRODUCTS INC. EDWARDS LIFESCIENCES LLC EL METATE FOODS, INC. EL TORO MEAT SHOP ELECTRO METAL FINISHING CORPORATION ELECTROLURGY INC. ELECTRON PLATING Ill INC. ELECTRONIC PRECISION SPECIAL TIES INC. ELECTRORACK PRODUCTS CO. INC. ELECTROSERVICES 2000 INC. EMBEE INC #1 EMBEE INC. #2 EMBEE INC. #3 ENGINEERING PLATING CORPORATION ENGRAVERS INK CO ENTHONE INC. ESSEX GROUP INC . A Total Volume MG 21.3383 1.1852 1.2172 0.3964 0.4500 0.2656 0.6250 0.3250 3.9182 1.2748 33.3400 12.3877 12.4876 0.3472 10.5543 450.4191 1.5734 9.7970 0.5346 8.0778 0 9162 10.4011 16.3837 0.3956 3.0841 1.3798 0.0212 4.4657 4.0017 0.1652 11.6743 0.9713 12.7574 0.5685 2 9695 14.5871 23.0950 10.0162 0.3333 0.0554 3.7599 1.6026 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees B c Total BOD To~al TSS lbs lbs 272 8,08'6 790 1,037 2,372 2,380 271 375 938 938 554 554 1,303 1,303 678 678 6,992 622 1,377 13'6 454,086 223,995 4,691 9,684 465 939, 124 225 65,583 9,865 7,665 762 8,415 23,383 257 2,775 2,820 39 145,216 73,560 327 1, 152 210 1,003 1,288 887 835 1, 118 1,810 8 32 41,749 1,888 160,163 87,388 4,862 8,185 465 939,124 911 17,482 937 4,62'5 1,983 4,648 12,606 65 6,901 2,228 39 211,933 33,662 303 7,923 566 4,177 1, 161 163 835 2,247 1,012 8 65 24,184 1,957 D Vol Chg 2002-3 $282.92 $6,037 $335 $344 $112 $127 $75 $177 $92 $1,109 $361 $9,433 $3,505 $3,533 $98 $2,986 $127,433 $445 $2,772 $151 $2,285 $259 $2,943 $4,635 $112 $873 $390 $6 $1,263 $1 ,132 $47 $3,303 $275 $3,609 $161 $840 $4,127 $6,534 $2,834 $94 $16 $1,064 $453 E BOD Chg 2002-3 $190.65 $52 $151 $452 $52 $179 $106 $248 $129 $1,333 $263 $86,572 $42,705 $894 $1,846 $89 $179,044 $43 $12,503 $1,881 $1,461 $145 $1,604 $4,458 $49 $529 $538 $7 $27,685 $14,024 $62 $220 $40 $191 $245 $169 $159 $213 $345 $1 $6 $7,959 $360 F TSS Chg 2002-3 $184.55 $1,492 $191 $439 $69 $173 $102 $240 $125 $115 $25 $29,558 $16, 127 $897 $1,510 $86 $173,315 $168 $3,226 $173 $854 $366 $858 $2,326 $12 $1,274 $411 $7 $39, 112 $6,212 $56 $1,462 $104 $771 $214 $30 $154 $415 $187 $1 $12 $4,463 $361 .-. 1 _____ , _u_,.,~_1,..,,,..,_.._ ___ ...11-1...1 ...I ---··l~TC ATCH li.l\'Jnn-:11_nA .. ar ... ;., 11ro1111rC! frir 4g via. G Total Chg 2002-3 $7,581 $677 $1,236 $233 $479 $283 $666 $346 $2,556 $648 $125,562 $62,337 $5,325 $3,455 $3, 160 $479,792 $656 $18,501 $2,205 $4,601 $770 $5,405 $11,420 $1 73 $2,675 $1,339 $21 $68,061 $21,369 $165 $4,985 $41 9 $4,571 $621 $1,039 $4,440 $7, 162 $3,365 $97 $34 $13,486 $1,175 H Vol Chg 2003-04 $316.38 $6,751 $375 $385 $125 $142 $84 $198 $103 $1,240 $403 $10,548 $3,919 $3,951 $110 $3,339 $142,504 $498 $3, 100 $169 $2,556 $290 $3,291 $5, 183 $125 $976 $437 $7 $1,413 $1,266 $52 $3,694 $307 $4,036 $180 $939 $4,615 $7,307 $3, 169 $105 $18 $1,190 $507 BOD Chg 2003-04 $233.00 $63 $184 $553 $63 $219 $129 $304 $158 $1,629 $321 $105,802 $52,191 $1,093 $2,256 $108 $218,816 $52 $15,281 $2,299 $1 ,786 $177 $1,961 $5,448 $60 $647 $657 $9 $33,835 $17, 139 $76 $268 $49 $234 $300 $207 $195 $261 $422 $2 $7 $9,727 $440 J TSS Chg 2003-04 $230.14 $1 ,861 $239 $548 $86 $216 $127 $300 $156 $143 $31 $36,860 $20, 111 $1, 119 $1,884 $107 $216, 130 $210 $4,023 $216 $1,065 $456 $1,070 $2,901 $15 $1,588 $513 $9 $48,774 $7,747 $70 $1,823 $130 $961 $267 $38 $192 $517 $233 $2 $15 $5,566 $450 Page 4of12 K Total Chg 2003-04 $8,675 $798 $1,486 $275 $577 $341 $801 $417 $3,012 $755 $153,210 $76,222 $6,163 $4,250 $3,554 $577,449 $760 $22,404 $2,683 $5,406 $924 $6,321 $13,533 $200 $3,211 $1 ,606 $25 $84,022 $26, 152 $198 $5,785 $487 $5,231 $747 $1 , 184 $5,002 $8,084 $3,823 $109 $40 $16,483 $1.397 L Total Increase. $1,094 $120 $250 $42 $98 $58 $136 $70 $456 $107 $27,648 $13,885 $838 $795 $394 $97,658 $104 $3,902 $478 $806 $153 $916 $2,113 $27 $535 $267 $4 $15,961 $4,784 $33 $801 $67 $660 $126 $144 $561 $923 $458 $12 $6 $2,996 $223 5/6/2003 COMPANY NAME EXCELLO CIRCUITS MANUFACTURING CORP. EXPO DYEING AND FINISHING INC. EXQUISITE DESIGNS INC. F M H INVESTORS GROUP FABRICATION CONCEPTS CORPORATION FAIRCHILD FASTENERS FAIRVIEW STATE HOSPITAL FINELINE CIRCUITS & TECHNOLOGY INC. FOAMEX LP. FROZSUN FOODS, INC. FULLERTON CUL TU RED SPECIAL TIES FULLERTON FOODS -OSCAR MAYER FOODS CO FULLERTON PLATING FUTURE TECHNOLOGY GALLADE CHEMICAL INC. GARDNER LITHOGRAPH, INC GARG-OIL PRODUCTION LLC GEMINI INDUSTRIES INC. GENERAL CONTAINER CORPORATION GENERAL ELECTRIC INTERNATIONAL INC. GEORGE A. JONES, IMPERIAL #2 WELL GEORGIA PACIFIC CORPORATION GERARD TILE GOGLANIAN BAKERIES GOLDENWEST LAUNDRY & VALET SERVICES INC GOMTECH ELECTRONICS GOODWIN COMPANY GRANDE TORTILLA INC. GRANT PISTON RINGS DIV. OF FRON GRAPHIC PACKAGING CORP. GUNTHER ATHLETIC SERVICE H. KOCH & SONS COMPANY H.B. OIL OPERATIONS TRUST HAMILTON MATERIALS HANSON-LORAN CO., INC. HARBOR TRUCK BODIES INC. HARTE-HANKS SHOPPERS HARTWELL CORPORATION HAWK INDUSTRIAL UNIFORM HEAL TH CARE APPAREL SERVICES HIGH TECH COATINGS, INC. SF HIGH-TECH COATINGS, INC. A Total Volume MG 3.9787 102.0456 0 3086 1.2105 6.2408 8.1900 44.5279 0.8123 1.1950 2.5021 26.8560 6.8181 8.5731 5.6915 1.3717 1.3430 3.5859 5.2064 0.4397 0.8276 1.5136 7.0132 3.3057 6.5012 4. 7161 0.0163 8.1710 2.1065 0.6018 0.9828 1.7949 1.4306 0.8317 1.6075 0.0260 0.7093 7.2631 2.3366 3.4274 15.5639 0.3259 0.2154 B Total BOD lbs 1,684 203,487 27 1, 101 8,666 17,076 126,635 1,438 2,384 16,095 779,440 9,160 73 2,420 299 685 0 3,294 829 628 341 145,786 4,108 42,955 489 34 90,626 44,602 1,249 2,047 1,317 587 874 2,923 54 1,375 29,797 4,067 21,353 33,355 966 484 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Tottal TSS lbs 465 41 ,54 9 27 1,039 7,193 17,076 98,782 334 2,394 6,209 189,625 9, 160 4,488 4,677 1,013 68 5 o() 97,527 739 628 555 4,139 45,503 33,546 489 34 13.532 19,111 t ,246 2,048 1,329 567 555 5,535 54 1,266 9,312 3,269 4.'577 21,860 346 169 D Vol Chg 2002-3 $282.92 $1,126 $28,871 $87 $342 $1,766 $2,317 $12,596 $230 $338 $708 $7,598 $1,929 $2,426 $1,610 $388 $380 $1,015 $1,473 $124 $234 $428 $1,984 $935 $1 ,839 $1,334 $5 $2,312 $596 $170 $278 $508 $405 $235 $455 $7 $201 $2,055 $661 $970 $4,403 $92 $61 E BOD Chg 2002-3 $190.65 $321 $38,795 $5 $210 $1 ,652 $3,256 $24, 143 $274 $455 $3,068 $148,600 $1,746 $14 $461 $57 $131 $0 $628 $158 $120 $65 $27,794 $783 $8, 189 $93 $6 $17,278 $8,503 $238 $390 $251 $112 $167 $557 $10 $262 $5,681 $775 $4,071 $6,359 $184 $92 F TSS Chg 2002-3 $184.55 $86 $7,668 $5 $192 $1 ,328 $3,151 $18,230 $62 $442 $1,146 $34,995 $1,691 $828 $863 $187 $126 $0 $1 7,999 $136 $116 $103 $764 $8,398 $6,191 $90 $6 $2,497 $3,527 $230 $378 $245 $108 $102 $1 ,021 $10 $237 $1,718 $603 $845 $4,034 $64 $35 G:lexcel.dtalfin\21 Olstreed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $1 ,533 $75,333 $97 $744 $4,745 $8,724 $54,971 $565 $1.234 $4 ,922 $191,194 $5,366 $3,268 $2,935 $632 $637 $1 ,015 $20,100 $419 $470 $596 $30,542 $10,116 $16,220 $1,518 $17 $22,087 $12.626 $638 $1,046 $1,004 $625 $504 $2,034 $28 $700 $9,454 $2,040 $5,885, $14,797 $340 $188 H Vol Chg 2003-04 $316.38 $1 ,259 $32,285 $98 $383 $1 ,974 $2,591 $14,088 $257 $378 $792 $8,497 $2,157 $2,712 $1 ,801 $434 $425 $1 , 135 $1,647 $139 $262 $479 $2,219 $1,046 $2,057 $1,492 $5 $2,585 $666 $190 $311 $568 $453 $263 $509 $8 $224 $2,298 $739 $1 ,084 $4,924 $103 $68 BOD Chg 2003-04 $233.00 $392 $47,413 $6 $257 $2,019 $3,979 $29,506 $335 $555 $3,750 $181 ,610 $2,134 $17 $564 $70 $159 $0 $768 $193 $146 $79 $33,968 $957 $10,008 $114 $8 $21,116 $10,392 $291 $477 $307 $137 $204 $681 $13 $320 $6,943 $948 $4,975 $7,772 $225 $113 J TSS Chg 2003-04 $230.14 $107 $9,562 $6 $239 $1,655 $3,930 $22,734 $77 $551 $1,429 $43,640 $2, 108 $1 ,033 $1,076 $233 $158 $0 $22,445 $170 $144 $128 $952 $10,472 $7,720 $112 $8 $3,114 $4,398 $287 $471 $306 $135 $128 $1,274 $12 $296 $2,143 $752 $1,053 $5,031 $80 $44 Page 5of12 K Total Chg 2003-04 $1,758 $89,260 $110 $879 $5,649 $10,500 $66,327 $669 $1,484 $5,971 $233,747 $6,400 $3,762 $3,441 $737 $742 $1, 135 $24,660 $502 $553 $666 $37, 140 $12,475 $19,766 $1 ,718 $21 $26,815 $1 5,457 $768 $1,259 $1,181 $724 $594 $2,464 $33 $841 $11,383 $2,439 $7,113 $17,727 $408 $225 L Total Increase $226 $13,926 $13 $135 $904 $1,776 $11,356 $103 $250 $1,048 $42,553 $1,034 $495 $506 $105 $105 $120 $4,760 $84 $83 $90 $6,597 $2,359 $3,566 $201 $4 $4,728 $2,831 $130 $213 $176 $99 $90 $430 $6 $141 $1,929 $399 $1,228 $2,930 $68 $36 alphabetical 5/6/2003 COMPANY NAME HIGHTOWER PLATING & MANUFACTURING CO. HI-TECH STENCILS HIXSON METAL FINISHING HOAG MEMORIAL HOSPITAL PRESBYTERIAN HOAG MEMORIAL HOSPITAL PRESBYTERIAN HOANG CLEANERS HOUSE FOODS AMERICA CORPORATION HUNTINGTON GARDENS CENTER HYATI DIE CASTING & ENGINEERING CORP. I C N BIOMEDICALS, INC. I C N PHARMACEUTICALS INC. I P C CAL FLEX INC. I TT JABSCO PRODUCTS IDEAL ANODIZING INC. IDEAL UNIFORM RENTAL SERVICE IMPERIAL CONTAINERS & DISPLAY INC. IMPERIAL PLATING INDEPENDENT FORGE INTEC PRODUCTS INC. INTEGRATED AEROSPACE, INC INTERCEM CORPORATION IRVINE SENSORS CORP. ITT CANNON, A DIVISION OF ITT INDUSTRIES J & H DEBURRING INC. #2 J KL MANUFACTURING INC. #2 J.R. & D INC. JEFFERSON SMURFIT CORPORATION (U.S.) JELLCO CONTAINER INC. JOHN A. THOMAS JOHNSON CONTROLS BATTERY INC. JOINT FORCES TRAINING BASE.LOS ALAMITOS JONATHAN MANUFACTURING CORP. J-TRON INC. K CA ELECTRONICS INC. KC A ELECTRONICS, INC. K J ENTERPRISES, LLC K SOLDERING, INC. OBA QUALITY SOLDERING KU A TEXTILES INC. KENLEN SPECIALITIES INC. KIMBERLY-CLARK WORLDWIDE, INC. KINSBURSKY BROTHERS SUPPLY INC. KIRKHILL RUBBER CO (SOUTH) A Total Volume MG 2.6995 0.0278 16.4457 18.2500 0. 1994 0.6147 64.3995 0, 1840 2.3278 2.3262 8.1930 0.2756 0.7813 6.7268 7.7102 0.3601 0.6530 0.3000 5.6341 4 0871 1.0544 0.2822 63.6795 0.1690 0.1404 2.3661 8.3453 0.4160 19.3814 12.0868 37.5063 3.5390 0.2781 49.2322 0.1560 0.0180 0.4067 11.6955 0.5690 414.1119 0.9982 4.7765 B Total BOD lbs 117 50 1,032 38,051 416 0 831,855 0 7,857 407 5,082 575 1,629 1, 163 17,632 707 12 626 319 3,401 3,797 263 17,771 352 143 10,869 34,769 867 155,499 4,215 31 ,618 10,291 628 15,815 325 0 139 40,602 410 185,738 948 9,490 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c To~al TSS lbs 1,462 51 2,894 38,051 416 0 299,406 D 2,164 407 5,082 575 1,629 21,247 12,092 934 61 62•6 8,547 3,401 1,801 263 14,417 352 37 8,604 8,161 867 11,477 4,562 35,754 5,000 198 13,489 325 0 11 3 66,074 420 391 ,097 1,032 9,381() D Vol Chg 2002-3 $282.92 $764 $8 $4,653 $5, 163 $56 $174 $18,220 $52 $659 $658 $2,318 $78 $221 $1 ,903 $2,181 $102 $185 $85 $1 ,594 $1 , 156 $298 $80 $18,016 $48 $40 $669 $2,361 $118 $5,483 ' $3,420 $10,611 $1,001 $79 $13,929 $44 $5 $115 $3,309 $161 $117,161 $282 $1,351 E BOD Chg 2002-3 $190.65 $22 $10 $197 $7,254 $79 $0 $158,593 $0 $1 ,498 $78 $969 $110 $311 $222 $3,361 $135 $2 $119 $61 $648 $724 $50 $3,388 $67 $27 $2,072 $6,629 $165 $29,646 $804 $6,028 $1 ,962 $120 $3,015 $62 $0 $26 $7,741 $78 $35,411 $181 $1,809 F TSS Chg 2002-3 $184.55 $270 $9 $534 $7,022 $77 $0 $55,255 $0 $399 $75 $938 $106 $301 $3,921 $2,232 $172 $11 $115 $1,577 $628 $332 $48 $2,661 $65 $7 $1,588 $1,506 $160 $2,118 $842 $6,598 $923 $37 $2,489 $60 $0 $21 $12, 194 $77 $72,177 $191 $1,731 ,....\ ............. 1 ..,.n\1i,..\?1n\C!:tr'aar4\nlri rt rnnv\~TRATPI N\?003-04 oermlt users for AR.xis G Total Chg 2002-3 $1 ,056 $27 $5,384 $19,440 $212 $174 $232,068 $52 $2,556 $811 $4,225 $294 $832 $6,046 $7,775 $409 $198 $320 $3,232 $2,432 $1,355 $178 $24,065 $180 $74 $4,329 $10,496 $443 $37,247 $5,065 $23,238 $3,886 $235 $19,433 $166 $5 $162 $23,244 $317 $224,749 $654 $4,892 H Vol Chg 2003-04 $316.38 $854 $9 $5,203 $5,774 $63 $194 $20,375 $58 $736 $736 $2,592 $87 $247 $2,128 $2,439 $114 $207 $95 $1,783 $1,293 $334 $89 $20, 147 $53 $44 $749 $2,640 $132 $6, 132 $3,824 $11,866 $1, 120 $88 $15,576 $49 $6 $129 $3,700 $180 $131,017 $316 $1,511 J BOD Chg TSS Chg 2003-04 $233.00 $27 $12 $240 $8,866 $97 $0 $193,822 $0 $1,831 $95 $1,184 $134 $380 $271 $4, 108 $165 $3 $146 $74 $792 $885 $61 $4, 141 $82 $33 $2,532 $8,101 $202 $36,231 $982 $7,367 $2,398 $146 $3,685 $76 $0 $32 $9,460 $96 $43,277 $221 $2,211 2003-04 $230.14 $336 $12 $666 $8,757 $96 $0 $68,905 $0 $498 $94 $1,170 $132 $375 $4,890 $2,783 $215 $14 $144 $1,967 $783 $414 $60 $3,318 $81 $8 $1,980 $1,878 $200 $2,641 $1,050 $8,228 $1,151 $46 $3,104 $75 $0 $26 $15,206 $97 $90,007 $238 $2, 159 Page 6 of 12 K Total Chg 2003-04 $1,218 $32 $6, 110 $23,397 $256 $194 $283, 102 $58 $3,065 $924 $4,946 $353 $1 .002 $7,289 $9,331 $494 $223 $385 $3,824 $2,868 $1,633 $211 $27,605 $217 $86 $5,261 $12,620 $533 $45,004 $5,856 $27,462 $4,668 $280 $22,366 $200 $6 $187 $28,367 $372 $264,301 $774 $5,881 L Total Increase $162 $5 $726 $3,957 $43 $21 $51,034 $6 $509 $114 $721 $60 $169 $1,243 $1,556 $85 $25 $65 $592 $436 $278 $33 $3,541 $37 $12 $932 $2,124 $90 $7,757 $791 $4,224 $782 $45 $2,932 $34 $1 $25 $5,123 $56 $39,552 $121 $989 alohabi;ilir~ 5/6/2003 COMPANY NAME KNOTTS BERRY FARM FOODS KODAK PROCESSING LABS KRYLER CORPORATION L & N UNIFORM SUPPLY CO INC (WAREHOUSE) L & N UNIFORM SUPPLY COMPANY,INC.(CLEAN) LA HABRA PLATING CO. INC. LA PALMA INTERCOMMUNITY HOSPITAL LACEY CUSTOM LINENS LAM LIGHTING INC. LAM-PLATE TECH INC. LEACH INTERNATIONAL LINCO INDUSTRIES INC. LINDBERG HEAT TREATING CO.-ALUMATHERM LINFINITY MICROELECTRONICS INC. LOGI GRAPHICS, INC. LOS ALAMITOS ECONO-WASH LOS ALAMITOS GENERAL HOSPITAL LOS ANGELES TIMES COMMUNICATIONS LLC M C P FOODS INC. MTS MICROELECTRONICS INC. M.S. BELLOWS MAGNETIC METALS CORPORATION MARCEL ELECTRONICS INT. MARGARETIS TEXTILE SERVICE MARK OPTICS INC. MARKLAND MANUFACTURING, INC. MARUCHAN, INC. MASK TECHNOLOGY INC. MCCURDY CIRCUITS, INC. MEAD PACKAGING MEDEVA PHARMACEUTICALS CA, INC. MEDTRONIC HEART VALVES, INC. MICRO SEMI CORP. MICROMETALS INC. #2 MILBANK WEST INC. MILLETT INDUSTRIES MONARCH PRECISION DEBURRING COMPANY MONOGRAM SYSTEMS MORAVEK BIOCHEMICALS INC. MORTON INTERNATIONAL. MUL Tl-FINELINE ELECTRONIX INC. MUNOZ COIN LAUNDRY A Total Volume MG 17.7805 0.8625 3 2167 5.4639 1.0595 1.8453 14.8976 1.0565 06796 0.1378 2.4050 0.9672 0.7524 19.5700 0.6583 2.0842 6 8438 10,4097 21.3997 0.0855 0.1895 1.5807 24.5656 22.3527 0.3432 5.2878 14.1720 1.6123 14.4135 2.1577 1 0737 3.7900 32.1131 7.6480 1.8327 0.9839 1 4173 5.7550 0.3247 3.5609 20.3149 0.1375 B Total BOD lbs 968,676 1,798 338 5,539 3,053 81 31,061 952 1,254 53 707 93 1,425 2,842 295 0 14,269 91,451 1,369,649 178 531 5,849 5,942 22,580 435 2,520 155,496 3,287 12,858 8,319 864 8,396 17, 195 69,632 2,525 1,643 217 5,641 196 1,965 24,556 0 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Tottal TSS lbs 52,128 1,798 3-38 3,693 3,73£ 81 31,061 42'6 1,214 53 1,860 2,803 1,408 2,206 179 0 14,269 10,667 25,31 6 178 265 1,451 3,427 37,986 1,139 2,520 27,279 2,296 16,519 4,729 606 7,692 14,538 4,779 2,321 616 217 6,407 196 2,118 21,665 0 D Vol Chg 2002-3 $282.92 $5,030 $244 $910 $1,546 $300 $522 $4,215 $299 $192 $39 $680 $274 $213 $5,537 $186 $590 $1,936 $2,945 $6,054 $24 $54 $447 $6,950 $6,324 $97 $1,496 $4,010 $456 $4,078 $610 $304 $1,072 $9,085 $2,164 $519 $276 $401 $1,628 $92 $1,007 $5,747 $39 E BOD Chg 2002-3 $190.65 $184,678 $343 $64 $1,056 $582 $16 $5,922 $181 $239 $10 $135 $18 $272 $542 $56 $0 $2,720 $17,435 $261, 124 $34 $101 $1, 115 $1,133 $4,305 $83 $480 $29,645 $627 $2,451 $1,586 $165 $1,601 $3,278 $13,275 $481 $313 $41 $1, 114 $37 $375 $4,682 $0 F TSS Chg 2002-3 $184.55 $9,620 $332 $62 $681 $690 $15 $5,732 $79 $224 $10 $343 $517 $260 $407 $33 $0 $2,633 $1,948 $4,672 $33 $49 $268 $632 $7,010 $210 $465 $5,034 $424 $3,049 $873 $112 $1,420 $2,683 $882 $428 $114 $40 $1, 182 $36 $391 $3,998 $0 G:lexcel.dtalfin\210\streedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $199,329 $919 $1,037 $3,283 $1,571 $553 $15,869 $559 $655 $59 $1,156 $809 $744 $6,486 $275 $590 $7,290 $22,329 $271,850 $91 $204 $1,830 $8,715 $17,639 $390 $2,442 $38,689 $1 ,507 $9,578 $3,069 $580 $4.093 $15,047 $16,321 $1 ,428 $705 $482 $3,924 $165 $1,773 $14,427 $39 H Vol Chg 2003-04 $316.38 $5,625 $273 $1,018 $1,729 $335 $584 $4,713 $334 $215 $44 $761 $306 $238 $6,192 $208 $659 $2, 165 $3,293 $6,770 $27 $60 $500 $7,772 $7,072 $109 $1 ,673 $4,484 $510 $4,560 $683 $340 $1,199 $10,160 $2,420 $580 $311 $448 $1,821 $103 $1 ,127 $6,427 $44 J BOD Chg TSS Chg 2003-04 $233.00 $225,701 $419 $79 $1,291 $711 $19 $7,237 $222 $292 $12 $165 $22 $332 $662 $69 $0 $3,325 $21,308 $319, 128 $42 $124 $1,363 $1,384 $5,261 $101 $587 $36,231 $766 $2,996 $1,938 $201 $1,956 $4,006 $16,224 $588 $383 $51 $1,361 $46 $458 $5,722 $0 2003-04 $230 14 $11,997 $414 $78 $850 $860 $19 $7,148 $98 $279 $12 $428 $645 $324 $508 $41 $0 $3,284 $2,430 $5,826 $41 $61 $334 $7!!9 $8,742 $262 $580 $6,278 $528 $3,802 $1,088 $140 $1,770 $3,346 $1,100 $534 $142 $50 $1,475 $45 $487 $4,986 $0 Page 7of12 K Total Chg 2003-04 $243,324 $1,106 $1 ,174 $3,869 $1,906 $621 $19,099 $654 $786 $68 $1 ,354 $973 $894 $7,361 $318 $659 $8,774 $27,031 $331,725 $110 $245 $2,197 $9,945 $21,075 $472 $2,640 $46,992 $1,804 $11,358 $3,709 $681 $4,926 $17,512 $19,744 $1 ,702 $836 $549 $4,656 $193 $2,072 $17,135 $44 ' L Total Increase $43,995 $187 $137 $586 $335 $69 $3,230 $95 $131 $9 $195 $164 $150 $876 $43 $70 $1,484 $4,703 $59,875 $19 $41 $367 $1,230 $3,436 $82 $399 $8,303 $298 $1,780 $640 $100 $833 $2,465 $3,423 $274 $131 $66 $732 $28 $299 $2,707 $5 alphabetical 5/6/2003 COMPANY NAME MURRIETIA CIRCUITS INC. NELCO PRODUCTS, INC. NEVILLE CHEMICAL COMPANY NEWPORT CORPORATION NEWPORT METAL FINISHING INC. NEWPORT PRECISION OPTICS CORP. NOLLAC OIL COMPANY NOR-CAL BEVERAGE CO. INC. (MAIN) NOR-CAL BEVERAGE CO. INC. (TETRA) NUEVO ENERGY COMPANY (BREA) NUEVO ENERGY COMPANY (H.B.) NU-TEC POWDER COATING 0 C B REPROGRAPHICS O'DONNELL OIL COMPANY OLIVE OIL CO. OLYMPIC POWDER COATINGS INC. OMNI METAL FINISHING, INC. ORANGE CONTAINER, INC. ORANGE COUNTY METAL PROCESSING ORANGE COUNTY PLATING CO., INC. ORANGE COUNTY REGISTER ORANGE RESOURCE RECOVERY SYSTEMS PC A METAL FINISHING, INC. P C E INDUSTRY, INC. PT C INDUSTRIES, INC. PACIFIC IMAGE TECHNOLOGY, INC. PACIFIC QUARTZ, INC. PACIFIC UTILITY PRODUCTS INC. PACKARD-HUGHES INTERCONNECT SYSTEMS PANEL CONCEPTS INC. PAYTON TECHNOLOGY CORP PEPSI-COLA BOTILING GROUP PERFORMANCE POWDER, INC. PETROPRIZE PICOFARAD INC. PIER OIL COMPANY PILKINGTON AEROSPACE PIONEER CIRCUITS PLACENTIA LINDA COMMUNITY HOSPITAL PLATECORP #2, INC. PLEGEL OIL COMPANY (BLATINER -A.HA) PLEION CORPORATION #2 A Total Volume MG 3.2471 14.7821 2.7022 5.5577 1.2127 0,7966 1.7580 29.4730 76.2985 0.1027 0.2864 0.0780 1.6250 0 4631 0 1207 1.5126 6.6953 0.7307 20.5521 4.2196 14.9712 0.4718 4.9676 1,0332 0.4004 0.0703 1.6697 0.6225 31 .6408 4.5220 0.8051 27.7684 0.8223 0.1966 0.9541 0.6124 6 9638 9.5534 9.5650 7.6584 2.4323 3.5065 B Total BOD lbs 1,701 5,459 2,002 4,767 1,063 996 88 882,895 864,612 214 284 163 3,388 0 76 945 1,206 1,246 596 1,235 56,755 6,060 2,166 613 642 93 2,225 358 10,711 2,607 1,564 313,390 519 0 1,047 0 6,035 4,795 19,943 2,534 203 2,373 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Tot.al TSS lbs 3,156 5,459 818 3,988 1.134 1,054 279 100,178 83,355 21 4 302 163 3.388 0 76 91 5 1,838 1,946 76,655 1,710 30,986 2,487 2,304 2,109 444 93 5,662 354 6,746 3,586 1,568 52,055 415 D 1,657 0 76,149 3,238 19.943 2,948 223 2,973 D Vol Chg 2002-3 $282.92 $919 $4,182 $765 $1,572 $343 $225 $497 $8,339 $21 ,586 $29 $81 $22 $460 $131 $34 $428 $1,894 $207 $5,815 $1,194 $4,236 $133 $1,405 $292 $113 $20 $472 $176 $8,952 $1 ,279 $228 $7,856 $233 $56 $270 $173 $1 ,970 $2,703 $2,706 $2,167 $688 $992 E BOD Chg 2002-3 $190.65 $324 $1,041 $382 $909 $203 $190 $17 $168,324 $164,838 $41 $54 $31 $646 $0 $15 $180 $230 $238 $114 $235 $10,820 $1 ,155 $413 $117 $122 $18 $424 $68 $2,042 $497 $298 $59,748 $99 $0 $200 $0 $1,151 $914 $3,802 $483 $39 $452 F TSS Chg 2002-3 $184.55 $582 $1,007 $151 $736 $209 $194 $51 $18,488 $15,383 $40 $56 $30 $625 $0 $14 $169 $339 $359 $14, 147 $316 $5,718 $459 $425 $389 $82 $17 $1,045 $65 $1,245 $662 $289 $9,607 $77 $0 $306 $0 $14,053 $598 $3,680 $544 $41 $549 • ._._,,._,,. .. ,..,_._ ___ _.\_1...1 ..1 ---··\C'T~llTr::ll hl\")nn'1_nA nar....,i• 11C!:A P'C:: fnr AQ vie. G Total Chg 2002-3 $1,825 $6,230 $1,297 $3,217 $755 $610 $566 $195,150 $201 ,808 $109 $191 $83 $1,731 $131 $63 $777 $2,463 $803 $20,075 $1,745 $20,775 $1 ,748 $2,244 $798 $316 $55 $1 ,941 $310 $12,239 $2,438 $815 $77,211 $408 $56 $775 $173 $17, 174 $4,215 $10,189 $3, 194 $768 $1 ,993 H Vol Chg 2003-04 $316.38 $1,027 $4,677 $655 $1,758 $364 $252 $556 $9,325 $24,139 $32 $91 $25 $514 $147 $38 $479 $2,118 $231 $6,502 $1,335 $4,737 $149 $1,572 $327 $127 $22 $528 $197 $10,011 $1,431 $255 $8,765 $260 $62 $302 $194 $2,203 $3,023 $3,026 $2,423 $770 $1,109 J BOD Chg TSS Chg 2003-04 $233.00 $396 $1,272 $466 $1, 111 $248 $232 $20 $205,714 $201,455 $50 $66 $38 $789 $0 $18 $220 $281 $290 $139 $288 $13,224 $1,412 $505 $143 $150 $22 $518 $83 $2,496 $607 $364 $73,020 $121 $0 $244 $0 $1,406 $1,117 $4,647 $590 $47 $553 2003-04 $230.14 $726 $1,256 $188 $918 $261 $243 $64 $23,055 $19,183 $49 $70 $37 $780 $0 $18 $211 $423 $448 $17,641 $393 $7,131 $572 $530 $485 $102 $21 $1,303 $81 $1,553 $825 $361 $11,980 $96 $0 $381 $0 $17,525 $745 $4,590 $679 $51 $684 Page 8of12 K Total Chg 2003-04 $2,150 $7,205 $1,510 $3,787 $892 $727 $641 $238,094 $244,777 $132 $226 $100 $2,083 $147 $73 $909 $2,822 $969 $24,283 $2,016 $25,092 $2,133 $2,607 $955 $379 $65 $2,350 $362 $14,059 $2,863 $980 $93,785 $477 $62 $927 $194 $21,134 $4,885 $12,263 $3,692 $868 $2,347 L Total Increase $325 $975 $213 $570 $137 $117 $75 $42,944 $42,969 $22 $35 $17 $352 $15 $11 $132 $359 $166 $4,208 $271 $4,317 $386 $363 $157 $61 $11 $408 $52 $1,820 $425 $165 $16,574 $68 $7 $152 $20 $3,960 $670 $2,074 $498 $100 $353 5/6/2003 COMPANY NAME POWDERCOAT SERVICES INC #1 POWDERCOAT SERVICES INC. #2 POWDERCOAT SERVICES INC. #3 POWDERCOAT SERVICES INC. #4 POWER CIRCUITS, INC. PRECIOUS METALS PLATING PRECISION ANODIZING AND PLATING INC. PRECISION CIRCUITS WEST INC. PRECISION PAINTING PRECISION POWDERCOATING INC. PRECISION RESOURCE, CALIFORNIA DIVISION PRECON, INC. PRIMATEX INDUSTRIES OF CA INC PRIME TECHNOLOGIES, INC. PRINTRONIX, INC. PRO-TECH PRUDENTIAL OVERALL SUPPLY PURE-CHEM PRODUCTS COMPANY INC. QUALITY ALUMINUM FORGE R B C TRANSPORT DYNAMICS CORP R T I ELECTRONICS, INC. RAILMAKERS, INC RAINBOW DISPOSAL CO., INC RALPHS GROCERY COMPANY (BAKERY) RAYNE WATER SYSTEMS REID METAL FINISHING RENAL RESEARCH INSTITUTE, LLC REVERE TRANSDUCERS, INC. RICOH ELECTRONICS #2 RICOH ELECTRONICS INC. RIGIFLEX TECHNOLOGY INC. ROCK INDUSTRIES, INC. ROTO-DIE COMPANY INC. ROYAL TY CARPET MILLS INC. S & COIL CORPORATION S & S POLISHING/PLATING S D C CIRCUITS SF PP, L.P. S M T DYNAMICS LLC S P S TECHNOLOGIES S.B. THOMAS INC. SABA TEXTILES INC. A Total Volume MG 0.1462 0.1316 0.6253 0.5310 32 4458 0,5944 24.7056 1.0045 0.8738 0.2503 4.3735 0.3773 15.8706 3.7436 2.8432 2.8454 6.2688 0.0355 0.7280 2.1675 0.6777 0.0975 1.4976 1.7875 3.8155 1.4669 0.1170 2.4990 3.5439 3.2640 0.8303 0.4399 0.1941 147.4230 0.0255 17.6328 1.6588 0.0548 1.6886 11 .3623 2.1303 145.5385 B Total BOD lbs 279 274 214 299 53,598 160 1,689 246 830 569 7,575 1,016 6,800 2,769 3,865 4,413 21,555 73 1,361 2,958 1,410 203 3,122 3,727 230 1,381 244 3,405 10,807 3,111 352 1,094 203 446,773 0 564 1,141 114 3,413 8,736 30,166 185,038 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Tottal TSS lbs 28•0 274 27'0 45.6 11,921 19-0 122,259 248 1,002 226 4,23.S 421 15,302 984 3,375 3,471 10,820 73 1,391 4,021 1,409 203 3,122 3,727 1,219 547 244 2,648 5,910 2,384 265 320 203 60,378 0 40,240 364 114 3,402 6,845 38,6015 203,162 D Vol Chg 2002-3 $282.92 $41 $37 $177 $150 $9,180 $168 $6,990 $284 $247 $71 $1,237 $107 $4,490 $1 ,059 $804 $605 $1,774 $10 $206 $613 $192 $28 $424 $506 $1 ,079 $415 $33 $707 $1 ,003 $923 $235 $124 $55 $41,709 $7 $4,989 $469 $16 $478 $3,215 $603 $41,176 E BOD Chg 2002-3 $190.65 $53 $52 $41 $57 $10,219 $30 $322 $47 $158 $109 $1,444 $194 $1 ,296 $528 $737 $841 $4,109 $14 $259 $564 $269 $39 $595 $711 $44 $263 $47 $649 $2,060 $593 $67 $209 $39 $85, 177 $0 $107 $218 $22 $651 $1,665 $5,751 $35,278 F TSS Chg 2002-3 $184.55 $52 $51 $50 $85 $2,200 $35 $22,563 $46 $185 $42 $782 $78 $2,824 $182 $623 $641 $1 ,997 $14 $257 $742 $260 $38 $576 $688 $225 $101 $45 $489 $1,091 $440 $49 $59 $38 $11 ,143 $0 $7,426 $67 $21 $628 $1 ,263 $7,125 $37,494 G:\excel.dtalfin\21 Olstreedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $146 $140 $267 $292 $21 ,598 $234 $29,875 $377 $590 $221 $3,464 $378 $8,610 $1,769 $2, 164 $2,287 $7,880 $38 $722 $1,919 $721 $104 $1,595 $1,904 $1,348 $779 $125 $1,845 $4,154 $1,956 $351 $392 $131 $138,029 $7 $12,522 $754 $58 $1,756 $6,143 $1 3,479 $113,947 H Vol Chg 2003-04 $316.36 $46 $42 $198 $168 $10,265 $188 $7,816 $318 $276 $79 $1,384 $119 $5,021 $1,184 $900 $900 $1 ,983 $11 $230 $686 $214 $31 $474 $566 $1,207 $464 $37 $791 $1 ,121 $1,033 $263 $139 $61 $46,642 $8 $5,579 $525 $17 $534 $3,595 $674 $46,045 BOD Chg 2003-04 $233.00 $65 $64 $50 $70 $12,488 $37 $394 $58 $193 $133 $1,765 $237 $1,584 $645 $901 $1,028 $5,022 $17 $317 $689 $328 $47 $728 $868 $54 $322 $57 $793 $2,518 $725 $82 $255 $47 $104,098 $0 $131 $266 $27 $795 $2,035 $7,029 $43,114 J TSS Chg 2003-04 $230.14 $64 $63 $62 $105 $2,744 $44 $28, 137 $57 $231 $52 $975 $97 $3,522 $226 $777 $799 $2,490 $17 $320 $925 $324 $47 $719 $858 $281 $126 $56 $609 $1,360 $549 $61 $74 $47 $13,895 $0 $9,261 $84 $26 $783 $1,575 $8,885 $46,756 Page 9 of 12 K Total Chg 2003-04 $176 $169 $310 $343 $25,497 $269 $36,347 $433 $700 $264 $4,124 $453 $10,1 27 $2,056 $2,577 $2,727 $9,496 $45 $868 $2,300 $867 $125 $1,920 $2,292 $1,541 $912 $150 $2,193 $4,999 $2,306 $406 $468 $156 $164.6'35 $8 $14,971 $875 $70 $2,112 $7,206 $16,588 $135,915 L Total Increase $29 $29 $42 $51 $3,899 $35 $6,472 $55 $110 $43 $660 $75 $1,517 $287 $413 $440 $1,616 $8 $145 $381 $147 $21 $325 $388 $193 $132 $25 $349 $846 $350 $55 $76 $24 $26,606 $1 $2,448 $120 $12 $356 $1,062 $3,109 $21,968 alphabetical 51612003 COMPANY NAME SANMINA CORPORATION SANMINA CORPORATION SANMINA CORPORATION (AIRWAY) SANMINA CORPORATION (REDHILL) SANTA ANA PLATING SANTANA SERVICES SCIENTIFIC SPRAY FINISHES, INC SCISOREK & SON FLAVORS, INC. SECHRIST INDUSTRIES, INC. SELECT CIRCUITS SEMICOA SEMICONDUCTORS SEVEN-UP BOTTLING COMPANY SHEPARD BROTHERS INC. SHERWIN D. YOELIN SHIPLEY COMPANY LLC SIERRA SPRING WATER COMPANY SIGNAL ASSOCIATES SIOUX HONEY ASSOCIATION CO-OP SOLDER STATION ONE INC. -EAST SOLDER STATION ONE INC. -WEST SOLDERMASK, INC. SOUTH BAY CHROME SALESICHROME EFFECTS SOUTH COAST CIRCUITS #2 SOUTH COAST CIRCUITS #3 SOUTH COAST CIRCUITS, INC. SOUTH COAST OIL COMPANY SOUTH COAST OIL CORPORATION SOUTH COAST WATER SOUTHERN CALIFORNIA EDISON SPEEDY CIRCUITS, FACILITY #2 SPIVECO, INC. ST. JOSEPH HOSPITAL ST. JUDE MEDICAL CENTER STAINLESS MICRO-POLISH INC. STAR POWDER COATING STATEK CORPORATION STEELCASE INC. STEINER CORP. OBA AMERICAN LINEN SUPPLY STEPAN COMPANY STEVENS METAL FINISHING, INC. STREMICKS HERITAGE FOODS LLC STRIP CLEAN COMPANY A Total Volume MG 60.5113 2.0469 0,5200 0.5200 6.4546 0.4664 1.7541 1.0062 0.6640 1.2177 1.3668 17.5293 1.2227 0.2114 0.2678 0.1170 0.0615 2.3434 2.7311 9.1414 0.6405 2.1373 2.1332 0.3250 2.4427 0.5116 1.7892 0.1014 4.6771 4.7617 0.3017 60.0946 12.7750 1.9255 0.0198 3.5812 45.4082 21 .6210 5.1964 4.8049 80.2433 0.5621 B Total BOD lbs 70,403 109 1,084 1,064 2,000 34 2,396 332,976 1,354 190 1,471 347,961 78,176 19 558 244 0 217,634 898 5,026 509 688 977 678 1,707 98 0 211 7,089 3,485 868 125,297 26,636 551 17 15,812 13,934 104,004 373,396 845 1,493,459 59 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 13,678 392 1,084 1,084 1,605 275 1,162 28,463 1,380 190 1,426 29,241 5,656 19 558 i44 0 2,068 143 4,512 429 5g5 3,296 678 1,547 277 0 211 6,463 946 299 125,297 26,636 508 12 5,051 21,483 20,470 609 2.475 467,928 12 D Vol Chg 2002-3 $282..92 $17, 120 $579 $147 $147 $1 ,826 $133 $496 $265 $188 $345 $387 $4,959 $346 $60 $76 $33 $17 $663 $773 $2,586 $181 $605 $604 $92 $691 $145 $506 $29 $1,323 $1 ,347 $85 $17,002 $3,614 $545 $6 $1,013 $12,847 $6,117 $1,470 $1,359 $22,702 $159 E BOD Chg 2002-3 $190.65 $13,422 $21 $207 $207 $381 $7 $457 $63,482 $256 $36 $280 $66,339 $14,904 $4 $106 $47 $0 $41,492 $171 $958 $97 $131 $186 $129 $325 $19 $0 $40 $1,352 $664 $165 $23,668 $5,078 $105 $3 $3,015 $2,656 $19,826 $71,186 $161 $284,728 $11 F TSS Chg 2002-3 $184.55 $2,524 $72 $200 $200 $296 $51 $214 $5,253 $255 $35 $263 $5,396 $1,044 $4 $103 $45 $0 $382 $26 $833 $79 $127 $606 $125 $285 $51 $0 $39 $1,193 $175 $55 $23, 124 $4,916 $94 $2 $932 $3,965 $3,778 $112 $457 $66,356 $2 G Total Chg 2002-3 $33,066 $672 $554 $554 $2,504 $190 $1, 166 $69,020 $701 $416 $931 $76,695 $16,294 $67 $265 $125 $17 $42,537 $970 $4,377 $357 $863 $1 ,398 $346 $1,302 $215 $506 $108 $3,868 $2,186 $306 $64,013 $13,608 $743 $11 $4,960 $19,466 $29,723 $72,770 $1 ,977 $393,786 $172 H Vol Chg 2003-04 $316,38 $19,145 $648 $165 $165 $2,042 $146 $555 $319 $210 $385 $433 $5,546 $387 $67 $85 $37 $19 $741 $864 $2,892 $203 $676 $675 $103 $773 $162 $566 $32 $1,480 $1,507 $95 $19,013 $4,042 $609 $6 $1, 133 $14,366 $6,640 $1,644 $1,520 $25,387 $178 BOD Chg 2003-04 $233.00 $16,404 $26 $253 $253 $466 $8 $556 $77,583 $315 $44 $343 $81 ,075 $16,215 $4 $130 $57 $0 $50,709 $209 $1,171 $119 $160 $228 $158 $396 $23 $0 $49 $1,652 $812 $202 $29, 194 $6,206 $128 $4 $3,684 $3,247 $24,233 $67,001 $197 $347,976 $14 J TSS Chg 2003-04 $230.14 $3,148 $90 $250 $250 $369 $63 $267 $6,550 $318 $44 $328 $6,730 $1 ,302 $4 $129 $56 $0 $476 $33 $1,038 $99 $158 $756 $156 $356 $64 $0 $49 $1,487 $218 $69 $28,836 $6, 130 $117 $3 $1, 162 $4,944 $4,711 $140 $570 $107,689 $3 Page 10 of 12 K Total Chg 2003-04 $38,696 $763 $667 $667 $2,878 $220 $1 ,361 $84,453 $843 $473 $1, 104 $93,350 $1 9,904 $76 $343 $150 $19 $51 ,926 $1,108 $5,101 $420 $995 $1,661 $417 $1,526 $249 $566 $130 $4,61 9 $2,536 $366 $77,043 $16,378 $854 $13 $5,980 $22,557 $35,784 $88,765 $2,287 $481,052 $194 ' L Total Increase $5,630 $91 $113 $113 $374 $30 $213 $15,433 $142 $57 $173 $16,656 $3,610 $9 $58 $25 $2 $9,390 $136 $724 $63 $132 $263 $70 $225 $34 $60 $22 $751 $350 $60 $13,029 $2,770 $111 $2 $1,020 $3,089 $6,061 $16,015 $309 $87,266 $22 5/6/2003 COMPANY NAME SUNCLIPSE INC. SUNCLIPSE, INC. (CORRUGATOR PLANT) SUNCLIPSE, INC. OBA CORRU KRAFT II SUNDOR BRANDS INC. A PROCTER & GAMBLE C SUNSET ENVIRONMENTAL, INC. #1 SUNSET ENVIRONMENTAL, INC. #2 SUPERIOR FORGE INC. SUPERIOR PLATING SUPERIOR PROCESSING SVG THERMCO SYSTEMS INC TRW-LUCAS AEROSPACE.BREA TAC WEST, INC. TAORMINA INDUSTRIES INC. #4 TAYCO ENGINEERING, INC. TAYLOR-DUNN MANUFACTURING COMPANY TECHPLATE ENGINEERING CO. INC. TEXTRON AEROSPACE THERMAL-VAC TECHNOLOGY TIODIZE COMPANY, INC. TODDS ENTERPRISES TOWN & COUNTRY LAUNDRY TOYOTA RACING DEVELOPMENT TRANSLINE TECHNOLOGY INC. TREND OFFSET PRINTING SERVICES INC. TRIM-LOK I R.T.P. TRIPLE A CONTAINERS INC. TRI-STAR ENGINEERED PRODUCTS, INC. TROY SYSTEMS INC. TUSTIN HOSPITAL AND MEDICAL CENTER UOP U.S. DYEING & FINISHING INC. U.W.M.C. HOSPITAL CORPORATION UCI MEDICAL CENTER ULTRA PURE METAL FINISHING, INC. ULTRA WHEEL COMPANY UNION INCORPORATED UNITED CIRCUIT TECHNOLOGY INC. UNITED CUSTOM POLISHING & PLATING UNITED YARNS COMPANY, INC UNIVERSAL ALLOY CORP UNIVERSAL CIRCUITS INCORPORATED UNOCAL CORPORATION A Total Volume MG 1.2486 3.7424 5.1310 36.8025 0.5850 2.0580 1.0513 1.3786 0.3279 2.7000 1.6926 10.6171 2.2374 2.0851 1.7050 0.0604 12.8491 1.2684 2.9349 2.7962 0.2237 1 9884 0 4246 7.5966 3.4401 0.5148 1.7283 0.4900 2.7183 2.4374 266.5025 9.0171 24.6375 3.7257 7.8670 12.1532 0.7023 0.1444 13.2591 6.3683 16.8751 54.1821 B Total BOD lbs 3,335 41,208 33,316 1,642,462 1,220 1,220 672 363 86 5,630 2,536 107,218 2,277 45,119 3,585 104 18,742 119 488 24,177 0 4,146 150 15,839 1,376 1,069 1,942 980 5,668 24,194 348,583 18,801 51,369 471 7,642 19,855 929 113 37,552 5,218 31,025 6,849 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Tortal TSS lbs 2,031 91,722 60,701 55,737 1,220 1,22·0 672 312 93 5,63·0 2,382 14,944 3,079 1,693 3,551 135 7,623 675 488 11,049 0 4,146 150 15,839 1,376 3,295 632 977 5,668 1,283 183,363 18,801 51,369 1,376 26,610 8,329 521 156 5,487 5,218 7,412 6,849 D Vol Chg 2002-3 $282.92 $353 $1,059 $1,452 $10,412 $166 $582 $297 $390 $93 $764 $479 $3,004 $633 $590 $482 $17 $3,635 $359 $830 $791 $63 $563 $120 $2,149 $973 $146 $489 $139 $769 $690 $75,399 $2,551 $6,970 $1,054 $2,226 $3,438 $199 $41 $3,751 $1,802 $4,774 $15,329 E BOD Chg 2002-3 $190.65 $636 $7,856 $6,352 $313, 135 $233 $233 $128 $69 $16 $1,073 $483 $20,441 $434 $8,602 $683 $20 $3,573 $23 $93 $4,609 $0 $790 $29 $3,020 $262 $204 $370 $167 $1,081 $4,613 $66,457 $3,584 $9,794 $90 $1,457 $3,785 $177 $21 $7, 159 $995 $5,915 $1,306 F TSS Chg 2002-3 $184.55 $375 $16,927 $11,202 $10,286 $225 $225 $124 $58 $17 $1,039 $440 $2,758 $568 $312 $655 $25 $1,407 $125 $90 $2,039 $0 $765 $28 $2,923 $254 $608 $117 $180 $1,046 $237 $33,840 $3,470 $9,480 $254 $4,911 $1,537 $96 $29 $1,013 $963 $1,368 $1,264 G:lexcel.dta\fin\210\streedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $1,364 $25,842 $19,006 .$333,834 $623 $1 ,040 $550 $517 $126 $2,876 $1,402 $26,203 $1 ,635 $9,504 $1,621 $62 $6,615 $506 $1,013 $7,440 $63 $2, 116 $176. $8,092 $1 ,490 $958 $976 $506 $2,896 $5,539 $175,696 $9,605 $26,244 $1,396 $6,594 $8,761 $472 $91 $11 ,923 $3,759 $1 2,057 $17,699 H Vol Chg 2003-04 $316.38 $395 $1,184 $1 ,623 $11,644 $185 $651 $333 $436 $104 $654 $536 $3,359 $708 $660 $539 $19 $4,065 $401 $929 $685 $71 $629 $134 $2,403 $1,088 $163 $547 $155 $660 $771 $84,316 $2,653 $7,795 $1,179 $2,489 $3,845 $222 $46 $4,1 95 $2,015 $5,339 $17, 142 BOD Chg 2003-04 $233.00 $777 $9,601 $7,763 $362,694 $284 $284 $157 $85 $20 $1,312 $591 $24,982 $530 $10,513 $635 $24 $4,367 $28 $114 $5,633 $0 $966 $35 $3,690 $321 $249 $452 $228 $1,321 $5,637 $81 ,220 $4,381 $11 ,969 $110 $1,781 $4,626 $216 $26 $8,750 $1,216 $7,229 $1,596 J TSS Chg 2003-04 $230.14 $468 $21,109 $13,970 $12,827 $281 $281 $155 $72 $21 $1,296 $548 $3,439 $709 $390 $817 $31 $1,754 $155 $112 $2,543 $0 $954 $35 $3,645 $317 $758 $146 $225 $1,304 $295 $42,199 $4,327 $11,822 $317 $6,124 $1,917 $120 $36 $1,263 $1,201 $1,706 $1,576 Page 11 of 12 K Total Chg 2003-04 $1,640 $31,894 $23,356 $407, 165 $750 $1,216 $644 $592 $145 $3,461 $1,675 $31,780 $1,947 $11,562 $2,192 $74 $10,186 $584 $1, 155 $9,061 $71 $2,549 $204 $9,739 $1,726 $1, 170 $1 , 145 $608 $3,485 $6,704 $207,735 $11 ,560 $31 ,566 $1 ,605 $10,394 $10,388 $559 $108 $14,207 $4,431 $14,274 $20,314 L Total Increase $276 $6,052 $4,350 $73,331 $127 $176 $94 $76 $19 $585 $273 $5,577 $312 $2,058 $371 $13 $1,571 $78 $141 $1,621 $7 $431 $27 $1,647 $236 $213 $169 $102 $589 $1,165 $32,039 $1,955 $5,342 $207 $1,800 $1,627 $87 $17 $2,284 $672 $2,216 $2,415 alphabetical ...... w 0\ 5/6/2003 A B Total Volume Total BOD COMPANY NAME MG lbs UWMC HOSPITAL CORPORATION 34.0269 70,946 VAN LAW FOOD PRODUCTS, INC. 11.0016 971,210 VEECO ELECTRO FAB INC. #2 0.0169 30 VELIE CIRCUITS INC. 21 .7595 7,205 VERTEQ PROCESS SYSTEMS INC. 2.0404 2,541 VICTORY CIRCUITS INC. 0.3460 820 VILLA PARK ORCHARDS ASSOCIATION 1.7451 3,280 W. M. ELLIOTT 0.0174 0 WALKER CUSTOM COATING 0.0252 53 WATER MAN 5.0813 230 WEBER PRECISION GRAPHICS 1.0679 4,368 WEIDMANN WATER CONDITIONERS, INC. 5.4686 343 WESCO SERVICES 0.0631 94 WEST AMERICAN RUBBER COMPANY INC. 6.7943 6,685 WEST ANAHEIM MEDICAL CENTER 18.8219 39,244 WEST NEWPORT OIL COMPANY 11.1885 38,586 WEYERHAEUSER COMPANY 13.4847 80,964 WILLAMETTE INDUSTRIES INC. 2 0060 16,706 WILLIAM J. SCOTT 0.8319 0 WILVIAN JEWELL RENNER 0.0032 0 WINONICS (BREA) 38.8206 10,492 WINONICS, INC. 33.9466 18,147 WINTEC, LLC 0 0995 207 WORLD CITRUS WEST 17.7704 336,406 X Z X ELECTRONICS 0.0552 41 Y K K (US.A) INC. 5.0427 1,633 Y2K TEXTILE CO., INC. 0.9818 2,047 Total 6,821 20,775,456 Average per Permit User 14 42,486 Average per day 19 56,919 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c D E F Vol Chg BOD Chg TSS Chg Tottal TSS 2002-3 2002-3 2002-3 lbs $282,92 $190.65 $164.55 70,946 $9,627 $13,526 $13,093 411,278 $3,113 $165, 161 $75,901 27 $5 $6 $5 5,672 $6,156 $1,374 $1,047 2,575 $577 $464 $475 155 $96 $156 $29 45,442 $494 $625 $8,386 0 $5 $0 $0 53 $7 $10 $10 230 $1,438 $44 $43 971 $308 $833 $179 8,959 $1,547 $65 $1 ,653 54 $18 $18 $10 6,685 $1,922 $1,274 $1,234 39,244 $5,325 $7,482 $7,242 2,984 $3,165 $7,356 $551 65,403 $3,815 $15,436 $12,070 56,415 $568 $3,185 $10,411 '° $235 $0 $0 0 $1 $0 $0 10,492 $10,963 $2,000 $1,936 6,360 $9,604 $3,460 $1,174 207 $28 $40 $38 79,141 $5,028 $64, 136 $14,606 41 $16 $8 $8 1.633 $1,427 $311 $301 2,047 $278 $390 $378 G Total Chg 2002-3 $36,246 $264, 175 $16 $8,577 $1,537 $283 $9,505 $5 $27 $1,524 $1,320 $3,266 $46 $4,430 $20,049 $11 ,073 $31,321 $14,165 $235 $1 $14,920 $14,238 $106 $83,769 $31 $2,039 $1,046 8,332,938 $1,929,763 $3,960,841 $1,53.7,644 $7,428,448 17,041 $3,946 $6,100 $3,145 $1 5, 191 22,830 $5,267 $10,852. $4,213 $20,352 G:\excel.dtalfin\210\streed\old d cocv\STRATPLN\2003-04 cermit users for AR.xis Page 12of12 H J K L Vol Chg BOD Chg TSS Chg 2003-04 2003-04 2003-04 Total Chg Total $316.36 $233.00 $230.14 2003-04 In Cf ease $10,765 $16,530 $16,326 $43,623 $7,378 $3,461 $226,292 $94,652 $324,424 $60,249 $5 $7 $6 $19 $3 $6,664 $1 ,679 $1 ,305 $9,869 $1,292 $646 $592 $593 $1,830 $293 $109 $191 $36 $336 $53 $552 $764 $10,458 $11,774 $2,269 $6 $0 $0 $6 $1 $8 $12 $12 $32 $5 $1 ,608 $54 $53 $1,714 $190 $344 $1,018 $224 $1 ,585 $266 $1 ,730 $80 $2,062 $3,872 $606 $20 $22 $12 $54 $9 $2, 150 $1,557 $1,538 $5,245 $815 $5,955 $9,144 $9,032 $24,130 $4,081 $3,540 $8,991 $687 $13,217 $2,145 $4,266 $18,865 $15,052 $38, 183 $6,662 $635 $3,693 $12,983 $17,511 $3,347 $263 $0 $0 $263 $28 $1 $0 $0 $1 $0 $12,282 $2,445 $2,415 $17,142 $2,222 $10,740 $4,226 $1 ,464 $16,432 $2,194 $31 $46 $46 $126 $22 $5,622 $78,383 $18,214 $102,218 $18,449 $17 $9 $9 $36 $5 $1 ,595 $381 $376 $2,352 $312 $311 $477 $471 $1,259 $213 $2, 157,990 $4,640,681 $1,917,742 $8,918,414 $1,487,966 $4,41 3 $9,899 $3,922 $16,234 $3,043 $5,912 $13,262 $5,254 $24,429 $4,077 $0 5/6/2003 . COMPANY NAME A & A DEBURRING & TUMBLING INC. A & G ELECTROPOLISH A & R POWDER COATING INC. AM F ELECTRONICS INC. AP W ENCLOSURE SYSTEMS LLC SOUTH A PW ENCLOSURE SYSTEMS, LLC ARO SERVICE AS M COMPANY INC. ACCURATE CIRCUIT ENGINEERING ACCURATE METAL FABRICATORS INC. ACROBURR INC. #2 ACTIVE PLATING INC. ADVANCE TECH PLATING INC. ADVANCE TECH PLATING INC. #2 AERA ENERGY LLC AERA ENERGY LLC #2 AIR INDUSTRIES CORP. (CHAPMAN) AIR INDUSTRIES CORP.-KNOTT ALEXANDER OIL COMPANY ALL METAL PAINT STRIPPING INC. #2 ALL METALS PROCESSING OF O.C. INC. ALLIED PACIFIC METAL STAMPING ALLOY DIE CASTING CO. ALLOY TECH ELECTROPOLISHING INC. ALL TEK CIRCUIT INC. ALMATRON ELECTRONICS, INC. ALPHANETICS INC. A Total Volume MG 0.4257 0.3143 0.4238 3.6776 4.0854 2.8923 0.2275 0 8253 1.8284 3.5061 0.0707 5.5755 0.5553 0.0330 494.1009 0.0821 1.8805 11 .5559 0.1760 0.0465 1.0400 0.6675 1.0518 0.6806 2.0473 2.6648 12.1232 ALSTYLE APPAREL-ACTIVEWEAR MFG. CO. INC. 433.7566 ALTA BELLWOOD HOSPITALS INC. 0.2738 ALUMINUM FORGE -DIV. OF ALUM. PRECISION 3.4055 ALUMINUM PRECISION PRODUCTS INC. CENTRA 1.5704 ALUMINUM PRECISION PRODUCTS INC.-SUSAN 6.0653 AMERICAN CIRCUIT TECHNOLOGY INC. 4.0483 AMERIMAX BUILDING PRODUCTS INC. 2.5048 AMERIPEC INC. 25.4239 AMETEK AEROSPACE 1.5314 ANAHEIM EXTRUSION CO. INC. 1.5997 ANAHEIM GENERAL HOSPITAL 7.6776 ANAHEIM MEMORIAL MEDICAL CENTER 24.3460 ANAHEIM MEMORIAL MEDICAL CENTER -WEST 4.9275 ANAHEIM PLATING & POLISHING INC. 3.4187 ANAHEIM TRUCK DEPOT#2 BIN WASH 0.6163 B Total BOD lbs 1,444 234 127 2,251 3,237 4,386 474 1,721 6,282 5,627 43 1,142 285 69 53,733 171 13,669 15,386 0 146 2,168 5,079 1,907 250 967 2,557 8,052 951 ,033 571 3,014 5,338 2,412 1,352 544 304,552 3,193 1,105 16,008 50,761 10,274 1,403 1,285 ATTACHMENT 4 Rate Change Impact on p,.:rmit Users 2000-01 Quantities, 2002-03 Rates a.1d 2003-04 Rates Before Credits for Property Taxes ol Sewer Service Fees c Total TSS lbs 1,182 174 184 2,575 7,828 1,979 474 1,721 1,246 5,049 45 1,097 134 69 70,213 171 8,259 37,058 0 244 2,168 2,166 1,894 433 447 2,073 2,342 387,633 571 11 ,953 1, 103 4,304 2,788 1,943 10,648 3,193 1,319 16,008 50,76 1 10,274 749 1,285 D Vol Chg 2002-3 $282.92 $120 $89 $120 $1,040 $1,156 $818 $64 $233 $517 $992 $20 $1 ,577 $157 $9 $139,791 $23 $532 $3,269 $50 $13 $294 $189 $298 $193 $579 $754 $3,430 $122,718 $77 $963 $444 $1,716 $1,145 $709 $7,193 $433 $453 $2, 172 $6,888 $1,394 $967 $174 E BOD Chg 2002-3 $190.65 $275 $45 $24 $429 $617 $836 $90 $328 $1,198 $1 ,073 $8 $218 $54 $13 $10,244 $33 $2,606 $2,933 $0 $28 $413 $968 $364 $48 $184 $487 $1,535 $181,315 $109 $575 $1 ,018 $460 $258 $104 $58,063 $609 $211 $3,052 $9,678 $1,959 $268 $245 F TSS Chg 2002-3 $184.55 $218 $32 $34 $475 $1,445 $365 $88 $318 $230 $932 $8 $202 $25 $13 $12,958 $32 $1,524 $6,839 $0 $45 $400 $400 $349 $80 $82 $383 $432 $71,538 $105 $2,206 $204 $794 $515 $359 $1,965 $589 $243 $2,954 $9,368 $1,896 $138 $237 G:lexcel.dtaVin\21 O\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Totail Chg 2002-3 $614 $166 $178 $1,945 $3,218 $2,020 $242 $879 $1,945 $2,996 $37 $1 ,998 $236 $35 $162,993 $87 $4,662 $13,042 $50 $86 $1 ,108 $1,557 $1,011 $320 $846 $1,624 $5,397 $375,571 $292 $3,744 $1,666 $2,970 $1,918 $1,171 $67,221 $1,631 $907 $8,178 $25,9-34 $5,249 $1,373 $656 H Vol Chg 2003-04 $316.38 $135 $99 $134 $1,164 $1 ,293 $915 $72 $261 $578 $1 , 109 $22 $1 ,764 $176 $10 $156,324 $26 $595 $3,656 $56 $15 $329 $21 1 $333 $215 $648 $843 BOD Chg 2003-04 $233.00 $336 $55 $30 $524 $754 $1,022 $111 $401 $1,464 $1,311 $10 $266 $67 $16 $12,520 $40 $3,185 $3,585 $0 $34 $505 $1,183 $444 $58 $225 $596 J TSS Chg 2003-04 $230.14 $272 $40 $42 $593 $1,802 $455 $109 $396 $287 $1 ,162 $10 $252 $31 $16 $16, 159 $39 $1 ,901 $8,529 $0 $3,836 $1,876 $56 $499 $498 $436 $100 $103 $477 $539 $137,232 $221,591 $89,210 $131 $87 $133 $1,077 $497 $1,919 $1,281 $792 $8,044 $485 $506 $2,429 $7,703 $1 ,559 $1,062 $195 $702 $2,751 $1,244 $254 $562 $991 $315 $642 $127 $447 $70,961 $2,451 $744 $735 $257 $304 $3,730 $3,684 $11 ,827 $11 ,682 $2,394 $2,364 $327 $172 $299 $296 Page 1of12 K Total Chg 2003-04 $743 $194 $206 $2,281 $3,848 $2,392 $292 $1,058 $2,329 $3,582 $43 $2,283 $273 $42 $185,002 $105 $5,681 $15,770 $56 $105 $1,333 $1,893 $1,213 $373 $976 $1,916 $6,251 $448,033 $351 $4,531 $1 ,994 $3,472 $2,237 $1,366 $81,455 $1,963 $1,067 $9,843 $31,21 2 $6,317 $1,581 $790 L Total Increase $129 $28 $28 $336 $631 $373 $49 $179 $384 $586 $6 $285 $37 $7 $22,009 $18 $1,018 $2,728 $6 $19 $225 $336 $202 $53 $130 $292 $853 $72,462 $59 $787 $329 $501 $320 $195 $14,234 $332 $160 $1 ,665 $5,279 $1 ,066 $208 $134 alphabetical 5/6/2003 COMPANY NAME ANGELICA TEXTILE ANO D'ART, INC. ANODYNE INC. ANOMIL ENT. OBA DANCO METAL SURFACING AQUA-CON COMPANY AQUARIAN COATINGS CORPORATION ARCO PETROLEUM PRODUCTS COMPANY ARNOLD ELECTRONICS, INC. #1 ARROWHEAD PRODUCTS CORPORATION ARROWHEAD PURITAS WATERS (RIO REJECT) ARTISTIC PLATING & METAL FINISHING INC. ASTECH MANUFACTURING INC. AUTO-CHLOR SYSTEM OF WASHINGTON, INC. AVIATION EQUIPMENT STRUCTURES, INC. BA F INDUSTRIES B I TECHNOLOGIES, INC. B. BRAUN MEDICAL INC. BALI OIL COMPANY BASIC ELECTRONICS, INC. BASIN MARINE INC. BAZZ HOUSTON CO. BEARING INSPECTION INC. BECKMAN COULTER, INC BLACK OXIDE INDUSTRIES INC. BOEING CO.-SEMICONDUCTOR BOEING COMPANY -BLDG. 271 BOEING COMPANY (GENERAL FAC) BOND TECHNOLOGIES INC. BREA COMMUNITY HOSPITAL BRIDGFORD FOODS CORPORATION BRIGHT ARMOUR PLATING BRINDLEfTHOMAS BRINDLEfTHOMAS OIL COMPANY BRISTOL INDUSTRIES BURLINGTON ENGINEERING INC BURROWS IND. OBA MINUTEMAN PUMPING CADILLAC PLATING CAL-AURUM INDUSTRIES INC. CALIF CONSOLIDATED WATER PURIFICATION CALIFORNIA CUSTOM SHAPES, INC. CALIFORNIA STATE UNIVERSITY AT FULLERTON CAL-TRONICS CIRCUIT INC. -SANTA ANA A Total Volume MG 97.7260 4.9479 10.9589 5.8670 1,2147 0.7831 0.0548 12.7707 13.4392 5.5100 11.4569 17 6119 0.1336 0.5027 2.2747 44032 260 0645 2.8369 0.5150 0.1188 3.3170 1,6625 14.7494 5.8769 21.8348 0.4440 71.6813 1.8748 2.7375 10.1391 3.6804 0.1460 2.1900 9.0225 1.2675 5.8124 2.0139 22.6959 15.2512 2.1650 85.3916 2.0917 B Total BOD lbs 54,716 346 1,929 511 52 546 104 3, 120 11,503 1,812 2,561 1,955 4,080 1,048 4,503 3,566 102,517 0 1,455 248 1,859 3,539 15,963 1,051 43,480 35 150,641 1,903 5,708 2,033 275 0 20,347 3,780 5,905 23,449 817 1, 160 809 780 71 ,217 2,301 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 43,558 2,459 5,590 7,450 429 320 104 5,512 12,225 3,418 3,269 1,955 87 1,048 919 3,258 51 ,143 1, 136 364 248 1,690 3,981 19,927 1,336 43,480 100 143,667 1,903 5,708 2,033 1,607 0 603 5,043 850 8,681 592 3,560 80,498 2,340 53,412 274 D Vol Chg 2002-3 $.282.92 $27,649 $1,400 $3, 100 $1,660 $344 $222 $16 $3,613 $3,802 $1,559 $3,241 $4,983 $38 $142 $644 $1,246 $73,583 $803 $146 $34 $938 $470 $4,173 $1,663 $6,178 $126 $20,280 $530 $774 $2,869 $1,041 $41 $620 $2,553 $359 $1,644 $570 $6,421 $4,315 $613 $24, 159 $592 E BOD Chg 2002-3 $190.65 $10,432 $66 $368 $97 $10 $104 $20 $595 $2, 193 $345 $488 $373 $776 $200 $858 $680 $19,545 $0 $277 $47 $354 $675 $3,043 $200 $8,269 $7 $28,720 $363 $1,068 $388 $52 $0 $3,879 $721 $1 ,126 $4,471 $156 $221 $154 $149 $13,577 $439 F TSS Chg 2002-3 $184.55 $8,039 $454 $1 ,032 $1,375 $79 $59 $19 $1 ,017 $2,256 $631 $603 $361 $16 $193 $170 $601 $9,436 $210 $67 $46 $312 $735 $3,676 $246 $8,024 $19 $26,514 $351 $1 ,053 $375 $297 $0 $111 $931 $157 $1 ,602 $109 $657 $14,856 $432 $9,857 $51 G Total Chg 2002-3 $46, 119 $1,920 $4,500 $3,132 $433 $365 $55 $5,225 $6,251 $2,535 $4,333 $5,716 $832 $535 $1,672 :$2,527 $1'()2,566 :$1,012 $490 $127 $1,605 $1,880 $10,894 $2,109 $22,491 $151 $75,514 $1 ,244 $2,916 $3,631 $1,390 $41 $4,610 $4,204 $1,641 $7,717 $835 $7,299 $1 9,325 $1, 193 $47,594 $1,081 H Vol Chg 2003-04 $316.38 $30,919 $1,565 $3,467 $1,856 $384 $248 $17 $4,040 $4,252 $1,743 $3,625 $5,572 $42 $159 $720 $1,393 $82,286 $898 $163 $38 $1,049 $526 $4,666 $1,859 $6,908 $140 $22,679 $593 $866 $3,208 $1, 164 $46 $693 $2,855 $401 $1,839 $637 $7,181 $4,825 $685 $27,016 $662 BOD Chg 2003-04 $233.00 $12,749 $81 $449 $119 $12 $127 $24 $727 $2,680 $422 $597 $455 $951 $244 $1,049 $831 $23,866 $0 $339 $58 $433 $825 $3,719 $245 $10,131 $8 $35,099 $443 $1,330 $474 $64 $0 $4,741 $881 $1,376 $5,464 $190 $270 $188 $182 $16,593 $536 J TSS Chg 2003-04 $230.14 $10,024 $566 $1,286 $1,715 $99 $74 $24 $1,269 $2,813 $787 $752 $450 $20 $241 $212 $750 $11,770 $261 $84 $57 $389 $916 $4,586 $307 $10,007 $23 $33,063 $438 $1,314 $468 $370 $0 $139 $1, 161 $196 $1,998 $136 $819 $18,526 $538 $12,292 $63 Page 2of12 K Total Chg 2003-04 $53,692 $2,212 $5,203 $3,690 $496 $449 $66 $6,036 $9,746 $2,952 $4,974 $6,477 $1,013 $644 $1,980 $2,974 $117,942 $1,159 $586 $152 $1.872 $2,267 $1 2,972 $2,412 $27,046 $172 $90,841 $1.474 $3,510 $4,149 $1,598 $46 $5,572 $4,896 $1,972 $9,300 $964 $8,270 $23,539 $1,405 $55,902 $1,261 L Total Increase $7,573 $292 $703 $558 $62 $64 $11 $811 $1,494 $417 $641 $761 $181 $109 $309 $447 $15,376 $147 $95 $26 $267 $387 $2,078 $302 $4,554 $21 $15,328 $230 $594 $518 $208 $5 $962 $692 $331 $1,583 $129 $971 $4,214 $212 $8,308 $180 51612003 COMPANY NAME CAMBRO MANUFACTURING CANNON EQUIPMENT WEST INC. CAPRO OIL COMPANY CARGILL INC. CARTEL ELECTRONICS CASE SWAYNE, INC. CATALINA CYLINDERS A DIV. OF APP CEMPI INDUSTRIES INC. CENTRAL POWDER COATING CENTURY CIRCUIT SERVICES CENTURY LAMINATORS INC. CERADYNE INC. (MACHINE SHOP) CEROMET INC. CHAPMAN MEDICAL CENTER CHEEK ENGINEERING & STAMPING CHROMA SYSTEMS PARTNERS CHROME TECHNOLOGY, INC. CIRCUIT ACCESS CIRCUIT CENTER CIRCUIT TECH INC. CIRTECH INC. CITY OF ANAHEIM -WATER SERVICES CITY OF HUNTINGTON BEACH FIRE DEPARTMEN CITY OF NEWPORT BEACH CITY OF TUSTIN -MAINTENANCE YARD CITY OF TUSTIN WATER SERVICE (17TH ST.) CITY OF TUSTIN, WATER SERVICE (MAIN ST.) CLASSIC PLATING INC. CLEUGH'S RHUBARB COMPANY COASTLINE METAL FINISHING CORP. COIN LAUNDRY C/O FRANZ LIEM COLUMBIA HUNTINGTON BEACH HOSPITAL COLUMBINE ASSOCIATES CONEXANT SYSTEMS, INC. CONTINUOUS COATING CORPORATION COOPER AND BRAIN INC. COPPER CLAD MULTILAYER PRODUCTS INC. COSMOTRONIC CORPORATION CRAZY SHIRTS INC. CREST COATING INC. CRITERION MACHINE WORKS CROCKETT CONTAINER CORP. A Total Volume MG 3.9216 1.8547 1.7514 4.4876 2.4280 9.1525 7.1849 0.3092 0.4486 4.1890 20.7897 1.3397 0.5332 2.7375 0.7026 178.5378 3.7358 0.0406 0.1065 0.7505 6,6467 7_6110 2.3159 2.2632 0.0211 120.5313 5.5262 3.2568 5.6441 6.6595 0.1505 4.3800 0.2637 610 1060 15.0683 16.5687 17.8300 4.8467 0.8125 3.0720 0.4363 0.6175 B Total BOD lbs 4,472 1,863 0 16,298 1,486 40,506 3,961 560 295 679 4,924 5,178 1, 112 5,708 879 172,246 915 85 6 457 6,459 95 1,217 14 44 4,077 19 777 90,268 1,174 0 9,132 0 15,015 1,135 1,658 8,522 11,512 1,694 8,755 573 1,287 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 4,472 1,986 0 6,427 746 5,722 5,132 560 232 1,608 4,432 2,438 1,112 5,708 296 55,207 2,125 85 6 437 6,610 163,891 946 14 44 27,192 433 649 6,329 2,1 12 0 9,132 0 50,21 2 3,558 4,560 2,268 2,791 ,,694 3,780 573 1,287· D Vol Chg 2002-3 $282.92 $1,109 $525 $496 $1,270 $687 $2,589 $2,033 $87 $127 $1,185 $5,882 $379 $151 $774 $199 $50,512 $1 ,057 $11 $30 $212 $1,880 $2,153 $655 $640 $6 $34,101 $1,563 $921 $1 ,597 $1,884 $43 $1 ,239 $80 $172,611 $4,263 $4,688 $5,044 $1 ,371 $230 $869 $123 $175 E BOD Chg 2002-3 $190.65 $853 $355 $0 $3, 107 $283 $7,722 $755 $107 $56 $129 $939 $987 $212 $1,088 $168 $32,639 $174 $16 $1 $87 $1 ,231 $18 $232 $3 $8 $777 $4 $148 $17,210 $224 $0 $1 ,741 $0 $2,863 $216 $316 $1 ,625 $2,195 $323 ;;. 1369 $':19 $245 F TSS Chg 2002-3 $184.55 $825 $367 $0 $1,186 $138 $1,056 $947 $103 $43 $297 $818 $450 $205 $1 ,053 $55 $10, 168 $392 l'i16 $1 $81 $1,220 $30,246 $175 $3 $8 $5,018 $80 $120 $1,168 $390 $0 $1 ,685 $0 $9,267 $657 $842 $418 $515 $313 $698 $106 $238 G:\excel.dtalfin\210\streedlold d copylSTRATPLN\2003-04 permit users for AR.xis G To~al Chg 2·002~3 $2,768 $1 ,247 $496 $5,563 $1, 108 $11,368 $3,735 $298 $226 $1 ,611 $7,639 $1 ,816 $568 $2,916 $421 $93,539 $1 ,623 $43 $32 $380 $4,332 $32,417 $1,062 $645 $22 $39,896 $1,647 $1, 189 $19,974 $2,498 $43 $4,666 $80 $184,740 $5,136 $5,845 $7,088 $4,081 $865 $3,236 $339 $658 H Vol Chg 2003-04 $31 6.38 $1,241 $587 $554 $1,420 $768 $2,896 $2,273 $98 $142 $1 ,325 $6,577 $424 $169 $866 $222 $56,486 $1,182 $13 $34 $237 $2,103 $2,408 $733 $716 $7 $38, 134 $1,748 $1 ,030 $1,786 $2,107 $48 $1 ,386 $90 $193,025 $4,767 $5,242 $5,641 $1 ,533 $257 $972 $138 $195 BOD Chg 2003-04 $233.00 $1,042 $434 $0 $3,797 $346 $9,438 $923 $131 $69 $158 $1 ,147 $1,207 $259 $1 ,330 $205 $40, 133 $213 $20 $1 $107 $1,505 $22 $284 $3 $10 $950 $4 $181 $21,032 $274 $0 $2,128 $0 $3,498 $264 $386 $1 ,986 $2,682 $395 $2,040 $134 $300 J TSS Chg 2003-04 $230.14 $1,029 $457 $0 $1 ,479 $172 $1,317 $1 , 181 $129 $53 $370 $1 ,020 $561 $256 $1,314 $69 $12,705 $489 $19 $1 $100 $1,521 $37,718 $218 $3 $10 $6,258 $100 $149 $1,457 $486 $0 $2, 102 $0 $11 ,556 $819 $1 ,049 $522 $642 $390 $870 $132 $296 Page 3of12 K Total Chg 2003-04 $3,312 $1,478 $554 $6,696 $1,286 $13,650 $4,377 $357 $264 $1,854 $8,745 $2,191 $684 $3,510 $496 $109,324 $1,884 $52 $36 $444 $5, 129 $40, 148 $1 ,234 $722 $27 $45,342 $1,852 $1 ,361 $24,275 $2,866 $48 $5,615 $90 $208,080 $5,851 $6,678 $8, 149 $4,858 $1,042 $3,882 $404 $792 L Total Increase $525 $232 $59 $1,133 $178 $2,283 $642 $60 $38 $242 $1,106 $375 $116 $594 $74 $15, 785 $261 $9 $4 $64 $797 $7,730 $172 $77 $5 $5,445 $205 $171 $4,300 $369 $5 $950 $9 $23,339 $714 $833 $1,061 $777 $176 $646 $65 $134 alphabetical 5/6/2003 COMPANY NAME CULLIGAN WATER CONDITIONING CUSTOM ENAMELERS INC. CYTEC FIBERITE INC. -MIX HOUSE D & S CUSTOM PLATING INC DAE SHIN USA, INC. DANONE WATERS OF N. A. -ANAHEIM DANONE WATERS OF N. A. -SANTAANA DATA AIRE INC. #2 DATA ELECTRONIC SERVICES INC. DATA SOLDER SERVICES DEAN FOODS CO. OF CALIF. INC(MILK PLANT) DEAN FOODS CO. OF CALIF. INC.(ICE CREAM) DELPHI AUTOMOTIVE SYSTEMS DERM COSMETICS LAB'S INC. DETAILS INC #3, DBA DYNAMIC DETAILS INC. DISNEYLAND RESORT DITTY DRUM COMPANY, INC. DON MIGUEL MEXICAN FOODS INC. DONG PHUONG TOFU DUCOMMUN AEROSTRUCTURES DUNHAM METAL PROCESSING DYE TECHNIQUE INC. DYNAMIC DETAILS INC. EFT FAST QUALITY SERVICE, INC. EATON CORPORATION ECONOLITE CONTROL PRODUCTS INC. EDWARDS LIFESCIENCES LLC EL METATE FOODS, INC. EL TORO MEAT SHOP ELECTRO METAL FINISHING CORPORATION ELECTROLURGY INC. ELECTRON PLATING Ill INC. ELECTRONIC PRECISION SPECIAL TIES INC. ELECTRORACK PRODUCTS CO INC. ELECTROSERVICES 2000 INC. EMBEE INC #1 EMBEE INC. #2 EMBEE INC. #3 ENGINEERING PLATING CORPORATION ENGRAVERS INK CO ENTHONE INC. ESSEX GROUP INC. A Total Volume MG 21.3383 1.1852 1.2172 0.3964 0.4500 0.2656 0.6250 0.3250 3.9182 1.2746 33.3400 12.3677 12.4676 0.3472 10.5543 450.4191 1.5734 9.7970 0.5346 8.0778 0.9162 10.4011 16.3637 0.3956 3.0641 1.3798 0.0212 4.4657 4.0017 0 1652 11 .6743 0.9713 12.7574 0.5665 2.9695 14.5671 23.0950 10.0162 0.3333 0.0554 3.7599 1.6026 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees B c Total BOD Total TSS lbs lbs 272 8,086 790 1,037 2,372 2,380 271 375 938 938 554 554 1,303 1,303 678 676 6,992 622 1,377 454,086 223,995 4,691 9,684 465 939,124 22:5 65,58'3 9,865 7,665 762 8,415 23,383 257 2,775 2,820 39 145,216 73,56·0 327 1,152 210 1,003 1,288 887 835 1, 118 1,810 B 32 41,749 1,8:88 136 160,163 87,388 4,862 8, 185 465 939,124 911 17,482 937 4,626 1,983 4,648 12,606 65 6,901 2,228 39 211 ,933 33,662 303 7,923 566 4,177 1,161 163 835 2,247 1,012 8 65 24, 184 1,957 D Vol Chg 2002-3 $282.92 $6,037 $335 $344 $112 $127 $75 $177 $92 $1, 109 $361 $9,433 $3,505 $3,533 $98 $2,986 $127,433 $445 $2,772 $151 $2,285 $259 $2,943 $4,635 $112 $873 $390 $6 $1,263 $1,132 $47 $3,303 $275 $3,609 $161 $840 $4,127 $6,534 $2,834 $94 $16 $1,064 $453 E BOD Chg 2002-3 $190.65 $52 $151 $452 $52 $179 $106 $248 $129 $1,333 $263 $86,572 $42,705 $894 $1,846 $89 $179,044 $43 $12,503 $1,881 $1,461 $145 $1,604 $4,458 $49 $529 $538 $7 $27,685 $14,024 $62 $220 $40 $191 $245 $169 $159 $213 $345 $1 $6 $7,959 $360 F TSS Chg 2002-3 $184.55 $1,492 $191 $439 $69 $173 $102 $240 $125 $115 $25 $29,558 $16, 127 $897 $1,510 $86 $173,315 $168 $3,226 $173 $654 $366 $858 $2,326 $12 $1,274 $411 $7 $39,112 $6,212 $56 $1,462 $104 $771 $214 $30 $154 $415 $187 $1 $12 $4,463 $361 G:\excel.dlalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $7,581 $677 $1,236 $233 $479 $283 $666 $346 $2,556 $648 $125,562 $62,337 $5,325 $3,455 $3,160 $479,792 $656 $18,501 $2,205 $4,601 $770 $5,405 $11,420 $173 $2,675 $1 ,339 $21 $68,061 $21,369 $165 $4,985 $419 $4,571 $621 $1,039 $4,440 $7,162 $3,365 $97 $34 $13,486 $1,175 H Vol Chg 2003-04 $316 38 $6,751 $375 $385 $125 $142 $84 $198 $103 $1,240 $403 $10,548 $3,919 $3,951 $110 $3,339 $142,504 $496 $3, 100 $169 $2,556 $290 $3,291 $5, 183 $125 $976 $437 $7 $1,413 $1,266 $52 $3,694 $307 $4,036 $180 $939 $4,615 $7,307 $3,169 $105 $16 $1, 190 $507 BOD Chg 2003-04 $233.00 $63 $184 $553 $63 $219 $129 $304 $158 $1,629 $321 $105,602 $52, 191 $1 ,093 $2,256 $108 $218,816 $52 $15,281 $2,299 $1,786 $177 $1,961 $5,448 $60 $647 $657 $9 $33,835 $17,139 $76 $268 $49 $234 $300 $207 $195 $261 $422 $2 $7 $9,727 $440 J TSS Chg 2003-04 $230.14 $1,861 $239 $548 $86 $216 $127 $300 $156 $143 $31 $36,860 $20, 111 $1,119 $1 ,864 $107 $216,130 $210 $4,023 $216 $1 ,065 $456 $1,070 $2,901 $15 $1,568 $513 $9 $48,774 $7,747 $70 $1,823 $130 $961 $267 $38 $192 $517 $233 $2 $15 $5,566 $450 Page 4of12 K Total Chg 2003-04 $8,675 $798 $1,486 $275 $577 $341 $801 $417 $3,012 $755 $153,210 $76,222 $6,163 $4,250 $3,554 $577,449 $760 $22,404 $2,683 $5,406 $924 $6,321 $13,533 $200 $3,211 $1,606 $25 $84,022 $26, 152 $198 $5,785 $487 $5,231 $747 $1, 164 $5,002 $8,084 $3,823 $109 $40 $16,483 $1,397 ' L Total Increase $1,094 $120 $250 $42 $96 $58 $136 $70 $456 $107 $27,648 $13,885 $838 $795 $394 $97,658 $104 $3,902 $478 $806 $153 $916 $2,113 $27 $535 $267 $4 $15,961 $4,784 $33 $801 $67 $660 $126 $144 $561 $923 $456 $12 $6 $2,996 $223 alphabetical 5/6/2003 COf\llPANY NAME EXCELLO CIRCUITS MANUFACTURING CORP. EXPO DYEING AND FINISHING INC. EXQUISITE DESIGNS INC. FM H INVESTORS GROUP FABRICATION CONCEPTS CORPORATION FAIRCHILD FASTENERS FAIRVIEW STATE HOSPITAL FINELINE CIRCUITS & TECHNOLOGY INC. FOAMEX LP FROZSUN FOODS, INC. FULLERTON CULTURED SPECIAL TIES FULLERTON FOODS-OSCAR MAYER FOODS CO FULLERTON PLATING FUTURE TECHNOLOGY g; GALLADE CHEMICAL INC. ~ GARDNER LITHOGRAPH, INC. ""C GARG-OIL PRODUCTION LLC ~ GEMINI INDUSTRIES INC. ~ GENERAL CONTAINER CORPORATION ._. GENERAL ELECTRIC INTERNATIONAL INC. GEORGE A. JONES, IMPERIAL #2 WELL GEORGIA PACIFIC CORPORATION GERARD TILE GOGLANIAN BAKERIES GOLDENWEST LAUNDRY & VALET SERVICES INC GOMTECH ELECTRONICS GOODWIN COMPANY GRANDE TORTILLA INC. GRANT PISTON RINGS DIV. OF FRON GRAPHIC PACKAGING CORP. GUNTHER ATHLETIC SERVICE H. KOCH & SONS COMPANY H.B. OIL OPERATIONS TRUST HAMILTON MATERIALS HANSON-LORAN CO , INC. HARBOR TRUCK BODIES INC. HARTE-HANKS SHOPPERS HARTWELL CORPORATION HAWK INDUSTRIAL UNIFORM HEALTH CARE APPAREL SERVICES HIGH TECH COATINGS, INC. SF HIGH-TECH COATINGS, INC. A Total Volume MG 3.9767 102.0456 0 3086 1 2105 6.2406 8.1900 44.5279 0.8123 1.1950 2.5021 26.8560 6.8181 8.5731 5.6915 1.3717 1.3430 3.5659 5.2064 0.4397 0.8276 1.5136 7.0132 3.3057 6.5012 4.7161 0.0163 8.1710 2.1065 0.6016 0.9828 1.7949 1.4306 0.6317 1.6075 0.0260 0.7093 7.2631 2.3366 3.4274 15.5639 0.3259 0.2154 B Total BOD lbs 1,664 203,487 27 1, 101 8,66·6 17,076 126,635 1,43·8 2,364 16,095 779,440 9,16·0 7 3 2,420 29'9 68·5 0 3,29:4 82'9 628 341 145,78·6 4, 10>8 42,955 489 3,4 90,62'6 44,602 1,249 2,047 1,317 587 674 2,92'.3 5o4 1,375 29,797 4,06 7 21,353 33,355 966 4B4 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 465 41,549 27 1,039 7.193 17,076 98,782 334 2,394 6,209 189,625 9,160 4,488 4,677 1,013 685 0 97,527 739 628 555 4,139 45,503 33,546 489 34 13,532 19, 111 1,246 2,048 1,329 587 555 5,535 54 1,286 9,312 3,269 4,577 21,860 346 189 D Vol Chg 2002-3 $282.92 $1,126 $28,871 $87 $342 $1 ,766 $2,317 $12,598 $230 $338 $708 $7,596 $1 ,929 $2,426 $1 ,610 $388 $380 $1,015 $1,473 $124 $234 $428 $1 ,984 $935 $1 ,839 $1,334 $5 $2,312 $596 $170 $276 $506 $405 $235 $455 $7 $201 $2,055 $661 $970 $4,403 $92 $61 E BOD Chg 2002-3 $190.65 $321 $36,795 $5 $210 $1 ,652 $3,256 $24, 143 $274 $455 $3,068 $146,600 $1,746 $14 $461 $57 $131 $0 $628 $158 $120 $65 $27,794 $783 $8,189 $93 $6 $17,278 $8,503 $238 $390 $251 $112 $167 $557 $10 $262 $5,681 $775 $4,071 $6,359 $184 $92 F TSS Chg 2002-3 $184.55 $66 $7,668 $5 $192 $1,326 $3, 151 $18,230 $62 $442 $1, 146 $34,995 $1,691 $628 $863 $167 $126 $0 $17,999 $136 $116 $103 $764 $8,398 $6,191 $90 $6 $2,497 $3,527 $230 $376 $245 $108 $102 $1,021 $10 $237 $1,718 $603 $845 $4,034 $64 $35 G:\excel.dtalfin\21 Dlstreedlold cl copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $1 ,533 $75,333 $97 $744 $4,745 $8,724 $54,971 $565 $1,234 $4,922 $191 ,194 $5,366 $3,266 $2,935 $632 $637 $1,015 $20,100 $419 $470 $596 $30,542 $10,116 $16,220 $1,518 $17 $22,087 $12,626 $638 $1,046 $1,004 $625 $504 $2,034 $28 $700 $9,454 $2,040 $5,885 $14,797 $340 $186 H Vol Chg 2003-04 $316.38 $1 ,259 $32,265 $98 $383 $1,974 $2,591 $14,088 $257 $376 $792 $8,497 $2, 157 $2,712 $1,801 $434 $425 $1.135 $1,647 $139 $262 $479 $2,219 $1 ,046 $2,057 $1,492 $5 $2,585 $666 $190 $311 $566 $453 $263 $509 $8 $224 $2,298 $739 $1,084 $4,924 $103 $68 BOD Chg 2003-04 $233.00 $392 $47,413 $6 $257 $2,019 $3,979 $29,506 $335 $555 $3,750 $181,610 $2,134 J TSS Chg 2003-04 $230.14 $107 $9,562 $6 $239 $1,655 $3,930 $22,734 $77 $551 $1,429 $43,640 $2,108 $17 $1 ,033 $564 $1,076 $70 $233 $159 $158 $0 $0 $768 $22,445 $193 $170 $146 $144 $79 $128 $33,968 $952 $957 $10,472 $10,008 $114 $8 $21,116 $10,392 $291 $477 $307 $137 $204 $681 $13 $320 $6,943 $948 $4,975 $7,772 $225 $113 $7,720 $112 $8 $3, 114 $4,398 $287 $471 $306 $135 $128 $1 ,274 $12 $296 $2,143 $752 $1 ,053 $5,031 $80 $44 Page 5of12 K Total Chg 2003-04 $1,758 $89,260 $110 $879 $5,649 $1 0,500 $66,327 $669 $1,484 $5,971 $233,747 $6,400 $3,762 $3,441 $737 $742 $1 ,135 $24,860 $502 $553 $686 $37, 140 $12,475 $19,786 $1 ,718 $21 $26,815 $15,457 $768 $1,259 $1,181 $724 $594 $2,464 $33 $841 $11,383 $2,439 $7,113 $17,727 $408 •$225 L Total Increase $226 $13,926 $13 $135 $904 $1,776 $11,356 $103 $250 $1,048 $42,553 $1,034 $495 $506 $105 $105 $120 $4,760 $64 $83 $90 $6,597 $2,359 $3,566 $201 $4 $4,728 $2,831 $130 $213 $176 $99 $90 $430 $6 $141 $1,929 $399 $1,228 $2,930 $68 $36 alphabetical 5/6/2003 COMPANY NAME HIGHTOWER PLATING & MANUFACTURING CO. HI-TECH STENCILS HIXSON METAL FINISHING HOAG MEMORIAL HOSPITAL PRESBYTERIAN HOAG MEMORIAL HOSPITAL PRESBYTERIAN HOANG CLEANERS HOUSE FOODS AMERICA CORPORATION HUNTINGTON GARDENS CENTER HYATT DIE CASTING & ENGINEERING CORP. IC N BIOMEDICALS, INC. I C N PHARMACEUTICALS INC I P C CAL FLEX INC. I TT JABSCO PRODUCTS IDEAL ANODIZING INC. IDEAL UNIFORM RENTAL SERVICE IMPERIAL CONTAINERS & DISPLAY INC. IMPERIAL PLATING INDEPENDENT FORGE INTEC PRODUCTS INC. INTEGRATED AEROSPACE, INC. INTERCEM CORPORATION IRVINE SENSORS CORP. ITT CANNON, A DIVISION OF ITT INDUSTRIES J & H DEBURRING INC. #2 J KL MANUFACTURING INC. #2 J.R. & D INC. JEFFERSON SMURFIT CORPORATION (U.S.) JELLCO CONTAINER INC. JOHN A. THOMAS JOHNSON CONTROLS BATTERY INC JOINT FORCES TRAINING BASE.LOS ALAMITOS JONATHAN MANUFACTURING CORP. J-TRON INC. KC A ELECTRONICS INC. KC A ELECTRONICS, INC. K J ENTERPRISES, LLC K SOLDERING, INC. DBA QUALITY SOLDERING K U A TEXTILES INC. KENLEN SPECIALITIES INC. KIMBERLY-CLARK WORLDWIDE, INC. KINSBURSKY BROTHERS SUPPLY INC. KIRKHILL RUBBER CO (SOUTH) A Total Volume MG 2.6995 0.0278 16.4457 18.2500 0.1994 0.6147 64.3995 0.1840 2.3278 2.3262 8.1930 0.2756 0.7813 6 7268 7.7102 0.3601 0.6530 0.3000 5.6341 4.0871 1.0544 0.2822 63.6795 0.1690 0.1404 2.3661 8.3453 0.4160 19.3814 12 0868 37.5063 3.5390 0.2781 49.2322 0.1560 0.0180 0.4067 11.6955 0.5690 414.1119 0.9982 4.7765 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees B Total BOD lbs 117 50• 1,032' 38,051 416' 0 831,855 0 7,857 407 5,082 575 1,629 1,163 17,632 707 12 626 319 3,401• 3,797 263 17,771 352 143 10,869 34,769 867 155,499 4,21 5 31 ,61 8 10,291 628 c Total TSS lbs 1,462 51 2,894 38,051 416 0 299,406 0 2,164 407 5,082 575 1,629 21 ,247 12,092 934 61 626 8,547 3,401 1,801 263 14,417 352 37 8,604 8, 161 867 11 ,477 4,562 35,754 5,000 198 15,81 5 13,489 325 325 0 0 139 113 40,602 66,074 410 420 185,73'8 391,097 94:8 1,032 9,4910 9,380 D Vol Chg 2002-3 $282.92 $764 $8 $4,653 $5,163 $56 $174 $18,220 $52 $659 $658 $2,318 $78 $221 $1 ,903 $2,181 $102 $185 $85 $1,594 $1 , 156 $298 $80 $18,016 $48 $40 $669 $2,361 $118 $5,483 $3,420 $10,611 $1,001 $79 $13,929 $44 $5 $115 $3,309 $161 $117,161 $282 $1,351 E BOD Chg 2002-3 $190.65 $22 $10 $197 $7,254 $79 $0 $158,593 $0 $1,498 $78 $969 $110 $311 $222 $3,361 $135 $2 $119 $61 $648 $724 $50 $3,388 $67 $27 $2,072 $6,629 $165 $29,646 $804 $6,028 $1,962 $120 $3,015 $62 $0 $26 $7,741 $78 $35,411 $181 $1,809 F TSS Chg 2002-3 $184.55 $270 $9 $534 $7,022 $77 $0 $55,255 $0 $399 $75 $938 $106 $301 $3,921 $2,232 $172 $11 $115 $1,577 $628 $332 $48 $2,661 $65 $7 $1,588 $1,506 $160 $2, 118 $842 $6,598 $923 $37 $2,489 $60 $0 $21 $12,194 $77 $72, 177 $191 $1,731 G Total Chg 2002-3 $1,056 $27 $5,384 $19,440 $212 $174 $232,068 $52 $2,556 $811 $4,225 $294 $832 $6,046 $7,775 $409 $198 $320 $3,232 $2,432 $1,355 $178 $24,065 $180 $74 $4,329 $10,496 $443 $37,247 $5,065 $23,238 $3,886 $235 $19,433 $166 $5 $1 62 $23,244 $31 7 $224,749 $654 $4,892 H Vol Chg 2003-04 $316.38 $854 $9 $5,203 $5,774 $63 $194 $20,375 $58 $736 $736 $2,592 $87 $247 $2, 128 $2,439 $114 $207 $95 $1,783 $1 ,293 $334 $89 $20, 147 $53 $44 $749 $2,640 $132 $6, 132 $3,824 $11,866 $1,120 $88 $15,576 $49 $6 $129 $3,700 $180 $131,017 $316 $1,511 J BOD Chg TSS Chg 2003-04 $233.00 $27 $12 $240 $8,866 $97 $0 $193,822 $0 $1 ,831 $95 $1 ,184 $134 $380 $271 $4,108 $165 $3 $146 $74 $792 $885 $61 $4,141 $82 $33 $2,532 $8, 101 $202 $36,231 $982 $7,367 $2,398 $146 $3,685 $76 $0 $32 $9,460 $96 $43,277 $221 $2,211 2003-04 $230.14 $336 $12 $666 $8,757 $96 $0 $68,905 $0 $498 $94 $1, 170 $132 $375 $4,890 $2,783 $215 $14 $144 $1,967 $783 $414 $60 $3,318 $81 $8 $1 ,980 $1,878 $200 $2,641 $1,050 $8,228 $1,151 $46 $3,104 $75 $0 $26 $15,206 $97 $90,007 $238 $2, 159 Page 6of12 K Total Chg 2003-04 $1,218 $32 $6, 110 $23,397 $256 $194 $283, 102 $58 $3,065 $924 $4,946 $353 $1,002 $7,289 $9,331 $494 $223 $385 $3,824 $2,868 $1,633 $211 $27,605 $217 $86 $5,261 $12,620 $533 $45,004 $5,856 $27,462 $4,668 $280 $22,366 $200 $6 $187 $28,367 $372 $264,301 $774 $5,881 L Total Increase $162 $5 $726 $3,957 $43 $21 $51 ,034 $6 $509 $114 $721 $60 $169 $1 ,243 $1,556 $85 $25 $65 $592 $436 $278 $33 $3,541 $37 $12 $932 $2,124 $90 $7,757 $791 $4,224 $782 $45 $2,932 $34 $1 $25 $5,123 $56 $39,552 $121 $989 5/6/2003 COMPANY NAME KNOTT'S BERRY FARM FOODS KODAK PROCESSING LABS KRYLER CORPORATION L & N UNIFORM SUPPLY CO. INC.(WAREHOUSE) L & N UNIFORM SUPPLY COMPANY,INC.(CLEAN) LA HABRA PLATING CO. INC. LA PALMA INTERCOMMUNITY HOSPITAL LACEY CUSTOM LINENS LAM LIGHTING INC. LAM-PLATE TECH INC. LEACH INTERNATIONAL LINGO INDUSTRIES INC. LINDBERG HEAT TREATING CO.-ALUMATHERM LINFINITY MICROELECTRONICS INC. LOGI GRAPHICS, INC. LOS ALAMITOS ECONO-WASH LOS ALAMITOS GENERAL HOSPITAL LOS ANGELES TIMES COMMUNICATIONS LLC M C P FOODS INC. M TS MICROELECTRONICS INC. M.S. BELLOWS MAGNETIC METALS CORPORATION MARCEL ELECTRONICS INT. MARGARETIS TEXTILE SERVICE MARK OPTICS INC. MARKLAND MANUFACTURING, INC. MARUCHAN, INC. MASK TECHNOLOGY INC. MCCURDY CIRCUITS, INC. MEAD PACKAGING MEDEVA PHARMACEUTICALS CA, INC. MEDTRONIC HEART VALVES, INC. MICRO SEMI CORP. MICROMETALS INC. #2 MILBANK WEST INC. MILLETT INDUSTRIES MONARCH PRECISION DEBURRING COMPANY MONOGRAM SYSTEMS MORAVEK BIOCHEMICALS INC. MORTON INTERNATIONAL MUL Tl-FINELi NE ELECTRONIX INC. MUNOZ COIN LAUNDRY A Total Volume MG 17.7805 0.8625 3.2167 5.4639 1.0595 1.8453 14.8976 1.0565 0.6796 0.1378 2.4050 0.9672 0.7524 19.5700 0,6583 2.0842 6 8438 10.4097 21.3997 0.0855 0.1895 1.5807 24.5656 22.3527 0.3432 5.2878 14.1720 1.6123 14.4135 2.1577 1 0737 3.7900 32.1131 7.6480 1.8327 0.9839 1.4173 5.7550 0.3247 3.5609 20.3149 0.1375 B Total BOD lbs 968,676 1,798 338 5,539 3,053 81 31 ,061 952 1,254 53 7CJ7 9'3 1,425 2,842 29<5 0 14,26·9 91,45-1 1,369,649 178 531 5,849 5,942 22,58·0 435 2,520 155,49'6 3,287 12,65-8 8,319 864 6,39'6 17,19·5 69,632 2,525 1,643 217 5,841 19'6 1,965 24,556 10 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 52, 128 1,798 336 3,693 3,736 81 31,061 426 1,214 53 1,860 2,803 1,406 2,206 179 0 14,269 10,557 25,316 178 265 1,451 3,427 37,986 1, 139 2,520 27,279 2,296 16,519 4,729 606 7,692 14,538 4,779 2,321 616 217 6,407 196 2,118 21,665 0 D Vol Chg 2002-3 $282.92 $5,030 $244 $910 $1,546 $300 $522 $4,215 $299 $192 $39 $680 $274 $213 $5,537 $186 $590 $1,936 $2,945 $6,054 $24 $54 $447 $6,950 $6,324 $97 $1,496 $4,010 $456 $4,078 $610 $304 $1,072 $9,085 $2,164 $519 $278 $401 $1,628 $92 $1,007 $5,747 $39 E BOD Chg 2002-3 $190.65 $184,678 $343 $64 $1,056 $582 $16 $5,922 $181 $239 $10 $135 $18 $272 $542 $56 $0 $2,720 $17,435 $261,124 $34 $101 $1,115 $1,133 $4,305 $83 $460 $29,645 $627 $2,451 $1,586 $165 $1,601 $3,278 $13,275 $481 $313 $41 $1,114 $37 $375 $4,682 $0 F TSS Chg 2002-3 $184.55 $9,620 $332 $62 $681 $690 $15 $5,732 $79 $224 $10 $343 $517 $260 $407 $33 $0 $2,633 $1,948 $4,672 $33 $49 $268 $632 $7,010 $210 $465 $5,034 $424 $3,049 $873 $112 $1,420 $2,683 $882 $428 $114 $40 $1,182 $36 $391 $3,998 $0 G:lexcel.dlalfin\210\streedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $199,329 $919 $1,037 $3,283 $1,571 $553 $15,869 $559 $655 $59 $1,158 $809 $744 $6,486 $275 $590 $7,290 $22,329 $271 ,850 $91 $204 $1,830 $8,715 $17,639 $390 $2,442 $38,689 $1,507 $9,578 $3,069 $580 $4,093 $15,047 $16,321 $1,428 $705 $482 $3,924 $165 $1,773 $14,427 $39 H Vol Chg 2003-04 $316.38 $5,625 $273 $1,018 $1,729 $335 $584 $4,713 $334 $215 $44 $761 $306 $236 $6,192 $208 $659 $2, 165 $3,293 $6,770 $27 $60 $500 $7,772 $7,072 $109 $1,673 $4,484 $510 $4,560 $683 $340 $1,199 $10, 160 $2,420 $560 $311 $448 $1,821 $103 $1,127 $6,427 $44 BOD Chg 2003-04 $233.00 $225,701 $419 $79 $1 ,291 $711 $19 $7,237 $222 $292 $12 $165 $22 $332 $662 $69 $0 $3,325 $21 ,308 $319, 128 $42 $124 $1,363 $1,384 $5,261 $101 $587 $36,231 $766 $2,996 $1,938 $201 $1,956 $4,006 $16,224 $586 $383 $51 $1,361 $46 $458 $5,722 $0 J TSS Chg 2003-04 $230.14 $11,997 $414 $76 $850 $860 $19 $7, 148 $98 $279 $12 $428 $645 $324 $508 $41 $0 $3,284 $2,430 $5,826 $41 $61 $334 $789 $8,742 $262 $580 $6,276 $526 $3,802 $1,068 $140 $1,770 $3,346 $1,100 $534 $142 $50 $1,475 $45 $487 $4,986 $0 Page 7of12 K Total Chg 2003-04 $243,324 $1, 106 $1,174 $3,869 $1,906 $621 $19,099 $654 $786 $68 $1,354 $973 $894 $7,361 $316 $659 $6,774 $27,031 $331,725 $110 $245 $2,197 $9,945 $21,075 $472 $2,840 $46,992 $1,604 $11,356 $3,709 $681 $4,926 $17,512 $19,744 $1,702 $636 $549 $4,656 $193 $2,072 $17, 135 '$44 L Total Increase $43,995 $167 $137 $586 $335 $69 $3,230 $95 $131 $9 $195 $164 $150 $876 $43 $70 $1,484 $4,703 $59,875 $19 $41 $367 $1,230 $3,436 $82 $399 $6,303 $298 $1,780 $640 $100 $633 $2,465 $3,423 $274 $131 $66 $732 $26 $299 $2,707 $5 alphabetical 5/6/2003 COMPANY NAME MURRIETIA CIRCUITS INC. NELCO PRODUCTS, INC. NEVILLE CHEMICAL COMPANY NEWPORT CORPORATION NEWPORT METAL FINISHING INC. NEWPORT PRECISION OPTICS CORP. NOLLAC OIL COMPANY NOR-CAL BEVERAGE CO. INC. (MAIN) NOR-CAL BEVERAGE CO INC. (TETRA) NUEVO ENERGY COMPANY (BREA) NUEVO ENERGY COMPANY (H.B.) NU-TEC POWDER COATING 0 C B REPROGRAPHICS O'DONNELL OIL COMPANY OLIVE OIL CO. OLYMPIC POWDER COATINGS INC. OMNI METAL FINISHING, INC. ORANGE CONTAINER, INC. ORANGE COUNTY METAL PROCESSING ORANGE COUNTY PLATING CO, INC ORANGE COUNTY REGISTER ORANGE RESOURCE RECOVERY SYSTEMS PC A METAL FINISHING, INC. P C E INDUSTRY, INC. PT C INDUSTRIES, INC. PACIFIC IMAGE TECHNOLOGY, INC. PACIFIC QUARTZ, INC PACIFIC UTILITY PRODUCTS INC. PACKARD-HUGHES INTERCONNECT SYSTEMS PANEL CONCEPTS INC. PAYTON TECHNOLOGY CORP PEPSI-COLA BOTILING GROUP PERFORMANCE POWDER, INC PETROPRIZE PICOFARAD INC. PIER OIL COMPANY PILKINGTON AEROSPACE PIONEER CIRCUITS PLACENTIA LINDA COMMUNITY HOSPITAL PLATECORP #2, INC. PLEGEL OIL COMPANY (BLATINER -A.HA) PLEION CORPORATION #2 A Total Volume MG 3.2471 14.7821 2.7022 5 5577 1.2127 0.7966 1.7580 29.4730 76.2985 0.1027 0.2864 0.0780 1.6250 0.4631 0.1207 1.5126 6.6953 0 7307 20.5521 4 2196 14.9712 0.4718 4.9676 1.0332 0.4004 0.0703 1.6697 0.6225 31 .6408 4.5220 0.8051 27.7684 0.8223 0.1966 0.9541 0.6124 6.9638 9.5534 9.5650 7.6584 2.4323 3.5065 B Total BOD lbs 1,701 5,459 2,002 4,767 1,063 996 88 882,895 864,612 214 264 163 3,388 0 76 945 1,206 1,246 596 1,2215 56,755 6,060 2,166 613 642 93 2,225 358 10,711 2,607 1,56>4 313,39'0 519 0 1,047 0 6,03°5 4,79'5 19,943 2,534 203 2,373 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 3,156 5,459 818 3,988 1,134 1,054 279 100, 176 83,355 214 302 163 3,388 0 76 915 1,838 1,946 76,655 1,71 0 30,986 2,487 2,304 2,109 444 93 5,662 354 6,746 3,586 1,568 52,055 41 5 0 i.657 0 76, 149 3,238 19,943 2,948 223 2,973 D Vol Chg 2002-3 $282.92 $919 $4,182 $765 $1,572 $343 $225 $497 $8,339 $21 ,586 $29 $81 $22 $460 $131 $34 $428 $1,894 $207 $5,615 $1,194 $4,236 $133 $1,405 $292 $113 $20 $472 $176 $6,952 $1 ,279 $228 $7,656 $233 $56 $270 $173 $1,970 $2,703 $2,706 $2,167 $686 $992 E BOD Chg 2002-3 $190.65 $324 $1,041 $362 $909 $203 $190 $17 $168,324 $164,636 $41 $54 $31 $646 $0 $15 $160 $230 $238 $114 $235 $10,820 $1, 155 $413 $117 $122 $18 $424 $68 $2,042 $497 $298 $59,748 $99 $0 $200 $0 $1, 151 $914 $3,802 $463 $39 $452 F TSS Chg 2002-3 $184.55 $582 $1,007 $151 $736 $209 $194 $51 $18,468 $15,383 $40 $56 $30 $625 $0 $14 $169 $339 $359 $14, 147 $316 $5,718 $459 $425 $389 $82 $17 $1,045 $65 $1,245 $662 $289 $9,607 $77 $0 $306 $0 $14,053 $598 $3,680 $544 $41 $549 G:lexcel.dta\fin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $1,825 $6,230 $1,297 $3,217 $755 $610 $566 $195,150 $201,808 $109 $191 $83 $1 ,731 $131 $63 $777 $2,463 $803 $20,075 $1,7l\5 $20,775 $1 ,748 $2,244 $798 $318 $55 $1,941 $310 $1 2,239 $2,438 $81 5 $77,211 $408 $56 $775 $173 $17, 174 $4,215 $10, 189 $3,194 $768 $1,993 H Vol Chg 2003-04 $316.38 $1,027 $4,677 $855 $1,758 $384 $252 $556 $9,325 $24,139 $32 $91 $25 $514 $147 $38 $479 $2, 116 $231 $6,502 $1,335 $4,737 $149 $1,572 $327 $127 $22 $528 $197 $10,011 $1,431 $255 $8,785 $260 $62 $302 $194 $2,203 $3,023 $3,026 $2,423 $770 $1,109 BOD Chg 2003-04 $233.00 $396 $1,272 $466 $1, 111 $248 $232 $20 $205,714 $201,455 $50 $66 $38 $789 $0 $18 $220 $281 $290 $139 $288 $13,224 $1.412 $505 $143 $150 $22 $518 $83 $2,496 $607 $364 $73,020 $121 $0 $244 $0 $1,406 $1,117 $4,647 $590 $47 $553 J TSSChg 2003-04 $230.14 $726 $1,256 $188 $918 $261 $243 $64 $23,055 $19,183 $49 $70 $37 $780 $0 $18 $211 $423 $446 $17,641 $393 $7, 131 $572 $530 $485 $102 $21 $1,303 $81 $1,553 $825 $361 $11 ,980 $96 $0 $381 $0 $17,525 $745 $4,590 $679 $51 $684 Page 8of12 K Total Chg 2003-04 $2,150 $7,205 $1 ,510 $3,787 $892 $727 $641 $238,094 $244,777 $132 $226 $1 00 $2,083 $147 $73 $909 $2,822 $969 $24,283 $2,016 $25,092 $2,133 $2,607 $955 $379 $65 $2,350 $362 $14,059 $2,863 $960 $93,785 $477 $62 $927 $194 $21 ,134 $4,865 $1 2,263 S3,692 $868 $2,347 L Total Increase $325 $975 $213 $570 $137 $117 $75 $42,944 $42,969 $22 $35 $17 $352 $15 $11 $132 $359 $166 $4,208 $271 $4,317 $386 $363 $157 $61 $11 $408 $52 $1,820 $425 $165 $16,574 $68 $7 $152 $20 $3,960 $670 $2,074 $498 $100 $353 alphabetical 5/6/2003 COMPANY NAME POWDERCOAT SERVICES INC #1 POWDERCOAT SERVICES INC. #2 POWDERCOAT SERVICES INC. #3 POWDERCOAT SERVICES INC. #4 POWER CIRCUITS, INC. PRECIOUS METALS PLATING PRECISION ANODIZING AND PLATING INC. PRECISION CIRCUITS WEST INC. PRECISION PAINTING PRECISION POWDERCOATING INC. PRECISION RESOURCE, CALIFORNIA DIVISION PRECON, INC. PRIMATEX INDUSTRIES OF CA INC PRIME TECHNOLOGIES, INC PRINTRONIX, INC. PRO-TECH PRUDENTIAL OVERALL SUPPLY PURE-CHEM PRODUCTS COMPANY INC. QUALITY ALUMINUM FORGE R BC TRANSPORT DYNAMICS CORP. R T I ELECTRONICS, INC. RAILMAKERS, INC. RAINBOW DISPOSAL CO., INC. RALPHS GROCERY COMPANY (BAKERY) RAYNE WATER SYSTEMS REID METAL FINISHING RENAL RESEARCH INSTITUTE, LLC REVERE TRANSDUCERS, INC. RICOH ELECTRONICS #2 RICOH ELECTRONICS INC. RIGIFLEX TECHNOLOGY INC. ROCK INDUSTRIES, INC. ROTO-DIE COMPANY INC. ROYAL TY CARPET MILLS INC. S & COIL CORPORATION S & S POLISHING/PLATING S DC CIRCUITS SF PP, LP. S M T DYNAMICS LLC S P S TECHNOLOGIES S.B. THOMAS INC. SABA TEXTILES INC. A Total Volume MG 0.1462 0.1316 0.6253 0.5310 32.4458 0.5944 24.7056 1.0045 0 8738 0 2503 4.3735 0 3773 15.8706 3.7436 2.8432 2.8454 6.2688 0.0355 0.7280 2.1675 0.6777 0,0975 1.4976 1.7875 3.8155 1.4669 0.1170 2.4990 3.5439 3.2640 0.8303 0.4399 0.1941 147.4230 0 0255 17.6328 1.6568 0.0546 1 6886 11.3623 2.1303 145.5385 B Total BOD lbs 279 274 214 299 53,598 160 1,669 246 830 569 7,575 1,016 6,600 2,769 3,665 4,413 21,555 73 1,361 2,956 1,410 203 3,12'.2 3,727 23i0 1,31!-1 244 3,4015 10,8017 3, 111 35·2 1,09<4 20•3 446,773 0 55,4 1,141 114 3,413 8,73"6 30, 166 185,03i8 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 280 274 270 458 j 1,921 190 122,259 248 1,002 226 4,238 421 15,302 964 3,375 3,471 10,820 73 1,391 4,021 1,409 203 3,122 3,727 1,219 547 244 2.648 5,910 2,384 265 320 203 60,378 0 40,240 364 114 3,402 6,845 38,606 203, 162 D Vol Chg 2002-3 $282.92 $41 $37 $177 $150 $9,180 $168 $6,990 $284 $247 $71 $1,237 $107 $4,490 $1,059 $804 $605 $1,774 $10 $206 $613 $192 $26 $424 $506 $1,079 $415 $33 $707 $1,003 $923 $235 $124 $55 $41,709 $7 $4,969 $469 $16 $476 $3,215 $603 $41,176 E BOD Chg 2002-3 $190.65 $53 $52 $41 $57 $10,219 $30 $322 $47 $158 $109 $1,444 $194 $1,296 $528 $737 $841 $4,109 $14 $259 $564 $269 $39 $595 $711 $44 $263 $47 $649 $2,060 $593 $67 $209 $39 $65, 177 $0 $107 $216 $22 $651 $1,665 $5,751 $35,276 F TSS Chg 2002-3 $164.55 $52 $51 $50 $65 $2,200 $35 $22,563 $46 $165 $42 $782 $76 $2,624 $162 $623 $641 $1,997 $14 $257 $742 $260 $36 $576 $666 $225 $101 $45 $469 $1,091 $440 $49 $59 $38 $11,143 $0 $7,426 $67 $21 $628 $1,263 $7,125 $37,494 G:lexcel.dtalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR xis G Total Chg 2002-3 $146 $140 $267 $292 $21 ,598 $234 $29,875 $377 $590 $221 $3,464 $378 $8,610 $1,769 $2,1 64 $2,287 $7,880 $38 $722 $1,919 $721 $104 $1,595 $1,904 $1,346 $779 $125 $1 .845 $4.154 $1 ,956 $351 $392 $131 $138,029 $7 $12,522 $754 $58 $1,756 $6,143 $13,479 $113,947 H Vol Chg 2003-04 $316.36 $46 $42 $198 $168 $10,265 $188 $7,616 $316 $276 $79 $1,384 $119 $5,021 $1,184 $900 $900 $1,963 $11 $230 $666 $214 $31 $474 $566 $1,207 $464 $37 $791 $1,121 $1,033 $263 $139 $61 $46,642 $6 $5,579 $525 $17 $534 $3,595 $674 $46,045 BOD Chg 2003-04 $233.00 $65 $64 $50 $70 $12,488 $37 $394 $56 $193 $133 $1,765 $237 $1,584 $645 $901 $1,028 $5,022 $17 $317 $669 $326 $47 $726 $868 $54 $322 $57 $793 $2,518 $725 $62 $255 $47 $104,098 $0 $131 $266 $27 $795 $2,035 $7,029 $43, 114 J TSS Chg 2003-04 $230.14 $64 $63 $62 $105 $2,744 $44 $28,137 $57 $231 $52 $975 $97 $3,522 $226 $777 $799 $2,490 $17 $320 $925 $324 $47 $719 $856 $261 $126 $56 $609 $1,360 $549 $61 $74 $47 $13,895 $0 $9,261 $84 $26 $783 $1,575 $6,665 $46,756 Page 9of12 K Total Chg 2003-04 $176 $169 $310 $343 $25,497 $269 $36,347 $433 $700 $264 $4, 124 $453 $10,127 $2,056 $2,577 $2,727 $9,496 $45 $668 $2,300 $867 $125 $1,920 $2,292 $1,541 $912 $150 $2, 193 $4,999 $2,306 $406 $468 $156 $164,635 $8 $14,971 $875 $70 $2,112 $7,206 $16,588 $135,915 L Total Increase $29 $29 $42 $51 $3,899 $35 $6,472 $55 $110 $43 $660 $75 $1,517 $287 $413 $440 $1,616 $8 $145 $361 $147 $21 $325 $368 $193 $132 $25 $349 $646 $350 $55 $76 $24 $26,606 $1 $2,446 $120 $12 $356 $1,062 $3,109 $21,968 alphabetical 5/6/2003 COMPANY NAME SANMINA CORPORATION SANMINA CORPORATION SANMINA CORPORATION (AIRWAY) SANMINA CORPORATION (REDHILL) SANTA ANA PLATING SANTANA SERVICES SCIENTIFIC SPRAY FINISHES, INC. SCISOREK & SON FLAVORS, INC SECHRIST INDUSTRIES, INC. SELECT CIRCUITS SEMICOA SEMICONDUCTORS SEVEN-UP BOTTLING COMPANY SHEPARD BROTHERS INC. SHERWIN 0 . YOELIN SHIPLEY COMPANY LLC SIERRA SPRING WATER COMPANY SIGNAL ASSOCIATES SIOUX HONEY ASSOCIATION CO-OP SOLDER STATION ONE INC. -EAST SOLDER STATION ONE INC. -WEST SOLDERMASK, INC. SOUTH BAY CHROME SALES/CHROME EFFECTS SOUTH COAST CIRCUITS #2 SOUTH COAST CIRCUITS #3 SOUTH COAST CIRCUITS, INC SOUTH COAST OIL COMPANY SOUTH COAST OIL CORPORATION SOUTH COAST WATER SOUTHERN CALIFORNIA EDISON SPEEDY CIRCUITS, FACILITY #2 SPIVECO, INC. ST. JOSEPH HOSPITAL ST. JUDE MEDICAL CENTER STAINLESS MICRO-POLISH INC. STAR POWDER COATING STATEK CORPORATION STEELCASE INC. STEINER CORP. OBA AMERICAN LINEN SUPPLY STEPAN COMPANY STEVENS METAL FINISHING, INC. STREMICKS HERITAGE FOODS LLC STRIP CLEAN COMPANY A Total Volume MG 60.5113 2.0469 0.5200 0.5200 6.4546 0.4684 1.7541 1.0082 0.6640 1.2177 1 3688 17.5293 1.2227 0.2114 0.2678 0.1170 0.0615 2,3434 2.7311 9.1414 0.6405 2.1373 2.1332 0 3250 2.4427 0 5116 1.7892 0 1014 4.6771 4.7617 0.3017 60.0946 12.7750 1.9255 0.0198 3.5812 45.4082 21.6210 5.1964 4.8049 80.2433 0.5621 B Total BOD lbs 70,403 109 1,084 1,084 2,000 34 2,396 332,976 1,354 190 1,471 347,961 78,176 19 558 244 0 217,634 898 5,026 509 688 977 678 1,707 98 0 2~1 7,089 3,485 868 125,297 26,636 551 17 15,812 13,934 104,004 373,396 845 1,493,459 59 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 13,678 392 1,084 1,084 1,605 275 1,162 28,463 1,380 190 1,426 29,241 5,656 19 558 244 0 2,068 143 4,512 429 688 3,296 678 1,547 277 0 211 6,463 946 299 125,297 26,636 508 12 5,051 21,483 20,470 609 2,475 467,928 12 D Vol Chg 2002-3 $282.92 $17,120 $579 $147 $147 $1,826 $133 $496 $285 $188 $345 $387 $4,959 $346 $60 $76 $33 $17 $663 $773 $2,586 $181 $605 $604 $92 $691 $145 $506 $29 $1,323 $1,347 $85 $17,002 $3,614 $545 $6 $1 ,013 $12,847 $6,117 $1 ,470 $1,359 $22,702 $159 E BOD Chg 2002-3 $190.65 $13,422 $21 $207 $207 $381 $7 $457 $63,482 $258 $36 $280 $66,339 $14,904 $4 $106 $47 $0 $41,492 $171 $958 $97 $131 $186 $129 $325 $19 $0 $40 $1 ,352 $664 $165 $23,888 $5,078 $105 $3 $3,015 $2,656 $19,828 $71, 188 $161 $284,728 $11 F TSSChg 2002-3 $184.55 $2,524 $72 $200 $200 $296 $51 $214 $5,253 $255 $35 $263 $5,396 $1,044 $4 $103 $45 $0 $382 $26 $833 $79 $127 $608 $125 $285 $51 $0 $39 $1 , 193 $175 $55 $23, 124 $4,916 $94 $2 $932 $3,965 $3,778 $112 $457 $86,356 $2 G:lexcel.dtalfin\21 O\streedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $33,066 $672 $554 $554 $2,504 $190 $1,168 $69,020 $701 $416 $931 $.76,695 $16,294 $67 $285 $125 $17 $42,537 $970 $4,377 $357 $863 $1.396 $346 $1,302 $215 $506 $108 $3,868 $2,186 $306 $64,013 $13,608 $743 $11 $4,960 $1 9,468 $29,723 $72,770 $1,977 $393,786 $172 H Vol Chg 2003-04 $316.38 $19,145 $648 $165 $165 $2,042 $148 $555 $319 $210 $385 $433 $5,546 $387 $67 $85 $37 $19 $741 $864 $2,892 $203 $676 $675 $103 $773 $162 $566 $32 $1,480 $1,507 $95 $19,013 $4,042 $609 $6 $1,133 $14,366 $6,840 $1,644 $1 ,520 $25,387 $178 BOD Chg 2003-04 $233.00 $16,404 $26 $253 $253 $466 $8 $558 $77,583 $315 $44 $343 $81,075 $18,215 $4 $130 $57 $0 $50,709 $209 $1,171 $119 $160 $228 $158 $398 $23 $0 $49 $1,652 $812 $202 $29,194 $6,206 $128 $4 $3,684 $3,247 $24,233 $87,001 $197 $347,976 $14 J TSS Chg 2003-04 $230.14 $3,148 $90 $250 $250 $369 $63 $267 $6,550 $318 $44 $328 $6,730 $1,302 $4 $129 $56 $0 $476 $33 $1,038 $99 $158 $758 $156 $356 $64 $0 $49 $1 ,487 $218 $69 $28,836 $6, 130 $117 $3 $1, 162 $4,944 $4,711 $140 $570 $107,689 $3 Page 10of12 K Total Chg 2003-04 $38,696 $763 $667 $667 $2,ll78 $220 $1,381 $84,453 $843 $473 $1, 104 $93,350 $19,904 $76 $343 $150 $19 $51,926 $1, 106 $5, 101 $420 $995 $1,661 $417 $1 .526 $249 $566 $130 $4,61 9 $2,536 $366 $77,043 $16,378 $854 $13 $5,980 $22,557 $35,784 $88,785 $2,287 $481,052 $194 L Total Increase $5,630 $91 $113 $113 $374 $30 $213 $15,433 $142 $57 $173 $16,656 $3,610 $9 $58 $25 $2 $9,390 $136 $724 $63 $132 $263 $70 $225 $34 $60 $22 $751 $350 $60 $13,029 $2,770 $111 $2 $1,020 $3,089 $6,061 $16,015 $309 $87,266 $22 alphabetical 51612003 COMPANY NAME SUNCLIPSE INC. SUNCLIPSE, INC. (CORRUGATOR PLANT) SUNCLIPSE, INC. OBA CORRU KRAFT II SUNDOR BRANDS INC. A PROCTER & GAMBLE C SUNSET ENVIRONMENTAL, INC. #1 SUNSET ENVIRONMENTAL, INC. #2 SUPERIOR FORGE INC. SUPERIOR PLATING SUPERIOR PROCESSING SVG THERMCO SYSTEMS INC. TRW-LUCAS AEROSPACE, BREA TAC WEST, INC. TAORMINA INDUSTRIES INC. #4 TAYCO ENGINEERING, INC. TAYLOR-DUNN MANUFACTURING COMPANY TECHPLATE ENGINEERING CO. INC. TEXTRON AEROSPACE THERMAL-VAC TECHNOLOGY TIODIZE COMPANY, INC. TODDS ENTERPRISES TOWN & COUNTRY LAUNDRY TOYOTA RACING DEVELOPMENT TRANSLINE TECHNOLOGY INC. TREND OFFSET PRINTING SERVICES INC. TRIM-LOK I R.T.P. TRIPLE A CONTAINERS INC. TRI-STAR ENGINEERED PRODUCTS, INC. TROY SYSTEMS INC. TUSTIN HOSPITAL AND MEDICAL CENTER UOP U.S. DYEING & FINISHING INC. U.W.M.C. HOSPITAL CORPORATION UCI MEDICAL CENTER ULTRA PURE METAL FINISHING, INC. ULTRA WHEEL COMPANY UNION INCORPORATED UNITED CIRCUIT TECHNOLOGY INC. UNITED CUSTOM POLISHING & PLATING UNITED YARNS COMPANY, INC. UNIVERSAL ALLOY CORP. UNIVERSAL CIRCUITS INCORPORATED UNOCAL CORPORATION A Total Volume MG 1.2466 3.7424 5.1310 36.6025 0.5650 2.0560 1.0513 1.3786 0.3279 2.7000 1 6926 10.6171 2.2374 2.0851 1.7050 0.0604 128491 1.2684 2.9349 2.7962 0.2237 1.9884 0.4246 7.5966 3.4401 0.5148 1.7283 0.4900 2. 7183 2.4374 266.5025 9.0171 24.6375 3.7257 7.8670 12.1532 0.7023 0.1444 13.2591 6.3683 16.8751 54.1821 B Total BOD lbs 3,335 41,Z0.8 33,3Hi 1,642,462 1,22•0 1,22'0 672 363 8t6 5,63•0 2,5316 107,21S 2,277 45, 11'9 3,58:5 104 18,742 11'9 488 24,177 0 4,146 150 15,639 1,376 1,069 1,942 980 5,668 24,194 348,583 18,801 51 ,369 471 7.,642 19,855 929 113 37,552 5,216 31,025 6,849 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS ijbs 2,031 91,722 60,701 55,737 1,220 1,220 672 312 93 5,630 2,382 14,944 3,079 1,693 3,551 135 7,623 675 488 11,049 0 4,146 150 15,839 1,376 3,295 632 977 5,668 1,283 183,363 18,801 51,369 1,376 26,610 8,329 521 156 5,487 5,216 7,412 6,849 D Vol Chg 2002-3 $282.92 $353 $1,059 $1,452 $10,412 $166 $582 $297 $390 $93 $764 $479 $3,004 $633 $590 $482 $17 $3,635 $359 $830 $791 $63 $563 $120 $2, 149 $973 $146 $489 $139 $769 $690 $75,399 $2,551 $6,970 $1,054 $2,226 $3,438 $199 $41 $3,751 $1,802 $4,774 $15,329 E BOD Chg 2002-3 $190.65 $636 $7,856 $6,352 $313,135 $233 $233 $128 $69 $16 $1 ,073 $483 $20,441 $434 $8,602 $683 $20 $3,573 $23 $93 $4,609 $0 $790 $29 $3,020 $262 $204 $370 $187 $1 ,081 $4,613 $66,457 $3,584 $9,794 $90 $1,457 $3,785 $177 $21 $7,159 $995 $5,915 $1,306 F TSS Chg 2002-3 $184.55 $375 $16,927 $11,202 $10,286 $225 $225 $124 $56 $17 $1,039 $440 $2,758 $568 $312 $655 $25 $1,407 $125 $90 $2,039 $0 $765 $28 $2,923 $254 $608 $117 $180 $1 ,046 $237 $33,840 $3,470 $9,480 $254 $4,911 $1 ,537 $96 $29 $1 ,013 $963 $1,368 $1,264 G:lexcel.dtalfln\210\streed\ofd d copy\STRATPLN\2003-04 permit users for l'<R xf1 G Total Chg 2002-3 $1,364 $25,842 $19,006 $333,834 $623 $1,040 $550 $517 $126 $2,876 $1,402 $26,203 $1 ,635 $9,504 $1,821 $62 $8,615 $506 $1 ,013 $7,440 $63 $2, 118 $176 $8,092 $1 ,490 $958 $976 $506 $2,896 $5,539 $175,696 $9,605 $26,244 $1,398 $8,594 $8,761 $472 $91 $11,923 $3,759 $12,057 $17,899 H Vol Chg 2003-04 $316.38 $395 $1,184 $1,623 $11,644 $185 $651 $333 $436 $104 $854 $536 $3,359 $708 $660 $539 $19 $4,065 $401 $929 $885 $71 $629 $134 $2,403 $1,088 $163 $547 $155 $860 $771 $84,316 $2,853 $7,795 $1 , 179 $2,489 $3,845 $222 $46 $4,195 $2,015 $5,339 $17,142 BOD Chg 2003-04 $233.00 $777 $9,601 $7,763 $382,694 $284 $284 $157 $85 $20 $1,312 $591 $24,982 $530 $10,513 $835 $24 $4,367 $28 $114 $5,633 $0 $966 $35 $3,690 $321 $249 $452 $228 $1 ,321 $5,637 $81,220 $4,381 $11,969 $110 $1,781 $4,626 $216 $26 $8,750 $1 ,216 $7,229 $1,596 J TSS Chg 2003-04 $230.14 $468 $21,109 $13,970 $12,827 $281 $281 $155 $72 $21 $1,296 $548 $3,439 $709 $390 $817 $31 $1,754 $155 $112 $2,543 $0 $954 $35 $3,645 $317 $758 $146 $225 $1,304 $295 $42, 199 $4,327 $11,822 $317 $6, 124 $1 ,917 $120 $36 $1 ,263 $1,201 $1,706 $1,576 Page 11 of 12 K Total Chg 2003-04 $1,640 $31,894 $23,356 $407, 165 $750 $1,216 $644 $592 $145 $3,461 $1,675 $31 ,780 $1 ,947 $11,562 $2, 192 $74 $10, 186 $584 $1,155 $9,061 $71 $2,549 $204 $9,739 $1,726 $1,170 $1,145 $608 $3,485 $6,704 $207,735 $11,560 $31,586 $1,605 $10,394 $10.388 $559 $108 $14,207 $4,431 $14,274 $20,314 L Total Increase $276 $6,052 $4,350 $73,331 $127 $176 $94 $76 $19 $585 $273 $5,577 $312 $2,058 $371 $13 $1,571 $78 $141 $1,621 $7 $431 $27 $1,647 $236 $213 $169 $102 $589 $1, 165 $32,039 $1,955 $5,342 $207 $1,800 $1,627 $87 $17 $2,284 $672 $2,216 $2,415 alphabetical 5/6/2003 COMPANY NAME UWMC HOSPITAL CORPORATION VAN LAW FOOD PRODUCTS, INC. VEECO ELECTRO FAB INC. #2 VELIE CIRCUITS INC. VERTEQ PROCESS SYSTEMS INC. VICTORY CIRCUITS INC. VILLA PARK ORCHARDS ASSOCIATION W. M. ELLIOTT WALKER CUSTOM COATING WATERMAN WEBER PRECISION GRAPHICS WEIDMANN WATER CONDITIONERS, INC. WESCO SERVICES WEST AMERICAN RUBBER COMPANY INC. WEST ANAHEIM MEDICAL CENTER WEST NEWPORT OIL COMPANY WEYERHAEUSER COMPANY WILLAMETTE INDUSTRIES INC. WILLIAM J. SCOTT WILVIAN JEWELL RENNER INONICS (BREA) w w W1 INONICS, INC. NTEC, LLC WORLD CITRUS WEST X Z X ELECTRONICS y y K K (U.S.A) INC 2K TEXTILE CO., INC. otal T A A verage per Permit User verage per day A B Total Volume Total BOD MG lbs 34.0269 70,9416 11.0016 971,210 0.0169 30 21 .7595 7,205 2.0404 2,541 0.3460 820 1.7451 3,280 0.0174 0 0.0252 53 5.0813 230 1.0879 4,368 5.4686 343 0.0631 914 6.7943 6,68.S 18.8219 39,244 11.1885 38,58:6 13.4847 80,9&4 2.0080 16,7016 0.8319 0 0.0032 0 38.8208 10,492 33.9466 18,147 0.0995 207 17.7704 336,40•6 0.0552 41 5 0427 1,633 0.9818 2,047 6,821 20,775,45·6 14 42,48•6 19 56,919 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c D E F Vol Chg BOD Chg TSS Chg Total TSS 2002-3 2002-3 2002-3 lbs $282.92 $190.65 $184.55 70,946 $9,627 $13,526 $13,093 411,278 $3,113 $185,161 $75,901 27 $5 $6 $5 5,672 $6, 156 $1,374 $1 ,047 2,675 $577 $484 $475 155 $98 $156 $29 45,442 $494 $625 $8,386 0 $5 $0 $0 53 $7 $10 $10 2.30 $1,438 $44 $43 971 $308 $833 $179 8,959 $1,547 $65 $1,653 54 $18 $18 $10 6,685 $1,922 $1,274 $1,234 39,244 $5,325 $7,482 $7,242 2,984 $3,165 $7,356 $551 65,403 $3,815 $15,436 $12,070 56,415 $566 $3,165 $10,411 0 $235 $0 $0 0 $1 $0 $0 10,492 $10,983 $2,000 $1 ,936 6,360 $9,604 $3,460 $1, 174 207 $28 $40 $38 79, 141 $5,028 $64, 136 $14,606 41 $16 $8 $8 1,533 $1,427 $311 $301 2,047 $278 $390 $378 G Total Chg 2002-3 $36,246 $264, 175 $16 $8,577 $1 ,537 $'283 $9,505 $5 $27 $1,524 $1,no $3,266 $46 $4,430 $20,049 $11,073 $31,321 $14, 165 $235 $1 $14,920 $14,238 $106 $83,769 $31 $2,039 $1,046 8,332,938 $1,929,763 $3,960,841 $1,537,844 $7,42B,448 17,041 $3,946 $8.100 $3, 145 $15,191 22,830 $5.287 $1 0,852 $4,213 $20,352 G:\excel.dta\fin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis Page 12of12 H J K L Vol Chg BOD Chg TSS Chg 2003-04 2003-04 2003-04 Total Chg Total $316.38 $233.00 $230.14 2003-04 Increase $10,765 $16,530 $16,328 $43,623 $7,378 $3,481 $226,292 $94,652 $324,424 $60,249 $5 $7 $6 $19 $3 $6,884 $1,679 $1,305 $9,869 $1,292 $646 $592 $593 $1,830 $293 $109 $191 $36 $336 $53 $552 $764 $10,458 $11 ,774 $2,269 $6 $0 $0 $0 $1 $8 $12 $12 $32 $5 $1,608 $54 $53 $1 ,714 $190 $344 $1,018 $224 $1,585 $266 $1,730 $80 $2,062 $3,872 $606 $20 $22 $12 $54 $9 $2,150 $1,557 $1,538 $5,245 $815 $5,955 $9,144 $9,032 $24, 130 $4,081 $3,540 $8,991 $687 $13,217 $2, 145 $4,266 $18,865 $15,052 $38, 183 $6,862 $635 $3,893 $12,983 $17,511 $3,347 $263 $0 $0 $263 $28 $1 $0 $0 $1 $0 $12,282 $2,445 $2,415 $17,142 $2,222 $10,740 $4,228 $1,464 $16,432 $2, 194 $31 $48 $48 $128 $22 $5,622 $78,383 $18,214 $102,218 $18,449 $17 $9 $9 $36 $5 $1 ,595 $381 $376 $2,352 $312 $311 $477 $471 $1,259 $213 $2, 157,990 $4,840,681 $1 ,917,742 $8.916,414 $1,487,966 $4,4, 3 $9,899 $3,922 $18,234 $3.043 $5,912 $13,262 $5,254 $24,.429 $4,077 $0 alphabetical ORANGE COUNTY SANITATION DISTRICT (714) 962-2411 Mailing Address: P.O. Box 8127 Fountain Valley, California 92728-8127 Street Address: 10844 Ellis Avenue Fountain Valley, California 92708-7018 0 CSD 2/ 13/03 Investment Management Program Orange County Sanitation District Strategy Review for the Period December 31, 2002 -March 31, 2003 March 2003 Agenda I. Organization Update 11 . Performance & Market Review 111. Outlook & Strategy 1 PIM C 0 PIMCO's Mission and Investment Philosophy Foster Strong Partnership with Clients PIMCO's Mission • Be the best fixed income manager in the world, period. * Assets as of 03/31/03. Consistent Philosophy & Process • Active fixed income manager • T earn approach focused on long term Enhanced Client Partnerships • Offer client educational programs • Use fixed income expertise to expand product offerings -CommodityRealReturn -Asset Allocation Product -StocksPLUS Total Return -Managing Taxableffax -Relative Value Strategy efficient assets Balanced Growth • Share of global fixed income market stable over time -Assets under management $323.4 B* 598 Employees; 180 Investment professionals 2 PIM C 0 Continued Expansion of Products to Meet Clients' Needs Product Description Assets Total Return Long Duration Moderate Duration Low Duration Short-Term Money Market Stable Value Mortgages Investment Grade Corporates High Yield CBO/CLO Global Emerging Markets Real Return Municipals Convertibles Enhanced Index (StocksPLUS) Other PIMCO's flagship core style Focus on long-term bonds Total Return with intermediate duration Total Return with shorter duration Active cash management techniques Maximize income while preserving capital Strategies that use book value wrappers Includes LIBOR-based mortgage products High quality corporate bond portfolios Emphasis on upper tiers of high yield market Collateralized bonds/loan obligations Non-U.S. and global approaches Focus on solid credits with improving economic fundamentals TIPS and other inflation-hedging strategies Tax-efficient total return management Balanced risk/reward profile that provides downside protection Equity Strategy -Combines futures and cash management Private placement investments $ 168.6 5.9 7.4 18.3 8.6 1.2 14.7 8.8 1.8 11.3 5.7 27.7 3.8 11 .5 7.1 0.1 17.0 0.3 Total Assets Under Management: $323.4 B Potential differences in asset totals are due to rounding. Assets as of March 31 , 2003. 3 PIM C 0 Broadening Search for Yield Overcame War Concerns • Treasury yields remained little changed, but experienced intra-quarter volatility • Risk appetite revival persisted despite war -BBBs returned 3.4% for the quarter -Many of last year's fallen angels, now high yield, rebounded • Brazil continued to perform well with signs of fiscal discipline • Telecom and pipelines continued to recover ,....., ~ 0 '-" c L.. ::J ...... Q) a'. 19 0 I- ,....., ~ 0 '-" Ill c L.. ::J ...... Q) a'. U.S. Treasury Yield Curves 6 ~~~~~~~~~~~~~~~~~~~~~~~~~----, -..... ,. -,.. ..... <# .. -~ ..... _,, ... 5 -· 2 .. ... . ,.,._ -~ -...... -· ........... ·-· _, __ .. 03/31/02 12/31/02 03/31/03 1 '-==-~~~~~~~~~~~~~~~~~~~~~~~----' 3m 2Y SY 10 8 6 4 2 0 Trsy Mtgs 10 8 I 6 I I I 4 2 0 -2 10Y Qi Sector Index Returns Corp HY Ql Industry Performance I I I I Non- U.S.$ I I • Emg Mkt 30Y SOURCE: Salomon Brothers, J.P. Morgan, Lehman Bros., Bloomberg Financial Markets 5.8 4.8 4 PIM C 0 Performance Review Performance 12 Annual •Orange County Sanitation District Ql --Long Term Portfolio •Merrill 1-5 Yr. Gov't./Corp. Index Asset Growth 9 Market Value as of Mar. 2002 $355, 764, 138 ........ ~ 0 '--' Contributions I Withdrawals (60, 000, 000) (/) 6 c: '-::J Net Investment Earnings* 29,219, 785 ..... Q) er: Market Value as of Mar. 2003 $324,983,923 3 0 96 97 98 99 00 01 02 03 Orange County Sanitation District --Long Term Portfolio (periods ending March 31, 2003) Since Inception 09/30/95 5 Yrs. 3 Yrs. 1 Yr. 9 Mos. 6 Mos. 3 Mos. Before Fees(%) 6.9 6.9 8.1 8.9 5.8 2.2 1.2 Merrill 1-5 Yr. Go\/t./Corp. Index (%) 6.9 7.0 8.5 9.3 6.0 2.5 1.1 * Includes income and realized/unrealized gains and losses, less management fees; all periods longer than one year are annualized. 5 PIM C 0 Performance Review Asset Growth Market Value as of Mar. 2002 $43,608,378 ,....., ~ 0 .._, Contributions I Withdrawals 4,999,964 IJl c '-:i Net Investment Earnings* 947,968 ...... Q) a:: Market Value as of Mar. 2003 $49,556,310 Orange County Sanitation District --Liquid Operating Portfolio (periods ending March 31, 2003) Since Inception 09/30/95 5 Yrs. 3 Yrs. 1 Yr. 9 Mos. 6 Mos. 3 Mos. Before Fees(%) 5.0 4.7 4.2 2.0 1.3 0.9 0.4 Salomon 3 Month Treasury Bill Index(%) 4.5 4.1 3.5 1.6 1.1 0.7 0.3 * Includes income and realized/unrealized gains and losses, less management fees; all periods longer than one year are annualized. 6 PIM C 0 Strategies That Rebounded Late Last Year Continued to Perform Strongly Performance Impact Strategy 12 Months 3 Months Interest Rate • Duration: Near index + 0 Strategies ~ Curve: Focused on short and long maturities Sector Strategies • Mortgages: + + Reduced exposure Protected against extension risk • Corporates: + + Overweight focused on telecom and pipelines 7 PIM C 0 Bi-modal Outcome Overlays Sluggish Growth Picture Underlying economic situation: Global imbalances hamper growth • U.S. -Corporations and consumers trudge along -Fiscal policy moderately stimulative -Fed remains accommodative • Europe -Policymakers slow -to react despite low growth -Corporations need to clean-up balance sheet • Japan -In no position to fuel global growth Successful resolution of Iraq war prompts rebound Prolonged aftermath following Iraq war slows economy • U.S. corporate and consumer confidence recovers • U.S. corporate and consumer confidence falls • Global demand rebounds • Mild reflation • Stagnant demand worldwide • U.S. Fed takes aggressive action to ward off deflation Period of uncertainty warrants conservative posture 8 PIM C 0 Reduce Macro Risks In Uncertain Environment Limit Interest Rate Exposure Limit Treasuries Due to Richness Trim Mortgages in Light of Extension Risk Target Corporates with Attractive Risk- Adjusted Spreads Pursue Incremental Opportunities with Strong Fundamentals Duration Maturity Mix Treasuries Mortgages Corporates Municipals Near-index given war-related volatility Focus on short and long maturities Intermediate maturities susceptible to supply pressure Underweight given historically low yields Substitute TIPS, which will benefit from higher near-term CPI Structural overweight tempered by near-term extension risk Add value through selection of coupon exposure Maintain selective investment grade focus Yields attractive relative to taxables and offer relative price protection 9 PIM C 0 l l l l l l l l J J J J J J J 1 J Callan Associates Inc. Investment Measurement Service Quarterly Review Orange County Sanitation District March 31, 2003 The following repmt wa prepared by Callan Associates Inc. "CAI") using information from sources that include the following: fund trustee s ; fund custodian s} investment manager s); CAl computer software· CAI investment manager and fund sponsor database~ third party data vendors; and other outside sources as directed by the client. CAI assumes no responsibility fo · the accuracy or completeness of the information provided, or methodologies employed, by any information provide.rs extemaJ to CAI. Reasonable care has been taken to assure the accuracy of the CAI database and computer software. In preparing the following report, CAI has not reviewed the risks of individual secwity holdings or the compliancel non-compliance of individual security holcLings with investment policie and guidelines of a fund sponsor, nor ha it assumed any responsibility to do so. Copyright 2003 by Callan Associates Inc. l -1 l J l -1 -J 1 J l _j ..J J , ..J 1 J I ._j ",1:-\\ \(Wr... ( rll( \(10 .\11. "I\ DL,\'ER CAILAN May 2, 2003 Mr. Michael D. White Controller Orange County Sanitation Districts 10844 Ellis A venue Fountain Valley, California 92728 RE: March 31, 2003 Quarterly Performance Report Dear Mike, The March 31, 2003 Quarterly Performance Report for the District's investment portfolio is attached. This letter provides a qualitative summary of the most important points covered in the report. Market Overview Concerns about the war drove the markets during the first quarter of 2003. Stocks were hovering near last October's five year lows when the equity markets rallied in anticipation that a war with Iraq would end quickly. The "war rally" began on March 12, but a retreat followed in the final week of the month, leaving both the S&P 500 and the Dow down 3 percent for the quarter. Investors, beaten up by three years of stock market declines, are thinking "safe and steady" in an environment clouded by geopolitical risks and fears of a double dip recession. The fixed income market was a beneficiary of these fears. The Lehman Aggregate Bond Index, a broad gauge of the fixed income market, rose 1.39 percent for the quarter. For the fifth consecutive month, the corporate sector led the bond market as spreads have tightened while yields remain attractive . Returns in the defensive portion of the bond market, where the District invests, were lower than the broad market due to the shorter maturity. The return on the Merrill 1-3 year Treasury index of 0.59 percent is essentially in line with the yield. External Manager Results The returns for the Liquid Operating Money account, managed by PIMCO, is 0.34 percent for the quarter, and 2.02 percent for the last twelve months. The returns on this portfolio are tracking short terms rates which have steadily fallen over the past several years. The portfolio continues to consistently exceed the returns on the 90-day Treasury bill, after fees. Thus, it is competitive with any institutional money market fund available. The annualized yield to maturity, which is a predictor of future return, is now under 1.5 percent. l l l l 1 I l J _J J J J J J J Mr. Michael White May 2, 2003 Page 2 The Long Term Operating fund, which is also managed by PIMCO, had a return for the quarter of 1.15 percent, which compares to the Merrill 1-5 Gov/Corp benchmark return of 1.13 percent, essentially in line with the benchmark despite a higher quality portfolio. Exposure to mortgage securities helped the portfolio for the quarter, while the under weight position in Corporate credits detracted. Over the 1-year period, the portfolio return lags the benchmark primarily due to the under weight allocation to corporate credits. The longer term record for the portfolio is in line with the benchmark and in the top quartile of the peer group for 7 Yz years. The Long Term portfolio has earned a significant premium over the Liquid Portfolio (180 basis points, annualized), rewarding the District for pursuing the two portfolio structure. The Long Term portfolio continues to hold several securities that have been downgraded below the "A" rating minimum of your policy, based on Moody's ratings. Fortunately, the combined weight in these securities is less than 2 percent. Unfortunately, one issuer, United Airlines, has declared bankruptcy. The security owned by the District was rated B3 as of March 31. A listing of the five lowest rated securities is provided on page 21. Regarding sector guidelines: corporate notes are less than 30 percent, and the combination of asset backed securities and mortgages remains below 20 percent. Within the Liquid Operating portfolio, several securities that PIMCO lists in the category of Commercial Paper account for over 5 percent of the market value -both are issued by the Federal Home Loan Mortgage Corp. Please do not hesitate to call me if you have any questions. Yours truly, Ruthann C. Moomy, Ph.D., CFA Senior Vice President 1 l l l l l 1 l J _J J J J J J J Capital Markets Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Active Management Overview Market Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Domestic Fixed-Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Asset Class Risk and Return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Investment Manager Asset Allocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Investment Manager Returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Manager Analysis PIMCO-Liquid Operating Monies PIMCO-Liquid Operating Fund Bond Portfolio Characteristics Portfolio Characteristics Detail ............................................... 18 19 20 21 l J l J l :.J J The Data Are Weak, but the Spirit Is Willing The U.S. economy showed mixed signs of growth and retreat during the first quarter of 2003, with GDP ultimately coming in at 1.6%. Consumer sentiment fell when the war broke out. Unemployment did not improve, but retail sales were better than expected. In anticipation of the war in Iraq, oil prices rose as expected during the first quarter, pushing the CPI up 3% compared to one year earlier. SARS threatens to displace Iraq and join North Korea as a prime source of international uncertainty. ·'""' r:i.rw Ji Battle Cry Trims Stock Losses Drawing upon the market's experience in the first Gulf War, an almost scripted run-up in stock prices nearly erased losses year-to-date after Bush's ultimatum to Saddam in mid- March. For the full quarter, the broad U.S. stock market fell 3.34%, including dividends, as represented by the S&P Super Composite 1500. Within the S&P 1500, larger stocks fared slightly better than small cap last quarter. Supported by the relative strength of health care and technology, growth stocks outperformed value. ·''''' purp 2 Searching for Yield The U.S. bond market, as represented by the Lehman Brothers Aggregate Bond Index, produced a coupon-like return of 1.39% during the first quarter. Credit spreads tight- ened, oblivious to weak economic data, geopolitical risks, and negative equity returns. During the quarter, mortgages generated positive returns of 0.92%, but trailed the credit and government sectors. The 10-Year Treasury ended the quarter close to where it began, but experienced volatility in the interim. ·"' e 1)(1.1;e !f The Disconnect Continues The first quarter of 2003 marked yet another quarter of weakening property fundamentals and economic conditions. Despite declining real estate fundamentals, capital continues to flow into the real estate market, pushing capitalization rates down and thereby sustaining value even when income is decreasing at the property level. The NCREIF Property Index returned 1.88% for the quarter. s< c pane .<J Disappointing Start to the Year After a strong fourth quarter, the first quarter proved disap- pointing, with the MSCI EAFE Index handing U.S. investors an 8.2% loss. Equity markets sold off around the world on fears of renewed economic weakness, rising oil prices, and geopolitical crises. The Pacific region suffered less than the European region. E c f'U!J<' u International Bonds Continue Their Rally For the first quarter, the Citigroup Non-U.S. World Government Bond Index rose 3.73% in U.S. dollar terms and 1.45% in local terms. The JP Morgan EMBI+ Index added 7 .59% to its recent surge, as more investors began to take notice of the continued improving fundamentals, cheap valuations, and strong performance of the asset class. Private Equity Remains Moribund The contraction in fundraising extended into 2003. Many predict this trend will continue through year-end, as most tenured firms are not expected to fundraise until 2004. The first quarter of 2003 recorded 18 new funds and $4.1 billion in commitments. "c pru;e IO Credit Risk Wins Converts and Distressed The median manager in the Callan Hedge Fund-of-Fund Database gained 1.49% last quarter, net of fees, picking up much of its gain in January. Convertible arbitrage and distressed strategies were the strongest major hedge fund sectors last quarter, gaining 5.44% and 5.28%, as measured by CSFB/Tremont. Despite insipid signs of a revival in M&A activity, these opportunities were still dwarfed by the risk capital in this area. .'X'c pllyc HJ A Return to the Bear's Lair Fund sponsors, who were hoping to avoid a third straight losing year, were in the red for the quarter, as solid gains in the bond market were not enough to offset poor equity returns. With an average equity allocation of 50%, the median Taft-Hartley plan had the "best" return, losing l.11 % in the quarter. Corporate plans (-1. 79%) and endow- ments/foundations (-1.90%) garnered lower returns due to their more aggressive equity allocations (57% and 60%, respectively). sec JHiyc 12 4'7c Broad Market Returns -First Quarter 2003 3.73'7c 2'7c 0% ~-2~ Ji-4'7.c -6'7c -8'70 -10% l.39% -8.21% U.S. Equity Non-U.S. Equity U.S. Fixed (Super Composite 1500) (MSC! EAFE) (LB Aggregate) 1.64% 0.30% Non-U.S. Fixed Real Estate Cash (Citi Non-U.S.) (Callan Real Estate) (90-Day T-Bills) • I 11{ Al (I \II\ I I Iii. \1 ll ~l 11 f I ;1111 •\I [ltll\'.[\111111.-, \I I\ ' ( ~ 11 ; 1 ( I< 111 1 l l 1 1 l 1 J l _J J J I ,;.:J Battle Cry Trims Stock Losses Bush's call to arms against Iraq in mid-March ended the growing geopolitical uncertainty that had dragged stocks down earlier in the quarter. Confident that military conflict, however unpleasant, would swiftly eliminate Saddam Hussein as an ongoing destabilizing force in the Middle East, euphoric buyers routed skeptical sellers. Drawing upon the market's experience in the first Gulf War, the almost scripted run-up in stock prices following Bush's ultimatum to Saddam quickly erased a double-digit percentage loss year-to- date. However, by quarter end, an unexpected spate of Iraqi resistance undermined some of the war rally. Also, the lingering economic malaise at home came back into focus, adding to the market's angst. For the full quarter, the broad U.S. stock market fell 3.34%, includ- ing dividends, as represented by the S&P Super Composite 1500. Within the S&P 1500, larger stocks fared slightly better last quarter. The S&P 500 slipped 3.15%, while the S&P Mid Cap 400 dropped 4.44% and the S&P Small Cap 600 lost 5.79%. All but two of the 10 economic sectors within the S&P 1500 fell last quarter. After a strong rebound at the end of last year, Telecommunications (-14.35%) was soundly crushed last quarter, particularly when AT&T (-37.26%) reported significant losses and guided the earnings outlook downward. Basic Materials (-7.67%) also crumbled last quarter, giving up much of its fourth quarter gain. Collapsing especially fast was the iron & steel industry (-20.31 % ), which struggled to get unit price increases to stick amid weak foreign demand. Even the hedging promise of gold & precious metals mining (-10.64%) during uncertain times proved weak. Often the sanctuary in troubled times, Consumer Staples (-6.47%) repelled asylum seekers last quarter, as some of its underlying indus- tries met unexpected financial stress. The image of food distributors (-14.03%) was spoiled by allegations of Ahold's fraudulent account- ing. Elsewhere, the Philip Morris unit of Altria Group (-24.76%) faced imminent bankruptcy stemming from a $12 billion court- ordered bond payment necessary to appeal a class-action lawsuit judgement in Illinois. Tied closely to the fate of the Middle East conflict, oil prices dramat- ically rose and fell during the quarter. Amid this turmoil, the Energy sector nevertheless kept its head low, edging up a modest 0.42%. Indeed, the oil stocks had largely dismissed the earlier oil price run- up as temporary. Eking out a 1.35% gain, Health Care was the bright spot among the economic sectors, as its resilient earnings in this troubled economic recovery kept buyers in the market. Within Health Care, biotechnol- ogy ( + 11.08%) was the primary benefactor. Clinging to hopes ofre- growth potential, Information Technology fell only 1.03%. Supported by the relative strength of Health Care and Information Technology, growth-oriented stocks generally outperformed their value counterparts. To compare value and growth, S&P and BARRA divide the capitalization indices evenly by price-to-book, creating subsectors of growth-and value-oriented stocks. Last quarter, the S&P/BARRA Growth Index (-0.83%) held up better than the S&P/BARRA Value Index (-5 .51 %). In the small cap world, the S&P/BARRA Small Cap Growth Index (-3.57%) also suffered less than its value sister (-7 .96% ). Callan Style Group Returns -First Quarter 2003 llr Olr --····- -2'.l ·31r ·8% Large Cap-Growth Sly le I01h Pcrccn1ik 0.90 251h Pcrccruilc 0 03 Median .Q 79 15th Pcn.:cntilc -1.47 901h Pcrccnlilc -3 46 S&PGruwlh Benchmarks e -0.83 Large Cap-Value Style -2.61 -J 91 4 82 -5 25 ·6.36 S&PValue ·5 51 _ ....... • Small <:up.<:rowth Small Cap-Value S[)'h! Style -1.)5 -2.27 .2 58 ·3.96 ·3.71 -l.71 4.21 ·5.53 ·508 -726 Russell 2000 Growth Russell 2000 Value .3,57 -7.96 Capitalization Sector Performance -First Quarter 2003 0<,t -1 % -5% 20% 40</c 60% 80% 100% Economic Sector Performance -S&P 1500 First Quarter 2003 Health Care Energy Technology Consumer Cyclicals Utilities Financials Capital Goods Consumer Staples l.35% Basic Materials • 7.67</c Communications L-~14!::: .. 3..~'!J!!l!!l!!!!~~====~~~~l _ ___, -18% -15'7c -12'7c -9% -6% -3% 0% Return Rolling One-Year Relative Returns vs. S&P 500 25% --S&P 500 0 0 20% -S&PValue ·S&PGrowth "'15'7r 1-------"-~ 10% -r1. ~ 5'7o A -?'\--A.. I I ~ j o'7c ,_LJo_<qOl~U~·Ssz·~ _-.Qit .~ -590 -r-v ~-IO'lo Cl: -15% -20%-- 3'7c CAILAN ASSOCIATES, ,,,,, ''"""'' ~ou 1 I' \PIT \L )LU:l\ET ,,., , , l ~l l " 1 l l _J l ..J J l J I _J J I .... J Searching for Yield The U.S. bond market, as represented by the Lehman Brothers Aggregate Bond Index, produced a coupon-like return of 1.39% during the first quarter, with some price appreciation created by corporate spread tightening. The Federal Reserve left the Fed Funds target at 1.25%, a decision that did not surprise the market. Uncharacteristically though, the Fed refrained from indicating a forward bias, citing geopolitical uncer- tainty. The market displayed more certainty when it came to predict- ing upcoming Fed actions; at the end of the quarter, future contracts on Fed Funds forecasted a near-100% probability of an interest rate cut within the next six months. Longer interest rates followed a fickle path but ended the quarter close to where they began. The 10- Y ear Treasury started the year at 3.81 % and closed the quarter at 3.79%. In the interim, the IO-Year reached a new multi-decade low in March, approaching 3.5%. The slope of the yield curve increased marginally from a starting point that was already uncommonly steep by historic standards. While Treasury yields were unstable, credit spreads unequivocally tightened, continuing a rally which started in October of last year. Credit spreads were oblivious to weak economic data, geopolitical risks, negative equity returns, and more corporate scandals. During the quarter, HealthSouth and Ahold came under investigation for improper accounting. Unlike a year ago, investor distrust did not condemn the rest of the corporate bond market. Notably, as equities lost value in the first quarter, credits rallied, breaking last year's pattern of corporate spreads trading in lockstep with the equity market's performance. Lower-rated corporate securities benefited from yield-starved investors buying the corporate bond market. The securities in the Lehman Brothers U.S. Credit Index returned 2.40% for the quarter, while the Lehman Brothers U.S. Corporate High Yield Index gained 7.61 %. Rebounding off depressed levels, Caa-rated securities returned 19% for the quarter, and nearly 36% for the last six months. While the market appears to value the corporate balance sheet repair work that has recently occurred, the credit rally was also driven by technical factors. During the quarter, corporate new issuance was tepid, given the uncertainties surrounding the war with Iraq. At the same time, approximately $11 billion flowed into high yield mutual fund assets, according to AMG Data Service. At an annualized rate of $44 billion, this represents more than 10% of the Lehman Corporate High Yield Index's $425 billion market value. In compar- ison, last year high yield funds attracted a total of $11 . 7 billion. During the quarter, mortgages generated a positive return of 0.92%, as measured by the Lehman Brothers Mortgage-Backed Securities Index, but trailed the credit and government sectors. Due to interest rate volatility, investor concerns alternated between prepayment and extension risk within the quarter. At the end of the quarter, the average price of the Lehman Brothers Mortgage-Backed Securities Index, at $104, remained well over par. Emerging debt benefited from the same search for yield that propelled high yield corporate bonds. As a whole, non-U.S. securi- ties, on a hedged and unhedged basis, outperformed U.S. bonds due to a weakening dollar and an interest rate cut issued by the European Central Bank. Callan Style Group Returns -First Quarter 2003 87' - 1'k - 41k I- Intermediate Style 10th Pl.'rccntilc 1.69 25th rl!rccntilc J.5 I Median IAO 75lh Pcrccntil~ 1.31 90tJ1 Pcrccn1ilc 1.17 LB Go\·/Corp Inter Benchmark • 1.51 Core Bond Style 1,84 t.67 145 I 36 1.20 LB Go"/Corp Bd t 65 ::::~:::: Extt!nded Maturity Sly le 2.50 207 181 1.53 1.20 LB Gm·/Curp Long 2.08 • High Yield Style 7 00 6.37 5.'!2 447 3.49 LB High Yield 7 61 Sector Performance -First Quarter 2003 8'7c 7% 6'70 E 5% " Ji 4'7o ~ ~ 3% 2% 1% 0% LB Universal Index = 1.80% LO Aggregate Index = 1.39% 7.61% LB Gov Bd LB Credit LB High Ykld LB Mtg-Backed Sec U.S. Treasury Yield Curves 5% • ...... -·-····-····-···-·-· .. ··-····-·· .............. -·-········--···~·········- 4% ~ / 1% .... ·•··•· -End I st Quarter 2003 .. +--Beginning 1st Quarter 2003 ........ End I st Quarter 2002 0%1-----+----+----+----+----+-----l 0 5 10 15 20 25 30 Maturity (Years) Effective Yield Spread over LB Treasury Index 12% ,------------------------, t' i;l 10'7c LB High 11.,ld -LB Credit Baa llond.1 LB CredJr A Bonds -LB Credir Aan Bonds "' ~ :;; 8'7c - ...l .. 6 6%1----.,,, i'l a4'7c -~--------------~--..., "' ...,, ~ 2'7c i--..... ~;;;;;----------~ .. ~ O'lc t:=====::======~~~==::"'!"=~_j ~ -2% t--+--+--t--+--i-+----1--+---+-l----+--+--+--+---+-!---i ~~##~~#~~~#######~# CAILAN ASSOCLA TES. ,;, _ _, ,, , '""' ~001 I' \PIT \L )J \IIKET ,, .;, .. l 'l l I i l J J ' _j I ..,j J J J J Disappointing Start to the Year After a strong fourth quarter, the first quarter of the new year proved disappointing, with the MSCI EAFE Index handing U.S. investors an 8.2% loss. Equity markets sold off around the world on fears of renewed economic weakness, rising oil prices, and geopolitical crises. As a result, the more defensive sectors, such as consumer staples and health care, fared better than economically sensitive sectors. Financial companies continued to struggle in most major regions as well, with European insurance companies taking yet another hit. Europe The MSC! Europe Index lost 9.2% in dollar terms in the first quarter, bolstered by a 3.98% gain in the euro versus the dollar. France and Germany performed poorly (down 11.5% and 12.6%, respectively), while the UK was inline with EAFE. The German economy continued to struggle, with weakness beginning to spread to the rest of the eurozone. French unemployment hit a new high since September 2000, as broad business and consumer sentiment indicators began to slip anew toward the end of the quarter. Nevertheless, smaller countries like Ireland and Spain actually delivered a positive return. The European Central Bank and the Bank of England responded to the stalling economies by cutting interest rates. However, those moves failed to improve sentiment, when investors instead focused on the worsening economic climate and uncertainty over the war. The Swiss National Bank surprised the markets considerably by cutting rates in order to alleviate strength in the Swiss franc. European financials were hit hard once again by ongoing concerns over solvency, dropping 11.9%. Dutch retailer Ahold further stoked investor anxiety by admitting that it had fraudulently overstated profits, creating a contagion that spread to other European conglom- erates. One of the few bright spots was telecom, falling just 3.9% in Europe, as investors began to show confidence in debt reduction and cash flow generation efforts. Asia The MSC! Pacific Index started the year with a 5.7% decline for U.S.-based investors, exceeding the broader EAFE index by 2.5%. Japan lagged the regional index, sinking 7.9%, as its struggling banks got pounded with a 22% loss for the quarter. This brought Japan's index to a fresh 20-year low, despite efforts by the Bank of Japan to extend its recently announced policy of purchasing equities directly from banks. As the economic news worsened throughout the quarter, investors in Japan decided to rotate back into defensive issues. In Hong Kong, business activity was hurt by rising concerns over the emerging SARS epidemic. Emerging Markets The MSCI EMF Index dropped 5.9% in the quarter but still managed a 2.3% gain relative to the developed markets. Country dispersion was significant, with Argentina climbing 19.1 % and South Korea plunging 17.2%. More broadly, Latin America led the major regions with a gain of 0.2%, as investors warmed up to the policies of recently elected Brazilian President Lula. Emerging Asia was the trouble spot, losing 8.5%, when investors fled South Korea on fears of political tensions with North Korea, an accounting scandal with SK Corp., and emerging concerns related to bank balance sheets. Callan Style Group Returns -First Quarter 2003 -2')( ~-----~-----....-----~ 41f -10'.f 10th Pcn.:rntilc 251h Pcri:cntilc Mcdi3n 75Lh Percentile 90th Percentile Bcnclun:ttk • -2% -6'7c ..... ~ ...... Global Equity Style ·263 -4~8 -5 33 -5-93 -9.00 MSCIWorld -5.06 ~ ... -.. Non-U.S. Equit_v Style -5 98 -697 -8 13 -8 90 -JO 00 MSCIEAFE -821 Emerging Markets Eq Db -2.94 451 -5 64 -6 75 -765 MSCI Emerg Markeb Free -587 Regional Performance (based on US$) First Quarter 2003 0.61'7c -IO'lc MSC! Japan MSC! Pac MSC! Emerg MSC! Europe (US$) Ex Japan Markets Free Rolling One-Year Relative Returns vs. MSCI EAFE US$ 40% E 30% = a: c.: 20% " .. ~ 10% -~ ~ --.....------~« ~ a o%r--~:.-· ~ ~-10% 0 .. ,E-20% - 0 g:;-30% MSC! Pacific ---·'-----------1 -MSC! Europe lo... -MSC! EAFE ____::i_,___ _______ ----l 93 94 95 96 97 98 99 00 0 I 02 03 Major Currencies vs. US$ Cumulative Returns over Last 25 Years 200% ~--------------------. .,. 150% --Japanese Yen oo German Mark/Euro : UK Sterling .. E ioo% " a: g:; -~ 50% 1--------,-r-... = E = u (j CAilAN ASSOCLt\TES "''''I ",,,Cir", I' IPIT1L "\IlliliT' ;,,, 1 l l J J J J INTERNATIONAL EQUITY Style Median and Index Returns* for Periods ended March 3 I , 2003 Last Last Last 3 Last 5 Last I 0 Quarter Global Style -5.33 Non-U.S. Sryle -8.13 Core Style -8.51 Top Down Style -7.83 Barrom Up Style -8.16 Small Cap Style -3.84 MSCI EAFE-Unhedged -8.21 MSCI EAFE-Local -9.43 MSCI EAFE Growth Index -7.98 MSCI EAFE Value Index -8.43 MSCI W orld-Unhedged -5.06 MSCI World-Local -5.74 MSCI AC World Free ex-U.S.-Unhedged -7.30 MSCI AC World Free-Unhedged -4.98 Pacific Basin Style -6.89 Japan Style -6.97 Pacific Rim Style -7.05 MSCI Pacific-Unhedged -5.69 MSCI Pacific-Local -6.86 MSCI Japan-Unhedged -7.86 MSCI Japan-Local -7.93 Europe Style -9.00 MSCI Europe-Unhedged -9.21 MSCI Europe-Local -10.50 Emerging Markets Database -5.64 MSCI Emerging Markets Free-Unhedged -5.87 MSCI Emerging Markets Free-Local -6.14 Return Attribution for EAFE Countries First Quarter 2003 Year -24.20 -22.62 -22.78 -21.26 -20.90 -16.57 -23.23 -34.33 -22.35 -24.10 -24.20 -29.11 -22.18 -23.70 -16.38 -17.60 -21 .97 -16.29 -24.74 -18.56 -27.13 -24 .60 -25.82 -37.89 -20.09 -20.58 -22.14 Country Total Local Currency Australia 3.90% -3.19% 7.32% Austria 5.14 I.I I 3.98 Belgium -17.23 -20.40 3.98 Denmark -0.60 -4.43 4.01 Finland -11.13 -14.53 3.98 France -11.48 -14.87 3.98 Germany -12.63 -15.97 3.98 Greece -14.99 -18.25 3.98 Hong Kong -5.79 -5.78 -0.01 Ireland 4.95 0.93 3.98 Italy -6.46 -10.05 3.98 Japan -7.86 -7.93 0.08 Netherlands -15.71 -18.94 3.98 New Zealand 5.75 -0.18 5.95 Norway -14.50 -10.44 -4.53 Portugal -5.86 -9.46 3.98 Singapore -6.70 -5.06 -1.74 Spain 1.72 -2.17 3.98 Sweden -4.34 -6.91 2.76 Switzerland -9.06 -11.12 2.31 UK -8.64 -6.95 -1.82 * Returns less than one year are not annualized. Years -16.15 -19.34 -18.75 -18.56 -15.46 -16.26 -19.54 -20.29 -24.32 -14.76 -18.38 -18.54 -18.74 -18.03 -22.04 -24.02 -15.99 -21.93 -19.08 -25.37 -21.68 -18.15 -18.40 -20.65 -15.13 -16.35 -11.79 Years Years -3.89 6.65 -5.26 4.80 -4.98 4.41 -4.30 4.60 -4.28 527 0.36 4.70 -7.13 1.96 -7.73 2.31 -9.23 -0.19 -5 .30 3.96 -5.68 4.84 -5.83 5.05 -6.54 2.26 -5.42 4.93 -4.42 -0.44 -2.93 -0.83 -2.48 l .09 -5.81 -3.52 -7.49 -3.21 -6.96 -5.08 -9.12 -4.78 -4.99 8.53 -7.61 6.25 -7.63 6.69 -4.16 2.12 -6.85 0.16 -1.37 14.20 Country Weights -EAFE As of March 3 I, 2003 Auscria 0.1~· New Zealand 0.1~ Greece 0.3'it UK Ponugal 0.4<;7< Norway0.4% Denmark 0$~ Ireland 0.$%· Singapore 0.R<:t·---- Belgium 0.9'k - Hong Kong l.7'7r- Finland l.9'7c Spain 3.6<k Italy 3.8'i'c 5.:!'k Swiezerland 8.1'/c Last 15 Years 8.35 5.50 6.12 4.67 7.40 5.53 1.56 1.99 -0.53 3.58 5.03 5.34 2.07 5.39 0.89 0.90 9.18 -3.82 -3.91 -5.40 -5.69 9.56 7.32 8.38 10.72 8.16 39.40 1 l J J International Bonds Continue Their Rally For the first quarter, the Citigroup Non-U.S. World Government Bond Index rose 3.73% in U.S. dollar terms and 1.45% in local terms. The previous quarter's trend of declining rates and a strength- ening euro persisted, although at a slower pace. Europe European bond markets extended their rally in the first quarter with a 5.94% return to U.S.-based investors, as measured by the Citigroup EMU Government Index. Continued economic weak- ness prompted a central bank rate cut and drove the front end of the EMU yield curve lower, while the euro rallied 3.98% against the dollar. By contrast, the UK bond market dropped 0.59% in U.S. dollars, despite an interest rate cut by the Bank of England, as sterling weakened 1.82% against the dollar. Japan The Japanese bond market climbed 1.16% in dollar terms in the first quarter, pushing yields to record lows amid ongoing economic concerns. The yen was flat with the dollar during the quarter. The back end of the government yield curve dropped dramatically from Callan Style Group Returns -First Quarter 2003 _ ...... . :v; ····•-·-.. I',:~--------~--------~ 10th Percentile '.!:";1h r~·n:~ntik "frdian 75th P..:rl'Cnlilc 901h Pcn:i.:ntil~ D..:m;hm:i.rk • Global Fi:c:cd SLyle 44) H I J.31 ::! 81 140 Citi World Gov Unhedged 311 Emerging Markets Nun-U.S. Fh:td Style 4,S-1 4.m 406 H~ l.45 Cili Nun-U.S. World Gm• Unhedgcd ) 73 The JP Morgan EMBI+ Index added 7.59% to its recent surge, as more investors began to take notice of the continued improving fundamentals, cheap valuations, and strong performance of the asset class. an already low level. INTERNATIONAL FIXED INCOME Style Median and Index Returns* for Periods ended March 31, 2003 Last Last Quarter Year Global Style 3.31 24.68 Citi World Govt-Unhedged 3.11 25.23 Citi World Govt-Local 1.34 10.06 Non-U.S. Style 4.06 29.45 Citi Non-U.S. World Govt-Unhedged 3.73 28.95 Citi Non-U.S. World Govt-Local 1.45 8.94 Citi Euro Govt Bond lndex-Unhedged 5.94 40.48 Citi Euro Govt Bond Index-Local 1.88 12.31 JPM Emerg Mkts Bond Index Plus 7.59 15.35 Return Attribution for Non-U.S. Govt Indices First Quarter 2003 Country Total Ausrralia 8.08% Austria 6.12 Belgium 6.17 Canada 6.66 Denmark 5.96 Finland 6.11 France 5.87 Germany 5.81 Greece 6.31 Ireland 6.42 Italy 5.82 Japan 1.16 Netherlands 5.93 Portugal 6.40 Spain 6.13 Sweden 4.34 Switzerland 1.73 UK -0.59 *Returns less than one year are not annualized. ** Derived from MSC! EAFE data. Local 0.71% 2.06 2.11 -0.69 1.87 2.04 1.81 1.75 2.24 2.35 1.77 1.08 1.87 2.32 2.07 1.54 -0.57 1.25 Currency'"'" 7.32% 3.98 3.98 7.40 4.01 3.98 3.98 3.98 3.98 3.98 3.98 0.08 3.98 3.98 3.98 2.76 2.31 -1.82 Last3 Lasts Last JO Last 15 Years Years Years Years 7.40 5.74 6.71 8.03 7.35 6.30 6.41 7.26 6.83 5.71 7.00 7.82 6.67 552 6.50 7.84 6.34 5.77 6.19 6.72 5.89 5.03 7.12 7.50 12.41 7.60 9.43 7.66 12.67 Country Weights -Citigroup Non-U.S. Govt As of March 3 I, 2003 Ireland 0.4'k Aus1ralia 0.5'k Finland 0.6'/c Switzerland 0.9'/c Portugal l .O'!c --...........: Sweden l.OCk - Denmark l.5'k - Austria l .8'k - Greece 2.0% Canada 2.8% Netherlands 2.8'7c Belgium 3.9'k (~: CAILAN ~~ocr \ rE: ,, llj ' I ,. ... ,., I ll'IT\L .ll.lHlili'I ,, ..... l 1 J I J J The Disconnect Continues The first quarter of 2003 marked yet another quarter of declining property fundamentals and economic conditions. According to Torto Wheaton Research, the national office vacancy rate increased over the last quarter to 16.9%, 220 basis points above its long-term average; the national industrial vacancy rate increased to 11 .3%, 250 basis points above its long-term average. On the apartments side, individuals have been purchasing homes taking advantage of low mortgage rates and easing credit restrictions. This has caused apart- ment income and occupancy to decline. Surprisingly, retail remained strong. Fundamentals, such as longer lease terms and a diversified tenant base, have brought investor interest to the retail sector. Despite declining real estate fundamentals, capital continues to flow into the real estate market, pushing capitalization rates down and thereby sustaining value even when income is decreasing at the property level. With increased allocations to the sector, investors were seeking stable income-producing properties with low short- term lease rollover. The table below depicts capitalization rates, which have fallen over the last year in all property types. For the first quarter 2003, returns remained positive. The NCREIF Property Index (private real estate market index) returned 1.88%. Once again, the sector saw negative appreciation (-0.08%), but income remained strong (l.96%). The public real estate markets represented by the NAREIT Equity Index gained 0.68% for the quarter, led by Shopping Centers at 8.29%. Overall Capitalization Rates Sector Industrial Apartment CBD Office Suburban Office Strip Shopping Center I st Quarter 2003 One Year Ago 8.84% 9.25% 8.14% 8.56% 9.40% 9.58% 9.96% 9.99% 9.58% 9.98% Source: Korpacz Real Estate Investor Sun•ey®. Rates based on unleveraged, all-cash transactions. Callan Style Group Returns -First Quarter 2003 5'.( 4',(; 2'.;. 0'.~1----- -I'.; 10th P.:m!nlilc :?5th Pi:rccmilc Median 75th Pcrccniik !)01h Pcrccn1ile Dcnchmark • Real Estate Dalabast 6.47 :! 10 I (.J 0.86 -0,54 NCREIF Total Index 167 • REIT Oatab:t.!it 2.75 2._l.:I I 60 1.21 OA9 NAREIT Equil.v 0,68 NAREIT Equity Sector Performance -First Quarter 2003 Relail Industrial/Office Diversified 0 13'/c Residential Self Storage Specialty Health Care Lodging/Resorts ~-~20~.4~' 9~<;f··~~==:=:::::::L--~--.,J -25clc -20% -159'c -lOck -5% Ol/'c 5% 1 0~ Return Rolling One-Year Returns ... " 50'/c .-----------------------~ -::. JO<k !#-----------.-~ c ~ 0%1---- ~ 0 ~ -10% 1------1 91 92 93 94 95 96 97 98 99 00 0 l 02 03 REAL ESTATE Style Median and Index Returns* for Periods ended March 3 I, 2003 Last Last Last 3 Last S Last I 0 Quarter Year Years Years Years Rea/ Estate Database (ner ojfees) 1.64 7.26 8.50 8.68 10.38 NCREIFTotal Index 1.88 7.13 8.54 10.24 9.38 REIT Database 1.60 -0.80 14.63 5.70 11.05 NAREIT Equity 0.68 -3.44 13.69 3.53 8.46 *Returns less than one year are not annualized. Last IS Years 7.11 6.71 10.69 9.77 1 l l J J _J J J Private Equity Remains Moribund The contraction in fundraising extended into 2003. Many predict this trend will continue through year-end, as most tenured firms are not expected to fundraise until 2004. The first quarter of 2003 recorded 18 new funds and $4.1 billion in commitments. Fundraising is down approximately 85%, with 10% in total commit- ments raised during the first quarters of 2001 and 2002, respectively. Exit opportunities for portfolio companies remain scarce, as the possibility of going public or being sold is unlikely for most. One company out of the three that went public in the first quarter was venture-backed. Fundraising is not the only area suffering from the continued economic slump. After a rapid buildup in the late 1990s, staffing at many private equity firms is being reduced. Many venture firms raised large funds and have been compelled to reduce them-some more than once. Now many are cutting senior level staff as well. Dropping health care-focused partners became common in the late 1990s; now, a similar theme has developed in telecom and Internet investments. Please see our upcoming issue of Private Markets Trends for more in-depth coverage. Funds Closed January I through March 31, 2003 Strategy # of Funds $ Amt (mil) % Venture Capital 9 1,193 29 Acquisition/Buyouts 400 10 Subordinated Debt 1 90 2 Distressed Debt 3 1,600 39 Other 2 728 18 Fund-of-funds 2 59 1 Totals 18 4,070 100 Source: The Primte Equity Analyst & Buyouts Credit Risk Wins Converts and Distressed In the pecking order of capital markets, creditors get paid first while shareholders ideally get what's left over. The recent evidence of an economy getting back on its feet comforted hedge funds with credit risk last quarter, as they felt more likely to at least get paid. Hedge funds with equity risk found themselves waiting for their compensa- tion. Representing a proxy for diversified programs of hedge fund strategies targeting credit risk, equity risk, as well as other compen- sated risks, the median manager in the Callan Hedge Fund-of- Fund Database gained 1.49% last quarter, net of fees, picking up much of its gain in January. Convertible arbitrage, particularly among funds emphasizing credit analysis, was the strongest major hedge fund sector last quarter, gaining 5.44%, as measured by CSFB/Tremont Convertible Arbitrage Index. Within the Event-Driven Index (+3.95%), the distressed subsector rose 5.28%. Patience in this subsector was rewarded after suffering bouts of fraudulent accounting and floods of distressed paper last year. On the flip side of event-driven strate- gies, the merger arbitrage subsector sank 1.36% in the first quarter. Unfortunately, bottom-up stock pickers in Long/Short Equity (+0.15%) struggled in this quarter marked more by the emotion of Middle East events than the valuations between stocks. Monthly Net Returns: CAI Hedge FoF Database 2,0',; I.Yi 0 0'!. 1----•--A--'~)""--I l--···!'!····-'-'11-'-'17=~1-+----···•···· II 03) ·OS'k I01h Pcrcc111ilc ~51.h Pcrccmilc Median 75th Percentile 90Lh Pcrccntik .J:muar.v 2003 I.92 I 60 1.07 076 0 31 T-llills e 0 ID F'cbruar.v 2003 0 96 0 69 Q_l6 000 -0.16 0.09 March 2003 0 80 0 . .19 03.1 Q[)<J -0.:!0 0 I:! ALTERNATIVE INVESTMENTS Style Median and Index Returns* for Periods ended March 3 I, 2003 Last Last Last3 Lasts Last 10 Last 15 Quarter Year Years Years Years Years Convertibles Database 1.00 -5.61 -4.09 4.17 9.37 10 39 CSFB Convertible Securities 3.81 -4.48 -8.26 2.87 8.01 9.58 Hedge Fund-of Funds Database 1.49 3.18 6.77 8.54 11.46 Market Neutral Equity Style 1.83 8.50 7.75 4.55 6.92 9.74 CSFB(fremont Equity Market Neutral 1.04 7.53 9.29 11.21 CSFB(fremont Long/Short Equity 0.15 -0.77 -3.33 8.75 CSFB(fremont Event-Driven 3.95 2.04 6.37 6.25 CSFB(fremont Convertible Arb 5.44 12.04 12.91 11.00 CSFB(fremont Fixed-Income Arb 2.69 5.88 7.29 4.79 90-Day T-Bills 0.30 1.65 3.74 4.28 4.56 5.19 VE Post Venture Cap Index -0.52 -33.68 -39.78 -10.74 3.37 7.56 GS Commodity Index 4.59 20.40 7.73 6.88 6.20 9.69 MLM Managed Futures Index 2.56 6.14 6.85 6.36 8.61 8.81 *Returns less than one year are not annualized. w CAILAN \ ~ ·n-~·1 'T ~ , '-\>,~ '.:',)'L . .tfl. J t..i~~~, Hru 11,1111trr-·m11 { 1PITiL J] U~i\.Ef 1 I ! l J J j I d The Data Are Weak, but the Spirit Is Willing After slowing to a crawl in the fourth quarter of last year, the U.S. economy showed mixed signs of growth and retreat during the first quarter of 2003, with GDP ultimately coming in at 1.6%. While GDP growth matched the trend rate, a good chunk of the gain in the first quarter was unintended inventory accumulation. Real strength in the broad economy still remains difficult to detect. Uncertainty surrounding the war in Iraq kept businesses from spending, but the dreaded "CNN Effect" failed to materialize, as consumers continued to go out and spend, particularly on autos, building materials, and furniture. Industrial production slipped during the quarter, but the decline was concentrated in utilities and caused by brutal winter weather. Consumer sentiment fell when the war broke out. While the unemployment picture did not improve, retail sales were better than expected. Consumer and producer prices rose during the quarter, primarily due to a spike in oil prices, which have already retreated from their $39 per barrel peak. SARS threatens to displace Iraq and join North Korea as a prime source of international uncertainty. Thus far, the dominant impact of SARS is on tourism and travel. Travel to Singapore and Hong Kong has been cut in half, and the already battered airline industry is about to add some previously profitable Asian-based carriers to the list of the wounded. Until SARS became known to the rest of the world, Asia had been the only region with increasing air traffic over the past few years. The impact of SARS on the Asian economies is still difficult to judge because China has concealed the size of the problem. For Asian industries that export to the rest of the world, the impact may be delays or curtailments in shipping and perhaps a search for alternate places in the world to locate low-wage manufac- turing production. For those selling into the Chinese market, with its huge population and fast-growing rate of private spending, consumption may be at risk of shrinking in major cities in China and Hong Kong. The ripple effects to other Asian countries that have few or no cases of infection may be severe. Asia makes up one- quarter of the global economy, and SARS fears hold the potential to depress the recovery struggling to get on track outside the U.S. The job market remains weak, with the unemployment rate stuck at 6%. Initial claims for unemployment insurance, reported on a four- week average, rose above 400,000 in January of this year and have remained near this level through the end of March. Initial unemploy- ment claims are regarded as one of the few leading economic indica- tors, with a level above 400,000 usually considered to be a sign for concern. While consumer confidence plummeted during the first quarter, the drop was largely for non-economic reasons, and the Inflation -Year Over Year PP! (All Commcxht1es) -5%1---- -IO'lc • ' 78 79 80 81 6Z 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 0203 impact on spending was muted. Consumer finances suggest some slowdown in consumer spending is in the cards. Consumer debt is at a record 110% of disposable income, and credit card charge-offs are close to all-time highs. Low interest rates are keeping debt service costs bearable and spurring the consumer on, despite the job weak market. In anticipation of the war in Iraq, oil prices rose as expected during the first quarter, pushing the CPI up 3% compared to one year earlier. The core CPI, which excludes energy and food, is up just 1.7%. Energy prices rose 4.6% in March and were up 23.4% from a year earlier. Oil prices were back near $30 after the fall of Baghdad, but the ques- tion remains as to where it will end up six months to a year from now. Iraq is expected to start exporting oil within the next three to six months, but OPEC is likely to cut production as a preemptive measure. Outside of energy price volatility, inflation remains benign. The conclusion of the war may encourage business to finally start looking ahead in anticipation. Tax cuts and increased military spending to replenish equipment and supplies are expected to give the economy a boost in the second half of the year. However, we will first have to absorb an abundance of capacity before we see signifi- cant investment. Manufacturing capacity utilization-a measure of how intensively we are using plant and equipment-has averaged 81 % over the past 30 years. Business investment usually kicks into high gear when utilization hits the 80% level. Utilization has been mired below 75% for the past few years and the March 2003 reading is actually down slightly from a year ago. The greatest slack remains in those industries that most enjoyed the boom in capital spending during the 1990s, namely technology, aircraft, and communications. U.S. ECONOMY Recent Quarterly Indicators 2QOI 3QOI 4QOI IQ02 2Q02 3Q02 4Q02 IQ03 CPI-All Urban Consumers (year over year) 3.3% 2.7% 1.6% 1.5% 1.1% 1.5% 2.4% 3.0% PPI-All Commodities (year over year) 1.3% -1.0% -6.0% -4.5% -3.4% -0.8% 3.8% 8.9% Employment Cost-Total Compensation Growth 3.9% 4.1% 4.1% 3.6% 4.4% 2.5% 2.8% 3.1% Manufacturing Output-Productivity Growth -1.0% 2.1% 7.3% 8.6% 1.7% 5.5% 0.8% 1.7% GDP Growth -1.6% -0.3% 2.7% 5.0% 1.3% 4.0% 1.4% 1.6% Manufacturing Capacity Utilization (level%) 75.6 74.5 72.9 73.7 74.3 74.1 73.0 72.9 Consumer Confidence Index (1966=1.000) 0.910 0.886 0.851 0.931 0.941 0.873 0.838 0.800 ,;, ,, ,, "" -'' ". nnr \L JI H\hET' . " CAILAN A._CSOCLi\TES 11 l l l J J A Return to the Bear's Lair The turnaround heralded in the fourth quarter of 2002 did not last long, as world equity markets got off to a slow start in 2003 . Fund sponsors, who were hoping to avoid a third straight losing year, were in the red during the first quarter, as solid gains in the bond market were not enough to offset poor equity market performance. Using the median manager returns from the latest quarter and ending asset allocations from the prior quarter, Callan estimates the recent total returns of the institutional investor community. The adjacent graph illustrates the range of returns for public, corpo- rate, and Taft-Hartley pension plans, as well as endowments/founda- tions, showing losses across the board. The table below compares the returns of the four institutional fund sponsors to several bench- marks over longer periods. Choices in asset allocation explain much of the difference in performance. With the equity markets both at home and abroad registering losses in the first quarter, those fund sponsors with more conservative asset allocations (i .e., less equity exposure) fared better. With an average equity allocation of 50%, the median Taft-Hartley plan had the "best" return, losing 1.11 % in the quarter. With higher levels of equity exposure, public plans (52%) and corporate plans (57%) tied for second place, each posting a 1.79% loss. Endowments/founda- tions (-1.90%) garnered a lower return due to their more aggressive equity allocation (60%). Callan's balanced manager groups generally maintain well-diversi- fied portfolios and attempt to add value by underweighting or over- weighting asset classes, as well as through stock selection. In the recent quarter, both global and domestic balanced managers lagged their static 60% equity and 40% fixed-income benchmarks. Callan Style Group Returns -First Quarter 2003 0.0'} ~----~---~----~----~ .Q5•; ·IQ•; -t 5•,; .3 o·.: Public Plan Corporate Plan Endon/Found Taft-Hardey nataba!ie Oataba!ie Database Uatab~e 10th Pcn:i:n1ilc .Q,63 -097 ·OAO -0 28 25th Pl•rn.:nlilc -1.2~ ·144 ·l.3X ·O.RO McdiJ.11 -1,79 -1 79 -1.90 ·I.II 751h Pm:~ntile -2,1(, -'.:!.25 -2.21 ·I 60 901h Pl·rccnlile -2,CH -2 !W -2.86 -2-26 Average Asset Allocation as of December 31, 2002 • Public Corporate • Endowment/Foundation Taft-Hanley U.S. Equity Non·U.S. U.S. Fixed Non-U.S. Real Estate Alt, Inv Equi1y Fixed Cash DIVERSIFIED ACCOUNT DATABASE Style Median and Index Returns* for Periods ended March 31, 2003 Last Last Last 3 Last 5 Last I 0 Last IS Years Quarter Year Public Database -1.79 -11.00 Co1porare Database -1.79 -11 .92 Endowment/F 01111datio11 Database -1.90 -12.73 Taft-Hartley Database -1 .11 -9.09 Asset Allocator Style -1.70 -14.85 Domestic Balanced Database -1 .59 -11.60 Global Balanced Database -2.38 -10.92 60% S&P 500 + 40% LB Aggregate -1.33 -10.87 60% MSCI World+ 40% Citi World Govt -1.79 -6.11 * Returns less than one year are not annualized. The Capital Markel Re>·icw is published qwu:terly for members of the institutional invest- ment community, both domestic nad intematfonal. The Capital Market Review focuses primarily on the latest quarterly performance of ninrket indices and Callan style groups for each of the major asset classes u ed by institutional investors. Capital Mark~/ Re1·/ew contributors are as follows: Jay Kloepfer, Economy Jim McKee, U.S. Equity, Hedge Funds Greg Deforrest, U.S. Fixed Income Brian Zeiler, Non-U.S. Equity, Non-U.S. Fixed Income Jamie Kuster/Zachary Stassi, Real Estate Years Years Years -5.41 1.03 7.37 -6.21 0.56 8.02 -4.99 1.83 7.72 -3.75 1.65 7.73 -8.61 0.30 7.87 -4.40 1.70 8.18 -5.46 1.90 7.74 -5.84 1.28 8.44 -8.19 -0.32 5.92 Gary Robertson/Craig White, Private Equity Julia Moriany, Diversified Accounts, CMR Performance Data Mary Schaefer, Editor in Chief Tanja Eisenhardt, Publication Layout 8.78 9.57 9.24 9.10 9.86 9.99 9.53 10.22 6.31 Callan Associates Inc. is a privately-held and LOO percent employee-owned firm whose sole business is strategic asset management consulting as an independent, objective third party. Headquartered in San Francisco, Callan also has regional offices in Chicago, Morristown, Atlanta, and Denver. © 2003 Callan Associates Inc. ~l I ~l l l l _j J I _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. 50% 40%- 30% 20%- Vl § 10%- ...... 0% fl) p::: (10%)- Range of Separate Account Manager Returns by Asset Class One Year Ended March 31 2003 (62)r;;;a (33)F?J • (51)~·-===I • ran (10%)- (57)B I I (59), - (30°u)- (40%) -'---------'---------'-------'-------'--------'---------' Domestic Non-US Domestic Non-US Real Cash 10th Percentile 25th Percentile Median 75th Percentile 90th Percentile Index .& Orange County Sanitation District Equity vs S&PSOO (18.24) (21.53) (24.30) (27.22) (31 29) (24 76) Equity Fixed-Income vs vs MSCIEAFE LB AggrBd ( 15.07) 13.37 (20.36) 12.04 (22 62) 10.82 (25.17) 8.06 (17.55) 5.96 (23.23) 11.69 Fixed-Income Estate Equivalents vs vs vs SB Non-US Gov NCREIF Index 3 Mon T-Bills 33.68 12.18 4.35 29.90 8.73 3.07 29.45 7.26 2.06 28.60 4.30 1.79 26.02 (1.20) 1.68 28.95 7.13 1.65 13 l l l l l J J J J J J J J l J Active vs the Index DOMESTIC FIXED-INCOME Active Management Overview The Domestic Fixed-Income market gained steadily through the first quarter of 2003. The meruan Core Bond Fund returned 1.45% in the quarter ended March 31, 2003, 6 basis points above the Lehman Aggregate Index and -0 points below the Lehman Govt/Credit Index. For the one year ended March 31, 2003, the Core Bond Fund returned I I .51 % 18 basis points below the Lehman Aggregate and 189 basis points below the Lehman Govt/Credit. Short vs Long Duration The Extended Maturity Style posted a return of 1.81 % for the quarter ended March 31, 2003, which was 41 basis points above the Intermediate median and 94 basis points above the Defensive median. During the past 12 months, Extended Maturity consistently outperformed its peers, returning 18.89%, 773 basis points above the median Intermediate Fund and l ,199 ba i points above the median Defensive fund. Mortgages and IDgb Yield The Mortgage-BaclCed group median placed close to last returning only 1.07% against its Fixed-Income peers. For one year ended March 31, 2003, the Mortgage-Backed median return of 9.06% ranked sixth within the Domestic Fixed-Income universe. High Yield Funds outperformed all the peer groups, posting a 5.22% return in the first quarter. However, for the year ended March 31, 2003, High Yield was the second worst performer returning only 5.86%. Separate Account Style Group Median Returns Lehman Aggregate: 1.39% for Quarter Ended March 31, 2003 7%,..-~~~~~~~~~~~~~~~~~~~~~~~~~--1.._L_e_hm~an_G_o_vt!~C_re_d_it:~_1_.6_5_%~ Active Cash Defensive Intermed Core Bond Core Plus Extended Maturity Active Duration Mortgage Backed 5.22% High Yield Separate Account Style Group Median Returns for One Year Ended March 31, 2003 Lehman Aggregate: 11.69% 25%..--~~~~~~~~~~~~~~~~~~~~~~~~~--1~L_eh_m_a_n_G_o_vtJ_C_r_e_ill_t:~l-3_.4_0°_Vo~ 0%~-- Active Cash Orange County Sanitation District Defensive Intermed Core Bond Core Plus Extended Active Maturity Duration Mortgage Backed Hi h Yi~d 14 l l l 1 l l J J Asset Class Risk and Return The charts below show the seven and one-half year annualized risk and return for each asset class component of the Total Fund. The first graph contrasts these values with those of the appropriate index for each asset class. The second chart contrasts them with the risk and return of the median portfolio in each of the appropriate CAI comparative databases. In each case, the crosshairs on the chart represent the return and risk of the Total Fund. 7.0% 6.5% ti) 6.0% E .a <1.l ~ 5.5% 5.0% 4.5% Seven And One-Half Year Annualized Risk vs Return Asset Classes vs Benchmark Indices Merrill L ..., 90 Day T-Bills l 4.0% I l 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% 2.0% 2.2% 2.4% 2.6% 2.8% tll ~ .... <1.l ~ 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 0.6% Orange County Sanitation District Standard Deviation Seven And One-Half Year Annualized Risk vs Return Asset Classes vs Asset Class Median I CAI Defensive F-1 Style ...... I Toial Domestic Fixed-Income I ---1 Mone~ Markel Fds DB I ' ' 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% 2.0% 2.2% 2.4% Standard Deviation 15 l -i I l l l J _ J Investment Manager Asset Allocation The table below contrasts the distribution of assets across the Fund's investment managers as of March 31, 2003, with the distribution as of December 31, 2002. The change in asset distribution is broken down into the dollar change due to Net New Investment and the dollar change due to Investment Return. Asset Distribution Across Investment Managers March 31, 2003 December 31, 2002 Market Value Percent Net New Inv. luv. Return Market Value Percent Domestic Fixed Income Long Tenn Operating Fund 324,810,327 86.76% 0 3,687,278 321,123,049 83.31% Liquid Operating Monies 49.552.056 13.24% ( 1 5 .000.000) 209.245 64,342.811 16.69% Total Fund $374,362,384 100.0% $(15,000,000) $3,896,523 $385,465,861 100.0% Orange County Sanitation District 16 l l l 1 J _1 l _j _j J J 1 J ..J J Investment Manager Returns The table below details the rates of return for the plan's investment managers over various time periods ended March 31, 2003. Negative returns are shown in red, positive returns in black. Returns for one year or greater are annualized. The first set of returns for each asset class represents the composite returns for all the fund's accounts for that asset class. Returns for Periods Ended March 31, 2003 Last Last Last Last Last 2 3 7-112 Quarter Year Years Years Years Domestic Fixed Income Long Term Operating Fund 1.15% 8.85% 6.89% 8.08% 6.88% Liquid Operating Monies 0.34% 2.02% 2.92% 4.22% 5.00% Net of Fees 0.31% 1.87% 2.77% 4.07% 4.85% Market Indicators LB 1-5yr Govt/Credit 1.16% 9.42% 7.50% 8.64% 6.81% ML 1-3yr Govt/Corp 0.87% 6.99% 6.32% 7.49% 6.44% ML 1-5yr Govt/Corp 1.13% 9.25% 7.37% 8.54% 6.86% ML 1-5yr G/C excl. BBBs 0.96% 9.19% 7.39% 8.60% 6.86% Treasury Bills 0.30% 1.65% 2.48% 3.74% 4.62% Total Fund 1.01% 7.97% 6.40% 7.64% 6.69% Orange County Sanitation District 17 l l j J l ~.- "' ~ Cl) c:t:: Cl) > ·.g ~ ~ r PIMCO-LIQUID OPERATING MONEY PERIOD ENDED MARCH 31, 2003 II Investment Philosophy The Money Market Funds Database consists of actively managed short term funds. These funds invest in low-risk, highly liquid, short-term financial instruments. Quarterly Summary and Highlights • PIMCO-Liquid Operating Money's portfolio posted a 0.34% return for the quarter placing it in the 1 percentile of the MF -Money Market Funds Database group for the quarter and in the I percentile for the last year. • PIMCO-Liquid Operating Money's portfolio outperformed the 90 Day T-Bills by 0.04% for the quarter and outperformed the 90 Day T-Bills for the year by 0.37%. Quarterly Asset Growth Beginning Market Value $64,342,811 Net New Investment $-15,000,000 Investment Gains/(Losses) $209,245 Ending Market Value $49,552,056 Performance vs MF -Money Market Funds Database 5% 4% (2) I A(I ) (I) J. B(i ! I A(ll ~ (!) _.. Bl I t::::I a 3% 2% 1% (4) ~tJ O%--'------'•L•a•s•to&-=""-=--..,,.---'------,----'------,----L..------'-----.J_----~ Last Last 2 Last 3 Last 5 Last7 Last 7-112 Quarter I 0th Percentile 0.29 25th Percentile 0.25 Median 0.19 75th Percentile 0.12 90th Percentile 0.05 PIMCO-Liqwd Opernting Money •A 0.34 NetofFees •B 0.31 90 Day T-Bills .& 0.30 Year J.50 1.35 1.14 0.88 0.57 2.02 1.87 1.65 Relative Return vs 90 Day T-Bills 0.25% 0.20% 0.15% 0.10% 0.05% 0.00% Years 2.29 2.13 1.94 1.69 1.39 2.92 2.77 2.48 Years Years Years Years "' E ::l .... Cl) c:t:: 3.60 4.26 4.58 4.64 3.45 4.12 4.44 4.50 3.25 3.91 4.23 4.30 3.01 3.69 4.04 4.10 2.74 3.47 3.84 3.91 4.22 4.71 4.94 5 00 4.07 4.56 4.79 4.85 3.74 4.28 4.57 4.62 MF -Money Market Funds Database Annualized Seven And One-Half Vear Risk vs Return 5.5% 1 -.;;;;======;i;;:=;;;;;;;;;;;;;;;-----1 5.0% 4.5% 4.0% 3.5% - 3.0% (0 \0%) I l 2.5% +---..,----,..---~.,..----,.--, ---.----; 95 1996 1997 1998 1999 2000 2001 3 I • PIMCO-Liquid Operating Money J 0.65 0.70 0.75 0.80 0.85 Standard Deviation 0.90 0.95 Orange County Sanitation District 18 l . J I =_; J "' § ..... 11) p::: 11) ;> ·~ ~ p::: PIMCO-LONG TERM OPERATING FUND PERIOD ENDED MARCH 31, 2003 Investment Philosophy Defensive Style managers aim to minimize interest rate risk by investing predominantly in short to intermediate term securities. The average portfolio maturity is typically two to five years. r Quarterly Summary and Highlights • PIMCO-Long Term Operating Fund's portfolio posted a 1.15% return for the quarter placing it in the 15 percentile of the CAI Defensive Fixed-Inc Style group for the quarter and in the 1 percentile for the last year. • PIMCO-Long Term Operating Fund's portfolio outperfoaned the ML 1-5 Govt/Corp by 0.02% for the quarter and underperformed the ML 1-5 Govt/Corp for the year by 0.40%. Quarterly Asset Growth Beginning Market Value $321,123,049 Net New Investment $0 Investment Gains/(Losses) $3,687,278 Ending Market Value $324,810,327 Performance vs CAI Defensive Fixed-Inc Style 12% 10% (I) A I ~t\l 8% ~ (4) A • B(' ~"' 6% 4% 2% (1s)~M 1s? 0% Last Last Last 2 Quarter Year Years I 0th Percentile 1.49 7.36 6.71 25th Percentile 0.97 7.09 6.50 Median 0.87 6.90 6.32 75th Percentile 0.83 6.37 6.02 90th Percentile 0.73 5.46 5.57 PIMCO-Long Term Operali(fi Fund e A l.15 8.85 6.89 ~IL IC 1-5 excl. BBBs •B 0.96 9.19 7.39 ML 1-5 Govt/Corp A l.13 9.25 7.37 Relative Return vs ML 1-5 Govt/Corp l.0% 0.5% 0.0% co.s~ol (I 0%) (I 5%) 95 1997 1999 2000 2002 3 I• P!MCO-Long Term Operating Fund I • B~l) 1\ 'J (1)~~~1 )(2)~"-(' ) 8(2 (3)~~f~ Last 3 Last S Last 7 Last 7-112 Years Years Years Years 7.95 6.80 6.77 6.73 7.67 6.67 6.69 6.66 7.48 6.52 6.52 6.48 7.25 6.35 6.39 6.33 6.55 5.95 6.02 6.10 8.08 6.91 6.94 6.88 8.60 7.03 6.94 6.86 8.54 7.01 6.93 6.86 CAI Defensive Fixed-Inc Style Annualized Seven And One-Half Year Risk vs Return 7.2% ~-------~--------~ 7.0% 6.8% Fund 6.6% Orange County Sanitation District 19 1 l -! LONG TERM OPERATING FUND PORTFOLIO CHARACTERISTICS SUMMARY MARCH 31, 2003 II Portfolio Structure Comparison The charts below compare the structure of the portfolio to that of the index from the three perspectives that have the greatest influence on return. The first chart compares the two portfolios across sectors weights. The second chart compares the portfolios based on duration, duration distribution, duration "dispersion" degree of "barbellness"), and sector weights within duration ranges. The last chart compares the distributions across quality ratings and sector weights within quality cells. Agencies 12% Treasuries 27% CM Os 1% Sector Allocation Mort~ages 13 Yo Long Term Operating Fund Agencies 25% Treasuries 36% Lehman Government/Credit 1-5 Duration Distribution by Sector Weighted Average: Duration Dispersion •Agencies 50% Bar #I :Long Tenn Operating Fund: Bar #2:Lehman Government/Credit 1-5: 2.15 1.98 2.37 1.08 D Asset Backed O CMOs 30% 20% 10% 0% <1.0 1.0-1.5 1.5-2.0 2.0-2.5 2.5-3.0 3.0-3.5 3.5-4.0 Years Duration Quality Distribution by Sector 4.0-4.5 4.5+ 0 Cash •Credit 0 Mortgages D Treasuries 50%-r;::====::r::::====::r::::====::r::====:::i::=====r:==~-r~~--r~~-r~~-r~~-r~~-r~~----i ~~~~~~ 45% Weighted Average: Quality 40% Bar #1 :Long Tenn Operating Fund: Aaa Bar #2:Lehman Government/Credit 1-5: Aal 35%-+<-~~~~~~~~~~~~~~~~----t-~~-+-~~-r-~~-r~~-r~~-~~~----j 30% 25% 20% 15% 10% 5% 0%..U-~~"-'-- Trsy Agcy Aaa Aal Aa2 Aa3 Al A2 A3 Baal Baa2 <Baa2 Moody's Rating •Agencies Asset Backed ~ CMOs D Cash •Credit 0 Mortgages 0 Treasuries * All Statistics shown on the af!:e are dependent on the securities in the portfolio being reco&nized (by their Cusip) and priced. In this case 100° o ofthe securities in the portfolio (by market value) were recogmzed and priced. Orange County Sanitation District 20 1 I l l l j 1 ~J 1 l j J LONG TERM OPERATING FUND PORTFOLIO CHARACTERISTICS DETAIL MARCH 31, 2003 Weighted Average Portfolio Characteristics Total Fund, By Asset Class and By Sector Ending Percent Market of Effective Effective OA OA Sector Value Portfolio Cou on ~aturi Yield Duration =~~C=o=n~·~,xity _Oualitv Total Fund $384,882,206 100.0% 4.43 2.61 2.41 2.15 (0.15) Aaa Asset Backed $337,591 0.1% 6.09 0.46 l.69 0.52 0.01 Aaa A~ncies $47,150,734 12.3% 6.51 2.84 2.09 2.57 C Os $5,432,297 1.4% 5.29 3.30 3.84 5.60 Credit $73,943,595 19.2% 5.43 4.21 3.91 3-46 Mortgages $51,644,899 13.4% 5.86 3.79 4.15 2 85 Treasunes $103,396, 133 26.9% 5.45 3.10 1.73 2.40 Non-Convertible Bonds $281,905,248 73.2% 5.69 3.47 2.85 2.85 O.D7 Agcy 0.34 A~l 0.25 (1.76) Afrcy 0.08 rsy (0.21) Aal Cash Equivalents $102,976,958 26.8% 1.21 0.25 1.21 0.25 0.00 Aaa 5 Largest Holdings Ending Percent Market of Effective OA OA Issuer Name United States Treas Nts United States Treas Nts United States Treas Nts Federal Natl Mtg Assn \. Fnma Tua Apr 15 Single Issue Name 5.75% 11115/05 Dtd 11/ 2/15/07 Dtd 02/15/1997 Nt 3.375% l/15/2007 7.125% 2/15/05 Benchma Se_ctor Treasuries Treasuries Treasuries Agoocies Mrirtgagcs ___Y.alue $64, 123,930 $23,017,887 $17,777,638 $17,219,095 $15,689,063 PortfoliQ 16.7% 6.0% 4.6% 45% 41% 5 Lowest Rated Holdings (Moody's Rating) Ending Percent Market of Issuer nme lsruc Name Sedor Value Portfolio United Airls Pass Thru Trs 6.831% 9/1/08 2001-1 p Credit $336.000 0.1% Pbilip Morris Cos Inc 7.5% 411104 Nt Dtd 04/ Credit $5.340 601 1.4% Virgmia Elec & Pwr Co 5.75% 3131106 2001 Sr Credit $3,799,144 1.0% Ford Mtr Cr Co 6.75% 5115105 Nt Dtd 0 Credit $1,025,500 0.3% Pacificorp Seed Medium Ter 7.3% 10/22/04 Tranche Credit $3 ,246,520 0.8% 5 Longest Duration Holdings Ending Percent Market of _Issuer Name sue Name Sector Value Portfolio Federal Home Ln Mtg Corp M 6% 1115/23 Ser 1620 C CM Os $3,087,252 0.8% General Elcc Cap Co~ Mtn 5. 5% 0 II) 5/2013 Credit $5,235,150 l.4% JP Morgan Chase & o 5.75% 1/02/2.013 Ctobnl Credit $3,142,950 0.8% Cingroup Joe Global Sub Nt Dtd 08/2 Credit $5,361,700 1.4% Venzon Global Fdg Corp 7.375% 911/2012 Credit $3,543,750 0.9% 5 Holdings with Highest Effective Yield Ending Percent Market of lss er Name s ueName Sect2r Value Portfolio United Airls Pass Thru Trs 6.831% 9/1/08 2001-1 p Credit $336,000 0.1% Ford Mtr Cr Co 6.75% 5/15105 Nt Dtd 0 Credit $1,025,500 0.3% Ford Mtr Cr Co 6.7% 7/16/04 Global La Credit $3,099,985 0.8% General Mtrs Accep Corp 6.125% 8/28/2007 Credit $3,076,380 0.8% Fede1-al Home Ln Mtg Corp M 6% 11/15/23 Ser 1620 C CM Os $3,087,252 0.8% Yield_Duratton C_ony_exUy I. 78 2.42 0.07 2.37 3.50 0.14 0.69 0.89 0.00 1.59 I. 77 0.04 4.18 2.98 (I 30) Effective OA OA ield Duration Convei.; 62.29 2.05 0.08 5_19 0.98 O.DI 2.84 2.79 0.09 7.74 1.95 0 05 2,32 1.47 O.Q3 Effective OA OA Yield Duration Convexit~ 5.38 10.21 0.67 4 83 7.75 0.73 5.10 7.62 0.72 4.64 7.57 0.69 4.90 7.21 0.65 Effective OA OA Yield Duration Co e..1Jjy 62.29 2.05 0.08 7 74 1.95 0.05 5.67 1.24 0.02 5.54 3.91 0.18 5,38 10.21 0.67 Quality Trsy Trsy Trsy Agcy Agcy Quali!}' AX~ A2 Aa2 A2 Quality 83 A3 A3 A2 Agcy * All Statistics shown on the page are dependent on the securities in the portfolio being recognized (by their Cusip) and priced. In this case 100% of the securities in the portfolio (by market value) were recognized and priced. Orange County Sanitation District "' II 21 5/14/2003 COMPANY NAME DISNEYLAND RESORT STREMICKS HERITAGE FOODS LLC A Total Volume MG 450.4191 60.2433 ALSTYLE APPAREL-ACTIVEWEAR MFG. CO. INC. 433.7566 SUNDOR BRANDS INC. A PROCTER & GAMBLE C M C P FOODS INC. VAN LAW FOOD PRODUCTS, INC. HOUSE FOODS AMERICA CORPORATION KIMBERLY-CLARK WORLDWIDE, INC. NOR-CAL BEVERAGE CO. INC. (TETRA) KNOTT'S BERRY FARM FOODS NOR-CAL BEVERAGE CO. INC. (MAIN) FULLERTON CULTURED SPECIAL TIES U.S. DYEING & FINISHING INC. CONEXANT SYSTEMS, INC. AERA ENERGY LLC ROYAL TY CARPET MILLS INC. DEAN FOODS CO. OF CALIF. INC(MILK PLANT) SABA TEXTILES INC. B. BRAUN MEDICAL INC. CHROMA SYSTEMS PARTNERS WORLD CITRUS WEST PEPSI-COLA BOTTLING GROUP SEVEN-UP BOTTLING COMPANY BOEING COMPANY (GENERAL FAC) STEPAN COMPANY EXPO DYEING AND FINISHING INC. EL METATE FOODS, INC. SCISOREK & SON FLAVORS, INC. AMERIPEC INC. ST. JOSEPH HOSPITAL DEAN FOODS CO. OF CALIF. INC.(ICE CREAM) FAIRVIEW STATE HOSPITAL CALIFORNIA STATE UNIVERSITY AT FULLERTON ANGELICA TEXTILE SIOUX HONEY ASSOCIATION CO-OP MARUCHAN, INC. JOHN A. THOMAS UWMC HOSPITAL CORPORATION CITY OF ANAHEIM -WATER SERVICES CITY OF TUSTIN WATER SERVICE (17TH ST.) WEYERHAEUSER COMPANY PRECISION ANODIZING AND PLATING INC. 36.8025 21.3997 11.0016 64.3995 414.1119 76.2965 17.7805 29.4730 26.8560 266.5025 610.1060 494.1009 147.4230 33.3400 145.5365 260.0645 178.5378 17.7704 27.7684 17.5293 71.6813 5.1964 102.0456 4.4657 1.0062 25.4239 60.0946 12.3677 44.5279 85.3916 97.7260 2.3434 14.1720 19.3814 34.0269 7.6110 120.5313 13.4847 24.7056 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees B c Total BOD Total TSS lbs lbs 939, 124 939, 124 1,493,459 951,033 1,642,462 1,369,649 971,210 631,655 185,736 664,612 968,676 862,695 779,440 348,563 15,015 53,733 446,773 454,086 185,038 102,517 172,246 336,406 313,390 347,961 150,641 373,396 203,467 145,216 332,976 304,552 125,297 223,995 126,635 71,217 54,716 217,634 155,496 155,499 70,946 95 4,077 80,964 1,689 467,928 387,633 55,737 25,316 411 ,278 299,406 391,097 63,355 52, 128 100, 178 169,625 183,363 50,212 70,213 60,378 160,163 203, 162 51, 143 55,207 79,141 52,055 29,241 143,667 609 41 ,549 211,933 28,463 10,648 125,297 87,368 98,762 53.412 43,556 2,068 27,279 11,477 70,946 163,891 27,192 65,403 122,259 D Vol Chg 2002-3 $282.92 $127,433 $22,702 $122,716 $10,412 $6,054 $3,113 $18,220 $117,161 $21,566 $5,030 $8,339 $7,598 $75,399 $172,611 $139,791 $41,709 $9,433 $41 ,176 $73,563 $50,512 $5,028 $7,856 $4,959 $20,280 $1,470 $28,671 $1,263 $285 $7, 193 $17,002 $3,505 $12,598 $24, 159 $27,649 $663 $4,010 $5,463 $9,627 $2,153 $34,101 $3,815 $6,990 E BOD Chg 2002-3 $190.65 $179,044 $264,728 $161,315 $313,135 $261,124 $185, 161 $158,593 $35,411 $164,838 $184,678 $168,324 $148,600 $66,457 $2,863 $10,244 $85, 177 $86,572 $35,278 $19,545 $32,839 $64, 136 $59,748 $66,339 $28,720 $71,188 $38,795 $27,685 $63,482 $58,063 $23,888 $42,705 $24, 143 $13,577 $10,432 $41,492 $29,645 $29,646 $13,526 $18 $777 $15,436 $322 F TSS Chg 2002-3 $184.55 $173,315 $86,356 $71,538 $10,286 $4,672 $75,901 $55,255 $72,177 $15,383 $9,620 $18,488 $34,995 $33,840 $9,267 $12,956 $11,143 $29,558 $37,494 $9,438 $10,166 $14,606 $9,607 $5,396 $26,514 $112 $7,668 $39, 112 $5,253 $1,965 $23, 124 $16, 127 $18,230 $9,857 $8,039 $382 $5,034 $2,118 $13,093 $30,246 $5,018 $12,070 $22,563 G:lexcel.dtalfin\21 Olstreed\old d copy\STRATPLN\2003-04 permit users for AR.xls G Total Chg 2002-3 $479,792 $393,786 $375,571 $333,834 $271,850 $264, 175 $232,068 $224,749 $201 ,808 $199,329 $195,150 $191,194 $175,696 $184,740 $162,993 $138,029 $125,562 $11 3,947 $102,566 $93,539 $63,769 $77,211 $76,695 $75,514 $72,770 $75,333 $68,061 $69,020 $67,221 $64,013 $62,337 $54,971 $47,594 $46, 119 $42,537 $38,689 $37,247 $36,246 $32,417 $39,896 $31,321 $29,875 H Vol Chg 2003-04 $316.38 $142,504 $25,387 $137,232 $11,644 $6,770 $3,481 $20,375 $131,017 $24,139 $5,625 $9,325 $8,497 $84,316 $193,025 $156,324 $46,642 $10,548 $46,045 $62,286 $56,466 $5,622 $8,785 $5,546 $22,679 $1,644 $32,285 $1,413 $319 $8,044 $19,013 $3,919 $14,088 $27,016 $30,919 $741 $4,484 $6,132 $10,765 $2,408 $38,134 $4,266 $7,816 BOD Chg 2003-04 $233.00 $218,816 $347,976 $221,591 $382,694 $319,128 $226,292 $193,822 $43,277 $201,455 $225,701 $205,714 $181 ,610 $81,220 $3,498 $12,520 $104,098 $105,802 $43, 114 $23,886 $40,133 $78,383 $73,020 $81 ,075 $35,099 $87,001 $47,413 $33,835 $77,583 $70,961 $29, 194 $52, 191 $29,506 $16,593 $12,749 $50,709 $36,231 $36,231 $16,530 $22 $950 $18,865 $394 J TSS Chg 2003-04 $230.14 $216,130 $107,689 $89,210 $12,827 $5,826 $94,652 $68,905 $90,007 $19,183 $11,997 $23,055 $43,640 $42, 199 $11,556 $16, 159 $13,895 $36,860 $46,756 $11,770 $12,705 $18,214 $11,980 $6,730 $33,063 $140 $9,562 $48,774 $6,550 $2,451 $28,836 $20,111 $22,734 $12,292 $10,024 $476 $6,278 $2,641 $16,328 $37,718 $6,258 $15,052 $28,137 Page 1 of 12 K Total Chg 20Q,3-04 $577,449 $481,052 $448,033 $407,165 $331,725 $3.24,424 $283,102 $264,301 $244,777 $243,324 $238,094 $233,747 $207,735 $208,080 $1 85,002 $164,635 $153,210 $135,915 $117,.942 $109,324 $102,218 $93,785 $93,350 $90,841 $88,785 $89,260 $84,022 $84,453 $81,455 $77,043 $76,222 $66,327 $55,902 $53,692 $51,926 $46,992 $45,004 $43,623 $40, 148 $45,342 $38, 183 $36,347 L Total Increase $97,658 $87,266 $72,462 $73,331 $59,875 $60,249 $51,034 $39,552 $42,969 $43,995 $42,944 $42,553 $32,039 $23,339 $22,009 $26,606 $27,648 $21,968 $15,376 $15,785 $18,449 $16,574 $16,656 $15,328 $16,015 $13,926 $15,961 $15,433 $14,234 $13,029 $13,885 $11 ,356 $8,308 $7,573 $9,390 $8,303 $7,757 $7,378 $7,730 $5,445 $6,862 $6,472 high to low 5/14/2003 COMPANY NAME GEORGIA PACIFIC CORPORATION SANMINA CORPORATION STEINER CORP. DBA AMERICAN LINEN SUPPLY SUNCLIPSE, INC. (CORRUGATOR PLANT) UCI MEDICAL CENTER TAC WEST, INC. ANAHEIM MEMORIAL MEDICAL CENTER KU A TEXTILES INC. BOEING CO.-SEMICONDUCTOR JOINT FORCES TRAINING BASE.LOS ALAMITOS GOODWIN COMPANY EL TORO MEAT SHOP ITT CANNON, A DIVISION OF ITT INDUSTRIES LOS ANGELES TIMES COMMUNICATIONS LLC ORANGE COUNTY REGISTER POWER CIRCUITS, INC. ORANGE COUNTY METAL PROCESSING CALIF CONSOLIDATED WATER PURIFICATION WEST ANAHEIM MEDICAL CENTER CLEUGH'S RHUBARB COMPANY SUNCLIPSE, INC. OBA CORRU KRAFT II HOAG MEMORIAL HOSPITAL PRESBYTERIAN GEMINI INDUSTRIES INC. DON MIGUEL MEXICAN FOODS INC. PILKINGTON AEROSPACE KC A ELECTRONICS INC. MARGARETIS TEXTILE SERVICE STEELCASE INC. GOGLANIAN BAKERIES SHEPARD BROTHERS INC. MICROMETALS INC. #2 UNOCAL CORPORATION LA PALMA INTERCOMMUNITY HOSPITAL WILLAMETTE INDUSTRIES INC. HEAL TH CARE APPAREL SERVICES S.B. THOMAS INC. MICRO SEMI CORP. MUL Tl-FINELINE ELECTRONIX INC. WINONICS (BREA) ST. JUDE MEDICAL CENTER AIR INDUSTRIES CORP.-KNOTT ENTHONE INC. A Total Volume MG 7.0132 60.5113 21 .6210 3.7424 24.6375 10.6171 24.3460 11.6955 21.8348 37.5063 8.1710 4.0017 63.6795 10.4097 14.9712 32.4458 20.5521 15.2512 18.8219 5.6441 5.1310 18.2500 5.2064 9.7970 6.9638 49.2322 22.3527 45.4082 6.5012 1.2227 7.6480 54.1821 14.8976 2.0080 15.5639 2.1303 32.1131 20.3149 38.8208 12.7750 11.5559 3.7599 B Total BOD lbs 145,786 70,403 104,004 41,208 51,369 107,218 50,761 40,602 43,480 31,618 90,626 73,560 17,771 91,451 56,755 53,598 596 809 39,244 90,268 33,316 38,051 3,294 65,583 6,035 15,815 22,580 13,934 42,955 78, 176 69,632 6,849 31,061 16,706 33,355 30, 166 17,195 24,556 10,492 26,636 15,386 41,749 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 4,139 13,678 20,470 91,722 51,369 14,944 50,761 66,074 43,480 35,754 13,532 33,662 14,417 10,557 30,986 11,921 76,655 80,498 39,244 6,329 60,701 38,051 97,527 17.482 76,149 13,489 37,986 21,483 33,546 S,656 4,779 6,849 31,061 56,415 21,860 38,606 14,538 21,665 10,492 26,636 37,068 24, 184 D Vol Chg 2002-3 $282.92 $1,984 $17,120 $6,117 $1,059 $6,970 $3,004 $6,888 $3,309 $6,178 $10,611 $2,312 $1,132 $18,016 $2,945 $4,236 $9,180 $5,815 $4,315 $5,325 $1,597 $1,452 $5,163 $1,473 $2,772 $1,970 $13,929 $6,324 $12,847 $1,839 $346 $2,164 $15,329 $4,215 $568 $4,403 $603 $9,085 $5,747 $10,983 $3,614 $3,269 $1,064 E BOD Chg 2002-3 $190.65 $27,794 $13,422 $19,828 $7,856 $9,794 $20,441 $9,678 $7,741 $8,289 $6,028 $17,278 $14,024 $3,388 $17,435 $10,820 $10,219 $114 $154 $7,482 $17,210 $6,352 $7,254 $628 $12,503 $1,151 $3,015 $4,305 $2,656 $8,189 $14,904 $13,275 $1,306 $5,922 $3,185 $6,359 $5,751 $3,278 $4,682 $2,000 $5,078 $2,933 $7,959 F TSS Chg 2002-3 $184.55 $764 $2,524 $3,778 $16,927 $9,480 $2,758 $9,368 $12,194 $8,024 $6,598 $2.497 $6,212 $2,661 $1,948 $5,718 $2,200 $14, 147 $14,856 $7,242 $1, 168 $11,202 $7,022 $17,999 $3,226 $14,053 $2,489 $7,010 $3,965 $6,191 $1,044 $882 $1,264 $5,732 $10,411 $4,034 $7, 125 $2,683 $3,998 $1,936 $4,916 $6,839 $4,463 G:lexcel.dtalfin\21 Olstreedlold d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3. $30,542 $33,066 $29,723 $25,842 $26,244 $26,203 $25,934 $23,244 $22.491 $23,238 $22,087 $21,369 S24,065 $22.329 $20,775 $21,598 $20,075 $19,325 $20,049 $19,974 $19,006 $19,440 $20, 100 $18,501 $17,174 $19.433 $17,639 $19,468 $16,220 $16,294 $16,321 $17,899 $15.869 $14,165 $14,797 $13,479 $15,041 $14,427 $14,920 $13,608 $13,042 $13,486 H Vol Chg 2003-04 $316.38 $2,219 $19,145 $6,840 $1, 184 $7,795 $3,359 $7,703 $3,700 $6,908 $11,866 $2,585 $1,266 $20, 147 $3,293 $4,737 $10,265 $6,502 $4,825 $5,955 $1,786 $1,623 $5,774 $1,647 $3,100 $2,203 $15,576 $7,072 $14,366 $2,057 $387 $2,420 $17,142 $4,713 $635 $4,924 $674 $10, 160 $6,427 $12,282 $4,042 $3,656 $1,190 BOD Chg 2003-04 $233.00 $33,968 $16,404 $24,233 $9,601 $11,969 $24,982 $11,827 $9,460 $10,131 $7,367 $21, 116 $17,139 $4,141 $21,308 $13,224 $12,488 $139 $188 $9, 144 $21,032 $7,763 $8,866 $768 $15,281 $1,406 $3,685 $5,261 $3,247 $10,008 $18,215 $16,224 $1,596 $7,237 $3,893 $7,772 $7,029 $4,006 $5,722 $2.445 $6,206 $3,585 $9,727 J TSS Chg 2003-04 $230.14 $952 $3, 148 $4,711 $21,109 $11,822 $3,439 $11,682 $15,206 $10,007 $8,228 $3,114 $7,747 $3,318 $2,430 $7, 131 $2,744 $17,641 $18,526 $9,032 $1,457 $13,970 $8,757 $22,445 $4,023 $17,525 $3, 104 $8,742 $4,944 $7,720 $1,302 $1,100 $1,576 $7,148 $12,983 $5,031 $8,885 $3,346 $4,986 $2,415 $6,130 $8,529 $5,566 Page 2of12 K Total Chg 2003-04 $37, 140 $38,696 $35,784 $31,894 $31,586 $31,780 $31 ,212 $28,367 $27,046 $27,462 $26,815 $26, 152 $27,605 $27,031 $25,092 $25,497 $24,283 $23,539 $24, 130 $24.275 $23,356 $23,397 $24,860 $22,404 $21, 134 $22,366 $21 ,075 $22,557 $19,786 $19,904 $19,744 $20,314 $19,099 $17,511 $17,727 $16,588 $17,512 $17,135 $17, 142 $16,378 $15,770 $16,483 L Total Increase $6,597 $5,630 $6,061 $6,052 $5,342 $5,577 $5,279 $5, 123 $4,554 $4,224 $4,728 $4,784 $3,541 $4,703 $4,317 $3,899 $4,208 $4,214 $4,081 $4,300 $4,350 $3,957 $4,760 $3,902 $3,960 $2,932 $3,436 $3,089 $3,566 $3,610 $3.423 $2,415 $3,230 $3,347 $2,930 $3,109 $2,465 $2,707 $2,222 $2,770 $2,728 $2,996 high to low 5/14/2003 COMPANY NAME WINONICS, INC. GRANDE TORTILLA INC. S & S POLISHING/PLATING UNIVERSAL CIRCUITS INCORPORATED UNITED YARNS COMPANY, INC. CASE SWAYNE, INC. DYNAMIC DETAILS INC. WEST NEWPORT OIL COMPANY GERARD TILE BECKMAN COULTER, INC. PACKARD-HUGHES INTERCONNECT SYSTEMS VILLA PARK ORCHARDS ASSOCIATION PLACENTIA LINDA COMMUNITY HOSPITAL JEFFERSON SMURFIT CORPORATION (U.S.) U.W.M.C. HOSPITAL CORPORATION TAYCO ENGINEERING, INC. HARTE-HANKS SHOPPERS MCCURDY CIRCUITS, INC. ULTRA WHEEL COMPANY FAIRCHILD FASTENERS TEXTRON AEROSPACE PRIMATEX INDUSTRIES OF CA INC ANAHEIM GENERAL HOSPITAL TREND OFFSET PRINTING SERVICES INC. UNION INCORPORATED ARROWHEAD PRODUCTS CORPORATION VELIE CIRCUITS INC. MARCEL ELECTRONICS INT. IDEAL UNIFORM RENTAL SERVICE BURROWS IND. OBA MINUTEMAN PUMPING PRUDENTIAL OVERALL SUPPLY LOS ALAMITOS GENERAL HOSPITAL TODDS ENTERPRISES CENTURY LAMINATORS INC. CULLIGAN WATER CONDITIONING CAL-AURUM INDUSTRIES INC. COPPER CLAD MUL Tl LAYER PRODUCTS INC. EMBEE INC. #2 IDEAL ANODIZING INC. HAWK INDUSTRIAL UNIFORM S P S TECHNOLOGIES LINFINITY MICROELECTRONICS INC. A Total Volume MG 33.9466 2.1065 17.6328 16.8751 13.2591 9.1525 16.3837 11.1885 3.3057 14.7494 31.6408 1.7451 9.5650 8.3453 9.0171 2.0851 7.2631 14.4135 7.8670 8.1900 12.8491 15.8706 7.6776 7.5966 12.1532 13.4392 21.7595 24.5656 7.7102 5.8124 6.2688 6.8438 2.7962 20.7897 21.3383 22.6959 17.8300 23.0950 6.7268 3.4274 11.3623 19.5700 B Total BOD lbs 18,147 44,602 564 31,025 37,552 40,506 23,383 38,586 4,108 15,963 10,711 3,280 19,943 34,769 18,801 45, 119 29,797 12,858 7,642 17,076 18,742 6,800 16,008 15,839 19,855 11,503 7,205 5,942 17,632 23,449 21,555 14,269 24, 177 4,924 272 1,160 8,522 1, 118 1,163 21,353 8,736 2,842 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 6,360 19, 111 40,240 7,412 5,487 5,722 12,606 2,984 45,503 19,927 6,746 45,442 19,943 8,161 18,801 1,693 9,312 16,519 26,610 17,076 7,623 15,302 16,008 15,839 8,329 12,225 5,672 3,427 12,092 8,681 10,820 14,269 11 ,049 4,432 8,086 3,560 2,268 2,247 21,247 4,577 6,845 2,206 D Vol Chg 2002-3 $282.92 $9,604 $596 $4,989 $4,774 $3,751 $2,589 $4,635 $3, 165 $935 $4,173 $8,952 $494 $2,706 $2,361 $2,551 $590 $2,055 $4,078 $2,226 $2,317 $3,635 $4,490 $2, 172 $2, 149 $3,438 $3,802 $6,156 $6,950 $2,181 $1,644 $1,774 $1,936 $791 $5,882 $6,037 $6,421 $5,044 $6,534 $1,903 $970 $3,215 $5,537 E BOD Chg 2002-3 $190.65 $3,460 $8,503 $107 $5,915 $7, 159 $7,722 $4,458 $7,356 $783 $3,043 $2,042 $625 $3,802 $6,629 $3,584 $8,602 $5,681 $2,451 $1,457 $3,256 $3,573 $1,296 $3,052 $3,020 $3,785 $2, 193 $1,374 $1,133 $3,361 $4,471 $4,109 $2,720 $4,609 $939 $52 $221 $1,625 $213 $222 $4,071 $1,665 $542 F TSS Chg 2002-3 $184.55 $1,174 $3,527 $7,426 $1,368 $1,013 $1,056 $2,326 $551 $8,398 $3,678 $1,245 $8,386 $3,680 $1,506 $3,470 $312 $1,718 $3,049 $4,911 $3, 151 $1,407 $2,824 $2,954 $2,923 $1,537 $2,256 $1,047 $632 $2,232 $1,602 $1,997 $2,633 $2,039 $818 $1,492 $657 $418 $415 $3,921 $845 $1,263 $407 G:lexcel dtalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $14,238 $12,626 $12,522 $12,057 $1 1,923 $11,368 $1 1.420 $11.073 $10, 116 $10,894 $12,239 $9,505 $10,189 $10,496 $9,605 $9,504 $9,454 $9,578 $8,594 $8,724 $8,615 $8,610. $8,178 $8,092 $8,761 $8,251 $8,577 $8,715 $7,775 $7,717 $7,880 $7,290 $7,440 $7,639 $7,581 $7,299 $7,088 $7,162 $6,046 $5,885 $6, 143 $6,486 H Vol Chg 2003-04 $316.38 $10,740 $666 $5,579 $5,339 $4,195 $2,896 $5,183 $3,540 $1,046 $4,666 $10,011 $552 $3,026 $2,640 $2,853 $660 $2,298 $4,560 $2,489 $2,591 $4,065 $5,021 $2,429 $2,403 $3,845 $4,252 $6,884 $7,772 $2,439 $1,839 $1,983 $2,165 $885 $6,577 $6,751 $7, 181 $5,641 $7,307 $2, 128 $1,084 $3,595 $6,192 BOD Chg 2003-04 $233.00 $4,228 $10,392 $131 $7,229 $8,750 $9,438 $5,448 $8,991 $957 $3,719 $2,496 $764 $4,647 $8,101 $4,381 $10,513 $6,943 $2,996 $1,781 $3,979 $4,367 $1,584 $3,730 $3,690 $4,626 $2,680 $1,679 $1,384 $4, 108 $5,464 $5,022 $3,325 $5,633 $1,147 $63 $270 $1,986 $261 $271 $4,975 $2,035 $662 J TSS Chg 2003-04 $230.14 $1,464 $4,398 $9,261 $1,706 $1,263 $1,317 $2,901 $687 $10,472 $4,586 $1,553 $10,458 $4,590 $1,878 $4,327 $390 $2,143 $3,802 $6,124 $3,930 $1,754 $3,522 $3,684 $3,645 $1 ,917 $2,813 $1,305 $789 $2,783 $1,998 $2,490 $3,284 $2,543 $1,020 $1,861 $819 $522 $517 $4,890 $1,053 $1,575 $508 Page 3of12 K Total Chg 2003-04 $16,432 $15,457 $14,971 $14,274 $14,207 $13,650 $13,533 $13,217 $12,475 $12;972 $14,059 $11,774 $12,263 $12,620 $11.560 $11,562 $11,383 $11,358 $10,394 $10,500 $10, 186 $10, 127 $9,843 $9,739 $10,388 $9,746 $9,869 $9,945 $9,331 $9,300 $9,496 $8,774 $9,061 $8,745 $8,675 $8,270 $8,149 $8,084 $7,289 $7,113 $7,206 $7,361 L Total Increase $2, 194 $2,831 $2,448 $2,216 $2,284 $2,283 $2,113 $2,145 $2,359 $2,078 $1,820 $2,269 $2,074 $2, 124 $1,955 $2,058 $1,929 $1,780 $1,800 $1,776 $1,571 $1,517 $1,665 $1,647 $1,627 $1,494 $1,292 $1,230 $1,556 $1,583 $1,616 $1,484 $1,621 $1,106 $1,094 $971 $1,061 $923 $1,243 $1,228 $1,062 $876 high to low 5/14/2003 COMPANY NAME NELCO PRODUCTS, INC. CARGILL INC. UOP COOPER AND BRAIN INC. FULLERTON FOODS-OSCAR MAYER FOODS CO ANAHEIM MEMORIAL MEDICAL CENTER -WEST ALPHANETICS INC. FROZSUN FOODS, INC. STATEK CORPORATION DELPHI AUTOMOTIVE SYSTEMS KIRKHILL RUBBER CO (SOUTH) ARNOLD ELECTRONICS, INC. #1 HIXSON METAL FINISHING DYE TECHNIQUE INC. AIR INDUSTRIES CORP. (CHAPMAN) ASTECH MANUFACTURING INC. JOHNSON CONTROLS BATTERY INC. COLUMBIA HUNTINGTON BEACH HOSPITAL FABRICATION CONCEPTS CORPORATION CONTINUOUS COATING CORPORATION BRINDLE/THOMAS OIL COMPANY J.R. & D INC. DUCOMMUN AEROSTRUCTURES ELECTROLURGY INC. WEST AMERICAN RUBBER COMPANY INC. CIRTECH INC. ANODYNE INC. ELECTRONIC PRECISION SPECIAL TIES INC. SOLDER STATION ONE INC. -WEST I C N PHARMACEUTICALS INC. ARTISTIC PLATING & METAL FINISHING INC. BRISTOL INDUSTRIES RICOH ELECTRONICS #2 PIONEER CIRCUITS EMBEE INC. #1 JONATHAN MANUFACTURING CORP. MEDTRONIC HEART VALVES, INC. MONOGRAM SYSTEMS SOUTHERN CALIFORNIA EDISON COSMOTRONIC CORPORATION UNIVERSAL ALLOY CORP. DERM COSMETICS LAB'S INC. A Total Volume MG 14.7821 4.4876 2.4374 16.5687 6.8181 4.9275 12.1232 2.5021 3.5812 12.4876 4.7765 12.7707 16.4457 10.4011 1.8805 17.6119 12.0868 4.3800 6.2408 15.0683 2.1900 2.3661 8.0778 11.6743 6.7943 6.6467 10.9589 12.7574 9.1414 8.1930 11.4569 9.0225 3.5439 9.5534 14.5871 3.5390 3.7900 5.7550 4.6771 4.8467 6.3683 0.3472 B Total BOD lbs 5,459 16,298 24,194 1,658 9,160 10,274 8,052 16,095 15,812 4,691 9,490 3,120 1,032 8,415 13,669 1,955 4,215 9,132 8,666 1,135 20,347 10,869 7,665 1,152 6,685 6,459 1,929 1,003 5,026 5,082 2,561 3,780 10,807 4,795 835 10,291 8,396 5,841 7,089 11 ,512 5,218 9,684 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 5,459 6,427 1,283 4,560 9,160 10,274 2,342 6,209 5,051 4,862 9,380 5,512 2,894 4,648 8,259 1,955 4,562 9,132 7,193 3,558 603 8,604 4,626 7,923 6,685 6,610 5,590 4,177 4,512 5,082 3,269 5,043 5,910. 3,238 835 5,000 7,692 6,407 6,463 2,791 5,218 8,185 D Vol Chg 2002-3 $282.92 $4,182 $1,270 $690 $4,688 $1,929 $1 ,394 $3,430 $708 $1,013 $3,533 $1,351 $3,613 $4,653 $2,943 $532 $4,983 $3,420 $1 ,239 $1,766 $4,263 $620 $669 $2,285 $3,303 $1,922 $1,880 $3,100 $3,609 $2,586 $2,318 $3,241 $2,553 $1,003 $2,703 $4,127 $1,001 $1 ,072 $1,628 $1,323 $1,371 $1,802 $98 E BOD Chg 2002-3 $190.65 $1,041 $3,107 $4,613 $316 $1,746 $1 ,959 $1,535 $3,068 $3,015 $894 $1,809 $595 $197 $1,604 $2,606 $373 $804 $1,741 $1,652 $216 $3,879 $2,072 $1,461 $220 $1,274 $1,231 $368 $191 $958 $969 $466 $721 $2,060 $914 $159 $1,962 $1,601 $1,114 $1,352 $2,195 $995 $1,846 F TSS Chg 2002-3 $184.55 $1,007 $1,186 $237 $842 $1,691 $1 ,896 $432 $1,146 $932 $897 $1,731 $1,017 $534 $858 $1,524 $361 $842 $1,685 $1,328 $657 $111 $1 ,588 $854 $1,462 $1,234 $1 ,220 $1,032 $771 $833 $938 $603 $931 $1,091 $598 $154 $923 $1,420 $1,182 $1, 193 $515 $963 $1,510 G:\excel.dta\fin\21 O\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $6,230 $5,563 $5,539 $5,845 $5,366 $5,249 $5,397 $4,922 $4,960 $5,325 $4,892 $5,225 $5,384 $5,405 $4,662 $5,716 $5,065 $4,666 $4,74.'.i $5,136 $4,610 $4,329 $4,601 $4,985 $4,430 $4,332 S4,500 $4,571 $4,377 $4,225 $4,333 $4,204 $4,154 $4,215 $4,440 $3,886 $4,093 $3,924 $3,868 $4,081 $3,759 $3,455 H Vol Chg 2003-04 $316.38 $4,677 $1,420 $771 $5,242 $2,157 $1 ,559 $3,836 $792 $1, 133 $3,951 $1,511 $4,040 $5,203 $3,291 $595 $5,572 $3,824 $1 ,386 $1,974 $4,767 $693 $749 $2,556 $3,694 $2,150 $2,103 $3,467 $4,036 $2,892 $2,592 $3,625 $2,855 $1, 121 $3,023 $4,615 $1,120 $1 ,199 $1,821 $1,480 $1,533 $2,015 $110 BOD Chg 2003-04 $233.00 $1 ,272 $3,797 $5,637 $386 $2, 134 $2,394 $1,876 $3,750 $3,684 $1 ,093 $2,211 $727 $240 $1,961 $3, 185 $455 $982 $2,128 $2,019 $264 $4,741 $2,532 $1,786 $268 $1,557 $1,505 $449 $234 $1,171 $1, 184 $597 $881 $2,518 $1,117 $195 $2,398 $1 ,956 $1,361 $1 ,652 $2,682 $1,216 $2,256 J TSS Chg 2003-04 $230.14 $1,256 $1,479 $295 $1 ,049 $2, 108 $2,364 $539 $1 ,429 $1, 162 $1 ,119 $2, 159 $1 ,269 $666 $1 ,070 $1,901 $450 $1,050 $2,102 $1 ,655 $819 $139 $1 ,980 $1 ,065 $1 ,823 $1,538 $1,521 $1,286 $961 $1,038 $1,170 $752 $1,161 $1 ,360 $745 $192 $1, 151 $1 ,770 $1,475 $1,487 $642 $1 ,201 $1,884 Page 4of12 K Total Chg 2003-04 $7,205 $6,696 $6,704 $6,678 $6,400 $6,317 $6,251 $5,971 $5,980 $6,163 $5,881 $6,036 $6,11 0 $6,321 $5,681 $6,477 $5,856 $5,615 $5,649 $5,851 $5.572 $5,261 $5,406 $5,785 $5,245 $5,129 $5,203 $5,231 $5, 101 $4,946 $4,974 $4,896 $4,999 $4,885 $5,002 $4,668 $4,926 $4,656 $4,619 $4,858 $4,431 $4,250 L Total Increase $975 $1, 133 $1,165 $833 $1,034 $1 ,068 $853 $1 ,048 $1,020 $838 $989 $811 $726 $916 $1,018 $761 $791 $950 $904 $714 $962 $932 $806 $801 $815 $797 $703 $660 $724 $721 $641 $692 $846 $670 $561 $782 $833 $732 $751 $777 $672 $795 high to low 5/14/2003 COMPANY NAME CATALINA CYLINDERS A DIV. OF APP ALUMINUM FORGE -DIV. OF ALUM. PRECISION PRECISION RESOURCE, CALIFORNIA DIVISION BRIDGFORD FOODS CORPORATION WEIDMANN WATER CONDITIONERS, INC. CREST COATING INC. AP W ENCLOSURE SYSTEMS LLC SOUTH INTEC PRODUCTS INC. L & N UNIFORM SUPPLY CO. INC.(WAREHOUSE) MEAD PACKAGING ANOMIL ENT. DBA DANCO METAL SURFACING FULLERTON PLATING EMBEE INC. #3 ACCURATE METAL FABRICATORS INC. PLATECORP #2, INC. BREA COMMUNITY HOSPITAL CHAPMAN MEDICAL CENTER NEWPORT CORPORATION SVG THERMCO SYSTEMS INC. ALUMINUM PRECISION PRODUCTS INC.-SUSAN FUTURE TECHNOLOGY DETAILS INC #3, DBA DYNAMIC DETAILS INC. CAMBRO MANUFACTURING TUSTIN HOSPITAL AND MEDICAL CENTER EATON CORPORATION HYATT DIE CASTING & ENGINEERING CORP. DATA ELECTRONIC SERVICES INC. B I TECHNOLOGIES, INC. ARROWHEAD PURITAS WATERS (R/O REJECT) PANEL CONCEPTS INC. SANTAANA PLATING MARKLAND MANUFACTURING, INC. COASTLINE METAL FINISHING CORP. PRO-TECH OMNI METAL FINISHING, INC. DONG PHUONG TOFU INTEGRATED AEROSPACE, INC. PC A METAL FINISHING, INC. HAMILTON MATERIALS SPEEDY CIRCUITS, FACILITY #2 HARTWELL CORPORATION PRINTRONIX, INC. A Total Volume MG 7.1849 3.4055 4.3735 10.1391 5.4666 3.0720 4.0854 5.6341 5.4639 2.1577 5.6670 8.5731 10.0162 3.5061 7.6584 2.7375 2.7375 5.5577 2.7000 6.0653 5.6915 10.5543 3.9216 2.7183 3.0641 2.3278 3.9182 4.4032 5.5100 4.5220 6.4546 5.2878 6.6595 2.8454 6.6953 0.5346 4.0871 4.9676 1.6075 4.7617 2.3366 2.8432 B Total BOD lbs 3,961 3,014 7,575 2,033 343 8,755 3,237 319 5,539 6,319 511 73 1,810 5,627 2,534 5,708 5,708 4,767 5,630 2,412 2,420 465 4,472 5,668 2,775 7,857 6,992 3,566 1,812 2,607 2,000 2,520 1,174 4,413 1,206 9,865 3,401 2,166 2,923 3,465 4,067 3,865 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 5,132 11 ,953 4,238 2,033 8,959 3,780 7,826 8,547 3,693 4,729 7,450 4,488 1,012 5,049 2,948 5,708 5,708 3,988 5,630 4,304 4,677 465 4,472 5,668 6,901 2,164 622 3,256 3,418 3,586 1,605 2,520 2,112 3,471 1,638 937 3,401 2,304 5,535 946 3,269 3,375 D Vol Chg 2002-3 $262.92 $2,033 $963 $1,237 $2,669 $1,547 $869 $1, 156 $1,594 $1,546 $610 $1,660 $2,426 $2,834 $992 $2,167 $774 $774 $1,572 $764 $1 ,716 $1,610 $2,986 $1,109 $769 $873 $659 $1, 109 $1 ,246 $1 ,559 $1,279 $1,626 $1,496 $1,884 $805 $1,894 $151 $1, 156 $1,405 $455 $1,347 $661 $604 E BOD Chg 2002-3 $190.65 $755 $575 $1,444 $388 $65 $1,669 $617 $61 $1 ,056 $1,586 $97 $14 $345 $1 ,073 $483 $1,068 $1 ,088 $909 $1,073 $460 $461 $89 $853 $1,081 $529 $1,498 $1,333 $680 $345 $497 $381 $480 $224 $841 $230 $1,881 $648 $413 $557 $664 $775 $737 F TSSChg 2002-3 $184.55 $947 $2,206 $782 $375 $1 ,653 $698 $1,445 $1,577 $681 $873 $1,375 $828 $187 $932 $544 $1 ,053 $1 ,053 $736 $1 ,039 $794 $863 $86 $825 $1 ,046 $1,274 $399 $115 $601 $631 $662 $296 $465 $390 $641 $339 $173 $628 $425 $1,b21 $175 $603 $623 G:\excel.dta\fin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $3,735 $3,744 $3,464 $3,631 ' $3,266 ' $3,236 $3,21 8 $3,232 $3,283 $3,069 $3, 132 $3,268 $3,365 $2,996 $3, 194 $2,916 $2,916 $3,217 $2,876 $2,970 $2,935 $3,160 $2,788. $2,896 $2,675 $2,556 $2,556 $2,527 $2,535 $2,438 $2,504 $2,442 $2,496 $2,287 $2,463 $2,205 $2,432 $2,244 $2,034 $2, 186 $2,040 $2,164 H Vol Chg 2003-04 $316.38 $2,273 $1,077 $1,384 $3,208 $1,730 $972 $1,293 $1 ,783 $1 ,729 $683 $1,856 $2,712 $3, 169 $1, 109 $2,423 $866 $866 $1,758 $854 $1 ,919 $1 ,801 $3,339 $1,241 $860 $976 $736 $1,240 $1 ,393 $1,743 $1,431 $2,042 $1,673 $2, 107 $900 $2,118 $169 $1,293 $1,572 $509 $1,507 $739 $900 BOD Chg 2003-04 $233.00 $923 $702 $1,765 $474 $80 $2,040 $754 $74 $1 ,291 $1,938 $119 $17 $422 $1,311 $590 $1,330 $1 ,330 $1, 111 $1,312 $562 $564 $108 $1,042 $1,321 $647 $1,831 $1,629 $831 $422 $607 $466 $587 $274 $1,028 $281 $2,299 $792 $505 $681 $812 $948 $901 J TSS Chg 2003-04 $230.14 $1,181 $2,751 $975 $468 $2,062 $870 $1,802 $1 ,967 $850 $1 ,088 $1,715 $1,033 $233 $1 ,162 $679 $1,314 $1,314 $918 $1,296 $991 $1,076 $107 $1,029 $1 ,304 $1,588 $498 $143 $750 $787 $825 $369 $580 $486 $799 $423 $216 $783 $530 $1,274 $218 $752 $777 Page 5of12 K Total Chg 2003-04 $4,377 $4,531 $4,124 $4, 149 $3,872 $3,882 $3,848 $3,824 $3,869 $3,709 $3,690 $3,762 $3,823 $3,58.2 .S3,692 $3,510 $3,510 $3,787 $3,461 $3,472 $3,441 $3,554 $3,312 $3,485 $3,211 $3,065 $3,012 $2,974 $2,952 $2,863 $2,878 $2,840 $2,866 $2,727 $2,822 $2,683 $2,868 $2,607 $2,464 $2,536 $2,439 $2,577 L Total Increase $642 $787 $660 $518 $606 $646 $631 $592 $586 $640 $558 $495 $458 $586 $498 $594 $594 $570 $585 $501 $506 $394 $525 $569 $535 $509 $456 $447 $417 $425 $374 $399 $369 $440 $359 $476 $436 $363 $430 $350 $399 $413 high to low 5/14/2003 COMPANY NAME TOYOTA RACING DEVELOPMENT PACIFIC QUARTZ, INC. AP W ENCLOSURE SYSTEMS, LLC PLEION CORPORATION #2 R B C TRANSPORT DYNAMICS CORP_ BLACK OXIDE INDUSTRIES INC. ACCURATE CIRCUIT ENGINEERING RALPHS GROCERY COMPANY (BAKERY) BEARING INSPECTION INC. Y K K (U.S.A) INC. AM F ELECTRONICS INC. STEVENS METAL FINISHING, INC. TAYLOR-DUNN MANUFACTURING COMPANY AMERICAN CIRCUIT TECHNOLOGY INC. MAGNETIC METALS CORPORATION ACTIVE PLATING INC. ORANGE RESOURCE RECOVERY SYSTEMS ANO D'ART, INC. RICOH ELECTRONICS INC. MURRIETTA CIRCUITS INC. S M T DYNAMICS LLC CERADYNE INC. (MACHINE SHOP) REVERE TRANSDUCERS, INC. ALUMINUM PRECISION PRODUCTS INC. CENTRA AMETEK AEROSPACE 0 C B REPROGRAPHICS BURLINGTON ENGINEERING INC. ORANGE COUNTY PLATING CO., INC. BA F INDUSTRIES TAORMINA INDUSTRIES INC. #4 L & N UNIFORM SUPPLY COMPANY,INC.(CLEAN) RAINBOW DISPOSAL CO., INC. ALLIED PACIFIC METAL STAMPING MORTON INTERNATIONAL ALMATRON ELECTRONICS, INC. PRIME TECHNOLOGIES, INC. CHROME TECHNOLOGY, INC. BAZZ HOUSTON CO. VERTEQ PROCESS SYSTEMS INC. MASK TECHNOLOGY INC. CENTURY CIRCUIT SERVICES MILBANK WEST INC. A Total Volume MG 1.9884 1.6697 2.8923 3.5065 2.1675 5.8769 1.8284 1.7875 1.6625 5.0427 3.6776 4.8049 1.7050 4.0483 1.5807 5.5755 0.4718 4.9479 3.2640 3.2471 1.6886 1.3397 2.4990 1.5704 1.5314 1.6250 1.2675 4.2196 2.2747 2.2374 1.0595 1.4976 0.6675 3.5609 2.6648 3.7436 3.7358 3.3170 2.0404 1.6123 4.1890 1.8327 8 Total BOD lbs 4,146 2,225 4,386 2,373 2,958 1,051 6,282 3,727 3,539 1,633 2,251 845 3,585 1,352 5,849 1,142 6,060 346 3, 111 1,701 3,413 5,178 3,405 5,338 3,193 3,388 5,905 1,235 4,503 2,277 3,053 3,122 5,079 1,965 2,557 2,769 915 1,859 2,541 3,287 679 2,525 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 4,146 5,662 1,979 2,973 4,021 1,336 1,246 3,727 3,981 1,633 2,575 2,475 3,551 2,788 1,451 1,097 2,487 2,459 2,384 3,156 3,402 2,438 2,648 1,103 3,193 3,388 850 1,710 919 3,079 3,736 3,122 2,166 2,118 2,073 984 2,125 1,690 2,575 2,296 1,608 2,321 D Vol Chg 2002-3 $282.92 $563 $472 $818 $992 $613 $1,663 $517 $506 $470 $1,427 $1,040 $1,359 $482 $1,145 $447 $1,577 $133 $1,400 $923 $919 $478 $379 $707 $444 $433 $460 $359 $1,194 $644 $633 $300 $424 $189 $1,007 $754 $1,059 $1,057 $938 $577 $456 $1,185 $519 E BOD Chg 2002-3 $190.65 $790 $424 $836 $452 $564 $200 $1,198 $711 $675 $311 $429 $161 $683 $258 $1,115 $218 $1,155 $66 $593 $324 $651 $987 $649 $1,018 $609 $646 $1,126 $235 $858 $434 $582 $595 $968 $375 $487 $528 $174 $354 $484 $627 $129 $481 F TSS Chg 2002-3 $184.55 $765 $1 ,045 $365 $549 $742 $246 $230 $688 $735 $301 $475 $457 $655 $515 $268 $202 $459 $454 $440 $582 $628 $450 $489 $204 $589 $625 $157 $316 $170 $568 $690 $576 $400 $391 $383 $182 $392 $312 $475 $424 $297 $428 G:\excel.dtalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $2,118 $1 ,941 $2,020 $1,993 $1,919 $2,109 $1,945 $1 ,904 $1,880 $2,039 $1,945 $1 ,977 $1,821 $1,918 $1,830 $1,998 $1,748 $1,920 $1,956 $1 ,825 $1 ,756 $1,816 $1,845 $1,666 $1,631 $1,731 $1,641 $1 ,745 $1,672 $1,635 $1 ,571 $1,595 $1 ,557 $1,773 $1,624 $1,769 $1,623 $1,605 $1,537 $1 ,507 $1,611 $1,428 H Vol Chg 2003-04 $316.38 $629 $528 $915 $1,109 $686 $1,859 $578 $566 $526 $1 ,595 $1, 164 $1 ,520 $539 $1 ,281 $500 $1,764 $149 $1,565 $1,033 $1,027 $534 $424 $791 $497 $485 $514 $401 $1,335 $720 $708 $335 $474 $211 $1,127 $843 $1, 184 $1,182 $1,049 $646 $510 $1,325 $580 BOD Chg 2003-04 $233.00 $966 $518 $1,022 $553 $689 $245 $1,464 $868 $825 $381 $524 $197 $835 $315 $1,363 $266 $1,412 $81 $725 $396 $795 $1,207 $793 $1,244 $744 $789 $1 ,376 $288 $1,049 $530 $711 $728 $1,183 $458 $596 $645 $213 $433 $592 $766 $158 $588 J TSS Chg 2003-04 $230.14 $954 $1,303 $455 $684 $925 $307 $287 $858 $916 $376 $593 $570 $817 $642 $334 $252 $572 $566 $549 $726 $783 $561 $609 $254 $735 $780 $196 $393 $212 $709 $860 $719 $498 $487 $477 $226 $489 $389 $593 $528 $370 $534 Page 6of12 K Total Chg 2003-04 $2,549 $2,350 $2,392 $2,347 $2,300 $2,412 $2,329 $2,292 $2,267 $2,:l52 $2,281 $2,287 $2,192 $2,237 $2, 197 $2,283 $2,133 $2,212 $2,306 $2,150 $2,112 $2,191 $2,193 $1,994 $1,963 $2,083 $1,972 $2,016 $1 ,980 $1,947 $1,906 $1,920 $1 ,893 $2,072 $1,916 $2,056 $1,884 $1,872 $1 ,830 $1,804 $1,854 $1,702 L Total Increase $431 $408 $373 $353 $381 $302 $384 $388 $387 $312 $336 $309 $371 $320 $367 $285 $386 $292 $350 $325 $356 $375 $349 $329 $332 $352 $331 $271 $309 $312 $335 $325 $336 $299 $292 $287 $261 $267 $293 $298 $242 $274 high to low . 5/14/2003 COMPANY NAME EXCELLO CIRCUITS MANUFACTURING CORP. TRIM-LOK I R.T.P. T R W-LUCAS AEROSPACE.BREA SOUTH COAST CIRCUITS #2 SUNCLIPSE INC. INTERCEM CORPORATION CITY OF TUSTIN, WATER SERVICE (MAIN ST.) GOLDENWEST LAUNDRY & VALET SERVICES INC WATERMAN ECONOLITE CONTROL PRODUCTS INC. WEBER PRECISION GRAPHICS ULTRA PURE METAL FINISHING, INC. BRIGHT ARMOUR PLATING ANAHEIM PLATING & POLISHING INC. SOUTH COAST CIRCUITS, INC. CYTEC FIBERITE INC. -MIX HOUSE FOAMEX LP. CANNON EQUIPMENT WEST INC. NEVILLE CHEMICAL COMPANY BONO TECHNOLOGIES INC. CALIFORNIA CUSTOM SHAPES, INC. ESSEX GROUP INC. RAYNE WATER SYSTEMS SCIENTIFIC SPRAY FINISHES, INC. AMERIMAX BUILDING PRODUCTS INC. All METALS PROCESSING OF 0 .C. INC. LEACH INTERNATIONAL CLASSIC PLATING INC. GRAPHIC PACKAGING CORP. Y2K TEXTILE CO., INC. CARTEL ELECTRONICS CAL-TRONICS CIRCUIT INC. -SANTA ANA ALLOY DIE CASTING CO. TRIPLE A CONTAINERS INC. CITY OF HUNTINGTON BEACH FIRE DEPARTMEN HIGHTOWER PLATING & MANUFACTURING CO. GUNTHER ATHLETIC SERVICE ELECTROSERVICES 2000 INC. TRI-STAR ENGINEERED PRODUCTS, INC. BALI Oil COMPANY SUNSET ENVIRONMENTAL, INC. #2 KRYLER CORPORATION A Total Volume MG 3.9787 3.4401 1.6926 2.1332 1.2486 1.0544 5.5262 4.7161 5.0813 1.3798 1.0879 3.7257 3.6804 3.4187 2.4427 1.2172 1.1950 1.8547 2.7022 1.8748 2.1650 1.6026 3.8155 1.7541 2.5048 1.0400 2.4050 3.2568 0.9828 0.9818 2.4280 2.0917 1.0518 0.5148 2.3159 2.6995 1.7949 2.9695 1.7283 2.8369 2.0580 3.2167 B Total BOD lbs 1,684 1,376 2,536 977 3,335 3,797 19 489 230 2,820 4,368 471 275 1,403 1,707 2,372 2,384 1,863 2,002 1,903 780 1,888 230 2,396 544 2,168 707 777 2,047 2,047 1.486 2,301 1,907 1,069 1,217 117 1,317 887 1,942 0 1,220 338 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 465 1,376 2,382 3,296 2,031 1,801 433 489 230 2,228 971 1,376 1,607 749 1,547 2,380 2,394 1,986 818 1,903 2,340 1,957 1,219 1,162 1,843 2,168 1,860 649 2,048 2,047 746 274 1,894 3,295 946 1,462 1,329 163 632 1, 136 1,220 338 D Vol Chg 2002-3 $282.92 $1, 126 $973 $479 $604 $353 $298 $1,563 $1,334 $1,438 $390 $308 $1,054 $1,041 $967 $691 $344 $338 $525 $765 $530 $613 $453 $1,079 $496 $709 $294 $680 $921 $278 $278 $687 $592 $298 $146 $655 $764 $508 $840 $489 $803 $582 $910 E BOD Chg 2002-3 $190.65 $321 $262 $483 $186 $636 $724 $4 $93 $44 $538 $833 $90 $52 $268 $325 $452 $455 $355 $382 $363 $149 $360 $44 $457 $104 $413 $135 $148 $390 $390 $283 $439 $364 $204 $232 $22 $251 $169 $370 $0 $233 $64 F TSS Chg 2002-3 $184.55 $86 $254 $440 $608 $375 $332 $80 $90 $43 $411 $179 $254 $297 $138 $285 $439 $442 $367 $151 $351 $432 $361 $225 $214 $359 $400 $343 $120 $378 $378 $138 $51 $349 $608 $175 $270 $245 $30 $117 $210 $225 $62 G:lexcel.dta\fin\210\streedlold d copy\STRATPLN\2003-04 permit users for AR.xJs G Total Chg 2002-3 $1 ,533 $1 ,490 $1.402 $1,398 $1 ,364 $1,355 $1,647 $1,518 $1 ,524 $1 ,339 $1,320 $1 ,398 $1,390 $1,373 $1 ,302 $1 ,236 $1 ,234 $1 ,247 $1,297 $1,244 $1 ,193 $1,175 $1,348 $1 , 168 $1, 171 $1, 108 $1,1 56 $1,189 $1,046 $1,046 $1,108 $1 ,081 $1 ,011 $958 $1,062 $1,056 $1.004 $1 ,039 $976 $1,012 $1,040 $1,037 H Vol Chg 2003-04 $31 6.38 $1,259 $1,088 $536 $675 $395 $334 $1 ,748 $1,492 $1,608 $437 $344 $1,179 $1, 164 $1,082 $773 $385 $378 $587 $855 $593 $685 $507 $1,207 $555 $792 $329 $761 $1,030 $311 $311 $768 $662 $333 $163 $733 $854 $568 $939 $547 $898 $651 $1,018 BOD Chg 2003-04 $233.00 $392 $321 $591 $228 $777 $885 $4 $114 $54 $657 $1,018 $110 $64 $327 $398 $553 $555 $434 $466 $443 $182 $440 $54 $558 $127 $505 $165 $181 $477 $477 $346 $536 $444 $249 $284 $27 $307 $207 $452 $0 $284 $79 J TSS Chg 2003-04 $230.14 $107 $317 $548 $758 $468 $414 $100 $112 $53 $513 $224 $317 $370 $172 $356 $548 $551 $457 $188 $438 $538 $450 $281 $267 $447 $499 $428 $149 $471 $471 $172 $63 $436 $758 $218 $336 $306 $38 $146 $261 $281 $78 Page 7of12 K Total Chg 2003-04 $1,758 $1,726 $1,675 $1,661 $1,640 $1,633 $1,852 $1,718 $1,714 $1,606 $1,58'5 $1,605 $1,598 $1,581 $1,526 $1,486 $1,484 $1,478 $1,510 $1,474 $1,405 $1,397 $1,541 $1,381 $1,366 $1,333 $1,354 $1,361 $1,259 $1,259 $1,286 $1,261 $1,213 $1,170 $1,234 $1,218 $1,181 $1,184 $1,145 $1 ,159 $1,216 $1,174 l Total Increase $226 $236 $273 $263 $276 $278 $205 $201 $190 $267 $266 $207 $208 $208 $225 $250 $250 $232 $213 $230 $212 $223 $193 $213 $195 $225 $195 $171 $213 $213 $178 $180 $202 $213 $172 $162 $176 $144 $169 $147 $176 $137 high to low 511412003 COMPANY NAME KODAK PROCESSING LABS TIODIZE COMPANY, INC. AS M COMPANY INC. GARG-OIL PRODUCTION LLC SOLDER STATION ONE INC. -EAST ANAHEIM EXTRUSION CO. INC. SEMICOA SEMICONDUCTORS AUTO-CHLOR SYSTEM OF WASHINGTON, INC. I TT JABSCO PRODUCTS LINGO INDUSTRIES INC. PAYTON TECHNOLOGY CORP CRAZY SHIRTS INC. ORANGE CONTAINER, INC. P C E INDUSTRY, INC. SOUTH BAY CHROME SALES/CHROME EFFECTS DUNHAM METAL PROCESSING CADILLAC PLATING PICOFARAD INC. LINDBERG HEAT TREATING CO.-ALUMATHERM OLYMPIC POWDER COATINGS INC. REID METAL FINISHING ALL TEK CIRCUIT INC_ NEWPORT METAL FINISHING INC. RT I ELECTRONICS, INC. QUALITY ALUMINUM FORGE SECHRIST INDUSTRIES, INC. S DC CIRCUITS HARBOR TRUCK BODIES INC. I C N BIOMEDICALS, INC. MILLETT INDUSTRIES STAINLESS MICRO-POLISH INC. PLEGEL OIL COMPANY (BLATTNER -A.HA) F M H INVESTORS GROUP DANONE WATERS OF N. A. -SANTAANA CROCKETT CONTAINER CORP. ANAHEIM TRUCK DEPOT #2 BIN WASH LAM LIGHTING INC. CUSTOM ENAMELERS INC. GRANT PISTON RINGS DIV. OF FRON KINSBURSKY BROTHERS SUPPLY INC. ELECTRORACK PRODUCTS CO. INC. A & A DEBURRING & TUMBLING INC. A Total Volume MG 0.8625 2.9349 0.8253 3.5859 2.7311 1.5997 1.3688 0.1336 0.7813 0.9672 0.8051 0.8125 0.7307 1.0332 2.1373 0.9162 2.0139 0.9541 0.7524 1.5126 1.4669 2.0473 1.2127 0.6777 0.7280 0.6640 1.6588 0.7093 2.3262 0.9839 1.9255 2.4323 1.2105 0.6250 0.6175 0.6163 0.6796 1.1852 0.6018 0.9982 0.5685 0.4257 B Total BOD lbs 1,798 488 1,721 0 898 1,105 1,471 4,080 1,629 93 1,564 1,694 1,246 613 688 762 817 1,047 1,425 945 1,381 967 1,063 1,410 1,361 1,354 1, 141 1,375 407 1,643 551 203 1, 101 1,303 1,287 1,285 1,254 790 1,249 948 1,288 1,444 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 1,798 488 1,721 0 143 1,319 1,426 87 1,629 2,803 1,568 1,694 1,946 2,109 688 1,983 592 1,657 1,408 91 5 547 447 1, 134 1,409 1,391 1,380 364 1,286 407 616 508 223 1,039 1,303 1,287 1,285 1,214 1,037 1,246 1,032 1, 161 1, 182 D Vol Chg 2002-3 $282.92 $244 $830 $233 $1 ,015 $773 $453 $387 $38 $221 $274 $228 $230 $207 $292 $605 $259 $570 $270 $213 $428 $415 $579 $343 $192 $206 $188 $469 $201 $658 $278 $545 $688 $342 $177 $175 $174 $192 $335 $170 $282 $161 $120 E BOD Chg 2002-3 $190.65 $343 $93 $328 $0 $171 $211 $280 $778 $311 $18 $298 $323 $238 $117 $131 $145 $156 $200 $272 $180 $263 $164 $203 $269 $259 $258 $218 $262 $78 $313 $105 $39 $210 $248 $245 $245 $239 $151 $238 $181 $245 $275 F TSS Chg 2002-3 $184.55 $332 $90 $318 $0 $26 $243 $263 $16 $301 $517 $289 $313 $359 $389 $127 $366 $109 $306 $260 $169 $101 $82 $209 $260 $257 $255 $67 $237 $75 $114 $94 $41 $192 $240 $238 $237 $224 $191 $230 $191 $214 $218 G:\excel.dtaltin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $919 $1,013 $879 $1,01~ $970 $907 $931 $832 $832 $809 $815 $865 $803 $798 $863 $770 $835 $775 $744 $777 $779 $846 $755 $721 $722 $701 $754 $7·00 $811 $705 $743 $768 $744 $666 $658 $656 $655 $677 $638 $654 $621 $614 H Vol Chg 2003-04 $316.38 $273 $929 $261 $1,135 $864 $506 $433 $42 $247 $306 $255 $257 $231 $327 $676 $290 $637 $302 $238 $479 $464 $648 $384 $214 $230 $210 $525 $224 $736 $311 $609 $770 $383 $198 $195 $195 $215 $375 $190 $316 $180 $135 BOD Chg 2003-04 $233.00 $419 $114 $401 $0 $209 $257 $343 $951 $380 $22 $364 $395 $290 $143 $160 $177 $190 $244 $332 $220 $322 $225 $248 $328 $317 $315 $266 $320 $95 $383 $128 $47 $257 $304 $300 $299 $292 $184 $291 $221 $300 $336 J TSS Chg 2003-04 $230.14 $414 $112 $396 $0 $33 $304 $328 $20 $375 $645 $361 $390 $448 $485 $158 $456 $136 $381 $324 $211 $126 $103 $261 $324 $320 $318 $84 $296 $94 $142 $117 $51 $239 $300 $296 $296 $279 $239 $287 $238 $267 $272 Page 8of12 K Total Chg 2003-04 $1,106 $1 , 155 $1 ,058 $1 , 135 $1, 106 $1,067 $1,104 $1,013 $1,002 $973 $980 $1 ,042 $969 $955 $995 $924 $964 $927 $894 $909 $912 $976 $892 $867 $868 $843 $875 $841 $924 $836 $854 $868 $879 $801 $792 $790 $786 $798 $768 $774 $747 $743 L Total Increase $187 $1 41 $179 $120 $1 36 $160 $173 $181 $169 $164 $165 $176 $166 $157 $1 32 $153 $129 $152 $150 $132 $132 $130 $137 $147 $145 $142 $120 $141 $114 $131 $111 $100 $135 $136 $134 $134 $131 $120 $130 $121 $126 $129 high to low . 5/14/2003 COMPANY NAME DITTY DRUM COMPANY, INC. DATA SOLDER SERVICES SANMINA CORPORATION NEWPORT PRECISION OPTICS CORP. GARDNER LITHOGRAPH, INC. GALLADE CHEMICAL INC. SUNSET ENVIRONMENTAL, INC. #1 H. KOCH & SONS COMPANY PRECISION PAINTING CEROMET INC. CITY OF NEWPORT BEACH SANMINA CORPORATION (AIRWAY) SANMINA CORPORATION (REDHILL) MEDEVA PHARMACEUTICALS CA, INC. GEORGE A. JONES, IMPERIAL #2 WELL FINELINE CIRCUITS & TECHNOLOGY INC. LACEY CUSTOM LINENS SUPERIOR FORGE INC. LOS ALAMITOS ECONO-WASH NOLLAC OIL COMPANY AVIATION EQUIPMENT STRUCTURES, INC. H.B. OIL OPERATIONS TRUST LA HABRA PLATING CO. INC. DAE SHIN USA, INC. BASIC ELECTRONICS, INC. TROY SYSTEMS INC. SUPERIOR PLATING THERMAL-VAC TECHNOLOGY UNITED CIRCUIT TECHNOLOGY INC. GENERAL ELECTRIC INTERNATIONAL INC. JELLCO CONTAINER INC. SOUTH COAST OIL CORPORATION MONARCH PRECISION DEBURRING COMPANY CAPRO OIL COMPANY GENERAL CONTAINER CORPORATION IMPERIAL CONTAINERS & DISPLAY INC. MARK OPTICS INC. AQUA-CON COMPANY ELECTRON PLATING Ill INC. PERFORMANCE POWDER, INC. ROCK INDUSTRIES, INC. CHEEK ENGINEERING & STAMPING A Total Volume MG 1.5734 1.2748 2.0469 0.7966 1.3430 1.3717 0.5850 1.4306 0.8738 0.5332 2.2632 0.5200 0.5200 1.0737 1.5136 0.8123 1.0565 1.0513 2.0842 1.7580 0.5027 0.8317 1.8453 0.4500 0.5150 0.4900 1.3786 1.2684 0.7023 0.8276 0.4160 1.7892 1.4173 1.7514 0.4397 0.3601 0.3432 1.2147 0.9713 0.8223 0.4399 0.7028 B Total BOD lbs 225 1,377 109 996 685 299 1,220 587 830 1,112 14 1,084 1,084 864 341 1,438 952 672 0 88 1,048 874 81 938 1,455 980 363 119 929 628 867 0 217 0 829 707 435 52 210 519 1,094 879 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c TotalTSS lbs 911 136 392 1,054 685 1,013 1.220 587 1,002 1, 112 14 1,064 1,084 606 555 334 426 672 0 279 1,046 555 81 938 364 '977 312 675 521 626 867 0 217 0 739 934 1,139 429 566 415 320 298 D Vol Chg 2002-3 $282.92 $445 $361 $579 $225 $380 $388 $166 $405 $247 $151 $640 $147 $147 $304 $428 $230 $299 $297 $590 $497 $142 $235 $522 $127 $146 $139 $390 $359 $199 $234 $118 $506 $401 $496 $124 $102 $97 $344 $275 $233 $124 $199 E BOD Chg 2002-3 $190.65 $43 $263 $21 $190 $131 $57 $233 $112 $158 $212 $3 $207 $207 $165 $65 $274 $161 $128 $0 $17 $200 $167 $16 $179 $277 $187 $69 $23 $177 $120 $165 $0 $41 $0 $158 $135 $63 $10 $40 $99 $209 $168 F TSS Chg 2002-3 $184.55 $168 $25 $72 $194 $126 $187 $225 $108 $185 $205 $3 $200 $200 $112 $103 $62 $79 $124 $0 $51 $193 $102 $15 $173 $67 $180 $58 $125 $96 $116 $160 $0 $40 $0 $136 $172 $210 $79 $104 $77 $59 $55 G:lexcel.dtalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $656 $648 $672 $610 $637 $632 $623 $625 $590 $568 $645 $554 $554 $560 $596 $565 $559 $550 $590 $566 $535 $504 $553 $479 $490 $506 $517 $506 $472 $470 $443 $506 $482 $496 $419 $409 $390 $433 $419 $406 $392 $421 H Vol Chg 2003-04 $316:38 $498 $403 $646 $252 $425 $434 $185 $453 $276 $169 $716 $165 $165 $340 $479 $257 $334 $333 $659 $556 $159 $263 $584 $142 $163 $155 $436 $401 $222 $262 $132 $566 $448 $554 $139 $114 $109 $384 $307 $260 $139 $222 BOD Chg 2003-04 $233.00 $52 $321 $26 $232 $159 $70 $284 $137 $193 $259 $3 $253 $253 $201 $79 $335 $222 $157 $0 $20 $244 $204 $19 $219 $339 $228 $85 $28 $216 $146 $202 $0 $51 $0 $193 $165 $101 $12 $49 $121 $255 $205 J TSS Chg 2003-04 $230.14 $210 $31 $90 $243 $158 $233 $281 $135 $231 $256 $3 $250 $250 $140 $128 $77 $98 $155 $0 $64 $241 $128 $19 $216 $84 $225 $72 $155 $120 $144 $200 $0 $50 $0 $170 $215 $262 $99 $130 $96 $74 $69 Page 9of12 K Total Chg 2003-04 $760 $755 $763 $727 $742 $737 $750 $724 $700 $684 $722 $667 $667 $681 $686 $669 $654 $644 $659 $641 $644 $594 $621 $577 $586 $608 $592 $584 $559 $553 $533 $566 $549 $554 $502 $494 $472 $495 $487 $477 $468 $496 L Total Increase $104 $107 $91 $117 $105 $105 $127 $99 $110 $116 $77 $113 $113 $100 $90 $103 $95 $94 $70 $75 $109 $90 $69 $98 $95 $102 $76 $78 $87 $83 $90 $60 $66 $59 $84 $85 $82 $62 $67 $68 $76 $74 high to low 5/14/2003 COMPANY NAME PRECON, INC. SELECT CIRCUITS AQUARIAN COATINGS CORPORATION CIRCUIT TECH INC. DATA AIRE INC. #2 SOUTH COAST CIRCUITS #3 PRECISION CIRCUITS WEST INC. SOLDERMASK, INC. HIGH TECH COATINGS, INC. SF CRITERION MACHINE WORKS RIGIFLEX TECHNOLOGY INC. INDEPENDENT FORGE PT C INDUSTRIES, INC. KENLEN SPECIALITIES INC. ALLOY TECH ELECTROPOLISHING INC. SPIVECO, INC. CEMPI INDUSTRIES INC. I P C CAL FLEX INC. PACIFIC UTILITY PRODUCTS INC. ALTA BELLWOOD HOSPITALS INC. SHIPLEY COMPANY LLC DANONE WATERS OF N. A -ANAHEIM POWDERCOAT SERVICES INC. #4 VICTORY CIRCUITS INC. LOG! GRAPHICS, INC. POWDERCOAT SERVICES INC. #3 AR 0 SERVICE J-TRON INC. D & S CUSTOM PLATING INC. ADVANCE TECH PLATING INC. PRECISION POWDERCOATING INC. PRECIOUS METALS PLATING CENTRAL POWDER COATING HOAG MEMORIAL HOSPITAL PRESBYTERIAN WILLIAM J. scon M.S. BELLOWS SOUTH COAST OIL COMPANY NUEVO ENERGY COMPANY (H.B.) HIGH-TECH COATINGS, INC. J & H DEBURRING INC. #2 SANTANA SERVICES IMPERIAL PLATING A Total Volume MG 0.3773 1.2177 0.7831 0.7505 0.3250 0.3250 1.0045 0.6405 0.3259 0.4363 0.8303 0,3000 0.4004 0.5690 0.6806 0.3017 0.3092 0.2756 0.6225 0.2738 0.2678 0.2656 0.5310 0.3460 0.6583 0.6253 0.2275 0.2781 0.3964 0.5553 0.2503 0.5944 0.4486 0.1994 0.8319 0.1895 0.5116 0.2864 0.2154 0.1690 0.4684 0.6530 B Total BOD lbs 1,016 190 546 457 678 678 248 509 966 573 352 626 642 410 250 868 560 575 358 571 558 554 299 820 295 214 474 628 271 285 569 160 295 416 0 531 98 284 484 352 34 12 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c Total TSS lbs 421 190 320 437 678 678 248 429 346 573 265 626 444 420 433 299 560 575 354 571 558 554 458 155 179 270 474 198 375 134 226 190 232 416 0 265 277 302 189 352 275 61 D Vol Chg 2002-3 $282.92 $107 $345 $222 $212 $92 $92 $284 $181 $92 $123 $235 $85 $113 $161 $193 $85 $87 $78 $176 $77 $76 $75 $150 $98 $186 $177 $64 $79 $112 $157 $71 $168 $127 $56 $235 $54 $145 $81 $61 $48 $133 $185 E BOD Chg 2002-3 $190.65 $194 $36 $104 $87 $129 $129 $47 $97 $184 $109 $67 $119 $122 $78 $48 $165 $107 $110 $68 $109 $106 $106 $57 $156 $56 $41 $90 $120 $52 $54 $109 $30 $56 $79 $0 $101 $19 $54 $92 $67 $7 $2 F TSS Chg 2002-3 $184.55 $78 $35 $59 $81 $125 $125 $46 $79 $64 $106 $49 $115 $82 $77 $80 $55 $103 $106 $65 $105 $103 $102 $85 $29 $33 $50 $88 $37 $69 $25 $42 $35 $43 $77 $0 $49 $51 $56 $35 $65 $51 $11 G:\excel.dtalfin\210\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis G Total Chg 2002-3 $378 $416 $385 $380 $346 $346 $377 $357 $340 $339 $351 $320 $318 $317 $320 $306 $298 $294 $310 S292 $285 $283 $292 $283 $275 $267 $242 $235 $233 $236 $221 $234 $226 $212 $235 $204 $215 $191 $1 1!8 $180 $190 $1 98 H Vol Chg 2003-04 $316.38 $119 $385 $248 $237 $103 $103 $318 $203 $103 $138 $263 $95 $127 $180 $215 $95 $98 $87 $197 $87 $85 $84 $168 $109 $208 $198 $72 $88 $125 $176 $79 $188 $142 $63 $263 $60 $162 $91 $68 $53 $148 $207 BOD Chg 2003-04 $233.00 $237 $44 $127 $107 $158 $158 $58 $119 $225 $134 $82 $146 $150 $96 $58 $202 $131 $134 $83 $133 $130 $129 $70 $191 $69 $50 $111 $146 $63 $67 $133 $37 $69 $97 $0 $124 $23 $66 $113 $82 $8 $3 J TSS Chg 2003-04 $230.14 $97 $44 $74 $100 $156 $156 $57 $99 $80 $132 $61 $144 $102 $97 $100 $69 $129 $132 $81 $131 $129 $127 $105 $36 $41 $62 $109 $46 $86 $31 $52 $44 $53 $96 $0 $61 $64 $70 $44 $81 $63 $14 Page 10of12 K Total Chg 2003-04 $453 $473 $449 $444 $417 $417 $433 $420 $408 $404 $406 $385 $379 $372 $373 $366 $357 $353 $362 $351 $343 $341 $343· $336 $318 $310 $292 $280 $275 $273 $264 $269 $264 $256 $263 $245 $249 $226 $225 $217 $220 $223 L Total Increase $75 $57 $64 $64 $70 $70 $55 $63 $68 $65 $55 $65 $61 $56 $53 $60 $60 $60 $52 $59 $58 $58 $51 $53 $43 $42 $49 $45 $42 $37 $43 $35 $38 $43 $28 $41 $34 $35 $36 $37 $30 $25 high to low " 5/14/2003 COMPANY NAME KC A ELECTRONICS, INC. A & R POWDER COATING INC. ELECTRO METAL FINISHING CORPORATION TRANSLINE TECHNOLOGY INC. /RV/NE SENSORS CORP. EFT FAST QUALITY SERVICE, INC. A & G ELECTROPOLISH MORAVEK BIOCHEMICALS INC. STRIP CLEAN COMPANY HOANG CLEANERS PIER OIL COMPANY K SOLDERING, INC. DBA QUALITY SOLDERING POWDERCOAT SERVICES INC. #1 POWDERCOAT SERVICES INC. #2 BOEING COMPANY -BLDG. 271 ROTO-D/E COMPANY INC. BASIN MARINE INC. RENAL RESEARCH INSTITUTE, LLC SIERRA SPRING WATER COMPANY O'DONNELL OIL COMPANY NUEVO ENERGY COMPANY (BREA) SUPERIOR PROCESSING SOUTH COAST WATER RAILMAKERS, INC. WINTEC, LLC MTS MICROELECTRONICS INC. ALL METAL PAINT STRIPPING INC. #2 UNITED CUSTOM POLISHING & PLATING AERA ENERGY LLC #2 EXQUISITE DESIGNS INC. ENGINEER/NG PLATING CORPORATION NU-TEC POWDER COATING COLUMBINE ASSOCIATES J KL MANUFACTURING INC. #2 TECHPLATE ENGINEERING CO. INC. OLIVE OIL CO. SHERWIN D. YOEL/N SF PP, LP. TOWN & COUNTRY LAUNDRY LAM-PLATE TECH INC. ARCO PETROLEUM PRODUCTS COMPANY PACIFIC IMAGE TECHNOLOGY, INC. A Total Volume MG 0.1560 0.4238 0.1652 0.4246 0.2822 0.3956 0.3143 0.3247 0.5621 0.6147 0.6124 0.4067 0.1462 0.1316 0.4440 0.1941 0.1188 0.1170 0.1170 0.4631 0.1027 0.3279 0.1014 0.0975 0.0995 0.0855 0.0465 0.1444 0.0821 0.3086 0.3333 0.0780 0.2837 0.1404 0.0604 0.1207 0.2114 0.0548 0.2237 0.1378 0.0548 0.0703 B Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c D E F G H Vol Chg BOD Chg TSS Chg Vol Chg Total BOD Total TSS 2002-3 2002-3 2002-3 Total Chg 2003-04 lbs _ _..:,:lb.::.s _-l-~$2:::8:.=2:..:.9~2 __ ..:::$..:..19=-=0c:c.6:..:5_ -~$_18_4_.5_5 __ ....::2:..:;0.::.:02=--.::..3 -·•---=~=.1.:..:6:.:.:.3:..:8:__ 325 325 $44 $62 $60 $166 $49 127 184 $120 $24 $34 $178 $134 327 303 $4 7 $62 $56 $165 $52 150 150 $120 $29 $28 $176 $134 263 263 $80 $50 $46 $178 $89 257 65 $112 $49 $12 $173 $125 234 174 $89 $45 $32 $166 $99 196 196 $92 $37 $36 $165 $103 59 12 $159 $11 $2 $172 $176 0 0 $174 $0 $0 $174 $194 0 0 $173 $0 $0 $17S $194 139 113 $115 $26 $21 $162 $129 279 280 $41 $53 $52 $146 $46 274 274 $37 $52 $51 $140 $42 35 100 $126 $7 $19 $151 $140 203 203 $55 $39 $38 $131 $61 248 248 $34 $47 $46 $127 $38 244 244 $33 $47 $45 $125 $37 244 244 $33 $47 $45 $125 $37 0 0 $131 $0 $0 $131 $147 214 21 4 $29 $41 $40 $109 $32 86 93 $93 $16 $17 $126 $104 211 211 $29 $40 $39 $108 $32 203 203 $28 $39 $38 $104 $31 207 207 $28 $40 $38 $106 $31 178 178 $24 $34 $33 $91 $27 146 244 $13 $28 $45 $86 $15 113 156 $41 $21 $29 $91 $46 171 171 $23 $33 $32 $87 $26 27 27 $87 $5 $5 $97 I $98 8 8 $94 $1 $1 $97 $105 163 163 $22 $31 $30 $83 $25 0 0 $80 $0 $0 $80 $90 143 37 $40 $27 $7 $74 $44 104 135 $17 $20 $25 $62 $19 76 76 $34 $15 $14 $63 $38 19 19 $60 $4 $4 $67 $67 114 114 $16 $22 $21 $58 $17 0 0 $63 $0 $0 $63 $71 53 53 $39 $10 $10 $59 $44 104 104 $16 $20 $19 $55 $17 93 93 $20 $18 $17 $55 $22 G:lexcel.dtalfin\21 O\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis BOD Chg 2003-04 $233.00 $76 $30 $76 $35 $61 $60 $55 $46 $14 $0 $0 $32 $65 $64 $8 $47 $58 $57 $57 $0 $50 $20 $49 $47 $48 $42 $34 $26 $40 $6 $2 $38 $0 $33 $24 $18 $4 $27 $0 $12 $24 $22 J TSS Chg 2003-04 $230.14 $75 $42 $70 $35 $60 $15 $40 $45 $3 $0 $0 $26 $64 $63 $23 $47 $57 $56 $56 $0 $49 $21 $49 $47 $48 $41 $56 $36 $39 $6 $2 $37 $0 $8 $31 $18 $4 $26 $0 $12 $24 $21 Page 11of12 K Total Chg 2003-04 $200 $206 $198 $204 $211 $200 $1.94 $193 $194 $194 $1 84 $187 $176 $169 $172 $156 $152 $150 $150 $147 $132 $145 $130 $125 $128 $110 $105 $108 $105 $110 $109 $100 $90 $86 $74 $73 $76 $70 $71 $68 $66 $65 L Total Increase $34 $28 $33 $27 $33 $27 $28 $28 $22 $21 $20 $25 $29 $29 $21 $24 $26 $25 $25 $15 $22 $19 $22 $21 $22 $19 $19 $17 $18 $13 $12 $17 $9 $12 $13 $11 $9 $12 $7 $9 $11 $11 high to low 5/14/2003 A B Total Volume Total BOD COMPANY NAME MG lbs PETROPRIZE 0.1966 0 HUNTINGTON GARDENS CENTER 0.1840 0 CIRCUIT ACCESS 0.0406 85 ALEXANDER OIL COMPANY 0.1760 0 WESCO SERVICES 0.0631 94 PURE-CHEM PRODUCTS COMPANY INC. 0.0355 73 COIN LAUNDRY C/O FRANZ LIEM 0.1505 0 BRINDLE/THOMAS 0.1460 0 ADVANCE TECH PLATING INC. #2 0 0330 69 ACROBURR INC. #2 0.0707 43 MUNOZ COIN LAUNDRY 0.1375 0 ENGRAVERS INK CO 0.0554 32 X Z X ELECTRONICS 0.0552 41 CIRCUIT CENTER 0.1065 6 HANSON-LORAN CO., INC. 0.0260 54 WALKER CUSTOM COATING 0.0252 53 HI-TECH STENCILS 0.0278 50 CITY OF TUSTIN -MAINTENANCE YARD 0.0211 44 EDWARDS LIFESCIENCES LLC 0.0212 39 GOMTECH ELECTRONICS 0.0163 34 VEECO ELECTRO FAB INC. #2 0.0169 30 SIGNAL ASSOCIATES 0.0615 0 STAR POWDER COATING 0.0198 17 S & COIL CORPORATION 0.0255 0 K J ENTERPRISES, LLC 0.0180 0 W. M. ELLIOTT 0.0174 0 WILVIAN JEWELL RENNER 0.0032 0 Total 6,821 20,ns,456 Average per Permit User 14 42,486 Average per day 19 66,919 Rate Change Impact on Permit Users 2000-01 Quantities, 2002-03 Rates and 2003-04 Rates Before Credits for Property Taxes or Sewer Service Fees c D E F Vol Chg BOD Chg TSS Chg Total TSS 2002-3 2002-3 2002-3 lbs $282.92 $190.65 $184.55 0 $56 $0 $0 0 $52 $0 $0 85 $11 $16 $16 0 $50 $0 $0 54 $18 $18 $10 73 $10 $14 $14 0 $43 $0 $0 0 $41 $0 $0 69 $9 $13 $13 45 $20 $8 $8 0 $39 $0 $0 65 $16 $6 $12 41 $16 $8 $8 6 $30 $1 $1 54 $7 $10 $10 53 $7 $10 $10 51 $8 $10 $9 44 $6 $8 $8 39 $6 $7 $7 34 $5 $6 $6 27 $5 $6 $5 0 $17 $0 $0 12 $6 $3 $2 0 $7 $0 $0 0 $5 $0 $0 0 $5 $0 $0 0 $1 $0 $0 G Total Chg 2002-3 $56 $52 $43 $50 $46 $38 $43 $41 $35 $37 $39 $34 $31 $32 $28 $27 $27 $22 $21 $17 $16 $17 $11 $7 $5 $5 $1 8,332,938 $1.929,763 $3,960,841 $1,537,844 $7,428,448 17,041 $3,946 $8,100 $3,145 $15,191 22,830 $5,287 $10,852 $4,213 $20,352 G:\excel.dtalfin\21 O\streed\old d copy\STRATPLN\2003-04 permit users for AR.xis Page 12of12 H J K L Vol Chg BOD Chg TSS Chg 2003-04 2003-04 2003-04 Total Chg Total $316.38 $233.00 $230.14 2003-04 Increase $62 $0 $0 $62 $7 $58 $0 $0 $58 $6 $13 $20 $19 $52 $9 $56 $0 $0 $56 $6 $20 $22 $12 $54 $9 $11 $17 $17 $45 $8 $48 $0 $0 $48 $5 $46 $0 $0 $46 $5 $10 $16 $16 $42 $7 $22 $10 $10 $43 $6 $44 $0 $0 $44 $5 $18 $7 $15 $40 $6 $17 $9 $9 $36 $5 $34 $1 $1 $36 $4 $8 $13 $12 $33 $6 $8 $12 $12 $32 $5 $9 $12 $12 $32 $5 $7 $10 $10 $27 $5 $7 $9 $9 $25 $4 $5 $8 $8 $21 $4 $5 $7 $6 $19 $3 $19 $0 $0 $19 $2 $6 $4 $3 $13 $2 $8 $0 $0 $8 $1 $6 $0 $0 $6 $1 $6 $0 $0 $6 $1 $1 $0 $0 $1 $0 $2, 157,990 $4,840,681 $1,917,742 $8,916,414 $1 ,487,966 $4,413 $9,899 $3,922 $18,234 $5,043 $5,912 $1 3,262 $5,254 $24,429 $4,077 high to low Q) SOURCE: The AMSA 2002 Financial Survey, dated February 27, 2003 (Association of Metropolitan Sewerage Agencies) OVERLAY: Orange County Sanitation District (OCSD) Proposed Single-Family Residential (SFR) User Rates for the Next Five Years Figure 2: Ranked Distribution of 2002 Service Charges $600 I Responses of 216 Agencies I $550 $500 - $450 ~ ~ $400 u Q) 0 / ~ I ·-$350 c: Q) en ~ ~ -~ $300 ..... c: Q) "O -~ $250 0:: ca g $200 c: <( $150 $100 $50 $0 AMSA2( 02 Surve 1: Avera~ eAnnual Service C harge ~ _.. of 216 ~gencies = $244 . .-MM ..... ~ -~--q:?j 17 FY 2007-08 . .- $181 JIJ..~ ""'?nnA.n7 -_r-$151 1 2005-06 $126 FY -l=V"'nn• ru::: -f1 ~" ,., $87.50 I =y 2003-04 FY 2002 03 A OCSD Proposed SFR User Rate by Fiscal Year I I I 0 10 20 30 40 50 60 70 80 90 Percent of Service Charges Less Than Value ) J - 100 OCSD -Home Page -Microsoft Internet Explorer 1-_ 1 of 3 jkdl:-~n a:l-- ~t/µ_=s , .Fft--lti-/(_ c.pu.: (_ fr'::; Ble ~t )[tew Fa,vorites Iools l::idp ,J *-Back • -+ ..... @ ~ ~I ~Search C!lFavorttes Proposed Increase to Sewer Service Charges The Orange County Sanitation District Board of Directors will hold a public hearing on Wednesday, June 25, 2003 to lll••liii.,.llllii• consider your input on the proposed rate change, The hearing will be held at 7:00 p.m. in the OCSD Board Room, 10844 Ellis Avenue, Fountain Valley. mnr.:-. infot rn::it1on ... USGS Report Released Dur1ng the summers of 1999 and 2000, beaches at Huntington Beach, California, were repeatedly closed to swimming because of high bacteria levels in the surf zone. Scientists from the U.S. Geologlcal Survey and cooperating organizations have been investigating whether ocean currents and waves tr an sport the wastewater from the Orange County Sanitation District outfall to the beaches, These studies indicate that bacter1a from the outf an are not a significant source of the beach contamination. 5:00 PM -7:00 PM Fnance, Admlnisi:ratiorN1[1d li.Jrnan Resources Commit~ (FAl-fl) Mon., May 26, 2003 Al Day Event Memorial Day Emellpege ::::J Proposed Increase to Sewer Service Charges Contact Addre5s: The Orange County Sanitation District Board of Directors will hold a public hearing on Wednesday, June 25, 2003 to consider your input on the proposed rate change. The hearing will be held at 7:00 p.m. in the OCSD Board Room. 10844 Ellis Avenue, Fountain I/alley. OCSD is part of a large regional sewerage system serving 23 cities and unincorporated areas within Orange County. Your wastewater is collected first by your local sewering agency, such as your city, and then transported by OCSD's large trunk sewers to one of two regional treatment plants. Our facilities treat and dispose of nearly 234 million gallons of wastewater each day. Due to substantial economies of scale and efficient op er a ti on of the sewer age system, the sewer service charges of OCSD continue to be among the lowest of all California and U, S. sewer age agencies, During the past year the OCSD Board of Directors voted to provide disinfection and secondary treatment to all of the wastewater discharged to the ocean. This has increased amual operating expenses nearly $7 million and has increased the to year capital improvement program to $2. 1 billion. A sewer service rate increase is required to pay for these changes. The sewer service charges of OCSD continue to be among the lowest of all California and U.S. sewerage agencies. 10614 EHis Avenue, Fountain Valley, CA 927oa (J 14) 962-2411 Contact webmaster !QQ_ -0- Privacy 5t<ltement I Di r,l!!imer Copyright © 2001-2002 Or i!ll!J8 Comly Sanitation District Sewer Service Fees [ _ ________ Cel What ts the sewer sery ~e fee? How !s !he sewer service fee cak:ula!Ed? WOO aporoved 1he sewer servk:e fee? How long will h : sewer sei'ylce li?e aooear on the tax bill? rs 1he sewer service me 00100 IQ ts:rease? Was tl1e S9Wfil service fee votEr aooroyed? How do you satisfy !he reoulrements of Propositions 13 and 218? Am I paving !Qr Hie same ih1nq on my utllltv bill? C;in I oet tl;e sewer service f9gs lowered? Whatlf I am not comec:t!ld to the s,ew,er? Why are we pro!JQSlro a s-year Increase schedule? llllhat If I have further questli:irs qr cammsnts about the sewer service fee? What Is the sewer service fee7 The sewer servk:e fee Is fur the collectlon, treatment, and disposal of wastewater (sewage). It Is a fee, not a tax because It IS not based on the value of the property. How Is the sewer service fee calculated? It ls based upa; the type of property. Residential properties, incliding condominiums and town homes, are chcr~ a flat rate. M.Jlti-famlly (apartmentbuildlngs lncliding duplexes and trl-plelles) and mobile oome parlcs ere charged on a per unit b~ls. Non- residential propErtlas ere charged a rate per thousand square feet of Improvements. The rate varies based upon the use of the property. Who approved the sewer service fee7 The fee was passed by ordinance by the OCSD Board of Directors. The Board consists of elec:lEd officials -either mayors or council members ·from eai:h city, or representatiVe$ from the local sahltary or water distrlc:t and a member fi'om the Orange County Board of supervisors. How long w~I the sewer service fee appear on the tax biU? Email page "::;j Print 1rierdy formal w At this point it appears to be indefnlte. Using the property tax bill Is the most cost effective method of collection. Is the sewer service fee going to Increase? The unlli:lrm s~l8"famlly res!dentlal (SFR) user rate will increase over the next five year pt?riod fi'om the 2002-2003 rate of $87.50 to; 2003-2004 rate $105 2004-2005 rate $126 2005-2006 rate $151 2006-2007 rate $181 2007-2008 rate $217 The multi-family resldehtlal (lVlFR) use per apartment unit has been established by flow monitoring and census data to be 70% of 1he SFR use. Thus, the MFR rate will increase proportionally per unit per year. Nm-rssldentlal users pay a rate per 1,000 sq;are feet of build ng .area, based upon the average quantity and strength of wastewalEr discharged as determined by sb.Jdles of adual flows dlschargec into the system by each partrcular categCfy ofU&ers. The fee is reviewed each year to make sure it meets maintenance and operations costs of OCSD. It can be expected to Increase as costs Increase and new programs are adopted by OCSD. Although this may seem like a lot, 1he sewer service charges of OCSD continue to be among the lowest of all California and U.S. sewerage agencies. 2 Contact Address: Was the sewer service fee voter approved? No public vote Is required. When a fee Is Imposed or Increased, a Public Notice is published in the local newspaper and notifications are mailed 1D property owners. The fees are enacted after a public hearing by a vote of the Board ofDfrectDrs. How do you satisfy the requirements of Propositions 13 and 218? Proposition 13 deals with taxes. The user fee is based upon the average use of the sewer system, not properly values. Therefore the user fee Is not a tax and Is not governed by Proposition 13. Proposition 218 has a specific exemption for sewer user fees. OCSD mails a notice 1D each property owner and conducts a public hearing. An election is not required. Am I paying for the same thing on my utility bill? Some of the cities charge a maintenance fee for their local sewer lines. Often times, this fee is on the water bill. The sewage from those local lines flows intD OCSD's large regional trunk sewers and comes 1D one of our two plants for treatment. Can I get the sewer service fees lowered? Non-residential users with a low water use may be eligible for a reduction based on actual water use. They must send OCSD a written request (from the property owner) along with a copy of their water bills for the prior fiscal year (12 complete months) and a copy of the current tax bill. What if I am not connected to the sewer? Parcels not comected 1D the sewer are exempt from sewer service fees. There are no other exemptions. The owner may write 1D OCSD Indicating they use a septic tank or that the properly Is not developed along with their parcel number and the owner's signature. Why are we proposing a 5-year increase schedule? Tha.m::i.tnl"'lt-.1 n.fthc rnet<:..MI"' tf.-.Q .-::i.ntt::i.l lmnl"'n..,al"l"\Ql"'lf'e-1"Clln111t-or-I t.-. The majority of the costs for the capital improvements required 1D Implement full secondary treatment are expected 1D be Incurred over the next 5 years although completion will take approximately 10 years. Adopting a multi-year schedule will allow us 1D borrow funds at lower rates because it shows a viable cash flow. This reduces costs over the long run. A multi-year program also saves administrative costs for publishing and mailing notices and holding meetings. What If I have further questions or comments about the sewer service fee? The Orange County Sanitation District Board of DirectDrs will hold a public hearing on Wednesday, June 25, 2003 1D consider your input on the proposed rate change. The hearing will be held at 7:00 p.m. in the OCSD Board Room. 10844 Ellis Avenue, Fountain Yalley, california. Written comments may also be submitted through the mail 1D the Sanitation District at P.O. Box 8127, Fountain Yalley, CA 92728-8127. We have also established an email account should you prefer 1D leave an electronlc message. Our address is ra!Bs@ocaj.rom If you have additional questions or want more information, please call (714) 593-7281. Our office hours are 8:00 a,m, 1D 4:30 p.m., Monday through Friday, If these times are not convenient, you may leave a recorded message after hours or on weekends or email. A member of the Sanitation District's staff will return your call. I SHOW ALL CATEGORIES I 10844 Ellis Avenue, Fountain Valley, CA 92708 (714) 962-2411 Contact webmaster I21l_O Priy.:icy Statement I Disclaimer Copyright © 2001-2002 Orange County Sanitation District 3 of 3 FAHR COMMITTEE AGENDA REPORT Orange County Sanitation District FROM: Gary Streed, Director of Finance Originator: Michael White, Controller Meeting Date 05/14/03 Item Number SUBJECT: TREASURER'S REPORT FOR THE MONTH OF APRIL 2003 GENERAL MANAGER'S RECOMMENDATION Receive and file Treasurer's Report for the month of April 2003. SUMMARY To Bel. of Dir. 05/28/03 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. Some funds are also deposited in the State of California Local Agency Investment Fund for liquidity. 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 Investment Policy. The portfolio contains no reverse repurchase agreements. As shown on page 2 of the attached PIMCO's Performance Monitoring and Reporting Report for the Liquid Operating Monies and on page 2 of the attached PIMCO's Long- Term Operating Monies, there are two investment policy compliance exceptions. The first exception pertains to Federal Home Loan Bank (FHLB) securities exceeding the 20 percent limitation of total portfolio holdings within the Liquid Operating Monies Portfolio at 20.06 percent. This overage is due to the $15 million withdrawal of funds in March of 2003 to fund current operations. The exposure will return to within the allowable level in May 2003 when two of the FHLB securities mature. The second investment policy compliance exception pertains to the holding of two securities within the PIMCO's Long-Term Operating Monies Portfolio that had an acceptable rating at the time of purchase but has since fallen below the minimum rating allowed by the investment policy. The District's investment policy requires a minimum rating of A3 by Moody's or A-by S&P, with at least a BBB rating in the event of a split rating, at the time of purchase. The first of these rating exceptions pertains to the holding of a United Airlines (UAL) Asset Backed Security with a par value of $1.6 million, representing 0.5 percent of the portfolio holdings, whose rating from Moody's has fallen several times, from A3 to BA 1, then to BA3, and finally to B3. Likewise, the rating from Standard & Poor's has also fallen several times, first from A-to BBB, then to BB, then to B+, and finally to B-. Although these ratings are less than what is required G:\wp.dta\fin\220\white\FAHR\Monthly Treasurer Report\2002.03\TREASRPT051403.doc Page 1 at the time of purchase, PIMCO believes, based on the financial strength of UAL and the underlying collateral of the security, that the District would suffer an unwarranted loss if the security was sold at this time. The second ratings exception pertains to the holding of a $5 million par of the Philip Morris-Altria corporate bond with an April 2004 maturity, representing 1.5 percent of of the portfolio holdings, whose rating with Moody's has fallen from A2 to Baa1 and then to Baa2, and with S&P from A-to BBB. PIMCO believes based on the underlying assets of the parent company, that the District would again suffer an unwarranted loss if the security was sold at this time. The District's investment policy does not require any action because of "credit watch" notices or the decline in credit standing. However, PIMCO will continue to monitor the credit for these two securities very closely. 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. BUDGET IMPACT D This item has been budgeted. (Line item: [gJ Not applicable (information item) ADDITIONAL INFORMATION Schedules are attached summarizing the detail for both the short-term and long-term investment portfolios for the reporting period. In addition, a consolidated report of posted investment portfolio transactions for the month is attached. The attached yield analysis report is presented as a monitoring and reporting enhancement. In this report, yield calculations based on book values arid 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. Also provided is a summary of monthly investment balances and transactions within the State of California Local Agency Investment Fund (LAIF). 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 following table details the book balances of the District's investment accounts at month-end. A graphical representation of month-end balances is shown on the attached bar chart. G:lwp.dta\fin\220\whltelFAHR\Monlhly Treasurer Reportl2002-03\TREASRPT051403.doc Page2 ' ! I Book Balances Estimated Investment Accounts April 30, ~003 Yield(%) State of Calif. LAIF $ 20,467,427 1.90 (1) Union Bank Checking Account 2,011,357 1.15 (1) PIMCO -Short-term Portfolio 48,937,915 1.54 PIMCO -Long-term Portfolio 322,483,644 2.57 Petty Cash 5000 N/A TOTAL $393 905 343 Debt Service Reserves wffrustees $34 58Z488 2.40 (1) This is the annualized yield for the month of March. The April annualized rate was not available as of the date of this report. ATTACHMENTS 1. Graph of Monthly Investment Balances by Type -Last Six Months 2. Investment Transactions and Balances in the State Local Agency Investment Fund 3. PIMCO Monthly Investment Recap & Yield Analysis Report 4. PIMCO Performance Monitoring Report -Liquid Operating Monies 5. PIMCO Performance Monitoring Report-Long-Term Operating Monies 6. Mellon Trust Net Asset Sector Summary -Liquid Operating Monies 7. Mellon Trust Net Asset Sector Summary-Long-Term Operating Monies 8. Mellon Trust Yield Analysis Report 9. Mellon Trust Portfolio Detail -Consolidated MW:lc G:lwp.dtalfin\220\white\FAHR\Monthly Treasurer Report\2002-03\TREASRPT051403.doc Page3 Prepared by Finance, 5/12/2003, 3:03 PM Monthly Investment Balances by Type- Last Six Months $500,000,000 .--------------------------------------.. $450,000,000 ------- $400,000,000 -+--- $350,000,000 -+----! $300,000,000 +---R $250,000,000 -1----il< ~~ $200 I 000 I 000 ~--1<: $150,000,000 $100,000,000 -t--1.1 $50,000,000 ->--- $0~~~~~~----"~~ ~~~~ November 2002 December 2002 January 2003 February 2003 l!l! PIMCO -Long-term ~ PIMCO -Short-term El COP Debt Reserves mLAIF BBankAccts EPetty Cash G:\excel.dta\fin\220\white\Treasury Management\Monthly Investment Balances Graph.xis March 2003 April 2003 Balance Orange County Sanitation District Investment Transactions and Balances in the State of California Local Agency Investment Fund April 30, 2003 Par Value Book Value Market Value April 1, 2003 $13,484,844 $13,484,844 $13,484,844 Deposits: 4/18/2003 18,200,000 18,200,000 18,200,000 Quarterly Interest Distribution 82,583 82,583 82,583 Withdrawals: 4/10/2003 (5,700,000) (5,700,000) (5,700,000) 4/16/2003 (1,400,000) (1,400,000) (1,400,000) 4/23/2003 (2,200,000) (2,200,000) (2,200,000) 4/30/2003 {.2',000,000l ~2,000,000l ~2,000,000! Total Withdrawls (11 ,300,000) (11,300,000) (11 ,300,000) Balance March 31, 2003 $20,467 ,427 $20,467 ,427 $20,467,427 Rate Yield* 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 1.904 * Yield for the month of March 2003. The Yield for the month of April 2003 was not available as of the date of this report. May9, 2003 Mr. Mike White, CPA Controller Orange County Sanitation District 10844 Ellis A venue Fountain Valley, CA 92708-7018 DearMike: PIM C 0 840 Newport Center Drive Suite 300 Newport Beach, CA 92660 Tel: 949.720.6000 Fax: 949.720.1376 The following is a description of events in the bond markets during the month of April in addition to an analysis of the strategies undertaken in the Orange County Sanitation District's Long-Term and Liquid portfolios over the period. Also included is a section on our outlook and preferred strategies to be pursued in your portfolios during the coming months. B011d Market Recap: April was a very good month for riskier financial assets, as equities, high yield, and emerging market bonds provided handsome returns. The S&P 500 index climbed 8.24%, while the Merrill Lynch BB/B and JP Morgan EMBI-Global Indexes returned 4.82% and 5.69%, respectively. U.S. Treasury yields generally rose, with the exception of very long maturities, as the 30-year treasury yield declined 0.05% to 4. 77%. In this modestly rising rate environment, mortgages outperformed Treasuries by 0.31 % on a duration-adjusted basis, with Ginnie Maes trailing both Fannie Mae and Freddie Mac issues. Investment grade corporate bonds also outperformed Treasuries, as the Lehman Credit index posted a sizable duration-adjusted excess return of 1.47%. Within the corporate sector, telecommunications and pipeline issues continued to outperform, earning duration-adjusted excess returns of 1.61 % and 2.33%, respectively. The U.S. economy showed signs of benefiting from a post-war bounce; however longer-term trends still pointed toward slow growth. The removal of Saddam Hussein from power in Iraq drove oil prices lower, and appeared to boost U.S. consumer confidence. The Conference Board's measure of consumer confidence jumped from 61 to 81, the largest monthly rise since the Gulf War. Corporate profits rose at a double digit pace during the first quarter; however, real GDP expanded at a slower-than-expected 1.6% annual rate, after growing at a similarly low 1.4% rate in the prior quarter. The nation's labor markets remained weak as the number of payroll jobs fell for the third month in a row while the unemployment rate rose to 6%, matching the post-recession high of last December. Manufacturing continued its downward trend as the Institute for Supply Management's factory index fell to 45.4 from 46.2 in March. The domestic bond market performed well in April, posting a total return of 0.83% as measured by the Lehman Brothers Aggregate Index (LBAG). In absolute terms, the credit sector was the best performing sector, posting a return of 1.85%. The mortgage and Treasury sectors lagged, posting returns of 0.42% and 0.47%, respectively. On a duration-adjusted basis, the credit sector performed best, followed by mortgages and then by Treasuries. Mr. Mike White, CPA Orange County Sanitation District Treasury yield changes during the month of April are summarized as follows: • 3-month bills: unchanged at 1.11 % • 6-month bills: +2 basis points to 1.13% • 2-year notes: unchanged at 1.48% • 5-year notes: +4 basis points to 2. 75% • 10-year notes: +4 basis points to 3.84% • 30-year notes: -5 basis points to 4.77% Performance Attribution: Long-Term Portfolio May9, 2003 Page2 The Long-Term portfolio that PJMCO manages on behalf of Orange County Sanitation District generated a total return of 0.36 percent for the month of April, underperforming the Merrill Lynch 1-5 year Government Corporate Index by 9 basis points. The following points summarize returns for the period ended April 30: • The Long-Term portfolio underperformed the benchmark by 9 basis points for the month and by 6 basis points for the year-to-date period. • Portfolio duration and yield curve positioning were largely neutral for performance. • Holdings of mortgage-backed securities added to returns as the sector outperformed Treasuries on a duration-adjusted basis. • An underweight exposure to corporates was negative as the sector rallied strongly during the month. Liquid Portfolio The Liquid portfolio that PJMCO manages on behalf of Orange County Sanitation District generated a total return of 0.10 percent during the month of April, performing in line with the 3- month Treasury Bill Index. The following points summarize returns for the period ending April 30: • The Liquid portfolio performed in line with the benchmark for the month and outperformed the benchmark by 5 basis points for the year-to-date period. • Use of higher yielding securities such as commercial paper and short-term notes contributed to performance. Outlook a11d S trategy: Geopolitical uncertainty could create considerable volatility in financial markets over the next year. Regardless of how this uncertainty is ultimately resolved, a pre-existing condition of global excess supply is likely to persist and crimp growth. The U.S. economy is likely to expand by 2%- 2.5%, while Europe and Japan will be hard pressed to grow at all. Yields on 10-year Treasuries Mr. Mike White, CPA Orange County Sanitation District May9, 2003 Page3 will range between 3.5% and 4.5%, with the potential to pierce the low end of the range if geopolitical circumstances deteriorate, and test the high end if the situation in Iraq is resolved quickly. Key elements of our cyclical forecast include the following: • Demand in the U.S. should hold up better than in other major economies. The weakest part of the U.S. economy -the corporate sector -has pared capital investment, inventories and employees after the excesses of the late 1990s to restore credibility with lenders. This corporate thrift has pressured employment and wages, but it has not dragged down conswnption. • Adverse effects on U.S. household income and spending have been and should continue to be mitigated by conswners' ability to monetize housing wealth at mortgage rates near 40-year lows. • The outlook is bleaker in Europe and Japan. In these economies, painful consequences of corporate thrift will not be mitigated by effective reflationary policy such as that provided by the Federal Reserve. Europe is on the brink of recession, as disillusioned investors and skeptical credit rating agencies force balance sheet rehabilitation on companies that lag far behind their American counterparts in cost cutting. Japan will not recover so long as its companies and consumers curtail spending. Japanese companies continue to cut employees where they can and use cash flow to pay down debt. • Rising commodity prices and a weaker dollar will push inflation modestly higher. Higher prices will be good for commodity exporters in the emerging markets, but will impose a negative terms of trade shock on developed economies. PIMCO plans to reduce risk and take exposures where prospects for attractive returns significantly outweigh downside potential. We plan to limit interest rate risk in two ways: by targeting duration near the benchmark and by emphasizing short and long maturities to guard against rising interest rates in overvalued intermediate maturities. In sector strategies, we plan to trim exposures that have recently fared well. Relatively high yields and strong credit quality make mortgages an attractive long-term alternative. Nevertheless, strong recent gains make this sector vulnerable to a correction, so we may moderate mortgage exposure in the short run. We are likely to remain underweight to corporates overall, especially in higher rated bonds with slim credit premiums, and aim for near-to-above index weightings in more attractively priced issues. We look forward to discussing these and other topics with you in the near future. Best regards, Christine Telish, CF A Vice President John M. Miller, CFA Senior Vice President Orange County Sanitation District for the month ending April 30, 2003 Total Return Account -203 Market Value Book Value Yield to Maturity Short Term Account -603 Market Value Book Value Yield to Maturity With Accrued Interest 326,166,755 317,431,963 2.57 With Accrued Interest 49,605,122 49,923,178 1.54 Without Accrued Interest 322,435,836 313,701 ,044 2.60 Without Accrued Interest 48,937,501 49,255,557 1.56 MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ended 30 April 2003) 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: Of Index: 15.1.3 1%INTERESTRATECHANGE Dollar Impact (1rain/Joss) of 1% Change: 15.1.4 REVERSE REPOS % of Portfolio in Reverse Repos: (see attached schedule) 15.1.5 PORTFOLIO MATURITY % of Portfolio Maturin1r within 90 davs: 15.1.6 PORTFOLIO QUALITY A vera1re Portfolio Credit Oualitv: 15.1.7 SECURITIES BELOW "A" RATING % of Portfolio Below "A": 15.1.8 INVESTMENT POLICY COMPLIANCE "In Comoliance" 15.1.9 PORTFOLIO PERFORMANCE Total Rate ofRetui:n (%)by Period: l Month: 3 Months: 12 Months: Year-to-Date: Commentary Page 1of1 $49,605,122 $49,605,005 $49,923,178 $49,922,654 0.25 0.20 $124,013 0% 67% "AAA" 0% No(l) Portfolio Index 0.10 0.10 0.34 0.29 1.85 1.51 0.45 0.40 • Interest rates at the short-end of the yield curve remained the same during the month (3-month T·Bills unchang:d at L.11 %), while longer maturities decreased slightly (30-year Treasuries fell 5 basis points to 4.77%). • The Liquid portfolio matched the benchmark for the month, and outperfamed the benchmark by S basis points for the year-to-date period. • PIMCO's emphasis on higher yielding securities such as commercial paper and short-term notes contributed to performance. (1) Due to the $15 million cash withdrawal to fund current operations on March 19, 2003, the account's holding of issuer Federal Home Loan Bank exceeded the 20 percent maximwn at 20.06 percent. The position was compliant prior to the cash withdrawal and will be again in May 2003 when two of the FHLB securities mature. Decreasing the exposure via maturities allows the portfolio to avoid transaction costs that would have been incurred through a sell transaction. G:lwp.dl•lffnl2lO\white\Tru1ucy Mgmt\LIQ0806-03-04.RPT.doc MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ended 30 April 2003) 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%INTERESTRATECHANGE Dollar lmoact (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 Oualitv: 15.1.7 SECURITIES BELOW "A" RATING % of Portfolio Below "A": 15.1.8 INVESTMENT POLICY COMPLIANCE "In Comoliance" 15.1.9 PORTFOLIO PERFORMANCE Total Rate of Return(%) by Period: 1 Month: 3 Months: 12 Months: Year-to-Date: Page 1 of3 $326,166,755 $326, 167 ,524 $317,431,963 $317,748,480 2.27 2.30 $7,403,985 0% 27% AAA 100% No* Portfolio Index 0.36 0.45 1.45 1.53 7.70 8.24 1.53 1.59 • Three-month yields remained the same during the month (90-day T-Bills unchang:d at 1.11 %) while longer maturities increased sligbtly (5-year Treasury Notes rose 4 bnsis points to 2. 75%). • The Long-Tenn portfolio underperfmned the benchmark by 9 basis points for the month, and by 6 basis points for the year-to-date period. • Portfolio duratirn and yield curve positioning were largely neutral for performance. • Holding; of Mortgage-backed securities added to returns as the sector outperfmned Treasuries on a duratioo-adjusted basis. • An underweigbt expn<>ure to corporate holdings was negative for perfonmmcc as the sector rallied strongly during the month. *Compliance .Tusues: MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ended 30 April 2003) Page 2 o/3 $1.600.000 par of United Airlines (UAL) Pass-Through 2001-1-C (9093l7BC2), 6.831% coupon, 9/l/2008 maturity,..representing 0.5% of the portfolio holdings on a par basis was purchased on 8/10/2001; and subsequently downgraded by Moody's from A3 to BAI (on 9/1812001) and S&P from A-to BBB (on 9/20/2001.). The security was further downgraded by Moody's from BA1 to BAJ (on l2/2 l.1200 I) and by S&P from BBB to BB (on 6/28/02). Following news oftbe possible bankruptcy filing, the security was further downgraded in August (B3 Moody'·s, B+ by S&P). On November 29, 2002, S&P further downgraded this issue to B, and shortly thereafter on December 9, 2002 downgraded the issue one notch further to B-. The District's investment policy requires a minimum rating of A3 by Moody's or A-by S&P, with at least a BBB rating in the event of a split. On December 4, 2002, the Federal Air Transportation Stabilization Board (ATSB) rejected UAL $1 .5 billion Joan guarantee application, citing fundamental flaws with its proposed business plan. In response to the ATSB rejection, the airline submitted its much-anticipated filing for Chapter 11 bankruptcy protection on December 9th. UAL's tiling is the largest bankruptcy ever in the global airline industry, resulting from high costs and low airfares that have plagued the industry since "9/11 ". The ATSB stated that UAL could submit a revised loan guarantee application in the future or seek a loan guarantee as part of a Chapter 11 reorganization. UAL simultaneously renewed its campaign to cut its costs, by announcing it will reduce pay for all officers by about 11 % and trim wages for salaried and management employees by 2.8% to 10.7%. UAL will also begin fresh talks with unions about how they will contribute to the cost cutting. UAL said it now has approximately $800 million in unrestricted cash on hand and $600 million in restricted cash. To help the airline meet its bills, the bankruptcy judge approved an initial $800 million in interim financing, part of the $1.5 billion in debtor-in-possession {DIP) financing the carrier arranged with lenders to see it through the bankruptcy. An additional $700 million of the DIP financing will be available to UAL in the event that it satisfies certain conditions, which include that UAL obtain positive cumulative earnings before interest, taxes, depreciation, amortization, and rents (EBITDAR)) from December 1, 2002. Given UAL's cash bum rate and modest cash on hand, the company must take decisive actions to quickly limit its cash bum before the DIP funds have been dissipated. Compared to its competitors, UAL's labor force is extremely unproductive and the bulk of the airline's restructuring efforts should be focused on improving the productivity of its labor force. As part of its capacity reduction plans, UAL will reject, or abandon, aircraft that it does not intend to use in the future. These reductions will be focused on certain older aircraft models, potentially including B727-200a, B767-200s, B747-400s, and B737-300s. In addition to rejecting aircraft that it does not intend to utilize in the future, UAL may also reject aircraft that it would like to utilize. UAL would be incentivized to reject such aircraft ifit believes that it will be able to successfully renegotiate the tenns ofloans and leases on these aircraft. PIMCO continues participating on ad hoc committees of UAL debt security holders that are seeking collective negotiations with the airline in order to strengthen their bargaining position. The ad hoc committees, their lawyers, and their advisors are currently reviewing restructuring proposals submitted by UAL and fonnulating responses. PIMCO suspects that this process will take some time given the bankruptcy's complexity. Recent market value fluctuations of UAL bonds are a result of industry uncertainties. The industry has suffered financial damage from reduced revenues and deeper losses leading up to and during the Iraq war, and run the risk of further deterioration if significant terrorist attacks were to occur. PIM CO anticipates that the end of the war and the containment of SARS will prompt a modest pickup in business travel and an overall improvement in the outlook for the airlines, but they do not see a quick recovery. 5,000,000 par of Philio Morris-Altria NT (cusip 718154CH8), 4/112004 maturity, representing 1.5% of the portfolio holdings on a par basis was purchased on 8/6/2001 at a price of 105.26. This security was subsequently downgraded by Moody's from A2 to Baal (on 4/01/2003) and S&P from A-to BBB (on 4/10/2003), and is currently priced near 102. The District's investment policy requires a minimum rating of A3 by Moody's or A-by S&P, with at least a BBB rating in the event of a split. MONTHLY REPORT ORANGE COUNTY SANITATION DISTRICT INVESTMENT MANAGEMENT PROGRAM PIMCO'S PERFORMANCE MONITORING & REPORTING (for the month ended 30 April 2003) Page 3 of3 The Philip Morris USA downgrade activity was a result of a negative court judgment and its associated bonding requirement. In the Miles case, named after the initial plaintiff in the class-action lawsuit, an Illinois court fined Philip Morris $10.3 billion for allegedly deceiving smokers into thinking that "light" cigarettes were safer than regular cigarettes. The company, now a subsidiary of Altria, has said that the lawsuit was flawed and that it planned to appeal the ruling and the class certification order that preceded it. Prior to the judgment, PIMCO's analysis of Altria (the holding company and issuer of the debt) shows investment grade credit metrics even excluding in its entirety Philip Morris USA (the domestic tobacco subsidiary and the entity subject to all of the legal suits). The analysis was based on the assumption that the horizon of any final verdict would be years in the future, while the company would generated significant cash flow in the interim. Philip Morris USA sought review of the $10.l billion verdict in the class action lawsuit by Illinois appellate courts in light of Madison County Circuit Judge Nicholas Byron's decision to affirm his earlier verdict in the case. Philip Morris general counsel stated, "Philip Morris USA believes that when an appellate court reviews the record in this case and applies Illinois law, it will conclude this verdict must be overturned. The company will promptly appeal the $10.1 billion ruling, paving the way for the cigarette maker to appeal the "lights" class-action judgment. It is believed that the appeal will go directly to the Illinois Supreme Court. If the burden of the bonding falls entirely on Philip Morris USA, Altria's credit statistics would remain fairly good despite the bad headlines and the prospect of bankruptcy at the subsidiary. PIMCO believes management is unlikely to sacrifice good subsidiaries to fund the bad one, which would create a bad precedent for future court cases. PIMCO has continued to hold their positions at the holding company (Altria) level, but have suspended any additional purchases until greater clarity emerges on the likelihood of various outcomes. Split Rated Securities Still In Compliance: The District's investment policy requires a minimum rating of A3 by Moody's or A-by S&P, with at least a BBB in the event of a split rating. • $4,000,000 par of Ford Motor Credit securities ($3 million represented by cusip 345397SJ3 maturing 7/16/04 and $1 million represented by cusip 345397GV9 maturing 5115/05), representing 1.2% oftbe portfolio holdings on a par basis. The securities were downgraded on l 0/16/2001 by S&P from A to BBB+; and now carry a Moody's rating of A3 after a further downgrade from A2 on 1I 16/2002 and an S&P rating of BBB after a further downgrade from BBB+ on 10/25/2002. • $7,950,000 par of General Motors Acceptance Corp securities (cusip 370425QV5), maturing on August 4, 2003, represents 2.3% of the portfolio holdings on a par basis. The securities were downgraded on 10/16/2001 by S&P from A to BBB+, and a further downgrade to BBB occurring on 10/16/2002; but continues to carry a Moody's rating of A2. • $3 ,500,000 par of Virginia Electric Power NT securities ( cusip 927 804 ENO), maturing in 2006, represents 1.0% of the portfolio holdings on a par basis. The security was downgraded on 10121/2002 by S&P from A-to BBB+, but continues to carry a Moody's rating of A3. G:\wp.dta\jin\220\white\ Treasury Mgmt\L-TOB00-03-04.RPT. doc @ II '---L Mellon Trust PAGE: I BASE: USD NET ASSET SECTOR SUMMARY OCSF07511102 30-APR-2003 FINAL LIQUID OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS TOTAL SWITZERLAND 3,200,000.00 3,200,000.00 6.45% 0.00 UNITED STATES COMMERCIAL PAPER -DISCOUNT 99,625.50 99,625.50 0.20% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 7,708,718.88 7,708,718.88 15.54% 0.00 FNMA ISSUES -LESS THAN l YR 6,4 75,416.44 6,475,416.44 13.05% 0.00 FED HM LOAN BNK -LESS THAN l YR 7,&20,447.72 7,820,447.72 15.77% 0.00 OTHER U.S. GOVT OBLIGATIONS &45,518.61 845,518.61 l.70% 0.00 MUTUAL FUNDS 151,234.69 151,234.69 0.30% 0.00 TOTAL UNITED STATES 23,l 00,961.84 23,100,961.84 46.57% 0.00 TOTAL CASH & CASH EQUIVALENTS 26,J.00,961.84 26,300,961.84 53.02% 0.00 FIXED INCOME SECURITIES UNITED STATES U.S. GOVERNMENTS 6,251,984.38 6, 133,500.00 12.36% -118,484.,38 U.S. AGENCIES 9,3 79,081.35 9,287,081.85 18.72% -91,999.50 BANKING & FINANCE 4,976,660.51 4,892,557.05 9.86% -84,103.46 INDUSTRIAL l,669,829.81 l,652,390.43 3.33% -17,439.38 UTILITY -TELEPHONE 677,046.50 671,424.00 l.35% -5,622.50 TOTAL UNITED STATES 22,9 54,602.55 22,636,953.33 45.63% -317,649.22 TOTAL FIXED INCOME SECURITIES 22,9·54,602.55 22,636,953.33 45.63% -317,649.22 OTHER PORTFOLIO ASSETS PAYABLES/RECEIVABLES 667,090.06 667,090.06 l.34% 0.00 TOTAL 667,090.06 667,090.06 l.34% 0.00 TOTAL OTHER PORTFOLIO ASSETS 667,090.06 667,090.06 1.34% 0.00 ONVlay-2003 13:58:41 EXecurzve Workbench OCSF0751J102 LIQUID OPER-PJMCO II PORTFOLIO DISTRIBUTION NET PORTFOLIO ASSETS Ul-May-2003 13:58:41 Mellon Trust NET ASSET SECTOR SUMMARY 30-APR-2003 COST MARKET VALUE 49,922,654.45 49,605,005.23 II PAGE: 2 BASE: USD FINAL %OF UNREALIZED TOTAL GAIN/LOSS 100.00% -317,649.22 EXecullve It. @ ~ .__c --. ..,,.. Mellon Trust ~ PAGE: 1 BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 30-APR-2003 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS RECEIVABLES 10,302,818.11 10,302,818.11 3.16% 0.00 PAYABLES -50,678, 750.00 -50,678, 750.00 -15.54% 0.00 TOTAL -40,3 75,931.89 -40,3 75,931.89 -12.38% 0.00 UNITED STATES COMMERCIAL PAPER -DISCOUNT 3, 187,904.00 3,187,904.00 0.98% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 41,946,467.42 41,983,250.49 12.87% 36,783.07 FNMA ISSUES -LESS THAN 1 YR 15,335,258.36 15,335,258.36 4.70% 0.00 FED HM LOAN BNK -LESS THAN 1 YR 18,543,517.81 18,546,971.44 5.69% 3,453.63 MUTUAL FUNDS 136,735.74 136,735.74 0.04% 0.00 TOTAL UNITED STATES 79, 149,883.33 79,190,120.03 24.28% 40,236.70 TOTAL CASH & CASH EQUIVALENTS 38, 773,951.44 38,814,188.14 11.90% 40,236.70 FIXED INCOME SECURITIES UNITED STATES U.S. GOVERNMENTS 89,082,570.88 89,662,058.40 27.49% 579,487.52 INFLATION INDEXED SECURITIES 14,241,422.69 17,595,715.29 5.39% 3,354,292.60 U.S. AGENCIES 43,184,917.87 46,130,501.91 14.14% 2,945,584.04 GNMA SINGLE FAMILY POOLS 17,044,323.11 17,570,063.42 5.39% 525,740.31 GNMA MULTIFAMILY POOLS 4,769,190.04 4,887,059.67 1.50% 117,869.63 FHLMCPOOLS 262,037.85 268,839.76 0.08% 6,801.91 FHLMC MULTICLASS 2,524,993.70 2,514,575.64 0.77% -10,418.06 FNMA POOLS 29,979,062.50 30,134,141.40 9.24% 155,078.90 COLLATERALIZED MORTGAGE OBLIGATI 2,790,998.24 3,065,284.81 0.94% 274,286.57 ABS: CAR LOAN 115,283.31 112,216.36 0.03% -3,066.95 ABS: AIRPLANE RECEIVABLES l,600,000.00 392,000.00 0.12% -1,208,000.00 BANKING & FINANCE 38,044,819.50 38,932,218.85 11.94% 887,399.35 INDUSTRIAL 17,792,380.00 17,915,560.00 5.49% 123,180.00 UTILITY -ELECTRIC 6,438,210.00 7,003,155.00 2.15% 564,945.00 UTILITY -TELEPHONE 6,594,240.00 6,656,670.00 2.04% 62,430.00 INTERNATIONAL CORPORATE BONDS 826,199.84 829,395.84 0.25% 3,196.00 TOTAL UNITED STATES 275,290,649.53 283,669,456.35 86.97% 8,378,806.82 Ol-May-2003 13:39:52 EXecutive Workbench @) II Mellon Trust II PAGE: 1 BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 30-APR-2003 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS CASH & CASH EQUIVALENTS RECEIVABLES 10,302,818.l l 10,302,818.11 3.16% 0.00 PAYABLES -50,678,750.00 -50,678, 750.00 -15.54% 0.00 TOTAL -40,3 75,931.89 -40,375,931.89 -12.38% 0.00 UNITED STATES COMMERCIAL PAPER -DISCOUNT 3, 187,904.00 3,187,904.00 0.98% 0.00 FEDERAL HOME LOAN MORTGAGE -LESS 41,946,467.42 41,983,250.49 12.87% 36,783.07 FNMA ISSUES -LESS THAN 1 YR 15,335,258.36 15,335,258.36 4.70% 0.00 FED HM LOAN BNK -LESS THAN 1 YR 18,543,517.81 18,546,971.44 5.69% 3,453.63 MUTUAL FUNDS 136,735.74 136,735.74 0.04% 0.00 TOT AL UNITED STATES 79, 149,883.33 79, 190, 120.03 24.28% 40,236.70 TOTAL CASH & CASH EQUIVALENTS 38, 773,951.44 38,814,188.14 11.90% 40,236.70 FIXED INCOME SECURITIES UNITED STATES U.S. GOVERNMENTS 89,082,570.88 89,662,058.40 27.49% 579,487.52 INFLATION INDEXED SECURlTIES 14,241,422.69 17,595,715.29 5.39% 3,354,292.60 U.S. AGENCIES 43,184,917.87 46,130,501.91 14.14% 2,945,584.04 GNMA SINGLE FAMILY POOLS 17,044,323.11 17,570,063.42 5.39% 525,740.31 GNMA MULTIFAMILY POOLS 4,769,190.04 4,887,059.67 1.50% 117,869.63 FHLMCPOOLS 262,037.85 268,839.76 0.08% 6,801.91 FHLMC MULTICLASS 2,524,993.70 2,514,575.64 0.77% -10,418.06 FNMA POOLS 29,979,062.50 30,134,141.40 9.24% 155,078.90 COLLATERALIZED MORTGAGE OBLIGATI 2, 790,998.24 3,065,284.81 0.94% 274,286.57 ABS: CAR LOAN 115,283.31 112,216.36 0.03% -3,066.95 ABS: AIRPLANE RECEIVABLES 1,600,000.00 392,000.00 0.12% -1,208,000.00 BANKING & FINANCE 38,044,819.50 38,932,218.85 11.94% 887,399.35 INDUSTRlAL 17,792,380.00 17,915,560.00 5.49% 123,180.00 UTILITY -ELECTRIC 6,438,210.00 7,003,155.00 2.15% 564,945.00 UTILITY -TELEPHONE 6,594,240.00 6,656,670.00 2.04% 62,430.00 INTERNATIONAL CORPORA TE BONDS 826,199.84 829,395.84 0.25% 3,196.00 TOTAL UNITED STATES 275,290,649.53 283,669,456.35 86.97% 8,378,806.82 Vl-May-2003 13:59:52 EXecullve It~ @) II Mellon Trust II PAGE: 2 BASE: USD NET ASSET SECTOR SUMMARY OCSF07522202 30-APR-2003 FINAL LONG TERM OPER-PIMCO %OF UNREALIZED PORTFOLIO DISTRIBUTION COST MARKET VALUE TOTAL GAIN/LOSS TOTAL FIXED INCOME SECURITIES 275,290,649.53 283,669,456.35 86.97% 8,378,806.82 OTHER PORTFOLIO ASSETS PAY ABLESIRECEIV ABLES 3,683,879.12 3,683,879.12 1.13% 0.00 TOTAL 3,683,879.12 3,683,879.12 1.13% 0.00 TOTAL OTHER PORTFOLIO ASSETS 3,683,879.12 3,683,879.12 1.13% 0.00 NET PORTFOLIO 317,748,480.09 326,167,523.61 100.00% 8,419,043.52 ASSETS Vl-May-2003 13:59:52 EXeculive Workbench YLDANAL YIELD ANALYSIS PAGE 1 OCSF07511102 2003/04/30 RUN DATE I 05/06/03 DISTRICT: LIQUID OPERATING RUN TIME I 10. 52. 34 ==========================~----------~=============-----------------============================================= PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL --------------------------------------------------------------------------------------------------- CASH & CASH EQUIVALENTS 500,000.00 FEDERAL FARM CR BK CONS SYSTEM .ooo .ooo P-1 99.509 497,544.44 1.89 313312FE5 HAT 05/05/2003 A-1+ 497,544.44 1.02 750,000.00 FEDERAL FARM CR BK CONS SYSTEM .ooo .ooo P-1 9!L404 745,531.25 2.83 313312GKO HAT 06/03/2003 A-1+ 745,531.25 1. 52 1,000,000.00 FEDERAL HOME LN BK CONS DISC .ooo .ooo P-1 99.707 997,073.61 3,79 313384FW4 HAT 05/21/2003 A-1+ 997,073.61 2.04 1,865,000.00 FEDERAL HOME LN BK CONS DISC .ooo .000 P-1 99 .412 1,854,040.02 7.04 313384GFO HAT 05/30/2003 A-1+ 1,854,040.02 3.79 500,000.00 FEDERAL HOME LN BK CONS DISC ff .000 .000 P-1 99.450 497,248.33 1.89 313384HAO HAT 06/18/2003 A-1+ 497,248.33 1.02 2,000,000.00 FEDERAL HOME LN BK CONS DISC ff .000 .ooo P-1 99.399 1,987,986.11 7.55 313384HV4 HAT 07/07/2003 A-1+ 1,987,986.11 4.06 2,500,000.00 FEDERAL HOME LN BK CONS DISC ff .000 .ooo P-1 99.364 2,484,099.65 9.44 313384HXO HAT 07/09/2003 A-1+ 2,484,099.65 5.oe 500,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.682 498,411.25 1. 89 313396FQ1 HAT 05/15/2003 A-1+ 498,411.25 1.02 5,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99.422 4,971,111.11 18.90 313396FX6 HAT 05/22/2003 A-1+ 4,971,111.11 10.16 1,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99 .612 996,120.83 3 .78 313396GF4 HAT 05/30/2003 A-1+ 996,120.83 2.04 1,800,000.00 FEDERAL NATL MTG ASSN DISCOUNT .000 .000 P-1 99.997 1,799,937.50 6.84 313588FA8 HAT 05/01/2003 A-1+ 1,799,937.50 3.68 500,000.00 FEDERAL NATL MTG ASSN DISCOUNT .ooo .ooo P-1 99.474 497,371.81 1.89 313588GT6 HAT 06/11/2003 A-1+ 497,371.81 1.02 900,000.00 FEDERAL NATL MTG ASSN DISC NTS .ooo .ooo P-1 99.395 795,156.00 3.02 313588HQ1 HAT 07/02/2003 A-1+ 795,156.00 1. 62 100,000.00 GENERAL ELEC CAP DISC .ooo .ooo P-1 99.625 99,625.50 .37 36959JTB9 06/11/2003 99,625.50 .20 ,.I YLDANAL YIELD ANALYSIS PAGE 2 OCSF07511102 2003/04/30 RUN DATE 05/0fi/03 DISTRICT: LIQUID OPERATING RUN TIME I 10.52.34 -::=.-----=--=:==-=====:::::==.==--=--============ PAR VALUE YT'H AT CURRENT HOOOY MARlCET TOTAL COST/ % TYPE SECURITY IO SECURITY DESCRIPTION BOOJC YIELD S-P PRICE MARKET VALUE % TOTAL -----------------------~-~----------------------------·--------------------------------·------- 950,000.00 STUDENT LN MAIUCETING ASSN DISC .ooo .ooo P-1 99.473 845,518.fil 3.21 863872FQ5 MAT 05/15/2003 A-1+ 845,518.61 1.73 3,200,000.00 CREDIT SUISSE FD REPO ,000 1.200 100,000 3,200,000.00 12.lfi 99404T910 01.200% 05/01/2003 DD 04/30/03 3,200,000.00 6.54 151,234.69 DREYFUS TREASURY CASH MGMT .ooo 1.054 AAA 100.000 151,234.69 .57 996085247 AAA 151,234.69 .31 3,402,000.00 FEDERAL NATL MTG ASSN DISC HTS 1.438 .ooo P-1 99, 440 3,382,951.13 12.86 313588FG5 MAT 05/07/2003 A-1+ 3,382,951.13 6.91 ----------------------------------------TOTAL CASH & CASH EQUIVALENTS .021 .051 26,300,961.84 100.00 26,300,961.84 53.76 FIXED INCOME SECURITIES 1,500,000.00 ASSOCIATES CORP NORTH SR NT .ooo 1.600 AAl 100.000 11 502,520.00 6.62 046003KB1 FLTG RT 05/08/2003 00 05/08/00 AA-1,500,000.00 3.07 650,000.00 BELL ATLANTIC-NEW JERSEY INC .ooo 5.688 AA3 103.296 677,046.50 2.96 077858AAfi 5.875% 02/01/2004 DD 02/01/94 A+ 671,424.00 1.37 300,000.00 COLGATE PALMOLIVE MTN TR 00058 .ooo 5.154 AA3 102.250 308,808.00 1.35 19416QC:U 5.270% 12/01/2003 OD 11/24/98 AA-306,750.00 .63 1,350,000.00 FEDERAL FARM CR BKS CONS SYSTE .ooo 5.240 AAA 103.057 1,399,963.50 6 .14 3133186G7 6.40% 01/23/2004 DD 01/01/1999 AAA 1,391,264.64 2.84 550,000.00 FEDERAL FARM CR BKS CONS MTN .ooo 4.921 AAA 101. 606 565,229.50 2.46 31331RC78 5.ooot 1010212003 DD 10102/99 AAA 558,834.10 1.14 650,000.00 FEDERAL DOME LN MTG DEBS .ooo 7.353 AAA 100.294 657,377.50 2.87 3134A3486 7.375% 05/15/2003 DD 05/26/00 AAA 651,909.83 1.33 3,200,000.00 FEDERAL NATL MTG ASSN DEBS .ooo 4.972 AAA 103.076 3,321,088.00 14.57 31359MEM1 5.125% 02/13/2004 DD 02/08/99 AAA 3,298,423.36 6.74 533,000.00 GENERAL ELEC MTN ITR 00454 .ooo 7.462 AAA 100.515 544,976.51 2.36 36962GUXO 7.500% 06/05/2003 DD 06/05/00 A-2 535,744.95 1.09 YLDANAL YIELD ANALYSIS PAGE 3 OCSF07511102 2003/04/30 RUN DATE 05/06/03 DISTRICT: LIQUID OPERATING RUN TIME I 10.52.34 ====================================================================================z======================================== PAR VALUE ·YTM AT CURRENT MOODY MARXET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARltET VALUE % TOTAL -----·-------------------------------------------------------------------------------------------------- 250,000.00 GILLETTE CO NT .ooo 6 .163 AA3 101.406 256,012.50 1.11 375766AC6 6.250% 08/15/2003 DD 08/16/93 AA-253,515.00 .52 500,000.00 PAINE WEBBER GROUP INC HTS .ooo 6.261 AA2 103.015 519,405.00 2.21 695629CE3 6.450% 12/01/2003 DD 12/01/98 AA+ 515,075.00 1.05 656,000.00 PROCTER & GAMBLE CO NTS .ooo 5.175 AA3 101.453 672,278.56 2 .94 742718BK4 5.250% 09/15/2003 DD 09/28/98 AA-665,531.68 1.36 5,800,000.00 U S TREASURY BONDS .ooo 11.229 AAA 105.750 6,251,984.38 27.09 912810000 11.875% 11/15/2003 DD 10/05/83 AAA 6,133,500.00 12.53 425,000.00 WAL MART STORES INC .ooo 6.476 AA2 100.375 432,730.75 1.88 931142AQ6 6.500% 06/01/2003 AA 426,593.75 .B7 1,000,000.00 FEDERAL HOME LN MTG CORP DEBS l.454 4.481 AAA 100.435 1,018,200.00 4.43 3134A4FF6 4.500% 06/15/2003 DD 06/15/01 AAA 1,004,348.50 2.05 2,000,000.00 FEDERAL HOME LH BK CONS BOS 1.517 4.471 AAA 100.646 2,039,880.00 8.89 3133MG5Jl 4.500% 07/07/2003 DD 07/06/01 AAA 2,012,921.60 4.11 450,000.00 WELLS FARGO & CO SUBNT l.615 5.985 AA3 102.343 467,496.00 2.03 949740BY9 6.125% 11/01/2003 DD 11/01/93 A 460,543.50 .94 150,000.00 FEDERAL FARM CR BKS CONS MTN 1.664 6.444 AAA 101.645 155,796.00 .67 31331NW59 6.550% OB/19/2003 DD 08/19/96 AAA 152,467.23 .31 100,000.00 FEDERAL HOME LN BK CONS BDS l.664 5.843 AAA 101. 404 103,311.00 .44 3133M55B2 5.925% OB/14/2003 DD 08/14/98 AAA 101,404.10 .21 1,000,000.00 MORGAN STANLEY DW MTN ITR00349 l. 757 7.013 AA3 101. 593 1,045,350.00 4.48 61745EQN4 7.125% 08/15/2003 DD 08/10/00 AA-1,015,930.00 2.09 100,000.00 FEDERAL NATL MTG ASSN MTN l.917 6.686 AAA 100.355 102,765.00 .44 31364CDD7 6.710% 05/21/2003 DD 05/21/96 AAA 100,354.77 .21 540,000.00 WELLS FARGO & CO NEW HT 1.949 1.200 AA2 100.000 560,601.00 2 .38 949740CB5 7.200% 05/01/2003 DD 04/26/00 A+ 540,000.00 1.10 324,000.00 BANKAMERICA CORP SUB NT 2.372 6.848 AA3 100.390 336,312.00 1.43 066050BZ7 6.875% 06/01/2003 DD 06/01/93 A 325,263.60 .66 ,.1 YLDANAL OCSF07511102 DISTRICT! LIQUID OPERATING ======--=====·=-.-........:.==-=====----======--==- PAR VALUE SECURITY ID SECURITY DESCRIPTION 15,000,00 FEDERAL HOME LN BKS CONS BD 3133M4VC4 6.000% 07/14/2003 DD 07/14/98 TOTAL FIXED INCOME SECURITIES TOTAL YIELD ANALYSIS 2003/04/30 YT'M AT CURRENT MOODY MARKET BOOK YIELD S-P PRICE 2.751 5.939 AAA 101.025 AAA .211 6.400 3.682 PAGE RUN DATE RUN TIME TOTAL COST/ MARKET VALUE 15,470.85 15,153.72 22,954,602.55 22,636,953.33 49,255,564.39 48,937,915.17 4 I 05/06/03 I 10.52.34 % TYPE % TOTAL .06 .03 100.00 46.24 100.00 100.00 ,I YLDANAL YIELD ANALYSIS PAGE 5 OCSF07522202 2003/04/30 RUN DATE 05/06/03 DISTRICT: LONG-TERM OPERATING RUN TIME I 10.52.34 ===================================================================================.:.:========·==·======================= PAR VALUE YT'M AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ------------------------------------------------------------------------------------------------·- CASH & CASH EQUIVALENTS 1,200,000.00 FEDERAL HOME LN BK CONS DISC .ooo .ooo P-1 99.978 1,196,284.17 1.51 313384FG9 MAT 05/07/2003 A-1+ 1,199,737.80 .33 1,600,000.00 FEDERAL HOME LN BK CONS DISC .ooo .ooo P-1 99. 710 1,595,360.00 2.01 313384BZ5 MAT 07/11/2003 A-1+ 1,595,360.00 .44 15,800,000.00 FEDERAL HOME LN BK CONS DISC .ooo .ooo P-1 99.695 15,751,873.64 19.89 313384JEO MAT 07/16/2003 A-1+ 15,751,873.64 4.34 1,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.790 997,902.22 1.26 313396FY4 MAT 05/23/2003 A-1+ 997,902.22 .28 13,ooo,ooo.oo FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.859 12,944,923.33 16.39 313396HG1 MAT 06/24/2003 A-1+ 12,981,706.40 3.58 24,600,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.668 24,518,273.34 30.96 313396JD6 MAT 07/15/2003 A-1+ 24,518,273.34 6.76 2,200,000.00 FEDERAL HOME LN MTG CORP DISC .000 .000 P-1 99.598 2,191,163.64 2.76 313396KT9 MAT 08/22/2003 A-1+ 2,191,163.64 .60 1,300,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.554 1,294,204.89 1.63 313396LQ4 MAT 09/12/2003 A-1+ 1,294,204.89 .36 8,100,000.00 FEDERAL NATL MTG ASSN DISC NTS .ooo .ooo P-1 99.473 8,654,172.75 10.92 313588FP5 MAT 05/14/2003 A-1+ 8,654,172.75 2.38 2,200,000.00 FEDERAL NATL MTG ASSN DISCOUNT .ooo .ooo P-1 99.749 2,194,473.11 2.77 313588GRO MAT 06/09/2003 A-1+ 2,194,473.11 .60 4,500,000.00 FEDERAL NATL MTG ASSN DISC NTS .ooo .000 P-1 99.702 4,486,612.50 5.66 313588HH1 MAT 06/25/2003 A-1+ 4,486,612.50 1. 24 3,200,000.00 GENERAL ELEC CAP DISC .ooo .000 P-1 99.622 3,187,904.00 4.02 36959JTC7 06/12/2003 3,187,904.00 .88 ,.I YLDANAL YIELD ANALYSIS PAGE 6 OCSF07522202 2003/04/30 RUN DATE 05/06/03 DISTRICT: LONG-TERM OPERATING RUN TIME 10.52.34 ============================================================================================================================= PAR VALUE YT'M AT CURRENT MOODY MARICET TOTAL COST/ ' TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARICET VALUE ' TOTAL ------------------------------------------------------------------------------------------------ 136,735.74 DREYFUS TREASURY CASH MGMT .ooo 1.054 AAA 100.000 136,735.74 .17 996085247 AAA 136, 73S. 74 .04 ------------------------------------------TOTAL CASH ' CASH EQUIVALENTS .000 .ooo 79,149,883.33 100.00 79,190,120.03 21.83 FIXED INCOME SECURITIES 752,000.00 AIG SUNAHERICA GLO BDS USD .ooo S.304 110.292 826' 199. 84 .29 NA2789454 S.8SO% 01-AUG-2008 829,39S.84 .23 s,000,000.00 COMMIT TO PUR FNMA SF MTG .000 4.870 AAA 102.680 s,001,2so.oo 1.80 01FOS0460 S.000% 06/01/2018 DD 06/01/03 AAA S,133,984.SO 1. 41 4,000,000.00 COMMIT TO PUR FNMA SF MTG .ooo 4.888 AAA 102.289 4,08S,312.SO 1. 44 01FOS0478 S.000% 07/01/2018 DD 07/01/03 AAA 4,091,S62.40 1.13 15,ooo,ooo.oo COMMIT TO PUR FNMA SF MTG .ooo S.72S AAA 104.797 lS,660,937.SO 5.S4 01F0604Sl 6.000% OS/01/2018 DD OS/01/03 AAA lS,719,532.00 4.33 s,000,000.00 COMMIT TO PUR FNMA SF MTG .ooo 5.781 AAA 103.781 5,1Sl,S62.SO 1.82 01F060667 6.000% 06/01/2033 DD 06/01/03 AAA S1 189,062.50 1.43 l0,000,000.00 COMMIT TO PUR GNMA SF MTG .ooo 6.186 AAA lOS.078 10,480,937.SO 3.70 01N0626S6 6.SOO% OS/lS/2033 DD OS/01/03 AAA 10,S07,812.00 2.90 900,000.00 BEAR STEARNS MTN • TR 004S9 .ooo 1.627 A2 100.171 899,406.00 .31 073928VC4 VAR RT 12/01/2003 DD 08/17/01 A 901,S39.00 .2s l,soo,000.00 CIT GROUP INC NEW SR NT .ooo S.203 A2 lOS.703 1,527,135.00 .SS 12SS81ADO S.SOO% 11/30/2007 DD 12/02/02 A l,S8S,54S.OO .44 s,000,000.00 CITIGROUP INC GLOBAL SUB NT .ooo s.212 AA2 107.921 S,333,600.00 1.90 172967BPS S.62S% 08/27/2012 DD 08/26/02 A+ 5,396,0SO.OO 1. 49 150,196.10 DISTRIBUTION FINL 99-1 CL A4 .ooo S.801 100.669 1S3,340.84 .OS 2S47SMAD6 S.840% 10/17/2011 DD 03/18/99 lSl,200.91 .04 159,013.03 FHLMC GROUP IG4-03S3 .ooo 7.262 AAA 103.278 163,038.0S .OS 3128DBMA2 7.SOO% 10/01/2004 DD 03/01/99 AAA 164,226.27 .OS ,.I YLDANAL YIELD ANALYSIS PAGE 7 OCSF07522202 2003/04/30 RUN DATE I 05/06/03 DISTRICT: LONG-TERM OPERATING RUN TIME 10.52.34 ============================================================================================================================= PAR VALUE YT'M AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -----------------------------------------------------·-------------------------------·------·--------- 7,500,000.DD FEDERAL HOME LN BK CONS BDS .DOD 6.491 AAA 1D9. 773 7,997,62S.OO 2.9D 3133MAUN7 7.125% 02/1S/200S DD 02/08/DO AAA B,232,94S.OO 2.27 101,473.20 FHLMC GROUP 178-6064 .ooo 3. 728 AAA 103.09S 98,999.80 .03 31348SWZ3 6.384% 01/01/2028 DD 12/01/97 AAA 104, 613. 49 .03 11,3SO,OOO.OO FEDERAL NATL MTG ASSN DEBS .ooo 4.813 AAA 109.087 11,S21,271.SO 4.36 313S9M.JX2 S.2SO% 06/lS/2006 DD 06/22/01 AAA 12,381,401.74 3,41 2,402,S3S.21 GNMA POOL tDS693SS .DOO 6.189 AAA lOS.030 2,4SS,844.63 .es 36200QQK3 6.SOO\ 04/lS/2032 DD 04/01/02 AAA 2,S23,383.43 .10 394,484.62 GNMA II POOL f0080395 .000 4.424 AAA 101. 711 39D,9D9.61 .14 3622SCNM4 VAR RT 04/20/2030 DD 04/01/00 AAA 401,234.e4 .11 3,574,703.14 GNMA II POOL f080408X .ooo 4.424 AAA 101. 711 3,53e,397.56 i.2e 3622SCN2e 6.SDO\ OS/20/2030 DD OS/Dl/00 AAA 3,635,e50.22 1.00 3,000,000.0D GTE NORTH INC DEB SER A .ooo 5 .e09 Al 103.296 3,063,750.00 1.09 362337AD9 6,000% 01/15/2004 DD Ol/lS/94 A+ 3,098,880.00 .es 5,000,000.00 GENERAL ELEC CAP MTN tTR DOS7S .ooo 5.132 AAA 106.203 5,203,SOD.OO 1. e7 36962GZY3 S.4SO% Ol/lS/2013 DD 12/06/02 A-2 5 1 3101 150.00 1.46 4,000,000.00 GENERAL MTRS ACCEP MTN t00615 .OOD l.6el A2 99.937 3,99e,440.00 1.40 37042WEeO VAR RT oe/04/2003 DD oe/03/01 BBB 3,997,480.00 1.10 3,000,000.00 GENERAL MTRS ACCEP CORP SR NT .ooo 5,e9e A2 103. e43 3,064,350.00 1.09 370425SD3 6.125% Oe/28/2007 DD 08/29/02 BBB 3,115,290.0D .e6 3,000,000.oD GOLDMAN SACHS GROUP INC SR NT .ooo J.997 AA3 103.203 3,030,03D.OD 1.09 38141GCS1 4.125% Ol/lS/2008 DD 01/13/03 A+ 3,D96,090.00 .es 1,635,000.0D HOUSEHOLD FIN CORP NT .ooo 5.820 A2 109.531 1,772,820.00 .63 441812JWS 6.37S% 10/lS/2011 DD 10/23/01 A 1, 790,831.85 .49 3,DD0,000.0D .JP MORGAN CHASE & CO SUB NT .ooo 5.412 A2 106.250 3,127,260.00 1.12 4662SBAT7 S.7SO% 01/02/2013 DD 11/2S/02 A 3,le7,500.00 .8e 3,20D,OOO.OO MORGAN STANLEY NT .ODD 3.596 AA3 100.e12 3,195,648.DO 1.13 617446BW2 3.625% 04/01/2008 DD 03/06/03 A+ 3,225,9e4.00 .89 3,000,000.00 NATIONAL RURAL UTILS COOP FIN .ooo 6.174 A2 117.421 3,465,480.00 1. 24 637432CU7 7.250% 03/01/2012 DD 03/07/02 A 3,522,63D.OO .97 ,I YLDANAL YIELD ANALYSIS PAGE 8 OCSF07522202 200l/04/l0 RUN DATE I 05/06/0l DISTRICT: LONG-TERM OPERATING RUN TIME 10.52.l4 ============================================================================================================================= PAR VALUE YT'H AT CURRENT MOODY MARKET TOTAL COST/ % TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL --~----~---------~-·------------------------·-----------------·----------------------------------- 5,000,000.00 PHILIP MORRIS COS INC HTS .ooo 7.l5l BAA2 102.000 5,26l,OOO.OO 1. 79 718154CB8 7.500% 04/01/2004 DD 04/01/97 BBB 5,100,000.00 1.41 112,16l.76 PREMIER AUTO TR 99-l CL A-4 .ooo 6.427 AAA 100.047 115,28l.ll .Ol 74046RFW6 6.4l0% Ol/08/2004 DD 06/21/99 112,216.l6 .Ol 3,679,356.91 SBA GTD DEV PARTN 2001-20C 1 .000 5. 742 AAA 110.420 l,679,l56.91 l.4l 8ll62CLJO 6.l40% Ol/01/2021 AAA 4,062,745.90 1.12 2,6l7,657.40 SBA GTD PARTN CTFS SBIC-PS 01 .ooo 6.010 AAA 110.480 2,637,657.40 1.02 8ll641DD4 6.640% 02/10/2011 DD 02/21/01 HR 2,914,08l.90 .80 1,600,000.00 UNITED AIRLS PASSTBRU 01-1 c .ooo 27.882 Bl 24.500 1,600,000.00 .ll 909ll7BC2 6.8ll% Ol/01/2010 DD 08/22/01 A-392,000.00 .11 20,000,000.00 U S TREASURY NOTES .ooo 5.476 AAA 114 .125 22,620,ll2.50 8.04 9128272JO 06.250% 02/15/2007 DD 02/15/97 AAA 22,925,000.00 6.29 57,100,000.00 U S TREASURY NOTES .ooo 5.2l0 AAA 109.9l8 62,782,901.47 22.12 9128276N7 05 .750% 11/15/2005 DD 11/15/00 AAA 62,774,ll2.50 17. 30 l,000,000.00 VERIZON GLOBAL FOO CORP GLOBAL .ooo 6.219 A2 118.59l 3,5l0,490.00 1.25 92l44GATl 7.l75% 09/01/2012 DD 08/26/02 A+ 3,557,790.00 .98 l,500,000.00 VIRGINIA ELEC ' PWR 01 SER A .ODO 5.l2l Al 108.015 3,487,680.00 1. l3 927804ENO 5.750% 03/31/2006 DD 03/27/01 BBB+ 3,780,525.00 1. 04 16,175,320.00 US TREASURY INFLATION INDEX NT 3.817 l.103 AAA 108.781 14,241,422.69 6.20 9128272M3 l.l75% 01/15/2007 DD 01/15/97 AAA 17,595,715.29 4.85 3,950,000.00 GMAC NTS 5. 752 1.442 A2 99.828 3,918,768.50 1. l9 370425QV5 VAR RT 08/18/2003 DD 08/17/98 BBB l,94l,206.00 1. 09 2,000,000.00 BANKERS TR NY CORP GLOBAL NT 5.881 1.450 Al 100.000 1,9921 800,00 .10 066l65DW4 FLTG RT 05/11/200l DD 05/11/98 A 2,000,000.00 .55 15,500,000.00 FEDERAL NATL MTG ASSN DEBS 5 .967 6.486 AAA 109.851 16,154,410.00 6.00 31359MFH1 7.125% 02/15/2005 DD 02/14/00 AAA 17,026,849.20 4.69 1,387,260.94 FHLMC MULTICLASS MTG SER El A 6 .316 4.l50 AAA 98.240 1,388,738.94 .48 3133TCE95 VAR RT 08/15/2032 DD 12/01/97 AAA 1,362,845.15 .38 1,026,255.86 GNMA GTD REMIC TR 2000-9 FH 6 .320 1.800 AAA 100.633 1,026,255.86 .36 3837H4NX9 VAR RT 02/16/2030 AAA 1,032,752.06 .28 I J• YLDANAL YIELD ANALYSIS PAGE 9 OCSF07522202 2003/04/30 RUN DATE 05/06/03 DISTRICT: LONG-TERM OPERATING RUN TIME I 10.52.34 ===========================================================================~===========-=====:=====:~~=================-====== PAR VALUE YT'M AT CURRENT MOODY MARKET TOTAL COST/ ts TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE ts TOTAL -------------------------------------------------------------------------------------------------- 13,544.06 GNMA POOL 10500917 6. 389 5. 718 AAA 104.926 12,856.28 .oo 36210SPAO 6.000% 04/15/2029 DD 04/01/99 AAA 14,211.21 .oo 50,927.84 GNMA POOL 10506636 6 .389 5.718 AAA 104.926 48,341.66 .01 36210YY90 6.000% 04/15/2029 DD 04/01/99 AAA 53,436.43 .01 538,670.58 GNMA POOL 10503388 6 .389 5. 718 AAA 104.926 511,316.21 .19 36210VF55 6.000% 03/15/2029 DD 03/01/99 AAA 565,204.31 .16 19,578.74 GNMA POOL 10499153 6. 389 5.718 AAA 104.926 18,584.50 .oo 362100QE5 6.000% 02/15/2029 DD 02/01/99 AAA 20,543.15 .01 660,721.38 GNMA POOL 10496461 6.390 s. 718 AAA 104.926 627,169.10 .24 36210MQN4 6.000% 01/15/2029 DD 01/01/99 AAA 693,267.06 .19 172,311.42 GNMA POOL 10491103 6.390 5. 718 AAA 104.926 163,561.24 .06 36210FRY4 6.000% 01/15/2029 DD 01/01/99 AAA 180,799.10 .OS 16 I 209 • 98 GNMA POOL 10486720 6 .390 5. 718 AAA 104.926 15,386.82 .oo 36210AVM6 6.000% 12/15/2028 DD 12/01/98 AAA 17,008.45 .oo 32,316.30 GNMA POOL 10497343 6. 390 5 .718 AAA 104.926 30,675.25 .01 36210NP45 6.000% 12/15/2028 DD 12/01/98 AAA 33,908.13 .01 26,817.59 GNMA POOL 10469688 6 .391 s. 718 AAA 104.926 25,455.77 .oo 36209EXR8 6.000% 11/15/2028 DD 11/01/98 AAA 28,138.57 .01 30,493.62 GNMA POOL 10467279 6. 391 5.715 AAA 104.988 28,945.12 .01 36209CCQ7 6.000% 10/15/2028 DD 10/01/98 AAA 32,014.73 .01 58,571.85 GNMA POOL 10457814 6 .391 5.715 AAA 104.988 55,597.49 .02 36208QSB3 6.000% 10/15/2028 DD 10/01/98 AAA 61,493.58 .02 576,844.41 GNMA POOL 10467286 6 .391 s. 715 AAA 104.988 547,551.53 .21 36209CCX2 6.000% 10/15/2028 DD 10/01/98 AAA 605,619.02 .17 740,980.53 GNMA POOL 10465555 6. 392 s. 715 AAA 104.988 703,352.63 .27 36209AE48 6.000% 09/15/2028 DD 09/01/98 AAA 777,942.71 .21 22,678.75 GNMA POOL 10483452 6. 392 s. 715 AAA 104.988 21,527.09 .oo 36209WBV3 6.000% 09/15/2028 DD 09/01/98 AAA 23,810.03 .01 702,555.92 GNMA POOL 10465546 6.392 5. 715 AAA 104.988 666,879.26 .26 36209AET3 6.000% 08/15/2028 DD 08/01/98 AAA 737,601.38 .20 ,.1 YLDANAL YIELD ANALYSIS PAGE 10 OCSF07522202 2003/04/30 RUN DATE 05/06/03 DISTRICT: LONG-TERM OPERATING RUN TIME 10.52.34 ========================================================:===================================================================== PAR VALUE YT'M AT CURRENT MOODY MARKET TOTAL COST/ ¥s TYPE SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE ¥s TOTAL --------------------------------------------------------------------------------------------------- 592,399.99 GNHA POOL 10468339 6. 392 5. 715 AAA 104.988 562,317.20 .21 36209DHQO 6.000% 08/15/2028 DD 08/01/98 AAA 621,950.56 .17 36,348.10 GNHA POOL 10438057 6.393 5. 715 AAA 104.988 34,502.31 .01 36207PTN9 6.000'5 05/15/2028 DD 05/01/98 AAA 38,161.25 .01 32,154.37 GNHA POOL 10468330 6.393 5. 715 AAA 104.988 30,521.52 .01 36209DHF4 6,000'5 05/15/2028 DD 05/01/98 AAA 33,758.32 .01 1,135,750.48 FBLHC HULTICLASS CTF Tll A6 6 .496 6.410 AAA 101. 407 1,136,254.76 .40 3133TDPV2 6.500¥s 09/25/2018 AAA 1,151,730.49 .32 2,899,004.64 FBLHC HULTICLASS CTF SER 1620Z 6 .499 5.531 AAA 108.487 2,742,864.70 1.10 3133T17A4 6.000'5 11/15/2023 DD 11/01/93 AAA 3,145,043.16 .87 490,327.81 GNHA II POOL I080088H 6.705 5.227 AAA 102.822 501,053.73 .17 36225CC20 7.375'5 06/20/2027 DD 06/01/97 AAA 504,166.82 .14 2,000,000.00 HARSH 5 MCLENNAN COS INC SR NT 6. 717 6.282 A2 105.468 1,992,280.00 • 74 571748AB8 6.625¥s 06/15/2004 DD 06/14/99 AA-2,109,360.00 .58 3,000,000.00 FORD MTR CR CO GLOBAL LANDMARK 6.739 6.457 A3 103.765 2,995,080.00 1.09 345397SJ3 6.700'5 07/16/2004 DD 07/16/99 BBB 3,112,950.00 .86 2,500,000.00 COUNTRYWIDE HOME LNS INC HT 6.866 6.482 A3 105.671 2,498,400.00 .93 22237UAB8 6.850'5 06/15/2004 DD 06/24/99 A 2,641,775.00 ,73 333,308.71 GNHA II POOL 10080023 6 .992 5.422 AAA 103.750 338,829.14 .12 36225CAZ9 VAR RT 12/20/2026 DD 12/01/96 AAA 345,807.79 .10 2,100,000.00 FEDERAL NATL MTG ASSN DEBS 7 .113 5.632 AAA 117.623 2,030,133.00 .87 31359MEY5 6.625'5 09/15/2009 DD 09/01/99 AAA 2,470,084.05 .68 792,684.47 GREYSTOHE SVCG CORP FHA 195-7 7 .56' 7.187 AAA 103.379 781,103.85 .28 39810IAE4 7,430% 06/01/2023 DD 02/29/00 AAA 819,468.09 .23 1,000,000.00 FORD MOTOR CR CO HT 7.582 6.552 A3 103.015 965,170.00 .36 345397GV9 6.750\ 05/15/2005 DD 05/24/93 BBB 1,030,150.00 .28 951,928.65 WNP/HUNTOON PAIGE I000-11150 7.684 6.986 AAA 107.357 931,253.96 .36 302998GE3 7.500'5 12/01/2030 DD 10/21/99 AAA 1,021,958.61 .28 3,000,000.00 PACIFICORP SECD MTN ITR 00115 7.709 6.796 A3 107.421 2,950,530.00 1.13 69512EEU5 7.300'5 10/22/2004 DD 10/22/92 A 3,222,630.00 ,89 , .. YLDANAL OCSF07522202 DISTRICT: LONG-TERM OPERATING YIELD ANALYSIS 2003/04/30 ----------------------=-=-=-=== PAR VALUE SECURITY ID SECURITY DESCRIPTION 1,6001000.00 ALLSTATE CORP SR NT 020002AL5 7,875\ 05/01/2005 DD 05/01/00 TOTAL FIXED INCOME SECURITIES TOTAL YTH AT CURRENT MOODY MARKET PRICE BOOK YIELD S-P 7.967 • 746 .110 7.074 Al 111.328 A+ 5.270 5.021 PAGE RUN DATE RUN TIME TOTAL COST/ MARKET VALUE 1,594,032.00 1,781,248.00 275,290,649.53 283,669,456.35 354,440,532.86 362,859,576.38 -=== 11 I 05/06/03 I 10,52,34 \ TYPE \ TOTAL .62 .49 100.00 78.19 100.00 100.00 ,.I· OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE PURCHASES CASH & CASH EQUIVALENTS 722.02 996085247 B 722.02 996085247 FC 24,600,000.00 99403R535 B 24,600,000.00 99403R535 FC 13,750.00 996085247 B 13,750.00 996085247 FC 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 01.250% 04/02/2003 DD 04/01/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 01.250% 04/02/2003 DD 041011 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 01-Apr-2003 01-Apr-2003 01-Apr-2003 01-Apr-2003 01-Apr-2003 OI-Apr-2003 Ol-Apr-2003 01-Apr-2003 01-Apr-2003 01-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 II PAGE: 7 ,.I AMOUNT/ COST/ GAIN/LOSS -722.02 722.02 0.00 -722.02 0.00 0.00 -24,600,000.00 24,600,000.00 0.00 -24,600,000.00 0.00 0.00 -13,750.00 13,750.00 0.00 -13,750.00 0.00 0.00 Executive Wnrkhrm.r:h OCSGOOOJOOOO OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 82,580.83 996085247 B 82,580.83 996085247 FC 24,600,000.00 313396106 B 24,600,000.00 313396106 FC 1,796,024.73 996085247 B 1,796,024.73 996085247 FC 1,564,000.00 996085247 B 07-May-2003 13: 52: 51 JI Mellon Trust-Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 07/15/2003 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 07/15/2003 GOLDMAN SACHS & CO, NY LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT II TRADE DATE/ SETTLDATE/ COMPLDATE 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 08-Apr-2003 08-Apr-2003 PAGE: 2 AMOUNT/ COST/ GAIN/LOSS -82,580.83 82,580.83 0.00 -82,580.83 0.00 0.00 -24,518,273.34 24,518,273.34 0.00 -24,518,273.34 0.00 0.00 -1,796,024.73 1,796,024.73 0.00 -1,796,024.73 0.00 0.00 -1,564,000.00 1,564,000.00 0.00 ,.1 Executive WnrkhP.nr.h @ II Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJ 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LIQUID OPER-PIMCO 1,564,000.00 DREYFUS TREASURY CASH MGMT 996085247 FC LIQUID OPER-PIMCO 3,400,000.00 LEHMAN BROTHERS REPO 99404A283 0 l.240% 04/11/2003 DD 04/10/ B LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO 3,400,000.00 LEHMAN BROTHERS REPO 99404A283 Ol.240% 04/11/2003 DD 04/10/ FC LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO 117.11 DREYFUS TREASURY CASH MGMT 996085247 B LIQUID OPER-PIMCO 117.11 DREYFUS TREASURY CASH MGMT 996085247 FC LIQUID OPER-PIMCO 1,700,000.00 LEHMAN BROTHERS REPO 99404B497 Ol.200% 04/14/2003 DD 04/11/ B LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO 1, 700,000.00 LEHMAN BROTHERS REPO 994048497 01.200% 04/14/2003 DD 04/11/ FC LEHMAN GOVT SECS INC, NY 07-May-2003 13:52:51 TRADE DATE/ SETTLDATE/ COMPLDATE 08-Apr-2003 08-Apr-2003 08-Apr-2003 10-Apr-2003 10-Apr-2003 10-Apr-2003 10-Apr-2003 10-Apr-2003 l l-Apr-2003 l l-Apr-2003 11-Apr-2003 11-Apr-2003 11-Apr-2003 l l-Apr-2003 1 l-Apr-2003 l l-Apr-2003 11-Apr-2003 l l-Apr-2003 PAGE: 3 AMOUNT/ COST/ GAIN/LOSS -1,564,000.00 0.00 0.00 -3,400,000.00 3,400,000.00 0.00 -3,400,000.00 0.00 0.00 -117.11 117.11 0.00 -117.11 0.00 0.00 -1,700,000.00 l, 700,000.00 0.00 -1,700,000.00 Executive Wnrlrh1mr.h 0.00 0.00 OCSGOOOl 0000 OCSD-CONSOLlDATED SHARES/PAR SECURITY ID TRANSCODE 1, 700,000.00 99404B448 B 1, 700,000.00 99404B448 FC 340.00 996085247 B 340.00 996085247 FC 1,700,000.00 99404B794 B I, 700,000.00 99404B794 FC 1, 700,000.00 99404C941 B 07-May-2003 13:52:51 II l\1ellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO CREDIT SUISSE FB REPO Ol.200% 04/14/2003 DD 04/J J/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.200% 04/14/2003 DD 04/J I/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.260% 04/15/2003 DD 04/14/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.260% 04/15/2003 DD 04/14/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.260% 04/15/2003 DD 04/14/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE l l-Apr-2003 l l-Apr-2003 l l-Apr-2003 l l-Apr-2003 l l-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 l 4-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 II PAGE: 4 ·' AMOUNT/ COST/ GAIN/LOSS -1, 700,000.00 1,700,000.00 0.00 -1,700,000.00 0.00 0.00 -340.00 340.00 0.00 -340.00 0.00 0.00 -1,700,000.00 1, 700,000.00 0.00 -1,700,000.00 0.00 0.00 -1,700,000.00 1, 700,000.00 0.00 Executive Wnrkh1mr.h OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 1, 700,000.00 99404C941 FC 119.00 996085247 B 119.00 996085247 FC 989,437.98 996085247 B 989,437.98 996085247 FC 1, 700,000.00 99404E061 B 1,700,000.00 99404E061 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.260% 04/15/2003 DD 04/14/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID 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 LEHMAN CAT 2 REPO 01.300% 04/16/2003 DD 04/15/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.300% 04/16/2003 DD 04/15/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 14-Apr-2003 14-Apr-2003 14-Apr-2003 15-Apr-2003 15-Apr-2003 l 5-Apr-2003 l 5-Apr-2003 15-Apr-2003 l 5-Apr-2003 15-Apr-2003 l 5-Apr-2003 15-Apr-2003 l 5-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 l 5-Apr-2003 PAGE: 5 •' AMOUNT/ COST/ GAIN/LOSS -1,700,000.00 0.00 0.00 -119.00 119.00 0.00 -119.00 0.00 0.00 -989,437.98 989,437.98 0.00 -989,437.98 0.00 0.00 -1,700,000.00 1,700,000.00 0.00 -1,700,000.00 0.00 0.00 Executive Wnrkh1mr.h @ Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJ 0000 Ol-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LIQUID OPER-PIMCO 1, 700,000.00 CREDIT SUISSE FB REPO 99404El37 01.300% 04/16/2003 DD 04/15/ B CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO l, 700,000.00 CREDIT SUISSE FB REPO 99404El37 01.300% 04/16/2003 DD 04/15/ FC CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO 1,600,000.00 FEDERAL HOME LN BK CONS DISC 313384HZ5 MAT 07/11/2003 B BANK OF NY BARCLAYS DE ZOETE LONG TERM OPER-PIMCO 1,600,000.00 FEDERAL HOME LN BK CONS DISC 313384HZ5 MAT 07/11/2003 FC BANK OF NY BARCLAYS DE ZOETE LIQUID OPER-PIMCO 122.78 DREYFUS TREASURY CASH MGMT 996085247 B LIQUID OPER-PIMCO 122.78 DREYFUS TREASURY CASH MGMT 996085247 FC LIQUID OPER-PIMCO 1, 700,000.00 LEHMAN CAT 2 REPO 99404F456 01.210% 04/17/2003 DD 04/16/ B LEHMAN GOVT SECS INC, NY 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 15-Apr-2003 l 5-Apr-2003 l 5-Apr-2003 l 5-Apr-2003 l 5-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 16-Apr-2003 l 6-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 PAGE: 6 AMOUNT/ COST/ GAIN/LOSS -1,700,000.00 l, 700,000.00 0.00 -1,700,000.00 0.00 0.00 -1,595,360.00 1,595,360.00 0.00 -1,595,360.00 0.00 0.00 -122.78 122.78 0.00 -122.78 0.00 0.00 -1,700,000.00 1, 700,000.00 0.00 " Executive Wnrkh1mr.h OCSGOOOJOOOO OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSCODE 1,700,000.00 99404F456 FC 1,700,000.00 99404F654 B 1,700,000.00 99404F654 FC 15,800,000.00 313384JEO B 15,800,000.00 313384JEO FC 114.28 996085247 B 114.28 996085247 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL Ol-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.210% 04/17/2003 DD 04/16/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.210% 04/17/2003 DD 04/16/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.210% 04/17/2003 DD 04/16/ CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 07/16/2003 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 07/16/2003 GOLDMAN SACHS & CO, NY LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 l 6-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 l 6-Apr-2003 16-Apr-2003 16-Apr-2003 17-Apr-2003 17-Apr-2003 17-Apr-2003 17-Apr-2003 l 7-Apr-2003 -PAGE: 7 AMOUNT/ COST/ GAIN/LOSS -1,700,000.00 0.00 0.00 -1,700,000.00 1,700,000.00 0.00 -1,700,000.00 0.00 0.00 -15,751,873.64 15,751,873.64 0.00 -15,751,873.64 0.00 0.00 -114.28 114.28 0.00 -114.28 0.00 0.00 ,1 Executive Wnrkh1mr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 1,700,000.00 99404G686 B 1,700,000.00 994040686 FC 1,700,000.00 99404G744 B 1,700,000.00 99404G744 FC 204,408.95 996085247 B 204,408.95 996085247 FC 28,705.87 996085247 B 07-May-2003 13:52:51 II M ellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO Ol.170% 04/22/2003 DD 04/17/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/22/2003 DD 04/17/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/22/2003 DD 04/17 I CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/22/2003 DD 04/17/ 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 DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE l 7-Apr-2003 17-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 17-Apr-2003 17-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 21-Apr-2003 21-Apr-2003 2 l-Apr-2003 21-Apr-2003 21-Apr-2003 22-Apr-2003 22-Apr-2003 II PAGE: 8 AMOUNT/ COST/ GAIN/LOSS -1,700,000.00 1,700,000.00 0.00 -1,700,000.00 0.00 0.00 -1,700,000.00 l, 700,000.00 0.00 -1 ,700,000.00 0.00 0.00 Executive Wnrkhfmr.h -204,408.95 204,408.95 0.00 -204,408.95 0.00 0.00 -28,705.87 28,705.87 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 28,705.87 996085247 FC 1,700,000.00 99404K703 B 1,700,000.00 99404K703 FC 1,600,000.00 99404Q213 B 1,600,000.00 99404Q213 FC 2,500,000.00 99404M154 B 2,500,000.00 99404M154 FC 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01 .170% 04/23/2003 DD 04/22/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/23/2003 DD 04/22/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN BROS INC REPO 01.170% 04/23/2003 DD 04/22/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN BROS INC REPO 01 .170% 04/23/2003 DD 04/22/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/24/2003 DD 04/23/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/24/2003 DD 04/23/ CREDIT SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 28-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 II PAGE: 9 ,• AMOUNT/ COST/ GAIN/LOSS -28,705.87 0.00 0.00 -1,700,000.00 1,700,000.00 0.00 -1,700,000.00 0.00 0.00 -1,600,000.00 1,600,000.00 0.00 -1,600,000.00 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 E.xecutive Wnrklumr.h OCSGOOOJOOOO OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 2,500,000.00 99404M139 B 2,500,000.00 99404Ml39 FC 2,200,000.00 313396KT9 B 2,200,000.00 313396KT9 FC 2,500,000.00 99404M584 B 2,500,000.00 99404M584 FC 2,500,000.00 99404N244 B 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/24/2003 DD 04/23/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/24/2003 DD 04/23/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 08/22/2003 DAIN RAUSCHER INC, MINN LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 08/22/2003 DAIN RAUSCHER INC, MINN LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01 .180% 04/25/2003 DD 04/24/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.180% 04/25/2003 DD 04/24/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.180% 04/25/2003 DD 04/24/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 PAGE: JO ,• AMOUNT/ COST/ GAIN/LOSS -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 -2,191,163.64 2,191,163.64 0.00 -2, 191, 163.64 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 Executive Wnrkhmr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 2,500,000.00 99404N244 FC 245,545.02 996085247 B 245,545.02 996085247 FC 2,500,000.00 99404P546 B 2,500,000.00 99404P546 FC 2,500,000.00 99404N665 B 2,500,000.00 99404N665 FC 07-May-2003 13: 52: 51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.180% 04/25/2003 DD 04/24/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PlMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.160% 04/28/2003 DD 041251 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO Ol.160% 04/28/2003 DD 04/25/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO Ol.160% 04/28/2003 DD 04125/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO Ol.160% 04/28/2003 DD 041251 CREDIT SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE 24-Apr-2003 24-Apr-2003 24-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 PAGE: 11 AMOUNT/ COST/ GAIN/LOSS -2,500,000.00 0.00 0.00 -245,545.02 245,545.02 0.00 -245,545.02 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 Executive Wnrkh1mr.h OCSGOOOlOOOO OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 10,680.39 996085247 B 10,680.39 996085247 FC 150,929.70 996085247 B 150,929.70 996085247 FC I ,000,000.00 99404Rll2 B l,000,000.00 99404Rl12 FC 2,500,000.00 99404Rl 12 B 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER 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 LEHMAN CAT 2 REPO Ol.230% 04/29/2003 DD 04/28/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO LEHMAN CAT 2 REPO Ol.230% 04/29/2003 DD 04/28/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO Ol.230% 04/29/2003 DD 04/28/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 PAGE: 12 I ' AMOUNT/ COST/ GAIN/LOSS -10,680.39 10,680.39 0.00 -10,680.39 0.00 0.00 -150,929. 70 150,929.70 0.00 -150,929.70 0.00 0.00 -1,000,000.00 1,000,000.00 0.00 -1,000,000.00 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 Executive Wnrf<h,mr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 2,500,000.00 99404Rl 12 FC 2,500,000.00 99404Q890 B 2,500,000.00 99404Q890 FC 1,000,034.17 996085247 B 1,000,034.l 7 996085247 FC 170.14 996085247 B 170.14 996085247 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.230% 04/29/2003 DD 04/28/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.220% 04/29/2003 DD 04/28/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.220% 04/29/2003 DD 04/28/ CREDIT SUISSE FIRST BOSTON C 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 TRADE DATE/ SETTLDATE/ COMPLDATE 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 PAGE: 13 AMOUNT/ COST/ GAIN/LOSS -2,500,000.00 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 -1,000,034.17 1,000,034.17 0.00 -1 ,000,034.17 0.00 0.00 -170.14 170.14 0.00 -170.14 0.00 0.00 ,1 Executive Wnrkh1mr.h OCSGOOOJOOOO OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSCODE 1,300,000.00 313396LQ4 B 1,300,000.00 313396LQ4 FC 2,500,000.00 99404R393 B 2,500,000.00 99404R393 FC 2,500,000.00 99404S433 B 2,500,000.00 99404S433 FC 134.85 996085247 B 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 09/12/2003 LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 09/12/2003 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.240% 04/30/2003 DD 04/29/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.240% 04/30/2003 DD 04/29/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.240% 04/30/2003 DD 04/29/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.240% 04/30/2003 DD 04/29/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 30-Apr-2003 30-Apr-2003 PAGE: J4 •' AMOUNT/ COST/ GAIN/LOSS -1,294,204.89 1,294,204.89 0.00 -1,294,204.89 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 -2,500,000.00 2,500,000.00 0.00 -2,500,000.00 0.00 0.00 -134.85 134.85 0.00 Executive Wnrkhfmr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 134.85 996085247 FC 1,800,000.00 313588FA8 B 1,800,000.00 313588FA8 FC 3,200,000.00 99404T910 B 3,200,000.00 99404T910 FC FIXED INCOME SECURITIES -5,000,000.00 01F052441 BC 154,451.63 31371KRX1 B 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO FEDERAL NATL MTG ASSN DISCOU MAT 05/01/2003 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO FEDERAL NATL MTG ASSN DISCOU MAT 05/01/2003 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.200% 05/01/2003 DD 04/30/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.200% 05/01/2003 DD 04/30/ CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 5.500% 04/01/2018 DD 04/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0254402 5.500% 08/01/2017 DD 071011 GOLDMAN SACHS & CO, NY TRADE DATE/ SETTLDATE/ COMPLDATE 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 PAGE: 15 ,,1 AMOUNT/ COST/ GAIN/LOSS -134.85 0.00 0.00 -1,799,937.50 1, 799,937.50 0.00 -1,799,937.50 0.00 0.00 -3,200,000.00 3,200,000.00 0.00 -3,200,000.00 0.00 0.00 5, 156,250.00 -5, 156,250.00 0.00 -159,278.24 159,278.24 0.00 Executive Wnrkhrmr.h OCSGOOO I 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 154,451.63 31371KRX1 IB 154,451.63 31371KRX1 FC 87,841.37 31371KVC2 B 87,841.37 31371KVC2 IB 87,841.37 31371KVC2 FC 840,448.61 31383SSJO B 840,448.61 31383SSJO IB 07-May-2003 13:52:51 II Mellon Trust -Sampl.e Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FNMA POOL #0254402 5.500% 08/01/2017 DD 07/01/ LONG TERM OPER-PIMCO FNMA POOL #0254402 5.500% 08/01/2017 DD 07/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0254511 5.500% 11/01/2017 DD 10/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0254511 5.500% 11/01/2017 DD 10/01/ LONG TERM OPER-PIMCO FNMA POOL #0254511 5.500% 11101/2017 DD 10/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0511821 5.500% 06/01/2016 DD 06/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0511821 5.500% 06/01/2016 DD 06/01/ TRADE DATE/ SETTLDATE/ COMPLDATE 12-Feb-2003 2 l-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 2 l-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 2 l-Apr-2003 12-Feb-2003 2 l-Apr-2003 PAGE: 16 AMOUNT/ COST/ GAIN/LOSS Executive WnrkhP.nr.h -471.94 0.00 0.00 -159,750.18 0.00 0.00 -90,586.41 90,586.41 0.00 -268.40 0.00 0.00 -90,854.81 0.00 0.00 -866,712.63 866,712.63 0.00 -2,568.04 0.00 0.00 @ Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJOOOO 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO 840,448.61 FNMA POOL #0511821 31383SSJO 5.500% 06/01/2016 DD 06/01/ FC GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO 159,451.85 FNMA POOL #0545300 31385HX56 5.500% 11/01/2016 DD 10/01/ B GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO 159,451.85 FNMA POOL #0545300 31385HX56 5.500% 11/01/2016 DD 10/01/ IB LONG TERM OPER-PIMCO 159,451.85 FNMA POOL #0545300 31385HX56 5.500% 11/01/2016 DD 10/01/ FC GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO 109,729.50 FNMA POOL #0545894 31385JNKO 5.500% 01/01/2017 DD 08/01/ B GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO 109,729.50 FNMA POOL #0545894 31385JNKO 5.500% 01/01/2017 DD 08/01/ IB LONG TERM OPER-PIMCO 109,729.50 FNMA POOL #0545894 31385JNKO 5.500% 01/01/2017 DD 08/01/ FC GOLDMAN SACHS & CO, NY 07-May-2003 13:52:51 TRADE DATE/ SETTLDATE/ COMPLDATE 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 2 l-Apr-2003 22-Apr-2003 . PAGE: 17 AMOUNT/ COST/ GAIN/LOSS -869,280.67 0.00 0.00 -164,434.72 164,434.72 0.00 -487.21 0.00 0.00 -164,921.93 0.00 0.00 -113, 158.55 113,158.55 0.00 -335.28 0.00 0.00 -113,493.83 0.00 0.00 ,1 E.xecutive Wnrkh1mr.h OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 871,636.59 31385JNV6 B 871,636.59 31385JNV6 IB 871,636.59 31385JNV6 FC 845,448.51 31388EBR6 B 845,448.51 31388EBR6 IB 845,448.51 31388EBR6 FC 128,264.12 31389EGQ2 B 07-May-2003 13:52:51 II MelJon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FNMA POOL #0545904 5.500% 09/01/2017 DD 08/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0545904 5.500% 09/01/2017 DD 08/01/ LONG TERM OPER-PIMCO FNMA POOL #0545904 5.500% 09/01/2017 DD 08/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0602248 5.500% 11/01/2016 DD 11 /01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0602248 5.500% 11/01/2016 DD 11 /01/ LONG TERM OPER-PIMCO FNMA POOL #0602248 5.500% 11/01/2016 DD 11101/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0623107 5.500% 01/01/2017 DD 01 IOI/ GOLDMAN SACHS & CO, NY TRADE DATE/ SETTLDATE/ COMPLDATE 12-Feb-2003 2 l-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 21-Apr-2003 II PAGE: 18 ,' AMOUNT/ COST/ GAIN/LOSS -898,875.23 898,875.23 0.00 -2,663.33 0.00 0.00 -901,538.56 0.00 0.00 -871,868. 78 871,868.78 0.00 -2,583.31 0.00 0.00 -874,452.09 0.00 0.00 -132,272.37 132,272.37 0.00 Executive WnrkhP.nr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 128,264.12 31389EGQ2 IB 128,264.12 31389EGQ2 FC 890,170.75 31389JGU2 B 890,170.75 31389JGU2 IB 890,170.75 31389JGU2 FC 912,058.77 31391FC30 B 912,058.77 31391FC30 IB 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FNMA POOL #0623107 5.500% 01/01/2017 DD 01/01/ LONG TERM OPER-PIMCO FNMA POOL #0623107 5.500% 01/01/2017 DD 01 /01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0626711 5.500% 01/01/2017 DD 01/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0626711 5.500% 01/01/2017 DD 01 /01/ LONG TERM OPER-PIMCO FNMA POOL #0626711 5.500% 01/01/2017 DD 01 /0l/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0665290 5.500% 10/01/2017 DD 10/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO FNMA POOL #0665290 5.500% 10/01/2017 DD 10/01/ TRADE DATE/ SETTLDATE/ COMPLDATE 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 12-Feb-2003 21-Apr-2003 22-Apr-2003 12-Feb-2003 2 l-Apr-2003 12-Feb-2003 21-Apr-2003 ' PAGE: 19 AMOUNT/ COST/ GAIN/LOSS -391.92 0.00 0.00 -132,664.29 0.00 0.00 -917,988.59 917,988.59 0.00 -2,719.97 0.00 0.00 -920, 708.56 0.00 0.00 -940,560.61 940,560.61 0.00 -2,786.85 0.00 0.00 ··' Executive Wnrkh1m~h OCSG00010000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 912,058.77 31391FC30 FC 5,000,000.00 01F060642 FC 2,000,000.00 01F050445 FC 3,000,000.00 01F050445 FC -6,000,000.00 01F060444 BC -3,000,000.00 01F060444 BC -6,000,000.00 01F060444 BC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FNMA POOL #0665290 5.500% 10/01/2017 DD ]()/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2033 DD 04/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 5.000% 04/01/2018 DD 04/01/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 5.000% 04/0112018 DD 04/01/ BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 04/01/ MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 04/01/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 04/01/ BK OF AMER NATL TR & SVGS CT TRADE DATE/ SETTLDATE/ COMPLDATE 12-Feb-2003 21-Apr-2003 22-Apr-2003 04-Mar-2003 14-Apr-2003 14-Apr-2003 07-Mar-2003 2 l-Apr-2003 21-Apr-2003 07-Mar-2003 2 l-Apr-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 PAGE: 20 AMOUNT/ COST/ GAIN/LOSS -943,347.46 0.00 0.00 -5, 184,375.00 0.00 0.00 -2,055,937.50 0.00 0.00 -3,083,906.25 0.00 0.00 6,286,875.00 -6,286,875.00 0.00 3, 142,500.00 -3, 142,500.00 0.00 6,285,000.00 -6,285,000.00 0.00 Executive Wnrkh1mr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 3,000,000.00 01F060444 B 3,000,000.00 01F060444 FC 6,000,000.00 01F060444 B 6,000,000.00 01F060444 FC 6,000,000.00 01F060444 B 6,000,000.00 01F060444 FC 2,000,000.00 01N062649 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL Ol-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/0l/20I8 DD 041011 LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 04/01/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 041011 BK OF AMER NATL TR & SVGS CT LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 04/01/ BK OF AMER NATL TR & SVGS CT LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 04/01/ MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 04/01/2018 DD 041011 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 04/15/2033 DD 041011 CHASE SECURITIES, NEW YORK TRADE DATE/ SETTLDATE/ COMPLDATE 13-Mar-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 13-Mar-2003 21-Apr-2003 21-Apr-2003 14-Mar-2003 23-Apr-2003 23-Apr-2003 II PAGE: 21 ·' AMOUNT/ COST/ GAIN/LOSS -3, 142,500.00 3, 142,500.00 0.00 -3, 142,500.00 0.00 0.00 -6,285,000.00 6,285,000.00 0.00 -6,285,000.00 0.00 0.00 -6,286,875.00 6,286,875.00 0.00 -6,286,875.00 0.00 0.00 -2,099,375.00 0.00 0.00 Executive Wnrlrh1mr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 8,000,000.00 01N062649 FC -5,000,000.00 01F060659 BC 5,000,000.00 01F060659 B 1,500,000.00 125581ADO FC 1,500,000.00 441812JW5 FC 3,000,000.00 46625HAT7 FC 5,000,000.00 36962GZY3 FC 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL Ol-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 04/15/2033 DD 0410 I/ WARBURG DILLON READ LLC, NEW LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 05/01/2033 DD 051011 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 05/01/2033 DD 05/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO CIT GROUP INC NEW SR NT 5.500% 11/30/2007 DD 121021 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO HOUSEHOLD FIN CORP NT 6.375% 10/15/2011DD10/23/ WARBURG DILLON READ LLC, NEW LONG TERM OPER-PIMCO JP MORGAN CHASE & CO SUB NT 5.750% 01/02/2013 DD 11/25/0 BANC OF AMERICA SEC LLC, SAN LONG TERM OPER-PIMCO GENERAL ELEC CAP MTN #TR 005 5.450% 01/15/2013 DD 12/06/ CHASE SECURITIES, NEW YORK TRADE DATE/ SETTLDATE/ COMPLDATE 14-Mar-2003 23-Apr-2003 23-Apr-2003 25-Mar-2003 14-May-2003 25-Mar-2003 14-May-2003 27-Mar-2003 Ol-Apr-2003 01-Apr-2003 27-Mar-2003 01-Apr-2003 01-Apr-2003 27-Mar-2003 Ol-Apr-2003 01-Apr-2003 27-Mar-2003 Ol-Apr-2003 01-Apr-2003 PAGE: 22 ,,1 AMOUNT/ COST/ GAIN/LOSS -8,397,500.00 0.00 0.00 5,148,437.50 -5, 148,437.50 0.00 -5,148,437.50 5,148,437.50 0.00 -1,554,405.83 0.00 0.00 -1,670,033.75 0.00 0.00 -3,187,635.00 0.00 0.00 -5,290,548.61 0.00 0.00 Executive Wnrkhtmr.h OCSGOOOJ 0000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE 3,000,000.00 637432CU7 FC 5,000,000.00 172967BP5 FC 3,000,000.00 370425SD3 FC 3,000,000.00 92344GAT3 FC 752,000.00 NA2789454 FC 135,000.00 441812JW5 B 135,000.00 441812JW5 IB 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO NATIONAL RURAL UTILS COOP FI 7.250% 03/01/2012 DD OJ/07/ MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO CITIGROUP INC GLOBAL SUB NT 5.625% 08/27/2012 DD 08i26/0 CITIGROUP GBL MKTS/SALOMON, LONG TERM OPER-PIMCO GENERAL MTRS ACCEP CORP SR N 6.125% 08/2812007 DD 08/29/ MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO VERIZON GLOBAL FDG CORP GLOB 7.375% 09/01/2012 DD 08126/ BANC OF AMERICA SEC LLC, SAN LONG TERM OPER-PIMCO AIG SUNAMERICA GLO BDS USD 5.850% Ol-AUG-2008 ABN AMRO SECS LLC, NEW YORK LONG TERM OPER-PIMCO HOUSEHOLD FIN CORP NT 6.375% 10/15/2011DD10/23/ BANK OF NY BARCLAYS DE ZOETE LONG TERM OPER-PIMCO HOUSEHOLD FIN CORP NT 6.375% 10/15/2011 DD 10/23/ TRADE DATE/ SETTLDATE/ COMPLDATE 27-Mar-2003 Ol-Apr-2003 0 l-Apr-2003 27-Mar-2003 Ol-Apr-2003 0 l-Apr-2003 27-Mar-2003 Ol-Apr-2003 Ol-Apr-2003 27-Mar-2003 Ol-Apr-2003 Ol-Apr-2003 27-Mar-2003 Ol-Apr-2003 02-Apr-2003 03-Apr-2003 08-Apr-2003 03-Apr-2003 08-Apr-2003 -' PAGE: 23 •' AMOUNT/ COST/ GAIN/LOSS -3,483,605.00 0.00 0.00 -5,360, 162.50 0.00 0.00 -3,081,193.75 0.00 0.00 -3,548,927.50 0.00 0.00 -833,531.84 0.00 0.00 -146,880.00 146,880.00 0.00 -4,135.78 0.00 0.00 &ecutive Wnrl<h1mr.h OCSGOOOJOOOO OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 135,000.00 441812JW5 FC 3,000,000.00 01F050460 B 2,000,000.00 OIF050460 B 2,000,000.00 01N062656 B 8,000,000.00 01N062656 B 5,000,000.00 01F060667 B 3,000,000.00 OIF060451 B 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO HOUSEHOLD FIN CORP NT 6.375% 10/15/2011 DD 10123/ BANK OF NY BARCLAYS DE ZOETE LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 5.000% 06/01/2018 DD 06/01/ BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 5.000% 06/01/2018 DD 06/01/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 05/15/2033 DD 05/01/ CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO COMMIT TO PUR GNMA SF MTG 6.500% 05/15/2033 DD 05/01/ WARBURG DILLON READ LLC, NEW LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 06/01/2033 DD 06/01/ GOLDMAN SACHS & CO, NY LONG TERM OPER·PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 05/01/2018 DD 05/01/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 03-Apr-2003 08-Apr-2003 08-Apr-2003 03-Apr-2003 17-Jun-2003 03-Apr-2003 l 7-Jun-2003 04-Apr-2003 21-May-2003 04-Apr-2003 21-May-2003 09-Apr-2003 12-Jun-2003 l 5-Apr-2003 l 9-May-2003 II PAGE: 24 " AMOUNT/ COST/ GAIN/LOSS -151,015.78 0.00 0.00 -3,048, 750.00 3,048,750.00 0.00 -2,032,500.00 2,032,500.00 0.00 -2,095,937.50 2,095,937.50 0.00 -8,385,000.00 8,385,000.00 0.00 -5, 151,562.50 5,151,562.50 0.00 -3, 132, 187.50 3,132,187.50 0.00 Executive Wnrkh1mr.h OCSGOOOJ 0000 OCSD-CONSOLJDATED PAY UPS SHARES/PAR SECURITY ID TRANSCODE 6,000,000.00 01F060451 B 6,000,000.00 01F060451 B 100,000.00 19416QCK4 B 100,000.00 19416QCK4 IB 100,000.00 19416QCK4 FC 4,000,000.00 01F050478 B FIXED INCOME SECURITIES 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 05/01/2018 DD 051011 MORGAN STANLEY & CO INC, NY LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 6.000% 05/01/2018 DD 051011 BK OF AMER NATL TR & SVGS CT LIQUID OPER-PIMCO COLGATE PALMOLIVE MTN TR 000 5.270% 12/01/2003 DD 11/24/9 SPEAR LEEDS & KELLOGG, NEW Y LIQUID OPER-PIMCO COLGATE PALMOLIVE MTN TR 000 5.270% 12/01/2003 DD 11124/9 LIQUID OPER-PIMCO COLGATE PALMOLIVE MTN TR 000 5.270% 12/01/2003 DD 11/24/9 SPEAR LEEDS & KELLOGG, NEW Y LONG TERM OPER-PIMCO COMMIT TO PUR FNMA SF MTG 5.000% 07/01/2018 DD 07/01/ CREDIT SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 l 9-May-2003 15-Apr-2003 l 9-May-2003 16-Apr-2003 22-Apr-2003 16-Apr-2003 22-Apr-2003 16-Apr-2003 22-Apr-2003 22-Apr-2003 25-Apr-2003 l 7-Jul-2003 ' PAGE: 25 AMOUNT/ COST/ GAIN/LOSS -6,264,375.00 6,264,375.00 0.00 -6,264,375.00 6,264,375.00 0.00 -102,332.00 102,332.00 0.00 -2,064.08 0.00 0.00 -104,396.08 0.00 0.00 -4,085,312.50 4,085,312.50 0.00 Executive Wnrkhlmr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 3.50 3133TCE95 FC 121,800.00 9128272M3 PU 121,800.00 9128272M3 FC 3.00 3133TCE95 FC 5.50 3133TCE95 PU 5.50 3133TCE95 FC 14,422.81 3133Tl7A4 PU 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01/15/2007 DD 01 /15/ LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01/15/2007 DD 011151 LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ LONG TERM OPER-PIMCO FHLMC MULTICLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF SER 162 6.000% ll/15/2023 DD 11/01/9 TRADE DATE/ SETTLDATE/ COMPLDATE Ol-Jan-2003 01-Jan-2003 01-Apr-2003 l 5-Jan-2003 15-Jan-2003 l 5-Jan-2003 15-Jan-2003 30-Apr-2003 Ol-Feb-2003 Ol-Feb-2003 Ol-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 15-Apr-2003 Ol-Apr-2003 01-Apr-2003 PAGE: 26 AMOUNT/ COST/ GAIN/LOSS Executive Wnrf<h,mr.h -3.50 0.00 0.00 -121,800.00 121,800.00 0.00 -121,800.00 0.00 0.00 -3.00 0.00 0.00 -5.50 5.50 0.00 -5.50 0.00 0.00 -14,422.81 14,422.81 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SALES SHARES/PAR SECURITY ID TRANSCODE 14,422.81 3133Tl7A4 FC CASH & CASH EQUIVALENTS -11,088,110.73 996085247 s -11,088,110.73 996085247 FC -24,600,000.00 99403R535 s -24,600,000.00 99403R535 IS -24,600,000.00 99403R535 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003-30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF SER 162 6.000% 11/15/2023 DD 11/01/9 LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 01.250% 04/02/2003 DD 04/01/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 01.250% 04/02/2003 DD 04/01/ LONG TERM OPER-PIMCO LEHMAN BROTHERS REPO 01.250% 04/02/2003 DD 04/01/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE Ol-Apr-2003 0 l-Apr-2003 l 6-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 II PAGE: 27 ·' AMOUNT/ COST/ GAIN/LOSS -14,422.81 0.00 0.00 11,088,110.73 -11,088,110.73 0.00 11,088,110.73 0.00 0.00 24,600,000.00 -24,600,000.00 0.00 854.17 0.00 0.00 24,600,854.17 0.00 0.00 Executive Wnrkhtmr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,500,000.00 38142UU75 s -1,500,000.00 38142UU75 IS -1,500,000.00 38142UU75 FC -833,531.84 996085247 s -833,531.84 996085247 FC -122,271. 71 996085247 s -122,271.71 996085247 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL Ol-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO GOLDMAN SACHS LP DISC 07/07/2003 GOLDMAN SACHS & CO, NY LIQUID OPER-PIMCO GOLDMAN SACHS LP DISC 07/07/2003 LIQUID OPER-PIMCO GOLDMAN SACHS LP DISC 07/07/2003 GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 02-Apr-2003 03-Apr-2003 02-Apr-2003 03-Apr-2003 02-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 PAGE: 28 AMOUNT/ COST/ GAIN/LOSS 1,492,335.00 -1,492,335.00 0.00 2,835.83 0.00 0.00 1,495,170.83 0.00 0.00 833,531.84 -833,531.84 0.00 833,531.84 0.00 0.00 122,271.71 -122,271. 71 0.00 122,271.71 0.00 0.00 ,I Executive Wnrl<henr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -3,400,000.00 996085247 s -3,400,000.00 996085247 FC -3,400,000.00 99404A283 s -3,400,000.00 99404A283 IS -3,400,000.00 99404A283 FC -22,070.31 996085247 s -22,070.31 996085247 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 01.240% 04/11/2003 DD 04/10/ LEHMAN GOVT SECS IN!C, NY LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 01.240% 04/11/2003 DD 04/10/ LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 01.240% 04/11/2003 DD 04/l 0/ LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT II TRADE DATE/ SETTLDATE/ COMPLDATE 1 O-Apr-2003 IO-Apr-2003 IO-Apr-2003 10-Apr-2003 10-Apr-2003 11-Apr-2003 11-Apr-2003 l l-Apr-2003 l 1-Apr-2003 l 1-Apr-2003 11-Apr-2003 l 1-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 ' PAGE: 29 AMOUNT/ COST/ GAIN/LOSS 3,400,000.00 -3,400,000.00 0.00 3,400,000.00 0.00 0.00 3,400,000.00 -3,400,000.00 0.00 117.11 0.00 0.00 3,400,117.11 0.00 0.00 22,070.31 -22,070.31 0.00 22,070.31 0.00 0.00 ' Executive WnrkhP.nr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1, 700,000.00 99404B448 s -1 ,700,000.00 99404B448 IS -1,700,000.00 99404B448 FC -1, 700,000.00 99404B497 s -1,700,000.00 99404B497 IS -1,700,000.00 99404B497 FC -1,700,000.00 99404B794 s 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.200% 04/14/2003 DD 04/11/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.200% 04/14/2003 DD 04/11/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.200% 04/14/2003 DD 04/11/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 01.200% 04/14/2003 DD 04/11/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 01.200% 04/14/2003 DD 04/11/ LIQUID OPER-PIMCO LEHMAN BROTHERS REPO 01.200% 04/14/2003 DD 04/11/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.260% 04/15/2003 DD 04/14/ CREDIT SUISSE FIRST BOSTON C TRADE DATE/ SETTLDATE/ COMPLDATE 14-Apr-2003 14-Apr-2003 l 4-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 14-Apr-2003 15-Apr-2003 15-Apr-2003 PAGE: 30 •' AMOUNT/ COST/ GAIN/LOSS I, 700,000.00 -1, 700,000.00 0.00 170.00 0.00 0.00 1,700,170.00 0.00 0.00 1, 700,000.00 -1,700,000.00 0.00 170.00 0.00 0.00 1,700,170.00 0.00 0.00 1,700,000.00 -1,700,000.00 0.00 Executive WnrkhP.nr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,700,000.00 994048794 IS -1,700,000.00 99404B794 FC -1,700,000.00 99404C941 s -1,700,000.00 99404C941 IS -1,700,000.00 99404C941 FC -509,364. 79 996085247 s -509,364.79 996085247 FC 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL Ol-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.260% 04/15/2003 DD 04/14/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.260% 04/15/2003 DD 04/14/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.260% 04/15/2003 DD 04/14/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.260% 04/15/2003 DD 04/14/ LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.260% 04/15/2003 DD 041141 LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT II TRADE DATE/ SETTLDATE/ COMPLDATE l 5-Apr-2003 l 5-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 . PAGE: 31 AMOUNT/ COST/ GAIN/LOSS 59.50 0.00 0.00 1,700,059.50 0.00 0.00 1,700,000.00 -1,700,000.00 0.00 59.50 0.00 0.00 1,700,059.50 0.00 0.00 509,364.79 -509,364.79 0.00 509,364.79 0.00 0.00 •' Executive Wnrkhtmr.h OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,700,000.00 99404E061 s -1 ,700,000.00 99404E061 IS -1,700,000.00 99404E061 FC -1,700,000.00 99404El37 s -1,700,000.00 99404El37 IS -1 ,700,000.00 99404El37 FC -1,700,000.00 99404F456 s 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.300% 04/16/2003 DD 041151 LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.300% 04/16/2003 DD 04/15/ LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.300% 04/16/2003 DD 04/15/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.300% 04/16/2003 DD 041151 CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.300% 04/16/2003 DD 041151 LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.300% 04/16/2003 DD 041151 CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.210% 04/17/2003 DD 04/16/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 I 6-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 II PAGE: 32 AMOUNT/ COST/ GAIN/LOSS 1,700,000.00 -1,700,000.00 0.00 61.39 0.00 0.00 1,700,061.39 0.00 0.00 1, 700,000.00 -1,700,000.00 0.00 61.39 0.00 0.00 1,700,061.39 0.00 0.00 I, 700,000.00 -1,700,000.00 0.00 Executive WnrkhP.nr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,700,000.00 99404F456 IS -1,700,000.00 99404F456 FC -1,700,000.00 99404F654 s -1,700,000.00 99404F654 IS -1,700,000.00 99404F654 FC -3,843.58 996085247 s -3,843 .58 996085247 FC 07-May-2003 13:52:51 Mellon Trust~ Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.210% 04/17/2003 DD 04/16/ LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.210% 04/17/2003 DD 04/16/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.210% 04/17/2003 DD 04/16/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.210% 04/17/2003 DD 04/16/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01 .210% 04/17/2003 DD 04/16/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 17-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 17-Apr-2003 l 7-Apr-2003 17-Apr-2003 l 7-Apr-2003 17-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 l 7-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 PAGE: 33 AMOUNT/ COST/ GAIN/LOSS 57.14 0.00 0.00 1,700,057.14 0.00 0.00 1,700,000.00 -1,700,000.00 0.00 57.14 0.00 0.00 1, 700,057.14 0.00 0.00 3,843.58 -3,843.58 0.00 3,843.58 0.00 0.00 ,1 Executive Wnrkh1mr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1, 700,000.00 99404G686 s -1,700,000.00 994040686 IS -1,700,000.00 994040686 FC -1,700,000.00 994040744 s -1,700,000.00 99404G744 IS -1,700,000.00 994040744 FC -150,012.73 996085247 s 07-May-2003 13:52:51 1\.fellon Trost -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170%04/22/2003 DD 04/17/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/22/2003 DD 04/17/ LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/22/2003 DD 04/17/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/22/2003 DD 04/17/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/22/2003 DD 04/17 I LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/22/2003 DD 04/17/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT TRADE DATE/ SETTLDATE/ COMPLDATE 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 22-Apr-2003 23-Apr-2003 23-Apr-2003 PAGE: 34 ,' AMOUNT/ COST/ GAIN/LOSS 1,700,000.00 -1,700,000.00 0.00 276.25 0.00 0.00 1,700,276.25 0.00 0.00 1,700,000.00 -1,700,000.00 0.00 276.25 0.00 0.00 1, 700,276.25 0.00 0.00 150,012.73 -150,012.73 0.00 Executive Wnrkhenr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -150,012.73 996085247 FC -695,382.39 996085247 s -695,382.39 996085247 FC -1,700,000.00 99404K703 s -1,700,000.00 99404K703 IS -1,700,000.00 99404K703 FC -1,600,000.00 99404Q213 s 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID 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 CREDIT SUISSE FB REPO 01.170% 04/23/2003 DD 04122/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/23/2003 DD 04/22/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/23/2003 DD 04/22/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN BROS INC REPO 01 .170% 04/23/2003 DD 04/22/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 . PAGE: 35 AMOUNT/ COST/ GAIN/LOSS 150,012.73 0.00 0.00 695,382.39 -695,382.39 0.00 695,382.39 0.00 0.00 l, 700,000.00 -1,700,000.00 0.00 55.25 0.00 0.00 1,700,055.25 0.00 0.00 1,600,000.00 -1,600,000.00 0.00 ,1 Executive Wnrl<h1mr.h OCSGOOOI 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,600,000.00 99404Q213 IS -1,600,000.00 99404Q213 FC -2,500,000.00 99404M154 s -2,500,000.00 99404M154 IS -2,500,000.00 99404M154 FC -2,500,000.00 99404Ml39 s -2,500,000.00 99404Ml39 IS 07-May-2003 13:52:51 ll Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN BROS INC REPO 01.170% 04/23/2003 DD 04/22/ LIQUID OPER-PIMCO LEHMAN BROS INC REPO 01.170% 04/23/2003 DD 04/22/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/24/2003 DD 04/23/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/24/2003 DD 04/23/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.170% 04/24/2003 DD 04123/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/24/2003 DD 04/23/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/24/2003 DD 04/23/ TRADE DATE/ SETTLDATE/ COMPLDATE 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 28-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 24-Apr-2003 PAGE: 36 AMOUNT/ COST/ GAIN/LOSS 52.00 0.00 0.00 1,600,052.00 0.00 0.00 2,500,000.00 -2,500,000.00 0.00 81.25 0.00 0.00 2,500,081.25 0.00 0.00 2,500,000.00 -2,500,000.00 0.00 Executive Wnrl<hrmr.h 81.25 0.00 0.00 OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -2,500,000.00 99404Ml39 FC -2,500,000.00 99404M584 s -2,500,000.00 99404M584 IS -2,500,000.00 99404M584 FC -2,500,000.00 99404N244 s -2,500,000.00 99404N244 IS -2,500,000.00 99404N244 FC 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.170% 04/24/2003 DD 04/23/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.180% 04/25/2003 DD 04/24/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.180% 04/25/2003 DD 04/24/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.180% 04/25/2003 DD 04/24/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.180% 04/25/2003 DD 04/24/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.180% 04/25/2003 DD 04/24/ LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.180% 04/25/2003 DD 04/24/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 24-Apr-2003 24-Apr-2003 24-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 25-Apr-2003 . ' PAGE: 37 AMOUNT/ COST/ GAIN/LOSS 2,500,081 .25 0.00 0.00 2,500,000.00 -2,500,000.00 0.00 81.94 0.00 0.00 2,500,081.94 0.00 0.00 2,500,000.00 -2,500,000.00 0.00 81.94 0.00 0.00 2,500,081.94 0.00 0.00 ,I Executive Wnrkh1mr.h OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -2,500,000.00 99404P546 s -2,500,000.00 99404P546 IS -2,500,000.00 99404P546 FC -2,500,000.00 99404N665 s -2,500,000.00 99404N665 IS -2,500,000.00 99404N665 FC -1,000,000.00 99404Rl 12 s 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.160% 04/28/2003 DD 04/25/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.160% 04/28/2003 DD 04/25/ LIQUID OPER-PIMCO LEHMAN CAT 2 REPO 01.160% 04/28/2003 DD 04/25/ LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.160% 04/28/2003 DD 04/25/ CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01.160% 04/28/2003 DD 04/25/ LIQUID OPER-PIMCO CREDIT SUISSE FB REPO 01 .160% 04/28/2003 DD 04/25/ CREDIT SUISSE FIRST BOSTON C LONG TERM OPER-PIMCO LEHMAN CAT 2 REPO 01.230% 04/29/2003 DD 04/28/ LEHMAN GOVT SECS INC, NY TRADE DATE/ SETTLDATE/ COMPLDATE 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 29-Apr-2003 29-Apr-2003 II PAGE: 38 I ' AMOUNT/ COST/ GAIN/LOSS 2,500,000.00 -2,500,000.00 0.00 241.67 0.00 0.00 2,500,241.67 0.00 0.00 2,500,000.00 -2,500,000.00 0.00 241.67 0.00 0.00 2,500,241.67 0.00 0.00 1,000,000.00 -1,000,000.00 0.00 Executive Wnrkh1mr.h @ 11 Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOl 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LIQUID OPER-PIMCO -2,500,000.00 CREDIT SUISSE FB REPO 99404Q890 01.220% 04/29/2003 DD 04/28/ s CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO -2,500,000.00 CREDIT SUISSE FB REPO 99404Q890 01.220% 04/29/2003 DD 04/28/ IS LONG TERM OPER-PIMCO -1,000,000.00 LEHMAN CAT 2 REPO 99404R112 01.230% 04/29/2003 DD 04/28/ IS LONG TERM OPER-PIMCO -1,000,000.00 LEHMAN CAT 2 REPO 99404RI 12 01.230% 04/29/2003 DD 04/28/ FC LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO -2,500,000.00 CREDIT SUISSE FB REPO 99404Q890 01.220% 04/29/2003 DD 04/28/ FC CREDIT SUISSE FIRST BOSTON C LIQUID OPER-PIMCO -2,500,000.00 LEHMAN CAT 2 REPO 99404Rl 12 01.230% 04/29/2003 DD 04/28/ s LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO -2,500,000.00 LEHMAN CAT 2 REPO 99404Rl 12 01.230% 04/29/2003 DD 04/28/ IS 07-May-2003 13:52:51 TRADE DATE/ SETTLDATE/ COMPLDATE 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 29-Apr-2003 . ,. PAGE: 39 AMOUNT/ COST/ GAIN/LOSS 2,500,000.00 -2,500,000.00 0.00 84.72 0.00 0.00 34.17 0.00 0.00 1,000,034.17 0.00 0.00 2,500,084.72 0.00 0.00 2,500,000.00 -2,500,000.00 Executive Wnrkhtmr.h 0.00 85.42 0.00 0.00 @ II Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJ 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LIQUID OPER-PIMCO -2,500,000.00 LEHMAN CAT 2 REPO 99404Rl 12 01 .230% 04/29/2003 DD 04/28/ FC LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO -1,294,204.89 DREYFUS TREASURY CASH MGMT 996085247 s LONG TERM OPER-PIMCO -1,294,204.89 DREYFUS TREASURY CASH MGMT 996085247 FC LIQUID OPER-PIMCO -2,500,000.00 LEHMAN CAT 2 REPO 99404S433 01.240% 04/30/2003 DD 04/29/ s LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO -2,500,000.00 LEHMAN CAT 2 REPO 99404S433 01.240% 04/30/2003 DD 04/29/ IS LIQUID OPER-PIMCO -2,500,000.00 LEHMAN CAT 2 REPO 99404S433 01.240% 04/30/2003 DD 04/29/ FC LEHMAN GOVT SECS INC, NY LIQUID OPER-PIMCO -2,500,000.00 CREDIT SUISSE FB REPO 99404R393 01.240% 04/30/2003 DD 04/29/ s CREDIT SUISSE FIRST BOSTON C 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 29-Apr-2003 29-Apr-2003 29-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 PAGE: 40 AMOUNT/ COST/ GAIN/LOSS 2,500,085.42 0.00 0.00 1,294,204.89 -1,294,204.89 0.00 1,294,204.89 0.00 0.00 2,500,000.00 -2,500,000.00 0.00 86.11 0.00 0.00 2,500,086.11 0.00 0.00 2,500,000.00 -2,500,000.00 Executive Wnrkh1mr.h 0.00 @ Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJ 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LIQUID OPER-PIMCO -2,500,000.00 CREDIT SUISSE FB REPO 99404R393 01.240% 04/30/2003 DD 04/29/ IS LIQUID OPER-PIMCO -2,500,000.00 CREDIT SUISSE FB REPO 99404R393 01.240% 04/30/2003 DD 04/29/ FC CREDIT SUISSE FIRST BOSTON C FIXED INCOME SECURITIES LONG TERM OPER-PIMCO 5,000,000.00 COMMIT TO PUR FNMA SF MTG 01F052441 5.500% 04/0112018 DD 04/01/ SC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -154,451.63 FNMA POOL #0254402 31371KRX1 5.500% 08/01/2017 DD 07/01/ s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -154,451.63 FNMA POOL #0254402 31371KRX1 5.500% 08/01/2017 DD 071011 IS LONG TERM OPER-PIMCO -154,451.63 FNMA POOL #0254402 31371KRX1 5.500% 08/01/2017 DD 07/01/ FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -87,841.37 FNMA POOL #0254511 31371KVC2 5.500% 11/01/2017 DD 101011 s BEAR STEARNS & CO INC, NY 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 22-Apr-2003 07-Mar-2003 21-Apr-2003 -PAGE: 41 AMOUNT/ COST/ GAIN/LOSS 86.11 0.00 0.00 2,500,086.11 0.00 0.00 -5,207,031.25 5, 156,250.00 -50,781.25 160,846.89 -159 ,278.24 Executive Wnrlrh1mr.h 1,568.65 471.94 0.00 0.00 161,318.83 0.00 0.00 91,478.55 -90,586.41 892.14 OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -87,841.37 31371KVC2 IS -87,841.37 31371KVC2 FC -840,448.61 31383SSJO s -840,448.61 31383SSJO IS -840,448.61 3l383SSJO FC -159,451.85 31385HX56 s -159,451.85 31385HX56 IS 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FNMA POOL #0254511 5.500% 11/01/2017 DD 10/0l/ LONG TERM OPER-PIMCO FNMA POOL #0254511 5.500% 11/01/2017 DD 10/01/ BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO FNMA POOL#0511821 5.500% 06/01/2016 DD 06/01/ BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO FNMA POOL#0511821 5.500% 06/01/2016 DD 061011 LONG TERM OPER-PIMCO FNMA POOL #0511821 5.500% 06/01/2016 DD 06/01/ BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO FNMA POOL #0545300 5.500% t 1/01/2016 DD 10/01/ BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO FNMA POOL #0545300 5.500% l l/Ol/2016 DD 10/01/ TRADE DATE/ SETTLDATE/ COMPLDATE 07-Mar-2003 21-Apr-2003 07-Mar-2003 2 l-Apr-2003 22-Apr-2003 07-Mar-2003 2 l-Apr-2003 07-Mar-2003 2 l-Apr-2003 07-Mar-2003 2 l-Apr-2003 22-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 2 l-Apr-2003 II PAGE: 42 AMOUNT/ COST/ GAIN/LOSS Executive Wnrkh1mr.h 268.40 0.00 0.00 91,746.95 0.00 0.00 875,248.44 -866, 712.63 8,535.81 2,568.04 0.00 0.00 877,816.48 0.00 0.00 166,054.15 -164,434.72 1,619.43 487.21 0.00 0.00 @ MelJon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJOOOO 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO -159,451.85 FNMA POOL #0545300 31385HX56 5.500% 1110112016 DD 10/01/ FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -109,729.50 FNMA POOL #0545894 31385JNKO 5.500% 01101/2017 DD 08/01/ s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -109,729.50 FNMA POOL #0545894 31385JNKO 5.500% 01/01/2017 DD 08/01/ IS LONG TERM OPER-PIMCO -109,729.50 FNMA POOL #0545894 31385JNKO 5.500%01/01/2017 DD 08/01/ FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -871,636.59 FNMA POOL #0545904 31385JNV6 5.500% 09/01/2017 DD 08/01/ s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -871,636.59 FNMA POOL #0545904 31385JNV6 5.500% 09/01/2017 DD 08/01/ IS LONG TERM OPER-PIMCO -871,636.59 FNMA POOL #0545904 31385JNV6 5.500% 09/01/2017 DD 081011 FC BEAR STEARNS & CO INC, NY 07-May-2003 13:52:51 TRADE DATE/ SETTLDATE/ COMPLDATE 07-Mar-2003 21-Apr-2003 22-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 22-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 22-Apr-2003 PAGE: 43 AMOUNT/ COST/ GAIN/LOSS 166,541.36 0.00 0.00 114,272.99 -113,158.55 1,114.44 335.28 0.00 0.00 114,608.27 0.00 0.00 907,727.79 -898,875.23 Executive Wnrl<hfmr.h 8,852.56 2,663.33 0.00 0.00 910,391.12 0.00 0.00 @ II Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOl 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO -845,448.51 FNMA POOL #0602248 31388EBR6 5.500% 11/01/2016 DD 11 /0l/ s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -845,448.51 FNMA POOL #0602248 31388EBR6 5.500% 11/01/2016 DD 11 /01/ IS LONG TERM OPER-PIMCO -845,448.51 FNMA POOL #0602248 31388EBR6 5.500% ll/01/2016 DD 11 /01/ FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -128,264.12 FNMA POOL #0623107 31389EGQ2 5.500% 01/01/2017 DD 01 /01/ s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -128,264.12 FNMA POOL #0623107 31389EGQ2 5.500% 01/01/2017 DD OJ /01/ IS LONG TERM OPER-PIMCO -128,264.12 FNMA POOL #0623107 31389EGQ2 5.500% 01/01/2017 DD 01/01/ FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -890, 170. 75 FNMA POOL #0626711 31389JGU2 5.500% 01/01/2017 DD 01/01/ s BEAR STEARNS & CO INC, NY 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 07-Mar-2003 21-Apr-2003 07-Mar-2003 2 l-Apr-2003 07-Mar-2003 2 l-Apr-2003 22-Apr-2003 07-Mar-2003 2 l-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 22-Apr-2003 07-Mar-2003 21-Apr-2003 PAGE: 44 AMOUNT/ COST/ GAIN/LOSS Executive WnrkhP.nr.h 880,455.36 -871,868.78 8,586.58 2,583.31 0.00 0.00 883,038.67 0.00 0.00 133,575.06 -132,272.37 l,302.69 391.92 0.00 0.00 133,966.98 0.00 0.00 927,029.38 -917,988.59 9,040.79 @ II Mellon Trust -Samp1e Report PORTFOLIO DETAIL OCSGOOOJ 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO -890, 170.75 FNMA POOL #0626711 31389JGU2 5.500% 01/01/2017 DD 01/01/ IS LONG TERM OPER-PIMCO -890, 170. 75 FNMA POOL #0626711 31389JGU2 5.500% 01/01/2017 DD 011011 FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -912,058. 77 FNMA POOL #0665290 31391FC30 5.500% 10/01/2017 DD 10/01/ s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -912,058.77 FNMA POOL #0665290 31391FC30 5.500% 10/01/2017 DD 10/01/ IS LONG TERM OPER-PIMCO -912,058. 77 FNMA POOL #0665290 31391FC30 5.500% 10/01/2017 DD 10/01/ FC BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -2,000,000.00 COMMIT TO PUR FNMA SF MTG 01F050445 5.000% 04/01/2018 DD 04/01/ FC LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO -3,000,000.00 COMMIT TO PUR FNMA SF MTG 01F050445 5.000% 04/01/2018 DD 04/01/ FC BEAR STEARNS & CO INC, NY 07-May-2003 13:52:51 TRADE DATE/ SETTLDATE/ COMPLDATE 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 22-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 21-Apr-2003 07-Mar-2003 2 l-Apr-2003 22-Apr-2003 20-Mar-2003 21-Apr-2003 2 l-Apr-2003 20-Mar-2003 21-Apr-2003 21-Apr-2003 .. PAGE: 45 AMOUNT/ COST/ GAIN/LOSS 2,719.97 0.00 0.00 929,749.35 0.00 0.00 949,823.70 -940,560.61 9,263.09 2,786.85 0.00 0.00 952,610.55 0.00 0.00 2,035,859.38 0.00 0.00 3,053,789.06 Executive Wnrkhtmr.h 0.00 0.00 @) II Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOO 10000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO -5,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060642 6.000%04/01/2033 DD 04/01/ FC GOLDMAN SACHS & CO, NY LIQUID OPER-PIMCO -300,000.00 GOLDMAN SACHS GRP MTN #TROOl 38141EED7 VAR RT 08/18/2003 DD 08/16/ s GOLDMAN SACHS & CO, NY LIQUID OPER-PIMCO -300,000.00 GOLDMAN SACHS GRP MTN #TROO 1 38141EED7 VAR RT 08/18/2003 DD 08/16/ IS LIQUID OPER-PIMCO -300,000.00 GOLDMAN SACHS GRP MTN #TROOl 38141EED7 VAR RT 08/18/2003 DD 08/16/ FC GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO -2,000,000.00 COMMIT TO PUR FNMA SF MTG 01F050452 5.000%05/01/2018 DD 05/01/ s LEHMAN GOVT SECS INC, NY LONG TERM OPER-PIMCO -3,000,000.00 COMMIT TO PUR FNMA SF MTG OIF050452 5.000% 05/01/2018 DD 051011 s BEAR STEARNS & CO INC, NY LONG TERM OPER-PIMCO -8,000,000.00 COMMIT TO PUR GNMA SF MTG 01N062649 6.500% 04/15/2033 DD 04/01/ s WARBURG DILLON READ LLC, NEW 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 25-Mar-2003 14-Apr-2003 14-Apr-2003 02-Apr-2003 03-Apr-2003 02-Apr-2003 03-Apr-2003 02-Apr-2003 03-Apr-2003 03-Apr-2003 03-Apr-2003 19-May-2003 03-Apr-2003 19-May-2003 04-Apr-2003 23-Apr-2003 PAGE: 46 AMOUNT/ COST/ GAIN/LOSS 5, 162,304.69 0.00 0.00 300,270.90 -300,227.10 43.80 583.00 0.00 0.00 300,853.90 0.00 0.00 2,040,468.75 -2,028, 125.00 12,343.75 3,060,703.13 -3,042,187.50 18,515.63 8,394,375.00 -8,397,500.00 Executive WnrkhP.nr.h -3,125.00 @> ~ Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOl 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO -8,000,000.00 COMMIT TO PUR GNMA SF MTG 01N062649 6.500% 04/15/2033 DD 04/01/ FC WARBURG DILLON READ LLC, NEW LONG TERM OPER-PIMCO -2,000,000.00 COMMIT TO PUR GNMA SF MTG 01N062649 6.500% 04/15/2033 DD 04/01/ s CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO -2,000,000.00 COMMIT TO PUR GNMA SF MTG 01N062649 6.500% 04/15/2033 DD 04/01/ FC CHASE SECURITIES, NEW YORK LONG TERM OPER-PIMCO -5,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060659 6.000% 05/01/2033 DD 05/01/ s GOLDMAN SACHS & CO, NY LONG TERM OPER-PIMCO -6,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060444 6.000% 04/01/2018 DD 04/01/ s LONG TERM OPER-PIMCO -6,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060444 6.000%04/01/2018 DD 04/01/ FC LONG TERM OPER-PIMCO -3,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060444 6.000% 04/01/2018 DD 04/01/ s 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 04-Apr-2003 23-Apr-2003 23-Apr-2003 04-Apr-2003 23-Apr-2003 04-Apr-2003 23-Apr-2003 23-Apr-2003 09-Apr-2003 14-May-2003 15-Apr-2003 21-Apr-2003 15-Apr-2003 21-Apr-2003 21-Apr-2003 15-Apr-2003 21-Apr-2003 PAG£: .... 47 AMOUNT/ COST/ GAIN/LOSS 8,394,375.00 0.00 0.00 2,098,281.25 -2,099,375.00 -1,093.75 2,098,281.25 0.00 0.00 5,166,796.88 -5, 148,437.50 18,359.38 6,268,828.13 -6,285, 750.00 -16,921.87 6,268,828.13 0.00 0.00 3, 134,414.06 -3, 142,875.00 Executive Wnrkh1mr.h -8,460.94 @ II Mellon Trust -Sample Report PORTFOLIO DETAIL OCSGOOOJ 0000 01-APR-2003 -30-APR-2003 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSACTION DESCRIPTION/ TRANSCODE BROKER LONG TERM OPER-PIMCO -3,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060444 6.000% 04/01/2018 DD 04/01/ FC LONG TERM OPER-PIMCO -6,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060444 6.000% 04/01/2018 DD 04/01/ s LONG TERM OPER-PIMCO -6,000,000.00 COMMIT TO PUR FNMA SF MTG 01F060444 6.000%04/01/2018 DD 04/01/ FC PRINCIPAL PAYMENTS FIXED INCOME SECURITIES LONG TERM OPER-PIMCO -1,338.00 FHLMC GROUP #78-6064 31348SWZ3 6.384% 01101/2028 DD 12/01/ FC LONG TERM OPER-PIMCO 37,832.50 FHLMC MULTI CLASS MTG SER E3 3133TCE95 VAR RT 08/1512032 DD 12/01/ PDC LONG TERM OPER-PIMCO -37,838.00 FHLMC MULTI CLASS MTG SER E3 3133TCE95 VAR RT 08/15/2032 DD 12/01/ PD 07-May-2003 13:52:51 II TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 2 l-Apr-2003 2 l-Apr-2003 15-Apr-2003 21-Apr-2003 15-Apr-2003 21-Apr-2003 21-Apr-2003 01-Mar-2003 01-Mar-2003 15-Apr-2003 01-Mar-2003 01-Mar-2003 01-Mar-2003 01-Mar-2003 PAGE: 48 AMOUNT/ COST/ GAIN/LOSS 3,134,414.06 0.00 0.00 6,268,828.13 -6,285, 750.00 -16,921.87 6,268,828.13 &ecutive Wnrkhimr.h 0.00 0.00 1,338.00 0.00 0.00 -37,832.50 37,872.81 40.31 37,838.00 -37,878.31 -40.31 OCSGOOOJ 0000 OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSCODE -37,838.00 3133TCE95 FC -4,135.22 3128DBMA2 PD -4,135.22 3128DBMA2 FC -2,909.05 36210QQE5 PD -2,909.05 36210QQE5 FC -46.66 36210NP45 PD -46.66 36210NP45 FC 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ LONG TERM OPER-PIMCO FHLMC GROUP #G4-0353 7.500% 10/01/2004 DD 03/01/ LONG TERM OPER-PIMCO FHLMC GROUP #G4-0353 7.500% 10/01/2004 DD 03/01/ LONG TERM OPER-PIMCO GNMA POOL#0499153 6.000% 02/15/2029 DD 02/01/ LONG TERM OPER-PIMCO GNMA POOL #0499153 6.000% 02/15/2029 DD 02/01/ LONG TERM OPER-PIMCO GNMA POOL #0497343 6.000% 12/15/2028 DD 12101/ LONG TERM OPER-PIMCO GNMA POOL #0497343 6.000% 12/15/2028 DD 12/01/ TRADE DATE/ SETTLDATE/ COMPLDATE 01-Mar-2003 01-Mar-2003 15-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 01-Apr-2003 01-Apr-2003 15-Apr-2003 0 l-Apr-2003 Ol-Apr-2003 01-Apr-2003 Ol-Apr-2003 15-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 l 5-Apr-2003 II t PAGE: -+ 49 AMOUNT/ COST/ GAIN/LOSS Executive Wnrkhtmr.h 37,838.00 0.00 0.00 4,135.22 -4,239.89 -104.67 4,135.22 0.00 0.00 2,909.05 -2,761.32 147.73 2,909.05 0.00 0.00 46.66 -44.29 2.37 46.66 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -5,696.58 36210MQN4 PD -5,696.58 36210MQN4 FC -712.09 36210AVM6 PD -712.09 36210AVM6 FC -6,300.56 36210FRY4 PD -6,300.56 36210FRY4 FC -1,624.21 362lOYY90 PD 07-May-2003 13:52:51 /l Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0496461 6.000% 01/15/2029 DD Ol/'01/ LONG TERM OPER-PIMCO GNMA POOL #0496461 6.000% 01/15/2029 DD 01/01/ LONG TERM OPER-PIMCO GNMA POOL #0486720 6.000% 12/15/2028 DD 12/01/ LONG TERM OPER-PIMCO GNMA POOL #0486720 6.000% 12/15/2028 DD 12/01/ LONG TERM OPER-PIMCO GNMA POOL#0491103 6.000% 01/15/2029 DD 01 /01/ LONG TERM OPER-PIMCO GNMA POOL #0491103 6.000% 01/15/2029 DD 01 /01/ LONG TERM OPER-PIMCO GNMA POOL #0506636 6.000% 04/15/2029 DD 04/0l/ TRADE DATE/ SETTLDATE/ COMPLDATE 01-Apr-2003 Ol-Apr-2003 0 l-Apr-2003 01-Apr-2003 15-Apr-2003 0 l-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 15-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 l 5-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 II PAGE: 50 AMOUNT/ COST/ GAIN/LOSS Executive · Wnrkh1mr.h 5,696.58 -5,407.30 289.28 5,696.58 0.00 0.00 712.09 -675.93 36.16 712.09 0.00 0.00 6,300.56 -5,980.61 319.95 6,300.56 0.00 0.00 1,624.21 -1,541.73 82.48 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -1,624.21 36210YY90 FC -967.54 36210SPAO PD -967.54 36210SPAO FC -8,054.79 36210VF55 PD -8,054.79 36210VF55 FC -3,141.70 36209WBV3 PD -3,141.70 36209WBV3 FC 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0506636 6.000% 04/15/2029 DD 04/01/ LONG TERM OPER-PIMCO GNMA POOL #0500917 6.000% 04/15/2029 DD 04/01/ LONG TERM OPER-PIMCO GNMA POOL #0500917 6.000% 04/15/2029 DD 04/01/ LONG TERM OPER-PIMCO GNMA POOL #0503388 6.000% 03/15/2029 DD 03/01/ LONG TERM OPER-PIMCO GNMA POOL #0503388 6.000%03/15/2029 DD 03/01/ LONG TERM OPER-PIMCO GNMA POOL #0483452 6.000% 09/15/2028 DD 09/01/ LONG TERM OPER-PIMCO GNMA POOL #0483452 6.000% 09/15/2028 DD 091011 TRADE DATE/ SETTLDATE/ COMPLDATE 01-Apr-2003 01-Apr-2003 15-Apr-2003 01-Apr-2003 01-Apr-2003 Ol-Apr-2003 01-Apr-2003 15-Apr-2003 Ol -Apr-2003 Ol-Apr-2003 01 -Apr-2003 01-Apr-2003 15-Apr-2003 01-Apr-2003 Ol-Apr-2003 01-Apr-2003 01-Apr-2003 15-Apr-2003 11 . PAGE: ..... 51 AMOUNT/ COST/ GAIN/LOSS Executive Wnrkh1mr:h 1,624.21 0.00 0.00 967.54 -918.41 49.13 967.54 0.00 0.00 8,054.79 -7,645.76 409.03 8,054.79 0.00 0.00 3,141.70 -2,982.16 159.54 3,141.70 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -2,387.10 36208QSB3 PD -2,387.10 36208QSB3 FC -2,825.69 36209CCQ7 PD -2,825.69 36209CCQ7 FC -1,258.64 36209AE48 PD -1,258.64 36209AE48 FC -55.38 36209DHF4 PD 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0457814 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0457814 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0467279 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0467279 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0465555 6.000% 09/15/2028 DD 09/01/ LONG TERM OPER-PIMCO GNMA POOL #0465555 6.000% 09/15/2028 DD 091011 LONG TERM OPER-PIMCO GNMA POOL #0468330 6.000% 05/15/2028 DD 051011 TRADE DATE/ SETTLDATE/ COMPLDATE 01-Apr-2003 01-Apr-2003 01-Apr-2003 01-Apr-2003 15-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 01-Apr-2003 15-Apr-2003 0 l-Apr-2003 01-Apr-2003 01-Apr-2003 01-Apr-2003 l 5-Apr-2003 0 l-Apr-2003 01-Apr-2003 II PAGE: 52 AMOUNT/ COST/ GAIN/LOSS Executive Wnrkhenr.h 2,387.10 -2,265.88 121.22 2,387.10 0.00 0.00 2,825.69 -2,682.20 143.49 2,825.69 0.00 0.00 1,258.64 -1,194.72 63.92 1,258.64 0.00 0.00 55.38 -52.57 2.81 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -55.38 36209DHF4 FC -48.35 36207PTN9 PD -48.35 36207PTN9 FC -18,960.43 36225CNM4 PD -18,960.43 36225CNM4 FC -26,200.26 36225CC20 PD -26,200.26 36225CC20 FC 07-May-2003 13:52:51 Mellon Trnst -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0468330 6.000% 05/15/2028 DD 05101/ LONG TERM OPER-PIMCO GNMA POOL #0438057 6.000% 05/15/2028 DD 05/01/ LONG TERM OPER-PIMCO GNMA POOL #0438057 6.000% 05/15/2028 DD 05/01/ LONG TERM OPER-PIMCO GNMA II POOL #0080395 VAR RT 04/20/2030 DD G4/01/ LONG TERM OPER-PIMCO GNMA II POOL #0080395 VAR RT 04/20/2030 DD 04/01/ LONG TERM OPER-PIMCO GNMA II POOL #080088M 7.375% 06/20/2027 DD 06/01/ LONG TERM OPER-PIMCO GNMA II POOL #080088M 7.375% 06/20/2027 DD 06/01/ TRADE DATE/ SETTLDATE/ COMPLDATE Ol-Apr-2003 Ol-Apr-2003 l 5-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 I 5-Apr-2003 Ol-Apr-2003 0 l-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 21-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 21-Apr-2003 t .J PAGE: 53 AMOUNT/ COST/ GAIN/LOSS Executive WnrkhP.nr.h 55.38 0.00 0.00 48.35 -45.89 2.46 48.35 0.00 0.00 18,960.43 -18,788.60 171.83 18,960.43 0.00 0.00 26,200.26 -26,773.39 -573.13 26,200.26 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE -17,538.20 36225CAZ9 PD -17,538.20 36225CAZ9 FC -191,068.08 36200QQK3 PD -191,068.08 36200QQK3 FC -20,861.17 36209AET3 PD -20,861.17 36209AET3 FC -45,556.78 36209CCX2 PD 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA II POOL #0080023 VAR RT 12/20/2026DD 12/01/9 LONG TERM OPER-PIMCO GNMA II POOL #0080023 VAR RT 12/20/2026 DD 12/01/9 LONG TERM OPER-PIMCO GNMA POOL #0569358 6.500% 04/15/2032 DD 04/01/ LONG TERM OPER-PIMCO GNMA POOL #0569358 6.500% 04/15/2032 DD 04/0 II LONG TERM OPER-PIMCO GNMA POOL #0465546 6.000% 08/15/2028 DD 08/01/ LONG TERM OPER-PIMCO GNMA POOL #0465546 6.000% 08/15/2028 DD 08/01/ LONG TERM OPER-PIMCO GNMA POOL #0467286 6.000% 10/15/2028 DD 10/01/ TRADE DATE/ SETTLDATE/ COMPLDATE Ol-Apr-2003 Ol-Apr-2003 01-Apr-2003 01-Apr-2003 21-Apr-2003 Ol-Apr-2003 01-Apr-2003 Ol-Apr-2003 01-Apr-2003 15-Apr-2003 01-Apr-2003 01-Apr-2003 Ol-Apr-2003 0 l-Apr-2003 l 5-Apr-2003 01-Apr-2003 Ol-Apr-2003 PAGE: 54 AMOUNT/ COST/ GAIN/LOSS Executive Wnrkhtmr.h 17,538.20 -17,828.68 -290.48 17,538.20 0.00 0.00 191,068.08 -195,546.24 -4,478.16 191,068.08 0.00 0.00 20,861.17 -19,801.81 1,059.36 20,861.17 0.00 0.00 45,556.78 -43,243.35 2,313.43 OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -45,556.78 36209CCX2 FC -37,334.40 36209DHQO PD -37,334.40 36209DHQO FC -887.29 36209EXR8 PD -887.29 36209EXR8 FC -270.35 31348SWZ3 PD -34,579.00 3133TCE95 PD 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0467286 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0468339 6.000% 08/15/2028 DD 08/01/ LONG TERM OPER-PIMCO GNMA POOL #0468339 6.000% 08/15/2028 DD 08/01/ LONG TERM OPER-PIMCO GNMA POOL #0469688 6.000% 11115/2028 DD 11 /01/ LONG TERM OPER-PIMCO GNMA POOL #0469688 6.000% 11115/2028 DD 11 /0l/ LONG TERM OPER-PIMCO FHLMC GROUP #78-6064 6.384% 01101/2028 DD 12/01/ LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ TRADE DATE/ SETTLDATE/ COMPLDATE Ot-Apr-2003 0 t-Apr-2003 t 5-Apr-2003 Ot-Apr-2003 Ot-Apr-2003 0 l-Apr-2003 Ot-Apr-2003 t 5-Apr-2003 Ot-Apr-2003 0 l-Apr-2003 Ol-Apr-2003 Ot-Apr-2003 l 5-Apr-2003 Ol-Apr-2003 Ot-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 ' .. PAGE: 55 AMOUNT/ COST/ GAIN/LOSS . Executive Wnrkh1mr.h 45,556.78 0.00 0.00 37,334.40 -35,438.51 1,895.89 37,334.40 0.00 0.00 887.29 -842.23 45.06 887.29 0.00 0.00 270.35 -263.76 6.59 34,579.00 -34,615.84 -36.84 OCSG00010000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE -192,504.07 36225CN28 PD -192,504.07 36225CN28 FC -2,189.38 39810#AE4 PD -2,189.38 39810#AE4 FC -228,544.40 3133TDPV2 PD -228,544.40 3133TDPV2 FC -727.84 302998GE3 PD 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER 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 05/'0l/ LONG TERM OPER-PIMCO GREYSTONE SVCG CORP FHA #95- 7.430% 06/01/2023 DD 02/29/ LONG TERM OPER-PIMCO GREYSTONE SVCG CORP FHA #95- 7.430% 06/01/2023 DD 02/29/ LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF Tl I A6 6.500% 09/25/2018 LONG TERM OPER-PIMCO FHLMC MULTI CLASS CTF Tl l A6 6.500% 09/25/2018 LONG TERM OPER-PIMCO WMP/HUNTOON PAIGE #000-11150 7.500% 12/01/2030 DD 10/21/9 TRADE DATE/ SETTLDATE/ COMPLDATE 01-Apr-2003 01-Apr-2003 01-Apr-2003 01-Apr-2003 21-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 01-Apr-2003 25-Apr-2003 Ol-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 25-Apr-2003 Ol-Apr-2003 01-Apr-2003 PAGE: 56 AMOUNT/ COST/ GAIN/LOSS &ecutive Wnrkh1mr.h 192,504.07 -190,548.95 1,955.12 192,504.07 0.00 0.00 2,189.38 -2,157.39 31.99 2,189.38 0.00 0.00 228,544.40 -228,645.87 -101.47 228,544.40 0.00 0.00 727.84 -712.03 15.81 OCSGOOOl 0000 OCSD-CONSOLJDATED SHARES/PAR SECURITY ID TRANSCODE MATURITIES -727.84 302998GE3 FC -27,993.06 74046RFW6 PD -27,993.06 74046RFW6 FC -46,154.20 25475MAD6 PD -46,154.20 25475MAD6 FC -40,925.86 3837H4NX9 PD -40,925.86 3837H4NX9 FC 07-May-2003 13:52:51 ll Mellon Trust -Sample Repo·rt PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO WMP/HUNTOON PAIGE #000-11150 7.500% 12/01/2030 DD 10/21/9 LONG TERM OPER-PIMCO PREMIER AUTO TR 99-3 CL A-4 6.430% 03/08/2004 DD 06/21/9 LONG TERM OPER-PIMCO PREMIER AUTO TR 99-3 CL A-4 6.430% 03/08/2004 DD 06/21/9 LONG TERM OPER-PIMCO DISTRIBUTION FINL 99-1 CL A4 5.840% 10/17/2011 DD 03/18/ LONG TERM OPER-PIMCO DISTRIBUTION FINL 99-1 CL A4 5.840% 10/17/2011 DD 03/18/ 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 TRADE DATE/ SETTLDATE/ COMPLDATE 0 l-Apr-2003 Ol-Apr-2003 28-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 16-Apr-2003 l 6-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 II \ PAGE: "" 57 ,• AMOUNT/ COST/ GAIN/LOSS 727.84 0.00 0.00 27,993.06 -28,771.61 -778.55 27,993.06 0.00 0.00 46,154.20 -47,120.56 -966.36 46,154.20 0.00 0.00 40,925.86 -40,925.86 0.00 40,925.86 0.00 0.00 Executive WnrkhP.nr.h OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE CASH & CASH EQUIVALENTS -23,000,000.00 313396DU4 MT -17,500,000.00 313588DU6 MT -1,564,000.00 26354BR87 MT -15,200,000.00 313384EK1 MT -1,500,000.00 313384ES4 MT -1,700,000.00 313588ESO MT FIXED INCOME SECURITIES 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 04/01/2003 LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISCOU MAT 04/01/2003 LIQUID OPER-PIMCO DU PONT DE NEMOUR DISC 04/08/2003 LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 04/16/2003 LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 04/23/2003 LIQUID OPER-PIMCO FEDERAL NATL MTG ASSN DISC 0.000% 04/23/2003 DD 04/28/ TRADE DATE/ SETTLDATE/ COMPLDATE Ol-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 01-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 16-Apr-2003 16-Apr-2003 16-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 PAGE: 58 AMOUNT/ COST/ GAIN/LOSS 22,999,169.45 -22,999,169.45 0.00 17,499,358.33 -17,499,358.33 0.00 1,562,678.16 -1,562,678.16 0.00 15,152,880.00 -15,152,880.00 0.00 1,495,412.08 -1,495,412.08 0.00 1,695,200.33 -1,695,200.33 Executive Wnrkhnir.h 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED INTEREST SHARES/PAR SECURITY ID TRANSCODE -2,000,000.00 073902AH1 MT -1,000,000.00 79548EEE8 MT 0.00 996085247 IT 0.00 996087094 IT 5,000,000.00 718154CH8 IT 0.00 996085247 IT 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO BEAR STEARNS COS INC 6.750% 04/15/2003 LONG TERM OPER-PIMCO SALOMON SB HLDGS MTN VAR RT 04/28/2003 DD 04/28/ LIQUID OPER-PIMCO DREYFUS TREASURY CASH MGMT LONG TERM OPER-PIMCO BSDT-LATE MONEY DEPOSIT ACCT LONG TERM OPER-PIMCO PHILIP MORRIS COS INC NTS 7.500% 04/01/2004 DD 04/01/ LONG TERM OPER-PIMCO DREYFUS TREASURY CASH MGMT II TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 15-Apr-2003 15-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 Ol-Apr-2003 01-Apr-2003 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 • • PAGE: 59 AMOUNT/ COST/ GAIN/LOSS 2,000,000.00 -2,031,960.00 -31,960.00 1,000,000.00 -1,000,000.00 Executive Wnrkh1mr.h 0.00 722.02 0.00 0.00 0.15 0.00 0.00 187,500.00 0.00 0.00 901.06 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 23,000,000.00 313396DU4 IT 17,500,000.00 313588DU6 IT 550,000.00 31331RC78 IT 1,564,000.00 26354BR87 IT 27,993.06 74046RFW6 IT 2,000,000.00 073902AHl IT 1,635,000.00 441812JW5 IT 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FEDERAL HOME LN MTG CORP DIS MAT 04/01/2003 LONG TERM OPER-PIMCO FEDERAL NATL MTG ASSN DISCOU MAT 04/0 l/2003 LIQUID OPER-PIMCO FEDERAL FARM CR BKS CONS MTN 5.000% 10/02/2003 DD 10/02/ LIQUID OPER-PIMCO DU PONT DE NEMOUR DISC 04/08/2003 LONG TERM OPER-PIMCO PREMIER AUTO TR 99-3 CL A-4 6.430% 03/08/2004 DD 06/21/9 LONG TERM OPER-PIMCO BEAR STEARNS COS INC 6. 750% 04/15/2003 LONG TERM OPER-PIMCO HOUSEHOLD FIN CORP NT 6.375% 10/15/2011 DD 10/23/ TRADE DATE/ SETTLDATE/ COMPLDATE 01-Apr-2003 Ol-Apr-2003 Ol-Apr-2003 OI-Apr-2003 Ol-Apr-2003 01-Apr-2003 02-Apr-2003 02-Apr-2003 02-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 08-Apr-2003 15-Apr-2003 15-Apr-2003 l 5-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 PAGE: 60 AMOUNT/ COST/ GAIN/LOSS Executive Wnrlrh1mr.h 830.55 0.00 0.00 641.67 0.00 0.00 13,750.00 0.00 0.00 1,321.84 0.00 0.00 751.01 0.00 0.00 67,500.00 0.00 0.00 52,115.63 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 1,338.00 31348SWZ3 IT 3,141.70 36209WBV3 IT 4,135.22 3128DBMA2 IT 712.09 36210AVM6 IT 191,068.08 36200QQK3 IT 6,300.56 36210FRY4 IT 5,696.58 36210MQN4 IT 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL Ol-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FHLMC GROUP #78-6064 6.384% 01/01/2028 DD 12101/ LONG TERM OPER-PIMCO GNMA POOL #0483452 6.000% 09/15/2028 DD 09/01/ LONG TERM OPER-PIMCO FHLMC GROUP #04-0353 7.500% 10/01/2004 DD 03/01/ LONG TERM OPER-PIMCO GNMA POOL #0486720 6.000% 12/15/2028 DD 12./01/ LONG TERM OPER-PIMCO GNMA POOL #0569358 6.500% 04/15/2032 DD 041011 LONG TERM OPER-PIMCO GNMA POOL #0491103 6.000% 01/15/2029 DD 01 /01/ LONG TERM OPER-PIMCO GNMA POOL #0496461 6.000% 01/15/2029 DD 01 IOI/ TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 Ol-Mar-2003 15-Apr-2003 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 l 5-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 I 5-Apr-2003 Ol-Apr-2003 15-Apr-2003 l 5-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 • PAGE: AMOUNT/ COST/ GAIN/LOSS Executive Wnrkh1mr.h 330.12 0.00 0.00 129.10 0.00 0.00 1,019.68 0.00 0.00 84.61 0.00 0.00 14,048.68 0.00 0.00 893.06 0.00 0.00 3,332.09 0.00 0.00 OCSGOOOl 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 46.66 36210NP45 IT 2,909.05 362IOQQE5 IT 967.54 362IOSPAO IT 8,054.79 36210VF55 IT 1,624.21 362IOYY90 IT 46,154.20 25475MAD6 IT 37,838.00 3133TCE95 IT 07-May-2003 13: 52: 51 ll Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0497343 6.000% 12/15/2028 DD 12/01/ LONG TERM OPER-PIMCO GNMA POOL #0499153 6.000% 02/15/2029 DD 02/01/ LONG TERM OPER-PIMCO GNMA POOL #0500917 6.000% 04/15/2029 DD 04/01/ LONG TERM OPER-PIMCO GNMA POOL #0503388 6.000% 03/15/2029 DD 03/01/ LONG TERM OPER-PIMCO GNMA POOL #0506636 6.000% 04/15/2029 DD 04/01/ LONG TERM OPER-PlMCO DISTRIBUTION FINL 99-1 CL A4 5.840% 10/17/2011 DD 03/18/ LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ II TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 01-Apr-2003 15-Apr-2003 15-Apr-2003 0 l-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 15-Apr-2003 Ol-Mar-2003 15-Apr-2003 PAGE: 62 AMOUNT/ COST/ GAIN/LOSS Executive Wnrlrh1mr.h 161.81 0.00 0.00 112.44 0.00 0.00 72.56 0.00 0.00 2,733.63 0.00 0.00 262.76 0.00 0.00 955.57 0.00 0.00 5,302.84 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOL/DATED SHARES/PAR SECURITY ID TRANSCODE 5.50 3133TCE95 IT 48.35 36207PTN9 IT 2,387.10 36208QSB3 IT 20,861.17 36209AET3 IT 1,258.64 36209AE48 IT 2,825.69 36209CCQ7 IT 45,556.78 36209CCX2 IT 07-May-2003 13:52:51 Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO FHLMC MULTI CLASS MTG SER E3 VAR RT 08/15/2032 DD 12/01/ LONG TERM OPER-PIMCO GNMA POOL #0438057 6.000% 05/15/2028 DD 051011 LONG TERM OPER-PIMCO GNMA POOL #0457814 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0465546 6.000% 08/15/2028 DD 08/01/ LONG TERM OPER-PIMCO GNMA POOL #0465555 6.000% 09/15/2028 DD 09/01/ LONG TERM OPER-PIMCO GNMA POOL #0467279 6.000% 10/15/2028 DD 10/01/ LONG TERM OPER-PIMCO GNMA POOL #0467286 6.000% 10/15/2028 DD 10/01/ TRADE DATE/ SETTLDATE/ COMPLDATE 15-Apr-2003 01 -Mar-2003 15-Apr-2003 15-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 01-Apr-2003 15-Apr-2003 l 5-Apr-2003 Ol-Apr-2003 15-Apr-2003 15-Apr-2003 01-Apr-2003 15-Apr-2003 15-Apr-2003 01-Apr-2003 15-Apr-2003 15-Apr-2003 01-Apr-2003 15-Apr-2003 . PAGE: 63 AMOUNT/ COST/ GAIN/LOSS Executive WnrlrhP.nr.h 5.50 0.00 0.00 181.98 0.00 0.00 304.79 0.00 0.00 3,617.09 0.00 0.00 3,711.20 0.00 0.00 166.60 0.00 0.00 3,112.01 0.00 0.00 OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 55.38 36209DHF4 IT 37,334.40 36209DHQO IT 887.29 36209EXR8 IT 15,200,000.00 313384EK1 IT 40,925.86 3837H4NX9 IT 14,422.81 3133Tl7A4 IT 17,538.20 36225CAZ9 IT II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA POOL #0468330 6.000% 05/15/2028 DD 05 /0l/ LONG TERM OPER-PIMCO GNMA POOL #0468339 6.000% 08/15/2028 DD 08/0l/ LONG TERM OPER-PlMCO GNMA POOL #0469688 6.000% 11/15/2028 DD 11/01/ LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 04/16/2003 LONG TERM OPER-PIMCO GNMA GTD REMJC TR 2000-9 FH VARRT02/16/2030 LONG TERM OPER-PIMCO FHLMC MULTICLASS CTF SER 162 6.000% 11/15/2023 DD l lfOl/9 LONG TERM OPER-PIMCO GNMA II POOL #0080023 VAR RT 12/20/2026 DD 12/0119 II PAGE: 64 TRADE DATE/ AMOUNT/ SETTLDATE/ COST/ COMPLDATE GAIN/LOSS 15-Apr-2003 161.05 Ol-Apr-2003 0.00 15-Apr-2003 0.00 15-Apr-2003 3,148.67 Ol-Apr-2003 0.00 15-Apr-2003 0.00 15-Apr-2003 138.53 Ol-Apr-2003 0.00 15-Apr-2003 0.00 16-Apr-2003 47,120.00 16-Apr-2003 0.00 16-Apr-2003 0.00 16-Apr-2003 l,582.99 16-Apr-2003 0.00 16-Apr-2003 0.00 16-Apr-2003 14,422.81 Ol-Apr-2003 0.00 16-Apr-2003 0.00 21-Apr-2003 1,644.60 01-Apr-2003 0.00 21-Apr-2003 0.00 ----------------------------------------------------------------------------------------------------=:----:----·~-07-May-2003 13:52:51 Executive Wnrkh1mr.h OCSGOOOJ 0000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 26,200.26 36225CC20 IT 18,960.43 36225CNM4 IT 192,504.07 36225CN28 IT 1,500,000.00 313384ES4 IT 0.00 313588ESO IT 2,189.38 39810#AE4 IT 228,544.40 3133TDPV2 IT 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO GNMA II POOL #080088M 7.375% 06/20/2027 DD 06/01/ LONG TERM OPER-PIMCO GNMA II POOL #0080395 VAR RT 04/20/2030 DD 04/01/ LONG TERM OPER-PIMCO GNMA II POOL #080408X 6.500% 05/20/2030 DD 05/01/ LONG TERM OPER-PIMCO FEDERAL HOME LN BK CONS DISC MAT 04/23/2003 LIQUID OPER-PIMCO FEDERAL NATL MTG ASSN DISC MAT 04/23/2003 DD 04/28/02 LONG TERM OPER-PIMCO GREYSTONE SVCG CORP FHA #95- 7.430% 06/0112023 DD 02/29/ LONG TERM OPER-PIMCO FHLMC MULTI CLASS CTF Tl 1 A6 6.500% 09/25/2018 II TRADE DATE/ SETTLDATE/ COMPLDATE 21-Apr-2003 Ol-Apr-2003 21-Apr-2003 21-Apr-2003 Ol-Apr-2003 21-Apr-2003 21-Apr-2003 01-Apr-2003 21-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 23-Apr-2003 25-Apr-2003 01-Apr-2003 25-Apr-2003 25-Apr-2003 01-Apr-2003 25-Apr-2003 PAGE: 65 AMOUNT/ COST/ GAIN/LOSS Executive WnrkhP.n.r.h 2,313.62 0.00 0.00 1,550.42 0.00 0.00 14,127.03 0.00 0.00 4,587.92 0.00 0.00 4,799.67 0.00 0.00 7,421.31 0.00 0.00 7,389.93 0.00 0.00 OCSGOOO 10000 OCSD-CONSOLIDATED SHARES/PAR SECURITY ID TRANSCODE 1,000,000.00 79548EEE8 IT 727.84 302998GE3 IT 0.00 990000PJ4 cw 0.00 9128272M3 CD 07-May-2003 13:52:51 II Mellon Trust -Sample Report PORTFOLIO DETAIL 01-APR-2003 -30-APR-2003 TRANSACTION DESCRIPTION/ BROKER LONG TERM OPER-PIMCO SALOMON SB HLDGS MTN VAR RT 04/28/2003 DD 04/28/ LONG TERM OPER-PIMCO WMP/HUNTOON PAIGE #000-11150 7.500% 12/01/2030 DD 10/2119 LIQUID OPER-PIMCO SHORT TERM FDS INT ADJ NET OF OVERNIGHT INTEREST LONG TERM OPER-PIMCO US TREASURY INFLATION INDEX 3.375% 01/15/2007 DD 01 /15/ TRADE DATE/ SETTLDATE/ COMPLDATE 28-Apr-2003 28-Apr-2003 28-Apr-2003 28-Apr-2003 Ol-Apr-2003 28-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 30-Apr-2003 PAGE: 66 AMOUNT/ COST/ GAIN/LOSS Executive WnrlrhP.nr.h 3,998.45 0.00 0.00 5,954.10 0.00 0.00 -99.87 0.00 0.00 121,800.00 0.00 0.00