EXHIBIT 3-A
MONTEREY PENINSULA WATER MANAGEMENT DISTRICT
INVESTMENT REPORT AS OF JUNE 30, 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	06/30/05	07/01/05	$105,393	$105,393	$105,393	2.85%	3.28%
	Bank of America							9.95%
Cash	Money Market	06/30/05	07/01/05	$294,321	$294,321	$294,321	1.80%
	Checking	06/30/05	07/01/05	25,482	25,482	25,482	0.00%
				$319,803	$319,803	$319,803	1.66%
	Wells Capital Management							86.78%
	Federal Home Loan Bank	10/27/04	08/15/05	$101,483	$100,000	$99,969	2.78%
	Federal Home Loan Bank	12/02/04	03/15/06	149,929	150,000	148,734	2.96%
	Federal Home Loan Bank	04/02/04	08/26/05	249,983	250,000	249,220	1.50%
	Federal Farm Credit Bank	12/01/04	11/18/05	145,996	150,000	148,005	2.82%
V. Liquid Assets	Barclays Sec Agency Repo	06/30/05	07/01/05	600,000	600,000	600,000	3.34%
	First Boston Agency Repo	06/30/05	07/01/05	800,000	800,000	800,000	3.35%
	Morgan Stanley Repo	06/30/05	07/01/05	717,000	717,000	717,000	3.42%
	Secured Money Market	06/30/05	07/01/05	27,492	27,492	27,492	2.23%
				$2,791,883	$2,794,492	$2,790,420	3.12%
								investrpt4thqtr0405
TOTAL MPWMD				$3,217,079	$3,219,688	$3,215,616	2.97%	8/26/2005