EXHIBIT 7-A
MONTEREY PENINSULA WATER MANAGEMENT DISTRICT
INVESTMENT REPORT AS OF MARCH 31, 2005
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	03/31/05	04/01/05	$104,779	$104,779	$104,779	2.38%	3.26%
	Bank of America							10.36%
Cash	Money Market	03/31/05	04/01/05	$257,957	$257,957	$257,957	1.55%
	Checking	03/31/05	04/01/05	74,506	74,506	74,506	0.00%
				$332,463	$332,463	$332,463	1.20%
	Wells Capital Management							86.38%
	Federal Home Loan Bank	10/27/04	08/15/05	$101,483	$100,000	$100,063	2.78%
	Federal Home Loan Bank	12/02/04	03/15/06	149,929	150,000	148,313	2.96%
	Federal Home Loan Bank	04/27/04	04/15/05	300,051	300,000	299,814	1.61%
	Federal Home Loan Bank	04/02/04	08/26/05	249,983	250,000	248,515	1.50%
	Federal Farm Credit Bank	12/01/04	11/18/05	145,996	150,000	146,790	2.82%
	Federal Home Ln Mtg Corp	11/16/04	05/10/05	395,294	400,000	398,800	2.48%
	Federal Natl Mtg Assn	12/15/04	06/01/05	345,851	350,000	348,320	2.61%
	Federal Natl Mtg Assn	12/15/04	04/08/05	297,692	300,000	299,850	2.48%
V. Liquid Assets	Barclays Sec Agency Repo	03/31/05	04/01/05	200,000	200,000	200,000	2.84%
	Morgan Stanley Repo	03/31/05	04/01/05	292,000	292,000	292,000	2.88%
	Secured Money Market	03/31/05	04/01/05	290,468	290,468	290,468	1.90%
				$2,768,747	$2,782,468	$2,772,933	2.38%
TOTAL MPWMD				$3,205,989	$3,219,710	$3,210,175	2.25%