| EXHIBIT 7-A | ||||||||
| MONTEREY PENINSULA WATER MANAGEMENT DISTRICT | ||||||||
| INVESTMENT REPORT AS OF DECEMBER 31, 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 | 42.22% | |||||||
| O&M Reserve | Sonoma Cnty CA Ctfs Partn | 10/01/03 | 11/15/17 | $25,000 | $25,000 | $24,894 | 4.02% | |
| CA Hsg Fin Agy Rev | 11/28/01 | 08/01/10 | 51,779 | 50,000 | 53,153 | 4.33% | ||
| CA ST Univ Rev | 01/22/03 | 11/01/11 | 49,994 | 50,000 | 50,724 | 3.25% | ||
| CA Hsg Fin Agy Rev | 05/30/01 | 02/01/10 | 50,026 | 50,000 | 53,076 | 4.33% | ||
| San Jose Ca Red Agy | 06/03/02 | 08/01/10 | 21,726 | 20,000 | 22,161 | 4.51% | ||
| Abag Fin Auth CA non profit corp | 06/03/02 | 04/01/12 | 51,603 | 50,000 | 51,867 | 4.43% | ||
| Lancaster CA Hsng Auth | 06/04/02 | 04/01/14 | 20,592 | 20,000 | 20,986 | 4.57% | ||
| Money Market Fund | 12/31/03 | 01/01/04 | 22,224 | 22,224 | 22,224 | 0.49% | ||
| R&R Reserve | Federal Home Loan Mortgage | 04/19/02 | 10/15/12 | 15,038 | 15,000 | 14,760 | 4.57% | |
| Federal Home Loan Mortgage | 08/23/02 | 09/13/07 | 65,000 | 65,000 | 66,341 | 3.92% | ||
| Federal National Mortgage | 10/30/03 | 01/25/13 | 50,722 | 50,000 | 47,598 | 5.48% | ||
| General Motors Accept Corp | 12/03/01 | 08/15/06 | 24,558 | 25,000 | 25,920 | 5.30% | ||
| Oceanside CA Ctfs Partn | 10/08/03 | 01/01/04 | 66,428 | 60,000 | 64,675 | 3.71% | ||
| Money Market Fund | 12/31/03 | 01/01/04 | 5,405 | 5,405 | 5,405 | 0.49% | ||
| $520,095 | $507,629 | $523,784 | 4.07% | |||||
| US Bank Corp Trust Services | 7.06% | |||||||
| Trustee Held Funds | Acquisition Fund | 12/31/03 | 01/01/04 | $54,220 | $54,220 | $54,220 | 0.64% | |
| Certificate Payment Fund | 12/31/03 | 01/01/04 | 2,156 | 2,156 | 2,156 | 0.42% | ||
| Interest Fund | 12/31/03 | 01/01/04 | 31,173 | 31,173 | 31,173 | 0.00% | ||
| Rebate Fund | 12/31/03 | 01/01/04 | 16 | 16 | 16 | 0.00% | ||
| $87,565 | $87,565 | $87,565 | 0.41% | |||||
| Bank of America | 50.72% | |||||||
| Cash | Money Market Fund | 12/31/03 | 01/01/04 | $629,279 | $629,279 | $629,279 | 1.00% | |
| TOTAL RECLAMATION | $1,236,939 | $1,224,473 | $1,240,628 | 2.25% | ||||
| 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 | ||||||||
| u/staff/word/boardpacket/2004/2004boardpacket/20040315/ConsentCalendar/7/item7_exh7a.xls | ||||||||