HomeMy Public PortalAbout02 February 25, 2019 Budget & Implementation
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please complete and submit a Speaker Card to the Clerk of the Board.
MEETING AGENDA
Budget and Implementation Committee
Time: 9:30 a.m.
Date: February 25, 2019
Location: BOARD ROOM
County of Riverside Administration Center
4080 Lemon St, First Floor, Riverside CA 92501
COMMITTEE MEMBERS
Rusty Bailey, Chair/ Andy Melendrez, City of Riverside
Linda Krupa, Vice Chair / Russ Brown, City of Hemet
Lloyd White / Julio Martinez, City of Beaumont
Larry Smith / Jim Hyatt, City of Calimesa
Randall Bonner / Jeremy Smith, City of Canyon Lake
Mark Carnevale / Raymond Gregory, City of Cathedral City
Steven Hernandez / Megan Jacinto, City of Coachella
Scott Matas / Russell Betts, City of Desert Hot Springs
Bob Magee / Natasha Johnson, City of Lake Elsinore
Lisa Middleton / Jon R. Roberts, City of Palm Springs
Michael Naggar / Maryann Edwards, City of Temecula
Karen Spiegel, County of Riverside, District II
Chuck Washington, County of Riverside, District III
STAFF
Anne Mayer, Executive Director
Theresia Trevino, Chief Financial Officer
AREAS OF RESPONSIBILITY
Annual Budget Development and Oversight
Competitive Federal and State Grant Programs
Countywide Communications and Outreach Programs
Countywide Strategic Plan
Legislation
Public Communications and Outreach Programs
Short Range Transit Plans
TO: Riverside County Transportation Commission
FROM: Lisa Mobley, Clerk of the Board
DATE: February 20, 2019
SUBJECT: G.C. 84308 Compliance – Potential Conflict of Interest
California Government Code 84308 states a Commissioner may not participate in any discussion or
action concerning a contract or amendment if a campaign contribution of more than $250 is
received in the past 12 months or 3 months following the conclusion from a bidder or bidder’s agent.
This prohibition does not apply to the awarding of contracts that are competitively bid. The
Commission’s procurement division asks potential vendors to disclose any contributions made to
the campaigns of any Commissioner as part of their submitted bid packets. As an additional
precaution, those entities are included below in an effort to give Commissioners opportunity to
review their campaign statements for potential conflicts. Please note the entities listed in this
memo are not encompassing of all potential conflicts and are in addition to any personal conflicts
of interest such as those disclosed on Statement of Economic Interests – Form 700 or prohibited
by Government Code Section 1090. Please contact me should you have any questions.
Agenda Item No. 14 – Call Box Program Upgrade/Reduction Plan and Agreements
Consultant(s): CASE Systems, Inc. (CASE)
Chrisann Lawson, Vice President
5 Goddard
Irvine, CA 92618
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
BUDGET AND IMPLEMENTATION COMMITTEE
www.rctc.org
AGENDA*
*Actions may be taken on any item listed on the agenda
9:30 a.m.
Monday, February 25, 2019
BOARD ROOM
County of Riverside Administrative Center
4080 Lemon Street, First Floor
Riverside, California
In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed
72 hours prior to the meeting, which are public records relating to open session agenda items, will be
available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon
Street, Third Floor, Riverside, CA, and on the Commission’s website, www.rctc.org.
In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, and the Federal
Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance
is needed to participate in a Commission meeting, including accessibility and translation services. Assistance
is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in
assuring reasonable arrangements can be made to provide assistance at the meeting.
1. CALL TO ORDER
2. ROLL CALL
3. PLEDGE OF ALLEGIANCE
4. PUBLIC COMMENTS – Each individual speaker is limited to speak three (3) continuous
minutes or less. The Committee may, either at the direction of the Chair or by majority vote
of the Committee, waive this three minute time limitation. Depending on the number of
items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce
the time of each speaker to two (2) continuous minutes. Also, the Committee may terminate
public comments if such comments become repetitious. In addition, the maximum time for
public comment for any individual item or topic is thirty (30) minutes. Speakers may not yield
their time to others without the consent of the Chair. Any written documents to be
distributed or presented to the Committee shall be submitted to the Clerk of the Board. This
policy applies to Public Comments and comments on Agenda Items.
Under the Brown Act, the Board should not take action on or discuss matters raised during
public comment portion of the agenda which are not listed on the agenda. Board members
may refer such matters to staff for factual information or to be placed on the subsequent
agenda for consideration.
Budget and Implementation Committee
February 25, 2019
Page 2
5. APPROVAL OF MINUTES – NOVEMBER 26, 2018
6. ADDITIONS/REVISIONS (The Committee may add an item to the Agenda after making a
finding that there is a need to take immediate action on the item and that the item came to
the attention of the Committee subsequent to the posting of the agenda. An action adding
an item to the agenda requires 2/3 vote of the Committee. If there are less than 2/3 of the
Committee members present, adding an item to the agenda requires a unanimous vote.
Added items will be placed for discussion at the end of the agenda.)
7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single
motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled
from the Consent Calendar will be placed for discussion at the end of the agenda.
7A. QUARTERLY FINANCIAL STATEMENTS
Page 1
Overview
This item is for the Committee to:
1) Receive and file the Quarterly Financial Statements for the six months ended
December 31, 2018; and
2) Forward to the Commission for final action.
7B. SINGLE SIGNATURE AUTHORITY REPORT
Page 12
Overview
This item is for the Committee to:
1) Receive and file the Single Signature Authority report for the second quarter
ended December 31, 2018; and
2) Forward to the Commission for final action.
7C. QUARTERLY INVESTMENT REPORT
Page 14
Overview
This item is for the Committee to:
1) Receive and file the Quarterly Investment Report for the quarter ended
December 31, 2018; and
2) Forward to the Commission for final action.
Budget and Implementation Committee
February 25, 2019
Page 3
8. FISCAL YEAR 2018/19 MID-YEAR BUDGET ADJUSTMENTS
Page 85
Overview
This item is for the Committee to:
1) Approve an increase of $10.5 million in Fiscal Year 2018/19 expenditures for mid-year
budget adjustments; and
2) Forward to the Commission for final action.
3)
9. INVESTMENT POLICY REVISION
Page 87
Overview
This item is for the Committee to:
1) Adopt Resolution No. 19-004, “Resolution of the Riverside County Transportation
Commission Regarding the Revised Investment Policy”;
2) Adopt the revised annual Investment Policy; and
3) Forward to the Commission for final action.
10. PROPOSED POLICY GOALS AND OBJECTIVES FOR FISCAL YEAR 2019/20 BUDGET
Page 102
Overview
This item is for the Committee to:
1) Review and approve the proposed Commission Policy Goals and Objectives for the
Fiscal Year 2019/20 Budget;
2) Review and approve the Fiscal Accountability Policies for the FY 2019/20 Budget; and
3) Forward to the Commission for final action.
11. STATE AND FEDERAL LEGISLATIVE UPDATE
Page 110
Overview
This item is for the Committee to:
1) Receive and file an update on state and federal legislation;
2) Adopt RCTC’s Federal Reauthorization Principles;
3) Adopt the following bill position:
a) AB 252 (Daly, Frazier); and
4) Forward to the Commission for final action.
Budget and Implementation Committee
February 25, 2019
Page 4
12. ACTIVE TRANSPORTATION PROGRAM CYCLE 4 – RIVERSIDE COUNTY PROJECT
RECOMMENDATIONS FOR METROPOLITAN PLANNING ORGANIZATION REGIONAL
PROGRAM
Page 114
Overview
This item is for the Committee to:
1) Approve the Riverside County Active Transportation Program (ATP) projects for
inclusion in the Metropolitan Planning Organization (MPO) ATP Regional Program
Cycle 4 consisting of the highest scoring implementation projects in the total amount
of $10,612,000;
2) Authorize staff to adjust the amounts to projects in either the ATP or Sustainable
Communities Program to maximize available funds in Riverside County;
3) Submit the recommended projects to the Southern California Association of
Governments (SCAG) for inclusion in the MPO ATP Regional Program and subsequent
submittal to the California Transportation Commission (CTC) for final approval in June
2019;
4) Submit the MPO ATP regional projects to SCAG for inclusion in the Federal
Transportation Improvement Program (FTIP) programming;
5) Direct staff to coordinate with the MPO ATP Regional Program project sponsors
regarding timely funding allocations, obligations, and project delivery; and
6) Forward to the Commission for final action.
13. LOCAL TRANSPORTATION FUND ADVANCE LOAN TO RIVERSIDE TRANSIT AGENCY
Page 121
Overview
This item is for the Committee to:
1) Approve a loan to advance Local Transportation Funds (LTF) in the amount of
$22 million to Riverside Transit Agency (RTA) under the condition the loan is repaid
to the Commission within 14 days of receipt of Federal Transit Administration (FTA)
Section 5307 funds; and
2) Forward to the Commission for final action.
14. CALL BOX PROGRAM UPGRADE/REDUCTION PLAN AND AGREEMENTS
Page 127
Overview
This item is for the Committee to:
1) Approve the implementation of the 2019 Call Box Upgrade and Reduction Plan (CB
Plan);
Budget and Implementation Committee
February 25, 2019
Page 5
2) Approve Agreement No. 19-45-059-00 with San Bernardino County Transportation
Authority (SBCTA) to provide for the reimbursement of call answering center (CAC)
services related to the operation of call box CAC services associated with the call
boxes and future 511 motorist assistance services in an amount not to exceed
$180,000;
3) Approve Agreement No. 13-45-102-05, Amendment No. 5 to Agreement
No. 13-45-102-00, with CASE Systems, Inc. (CASE) to provide call box removal and
upgrade services consistent with the CB Plan and for the continued provision of call
box maintenance services through June 30, 2020 for an additional amount of
$275,000, and a total amount not to exceed $1,765,440;
4) Approve the sunset of the Call Box Program at the end of Fiscal Year 2023/24 or in
conjunction with the next system network upgrade, whichever comes first;
5) Authorize the Executive Director pursuant to legal counsel review, to execute the
agreements on behalf of the Commission; and
6) Forward to the Commission for final action.
15. ELECTION OF OFFICERS FOR THE BUDGET AND IMPLEMENTATION COMMITTEE
Page 149
Overview
This item is for the Budget and Implementation Committee to conduct an election of officers
for 2019 – Chair and Vice Chair.
16. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA
17. COMMISSIONERS / STAFF REPORT
Overview
This item provides the opportunity for the Commissioners and staff to report on attended
and upcoming meeting/conferences and issues related to Commission activities.
18. ADJOURNMENT
The next Budget and Implementation Committee meeting is scheduled to be held at
9:30 a.m., Monday, March 25, 2019, Board Chambers, First Floor, County Administrative
Center, 4080 Lemon Street, Riverside.
AGENDA ITEM 5
MINUTES
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
BUDGET AND IMPLEMENTATION COMMITTEE
Monday, November 26, 2018
MINUTES
1. CALL TO ORDER
The meeting of the Budget and Implementation Committee was called to order by
Chair Rusty Bailey at 9:32 a.m., in the Board Room at the County of Riverside
Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501.
2. ROLL CALL
Members/Alternates Present Members Absent
Rusty Bailey Rick Gibbs
Randall Bonner Steven Hernandez
Jan Harnik* Michael Naggar
Jim Hyatt Greg Pettis
Linda Krupa
Bob Magee
Scott Matas
Dana Reed
John F. Tavaglione
Chuck Washington
Lloyd White
*Arrived after the meeting was called to order
3. PLEDGE OF ALLEGIANCE
Commissioner John Tavaglione led the Budget and Implementation Committee in a flag
salute.
4. PUBLIC COMMENTS
There were no requests to speak from the public.
RCTC Budget and Implementation Committee Minutes
November 26, 2018
Page 2
5. APPROVAL OF MINUTES – AUGUST 27, 2018
M/S/C (Reed/Hyatt) to approve the minutes of August 27, 2018 meeting as
submitted.
6. ADDITIONS / REVISIONS
There were no additions or revisions to the agenda.
7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single
motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled
from the Consent Calendar will be placed for discussion at the end of the agenda.
M/S/C (Washington/Reed) to approve the following Consent Calendar item(s):
7A. QUARTERLY INVESTMENT REPORT
1) Receive and file the Quarterly Investment Report for the quarter ended
September 30, 2018; and
2) Forward to the Commission for final action.
8. ANNUAL INVESTMENT POLICY REVIEW
Michele Cisneros, Deputy Finance Director, provided details for the revised annual
Investment Policy review.
At this time, Commissioner Jan Harnik joined the meeting.
In response to Commissioner Chuck Washington’s inquiry, Michele Cisneros explained
supranational is an entity formed by two or more central governments and provided some
institution examples and their credit quality. She stated three of these supranational are
Washington D.C. based, which is: the International Bank of Reconstruction and
Development, the International Finance Corp., and the Inter-American Development
Bank.
Commissioner Harnik referred to the supranational and expressed appreciation staff
changed the surplus to Commission’s fund. She referred to the first page of the
investment policy number III delegation of authority to the sixth midline – director may
delegate these duties to his designee and asked to make that gender non-specific. She
referred to page 79 – certificates of deposit as it says the maturity of Negotiable
Certificates of Deposit (NCDs) shall not exceed 180 days and the change to one year to
maturity. She inquired about the reason for what was motivating that change.
RCTC Budget and Implementation Committee Minutes
November 26, 2018
Page 3
Michele Cisneros replied just to help provide maybe a better yield as the longer you go
out a better yield can be received. She is uncertain specifically and staff can reach out to
the Commissioners once she receives clarification from Theresia Trevino.
Anne Mayer explained based on the questions that were asked staff will include
information on those in the agenda item that will go to the December Commission
meeting.
Commissioner Dana Reed suggested this agenda item is not on the consent calendar at
its December Commission meeting so whether it be the Commission’s financial advisor to
show the Commission has done their due diligence for protection.
M/S/C (Bonner/Hyatt) to:
1) Adopt Resolution No. 18-018, “Resolution of the Riverside County
Transportation Commission Regarding the Revised Investment Policy”;
2) Adopt the revised annual Investment Policy; and
3) Forward to the Commission for final action.
9. AMENDMENT TO SUNLINE TRANSIT AGENCY’S FISCAL YEAR 2018/19 SHORT RANGE
TRANSIT PLAN
Fina Clemente, Transit Manager, presented the details for the amendment to SunLine
Transit Agency’s (SunLine) Fiscal Year 2018/19 Short Range Transit Plan.
M/S/C (Bonner/Bailey) to:
1) Approve a modification to SunLine Transit Agency’s (SunLine) Fiscal Year
2018/19 operating assistance funding by amending the original amount
of $38,900,991 to $39,654,404 to reflect additional operating expenses
and revenues for the West Coast Center of Excellence funded with
federal Section 5309 pass-through funds from the Center for
Transportation and the Environment (CTE), the Buzz Service subsidized
by the city of Palm Springs, and personnel costs for eight new full-time
employees scheduled to start in January 2019 and funded with additional
Local Transportation Funds (LTF);
2) Approve a modification to SunLine’s FY 2018/19 capital improvement
program to reflect an additional request of $2,982,000 in LTF to cover
capital expenses related to various stations, facilities and building
projects, and partial funding to purchase five trolleys for the new Buzz
Service;
3) Approve a modification to SunLine’s FY 2018/19 capital improvement
program to reflect an increase of $178,239 in FY 2017/18 Federal Transit
RCTC Budget and Implementation Committee Minutes
November 26, 2018
Page 4
Administration (FTA) Section 5339 funds offset by a decrease of the same
amount in State Transit Assistance (STA) funds for the fixed route bus
replacement, information technology and transit enhancement projects;
4) Reprogram the STA capital amount of $418,000 originally identified in
the FY 2014/15 Short Range Transit Plan (SRTP) for the operator
breakroom project to the purchase of five trolleys for the Buzz Service;
5) Approve a $2,982,000 adjustment to the FY 2018/19 budget to increase
LTF capital expenditures and a $178,239 adjustment to decrease STA
expenditures;
6) Approve an amendment to SunLine’s FY 2018/19 SRTP to reflect these
changes; and
7) Forward to the Commission for final action.
10. AGREEMENT FOR AUDIT SERVICES FOR THE TRANSPORTATION DEVELOPMENT ACT
TRIENNIAL AUDIT
Monica Morales, Management Analyst, provided an overview for the award agreement
for audit services for the Transportation Development Act Triennial Audit.
M/S/C (White/Bonner) to:
1) Award Agreement No. 19-62-009-00 to Michael Baker International, Inc.
for audit services for the Transportation Development Act (TDA)
Triennial Audit for a three-year term, plus one two-year option, in an
amount not to exceed $220,815;
2) Authorize the Chair or Executive Director, pursuant to legal counsel
review, to execute the agreement on behalf of the Commission; and
3) Forward to the Commission for final action.
At this time, Commissioner Bob Magee left the meeting.
11. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA
There were no items pulled from the consent calendar.
12. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT
12A. Anne Mayer announced:
• The first weekend of the Festival of Lights commenced and expressed
gratitude the Downtown Metrolink station was decorated beautiful. She
RCTC Budget and Implementation Committee Minutes
November 26, 2018
Page 5
expressed it is exciting to bring so many visitors to the city and county of
Riverside to enjoy a special event; and
• On December 5th the California Transportation Commission (CTC) will be in
Riverside to hold their CTC meeting in the Board Room and there will be a
reception at 5:00 p.m. in the Atrium.
12B. Commissioner Reed stated in going through the city of Moreno Valley at least 50
percent of the vehicles in the carpool lane only had a single occupancy driver. He
explained when being on the Orange County Commission, state law allowed the
Orange County Commission to retain the services of the California Highway Patrol
(CHP) to enforce the HOV lanes and they kept half of the fine to pay for the service.
He requested if there is anyone’s desire where the Commission can revisit where
there would be a funding source to pay for enforcement.
Anne Mayer replied that is a regular occurrence for those that come in on other
corridors as well. She would suggest at the Commission Workshop to include a
discussion about the current use of carpool lanes enforcement issues, current
options there are with respect to enforcement, and the longer-term issues with
the HOV network in the County.
13. ADJOURNMENT
There being no further business for consideration by the Budget and Implementation
Committee, the meeting was adjourned at 9:59 a.m.
Respectfully submitted,
Lisa Mobley
Clerk of the Board
AGENDA ITEM 7A
Agenda Item 7A
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Michele Cisneros, Deputy Director of Finance
THROUGH: Theresia Trevino, Chief Financial Officer
SUBJECT: Quarterly Financial Statements
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Receive and file the Quarterly Financial Statements for the six months ended
December 31, 2018; and
2) Forward to the Commission for final action.
BACKGROUND INFORMATION:
During the first six months of the fiscal year, staff monitored the revenues and expenditures of
the Commission. The attached financial statements present the revenues and expenditures for
the first six months of the fiscal year. Period closing accrual adjustments are not included for
revenues earned but not billed and expenditures incurred for goods and services received but
not yet invoiced, as such adjustments are normally made during the year-end closing process.
The operating statement shows the sales tax revenues through the second quarter at 37 percent
of the budget. This is a result of Governmental Accounting Standards Board (GASB) Statement
No. 33, Accounting and Financial Reporting for Nonexchange Transactions. GASB Statement No.
33 requires sales tax revenues to be accrued for the period in which it is collected at the point of
destination or sale, as applicable. The California Department of Tax and Fee Administration
(CDTFA) collects the Measure A funds and remits these funds to the Commission after the
reporting period for the businesses. This creates a two-month lag in the receipt of revenues by
the Commission. Accordingly, these financial statements reflect the revenues related to
collections through October 2018.
On a cash basis, the Measure A and Local Transportation Fund (LTF) sales tax receipts through
the second quarter are 9.92 percent and 8.77 percent higher, respectively, than the same period
last fiscal year. This is significantly higher than the same period in previous fiscal years and
reflects inconsistencies from the first quarter report of Measure A and LTF sales tax receipts at
3.73 and 7.17 percent lower, respectively, than the same period last fiscal year. As reported by
staff to the Commission in November 2018, this is a result of the CDTFA implementation of a new
centralized revenue opportunity system and resolving the problems and catching up on the
1
Agenda Item 7A
unprocessed sales tax returns in the second quarter. Staff is hopeful that the CDTFA has caught
up on the unprocessed sales tax returns and the third quarter will reflect normal trends. Staff
will continue to monitor the trends in the sales tax receipts and report to the Commission any
necessary adjustments.
Federal, state, and local reimbursements are generally on a reimbursement basis. The
Commission will receive these revenues as eligible project costs are incurred and invoiced to the
respective agencies. The negative revenue amounts for federal and state reimbursements reflect
the reversal of the FY 2017/18 accrued revenues at the beginning of FY 2018/19 in excess of
amounts billed during the first and second quarters. Reimbursement invoices for the
expenditures for the second quarter will be prepared and submitted in the third quarter.
During the FY 2018/19 budget process, the Commission’s conservative approach estimated the
Transportation Uniform Mitigation Fee (TUMF) revenues passed through from the Western
Riverside Council of Governments (WRCOG) at $21 million. The Commission received TUMF
receipts from July 2018 through October 2018 in the second quarter. The budgeted balance of
$1.9 million relates to the TUMF zone reimbursements from WRCOG for the Interstate 15
interchange at Railroad Canyon in the city of Lake Elsinore.
Toll revenues budgeted at $32 million represents projected toll transactions for the
RCTC 91 Express Lanes operations based on estimated toll transactions and current traffic and
revenue data. The operating statement shows toll revenues 73 percent of the budget and toll
violations and fee revenues at 92 percent of the budget. The RCTC 91 Express Lanes toll
transactions have exceeded initial expectations; accordingly, the Commission’s traffic consultant
recently updated the investment grade traffic and revenue study, which will be used in
subsequent budgets.
The operating statement shows other revenues at 308 percent of the $539,000 budget and
reflects the sale of highway property and the reimbursement of property drainage improvements
on Commission-owned properties.
The Commission took a conservative approach in estimating investment income for FY 2018/19.
Investment income is higher primarily as a result of rising investment yields and investment of
sales tax revenue bond proceeds.
The expenditures/expenses and other financing sources/uses categories are in line overall with
the expectations of the budget with the following exceptions:
• Professional services are under budget due to unused budget authority for rail operations
and development activities, highway general legal services, toll operations, public
outreach activities, and audit and sales tax consultant fees;
• Support costs are under budget due to unused budget authority for rail operations and
commuter assistance advertising and marketing, rail station maintenance, and toll
operations;
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Agenda Item 7A
• Program operations are under budget due to unused budget authority for the I-15 Express
Lanes, 15/91 Express Lanes Connector, I-15 Express Lanes - southern extension, Pachappa
Underpass, and Santa Ana River Trail projects; toll operations; motorist and commuter
assistance program operations; highway and rail program management; and station
security;
• The status of significant Commission capital projects (engineering, construction, design-
build, and right of way/land) with budget amounts exceeding $5 million is discussed in
the attachment;
• Operating and capital disbursements are made as claims are submitted to the
Commission by transit operators;
• Special studies unused budget authority relates to feasibilities studies;
• Local streets and roads expenditures are related to the timing of Measure A sales tax
revenues. These financial statements reflect the collections and related turnback
payments through October 2018;
• Regional arterial expenditures primarily represents expenditures for the highways and
regional arterial program administered by Coachella Valley Association of Governments
(CVAG). CVAG requests reimbursements from the Commission based on available funds
and sufficient budget authority;
• Debt service principal payments are made annually on June 1, while debt service interest
payments are made semiannually on December 1 and June 1. On a quarterly basis in the
RCTC 91 Express Lanes Enterprise Fund accounting records, the Commission records
accrued interest including compounded interest on the SR-91 Project Transportation
Infrastructure Finance and Innovation Act (TIFIA) loan and the 2013 Toll Revenue Bonds
Series B (capital appreciation). However, $10.3 million of the $35.7 million interest cost
through the second quarter will not be paid in the current year and therefore is not
included in the FY 2018/19 budget;
• Payment to escrow agent unused budget authority relates to $20 million of toll-operation
surplus revenues to be deposited to the 2013 TIFIA loan reserve fund as required by June
30, 2019, under the TIFIA loan agreement;
• Capital outlay expenditures are under budget due to unused budget authority for office
and property improvements for the I-15 Express Lanes project; station rehabilitation; toll
operations office improvements and transponders; and Commission office, network,
hardware, and software improvements;
• Depreciation is recorded as part of the accrual adjustments in the RCTC 91 Express Lanes
Enterprise Fund accounting records; however, such depreciation is not a cash-related
item and therefore is not included in the FY 2018/19 budget;
• Loss on sale of land is recorded as part of the RCTC 91 Express Lanes Enterprise Fund
accounting records and reflects the loss on sale of excess land purchased for the SR-91
Project. Loss on sale of land is not a cash-related item, and therefore, is not included in
the FY 2018/19 budget; and
• The Commission entered into a loan agreement with the U.S. Department of
Transportation for a $152.2 million TIFIA loan to pay eligible I-15 Express Lanes project
costs. Proceeds of the TIFIA loan may be drawn upon after certain conditions have been
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Agenda Item 7A
met. Through the second quarter, the Commission drew down $0 in TIFIA loan proceeds.
During construction of the I-15 Express Lanes project and for a period of up to five years
following substantial completion, interest is compounded and added to the TIFIA loan.
TIFIA debt service payments are expected to commence June 2025, which is
approximately five years after substantial completion of the I-15 Express Lanes project,
through 2055.
Attachments:
1) Quarterly Project Status – December 2018
2) Quarterly Financial Statements – December 2018
4
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
QUARTERLY PROJECT STATUS
2ND QUARTER
FOR SIX MONTHS ENDED 12/31/2018
FY 2018/19
BUDGET
EXPENDITURES
THROUGH 2ND
QUARTER
Project Description Project Status
91 Project (P003028) $28,758,100 $1,667,362 The Design-Build contract achieved substantial completion on March
20, 2017. The Systems Integration and Implementation Contract
retention was released on January 4, 2018. The Commission has
remitted all of the $42 million final settlement to the Design-Builder; the
only remaining costs are for the plant establishment period. The
Certificate of Final Acceptance was issued to the Design-Builder on
March 15, 2018. The under run of the FY 2018/19 budget at the
second quarter is primarily due to an accrual reversal for the Army
Corps of Engineers Reach 9 project ($2 million) and future right of way
(ROW) settlement costs that have not yet occurred.
The project connects with Orange County
Transportation Authority’s tolled express lanes at the
Orange County/Riverside County line and continues
approximately eight miles to the Interstate (I)-15/State
Route (SR)-91 interchange. The project involves
widening pavement on the outside of the existing
highway to reposition general purpose lanes and
repurposing the existing high occupancy vehicle lanes
to accommodate two-tolled express lanes in the
median in each direction. The 91 Project also involves
constructing one new general purpose lane in each
direction from SR-71 to I-15, ultimately providing two-
tolled express lanes and five general purpose lanes in
each direction. 91 Project development activities
began in September 2007, construction work related to
roadway and structures began in July 2014, and the toll
lanes opened in March 2017. The total acquisition and
construction cost of the 91 Project is estimated at $1.4
billion, including capitalized interest, debt service
reserves, contingency, and cost of issuance.
I-15 Express Lanes project (P003027) 152,864,800 39,258,243 The toll services provider (TSP) contract was awarded in January
2017, the Design-Build contract was awarded in April 2017, and the
project financing was completed in July 2017. Overall design is
approximately 99% complete and construction is approximately 27%
complete. The TSP contractor is 32% complete. The construction and
maintenance agreement with Burlington Northern Santa Fe Railway
was executed on September 28, 2018. Roadway work continued on
the Norco and Eastvale segments. Out of the total eleven bridges, two
are complete and five are under construction. Out of the total six sound
walls, four are complete and two are under construction. The under
run of the FY 2018/19 budget at the second quarter is due to under
runs in the Design-Build contract ($27 million), the project construction
and management (PCM) contract ($3 million), and the TSP contract
($3 million).
The project will generally add two tolled express lanes
in each direction from SR-60 to Cajalco Road in
Corona. Project development activities began in April
2008, and lanes are expected to open to traffic in 2020.
The 2017 Base Case estimates the total project cost at
$471 million, which includes $42 million of contingency.
ATTACHMENT 1
5
FY 2018/19
BUDGET
EXPENDITURES
THROUGH 2ND
QUARTER
Project Description Project Status
15/91 Express Lanes Connector (P003039) 55,826,300 8,485,963 In October 2017 the Commission approved an amendment to the
existing I-15 Express Lanes project PCM contract for 15/91 ELC
project approval and environmental document work. In November
2017 the Commission approved a contract with WSP USA, Inc. for
15/91 ELC project management services. In January 2018 the
Commission approved an amendment to the existing I-15 Express
Lanes project PCM contract for 15/91 ELC PCM support. From April
to June 2018 the Commission approved one amendment and two
change orders to the existing Design-Builder contract for preliminary
15/91 ELC design and geotech work. In March 2018 the Commission
approved a change order to the existing TSP contract for 15/91 ELC
tolling software support. In July 2018 the Commission approved a
change order to the existing TSP contract to install lane side equipment
on SR-91. In October 2018 the Commission approved a change order
for construction at the Hidden Valley Parkway. The under run of the
FY 2018/19 budget at the second quarter is due to an under run in the
Design-Build contract ($12 million).
The 15/91 Express Lane Connector (ELC) project
constructs an express lanes median direct connector
from southbound I-15 to westbound SR-91 and from
eastbound SR-91 to northbound I-15 in the city of
Corona. The project also adds tolled-express lanes in
each direction of I-15 from the 15/91 ELC to Hidden
Valley Parkway; adds a tolled-express lane in each
direction of SR-91 from east of Lincoln Avenue to the
15/91 ELC; extends the tolled-express lane along
eastbound SR-91 from I-15 to west of Promenade
Avenue; and extends eastbound auxiliary lane along
SR-91 from west of I-15 to west of Promenade Avenue.
The project also includes the addition of a toll collection
system infrastructure along I-15 and SR-91. The
estimated project cost is $180 million and the project is
partially funded by state funds allocated under Senate
Bill (SB) 132 legislation. The connector is expected to
open to traffic in 2022.
I-15 Express Lanes Southern Extension (P003044) 5,061,300 69,561 In September 2017 the Commission approved the allocation of $50
million of 2018 STIP funds to the I-15 Express Lanes Southern
Extension Project. In November 2018 a Request for Qualifications was
advertised for the completion of Project Approval and Environmental
Document. The award of this contract is anticipated in May 2019.
The project will add express lanes between SR-74 and
Cajalco Road. The estimated project cost is $544
million with the Project Approval and Environmental
Document phase of work funded by state funds
allocated under SB 1 State Transportation
Improvement Program (STIP) funds.
6,000,000 504,972
91 Corridor Operations Project (P623046)
The project will construct several operational
improvements along the SR-91 including I-15
northbound 91 Express Lanes ingress and SR-91
westbound general purpose lane improvements at the
County Line. The estimated project cost is $6 million
for environmental and design and $36 million for
Construction. Initial project activities are funded by
surplus toll revenues.
I-15 northbound 91 Express Lanes ingress restriping and the
westbound SR-91 restriping at the County line are complete. In
December, the Commission approved completing final design and
construction of the westbound general purpose lane from the Green
River Road on-ramp to SR-241 (91 WB Option 4M). Construction
funding allocation by the Commission will be determined in 2019.
6
FY 2018/19
BUDGET
EXPENDITURES
THROUGH 2ND
QUARTER
Project Description Project Status
Mid County Parkway (P002302, P612302, P002320,
& P002317) 35,404,300 2,248,679 The Commission approved the procurement for final design of the I-
215/Placentia Interchange in November 2016 and notice to proceed
was issued the same month. Staff continues to work on the approval
of the Compensatory Mitigation Plan with the U.S. Army Corps of
Engineers. Staff continues the work on the Cultural Landscape Study
for cultural resources mitigation. The Commission has acquired most
of the mitigation land needed for the project. In July 2018 the
Commission approved the procurement for final design of the
Sweeney mitigation land. Staff continues to work on identifying the
remaining mitigation land needed. Staff continues to work with state
and federal agencies on permitting packages for the first construction
contract. On June 29, 2018 settlement was reached with plaintiffs
challenging the environmental document. In October 2018, the
Commission awarded a contract to a construction management firm
for the Sweeney mitigation site.
The environmental document for a new corridor from I-
215 to SR-79 was approved in April 2015. The first
design package is anticipated to be completed in FY
2018/2019. Construction of this new facility will be
completed over many years as funding becomes
available; the total project cost is estimated at $1.3 to
$1.6 billion.
Pachappa Underpass project (P003038) 14,453,400 35,019 The Construction and Maintenance Agreement with Union Pacific
Railroad (UPRR) was obtained. Preparation of a funding agreement
with Caltrans is underway. UPRR may not be able to support the
project due to recent staff layoffs.
The project will remove the Pachappa shoofly structure
and associated retaining walls and construct a
retaining wall, drainage, and track bed for the
permanent Pachappa underpass. Track relocation will
be performed by UPRR. The project construction cost
is estimated at $12 million.
SR-60 Truck Lanes (P003029) 26,861,200 230,454 On August 16, 2018 the California Transportation Commission
approved funding for the project. Caltrans provided all design
documents for construction advertisement on September 20, 2018.
The project was advertised for construction on October 18, 2018 as
scheduled, and bids were received on November 29, 2018.
Construction is anticipated to start on March 28, 2019. The selection
process for a construction management consultant was completed and
approved by the Commission at the December 2018 meeting.
The project will construct eastbound climbing and
westbound descending truck lanes from Gilman
Springs Road to west of Jack Rabbit trail; upgrade
existing shoulders to standard widths. The estimated
project cost is $138 million and the project is funded by
Congestion Mitigation and Air Quality, STIP/Regional
Improvement Program, State Highway Operation and
Protection Program, and 2009 Measure A highway
funds.
71/91 Connector Project (P003021) 9,462,400 331,036 Currently, construction is on hold until a funding source for construction
is identified. Staff met with Southern California Association
Government’s Transportation Conformity Working Group to confirm
the project is not a project of air quality concern. Staff continues to
coordinate with Southern California Gas to relocate a high pressure
gas line due to a conflict. Staff is also working with the last property
owner where permanent rights are required as well as the agencies
where temporary rights are required to close out the ROW phase.
Burlington Northern Santa Fe Railroad has concurred with the
structure design over the railroad for the Green River Road eastbound
entrance ramp bridge.
The project includes ROW acquisition, utility
relocation, and environmental revalidation work for
improvements to the 71/91 connector. The estimated
project cost is $118 million.
7
FY 2018/19
BUDGET
EXPENDITURES
THROUGH 2ND
QUARTER
Project Description Project Status
Riverside Layover Facility (P653822) 6,267,600 101,575 The Plan Specification & Estimate is being finalized, incorporating
construction manager comments. The final submittal to Southern
California Regional Rail Authority (SCRRA) is being prepared for
review. The cooperative agreement between the Commission and
SCRRA is being finalized. ROW is in the acquisition process. The
construction contract is scheduled for advertisement on February 28,
2019, with a limited notice to proceed for procurement of long-lead
items expected in June 2019.
The project includes increased capacity and
maintenance service improvements to Metrolink’s
West Layover Facility, north of the Riverside
Downtown station. The improvements include
expansion of the facility to accommodate three storage
tracks with an overall storage capacity of three 6-train
sets. The estimated project cost is $5.3 million and the
project is funded by Federal Transit Administration
Section 5307.
This list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags
in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on
aggressive project schedules.
8
Revenues
Sales tax 304,203,600$ 111,254,126$ (192,949,474)$ 37%
Federal reimbursements 59,105,700 26,571,361 (32,534,339)45%
State reimbursements 166,590,113 6,363,662 (160,226,451)4%
Local reimbursements 24,037,900 959,766 (23,078,134)4%
Transportation Uniform Mitigation Fee 22,922,200 10,198,061 (12,724,139)44%
Toll revenues 32,046,800 23,541,599 (8,505,201)73%
Toll violations and fee revenues 4,893,700 4,481,810 (411,890)92%
Other revenues 539,000 1,660,300 1,121,300 308%
Investment income 3,408,000 3,405,464 (2,536)100%
Total revenues 617,747,013 188,436,149 (429,310,864)31%
Expenditures/Expenses
Salaries and benefits 10,354,700 5,043,142 5,311,558 49%
Professional and support
Professional services 20,781,100 4,821,788 15,959,312 23%
Support costs 11,794,600 4,468,830 7,325,770 38%
Total Professional and support costs 32,575,700 9,290,618 23,285,082 29%
Projects and operations
Program operations - general 26,736,700 9,068,002 17,668,698 34%
Engineering 36,538,500 3,944,797 32,593,703 11%
Construction 123,160,800 14,352,956 108,807,844 12%
Design Build 185,312,346 46,186,500 139,125,846 25%
Right of way/land 93,564,300 5,070,612 88,493,688 5%
Operating and capital disbursements 224,360,985 90,492,499 133,868,486 40%
Special studies 1,842,000 671,501 1,170,499 36%
Local streets and roads 56,951,500 21,025,580 35,925,920 37%
Regional arterials 30,547,000 5,573,599 24,973,401 18%
Total projects and operations 779,014,131 196,386,046 582,628,085 25%
Debt service
Principal 25,965,000 - 25,965,000 N/A
Interest 50,710,600 35,704,356 15,006,244 70%
Payment to escrow agent 20,000,000 - 20,000,000 N/A
Total debt service 96,675,600 35,704,356 60,971,244 37%
Capital outlay 10,772,417 3,689,428 7,082,989 34%
Depreciation - 5,315,327 (5,315,327) N/A
Loss on sale of land - 2,224,669 (2,224,669) N/A
Total Expenditures/Expenses 929,392,548 257,653,586 671,738,962 28%
Excess revenues over (under) expenditures/expenses (311,645,535) (69,217,437) 704,332,665 22%
Other financing sources/(uses)
Transfer in 182,214,300 61,281,364 (120,932,936) 34%
Transfer out (182,214,300) (61,281,364) 120,932,936 34%
TIFIA loan proceeds 106,081,000 - (106,081,000) N/A
Total financing sources/(uses)106,081,000 - 106,081,000 N/A
Net change in fund balances (205,564,535) (69,217,437) 810,413,665 34%
Fund balance July 1, 2018 789,451,200 498,270,206 (291,180,994) 63%
Fund balance December 31, 2018 583,886,665$ 429,052,769$ 519,232,671$ 73%
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
QUARTERLY BUDGET TO ACTUAL
FY 2018/19
BUDGET
2ND QUARTER
ACTUAL
PERCENT
UTILIZATION
REMAINING
BALANCE
FOR SIX MONTHS ENDED 12/31/2018
2ND QUARTER
ATTACHMENT 2
9
STATE OF GOOD REPAIROTHER AGENCY PROJECTS SB132RevenuesSales tax -$ -$ 53,943,586$ 14,862,576$ 354,580$ 35,594,812$ 4,955,094$ -$ -$ 1,543,478$ -$ -$ Federal reimbursements 22,029 - 25,150,812 - - - - - (91) - - - State reimbursements 999,359 678,550 (30,317) - - - - - - - - 4,716,070 Local reimbursements (104,015) (217,415) 1,045,064 - - - - 307,630 - - (73,487) - Transportation Uniform Mitigation Fee - - - - - - - 10,198,061 - - - - Toll revenues - - - - - - - - - - - - Toll violations and fee revenues - - - - - - - - - - - - Other revenues 7,910 - 1,643,364 - - - - 9,000 - - - - Investment income5,665 1,829 484,014 87,032 - 19,531 170,167 172,133 650 691 114 - Total revenues930,948 462,964 82,236,523 14,949,608 354,580 35,614,343 5,125,261 10,686,824 559 1,544,169 (73,373) 4,716,070 Expenditures/ExpensesSalaries and benefits3,315,111 49,225 1,264,229 - - - - 90,956 3,650 - 15,926 103,382 Professional and support Professional services1,441,960 103,420 1,592,454 3,794 - - 7,034 45,706 357,226 - - 729,640 Support costs2,315,948 54,838 297,540 - - - - 10,429 - - 141 45 Total Professional and support costs3,757,908 158,258 1,889,994 3,794 - - 7,034 56,135 357,226 - 141 729,685 Projects and operationsProgram operations - general1,026,012 1,318,363 2,600,951 - - - - 163,135 - - 33,417 23,092 Engineering- - 872,516 - - - - 1,588,343 - - 136,220 1,347,718 Construction- - 6,326,355 - - - - (47,785) - - - 8,074,386 Design Build- - 38,804,748 - - - - - - - - 7,381,752 Right of way/land- - 4,767,621 - - - - 332,876 - - (29,885) - Operating and capital disbursements 11,997,906 - 3,218,614 2,500,000 - 70,281,427 2,494,552 - - - - - Special studies671,501 - - - - - - - - - - - Local streets and roads- - 15,522,799 5,151,701 351,080 - - - - - - - Regional arterials- - - 5,573,599 - - - - - - - - Total projects and operations13,695,419 1,318,363 72,113,604 13,225,300 351,080 70,281,427 2,494,552 2,036,569 - - 139,752 16,826,948 Debt serviceInterest- - - - - - - - - - - - Total debt service- - - - - - - - - - - - Capital outlay23,854 - 2,547,164 - - - - - - - - - Depreciation- - - - - - - - - - - Loss on sale of land- - - - - - - - - - - Total Expenditures/Expenses20,792,292 1,525,846 77,814,991 13,229,094 351,080 70,281,427 2,501,586 2,183,660 360,876 - 155,819 17,660,015 Excess revenues over (under) expenditures/expenses(19,861,344) (1,062,882) 4,421,532 1,720,514 3,500 (34,667,084) 2,623,675 8,503,164 (360,317) 1,544,169 (229,192) (12,943,945) Other financing sources/(uses)Transfer in18,974,348 3,600,000 2,721,049 - - 1,170,000 - 38,098 - - - - Transfer out(1,625,100) (3,685,300) (37,659,784) (261,300) (13,800) (15,612,648) (59,700) (114,800) (32,400) - - (469,900) Total financing sources/(uses)17,349,248 (85,300) (34,938,735) (261,300) (13,800) (14,442,648) (59,700) (76,702) (32,400) - - (469,900) Net change in fund balances(2,512,096) (1,148,182) (30,517,203) 1,459,214 (10,300) (49,109,732) 2,563,975 8,426,462 (392,717) 1,544,169 (229,192) (13,413,845) Fund balance July 1, 201826,040,494 9,238,957 276,997,302 52,068,076 557 110,435,854 91,842,733 78,409,987 3,266,323 - 3,142 (268,754) Fund balance December 31, 201823,528,398$ 8,090,775$ 246,480,099$ 53,527,290$ (9,743)$ 61,326,122$ 94,406,708$ 86,836,449$ 2,873,606$ 1,544,169$ (226,050)$ (13,682,599)$ GENERAL FUNDFSP/SAFEWESTERN COUNTYPALO VERDE VALLEYCOACHELLA VALLEYRIVERSIDE COUNTY TRANSPORTATION COMMISSIONQUARTERLY BUDGET TO ACTUAL BY FUND2ND QUARTERFOR SIX MONTHS ENDED 12/31/2018COACHELLA VALLEY RAILSTATE TRANSIT ASSISTANCELOCAL TRANSPORTATION FUNDSPECIAL REVENUE FUNDSMEASURE A SALES TAXTRANSPORTATION UNIFORM MITIGATION FEE (TUMF)TRANSPORTATION DEVELOPMENT ACT10
RevenuesSales taxFederal reimbursementsState reimbursementsLocal reimbursementsTransportation Uniform Mitigation FeeToll revenuesToll violations and fee revenuesOther revenuesInvestment incomeTotal revenuesExpenditures/ExpensesSalaries and benefitsProfessional and support Professional servicesSupport costsTotal Professional and support costsProjects and operationsProgram operations - generalEngineeringConstructionDesign BuildRight of way/landOperating and capital disbursementsSpecial studiesLocal streets and roadsRegional arterialsTotal projects and operationsDebt serviceInterestTotal debt serviceCapital outlayDepreciationLoss on sale of landTotal Expenditures/ExpensesExcess revenues over (under) expenditures/expensesOther financing sources/(uses)Transfer inTransfer outTotal financing sources/(uses)Net change in fund balancesFund balance July 1, 2018Fund balance December 31, 2018ENTERPRISE FUNDTOLL OPERATIONS-$ -$ -$ -$ 111,254,126$ - - - 1,398,611 26,571,361 - - - - 6,363,662 1,989 - - - 959,766 - - - - 10,198,061 23,541,599 - - - 23,541,599 4,481,810 - - - 4,481,810 26 - - - 1,660,300 596,521 655,749 1,087,955 123,413 3,405,464 28,621,945 655,749 1,087,955 1,522,024 188,436,149 200,663 - - - 5,043,142 540,554 - - - 4,821,788 1,789,889 - - - 4,468,830 2,330,443 - - - 9,290,618 3,903,032 - - - 9,068,002 - - - - 3,944,797 - - - - 14,352,956 - - - - 46,186,500 - - - - 5,070,612 - - - - 90,492,499 - - - - 671,501 - - - - 21,025,580 - - - - 5,573,599 3,903,032 - - - 196,386,046 13,908,987 - - 21,795,369 35,704,356 13,908,987 - - 21,795,369 35,704,356 1,118,410 - - - 3,689,428 5,315,327 - - - 5,315,327 2,224,669 - - - 2,224,669 29,001,531 - - 21,795,369 257,653,586 (379,586) 655,749 1,087,955 (20,273,345) (69,217,437) - - - 34,777,869 61,281,364 (299,200) - (48,821) (1,398,611) (61,281,364) (299,200) - (48,821) 33,379,258 - (678,786) 655,749 1,039,134 13,105,913 (69,217,437) (277,767,334) 21,576,316 95,343,644 11,082,909 498,270,206 (278,446,120)$ 22,232,065$ 96,382,778$ 24,188,822$ 429,052,769$ COMMERCIAL PAPERRIVERSIDE COUNTY TRANSPORTATION COMMISSIONQUARTERLY BUDGET TO ACTUAL BY FUND2ND QUARTERFOR SIX MONTHS ENDED 12/31/2018SALES TAX BONDSDEBT SERVICE COMBINED TOTALCAPITAL PROJECTS FUNDS11
AGENDA ITEM 7B
Agenda item 7B
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Jose Mendoza, Procurement Analyst
Matt Wallace, Procurement Manager
THROUGH: Theresia Trevino, Chief Financial Officer
SUBJECT: Single Signature Authority Report
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Receive and file the Single Signature Authority report for the second quarter ended
December 31, 2018; and
2) Forward to the Commission for final action.
BACKGROUND INFORMATION:
Certain contracts are executed under single signature authority as permitted in the
Commission’s Procurement Policy Manual adopted in June 2018. The Executive Director is
authorized to sign services contracts that are less than $150,000 individually and in an
aggregate amount not to exceed $1.5 million in any given fiscal year. Additionally, in
accordance with Public Utilities Code Section 130323(c), the Executive Director is authorized to
sign contracts for supplies, equipment, materials, and construction of all facilities and works
under $50,000 individually.
The attached report details all contracts that have been executed for the second quarter ended
December 31, 2018, under the single signature authority granted to the Executive Director. The
unused capacity of single signature authority for services at December 31, 2018 is $1,278,206.
Attachment: Single Signature Authority Report as of December 31, 2018
12
CONSULTANTDESCRIPTION OF SERVICESORIGINAL CONTRACT AMOUNTPAID AMOUNTREMAINING CONTRACT AMOUNTAMOUNT AVAILABLE July 1, 2018$1,500,000.00NetFileForm 700 E-filing and administration system15,000.00 0.00 15,000.00ECS Imaging, Inc.Laserfiche document management services44,794.00 22,044.00 22,750.00S2 Engineering, Inc.Construction Management Svcs. - La Sierra Parking Lot Expansion Project150,000.00144,069.065,930.94Potter Handy DBA Center for Disability Settlement agreement12,000.0012,000.000.00AMOUNT USED221,794.00221,794.00$1,278,206.00None N/A $- $- $- Jose MendozaTheresia TrevinoPrepared byReviewed byAMOUNT USEDSINGLE SIGNATURE AUTHORITYAS OF December 31, 2018Note: Shaded area represents new contracts listed in the second quarter.AMOUNT REMAINING through December 31, 2018Agreements that fall under Public Utilities Code 130323 (C)13
AGENDA ITEM 7C
Agenda Item 7C
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Megan Kavand, Senior Financial Analyst
Michele Cisneros, Deputy Finance Director
THROUGH: Theresia Trevino, Chief Financial Officer
SUBJECT: Quarterly Investment Report
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Receive and file the Quarterly Investment Report for the quarter ended
December 31, 2018; and
2) Forward to the Commission for final action.
BACKGROUND INFORMATION:
Prior to Fiscal Year 2013/14, the Commission’s quarterly investment reports reflected
investments primarily concentrated in the Riverside County Pooled Investment Fund. Other
investments included the state Local Agency Investment Fund and mutual funds. As a result of
significant project financings such as the State Route 91 Corridor Improvement Project
(91 Project or 91 CIP) and the Interstate 15 Express Lanes Project (I-15 ELP), the Commission
determined it would be prudent to engage an investment manager for the bond proceeds and
other required funds. Additionally, the Commission desired to engage an investment manager
to provide investment advisory and management services related to the Commission’s operating
funds.
In May 2013, following a competitive procurement, the Commission awarded two investment
management services agreements to Logan Circle Partners, L.P. (Logan) for the 91 Project’s
proceeds generated from the issuance of sales tax revenue bonds and toll revenue bonds and to
Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. At
its April 2017 meeting and based on a competitive procurement, the Commission awarded an
investment management services agreement to Logan related to the issuance of the sales tax
revenue bonds for the I-15 ELP.
Commencing in July 2013, Logan invested the 91 Project debt proceeds and subsequent
91 Project equity contributions in separate accounts of the Short-Term Actively Managed
Program (STAMP). Consistent with financing expectations, the Commission expended
substantially all of the 91 Project debt proceeds and equity contributions, except for the toll
14
Agenda Item 7C
revenue bonds debt service reserve, and subsequent to commencement of operations,
established other required accounts. The Commission authorized Payden & Rygel to make
specific investments for the Commission’s operating funds beginning with the third quarter of FY
2014/15.
In July 2017, the I-15 ELP project and 91 Project completion financing (2017 Financing) was
completed and sales tax bond proceeds approximating $154.6 million were received. Logan
invested the 2017 Financing debt proceeds in accounts of a separate STAMP portfolio during the
first quarter of FY 2017/18.
The quarterly investment report for the second quarter of FY 2018/19, as required by state law
and Commission policy, reflects the investment activities resulting from the 91 Project,
2017 Financing, and available operating cash. The quarterly investment report includes the
following information:
• Investment Portfolio Report;
• 91 CIP STAMP Portfolio by Investment Category;
• 91 CIP STAMP Portfolio by Account;
• 91 CIP STAMP Portfolio Transaction Report by Account;
• 91 CIP STAMP Portfolio Summary of investments by credit rating, industry group, asset
class, security type, and market sector;
• 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of
investments by credit rating, industry group, asset class, security type, and market sector;
• 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of
investments by credit rating, industry group, asset class, security type, and market sector;
• 2017 Financing STAMP Portfolio by Investment Category;
• 2017 Financing STAMP Portfolio by Account;
• 2017 Financing STAMP Portfolio Transaction Report by Account;
• 2017 Financing STAMP Portfolio Summary of investments by credit rating, industry group,
asset class, security type, and market sector;
• 2017 Financing STAMP Portfolio I-15 ELP Sales Tax Senior Lien TIFIA Project Fund
Summary of investment by credit rating, industry group, asset class, security type, and
market sector;
• 2017 Financing STAMP Portfolio Ramp Up Fund Summary of investment by credit rating,
industry group, asset class, security type, and market sector;
• Logan Circle Partners, L.P. Short Duration Fourth Quarter 2018 Review;
• Payden & Rygel Operating Portfolio by Investment Category;
• Payden & Rygel Operating Portfolio Transaction Report;
• Payden & Rygel Operating Portfolio Fourth Quarter 2018 Review; and
• County of Riverside Investment Report for the Quarter Ended December 31, 2018.
The Commission’s investments were in full compliance with the Commission’s investment policy
adopted on December 12, 2018, and investments securities permitted under the indenture for
15
Agenda Item 7C
the Commission’s sales tax revenue bonds and the master indentures for the Commission’s toll
revenue bonds. Additionally, the Commission has adequate cash flows for the next six months.
Attachments:
1) Investment Portfolio Report
2) 91 CIP STAMP Portfolio by Investment Category
3) 91 CIP STAMP Portfolio by Account
4) 91 CIP STAMP Portfolio Transaction Report by Account
5) 91 CIP STAMP Portfolio Summary of Investments
6) 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of
Investments
7) 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of
investments
8) 2017 Financing STAMP Portfolio by Investment Category
9) 2017 Financing STAMP Portfolio by Account
10) 2017 Financing STAMP Portfolio Transaction Report by Account
11) 2017 Financing STAMP Portfolio Summary of Investments
12) 2017 Financing STAMP Portfolio I-15 ELP Sales Tax Senior Lien TIFIA Project Fund
Summary of Investments
13) 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments
14) Payden & Rygel Operating Portfolio by Investment Category
15) Payden & Rygel Operating Portfolio Transaction Report
16) Logan Circle Partners, L.P. Short Duration Quarterly Review
17) Payden & Rygel Operating Portfolio Quarterly Review
18) County of Riverside Investment Report
16
Riverside County Transportation Commission
Investment Portfolio Report
Period Ended: December 31, 2018
FAIR VALUE
RATING
MOODYS / S&P
COUPON
RATE
PAR
VALUE
PURCHASE
DATE
MATURITY
DATE
YIELD TO
MATURITY
PURCHASE
COST
MARKET
VALUE
UNREALIZED
GAIN (LOSS)
OPERATING FUNDS
City National Bank Deposits 12,222,344 A3/BBB+N/A N/A
County Treasurer's Pooled Investment Fund 454,165,232 Aaa-bf/AAA-V1 N/A 2.18%
Local Agency Investment Fund (LAIF)3,754,293 N/A N/A N/A
Subtotal Operating Funds 470,141,870
FUNDS HELD IN TRUST
County Treasurer's Pooled Investment Fund:
Local Transportation Fund 61,859,700 Aaa-bf/AAA-V1 N/A 2.18%
Subtotal Funds Held in Trust 61,859,700
COMMISSION MANAGED PORTFOLIO
US Bank Payden & Rygel Operating 51,706,218
First American Government Obligation Fund 23,772,042 N/A N/A N/A
Subtotal Commission Managed Portfolio 75,478,260
STAMP PORTFOLIO for 91 CIP
Series A & Series B Reserve Fund 18,102,441
Residual Fund Required Retained Balance 13,813,941
Subtotal STAMP Portfolio - 91 CIP 31,916,382
STAMP PORTFOLIO for 2017 Financing
Sales Tax I15 ELP Project Revenue Fund 75,980,096
Sales Tax Revenue Fund -
Ramp Up Fund 8,039,480
Subtotal STAMP Portfolio - 2017 Financing 84,019,576
TOTAL All Cash and Investments 723,415,788$
See attached report for details
See attached report for details
See attached report for details
See attached report for details
See attached report for details
See attached report for details
2.50%
10.50%
3.29%
10.43%8.55%
64.99%
$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
$450,000,000
$500,000,000
STAMP Portfolio for 91 CIP Reserve
STAMP Portfolio for 91 CIP Residual Fund
STAMP Portfolio for 2017 Financing I15 ELP
Project Revenue Fund
STAMP Portfolio for 2017 Financing Revenue
Fund
STAMP Portfolio for 2017 Financing Ramp Up
Fund
Commission Managed Portfolio
Trust Funds
Operating Funds
Nature of Investments
3.29% Mutual
Funds
73.02% County
Pool/Cash
0.52% LAIF
22.70% Fixed
Income
0.47% Money
Market Funds
ATTACHMENT 1
17
Page 2 of 34
Source
Account Account Identifier
Security Type
Category Issuer
Final
Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 ---950,000.00 942,921.50 ---946,219.00 (3,473.24)2.375 2.512 AAA
256350023 LC-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 05/06/2015 600,000.00 593,490.00 ---591,222.00 (6,847.83)1.500 2.516 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 05/15/2015 475,000.00 471,527.75 ---467,666.00 (6,375.24)1.375 2.560 AAA
256350023 LC-Sr Lien Reserve Fund-1 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 200,000.00 200,100.00 02/23/2019 200,064.00 64.00 3.000 2.748 AAA
256350023 LC-Sr Lien Reserve Fund-1 3134G9V38 Agency Federal Home Loan Mortgage Corporation 07/27/2021 08/28/2018 250,000.00 245,225.00 01/27/2019 247,230.00 1,443.50 1.500 2.539 AAA
256350021 LC-RCTC 2013 Residual Fund 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 100,000.00 100,050.00 02/23/2019 100,032.00 32.00 3.000 2.748 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association, Inc.04/25/2022 07/03/2013 316,675.32 300,841.56 ---313,565.57 2,327.81 2.482 2.949 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 82,239.59 80,366.71 ---81,420.48 (397.70)1.459 3.032 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 ---379,000.00 366,344.03 ---373,364.27 (495.25)2.396 2.825 AAA
256350023 LC-Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2019 07/09/2013 3,205.37 3,391.18 ---3,204.99 (13.33)4.500 3.509 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guarante 10/20/2039 07/05/2013 51,863.90 53,450.21 ---52,417.81 (483.80)3.500 2.948 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guarante 04/20/2039 ---114,938.88 117,232.02 ---114,767.63 (1,595.78)3.000 3.015 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guarante 07/20/2041 07/05/2013 130,787.93 130,807.65 ---129,312.64 (1,352.32)2.500 2.886 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guarante 10/20/2040 05/22/2014 51,895.18 50,111.28 ---50,486.75 54.74 2.000 2.924 AAA
256350023 LC-Sr Lien Reserve Fund-1 38376GB33 Agency CMO The Government National Mortgage Association Guarante 10/16/2044 01/23/2015 126,290.61 129,632.93 ---126,149.17 (724.39)3.500 3.422 AAA
256350023 LC-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO The Government National Mortgage Association Guarante 01/16/2039 01/26/2015 80,542.01 84,146.27 ---80,275.42 (2,795.88)3.000 3.100 AAA
256350023 LC-Sr Lien Reserve Fund-1 38376WA62 Agency CMO The Government National Mortgage Association Guarante 10/20/2039 ---231,537.33 237,333.69 ---241,680.98 3,724.61 4.000 2.499 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guarante 06/16/2039 ---58,615.57 60,455.44 ---59,390.47 (255.39)4.500 2.556 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---414,508.50 (21,513.87)2.273 4.062 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 08/05/2015 29,667.99 30,694.78 ---29,714.87 (379.67)2.968 2.838 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 ---282,110.00 278,085.13 ---277,971.45 (628.92)2.373 2.808 AAA
256350023 LC-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guarante 04/20/2046 11/28/2016 145,356.04 149,427.15 ---144,613.27 (4,280.94)3.000 3.087 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137AXHP1 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 09/29/2017 140,000.00 142,089.06 ---138,454.40 (3,061.73)2.573 2.858 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 ---106,052.34 106,064.34 ---105,440.42 (571.90)2.500 2.878 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378CDK0 Agency CMO The Government National Mortgage Association Guarante 03/20/2035 03/16/2018 23,481.00 23,591.07 ---23,466.91 (76.49)3.000 2.892 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377LQT8 Agency CMO The Government National Mortgage Association Guarante 12/20/2037 ---26,622.20 26,631.72 ---26,614.21 13.86 3.000 2.693 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO The Government National Mortgage Association Guarante 01/20/2036 03/28/2018 92,050.26 92,546.47 ---92,085.24 (300.01)3.000 2.835 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO The Government National Mortgage Association Guarante 04/20/2038 06/20/2018 139,049.00 139,988.67 ---139,361.86 (362.60)3.500 2.994 AAA
256350023 LC-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2038 06/26/2018 83,962.78 85,605.96 ---85,274.28 251.93 4.500 2.304 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377WL77 Agency CMO Government National Mortgage Association 01/20/2039 08/28/2018 13,399.84 13,341.21 ---13,375.58 31.15 2.000 2.977 AAA
256350023 LC-Sr Lien Reserve Fund-1 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 37,550.45 37,826.21 ---37,669.86 (49.34)5.500 3.293 AAA
256350023 LC-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO The Government National Mortgage Association Guarante 05/20/2043 10/18/2018 123,136.05 122,962.89 ---125,042.20 2,091.33 3.500 2.774 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377F2N0 Agency CMO The Government National Mortgage Association Guarante 06/20/2038 09/28/2018 9,125.77 9,110.09 ---9,116.10 8.69 3.000 2.799 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378VC45 Agency CMO The Government National Mortgage Association Guarante 12/16/2041 11/23/2018 159,341.34 153,590.12 ---155,305.22 1,759.24 2.250 3.097 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377JM59 Agency CMO The Government National Mortgage Association Guarante 10/20/2039 11/21/2018 92,011.28 89,710.99 ---90,027.52 322.81 2.500 3.451 AAA
256350021 LC-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2020 01/17/2018 12,612.27 12,570.88 ---12,534.45 (44.37)2.000 3.067 AAA
256350021 LC-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 37,911.63 38,006.41 ---37,692.88 (274.67)2.500 2.878 AAA
256350021 LC-RCTC 2013 Residual Fund 38378CDK0 Agency CMO The Government National Mortgage Association Guarante 03/20/2035 01/30/2018 42,265.81 42,655.44 ---42,240.45 (256.03)3.000 2.892 AAA
256350021 LC-RCTC 2013 Residual Fund 38378AWX5 Agency CMO The Government National Mortgage Association Guarante 01/20/2036 01/30/2018 30,683.42 30,980.66 ---30,695.08 (191.18)3.000 2.835 AAA
256350021 LC-RCTC 2013 Residual Fund 3137APP53 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 05/18/2018 10,498.74 10,369.55 ---10,395.43 (7.63)1.781 2.991 AAA
256350021 LC-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2020 06/26/2018 65,000.00 65,594.14 ---65,336.05 (59.46)3.531 2.978 AAA
256350021 LC-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association, Inc.06/25/2023 10/10/2018 200,000.00 204,031.25 ---203,890.00 453.43 4.500 2.893 AAA
256350023 LC-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc.01/01/2030 07/10/2013 71,609.96 75,548.51 ---74,376.26 (848.61)4.500 3.199 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc.11/01/2020 09/26/2014 250,963.45 264,256.67 ---253,207.06 (1,019.16)3.370 2.694 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS The Government National Mortgage Association Guarante 02/16/2037 12/11/2014 112,163.75 111,620.45 ---108,770.79 (3,153.42)1.705 4.113 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 114,421.95 110,814.97 ---106,435.29 (5,909.58)1.826 4.249 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS The Government National Mortgage Association Guarante 12/16/2046 ---425,000.00 415,829.11 ---393,329.00 (25,042.94)2.811 3.927 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guarante 07/16/2043 05/08/2015 450,000.00 434,460.94 ---423,904.50 (17,313.88)2.389 3.938 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378XP62 Agency MBS The Government National Mortgage Association Guarante 05/16/2055 05/14/2015 291,921.25 295,524.65 ---282,997.21 (11,821.02)2.500 3.212 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guarante 11/16/2041 ---128,721.38 122,773.05 ---121,205.34 (2,955.41)1.400 4.274 AAA
256350023 LC-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 162,421.77 158,272.40 ---151,565.50 (8,865.80)2.119 4.018 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association, Inc.06/01/2020 11/12/2015 100,000.00 99,875.00 ---98,638.00 (1,203.82)2.010 2.872 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 07/15/2016 183,745.02 203,784.72 ---189,516.46 (4,323.76)4.295 2.840 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association, Inc.05/25/2022 08/29/2016 300,000.00 308,578.13 ---295,512.00 (8,955.96)2.349 2.998 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 08/29/2016 380,000.00 394,917.97 ---374,585.00 (14,206.27)2.522 2.923 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc.07/01/2022 08/29/2016 273,111.63 290,085.09 ---273,297.35 (10,145.52)2.973 2.989 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc.03/01/2022 10/25/2016 261,468.81 273,183.85 ---260,067.34 (7,518.64)2.670 2.878 AAA
256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 ---176,385.19 181,802.41 ---176,501.61 (4,744.04)3.000 2.938 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 10/28/2016 116,482.18 118,993.83 ---116,059.35 (2,478.29)2.637 2.953 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc.03/01/2023 ---277,251.21 273,310.22 ---273,433.46 (552.15)2.350 2.798 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 51,115.13 50,274.53 ---50,732.27 315.73 2.520 2.943 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association, Inc.09/01/2021 08/29/2018 130,000.00 132,747.27 ---132,672.80 250.00 3.770 2.909 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 22,413.08 22,672.24 ---22,740.54 52.75 3.630 2.693 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 18,217.54 18,284.44 ---18,296.42 (40.38)3.270 2.918 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 131,697.68 134,424.24 ---135,631.49 1,380.94 4.410 2.684 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381PTG3 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 11/08/2018 44,171.39 44,582.04 ---44,939.97 389.99 3.800 2.608 AAA
256350021 LC-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 01/17/2018 38,789.27 39,662.03 ---39,465.37 130.03 5.000 1.802 AAA
256350021 LC-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 17,884.29 17,621.62 ---17,565.95 (98.70)1.785 2.748 AAA
256350021 LC-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 31,553.71 31,119.85 ---31,009.09 (188.98)1.749 2.786 AAA
256350021 LC-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 04/25/2022 01/30/2018 36,907.81 36,129.29 ---36,157.48 (119.33)1.583 2.747 AAA
256350021 LC-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 97,521.76 96,889.39 ---96,808.87 (228.98)2.313 2.891 AAA
256350021 LC-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association, Inc.08/01/2021 11/02/2018 61,529.49 62,442.82 ---62,813.00 422.41 3.840 2.871 AAA
91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2018
ATTACHMENT 2
18
Page 3 of 34
Source
Account Account Identifier
Security Type
Category Issuer
Final
Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2018
256350021 LC-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 53,293.35 54,084.43 ---54,617.69 580.60 3.840 2.595 AAA
256350021 LC-RCTC 2013 Residual Fund 31381PTG3 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 11/08/2018 66,257.07 66,873.06 ---67,409.94 584.99 3.800 2.608 AAA
256350021 LC-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 100,968.23 103,058.59 ---103,984.15 1,058.72 4.410 2.684 AAA
256350021 LC-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 12/19/2018 92,521.66 90,006.24 ---90,496.36 470.66 1.870 2.983 AAA
256350021 LC-RCTC 2013 Residual Fund 02582JGN4 Asset Backed American Express Credit Account Master Trust 05/15/2019 01/16/2018 100,000.00 100,351.56 ---100,065.00 (156.64)2.825 2.722 AAA
256350021 LC-RCTC 2013 Residual Fund 161571FK5 Asset Backed Chase Issuance Trust 08/15/2019 01/25/2018 115,000.00 113,827.54 ---114,063.90 (459.81)1.580 2.906 AAA
256350021 LC-RCTC 2013 Residual Fund 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 50,000.00 49,771.48 ---49,750.50 (176.01)1.910 3.073 AAA
256350021 LC-RCTC 2013 Residual Fund 055657AC4 Asset Backed Bmw Vehicle Lease Trust 2017-1 05/20/2020 01/29/2018 93,591.57 93,313.72 ---93,240.60 (276.15)1.980 3.208 AAA
256350021 LC-RCTC 2013 Residual Fund 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B 01/18/2022 04/13/2018 38,910.90 38,597.79 ---38,863.04 (5.91)1.610 3.055 AAA
256350021 LC-RCTC 2013 Residual Fund 05522RCV8 Asset Backed BA Credit Card Trust 05/15/2019 06/29/2018 100,000.00 100,214.84 ---100,065.00 (83.16)2.845 2.742 AAA
256350021 LC-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 85,000.00 84,561.72 ---84,595.40 (57.17)2.650 2.930 AAA
256350021 LC-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 100,000.00 98,515.63 ---98,817.00 (144.17)1.930 3.007 AAA
256350021 LC-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_17-C 04/18/2022 09/25/2018 70,000.00 68,908.98 ---69,127.10 76.21 2.120 2.882 AAA
256350021 LC-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 150,000.00 148,652.34 ---148,885.50 (80.66)2.070 3.144 AAA
256350021 LC-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 ---197,362.00 689.03 2.050 2.654 AAA
256350021 LC-RCTC 2013 Residual Fund 02360SN46 CP Ameren Corporation 01/04/2019 12/06/2018 275,000.00 274,384.15 ---274,958.75 22.46 0.000 1.808 AA
256350021 LC-RCTC 2013 Residual Fund 23337UNE5 CP DTE Gas Company 01/14/2019 12/26/2018 275,000.00 274,604.00 ---274,758.00 28.95 0.000 2.453 AAA
256350021 LC-RCTC 2013 Residual Fund 71112KN49 CP The Peoples Gas Light And Coke Company 01/04/2019 12/26/2018 150,000.00 149,906.67 ---149,977.50 12.50 0.000 1.808 AAA
256350021 LC-RCTC 2013 Residual Fund 64587BN73 CP New Jersey Natural Gas Company 01/07/2019 12/26/2018 275,000.00 274,732.33 ---274,898.25 32.09 0.000 2.233 AAA
256350021 LC-RCTC 2013 Residual Fund 43357MNR7 CP Hitachi Capital America Corp.01/25/2019 12/26/2018 275,000.00 274,312.50 ---274,538.00 88.00 0.000 2.538 AA
256350021 LC-RCTC 2013 Residual Fund 13607RAB6 Corporate Canadian Imperial Bank of Commerce 09/06/2019 ---200,000.00 197,801.00 ---198,196.00 (508.77)1.600 2.946 AA
256350021 LC-RCTC 2013 Residual Fund 89114QBF4 Corporate The Toronto-Dominion Bank 01/22/2019 01/19/2018 50,000.00 50,366.50 ---50,013.00 (8.14)3.309 2.864 AA
256350021 LC-RCTC 2013 Residual Fund 05531FAQ6 Corporate BB&T Corporation 02/01/2019 01/25/2018 100,000.00 100,106.00 01/11/2019 99,939.00 (61.31)2.250 2.956 A
256350021 LC-RCTC 2013 Residual Fund 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 01/25/2018 100,000.00 99,577.00 12/23/2019 99,004.00 (767.60)2.250 3.211 A
256350021 LC-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 ---200,000.00 208,651.00 ---204,472.00 (1,276.85)5.375 3.461 A
256350021 LC-RCTC 2013 Residual Fund 06406HCU1 Corporate The Bank of New York Mellon Corporation 05/15/2019 01/25/2018 100,000.00 99,974.00 04/15/2019 99,769.00 (223.92)2.200 2.819 A
256350021 LC-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 ---98,931.00 (796.46)2.250 3.090 A
256350021 LC-RCTC 2013 Residual Fund 86787EAS6 Corporate SunTrust Bank 01/31/2020 01/25/2018 100,000.00 100,644.00 12/31/2019 99,904.00 (430.40)3.057 3.421 A
256350021 LC-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 ---200,000.00 196,622.00 ---197,226.00 (20.17)2.100 2.901 AAA
256350021 LC-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 01/29/2018 100,000.00 108,369.00 ---104,265.00 (1,601.52)5.750 3.589 A
256350021 LC-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 ---200,000.00 194,126.00 ---195,276.00 174.33 1.875 2.935 AAA
256350021 LC-RCTC 2013 Residual Fund 254010AC5 Corporate Dignity Health 11/01/2019 03/15/2018 24,000.00 23,897.52 ---23,859.84 (87.12)2.637 3.350 A
256350021 LC-RCTC 2013 Residual Fund 369550BA5 Corporate General Dynamics Corporation 05/11/2020 ---225,000.00 224,409.50 ---225,155.25 648.72 2.875 2.821 A
256350021 LC-RCTC 2013 Residual Fund 31677QBB4 Corporate Fifth Third Bank 04/25/2019 06/29/2018 200,000.00 199,518.00 03/25/2019 199,588.00 (226.56)2.375 3.019 A
256350021 LC-RCTC 2013 Residual Fund 61746BDM5 Corporate Morgan Stanley 01/24/2019 06/29/2018 100,000.00 99,869.00 ---99,959.00 (26.42)2.500 3.109 A
256350021 LC-RCTC 2013 Residual Fund 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 150,000.00 147,883.50 ---148,654.50 (92.39)1.400 2.665 AA
256350021 LC-RCTC 2013 Residual Fund 40428HPN6 Corporate HSBC USA Inc.11/13/2019 06/29/2018 100,000.00 99,140.00 ---99,363.00 (88.19)2.375 3.124 A
256350021 LC-RCTC 2013 Residual Fund 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 ---200,000.00 199,006.00 ---199,250.00 (162.77)2.125 2.882 AA
256350021 LC-RCTC 2013 Residual Fund 06367TPX2 Corporate Bank of Montreal 12/12/2019 ---200,000.00 197,898.00 ---198,102.00 (368.00)2.100 3.124 AA
256350021 LC-RCTC 2013 Residual Fund 36164QMS4 Corporate
GE Capital International Funding Company Unlimited
Company 11/15/2020 07/02/2018 200,000.00 195,482.00 ---193,012.00 (3,385.12)2.342 4.303 BBB
256350021 LC-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc.09/01/2020 ---135,000.00 133,439.10 ---133,907.85 242.36 2.550 3.050 A
256350021 LC-RCTC 2013 Residual Fund 46625HHS2 Corporate JPMorgan Chase & Co.07/22/2020 ---140,000.00 142,963.00 ---142,532.60 33.42 4.400 3.200 A
256350021 LC-RCTC 2013 Residual Fund 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 ---160,000.00 157,949.40 02/01/2020 158,280.00 (82.93)2.200 3.140 A
256350021 LC-RCTC 2013 Residual Fund 20030NCP4 Corporate Comcast Corporation 10/01/2020 10/10/2018 100,000.00 99,953.00 ---100,383.00 424.75 3.300 3.072 A
256350021 LC-RCTC 2013 Residual Fund 05531FAU7 Corporate BB&T Corporation 06/29/2020 10/10/2018 100,000.00 99,133.00 05/29/2020 99,105.00 (139.99)2.625 3.243 A
256350021 LC-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 246,110.00 236.65 2.000 3.157 A
256350021 LC-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 ---200,000.00 207,806.00 ---206,756.00 (103.73)5.625 3.298 A
256350021 LC-RCTC 2013 Residual Fund 06406FAB9 Corporate The Bank of New York Mellon Corporation 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 195,206.00 989.03 2.050 3.120 A
256350021 LC-RCTC 2013 Residual Fund 21688AAN2 Corporate Cooperatieve Rabobank U.A.04/26/2021 10/11/2018 250,000.00 247,950.00 ---249,085.00 965.42 3.125 3.289 AA
256350021 LC-RCTC 2013 Residual Fund 55279HAN0 Corporate Manufacturers and Traders Trust Company 08/17/2020 10/11/2018 250,000.00 244,707.50 07/17/2020 245,075.00 (228.83)2.050 3.302 A
256350021 LC-RCTC 2013 Residual Fund 808513AW5 Corporate The Charles Schwab Corporation 05/21/2021 10/11/2018 150,000.00 149,700.00 04/21/2021 150,732.00 1,005.34 3.250 3.029 A
256350021 LC-RCTC 2013 Residual Fund 90331HNP4 Corporate U.S. Bank National Association 04/26/2021 10/11/2018 250,000.00 249,395.00 03/26/2021 250,230.00 783.69 3.150 3.107 AA
256350021 LC-RCTC 2013 Residual Fund 49327M2P8 Corporate KeyBank National Association 08/22/2019 10/11/2018 250,000.00 247,367.50 ---247,775.00 (242.32)1.600 3.009 A
256350023 LC-Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc.12/31/2018 ---0.00 132,050.10 ---132,050.10 0.00 1.850 1.850 AAA
256350021 LC-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc.12/31/2018 ---0.00 32,883.29 ---32,883.29 0.00 2.020 1.850 AAA
256350021 LC-RCTC 2013 Residual Fund 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---250,000.00 250,085.20 ---249,917.50 (157.16)2.680 2.737 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---463,654.60 465,957.25 ---450,055.61 (15,170.89)0.125 1.107 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of 01/15/2027 ---293,112.40 291,769.55 ---278,406.95 (13,585.24)0.375 1.026 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 191,716.00 189,217.92 ---185,168.90 (4,500.04)0.125 0.988 AAA
256350021 LC-RCTC 2013 Residual Fund 912828UH1 TIPS Treasury, United States Department of 01/15/2023 ---98,596.80 96,726.48 ---95,229.72 (1,732.73)0.125 0.988 AAA
256350021 LC-RCTC 2013 Residual Fund 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/29/2018 201,103.20 197,757.22 ---195,204.84 (3,025.92)0.125 1.107 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---1,375,000.00 1,405,890.24 ---1,364,426.25 (23,373.97)2.125 2.506 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828XB1 US Gov Treasury, United States Department of 05/15/2025 ---1,350,000.00 1,373,695.32 ---1,313,725.50 (52,174.43)2.125 2.585 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828G38 US Gov Treasury, United States Department of 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 ---1,326,739.50 (38,277.77)2.250 2.568 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 ---1,250,000.00 1,239,802.73 ---1,224,612.50 (19,932.08)1.375 2.516 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 ---1,400,000.00 1,386,564.45 ---1,363,026.00 (27,404.39)1.750 2.492 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 07/14/2017 100,000.00 101,667.97 ---99,336.00 (1,561.27)2.125 2.534 AAA
256350021 LC-RCTC 2013 Residual Fund 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---545,000.00 534,363.09 ---536,972.15 (144.07)1.125 2.627 AAA
256350021 LC-RCTC 2013 Residual Fund 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---550,000.00 541,754.30 ---545,770.50 2,926.34 2.125 2.506 AAA
256350021 LC-RCTC 2013 Residual Fund 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---1,060,000.00 1,047,463.28 ---1,052,961.60 3,518.37 2.125 2.534 AAA
19
Page 4 of 34
Source
Account Account Identifier
Security Type
Category Issuer
Final
Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2018
256350021 LC-RCTC 2013 Residual Fund 912828L57 US Gov Treasury, United States Department of 09/30/2022 06/29/2018 100,000.00 96,167.97 ---97,359.00 752.76 1.750 2.492 AAA
256350021 LC-RCTC 2013 Residual Fund 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---925,000.00 901,532.23 ---907,582.25 1,731.47 1.125 2.572 AAA
256350021 LC-RCTC 2013 Residual Fund 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---645,000.00 645,163.99 ---644,664.60 (487.75)2.473 2.539 AAA
256350021 LC-RCTC 2013 Residual Fund 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 550,000.00 549,984.67 ---549,169.50 (815.72)2.475 2.595 AAA
256350021 LC-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 01/31/2019 100,000.00 0.00 2.450 2.450 AA
256350021 LC-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 ---100,000.00 0.00 2.440 2.440 AA
32,159,674.39 32,287,465.27 31,916,382.14 (369,718.38)
20
Page 5 of 34
Source
Account Account Identifier
Security Type
Category Issuer Final Maturity Trade Date
Current Face
Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized Gain/Loss Coupon Yield
Summarized
Credit Rating
256350021 LC-RCTC 2013 Residual Fund 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 100,000.00 100,050.00 02/23/2019 100,032.00 32.00 3.000 2.748 AAA
256350021 LC-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2020 01/17/2018 12,612.27 12,570.88 ---12,534.45 (44.37)2.000 3.067 AAA
256350021 LC-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 37,911.63 38,006.41 ---37,692.88 (274.67)2.500 2.878 AAA
256350021 LC-RCTC 2013 Residual Fund 38378CDK0 Agency CMO
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 03/20/2035 01/30/2018 42,265.81 42,655.44 ---42,240.45 (256.03)3.000 2.892 AAA
256350021 LC-RCTC 2013 Residual Fund 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 01/20/2036 01/30/2018 30,683.42 30,980.66 ---30,695.08 (191.18)3.000 2.835 AAA
256350021 LC-RCTC 2013 Residual Fund 3137APP53 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 05/18/2018 10,498.74 10,369.55 ---10,395.43 (7.63)1.781 2.991 AAA
256350021 LC-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2020 06/26/2018 65,000.00 65,594.14 ---65,336.05 (59.46)3.531 2.978 AAA
256350021 LC-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association, Inc.06/25/2023 10/10/2018 200,000.00 204,031.25 ---203,890.00 453.43 4.500 2.893 AAA
256350021 LC-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 01/17/2018 38,789.27 39,662.03 ---39,465.37 130.03 5.000 1.802 AAA
256350021 LC-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 17,884.29 17,621.62 ---17,565.95 (98.70)1.785 2.748 AAA
256350021 LC-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 31,553.71 31,119.85 ---31,009.09 (188.98)1.749 2.786 AAA
256350021 LC-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 04/25/2022 01/30/2018 36,907.81 36,129.29 ---36,157.48 (119.33)1.583 2.747 AAA
256350021 LC-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 97,521.76 96,889.39 ---96,808.87 (228.98)2.313 2.891 AAA
256350021 LC-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association, Inc.08/01/2021 11/02/2018 61,529.49 62,442.82 ---62,813.00 422.41 3.840 2.871 AAA
256350021 LC-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 53,293.35 54,084.43 ---54,617.69 580.60 3.840 2.595 AAA
256350021 LC-RCTC 2013 Residual Fund 31381PTG3 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 11/08/2018 66,257.07 66,873.06 ---67,409.94 584.99 3.800 2.608 AAA
256350021 LC-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 100,968.23 103,058.59 ---103,984.15 1,058.72 4.410 2.684 AAA
256350021 LC-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 12/19/2018 92,521.66 90,006.24 ---90,496.36 470.66 1.870 2.983 AAA
256350021 LC-RCTC 2013 Residual Fund 02582JGN4 Asset Backed American Express Credit Account Master Trust 05/15/2019 01/16/2018 100,000.00 100,351.56 ---100,065.00 (156.64)2.825 2.722 AAA
256350021 LC-RCTC 2013 Residual Fund 161571FK5 Asset Backed Chase Issuance Trust 08/15/2019 01/25/2018 115,000.00 113,827.54 ---114,063.90 (459.81)1.580 2.906 AAA
256350021 LC-RCTC 2013 Residual Fund 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 50,000.00 49,771.48 ---49,750.50 (176.01)1.910 3.073 AAA
256350021 LC-RCTC 2013 Residual Fund 055657AC4 Asset Backed Bmw Vehicle Lease Trust 2017-1 05/20/2020 01/29/2018 93,591.57 93,313.72 ---93,240.60 (276.15)1.980 3.208 AAA
256350021 LC-RCTC 2013 Residual Fund 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B 01/18/2022 04/13/2018 38,910.90 38,597.79 ---38,863.04 (5.91)1.610 3.055 AAA
256350021 LC-RCTC 2013 Residual Fund 05522RCV8 Asset Backed BA Credit Card Trust 05/15/2019 06/29/2018 100,000.00 100,214.84 ---100,065.00 (83.16)2.845 2.742 AAA
256350021 LC-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 85,000.00 84,561.72 ---84,595.40 (57.17)2.650 2.930 AAA
256350021 LC-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 100,000.00 98,515.63 ---98,817.00 (144.17)1.930 3.007 AAA
256350021 LC-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_17-C 04/18/2022 09/25/2018 70,000.00 68,908.98 ---69,127.10 76.21 2.120 2.882 AAA
256350021 LC-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 150,000.00 148,652.34 ---148,885.50 (80.66)2.070 3.144 AAA
256350021 LC-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 ---197,362.00 689.03 2.050 2.654 AAA
256350021 LC-RCTC 2013 Residual Fund 13607RAB6 Corporate Canadian Imperial Bank of Commerce 09/06/2019 ---200,000.00 197,801.00 ---198,196.00 (508.77)1.600 2.946 AA
256350021 LC-RCTC 2013 Residual Fund 89114QBF4 Corporate The Toronto-Dominion Bank 01/22/2019 01/19/2018 50,000.00 50,366.50 ---50,013.00 (8.14)3.309 2.864 AA
256350021 LC-RCTC 2013 Residual Fund 05531FAQ6 Corporate BB&T Corporation 02/01/2019 01/25/2018 100,000.00 100,106.00 01/11/2019 99,939.00 (61.31)2.250 2.956 A
256350021 LC-RCTC 2013 Residual Fund 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 01/25/2018 100,000.00 99,577.00 12/23/2019 99,004.00 (767.60)2.250 3.211 A
256350021 LC-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 ---200,000.00 208,651.00 ---204,472.00 (1,276.85)5.375 3.461 A
256350021 LC-RCTC 2013 Residual Fund 06406HCU1 Corporate The Bank of New York Mellon Corporation 05/15/2019 01/25/2018 100,000.00 99,974.00 04/15/2019 99,769.00 (223.92)2.200 2.819 A
256350021 LC-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 ---98,931.00 (796.46)2.250 3.090 A
256350021 LC-RCTC 2013 Residual Fund 86787EAS6 Corporate SunTrust Bank 01/31/2020 01/25/2018 100,000.00 100,644.00 12/31/2019 99,904.00 (430.40)3.057 3.421 A
256350021 LC-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 ---200,000.00 196,622.00 ---197,226.00 (20.17)2.100 2.901 AAA
256350021 LC-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 01/29/2018 100,000.00 108,369.00 ---104,265.00 (1,601.52)5.750 3.589 A
256350021 LC-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 ---200,000.00 194,126.00 ---195,276.00 174.33 1.875 2.935 AAA
256350021 LC-RCTC 2013 Residual Fund 254010AC5 Corporate Dignity Health 11/01/2019 03/15/2018 24,000.00 23,897.52 ---23,859.84 (87.12)2.637 3.350 A
256350021 LC-RCTC 2013 Residual Fund 369550BA5 Corporate General Dynamics Corporation 05/11/2020 ---225,000.00 224,409.50 ---225,155.25 648.72 2.875 2.821 A
256350021 LC-RCTC 2013 Residual Fund 31677QBB4 Corporate Fifth Third Bank 04/25/2019 06/29/2018 200,000.00 199,518.00 03/25/2019 199,588.00 (226.56)2.375 3.019 A
256350021 LC-RCTC 2013 Residual Fund 61746BDM5 Corporate Morgan Stanley 01/24/2019 06/29/2018 100,000.00 99,869.00 ---99,959.00 (26.42)2.500 3.109 A
256350021 LC-RCTC 2013 Residual Fund 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 150,000.00 147,883.50 ---148,654.50 (92.39)1.400 2.665 AA
256350021 LC-RCTC 2013 Residual Fund 40428HPN6 Corporate HSBC USA Inc.11/13/2019 06/29/2018 100,000.00 99,140.00 ---99,363.00 (88.19)2.375 3.124 A
256350021 LC-RCTC 2013 Residual Fund 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 ---200,000.00 199,006.00 ---199,250.00 (162.77)2.125 2.882 AA
256350021 LC-RCTC 2013 Residual Fund 06367TPX2 Corporate Bank of Montreal 12/12/2019 ---200,000.00 197,898.00 ---198,102.00 (368.00)2.100 3.124 AA
256350021 LC-RCTC 2013 Residual Fund 36164QMS4 Corporate GE Capital International Funding Company Unlimited Company 11/15/2020 07/02/2018 200,000.00 195,482.00 ---193,012.00 (3,385.12)2.342 4.303 BBB
256350021 LC-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc.09/01/2020 ---135,000.00 133,439.10 ---133,907.85 242.36 2.550 3.050 A
256350021 LC-RCTC 2013 Residual Fund 46625HHS2 Corporate JPMorgan Chase & Co.07/22/2020 ---140,000.00 142,963.00 ---142,532.60 33.42 4.400 3.200 A
256350021 LC-RCTC 2013 Residual Fund 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 ---160,000.00 157,949.40 02/01/2020 158,280.00 (82.93)2.200 3.140 A
256350021 LC-RCTC 2013 Residual Fund 20030NCP4 Corporate Comcast Corporation 10/01/2020 10/10/2018 100,000.00 99,953.00 ---100,383.00 424.75 3.300 3.072 A
256350021 LC-RCTC 2013 Residual Fund 05531FAU7 Corporate BB&T Corporation 06/29/2020 10/10/2018 100,000.00 99,133.00 05/29/2020 99,105.00 (139.99)2.625 3.243 A
256350021 LC-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 246,110.00 236.65 2.000 3.157 A
256350021 LC-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 ---200,000.00 207,806.00 ---206,756.00 (103.73)5.625 3.298 A
256350021 LC-RCTC 2013 Residual Fund 06406FAB9 Corporate The Bank of New York Mellon Corporation 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 195,206.00 989.03 2.050 3.120 A
256350021 LC-RCTC 2013 Residual Fund 21688AAN2 Corporate Cooperatieve Rabobank U.A.04/26/2021 10/11/2018 250,000.00 247,950.00 ---249,085.00 965.42 3.125 3.289 AA
256350021 LC-RCTC 2013 Residual Fund 55279HAN0 Corporate Manufacturers and Traders Trust Company 08/17/2020 10/11/2018 250,000.00 244,707.50 07/17/2020 245,075.00 (228.83)2.050 3.302 A
256350021 LC-RCTC 2013 Residual Fund 808513AW5 Corporate The Charles Schwab Corporation 05/21/2021 10/11/2018 150,000.00 149,700.00 04/21/2021 150,732.00 1,005.34 3.250 3.029 A
256350021 LC-RCTC 2013 Residual Fund 90331HNP4 Corporate U.S. Bank National Association 04/26/2021 10/11/2018 250,000.00 249,395.00 03/26/2021 250,230.00 783.69 3.150 3.107 AA
256350021 LC-RCTC 2013 Residual Fund 49327M2P8 Corporate KeyBank National Association 08/22/2019 10/11/2018 250,000.00 247,367.50 ---247,775.00 (242.32)1.600 3.009 A
256350021 LC-RCTC 2013 Residual Fund 02360SN46 CP Ameren Corporation 01/04/2019 12/06/2018 275,000.00 274,384.15 ---274,958.75 22.46 0.000 1.808 AA
256350021 LC-RCTC 2013 Residual Fund 23337UNE5 CP DTE Gas Company 01/14/2019 12/26/2018 275,000.00 274,604.00 ---274,758.00 28.95 0.000 2.453 AAA
256350021 LC-RCTC 2013 Residual Fund 71112KN49 CP The Peoples Gas Light And Coke Company 01/04/2019 12/26/2018 150,000.00 149,906.67 ---149,977.50 12.50 0.000 1.808 AAA
256350021 LC-RCTC 2013 Residual Fund 64587BN73 CP New Jersey Natural Gas Company 01/07/2019 12/26/2018 275,000.00 274,732.33 ---274,898.25 32.09 0.000 2.233 AAA
256350021 LC-RCTC 2013 Residual Fund 43357MNR7 CP Hitachi Capital America Corp.01/25/2019 12/26/2018 275,000.00 274,312.50 ---274,538.00 88.00 0.000 2.538 AA
256350021 LC-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc.12/31/2018 ---0.00 32,883.29 ---32,883.29 0.00 2.020 1.850 AAA
256350021 LC-RCTC 2013 Residual Fund 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---250,000.00 250,085.20 ---249,917.50 (157.16)2.680 2.737 AAA
256350021 LC-RCTC 2013 Residual Fund 912828UH1 TIPS Treasury, United States Department of 01/15/2023 ---98,596.80 96,726.48 ---95,229.72 (1,732.73)0.125 0.988 AAA
256350021 LC-RCTC 2013 Residual Fund 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/29/2018 201,103.20 197,757.22 ---195,204.84 (3,025.92)0.125 1.107 AAA
256350021 LC-RCTC 2013 Residual Fund 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---545,000.00 534,363.09 ---536,972.15 (144.07)1.125 2.627 AAA
256350021 LC-RCTC 2013 Residual Fund 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---550,000.00 541,754.30 ---545,770.50 2,926.34 2.125 2.506 AAA
256350021 LC-RCTC 2013 Residual Fund 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---1,060,000.00 1,047,463.28 ---1,052,961.60 3,518.37 2.125 2.534 AAA
256350021 LC-RCTC 2013 Residual Fund 912828L57 US Gov Treasury, United States Department of 09/30/2022 06/29/2018 100,000.00 96,167.97 ---97,359.00 752.76 1.750 2.492 AAA
256350021 LC-RCTC 2013 Residual Fund 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---925,000.00 901,532.23 ---907,582.25 1,731.47 1.125 2.572 AAA
256350021 LC-RCTC 2013 Residual Fund 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---645,000.00 645,163.99 ---644,664.60 (487.75)2.473 2.539 AAA
256350021 LC-RCTC 2013 Residual Fund 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 550,000.00 549,984.67 ---549,169.50 (815.72)2.475 2.595 AAA
256350021 LC-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 01/31/2019 100,000.00 0.00 2.450 2.450 AA
91 CIP STAMP Portfolio by Account for quarter ended December 31, 2018
ATTACHMENT 3
21
Page 6 of 34
Source
Account Account Identifier
Security Type
Category Issuer Final Maturity Trade Date
Current Face
Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized Gain/Loss Coupon Yield
Summarized
Credit Rating
91 CIP STAMP Portfolio by Account for quarter ended December 31, 2018
256350021 LC-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 ---100,000.00 0.00 2.440 2.440 AA
13,857,400.97 13,799,228.63 13,813,940.77 (1,087.17)
256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 ---950,000.00 942,921.50 ---946,219.00 (3,473.24)2.375 2.512 AAA
256350023 LC-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 05/06/2015 600,000.00 593,490.00 ---591,222.00 (6,847.83)1.500 2.516 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 05/15/2015 475,000.00 471,527.75 ---467,666.00 (6,375.24)1.375 2.560 AAA
256350023 LC-Sr Lien Reserve Fund-1 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 200,000.00 200,100.00 02/23/2019 200,064.00 64.00 3.000 2.748 AAA
256350023 LC-Sr Lien Reserve Fund-1 3134G9V38 Agency Federal Home Loan Mortgage Corporation 07/27/2021 08/28/2018 250,000.00 245,225.00 01/27/2019 247,230.00 1,443.50 1.500 2.539 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association, Inc.04/25/2022 07/03/2013 316,675.32 300,841.56 ---313,565.57 2,327.81 2.482 2.949 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 82,239.59 80,366.71 ---81,420.48 (397.70)1.459 3.032 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 ---379,000.00 366,344.03 ---373,364.27 (495.25)2.396 2.825 AAA
256350023 LC-Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2019 07/09/2013 3,205.37 3,391.18 ---3,204.99 (13.33)4.500 3.509 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2039 07/05/2013 51,863.90 53,450.21 ---52,417.81 (483.80)3.500 2.948 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 04/20/2039 ---114,938.88 117,232.02 ---114,767.63 (1,595.78)3.000 3.015 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 07/20/2041 07/05/2013 130,787.93 130,807.65 ---129,312.64 (1,352.32)2.500 2.886 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2040 05/22/2014 51,895.18 50,111.28 ---50,486.75 54.74 2.000 2.924 AAA
256350023 LC-Sr Lien Reserve Fund-1 38376GB33 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/16/2044 01/23/2015 126,290.61 129,632.93 ---126,149.17 (724.39)3.500 3.422 AAA
256350023 LC-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 01/16/2039 01/26/2015 80,542.01 84,146.27 ---80,275.42 (2,795.88)3.000 3.100 AAA
256350023 LC-Sr Lien Reserve Fund-1 38376WA62 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2039 ---231,537.33 237,333.69 ---241,680.98 3,724.61 4.000 2.499 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 06/16/2039 ---58,615.57 60,455.44 ---59,390.47 (255.39)4.500 2.556 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---414,508.50 (21,513.87)2.273 4.062 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 08/05/2015 29,667.99 30,694.78 ---29,714.87 (379.67)2.968 2.838 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 ---282,110.00 278,085.13 ---277,971.45 (628.92)2.373 2.808 AAA
256350023 LC-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 04/20/2046 11/28/2016 145,356.04 149,427.15 ---144,613.27 (4,280.94)3.000 3.087 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137AXHP1 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 09/29/2017 140,000.00 142,089.06 ---138,454.40 (3,061.73)2.573 2.858 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 ---106,052.34 106,064.34 ---105,440.42 (571.90)2.500 2.878 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 03/20/2035 03/16/2018 23,481.00 23,591.07 ---23,466.91 (76.49)3.000 2.892 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377LQT8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 12/20/2037 ---26,622.20 26,631.72 ---26,614.21 13.86 3.000 2.693 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 01/20/2036 03/28/2018 92,050.26 92,546.47 ---92,085.24 (300.01)3.000 2.835 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 04/20/2038 06/20/2018 139,049.00 139,988.67 ---139,361.86 (362.60)3.500 2.994 AAA
256350023 LC-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2038 06/26/2018 83,962.78 85,605.96 ---85,274.28 251.93 4.500 2.304 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377WL77 Agency CMO Government National Mortgage Association 01/20/2039 08/28/2018 13,399.84 13,341.21 ---13,375.58 31.15 2.000 2.977 AAA
256350023 LC-Sr Lien Reserve Fund-1 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 37,550.45 37,826.21 ---37,669.86 (49.34)5.500 3.293 AAA
256350023 LC-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 05/20/2043 10/18/2018 123,136.05 122,962.89 ---125,042.20 2,091.33 3.500 2.774 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377F2N0 Agency CMO
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 06/20/2038 09/28/2018 9,125.77 9,110.09 ---9,116.10 8.69 3.000 2.799 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378VC45 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 12/16/2041 11/23/2018 159,341.34 153,590.12 ---155,305.22 1,759.24 2.250 3.097 AAA
256350023 LC-Sr Lien Reserve Fund-1 38377JM59 Agency CMO
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 10/20/2039 11/21/2018 92,011.28 89,710.99 ---90,027.52 322.81 2.500 3.451 AAA
256350023 LC-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc.01/01/2030 07/10/2013 71,609.96 75,548.51 ---74,376.26 (848.61)4.500 3.199 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc.11/01/2020 09/26/2014 250,963.45 264,256.67 ---253,207.06 (1,019.16)3.370 2.694 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 02/16/2037 12/11/2014 112,163.75 111,620.45 ---108,770.79 (3,153.42)1.705 4.113 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 114,421.95 110,814.97 ---106,435.29 (5,909.58)1.826 4.249 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 12/16/2046 ---425,000.00 415,829.11 ---393,329.00 (25,042.94)2.811 3.927 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 07/16/2043 05/08/2015 450,000.00 434,460.94 ---423,904.50 (17,313.88)2.389 3.938 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378XP62 Agency MBS
The Government National Mortgage Association Guaranteed REMIC Pass-
Through Securities 05/16/2055 05/14/2015 291,921.25 295,524.65 ---282,997.21 (11,821.02)2.500 3.212 AAA
256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 11/16/2041 ---128,721.38 122,773.05 ---121,205.34 (2,955.41)1.400 4.274 AAA
256350023 LC-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 162,421.77 158,272.40 ---151,565.50 (8,865.80)2.119 4.018 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association, Inc.06/01/2020 11/12/2015 100,000.00 99,875.00 ---98,638.00 (1,203.82)2.010 2.872 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 07/15/2016 183,745.02 203,784.72 ---189,516.46 (4,323.76)4.295 2.840 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association, Inc.05/25/2022 08/29/2016 300,000.00 308,578.13 ---295,512.00 (8,955.96)2.349 2.998 AAA
256350023 LC-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 08/29/2016 380,000.00 394,917.97 ---374,585.00 (14,206.27)2.522 2.923 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc.07/01/2022 08/29/2016 273,111.63 290,085.09 ---273,297.35 (10,145.52)2.973 2.989 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc.03/01/2022 10/25/2016 261,468.81 273,183.85 ---260,067.34 (7,518.64)2.670 2.878 AAA
256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 ---176,385.19 181,802.41 ---176,501.61 (4,744.04)3.000 2.938 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 10/28/2016 116,482.18 118,993.83 ---116,059.35 (2,478.29)2.637 2.953 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc.03/01/2023 ---277,251.21 273,310.22 ---273,433.46 (552.15)2.350 2.798 AAA
256350023 LC-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 51,115.13 50,274.53 ---50,732.27 315.73 2.520 2.943 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association, Inc.09/01/2021 08/29/2018 130,000.00 132,747.27 ---132,672.80 250.00 3.770 2.909 AAA
256350023 LC-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 22,413.08 22,672.24 ---22,740.54 52.75 3.630 2.693 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 18,217.54 18,284.44 ---18,296.42 (40.38)3.270 2.918 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 131,697.68 134,424.24 ---135,631.49 1,380.94 4.410 2.684 AAA
256350023 LC-Sr Lien Reserve Fund-1 31381PTG3 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 11/08/2018 44,171.39 44,582.04 ---44,939.97 389.99 3.800 2.608 AAA
256350023 LC-Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc.12/31/2018 ---0.00 132,050.10 ---132,050.10 0.00 1.850 1.850 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---463,654.60 465,957.25 ---450,055.61 (15,170.89)0.125 1.107 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of 01/15/2027 ---293,112.40 291,769.55 ---278,406.95 (13,585.24)0.375 1.026 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 191,716.00 189,217.92 ---185,168.90 (4,500.04)0.125 0.988 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---1,375,000.00 1,405,890.24 ---1,364,426.25 (23,373.97)2.125 2.506 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828XB1 US Gov Treasury, United States Department of 05/15/2025 ---1,350,000.00 1,373,695.32 ---1,313,725.50 (52,174.43)2.125 2.585 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828G38 US Gov Treasury, United States Department of 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 ---1,326,739.50 (38,277.77)2.250 2.568 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 ---1,250,000.00 1,239,802.73 ---1,224,612.50 (19,932.08)1.375 2.516 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 ---1,400,000.00 1,386,564.45 ---1,363,026.00 (27,404.39)1.750 2.492 AAA
256350023 LC-Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 07/14/2017 100,000.00 101,667.97 ---99,336.00 (1,561.27)2.125 2.534 AAA
18,302,273.41 18,488,236.64 18,102,441.37 (368,631.21)
22
Page 7 of 34
Source
Account Account Identifier
Security Type
Category Issuer Final Maturity Trade Date
Current Face
Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized Gain/Loss Coupon Yield
Summarized
Credit Rating
91 CIP STAMP Portfolio by Account for quarter ended December 31, 2018
32,159,674.39 32,287,465.27 31,916,382.14 (369,718.38)
23
Page 8 of 34
Source
Account Account Identifier Description
Beginning Base
Market Value Base Purchases Base Sales
Base Maturities and
Redemptions Base Paydowns
Net Total Realized
Gain/Loss
Base
Amortization/Ac
cretion
Base Change In
Net Unrealized
Gain/Loss
Ending Base
Market Value
Ending Accrued
Income Balance
256350021 LC-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY 105,112.00 - - - - - (686.51) (160.49) 104,265.00 2,491.67
256350021 LC-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 103,079.00 - - - - - (680.01) (162.99) 102,236.00 1,582.64
256350021 LC-RCTC 2013 Residual Fund 31397LUK3 FNR 0845C DB - 204,031.25 - - - - (594.68) 453.43 203,890.00 750.00
256350021 LC-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP - 103,908.00 - - - - (481.81) (48.19) 103,378.00 2,812.50
256350021 LC-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP - 103,898.00 - - - - (464.45) (55.55) 103,378.00 2,812.50
256350021 LC-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC - 102,933.00 - - - - (451.68) (245.32) 102,236.00 1,582.64
256350021 LC-RCTC 2013 Residual Fund 46625HHS2 JPMORGAN CHASE & CO - 101,993.00 - - - - (238.45) 54.45 101,809.00 1,943.33
256350021 LC-RCTC 2013 Residual Fund 31381QB54 FN 467260 - 103,253.72 - - (191.17) (3.90) (133.22) 1,058.72 103,984.15 371.06
256350021 LC-RCTC 2013 Residual Fund 46625HHS2 JPMORGAN CHASE & CO 40,843.20 - - - - - (115.98) (3.62) 40,723.60 777.33
256350021 LC-RCTC 2013 Residual Fund 3137A1N90 FHMS K008 A2 65,455.65 - - - - - (98.40) (21.20) 65,336.05 191.26
256350021 LC-RCTC 2013 Residual Fund 89114QBF4 TORONTO-DOMINION BANK 50,127.50 - - - - - (92.63) (21.87) 50,013.00 326.30
256350021 LC-RCTC 2013 Residual Fund 86787EAS6 SUNTRUST BANK 100,348.00 - - - - - (84.52) (359.48) 99,904.00 526.42
256350021 LC-RCTC 2013 Residual Fund 31381RZ23 FN 468861 - 62,558.42 - - (113.91) (1.65) (52.28) 422.41 62,813.00 203.46
256350021 LC-RCTC 2013 Residual Fund 31381PTG3 FN 466851 - 66,992.96 - - (118.80) (1.08) (48.12) 584.99 67,409.94 209.81
256350021 LC-RCTC 2013 Residual Fund 31381RLL6 FN 468431 - 54,177.90 - - (92.10) (1.34) (47.38) 580.60 54,617.69 176.22
256350021 LC-RCTC 2013 Residual Fund 38378CDK0 GNR 11169G AK 49,373.79 - - - (7,164.82) (43.81) (44.19) 119.49 42,240.45 105.66
256350021 LC-RCTC 2013 Residual Fund 02582JGN4 AMXCA 141 A 100,194.00 - - - - - (33.73) (95.27) 100,065.00 117.71
256350021 LC-RCTC 2013 Residual Fund 3134GSTK1 FEDERAL HOME LOAN MORTGAGE CORP 100,001.00 - - - - - (30.46) 61.46 100,032.00 1,066.67
256350021 LC-RCTC 2013 Residual Fund 05531FAQ6 BB&T CORP 99,889.00 - - - - - (28.70) 78.70 99,939.00 937.50
256350021 LC-RCTC 2013 Residual Fund 38378AWX5 GNR 11157E QA 34,393.76 - - - (3,815.91) (27.24) (25.63) 170.09 30,695.08 76.71
256350021 LC-RCTC 2013 Residual Fund 05522RCV8 BACCT 161 A 100,198.00 - - - - - (19.63) (113.37) 100,065.00 118.55
256350021 LC-RCTC 2013 Residual Fund 31416BVR6 FN 995324 50,523.51 - - - (10,254.11) (141.13) (15.09) (647.82) 39,465.37 161.62
256350021 LC-RCTC 2013 Residual Fund 3137A5FP4 FHR 3791E DA 40,809.89 - - - (3,226.53) (5.48) (11.61) 126.62 37,692.88 78.98
256350021 LC-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 220,079.20 - - - - (9.45) (142.35) 219,927.40 628.83
256350021 LC-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY - 345,122.63 - - - - (6.44) (295.59) 344,820.60 1,434.44
256350021 LC-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY - 400,055.15 (100,010.19) - - (3.56) (5.24) (192.16) 299,844.00 1,247.34
256350021 LC-RCTC 2013 Residual Fund 91159HHE3 U.S. BANCORP 99,939.00 - - (100,000.00) - - (1.91) 62.91 - -
256350021 LC-RCTC 2013 Residual Fund 31294KUP8 FH E01490 1,128.94 - - - (1,120.64) (1.44) (0.83) (6.03) - -
256350021 LC-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 15,002.70 - - - - - (0.76) (6.89) 14,995.05 42.88
256350021 LC-RCTC 2013 Residual Fund 31846V401 FIRST AMER:GVT OBLG D 15,422.18 10,541,711.29 (10,524,250.18) - - - - - 32,883.29 -
256350021 LC-RCTC 2013 Residual Fund CCYUSD Receivable 2,562.50 - - - - - - - - -
256350021 LC-RCTC 2013 Residual Fund 46849LTA9 JACKSON NATIONAL LIFE GLOBAL FUNDING 30,140.40 - (30,101.40) - - 101.40 - (140.40) - -
256350021 LC-RCTC 2013 Residual Fund 56052FHZ1 MAINE ST HSG AUTH MTG PUR 100,000.00 - - - - - - - 100,000.00 298.22
256350021 LC-RCTC 2013 Residual Fund 658886DZ6 NORTH DAKOTA ST HSG FIN AGY MTG REV 100,000.00 - - - - - - - 100,000.00 1,061.01
256350021 LC-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 15,002.70 - - - - - - (7.65) 14,995.05 42.88
256350021 LC-RCTC 2013 Residual Fund 9128285H9 UNITED STATES TREASURY - 549,984.67 - - - - 0.55 (815.72) 549,169.50 2,288.69
256350021 LC-RCTC 2013 Residual Fund 46849LSP7 JACKSON NATIONAL LIFE GLOBAL FUNDING 9,721.60 - (9,685.70) - - (39.93) 3.20 0.84 - -
256350021 LC-RCTC 2013 Residual Fund 65602VBU9 The Norinchukin Bank - 299,996.80 - (300,000.00) - - 3.20 - - -
256350021 LC-RCTC 2013 Residual Fund 3137A1LC5 FHR 3710F AB 16,162.02 - - - (3,653.04) 10.31 3.79 11.37 12,534.45 21.02
256350021 LC-RCTC 2013 Residual Fund 24422ESF7 JOHN DEERE CAPITAL CORP 99,897.00 - - (100,000.00) - - 4.38 98.62 - -
256350021 LC-RCTC 2013 Residual Fund 0258M0DZ9 AMERICAN EXPRESS CREDIT CORP 99,980.00 - - (100,000.00) - 7.00 4.67 8.33 - -
256350021 LC-RCTC 2013 Residual Fund 06406HCU1 BANK OF NEW YORK MELLON CORP 99,736.00 - - - - - 4.79 28.21 99,769.00 281.11
256350021 LC-RCTC 2013 Residual Fund 20030NCP4 COMCAST CORP - 99,953.00 - - - - 5.25 424.75 100,383.00 788.33
256350021 LC-RCTC 2013 Residual Fund 89236WAD0 TAOT 15A A4 20,376.59 - - - (20,408.22) 16.26 5.97 9.39 - -
256350021 LC-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP 24,939.50 - - - - - 11.00 66.75 25,017.25 99.83
256350021 LC-RCTC 2013 Residual Fund 3137B1UF7 FHMS K027 A1 18,612.17 - - - (1,185.36) 15.18 14.33 109.63 17,565.95 26.60
256350021 LC-RCTC 2013 Residual Fund 254010AC5 DIGNITY HEALTH 23,850.48 - - - - - 15.91 (6.55) 23,859.84 105.48
256350021 LC-RCTC 2013 Residual Fund 3137APP53 FHMS K018 A1 12,076.27 - - - (1,711.24) 17.40 17.46 (4.47) 10,395.43 15.58
256350021 LC-RCTC 2013 Residual Fund 3138L2GH4 FN AM1999 - 90,006.24 - - - - 19.47 470.66 90,496.36 148.99
256350021 LC-RCTC 2013 Residual Fund 3137AXHN6 FHMS K024 A1 33,145.07 - - - (2,350.83) 27.77 26.33 160.74 31,009.09 45.99
256350021 LC-RCTC 2013 Residual Fund 808513AW5 CHARLES SCHWAB CORP - 149,700.00 - - - - 26.66 1,005.34 150,732.00 541.67
256350021 LC-RCTC 2013 Residual Fund 14912L6M8 CATERPILLAR FINANCIAL SERVICES CORP 99,922.00 - - (100,000.00) - - 27.63 50.37 - -
256350021 LC-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 19,776.00 - - - - - 41.16 (32.16) 19,785.00 144.22
256350021 LC-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 19,776.00 - - - - - 41.44 (32.44) 19,785.00 144.22
256350021 LC-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 19,776.00 - - - - - 41.63 (32.63) 19,785.00 144.22
256350021 LC-RCTC 2013 Residual Fund 65479AAD4 NALT 17A A3 49,706.50 - - - - - 42.50 1.50 49,750.50 42.44
256350021 LC-RCTC 2013 Residual Fund 055657AC4 BMWLT 171 A3 99,602.00 - - - (6,408.43) 5.35 44.07 (2.40) 93,240.60 56.62
256350021 LC-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 A1 38,460.60 - - - (2,592.84) 46.36 44.39 198.97 36,157.48 48.69
256350021 LC-RCTC 2013 Residual Fund 23337UL23 DTE Gas Company - 349,955.47 - (350,000.00) - - 44.53 - - -
256350021 LC-RCTC 2013 Residual Fund 65478DAD9 NAROT 18A A3 84,432.20 - - - - - 46.69 116.51 84,595.40 100.11
256350021 LC-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 34,648.25 - - - - - 48.22 20.38 34,716.85 297.50
256350021 LC-RCTC 2013 Residual Fund 90331HNP4 US BANK NA - 249,395.00 - - - - 51.31 783.69 250,230.00 1,421.88
256350021 LC-RCTC 2013 Residual Fund 06051GFN4 BANK OF AMERICA CORP 98,722.00 - - - - - 51.96 157.04 98,931.00 437.50
256350021 LC-RCTC 2013 Residual Fund 46625HKA7 JPMORGAN CHASE & CO 98,977.00 - - - - - 52.95 (25.95) 99,004.00 987.50
256350021 LC-RCTC 2013 Residual Fund 61746BDM5 MORGAN STANLEY 99,943.00 - - - - - 58.31 (42.31) 99,959.00 1,090.28
256350021 LC-RCTC 2013 Residual Fund 71112KN49 The Peoples Gas Light And Coke Company - 149,906.67 - - - - 58.33 12.50 149,977.50 -
256350021 LC-RCTC 2013 Residual Fund 902674XF2 UBS AG (LONDON BRANCH)196,390.00 - (196,378.00) - - (268.51) 59.17 197.34 - -
256350021 LC-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 29,417.70 - - - - - 66.48 73.92 29,558.10 0.93
256350021 LC-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP - 199,498.00 - - - - 69.22 570.78 200,138.00 798.61
256350021 LC-RCTC 2013 Residual Fund 3137B2GW4 FHMS K713 A2 97,258.31 - - - (542.64) 2.97 75.93 14.31 96,808.87 187.97
256350021 LC-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 49,349.50 - - - - - 85.65 232.85 49,668.00 361.02
256350021 LC-RCTC 2013 Residual Fund 65477XAE4 NALT 16B A4 44,864.10 - - - (6,089.09) 8.04 99.37 (19.37) 38,863.04 27.84
256350021 LC-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 97,845.00 - - - - - 104.71 663.29 98,613.00 449.17
256350021 LC-RCTC 2013 Residual Fund 05531FAU7 BB&T CORP - 99,133.00 - - - - 111.99 (139.99) 99,105.00 14.58
256350021 LC-RCTC 2013 Residual Fund 23337UNE5 DTE Gas Company - 274,604.00 - - - - 125.05 28.95 274,758.00 -
256350021 LC-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK - 99,577.00 - - - - 125.51 (77.51) 99,625.00 1,056.60
256350021 LC-RCTC 2013 Residual Fund 912796PD5 UNITED STATES TREASURY - 274,873.25 - (275,000.00) - - 126.75 - - -
256350021 LC-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC - 98,857.00 - - - - 133.01 200.99 99,191.00 850.00
256350021 LC-RCTC 2013 Residual Fund 64587BN73 New Jersey Natural Gas Company - 274,732.33 - - - - 133.84 32.09 274,898.25 -
256350021 LC-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 31,707.29 - - - - - 134.03 (98.09) 31,743.24 18.98
256350021 LC-RCTC 2013 Residual Fund 65478HAD0 NAROT 17C A3 68,980.80 - - - - - 135.95 10.35 69,127.10 65.96
256350021 LC-RCTC 2013 Residual Fund 43357MNR7 Hitachi Capital America Corp.- 274,312.50 - - - - 137.50 88.00 274,538.00 -
256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 38,981.20 - - - - - 141.21 124.39 39,246.80 77.07
256350021 LC-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK 99,562.00 - - - - - 142.18 (79.18) 99,625.00 1,056.60
91 CIP STAMP Portfolio Transaction Report by Account
Quarter ended December 31, 2018
ATTACHMENT 4
24
Page 9 of 34
Source
Account Account Identifier Description
Beginning Base
Market Value Base Purchases Base Sales
Base Maturities and
Redemptions Base Paydowns
Net Total Realized
Gain/Loss
Base
Amortization/Ac
cretion
Base Change In
Net Unrealized
Gain/Loss
Ending Base
Market Value
Ending Accrued
Income Balance
91 CIP STAMP Portfolio Transaction Report by Account
Quarter ended December 31, 2018
256350021 LC-RCTC 2013 Residual Fund 31677QBB4 FIFTH THIRD BANK 199,652.00 - - - - - 149.76 (213.76) 199,588.00 870.83
256350021 LC-RCTC 2013 Residual Fund 40428HPN6 HSBC USA INC (NEW)99,338.00 - - - - - 158.24 (133.24) 99,363.00 316.67
256350021 LC-RCTC 2013 Residual Fund 64587BKK7 New Jersey Natural Gas Company - 274,838.44 - (275,000.00) - - 161.56 - - -
256350021 LC-RCTC 2013 Residual Fund 93884FKK7 Washington Gas Light Company - 274,838.44 - (275,000.00) - - 161.56 - - -
256350021 LC-RCTC 2013 Residual Fund 21688AAN2 COOPERATIEVE RABOBANK UA (NEW YORK BRANCH)- 247,950.00 - - - - 169.58 965.42 249,085.00 1,410.59
256350021 LC-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE 98,864.00 - - - - - 174.61 59.39 99,098.00 511.11
256350021 LC-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL - 99,051.00 - - - - 179.46 (179.46) 99,051.00 110.83
256350021 LC-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 96,687.00 - - - - - 190.01 760.99 97,638.00 338.54
256350021 LC-RCTC 2013 Residual Fund 161571FK5 CHAIT 124 A 113,817.80 - - - - - 190.84 55.26 114,063.90 80.76
256350021 LC-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP - 98,754.00 - - - - 191.38 (20.38) 98,925.00 721.11
256350021 LC-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 99,045.00 - - - - - 198.84 (192.84) 99,051.00 110.83
256350021 LC-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 95,559.00 - - - - - 217.74 1,582.26 97,359.00 447.12
256350021 LC-RCTC 2013 Residual Fund 02587AAJ3 AMXCA 171 A 98,614.00 - - - - - 226.59 (23.59) 98,817.00 85.78
256350021 LC-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA - 97,760.00 - - - - 242.66 610.34 98,613.00 449.17
256350021 LC-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE - 98,913.00 - - - - 260.72 (75.72) 99,098.00 511.11
256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 68,217.10 - - - - - 277.40 187.40 68,681.90 134.88
256350021 LC-RCTC 2013 Residual Fund 912828S76 UNITED STATES TREASURY 90,483.70 - (91,166.60) - - (220.94) 277.60 626.24 - -
256350021 LC-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA - 96,615.00 - - - - 287.92 735.08 97,638.00 338.54
256350021 LC-RCTC 2013 Residual Fund 64587BM58 New Jersey Natural Gas Company - 199,708.33 - (200,000.00) - - 291.67 - - -
256350021 LC-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY 260,632.80 - - - - - 296.22 2,033.13 262,962.15 2,356.56
256350021 LC-RCTC 2013 Residual Fund 43814TAD4 HAROT 171 A4 - 196,375.00 - - - - 297.97 689.03 197,362.00 113.89
256350021 LC-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 63,414.59 - - - - - 303.37 (231.48) 63,486.48 37.96
256350021 LC-RCTC 2013 Residual Fund 05584PAD9 BMWLT 172 A3 - 148,652.34 - - - - 313.82 (80.66) 148,885.50 94.88
256350021 LC-RCTC 2013 Residual Fund 71112KKW0 The Peoples Gas Light And Coke Company - 274,640.97 - (275,000.00) - - 359.03 - - -
256350021 LC-RCTC 2013 Residual Fund 17275RBG6 CISCO SYSTEMS INC 148,041.00 - - - - - 441.13 172.37 148,654.50 589.17
256350021 LC-RCTC 2013 Residual Fund 36164QMS4 GE CAPITAL INTERNATIONAL FUNDING CO 195,424.00 - - - - - 470.75 (2,882.75) 193,012.00 598.51
256350021 LC-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 454,015.40 - - - - - 483.06 2,447.14 456,945.60 3,321.34
256350021 LC-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY - 279,901.17 - - - - 487.42 2,419.76 282,808.35 2,534.41
256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 131,561.55 - - - - - 494.57 401.83 132,457.95 260.12
256350021 LC-RCTC 2013 Residual Fund 06406FAB9 BANK OF NEW YORK MELLON CORP - 193,708.00 - - - - 508.97 989.03 195,206.00 660.56
256350021 LC-RCTC 2013 Residual Fund 63873KM53 Natixis - 274,486.06 - (275,000.00) - - 513.94 - - -
256350021 LC-RCTC 2013 Residual Fund 02360SN46 Ameren Corporation - 274,384.15 - - - - 552.14 22.46 274,958.75 -
256350021 LC-RCTC 2013 Residual Fund 55279HAN0 MANUFACTURERS AND TRADERS TRUST CO - 244,707.50 - - - - 596.33 (228.83) 245,075.00 1,907.64
256350021 LC-RCTC 2013 Residual Fund 26055BLE2 The Dow Chemical Company - 274,363.68 - (275,000.00) - - 636.32 - - -
256350021 LC-RCTC 2013 Residual Fund 49327M2P8 KEYBANK NA - 247,367.50 - - - - 649.82 (242.32) 247,775.00 1,433.33
256350021 LC-RCTC 2013 Residual Fund 69353RFC7 PNC BANK NA - 245,222.50 - - - - 650.85 236.65 246,110.00 583.33
256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 194,906.00 - - - - - 673.85 654.15 196,234.00 385.36
256350021 LC-RCTC 2013 Residual Fund 912828Q37 UNITED STATES TREASURY 259,591.50 - (261,330.47) - - (564.26) 729.03 1,574.20 - -
256350021 LC-RCTC 2013 Residual Fund 43357MLV0 Hitachi Capital America Corp.- 349,250.42 - (350,000.00) - - 749.58 - - -
256350021 LC-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 230,438.65 - - - - - 771.81 327.99 231,538.45 7.30
256350021 LC-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY - 542,330.08 - - - - 914.18 3,103.74 546,348.00 3,971.17
256350021 LC-RCTC 2013 Residual Fund 912828SA9 UNITED STATES TREASURY 195,453.31 - - - - - 921.52 (1,169.98) 195,204.84 116.13
256350021 LC-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY - 274,520.31 - - - - 999.39 355.90 275,875.60 8.70
256350021 LC-RCTC 2013 Residual Fund 912828Q37 UNITED STATES TREASURY - 542,377.93 (546,858.20) - - 2,820.14 1,660.13 - - -
256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY - 467,531.25 - - - - 1,802.30 1,628.05 470,961.60 924.86
6,589,897.26 22,263,446.52 (11,759,780.74)(3,250,000.00)(71,039.68)1,753.94 19,651.48 22,574.49 13,813,940.77 64,763.01
256350023 LC-Sr Lien Reserve Fund-1 31381Q6B7 FN 468066 189,197.16 - - - (857.39) (50.31) (1,024.95) 2,251.95 189,516.46 679.58
256350023 LC-Sr Lien Reserve Fund-1 3138EJPZ5 FN AL2239 270,897.84 - - - (1,668.86) (67.59) (1,014.53) 5,150.49 273,297.35 699.19
256350023 LC-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 1,136,208.00 - - - - - (772.45) 32,320.45 1,167,756.00 3,310.77
256350023 LC-Sr Lien Reserve Fund-1 31381T4E7 FN 470721 257,916.02 - - - (1,649.05) (41.73) (678.71) 4,520.81 260,067.34 601.16
256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 717,969.60 - - - - - (671.41) 7,088.11 724,386.30 6,491.64
256350023 LC-Sr Lien Reserve Fund-1 3137B1U75 FHMS KS01 A2 369,850.20 - - - - - (668.73) 5,403.53 374,585.00 798.63
256350023 LC-Sr Lien Reserve Fund-1 31381PEB0 FN 466430 253,213.78 - - - (1,216.39) (18.20) (658.63) 1,886.49 253,207.06 728.28
256350023 LC-Sr Lien Reserve Fund-1 912828G38 UNITED STATES TREASURY 1,293,732.00 - - - - - (605.72) 33,613.22 1,326,739.50 3,943.72
256350023 LC-Sr Lien Reserve Fund-1 3136A7MN9 FNA 12M8 A2 290,592.00 - - - - - (429.11) 5,349.11 295,512.00 587.35
256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 196,546.00 - - - - - (346.82) 3,004.82 199,204.00 2,216.67
256350023 LC-Sr Lien Reserve Fund-1 912828VV9 UNITED STATES TREASURY 301,031.95 - (202,325.97) - - (4,628.31) (298.13) 5,556.46 99,336.00 722.03
256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 196,546.00 - - - - - (265.10) 2,923.10 199,204.00 2,216.67
256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 231,127.20 - - - - - (261.69) 2,327.34 233,192.85 2,089.78
256350023 LC-Sr Lien Reserve Fund-1 31381R5T7 FN 468958 131,596.40 - - - - - (251.40) 1,327.80 132,672.80 422.03
256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 98,352.00 - - - - - (246.28) 1,125.28 99,231.00 889.27
256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 142,610.40 - - - - - (176.86) 1,451.41 143,884.95 1,289.44
256350023 LC-Sr Lien Reserve Fund-1 31381QB54 FN 467260 - 134,678.76 - - (249.36) (5.07) (173.77) 1,380.94 135,631.49 483.99
256350023 LC-Sr Lien Reserve Fund-1 31398QTP2 FHR 3747C HW 91,680.30 - - - (6,037.22) (80.47) (168.05) (120.29) 85,274.28 314.86
256350023 LC-Sr Lien Reserve Fund-1 38378DDC6 GNR 1216E GB 162,264.69 - - - (22,817.50) (128.26) (158.98) 201.91 139,361.86 405.56
256350023 LC-Sr Lien Reserve Fund-1 38375KCX8 GNR 0726C MA 60,287.56 - - - (22,321.60) (152.04) (142.16) (1.90) 37,669.86 172.11
256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 149,562.79 - - - (8,223.11) (284.44) (139.24) 1,600.83 142,516.83 356.06
256350023 LC-Sr Lien Reserve Fund-1 38376GB33 GNR 116 BA 164,872.47 - - - (38,540.65) (215.11) (131.99) 164.45 126,149.17 368.35
256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 56,042.69 - - - (8,457.23) (147.89) (123.02) 59.17 47,373.72 175.33
256350023 LC-Sr Lien Reserve Fund-1 3137AXHP1 FHMS K024 A2 136,914.40 - - - - - (115.75) 1,655.75 138,454.40 300.18
256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 113,104.80 - - - - - (108.16) 1,119.01 114,115.65 1,022.66
256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 140,384.16 - - - - - (100.35) 1,574.91 141,858.72 287.52
256350023 LC-Sr Lien Reserve Fund-1 38376T5Z1 GNR 104A PD 84,586.02 - - - (5,161.57) (165.46) (77.49) 1,093.93 80,275.42 201.36
256350023 LC-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 77,775.71 - - - (3,540.02) (181.31) (75.31) 397.18 74,376.26 268.54
256350023 LC-Sr Lien Reserve Fund-1 3138L76A9 FN AM7164 122,706.08 - - - (123,135.82) (2,128.59) (71.28) 2,629.62 - -
256350023 LC-Sr Lien Reserve Fund-1 3134GSTK1 FEDERAL HOME LOAN MORTGAGE CORP 200,002.00 - - - - - (60.92) 122.92 200,064.00 2,133.33
256350023 LC-Sr Lien Reserve Fund-1 38378AWX5 GNR 11157E QA 103,181.29 - - - (11,447.74) (46.28) (55.43) 453.40 92,085.24 230.13
256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 14,215.71 - - - (2,145.25) (60.33) (48.07) 54.68 12,016.75 44.47
256350023 LC-Sr Lien Reserve Fund-1 3137AJMF8 FHMS K016 A2 29,868.30 - - - (332.01) (4.96) (47.49) 231.03 29,714.87 73.37
256350023 LC-Sr Lien Reserve Fund-1 3136A4M48 FNA 12M3A 1A1 40,582.62 - - - (40,736.52) (6.03) (47.06) 206.99 - -
256350023 LC-Sr Lien Reserve Fund-1 38378VC45 GNR 13116D MA - 156,710.72 - - (3,237.45) 118.50 (45.79) 1,759.24 155,305.22 298.77
256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 49,176.00 - - - - - (43.57) 483.07 49,615.50 444.63
256350023 LC-Sr Lien Reserve Fund-1 31381PTG3 FN 466851 - 44,661.98 - - (79.20) (0.72) (32.08) 389.99 44,939.97 139.88
25
Page 10 of 34
Source
Account Account Identifier Description
Beginning Base
Market Value Base Purchases Base Sales
Base Maturities and
Redemptions Base Paydowns
Net Total Realized
Gain/Loss
Base
Amortization/Ac
cretion
Base Change In
Net Unrealized
Gain/Loss
Ending Base
Market Value
Ending Accrued
Income Balance
91 CIP STAMP Portfolio Transaction Report by Account
Quarter ended December 31, 2018
256350023 LC-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 68,266.40 - - - (5,397.32) (9.16) (19.43) 211.81 63,052.31 132.12
256350023 LC-Sr Lien Reserve Fund-1 38378CDK0 GNR 11169G AK 27,429.88 - - - (3,980.46) (12.44) (16.57) 46.50 23,466.91 58.70
256350023 LC-Sr Lien Reserve Fund-1 31395EZP5 FHR 2835G MD 6,574.13 - - - (3,350.21) (20.43) (12.35) 13.85 3,204.99 12.02
256350023 LC-Sr Lien Reserve Fund-1 38379HLE3 GNR 14184H WK - 129,362.82 - - (6,408.94) 8.96 (11.98) 2,091.33 125,042.20 359.15
256350023 LC-Sr Lien Reserve Fund-1 38378CRT6 GNR 1213E EG 52,197.75 - - - (2,871.68) 79.75 (9.42) 1,090.36 50,486.75 86.49
256350023 LC-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 26,896.86 - - - (6,577.55) 2.72 (9.24) (13.81) 20,298.98 50.76
256350023 LC-Sr Lien Reserve Fund-1 38377JZ89 GNR 10117A GK 55,395.44 - - - (3,648.11) (72.34) (7.32) 750.14 52,417.81 151.27
256350023 LC-Sr Lien Reserve Fund-1 38377JM59 GNR 10111F PE - 91,585.12 - - (1,922.18) 48.87 (7.10) 322.81 90,027.52 191.69
256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 35,664.96 - - - (1,960.89) (1.79) (5.14) 287.64 33,984.77 84.91
256350023 LC-Sr Lien Reserve Fund-1 38378TAF7 GNR 1371A GA 133,733.34 - - - (6,359.00) 5.79 (4.73) 1,937.25 129,312.64 272.47
256350023 LC-Sr Lien Reserve Fund-1 38377F2N0 GNR 1073E LN - 12,671.65 - - (3,567.70) 6.07 (2.61) 8.69 9,116.10 22.81
256350023 LC-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 8,367.91 - - - (2,046.35) 1.95 (1.81) (6.47) 6,315.24 15.79
256350023 LC-Sr Lien Reserve Fund-1 31846V401 FIRST AMER:GVT OBLG D 5,063.65 977,237.01 (850,250.56) - - - - - 132,050.10 -
256350023 LC-Sr Lien Reserve Fund-1 38377F2N0 GNR 1073E LN 14,507.43 (14,486.70) - - - - - (20.73) - -
256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 121,847.50 - - - - - 0.24 1,318.51 123,166.25 247.19
256350023 LC-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 41,257.47 - - - (2,880.43) (95.90) 3.40 522.72 38,807.26 123.93
256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 22,893.81 - - - (1,172.08) 17.14 4.44 178.59 21,921.90 54.89
256350023 LC-Sr Lien Reserve Fund-1 3138L33G8 FN AM3498 98,181.00 - - - - - 5.99 451.01 98,638.00 173.08
256350023 LC-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 45,893.38 - - - (3,628.45) 11.71 7.06 104.41 42,388.11 88.82
256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 14,296.92 - - - (129.65) 1.34 7.28 83.57 14,259.45 17.67
256350023 LC-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY - 145,148.44 - - - - 7.80 813.26 145,969.50 413.85
256350023 LC-Sr Lien Reserve Fund-1 38378KXW4 GNR 13105 A 117,373.86 - - - (8,918.88) 19.50 8.37 287.94 108,770.79 159.37
256350023 LC-Sr Lien Reserve Fund-1 38380AZ34 GNR 16147C DA 146,781.06 - - - (4,983.56) (120.56) 11.00 2,925.32 144,613.27 363.39
256350023 LC-Sr Lien Reserve Fund-1 3138NJAE8 FN FN0004 28,878.56 - - - (6,191.72) (67.76) 13.32 108.14 22,740.54 70.06
256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 53,613.43 - - - (486.18) 6.07 25.69 313.93 53,472.95 66.25
256350023 LC-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD - 159,046.85 - - - - 29.62 4,108.00 163,184.47 521.12
256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 203,125.50 - - - - - 29.69 5,077.81 208,233.00 526.99
256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 36,360.76 - - - (1,861.54) (46.12) 31.04 333.00 34,817.15 87.17
256350023 LC-Sr Lien Reserve Fund-1 38377WL77 GNR 1194A AB 45,378.70 - - - (32,088.04) 138.38 31.60 (85.06) 13,375.58 22.33
256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 14,588.44 - - - (88.67) 3.27 37.42 239.72 14,780.19 30.33
256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 18,235.55 - - - (110.84) 3.38 38.06 309.08 18,475.23 37.91
256350023 LC-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 145,588.50 - - - - - 38.58 1,326.42 146,953.50 353.25
256350023 LC-Sr Lien Reserve Fund-1 31381N7G2 FN 466295 45,247.43 - - - (27,054.34) (93.33) 40.51 156.16 18,296.42 51.30
256350023 LC-Sr Lien Reserve Fund-1 3136AC7J4 FNA 13M6 2A 54,936.98 - - - (5,322.53) 75.45 43.97 998.40 50,732.27 107.34
256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 60,601.27 - - - (3,102.57) (41.60) 45.37 526.10 58,028.58 145.29
256350023 LC-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 42,195.14 - - - (2,945.90) (185.31) 46.14 579.17 39,689.25 126.74
256350023 LC-Sr Lien Reserve Fund-1 38378B6A2 GNR 1312A AB 108,498.22 - - - (667.44) 12.36 63.10 (1,470.95) 106,435.29 174.11
256350023 LC-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 97,480.76 - - - (16,329.39) 92.15 68.17 108.80 81,420.48 99.99
256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 180,556.00 - - - - - 88.45 4,451.55 185,096.00 468.43
256350023 LC-Sr Lien Reserve Fund-1 38378XP62 GNR 14166 PL 301,661.04 - - - (26,932.39) (258.18) 99.09 8,427.65 282,997.21 608.17
256350023 LC-Sr Lien Reserve Fund-1 38379KDN5 GNR 1529 AD 155,804.92 - - - (4,878.34) 62.61 100.35 475.96 151,565.50 286.84
256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 185,628.00 - - - - - 101.59 (1,503.59) 184,226.00 378.83
256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 237,062.19 - - - (1,440.87) 13.46 125.45 4,417.81 240,178.04 492.81
256350023 LC-Sr Lien Reserve Fund-1 912828UN8 UNITED STATES TREASURY 100,955.40 - (101,821.29) - - 235.53 154.82 475.54 - -
256350023 LC-Sr Lien Reserve Fund-1 3137EADR7 FREDDIE MAC 464,654.50 - - - - - 179.98 2,831.52 467,666.00 1,088.54
256350023 LC-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 54,772.03 - - - - - 183.05 (268.00) 54,687.08 99.74
256350023 LC-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 525,574.50 - - - - - 208.90 9,691.10 535,474.50 2,459.13
256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 153,147.69 - - - - - 222.68 1,434.83 154,805.20 310.69
256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 232,035.00 - - - - - 301.65 (2,054.15) 230,282.50 473.54
256350023 LC-Sr Lien Reserve Fund-1 3136AHAE0 FNA 13M14 APT 180,379.16 - - - (68,786.21) (986.21) 322.81 5,129.81 116,059.35 255.97
256350023 LC-Sr Lien Reserve Fund-1 3135G0D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 587,190.00 - - - - - 324.32 3,707.68 591,222.00 225.00
256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 53,613.42 - - - (486.18) 34.40 346.10 (34.80) 53,472.94 66.25
256350023 LC-Sr Lien Reserve Fund-1 3134G9V38 FEDERAL HOME LOAN MORTGAGE CORP 244,725.00 - - - - - 413.26 2,091.74 247,230.00 1,604.17
256350023 LC-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 812,251.50 - - - - - 413.96 14,886.04 827,551.50 3,800.48
256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 229,099.15 - - - - - 417.45 1,988.95 231,505.55 469.22
256350023 LC-Sr Lien Reserve Fund-1 3136A72D3 FNA 12M9 A2 323,229.38 - - - (14,668.67) 261.98 432.36 4,310.52 313,565.57 654.99
256350023 LC-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 179,165.53 - - - - - 569.43 (797.19) 178,937.77 106.45
256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 540,501.50 - - - - - 623.89 6,685.61 547,811.00 6,095.83
256350023 LC-Sr Lien Reserve Fund-1 38378KRS0 GNR 1378 AG 418,626.00 - - - - - 674.76 4,603.74 423,904.50 895.72
256350023 LC-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 1,067,649.00 - - - - - 703.61 9,306.39 1,077,659.00 2,590.47
256350023 LC-Sr Lien Reserve Fund-1 912828UH1 UNITED STATES TREASURY 184,959.21 - - - - - 781.86 (572.18) 185,168.90 110.71
256350023 LC-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 224,067.41 - - - - - 853.41 (1,200.94) 223,719.87 408.03
256350023 LC-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 271,462.93 - - - - - 886.11 (1,231.20) 271,117.84 161.29
17,780,716.63 1,836,616.65 (1,154,397.82)0.00 (585,099.19)(9,162.88)(276.98)234,044.97 18,102,441.37 65,019.13
24,370,613.89 24,100,063.17 (12,914,178.56)(3,250,000.00)(656,138.87)(7,408.95)19,374.50 256,619.45 31,916,382.14 129,782.14
26
*Negative cash reflects securities in transit at month end
91 CIP STAMP Portfolio Summary of Investments for quarter ended December 31, 2018
Credit Rating Industry Group
Asset Class Security Type Market Sector
ATTACHMENT 5
27
*Negative cash reflects securities in transit at month end
91 CIP STAMP Portfolio
Series A & Series B Reserve Fund Summary of Investments for quarter ended December 31, 2018
Credit Rating Industry Group
Asset Class Security Type Market Sector
ATTACHMENT 6
28
*Negative cash reflects securities in transit at month end
91 CIP STAMP Portfolio
Residual Fund Required Retained Balance Summary of Investments for quarter ended December 31, 2018
Credit Rating Industry Group
Asset Class Security Type Market Sector
ATTACHMENT 7
29
Page 14 of 34
Source
Account Account Identifier
Security Type
Category Issuer
Final
Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Council of Federal Home Loan Banks 05/28/2020 07/03/2018 350,000.00 350,150.50 ---350,504.00 386.83 2.625 2.519 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 150,000.00 150,075.00 02/23/2019 150,048.00 48.00 3.000 2.748 AAA
240907004 LC-RCTC Toll Revenue: - I-15 3135G0U68 Agency Federal National Mortgage Association, Inc.10/30/2019 10/25/2018 375,000.00 375,000.00 ---374,958.75 (41.25)2.530 2.518 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AAMQ8 Agency Federal Home Loan Banks Office of Finance 01/18/2019 12/27/2018 225,000.00 224,841.60 ---224,885.25 13.48 1.250 2.318 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 09/26/2018 100,000.00 97,238.28 ---98,533.00 1,118.60 2.373 2.808 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2022 02/27/2018 32,918.83 32,178.16 ---32,267.70 (46.01)1.573 2.755 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 12/05/2017 507,895.52 552,529.81 ---524,828.76 (20,065.33)5.500 3.280 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 Agency CMO The Government National Mortgage Association Guarant 06/20/2038 09/28/2018 45,628.85 45,550.43 ---45,580.48 43.48 3.000 2.799 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 65,017.01 65,179.56 ---64,641.87 (471.05)2.500 2.878 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO The Government National Mortgage Association Guarant 03/20/2035 01/30/2018 98,620.22 99,529.37 ---98,561.05 (597.42)3.000 2.892 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO The Government National Mortgage Association Guarant 01/20/2036 01/30/2018 153,417.10 154,903.33 ---153,475.40 (955.90)3.000 2.835 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 Agency CMO Government National Mortgage Association 05/16/2037 10/30/2018 81,364.06 81,643.75 ---81,475.53 (98.48)4.000 3.270 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377WL77 Agency CMO Government National Mortgage Association 01/20/2039 08/28/2018 5,992.11 5,965.90 ---5,981.27 13.93 2.000 2.977 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO The Government National Mortgage Association Guarant 05/20/2043 10/18/2018 87,954.33 87,830.64 ---89,315.86 1,493.81 3.500 2.774 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO The Government National Mortgage Association Guarant 12/16/2041 11/23/2018 71,428.88 68,850.74 ---69,619.58 788.63 2.250 3.097 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO The Government National Mortgage Association Guarant 10/20/2039 11/21/2018 41,338.39 40,304.94 ---40,447.13 145.02 2.500 3.451 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Federal Home Loan Mortgage Corporation 07/25/2021 11/29/2018 100,000.00 100,179.69 ---100,681.00 506.66 3.230 2.858 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 11/29/2018 98,893.31 99,668.24 ---99,049.56 (592.21)2.968 2.838 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 80,377.02 82,386.45 ---81,909.01 (212.10)4.000 3.013 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal National Mortgage Association, Inc.09/25/2029 09/28/2018 73,978.48 74,625.79 ---74,495.58 8.52 4.000 2.965 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 123,380.05 124,286.12 ---123,772.40 (162.11)5.500 3.293 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31397SE83 Agency CMO Federal National Mortgage Association, Inc.02/25/2039 01/30/2018 12,842.53 12,914.76 ---12,824.03 (10.56)4.000 2.864 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO The Government National Mortgage Association Guarant 04/20/2038 06/20/2018 83,429.40 83,993.20 ---83,617.12 (217.57)3.500 2.994 AAA
240907004 LC-RCTC Toll Revenue: - I-15 31397Q4Q8 Agency CMO Federal National Mortgage Association, Inc.03/25/2035 01/10/2018 39,535.30 39,868.88 ---39,470.06 (66.96)4.000 2.843 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QTC1 Agency CMO The Government National Mortgage Association Guarant 12/16/2025 09/28/2018 40,051.15 47,402.49 ---40,024.32 (2,937.77)3.500 2.836 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2029 01/31/2018 129,722.73 128,101.19 ---127,756.13 (556.90)2.000 2.807 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association, Inc.11/25/2025 01/31/2018 4,021.64 4,036.72 ---4,013.68 (11.88)3.500 3.377 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 18,466.50 18,524.20 ---18,483.49 1.60 5.305 3.703 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association, Inc.07/25/2022 09/26/2018 97,459.41 96,002.92 ---96,728.46 621.65 2.509 2.819 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 29,810.70 30,518.72 ---30,534.81 66.70 4.000 2.868 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381PTG3 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 11/08/2018 44,171.39 44,582.04 ---44,939.97 389.99 3.800 2.608 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 57,069.00 58,250.51 ---58,773.65 598.41 4.410 2.684 AAA
240907004 LC-RCTC Toll Revenue: - I-15 3136AK2A0 Agency MBS Federal National Mortgage Association, Inc.09/25/2019 01/08/2018 205,263.84 204,951.38 ---203,964.52 (989.04)2.171 3.007 AAA
240907004 LC-RCTC Toll Revenue: - I-15 36225B5Y0 Agency MBS Government National Mortgage Association 06/15/2019 12/21/2017 1,062.45 1,074.41 ---1,061.83 (3.74)5.500 4.499 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Federal Home Loan Mortgage Corporation 08/01/2020 12/05/2017 519,935.55 531,646.58 ---529,710.34 (11,237.37)5.000 1.848 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 39,845.49 40,306.21 ---40,427.63 93.78 3.630 2.693 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 36,435.09 36,568.88 ---36,592.86 (80.74)3.270 2.918 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 45,942.54 46,624.51 ---47,084.21 500.51 3.840 2.595 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 02/27/2018 120,000.00 117,965.63 ---118,290.00 (12.35)2.522 2.923 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 75,243.46 74,208.86 ---73,944.76 (450.65)1.749 2.786 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 38,323.49 37,760.61 ---37,641.33 (211.49)1.785 2.748 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association, Inc.11/25/2022 02/27/2018 72,428.89 70,202.27 ---71,107.79 456.24 2.184 2.909 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 42,595.94 41,895.44 ---42,276.89 263.11 2.520 2.943 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 09/26/2018 101,825.27 100,950.22 ---101,311.06 327.41 2.778 2.966 AAA
240907004 LC-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 585,130.55 581,336.35 ---580,853.25 (1,373.88)2.313 2.891 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 14,321.22 14,634.50 ---14,690.85 80.43 4.000 2.745 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association, Inc.04/01/2023 01/31/2018 75,534.38 74,800.80 ---74,362.09 (486.13)2.000 2.831 AAA
240907004 LC-RCTC Toll Revenue: - I-15 58769DAD2 Asset Backed Mercedes-Benz Auto Lease Trust 2017-A 03/16/2020 07/27/2017 965,000.00 965,942.38 ---962,105.00 (3,015.77)1.790 3.063 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 850,000.00 846,115.23 ---845,758.50 (2,992.23)1.910 3.073 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65478GAC4 Asset Backed Nissan Auto Receivables 2017-B Owner Trust 05/15/2020 06/29/2018 257,078.66 257,028.46 ---257,078.66 (131.53)2.555 2.638 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 ---597,144.00 (403.53)2.650 2.930 AAA
240907004 LC-RCTC Toll Revenue: - I-15 05522RCQ9 Asset Backed BA Credit Card Trust 01/15/2019 03/21/2018 1,100,000.00 1,102,406.25 ---1,100,077.00 (186.36)2.835 2.665 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65478AAD5 Asset Backed Nissan Auto Receivables 2015-C Owner Trust 05/15/2020 12/21/2017 208,278.88 207,587.33 ---207,616.55 (415.43)1.370 2.871 AAA
240907004 LC-RCTC Toll Revenue: - I-15 05522RCV8 Asset Backed BA Credit Card Trust 05/15/2019 06/29/2018 750,000.00 751,611.33 ---750,487.50 (623.71)2.845 2.742 AAA
240907004 LC-RCTC Toll Revenue: - I-15 161571HC1 Asset Backed Chase Issuance Trust 06/17/2019 ---763,000.00 758,373.05 ---757,262.24 (4,556.22)1.370 3.015 AAA
240907004 LC-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 ---500,245.00 (1,347.22)2.755 2.786 AAA
240907004 LC-RCTC Toll Revenue: - I-15 43814LAC3 Asset Backed Honda Auto Receivables 2015-4 Owner Trust 09/23/2019 07/24/2017 0.00 0.00 ---0.00 (0.00)1.230 1.945 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B 01/18/2022 04/13/2018 350,198.14 347,380.15 ---349,767.40 (53.20)1.610 3.055 AAA
240907004 LC-RCTC Toll Revenue: - I-15 05582XAD4 Asset Backed Bmw Vehicle Lease Trust 2016-2 09/20/2019 07/27/2017 278,023.75 277,448.16 ---277,609.50 (385.51)1.430 2.964 AAA
240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 Asset Backed Mercedes-Benz Auto Lease Trust 2016-B 08/15/2019 ---74,911.32 74,698.33 ---74,873.87 (31.85)1.350 2.474 AAA
240907004 LC-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 ---642,310.50 (937.06)1.930 3.007 AAA
240907004 LC-RCTC Toll Revenue: - I-15 02582JGN4 Asset Backed American Express Credit Account Master Trust 05/15/2019 01/16/2018 252,000.00 252,885.94 ---252,163.80 (394.75)2.825 2.722 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/30/2018 40,978.59 41,106.65 ---41,029.40 (33.43)2.768 2.936 AAA
240907004 LC-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 ---1,484,370.00 (14,467.13)1.875 2.848 AAA
240907004 LC-RCTC Toll Revenue: - I-15 064159HC3 Corporate The Bank of Nova Scotia 01/15/2019 01/23/2018 400,000.00 399,504.00 ---399,848.00 (132.54)1.950 2.902 AA
240907004 LC-RCTC Toll Revenue: - I-15 89114QBE7 Corporate The Toronto-Dominion Bank 01/22/2019 01/23/2018 370,000.00 369,463.50 ---369,781.70 (187.29)1.950 2.938 AA
240907004 LC-RCTC Toll Revenue: - I-15 24422ETJ8 Corporate John Deere Capital Corporation 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 ---1,109,441.25 (11,845.92)1.250 3.074 A
240907004 LC-RCTC Toll Revenue: - I-15 06367TPX2 Corporate Bank of Montreal 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 ---990,510.00 (11,603.46)2.100 3.124 AA
240907004 LC-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 ---990,240.00 (13,199.74)2.100 3.074 A
240907004 LC-RCTC Toll Revenue: - I-15 375558BQ5 Corporate Gilead Sciences, Inc.09/20/2019 ---1,495,000.00 1,496,206.00 ---1,493,445.20 (2,266.45)3.042 3.215 A
240907004 LC-RCTC Toll Revenue: - I-15 0258M0DK2 Corporate American Express Credit Corporation 03/18/2019 07/25/2017 1,000,000.00 1,006,560.00 ---998,370.00 (2,495.42)2.125 2.874 A
240907004 LC-RCTC Toll Revenue: - I-15 172967HM6 Corporate Citigroup Inc.04/08/2019 07/25/2017 1,000,000.00 1,010,110.00 ---998,570.00 (3,069.50)2.550 3.067 BBB
240907004 LC-RCTC Toll Revenue: - I-15 31677QBB4 Corporate Fifth Third Bank 04/25/2019 06/29/2018 1,000,000.00 997,590.00 03/25/2019 997,940.00 (1,132.79)2.375 3.019 A
240907004 LC-RCTC Toll Revenue: - I-15 22546QAN7 Corporate Credit Suisse AG 05/28/2019 07/26/2017 1,000,000.00 1,009,340.00 ---997,040.00 (5,090.82)2.300 3.027 A
240907004 LC-RCTC Toll Revenue: - I-15 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 07/27/2017 1,000,000.00 1,007,670.00 ---996,250.00 (5,808.51)2.125 2.882 AA
240907004 LC-RCTC Toll Revenue: - I-15 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 07/25/2017 500,000.00 503,005.00 12/23/2019 495,020.00 (6,236.89)2.250 3.211 A
240907004 LC-RCTC Toll Revenue: - I-15 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 07/25/2017 500,000.00 503,990.00 02/01/2020 494,625.00 (7,138.72)2.200 3.140 A
2017 Financing STAMP Portfolio by Investment Category for quarter ended December 31, 2018
ATTACHMENT 8
30
Page 15 of 34
Source
Account Account Identifier
Security Type
Category Issuer
Final
Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
2017 Financing STAMP Portfolio by Investment Category for quarter ended December 31, 2018
240907004 LC-RCTC Toll Revenue: - I-15 718172BF5 Corporate Philip Morris International Inc.01/15/2019 07/26/2017 1,000,000.00 1,003,040.00 ---999,550.00 (531.43)1.875 3.007 A
240907004 LC-RCTC Toll Revenue: - I-15 61746BDM5 Corporate Morgan Stanley 01/24/2019 ---1,500,000.00 1,508,405.00 ---1,499,385.00 (934.05)2.500 3.109 A
240907004 LC-RCTC Toll Revenue: - I-15 90261XHE5 Corporate UBS AG 08/14/2019 07/25/2017 850,000.00 857,505.50 ---846,557.50 (5,781.24)2.375 3.037 AA
240907004 LC-RCTC Toll Revenue: - I-15 06416CAA6 Corporate The Bank of Nova Scotia 09/11/2019 10/04/2018 1,525,000.00 1,514,645.25 ---1,517,085.25 (148.73)2.125 2.883 AAA
240907004 LC-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc.11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 ---993,630.00 (10,526.34)2.375 3.124 A
240907004 LC-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 992,910.00 (10,317.34)2.450 3.233 A
240907004 LC-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 ---496,245.00 (6,455.40)2.650 3.368 A
240907004 LC-RCTC Toll Revenue: - I-15 69353REV6 Corporate PNC Bank, National Association 03/04/2019 07/26/2017 1,000,000.00 1,003,210.00 02/02/2019 998,260.00 (1,930.72)1.950 2.931 A
240907004 LC-RCTC Toll Revenue: - I-15 07330NAL9 Corporate Branch Banking and Trust Company 05/10/2019 07/27/2017 1,000,000.00 995,340.00 04/10/2019 994,200.00 (4,843.99)1.450 3.080 A
240907004 LC-RCTC Toll Revenue: - I-15 49327M2P8 Corporate KeyBank National Association 08/22/2019 07/24/2017 1,000,000.00 995,550.00 ---991,100.00 (7,482.41)1.600 3.009 A
240907004 LC-RCTC Toll Revenue: - I-15 46625HHL7 Corporate JPMorgan Chase & Co.04/23/2019 07/25/2017 1,000,000.00 1,075,520.00 ---1,009,780.00 (3,996.48)6.300 3.089 A
240907004 LC-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 07/26/2017 500,000.00 540,800.00 ---511,180.00 (7,951.77)5.375 3.461 A
240907004 LC-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc.02/18/2020 07/25/2017 500,000.00 503,600.00 ---495,460.00 (6,175.23)2.400 3.223 BBB
240907004 LC-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 ---989,310.00 (9,503.89)2.250 3.090 A
240907004 LC-RCTC Toll Revenue: - I-15 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 1,050,000.00 1,035,184.50 ---1,040,581.50 (646.75)1.400 2.665 AA
240907004 LC-RCTC Toll Revenue: - I-15 07274MN76 CP Bayerische Landesbank 01/07/2019 12/10/2018 1,500,000.00 1,497,013.33 ---1,499,445.00 85.00 0.000 2.233 AAA
240907004 LC-RCTC Toll Revenue: - I-15 93884FN99 CP Washington Gas Light Company 01/09/2019 12/04/2018 1,500,000.00 1,495,725.00 ---1,499,235.00 185.00 0.000 2.309 AAA
240907004 LC-RCTC Toll Revenue: - I-15 02360SN46 CP Ameren Corporation 01/04/2019 12/06/2018 1,500,000.00 1,496,640.84 ---1,499,775.00 122.50 0.000 1.808 AA
240907004 LC-RCTC Toll Revenue: - I-15 14912EN29 CP Caterpillar Financial Services Corporation 01/02/2019 12/13/2018 1,500,000.00 1,498,346.67 ---1,500,000.00 103.33 0.000 0.000 AA
240907004 LC-RCTC Toll Revenue: - I-15 69372BNQ9 CP PACCAR Financial Corp.01/24/2019 12/19/2018 1,500,000.00 1,496,265.00 ---1,497,585.00 (28.75)0.000 2.538 AAA
240907004 LC-RCTC Toll Revenue: - I-15 64587BN99 CP New Jersey Natural Gas Company 01/09/2019 12/19/2018 1,500,000.00 1,497,550.01 ---1,499,235.00 168.33 0.000 2.309 AAA
240907004 LC-RCTC Toll Revenue: - I-15 43357MNR7 CP Hitachi Capital America Corp.01/25/2019 12/26/2018 1,500,000.00 1,496,250.00 ---1,497,480.00 480.00 0.000 2.538 AA
240907004 LC-RCTC Toll Revenue: - I-15 63743DN98 CP National Rural Utilities Cooperative Finance Corporation 01/09/2019 12/13/2018 1,500,000.00 1,497,243.75 ---1,499,235.00 51.67 0.000 2.309 AAA
240907004 LC-RCTC Toll Revenue: - I-15 78355BN24 CP Ryder System, Inc.01/02/2019 12/11/2018 1,500,000.00 1,497,433.33 ---1,500,000.00 116.67 0.000 0.000 AA
240907004 LC-RCTC Toll Revenue: - I-15 97684HN80 CP Wisconsin Public Service Corporation 01/08/2019 12/11/2018 1,500,000.00 1,496,733.33 ---1,499,340.00 156.67 0.000 2.276 AAA
240907004 LC-RCTC Toll Revenue: - I-15 50000ENB6 CP Koch Industries, Inc.01/11/2019 12/13/2018 1,500,000.00 1,497,118.34 ---1,499,010.00 39.16 0.000 2.391 AAA
240907004 LC-RCTC Toll Revenue: - I-15 34108BNF8 CP Florida Power & Light Company 01/15/2019 12/12/2018 1,500,000.00 1,496,218.75 ---1,498,575.00 179.17 0.000 2.459 AAA
240907004 LC-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc.12/31/2018 ---0.00 2,384,289.16 ---2,384,289.16 0.00 2.170 2.010 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc.12/31/2018 ---0.00 32,428.32 ---32,428.32 0.00 2.170 2.010 AAA
240907004 LC-RCTC Toll Revenue: - I-15 70914PPD8 Muni Pennsylvania, Commonwealth of 07/15/2019 09/18/2018 305,000.00 308,080.50 ---307,000.80 (35.16)4.050 2.813 AA
240907004 LC-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority 10/01/2019 07/26/2017 700,000.00 724,094.00 ---702,296.00 (6,204.89)3.483 3.033 AA
240907004 LC-RCTC Toll Revenue: - I-15 355185PF0 Muni Franklin, City of 03/01/2019 04/18/2018 375,000.00 375,000.00 01/31/2019 374,902.50 (97.50)2.500 2.552 AA
240907004 LC-RCTC Toll Revenue: - I-15 64972HV66 Muni New York City Transitional Finance Authority 07/15/2019 10/17/2018 665,000.00 664,507.90 ---664,753.95 118.82 2.900 2.968 AA
240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---1,510,000.00 1,510,367.00 ---1,509,501.70 (811.77)2.680 2.737 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 82,164.00 81,093.39 ---79,358.10 (1,928.59)0.125 0.988 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---323,999.60 321,638.58 ---314,496.69 (7,696.27)0.125 1.107 AAA
240907004 LC-RCTC Toll Revenue: - I-15 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---4,650,000.00 4,651,924.41 ---4,647,582.00 (4,201.27)2.473 2.539 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---435,000.00 426,695.70 ---428,592.45 (1,356.75)1.125 2.627 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov Treasury, United States Department of 44227 43286 320000 316212.5 ---317539.2 624.3806 2.125 2.50552 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 550,000.00 549,984.67 ---549,169.50 (815.72)2.475 2.595 AAA
240907004 LC-RCTC Toll Revenue: - I-15 912828UF5 US Gov Treasury, United States Department of 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 ---3,645,499.00 (5,863.91)1.125 2.627 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov Treasury, United States Department of 07/31/2020 11/29/2018 400,000.00 400,142.18 ---399,792.00 (342.71)2.473 2.539 AAA
240907004 LC-RCTC Toll Revenue: - I-15 912828P53 US Gov Treasury, United States Department of 02/15/2019 07/16/2018 1,100,000.00 1,090,632.81 ---1,097,866.00 (158.37)0.750 2.300 AAA
240907004 LC-RCTC Toll Revenue: - I-15 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 ---5,291,997.00 (7,860.59)2.475 2.595 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---665,000.00 648,627.54 ---652,478.05 (286.19)1.125 2.572 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---775,000.00 766,685.54 ---769,854.00 1,619.37 2.125 2.534 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828P53 US Gov Treasury, United States Department of 02/15/2019 07/16/2018 240,000.00 237,956.25 ---239,534.40 (34.55)0.750 2.300 AAA
240907004 LC-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 01/16/2019 1,400,000.00 0.00 2.480 2.480 AA
81,849,305.02 84,337,745.39 84,019,576.43 (245,003.77)
31
Page 16 of 34
Source
Account Account Identifier
Security Type
Category Issuer Final Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
240907004 LC-RCTC Toll Revenue: - I-15 3135G0U68 Agency Federal National Mortgage Association, Inc.10/30/2019 10/25/2018 375,000.00 375,000.00 ---374,958.75 (41.25)2.530 2.518 AAA
240907004 LC-RCTC Toll Revenue: - I-15 31397Q4Q8 Agency CMO Federal National Mortgage Association, Inc.03/25/2035 01/10/2018 39,535.30 39,868.88 ---39,470.06 (66.96)4.000 2.843 AAA
240907004 LC-RCTC Toll Revenue: - I-15 3136AK2A0 Agency MBS Federal National Mortgage Association, Inc.09/25/2019 01/08/2018 205,263.84 204,951.38 ---203,964.52 (989.04)2.171 3.007 AAA
240907004 LC-RCTC Toll Revenue: - I-15 36225B5Y0 Agency MBS Government National Mortgage Association 06/15/2019 12/21/2017 1,062.45 1,074.41 ---1,061.83 (3.74)5.500 4.499 AAA
240907004 LC-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 585,130.55 581,336.35 ---580,853.25 (1,373.88)2.313 2.891 AAA
240907004 LC-RCTC Toll Revenue: - I-15 58769DAD2 Asset Backed Mercedes-Benz Auto Lease Trust 2017-A 03/16/2020 07/27/2017 965,000.00 965,942.38 ---962,105.00 (3,015.77)1.790 3.063 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 850,000.00 846,115.23 ---845,758.50 (2,992.23)1.910 3.073 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65478GAC4 Asset Backed Nissan Auto Receivables 2017-B Owner Trust 05/15/2020 06/29/2018 257,078.66 257,028.46 ---257,078.66 (131.53)2.555 2.638 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 ---597,144.00 (403.53)2.650 2.930 AAA
240907004 LC-RCTC Toll Revenue: - I-15 05522RCQ9 Asset Backed BA Credit Card Trust 01/15/2019 03/21/2018 1,100,000.00 1,102,406.25 ---1,100,077.00 (186.36)2.835 2.665 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65478AAD5 Asset Backed Nissan Auto Receivables 2015-C Owner Trust 05/15/2020 12/21/2017 208,278.88 207,587.33 ---207,616.55 (415.43)1.370 2.871 AAA
240907004 LC-RCTC Toll Revenue: - I-15 05522RCV8 Asset Backed BA Credit Card Trust 05/15/2019 06/29/2018 750,000.00 751,611.33 ---750,487.50 (623.71)2.845 2.742 AAA
240907004 LC-RCTC Toll Revenue: - I-15 161571HC1 Asset Backed Chase Issuance Trust 06/17/2019 ---763,000.00 758,373.05 ---757,262.24 (4,556.22)1.370 3.015 AAA
240907004 LC-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 ---500,245.00 (1,347.22)2.755 2.786 AAA
240907004 LC-RCTC Toll Revenue: - I-15 43814LAC3 Asset Backed Honda Auto Receivables 2015-4 Owner Trust 09/23/2019 07/24/2017 0.00 0.00 ---0.00 (0.00)1.230 1.945 AAA
240907004 LC-RCTC Toll Revenue: - I-15 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B 01/18/2022 04/13/2018 350,198.14 347,380.15 ---349,767.40 (53.20)1.610 3.055 AAA
240907004 LC-RCTC Toll Revenue: - I-15 05582XAD4 Asset Backed Bmw Vehicle Lease Trust 2016-2 09/20/2019 07/27/2017 278,023.75 277,448.16 ---277,609.50 (385.51)1.430 2.964 AAA
240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 Asset Backed Mercedes-Benz Auto Lease Trust 2016-B 08/15/2019 ---74,911.32 74,698.33 ---74,873.87 (31.85)1.350 2.474 AAA
240907004 LC-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 ---642,310.50 (937.06)1.930 3.007 AAA
240907004 LC-RCTC Toll Revenue: - I-15 02582JGN4 Asset Backed American Express Credit Account Master Trust 05/15/2019 01/16/2018 252,000.00 252,885.94 ---252,163.80 (394.75)2.825 2.722 AAA
240907004 LC-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 ---1,484,370.00 (14,467.13)1.875 2.848 AAA
240907004 LC-RCTC Toll Revenue: - I-15 064159HC3 Corporate The Bank of Nova Scotia 01/15/2019 01/23/2018 400,000.00 399,504.00 ---399,848.00 (132.54)1.950 2.902 AA
240907004 LC-RCTC Toll Revenue: - I-15 89114QBE7 Corporate The Toronto-Dominion Bank 01/22/2019 01/23/2018 370,000.00 369,463.50 ---369,781.70 (187.29)1.950 2.938 AA
240907004 LC-RCTC Toll Revenue: - I-15 24422ETJ8 Corporate John Deere Capital Corporation 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 ---1,109,441.25 (11,845.92)1.250 3.074 A
240907004 LC-RCTC Toll Revenue: - I-15 06367TPX2 Corporate Bank of Montreal 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 ---990,510.00 (11,603.46)2.100 3.124 AA
240907004 LC-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 ---990,240.00 (13,199.74)2.100 3.074 A
240907004 LC-RCTC Toll Revenue: - I-15 375558BQ5 Corporate Gilead Sciences, Inc.09/20/2019 ---1,495,000.00 1,496,206.00 ---1,493,445.20 (2,266.45)3.042 3.215 A
240907004 LC-RCTC Toll Revenue: - I-15 0258M0DK2 Corporate American Express Credit Corporation 03/18/2019 07/25/2017 1,000,000.00 1,006,560.00 ---998,370.00 (2,495.42)2.125 2.874 A
240907004 LC-RCTC Toll Revenue: - I-15 172967HM6 Corporate Citigroup Inc.04/08/2019 07/25/2017 1,000,000.00 1,010,110.00 ---998,570.00 (3,069.50)2.550 3.067 BBB
240907004 LC-RCTC Toll Revenue: - I-15 31677QBB4 Corporate Fifth Third Bank 04/25/2019 06/29/2018 1,000,000.00 997,590.00 03/25/2019 997,940.00 (1,132.79)2.375 3.019 A
240907004 LC-RCTC Toll Revenue: - I-15 22546QAN7 Corporate Credit Suisse AG 05/28/2019 07/26/2017 1,000,000.00 1,009,340.00 ---997,040.00 (5,090.82)2.300 3.027 A
240907004 LC-RCTC Toll Revenue: - I-15 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 07/27/2017 1,000,000.00 1,007,670.00 ---996,250.00 (5,808.51)2.125 2.882 AA
240907004 LC-RCTC Toll Revenue: - I-15 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 07/25/2017 500,000.00 503,005.00 12/23/2019 495,020.00 (6,236.89)2.250 3.211 A
240907004 LC-RCTC Toll Revenue: - I-15 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 07/25/2017 500,000.00 503,990.00 02/01/2020 494,625.00 (7,138.72)2.200 3.140 A
240907004 LC-RCTC Toll Revenue: - I-15 718172BF5 Corporate Philip Morris International Inc.01/15/2019 07/26/2017 1,000,000.00 1,003,040.00 ---999,550.00 (531.43)1.875 3.007 A
240907004 LC-RCTC Toll Revenue: - I-15 61746BDM5 Corporate Morgan Stanley 01/24/2019 ---1,500,000.00 1,508,405.00 ---1,499,385.00 (934.05)2.500 3.109 A
240907004 LC-RCTC Toll Revenue: - I-15 90261XHE5 Corporate UBS AG 08/14/2019 07/25/2017 850,000.00 857,505.50 ---846,557.50 (5,781.24)2.375 3.037 AA
240907004 LC-RCTC Toll Revenue: - I-15 06416CAA6 Corporate The Bank of Nova Scotia 09/11/2019 10/04/2018 1,525,000.00 1,514,645.25 ---1,517,085.25 (148.73)2.125 2.883 AAA
240907004 LC-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc.11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 ---993,630.00 (10,526.34)2.375 3.124 A
240907004 LC-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 992,910.00 (10,317.34)2.450 3.233 A
240907004 LC-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 ---496,245.00 (6,455.40)2.650 3.368 A
240907004 LC-RCTC Toll Revenue: - I-15 69353REV6 Corporate PNC Bank, National Association 03/04/2019 07/26/2017 1,000,000.00 1,003,210.00 02/02/2019 998,260.00 (1,930.72)1.950 2.931 A
240907004 LC-RCTC Toll Revenue: - I-15 07330NAL9 Corporate Branch Banking and Trust Company 05/10/2019 07/27/2017 1,000,000.00 995,340.00 04/10/2019 994,200.00 (4,843.99)1.450 3.080 A
240907004 LC-RCTC Toll Revenue: - I-15 49327M2P8 Corporate KeyBank National Association 08/22/2019 07/24/2017 1,000,000.00 995,550.00 ---991,100.00 (7,482.41)1.600 3.009 A
240907004 LC-RCTC Toll Revenue: - I-15 46625HHL7 Corporate JPMorgan Chase & Co.04/23/2019 07/25/2017 1,000,000.00 1,075,520.00 ---1,009,780.00 (3,996.48)6.300 3.089 A
240907004 LC-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 07/26/2017 500,000.00 540,800.00 ---511,180.00 (7,951.77)5.375 3.461 A
240907004 LC-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc.02/18/2020 07/25/2017 500,000.00 503,600.00 ---495,460.00 (6,175.23)2.400 3.223 BBB
240907004 LC-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 ---989,310.00 (9,503.89)2.250 3.090 A
240907004 LC-RCTC Toll Revenue: - I-15 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 1,050,000.00 1,035,184.50 ---1,040,581.50 (646.75)1.400 2.665 AA
240907004 LC-RCTC Toll Revenue: - I-15 07274MN76 CP Bayerische Landesbank 01/07/2019 12/10/2018 1,500,000.00 1,497,013.33 ---1,499,445.00 85.00 0.000 2.233 AAA
240907004 LC-RCTC Toll Revenue: - I-15 93884FN99 CP Washington Gas Light Company 01/09/2019 12/04/2018 1,500,000.00 1,495,725.00 ---1,499,235.00 185.00 0.000 2.309 AAA
240907004 LC-RCTC Toll Revenue: - I-15 02360SN46 CP Ameren Corporation 01/04/2019 12/06/2018 1,500,000.00 1,496,640.84 ---1,499,775.00 122.50 0.000 1.808 AA
240907004 LC-RCTC Toll Revenue: - I-15 14912EN29 CP Caterpillar Financial Services Corporation 01/02/2019 12/13/2018 1,500,000.00 1,498,346.67 ---1,500,000.00 103.33 0.000 0.000 AA
240907004 LC-RCTC Toll Revenue: - I-15 69372BNQ9 CP PACCAR Financial Corp.01/24/2019 12/19/2018 1,500,000.00 1,496,265.00 ---1,497,585.00 (28.75)0.000 2.538 AAA
240907004 LC-RCTC Toll Revenue: - I-15 64587BN99 CP New Jersey Natural Gas Company 01/09/2019 12/19/2018 1,500,000.00 1,497,550.01 ---1,499,235.00 168.33 0.000 2.309 AAA
240907004 LC-RCTC Toll Revenue: - I-15 43357MNR7 CP Hitachi Capital America Corp.01/25/2019 12/26/2018 1,500,000.00 1,496,250.00 ---1,497,480.00 480.00 0.000 2.538 AA
240907004 LC-RCTC Toll Revenue: - I-15 63743DN98 CP National Rural Utilities Cooperative Finance Corporation 01/09/2019 12/13/2018 1,500,000.00 1,497,243.75 ---1,499,235.00 51.67 0.000 2.309 AAA
240907004 LC-RCTC Toll Revenue: - I-15 78355BN24 CP Ryder System, Inc.01/02/2019 12/11/2018 1,500,000.00 1,497,433.33 ---1,500,000.00 116.67 0.000 0.000 AA
240907004 LC-RCTC Toll Revenue: - I-15 97684HN80 CP Wisconsin Public Service Corporation 01/08/2019 12/11/2018 1,500,000.00 1,496,733.33 ---1,499,340.00 156.67 0.000 2.276 AAA
240907004 LC-RCTC Toll Revenue: - I-15 50000ENB6 CP Koch Industries, Inc.01/11/2019 12/13/2018 1,500,000.00 1,497,118.34 ---1,499,010.00 39.16 0.000 2.391 AAA
240907004 LC-RCTC Toll Revenue: - I-15 34108BNF8 CP Florida Power & Light Company 01/15/2019 12/12/2018 1,500,000.00 1,496,218.75 ---1,498,575.00 179.17 0.000 2.459 AAA
240907004 LC-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc.12/31/2018 ---0.00 2,384,289.16 ---2,384,289.16 0.00 2.170 2.010 AAA
240907004 LC-RCTC Toll Revenue: - I-15 70914PPD8 Muni Pennsylvania, Commonwealth of 07/15/2019 09/18/2018 305,000.00 308,080.50 ---307,000.80 (35.16)4.050 2.813 AA
240907004 LC-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority 10/01/2019 07/26/2017 700,000.00 724,094.00 ---702,296.00 (6,204.89)3.483 3.033 AA
240907004 LC-RCTC Toll Revenue: - I-15 355185PF0 Muni Franklin, City of 03/01/2019 04/18/2018 375,000.00 375,000.00 01/31/2019 374,902.50 (97.50)2.500 2.552 AA
240907004 LC-RCTC Toll Revenue: - I-15 64972HV66 Muni New York City Transitional Finance Authority 07/15/2019 10/17/2018 665,000.00 664,507.90 ---664,753.95 118.82 2.900 2.968 AA
240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---1,510,000.00 1,510,367.00 ---1,509,501.70 (811.77)2.680 2.737 AAA
240907004 LC-RCTC Toll Revenue: - I-15 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---4,650,000.00 4,651,924.41 ---4,647,582.00 (4,201.27)2.473 2.539 AAA
240907004 LC-RCTC Toll Revenue: - I-15 912828UF5 US Gov Treasury, United States Department of 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 ---3,645,499.00 (5,863.91)1.125 2.627 AAA
240907004 LC-RCTC Toll Revenue: - I-15 912828P53 US Gov Treasury, United States Department of 02/15/2019 07/16/2018 1,100,000.00 1,090,632.81 ---1,097,866.00 (158.37)0.750 2.300 AAA
240907004 LC-RCTC Toll Revenue: - I-15 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 ---5,291,997.00 (7,860.59)2.475 2.595 AAA
240907004 LC-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 01/16/2019 1,400,000.00 0.00 2.480 2.480 AA
73,824,482.91 76,265,364.49 75,980,096.44 (203,306.08)
240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Council of Federal Home Loan Banks 05/28/2020 07/03/2018 350,000.00 350,150.50 ---350,504.00 386.83 2.625 2.519 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 150,000.00 150,075.00 02/23/2019 150,048.00 48.00 3.000 2.748 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AAMQ8 Agency Federal Home Loan Banks Office of Finance 01/18/2019 12/27/2018 225,000.00 224,841.60 ---224,885.25 13.48 1.250 2.318 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 09/26/2018 100,000.00 97,238.28 ---98,533.00 1,118.60 2.373 2.808 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2022 02/27/2018 32,918.83 32,178.16 ---32,267.70 (46.01)1.573 2.755 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 12/05/2017 507,895.52 552,529.81 ---524,828.76 (20,065.33)5.500 3.280 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 06/20/2038 09/28/2018 45,628.85 45,550.43 ---45,580.48 43.48 3.000 2.799 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 65,017.01 65,179.56 ---64,641.87 (471.05)2.500 2.878 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 03/20/2035 01/30/2018 98,620.22 99,529.37 ---98,561.05 (597.42)3.000 2.892 AAA
2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2018
ATTACHMENT 9
32
Page 17 of 34
Source
Account Account Identifier
Security Type
Category Issuer Final Maturity Trade Date Current Face Value Original Cost
Next Call
Date Base Market Value
Base Net Total
Unrealized
Gain/Loss Coupon Yield
Summarized
Credit Rating
2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2018
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 01/20/2036 01/30/2018 153,417.10 154,903.33 ---153,475.40 (955.90)3.000 2.835 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 Agency CMO Government National Mortgage Association 05/16/2037 10/30/2018 81,364.06 81,643.75 ---81,475.53 (98.48)4.000 3.270 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377WL77 Agency CMO Government National Mortgage Association 01/20/2039 08/28/2018 5,992.11 5,965.90 ---5,981.27 13.93 2.000 2.977 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 05/20/2043 10/18/2018 87,954.33 87,830.64 ---89,315.86 1,493.81 3.500 2.774 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 12/16/2041 11/23/2018 71,428.88 68,850.74 ---69,619.58 788.63 2.250 3.097 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2039 11/21/2018 41,338.39 40,304.94 ---40,447.13 145.02 2.500 3.451 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Federal Home Loan Mortgage Corporation 07/25/2021 11/29/2018 100,000.00 100,179.69 ---100,681.00 506.66 3.230 2.858 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 11/29/2018 98,893.31 99,668.24 ---99,049.56 (592.21)2.968 2.838 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 80,377.02 82,386.45 ---81,909.01 (212.10)4.000 3.013 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal National Mortgage Association, Inc.09/25/2029 09/28/2018 73,978.48 74,625.79 ---74,495.58 8.52 4.000 2.965 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 123,380.05 124,286.12 ---123,772.40 (162.11)5.500 3.293 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31397SE83 Agency CMO Federal National Mortgage Association, Inc.02/25/2039 01/30/2018 12,842.53 12,914.76 ---12,824.03 (10.56)4.000 2.864 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 04/20/2038 06/20/2018 83,429.40 83,993.20 ---83,617.12 (217.57)3.500 2.994 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QTC1 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 12/16/2025 09/28/2018 40,051.15 47,402.49 ---40,024.32 (2,937.77)3.500 2.836 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2029 01/31/2018 129,722.73 128,101.19 ---127,756.13 (556.90)2.000 2.807 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association, Inc.11/25/2025 01/31/2018 4,021.64 4,036.72 ---4,013.68 (11.88)3.500 3.377 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 18,466.50 18,524.20 ---18,483.49 1.60 5.305 3.703 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association, Inc.07/25/2022 09/26/2018 97,459.41 96,002.92 ---96,728.46 621.65 2.509 2.819 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 29,810.70 30,518.72 ---30,534.81 66.70 4.000 2.868 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381PTG3 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 11/08/2018 44,171.39 44,582.04 ---44,939.97 389.99 3.800 2.608 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 57,069.00 58,250.51 ---58,773.65 598.41 4.410 2.684 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Federal Home Loan Mortgage Corporation 08/01/2020 12/05/2017 519,935.55 531,646.58 ---529,710.34 (11,237.37)5.000 1.848 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 39,845.49 40,306.21 ---40,427.63 93.78 3.630 2.693 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 36,435.09 36,568.88 ---36,592.86 (80.74)3.270 2.918 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 45,942.54 46,624.51 ---47,084.21 500.51 3.840 2.595 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 02/27/2018 120,000.00 117,965.63 ---118,290.00 (12.35)2.522 2.923 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 75,243.46 74,208.86 ---73,944.76 (450.65)1.749 2.786 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 38,323.49 37,760.61 ---37,641.33 (211.49)1.785 2.748 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association, Inc.11/25/2022 02/27/2018 72,428.89 70,202.27 ---71,107.79 456.24 2.184 2.909 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 42,595.94 41,895.44 ---42,276.89 263.11 2.520 2.943 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 09/26/2018 101,825.27 100,950.22 ---101,311.06 327.41 2.778 2.966 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 14,321.22 14,634.50 ---14,690.85 80.43 4.000 2.745 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association, Inc.04/01/2023 01/31/2018 75,534.38 74,800.80 ---74,362.09 (486.13)2.000 2.831 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/30/2018 40,978.59 41,106.65 ---41,029.40 (33.43)2.768 2.936 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc.12/31/2018 ---0.00 32,428.32 ---32,428.32 0.00 2.170 2.010 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 82,164.00 81,093.39 ---79,358.10 (1,928.59)0.125 0.988 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---323,999.60 321,638.58 ---314,496.69 (7,696.27)0.125 1.107 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---435,000.00 426,695.70 ---428,592.45 (1,356.75)1.125 2.627 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov Treasury, United States Department of 44227 43286 320000 316212.5 ---317539.2 624.3806 2.125 2.50552 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 550,000.00 549,984.67 ---549,169.50 (815.72)2.475 2.595 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov Treasury, United States Department of 07/31/2020 11/29/2018 400,000.00 400,142.18 ---399,792.00 (342.71)2.473 2.539 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---665,000.00 648,627.54 ---652,478.05 (286.19)1.125 2.572 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---775,000.00 766,685.54 ---769,854.00 1,619.37 2.125 2.534 AAA
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828P53 US Gov Treasury, United States Department of 02/15/2019 07/16/2018 240,000.00 237,956.25 ---239,534.40 (34.55)0.750 2.300 AAA
8,024,822.11 8,072,380.90 8,039,479.99 (41,697.69)
Total 81,849,305.02 84,337,745.39 84,019,576.43 (245,003.77)125
33
Page 18 of 34
Source
Account Account Identifier Description
Beginning Base
Market Value Base Purchases Base Sales
Base Maturities and
Redemptions Base Paydowns
Net Total Realized
Gain/Loss
Base
Amortization/Ac
cretion
Base Change In Net
Unrealized
Gain/Loss
Ending Base Market
Value
Ending Accrued
Income Balance
240907004 LC-RCTC Toll Revenue: - I-15 46625HHL7 JPMORGAN CHASE & CO 1,019,800.00 - - - - - (11,277.83) 1,257.83 1,009,780.00 11,900.00
240907004 LC-RCTC Toll Revenue: - I-15 38141EA58 GOLDMAN SACHS GROUP INC 515,395.00 - - - - - (3,992.96) (222.04) 511,180.00 7,913.19
240907004 LC-RCTC Toll Revenue: - I-15 392274A89 GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FAC 702,968.00 - - - - - (2,857.73) 2,185.73 702,296.00 6,095.25
240907004 LC-RCTC Toll Revenue: - I-15 61746BDM5 MORGAN STANLEY 999,430.00 - - - - - (1,567.76) 1,727.76 999,590.00 10,902.78
240907004 LC-RCTC Toll Revenue: - I-15 172967HM6 CITIGROUP INC 998,960.00 - - - - - (1,553.22) 1,163.22 998,570.00 5,879.17
240907004 LC-RCTC Toll Revenue: - I-15 22546QAN7 CREDIT SUISSE AG (NEW YORK BRANCH)996,880.00 - - - - - (1,312.61) 1,472.61 997,040.00 2,108.33
240907004 LC-RCTC Toll Revenue: - I-15 40428HPN6 HSBC USA INC (NEW)993,380.00 - - - - - (1,200.56) 1,450.56 993,630.00 3,166.67
240907004 LC-RCTC Toll Revenue: - I-15 0258M0DK2 AMERICAN EXPRESS CREDIT CORP 997,820.00 - - - - - (1,047.61) 1,597.61 998,370.00 6,079.86
240907004 LC-RCTC Toll Revenue: - I-15 89114QAS7 TORONTO-DOMINION BANK 995,620.00 - - - - - (1,015.05) 1,645.05 996,250.00 10,565.97
240907004 LC-RCTC Toll Revenue: - I-15 17401QAB7 CITIZENS BANK NA 993,160.00 - - - - - (955.21) 705.21 992,910.00 1,837.50
240907004 LC-RCTC Toll Revenue: - I-15 05522RCQ9 BACCT 141 A 1,101,100.00 - - - - - (952.37) (70.63) 1,100,077.00 1,299.43
240907004 LC-RCTC Toll Revenue: - I-15 90261XHE5 UBS AG (STAMFORD BRANCH)846,515.00 - - - - - (936.43) 978.93 846,557.50 7,682.47
240907004 LC-RCTC Toll Revenue: - I-15 70914PPD8 PENNSYLVANIA (COMMONWEALTH OF)307,958.50 - - - - - (932.98) (24.72) 307,000.80 5,695.88
240907004 LC-RCTC Toll Revenue: - I-15 14912L6Y2 CATERPILLAR FINANCIAL SERVICES CORP 989,270.00 - - - - - (828.70) 1,798.70 990,240.00 9,975.00
240907004 LC-RCTC Toll Revenue: - I-15 61747YDW2 MORGAN STANLEY 496,795.00 - - - - - (621.22) 71.22 496,245.00 5,668.06
240907004 LC-RCTC Toll Revenue: - I-15 06367TPX2 BANK OF MONTREAL 990,450.00 - - - - - (555.97) 615.97 990,510.00 1,108.33
240907004 LC-RCTC Toll Revenue: - I-15 69353REV6 PNC BANK NA 997,260.00 - - - - - (548.33) 1,548.33 998,260.00 6,337.50
240907004 LC-RCTC Toll Revenue: - I-15 718172BF5 PHILIP MORRIS INTERNATIONAL INC 998,080.00 - - - - - (535.11) 2,005.11 999,550.00 8,645.83
240907004 LC-RCTC Toll Revenue: - I-15 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 494,400.00 - - - - - (409.73) 634.73 494,625.00 3,605.56
240907004 LC-RCTC Toll Revenue: - I-15 172967JJ1 CITIGROUP INC 495,260.00 - - - - - (356.64) 556.64 495,460.00 4,433.33
240907004 LC-RCTC Toll Revenue: - I-15 46625HKA7 JPMORGAN CHASE & CO 494,885.00 - - - - - (316.61) 451.61 495,020.00 4,937.50
240907004 LC-RCTC Toll Revenue: - I-15 375558BQ5 GILEAD SCIENCES INC 901,071.00 - - - - - (249.89) (1,757.11) 899,064.00 912.60
240907004 LC-RCTC Toll Revenue: - I-15 05522RCV8 BACCT 161 A 751,485.00 - - - - - (147.20) (850.30) 750,487.50 889.10
240907004 LC-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY - 4,201,757.02 - - - - (132.34) (3,808.68) 4,197,816.00 17,462.79
240907004 LC-RCTC Toll Revenue: - I-15 31397Q4Q8 FNR 10155B JA 141,775.52 - - - (102,121.23) (116.44) (113.23) 45.45 39,470.06 131.78
240907004 LC-RCTC Toll Revenue: - I-15 58769DAD2 MBALT 17A A3 961,043.50 - - - - - (100.31) 1,161.81 962,105.00 767.71
240907004 LC-RCTC Toll Revenue: - I-15 3137FBUW4 FHMS KP04 AG2 830,091.30 - - - (830,000.00) (1,439.17) (93.48) 1,441.35 - -
240907004 LC-RCTC Toll Revenue: - I-15 02582JGN4 AMXCA 141 A 252,488.88 - - - - - (85.00) (240.08) 252,163.80 296.64
240907004 LC-RCTC Toll Revenue: - I-15 86565BHK0 Sumitomo Mitsui Banking Corporation - 2,000,033.28 - (2,000,000.00) - - (33.28) - - -
240907004 LC-RCTC Toll Revenue: - I-15 3136AK2A0 FNA 14M10 AS2 219,889.51 - - - (16,126.70) 24.23 (29.87) 207.35 203,964.52 371.42
240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 500,090.00 - - - - - (24.28) (230.72) 499,835.00 1,429.17
240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 300,108.00 - - - - (12.88) (194.12) 299,901.00 857.50
240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 185,033.30 - - - - - (9.31) (85.04) 184,938.95 528.79
240907004 LC-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY - 450,167.39 - - - - (8.80) (392.59) 449,766.00 1,871.01
240907004 LC-RCTC Toll Revenue: - I-15 31398E2E3 FHMS K003 A4 52,661.37 - - - (52,629.26) (170.54) (8.37) 146.80 - -
240907004 LC-RCTC Toll Revenue: - I-15 36225B5Y0 GN 781763 9,216.42 - - - (8,154.44) (9.20) (3.92) 12.96 1,061.83 4.87
240907004 LC-RCTC Toll Revenue: - I-15 3137ANMN2 FHMS K707 A2 203,486.58 - - - (203,853.51) 199.36 (1.60) 169.17 - -
240907004 LC-RCTC Toll Revenue: - I-15 31846V203 FIRST AMER:GVT OBLG Y 718,035.82 83,350,381.22 (81,684,127.88) - - - - - 2,384,289.16 -
240907004 LC-RCTC Toll Revenue: - I-15 97689P2K3 WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP R 1,400,000.00 - (1,400,000.00) - - - - - - -
240907004 LC-RCTC Toll Revenue: - I-15 3137AL6V6 FHMS K706 A2 226,760.08 - - - (227,141.61) (0.07) - 381.60 - -
240907004 LC-RCTC Toll Revenue: - I-15 3137ANMN2 FHMS K707 A2 461,882.24 (461,919.83) - - - - - 37.59 - -
240907004 LC-RCTC Toll Revenue: - I-15 78011DAF1 ROYAL BANK OF CANADA 850,000.00 - - (850,000.00) - - - - - -
240907004 LC-RCTC Toll Revenue: - I-15 64986U4H7 NEW YORK ST HSG FIN AGY REV 1,400,000.00 - - - - - - - 1,400,000.00 2,531.89
240907004 LC-RCTC Toll Revenue: - I-15 43814LAC3 HAROT 154 A3 0.02 - - - (0.01) (0.00) - - 0.00 -
240907004 LC-RCTC Toll Revenue: - I-15 196479YN3 COLORADO HSG & FIN AUTH 750,000.00 - (750,000.00) - - - - - - -
240907004 LC-RCTC Toll Revenue: - I-15 90290XAD9 USAOT 151 A4 0.01 - - - (0.01) (0.00) - 0.00 - -
240907004 LC-RCTC Toll Revenue: - I-15 375558BQ5 GILEAD SCIENCES INC 595,708.05 - - - - - - (1,326.85) 594,381.20 603.33
240907004 LC-RCTC Toll Revenue: - I-15 47788CAA0 JDOT 2018 A1 472,167.46 - - - (472,280.81) 0.00 - 113.35 - -
240907004 LC-RCTC Toll Revenue: - I-15 355185PF0 FRANKLIN WIS 374,917.50 - - - - - - (15.00) 374,902.50 3,125.00
240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 525,094.50 - - - - - - (267.75) 524,826.75 1,500.63
240907004 LC-RCTC Toll Revenue: - I-15 64105SK15 Nestle Finance International Ltd.1,900,000.00 - - (1,900,000.00) - - - - - -
240907004 LC-RCTC Toll Revenue: - I-15 3135G0U68 FEDERAL NATIONAL MORTGAGE ASSOCIATION - 375,000.00 - - - - - (41.25) 374,958.75 1,507.40
240907004 LC-RCTC Toll Revenue: - I-15 90290XAD9 USAOT 151 A4 - 1,206,582.31 - - (1,207,336.88) 754.42 0.15 - - -
240907004 LC-RCTC Toll Revenue: - I-15 3137ANMN2 FHMS K707 A2 - 340,096.61 - - (340,682.16) 583.83 1.72 - - -
240907004 LC-RCTC Toll Revenue: - I-15 9128285H9 UNITED STATES TREASURY - 5,299,852.27 - - - - 5.32 (7,860.59) 5,291,997.00 22,054.63
240907004 LC-RCTC Toll Revenue: - I-15 65602VBU9 The Norinchukin Bank - 1,999,978.63 - (2,000,000.00) - - 21.37 - - -
240907004 LC-RCTC Toll Revenue: - I-15 161571HC1 CHAIT 162 A 12,875.98 - - - - - 39.16 (12.90) 12,902.24 7.92
240907004 LC-RCTC Toll Revenue: - I-15 50000EK29 Koch Industries, Inc.1,024,938.50 - - (1,025,000.00) - - 57.80 3.70 - -
240907004 LC-RCTC Toll Revenue: - I-15 89236WAD0 TAOT 15A A4 223,327.44 - - - (223,674.14) 178.26 65.48 102.96 - -
240907004 LC-RCTC Toll Revenue: - I-15 55379WKQ8 MUFG Bank, Ltd.1,999,900.00 - - (2,000,000.00) - - 74.83 25.17 - -
240907004 LC-RCTC Toll Revenue: - I-15 71112KK42 The Peoples Gas Light And Coke Company 424,919.25 - - (425,000.00) - - 82.17 (1.42) - -
240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 MBALT 16B A3 427,992.94 - - - (381,738.85) 22.52 84.41 611.28 46,972.31 28.20
240907004 LC-RCTC Toll Revenue: - I-15 05582XAD4 BMWLT 162 A3 578,270.96 - - - (301,859.27) 68.90 107.22 1,021.69 277,609.50 121.48
240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 MBALT 16B A3 254,227.81 - - - (226,752.87) 80.56 118.36 227.70 27,901.55 16.75
240907004 LC-RCTC Toll Revenue: - I-15 65478GAC4 NAROT 17B A2B 403,004.78 - - - (145,926.12) 4.64 127.18 (131.82) 257,078.66 273.70
240907004 LC-RCTC Toll Revenue: - I-15 64972HV66 NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID R - 664,507.90 - - - - 127.24 118.82 664,753.95 3,535.58
240907004 LC-RCTC Toll Revenue: - I-15 064159HC3 BANK OF NOVA SCOTIA 399,308.00 - - - - - 127.89 412.11 399,848.00 3,596.67
240907004 LC-RCTC Toll Revenue: - I-15 89114QBE7 TORONTO-DOMINION BANK 369,345.10 - - - - - 135.87 300.73 369,781.70 3,186.63
240907004 LC-RCTC Toll Revenue: - I-15 65478AAD5 NAROT 15C A3 342,904.28 - - - (135,829.79) 208.47 164.84 168.75 207,616.55 126.82
240907004 LC-RCTC Toll Revenue: - I-15 23337UL23 DTE Gas Company - 1,499,809.17 - (1,500,000.00) - - 190.83 - - -
240907004 LC-RCTC Toll Revenue: - I-15 71112KK42 The Peoples Gas Light And Coke Company 1,199,772.00 - - (1,200,000.00) - - 225.00 3.00 - -
240907004 LC-RCTC Toll Revenue: - I-15 06051GFN4 BANK OF AMERICA CORP 987,220.00 - - - - - 226.30 1,863.70 989,310.00 4,375.00
240907004 LC-RCTC Toll Revenue: - I-15 31381S5E8 FN 469845 438,134.06 - - - (438,823.00) 1.27 238.58 449.10 - -
240907004 LC-RCTC Toll Revenue: - I-15 780082AA1 ROYAL BANK OF CANADA 1,476,900.00 - - - - - 261.96 7,208.04 1,484,370.00 11,406.25
240907004 LC-RCTC Toll Revenue: - I-15 61746BDM5 MORGAN STANLEY 499,715.00 - - - - - 291.55 (211.55) 499,795.00 5,451.39
240907004 LC-RCTC Toll Revenue: - I-15 161571HJ6 CHAIT 171 A 501,490.00 - - - - - 314.42 (1,559.42) 500,245.00 573.99
240907004 LC-RCTC Toll Revenue: - I-15 65478DAD9 NAROT 18A A3 595,992.00 - - - - - 329.56 822.44 597,144.00 706.67
240907004 LC-RCTC Toll Revenue: - I-15 3137B2GW4 FHMS K713 A2 583,549.86 - - - (3,255.85) 17.83 455.55 85.86 580,853.25 1,127.84
240907004 LC-RCTC Toll Revenue: - I-15 49327M2P8 KEYBANK NA 989,260.00 - - - - - 548.72 1,291.28 991,100.00 5,733.33
240907004 LC-RCTC Toll Revenue: - I-15 161571HC1 CHAIT 162 A 742,845.00 - - - - - 602.49 912.51 744,360.00 456.67
240907004 LC-RCTC Toll Revenue: - I-15 07330NAL9 BRANCH BANKING AND TRUST CO 993,080.00 - - - - - 674.48 445.52 994,200.00 2,054.17
240907004 LC-RCTC Toll Revenue: - I-15 26055BK94 The Dow Chemical Company 1,349,325.00 - - (1,350,000.00) - - 681.00 (6.00) - -
240907004 LC-RCTC Toll Revenue: - I-15 14912EM46 Caterpillar Financial Services Corporation - 1,499,314.58 - (1,500,000.00) - - 685.42 - - -
240907004 LC-RCTC Toll Revenue: - I-15 65479AAD4 NALT 17A A3 845,010.50 - - - - - 722.46 25.54 845,758.50 721.56
240907004 LC-RCTC Toll Revenue: - I-15 31677QBB4 FIFTH THIRD BANK 998,260.00 - - - - - 748.80 (1,068.80) 997,940.00 4,354.17
240907004 LC-RCTC Toll Revenue: - I-15 43357MNR7 Hitachi Capital America Corp.- 1,496,250.00 - - - - 750.00 480.00 1,497,480.00 -
240907004 LC-RCTC Toll Revenue: - I-15 65477XAE4 NALT 16B A4 403,776.90 - - - (54,801.85) 72.37 894.34 (174.36) 349,767.40 250.59
240907004 LC-RCTC Toll Revenue: - I-15 64587BLG5 New Jersey Natural Gas Company - 1,499,088.75 - (1,500,000.00) - - 911.25 - - -
2017 Financing STAMP Portfolio Transaction Report by Account
Quarter ended December 31, 2018
ATTACHMENT 10
34
Page 19 of 34
Source
Account Account Identifier Description
Beginning Base
Market Value Base Purchases Base Sales
Base Maturities and
Redemptions Base Paydowns
Net Total Realized
Gain/Loss
Base
Amortization/Ac
cretion
Base Change In Net
Unrealized
Gain/Loss
Ending Base Market
Value
Ending Accrued
Income Balance
2017 Financing STAMP Portfolio Transaction Report by Account
Quarter ended December 31, 2018
240907004 LC-RCTC Toll Revenue: - I-15 64587BL59 New Jersey Natural Gas Company - 1,999,066.67 - (2,000,000.00) - - 933.33 - - -
240907004 LC-RCTC Toll Revenue: - I-15 67021KLD9 NSTAR Electric Company - 1,999,000.00 - (2,000,000.00) - - 1,000.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 07274MKK0 Bayerische Landesbank 998,870.00 - - (1,000,000.00) - - 1,150.00 (20.00) - -
240907004 LC-RCTC Toll Revenue: - I-15 92780KMA3 Virginia Electric and Power Company - 1,498,840.41 - (1,500,000.00) - - 1,159.59 - - -
240907004 LC-RCTC Toll Revenue: - I-15 23336KLE0 DTE Electric Company - 1,998,825.00 - (2,000,000.00) - - 1,175.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 24422ETJ8 JOHN DEERE CAPITAL CORP 1,106,887.50 - - - - - 1,211.84 1,341.91 1,109,441.25 3,203.13
240907004 LC-RCTC Toll Revenue: - I-15 07274MLU7 Bayerische Landesbank - 998,780.83 - (1,000,000.00) - - 1,219.17 - - -
240907004 LC-RCTC Toll Revenue: - I-15 69372BNQ9 PACCAR Financial Corp.- 1,496,265.00 - - - - 1,348.75 (28.75) 1,497,585.00 -
240907004 LC-RCTC Toll Revenue: - I-15 92780KMK1 Virginia Electric and Power Company - 1,323,586.67 - (1,325,000.00) - - 1,413.33 - - -
240907004 LC-RCTC Toll Revenue: - I-15 02587AAJ3 AMXCA 171 A 640,991.00 - - - - - 1,472.83 (153.33) 642,310.50 557.56
240907004 LC-RCTC Toll Revenue: - I-15 64587BN99 New Jersey Natural Gas Company - 1,497,550.01 - - - - 1,516.66 168.33 1,499,235.00 -
240907004 LC-RCTC Toll Revenue: - I-15 78355BMB5 Ryder System, Inc.- 1,498,462.50 - (1,500,000.00) - - 1,537.50 - - -
240907004 LC-RCTC Toll Revenue: - I-15 14912EN29 Caterpillar Financial Services Corporation 0.00 1,498,346.67 0.00 0.00 0.00 0.00 1,550.00 103.33 1,500,000.00 0.00
240907004 LC-RCTC Toll Revenue: - I-15 30215HKK5 Export Development Canada - 1,498,448.75 - (1,500,000.00) - - 1,551.25 - - -
240907004 LC-RCTC Toll Revenue: - I-15 93884FM41 Washington Gas Light Company - 1,498,437.50 - (1,500,000.00) - - 1,562.50 - - -
240907004 LC-RCTC Toll Revenue: - I-15 43357MME7 Hitachi Capital America Corp.- 1,498,437.50 - (1,500,000.00) - - 1,562.50 - - -
240907004 LC-RCTC Toll Revenue: - I-15 93884FL67 Washington Gas Light Company - 998,312.50 - (1,000,000.00) - - 1,687.50 - - -
240907004 LC-RCTC Toll Revenue: - I-15 26055BMH4 The Dow Chemical Company - 1,498,158.33 - (1,500,000.00) - - 1,841.67 - - -
240907004 LC-RCTC Toll Revenue: - I-15 50000ENB6 Koch Industries, Inc.- 1,497,118.34 - - - - 1,852.50 39.16 1,499,010.00 -
240907004 LC-RCTC Toll Revenue: - I-15 63743DKH3 National Rural Utilities Cooperative Finance Corpo 1,997,980.00 - - (2,000,000.00) - - 1,911.10 108.90 - -
240907004 LC-RCTC Toll Revenue: - I-15 63743DN98 National Rural Utilities Cooperative Finance Corpo - 1,497,243.75 - - - - 1,939.58 51.67 1,499,235.00 -
240907004 LC-RCTC Toll Revenue: - I-15 78355BKH4 Ryder System, Inc.1,997,980.00 - - (2,000,000.00) - - 2,000.00 20.00 - -
240907004 LC-RCTC Toll Revenue: - I-15 78355BLK6 Ryder System, Inc.- 997,898.89 - (1,000,000.00) - - 2,101.11 - - -
240907004 LC-RCTC Toll Revenue: - I-15 78355BKV3 Ryder System, Inc.- 1,147,853.33 - (1,150,000.00) - - 2,146.67 - - -
240907004 LC-RCTC Toll Revenue: - I-15 34108BNF8 Florida Power & Light Company - 1,496,218.75 - - - - 2,177.08 179.17 1,498,575.00 -
240907004 LC-RCTC Toll Revenue: - I-15 64587BM58 New Jersey Natural Gas Company - 1,497,812.51 - (1,500,000.00) - - 2,187.49 - - -
240907004 LC-RCTC Toll Revenue: - I-15 26055BLE2 The Dow Chemical Company - 947,801.80 - (950,000.00) - - 2,198.20 - - -
240907004 LC-RCTC Toll Revenue: - I-15 23337UMK2 DTE Gas Company - 1,497,795.00 - (1,500,000.00) - - 2,205.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 43357MKJ8 Hitachi Capital America Corp.1,997,860.00 - - (2,000,000.00) - - 2,219.44 (79.44) - -
240907004 LC-RCTC Toll Revenue: - I-15 4497W1MC7 ING (U.S.) Funding LLC - 1,247,663.89 - (1,250,000.00) - - 2,336.11 - - -
240907004 LC-RCTC Toll Revenue: - I-15 07274MN76 Bayerische Landesbank - 1,497,013.33 - - - - 2,346.67 85.00 1,499,445.00 -
240907004 LC-RCTC Toll Revenue: - I-15 50000EKP8 Koch Industries, Inc.- 1,997,555.56 - (2,000,000.00) - - 2,444.44 - - -
240907004 LC-RCTC Toll Revenue: - I-15 97684HN80 Wisconsin Public Service Corporation - 1,496,733.33 - - - - 2,450.00 156.67 1,499,340.00 -
240907004 LC-RCTC Toll Revenue: - I-15 78355BN24 Ryder System, Inc.- 1,497,433.33 - - - - 2,450.00 116.67 1,500,000.00 -
240907004 LC-RCTC Toll Revenue: - I-15 14912EKV8 Caterpillar Financial Services Corporation - 1,497,491.25 - (1,500,000.00) - - 2,508.75 - - -
240907004 LC-RCTC Toll Revenue: - I-15 92780KL71 Virginia Electric and Power Company - 997,481.94 - (1,000,000.00) - - 2,518.06 - - -
240907004 LC-RCTC Toll Revenue: - I-15 74456DMA0 Public Service Electric and Gas Company - 1,497,470.00 - (1,500,000.00) - - 2,530.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 26055BLW2 The Dow Chemical Company - 997,461.39 - (1,000,000.00) - - 2,538.61 - - -
240907004 LC-RCTC Toll Revenue: - I-15 06416CAA6 BANK OF NOVA SCOTIA - 1,514,645.25 - - - - 2,588.73 (148.73) 1,517,085.25 9,901.91
240907004 LC-RCTC Toll Revenue: - I-15 62479ML76 MUFG Bank, Ltd.- 1,997,375.00 - (2,000,000.00) - - 2,625.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 07274ML94 Bayerische Landesbank - 1,997,340.00 - (2,000,000.00) - - 2,660.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 50000ELS1 Koch Industries, Inc.- 1,997,340.00 - (2,000,000.00) - - 2,660.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 02360SM54 Ameren Corporation - 1,497,232.50 - (1,500,000.00) - - 2,767.50 - - -
240907004 LC-RCTC Toll Revenue: - I-15 63873KM53 Natixis - 1,497,196.67 - (1,500,000.00) - - 2,803.33 - - -
240907004 LC-RCTC Toll Revenue: - I-15 97684HLT6 Wisconsin Public Service Corporation - 1,522,177.06 - (1,525,000.00) - - 2,822.94 - - -
240907004 LC-RCTC Toll Revenue: - I-15 66522ULU5 Northern Illinois Gas Company - 1,497,141.66 - (1,500,000.00) - - 2,858.34 - - -
240907004 LC-RCTC Toll Revenue: - I-15 89233HMD3 Toyota Motor Credit Corporation - 1,497,125.00 - (1,500,000.00) - - 2,875.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 71112KKW0 The Peoples Gas Light And Coke Company - 1,697,114.73 - (1,700,000.00) - - 2,885.27 - - -
240907004 LC-RCTC Toll Revenue: - I-15 02360SN46 Ameren Corporation - 1,496,640.84 - - - - 3,011.66 122.50 1,499,775.00 -
240907004 LC-RCTC Toll Revenue: - I-15 17275RBG6 CISCO SYSTEMS INC 1,036,287.00 - - - - - 3,087.92 1,206.58 1,040,581.50 4,124.17
240907004 LC-RCTC Toll Revenue: - I-15 69350BML7 PPG Industries, Inc.- 1,496,812.50 - (1,500,000.00) - - 3,187.50 - - -
240907004 LC-RCTC Toll Revenue: - I-15 87019SKV5 Swedbank AB 1,996,460.00 - - (2,000,000.00) - - 3,297.77 242.23 - -
240907004 LC-RCTC Toll Revenue: - I-15 93884FN99 Washington Gas Light Company - 1,495,725.00 - - - - 3,325.00 185.00 1,499,235.00 -
240907004 LC-RCTC Toll Revenue: - I-15 02360SL55 Ameren Corporation - 1,521,651.77 - (1,525,000.00) - - 3,348.23 - - -
240907004 LC-RCTC Toll Revenue: - I-15 21687BLD1 Cooperatieve Rabobank U.A.- 1,996,580.00 - (2,000,000.00) - - 3,420.00 - - -
240907004 LC-RCTC Toll Revenue: - I-15 69372BLF5 PACCAR Financial Corp.- 1,996,546.66 - (2,000,000.00) - - 3,453.34 - - -
240907004 LC-RCTC Toll Revenue: - I-15 92780KKX5 Virginia Electric and Power Company 1,996,220.00 - - (2,000,000.00) - - 4,050.00 (270.00) - -
240907004 LC-RCTC Toll Revenue: - I-15 43357MLV0 Hitachi Capital America Corp.- 1,995,716.66 - (2,000,000.00) - - 4,283.34 - - -
240907004 LC-RCTC Toll Revenue: - I-15 912828P53 UNITED STATES TREASURY 2,425,408.80 - (1,336,964.06) - - (361.85) 8,691.98 1,091.14 1,097,866.00 3,116.17
240907004 LC-RCTC Toll Revenue: - I-15 912828UF5 UNITED STATES TREASURY 3,628,183.00 - - - - - 11,974.09 5,341.91 3,645,499.00 114.99
70,996,757.21 180,541,933.33 (85,171,091.94)(85,175,000.00)(5,372,988.36)119.40 128,896.50 31,470.30 75,980,096.44 251,807.11
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QTC1 GNR 1125C AB 88,649.70 2.66 - - (34,831.12) (4,480.53) (6,353.06) (2,963.34) 40,024.32 116.82
240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 FH G11753 640,177.79 - - - (108,830.15) (4,961.17) (4,247.16) 7,571.03 529,710.34 2,166.40
240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 FNR 0323B EQ 581,390.36 - - - (49,231.94) (3,719.73) (2,176.39) (1,433.55) 524,828.76 2,327.85
240907020 RCTC I-15 Prj RAMP UP RESERVE 38375KCX8 GNR 0726C MA 198,087.70 - - - (73,342.40) (499.55) (467.10) (6.26) 123,772.40 565.49
240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 FNR 1115F VB 75,581.25 - - - (1,021.52) (7.57) (140.10) 83.52 74,495.58 246.59
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 GNR 11157E QA 171,968.82 - - - (19,079.56) (136.18) (128.13) 850.44 153,475.40 383.54
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 GNR 11169G AK 115,205.50 - - - (16,717.93) (102.22) (103.12) 278.81 98,561.05 246.55
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 GNR 1216E GB 97,358.82 - - - (13,690.51) (76.95) (95.39) 121.15 83,617.12 243.34
240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 GNR 0832B PA 88,032.15 - - - (6,261.12) (140.49) (89.29) 367.76 81,909.01 267.92
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 FN 467260 - 58,360.80 - - (108.05) (2.20) (75.30) 598.41 58,773.65 209.73
240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 GNR 09116C NH - 91,989.47 - - (10,310.29) (31.70) (73.47) (98.48) 81,475.53 271.21
240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GSTK1 FEDERAL HOME LOAN MORTGAGE CORP 150,001.50 - - - - - (45.69) 92.19 150,048.00 1,600.00
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 FN 468431 - 46,705.09 - - (79.40) (1.15) (40.84) 500.51 47,084.21 151.92
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381PTG3 FN 466851 - 44,661.98 - - (79.20) (0.72) (32.08) 389.99 44,939.97 139.88
240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 GN 737261 32,314.50 - - - (1,875.14) (42.59) (28.71) 166.76 30,534.81 99.37
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 FHMS K016 A2 - 99,668.24 - - - - (26.47) (592.21) 99,049.56 244.56
240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 GNR 13116D MA - 70,249.63 - - (1,451.27) 53.12 (20.53) 788.63 69,619.58 133.93
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 FHR 3791E DA 69,987.41 - - - (5,533.38) (9.39) (19.92) 217.15 64,641.87 135.45
240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 FEDERAL HOME LOAN BANKS 349,013.00 - - - - - (17.89) 1,508.89 350,504.00 842.19
240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 GNR 0668 D 31,345.90 - - - (12,743.33) (14.23) (16.33) (88.53) 18,483.49 81.64
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 GNR 1073E LN - 63,358.24 - - (17,838.48) 30.31 (13.06) 43.48 45,580.48 114.07
240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN 10R1 1A 44,975.20 - - - (3,855.78) (10.93) (12.50) (66.59) 41,029.40 85.07
240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 GN 723460 15,697.69 - - - (1,062.95) (22.04) (11.86) 90.00 14,690.85 47.74
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ANMN2 FHMS K707 A2 1,162,780.46 - - - (1,164,877.23) 1,069.05 (10.21) 1,037.94 - -
240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 GNR 14184H WK - 92,402.02 - - (4,577.82) 6.41 (8.56) 1,493.81 89,315.86 256.53
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY - 400,142.18 - - - - (7.47) (342.71) 399,792.00 1,663.12
35
Page 20 of 34
Source
Account Account Identifier Description
Beginning Base
Market Value Base Purchases Base Sales
Base Maturities and
Redemptions Base Paydowns
Net Total Realized
Gain/Loss
Base
Amortization/Ac
cretion
Base Change In Net
Unrealized
Gain/Loss
Ending Base Market
Value
Ending Accrued
Income Balance
2017 Financing STAMP Portfolio Transaction Report by Account
Quarter ended December 31, 2018
240907020 RCTC I-15 Prj RAMP UP RESERVE 31397SE83 FNR 1136C PA 17,475.31 - - - (4,637.16) 0.90 (6.06) (8.96) 12,824.03 42.81
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 FHMS K015 A2 - 100,179.69 - - - - (5.35) 506.66 100,681.00 269.17
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 GNR 10111F PE - 41,146.94 - - (863.59) 21.96 (3.19) 145.02 40,447.13 86.12
240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 FIRST AMER:GVT OBLG Y 227,097.56 2,647,493.32 (2,842,162.56) - - - - - 32,428.32 -
240907020 RCTC I-15 Prj RAMP UP RESERVE CCYUSD Payable (431,039.52) - - - - - - - - -
240907020 RCTC I-15 Prj RAMP UP RESERVE CCYUSD Receivable 301,125.00 - - - - - - - - -
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 GNR 1073E LN 72,537.16 (72,433.49) - - - - - (103.67) - -
240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 FN MA1415 1,272.41 - - - (119.72) 1.27 0.45 7.49 1,161.91 1.97
240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 UNITED STATES TREASURY - 549,984.67 - - - - 0.55 (815.72) 549,169.50 2,288.69
240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 FNR 10123B DL 13,130.92 - - - (9,131.91) (7.57) 1.07 21.17 4,013.68 11.73
240907020 RCTC I-15 Prj RAMP UP RESERVE 38377WL77 GNR 1194A AB 20,292.35 - - - (14,349.06) 61.87 14.13 (38.03) 5,981.27 9.99
240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 FN MA1415 80,162.05 - - - (7,542.46) 69.53 23.33 487.74 73,200.18 123.92
240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 FN FN0004 51,339.66 - - - (11,007.52) (120.44) 23.68 192.24 40,427.63 124.55
240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AAMQ8 FEDERAL HOME LOAN BANKS - 224,841.60 - - - - 30.17 13.48 224,885.25 1,273.44
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 FHMS K027 A1 39,883.23 - - - (2,540.05) 32.52 30.72 234.92 37,641.33 57.01
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 FNA 13M6 2A 45,780.82 - - - (4,435.44) 62.88 36.64 832.00 42,276.89 89.45
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 FHMS K020 A1 34,428.55 - - - (2,401.20) 46.11 42.59 151.65 32,267.70 43.15
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 FHMS K031 A1 107,839.80 - - - (6,727.72) 57.53 44.58 96.87 101,311.06 235.73
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 FHMS K024 A1 79,038.26 - - - (5,605.82) 66.22 62.79 383.31 73,944.76 109.67
240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 FN 466295 90,494.88 - - - (54,108.68) (186.66) 81.01 312.30 36,592.86 102.60
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 FNA 12M17 A2 72,251.25 - - - (2,571.11) 64.30 97.08 1,266.26 71,107.79 131.82
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 FHMS KS01 A2 116,794.80 - - - - - 102.32 1,392.88 118,290.00 252.20
240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 FNA 15M4B AV2 97,038.40 - - - (1,054.23) 15.25 104.41 624.63 96,728.46 203.77
240907020 RCTC I-15 Prj RAMP UP RESERVE 313385N51 FEDERAL HOME LOAN BANKS - 299,874.58 - (300,000.00) - - 125.42 - - -
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 FHR 4305A CT 138,777.24 - - - (12,129.88) 143.93 146.88 817.96 127,756.13 216.20
240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 FHMS K020 A2 97,478.00 - - - - - 176.12 878.88 98,533.00 197.75
240907020 RCTC I-15 Prj RAMP UP RESERVE 912796PE3 UNITED STATES TREASURY - 524,816.25 - (525,000.00) - - 183.75 - - -
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 76,009.62 - - - - - 312.95 (409.58) 75,912.99 45.16
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 76,009.62 - - - - - 318.96 (415.59) 75,912.99 45.16
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 UNITED STATES TREASURY 79,268.23 - - - - - 335.09 (245.22) 79,358.10 47.45
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 UNITED STATES TREASURY 314,726.40 - - - - - 359.16 2,453.64 317,539.20 2,845.65
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 186,312.10 - - - - - 451.79 437.41 187,201.30 5.90
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 468,820.25 - - - - - 498.81 2,526.94 471,846.00 3,429.64
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 296,097.00 - - - - - 513.90 1,397.10 298,008.00 2,166.09
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 160,797.45 - - - - - 604.47 491.13 161,893.05 317.92
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 162,877.76 - - - - - 623.69 (830.74) 162,670.70 96.77
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 240,244.55 - - - - - 792.88 353.72 241,391.15 7.61
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828P53 UNITED STATES TREASURY 238,564.80 - - - - - 881.25 88.35 239,534.40 679.89
240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 487,265.00 - - - - - 1,684.62 1,635.38 490,585.00 963.40
7,972,758.66 5,283,443.87 (2,842,162.56) (825,000.00) (1,686,624.12) (12,770.85) (5,569.96) 25,490.43 8,039,479.99 29,163.29
78,969,515.87 185,825,377.20 (88,013,254.50) (86,000,000.00) (7,059,612.48) (12,651.45) 123,326.54 56,960.73 84,019,576.43 280,970.40
36
*Negative cash reflects securities in transit at month end
2017 Financing STAMP Portfolio Summary of Investments for quarter ended December 31, 2018
Credit Rating Industry Group
Asset Class Security Type Market Sector
ATTACHMENT 11
37
*Negative cash reflects securities in transit at month end
2017 Financing STAMP Portfolio
Sales Tax Revenue Fund Summary of Investments for quarter ended December 31, 2018
Credit Rating Industry Group
Asset Class Security Type Market Sector
ATTACHMENT 12
38
*Negative cash reflects securities in transit at month end
2017 Financing STAMP Portfolio
Ramp Up Fund Summary of Investments for quarter ended December 31, 2018
Credit Rating Industry Group
Asset Class Security Type Market Sector
ATTACHMENT 13
39
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
CUSIP Security Type Category Issuer Final Maturity Trade Date
Next Call
Date Original Cost
Base Market
Value
Unrealized
Gain/Loss
Accrued
Income Coupon Yield
Credit
Rating
3130AF4M6 Agencies F H L B DEB 3.360% 10/18/22 10/18/2022 10/18/2018 04/18/2019 254,617.50 255,300.90 683.40 1,737.40 3.360 3.357 AA+
3130AF5B9 Agencies F H L B DEB 3.000% 10/12/21 10/12/2021 10/12/2018 619,597.00 627,911.20 8,314.20 4,081.67 3.000 2.972 AA+
3133EHRD7 Agencies F F C B DEB 2.39438% 7/13/22 07/13/2022 07/13/2017 310,000.00 310,114.70 114.70 391.75 2.510 2.393 AA+
3133EHTJ2 Agencies F F C B DEB 2.41925% 8/01/22 08/01/2022 08/01/2017 230,000.00 229,924.10 (75.90) 479.15 2.420 2.420 AA+
3133EHXH1 Agencies F F C B 2.4595% 9/06/22 09/06/2022 09/06/2017 260,000.00 259,685.40 (314.60) 450.27 2.460 2.462 AA+
3133EJZD4 Agencies F F C B DEB 2.960% 9/13/21 09/13/2021 09/13/2018 258,921.00 260,007.80 1,086.80 2,308.80 2.960 2.960 AA+
3134GBTL6 Agencies F H L M C M T N 2.100% 6/29/22 06/29/2022 06/29/2017 03/29/2019 484,720.00 490,325.00 5,605.00 58.33 2.100 2.147 AA+
3134GSWC5 Agencies F H L M C M T N 2.900% 8/27/21 08/27/2021 08/27/2018 02/27/2019 510,000.00 510,000.00 - 5,094.33 2.900 2.907 AA+
3136G4SW4 Agencies F N M A M T N 2.900% 6/28/21 06/28/2021 06/28/2018 3/28/2019 259,870.00 260,182.00 312.00 62.83 2.900 2.899 AA+
3137EAEL9 Agencies F H L M C M T N 2.375% 2/16/21 02/16/2021 02/16/2018 508,653.60 508,230.30 (423.30) 4,542.19 2.380 2.388 AA+
76116FAE7 Agencies RESOLUTION FD CORP STRIP 10/15/20 10/15/2020 10/15/1990 483,083.43 486,698.10 3,614.67 - 0.000 0.000 N/A
05582QAD9 Asset-Backed BMW VEHICLE OWNER 1.160% 11/25/20 11/25/2020 07/20/2016 206,243.71 204,904.05 (1,339.66) 39.87 1.160 1.167 N/A
05584PAD9 Asset-Backed BMW VEHICLE LEASE 2.070% 10/20/20 10/20/2020 10/25/2017 99,999.92 99,257.00 (742.92) 63.25 2.070 2.085 N/A
161571HC1 Asset-Backed CHASE ISSUANCE TRUST 1.370% 6/15/21 06/15/2021 06/17/2016 750,007.12 744,360.00 (5,647.12) 456.67 1.370 1.379 AAA
17305EGB5 Asset-Backed CITIBANK CREDIT 1.920% 4/07/22 04/07/2022 04/11/2017 229,933.74 227,067.50 (2,866.24) 1,030.40 1.920 1.945 AAA
43814PAC4 Asset-Backed HONDA AUTO 1.790% 9/20/21 09/20/2021 09/29/2017 149,983.76 148,162.50 (1,821.26) 96.96 1.790 1.812 AAA
47787XAC1 Asset-Backed JOHN DEERE OWNER 1.780% 4/15/21 04/15/2021 03/02/2017 272,978.36 271,065.16 (1,913.20) 215.99 1.780 1.792 N/A
58769DAD2 Asset-Backed MERCEDES BENZ AUTO 1.790% 4/15/20 04/15/2020 04/26/2017 369,991.56 368,890.00 (1,101.56) 294.36 1.790 1.795 AAA
65478BAD3 Asset-Backed NISSAN AUTO LEASE 3.250% 9/15/21 09/15/2021 10/24/2018 199,982.52 200,238.00 255.48 288.89 3.250 3.248 AAA
65478NAD7 Asset-Backed NISSAN AUTO 3.220% 6/15/23 06/15/2023 12/12/2018 449,913.78 453,240.00 3,326.22 764.75 3.220 3.201 AAA
65479BAD2 Asset-Backed NISSAN AUTO LEASE 2.050% 9/15/20 09/15/2020 10/10/2017 219,961.57 218,383.00 (1,578.57) 200.44 2.050 2.066 N/A
89190BAD0 Asset-Backed TOYOTA AUTO 1.760% 7/15/21 07/15/2021 05/17/2017 519,960.12 515,200.40 (4,759.72) 406.76 1.760 1.776 AAA
89238MAD0 Asset-Backed TOYOTA AUTO 1.730% 2/16/21 02/16/2021 03/15/2017 337,991.60 335,621.23 (2,370.37) 259.91 1.730 1.742 AAA
90290AAC1 Asset-Backed USAA AUTO OWNER 1.700% 5/17/21 05/17/2021 09/20/2017 139,985.24 138,964.00 (1,021.24) 105.78 1.700 1.712 AAA
31846V203 Cash FIRST AM GOVT OB FD CL Y 56,390.19 56,390.19 - 542.75 0.000 1.990
037833BS8 Credit APPLE INC 2.250% 2/23/21 02/23/2021 02/23/2016 01/23/2021 495,675.00 494,140.00 (1,535.00) 4,000.00 2.250 2.281 AA+
037833CS7 Credit APPLE INC 1.800% 5/11/20 05/11/2020 05/11/2017 484,505.30 478,889.00 (5,616.30) 1,212.50 1.800 1.824 AA+
053015AD5 Credit AUTOMATIC DATA 2.250% 9/15/20 09/15/2020 09/15/2015 08/15/2020 453,387.83 447,534.00 (5,853.83) 2,981.25 2.250 2.272 AA
06050TMH2 Credit BANK OF AMERICA NA 25.6138% 8/28/20 08/28/2020 08/28/2018 08/28/2019 410,000.00 408,524.00 (1,476.00) - 2.960 25.708 A+
06406FAA1 Credit BANK OF NY MTN 2.500% 4/15/21 04/15/2021 02/19/2016 03/15/2021 756,466.21 740,767.50 (15,698.71) 3,958.33 2.500 2.536 A
06406HBM0 Credit BANK NY MELLON MTN 5.450% 5/15/19 05/15/2019 05/12/2009 245,229.45 244,219.14 (1,010.31) 1,685.26 5.450 5.403 A
084664CK5 Credit BERKSHIRE HATHAWAY 1.300% 8/15/19 08/15/2019 08/15/2016 159,844.80 158,320.00 (1,524.80) 785.78 1.300 1.312 AA
084670BQ0 Credit BERKSHIRE HATHAWAY 2.200% 3/15/21 03/15/2021 03/15/2016 02/15/2021 466,436.01 464,820.48 (1,615.53) 3,051.03 2.200 2.236 AA
166764AN0 Credit CHEVRON CORP 2.193% 11/15/19 11/15/2019 11/18/2014 501,681.22 497,565.00 (4,116.22) 1,401.08 2.190 2.204 AA
166764AU4 Credit CHEVRON CORP 2.81992% 3/03/22 03/03/2022 03/03/2015 503,984.42 501,300.00 (2,684.42) 1,135.80 3.270 2.825 AA
17275RAE2 Credit CISCO SYSTEMS INC 4.950% 2/15/19 02/15/2019 02/17/2009 361,445.54 360,763.20 (682.34) 6,732.00 4.950 4.940 AA-
17275RAX0 Credit CISCO SYSTEMS INC 2.450% 6/15/20 06/15/2020 06/17/2015 599,952.00 596,814.00 (3,138.00) 653.33 2.450 2.467 AA-
17275RBG6 Credit CISCO SYSTEMS INC 1.400% 9/20/19 09/20/2019 09/20/2016 39,955.60 39,641.20 (314.40) 157.11 1.400 1.414 AA-
30231GAV4 Credit EXXON MOBIL 2.222% 3/01/21 03/01/2021 03/03/2016 02/01/2021 495,685.00 492,800.00 (2,885.00) 3,703.33 2.220 2.257 AA+
478160CH5 Credit JOHNSON JOHNSON 1.950% 11/10/20 11/10/2020 11/10/2017 249,732.50 246,337.50 (3,395.00) 690.63 1.950 1.979 AAA
48125LRJ3 Credit JP MORGAN MTN 2.92506% 9/23/19 09/23/2019 09/23/2016 847,648.41 845,253.50 (2,394.91) 617.92 3.410 2.922 A+
594918BV5 Credit MICROSOFT CORP 1.850% 2/06/20 02/06/2020 02/06/2017 499,665.00 496,370.00 (3,295.00) 3,725.69 1.850 1.867 AAA
717081DU4 Credit PFIZER INC 1.450% 6/03/19 06/03/2019 06/03/2016 249,715.00 248,537.50 (1,177.50) 281.94 1.450 1.458 AA
717081EM1 Credit PFIZER INC 3.000% 9/15/21 09/15/2021 09/07/2018 249,662.50 251,492.50 1,830.00 2,375.00 3.000 2.994 AA
742718EZ8 Credit PROCTER GAMBLE CO 1.750% 10/25/19 10/25/2019 10/25/2017 149,947.50 148,732.50 (1,215.00) 481.25 1.750 1.765 AA-
857477AS2 Credit STATE STREET CORP 2.550% 8/18/20 08/18/2020 08/18/2015 792,809.35 781,380.80 (11,428.55) 7,423.62 2.550 2.576 A
88579YBA8 Credit 3M COMPANY MTN 3.000% 9/14/21 09/14/2021 09/14/2018 08/14/2021 249,487.50 252,020.00 2,532.50 2,229.17 3.000 2.988 AA-
90331HNG4 Credit US BANK NA MTN 2.050% 10/23/20 10/23/2020 10/24/2017 09/23/2020 249,950.00 245,665.00 (4,285.00) 968.06 2.050 2.089 AA-
90331HNJ8 Credit US BANK NA MTN 2.350% 1/23/20 01/23/2020 01/23/2018 12/23/2019 254,885.25 253,380.75 (1,504.50) 2,630.04 2.350 2.367 AA-
91159HHQ6 Credit US BANCORP MTN 3.12738% 1/24/22 01/24/2022 01/24/2017 12/23/2021 503,630.79 500,490.00 (3,140.79) 2,997.07 3.130 3.142 A+
931142DY6 Credit WALMART STORES INC 1.750% 10/09/19 10/09/2019 10/20/2017 294,994.10 292,929.10 (2,065.00) 1,175.90 1.750 1.763 AA
931142EA7 Credit WALMART STORES INC 1.900% 12/15/20 12/15/2020 10/20/2017 489,760.00 492,155.00 2,395.00 422.22 1.900 1.932 AA
931142EJ8 Credit WALMART INC 3.125% 6/23/21 06/23/2021 06/27/2018 129,993.50 130,924.30 930.80 90.28 3.130 3.111 AA
Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2018
ATTACHMENT 14
40
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
CUSIP Security Type Category Issuer Final Maturity Trade Date
Next Call
Date Original Cost
Base Market
Value
Unrealized
Gain/Loss
Accrued
Income Coupon Yield
Credit
Rating
Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2018
94988J5Q6 Credit WELLS FARGO MTN 2.84706% 7/23/21 07/23/2021 07/23/2018 07/23/2020 500,000.00 497,150.00 (2,850.00) 2,767.98 2.980 2.871 A+
94988J5T0 Credit WELLS FARGO MTN 3.625% 10/22/21 10/22/2021 10/23/2018 09/21/2021 529,941.70 533,137.60 3,195.90 3,629.03 3.630 3.619 A+
3136B1XP4 Mortgage-Backed F N M A GTD REMIC 3.560% 9/25/21 09/25/2021 04/01/2018 188,727.79 187,849.56 (878.23) 551.10 3.560 3.524 N/A
3137BNN26 Mortgage-Backed F H L M C MLTCL MTG 1.780% 7/25/19 07/25/2019 04/01/2016 28,149.48 27,927.51 (221.97) 41.68 1.780 1.791 N/A
3137FGZN8 Mortgage-Backed F H L M C MLTCL 2.50688% 2/25/23 02/25/2023 08/14/2018 192,012.98 191,809.45 (203.53) 93.60 2.550 2.509 N/A
3137FJXN4 Mortgage-Backed F H L M C MLTCL 2.55688% 2/25/23 02/25/2023 10/31/2018 200,000.00 199,446.00 (554.00) 99.43 2.600 2.564 N/A
3137FJYA1 Mortgage-Backed F H L M C MLTCL MTG 3.454% 5/25/23 05/25/2023 11/01/2018 379,091.55 384,761.78 5,670.23 1,091.18 3.450 3.421 N/A
010831DL6 Taxable Muni ALAMEDA CNTY CA JT 2.485% 6/01/19 06/01/2019 04/24/2018 260,000.00 259,568.40 (431.60) 538.42 2.490 2.489 AA+
010831DN2 Taxable Muni ALAMEDA CNTY CA JT 2.866% 6/01/21 06/01/2021 04/24/2018 255,000.00 254,966.85 (33.15) 609.02 2.870 2.873 AA+
13063BFS6 Taxable Muni CALIFORNIA ST BUILD 6.650% 3/01/22 03/01/2022 04/01/2010 476,660.75 465,285.75 (11,375.00) 9,420.83 6.650 6.093 AA-
13063DAB4 Taxable Muni CALIFORNIA ST HIGH 1.593% 4/01/19 04/01/2019 04/27/2017 350,003.71 349,013.00 (990.71) 1,393.88 1.590 1.597 AA-
13063DGA0 Taxable Muni CALIFORNIA ST 2.800% 4/01/21 04/01/2021 04/25/2018 500,008.42 499,560.00 (448.42) 3,500.00 2.800 2.805 AA-
13066YTY5 Taxable Muni CALIFORNIA ST DEPT 1.713% 5/01/21 05/01/2021 09/28/2016 105,052.47 103,650.61 (1,401.86) 302.98 1.710 1.757 AA
13077CT38 Taxable Muni CALIFORNIA ST 1.982% 11/01/19 11/01/2019 08/05/2015 130,182.82 128,948.30 (1,234.52) 429.43 1.980 1.998 AA-
45750TAG8 Taxable Muni INLAND VLY CA DEV 3.627% 3/01/20 03/01/2020 05/15/2014 231,766.10 231,840.00 73.90 2,780.70 3.630 3.598 AA
544445AY5 Taxable Muni LOS ANGELES CA DEPT 1.750% 5/15/19 05/15/2019 12/06/2016 100,000.00 99,674.00 (326.00) 223.61 1.750 1.756 AA
544445AZ2 Taxable Muni LOS ANGELES CA DEPT 2.092% 5/15/20 05/15/2020 12/06/2016 98,788.00 99,054.00 266.00 267.31 2.090 2.112 AA
54465AGK2 Taxable Muni LOS ANGELES CA 1.125% 9/01/19 09/01/2019 08/25/2016 266,868.00 267,162.30 294.30 1,012.50 1.130 1.137 AA
649791EJ5 Taxable Muni NEW YORK ST REF SER 3.600% 9/01/19 09/01/2019 03/30/2011 506,496.00 502,265.00 (4,231.00) 6,000.00 3.600 3.585 AA+
649791EV8 Taxable Muni NEW YORK ST SER B 3.600% 2/15/19 02/15/2019 03/30/2011 250,581.66 250,260.00 (321.66) 3,400.00 3.600 3.597 AA+
697379UD5 Taxable Muni PALO ALTO CA 2.291% 8/01/20 08/01/2020 08/14/2012 321,873.50 323,050.00 1,176.50 3,102.40 2.290 2.306 AAA
78607QAT2 Taxable Muni SACRAMENTO CA 2.712% 11/01/19 11/01/2019 05/30/2018 130,000.00 129,759.50 (240.50) 587.60 2.710 2.716 AA+
797299LR3 Taxable Muni SAN DIEGO CA PUBLIC 2.698% 10/15/19 10/15/2019 06/21/2018 500,000.00 499,145.00 (855.00) 2,847.89 2.700 2.703 AA-
797299LT9 Taxable Muni SAN DIEGO CA PUBLIC 2.994% 10/15/21 10/15/2021 06/21/2018 200,000.00 200,622.00 622.00 1,264.13 2.990 2.993 AA-
797669XT0 Taxable Muni SAN FRANCISCO CA 2.169% 7/01/20 07/01/2020 12/28/2017 100,000.00 99,192.00 (808.00) 1,084.50 2.170 2.187 AA+
79770GGM2 Taxable Muni SAN FRANCISCO CITY 2.000% 8/01/20 08/01/2020 11/30/2017 299,607.00 296,634.00 (2,973.00) 2,500.00 2.000 2.023 AA-
798170AB2 Taxable Muni SAN JOSE CA 2.098% 8/01/19 08/01/2019 12/21/2017 320,000.00 318,694.40 (1,305.60) 2,797.33 2.100 2.107 AA
798170AC0 Taxable Muni SAN JOSE CA REDEV 2.259% 8/01/20 08/01/2020 12/21/2017 190,000.00 188,303.30 (1,696.70) 1,788.38 2.260 2.280 AA
79876CBQ0 Taxable Muni SAN MARCOS CA REDEV 2.000% 10/01/20 10/01/2020 12/14/2017 109,256.40 108,339.00 (917.40) 550.00 2.000 2.032 AA-
801096AP3 Taxable Muni SANTA ANA CA CMNTY 3.346% 9/01/21 09/01/2021 11/08/2018 240,000.00 243,480.00 3,480.00 1,182.25 3.350 3.307 AA
80136PCY7 Taxable Muni SANTA BARBARA CA 3.300% 12/01/21 44531 43432 125,000.00 126,465.00 1,465.00 378.13 3.300 3.271 AA
882723UC1 Taxable Muni TEXAS ST REF WTR 2.036% 8/01/20 08/01/2020 02/05/2015 250,915.72 247,637.50 (3,278.22) 2,120.83 2.040 2.056 AAA
91412G2R5 Taxable Muni UNIV OF CALIFORNIA 1.877% 5/15/20 05/15/2020 09/28/2017 90,000.00 88,866.90 (1,133.10) 215.86 1.880 1.901 AA-
91412G2S3 Taxable Muni UNIV OF CALIFORNIA 2.112% 5/15/21 05/15/2021 09/28/2017 140,000.00 137,893.00 (2,107.00) 377.81 2.110 2.149 AA-
91412GD36 Taxable Muni UNIV OF CA 1.169% 5/15/19 05/15/2019 04/20/2016 140,000.00 139,255.20 (744.80) 209.12 1.170 1.175 AA
91412GWV3 Taxable Muni UNIV OF CA 2.003% 5/15/19 05/15/2019 03/25/2015 250,000.00 249,422.50 (577.50) 639.85 2.000 2.008 AA
91412HDJ9 Taxable Muni UNIV OF CA 3.283% 5/15/22 05/15/2022 06/05/2018 285,988.14 288,536.85 2,548.71 1,195.56 3.280 3.252 AA-
9128282Q2 Treasuries U S TREASURY NT 1.500% 8/15/20 08/15/2020 08/15/2017 1,457,105.41 1,434,132.54 (22,972.87) 8,260.68 1.500 1.527 N/A
9128284P2 Treasuries U S TREASURY NT 2.625% 5/15/21 05/15/2021 05/15/2018 888,550.98 892,848.00 3,471.04 3,033.25 2.630 2.623 N/A
9128284T4 Treasuries U S TREASURY NT 2.625% 6/15/21 06/15/2021 06/15/2018 639,675.00 642,124.80 2,449.80 784.62 2.630 2.622 N/A
9128284W7 Treasuries U S TREASURY NT 2.750% 8/15/21 08/15/2021 08/15/2018 1,937,554.19 1,948,080.60 10,526.41 20,099.29 2.750 2.738 N/A
9128284Y3 Treasuries U S TREASURY NT 2.625% 8/31/20 08/31/2020 08/31/2018 5,907,157.98 5,922,866.95 15,081.29 52,757.06 2.630 2.625 N/A
9128285A4 Treasuries U S TREASURY NT 2.750% 9/15/21 09/15/2021 09/15/2018 507,948.05 513,544.50 5,596.45 4,184.25 2.750 2.738 N/A
9128285B2 Treasuries U S TREASURY NT 2.750% 9/30/20 09/30/2020 09/30/2018 2,130,361.92 2,143,006.25 12,644.33 15,000.72 2.750 2.744 N/A
9128285F3 Treasuries U S TREASURY NT 2.875% 10/15/21 10/15/2021 10/15/2018 1,026,577.07 1,040,866.50 14,289.43 6,345.54 2.880 2.852 N/A
9128285G1 Treasuries U S TREASURY NT 2.875% 10/31/20 10/31/2020 10/31/2018 515,301.71 518,218.75 2,917.04 2,535.88 2.880 2.862 N/A
9128285L0 Treasuries U S TREASURY NT 2.875% 11/15/21 11/15/2021 11/15/2018 1,036,211.22 1,046,519.55 10,308.33 3,863.38 2.880 2.851 N/A
9128285Q9 Treasuries U S TREASURY NT 2.750% 11/30/20 11/30/2020 11/30/2018 3,989,220.70 4,008,074.70 18,854.00 9,646.15 2.750 2.743 N/A
9128285R7 Treasuries U S TREASURY NT 2.625% 12/15/21 12/15/2021 12/15/2018 518,090.63 522,334.80 4,244.17 637.50 2.630 2.621 N/A
9128285S5 Treasuries U S TREASURY NT 2.500% 12/31/20 12/31/2020 12/31/2018 479,793.75 479,980.80 187.05 33.15 2.500 2.504 N/A
912828Y20 Treasuries U S TREASURY NT 2.625% 7/15/21 07/15/2021 07/16/2018 249,619.14 250,890.00 1,270.86 3,013.76 2.630 2.622 N/A
912828Y46 Treasuries U S TREASURY NT 2.625% 7/31/20 07/31/2020 07/31/2018 1,828,355.86 1,832,214.30 3,858.44 20,102.65 2.630 2.626 N/A
41
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
CUSIP Security Type Category Issuer Final Maturity Trade Date
Next Call
Date Original Cost
Base Market
Value
Unrealized
Gain/Loss
Accrued
Income Coupon Yield
Credit
Rating
Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2018
51,722,411.30 51,706,217.80 (17,647.16) 292,831.29
42
Page 27 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
10/1/2018 13063DAB4
INTEREST EARNED ON CALIFORNIA ST HIGH 1.593% 4/01/19 $1 PV ON
350000.0000 SHARES DUE 10/1/2018 - - - - - 2,787.75 - - -
10/1/2018 13063DAB4
AMORTIZED PREMIUM ON CALIFORNIA ST HIGH 1.593% 4/01/19 CURRENT YEAR
AMORTIZATION - - - - - - (10.10) - -
10/1/2018 13063DGA0
INTEREST EARNED ON CALIFORNIA ST 2.800% 4/01/21 $1 PV ON 500000.0000
SHARES DUE 10/1/2018 - - - - - 6,066.67 - - -
10/1/2018 3133EHTJ2
INTEREST EARNED ON F F C B DEB 2.17375% 8/01/22 $1 PV ON 230000.0000
SHARES DUE 10/1/2018 - - - - - 416.64 - - -
10/1/2018 10/1/2018 10/1/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 304.48 1.00 - - - (304.48) 304.48 - -
10/1/2018 10/1/2018 10/1/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,074,399.52) 1.00 - - - 1,074,399.52 (1,074,399.52) - -
10/1/2018 31846V203
INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE
9/30/2018 INTEREST FROM 9/1/18 TO 9/30/18 - - - - - 435.01 - - -
10/1/2018 79876CBQ0
INTEREST EARNED ON SAN MARCOS CA REDEV 2.000% 10/01/20 $1 PV ON
110000.0000 SHARES DUE 10/1/2018 - - - - - 1,100.00 - - -
10/1/2018 9128284C1
INTEREST EARNED ON U S TREASURY NT 2.250% 3/31/20 $1 PV ON
1660000.0000 SHARES DUE 9/30/2018 - - - - - 18,675.00 - - -
10/1/2018 9/25/2018 10/1/2018 9128285B2
PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 9/30/20
/BONY/TORONTO DOMINION SECURITI/1,105,000 PAR VALUE AT 99.824219 %1,105,000.00 1.00 - - - (1,103,057.62) 1,103,057.62 - -
10/1/2018 10/1/2018 9128285B2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750% 9/30/20 - - - - - (83.48) - - -
10/2/2018 10/2/2018 10/2/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 435.01 1.00 - - - (435.01) 435.01 - -
10/9/2018 17305EGB5
INTEREST EARNED ON CITIBANK CREDIT 1.920% 4/07/22 $1 PV ON 2208.0000
SHARES DUE 10/7/2018 $0.00960/PV ON 230,000.00 PV DUE 10/ 7/18 - - - - - 2,208.00 - - -
10/9/2018 3133EHXH1
INTEREST EARNED ON F F C B 2.20031% 9/06/22 $1 PV ON 260000.0000
SHARES DUE 10/6/2018 - - - - - 476.73 - - -
10/9/2018 10/9/2018 10/9/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,057.98 1.00 - - - (3,057.98) 3,057.98 - -
10/9/2018 10/9/2018 10/9/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,208.00 1.00 - - - (2,208.00) 2,208.00 - -
10/9/2018 931142DY6
INTEREST EARNED ON WALMART STORES INC 1.750% 10/09/19 $1 PV ON
295000.0000 SHARES DUE 10/9/2018 - - - - - 2,581.25 - - -
10/10/2018 10/10/2018 10/10/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 254,523.55 1.00 - - - (254,523.55) 254,523.55 - -
10/10/2018 10/9/2018 10/10/2018 9128284Y3
SOLD PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /HSBC SECURITIES
(USA) FXD INC/255,000 PAR VALUE AT 99.52310196 %(255,000.00) 1.00 - - - 253,783.91 (253,783.91) - -
10/10/2018 10/10/2018 9128284Y3 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 8/31/20 - - - - - 739.64 - - -
10/10/2018 9128284Y3
FED BASIS OF U S TREASURY NT 2.625% 8/31/20 ADJUSTED BY -967.07 FIXED
FEDRL TX CST FROM $254750.98 TO $253783.91 - - - - - - (967.07) - -
10/10/2018 9128284Y3
FED BASIS OF U S TREASURY NT 2.625% 8/31/20 ADJUSTED BY 967.07 FIXED
FEDRL TX CST FROM $254193.16 TO $255160.23 - - - - - - 967.07 - -
10/11/2018 3133EH2J1
INTEREST EARNED ON F F C B 2.141% 12/11/20 $1 PV ON 510000.0000
SHARES DUE 10/11/2018 - - - - - 909.93 - - -
10/11/2018 10/11/2018 10/11/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 924,010.60 1.00 - - - (924,010.60) 924,010.60 - -
10/11/2018 10/11/2018 10/11/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (420,640.02) 1.00 - - - 420,640.02 (420,640.02) - -
10/11/2018 10/10/2018 10/11/2018 9128283S7
SOLD PAR VALUE OF U S TREASURY NT 2.000% 1/31/20 /CITIGROUP GLOBAL
MARKETS INC./1,540,000 PAR VALUE AT 98.99966494 %(1,540,000.00) 0.99 - - - 1,524,594.84 (1,536,510.94) (11,916.10) -
10/11/2018 10/11/2018 9128283S7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.000% 1/31/20 - - - - - 6,026.09 - - -
10/11/2018 10/10/2018 10/11/2018 9128285B2
PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 9/30/20 /HSBC
SECURITIES (USA) FXD INC/1,030,000 PAR VALUE AT 99.73828155 %1,030,000.00 1.00 - - - (1,027,304.30) 1,027,304.30 - -
10/11/2018 10/11/2018 9128285B2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750% 9/30/20 - - - - - (855.98) - - -
10/12/2018 10/11/2018 10/12/2018 3130AF5B9
PURCHASED PAR VALUE OF F H L B DEB 3.000% 10/12/21 /BARCLAYS
CAPITAL INC. FIXED IN/620,000 PAR VALUE AT 99.935 %620,000.00 1.00 - - - (619,597.00) 619,597.00 - -
10/12/2018 10/12/2018 10/12/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (619,597.00) 1.00 - - - 619,597.00 (619,597.00) - -
10/15/2018 02582JHG8
INTEREST EARNED ON AMERICAN EXPRESS 1.640% 12/15/21 $1 PV ON
420000.0000 SHARES DUE 10/15/2018 - - - - - 574.00 - - -
10/15/2018 06406FAA1
INTEREST EARNED ON BANK OF NY MTN 2.500% 4/15/21 $1 PV ON 750000.0000
SHARES DUE 10/15/2018 - - - - - 9,375.00 - - -
10/15/2018 06406FAA1
AMORTIZED PREMIUM ON BANK OF NY MTN 2.500% 4/15/21 CURRENT YEAR
AMORTIZATION - - - - - - (1,417.71) - -
10/15/2018 161571HC1
INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON
856.2500 SHARES DUE 10/15/2018 $0.00114/PV ON 750,000.00 PV DUE 10/15/18 - - - - - 856.25 - - -
10/15/2018 161571HC1
AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT
YEAR AMORTIZATION - - - - - - (2.25) - -
10/15/2018 3133EHRD7
INTEREST EARNED ON F F C B DEB 2.22794% 7/13/22 $1 PV ON 310000.0000
SHARES DUE 10/13/2018 - - - - - 575.55 - - -
10/15/2018 10/15/2018 10/15/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (174,006.47) 1.00 - - - 174,006.47 (174,006.47) - -
10/15/2018 10/15/2018 10/15/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 574.00 1.00 - - - (574.00) 574.00 - -
10/15/2018 47787XAC1
INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 459.8300
SHARES DUE 10/15/2018 $0.00148/PV ON 310,000.00 PV DUE 10/15/18 - - - - - 459.83 - - -
10/15/2018 58769DAD2
INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON
551.9200 SHARES DUE 10/15/2018 $0.00149/PV ON 370,000.00 PV DUE 10/15/18 - - - - - 551.92 - - -
10/15/2018 65479BAD2
INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300
SHARES DUE 10/15/2018 $0.00171/PV ON 220,000.00 PV DUE 10/15/18 - - - - - 375.83 - - -
10/15/2018 797299LR3
INTEREST EARNED ON SAN DIEGO CA PUBLIC 2.698% 10/15/19 $1 PV ON
500000.0000 SHARES DUE 10/15/2018 - - - - - 4,271.83 - - -
10/15/2018 797299LT9
INTEREST EARNED ON SAN DIEGO CA PUBLIC 2.994% 10/15/21 $1 PV ON
200000.0000 SHARES DUE 10/15/2018 - - - - - 1,896.20 - - -
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
ATTACHMENT 15
43
Page 28 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
10/15/2018 80284TAF2
INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 73.9700
SHARES DUE 10/15/2018 $0.00148/PV ON 50,147.17 PV DUE 10/15/18 - - - - - 73.97 - - -
10/15/2018 10/15/2018 10/15/2018 80284TAF2 PAID DOWN PAR VALUE OF SANTANDER DRIVE 1.770% 9/15/20 (21,341.47) - - - - 21,341.47 (21,341.32) - 0.15
10/15/2018 89190BAD0
INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 762.6700
SHARES DUE 10/15/2018 $0.00147/PV ON 520,000.00 PV DUE 10/15/18 - - - - - 762.67 - - -
10/15/2018 89238MAD0
INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 542.0700
SHARES DUE 10/15/2018 $0.00144/PV ON 376,000.00 PV DUE 10/15/18 - - - - - 542.07 - - -
10/15/2018 90290AAC1
INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 198.3300
SHARES DUE 10/15/2018 $0.00142/PV ON 140,000.00 PV DUE 10/15/18 - - - - - 198.33 - - -
10/15/2018 10/12/2018 10/15/2018 9128284C1
SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/20 /CITIGROUP GLOBAL
MARKETS INC./XOTC 300,000 PAR VALUE AT 99.253906 %(300,000.00) 0.99 - - - 297,761.72 (299,835.94) (2,074.22) -
10/15/2018 10/15/2018 9128284C1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/20 - - - - - 278.16 - - -
10/15/2018 10/10/2018 10/15/2018 9128285F3
PURCHASED PAR VALUE OF U S TREASURY NT 2.875% 10/15/21 /NOMURA
SECURITIES/FIX INCOME/515,000 PAR VALUE AT 99.67519806 %515,000.00 1.00 - - - (513,327.27) 513,327.27 - -
10/18/2018 10/9/2018 10/18/2018 3130AF4M6
PURCHASED PAR VALUE OF F H L B DEB 3.360% 10/18/22 /NOMURA
SECURITIES/FIX INCOME/255,000 PAR VALUE AT 99.85 %255,000.00 1.00 - - - (254,617.50) 254,617.50 - -
10/18/2018 10/18/2018 10/18/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 548,752.91 1.00 - - - (548,752.91) 548,752.91 - -
10/18/2018 10/18/2018 10/18/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 223.75 1.00 - - - (223.75) 223.75 - -
10/18/2018 43814PAC4
INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 223.7500
SHARES DUE 10/18/2018 $0.00149/PV ON 150,000.00 PV DUE 10/18/18 - - - - - 223.75 - - -
10/18/2018 10/15/2018 10/18/2018 9128284C1
SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/20 /BONY/TORONTO
DOMINION SECURITI/300,000 PAR VALUE AT 99.22265667 %(300,000.00) 0.99 - - - 297,667.97 (299,835.94) (2,167.97) -
10/18/2018 10/18/2018 9128284C1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/20 - - - - - 333.79 - - -
10/18/2018 10/16/2018 10/18/2018 94988J5D5
SOLD PAR VALUE OF WELLS FARGO BANK MTN 1.750% 5/24/19 /WELLS FARGO
SECURITIES, LLC/XOTC 505,000 PAR VALUE AT 99.373 %(505,000.00) 0.99 - - - 501,833.65 (503,793.05) - (1,959.40)
10/18/2018 10/18/2018 94988J5D5
RECEIVED ACCRUED INTEREST ON SALE OF WELLS FARGO BANK MTN 1.750%
5/24/19 - - - - - 3,535.00 - - -
10/19/2018 10/17/2018 10/19/2018 02582JHG8
SOLD PAR VALUE OF AMERICAN EXPRESS 1.640% 12/15/21 /J.P. MORGAN
SECURITIES LLC/XOTC 420,000 PAR VALUE AT 99.386718 %(420,000.00) 0.99 - - - 417,424.22 (419,932.72) - (2,508.50)
10/19/2018 10/19/2018 02582JHG8
RECEIVED ACCRUED INTEREST ON SALE OF AMERICAN EXPRESS 1.640%
12/15/21 - - - - - 76.53 - - -
10/19/2018 10/17/2018 10/19/2018 17305EGA7
SOLD PAR VALUE OF CITIBANK CREDIT CARD 1.740% 1/19/21 /MLPFS INC/FIXED
INCOME/XOTC 380,000 PAR VALUE AT 99.804688 %(380,000.00) 1.00 - - - 379,257.81 (379,927.23) - (669.42)
10/19/2018 10/19/2018 17305EGA7
RECEIVED ACCRUED INTEREST ON SALE OF CITIBANK CREDIT CARD 1.740%
1/19/21 - - - - - 1,689.73 - - -
10/19/2018 10/19/2018 10/19/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 798,448.29 1.00 - - - (798,448.29) 798,448.29 - -
10/22/2018 05584PAD9
INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON
100000.0000 SHARES DUE 10/20/2018 - - - - - 172.50 - - -
10/22/2018 10/22/2018 10/22/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 172.50 1.00 - - - (172.50) 172.50 - -
10/23/2018 10/23/2018 10/23/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (523,741.29) 1.00 - - - 523,741.29 (523,741.29) - -
10/23/2018 90331HNG4
INTEREST EARNED ON US BANK NA MTN 2.050% 10/23/20 $1 PV ON 250000.0000
SHARES DUE 10/23/2018 - - - - - 2,562.50 - - -
10/23/2018 94988J5Q6
INTEREST EARNED ON WELLS FARGO MTN 2.84706% 7/23/21 $1 PV ON
500000.0000 SHARES DUE 10/23/2018 - - - - - 3,637.91 - - -
10/23/2018 10/16/2018 10/23/2018 94988J5T0
PURCHASED PAR VALUE OF WELLS FARGO MTN 3.625% 10/22/21 /WELLS
FARGO SECURITIES, LLC/530,000 PAR VALUE AT 99.989 %530,000.00 1.00 - - - (529,941.70) 529,941.70 - -
10/24/2018 3133EHVR1
INTEREST EARNED ON F F C B DEB 2.22219% 8/24/20 $1 PV ON 130000.0000
SHARES DUE 10/24/2018 - - - - - 240.74 - - -
10/24/2018 10/24/2018 10/24/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (199,741.78) 1.00 - - - 199,741.78 (199,741.78) - -
10/24/2018 10/24/2018 10/24/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,809.77 1.00 - - - (3,809.77) 3,809.77 - -
10/24/2018 10/16/2018 10/24/2018 65478BAD3
PURCHASED PAR VALUE OF NISSAN AUTO LEASE 3.250% 9/15/21 /CITIGROUP
GLOBAL MARKETS INC./200,000 PAR VALUE AT 99.99126 %200,000.00 1.00 - - - (199,982.52) 199,982.52 - -
10/24/2018 91159HHQ6
INTEREST EARNED ON US BANCORP MTN 2.98156% 1/24/22 $1 PV ON
500000.0000 SHARES DUE 10/24/2018 - - - - - 3,809.77 - - -
10/24/2018 91159HHQ6
AMORTIZED PREMIUM ON US BANCORP MTN 2.98156% 1/24/22 CURRENT YEAR
AMORTIZATION - - - - - - (289.17) - -
10/25/2018
TRUST FEES COLLECTED CHARGED FOR PERIOD 09/01/2018 THRU 09/30/2018
COLLECTED BY DISBURSEMENT - - - - - (533.29) - - -
10/25/2018 05582QAD9
INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON
277.9800 SHARES DUE 10/25/2018 $0.00097/PV ON 287,567.11 PV DUE 10/25/18 - - - - - 277.98 - - -
10/25/2018 10/25/2018 10/25/2018 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (27,471.95) - - - - 27,471.95 (27,471.83) - 0.12
10/25/2018 3133EHRZ8
INTEREST EARNED ON F F C B DEB 2.21581% 6/25/20 $1 PV ON 510000.0000
SHARES DUE 10/25/2018 - - - - - 941.72 - - -
10/25/2018 3136B1XP4
INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 616.1800
SHARES DUE 10/25/2018 $0.00297/PV ON 207,702.25 PV DUE 10/25/18 - - - - - 616.18 - - -
10/25/2018 3136B1XP4
AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR
AMORTIZATION - - - - - - (99.63) - -
10/25/2018 10/25/2018 10/25/2018 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 (9,461.35) - - - - 9,461.35 (9,622.62) (161.27) -
10/25/2018 3136B1XP4
INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 207702.2500
SHARES DUE 10/25/2018 PEN PAYMENT - - - - - 22.23 - - -
10/25/2018 3137BNN26
INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 46.1000
SHARES DUE 10/25/2018 $0.00148/PV ON 31,077.33 PV DUE 10/25/18 - - - - - 46.10 - - -
10/25/2018 3137BNN26
AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR
AMORTIZATION - - - - - - (7.86) - -
10/25/2018 10/25/2018 10/25/2018 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 (61.98) - - - - 61.98 (62.12) - (0.14)
44
Page 29 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
10/25/2018 3137BPCF4
INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 72.1700
SHARES DUE 10/25/2018 $0.00115/PV ON 62,940.10 PV DUE 10/25/18 - - - - - 72.17 - - -
10/25/2018 10/25/2018 10/25/2018 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 (10,530.95) - - - - 10,530.95 (10,530.87) - 0.08
10/25/2018 3137FGZN8
INTEREST EARNED ON F H L M C MLTCL 2.31375% 2/25/23 $1 PV ON 454.0700
SHARES DUE 10/25/2018 $0.00193/PV ON 235,500.22 PV DUE 10/25/18 - - - - - 454.07 - - -
10/25/2018 10/25/2018 10/25/2018 3137FGZN8 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.31375% 2/25/23 (25,432.42) - - - - 25,432.42 (25,432.42) - -
10/25/2018 10/25/2018 10/25/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 36,619.92 1.00 - - - (36,619.92) 36,619.92 - -
10/25/2018 10/25/2018 10/25/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 39,548.39 1.00 - - - (39,548.39) 39,548.39 - -
10/25/2018 742718EZ8
INTEREST EARNED ON PROCTER GAMBLE CO 1.750% 10/25/19 $1 PV ON
150000.0000 SHARES DUE 10/25/2018 - - - - - 1,312.50 - - -
10/31/2018 10/23/2018 10/31/2018 3137FJXN4
PURCHASED PAR VALUE OF F H L M C MLTCL 2.51056% 2/25/23 /J.P. MORGAN
SECURITIES LLC/200,000 PAR VALUE AT 100 %200,000.00 1.00 - - - (200,000.00) 200,000.00 - -
10/31/2018 10/31/2018 10/31/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (688,088.86) 1.00 - - - 688,088.86 (688,088.86) - -
10/31/2018 9128284J6
INTEREST EARNED ON U S TREASURY NT 2.375% 4/30/20 $1 PV ON
2295000.0000 SHARES DUE 10/31/2018 - - - - - 27,253.13 - - -
10/31/2018 10/30/2018 10/31/2018 9128285G1
PURCHASED PAR VALUE OF U S TREASURY NT 2.875% 10/31/20 /BMO CAPITAL
MARKETS CORP/BONDS/515,000 PAR VALUE AT 100.06640583 %515,000.00 1.00 - - - (515,341.99) 515,341.99 - -
11/1/2018 13063C4V9
INTEREST EARNED ON CALIFORNIA ST 1.050% 11/01/18 $1 PV ON 150000.0000
SHARES DUE 11/1/2018 - - - - - 787.50 - - -
11/1/2018 11/1/2018 11/1/2018 13063C4V9
MATURED PAR VALUE OF CALIFORNIA ST 1.050% 11/01/18 150,000 PAR VALUE
AT 100 %(150,000.00) 1.00 - - - 150,000.00 (149,887.50) - 112.50
11/1/2018 13066YTY5
INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON 942.1500
SHARES DUE 11/1/2018 $0.00888/PV ON 106,121.11 PV DUE 11/ 1/18 - - - - - 942.15 - - -
11/1/2018 13077CT38
INTEREST EARNED ON CALIFORNIA ST 1.982% 11/01/19 $1 PV ON 130000.0000
SHARES DUE 11/1/2018 - - - - - 1,288.30 - - -
11/1/2018 13077CT38
AMORTIZED PREMIUM ON CALIFORNIA ST 1.982% 11/01/19 CURRENT YEAR
AMORTIZATION - - - - - - (108.63) - -
11/1/2018 3133EHTJ2
INTEREST EARNED ON F F C B DEB 2.326% 8/01/22 $1 PV ON 230000.0000
SHARES DUE 11/1/2018 - - - - - 460.68 - - -
11/1/2018 11/1/2018 11/1/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 460.68 1.00 - - - (460.68) 460.68 - -
11/1/2018 11/1/2018 11/1/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 157,354.31 1.00 - - - (157,354.31) 157,354.31 - -
11/1/2018 31846V203
INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE
10/31/2018 INTEREST FROM 10/1/18 TO 10/31/18 - - - - - 852.00 - - -
11/1/2018 6055806F1
INTEREST EARNED ON MISSISSIPPI ST SER D 3.381% 11/01/18 $1 PV ON
100000.0000 SHARES DUE 11/1/2018 - - - - - 1,690.50 - - -
11/1/2018 6055806F1
AMORTIZED PREMIUM ON MISSISSIPPI ST SER D 3.381% 11/01/18 CURRENT YEAR
AMORTIZATION - - - - - - (942.57) - -
11/1/2018 11/1/2018 11/1/2018 6055806F1
MATURED PAR VALUE OF MISSISSIPPI ST SER D 3.381% 11/01/18 100,000 PAR
VALUE AT 100 %(100,000.00) 1.00 - - - 100,000.00 (100,000.00) - -
11/1/2018 702282ND2
INTEREST EARNED ON PASADENA CA UNIF 1.861% 11/01/18 $1 PV ON
250000.0000 SHARES DUE 11/1/2018 - - - - - 2,326.25 - - -
11/1/2018 702282ND2
AMORTIZED PREMIUM ON PASADENA CA UNIF 1.861% 11/01/18 CURRENT YEAR
AMORTIZATION - - - - - - (305.29) - -
11/1/2018 11/1/2018 11/1/2018 702282ND2
MATURED PAR VALUE OF PASADENA CA UNIF 1.861% 11/01/18 250,000 PAR
VALUE AT 100 %(250,000.00) 1.00 - - - 250,000.00 (250,000.00) - -
11/1/2018 78607QAT2
INTEREST EARNED ON SACRAMENTO CA 2.712% 11/01/19 $1 PV ON
130000.0000 SHARES DUE 11/1/2018 - - - - - 1,478.79 - - -
11/1/2018 10/31/2018 11/1/2018 912796RF8
PURCHASED PAR VALUE OF U S TREASURY BILL 10/10/19 /NOMURA
SECURITIES/FIX INCOME/360,000 PAR VALUE AT 97.54421667 %360,000.00 0.98 - - - (351,159.18) 351,159.18 - -
11/2/2018 13066YTY5
INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON 942.1500
SHARES DUE 11/1/2018 RATE REVISED - - - - - (942.15) - - -
11/2/2018 13066YTY5
INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON
106121.1100 SHARES DUE 11/1/2018 - - - - - 908.93 - - -
11/2/2018 11/2/2018 11/2/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 852.00 1.00 - - - (852.00) 852.00 - -
11/5/2018 11/5/2018 11/5/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (33.22) 1.00 - - - 33.22 (33.22) - -
11/6/2018 3133EHXH1
INTEREST EARNED ON F F C B 2.36063% 9/06/22 $1 PV ON 260000.0000
SHARES DUE 11/6/2018 - - - - - 528.52 - - -
11/6/2018 11/6/2018 11/6/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 528.52 1.00 - - - (528.52) 528.52 - -
11/7/2018 11/7/2018 11/7/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 297,236.71 1.00 - - - (297,236.71) 297,236.71 - -
11/7/2018 11/7/2018 11/7/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (306,147.02) 1.00 - - - 306,147.02 (306,147.02) - -
11/7/2018 11/6/2018 11/7/2018 912796RF8
SOLD PAR VALUE OF U S TREASURY BILL 10/10/19 /MLPFS INC/FIXED
INCOME/360,000 PAR VALUE AT 97.55909167 %(360,000.00) 0.98 - - - 351,159.18 (351,159.18) - -
11/7/2018 912796RF8
INTEREST EARNED ON U S TREASURY BILL 10/10/19 $1 PV ON 360000.0000
SHARES DUE 11/6/2018 360,000 PAR VALUE AT 97.55909167 %- - - - - 53.55 - - -
11/7/2018 11/6/2018 11/7/2018 9128284C1
SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/20 /CITIGROUP GLOBAL
MARKETS INC./155,000 PAR VALUE AT 99.16015484 %(155,000.00) 0.99 - - - 153,698.24 (154,915.23) (1,216.99) -
11/7/2018 11/7/2018 9128284C1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/20 - - - - - 364.08 - - -
11/7/2018 11/6/2018 11/7/2018 9128285F3
PURCHASED PAR VALUE OF U S TREASURY NT 2.875% 10/15/21 /MLPFS
INC/FIXED INCOME/515,000 PAR VALUE AT 99.66015534 %515,000.00 1.00 - - - (513,249.80) 513,249.80 - -
11/7/2018 11/7/2018 9128285F3
PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.875%
10/15/21 - - - - - (935.56) - - -
11/8/2018 11/8/2018 11/8/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 477,281.75 1.00 - - - (477,281.75) 477,281.75 - -
11/8/2018 11/8/2018 11/8/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (297,236.71) 1.00 - - - 297,236.71 (297,236.71) - -
11/8/2018 11/7/2018 11/8/2018 76116FAE7
PURCHASED PAR VALUE OF RESOLUTION FD CORP STRIP 10/15/20 /PERSHING
LLC/510,000 PAR VALUE AT 94.298 %510,000.00 0.94 - - - (480,919.80) 480,919.80 - -
45
Page 30 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
11/8/2018 10/19/2018 11/8/2018 801096AP3
PURCHASED PAR VALUE OF SANTA ANA CA CMNTY 3.346% 9/01/21 /PERSHING
LLC/240,000 PAR VALUE AT 100 %240,000.00 1.00 - - - (240,000.00) 240,000.00 - -
11/8/2018 11/7/2018 11/8/2018 9128284P2
SOLD PAR VALUE OF U S TREASURY NT 2.625% 5/15/21 /MLPFS INC/FIXED
INCOME/390,000 PAR VALUE AT 99.05078205 %(390,000.00) 0.99 - - - 386,298.05 (388,539.06) (2,241.01) -
11/8/2018 11/8/2018 9128284P2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 5/15/21 - - - - - 4,924.01 - - -
11/8/2018 11/7/2018 11/8/2018 9128284Y3
SOLD PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /J.P. MORGAN
SECURITIES LLC/510,000 PAR VALUE AT 99.44921961 %(510,000.00) 0.99 - - - 507,191.02 (509,574.18) (2,383.16) -
11/8/2018 11/8/2018 9128284Y3 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 8/31/20 - - - - - 2,551.76 - - -
11/13/2018 037833CS7
INTEREST EARNED ON APPLE INC 1.800% 5/11/20 $1 PV ON 485000.0000
SHARES DUE 11/11/2018 - - - - - 4,365.00 - - -
11/13/2018 3133EH2J1
INTEREST EARNED ON F F C B 2.29713% 12/11/20 $1 PV ON 510000.0000
SHARES DUE 11/11/2018 - - - - - 1,008.82 - - -
11/13/2018 3133EHRD7
INTEREST EARNED ON F F C B DEB 2.3595% 7/13/22 $1 PV ON 310000.0000
SHARES DUE 11/13/2018 - - - - - 629.86 - - -
11/13/2018 11/13/2018 11/13/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 8,441.18 1.00 - - - (8,441.18) 8,441.18 - -
11/13/2018 478160CH5
INTEREST EARNED ON JOHNSON JOHNSON 1.950% 11/10/20 $1 PV ON
250000.0000 SHARES DUE 11/10/2018 - - - - - 2,437.50 - - -
11/15/2018 06406HBM0
INTEREST EARNED ON BANK NY MELLON MTN 5.450% 5/15/19 $1 PV ON
242000.0000 SHARES DUE 11/15/2018 - - - - - 6,594.50 - - -
11/15/2018 06406HBM0
AMORTIZED PREMIUM ON BANK NY MELLON MTN 5.450% 5/15/19 CURRENT
YEAR AMORTIZATION - - - - - - (4,303.72) - -
11/15/2018 161571HC1
INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON
856.2500 SHARES DUE 11/15/2018 $0.00114/PV ON 750,000.00 PV DUE 11/15/18 - - - - - 856.25 - - -
11/15/2018 161571HC1
AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT
YEAR AMORTIZATION - - - - - - (1.95) - -
11/15/2018 166764AN0
INTEREST EARNED ON CHEVRON CORP 2.193% 11/15/19 $1 PV ON
500000.0000 SHARES DUE 11/15/2018 - - - - - 5,482.50 - - -
11/15/2018 166764AN0
AMORTIZED PREMIUM ON CHEVRON CORP 2.193% 11/15/19 CURRENT YEAR
AMORTIZATION - - - - - - (952.45) - -
11/15/2018 11/15/2018 11/15/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 12,801.32 1.00 - - - (12,801.32) 12,801.32 - -
11/15/2018 11/15/2018 11/15/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 70,583.37 1.00 - - - (70,583.37) 70,583.37 - -
11/15/2018 47787XAC1
INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 459.8300
SHARES DUE 11/15/2018 $0.00148/PV ON 310,000.00 PV DUE 11/15/18 - - - - - 459.83 - - -
11/15/2018 11/15/2018 11/15/2018 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 (14,540.51) - - - - 14,540.51 (14,538.44) - 2.07
11/15/2018 544445AY5
INTEREST EARNED ON LOS ANGELES CA DEPT 1.750% 5/15/19 $1 PV ON
100000.0000 SHARES DUE 11/15/2018 - - - - - 875.00 - - -
11/15/2018 544445AZ2
INTEREST EARNED ON LOS ANGELES CA DEPT 2.092% 5/15/20 $1 PV ON
100000.0000 SHARES DUE 11/15/2018 - - - - - 1,046.00 - - -
11/15/2018 58769DAD2
INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON
551.9200 SHARES DUE 11/15/2018 $0.00149/PV ON 370,000.00 PV DUE 11/15/18 - - - - - 551.92 - - -
11/15/2018 65478BAD3
INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 379.1700
SHARES DUE 11/15/2018 $0.00190/PV ON 200,000.00 PV DUE 11/15/18 - - - - - 379.17 - - -
11/15/2018 65479BAD2
INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300
SHARES DUE 11/15/2018 $0.00171/PV ON 220,000.00 PV DUE 11/15/18 - - - - - 375.83 - - -
11/15/2018 80284TAF2
INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 42.4900
SHARES DUE 11/15/2018 $0.00147/PV ON 28,805.70 PV DUE 11/15/18 - - - - - 42.49 - - -
11/15/2018 11/15/2018 11/15/2018 80284TAF2 PAID DOWN PAR VALUE OF SANTANDER DRIVE 1.770% 9/15/20 (22,233.86) - - - - 22,233.86 (22,233.71) - 0.15
11/15/2018 89190BAD0
INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 762.6700
SHARES DUE 11/15/2018 $0.00147/PV ON 520,000.00 PV DUE 11/15/18 - - - - - 762.67 - - -
11/15/2018 89238MAD0
INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 542.0700
SHARES DUE 11/15/2018 $0.00144/PV ON 376,000.00 PV DUE 11/15/18 - - - - - 542.07 - - -
11/15/2018 11/15/2018 11/15/2018 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 (11,117.41) - - - - 11,117.41 (11,116.10) - 1.31
11/15/2018 90290AAC1
INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 198.3300
SHARES DUE 11/15/2018 $0.00142/PV ON 140,000.00 PV DUE 11/15/18 - - - - - 198.33 - - -
11/15/2018 9128284P2
INTEREST EARNED ON U S TREASURY NT 2.625% 5/15/21 $1 PV ON 890000.0000
SHARES DUE 11/15/2018 - - - - - 11,681.25 - - -
11/15/2018 91412G2R5
INTEREST EARNED ON UNIV OF CALIFORNIA 1.877% 5/15/20 $1 PV ON 90000.0000
SHARES DUE 11/15/2018 - - - - - 844.65 - - -
11/15/2018 91412G2S3
INTEREST EARNED ON UNIV OF CALIFORNIA 2.112% 5/15/21 $1 PV ON
140000.0000 SHARES DUE 11/15/2018 - - - - - 1,478.40 - - -
11/15/2018 91412GD36
INTEREST EARNED ON UNIV OF CA 1.169% 5/15/19 $1 PV ON 140000.0000
SHARES DUE 11/15/2018 - - - - - 818.30 - - -
11/15/2018 91412GWV3
INTEREST EARNED ON UNIV OF CA 2.003% 5/15/19 $1 PV ON 250000.0000
SHARES DUE 11/15/2018 - - - - - 2,503.75 - - -
11/19/2018 11/7/2018 11/19/2018 3137FJYA1
PURCHASED PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 /MLPFS
INC/FIXED INCOME/380,000 PAR VALUE AT 99.9973 %380,000.00 1.00 - - - (379,989.74) 379,989.74 - -
11/19/2018 11/19/2018 3137FJYA1
PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MTG 3.454%
5/25/23 - - - - - (656.26) - - -
11/19/2018 11/19/2018 11/19/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (380,646.00) 1.00 - - - 380,646.00 (380,646.00) - -
11/19/2018 11/19/2018 11/19/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 223.75 1.00 - - - (223.75) 223.75 - -
11/19/2018 43814PAC4
INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 223.7500
SHARES DUE 11/18/2018 $0.00149/PV ON 150,000.00 PV DUE 11/18/18 - - - - - 223.75 - - -
11/20/2018 05584PAD9
INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 172.5000
SHARES DUE 11/20/2018 $0.00173/PV ON 100,000.00 PV DUE 11/20/18 - - - - - 172.50 - - -
11/20/2018 11/20/2018 11/20/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 172.50 1.00 - - - (172.50) 172.50 - -
46
Page 31 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
11/26/2018
TRUST FEES COLLECTED CHARGED FOR PERIOD 10/01/2018 THRU 10/31/2018
COLLECTED BY DISBURSEMENT - - - - - (533.99) - - -
11/26/2018 05582QAD9
INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON
251.4300 SHARES DUE 11/25/2018 $0.00097/PV ON 260,095.16 PV DUE 11/25/18 - - - - - 251.43 - - -
11/26/2018 11/25/2018 11/26/2018 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (29,226.59) - - - - 29,226.59 (29,226.46) - 0.13
11/26/2018 3133EHRZ8
INTEREST EARNED ON F F C B DEB 2.28138% 6/25/20 $1 PV ON 510000.0000
SHARES DUE 11/25/2018 - - - - - 1,001.91 - - -
11/26/2018 3133EHVR1
INTEREST EARNED ON F F C B DEB 2.2965% 8/24/20 $1 PV ON 130000.0000
SHARES DUE 11/24/2018 - - - - - 257.08 - - -
11/26/2018 3136B1XP4
INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 588.1100
SHARES DUE 11/25/2018 $0.00297/PV ON 198,240.90 PV DUE 11/25/18 - - - - - 588.11 - - -
11/26/2018 3136B1XP4
AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR
AMORTIZATION - - - - - - (98.26) - -
11/26/2018 11/25/2018 11/26/2018 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 (8,440.40) - - - - 8,440.40 (8,580.08) (139.68) -
11/26/2018 3136B1XP4
INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 198240.9000
SHARES DUE 11/25/2018 PEN PAYMENT - - - - - 22.32 - - -
11/26/2018 3137BNN26
INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 46.0100
SHARES DUE 11/25/2018 $0.00148/PV ON 31,015.35 PV DUE 11/25/18 - - - - - 46.01 - - -
11/26/2018 3137BNN26
AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR
AMORTIZATION - - - - - - (8.11) - -
11/26/2018 11/25/2018 11/26/2018 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 (2,857.16) - - - - 2,857.16 (2,862.99) - (5.83)
11/26/2018 3137BPCF4
INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 107.1700
SHARES DUE 11/25/2018 $0.00204/PV ON 52,409.15 PV DUE 11/25/18 - - - - - 107.17 - - -
11/26/2018 11/25/2018 11/26/2018 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 (21,822.42) - - - - 21,822.42 (21,822.25) - 0.17
11/26/2018 3137FGZN8
INTEREST EARNED ON F H L M C MLTCL 2.54258% 2/25/23 $1 PV ON 445.0900
SHARES DUE 11/25/2018 $0.00212/PV ON 210,067.80 PV DUE 11/25/18 - - - - - 445.09 - - -
11/26/2018 11/25/2018 11/26/2018 3137FGZN8 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.54258% 2/25/23 (3,913.52) 3,669.85 - - - 3,913.52 (3,913.52) - -
11/26/2018 3137FJXN4
INTEREST EARNED ON F H L M C MLTCL 2.09213% 2/25/23 $1 PV ON 200000.0000
SHARES DUE 11/25/2018 - - - - - 348.69 - - -
11/26/2018 11/26/2018 11/26/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 13,758.13 1.00 - - - (13,758.13) 13,758.13 - -
11/26/2018 11/26/2018 11/26/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 55,035.78 1.00 - - - (55,035.78) 55,035.78 - -
11/28/2018 06050TMH2
INTEREST EARNED ON BANK OF AMERICA NA 25.6138% 8/28/20 $1 PV ON
410000.0000 SHARES DUE 11/28/2018 - - - - - 2,683.76 - - -
11/28/2018 11/28/2018 11/28/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (122,316.24) 1.00 - - - 122,316.24 (122,316.24) - -
11/28/2018 11/15/2018 11/28/2018 80136PCY7
PURCHASED PAR VALUE OF SANTA BARBARA CA 3.300% 12/01/21 /RAYMOND
JAMES/FI/125,000 PAR VALUE AT 100 %125,000.00 1.00 - - - (125,000.00) 125,000.00 - -
11/30/2018 11/30/2018 11/30/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,375.00 1.00 - - - (6,375.00) 6,375.00 - -
11/30/2018 9128284Q0
INTEREST EARNED ON U S TREASURY NT 2.500% 5/31/20 $1 PV ON 510000.0000
SHARES DUE 11/30/2018 - - - - - 6,375.00 - - -
12/3/2018 010831DL6
INTEREST EARNED ON ALAMEDA CNTY CA JT 2.485% 6/01/19 $1 PV ON
260000.0000 SHARES DUE 12/1/2018 - - - - - 3,230.50 - - -
12/3/2018 010831DN2
INTEREST EARNED ON ALAMEDA CNTY CA JT 2.866% 6/01/21 $1 PV ON
255000.0000 SHARES DUE 12/1/2018 - - - - - 3,654.15 - - -
12/3/2018 166764AU4
INTEREST EARNED ON CHEVRON CORP 2.81992% 3/03/22 $1 PV ON
500000.0000 SHARES DUE 12/3/2018 - - - - - 3,564.06 - - -
12/3/2018 166764AU4
AMORTIZED PREMIUM ON CHEVRON CORP 2.81992% 3/03/22 CURRENT YEAR
AMORTIZATION - - - - - - (299.34) - -
12/3/2018 3133EHTJ2
INTEREST EARNED ON F F C B DEB 2.36938% 8/01/22 $1 PV ON 230000.0000
SHARES DUE 12/1/2018 - - - - - 454.13 - - -
12/3/2018 12/3/2018 12/3/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 63,224.34 1.00 - - - (63,224.34) 63,224.34 - -
12/3/2018 31846V203
INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE
11/30/2018 INTEREST FROM 11/1/18 TO 11/30/18 - - - - - 496.10 - - -
12/3/2018 12/1/2018 12/1/2018 54473ERQ9
MATURED PAR VALUE OF LOS ANGELES CNTY CA 2.036% 12/01/18 50,000 PAR
VALUE AT 100 %(50,000.00) 1.00 - - - 50,000.00 (50,000.00) - -
12/3/2018 54473ERQ9
INTEREST EARNED ON LOS ANGELES CNTY CA 2.036% 12/01/18 $1 PV ON
50000.0000 SHARES DUE 12/1/2018 - - - - - 509.00 - - -
12/3/2018 717081DU4
INTEREST EARNED ON PFIZER INC 1.450% 6/03/19 $1 PV ON 250000.0000
SHARES DUE 12/3/2018 - - - - - 1,812.50 - - -
12/4/2018 12/4/2018 12/4/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 69,853.40 1.00 - - - (69,853.40) 69,853.40 - -
12/4/2018 12/4/2018 12/4/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (204,934.88) 1.00 - - - 204,934.88 (204,934.88) - -
12/4/2018 12/3/2018 12/4/2018 9128284C1
SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/20 /CITIGROUP GLOBAL
MARKETS INC./905,000 PAR VALUE AT 99.29296906 %(905,000.00) 0.99 - - - 898,601.37 (904,505.08) (5,903.71) -
12/4/2018 12/4/2018 9128284C1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/20 - - - - - 3,636.16 - - -
12/4/2018 12/3/2018 12/4/2018 9128285L0
PURCHASED PAR VALUE OF U S TREASURY NT 2.875% 11/15/21 /HSBC
SECURITIES (USA) FXD INC/1,035,000 PAR VALUE AT 100.12109372 %1,035,000.00 1.00 - - - (1,036,253.32) 1,036,253.32 - -
12/4/2018 12/4/2018 9128285L0
PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.875%
11/15/21 - - - - - (1,561.79) - - -
12/6/2018 3133EHXH1
INTEREST EARNED ON F F C B 2.39788% 9/06/22 $1 PV ON 260000.0000
SHARES DUE 12/6/2018 - - - - - 519.54 - - -
12/6/2018 12/6/2018 12/6/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 519.54 1.00 - - - (519.54) 519.54 - -
12/11/2018 3133EH2J1
INTEREST EARNED ON F F C B 2.32844% 12/11/20 $1 PV ON 510000.0000
SHARES DUE 12/11/2018 - - - - - 989.59 - - -
12/11/2018 12/11/2018 12/11/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 989.59 1.00 - - - (989.59) 989.59 - -
12/12/2018 12/11/2018 12/12/2018 3135G0T29
SOLD PAR VALUE OF F N M A DEB 1.500% 2/28/20 /CITIGROUP GLOBAL
MARKETS INC./300,000 PAR VALUE AT 98.491 %(300,000.00) 0.98 - - - 295,473.00 (299,808.00) - (4,335.00)
12/12/2018 12/12/2018 3135G0T29 RECEIVED ACCRUED INTEREST ON SALE OF F N M A DEB 1.500% 2/28/20 - - - - - 1,300.00 - - -
47
Page 32 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
12/12/2018 12/12/2018 12/12/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 41,337.11 1.00 - - - (41,337.11) 41,337.11 - -
12/12/2018 12/4/2018 12/12/2018 65478NAD7
PURCHASED PAR VALUE OF NISSAN AUTO 3.220% 6/15/23 /MIZUHO
SECURITIES USA FXD INC/450,000 PAR VALUE AT 99.98084 %450,000.00 1.00 - - - (449,913.78) 449,913.78 - -
12/12/2018 12/11/2018 12/12/2018 9128284J6
SOLD PAR VALUE OF U S TREASURY NT 2.375% 4/30/20 /HSBC SECURITIES
(USA) FXD INC/195,000 PAR VALUE AT 99.45669744 %(195,000.00) 0.99 - - - 193,940.56 (194,230.66) (290.10) -
12/12/2018 12/12/2018 9128284J6 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.375% 4/30/20 - - - - - 537.33 - - -
12/13/2018 3133EHRD7
INTEREST EARNED ON F F C B DEB 2.39438% 7/13/22 $1 PV ON 310000.0000
SHARES DUE 12/13/2018 - - - - - 618.55 - - -
12/13/2018 12/13/2018 12/13/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 517,892.26 1.00 - - - (517,892.26) 517,892.26 - -
12/13/2018 589331AN7
AMORTIZED PREMIUM ON MERCK CO INC 5.000% 6/30/19 CURRENT YEAR
AMORTIZATION - - - - - - (10,368.84) - -
12/13/2018 12/13/2018 12/13/2018 589331AN7 FULL CALL PAR VALUE OF MERCK CO INC 5.000% 6/30/19 /CALLS/(500,000.00) 1.01 - - - 505,954.31 (505,954.50) - (0.19)
12/13/2018 589331AN7
INTEREST EARNED ON MERCK CO INC 5.000% 6/30/19 $1 PV ON 500000.0000
SHARES DUE 12/13/2018 - - - - - 11,319.40 - - -
12/17/2018 161571HC1
INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON
750000.0000 SHARES DUE 12/15/2018 - - - - - 856.25 - - -
12/17/2018 161571HC1
AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT
YEAR AMORTIZATION - - - - - - (1.58) - -
12/17/2018 17275RAX0
INTEREST EARNED ON CISCO SYSTEMS INC 2.450% 6/15/20 $1 PV ON
600000.0000 SHARES DUE 12/15/2018 - - - - - 7,350.00 - - -
12/17/2018 12/13/2018 12/17/2018 3133EH2J1
SOLD PAR VALUE OF F F C B 2.32844% 12/11/20 /BONY/TORONTO DOMINION
SECURITI/510,000 PAR VALUE AT 99.9694 %(510,000.00) 1.00 - - - 509,843.94 (510,000.00) - (156.06)
12/17/2018 12/17/2018 3133EH2J1 RECEIVED ACCRUED INTEREST ON SALE OF F F C B 2.32844% 12/11/20 - - - - - 204.87 - - -
12/17/2018 12/13/2018 12/17/2018 3133EHRZ8
SOLD PAR VALUE OF F F C B DEB 2.28138% 6/25/20 /BONY/TORONTO
DOMINION SECURITI/510,000 PAR VALUE AT 100.0008 %(510,000.00) 1.00 - - - 510,004.08 (510,000.00) - 4.08
12/17/2018 12/17/2018 3133EHRZ8 RECEIVED ACCRUED INTEREST ON SALE OF F F C B DEB 2.28138% 6/25/20 - - - - - 721.47 - - -
12/17/2018 12/13/2018 12/17/2018 3133EHVR1
SOLD PAR VALUE OF F F C B DEB 2.2965% 8/24/20 /BONY/TORONTO
DOMINION SECURITI/130,000 PAR VALUE AT 100.0174 %(130,000.00) 1.00 - - - 130,022.62 (130,000.00) - 22.62
12/17/2018 12/17/2018 3133EHVR1 RECEIVED ACCRUED INTEREST ON SALE OF F F C B DEB 2.2965% 8/24/20 - - - - - 193.09 - - -
12/17/2018 12/17/2018 12/17/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (630,591.90) 1.00 - - - 630,591.90 (630,591.90) - -
12/17/2018 12/17/2018 12/17/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 441,838.04 1.00 - - - (441,838.04) 441,838.04 - -
12/17/2018 47787XAC1
INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 438.2700
SHARES DUE 12/15/2018 $0.00148/PV ON 295,459.49 PV DUE 12/15/18 - - - - - 438.27 - - -
12/17/2018 12/15/2018 12/17/2018 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 (22,442.26) - - - - 22,442.26 (22,439.06) - 3.20
12/17/2018 58769DAD2
INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON
551.9200 SHARES DUE 12/15/2018 $0.00149/PV ON 370,000.00 PV DUE 12/15/18 - - - - - 551.92 - - -
12/17/2018 65478BAD3
INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700
SHARES DUE 12/15/2018 $0.00271/PV ON 200,000.00 PV DUE 12/15/18 - - - - - 541.67 - - -
12/17/2018 65479BAD2
INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300
SHARES DUE 12/15/2018 $0.00171/PV ON 220,000.00 PV DUE 12/15/18 - - - - - 375.83 - - -
12/17/2018 80284TAF2
INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 9.6900
SHARES DUE 12/15/2018 $0.00147/PV ON 6,571.84 PV DUE 12/15/18 - - - - - 9.69 - - -
12/17/2018 12/17/2018 12/17/2018 80284TAF2
PAID DOWN PAR VALUE OF SANTANDER DRIVE 1.770% 9/15/20 CMO FINAL
PAYDOWN (6,571.84) - - - - 6,571.84 (6,571.79) - 0.05
12/17/2018 89190BAD0
INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 762.6700
SHARES DUE 12/15/2018 $0.00147/PV ON 520,000.00 PV DUE 12/15/18 - - - - - 762.67 - - -
12/17/2018 89238MAD0
INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 526.0400
SHARES DUE 12/15/2018 $0.00144/PV ON 364,882.59 PV DUE 12/15/18 - - - - - 526.04 - - -
12/17/2018 12/15/2018 12/17/2018 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 (26,851.20) - - - - 26,851.20 (26,848.04) - 3.16
12/17/2018 90290AAC1
INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 198.3300
SHARES DUE 12/15/2018 $0.00142/PV ON 140,000.00 PV DUE 12/15/18 - - - - - 198.33 - - -
12/17/2018 12/13/2018 12/17/2018 9128284J6
SOLD PAR VALUE OF U S TREASURY NT 2.375% 4/30/20 /CITIGROUP GLOBAL
MARKETS INC./2,100,000 PAR VALUE AT 99.44140619 %(2,100,000.00) 0.99 - - - 2,088,269.53 (2,093,707.03) (5,437.50) -
12/17/2018 12/17/2018 9128284J6 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.375% 4/30/20 - - - - - 6,475.48 - - -
12/17/2018 12/13/2018 12/17/2018 9128284Q0
SOLD PAR VALUE OF U S TREASURY NT 2.500% 5/31/20 /BONY/TORONTO
DOMINION SECURITI/510,000 PAR VALUE AT 99.59375098 %(510,000.00) 1.00 - - - 507,928.13 (509,741.02) (1,812.89) -
12/17/2018 12/17/2018 9128284Q0 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 5/31/20 - - - - - 595.47 - - -
12/17/2018 9128284T4
INTEREST EARNED ON U S TREASURY NT 2.625% 6/15/21 $1 PV ON 640000.0000
SHARES DUE 12/15/2018 - - - - - 8,400.00 - - -
12/17/2018 12/13/2018 12/17/2018 9128285Q9
PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 11/30/20 /MLPFS
INC/FIXED INCOME/3,990,000 PAR VALUE AT 99.98046867 %3,990,000.00 1.00 - - - (3,989,220.70) 3,989,220.70 - -
12/17/2018 12/17/2018 9128285Q9
PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750%
11/30/20 - - - - - (5,124.52) - - -
12/17/2018 12/13/2018 12/17/2018 9128285R7
PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 12/15/21 /MLPFS
INC/FIXED INCOME/520,000 PAR VALUE AT 99.63281346 %520,000.00 1.00 - - - (518,090.63) 518,090.63 - -
12/17/2018 12/17/2018 9128285R7
PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625%
12/15/21 - - - - - (75.00) - - -
12/17/2018 12/13/2018 12/17/2018 912828XY1
SOLD PAR VALUE OF U S TREASURY NT 2.500% 6/30/20 /CITIGROUP GLOBAL
MARKETS INC./770,000 PAR VALUE AT 99.58593766 %(770,000.00) 1.00 - - - 766,811.72 (769,187.89) (2,376.17) -
12/17/2018 43451 912828XY1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 6/30/20 0.0000 0.000000 - - - 8,892.66 - - -
12/17/2018 43447 43451 91412HDJ9
PURCHASED PAR VALUE OF UNIV OF CA 3.283% 5/15/22 /BARCLAYS
CAPITAL INC. FIXED IN/285,000 PAR VALUE AT 100.351 %285,000.0000 1.003510 - - - (286,000.35) 286,000.35 - -
12/17/2018 43451 91412HDJ9 PAID ACCRUED INTEREST ON PURCHASE OF UNIV OF CA 3.283% 5/15/22 0.0000 0.000000 - - - (831.69) - - -
48
Page 33 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
12/17/2018 931142EA7
INTEREST EARNED ON WALMART STORES INC 1.900% 12/15/20 $1 PV ON 500000.0000
SHARES DUE 12/15/2018 0.0000 0.000000 - - - 4,750.00 - - -
12/18/2018 12/18/2018 12/18/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 223.7500 1.000000 - - - (223.75) 223.75 - -
12/18/2018 43814PAC4
INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 223.7500 SHARES
DUE 12/18/2018 $0.00149/PV ON 150,000.00 PV DUE 12/18/18 0.0000 0.000000 - - - 223.75 - - -
12/20/2018 05584PAD9
INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 172.5000
SHARES DUE 12/20/2018 $0.00173/PV ON 100,000.00 PV DUE 12/20/18 0.0000 0.000000 - - - 172.50 - - -
12/20/2018 12/20/2018 12/20/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 172.5000 1.000000 - - - (172.50) 172.50 - -
12/24/2018
TRUST FEES COLLECTED CHARGED FOR PERIOD 11/01/2018 THRU 11/30/2018
COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (535.15) - - -
12/24/2018 12/24/2018 12/24/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,765.7100 1.000000 - - - (7,765.71) 7,765.71 - -
12/24/2018 48125LRJ3
INTEREST EARNED ON JP MORGAN MTN 2.92506% 9/23/19 $1 PV ON 845000.0000
SHARES DUE 12/23/2018 0.0000 0.000000 - - - 6,314.75 - - -
12/24/2018 48125LRJ3
AMORTIZED PREMIUM ON JP MORGAN MTN 2.92506% 9/23/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (891.50) - -
12/24/2018 931142EJ8
INTEREST EARNED ON WALMART INC 3.125% 6/23/21 $1 PV ON 130000.0000
SHARES DUE 12/23/2018 0.0000 0.000000 - - - 1,986.11 - - -
12/26/2018 05582QAD9
INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 223.1700
SHARES DUE 12/25/2018 $0.00097/PV ON 230,868.57 PV DUE 12/25/18 0.0000 0.000000 - - - 223.17 - - -
12/26/2018 12/25/2018 12/26/2018 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 -24,623.9300 0.000000 - - - 24,623.93 (24,623.82) - 0.11
12/26/2018 3136B1XP4
INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 563.0700
SHARES DUE 12/25/2018 $0.00297/PV ON 189,800.50 PV DUE 12/25/18 0.0000 0.000000 - - - 563.07 - - -
12/26/2018 3136B1XP4
AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (91.05) - -
12/26/2018 12/25/2018 12/26/2018 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 -4,037.0600 0.000000 - - - 4,037.06 (4,101.93) (64.87) -
12/26/2018 3136B1XP4
INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 189800.5000
SHARES DUE 12/25/2018 PEN PAYMENT 0.0000 0.000000 - - - 5.74 - - -
12/26/2018 3137BNN26
INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 41.7700
SHARES DUE 12/25/2018 $0.00148/PV ON 28,158.19 PV DUE 12/25/18 0.0000 0.000000 - - - 41.77 - - -
12/26/2018 3137BNN26
AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (7.12) - -
12/26/2018 12/25/2018 12/26/2018 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 -57.3000 0.000000 - - - 57.30 (57.40) - (0.10)
12/26/2018 3137BPCF4
INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 35.0700
SHARES DUE 12/25/2018 $0.00115/PV ON 30,586.73 PV DUE 12/25/18 0.0000 0.000000 - - - 35.07 - - -
12/26/2018 12/25/2018 12/26/2018 3137BPCF4
PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 CMO FINAL
PAYDOWN -30,586.7300 2.817620 - - - 30,586.73 (30,586.48) - 0.25
12/26/2018 3137FGZN8
INTEREST EARNED ON F H L M C MLTCL 2.50688% 2/25/23 $1 PV ON 430.6700
SHARES DUE 12/25/2018 $0.00209/PV ON 206,154.28 PV DUE 12/25/18 0.0000 0.000000 - - - 430.67 - - -
12/26/2018 12/25/2018 12/26/2018 3137FGZN8 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.50688% 2/25/23 -14,141.3000 0.000000 - - - 14,141.30 (14,141.30) - -
12/26/2018 3137FJXN4
INTEREST EARNED ON F H L M C MLTCL 2.55688% 2/25/23 $1 PV ON 200000.0000
SHARES DUE 12/25/2018 0.0000 0.000000 - - - 426.15 - - -
12/26/2018 3137FJYA1
INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV ON 1093.7700
SHARES DUE 12/25/2018 $0.00288/PV ON 380,000.00 PV DUE 12/25/18 0.0000 0.000000 - - - 1,093.77 - - -
12/26/2018 12/25/2018 12/26/2018 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 -898.2100 0.000000 - - - 898.21 (898.19) 0.02 -
12/26/2018 12/26/2018 12/26/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 41,545.1900 1.000000 - - - (41,545.19) 41,545.19 - -
12/26/2018 12/26/2018 12/26/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 35,618.7500 1.000000 - - - (35,618.75) 35,618.75 - -
12/28/2018 3136G4SW4
INTEREST EARNED ON F N M A M T N 2.900% 6/28/21 $1 PV ON 260000.0000
SHARES DUE 12/28/2018 0.0000 0.000000 - - - 3,770.00 - - -
12/28/2018 12/28/2018 12/28/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,770.0000 1.000000 - - - (3,770.00) 3,770.00 - -
12/31/2018 053015AD5
AMORTIZED PREMIUM ON AUTOMATIC DATA 2.250% 9/15/20 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (609.55) - -
12/31/2018 06406FAA1
AMORTIZED PREMIUM ON BANK OF NY MTN 2.500% 4/15/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (615.87) - -
12/31/2018 06406HBM0
AMORTIZED PREMIUM ON BANK NY MELLON MTN 5.450% 5/15/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (1,113.84) - -
12/31/2018 13063BFS6
AMORTIZED PREMIUM ON CALIFORNIA ST BUILD 6.650% 3/01/22 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (5,215.09) - -
12/31/2018 13063DAB4
AMORTIZED PREMIUM ON CALIFORNIA ST HIGH 1.593% 4/01/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (6.47) - -
12/31/2018 13063DGA0
AMORTIZED PREMIUM ON CALIFORNIA ST 2.800% 4/01/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (11.58) - -
12/31/2018 13077CT38
AMORTIZED PREMIUM ON CALIFORNIA ST 1.982% 11/01/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (37.78) - -
12/31/2018 161571HC1
AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (0.90) - -
12/31/2018 166764AN0
AMORTIZED PREMIUM ON CHEVRON CORP 2.193% 11/15/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (249.44) - -
12/31/2018 166764AU4
AMORTIZED PREMIUM ON CHEVRON CORP 2.81992% 3/03/22 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (99.64) - -
12/31/2018 17275RAE2
AMORTIZED PREMIUM ON CISCO SYSTEMS INC 4.950% 2/15/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (4,486.32) - -
12/31/2018 3134GBTL6
INTEREST EARNED ON F H L M C M T N 2.100% 6/29/22 $1 PV ON 500000.0000
SHARES DUE 12/29/2018 0.0000 0.000000 - - - 5,250.00 - - -
12/31/2018 3136B1XP4
AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (20.79) - -
12/31/2018 3137BNN26
AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (1.66) - -
49
Page 34 of 34
Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM
Transaction
Date Trade Date
Settlement
Date CUSIP Description Units Price Commissions SEC Fees
Miscellaneous
Fees Net Cash Amount
Federal Tax Cost
Amount
Short Term
Gain/Loss
Amount
Long Term
Gain/Loss
Amount
Payden & Rygel Operating Portfolio Transaction Report
Quarter ended December 31, 2018
12/31/2018 12/31/2018 12/31/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -474,543.7500 1.000000 - - - 474,543.75 (474,543.75) - -
12/31/2018 45750TAG8
AMORTIZED PREMIUM ON INLAND VLY CA DEV 3.627% 3/01/20 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (501.97) - -
12/31/2018 48125LRJ3
AMORTIZED PREMIUM ON JP MORGAN MTN 2.92506% 9/23/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (91.88) - -
12/31/2018 649791EJ5
AMORTIZED PREMIUM ON NEW YORK ST REF SER 3.600% 9/01/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (3,233.38) - -
12/31/2018 649791EV8
AMORTIZED PREMIUM ON NEW YORK ST SER B 3.600% 2/15/19 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (1,810.99) - -
12/31/2018 76116FAE7
ACCREDITED DISCOUNT ON RESOLUTION FD CORP STRIP 10/15/20 CURRENT YEAR
TAXABLE OID 0.0000 0.000000 - - - - 2,163.63 - -
12/31/2018 857477AS2
AMORTIZED PREMIUM ON STATE STREET CORP 2.550% 8/18/20 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (1,130.15) - -
12/31/2018 882723UC1
AMORTIZED PREMIUM ON TEXAS ST REF WTR 2.036% 8/01/20 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (238.69) - -
12/31/2018 91159HHQ6
AMORTIZED PREMIUM ON US BANCORP MTN 3.12738% 1/24/22 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (219.13) - -
12/31/2018 9128284W7
AMORTIZED PREMIUM ON U S TREASURY NT 2.750% 8/15/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (419.25) - -
12/31/2018 9128285G1
AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 10/31/20 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (40.28) - -
12/31/2018 9128285L0
AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 11/15/21 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (42.10) - -
12/31/2018 12/28/2018 12/31/2018 9128285S5
PURCHASED PAR VALUE OF U S TREASURY NT 2.500% 12/31/20 /MLPFS INC/FIXED
INCOME/480,000 PAR VALUE AT 99.95703125 %480,000.0000 0.999570 - - - (479,793.75) 479,793.75 - -
12/31/2018 91412HDJ9
AMORTIZED PREMIUM ON UNIV OF CA 3.283% 5/15/22 CURRENT YEAR
AMORTIZATION 0.0000 0.000000 - - - - (12.21) - -
Total - - - 0.00 182,536.36 (38,185.62) (9,484.49)
50
SHORT DURATION FIXED INCOME
January 28, 2019
Riverside County
Transportation Commission
Logan Circle Partners, L.P. n MetLife Investment Management
One MetLife Way n Whippany, NJ 07981
ATTACHMENT 16
51
2
GLOBAL PRESENCE
➢Logan Circle Partners,L.P.(“Logan Circle”or “LCP”)is a MetLife,Inc.company and is part of MetLife
Investment Management (“MIM”),MetLife Inc.’s Institutional Investment Management Business.
➢MetLife has 49,000 employees worldwide with offices in more than 40 countries.
Whippany
Santiago
London
Hong
Kong
Philadelphia
Additional Investment OfficesRegional Investment Offices
52
3
LCP Employees LCP Clients
1 Based on unaudited estimates and are subject to change.Fee paying assets under management as of 12/31/18.
Assets by Client Type1
(Millions as of 12/31/2018)
Corporate $16,196
Sub-Advisory $14,687
Public $3,945
Health Care $1,163
Insurance $822
Non-Profit $150
Taft-Hartley $711
Other $964
TOTAL:$38,637
FIRM HIGHLIGHTS
121 Employees
(as of 12/31/2018)
Portfolio Management 10
Research 47
Trading 25
Risk Management / Portfolio Analytics 2
Client Services 16
Legal / Compliance 5
Administration / Operations 16
➢Logan Circle Partners,L.P.(“Logan Circle”or “LCP”)is
a MetLife,Inc.company and is part of MetLife
Investment Management,MetLife Inc.’s Institutional
Investment Management Business.
➢We are dedicated solely to the institutional
marketplace and have $38.6 billion1 in total assets
under management.
➢The senior members of our Investment team have
worked together on fixed income portfolios for 20
years.
➢Suite of fixed income investment strategies includes
broad coverage of both the risk spectrum (Enhanced
Cash to High Yield)and the term structure (Short-
Term to Long Duration).
Business Structure
MetLife
Insurance Investment
Management (MIM)
Logan Circle Partners
53
4
FIXED INCOME TEAM
54
5
CREDIT RESEARCH TEAM
55
6
➢GDP -Global growth diverges with the U.S.economy’s momentum continuing to be driven by the strong labor market and
stimulative fiscal policy.Although the pace of domestic growth is expected to move lower over the next year from 2018 levels,
consumer spending,aided by increases in business and government components will keep real GDP growth above its post-crisis
average.Expectations for a slower 2H19 reflect the diminishing impact of fiscal stimulus along with uncertainties over trade-
related issues,political brinksmanship and a slowdown in the housing market.Despite the expected slowdown in growth,the
probability of the economy slipping into a recession in 2019 remains remote.
➢Business -Readings from confidence measures like the NFIB Small Business Optimism Index and CEO Confidence Index,both
slightly below recent record highs,signal the business cycle is likely to extend further.Corporate fundamentals continue to benefit
from an economic backdrop with solid revenue growth,expanded operating margins and higher pre-tax earnings.General
weakness in other developed economies as well as ongoing trade-related uncertainties,support our preference for U.S.-centric
issuers such as banks,insurance and other financials.Late-cycle corporate behavior is evident in select non-financial subsectors
as companies ramp up M&A activity,share buybacks and dividend payouts.Production bottlenecks and supply chain disruptions
coupled with selected labor shortages could pressure operating margins in coming quarters.
➢Consumer -Strength of consumer spending,especially on services,will be sustained by increased wages and low
unemployment.Even as interest rates have moved higher,consumer confidence,while off of peak readings,remains near
historically high levels.U.S.real median household income has reached a record level.Debt service and financial obligations
ratios indicate that the consumer has delevered,supporting our premise that consumer spending will remain at levels sufficient to
sustain economic growth at an above-trend pace.The recent decline in oil prices bodes well for discretionary spending as
evidenced by strong holiday season retail sales.
➢Employment -The unemployment rate is expected to remain low barring a substantial upward move in the labor force
participation rate.The U.S.labor market remains historically tight by most indicators.The number of job openings continues to
exceed the amount of job seekers,which has translated into higher wages given the shallow pool of qualified job applicants.The
seasonally-adjusted U.S.Quits Rate has reached 17-year highs,further evidence of employee confidence.The Employment Cost
Index,which includes wages and employer-paid benefits,has risen as has average hourly earnings,both of which are at the
highest levels in nearly a decade.
➢Central Banks /International -While the ECB halted its QE program in December and committed to hold off on reducing its
balance sheet through year-end 2020,Europe’s weakened pace of economic growth and low inflation call into question the
aggressiveness of the ECB’s future monetary policy actions.Little progress on the Brexit front has been made to date,which may
continue to be a source of market uncertainty and currency volatility.Although signs point to a continued gradual slowdown in the
Chinese economy,the impact will be more directly felt by commodity-sensitive economies.China is expected to ultimately agree
to more cosmetic trade-related concessions,which will not significantly impact the U.S.economy but will certainly improve market
sentiment.
➢Residential /Commercial Real Estate -The pace of home price appreciation continues to moderate as mortgage rates and tax
law changes create headwinds.Slowing home sales metrics confirm the broader trend although less expensive properties
continue to outperform higher priced properties.With affordability declining,buying appears increasingly less appealing compared
to renting,especially for first-time home buyers and lower income households.Multifamily properties will benefit as rental vacancy
rates remain low.Led by the strength in multifamily,commercial property prices remain stable but with prices currently at record
levels,further appreciation should be modest.Lower quality mall properties continue to struggle given the challenges faced by
the retail sector while heavy recent supply pushes office vacancies higher in some geographic areas.
➢U.S.Monetary &Fiscal Policy -Markets are currently discounting the Federal Reserve’s projected policy moves despite the
underlying strength of the economy.Fed members have reasserted their focus on data dependence in an effort to shift market
reliance away from forward guidance.Based in part on their lowered expectations for growth and inflation,the Fed reduced their
estimate of the long-term neutral policy rate to 2.75%.Higher fiscal spending and deficits,while stimulative to economic activity,
also result in elevated Treasury net issuance,making the upcoming expiration of the debt ceiling waiver in March more
consequential.The Federal Reserve continues to shrink its balance sheet,resulting in lower bank reserves in furtherance of their
tightening agenda.
➢Inflation -Recent softness in headline inflation stems primarily from weakness in oil prices.Core CPI remains above the Federal
Reserve’s 2%target and is unlikely to decline given the strength in wages.The recent downtick in Core PCE was due to lower
readings in healthcare services,the largest index component.This trend is unlikely to be sustained.University of Michigan one-
year consumer inflation expectations have eased slightly from the highs made in third-quarter 2018.
The views presented above are Logan Circle's and are subject to change over time.There can be no assurance that the views expressed above will prove accurate and should not be relied upon as a reliable indicator of future events.
OUTLOOK AND CURRENT THEMES
56
7
PORTFOLIO REVIEW –2017 Toll Revenue I-15 Project Fund
1Past performance is not indicative of future results.The Since Inception performance returns of the portfolio is as of the first full month following the funding date.The performance benchmark shown for the
Riverside County I-15 Express Lanes 2017 Toll Revenue Project Portfolio is the ICE BofAML 0-2 Year U.S.Treasury Index,which is a broad-based index consisting of U.S.Treasury securities with an
outstanding par greater than or equal to $1 billion and a maturity range from zero to two years,reflecting total return.
Portfolio Performance1 4Q 2018 YTD
Since
Inception
(8/1/2017)
2017 Toll Revenue I-15 Project Fund (Gross of Fees)0.61%1.92%1.66%
2017 Toll Revenue I-15 Project Fund (Net of Fees)0.58%1.83%1.57%
ICE BofAML U.S. Treasury Index 0-2 Year 0.83%1.79%1.36%
FTSE 6-Month Treasury Bill 0.58%1.91%1.68%
Asset AllocationPortfolio Characteristics
As of December 31, 2018 Actual Portfolio
Yield to Maturity 2.82%
Duration 0.33 Years
Average Quality (Moody’s)Aa3
Portfolio Market Value $76,231,006
As of September 30, 2018 Actual Portfolio
Yield to Maturity 2.42%
Duration 0.45 Years
Average Quality (Moody’s)Aa3
Portfolio Market Value $75,772,308
Corporate
35%
Municipal
6%
Agency
2%
CMBS
4%
ABS
13%Treasury
15%
CP
22%
CD
3%
Corporate
36%
Municipal
5%
Agency
2%
CMBS
1%
ABS
10%Treasury
19%
CP
24%
57
8
PORTFOLIO REVIEW –2013 SR-91 Project Residual
1Past performance is not indicative of future results.Inception date 1/4/18.Performance returns are calculated as of the first full month following the funding date.The performance benchmark shown for theRiversideCounty2013ResidualFundPortfolioistheICEBofAML1-3 Year U.S.Treasury Index,which is a broad-based index consisting of U.S.Treasury securities with an outstanding par greater than or
equal to $1 billion and a maturity range from one to three years,reflecting total return.
Asset AllocationPortfolio Characteristics
Portfolio Performance1 4Q 2018 Since Inception
(2/1/2018)
Riverside County 2013 SR-91 Project Residual Fund (Gross of Fees)0.82%1.86%
Riverside County 2013 SR-91 Project Residual Fund (Net of Fees)0.79%1.77%
ICE BofAML U.S. Treasury Index 1-3 Year 1.29%1.88%
ICE BofAML U.S. Treasury Index 0-2 Year 0.83%1.80%
As of December 31, 2018 Actual Portfolio
Yield to Maturity 2.86%
Duration 1.10 Years
Average Quality (Moody’s)Aa2
Portfolio Market Value $13,878,556
Corporate
43%
Municipal
3%
Agency
2%RMBS
3%
CMBS
4%
ABS
12%
Treasury
33%
As of September 30, 2018 Actual Portfolio
Yield to Maturity 2.81%
Duration 1.37 Years
Average Quality (Moody’s)Aa2
Portfolio Market Value $6,616,646
Corporate
38%
Municipal
1%
Agency
3%
RMBS
3%
CMBS
5%
ABS
8%
Treasury
33%
CP
9%
58
9
PORTFOLIO REVIEW –2017 Toll Revenue I-15 Ramp Up Reserve
1Past performance is not indicative of future results.Inception date 12/5/17.Performance returns are calculated as of the first full month following the funding date.The performance benchmark shown fortheRiversideCountyI-15 Express Lanes Toll Revenue Reserve Portfolio is the ICE BofAML 1-3 Year U.S.Treasury Index,which is a broad-based index consisting of U.S.Treasury securities with an
outstanding par greater than or equal to $1 billion and a maturity range from one to three years,reflecting total return.
Asset AllocationPortfolio Characteristics
As of December 31, 2018 Actual Portfolio
Yield to Maturity 2.63%
Duration 1.30 Years
Average Quality (Moody’s)Aaa
Portfolio Market Value $8,068,645
Portfolio Performance1 4Q 2018 Since Inception
(1/1/2018)
2017 Toll Revenue I-15 Ramp Up Reserve (Gross of Fees)0.91%2.17%
2017 Toll Revenue I-15 Ramp Up Reserve (Net of Fees)0.89%2.07%
ICE BofAML U.S. Treasury Index 1-3 Year 1.29%1.58%
ICE BofAML U.S. Treasury Index 0-2 Year 0.83%1.79%
As of September 30, 2018 Actual Portfolio
Yield to Maturity 2.73%
Duration 1.41 Years
Average Quality (Moody’s)Aaa
Portfolio Market Value $7,995,779 Agency
6%
RMBS
32%
CMBS
25%
Treasury
37%
Agency
9%
RMBS
30%
CMBS
14%
Treasury
47%
59
10
PORTFOLIO REVIEW –Debt Reserve Fund
Portfolio Performance1 4Q 2018 YTD Since Inception
(8/1/2013)
Total Debt Service Fund (Gross of Fees)1.82%1.15%1.96%
Total Debt Service Fund (Net of Fees)1.80%1.05%1.86%
ICE BofAML U.S. Treasury Index 3-7 Year 2.66%1.47%1.61%
1Past performance is not indicative of future results.Performance returns for periods greater than one year are annualized.The performance benchmark shown for the Riverside County Debt Reserve Fund
is the ICE BofAML US Treasury 3-7 Year,which is a broad-based index consisting of U.S.Treasury securities with an outstanding par greater or equal to $1 billion and a maturity range from three to seven
years,inclusive,reflecting total return.
Asset AllocationPortfolio Characteristics
As of December 31, 2018 Actual Portfolio
Yield to Maturity 2.80%
Duration 3.17 Years
Average Quality (Moody’s)Aaa
Portfolio Market Value $18,167,370
Agency
14%RMBS
9%
CMBS
34%
Treasury
43%
As of September 30, 2018 Actual Portfolio
Yield to Maturity 3.14%
Duration 3.39 Years
Average Quality (Moody’s)Aaa
Portfolio Market Value $17,842,317
Agency
14%RMBS
11%
CMBS
33%
Treasury
42%
60
11
RCTC PORTFOLIOS
Portfolio
Beginning
Market Value
(7/24/2017)
Net Flows Market Value
(12/31/2018)
Change in
Market Value
2017 Toll Revenue I-15 Project Fund $98,562,718 ($24,314,075)$76,231,006 +$1,982,363
Beginning
Market Value
(12/5/2017)
2017 Toll Revenue I-15 Ramp Up Reserve $7,723,487 $166,500 $8,068,645 +$178,658
Total Project $106,286,205 ($24,147,575)$84,299,651 +$2,161,021
2017 I-15 Project
Portfolio
Beginning
Market Value
(1/16/2018)
Net Flows Market Value
(12/31/2018)
Change in
Market Value
2013 SR-91 Project Residual Fund $3,292,782 $10,422,641 $13,878,556 +$163,133
2013 SR 91 Reserve and Residual Funds
Portfolio
Beginning
Market Value
(7/3/2013)
Net Flows Market Value
(12/31/2018)
Change in
Market Value
Debt Service Reserve Fund $17,667,869 ($1,274,770)$18,167,370 +$1,774,271
61
12
DISCLAIMERS
In general.This disclaimer applies to this document and the verbal or written comments of any person presenting it.This
document,taken together with any such verbal or written comments,is referred to herein as the “Presentation.”Logan Circle
Partners,L.P.,a MetLife,Inc.company,is referred to herein as “Logan Circle”and is part of MetLife,Inc.’s institutional
investment management business.
No offer to purchase or sell securities.This Presentation is being provided to you,at your specific request.This
Presentation does not constitute an offer to sell or a solicitation of an offer to buy any security and may not be relied upon in
connection with the purchase or sale of any security.
Projections.Projections contained in this Presentation are based on a variety of estimates and assumptions by Logan Circle,
including,among others,estimates of future operating results,the value of assets and market conditions at the time of
disposition,and the timing and manner of disposition or other realization events.These estimates and assumptions are
inherently uncertain and are subject to numerous business,industry,market,regulatory,competitive and financial risks that
are outside of Logan Circle’s control.There can be no assurance that the assumptions made in connection with the
projections will prove accurate,and actual results may differ materially,including the possibility that an investor may lose
some or all of its invested capital.The inclusion of the projections herein should not be regarded as an indication that Logan
Circle or any of its affiliates considers the projections to be a reliable prediction of future events and the projections should not
be relied upon as such.Neither Logan Circle nor any of its affiliates or representatives has made or makes any representation
to any person regarding the projections and none of them intends to update or otherwise revise the projections to reflect
circumstances existing after the date when made or to reflect the occurrence of future events,if any or all of the assumptions
underlying the projections are later shown to be in error.For purposes of this paragraph,the term “projections”includes
“targeted returns”.
Past performance.Past performance is not a reliable indicator of future results and should not be relied upon as the basis for
making an investment decision.The information presented is only available for institutional client use.
No reliance,no update and use of information.You may not rely on this Presentation as the basis upon which to make an
investment decision.To the extent that you rely on this Presentation in connection with any investment decision,you do so at
your own risk.This Presentation is being provided in summary fashion and does not purport to be complete.The information
in the Presentation is provided to you as of the dates indicated and Logan Circle does not intend to update the information
after its distribution,even in the event that the information becomes materially inaccurate.Certain information contained in
this Presentation includes performance and characteristics of Logan Circle’s strategies and any represented benchmarks,
which may derive from calculations or figures that have been provided by independent third parties,or have been prepared
internally and have not been audited or verified.Use of different methods for preparing,calculating or presenting information
may lead to different results for the information presented,compared to publicly quoted information,and such differences may
be material.
Knowledge and experience.You acknowledge that you are knowledgeable and experienced with respect to the financial,
tax and business aspects of this Presentation and that you will conduct your own independent financial,business,regulatory,
accounting,legal and tax investigations with respect to the accuracy,completeness and suitability of this Presentation should
you choose to use or rely on this Presentation,at your own risk,for any purpose.
Risk of loss.An investment in the strategy will be highly speculative and there can be no assurance that the strategy’s
investment objectives will be achieved.Investors must be prepared to bear the risk of a total loss of their investment.
Distribution of this Presentation.Logan Circle expressly prohibits any reproduction,in hard-copy,electronic or any other
form,or any redistribution to any third party of this Presentation without the prior written consent of Logan Circle.This
Presentation is not intended for distribution to,or use by,any person or entity in any jurisdiction or country where such
distribution or use is contrary to local law or regulation.
No tax,legal or accounting advice.This Presentation is not intended to provide,and should not be relied upon for (and you
shall not construe it as)accounting,legal,regulatory,financial or tax advice or investment recommendations.Any statements
of U.S.federal tax consequences contained in this Presentation were not intended to be used and cannot be used to avoid
penalties under the U.S.Internal Revenue Code or to promote,market or recommend to another party any tax-related matters
addressed herein.
Confidentiality.By accepting receipt or reading any portion of this Presentation,you agree that you will treat the
Presentation confidentially.This reminder should not be read to limit,in any way,the terms of any confidentiality agreement
you or your organization may have in place with Logan Circle.
L0119511604[exp0619][All States]
62
QUARTERLY PORTFOLIO REVIEWQUARTERLY PORTFOLIO REVIEW
PAYDEN.COM
LOS ANGELES | BOSTON | LONDON | MILAN
4th Quarter 2018
ATTACHMENT 17
63
January 2019
Last year marked the 35th year since the founding of Payden & Rygel. During this time financial markets have
experienced wide fluctuations reflecting economic, political and financial changes. But, we have all survived.
I’d like first to take a minute and focus on the things we think are most important to our success: our culture,
governance structure and client focus. None of these key ingredients have changed during our history. These
elements are vitally important to the stability and protection of client funds and investment results.
Second, the global financial markets were volatile this past year, and it is very difficult to identify trends in
such an environment. Back to basics then. The U.S. economy remains healthy. We are finishing a year where
the consumer has enjoyed real wage growth, near-full employment and balance sheets that are in the best
shape since 2008.
However, the global picture is murky. The UK and Europe are contending with Brexit as the March 2019
deadline for an agreement looms. Another big question is whether China’s economy faces a more significant
slowdown. Risks remain, but we’re optimistic the global economy can withstand the varied headwinds and
grow in the year ahead.
Turning back to basics. As far as our clients are concerned, we continue to provide a wide array of global,
customized solutions with an emphasis on fixed income markets. Over the past five years, our assets have
grown by almost 40%, to $112 billion.
My very best wishes to you and your family for health and happiness in 2019.
Warm regards,
Joan A. Payden
President & CEO
LETTER FROM THE CEO
64
Riverside County Transportation Commission 2812
Portfolio Review and Market Update - 4th Quarter 2018
PORTFOLIO CHARACTERISTICS (As of 12/31/2018)
$52.0 millionPortfolio Market Value
AA+Weighted Average Credit Quality
1.57 yearsWeighted Average Duration
2.72%Weighted Average Yield to Maturity
DURATION DISTRIBUTION
0%
10%
20%
30%
40%
50%
0 - 1 1 - 2 2 - 3 3+
Years
SECTOR ALLOCATION
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%TreasuriesCreditRevenueAgenciesAsset-BackedGOMortgage-BackedPORTFOLIO RETURNS - Periods Ending 12/31/2018
2018
Since
Inception
(3/1/15)
4th
Quarter
RCTC Operating Portfolio 1.08% 1.82% 1.03%
ICE BofAML 1-3 Year US Treasury Index 1.29% 1.58% 0.82%
Periods over one year are annualized
Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com65
Portfolio Review and Market Update - 4th Quarter 2018 2812
MARKET THEMES
The fourth quarter saw an increase in market volatility as investors reduced risk and looked to safe-haven
assets. The FOMC raised its targeted range for the Fed Funds rate to 2.25% - 2.50% in December, the fourth
interest rate hike of 2018, and forecast two more 0.25% increases in 2019. While prospects for U.S. growth
remained strong, the Fed’s message of future interest rate hikes and the balance sheet unwind in the face of
volatile markets exacerbated market fluctuations. Geopolitical risks remain as uncertainty over the U.S./China
relationship, concerns surrounding emerging markets, populism in Europe and Brexit drove a negative tone
across broad risk assets. Treasury yields declined, credit risk premiums increased, and equity prices fell by
over 10%. Despite elevated market volatility, the front end of the yield curve was able to provide positive total
returns.
STRATEGY
The portfolio continued to hold a diversified mix of non-government sectors to increase income.n
We slightly decreased our duration underweight in early December to capture price returns as yields
moved lower. Nonetheless, our overall duration underweight and position along the curve contributed to the
portfolio's underperformance vs. the benchmark this quarter.
n
We maintained a bias towards a shorter average maturity profile of non-Treasury sectors to limit the
portfolio sensitivity to changes in credit risk premiums.
n
INTEREST RATES
Short U.S. Treasury yields fell with the two-year maturity falling by 0.33% to 2.49%. The slope between
two- and five-year maturities continued its flattening trend, falling 11 basis points to end the quarter at
0.02% after spending most of December inverted with the differential as low as -0.04%.
n
While our short duration position detracted from performance, our duration extension in December was
beneficial to the portfolio as Treasury yields fell.
n
One-month LIBOR rose 0.24% to 2.50% and three-month LIBOR rose 0.41% to 2.81%.n
SECTORS
Corporate securities underperformed Treasuries during the quarter, as spreads moved wider offsetting
their yield advantage. However, our reduction in spread duration during the year was beneficial.
n
High-quality asset-backed securities outperformed corporate credit but underperformed Treasuries as
securitized spreads also widened.
n
Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com66
MARKET PERSPECTIVE
The year 2018 may turn out to be one most investors would soon like to forget. In fact, according to data collected by
Deutsche Bank that looks at equity, bond, credit and commodities indices in 30 countries since 1900, last year featured
the largest proportion of indices on record ending the year with a negative total return (see Figure 1). However, this paints
too pessimistic a picture for the past three years.
First, while 2018 saw many indices in the red, 2017—just one year prior—saw the fewest indices post negative returns
on record! That’s right, 2017 was a banner year—no surprise then that many asset classes struggled in 2018.
Second, not every asset class posted a negative
return. For example, holding U.S. Treasuries and
tax-exempt municipal bonds yielded positive total
returns in 2018, and even the U.S. Agg eked out
one basis point (see Figure 2). Further, even though
the U.S. equity market had a down year, newspa-
per headlines (e.g., “Worst Year For Stocks In A
Decade”) overstate the magnitude of the decline.
At -4.4% the annual total return on the S&P 500
is well within normal historical ranges and pales
in comparison to the almost -37% total return in
2008.
Third, we believe that while market prices moved
significantly as 2018 drew to a close, the U.S. econ-
omy remains on solid footing for another year of
economic growth. The global economy has slowed,
but we still expect global economic activity to re-
main modestly positive in 2019. Economic cycles
do not die of old age and while we do expect vola-
tility to continue around the world, we do not ex-
pect a U.S. or global recession in 2019.
For asset class returns, perhaps it’s best not to ex-
pect a repeat of 2018.
Figure 2 : 2018 Index Total Returns
Source: Bloomberg, JP Morgan, Bloomberg Barclays, Payden Calculations
Figure 1 : Proportion of Indices With Negative Total Returns, Since 1901
Source: Deutsche Bank
0%
20%
40%
60%
80%
100%
1901 1910 1919 1928 1937 1946 1955 1964 1973 1982 1991 2000 2009 2018Percent of All Indices-15% -10% -5% 0% 5%
-14.49%MSCI EM
-8.20%MSCI World
-4.39%S&P 500
-4.26%Emerging Markets Bond
-2.51% U.S. Inv Grade Corps
-2.08%U.S. High Yield Corps
-1.37%U.S. Taxable Muni
-1.20%Global Aggregate
0.01%U.S. Aggregate
0.80%U.S. Treasury
1.28%U.S. Tax-Exempt Munis
2.08%3-Month LIBOR
Total Return
67
LOS ANGELES
333 South Grand Avenue
Los Angeles, California 90071
213 625-1900
BOSTON
265 Franklin Street
Boston, Massachusetts 02110
617 807-1990
LONDON
1 Bartholmew Lane
London EC2N 2AX
United Kingdom
+ 44 (0) 20-7621-3000
MILAN
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20121
Milan, Italy
+39 02 76067111
PAYDEN.COM
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CASH BALANCE
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EQUITY
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GLOBAL FIXED INCOME
Emerging Markets Bond Fund
Emerging Markets Corporate Bond Fund
Emerging Markets Local Bond Fund
Global Fixed Income Fund
Global Low Duration Fund
TAX-EXEMPT FIXED INCOME
California Municipal Income Fund
U.S. FIXED INCOME
Absolute Return Bond Fund
Cash Reserves Money Market Fund
Core Bond Fund
Corporate Bond Fund
Floating Rate Fund
GNMA Fund
High Income Fund
Limited Maturity Fund
Low Duration Fund
Strategic Income Fund
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EQUITY
Global Equity Income Fund
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LIQUIDITY FUNDS
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Sterling Reserve Fund
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FIXED INCOME
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Global Bond Fund
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For more information about Payden & Rygel’s funds, contact us at a location listed below.
68
County of Riverside
Treasurer’s Pooled Investment Fund
December 2018
ATTACHMENT 18
69
Contents
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1
2| Treasurer’s Pooled Investment Fund
3| Economy
4| Market Data
6| Portfolio Data
8| Compliance Report
9| Month End Holdings
Hot air balloons over Lake Skinner in Temecula, Southwest Riverside County, CA. Digital Image. NBC San Diego. http://www.nbcsandiego.com/news/local/temecula-valley-2014-balloon-wine-festival-north-san-diego-261142951.html
70
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 2
The Treasurer’s Pooled Investment Fund is comprised of contributions from the county,
schools, special districts, and other discretionary depositors throughout the County of Riverside.
The primary objective of the treasurer shall be to safeguard the principal of the funds under the
treasurer's control, meet the liquidity needs of the depositor, and to maximize a return on the
funds within the given parameters.
The Treasurer-Tax Collector and the Capital Markets team are committed to maintaining
the highest credit ratings. The Treasurer’s Pooled Investment Fund is currently rated Aaa-bf by
Moody’s Investor Service and AAAf/S1 by Fitch Ratings, two of the nation’s most trusted bond
credit rating services.
Since its inception, the Treasurer’s Pooled Investment Fund has been in full compliance
with the Treasurer’s Statement of Investment Policy, which is more restrictive than California
Government Code 53646.
Treasurer’s Statement Capital Markets Team
Jon Christensen
Treasurer-Tax Collector
Giovane Pizano
Chief Investment Manager
Steve Faeth
Sr. Investment Manager
Isela Licea
Assistant Investment Manager
Jake Nieto
Administrative Services Assistant
Treasurer’s Pooled Investment Fund
6-Month Pool Performance
Gridlock in the U.S. Federal Government,
trade uncertainty, and fears of a global eco-
nomic slowdown fueled a 2,400+ point drop
in the Dow Jones Industrial Average stock
index, marking an uncharacteristically vola-
tile December for equity markets. Neverthe-
less, the U.S. economy continued its expan-
sion in December.
The U.S. Federal Reserve Bank (FED) cited
a solid economic backdrop when it raised
rates by 25 basis points (bps) on December
19. Real GDP for 3Q18 was revised slightly
downward from a seasonally adjusted annu-
alized rate of 3.50% to a still strong 3.40%,
consumer spending and job growth continue
to expand strongly, the unemployment rate
persists at 3.70%, and the housing sector con-
tinues to decelerate. The inflation rate for all
goods and services has fallen in line with the
core inflation rate (i.e. all goods and services
minus food and energy) at 2.20%, which is
broadly attributed to the recent plunge in
global oil prices (see page 5).
In a strong economic environment, feder-
al and corporate debt remain elevated.
Federal debt as a percent of GDP crossed
the 100% threshold for the first time in 3Q12,
and sits at 104% as of 3Q18. Additionally,
corporate debt-to-GDP persists above long-
term trends. However, consumer debt-to-
GDP remains firmly below long-term trends
(Federal Reserve).
The gridlock in Washington over the feder-
al budget pushed the government into a
shutdown on December 22, increasing fear
over the debt ceiling deadline in March.
Fears of a repeat of the 2011 debt-ceiling
crisis resurface, when S&P downgraded the
U.S. Federal Government’s credit rating from
AAA to AA+. No one knows for sure what will
happen. The U.S. has never gone into default
before, but the elevated uncertainty may
contribute to a flight to quality in the fixed
income markets.
Uncertainty in global trade persists. The
U.K. and E.U. have yet to finalize an agree-
ment regarding Brexit, and there is no telling
if the matter will be resolved in a timely man-
ner. At the G20 summit on December 1 in
Argentina, the U.S. agreed to halt any esca-
lation of tariffs until March 2. If no agreement
is made by that date, then standing tariffs on
$200bn of Chinese goods may be raised
from 10% to 25%. A resolution on either deal
would be beneficial for global trade and,
thus, for U.S. economic growth.
In our local economy, Riverside County’s
population rose by more than 27,000 people
in 2018, making it number one in the state for
population growth (Press Enterprise). Growth
in nonfarm jobs and the median sales price
for single-family homes respectively indicate
that the local job market and real estate
sector are moderating in growth – mimicking
trends statewide.
With December’s 2,400+ point drop in the
Dow Jones Industrial Average stock index,
the Treasury bond market saw a very strong
flight-to-quality rally. 2-year yields were driv-
en down from 2.83% to 2.48%, while 5-year
yields were driven down from 2.83% to 2.51%.
To put this into perspective, for every $100
million invested, a drop of 35 bps in interest
would reduce interest income by $29,166 per
month for new investments made at the
lower rate.
After raising rates by 25 bps in December,
the Federal Reserve lowered expectations
for the number of interest rate hikes in 2019,
versus an earlier expectation of at least two
more 25 basis point hikes during the year. The
Treasurer’s Pooled Investment Fund is well
positioned to handle anticipated changes in
markets, and especially to maintain its com-
mitment to safety, liquidity, and yield.
Jon Christensen
Treasurer-Tax Collector
Monthly Commentary
Government(s) Showdown, Stocks Go Down
Month End Market
Value ($)*
Month End Book
Value ($)
Paper Gain
or Loss ($)
Paper Gain or
Loss (%)
Book Yield
(%) WAM (Yrs)
18-Dec 7,490,825,981.43 7,504,164,940.07 (13,338,958.64) -0.17% 2.27 1.00
18-Nov 6,126,655,569.85 6,157,254,222.68 (30,598,652.83) -0.50% 2.18 1.16
18-Oct 5,810,376,697.47 5,848,258,037.08 (38,077,575.20) -0.66% 2.09 1.16
18-Sep 6,010,617,673.04 6,046,972,952.10 (36,355,279.06) -0.60% 2.01 1.16
18-Aug 5,911,098,915.70 5,941,969,016.43 (30,870,100.73) -0.52% 1.96 1.20
18-Jul 5,978,974,759.31 6,015,426,250.42 (36,451,491.11) -0.61% 1.92 1.24
*Market values do not include accrued interest.
71
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 3
Key Economic Indicators
While U.S. economic growth slows, consumer spending en-
dures as key driver for the economy. [Bloomberg; 01/03/2019]
Nonfarm payrolls were weaker than expected in November,
but annual growth remains steady. [FRED; 01/07/2019]
On faltering price of oil, the total inflation rate has fallen and
real wages have received a boost. [Reuters; 01/07/2019]
The Federal deficit for 2018, at 4.6% of GDP, is “unprecedented
in current economic conditions.” [CFRB; 01/07/2019]
National Economy
Economy
California state government is expected to have a $29bn
surplus in the 2019-2020 fiscal year. [Politifact; 01/07/2019]
The CA Legislative Analyst’s Office expects annual growth for
nonfarm payrolls to decline to 1% by 2020. [LAO; 01/07/2019]
California added 214,625 residents in the year ended June 30,
2018. Riverside County added 27, 386 residents, leading all CA
counties in population growth.[Press Enterprise; 12/28/2018].
Despite recent moderation, job growth in the Inland Empire
exceeds state and national rates. [FRED; 01/07/2019]
State Economy
U.S. Total Public Debt as a Percent of GDP Nonfarm Payrolls
U.S. Earnings and Inflation
*Note: Shaded areas indicate U.S. recessions.
Release Date Indicator Actual Consensus Difference
12/21/2018 Real GDP - Q/Q Change - SAAR - 3Q18 (3rd estimate) 3.40% 3.50% -0.10%
12/07/2018 Unemployment Rate - Seasonally Adjusted 3.70% 3.70% 0.00%
12/07/2018 Non-Farm Payrolls - M/M Change 155,000 190,000 -35,000
12/12/2018 CPI - Y/Y Change 2.20% 2.20% 0.00%
12/12/2018 CPI Ex Food and Energy - Y/Y Change 2.20% 2.20% 0.00%
12/06/2018 Non-Manufacturing Index (> 50 indicates growth) 60.7 59.0 1.70
12/19/2018 Existing Home Sales - SAAR - Millions of Units 5.32 5.19 0.13
12/06/2018 Factory Orders - M/M Change -2.10% -2.00% -0.10%
12/21/2018 Durable Goods Orders - New Orders - M/M Change 0.80% 1.40% -0.60%
*Note: ‘IE’ refers to the Riverside -San Bernardino metropolitan area.
1.00%
1.50%
2.00%
2.50%
3.00%
Real Personal Spending
Real Disposable Personal Income
U.S. Real Personal Spending and
Real Personal Income - Y/Y SAAR
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
0
100
200
300
400
Thousands Nat'l Nonfarm Jobs - M/M (Left)
Nat'l Nonfarm Jobs - Y/Y % (Right)
CA Nonfarm Jobs - Y/Y % (Right)
IE Nonfarm Jobs Added - Y/Y % (Right)
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%Average Hourly Earnings
Average Weekly Earnings
CPI: Less Food and Energy
CPI: All Items
Jul-18, 104.2%
20.0%
40.0%
60.0%
80.0%
100.0%
72
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 4
U.S. Treasury Curve
The US Treasury Curve and its forecasted values are subject to frequent change and will be updated monthly with each
issued TPIF report.
Market Data
Fed Funds Target Rate (Upper Limit)
FOMC Meeting 12/19/2018
The FOMC stated that data received since their last meeting in November “indicates that the labor market has contin-
ued to strengthen and that economic activity has been rising at a strong rate.”
The Federal Open Market Committee raised the Fed Funds Target Rate to 2.25—2.50% from 2.00—2.25%.
“The Committee judges that risks to the economic outlook are roughly balanced, but will continue to monitor global
economic and financial developments and assess their implications for the economic outlook,” stated the FOMC in
their December 19 press release.
1.00%
1.50%
2.00%
2.50%
3.00%
1.50
2.00
2.50
3.00
3.50
0 5 10 15 20 25 30Yield (%)Years
12/03/2018 12/31/2018
Treasury Curve Differentials 3 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 10 Yr 30 Yr
12/31/2018 - 12/03/2018 0.07 0.00 -0.09 -0.35 -0.38 -0.32 -0.29 -0.25
12/31/2018 2.45 2.56 2.63 2.48 2.46 2.51 2.69 3.02
12/03/2018 2.38 2.56 2.72 2.83 2.84 2.83 2.98 3.27
73
* Values listed on this page are in US dollars and are based on the final business day of each month.
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 5
Market Data cont’d
Commodities
Stocks
50.00
55.00
60.00
65.00
70.00
75.00
80.00
85.00
90.00
95.00
70.00
90.00
110.00
130.00
150.00
170.00
190.00
210.00
Industrial Metals (left)Precious Metals (left)
Iron Ore (right)
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
44.00
49.00
54.00
59.00
64.00
69.00
74.00
79.00
Nymex Crude (left)Nymex Nat Gas (right)
Ethanol (right)
22,000.00
24,000.00
26,000.00
28,000.00
Dow Jones
2,400.00
2,600.00
2,800.00
3,000.00
6,000.00
6,500.00
7,000.00
7,500.00
8,000.00 NASDAQ 100
(Left)
S&P 500 (right)
74
The County of Riverside’s Treasurer’s Pooled Investment Fund is currently rated AAA-bf by Moody’s Investor Service and
AAAf/S1 by Fitch Ratings.
Moody’s Asset Rating (000’s)
S&P Asset Rating (000’s)
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 6
Portfolio Data
Based on historic and current financial conditions within the County, the Pool is expected to maintain sufficient liquidity o f
funds to cover County expenses for the next twelve months.
* Values listed in Cash Flow Table are in millions of USD.
Aaa
57%
Aa1
10%Aa2
6%
Aa3
10%A1
<1%
NR
17%
AAA
4%AA+
57%
AA
3%
AA-
17%
A+
2%
NR
17%
12-Month Projected Cash Flow
Book MKT/Book % Book Yield
Aaa 4,281,317.18 99.60% 57.05% 2.13%
Aa1 716,741.29 100.13% 9.55% 2.52%
Aa2 454,875.83 100.11% 6.06% 2.51%
Aa3 776,106.14 100.32% 10.34% 2.53%
A1 25,000.00 100.00% 0.33% 2.51%
NR 1,250,124.50 100.00% 16.66% 2.36%
Totals: 7,504,164.94 99.82% 100.00% 2.27%
Book MKT/Book % Book Yield
AAA 324,731.15 100.33% 4.33% 2.34%
AA+ 4,283,056.65 99.60% 57.08% 2.13%
AA 193,025.70 100.48% 2.57% 2.58%
AA- 1,298,226.94 100.14% 17.30% 2.54%
A+ 155,000.00 100.00% 2.07% 2.63%
NR 1,250,124.50 100.00% 16.66% 2.36%
Totals: 7,504,164.94 99.82% 100.00% 2.27%
Month
Monthly
Receipts
Monthly
Disbursements Difference
Required
Matured
Investments Balance
Actual
Investments
Maturing
Available to
Invest > 1 Year
01/2019 96.35
01/2019 1,000.00 2,100.00 (1,100.00) 1,003.65 - 1,127.03
02/2019 850.00 1,050.00 (200.00) 200.00 - 458.14
03/2019 1,350.00 1,200.00 150.00 150.00 233.31
04/2019 2,000.00 1,300.00 700.00 850.00 16.10
05/2019 1,200.00 2,050.00 (850.00) - 274.46
06/2019 1,050.00 1,850.00 (800.00) 800.00 - 249.09
07/2019 969.28 1,250.00 (280.72) 280.72 - 216.58
08/2019 900.00 1,200.00 (300.00) 300.00 - 201.24
09/2019 1,100.00 1,200.00 (100.00) 100.00 - 101.73
10/2019 1,100.00 1,300.00 (200.00) 200.00 - 174.28
11/2019 1,300.00 1,200.00 100.00 100.00 55.00
12/2019 2,375.13 1,200.00 1,175.13 1,275.13
TOTALS 15,194.41 16,900.00 (1,705.59) 2,884.37 2,471.48 3,106.96 4,619.79
38.44%41.40%61.56%
75
Asset Maturity Distribution (Par Value, 000’s)
Portfolio Data cont’d
TIMMI
The Treasurer’s Institutional Money Market Index (TIMMI) is a composite index of four AAA rated prime institutional money market funds.
Their aggregate yield is compared to the yield of the Treasurer’s Pooled Investment Fund in the above graph.
Asset Allocation (000’s)
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 7
24.35%
1,835,002.02
14.46%
1,089,450.00
25.84%
1,947,289.00
14.62%
1,101,914.00 13.88%
1,045,879.00
6.84%
515,078.00
-
500,000
1,000,000
1,500,000
2,000,000
0-1 Mos 1-3 Mos 3-12 Mos 1-2 Yr 2-3 Yr 3-5 Yr
Assets Scheduled Book Scheduled Market Mkt/ Sch Book Yield WAL (Yr.) Mat (Yr.)
TREAS 357,292.83 357,607.75 100.09% 2.33% 0.48 0.48
AGENCIES 3,572,643.50 3,552,868.20 99.45% 2.06% 1.61 1.77
MMKT 62,000.00 62,000.00 100.00% 2.22% 0.00 0.00
CASH 1,040,000.00 1,040,000.00 100.00% 2.38% 0.00 0.00
CALTRUST FND 24,000.00 24,000.00 100.00% 2.37% 0.00 0.00
COMM PAPER 1,122,349.41 1,127,319.54 100.44% 2.50% 0.19 0.19
NCDS 830,998.20 830,998.20 100.00% 2.59% 0.23 0.23
MEDIUM TERM NOTES 301,555.30 302,706.59 100.38% 2.58% 1.01 1.03
MUNI 193,205.70 193,205.70 100.00% 2.27% 1.73 1.73
LOCAL AGCY OBLIG 120.00 120.00 100.00% 2.76% 1.46 1.46
Totals: 7,504,164.94 7,490,825.98 99.82% 2.27% 0.93 1.01
* For details on the Pool’s composition see Month End Portfolio Holdings, pages 9 to 13.
1.32%1.39%1.47%1.53%
1.63%1.75%1.82%
1.88%1.92%1.96%2.01%2.09%2.18%2.27%
1.25%1.45%1.51%1.54%
1.80%1.88%1.93%
2.08%2.07%2.06%2.17%
2.27%2.33%
2.53%
1.00%
1.50%
2.00%
2.50%
Pool Yield TIMMI
76
Compliance Status: Full Compliance
The Treasurer’s Pooled Investment Fund was in full compliance with the County of Riverside’s Treasurer’s State-
ment of Investment Policy. The County’s Statement of Investment Policy is more restrictive than California Gov-
ernment Code 53646. The County’s Investment Policy is reviewed annually by the County of Riverside’s Over-
sight Committee and approved by the Board of Supervisors.
1 Money Market Mutual Funds maturity may be interpreted as a weighted average maturity not exceeding 60 days.
2 Or must have an investment advisor with no fewer than 5 years experience and with assets under management of $500,000,000 USD .
THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646.
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 8
Compliance Report
GOVERNMENT CODE COUNTY INVESTMENT POLICY
Investment Category Maximum
Maturity
Authorized
% Limit
S&P/
Moody's Maximum
Maturity
Authorized %
Limit S&P/ Moody's Actual %
MUNICIPAL BONDS
(MUNI) 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA- 2.57%
U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100% NA 4.76%
LOCAL AGENCY
OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.50% INVESTMENT
GRADE <0.1%
FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100% NA 47.61%
COMMERCIAL PAPER
(CP) 270 DAYS 40% A1/P1 270 DAYS 40% A1/P1/F1 14.96%
CERTIFICATE & TIME
DEPOSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25%
Combined A1/P1/F1 11.07%
INT'L BANK FOR RECON-
STRUCTION AND DEVEL-
OPMENT AND INT'L FI-
NANCE CORPORATION
NA NA NA 4 YEARS 20% AA/Aa/AA 0.00%
REPURCHASE
AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS
40% max, 25%
in term repo
over 7 days
A1/P1/F1 0.00%
REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10% NA 0.00%
MEDIUM TERM NOTES
(MTNO) 5 YEARS 30% A 3 YEARS 20% AA/Aa2/AA 4.02%
CALTRUST SHORT TERM
FUND NA NA NA DAILY
LIQUIDITY 1.00% NA 0.32%
MONEY MARKET
MUTUAL FUNDS (MMF) 60 DAYS
(1) 20% AAA/Aaa
(2) DAILY
LIQUIDITY 20%
AAA by 2 Of 3
RATINGS
AGC.
0.83%
LOCAL AGENCY
INVESTMENT FUND (LAIF) NA NA NA DAILY
LIQUIDITY
Max
$50 million NA 0.00%
CASH/DEPOSIT
ACCOUNT NA NA NA NA NA NA 13.86%
77
Description Maturity
Date
Coupon Par
Value
Book
Value
Market
Price
Market
Value
Unrealized
Gain/Loss
FIDELITY GOV 01/01/2019 2.198 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00
FEDERATED GOV 01/01/2019 2.138 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00
GOLDMAN SACHS GOV 01/01/2019 2.200 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00
WELLS FARGO GOV 01/01/2019 2.227 59,000,000.00 59,000,000.00 100.000000 59,000,000.00 0.00
2.225 62,000,000.00 62,000,000.00 100.000000 62,000,000.00 0.00
CALTRUST SHT TERM FUND 01/01/2019 2.372 23,976,023.98 24,000,000.00 100.100000 24,000,000.00 0.00
2.372 23,976,023.98 24,000,000.00 100.100000 24,000,000.00 0.00
BANK OF THE WEST 01/01/2019 2.452 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00
2.452 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00
UB MANAGED RATE 01/01/2019 2.350 450,000,000.00 450,000,000.00 100.000000 450,000,000.00 0.00
PACIFIC PREMIER BANK 01/01/2019 2.339 40,000,000.00 40,000,000.00 100.000000 40,000,000.00 0.00
FIRST REPUBLIC BANK 01/01/2019 2.347 250,000,000.00 250,000,000.00 100.000000 250,000,000.00 0.00
2.349 740,000,000.00 740,000,000.00 100.000000 740,000,000.00 0.00
US DIST COURTHOUSE 06/15/2020 2.759 120,000.00 120,000.00 100.000000 120,000.00 0.00
2.759 120,000.00 120,000.00 100.000000 120,000.00 0.00
U.S. TREASURY BILL 05/23/2019 2.370 20,000,000.00 19,687,950.00 99.049000 19,809,800.00 121,850.00
2.370 20,000,000.00 19,687,950.00 99.049000 19,809,800.00 121,850.00
U.S. TREASURY BOND 07/31/2019 1.375 25,000,000.00 24,975,585.94 99.316000 24,829,000.00 -146,585.94
U.S. TREASURY BOND 07/31/2019 1.375 25,000,000.00 24,980,468.75 99.316000 24,829,000.00 -151,468.75
U.S. TREASURY BOND 02/28/2019 1.125 20,000,000.00 19,811,718.75 99.799000 19,959,800.00 148,081.25
U.S. TREASURY BOND 05/15/2019 .875 15,000,000.00 14,819,531.25 99.410000 14,911,500.00 91,968.75
U.S. TREASURY BOND 01/31/2019 1.125 40,000,000.00 39,837,500.00 99.904000 39,961,600.00 124,100.00
U. S TREASURY BOND 03/31/2019 1.500 25,000,000.00 24,890,625.00 99.774000 24,943,500.00 52,875.00
U.S TREASURY BOND 02/15/2019 2.750 25,000,000.00 25,014,648.44 100.042000 25,010,500.00 -4,148.44
U.S TREASURY BOND 06/30/2019 1.625 40,000,000.00 39,787,500.00 99.547000 39,818,800.00 31,300.00
U.S TREASURY BOND 07/31/2019 1.375 25,000,000.00 24,811,523.44 99.316000 24,829,000.00 17,476.56
U.S TREASURY BOND 07/31/2019 .875 25,000,000.00 24,736,328.13 99.039000 24,759,750.00 23,421.87
U.S. TREASURY BOND 11/15/2019 1.000 75,000,000.00 73,939,453.13 98.594000 73,945,500.00 6,046.87
1.329 340,000,000.00 337,604,882.83 99.352338 337,797,950.00 193,067.17
FHLMC 3YrNc1YrE 03/29/2019 1.300 9,000,000.00 9,000,000.00 99.746000 8,977,140.00 -22,860.00
FHLMC 3YrNc1YrE 03/29/2019 1.270 4,000,000.00 4,000,000.00 99.738000 3,989,520.00 -10,480.00
FHLMC 3.5YrNc6MoE 10/11/2019 1.500 15,000,000.00 15,000,000.00 99.101000 14,865,150.00 -134,850.00
FHLMC 3YrNc3MoB 07/26/2019 1.250 10,000,000.00 10,000,000.00 99.189000 9,918,900.00 -81,100.00
FHLMC 3.5YrNc1YrE 02/25/2020 1.250 10,000,000.00 10,000,000.00 98.477000 9,847,700.00 -152,300.00
FHLMC 3.5YrNc1YrE 05/08/2020 1.200 15,000,000.00 15,000,000.00 98.228000 14,734,200.00 -265,800.00
FHLMC 4YrNc6MoE 11/25/2020 1.370 25,000,000.00 25,000,000.00 97.754000 24,438,500.00 -561,500.00
FHLMC 4YrNc1YrE 11/30/2020 1.440 10,000,000.00 10,000,000.00 97.865000 9,786,500.00 -213,500.00
FHLMC 1.5YrNc1MoB 01/25/2019 1.350 10,000,000.00 10,000,000.00 99.940000 9,994,000.00 -6,000.00
FHLMC 2.25YrNc6MoB 09/27/2019 1.500 6,250,000.00 6,248,750.00 99.140000 6,196,250.00 -52,500.00
FHLMC 2YrNc3MoB 07/26/2019 1.600 5,000,000.00 5,000,000.00 99.453000 4,972,650.00 -27,350.00
FHLMC 3YrNc3MoB 09/29/2020 1.800 15,000,000.00 15,000,000.00 98.548000 14,782,200.00 -217,800.00
FHLMC 2.75Yr 01/17/2020 1.500 25,000,000.00 24,942,750.00 98.878000 24,719,500.00 -223,250.00
FHLMC 2.75YrNc2MoB 06/29/2020 1.750 20,000,000.00 19,983,860.00 98.676000 19,735,200.00 -248,660.00
FHLMC 2YrNc5MoB 09/27/2019 1.500 20,000,000.00 19,953,600.00 99.193000 19,838,600.00 -115,000.00
FHLMC 2YrNc6MoB 09/27/2019 1.500 25,000,000.00 24,942,500.00 99.193000 24,798,250.00 -144,250.00
FHLMC 2YrNc8MoE 01/30/2019 .950 20,000,000.00 19,820,000.00 99.893000 19,978,600.00 158,600.00
FHLMC 1.5YrNc5MoE 05/24/2019 1.080 10,000,000.00 9,895,000.00 99.443000 9,944,300.00 49,300.00
FHLMC 2.5YrNc3MoB 08/10/2020 1.450 10,000,000.00 9,769,000.00 98.190000 9,819,000.00 50,000.00
FHLMC 4.5YrNc7MoB 11/14/2022 2.300 12,628,000.00 12,381,754.00 98.359000 12,420,774.52 39,020.52
FHLMC 5YrNc3YrE 05/26/2023 3.000 15,000,000.00 15,000,000.00 100.456000 15,068,400.00 68,400.00
FHLMC 5YrNc2YrE 06/29/2023 3.100 5,000,000.00 5,000,000.00 100.398000 5,019,900.00 19,900.00
FHLMC 3YrNc1YrE 10/29/2021 3.100 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00
FHLMC 3YrNc1YrE 11/15/2021 3.150 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00
FHLMC 3YrNc1YrE 11/15/2021 3.150 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00
FHLMC 3YrNc1YrE 11/15/2021 3.150 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00
FHLMC 3YrNc1YrE 11/26/2021 3.150 25,000,000.00 25,000,000.00 100.395000 25,098,750.00 98,750.00
FHLMC 3YrNc1YrE 11/26/2021 3.160 10,000,000.00 10,000,000.00 100.426000 10,042,600.00 42,600.00
FHLMC 1.6YrNc1Yr 07/13/2020 1.850 15,000,000.00 14,758,950.00 98.871000 14,830,650.00 71,700.00
FHLMC 2YrNc6MoB 12/20/2021 3.150 10,000,000.00 10,000,000.00 100.118000 10,011,800.00 11,800.00
FHLMC 2.7YrNc6MoB 09/21/2021 3.030 15,000,000.00 15,000,000.00 100.069000 15,010,350.00 10,350.00
FHLMC 3YrNc3MoB 12/28/2021 3.150 10,000,000.00 10,000,000.00 100.082000 10,008,200.00 8,200.00
FHLMC 1.75YrNc3MoB 09/28/2020 2.900 20,000,000.00 20,000,000.00 100.032000 20,006,400.00 6,400.00
1.981 426,878,000.00 425,696,164.00 99.291597 423,853,984.52 -1,842,179.48
FHLMC 2YrNc1MoB 10/24/2019 1.750 15,000,000.00 14,973,750.00 99.701000 14,955,150.00 -18,600.00
1.750 15,000,000.00 14,973,750.00 99.701000 14,955,150.00 -18,600.00
FHLMC 5YrNc6MoB 10/29/2020 1.500 15,000,000.00 15,000,000.00 99.472000 14,920,800.00 -79,200.00
FHLMC 5YrNc6MoB 02/26/2021 1.500 10,000,000.00 10,000,000.00 99.078000 9,907,800.00 -92,200.00
FHLMC 5YrNc6MoB 02/26/2021 1.500 10,000,000.00 10,000,000.00 99.376000 9,937,600.00 -62,400.00
FHLMC 5YrNc3MoB 06/09/2021 1.600 15,000,000.00 15,000,000.00 98.110000 14,716,500.00 -283,500.00
FHLMC 5YrNc3MoB 05/25/2021 1.500 20,000,000.00 20,000,000.00 98.197000 19,639,400.00 -360,600.00
FHLMC 5YrNc3MoB 06/16/2021 1.750 15,000,000.00 14,997,000.00 98.885000 14,832,750.00 -164,250.00
FHLMC 5YrNc3MoB 06/30/2021 1.500 15,000,000.00 15,000,000.00 98.086000 14,712,900.00 -287,100.00
FHLMC 5YrNc6MoB 06/30/2021 1.700 15,000,000.00 15,000,000.00 98.680000 14,802,000.00 -198,000.00
FHLMC 5YrNc3MoB 06/30/2021 1.500 10,000,000.00 10,000,000.00 97.892000 9,789,200.00 -210,800.00
FHLMC 3.5YrNc3MoB 12/30/2019 2.500 15,000,000.00 15,000,000.00 99.890000 14,983,500.00 -16,500.00
FHLMC 5YrNc6MoB 07/13/2021 1.750 15,000,000.00 15,000,000.00 99.185000 14,877,750.00 -122,250.00
FHLMC 4YrNc6MoB 07/27/2020 1.300 15,000,000.00 15,000,000.00 98.284000 14,742,600.00 -257,400.00
FHLMC 5YrNc3MoB 08/10/2021 1.500 15,000,000.00 15,000,000.00 97.762000 14,664,300.00 -335,700.00
FHLMC 4YrNc6MoB 08/10/2020 1.300 15,000,000.00 15,000,000.00 98.216000 14,732,400.00 -267,600.00
3134G9S40
3134GABZ6
3134GAYK4
3134G92B2
3134GAK78
3134GBTX0
3134GBG30
3134GSMF9
3134GSQL2
3134GSA96
3134GSK95
3134GSD44
3134G8KU2
3134G9UX3
3134G8L31
912828KD1
912828WS5
3134GBX80
3134GBWH1
3134G9Q75
3134GSB53
3134GSA96
3134G9XA0
3134G9JW8
2.347
2.759
2.048
1310: U.S. TREASURY BOND
CUSIP
WFFXX
3134G9W37
3134G8QB8
3134G8QE2
3134GBG30
CLTR
912828SN1
9128282K5
Month End Portfolio Holdings
Fund: 1 POOL FUND
Yield
To Mat
Modified
Duration
Years To
Maturity
FRGXX 2.198 .003 .003
1060: MMKT ACCTS-A/365-6
2.138 .003 .003
FGTXX 2.200 .003 .003
GOFXX
2.227 .003 .003
2.225 .003 .003
2.366 .003 .003
.003 .0032.366
2.452 .003 .003
2.452 .003 .003
2.350 .003 .003
2.339 .003 .003
.003 .003
.003
.688 1.458
2.349 .003
2.759 .688 1.458
2.408 .382 .392
2.408 .382 .392
1.428 .576 .581
1.418 .576 .581
.160 .162
2.297 .365 .370
2.308 .084 .085
2.400 .243 .247
2.420 .124 .126
2.591 .489 .496
2.608 .572 .581
2.601 .574 .581
9128282K5
2.628 .858 .874
2.324 .477 .484
1.300 .239 .241
1.270 .239 .241
1.500 .768 .778
1.250 .563 .567
1.250 1.134 1.153
1.200 1.336 1.353
1.370 1.867 1.904
1.440 1.882 1.918
1.350 .068 .068
1.509 .730 .740
1.600 .561 .567
1.800 1.703 1.748
1.602 1.025 1.047
1.780 1.468 1.496
1.620 .729 .740
1.621 .729 .740
.082
1.809 .391 .395
2.421 1.568 1.611
1.734 .081
2.755 3.662 3.874
3.000 4.086 4.403
3.100 4.165 4.496
3.100 2.674 2.830
3.150 2.716 2.877
3.150 2.716 2.877
3.150 2.716 2.877
3.150 2.746 2.907
3.160 2.745 2.907
2.870 1.484 1.534
3.150 2.811 2.973
3.030 2.591 2.726
3.150 2.833 2.995
1.927 .807 .814
2.900 1.685 1.745
2.131 1.650 1.722
1.500 1.798 1.830
1.927 .807 .814
1.500 2.106 2.159
1.600 2.380 2.441
1.500 2.106 2.159
1.500 2.345 2.400
1.757 2.400 2.460
1.500 2.445 2.499
1.700 2.447 2.499
1.500 2.445 2.499
2.500 .985 .997
1.750 2.465 2.534
1.300 1.545 1.573
1.500 2.543 2.611
3134G9S57 1.300 1.581 1.611
3134G9R66
3134G9UH8
3134G9NU7
3134G9UM7
CASH
3134GAXZ2
3134G9NH6
3134G9VA2
1300: U.S. TREASURY BILL
912828R44
912828V56
3134G9JX6
3134GAVF8
3134GBYS5
3134GBK35
3134GAPS7
1065: CLTR-A/365-6
CASH
CASH
1080: MGD RATE-A/365-6
1170: MGD RATE-A/360
CASH
1175: LAO-SINKING FND-A/360
9128282K5
912828W30
912828TH3
912828U32
912796QH5
LAO
1425: FHLMC-Fxd-S 30/360
3134GSC45
3134GBXV9
3134GSN68
3134GSH57
3134G8TG4
3134GSA96
3134GSH40
3137EAEE5
1460: FHLMC-STEP%-Q30/360
1465: FHLMC-STEP%-S30/360
3134G7S77
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 978
Description Maturity
Date
Coupon Par
Value
Book
Value
Market
Price
Market
Value
Unrealized
Gain/Loss
CUSIP
Month End Portfolio Holdings
Yield
To Mat
Modified
Duration
Years To
Maturity
FHLMC 5YrNc3MoB 08/10/2021 1.500 10,000,000.00 10,000,000.00 98.244000 9,824,400.00 -175,600.00
FHLMC 5YrNc3MoB 08/25/2021 1.500 15,000,000.00 15,000,000.00 97.737000 14,660,550.00 -339,450.00
FHLMC 5YrNc3MoB 08/25/2021 1.500 10,000,000.00 10,000,000.00 97.180000 9,718,000.00 -282,000.00
FHLMC 5YrNc3MoB 08/25/2021 1.375 15,000,000.00 15,000,000.00 97.766000 14,664,900.00 -335,100.00
FHLMC 4.25YrNc3MoB 12/08/2020 1.250 20,000,000.00 20,000,000.00 98.077000 19,615,400.00 -384,600.00
FHLMC 5YrNc6MoB 08/24/2021 1.500 20,000,000.00 20,000,000.00 98.556000 19,711,200.00 -288,800.00
FHLMC 5YrNc3MoB 09/13/2021 1.500 16,500,000.00 16,500,000.00 97.988000 16,168,020.00 -331,980.00
FHLMC 5YrNc3MoB 09/30/2021 1.500 20,000,000.00 20,000,000.00 97.831000 19,566,200.00 -433,800.00
FHLMC 5YrNc6MoB 09/30/2021 1.450 15,000,000.00 15,000,000.00 98.186000 14,727,900.00 -272,100.00
FHLMC 5YrNc6MoB 09/30/2021 1.500 15,000,000.00 15,000,000.00 98.045000 14,706,750.00 -293,250.00
FHLMC 5YrNc3MoB 10/25/2021 1.500 10,000,000.00 10,000,000.00 97.915000 9,791,500.00 -208,500.00
FHLMC 5YrNc3MoB 10/25/2021 1.500 6,705,000.00 6,705,000.00 97.915000 6,565,200.75 -139,799.25
FHLMC 5YrNc3MoB 10/27/2020 1.500 10,000,000.00 10,000,000.00 98.572000 9,857,200.00 -142,800.00
FHLMC 5YrNc6MoB 10/27/2021 1.400 15,000,000.00 15,000,000.00 97.502000 14,625,300.00 -374,700.00
FHLMC 5YrNc6MoB 10/27/2021 1.400 15,000,000.00 15,000,000.00 97.502000 14,625,300.00 -374,700.00
FHLMC 5YrNc6MoB 10/28/2021 1.500 10,000,000.00 10,000,000.00 99.032000 9,903,200.00 -96,800.00
FHLMC 5YrNc3MoB 10/27/2021 1.500 15,000,000.00 15,000,000.00 97.719000 14,657,850.00 -342,150.00
FHLMC 5YrNc3MoB 10/27/2021 1.500 15,000,000.00 15,000,000.00 97.719000 14,657,850.00 -342,150.00
FHLMC 5YrNc3MoB 10/27/2021 1.500 10,000,000.00 10,000,000.00 98.071000 9,807,100.00 -192,900.00
FHLMC 5YrNc3MoB 11/10/2021 1.550 17,000,000.00 17,000,000.00 97.620000 16,595,400.00 -404,600.00
FHLMC 5YrNc3MoB 10/27/2021 1.500 14,000,000.00 14,000,000.00 98.071000 13,729,940.00 -270,060.00
FHLMC 5YrNc3MoB 11/30/2021 1.500 4,500,000.00 4,500,000.00 97.540000 4,389,300.00 -110,700.00
FHLMC 5YrNc3MoB 11/26/2021 1.550 20,000,000.00 20,000,000.00 97.548000 19,509,600.00 -490,400.00
FHLMC 5YrNc3MoB 12/09/2021 1.750 10,000,000.00 10,000,000.00 98.412000 9,841,200.00 -158,800.00
FHLMC 5YrNc3MoB 12/09/2021 1.650 20,000,000.00 20,000,000.00 98.665000 19,733,000.00 -267,000.00
FHLMC 5YrNc3MoB 12/30/2021 1.900 10,000,000.00 10,000,000.00 98.462000 9,846,200.00 -153,800.00
FHLMC 5YrNc3MoB 12/30/2021 1.900 10,000,000.00 10,000,000.00 98.462000 9,846,200.00 -153,800.00
FHLMC 3YrNc6MoB 02/24/2020 2.000 20,000,000.00 20,000,000.00 100.020000 20,004,000.00 4,000.00
FHLMC 3.5Yr 10/29/2020 1.500 7,125,000.00 7,108,968.75 99.472000 7,087,380.00 -21,588.75
FHLMC 3.5YrNc6MoB 10/27/2020 2.000 15,000,000.00 15,000,000.00 99.871000 14,980,650.00 -19,350.00
FHLMC 3YrNc3MoB 04/27/2020 1.750 10,000,000.00 10,000,000.00 99.519000 9,951,900.00 -48,100.00
FHLMC 3YrNc3MoB 04/27/2020 1.650 20,000,000.00 20,000,000.00 98.641000 19,728,200.00 -271,800.00
FHLMC 3YrNc3MoB 05/22/2020 1.750 10,000,000.00 10,000,000.00 99.334000 9,933,400.00 -66,600.00
FHLMC 3YrNc6MoB 05/22/2020 1.700 20,000,000.00 20,000,000.00 98.983000 19,796,600.00 -203,400.00
FHLMC 4YrNc6MoB 02/24/2021 1.750 15,000,000.00 15,000,000.00 99.075000 14,861,250.00 -138,750.00
FHLMC 3YrNc6MoB 11/24/2020 1.700 15,000,000.00 15,000,000.00 98.744000 14,811,600.00 -188,400.00
FHLMC 5YrNc3MoB 06/29/2022 2.050 20,000,000.00 20,000,000.00 98.879000 19,775,800.00 -224,200.00
FHLMC 5YrNc6MoB 06/22/2022 2.000 15,000,000.00 15,000,000.00 98.384000 14,757,600.00 -242,400.00
FHLMC 5YrNc3MoB 07/05/2022 2.000 20,000,000.00 20,000,000.00 98.886000 19,777,200.00 -222,800.00
FHLMC 3.5YrNc3MoB 01/20/2021 1.500 10,000,000.00 10,000,000.00 99.380000 9,938,000.00 -62,000.00
FHLMC 5YrNc3MoB 07/27/2022 2.050 20,000,000.00 20,000,000.00 98.630000 19,726,000.00 -274,000.00
FHLMC 5YrNc3MoB 07/27/2022 2.100 20,000,000.00 20,000,000.00 98.991000 19,798,200.00 -201,800.00
FHLMC 5YrNc3MoB 08/08/2023 1.500 5,000,000.00 4,790,170.00 97.133000 4,856,650.00 66,480.00
FHLMC 5YrNc2MoB 07/27/2022 2.250 3,000,000.00 2,946,600.00 98.975000 2,969,250.00 22,650.00
FHLMC3YrNc2MoB 06/15/2022 2.000 10,000,000.00 9,799,500.00 99.268000 9,926,800.00 127,300.00
1.647 823,830,000.00 823,347,238.75 98.477191 811,284,640.75 -12,062,598.00
FNMA 3.5YrNc6MoB 12/16/2019 1.500 5,000,000.00 5,000,000.00 98.929000 4,946,450.00 -53,550.00
FNMA 4YrNc6MoE 07/13/2020 1.350 10,000,000.00 10,000,000.00 98.231000 9,823,100.00 -176,900.00
FNMA 3.25YrNc6MoB 09/30/2019 1.250 7,500,000.00 7,500,000.00 98.973000 7,422,975.00 -77,025.00
FNMA 3YrNc6MoE 07/26/2019 1.000 10,000,000.00 10,000,000.00 99.083000 9,908,300.00 -91,700.00
FNMA 3YrNc6MoE 07/26/2019 1.000 10,000,000.00 10,000,000.00 99.083000 9,908,300.00 -91,700.00
FNMA 2.5YrNc6MoE 01/25/2019 .875 7,500,000.00 7,495,350.00 99.901000 7,492,575.00 -2,775.00
FNMA 3YrNc1YrE 07/26/2019 1.050 15,000,000.00 15,000,000.00 99.124000 14,868,600.00 -131,400.00
FNMA 3.5YrNc1YrE 07/26/2019 1.125 25,000,000.00 25,000,000.00 99.185000 24,796,250.00 -203,750.00
FNMA 3Yr 10/24/2019 1.000 10,000,000.00 9,973,200.00 98.675000 9,867,500.00 -105,700.00
FNMA 3YrNc6MoB 11/25/2019 1.400 10,000,000.00 10,000,000.00 98.887000 9,888,700.00 -111,300.00
FNMA 3Yr 07/30/2020 1.500 10,000,000.00 9,969,700.00 98.347000 9,834,700.00 -135,000.00
FNMA 2Yr 08/28/2019 1.500 10,000,000.00 10,019,600.00 99.262000 9,926,200.00 -93,400.00
FNMA 2.16Yr2MoB 01/27/2020 1.650 5,000,000.00 4,983,850.00 99.011000 4,950,550.00 -33,300.00
FNMA 1.4YrNC5MoB 05/29/2019 1.300 10,000,000.00 9,922,200.00 99.504000 9,950,400.00 28,200.00
FNMA 1.25Yr 02/26/2019 1.000 25,000,000.00 24,770,250.00 99.777000 24,944,250.00 174,000.00
FNMA 2Yr 01/21/2020 1.625 15,000,000.00 14,910,900.00 99.005000 14,850,750.00 -60,150.00
FNMA 2.25Yr 03/06/2020 1.750 11,082,000.00 11,042,326.44 99.040000 10,975,612.80 -66,713.64
FNMA 4.83Yr 10/05/2022 2.000 15,000,000.00 14,782,200.00 98.110000 14,716,500.00 -65,700.00
FNMA 5Yr 01/19/2023 2.375 10,000,000.00 9,944,100.00 99.252000 9,925,200.00 -18,900.00
FNMA 8Mo 08/28/2019 1.000 28,799,000.00 28,472,995.32 98.934000 28,492,002.66 19,007.34
1.310 249,881,000.00 248,786,671.76 99.042711 247,488,915.46 -1,297,756.30
FNMA 4.25YrNc6MoB 09/09/2020 1.625 15,000,000.00 15,000,000.00 98.076000 14,711,400.00 -288,600.00
1.625 15,000,000.00 15,000,000.00 98.076000 14,711,400.00 -288,600.00
FNMA 4YrNc6MoB 03/09/2020 1.750 15,000,000.00 15,000,000.00 99.529000 14,929,350.00 -70,650.00
FNMA 4YrNc6MoB 03/30/2020 2.000 10,000,000.00 10,000,000.00 99.884000 9,988,400.00 -11,600.00
FNMA 5YrNc6MoB 03/30/2021 1.750 15,000,000.00 15,000,000.00 98.052000 14,707,800.00 -292,200.00
FNMA 5YrNc6MoB 06/09/2021 1.550 15,000,000.00 15,000,000.00 98.233000 14,734,950.00 -265,050.00
FNMA 4YrNc6MoB 06/30/2020 1.500 20,000,000.00 20,000,000.00 98.692000 19,738,400.00 -261,600.00
FNMA 5YrNc6MoB 07/27/2021 1.300 15,000,000.00 15,000,000.00 97.343000 14,601,450.00 -398,550.00
FNMA 5YrNc6MoB 07/27/2021 1.375 20,000,000.00 20,000,000.00 97.591000 19,518,200.00 -481,800.00
FNMA 4YrNc6MoB 11/24/2020 1.250 15,000,000.00 15,000,000.00 97.796000 14,669,400.00 -330,600.00
1.532 125,000,000.00 125,000,000.00 98.310360 122,887,950.00 -2,112,050.00
FHLB DISC NTE 02/15/2019 2.300 25,000,000.00 24,803,541.67 99.707000 24,926,750.00 123,208.33
FHLB DISC NTE 07/26/2019 2.530 25,000,000.00 24,615,229.17 98.588000 24,647,000.00 31,770.83
FHLB DISC NTE 05/22/2019 2.480 37,015,000.00 36,642,711.36 99.047000 36,662,247.05 19,535.69
FHLB DISC NTE 05/22/2019 2.420 48,000,000.00 47,528,906.67 99.047000 47,542,560.00 13,653.33
FHLB DISC NTE 09/26/2019 2.570 50,000,000.00 49,065,972.22 98.138000 49,069,000.00 3,027.78
FHLB DISC NTE 09/26/2019 2.500 50,000,000.00 49,065,972.22 98.138000 49,069,000.00 3,027.78
2.477 235,015,000.00 231,722,333.31 98.681598 231,916,557.05 194,223.74
FHLB 4.5 Yr 06/10/2022 2.125 7,975,000.00 7,955,620.75 98.306000 7,839,903.50 -115,717.25
FHLB 3Yr 01/25/2021 2.200 15,000,000.00 14,994,900.00 99.307000 14,896,050.00 -98,850.00
FHLB 1.33Yr 05/28/2019 1.375 10,000,000.00 9,921,300.00 99.512000 9,951,200.00 29,900.003130ABF92
3134GAYR9
3136G0YK1
3135G0S46
3135G0A78
3136G3SG1
3136G4GU1
3136G3BX2
313384ME6
3134GBYN6
3134GBRW4
3135G0T94
3135G0P49
313384FX2
313384FX2
3136G3PB5
3136G3XS9
3136G3A62
3135G0R39
3134GBKC5
3134GBMP4
3134GBTD4
3135G0T60
3134GBHN5
3136G3RL1
3134GBZQ8
313379Q69
3134GAYF5
1.500 2.543 2.611
1.500 2.575 2.652
1.500 2.575 2.652
3134G96A0 1.375 2.582 2.652
3134G95W3
1.250 1.906 1.940
3134GAEG5 1.500 2.581 2.649
3134GAEB6
1.500 2.625 2.704
3134GAET7 1.500 2.675 2.751
3134GADP6
1.450 2.677 2.751
3134GANB6 1.500 2.680 2.751
3134GAKY9
1.500 2.745 2.819
3134GAPM0 1.500 2.745 2.819
3134GAPM0
1.500 1.790 1.825
3134GAQV9 1.400 2.751 2.825
3134GAPA6
1.400 2.751 2.825
3134GARL0 1.500 2.758 2.827
3134GAQV9
1.500 2.746 2.8253134GASF2
3134GASF2 1.500 2.746 2.825
1.500 2.750 2.825
3134GATB0 1.550 2.780 2.863
3134GATA2
1.500 2.750 2.825
3134GAUA0 1.500 2.840 2.918
3134GATA2
1.550 2.824 2.907
1.750 2.858 2.942
1.650 2.855 2.942
1.900 2.903 3.000
1.900 2.903 3.000
3134GAA87
3134GAA87
2.000 1.127 1.1513134GAZ49
1.615 1.796 1.830
3134GBGB2 2.000 1.784 1.825
3134G7S77
1.750 1.300 1.323
1.650 1.300 1.323
1.750 1.369 1.392
1.700 1.368 1.392
1.750 2.088 2.153
1.700 1.858 1.901
2.050 3.355 3.496
2.000 3.339 3.477
3.342 3.512
1.500 2.001 2.058
2.050 3.398 3.573
2.000
2.100 3.394 3.573
2.399 4.382 4.605
1.350
2.732 3.372 3.573
3.458
1.663 2.434 2.507
2.603 3.315
1.500 .948 .959
1.503 1.534
1.250 .742 .748
.068 .068
.564 .5671.000
1.050 .564 .567
1.000 .564 .567
.900
1.125 .563 .567
1.091 .807 .814
1.400 .890 .901
1.604 1.546 1.581
1.400 .658 .658
1.800 1.051 1.074
1.833 .404 .408
1.761 .155 .156
1.030
1.911 1.034 1.058
.658
2.495 3.797
1.913 1.157 1.181
4.055
1.664 1.693
1.625 1.664 1.693
1.625
1.654 1.001
2.322 3.583 3.764
2.655 .655
2.382
2.573
2.000 1.226 1.247
2.441
2.194 2.247
1.550
1.500 1.480
1.750 1.169 1.189
1.300
1.750
2.510
2.509
1.533 1.947 1.990
1.9011.869
1.499
1.375 2.573
2.444 .379 .389
2.318 .123 .126
1.250
2.570 .553 .567
2.505 .379 .389
2.548 .718 .737
2.497 .513 .527
2.548 .718 .737
2.182 3.297 3.444
2.212 1.991 2.071
1.972 .401 .405
3134G92T3
3136G3P25
3136G3Y74
3134GBTE2
3134GBYK2
3134G9T23
313384BX6
313384ME6
3134GBPJ5
3134G9U47
3130ADFW7
3134GBWD0
3134GBWS7
3134GAYG3
3134GBSE3
3134GBSD5
1525: FNMA-Fxd-S 30/360
3136G1MG1
3135G0J53
3135G0UU5
3135G0T78
3136G3WC5
3136G3SY2
3135G0M26
3135G0M26
1560: FNMA-STEP%-Q 30/360
1565: FNMA-STEP%-S 30/360
3136G3EH4
3136G3DV4
3136G3TG0
3136G3XT7
1700: FHLB-DISC NOTE
313384JQ3
3136G3ZW8
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1079
Description Maturity
Date
Coupon Par
Value
Book
Value
Market
Price
Market
Value
Unrealized
Gain/Loss
CUSIP
Month End Portfolio Holdings
Yield
To Mat
Modified
Duration
Years To
Maturity
FHLB 3Yr 03/12/2021 2.375 10,000,000.00 9,968,000.00 99.593000 9,959,300.00 -8,700.00
FHLB 3Yr 03/12/2021 2.375 10,000,000.00 9,966,500.00 99.593000 9,959,300.00 -7,200.00
FHLB 2.5YrNc3MoB 09/15/2020 2.500 5,000,000.00 5,000,000.00 99.936000 4,996,800.00 -3,200.00
FHLB 4.08Yr 03/11/2022 2.500 10,000,000.00 9,954,700.00 99.797000 9,979,700.00 25,000.00
FHLB 2YrNc3MoB 03/20/2020 2.350 10,000,000.00 10,000,000.00 99.693000 9,969,300.00 -30,700.00
FHLB 10Mo 01/16/2019 1.250 23,155,000.00 22,988,052.45 99.950000 23,143,422.50 155,370.05
FHLB 2.83YrNc1.33YrE 01/29/2021 2.250 20,000,000.00 19,833,600.00 99.376000 19,875,200.00 41,600.00
FHLB 2.75YrNc1.25YrE 01/29/2021 2.250 10,000,000.00 9,928,600.00 99.376000 9,937,600.00 9,000.00
FHLB 9Mo 01/16/2019 1.250 50,000,000.00 49,658,000.00 99.950000 49,975,000.00 317,000.00
FHLB 4.9Yr 03/10/2023 2.125 11,750,000.00 11,432,397.50 97.951000 11,509,242.50 76,845.00
FHLB 1.167Yr 06/21/2019 1.125 10,620,000.00 10,480,240.80 99.313000 10,547,040.60 66,799.80
FHLB 3Yr 05/07/2021 2.700 7,650,000.00 7,644,492.00 100.445000 7,684,042.50 39,550.50
FHLB 3Yr 05/07/2021 2.700 10,000,000.00 9,999,100.00 100.445000 10,044,500.00 45,400.00
FHLB 11Mo 06/14/2019 4.375 5,000,000.00 5,092,350.00 100.791000 5,039,550.00 -52,800.00
FHLB 4.17Yr 09/29/2022 1.650 15,730,000.00 14,940,354.00 96.484000 15,176,933.20 236,579.20
FHLB 4.9YrNc1Mo 07/28/2023 1.800 3,700,000.00 3,504,196.00 95.641000 3,538,717.00 34,521.00
FHLB 11MoB 09/26/2019 1.000 20,180,000.00 19,877,300.00 98.791000 19,936,023.80 58,723.80
FHLB 3YrNc1YrE 11/26/2021 3.125 10,000,000.00 9,992,900.00 100.296000 10,029,600.00 36,700.00
FHLB 3YrNc1YrB 11/29/2021 3.200 15,000,000.00 15,000,000.00 100.203000 15,030,450.00 30,450.00
FHLB 3 YrNc6MoB 12/06/2021 3.220 10,000,000.00 10,000,000.00 100.228000 10,022,800.00 22,800.00
FHLB 1.5YrNc3MoB 05/28/2020 3.000 10,000,000.00 10,000,000.00 100.072000 10,007,200.00 7,200.00
FHLB 4.5Yr 06/09/2023 2.050 10,000,000.00 9,540,100.00 97.006000 9,700,600.00 160,500.00
FHLB 9MoNc3MoB 06/26/2020 2.750 10,000,000.00 10,000,000.00 100.006000 10,000,600.00 600.00
FHLB 9MoNc3MoB 06/26/2020 2.750 10,000,000.00 10,000,000.00 100.006000 10,000,600.00 600.00
FHLB 9MoNc3MoB 06/26/2020 2.750 15,000,000.00 15,000,000.00 100.006000 15,000,900.00 900.00
FHLB 5YrNc3MoB 12/28/2023 3.200 15,000,000.00 15,000,000.00 100.048000 15,007,200.00 7,200.00
FHLB 1.5YrNc3MoB 06/26/2020 2.750 11,325,000.00 11,325,000.00 100.006000 11,325,679.50 679.50
1.971 519,935,000.00 516,741,099.00 99.399849 516,814,603.60 73,504.60
FHLB 3YrNcMoB 08/15/2019 2.500 25,000,000.00 25,000,000.00 99.971000 24,992,750.00 -7,250.00
2.500 25,000,000.00 25,000,000.00 99.971000 24,992,750.00 -7,250.00
FHLB 5YrNc3MoB 09/30/2021 1.500 15,000,000.00 15,000,000.00 98.517000 14,777,550.00 -222,450.00
FHLB 5YrNc3MoB 09/30/2021 1.500 15,000,000.00 15,000,000.00 98.509000 14,776,350.00 -223,650.00
FHLB 5YrNc6MoB 12/09/2021 1.600 10,000,000.00 10,000,000.00 98.077000 9,807,700.00 -192,300.00
FHLB 5YrNc6MoB 12/09/2021 1.600 10,000,000.00 10,000,000.00 98.077000 9,807,700.00 -192,300.00
FHLB 5YrNc1YrB 12/08/2021 1.700 15,000,000.00 15,000,000.00 98.749000 14,812,350.00 -187,650.00
FHLB 5YrNc6MoB 07/26/2022 2.000 15,000,000.00 15,000,000.00 98.944000 14,841,600.00 -158,400.00
FHLB 5YrNc6MoB 02/09/2022 1.750 20,000,000.00 20,000,000.00 99.215000 19,843,000.00 -157,000.00
FHLB 5YrNc3MoB 08/24/2022 2.000 10,000,000.00 10,000,000.00 98.360000 9,836,000.00 -164,000.00
FHLB 5YrNc3MoB 08/24/2022 2.000 15,000,000.00 15,000,000.00 98.292000 14,743,800.00 -256,200.00
FHLB 5YrNc3MoB 05/24/2022 2.000 20,000,000.00 20,000,000.00 99.230000 19,846,000.00 -154,000.00
FHLB 3.4YrNc2MoB 11/08/2021 1.500 10,000,000.00 9,690,500.00 98.105000 9,810,500.00 120,000.00
FHLB 4.16YrNc2MoB 11/25/2022 1.750 5,100,000.00 4,967,400.00 98.340000 5,015,340.00 47,940.00
1.758 160,100,000.00 159,657,900.00 98.637033 157,917,890.00 -1,740,010.00
FHLB 4Yr 09/22/2020 2.654 10,000,000.00 10,000,000.00 100.211000 10,021,100.00 21,100.00
FHLB 4Yr 09/22/2020 2.654 15,000,000.00 15,000,000.00 100.211000 15,031,650.00 31,650.00
FHLB 4Yr 09/28/2020 2.656 10,000,000.00 10,000,000.00 100.249000 10,024,900.00 24,900.00
FHLB 4Yr 09/28/2020 2.656 15,000,000.00 15,000,000.00 100.249000 15,037,350.00 37,350.00
2.655 50,000,000.00 50,000,000.00 100.230000 50,115,000.00 115,000.00
FHLB 3Yr 07/01/2020 2.521 25,000,000.00 25,000,000.00 100.387000 25,096,750.00 96,750.00
2.521 25,000,000.00 25,000,000.00 100.387000 25,096,750.00 96,750.00
FFCB DISC NTE 09/30/2019 2.570 75,000,000.00 73,511,541.67 98.111000 73,583,250.00 71,708.33
FFCB DISC NTE 09/19/2019 2.570 25,000,000.00 24,525,263.89 98.187000 24,546,750.00 21,486.11
2.570 100,000,000.00 98,036,805.56 98.130000 98,130,000.00 93,194.44
FFCB 3YrNc1YrA 03/29/2019 1.250 10,310,000.00 10,310,000.00 99.715000 10,280,616.50 -29,383.50
FFCB 4YrNc1YrA 04/27/2020 1.420 7,700,000.00 7,700,000.00 98.558000 7,588,966.00 -111,034.00
FFCB 2.5YrNc3MoA 01/28/2019 1.110 25,000,000.00 25,000,000.00 99.917000 24,979,250.00 -20,750.00
FFCB 4YrNc1YrA 08/24/2020 1.320 10,000,000.00 10,000,000.00 97.965000 9,796,500.00 -203,500.00
FFCB 4YrNc1YrA 09/21/2020 1.350 10,000,000.00 10,000,000.00 97.909000 9,790,900.00 -209,100.00
FFCB 4YrNc1YrA 10/13/2020 1.340 15,000,000.00 15,000,000.00 97.832000 14,674,800.00 -325,200.00
FFCB 4YrNc3MoA 11/02/2020 1.380 10,000,000.00 10,000,000.00 97.839000 9,783,900.00 -216,100.00
FFCB 4YrNc1YrA 12/07/2020 1.770 10,000,000.00 10,000,000.00 98.456000 9,845,600.00 -154,400.00
FFCB 3YrNc1YrE 02/27/2020 1.710 10,000,000.00 10,000,000.00 99.081000 9,908,100.00 -91,900.00
FFCB 2.5Yr 01/17/2020 1.520 10,000,000.00 10,000,000.00 98.898000 9,889,800.00 -110,200.00
FFCB 3Yr 08/10/2020 1.550 5,000,000.00 5,000,000.00 98.378000 4,918,900.00 -81,100.00
FFCB 2Yr 08/28/2019 1.400 5,000,000.00 5,000,000.00 99.217000 4,960,850.00 -39,150.00
FFCB 2Yr 06/24/2019 1.520 5,000,000.00 5,010,640.00 99.508000 4,975,400.00 -35,240.00
FFCB 2Yr 08/28/2019 1.400 10,000,000.00 9,998,000.00 99.217000 9,921,700.00 -76,300.00
FFCB 3Yr 03/20/2020 1.450 20,000,000.00 19,970,400.00 98.713000 19,742,600.00 -227,800.00
FFCB 3Yr 10/26/2020 1.750 20,000,000.00 19,994,000.00 98.512000 19,702,400.00 -291,600.00
FFCB 2Yr 11/06/2019 1.600 25,000,000.00 24,967,247.50 99.097000 24,774,250.00 -192,997.50
FFCB 4Yr 01/12/2022 2.200 10,000,000.00 9,938,000.00 98.766000 9,876,600.00 -61,400.00
FFCB 3Yr 03/01/2021 2.500 10,000,000.00 9,999,700.00 99.862000 9,986,200.00 -13,500.00
FFCB 2.8Yr 02/12/2021 2.350 15,000,000.00 14,948,670.00 99.571000 14,935,650.00 -13,020.00
FFCB 5Yr 04/11/2023 2.700 10,000,000.00 9,990,300.00 99.924000 9,992,400.00 2,100.00
FFCB 3Yr 05/10/2021 2.700 10,000,000.00 9,986,600.00 100.300000 10,030,000.00 43,400.00
FFCB 4.5Yr 04/11/2023 2.400 5,000,000.00 4,839,900.00 98.333000 4,916,650.00 76,750.00
FFCB 5Yr 10/02/2023 3.050 10,000,000.00 9,979,300.00 101.519000 10,151,900.00 172,600.00
FFCB4 4YrNc1YrA 11/01/2022 3.330 5,000,000.00 5,000,000.00 100.266000 5,013,300.00 13,300.00
FFCB 4.4YrA 04/03/2023 2.280 21,000,000.00 20,237,490.00 98.177000 20,617,170.00 379,680.00
FFCB 2.9Yr 11/15/2021 3.050 10,000,000.00 10,035,700.00 101.313000 10,131,300.00 95,600.00
FFCB 4.2YrNc1WKA 03/01/2023 2.200 10,000,000.00 9,660,530.00 97.818000 9,781,800.00 121,270.00
FFCB 3.8YrNc1WKA 10/05/2022 2.050 10,000,000.00 9,640,870.00 97.600000 9,760,000.00 119,130.00
FFCB 1.5Yr 06/24/2020 2.750 10,000,000.00 9,999,000.00 100.326000 10,032,600.00 33,600.00
1.879 344,010,000.00 342,206,347.50 99.055290 340,760,102.50 -1,446,245.00
3133EJP52
3133EFX44
3133EJ3L1
3133EFE86
3133EHFD0
1930: FFCB-Var-M A/360
3130AC4T8
3130AC6H2
3130A9FR7
3130A9FR7
3133EFV38
3133EJD48
3130AAE46
313378WG2
3130A0XD7
3130AFFA0
3130A9M40
313382AX1
3130A8DB6
3130AE6U9
3133EHB85
3133EJT74
3130A0XD7
3130ADPR7
3130ADR53
3133EGC94
3130AFCU9
3130A9EP2
3130ABVZ6
3130AFFB8
3130A8CK7
3130A8UH4
3130AFER4
3133EGNY7
3133EHWN9
3130AFMP9
3133EJEM7
3130A9FM8
3130AAE46
3133EF5D5
3.200 2.751
1.446
2.484 2.113 2.197
2.489 2.113 2.197
2.500 1.648 1.710
3.195
2.350 1.188 1.219
2.619 3.028
.044
2.553 1.997 2.082
2.121 .043
2.082
2.131 .043 .044
2.513 1.997
2.351
2.703 2.254 2.351
4.192
2.263 .466 .471
2.716 3.950
.446 .452
2.929 3.576 3.748
2.373
2.725 2.254
2.965 4.308 4.575
2.934
2.687 .724 .737
3.150 2.746 2.907
2.915
3.220 2.770
3.147
3.000 1.366 1.408
1.488
2.750
4.189 4.441
1.446
2.750
1.488
2.750
1.446 1.488
1.517
3.200 4.579 4.995
2.750 1.446 1.488
2.500 .617 .622
1.587
2.500 .617 .622
2.295
1.500 2.680 2.751
1.500 2.680 2.751
1.600 2.857 2.942
1.600 2.857 2.942
1.700 2.849 2.940
3.400 3.570
1.750 2.990 3.112
2.000
3.477 3.649
2.000 3.477 3.649
2.000
3.272 3.397
2.579 2.770 2.858
2.436 3.758 3.904
2.000
3.179
2.654 1.711 1.729
1.847 3.063
1.729
2.656 1.736 1.745
2.656 1.736 1.745
2.654 1.711
1.737
2.521 1.729 1.501
2.655 1.724
1.729 1.5012.521
2.622 .728 .748
2.620 .699 .718
2.621 .721 .740
1.250 .239 .241
1.420 1.302 1.323
1.110 .076 .077
1.320 1.617 1.649
1.350 1.691 1.726
1.340 1.752 1.786
1.380 1.803
1.520 1.025 1.047
1.841
1.770 1.890 1.937
1.400 .476 .479
1.710 1.133 1.159
1.550 1.573 1.611
1.400 .659 .658
1.410 .659 .658
1.760 1.778 1.822
1.511 1.200 1.219
1.667 .836 .849
2.365 2.884 3.036
4.279
2.501 2.080 2.167
2.474 2.031 2.121
3.990
2.721 3.991 4.279
4.258
2.747 2.262 2.359
3.160 4.003
3.330 3.552
4.167
2.922 2.722
3.095 4.360 4.756
3.838
3.166
3.060 3.911
2.757 1.440 1.482
2.877
1.909 1.9992.017
3.050 3.564 3.764
3133EHZN6
3133EH6X6
3130ABQV1
3130A9FU0
1900: FFCB-DISC NOTE
3133EHAJ2
3130AA5A2
3130ADG48
3130AE6U9
3130ADG48
3130A8R54
1767: FHLB-Var-M A/360
1770: FHLB-Var-Q A/360
3130AFMP9
3130ABZW9
3130AA2T4
3130AFLA3
3130A9DA6
3130AA2T4
3133EHJ95
3133EEZ60
3133EHWN9
3133EHP98
3133EGSA4
3130A9TV3
3130AA5Y0
3130A8NF6
313312MJ6
313312LX6
3133XTYY6
3130AFMP9
1760: FHLB-STEP%-Q 30/360
1765: FHLB-STEP%-S 30/360
3130A9DH1
3130AFMP9
1925: FFCB-Fxd-S 30/360
3133EGVK8
3133EGXX8
3133EJKN8
3133EJNS4
3133EGR49
3133EHRK1
3133EJCE7
3133EHUL5
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1180
Description Maturity
Date
Coupon Par
Value
Book
Value
Market
Price
Market
Value
Unrealized
Gain/Loss
CUSIP
Month End Portfolio Holdings
Yield
To Mat
Modified
Duration
Years To
Maturity
FFCB 5Yr 10/10/2019 2.457 15,000,000.00 15,000,000.00 100.095000 15,014,250.00 14,250.00
FFCB 5Yr 10/10/2019 2.457 25,000,000.00 25,000,000.00 100.095000 25,023,750.00 23,750.00
FFCB 5Yr 10/10/2019 2.457 10,000,000.00 9,997,560.00 100.095000 10,009,500.00 11,940.00
FFCB 4Yr 04/01/2020 2.584 25,000,000.00 25,000,000.00 100.284000 25,071,000.00 71,000.00
FFCB 4Yr 04/13/2020 2.677 50,000,000.00 50,000,000.00 100.301000 50,150,500.00 150,500.00
FFCB 5Yr 05/25/2021 2.776 10,000,000.00 10,000,000.00 100.601000 10,060,100.00 60,100.00
FFCB 5Yr 05/25/2021 2.776 10,000,000.00 10,000,000.00 100.601000 10,060,100.00 60,100.00
FFCB 3Yr 10/11/2019 2.580 15,000,000.00 15,000,000.00 100.166000 15,024,900.00 24,900.00
FFCB 3Yr 10/24/2019 2.684 15,000,000.00 15,000,000.00 100.176000 15,026,400.00 26,400.00
FFCB 3Yr 11/14/2019 2.610 15,000,000.00 15,000,000.00 100.165000 15,024,750.00 24,750.00
FFCB 3Yr 11/14/2019 2.610 15,000,000.00 15,000,000.00 100.165000 15,024,750.00 24,750.00
FFCB 3.9Yr 01/18/2022 2.695 15,000,000.00 15,139,095.00 100.535000 15,080,250.00 -58,845.00
FFCB 5Yr 02/21/2023 2.549 15,000,000.00 15,000,000.00 99.951000 14,992,650.00 -7,350.00
FFCB 3.5Yr 10/04/2021 2.372 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00
FFCB 1.4Yr 05/26/2020 2.506 1,680,000.00 1,679,769.44 99.959000 1,679,311.20 -458.24
FFCB 1.4Yr 05/26/2020 2.506 1,710,000.00 1,709,765.32 99.959000 1,709,298.90 -466.42
FFCB 1.1Yr 02/21/2020 2.529 7,940,000.00 7,944,501.98 100.034000 7,942,699.60 -1,802.38
2.590 261,330,000.00 261,470,691.74 100.215899 261,894,209.70 423,517.96
FAMCA 2Yr 08/20/2019 1.440 5,000,000.00 4,999,800.00 99.314000 4,965,700.00 -34,100.00
FAMCA 2Yr 09/26/2019 1.420 10,000,000.00 10,000,000.00 99.152000 9,915,200.00 -84,800.00
FAMCA 1.4Yr 05/15/2019 1.810 10,000,000.00 10,000,000.00 99.777000 9,977,700.00 -22,300.00
FAMCA 1.5Yr 06/24/2019 1.860 20,000,000.00 20,000,000.00 99.749000 19,949,800.00 -50,200.00
FAMCA 2.08Yr 02/03/2020 1.970 15,000,000.00 15,000,000.00 99.575000 14,936,250.00 -63,750.00
FAMCA 1Yr 01/29/2019 1.900 25,000,000.00 25,000,000.00 99.981000 24,995,250.00 -4,750.00
FAMCA 1.58Yr 01/02/2020 2.530 20,000,000.00 20,000,000.00 100.184000 20,036,800.00 36,800.00
FAMCA 4.9Yr 06/30/2023 2.850 10,000,000.00 9,947,900.00 100.879000 10,087,900.00 140,000.00
FAMCA 2.91Yr 07/23/2021 2.840 10,000,000.00 9,993,300.00 100.744000 10,074,400.00 81,100.00
2.090 125,000,000.00 124,941,000.00 99.951200 124,939,000.00 -2,000.00
FAMCA 2.5 Yr 06/02/2020 2.489 25,000,000.00 25,063,500.00 100.229000 25,057,250.00 -6,250.00
FAMCA 3Yr 04/23/2021 2.556 25,000,000.00 25,000,000.00 100.082000 25,020,500.00 20,500.00
FAMCA 3Yr 05/10/2021 2.407 10,000,000.00 10,000,000.00 100.008000 10,000,800.00 800.00
2.503 60,000,000.00 60,063,500.00 100.130917 60,078,550.00 15,050.00
FAMCA 3Yr 03/19/2019 2.874 10,000,000.00 10,000,000.00 100.051000 10,005,100.00 5,100.00
FAMCA 3Yr 07/26/2019 2.648 15,000,000.00 15,000,000.00 100.171000 15,025,650.00 25,650.00
2.738 25,000,000.00 25,000,000.00 100.123000 25,030,750.00 30,750.00
TEXAS STATE 10/01/2019 1.497 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00
HAWAII STATE 04/01/2019 1.380 4,990,000.00 4,990,000.00 100.000000 4,990,000.00 0.00
HAWAII STATE 04/01/2020 1.660 5,055,000.00 5,055,000.00 100.000000 5,055,000.00 0.00
RHODE ISLAND STATE 05/01/2020 1.625 2,660,000.00 2,670,719.80 100.403000 2,670,719.80 0.00
RHODE ISLAND STATE 05/01/2019 1.375 2,625,000.00 2,636,838.75 100.451000 2,636,838.75 0.00
GEORGIA STATE 07/01/2020 3.000 6,825,000.00 7,254,770.25 106.297000 7,254,770.25 0.00
GEORGIA STATE 07/01/2019 3.000 6,580,000.00 6,943,874.00 105.530000 6,943,874.00 0.00
ARKANSAS STATE 06/01/2019 2.000 13,470,000.00 13,837,192.20 102.726000 13,837,192.20 0.00
HAWAII STATE 10/01/2019 1.151 2,250,000.00 2,253,262.50 100.145000 2,253,262.50 0.00
HAWAII STATE 10/01/2020 1.370 2,250,000.00 2,254,320.00 100.192000 2,254,320.00 0.00
OREGON STATE 05/01/2019 1.450 1,830,000.00 1,829,981.70 99.999000 1,829,981.70 0.00
OREGON STATE 04/01/2019 1.440 1,750,000.00 1,749,982.50 99.999000 1,749,982.50 0.00
WASHINGTON STATE 08/01/2019 1.500 8,745,000.00 8,738,703.60 99.928000 8,738,703.60 0.00
STATE OF CALIFORNIA 04/01/2021 2.625 14,400,000.00 14,688,720.00 102.005000 14,688,720.00 0.00
ALAMEDA COUNTY G.O.08/01/2020 2.562 17,600,000.00 17,600,000.00 100.000000 17,600,000.00 0.00
RHODE ISLAND ST & PROV PLANT 04/01/2020 2.750 3,065,000.00 3,082,378.55 100.567000 3,082,378.55 0.00
RHODE ISLAND ST & PROV PLANT 04/01/2019 5.000 2,330,000.00 2,390,020.80 102.576000 2,390,020.80 0.00
RHODE ISLAND ST & PROV PLANT 04/01/2021 2.750 3,150,000.00 3,167,766.00 100.564000 3,167,766.00 0.00
STATE OF CALIFORNIA 04/01/2021 2.800 16,000,000.00 16,000,640.00 100.004000 16,000,640.00 0.00
STATE OF CALIFORNIA 04/01/2021 2.625 1,795,000.00 1,784,301.80 99.404000 1,784,301.80 0.00
STATE OF CALIFORNIA 04/01/2019 1.593 7,030,000.00 6,990,842.90 99.443000 6,990,842.90 0.00
STATE OF CALIFORNIA 04/01/2022 2.367 1,500,000.00 1,468,800.00 97.920000 1,468,800.00 0.00
CITY OF LOS ANGELES 09/01/2021 4.000 8,915,000.00 9,200,993.20 103.208000 9,200,993.20 0.00
WASHINGTON STATE 08/01/2019 2.630 10,085,000.00 10,085,000.00 100.000000 10,085,000.00 0.00
STATE OF CALIFORNIA 04/01/2022 2.367 17,695,000.00 17,256,340.95 97.521000 17,256,340.95 0.00
STATE OF CALIFORNIA 04/01/2022 2.367 25,000,000.00 24,275,250.00 97.101000 24,275,250.00 0.00
2.393 192,595,000.00 193,205,699.50 100.317090 193,205,699.50 0.00
DEXIA(GUARANTEE)01/18/2019 2.470 15,000,000.00 14,729,329.17 99.879583 14,981,937.50 252,608.33
NATL SEC CLEARING CORP 03/27/2019 2.500 40,000,000.00 39,255,555.56 99.374306 39,749,722.22 494,166.66
DEXIA (GUARANTEE)03/19/2019 2.500 25,000,000.00 24,574,652.78 99.433194 24,858,298.61 283,645.83
TOYOTA MOTOR CORP 02/26/2019 2.460 25,000,000.00 24,619,041.67 99.603333 24,900,833.33 281,791.66
NATL SEC CLEARING CORP 05/24/2019 2.450 50,000,000.00 49,084,652.78 98.891750 49,445,875.00 361,222.22
DEXIA (GUARANTEE)01/22/2019 2.320 40,000,000.00 39,626,222.22 99.851250 39,940,500.00 314,277.78
TOYOTA MOTOR CORP 03/04/2019 2.400 25,000,000.00 24,700,000.00 99.543611 24,885,902.78 185,902.78
TOYOTA MOTOR CORP 01/30/2019 2.380 13,000,000.00 12,890,850.56 99.794583 12,973,295.83 82,445.27
NATL SEC CLEARING CORP 06/24/2019 2.610 35,000,000.00 34,314,875.00 98.651500 34,528,025.00 213,150.00
APPLE 03/25/2019 2.400 25,000,000.00 24,713,333.33 99.389028 24,847,256.94 133,923.61
TOYOTA MOTOR CORP 01/03/2019 2.300 50,000,000.00 49,712,500.00 99.985833 49,992,916.67 280,416.67
NATL SEC CLEARING CORP 02/26/2019 2.420 25,000,000.00 24,793,291.67 99.603333 24,900,833.33 107,541.66
TOYOTA MOTOR CORP 01/25/2019 2.470 15,000,000.00 14,909,433.33 99.830000 14,974,500.00 65,066.67
TOYOTA MOTOR CORP 03/29/2019 2.610 25,000,000.00 24,726,312.50 99.359583 24,839,895.83 113,583.33
NATL SEC CLEARING CORP 01/16/2019 2.330 15,000,000.00 14,924,275.00 99.893750 14,984,062.50 59,787.50
APPLE 02/25/2019 2.390 50,000,000.00 49,608,305.56 99.610417 49,805,208.33 196,902.77
DEXIA (GUARANTEE)07/05/2019 2.790 50,000,000.00 49,066,125.00 98.520000 49,260,000.00 193,875.00
APPLE 01/14/2019 2.320 25,000,000.00 24,888,833.33 99.907917 24,976,979.17 88,145.84
NATL SEC CLEARING CORP 02/27/2019 2.420 25,000,000.00 24,811,777.78 99.596250 24,899,062.50 87,284.72
APPLE 01/23/2019 2.350 30,000,000.00 29,851,166.67 99.844167 29,953,250.00 102,083.33
CHEVRON 01/08/2019 2.310 64,871,000.00 64,621,246.65 99.950417 64,838,834.80 217,588.15
PROCTER & GAMBLE 01/07/2019 2.350 8,000,000.00 7,972,322.22 99.957500 7,996,600.00 24,277.78
PROCTER & GAMBLE 01/29/2019 2.420 25,000,000.00 24,884,041.67 99.801667 24,950,416.67 66,375.00
APPLE 02/27/2019 2.470 25,000,000.00 24,840,479.17 99.596250 24,899,062.50 58,583.33
CHEVRON 01/30/2019 2.390 45,000,000.00 44,808,800.00 99.794583 44,907,562.50 98,762.50
13063DAD0
93974D5L8
3133EGCE3
3133EGF67
3132X0AT8
3132X02Y6
3133EG4C6
419792JG2
76222RWT5
76222RWS7
882723A33
63763QQT7
03785EQR8
89233HN34
74271UNV8
89233HNR1
544351MM8
010878AL0
03785EPT5
3133EGYA7
3132X0U90
63763QSQ1
63763QNG8
2.440
2.342
2.498
13063DAD0
.0192.358
.022
.153
2.843 .495
89233HQV9
2.330
2.431 .078 .079
2.486 .155 .159
.062
.037
.080 .082
.038
2.438 .155 .159
.063
2.319 .021
.019
.1502.409
2.362
2.639 .235 .241
2.342 .043 .044
.510
.152 .156
2.485 .067 .068
2.428 .225 .230
2.313 .008 .008
2.400 .080 .082
2.662 .467 .479
.059 .060
2.429 .168 .173
25214PL50
.152 .156
2.496 .385 .395
2.547 .230 .236
2.543 .208 .214
2.515 .048 .049
3.080 3.252
3.290 3.077
2.252
.249
2.960
2.351 .246
2.919
1.643 1.720
3.252
2.630
2.850 2.155
3.082
.584.571
3.120
2.457 2.671
3.252
2.252
13063DAB4
13063DAD0
13063DAC2
1.216
2.253 .246
2.551
.249
2.451 1.252
2.252
2.799 2.155
2.486
2.158
1.285
2.374 2.400
2.457 .773 .775
2.457 .773 .775
.778
.775
2.584 1.325 1.252
2.776 2.374 2.400
2.677 1.275
.871
2.383 2.956 3.052
2.684 .810 .814
2.610 .865 .871
4.145
1.120 1.142
2.372 2.678 2.762
2.516 1.376 1.403
2.549
1.514
2.516 1.376 1.403
2.479
2.572
.737
1.810 .366 .370
1.442 .628 .636
1.420 .727
4.499
.475 .479
1.970 1.064 1.093
1.860
.079
2.562
2.103 1.023 1.067
.079
2.530 .984 1.005
2.964 4.193
2.312
2.407 2.299 2.359
2.317 1.402 1.422
2.432 1.906 1.949
2.648
2.874 .212 .214
2.738 .423 .426
.564 .567
1.520 1.311 1.334
1.380
.741
1.660
.751
1.110 .499
.416.414
.493
.249
1.220 .329
1.319
.247
1.718 1.753
1.541
.332
1.370 1.450 1.501
.751
.584
2.252
.575
.332
.249
1.450
2.425
1.252
1.101
2.562 1.526 1.586
2.011 2.165
1.227
.774
2.556
1.024
.247
1.497
2.864
.743
2.610
2.254
2.274
03785ENP5
89233HPS7
041042ZT2
68609BXK8
419792NE2
.329
1.441
1.900
1.495
2.580
.865
.773
3132X0C74
3132X0F97
3133EDXQ0
2.776
3.985
2.400
3132X0WK3
76222RWU2
3133EHAE3
3132X0A50
3133EJDG1
63763QPT8
3132X03B5
13063DGA0
16677KN82
74271UN71
63763QPS0
03785ENE0
3133EHKY8
3133EHKY8
3133EJJE0
63763QTQ0
68609BYC5
419792JH0
76222RUL4
93974DV39
419792NF9
3132X0ED9
25214PG98
16677KNW9
03785EPR9
25214PMS9
25214PJU8
3133EDXQ0
3133EF2Z9
3133EGCE3
3133EGZS7
3133EGF67
3133EDXQ0
3133EFT56
1950: FMAC-Fxd-S 30/360
1965: FMAC-Var-M A/360
1975: FMAC-Var-Q A/360
3132X0WY3
3132X0S77
3132X0C41
3132X04F5
3132X0EV9
2350: MUNIS-S 30/360
3020: COMMERCIAL PAPER
89233HQ49
89233HNW0
3733845L6
3733845K8
13063DAC2
76222RUM2
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1281
Description Maturity
Date
Coupon Par
Value
Book
Value
Market
Price
Market
Value
Unrealized
Gain/Loss
CUSIP
Month End Portfolio Holdings
Yield
To Mat
Modified
Duration
Years To
Maturity
AMRY & AIR FORCE EXCHANGE 01/28/2019 2.470 3,500,000.00 3,485,351.53 99.808750 3,493,306.25 7,954.72
APPLE 02/11/2019 2.450 40,000,000.00 39,795,833.33 99.709583 39,883,833.33 88,000.00
PROCTER & GAMBEL 02/26/2019 2.500 12,800,000.00 12,720,888.89 99.603333 12,749,226.67 28,337.78
ARMY AR EXCHANGE 01/29/2019 2.470 26,000,000.00 25,891,182.78 99.801667 25,948,433.33 57,250.55
PROCTER & GAMBLE 02/27/2019 2.500 60,000,000.00 59,645,833.33 99.596250 59,757,750.00 111,916.67
PROCTER & GAMBLE 02/27/2019 2.500 50,000,000.00 49,704,861.11 99.596250 49,798,125.00 93,263.89
NATL SEC CLEARING CORP 06/03/2019 2.780 30,000,000.00 29,585,316.67 98.814250 29,644,275.00 58,958.33
CHEVRON 05/08/2019 2.600 15,000,000.00 14,835,333.33 99.015750 14,852,362.50 17,029.17
APPLE 06/03/2019 2.680 30,000,000.00 29,609,166.67 98.814250 29,644,275.00 35,108.33
CHEVRON 03/05/2019 2.430 15,000,000.00 14,914,950.00 99.536250 14,930,437.50 15,487.50
NATL SEC CLEARING CORP 09/06/2019 2.950 25,000,000.00 24,450,972.22 97.898889 24,474,722.22 23,750.00
PROCTER & GAMBEL 02/08/2019 2.500 55,000,000.00 54,782,291.67 99.730833 54,851,958.33 69,666.66
2.476 1,133,171,000.00 1,122,349,405.15 99.483620 1,127,319,537.14 4,970,131.99
MICROSOFT CORP 02/06/2020 1.850 6,350,000.00 6,297,739.50 99.274000 6,303,899.00 6,159.50
MICROSOFT CORP 02/06/2020 1.850 6,000,000.00 5,951,100.00 99.274000 5,956,440.00 5,340.00
MICROSOFT CORP 11/03/2020 2.000 25,000,000.00 24,649,750.00 98.886000 24,721,500.00 71,750.00
MICROSOFT CORP 02/06/2020 1.850 3,000,000.00 2,971,440.00 99.274000 2,978,220.00 6,780.00
APPLE 02/08/2019 1.550 22,840,000.00 22,684,688.00 99.891000 22,815,104.40 130,416.40
MICROSOFT CORP 02/06/2020 1.850 4,097,000.00 4,057,013.28 99.274000 4,067,255.78 10,242.50
MICROSOFT CORP 02/06/2020 1.850 8,000,000.00 7,920,160.00 99.274000 7,941,920.00 21,760.00
MICROSOFT CORP 08/08/2019 1.100 10,000,000.00 9,835,600.00 99.005000 9,900,500.00 64,900.00
MICROSOFT CORP 02/06/2020 1.850 16,000,000.00 15,832,480.00 99.274000 15,883,840.00 51,360.00
JOHNSON & JOHNSON 03/01/2021 1.650 12,000,000.00 11,663,160.00 97.448000 11,693,760.00 30,600.00
MICROSOFT CORP 02/06/2020 1.850 10,000,000.00 9,887,000.00 99.274000 9,927,400.00 40,400.00
JOHNSON & JOHNSON 03/01/2021 1.650 12,969,000.00 12,617,410.41 97.448000 12,638,031.12 20,620.71
MICROSOFT CORP 08/08/2019 1.100 14,772,000.00 14,527,818.84 99.005000 14,625,018.60 97,199.76
MICROSOFT CORP 08/08/2019 1.100 20,000,000.00 19,697,600.00 99.005000 19,801,000.00 103,400.00
MICROSOFT CORP 02/12/2020 1.850 16,880,000.00 16,654,820.80 99.149000 16,736,351.20 81,530.40
MICROSOFT CORP 08/08/2019 1.100 10,154,000.00 10,001,690.00 99.005000 10,052,967.70 51,277.70
APPLE 08/02/2019 1.100 12,500,000.00 12,339,000.00 99.006000 12,375,750.00 36,750.00
MICROSOFT CORP 08/08/2019 1.100 4,982,000.00 4,916,735.80 99.005000 4,932,429.10 15,693.30
CHEVRON CORP 05/16/2019 1.561 10,000,000.00 9,938,600.00 99.460000 9,946,000.00 7,400.00
WALMART 10/09/2019 1.750 25,000,000.00 24,752,750.00 99.298000 24,824,500.00 71,750.00
WALMART 10/09/2019 1.750 22,029,000.00 21,812,234.64 99.298000 21,874,356.42 62,121.78
APPLE 09/12/2019 1.500 12,803,000.00 12,662,038.97 99.122000 12,690,589.66 28,550.69
JOHNSON & JOHNSON 03/01/2021 1.650 10,295,000.00 9,955,059.10 97.448000 10,032,271.60 77,212.50
MICROSOFT CORP 11/03/2020 2.000 10,100,000.00 9,929,411.00 98.886000 9,987,486.00 58,075.00
1.605 305,771,000.00 301,555,300.34 98.997809 302,706,590.58 1,151,290.24
NORDEA BK 01/25/2019 2.450 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
TORONTO DOMINION 01/25/2019 2.510 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00
NORDEA BK 02/08/2019 2.450 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00
SWEDBANK AB 02/08/2019 2.410 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00
BANK OF AMERICA NA 02/11/2019 2.440 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00
TORONTO DOMINION 02/13/2019 2.400 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00
ROYAL BANK OF CANADA NY 06/07/2019 2.660 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
US BANK NA 06/11/2019 2.590 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00
ROYAL BANK OF CANADA NY 01/31/2019 2.370 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00
US BANK NA 01/22/2019 2.330 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00
ROYAL BANK OF CANADA NY 06/21/2019 2.710 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00
BANK OF AMERICA NA 05/01/2019 2.620 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
US BANK NA 05/31/2019 2.580 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00
TORONTO DOMINION 01/02/2019 2.380 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
NORDEA BK 01/16/2019 2.420 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
WELLS FARGO NA 05/13/2019 2.720 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00
WELLS FARGO CD 06/28/2019 2.820 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00
US BANK NA 06/21/2019 2.830 40,000,000.00 40,000,000.00 100.000000 40,000,000.00 0.00
US BANK NA 01/22/2019 2.440 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
US BANK NA 01/25/2019 2.450 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00
TORONTO DOMINION 08/16/2019 3.000 35,000,000.00 35,000,000.00 100.000000 35,000,000.00 0.00
ROYAL BANK OF CANADA NY 06/28/2019 2.910 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
TORONTO DOMINION 05/31/2019 2.860 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00
US BANK NA 03/06/2019 2.670 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
TORONTO DOMINION 03/06/2019 2.730 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00
TORONTO DOMINION 03/12/2019 2.750 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00
ROYAL BANK OF CANADA NY 03/11/2019 2.480 15,000,000.00 14,988,904.63 99.926031 14,988,904.63 0.00
2.592 775,000,000.00 774,988,904.63 99.998568 774,988,904.63 0.00
WELLS FARGO 01/07/2019 2.609 56,000,000.00 56,009,296.00 100.016600 56,009,296.00 0.00
2.609 56,000,000.00 56,009,296.00 100.016600 56,009,296.00 0.00
2.131 7,534,612,023.98 7,504,164,940.07 99.418868 7,490,825,981.43 -13,338,958.64
2.131 7,534,612,023.98 7,504,164,940.07 99.418868 7,490,825,981.43 -13,338,958.64
2.167
594918BV5
594918BN3
594918BG8
1.085 1.118
2.494 .593
594918BV5
594918BV5
594918BV5
478160BS2 2.646
594918BV5
2.388
2.414
2.354
63763QT31
16677KS87
594918BV5
.189
1.101
3130: CORP-Fxd-S 30/360
74271UP87
1.071
2.625 2.098
594918BN3
2.098
2.510 .104
2.281
594918BV5
594918BG8
1.101
2.277
3.016 .662 .682
1.101
1.786
1.071
1.071
2.629 .341
.107
16677KQ55
63763QW60
.155
4500: NCD-Mat A/360
03785ET38
478160BS2
65590AWG7
594918AY0
74271UPT1
.0592.330
.104
2.590
2.543
037833CB4
.171
.075
.077
.184
74271UPT1
2.500
.410 .422
.155
2.515
.077
.156
.112
.422
.159
.159
2.480
.079
2.515
2.516
2.463
.152
.115
1.101
.106 .107
2.373 1.071 1.101
2.288 .603.593
1.101
2.819 .410
.351
2.715
1.844
.175
1.071
2.480
.603
1.070 1.101
2.444
2.273
1.071
2.167
2.469
.603
.603
2.481 .593 .603
2.400 .593
.373
2.838
2.824 .757 .773
2.570 .576 .586
2.568 .592
1.023
2.912
.757 .773
3.149 2.092 2.167
.107
2.510 .067 .068
2.450 .104 .107
.432 .444
.112 .115
2.400 .118 .121
2.660 .421 .433
2.440
931142DY6
2.691
594918BN3
2.410
04249LNV4
037833CE8
74271UPS3
2.420
594918BN3
.044
.3322.620 .323
78012UHD0
.043
.354 .364
94989RZ50 2.820 .477 .490
2.720
.458 .471
2.440 .059 .060
2.830
.067 .068
3.000 .606 .625
90333VA91 2.450
03785EPB4
04249LNU6
594918BN3
166764BH2
931142DY6
037833CZ1 2.823 .684
2.570 .368
.699
478160BS2
65590AVR4 2.450 .067 .068
1.783 1.844
2.579 .996
89113XM27
87019VHX8
06052TB82
89114MDZ7
90333VYZ7
78012UHS7 2.370 .083 .085
90333VZA1 .060
78012UHZ1 2.710 .458 .471
06052TC32
90333VZC7 2.580 .403 .414
89114MHB6 2.380 .005 .005
65590AXW1
94989RY28
90333VZR4
90333VZZ6
89114MMK0
78012UJY2 2.910 .476 .490
89114MMT1 2.860 .402 .414
90333VE89 2.670 .173 .178
89114MPN1 2.730 .173 .178
89114MQH3 2.750 .189 .195
78012UGY5 2.770 .186 .192
2.598 .242 .248
4541: NCD-VAR-M A/360
94989RQ43 2.427 .019 .019
2.427 .019 .019
Grand Total 2.270 .972 1.004
Total Fund 2.270 .972 1.004
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1382
COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR
The Mission Inn, Downtown Riverside. Digital Image. The Mission Inn. http://www.missioninn.com/about-en.html.
83
COUNTY OF RIVERSIDE
TREASURER-TAX COLLECTOR
CAPITAL MARKETS
COUNTY ADMINISTRATIVE CENTER
4080 LEMON STREET,
4TH FLOOR,
RIVERSIDE, CA 92502-2205
WWW.COUNTYTREASURER.ORG
84
AGENDA ITEM 8
Agenda Item 8
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Michele Cisneros, Deputy Director of Finance
THROUGH: Theresia Trevino, Chief Financial Officer
SUBJECT: Fiscal Year 2018/19 Mid-Year Budget Adjustments
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Approve an increase of $10.5 million in Fiscal Year 2018/19 expenditures for mid-year
budget adjustments; and
2) Forward to the Commission for final action.
BACKGROUND INFORMATION:
Staff performed a review of expenditures for the six months ended December 31, 2018, and an
estimate of expenditures for the remaining six months of the fiscal year ending June 30, 2019.
As a result of the review, the following mid-year budget adjustments are proposed:
Expenditure Adjustment 1 – $10.2 Million
The original FY 2018/19 budget did not include budget authority for right of way and construction
for the Temescal Canyon widening project, a 2009 Measure A-funded regional arterial project led
by the Riverside County Transportation Department. Adequate 2009 Measure A Western County
regional arterial fund balance is available to accommodate this budget adjustment to increase
right of way and construction expenditures by $4.7 million and $5.5 million respectively.
Expenditure Adjustment 2 – $300,000
The FY 2018/19 budget includes $3.7 million for transit operating expenditures in the
2009 Measure A Western County transit fund. Staff has recommended a $300,000 increase in
the FY 2018/19 transit operating expenditures for the Riverside Transit Agency / Orange County
Transportation Authority intercity Route 794 for a total transit operating budget of $4 million.
Adequate 2009 Measure A Western County transit fund balance is available to accommodate this
budget adjustment.
85
Agenda Item 8
Financial Information
In Fiscal Year Budget: No Year: FY 2018/19 Amount: $10,500,000
Source of Funds:
2009 Measure A Western County
Regional Arterial funds, 2009 Measure A
Western County Transit funds
Budget Adjustment: Yes
GL/Project Accounting No.:
005207 81401 00000 0000 266 72 81401 $4,700,000
005207 81301 00000 0000 266 72 81301 $5,500,000
269 62 86101 $ 300,000
Fiscal Procedures Approved: Date: 02/07/2019
86
AGENDA ITEM 9
Agenda Item 9
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Theresia Trevino, Chief Financial Officer
THROUGH: John Standiford, Deputy Executive Director
SUBJECT: Investment Policy Revision
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Adopt Resolution No. 19-004, “Resolution of the Riverside County Transportation
Commission Regarding the Revised Investment Policy”;
2) Adopt the revised annual Investment Policy; and
3) Forward to the Commission for final action.
BACKGROUND INFORMATION:
At its December 2018 meeting, the Commission adopted revisions to the annual Investment
Policy. Subsequently staff determined that proposed changes to permitted U.S. corporate debt
investments in the prior staff report or revised Investment Policy were not correct.
The prior staff report recommended the following changes:
• Change in minimum credit quality for U.S. corporate debt from “Aa3/AA-/ or AA-“ to
“A1/A+/or A+”; and
• Change maximum percentage of holdings in U.S. corporate debt (from 25 percent to
30 percent).
The revisions reflected on the Investment Policy attachment in December included the change in
the maximum percentage of holdings and not the change in minimum credit quality.
Following consultation with its financial advisor and the County Treasurer’s Office prior to the
December 2018 Commission meeting, staff’s intent was only to change the minimum credit
quality for U.S. corporate debt and not to increase the maximum percentage of holdings in
U.S. corporate debt at the same time. A revised Investment Policy is attached and reflects the
minimum credit quality for U.S. corporate debt of “A1/A+/ or A+” and maximum percentage of
holdings in U.S. corporate debt of 25 percent.
87
Agenda Item 9
The principle underlying these proposed changes is increased flexibility for staff to enhance the
return on investments without material sacrifice in safety or liquidity. Safety and liquidity are
maintained by continuing to require stringent credit and rating standards and by maintaining
diversification through the application of prudent limitations in the amount of any single
investment type.
As noted in the December 2018 staff report, the California Government Code permits investment
in U.S. corporate debt securities rated at least “A3/A-/A-“. The Commission has required ratings
of at least “Aa3/AA-/AA-“, and staff proposes lowering the requirement one notch to
“A1/A+/A+”.
Staff believes that this revised recommendation continues to adhere to the Commission’s
investment objectives, in priority order, of safety, liquidity, and return on investment.
Attachments:
1) Resolution No. 19-004
2) Investment Policy (draft)
88
ATTACHMENT 1
RESOLUTION NO. 19-004
RESOLUTION OF THE
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
REGARDING THE
REVISED INVESTMENT POLICY
WHEREAS, the Riverside County Transportation Commission (the “Commission”)
currently retains the authority to add, delete or otherwise modify the Commission’s
policies and procedures.
NOW, THEREFORE, the Riverside County Transportation Commission does hereby
resolve as follows:
Section 1. The Riverside County Transportation Commission hereby adopts the
Investment Policy, as revised on March 13, 2019, and attached as Exhibit
A.
APPROVED AND ADOPTED this 13th day of March, 2019.
_____________________________________
Chuck Washington, Chair
Riverside County Transportation Commission
ATTEST:
_________________________________
Lisa Mobley
Clerk of the Board
89
Revised December 12March 13, 20189
INVESTMENT POLICY
I. Introduction
The purpose of this document is to identify policies and procedures that enhance
opportunities for a prudent investment program and to organize and formalize
investment-related activities.
II.Scope
It is intended that this Policy cover all funds (except retirement funds) and
investment activities under the direction of the Commission. Investment activities
may be classified between operating and bond/debt portfolios.
III.Delegation of Authority
Pursuant to the Commission’s Administrative Code, the Board’s management
responsibility for the investment program is hereby delegated for a one-year period
to the Executive Director who shall monitor and review all investments for
consistency with this investment policy. Subject to review, the Board may renew
the delegation of authority pursuant to this section each year. The Executive
Director may delegate these duties to a designee (“Chief Financial Officer”). The
Commission may delegate its investment decision making and execution authority
to an investment advisor. The advisor shall follow this Policy and such other written
instructions as are provided.
IV.Prudence
All persons authorized to make investment decisions on behalf of the Commission
are subject to the prudent investor standard. Investments shall be made with care,
skill, prudence and diligence under circumstances then prevailing, including, but
not limited to, the general economic conditions and the anticipated needs of the
Commission that a prudent person acting in a like capacity and familiarity with
those matters would use in the conduct of funds of a like character and with like
aims, to safeguard the principal and maintain the liquidity needs of the
Commission.
Authorized individuals acting in accordance with this Policy and written procedures
and exercising due diligence shall be relieved of personal responsibility for an
individual security’s credit risk or market price changes, provided deviations from
expectations are reported in a timely fashion.
ATTACHMENT 2
90
Revised December 12March 13, 20189
V. Objective
The Commission’s primary investment objectives, in priority order, shall be:
1. Safety. Safety of principal is the foremost objective of the investment
program. Investments of the Commission shall be undertaken in a
manner that seeks to ensure preservation of capital in the portfolio.
2. Liquidity. The investment portfolio of the Commission will remain
sufficiently liquid to enable the Commission to meet its cash flow
requirements.
3. Return on Investment. The investment portfolio of the Commission
shall be designed with the objective of maximizing return on its
investments, but only after ensuring safety and liquidity.
The Commission may from time to time sell securities that it owns in order to better
reposition its portfolio assets in accordance with updated cash flow schedules,
yield opportunities existing between market sectors, or simply market timing.
VI. Investments
California Government Code Section 53601 governs the investments permitted for
purchase by the Commission. Within the investments permitted by Code, the
Commission seeks to further restrict eligible investments to the investments listed
in Section VI.1 below. Percentage limitations, where indicated, apply at the time
of purchase. Percentage holdings with any one non-U.S. Government issuer or
non-Federal Agency issuer are further restricted to a maximum of 10% (direct and
indirect commitments), except as otherwise noted. Rating requirements where
indicated, apply at the time of purchase. In the event a security held by the
Commission is subject to a rating change that brings it below the minimum
specified rating requirement, the Chief Financial Officer shall be authorized to act
immediately and to notify the Board of any actions taken in regards to the security.
The course of action to be followed will then be decided on a case-by-case basis,
considering such factors as the reason for the rate drop, prognosis for recovery or
further rate drops, and the market price of the security.
1. Eligible Investments
A. U.S. Government Issues. United States Treasury notes, bonds,
bills, or certificates of indebtedness, or those for which the faith and
credit of the United States are pledged for the payment of principal
and interest.
91
Revised December 12March 13, 20189
B. Federal Agency Securities. Federal agency or United States
government-sponsored enterprise obligations, participations, or
other instruments, including those issued by or fully guaranteed as
to principal and interest by federal agencies or United States
government-sponsored enterprises.
C. Supranational Obligations. Obligations issued, or unconditionally
guaranteed, by the following supranational institutions:
1. International Bank for Reconstruction and
Development; and
2. International Finance Corporation.
Such securities must have a maximum maturity of four (4) years and
ratings from at least one Nationally Recognized Statistical Rating
Organization (NRSRO) as follows: at least “Aa/AA/or AA” which
denotes “Aa2” by Moody’s Investors Service (Moody’s), or “AA” by
S&P Global Ratings (S&P), or “AA” by Fitch Ratings (Fitch); or as
otherwise approved by the Commission. Investments in
supranational obligations are limited to a maximum of 20% of
Commission funds with no more than 10% of funds invested in any
one supranational institution.
D. Municipal Bonds.
Registered treasury notes or bonds of any of the other 49 United
States, in addition to California, payable solely out of the revenues
from a revenue-producing property owned, controlled, or operated
by a state or by a department, board, agency or authority of any of
the other 49 United States, in addition to California. Such securities
must have a maximum maturity of five (5) years and ratings from at
least one NRSRO as follows: at least “A1/A+/or A+”; or as otherwise
approved by the Commission.
Registered general obligation treasury notes or bonds of any of
the 50 United States. Such securities must have a maximum
maturity of five (5) years and ratings from at least one NRSRO as
follows: at least “A1/A+/or A+” or as otherwise approved by the
Commission.
Taxable or tax-exempt bonds, notes, warrants, or other evidences of
indebtedness of any local agency within the State of California with
a maximum maturity of five (5) years and ratings from at least one
NRSRO as follows: at least “A1/A+/or A+” (the minimum rating shall
apply to the local agency, irrespective of any credit enhancement),
including bonds, notes, warrants, or other evidences of indebtedness
payable solely out of the revenues from a revenue-producing
92
Revised December 12March 13, 20189
property owned, controlled, or operated by either the local agency, a
department, board, agency, or authority of the local agency, or of any
local agency within this state.
Investments in municipal bonds are further limited to 25% of the
Commission’s funds.
E. Tri-Party Repurchase Agreements. Tri-party repurchase
agreements are to be used solely as short-term investments not to
exceed 30 days. The Commission may enter into tri-party
repurchase agreements with primary government securities dealers
rated “A” or better by two NRSROs. Counterparties should also have
(i) a short-term credit rating of at least P-1/A-1/ or F-1; (ii) minimum
assets and capital size of $25 billion in assets and $350 million in
capital; (iii) five years of acceptable audited financial results; and (iv)
a strong reputation among market participants.
The following collateral restrictions will be observed: Only U.S.
Treasury securities or Federal Agency securities, as described in V.1
A and B, will be acceptable collateral. All securities underlying tri-
party repurchase agreements must be delivered to the Commission's
custodian or fiscal agent bank versus payment or be handled under
a properly executed tri-party repurchase agreement. The total
market value of all collateral for each tri-party repurchase agreement
must equal or exceed 102% of the total dollar value of the money
invested by the Commission for the term of the investment. For any
tri-party repurchase agreement with a term of more than one day, the
value of the underlying securities must be reviewed on an on-going
basis according to market conditions. Market value must be
calculated each time there is a substitution of collateral.
The Commission or its trustee shall have a perfected first security
interest under the Uniform Commercial Code in all securities subject
to tri-party repurchase agreement. The Commission shall have
properly executed a PSA agreement with each counterparty with
which it enters into tri-party repurchase agreements.
F. U.S. Corporate Debt. Medium-term notes, defined as all corporate
and depository institution securities with a maximum remaining
maturity of five (5) years or less, issued by corporations organized
and operating within the United States or depository institutions
licensed by the United States or any state and operating within the
United States. Eligible investment shall be rated at least “Aa3/AA-
/or AA-A1/A+/ or A+” by at least one NRSRO. Investments in U.S.
Corporate Debt are further limited to 3025% of the Commission’s
funds.
93
Revised December 12March 13, 20189
G. Commercial Paper. Commercial paper rated in the highest
category by one or more nationally recognized statistical rating
organization (NRSRO). The entity that issues the commercial paper
shall meet all of the following conditions in either paragraph (1) or
paragraph (2):
(1) The entity meets the following criteria: (A) Is organized and
operating in the United States as a general corporation. (B) Has
total assets in excess of five hundred million dollars
($500,000,000). (C) Has debt other than commercial paper, if
any, that is rated “A” or higher by at least one NRSRO.
(2) The entity meets the following criteria: (A) Is organized within the
United States as a special purpose corporation, trust, or limited
liability company. (B) Has program-wide credit enhancements,
including, but not limited to, over collateralization, letters of credit,
or surety bond. (C) Has commercial paper that is rated at least
“P-1/A-1/or F-1”, or the equivalent, by at least one NRSRO.
Purchases of eligible commercial paper may not exceed 270 days
maturity nor represent more than 10% of the outstanding paper of an
issuing corporation. Investments in commercial paper are limited to
a maximum of 25% of the Commission’s funds.
H. Banker’s Acceptances. Banker's acceptances issued by domestic
or foreign banks, which are eligible for purchase by the Federal
Reserve System. Purchases of banker’s acceptances may not
exceed 180 days maturity. Eligible banker’s acceptances are
restricted to issuing financial institutions with short-term paper rated
in the highest category by one or more nationally recognized rating
service. Investments in banker’s acceptances are further limited to
40% of the Commission’s funds with no more than 30% of the
Commission’s funds invested in the banker’s acceptances of any one
commercial bank.
I. Money Market Mutual Funds. Shares of beneficial interest issued
by diversified management companies that are money market funds
registered with the Securities and Exchange Commission under the
Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.)
and that invest solely in U.S. treasuries, obligations of the U.S.
Treasury, and repurchase agreements relating to such treasury
obligations.
The Commission may invest in shares of beneficial interest issued
by accompany shall have met either of the following criteria: (1)
Attained the highest ranking or the highest letter and numerical rating
94
Revised December 12March 13, 20189
provided by not less than two nationally recognized rating services.
(2) Retained an investment adviser registered or exempt from
registration with the Securities and Exchange Commission with not
less than five years’ experience managing money market mutual
funds with assets under management in excess of five hundred
million dollars ($500,000,000).
The purchase price of shares of beneficial interest purchased
pursuant to this subdivision shall not include any commission that the
companies may charge. Investments in Money Market Mutual Funds
are further limited to 20% of the Commission’s funds.
J. Riverside County Pooled Investment Fund (“RCPIF”). The
Commission may invest in the Riverside County Pooled Investment
Fund. As on-going due diligence, the Chief Financial Officer shall
obtain the information listed below:
• A description of eligible investment securities and a written
statement of investment policy.
• A description of the interest calculation, the frequency of interest
distributions, and the treatment of gains and losses in the
portfolio.
• A description of how often the securities are priced, how the
securities are safeguarded, and the audit arrangements.
• A description of who may invest in the program, how often they
may invest, and what size deposits and withdrawals are allowed.
• A schedule for receiving statements and portfolio listings.
• A fee schedule, and when and how fees are assessed.
• The composition of the investment fund for each reporting period.
K. State of California Local Agency Investment Fund (“LAIF”). The
Commission may invest in LAIF. As on-going due diligence, the
Chief Financial Officer shall obtain the information listed below:
• A description of eligible investment securities and a written
statement of investment policy.
• A description of the interest calculation, the frequency of interest
distributions, and the treatment of gains and losses in the
portfolio.
• A description of how often the securities are priced, how the
securities are safeguarded, and the audit arrangements.
• A description of who may invest in the program, how often they
may invest, and what size deposits and withdrawals are allowed.
• A schedule for receiving statements and portfolio listings.
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• A fee schedule, and when and how fees are assessed.
• The composition of the investment fund for each reporting period.
L. Certificates of Deposit.
Negotiable Certificates of Deposit (NCD’s): NCDs are money market
instruments issued by a bank. They specify that a sum of money has
been deposited, payable with interest to the bearer of the certificates
on a certain date. NCDs are issued by nationally or state chartered
bank or state or federal savings and loan association. All purchases
must be from institutions rated the highest letter and number rating
(e.g., P-1/A-1/or F-1) as provided for by at least one NRSRO, as
designated by the U.S. Securities and Exchange Commission. The
maturity of NCDs shall not exceed one (1) year to maturity, and
purchases of NCDs shall not exceed 30% of the Commission’s
investment portfolio. NCDs shall be evaluated in terms of the credit
worthiness of the issuing institution, as these deposits are uninsured
and uncollateralized promissory notes.
FDIC-insured Certificates of Deposit: The principal amount of the
investment must be federally insured through the Federal Deposit
Insurance Corporation (FDIC). No more than the prevailing FDIC
insured coverage amount may be invested with any one deposit.
Certificates of Deposit placed through the Certificate of Deposit
Account Registry Service (CDARS) shall be considered fully insured,
assuming that the total amount invested with any participating bank
is limited to the prevailing FDIC insured coverage amount. Interest
on the principal must be paid to the Commission at least annually.
The placement of Certificates of Deposit with local banks that qualify
in accordance with Government Code section 53601(h) is
encouraged. The Commission, at its discretion, may invest a portion
of its funds in certificates of deposit at a commercial bank, savings
bank, savings and loan association, or credit union using a private
sector entity to assist in the placement of such certificates, provided
that it complies with Government Code Section 53601.8. Such
investments may not exceed in total 20% of the Commission’s funds
invested pursuant to Government Code Sections 53601.8, 53635.8
and 53601, and shall have a maximum maturity of one (1) year from
the date of the deposit.
Collateralized Certificates of Deposit: For investments exceeding
$100,000, there will be a waiver of collateral for the first $100,000
deposited and protected by FDIC insurance. The remainder of the
deposit shall be fully collateralized by U.S. Treasury and Federal
Agency securities having maturities less than five years. The District
must receive written confirmation that these securities have been
pledged in repayment of the time deposit. The securities pledged as
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collateral must have a current market value greater than the dollar
amount of the deposit in keeping with the ratio requirements
specified in Section 53652 of the Government Code. Additionally, a
statement of the collateral shall be provided to the Commission on a
monthly basis. Such investments may not exceed in total 15% of the
Commission’s funds invested pursuant to Government Code
Sections 53601.8, 53635.8 and 53601, and shall have a maximum
maturity of one (1) year from the date of the deposit.
M. Time Deposits. Federal Deposit Insurance Corporation insured
money market savings accounts or time deposits which
are deposited through depository institutions which are participants
of the Money Market Insured Deposit Account Service (“MMIDAS”).
N. Mortgage and Asset-backed Securities. Any mortgage pass-
through security, collateralized mortgage obligation, mortgage-
backed or other pay-through bond, equipment lease-backed
certificate, consumer receivable-backed bond of a maximum
maturity of five (5) years.
Securities eligible for investment under this subdivision shall be
issued by an issuer and rated at least “A3/A-/or A-” for the issuer’s
debt as provided by at least one NRSRO and rated in the rating
category of “AAA” or its equivalent (excluding U.S.
Government/Agency-backed structured products which will be
permitted with their prevailing ratings even if those ratings are below
the rating category of “AAA”) by at least one NRSRO.
Purchase of these securities may not exceed 10% of the
Commission’s operating investment portfolio.
2. Eligible Investments for Bond Proceeds
Bond proceeds shall be invested in securities permitted by the applicable
bond documents. If the bond documents are silent as to permitted
investments, bond proceeds will be invested in securities permitted by this
Policy.
With respect to maximum maturities, the Policy authorizes investing bond
reserve fund proceeds beyond the five (5) years if prudent in the opinion of
the Chief Financial Officer.
3. Ineligible Investments
As provided in California Government Code Section 53601.6, the
Commission shall not invest any funds in inverse floaters, range notes,
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mortgage derived interest-only strips or in any security that could result in
zero interest accrual if held to maturity.
The purchase of any security not listed in Section VI.1 above, but permitted
by the California Government Code, is prohibited unless the Board
approves the investment either specifically or as a part of an investment
program approved by the Board.
VII. Maximum Maturities
Maturities of investments will be selected to provide necessary liquidity, minimize
interest rate risk, and maximize earnings. Current and expected yield curve
analysis will be monitored and the portfolio will be invested accordingly. Because
of inherent difficulties in accurately forecasting cash flow requirements, a portion
of the portfolio should be continuously invested in readily available funds.
Where this Policy does not specify a maximum remaining maturity at the time of
the investment, no investment shall be made in any security, other than a security
underlying a repurchase or reverse repurchase agreement authorized by this
section, that at the time of the investment has a term remaining to maturity in
excess of five (5) years.
VIII. Performance Standards
The Chief Financial Officer shall continually monitor and evaluate the portfolio’s
performance.
IX. Reporting
The Chief Financial Officer shall prepare and provide to the Board and the
Executive Director, within 60 days following the end of the quarter, a portfolio
report, which includes the following information:
• Type of investment
• Name of issuer
• Date of maturity
• Date of purchase
• Par value
• Original purchase cost
• Call date (if applicable)
• Current market value of securities
• Unrealized market value gain/loss
• Coupon rate, if applicable
• Yield to maturity
• Credit quality, as determined by one or more NRSROs, of each investment
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• Average duration of portfolio
• Listing of all investment transactions during the quarter
• A statement that the portfolio complies with the investment policy, or the
manner in which the portfolio is not in compliance
• A statement denoting the ability of the Commission to meet its liquidity
requirements for the next six months, or provide an explanation as to why
sufficient money shall, or may not be, available.
X. Investment Procedures
The Chief Financial Officer, as the Board’s designee, is responsible for ensuring
compliance with the Commission’s investment policies and establishing written
procedures and internal controls for the operation of the investment program. No
person may engage in investment transactions except as provided under the terms
of this Policy and the written procedures established by the Chief Financial Officer.
The written procedures should address: delegation of authority to subordinate staff
members, control of collusion, separation of transaction authority from accounting
and record keeping, written confirmations of transactions, reconciliation of custody
statements, and wire transfer procedures and agreements. An independent
analysis by an external auditor shall be conducted annually to review internal
control, account activity, and compliance with policies and procedures.
XI. Authorized Broker Dealers and Financial Institutions
The Chief Financial Officer shall maintain a list of authorized broker/dealers and
financial institutions which are approved for investment purposes. It shall be the
Commission’s policy to purchase securities only from those authorized institutions
and firms. Separate lists shall be maintained for broker/dealers and financial
institutions approved for repurchase agreements and those approved for the
purchase of other securities. If an investment advisor is used, they may use their
own list of approved broker/dealers and financial institutions for investment
purposes.
To be eligible, a firm must meet the following minimum criteria: (i) an institution
licensed by the state as a broker-dealer, or from a member of a federally regulated
securities exchange, from a national or state-chartered bank, from a federal or
state association or from a brokerage firm designated as a primary government
dealer by the Federal Reserve bank; and (ii) all broker/dealer firms and individuals
must be properly registered with the NASD and/or SEC to transact business in the
relevant geographic locations and product sectors. In addition, counterparties for
Repurchase Agreements shall be limited to primary government securities dealers
rated “A” or better by two NRSROs. Counterparties shall also have (i) a short-term
credit rating of at least P-1/A-1/or F-1; (ii) minimum assets and capital size of $25
billion in assets and $350 million in capital; (iii) five years of acceptable audited
financial results; and (iv) a strong reputation among market participants.
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The Chief Financial Officer shall select broker/dealers and other financial
institutions on the basis of the firm’s expertise and credit worthiness. The
Commission shall annually send a copy of the current investment policy to all
dealers approved to do business with the Commission. Each broker/dealer or
financial institution that has been authorized by the Commission shall be required
to submit and annually update a Broker/Dealer Questionnaire which includes the
firm’s most recent financial statements. The Chief Financial Officer shall maintain
a file for each firm approved for investment purposes, which includes the most
recent Broker/Dealer Questionnaire.
XII. Safekeeping and Custody
To protect the Commission’s assets, all securities owned by the Commission shall
be held in safekeeping in the Commission’s name by a third party bank trust
department, acting as agent for the Commission under the terms of a custody
agreement executed by the bank and the Commission. All securities will be
received and delivered using standard delivery versus payment (DVP) procedures;
the Commission's safekeeping agent will only release payment for a security after
the security has been properly delivered.
Physical delivery securities shall be avoided whenever possible, as book entry
securities are much easier to transfer and account for since actual delivery of a
document never takes place. In addition, delivered securities must be properly
safeguarded against loss or destruction. The potential for fraud and loss increases
with physically delivered securities.
XIII. Ethics and Conflicts of Interest
The Commission adopts the following policy concerning conflicts of interest:
1. Officers and employees involved in the investment process shall refrain
from personal business activity that could conflict with proper execution of
the investment program or which could impair their ability to make impartial
investment decisions.
2. Officers and employees involved in the investment process shall disclose
any material financial interest in any financial institution that conducts
business with the Commission, and they shall further disclose any large
personal financial/investment positions that could be related to the
performance of the Commission’s portfolio.
3. Officers shall refrain from undertaking personal investment transactions
with the same individual with whom business is conducted on behalf of the
Commission.
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XIV. Investment Policy Review
The Chief Financial Officer shall annually render to the Board a statement of
investment policy, which the Board must consider at a public meeting. Any
changes to the policy shall also be considered by the Board at a public meeting.
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AGENDA ITEM 10
Agenda Item 10
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Theresia Trevino, Chief Financial Officer
THROUGH: John Standiford, Deputy Executive Director
SUBJECT: Proposed Policy Goals and Objectives for Fiscal Year 2019/20 Budget
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Review and approve the proposed Commission Policy Goals and Objectives for the
Fiscal Year 2019/20 Budget;
2) Review and approve the Fiscal Accountability Policies for the FY 2019/20 Budget; and
3) Forward to the Commission for final action.
BACKGROUND INFORMATION:
The initial step in the budget process is to develop policy goals and objectives for the next fiscal
year that are consistent with the Commission’s overall strategic direction. Most importantly, the
adoption of the Commission Policy Goals and Objectives and Fiscal Accountability Policies for the
annual fiscal year budget provides an opportunity to match the Commission’s spending priorities
in a manner that implements the promises made to the citizens of the county of Riverside in the
Measure A Expenditure Plan and fulfills other Commission responsibilities.
The Commission is driven by four core objectives for the people of Riverside County and the
transportation system upon, which they rely:
• Quality of life;
• Operational excellence;
• Connecting the economy; and
• Responsible partner.
Additionally, the fiscal accountability policies that promote fiduciary responsibility and
organizational excellence are summarized in six categories:
• Financial planning;
• Revenues;
• Expenditures/expenses;
• Debt management;
102
Agenda Item 10
• Cash management; and
• Accounting and financial reporting.
The Commission Policy Goals and Objectives will be linked to the individual department goals and
objectives included in the FY 2019/20 Budget, and the Fiscal Accountability Policies will guide the
development and monitoring of the FY 2019/20 Budget.
Attachment: Proposed Commission Policy Goals and Objectives and Fiscal Accountability Policies
for FY 2019/20
103
Policy Goals and Objectives
As approved at its March 13, 2019 meeting, the Commission is driven by four core goals and
underlying objectives for the people of Riverside County and the transportation system upon
which they rely:
QUALITY OF LIFE
RCTC is focused on improving life for the people of Riverside County and empowering them
to live life at their pace.
Choice RCTC empowers the residents of Riverside County to choose how to get
safely to where they are going.
Environmental
Stewardship
RCTC protects and preserves the County’s environment for our residents.
Mobility RCTC provides access, equity, and choice in transportation; RCTC is a
mobility partner.
Access RCTC projects are the connection to employment, schools, community
institutions, parks, medical facilities and shopping in the community.
Goods Movement RCTC facilitates the funding and delivery of projects that mitigate the
impact of increased goods movement flow through Riverside County.
OPERATIONAL EXCELLENCE
RCTC is a responsible and conservative steward of taxpayer dollars.
State of Good Repair RCTC invests in road safety and maintenance in its residents’
neighborhoods.
Promises Fulfilled Projects are completed on-time, on-budget; RCTC delivers on its promises
as a steward of Riverside County residents’ investment.
Innovation Program and project delivery innovations drive results, savings, and
greater economic opportunities for Riverside County residents.
Information RCTC operations are transparent; customers get fast, timely, quality
service.
CONNECTING THE ECONOMY
RCTC is a driver of economic growth in Riverside County.
Workforce Mobility RCTC improves the economy by creating a robust workforce to
workplace system; RCTC helps move the economy of Riverside County.
Population Growth
Since 1976, RCTC has been responsible for connecting our County’s
economy as the County’s population has quadrupled from 550,000 to 2.4
million today.
Economic Impact
RCTC has invested almost $4 billion in the County’s economy thanks to
Measure A and future toll revenues, which has a multiplier impact in terms
of jobs and economic opportunity throughout Riverside County.
ATTACHMENT 1
104
RESPONSIBLE PARTNER
RCTC partners with local, regional, and state governments to deliver road and transit projects.
Streets and Roads RCTC invests in local priorities for maintaining streets and roads and fixing
potholes.
Transit RCTC is a partner with transit operators to provide residents mobility
choices, flexibility, intercity and intercounty connectivity, and access.
Active Transportation
Facilities
RCTC is a partner with agencies within the County to promote active
transportation alternatives, including the building of regional trails and
bicycle and pedestrian facilities in accordance with local general master
and active transportation plans.
Grants RCTC is a steward of state and federal grants to improve our
communities.
Local Measure A Value RCTC invests Measure A dollars into projects and programs that benefit
local communities throughout the County.
Staff used these core goals and objectives to prepare this budget and develop the following short-
term objectives to guide further the development of the FY 2019/20 budget.
Capital Project Development and Delivery
• Continue design and construction of the Interstate (I) 15 Express Lanes and development of
the 71/91 interchange improvements, State Route(SR) 60 truck lanes and Mid County Parkway
projects included in the Western Riverside County Delivery Plan.
• Maintain and enhance communication and collaboration with Caltrans to improve the
Commission’s ability to deliver critical projects.
• Aggressively pursue commencement of development of the I-15 Express Lanes—Southern
Extension project.
• Enhance corridor mobility and traveler choice with the construction of the I-15 Express Lanes
and 91 corridor operations project and development of the next generation of express lanes
projects.
• Collaborate with local jurisdictions to implement the Transportation Uniform Mitigation Fee
(TUMF) regional arterial program projects and facilitate the delivery of eligible arterial
improvements in western Riverside County (Western County).
• Continue active engagement in state and federal efforts to streamline and modernize the
California Environmental Quality Act (CEQA) and the National Environmental Policy Act
(NEPA) to improve the Commission’s ability to deliver critical projects.
Toll Operations
• Efficiently operate express lanes and achieve high customer satisfaction through reduction in
congestion, mobility improvements, and management of demand.
Regional Programs
• Maintain an active involvement in state and federal legislative matters to ensure that the
Commission receives proper consideration for transportation projects and funding.
• Continue the development of a county-wide transportation plan and the first ten-year update
of the 2009 Measure A Expenditure Plan, as required by the ordinance.
• Subsidize reliable and cost-effective Metrolink commuter rail service to and from Riverside
County; Southern California Regional Rail Authority (SCRRA) is the operator of Metrolink.
• Provide leadership in the planning and development of the Coachella Valley-San Gorgonio
Pass corridor rail service.
• Support innovative programs that provide transit assistance in hard to serve rural areas or for
riders with special transit needs.
• Promote cost controls and operating efficiency for transit operators.
105
" M a i n t a i n e f f e c t i v e p a r t n e r s h i p s a m o n g c o m m u t e r s , e m p l o y e r s , a n d g o v e r n m e n t t o i n c r e a s e
t h e e f f i c i e n c y o f o u r t r a n s p o r t a t i o n s y s t e m b y e n c o u r a g i n g a n d p r o m o t i n g m o t o r i z e d a n d
n o n - m o t o r i z e d t r a n s p o r t a t i o n a l t e r n a t i v e s .
" P r o v i d e a m o t o r i s t a i d s y s t e m t h a t e n s u r e s s a f e t y a n d c o n v e n i e n c e t o f r e e w a y m o t o r i s t s .
M a n a g e m e n t S e r v i c e s
" M a i n t a i n c l o s e c o m m u n i c a t i o n w i t h C o m m i s s i o n e r s a n d e d u c a t e p o l i c y m a k e r s o n a l l i s s u e s
o f i m p o r t a n c e t o t h e C o m m i s s i o n .
" D e v e l o p a n d e x e c u t e a c o m m u n i c a t i o n s a n d p u b l i c e n g a g e m e n t s t r a t e g y f o r t h e p u r p o s e s
o f e d u c a t i o n , i n f o r m a t i o n , a n d c u s t o m e r s e r v i c e .
" M a i n t a i n a d m i n i s t r a t i v e p r o g r a m d e l i v e r y c o s t s b e l o w t h e p o l i c y t h r e s h o l d o f 4 % o f M e a s u r e A
r e v e n u e s ; t h e F Y 2 0 1 9 / 2 0 M a n a g e m e n t S e r v i c e s b u d g e t i s X . X X % o f M e a s u r e A r e v e n u e s .
" M a i n t a i n a d m i n i s t r a t i v e s a l a r i e s a n d b e n e f i t s a t l e s s t h a n 1 % o f M e a s u r e A r e v e n u e s ; t h e F Y
2 0 1 9 / 2 0 a d m i n i s t r a t i v e s a l a r i e s a n d b e n e f i t s i s 0 . X X % o f M e a s u r e A r e v e n u e s .
" M a i n t a i n p r u d e n t c a s h r e s e r v e s t o p r o v i d e s o m e l e v e l o f i n s u l a t i o n f o r u n p l a n n e d
e x p e n d i t u r e s .
" M a i n t a i n c u r r e n t s t r o n g b o n d r a t i n g s w i t h r a t i n g a g e n c i e s .
" E s t a b l i s h a n d m a i n t a i n r e v e n u e s a n d r e s e r v e s g e n e r a t e d f r o m t o l l o p e r a t i o n s t o b e a v a i l a b l e
f o r d e b t s e r v i c e i n a c c o r d a n c e w i t h t o l l s u p p o r t e d d e b t a g r e e m e n t s ; m a i n t e n a n c e , r e p a i r ,
r e h a b i l i t a t i o n , a d m i n i s t r a t i o n a n d o p e r a t i o n s ; a n d c a p i t a l p r o j e c t s w i t h i n t h e c o r r i d o r .
L i n k i n g C o m m i s s i o n P o l i c y G o a l s a n d D e p a r t m e n t a l G o a l s a n d O b j e c t i v e s
T h e f o l l o w i n g m a t r i x ( T a b l e 1 ) i l l u s t r a t e s t h e l i n k a g e o f t h e C o m m i s s i o n s c o r e p o l i c y g o a l s
d e s c r i b e d i n t h i s s e c t i o n t o t h e i n d i v i d u a l d e p a r t m e n t a l g o a l s a n d o b j e c t i v e s i n c l u d e d i n S e c t i o n
5 .
T a b l e 1 R e l a t i o n s h i p b e t w e e n C o m m i s s i o n a n d D e p a r t m e n t a l G o a l s
D e p a r t m e n t Q u a l i t y o f
L i f e
O p e r a t i o n a l
E x c e l l e n c e
C o n n e c t i n g
t h e
E c o n o m y
R e s p o n s i b l e
P a r t n e r
M a n a g e m e n t S e r v i c e s
E x e c u t i v e M a n a g e m e n t X X X X
A d m i n i s t r a t i o n X
E x t e r n a l A f f a i r s X X X
F i n a n c e X
R e g i o n a l P r o g r a m s
P l a n n i n g a n d P r o g r a m m i n g X X X X
R a i l M a i n t e n a n c e a n d O p e r a t i o n s X X X X
P u b l i c a n d S p e c i a l i z e d T r a n s i t X X X X
C o m m u t e r A s s i s t a n c e X X X X
M o t o r i s t A s s i s t a n c e X X X
C a p i t a l P r o j e c t D e v e l o p m e n t a n d
D e l i v e r y X X X X
T o l l O p e r a t i o n s X X X X
1 0 6
Fiscal Accountability Policies
As the steward of local, state, and federal resources, RCTC maintains financial
policies that promote fiduciary responsibility and organizational excellence.
Financial Planning
Balanced Budget RCTC adopts an annual budget in which operating and capital
expenditures and other financing uses are equal to or less than identified
revenues and other financing sources as well as available fund balances.
Administration Allocations from local and state sources and toll operations fund
administrative costs, including salaries and benefits.
o Administrative salaries and benefits cannot exceed 1% of Measure A
sales tax revenues.
o Administrative costs will not exceed 4% of Measure A sales tax revenues
(inclusive of the 1% salary limitation).
Retirement Benefits RCTC contributes 100% of the annual requirement related to its
proportionate share of the net pension liability and to the postretirement
health care benefits.
Capital Projects Multi-year capital projects are consistent with the strategic plan and
budgeted by fiscal year, based on best available estimates.
Reserves RCTC establishes and maintains reserves in accordance with Measure A
and TDA policies as well as debt agreements.
Revenues
Sales Tax RCTC prepares annual and mid-year revised revenue projections to ensure
use of current and relevant data; staff may adjust amounts during the
budget process to reflect the most current economic trends.
Tolls RCTC-adopted policies establish congestion pricing in order to optimize
throughput on toll facilities while generating revenue to meet all financial
commitments related to:
o Debt issued to construct or repair any portion of the toll facility, payment
of debt service, and satisfaction of other covenants and obligations
related to indebtedness of the toll facility, including applicable reserves;
o Development, maintenance, repair, rehabilitation, improvement,
reconstruction, administration, and operation of the toll facilities,
including toll collection and enforcement and applicable reserves; and
o Projects within the corridor that generated the revenue.
Funding Sources RCTC uses local funding sources to maximize federal and state funding of
projects.
Sale of Properties RCTC returns proceeds from the disposition of excess properties to the
programs that provided the funding sources for the property acquisition.
ATTACHMENT 2
107
Expenditures/Expenses
Priorities RCTC reviews established priorities for planning and programming of capital
projects annually.
Accountability RCTC compares actual expenditures/expenses to the budget on at least a
quarterly basis and appropriately notes, explains, and justifies significant
deviations.
Procurement RCTC ensures competitive, transparent, objective, and fair procurement
selection processes in accordance with policies adopted on June 13, 2018.
Capital and Intangible
Assets
On a government-wide basis, RCTC records capital and intangible assets at
historical costs, estimated historical costs if purchased or constructed, or
estimated fair value at date of donation. RCTC maintains such assets in a
state of good repair and safeguards them from misuse and
misappropriation.
o RCTC generally does not capitalize infrastructure, which title will be
vested with Caltrans or other governmental agency.
o RCTC depreciates capital and amortizes intangible assets over the
estimated useful life or service concession term.
Debt Management
Debt Limitation Outstanding sales tax revenue debt cannot exceed $975 million, in
accordance with Measure K approved by a majority of the voters in
November 2010; RCTC can issue toll-supported debt for specific highway
projects based on amounts authorized by the Commission.
Management RCTC maintains and updates the Debt Management Policy, as adopted on
September 14, 2016, and Interest Rate Swap Policy, as adopted July 12,
2006, for matters related to sales tax revenue and toll-supported
indebtedness.
Coverage RCTC maintains debt coverage ratios of 2.0x on all senior sales tax revenue
debt and 1.3x on all toll-supported debt.
Issuance RCTC issues debt for major capital projects including engineering, right of
way, construction, and design-build; RCTC will not finance operating
requirements except for initial toll operations. Costs of issuance, including
the standard underwriter’s discount, do not exceed 2% unless specifically
authorized.
Maturity All sales tax revenue debt matures prior to the termination of 2009 Measure
A on June 30, 2039; all toll-supported debt matures prior to the expiration of
toll facility agreements.
Cash Management
Management RCTC invests funds in order of priority (safety, liquidity, and yield) in
accordance with the Investment Policy, adopted on December 12, 2018,
or debt agreements.
Receipts Where possible, RCTC encourages receipt of funds by wire transfer to its
accounts.
Payments RCTC makes cash disbursements to local jurisdictions and
vendors/consultants in a timely manner.
Operating Balances RCTC maintains amounts in the bank operating account at the amount
necessary to meet monthly expenditures/expenses.
108
Accounting and Financial Reporting
Accounting System RCTC maintains an ERP system that integrates project and toll operations
accounting needs and improves accounting efficiency.
Reporting RCTC issues a Comprehensive Annual Financial Report (CAFR); separate
financial reports for the LTF, STA, Proposition 1B Rehabilitation and Security
Project Accounts, SB 1 State of Good Repair (SGR) Program, Low Carbon
Transit Operations Program (LCTOP), and toll operations; and the State
Controller’s Transportation Planning Agency Financial Transactions Report
and Government Compensation in California Report.
Audits An independent accounting firm conducts an annual audit of the
Commission’s accounting books and records; RCTC obtains audits of
Measure A and TDA funding recipients for compliance and other matters in
a timely manner.
109
COMMISSION GOALS AND
FISCAL POLICIES
FY 2019/20 Budget
Theresia Trevino, Chief Financial Officer
1
Commission Goals and Fiscal Policies
Budget Development
FY 2019/20 BUDGET
2
Commission Goals
and Policies
•Workshop
•Core goals and
objectives
•Guiding fiscal
policies
Department Goals and
Objectives
•Specific to
department or
program
•Correlate to core
goals and objectives
Budget Development
and Adoption
•Public hearings open
in May
•Adopt budget by
June 15th
Commission Goals and Fiscal Policies
Commission Goals and Objectives
FY 2019/20 BUDGET
3
Quality of Life
•Choice
•Environmental
Stewardship
•Mobility
•Access
•Goods
Movement
Operational
Excellence
•State of Good
Repair
•Promises
Fulfilled
•Innovation
•Information
Connecting the
Economy
•Workforce
Mobility
•Population
Growth
•Economic
Impact
Responsible
Partner
•Streets and
Roads
•Transit
•Active
Transportation
•Grants
•Local Measure
A Value
Commission Goals and Fiscal Policies
Guiding Fiscal Policies
FY 2019/20 BUDGET
4
Financial planning
Revenues
Expenditures/expenses
Debt management
Cash management
Accounting and reporting
Commission Goals and Fiscal Policies
Next Steps
FY 2019/20 BUDGET
5
Final Budget
June 12 –Commission closes public hearing and adopts budget
Draft Proposed Budget
April 22 –B&I reviews Executive Summary May 8 –Commission opens public hearing and reviews
Executive Summary
Development of Budget
Departmental budgets, including linkage to Commission goals
and objectives
Compilation and review of budgets consistent with fiscal
policies
AGENDA ITEM 11
Agenda Item 11
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Jillian Guizado, Legislative Affairs Manager
THROUGH: Aaron Hake, External Affairs Director
SUBJECT: State and Federal Legislative Update
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Receive and file an update on state and federal legislation;
2) Adopt RCTC’s Federal Reauthorization Principles;
3) Adopt the following bill position:
a) AB 252 (Daly, Frazier); and
4) Forward to the Commission for final action.
DISCUSSION:
State Update
With the 2019-2020 legislative session underway, the State Legislature has begun hearing
proposed legislation and will continue to do so through August. Staff is following all relevant bill
introductions and over the coming months will bring recommended bill positions for the
Commission to consider adopting. At present, staff is tracking more than 50 bills.
AB 252 (Daly, Frazier) – Staff Recommendation: Support
In early 2017, Assemblymember Jim Frazier authored a bill that Governor Brown ultimately
signed, AB 28, to reauthorize National Environmental Policy Act (NEPA) Assignment, as
authorized by memoranda of understanding with the Federal Highway Administration. At the
time, there was a sunset date of January 1, 2017, which AB 28 extended to January 1, 2020. In
advance of yet another impending sunset date on this valuable federally authorized program, the
Self-Help Counties Coalition, of which the Commission is a member, is sponsoring AB 252 to
remove the sunset date.
The Commission has benefitted first-hand from NEPA Assignment, most recently on the State
Route 79 Realignment project. To that end, the Commission’s recently adopted 2019 State and
Federal Legislative Platform includes a principle under “Project Delivery Streamlining” to
“support removing the statutory sunset on the NEPA Assignment program California participates
110
Agenda Item 11
in with the Federal Highway Administration which continues to benefit Commission projects.”
Staff is recommending the Commission take a support position on AB 252.
Federal Update
As of the writing of this agenda item, the federal government had not passed an appropriations
bill to keep the government open and funded beyond February 15, 2019. A timelier federal
update will be provided orally to the Committee.
RCTC’s Federal Reauthorization Principles
In 2015, Congress passed the Fixing America’s Surface Transportation (FAST) Act; a five-year
federal transportation authorization bill. When the FAST Act was passed, it included historic
funding levels for surface transportation programs and even created a new discretionary grant
program, the Nationally Significant Freight and Highway Projects program, currently known as
INFRA. The FAST Act authorizes transportation spending by the federal government through
Federal Fiscal Year 2020. While the FAST Act’s expiration is 18 months away, House and Senate
committees have already begun holding hearings to lay the framework for what the next
transportation reauthorization bill looks like. As such, staff has developed and is recommending
for adoption, six federal reauthorization principles (Attachment 1) which will be used by staff and
legislative advocates in Washington, D.C. to lobby for federal policies and investments that may
offer the most benefit to the Commission.
The six federal reauthorization principles being recommended and impetus behind them are as
follows:
1. Recognize the importance of federal transportation funding to ensure continued delivery
of important transportation projects.
2. Facilitate project selection and funding control at local level to get projects delivered as
quickly and efficiently as possible.
3. Streamline the environmental process and reduce the project delivery timeline to deliver
projects to the public faster.
4. Improve project programming and planning processes to reduce the administrative
burden on local and regional transportation agencies.
5. Provide additional funding to mitigate freight impacts in recognition of the severe
congestion and air quality impacts caused by large volumes of freight moving through
Riverside County.
6. Continue TIFIA and support tolling on public highways to avail counties like Riverside of
innovative methods for funding and delivering transportation improvements.
Attachment: RCTC’s Federal Reauthorization Principles
111
RCTC’s Federal Reauthorization Principles
1
1) Recognize importance of federal transportation funding
a. Ensure the Highway Trust Fund stays funded to maintain and improve the country’s
transportation assets.
b. The self-help county model works because significant local investment leverages federal
dollars to accomplish more. Partner with federal investment to finish the job locals
have started.
c. Recognition of self-help counties stepping up and taking risks to deliver transportation
improvements.
2) Facilitate project selection and funding control at local level
a. Increase sub-allocation of Surface Transportation Block Grant funding to regional
governments.
b. Continue to provide regional governments with direct project selection authority for
sub-allocated funds.
c. Explicitly allow MPOs to distribute TAP funding by formula.
d. Regional and local governments should be an eligible recipient of Federal Railroad
Administration (FRA) grant funds.
3) Streamline environmental process, reduce project delivery timeline
a. NEPA reciprocity: ensure California is one of the two states allowed to participate in the
pilot and repeal the sunset provision limiting the timeframe of the pilot program.
b. NEPA clean-up and streamlining:
i. Establish strict deadlines for bringing NEPA lawsuits challenging the analysis or
procedure of environmental review documents;
ii. Establish regulations limiting judicial remedies to avoid costly (time and money)
project delays over minor administrative revisions to environmental documents;
and
iii. Cap the volume of materials that can be included in a NEPA document to realign
with the original directive for an EIS to be 150 to 300 pages.
4) Improve project programming and planning processes
a. Revise the Federal Transportation Improvement Plan (FTIP) requirement to be fiscally
constrained in four years to five years to be consistent with the State Transportation
Improvement Plan (STIP) and allow more flexibility in obligating funds.
b. FTIP amendments process:
i. Allow Air Quality Exempt Project Categories in the TIP to be amended without
US DOT approval; and
ii. Allow originally-approved projects in the TIP to be amended to account for cost
increases due to construction materials and other market forces if the cost
increases do not exceed 30% or $10 million.
c. Streamline federal project requirements in order to improve the ability of local
governments to obligate and expend federal funds in an expeditious manner.
112
RCTC’s Federal Reauthorization Principles
2
5) Provide additional funding to mitigate freight impacts
a. Continue to fund the National Highway Freight Program.
b. Ensure eligibility of freight mitigation projects under the National Highway Freight
Program to address the impact of freight movements on local government
transportation systems and public health and safety.
c. Ensure roadway infrastructure freight mitigation projects are weighed the same as other
freight projects in any discretionary grant program.
d. Freight policies and discretionary grant programs should recognize the impact of goods
movement from the Ports of Los Angeles and Long Beach and the U.S.-Mexico border on
the entirety of southern California.
e. Provide federal dollars for investing in shared-use rail corridors that benefit passenger
rail.
6) Continue TIFIA and support tolling on public highways
a. Continue adequate funding of the TIFIA program.
b. Allow habitat conservation plans or plans for advanced mitigation to be considered
stand-alone projects eligible for TIFIA loan assistance.
c. Maintain mode neutrality for the TIFIA program.
d. Continue to utilize a rolling application process for TIFIA assistance.
e. Ensure implementation of Congressional intent related to TIFIA assistance to equal up to
49% of project costs.
f. Continue Build America Bureau and FHWA efforts to address permitting issues with
other regulatory agencies.
g. Encourage integration of TIFIA requirements into other approval processes.
h. Streamline the Letter of Interest process in order to provide greater schedule certainty
for TIFIA loan applicants.
i. Continue to authorize the Value Pricing Pilot Program.
113
AGENDA ITEM 12
Agenda Item 12
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Shirley Medina, Planning and Programming Director
THROUGH: John Standiford, Deputy Executive Director
SUBJECT: Active Transportation Program Cycle 4 – Riverside County Project
Recommendations for Metropolitan Planning Organization Regional Program
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Approve the Riverside County Active Transportation Program (ATP) projects for inclusion
in the Metropolitan Planning Organization (MPO) ATP Regional Program Cycle 4
consisting of the highest scoring implementation projects in the total amount of
$10,612,000;
2) Authorize staff to adjust the amounts to projects in either the ATP or Sustainable
Communities Program to maximize available funds in Riverside County;
3) Submit the recommended projects to the Southern California Association of
Governments (SCAG) for inclusion in the MPO ATP Regional Program and subsequent
submittal to the California Transportation Commission (CTC) for final approval in June
2019;
4) Submit the MPO ATP regional projects to SCAG for inclusion in the Federal Transportation
Improvement Program (FTIP) programming;
5) Direct staff to coordinate with the MPO ATP Regional Program project sponsors regarding
timely funding allocations, obligations, and project delivery; and
6) Forward to the Commission for final action.
BACKGROUND INFORMATION:
Senate Bill 99 created the ATP focusing state and federal funds toward projects that improve
public health and reduce greenhouse gases. The CTC is responsible for administering the
program including the development of guidelines, which involves local agency and public input.
Project categories for these funds mainly include pedestrian and bicycle facilities or programs
that enhance or encourage walking and bicycling. ATP Cycle 4 began with the release of a call for
projects on May 16, 2018. The call for projects included three categories of funding:
Funding Category Amount
Statewide Competitive (50%) $ 232,173,000
Small Urban and Rural Competitive (10%) 46,434,600
Large MPO Competitive (40%) 185,738,400
114
Agenda Item 12
Total Available ATP Funds – Cycle 4 $ 464,346,000
Applications were due to the CTC and Caltrans by July 31, 2018. The CTC received a total of 554
project applications requesting over $2.2 billion in ATP funds over four fiscal years (FY 2019/20
through FY 2022/23). Scoring of applications was managed by the CTC and involved the
participation of various agencies including, but not limited to, regional transportation planning
agencies, MPOs, Caltrans, councils of governments, county public health departments, and
advocacy and interest groups such as Safe Routes to Schools (SRTS), California Bicycle Coalition,
and Rails to Trails. In total, Riverside County agencies submitted 34 projects requesting
approximately $138 million of ATP funding in this cycle of funding.
The ATP process allows applicants two rounds of opportunity to be awarded – statewide and
MPO level. As part of the sequential project selection, projects are first evaluated statewide and
those that are not ranked high enough for statewide funding are automatically provided a second
opportunity for funding through the Large MPO share.
Applications were scored based on the following criteria established by the CTC:
• Benefits to Disadvantaged Communities (DAC)
• Need
• Safety
• Public Participation & Planning
• Scope and Plan Consistency
• Implementation & Plan Development
• Context Sensitive & Innovation
• Transformative Projects
• Evaluation and Sustainability
• Cost Effective
• Leveraging
• Conservation Corps
• Past Performance
CTC/Caltrans Statewide Competitive Funding Recommendations
On January 30, 2019, the CTC approved its project recommendations for the statewide
competitive component, which included the following six projects from Riverside County:
CTC/CALTRANS ATP PROJECT FUNDING FOR RIVERSIDE COUNTY – STATEWIDE COMPETITION
Agency Project ATP Request *DAC CTC
Score
Desert Hot Springs Hacienda Ave SRTS (sidewalk, bike,
ADA, lights) $1,322,000 X 95
Riverside County Thermal & Oasis; multimodal trails,
pedestrian 6,844,000 X 93
115
Agenda Item 12
Temecula Santa Gertrudis Creek Trail Ph II 1,502,000 X 91
Eastvale North/South Bike Gap Closure 4.7 mi 6,471,000 X 90
Jurupa Valley Sunnyslope SRTS: 9k sidewalk,
crosswalk, ramp 2,855,000 X 90
Moreno Valley Juan Bautista: 4 mile multi use trail 8,403,000 X 89
Riverside County Statewide Total $27,397,000
MPO Regional Program Recommendations
The SCAG MPO ATP share is $92.5 million for the six-county region and includes approximately
$88 million for implementation projects and $4.6 million for planning and non-infrastructure
activities. The $88 million for implementation projects is distributed by county based on
population. For non-infrastructure projects, 5 percent is available from ATP and other state fund
sources for $4.6 million and is also distributed by population.
County Infrastructure
Funding Amount
Non-
Infrastructure
Funding Amount
Imperial $ 841,000 $ 44,000
Los Angeles 47,503,000 2,500,000
Orange 14,770,000 777,000
Riverside 10,937,000 576,000
San Bernardino 9,920,000 522,000
Ventura 3,973,000 209,000
Total $ 87,944,000 $ 4,628,000
ATP guidelines require that large MPOs, such as SCAG, work with the county transportation
commissions to develop their regional program recommendations. For ATP Cycle 4, SCAG revised
its MPO ATP guidelines to allow each county transportation commission to increase the point
distribution from 10 to up to 20 points to be added to the CTC score for projects based on local
criteria. Commission staff reviewed the revised point distribution with the Technical Advisory
Committee and recommended the below distribution, which was approved at its November 2018
Commission meeting:
20 Point Distribution (Infrastructure Projects) –
10 points for projects identified within the Western Riverside Council of
Government’s Subregional ATP; Coachella Valley Association of Governments
(CVAG)Non-Motorized Plan; or an adopted local active transportation plan,
bike or pedestrian master plan, or SRTS Plan;
4 points for projects requesting construction-only funding; and
6 points for projects requesting construction funding in the first two programming
years of the ATP Cycle 4 call for projects.
116
Agenda Item 12
Adding 20 points to Riverside County project scores for the projects not recommended for the
statewide competitive program results in the next highest scored projects that can be funded
from Riverside County’s share of MPO funding:
RIVERSIDE COUNTY MPO IMPLEMENTATION PROJECT RECOMMENDATIONS
Agency Project ATP Request Cumulative
Total
CTC Score/
RCTC Score
Palm Desert San Pablo; sidewalk, bike
lanes, class 4, roundabouts $ 3,222,000 $ 3,222,000 86/106
Riverside County
El Toro SRTS Sidewalk, 5k
sidewalk, curb ramps,
crosswalk
2,311,000 5,533,000 77/87
Lake Elsinore Murrieta Creek Multi Use
Trail – 1 mile 5,079,000 10,612,000 76/86
Total Available $ 10,937,000
*Balance 325,000
*Staff will work with agencies and SCAG to fully utilize the balance of $325,000.
Two other high scoring projects were considered for MPO funding, which include 1) Desert Hot
Springs’ CV Link Extension – 13 mile pathway at $22.284 million (RCTC Score: 98); and 2) CVAG
Coachella Valley Arts & Music Line – 10 mile pathway at $24.989 million (RCTC Score: 92).
Unfortunately, these two projects required a considerably higher amount of funding than the
$7.7 million that was available after funding the City of Palm Desert project. Staff contacted the
City of Desert Hot Springs and CVAG to inquire if they had sufficient funding to cover the shortfall
and each replied that it did not. Also, projects cannot be segmented or downsized as this would
affect the evaluation scores. Therefore, staff selected the following two highest scoring projects
reflected in the above table. Staff will continue to work with the City of Desert Hot Springs and
CVAG to review ways to improve the competitiveness of these transformative projects for the
next ATP cycle.
SCAG Sustainability Communities Program (SCP)
As part of the MPO ATP share, SCAG sets aside 5% for planning and non-infrastructure activities,
which is capped at a maximum of $500,000 per project. SCAG’s draft recommendations include
the following projects:
• Riverside County Department of Public Health – SRTS Program, City of Desert Hot Springs,
$500,000 (County ATP fund request is $610,000)
• City of Cathedral City – Cathedral City Active Transportation Plan, $250,000
117
Agenda Item 12
Lastly, SCAG’s draft recommendations for SCP is to fund the city of Riverside’s Pedestrian Target
Hardening Plan for $250,000 through another SCAG planning program.
As of the writing of this report, SCAG’s recommendations have not been approved. Staff will
work with SCAG on finalizing the recommendations for ATP and SCP funds including the
possibility of utilizing the balance from the MPO Infrastructure pot. SCAG will approve the ATP
MPO project recommendations for the region at its April 2019 Board meeting and forward its
recommendations to the CTC for final approval at the CTC June 2019 meeting.
Next Steps
Upon approval of the above recommendations for MPO ATP funding, staff will submit the
projects to SCAG for inclusion in the MPO ATP Regional Program Cycle 4. Subsequently, SCAG
will submit the MPO Regional Program projects to the CTC for final approval at the June 2019
CTC meeting.
Staff will work closely with project sponsors in preparing allocation funding requests and requests
for obligating federal funds. Projects will also be required to be included in the FTIP.
Staff will continue to participate in CTC/Caltrans working groups to further develop and improve
the ATP guidelines and process, and participate in future evaluations of ATP project applications.
Financial Impact
ATP funds are administered through the CTC, Caltrans, and the Federal Highway Administration.
The Commission is not a recipient of these MPO ATP funds; therefore, there is no fiscal impact to
the Commission’s budget.
Attachment: ATP Scores for All Riverside County Applications
118
State
Scores Agency Project Total Project
Cost ATP Request 19/20 20/21 21/22 22/23 PAED PSE ROW CON CON NI
95 Desert Hot Springs Hacienda Ave SRTS (sidewalk, bike, ADA, lights)1,498 1,322 1,322 1,322
93 Riverside Co Thermal & Oasis; multi modal trails, ped 6,944 6,844 850 5,994 300 500 5,944
91 Temecula Santa Gertrudis Creek Trail Phase II; UC, light, signs 2,085 1,502 1,502 1,462
90 Eastvale North/South Bike Gap Closure 4.7 mile 8,091 6,471 871 5,600 114 457 5,600
90 Jurupa Valley Sunnyslope SRTS: 9K sidewalk, crosswalk, ramp, RRFB 3,173 2,855 389 2,466 1 388 2,466
89 Moreno Valley Juan Bautista: 4 mile multi use trail 8,653 8,403 1,010 7,393 350 600 7,393
TOTAL 30,444 27,397
WRCOG/
CVAG
Plan?
10pts
CON
Only?
4pts
CON
19/20 or
20/21?
6pts
MPO
Scores
State
Scores Agency Project Total Project
Cost ATP Request 19/20 20/21 21/22 22/23 PAED PSE ROW CON CON NI
10 4 6 106 86 Palm Desert San Pablo; sidewalk, bike lanes, class 4, roundabouts 4,053 3,222 3,222 3,222
10 87 77 Riverside Co El Toro SRTS Sidewalk; 5K sidewalk, curb ramps, crosswalk 2,311 2,311 50 410 1,851 50 330 80 1,763 88
10 86 76 Lake Elsinore Murrieta Creek Multi-Use Trail - 1 mile 5,079 5,079 365 350 460 3,904 365 350 460 3,904
TOTAL 11,443 10,612
Riverside Share 10,937
Remaining 325
10 4 98 84 Desert Hot Springs CV Link Extension - 13 mile pathway 23,904 22,284 22,284 22,284
10 4 92 78 CVAG Coachella Valley Arts & Music Line -10 mile pathway 31,629 24,989 24,989 24,989
10 85 75 Hemet 12K multi-use path, bike lane, walkway 6,937 5,514 653 4,861 222 431 4,861
10 85 75 Jurupa Valley Mira Loma SRTS: 16K sidewalk, crosswalk, ramp, RRFB, solar beacons 2,583 2,324 324 2,000 1 323 2,000
10 85 75 Lake Elsinore Machado Street Sidewalk - ped & bike facility 1,441 1,441 210 120 1,111 10 200 120 1,111
10 84 74 Jurupa Valley Granite Hill SRTS: 14K sidewalk, crosswalk, ramps 3,577 3,211 411 2,800 1 410 2,800
10 82 72 Indio Clinton & Miles SRTS: crosswalk, speed signs, bike lanes, curb 5,837 5,837 175 525 5,137 175 525 5,137
10 80 70 Riverside Co Theda SRTS Sidewalk; 2K sidewalk, curb/gutter, ADA, beacons 1,726 1,726 30 495 1,201 30 210 285 1,111
10 4 6 79 59 Wildomar Bundy Canyon; 2.2 mile class I 5,072 4,007 4,007
10 4 6 73 53 Riverside HAWK Signals, traffic signals 1,461 1,242 1,242 1,242
10 67.5 57.5 Riverside Co Dillon Road Bike Lane; Class II, rumble strips, signs 3,387 3,387 100 430 2,857 100 350 80 2,832
10 66 56 Riverside Co Lakeview SRTS Sidewalk; 2K sidewalk, curb/gutter, ADA 1,498 1,498 25 250 1,223 25 200 50 1,148
10 65 55 Riverside Co El Nido SRTS Sidewalk; 3K sidewalk, curb/gutter, crosswalk 1,641 1,641 30 322 1,289 30 250 72 1,289
10 63 53 Riverside Co Hemet SRTS Sidwalk; 3K sidewalk, ada, crosswalk 1,907 1,907 25 565 1,317 25 225 340 1,157 160
10 4 62 48 Riverside Ramona Neighborhood & Magnolia ped improv 2,392 1,894 1,894 1,894
10 60 50 Lake Elsinore 1.2 miles safety improvement, multi use path, retaining wall 3,979 3,979 85 270 415 3,209 85 270 415 3,209
10 4 6 54 34 Palm Springs Sidewalk Gap Closure, sidewalk, ramps 3,178 2,861 2,861 2,861
10 53 43 Lake Elsinore 1.7 miles safety improvement, bike lane, retaining wall 6,479 6,479 160 350 445 5,524 160 350 445 5,524
10 27 17 Murrieta Whitewood Rd; sidewalk 955 850 110 740 20 90 740
10 9 -1 Beaumont Rehab Cherry Avenue Channel Walkway, ped bridge, lighting 785 785 100 685 10 90 685
TOTAL 110,368 97,856
STATEWIDE COMPONENT
ATP CYCLE 4
RCTC 20 PT MPO COMPONENT
119
State
Scores Agency Project Total Project
Cost ATP Request 19/20 20/21
Cathedral City*Cathedral City Active Transportation Plan (ATP)250
87 Riv Co Heatlh SRTS Desert Hot Springs 610 610 610
87 Riverside*Pedestrian Target Hardening Plan 250 220 220
86 Riv Co Heatlh SRTS Corona 580 580 580
84.5 Perris Cape - Cyclist and Ped Edu programs 594 559 559
76 Riv Co Heatlh SRTS Moreno Valley 640 640 640
TOTAL 2,674 2,609
NUMBER OF APPLICATIONS SUBMITTED 34
*Project not submitted through ATP Cycle 4
*Project awarded with other SCAG source
SCAG SUSTAINABLE COMMUNITIES PROGRAM
120
California Transportation Commission’s
2019 Active Transportation Program -Cycle 4
Large Metropolitan Planning Organization (MPO) Regional Program Project Recommendations
Shirley Medina
Planning and Programming Director
ATP Program Overview
•Administered by the California Transportation Commission (CTC)
•Funds bicycle and pedestrian facilities and programs to
enhance or encourage walking and biking
•Competitive:
–Statewide and Small/Rural Programs
–Large MPO level
25% of ATP Dollars Must Fund Projects In Disadvantaged
Communities
Distribution of Funds –Cycle 4
554 total applications = $2.2 B
34 from Riverside Co = $136M$464 M
FYs 19/20 –22/23
$278.6 M (60%)
State/Rural
SCAG = $92.572 M
$185.7 M (40%)
MPO
$10.937 M (12%)
Riverside County
$87.943 M (95%)
Implementation
$4.629 M (5%)
Planning/Non-
Infrastructure
SCAG
2019 Sustainability
Planning Grants
(SPG) Program
Note: Percentages are rounded, amounts are actual
ATP Cycle 4 Statewide = $278.6 M
CTC Approved Statewide/Rural Programs –Jan 2019
Projects Scoring 89 and above
CTC Awarded 6 Riverside County Projects:
-Desert Hot Springs Hacienda Ave SRTS, ped, bike $1.322 m
-County of Riverside Thermal & Oasis; multimodal trails, ped $6.844m
-Temecula Santa Gertrudis Creek Trail Ph II $1.502m
-Eastvale North/South Bike Gap Closure 4.7 mi $6.471m
-Jurupa Valley Sunnyslope SRTS, 9k sidewalk, crosswalk $2.855m
-Moreno Valley Juan Bautista, 4 mi multiuse trail $8.403m
$27.397m
ATP Cycle 4 MPO SCAG $92.572 M
Riverside County Share = $10.937 M
SCAG MPO Guidelines Allows additional 20 points
RCTC Approved 20 point distribution
Total Points Category
10 points Projects/Programs Consistent With Regional/Local Plans
6 points Projects Requesting Construction Funding in the First Two
Programming Years of Cycle 4 (Fy’s 19/20 & 20/21)
4 points Projects Requesting Construction-Only funding
20 points Total
Riverside County MPO Share
Project Recommendations for ATP Cycle 4
ATP MPO -$10.937 M Available:
Agency Project ATP $MPO Score
Palm Desert San Pablo, sidewalk, bike lns $3.222 m 106
County of Riverside El Toro SRTS, sidewalk, curb ramps $2.311 m 87
Lake Elsinore Murrieta Creek, multiuse trail $5.079 m 86
County of Riverside SRTS, Corona (non-infrastructure)$ .325 m 86
$10.937 m
Projects unable to be funded due to funding constraint:
Desert Hot Springs CV Link Extension –13 mi pathway $22.284 m 98
CVAG CV Arts & Music –10 mi pathway $24.989 m 92
SCAG SCP Draft Recommendations for
Planning/Non-Infrastructure -$4.6 M Available
-*County of Riverside SRTS, Desert Hot Springs $500k (requested $610k)
-Cathedral City Active Transportation Plan $250k
-**Riverside Pedestrian Target Hardening Plan $250k
*County Public Health will fund $110k shortfall
**Funded from another SCAG funding program
Staff Recommendation -
Approve projects for ATP Cycle 4 MPO Funding:
-Palm Desert San Pablo sidewalk, bike lanes $3.222m
-County of Riv El Toto SRTS Sidewalk, curb, etc.$2.311m
-Lake Elsinore Murrieta Creek Multi-Use Trail $5.079m
-County of Riv SRTS, Corona $0.325m
Total:$10.937m
Submit ATP MPO recommendations to SCAG for approval by Regional Council
Submit projects to SCAG for FTIP inclusion
Forward to Commission for final action
Questions ?
AGENDA ITEM 13
Agenda Item 13
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Josefina Clemente, Transit Manager
THROUGH: Lorelle Moe-Luna, Multimodal Services Director
SUBJECT: Local Transportation Fund Advance Loan to Riverside Transit Agency
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Approve a loan to advance Local Transportation Funds (LTF) in the amount of $22 million
to Riverside Transit Agency (RTA) under the condition the loan is repaid to the
Commission within 14 days of receipt of Federal Transit Administration (FTA) Section 5307
funds; and
2) Forward to the Commission for final action.
BACKGROUND INFORMATION:
The 2019 federal government shutdown that lasted 35 days has impacted numerous federal
agencies and associated services including the FTA and grantees such as SunLine Transit Agency
(SunLine) and RTA. The Commission recently approved a loan to advance LTF funds to SunLine
on January 31, 2019. RTA is also requesting a loan to advance LTF funds to cover its annual
operating expenses and capital improvements due to its inability to access FTA funds
programmed for Fiscal Year 2018/19 costs.
Since the federal government reopened on January 25, 2019, and another federal government
shutdown was averted on February 15, RTA has had access to previously awarded federal funds
in order to request reimbursements. However, limited federal reimbursements have been
received to date. Furthermore, RTA’s FY 2018/19 Section 5307 grant is pending the release of
the Federal Register and is yet to be awarded. The approval of its FY 2018/19 Section 5307 grant
could take several months to award. For these reasons and an anticipated backlog in federal
reimbursement requests, RTA is requesting a loan in the maximum amount of $22 million from
the Western County Apportioned and Unallocated LTF Reserve Fund due to the agency’s inability
to access FTA funds programmed to cover its Fiscal Year 2018/19 operating and capital expenses.
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Agenda Item 13
DISCUSSION:
RTA, along with all other public operators in Riverside County, must file a Short Range Transit
Plan (SRTP) with the Commission as part of the Commission’s annual budget preparation process
and in accordance with the state’s Transportation Development Act (TDA). The Commission
typically approves the SRTPs in June and programs and allocates funds in July of each year. Part
of the funding plan for RTA, as described in its annual SRTP, includes the programming of federal
Section 5307 funds, which are used to augment LTF and passenger fares as an operating cash
component.
RTA forwarded a request to the Commission on February 6, 2019, for a loan to advance LTF as
the agency anticipates that it will not have adequate funds on hand to continue funding
operations at the level approved in the SRTP. RTA uses Section 5307 formula and other federal
revenues to fund a significant portion of its annual operating expenses and capital improvements.
The FY 2018/19 SRTP and federal program of projects included in the FY 2018/19 funding
allocation for RTA assumed $29.8 million of federal Section 5307 funds for operating and capital,
which accounts for approximately 24 percent of RTA’s total operating and capital budget. Other
federal funding of $2.5 million was also programmed. The FTA is now accepting payment
requests for previously awarded funds and limited amounts of reimbursements have been
received. However, the FY 2018/19 grant approval has not been obtained due to the lack of a
federal appropriation. As a result of the delays in receipt of federal funds, RTA projects it will not
have sufficient cash flow beginning mid-April 2019 through August 2019.
The current balance in the Western County’s Apportioned and Unallocated LTF reserve fund
(including 10 percent reserve) is approximately $53.1 million. Upon Commission approval and
release of the $22 million loan, Western County’s LTF reserve fund will be reduced to
approximately $31.1 million.
Per the TDA regulations, LTF funds are required to be deposited and maintained in the County
treasury, and the County Auditor disburses funds only upon submittal of payment instructions by
Commission staff. The Commission is responsible for approving funding allocations for operating
and capital needs identified in the annual SRTP request from each transit operator. Therefore,
although short-term loans are rare, they have been approved in the past by the Commission with
the contingency that the transit operator reimburse the appropriate reserve fund to ensure that
expenditures do not exceed the Commission-approved allocations for the respective year.
Staff recommends approval of this loan to advance LTF with the contingency that RTA will
reimburse the Commission’s Western County Apportioned and Unallocated LTF Reserve Fund
within 14 days of receiving the federal Section 5307 funds from the FTA after securing approval
of the grant. A budget adjustment is not required, as this is a loan that is expected to be repaid
upon receipt of the federal funds.
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Agenda Item 13
Financial Information
In Fiscal Year Budget: N/A Year: FY 2018/19 Amount: $22,000,000
Source of Funds: Western County Apportioned and
Unallocated LTF Reserve Fund Budget Adjustment: N/A
GL/Project Accounting No.: 601 12301 (loans receivable)
Fiscal Procedures Approved: Date: 02/25/2019
Attachment: Riverside Transit Agency Staff Report, Dated February 6, 2019
123
RIVERSIDE TRANSIT AGENCY
1825 Third Street
Riverside, CA 92507
February 6, 2019
TO: BOARD BUDGET AND FINANCE COMMITTEE
THRU: Larry Rubio, Chief Executive Officer
FROM: Craig Fajnor, Chief Financial Officer
SUBJECT: Authorization to Request Funding Advance From Allocated Unclaimed
Western County Bus Local Transportation Fund (LTF) Reserves Held
by the Riverside County Transportation Commission (RCTC)
Summary: The Agency utilizes federal funding for portions of both its operating
expenses and capital expenditures. Primarily, the Agency uses Federal
Transit Administration (FTA) Section 5307 (5307) formula revenues to
fund a significant portion of its annual operating expenses and capital
improvements. The Agency also utilizes other FTA section funds such
as 5310 and 5311 funds for operating expenses and 5339 for capital
improvements. Federal funds are available for reimbursement - or draw
down - after award of a Federal grant and actual expenditure of eligible
costs.
On December 4, 2015, President Obama signed the Fixing America’s
Surface Transportation (FAST) Act into law. The FAST Act authorized
$305 billion over federal fiscal years 2016 through 2020 for highway,
highway and motor vehicle safety, public transportation, motor carrier
safety, hazardous materials safety, rail, and research, technology, and
statistics programs. However, full-year FY19 funding has not yet been
authorized by Congress. Continuing resolutions passed to date have
not triggered authorization of a percentage of FY19 federal funds which,
in turn, has also not triggered publication of any authorized funds in the
Federal Register. The FTA recognizes requests for federal funds under
the various sections only after the publication of the Federal Register.
Recently, the vast majority of the federal government was shut down for
over a month due to an impasse between the President and Congress
over funding priorities. The FTA is one of the federal agencies that was
negatively impacted by the shutdown. In turn, so were FTA grantees
such as RTA. While the federal government and FTA were recently re-
opened, they are currently only open until February 15, 2019. Whether
or not they remain open beyond that point is still to be determined.
124
Staff prepared its initial application for FY19 5307 grant funding in
September 2018. The initial application only included identified prior-
year funds to be used only for operating expenses. However, the grant
was not awarded prior to the partial federal government shutdown. Had
it been, approximately $12.5 million (70%) of the Agency’s FY19
programmed 5307 operating funding would have been available. The
remaining programmed 5307 funding of $17.3 million, covering both
operating expenses and capital projects, requires congressional and
presidential approval and subsequent publication in the Federal
Register before a formal grant application (or amendment) can be made.
Historically, it can take from 3 to 6 months from initial submission of a
grant application to actual grant award. Once the grant is awarded, it is
available for drawdown (reimbursement) against eligible expenses.
Again, until our programmed 5307 funding in the Board-approved FY19
Short-Range Transit Plan (SRTP) and Budget are awarded in a grant,
we are unable to drawdown these funds.
Further, during the shutdown, we did not have access to any previously-
awarded federal grants’ funds. We now have access to previously-
awarded federal funds until February 15th and are seeking
reimbursement as necessary. What happens after February 15th is to
be determined.
As of this report, seven months of FY19 5307 eligible operating
expenses have been incurred without reimbursement. Additional
eligible expenses will continue to be incurred through the remaining five
months of the fiscal year. Without availability of and access to the
programmed funding, staff’s current cash flow forecast for both
operating and capital revenue receipts and expense disbursements
indicates a shortage beginning in late-April and growing to $22,000,000
by the end of August. The yet-to-be created and approved FY20 Budget
could be impacted as well. Covering this cash shortfall requires an
advance of funds from RCTC.
The advanced funding is anticipated to be provided from allocated
unclaimed Western County Bus LTF reserves held at the RCTC and,
thus, would require RCTC approval. Staff has communicated this issue
to RCTC staff. RCTC staff has agreed to present this request to the
Commission for consideration after RTA Board approval.
As stated previously, staff has submitted its initial FY19 5307 grant
request. With the federal government now open until at least February
15th, staff is hopeful federal funding will be approved, a Federal Register
with funding levels will be published, and the FTA will move rapidly to
award our 5307 grant. When awarded, these grant funds will be
accessible for draw down. Thus, there is potential the Agency would not
consume any or all of the advanced funds. If so, staff will discontinue
pursuing this action and/or will remit back to RCTC all advanced funds.
125
In addition, with the federal government currently open, staff has access
to existing awarded federal funding until February 15th. If the federal
government closes again, access to previously awarded grants will
cease. If inaccessible funds become accessible for draw down before
the Agency consumes any or all of the advanced funds, staff will
discontinue pursuing this action and/or will remit back to RCTC all
advanced funds.
Fiscal Impact:
If no cash sources beyond the current forecast are made available prior
to having access to our programmed FY19 5307 funds and those in
previously-approved grants, the Agency projects to have a cash flow
shortage of $22,000,000 starting in mid-April 2019 and going through
August 2019. Staff will continue to monitor the Agency’s cash flow
status and mitigate the issue to the greatest extent possible.
Recommendation:
Approve and recommend this item to the full Board of Directors as
follows:
• Authorize staff to seek an advance of funds from RCTC in the
amount of $22,000,000 to cover the projected deficit from mid-April
2019 through August 2019 in the event the Agency’s FY19 5307
programmed federal funding is not awarded and available for
drawdown, as well as not having access to previously-awarded
federal funding.
• Direct staff to discontinue pursuing this request in the event the
aforementioned federal funding becomes available.
• Direct staff to remit all advanced funds to RCTC within 10 days after
all of the aforementioned federal funds are made accessible to the
Agency.
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AGENDA ITEM 14
Agenda Item 14
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Brian Cunanan, Commuter and Motorist Assistance Manager
THROUGH: Aaron Hake, External Affairs Director
SUBJECT: Call Box Program Upgrade/Reduction Plan and Agreements
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Approve the implementation of the 2019 Call Box Upgrade and Reduction Plan (CB Plan);
2) Approve Agreement No. 19-45-059-00 with San Bernardino County Transportation
Authority (SBCTA) to provide for the reimbursement of call answering center (CAC)
services related to the operation of call box CAC services associated with the call boxes
and future 511 motorist assistance services in an amount not to exceed $180,000;
3) Approve Agreement No. 13-45-102-05, Amendment No. 5 to Agreement
No. 13-45-102-00, with CASE Systems, Inc. (CASE) to provide call box removal and upgrade
services consistent with the CB Plan and for the continued provision of call box
maintenance services through June 30, 2020 for an additional amount of $275,000, and
a total amount not to exceed $1,765,440;
4) Approve the sunset of the Call Box Program at the end of Fiscal Year 2023/24 or in
conjunction with the next system network upgrade, whichever comes first;
5) Authorize the Executive Director pursuant to legal counsel review, to execute the
agreements on behalf of the Commission; and
6) Forward to the Commission for final action.
BACKGROUND INFORMATION:
In 1986, the Commission established itself as the Riverside County Service Authority for Freeway
Emergencies (RC SAFE) after the enactment of SB 1199 in 1985. The purpose of the formation of
SAFEs in California was to provide call box services and, with excess funds, provide additional
motorist aid services. Acting in its capacity as the RC SAFE, the Commission currently operates a
Motorist Assistance program within Riverside County’s freeway and highway system that is
comprised of three components: 1) call boxes, 2) freeway service patrol (FSP), and 3) 511 traveler
information services. Funding for RC SAFE is derived from a one dollar per vehicle registration
fee on vehicles registered in Riverside County.
The call box program offers motorists traveling on most major highways in Riverside County
access to a motorist assistance call box. Once the call box is activated, calls are routed to a CAC.
Depending on the situation, call center agents will forward the calls to the California Highway
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Agenda Item 14
Patrol (CHP), assist the motorist with requesting FSP, or call the motorists’ roadside assistance
provider or a friend/family member. The Commission’s call box program consists of cellular call
boxes, all equipped with a Tele Type device (TTY), located along most major highways (typically
in pairs, one on each side of the highway) in Riverside County, depending on the availability of a
cellular signal, proximity to urban areas, and other motorist assistance services.
Each call box unit is comprised of the following components that collectively stand at
approximately 14-feet high and operate much like a cell phone with enhanced reception:
• Breakaway pole;
• Protective call box case which, contains the hardware,
chipset and tilt sensor, and battery; when opened the
case exposes a handset and a TTY keyboard for the
hearing impaired;
• Blue reflective sign with unique call box numbers;
• Small solar panel to recharge the internal battery; and
• External antenna.
There are several standard call box installation configurations,
known as Site Types, which are determined by the site locations
characteristics (guard rails, soundwall, k-rail, slopes, etc.). The
picture to the right, is an example of a Call Box Site Type A –
installed at-grade, in soil. There are two other call box Site Types
(B – installed in a cut-slope and C – installed on an in-fill slope)
that have been recommended for removal or relocation by
statewide guidelines.
In total, the Commission currently operates and maintains 233
call boxes in Riverside County (see attachment); 214 are along various highways and 19 are
located at the Commission’s Commuter Rail stations. The current footprint and quantity of call
boxes reflects previous actions by the Commission, resulting in reductions due to changes in call
box guidelines, technology, and declining usage. The last major reduction took place in 2016
when the Commission faced declining call box usage and incremental costs needed to upgrade
the call box system to 3G, as major cell providers were discontinuing support for new 2G devices
and/or in the process of shutting down their 2G networks entirely. At the time, an evaluation was
performed that considered call box spacing and usage factors to determine how best to optimize
the call box system. This evaluation resulted in Commission approval to remove 325 call boxes
from the system. This reduced the system by almost 60 percent and led to significant cost savings
along with a more efficient operation of the call box program. Call box call volumes have
continued to steadily decline.
Call Box Usage/ Call Types
Call boxes were initially installed in Riverside County in the early 1990s for the purposes of
providing motorist aid, improving safety, and incident detection. During this decade the program
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Agenda Item 14
peaked in number with 1,082 call boxes and recorded its highest call volume in FY 1995/96 with
more than 88,288 calls; an average of 82 calls per call box per year. Comparatively, in FY
2017/2018, there were 1,864 calls across a total of 238 call boxes – an average of less than eight
calls per call box per year. Since the late 1990s, demand for call box services has trended, and
continues to trend, downward – a pattern consistent across other call box programs throughout
the state.
The call box system received calls of
different types. Of the total 1,864 calls
received in FY 2017/18, 1,675 calls were
made from highway call boxes. As shown in
Table 1, 631 of those calls were incidental
calls only. The more relevant metric with
respect to call boxes serving their purpose is
how many calls were made for emergency-
related or non-emergency requests for
assistance (auto club, private towing, FSP,
etc.). In total (Table 1), there were 1,044
emergency-related calls or non-emergency
requests for assistance in FY 2017/18. This
translates to an average of only 4.5 calls per
year per call box (or 0.4 calls per call box per
month).
Call Box Operations and Costs
The costliest elements of a call box operation are a) the maintenance of the call box equipment
and b) the CAC services. For maintenance, the Commission contracts with CASE, a call box system
maintenance services firm, who is responsible for performing corrective maintenance,
preventive maintenance, knockdown and vandalism repairs, temporary removals and
reinstallations, and permanent removals. At the Commission’s discretion, it can request special
projects work be conducted.
0
20,000
40,000
60,000
80,000
100,000
FY91FY92FY93FY94FY95FY96FY97FY98FY99FY00FY01FY02FY03FY04FY05FY06FY07FY08FY09FY10FY11FY12FY13FY14FY15FY16FY17FY18Total CallsFigure 1: Call Box Usage
Table 1: FY 2017/18 Call Types
Emergency Calls 257
Non-Emergency Requests for Aid Calls 787
Subtotal 1,044
Non-Aid Related Incidental Calls
Call Box Check 263
Duplicate Calls 241
Incidental Calls 127
Subtotal 631
Subtotal-Highway Call Box Calls 1,675
Commuter Rail Station Call Box Calls 189
TOTAL Call Box Calls 1,864
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Agenda Item 14
Corrective maintenance includes all repairs to the call box associated with electronics,
transceivers, power supply (battery and solar panel), and the interface with the cellular system
or anything that affects the proper function of the call box. Preventive maintenance is to be done
at least two times per year on each box to ensure call boxes are clean and operational.
Knockdown and vandalism repairs occur on an as-needed basis. Similarly, temporary removals
and reinstallations are conducted on an as-needed basis at staff’s request. This type of work is
typically only done when the call box will interfere with construction work being done or when
construction work will cause the call box to be temporarily inoperable. Permanent removals are
only done at the request of staff with the approval of the Commission, CHP, and Caltrans.
In addition to call box maintenance, CASE is also responsible for administrative tasks, such as
attending meetings, conducting field surveys, issuing correspondence, obtaining encroachment
permits, maintaining inventory and supplies, and managing an electronic maintenance system.
Based on an agreement that expires in June 2019, the current FY 2018/19 rate for call box
maintenance services provided by CASE is $37.03 per active call box per month. Therefore,
annual maintenance services for the current network of 233 call boxes costs $103,536 (or $8,628
per month).
A private CAC is responsible for answering call box voice and TTY calls 24 hours each day,
365 days per year. The contractor, currently Professional Communications Network (PCN),
determines the call box user location and arranges assistance as appropriate and available.
CHP-designated high priority calls and FSP-related calls are forwarded to the proper CHP dispatch
centers to complete/handle. The CAC is also responsible for call answering software and
equipment, Remote Messaging Systems to support call center activity, reporting, and transfer
and/or display the status of all calls remotely in real time. The current FY 2018/19 per call rate
for CAC services provided by PCN is $5.68 per call. Therefore, for 1,864 calls (FY 2017/18 volume)
the annual CAC costs equate to approximately $9,600.
Call Answering Center Services Joint Procurement
CAC services are provided through a SBCTA contract with PCN that was procured on a competitive
basis. The Commission’s agreement with SBCTA for these services is set to expire on
March 31, 2019. Consistent with years passed, the Commission, in conjunction with SBCTA and
Orange County Transportation Authority (OCTA), serving as the SAFE for Orange County,
conducted a joint procurement, in an effort to obtain a lower cost per call and to share call center
start up and operational costs.
A Request for Proposals for CAC services was released in November 2018 seeking a firm
knowledgeable and experienced in providing CAC software and services for motorist assistance
programs. SBCTA was the lead on releasing this joint RFP on behalf of the three agencies, who
all operate call box programs within their geographical areas and require updated call answering
software and services. The scope of work for this contract also incorporates software and services
for OCTA’s mobile call box program that motorists can utilize to receive motorist assistance by
calling 511 when on a freeway or highway within Orange County. The Commission and SBCTA do
not currently operate a mobile call box program, but are working with the CHP to provide this
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Agenda Item 14
service; therefore, the scope of work for call answering services also incorporates future
programs for the Commission and SBCTA.
OCTA, RCTC, and SBCTA staff participated on the evaluation committee and based on the
evaluation of the written proposals, the firms’ qualifications, the proposed rates, and the
information obtained from the interviews and site visits, the evaluation committee
recommended the selection of AAMCOM, LLC as the top-ranked firm to perform the scope of
work for call box CAC services as outlined in the RFP. Execution of a cooperative agreement is
necessary to finalize this joint procurement.
The SBCTA Board of Directors is anticipated to take action on March 6 to approve the agreement
for five years with five one-year options to extend. The final step in the joint procurement is for
the Commission to enter into a cooperative agreement with SBCTA for the reimbursement of
SBCTA costs associated with call box and mobile call box answering center services in Riverside
County. SBCTA’s Cooperative Agreement is attached.
DISCUSSION:
The call box system was developed before the proliferation of mobile phones as a means to
request motorist assistance. The demand for call boxes continues to decline, and call boxes are
nearing obsolescence much like the pay phones and phone booths due to mobile phone
ownership trending upward, the widespread coverage of cellular service with increasing number
of cell sites, and the availability of other motorist aid services such as FSP or in-vehicle systems
to request emergency assistance. Thus, Commission staff continuously evaluates the call box
system, resulting in reductions to the system at regular intervals after obtaining Commission
approval.
The most recent reduction was implemented in 2016 in concert with a Verizon Wireless (Verizon)
network upgrade from 2G to 3G. At the time, the cost to upgrade a single call box unit was
$900 per box. The approved reduction from 681 call boxes down to 233 call boxes, saved more
than $403,000 in upgrade costs and a minimum of $189,000 in annual maintenance service costs.
In 2018, Verizon announced that the 3G network would become obsolete after December 31,
2019. Therefore, in order to continue operations, remaining call boxes will need to be upgraded
from 3G to 4G. Due to 5G not fully being developed and the unavailability of a 5G cellular call
box radio, 4G is the only option at this time. CASE has provided volume-based pricing for 4G call
box upgrades at $822 per unit, plus installation costs and taxes estimated at $128 per unit, for
an approximate total upgrade cost of $950 per unit. Without a reduction, the total estimated
cost to upgrade the existing network of 233 call boxes to 4G is $221,400.
Given declining usage in concert with the cost to upgrade and maintain the current number of
boxes, staff embarked on an analysis to consider how the program can be modernized while also
being made more cost efficient.
As a result of the evaluation process, staff recommends the following removal and upgrade
actions. Since time is of the essence due to the imminent network upgrade to 4G, staff further
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Agenda Item 14
recommends extending the CASE agreement through June 30, 2020 and funding maintenance
costs during the extension period.
Call Box Reduction Considerations
Changes in technology (as described above) and the motorist landscape since the last call box
reductions provide another checkpoint to recalibrate and optimize the call box program. Outlined
below are the analysis points which staff considered for a reduction strategy:
• Network technology upgrade needed. There is a need to update the current call box
hardware, which currently operates on network technology that will become obsolete.
Verizon, the current cellular service provider for the Commission’s call box program, is
transitioning from its 3G cellular network to 4G/LTE effective December 31, 2019.
Therefore, if not upgraded, all Commission call boxes will become inoperable after this
date.
• Call box usage continues to decline. Demand for this service has declined substantially
over the years and continues to do so.
• Cell phone ownership is over 90 percent. There is a strong correlation with the decline
in call box usage and the growth of mobile phone ownership, which continues to increase
in the United States. Additionally, as these devices have become ubiquitous, so has the
demand for and development of cell coverage throughout the highway system.
Generally, there is cellular coverage across most parts of the county, with some carriers
having a stronger coverage footprint than others. Mobile phones now often provide
motorists with a convenient and safe alternative to seek assistance should a breakdown
occur.
• More motorist aid alternatives. While the proliferation of cell phones over the years has
had the greater impact to the declining usage of call boxes, other technologies (in-vehicle
communication systems such as On Star) and services have also enhanced the quality and
quantity of options available for motorists in need. These services also have advanced
incident management and response times. FSP is also now routinely deployed within the
most congested highway segments. Nearly 129 centerline miles are patrolled by FSP in
Riverside County during peak periods. Additionally, Transportation Management
Centers, operated by Caltrans and the CHP, monitor cameras and traffic feeds on a 24/7
basis.
• Ongoing urban development continues to provide motorists with additional options
along the highways. Even without the use of mobile phones, call boxes are no longer the
only means of seeking assistance for motorists in need.
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Agenda Item 14
2019 Call Box Upgrade and Reduction Plan
Commission staff understands and appreciates the “lifeline service” nature of the call box
program. Within that understanding, various criteria were used to evaluate the existing call box
system and develop a CB Plan. The criteria included the following factors:
• Call box site types,
• Availability of alternatives (cell coverage and FSP),
• System usage/call volumes, and
• Urban development/proximity to other motorist aid alternatives.
Call Box Removal Recommendation:
1) Remove call boxes in the urban areas of Riverside County where other services exist
and/or where FSP service is provided (50 call boxes):
o 6 call boxes on SR-60
o 6 call boxes on I-215
o 8 call boxes on I-10
o 4 call boxes on SR-91
o 2 call boxes on SR-71
o 24 call boxes on I-15
2) Remove low use call boxes– call box groups averaging 1.5 or fewer calls in FY 2017/18
(16 call boxes):
o 3 call boxes on SR-78 (avg. 1.4 calls)
o 2 call boxes on SR-79 (avg. 1.5 calls)
o 8 call boxes on SR-86 (avg. 1.4 calls)
o 2 call boxes on SR-95 (avg. 0 calls)
o 1 call box on SR-371 (avg. 0 calls)
3) Remove B and C Site Type call boxes which are no longer compliant with Caltrans
standards (17 call boxes):
o 1 call box on SR-111
o 14 call boxes on I-10
o 1 call box on SR-243
o 1 call box on SR-79
Call Box Upgrade Recommendation:
1) Upgrade 122 remaining highway and 19 commuter rail station call boxes not
identified for removal above (141 total call boxes), and
2) Relocate and upgrade nine B & C site type call boxes in critical areas (7 sites on I-10,
2 sites on SR-243)
Cost Impact of Reduction:
One-time removal cost of 83 call boxes at $400 per unit = $33,200
Annual savings on CASE maintenance costs = minimum of $38,400 per year
Estimated savings on maintenance over five years = $191,800
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Agenda Item 14
RECOMMENDATION
Staff recommends the Commission approve the CB Plan outlined above. This plan reduces the
system from the existing 233 call boxes to 150 call boxes, representing a 36 percent reduction.
Accordingly, staff recommends approval of Amendment No. 5 to Agreement No. 13-45-102-00
with CASE to extend the term to June 30, 2020 through the reduction/upgrade process and to
provide continued call box maintenance in the amount of $100,600, and complete upgrades,
relocations, and removals consistent with the CB Plan in the amount of $174,400 for an additional
amount of $275,000.
Upon Commission approval and execution of the amendment with CASE and CHP and Caltrans
review and approval of the CB Plan, a notice to proceed for the decommissioning and permanent
removal of identified call boxes and upgrades of remaining call boxes will be issued to CASE.
Further, staff recommends approval of the Agreement No. 19-45-059-00 (19-1002101) with
SBCTA, in an amount not to exceed $180,000 over a ten year term, for call box call answering
services provided by AAMCOM, LLC for current traditional call box calls and for mobile/511 call
box calls when that program is launched in the future.
Lastly, staff recommends approval of a sunset date for the traditional call box program which is
increasingly becoming obsolete. Acknowledging that current trends will continue and in the
interest of fiscal responsibility, staff recommends approval of sunsetting the call box program by
the next required technology upgrade or by the end of FY 2023/24, whichever comes first. In the
meantime, staff will continue to pursue new and innovative alternatives to traditional call boxes.
Cost Impact of Upgrades:
One-time upgrade cost of 141 call boxes at $950 per unit = $133,950
One-time relocation/reinstallation cost of 9 call boxes at $800 per unit= $7,200
Ongoing Maintenance Costs of Remaining Call Boxes
Estimated maintenance costs for 150 call boxes = $69,350
Estimated maintenance costs over five years = $346,600
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Agenda Item 14
Financial Information
In Fiscal Year Budget: Yes
N/A Year: FY 2018/19
FY 2019/20+ Amount: $20,500
$434,500
Source of Funds: SAFE Budget Adjustment: No
N/A
GL/Project
Accounting No.:
002174 73301 00000 0000 202 45 73301 $248,000 (Highway CB Plan costs)
2440XX 73301 00000 0000 103 24 73301 $27,000 (Rail CB Plan costs)
002174 81016 00000 0000 202 45 81002 $180,000 (CAC operating costs)
Fiscal Procedures
Approved: Date:
Attachments:
1) Riverside County Map reflecting 2019 Call Box Upgrade and Reduction Plan
2) Agreement No. 19-45-059-00 with San Bernardino County Transportation Authority
3) Agreement No. 13-45-102-05 with CASE Systems, Inc.
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Map ‐2019 Call Box Program Upgrade and Reduction Plan136
Agreement No. 19-1002101 Page 1 of 9
COOPERATIVE AGREEMENT NO. 19-1002101
BY AND BETWEEN
SAN BERNARDINO COUNTY TRANSPORTATION AUTHORITY,
ORANGE COUNTY TRANSPORTATION AUTHORITY AND
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
FOR
THE PROVISION OF MOTORIST ASSISTANCE CALL ANSWERING CENTER
SOFTWARE CUSTOMIZATION AND SERVICES
This Cooperative Agreement (“Agreement”) is made and entered into by and between the
San Bernardino County Transportation Authority (“SBCTA”), whose address is 1170 W. 3rd Street, 2nd
Floor, San Bernardino, California 92410-1715, Orange County Transportation Authority, ("OCTA"),
located at 500 South Main Street, Orange, California 92688 and Riverside County Transportation
Commission (“RCTC”), located at 4080 Lemon St, Riverside, California 92501. SBCTA, OCTA and
RCTC are each a “Party” and collectively the “Parties”.
RECITALS:
1.WHEREAS, The Parties operate Motorist Aid programs, which may include Call Box,
Mobile Call Box/511 and Freeway Service Patrol programs; and
2.WHEREAS, SBCTA has engaged two Call Answering Centers (“CONTRACTORS”) to render
services for the provision of Motorist Aid Call Answering Center Services for Orange County,
Riverside County, and San Bernardino County ("Services"); and
3.WHEREAS, the Services engaged by SBCTA as set forth in Exhibit "A", SBCTA Contract No.
C12005 (00-1000553), executed on November 2, 2011(the "2011 Agreement ") are effective
through June 30, 2019; and
4.WHEREAS, the Services engaged by SBCTA as set forth in Exhibit "B", SBCTA Contract No.
18-1001961, executed on March 6, 2019 (the "Primary Agreement") is effective through June
30, 2024, with five optional term years; and
5.WHEREAS, this Agreement defines the specific terms and conditions between the Parties only
as they may relate to the subject matter and no other purpose;
NOW THEREFORE, the Parties enter into this Agreement in order to allocate the costs of
paying the CONTRACTORS for the Services under the 2011 Agreement and Primary Agreement.
ARTICLE 1. AGREEMENT TERM
The Agreement shall commence upon execution by the Parties, and shall continue in full force and effect
through June 30, 2029, concurrent with the Primary Agreement, unless otherwise terminated or extended
as provided in this Agreement, except that all indemnity and defense obligations shall survive termination
of this Agreement. Should one or all of the option term(s) of the Primary Agreement not be exercised,
this Agreement shall terminate.
ATTACHMENT 2
137
Agreement No. 19-1002101 Page 2 of 9
ARTICLE 2. 2011 AGREEMENT AND PRIMARY AGREEMENT
The terms of the 2011 Agreement and Primary Agreement, including without limitation the definitions
provided, are incorporated by reference as though fully set forth in this Agreement. The Parties shall use
their best efforts to perform and uphold the obligations of this Agreement, the 2011 Agreement, and the
Primary Agreement, including, without limitation, the prosecution to conclusion or settlement of any
remedy provided by law for any breach by CONTRACTORS.
ARTICLE 3. COMPENSATION
OCTA and RCTC shall compensate SBCTA quarterly for CONTRACTORS’ performance of the
Services pursuant to the 2011 Agreement and Primary Agreement. Compensation to SBCTA will be
based on the actual costs of Services rendered for OCTA and RCTC as set forth in Attachment “B” of
the 2011 Agreement and Exhibit "B" of the Primary Agreement.
3.1 Notwithstanding any provisions of this Agreement to the contrary, OCTA and SBCTA mutually
agree that the total Agreement Not-To-Exceed Amount is Eight Hundred Fifty Thousand
Dollars ($850,000), which shall include all amounts payable to the CONTRACTORS as set forth
in the 2011 Agreement (from April 1, 2019 through June 30, 2019) and Primary Agreement.
3.2 Notwithstanding any provisions of this Agreement to the contrary, RCTC and SBCTA mutually
agree that the total Agreement Not-To-Exceed Amount is One Hundred Eighty Thousand Dollars
($180,000), which shall include all amounts payable to CONTRACTORS as set forth in the 2011
Agreement (from April 1, 2019 through June 30, 2019) and Primary Agreement.
ARTICLE 4. CHANGES
4.1 Any changes to this Agreement,, including but not limited to Compensation to SBCTA, must be
written and executed by SBCTA and OCTA and/or RCTC, as appropriate.
4.2 The Services, 2011 Agreement and Primary Agreement shall be subject to changes by additions,
deletions, or revisions made by agreement of SBCTA and OCTA and/or RCTC, as appropriate.
SBCTA will be responsible for advising CONTRACTORS of any such change(s) by written
notification describing the change(s). This notification will not be binding on SBCTA and OCTA
and/or RCTC, as appropriate, until SBCTA has approved an amendment to the 2011 Agreement
and/or Primary Agreement, as appropriate, in accordance with SBCTA’s Contracting and
Procurement Policy, No. 11100.
4.3 Promptly after such written notification of change is given to CONTRACTOR(S) by SBCTA,
SBCTA and CONTRACTOR(S) will attempt to negotiate a mutually agreeable adjustment to
compensation, time of performance, or other change(s) agreed to by SBCTA and OCTA and/or
RCTC, and amend the 2011 Agreement and/or Primary Agreement, as appropriate, accordingly.
SBCTA shall provide notification to OCTA and/or RCTC, as appropriate, when such change(s)
is agreed to by SBCTA and CONTRACTOR(S).
ARTICLE 5. TERMINATION
5.1 RCTC and OCTA may terminate this Agreement, in whole or in part, by giving at least thirty
(30) calendar days written notice to SBCTA specifying the date of termination (the “Notice of
Termination”). SBCTA may terminate this Agreement, in whole or in part, by giving at least
thirty (30) calendar days written notice to RCTC and OCTA specifying the date of termination.
138
Agreement No. 19-1002101 Page 3 of 9
In the event that OCTA terminates this Agreement, the termination shall only be effective as to
the Services provided within the geographic area encompassed by OCTA. In the event that
RCTC terminates this Agreement, the termination shall only be effective as to the Services
provided within the geographic area encompassed by RCTC. SBCTA shall notify
CONTRACTOR(S) of such termination. This Agreement shall terminate on the effective date of
either Party’s Notice of Termination.
Termination under this Article 5 may be for convenience or because of the failure of the other
Party to perform its duties and obligations under this Agreement, including, but not limited to,
the failure of SBCTA to obtain timely and full performance of the Services.
In the event OCTA terminates this Agreement, SBCTA shall, in accordance with the 2011
Agreement and/or Primary Agreement, terminate the obligations and rights of the
CONTRACTOR(S) under the 2011 Agreement and/or Primary Agreement as to the geographical
area encompassed within OCTA’s jurisdiction and shall, if requested by OCTA, assign any and
all rights to performance of the Services under the 2011 Agreement and/or Primary Agreement to
OCTA.
In the event RCTC terminates this Agreement, SBCTA shall, in accordance with the 2011
Agreement and/or Primary Agreement, terminate the obligations and rights of the
CONTRACTOR(S) under the 2011 Agreement and/or Primary Agreement as to the geographical
area encompassed within RCTC’s jurisdiction and shall, if requested by RCTC, assign any and
all rights to performance of the Services under the 2011 Agreement and/or Primary Agreement to
RCTC.
In the event this Agreement is terminated by SBCTA and upon written request of OCTA and/or
RCTC, SBCTA shall, in accordance with the 2011 Agreement and/or Primary Agreement, assign
the relevant rights and obligations of the 2011 Agreement and/or Primary Agreement to OCTA
and/or RCTC. Should OCTA and/or RCTC terminate the Agreement for any reason, OCTA
and/or RCTC shall bear all reasonable costs associated with transitioning the performance of
Services to another location.
5.2 Upon receipt of the written Notice of Termination, the terminating Party shall be entitled to
receive certain Products from SBCTA, as defined in the 2011 Agreement and/or Primary
Agreement.
5.3 Effect of Termination for Convenience or Cause - If the termination is for the convenience or
cause of OCTA and/or RCTC, OCTA and/or RCTC, as appropriate, shall compensate SBCTA
for Services rendered by CONTRACTOR(S) for the benefit of the terminating Party through the
effective date of termination as provided in the Notice of Termination and in accordance with
Article 5 of this Agreement. Such compensation shall be pro-rated, as applicable to the
terminating Party, up through the termination effective date. In the event SBCTA is the
terminating Party, SBCTA shall compensate the CONTRACTOR(S) for Services provided
through the effective date of termination as provided in the Notice of Termination, in accordance
with the 2011 Agreement and/or Primary Agreement.
5.4 Cumulative Remedies - The rights and remedies of the Parties in this Section are in addition to
any other rights and remedies provided by law or under this agreement.
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Agreement No. 19-1002101 Page 4 of 9
ARTICLE 6. CALL ANSWERING CENTER MEETINGS
6.1 The Parties' representatives shall participate in call answering center meetings with the
CONTRACTORS as further described in the 2011 Agreement and Primary Agreement.
ARTICLE 7. PERFORMANCE DELAYS
7.1 Excusable Delays. Should any Party be delayed or prevented from the timely performance of any
act required by this Agreement by reason of acts of God or of the public enemy, acts or
omissions of another Party or other governmental agencies, fires, floods, epidemics, quarantine
restrictions, strikes, freight embargoes or unusually severe weather, performance of such act
shall be excused for the period of such delay
7.2 Written Notice - If a Party believes it is entitled to an extension of time due to conditions set
forth in Article 44 of the Primary Agreement, it shall provide written notice to the other Party
within seven (7) working days from the time the Party knows, or reasonably should have known,
that performance of the act will be delayed due to such conditions..
7.3 Mutual Agreement - Performance of any obligation under this Agreement may be delayed upon
mutual agreement of the Parties.
ARTICLE 8. INDEPENDENT CONTRACTOR
The Services under the 2011 Agreement and Primary Agreement shall be performed by one or both
CONTRACTORS, or under their supervision. CONTRACTORS will determine the means, methods and
details of performing the Services subject to the requirements of the 2011 Agreement and Primary
Agreement. SBCTA has retained CONTRACTORS on an independent contractor basis and not as
employees, agents or representatives of SBCTA, OCTA or RCTC. The Parties acknowledge that: (1)
CONTRACTORS retain the right to perform similar or different services for others during the term of
the 2011 Agreement and Primary Agreement; (2) Any additional personnel performing the Services
under the 2011 Agreement and Primary Agreement on behalf of CONTRACTORS shall at all times be
under CONTRACTORS exclusive direction and control; (3) CONTRACTORS shall pay all wages,
salaries and other amounts due such personnel in connection with their performance of Services and as
required by law; and (4) CONTRACTORS shall be responsible for all reports and obligations respecting
such personnel, including but not limited to, social security taxes, income tax withholdings,
unemployment insurance, disability insurance, and workers’ compensation insurance.
ARTICLE 9. INDEMNITY
The Parties each agree to indemnify, defend (with legal counsel reasonably approved by the indemnified
Party) and hold harmless the other Parties and their officers, employees, agents and volunteers
(“Indemnitees”), from any and all claims, suits, demands, liabilities, losses, damages, injuries or actions
of every name, kind and description brought for or on account of injury to persons or property, including
wrongful death, in any manner arising out of or incident to anything done or omitted to be done by the
indemnifying Party under or in connection with any work, authority or jurisdiction delegated to the
indemnifying Party under this AGREEMENT.
ARTICLE 10. ATTORNEYS’ FEES
If any legal action is instituted to enforce or declare any Party's rights under the Agreement, each Party,
including the prevailing Party, must bear its own costs and attorneys’ fees. This Article shall not apply
to those costs and attorney's fees directly arising from any third party legal action against a Party that is
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Agreement No. 19-1002101 Page 5 of 9
payable under the Indemnity provision of the Agreement.
ARTICLE 11. GOVERNING LAW AND VENUE
This Agreement shall be subject to the law and jurisdiction of the State of California. The Parties agree
that the venue for any action or claim brought by any Party to this Agreement will be the Superior Court
of California, San Bernardino County. Each Party hereby waives any law or rule of court which would
allow them to request or demand a change of venue. If any action or claim concerning this Agreement is
brought by any third party, the Parties agree to use their best efforts to obtain a change of venue to the
Superior Court of California, San Bernardino County.
ARTICLE 12. PRECEDENCE
12.1 The Agreement consists of these Agreement Articles, and Exhibit A - “2011 Agreement” and
Exhibit B - “Primary Agreement”, all of which are incorporated into this Agreement by this
reference.
12.2 The following order of precedence shall apply: first, the Agreement Articlesand second, Exhibit A
and Exhibit B;.
12.3 In the event of an express conflict between the documents listed in this Article, or between any
other documents which are a part of the Agreement, OCTA and RCTC shall notify SBCTA in
writing within three (3) business days of its discovery of the conflict and shall comply with
SBCTA's resolution of the conflict.
ARTICLE 13. COMMUNICATIONS AND NOTICES
Notices sent by mail shall be by United States Mail, postage paid, certified mail (return receipt
requested). Any and all notices permitted or required to be given hereunder shall be deemed duly given
and received: (a) upon actual delivery, if delivery is personally made or if made by fax or email during
regular business hours; (b) the first business day following delivery by fax or email when not made
during regular business hours; (c) upon actual delivery if made by personal service or overnight
delivery; or (d) on the fourth business day after deposit of such notice into the United States Mail. Each
such notice shall be sent to the respective Party at the address indicated below or to any other address as
the respective Parties may designate from time to time by a notice given in accordance with this Article.
OCTA and RCTC shall notify SBCTA of any contact information changes within ten (10) business days
of the change.
To: OCTA To: RCTC To: SBCTA
550 S. Main Street
P.O. Box 14184 (Mailing
Address)
4080 Lemon St.
P.O. Box 12008
Riverside, CA 92502-2208
1170 W. 3rd Street, 2nd Floor
Orange, CA 92863-1584 San Bernardino, CA 92410-
1715
Attn: Patrick Sampson Attn: Brian Cunanan Attn: Nicole Soto
Email: psampson@octa.net Email: bcunanan@rctc.org Email: nsoto@gosbcta.com
Phone: (714) 560-5425 Phone: (951) 787-7943 Phone: (909) 884-8276
2nd Contact: Sue Ding 2nd Contact: Michelle
McCamish
Copy: Procurement
Email:
sding@octa.net
Email: mmccamish@rctc.org Email:
procurement@gosbcta.com
141
Agreement No. 19-1002101 Page 6 of 9
Phone: (714) 560-5631 Phone: (951) 778-1094 Phone: (909) 884-8276
ARTICLE 14. AMENDMENTS
This Agreement may only be changed by a written amendment duly executed by the Parties. Work
authorized under an amendment shall not commence until the amendment has been duly executed.
ARTICLE 15. ENTIRE DOCUMENT
This Agreement constitutes the sole and only agreement of the Parties relating to its subject matter and
supersedes any prior understandings, written or oral, between the Parties.
ARTICLE 16. INVALIDITY; SEVERABILITY
If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of
competent jurisdiction, the remaining provisions shall continue in full force and effect.
ARTICLE 17. NO WAIVER
Failure of the Parties hereto to insist on any one occasion upon strict compliance with any of the terms,
covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor
shall any waiver or relinquishment of any rights or power hereunder at any one time or more times be
deemed a waiver or relinquishment of such other right or power at any other time or times.
ARTICLE 18. EFFECTIVE DATE
This Agreement shall be made effective upon execution by both Parties.
-------------------------SIGNATURES ARE ON THE FOLLOWING PAGE-------------------------
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Agreement No. 19-1002101 Page 7 of 9
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement below.
ORANGE COUNTY
TRANSPORATION AUTHORITY
SAN BERNARDINO COUNTY
TRANSPORTATIONAUTHORITY
By: By:
Darrell E. Johnson
Chief Executive Officer
Darcy McNaboe
President, Board of Directors
Date: Date:
RIVERSIDE COUNTY
TRANSPORATION COMMISSION
By: APPROVED AS TO FORM
Anne Mayer Executive Officer
Date: By:
Julianna K. Tillquist
Assistant General Counsel
Date:
CONCURRENCE
By:
Jeffery Hill
Procurement Manager
Date:
143
Agreement No. 19-1002101 Page 8 of 9
EXHIBIT "A” 2011 Agreement
144
Agreement No. 19-1002101 Page 9 of 9
EXHIBIT "B” Primary Agreement
145
1
Agreement No. 13-45-102-05
RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES
AMENDMENT NO. 5 TO
AGREEMENT FOR CALL BOX SERVICES
WITH CASE SYSTEMS, INC.
1.PARTIES AND DATE
This Amendment No. 5 to the Agreement for Call Box Services is made and entered into
as of __________________, 2019, by and between the RIVERSIDE COUNTY
TRANSPORTATION COMMISSION ("RCTC") acting as the RIVERSIDE COUNTY SERVICE
AUTHORITY FOR FREEWAY EMERGENCIES (“RC SAFE") and CASE SYSTEMS, INC.
("Contractor), a California corporation.
2. RECITALS
2.1 RC SAFE and Contractor have entered into an agreement dated June 24, 2013
for the purpose of providing call box installation, repair, maintenance, and removal
services ("Master Agreement").
2.2. RC SAFE and Contractor have entered into an amendment dated June 29, 2016
for the purpose of extending the term of the Master Agreement, providing
additional compensation for the continued provision of call box services, and
including additional language pertaining to registration with the Department of
Industrial Relations (“Amendment No. 1”).
2.2. RC SAFE and Contractor have entered into an amendment dated November 3,
2016, for the purpose of providing additional compensation for the call box
upgrade, removal services, and other call box services, including but not limited
to, the reduction of the RC SAFE motorist aid call box system (“Amendment
No. 2”).
2.3 RC SAFE and Contractor have entered into an amendment dated July 1, 2017, for
the purpose of extending the term of the Master Agreement (“Amendment
No. 3”).
2.4 RC SAFE and Contractor have entered into an amendment dated June 30, 2018,
for the purpose of providing additional compensation for call box maintenance
services and extending the term of the Master Agreement (“Amendment
No. 4”).
2.4 The parties now desire to amend the Master Agreement in order to provide
additional compensation for the call box upgrade, removal services, and other call
box services, including but not limited to, the reduction of the RC SAFE motorist
aid call box system and to extend the term of the Master Agreement.
ATTAHMENT 3
146
2
3.. TERMS
3.1 The term of the Master Agreement shall be extended for an additional term of
twelve months, ending on June 30, 2020, unless earlier terminated as provided in
the Master Agreement.
3.2 The maximum compensation to be provided under this Amendment No. 5 for
Services provided through the extended term shall not exceed Two Hundred
Seventy-Five Thousand Dollars and Zero Cents ($275,000).
3.3 Except as amended by the Amendment, all provisions of the Master Agreement,
as amended by Amendment Nos. 1, 2, 3, and 4, including without limitation the
indemnity and insurance provisions, shall remain in full force and effect and shall
govern the actions of the parties under this Amendment No. 5.
3.4 This Amendment No. 5 shall be governed by the laws of the State of California.
Venue shall be in Riverside County.
3.5 This Amendment No. 5 may be signed in counterparts, each of which shall
constitute an original.
[SIGNATURES ON FOLLOWING PAGE]
147
3
SIGNATURE PAGE
TO
AMENDMENT NO. 5 TO
AGREEMENT FOR CALL BOX SERVICES
WITH CASE SYSTEMS, INC.
Agreement No. 13-45-102-05
IN WITNESS WHEREOF, the parties hereto have entered into this Amendment No. 4 as
of the date first herein above written.
RIVERSIDE COUNTY CASE SYSTEMS, INC.,
TRANSPORTATION COMMISSION a California corporation
ACTING AS THE RIVERSIDE
COUNTY SERVICE
AUTHORITY FOR FREEWAY
EMERGENCIES
By:_____________________________ By:__________________________
Anne Mayer, Executive Director Signature
__________________________
Name
__________________________
Title
APPROVED AS TO FORM ATTEST
By:______________________ By:________________________
Best Best & Krieger LLP
Counsel to the Riverside County
Transportation Commission Its: _______________________
* A corporation requires the signatures of two corporate officers.
One signature shall be that of the chairman of board, the president or any vice president and the second signature (on
the attest line) shall be that of the secretary, any assistant secretary, the chief financial officer or any assistant treasurer
of such corporation. If the foregoing persons are not the intended signators, evidence of signature authority shall be
provided to the Commission.
148
CALL BOX PROGRAM
OPTIMIZATION
Budget and Implementation Committee
February 25, 2019
Brian Cunanan, Commuter and Motorist Assistance Manager
External Affairs Department 1
Call Box Program
Cellular Network Obsolescence
2
•Current Verizon 3G Network will
become obsolete on January 2020
•Cellular modem chipset to be upgraded
–$822 per call box
Call Box Program
Current Deployment = 233
3
–$221,400 One-time upgrade
(~$822 per call box)
–$104,000 Annual maintenance
(~$457 per call box)
call boxes
Call Box Program
Current Deployment = 233
4
–$221,400 One-time upgrade
(~$822 per call box)
–$104,000 Annual maintenance
(~$457 per call box)
call boxes
$741,400
= the projected spend for
the call box program over
the next five years at
current inventory levels
FY20/ FY21/ FY22/ FY23/ FY24
Call Box Program
Declining Demand/Use
5
Average
4.5 calls
per call box
per year
23,683
20,729
15,532
9,595
7,543
6,574 5,934 5,251 5,043 5,337 4,685 3,882 3,667
2,650 1,864
1,064 1,045
975
742
660 617 613 611 608 580 570 548 545
241 238
0
200
400
600
800
1,000
1,200
0
5,000
10,000
15,000
20,000
25,000
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
Calls Call Boxes
Call Box Program
Other Considerations
6
•Caltrans has recommended removal of all
Site Type B and C call boxes
•Proliferation of cell phone ownership
•Continuous development across the county
•Growing cellular network coverage
•Roadside assistance alternatives
~95% of American adults
own a cellphone
-Pew Research Center
7
Western Riverside County
Call Box Program
8Western Riverside County Source: https://www.whistleout.com/CellPhones/Guides/Coverage
9
Eastern Riverside County
10Source: https://www.whistleout.com/CellPhones/Guides/CoverageEastern Riverside County
Call Box Program
Call Box Upgrade & Reduction Plan
11
Removals
•Urban areas/ Freeway Service Patrol
•Low use call boxes
•Remove all B and C Site Type call
boxes, except
Upgrades
•Remaining call boxes
(150 call boxes),
including
**B & C call box units in critical areas
(7 sites on I-10 and 2 sites on SR-243)
12
Call Box Upgrade & Reduction Plan Map
Call Box Program
Projected Schedule
13
Board approval
of reduction plan.
Submit the board
approved
reduction plan to
the CHP and
Caltrans for
review and
approval.
Upon CHP and
Caltran’s approval,
a NTP will be
issued to CASE for
the decommission
and permanent
removal of the
identified call boxes
and upgrades for
remaining units.
CASE performs call box upgrades and assessments
CASE performs call box removals Staff provides call
box project update
to Commission
CHP and Caltrans
two month review
period.
Mar
2019 Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020
Call Box Program
By the numbers
14
Call Box Optimization Recommendation Summary
•Reduce from 233 to 150 call boxes (36% reduction)
•~$79,000 in savings one-time for upgrades
•~$38,000 in savings annually for maintenance
•Sunset call box program in five years
$741,400
= the projected spend for the call box
program over the next five years at
current inventory levels
$484,800
= the projected spend for the call box
program over the next five years with
approval of reduction/upgrade plan.
$256,600
in savings
Call Box Program
Staff Recommendation:
15
•Approve the implementation of Call Box Upgrade and Reduction Plan;
•Approve Agreement ($180,000) with SBCTA (and OCTA)for shared call
answering center services for call box operations and future 511 motorist
assistance services
•Approve Amendment ($275,000) with CASE Systems, Inc.to provide call box
removal and upgrade services, and for the continued provision of maintenance
services through June 30, 2020;
•Approve sunsetting the Call Box Program at the end of Fiscal Year 2023/24 or in
conjunction with the next system network upgrade, whichever comes first;
•Authorize the Executive Director pursuant to legal counsel review, to execute the
agreements on behalf of the Commission; and Forward to the Commission for
final action.
QUESTIONS
16
AGENDA ITEM 15
Agenda Item 15
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE: February 25, 2019
TO: Budget and Implementation Committee
FROM: Lisa Mobley, Clerk of the Board
THROUGH: John Standiford, Deputy Executive Director
SUBJECT: Election of Officers for the Budget and Implementation Committee
STAFF RECOMMENDATION:
This item is for the Budget and Implementation Committee to conduct an election of officers for
2019 – Chair and Vice Chair.
BACKGROUND INFORMATION:
The election of officers for the full Commission and its Committees are held on an annual basis.
Commissioners Rusty Bailey (Chair) and Linda Krupa (Vice Chair) were elected as the Budget and
Implementation Committee’s officers in February 2018. Once the election for 2019 is conducted,
the new Chair and Vice Chair will immediately assume the positions.
Past Chairs of the Budget and Implementation Committee are as follows:
2018 – Rusty Bailey, City of Riverside
2017 – Jan Harnik, City of Palm Desert
2016 – Bob Magee, City of Lake Elsinore
2015 – Bob Magee, City of Lake Elsinore
2014 – Douglas Hanson, City Indian Wells
2013 – Ella Zanowic, City of Calimesa
2012 – Rick Gibbs, City of Murrieta
2011 – Scott Matas, City of Desert Hot Springs
2010 – Greg Pettis, City of Cathedral City
2009 – Mary Craton, City of Canyon Lake
2008 – Steve Adams, City of Riverside
2007 – Rick Gibbs, City of Murrieta
149