EXHIBIT 3-A
MONTEREY PENINSULA WATER MANAGEMENT DISTRICT
INVESTMENT REPORT AS OF MARCH 31, 2006
MPWMD FUNDS
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	03/31/06	04/01/06	$312,725	$312,725	$312,725	4.03%	15.19%
	Bank of America							12.00%
Cash	Money Market	03/31/06	04/01/06	$223,401	$223,401	$223,401	2.34%
	Checking	03/31/06	04/01/06	23,486	23,486	23,486	0.00%
				$246,887	$246,887	$246,887	2.12%
	Wells Capital Management							72.81%
V. Liquid Assets	Barclays Sec Agency Repo	03/31/06	04/01/06	575,000	575,000	575,000	4.77%
	Morgan Stanley Repo	03/31/06	04/01/06	717,000	717,000	717,000	4.83%
	Secured Money Market	03/31/06	04/01/06	206,505	206,505	206,505	3.87%
				$1,498,505	$1,498,505	$1,498,505	4.67%
								investrpt3rdqtr0506
TOTAL MPWMD				$2,058,118	$2,058,118	$2,058,118	4.27%	4/26/2006