EXHIBIT 7-A
MONTEREY PENINSULA WATER MANAGEMENT DISTRICT
INVESTMENT REPORT AS OF JUNE 30, 2004
MPWMD
Fund	Issuing Institution	Purchase	Maturity				Annual Rate	Portfolio
Description	Security Description	Date	Date	Cost Basis	Par Value	Market Value	of Return	Distribution
Liquid	Local Agency Investment Fund	06/30/04	07/01/04	$402,508	$402,508	$402,508	1.44%	11.42%
	Bank of America							2.94%
Cash	Money Market	06/30/04	07/01/04	$180,900	$180,900	$180,900	0.98%
	Checking	06/30/04	07/01/04	(77,411)	(77,411)	(77,411)	0.00%
				$103,489	$103,489	$103,489	1.71%
	Wells Capital Management							85.64%
	Fed Home Ln Bk	03/03/04	11/15/04	$357,180	$350,000	$353,063	1.17%
	Fed Home Ln Bk	06/22/04	11/15/04	100,956	100,000	100,875	1.69%
	Fed Home Ln Bk	04/23/04	12/15/04	355,782	350,000	353,609	1.29%
	Fed Home Ln Bk	12/15/03	01/14/05	257,280	250,000	253,203	1.40%
	Fed Home Ln Bk	04/27/04	04/15/05	300,051	300,000	299,064	1.61%
	Fed Home Ln Bk	06/17/04	03/15/05	249,982	250,000	249,948	1.44%
	Fed Home Ln Bk	04/02/04	08/26/05	249,983	250,000	247,500	1.50%
	Fed Natl Mtg Assn	05/17/04	02/15/05	519,810	500,000	516,250	1.74%
	Fed Natl Mtg Assn	12/04/03	12/15/04	301,089	300,000	300,375	1.52%
	Fed Natl Mtg Assn	06/15/04	12/01/04	247,946	250,000	248,200	1.79%
V. Liquid Assets	Secured Money Market	06/30/04	07/01/04	95,639	95,639	95,639	0.42%
				$3,035,698	$2,995,639	$3,017,726	1.47%
								investrpt4qtr0304
TOTAL MPWMD				$3,541,695	$3,501,636	$3,523,723	1.48%	7/27/2004