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Home My Public Portal About08 August 22, 2011 Budget & implementationRECORDS TIME: DATE: LOCATION: RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE MEETING AGENDA 9:30 a.m. Monday, August 22, 2011 BOARD ROOM County of Riverside Administrative Center 408Q Lemon Street, First Floor, Riverside ~COMMITTEE IVIEIVIBERS ~ Scott Matas, Chair / Russell Betts, City of Desert Hot Springs Ron Roberts, Vice Chair / Jeff Comerchero, City of Temecula Roger Berg / Jeff Fox, City of Beaumont Ella Zanowic / Jeff Hewitt, City of Calimesa Mary Craton / Barry Talbot, City of Canyon Lake Greg Pettis / Kathleen DeRosa, City of Cathedral City Steven Hernandez / Eduardo Garcia, City of Coachella Larry Smith / Robert Youssef, City of Hemet Douglas Hanson / Patrick Mullany, City of Indian Wells Bob Magee / Melissa Melendez, City of Lake Elsinore Rick Gibbs / Kelly Bennett, City of Murrieta Scott Hines / Gordon Moller, City of Rancho Mirage Steve Adams / Andy Melendrez, City of Riverside John F. Tavaglione, County of Riverside, District II Jeff Stone, 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 Comments are welcomed by the Committee. If you wish to provide comments to the Committee, please complete and submit a Speaker Card to the Clerk of the Board. RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENT A TION COMMITTEE www.rctc.org AGENDA * *Actions may be taken on any item listed on the agenda 9:30 a.m. Monday, August 22, 2011 BOARDROOM County 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 aval1able 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 and Government Code Section 54954.2, if you need special assistance to participate in a Committee meeting, please contact the Clerk of the Board at (951) 787-7141. Notification of at least 48 hours prior to meeting time will assist staff in assuring that reasonable arrangements can be made to provide accessibl1ity at the meeting. 1 . CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 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. Budget and Implementation Committee August 22, 2011 Page 2 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. 5. APPROVAL OF MINUTES -JUNE 27, 2011 6. ADDITIONSIREVISIONS (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 STATEIVIENTS Overview This item is for the Committee to: 1 ) Receive and file the Quarterly Financial Statements for the period ended June 30, 2011; and 2) Forward to the Commission for final action. 7B. QUARTERLY INVESTMENT REPORT Overview This item is for the Committee to: 1) Receive and "file the Quarterly Investment Report for the quarter ended June 30, 2011; and 2) Forward to the Commission for final action. Budget and Implementation Committee August 22, 2011 Page 3 7C. SINGLE SIGNATURE AUTHORITY REPORT Overview This item is for the Committee to: 1 ) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2011, and 2) Forward to the Commission for final action. 7D. QUARTERLY SALES TAX ANALYSIS Overview This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 1 (Q1) 2011; and 2) Forward to the Commission for final action. 8. CITY OF CATHEDRAL CITY FISCAL YEARS 2012-16 MEASURE A FIVE-YEAR CAPITAL IMPROVEMENT PLAN FOR LOCAL STREETS AND ROADS Overview This item is for the Committee to: 1) Approve the city of Cathedral City's FYs 2012-16 Measure A Five-Year Capital Improvement Plan (CIP) for Local Streets and Roads as submitted; and 2) Forward to the Commission for final action. 9. 2009 MEASURE A PROGRAM MAINTENANCE OF EFFORT Overview This item is for the Committee to: 1) Approve the 2009 Measure A Maintenance of Effort (MOE) base year levels for the following cities: • Calimesa • Cathedral City • Coachella • Palm Desert • Palm Springs; and 2) Forward to the Commission for final action. Budget and Implementation Committee August 22, 2011 Page 4 10. FISCAL YEAR 2011/12 ANNUAL LOCAL TRANSPORTATION FUND PLANNING ALLOCATIONS TO WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS AND COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS Overview This item is for the Committee to: 1) Approve an allocation of Local Transportation Fund (L TF) Planning funds in the amount of $467,800 to the Western Riverside Council of Governments (WRCOG) and $255,150 to the Coachella Valley Association of Governments (CVAG) to support transportation planning programs and functions as identified in the FY 2011/12 LTF Program Objectives/Work Plan (Work Plan); and 2) Forward to the Commission for final action. 11. UPDATE ON FEDERAL AND STATE LEGISLATION Overview This item is for the Committee to: 1) Receive and file an update on federal and state legislation; 2) Adopt SUPPORT positions on the following bills: a) H.R. 2398 (Miller) -Support; b) H.R. 2766 (Miller) -Support; c) H.R. 2538 (Calvert) -Support; and 3) Forward to the Commission for final action. 12. 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. 13. ADJOURNMENT AND NEXT MEETING The next budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., Monday, September 26, 2011, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. Alexandra Rackerby From: Alexandra Rackerby Sent: Thursday, August 18, 2011 9:16 AM To: Alexandra Rackerby Cc: Tara Byerly Subject: RCTC Budget and Implementation Committee -Ipad Compatible Users Importance: High Good Morning Commissioners, The Budget and Implementation Committee agenda for Monday August 22, 2011 is posted on our Website at http://www.rctc.org/downloads/BIC/ipad budgetandimplementation.pdf Please let me know if you have any questions or concerns. Thank you. Respectfu Ily, Allie Rackerby Riverside County Transportation Commission (951) 787-7141 1 RIVERSIDE COUNTY TRANSPORTATION COIVIMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN-IN SHEET AUGUST 22, 2011 NAME E MAIL ADDRESS AGENCY 6~I~.,..f),> t20qC~j)Uc:; lA~'1) .s M.'i11 1-kl\\.~-r Dth /J!//?,< ee t-E:::: (£LL /AA~ PA·z:::. ~~~/ ~t'\A~ 'KI Ve:-La. t U ~&1'1 'i:::::'.i!lLtt.".t 7 ~tttk."L.A5-:cJ)/" ft-Jff77K (J/1A ~/~54')Z~~....t.,t::,p , V'hi.. /.I 7.-.Ll. ~/C' /hA ;~4-rt Ie ~ G"/b gS!-I t/fl-J-/~rl1 GReb r~ms ~6-DQ cv G,....., /2066)1 /5&~b /.$ G~v /-V1od ; r ~~r-J ~vAe:,UO~C-~"--'J~() :) RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IIVIPLEIVIENTATION COIVIMITTEE ROLL CALL AUGUST 22, 2011 County of Riverside, District II County of Riverside/ District III City of Beaumont City of Calimesa City of Canyon Lake City of Cathedral City City of Coachella City of Desert Hot Springs City of Hemet City of Indian Wells City of Lake Elsinore City of Murrieta City of Rancho Mirage City of Riverside City of Temecula AbsentJ!!< ~~4JA q\"2:H '-"\ CJ CJ CJ CJ CJ CJ CJ }r CJ CJ ;;tr CJ CJ AGENDA ITEM 5 MINUTES RIVERSIDE COUNTY TRANSPORTA TION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE Monday, June 27, 2011 MINUTES 1 . CALL TO ORDER The meeting of the Budget and Implementation Committee was called to order by Chair Scott Matas at 9:30 a.m., in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. PLEDGE OF ALLEGIANCE At this time, Commissioner Greg Pettis led the Budget and Implementation Committee in a flag salute. 3. ROLL CALL MemberslAlternates Present Steve Adams Roger Berg Mary Craton Douglas Hanson Steven Hernandez * Bob Magee Scott Matas Greg Pettis Ron Roberts Larry Smith Jeff Stone* Ella Zanowic Members Absent Rick Gibbs Scott Hines John Tavaglione *Arrived after the meeting was called to order 4. PUBLIC COMMENTS There were no requests to speak from the public. RCTC Budget and Implementation Committee Minutes June 27, 2011 Page 2 5. APPROVAL OF MINUTES -MAY 23, 2011 M/S/C (Adams/Craton) to approve the minutes as submitted. 6. ADDITIONS / REVISIONS There were no additions/revisions to the agenda. At this time, Commissioner Jeff Stone arrived at the meeting. 7. AMENDMENT TO STANDBY BOND PURCHASE AGREEMENTS RELATED TO THE 2009 BONDS Theresia Trevino, Chief Financial Officer, provided an overview for the amendments to standby bond purchase agreements for the 2009 Bonds. M/S/C (Roberts/Adams) to: 1) Receive and file a report on the proposed amendments, including the Fee Letter, to each of the three Standby Bond Purchase Agreements (SBPAs) between the Riverside County Transportation Commission and JPMorgan Chase Bank, National Association (JPMorgan), as liquidity facility provider; 2) Adopt Resolution No. 11-010, IIResolution Authorizing the Release of Allor a Portion of the Debt Service Reserve Fund Related to the Riverside County Transportation Commission Sales Tax Revenue Bonds (Limited Tax Bonds) 2009 Series A, B, and C, the Execution and Delivery of a Fourth Supplemental Indenture, an Offering Memorandum, and the Taking of All Other Actions Necessary in Connection Therewith"; 3) Approve the estimated costs to be incurred in connection with the amendments to be paid from 2009 Measure A Bond Financing Program funds and the execution of related agreements, as required; and 4) Forward to the Commission for final action. 8. FISCAL YEARS 2012-16 MEASURE A FIVE-YEAR CAPITAL IMPROVEMENT PLANS FOR LOCAL STREETS AND ROADS Andrea Zureick, Senior Staff Analyst, provided an overview for the FY 2012-16 Measure A Five-Year Capital Improvement Plans (CIPs) for local streets and roads. RCTC Budget and Implementation Committee Minutes June 21, 2011 Page 3 M/S/C (Adams/Craton) to: 1} Approve the FYs 2012-16 Measure A Five-Year Capital Improvement Plans (CIPs) for Local Streets and Roads as submitted; and 2) Forward to the Commission for final action. 9. 2009 MEASURE A PROGRAM MAINTENANCE OF EFFORT Shirley Medina, Programming and Planning Manager, presented the 2009 Measure A program maintenance of effort (MOE) and the city of Riverside's request for special consideration for its 2009 MOE base year level. M/S/C (Adams/Pettis) to: 1) Approve the 2009 Measure A Maintenance of Effort (MOE) base year levels for each local agency; 2) Approve the city of Riverside's (Riverside) request for special consideration regarding its 2009 MOE base year level; and 3) Forward to the Commission for final action. 10. RIVERSIDE COUNTY TRANSIT SERVICES FUNDING ALLOCATION FOR FISCAL YEAR 2011/12 Fina Clemente, Transit Manager, presented the Riverside County transit funding allocations for FY 2011/12, highlighting the following: • Short Range Transit Plans (SRTPs) for FY 2011/12 -2013/14 for the cities of Banning, Beaumont, Corona, Riverside, Palo Verde Valley Transit Agency, Riverside Transit Agency, Sunline Transit Agency, and the Commission's Commuter Rail Program; • Federal, state, and local revenues; • Operating and capital costs comparison: FY 2010/11 FY 2011/12; and • Operating and capital expenditures for FY 2008/09 -2011/12. At this time, Commissioner Steven Hernandez arrived at the meeting. In response to Commissioner Ron Roberts' question if the Section 5309 federal discretionary funds were received, Fina Clemente replied the funds must be applied for before the funds can be received. Commissioner Roberts expressed concern the funds are only earmarked and not yet received and asked staff to monitor these funds closely. RCTC Budget and Implementation Committee Minutes June 27, 2011 Page 4 Anne Mayer stated a majority of the transit funding comes from the Transit Development Act (TDA) and Measure A. She discussed the fluctuation of these funding sources and the impact those fluctuation have on revenue estimates and the SRTPs, noting there may be pre mid-year SRTP amendments, if necessary. M/S/C (Craton/Adams) to: 1 ) Conduct a public hearing at the July Commission meeting on the proposed Section 5307 Program of Projects (POP); 2) Approve the FY 2011/12 Federal Transit Administration's (FTA) Section 5307 and 5311 POP for Riverside County; 3) Approve the FY 2011/12 Local Transportation Fund (L TF) and State Transit Assistance (STA) fund allocations for transit; 4) Direct staff to add projects into the Regional Transportation Improvement Plan (RTIP); 5) Adopt Resolution No. 11-011, "Resolution of the Riverside County Transportation Commission to Allocate State Transit Assistance Funds"; and 6) Forward to the Commission for final action. No: Pettis 11. FISCAL YEAR 2009/10 PRODUCTIVITY IMPROVEIVIENT PROGRAM Fina Clemente provided an update on the FY 2009/10 Productivity Improvement Program (PIP), highlighting the following: • Mandatory and discretionary targets; • PIP requirements for operators; and • FY 200911 0 PIP compliance summary. M/S/C to: 1 ) Receive and file the transit operators' compliance status report for the FY 2009/10 Productivity Improvement Program (PIP); and 2) Forward to the Commission for final action. 12. SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM EXTENSION FOR THE CITY OF TEMECULA Jillian Edmiston, Staff Analyst, provided an overview for the S8 821 program extension for the city of Temecula. RCTC Budget and Implementation Committee Minutes June 27, 2011 Page 5 Commissioner Mary Craton expressed support for this project and sympathized with the city for the difficulties it is experiencing. Commissioner Roberts expressed gratitude to Commissioner Craton and discussed the issues with constructing this project. M/S/C (Craton/Zanowic) to: 1) Grant the city of Temecula (Temecula) an extension to June 30, 2012, for SB 821 program funds approved for the Santa Gertrudis Creek Pedestrian/Bicycle Bridge Overcrossing project; and 2) Forward to the Commission for final action. 13. STATE AND FEDERAL LEGISLATIVE UPDATE John Standiford, Deputy Executive Director, presented the bill positions and an overview of state and federal legislative activities. M/S/C (Adams/Zanowic) to: 1) Receive an update on state and federal legislation; 2) Adopt the following bill positions: a) SB 446 (Dutton) -Support; b) HR 1825 (Blumenauer) -Support; c) S. 1034 (Schumer) -Support; and 3) Forward to the Commission for final action. 14. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA There were no items pulled from the Consent Calendar. 15. COMMENTS BY COMMISSIONERS/STAFF 15A. Greg Pettis announced the Southern California Association of Governments' 2012 Regional Transportation Plan Public Outreach Workshops are being held at various locations from July 1 3 - August 11, 2011. 15B. Anne Mayer announced the next Budget and Implementation Committee meeting will be held on August 22, 2011. 16. ADJOURNMENT RCTC Budget and Implementation Committee Minutes June 27, 2011 Page 6 There being no further business for consideration by the Budget and Implementation Committee, the meeting was adjourned at 10:13 a.m. The next meeting of the Budget and Implementation Committee is scheduled for July 25, 2011 at 9:30 a.m. Respectfully submitted, Jennifer Harmon Clerk of the Board AGENDA ITEM 7 A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Michele Cisneros, Accounting and Human Resources Manager THROUGH: Theresia Trevino, Chief Financial Officer SUB..IECT: Quarterly Financial Statements STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the period ended June 30, 2011; and 2) Forward to the Commission for final action. BACKGROUND INFORM A TION: During the past fiscal year, staff has closely monitored the revenues and expenditures of the Commission. The attached financial statements present the revenues and expenditures incurred during the fiscal year. Accrual adjustments for revenue and expenditures have been made for June 30, 2011 and are reflected in these financial statements. The Commission will continue to make year-end accrual adjustments depending upon materiality through October 31, 2011. The operating statement shows the sales tax revenues for the fourth quarter at 92 percent of the budget. This is a result of the Governmental Accounting Standards Board (GASB) Statement No. 33. GASB 33 requires sales tax revenue to be accrued for the period in which it is collected at the point of sale. The State Board of Equalization collects the Measure A and Local Transportation Fund (L TF) sales taxes and remits these funds to the Commission after the reporting period for the businesses. This creates a two-month lag in the receipts of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections through May 2011. On a cash basis, the Measure A and L TF sales tax revenues are 6.9 percent and 5.9 percent higher, respectively, than the same period last year. This continued increase is an encouraging sign regarding the economic recovery in the region. Staff will continue to monitor the trends in the sales tax receipts and report to the Agenda Item 7 A 1 Commission any necessary adjustments to the FY 2010/11 budget for sales tax revenues. Federal, state, and local revenues are on a reimbursement basis. The Commission will receive these revenues as eligible project costs are incurred and invoiced to the respective agencies. Staff will continue to prepare year-end accrual adjustments through October 31,2011. Approximately 81 percent of the reimbursements were related to Measure A Western County highway and rail capital projects. During the FY 2010/11 budget process, the Commission took a conservative approach in estimating the Transportation Uniform Mitigation Fee (TUMF) revenues of $4.3 million passed through from the Western Riverside Council of Governments (WRCOG) as a result of the housing crisis and the significant impact this has had on the Inland Empire's local economy. Actual revenues passed through WRCOG are approximately 27 percent above the estimate. The budget balance of $5 million relates to TUMF zone reimbursements from WRCOG, of which only 32 percent had been billed as of June 30, 2011. Staff will bill WRCOG for TUMF zone reimbursements as eligible expenditures are accrued. Other revenues exceeded the estimate by 674 percent as a result of unbudgeted property management revenues generated from properties acquired in connection with the State Route 91 Corridor Improvement Project (SR-91 CIP). The Commission took a conservative approach in estimating interest income for FY 2010/11, due to flat interest yields on invested balances. Interest income is at 253 percent of the budget as a result of this conservative approach. Other than capital project expenditu res that are discussed separately, the other expenditures are in line overall with the expectations of the budget with the following exceptions: • Professional services are under budget due to ongoing contract negotiations with Burlington Northern Santa Fe regarding the 4th main track, downscaled toll feasibility work on the Interstate 1 5 Corridor Improvement Project (1-15 CIP) due to market conditions, and unused budget authority for level 2 and level 3 toll feasibility work on the SR-91 CIP. • Support costs are under budget due to unused budget authority for station maintenance and repair and utilities. • Program operation expenditures are under budget and reflect estimated accruals through June 30, 2011. • Operating and capital disbursements expenditures are under budget and are based on claims submitted by transit operators. • Special studies are under budget due to unused budget authority for Caltrans project initiation documents (PIDs) related to planning, programming, and monitoring. Due to the state's budget, additional funds were budgeted in Agenda Item 7 A 2 FY 2010/11 should the Commission be required to reimburse Caltrans for PIDs. • Local streets and roads expenditures are related to the timing of the Measure A sales tax revenues as previously explained. These financial statements reflect expenditures made to the local jurisdictions for collections through May 2011. • Regional arterial expenditures are administered by the Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority. • Capital outlay expenditures are under budget due to unexpended authority for financial software improvements. Staff expects these improvements to be completed by the second quarter of FY 2011/12. In September 2010, the Commission issued $20 million in commercial paper notes. In December 2010, the Commission issued $150 million in sales tax revenue bonds to provide funding for the 2009 Measure A projects and retire $103,284,000 of commercial paper notes. Sales tax revenue bonds debt service interest expenditures are made in December and June, while related principal payments are made in June. The debt service expenditures as of the fourth quarter include principal payments made to retire all of the outstanding commercial paper notes in December 2010, with the proceeds from the 2010 sales tax revenue bonds. The cost of issuance expenditures relates to the 2010 sales tax revenue bonds issued in December 2010. Staff will continue to monitor the revenues and expenditures and will notify the Commission of any unusual events. Listed below are the significant capital projects and the 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 optimistic and aggressive project schedules. Highway Engineering/Construction/Design-Build/Right of Way/Land State Route 60/Valley Way Interchange Project The county of Riverside is the lead agency for this project. The construction contract started in March 2010 and is essentially complete with the contractor clearing punch list items. Remaining invoices of approximately $1 million are expected to be accrued for in FY 2010/11. 74/215 Interchange Project -Construction is progressing as planned; one right of way acquisition is currently in condemnation proceedings. Agenda Item 7 A 3 SR-79 Realignment Project The d raft project report and environmental docu ment is being reviewed by Caltrans to receive approval to release for public circulation. Due to the size and complexity of the project, this phase has taken longer than anticipated. SR-91 IVan Buren Boulevard Interchange Project -The city of Riverside is the lead agency for this project. Construction started in March 2010 and the project is progressing. The Measure A funded portion of construction is $5 million; only $3 million was submitted with the remaining $2 million to be billed in the first quarter of FY 2011/12. SR-91 HOV Lanes Project -Caltrans has completed design work. Expenditures remain within the budget authority. Utility relocation contractors continue to perform relocation of utilities; however, no invoices for expenditures incurred to date have been submitted for paymenc but accruals will be recorded. Staff is performing right of way acquisition, and negotiations continue to progress and are on schedule; several acquisitions are pending settlements. Construction managed by Caltrans is currently forecasted to start in the fourth quarter FY 2011/12, depending on state Proposition 1 B bond sales. 71/91 Interchange Project The preliminary engineering and environmental phase was completed in late FY 2010/11. The availability of federal earmark funds allows the design phase of work to move forward. Procurement for the design consultant is scheduled for award by the end of the second quarter FY 2011/12. SR-91 CIP (design-build) A fourth limited notice to proceed (NTP) was issued in the third quarter FY 2010/11. A letter of intent for a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan was submitted in March 2011. The Commission was not selected for the TIFIA loan and is currently preparing for a submittal of Transportation Investment Generating Economic Recovery (TIGER) III/TIFIA grant application and letter of interest scheduled for October 31, 2011. Early right of way acquisition work was approved by Caltrans in April 2011. Following a public comment period in June 2011, the anticipated forecast date for early acquisition is scheduled for the first quarter FY 2011/12. 1-15 CIP Work on the environmental phase continues. The toll feasibility model was completed at the end of the second quarter FY 2010/11. Staff analyzed the results of the toll feasibility model and developed a scoping and implementation plan that was presented to an ad hoc committee in the fourth quarter of FY 2010/11. Comments were received and action items were developed to perform further analysis and to make recommendations for submittal to the Commission in the first or second quarter of FY 2011/12. Agenda Item 7 A 4 60/215 East Junction Interchange Project Right of way certification was approved in the first quarter of FY 2010/11. The project was advertised for construction and the bids were opened in the third quarter FY 2010/11. Construction is currently forecasted to start in the first quarter FY 2011/12. 1-215 Bi-County HOV Lanes Project Environmental work has been completed and costs have been accrued in FY 2010/11. 1-215 South Widening from Murrieta Hot Springs Road to Scott Road Project Construction began in July 2011 and is on schedule. 1-215 Central Widening Project from Scott Road to Nuevo Road - A full NTP with final design was issued, and the draft environmental document was approved in the second quarter FY 2010111. Invoices have been submitted by the contractor starting in the third quarter of FY 2010/11 and the project is on schedule. Mid County Parkway Project -Right of way acquisitions have been curtailed as property development has subsided, and the critical need to acquire property for protection has been delayed due to the substantial rescoping of the project. Rail Engineering/Construction/Right of Way/Land Perris Valley Line Project -Advance preliminary engineering is approximately 90 percent complete and right of way acquisition has started. Environmental clearances are scheduled to be obtained in the first quarter of FY 2011112, which would release activity for final right of way procurement and start of the final design phase. Riverside Downtown Station Layover Facility Project -The consultant selection process was completed and contract award for engineering was approved by the Commission in September 2010, and a NTP was issued in the second quarter FY 2010111. Delay in right of way access to perform geotechnical and environmental sampling caused preliminary engineering to start later than scheduled. Subsequently, the Commerce Street portion of the design and construction work has been suspended, as well as the construction of the northern facility due to funding issues. La Sierra Station Parking Expansion Project Final design actiVities were in progress and completion was expected in the second quarter FY 2010/11, followed by submitting the plan check to the city of Riverside. However, the project has been placed on hold due to availability of funding. Attachment: Quarterly Financial Statements June 2011 Agenda Item 7 A 5 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY FINANCIAL REPORT· 4TH QUARTER QUARTERLY BUDGET VS. ACTUAL FOR TWELVE MONTHS ENDED 6/30/2011 MEASURE A SALES TAX GENERAL FUND FSPI SAFE WESTERN COUNTY V PALO VERDE ALLEY COACHELLA VALLEY TR LOCAL ANSPORTATION AFUND ST TRANSIT TRA SSISTANCE UNIFORM ATE NSPORTATION CMITIGATION FEE ITUMF) OMMERCIAL PAPER SALES TAX BONDS DEBT SERVIcE COMBINED TOTAL Revenues Sales lax 16,700,235 79.917,418 $ 758.754 25,034,010 53.029,753 175,440.170 Federal reimbursements 299.579 189,112 10,562,646 11,051,337 State reimbursements 397,862 2,970,131 8,564,615 11,932,608 Local reimbursements 313.914 391,286 424,394 1,129,594 Transportation Uniform Mitigation Fee 1,605,596 5.453,216 7,058,812 Other revenues 1,045.866 141 154,023 1,200,030 Interest 61,848 39,448 1,520}58 41,074 406.443 247.554 523,866 1.451,521 41,929 296,592 4,631,033 Total revenues 18,819,304 3,590,118 102,749,450 758.754 25,075,084 53,436,196 247.554 5,977,082 1,451,521 41.929 296,592 212.443,584 Expenditures Salaries and benefits 3,345.397 98,784 2,227,000 1,372 186,186 5.858,739 Professional and support Professional services 2,144.160 649.555 8,156,085 452,128 25.189 11.427.717 Support costs 2,759.701 435,599 397,245 51 586 3,593,182 Total ProfessIOnal and support costs 4,903.861 1,085,154 8,553,330 51 452,714 25,789 15,020,899 m Projects and opera lions Program operations -general Engineering Construction Design BUild Right of waylland Operating and capital disbursements Special studies Local streets and roads Regional artenals Total projects and operations 1,625,639 28.419 10,167,485 402,763 146.688 12,370,994 2,338,314 2,338,314 6.318,915 21,856,251 21,097,924 14,490,943 25,688,540 4,345,839 56,687 22,609,598 116,464,697 798.122 798.122 17,272 1,631,146 3,773,000 8,874,134 8,249,723 22,545,275 50,667,830 50,667,830 1,623.043 1.623,043 243,166 6.810,758 1,020,871 17,486,763 25,561,558 74,172 2,405,684 1,278,317 3,758,173 248.116 50.328 298.444 10,543,306 28.989,297 26,155,625 14,490,943 44,532,367 70,577,197 459.450 32.428.542 8,249,723 236,426,450 Debt service Principal Interest Cost of issuance 103.264.000 151,132 4,791.737 1,440.958 6,300,000 4,852,046 109,584,000 9,794,915 1,440,958 Total debt service 103.435.132 6,232.695 11,152,046 120,819,873 Capital outlay 69.074 78,254 147,328 Total Expenditures 20,689,326 3,522,252 127,323,281 798.122 22,546,698 50,667,830 1.623.043 26,200,458 107.219.094 6.531.139 11,152,046 378,273.289 Excess revenues over (under) expenditures (1,870,022) 67,866 (24,573,831) (39.368) 2,528,386 2.768.366 (1,375.469) (20.223.376) (105.767.573) (6.469.210) (10,655.454) (165.829,705) Other financing sources/(uses) Operating transfer in Operating transfer out Debt proceeds Bond discount Total financing sources/(Llses) 52.238 52.238 906,600 (906,600) 32,224,176 (27,653,534) 4,570,642 1,678,228 1,678,228 8,699,301 8,699,301 103.284,000 (20.245,296) 20,000,000 103.038.704 708 (117,088,774) 150,000.000 (967.467) 31.944,467 20,727,181 (1,678,228) 19,048,953 167,572.432 (167,572.432) 170,000,000 (967.467) 169,032,533 Net change in fund balances (1,817.784) 67,666 (20,003,189) (39.368) 4,206,614 2,768,366 (1.375.489) (11 ,524.075) (2,728,869) 25.455.257 8,193,499 3,202,828 Fund balance July 1, 2010 13,261,438 6,679.571 260,141,532 39,926 4,029,697 74,875,969 33.611891 83,618,281 29.571,329 45,738,294 551,567,928 Fund balance June 30, 2011 11,443,654 $ 6,747,437 $ 240,138,343 558 8,236,311 77,644,335 32.236.402 72,094,206 26,842,460 25.455.257 53,931,793 $ 554,770}56 RIVERSIDE COUNTY TRANPORTATION COMMISSION QUARTERLY FINANCIAL STATEMENT -4TH QUARTER QUARTERLY BUDGET VS.ACTUAL BY FUND FOR TWELVE MONTHS ENDED 613012011 FY 2010/11 4TH QUARTER REMAINING PERCENT BUDGET ACTUAL BALANCE UTI LlZATION Revenues Sales tax $ 190,054,519 $ 175,440,170 $ (14,614,349) 92% Federal reimbursements 28,870,700 11,051,337 (17,819,363) 38% State reimbursements 25,210,100 11,932,608 (13,277,492) 47% Local reimbursements 830,700 1,129,594 298,894 136% Transportation Uniform Mitigation Fee 9,300,000 7,058,812 (2,241,188) 76% Other revenues 178,000 1,200,030 1,022,030 674% Interest 1,830,000 4,631,033 2,801,033 253% Total revenues 256,274,019 212,443,584 (43,830,435) 83% Expenditures Salaries and benefits 6,195,000 5,858,739 336,261 95% Professional and support Professional services 21,968,951 11,427,717 10,541,234 52% Support costs 4,481,829 3,593,182 888,647 80% Total Professional and support costs 26,450,780 15,020,899 11,429,881 57% Projects and operations Program operations general 12,887,326 10,543,306 2,344,020 82% Engineering 61,235,527 28,989,297 32,246,230 47% Construction 56,610,840 26,155,625 30,455,215 46% Design Build 22,991,000 14,490,943 8,500,057 63% Right of way/land 145,248,882 44,532,367 100,716,515 31% Operating and capital disbursements 111,515,440 70,577,197 40,938,243 63% Special studies 1,534,700 459,450 1,075,250 30% Local streets and roads 33,668,400 32,428,542 1,239,858 96% Regional arterials 15,195,000 8,249,723 6,945,277 54% Total projects and operations 460,887,115 236,426,450 224,460,665 51% Debt service Principal 109,584,200 109,584,000 200 100% Interest 10,437,300 9,794,915 642,385 94% Cost of issuance 1,520,000 1,440,958 79,042 95% Total debt service 121,541,500 120,819,873 721,627 99% Capital outlay 328,924 147,328 181,596 45% ~l~loTotal Expenditures 615403,319 378,273,289 237,130,030 Excess revenues over (under) expenditures (359,129,300) (165,829,705) 269,455,302 46% Other financing sourcesl(uses) Operating transfer in Operating transfer out Debt proceeds Bond discount Total financing sources/(uses) 251,478,721 (251,478,721) 170,000,000 (967,500l 169,032,500 167,572,432 (167,572,432) 170,000,000 (967,467l 169,032,533 (83,906,289) 83,906,289 33 (33) 67% 67% 100% 100% 100% Net change in fund balances Fund balance July 1,2010 Fund balance June 30,2011 $ (190,096,800) 500,458,200 310,361,400 $ 3,202,828 551,567,928 554,770,756 $ 269,455,269 51,109,728 320,564,997 -2% 110% 179% 7 AGENDA ITEM 7B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Anne Hallberg, Accounting Supervisor 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 June 30, 2011; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Attached are the quarterly investment and cash flow reports as required by state law and Commission policy. The county of Riverside/s Investment Report for the month ended June 30, 2011, is also attached for review. Attachments: 1) Quarterly Investment Report for the Quarter Ended June 30, 2011 2) County of Riverside Investment Report for the Month Ended June 30/ 2011 3) County of Riverside Treasurer's Pooled Investment Fund for the Period Ended June 30, 2011 Agenda Item 78 8 ATTACHMENT 1 Statement of Compliance Nature of Investments Bond Projects 7.48% Debt Reserve 2.68% Operating Funds 76.19% POrtfOIiO_M_a_t_u_ri_ty__0 to 90 Days 100% Portfolio Investment Type _______ 7.48% LAIF ____---r Mutual Funds 0.67% County Pool/Investment 2.68% County Pool/Cash 89.17% All of the above investments and any investment decisions made for the quarter ended June 30, 2011 were in full compliance with the Commission's investment policy as adopted on May 11,2011. The Commission has adequate cash flows for six months of operations. Signed ~~ Chief Financial Officer 9 Riverside County Transportation Commission Investment Portfolio Report Period Ended: June 30, 2011 FAIR VALUE OPERATING FUNDS City National Bank Deposits 891,727 Counly Treasurer's Pooled Investment Fund 404,192,778 Local Agency Investment Fund (LAI F) 3,591,694 Agency/Treasury Securities: Subtotal Operating Funds FUNDS HELD IN TRUST County Treasurers Pooled Investment Fund' Local Transportation Fund Subtotal Funds Hold In Trust COMMISSION BOND PROJECT FUNDS/DEBT RESERVE US Bank Money Market Investment Agreements County of Riverside Pool investment ..... First American Government Obtiga1iofl Fund 0 Subtotal Bond Project FundslDebt Reserve TOTAL All C••hand Investments Investment Transactions for tile Quarter Ended June 30, 2011 Purcilases: None Maturities: None 408,676,399 37,499,929 14,348,520 RATING MOODYS/FITCH S&P A3/88B+ Aaa/MR 1/AAAN1 Not Rated Aaa-MR1/AAAN1 Aaa/AAAm Aaa/MR1/AAAN1 Aaa/AAAm Par Value at Maturity Maturity Dalo COUPON RATE N/A NIA N/A N/A N/A N/A N/A NIA NIA PAR VALUE Coupon Rate ATTACHMENT 2 PURCHASE DATE N/A N/A MATURITY DATE N1A N/A YIELD TO MATURITY NIA 0,62% N/A PURCHASE COST MARKET VALUE UNREALIZED GAIN 0.62% 0.62% NIA Banks County Pool County Pool Investment LAIF SUMMARIZED INVESTMENT TYPE 891,727 477.440.621 14.348.520 3,591,894 Mutual Funds: CNI Charter US Bank Money Market 37.499,929 First American Government Obllgation Fund Sub -Total Mulual Funds 2,646,683 40,146,611 Federal Agency securities Certificates of Deposit U.S. Treasury securities Corporate NOle/Commercial Paper Investment Agreements TOTAL Treasurer-Tax Collector ATTACHMENT 3 Co ntv.:,of III III (~fz~;:' IverSI /;j¢ o All Data as of June 30, 2011 "Don't Hold Your Breath" Capital Markets ---~r;-- Glovane Pizano Investment Manager Angela Tressler Asst. Investment Manager Another fiscal year has come and gone. FY 11 was wrought with economic trials and tribulations at the local government level with further budget reductions and downsizing, as well as penSion reform. FY 12 is off to a tougher start than originally projected due to the still struggling real estate market. Our County Assessor reports that the assessed valuation will be reduced by another 1.45% due to decreasing commercial and industrial property values marking the third straight year of declines. Add into this volatile mix funding cuts at the state level and dwindling interest earnings from lower rates in the capital markets and you have a recipe for further reduction in public services to the tax payers, many at a time when they are needed the most. On the economic news front, Consumer Confidence continued its decline to a 7 month low in June with consumers not feeling upbeat about the latest employment numbers. However, there is a bright spot of sorts. Fuel costs have dropped over 10% mainly due to lowered demand and news of a concerted effort of 28 countries releasing 60 million barrels of oil out of strategic reserves; the initial impact did lower prices to around $90 a barrel, but has since climbed back a bit toward the mid $90 level. Standard & Poor's put the federal government on notice that it's risking its coveted AM credit rating if it continues the gridlock in the debate about its budget deficits and record $14 trillion debt. Moody's may downgrade the U.S. if it does not increase the debt ceiling by Au gust 2nd or the government may face a shutdown and possible default. Let's hope our federal leaders can agree on a plan and carry it out as a U.S. debt default would have catastrophic consequences globally. Not surprisingly, the FOMC voted to keep rates unchanged at its June 22 nd meeting with a risk-to-grow1h bias. We will now have to wait and see if this fiscal "New Year" shows any signs of improvement; after all, the State of California finally passed its budget on time but we won't be holding our breath though for the Feds! ~~ Don Kent 1 1 1.5% 1.9% 75.5% 24.5% 6/24/2011 6/28/2011 Gross Domestic Product (GOP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy. GDPis the cou 2.0% 0.0% (0.01) 1.76 2.50 0.06 *Source: Bloomberg Page 2 12 -PoolVield FIPXX 0.13% POIXX 0.09% Fargo Adllabtage Heritage WFJXX O.l()o,-b Morgan Stanley Institutional Prime Liquidity Fund MPFXX 0.09% Blacl<RockPrimeCash Fund BPIXX 0.14% The Treasurer's Institutional Money Market Index (TIMMI) is compiled and reported by the Riverside County Treasurer's Capital Markets division. It is a composite index de rived from five AAA rated prime institutional money market funds. Similar to the Treasurer's Office, prime money market funds invest in a diversified portfolio of U.S. dollar denominated money market instruments including U.S. Treasuries, government agencies, commercial paper, certificates of deposits, repurchase agreements, etc. T1MMI is currently comprised of the five multi billion dollar funds listed above. CAS~)/1'; 07/2011 07/2011 1,008.18 995.64 12.54 08/2011 547.80 725.41 (177.61) 34.19 09/2011 738.85 863.69 (124.84) 124.84 10/2011 730.00 820.00 (90.00) 90.00 11/2011 a40.22 689.85 150.37 12/2011 1,811.69 843.57 968.12 01/2012 842.93 1,339;48 (4965S) 02/2012 425.00 921.25 (496.25) 12 94~'20 792.9? 148.25 143.42 (0.00) 0.00 0.00 150.37 1,118.49 621.94 125.69 273.94 944.46 654.83 381.14 283.00 260.00 60.00 so.moo 189.96 66.00 50.00 4£8)66 cash flow requirements are based upon a 12 month histori cal cash flow model. Based upon projected cash receipts and maturing investments, there are sufficient funds to meet future cash flow disburse ments over the next 12 months. Page 3 13 ASS ~&!1!A~!JRgffi~jt\~i :*_,l}l >: S~he~U:f~~~!>"t,,,~\•..•~Jl~{/\!:I!~~ SCHEDULED PAR 010 MMKT j 50,000.00 50,000.00 CALTRUST FND [ 54,000.00 54,000.00 54,000.00 100.00% 0.52% .003 .003 DDA/PASSBK 1 70,000.00 70,000.00 70,000.00 100.00% 0.04% .003 .003 LOCAL AGCY OBLIG : 585.00 585.00 585.00 100.00% 1.14% 8.967 8.967 US TREAS BILLS ~ 25,000.00 24,952.79 24,987.50 100.14% 0.22% .614 .614 US TREAS BONDS ~ 620,000.00 622,849.22 622,707.50 99.98% 0.36% .800 .800 FHLMC DISC NOTES : 350,000.00 349,319.67 349,921.88 100.17% 0.24% .228 .228 FHLMC BONDS I 436,951.00 437,194.88 438,201.49 100.23% 1.01% 1.185 2.319 FNMA DISC NOTES i 410,000.00 408,974.25 409,606.25 100.15% 0.24% .441 .441 FNMA BONDS ~ 820,300.00 821,127.01 823,175.25 100.25% 1.07% 1.273 2.315 FHLB DISC NOTES : 100,000.00 99,794.50 99,995.69 100.20% 0.27% .215 .215 FHLB BONDS i 1,152,010.00 1,153,671.31 1,154,310.36 100.06% 0.77% .969 1.728 FFCB DISC NOTES i 82,000.00 81,826.13 81,965.63 100.17% 0.26% .424 .424 FFCB BONDS 298,705.00 299,384.56 299,737.35 100.12% 0.76% 1.276 1.515 fMAC DISC NOTES 45,000.00 44,904.19 44,923.44 100.04% 0.21% .904 .904 fARMER MAC 27,102.00 27,469.82 27,131.72 98.77% 1.00% 1.554 1.554 .. MMKT 10/0 -FHLB DISC NOTES 2"1• _ CALTRUST FNO 1% _ FHlB BONDS 23% MUNI BONDS 91,165.00 91,205.56 91,205.56 100.00% 0.99% .921 .921 _ DDA/PASSSI< 1% ..... FFCB OISC NOTES 2% .. LOCAL AGCY 06LIG 0"", 0=:> FFCB BONDS -1>%COMM PAPER 150,000.00 149,767.10 149,877.63 100.07% 0.27% .333 .333 -US TREAS BlLlS - 1 % ..... FMAC DISC NOTES· 1./0 NCDS 1 150(000.00 150,000.00 150,000.00 100.00% 0.25% .272 .272 .... US TREAS BONOS, 13"/0 <= FARMER MAC • 1%= FHlMC DISC NOTES 7% -MUNI BONOS 2%TotalsCi.!!!}$): '\ii' Ifl#ff.i,lIf.ta2,818.00,'4,937;O$:99 41l):12r3.l2.~;ii iii :t.ggJ:U.OJo U:;3<1/o': . ·\'~_ii\lH!ti·'~~f1jIl3~ii __ FHlMC BONOS· golO _ COMiIII PAPER· 3% C:i:I FNMA DISC NOTES -8% .... "lcns-3"", .... I'NMABONOS 17% 1,500,000.00 :.iii' 1,000,000.00 ! 500,000.00 0.00 t;°mll1~:gm:gID~m~:1l~I!l~:gg:g:Elf~m=~6~6~6~6~6J:~~~ :Eliig;O:I<IZmZ",ZmZmZfljmQ. ~-t<a~U~<~~~~~I-:E< _:Eo.. ... -' ... u :IE!:ig!;i~«Q:lQ~Qi:EQti::a<;o5 ...JUll-u""l m v .... vIX) G::::lO...,,:E ~ Ii < ~ = ~ ... ~ Scheduled 8001< _ Market "li2f ::i:,;':t;;Wllne 201~ MATURITY L{);i;;l1"r..~tj ; CAL TRUST FN 0 DDA/PASSBK LOCAL AGCY OBLIG US TREAS BILLS US TREAS BONDS FHLMC DISC NOTES FHLMC BONDS FNMA DISC NOTES FNMA BONDS FHLB DISC NOTES FHLB BONDS FFCB DISC NOTES FFCB BONDS FMAC DISC NOTES FARMER MAC MUNIBONDS COMM PAPER NCDS '~~.~~Y'D'A[~,~!!r~!~9~:,~!fectly~JI!!.!i!J:!!l!:1,_"_.,,W~~,rrr);;;;;;; ;"",r1¥!~;(Xrl 50,000.00 54,000.00 70,000.00 585.00 25,000.00 620,000.00 350,000.00 436,951.00 410,000.00 820,300.00 100,000.00 1,152,010.00 82,000.00 298,705.00 45,000.00 27,102.00 91,165.00 150,000.00 150.000.00 10.000 l:! ~ ... 5.000 .000 t: :t lE DUlI'ation .003 .003 .003 4.750 .613 .794 .228 2.276 .441 2.275 .215 1.695 .424 1.500 .903 1.543 .909 .333 .272 " i 11k ddt t 11 ~1'39~~'ill;:\<i>'~,.~}\ ,~:: ..841 '1.31 .003 .003 .003 4.750 .613 .794 .228 .693 .441 .770 .215 .723 .424 1.007 .903 1.543 .909 .333 .272 Jl1 -".., , .....1;' CO uZ ::£ g u.... ...:r 3 :I:... _ Effective Duration .003 .003 .003 8.967 .614 .800 .228 1.185 .441 1.273 .215 .969 .424 1.276 .904 1.554 .921 .333 .272 .00 .00 .00 8.97 .61 .80 .23 2.32 .44 2.32 .22 1.73 .42 1.52 .90 1.55 .92 .33 .27 bllG lS 13 11.1 U ~ S ~ ... 15 z u 8 ~ iE AvgUfe Maturity ,~g AVERAG CALTRUST FND DDA{PASSBK LOCAL AGCY OBLIG us TREAS 8ILLS us TREAS BONDS FHLMC DISC NOTES FHLMC BONDS FNMA DISC NOTES FNMABONDS FHLB DISC NOTES FHL8 BONDS FFCB DISC NOTES FFC8 BONDS FMAC DISC NOTES FARMER MAC MUNIBONDS COMM PAPER 54,000.00i 0.00, 70,000.00i O.OO! 0.001 o.ooi o.OOi 585.00: 585.00 o.oo! o.ooi O.OOi o.ooi 25,000.00 0.001 O.OO! 0.00' O.OO! 620,000.00 100,000.00 : 150,000.00 ! 0.00 O.OOi 350,000.00 15,000.00' 71,000.00 20,000.00: 436,951.00 2.5,000.00 5,000.00i 410,000.00 15,000.00i 820,300.00 O.OO! 100,000.00 189,190.00 1,152,010.00 0.00' 82,000.00 298,705.00 45,000.00 27,102.00 91,165.00 0.50 0.45 0.40 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 0-1 Mas > 1-3 Mas >3-12 Mas > 1-2 Yr >2-3 Yr >3 Yr 1st} June 2011COU~!~'~ij\l!l~ftSlb~i:yp:.;!y(d;, ~;:<!'; CREDIT , r-'loody's(OOO's) ,Pelr Book ,~..r"et MKT1~,C!C!,k Yield Aaa 4,473,944.32 4,479,458.89 4,479,458.89 100.12% 0.65% SOOK 010Aal 192,375.56 192,375.56 192,375.56 100.00% 0.54% Aa2 197,747.10 197,857.63 197,857.63 100.06% 0.32% NR 72,959.01 72,640.16 72,640.16 99.56% 0.51% ,Totaf!iJOOO's): ·4,937,025.99 4,942,332.24 4,942,332.24 100.11°10 0.63% Sl'.,~{,Q,99:s,L,<,,:,~,~_, i:';;;", •. ' '~!:!~~"'~ ,~C!ok.~!~~.t"" MKT1!5,'!()'!" ' ,Yield, AAA 4,469,816.00 4,473,944.32 4,479,458.89 100.12% 0.65% AA+ 190,895.00 190,702.39 190,812.91 100.06% 0.55% AA 49,420.00 49,420.27 49,420.27 100.00% 0.49% AA-150,000.00 150,000.00 150,000.00 100.00% 0.25% 11IIIIIIII AC'a -91'0/1:1 l1li Al\1 ¥ 4o/DNR 72,687.00 72,959.01 72,640.16 99.56% 0.51% .Ao1-4% mmNR-1Of.Totals (OOO's): 4,932,818.00 4,937,025.99 4,942,332.24 "lOO.l1ola ",.0;63010 ISaaK 0/0 _AAA-9;\..... EmAP.--;)% _AA+-4% IIIIIIIIIINR-l% _AA-l% '1''1 MMKT GOIXX FEDERATED GOV 07/01/2011 .010 .010 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .003 .003 "j::~ " .00] .003 CALTRUST FND CLTR CALTRUSTSHTTERM FUND 07/01/2011 .518 .518 54,000,000.00 54,000,000.00 100.000000 54,000,000.00 0.00 .003 .003 (.5~8 . jF';;llI~~"nT "P.4:QOO;OQO.Qij ,s,~tI?:Jl;\lipOO,OO 1011;~~9,R!!9:::;.;·· 54;00(J,oOO;00 \!l;00 ..~ :;~~q:rL .003 DDA/PASSBK CASH uaoc MANAGED RATE 07/01/2011 .041 .041 70,000,000.00 70,000,000.00 100.000000 70,000,000.00 0.00 .003 .003 tP"~r .003 LAO US DIST COURTHOUS 06/15/2020 1.137 1.137 585,000.00 585,000.00 100.000000 585,000.00 0.00 4.723 8.967 8.967 U.s. TREASURY BILL .220 .220 25,000,000.00 24,952,791.67 99.950000 24,987,500.00 .612 .614 24,981,500.00 ';~:1Z: .614 US 912828MJ6 u.s. TREASURY BOND 01/31/2012 .875 .910 15,000,000.00 14,990,625.00 100.440000 15,066,000.00 75,375.00 .579 .589 912828MQO U,S, TREASURY BOND 02/29/2012 .875 .410 10,000,000.00 10,069,140.63 100.480000 10,048,000.00 -21,140,63 .666 .668 912828MJ6 U.S, TREASURY BOND 01/3112012 .875 0401 10,000,000.00 10,066,601.56 100.440000 10,044,000.00 -22,601.56 .580 .589 912828MJ6 U.S. TREASURY BOND 01/3112012 .875 0412 10,000,000.00 10,063,671.88 100.440000 10,044,000.00 -19,671.88 .580 .589 912828NE6 U,S. TREASURY BOND 05/31/2012 .750 .399 10,000,000.00 10,058,593.75 100.480000 10,048,000.00 -10,593.75 .913 .921 912828NE6 U,S. TREASURY BOND 05/31/2012 .750 ,383 10,000,000.00 10,060,937.50 100.480000 10,048,000.00 -12,937.50 .913 .921 912828NE6 U,S, TREASURY BOND 05/31/2012 .750 .470 10,000,000.00 10,042,968.75 1000480000 10,048,000.00 5,031.25 .913 .921 912828NS5 U.s. TREASURY BOND 06/30/2012 .625 .487 10,000,000.00 10,022,265.63 100.390000 10,039,000.00 16,734.37 .996 1.003 912828NQ9 U.s, TREASURY BOND 07/31/2012 .625 .512 10,000,000.00 10,019,140.63 100.410000 10,041,000.00 21,859.37 1.076 1.088 912828NQ9 U.S, TREASURY BOND 07/31/2012 .625 .455 15,000,000.00 15,043,359.38 100.410000 15,061,500.00 18,140.62 1.076 1.088 912828MJ6 U.s, TREASURY BOND 01/31/2012 .875 .332 15,000,000.00 15,096,679.69 100.440000 15,066,000.00 -30,679.69 .580 .589 912828MJ6 U.S. TREASURY BOND 01/31/2012 .875 .340 20,000,000.00 20,125,000.00 100.440000 20,088,000,00 -37,000.00 .580 .589 912828NE6 U,S, TREASURY BOND 05/31/2012 .750 .418 20,000,000.00 20,099,218.75 100.480000 20,096,000.00 -3,218.75 .913 .921 912828MJ6 U.s. TREASURY BOND 01/3112012 .875 .366 15,000,000.00 15,088,476.57 100.440000 15,066,000.00 -22,476.57 .580 .589 912828MJ6 U.S. TREASURY BOND 01/31/2012 .875 .304 10,000,000.00 10,056,640.63 100.440000 10,044,000.00 -12,640.63 .580 .589 912828MJ6 U.S, TREASURY BOND 01/31/2012 .875 .321 10,000,000.00 10,054,687.50 100.440000 10,044,000.00 ·10,687.50 .580 .589 912828MJ6 U.s. TREASURY BOND 01/3112012 .875 .339 20,000,000.00 20,103,906.25 100.440000 20,088,000.00 -15,906.25 .580 .589 912828NE6 U.S. TREASURY BOND 05/31/2012 .750 .485 20,000,000.00 20,068,750.00 100.480000 20,096,000,00 27,250.00 .913 .921 912828MJ6 U.S. TREASURY BOND 01/31/2012 .875 .335 10,000,000.00 10,052,343.75 100.440000 10,044,000.00 -8,343.75 .580 ,589 912828NE6 U.s. TREASURY BOND 05/31/2012 .750 .316 15,000,000.00 15.078,515,63 100.480000 15,072,000.00 -6,515.63 .913 .921 912828MQO U.s. TREASURY BOND 02/29/2012 .875 ,259 15,000,000.00 15.086,718.75 100.480000 15,072,000.00 -14,718.75 .666 .668 912828NE6 U.s. TREASURY BOND 05/31/2012 .750 ,349 20,000,000.00 20,095,312.50 100.480000 20,096,000.00 687,50 .913 .921 912828NS5 U.s. TREASURY BOND 06/30/2012 .625 .385 15,000,000.00 15,045,703.13 100.390000 15,058,500.00 12,796.87 .997 1.003 912828MQO U,S. TREASURY BOND 0212912012 .875 .257 15,000,000.00 15,086,718.75 100.480000 15,072,000.00 -14,718.75 .666 .668 912828NQ9 U.s. TREASURY BOND 07/3112012 .625 0400 15,000,000.00 15,045,703.13 100.410000 15,061,500.00 15,796.87 1.077 1.088 912828MQO U.s. TREASURY BOND 02/29/2012 .875 .255 20,000,000.00 20,115,625.00 100.480000 20,096,000.00 -19,625.00 .666 .668 912828MUI U.S. TREASURY BOND 03131/2012 1.000 .282 15,000,000.00 15,109,570.31 100,610000 15,091,500.00 -18,070.31 .746 .753 912828MLl U.S. TREASURY BOND 12/31/2011 1.000 .250 15,000,000.00 15,084,960.94 100.430000 15,064,500.00 -20,460.94 ,503 .504 912828MJ6 U.s. TREASURY BOND 01/31/2012 .875 .262 20,000,000.00 20,103,125.00 100.440000 20,088,000.00 -15,125.00 .580 .589 912828NS5 U.s. TREASURY BOND 06/30/2012 .625 0413 15,000,000.00 15,039,843,75 100.390000 15,058,500.00 18,656.25 .996 1.003 912828NE6 U.S. TREASURY BOND 05/31/2012 .750 .379 15,000,000.00 15,065,039.06 100.480000 15,072,000.00 6,960.94 .913 .921 912828MJ6 U.s. TREASURY BOND 01/31/2012 .875 .260 15,000,000.00 15,077,343.75 100.440000 15,066,000.00 -11,343.75 .580 .589 912828MJ6 U.s. TREASURY BOND 01/31/2012 .875 .262 20,000,000.00 20,102,343.75 100.440000 20,088,000.00 -14,343.75 .580 .589 912828MQO U.s. TREASURY BOND 02/29/2012 .875 .281 20,000,000.00 20,108,593.75 100.480000 20,096,000.00 -12,593.75 .666 .668 912828MQO U.s. TREASURY BOND 02/29/2012 .875 .287 25,000,000.00 25,131,835.94 100.480000 25,120,000.00 -11,835.94 .666 .668 912828NS5 U.S. TREASURY BOND 06/3012012 .625 .324 25,000,000.00 25,089,843.75 100.390000 25,097,500.00 7,656.25 .997 1.003 912828NE6 U.S. TREASURY BOND 05131/2012 .750 .292 10,000,000.00 10,050,000.00 100.480000 10,048,000.00 -2,000.00 .913 .921 912828NS5 U.S. TREASURY BOND 06/30/2012 .625 .294 20,000,000.00 20,076,562.50 100.390000 20,078,000.00 1,437,50 .997 1.003 912828NQ9 U,S. TREASURY BOND 07131/2012 .625 .304 15,000,000.00 15,059,765,63 100.410000 15,061,500.00 1,734.37 1.077 1.088 18 Page 8 912828PH7 u.s. TREASURY BOND 08/31/2012 .375 .342 15,000,000.00 15,006,445.31 100.130000 15,019,500.00 13,054.69 1.162 1.173 91282BNX4 U.s. TREASURY BOND 09/30/2012 .375 .327 10,000,000.00 10,006,640.63 100.110000 10,011,000.00 4,359.37 1.245 1.255 .7711 622,~~r(;~ll~~9~¥lit<~,j>Ji~J.4i,1"18;~~;i,. .1,~~ ~,~~,800 FHLMC DISC NOTES 313396KF9 FHLMC DISC NOTE 08/10/2011 .290 .291 50,000,000.00 49,867,486.11 100.000000 50,000,000.00 132,513.89 .112 .112 313396KE2 FHLMC DISC NOTE 08/09/2011 .290 .291 50,000,000.00 49,870,305.56 100.000000 50,000,000.00 129,694.44 .109 .110 313396J80 FHLMC DISC NOTE 07/13/2011 .240 .240 50,000,000.00 49,904,000.00 100.000000 50,000,000.00 96,000.00 .036 .036 313396JYO FHLMC DISC NOTE 08/03/2011 .250 .251 50,000,000.00 49,892,708.33 100.000000 50,000,000.00 107,291.67 .093 .093 313396JH7 FHLMC DISC NOTE 07/19/2011 .240 .240 50,000,000.00 49,923,666.67 100.000000 50,000,000.00 76,333.33 .052 .052 313396NE9 FHLMC DISC NOTE 10/20/2011 .140 .140 50,000,000.00 49,961,500.00 100.000000 50,000,000.00 38,500.00 .306 .307 3137EACG2 FHLMC 01/09/2013 1.375 1.407 10,000,000.00 9,990,300.00 101.468750 10,146,875.00 156,575.00 1.494 1.532 3134GIKL7 FHlMC 3YrNclYr 07/12/2013 1.500 1.500 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.982 2.036 3134GIGQI FHLMC 08/28/2012 1.000 .709 5,000,000.00 5,029,450.00 100.750000 5,037,500.00 8,050.00 1.150 1.164 3134GIGQI FHLMC 08/28/2012 1.000 .694 10,000,000.00 10,061,850.00 100.750000 10,075,000.00 13,150.00 1.150 1.164 3134GIGQl FHLMC 08/28/2012 1.000 .732 10,000,000.00 10,054,100.00 100.750000 10,075,000.00 20,900.00 1.149 1.164 3134GIGQI FHLMC 08/28/2012 1.000 .699 5,000,000.00 5,030,400.00 100.750000 5,037,500.00 7,100.00 1.150 1.164 3134GIPP3 FHLMC 3.25YrNclY 11/18/2013 1.400 1.400 5,000,000.00 5,000.000.00 100.125000 5,006,250.00 6,250.00 2.332 2.389 3133F4XPI FHLMC 5YrNclYr 08/15/2015 1.000 1.061 5,000,000.00 4,985,250.00 100.156250 5,007,812.50 22,562.50 4.015 4.129 3137EACLl FHLMC 10/28/2013 .875 .937 5,000,000.00 4,990,300.00 100.468750 5,023,437.50 33,137.50 2.295 2.332 3134G1SGO FHLMC 3.5YrNc6Mo 03/03/2014 1.250 1.250 5,000,000.00 5,000,000.00 100.656250 5,032,812.50 32,812.50 2.612 2.677 3134GISYI FHLMC 5YrNc6Mo 09/16/2015 1.000 1.000 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 4.102 4.216 3134GIWT7 FHLMC 11/26/2012 .515 .470 5,000,000.00 5,004,700.00 100.187500 5,009,375.00 4,675.00 1.398 1.411 3134GIWEO FHLMC 5YrNc6Mo 10/28/2015 1.375 1.375 5,000,000.00 5,000,000.00 100.437500 5,021,875.00 21,875.00 4.178 4.332 3134GIWH3 FHlMC 3.5YrNc6Mo 04/28/2014 1.200 1.200 10,000,000.00 10,000,000.00 100.062500 10,006,250.00 6,250.00 2.767 2.830 3134GIWEO FHLMC 5YrNc6Mo 10/28/2015 1.375 1.375 5,000,000.00 5,000,000.00 100.437500 5,021,875.00 21,875.00 4.178 4.332 3134GIXG4 FHLMC 2YrNc6Mo 10/29/2012 .500 .500 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.324 1.334 3134G1XH2 FHLMC 2YrNc6Mo 11/02/2012 .600 .605 10,000,000.00 9,999,000.00 100.031250 10,003,125.00 4,125.00 1.330 1.345 3134GIXH2 FHlMC 2YrNc6Mo 11/02/2012 .600 .600 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.330 1.345 3134GIXH2 FHLMC 2YrNc6Mo 11/02/2012 .600 .600 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.330 1.345 3134GIXH2 FHlMC 2YrNc6Mo 11/02/2012 .600 .615 10,000,000.00 9,997,000.00 100.031250 10,003,125.00 6,125.00 1.330 1.345 3134GIXH2 FHLMC 2YrNc6Mo 11/02/2012 .600 .600 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.330 1.345 3134GIXH2 FHLMC 2YrNc6Mo 11/02/2012 .600 .600 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.330 1.345 3134G1WA8 FHlMC 2YrNc3Mo 10/25/2013 1.125 1.142 5,000,000.00 4,997,500.00 100.062500 5,003,125.00 5,625.00 2.279 2.323 3134G1WAB FHLMC 3YrNc3Mo 10/25/2013 1.125 1.142 5,000,000.00 4,997,500.00 100.062500 5,003,125.00 5,625.00 2.279 2.323 3137EACK3 FHLMC 2.2Yr 07/27/2012 1.125 .514 10,000,000.00 10,102,700.00 100.812500 10,081,250.00 -21,450.00 1.064 1.077 3134GIZCl FHLMC 2.5YrNc6Mo OS/23/2013 .625 .645 5,000,000.00 4,997,500.00 100.062500 5,003,125.00 5,625.00 1.882 1.899 3134G1D35 FHLMC 3YrNciMo 12/20/2013 1.050 1.050 15,000,000.00 15,000,000.00 100.250000 15,037,500.00 37,500.00 2.433 2.477 3134GIE34 FHLMC 2.75YrNc1Mo 09/23/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.281250 5,014,062.50 14,062.50 2.200 2.236 3137EACRB FHLMC 3Yr 02/25/2014 1.374 1.374 5,000,000.00 5,000,000.00 101.468750 5,073,437.50 73,437.50 2.584 2.660 3134GIW75 FHLMC 3YrNc6Mo 01/28/2014 1.500 1.500 5,000,000.00 5,000,000.00 100.093750 5,004 ,687 .50 4,687.50 2.504 2.584 3134GIlSO FHLMC 3YrNc6Mo 02/11/2014 1.500 1.500 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 2.540 2.622 3137EACRB FHLMC 3Yr 02/25/2014 1.375 1.465 10,000,000.00 9,973,100.00 101.468750 10,146,875.00 173,775.00 2.570 2.660 3134GIZSO FHLMC 3YrNc6Mo 02/11/2014 1.500 1.500 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 2.540 2.622 3134G13]1 FHLMC 3.5YrNc6Mo 08/22/2014 1.700 1.700 10,000,000.00 10,000,000.00 100.187500 10,018,750.00 18,750.00 3.031 3.148 3134GI5D2 FHLMC SYrNc6Mo 03/09/2016 2.500 2.500 5,000,000.00 5,000,000.00 100.406250 5,020,312.50 20,312.50 4.368 4.696 3134G13KB FHLMC 1.25YrNc6Mo OS/24/2013 1.000 1.027 5,000,000.00 4,997,000.00 100.125000 5,006,250.00 9,250.00 1.875 1.901 3134G1VH4 FHLMC 3Yr 10/07/2013 1.150 1.213 13,000,000.00 12,979,200.00 100.250000 13,032,500.00 53,300.00 2.227 2.274 3134GIWS9 FH LMC 2YrNc6Mo 10/12/2012 .600 .600 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 1.275 1.288 3134G2AL6 FHLMC 1.5YrNc6Mo 09/21/2012 .625 .625 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.217 1.230 3134GIVG6 FHLMC 2Yr 10/30/2012 .625 .650 5,000,000.00 4,998,000.00 100.343750 5,017,187.50 19,187.50 1.324 1.337 3134G2DSB FH LMC 5YrNc6MoB 04/21/2016 2.250 2.250 5,000,000.00 5,000,000.00 100.687500 5,034,375.00 34,375.00 4.515 4.814 3134G13KS FHLMC 2.25YrNc6MoE OS/24/2013 1.000 1.000 10,000,000.00 10,000,000.00 100.125000 10,012,500.00 12,500.00 1.876 1.901 19 Page 9 3134G2CJ9 FHLMC 3.5YrNc3MoB 10/15/2014 1.000 1.000 10,000,000.00 3,125.00 3.224 3134GIZCI FHLMC 2.5YrNc6MB OS/23/2013 .625 .737 5,000,000.00 4,988,500.00 100.062500 14,625.00 1.881 1.899 3134G2FW7 FHLMC 2.5YrNc3MoB 11/19/2013 1.200 1.202 5,000,000.00 4,999,750.00 100.125000 5,006,250.00 6,500.00 2.342 2.392 3134G2CL4 FHLMC 3Yr 04/29/2014 1.350 1.160 5,000,000.00 5,027,800.00 101.156250 5,057,812.50 30,012.50 2.765 2.833 3134G2GUO FHLMC 4YrNc3MoB OS/26/2015 1.000 1.000 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 3.818 3.907 3137EACP2 FHLMC 2Yr 11/30/2012 .375 .385 14,121,000.00 14,118,881.85 99.968750 14,116,587.19 -2,294.66 1.411 1.422 3134G2HQ8 FHLMC 5YrNc6MoB OS/25/2016 2.000 2.011 5,000,000.00 4,997,500.00 100.156250 5,007,812.50 10,312.50 4.639 4.907 3134G2HE5 FHLMC 3YrNc6MoE OS/23/2014 1.250 1.250 5,000,000.00 5,000,000.00 100.281250 5,014,062.50 14,062.50 2.833 2.899 3134G2HQ8 FHLMC 5YrNc6MoB OS/25/2016 2.000 2.005 5,000,000.00 4,998,750.00 100.156250 5,007,812.50 9,062.50 4.639 4.907 3137EACLI FHLMC 3Yr 10/28/2013 .875 .790 11,000,000.00 11,022,330.00 100.468750 11,051,562.50 29,232.50 2.297 2.332 3134G2HU9 FHLMC 2.5YrNc6MoE 12/09/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.218750 5,010,937.50 10,937.50 2.405 2.447 3134G2HU9 FHLMC 2.5YrNc6MoE 12/09/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.218750 5,010,937.50 10,937.50 2.405 2.447 3134G2HL9 FHLMC 3YrNc3MoB 06/02/2014 1.375 1.375 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 2.852 2.926 3134G2JTO FHLMC 4YrNc3MoB 06/15/2015 .750 .750 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00 3.892 3.962 3134G2JFO FHLMC 2YrNc6MoB 12/09/2013 1.050 1.050 5,000,000.00 5,000,000.00 100.156250 5,007,812.50 7,812.50 2.403 2.447 3134G2HL9 FHLMC 3YrNc3MoB 06/02/2014 1.375 1.375 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 2.852 2.926 3134G2KG6 FHLMC 2YrNc3MoB 06/21/2013 .800 .800 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.955 1.978 3134G2KG6 FHLMC 2YrNc3MoB 06/21/2013 .800 .800 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.955 1.978 3134G2FT4 FHLMC 2.25Yr 08/13/2013 .875 .611 5,000,000.00 5,028,775.00 100.468750 5,023,437.50 -5,337.50 2.062 2.123 3134G2KY7 FHLMC 2.25YrNc6MoB 09/23/2013 .750 .750 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 2.210 2.236 3134G2KY7 FHLMC 2.25YrNc6MoB 09/23/2013 .750 .750 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 2.204 2.236 3134G2KWI FHLMC 3YrNc6MoE 06/23/2014 1.150 1.150 5,000,000.00 5,000,000.00 99.875000 4,993,750.00 -6,250.00 2.921 2.984 3134G2LA8 FHLMC 2YrNc3MoB 06/28/2013 .700 .700 5,000,000.00 5,000,000.00 99.906250 4,995,312.50 -4,687.50 1.977 1.997 3134G2KY7 FHLMC 2.2YrNc6MoB 09/23/2013 .750 .761 7,000,000.00 6,998,250.00 100.031250 7,002,187.50 3,937.50 2.222 2.236 3134G2LV2 FH LMC 3YrNc6MoE 06/27/2014 1.050 1.050 5,000,000.00 5,000,000.00 99.593750 4,979,687.50 -20,312.50 2.937 2.995 3134G2LA8 FHLMC 2YrNc3MoB 06/28/2013 .700 .700 1,800,000.00 1,800,000.00 99.906250 1,798,312.50 -1,687.50 1.977 1.997 1.041' 1.010 436,951,1l00.OD .437,194,1183.85 •·.. 1.00.2I1til8~.( 438,201,490.32 1,006,606.41 2.263 2.319 FNMA DISC NOTES 313588KFI FNMA DISC NOTE 08/10/2011 .290 .291 25,000,000.00 24,930,722.22 100.000000 25,000,000.00 69,277.78 .112 .112 313588KN4 FNMA DISC NOTE 08/17/2011 .290 .291 25,000,000.00 24,929,312.50 100.000000 25,000,000.00 70,687.50 .131 .132 313588JR7 FNMA DISC NOTE 07/27/2011 .270 .271 25,000,000.00 24,939,437.50 100.000000 25,000,000.00 60,562.50 .074 .074 313588LC7 FNMA DISC NOTE 08/31/2011 .290 .291 50,000,000.00 49,859,027.78 100.000000 50,000,000.00 140,972.22 .169 .170 313588LS2 FNMA DISC NOTE 09/14/2011 .250 .251 50,000,000.00 49,882,986.11 100.000000 50,000,000.00 117,013.89 .208 .208 313588MJI FNMA DISC NOTE 09/30/2011 .250 .251 25,000,000.00 24,938,888.89 100.000000 25,000,000.00 61,111.11 .251 .252 313588TA3 FNMA DISC NOTE 02/13/2012 .210 .210 50,000,000.00 49,910,458.33 99.906250 49,953,125.00 42,666.67 .623 .625 313588RX5 FNMA DISC NOTE 01/17/2012 .190 .190 100,000,000.00 99,852,750.00 99.937500 99,937,500.00 84,750.00 .549 .551 313588WJO FNMA DISC NOTE 05/03/2012 .200 .200 25,000,000.00 24,950,000.00 99.843750 24,960,937.50 10,937.50 .842 .844 313588WH4 FNMA DISC NOTE 05/02/2012 .200 .200 30,000,000.00 29,940,166.67 99.843750 29,953,125.00 12,958.33 .839 .841 313586QR3 FNMA DISC NOTE 07/05/2014 1.052 1.051 5,000,000.00 4,840,500.00 96.031250 4,801,562.50 -38,937.50 2.983 3.016 ";{i}: .;;Rt <{,. ··:j:i .:'A>,,< .• ";2~~):(":;;~;%; h!Z4~~~;:~' 410,000,ooa.aa~~:4ll.~(9~.1?~~!!~~.1!9.99~~~~Z{.t~,·· 409,6.06,ZSO.00 632;000.00 '.438 .440 FNMA BONDS 3136F94P5 FNMA 3Yr 01/30/2012 2.000 1.573 10,000,000.00 10,107,000.00 100.937500 10,093,750.00 -13,250.00 .574 .586 31398AZN5 FNMA 11/23/2011 1.000 1.117 5,000,000.00 4,987,900.00 100.375000 5,018,750.00 30,850.00 .398 .400 31398AF23 FNMA 3YrNc6Molx 02/08/2013 1.800 1.809 10,000,000.00 9,997,500.00 100.156250 10,015,625.00 18,125.00 1.565 1.614 31398AXX5 FNMA 11/03/2011 1.215 .750 10,000,000.00 10,065,500.00 100.375000 10,037,500.00 -28,000.00 .344 .345 31398AV90 FNMA 3YrNc2Yr 07/16/2013 1.300 1.317 5,000,000.00 4,997,500.00 100.875000 5,043,750.00 46,250.00 1.999 2.047 31398AW32 FNMA 3YrNclYr 07/19/2013 1.375 1.378 10,000,000.00 9,999,000.00 100.062500 10,006,250.00 7,250.00 2.005 2.055 31398AW32 FNMA 3YrNci Yr 07/19/2013 1.375 1.378 10,000,000.00 9,999,000.00 100.062500 10,006,250.00 7,250.00 2.005 2.055 31398AW32 FNMA 3YrNclYr 07/19/2013 1.375 1.375 5,000,000.00 5,000,000.00 100.062500 5,003,125.00 3,125.00 2.005 2.055 31398AW32 FNMA 3YrNclYr 07/19/2013 1.375 1.375 5,000,000.00 5,000,000.00 100.062500 5,003,125.00 3,125.00 2.005 2.055 3136FMV35 FNMA 5YrNc6Mo 07/21/2015 1.500 1.500 2,000,000.00 2,000,000.00 100.093750 2,001,875.00 1,875.00 3.897 4.060 3136FM2P8 FNMA 5YrNc6Mo 07/28/2015 1.500 1.500 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 3.917 4.079 3136FM3D4 FNMA 5YrNciMo 07/28/2015 1.500 1.521 5,000,000.00 4,995,000.00 100.125000 5,006,250.00 11,250.00 3.916 4.079 3136FM3Z5 FNMA 5YrNc6Mo 08/11/2015 1.500 1.500 5,000,000.00 5,000,000.00 100.156250 5,007,812.50 7,812.50 3.953 4.118 20 Page 10 Treasurer's Pooled Investment Fund 3136FM7DO 3136FPAF4 3136FPAF4 3136FPAF4 31398A3NO 31398A3A8 31398A3D2 31398A3D2 31398A3D2 31398A3D2 3136FPEL7 31398A3D2 3 i36FPEL7 3136FPEl7 3136FPEL7 3136FPEL7 31398A3NO 31398A3L4 31398A3l4 3136FPGV3 31398A3L4 31398A3l4 31398A3L4 3136FPGA9 3136FPEX1 31398A3Rl 31398A4A7 31398A4A7 31398A4A7 31398A4A7 31398AH54 31398A4H2 31398A4H2 31398A4H2 3136FPNM5 31398A5Hl 3136FPSTS 3136FPST5 31398AP71 31398AT77 31398ASB4 31398A5VO 31398A5VO 31398AT77 3136FPSH1 31398A5S7 31398A5S7 31398A557 3136FPQL4 3136FPVBO 3136FPVBO 31398A5VO 3136FPVC8 31398A5Z1 FNMA 5YrNc1.5Yr FNMA FNMA FNMA FNMA FNMA FNMA 3YrNclMo FNMA 3YrNclMo FNMA 3YrNclMo FNMA 3YrNclMo FNMA 3YrNc6Mo FNMA 3YrNcl Yr FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 5YrNc6Mo FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 3YrNc2Mo FNMA 3.25YrNc6Mo FNMA 3.5YrNc6Mo FNMA 3Yr FNMA 3YrNclMo FNMA 3YrNciMo FNMA 3YrNciMo FNMA FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 3YrNc6Mo FNMA 5YrNc6Mo FNMA 3YrNciMo FNMA 3YrNciMo FNMA 3YrNciMo FNMA 2.2Yr FNMA 2.2Yr FNMA 2Yr FNMA 2Yr FNMA 2Yr FNMA 2.2Yr FNMA 3.5YrNclMo FNMA 2YrNclYr FNMA 3YrNclYr FNMA 3YrNclYr FNMA 3YrNc6Mo FNMA 5YrNc6Mo FNMA 5YrNc6Mo FNMA 2YrNclYr FNMA 5YrNc6Mo FNMA 3YrNc6Mo 08{11{2015 08{17{2015 11{23{2012 11{23{2012 11/23{2012 09/24/2012 09/03/2013 09{09/2013 09{09{2013 09{09{2013 09{O9{2013 09/09/2013 09/09{2013 09{09/2013 09/09/2013 09/09/2013 09/09/2013 09/24{2012 09/17/2013 09{17{2013 09/17/2015 09/17{2013 09/ 17/2013 09/17/2013 09/20/2013 12/17/2013 03/21/2014 09/27/2013 09/27/2013 09/27/2013 09/27/2013 04/04{2012 1O/08{2013 1O{08/2013 1O{08/2013 10/15{2015 11{04{2013 1O{25/2013 10{25/2013 06/22{2012 07/30/2012 11/01/2012 11/09/2012 11/09/2012 07/30/2012 04/25/2014 11/15/2013 11/15/2013 11/15/2013 04/15/2013 11{16/2015 11/16/2015 11/09{2012 11/19/2015 11/19/2013 LOOO .800 .800 .800 .625 1.050 1.125 1.125 1.125 1.125 L050 1.125 1.050 1.050 1.050 1.050 .625 1.125 1.125 1.250 1.125 1.125 1.125 1.000 1.125 1.350 1.200 1.200 1.200 1.200 1.000 1.125 1.125 1.125 1.250 .875 .750 .750 1.250 1.125 .550 .625 .625 1.125 1.000 .900 .900 .900 .875 1.000 1.000 .625 1.250 .800 .800 .800 .800 .700 1.058 1.125 1.125 1.125 1.125 1.050 1.125 1.050 1.050 1.084 1.050 .704 1.132 1.125 1.250 1.125 1.125 1.125 1.017 1.141 1.350 1.200 1.200 1.200 1.200 .410 1.125 1.125 1.125 1.250 .885 .750 .750 .348 .403 .550 .625 .625 .458 1.025 .900 .900 .900 .875 1.000 L005 .625 1.250 .800 5,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5.000,000.00 5,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000.000.00 5,000,000.00 5,000,000.00 5,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 3,050,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 15,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 2,500,000.00 10,000,000.00 5,000,000.00 10,000,000.00 21 Page II 100.500000 25,000.00 4.022 4.134 10,000,000.00 100.093750 9,375.00 1.386 1.403 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.386 1.403 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.386 1.403 4,992,300.00 100.375000 5,018,750.00 26,450.00 1.224 1.238 4,998,750.00 100.718750 5,035,937.50 37,187.50 2.138 2.181 5,000,000.00 100.156250 5,007,812.50 7,812.50 2.152 2.197 5,000,000.00 100.156250 5,007,812.50 7,812.50 2.152 2.197 10,000,000.00 100.156250 10,015,625.00 15,625.00 2.152 2.197 5,000,000.00 100.156250 5,007,812.50 7,812.50 2.152 2.197 5,000.000.00 100.625000 5,031,250.00 31,250.00 2.154 2.197 5,000,000.00 100.156250 5,007,812.50 7,812.50 2.152 2.197 5,000,000.00 100.625000 5,031,250.00 31,250.00 2.154 2.197 5,000,000.00 100.625000 5,031,250.00 31,250.00 2.154 2.197 4,995,000.00 100.625000 5,031,250.00 36,250.00 2.154 2.197 5,000,000.00 100.625000 5,031,250.00 31,250.00 2.154 2.197 4,992,000.00 100.375000 5,018,750.00 26,750.00 1.224 1.238 4,999,000.00 101.125000 5,056,250.00 57,250.00 2.174 2.219 10,000.000.00 101.125000 10,112,500.00 112.500.00 2.174 2.219 5,000,000.00 100.250000 5,012.500.00 12,500.00 4.078 4.219 5,000,000.00 101.125000 5,056,250.00 56,250.00 2.174 2.219 5,000,000.00 101.125000 5,056,250.00 56,250.00 2.174 2.219 5,000,000.00 101.125000 5,056,250.00 56,250.00 2.174 2.219 4,997,500.00 100.562500 5,028,125.00 30,625.00 2.186 2.227 4,997.500.00 100.750000 5,037,500.00 40,000.00 2.422 2.468 5,000,000.00 100.812500 5,040,625.00 40,625.00 2.657 2.726 5,000,000.00 100.218750 5,010,937.50 10,937.50 2.199 2.247 10,000,000.00 100.218750 10,021,875.00 21,875.00 2.199 2.247 5,000,000.00 100.218750 5,010,937.50 10,937.50 2.199 2.247 5,000,000.00 100.218750 5,010,937.50 10,937.50 2.199 2.247 10,088,900.00 100.531250 10,053,125.00 -35,775.00 .757 .764 5,000,000.00 101.093750 5,054,687.50 54.687.50 2.232 2.277 5,000,000.00 101.093750 5,054,687.50 54,687.50 2.232 2.277 5,000,000.00 101.093750 5,054,687.50 54,687.50 2.232 2.277 5,000,000.00 100.031250 5,001,562.50 1,562.50 4.155 4.296 3,049,085.00 99.875000 3,046,187.50 -2,897.50 2.313 2.351 10,000,000.00 100.125000 10,012,500.00 12,500.00 2.292 2.323 10,000,000.00 100.125000 10,012,500.00 12,500.00 2.292 2.323 10,145,800.00 100.906250 10,090,625.00 -55,175.00 .973 .981 10,124,000.00 100.843750 10,084,375.00 -39,625.00 1.073 1.085 15,000,000.00 100.093750 15,014,062.50 14,062.50 1.328 1.342 10,000,000.00 100.125000 10,012,500.00 12,500.00 1.349 1.364 10,000,000.00 100.125000 10,012,500.00 12,500.00 1.349 1.364 10,114,300.00 100.843750 10,084,375.00 ·29,925.00 1.073 1.085 4,995,700.00 99.968750 4,998,437.50 2,737.50 2.768 2.822 5,000,000.00 100.281250 5,014,062.50 14,062.50 2.342 2.381 5,000,000.00 100.281250 5,014,062.50 14,062.50 2.342 2.381 5,000,000.00 100.281250 5,014,062.50 14,062.50 2.342 2.381 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.771 1.795 5,000,000.00 100.125000 5,006,250.00 6,250.00 4.268 4.364 2,499,375.00 100.125000 2,503,125.00 3,750.00 4.268 4.384 10,000,000.00 100.125000 10,012,500.00 12,500.00 1.349 1.364 5,000,000.00 99.750000 4,987,500.00 -12,500.00 4.249 4.392 10,000,000.00 99.968750 9,996,875.00 -3,125.00 2.357 2.392 31398A5Z1 FNMA 3YrNc6Mo 11/19/2013 .800 .800 5,000,000.00 5,000,000.00 99.968750 4,998,437.50 -1,562.50 2.357 2.392 31398A6G2 FNMA 3YrNc1Yr 11/22/2013 .750 .750 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 2.367 2.400 31398A5Y4 FNMA 3YrNc6Mo 11/26/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 2.369 2.411 3136FPXXO FNMA 4Yr 11/26/2014 1.050 1.050 10,000,000.00 10,000,000.00 99.531250 9,953,125.00 -46,875.00 3.334 3.411 31398A6L1 FNMA 3YrNc1Mo 11/29/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.250000 5,012,500.00 12,500.00 2.377 2.419 31398A6L1 FNMA 3YrNc1Mo 11/29/2013 1.000 1.053 5,000,000.00 4,992,250.00 100.250000 5,012,500.00 20,250.00 2.377 2.419 31398A6L1 FNMA 3YrNc1Mo 11/29/2013 1.000 1.085 10,000,000.00 9,975,000.00 100.250000 10,025,000.00 50,000.00 2.376 2.419 31398A6L1 FNMA 3YrNc1Mo 11/29/2013 1.000 1.085 5,000,000.00 4,987,500.00 100.250000 5,012,500.00 25,000.00 2.376 2.419 31398A6K3 FNMA 3YrNc1Mo 11/29/2013 .800 .800 5,000,000.00 5,000,000.00 100.187500 5,009,375.00 9,375.00 2.385 2.419 3136FPSH1 FNMA 3.5YrNc1Mo 04/25/2014 1.000 1.212 5,000,000.00 4,964,950.00 99.968750 4,998,437.50 33,487.50 2.765 2.822 3136FPZD2 FNMA 4YrNc2Mo 12/03/2014 1.125 1.125 10,000,000.00 10,000,000.00 99.500000 9,950,000.00 -50,000.00 3.348 3.430 3136FPE94 FNMA 3YrNc1Yr 12/13/2013 1.050 1.074 25,000,000.00 24,982,500.00 100.406250 25,101,562.50 119,062.50 2.414 2.458 3136FPL88 FNMA 3YrNc1Yr 12/16/2013 1.200 1.200 7,750,000.00 7,750,000.00 100.250000 7,769,375.00 19,375.00 2.417 2.466 3136FPL88 FNMA 3YrNc1Yr 12/16/2013 1.200 1.200 10,000,000.00 10,000,000.00 100.250000 10,025,000.00 25,000.00 2.417 2.466 3136FPE78 FNMA 5YrNc6Mo 12/16/2015 1.500 1.510 5,000,000.00 4,997,500.00 100.281250 5,014,062.50 16,562.50 4.297 4.466 3136FPG68 FNMA 2.5YrNc1Yr 05/16/2013 .800 .800 5,000,000.00 5,000,000.00 100.250000 5,012,500.00 12,500.00 1.858 1.879 3136FPL88 FNMA 3YrNc1Yr 12/16/2013 1.200 1.200 5,000,000.00 5,000,000.00 100.250000 5,012,500.00 12,500.00 2.417 2.466 3136FPN78 FNMA 3YrNc1 Yr 12/27/2013 1.250 1.250 25,000,000.00 25,000,000.00 100.281250 25,070,312.50 70,312.50 2.446 2.496 3136FPN78 FNMA 3YrNc1Yr 12/27/2013 1.250 1.250 10,000,000.00 10,000,000.00 100.281250 10,028,125.00 28,125.00 2.446 2.496 31398A7A4 FNMA 3YrNc1 Yr 12/30/2013 1.300 1.300 5,000,000.00 5,000,000.00 100.468750 5,023,437.50 23,437.50 2.452 2.504 3136FPW60 FNMA 3YrNc1Yr 12/30/2013 1.500 1.500 5,000,000.00 5,000,000.00 100.468750 5,023,437.50 23,437.50 2.451 2.504 3136FPV95 FNMA 3.5YrNc1Yr 07/03/2014 1.700 1.700 10,000,000.00 10,000,000.00 100.625000 10,062,500.00 62,500.00 2.896 3.011 3136FPV95 FNMA 3.5YrNc1Yr 07/03/2014 1.700 1.700 15,000,000.00 15,000,000.00 100.625000 15,093,750.00 93,750.00 2.896 3.011 31398A7H9 FNMA 2YrNc6Mo 01/07/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00 1.497 1.526 3136FPV38 FNMA 3.5YrNc6Mo 07/07/2014 1.750 1.750 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00 2.904 3.022 3136FPV46 FNMA 3YrNc1Yr 01/13/2014 1.420 1.420 20,000,000.00 20,000,000.00 100.531250 20,106,250.00 106,250.00 2.466 2.542 31398A7M8 FNMA 2YrNc6Mo 01/18/2013 .930 .930 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.529 1.556 3136FP3X3 FNMA 2.25YrNc6Mo 05/03/2013 1.000 1.000 10,000,000.00 10,000,000.00 100.062500 10,006,250.00 6,250.00 1.818 1.844 3136FP6XO FNMA 5Yr 02/04/2016 .303 .324 10,000,000.00 9,990,000.00 99.062500 9,906,250.00 -83,750.00 4.554 4.603 3135GOAM5 FNMA 3YrNc1Yr 01/27/2014 1.000 1.000 5,000,000.00 5,000,000.00 100.343750 5,017,187.50 17,187.50 2.525 2.581 3136FRCU5 FNMA 3YrNc6Mo 03/21/2014 1.625 1.625 10,000,000.00 10,000,000.00 100.250000 10,025,000.00 25,000.00 2.644 2.726 3136FRDY6 FNMA 3YrNc6MoE 03/28/2014 1.600 1.600 10,000,000.00 10,000,000.00 100.281250 10,028,125.00 28,125.00 2.664 2.745 3136FRED1 FNMA 3.5YrNc6MoE 09/29/2014 1.875 1.875 10,000,000.00 10,000,000.00 100.343750 10,034,375.00 34,375.00 3.122 3.252 3136FPUC9 FNMA 2Yr 10/30/2012 .500 .550 15,000,000.00 14,988,000.00 100.031250 15,004,687.50 16,687.50 1.326 1.337 3136FPUC9 FNMA 2Yr 10/30/2012 .500 .557 10,000,000.00 9,991,000.00 100.031250 10,003,125.00 12,125.00 1.326 1.337 31398A3K6 FNMA 4Yr 03/14/2014 1.250 1.278 5,000,000.00 4,996,000.00 101.093750 5,054,687.50 58,687.50 2.642 2.707 3136FRGK3 FNMA 3.25YrNc1YrE 07/25/2014 1.700 1.700 5,000,000.00 5,000,000.00 100.937500 5,046,875.00 46,875.00 2.957 3.071 31398A5W8 FNMA 3Yr 12/18/2013 .750 1.194 5,000,000.00 4,941,950.00 100.000000 5,000,000.00 58,050.00 2.433 2.471 3136FPUC9 FNMA 2YrNc 10/30/2012 .500 .473 5,000,000.00 5,002,000.00 100.031250 5,001,562.50 -437.50 1.326 1.337 31398AVZ2 FNMA 5Yr 03/13/2014 2.750 1.128 10,000,000.00 10,454,500.00 105.187500 10,518,750.00 64,250.00 2.591 2.704 3136FRKM4 FNMA 4.25YrNc1YrE 08/24/2015 2.000 2.000 5,000,000.00 5,000,000.00 100.375000 5,018,750.00 18,750.00 3.936 4.153 31398A5Z1 FNMA 3Yr 11/19/2013 .800 .870 5,000,000.00 4,991,250.00 99.968750 4,998,437.50 7,187.50 2.356 2.392 31398A6F4 FNMA 1.75 Yr 12/28/2012 .375 .349 5,000,000.00 5,002,000.00 100.031250 5,001,562.50 -437.50 1.489 1.499 3135GOBN2 FNMA 3YrNc1YrE 06/27/2014 1.000 1.000 5,000,000.00 5,000,000.00 99.625000 4,981,250.00 -18,750.00 2.940 2.995 3135GOBR3 FNMA 2.25Yr 08/09/2013 .500 .580 10,000,000.00 9,983,000.00 99.875000 9,987,500.00 4,500.00 2.090 2.112 3136FRYK3 FNMA 3YrNc9MoB d~ , , , """""" """~::$11i: 06/30/2014 .800 :I;~l~r .800 '1.066 10,000,000.00 10,000,000.00 99.875000 82tl,3tiO;ljjJ(j':AA:;";'8:t:!.i1l7,010;00 'l,~O~:JsqSl,2.•. 9,987,500.00 823,175,250.00 -12,500.00 i2,048;24O,00, 2.958 2.262· 3.003 2.314 FHLB DISC NOTES 313384LS6 FHLB DISC NOTE 09/14/2011 .270 .271 50,000,000.00 49,898,000.00 99.995833 49,997,916.67 99,916.67 .208 .208 313384LX5 FHLB DISC NOTE 09/19/2011 .270 .271 50,000,000.00 49,896,500.00 99.995556 49,997,777.78 101,277.78 .221 .222 .270" .271 1000(001),000:O.OD 99,794,500.00 99.9956!lS 99,995,1;94.45~, /3,:201,194.45 .214 .215 FHLB BONDS 3133XTXH4 FHLB 07/27/2011 1.625 1.671 5,000,000.00 4,995,250.00 100.125000 5,006,250.00 11,000.00 .073 .074 3133XTXH4 FHLB 07/27/2011 1.625 1.671 10,000,000.00 9,990,500.00 100.125000 10,012,500.00 22,000.00 .073 .074 3133XU7J6 FHLB 2Yr 07/18/2011 1.125 1.251 5,000,000.00 4,987,800.00 100.031250 5,001,562.50 13,762.50 .049 .049 22 Page 12 3133XVNT4 12/14/2012 1.750 1.612 5,000,000.00 5,093,750.00 1.431 3133XWKU2 FHLB 2.5Yr 06/08/2012 1.375 1.212 5,000,000.00 100.968750 5,048,437.50 31,337.50 .930 .942 31331JFT5 FHLB I.5Yr 09/01/2011 .680 .809 5,000,000.00 4.991,000.00 100.093750 5,004,687.50 13,687.50 .172 .173 3133XXTU1 FHLB 2.25Yr 07/12/2012 1.260 1.260 5,000,000.00 5,000,000.00 100.937500 5,046,875.00 46,875.00 1.018 1.036 3133XYHDO FHLB 06/14/2013 1.625 1.198 15,000,000.00 15,185,100.00 102.156250 15,323,437.50 138,337.50 1.920 1.959 3133702E7 FHLB 04/02/2012 .750 .750 5,000,000.00 5,000,000.00 100.343750 5,017,187.50 17,187.50 .751 .759 3133XWW47 FHLB 03/09/2012 1.125 .886 10,000,000.00 10,040,000.00 100.562500 10,056,250.00 16,250.00 .686 .693 3133XYVH5 FHLB 5YrNcL5Yr 07/06/2015 1.500 1.500 10,000,000.00 10,000,000.00 100.718750 10,071,875.00 71.875.00 3.856 4.019 3133XYUK9 FHLB 01/17/2012 .800 .800 35,000,000.00 35,000,000.00 100.281250 35,098,437.50 98,437.50 .543 .551 3133XWEZ8 FHLB 07/08/2011 .750 .466 8,890,000.00 8,915,158.70 100.000000 8,890,000.00 -25,158.70 .022 .022 3133703Y2 FHLB 01/09/2012 .625 .625 10.000,000.00 10.000,000.00 100.218750 10,021,875.00 21,875.00 .522 .529 3133XYZC2 FHLB 01/13/2012 .670 .650 25,000,000.00 25,007.500.00 100.156250 25,039,062.50 31,562.50 .533 .540 3133XYZC2 FHLB 01113/2012 .670 .670 15,000,000.00 15,000,000.00 100.156250 15,023,437.50 23,437.50 533 .540 3133XYZC2 FHLB 01/13/2012 .670 .679 10,000.000.00 9,998,700.00 100.156250 10,015,625.00 16,925.00 .533 .540 3133XYZC2 FHLB 01/13/2012 .670 .670 5,000,000.00 5,000,000.00 100.156250 5,007,812.50 7,812.50 .533 .540 3133702W7 FHLB 3YrNnL5Mo 07/12/2013 1.400 1.400 5,000,000.00 5,000,000.00 100.562500 5,028,125.00 28,125.00 1.985 2.036 313370BG2 FHLB lYr 07/28/2011 .450 .450 10,000,000.00 10,000,000.00 100.031250 10,003,125.00 3,125.00 .076 .077 313370BG2 FHLB 1Yr 07/28/2011 .450 .420 20,000,000.00 20,006,000.00 100.031250 20,006,250.00 250.00 .076 .Oll 313370BG2 FHLB 1Yr 07/28/2011 .450 .415 10,000.000.00 10,003,460.00 100.031250 10,003,125.00 -335.00 .077 .077 313370BJ6 FHLB 01/30/2012 .650 .570 10,000,000.00 10,011,930.00 100.218750 10,021,875.00 9,945.00 .580 .586 313370BJ6 FHLB 01/30/2012 .650 .550 10,000,000.00 10,014,900.00 100.218750 10,021,875.00 6,975.00 .580 .586 313370BJ6 FHLB 01/30/2012 .650 .506 5,000,000.00 5,010,650.00 100.218750 5,010,937.50 287.50 .580 .586 3133XYW35 FHLB L5Yr 12/21/2011 .750 .446 10,000,000.00 10,040,757.70 100.281250 10,028,125.00 -12,632.70 .475 .477 313370TA6 FHLB 3Yr 08/28/2013 .875 .851 5,000,000.00 5,003,500.00 100.625000 5,031,250.00 27,750.00 2.130 2.164 313370TB4 FHLB 3Yr 07/29/2013 .850 .840 5,000.000.00 5,001,442.61 100.625000 5,031,250.00 29,807.39 2.052 2.082 3133706G8 FHLB 01/13/2012 .625 .420 10,000,000.00 10,027,900.80 100.156250 10,015,625.00 -12,275.80 .533 .540 313370TH1 FHLB 3YrNclMo 09/09/2013 1.000 1.051 5,000.000.00 4,992,500.00 100.125000 5,006,250.00 13,750.00 2.156 2.197 3133XYlC2 FHLB 01/13/2012 .670 .425 10,000,000.00 10,032,800.00 100.156250 10,015,625.00 -17,175.00 .533 .540 3133XWKU2 FHLB 2Yr 06/08/2012 1.375 .642 10,000,000.00 10,126,900.00 100.968750 10,096,875.00 -30,025.00 .932 .942 3133706GB FHLB 01/1312012 .625 .455 20,000,000.00 20,045,000.00 100.156250 20,031,250.00 -13,750.00 .533 .540 313370B72 FHLB 15Yr 01/25/2012 .600 .385 10,000,000.00 10,028,700.00 100.187500 10,018,750.00 -9,950.00 .567 .573 3133XYZC2 FHLB 01/13/2012 .670 .375 10,000,000.00 10,038,500.00 100.156250 10,015,625.00 -22,875.00 .533 .540 3133706G8 FHLB 01/13/2012 .625 .375 15,000,000.00 15,048,794.70 100.156250 15,023,437.50 -25.357.20 .534 .540 313370ZT8 FHLB 1.5Yr 03127/2012 .SOO .500 5.000,000.00 5,000.000.00 100.156250 5,007,812.50 7,812.50 .739 .742 3133XXPV3 FHLB 2.2Yr 05/18/2012 1.125 .459 10,000,000.00 10,108,600.00 100.718750 10,071,875.00 -36,725,00 .879 .885 3133XXPV3 FHLB 2.2Yr 05/18/2012 1.125 .453 10,000,000.00 10,109,600.00 100.718750 10,071,875.00 ·37,725.00 .879 .885 3133712GO FHLB 5YrNc3Mo 09/29/2015 1.250 1.276 10,000,000.00 9,987,500.00 100.031250 10,003,125.00 15,625.00 4.111 4.252 3133XYV58 FHLB 1.75Yr 03/30/2012 .750 .411 11,000,000.00 11,055,770.00 100.343750 11,037,812.50 -17,957.50 .747 .751 3133XWKU2 FHLB 2Yr 06/08/2012 1.375 .370 5,000,000.00 5,081,600.00 100.968750 5,048,437.50 -33,162.50 .934 .942 313371EE2 FHLB 3.25YrNc3Mo 01/27/2014 .850 .910 5,000.000.00 4,990,500.00 100.000000 5,000,000.00 9,500.00 2.532 2.5S1 3133XXPV3 FHLB 2.2Yr 05/18/2012 1.125 .342 10,000,000.00 10,119,200.00 100.718750 10,071,875.00 -47,325.00 .879 .885 313371PM2 FHLB 2.6Yr 06/26/2013 .SOO .590 10,000,000.00 9.976,500.00 99.968750 9,996,875.00 20,375.00 1.976 1.992 3133XXPV3 FHLB 2.2Yr 05/18/2012 1.125 .445 20,000,000.00 20,206,000.00 100.718750 20,143,750.00 -62,250.00 .879 .885 313371PEO FHLB 3YrNc3Mo 11/18/2013 .BOO .800 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 2.354 2.389 313371KX3 FHLB 3YrNc3Mo 11/18/2013 1.000 1.000 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 2.347 2.369 31337IUC8 FHLB 3.2Yr 12/27/2013 .875 .934 10,000,000.00 9,982,000.00 100.375000 10,037,500.00 55,500.00 2.458 2.496 3133XXPV3 FHLB 2.2Yr 05/18/2012 1.125 .485 10,000,000.00 10,095,500.00 100.718750 10,071,875.00 -23,625.00 .878 .885 313371NJ1 FHLB 5YrNc3Mo 11/2312015 1.250 1.250 10,000,000.00 10,000,000.00 100.218750 10,021,875.00 21,875.00 4.260 4.403 313371P67 FHLB 5YrNc3Mo 11/25/2015 1.300 1.300 15,000,000.00 15,000,000.00 100.250000 15,037,500.00 37,500.00 4.261 4.408 313371VAI FHLB 3YrNc3Mo 12/09/2013 1.100 1.100 6,200,000.00 6,200,000.00 100.000000 6,200,000.00 0.00 2.401 2.447 31337IU53 FHLB 5YrNc3Mo 12/10/2015 1.500 1.500 10,000,000.00 10,000,000.00 100.218750 10,021,875.00 21,875.00 4.281 4.449 313371Nll FHlB 5YrNc6Mo 11/19/2015 1.000 1.343 5,000,000.00 4,916,900.00 99.761250 4,989,062.50 70,162.50 4.268 4.392 313372KE3 FHlB 4Yr 02/04/2015 .213 .213 15,000,000.00 15,000,000.00 99.250000 14,887,500.00 -112,500.00 3.576 3.603 3133XYVC6 FHLB 5Yr 06/18/2015 .809 .376 5,000,000.00 5,091,325.00 101.125000 5,056,250.00 -35,075.00 3.904 3.970 23 Page 13 3133736HO FHlB 2.5Yr 09/2612013 1.000 1.000 100,843750 5,042,187.50 42,187.50 2.203 2.244 313373A51 FHlB 3Yr 04129/2014 1.350 1.350 10,000,000,00 10,000,000.00 101.312500 10,131,250.00 131,250,00 2.762 2.833 313373C42 FHlB 1YrNc3MoB 04/2712012 .410 Ala 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 .822 .827 313373C34 FHlB 1YrNc3MoB 0412712012 .400 .400 10,000,000,00 10,000,000.00 100.000000 10,000,000.00 0.00 .822 .827 3133737D8 FHlB 1.25YrNc3MoB 07/2012012 .450 .450 5,000,000,00 5,000,000,00 100,031250 5,001,562.50 1,562.50 1.050 1.058 3133734Z2 FHlB 5YrNc3MoB 0412012016 2.000 2.000 5,000,000.00 5.000.000.00 100.125000 5,006,250.00 6.250.00 4.543 4.811 3133XWBW8 FHlB 2,5Yr 05115/2012 1.210 .422 5,000,000.00 5,044,075,00 100,781250 5,039,062.50 -5,012.50 .870 .877 313373CZ3 FHlB 3Yr 05127/2014 1.500 1.500 5,000,000.00 5,000,000,00 101.687500 5,084,375.00 84,375,00 2.832 2.910 313373FB3 FHlB 2YrNc3MoB 04129/2013 1.000 1.000 10,000,000.00 10,000,000.00 100.062500 10,006,250.00 6,250.00 1.807 1.833 313373FX5 FHlB 2YrNc3MoB 0412912013 1.070 1.070 5,000,000.00 5,000,000.00 100.062500 5,003,125.00 3,125,00 1.805 1.833 313373H54 FHlB 5yrNci YrB 0412512016 1.250 1.250 15,000,000.00 15,000,000.00 100.812500 15,121,875.00 121,875,00 4.653 4.825 313373EW8 FHlB 5YrNc3MoB 04127/2016 2.000 2.000 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 4.562 4.830 313373F98 FHlB 2.2SYr 08/15/2013 1.000 1.000 7,500,000.00 7,500,000.00 100.906250 7,567,968.75 67,968.75 2.090 2,129 313373JR4 FHlB 3Yr 0512812014 1.375 1.419 10,000,000,00 9,986,700.00 101.343750 10.134,375.00 147,675.00 2.840 2.912 313373HW5 FHlB 3YrNc3MoE 05/0512014 1.600 1.600 9,400,000.00 9,400,000.00 100.125000 9,411,750.00 11,750.00 2.766 2.849 313373CK6 FHlB SYrNc3MoB 04127/2016 2.000 2.000 5,000,000.00 5,000,000.00 100.156250 5,007,812.50 7,812.50 4.562 4.830 313373)60 FHlB lYrNc3MoB 05111/2012 .340 .311 20,000,000.00 20,006,000.00 100.000000 20,000,000,00 ·6,000.00 .862 .866 313373NVO FHlB 5YrNc3MoB 0511912016 2.000 2.000 5,000,000.00 5,000,000.00 100.187500 5,009,375,00 9,375.00 4.623 4.890 313373NDO FHlB lYr 04126/2012 .250 .250 10,000,000,00 10,000,000.00 99.937500 9,993,750.00 -6.250.00 .821 .825 313373RC8 FHlB 3,25Yr 0713012014 1.250 1.250 5,000,000,00 5,000,000.00 100,781250 5,039.062.50 39,062.50 3.000 3.085 313373586 FHlB 2YrNc3MoB 05109/2013 .750 .750 10,000,000.00 10,000,000.00 100.062500 10,006,250.00 6,250.00 1.840 1.860 313373R61 FHlB 2YrNc6MoE 05/1712013 1.000 ,862 5,000,000,00 5,013,700.00 100,250000 5,012.500.00 -1,200.00 1.858 1.882 313373RBO FHlB 5YrNc3MoB 0512612016 2,000 2.000 5,000,000.00 5,000,000.00 100.281250 5,014,062.50 14,062.50 4.642 4.910 313373578 FHLB 2,5YrNc3MoB 11/26/2013 1.000 1.000 5,000,000,00 5,000,000.00 100,125000 5,006,250.00 6,250,00 2.369 2.411 313373US9 FHLB 4YrNc3MoB OS/2612015 1.250 1.250 3,900,000,00 3,900,000,00 99,875000 3,895,125,00 -4,875.00 3.796 3.907 313373U67 FHlB 4YrNc3MoB OS/26/2015 1.000 1.000 5,000,000.00 5,000,000.00 100.125000 5,006,250.00 6,250.00 3.818 3.907 313373VN9 FHlB 3.5YrNc3MoB 12/08/2014 .750 ,750 5,000,000,00 5,000,000.00 99,937500 4,996,875,00 -3,125,00 3.387 3.444 313373U34 FHlB SYrNc3MoB OS/25/2016 1.000 1.000 5,000,000.00 5,000,000.00 99.968750 4,998,437.50 -1,562.50 4.768 4.907 313373545 FHlB 5YrNc3MoB OS/26/2016 2.000 2.000 5,000,000.00 5,000,000.00 100,062500 5,003,125.00 3,125.00 4.642 4.910 313373Y22 FHlB lYr OS/23/2012 .250 .250 35,000,000.00 35,000,000.00 99.937500 34,978,125,00 -21,875.00 .895 .899 313373QJ4 FHlB 2.5YrNc6MoB 11125/2013 1.125 1.125 4,200,000.00 4,200,000.00 100.312500 4,213,125.00 13,125.00 2.362 2.408 313373Y22 FHlB IYr 05123/2012 .250 .230 10,000,000,00 10,001,985.40 99.937500 9,993,750.00 -8,235.40 .896 .899 3133742B5 FHlB lYr 05129/2012 .230 .230 20,000,000.00 20,000,000.00 99.906250 19,981,250.00 -18,750.00 .912 .915 313373WN8 FHlB SYrNc3MoB 06/0912016 1.750 1.771 5,000,000,00 4,995,000.00 100.062500 5,003,125.00 8,125.00 4.709 4.948 313373XR8 FHlB 5YrNc3MoB 06116/2016 2.125 2.125 5,000,000.00 5,000,000.00 98.781250 4,939,062.50 -60,937.50 4.681 4,967 313373537 FHlB 2,25Yr 08/28/2013 .750 ,671 5,000,000.00 5,008,850.00 100.343750 5,017,187.50 8,337.50 2.135 2.164 313373ZF2 FHlB 1.7SYrNciMoB 0312012013 .550 .550 5,000,000.00 5,000,000.00 99.968750 4,998,437.50 -1,562.50 1.711 1.723 313373ZF2 FHlB 1.7SYrNciMoB 0312012013 .550 .550 5,000,000.00 5,000,000.00 99.968750 4,998,437.50 -1,562.50 1.711 1.723 3133743F5 FHlB 5YrNc3MoB 0612312016 2.010 2.010 10,000,000.00 10,000,000.00 98.781250 9,878,125.00 -121,875,00 4.715 4.986 313373YW6 FHlB 5YrNc3MoB 0611512016 1.500 1.500 5,000,000.00 5,000,000.00 99.968750 4,998,437.50 -1,562,50 4.758 4.964 313373Y22 FHlB IYr 05123/2012 .250 .234 5,000,000.00 5,000,800,00 99,937500 4,996,875,00 -3,925.00 .896 .899 3133742K5 FHlB 1.5YrNciMoB 12/20/2012 .500 .500 5,000,000.00 5,000,000,00 100.000000 5,000,000.00 0.00 1.465 1.477 3133742KS FHlB LSYrNclMoB 12/20/2012 .500 .500 5,000,000.00 5,000,000.00 100,000000 5,000,000.00 0.00 1.465 1.477 313374357 FHlB 2.5YrNc3MoA 12/20/2013 ,875 .875 5,000,000.00 5,000,000.00 100.062500 5,003,125.00 3,125.00 2.440 2.477 3133744Cl FHlB 2YrNciMoB 06/27/2013 .750 .750 5,000,000.00 5,000,000.00 99.937500 4,996,875.00 -3,125.00 1.973 1.995 3133744Cl FHlB 2YrNciMoB 06127/2013 .750 .750 2,300,000.00 2,300,000.00 99,937500 2,298,562.50 -1,437,50 1.973 1.995 3133744Cl FHlB 2YrNciMoB 06/2712013 .750 .750 5,000,000.00 5,000,000.00 99.937500 4,996,875.00 -3,125,00 1.973 1.995 3133745K2 FHlB 3YrNc6MoE 06127/2014 1.125 1.125 5,000,000.00 5,000,000.00 99.843750 4,992,187.50 -7,812.50 2.934 2.995 3133745K2 FHlB 3YrNc6MoE 06/27/2014 1.125 1.125 5,000,000,00 5,000,000.00 99.843750 4,992,187.50 -7,812.50 2.934 2,995 313373Z47 FHlB 2.2YrNcIMoB 08121/2013 .750 .750 3,000,000.00 3,000,000.00 100.031250 3,000,937.50 937,50 2.115 2.145 3133745K2 FHlB 3YrNc6MoE 06127/2014 1.125 1.125 5,000,000.00 5,000,000.00 99.843750 4,992,187.50 -7,812.50 2.934 2.995 313374AF7 FH lB SYrNc3 MoB 06130/2016 1.750 1.750 3,820,000.00 3,820,000.00 99.343750 3,794,931.25 -25,068,75 4.768 5.005 3133744B3 FHlB SYrNc3MoB 06123/2016 1.250 1.250 5,000,000.00 5,000,000.00 99.468750 4,973,437.50 -26,562.50 4.813 4.986 313373Y22 FHlB lYr 0512312012 .250 .203 13,810,000.00 13,816,076.40 99,937500 13,801,368.75 -14,707,65 .896 ,899 24 Page 14 313374EY2 FHLB 1Yr .250 10,000,000.00 99.937500 9,993,750.00 -6,250.00 .970 .975 3133745K2 FHLB 3YrNc6MoE 06/27/2014 1.125 1.133 5,000,000.00 4,998,750.00 99.843750 4,992,187.50 -6,562.50 2.933 2.995 313374EY2 FHLB 1Yr 06/20/2012 .250 .250 10,000,000.00 10,000,000.00 99.937500 9,993,750.00 -6,250.00 .970 .975 313374EY2 FHLB 1Yr 06/20/2012 .250 .250 10,000,000.00 10,000,000.00 99.937500 9,993,750.00 -6,250.00 .970 .975 3133745K2 FHLB 3YrNc6MoE 06/27/2014 1.125 1.125 5,000,000.00 5,000,000.00 99.843750 4,992,187.50 -7,812.50 2.934 2.995 313374EY2 FHLB 1Yr 06/20/2012 .250 .250 10,000,000.00 10,000,000.00 99.937500 9,993,750.00 -6,250.00 .970 .975 313374EY2 FHLB 1Yr 06/20/2012 .250 .250 10,000,000.00 10,000,000.00 99.937500 9,993,750.00 -6,250.00 .970 .975 3133747C8 FHLB 3YrNc1YrE 06/20/2014 1.000 1.000 5,990,000.00 5,990,000.00 99.750000 5,975,025.00 -14,975.00 2.921 2.975 313374A83 FHLB 2YrNc6MoA 06/28/2013 .650 .650 5,000,000.00 5,000,000.00 99.812500 4,990,625.00 -9,375.00 1.978 1.997 313374AG5 FHLB 2YrNc3MoA 06/28/2013 .650 .650 5,000,000.00 5,000,000.00 99.781250 4,989,062.50 -10,937.50 1.978 1.997 313374F70 FHLB 1YrNc3MoA 07/16/2012 .330 .330 10,000,000.00 10,000,000.00 99.875000 9,987,500.00 -12,500.00 1.040 1.047 313374F70 FHLB 1YrNc3MoA 07/16/2012 .330 .330 15,000,000.00 15,000,000.00 99.875000 14,981,250.00 -18,750.00 1.040 1.047 313374F70 FHLB 1YrNc3MoA 07/16/2012 .330 .330 10,000,000.00 10,000,000.00 99.875000 9,987,500.00 -12,500.00 1.040 1.047 313374F70 FHLB 1YrNc3MoA 07/16/2012 .330 .330 20,000,000.00 20,000,000.00 99.875000 19,975,000.00 -25,000.00 1.040 1.047 313374F70 FHLB 1YrNc3MoB 07/16/2012 .330 .330 10,000,000.00 10,000,000.00 99.875000 9,987,500.00 -12,500.00 1.040 1.047 313374D49 FHLB 5YrNc3MoB 06/30/2016 1.500 1.500 10,000,000.00 10,000,000.00 99.062500 9,906,250.00 -93,750.00 4.800 5.005 313374EV8 FHLB 2YrNc1YrB 06/28/2013 .600 .600 5,000,000.00 5,000,000.00 99.750000 4,987,500.00 -12,500.00 1.980 1.997 313374BD1 FHLB 3YrNc1MoB 06/27/2014 1.100 1.100 10,000,000.00 10,000,000.00 99.656250 9,965,625.00 -34,375.00 2.935 2.995 313374FE5 FHLB 1.5YrNc1MoB 12/28/2012 .500 .500 10,000,000.00 10,000,000.00 99.875000 9,987,500.00 -12,500.00 1.487 1.499 .86p,;, ,,',-.76?,;.., '-: ,1,lSt010,000.00 ':t!1$~i~Z"t(3,':1.0!!!I,: 100.:1.99682 1, 154,310t3S~~2~ , «.,639,046.25" 1.685 1,727 FFCB DISC NOTES 313312KH2 FFCB DISC NOTE 08/12/2011 .000 .263 25,000,000.00 24,960,937.50 100.000000 25,000,000.00 39,062.50 .117 .118 313312NE6 FFCB DISC NOTE 10/20/2011 .000 .264 25,000,000.00 24,948,180.56 100.000000 25,000,000.00 51,819.44 .306 .307 313312UR9 FFCB DISC NOTE 03/23/2012 .270 .271 25,000,000.00 24,934,000.00 99.906250 24,976,562.50 42,562.50 .729 .732 313312WG1 FFCB DISC NOTE 05/01/2012 .240 .241 7,000,000.00 6,983,013.33 99.843750 6,989,062.50 6,049.17 .836 .838 .103 ,.2~~ 8.2,000,000.00 81,82;6,131.39 99.•5807,9";,,, ' 81,965,625.00 139,493.61 .421 .414 FFCB BONDS 31331GNQ8 FFCB 04/24/2012 2.250 1.762 5,000,000.00 5,066,900.00 101.562500 5,078,125.00 11,225.00 .804 .819 31331GYP8 FFCB 3Yr 06/18/2012 2.125 2.210 5,000,000.00 4,988,000.00 101.718750 5,085,937.50 97,937.50 .951 .970 31331GYP8 FFCB 3Yr 06/18/2012 2.125 2.210 3,000,000.00 2,992,800.00 101.718750 3,051,562.50 58,762.50 .951 .970 313160AA1 FFCB 08/19/2011 3.875 1.525 8,000,000.00 8,364,880.00 100.468750 8,037,500.00 -327,380.00 .136 .137 31331GN96 FFCB 2Yr 09/01/2011 1.300 1.300 10,000,000.00 10,000,000.00 100.187500 10,018,750.00 18,750.00 .171 .173 31331GV22 FFCB 2Yr 10/03/2011 1.125 1.125 5,000,000.00 5,000,000.00 100.250000 5,012,500.00 12,500.00 .259 .260 31331GYP8 FFCB 3Yr 06/18/2012 2.125 1.374 8,500,000.00 8,637,785.00 101.718750 8,646,093.75 8,308.75 .955 .970 31331JTX1 FFCB 3YrNc1Yr 07/08/2013 1.440 1.440 5,000,000.00 5,000,000.00 100.031250 5,001,562.50 1,562.50 1.973 2.025 31331JW74 FFCB 1.75YrNc3Mo 08/03/2012 .430 .480 15,000,000.00 14,986,950.00 100.000000 15,000,000.00 13,050.00 1.087 1.096 31331JW74 FFCB 1.75YrNc3Mo 08/03/2012 .430 .447 10,000,000.00 9,997,000.00 100.000000 10,000,000.00 3,000.00 1.087 1.096 31331J178 FFCB 2YrNc6Mo 10/26/2012 .490 .515 15,000,000.00 14,992,500.00 100.000000 15,000,000.00 7,500.00 1.315 1.326 31331JS87 FFCB 2.25YrNc3Mo 01/25/2013 .600 .600 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00 1.556 1.575 31331J2B8 FFCB 2.25YrNc3Mo 02/15/2013 .530 .550 10,000,000.00 9,995,500.00 100.000000 10,000,000.00 4,500.00 1.613 1.633 31331JQUO FFCB 3Yr 06/03/2013 1.600 .752 10,000,000.00 10,211,890.00 102.093750 10,209,375.00 -2,515.00 1.894 1.929 31331JY56 FFCB 2Yr 11/02/2012 .400 .540 10,000,000.00 9,972,900.00 100.031250 10,003,125.00 30,225.00 1.332 1.345 31331J4C4 FFCB 3YrNc1Mo 12/06/2013 1.125 1.125 10,000,000.00 10,000,000.00 100.250000 10,025,000.00 25,000.00 2.392 2.438 31331J4C4 FFCB 3YrNc1Mo 12/06/2013 1.125 1.125 5,000,000.00 5,000,000.00 100.250000 5,012,500.00 12,500.00 2.392 2.438 31331J6A6 FFCB 3Yr 12/23/2013 1.300 1.300 5,000,000.00 5,000,000.00 101.375000 5,068,750.00 68,750.00 2.433 2.485 31331J6A6 FFCB 3Yr 12/23/2013 1.300 1.300 5,000,000.00 5,000,000.00 101.375000 5,068,750.00 68,750.00 2.433 2.485 31331J7A5 FFCB 1.5Yr 07/10/2012 .500 .500 10,000,000.00 10,000,000.00 100.156250 10,015,625.00 15,625.00 1.021 1.030 31331J7A5 FFCB 1.5Yr 07/10/2012 .500 .500 9,205,000.00 9,205,000.00 100.156250 9,219,382.81 14,382.81 1.021 1.030 31331J6A6 FFCB 3Yr 12/23/2013 1.300 1.184 5,000,000.00 5,015,550.00 101.375000 5,068,750.00 53,200.00 2.434 2.485 31331KET3 FFCB 2.5Yr 09/23/2013 .980 1.029 10,000,000.00 9,988,000.00 100.781250 10,078,125.00 90,125.00 2.195 2.236 31331KGN4 FFCB 3Yr 04/07/2014 1.400 1.400 10,000,000.00 10,000,000.00 101.468750 10,146,875.00 146,875.00 2.699 2.773 31331KEW6 FFCB 1.5YrNc3MoA 09/24/2012 .440 .604 5,000,000.00 4,988,000.00 100.000000 5,000,000.00 12,000.00 1.226 1.238 31331KHV5 FFCB 5Yr 04/20/2016 .266 .276 10,000,000.00 9,995,000.00 99.875000 9,987,500.00 -7,500.00 4.771 4.811 31331KKZ2 FFCB 1.5YrNc3MoA 11/16/2012 .420 .470 5,000,000.00 4,996,250.00 100.000000 5,000,000.00 3,750.00 1.371 1.384 25 Page 15 31331KKT6 FFCB lYr 05/16/2012 .210 .224 25,000,000.00 24,996,600.00 99.906250 24,976,562.50 -20,037.50 .876 .879 31331KEVB FFCB lYr 06/22/2012 .290 .244 5,000,000.00 5,002,450.00 99.968750 4,998,437.50 -4,012.50 .976 .981 31331KNH9 FFCB lYr 06/13/2012 .240 .240 20,000,000.00 20,000,000.00 99.906250 19,981,250.00 -18,750.00 .951 .956 31331KMV9 FFCB 2.75YrNc3MoA 03/07/2014 1.000 1.004 5,000,000.00 4,999,500.00 99.843750 4,992,187.50 -7,312.50 2.657 2.688 31331KNT3 FFCB 3YrNc6MoA 06/13/2014 1.080 1.080 5,000,000.00 5,000,000.00 99.718750 4,985,937.50 -14,062.50 2.897 2.956 31331KPCB FFCB 2.2Yr OB/20/2012 .250 .250 20,000,000.00 20,000,000.00 99.875000 19,975,000.00 -25,000.00 1.136 1.142 31331KPD6 FFCB 2.5Yr 11/20/2013 .625 .700 5,000,000.00 4,991,100.00 99.843750 4,992,187.50 1,087.50 2.365 2.395 .'2,.\11 58 );~!5? •. :,:: :Z98,7j1S~~Oq;0"'·>. ;Z99,38~i~5~;0(F . 1~.0.~451109 299,737,351.56 352,796.56 1.495 1.516 FMAC DISC NOTES 31315KWW6 FMAC DISC NOTE 05/15/2012 .210 .210 25,000,000.00 24,946,770.83 99.843750 24,960,937.50 14,166.67 .874 .877 31315KXU9 FMAC DISC NOTE 06/06/2012 .210 .210 20,000,000.00 19,957,416.67 99.812500 19,962,500.00 5,083.33 .934 .937 'r!, ;2,1,'0 .210;.' .t· ;'. 45,ji09;ooo.0(l:' ·\44,9l!:4i·l87.~Q 99.1291161 44,923;437.50 19,250.00 .901 .904 FARMER MAC 30769PAAO FARMER MAC GTD 07/15/2011 5.500 2.134 4,602,000.00 4,967,444.82 100.187500 4,610,628.75 -356,816.07 .041 .041 31315PVUO FARMER MAC GTD 05/10/2013 .760 .760 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.843 1.863 31315PVUO FARMER MAC GTD 05/10/2013 .760 .760 5,000,000.00 5,000,000.00 100.093750 5,004,687.50 4,687.50 1.843 1.863 31315PVUO FARMER MAC GTD 05/10/2013 .760 .750 12,500,000.00 12,502,375.00 100.093750 12,511,718.75 9,343.75 1.843 1.863 1.5!i.5'\:3; ,989 .j~7;,10;Z,000.00 <':;':'~~i4~.91819.82 100.109669;' 27,131,722.50 -338,097.32 1.537 1.553 MUNI BONDS 93974CBY5 WASHINGTON ST 07/01/2011 4.000 3.832 5,000,000.00 5,023,300.00 100.466000 5,023,300.00 0.00 .003 .003 93974CBY5 WASHINGTON ST 07/01/2011 4.000 3.832 3,645,000.00 3,661,985.70 100.466000 3,661,985.70 0.00 .003 .003 20775BND4 CT HFA 05/15/2012 2.180 2.180 850,000.00 850,000.00 100.000000 850,000.00 0.00 .860 .877 041042RKO ARKANSAS ST 07/01/2012 1.250 1.240 1,440,000.00 1,440,273.60 100.019000 1,440,273.60 0.00 .987 1.005 93974CWX4 WASHINGTON ST 02/01/2013 1.100 1.100 10,020,000.00 10,020,000.00 100.000000 10,020,000.00 0.00 1.561 1.595 93974CWW6 WASHINGTON ST 02/01/2012 .630 .630 9,960,000.00 9,960,000.00 100.000000 9,960,000.00 0.00 .583 .592 93974CWY2 WASHINGTON ST 02/01/2014 1.480 1.480 5,130,000.00 5,130,000.00 100.000000 5,130,000.00 0.00 2.513 2.595 649791EA4 STATE OF NEW YORK 09/01/2011 .300 .300 24,940,000.00 24,940,000.00 100.000000 24,940,000.00 0.00 .172 .173 649791EB2 STATE OF NEW YORK 09/01/2012 .650 .650 23,040,000.00 23,040,000.00 100.000000 23,040,000.00 0.00 1.161 1.175 677521LG9 OHIO STATE GO 05/01/2013 .740 .740 5,140,000.00 5,140,000.00 100.000000 5,140,000.00 0.00 1.820 1.838 677521LH7 OHIO STATE GO 05/01/2014 1.190 1.190 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 2.779 2.838 .,; l:OO'7-~'--..' .992-:;----91;165;:000;00--9,1,;2'05,559.30.-'1011.044490 91,205,559.30 0.00 .904 .920 COMM PAPER 36959JXU2 GE CAPITAL CORP 10/28/2011 .340 .341 50,000,000.00 49,886,666.67 99.920667 49,960,333.33 73,666.66 .327 .329 36959JWS8 GE CAPITAL CORP 09/26/2011 .270 .270 35,000,000.00 34,952,487.50 99.951667 34,983,083.33 30,595.83 .240 .241 36959JX32 GE CAPITAL CORP 10/03/2011 .270 .270 30,000,000.00 29,957,700.00 99.937333 29,981,200.00 23,500.00 .259 .260 36959JZD GE CAPITAL CORP 12/27/2011 .170 .170 35,000,000.00 34,970,250.00 99.865750 34,953,012.50 -17,237.50 .492 .493 .210 .270 150,000,000.00 149,767,104.17 99·918420 ; 1~9,877,629,16 119,524.99 .332 .333 NCDS 78009J3Z6 ROYAL BANK OF CANADA 09/28/2011 .250 .250 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .246 .247 78009J4AO ROYAL BANK OF CANADA 10/19/2011 .260 .260 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .303 .304 78009J4Q5 10/05/2011 .250 .250 50,000,000.00 100.000000 50,000,000.00 0.00 .265 .266 .253';25.3 .. ..., 15Q;000,OQO\90;icK~".lC)OO()00>; ; 150,000,000.00 0.00 .2.71 .272 __",.-,,....-A ..,..,., ',' " ; ~,::~:~ f*W,f'#~.»-'+~"~'__*'~'~'<"'_h___"""__' "'~''''",)p'''''''''''~'''''-'''''''''''' " '~''''.h'''''~-''",;....'w<'i''J''.\"",~t..::i·' .." .. ,'J":~'.~'... '.".>', . " ,;{. , "''''wo'''''N~-+f!-I~,''''/.j~<~'''·''''''',*_/HA<'' Total Fund .726 ..633 4,932,818,OOO~OO.·· 4,93'1,025,988.18:1,00;192876 4,942,332,241.04 5,306,2S~;1!.6. ., 1.281 1.307 1. The market value and yield of short-term money market securities are based on purchase price. 2. Average life is the number of years unlil principal IS returned at maturity, weighted by market value. 3. Local Agency Obligations have variable rale coupons, spread 10 Pool. 4. Modified Duralion. The percentage price change of a securiy for a given change in yield. The higher the modified duralion of a security. the higher the risk. 26 Page 16 FULL %•....,'I:op1i .. The Treasurer's Pooled Invest ment Fund ~as in FUll COMPLIANCE with the Treasurer's Statement of Investment Policy. The County's Investment Policy is more restrictive than the California Government Code. This policy is reviewed annually by the County's Investment Oversight Committee and approved by the County Board of Supervisors. Investment Category MUNICIPAL BONDS (MUNI) U.S. TREASURIES LOCAL AGENCY OBLIGATIONS (LAO) FEDERAL AGENCIES COMMERCIAL PAPER (CP) CERTIFICATE & TIME 5 YEARS NO LIMIT 5 YEARS NO LIMIT 5 YEARS NO LIMIT 5 YEARS NO LIMIT 270 DAYS 40% 5 YEARS 30% NA NA NA AAA A1/P1 NA NA NA A NA AAA/Aaa(2) NA 3 YEARS 5 YEARS 3 YEARS 5 YEARS 270 DAYS 1 YEAR II 45 DAYS 60 DAYS II 3 YEARS DAILY LIQUIDITY DAilY LIQUIDITY NA 15% 100% 2.5% 100% 40% 25% Combined 40% max, 25% in termrepo over 7days 10% to% 1.0% 20% NA AA-/Aa3/AA NA INVESTMENT GRADE NA A1/P1/F1 A1/P1/F1 A1/P1/F1 NA AA/Aa2/AA NA AAA by 2 Of 3 RATINGSAGC. NA 1.85% 13.08% 0.01% 75.46% 3.04% 3.04% I I 0.00% II 0.00% 0.00% I I 1.09% I I 1.01% I I 1.42% DEPOSITS (NCD & TeD) REPURCHASE AGREEMENTS II 1 YEARS NO LIMIT (REPO) REVERSE REPOS 92 DAYS 20% MEDIUM TERM NOTES 5 YEARS 30%II (MTNO) CALTRUST SHORT TERM FUND MONEY MARKET MUTUAL FUNDS (MMF) CASH/DEPOSIT ACCOUNT NA NA 90 DAYS (1) 20% NA NA 1 Mutual Funds maturity may be interpreted as weighted average maturity not exceeding 90 days. 2 Or must have an investment advisor with not less than 5 years experience and with assets under management of $500,000,000. Page 17 27 AGENDA ITEM 7C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Matt Wallace, Procurement and Assets Administrator THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Single Signature Authority Report STAFF RECOMMENDA TION: This item is for the Committee to: 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2011, and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: The attached report details all professional services and administrative contracts that have been executed for the fourth quarter ended June 30, 2011, under the Single Signature Authority granted to the Executive Director by the Commission. The unused capacity at June 30, 2011 is $4,540. Attachment: Single Signature Authority Report as of June 30, 2011. Agenda Item 7C 28 N c.o CONSULTANT AMOUNT AVAILABLE July 1, 2010 AT&T TransTrack Systems, Inc. A-M-M-A SC Engineering Caltrans California Department of Toxic Substances Elrod Fence Company Global Pest Solutions Revel Environmental Manufacturing Beacon Economics SC Engineering US Army Of Engineers BLX Group Pechanga Band of Luiseno Mission Indians Pechanga Band of Luiseno Mission Indians Craig Melicher, PE Western Area Security Services AMOUNT USED AMOUNT USED AMOUNT REMAINING through June 30, 2011 Matt Wallace Prepared by SINGLE SIGNATURE AUTHORITY AS OF JUNE 30, 2011 DESCRIPTION OF SERVICES 511 Traffic & Transportation Related Services End-User Software License, Training and Transit Planning Services SR-74 Design and Survey Services SR-91 Prado Overhead -Fault Mapping! Liston Brick Property -Environmental Services Fencing Services Pest Control Services Waste Disposal Services Economic Benefit Analysis Services 1-15 at Railroad Canyon Road -PAlED Services Alternatives Analysis for the Mid County Parkway Project Arbitrage Rebate Services Cultural Resources Treatment and Tribal Monitoring Cultural Resources Treatment and Tribal MOnitoring Errors and Om-issipn& Review Services Security Guard Services Theresia Trevino Reviewed by ORIGINAL CONTRACT AMOUNT $500,000.00 49,000.00 50,000.00 25,000.00 46,793.00 12,000.00 28,630.00 1,037.00 15,000.00 25,000.00 25,000.00 18,000.00 15,000.00 40,000.00 25,000.00 50,000.00 50,000.00 20,OQO.00 495,460:00 495,460.00 $4,540.00 PAID AMOUNT 26,488.55 32,000.00 18,646.67 41,000.00 12,000.00 0.00 1,037.00 1,566.00 1,091.00 0.00 18,000.00 0.00 0,00 0.00 0.00 3,485.00 0.00 REMAINING CONTRACT AMOUNT 22,511.45 18,000.00 6,353.33 5,793.00 0.00 28,630.00 0.00 13,434.00 23,909.00 25,000.00 0.00 15,000.00 40,000.00 25,000.00 50,000.00 46,515.00 20,000.00 Nole: Shaded area represents new contracts listed in the fourth quarter. AGENDA ITEM 7D RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: John Standiford, Deputy Executive Director SUBJECT: Quarterly Sales Tax Analysis STAFF RECOMMENDA TION: This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 1 (Q1) 2011; and 2) Forward to the Commission for final action. BACKGROUND INFORMA TION: At its December 2007 meeting, the Commission awarded an agreement to MuniServices, LLC (MuniServices) for quarterly sales tax reporting services plus additional fees contingent on additional sales tax revenue generated from the transactions and use tax (sales tax) audit services. The services performed under this agreement pertain to only the Measure A sales tax revenues. Since the commencement of these services, MuniServices submitted an audit update, which reported findings that have been generated and submitted to the State Board of Equalization (SBOE) for review and determination of errors in sales tax reporting related to 175 businesses. Through Q4 2010 for October through December 2010, the SBOE has approved corrections for 108 of these accounts for a total sales tax revenue recovery of $1,707,203. An update to the sales tax revenue recovery through Q1 2011 may be made subsequent to the Committee meeting and prior to the September Commission meeting. If the SBOE concurs with the error(s) for the remaining claims, the Commission would receive additional revenues; however, the magnitude of the value of the remaining findings was not available. It is important to note that while the recoveries of additional revenues will be tangible, it will not be sufficient to alter the overall trend of sales tax revenues. Additionally, MuniServices provided the Commission with the quarterly sales tax summary report for the first quarter of calendar 2011 for January through March 2011 (Q1 2011). Most of the Q1 2011 Measure A sales tax revenues was received by the Commission in the second quarter of calendar 2011, during April Agenda Item 70 30 through June 2011, due to a lag in the sales tax calendar. The summary section of the 01 2011 report is attached and includes an overview of California sales tax receipts, local results, historical cash collections analysis, summary of the top 25 sales tax contributors, historical sales tax amounts, sales tax by business category, economic trends for a significant business category, and results. The following observations were noted in the 01 2011 report: • Sales tax receipts for Riverside County were 9.6 percent higher compared to the 01 2010, and slightly higher than the state. This supports the previous quarterly reports' analyses that an economic recovery statewide and locally is underway. • Taxable transactions for the top 25 tax contributors in Riverside County, which generated 23 percent of the taxable sales for the year ended 01 2011, increased 5.1 percent compared to the year ended 01 2010. For the top 100 tax contributors, which generated 37 percent of the taxable sales, the growth was 7.7 percent. • Over the last two-year period, the 01 2011 sales tax levels were at the low point for one of the top 10 economic segments (building materials-retail). A few segments (service stations and apparel stores) sales reached a new high point during 01 2011. • Department stores, service stations, and restaurants continue to represent the three largest economic segments for Riverside County. 13.110.7 13712.7 14.0101 Service Stations Department Stores Department Stores Restaurants Service Stations Department Stores 12.0116.9 1121..fJ.3 10.110.7 10.8110 112116.1 1O.81..fJ.3 Restaurants Service Stations Service Stations Service Stations Restaurants Service Stations Restaurants Department Stores 10.611.9 9.8/10.6 8A /11.6 10.1112.5 10.0/02 9.8/96 10.8/~.5 10.010A 9.0/-2.4 20.0123 11.8167 10.5/·4.7 • For the first time in several quarterly reports, all economic categories experienced increases in the 01 2011 benchmark year comparison to 01 2010. Transportation had the largest increase at 15.4 percent, which was primarily related to the service station segment increase. General retail had the next highest increase at 4.6 percent. These two categories represent 56.4 percent of total taxable sales. The remaining four economic categories had increases ranging from 0.5 percent to 2.0 percent. Agenda Item 70 31 19.210.0 19.811.7 17411.6 17.110.2 1971-01 19.3101 30412.1 8.5/·1.0 8.1104 10.21-0.9 10410.4 801·05 9.91·7.9 11.9/·9.1 111.8 22.917.6 19.919.0 25.417.5 24.31111 23.216.8 26.514.6 28.5111.6 20.0114.3 21017.6 14.3/2.6 14.0113.6 17.714.5 15,61·16 9.3110.3 5.9/·3.2 During the review of the 01 2011 detailed report with MuniServices, information regarding sales tax comparisons by city and change by economic category from 01 2010 to 01 2011 was provided, and is attached. Staff continues to monitor monthly sales tax receipts and other available economic data to determine the need for any adjustment to the revenue projections. Staff will utilize the forecast scenarios included with the complete report and recent trends in assessing such projections. Attachments: 1) Sales Tax Analysis for 01 2011 2) Sales Tax Comparison by City for 01 2010 to 01 2011 Agenda Item 7D 32 ATTACHMENT 1 Riverside County Transportation Commission Sales Tax Digest Summary Collections through June 2011 Sales through March 2011 (2011Ql) CALIFORNIA'S START TO A NEW YEAR Ca lifornia' s local governments have generally seen increases in sales tax during the first half of 2011. On a cash basis, statewide sales tax receipts during ApriHune 2011 grew by 7.6% from the same three months in 2010. Northern California grew by 8.6% and Southern California grew by 6.9%. As for RaC. its sales ta)( receipts changed by 9.6% from April-June 2010 to April-June 2011. CALIFORNIA'S FUTURE General Retail, Restaurants and Service Station continue to lead economic growth. High fuel prices have boosted local revenues through the first half of 2011, compensating for slower growth in other economic sectors. Housing and employment continues to dampen recovery across the state. In order to fully establish an economic rebound, California needs Job growth both locally and regionally to increase spending as well as business travel. Housing prices must stabilize and begin growing in order to restore some levels of equity and wealth effect, which should bolster consumer confidence and spending once agarn. LOCAL RESULTS Net Cash Receipts Analysis Local Collections $31,000,097 Share of County Pool 0.0% o Share of State Pool 0.0% o SBE Net Collections 31,000,097 Less: Amount Due County 0.0% .00 Less: Cost of Administration (281,780) Net 102011 Receipts 30,718,317 Net 102010 Receipts 28,027,761 Actual Percentage Change 9.6% Business Activity Performance Analysis Local Collections $31,000,097 Less: Payments for Prior Periods (1,331,356) Preliminary 1Q2011 Collections 29,662,741 Projected lQ2011late Payments 1,179,165 Projected lQ2011 Final Resu~ts 30,841,906 ActuallQ2010 Results 28,286-498 Projected Percentage Change 9,0% www.MuniServices.com Pagel Riverside County Transportation Commission HISTORICAL CASH COLLECTIONS ANALYSIS BY QUARTER (in thou.aod, or $) $33,000 $456 $32,060 $406 $31,060 $350 $30,060 S306 '" ., $29,660 $250 .. _ $2S,600 5260 ! .., Z $17.000 $150 -< 526,000 Sl66 S 2 5,060 SSO S2ot,Ollll sO 4Q166S IQ2009 2Q1009 3Q1009 4QlO69 IQ16JO lQ1016 JQ1616 4Q1016 IQ101i TOP 25 SALES/USE TAX CONTRIBUTORS The following list identifies RCTe's Top 25 Sales/Use Tax contributors. The list is in alphabetical order and represents sales from April 2010 through March 2011. The Top 25 Sales/Use Tax contributors generate 23.5% of ReTe's total sales and use tax revenue. BEST BUY STORES RALPH'S GROCERY COMPANY CARMAX THE AUTO SUPERSTORE RITE AID DRUG STORES CHEVRON SERVICE STATIONS ROSS STORES CIRCLE K fOOD STORES SAM'S CLUB COSTCO WHOLESALE SEARS ROEBUCK & COMPANY DEPT OF MOTOR VEHICLES SHELL SERVICE STATIONS HOME DEPOT STATER BROS MARKETS J C PENNEY COMPANY TARGET STORES K MART STORES VERIZON WIRElESS KOHL'S DEPARTMENT STORES W.W. GRAINGER LOWE'S HOME IMPROVEMENT WAL MART STORES MACY'S DEPARTMENT STORE WALGREEN'S DRUG STORES MOBIL SERVICE STATIONS "''Ww. MuniServices, com (800) 800-8181 Page 2 34 Riverside Transportation HI5Tmm:AL SALES TAX AMOUNTS The followfng chart shows the sale.stax level from sales through March 2011, the highs, and the lows for each segment over the last two years. (In th.oUlillllds or $) II1II H1IO 1 1 S 16.0011 S 14.0011 S 12.1100 S II},OOO S8.000 S6.000 54.000 $2,1)1)(1 so 'i' ...' ,It ot-"" ,Ii' ..".. ," ,;. ~~ .,0 .... ..'~ "7. .", ~ ~" b~,,; ,~ ~,~+,'II <l~ ~ "if!.' .V' ...~ ft.. ~'4' .. .' ~. .,:.* .'(' ~~ .' ~..~ ,'1> Sl>" <t't ,,'Ito~ " ii." 'Ito' '",'I:-~ .(.Co ,t> ~ ,t..... ~ ~ "if!.' I Q 1011 ~ Q l Bill .I Q 1 0 III 2 Q Z 0 ) \) t Q 2010 JQZOO9 JQ2009 2Q1009 lQ2069 4Q2068 $11 35 Riverside County Transportation Commission FIVE-YEAR ECONOMIC TREND: Construction (in 'lIo'.... "d. ofS) FINAL RESUl T5: October-December 2010 Sales local Net Cash Collections less: Pool Amounts less: Prior Quarter Payments Add: Late Payments Local Net Economic Collections after Adjustments Percent Change from October-December 2009 Sales MUNISERVICES' ON-GOING AUDIT RESULTS This Quarter $134,077 Total to Date $1,228,130 $3~t194,968 {$-347,300) ($1,717.664) $978,991 $31,803,595 UP BY 6.6% www.MuniServices.com (800) 800-8181 Page 4 36 ---------------- --------------------- ---------------- ---------------------- 354,999 0.5% Service Stations 698,561 8.3% Service Statiohs 339,257 2,5% Auto Sales -New 108,714 18,8% Service Stations Temecula 5.3% 25.1% 3.8% ---------------------- Wildomar 9.4% L8% -16,5% 5. MuniServices, LLC 37 AGENDA ITEM 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Andrea Zureick, Senior Staff Analyst Shirley Medina, Programming and Planning Manager THROUGH: Cathy Bechtel, Project Development Director SUBJECT: City of Cathedral City Fiscal Years 2012-16 Measure A Five-Year Capital Improvement Plan for Local Streets and Roads STAFF RECOMMENDA TION: This item is for the Committee to: 1) Approve the city of Cathedral City's FYs 2012-16 Measure A Five-Year Capital Improvement Plan (CIP) for Local Streets and Roads as submitted; and 2) Forward to the Commission for final action. BACKGROUND INFORMA TlON: Measure A imposes several requirements on local agencies in order to receive local streets and roads funds. First, the Coachella Valley and Western County cities and the county must be participating in either the Coachella Valley Association of Governments (CVAG) or Western Riverside Council of Governments (WRCOG) Transportation Uniform Mitigation Fee (TUIVIF) program. Western County agencies must also participate in the Western Riverside County Multiple Species Habitat Conservation Plan managed by the Western Riverside County Regional Conservation Authority (RCA). The cities of Beaumont and La Quinta are not TUMF participants, and Commission staff is in the process of obtaining confirmation from CVAG, WRCOG, and RCA regarding the current participation in their programs. Additionally, agencies are required to annually provide to the Commission a CIP detailing how those funds are to be expended and an annual certification of maintenance of effort (MOE) along with documentation supporting the calculation. On February 28, 2011, Commission staff provided the local agencies with Measure A revenue projections for local streets and roads to assist in preparation of the required CIP. The Commission approved the CIPs for all of the local agencies except the county of Riverside and the city of Cathedral City at its July meeting. The required CIP and supporting documentation has now been received from the Agenda Item 8 38 city of Cathedral City and is attached. The FY 2011/12 Measure A Local Streets and Roads disbursements to local agencies with Commission approved CIPs are expected to begin in September 2011. Attachment: City of Cathedral City FYs 2012-16 Measure A Five-Year CIP Agenda Item 8 39 Agency: Page: Prepared by: Telephone No.: Date Prepared: RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE "A 'J LOCAL FUNDS PROGRAM FY 2011-2012 City of Cathedral City 68-700 Avenida Lalo Guerrero, cathedral City, CA 92234 1 of 1 Sheila McGrath-Hibdon, Engineering Flnandal Analyst (760) 770-0319 July11,2011 Item No, Project Name I limits Capital Projects Proiect TYpe Total Cost ($OOO's) Measure A ($POO'~) 1 2 Public Works Department Capital Improvement Projects (on-going and proposed projects) City wide maintenance operations including parklng l median maintenance and street light energy; Transportation and trafftc related planning and development activities as well as highway design and related engineering activities; t-1alntenance of traffic signal system. Various Traffic I Transportation related projects. $ $ 21150,1 24,778.4 $ 1,075,1 $ 1,541.4 $ 26,928.5 $ 2,616.5 40 Agency: Page: Prepared by: Telephone No.: Date Prepared: RIVERSIDE COUNTY TRANSPORTA TlON COMMISSION MEASURE HA" LOCAL FUNDS PROGRAM FY 2012·2013 City of cathedral City 68-700 Avenida Lalo Guerrero, cathedral City, CA 92234 1 of 1 Sheila McGrath-Hibdon, Engineering Flnandal Analyst (760) 770-0319 Ju11l11, 2011 Item No. Project Name I limits Capital Projects Profect Type Total Cost ($OOO's) Measure A ($000'5) 1 S Public Works Department &. Parks Maintenance capital Improvement Projects (on-going and proposed projects) CIty wIde maintenance operations loouding parking, median maintenance and street light energy; Transportation and traffic related planning and development activities as well as highway design and related engineerlng activities; Maintenance or traffIC signal system. Various Traffic I transportation related projects. $ $ 2,214.7 18,302.7 $ $ 1,107.4 531.1 $ 20,517.4 $ 1,638.5 41 Agency: Page: Prepared by: Telephone No.: Date Prepared: RIVERSIDE COUNTY TRANSPORTA nON COMMISSION MEASURE IIA" LOCAL FUNDS PROGRAM FY 2013-2014 City of Cattledral City 68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234 1 of 1 Sheila McGrath-Hibdon, Engineering Finandal Analyst (760) 770-0319 July 11,2011 Item No. Project Name I Limits capital Projects Project Type Total Cost (1()OO'S) Measure A ($000'5) 1 S Public Works Department &. Parks Maintenance Capital Improvement Projects (on-going and proposed projects) City wide maintenance operations induding parking, median maintenance and street light energYi Transportation and traffic related planning and development activities as well as highway design and related engineering activities; f'1aintenance of traffic 51gnal system. Various Traffic / transportation related projects. $ $ 2,281.1 140/441.9 $ 1,140.6 $ 711.7 $ 142.723.0 $ 1,858.3 42 Agency: Page: Prepared by: Telephone No.: Date Prepared: RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE HA 11 LOCAL FUNDS PROGRAM FY 2014-2015 City of cathedral City 68-700 Avenida laro Guerrero, Cathedral City, CA 92234 1 of 1 Sheila McGrath-Hibdon, Engineering Financial Analyst (760) 770-0319 July 11.2011 Item No. Project Name I Limits Capital Pro1ects Project Type Total Cost {$OOO's} Measure A ($OOO's) 1 5 Public Works Department & Parks Maintenance Capital Improvement Projects (on-going and proposed projects) aty wide maintenance operations including parking, median maintenance and street light energy; Transportation and traffic related planning and development activities as well as highway design and related engineering activities; Maintenance of traffic signal system. Various Traffic I transportation related projects. $ $ 2,349.5 27/090.3 $ $ 1/174.8 467.1 $ 29,439.8 $ 1,641.9 43 Agency: Page: Prepared by: Telephone No.: Date Prepared: RIVERSIDE COUNTY TRANSPORTA TION COMMISSION MEASURE "A" LOCAL FUNDS PROGRAM FY 2015-2016 City of cathedral Oty 68-700 Avenida Lalo Guerrerol C3thedral City, CA 92234 1 of 1 Sheila McGrath-Hibdon, Engineering Financial Analyst (760) 770-0319 July 11,2011 Item No. Project Name I Limits Capital Proiects Project TYpe Total Cost ($000'5) Measure A ($OOO'S) 1 5 Public Works Department &. Parks Maintenance Capital Improvement Projects {on-going and proposed projects} City wide maintenance operations induding parking, median maintenance and street light energy; Transportation and traffic related planning and development activities as well as highway design and related engineering activities; Maintenance of traffic signal system. Various Traffic j transportation related projects. $ $ 2,420.0 9,915.9 $ $ 1,210.0 435.0 $ 12,335.9 $ 1,645.0 44 CITY OF CATHEDRAL CITY MEASURE "A" LOCAL FUNDS PROGRAM FY2010-2011 PROJECT STATUS REPORT JULY 11,2011 The following projects, programs and operations were listed in prior Five-Year Plans and Project Status Reports. have been added as new projects, have been cancelled or amended. All Operations and Capital Projects utilize a combination of Measure A and other funding sources. The following figures are un-audited and reflect expenditure~ through May 31,2011. OPERATIONS: 156-8301 Traffic Signal Maintenance Annual Contract: The City has a contract with Honeywell to perform signal maintenance of its 46 traffic signals. Measure A Expended to Data: $ 141,457 161-xxxx City Public Works Department operations, including parkway and median maintenance and street lighting charges. Measure A Expended to Date: $ 629,288 CAPITAL IMPROVEMENT PROJECTS: ONGOING PROJECTS NOTE: Measure A FY 2011 funding overages, by project, are retumed to fund for re-allocation as needed dUring FY 2012· forward. CIPNo. 1000 City-wide Restriping: Established as a Public Works activity for the Re-Striping of City streets and is now complete. Total Project Budget: $ (150,000) Measure A Allocation: S (141.000) Measure A Expended To Date; $ 83,602 Measure A to Carry Forward to FY 2012 $ 1003 Ramon Road Widening East of Date Palm: To widen and rehabilitate Ramon Road, east of Date Palm to the east City timits, The project has experienced environmental and right-of-way delays aoo is now anticipated to be complete June 2012, Total Project Budget: $ Measure A Allocation: $ Measure A Expended To Date: $ Measure A to Carry Forward to FY 2012 $ (2,998,019) (l,140,OOO) 277,909 (862,091) 1005 Date Palm /1·10 Interchange: This project IS necessary to reconstruct the existing Date Palm Drivell-10 interchange to improve traffic capaCity. Construction is expected to be complete during FY 2012l2013. Total Project Budget,· $ (31,721.000) Measure A Allocation: $ (630,850) Measure A Expended To Date: $ 25,025 Measure A to Carry Forward to FY 2012 $ (363,495) 1010 DaVall/l-10 Interchange: Construct new regional arterial improvement including: the widening of Da Vall Rd. from 2 to 6 lanes between Dinah Shore and Ramon Rd., widening from 2 10 6 lanes from Ramon Rd to McCallum Way, widening from 2 to 6 lanes from McCallum Way to Ave. 30, construct new 6·lane road Ave. 30 to 1-10, and construct new 6-1ane road 1-10 to Varner Rd. This project is part of CVAG's Transportation Project Prioritization Study and is expected to begin construction during FY 2020. The PID/PSR stage of this project is currently on hold until further notice from CVAG and/or Caitrans District 8. Total Project Budget: $ Measure A Allocation: $ (134,220,942) (440,OOO) Pg.1of5 Updal.ed 07111/2011 Calhedral City PSR FY2010-2011 45 CITY OF CATHEDRAL CITY MEASURE "A"lOCAl FUNDS PROGRAM FY2010-2011 PROJECT STATUS REPORT JULY11,2011 Moasure A Expended To Date: $ 58,674 Measure A to Carry Forward to FY 2012: $ 1011 Dream Homes Area ADA: To construct barrier free access to AgU(3 Caliente School and approximately 30-35 ADA compliant handicap ramps to provide safer pedestrian circulation in a low-mod residential area of Cathedral City known as the 'Dream Homes,' Construction slated to be complete FY 2011/2012, Additional and/or alternative funding mechanism(s) have been secured; balance of Measure allocation to return to fund. Total Proposed Project Budget: $ (344,290) Total Allocated Measure A: $ (50,000) Measure A Expended To Date: $ Measure A to Carry Forward to FY 2012 $ 1012 Date Palm Lighted Crosswalks: To install in-pavement lighted crosswalks at seven (7) locations along Date Palm Dr. between Converse and 30th Ave. at cross streets; Date Palm Dr. at David Kelly, 30th Ave" Victoria Dr. and Converse; Converse at Felicity PI., and San Eljay at McCallum and 30th Ave. by FY 201112012. Additional andlor alternative funding mechanism(s} have been secured; balance of Measure allocatIon to return to fund, Total Proposed Project Budget: $ (484,233) Total Allocated Measure A: $ (45,960) Measure A Expended To Date: $ 3,668 Measure A to Carry Forward to FY 2012 $ 1013 Landau Blvd. 11-10 Interchange: Phase 1 is to prepare the Project Initiation Document and other preliminary studies and documents necessary to construct a new 6-lane mi)(ed flow, partial cloverleaf interchange with auxiliary lanes and 4-two lane ramps, plus a 6·I(3ne grade separation bridge over the UPRR tracks, including the widening of landau Blvd. between Vista Chino and Varner Road, Work on thiS project has been placed on hold and suspended until FY 201412015. Total Proposed Project Budget: $ (184,808,400) Total Allocated Measure A: $ (40,000) Measure A Expended To Date: $ 17,266 Measure A to Carry forward to FY 2012 S 1014 Varner Road and Date Palm Drive Shoulder Stabilization: This project was to provide PM10 soil stabilization to reduce blow sand track-out onto City streets. The City has now opted not to proceed with project due to environmental finding that proposed material is toxic to environment Balance of Measure A allocation 10 return to fund. Total Proposed Proje<;t Budget: $ (158.328) Total Allocated Measure A: $ (37,680) Measure A Expended To Date: $ 37,318 Measure A to Carry Forward to FY 2012 $ 1016 Edom Hill Truck Climbing Lane: To construct a climbing lane from Varner Rd, northeny for 4,700 linear feet as required by an agreement with Riverside Integrated Waste Management Bureau (IWMB). The design phase is anticipated to be completed during FY 201112012, with construction complete FY 2012/2013, Total Proposed Project Budget: $ (1,000.000) Total Allocated Measure A: $ (114,700} Measure A Expended To Date: $ 2,142 Measure A to Carry FOlWard to FY 2012$ (45,023) 2012 Cove Assessment District: This project was for sanitary sewer, street and other improvements in the Cove Area of Cathedral City. Final acceptance of the project by City Council occurred May 25, 2011 via Minute Order 4866. Balance of Measure A allocation to return to fund. Total Project Budget: $ (42,912,064) Pg.2 of 5 Updated 0711112011 Cathedral City PSR FY2010-2011 46 CITY OF CATHEDRAL CITY MEASURE "A" LOCAL FUNDS PROGRAM FY2010·2011 PROJECT STATUS REPORT JULY 11, 2011 Measure A Allocation: $ (5,000) Measure A Expended To Date: S 4,467 Measure A to Carry Forward to FY 2012 S 2500 Ramon Road at Whitewater River Bnage Widening: The project IS necessary to eliminate lane restriction for capacity and safety, as well as a land deficiency, and to improve the structure efficiency rating of the Ramon Road Bndge at the Whitewater River; located on Ramon Road between San LuiS Rey and Landau Blvd. Palm Springs is the lead agency of this $33.2M project; Cathedral City will share approximately 2% at the total costs. Construction is scheduled to begin in FY 2014/2015. Total Proposed Project Budget: $ (476.320) Total Allocated Measure A: $ (238,160) Measure A Expended To Date: $ 20,219 Measure A to Carry Forward to FY 2012 $ (10.897) 2512 Cathedral Canyon I Terrace Road: The constructed improvements consist of a sidewalk on the east side of Cathedral Canyon Dr. from E. Palm Canyon Dr. to Terrace Rd .• a sidewalk on the north side of Terrace Rd. from Chuperosa In. to Paradise Way, and a Class II bikeway on Cathedral Canyon Dr. (both east and west sides) from E. Palm Canyon Dr. to Terrace Rd and will be complete July 2011 Any remaining Measure A allocation will return to fund. Totsl Project Budget: $ (525,000) Measure A AUocation: $ (75,840) Measure A Expended To Date: $ 55,113 Measure A to Carry Forward to FY 2012 $ (20,727) 2513 Whitewater Neighborhood Sidewalk Improvements; For infill Sidewalks necessary to tum existing dirt, grass and native pathways within the Whitewater neighborhood between Dinah Shore Drive and Ramon Road into ADA compliant concrete sidewalks, driveway approaches and curb ramps. Project to be complete FY 2012. Total Project Budget: $ (198,850) Measure A Allocation: $ (45,425) Measure A Expended To Date: $ 9.317 Measure A to Carry Forward to FY 2012 $ (36,108) 3522 Clean Streets Management To provide for the on-going reduction of entrained road dust emissions as part of the CIty's arterial and auxiliary street maintenance and as part of the City's systematic approach in maintaining compliance with PM-1 0 standards. Continuance ot this project will be funded by non-Measure A monies. Total Project Budget: $ (419,OB7) Measure A Allocation: $ (95,605) Measure A Expended To Date: $ 95,605 Measure A to Carry Forward to FY 2012 $ 6506 Date Palm Signal Synchronization: For the installation of signal synchronIzation equipment at 10 intersections on Date Palm DL from Ramon Rd. to E. Palm Cyn. Dr., utilizing the already installed hard-wire interconnect along the Date Palm Dr. corridor, and the installation of Signal synchronization equipment on Date Palm Dr, from Ramon Rd. to Varner Rd. Project to be completed FY 20111201.2. Remaining project activities will be funded by non-Measure a monies. Total Project Budget: $ (509,550) Measure A Allocation: $ {10.2(2) Measure A Expended To Date: $ 10.262 Measure A to Carry Forward to FY 2012 $ 8645 Drainage Basins On-going activities to acquire and construct retention/detention basins to prevent street flooding. Project activities postponed until FY 2014/2015. Po.:) of:; Updated 01111 f2011 C3thedrat City PSR FY2IJ10-2011 47 CITY OF CATHEDRAL CITY MEASURE "An LOCAL FUNDS PROGRAM FY2010-2011 PRO..IECT STATUS REPORT JULY 11, 2011 Totat Project Budget: $ (81,350) Measure A Allocation: $ (25,000) Measure A Expended To Date: $ 1,038 Measure A to Carry Forward to FY 2012 $ 8670 Date Palm Dr. Bridge: For the replacement/widening of a two lane low water crossing bridge (Bridge No. 00L0043) on Date Palm Or. over Long Canyon Creek with a six lane bridge and pavement for approximately 350' (from Varner Rd. to 350' south of Varner Rd.). Environmental clearances are anticipated by Dec. 2013. bid advertising Mar. 2016 and construction completed Dec: 2017. Total Project Budget: $ (10,914,300) Measure A Allocation: $ (751,800) Measure A Expended To Date: $ 26,862 Measure A to Carry Forward to FY 2012 $ (108,741) 8691 E. Palm Canyon Bridge Widening at the West Cathedral Canyon Channel: Designed and constructed a widened bridge structure and approach lane to accommodate six lanes and sidewalks on the bridge, This project is now complete and was accepted by City Council on May 11,2011 via Minute Order 4861. Balance of Measure A allocation to return to fund, Total Project Budget: $ (4,276,000) Measure A Allocation: $ (250,000) Measure A Expended To Date: $ 184,970 Measure A to Carry Forward to FY 2012 $ 8695 Landscaping Date Palm: For the on-going maintenance of Date Palm Dr. median landscaping Total Project Budget: $ (50,000) Measure A Allocation: $ (25,000) Measure A Expended To Date: $ 8,827 Measure A to Carry j=orward to FY 2012 $ (16,173) 8835 Ramon Road Median Islands: On-going project to construct and landscape median islands at various locations in Ramon Road. Total Project Budget: $ (17,000) Measure A Allocation: $ (17,000) Measure A Expended To Date: $ 933 Measure A to Carry Forward to FY 2012 $ (16,067) 8907 Varner I Date Palm Chip Seal: This maintenance project was necessary to improve safety and rideability of Varner Road and Date Palm Drive. The project is not cost effective and the chip seal product raised environmental concerns. Subsequently, the City has rescinded the CIWMB grant and will pursue alternative roadway options. Balance of Measure A allocation to return to fund. Total Proposed Project Budget: $ (500,000) Tolal Allocated Measure A: $ (100,000) Measure A Expended To Date: $ 35,700 Measure A to Carry Forward to FY 2012 $ 8915 Date Palm I Varner Road Blow Sand Abatement Wind fences: Installed Wind fences on Date Palm Or. from 1-10 to Varner Rd, and along Varner Rd. from Date Palm Dr. northerly to the west City limits. This project is now complete and was accepted by City Council on May 11,2011 via Minute Order 4861. Balance of Measure A allocation to return to fund. Total Project Budget: $ (152,680) Measure A Allocation; $ (37,680) Measure A Expended To Date: $ 23,580 PrJ.4of5 Updated 0711112011 Cathedral City PSR FY2010·2011 48 CITY OF CATHEDRAL CITY MEASURE "Ato LOCAL FUNDS PROGRAM FY2010·2011 PROJECT STATUS REPORT JULY 11, 2011 Measure A to Carry Forward to FY 2012 $ 8919 Cathedral Canyon Bridge Whitewater low Flow Crossing: To conslruct a new 4·lane bridge on Cathedral Canyon Dr. at the Whitewater River Channel to eliminate a low flow crossing, Construction is estimated to be complete during FY 2015/2016, Total Project Budget: $ Measure A Allocation: $ Measure A Expended To Date: $ Measure A to Carry Forward to FY 2012 $ (22,038.000) (631,940) 99,953 (53,199) 8921 Cove Drainage: Construct storm drains in the upper and lower portions ofihe Cathedral City Cove area necessary to protect the Downtown core from a 1 ~O-year flood hazard, The project has 12 systems and was accomplished in two phases, The project is complete and pending final acceptance by the Cf!y Council. Balance of Measure A allocation to return to fund_ Total Project Budget: Measure A Allocation: Measure A Expendljd To Date: Measure A to CarlY Forward to FY 2012 $ $ $ $ (8,250,525} (aO,OOO) 46,896 S946 ADA Compliance; For the on-going construction of access ramps and other disabled access improvements on public streets and sidewalks. This project is currently on hOld and has been postponed until FY 201312014. Total Project Budget: $ (115,600) Measure A Allocation: $ (1 '15,600) Measure A Expended To Date: $ 4,702 Measure A to earlY Forward to FY 2012 $ 8947 Eagle Canyon Dam and Clean Up: For the site of a proposed flood control dam to be built by Riverside County Flood Control DistriCt, intended to prevent Hash flooding along E. Palm Canyon Dr, from the large upstream watershed, Completion of this project is anticipated during FY 2014. Remaining project activities will be funded by non-Measure A monies, Total Project Budget: $ Measure A Allocation: S Measure A Expended To Date: $ Measure A to Carry Forward to FY 2012 $ (3,375.000) (45,000) 43,845 8988 Ramon Road West Corridor: Project is for the planning, design & construction to rehabilitate and beautify the Ramon Rd corridor, improving traffic circulation and urban aesthetics betw~n l<mdau and Oate Palm, promoting the retention and expansion of businesses, increase traffic flow and reduce congestion. Construction is expected to complete FY 2011/2012. Total Project Budget: $ Measure A Allocation: $ Measure A Expended To Date: $ Measure A to Carry Forward 10 FY 2012 $ (3,551,135) (109,850) 101,011 (8,839) Pg. 5015 Updated 0711112011 Cathedral Cily PSR FY2010-2011 49 AGENDA ITEM 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Shirley Medina, Programming and Planning Manager Theresia Trevino, Chief Financial Officer THROUGH: Cathy Bechtel, Project Development Director SUBJECT: 2009 Measure A Program Maintenance of Effort STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve the 2009 Measure A Maintenance of Effort (MOE) base year levels for the following cities: • Calimesa • Cathedral City • Coachella • Palm Desert • Palm Springs; and 2) Forward to Commission for final approval. BACKGROUND INFORMATION: Measure A imposes several requirements on local agencies in order to receive local streets and roads funds. The 2009 Measure A ordinance continued the requirement for local agencies to maintain the current commitment of local discretionary expenditures toward transportation construction and maintenance activities. This requirement is to ensure that Measure A funds supplement current expenditures, not supplant. In accordance with the 2009 Measure A ordinance, if local agencies do not meet their respective MOE base year level in a given year, Measure A Local Streets and Roads disbursements will be withheld the following year. At its July 2010 meeting, the Commission approved the MOE guidelines developed by staff and the Technical Advisory Committee (T AC). The guidelines also indicated that the implementation of the 2009 MOE base year levels would be applicable to FY 2011/12. For the first two years of the 2009 Measure A program (i.e., FY 2009/1 0 and FY 2010/11), the Commission approved the use of the 1989 Measure A MOE base year amounts, or the Proposition 42 MOE amount for cities incorporated in or after 1989. Agenda Item 9 50 The 2009 Measure A MOE annual certification process is as follows: • Local agencies complete the MOE report template to include discretionary general fund expenditures for construction and maintenance activities for the reporting year; • General ledger documentation/forms must be submitted as an attachment to the MOE report template; • MOE reports will be submitted to the Commission's auditor; • Commission staff will report to the T AC and Commission regarding the outcome of the auditor's findings regarding agencies meeting the MOE base year levels; and • Local agencies that do not meet the MOE base year may submit a request for special consideration, which will be presented to the Commission. The newly incorporated cities of Eastvale, Jurupa Valley, Menifee, and Wildomar are eligible to receive Measure A Local Streets and Roads funding upon notice of participation in the Western Riverside County Multiple Species Habitat Conservation Plan and participation in the Western Riverside County Transportation Uniform Mitigation Fee program. These cities will be required to determine their respective MOE base year levels to meet the MOE certification requirement after the third year of incorporation. At its July 2011 meeting, the Commission approved 2009 MOE base years for 14 of the 22 eligible cities. After further review and clarification staff recommends approving MOE base years for the following cities: Calimesa Cathedral City Coachella Palm Desert Palm Springs The attached listing identifies the local agencies that are being recommended for approval at the September 2011 Commission meeting in addition to those that were previously approved. Staff will continue to conclude the review of the cities of Hemet, Rancho Mirage, and San Jacinto 2009 MOE base year calculations so that a recommendation may be made at the September or October 2011 Commission meeting. Attachment: 2009 Measure A MOE Base Year Recommendations Agenda Item 9 51 ATIACHMENTl 2009 MEASURE A MOE BASE YEAR LEVELS 2009 MOE Base Years· Recommended for Approval at the September 2011 Commission Meeting Agency 1989 MOE Proposed 2009 MOE RCTC Adjustments Recommended 2009 MOE Calimesa 7,294 2,401 2,401 Cathedral City 625,230 391,688 391,688 Coachella 69,663 92,205 92,205 Palm Desert 904,798 2,398,146 2,398,146 Palm Springs 1,892,584 1,498,732 1,498,732 2009 MOE Base Years· Approved at the July 2011 Commission Meeting Approved Agency 1989 MOE 2009 MOE Banning 164,325 316,181 Blythe 475,677 520,192 Canyon lake 6,063 28,873 Corona 1,784,399 2,201,200 Desert Hot Springs 57,586 75,147 Indian Wells 55,962 963,640 Indio 465,763 2,048,564 lake Elsinore 503,339 960,771 Moreno Valley 943,143 1,459,153 Murrieta 25 595,702 Norco 1,259 22,536 Perris 399,945 1,218,470 Riverside 12,449,203 12,449,203 Temecula 2,785,034 1,431,799 New Cities -Base Year level Required After Third Year of Incorporation Agency 1989 MOE Approved 2009 MOE Eastvale N/A N/A Jurupa Valley N/A N/A Menifee N/A N/A Wildomar N/A N/A MOE Base Year levels Not Required t;roved Agency 1989 MOE 9 MOE Comments Beaumont 70,702 N/A City does not qualify for Measure A lSR funds La Quinta N/A N/A City does not qualify for Measure A lSR funds Riverside County -No Discretionary GF expenditures 2009 MOE Base Year levels -Pending Agency 1989 MOE Approved 2009 MOE Comments Hemet 1,183,605 Pending Follow up with city Rancho Mirage 1,191,036 Pending Follow up with city 5an Jacinto 143,347 Pending Follow up with city 52 AGENDA ITEM 1 0 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: i August 22, 2011 TO: Budget and Implementation Committee FROM: Shirley Medina, Programming and Planning Manager THROUGH: ~athY Bechtel, Project Development Director Fiscal Year 2011/12 Annual Local Transportation Fund Planning SUBJECT: Allocations to Western Riverside Council of Governments and Coachella Valley Association of Governments STAFF RECOMMENDA TION: This item is for the Committee to: 1) Approve an allocation of Local Transportation Fund (L TF) Planning funds in the amount of $467,800 to the Western Riverside Council of Governments (WRCOG) and $255,150 to the Coachella Valley Association of Governments (CVAG) to support transportation planning programs and functions as identified in the FY 2011/12 L TF Program Objectives/Work Plan (Work Plan); and 2) Forward to the Commission for final action. BACKGROUND INFORMA TlON: Pursuant to section 99233.2 of the Transportation Development Act (TDA), code of regulations, up to three percent of the annual L TF revenues shall be allocated for transportation planning and programming purposes. The TDA also requires one half of these LTF funds to be allocated for planning activities within the Western Riverside County and the Coachella Valley areas as determined by the Commission. WRCOG submitted its Work Plan that identifies two key program areas air quality and planning programs and regional transportation programs. CVAG submitted its Work Plan that identifies eight program areas including: 1) Transportation Department Operations; 2) Project Management and Contract Administration; 3) Riverside County Transportation Commission Programs; 4) Planning, Programming and Monitoring Program; 5) Miscellaneous Programs; 6) Congestion Management/Air Quality Programs; 7) Transportation Uniform Mitigation Fee Program; and 8) Governmental and Special Projects. Agenda Item 10 53 Financial Information In Fiscal Year Budget: Source of Funds: GLlProject Accounting No.: FY 2011/12 Amount: 002210 86205 00000 0000 106 65 86205 No Staff reviewed the Work Plans and found them consistent with the Commission's overall transportation programming and planning objectives. The amounts of LTF funding available to WRCOG ($467,800) and CVAG ($255,150) are included in the Commission's FY 2011112 budget. 08/16/11oved: \./.J~~ Attachments: 1) WRCOG FY 2011112 LTF Program Objectives/Work Plan 2) CVAG FY 2011/1 2 L TF Program Objectives/Work Plan Agenda Item 10 54 A TT ACHMENT 1 WRCOG Fiscal Year 2011/2012 Local Transportation Funds Program Objectives The Work Plan for FY 2011 is divided into two program areas: 1. Planning Programs and Energy/Environment Programs Environmental Protection Agency (EPA) and California Air Resources Board Department of Energy (DOE) and California Energy Commission South Coast Air Quality Management District (SCAQMD) Southern California Edison Southern California Associations of Governments Department of Housing and Urban Development Strategic Growth Council CALCOG Planning: This program includes the following activities: staff time to develop a Sub Regional Sustainability Framework in conjunction with a grant from the California Air Resources Board; staff time to develop a Sub Regional Climate Action Plan in conjunction with a three year grant from the Strategic Growth Council, continued participation with SCAG and other regional planning agencies; and continued support for the WRCOG Planning Directors TAC to review, analyze and make recommendations to the WRCOG Executive Committee on the sub regional growth forecast, the Regional Transportation Plan and legislation that will impacUassist the implementation of AB 32 and SB 375. Air Quality, Energy Efficiency and Sustainability: These programs include staff time to: support WRCOG Clean Cities and programs that WRCOG has developed to reduce emissions through energy efficiency and water conservation; continued participation in the National Clean Cities Program; assist in the purchase of alternative fuel vehicles and the development of the supporting infrastructure; review and analyze state and federal legislation. Continue tracking and participation in energy efficiency legislation; continued participation in regional air quality meetings and in EPA and Air Resources Board hearings; and to provide outreach to our jurisdictions regarding SCAQMD rule making; 55 2. Regional Transportation Programs Riverside County Transportation Commission Riverside Transit Agency (RTA) Caltrans Southern California Association of Governments CALCOG TUMF: This program includes staff time to administer the TUMF Program which includes but is not limited to: program contract/agreement administration; public outreach/information; the Annual Report; signage program TUMF Zone TIP development and amendments; prepare the annual audit; preparation of annual adjustment for construction costs; maintain TUMF data base of fee collections and disbursements; work with developers on credit and reimbursement agreements; develop and maintain a GIS database to support the Program. Caltrans: Staff time to manage the Jefferson Avenue Multi-Jurisdiction Corridor Study Caltrans grant on behalf of the cities of Temecula (lead agency), Murrieta, Wildomar, and Lake Elsinore. Riverside Transportation Commission Programs: These programs include staff time and project management to assist in transportation planning and air quality programs to include: participation in TUMF Program tasks as needed to assist RCTC in the implementation of the Regional TUMF Program; participate in evaluation committees as requested; and other planning related tasks as determined in consultation with the RCTC Executive Director. Miscellaneous and GIS: This Program includes staff time and project management to: cooperate with the County of Riverside and the RCA, participate with the local jurisdictions and regional partners GIS coverage analysis; develop databases and provide analysis and mapping to support RCTC's rail, STIP, TUMF and transit programs and projects; provide land use, population and employment and other GIS information to local and regional agencies, Caltrans, and other state agencies; legislative review and analysis. 56 ATTACHMENT 2 TRANSPORTATION DEPARTMENT PROGRAM GOALS AND OBJECTIVES FISCAL YEAR 2011112 The Work Plan for 2011112 is separated into eight main program areas: 1) Transportation Department Operations • Transportation Program Administration • Monitor Implementation of Transportation Project Prioritization Study (TPPS) • Capital Improvement Program (CIP) Update • Other Transportation Planning • Operations Management and Administration This program area performs primarily administrative functions which consist of general transportation program administrative activities and various transportation planning duties in support ofthe Transportation Department. (Funded from Measure A and TUMF) 2) Project Management and Contract Administration • Financial Cash Flow • Project Status Tracking • Preparation and Monitoring Agreements Includes staff time to conduct project oversight (design, environmental, construction and close-out), preparation of reimbursement agreements for regional arterial projects, review and approval of project billings in accordance with project scope of work and participation in project development team meetings and associated staff reports. (Funded from Measure A, TUMF and Special Program Funds) 3) Riverside County Transportation Commission (RCTe) Programs • State Highway Routes in the Coachella Valley • Congestion Management ProgramfSystem (CMP/CMS) • RCTC Technical Advisory Committee Includes staff time to support the Riverside County Congestion Management Program through building permit analysis of the one non-TUMF jurisdiction and analysis of traffic patterns through the traffic count program, to provide RCTC staff regional transportation project information for the State Regional Transportation Improvement Program (RTIP), and to support the RCTC Technical Advisory Committee. (Funded from CMAQ and TUMF) 57 4) Planning, Programming and Monitoring Program • Regional Transportation Improvement Program/State Transportation Improvement Program (RTIP/STIP) This area includes staff time in support of the State Transportation Improvement Program (STIP) and Regional Transportation Improvement Program (RTIP), support in implementation and updating of the CV AG Transportation Project Prioritization Study (TPPS), coordination of updates to the Capital Improvement Plan (CIP), and monitoring and examining impacts of implementing SB 45. TPPS activities support the regional project construction program which includes staff time to develop an annual prioritized list of construction projects and required financial resources. (Fundedfrom PP&M, LTF and Measure A) 5) Miscellaneous Programs • GIS Information Services • Maintain Transportation Model • Regional Arterial Traffic Count Program This area involves support to mUltiple programs with a focus on key project areas. These areas include staff time and project management to maintain and provide input for GIS Information Services, the countywide transportation demand model, the regional arterial traffic count program, and transportation legislation review and analysis. GIS Information Services includes staff time to provide regional land use information to CV AG jurisdictions, developers, SCAG and Caltrans. The countywide transportation model involves support for the current transportation model for forecasting projected transportation system needs to the year 2039. (Funded from Measure A, TUMF, CMAQ and Special Program Funds) 6) Congestion Management IAir Quality Programs • SB 821 Program • Conformance with SIP requirements Involves Transportation Department staff support to CMAQ program areas, with focus on the SB 821 program. Also includes implementation of State Implementation Plan (SIP) conformance to CV AG regional projects. (Fundedfrom Measure A and SB 821) 7) Transportation Uniform Mitigation Fee (TUMF) Program • TUMF Program Administration • TUMF/GIS Interface Includes staff time in support of the TUMF program and TUMF/GIS Interface program. TUMF program activities include staff time to monitor the implementation of the TUMF program in member jurisdictions, to perform annual fiscal reviews of building permits and TUMF collections, to research, analyze and prepare reports for 58 TUMF appeals, to enter TUMF collections in the TUMF data base, to meet with developers on request to review potential TUMF assessments, and to perform special TUMF analysis on request. The TUMFIGIS Interface program requires support for continuing the development of integrating the TUMF collection process with electronic transmission of new development information for land use coverages. (Funded from TUAfF) 8) Governmental and Special Projects • Southern California Association of Govemments (SCAG) Overall Work Program The SCAG OWP program includes staff time to coordinate the CVAG sub-region SCAG Overall Work Program needs, develop annual growth projections, collect annual Highway Performance Monitoring System data, provide input to the Federal Regional Transportation Plan, and assist SCAG with transportation modeling refinements. Additionally, staff performs specific transportation project work for SCAG through their Overall Work Program. (Funded from Special Program Funds) • Special Projects Some proposed projects may involve general fund money or special grants. Any project not already a part of the regular work programs, will be brought through the committee process for approval ofthe proposed work. (Fundedfrom Special Grantfunds) 59 AGENDA ITEM 11 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 22, 2011 TO: Budget and Implementation Committee FROM: Aaron Hake, Government Relations Manager THROUGH: John Standiford, Deputy Executive Director SUBJECT: Update on Federal and State Legislation STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file an update on federal and state legislation; 2) Adopt the following bills positions: a) H.R. 2398 (Miller) Support; b) H.R. 2766 (Miller) Support; c) H.R. 2538 (Calvert) -Support; and 3) Forward to the Commission for final action. BACKGROUND INFORMA TJON: Federal Update Debt Ceiling and Deficit Reduction Deal Impacts Transportation Spending The compromise package ultimately signed into law by President Obama to raise the national debt ceiling and reduce the deficit largely consists of domestic spending cuts. The immediate impact to transportation funding from this deal is a freeze of funding levels in 2012 and 2013 that is equal to 2010 levels. Limits are placed on overall domestic spending through 2021. The flat funding levels for transportation will have the greatest impact on non-Highway Trust Fund (HTF) programs that rely on General Fund budget authority. New Starts and Small Starts, the Administration's primary tool for funding transit capital projects, is an example of a General Fund program that will be subject to downward pressure as more projects come into the pipeline without an increase in budgetary authority. The Commission's Perris Valley Line project is reliant on $75 million of Small Starts funds that have yet to be fully committed through a project construction grant agreement (PCGA) with the Federal Transit Administration (FTA). Although progress is being made towards securing these funds that have been set aside by Congress and the Administration, these reduced Agenda Item 11 60 funding levels place additional pressure to lock-up Small Starts funds for this project. Other non-HTF programs include high-speed rail and the popular Transportation Investment Generating Economic Recovery (TIGER) discretionary grant program, which could be subject to reductions in future years. Federal Surface Transportation Reauthorization Update Over the summer, both the House and Senate made progress on reauthorizing the nation's surface transportation law, which expired in 2009, and has been living on short-and medium-term extensions for two years. Senator Barbara Boxer (D-CA), Chairman of the Environment and Public Works (EPW) Committee and Representative John Mica (R-FU, Chairman of the House Transportation and Infrastructure (T&I) Committee, have each held initial hearings on draft outlines of their proposed authorization bills. l\Jo bill text has been released from either committee. The process in the Senate has focused on a bipartisan effort between Senator Boxer, Ranking Member Senator James Inhoffe (R-OK), Finance Committee Chairman Senator Max Baucus (D-MT), and Senator David Vitter (R-LA). Their legislative framework calls for flat funding levels in a two-year authorization bill, shorter than the normal six years for these types of bills. On the policy front, the Senate bill, dubbed MAP-21 or Moving Ahead for Progress in the 21 st Century, includes a new program for goods movement projects on the interstate highway system. Funding for freight-related projects has been a key priority for the Commission for several years. MAP-21 also seeks to consolidate and realign a number of federal programs and introduces the concept of a performance-based funding system. Senator Boxer's outline describes a performance-based system as, "focus[ing] the highway program on key outcomes, such as reducing fatalities, improving bridges, fixing roads, and reducing congestion, in order to ensure that taxpayers are receiving the most for their money. States will set their own targets for improving safety, road and bridge condition, congestion, and freight movement." In the House, Chairman Mica has outlined a bill that will reduce transportation funding from current levels by living within the means of gas tax receipts, which continue to decline. Most experts estimate a 30 percent plus cut in transportation funding under Chairman Mica's proposal. New rules passed in the House of Representatives earlier this year prevent the T&I Committee from finding revenue beyond what is in the HTF, ending a recent practice of using General Fund money to keep current funding levels and make up for the steady decline of gas tax receipts. In light of this constrained funding situation, Chairman Mica has focused heavily on red tape reduction and eliminating duplicative programs or programs that Agenda Item 11 61 stray from a truly federal interest. This policy focus could have a result of reducing the overall cost of transportation projects and thereby increase the value of current gas tax dollars, enabling more projects to proceed. One area of bicameral and bipartisan agreement continues to be a vast expansion of the Transportation Infrastructure Finance and Innovation Act (TIFIA) program. TIFIA is the low-cost borrowing tool that the Commission requires for the SR-91 Corridor Improvement Project and may utilize in the future for other Measure A or tolling projects. TIFIA continues to be seen as a cost effective way for the federal government to leverage non-federal funds to accelerate large transportation projects that are backed by revenue streams such as sales tax measures or tolls. Having adjourned until September, Congress will not be in a position to move a surface transportation reauthorization bill until after Labor Day. Congress will then have only three weeks to negotiate the legislation through both chambers and get it to the President's desk. The current extension of Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) expires on September 30. If agreement cannot be reached on a full authorization bill, another extension will have to be passed or the federal transportation program will shut down. Failing to extend the federal transportation program in some form for the September 30 deadline might seem like a political loser for Congress, there are two recent experiences that suggest it is not impossible for such a chaotic result. The recent showdown over the debt ceiling is the most glaring example of Congress' ability to run big decisions down to the 11th hour and make formerly routine matters subject of great consternation. Second, the Federal Aviation Administration (FAA) experienced a three-week shutdown after a last minute partisan battle erupted between the House and Senate, causing the FAA authorization to lapse. The lapse forced massive furloughs and stop orders on airport construction projects, including at Palm Springs International Airport. September 30 becomes more interesting when considering that the federal gasoline excise tax is set to expire at the same time. Many in Washington, D.C. have yet to awaken to the fact that this tax will need to be reauthorized, regardless if a reauthorization bill is passed. The current federal excise tax is 18.4 cents per gallon. It is likely that some Members of Congress will view a gas tax reauthorization as a tax increase and oppose its extension. An elevated fight over the very existence of transportation's most essential and basic funding source will bring transportation policy into a partisan environment that it historically has been safe from. It is not yet clear how this issue will play out. Agenda Item 11 62 Local Congress Members Introduce Legislation to Improve Project Delivery Representatives Gary Miller and Ken Calvert have recently introduced bills to speed and streamline project delivery decisions at the federal level. H.R. 2389 by Representative Miller would make permanent the pilot program that allows states to accept the responsibilities of the federal government in reviewing National Environmental Policy Act (NEPA) documents. Colloquially referred to as NEPA delegation, this program has only been utilized in California and has had positive results around the state. However, another major provision of H.R. 2389 goes a step further and allows states to substitute its own environmental laws for federal law in cases where the state law is equally or more stringent than federal law. The ostensible goal here is to allow the California Environmental Quality Act (CEQA) to replace NEPA, thereby eliminating duplicative reviews of projects under both laws. The Secretary of Transportation would have to approve a state's application to use this demonstration program. Under the program, local governments could also be permitted to accept the responsibilities of the federal government in ensuring compliance with federal environmental requirements. This could allow an agency such as the Commission to directly manage the environmental process, eliminating a great deal of time-consuming review by Caltrans and the Federal Highway Administration. This bill is entitled the Environmental Review Cooperation Act. Just prior to the Congressional recess following the debt ceiling compromise, Representative Miller also introduced H.R. 2766, the Breaking Down Barriers Act of 2011. This bill legislates some of the recommendations of the Orange County Transportation Authority's (OCT A) Breaking Down Barriers report that the Commission supported enthusiastically. H.R. 2766 also makes the NEPA delegation program permanent and waives California from having to reapply for delegation authority under the new law. The bill allows for projects to accelerate construction prior to official approvals under a letter of no prejudice. This allows projects to proceed at-risk while federal agencies are finishing final paperwork to approve projects. Other key provisions of the bill include: • Requiring the Secretary of Transportation to issue recommendations to expand project eligibility for categorical exclusions under NEPA; • Requiring the Comptroller General of the United States to study methods to streamline the process for environmental impact statements; • Requiring the Secretary of Transportation to issue regulations that create deadlines for project approvals; if approvals are not issued within timeframes set in regulations, projects are automatically deemed approved; and • Delegating federal responsibilities to the state for projects that have high ratios of non-federal funds (Le., reducing federal bureaucratic involvement when there is very little federal funding on a project). Agenda Item 11 63 Representative Calvert has introduced H.R. 2538, the Reducing Environmental Barriers to Unified Infrastructure and Land Development Act of 2011 Act (REBUILD Act). This bill expands the NEPA delegation pilot program to non-transportation agencies including the U.S. Environmental Protection Agency, Department of the Interior, and Army Corps of Engineers. SAFETEA-LU originally limited NEPA delegation to the Department of Transportation. As with the original program, the bill does not weaken environmental laws and requires a memorandum of understanding between the state and federal agency with NEPA responsibilities. Audits are required to ensure states are complying with federal rules. Representative Calvert's goal is to take the successes of NEPA delegation in the transportation arena and apply them to other areas where I\lEPA reviews may be duplicative. Representative Calvert views this bill as complimentary to Representative Miller's bill. Both Members are co-sponsors of each others' legislation. While the Commission's platform and previous actions by the Federal Authorization Legislative Ad Hoc Committee allow staff to act in support of these bills, given the Commission's strong enthusiasm for advocating for legislation that reduces red tape and improves project delivery, staff felt it appropriate to present these bills for a specific Commission action. Both of these bills are in the spirit of Orange County Transportation Authority's Breaking Down Barriers initiative, which the Commission is supporting. Both bills are intended to become policy elements of a larger authorization bill. State Update State Legislature Heads into Final Month of Regular Session for 2011 With the state budget approved in June, the Legislature took a rare summer recess in July and August. The final weeks of August will be consumed with committee hearings and floor sessions to move bills towards the Governor's desk ahead of the August 31 deadline. The Governor will then have the month of September to decide the fate of legislation presented to him. However, many in Sacramento expect the budget to be reopened by the end of the year when and if it is found to be out of balance. Maintaining a balanced budget is essential to the State Treasurer's ability to raise bond proceeds on Wall Street to meet state commitments on Proposition 1 B projects under construction and preparing to break ground, such as the SR-91 high occupancy vehicle project through downtown Riverside. Fortunately the June budget agreement includes authorization of appropriations to fund debt service for Proposition 1 B bonds. With the passage of AJR 4 (Miller) in June, there are no Commission-sponsored pieces of legislation moving through the Capitol at this time. There are other bills still moving through the process that the Commission has been tracking; an Agenda Item 11 64 updated bill matrix is attached to this report. Following the conclusion of the legislative session, staff will present a recap of this year's business in Sacramento. Outside of the legislative process, staff is working with the Self-Help Counties Coalition and Caltrans on policy issues related to project initiation documents (PIDs) that were not resolved as part of the state budget. Staff is also working to achieve fairness and equity in the process of sorting out obligation authority for federal funds among counties; this has implications for how much federal funding can be committed to projects that are preparing for construction. In early July, the Senate Transportation and Housing Committee held an informational field hearing in Los Angeles on SB 867 (Padilla), a bill to create Build California Bonds to accelerate transportation projects funded by local sales tax measures. Staff was invited to testify by Chairman Senator Mark DeSaulnier (D-Concord) on behalf of the Self-Help Counties Coalition. Attachment: Legislative Matrix Agenda Item 11 65 RIVERSIDE COUNTY TRANSPORTATION COMMISSION -POSITIONS ON STATE AND FEDERAL LEGISLATION: UPDATED Al!9-10,2011 0'> 0'> Legislation! Author Description Bill Status Position Date of Board ·Adoption AB 1051 (Committee on Budget) Clarifies and re-establishes Gas Tax Swap provisions of 2010 and provides a frameword for predictable tax revenue for the STIP and State Transit Assistance. Mar. 24 Chaptered by Secretary of State - Chapter 6, Statutes of2011. Staff recommended position "Support" 4/13/11 AB (Skinner) 296 The California Global Warming Solutions Act of 2006 requires the State Air Resources Board to adopt regulations to address global warming caused by the emission of greenhouse gases by reducing the emission of those gases to certain specified levels. This bill would state the intent of the Legislature to enact legislation that would regulate the reflectivity (albedo) of pavement to reduce the urban heat island effect. July 11. Held in Senate Appropriations Committee "suspense" file. Staff recommended position "Oppose" 5/11/11 AB (Perez) 427 Existing law, the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006, authorizes the issuance of $19.925 billion of general obligation bonds for specified purposes. Existing law requires the deposit of $1 billion of the bond proceeds in the Transit System Safety, Security, and Disaster Response Account to be used, upon appropriation, for capital projects that provide increased protection against a security and safety threat, and for capital expenditures to increase the capacity of transit operators to develop disaster response transportation systems that can move people, goods, and emergency personnel and equipment in the aftermath of a disaster impairing that movement. Existing law requires the allocation of 25% of these funds for capital expenditures to regional public waterborne transit agencies authorized to operate a regional public water transit system, as specified, and requires the California Emergency Management Agency to administer a grant application and award program. July 13 Amended and re-referred to Senate Appropriations Committee Staff recommended position "Monitor" 5/11/11 the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006, committee: Set, recommended AB (Miller) entities receiving an allocation of the proceeds of bonds issued under the act to expend those funds within 3 fiscal years of the fiscal year in which the funds were allocated. This bill would specify that for an allocation of the funds made prior to June 30, 2011, the entity receiving the allocation would be required to expend them within 4 fiscal years of the fiscal year in which the funds were allocated. This bill would declare that it is to take effect immediately as an urgency statute. 1308 I This bill, in any year in which the Budget Act has not been enacted by July 1, would provide that all moneys in the Users Tax Account in the Transportation Tax Fund, except as specified, are continuously appropriated and may be encumbered for certain purposes until the Budget Act is enacted. The bill would thereby make an appropriation. The bill would authorize the Controller to make estimates in order to implement these provisions. 0') AJR 4 I This measure would memorialize the President of the United States -.J (Miller) and the Secretary of the United States Department of Transportation to award a federal Transportation Infrastructure Finance and Innovation Act loan guarantee to enable the timely construction of the State Route 91 Corridor Improvement Project in the interest of economic competitiveness of California and the United States. SB 468 I This bill imposes requirements related to the delivery of Interstate 5 (Kehoe) improvements in San Diego County which are in the coastal zone. second hearing. Held under submission. May 27 In committee: Set, second hearing. Held under submission. Passed by Legislature, Chaptered and transmitted to Washington, DC. 12 In Assembly. Passed Transportation and Natural Resources Committees. Referred to Appropriations Committee position "Support" I Staff I 4/13/11 I "Support" Staff 3/9/11 recommended position "Support" Staff 5/11/11 recommended position "Oppose" /' :l (j) 00 H.R. 304 {Gallegly) Existing law sets forth requirements for the solicitation an evaluation of bids and the awarding of contracts by public entities for the erection, construction, alteration, repair, or improvement of any public structure, building, road, or other public improvement. Existing law also authorizes specified state agencies, cities, and counties to implement alternative procedures for the awarding of contracts on a design-build basis. Existing law authorizes the Department of Transportation and regional transportation agencies to enter into public-private partnerships for transportation projects under certain conditions. Existing law authorizes the department to delegate to any city or county any part of its powers and except the power of approval, with respect to any of any state highway within the city or county, and to withdraw the delegation. This bill would specify that the delegation authority includes the authority to utilize private-public partnership agreements for transportation projects. The bill would also make findings and declarations related to local agency contracting. To amend the limitation on liability for certain passenger rail accidents or incidents under section 28103 of title 49, United States Code, and for other purposes. H.R. {Calvert) 526 I To direct the Secretary 0 based on the fair market value of articles imported into the United States and articles exported from the United States in commerce and to use amounts collected from the fee to make grants to carry out certain transportation projects in the transportation trade corridors for which the fee is collected. and for other purposes. May 2 Set, second hearing. Subcommittee on Terrorism, Nonproliferation, and Trade. recommended taft recommended position "Oppose and Work with Author" Staff recommended position "Support" 3/19/11 3/19/11 Hearing canceled at the request of author. Feb. 28 Referred to the Subcommittee on the Constitution. position "Support in Concept"