HomeMy WebLinkAbout2005-03-09MINUTES OF FINANCE, ADMINISTRATION AND
HUMAN RESOURCES COMMITTEE MEETING
Orange County Sanitation District
Wednesday, March 9, 2005, 5:00 p.m.
A meeting of the Finance, Administration and Human Resources Committee of the Orange
County Sanitation District was held on March 9, 2005, 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:
Roy Moore, Chair
Bill Dalton
Rich Freschi
Phil Luebben
Joy Neugebauer
James W. Silva
Steve Anderson, Board Chair
DIRECTORS ABSENT:
Mike Duvall, Vice Chair
Darryl Miller
Jim Ferryman, Vice Board Chair
STAFF PRESENT:
Blake P. Anderson, General Manager
Gary Streed, Director of Finance/Treasurer
Carol Beekman, Director of Communications &
Administrative Services
Lisa Tomko, Director of Human Resources
David Ludwin, Director of Engineering
Bob Ghirelli, Director of Technical Services
Mike White, Controller
Jeff Reed, Human Resources Manager
Lisa Arosteguy, Human Resources Supervisor
Paul Loehr, Senior Human Resources Analyst
Tom Meregillano, Regulatory Specialist
Penny Kyle, Committee Secretary
OTHERS PRESENT:
Brad Hogin, General Counsel
Randy Fuhrman FILED
IN THE OFFICE OF THE SECRETARY
ORANGF ""' .. ,-,, ~-.. "-•Tll"\M l"IISTRICT
(2) APPOINTMENT OF CHAIR PRO TEM MAR 2 3 2005
No appointment was necessary. BY __ ~----'-K __ _
(3) PUBLIC COMMENTS
Randy Fuhrman requested Directors to attend the Biosolids Workshop that will be held on March 16,
2005. Mr. Fuhrman also requested the Directors to read his letter that was distributed at the
February 23, 2005 board meeting requesting the Directors to borrow less money by increasing user
fees.
(4) REPORT OF THE COMMITTEE CHAIR
Committee Chair Moore had no report.
(5) REPORT OF THE GENERAL MANAGER
Blake Anderson, General Manager, reported a Biosolids workshop is scheduled to be held on
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page 2
March 9, 2005
Wednesday, March 16, 2005, to discuss the Biosolids Master Plan and the options the Directors
will need to consider. Directors were encouraged to attend this very informative workshop.
Directors would also hear the preliminary plans within Orange County to include possible in-
county composting sites.
Mr. Anderson reported that Senator Florez from Bakersfield is proposing legislation that would
ban importation of biosolids from outside county borders. This could be a serious impact to the
District as most of the District's biosolids are managed in Kern, Kings and Riverside County.
Senator Florez is also involved with a 90-minute panel discussion to be held on March 29th with
an NBC affiliate in Bakersfield discussing biosolids by representatives from the biosolids
industry and federal regulators.
(6) REPORT OF DIRECTOR OF FINANCE/TREASURER
Gary Streed, Director of Finance, had no report.
(7) REPORT OF DIRECTOR OF HUMAN RESOURCES
Lisa Tomko, Director of Human Resources, introduced key staff members for the benefit of new
FAHR Committee Directors.
(8) REPORT OF DIRECTOR OF COMMUNICATIONS & ADMINISTRATIVE SERVICES
Carol Beekman, Director of Communications & Administrative Services, had no report.
(9) REPORT OF GENERAL COUNSEL
Brad Hagin, Assistant General Counsel, reported that the court denied the request to extend the
tolling agreement with SAWPA for an additional 90 days.
(10) CONSENT CALENDAR ITEMS
a. Approve minutes of the February 9, 2005, Finance, Administration and Human
Resources Committee meeting, as corrected.
b. FAHR05-12 Recommend to the Board of Directors to receive and file Treasurer's
Report for the month of February 2005. The Treasurer's Report will be
distributed at the FAHR Committee meeting in accordance with the
Board-approved Investment Policy, and in conformance to the
Government Code requirement to have monthly reports reviewed within
30 days of month end.
c. FAHR05-13 Receive and file Certificates of Participation (COP) Monthly Report.
d. FAHR05-14 Receive and file Employment Status Report as of February 14, 2005.
e. FAHR05-15 Receive and file OSHA Incidence Rates and Workers' Compensation
Claims and Costs Report.
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page 3
March 9, 2005
f. FAHR05-16 Receive and file report of General Manager approved purchases in
amounts exceeding $50,000 in accordance with Board purchasing
policies.
g. FAHR05-17 Recommend to the Board of Directors to adopt Resolution No. OCSD05-
MOTION:
_, amending Resolution No. OCSD 98-33, amending Human Resources
Policies and Procedures Manual, as amended with minor corrections.
It was moved, seconded and duly carried to approve the recommended
actions for items specified as 10(a) through (g) under Consent Calendar.
END OF CONSENT CALENDAR
(11) ACTION ITEMS
a. FAHR05-18 Adopt Resolution No. OCSD05-_, Establishing Fats, Oil and Grease
MOTION:
Control Program Fees Applicable to Food Service Establishments.
Tom Meregillano provided a brief background on the Fats, Oil and Grease
Control Program. He also noted a slight wording change on the drafted
resolution should be made reflecting the non-compliance charges would
be per event rather than per day.
It was moved, seconded and duly carried to recommend approval to the
Board of Directors.
(12) INFORMATION PRESENTATIONS
a. FAHR05-19 Creation of new department for Regional Assets.
Blake Anderson, General Manager, reported he is proposing to elevate the Regional Assets
and Services Division as a department for consideration by the Board of Directors.
Mr. Anderson noted the District has taken on increasingly active roles in leading and
assisting cities within the District's service area to include training, standardized contracts for
sewer cleaning and video inspections of sewer lines, as well as assisting the cities in the
new responsibilities required by the Regional Water Quality Control Board's Waste
Discharge Requirements. In addition, this will prepare the District for expected changes that
should occur in the next 12 to 18 months in how the County, cities and special districts work
cooperatively to manage urban runoff.
Directors agreed with the concept but some expressed concern that the elevation of the
division to department status may be premature.
ROLL CALL
FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE
Meeting Date: Ma.rch 9, 2005 Time: 5:00 p.m.
Adjourn: __ _
COMMITTEE MEMBERS
Roy Moore (Chair)
Mike Duvall (Vice Chair)
Bill Dalton
Richard Freschi
Phil Luebben
Darryl Miller
James W. Silva
Steve Anderson (Board Chair)
Jim Ferryman (Board Vice Chair)
OTHERS
Tom Woodruff, General Counsel
Don Hughes
STAFF
Blake Anderson, General Manager
Carol Beekman, Director of Communications &
Administrative Services
David Ludwin, Director of Engineering
Bob Ooten, Director of O & 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
Mike White, Controller
Penny Kyle, Committee Secretary
Mahin Talebi, Source Control Manager
Tom Meregillano
c: Lenora Crane
AGENDA
REGULAR MEETING OF THE
FINANCE, ADMINISTRATION AND HUMAN RESOURCES COMMITTEE
ORANGE COUNTY SANITATION DISTRICT
WEDNESDAY, MARCH 9, 2005, AT 5:00 P.M .
ADMINISTRATIVE OFFICE
10844 Ellis Avenue
Fountain Valley, California 92708
www.ocsd.com
Agenda Postin·g: 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.
Items Not Po·sted: 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 because there is a need to take immediate action, which need came to
the attention of the Committee subsequent to the posting of agenda, or as set forth on a
supplemental agenda posted in the manner as above, not less than 72 hours prior to the meeting
date.
Accommodations for the Disabled: The Board of Directors Meeting Room is wheelchair accessible.
If you require any special disability related accommodations, please contact the Orange County
Sanitation District Board Secretary's office at (714) 593-7130 at least 72 hours prior to the
scheduled meeting. Requests must specify the nature of the disability and the type of
accommodation requested.
Items Continued: Items may be continued from this meeting without further notice to a Committee
meeting held within five (5) days of this meeting per Government Code Section 54954.2(b)(3).
Meeting Ad journment: This meeting may be adjourned to a later time and items of business from
this agenda may be considered at the later meeting by Order of Adjournment and Notice in
accordance with Government Code Section 54955 (posted within 24 hours).
(1) ROLL CALL
(2) APPOINTMENT OF CHAIR PRO TEM . IF NECESSARY
Book Page I
March 9, 2005
(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).
(4) REPORT OF COMMITTEE CHAIR
(5) REPORT OF GENERAL MANAGER
(6) REPORT OF DIRECTOR OF FINANCE
(7) REPORT OF DIRECTOR OF HUMAN RESOURCES
(8) REPORT OF DIRECTOR OF COMMUNICATIONS & ADMINISTRATIVE SERVICES
(9) REPORT OF GENERAL COUNSEL
(10) CONSENT CALENDAR ITEMS
Consideration of motion to approve all agenda items appearing on the Consent Calendar not
specifically removed from same, as follows:
lAII matters placed on flie ~ons~nt calendar are considered as not requiring discussio'n 'or further explanati~n and j ! unless any particular item is requested to be removed from the consent calendar by a Director or staff member, j
[there will be no separate discussion of these items. All items on the consent calendar will be enacted by one :
!action approving all motions, and casting a unanimous ballot for resolutions included on the consent calendar. All :
\ items removed from the consent calendar shall be considered in the regular order of business. j
i i
·1The Chair will determine if any items are to be deleted from the consent calendar. j
: :
f ......... -. .. ••••·•~••••••• .. •••••••M•••u·•• .. ••••• .. -•U•---••••••••••• .. ••••• ....... ,.,."!"',• .......... "h .. oou,-•-uu,o ... ,,_,,.,0a0,o-•·••· .. • .. ~H•• •• •• ••-•-•• .. ••• .. ••-•nn• .. •••••·••••••• .. •--••••• .. •••• .. ••••·•••· .. ••·•-· •••• .. ••nuou, ... , ................ ,.,.-~,•
a. Approve minutes of the February 9, 2005, Finance, Administration and Human
Resources Committee meeting.
b. FAHR05-12 Recommend to the Board of Directors to receive and file Treasurer's
Report for the month of February 2005. The Treasurer's Report will be
distributed at the FAHR Committee meeting in accordance with the
Board-approved Investment Policy, and in conformance to the
Government Code requirement to have monthly reports reviewed within
30 days of month end.
2
Book Page 2
March 9, 2005
c. FAHR05-13 Receive and file Certificates of Participation (COP) Monthly Report. (Book Page 13)
d. FAHR05-14 Receive and file Employment Status Report as of February 14, 2005. (Book Page 19)
e. FAHR05-15 Receive and file OSHA Incidence Rates and Workers' Compensation
Claims and Costs Report. (Book Page 25)
f. FAHR05-16 Receive and file report of General Manager approved purchases in
amounts exceeding $50,000 in accordance with Board purchasing
policies. (Book Page 31)
g. FAHR05-17 Recommend to the Board of Directors to adopt Resolution No. OCSD05-
_, amending Resolution No. OCSD 98-33, amending Human Resources
Policies and Procedures Manual. (Book Page 33)
END OF CONSENT CALENDAR
Consideration of items deleted from Consent Calendar, if any.
(11) ACTION ITEMS
a. FAHR05-18 Adopt Resolution No. OCSD05-_, Establishing Fats, Oil and Grease
Control Program Fees Applicable to Food Service Establishments. (Book Page 73)
(Tom Meregillano - 5 minutes)
(12) INFORMATIONAL PRESENTATIONS
a. FAHR05-19 Creation of new department for Regional Assets (Book Page 79)
(Blake Anderson - 1 O minutes)
b. FAHR05-20 Verbal report re Preliminary Budgets and Sewer Service User Fees for
2005-06
(Gary Streed -30 minutes)
3
BookPage 3
March 9, 2005
(13) CLOSED SESSION
1 During the course ef conducting the bus.ine·ss set forth on this agenda as a regular me~tihg of the· · l i 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 1 l Sections 54956.8, 54956.9, 54957 or 54957.6, as noted. l i : I Rep~orts relating t0 (a) purchase and sale 0f real property; (b) matters 0f pending or p0tential litigation; {c) I
l ernP,l0yee actions or neg0tiations with employee representatives; or wlaich are exempt from public,disclosure 1
l under the California Public Recorqs Apt. may be reviewed by the Committee during a p_ermitted closed l I session and are not available for publici•spection. A~ sµch time. as: final actions are taken by the Committee l
\ on any of these subjects, the minutes will reflect all required disol0sures of information, !
1 ............................... ~. _ ············ ... ······· .. · .. ···· .. ··•--u ... ,, ....... u,,, .... -......... _ .............................. ~---··· .... ••• ...................... ,~ ................................ H .... u ~--HOOOH;• ........... _ ..... n .......................... .,. •• _,, .............. _ J:
a. Convene in closed session.
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
(16) FUTURE MEETING DATES
The next Finance, Administration and Human Resources Committee Meeting is
scheduled for April 13, 2005, at 5 p.m.
(17) ADJOURNMENT
................. 04 ................... • •• •· ........... -... -......................................................................... 0 ..... ,.. .... .-...... ~ ................ _ ••••• _ •• ,~ ...................................................... , •• _ •• _ ............................................. - •• -..... ..
1 Notice to Committee Members: · ]
1For any questions on the agenda or to place any items on the agenda, ~ommittee members should contact the I
\Committee Chair or Secretary ten days in advance of the Committee meeting. \
1committee Chair: Roy Moore (714) 990-7703 I
\Committee Secretary; Penny Kyle (714) 593-7130 pkyle@ocsd.com l
\General Manager Blake Anderson (714) 593-7110 banderson@ocsd.com \
\Director of Finance Gary Streed (714) 593-7550 gstreed@ocsd.com !
\Director of Human Resources Lisa Tomko (714) 593-7145 ltomko@ocsd.com :
\ Director of Communications & Carol Beekman (714) 593-7120 cbeekman@ocsd.com i
\Administrative Services . . .. l ~••-•• .. •• .. ••, +H•• .. •••n••• .. ••••••• .. •• .. •••-••• .. •• .. ••..,•••••• .... •l•..,•••.o. .. •••• .... ••-•••-•~__, ......... ••H•••••u.u u•••~u•,o-••u••••• •••••••• .. uu .. u••••O••-•Hoo•oo•••••• • H , ..... ,. ........ ,. ..... •••••••-•• .. ••• .. ••H•• .. •-•• .. •--•••••• .. u.oo••noo..,. .... , ...
H:\dept\agenda\FAHRIFAHR2005\0305\01.3.Agenda.doc
4
Book Page 4
Book Page 6
MINUTES OF FINANCE, ADMINISTRATION AND
HUMAN RESOURCES COMMITTEE MEETING
Orange County Sanitation District
Wednesday, February 9, 2005, 5:00 p.m.
A meeting of the Finance, Administration and Human Resources Committee of the Orange
County Sanitation District was held on February 9, 2005, 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:
Roy Moore, Chair
Mike Duvall, Vice Chair
Bill Dalton
Rich Freschi
Phil Luebben
Darryl Miller
Joy Neugebauer
Steve Anderson, Board Chair
Jim Ferryman, Vice Board Chair
DIRECTORS ABSENT:
James W . Silva
STAFF PRESENT:
Blake P. Anderson, General Manager
Gary Streed, Director of Finance!Treasurer
Carol Beekman, Director of Communications &
Administrative Services
Lisa Tomko, Director of Human Resources
Mike White, Controller
Penny Kyle, Committee Secretary
OTHERS PRESENT:
Brad Hogin, General Counsel
Bob Geggie
(2) APPOINTMENT OF CHAJR PRO TEM
No appointment was necessary.
(3) PUBLIC COMMENTS
There were no public comments.
(4) REPORT OF THE COMMITTEE CHAIR
Committee Chair Moore welcomed the new Directors to the FAHR Committee.
(5) REPORT OF THE GENERAL MANAGER
Blake Anderson, General Manager, reminded the Directors of the Board Orientation scheduled
for February 16th at 5:00 p.m. This would provide new and returning Directors with a general
overview of the District's operations.
The Directors were also reminded of the Orange County Leadership Symposium scheduled to
be held March 3-4, 2005, in Lake Arrowhead. Directors were encouraged to participate in the
event.
Book Page 7
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page 2
February 9, 2005
(6) REPORT OF DIRECTOR OF FINANCE/TREASURER
Gary Streed, Director of Finance, referred the Directors to two handouts distributed that evening
pertaining to Agenda Item Nos. 1 0(b) and (c). Mr. Streed announced the Governmental Finance
Officers Association granted the District its Distinguished Budget Presentation Award for the
2004/05 Budget. The District has received this award for the past eight years.
(7) REPORT OF DIRECTOR OF HUMAN RESOURCES
The Director of Human Resources had no report.
(8) REPORT OF DIRECTOR OF COMMUNICATIONS & ADMINISTRATIVE SERVICES
Carol Beekman, Director of Communications & Administrative Services, updated the Directors on the
activities and accomplishments for the past quarter on the Communications and Administrative
Services Strategic Plan for FY 2004/05 (Agenda Item No. 12(a)). The next update will be provided in
April 2005.
(9) REPORT OF GENERAL COUNSEL
Brad Hagin, Assistant General Counsel, reported that in the interest of time staff would be submitting
a request directly to the Board of Directors to consider entering into additional lease agreements in
connection with property purchased for the Rocky Point Pump Station in Newport Beach.
(10) CONSENT CALENDAR ITEMS
a. Approve minutes of the December 8, 2004, Finance, Administration and Human
Resources Committee meeting, as corrected.
b.
C.
d.
e.
f.
g.
Director Freschi abstained.
FAHR05-01
FAHR0S-02
FAHR05-03
FAHR05-04
FAHR05-05
FAHR05-06
Recommend to the Board of Directors to receive and file Treasurer's
Report for the month of January 2005.
Receive and file Certificates of Participation (COP) Monthly Report.
Receive and file Employment Status Report as of January 20, 2005.
Receive and file OSHA Incidence Rates and Workers' Compensation
Claims and Costs Report.
Receive and file SWAP Report for quarter ending December 31, 2004.
Recommend to the Board of Directors to receive and file Quarterly
Investment Management Program Report for the period October 1, 2004
through December 31 , 2004.
BookPage 8
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page 3
February 9, 2005
h. FAHR05-07 Recommend to the Board of Directors to receive and file the Mid-Year
MOTION:
Financial Report for the period ending December 31, 2004.
It was moved, seconded and duly carried to approve the recommended
actions for items specified as 1 0(a) through (h) under Consent Calendar.
END OF CONSENT CALENDAR
(11) ACTION ITEMS
a. FAHR05-08 Recommend to the Board of Directors to approve the 2005/06 Budget
MOTION:
Assumptions, Fiscal Policy Statements, and Budget Calendar.
Mike White, Controller, reviewed the FY 2005/06 Budget Assumptions for
economic assumptions, revenue assumptions, operating assumptions,
reserve assumptions, capital improvement program assumptions and debt
financing assumptions. He also outlined the important dates leading to
adoption of the FY 2005-06 budget at the June 22, 2005 Board meeting.
In response to the Directors' questions on the budgeting process, Blake
Anderson, General Manager, advised staff would provide as much detail
the Committee felt was appropriate during the review of the budget before
adoption. Staff is also available to discuss the budget process in more
detail with the Directors individually.
It was moved, seconded and duly carried to recommend approval to the
Board of Directors.
b. FAHR05-09 Authorize the General Manager to renew the consultant agreement with
MOTION:
Public Resources Advisory Group as the District's Financial Advisor for an
additional two-year period beginning with fiscal year 2004-05.
Mike White, Controller, gave a brief overview on services provided since
2001 by Public Resources Advisory Group. They are willing to provide
assistance for a new debt issuance at no increase in price of $75,000 for
fixed rate debt issuance and $100,000 for variable rate debt issuance.
It was moved, seconded and duly carried to recommend approval to the
Board of Directors.
c. FAHR05-10 Consideration of pending 2005 Legislative Proposals:
1. Assembly Constitution Amendment No. 1
2. Assembly Constitution Amendment No. 7
3. Senate Bill No._ (no number assigned at this time)
4. California Deficit Prevention Act
Brad Hogin, Assistant General Counsel, reported this item was coming
before the Committee and the Board of Directors to consider taking a
position of support or opposition to each measure. The Board's positions
Book Page 9
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page4
February 9, 2005
MOTION:
would then be transmitted to CASA.
The first measure discussed Public Employee Pension Plans (Assembly
Constitutional Amendment No . 1'). This proposal would provide that after
July 1, 2007, new employees would have to enroll only in a defined
contribution plan of a public pension or retirement system. Directors felt a
decision on this issue was premature until more information is provided.
The second measure discussed was Assembly Constitutional Amendment
No. 7. This amendment would change the present two-thirds voter
approval requirement for special taxes to instead authorize a special
district to impose a special tax with the approval of 55% of its voters voting
on the tax. Special districts have no authority or power to adopt general
taxes, but only special taxes, which mean that revenues received must be
used for specified purposes within the limited powers of a special district.
The Sanitation District has never adopted a special tax.
After much discussion, the Directors agreed that this amendment, along
with the others included in the report, should be first reviewed and
considered by the District's legislative committee and lobbyists before the
Board takes a position.
It was moved, seconded and duly carried to have the District's legislative
committee review this item and provide the Steering Committee with their
recommendation.
(12) INFORMATION PRESENTATIONS
a. FAHR05-11 Communications and Administrative Services Strategic Plan
FY 2004-05/Quarterly Update
This report was provided under the Director of Communications and
Administrative Services Report (Item 8).
(13) CLOSED SESSION
There was no closed session.
(14) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF
ANY
Upon request for a future report regarding the undercharges for parcels not being noted in the
database used for collection of user charges, Gary Streed reported that the review being done in-
house has been successful. Temporary staff has been successfully utilized for this project. Out of
over 46,000 non-residential parcels, 60% have been inspected resulting in 311 changes. Out of
those parcels the District will receive an additional $835,000 in user fees.
(15) CONSIDERATION OF UPCOMING MEETINGS
The next FAHR Committee meeting is scheduled for March 9, 2005 at 5 p.m.
Book Page 10
Book Page I~
FAH R CO MMI TTEE
AGE NDA REPORT
Orange County Sanitation District
FROM: Gary G. Streed, Director of Finance
Originator: Michael D. White, Controller
Meeting Date
03/09/05
Item Number
FAHR0S-13
SUBJECT: CERTIFICATES OF PARTICIPATION (COP) MONTHLY REPORT -
FEBRUARY 2005
GENERAL MANAGER'S RECOMMENDATION
To Bd. of Dir.
Item Number
Receive and file Certificates of Participation (COP) Monthly Report for the month of February 2005.
SUMMARY
The District began issuing Certificates of Participation (COPs) on a variable interest rate basis in
1990. These variable rate COPs were a part of our long-term financing plan which also included
some more traditional fixed rate borrowing.
In 1992 and 1993, some of the fixed rate COPs were refunded and replaced with synthetic-fixed
rate COPs. These are variable interest rate COPs that are also subject to a long-term fixed-rate
interest exchange agreement (SWAP). The SWAP provides the maximum interest rate to be paid
by the District, and is less costly than traditional fixed rate borrowing.
In August 2000, the entire financing program was restructured and modernized to incorporate and
take advantage of the consolidation of District books of account and revenue structure. This
process has reduced the number of COP issues from five to three; 1992 Refunding COPs, 1993
Refunding COPs and 2000 Refunding COPs. The 2000 COPs can be divided into Series A and
Series B, if additional remarketing agents are desired.
In August 2003, the District issued $280 million of fixed rate COPs, Series 2003, that have varying
coupon rates that are matched against the varying maturity dates. The true interest cost for the
entire issue is 5.15 percent.
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.
PRIOR COMMITTEE/BOARD ACTIONS
NIA
Book Page 13
PROJECT/CONTRACT COST SUMMARY
N/A
BUDGET IMPACT
D This item has been budgeted. (Line item: )
D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted.
~ 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 gf the District's Daily Rate COPs as compared to a composite index rate, which
represents the average rate of six similar variable rate daily reset borrowings.
The third bar chart entitled, "COP Rate History, Comparison of Higlaest & Lowe·st Rates," compares
the performance (m0nthly average interest rate) of the District's Daily Rate· COPs with the highest
and lowest monthly average rates from among six similar variable rate daily reset COPs.
The table entitled, "COP Rate History, Comparison of Monthly Averages," sh0ws the monthly
variable interest rate performance of the District's Daily Rate· COPs as compared to the c.omposite
index. Estimated annual interest payments calculated for a standard $100 million par amoui,t, are
also shown.
Variable rates historically rise at the end of each calendar quarter, and especially at year-end,
because of business taxes and liquidity requirements. The rates tend to decline to prior levels
immediately in the following month.
Staff maintains continuous rate monitoring and ongoing dialog with the remarketing agents to keep
the Committee fully informed abo1:1t developments in the program as they may occur.
ATTACHMENTS
1. Graph -OCSD COP Rate History Report
2. Graph -Comparative Daily COP Rate History Report
3. Graph -COP Daily 'Rate History, Comparison of Highest & Lowest Rates
4. Tal:Dular -COP Rate History, Comparison of Monthly Averages
GGS:MW:lc
H:ldepllagenda\FAH RIF AHR2005\0305\05-13, COP .doc
Revised: 06/04103
Book Page 14
Page 2
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0 :::s ~ -I 111
.c 170 'Bnv C')
~ I 91
Cl) --~ -LL c'3
Q. <C 0
C 170 '1nr (.)
C
w -
g
• > -I-17o'unr
~ <C 170 ·~e1111 a. I
:i
0
0 170 'Jdv'
vO 'J&II\I
' ' 0 0 0 0 0 0 0 0
..;. <"i C\i ~ ~w .... 0 I-
(%) 3.l'AI C C
Book Page 16
to 0 0 ~
'-.:::I ~
0~ -00
DAILY COP RA TE HISTORY
COMPARISON OF MONTHLY AVERAGES
MAR 2004 -FEB 2005
ocso
$218.6M $46M
Series 2000 Series 93 Ref
PaineWebber PaineWebber
Mar-04 0.94 0.94
Apr-04 1.01 1.01
May-04 1.05 1.05
Jun-04 1.02 1.02
Jul-04 0.99 0.99
Aug-04 1.15 1.15
Sep-04 1.34 1.34
Oct-04 1.67 1.67
Nov-04 1.52 1.52
Dec-04 1.55 1.55
Jan-05 1.70 1.70
Feb-05 1.76 1.76
AVERAGE 1.31% I 1.31%
ESTIMATED ANNUAL INTEREST
PAYMENTS PER $100M PAR AMOUNT $ 1,ao8,333 I $ 1,308,333 I$
• FOOTNOTE
Composite index consists of the following COP transactions:
. IRWD, Series 86-COP, 88, 95, $106.1M, Citigroup
. I RWD, Series C-Ref 93-8, 85-8, $62.1 M, Lehman Brothers
. IRWD, Series 91, 93, 85, $93.0M, PaineWebber
. IRWD, Series 89, C-Ref 93-A, C-Ref 95, $70.9M, Merrill Lynch
Composite
Index*
0.92
1.00
1.03
1.00
0.97
1.13
1.32
1.65
1.51
1.54
1.69
1.74
1.29%
1,291 ,667
. Western Riverside Co. Reg. Wastewater Auth., Series 96, $25.4M, PaineWebber
. Orange Co., Irvine Coast Asst. Dist. 88-1, $94.5M, J.P. Morgan
FAHR COMMITTEE Meeting Date
03/09/05
AGENDA REPORT Item Number
FAHR0S-14
Orange County Sanitation District
FROM: Lisa L. Tomko, Director of Human Resources
Originator: Lisa Arosteguy, Human Resources Supervisor
SUBJECT: EMPLOYMENT STATUS REPORT AS OF FEBRUARY 14, 2005
GENERAL MANAGER'S RECOMMENDATION
Receive and file the Employment Status Report
SUMMARY
To Bd. of Dir.
Item Number
The number of full-time equivalent (FTE) employees at OCSD is 588; actual headcount
is 598.
PRIOR COMMITTEE/BOARD ACTIONS
NIA
PROJECT/CONTRACT COST SUMMARY
N/A
BUDGET IMPACT
D This item has been budgeted. (Line item: ) D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted.
t8J Not applicable (information item)
ADDITIONAL INFORMATION
·• Promotions: O
• New Hires: 1
o Automotive/Heavy Equipment Assistant (Fleet Services)
• Terminations: 1
o Intern (Laboratory-Microbiology)
ALTERNATIVES
N/A
H:ldeptlagenda\FAHRIFAHR2005\0305\05-14.Employment Status.doc
Revised: 06/04/03
Book Page 19
Page 1
CEQA FINDINGS
NIA
ATTACHMENTS
1. February 14, 2005 Employment Status Report
2. Performance compared to budgeted FTE's
l-hdept\agenda\FAHRIFAHR2005\030510S--i4.E111pl0ymon( Status doc
Revised 06/04103
Book Page 20
Page 2
IJj
0 0 :,,;-
;;? oc::i (1)
tv -
700
-
-
-
-
-
-
-
-
-
--+-AUTHORIZED
FTE
-..ACTUAL
FTE
• •
• •
APR MAY
596 596
564.75 567.75
STAFFING REPORT
/ • • • • • •
• • • • • • • •
JUN JUL* AUG SEP OCT NOV FEB MAR
598 629 629 629 629 629 629 629
571.75 571.75 576.25 578.25 581.50 584.00 587.50 588.00
* Authorized FTE as of July; actual FTE as of June
Book Page 22
0:,
0 0 ;,;-
'"d "' ~
N w
AUTHORIZED FTE
DIV REG 0.&O 0.76
110 General Management Admin 2.00 . .
120 Administrative SeNlces 7.00 1.00 .
130 Communications 7.00 0.&O .
General Management Totals 16.00 1.&0 .
210 Finance Administration 2.00 . .
220 Accounting 20.00 .
230 Purchasing & Warehousing 22.00 0.liO .
Finance Totals 44.00 0.liO .
510 Human Resources Admin 7.00 .
Interns Intern Program (510) . 9.00 .
520 Employee Development/Training 3.00 . .
530 Safety & Health 7.00 .
540 Employee SeNices 6.00 .
540 Planned Recruitments 2.00
Human Resources Totals 26.00 9.00 .
610 Technical SeNices Admin 2.00 . .
620 Environmental Assessment 16.00 . .
630 Environmental Sciences Lab 36.00 1.00 .
640 Source Control 40.00 . .
660 Environmental Compliance Svcs 18.00 . .
Technlcal Services Totala 111.00 1.00 .
710 Engineering Admin 3.00 . .
740 Planning 16.00 .
750 Project Management Office 17.00 0.7&
760 Engineering & Construction 68.00 .
Engineering Totals 94.00 . 0.76
810 O&M Administration 4.00 . .
420 Regional Assets & SeNices 29.76 0.liO
430 Facilities Maintenance Svcs 32.00 0.76 .
820 O&M Process Engineering 16.00 0.liO -
830 Operations, Plant No. 1 39.00 . 0.76
840 Operations, Plant No. 2 47.00 -.
850 Mech Main! & Power Production 69.00 . .
860 Electrical & Instrumentation Main! 64.00 . .
Operations & Malnlllnance Totals 279.76 1.76 0.76
910 IT Administration 2.00 . .
930 IT Customer & Network Suppori 17.00 .
940 IT Programming & Database Sys 12.00 . .
950 IT Process Controls Integration 13.00 -.
lnfonnatlon Tac:hnology Totals 44.00 . .
GRAND TOTAL FT& 613.76 13.76 1.liO
TOTAL
AUTHORIZED FTE
629.00
R:\540\open\Recruiting_shared\Position Control-FAHR REPORT.xis
EMPLOYMENT STATUS REPORT
ACTUALFTE Recruitments Vacancies
TOTAL REG UQ. ~ LOA TOTA[
2.00 2.00 ---2.00 --
8.00 7.00 1.00 --8.00 -.
1.60 7.00 0.50 --7.SO -.
17.60 111.00 1.50 -. 17.IIO .
2.00 2.00 ---2.00 1.00 .
20.00 20.00 . --20.00 . -
22.liO 19.00 0.50 --19.SO 3.00 3.00
44.liO 41.00 0.50 . . 41.50 4.00 3.00
7.00 5.00 ---6.00 . 2 00
9.00 . 6.50 --8.60 1.00 250
3.00 3.00 . --3.00 -.
7.00 7.00 ---7.00 -.
8.00 6.00 -. . 8.00 . -
2.00 ----. -2.00
34.00 21.00 11.50 . . 27.IIO 1.00 6.&0
2.00 2.00 ---2.00 -.
16.00 13.00 --100 14.00 -1.00
37.00 35.00 2.00 --37.00 -.
40.00 40.00 ---40.00 1.00 .
18.00 18.00 . --18.00 -
112.00 108.00 2.00 . 1.00 111.00 1.00 1.00
3.00 3.00 . . . 3.00 . -
18.00 15,00 ' -. 16.00 . 1 00
11.1& 12,00 . 0.75 -12.76 5.00 5.00
&8.00 48.00 --1.00 49.00 7.00 9.00
94.1& 18.00 . 0.75 1.00 79.71 12.00 16.00 -
4.80 4.00 . . . 4.00 1.00 -
30.26 25.00 0.50 0.75 . 28.25 4.00 4 OD
32.11 31.00 0.75 -. 31.75 1.00 1 00
11.60 13.00 . . -13.00 3.50 2.50
39.71 36.00 . 0.75 . 36.75 3.00 3 00
47.00 46.00 --. 44.00 1.00 1 OD
69.00 57.00 -. 1.00 68.00 1.00 100
14.00 52.00 . -. 62.00 1.00 2-00
282.26 284.0D 1.25 1.50 1.00 287.71 15.50 14.60
2.00 2.00 . . . 2.00 . -
17.00 16.00 -. 1.00 17.00 . -
12.00 11.00 -. . 11.00 1.00 1 00
13.00 13.00 . . -13.00 . .
44.00 42.00 . . 1.00 43.00 1.00 1.00
670.00 11.76 2.26 4.00
1· ·1
TOTAL Total + TQt.al Vf!,!!nctg
ACTUALFTE Becrultmants (less recruilmenls)
588.00 34.50 8.50
2/14/2005
Book Page 24
FAHR COMMITTEE
AGENDA REPORT
Orange County Sanitation District
FROM: Lisa L. Tomko, Director of Human Resources
Originator: Jim Matte, Safety & Health Supervisor
Meeting Date To Bd. of Dir.
03/09/05
Item Number Item Number
FAHR0S-15
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
The Safety and Health Division staff track OSHA Incidence Rates for DART Cases
(DART Incidence Rate) and Total Accidents (Total Injury Frequency Rate). There were
no DART Cases District-wide for the month of January 2005. The industry average is
4.5 for the DART Case Incidence Rate while the District Incident Rate was zero for the
month of January 2005. There was one OSHA Recordable Accident District-wide for the
month of January 2005. The industry average is 7.3 for the Total Injury Frequency Rate
while the District Incident Rate was 2.10 for the month of January 2005.
The Division also tracks the District's Workers' Compensation Claims and Costs. The
District's claim count for Fiscal Year 2004-2005 is eight. The costs associated with
these claims for year-to-date is $5,722.45, which includes medical bills, temporary
disability payments, legal costs and a claim reserve account.
PRIOR COMMITTEE/BOARD ACTIONS
N/A
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.
IZ] Not applicable (information item)
Revised: 06/04/03
Book Page 25
Page 1
ADDITIONAL INFORMATION
The District had no DART cases and one injury that required only medical treatment for
the months of January through December 2005.
The reporting period is for 45 days prior to committee meeting.
ALTERNATIVES
NIA
CEQA FINDINGS
NIA
ATTACHMENTS
1. OSHA Incidence Rates Reports for DART Cases and Total Injuries
2. Workers' Compensation Claims and Costs
Revised: 06/04/03
Book Page 26
Page 2
Total Injuries District-Wide
There was one OSHA Recordable Accident in January 2005.
Total OSHA Recordable Accidents
0 .!!l 30 t--
11 ~ fil-. •-. •-
2001 2002 2003
Calendar Year
2004 2005
OSHA Incidence Rates District-Wide
The Total Injury Frequency Rate is a combination of the DART Cases and the cases that
requ ire Other Medical Treatment. The industry average for Total Injury Frequency rate is 7.3
and the District rate was 2.10 for January 2005. First Aid cases are not included in the
calculation of this rate.
$ 6 •
m a:: 4 Q) u C Q) 2 "O ·o
..5: 0
2001
OSHA Incidence Rate
Total Injuries/Illnesses
2002 2003
Calendar Year
2004 2005
Book Page 28
Workers' Compensation Claims and Costs
The Workers' Compensation Claims and Costs 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 for July 2004 -January 2005 totaled
$99,438.74. Medical treatment costs are charged to the fiscal year in which the injury occurred.
All open claims have the potential to incur additional costs. After the medical review process,
the amount was reduced to $51,400.23, which resulted in savings of $48,048.51 for this
reporting period.
Workers Compensation Claims and Costs
Fiscal Period Claim Count Open Claims Total Incurred
7/1/85-6/30/86 38 0 $270,794
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 $295,924
7/1/90-6/30/91 76 0 $121,978
7/1/91 -6/30/92 58 2 $228,212
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 0 $369,949
7/1/97 -6/30/98 45 1 $1 ,026,722
7 /1 /98 -6/30/99 38 2 $274,403
7 /1 /99 -6/30/00 43 2 $351,608
7 /1 /00 -6/30/01 32 2 $403,180
7/1/01 -6/30/02 30 5 $437,382
7 / 1 /02 -6/30/03 18 4 $118,034
7/1/03-6/30/04 15 2 $89,092
7/1/04-6/30/05 8 3 YTD $5,722.45
"Total Incurred" includes medical bills, temporary disability payments to employees, legal costs, and a
claim reserve account.
Book Page 29
Book Page 30
FAHR COMMITTEE Meeting Date To Bd. of Dir.
3/9/05
AGENDA REPORT Item Number Item Number
FAHR0S-16
Orange County Sanitation District
FROM: Marc Dubois, Contracts / Purchasing Manager
SUBJECT: GENERAL MANAGER APPROVED PURCHASES
GENERAL MANAGER'S RECOMMENDATION
Receive and file report of General Manager approved purchases in amounts exceeding $50,000
in accordance with Board purchasing policies
SUMMARY
In May 1998, the FAHR Committee and the Board approved changes to the staff
purchasing authority. One of the changes was to increase the dollar threshold before
Board authority was required for purchases of goods or services, excluding public works
purchases, to $100,000.
When approving this change, the Committee asked for periodic reports showing
purchases approved by the General Manager for amounts between $50,000 and
$100,000. Subsequent to receiving the initial report, the Committee requested that
future reports be placed on the Consent Calendar.
Vendor Name
Woolpert LLP
Tadpole Cartesia
HDR Engineering, Inc.
GIS Planning, Inc.
DCSE, Inc.
Science Applications Intl., Co.
Science Applications Intl., Co.
Science Applications Intl., Co.
Woods Hole Group, Inc.
Tetra Tech, Inc.
Cingular Wireless
Agilent Technologies, Inc.
Hardin Buick Pontiac GMC
Sopp Chevrolet
Jamison Engineering
H:ldept\agenda\FAHRIFAHR2005\0305\05-16 GM Purchases.doc
Revised: 06/04/03
Amount Description/Discussion
$85,000 On call GIS related services.
$85,000 On call GIS related services.
$85,000 On call GIS related services.
$85,000 On call GIS related services.
$85,000 On call GIS related services.
$79,929 Review the ocean monitoring annual report.
$68,484 Prepare oceanographic and water quality chapters.
$60,000 Scientist to support the ocean monitoring program.
$60,000 Support the ocean monitoring program tasks.
$60,000 Support the ocean monitoring program tasks.
$60,000 Airtime for Cingular phones
$56,951 Purchase of GC/MS Quadrapole.
$74,171 Three ( 3 ) GMC Canyon Crew Cab trucks.
$58,724 Purchase/conversion of two ( 2 ) commuter vans.
$99,700 Sole Source for manhole structure rehabilitation.
Page 1
Book Page 31
Section 4.03.B of Resolution 04-08, the District's Delegation of Authority Resolution,
authorizes the Contracts / P1.,1rchasing Manager to purchase items that have been
previously authorized by the Board as identified in the annual District budget. E>'uring
the budget adoption process, the lists of these items were highlighted for the Directors.
For these reasons, purchases that fell into these categories are not included in this
report.
PRIOR COMMITTEE/BOARD ACTIONS
N/A
PROJECT/CONTRACT COST SUMMARY
N/A
BUDGET IMPACT
D This item has been budgeted. (Line item: ) D This item has been budgeted, but there are insufficient funds. D This item has not been budgeted. 1Z! Not applicable (information item)
ADDITIONAL INFORMATION
NIA
ALTERNATIVES
N/A
CEQA FINDINGS
NIA
ATTACHMENTS
None
H:ldeptlagenda\FAHRIFAHR200510305\05-16 GM Purchases doc
Revised: 06/04/03
Book Page 32
Page 2
FA HR CO MMITTEE
AGE NDA REPO RT
Orange County Sanitation District
FROM: Lisa Tomko, Director of Human Resources
Originator: Jeff Reed, Human Resources Manager
MeeJ;lng Date To Bd. of D1r.
03/09/05 03/23/05
Item Number Item Number
FAHR0S-17
SUBJECT: CHANGES AND ADDITIONS TO HUMAN RESOURCES POLICIES AND
PROCEDURES AS AUTHORIZED BY RESOLUTION 98-33.
GENERAL MANAGER'S RECOMMENDATION
Adopt Resolution No. OCSD 05-XX, amending Resolution No. OCSD 98-33, amending
Human Resources Policies and Procedures Manual.
SUMMARY
The attached policy revisions are forwarded for approval to maintain consistent
language with the Memorandums of Understanding (MOU), address new legislation, or
to clarify procedures.
Changes and additions to the Human Resources Policies and Procedures Manual will
be done on a quarterly basis. The next quarterly update is scheduled for June 2005.
PRIOR COMMITTEE/BOARD ACTIONS
• Human Resources Policies and Procedures Manual revisions were presented at the
December 2004 FAHR Committee and Board of Directors meetings.
PROJECT/CONTRACT COST SUMMARY
N/A
BUDGET IMPACT
0 This item has been budgeted. (Line item: ) D This item has been budgeted, but there are insufficient funds.
D This item has not been budgeted.
~ Not applicable (information item)
H:ldepllagenda\FAHRIFAHR2005\0305\05-17 HR Policy and Procedures.doc
Book Page 33
Page 1
ADDITIONAL INFORMATION
Policy Number and Subject
B100.00 Employee Separation
B120.00 Outside Employment
B150.00 Recruitment and Selection
C190.00 Variable Non-Base Pay
030.00 Holidays
F70.00 Discipline
ALTERNATIVES
N/A
CEQA FINDINGS
N/A
ATTACHMENTS
From
Current Language
Current Language
Current Language
Current Language
Current Language
Current Language
1. 8100.00 Employee Separation
2. 8120.00 Outside Employment
3. 8150.00 Recruitment and Selection
4. C190.00 Variable Non-Base Pay
5. D30.00 Holidays
6. F?0.00 Discipline
7. Resolution No. OCSD 05-XX
H:ldept\agenda\FAHRIFAHR2005\0305\05-17.HR Policy and Procedures.doc
To
Revised Language
Revised Language
Revised Language
Revised Language
Revised Language
Revised Language
Book Page 34
-I Reason for Change
Add At-Will Language and clarify existing
language
Include additional outside activities during
working hours and clarify existing language
Add At-WIii ianguage and modify procedures
for clarification and/or reflect current practices
Add Variable Special Pay and clarify existing
language
Revise Floating Holiday Language and clarify
existing language
Add At-Will Language and clarify existing
language
Page 2
4.2 Employees may be separated due to a resignation, layoff, dismissal, or without
cause for "at-will" employees and Student Interns.
5.0 PROCEDURE
5.1 Notice. If separation is due to layoff, the employee will be given at least two weeks
notice. At OCSD's the District's discretion, the employee may be expected to
continue to work during this period. The layoff notice requirement does not affect
"at-will" employees or Student Interns. Employees resigning from OCSD are
e_xpected to give at least two weeks advanced written notice prior to leaving
depending upon empl0yment status. Employees who fail to prnvide two weeks
written notice in advance of resigning shall be prohibited from being rehired at
OCSD without appro\(al from the Director of Human Resources, or designee. A
voluntary written resignation of employment with OCSD is irrevocable after 72
h0urs from the receipt of the resignation except by approval of the Human
Resources Department.
5.2 Pay in Lieu of Notice. Immediate separation from duties may occasionally be
desirable to minimize adverse effects on other employees or to allow the
separated employee more time to seek new employment. In such cases , up to 60
gays Pay may be provided in lieu of notice depending on the employee's length of
service in accordance with applicable Memorandums of Understanding (MOUs).
~icy C140.00, Severance Pay.
5.3 Management Approvals. When an employee is released for reasons other than
dismissal for cause, written approval will be required from the Director of Human
Resources, or designee, GffiGe and two levels of management above the
employee. Release of an Assistant General Manager will require written approval
of the General Manager and the Board of Directors.
5.4 Change of Status. The immediate supervisor of the separating employee is
responsible for initiating the Change of Status form and designating the
appropriate separation category.
5.5 Final Paycheck. The payroll office is responsible for calculating and preparing the
final paycheck in accordance with appropriate policy, and ensuring that final pay is
issued to the separating employee not later than the subsequent regular pay day.
5.6 Exit Interview. All separating employees will undergo an exit interview conducted
by the Human Resources Department. The purpose of the exit interview is to
attempt to determine the individual's reasons for leaving OCSD the District,
uncover possible grievances, or explain the reasons for layoff or release. An
additional goal of the exit interview is to attempt to retain the goodwill of the
employee towards OCSD the District and to review all benefits available to the
separating employee. extend all applicable insurance conversion and retirement
fund privileges.
The exit interview will be scheduled by the Human Resources Department during
the separating employee's notice period or on the last day of employment. All
items of District property of OCSD, as outlined in the Use of District Property
policy, shall be retu rned to the employee's supervisor prior to the exit interview.
see Policy F40.00 , Use of District Property, Any delay in the return of District
property could cause a selay in the issuance of the employee's final paycheck.
Page 2 of4
Book Page 36
6.0 EXCEPTIONS
7.0 PROVISIONS AND CONDITIONS
7.1 Benefits Eligibility.
7 .1.1 Vacation and Sick Leave. When an employee is separated for any
reason, they will receive payment for all accrued vacation time earned but
not taken in accordance with the Policy D10.00, Leave of Absence with
Pay policy, or other applicable Memorandum of Understanding provisions.
Unless otherwise modified by a bargaining un it Memorandum of
Understanding, payment will be made to the separating employee for
accrued, unused sick leave hours according to the following schedule:
Accrued Sick Leave Hours
101 to 240 hours
241 to 560 hours
Over 560 hours
Rate of Payoff
25%
35%
50%
Employees who retire or the estate of an employee, who dies, will be paid
for all accrued and unused sick leave at the 50 percent rate . Employees
covered by the Operations and Maintenance, and General Services
Administration Memoranda of Understanding will be paid in full for all
accrued and unused Personal Leave time upon separation.
7.1.2 Cancellation of Benefits and Insurance Conversion. All employee benefits
will cease upon the date of termination, except that coverage under the
Group Insurance Programs for Medical, Dental, Vision, Life, and
Accidental Death and Dismemberment will continue to the end of the
month in which the termination date occurs, at which time coverage will
cease.
7.1.3 Medical Insurance. Employees whose employment is separated for any
reason may continue their medical insurance in accordance with the
provisions of the insurance policy by applying for continuation privileges
through the Human Resources Department within 30 days after the group
coverage ends, and agreeing to pay the premium rate established by the
insurance carrier. The continuation privilege and election decision is a
part of the Exit Interview process.
8.0 RELATED DOCUMENTS
8.1 Policy C180.00, "At-Will" Policy
8.2 Policy D10.00, Leave of Absence With Pay
8.3 Policy F40.00, Use of District Property/Use of Public Property
8.4 Policy F?0.00, Discipline
8.5 Local 501, Operations and Maintenance Unit MOU
8.6 Administrative and Clerical Unit MOU
8. 7 Engineering Unit MOU
Page 3 of 4
Book Page 37
8.8 Technical Services Unit MOU
8.9 Professional Gmup MOU
8.1 o Sup~rvisor Group MOU
8.1 Policy 010.00, Leave of Absence \/\Jith Pay; Policy F40.00, Use of District
Property/Use of P~blic Property; Policy C140.00, Severance Pay; Policy No. F70,
Discipline.
Page 4 of4
Book Page 38
ti) Orange County Policy Number: 8120.00
Sanitation District
Effective Date: March 23, 2005
Subject: OUTSIDE EMPLOYMENT AND Supersedes: October 22, 1997
PROFESSIONAL ASSOCIATION
ACTIVITIES ~
Approved by: Lisa L. Tomko
1.0 PURPOSE
1.1. The purpose of this policy is to establish uniform guidelines and procedures for
employees engaging in outside employment or any other outside remunerative
activity as well as voluntary involvement in outside professional associations.
2.0 ORGANIZATIONAL UNITS AFFECTED
2.1 . This policy applies to all current Orange County Sanitation District (OCSD)
employees regardless of their organizational unit.
3.0 DEFINITIONS
3.1
3.2
3.3
3.4
Outside remunerative activities -Any outside employment or business related
relationship, which results in a payment, transfer of goods, or receipt of services
to the employee involved.
Outside professional association activities -Any membership or affiliation to an
outside organization, group, or activity that is related to an employee's profession
or personal interests.
Conflict of Interest-As it relates to this policy, occurs when an outside activity
interferes with OCSD business operations, discredits the integrity and reputation
of OCSD, and/or violates OCSD policies, procedures, or agreements.
Confidential Information -Information that requires a "need-to-know", restricted
use, or is sensitive in nature is considered confidential information. Generally,
OCSD technical data, proprietary, customer, and personnel related information is
confidential. Personnel related information includes, but is not limited to,
medical, recruitment, disciplinary, and performance related information. Once
information becomes generally available to the public, it is no longer considered
confidential. Contact the Human Resources Department if there are questions.
4.0 POLICY
4.1 . It is OCSD's policy to allow employees to engage in outside remunerative
activitres or professional association activities perform other services or AGkl-
other employment outside of the District in accordance with the procedures and
provisions of this policy.
Page I of3
Book Page 39
5.0 PROCEDURE
5.1 . Outside Remunerative Activities. Performing any outside remunerative Gt/:tef
seA/4ces activitY.,_Or holding other employment requires initial and annual approval
of the General Manager and is subject to based upon the following conditions:
5.2
5.1.1. An OCSD request form for outside employment must be completed and
submitted for approval.
5.1.2. Outside remunerative activities shall not be performed on OCSD
property, during an employee's work time for OCSD, or using any OCSD
resource. OCSD resources include, but are not limited to, staff,
equipment, facilities, and computers.
5.1.3. The services for which the employee will be compensated must not be
performed on District time or with District material.
5.1.4. Outside remunerative activities shall not involve use of an employee's
OCSD title or position to benefit the outside employer or business
activity, This activity must not give the appearance that an employee is
acting in the official capacity of his/her job at OCSD.
5.1.5. The outside remunerative activity service shall not give rise to any real or
apparent conflict of interest, nor will the activity potentially require the
disclosure of OCSD confidential information. acquired in the course of
OCSD employment. Any attempt to influence OGSD business decisions,
with respect to the employee's outsie::le remunerative activity is prohibited.
5.1.6. The performance of such services shall not affect the employee's
efficiency and job performance for OCSD.
5.1.7. Toe-Outside employment or other remunerative activity must not bring
discredit upon or reasonably cause unfavorable criticism towards OCSD
of the District, or impair public confidence in the integrity of OCSD tRe
District.
Professional Associations. Performing any outside professional association
activity may be authorized by a supervisor subject to the following conditions:
5.2.1 Outside professional association activities may not make use of OCSD
staff, equipment, postage, telephones, computers, internet access, or
any other resource unless authorized by the General Manager, or
designee.
5.2.2 Managers and supervisors may restrict activities in outside professional
associations in order to prevent conflicts of interest from occurring.
5.2.3 Employees are required to obtain prior approval from their supervisor for
all outside professional association activities if these activities are
performed during an employee's working hours. In addition, employees
are required to report all potential conflicts of interest, as defined in this
policy, to their supervisor.
Page 2 of3
Book Page 40
5.2.4 Any duties performed for outside professional association activities must
not adversely affect an employee's job performance or interfere with the
official business of OCSD.
5.2.5 All employees will follow OCSD's Information Systems Management
policies when using OCSD computer resources. The use of email and
internet resources is strictly prohibited if such use conflicts or interferes
with OCSD's Guiding Principles, Unifying Strategies, and/or any-
administrative policy, guideline, or procedure.
5.2.6 Employee association, bargaining unit, and labor union activities are
authorized under the provisions of federal and states laws, adopted
Orange County Sanitation District (OCSD) Employer-Employee
Relations Resolution, and the terms and conditions of applicable
Memorandums of Understanding with OCSD.
5.2.7 Employee participation in outside activities not directly referenced in this
policy that affect the terms and conditions of employment are prohibited,
unless authorized by the General Manager, or designee.
6.0 EXCEPTIONS
6.1 There are no exceptions to this policy unless authorized by the General
Manager, or designee; superseded by an amending OCSD policy; or changed
due to federal or state laws.
7.0 PROVISIONS AND CONDITIONS
7.1 . The provisions of Government Code Section 1126 shall apply to all such
services.
8.0 RELATED DOCUMENTS
8.1. California Government Code, Sections 1126 and 3502
8.2. OCSD Request Form for Outside Employment
8.3. Policy FS0.00, Problem Solving Procedure
8.4. Policy F70.00, Discipline
Page 3 of3
Book Page 41
Book Page 4'.2
beginning with the effective date of the reassignment or lateral transfer. This period
provides an opportunity for both the employee and OCSD management to assess,
over a substantial period of time, whether or not the decision was appropriate.
3.8 A Relative is any person related by one of the following familial relationships to any
employee at OCSD the agency: spouse, mother, father, brother, siste r, child, step
child , step parent, grandmother, grandfather, grandchild, cousin, aunt, uncle, mother-
in-law, father-in-law, brother-in-law or sister-in-law.
4.0 POLICY
4.1 OCSD is an Equal OJi)portunity Empleyer (EOE). OCSG does not discriminate on the
basis of race, religion, color. natienal origin, disability, pregnancy, martial status, age,
gender, sexual orientation, or participation in any protected class/activi~.
4.2 It is OCSD's policy to provide nondiscriminatory, lawful, and consistent guidelines and
procedures to all its agency recruitment processes, whether internal or open.
5.0 PROCEDURE
5.1 PERSONNEL REQUISITION
5.1.1 A personnel requisition is the first step for the hiring manager/supervisor to
communicate staffing needs to the Human Resources Department. however,
if If the recruitment requires testing (hands-on, written, essay, etc.) as part of
the recruitment interview process, the testing methods must be reviewed for
validity and reliability by the Human Resources .Department prior to the
initiation of a personnel requisition.
5.1.2 The hiring manager/supervisor completes the personnel requisition and
receives the appropriate signatures required before sending it to the Human
Resources Department.
5.1.3 The recruiter Human Resources reviews the requisition to make sure the
qualifications are appropriate for the position. If changes are necessary, the
recruiter Human Resources will work with the appropriate
manager/supervisor.
5.2 EMPLOYMENT OPPORTUNITY BULLET/NS/POSTINGS
5.2.1 The recruiter prepares the employment opportunity bulletin, also known as a
posting. Each posting will include the following information:
• Wage range
• Department
• Brief job description
• Required qualifications
• Desired qualifications
• Posting/closing dates
• Procedure for applying
• Brief benefits overview
5.2.2 The recruiter provides the draft posting to the hiring manager/supervisor for
approval.
Page 2 of I I
Book Page 44
5.2.3 Upon approval, all job postings for Student Intern and management positions
may be advertised as an open recruitment (internal and external) at the
beginning of the recruitment process. All other job postings shall be (except
Intern positions) are advertised as internal recruitments for ten business days
unless authorized by the Director of Human Resources, or designee. aA4
extenuating circumstances apply. During the internal posting process, if there
is at least one internal applicant and he/she meets the minimum qualifications
for the position, that applicant will be interviewed. If an internal applicant is
not selected or if there are no internal applicants, the position shall be
advertised as an external recruitment.
5.2.4 Department representatives are provided with postings for communication
11,1ithin their designated departments.
5.2.5 Internal job opportunities will be posted to the intranet which is accessible to
all OCSD ~mployees. Bulletin boards at Plant No. 1 where Employment
Opportunity Bulletins will be regularly posted are located in the Control
Center, and \Narehouse, outside the Human Reso1:1rces Office and in the
Administration Building lunchroom.
5.2.6 Internal Job Announcement Notifications are sent via e-mail to all OCSD
employees for internal and external recruitments.
5.2.7 Employment Opportunity bulletin boards at Plant No. 2 are located in the
Operations Center, Maintenance Office, Maintenance lunchroom and
Warehouse.
5.2.8 Employment Opportunity Bulletins may also be found in other convenient
areas throughout both plaA-t&-
5.3 ADVERTISING
5.3.1 Advertising for positions at OCSD ensures positions are filled with the best-
qualified candidate for the job. OCSD shall make every reasonable effort to
advertise external positions to all segments of the public to ensure EOE
guidelines are followed.
5.3.2 All positions are advertised on the Internet and may be posted in other media
when deemed appropriate. Technical and hard-to-fill positions are advertised
on trade specific websites.
5.3.3 Trade magazines and other forms of advertising may be used for hard-to-fill
or specialized positions.
5.4 APPLICANT SCREENING
5.4.1 Applications and resumes shall only be accepted electronically after March
2005. All other application material will be accepted at the interview process.
Unsolicited application material will not be accepted at anytime.
5.4.2 Once an application and/or resume is received and reviewed, it will only be
selected for further consideration if the minimum job requirements for the
open position are met. Resumes or applications that are received are
reviewed and selected for further consideration only if they meet the minimum
job requirements.
Page 3 of 11
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5.4.3 The hiri.ng mariager/supervisor is given access to flies on tlile online
application pre!!}ram pertinent to the jeb opening for which the manager
submitted a personnel requisition. The manager may review applications that
meet the minin,um qualifications to determine which candidates may be
interviewed. he recruiter forwards copies of the resumes or applications of
qualified applicants to the hiring supervisor for re1Jiew. Originals remain in HR
in the Recruiting files.
5.4.4 All materials (e.g., applications, resumes, interviewer notes, interview
packets, packets, etc.) submitted by applicants/candidates during the
interview process are confidential and are considered OCSD property and
must be returned to the Human Resources Department upon completion of
the hiring process. All recruitment files are majntalned by OCSD in
accordance with established record keeping guidelines.
5.5 INTERVIEW PROCESS
5.5.1 The interview panel members are selected along with the interview date(s).
Applicants are scheduled, interview questions are prepared, and the interview
panel conducts the actual interview.
5.5.2 The recruiter and the hiring supervisor work together to select the interview
panel. However, the recruiter makes the final decision to ensure consistency.
The ideal interview panel will include the hiring supervisor, one employee
within the department, two individuals outside the department, and the
recruiter, or another member of the Human Resources Department.
Normally, subordinates within the hiring department are not included in the
interview panel.
5.5.3 The recruiter and the hirin g manager work together to establish a set of
questions for the candidates.
5.5.4 The recruiter prepares interview packets and distributes them to the interview
panel. Packets include:
• An overview of the interview process
• A copy of the interview schedule
• A copy of the employment bulletin opportunity/posting
• Copies of candidate applications
• Interview questions and evaluation forms for each candidate
5.5.5 The interview panel will meet at least one half hour before the interview. The
panel will finalize the Interview questions that are recommended by the hiring
supervisor and the recruiter. The panel may add or delete questions. The
panel will gain an understanding from the hiring supervisor about the criteria
with which to select the ideal candidate, and adopt the appropriate criteria.
5.5.6 The recruiter facilitates the interview process. When interviews are
completed, the interview panel members evaluate each candidate
interviewed. The top three candidates are identified and ranked in order of
preference based on the criteria established prior to the interview. The
recruiter collects the documentation at the end of the interview process.
5.5.7 The final candidate is selected from the top three candidates when a majority
decision is reached. If a majority decision cannot be reached, the General
Page 4 of 11
Book Page 46
Manager or designee will make the final determination based on the input of
the hiring supervisor, the panel, and the Human Resources Department. If a
majority decision is reached , and the hiring supervisor does not agree with the
final decision, he or she may appeal for a final decision from the General
Manager or designee.
5.6 RECRUITMENT APPEALS PROCESS
5.6.1 Employees should bring recruitment process and decision-making issues to
the attention of the Human Resources Manager as soon as possible. The
manager will review the issue and provide a written response within five
business days from the issue notification date.
5.6.2 If the issue is not resolved to the employee's satisfaction, the employee may
file a written statement concerning the problem to the Director of Human
Resources within ten business days of receipt of the manager's decision.
Upon request by either party, a meeting may be held to discuss the issue and
establish remedies.
5.6.3 The employee will be provided a written response from the Director of Human
Resources, or designee, within ten business days after their statement is
received. The decision of the Director of Human Resources, or designee, is
final (see policy F50.00, Problem Solving Procedure and F60.00, Grievance
Procedure).
5.6.4 Time limits may be extended for cause upon mutual consent of the parties.
5. 7 EMPLOYMENT OFFERS
5.7.1 The recruiter and hiring supervisor determine an appropriate starting salary
for all candidates, except those designated as "at-will" employees, based on a
Salary Offer Analysis. This analysis will include the applicant's:
• Qualifications
• Years of experience
• Educational background
• Salary history
• Parity within the department
5.7.2 The Human Resources Compensation Analyst reviews the recommended
salary, and approves or makes additional recommendations. All salary offers
that are either at or beyond step 4 of the range will require the approval of the
Director of HR, or designee. Under no circumstances should panel
members (excluding the Human Resources representative) or any other
OCSD employee discuss salary offers with candidates or make
promises of any kind. Human Resources staff are the only employees
authorized to engage in salary discussions with job candidates.
5.7.3 The recruiter completes a status change form for the candidate and initiates
the background investigation. Background investigation results are provided
to the candidate by OCSD's background screening firm.
5. 7.4 When the status change form is approved and the background investigation is
GleM, the recruiter makes a verbal employment offer to the candidate, which
is contingent upon results of a background investigation, pre-employment
physical and drug screening. Upon acceptance of the employment offer, the
Page 5 of 11
Book Page 47
recruiter sends regret letters to unsuccessful candidates. Internal candidates
are contacted personally prior to receiving regret letters.
5.7.5 The recruiter schedules the pre-employment physical and drug screen for the
candidate, works with the supervisor to establish a potential start date and
prepares a formal offer letter for the candidate.
5.7.6 When the recruiter Safety Manager (or designee) has cleared the background
investigation , pre-employment physical am;i drug scre~nin!;J results, the
recruiter applicant will be contacted the applicant to confirm the employment
offer.
5. 7. 7 The recruiter coordinates the candidate's start date.
5.7.8 In the event that a candidate is selected and voluntarily or involuntarily
vacates the position prior to completing the required six month probationary
period, the Human Resources Department, at the request of the hiring
manager, may exercise the option to extend an offer to the second candidate
from the original interview process.
5.8 PLANNED RECRUITMENT
5.8.1 In instances where an existing OCSD Q.fSti:iGt employee plans to retire or
leave the agency, the Department Head may request to initiate the planned
recruitment process by notifying the Director of HR, or designee. If approved,
the Human Resources Department shall begin the recruitment process for the
anticipated vacancy using the internal recruitment process. The Human
Resources Department must have a minimum of six months notice to
consider a planned recruitment, a signed memo from the existing OCSD
District employee stating his/her retirement or leave date, and at least one
budgeted but vacant position that OCSD the District can borrow from.
5.8.2 The Planned Recruitment process will be initiated, as scheduling permits,
prior to the individual leaving OCSD the District in order to allow for an
adequate amount of cross training.
5.8.3 If a candidate is selected from the internal recruitment process, the candidate
shall remain in his/her existing position with the same salary and benefits
while cross-training in the new position as scheduling permits.
5.8.4 The candidate shall assume the salary, benefits and full range of duties of the
vacant position the first business day that the position is vacant. The position
used to initiate the planned recruitment will then be returned to the "pool"
within the Division 540 full-time equivalent (FTE) budget for use with other
planned recruitments.
5.8.5 The date the candidate assumes the vacant position shall be the first day of
the candidate's six-month probationary period. The six-month probati0nary
period will be utilized as an opportunity for the candidate and OCSD Q.fSti:iGt
management to assess whether or not the decision was appropriate. The
candidate may be returned to his/her previous position if the decision is
determined to be Inappropriate.
5.8.6 If a candidate is not selected from the internal recruitment process, the
position will be posted for external candidates immediately to ensure an
adequate amount of time for cross-training.
Page 6 of 11
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6.0 EXCEPTIONS
6.1 EMPLOYMENT OF FORMER EMPLOYEES
6.1.1 Employment of former employees for full-time equivalent or part-time
positions shall be subject to and conducted in accordance with this policy.
6.1.2 Employment of a former employee is subject to the approval of the General
Manager and the Director of Human Resources.
6.1.3 In all cases, approval of the General Manager and the Director of Human
Resources shall be received prior to an offer of employment to a former
employee.
6.1.4 OCSD policy prohibits the rehire of former full-time, regular employees or "at-
will" proeationary status employees who: were terminated for workplace
misconduct; resigned while charges were pending against the employee;
resigned while serving a suspension; failed to provide two weeks written
notice in advance of resignation depending upon employment status, unless
approved by the Director of Human Resources, or designee; or failed to return
to work following an absence without leave of 40 consecutive work hours
without notifying the immediate supervisor or the Human Resources
Department with an and providing an acceptable reason for their absence.
6.1.5 +Ae--General Manager may, 1.vith the written apprm.1ai of the Board Chair,
employ on a part time or as needed easis, a former employee retired from
OCSO when the individual possesses knowledge and expertise of unique and
particular eenefit to OCSO and when the services are required. The length of
service perf-ormed in any one year shall ee limited in accordance with the
prm.'isions prescribed by the Orange County Employees' Retirement System
(currently 120 day maximum).
6.1.6 Part time or as needed sewice, shall be compensated at the same current
hourly rate of the retired employee's position classification, or if no such
classification exists, at a rate not to exceeGI that paid for the most comparable
classification. The retired employee shall not be entitled to receive any
benefits otherwise payable to OCSO en:iployees. In the event any
employment under this provision involves work assignments outside of
Orange County, the current expense reimlaursement policy estalalished for
regular employees will apply.
6.1. 7 If any former employee commences doing business wherein the employee,
his/her spouse, or members of his/her immediate family are sole proprietors,
or majority or controlling shareholders or owners of a corporation, partnership
or other business entity, such business shall not be retained as an
independent contractor or consultant to provide service directly to OCSD for a
period of one year after leaving OCSD's employment. Thereafter, said
business entity shall be allowed to contract with OCSD upon compliance with
all resolutions and regulations of OCSD then in effect, relating to the
procurement of services.
6.1.8 If any former employee becomes employed by any firm or business entity in
which the former employee, his/her spouse or members of his/her immediate
family own less than the majority or controlling interest in said entity, said
entity shall not be prohibited from contracting with the OCSD. However, the
Page 7 of 11
Book Page 49
former employee shall not perform work on OCSD projects for a period of one
year after leaving OCSD employment; nor shall such former employee
contact OCSD officers or employees for the purpose of attempting to
influence any OCSD decision, including but not limited to, the award of
contract, issuance of permits, or compromise of administrative civil penalties,
for a like period of one year. Said services shall be obtained only in
accordance with all rules and procedures of OCSD relating to procurement.
6.1.9 Any OCSD employee who receives an offer of employment or a request to
discuss potential employment from any person or business entity performing
services for OCSD shall report such contact to his or her immediate
supervisor, who shall decide whether any change in assignment is necessary
or appropriate while the offer or discussions are pending.
6.1.10 The prohibitions of this policy may be waived by the Finance, Administration
and Human Resources Committee of the Boards of Directors if, on a case-by-
case basis, it is determined to be in the best interests of OCSD to do so.
6.1.11 All former employees who are rehired will be placed on an initial probationary
period as defined in this policy. All prior service with OCSD will not be
counted for accrual purposes including, but not limited to, leaves of absence
and seniority.
6.2 RE-EMPLOYMENT OF OCSD RETIRED EMPLOYEES
6.2.1 The General Manager may, with the written approval of the Board Chair,
employ on an as-needed basis, a former employee retired from OCSD when
the individual possesses knowledge and expertise of unique and particular
benefit to OCSD. The length of ser:viee performed in any one year shall be
limited in accordance with the previsions prescribed by the Orange County
Employees' Retirement System (currently 120-day maximum).
6.2.2 As-needed service, by a former employee retired from OCSD, shall be
compensated at the same current hourly rate of the retired employee's
pesitic,m classification, or If no such classification exists1 at a rate not to
exceed that paid for the most comparable classification. The retired
employee shall not be entitled to receive any benefits otherwise payable to
OCSD employees. In the event any employment under this provision involves
work assignments outside of Orange County, the current expense
reimbursement policy established for regular employees will apply.
6.2.3 On occasion, OCSD may offer an early retirement incentive to staff under
ec~momic conditions in which It is deemed neeessary. Empl0yees who select
an early retirement incentive offered by OCSD may not be eligil:>le for rehire.
6.3 EMPLOYMENT OF RELA T/VES
6.3.1 Except as otherwise provided by law, no employee, prospective employee or
applicant shall be denied employment or benefits of employment solely on the
basis of his or her familial relationship with an employee of the agency or a
member of the Board of Directors.
6.3.2 OCSD will make reasonable efforts to assign job duties to eliminate any
potential for an adverse impact on supervision, safety, security or morale, or
potential conflicts of interest.
Page 8 of 11
Book Page 50
6.4 LATERAL TRANSFERS
6.4.1 Employees may request a lateral transfer to a budgeted vacant position within
the same classification of another department. For a lateral transfer to be
considered, the employee must have demonstrated satisfactory performance
within the last six months of the request and have no pending disciplinary
action. The lateral transfer must be of benefit to OCSD. providing they ha¥e
demonstrated at least six months of continuous competent or aeove
performance in the current position, and the transfer is of eenefit to OCSD.
6.4.2 Employees who wish to be considered for a lateral transfer shall sl=!oo-14 notify
the Human Resources Department in writing of their intent prior to recru itment
of the budgeted position. Employees who are interested in a lateral transfer,
but are unaware of any budgeted vacant positions within the same
classification, may contact the Human Resources Department. The
employee's written intent must be approved by any affected department head
and the Director of Human Resources. In the event a transfer is approved
and accepted by the employee, the department from which the employee is
transferring may determine the effective date based upon operational
requirements and a reasonable period of time to acquire a suitable
replacement.
6.4.3 Lateral transfers do not normally involve increased levels of duties and
responsibilities, or otherwise qualify as promotions, and therefore do not
involve salary adjustments.
6.4.4 In the event an adjustment appears warranted based on extenuating
circumstances, the adjustment must have written approval from the
department head prior to being extended to the employee.
7 .0 PROVISIONS AND CONDITIONS
7.1 The interview process for Student Intern positions shall be an abbreviated version of
the process outlined in section 5.5 and will be administered by the appropriate division
manager/supervisor and a Human Resources representative.
7.2 OCSD's Board of Directors must approve unbudgeted positions for new hires or
promotions before any internal or open recruitment effort is initiated.
7.3 Hiring an individual into a budgeted position requires the approval of the Department
Head and General Manager.
7.4 Promoting an individual into a budgeted position requires the approval of the Division
Manager, Department Head or General Manager.
7.5 OCSD retains the right to refuse to place a relative under the direct supervision of an
OCSD employee where such has a potential for creating an adverse impact on
supervision, safety, security or morale.
7.6 OCSD retains the right to refuse to place relatives in the same department, division, or
facility where such has a potential for creating an adverse impact on supervision,
safety, security or morale, or involves potential conflicts of interest.
7.7 Employees on Performance Improvement Plans are not eligible for promotional
opportunities.
Page 9 of 11
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7.8 INITIAL PROBATIONARY PERIOD
7 .8.1 Unless designated All persons Aired by OCSO, except tAose desjgnated as
an "at-will'' Executive Management Team (EMT) member or student Intern, all
new empl0yees and employees who are reassigned or laterally transferred
serve a probationary period. In accordance with applicable MOUs and
policies, the prat>ationary perioa begins with the date of hire, reassignment, or
transfer and exter:ids ta at least the first day of the pay period following
twenty-six weeks of employment without a break in service. employees 3fe
considered to be probationary employees for a period of at least tAe first 26
weeks or 6 montAs of employment, depending l:.lpon tAe applicable MOU
provisions and/or policy, beg inning witA their date of Aire. For new employees,
this probationary period is regarded as an extension of th e hiring process, and
provides an opportunity for both the employee and OCSD's management to
assess, over a substantial period of time, whether or not the hiring decision
was appropriate and resulted in a relationship that adequately meets the
needs of both the individual and OCSD.
7.8.2 The probationary period may be extended by mutual agreement between
OCSD and the employee, prior to the expiration of the probationary period.
An employee's probationary period may be extended when there is a need to
further assess the individual's abilities to satisfactorily perform the duties
required for their job classification. Probationary employees may be released
by OCSD at any time during the probationary period (including any extension)
without cause or reason.
7.8.3 A probationary employee's work performance is closely monitored during this
period to ensure that the employee understands the duties, responsibilities
and management expectations of the position, and to allow an opportunity for
the supervisor or manager to provide proper direction and guidance.
Employees who do not demonstrate the potential for meeting performance
expectations for their position within a reasonable period of time may be
released prior to the completion of th e Probationary Period. Probationary
employees shall serve at the will of OCSD during this period. In the event of
release of a probationary employee, the employee shall not be entitled to
receive any severance pay.
7.9 PROMOTIONAL PROBATIONARY PERIOD
7.9.1 All promoted employees, except those designated as "at-will" employees,
shall serve a promotional probationary period lasting at least 120 days or 6-
months, depending upon the applicable MOU provisions, beginning with the
effective date of promotion . This period is regarded as an extension of the
selection process, and provides an opportunity for both the employee and
OCSD management to assess, over a substantial period of time, whether or
not the decision was appropriate.
7.10 REFERENCE CHECKS
7 .10.1 Employment with OCSD is contingent upon a pre-employment screening
process which includes a physical examination, drug/alcohol test and
background investigation. Candidates must also be able to provide
documentation authorizing their legal right to work in the United States as per
the Immigration Reform and Control Act of 1986.
Page 10 of 11
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7.10.2 OCSD may verify information contained in the job application of a prospective
employee with the prospective employee's authorization.
7.10.3 Inquiries to OCSD employees regarding reference or employment verification
checks of former or present employees shall be discussed with or referred to
Human Resources prior to any response.
8.0 RELATED DOCUMENTS
8.1 OCSD Student Intern Program Human Resources Intern Program guidelines
8.2 Policy 8160.00, EMT Recruitment
8.3 Policy FS0.00, Problem Solving Procedure
8.4 Policy F60.00, Grievance Procedure
8.5 Policy C180.00, At-Will Policy
8.6 Local 501 , Operations and Maintenance Unit MOU
8.7 Administrative and Clerical Unit MOU
8.8 Engineering Unit MOU
8.9 TechniGal Services Un1t MOU
8. 1 O Professional Gro1,1p MOU
8. 11 Supervisor Groug MOU
501 , OCEA and SPMT Memorandums of Understanding (MOUs)
Page 11 of 11
Book Page 53
Book Page 54
@ Orange County Policy Number: C190.00
Sanitation District Effective Date: FebruaF}' 25, 2004
March 23, 2005
Subject: Variable Non Base Pay Supersedes: October 22, 2003
Non-Base Building Pay February 25, 2004
1.0 PURPOSE
1.1
1.1
Approved by: Lisa L. Tomko
The pllrpose of this policy is to establish llniform gllidelines and procedllres
for variable pay other than basic hollrly rate. This 1,<ariable pay includes:
overtime pay for non exempt employees, acting pay, call back pay, standby
pay, providing unscheduled 0 1,ertime meals, severance pay and diffemntial
shift pay.
The purpose of this policy is to establish uniform guidelines and procedures
for non-base building pay that does not become a permanent part of base
pay, and may vary in amount from period to period.
2.0 ORGANIZATIONAL UNITS AFFECTED
2.1 Overtime pay for non-exempt applies to all Orange County Sanitation District
(OCSD) employees represented by the Engineering Unit, Technical Services
Unit, Administrative/Clerical Unit, Operations and Maintenance and
nonexempt confidential positions.
2.2 Acting pay, unscheduled overtime meals and severance pay applies to all
OCSD employees regardless of their organizational unit.
2.3 Call-back pay and standby pay applies to all non-exempt OCSD employees
regardless of their organizational unit.
2.4 Shift differential pay applies to all OCSD employees who are covered by an
MOU that entitles them to shift differential pay.
2.5 Var1able Special Pay applies to Executive Management Team, Manager
Group, and exempt Confidential Group employees and positions.
3.0 DEFINITIONS
3.1 Acting means performing substantially all of the duties of a vacant budgeted
position with a higher maximum rate of pay.
3.2 Call-back pay is paid to an employee by OCSD when an employee is called
back to work by management without prior notice, and the employee has
completed his or her normal work shift and left the worksite ~. or when
prior notice is given but the work begins on the same day at least three hours
after completion of the regular shift, the employee shall receive a minimum of
three hours of call-back pay.
Page I of7
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3.3 Non-Exempt employees who are covered by the minimum wage and overtime
provisions of the Fair Labor Standards Act, as amended. Such employees,
because of the type of work that they perform and their earnings level, are
subject to receiving overtime pay in addition to any entitlement otherwise
provided for in applicable Memoranda of Understanding or other policies.
3.4 Overtime is the number of hours, which are counted as time worked, in
excess of 40 hours during a workweek. For purposes of overtime_, all time
charged to unscheduled leave will not be counted as time worked.
3.5 Salary Range is the approved salary minimum and approved salary maximum
for eaeh pay grade in OCSD's approved compensation structure.
3.6 Standby is time during which an employee is not required to be at the work
location or at the employee's residence but is required to be available for
immediate return to work.
3.7 Workweek for full-time employees is 40 hours per 168-hour period, to be paid
on a biweekly payroll basis of 80 hours worked. Employee work periods may
be scheduled in shifts of four 9-hour days, and one 4-hour day each
workweek (9/80 schedule), five 8-hour days each workweek ( 10/80), four 10-
hour days each workweek (8/80), or three 12-hour days and one 4-hour day
each workweek (7/80). The starting and ending times of individual
employees' workweeks may vary.
3.8 Variable Special Pay is asditional compensation in the farm of a one-time
lump sum payment for an eligit:>le employee ~ho assumes the responsibilities
of another position for an exteAded period of time due to a leave of absence
or unusual circumstances.
4.0 POLICY
4.1 OVERTIME PAY FOR NON-EXEMPT EMPLOYEES
4.1.1 Non-exempt employees who qualify for overtime compensation in excess
of 40 hours in a workweek f.or work beyond their normal schedule shall
be paid one-and-a-half times their regular rate of pay in accordance with
the procedures listed in section 5.1.
4.2 ACTING PAY
4.2.1 It is OCSD's policy to compensate employees, for performing
substantially all of the duties of a vacant budgeted position with a higher
maximum rate of pay in accordance with the procedures listed in section
5.3.
4.2.2 Acting pay status shall be limited to continue f.or a maximum of six
months.
4.3 CALL-BACK PAY
4.3.1 It is OCSD policy to compensate employees for call-back pay in
accordance with the procedure listed in section 5.4.
Page 2 of7
Book Page 56
4.4 STANDBY PAY
4.4.1 An employee covered by a Memorandum of Understanding provision for
standby pay who is placed on standby shall be compensated at the rate
of two hundred dollars per week, and will also receive call-back pay
when they are actually called to work in accordance with the procedures
listed in section 5.5.
4.5 UNSCHEDULED OVERTIME MEALS
4.5.1 It is OCSD policy to provide employees with actual food service or
reimbursement mGRey for meals and/or food service when they are
required to serve unscheduled overtime in accordance with the
procedures listed in section 5.6.
4.6 SEVERANCE PAY
4.6.1 Employees are expected to give a minimum of two weeks written
notification, depending upon employment status, when resigning from
employment with OCSD. OCSD will follow the procedures for a Notice of
Intent to separate as listed in section 5.7.
4.7 SHIFT DIFFERENTIAL PAY
4. 7.1 It is OCSD policy to compensate employees for shift work outside normal
business hours at an hourly rate above their normal hourly rate in
accordance with the procedures listed in section 5.8.
4.8 VARIABLE SPECIAL PAY
4.8.1 Eligible employees will receive additional compensation in accordance
with the procedures listed in section 5.9.
5.0 PROCEDURE
5.1 OVERTIME PAY FOR NON-EXEMPT EMPLOYEES
5.1.1 Non-exempt employees shall not be paid overtime compensation until 40
hours of work time, which includes scheduled leave, is reached in a
seven (7) day workweek.
5.2 HO/LIDA Y PAY
5.2.1 When an employee's work schedule requires that they work on an
observed holiday, the employee may opt to be paid at two-and-one-half
times the regular rate of pay for the holiday or to be paid at one-and-one-
half times the regular rate and receive an equivalent amount of Holiday
Compensatory Time Off equivalent to the number of hours in the shift.
Normally, employees that accumulate in excess of fifty hours of Holiday
Compensatory Time Off will be scheduled to take such excess time off or
be paid for the excess accumulated Holiday Compensatory Time Off at
the convenience of OCSD. For good reason, the Department Head may
allow Holiday Compensatory Time Off to be accumulated in excess of
fifty hours.
Page 3 of7
Book Page 57
5.3 ACTING PAY
5.3.1 Employees who are temporarily assigned by OCSD management to
perform substantially all of the duties of a higher level classification for a
period of at least 100 consecutive hours will be eligible for a salary
increase up to a maximum of six months. for f.urther continued service in
the higher classification.
5.3.2 For service beyond 100 consecutive hours, pay shall be one step greater
than the employee's current rate of pay, or at the minimum of the pay
range for the acting position, whichever is greater.
5.3.2.1 The higher rate of pay begins with the 101 st hour, and continues
until the assignment ends.
5.3.2.2 Requests for acting pay require the approval of the employee's
Department Head and the Director of Human Resources.
5.4 CALL-BACK PAY
5.4.1 When an employee is called back to work by OCSD without prior notice,
and the employee has completed his or her normal work shift for that day
and left the work site, or when prior notice is given by OCSD, but the
work begins on the same day at least three hours after completion of an
employee's regular shift the employee shall receive a minimum of three
hours of call-back pay. The three hours minimum, whether or not
actually worked, shall be paid at the rate of one and one half times the
employee's regular hourly rate. If the actual work time exceeds three
hours, the employee will be compensated for that time as well, except
that no employee may work for or be compensated for more than 16
hours in a 24-hour period. Employees who are called back a second
time Within a normal shift period are considered to be working for the
duration of that shift.
5.5 STANDBY PAY
5.5.1 Standby assignments shall first be made on a voluntary basis.
5.5.2 A volunteer standby list shall be established by classification and job
location.
5.5.3 Standby assignments shall be made from the list of employees who are
competent and experienced, in alphabetical order, on a rotating basis.
5.5.4 In the event that no one volunteers, OCSD shall, on a rotational basis,
assign standby by job classification and work location from employees
who are competent and experienced.
5.6 UNSCHEDULED OVERTIME MEALS
5.6.1 When employees are required to work overtime due to an emergency, and
actually work at least five hours, or due to an unanticipated extension of their
regular workday that includes a regular meal period, tAe employees are is
entitled to reimbursement for the actual cost of a meal, not to exceed applicable
per diem amounts in addition to any compensation for time worked. Receipts are
Page 4 of7
Book Page 58
not required to receive the per diem amount. In lieu of cash reimbursement,
OCSD may provide actual food service to the employees.
5.7 SEVERANCE PAY
5. 7 .1 Employees are expected to give a minimum of two weeks written
notification, depending upon employment status, when terminating
employment with the District. When a full-time regular employee is
separated from employment by action of OCSD, except for disciplinary
cause, the employee will be notified in writing through a Notice of Intent
to Separate two weeks prior to the effective separation date. The
employee will be entitled to severance pay in accordance with the
formula set forth below: The notification period for employees on unpaid
lea¥e will be reduced by the number of calendar days of such leave. In
the eveht such notification is not given below:
5.7.1 .1 Full-time, regular employees shall be entitled to eight hours pay
for each full calendar month of continuous employment not to
exceed one hundred sixty hours pay, or as may be determined
by the General Manager.
5. 7 .1.2 Employees in limited term or part-time classifications, Student
Interns, probationary employees, and employees who are
dismissed for cause are not eligible for severance pay under any
circumstances.
5.8 SHIFT DIFFERENTIAL PAY
5.8.1 Employees who are regularly assigned to work a night shift that consists
of 50% or more of their hours between 6 p.m. and 6 a.m., and who
actually work that shift, shall receive a shift differential of $2.50 per hour.
5.9 VARIABLE SPECIAL PAY
5.9.1 An eligible employee must assume the responsibilities of another
position for at least 30 days in order to receive Variable Special Pay and
such pay is limited to no more than three (3) months.
5.9.2 Requests for Variable Special Pay require a review by the Human
Resources Department and approval of the General Manager.
5.9.3 Employee retains the normal duties of his/her own position when
assuming the responsibilities of another position.
5.9.4 One-time lump sum payment shall be applied at the end of leave of
absence coverage.
5.9.5 Calculation of Variable Special Pay is as follows:
5.9.5.1 Determine number of workweeks of the leave of absence. Four
(4) workweeks equals one month. Two (2) workweeks equals
half of a month.
5.9.5.2 For employee covering the leave of absence, multiply 1 % of the
annual base salary which will equal the "baseline amount".
Page 5 of7
Book Page 59
5.9.5.3 Multiply the "baseline amount'' by the number of months covered,,
which will equal the one-time lump sum of the Variable Special
Pay (VSP) amount.
Example:
Employee covering leave of absence:
Annual Base Salary = $90,000
1 % x $90,000 = $900 ("baseline amount")
VSPAmount
6.0 EXCEPTIONS
1 month of coverage
1.5 months of coverage= $900 x 1.5
2 months of coverage = $900 x 2.0
2.5 months of coverage = $900 x 2.5
3 months of coverage = $900 x 3.0
= $ 900
= $1,350
= $1,800
= $2,250
= $2,700
6.1 Acting pay -the 100-hour eligibility period may be waived at the discretion of
the General Manager.
6.2 Variable Special Pay -Coverage for a leaye of absence longer than three (3)
months shall be re-evaluated by the Human Resources Department and if
applicable re-approved by the General Manage based upon business
necessity, operational requirements, or any other extenuating circumstance.
7.0 PROVISIONS AND CONDITIONS
7.1
7.2
Standby pay -a standby list will be developed by the Operations and
Maintenance Department weekly, and it shall be posted at both the Plant No.
1 Control Center and at the Plant No. 2 Operations Center.
Severance pay -employees who are dismissed for cause will not receive a
Notice of Intent to Separate under the provisions of the policy.
8.0 RELATED DOCUMENTS
8.1 Fair Labor Standards Act
8.2 Policy F20.00, Hours of Work -Non-Exempt Employees
8.3 Policy F20.10, Hours of Work -Exempt Employees
8.4 Local 501, Operations and Maintenance Unit MOU
8.5 Administrative and Clerical Unit MOU
8.6 Engineering Unit MOU
8. 7 Technical Services Unit MOU
8.8 Professional Group MOU
Page 6 of7
BookPage 60
8.9 Supervisor Group MOU
Page 7 of7
Book Page 61
Rook Page 62
**
5.5 Employees who are assigned to eight, nine or ten-hour shifts, Monday ~hrough Friday,
will observe the holidays listed in Schedule A. Employees who are assigned to twelve-
hour shifts will observe the holidays as listed in Schedule B.
SCHEDULE A
HOLIDAY 2005 2006 2007
New Year's Day Friday, December 31 Monday, January 2 Monday, January 1
Lincoln's Birthday Friday, February 11 Monday, February 13 Monday, February 12
President's Day Monday, February 21 Monday, February 20 Monday, February 19
Memorial Day Monday, May 30 Monday, May 29 Monday, May 28
Independence Day Monday, July 4 Tuesday, July 4 Wednesday, July 4
Labor Day Monday, September 5 Monday, September 4 Monday, September 3
Veteran's Day Friday, November 11 Friday, November 10 Monday, November 12
Thanksgiving Day Thursday, November 24 Thursday, November 23 Thursday, November 22
Day after Thanksgiving Friday, November 25 Friday, November 24 Friday, November 23
Day before Christmas Friday, December 23 Monday, December 25 Monday, December 24
Christmas Day Monday , December 26 Tuesday , December 26 Tuesday , December 25
Floating Holiday ** ** **
SCHEDULE B
HOLIDAY 2005 2006 2007
New Year's Day Saturday, January 1 Sunday, January 1 Monday, January 1
Lincoln's Birthday Saturday, February 12 Sunday, February 12 Monday, February 12
President's Day Monday, February 21 Monday, February 20 Monday, February 19
Memorial Day Monday, May 30 Monday, May 29 Monday, May 28
Independence Day Monday, July 4 Tuesday, July 4 Wednesday, July 4
Labor Day Monday, September 5 Monday, September 4 Monday, September 3
Veteran's Day Friday, November 11 Saturday, November 11 Sunday, November 11
Thanksgiving Day Thursday, November 24 Thursday, November 23 Thursday, November 22
Day after Thanksgiving Friday, November 25 Friday, November 24 Friday, November 23
Day before Christmas Saturday, December 24 Sunday, December 24 Monday, December 24
Christmas Day Sunday , December 25 Monday, December 25 Tuesday , December 25
Floating Holiday ** ** **
Employees may elect one day during each year as a "·i;:Ioa~ing ~oliday." New employees •~ill .
accrue the "i;:loating Holiday" on the following pro rata basrs their first ealendar year of sef\_Iee.
1st quarter hire 100%, 2nd quarter hire -75%, 3rd qYarter hire 50%; and 4th qYarter hire -
0%. The "Floating Holiday" must be used within the year it is aecrued.
Page 2 of4
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Every effort shall be made to grant an employee's request for a "Floating Holiday" off pro•1iding an
employee gives sufficient notice to their supervisor. It is recommended that the floating holiday be
utilized by the last full pay period in Qecember of the year in which it is accrued however, if an
employee chooses to use the floating holiday after the last full pay period up until December 31 ,
they may. The employee should notify payroll if they choose the latter option.
5.6 Floatin@ Holiday
5.6.1 Employees may elect one day during each calendar year as a Floating
Holiday.
5.6.2 There will be no more than one Floating Holiday granted to an employee in
any calendar year.
5.6.3 New hires will be granted the Floating Holiday on the following pro-rata basis,
depending on the employee's work schedule, in their first calendar year of
service:
Percent of
Hire Month Floating Holiday
Granted
January -March 100%
April -June 75%
July -September 50%
October -December 0%
5.6.4 The Floating Holiday shall only be used as a full day increment unless the
holiday is pro-rated according to the percent of holiday grantel:I as ljsted in
section 5.6.3 above. As such, the percent of holiday granted shall be used in
one occurrence.
5.6.5 The Floating Holiday must be used within the year it is granted. The Floating
Holiday will not be carried over from one calendar year to the next. If not
used within the year granted, the Floating Holiday is lost.
5.6.6 Within the year granted, an unused Floating Holiday is not subject to cash
out or eligible for any mandatory payout regardless of the reason.
5.6.7 Every effort shall be made to grant an employee's request for a Floating
Holiday off, subject to business requirements, i,,roviding an employee gives
sufficient advance notice to his/her supervisor.
5.6.8 Floating Holiday should be used by the last full pay period in December of
the year in which it is granted. However, an employee may choose to use
the Floating Holida¥ after the lastfull pay period up until December 31 .
6.0 EXCEPTIONS
6.1 When an employee is on medical or pregnancy leave, holidays will be paid only during
disability waiting period if employee is in a continuous paid status. All other holidays that
occur outside the waiting period will not be paid , regardless if employee is in paid status
or not.
6.2 Part time employees, who work on a holiday are not eligible to receive overtime pay.
Page 3 of 4
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7.0 PROVISIONS AND CONDITIONS
7.1 If a regularly scheduled holiday occurs on a Saturday, the previous Friday shall be taken
off as the "holiday" for pay purposes. If a regularly scheduled holiday occurs on a
Sunday, then the following Monday shall be taken off as the "holiday" for pay purposes.
7.2 In all cases, the Floating Holiday must be used within the calenaar _year granted.
7 .3 Student Interns are ex~luded fro111 this policy.
8.0 RELATED DOCUMENTS
8.1 Lecal 501 , Operations-and Maintenance Unit MOU
8.2 Administrative and Clerical Unit MOU
'8.3 Engineerin_g Unit MOU
8.4 Technical Services Unit MOU
8.5 Professional Gre_up MOU
8.6 Supervisor Group MOU
Page4 of4
Book Page 66
@ Orange County Policy Number: F70.00
'
.
Sanitation District Effective Date: February 25, 2004
March 23, 2005
Subject: DISCIPLINE Supersedes: April 26, 2000
February 25, 2004
Approved by: Lisa L. Tomko
1.0 PURPOSE
1.1 The purpose of this policy is to establish uniform guidelines and procedures for use in the
administration of fair and consistent discipline in instances where employees have exceeded
the limits of acceptable behavior or performance.
2.0 ORGANIZATIONAL UNITS AFFECTED
2.1 This policy applies to all current Orange County Sanitation District (OCSD) employees
regardless of their organizational unit.
3.0 DEFINITIONS
3.1 Discipline is the occurrence of any of the following actions taken for just cause with respect to
any employee: verbal reprimand, written reprimand, suspension without pay, reduction in pay,
demotion to a classification with a lower maximum rate of pay, or dismissal.
3.2 Dismissal is the separation from OCSD employment of a regular non probationary employee
initiated by OCSD for just cause. "Termination" means dismissal, and the terms are used
interchangeably throughout this policy manual.
3.3 Serious Misconduct is performance or conduct connected with an employee's work that the
employee knows or reasonably should have known was unsatisfactory. While not an
exhaustive list, such performance or conduct may involve behaviors listed in section 5.5 of
this policy.
4.0 POLICY
4.1 OCSD is committed to practicing supervisory and management practices and procedures
which support effective operations in the best interest of OCSD and of employees. Such
procedures include the administration of fair and consistent discipline in instances where
employees have exceeded the limits of acceptable behavior or performance. Employment
with OCSD is voluntarily entered into, and employees have the right to resign within the
guidelines of Memorandums of Understanding and administrative policies at any time to
pursue other interests. Similarly, OCSD has the right to conclude an employment relationship
for proper cause when it is believed to be in OCSD's best interests.
4.2 The General Manager is authorized and directed to exercise supervision over all employees
and to impose discipline, for just cause, upon any person employed under the provisions of
this Policy for both general and serious violations.
4.3 The General Manager shall establish rules and guidelines pertaining to the procedures
governing such actions.
Page I of3
Book Page 67
4.4 The General Manager is authorized to delegate his authority herein to the Department Heads,
Division Managers, Director of Human Resources and other management and supervisory
employees, as the General Manager deems appropriate. Notwithstandlng the foregoing, "at
111ill" Executive Management employees may be dismissed at any time, without notice or just
~
4.5 Notwithstanding the foregoing, Executive Management and cantract employees who have
signed an agreement to sever at the pleasure of the Joint Board or General Manager, is "at
will" and may be dismissed at any time, without notice or just cause.
5.0 PROCEDURE
5.1 Discipline may occur when any of the following actions are taken for just cause with respect to
any employee: verbal reprimand, written reprimand, suspension without pay, reduction in pay,
demotion to a classification with a lower pay grace maximum rate of pay, or dismissal.
Dismissal is the termination from OCSD employment, of a non-probationary employee,
initiated by OCSD for just cause. Employees exempt from overtime pursuant to the Fair
Labor Standards Act, however, shall not be subject to suspension without pay for less than
one week except for major safety violations.
5.2 A Notice of Intent to impose disciplinary action is not required when the disciplinary action
involves verbal reprimand or written reprimand.
5.3 A Notice of Intent to impose disciplinary action is required and will be given to an employee
whenever the disciplinary action involves suspension without pay, reduction in pay, demotion
to a classification with a lower Ji)ay grade maximum rate of pay, or dismissal. The Notice of
Intent shall be given to the affected employee either by delivery in person or by Certified Mail
sent to the employee's last know address. The Notice of Intent shall indicate the date on
which it was personally delivered or deposited in the mail, which shall be the date of issuance.
5.3.1 The Notice of Intent shall contain the following: (1) a description of the disciplinary
action intended and the effective date of the action, (2) the reasons for the proposed
action; (3) a copy of the charges and materials upon which the action is based; and,
(4) a statement of the employee's right to respond, either verbally or in writing to the
person initially imposing the discipline, or to an OCSD management representative
with authority to make an effective recommendation on the proposed action, the
person to whom any response must be directed, and the fact that such response
must be received within ten business days of the date of issuance of the notice. The
Notice will also advise the employee of the right to representation.
5.4 Prior to the effective date of any proposed disciplinary action requiring a Notice of Intent, the
employee will be given an opportunity to respond either orally or in writing to a management
representative with authority to make an effective recommendation on a proposed action.
After review of an employee's response, OCSD will notify the employee in writing of any action
to be taken. Such action may not involve discipline more severe than that described in the
Notice of Intent; however, OCSD may reduce discipline without further notice.
5.5 Dismissal shall be proceeded preceded by at least one written reprimand 1 except in those
situations in which the employee knows or reasonably should have known that the
performance or conduct was unsatisfactory. Such performance or conduct may involve, but is
not limited to: dishonesty, possession, use, sale or being under the influence or drugs or
alcohol, theft or misappropriation of OCSD's property or funds, falsification of OCSD's
records, fighting on the job, insubordination, acts endangering people or property, or other
serious misconduct. OCSD may alsG-sL1bstitute a documented suspension without pay, in lieu
Gf-..tAe for written reprimands requirement herein.
Page 2 of3
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5.6 If a Notice of Intent is upheld and the disciplinary action is imposed, the employee may
request a post-disciplinary hearing. The request must be submitted to the Director of Human
Resources or designee within ten business days after the date of issuance of the notice of
disciplinary action. Human Resources shall schedule a post-disciplinary hearing with the
General Manager or his designee. The General Manager, or his designee, may uphold the
disciplinary action, which has been taken or may reduce such discipline without the issuance
of further notice. The decision of the General Manager or his designee shall be final.
5.7 OCSD may place an employee on administrative leave without prior notice in order to review
or investigate allegations of conduct which, in OCSD's view, would warrant relieving the
employee immediately from all work duties. If, upon conclusion of the investigation, neither
suspension without pay nor dismissal is determined by OCSD to be appropriate, the
employee shall be paid for the leave. Although an administrative leave may exceed fifteen
business days, if a suspension without pay is determined to be the appropriate discipline, a
maximum of fifteen business days of the administrative leave period may be applied to such
suspension without pay.
6.0 EXCEPTIONS
7.0 PROVISIONS AND CONDITIONS
7.1 The General Manager, Executive Management Team (EMT) members, new-hire probationary
employees, and Student Interns serve "at-will" and may be released from employment without
cause or recourse to any appeal or grievance procedures.
8.0 RELATED DOCUMENTS
8.1 Policy 8100.00 Employee Separation
8.2 Policy C180.00, "At-Will" Employment
8.3 Local 501, Operations and Maintenance Unit MOU
8.4 Administrative and Clerical Unit MOU
8.5 Engineering Unit MOU
8.6 Technical Services Unit MOU
8.7 Professional Group MOU
8.8 Supervisor Group MOU
Page 3 of3
Book Page 69
Book Page 70
RESOLUTION NO. OCSD 05-XX
AMENDING RESOLUTION NO. OCSD 98-33
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE
COUNTY SANITATION DISTRICT AMENDING THE HUMAN RESOURCES
POLICIES AND PROCEDURES
*************"******"k-lrlrlc'1rk****
The Board of Directors of the 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. B100.00, Employee Separation, set forth in Attachment No. 1, attached
hereto and incorporated herein by reference.
Section 2: That Exhibit "A" of Resolution No. OCSD 98-33 is hereby amended by
amending Policy No. B 120. 00, Outside Employment, set fourth in Attachment No. 2, attached
hereto and incorporated herein by reference.
Section 3: That Exhibit "A" of Resolution No. OCSD 98-33 is hereby amended by
amending Policy No. B150.00, Recruitment and Selection, set fourth in Attachment No. 3,
attached hereto and incorporated herein by reference .
Section 4: That Exhibit "A" of Resolution No. OCSD 98-33 is hereby amended by
amending Policy No. C190.00, Variable Non-Base Pay, set fourth in Attachment No. 4, attached
hereto and incorporated herein by reference.
Section 5: That Exhibit "A" of Resolution No. OCSD 98-33 is hereby amended by
amending Policy No. 030. 00, Holidays, set fourth in Attachment No. 5, attached hereto and
incorporated herein by reference.
Section 6: That Exhibit "A" of Resolution No. OCSD 98-33 is hereby amended by
amending Policy No. 070.00, Discipline, set fourth in Attachment No. 6, attached hereto and
incorporated herein by reference.
Section 7: That all other terms and conditions of Resolution No. OCSD 98-33, as
previously recommended, shall remai.n in full force and effect.
Section 8: That all future amendments to Resolution No. OCSD 98-33 be made by
Resolution.
PASSED AND ADOPTED at a regular meeting held March 23, 2005.
Chair
ATTEST:
Board Secretary
Book Page 71
Book Page 72
FAHR COMMITTEE
AGENDA REPORT
Orange County Sanitation District
FROM: Robert Ghirelli, Director of Technical Services
Originator: Mahin Talebi, Source Control Manager
Meeting Date To Bd. of Dir.
Q3/09/0S o~-23-o~
Item Number 1tem Number
FAHR0S-18
SUBJECT: Resolution No. OCSD05-_ , Establishing Fats, Oil, and Grease Control
Program Fees Applicable to Food Service Establishments
GENERAL MANAGER'S RECOMMENDATION
Adopt Resolution No. OCSD05-_, Establishing Fats, Oil, and Grease Control Program
Fees Applicable to Food Service Establishments.
SUMMARY
._ On November 17, 2004, the Board of Directors adopted Ordinance No. OCSD-25
regarding FOG control regulations applicable to food service establishments. This
Ordinance was adopted to comply with Order RS-2002-0014 (Order) issued to the
District and 32 other agencies by the California Regional Water Quality Control
Board. The Order prescribes general waste discharge requirements prohibiting
sanitary sewer overflows (SSOs) by sewer collection agencies. The Order states
that one of the leading causes of the SSOs is "grease blockages caused by food
service establishments discharging FOG into the sanitary sewer system." As a
result of the Order and the need to reduce SSOs, the District developed a FOG
program and adopted an Ordinance to regulate and control the discharge of FOG to
the sewer system.
• Pursuant to the FOG Ordinance, food service establishments must obtain a FOG
Waste Discharge Permit and pay an application fee in an amount established by
resolution of the Board of Directors. In addition, food service establishments who are
found to be in noncompliance with the terms and conditions of their permits or the
provisions of the Ordinance No. OCSD-25 will be subject to a general
noncompliance fee, also in an amount established by resolution of the Board of
Directors.
• Staff has calculated the following fees:
• Annual Permit Fee: $100 per year (includes recoverable costs of
administrative processing and maintenance of a FOG Wastewater Discharge
Permit issued to food service establishment)
• General Noncomplia nce Fee: $100.00 per day (includes recoverable costs of
additional monitoring activities and administrative processing incurred
resulting from the noncompliance).
Book Page 73
PRIOR COMMITTEE/BOARD ACTIONS
• November 17, 2004 -Board Action: Adopted FOG Ordinance No. OCSD-25.
PROJECT/CONTRACT COST SUMMARY
N/A
BUDGET IMPACT
• • • ~
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
• Fee calculations are illustrated in the attached spreadsheet.
ALTERNATIVES
N/A
CEQA FINDINGS
N/A
ATTACHMENTS
• ATTACHMENT 1 -Proposed Resolution for Fats, Oil, and Grease Fees
• ATTACHMENT 2 -Fee Calculation Spreadsheet
Book Page 74
Page2
RESOLUTION NO. OCSD-05-
ESTABLISHING FATS, OIL, AND GREASE CONTROL
PROGRAM FEES APPLICABLE TO FOOD SERVICE
ESTABLISHMENTS
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE ORANGE COUNTY SANITATION DISTRICT,
ESTABLISHING FATS, OIL, AND GREASE CONTROL
PROGRAM FEES APPLICABLE TO FOOD SERVICE
ESTABLISHMENTS
********************
WHEREAS, the State of California Regional Water Quality Control Board
("RWQCB") for the Santa Ana Region adopted Order RB-2002-0014, which prescribes
general waste discharge requirements prohibiting sanitary sewer overflows ("SSOs") by
sewer collection agencies; and
WHEREAS, in Order RB-2002-0014, the RWQCB found that one of the leading
causes of SSOs within the Santa Ana Region, which encompasses the District's service
area is "grease blockages;" and
WHEREAS, SSOs often caused by discharge of wastewater containing high
levels of fat, oils and grease ('FOG"), suspended solids, pathogenic organisms, and
other pollutants, may cause temporary exceedances of applicable water quality
objectives, pose a threat to the public health, adversely affect aquatic life, and impair
the public recreational use and aesthetic enjoyment of surface waters within the
District's service area; and
WHEREAS, the 2000-2001 Orange County Grand Jury ("Grand Jury") conducted
a survey among 35 wastewater collection and treatment agencies in Orange County
and concluded that one of the leading causes of SSOs and sewage spills is sewer lines
clogged from the accumulation of FOG discharged from Food Service Establishments;
and
WHEREAS, the Grand Jury further concluded that more effective methods of
minimizing grease discharges into the sewer system must be developed and
implemented to reduce the discharge of FOG to the sewer system in order to prevent
sewer blockages and SSOs; and
WHEREAS, Orange County Sanitation District ("District"), together with 32 other
agencies, are collectively named as "Dischargers" in Order No. RB-2002-0014; and
WHEREAS, Order No. RB-2002-0014 requires the District to monitor and control
SSOs and to develop a FOG Control Program by December 30, 2004; and
WS&S-OXS:pj:197983:02/07/05 1
Book Page 75
WHEREAS, in light of the overwhelming evidence that FOG is a primary cause of
SSOs, the District desires to implement a FOG Control Program to prevent SSOs; and
WHEREAS, the foregoing findings indicate that a FOG Control Program is
required for Food Service Establishments within the District's jurisdiction to comply with
waste discharge regulations and prevent the harmful effects of SSOs; and
WHEREAS, on November 17, 2004, the Board of Directors adopted Ordinance
No. OCSD-25 adopting FOG control regulations applicable to Food Service
Establishments; and
WHEREAS, Ordinance No. OCSD-25 requires Food Service Establishments
subject to the regulations to obtain a FOG Wastewater Discharge Permit, and to pay an
application fee in the amount set by resolution of the Board; and
WHEREAS, Food Service Establishments who are found to be in noncompliance
with the terms and conditions of their FOG Wastewater Discharge Permit, Ordinance
No. OCSD-25 or other relevant regulations are required to pay a general
noncompliance fee, which includes the District's costs of additional monitoring activities
and administrative processing incurred resulting from the noncompliance.
NOW, THEREFORE, the Board of Directors of the Orange County Sanitation
District DOES HEREBY RESOLVE, DETERMINE, AND ORDER:
Section 1: Annual Permit Fee . The fee for each FOG Wastewater Discharge
Permit issued pursuant to Ordinance No. OCSD-25 or its successors, is $100 per year.
For example, a permit for a two-year term is subject to a $200 fee.
Section 2: General Noncompliance Fee. The general noncompliance fee
is $100. 00 per day for the District follow-up activities due to permit, ordinance or
regulatory noncompliance.
PASSED AND ADOPTED at a regular meeting held March 23, 2005.
Chair
ATTEST
Board Secretary
WS&S -OXS:pj: l 97983:02/07/05 2
Book Page 76
ATTACHMENT 2 -PERMIT AND NONCOMPLIANCE FEE CALCULATIONS
PERMIT AND NONCOMPLIANCE FEE CALCULATIONS
Time Spent (minutes) and Cost (Dollars)
Description Activity Sr. Env Spec. SC lnsp II Prog. Asst. Engr. Supv. Total, min
Pennit Fee Calculation
1) Permit Application Processing Initial Notification to Apply for Permit 5 5
{Once/4 years) Review Application 10 10
Inspect Facility 30 30
Inspection Travel Time 40 40
Prepare/Issue Permit 30 5 2 37
Total, minutes 110 0 10 2 122
Hourly Rate {range midpoint), $/hr $ 33.29 $ 30.92 $ 20.32 $ 49.34
Hourly Cost, $ $ 61 .04 $ -$ 3.39 $ 1.64
Total Hourly Cost $ 66.07
Total with 1.3 overhead $ 85.89
2) Permit Maintenance Compliance Tracking 240 240
{During 4-year permit duration) BMP/GI Report Processing 320 320
Total, minutes 240 0 320 0 560
Hourly Rate {range midpoint), $/hr $ 33.29 $ 30.92 $ 20.32 $ 49.34
Hourly Cost, $ $ 133.17 $ -$ 108.36 $ -
Total Hourly Cost $ 241.53
Total with 1.3 overhead $ 314.00
~year FEES TOTAL $ 399.88
I I
ANNUAL PERMIT FEE $ 100
I I
Noncompliance Fee Calculaitons
Time Spent (minutes) and Cost (Dollars)
Description Activity Sr. Env Spec. Prog. Asst. Engr. Supv. Total, min
Noncompliance Fee Prepare NOV 10 10
Issue NOV 10 3 13
30-day Follow-up lnsp/Monitoring 40 40
Follow-up travel time 40 40
Enforcement Evaluation 30 5 35
TOTAL 120 10 8 138
Hourly Rate (range midpoint), $/hr $ 33.29 $ 20.32 $ 49.34
Hourly Cost, $ $ 66.59 $ 3.39 $ 6.58
Total Hourly Cost $ 76.55
Total with 1.3 overhead $ 99.52
GENERAL NONCOMPLIANCE FEE $ 100
Book Page 77
Book Page 78
FAHR COMMITTEE Meeting Date To Bd. of Dir.
3/9/05
AGENDA REPORT Item Number Item Number
FAHR0S-19
Orange County Sanitation District
FROM: Blake Anderson, General Manager
SUBJECT: Proposed Formation of New Department: Regional Assets and Services
GENERAL MANAGER'S RECOMMENDATION
This is an early information item with an opportunity for the FAHR Committee to provide
early feedback to the General Manager.
As the FY 2005-06 budgeting process moves forward during April, May and June, this
department will be formally proposed for consideration by the FAHR Committee and by
the Board of Directors.
SUMMARY
The Sanitation District presently has a division within the Operations and Maintenance
Department called Regional Assets and Services. This proposed change will elevate
this division to full departmental status.
There are two reasons for this proposal.
First, it will mean that the sewer maintenance related activities of this group will have
direct review and access to the EMT and the General Manager. With this change, our
weekly EMT meetings will have regional sewer policy and strategy as part of the mix of
issues we regularly address. Why is this important? Over the last five years, the
Sanitation District has taken on an increasingly active role in leading and assisting the
cities within our service area. Examples including staff training and standardized
contracts for sewer cleaning and video inspections of the small diameter sewer lines
owned and operated by the cities. We also mail an annual questionnaire to every one
of the public agencies that own sewers in our service area and compile the results into
an annual report. This report provides an accurate and current assessment of the
sewer lines in our service area and the measures and practices that are employed to
maintain them.
In April 2002, the Regional Water Quality Control Board issued "Waste Discharge
Requirements" for all the Sanitation District and all of the satellite systems operated by
cities and special districts within our service area, including the military bases and El
Toro Water District. This action added a large number of new responsibilities that every
city and sanitary district within our service area must complete. The Sanitation District
has lead coordination responsibility for a number of these tasks. They are related to
sewer maintenance, spill reporting, and FOG control. As this group adds to it technical
leadership and provides more assistance to our members agencies, regional sewers
H:ldeptlaganda\FAHR\FAHR2005\0305\05-19.Ragional Assets doc
Revised: 06/04/03
Book Page 79
Page 1
become increasingly important to the overall strategic intention of the Sanitation District.
In 2003, we renamed this group Regional Assets and Services (formerly Collections
Division) to make a tlear statement of its expanding role. This trend is expected to
continue into the foreseeable future.
Second, elevating this division to department status will prepare the Sanitation District
for expected changes that will occur in the next 12 to 18 months in how the County,
cities and special districts work cooperatively to manage urban runoff. The institutional
arrangements and inter-agency agreements between the various players-including the
Sanitation District-will come to life soon.
The Sanitation District's role in urban runoff today consists of accepti,ng approximately 2
million gallons per day of diversions without cost from 12 locations in Fountain Vc1lley,
Huntington Beach, and Newport Beach. When fees are eventually imposed on property
owners to pay for this service, then many rn.ore new diversion locations will be proposed
by others. This group will manage this evolving practice.
As new regional projects are identified, it is very likely that the technical expertise of the
Sanitation District will part of the effort. The Sanitation District may take a subordinate or
lead role in these regional projects. Our role will be decided later by deliberation of our
own board and the expres·sed preferences of otherr govern.mental bodies. A likely
scenario is that several cities, the Sanitation District and the County will form project
management agreements that result in new sy,stems that are designed, constructed and
maint,ai'ned. Those projects with a dry weather urban runoff diversion element to them
will absolutely require our time and attention to make certain they operate as they are
intended and do not cause unintended impacts on our very large and dynamic regional
wastewater treatment system.
The time is now to begin to prepare for this eventuality by establishing our own
institutional infrastructure in place so that we can competently respond to the changes
that are coming our way.
PRIOR COMMITTEE/BOARD ACTIONS
1. Adoption of Urban Runoff Diversion Policy September 27, 2000
2. Policy amended March 28, 2001 to modify indemnity language
BUDGET IMPACT
This proposed change will be budgeted for FY 2005,..06. The additional annual cost for
the first year is expected to be apprm<imately $15,000 from the reclassincation of 2
position(s) and a staff increase of O FTE. In the future, when additional sewer
management and urban runoff management services are requested of the Sanitation
District, new revenue from fees will pay for them. Staff predicts that new fees will be
levied in the future to P<W for: these regional assets and services. How they are
administered, who administers them, and how they are raised in the first place (i.e. a
Proposition 218 election) have yet to be decided.
H:ldeptlagenda\FAHRIFAHR2005\0305\05-19 Regional Assets.doc
Revised: 06/04/03
Book Page 80
Page 2
ADDITIONAL INFORMATION
The Sanitation District first became involved in accepting dry weather urban runoff
diversions in September 1999. We voluntarily took this unprecedented action when it
became clear, from scientific evidence, that the beach closures and postings occurring
in Huntington Beach were the direct result of contaminated urban runoff reaching the
shoreline through the Talbert Channel, the Santa Ana River, and other sources. The
only timely and effective measure available to improve the situation was for the
Sanitation District to allow cities like Huntington Beach to divert dry weather low flow
contaminated urban runoff from storm channels and local stormwater pump stations into
sanitary sewers that flow to us. The improvement was dramatic, instantaneous and
lasting.
In the future many more projects will be proposed to manage the continuing problem of
contaminated dry weather urban runoff from reaching inland fresh water streams and
coastal marine waters. These projects will have to be identified, prioritized, designed,
constructed, operated, maintained and monitored. Who will be responsible has yet to
be decided. Who will pay for it or raise the money to pay for it has yet to be decided. In
any case, the Sanitation District will be placed in a position of helping manage the
problem of contaminated dry weather urban runoff by accepting increasingly larger
amounts of flow.
The County Board of Supervisors is addressing the issue of institutional arrangements
and decision making now. Over the next several months it is likely that they will
propose a way for the County, the cities, and special districts to work together using
existing staff and existing physical assets. We will share responsibilities and work
together in an orderly manner.
The Board of Supervisors is also considering the question of fees to pay for the capital
and operating costs associated with a county-wide approach to managing dry weather
urban runoff. There are several options that could be considered including a
Proposition 218 election similar to what the Vector Control District successfully
implemented last year.
A group of managers from the County, cities and special districts (including the
Sanitation District) are meeting to provide input to the Supervisors. This process and
the recommendations that are emerging reinforce what our own Sanitation District ad
hoc committee on urban runoff have been discussing during the last year.
While the exact outcome of these deliberations by the County Board of Supervisors is
yet to be known, one thing is clear: because of the regulatory pressures exerted by the
Regional Water Quality Control and the rising expectation of the public and businesses
to have reliably clean and swimmable beaches, there will be new arrangements in this
County fairly soon.
It is for this reason that the Sanitation District must be ready to respond to the
arrangements as they become clear. The first step is to have a clear way to consider
these changes and then bring them appropriately and efficiently into the organization
H:ldept\agenda\FAHRIFAHR2005\0305105-19 Regional Assets.doc
Revised: 06/04/03
Book Page 81
Page 3
ALTERNATIVES
We could wait and see to what degree these regional changes in sewer maintenance
and urban runoff management impact our programs and then react accordingly.
CEQA FINDINGS
Not applicable at this time. Future capital projects, if initiated by the Sanitation District,
would trigger CEQA requirements at some time in the future.
ATTACHMENTS
N/A
H:\dept\agenda\FAHRIFAHR200510305\05-19 Regional Assets.doc
Revised: 06/04/03 Page4
Book Page 82
ORANGE COUNlY SANITATION DISTRICT
(714) 962-2411
www.ocsd.com
Mailing Address:
P.O. Box 812 7
Fountain Valley, California
92728-8127
Street Address:
10844 Ellis Avenue
Fountain Valley, California
92708-7018
3/9/2005
Ref ~
Revenues:
1 General User Fees
2 Permitted User Fees
3 Property Taxes (5% yr)
4 New COP Issues
5 Interest Revenues (4%)
6 Conneciioo Fees
7 Other Revenues
8 Revenues
Requirements:
9 Oper & Mtce Exp (7.50% yr)
10 Capital Improvement P(cgratl)
11 Repl, Rehab & Refurb
12 COP Service (5.0%, 30 yrs)
13 Other Requirements
14 Requirements
15 Revenues-Requirements
Accumulated Funds:
16 Beginning of Year
17 End of Year
18 Reserve Policy
18a Over (Under) Reserve Policy
:;!~wet g;ervlce U~r Eees;
19 Avg SFR Annual User Fee
20 Percentage Change
20a SFR noticed 4-2003
20b PV of SFR Annual Fee @ 5%
21 Equivalent Dwelling Units
22 SFR Connection Fee
23 Outstand OJ, COP§
Average Dally Flow, mgd
Resarye PoHcy
24 50% Next Year Operating
25 10% Next Year Operating
26 100% NextYeerAUGCOPSe
27 50% average GIP bal to 2020
28 Short term GIP, GWRS
29 DSR @ 10% Outstanding COP
30 SFI @ $57mm INPUT
31 Repl & Refurb @ 2%/yr
32 Total
~
33 Sr Lien Coverge, Min 1.25
34 Additional Bonds, 1.25
Projecled
04~5
101,568,000
5,160,000
28,161,000
21,265,000
11,560,000
39,314,000
207 028000
109,106,000
205,176,000
41,917,000
1,676,000
358,077,000
(151,049.000
617,782,800
466,733,800
369,268188
97,467,613
S115.00
15.00%
$126,00
683,200
$2,690
$621,325,000
250
57,797,00C
11,55.9,00C
48,586,00C
81.191,1Be
62,133,00C
57,000,00C
51 000,00(
369,266.181
2,34
2.34
Preliminary
05-06
117,005,000
5,541,000
29,569,000
200,000,000
17,783,000
11,560,000
30,976,000
412.434.000
115,594,000
272,937,000
48,5B6,000
1.876000
438,993,000
(26,559,000)
468 733,800
440, 174,80_0
403.365,033
38,809,767
$132.00
14.78%
$151.00
$125.71
6B6.400
$2,890
$808,570,000
250
61,284,000
12,257,000
62,441,000
77,506,033
-
80,857,000
57,000,000
52,020,000
403,365,033
1.99
1.99
Preliminary
Q§:QZ
136,109,000
5,982,000
51,746,000
225,000,000
17,499,000
11,560,000
30,076,000
477,972,000
122,566,000
276,992,000
62,441,000
1,876000
465,877.000
12,095,000
440,174,800
452 269,800
443,528,179
8,741,621
S153.00
15.91%
$181.00
$138.76
889,600
$2,690
$1,017,095,000
250
65,463,000
13,093,000
80,124,000
73,078,179
101,710,000
57,000,000
53,000,000
443,528,179
2.09
2,09
Preliminary
07~8
156,240,000
6,412,000
54,333,000
315,000,000
18,636,000
11,560,000
33,776,000
595.957000
130,925,000
337,142,000
80,124,000
1,876,000
550,067,000
45,890,000
452,269,800
498,159.800
494,622,577
3,537,223
ms.co l
14.38%
$217.00
$151.17
892,600
$2,890
$1,311,282,000
252
69,967,000
13,997,000
102,657,000
65,732,577
-
131,128,000
57,000,000
54,121 000
494.622 577
1 67
1 67
H:\depl\fin\210\STREED\Excel\05-06 Budget\2005-06 Preliminary Budget & Cash flow 2-22-05 xis
Preliminary
08~9
180,096,000
6,888,000
57,050,000
380,000,000
20,541,000
11,560,000
30,276.000
666,411,000
139,973,000
390,649,000
102,657,000
1,676000
635, 155,000
51,256,000
498.159,800
549,411;-,eoo
547,932,250
1,483,550
$201.00
14.86%
$165.36
896,000
$2,890
$1,664,606,000
254
75,133,000
15,027,000
124,175,000
54,933,250
166,461,000
57,000,000
55 203,000
547,932.250
1,62
1.62
Preliminary
~
207,715,000
7,402,000
59,903,000
275,000,000
22,263,000
11,560,000
26,776.000
610,619,000
150,266,000
297,742,000
124,175,000
1,876,000
574,059,000
36,560,000
549,415,800
585,975.800
587 282,455
(1,306.8551
$231.00
14.93%
$180.99
899,200
$2,890
$1,905,580,000
257
60,454,000
16,091,000
140,479,000
46,393,455 -
190,558,000
57,000,000
56,307,000
587 .282.455
1.49
1.49
Orange County Sanitation District
Summary Cash Flow Projections
For Discussion Only. Very Preliminary
Preliminary
1Q:ll
240,038,000
7,963,000
62,898,000
225,000,000
23,830,000
11,560,000
24,376,000
595,665000
160,906,000
249,030,000
140,479,000
1,878,000
552,293,000
43,372,000
585,975.800
629.347 ,800
619,056,300
10.291,500
$266.00
15.15%.
$198.49
902,400
$2,690
$2,090,564,000
259
B6,502,000
17,300,000
153,184,000
38,581,300
209,056,000
57,000,000
57,433,000
619,058,300
149
149
Preliminary
11-12
277,114,000
8,562,000
66,043,000
180,000,000
25,891,000
11,560,000
21,976,000
591,146,000
173,003,000
201,343,000 -
153,184,000
1,876.000
529,406,000
61,740,000
629,347,800
691,081800
642,835,389
48.252 411
$306.00
15.04%
$217.47
905,600
$2,890
$2,225,483,000
262
92,759,000
18,552,000
161,712,000
31,682,389
-
222,548,000
57,000,000
58,582.000
6'12.835.389
1,55
1,55
Preliminary
12-13
319,898,000
9,206,000
69,345,000
80,000,000
27,107,000
11,560,000
19,176,000
536,292000
185,517,000
116,329,000
70,596,000
161,712,000
1,876000
536,030,000
262,000
891 ,<JB?,800
691 349,800
872,952125
1B,397 675
$352.00
15.03%
$238.25
908,800
$2,890
$2,255,445,000
264
101,756,000
20,351,000
160,174,000
28,372,125 -
225,545,000
57,000,000
59,754.000
IIT2.952. 125
1.67
1.67
Preliminary
.&M
369,360,000
9,899,000
72,812,000
65,000,000
27,153,000
11,560,000
35,176,000
690,960,000
203,512,000
122,264,000
81,012,000
180,174,000
1,876,000
568838,000
2,122,000
691,349.800
693,471,800
666,829,143
27,64.2,657
$405.00
15.06%
$261.07
912.000
$2,890
$2,252,553,000
266
109,271,000
21,854,000
167,808,000
23,692,143
o
225,255,000
57,000,000
60,949,000
665,829,143
1.79
1.79
Preliminary
J.HQ
411,840,000
10,449,000
76,453,000 -
26,908,000
11,560,000
18,976,000
658, 1B6,000
218,542,000
89,509,000
93,095,000
167,608,000
1,876.000
570,830,000
(14,644,000)
693,471,800
678,827,800
667,607.750
11.220 050
$450.00
11.11%
$276.26
915,200
$2,890
$2,196,184,000
268
117,405,000
23,481,000
167,754,000
20,181,750
o
219,616,000
57,000,000
62,168,000
667,607,760
2.01
2.01
Preliminary
15-16
440,832,000
10,797,000
80,276,000
26,330,000
11,560,000
20,476.000
590.271,000
234,809,000
95,167,000
105,482,000
167,754,000
1,876,000
605,088.000
(14,817,000)
678.827,800
664,010.800
669,447,400
(5.456,6001
$480.00
6.67%
$280,65
918,400
$2,890
$2,137,212,000
270
126,207,000
25,241,000
169,166,000
14,701,400
0
213,721,000
57,000,000
63.411,000
669,447.400
2.12
2.12
Preliminary
16-17
451,584,000
10,909,000
84,290,000
-
26,816,000
11,560,000
27,776,000
632,935,000
252,414,000
30,196,000
119,671,000
169,166,000
1,876,000
573,323.000
39,612,000
664.010.800
703,622,800
673,828.250
29,794,550
$490.00
2.08%
$272.85
921,600
$2,690
$2,070,845,000
272
135,733,000
27,147,000
167,582,000
14,602,250
0
207,085,000
57,000,000
64,679 000
673,828,260
2.13
2.13
Preliminary
17-18
462,400,000
11,020,000
88,505,000
27,175,000
11,560,000
23,476,000
624,136,000
271,466,000
69,813,000
134,714,000
167,582,000
1,876,000
645,451,000
(21,315,000)
703,822,800
682,307,800
674.189.167
6,108,533
$500.00
2.04%
$265_16
924,800
$2,890
$2,005,991,000
274
146,042,000
29,208,000
167,543,000
7,834,167
0
200,599,000
57,000,000
65,973,000
674,199,167
2.10
2.10
Preliminary
&1J!
468,640,000
11,075,000
92,930,000 -
26,709,000
11,560,000
25.276.000
636,190,000
292,063,000
26,724,000
150,433,000
167,543,000
1 876,000
638659,000
(2,469,000)
682.307 ,600
679,838,800
667,636.250
12.202,550
$505.00
1_00%
$255.06
928,000
$2,890
$1,938,149,000
276
157,197,000
31,439,000
155,823,000
5,070,250
o
193,615,000
57,000,000
67,292,000
667,636,250
2.05
2.05
Preliminary
19-20
474,912,000
11,130,000
97,577,000 -
26,398,000
11,560,000
25676,000
647,253.000
314,393,000
20,281,000
168,262,000
155,823,000
1,876,000
660,635,000
(13,382,000)
679,838 800
668,456,800
656,809,000
9,647,800
$510.00
0.99%
$245.32
931,200
$2,890
$1,B67,115,000
276
157,197,000
31,439,000
155,823,000 o
o
166,712,000
57,000,000
68,63!!,000
656,808,000
2.14
2.14
2:58PM
Grand
I2l!!!
4,815,351,000
138,395,000
1,071,891,000
1,945,000,000
382,304,000
184,960,000
433554.000
6,971,455,000
3,075,079,000
2,803,296,000
923,265,000
2,091,125,000
30,016,000
8,922,781,000
48,674,000
617.782.800
666,456,800
$5,271.00
$3,272.59
CORRECTED
MINUTES OF FINANCE, ADMINISTRATION AND
HUMAN RESOURCES COMMITTEE MEETING
Orange County Sanitation District
Wednesday, February 9, 2005, 5:00 p.m.
A meeting of the Finance, Administration and Human Resources Committee of the Orange
County Sanitation District was held on February 9, 2005, 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:
Roy Moore, Chair
Mike Duvall, Vice Chair
Bill Dalton
Rich Freschi
Phil Luebben
Darryl Miller
Joy Neugebauer
Steve Anderson, Board Chair
Jim Ferryman, Vice Board Chair
DIRECTORS ABSENT:
James W. Silva
STAFF PRESENT:
Blake P. Anderson, General Manager
Gary Streed, Director of Finance/Treasurer
Carol Beekman, Director of Communications &
Administrative Services
Lisa Tomko, Director of Human Resources
Mike White, Controller
Penny Kyle, Committee Secretary
OTHERS PRESENT:
Brad Hagin, General Counsel
Bob Geggie
(2) APPOINTMENT OF CHAIR PRO TEM
No appointment was necessary.
(3) PUBLIC COMMENTS
There were no public comments.
(4) REPORT OF THE COMMITTEE CHAIR
Committee Chair Moore welcomed the new Directors to the FAHR Committee.
(5) REPORT OF THE GENERAL MANAGER
Blake Anderson, General Manager, reminded the Directors of the Board Orientation scheduled
for February 16th at 5:00 p.m. This would provide new and returning Directors with a general
overview of the District's operations.
The Directors were also reminded of the Orange County Leadership Symposium scheduled to
be held March 4-5, 2005, in Lake Arrowhead. Directors were encouraged to participate in the
event.
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page2
February 9, 2005
(6) REPORT OF DIRECTOR OF FINANCE/TREASURER
Gary Streed, Director of Finance, referred the Directors to two handouts distributed that evening
pertaining to Agenda Item Nos. 10(b) and (c). Mr. Streed announced the Governmental
Finance Officers Association granted the District its Distinguished Budget Presentation Award
for the 2004/05 Budget. The District has received this award for the past eight years.
(7) REPORT OF DIRECTOR OF HUMAN RESOURCES
The Director of Human Resources had no report.
(8) REPORT OF OIRECTOR OF COMMUNICATIONS & ADMINISTRATIVE SERVICES
Carol Beekman, Director of Communications & Administrative Services, updated the Directors on the
activities and accomplishments for the past quarter on the Communications and Administrative
Services Strategic Plan for FY 2004/05 (Agenda Item No. 12(a)). The next update will be provided in
April 2005.
(9) REPORT OF GENERAL COUNSEL
Brad Hogin, Assistant General Counsel, reported that in the interest of time staff would be submitting
a request directly to the Board of Directors to consider entering into additional lease agreements in
connection with property purchased for the Rocky Point Pump Station in Newport Beach.
(10) CONSENT CALENDAR ITEMS
a. Approve minutes of the December 8, 2004, Finance, Administration and Human
Resources Committee meeting, as corrected.
Director Freschi abstained.
b. FAHR05-01 Recommend to the Board of Directors to receive and file Treasurer's
Report for the month of January 2005.
c. FAHR05-02 Receive and file Certificates of Participation (COP) Monthly Report.
d. FAHR05-03 Receive and file Employment Status Report as of January 20, 2005.
e. FAHR05-04 Receive and file OSHA Incidence Rates and Workers' Compensation
Claims and Costs Report.
f. FAHR05-05 Receive and file SWAP Report for quarter ending December 31, 2004.
g. FAHR05-06 Recommend to the Board of Directors to receive and file Quarterly
Investment Management Program Report for the period October 1, 2004
through December 31, 2004.
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page 3
February 9, 2005
h. FAHR05-07 Recommend to the Board of Directors to receive and file the Mid-Year
MOTION:
Financial Report for the period ending December 31, 2004.
It was moved, seconded and duly carried to approve the recommended
actions for items specified as 10(a) through (h) under Consent Calendar.
END OF CONSENT CALENDAR
(11) ACTION ITEMS
a. FAHR05-08 Recommend to the Board of Directors to approve the 2005/06 Budget
MOTION:
Assumptions, Fiscal Policy Statements, and Budget Calendar.
Mike White, Controller, reviewed the FY 2005/06 Budget Assumptions for
economic assumptions, revenue assumptions, operating assumptions,
reserve assumptions, capital improvement program assumptions and
debt financing assumptions. He also outlined the important dates leading
to adoption of the FY 2005-06 budget at the June 22, 2005 Board
meeting.
In response to the Directors' questions on the budgeting process, Blake
Anderson, General Manager, advised staff would provide as much detail
the Committee felt was appropriate during the review of the budget before
adoption. Staff is also available to discuss the budget process in more
detail with the Directors individually.
It was moved, seconded and duly carried to recommend approval to the
Board of Directors.
b. FAHR05-09 Authorize the General Manager to renew the consultant agreement with
MOTION:
Public Resources Advisory Group as the District's Financial Advisor for
an additional two-year period beginning with fiscal year 2004-05.
Mike White, Controller, gave a brief overview on services provided since
2001 by Public Resources Advisory Group. They are willing to provide
assistance for a new debt issuance at no increase in price of $75,000 for
fixed rate debt issuance and $100,000 for variable rate debt issuance.
It was moved, seconded and duly carried to recommend approval to the
Board of Directors.
c. FAHR05-10 Consideration of pending 2005 Legislative Proposals:
1. Assembly Constitution Amendment No. 1
2. Assembly Constitution Amendment No. 7
3. Senate Bill No._ (no number assigned at this time)
4. California Deficit Prevention Act
Brad Hagin, Assistant General Counsel, reported this item was coming
Minutes of the Finance, Administration and Human Resources Committee Meeting
Page4
February 9, 2005
MOTION:
before the Committee and the Board of Directors to consider taking a
position of support or opposition to each measure. The Board's positions
would then be transmitted to CASA.
The first measure discussed Public Employee Pension Plans (Assembly
Constitutional Amendment No. 1 ). This proposal would provide that after
July 1, 2007, new employees would have to enroll only in a defined
contribution plan of a public pension or retirement system. Directors felt a
decision on this issue was premature until more information is provided.
The second measure discussed was Assembly Constitutional
Amendment No. 7. This amendment would change the present two-thirds
voter approval requirement for special taxes to instead authorize a special
district to impose a special tax with the approval of 55% of its voters
voting on the tax. Special districts have no authority or power to adopt
general taxes, but only special taxes, which mean that revenues received
must be used for specified purposes within the limited powers of a special
district. The Sanitation District has never adopted a special tax.
After much discussion, the Directors agreed that this amendment, along
with the others included in the report, should be first reviewed and
considered by the District's legislative committee and lobbyists before the
Board takes a position.
It was moved, seconded and duly carried to have the District's legislative
committee review this item and provide the Steering Committee with their
recommendation.
(12) INFORMATION PRESENTATIONS
a. FAHR05-11 Communications and Administrative Services Strategic Plan
FY 2004-05/Quarterly Update
This report was provided under the Director of Communications and
Administrative Services Report (Item 8).
(13) CLOSED SESSION
There was no closed session.
(14) OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF
ANY
Upon request for a future report regarding the undercharges for parcels not being noted in the
database used for collection of user charges, Gary Streed reported that the review being done in-
house has been successful. Temporary staff has been successfully utilized for this project. Out of
over 46,000 non-residential parcels, 60% have been inspected resulting in 311 changes. Out of
those parcels the District will receive an additional $835,000 in user fees.
WHEREAS, the foregoing findings indicate that a FOG Control Program is required for
Food Service Establishments within the District's jurisdiction to comply with waste discharge
regulations and prevent the harmful effects of SSOs; and
WHEREAS, on November 17, 2004, the Board of Directors adopted Ordinance No.
OCSD-25 adopting FOG control regulations applicable to Food Service Establishments; and
WHEREAS, Ordinance No. OCSD-25 requires Food Service Establishments subject to
the regulations to obtain a FOG Wastewater Discharge Permit, and to pay an application fee in
the amount set by resolution of the Board; and
WHEREAS, Food Service Establishments who are found to be in noncompliance with
the terms and conditions of their FOG Wastewater Discharge Permit, Ordinance No. OCSD-25
or other relevant regulations are required to pay a general noncompliance fee, which includes the
District's costs of additional monitoring activities and administrative processing incurred
resulting from the noncompliance.
NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District
DOES HEREBY RESOLVE, DETERMINE, AND ORDER:
Section 1: Annual Permit Fee. The fee for each FOG Wastewater Discharge Permit
issued pursuant to Ordinance No. OCSD-25 or its successors, is $100 per year. For example, a
permit for a two-year term is subject to a $200 fee.
Section 2: General Noncompliance Fee. The general noncompliance fee is $100.00
per day event for the District follow-up activities due to permit, ordinance or regulatory
noncompliance.
PASSED AND ADOPTED at a regular meeting held ____ , 2005.
Chair
ATTEST:
Board Secretary
WS&S -OXS:pj: 197983:02/07 /05 2
FAHR COMMITTEE
AGENDA REPORT
Orange County Sanitation District
FROM: Gary Streed, Director of Finance/Treasurer
Originator: Michael White, Controller
Meeting Date
3/09/05
Item Number
FAHR05-12
SUBJECT: TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2005
GENERAL MANAGER'S RECOMMENDATION
Receive and file Treasurer's Report for the month of February 2005.
SUMMARY
To Bd. of Dir.
3/23/05
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 Long-Term Operating Monies, there is one investment policy compliance
exception. It pertains to the holding of one security within 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
rating exception pertains to the holding of a United Airlines (UAL) Asset Backed
Security with a par value of $1.6 million, representing 0.44 percent of the portfolio
holdings, whose rating from Moody's has fallen several times, from A3 to BA 1, then to
BA3, 83, B, and finally to CA. Likewise, the rating from Standard & Poor's has also
fallen several times, first from A-to BBB, then to BB, then to B+, 8-, and finally to
CCC+. Both rating agencies have since withdrawn their ratings, Moody's in February
2004 and Standard & Poor's in June 2004. Although these ratings are less than what is
required 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 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 this security very closely.
H:ldepllfin\220\geggie\FAHRITREASRPT030905.doc
Page 1
Historica·1 cost and current market values are shown as estimated oy both PIMCO and
Mellon Trust. Tne· District1s portfolios are priced to market C'mark-to-market") as of the
last day 0f each report.ing period. The slight differences in value are r.elated to minor
variations in pricing assumptions by the valuation sources at the estimate date.
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. 1ZJ 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 and market values are shown for individual
holdings, as well as for each portfolio. Mellon Trust, the District's custodian bank, is the
source for these reports. Transactions that were pending settlement at month end may
not be reflected. Also• provided is a summary of monthly investment balances and
transactions withir:1 the State of California Local Agency Investment Fund (LAIF).
These reports accurately reflect all District investments and are in compliance with the
District's Investment Policy and previous requirements of California Government Code
Section 53646.
Government Code Section 53646 mandated that annual investment policies and
quarterly reports be rendered to the legislative body. AB2853, which was signed on
September 29, 2004, amends Government Code Section 53646 to remove the
requirements; the rendering of these documents is optional.
Although the Annual Investment Policy and Monthly and/or Quarterly Reports are no
longer required, we believe it prudent to continue providing the legislative bodies with
these documents. In addition, Government Code Section 53607 has not been repealed
that requires an annual delegation of investment authority to the Treasurer and the
submission of reports that include investment transactions by month.
Sufficient liquidity and anticipated revenues are available to meet budgeted
expenditures for the next six months.
The table on the following page 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.
H:ldepllfinl220\geggie\FAHRITREASRPT030905.doc
Page2
Book Balances Estimated
Investment Accounts February 28, 2005 Yield(%)
State of Calif. LAIF $5,115,638 2.37
Union Bank Checking Account 1,444,133 2.19(1)
PIMCO -Short-term Portfolio 73,098,332 2.74
PIMCO -Long-term Portfolio 365,216,071 3.71
Petty Cash 4000 N/A
TOTAL $444 8Z8 :IZ4 3.54
Debt Service Reserves w/Trustees $62 696 Z2:I 3.59
(1) This is the annualized yield for the month of January. The February annualized rate was
not available as of the date of this report.
ALTERNATIVES
N/A
CEQA FINDINGS
N/A
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 Asset Summary by Asset Type with Sectors -Liquid Operating Monies
7. Mellon Trust Asset Summary by Asset Type with Sectors -L-T Operating Monies
8. Mellon Trust Yield Analysis Report
9. Mellon Trust Asset Detail -Consolidated
10. Mellon Trust Transaction Detail -Consolidated
MW:bg
H:ldepl\fin\220\geggie\FAHR\TREASRPT030905.doc
Page 3
Orange County Sanitation District
Investment Transactions and Balances in the
State of California Local Agency Investment Fund
February 28, 2005
Par Value Book Value Market Value Rate Yield
Balance
February 1, 2005 $21,215,638 $21,215,638 $21,215,638 2.37 2.37
Deposits:
Total Deposits 0 0 0 2.37 2.37
Withdrawals:
2/2/2005 (2,900,000) (2,900,000) (2,900,000) 2.37 2.37
2/10/2005 (4,400,000) (4,400,000) (4,400,000) 2.37 2.37
2/15/2005 (2,200,000) (2,200,000) (2,200,000) 2.37 2.37
2/16/2005 (2,300,000) (2,300,000) (2,300,000) 2.37 2.37
2/23/2005 (4,300,000) (4,300,000) (4,300,000} 2.37 2.37
Total Withdrawels (16,100,000) (16,100,000) (16,100,000) 2.37 2.37
Balance
February 28, 2005 $5,115,638 $5,115,638 $5,115,638 2.37 2.37
PIM C 0
March 8, 2005
Mr. Mike White, CPA
Controller
Orange County Sanitation District
10844 Ellis A venue
Fountain Valley, CA 92708-7018
Dear Mike:
The following is a description of events in the bond markets during the month of February 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.
Bond Market Recap:
The Federal Reserve raised the Fed Funds rate to 2.5 percent and restated its plan to tighten at a
measured pace. The 25 basis points increase represents the sixth rate hike since June 2004. U.S.
Treasury yields rose in February on signs of accelerating economic growth and higher inflation.
The yield on the benchmark 10-year Treasury note finished the month at 4.38 percent, 25 basis
points higher than the prior month; as Treasuries returned -0.82 percent. TIPS outperformed their
nominal counterparts, with the Lehman Brothers U.S. TIPS Index returning -0.43 percent for the
month. Mortgage-backed securities returned -0.46 percent, or 13 basis points less than Treasuries
after adjusting for duration. The credit sector, represented by the Lehman Credit Index, returned
-0.59 percent, outperforming Treasuries for the month by 28 basis points.
February began with a weak employment report, indicating that the economy created only 146,000
new jobs in January, lower than the consensus estimate of 200,000. However, the unemployment
rate edged lower at 5.2 percent due to a lower labor participation rate. On the inflation front, the
Consumer Price Index rose 0.1 % in January and was held back by the second straight monthly
decline in energy prices. Excluding food and energy items, core inflation rose 0.2 percent and has
increased 2.3 percent over the last year. Lastly, the Bureau of Economic Analysis revised fourth
quarter GDP growth up to 3.8 percent from 3.1 percent. Exports were revised sharply higher, and
there were notable upward revisions to business investment.
Mr. Mike White, CPA
Orange County Sanitation District
Treasury yield changes during the month of February are summarized as follows:
• 3-month bills: +29 basis points to 2.75%
• 6-month bills: +25 basis points to 2.97%
• 2-year notes: +32 basis points to 3.60%
• 5-year notes: + 32 basis points to 4.01 %
• IO-year notes: +25 basis points to 4.38%
• 30-year notes: + 13 basis points to 4. 72%
Performance Attrib11tio11:
Long-Term Portfolio
March 8, 2005
Page2
The Long-Term portfolio that PIMCO manages on behalf of Orange County Sanitation District
returned -0.25% on a total return basis for the month of February, outperforming the Merrill Lynch
1-5 year Government Corporate Index by 14 basis points. The following points summarize returns
for the month ended February 28:
• The Long-Term portfolio outperformed the benchmark by 14 basis points for the month.
• For the twelve-month period, the Long-Term portfolio returned 0.96%, outperforming
the benchmark by 74 basis points.
• Portfolio duration, below the index, was positive for monthly performance as interest
rates increased across the yield curve.
• Yield curve positioning similar to that of the index was neutral for performance.
• An underweight exposure to corporates was negative for performance, as corporates
outperformed Treasuries on a duration-adjusted basis.
• Exposure to mortgage-backed securities was neutral for relative performance; the sector
underperformed Treasuries on a duration-adjusted basis, but positive security selection
mitigated this impact.
• Substituting Treasury Inflation Protected Securities for nominal Treasuries was positive
for performance as TIPS outperformed their nominal counterparts during the month.
Liquid Portfolio
The Liquid portfolio that PIMCO manages on behalf of Orange County Sanitation District
generated a total return of 0.19% during the month of February, performing in line with the 3-
month Treasury Bill Index. The following points summarize returns for the period ending
February 28:
• The Liquid portfolio performed in line with the benchmark for the month.
• For the twelve-month period, the Liquid portfolio returned 1.53%, outperforming the
benchmark by 8 basis points.
• Use of higher yielding securities such as commercial paper and short-term notes
contributed to performance.
Mr. Mike White, CPA March 8, 2005
Page3 Orange County Sanitation District
Outlook and Strategy:
Global growth will slow over the next year as the U.S. recovery cools and Europe and Japan prove
unable to pick up the slack. Higher unit labor costs and a weaker dollar will create some
inflationary pressure, but lingering overcapacity worldwide will limit this effect over a cyclical
time frame. The yield on the benchmark 10-year Treasury will range between 4 and 4.5 percent,
with the main risk to this forecast being a breakout of 25 basis points on the high side. Important
aspects of our outlook are:
•
•
•
•
Headwinds to U.S. Growth -Slack in the U.S. economy is closing but growth will be constrained
by: 1) removal of accommodative monetary and fiscal policy, as the Federal Reserve tightens and
fiscal stimulus fades; 2) a moderating housing cycle; 3) relatively modest corporate investment; and
4) a lack of pent-up consumer demand combined with a heavy consumer debt burden.
Vendor Financing for U.S. Consumption -With its low savings rate, the U.S. must rely on
foreign lenders, mainly Asian central banks, to finance its prodigious consumption and the trade
deficit that accompanies it. PIMCO is skeptical that China and Japan will continue to provide this
"vendor financing" on agreeable terms over the long run. In the short run, however, the game will
go on, since it keeps interest rates low for U.S. borrowers and mitigates appreciation of the Chinese
and Japanese currencies vs. the dollar, which would hurt export-led growth in those countries.
Europe and Japan to Lag -Europe will not add much to global growth. The European Central
Bank has been reluctant to cut rates to stimulate domestic demand; exports are vulnerable to a
strong euro; and business and consumer confidence remain weak. Japan's contribution to growth
will also lag that of the U.S. Japan's export-led recovery will be constrained as China moves to cool
down its economy to curtail inflation.
Emerging Markets Add Stability -After painful currency and financial crises in the late 1990s,
many EM economies opted for reform and restructuring. The results have been impressive: an
increasing share of global GDP, accumulation of record currency reserves and growing trade
surpluses.
The global economy looks stable, with prospects for modest growth, low volatility in financial
markets and range-bound interest rates. PIMCO remains concerned, however, about a tilt in the
direction of either deflation or inflation. The uncertain pace of investment and hiring could tilt the
balance of risks toward deflation. On the other hand, monetary policy remains simulative despite
the beginning of Fed tightening. Easy money combined with higher commodity prices and dollar
weakness could swing the economy back in the other direction. A prudent approach in this
environment is to stay defensive and well diversified to avoid negative consequences of being on
the wrong side of any market dislocation. Key strategies will include:
• Tactically Flexible Interest Rate Strategies -Rates are more likely to rise than fall over a secular,
or three to five year time frame. We will therefore be wary of extending duration beyond
benchmark levels. At the low end of our forecasted interest rate range, we will target duration
about 0.5 year below the index and then shift toward a neutral posture as rates move back up.
• Structural Yield Curve Exposure -While short/intermediate maturities are close to full valuation,
we will retain a modest structural emphasis here. Because the short/intermediate portion of the
yield curve remains relatively steep, this "bulleted" posture can provide extra yield with less price
Mr. Mike White, CPA
Orange County Sanitation District
March 8, 2005
Page4
risk than a "barbell," or mix of short and long term bonds. In addition, longer maturities would be
more vulnerable if the economy tilted toward inflation.
• Retain Current Exposure to Core U.S. Sectors but Do Not Increase Allocations -Tight
corporate yield premiums offer too little reward to bear the risk of negative credit events if the
economy were to slow. While mortgage-backed bonds offer structural yield advantage and high
credit quality, they are fully valued for now as a result of unusually heavy demand from banks,
which are taking advantage of mortgages' attractive "carry" in a steep yield curve environment.
• TIPS as an Out-of-Index Alternative -Better risk/reward trade-offs can be found outside of core
sectors. At current break-even inflation levels, real return bonds continue to provide an effective
hedge against secular inflation risk. They are also less volatile than nominal bonds in a rising rate
environment.
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 February 28, 2005
Total Return Account -203
With Accrued Interest
Market Value
Book Value
Yield to Maturity
Short Term Account -603
367,087,014
367,059,399
3.71
With Accrued Interest
Market Value
Book Value
Yield to Maturity
73,370,413
73,390,848
2.74
Without Accrued Interest
365,283,802
365,256,187
3.73
Without Accrued Interest
73,175,423
73,195,858
2.74
MONTHLY REPORT
ORANGE COUNTY SANITATION DISTRICT
INVESTMENT MANAGEMENT PROGRAM
PIMCO'S PERFORMANCE MONITORING & REPORTING
(for the month ended 28 February 2005)
Liquid Operating Monies (603)
15.1.1 PORTFOLIO COST AND MARKET VALUE Current Market Value Estimate:
• PIMCO • Mellon
Historical Cost:
• PIMCO
• Mellon
15.1.2 MODIFIED DURATION Of Portfolio:
Of Index:
15.1.3 l¾INTERESTRATECHANGE Dollar Impact (gain/loss) of 1% Chami:e:
15.1.4 REVERSE REPOS % of Portfolio in Reverse Repos:
( see attached schedule)
15.1.5 PORTFOLIO MATURITY % of Portfolio Maturing within 90 davs:
15.1.6 PORTFOLIO QUALITY Average Portfolio Credit Qualitv:
15.1.7 SECURITIES BELOW "A" RATING % of Portfolio Below "A":
15.1.8 INVESTMENT POLICY COMPLIANCE "In Comnliance"
15.1.9 PORTFOLIO PERFORMANCE Total Rate of Return(%) by
Period:
1 Month:
3 Months:
12 Months:
Fiscal Year-to-Date:
Commentary
• The Liquid portfolio outperformed the benchmark by J basis point for the month, and by 6 basis points fiscal year-to-date.
• PIMCO's emphasis on higher yielding securities such as commercial paper and short-term notes contributed to performance.
H:ldeptlfm\220\geggle\FAHRILIQ0800-0S-02.RPT.doc
Page 1 of 1
$73,370,413
$73 ,375,096
$73,390,848
$73,451,594
0.11
0.20
$80,707
0%
89%
''AAA''
0%
Yes
Portfolio Index
0.19 0.18
0.57 0.52
1.53 1.45
1.18 1.12
MONTHLY REPORT
ORANGE COUNTY SANITATION DISTRICT
INVESTMENT MANAGEMENT PROGRAM
PIMCO'S PERFORMANCE MONITORING & REPORTING
(for the month ended 28 February 2005)
Long-Term Operating Monies (203)
15.1.1 PORTFOLIO COST AND MARKET VALUE Current Market Value Estimate:
• PIMCO • Mellon
Historical Cost:
• PIMCO
• Mellon
15.1.2 MODIFIED DURATION Of Portfolio:
Oflndex:
15.1.3 1%INTERESTRATECHANGE Dollar Imoact (gain/loss) of 1 % Change:
15.1.4 REVERSE REPOS % of Portfolio in Reverse Repos:
( see attached schedule)
15.1.5 PORTFOLIO MATURITY % of Portfolio Maturing within 90 days:
15.1.6 PORTFOLIO QUALITY Average Portfolio Credit Quality:
15.1.7 SECURITIES BELOW "A" RATING % of Portfolio Below "A":
15.1.8 INVESTMENT POLICY COMPLIANCE "In Comnliance"
15.1.9 PORTFOLIO PERFORMANCE Total Rate of Return(%) by
Period:
1 Month:
3 Months:
12 Months:
Fiscal Year-to-Date:
• The Long-Term portfolio outperformed the benchmark by 14 basis points for the month, and outperformed the benchmark by 23 basis points fiscal year-to-date.
Portfolio duration, below the index, was positive for monthly performance as interest rates increased across the yield curve.
• Yield curve positioning similar to that of the index was neutral for performance.
• An underweight exposure to co'l'orates was negative for performance, as co'l'orates outperformed Treasuries on a duration-adjusted basis.
Page 1 of 2
$367,087,014
$367,064,873
$367,059,399
$369,198,464
1.94
2.45
$7,121,488
0%
5%
AAA
0%
No*
Portfolio Index
-0.25 -0.39
0.08 -0.05
0.96 0.22
l.64 l.41
• Exposure to mortgage-backed securities was neutral for relative performance as the sector unde'l'erformed Treasuries on a duration-adjusted basis, but positive security selection mitigated this impact.
• Substituting Treasury Inflation Protected Securities for nominal Treasuries was positive for performance as TIPS ou.tperformcd their nominal counte'l'arts during the month.
*Compliance Issues:
MONTHLY REPORT
ORANGE COUNTY SANITATION DISTRICT
INVESTMENT MANAGEMENT PROGRAM
PIMCO'S PERFORMANCE MONITORING & REPORTING
(for the month ended 28 February 2005)
Page2 o/2
$1,600,000 par of United Airlines (UAL) Pass-Through 2001-1-C (Enhanced Equipment Trust Certificate (EETC) -9093 l 7BC2), 6.831 % coupon.
3/01/2010 maturity, representing 0.44% of the portfoJjo holdings on a par basis was purchased on 8/10/2001; and subsequently downgraded by Moody's
from A3 to BAl (on 9/18/2001) and S&P from A-to BBB (on 9/20/2001). The security was further downgraded by Moody's from BAI to BA3 (on
ll/21/2001) and by S&P from BBB to BB ( on 6/28/02 ). Following news of the possible bankruptcy filing, the security was further downgraded in August
(83 Moody's, B+ by S&P). On November 29, 2002, S&J> further downgraded this issue to B, and shortly thereafter on December 9, 2002, downgraded the
issue one notch further to B-. On August 7, 2003, S&P downgraded the issue to CCC+, while Moo-dy's followed suit on August 28, 2003 with a downgrade
to CA. Both rating agencies have since withdrawn tbe.ir ratings (Moody's withdrew in February 2004 and S & P withdrew in June 2004). The District's
investment policy requires a minimum rating of A3 by Moody's or A-by S&P, w.ith at least a BBB rating in the event of a split.
On February 25, UAL reported an operating loss of $151 million for the month of January. The airline also said its debtor-in-possession lenders are not requiring it
to meet a specific covenant for January. It received an extension of the maturity date of its DIP loan from June 30 through Sept. 30, a reduction in the interest rates
UAL must pay under the loan, and a potential reduction in the minimum cash balance requirement from $750 million to $600 million if UAL meets certain financial
goals. "While we made progress in our restructuring during the month by getting in place a portion of the long-term cost savings we need, we still have work to do,
including further lowering our costs, concluding our labor negotiations, and the difficult but necessary work ofresolving our pension issues," said Jake Brace, chief
financial officer, in a statement. UAL said it needs to cut union and nonunion labor costs by $725 million a year beyond the $2.56 billion in concessions it won from
unions earlier in the bankruptcy process.
PIMCO continues to negotiate w.ith United on our holdings and currently leads an ad hoc committee. This has been an extremely complicated effort due to the
complex nature of United's bankruptcy. These negotiations have required PIMCO's analysts access to non-public infonnation and therefore sharing them results in
parties becoming restricted. In light of this extremely complicated bankruptcy, PIM CO continues to strive to act in the most prudent manner to obtain maximum
recovery.
Split Rated Securities Still In Cony,J.iaoce:
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 ofa split rating.
• $1,000,000 par ofFord Motor Credit securities ( cusip 345397GV9 maturing 5/15/05), representing 0.27% of the portfolio holdings on a par basis ( exposure was
reduced in July 2004 as $2.5 million par matured). The securities were downgraded on 10/16/2001 by S&P from A to BBB+, then to BBB on 10/25/02, and then to
BBB-on l 1/13/03. Moody's downgraded the securities on 1/16/02 from A2 to A3.
• $ l, 750,000 par of Virginia Electric Power NT securities ( cusip 927804EN0), maturing on March 31, 2006, represents 0.48% of the portfolio holdings on a par
basis. The security was downgraded on 10/21/2002 by S&P from A-to BBB+, but continues to carry a Moody's rating of A3.
H:\deptlfin\220\geggie\F AHR\L-T0B00-05-02.RPT.doc
@ Mellon
LIQUID OPER-PIMCO -OCSF0751 l 102
Description
CASH & CASH EQUIVALENTS
U.S. DOLLAR
PENDING TRADES
INTEREST
CERTIFICATES OF DEPOSIT -DOMESTIC
FED HM LOAN BNK -LESS THAN 1 YR
FEDERAL HOME LOAN MORTGAGE -LESS THAN 1 YR
FNMA ISSUES -LESS THAN 1 YR
MUTUAL FUNDS
OTHER U.S. GOVT OBLIGATIONS
REPURCHASE AGREEMENTS
TREASURY BILLS -LESS THAN 1 YR
U.S. DOLLAR
CASH & CASH EQUIVALENTS
FIXED INCOME SECURITIES
U.S. DOLLAR
BANKING & FINANCE
TOTAL ASSETS -BASE:
3/8/2005 9:09:12AM PST
Asset Summary
by Asset Type with Sectors
2/28/2005
Shares Par
4,300,000.000
8,000,000.000
12,087,000.000
14,500,000.000
1,505,230.090
2,000,000.000
13,000,000.000
12,300,000.000
67,692,230.090
67,692,230.090
7,300,000.000
74,992,230.090
1
Cost
Base
-1,575,767.57
276,764.03
4,300,000.00
7,959,136.33
12,005,027.85
14,405,510.84
1,505,230.09
1,986,748.89
13,000,000.00
12,167,397.09
66,030,047.55
66,030,047.55
7,421,546.50
73,451,594.05
Report ID: GL825 l
Base Currency: USD
Alternate Base Currency:
Market Value
Base
-1,575,767.57
276,764.03
4,300,000.00
7,959,136.33
12,005,027.85
14,405,510.84
1,505,230.09
1,986,748.89
13,000,000.00
12,181,752.09
66,044,402.55
66,044,402.55
7,330,693.00
73,375,095.55
Exchange Rate:
Status: FINAL_
%of
Total
-2.15%
0.38%
5.86%
10.85%
16.36%
19.63%
2.05%
2.71%
17.72%
16.60%
90.01%
90.01%
9.99%
100.00%
Net Unrealized
Gain/Loss
Base
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0 .00
14,355.00
14,355.00
14,355.00
-90,853.50
-76,498.50
Workbench
@ Asset Summary Report ID: GL825 l
Base Currency: USD Mellon by Asset Type with Sectors Alternate Base Currency:
Exchange Rate:
LONG TERM OPER-PIMCO -OCSF07522202 2,2s,2oos Status: FINAL
Net UJU"ealiz.ed
Cost ., Market Value %of Gain/Loss
Description ...
' 1,r, Shares Par Base · Base Total Base ~
CASH & CASH EQUIVALENTS
U.S. DOLLAR
PENDING TRADES -4,053,014.67 -4,053,014.67 -1.10% 0.00
INTEREST 1,848,801.89 1,848,801.89 0.50% 0.00
CERTIFICATES OF DEPOSIT -DOMESTIC 10,000,000.000 9,995,500.00 9,995,500.00 2.72% 0.00
MUTUAL FUNDS 1,870,831.230 1,870,831.23 1,870,831.23 0 .51% 0.00
TREASURY BILLS -LESS THAN 1 YR 1,200,000.000 1,184,617.83 1,184,617.83 0.32% 0.00
U.S. DOLLAR 13,070,831.230 10,846,736.28 10,846,736.28 2.95% 0.00
CASH & CASH EQUIVALENTS 13,070,831.230 10,846,736.28 10,846,736.28 2.95% o.oo
FIXED INCOME SECURITIES
U.S. DOLLAR
ABS -AIRPLANE RECEIVABLES 1,600,000.000 1,600,000.00 136,528.00 0.04% -1,463,472.00
ABS -HOME EQUITY 572,962.330 572,962.33 573,329.03 0.16% 366.70
BANKING & FINANCE 19,500,000.000 19,431,817.50 19,466,860.00 5.30% 35,042.50
COLLATERALIZED MORTGAGE OBLIGATION COMM/< 1,782,321.970 1,782,321.97 1,882,310.23 0.51% 99,988.26
FHLMC MULTICLASS 785,482.190 786,318.98 781,955.37 0.21% -4,363.61
FHLMC POOLS 53,694.570 52,385.76 55,529.85 0.02% 3,144.09
FNMA POOLS 51,368,434.520 52,191,640.42 51,797,813.00 14.11% -393,827.42
GNMA MULTI FAMILY POOLS 3,384,405.220 3,373,218.04 3,388,608.65 0.92% 15,390.61
GNMA SINGLE FAMILY POOLS 550,070.580 576,726.15 578,277.73 0.16% 1,551.58
INFLATION INDEXED SECURITIES 35,438,920.000 35,455,769.00 38,226,806.18 10.41% 2,771,037.18
INSURANCE 1,600,000.000 1,594,032.00 1,612,496.00 0.44% 18,464.00
PVT PLACEMENTS -MORE THN 1 YR 752,000.000 826,199.84 826,199.84 0.23% 0.00
U.S. AGENCIES 24,854,955.810 24,929,162.72 25,097,149.08 6.84% 167,986.36
U.S. GOVERNMENTS 211,085,923.500 213,435,333.03 210,007,645.94 57.21% -3,427,687.09
UTILITY -ELECTRIC 1,750,000.000 1,743,840.00 1,786,627.50 0.49% 42,787.50
U.S. DOLLAR 355,079,170.690 358,351,727.74 356,218,136.40 97.05% -2,133,591.34
FIXED INCOME SECURITIES 355,079,170.690 358,351,727.74 356,218,136.40 97.05% -2,133,591.34
TOT AL ASSETS -BASE: 368,150,001.920 369,198,464.02 367,064,872.68 100.00% -2,133,591.34
3/8/2005 9:ll:47AM PST 1 Workbench
YLDANAL YIELD ANALYSIS PAGE 1
OCSF07511102 2005/02/28 RUN DATE 03/04/05
DISTRICT: LIQUID OPERATING RUN TIME 09.43.20
= ---= =
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
1,600,000.00 BANK OF AMERICAN NA INSTL C/D .000 2.260 100.000 1,600,000.00 2.49
06050GGS3 2.260% 03/09/2005 DD 11/16/04 1,600,000.00 2.14
2,000,000.00 FEDERAL HOME LN BK CONS DISC .000 .ooo P-1 99.809 1,996,173.33 3.11
313385CQ7 MAT 03/04/2005 A-1+ 1,996,173.33 2,67
3,000,000.00 FEDERAL HOME LN BK CONS DISC .000 .000 P-1 99.414 2,982,406.67 4.65
313385CV6 MAT 03/09/2005 A-1+ 2,982,406.67 3.99
3,000,000.00 FEDERAL HOME LN BK CONS SYSTEM .000 .ooo P-1 99.352 2,980,556.33 4.65
313385EW2 MAT 04/27/2005 A-1+ 2,980,556.33 3.99
6,000,000.00 FEDERAL HOME LN MTG CORP DISC .000 .ooo P-1 99,402 5,964,142.50 9,30
313397DB4 MAT 03/15/2005 A-1+ 5,964,142.50 7.99
2,500,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .000 P-1 99.120 2,478,000.00 3.86
313397DY4 MAT 04/05/2005 A-1+ 2,478,000.00 3.32
2,000,000.00 FEDERAL HOME LN MTG CORP DISC .000 .ooo P-1 99,356 1,987,117.78 3.10
313397FK2 MAT 05/10/2005 A-1+ 1,987,117.78 2.66
2,000,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99.337 1,986,748.89 3.10
313397FS5 MAT 02/17/2005 A-1+ 1,986,748.89 2,66
1,587,000.00 FEDERAL HOME LN MTG CORP DISC .ooo .ooo P-1 99,292 1,575,767.57 2.45
313397GGO MAT 05/31/2005 A-1+ 1,575,767.57 2.11
10,100,000.00 FEDERAL NATL MTG ASSN DISC NTS .ooo .ooo P-1 99.350 10,630,444.17 16,59
313589EW9 MAT 004/27/2005 A-1+ 10,630,444.17 14.24
3,800,000.00 FEDERAL NATL MTG ASSN DISCOUNT .000 .000 P-1 99.344 3,775,066.67 5 .89
313589FL2 MAT 05/11/2005 A-1+ 3,775,066.67 5 .06
1,400,000.00 HSBC BANK USA INSTL C/D .ooo 2,335 100.000 1,400,000.00 2,18
40428AGZ4 2,335% 03/23/2005 DD 11/23/04 1,400,000.00 1.87
9,000,000.00 US TREASURY BILL .000 .ooo P-1 98.959 8,906,337.09 13.90
912795SL6 DUE 04/28/2005 DD 10/28/04 A-1+ 8,906,337,09 11.93
1,300,000.00 WELLS FARGO BANK NA INSTL C/D .000 2.520 100.000 1,300,000.00 2.02
9497P1U80 2.520% 03/18/2005 DD 02/18/05 1,300,000.00 1.74
• YLDANAL YIELD ANALYSIS PAGE 2
OCSF07511102 2005/02/28 RUN DATE 03/04/05
DISTRICT: LIQUID OPERATING RUN TIME 09.43.20 -----
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -------------------------------------------------------------------------------------------------------
13,000,000.00 LEHMAN CAT 2 REPO .ooo 2.550 100.000 13,000,000.00 20,29
99432C236 02,550% 03/01/2005 DD 02/28/05 13,000,000.00 17,41
1,505,230.09 DREYFUS TREASURY CASH MGMT .ooo 2,223 AAA 100.000 1,505,230.09 2,34
996085247 AAA 1,505,230.09 2.02
.oo BSDT-LATE MONEY DEPOSIT ACCT .000 .000 .ooo .oo .oo
996087094 .oo .oo
----------------~-------------------------
TOTAL CASH & CASH EQUIVALENTS .000 .385 64,067,991.09 100.00
64,067,991.09 85.80
FIXED INCOME SECURITIES
3,000,000.00 ASSOCIATES CORP NORTH AMER SR .000 6.562 AAl 100.953 3,112,350.00 28.55
046003FF1 6.625% 06/15/2005 DD 06/09/95 AA-3,028,590.00 4,06
1,500,000.00 BANK AMER NA TRANCHE #TR00255 .ooo 2.550 MIGl 99.984 1,500,000.00 14, 14
06050VLQB VAR RT 08/08/2005 DD 02/07/05 1,499,760.00 2.01
150,000.00 BANKAMERICA CORP MTN SR 00150 .ooo 7.070 AA2 100.781 153,652.50 1.42
06605LGFO 7,125% 05/12/2005 DD 05/12/95 AA-151,171.50 .20
2,500,000.00 GENERAL ELEC CAP MTN #TR 00526 .000 2.615 AAA 100.000 2,502,460.00 23.57
36962GXX7 VAR RT 03/15/2005 DD 03/20/02 AAA 2,500,000.00 3.35
150,000.00 NORWEST FINL INC NT ,000 7,541 AAl 100,781 153,084.00 1.42
669383DX6 7,600% 05/03/2005 DD 05/03/00 AA-151,171.50 .20
3,J00,000,00 US TREASURY BILL .ooo .ooo AAA 99,255 3,261,060.00 30.88
912795SS1 0.000% 06/09/2005 DD 12/09/04 AAA 3,275,415.00 4,39
-----------------------------------------
TOTAL FIXED INCOME SECURITIES .000 4,405 10,682,606.50 100.00
10,606,108.00 14,21
-----------------------------------------
TOTAL .000 .654 74,750,597.59 100.00
74,674,099.09 100.00
--..---=====-=---= ==:==-===
YLDANAL YIELD ANALYSIS PAGE 3
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09,43,20 ---
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
.oo GENERAL ELEC CAP DISC .000 .ooo P-1 .000 .oo .oo
36959HP43 02/04/2005 .oo .oo
10,000,000.00 UBS AG STAMFORD BRR INSTL C/D .000 2,471 99,955 9,995,500.00 76,58
90261GE47 VAR RT 07/05/2005 DD 07/02/04 9,995,500.00 2, 71
1,200,000.00 US TREASURY BILL .000 .000 P-1 98.718 1,184,617.83 9.07
912795VH1 DUE 07/21/2005 DD 01/20/2005 A-1+ 1,184,617.83 ,32
1,870,831.23 DREYFUS TREASURY CASH MGMT .000 2,223 AAA 100.000 1,870,831.23 14,33
996085247 AAA 1,870,831.23 .51
.oo BSDT-LATE MONEY DEPOSIT ACCT .ooo .ooo ,000 .oo .oo
996087094 .oo .oo
-------------------------------
TOTAL CASH & CASH EQUIVALENTS .000 2,266 13,050,949.06 100.00
13,050,949.06 3.54
FIXED INCOME SECURITIES
752,000.00 AIG SUNAMERICA GLOBAL REGS .000 5,325 109.867 826,199.84 ,23
U00907AA0 5,850% 08/01/2008 DD 08/08/01 826,199,84 ,22
4,000,000.00 COMMIT TO PUR FNMA SF MTG .ooo 5,456 AAA 100,810 4,072,578.12 1. 13
01F052631 5,500% 03/01/2035 DD 03/01/05 AAA 4,032,400.00 1.09
1,soo,000.00 CIT GROUP INC NEW SR NT .ooo 2,909 A2 100.437 1,507,005.00 .42
125581AF5 VAR RT 09/22/2006 DD 09/23/03 A 1,506,555.00 ,41
10,000,000.00 FEDERAL HOME LN MTG CORP MTN .000 4,075 AAA 98.170 9,993,100.00 2,75
3128X3WY5 4,000% 09/22/2009 DD 09/22/04 AAA 9,817,000.00 2 ,66
53,694,57 FHLMC GROUP 178-6064 .ooo 4,153 AAA 103.418 52,385.76 .01
31348SWZ3 6.384% 01/01/2028 DD 12/01/97 AAA 55,529,85 ,02
11,350,000.00 FEDERAL NATL MTG ASSN DEBS .ooo 5.153 AAA 101.884 11,521,271.50 3.24
31359MJX2 5.250% 06/15/2006 DD 06/22/01 AAA 11,563,834.00 3 .13
634 I 191. 57 FNMA POOL #0254510 .ooo 4,955 AAA 100.909 653,217.31 .17
31371KVB4 5,000% 11/01/2017 DD 10/01/02 AAA 639,956.37 .17
YLDANAL YIELD ANALYSIS PAGE 4
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20
=::::=,=== ----------==
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -----··------------------------------------------------------------------------------------------------
136,644.19 FNMA POOL #0254631 .ooo 4.956 AAA 100.889 140,743.52 .03
31371KY47 5.000% 02/01/2018 DD 01/01/03 AAA 137,858.96 .04
121,857.07 FNMA POOL #0254760 .ooo 4.957 AAA 100,862 125,512,77 .03
31371K5V9 5.000% 06/01/2018 DD 05/01/03 AAA 122,907.48 ,03
55,366.11 FNMA POOL #0254866 .ooo 4.958 AAA 100.841 57,027.10 .01
31371LCB3 5,000% 09/01/2018 DD 08/01/03 AAA 55,831.74 .02
293,848.17 FNMA POOL 40254953 .ooo 4,959 AAA 100.828 297,613,11 .08
31371LE21 5,000% 11/01/2018 DD 10/01/03 AAA 296,281.23 ,08
795,269.68 FNMA POOL #0254987 .ooo 4,960 AAA 100. 811 805,459.07 .22
31371LF46 5,000% 12/01/2018 DD 11/01/03 AAA 801,720.85 ,22
136,245,92 FNMA POOL #0323980 .ooo 5,752 AAA 104.315 142,249.25 .03
31374T2M0 6,000% 04/01/2014 OD 09/01/99 AAA 142,124.93 .04
23,006.63 FNMA POOL #0357328 .ooo 4.957 AAA 100.872 23,696.83 .oo
31376J4M8 5,000% 01/01/2018 DD 01/01/03 AAA 23,207.33 .01
1,215,609.28 FNMA POOL #0357430 .ooo 4.957 AAA 100.862 1,229,284.89 ,34
31376KA71 5.000% 09/01/2018 DD 09/01/03 AAA 1,226,087.83 ,33
37,407.66 FNMA POOL #0456482 .ooo 5,752 AAA 104,318 39,055.92 .01
31381CCT2 6,000% 02/01/2014 DD 02/01/99 AAA 39,022,92 .01
97,990.42 FNMA POOL #0509649 .ooo 5.753 AAA 104.300 102,308.12 .02
31383QEW0 6,000% 09/01/2014 DD 09/01/99 AAA 102,204,01 .03
106,668.78 FNMA POOL #0535451 .ooo 5.752 AAA 104,304 111,368.87 .03
31384VZQ8 6,000% 06/01/2015 DD 07/01/00 AAA 111,259.80 .03
292,435.51 FNMA POOL #0555363 .000 4.956 AAA 100.882 301,208.56 .08
31385W5Yl 5,000% 04/01/2018 DD 03/01/03 AAA 295,014.79 ,08
30,305.25 FNMA POOL #0555453 .ooo 4.957 AAA 100,875 30,693.54 .oo
31385XBW6 5.000% 05/01/2018 DD 04/01/03 AAA 30,570,42 .01
242,774.45 FNMA POOL #0555545 .ooo 4,957 AAA 100,875 250,057.69 ,06
31385XES2 5,000% 06/01/2018 DD 05/01/03 AAA 244,898.73 ,07
837,365.55 FNMA POOL 40555621 .ooo 4.960 AAA 100. 811 846,785.91 ,23
31385XG68 5,000% 07/01/2018 DD 06/01/03 AAA 844,158.20 .23
YLDANAL YIELD ANALYSIS PAGE 5
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20
;, -------=============
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -----•r--------------------------------------------------------------------------------------
456,124.13 FNMA POOL #0681309 .ooo 4.956 AAA 100.889 469,807.85 .12
31391Y3S4 5.000% 02/01/2018 DD 02/01/03 AAA 460,179.07 .12
54,826,90 FNMA POOL #0681334 .ooo 4,956 AAA 100.889 56,471.71 .01
31391Y4Tl 5.000% 02/01/2018 DD 01/01/03 AAA 55,314.31 .01
297,918.55 FNMA POOL #0684908 .ooo 4,957 AAA 100.862 301,735.65 .08
31400D3Rl 5,000% 06/01/2018 DD 05/01/03 AAA 300,486.61 .08
163,101.19 FNMA POOL #0685200 .000 4.957 AAA 100.875 165,190.95 .04
31400EGH7 5,000% 03/01/2018 DD 03/01/03 AAA 164,528.33 .04
27,670.85 FNMA POOL #0685665 .ooo 4,956 AAA 100.889 28,500.97 .oo
31400EW22 5,000% 02/01/2018 DD 02/01/03 AAA 27,916.84 .01
248,717.82 FNMA POOL #0686318 .ooo 4.956 AAA 100,882 256,179.35 .07
31400FPB7 5,000% 03/01/2018 DD 03/01/03 AAA 250,911.51 .07
96,183.83 FNMA POOL #0688739 .ooo 4.957 AAA 100.862 99,069.34 .02
31400JEL9 5.000% 06/01/2018 DD 06/01/03 AAA 97,012.93 .03
82,623.04 FNMA POOL #0689859 .000 4,957 AAA 100.862 83,681.65 .02
31400KMG8 5.000% 05/01/2018 DD 05/01/03 AAA 83,335.25 .02
537,616.74 FNMA POOL #0693834 .ooo 4.956 AAA 100.882 553,745.23 . 15
31400PY74 5,000% 03/01/2018 DD 03/01/03 AAA 542,358.52 ,15
191,324.99 FNMA POOL #0695852 .000 4.957 AAA 100,869 197,064.74 .05
31400SBVO 5.000% 05/01/2018 DD 05/01/03 AAA 192,987.60 .os
653,165.24 FNMA POOL #0695889 .000 4,957 AAA 100,869 672,760.21 ,18
31400SC23 5,000% 05/01/2018 DD 05/01/03 AAA 658,841.25 ,18
19,831.37 FNMA POOL #0697026 .ooo 4,957 AAA 100.869 20,426,33 .oo
31400TLF2 5,000% 05/01/2018 DD 04/01/03 AAA 20,003.70 .01
201,780.06 FNMA POOL #0702210 .000 4,960 AAA 100.811 207,833.46 .05
31401ADP9 5.000% 05/01/2018 DD 05/01/03 AAA 203,416,89 .06
118,355.47 FNMA POOL #0702328 .ooo 4,957 AAA 100.869 119,871.89 .03
31401AHD2 5,000% 05/01/2018 DD 04/01/03 AAA 119,383,98 ,03
248,255.39 FNMA POOL 10709148 .ooo 4,958 AAA 100.855 255,703.06 ,07
31401HZM7 5,000% 06/01/2018 DD 06/01/03 AAA 250,377,97 .07
YLDANAL YIELD ANALYSIS PAGE 6
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20
=
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ------------------------------------------------------------------------------------------------
554,720.63 FNMA POOL #0709360 .ooo 4.958 AAA 100.855 561,827.99 ,15
31401JB56 5,000% 07/01/2018 DD 06/01/03 AAA 559,463.49 ,15
96,941.62 FNMA POOL #0709826 .000 4,957 AAA 100.862 98,183.68 .02
31401JSP4 5.000% 06/01/2018 DD 06/01/03 AAA 97,777.26 .03
200,810.93 FNMA POOL #0709917 .ooo 4,957 AAA 100,862 203,383.81 ,OS
31401JVJ4 5.000% 06/01/2018 DD 06/01/03 AAA 202,541.92 .05
17,817.76 FNMA POOL #0709963 .000 4,960 AAA 100.811 18,046.06 .oo
31401JWYO 5,000% 06/01/2018 DD 06/01/03 AAA 17,962.30 .oo
520,532.38 FNMA POOL #0710235 .ooo 4.958 AAA 100.855 536,148.37 .14
31401KBC8 5,000% 06/01/2018 DD 06/01/03 AAA 524,982.93 ,14
14,309.28 FNMA POOL f0713344 .000 4 .957 AAA 100.862 14,738.55 .oo
31401NP52 5,000% 06/01/2018 DD 06/01/03 AAA 14,432.63 .oo
227,089.02 FNMA POOL 10713365 .000 4.958 AAA 100.855 229,998.59 .06
31401NQS1 5.000% 07/01/2018 DD 07/01/03 AAA 229,030.63 ,06
647,492.36 FNMA POOL #0720319 .ooo 4.958 AAA 100.855 655,788.36 ,18
31401WG45 5,000% 07/01/2018 DD 07/01/03 AAA 653,028,42 .18
1,954,310.57 FNMA POOL f0720369 .ooo 4.960 AAA 100.811 2,012,939.89 .55
31401WJNO 5,000% 06/01/2018 DD 06/01/03 AAA 1,970,163.80 .53
271,689.53 FNMA POOL f0721629 .000 4,958 AAA 100.855 279,840.23 .07
31401XVW4 5.000% 07/01/2018 DD 06/01/03 AAA 274,012.48 .07
228,418.83 FNMA POOL #0723487 .ooo 4.958 AAA 100.855 230,988.55 ,06
31402AXQ4 5,000% 06/01/2018 DD 06/01/03 AAA 230,371.81 .06
3,096,781.35 FNMA POOL #0725530 .ooo 4.963 AAA 100.753 3,138,878,21 .87
31402DA75 5,000% 06/01/2019 DD 05/01/04 AAA 3,120,112,81 ,84
364,993.01 FNMA POOL #0729601 .ooo 4.958 AAA 100,848 369,669,49 ,10
31402HRW3 5,000% 07/01/2018 DD 07/01/03 AAA 368,088,15 ,10
32,666.44 FNMA POOL #0732873 .ooo 4,959 AAA 100.828 33,084.96 .oo
31402MFN5 5,000% 11/01/2018 DD 10/01/03 AAA 32,936.92 .01
580,032,73 FNMA POOL #0737130 .ooo 4.958 AAA 100,841 587,464,40 .16
31402S4P9 5.000% 10/01/2018 DD 10/01/03 AAA 584,910.81 .16
YLDANAL YIELD ANALYSIS PAGE 7
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20
======= -=
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ----·--·--·--------------------------------------------------------------------------------~-------
481,031.10 FNMA POOL f 0738211 .000 4 .960 AAA 100,811 487,194.33 ,13
31402UDQ2 5,000% 10/01/2018 DD 10/01/03 AAA 484,933.19 .13
170,706.30 FNMA POOL #0738487 .000 4,959 AAA 100.828 172,893.47 ,04
3l402UNC2 5,000% 10/01/2018 DD 10/01/03 AAA 172,119,75 .os
1,999,800.00 FNMA POOL #0740457 .ooo 4,960 AAA 100.811 2,026,984.78 .56
31402WTN8 5,000% 10/01/2018 DD 10/01/03 AAA 2,016,022.24 ,55
659,376.66 FNMA POOL f0740471 ,000 4,960 AAA 100.811 667,824,91 ,18
31402WT40 5,000% 10/01/2018 DD 10/01/03 AAA 664,725,48 ,18
708,091.84 FNMA POOL J0740748 .ooo 4.958 AAA 100.841 717,164.26 .20
31402WSH7 5.000% 10/01/2018 DD 11/01/03 AAA 714,046.89 ,19
34,284.97 FNMA POOL f0743868 ,000 4,960 AAA 100.811 34,724 ,24 .oo
31403BMR1 5,000% 11/01/2018 DD 10/01/03 AAA 34,563.09 .01
912,125,49 FNMA POOL J0744008 .000 4.957 AAA 100.862 923,812.10 .25
31403BR54 5,000% 07/01/2018 DD 09/01/03 AAA 919,988.01 .25
143,565.73 FNMA POOL f0744316 .ooo 4.960 AAA 100.811 145,405.17 .04
31403B3Z4 5,000% 09/01/2018 DD 09/01/03 AAA 144,730,33 ,04
293,472,15 FNMA POOL f0747914 .ooo 4,959 AAA 100.828 297,232,27 ,OB
31403F3XO 5.000% 11/01/2018 DD 11/01/03 AAA 295,902.10 .00
177,145.57 FNMA POOL #0748400 .ooo 4.960 AAA 100.811 179,415.25 .OS
31403GNR9 5.000% 08/01/2018 DD 09/01/03 AAA 178,582.56 .OS
864,466.67 FNMA POOL 10748899 .ooo 4,960 AAA 100.811 875,542.65 .24
31403G7LO 5.000% 12/01/2018 DD 11/01/03 AAA 871,479.16 ,24
1,943,268.54 FNMA POOL #0750377 .000 4,960 AAA 100.811 1,968,166.66 .54
31403JUA2 5.000% 11/01/2018 DD 11/01/03 AAA 1,959,032.20 .53
1,680,021.51 FNMA POOL t0750380 .ooo 4,960 AAA 100.811 1,701,546.81 ,47
31403JUD6 5,000% 11/01/2018 DD 11/01/03 AAA 1,693,649.73 .46
164,644.23 FNMA POOL #0750445 .ooo 4,960 AAA 100.811 166,753.74 .04
31403JWE2 5,000% 11/01/2018 DD 11/01/03 AAA 165,979.81 .04
735,572.90 FNMA POOL f0751960 .ooo 4,960 AAA 100.811 744,997.44 .20
31403LMH1 5,000% 12/01/2018 DD 11/01/03 AAA 741,539.82 .20
YLDANAL YIELD ANALYSIS PAGE 8
OCSF07522202 2005/02/28 RUN DATE I 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20 -------------------------------------==----==----===---===----===-================================================-======-===
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -----------------------··---------------------------------------------------------------------------------
775,923,13 FNMA POOL #0753425 .ooo 4,959 AAA 100,821 784,894.73 .21
31403NA23 5.000% 11/01/2018 DD 11/01/03 AAA 782,293.46 .21
571,622.07 FNMA POOL #0755165 .ooo 4,959 AAA 100,821 578,945.98 .16
31403Q6A3 5.000% 12/01/2018 DD 11/01/03 AAA 576,315.09 .16
889,000.55 FNMA POOL #0756372 .ooo 4,959 AAA 100,821 899,279.61 ,25
31403SJR8 5.000% 11/01/2018 DD 11/01/03 AAA 896,299.24 .24
3,128,104.18 FNMA POOL #0784251 .ooo 4.961 AAA 100.781 3,170,626.85 .88
31405BH46 5.000% 11/01/2019 DD 11/01/04 AAA 3,152,534.67 .85
894,436.15 FNMA POOL #0789670 .000 4.961 AAA 100,781 906,594.89 .25
31405HJP4 5.000% 12/01/2019 DD 12/01/04 AAA 901,421.70 ,24
871,497.87 FNMA POOL #0792432 .000 4,961 AAA 100.782 883,344.80 .24
31405LLM9 5.000% 10/01/2019 DD 10/01/04 AAA 878,312.98 ,24
902,821.18 FNMA POOL #0794195 .ooo 4.961 AAA 100.781 915,093.91 .25
31405NKG9 5.000% 11/01/2019 DD 11/01/04 AAA 909,872.21 .25
3,163,763.63 FNMA POOL #0797160 .ooo 4.961 AAA 100,781 3,206,771.03 .89
31405RTR7 5.000% 12/01/2019 DD 12/01/04 AAA 3,188,472.62 .86
835,837.55 FNMA POOL #0797408 .000 4,961 AAA 100.781 847,199.72 .23
31405R3R5 5.000% 12/01/2019 DD 12/01/04 AAA 842,365.44 .23
920,047.55 FNMA POOL 10797414 .ooo 4,961 AAA 100,781 932,554.44 .26
31405R3X2 5.000% 12/01/2019 DD 12/01/04 AAA 927,233.12 ,25
3,079,553.66 FNMA POOL 10803923 .ooo 4.961 AAA 100,781 3,121,416.35 .87
31406AD41 5.000% 12/01/2019 DD 12/01/04 AAA 3,103,604.97 .84
3,105,165.09 FNMA POOL #0807711 .ooo 4,961 AAA 100.781 3,147,375.92 .87
31406EKY9 5.000% 01/01/2020 DD 01/01/05 AAA 3,129,416.43 .85
8,897.84 GNMA POOL #0421389 .ooo 6.174 AAA 105.278 9,338.57 .oo
36206UC23 6.500% 04/15/2026 DD 04/01/96 AAA 9,367.47 .oo
12,065.30 GNMA POOL #0449851 .ooo 6.191 AAA 104.988 12,662.91 .oo
36208FWLO 6.500% 01/15/2028 DD 01/01/98 AAA 12,667,06 .oo
32,618.66 GNMA POOL #0466845 .ooo 6.182 AAA 105.151 34,234.31 .oo
36209BTA6 6,500% 06/15/2028 DD 06/01/98 AAA 34,298.85 .01
YLDANAL YIELD ANALYSIS PAGE 9
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20 =============== = = ------=
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL -----------------·--------------------------------------------------------__ " _______ -----------------------
110,448.63 GNMA POOL 10468052 .ooo 6,182 AAA 105,146 115,919.28 .03
36209C5M4 6,500% 07/15/2028 DD 07/01/98 AAA 116,132.32 .03
136,765.44 GNMA POOL #0476041 .ooo 6,182 AAA 105,151 143,325.92 .04
36209MZE7 6 ,500% 06/15/2028 DD 06/01/98 AAA 143,810.23 .04
120,255.39 GNMA POOL #0478626 .ooo 6.184 AAA 105.118 126,023,89 .03
36209QVT9 6 ,500% 01/15/2029 DD 01/01/99 AAA 126,410.06 .03
28,695.90 GNMA POOL 10480598 .ooo 6,183 AAA 105.129 30,072.40 .oo
36209S3F6 6,500% 10/15/2028 DD 10/01/98 AAA 30,167.71 .01
8,366.77 GNMA POOL 10512235 .ooo 6.187 AAA 105.064 8,781.18 .oo
36211GBC6 6,500% 11/15/2029 DD 11/01/99 AAA 8,790.46 .oo
91,956.65 GNMA POOL #0514326 .ooo 6.185 AAA 105.086 96,367.69 .02
36211JLF2 6,500% 07/15/2029 DD 07/01/99 AAA 96,633.57 .03
169,010.25 GNMA II POOL 10080395 .ooo 3,369 AAA 100,176 167,478.59 .04
36225CNM4 VAR RT 04/20/2030 DD 04/01/00 AAA 169,307.71 .05
1,538,544.97 GNMA II POOL f080408X .000 3.369 AAA 100.166 1,522,919.12 .43
36225CN28 VAR RT 05/20/2030 DD 05/01/00 AAA 1,541,098.95 ,42
1,328,458.68 GNMA II POOL 10080965 .000 3.505 AAA 99.844 1,327,628.38 .37
36225DCB8 VAR RT 07/20/2034 DD 07/01/04 AAA 1,326,386.28 .36
6,000,000.00 GENERAL ELEC CAP MTN #TR 00526 .000 2,615 AAA 100.000 6,002,544.00 1. 68
36962GXX7 VAR RT 03/15/2005 DD 03/20/02 AAA 6,000,000.00 1.62
3,500,ooo.oo GOLDMAN SACHS GRP MTN tTR00194 .ooo 2.865 AA3 100.187 3,507,850.50 .98
38141EJB6 VAR RT 10/27/2006 DD 10/29/03 A+ 3,506,545.00 ,95
800,000.00 GOLDMAN SACHS GRP MTN #TR00207 .ooo 3.007 AA3 100,500 800,000.00 .22
38141EJQ3 VAR RT 07/23/2009 DD 07/23/04 A+ 804,000.00 .22
3,500,000.00 GOLDMAN SACHS MTN# TR 00216 .ooo 2,731 AA3 99.968 3,500,ooo.oo .98
38141EJZ3 VAR RT 08/01/2006 DD 02/01/05 A+ 3,498,880.00 .95
3,200,000.00 MORGAN STANLEY NT .ooo 3.943 AA3 98.265 3,149,248.00 .88
61746BALO 3,875% 01/15/2009 DD 01/13/04 A+ 3,144,480.00 .85
572,962.33 RESIDENTIAL ASSET 03-RSll AIIB .000 2,978 AAA 100,064 572,962.33 ,16
760985K83 VAR RT 12/25/2033 DD 12/30/03 AAA 573,329.03 ,16
YLDANAL YIELD ANALYSIS PAGE 10
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09.43.20 =======--=~====:==-~-==------===· ---
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ---------------------------------------------------------- --------------------------------------------
2,985,923.50 SBA GTD DEV PARTN 2001-20C 1 .ooo 5.954 AAA 106.490 2,985,923.50 .89
83162CLJO 6.340% 03/01/2021 AAA 3,179,709.94 .86
1,782,321.97 SBA GTD PARTN CTFS SBIC-PS 01 .000 6.287 AAA 105.610 1,782,321.97 .52
831641DD4 6.640% 02/10/2011 DD 02/21/01 NR 1,882,310.23 .51
1,600,000.00 UNITED AIRLS PASSTHRU 01-1 C .ooo 80.054 WR 8.533 1,600,000.00 .03
909317BC2 6.831% 03/01/2010 DD 08/22/01 A-136,528.00 ,04
20,000,000.00 US TREASURY NOTES .ooo 5.947 AAA 105.094 22,620,312.50 5.90
9128272JO 06.250% 02/15/2007 DD 02/15/97 AAA 21,018,800.00 5.69
3,534,240.00 US TREASURY INFLATION INDEX NT .ooo 3.358 AAA 107.938 3,842,216.96 1.07
9128273T7 3.625% 01/15/2008 DD 01/15/98 AAA 3,814,770.30 1.03
15,086,760.00 US TREASURY INFLATION INDEX NT .000 3.494 AAA 110.906 16,704,119.02 4.69
9128274Y5 3.875% 01/15/2009 DD 01/15/99 AAA 16,732,197.48 4.53
3,900,000.00 US TREASURY NOTES .000 5.646 AAA 101.844 4,288,149.14 1.11
9128276N7 05.750% 11/15/2005 DD 11/15/00 AAA 3,971,916.00 1.08
17,600,000.00 US TREASURY NOTES .ooo 3.434 AAA 98.290 17,405,000.00 4.85
912828BT6 3.375% 12/15/2008 DD 12/15/03 AAA 17,299,040.00 4,68
21,soo,000.00 US TREASURY NOTES .ooo 2. 773 AAA 99.180 27,463,468.63 7.65
912828CMO 2.750% 06/30/2006 DD 06/30/04 AAA 27,274,500.00 7,39
49,000,000.00 US TREASURY NOTES .ooo 2,776 AAA 99.080 49,103,927.41 13.62
912828CQ1 2.750% 07/31/2006 DD 07/31/04 AAA 48,549,200.00 13.15
55,300,000.00 US TREASURY NOTES .000 2.413 AAA 98.440 55,048,031.25 15,28
912828CU2 2.375% 08/31/2006 DD 08/31/04 AAA 54,437,320.00 14.74
20,000,000.00 US TREASURY NOTES .000 2.906 AAA 98.920 20,640,268.90 5.11
912828DD9 2.875% 11/30/2006 DD 11/30/04 AAA 20,575,360.00 5.57
14,000,000.00 US TREASURY NOTES .ooo 3.576 AAA 97.870 13,880,251.70 3.84
912828DE7 3.500% 12/15/2009 DD 12/15/04 AAA 13,701,800.00 3.71
11150,000.00 VIRGINIA ELEC & PWR 01 SER A .ooo 5.632 A3 102.093 1,743,840.00 .so
927804ENO 5.750% 03/31/2006 DD 03/27/01 BBB+ 1,786,627.50 .48
16,817,920.00 US TREASURY INFLATION INDEX NT 3.B17 3.210 AAA 105,125 14,909,433.02 4,96
912B272M3 3.375% 01/15/2007 DD 01/15/97 AAA 17,679,838.40 4.79
YLDANAL YIELD ANALYSIS PAGE 11
OCSF07522202 2005/02/28 RUN DATE 03/04/05
DISTRICT: LONG-TERM OPERATING RUN TIME 09,43.20 ----------------------_,.
PAR VALUE YTM AT CURRENT MOODY MARKET TOTAL COST/ % TYPE
SECURITY ID SECURITY DESCRIPTION BOOK YIELD S-P PRICE MARKET VALUE % TOTAL ---------------------------------------------------------------------------------------------------
785,482.19 FHLMC MULTICLASS MTG SER E3 A 6.316 3.784 AAA 99.551 786,318.98 .21
3133TCE95 VAR RT 08/15/2032 DD 12/01/97 AAA 781,955.37 .21
470,390.59 GNMA GTD REMIC TR 2000-9 FH 6.320 3.068 AAA 100.720 470,390.59 .13
3837H4NX9 VAR RT 02/16/2030 AAA 473,777.40 .13
193,958.46 GNMA II POOL #080088M 6.705 3 .363 AAA 100.361 198,201.30 .05
36225CC20 7,375% 06/20/2027 DD 06/01/97 AAA 194,658.65 .05
154,432.86 GNMA II POOL #0080023 6.992 4.053 AAA 101. 764 156,990.65 .04
36225CAZ9 VAR RT 12/20/2026 DD 12/01/96 AAA 157,157.06 .04
2,100,000.00 FEDERAL NATL MTG ASSN DEBS 7 .113 6,052 AAA 109.464 2,030,133.00 .64
31359MEY5 6.625% 09/15/2009 DD 09/01/99 AAA 2,298,744.00 .62
1,000,000.00 FORD MOTOR CR CO NT 7.582 6.707 A3 100.640 965,170.00 .28
345397GV9 6.750% 05/15/2005 DD 05/24/93 BBB-1,006,400.00 .27
934,565.22 WMP/HUNTOON PAIGE t 000-11150 7 .684 7 .427 AAA 100.987 914,267 .63 .26
302998GE3 7.500% 12/01/2030 DD 10/21/99 AAA 943,793.68 .26
1,600,000.00 ALLSTATE CORP SR NT 7.967 7.814 Al 100.781 1,594,032.00 .45
020002AL5 7.875% 05/01/2005 DD 05/01/00 A+ 1,612,496.00 .44
-------------------------------------------TOTAL FIXED INCOME SECURITIES .075 4,275 358,351,727,74 100.00
356,218,136.40 96.46
-----------------------------------------
TOTAL .075 4.266 371,402,676.80 100.00
369,269,085.46 100.00 ---------------========
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCS~CONSOUDATED-OCSGOOOlOOOO 2/28/2005 Status: FINAL
Net Unrealized
Price ., Cost Market Value %of Gain/Loss
Description \ Base Shares Par Base Base Total Base
U.S. DOLLAR
CASH & CASH EQUIVALENTS
PAYABLE FOR INVESTMENTS -5,648,345.69 -5,648,345.69 -1.28% 0.00
PURCHASED
INTEREST RECEIVABLE 2,125,565.92 2,125,565.92 0.48% 0.00
RECEIVABLE FOR INVESTMENTS 19,563.45 19,563.45 0.00% 0.00
SOLD
BANK OF AMERlCAN NA INSTL C/D 100.0000 1,600,000.000 1,600,000.00 1,600,000.00 0.36% 0.00
2.260% 03/09/2005 DD 11/16/04
SEC ID: 06050GGS3
FEDERAL HOME LN BK CONS DISC 99.8087 2,000,000.000 1,996,173.33 1,996,173.33 0.45% 0.00
MAT 03/04/2005
SEC ID: 313385CQ7
FEDERAL HOME LN BK CONS DISC 99.4136 3,000,000.000 2,982,406.67 2,982,406.67 0.68% 0.00
MAT 03/09/2005
SEC ID: 313385CV6
FEDERAL HOME LN BK CONS 99.3519 3,000,000.000 2,980,556.33 2,980,556.33 0.68% 0.00
SYSTEM
MAT 04/27/2005
SEC ID: 313385EW2
FEDERAL HOME LN MTG CORP DISC 99.4024 6,000,000.000 5,964,142.50 5,964,142.50 1.35% 0.00
MAT 03/15/2005
SEC ID: 313397DB4
FEDERAL HOME LN MTG CORP DISC 99.1200 2,500,000.000 2,478,000.00 2,478,000.00 0.56% 0.00
MAT 04/05/2005
SEC ID: 313397DY4
FEDERAL HOME LN MTG CORP DISC 99.3559 2,000,000.000 1,987,117.78 1,987,117.78 0.45% 0.00
MAT 05/10/2005
SEC ID: 313397FK2
FEDERAL HOME LN MTG CORP DISC 99.3374 2,000,000.000 1,986,748.89 1,986,748.89 0.45% 0.00
MAT 02/17/2005
SEC ID: 313397FS5
FEDERAL HOME LN MTG CORP DISC 99.2922 1,587,000.000 1,575,767.57 1,575,767.57 0.36% 0.00
MAT 05/31/2005
SEC ID: 313397GG0
FEDERAL NATL MTG ASSN DISC NTS 99.3499 10,700,000.000 10,630,444.17 10,630,444.17 2.41% 0.00
MAT 004/27 /2005
SEC ID: 313589EW9
FEDERAL NATL MTG ASSN DISCOUNT 99.3439 3,800,000.000 3,775,066.67 3,775,066.67 0.86% 0.00
MAT 05/11/2005
SEC ID: 313589FL2
3/8/2005 9:14:04AM PST 1 Workbench
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOUDATED -OCSGOOO 10000 2/28/2005 Status: FINAL
Net UnreaU;ed
Price Cost Market Value %of Gain/Loss
Description l Base Shares Par Base Base Total Base
HSBC BANK USA INSTL C/D 100.0000 1,400,000.000 1,400,000.00 1,400,000.00 0.32% 0.00
2.335% 03/23/2005 DD 11/23/04
SEC ID: 40428AGZ4
UBS AG STAMFORD BRH INSTL C/D 99.9550 10,000,000.000 9,995,500.00 9,995,500.00 2.27% 0.00
VAR RT 07/05/2005 DD 07 /02/04
SEC ID: 90261GE47
U S TREASURY BILL 98.9593 9,000,000.000 8,906,337.09 8,906,337.09 2.02% 0.00
DUE 04/28/2005 DD 10/28/04
SEC ID: 912795SL6
U S TREASURY BILL 99.2550 3,300,000.000 3,261,060.00 3,275,415.00 0.74% 14,355.00
0.000% 06/09/2005 DD 12/09/04
SEC ID: 912795SS1
U S TREASURY BILL 98.7182 1,200,000.000 1,184,617.83 1,184,617.83 0.27% 0.00
DUE 07/21/2005 DD 01/20/2005
SEC ID: 912795VH1
WELLS FARGO BANK NA INSTL C/D 100.0000 1,300,000.000 1,300,000.00 1,300,000.00 0.30% 0.00
2.520% 03/18/2005 DD 02/18/05
SEC ID: 9497Pl USO
LEHMAN CAT 2 REPO 100.0000 13,000,000.000 13,000,000.00 13,000,000.00 2 .95% 0.00
02.550% 03/01/2005 DD 02/28/05
SEC ID: 99432C236
DREYFUS TREASURY CASH MGMT 100.0000 3,376,061.320 3,376,061.32 3,376,061.32 0.77% 0.00
SEC ID : 996085247
TOTAL CASH & CASH EQUIVALENTS 80,763,061.320 76,876,783.83 76,891,138.83 17.46% 14,355.00
FIXED INCOME SECURITIES
AIG SUNAMERICA GLOBAL REG S 109.8670 752,000.000 826,199.84 826,199.84 0.19% 0.00
5.850% 08/01/2008 DD 08/08/01
SEC ID: U00907AA0
COMMIT TO PUR FNMA SF MTG 100.8100 4,000,000.000 4,072,578.12 4,032,400.00 0.92% -40,178.12
5.500% 03/01/2035 DD 03/01/05
SEC ID: 01F052631
ALLSTATE CORP SR NT 100.7810 1,600,000.000 1,594,032.00 1,612,496.00 0.37% 18,464.00
7.875% 05/01/2005 DD 05/01/00
SEC ID: 020002AL5
ASSOCIATES CORP NORTH AMER SR 100.9530 3,000,000.000 3,112,350.00 3,028,590.00 0.69% -83,760.00
6 .625% 06/15/2005 DD 06/09/95
SEC ID: 046003FF1
BANK AMER N A TRANCHE #TR00255 99.9840 1,500,000.000 1,500,000.00 1,499,760.00 0.34% -240.00
VAR RT 08/08/2005 DD 02/07 /05
SEC ID: 06050VLQ8
3/8/2005 9: 14:04AM PST 2 Workbench
@ Asset Detail Report ID: GL8013.
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOLIDATED -OCSGOO0 10000 2/28/2005 Status: FINAL
Net Unrealiz~d
Price ,, Cost Market Value %of Gain/Loss , ' J .~ I,· ' Description Base ,. Shares Par Base Base Total Base
BANKAMERICA CORP MTN SR 00150 100.7810 150,000.000 153,652.50 151,171.50 0.03% -2,481.00
7.125% 05/12/2005 DD 05/ 12/95
SEC ID: 06605LGF0
CIT GROUP INC NEW SR NT 100.4370 1,500,000.000 1,507,005.00 1,506,555.00 0.34% -450.00
VAR RT 09/22/2006 DD 09/23/03
SEC ID: 125581AF5
WMP/HUNTOON PAIGE #000-11150 100.9875 934,565.220 914,267.63 943,793.68 0.21% 29,526.05
7.500% 12/01/2030 DD 10/21/99
SEC ID: 302998GE3
FEDERAL HOME LN MTG CORP MTN 98.1700 10,000,000.000 9,993,100.00 9,817,000.00 2.23% -176,100.00
4.000% 09/22/2009 DD 09/22/04
SEC ID: 3128X3WY5
FHLMC MULTICLASS MTG SER E3 A 99.5510 785,482.190 786,318.98 781,955.37 0.18% -4,363.61
VAR RT 08/15/2032 DD 12/01/97
SEC ID: 3133TCE95
FHLMC GROUP #78-6064 103.4180 53,694.570 52,385.76 55,529.85 0.01% 3,144.09
6.384% 01/01/2028 DD 12/01/97
SEC ID: 31348SWZ3
FEDERAL NATL MTG ASSN DEBS 109.4640 2,100,000.000 2,030,133.00 2,298,744.00 0.52% 268,611.00
6.625% 09/15/2009 DD 09/01/99
SEC ID: 31359MEY5
FEDERAL NATL MTG ASSN DEBS 101.8840 11,350,000.000 11,521,271.50 11,563,834.00 2.63% 42,562.50
5.250% 06/15/2006 DD 06/22/01
SEC ID: 31359MJX2
FNMA POOL #0254510 100.9090 634,191.570 653,217.31 639,956.37 0.15% -13,260.94
5.000% 11/01/2017 DD 10/01/02
SEC ID: 31371KVB4
FNMA POOL #0254631 100.8890 136,644.190 140,743.52 137,858.96 0.03% -2,884.56
5.000% 02/01/2018 DD 01/01/03
SEC ID: 31371KY47
FNMA POOL #0254760 100.8620 121,857.070 125,512.77 122,907.48 0.03% -2,605.29
5.000% 06/01/2018 DD 05/01/03
SEC ID: 31371K5V9
FNMA POOL #0254866 100.8410 55,366.110 57,027.10 55,831.74 0.01% -1,195.36
5.000% 09/01/2018 DD 08/01/03
SEC ID: 31371LCB3
FNMA POOL #0254953 100.8280 293,848.170 297,613.11 296,281.23 0.07% -1,331.88
5.000% 11/01/2018 DD 10/01/03
SEC ID: 31371LE21
FNMA POOL #0254987 100.8112 795,269.680 805,459.07 801,720.85 0.18% -3,738.22
5.000% 12/01/2018 DD 11/01/03
SEC ID: 31371LF46
3/8/2005 9:14:04AM PST 3 Workbench
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
0CSOC0NS0UDATED-OCSGOOOlOOOO 2/28/2005 Status: FINAL
Net Unrealized
Price . ~ Cost Market Value %of Gain/Loss
Description Shares Par :1 ;• ., Total Base Base Base . • '.il Base
FNMA POOL #0323980 104.3150 136,245.920 142,249.25 142,124.93 0.03% -124.32
6.000% 04/01/2014 DD 09/01/99
SEC ID: 31374T2MO
FNMA POOL #0357328 100.8724 23,006.630 23,696.83 23,207.33 0 .01% -489.50
5.000% 01/01/2018 DD 01/01/03
SEC ID: 31376J4M8
FNMA POOL #0357430 100.8620 1,215,609.280 1,229,284.89 1,226,087.83 0 .28% -3,197.06
5.000% 09/01/2018 DD 09/01/03
SEC ID: 31376KA71
FNMA POOL #0456482 104.3180 37,407.660 39,055.92 39,022.92 0.01% -33.00
6.000% 02/01/2014 DD 02/01/99
SEC ID: 31381CCT2
FNMA POOL #0509649 104.3000 97,990.420 102,308.12 102,204.01 0.02% -104.11
6.000% 09/01/2014 DD 09/01/99
SEC ID: 31383QEWO
FNMA POOL #0535451 104.3040 106,668.780 111,368.87 111,259.80 0.03% -109.07
6.000% 06/01/2015 DD 07 /01/00
SEC ID: 31384VZQ8
FNMA POOL #0555363 100.8820 292,435.510 301,208.56 295,014.79 0.07% -6,193.77
5.000% 04/01/2018 DD 03/01/03
SEC ID: 31385W5Yl
FNMA POOL #0555453 100.8750 30,305.250 30,693.54 30,570.42 0.01% -123.12
5.000% 05/01/2018 DD 04/01/03
SEC ID: 31385XBW6
FNMA POOL #0555545 100.8750 242,774.450 250,057.69 244,898.73 0.06% -5,158.96
5.000% 06/01/2018 DD 05/01/03
SEC ID: 31385XES2
FNMA POOL #0555621 100.8112 837,365.550 846,785.91 844,158.20 0.19% -2,627.71
5.000% 07/01/2018 DD 06/01/03
SEC ID: 31385XG68
FNMA POOL #0681309 100.8890 456,124.130 469,807.85 460,179.07 0.10% -9,628.78
5.000% 02/01/2018 DD 02/01/03
SEC ID: 31391Y3S4
FNMA POOL #0681334 100.8890 54,826.900 56,471.71 55,314.31 0.01% -1,157.40
5.000% 02/01/2018 DD 01/01/03
SEC ID: 31391Y4Tl
FNMA POOL #0684908 100.8620 297,918.550 301,735.65 300,486.61 0.07% -1 ,249.04
5.000% 06/01/2018 DD 05/01/03
SEC ID: 31400D3Rl
FNMA POOL #0685200 100.8750 163,101.190 165,190.95 164,528.33 0 .04% -662.62
5.000% 03/01/2018 DD 03/01/03
SEC ID: 31400EGH7
3/8/2005 9:14:04AM PST 4 Workbench
@ Asset Detail Report ID: GL8013
Me-llon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOLIDATED-OCSGOO0l00OO 2/28/2005 Status: FINAL
Net Unrealized
Price • ~-t 'I c • Cost --Market Value %of Gain/Loss
Description I Base • Shares Par Base -~-Base Total . Base •1:::. ..
FNMA POOL #0685665 100.8890 27,670.850 28,500.97 27,916.84 0.01% -584.13
5.000% 02/01/2018 DD 02/01/03
SEC ID: 31400EW22
FNMA POOL #0686318 100.8820 248,717.820 256,179.35 250,911.51 0.06% -5,267.84
5.000% 03/01/2018 DD 03/01/03
SEC ID: 31400FPB7
FNMA POOL #0688739 100.8620 96,183.830 99,069.34 97,012.93 0.02% -2,056.41
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31400JEL9
FNMA POOL #0689859 100.8620 82,623.040 83,681.65 83,335.25 0.02% -346.40
5.000% 05/01/2018 DD 05/01/03
SEC ID: 31400KMG8
FNMA POOL #0693834 100.8820 537,616.740 553,745.23 542,358.52 0.12% -11,386.71
5.000% 03/01/2018 DD 03/01/03
SEC ID: 31400PY74
FNMA POOL #0695852 100.8690 191,324.990 197,064.74 192,987.60 0.04% -4,077.14
5.000% 05/01/2018 DD 05/01/03
SEC ID: 31400SBV0
FNMA POOL #0695889 100.8690 653,165.240 672,760.21 658,841.25 0.15% -13,918.96
5.000% 05/01/2018 DD 05/01/03
SEC ID: 31400SC23
FNMA POOL #0697026 100.8690 19,831.370 20,426.33 20,003.70 0.00% -422.63
5.000% 05/01/2018 DD 04/01/03
SEC ID: 31400TLF2
FNMA POOL #0702210 100.8112 201,780.060 207,833.46 203,416.89 0.05% -4,416.57
5.000% 05/01/2018 DD 05/01/03
SEC ID: 31401ADP9
FNMA POOL #0702328 100.8690 118,355.470 119,871.89 119,383.98 0.03% -487.91
5.000% 05/01/2018 DD 04/01/03
SEC ID: 31401AHD2
FNMA POOL #0709148 100.8550 248,255.390 255,703.06 250,377.97 0.06% -5,325.09
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401HZM7
FNMA POOL #0709360 100.8550 554,720.630 561,827.99 559,463.49 0.13% -2,364.50
5.000% 07/01/2018 DD 06/01/03
SEC ID: 31401JB56
FNMA POOL #0709826 100.8620 96,941.620 98,183.68 97,777.26 0.02% -406.42
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401JSP4
FNMA POOL #0709917 100.8620 200,810.930 203,383.81 202,541.92 0.05% -841.89
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401JVJ4
3/8/2005 9:14:04AM PST 5 Workbench
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOUDATED-OCSGOOO 10000 2/28/2005 Status: FINAL
Net Unrealized
Price Cost Market Value %of Gain/Loss Description ,. Base Shares Par Base Base Total Base
FNMA POOL #0709963 100.8112 17,817.760 18,046.06 17,962.30 0.00% -83.76
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401JWY0
FNMA POOL #0710235 100.8550 520,532.380 536,148.37 524,982.93 0.12% -11,165.44
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401KBC8
FNMA POOL #0713344 100.8620 14,309.280 14,738.55 14,432.63 0.00% -305.92
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401NP52
FNMA POOL #0713365 100.8550 227,089.020 229,998.59 229,030.63 0.05% -967.96
5.000% 07/01/2018 DD 07 /01/03
SEC ID : 31401NQS1
FNMA POOL #0720319 100.8550 647,492.360 655,788.36 653,028.42 0.15% -2,759.94
5.000% 07/01/2018 DD 07 /01/03
SEC ID: 31401WG45
FNMA POOL #0720369 100.8112 1,954,310.570 2,012,939.89 1,970,163.80 0.45% -42,776.09
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31401WJN0
FNMA POOL #0721629 100.8550 271,689.530 279,840.23 274,012.48 0.06% -5,827.75
5.000% 07/01/2018 DD 06/01/03
SEC ID: 31401XVW4
FNMA POOL #0723487 100.8550 228,418.830 230,988.55 230,371.81 0.05% -616.74
5.000% 06/01/2018 DD 06/01/03
SEC ID: 31402AXQ4
FNMA POOL #0725530 100.7534 3,096,781.350 3,138,878.21 3,120,112.81 0.71% -18,765.40
5.000% 06/01/2019 DD 05/01/04
SEC ID: 31402DA75
FNMA POOL #0729601 100.8480 364,993.010 369,669.49 368,088.15 0.08% -1,581.34
5.000% 07/01/2018 DD 07 /01/03
SEC ID: 31402HRW3
FNMA POOL #0732873 100.8280 32,666.440 33,084.96 32,936.92 0.01% -148.04
5.000% 11/01/2018 DD 10/01/03
SEC ID: 31402MFNS
FNMA POOL #0737130 100.8410 580,032.730 587,464.40 584,910.81 0.13% -2,553.59
5.000% 10/01/2018 DD 10/01/03
SEC ID: 31402S4P9
FNMA POOL #0738211 100.8112 481,031.100 487,194.33 484,933.19 0.11% -2,261.14
5.000% 10/01/2018 DD 10/01/03
SEC ID: 31402UDQ2
FNMA POOL #0738487 100.8280 170,706.300 172,893.47 172,119.75 0.04% -773.72
5.000% 10/01/2018 DD 10/01/03
SEC ID: 31402UNC2
3/8/2005 9:14:04AM PST 6 Workbench
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOUDATED-OCSGOO0l00OO 2/28/2005 Status: FINAL
Net Unrealized
Price ,, .', Cost Market Value %of Gain/Loss
Descrl ption ,, Shares Par Total '• Base Base ' Base Base ':
FNMA POOL #0740457 100.8112 1,999,800.000 2,026,984.78 2,016,022.24 0.46% -10,962.54
5.000% 10/01/2018 DD 10/01/03
SEC ID: 31402WTN8
FNMA POOL #0740471 100.8112 659,376.660 667,824.91 664,725.48 0 .15% -3,099.43
5.000% 10/01/2018 DD 10/01/03
SEC ID: 31402WT40
FNMA POOL #0740748 100.8410 708,091.840 717,164.26 714,046.89 0 .16% -3,117.37
5.000% 10/01/2018 DD 11/01/03
SEC ID: 31402W5H7
FNMA POOL #0743868 100,8112 34,284.970 34,724.24 34,563.09 0 .01% -161.15
5.000% 11/01/2018 DD 10/01/03
SEC ID: 31403BMR1
FNMA POOL #0744008 100.8620 912,125.490 923,812.10 919,988.01 0 .21% -3,824.09
5.000% 07/01/2018 DD 09/01/03
SEC ID: 31403BR54
FNMA POOL #0744316 100.8112 143,565.730 145,405.17 144,730.33 0 .03% -674.84
5.000% 09/01/2018 DD 09/01/03
SEC ID: 31403B324
FNMA POOL #0747914 100,8280 293,472,150 297,232.27 295,902.10 0 .07% -1,330.17
5.000% 11/01/2018 DD 11/01/03
SEC ID: 31403F3X0
FNMA POOL #0748400 100,8112 177,145.570 179,415.25 178,582.56 0,04% -832.69
5.000% 08/01/2018 DD 09/01/03
SEC ID: 31403GNR9
FNMA POOL #0748899 100.8112 864,466.670 875,542.65 871,479.16 0.20% -4,063.49
5.000% 12/01/2018 DD 11/01/03
SEC ID: 31403G7L0
FNMA POOL #0750377 100.8112 1,943,268.540 1,968,166.66 1,959,032.20 0.44% -9,134.46
5.000% 11/01/2018 DD 11/01/03
SEC ID: 31403JUA2
FNMA POOL #0750380 100.8112 1,680,021.510 1,701,546.81 1,693,649.73 0.38% -7,897.08
5.000% 11/01/2018 DD 11/01/03
SEC ID : 31403JUD6
FNMA POOL #0750445 100.8112 164,644.230 166,753.74 165,979.81 0.04% -773.93
5.000% 11/01/2018 DD 11/01/03
SEC ID: 31403JWE2
FNMA POOL #0751960 100.8112 735,572.900 744,997.44 741,539.82 0.17% -3,457.62
5.000% 12/01/2018 DD 11/01/03
SEC ID: 31403LMH1
FNMA POOL #0753425 100.8210 775,923.130 784,894.73 782,293.46 0.18% -2,601.27
5.000% 11/01/2018 DD 11/01/03
SEC ID: 31403NA23
3/8/2005 9:14:04AM PST 7 Workbench
@ Mellon
OCSD-CONSOUDATED-OCSGOO0l00OO
Description
FNMA POOL #0755165
5.000% 12/01/2018 DD 11/01/03
SEC ID : 31403Q6A3
FNMA POOL #0756372
5.000% 11/01/2018 DD 11/01/03
SEC ID: 31403SJR8
FNMA POOL #0784251
5.000% 11/01/2019 DD 11/01/04
SEC ID: 31405BH46
FNMA POOL #0789670
5.000% 12/01/2019 DD 12/01/04
SEC ID: 31405HJP4
FNMA POOL #0792432
5.000% 10/01/2019 DD 10/01/04
SEC ID: 3 l 405LLM9
FNMA POOL #0794195
5.000% 11/01/2019 DD 11/01/04
SEC ID: 31405NKG9
FNMA POOL #0797160
5.000% 12/01/2019 DD 12/01/04
SEC ID: 31405RTR7
FNMA POOL #0797408
5.000% 12/01/2019 DD 12/01/04
SEC ID: 31405R3R5
FNMA POOL #0797414
5.000% 12/01/2019 DD 12/01/04
SEC ID: 31405R3X2
FNMA POOL #0803923
5.000% 12/01/2019 DD 12/01/04
SEC ID: 31406AD41
FNMA POOL #0807711
5.000% 01/01/2020 DD 01/01/05
SEC ID: 31406EKY9
FORD MOTOR CR CO NT
6.750% 05/15/2005 DD 05/24/93
SEC ID: 345397GV9
GNMA POOL #0421389
6.500% 04/15/2026 DD 04/01/96
SEC ID: 36206UC23
GNMA POOL #0449851
6.500% 01/15/2028 DD 01/01/98
SEC ID: 36208FWLO
3/8/2005 9:14:04AM PST
Price
Base
100.8210
100.8210
100.7810
100.7810
100.7820
100.7810
100.7810
100.7810
100.7810
100.7810
100.7810
100.6400
105.2780
104.9875
Asset Detail
by Currency
2/28/2005
Shares Par
571,622.070
889,000.550
3,128,104.180
894,436.150
871,497.870
902,821.180
3,163,763.630
835,837.550
920,047.550
3,079,553.660
3,105,165.090
1,000,000.000
8,897.840
12,065.300
8
Cost
Base
578,945.98
899,279.61
3,170,626.85
906,594.89
883,344.80
915,093.91
3,206,771.03
847,199.72
932,554.44
3,121,416.35
3,147,375.92
965,170.00
9,338.57
12,662.91
ReportID: GL8013
Base Currency: USD
Alternate Base Currency:
Exchange Rate:
Status: FINAL
Net Unrealized
Market Value % or Gain/Loss
Base Total ·~ -Base
576,315.09 0.13% -2,630.89
896,299.24 0.20% -2,980.37
3,152,534.67 0.72% -18,092.18
901,421.70 0.20% -5,173.19
878,312.98 0.20% -5,031.82
909,872.21 0.21% -5,221.70
3,188,472.62 0.72% -18,298.41
842,365.44 0.19% -4,834.28
927,233.12 0.21% -5,321.32
3,103,604.97 0.70% -17,811.38
3,129,416.43 0.71% -17,959.49
1,006,400.00 0.23% 41,230.00
9,367.47 0.00% 28.90
12,667.06 0.00% 4.15
Workbench
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOUDATED-OCSGOOOlOOOO 2/28/2005 Status: FINAL
Net Unrealized
Price !,, Cost ·~ .,, Market Value %of Gain/Loss Description ' . Base Shares Par Base Base Total Base ~
GNMA POOL #0466845 105.1510 32,618.660 34,234.31 34,298.85 0.01% 64.54
6.500% 06/15/2028 DD 06/01/98
SEC ID: 36209BTA6
GNMA POOL #0468052 105.1460 110,448.630 115,919.28 116,132.32 0.03% 213.04
6.500% 07/15/2028 DD 07 /01/98
SEC ID: 36209C5M4
GNMA POOL #0476041 105.1510 136,765.440 143,325.92 143,810.23 0.03% 484.31
6.500% 06/15/2028 DD 06/01/98
SEC ID: 36209MZE7
GNMA POOL #0478626 105.1180 120,255.390 126,023.89 126,410.06 0 .03% 386.17
6.500% 01/15/2029 DD 01/01/99
SEC ID: 36209QVT9
GNMA POOL #0480598 105.1290 28,695.900 30,072.40 30,167.71 0.01% 95.31
6.500% 10/15/2028 DD 10/01/98
SEC ID: 36209S3F6
GNMA POOL #0512235 105.0640 8,366.770 8,781.18 8,790.46 0.00% 9.28
6.500% 11/15/2029 DD 11/01/99
SEC ID: 36211GBC6
GNMA POOL #0514326 105.0860 91,956.650 96,367.69 96,633.57 0.02% 265.88
6.500% 07/15/2029 DD 07 /01/99
SEC ID: 36211JLF2
GNMA II POOL #0080023 101.7640 154,432.860 156,990.65 157,157.06 0.04% 166.41
VAR RT 12/20/2026 DD 12/01/96
SEC ID: 36225CAZ9
GNMA II POOL #080088M 100.3610 193,958.460 198,201.30 194,658.65 0.04% -3,542.65
7.375% 06/20/2027 DD 06/01/97
SEC ID: 36225CC20
GNMA II POOL #0080395 100.1760 169,010.250 167,478.59 169,307.71 0.04% 1,829.12
VAR RT 04/20/2030 DD 04/01/00
SEC ID: 36225CNM4
GNMA II POOL #080408X 100.1660 1,538,544.970 1,522,919.12 1,541,098.95 0.35% 18,179.83
VAR RT 05/20/2030 DD 05/01/00
SEC ID: 36225CN28
GNMA II POOL #0080965 99.8440 1,328,458.680 1,327,628.38 1,326,386.28 0.30% -1,242.10
VAR RT 07/20/2034 DD 07 /01/04
SEC ID: 36225DCB8
GENERAL ELEC CAP MTN #TR 00526 100.0000 8,500,000.000 8,505,004.00 8,500,000.00 1.93% -5,004.00
VAR RT 03/15/2005 DD 03/20/02
SEC ID: 36962GXX7
GOLDMAN SACHS GRP MTN 100.1870 3,500,000.000 3,507,850.50 3,506,545.00 0 .80% -1,305.50
#TR00194
VAR RT 10/27/2006 DD 10/29/03
SEC ID: 38141E.JB6
3/8/2005 9:14:04AM PST 9 Workbench
@ Asset Detail Report ID: GL8013
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOUDATED -OCSGOO0 10000 2/28/2005 Status: FINAL
Net Unrealized
Price -Cost Market Value %of Gain/Loss 1, Description Base Shares Par Base Base ' Total Base
GOLDMAN SACHS GRP MTN 100.5000 800,000.000 800,000.00 804,000.00 0.18% 4,000.00
#TR00207
VAR RT 07/23/2009 DD 07 /23/04
SEC ID: 38141EJQ3
GOLDMAN SACHS MTN# TR 00216 99.9680 3,500,000.000 3,500,000.00 3,498,880.00 0.79% -1,120.00
VAR RT 08/01/2006 DD 02/01/05
SEC ID: 38141EJZ3
GNMA GTD REMIC TR 2000-9 FH 100.7200 470,390.590 470,390.59 473,777.40 0.11% 3,386.81
VAR RT 02/16/2030
SEC ID: 3837H4NX9
MORGAN STANLEY NT 98.2650 3,200,000.000 3,149,248.00 3,144,480.00 0.71% -4,768.00
3.875% 01/15/2009 DD 01/13/04
SEC ID: 61746BAL0
NORWEST FINL INC NT 100.7810 150,000.000 153,084.00 151,171.50 0.03% -1,912.50
7.600% 05/03/2005 DD 05/03/00
SEC ID: 669383DX6
RESIDENTIAL ASSET 03-RSl 1 AIIB 100.0640 572,962.330 572,962.33 573,329.03 0.13% 366.70
VAR RT 12/25/2033 DD 12/30/03
SEC ID: 760985K83
SBA GTD DEV PARTN 2001-20C 1 106.4900 2,985,923.500 2,985,923.50 3,179,709.94 0.72% 193,786.44
6.340% 03/01/2021
SEC ID: 83162CW0
SBA GTD PARTN CTFS SBIC-PS 01 105.6100 1,782,321.970 1,782,321.97 1,882,310.23 0.43% 99,988.26
6.640% 02/10/2011 DD 02/21/01
SEC ID: 831641DD4
UNITED AIRLS PASSTHRU 0 1-1 C 8.5330 1,600,000.000 1,600,000.00 136,528.00 0.03% -1,463,472.00
6.831% 03/01/2010 DD 08/22/01
SEC ID: 90931 7BC2
US TREASURY NOTES 105.0940 20,000,000.000 22,620,312.50 21,018,800.00 4.77% -1,601,512.50
06.250% 02/15/2007 DD 02/ 15/97
SEC ID: 9128272J0
US TREASURY INFLATION INDEX NT 105.1250 16,817,920.000 14,909,433.02 17,679,838.40 4.01% 2,770,405.38
3.375% 01/15/2007 DD 01/ 15/97
SEC ID: 9128272M3
US TREASURY INFLATION INDEX NT 107.9375 3,534,240.000 3,842,216.96 3,814,770.30 0.87% -27,446.66
3.625% 01/15/2008 DD 01/ 15/98
SEC ID: 9128273T7
US TREASURY INFLATION INDEX NT 110.9065 15,086,760.000 16,704,119.02 16,732,197.48 3.80% 28,078.46
3.875% 01/15/2009 DD 01/ 15/99
SEC ID: 9128274Y5
U S TREASURY NOTES 101.8440 3,900,000.000 4,288,149.14 3,971,916.00 0.90% -316,233.14
05.750% 11/15/2005 DD 11/15/00
SEC ID: 9128276N7
3/8/2005 9:14:04AM PST 10 Workbench
@ Asset Detail Report ID: GL8013.
Mellon Base Currency: USD
by Currency Alternate Base Currency:
Exchange Rate:
OCSD-CONSOUDATED -OCSGOO0l00OO 2/28/2005 Status: FINAL
Net Unrealized
Price ,, t .,. Cost Market Value %of Gain/Loss
Description , ·~ Base Shares Par Base Base Total r Base • 'J
U S TREASURY NOTES 98.2900 17,600,000.000 17,405,000.00 17,299,040.00 3.93% -105,960.00
3.375% 12/15/2008 DD 12/15/03
SEC ID: 912828BT6
U S TREASURY NOTES 99.1800 27,500,000.000 27,463,468.63 27,274,500.00 6.19% -188,968.63
2.750% 06/30/2006 DD 06/30/04
SEC ID: 912828CM0
U S TREASURY NOTES 99.0800 49,000,000.000 49,103,927.41 48,549,200.00 11.02% -554, 727.41
2.750% 07/31/2006 DD 07 /31/04
SEC ID: 912828CQ1
U S TREASURY NOTES 98.4400 55,300,000.000 55,048,031.25 54,437,320.00 12.36% -610,711.25
2.375% 08/31/2006 DD 08/31/04
SEC ID: 912828CU2
U S TREASURY NOTES 98.9200 20,800,000.000 20,640,268.90 20,575,360.00 4.67% -64,908.90
2.875% 11/30/2006 DD 11/30/04
SEC ID: 912828DD9
U S TREASURY NOTES 97.8700 14,000,000.000 13,880,251.70 13,701,800.00 3.11% -178,451.70
3.500% 12/15/2009 DD 12/15/04
SEC ID: 912828DE7
VIRGINIA ELEC & PWR 0 1 SER A 102.0930 1,750,000.000 1,743,840.00 1,786,627.50 0.41% 42,787.50
5.750% 03/31/2006 DD 03/27 /01
SEC ID: 927804ENO -
TOTAL FIXED INCOME SECURITIES 362,379,170.690 365,773,274.24 363,548,829.40 82.54% -2,224,444.84
TOTAL ASSETS U.S. DOLLAR 443,142,232.010 442,650,058.07 440,439,968.23 100.00% -2,210,089.84
TOTAL ASSETS -BASE: 443,142,232.010 442,650,058.07 440,439,968.23 100.00% -2,210,089.84
3/8/2005 9: 14:04AM PST 11 Workbench
® Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOUDATED -OCSGOO0 10000 2/1/2005 -2/28/2005 Status: FINAL
Trade Date " I' ' ,,
Cost ,;' Amount Net Gain/Loss Tran Settle Date Base Price ~ -. ' .,
" Type Description I. Reported Date Shares/Par
.
Base Base Base ',, . • ·' '
PURCHASES
CASH & CASH EQUIVALENTS
U.S. DOLLAR
B FEDERAL HOME LN BK CONS DISC N MAT 2/15/2005 99.9930 7,300,000.000 7,299,486.97 -7,299,486.97 0.00
02/16/2005 2/15/2005 SEC ID: 313385BY 1 2/15/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07522202: LONG TERM OPER-PIMCO
B FEDERAL HOME LN BK CONS DISC N MAT 2/18/2005 99.9737 1,400,000.000 1,399,631.33 -1,399,631.33 0.00
02/22/2005 2/18/2005 SEC ID: 313385CE4 2/18/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102 : LIQUID OPER-PIMCO
B FEDERAL HOME LN BK CONS DISC MAT 2/22/2005 99.9933 1,400,000.000 1,399,906.67 -1,399,906.67 0.00
02/23/2005 2/22/2005 SEC ID: 313385CF1 2/22/2005 BROKER: BANC OF AMERICA SEC LLC, SAN
FRANCISCO
OCSF07511102: LIQUID OPER-PIMCO
B FEDERAL HOME LN BK CONS DISC MAT 2/24/2005 99.9932 1,400,000.000 1,399,904.33 -1,399,904.33 0.00
02/25/2005 2/24/2005 SEC ID: 313385CH7 2/24/2005 BROKER: BANC OF AMERICA SEC LLC, SAN
FRANCISCO
OCSF07511102: LIQUID OPER-PIMCO
B FEDERAL HOME LN BK CONS DISC N MAT 2/25/2005 99.9793 1,400,000.000 1,399,710.67 -1,399,710.67 0.00
02/28/2005 2/25/2005 SEC ID: 313385CL8 2/25/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B FEDERAL HOME LN BK CONS DISC N MAT 2/4/2005 99.8087 2,000,000.000 1,996,173.33 -1,996,173.33 0.00
03/04/2005 2/4/2005
SEC ID: 313385CQ7 2/4/2005 BROKER: MERRILL LYNCH PIERCE FENNER
SMITH INC NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 1
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOL!DATEDJil!I2 ::J 6DOO'JOO•DO 2/1/2005 -2/28/2005 Status: FINAL
. Trade Date ,, -........... I ,. •· • .. I .•
n ' ..1 :• ":'"' . . Net Gain/Loss Tran ' '·~-Settle Date Base Price ~-r, \,, /~"'-.. Cost ·1 • Amount i,, r1 • ,. !
Type Description l"-IJ., Reported Date • '1 '\f -Base .. Base Base -. Shares/Par ? t. ~., .. . I: " ' .
B FEDERAL HOME LN MTG CORP DISC MAT 2/11/2005 99.3559 2,000,000.000 1,987,117.78 -1,987,117.78 0.00
05/10/2005 2/11/2005 SEC ID: 313397FK2 2/11/2005 BROKER: BARCLAYS CAPITAL INC, NEW YORK
OCSF07511102: LIQUID OPER-PIMCO
B FEDERAL HOME LN MTG CORP DISC MAT 2/17/2005 99.3374 2,000,000.000 1,986,748.89 -1,986,748.89 0.00
02/17/2005 2/17/2005 SEC ID: 313397FS5 2/17/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07511102 : LIQUID OPER-PIMCO
B FEDERAL HOME LN MTG CORP DISC MAT 2/28/2005 99.2922 1,587,000.000 1,575,767.57 -1,575,767.57 0.00
05/31/2005 3/1/2005 SEC ID: 313397GGO 2/28/2005 BROKER: MORGAN STANLEY & CO INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B FEDERAL NATL MTG ASSN DISCOUNT MAT 2/8/2005 99.9933 1,200,000.000 1,199,919.67 -1, 199,919.67 0.00
02/09/2005 2/8/2005 SEC ID: 313589BR3 2/8/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PJMCO
B FEDERAL NATL MTG ASSN DISCOUNT MAT 2/2/2005 99.3377 700,000.000 695,364.06 -695,364.06 0.00
05/04/2005 2/2/2005
SEC ID: 313589FDO 2/2/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07522202: LONG TERM OPER-PIMCO
B FEDERAL NATL MTG ASSN DISCOUNT MAT 2/10/2005 99.3400 1,800,000.000 1,788,120.00 -1,788,120.00 0.00
05/11/2005 2/10/2005
SEC ID: 313589FL2 2/10/2005 BROKER: CHASE SECURITIES, NEW YORK
OCSF07511102: LIQUID OPER-PIMCO
B FEDERAL NATL MTG ASSN DISCOUNT MAT 2/11/2005 99.3473 2,000,000.000 1,986,946.67 -1,986,946.67 0.00
05/11/2005 2/11/2005 SEC ID: 313589FL2 2/11/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF0751 l 102: LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 2
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCS D--CONSOLI DATE DJITI2 :J 60 ••J •DCJO• 2/1/2005 -2/28/2005 Status: FINAL
-Trade Date ... , . ' r I;
Tran Settle Date Base Price Cost rr, " Amount ", Net Gain/Loss
" ,: ,, "• Type Description -Reported Date · Shares/Par >J •.t • Base ". Base Base ,, ,. ' " . r .
B FEDERAL NATL MTG ASSN DISCOUNT MAT 2/15/2005 99.1052 10,100,000.000 10,009,621.83 -10,009,621.83 0.00
06/13/2005 2/15/2005 SEC ID: 313589GV9 2/15/2005 BROKER: CHASE SECURITIES, NEW YORK
OCSF07522202: LONG TERM OPER-PIMCO
B FEDERAL NATL MTG ASSN DISCOUNT MAT 2/17/2005 98.7866 9 ,000,000.000 8,890,796.25 -8,890, 796.25 0.00
07/20/2005 2/17/2005 SEC ID: 313589JJ3 2/17/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF0752 2202: LONG TERM OPER-PIMCO
B WELLS FARGO BANK NA INSTL C/D 2.520% 2/16/2005 100.0000 1,300,000.000 1,300,000.00 -1,300,000.00 0.00
03/18/2005 DD 02/ 18/05 2/18/2005 SEC ID: 9497P 1U80 2/16/2005 BROKER: WELLS FARGO BROKERAGE SVCS
LLC, MINNEAP
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 1 REPO REPO 02.350% 2/1/2005 100.0000 11,700,000.000 11,700,000.00 -11,700,000.00 0.00
02/02/2005 DD 02/01 /05 2/1/2005
SEC ID: 99431A280 2/1/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 1 REPO REPO 02.300% 2/2/2005 100.0000 13,300,000.000 13,300,000.00 -13,300,000.00 0.00
02/03/2005 DD 02/02/05 2/2/2005 SEC ID: 99431B684 2/2/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102 : LIQUID OPER-PIMCO
B LEHMAN CAT 1 REPO REPO 02.380% 2/3/2005 100.0000 13,300,000.000 13,300,000.00 -13,300,000.00 0.00
02/04/2005 DD 02/03/05 2/3/2005
SEC ID: 994310102 2/3/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.370% 02/07/2005 DD 2/4/2005 100.0000 11,300,000.000 11,300,000.00 -11,300,000.00 0.00
02/ 04/05 2/4/2005
SEC ID: 99431 E555 2/4/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102 : LIQUID OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 3
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE D'ffl2 :J 6000•00:JDD 2/1/2005 -2/28/2005 Status: FINAL
~ Trade Date --1• -I .. .. . ,~ . ' . ~ '-.r _. ' ;_ . , " Tran ~-,, Settle Date Base Price t. -'.:.... ~ • Cost Amount Net Gain/Loss . ' ; • .1_ .,-~ ·.• Type Description J . Reported Date Shares/Par Base Base Base _. ·,_<-' . . •. • -· ,. -. ~ -
B LEHMAN CAT 2 REPO 02.420% 02/08/2005 DD 2/7/2005 100.0000 9,800,000.000 9,800,000.00 -9,800,000.00 0.00
02/07/05 2/7/2005 SEC ID: 99431Gll3 2/7/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.390% 02/09/2005 DD 2/8/2005 100.0000 8,000,000.000 8,000,000.00 -8,000,000.00 0.00
02/08/05 2/8/2005 SEC ID: 99431H269 2/8/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B CREDIT SUISSE Im REPO 02.375% 02/09/2005 2/8/2005 100.0000 6,600,000.000 6,600,000.00 -6,600,000.00 0.00
OD 02/08/05 2/8/2005 SEC ID: 99431H392 2/8/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
B CREDIT SUlSSE FB REPO 02.420% 02/10/2005 2/9/2005 100.0000 6,500,000.000 6,500,000.00 -6,500,000.00 0.00
DD 02/09/05 2/9/2005 SEC ID: 99431J992 2/9/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.450%02/ 10/2005 DD 2/9/2005 100.0000 8,000,000.000 8,000,000.00 -8,000,000.00 0.00
02/09/05 2/9/2005 SEC ID: 99431K023 2/9/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B CREDIT SUISSE FB REPO 02.420% 02/11/2005 2/10/2005 100.0000 6,000,000.000 6,000,000.00 -6,000,000.00 0.00
DD 02{10/05 2/10/2005
SEC ID: 99431Ll46 2/10/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 1 REPO REPO 02.440% 2/10/2005 100.0000 8,000,000.000 8,000,000.00 -8,000,000.00 0.00
02/11/2005 DD 02/ 10/05 2/10/2005 SEC ID: 99431L310 2/10/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 4
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJID:2 • 60 •mm•••• 2/1/2005 -2/28/2005 Status: FINAL
,. ' Trade Date _...,. •,. ••I, l f!"~ ...
,. ' -j
I' .. ... ,(~ ' Net Gain/Loss Tran l• f ' Cost -Amount J; Settle Date Base Price . ". . ..
" . ,· Type Description f.' ' ·.t' ' Reported Date Shares/Par :. ,_4-~l . Base • • L\] ~ Base Base ~ I ~ II < l' ' . .. ~-
B LEHMAN CAT 1 REPO REPO 02.470% 2/11/2005 100.0000 10,000,000.000 10,000,000.00 -10,000,000.00 0.00
02/14/2005 DD 02/ 11 /05 2/11/2005 SEC ID: 99431M888 2/11/2005 BROKER: LEHMAN aovr SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.490% 02/15/2005 DD 2/14/2005 100.0000 10,000,000.000 10,000,000.00 -10,000,000.00 0.00
02/ 14/05 2/14/2005 SEC ID: 99431P279 2/14/2005 BROKER: LEHMAN aovr SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B CREDIT SUISSE FB REPO 02.500% 02/16/2005 2/15/2005 100.0000 11,300,000.000 11,300,000.00 -11,300,000.00 0.00
DD 02/15/05 2/15/2005
SEC ID: 99431 Q608 2/15/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
B CREDIT SUISSE FB REPO 02.400% 02/17/2005 2/16/2005 100.0000 7,600,000.000 7,600,000.00 -7,600,000.00 0.00
DD 02/ 16/05 2/16/2005 SEC ID: 99431 R887 2/16/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
B CREDIT SUISSE FB REPO 02.440% 02/17/2005 2/16/2005 100.0000 11,300,000.000 11,300,000.00 -11,300,000.00 0.00
DD 02/ 16/05 2/16/2005 SEC ID: 99431 R952 2/16/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
B CREDIT SUISSE FB REPO 02.460% 02/18/2005 2/17/2005 100.0000 9,600,000.000 9,600,000.00 -9,600,000.00 0.00
DD 02/17/05 2/17/2005 SEC ID: 99431S653 2/17/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 5
@ Transaction Detail ReportID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATED[J[][][2• 60 •••••••• 2/1/2005 -2/28/2005 Status: FINAL
. Trade Date . I ,~ I .!I [.ii Lio. I •• • ('I .
Tran Settle Date Base Price •,r. Cost ' .. Amount Net Gain/Loss . '
Type Description Reported Date Shares/Par ~ -l 'I._. Base Base Base .. ·~ ' f ,, ,. .
"
B LEHMAN CAT 1 REPO REPO 02.410% 2/18/2005 100.0000 13,000,000.000 13,000,000.00 -13,000,000.00 0.00
02/22/2005 DD 02/ 18 /OS 2/18/2005 SEC ID: 99431 U997 2/18/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.440% 02/23/2005 DD 2/22/2005 100.0000 13,000,000.000 13,000,000.00 -13,000,000.00 0.00
02/22/05 2/22/2005 SEC ID: 99431 W068 2/22/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF0751 l102: LIQUID OPER-PIMCO
B CREDIT SUISSE FB REPO 02.480%02/24/2005 2/23/2005 100.0000 14,400,000.000 14,400,000.00 -14,400,000.00 0.00
DD 02/23/05 2/23/2005 SEC ID: 99431X827 2/23/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102 : LIQUID OPER-PIMCO
B LEHMAN CAT 1 REPO REPO 02.540% 2/24/2005 100.0000 13,000,000.000 13,000,000.00 -13,000,000.00 0.00
02/25/2005 DD 02/24 /05 2/24/2005
SEC ID: 994312475 2/24/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.520% 02/28/2005 DD 2/25/2005 100.0000 13,000,000.000 13,000,000.00 -13,000,000.00 0.00
02/25/05 2/25/2005 SEC ID: 994328089 2/25/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B LEHMAN CAT 2 REPO 02.550% 03/01/2005 DD 2/28/2005 100.0000 13,000,000.000 13,000,000.00 -13,000,000.00 0.00
02/28/05 2/28/2005
SEC ID: 99432C236 2/28/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
B DREYFUS TREASURY CASH MGMT 2/1/2005 1.0000 820.000 820.00 -820.00 0.00
SEC ID: 996085247 2/1/2005 OCSF07511102: LIQUID OPER-PIMCO 2/1/2005
3/8/2005 9: l 6:40AM PST Workbench
* Actual Settle Date 6
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDJillI:2 0 60 o•O•D:JOO 2/1/2005 -2/28/2005 Status: FINAL
.. ' Trade Date t -.1 : .,
i .,
Tran -r'.'-_ .,. Cost Amount Net Gain/Loss I ·• ., Settle Date Base Price . J
-1:
Type Description ·~ Reported Date Shares/Par .· ,: ·. · · .. •, Base ,. _, >~ .. J ... Base Base ., -. '
B DREYFUS TREASURY CASH MGMT 2/2/2005 1.0000 763.750 763.75 -763.75 0.00
SEC ID: 996085247 2/2/2005 OCSF07511102: LIQUID OPER-PIMCO 2/2/2005
B DREYFUS TREASURY CASH MGMT 2/3/2005 1.0000 2,224.510 2,224.51 -2,224.51 0.00
SEC ID: 996085247 2/3/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/3/2005
B DREYFUS TREASURY CASH MGMT 2/3/2005 1.0000 4,616.030 4,616.03 -4,616.03 0.00
SEC ID: 996085247 2/3/2005 OCSF07511102: LIQUID OPER-PIMCO 2/3/2005
B DREYFUS TREASURY CASH MGMT 2/4/2005 1.0000 4,705.950 4,705.95 -4,705.95 0.00
SEC ID: 996085247 2/4/2005 OCSF07511102: LIQUID OPER-PIMCO 2/4/2005
B DREYFUS TREASURY CASH MGMT 2/7/2005 1.0000 2,231.750 2,231.75 -2,231.75 0.00
SEC ID: 996085247 2/7/2005
OCSF07511102: LIQUID OPER-PIMCO 2/7/2005
B DREYFUS TREASURY CASH MGMT 2/8/2005 1.0000 739.110 739.11 -739.11 0.00
SEC ID: 996085247 2/8/2005 OCSF07511102: LIQUID OPER-PIMCO 2/8/2005
B DREYFUS TREASURY CASH MGMT 2/9/2005 1.0000 1,300,966.530 1,300,966.53 -1,300,966.53 0.00
SEC ID: 996085247 2/9/2005
OCSF07511102: LIQUID OPER-PIMCO 2/9/2005
B DREYFUS TREASURY CASH MGMT 2/10/2005 1.0000 206,171.640 206,171.64 -206,171.64 0.00
SEC ID: 996085247 2/10/2005
OCSF07522202: LONG TERM OPER-PIMCO 2/10/2005
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 7
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE 0[]]][2 0 6• o•O••::J •• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date ...
C ., ., •. .t.. Ill ~
Tran : ,, 1 }" Settle Date Base Price _I "I~ Cost . ,. -Amount Net Gain/Loss
Type Description Reported Date Shares/Par .. Base .. Base Base -I . • ' 1u 'rf . --> .. . ['
B DREYFUS TREASURY CASH MGMT 2/11/2005 1.0000 26,881.100 26,881.10 -26,881.10 0.00
SEC ID: 996085247 2/11/2005 OCSF07511102: LIQUID OPER-PIMCO 2/11/2005
B DREYFUS TREASURY CASH MGMT 2/14/2005 1.0000 2,058.330 2,058.33 -2,058.33 0.00
SEC ID: 996085247 2/14/2005 OCSF0751 ll02: LIQUID OPER-PIMCO 2/14/2005
B DREYFUS TREASURY CASH MGMT 2/15/2005 1.0000 2,526.840 2,526.84 -2,526.84 0.00
SEC ID: 996085247 2/15/2005 OCSF0751 l 102: LIQUID OPER-PIMCO 2/15/2005
B DREYFUS TREASURY CASH MGMT 2/15/2005 1.0000 1,470,499.490 1,470,499.49 -1,470,499.49 0.00
SEC ID: 996085247 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005
B DREYFUS TREASURY CASH MGMT 2/16/2005 1.0000 784.720 784.72 -784.72 0.00
SEC ID: 996085247 2/16/2005 OCSF0751 l 102: LIQUID OPER-PIMCO 2/16/2005
B DREYFUS TREASURY CASH MGMT 2/17/2005 1.0000 14,353.000 14,353.00 -14,353.00 0.00
SEC ID: 996085247 2/17/2005
OCSF07511102: LIQUID OPER-PIMCO 2/17/2005
B DREYFUS TREASURY CASH MGMT 2/18/2005 1.0000 12,901,024.670 12,901,024.67 -12,901,024.67 0.00
SEC ID: 996085247 2/18/2005
OCSF07511102: LIQUID OPER-PIMCO 2/18/2005
B DREYFUS TREASURY CASH MGMT 2/22/2005 1.0000 67,931.170 67,931.17 -67,931.17 0.00
SEC ID: 996085247 2/22/2005
OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 8
.
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE D[]J]][.2 J 6• •••••••• 2/1/2005 -2/28/2005 Status: FINAL
,. Trade Date ..
.
Tran . •, Cost Amount ··· Net Gain/Loss I' Settle Date Base Price
Type Description ,. · , Reported Date Shares/Par ,. Base .,· Base Base " ~
B DREYFUS TREASURY CASH MGMT 2/23/2005 1.0000 881.110 881.11 -881.11 0.00
SEC ID: 996085247 2/23/2005 OCSF07511102: LIQUID OPER-PIMCO 2/23/2005
B DREYFUS TREASURY CASH MGMT 2/24/2005 1.0000 1,087.670 1,087.67 -1,087.67 0.00
SEC ID: 996085247 2/24/2005 OCSF07511102: LIQUID OPER-PIMCO 2/24/2005
B DREYFUS TREASURY CASH MGMT 2/25/2005 1.0000 1,206.550 1,206.55 -1,206.55 0.00
SEC ID: 996085247 2/25/2005 OCSF07511 l02: LIQUID OPER-PIMCO 2/25/2005
B DREYFUS TREASURY CASH MGMT 2/25/2005 1.0000 611,509.340 611,509.34 -611,509.34 0.00
SEC ID: 996085247 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005
B DREYFUS TREASURY CASH MGMT 2/28/2005 1.0000 1,396,937.780 1,396,937.78 -1,396,937.78 0.00
SEC ID: 996085247 2/28/2005
OCSF07511102: LIQUID OPER-PIMCO 2/28/2005
B DREYFUS TREASURY CASH MGMT 2/28/2005 1.0000 39,352.780 39,352.78 -39,352.78 0.00
SEC ID: 996085247 2/28/2005
OCSF07522202: LONG TERM OPER -PlMCO 2/28/2005
B BSDT-LATE MONEY DEPOSIT ACCT 2/2/2005 1.0000 3,766.310 3,766.31 -3,766.31 0.00
SEC ID: 996087094 2/2/2005
OCSF07511102: LIQUID OPER-PIMCO 2/2/2005
B BSDT-LATE MONEY DEPOSIT ACCT 2/2/2005 1.0000 2,224.510 2,224.51 -2,224.51 0.00
SEC ID: 996087094 2/2/2005
OCSF07522202: LONG TERM OPER-PIMCO 2/2/2005
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 9
@ Mellon
OCSD-CONSOLIDATEDilllI2 'J 6 0 00'.:J •••••
Transaction Detail
Reported by Transaction Category
2/1/2005 -2/28/2005
Tran
Trade Date
Settle Date
Reported Date
Base Price
Type Description
TOTAL CASH & CASH EQUIVALENTS U.S. DOLLAR:
TOTAL CASH & CASH EQUIVALENTS BASE:
FIXED INCOME SECURITIES
U.S. DOLLAR
BC COMMIT TO PUR FNMA SF MTG 5.000%
02/01/2020 DD 02/01 /05
B
B
B
B
SEC ID: 01F050429
BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
COMMIT TO PUR FNMA SF MTG 5.000%
02/01/2020 DD 02/01 /05
SEC ID: 01F050429
BROKER: BARCLAYS CAPITAL INC, NEW YORK
OCSF07522202: LONG TERM OPER-PIMCO
COMMIT TO PUR FNMA SF MTG 5.500%
03/01/2035 DD 03/01 /05
SEC ID: 01F052631
BROKER: LEHMAN GOVT SECS INC, NY
OCSF07522202: LONG TERM OPER-PIMCO
COMMIT TO PUR FNMA SF MTG 5.500%
03/01/2035 DD 03/01 /05
SEC ID: 01F052631
BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-P!MCO
BANK AMER NA TRANCHE #TR00255 VAR RT
08/08/2005 DD 02/07 /05
SEC ID: 06050VLQ8
BROKER: BANC OF AMERICA SEC LLC, SAN
FRANCISCO
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST
* Actual Settle Date
1/11/2005
2/15/2005
2/1/2005
1/12/2005
2/15/2005
2/1/2005
2/8/2005
3/14/2005
2/8/2005
2/8/2005
3/14/2005
2/8/2005
2/3/2005
2/7/2005
2/3/2005
101.3594
101.4531
101.7969
101.8203
100.0000
10
Shares/Par
306,353,264.640
306,353,264.640
-22,000,000.000
500,000.000
1,000,000.000
3,000,000.000
1,500,000.000
Cost
Base
306,081,480.66
306,081,480.66
-22,299,062.50
507,265.62
1,017,968.75
3,054,609.37
1,500,000.00
ReportID: EWBA09
Base Currency: USD
Status: FINAL
Amount
Base
-306,081,480.66
-306,081,480.66
22,299,062.50
-507,265.62
-1,017,968.75
-3,054,609.37
-1,500,000.00
Net Gain/Loss
Base
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Workbench
.
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE D::Klrn2 O 60 DDCJDO:JO• 2/1/2005-2/28/2005 Status: FINAL
·-Trade Date .... . "
.. ~ r ... ' ' '
Tran ' ~ -; l Cost Amount Net Gain/Loss .. , Settle Date Base Price --:,~ . . r~ ·-C I .
Type Description • l Reported Date Shares/Par Base ~ . Base Base • '..fJ I'• -
I , ~ri"" . .I. • +,, ,.,.
B FNMA POOL #0725530 5.000% 06/01/2019 1/11/2005 101.3594 999,900.810 1,013,493.21 -1,013,493.21 0.00
DD 05/01/04 2/15/2005 SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL#0725530 5.000%06/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 05/01/04 2/15/2005 SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0725530 5.000% 06/01/2019 1/11/2005 101.3594 999,900.810 1,013,493.21 -1,013,493.21 0.00
DD 05/01/04 2/15/2005 SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL#0725530 5.000%06/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 05/01/04 2/15/2005
SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0725530 5.000% 06/01/2019 1/11/2005 101.3594 97,078.920 98,398.58 -98,398.58 0.00
DD 05/01/04 2/15/2005
SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0725530 5.000%06/01/2019 1/11/2005 101.3594 0.000 0.00 -188.76 0.00
DD 05/01/04 2/15/2005 SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0725530 5.000% 06/01/2019 1/11/2005 101.3594 999,900.810 1,013,493,21 -1,013,493.21 0.00
DD 05/01/04 2/15/2005
SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 11
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCS D-CONSOLIDATEDJ]J[2 J 60 DDJDO:J•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date --' -~ 0,
Tran -., Cost Amount Net Gain/Loss ... Settle Date Base Price ., , Ii ll
Type Description .~ • .,..f. -Reported Date Shares/Par
•. Base Base Base .-[ :
,: ' ' I• .. --,::
1B FNMA POOL #0725530 5.000% 06/01/2019 1/11/2005 101.3594 0 .000 0.00 -1,944.25 0.00
DD 05/01/04 2/15/2005 SEC ID: 31402DA75 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
8 FNMA POOL #0740457 5.000% 10/01/2018 1/11/2005 101.3594 999,900.000 1,013,492.39 -1,013,492.39 0.00
DD 10/01/03 2/15/2005 SEC ID: 31402WTN8 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0740457 5.000% 10/01/2018 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 10/01/03 2/15/2005 SEC ID: 31402WTN8 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
8 FNMA POOL #0740457 5.000% 10/01/2018 1/11/2005 101.3594 999,900.000 1,013,492.39 -1,013,492.39 0.00
DD 10/01/03 2/15/2005 SEC ID: 31402WTN8 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0740457 5.000% 10/01/2018 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 10/01/03 2/15/2005
SEC ID: 31402WTN8 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
8 FNMA POOL#0784251 5.000% 11/01/2019 1/11/2005 101.3594 999,900.580 1,013,492.98 -1,013,492.98 0.00
DD 11/01/04 2/15/2005
SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0784251 5.000% 11/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 11 /01/04 2/15/2005
SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 12
.
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDJ[][[2 • 60 •••••••• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date "·. ~-
• I
Tran Settle Date Base Price . '· Cost Amount Net Gain/Loss : ~
" ~ J Type Description ' ,· Reported Date Shares/Par --r .. Base " Base Base . n .. J .. -
B FNMA POOL #0784251 5.000% 11/01/2019 1/11/2005 101.3594 128,402.440 130,147.91 -130,147.91 0.00
DD 11/01/04 2/15/2005 SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
1B FNMA POOL #0784251 5.000% 11/01/2019 1/11/2005 101.3594 0 .000 0.00 -249.67 0.00
DD 11/01/04 2/15/2005 SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL#0784251 5.000% 11/01/2019 1/11/2005 101.3594 999,900.580 1,013,492.98 -1,013,492.98 0.00
DD 11/01/04 2/15/2005
SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
1B FNMA POOL #0784251 5.000% 11/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 11/01/04 2/15/2005 SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0784251 5.000% 11/01/2019 1/11/2005 101.3594 999,900.580 1,013,492.98 -1,013,492.98 0.00
DD 11/01/04 2/15/2005
SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
1B FNMA POOL #0784251 5.000% 11/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 11/01/04 2/15/2005
SEC ID: 31405BH46 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0789670 5.000% 12/01/2019 1/11/2005 101.3594 894,436.150 906,594.89 -906,594.89 0.00
DD 12/01/04 2/15/2005
SEC ID: 31405HJP4 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 13
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE D:::rnr2 0 60 o•=ioo o•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date ~~-. ~
'' .-..~:. ' Net Gain/Loss Tran Settle Date Base Price I• -Cost Amount
Type Description Reported Date Shares/Par <"'" -Base Base r Base ; . .
1B FNMA POOL #0789670 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,739.18 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405HJP4 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0792432 5.000% 10/01/2019 1/11/2005 101.3594 871,497.870 883,344.80 -883,344.80 0.00
DD 10/01/04 2/15/2005 SEC ID: 31405LLM9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONGTERM OPER-PIMCO
1B FNMA POOL #0792432 5.000% 10/01/2019 1/11/2005 101.3594 0.000 0.00 -1,694.58 0.00
DD 10/01/04 2/15/2005 SEC ID: 31405LLM9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL#0794195 5.000% 11/01/2019 1/11/2005 101.3594 902,821.180 915,093.91 -915,093.91 0.00
DD 11/01/04 2/15/2005
SEC ID: 31405NKG9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
1B FNMA POOL#0794195 5.000% 11/01/2019 1/11/2005 101.3594 0.000 0.00 -1,755.49 0.00
DD 11 /01/04 2/15/2005
SEC ID: 31405NKG9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0797160 5.000% 12/01/2019 1/11/2005 101.3594 999,900.260 1,013,492.65 -1,013,492.65 0.00
DD 12/01/04 2/15/2005
SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202 : LONG TERM OPER-PIMCO
1B FNMA POOL#0797160 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 12/01/04 2/15/2005
SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202 : LONG TERM OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 14
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDJDill2 J 60 ••J ••u•• 2/1/2005 -2/28/2005 Status: FINAL
.. ,., Trade Date --
-': .I, ~ :
. ' ..
Tran Settle Date Base Price 'I. Cost •1 ' Amount Net Gain/Loss
Type Description --' ,, :.;; J.. (; -Base Reported Date Shares/Par ., Base ' Base , -,,; -,
"· ~-. • -..
B FNMA POOL #0797160 5.000% 12/01/2019 1/11/2005 101.3594 999,900.260 1,013,492.65 -1,013,492.65 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL#0797160 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0797160 5.000% 12/01/2019 1/11/2005 101.3594 999,900.260 1,013,492.65 -1,013,492.65 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0797160 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0797160 5.000% 12/01/2019 1/11/2005 101.3594 164,062.850 166,293.08 -166,293.08 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0797160 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -319.01 0.00
DD 12/01/04 2/15/2005
SEC ID: 31405RTR7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0797408 5.000% 12/01/2019 1/11/2005 101.3594 835,837.550 847,199.72 -84 7,199.72 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405R3R5 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 15
@ Transaction Detail ReportID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCS D-CONSOLIDATE DJ[][][2 CJ 60 OD CJ ••u•• 2/1/2005 -2/28/2005 Status: FINAL
I .. Trade Date ,,;=.:; •I •·•, ' . • I •
Tran ,. ,, ,-,. Cost ''Amount · Net Gain/Loss ,· T Settle Date Base Price ,-..
Type Description .. . ' .. ' . .. :.~ '~ ·: . Reported Date Shares/Par . Base Base -v .... Base
IB FNMA POOL #0797408 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,625.24 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405R3R5 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0797414 5.000% 12/01/2019 1/11/2005 101.3594 920,047.550 932,554.44 -932,554.44 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405R3X2 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0797414 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,788.98 0.00
DD 12/01/04 2/15/2005 SEC ID: 31405R3X2 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0803923 5.000% 12/01/2019 1/11/2005 101.3594 999,900.370 1,013,492.77 -1,013,492.77 0.00
DD 12/01/04 2/15/2005
SEC ID: 31406AD4 l 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0803923 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 12/01/04 2/15/2005
SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0803923 5.000% 12/01/2019 1/11/2005 101.3594 999,900.370 1,013,492.77 -1,013,492.77 0.00
DD 12/01/04 2/15/2005
SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0803923 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 12/01/04 2/15/2005
SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 16
.
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOL[DATEDJIH2:J 6•••:m•::m• 2/1/2005 -2/28/2005 Status: FINAL
. Trade Date ll .
Tran .. . Cost Amount Net Gain/Loss .. •, Settle Date Base Price •'! .1! ... .. . -. [ i..t Type Description ·,, ' t:,1· Reported Date Shares/Par ' ~ r Base Base Base -· I -
B FNMA POOL#0803923 5.000% 12/01/2019 1/11/2005 101.3594 999,900.370 1,013,492.77 -1,013,492.77 0.00
DD 12/01/04 2/15/2005 SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL#0803923 5.000% 12/01/2019 1/11/2005 101.3594 0,000 0.00 -1,944.25 0.00
DD 12/01/04 2/15/2005 SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL#0803923 5.000% 12/01/2019 1/11/2005 101.3594 79,852.550 80,938.04 -80,938.04 0.00
DD 12/01/04 2/15/2005 SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PlMCO
IB FNMA POOL #0803923 5.000% 12/01/2019 1/11/2005 101.3594 0.000 0.00 -155.27 0.00
DD 12/01/04 2/15/2005
SEC ID: 31406AD41 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202 : LONG TERM OPER-PIMCO
B FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 999,900.180 1,013,492.57 -1,013,492.57 0.00
DD 01/01/05 2/15/2005
SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 01/01/05 2/15/2005 SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202 : LONG TERM OPER-PIMCO
B FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 999,900.180 1,013,492.57 -1,013,492.57 0.00
DD 01 /01/05 2/15/2005 SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202 : LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 17
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDOIJ!l[2 ::J 60 DD::J ••DDD 2/1/2005 -2/28/2005 Status: FINAL
,ii· Trade Date e ~i. . -.
Tran ' C • 1· ··, r: Cost '" Amount -Net Gain/Loss . -Settle Date Base Price -. -· .
I -,: ', Type Description ·, ; , ~:fr ' ; Reported Date Shares/Par i,-~ .. .. ~· Base . Base Base .. _,
IB FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 01/01/05 2/15/2005 SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 999,900.180 1,013,492.57 -1,013,492.57 0.00
DD 01 /01/05 2/15/2005 SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 0.000 0.00 -1,944.25 0.00
DD 01/01/05 2/15/2005 SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 105,464.550 106,898.21 -106,898.21 0.00
DD 01/01/05 2/15/2005
SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IB FNMA POOL #0807711 5.000% 01/01/2020 1/11/2005 101.3594 0.000 0.00 -205.07 0.00
DD 01/01/05 2/15/2005 SEC ID: 31406EKY9 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
B US TREASURY NOTES 2.875% 11/30/2006 DD 2/14/2005 99.2321 20,800,000.000 20,640,268.90 -20,640,268.90 0 .00
11/30/04 2/28/2005 SEC ID: 912828DD9 2/14/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
1B US TREASURY NOTES 2.875% 11/30/2006 DD 2/14/2005 99.2321 0 .000 0.00 -147,857.14 0.00
11/30/04 2/28/2005
SEC ID: 912828DD9 2/14/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 18
.
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJDill2 J 6 0 •DJ•lTJ•• 2/1/2005 -2/28/2005 Status: FINAL
, Trade Date ,·
Tran . -Settle Date Base Price ' Cost ' Amount Net Gain/Loss , ' . ·" .. -Type Description -· Reported Date Shares/Par ~J ._ Base < Base Base -_. -.;. r 1 I
B US TREASURY NOTES 3.500% 12/15/2009 DD 2/14/2005 99.1447 14,000,000.000 13,880,251.70 -13,880,251.70 0.00
12/ 15/04 2/28/2005 SEC ID: 912828DE7 2/14/2005 BROKER: CREDIT SUIS_SE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
IB US TREASURY NOTES 3.500% 12/15/2009 DD 2/14/2005 99.1447 0.000 0.00 -100,961.54 0.00
12/ 15/04 2/28/2005 SEC ID: 912828DE7 2/14/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
TOTAL FIXED INCOME SECURITIES U.S. DOLLAR: 40,797,808.210 40,598,142.74 -40,889,734.92 0.00
TOTAL FIXED INCOME SECURITIES BASE: 40,797,808.210 40,598,142.74 -40,889,734.92 0.00
TOTAL PURCHASES BASE: 347,151,072.850 346,679,623.40 -346,971,215.58 0.00
SALES
CASH & CASH EQUIVALENTS
U.S. DOLLAR
s FEDERAL HOME LN BK CONS DISC MAT 2/1/2005 98.9394 -800,000.000 -791,515.33 791,515.33 0.00
06/13/2005 2/1/2005
SEC ID: 313397GV7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IS FEDERAL HOME LN BK CONS DISC MAT 2/1/2005 98.9394 0.000 0.00 828.67 0.00
06/13/2005 2/1/2005
SEC ID: 313397GV7 2/1/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 19
@ Transaction Detail ReportID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATED'J[][[2 !J 60 ••!J••'J•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date .,. ~ Cost Amount Net Gain/Loss Tran Settle Date Base Price r.
i Type Description . Reported Date Shares/Par Base ,,•l' Base Base . ' ,, .. . ~, .. . ~, r " •• l . .,
s FEDERAL NATL MTG ASSN DISCOUNT MAT 2/1/2005 99.3788 -1,100,000.000 -1,093,086.75 1,093,166.25 79.50
04/06/2005 2/1/2005 SEC ID: 313589DZ3 2/1/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
IS FEDERAL NATL MTG ASSN DISCOUNT MAT 2/1/2005 99.3788 0.000 0.00 2,238.19 0.00
04/06/2005 2/1/2005 SEC ID: 313589DZ3 2/1/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
s FEDERAL NATL MTG ASSN DISCOUNT MAT 2/28/2005 99.3377 -700,000.000 -695,364.06 695,364.06 0.00
05/04/2005 2/28/2005 SEC ID: 313589FDO 2/28/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
IS FEDERAL NATL MTG ASSN DISCOUNT MAT 2/28/2005 99.3377 0.000 0.00 1,248.72 0.00
05/04/2005 2/28/2005 SEC ID: 313589FDO 2/28/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
s FEDERAL NATL MTG ASSN DISCOUNT MAT 2/28/2005 99.1052 -10,100,000.000 -10,009,621.83 10,009,621.83 0.00
06/13/2005 2/28/2005 SEC ID: 313589GV9 2/28/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202 : LONG TERM OPER-PIMCO
IS FEDERAL NATL MTG ASSN DISCOUNT MAT 2/28/2005 99.1052 0.000 0.00 7,011.09 0.00
06/13/2005 2/28/2005 SEC ID: 313589GV9 2/28/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
s FEDERAL NATL MTG ASSN DISCOUNT MAT 2/28/2005 98.7866 -9,000,000.000 -8,890,796.25 8,890,796.25 0.00
07/20/2005 2/28/2005
SEC ID: 313589JJ3 2/28/2005 BROKER: MERRILL LYNCH PIERCE FENNER
SMITH INC NY
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 20
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DO!llli2 J 60 D•JDOJOD 2/1/2005 -2/28/2005 Status: FINAL
., Trade Date ,I ;ii..;;" II ,,.._ ' ll l ·;, ; -J Tran 1' • Settle Date Base Price ,,1 .. ' Cost .. Amount Net Gain/Loss
" ..
Type Description Reported Date Shares/Par . I~ '" Base Base Base ' ., -·--
IS FEDERAL NATL MTG ASSN DISCOUNT MAT 2/28/2005 98.7866 0.000 0.00 6,253.75 0.00
07/20/2005 2/28/2005 SEC JD: 313589JJ3 2/28/2005 BROKER: MERRILL LYNCH PIERCE FENNER
SMITH INC NY
OCSF07522202: LONGTERM OPER-PIMCO
s GENERAL ELEC CAP DISC 02/04/2005 2/1/2005 99.3200 -500,000.000 -496,600.00 496,600.00 0.00
SEC ID: 36959HP43 2/1/2005 BROKER: MORGAN STANLEY & CO INC, NY 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO
IS GENERALELECCAPDISC 02/04/2005 2/1/2005 99.3200 0.000 0.00 3,297.92 0.00
SEC JD: 36959HP43 2/1/2005 BROKER: MORGAN STANLEY & CO INC, NY 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO
s US TREASURY BILL DUE 07/21/2005 DD 2/1/2005 98.7181 -100,000.000 -98,718.15 98,718.15 0.00
01/20/2005 2/1/2005 SEC ID: 912795VH1 2/1/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202 : LONG TERM OPER-PIMCO
IS US TREASURY BILL DUE 07/21/2005 DD 2/1/2005 98.7181 0.000 0.00 25.98 0.00
01/20/2005 2/1/2005
SEC ID: 912795VH1 2/1/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
s US TREASURY BILL DUE 07/21/2005 DD 2/28/2005 98.7181 -14,700,000.000 -14,511,568.46 14,511,568.05 -0.41
01/20/2005 2/28/2005
SEC ID: 912795VH1 2/28/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
IS US TREASURY BILL DUE 07/21/2005 DD 2/28/2005 98.7181 0.000 0.00 23,446.30 0.00
01/20/2005 2/28/2005
SEC ID: 912795VH1 2/28/2005 BROKER: UBS SECURITIES LLC, STAMFORD
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 21
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
ocs D-CONSOLI DATE DJil!I2 '.J 60 oo::m•ooo 2/1/2005 -2/28/2005 Status: FINAL
,· Trade Date " ..
i-l,·1 .•
Tran . I ., Cost '' Amount .. , Net Gain/Loss .. Settle Date Base Price . tll~ .. ~ ":!; ·1 ,,. I
Type Description · ·. ·: · _ J· -,~ Reported Date Shares/Par Base .4,11: Base Base ~ .
J ~ '.Ir, • . ..
s LEHMAN CAT 2 REPO 02.460% 02/01/2005 DD 2/1/2005 100.0000 -12,000,000.000 -12,000,000.00 12,000,000.00 0.00
01/31/05 2/1/2005 SEC ID: 99430Y594 2/1/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 2 REPO 02.460% 02/01/2005 DD 2/1/2005 100.0000 0.000 0.00 820.00 0.00
01/ 31/05 2/1/2005 SEC ID: 99430Y594 2/1/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.350% 2/2/2005 100.0000 -11,700,000.000 -11, 700,000.00 11,700,000.00 0.00
02/02/2005 DD 02/01 /05 2/2/2005 SEC ID: 99431A280 2/2/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 1 REPO REPO 02.350% 2/2/2005 100.0000 0.000 0.00 763.75 0.00
02/02/2005 DD 02/01 /05 2/2/2005 SEC ID: 99431A280 2/2/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.300% 2/3/2005 100.0000 -13,300,000.000 -13,300,000.00 13,300,000.00 0.00
02/03/2005 DD 02/02 /OS 2/3/2005 SEC ID: 994318684 2/3/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 1 REPO REPO 02.300% 2/3/2005 100.0000 0.000 0.00 849.72 0.00
02/03/2005 DD 02/02/05 2/3/2005 SEC ID: 994318684 2/3/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.380% 2/4/2005 100.0000 -13,300,000.000 -13,300,000.00 13,300,000.00 0.00
02/04/2005 DD 02/03 /05 2/4/2005
SEC ID: 994310102 2/4/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9: l 6:40AM PST Workbench
* Actual Settle Date 22
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATED[]][[2 J 6 0 ODDDDJD• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date . . -. ,. .. ' ' ·a .
Tran ' Cost Amount Net Gain/Loss Settle Date Base Price -1 .• ~
Type Description
, 1.-. '. Reported Date Shares/Par ' Base -,. Base Base .. ... , . u, . .
IS LEHMAN CAT 1 REPO REPO 02.380% 2/4/2005 100.0000 0.000 0.00 879.28 0.00
02/04/2005 DD 02/03 /05 2/4/2005 SEC ID: 994310102 2/4/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 2 REPO 02.370% 02/07/2005 DD 2/7/2005 100.0000 -11,300,000.000 -11,300,000.00 11,300,000.00 0.00
02/04/05 2/7/2005
SEC ID: 99431E555
BROKER: LEHMAN GOV!' SECS INC, NY 2 /7/2005
OCSF07511102: LIQUID OPER-PIMCO
JS LEHMAN CAT 2 REPO 02.370% 02/07/2005 DD 2/7/2005 100.0000 0.000 0.00 2,231.75 0.00
02/04/05 2/7/2005 SEC ID: 99431E555 2/7/2005 BRO:KER: LEHMAN GOV!' SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 2 REPO 02.420% 02/08/2005 DD 2/8/2005 100.0000 -9 ,800,000.000 -9,800,000.00 9,800,000.00 0.00
02/07/05 2/8/2005
SEC ID: 994310113 2/8/2005 BROKER: LEHMAN GOV!' SECS INC, NY
OCSF07511102 : LIQUID OPER-PIMCO
IS LEHMAN CAT 2 REPO 02.420% 02/08/2005 DD 2/8/2005 100.0000 0.000 0.00 658.78 0.00
02/07/05 2/8/2005 SEC ID: 994310113 2/8/2005 BROKER: LEHMAN GOV!' SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 2 REPO 02.390% 02/09/2005 DD 2/9/2005 100.0000 -8,000,000.000 -8,000,000.00 8,000,000.00 0.00
02/08/05 2/9/2005
SEC ID: 99431H269 2/9/2005 BROKER: LEHMAN GOV!' SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 2 REPO 02.390% 02/09/2005 DD 2/9/2005 100.0000 0.000 0.00 531.11 0.00
02/08/05 2/9/2005
SEC ID: 99431H269 2/9/2005 BROKER: LEHMAN GOV!' SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 23
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCS D-CONSOLIDATE DDlllli:2 'J 60 OD'JO•'J•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date -· • ~. ,J ..
Tran . ' ... . ' .. ,,. Cost -· Amount Net Gain/Loss Settle Date Base Price •· r-, ' , .
Type Description Shares/Par •-.. Base Base ,. Base .. " Reported Date .. -::: ,, .. ..
s CREDIT SUISSE FB REPO 02.375%02/09/2005 2/9/2005 100.0000 -6,600,000.000 -6,600,000.00 6,600,000.00 0.00
DD 02/08/05 2/9/2005 SEC ID: 99431H392 2/9/2005 BROKER: CREDlT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
IS CREDIT SUlSSE FB REPO 02.375%02 /09/2005 2/9/2005 100.0000 0.000 0.00 435.42 0.00
DD 02/08/05 2/9/2005 SEC ID: 99131H392 2/9/2005 BROKER: CREDIT SUISSE FrRST BOSTON
CORP, NY
OCSF07511102 : LIQUID OPER-PIMCO
s CREDIT SUISSE FB REPO 02.420% 02/10/2005 2/10/2005 100.0000 -6,500,000.000 -6,500,000.00 6,500,000.00 0.00
DD 02/09/05 2/10/2005 SEC ID: 99431J992 2/10/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-P!MCO
IS CREDIT SUISSE FB REPO 02.420% 02/10/2005 2/10/2005 100.0000 0.000 0.00 436.94 0.00
DD 02/09/05 2/10/2005 SEC ID: 99431J992 2/10/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-P!MCO
s LEHMAN CAT 2 REPO 02.450% 02/10/2005 DD 2/10/2005 100.0000 -8,000,000.000 -8,000,000.00 8,000,000.00 0.00
02/09/05 2/10/2005
SEC ID: 99431K023 2/10/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 2 REPO 02.450% 02/10/2005 DD 2/10/2005 100.0000 0.000 0.00 544.44 0.00
02/09/05 2/10/2005 SEC ID: 99431K023 2/10/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102 : LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 24
@ Transaction Detail ReportID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATED:::m2 J 60 ••::JD•J •• 2/1/2005 -2/28/2005 Status: FINAL
I' Trade Date ,. --" ..
Tran ~ ,, Cost ' Amount Net Gain/Loss Settle Date Base Price .,
Type Description · Reported Date Shares/Par Base Base ' Base . ~ ...... . . .
s CREDIT SUISSE FB REPO 02.420% 02/11/2005 2/11/2005 100.0000 -6,000,000.000 -6,000,000.00 6,000,000.00 0.00
DD 02/10/05 2/11/2005 SEC ID: 994311146 2/11/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
IS CREDIT SUISSE FB REPO 02.420% 02/11/2005 2/11/2005 100.0000 0.000 0.00 403.33 0.00
DD 02/10/05 2/11/2005 SEC ID: 99431L146 2/11/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.440% 2/11/2005 100.0000 -8,000,000.000 -8,000,000.00 8,000,000.00 0.00
02/11/2005 DD 02/10/05 2/11/2005 SEC ID: 99431L310 2/11/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 1 REPO REPO 02.440% 2/11/2005 100.0000 0.000 0.00 542.22 0.00
02/11/2005 DD 02/ 10 /05 2/11/2005 SEC ID: 99431L310 2/11/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.470% 2/14/2005 100.0000 -10,000,000.000 -10,000,000.00 10,000,000.00 0.00
02/14/2005 DD 02/ 11 /05 2/14/2005 SEC ID: 99431M888 2/14/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 1 REPO REPO 02.470% 2/14/2005 100.0000 0.000 0.00 2,058.33 0.00
02/14/2005 DD 02/11/05 2/14/2005
SEC ID: 99431M888 2/14/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 2 REPO 02.490% 02/15/2005 DD 2/15/2005 100.0000 -10,000,000.000 -10,000,000.00 10,000,000.00 0.00
02/ 14/05 2/15/2005
SEC io: 99431?279 2/15/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 25
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJIIT2 • 60 ••••DODD 2/1/2005 -2/28/2005 Status: FINAL
Trade Date .. . 1 . .
Tran .:1 Cost . Amount , Net Gain/Loss -' .. ' Settle Date Base Price •· ,:; . .. -· ' Type Description
. . .
•• i"' ,; ;r ,i -Reported Date Shares/Par · f".· ; r_! Base Base Base ,, . ..
IS LEHMAN CAT 2 REPO 02.490% 02/15/2005 DD 2/15/2005 100.0000 0.000 0.00 691.67 0.00
02/14/05 2/15/2005 SEC fD: 99431P279 2/15/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s CREDIT SUISSE FB REPO 02.500% 02/16/2005 2/16/2005 100.0000 -11,300,000.000 -11,300,000.00 11,300,000.00 0.00
DD 02/15/05 2/16/2005 SEC.ID: 99431Q608 2/16/2005 BROKER; CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
IS CREDIT SUISSE FB REPO 02.500%02/ 16/2005 2/16/2005 100.0000 0.000 0.00 784.72 0.00
DD 02/15/05 2/16/2005
SEC ID: 99431 Q608 2/16/2005 BROKER; CREDIT SUJSSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
s CREDIT SUISSE FB REPO 02.400%02/ 17 /2005 2/17/2005 100.0000 -7,600,000.000 -7,600,000.00 7,600,000.00 0.00
DD 02/16/05 2/17/2005
SEC ID: 99431R887 2/17/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
IS CREDIT SUISSE FB REPO 02.400% 02 /17/2005 2/17/2005 100.0000 0.000 0.00 506.67 0.00
DD 02/16/05 2/17/2005
SEC lD: 99431R887 2/17/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONGTERM OPER-PIMCO
s CREDIT SUISSE FB REPO 02.440% 02/17/2005 2/17/2005 100.0000 -11,300,000.000 -11,300,000.00 11,300,000.00 0.00
DD 02 /16/05 2/17/2005
SEC lD: 99431R952 2/17/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Wor-kbench
* Actual Settle Date 26
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCS D-CO NS O LI DATE DJIID2 0 60 ••000000 2/1/2005 -2/28/2005 Status: FINAL
' Trade Date " -. •. . -I .. •·1. 1 ·~ f ::-
.,
Tran Cost ' ,. Amount Net Gain/Loss Settle Date Base Price " .
Type Description "l I,_ Reported Date Shares/Par • Base ., Base e Base
IS CREDIT SUISSE FB REPO 02.440%02/17 /2005 2/17/2005 100.0000 0.000 0.00 765.89 0.00
DD 02/16/05 2/17/2005 SEC ID: 9943lR952 2/17/2005 BROKE:R: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
s CREDIT SUISSE FB REPO 02.460% 02/18/2005 2/18/2005 100.0000 -9,600,000.000 -9,600,000.00 9,600,000.00 0.00
DD02/17/05 2/18/2005 SEC ID: 99431S653 2/18/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
IS CREDIT SUISSE FB REPO 02.460% 02/18/2005 2/18/2005 100.0000 0.000 0.00 656.00 0.00
DD02/17/05 2/18/2005
SEC ID: 99431S653 2/18/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.410% 2/22/2005 100.0000 -13,000,000.000 -13,000,000.00 13,000,000.00 0.00
02/22/2005 DD 02/18/05 2/22/2005 SEC ID: 99431 U997 2/22/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 1 REPO REPO 02.410% 2/22/2005 100.0000 0.000 0.00 3,481.11 0.00
02/22/2005 DD 02/ 18 /05 2/22/2005 SEC ID: 994310997 2/22/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 2 REPO 02.440% 02/23/2005 DD 2/23/2005 100.0000 -13,000,000.000 -13,000,000.00 13,000,000.00 0.00
02/22/05 2/23/2005
SEC ID: 99431 W068 2/23/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 2 REPO 02.440% 02/23/2005 DD 2/23/2005 100.0000 0.000 0.00 881.11 0.00
02/22/05 2/23/2005
SEC ID: 99431 W068 2/23/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 27
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCS D-CONSOLI DATE DJIIDC2 J 60 ••J ••J DO 2/1/2005 -2/28/2005 Status: FINAL
-.. ·:. ~ ' j : ! Trade Date -.. '. . ' l-.. r1 l ~I i._ .... t ' J• . .
Tran
,. ' ! ,.1. -~. ' .' .. :• •• •. t_ :~ . Cost Amount ···· Net Gain/Loss -Settle Date Base Price --., fC'' ,,
Type Description Reported Date Shares/Par ll -• Base Base Base -
s CREDIT SUISSE FB REPO 02.480% 02/24/2005 2/24/2005 100.0000 -14,400,000.000 -14,400,000.00 14,400,000.00 0.00
DD 02/23/05 2/24/2005 SEC ID: 99431X827 2/24/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF0751 l 102 : LIQUID OPER-PIMCO
IS CREDIT SUISSE FB REPO 02.480% 02/24/2005 2/24/2005 100.0000 0.000 0.00 992.00 0.00
DD 02/23/05 2/24/2005 SEC ID: 99431X827 2/24/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 1 REPO REPO 02.540% 2/25/2005 100.0000 -13,000,000.000 -13,000,000.00 13,000,000.00 0.00
02/25/2005 DD 02/24 /05 2/25/2005 SEC ID: 994312475 2/25/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102 : LIQUID OPER-PIMCO
IS LEHMAN CAT 1 REPO REPO 02.540% 2/25/2005 100.0000 0.000 0.00 917.22 0.00
02/25/2005 DD 02/24 /05 2/25/2005
SEC ID: 994312475 2/25/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s LEHMAN CAT 2 REPO 02.520% 02/28/2005 DD 2/28/2005 100.0000 -13,000,000.000 -13,000,000.00 13,000,000.00 0.00
02/25/05 2/28/2005
SEC ID: 99432B089 2/28/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
IS LEHMAN CAT 2 REPO 02.520% 02/28/2005 DD 2/28/2005 100.0000 0.000 0.00 2,730.00 0.00
02/25/05 2/28/2005
SEC ID: 994328089 2/28/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07511102: LIQUID OPER-PIMCO
s DREYFUS TREASURY CASH MGMT 2/1/2005 1.0000 -1,013,609.510 -1,013,609.51 1,013,609.51 0.00
SEC ID: 996085247 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/1/2005
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 28
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DODil!:2 J 60 ••::moo•• 2/1/2005 -2/28/2005 Status: FINAL
' Trade Date '. --:· Jo ,_. .
Tran -,' . ':...... Cost Amount · Net Gain/Loss Settle Date Base Price C . 1:., ~ . ~· Type Description Reported Date Shares/Par . ~ Base Base Base .
s DREYFUS TREA'>URY CASH MGMT 2/2/2005 1.0000 -673,368.060 -673,368.06 673,368.06 0.00
SEC ID: 996085247 2/2/2005 OCSF07522202: LONG TERM OPER-P!MCO 2/2/2005
s DREYFUS TREA'>URY CASH MGMT 2/10/2005 1.0000 -1,287,138.620 -1,287,138.62 1,287,138.62 0.00
SEC ID: 996085247 2/10/2005 OCSF07511102 : LIQUID OPER-PIMCO 2/10/2005
s DREYFUS TREA'>URY CASH MGMT 2/16/2005 1.0000 -284,565.200 -284,565.20 284,565.20 0.00
SEC JD : 996085247 2/16/2005 OCSF07522202: LONG TERM OPER-PJMCO 2/16/2005
s DREYFUS TREA'>URY CASH MGMT 2/17/2005 1.0000 -1,290,289.580 -1,290,289.58 1,290,289.58 0.00
SEC ID: 996085247 2/17/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/17/2005
s DREYFUS TREA'>URY CASH MGMT 2/22/2005 1.0000 -12,996,425.560 -12,996,425.56 12,996,425.56 0.00
SEC ID: 996085247 2/22/2005
OCSF07511102: LIQUID OPER-PIMCO 2/22/2005
s BSDT-LATE MONEY DEPOSIT ACCT 2/3/2005 1.0000 -2,224.510 -2,224.51 2,224.51 0.00
SEC ID: 996087094 2/3/2005
OCSF07522202: LONG TERM OPER-PIMCO 2/3/2005
s BSDT-LATE MONEY DEPOSIT ACCT 2/3/2005 1.0000 -3,766.310 -3,766.31 3,766.31 0.00
SEC JD: 996087094 2/3/2005
OCSF07511102: LIQUID OPER-PIMCO 2/3/2005
TOTAL CASH & CASH EQUIVALENTS U.S. DOLLAR: -295,251,387.350 -294,838,658.18 294,906,649.35 79.09
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 29
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJ[][][2CJ 60 •DDO•CJ•D 2/1/2005 -2/28/2005 Status: FINAL
Trade Date ,, ,,
Tran . .. , Cost Amount Net Gain/Loss •., Settle Date Base Price , '· I' · '· . '• )t'
Type Description
. " Reported Date Shares/Par ~ -/+; --~ •. Base -Base Base . ~
TOTAL CASH & CASH EQUIVALENTS BASE: -295,251,387.350 -294,838,658.18 294,906,649.35 79.09
FIXED INCOME SECURITIES
U.S. DOLLAR
s COMMIT TO PUR FNMA SF MTG 5 .000% 2/11/2005 101.7578 -500,000.000 -507,265.62 508,789.06 1,523.44
02/01/2020 DD 02/01 /05 2/15/2005 SEC ID: 01F050429 2/11/2005 OCSF07522202: LONG TERM OPER-PIMCO
s COMMIT TO PUR FNMA SF MTG 5.500% 2/8/2005 102.0820 -1,000,000.000 -1,011,943.36 1,020,820.31 8,876.95
02/01/2035 DD 02/01 /05 2/10/2005
SEC ID: 01F052623 2/8/2005 BROKER: LEHMAN GOVT SECS INC, NY
OCSF07522202: LONG TERM OPER-PIMCO
s COMMIT TO PUR FNMA SF MTG 5.500% 2/8/2005 102.1016 -3,000,000.000 -3,035,830.07 3,063,046.87 27,216.80
02/01/2035 DD 02/01 /05 2/10/2005
SEC ID: 01F052623 2/8/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
s US TREASURY NOTES 2.875% 11/30/2006 DD 2/14/2005 99.2500 -20,800,000.000 -20,717,574.59 20,644,000.00 -73,574.59
11/30/04 2/15/2005
SEC ID: 912828DD9 2/14/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF07522202: LONG TERM OPER-PIMCO
IS US TREASURY NOTES 2.875% 11/30/2006 DD 2/14/2005 99.2500 0.000 0.00 126,500.00 0.00
11/ 30/04 2/15/2005
SEC ID: 912828DD9 2/14/2005 BROKER: GOLDMAN SACHS & CO, NY
OCSF0752 2202: LONG TERM OPER-PIMCO
s US TREASURY NOTES 3.500% 12/15/2009 DD 2/14/2005 99.1875 -14,000,000.000 -13,870,390.17 13,886,250.00 15,859.83
12/ 15/04 2/15/2005
SEC ID: 912828DE7 2/14/2005 BRGKER: CRED1T SUISSE FIRST BOSTON
CORP, NY
OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 30
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJ!IlI2 u 60 DD•••••• 2/1/2005 -2/28/2005 Status: FINAL
. . .. ' ' . Trade Date , . 'i .. -., u, • ~ f '· .,. " ~ ' ,i ,,[, ~ . .. ', Tran .. ~ .. Cost · Amount Net Gain/Loss Settle Date Base Price .
'
Type Description ~ "1..:,. Reported Date Shares/Par -C ... t,..!. Base Base Base lJ~ -r 't1.,. . •
IS US TREASURY NOTES 3.500% 12/15/2009 DD 2/14/2005 99.1875 0.000 0.00 83,461.54 0.00
12/15/04 2/15/2005 SEC ID: 912828DE7 2/14/2005 BROKER: CREDIT SUISSE FIRST BOSTON
CORP,NY
OCSF07522202: LONG TERM OPER-PIMCO
TOTAL FIXED INCOME SECURITIES U.S. DOLLAR: -39,300,000.000 -39,143,003.81 39,332,867.78 -20,097.57
TOTAL FIXED INCOME SECURITIES BASE: -39,300,000.000 -39,143,003.81 39,332,867.78 -20,097.57
TOTAL SALES BASE: -334,551,387.350 -333,981,661.99 334,239,517.13 -20,018.48
PRINCIPAL PAYMENTS
FIXED INCOME SECURITIES
U.S. DOLLAR
PD WMP/HUNTOON PAIGE #000-11150 7.500% 2/1/2005 100.0000 -848.180 -829.76 848.18 18.42
12/01/2030 DD 10/21/99 2/1/2005
SEC ID: 302998GE3 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/28/2005 *
PDC FHLMCMULTICLASS MTG SERE3 A VAR RT 1/1/2005 100.0000 18,934.700 18,954.87 -18,934.70 20.17
08/15/2032 DD 12/01 /97 1/1/2005
SEC ID: 3133TCE95 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD FHLMC MULTICLASS MTG SER E3 A VAR RT 1/1/2005 100.0000 -18,935.250 -18,955.42 18,935.25 -20.17
08/15/2032 DD 12/01 /97 1/1/2005
SEC ID: 3133TCE95 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD FHLMC MULTICLASS MTG SER E3 A VAR RT 2/1/2005 100.0000 -17,276.450 -17,294.86 17,276.45 -18.41
08/15/2032 DD 12/01 /97 2/1/2005 SEC ID: 3133TCE95 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9:16:40AM Workbench PST
* Actual Settle Date 31
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONS OLI DATE DJllll!:2 CJ 60 ODCJO••DD 2/1/2005 -2/28/2005 Status: FINAL
' .
1: i .. Trade Date i' r' -1 -; r ~ " . ,, . I .. ~ ... Tran .. .. ,, ' Cost • Amount Net Gain/Loss Settle Date Base Price " = . ''·1: -_,. l" . ..
Type Description · 1 ,-•' -Reported Date Shares/Par 1 .• 'I Base Base Base ... t f '
PD FHLMC GROUP #78-6064 6.384% 01/01/2028 2/1/2005 100.0000 -2,287.000 -2,231.25 2,287.00 55.75
DD 12/01/97 2/1/2005 SEC ID: 31348SWZ3 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO
PD FNMA POOL #0254510 5.000% 11/01/2017 2/1/2005 100.0000 -10,190.310 -10,496.02 10,190.31 -305.71
DD 10/01/02 2/1/2005 SEC ID: 31371KVB4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0254631 5.000% 02/01/2018 2/1/2005 100.0000 -2,199.620 -2,265.61 2,199.62 -65.99
DD 01/01/03 2/1/2005 SEC ID: 31371KY47 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0254760 5.000% 06/01/2018 2/1/2005 100.0000 -2,064.430 -2,126.36 2,064.43 -61.93
DD 05/01/03 2/1/2005 SEC ID: 31371KSV9 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0254866 5.000% 09/01/2018 2/1/2005 100.0000 -789.390 -813.07 789.39 -23.68
DD 08/01/03 2/1/2005
SEC ID: 31371LCB3 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0254953 5.000% 11/01/2018 2/1/2005 100.0000 -5,247.820 -5,315.06 5,247.82 -67.24
DD 10/01/03 2/1/2005 SEC ID: 31371LE21 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0254987 5.000% 12/01/2018 2/1/2005 100.0000 -11,264.100 -11,408.42 11,264.10 -144.32
DD 11 /01/03 2/1/2005
SEC ID: 31371LF46 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL#0323980 6.000%04/01/2014 2/1/2005 100.0000 -3,855.350 -4,025.23 3,855.35 -169.88
DD 09/01/99 2/1/2005
SEC ID: 31374T2MO 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 32
-
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLJDATED::nm? J 60 ••::JD•JDD 2/1/2005 -2/28/2005 Status: FINAL
Trade Date " C • ~,~1 " . -;1.., .. ..
:;. " J .. .. --Tran . ,, ' r .•
,, Cost .. Amount Net Gain/Loss . ,, . Settle Date Base Price " •'1 .. I ·,\ Type Description I ' -Reported Date Shares/Par .. ~Jo,-. ·~ Base 111 '. Base Base <,
PD FNMA POOL #0357328 5.000% 01/01/2018 2/1/2005 100.0000 -421.520 -434.17 421.52 -12.65
DD 01/01/03 2/1/2005 SEC ID: 31376J4M8 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0357430 5.000% 09/01/2018 2/1/2005 100.0000 -20,834.220 -21,068.60 20,834.22 -234.38
DD 09/01/03 2/1/2005 SEC ID: 31376KA71 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0456482 6.000% 02/01/2014 2/1/2005 100.0000 -381.710 -398.53 381.71 -16.82
DD 02/01/99 2/1/2005 SEC ID: 31381CCT2 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL#0509649 6.000%09/01/2014 2/1/2005 100.0000 -813.460 -849.30 813.46 -35.84
DD 09/01/99 2/1/2005
SEC ID: 31383QEWO 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0535451 6.000% 06/01/2015 2/1/2005 100.0000 -2,704.820 -2,824.00 2,704.82 -119.18
DD 07 /01/00 2/1/2005
SEC ID: 31384 VZQ8 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0555363 5.000%04/01/2018 2/1/2005 100.0000 -4,264.510 -4,392.45 4,264.51 -127.94
DD 03/01/03 2/1/2005
SEC ID: 31385W5Yl 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0555453 5.000% 05/01/2018 2/1/2005 100.0000 -603.970 -611.71 603.97 -7.74
DD 04/01/03 2/1/2005
SEC ID: 31385XBW6 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0555545 5.000% 06/01/2018 2/1/2005 100.0000 -3,786.870 -3,900.48 3,786.87 -113.61
DD 05/01/03 2/1/2005
SEC ID: 31385XES2 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM Workbench PST
* Actual Settle Date 33
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJil!Il? J 6J ••JD•••• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date . -.. , . -J . ' . . ~~ . , ,,
Tran r-, ..... f .~:I'--,.. ~ ... 1 ... ~: ... -: ,-Cost Amount Net Gain/Loss . Settle Date Base Price '-~··1
~ l °"' .• • 11r, ~ • .,,.; l i .,
Type Description ~,-M• IJ .. •' . < .. .• -__ Reported Date Shares/Par Base Base Base •" . '. C .
PD FNMA POOL #0555621 5.000% 07/01/2018 2/1/2005 100.0000 -14,918.250 -15,086.08 14,918.25 -167.83
DD 06/01/03 2/1/2005 SEC ID: 31385XG68 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0681309 5.000% 02/01/2018 2/1/2005 100.0000 -4,918.630 -5,066.19 4,918.63 -147.56
DD 02/01/03 2/1/2005 SEC ID: 31391 Y3S4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0681334 5.000% 02/01/2018 2/1/2005 100.0000 -972.680 -1,001.86 972.68 -29.18
DD 01 /01/03 2/1/2005 SEC ID: 31391 Y4Tl 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA GTD REMJC P /T 02-76 PD 5.000% 2/1/2005 100.0000 -106,726.560 -108,861.09 106,726.56 -2,134.53
08/25/2022 DD 10/01 /02 2/1/2005 SEC ID: 31392FKF3 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0684908 5.000% 06/01/2018 2/1/2005 100.0000 -6,848.130 -6,935.87 6,848.13 -87.74
DD 05/01/03 2/1/2005
SEC ID: 31400D3Rl 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0685200 5.000% 03/01/2018 2/1/2005 100.0000 -1,650.940 -1,672.09 1,650.94 -21.15
DD 03/01/03 2/1/2005
SEC ID: 31400EGH7 2/1/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0685665 5.000% 02/01/2018 2/1/2005 100.0000 -620.950 -639.58 620.95 -18.63
DD 02/01/03 2/1/2005 SEC ID: 31400EW22 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0686318 5.000% 03/01/2018 2/1/2005 100.0000 -1,302.200 -1,341.27 1,302.20 -39.07
DD 03/01/03 2/1/2005
SEC ID: 31400FPB7 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 34
. Transaction Detail @ Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDJill:2 D 6• ••J ••:::J•• 2/1/2005-2/28/2005 Status: FINAL
. Trade Date ' Tran C° 1t I • • .. ' _, Cost Amount Net Gain/Loss ' -Settle Date Base Price . _,..
; '
Type Description Shares/Par Base
,.
Base Base ,.· Reported Date ti -.. :
0
PD FNMA POOL #0688739 5.000% 06/01/2018 2/1/2005 100.0000 -2,648.620 -2,728.08 2,648.62 -79.46
DD 06/01/03 2/1/2005 SEC ID: 31400JEL9 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0689859 5.000% 05/01/2018 2/1/2005 100.0000 -393.420 -398.46 393.42 -5.04
DD 05/01/03 2/1/2005 SEC ID: 31400KMG8 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0693834 5.000% 03/01/2018 2/1/2005 100.0000 -9,691.320 -9,982.06 9,691.32 -290.74
DD 03/01/03 2/1/2005 SEC ID: 31400PY74 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0695852 5.000% 05/01/2018 2/1/2005 100.0000 -2,690.630 -2,771.35 2,690.63 -80.72
DD 05/01/03 2/1/2005 SEC ID: 31400SBVO 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0695889 5.000% 05/01/2018 2/1/2005 100.0000 -4,604.890 -4,743.04 4,604.89 -138.15
DD 05/01/03 2/1/2005
SEC ID: 31400SC23 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0697026 5.000% 05/01/2018 2/1/2005 100.0000 -259.790 -267.58 259.79 -7.79
DD 04/01/03 2/1/2005
SEC ID: 31400TLF2 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0702210 5.000% 05 /01/2018 2/1/2005 100.0000 -2,138.090 -2,202.23 2,138.09 -64.14
DD 05/01/03 2/1/2005
SEC ID: 31401ADP9 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0702328 5.000% 05/01/2018 2/1/2005 100.0000 -1,705.890 -1,727.75 1,705.89 -21.86
DD 04/01/03 2/1/2005
SEC ID: 31401AHD2 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 35
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATED:m:2 D 60 •••••cl•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date ' • ~ 1, :_ t~ \. , .I .,
.,, .
Tran [) I Cost ,, Amount Net Gain/Loss . Settle Date Base Price ,, (" ..:~ .• i L .. -Type Description . Reported Date Shares/Par J ~-, Base . ~ Base Base ' ' •·: ..
" ! --··· 1
PD FNMA POOL#0709148 5.000%06/01/2018 2/1/2005 100.0000 -1,964.490 -2,023.42 1,964.49 -58.93
DD 06/01/03 2/1/2005 SEC ID: 31401HZM7 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0709360 5.000% 07/01/2018 2/1/2005 100.0000 -8,246.560 -8,352.22 8,246.56 -105.66
DD 06/01/03 2/1/2005 SEC ID: 31401JB56 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0709826 5.000% 06/01/2018 2/1/2005 100.0000 -1,055.400 -1,068.92 1,055.40 -13.52
DD 06/01/03 2/1/2005 SEC ID: 31401JSP4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0709917 5.000% 06/01/2018 2/1/2005 100.0000 -2,195.410 -2,223.54 2,195.41 -28.13
DD 06/01/03 2/1/2005 SEC ID: 31401JVJ4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0709963 5.000% 06/01/2018 2/1/2005 100.0000 -77.150 -78.14 77.15 -0.99
DD 06/01/03 2/1/2005 SEC ID: 31401JWYO 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL#0710235 5.000%06/01/2018 2/1/2005 100.0000 -13,997.720 -14,417.65 13,997.72 -419.93
DD 06/01/03 2/1/2005
SEC ID: 31401KBC8 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0713344 5.000% 06/01/2018 2/1/2005 100.0000 -625.490 -644.25 625.49 -18.76
DD 06/01/03 2/1/2005
SEC ID: 31401NP52 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0713365 5.000% 07/01/2018 2/1/2005 100.0000 -8,479.630 -8,588.28 8,479.63 -108.65
DD 07 /01/03 2/1/2005
SEC ID: 31401 NQS 1 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM Workbench PST
* Actual Settle Date 36
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJllll!2 J 60 •mm•••• 2/1/2005 -2/28/2005 Status: FINAL
. ,. 11 ' Trade Date .. r. . ""1 •• OL
. .. . ,. ~ i I ,. ~ '~ ' -( ,: t .. Tran . I Cost Amount I Net Gain/Loss Settle Date Base Price , -.
Type Description I Reported Date Shares/Par Base Base Base ~' : " r.,
~ " . ,.
PD FNMA POOL#0720319 5.000%07/01/2018 2/1/2005 100.0000 -11,051.030 -11,192.62 11,051.03 -141.59
DD 07 /01/03 2/1/2005 SEC ID: 31401WG45 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0720369 5.000% 06/01/2018 2/1/2005 100.0000 -9,887.680 -10,184.31 9,887.68 -296.63
DD 06/01/03 2/1/2005 SEC ID: 31401WJNO 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0721629 5.000% 07/01/2018 2/1/2005 100.0000 -3,793.300 -3,907.10 3,793.30 -113.80
DD 06/01/03 2/1/2005 SEC ID: 31401XVW4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0723487 5.000% 06/01/2018 2/1/2005 100.0000 -984.220 -995.29 984.22 -11.07
DD 06/01/03 2/1/2005
SEC ID: 31402AXQ4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0729601 5.000% 07/01/2018 2/1/2005 100.0000 -1,918.790 -1,943.37 1,918.79 -24.58
DD 07 /01/03 2/1/2005
SEC ID: 31402HRW3 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0732873 5.000% 11/01/2018 2/1/2005 100.0000 -136.720 -138.47 136.72 -1.75
DD 10/01/03 2/1/2005
SEC ID: 31402MFN5 2/1/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL#0737130 5.000% 10/01/2018 2/1/2005 100.0000 -3,275.630 -3,317.60 3,275.63 -41.97
DD 10/01/03 2/1/2005
SEC ID: 31402S4P9 2/1/2005
OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0738211 5.000% 10/01/2018 2/1/2005 100.0000 -5,418.940 -5,488.37 5,418.94 -69.43
DD 10/01/03 2/1/2005
SEC ID: 31402UDQ2 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM Workbench PST
* Actual Settle Date 37
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD--CONSOLIDATEDJIID!2 J 60 OOJOOJOO 2/1/2005 -2/28/2005 Status: FINAL
Trade Date . ~ ,, .
' r' • 1:, ...... ) :: r ' :,_, !!'' (" l .. } Tran -, Settle Date Base Price '~ •• J ~ /· -i Cost Amount Net Gain/Loss
Type Description 'l ~-I· .,
Reported Date Shares/Par Base I'. ; , Base ' Base .,
PD FNMA POOL #0738487 5.000% 10/01/2018 2/1/2005 100.0000 -2,022.960 -2,048.88 2,022.96 -25.92
DD 10/01/03 2/1/2005 SEC ID: 31402UNC2 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0740471 5.000% 10/01/2018 2/1/2005 100.0000 -2,865.450 -2,902.16 2,865.45 -36.71
DD 10/01/03 2/1/2005 SEC ID: 31402Wf40 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0740748 5.000% 10/01/2018 2/1/2005 100.0000 -3,722.460 -3,770.15 3,722.46 -47.69
DD 11 /01/03 2/1/2005 SEC ID: 31402W5H7 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0743868 5.000% 11/01/2018 2/1/2005 100.0000 -501.570 -508.00 501.57 -6.43
DD 10/01/03 2/1/2005
SEC ID: 31403BMR1 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0744008 5.000% 07/01/2018 2/1/2005 100.0000 -4,604.550 -4,663.55 4,604.55 -59.00
DD 09/01/03 2/1/2005
SEC ID: 31403BR54 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0744316 5.000% 09/01/2018 2/1/2005 100.0000 -1,866.470 -1,890.38 1,866.47 -23.91
DD 09/01/03 2/1/2005
SEC ID: 31403B324 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0747914 5.000% 11/01/2018 2/1/2005 100.0000 -10,568.760 -10,704.17 10,568.76 -135.41
DD 11/01/03 2/1/2005
SEC ID: 31403F3XO 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0748400 5.000% 08/01/2018 2/1/2005 100.0000 -4,841.650 -4,903.68 4,841.65 -62.03
DD 09/01/03 2/1/2005
SEC ID: 31403GNR9 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 38
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DC[]]][2 J 6D •••••••• 2/1/2005 -2/28/2005 Status: FINAL
'I" Trade Date -. l''• .. -~ -" ,: .. r ,, . I'
Tran , .. ' ' Cost Amount Net Gain/Loss . " Settle Date Base Price t. . ,, ' ~
Type Description . Reported Date Shares/Pat J
,f .
' .. Base .. , ,., Base Base
PD FNMA POOL #0748899 5.000% 12/01/2018 2/1/2005 100.0000 -27,168.740 -27,516.84 27,168.74 -348.10
DD 11 /01/03 2/1/2005 SEC ID: 314030710 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0750377 5.000% 11/01/2018 2/1/2005 100.0000 -40,649.840 -41,170.67 40,649.84 -520.83
DD 11/01/03 2/1/2005 SEC ID: 31403JUA2 2/1/2005 OCSF07522202: LONG TERM OPER -PIMCO 2/25/2005 *
PD FNMA POOL #0750380 5.000% 11/01/2018 2/1/2005 100.0000 -34,034.070 -34,470.13 34,034.07 -436.06
DD 11/01/03 2/1/2005 SEC ID: 31403JUD6 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL#0750445 5.000% 11/01/2018 2/1/2005 100.0000 -693.960 -702.85 693.96 -8.89
DD 11 /01/03 2/1/2005 SEC ID: 31403JWE2 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL#0751960 5.000% 12/01/2018 2/1/2005 100.0000 -16,608.010 -16,820.80 16,608.01 -212.79
DD 11/01/03 2/1/2005 SEC ID: 31403LMH1 2/1/2005 OCSF07522202: LONG TERM OPER-PJMCO 2/25/2005 *
PD FNMA POOL #0753425 5.000% 11/01/2018 2/1/2005 100.0000 -13,757.130 -13,916.20 13,757.13 -159.07
DD 11 /01/03 2/1/2005
SEC ID: 31403NA23 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0755165 5.000% 12 /01/2018 2/1/2005 100.0000 -2,698.060 -2,732.63 2,698.06 -34.57
DD 11/01/03 2/1/2005
SEC ID: 31403Q6A3 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
PD FNMA POOL #0756372 5.000% 11/01/2018 2/1/2005 100.0000 -4,185.810 -4,234.21 4,185.81 -48.40
DD 11 /01/03 2/1/2005
SEC ID: 31403SJR8 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 39
@ Transaction Detail ReportID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DOl]][2J 60 •••••••• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date -I'. . -. .-. . ' 't ' '. ,_ 1·
Tran ~ --. . . . ~ .. ~-Cost Amount Net Gain/Loss ,: Settle Date Base Price
Type Description Reported Date Shares/Par ,, .. Base --Base Base . ( ... -.
PD GNMA POOL #0421389 6. 500% 04/15/2026 2/1/2005 100.0000 -288.180 -302.45 288.18 -14.27
DD 04/01/96 2/1/2005 SEC ID: 36206 UC23 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL #0449851 6.500% 01/15/2028 2/1/2005 100.0000 -3,357.020 -3,523.30 3,357.02 -166.28
DD 01/01/98 2/1/2005 SEC ID: 36208FWLO 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL #0466845 6. 500% 06/15/2028 2/1/2005 100.0000 -47.080 -49.41 47.08 -2.33
DD 06/01/98 2/1/2005 SEC ID: 36209BTA6 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL #0468052 6. 500% 07/15/2028 2/1/2005 100.0000 -216.340 -227.06 216.34 -10.72
DD 07 /01/98 2/1/2005 SEC ID: 36209C5M4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL #0476041 6.500% 06/15/2028 2/1/2005 100.0000 -253.770 -265.94 253.77 -12.17
DD 06/01/98 2/1/2005
SEC ID: 36209MZE7 2/1/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL#0478626 6.500%01/15/2029 2/1/2005 100.0000 -187.140 -196.12 187.14 -8.98
DD 01/01/99 2/1/2005
SEC ID: 36209QVT9 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL#0480598 6.500% 10/15/2028 2/1/2005 100.0000 -39.470 -41.36 39.47 -1.89
DD 10/01/98 2/1/2005
SEC ID: 36209S3F6 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA POOL#0512235 6.500% 11/15/2029 2/1/2005 100.0000 -12.660 -13.29 12.66 -0.63
DD 11/01/99 2/1/2005
SEC ID: 36211 GBC6 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 40
' @ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USO
OCSD-CONSOLI DATE Dcm20 60 ODOOOCJOD 2/1/2005 -2/28/2005 Status: FINAL
Trade Date . I t: ~ ,, '' j
' l ., -~· ._ -I ~' Cost .. Amount · Net Gain/Loss Tran Settle Date Base Price " . ' .. ,.· . ,·. Type Description Reported Date Shares/Par , ' _ · Base • L~• Base Base I .. ' .. '
PD GNMA POOL #0514326 6.500% 07/15/2029 2/1/2005 100.0000 -8,005.710 -8,389.73 8,005.71 -384.02
DD 07 /01/99 2/1/2005 SEC ID: 36211JLF2 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/15/2005 *
PD GNMA II POOL #0080023 VAR RT 12/20/2026 2/1/2005 100.0000 -3,523.070 -3,581.42 3,523.07 -58.35
DD 12/01/96 2/1/2005 SEC ID: 36225CAZ9 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
PD GNMA II POOL #080088M 7.375% 06/20/2027 2/1/2005 100.0000 -1,352.120 -1,381.70 1,352.12 -29.58
DD 06/01/97 2/1/2005 SEC ID: 36225CC20 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
PD GNMA II POOL #0080395 VAR RT 04/20/2030 2/1/2005 100.0000 -4,518.910 -4 ,477.96 4,518.91 40.95
DD 04/01/00 2/1/2005 SEC ID: 36225CNM4 2/1/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/22/2005 *
PD GNMA II POOL #080408X VAR RT 05/20/2030 2/1/2005 100.0000 -36,593.790 -36,222.13 36,593.79 371.66
DD 05/01/00 2/1/2005
SEC ID: 36225CN28 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
PD GNMA II POOL #0080965 VAR RT 07/20/2034 2/1/2005 100.0000 -12,023.130 -12,015.62 12,023.13 7.51
DD 07 /01/04 2/1/2005
SEC ID: 36225DCB8 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
PD GNMA GTD REMIC TR 2000-9 FH VAR RT 2/16/2005 100.0000 -14,231.320 -14,231.32 14,231.32 0.00
02/16/2030 2/16/2005
SEC ID: 3837H4NX9 2/16/2005 OCSF07522202: LONG TERM OPER-PIMCO
PD RESIDENTIAL ASSET 03-RSl l AIIB VAR RT 2/25/2005 100.0000 -26,608.430 -26,608.43 26,608.43 0.00
12/25/2033 DD 12/30/03 2/25/2005
SEC ID: 760985K83 2/25/2005 OCSF0752 2202 : LONG TERM OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 41
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDJl][][2 J 60 OO J ••J •• 2/1/2005-2/28/2005 Status: FINAL
Trade Date -r ,~. .. 1~··
",'. .... ,., .
Tran ,· '. ~ ·, Cost ' Amount Net Gain/Loss -Settle Date Base Price • ... I~ I"• l
Type Description ~ ~-Reported Date Shares/Par ,,
,:" .. -f Base ,, Base ·" Base
PD SBA OTD PARTN CTFS SBlC-PS 01 6.640% 2/1/2005 100.0000 -137,939.550 -137,939.55 137,939.55 0.00
02/10/2011 DD 02/21 /01 2/1/2005 SEC ID: 8316410D4 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/10/2005 *
TOTAL FIXED INCOME SECURITIES U.S. DOLLAR: -745,020.610 -753,695.65 745,020.61 -8,675.04
TOTAL FIXED INCOME SECURITIES BASE: -745,020.610 -753,695.65 745,020.61 -8,675.04
TOTAL PRINCIPAL PAYMENTS BASE: -745,020.610 -753,695.65 745,020.61 -8,675.04
MATURITIES
CASH & CASH EQUIVALENTS
U.S. DOLLAR
MT FEDERAL HOME LN BK CONS DISC MAT 2/2/2005 100.0000 -1,600,000.000 -1,593,586.67 1,593,586.67 0.00
02/02/2005 2/2/2005
SEC ID: 313385BJ4 2/2/2005 OCSF07511102: LIQUID OPER-PIMCO
MT FEDERAL HOME LN BK CONS DISC N MAT 2/16/2005 100.0000 -7,300,000.000 -7,299,486.97 7,299,486.97 0.00
02/16/2005 2/16/2005
SEC ID: 313385BY1 2/16/2005 OCSF07522202: LONG TERM OPER-PIMCO
MT FEDERAL HOME LN BK CONS DISC MAT 2/18/2005 100.0000 -6,000,000.000 -5,966,026.67 5,966,026.67 0.00
02/18/2005 2/18/2005 SEC ID: 313385CA2 2/18/2005 OCSF07511102: LIQUID OPER-PIMCO
MT FEDERAL HOME LN BK CONS DISC N MAT 2/22/2005 100.0000 -1,400,000.000 -1,399,631.33 1,399,631.33 0.00
02/22/2005 2/22/2005
SEC ID: 313385CE4 2/22/2005 OCSF07511102 : LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 42
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLI DATE D::m.2 J 60 o•J ••'.J•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date ' . -~-· . -:. II_ t: t ~ Tran Settle Date Base Price .. Cost --Amount Net Gain/Loss -l Type Description Reported Date Shares/Par . Base , Base .. Base r:'1.'r
MT FEDERAL HOME LN BK CONS DISC MAT 2/23/2005 100.0000 -1 ,400,000.000 -1,399,906.67 1,399,906.67 0.00
02/23/2005 2/23/2005 SEC ID: 313385CF1 2/23/2005 OCSF07511102: LIQUID OPER-PIMCO
MT FEDERAL HOME LN BK CONS DISC MAT 2/25/2005 100.0000 -1,400,000.000 -1,399,904.33 1,399,904.33 0.00
02/25/2005 2/25/2005 SEC ID: 313385CH7 2/25/2005 OCSF07511102: LIQUID OPER-PIMCO
MT FEDERAL HOME LN BK CONS DISC N MAT 2/28/2005 100.0000 -1,400,000.000 -1,399,710.67 1,399,710.67 0.00
02/28/2005 2/28/2005 SEC ID: 313385CL8 2/28/2005 OCSF07511102 : LIQUID OPER-PIMCO
MT FEDERAL HOME LN MTG CORP DISC MAT 2/8/2005 100.0000 -6,000,000.000 -5,967,391.67 5,967,391.67 0.00
02/08/2005 2/8/2005 SEC ID: 313397BQ3 2/8/2005 OCSF07511102: LIQUID OPER-PIMCO
MT FEDERAL NATL MTG ASSN DISCOUNT MAT 2/9/2005 100.0000 -1,200,000.000 -1,199,919.67 1,199,919.67 0.00
02/09/2005 2/9/2005
SEC ID: 313589BR3 2/9/2005 OCSF07511102: LIQUID OPER-PIMCO
MT WELLS FARGO BANK NA INSTL C/D 2.520% 2/17/2005 100.0000 -300,000.000 -300,000.00 300,000.00 0.00
02/17/2005 DD 02/01 /05 2/17/2005
SEC ID: 9497P15Kl 2/17/2005 OCSF07511102: LIQUID OPER-PIMCO
MT WELLS FARGO BANK NA INSTL C/D 2.420% 2/15/2005 100.0000 -1,300,000.000 -1,300,000.00 1,300,000.00 0.00
02/15/2005 DD O 1/25 /05 2/15/2005
SEC ID: 9497P17M5 2/15/2005 OCSF07511102: LIQUID OPER-PIMCO
TOTAL CASH & CASH EQUIVALENTS U.S. DOLLAR: -29,300,000.000 -29,225,564.65 29,225,564.65 0.00
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 43
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONS OLIDATE D0[[[2 0 60 ODO OD O•• 2/1/2005 -2/28/2005 Status: FINAL
•· Trade Date . ~ .. '" ' " ,. ,. I . -.. Net Gain/Loss Tran Settle Date Base Price ,. [ Cost . , , . Amount . .: Type Description Reported Date Shares/Par :, Base • .-Base Base . ,
TOTAL CASH & CASH EQUIVALENTS BASE: -29,300,000.000 -29,225,564.65 29,225,564.65 0.00
FIXED INCOME SECURITIES
U.S. DOLLAR
MT FEDERAL HOME LN BK CONS BOS 7.125% 2/15/2005 100.0000 -3,500,000.000 -3,732,225.00 3,500,000.00 -232,225.00
02/15/2005 DD 02/08 /00 2/15/2005 SEC ID: 3133MAUN7 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO
MT FEDERAL NATL MTG ASSN DEBS 7 .125% 2/15/2005 100.0000 -15,500,000.000 -16, 154,410.00 15,500,000.00 -654,410.00
02/15/2005 DD 02/ 14 /00 2/15/2005 SEC ID: 31359MFH1 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO
TOTAL FIXED INCOME SECURITIES U.S. DOLLAR: -19,000,000.000 -19,886,635.00 19,000,000.00 -886,635.00
TOTAL FIXED INCOME SECURITIES BASE: -19,000,000.000 -19,886,635.00 19,000,000.00 -886,635.00
TOTAL MATURITIES BASE: -48 ,300,000.000 -49,112,199.65 48,225,564.65 -886,635.00
MISCELLANEOUS ACTMTY
FIXED INCOME SECURITIES
U.S. DOLLAR
SW REPS 2/28/05 FACTOR ADJUSTMENT US 2/28/2005 -59,360.000 -52,623.86 0.00 -52,623.86
TREASURY INFLATION INDEX NT 2/28/2005
SEC ID: 9128272M3 2/28/2005 OCSF07522202: LONG TERM OPER-PIMCO
SW REPS 2/28/05 FACTOR ADJUSTMENT US 2/28/2005 -12,480.000 -13,567.52 0.00 -13,567.52
TREASURY INFLATION INDEX NT 2/28/2005
SEC ID: 9 1282 73T7 2/28/2005 OCSF07522202 : LONG TERM OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 44
.
@ Transaction Detail ReportID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATED[]][][2J 60 m •rn•m 2/1/2005 -2/28/2005 Status: FINAL
-. I' Trade Date , ' ---' ... . '
Tran . ., Cost Amount Net Gain/Loss " Settle Date Base Price
Type Description
•,, ... l ,.'I ,
Reported Date Shares/Par I Base ' Base Base .. ., ~ r1. ., t .
SW REPS 2/28/05 FACTOR ADJUSTMENT US 2/28/2005 -53,170.000 -58,870.03 0.00 -58,870.03
TREASURY INFLATION INDEX NT 2/28/2005 SEC ID: 9128274Y5
OCSF0752 2202: LONG TERM OPER-PIMCO 2/28/2005
TOTAL FIXED INCOME SECURITIES U.S. DOLLAR: -125,010.000 -125,061.41 0.00 -125,061.41
TOTAL FIXED INCOME SECURITIES BASE: -125,010.000 -125,061.41 0.00 -125,061.41
TOTAL MISCELLANEOUS ACTMTY BASE: -125,010.000 -125,061.41 0.00 -125,061:41
INTEREST
CASH & CASH EQUIVALENTS
U.S. DOLLAR
IT FEDERAL HOME LN BK CONS DISC MAT 2/2/2005 1,600,000.000 6 ,413.33 6,413.33 0.00
02/02/2005 2/2/2005
SEC ID: 313385BJ4 2/2/2005 OCSF07511102: LIQUID OPER-PIMCO
IT FEDERAL HOME LN BK CONS DISC N MAT 2/16/2005 7,300,000.000 513.03 513.03 0.00
02/16/2005 2/16/2005
SEC ID: 313385BY1 2/16/2005 OCSF07522202: LONG TERM OPER-PIMCO
IT FEDERAL HOME LN BK CONS DISC MAT 2/18/2005 6,000,000.000 33,973.33 33,973.33 0.00
02/18/2005 2/18/2005
SEC ID: 313385CA2 2/18/2005 OCSF07511102: LIQUID OPER-PIMCO
IT FEDERAL HOME LN BK CONS DISC N MAT 2/22/2005 l, 400,000.000 368.67 368.67 0.00
02/22/2005 2/22/2005
SEC ID: 313385CE4 2/22/2005 OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9: 16:40AM PST Workbench
* Actual Settle Date 45
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOL!DATE DJ[][[20 6000000=:JOO 2/1/2005 -2/28/2005 Status: FINAL
Trade Date ~ ' -.~ . -•. ,_ ~·, ' ' -Tran ' .. ~·
,. . '1:·· ;:., . Cost . Amount Net Gain/Loss Settle Date Base Price ..
'. .
Type Description Reported Date Shares/Par · ~ ,, Base Base "1 .. '•.Jl Base
IT FEDERAL HOME LN BK CONS DISC MAT 2/23/2005 1,400,000.000 93.33 93.33 0.00
02/23/2005 2/23/2005 SEC ID: 313385CF1 2/23/2005 OCSF07511102: LIQUID OPER-PIMCO
IT FEDERAL HOME LN BK CONS DISC MAT 2/25/2005 1,400,000.000 95.67 95.67 0.00
02/25/2005 2/25/2005 SEC ID: 313385CH7 2/25/2005 OCSF07511102: LIQUID OPER-PIMCO
IT FEDERAL HOME LN BK CONS DISC N MAT 2/28/2005 1,400,000.000 289.33 289.33 0.00
02/28/2005 2/28/2005 SEC ID: 313385CL8 2/28/2005 OCSF07511102: LIQUID OPER-PIMCO
IT FEDERAL HOME LN MTG CORP DISC MAT 2/8/2005 6,000,000.000 32,608.33 32,608.33 0.00
02/08/2005 2/8/2005
SEC ID: 313397BQ3 2/8/2005 OCSF07511102: LIQUID OPER-PIMCO
IT FEDERAL NATL MTG ASSN DISCOUNT MAT 2/9/2005 1,200,000.000 80.33 80.33 0.00
02/09/2005 2/9/2005
SEC ID: 313589BR3 2/9/2005 OCSF07511102: LIQUID OPER-PIMCO
IT WELLS FARGO BANK NA INSTL C/D 2.520% 2/17/2005 300,000.000 336.00 336.00 0.00
02/17/2005 DD 02/01 /05 2/17/2005 SEC ID: 9497P 15Kl 2/17/2005 OCSF07511102: LIQUID OPER-PIMCO
IT WELLS FARGO BANK NA INSTL C/D 2.420% 2/15/2005 1,300,000.000 1,835.17 1,835.17 0.00
02/15/2005 DD O 1/25 /05 2/15/2005
SEC ID: 9497P l 7M5 2/15/2005 OCSF07511102: LIQUID OPER-PIMCO
cw SHORT TERM FDS INT ADJ NET OF 2/28/2005 0.000 -5,792.22 -5,792.22 0.00
OVERNIGHT INTEREST 2/28/2005
SEC ID: 990000PJ4 2/28/2005 OCSF07511102: LIQUID OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 46
Transaction Detail . .
@ Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE Dcm:2 J 6• ••J ••J •• 2/1/2005 -2/28/2005 Status: FINAL
.. Trade Date -r .• ~---· -~ .-
I ,, ..
" ~,-" ' ~ ,: .. ' Tran <. Cost Amount Net Gain/Loss , Settle Date Base Price .•
Type Description • l1o.&. '. ( Reported Date Shares/Par ,, Base i.r. Base Base ' ., ~ -' I
IT DREYFUS TREASURY CASH MGMT 2/2/2005 0.000 3,766.31 3,766.31 0.00
SEC ID: 996085247 2/1/2005 OCSF07511102: LIQUID OPER-PIMCO 2/2/2005
2/2/2005 *
IT DREYFUS TREASURY CASH MGMT 2/2/2005 0.000 2,224.51 2,224.51 0.00
SEC ID: 996085247 2/1/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/2/2005
2/2/2005 *
TOTAL CASH & CASH EQUIVALENTS U.S. DOLLAR: 29,300,000.000 76,805.12 76,805.12 0.00
TOTAL CASH & CASH EQUIVALENTS BASE: 29,300,000.000 76,805.12 76,805.12 0.00
FIXED INCOME SECURITIES
U.S. DOLLAR
IT AJG SUNAMERICA GLOBAL REGS 5.850% 2/1/2005 752,000.000 21,996.00 21,996.00 0.00
08/01/2008 DD 08/08/01 2/1/2005
SEC ID: U00907AAO 2/1/2005 OCSF07522202: LONG TERM OPER-PJMCO
IT WMP/HUNTOON PAIGE #000-11150 7.500% 2/28/2005 848.180 5,846.33 5,846.33 0.00
12/01/2030 DD 10/21 /99 2/1/2005
SEC ID: 302998GE3 2/28/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/28/2005 *
IT FEDERAL HOME LN BK CONS BOS 7.125% 2/15/2005 3,500,000.000 124,687.50 124,687.50 0.00
02/15/2005 DD 02/08 /00 2/15/2005
SEC ID: 3133MAUN7 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO
IT FHLMC MULTICLASS MTG SER E3 A VAR RT 2/15/2005 18,935.250 2,544.66 2,544.66 0.00
08/15/2032 DD 12/01 /97 1/1/2005
SEC ID: 3133TCE95 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 47
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDJllll!2 '.J 60 O•ODD'.JDO 2/1/2005 -2/28/2005 Status: FINAL
• s' Trade Date ~ . ' " ",, ~; -,. ! ., i . " " ... ~-{\, r Tran Cost I'. • Amount Net Gain/Loss '• Settle Date Base Price . ,.,. 't ~ l
• ~j .
Type Description Reported Date Shares/Par
• •• ;: •
Base ' Base Base " • '"·1:1 J,-~ "
IT FHLMC GROUP #78-6064 6.384% 01/01/2028 2/15/2005 2,283.000 193.88 193.88 0.00
DD 12/01/97 1/1/2005 SEC ID: 31348SWZ3 2/15/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/15/2005 *
IT FEDERAL NATL MTG ASSN DEBS 7 .125% 2/15/2005 15,500,000.000 552,187.50 552,187.50 0.00
02/15/2005 DD 02/14/00 2/15/2005 SEC ID: 31359MFH1 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO
IT FNMA POOL #0254510 5.000% 11/01/2017 2/25/2005 10,190.310 2,684.92 2,684.92 0.00
DD 10/01/02 2/1/2005 SEC ID: 31371KVB4 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0254631 5.000% 02/01/2018 2/25/2005 2,199.620 578.52 578.52 0.00
DD 01/01/03 2/1/2005 SEC ID: 31371KY47 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0254760 5.000% 06/01/2018 2/25/2005 2,064.430 516.34 516.34 0.00
DD 05/01/03 2/1/2005
SEC ID: 31371 K5V9 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0254866 5.000% 09/01/2018 2/25/2005 789.390 233.98 233.98 0.00
DD 08/01/03 2/1/2005
SEC ID: 31371LCB3 2/25/2005 OCSF07522202: LONGTERM OPER-PlMCO 2/25/2005 *
IT FNMA POOL #0254953 5.000% 11/01/2018 2/25/2005 5,247.820 1,246.23 1,246.23 0.00
DD 10/01/03 2/1/2005
SEC ID: 31371LE21 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0254987 5.000% 12/01/2018 2/25/2005 11,264.100 3,360.56 3,360.56 0.00
DD 11/01/03 2/1/2005
SEC ID: 31371LF46 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 48
.
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD--CONSOLIDATEDJ[]!][2J 60 ••ODDO•• 2/1/2005 -2/28/2005 Status: FINAL
! ~ "' 1 Trade Date -. . ·. ' .,
Tran . . ,· Cost . Amount Net Gain/Loss Settle Date Base Price ' ,
. ~-~ .,; ..
Type Description ~ Reported Date Shares/Par Base Base Base
,1-' • .i' '
IT FNMA POOL #0323980 6.000% 04/01/2014 2/25/2005 3,855.350 700.51 700.51 0.00
DD 09/01/99 2/1/2005 SEC ID: 31374T2MO 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0357328 5.000% 01/01/2018 2/25/2005 421.520 97.62 97.62 0.00
DD 01/01/03 2/1/2005 SEC ID: 31376J4M8 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0357430 5.000%09/01/2018 2/25/2005 20,834.220 5,151.85 5,151.85 0.00
DD 09/01/03 2/1/2005 SEC ID: 31376KA71 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0456482 6.000% 02/01/2014 2/25/2005 381.710 188.95 188.95 0.00
DD 02/01/99 2/1/2005
SEC ID: 31381CCT2 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0509649 6.000%09/01/2014 2/25/2005 813.460 494.02 494.02 0.00
DD 09/01/99 2/1/2005
SEC ID: 31383QEWO 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0535451 6.000% 06/01/2015 2/25/2005 2,704.820 546.86 546.86 0.00
DD 07 /01/00 2/1/2005
SEC ID: 31384 VZQ8 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0555363 5.000%04/01/2018 2/25/2005 4,264.510 1,236.25 1,236.25 0.00
DD 03/01/03 2/1/2005
SEC ID: 31385W5Yl 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0555453 5.000%05/01/2018 2/25/2005 603.970 128.79 128.79 0.00
DD 04/01/03 2/1/2005
SEC ID: 31385XBW6 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 49
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDD!llE2 0 60 •••••::mo 2/1/2005 -2/28/2005 Status: FINAL
Trade Date
Tran j Settle Date Base Price -· ,. ~! t Cost .! 1 'Amount Net Gain/Loss . ' Type Description ' ~ -LI Reported Date Shares/Par ,. ,'· C ... Base . Base Base
IT FNMA POOL #0555545 5.000% 06/01/2018 2/25/2005 3,786.870 1,027.34 1,027.34 0.00
DD 05/01/03 2/1/2005 SEC ID: 31385XES2 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0555621 5.000% 07/01/2018 2/25/2005 14,918.250 3,551.18 3,551.18 0.00
DD 06/01/03 2/1/2005 SEC ID: 31385XG68 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0681309 5.000% 02/01/2018 2/25/2005 4,918.630 1,921.01 1,921.01 0.00
DD 02/01/03 2/1/2005 SEC ID: 31391Y3S4 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0681334 5.000%02/01/2018 2/25/2005 972.680 232.50 232.50 0.00
DD 01/01/03 2/1/2005 SEC ID: 31391Y4Tl 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA GTD REMIC P /T 02-76 PD 5.000% 2/25/2005 106,726.560 444.69 444.69 0.00
08/25/2022 DD 10/01 /02 2/1/2005 SEC ID: 31392FKF3 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0684908 5.000% 06/01/2018 2/25/2005 6,848.130 1,269.86 1,269.86 0.00
DD 05/01/03 2/1/2005 SEC ID: 31400D3Rl 2/25/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0685200 5.000%03/01/2018 2/25/2005 1,650.940 686.47 686.47 0.00
DD 03/01/03 2/1/2005
SEC ID: 31400EGH7 2/25/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0685665 5.000% 02 /01/2018 2/25/2005 620.950 117.88 117.88 0.00
DD 02/01/03 2/1/2005
SEC ID: 31400EW22 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 50
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONS OLI DATE DJD[][2 D 60 •••••••• 2/1/2005 -2/28/2005 Status: FINAL
-11 Trade Date / . ) -, .. Net Gain/Loss Tran ' 1' • r ; • ~-• , • I Cost Amount Settle Date Base Price ~"···"' II
Type Description l .. ' -', Reported Date Shares/Par . I'"·• Base I Base Base . ,··:, C --' • I
IT FNMA POOL #0686318 5.000% 03/01/2018 2/25/2005 1,302.200 1,041.75 1,041.75 0.00
DD 03/01/03 2/1/2005 SEC ID: 31400FP87 2/25/2005 OCSF07522202 : LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0688739 5.000% 06/01/2018 2/25/2005 2,648.620 411.80 411.80 0.00
DD 06/01/03 2/1/2005 SEC ID: 31400JEL9 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0689859 5.000% 05/01/2018 2/25/2005 393.420 345.90 345.90 0.00
DD 05/01/03 2/1/2005 SEC ID: 31400KMG8 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0693834 5.000% 03/01/2018 2/25/2005 9,691.320 2,280.45 2,280.45 0.00
DD 03/01/03 2/1/2005
SEC ID: 31400PY74 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0695852 5.000% 05/01/2018 2/25/2005 2,690.630 808.40 808.40 0.00
DD 05/01/03 2/1/2005 SEC ID: 31400SBVO 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0695889 5.000% 05/01/2018 2/25/2005 4,604.890 2,740.71 2,740.71 0.00
DD 05/01/03 2/1/2005
SEC ID: 31400SC23 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0697026 5.000% 05 /01/2018 2/25/2005 259.790 83.71 83.71 0.00
DD 04/01/03 2/1/2005
SEC ID: 31400TLF2 2/25/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0702210 5.000%05/01/2018 2/25/2005 2,138.090 849.66 849.66 0.00
DD 05/01/03 2/1/2005
SEC ID: 31401ADP9 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 51
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJlllll2 0 6000000 000 2/1/2005 -2/28/2005 Status: FINAL
Trade Date . .• ,r ~ I. ~ . .,,: .
Tran . . Settle Date Base Price '.:. ;c., • _,. Cost , . Amount Net Gain/Loss .. . J ,:·, . ... -• :I
Type Description _ Reported Date Shares/Par •· ,.._ .. : Base t __ r Base Base r • . -, i -~ ·--' -•• I"
IT FNMA POOL #0702328 5.000% 05/01/2018 2/25/2005 1,705.890 500.26 500.26 0.00
DD 04/01/03 2/1/2005 SEC ID: 31401AHD2 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0709148 5.000% 06/01/2018 2/25/2005 1,964.490 1,042.58 1,042.58 0.00
DD 06/01/03 2/1/2005 SEC ID: 31401HZM7 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0709360 5.000% 07/01/2018 2/25/2005 8,246.560 2,345.70 2,345.70 0.00
DD 06/01/03 2/1/2005 SEC ID: 31401JB56 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0709826 5.000% 06/01/2018 2/25/2005 1,055.400 408.32 408.32 0.00
DD 06/01/03 2/1/2005 SEC ID: 31401JSP4 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0709917 5.000% 06/01/2018 2/25/2005 2,195.410 845.86 845.86 0.00
DD 06/01/03 2/1/2005
SEC ID: 31401JVJ4 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0709963 5.000% 06/01/2018 2/25/2005 77.150 74.56 74.56 0.00
DD 06/01/03 2/1/2005
SEC ID: 31401JWYO 2/25/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0710235 5.000% 06/01/2018 2/25/2005 13,997.720 2,227.21 2,227.21 0.00
DD 06/01/03 2/1/2005
SEC ID: 31401KBC8 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0713344 5.000% 06/01/2018 2/25/2005 625.490 62.23 62.23 0.00
DD 06/01/03 2/1/2005
SEC ID: 31401NP52 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 52
.
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE Dilll!2 ::J 6 0 ••::JD•••• 2/1/2005 -2/28/2005 Status: FINAL
..... Trade Date ,-. ' ~ ' " :•· ~ -'"· . .. , . ,.
Tran "· Cost '·) Amount Net Gain/Loss Settle Date Base Price ' " Type Description ' '" .,
•· ~ I Reported Date Shares/Par Base Base Base .,, ' ' C llj -' '
IT FNMA POOL #0713365 5.000% 07/01/2018 2/25/2005 8,479.630 981.54 981.54 0.00
DD 07 /01/03 2/1/2005 SEC ID: 31401NQS1 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0720319 5.000% 07/01/2018 2/25/2005 11,051.030 2,743.93 2,743.93 0.00
DD 07 /01/03 2/1/2005 SEC ID: 31401 WG45 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0720369 5.000% 06/01/2018 2/25/2005 9,887.680 8,184.16 8,184.16 0.00
DD 06/01/03 2/1/2005 SEC ID: 31401 WJNO 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0721629 5.000% 07/01/2018 2/25/2005 3,793.300 1,147.84 1,147.84 0.00
DD 06/01/03 2/1/2005 SEC ID: 31401XVW4 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0723487 5.000% 06/01/2018 2/25/2005 984.220 955.85 955.85 0.00
DD 06/01/03 2/1/2005 SEC ID: 31402AXQ4 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0729601 5.000% 07/01/2018 2/25/2005 1,918.790 1,528.80 1,528.80 0.00
DD 07 /01/03 2/1/2005
SEC ID: 31402HRW3 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0732873 5.000% 11/01/2018 2/25/2005 136.720 136.68 136.68 0.00
DD 10/01/03 2/1/2005
SEC ID: 31402MFNS 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0737130 5.000% 10/01/2018 2/25/2005 3,275.630 2,430.45 2,430.45 0.00
DD 10/01/03 2/1/2005
SEC ID: 31402S4P9 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 53
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCS D-CONS OLI DATE DJllilill O 60 DDODOJ OD 2/1/2005 -2/28/2005 Status: FINAL
~: t' • Trade Date ~ 11 ~ . ' • J ' ' ' "\ ..:~ ...,. :, _., 6 f, . " ..
Tran 'I; •r ,. ·-Cost ' " Amount Net Gain/Loss . Settle Date Base Price . .
Type Description -Reported Date Shares/Par .. Base . Base Base • ~
IT FNMA POOL#0738211 5.000%10/01/2018 2/25/2005 5,418.940 2,026.88 2,026.88 0.00
DD 10/01/03 2/1/2005 SEC ID: 31402UDQ2 2/25/2005 OCSF0752 2202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0738487 5.000% 10/01/2018 2/25/2005 2,022.960 719.71 719.71 0.00
DD 10/01/03 2/1/2005 SEC ID: 31402UNC2 2/25/2005 OCSF07522202 : LONG TERM OPER-PJMCO 2/25/2005 *
IT FNMA POOL #0740471 5.000% 10/01/2018 2/25/2005 2,865.450 2,759.34 2,759.34 0.00
DD 10/01/03 2/1/2005 SEC ID: 31402WT40 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL#0740748 5.000% 10/01/2018 2/25/2005 3,722.460 2,965.89 2,965.89 0.00
DD 11/01/03 2/1/2005 SEC ID: 31402W5H7 2/25/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0743868 5.000% 11/01/2018 2/25/2005 501.570 144.94 144.94 0.00
DD 10/01/03 2/1/2005 SEC ID: 31403BMR1 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0744008 5.000% 07/01/2018 2/25/2005 4,604.550 3,819.71 3,819.71 0.00
DD 09/01/03 2/1/2005
SEC ID: 31403BR54 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0744316 5.000% 09/01/2018 2/25/2005 1,866.470 605.97 605.97 0.00
DD 09/01/03 2/1/2005
SEC ID: 31403B324 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0747914 5.000% 11/01/2018 2/25/2005 10,568.760 1,266.84 1,266.84 0.00
DD 11 /01/03 2/1/2005
SEC ID: 31403F3XO 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 54
. Transaction Detail @ Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDcm:2 • 6• •••••••• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date -' ~ -~ . . .! • :--: .. ' .. · Net Gain/Loss Tran ' I • Settle Date Base Price Cost ., ''Amount ' ..
Type Description
. -1 -~ Reported Date Shares/Par .. , -~-Base ,,, Base Base '
IT FNMA POOL #0748400 5.000%08/01/2018 2/25/2005 4,841.650 758.28 758.28 0.00
DD 09/01/03 2/1/2005 SEC ID: 31403GNR9 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0748899 5.000% 12/01/2018 2/25/2005 27,168.740 3,715.15 3,715.15 0.00
DD 11 /01/03 2/1/2005 SEC ID: 31403G7LO 2/25/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0750377 5.000% 11/01/2018 2/25/2005 40,649.840 8,266.33 8,266.33 0.00
DD 11 /01/03 2/1/2005 SEC ID: 31403JUA2 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0750380 5.000% 11/01/2018 2/25/2005 34,034.070 7,141.90 7,141.90 0.00
DD 11/01/03 2/1/2005
SEC ID: 31403JUD6 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0750445 5.000% 11/01/2018 2/25/2005 693.960 688.91 688.91 0.00
DD 11/01/03 2/1/2005 SEC ID: 31403JWE2 2/25/2005 OCSF07522202: LONGTERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0751960 5.000% 12/01/2018 2/25/2005 16,608.010 3,134.09 3,134.09 0.00
DD 11/01/03 2/1/2005
SEC ID: 31403LMH1 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0753425 5.000% 11/01/2018 2/25/2005 13,757.130 3,290.33 3,290.33 0.00
DD 11 /01/03 2/1/2005
SEC ID: 31403NA23 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT FNMA POOL #0755165 5.000% 12/01/2018 2/25/2005 2,698.060 2,393.00 2,393.00 0.00
DD 11 /01/03 2/1/2005
SEC ID: 31403Q6A3 2/25/2005 OCSF0752 2202: LONG TERM OPER-PIMCO 2/25/2005 *
Workbench
3/8/2005 9:16:40AM PST
* Actual Settle Date 55
@ Transaction Detail Report ID: EWBA09
Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE D::n:IDI2 D 60 •••••••• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date \ ' -' " ._ J ,, ' ;
Tran .. ,. -;:_ Cost Amount Net Gain/Loss Settle Date Base Price ,'l -.
J.' ..:, ,1
Type Description Reported Date Shares/Par . ' . . Base -· Base I Base • ' .-
IT FNMA POOL#0756372 5.000% 11/01/2018 2/25/2005 4,185.810 3,721.61 3,721.61 0.00
DD 11 /01/03 2/1/2005 SEC ID: 31403SJR8 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/25/2005 *
IT GNMA POOL#0421389 6.500% 04/15/2026 2/15/2005 288.180 49.76 49.76 0.00
DD 04/01/96 2/1/2005 SEC ID: 36206UC23 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL#0449851 6.500% 01/15/2028 2/15/2005 3,357.020 83.54 83.54 0.00
DD 01/01/98 2/1/2005 SEC ID: 36208FWLO 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL #0466845 6.500% 06/15/2028 2/15/2005 47.080 176.94 176.94 0.00
DD 06/01/98 2/1/2005 SEC ID: 36209BTA6 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL#0468052 6.500% 07/15/2028 2/15/2005 216.340 599.44 599.44 0.00
DD 07 /01/98 2/1/2005 SEC ID: 36209C5M4 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL#0476041 6.500% 06/15/2028 2/15/2005 253.770 742.19 742.19 0.00
DD 06/01/98 2/1/2005
SEC ID: 36209MZE7 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL#0478626 6.500% 01/15/2029 2/15/2005 187.140 652.40 652.40 0.00
DD 01 /01/99 2/1/2005
SEC ID: 36209QVT9 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL#0480598 6.500% 10/15/2028 2/15/2005 39.470 155.65 155.65 0.00
DD 10/01/98 2/1/2005
SEC ID: 36209S3F6 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
Workbench
3/8/2005 9:16:40AM PST
* Actual Settle Date 56 -
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATE DJDII2 J 60 DDJDDD•• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date .. ,~ l .•. ·..,_ ' :,. ;
i, i• +
~ .. ~ ·.-1,, . . ' ·: · Net Gain/Loss Tran a1•1.J Cost Amount -· ,. -tt Settle Date Base Price -
Type Description Reported Date Shares/Par I r, < , . .
Base -Base Base ., ., , ... ,, ' ., .. ..
IT GNMA POOL#0512235 6.500% 11/15/2029 2/15/2005 12.660 45.39 45.39 0.00
DD 11 /01/99 2/1/2005 SEC ID: 36211GBC6 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA POOL#0514326 6.500% 07/15/2029 2/15/2005 8,005.710 541.46 541.46 0.00
DD 07 /01/99 2/1/2005 SEC ID: 36211JLF2 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/15/2005 *
IT GNMA II POOL #0080023 VAR RT 12/20/2026 2/22/2005 3,523.070 542.97 542.97 0.00
DD 12/01/96 2/1/2005 SEC ID: 36225CAZ9 2/22/2005 OCSF07522202 : LONG TERM OPER-PIMCO 2/22/2005 *
IT GNMA II POOL #080088M 7.375% 06/20/2027 2/22/2005 1,352.120 549.31 549.31 0.00
DD 06/01/97 2/1/2005
SEC ID: 36225CC20 2/22/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
IT GNMA II POOL #0080395 VAR RT 04/20/2030 2/22/2005 4,518.910 488.05 488.05 0.00
DD 04/01/00 2/1/2005 SEC ID: 36225CNM4 2/22/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
IT GNMA II POOL #080408X VAR RT 05/20/2030 2/22/2005 36,593.790 4,430.08 4,430.08 0.00
DD 05/01/00 2/1/2005
SEC ID: 36225CN28 2/22/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
IT GNMA II POOL #0080965 VAR RT 07/20/2034 2/22/2005 12,023.130 3,909.74 3,909.74 0.00
DD 07 /01/04 2/1/2005
SEC ID: 36225DCB8 2/22/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/22/2005 *
IT GNMA GTD REMIC TR 2000-9 FH VAR RT 2/16/2005 14,231.320 1,203.48 1,203.48 0.00
02/16/2030 2/16/2005
SEC ID: 3837H4NX9 2/16/2005 OCSF07522202: LONG TERM OPER-PIMCO
3/8/2005 9:16:40AM PST Workbench
* Actual Settle Date 57
@ Transaction Detail Report ID: EWBA09 Mellon Reported by Transaction Category Base Currency: USD
OCSD-CONSOLIDATEDDJI2fJ 60 ••::mo ••• 2/1/2005 -2/28/2005 Status: FINAL
Trade Date . . ' " "~ .1 ~1 I . . ' ~\ ' ~. . . ... ... ..~ Cost ' Amount· Net Gain/Loss Tran Settle Date Base Price •:,. t.i!" '· -. .
Type Description Reported Date Shares/Par I Base -Base Base .. •: I.. . . . . ..
IT RESIDENTIAL ASSET 03-RSl 1 AIIB VAR RT 2/25/2005 26,608.430 1,476.61 1,476.61 0.00
12/25/2033 DD 12/30/03 2/25/2005 SEC ID: 760985K83 2/25/2005 OCSF07522202: LONG TERM OPER-PIMCO
IT SBA GTD PARTN CTFS SBIC-PS O 1 6 .640% 2/10/2005 137,939.550 32,138.34 32,138.34 0.00
02/10/2011 DD 02/21 /01 2/1/2005 SEC ID: 831641DD4 2/10/2005 OCSF07522202: LONG TERM OPER-PIMCO 2/10/2005 *
IT US TREASURY NOTES 06.250% 02/15/2007 2/15/2005 20,000,000.000 625,000.00 625,000.00 0.00
DD 02/15/97 2/15/2005 SEC ID: 9128272JO 2/15/2005 OCSF07522202: LONG TERM OPER-PIMCO
IT US TREASURY NOTES 2.375%08/31/2006 DD 2/28/2005 55,300,000.000 656,687.50 656,687.50 0.00
08/31/04 2/28/2005 SEC ID: 912828CU2 2/28/2005 OCSF07522202: LONG TERM OPER-PIMCO
TOTAL FIXED INCOME SECURITIES U.S. DOLLAR: 95,798,674.860 2,144,942.28 2,144,942.28 0.00
TOTAL FIXED INCOME SECURITIES BASE: 95,798,674.860 2,144,942.28 2,144,942.28 o.oo
TOTAL INTEREST BASE: 125,098,674.860 2,221,747.40 2,221,747.40 0.00
TOTAL TRANSACTIONS: 88,528,329.750 -35,071,247.90 38,460,634.21 -1,040,389.93
3/8/2005 9: l 6:40AM PST Workbench
* Actual Settle Date 58