BOARD OF SUPERVISORS AGENDA LETTER

BOARD OF SUPERVISORS AGENDA LETTER Clerk of the Board of Supervisors 05 E. Anapamu Street, Suite 407 Santa Barbara, CA 930 (805) 568-2240 Agenda Number: Department Name: Treasurer - Tax Collector Department No.: 065 For Agenda Of: 2/6/6 Placement: Administrative Estimated Tme: Continued Item: If Yes, date from: Vote Required: No Majority TO: FROM: Board of Supervisors Department Director(s) Contact Info: Harry E. Hagen, CPA, CPFO, ACPFIM, CFIP, Treasurer - Tax Collector 568-2490 Jennifer C. Christensen, JD MBA CPFO CFIP, Investment and Debt Officer 568-2925 SUBJECT: Treasurer's Investment Pool, FY 205-206 Second Quarter (Oct - Dec 205) County Counsel Concurrence As to form: N/A Other Concurrence: As to form: N/A Auditor-Controller Concurrence As to form: N/A Recommended Actions: That the Board of Supervisors: A) Accept for filing the Fiscal Year 205-206 Second Quarter (October - December 205) report on the Treasurer s Investment Pool, pursuant to Government Code section 53646(b). B) Review and approve the Investment Policy Statement and authorize the County Treasurer to manage the investment pool in accordance with the policy, pursuant to section 53646(a) and 53607 of the Government Code. Summary Text: The value of the Treasurer s Investment Pool at principal cost on December 3, 205, was $,262,977,276. Market value of the investment pool was $,26,870,993. The weighted average days-to-maturity (WAM) for the investment pool was 329 days. The Treasurer s Investment Pool earned $697,834 for the quarter ending December 3, 205, an annualized return of 0.260%. The net yield earned over the past year is 0.372%. Per Government Code Section 53600.5, the Santa Barbara County Treasurer has a mandated responsibility to manage and invest public funds with the primary objective of safeguarding principal, the secondary objective of meeting the liquidity needs of pool participants,

Page 2 of 3 and thirdly, the objective of attaining a market average rate of return, consistent with the primary objectives of safety and liquidity. For the quarter ending December 3, 205, the Treasurer s Investment Pool anticipated and met all liquidity requirements, precluding any need to sell holdings unexpectedly at a potential loss in order to meet cash flow demands. All investments purchased, met or exceeded state and local policy requirements for credit quality. Credit quality of assets held in the Treasurer s Investment Pool is monitored on an ongoing basis. The Santa Barbara County Treasurer conforms to all applicable State statutes and County resolutions that govern the investment of public funds. Background: This quarterly report is being submitted to you pursuant to California Government Code section 53646 (b). In addition, California Government Code section 53646 (b) (3) requires the Treasurer-Tax Collector to include a statement in the Treasurer s Report affirming the ability of the Santa Barbara County Investment Pool to meet expenditure requirements for the next six months. This report was reviewed and discussed by the Treasury Oversight Committee at its quarterly meeting. The Treasury Oversight committee promotes the public interest and is governed by California Government Code sections 2730 through 2733. The Treasurer s Investment Pool is managed by the County Treasurer s office on behalf of the County, local community colleges, local school districts, and other districts and agencies. Government Code Section 53646 provides that the County Treasurer may annually present to the Board of Supervisors a statement of investment policy for review and approval. The attached investment policy was last approved by the Board in February 205. There are no proposed changes at this time. The Treasury Oversight Committee reviewed the Treasurer s Investment Policy Statement at its quarterly meeting in January 206, and approved it. The policy meets or exceeds the requirements of laws and regulations governing the pool. Government Code section 53607 provides that a County Board of Supervisors may delegate the authority to invest and reinvest funds of the County to the County Treasurer for a one-year period. The government code further provides that this delegation may be made only to the Treasurer of the County. Additionally, pursuant to the government code, the transactions related to the investment and reinvestment of funds are included with this quarterly report and are filed monthly with the Clerk of the Board. Performance Measure: To ensure the financial stability of the County, monitor and project liquidity requirements as evidenced by zero securities sold at a loss to meet cash flow needs of pool participants: Accomplished. To ensure the financial stability of the County and secure public agency funds, all investments stay within compliance 00% of the time with the Government Code and the Treasurer s Investment Policy: Accomplished. Fiscal and Facilities Impacts: Budgeted: Yes G:\TR\Investing\TOC QuarterlyMeetings\206-0-25\205-2-3 TIPBoardAgendaLetter.doc!BoardLetter2006.dot v 06c

Page 3 of 3 Fiscal Analysis: For the quarter ending December 3, 205, net investment earnings achieved by the Treasurer s Investment Pool were $697,834, with the County receiving 42%, Schools 48%, and Special Districts the balance of 0%. The net yield earned for the quarter on an annualized basis is 0.260% and over the past year is 0.372%. Attachments:. Treasurer s Second Quarter Investment Pool Report (October December 205) 2. Treasurer s Investment Policy Statement Authored by: Jennifer C. Christensen, JD MBA CPFO CFIP, Investment and Debt Officer G:\TR\Investing\TOC QuarterlyMeetings\206-0-25\205-2-3 TIPBoardAgendaLetter.doc!BoardLetter2006.dot v 06c

SANTA BARBARA COUNTY TREASURER S REPORT TO THE BOARD OF SUPERVISORS AND THE TREASURY OVERSIGHT COMMITTEE FOR THE QUARTER ENDED December 3, 205

ECONOMIC TREND The Federal Open Market Committee (Committee) raised the target federal funds rate by 25 basis points to a range of 0.25% to 0.50% while reaffirming in the statement that the Committee s decision about how long to maintain the current target range for the federal funds rate would depend on its assessment of actual and expected progress toward its objectives of maximum employment and 2 percent inflation. As summarized in the Beige Book issued January 3, 206, reports from the twelve Federal Reserve Districts point to continued modest expansion in economic activity. INVESTMENT ACTIVITIES The investment portfolio is in compliance with the Government Code and the Treasurer s Investment Policy. The Treasurer s Investment Pool has sufficient cash flow available to meet all budgeted expenditures for the next six months. 2

ECONOMIC TREND: Unemployment Rate The unemployment rate represents the number of unemployed persons as a percent of the labor force. The sampling used each month to calculate the rate is approximately 60,000 households. The national unemployment rate began the quarter at 5.% and ended the quarter at 5.0%. California s preliminary unemployment rate was 5.7% in November. 3 Source: Bureau of Labor Statistics

ECONOMIC TREND: Inflation The Consumer Price Index (CPI) represents changes in prices of all goods and services purchased for consumption by urban households. CPI was 0.7 at the end of December. The Core CPI, which excludes food and energy, was 2. at the end of December. 4 Source: Bureau of Labor Statistics

ECONOMIC TREND: Consumer Confidence Consumer Confidence is the average of responses to current business and employment conditions and responses to six-month future expectations for business conditions, employment conditions, and total family income. It began the quarter at 02.6 and ended at 96.5. 5 Source: Conference Board

ECONOMIC TREND: GDP (Gross Domestic Product) Gross domestic product is the value of all goods and services produced. After eighteen consecutive quarters of growth, the economy experienced its first quarter in negative territory ending March 204 at -0.9%. Subsequently, the economy continued to recover. For the most recent quarter ending September 205, the economy reported GDP at 2.0%. 6 Source: Bureau of Economic Analysis

Santa Barbara County Treasurer's Investment Pool Statement of Assets As of December 3, 205 Asset Description Cost Net Unrealized Holding Gains/(Losses) Fair Value* 2/3/205 Percent of Portfolio Yield to Weighted Average Days to Fair Value 9/30/205 Net Change Cash $ 66,363,456 $ - $ 66,363,456 3.8 0.270 $ 5,532,949 $ 50,830,507 California Asset Management Program (CAMP) 5,000,000-5,000,000.9 0.30 0,000,000 5,000,000 Local Agency Investment Fund (LAIF) 50,000,000-50,000,000 3.96 0.380 50,000,000 - U.S. Treasuries 354,02,988 (557,238) 353,455,750 28.02 0.766 536 200,205,725 53,250,025 Government Agency Bonds 24,546,300 (473,870) 24,072,430 6.96 0.677 386 69,622,890 44,449,540 Government Agency Discount Notes 337,024,466 49,39 337,73,785 26.72 0.374 66 99,25,745 37,958,040 Government Agency Bonds - able 26,030,066 (224,494) 25,805,572 9.97 0.998 692 222,89,607 (96,384,035) Total $,262,977,276 $ (,06,283) $,26,870,993 00.00 0.583 329 $ 966,766,96 $ 295,04,077 *Provided by Union Bank Treasurer's Pool Earnings Summary: Total Net Earnings on the Treasurer's Pool $ 697,834 Average Daily Balance on the Treasurer's Pool $,063,083,70 Net Interest Rate on the Treasurer's Pool 0.260% 7

TREASURER'S INVESTMENT POOL ASSET DISTRIBUTION BY SECTOR (PAR VALUE) 2/3/205 Treasuries, 28.0% able Securities, 0.0% CAMP,.2% Cash on Deposit at Bank, 3.2% LAIF - State Investment Pool, 4.0% Government Agency Notes, 43.6% Treasuries $ 355,000,000 Cash on Deposit at Bank $ 66,363,456 Government Agency Notes $ 552,500,000 LAIF - State Investment Pool $ 50,000,000 CAMP $ 5,000,000 able Securities $ 26,45,000 TOTAL $,265,008,456 8

S&P CREDIT RATING AT TIME OF PURCHASE BY PERCENT OF BOOK VALUE 2/3/205 AA (Long Term Rating) 55.4% CA Local Agency Investment Fund/ Cash on Deposit at Bank (Not Rated) 7.% Investment Policy Requirements: -- US Treasuries: N/A -- Agency of the Federal Government/US Government Sponsored: N/A -- Commercial Paper of US Corporations, Assets Greater Than $500 million: A, P, F (by two of the three rating agencies) -- State of California - LAIF/Managed Investment Pools: N/A -- Negotiable CD's: A, P, F (by two of the three rating agencies) -- Medium Term Notes/Corporate Notes of US Corporations: Up to three years: AAby at least two of the three rating agencies. Greater than three years: AA by at least two of the three rating agencies. AAA (Long Term Rating) 27.5% 9

TREASURER'S INVESTMENT POOL MATURITY DISTRIBUTION 2/3/205 3-4 YEARS, 4.4% 4-5 YEARS, 0.0% 2-3 YEARS, 9.% OVERNIGHT, 8.3% - 90 DAYS,.% - 2 YEARS, 23.% 9 DAYS - YEAR, 34.0% 0

TREASURER'S INVESTMENT POOL AVERAGE DAILY CASH BALANCE & INCOME DISTRIBUTION FOR THE QUARTER ENDED 2/3/205 Special Districts, 0% County, 42% Schools, 48% The average daily cash balance of all entities in the pool during the quarter was $,063,083,70. Aggregate interest earnings of $697,834 was distributed to pool participants.

TREASURER'S INVESTMENT POOL QUARTERLY PERFORMANCE VERSUS SELECTED BENCHMARKS 2/3/205 7.00% 6.00% 5.00% 4.00% 3.00% 2.00%.00% 0.00% 0.50% 0.38% 0.26% 0.6% LAIF Treasurer's Pool Federal Funds 3 mo T-Bill 2

County Pool 205-206 Portfolio Management Investment Status Report - Investments December 3, 205 Page CUSIP Investment # Issuer Cash Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value SYS5495 5495 BAC 66,363,456.00 0.270 66,363,456.00 66,363,456.00 66,363,456.00 CAMP Cash Totals 66,363,456.00 66,363,456.00 0.00 66,363,456.00 66,363,456.00 SYS5272 5272 CAMP 5,000,000.00 0.30 5,000,000.00 5,000,000.00 5,000,000.00 Local Agency Investment Funds CAMP Totals 5,000,000.00 5,000,000.00 0.00 5,000,000.00 5,000,000.00 SYS009 009 LAIF 50,000,000.00 0.380 50,000,000.00 50,000,000.00 50,000,000.00 Local Agency Investment Funds Totals 50,000,000.00 50,000,000.00 0.00 50,000,000.00 Federal Agency Coupon Securities 50,000,000.00 333ECE9 5679 FFCB 0,000,000.00 0.400 02/0/206 02/0/203,095 3 0,002,500.00 9,995,000.00 9,999,86. 333EEDF4 5864 FFCB,500,000.00 0.850 07/28/207 2/04/204 967 574,494,870.00 Received,498,800.00,499,286.79 333EEKU3 5879 FFCB 5,000,000.00 0.240 0/2/206 0/2/205 365 20 5,000,350.00 5,000,000.00 5,000,000.00 333EESZ4 5898 FFCB 0,000,000.00 0.460 07/2/206 03/2/205 488 93 9,994,200.00 0,000,000.00 0,000,000.00 333EEC40 5909 FFCB 3,000,000.00 0.350 06/24/206 04/24/205 427 75 2,99,60.00 3,000,000.00 3,000,000.00 333EFSH 5998 FFCB 5,000,000.00.70 06/4/208 2/4/205 93 895 4,978,450.00 4,998,650.00 4,998,675.50 333834R9 570 FHLB 5,000,000.00 0.375 06/24/206 05/0/203,4 75 4,993,750.00 4,99,50.00 4,998,637.86 330A0C65 5746 FHLB 5,000,000.00 0.625 2/28/206 /5/203,39 362 4,989,050.00 4,985,700.00 4,995,454.05 330A3GV0 5854 FHLB 5,000,000.00 0.290 02/25/206 /0/204 472 55 5,000,250.00 5,000,000.00 5,000,000.00 330A3PB4 5866 FHLB 5,000,000.00 0.230 0/04/206 2/08/204 392 3 5,000,000.00 4,996,400.00 4,999,972.02 330A3UR3 5877 FHLB 0,000,000.00 0.750 0/06/207 0/06/205 73 37 0,005,200.00 0,000,000.00 0,000,000.00 330A57C7 5922 FHLB 5,000,000.00 0.530 0/30/207 04/30/205 64 395 4,947,650.00 5,000,000.00 5,000,000.00 330A57D5 5923 FHLB 5,000,000.00 0.560 02/27/207 04/30/205 669 423 4,945,700.00 5,000,000.00 5,000,000.00 330A5AA7 5924 FHLB 5,000,000.00 0.360 08/0/206 05/0/205 458 23 4,980,650.00 5,000,000.00 5,000,000.00 330A5K57 5929 FHLB 5,000,000.00 0.330 06/30/206 06/04/205 392 8 4,999,650.00 4,998,900.00 4,999,489.90 33380EC7 5975 FHLB 5,000,000.00 0.750 09/08/207 /2/205 666 66 4,968,00.00 6,666.67 4,988,500.00 4,989,358.99 330A6UX3 6004 FHLB 5,000,000.00.500 06/28/209 2/28/205,278,274 4,99,300.00 5,000,000.00 5,000,000.00 330A5EP0 600 FHLB 5,000,000.00 0.625 05/30/207 2/30/205 57 55 4,976,600.00 2,604.7 4,974,000.00 4,974,050.98 33379DD8 605 FHLB 0,000,000.00.000 06/2/207 2/30/205 539 537 9,994,500.00 2,500.00 9,995,400.00 9,995,408.66 330A62S5 606 FHLB 0,000,000.00 0.750 08/28/207 2/30/205 607 605 9,949,900.00 25,46.67 9,947,000.00 9,947,088.63 337EADS5 573 FHLMC 5,000,000.00 0.875 0/4/206 08/6/203,55 287 5,003,700.00 4,999,250.00 4,999,83.49 334G4XW3 584 FHLMC 5,000,000.00 0.600 09/26/206 04//204 899 269 4,994,250.00 Received 4,998,750.00 4,999,625.7 337EADK2 597 FHLMC 5,000,000.00.250 08/0/209 /06/205,364,308 4,944,400.00 6,493.06 4,960,300.00 4,96,923.42 Portfolio SB99 AP Run : 0/20/206-2:33 PM (PRF_PMS) 7.2.5 Report Ver. 7.3.

County Pool 205-206 Portfolio Management Investment Status Report - Investments December 3, 205 Page 2 CUSIP Investment # Issuer Federal Agency Coupon Securities Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 337EADK2 5984 FHLMC 5,000,000.00.250 08/0/209 2/0/205,339,308 4,944,400.00 20,833.33 4,952,850.00 4,953,92.59 337EADX4 5997 FHLMC 5,000,000.00.000 2/5/207 2/4/205 732 74 4,986,650.00 46.67 4,998,500.00 4,998,535.37 337EADJ5 607 FHLMC 0,000,000.00.000 07/28/207 2/30/205 576 574 9,983,400.00 42,222.22 9,992,800.00 9,992,82.68 335G0AL7 553 FNMA 5,000,000.00 2.250 03/5/206 02/0/202,495 74 5,07,850.00 Received 5,29,600.00 5,04,629.42 335G0XP3 57 FNMA 5,000,000.00 0.375 07/05/206 05/7/203,45 86 4,993,950.00 4,982,750.00 4,997,86.7 Federal Agency Coupon Securities Totals 24,500,000.00 722 386 24,072,430.00 7,52.79 24,546,300.00 Federal Agency Disc. -Amortizing 24,35,732.34 3332WU0 5928 FCDN 5,000,000.00 0.290 05/3/206 06/02/205 346 33 4,992,400.00 4,986,063.89 4,994,643.06 3332WK2 5946 FCDN 5,000,000.00 0.320 05/04/206 09/30/205 27 24 4,992,950.00 4,990,355.56 4,994,488.89 3332ZZ6 5947 FCDN 0,000,000.00 0.400 07/29/206 09/30/205 303 20 9,966,600.00 9,966,333.33 9,976,666.66 3332A75 5949 FCDN 0,000,000.00 0.30 08/04/206 0/05/205 304 26 9,965,00.00 9,973,822.22 9,98,400.00 3332J35 5952 FCDN 5,000,000.00 0.360 0/03/206 0/05/205 364 276 4,976,300.00 4,98,800.00 4,986,200.00 3332F62 5957 FCDN 5,000,000.00 0.340 09/2/206 0/4/205 334 255 4,978,450.00 4,984,227.78 4,987,958.34 3332ZX 5959 FCDN 5,000,000.00 0.30 07/27/206 0/9/205 282 208 4,983,500.00 4,987,858.33 4,99,044.44 3332J43 5960 FCDN 5,000,000.00 0.370 0/04/206 0/20/205 350 277 4,976,200.00 4,982,03.89 4,985,765.28 3332E22 5980 FCDN 7,000,000.00 0.500 08/3/206 /25/205 280 243 6,972,490.00 6,972,777.78 6,976,375.00 3332R69 5985 FCDN 5,000,000.00 0.670 2/0/206 2/02/205 365 335 4,970,250.00 4,966,034.72 4,968,826.39 3332F62 5999 FCDN 5,000,000.00 0.700 09/2/206 2/5/205 272 255 4,978,450.00 4,973,555.56 4,975,208.34 3332H78 5950 FFCBDN 5,000,000.00 0.360 09/29/206 0/05/205 360 272 4,977,000.00 4,982,000.00 4,986,400.00 3332ZW3 5963 FFCBDN 5,000,000.00 0.320 07/26/206 0/23/205 277 207 4,983,550.00 4,987,688.89 4,990,800.00 33384WD7 595 FHDN 5,000,000.00 0.280 04/28/206 04/28/205 366 8 4,994,400.00 4,985,766.67 4,995,4. 33384XP9 5927 FHDN 0,000,000.00 0.290 06/0/206 06/02/205 365 52 9,980,500.00 9,970,597.22 9,987,755.55 33384YD5 5930 FHDN 5,000,000.00 0.360 06/5/206 06/5/205 366 66 4,989,350.00 4,98,700.00 4,99,700.00 33384YV5 5935 FHDN 3,500,000.00 0.340 07/0/206 07/23/205 344 82 3,489,920.00 3,488,628.89 3,493,983.89 33384YV5 5936 FHDN 0,000,000.00 0.360 07/0/206 09/09/205 296 82 9,97,200.00 9,970,400.00 9,98,800.00 33384WX3 5940 FHDN 5,000,000.00 0.380 05/6/206 09/5/205 244 36 4,992,250.00 4,987,22.22 4,992,822.22 33384M89 5970 FHDN 5,000,000.00 0.400 /0/206 /02/205 365 305 4,973,550.00 4,979,722.22 4,983,055.55 33384Q44 598 FHDN 5,000,000.00 0.650 /2/206 /30/205 357 325 4,97,800.00 4,967,770.83 4,970,659.72 33384WM7 5987 FHDN 5,000,000.00 0.520 05/06/206 2/08/205 50 26 4,992,800.00 4,989,66.67 4,990,900.00 33384SF7 5988 FHDN 7,500,000.00 0.30 0/25/206 2/09/205 47 24 7,499,325.00 7,496,964.58 7,498,450.00 33384TZ2 5989 FHDN 5,000,000.00 0.465 03/07/206 2/09/205 89 66 4,997,350.00 4,994,252.08 4,995,737.50 33384XE4 5990 FHDN 5,000,000.00 0.550 05/23/206 2/0/205 65 43 4,99,850.00 4,987,395.83 4,989,076.39 33384XF 5993 FHDN 5,000,000.00 0.550 05/24/206 2//205 65 44 4,99,750.00 4,987,395.83 4,989,000.00 33384XH7 5994 FHDN 5,000,000.00 0.550 05/26/206 2//205 67 46 4,99,650.00 4,987,243.06 4,988,847.23 Portfolio SB99 AP Run : 0/20/206-2:33 PM (PRF_PMS) 7.2.5

County Pool 205-206 Portfolio Management Investment Status Report - Investments December 3, 205 Page 3 CUSIP Investment # Issuer Federal Agency Disc. -Amortizing Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 33384XQ7 5995 FHDN 5,000,000.00 0.550 06/02/206 2//205 74 53 4,990,200.00 4,986,708.33 4,988,32.50 33384T33 6000 FHDN 5,000,000.00 0.800 2/4/206 2/6/205 364 348 4,969,00.00 4,959,555.56 4,96,333.34 33384SY6 5906 FHLBDN 2,500,000.00 0.20 02//206 04/23/205 294 4 2,499,350.00 2,495,72.50 2,499,402.08 33384RU5 5907 FHLBDN 2,500,000.00 0.80 0/4/206 04/23/205 266 3 2,499,900.00 2,496,675.00 2,499,837.50 33384SB6 5908 FHLBDN 0,000,000.00 0.95 0/2/206 04/24/205 272 20 9,999,300.00 9,985,266.67 9,998,96.67 33384SG5 593 FHLBDN 0,000,000.00 0.90 0/26/206 04/27/205 274 25 9,999,00.00 9,985,538.89 9,998,680.56 33384YC7 593 FHLBDN 5,000,000.00 0.360 06/4/206 06/5/205 365 65 4,989,400.00 4,98,750.00 4,99,750.00 33384YE3 5932 FHLBDN 5,000,000.00 0.350 06/6/206 06/9/205 363 67 4,989,300.00 4,982,354.7 4,99,88.95 33384H77 5953 FHLBDN 5,000,000.00 0.430 09/29/206 0/06/205 359 272 4,977,000.00 4,978,559.72 4,983,755.55 33396SJ3 5893 FMCDN 5,000,000.00 0.220 0/28/206 03/04/205 330 27 4,999,500.00 4,989,96.67 4,999,75.00 33396SK0 5894 FMCDN 5,000,000.00 0.220 0/29/206 03/04/205 33 28 4,999,500.00 4,989,886. 4,999,44.44 33396VW0 599 FMCDN 5,000,000.00 0.260 04/2/206 04/29/205 358 4,994,750.00 4,987,072.22 4,995,99.67 33396UC5 5920 FMCDN 5,000,000.00 0.90 03/0/206 04/29/205 36 69 4,997,250.00 4,99,66. 4,998,79.7 33396US0 592 FMCDN 5,000,000.00 0.25 03/24/206 04/29/205 330 83 4,996,650.00 4,990,45.83 4,997,52.53 33396WL3 5926 FMCDN 5,000,000.00 0.275 05/05/206 05/05/205 366 25 4,992,900.00 4,986,020.83 4,995,225.69 33396XA6 5933 FMCDN 0,000,000.00 0.270 05/9/206 06/22/205 332 39 9,984,00.00 9,975,00.00 9,989,575.00 33396YU 5934 FMCDN 5,000,000.00 0.30 06/30/206 07/23/205 343 8 4,988,400.00 4,985,23.94 4,992,206.94 33396E82 5942 FMCDN 5,000,000.00 0.35 09/06/206 09/28/205 344 249 4,979,000.00 4,984,950.00 4,989,06.25 33396E25 5943 FMCDN 5,000,000.00 0.305 08/3/206 09/28/205 338 243 4,980,350.00 4,985,68.94 4,989,706.25 33396B69 5944 FMCDN 5,000,000.00 0.285 08//206 09/28/205 38 223 4,98,950.00 4,987,42.50 4,99,72.92 33396ZS5 5945 FMCDN 5,000,000.00 0.275 07/22/206 09/28/205 298 203 4,983,900.00 4,988,68.06 4,992,246.53 33396WC3 599 FMCDN 5,000,000.00 0.50 04/27/206 2//205 38 7 4,994,450.00 4,990,225.00 4,99,72.50 33396WE9 5992 FMCDN 5,000,000.00 0.50 04/29/206 2//205 40 9 4,994,350.00 4,990,083.33 4,99,570.83 33396ZH9 5996 FMCDN 5,000,000.00 0.560 07/3/206 2//205 25 94 4,984,600.00 4,983,277.78 4,984,9. 33588D36 6003 FNDN 5,000,000.00 0.590 08/24/206 2/23/205 245 236 4,980,900.00 4,979,923.6 4,980,66. 33588RJ6 5886 FNMA 0,000,000.00 0.200 0/04/206 02/26/205 32 3 0,000,000.00 9,982,666.67 9,999,833.33 33588XA8 5937 FNMA 5,000,000.00 0.325 05/9/206 09/09/205 253 39 4,992,050.00 4,988,579.86 4,993,725.69 33588ZV0 5938 FNMA 5,000,000.00 0.370 07/25/206 09/4/205 35 206 4,983,650.00 4,983,82.50 4,989,43.89 33588ZY4 5939 FNMA 5,000,000.00 0.370 07/28/206 09/4/205 38 209 4,983,400.00 4,983,658.33 4,989,259.72 33588D44 594 FNMA 5,000,000.00 0.400 08/25/206 09/7/205 343 237 4,980,800.00 4,980,944.44 4,986,833.33 33588B46 5954 FNMA 5,000,000.00 0.270 08/09/206 0/07/205 307 22 4,982,50.00 4,988,487.50 4,99,72.50 33588ZJ7 5955 FNMA 5,000,000.00 0.250 07/4/206 0/07/205 28 95 4,984,550.00 4,990,243.06 4,993,229.7 33588C94 6002 FNMA 5,000,000.00 0.590 08/22/206 2/23/205 243 234 4,98,050.00 4,980,087.50 4,980,825.00 Federal Agency Disc. -Amortizing Totals 338,000,000.00 290 66 337,73,785.00 0.00 337,024,465.68 337,36,785.28 Portfolio SB99 AP Run : 0/20/206-2:33 PM (PRF_PMS) 7.2.5

County Pool 205-206 Portfolio Management Investment Status Report - Investments December 3, 205 Page 4 CUSIP Investment # Issuer Treasury Coupon Securities Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 92828B82 5802 USTR 2,500,000.00 0.250 02/29/206 03/06/204 725 59 2,499,800.00 Received 2,496,093.75 2,499,682. 92828UR9 5803 USTR 2,500,000.00 0.750 02/28/208 03/06/204,455 789 2,478,700.00 Received 2,459,863.28 2,478,235.4 92828B82 5806 USTR 0,000,000.00 0.250 02/29/206 03/20/204 7 59 9,999,200.00 Received 9,98,250.00 9,998,444.09 92828B82 587 USTR 0,000,000.00 0.250 02/29/206 04/25/204 675 59 9,999,200.00 Received 9,980,468.75 9,998,292.82 92828SY7 589 USTR 0,000,000.00 0.625 05/3/207 04/29/204,28 56 9,955,900.00 Received 9,899,28.75 9,953,897.94 92828VC 582 USTR 5,000,000.00 0.250 05/5/206 04/30/204 746 35 4,989,500.00 Received 4,939,062.50 4,988,972.44 92828B74 5825 USTR 0,000,000.00 0.625 02/5/207 06/05/204 986 4 9,974,600.00 Received 9,972,656.25 9,988,602.5 92828VG2 5828 USTR 5,000,000.00 0.500 06/5/206 06/8/204 728 66 4,999,600.00 Received 5,000,390.63 5,000,089.07 92828WQ9 5835 USTR 5,000,000.00 0.500 06/30/206 07/07/204 724 8 4,998,850.00 Received 4,999,28.75 4,999,804.69 92828WM8 5836 USTR 5,000,000.00 0.375 05/3/206 07/07/204 694 5 4,998,050.00 Received 4,990,429.69 4,997,97.70 92828UG3 5850 USTR 0,000,000.00 0.375 0/5/206 /06/204 435 4 0,000,400.00 Received 0,09,53.25 0,000,628.59 92828SY7 585 USTR 5,000,000.00 0.625 05/3/207 /07/204 936 56 4,977,950.00 Received 4,974,609.38 4,986,002.6 92828TB6 5852 USTR 0,000,000.00 0.750 06/30/207 /07/204 966 546 9,968,800.00 Received 9,97,093.75 9,983,66.68 92828WM8 5858 USTR 0,000,000.00 0.375 05/3/206 /25/204 553 5 9,996,00.00 Received 0,02,500.00 0,003,43.20 92828WQ9 5859 USTR 0,000,000.00 0.500 06/30/206 /25/204 583 8 9,997,700.00 Received 0,025,78.25 0,008,004.3 92828TM2 586 USTR 5,000,000.00 0.625 08/3/207 2/02/204,003 608 4,903,850.00 Received 4,909,765.63 4,945,30.60 92828TB6 5862 USTR 5,000,000.00 0.750 06/30/207 2/02/204 94 546 4,953,200.00 Received 4,985,937.50 4,99,840.46 92828SY7 5863 USTR 5,000,000.00 0.625 05/3/207 2/02/204 9 56 4,933,850.00 Received 4,954,296.88 4,974,3.27 92828TM2 5888 USTR 0,000,000.00 0.625 08/3/207 03/02/205 93 608 9,935,900.00 Received 9,942,87.50 9,96,500.55 92828TB6 5889 USTR 0,000,000.00 0.750 06/30/207 03/02/205 85 546 9,968,800.00 Received 9,990,625.00 9,993,985.02 92828WM8 5896 USTR 5,000,000.00 0.375 05/3/206 03//205 447 5 4,998,050.00 Received 4,998,828.3 4,999,604.3 92828VC 5897 USTR 0,000,000.00 0.250 05/5/206 03//205 43 35 9,993,000.00 Received 9,985,937.50 9,995,595.27 92828TG5 5948 USTR 5,000,000.00 0.500 07/3/207 0/02/205 668 577 4,962,00.00 4,279.89 4,99,992.9 4,993,083.07 92828UR9 5956 USTR 5,000,000.00 0.750 02/28/208 0/4/205 868 789 4,957,400.00 4,532.97 4,999,28.75 4,999,289.85 92828L8 5958 USTR 5,000,000.00 0.875 0/5/208 0/5/205,096,08 4,944,900.00 4,992,968.75 4,993,469.5 92828TS9 596 USTR 5,000,000.00 0.625 09/30/207 0/2/205 70 638 4,965,450.00,793.03 4,999,609.38 4,999,648.99 92828TG5 5962 USTR 5,000,000.00 0.500 07/3/207 0/2/205 649 577 4,962,00.00 5,570.65 4,993,64.06 4,993,922.44 92828TC4 5964 USTR 5,000,000.00.000 06/30/209 0/28/205,34,276 4,97,400.00 Received 4,98,250.00 4,982,58.84 92828TR 5965 USTR 5,000,000.00.000 09/30/209 0/28/205,433,368 4,894,900.00 3,825.4 4,964,843.75 4,966,438.42 92828TH3 5966 USTR 5,000,000.00 0.875 07/3/209 0/28/205,372,307 4,887,00.00 0,580.84 4,950,78.25 4,953,3.04 92828J35 5967 USTR 5,000,000.00 0.500 02/28/207 0/29/205 488 424 4,979,900.00 4,052.20 4,997,656.25 4,997,963.63 92828L40 5968 USTR 5,000,000.00.000 09/5/208 0/30/205,05 988 4,964,450.00 6,8.32 4,998,437.50 4,998,53.6 92828XK 5969 USTR 5,000,000.00 0.875 07/5/208 0/30/205 989 926 4,954,900.00 2,720.79 4,987,500.00 4,988,296.26 92828XA3 5972 USTR 5,000,000.00.000 05/5/208 /0/205 97 865 4,975,200.00 Received 4,985,56.25 4,985,997.99 92828SD3 5973 USTR 5,000,000.00.250 0/3/209 /0/205,78,26 4,983,200.00 7,323.37 4,985,937.50 4,986,558.26 Portfolio SB99 AP Run : 0/20/206-2:33 PM (PRF_PMS) 7.2.5

County Pool 205-206 Portfolio Management Investment Status Report - Investments December 3, 205 Page 5 CUSIP Investment # Issuer Treasury Coupon Securities Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 92828SH4 5974 USTR 5,000,000.00.375 02/28/209 /0/205,206,54 4,996,700.00 3,40.03 4,999,609.38 4,999,626.22 92828SX9 5976 USTR 5,000,000.00.25 05/3/209 /20/205,288,246 4,944,50.00 Received 4,962,500.00 4,963,722.83 92828K66 5977 USTR 5,000,000.00 0.500 04/30/207 /20/205 527 485 4,973,850.00,373.63 4,980,859.38 4,982,384.82 92828VE7 5978 USTR 0,000,000.00.000 05/3/208 /20/205 923 88 9,948,800.00 Received 9,978,25.00 9,979,20.40 92828XP0 5982 USTR 0,000,000.00 0.625 07/3/207 /30/205 609 577 9,944,00.00 20,720. 9,964,062.50 9,965,950.84 92828TN0 5983 USTR 5,000,000.00.000 08/3/209 2/0/205,369,338 4,90,350.00 2,637.36 4,920,32.50 4,922,6.96 92828WH9 5986 USTR 5,000,000.00 0.875 05/5/207 2/04/205 528 500 4,996,900.00 2,283.65 4,999,28.75 4,999,260.8 92828UJ7 6007 USTR 0,000,000.00 0.875 0/3/208 2/29/205 764 76 9,950,000.00 35,903.53 9,953,906.25 9,954,087.25 92828H78 6009 USTR 0,000,000.00 0.500 0/3/207 2/29/205 399 396 9,963,300.00 20,56.30 9,968,750.00 9,968,984.96 92828WP 60 USTR 0,000,000.00 0.875 06/5/207 2/30/205 533 53 9,989,00.00 3,586.07 9,989,062.50 9,989,03.54 92828WT3 602 USTR 5,000,000.00 0.875 07/5/207 2/30/205 563 56 4,99,600.00 9,972.83 4,99,60.56 4,99,63.39 92828D98 603 USTR 5,000,000.00.000 09/5/207 2/30/205 625 623 4,997,050.00 4,560.44 4,997,265.63 4,997,274.38 92828D49 604 USTR 5,000,000.00 0.875 08/5/207 2/30/205 594 592 4,988,850.00 6,287.36 4,989,453.3 4,989,488.64 Treasury Coupon Securities Totals 355,000,000.00 84 536 353,455,750.00 232,.5 354,02,988.33 Federal Agency Coupon - ables 354,288,82.7 333EC6S8 5656 FFCB 0,000,000.00 0.600 2/2/206 2/2/202,46 346 9,992,400.00 9,992,500.00 9,998,223.96 333ECFA7 5684 FFCB 5,000,000.00.080 02/3/208 02/3/203,826 774 4,975,900.00 5,000,000.00 5,000,000.00 333EDYQ9 5855 FFCB 500,000.00 0.750 0/20/207 /4/204 798 385 499,60.00 Received 500,000.00 500,000.00 333EELR9 5880 FFCB 5,000,000.00 0.625 0/27/207 0/27/205 73 392 4,983,850.00 5,000,000.00 5,000,000.00 330A0NR7 5794 FHLB 2,500,000.00.430 0/29/208 0/29/204,46 759 2,500,050.00 2,499,375.00 2,499,675.35 330A6VB0 6005 FHLB 5,000,000.00.250 06/29/208 2/29/205 93 90 4,997,700.00 5,000,000.00 5,000,000.00 330A6V79 6008 FHLB 5,000,000.00.400 2/28/208 2/29/205,095,092 4,994,850.00 94.44 5,000,000.00 5,000,000.00 334G3K82 562 FHLMC 5,000,000.00 0.750 03/27/207 09/27/202,642 45 4,990,500.00 5,000,000.00 5,000,000.00 334G3Y79 5643 FHLMC 5,000,000.00.000 /28/207 /28/202,826 697 4,97,650.00 5,000,000.00 5,000,000.00 334G3Z37 5648 FHLMC 5,000,000.00 0.625 2/05/206 2/05/202,46 339 4,984,600.00 4,997,500.00 4,999,420.4 334G34Y3 570 FHLMC 5,000,000.00.000 02/4/208 04/09/203,772 775 5,003,700.00 Received 4,998,750.00 4,999,453.44 334G42G2 5709 FHLMC 5,000,000.00.050 04/30/208 04/30/203,826 850 4,970,250.00 5,000,000.00 5,000,000.00 334G4S90 578 FHLMC 5,000,000.00 0.800 2/30/206 2/30/203,096 364 5,022,200.00 5,000,000.00 5,000,000.00 334G4R9 5782 FHLMC 2,450,000.00 0.750 2/30/206 2/30/203,096 364 2,446,937.50 2,450,000.00 2,450,000.00 334G4YA0 58 FHLMC 5,250,000.00 0.625 09/26/206 03/26/204 95 269 5,248,0.00 5,250,000.00 5,250,000.00 334G6YM9 592 FHLMC 5,000,000.00 0.875 0/27/207 04/27/205 94 665 5,00,950.00 5,000,000.00 5,000,000.00 334G84L0 5979 FHLMC 5,000,000.00.050 05/25/208 /25/205 92 875 4,965,050.00 5,000,000.00 5,000,000.00 334G8EL9 6006 FHLMC 5,000,000.00.40 03/29/209 2/29/205,86,83 4,99,250.00 5,000,000.00 5,000,000.00 335G0SH7 5654 FNMA 0,000,000.00.000 2/2/207 2/2/202,826 7 0,00,600.00 0,000,000.00 0,000,000.00 Portfolio SB99 AP Run : 0/20/206-2:33 PM (PRF_PMS) 7.2.5

County Pool 205-206 Portfolio Management Investment Status Report - Investments December 3, 205 Page 6 CUSIP Investment # Issuer Federal Agency Coupon - ables Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 335G0TV5 5677 FNMA 5,000,000.00.030 0/30/208 0/30/203,826 760 4,976,00.00 4,998,750.00 4,999,479.86 335G0UE 5685 FNMA 5,000,000.00.000 02/4/208 02/4/203,826 775 4,974,350.00 4,993,750.00 4,997,350.69 336G0K83 5689 FNMA 9,550,000.00.20 03/27/208 03/27/203,826 86 9,472,454.00 9,546,80.00 9,548,289.49 335G0UN 5798 FNMA 5,000,000.00.50 02/28/208 02/3/204,476 789 4,986,950.00 Received 4,95,000.00 4,973,832.99 336G2R33 600 FNMA 5,895,000.00.050 0/29/208 2/23/205,04,032 5,845,00.40 9,284.63 5,852,26.25 5,852,594.50 Federal Agency Coupon - ables Totals 26,45,000.00,424 692 25,805,57.90 9,479.07 26,030,066.25 26,068,320.42 Investment Totals,265,008,456.00 570 329,26,870,992.90 358,743.37,262,977,276.26,263,398,06.2 Portfolio SB99 AP Run : 0/20/206-2:33 PM (PRF_PMS) 7.2.5

Treasurer's Investment Pool Purchases Report Sorted by Fund - Fund October, 205 - December 3, 205 Santa Barbara County CUSIP Investment # Fund Sec. Type Issuer Treasurer's Pooled Investments 92828TG5 5948 3332A75 5949 AFD FCDN 3332J35 5952 AFD FCDN 3332H78 5950 AFD FFCBDN 33384H77 5953 AFD FHLBDN 33588B46 5954 AFD FNMA 33588ZJ7 5955 AFD FNMA 3332F62 5957 AFD FCDN 92828UR9 5956 92828L8 5958 3332ZX 5959 AFD FCDN 3332J43 5960 AFD FCDN 92828TS9 596 92828TG5 5962 3332ZW3 5963 AFD FFCBDN 92828TC4 5964 92828TR 5965 92828TH3 5966 92828J35 5967 92828L40 5968 92828XK 5969 33384M89 5970 AFD FHDN 337EADK2 597 FAC FHLMC 92828XA3 5972 92828SD3 5973 92828SH4 5974 33380EC7 5975 FAC FHLB 92828SX9 5976 92828K66 5977 92828VE7 5978 3332E22 5980 AFD FCDN 334G84L0 5979 MC FHLMC Original Par Value Purchase Payment Periods Principal Purchased Accrued Interest Rate at at Purchase Purchase YTM Ending Book Value 5,000,000.00 0/02/205 0/3-07/3 4,99,992.9 4,279.89 0.500 07/3/207 0.588 4,993,083.07 0,000,000.00 0/05/205 08/04 - At 9,973,822.22 0.30 08/04/206 0.35 9,98,400.00 5,000,000.00 0/05/205 0/03 - At 4,98,800.00 0.360 0/03/206 0.366 4,986,200.00 5,000,000.00 0/05/205 09/29 - At 4,982,000.00 0.360 09/29/206 0.366 4,986,400.00 5,000,000.00 0/06/205 09/29 - At 4,978,559.72 0.430 09/29/206 0.437 4,983,755.55 5,000,000.00 0/07/205 08/09 - At 4,988,487.50 0.270 08/09/206 0.274 4,99,72.50 5,000,000.00 0/07/205 07/4 - At 4,990,243.06 0.250 07/4/206 0.254 4,993,229.7 5,000,000.00 0/4/205 09/2 - At 4,984,227.78 0.340 09/2/206 0.346 4,987,958.34 5,000,000.00 0/4/205 02/29-08/3 4,999,28.75 4,532.97 0.750 02/28/208 0.757 4,999,289.85 5,000,000.00 0/5/205 04/5-0/5 4,992,968.75 0.875 0/5/208 0.923 4,993,469.5 5,000,000.00 0/9/205 07/27 - At 4,987,858.33 0.30 07/27/206 0.35 4,99,044.44 5,000,000.00 0/20/205 0/04 - At 4,982,03.89 0.370 0/04/206 0.376 4,985,765.28 5,000,000.00 0/2/205 03/3-09/30 4,999,609.38,793.03 0.625 09/30/207 0.629 4,999,648.99 5,000,000.00 0/2/205 0/3-07/3 4,993,64.06 5,570.65 0.500 07/3/207 0.577 4,993,922.44 5,000,000.00 0/23/205 07/26 - At 4,987,688.89 0.320 07/26/206 0.325 4,990,800.00 5,000,000.00 0/28/205 2/3-06/30 4,98,250.00 Received.000 06/30/209.04 4,982,58.84 5,000,000.00 0/28/205 03/3-09/30 4,964,843.75 3,825.4.000 09/30/209.84 4,966,438.42 5,000,000.00 0/28/205 0/3-07/3 4,950,78.25 0,580.84 0.875 07/3/209.43 4,953,3.04 5,000,000.00 0/29/205 02/29-08/3 4,997,656.25 4,052.20 0.500 02/28/207 0.535 4,997,963.63 5,000,000.00 0/30/205 03/5-09/5 4,998,437.50 6,8.32.000 09/5/208.0 4,998,53.6 5,000,000.00 0/30/205 0/5-07/5 4,987,500.00 2,720.79 0.875 07/5/208 0.969 4,988,296.26 5,000,000.00 /02/205 /0 - At 4,979,722.22 0.400 /0/206 0.408 4,983,055.55 5,000,000.00 /06/205 02/0-08/0 4,960,300.00 6,493.06.250 08/0/209.469 4,96,923.42 5,000,000.00 /0/205 /5-05/5 4,985,56.25 Received.000 05/5/208.20 4,985,997.99 5,000,000.00 /0/205 0/3-07/3 4,985,937.50 7,323.37.250 0/3/209.339 4,986,558.26 5,000,000.00 /0/205 02/29-08/3 4,999,609.38 3,40.03.375 02/28/209.377 4,999,626.22 5,000,000.00 /2/205 03/08-09/08 4,988,500.00 6,666.67 0.750 09/08/207 0.877 4,989,358.99 5,000,000.00 /20/205 /30-05/3 4,962,500.00 Received.25 05/3/209.343 4,963,722.83 5,000,000.00 /20/205 04/30-0/3 4,980,859.38,373.63 0.500 04/30/207 0.767 4,982,384.82 0,000,000.00 /20/205 /30-05/3 9,978,25.00 Received.000 05/3/208.088 9,979,20.40 7,000,000.00 /25/205 08/3 - At 6,972,777.78 0.500 08/3/206 0.508 6,976,375.00 5,000,000.00 /25/205 05/25 - /25 5,000,000.00.050 05/25/208.050 5,000,000.00 Received = Accrued Interest at Purchase was received by report ending date. Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 PU (PRF_PU) 7.. Report Ver. 7.3.

Treasurer's Investment Pool Purchases Report October, 205 - December 3, 205 Page 2 CUSIP Investment # Fund Sec. Type Issuer Treasurer's Pooled Investments 33384Q44 598 AFD FHDN 92828XP0 5982 337EADK2 5984 FAC FHLMC 92828TN0 5983 3332R69 5985 AFD FCDN 92828WH9 5986 33384WM7 5987 AFD FHDN 33384SF7 5988 AFD FHDN 33384TZ2 5989 AFD FHDN 33384XE4 5990 AFD FHDN 33384XF 5993 AFD FHDN 33384XH7 5994 AFD FHDN 33384XQ7 5995 AFD FHDN 33396WC3 599 AFD FMCDN 33396WE9 5992 AFD FMCDN 33396ZH9 5996 AFD FMCDN 333EFSH 5998 FAC FFCB 337EADX4 5997 FAC FHLMC 3332F62 5999 AFD FCDN 33384T33 6000 AFD FHDN 33588D36 6003 AFD FNDN 336G2R33 600 MC FNMA 33588C94 6002 AFD FNMA 330A6UX3 6004 FAC FHLB 330A6VB0 6005 MC FHLB 330A6V79 6008 MC FHLB 334G8EL9 6006 MC FHLMC 92828UJ7 6007 92828H78 6009 330A5EP0 600 FAC FHLB 33379DD8 605 FAC FHLB 330A62S5 606 FAC FHLB 337EADJ5 607 FAC FHLMC 92828WP 60 92828WT3 602 92828D98 603 Original Par Value Purchase Payment Periods Principal Purchased Accrued Interest Rate at at Purchase Purchase YTM Ending Book Value 5,000,000.00 /30/205 /2 - At 4,967,770.83 0.650 /2/206 0.662 4,970,659.72 0,000,000.00 /30/205 0/3-07/3 9,964,062.50 20,720. 0.625 07/3/207 0.842 9,965,950.84 5,000,000.00 2/0/205 02/0-08/0 4,952,850.00 20,833.33.250 08/0/209.55 4,953,92.59 5,000,000.00 2/0/205 02/29-08/3 4,920,32.50 2,637.36.000 08/3/209.438 4,922,6.96 5,000,000.00 2/02/205 2/0 - At 4,966,034.72 0.670 2/0/206 0.685 4,968,826.39 5,000,000.00 2/04/205 05/5 - /5 4,999,28.75 2,283.65 0.875 05/5/207 0.886 4,999,260.8 5,000,000.00 2/08/205 05/06 - At 4,989,66.67 0.520 05/06/206 0.528 4,990,900.00 7,500,000.00 2/09/205 0/25 - At 7,496,964.58 0.30 0/25/206 0.34 7,498,450.00 5,000,000.00 2/09/205 03/07 - At 4,994,252.08 0.465 03/07/206 0.472 4,995,737.50 5,000,000.00 2/0/205 05/23 - At 4,987,395.83 0.550 05/23/206 0.559 4,989,076.39 5,000,000.00 2//205 05/24 - At 4,987,395.83 0.550 05/24/206 0.559 4,989,000.00 5,000,000.00 2//205 05/26 - At 4,987,243.06 0.550 05/26/206 0.559 4,988,847.23 5,000,000.00 2//205 06/02 - At 4,986,708.33 0.550 06/02/206 0.559 4,988,32.50 5,000,000.00 2//205 04/27 - At 4,990,225.00 0.50 04/27/206 0.58 4,99,72.50 5,000,000.00 2//205 04/29 - At 4,990,083.33 0.50 04/29/206 0.58 4,99,570.83 5,000,000.00 2//205 07/3 - At 4,983,277.78 0.560 07/3/206 0.569 4,984,9. 5,000,000.00 2/4/205 06/4-2/4 4,998,650.00.70 06/4/208.8 4,998,675.50 5,000,000.00 2/4/205 06/5-2/5 4,998,500.00 46.67.000 2/5/207.05 4,998,535.37 5,000,000.00 2/5/205 09/2 - At 4,973,555.56 0.700 09/2/206 0.73 4,975,208.34 5,000,000.00 2/6/205 2/4 - At 4,959,555.56 0.800 2/4/206 0.86 4,96,333.34 5,000,000.00 2/23/205 08/24 - At 4,979,923.6 0.590 08/24/206 0.600 4,980,66. 5,895,000.00 2/23/205 04/29-0/29 5,852,26.25 9,284.63.050 0/29/208.30 5,852,594.50 5,000,000.00 2/23/205 08/22 - At 4,980,087.50 0.590 08/22/206 0.600 4,980,825.00 5,000,000.00 2/28/205 06/28-2/28 5,000,000.00.500 06/28/209.500 5,000,000.00 5,000,000.00 2/29/205 06/29-2/29 5,000,000.00.250 06/29/208.250 5,000,000.00 5,000,000.00 2/29/205 06/28-2/28 5,000,000.00 94.44.400 2/28/208.400 5,000,000.00 5,000,000.00 2/29/205 03/29-09/29 5,000,000.00.40 03/29/209.40 5,000,000.00 0,000,000.00 2/29/205 0/3-07/3 9,953,906.25 35,903.53 0.875 0/3/208.099 9,954,087.25 0,000,000.00 2/29/205 0/3-07/3 9,968,750.00 20,56.30 0.500 0/3/207 0.789 9,968,984.96 5,000,000.00 2/30/205 05/30 - /30 4,974,000.00 2,604.7 0.625 05/30/207 0.995 4,974,050.98 0,000,000.00 2/30/205 06/2-2/2 9,995,400.00 2,500.00.000 06/2/207.03 9,995,408.66 0,000,000.00 2/30/205 02/28-08/28 9,947,000.00 25,46.67 0.750 08/28/207.073 9,947,088.63 0,000,000.00 2/30/205 0/28-07/28 9,992,800.00 42,222.22.000 07/28/207.046 9,992,82.68 0,000,000.00 2/30/205 06/5-2/5 9,989,062.50 3,586.07 0.875 06/5/207 0.95 9,989,03.54 5,000,000.00 2/30/205 0/5-07/5 4,99,60.56 9,972.83 0.875 07/5/207 0.985 4,99,63.39 5,000,000.00 2/30/205 03/5-09/5 4,997,265.63 4,560.44.000 09/5/207.032 4,997,274.38 Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 PU (PRF_PU) 7.. Report Ver. 7.3.

Treasurer's Investment Pool Purchases Report October, 205 - December 3, 205 Page 3 CUSIP Investment # Fund Sec. Type Issuer Treasurer's Pooled Investments 92828D49 604 Original Par Value Purchase Payment Periods Principal Purchased Accrued Interest Rate at at Purchase Purchase YTM Ending Book Value 5,000,000.00 2/30/205 02/5-08/5 4,989,453.3 6,287.36 0.875 08/5/207.006 4,989,488.64 Subtotal 395,395,000.00 394,92,345.2 358,743.37 394,289,32.62 Total Purchases 395,395,000.00 394,92,345.2 358,743.37 394,289,32.62 Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 PU (PRF_PU) 7.. Report Ver. 7.3.

Treasurer's Investment Pool Report Sorted by Received or due during October, 205 - December 3, 205 Santa Barbara County Sec. CUSIP Investment # Fund Type Issuer 330A4SQ6 33384NG0 33384NQ8 33384NW5 33380L96 335G0SB0 5904 596 590 597 5592 5633 Par Value Purchase Rate at Book Value at Interest Proceeds FAC FHLB 5,000,000.00 0/02/205 04/02/205 0.50 5,000,000.00 3,750.00 5,003,750.00 3,750.00 AFD FHDN 5,000,000.00 0/22/205 04/28/205 0.095 5,000,000.00 0.00 5,000,000.00 0.00 AFD FHDN 5,000,000.00 0/30/205 04/24/205 0.080 5,000,000.00 0.00 5,000,000.00 0.00 AFD FHDN,000,000.00 /05/205 04/28/205 0.40,000,000.00 0.00,000,000.00 0.00 FAC FHLB 5,000,000.00 /20/205 08/23/202 0.500 5,000,000.00 2,500.00 5,02,500.00 2,500.00 FAC FNMA 0,000,000.00 2/2/205 /6/202 0.375 0,000,000.00 8,750.00 0,08,750.00 8,750.00 Total Maturities 3,000,000.00 3,000,000.00 35,000.00 3,035,000.00 35,000.00 Net Income Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 MA (PRF_MA) 7.. Report Ver. 7.3.

Treasurer's Investment Pool Sales/ Report Sorted by - Fund October, 205 - December 3, 205 Santa Barbara County CUSIP Investment # 08/26/206 Fund Issuer Purchase Redem. Sec. Type Matur. Par Value Rate at Redem. Book Value at Redem. Redemption Principal Redemption Interest Total Amount Net Income 333EC3F9 5640 FFCB /26/202 0/22/205 5,000,000.00 0.550 4,997,97.04 5,000,000.00 4,277.78 5,004,277.78 6,360.74 MC 08/26/206 0/7/206 Subtotal 5,000,000.00 4,997,97.04 5,000,000.00 4,277.78 5,004,277.78 6,360.74 333EDJU7 585 FFCB 04/7/204 0/09/205 2,500,000.00 0.670 2,500,000.00 2,500,000.00 8,002.78 2,508,002.78 8,002.78 MC 0/7/206 0/24/206 Subtotal 2,500,000.00 2,500,000.00 2,500,000.00 8,002.78 2,508,002.78 8,002.78 333EA5V6 5620 FFCB 0/24/202 0/09/205 5,000,000.00 0.620 5,000,000.00 5,000,000.00 4,208.33 5,04,208.33 4,208.33 MC 0/24/206 333EA5V6 562 FFCB 0/24/202 0/09/205 5,000,000.00 0.620 4,998,046.88 5,000,000.00 4,208.33 5,04,208.33 6,6.45 MC 0/24/206 /29/206 Subtotal 0,000,000.00 9,998,046.88 0,000,000.00 28,46.66 0,028,46.66 30,369.78 333EC5B6 5644 FFCB /29/202 0/26/205 5,000,000.00 0.640 4,998,294.27 5,000,000.00 3,066.67 5,03,066.67 4,772.40 MC /29/206 04/03/207 Subtotal 5,000,000.00 4,998,294.27 5,000,000.00 3,066.67 5,03,066.67 4,772.40 333ECKL7 5697 FFCB 04/03/203 0/2/205 5,000,000.00 0.780 5,000,000.00 5,000,000.00,950.00 5,00,950.00,950.00 MC 04/03/207 04/28/207 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00,950.00 5,00,950.00,950.00 330A4VL3 594 FHLB 04/28/205 0/28/205 5,000,000.00 0.400 V 5,000,000.00 5,000,000.00 0,000.00 5,00,000.00 0,000.00 MC 04/28/207 09/8/207 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 0,000.00 5,00,000.00 0,000.00 33380MF 5606 FHLB 09/8/202 0/02/205,79,999.53.000,79,906.96,79,999.53 458.89,80,458.42 55.46 MC 09/8/207 33380MF 5606 FHLB 09/8/202 0/4/205 5,900,000.47.000 5,899,545.5 5,900,000.47 4,26. 5,904,26.58 4,76.07 MC 09/8/207 V - Security with variable rate change. Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 SA (PRF_SA) 7.. Report Ver. 7.3.

Treasurer's Investment Pool Sales/ Report October, 205 - December 3, 205 Page 2 CUSIP Investment # Fund Issuer Purchase Redem. Sec. Type Matur. Par Value Rate at Redem. Book Value at Redem. Redemption Principal Redemption Interest Total Amount Net Income /08/207 Subtotal 7,080,000.00 7,079,452.47 7,080,000.00 4,720.00 7,084,720.00 5,267.53 335G0QW6 5629 FNMA /08/202 /08/205 5,000,000.00.000 5,000,000.00 5,000,000.00 25,000.00 5,025,000.00 25,000.00 MC /08/207 /09/207 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 25,000.00 5,025,000.00 25,000.00 33383R4 566 FHLB 2/9/202 0/09/205 0,000,000.00.000 9,998,72.59 0,000,000.00 4,666.67 0,04,666.67 42,945.08 MC /09/207 2/8/207 Subtotal 0,000,000.00 9,998,72.59 0,000,000.00 4,666.67 0,04,666.67 42,945.08 330A0F54 5770 FHLB 2/8/203 2/8/205 5,000,000.00.250 5,000,000.00 5,000,000.00 3,250.00 5,03,250.00 3,250.00 MC 2/8/207 0//208 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 3,250.00 5,03,250.00 3,250.00 334G33B4 5670 FHLMC 0//203 0//205 5,000,000.00.000 4,998,875.00 5,000,000.00 2,500.00 5,02,500.00 3,625.00 MC 0//208 0/6/208 Subtotal 5,000,000.00 4,998,875.00 5,000,000.00 2,500.00 5,02,500.00 3,625.00 334G33M0 567 FHLMC 0/6/203 0/6/205 0,000,000.00.050 0,000,000.00 0,000,000.00 26,250.00 0,026,250.00 26,250.00 MC 0/6/208 04/04/208 Subtotal 0,000,000.00 0,000,000.00 0,000,000.00 26,250.00 0,026,250.00 26,250.00 336GHU6 5698 FNMA 04/04/203 0/04/205 5,000,000.00.200 5,000,000.00 5,000,000.00 30,000.00 5,030,000.00 30,000.00 MC 04/04/208 04/7/208 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 30,000.00 5,030,000.00 30,000.00 334G37C8 5707 FHLMC 04/7/203 0/7/205 7,275,000.00.00 7,275,000.00 7,275,000.00 40,02.50 7,35,02.50 40,02.50 MC 04/7/208 04/20/208 Subtotal 7,275,000.00 7,275,000.00 7,275,000.00 40,02.50 7,35,02.50 40,02.50 334G6TQ6 5905 FHLMC 04/20/205 0/20/205 5,000,000.00.250 5,000,000.00 5,000,000.00 3,250.00 5,03,250.00 3,250.00 MC 04/20/208 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 3,250.00 5,03,250.00 3,250.00 Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 SA (PRF_SA) 7.. Report Ver. 7.3.

Treasurer's Investment Pool Sales/ Report October, 205 - December 3, 205 Page 3 CUSIP Investment # 05/24/208 Fund Issuer Purchase Redem. Sec. Type Matur. Par Value Rate at Redem. Book Value at Redem. Redemption Principal Redemption Interest Total Amount Net Income 333836L0 573 FHLB 05/28/203 0/24/205 5,000,000.00.200 5,000,000.00 5,000,000.00 25,000.00 5,025,000.00 25,000.00 MC 05/24/208 06/04/208 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 25,000.00 5,025,000.00 25,000.00 333ECQW7 574 FFCB 06/04/203 0/3/205 5,000,000.00.250 4,995,64.25 5,000,000.00 22,395.83 5,022,395.83 26,754.58 MC 06/04/208 0/30/209 Subtotal 5,000,000.00 4,995,64.25 5,000,000.00 22,395.83 5,022,395.83 26,754.58 336G2CY 5882 FNMA 0/30/205 0/30/205 5,000,000.00.000 V 5,000,000.00 5,000,000.00 2,500.00 5,02,500.00 2,500.00 MC 0/30/209 /2/209 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 2,500.00 5,02,500.00 2,500.00 330A4JT0 5899 FHLB 03/2/205 /2/205 0,000,000.00 0.500 V 0,000,000.00 0,000,000.00 33,333.33 0,033,333.33 33,333.33 MC /2/209 02/27/2020 Subtotal 0,000,000.00 0,000,000.00 0,000,000.00 33,333.33 0,033,333.33 33,333.33 335G0C84 5887 FNMA 02/27/205 /27/205 5,000,000.00 2.000 5,000,000.00 5,000,000.00 25,000.00 5,025,000.00 25,000.00 MC 02/27/2020 Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 25,000.00 5,025,000.00 25,000.00 Total Sales 2,855,000.00 2,84,948.50 2,855,000.00 426,592.22 22,28,592.22 439,643.72 V - Security with variable rate change. Data Updated: SET_: 0/20/206 2:24 Portfolio SB99 AP Run : 0/20/206-2:24 SA (PRF_SA) 7.. Report Ver. 7.3.