MONTEREY PENINSULA WATER MANAGEMENT DISTRICT
INVESTMENT REPORT AS OF JUNE 30, 2003
WASTEWATER RECLAMATION PROJECT
Fund	Issuing Institution	Purchase	Maturity				Annual Rate	Portfolio
Description	Security Description	Date	Date	Cost Basis	Par Value	Market Value	of Return	Distribution
	Prudential Securities							51.93%
O&M Reserve	Merced CA Pub Fin Auth	06/04/02	10/01/03	$26,509	$25,000	$25,714	4.62%
	CA Hsg Fin Agy Rev	11/28/01	08/01/10	51,779	50,000	53,389	4.31%
	CA ST Univ Rev	01/22/03	11/01/11	49,994	50,000	50,765	3.25%
	CA Hsg Fin Agy Rev	05/30/01	02/01/10	50,026	50,000	53,282	4.32%
	San Jose Ca Red Agy	06/03/02	08/01/10	21,726	20,000	22,326	4.48%
	Abag Fin Auth CA non profit corp	06/03/02	04/01/12	51,603	50,000	52,269	4.40%
	Lancaster CA Hsng Auth	06/04/02	04/01/14	20,592	20,000	21,051	4.56%
	Money Market Fund	06/30/03	07/01/03	15,834	15,834	15,834	0.39%
R&R Reserve	Federal Farm Credit Bank	10/17/02	10/22/07	50,000	50,000	50,375	3.92%
	Federal Home Loan Mortgage	08/23/02	09/13/07	65,000	65,000	66,808	3.89%
	Federal National Mortgage	04/19/02	10/15/12	15,038	15,000	15,318	4.41%
	General Motors Accept Corp	12/03/01	08/15/06	24,558	25,000	25,613	5.37%
	Money Market Fund	06/30/03	07/01/03	66,190	66,190	66,190	0.58%
				$508,849	$502,024	$518,934	3.60%
	US Bank Corp Trust Services							5.63%
Trustee Held Funds	Acquisition Fund	06/30/03	07/01/03	$54,033	$54,033	$54,033	0.91%
	Certificate Payment Fund	06/30/03	07/01/03	2,151	2,151	2,151	0.51%
	Interest Fund	06/30/03	07/01/03	52	52	52	0.00%
	Rebate Fund	06/30/03	07/01/03	16	16	16	0.00%
				$56,252	$56,252	$56,252	0.89%
	Bank of America							42.44%
Cash	Money Market Fund	06/30/03	07/01/03	$424,142	$424,142	$424,142	1.13%
TOTAL RECLAMATION				$989,243	$982,418	$999,328	2.39%
These investments include sufficient liquid funds to meet anticipated expenditures
for the next six months as reflected in the annual budget adopted June 16, 2003