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<br />City of San Leandro
<br />December 31,2006
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<br />Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy
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<br />Category Standard Comment
<br />Treasurv Issues No limitations Complies
<br />AQencvlssues No limitations Complies
<br />Banker's Acceptances 40% maximum; 30% per issuer; A-rated; 180-day Complies
<br /> max, maturity
<br />Commercial Paper 15% maximum; 10% per issuer; 270-day max. Complies
<br /> maturity; A 1/P 1 and M-rated if L T debt
<br />Neaotiable Certificates of Deposit 30% maximum; 10% per issuer; M-rated Complies
<br />Medium Terms Notes 10% maximum; M-rated Complies
<br />Money Market Funds AAAlAaa rated; assets greater than $500MM; Complies
<br /> 20% maximum
<br />LAIF Currently not used bv adviser Complies
<br />Maximum Maturitv 5 years Complies
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<br />City of San Leandro
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<br />The investment goals of the City of San Leandro are to preserve principal, to provide liquidity, and to attain a rate of return
<br />commensurate with the City's investment risk constraints and cash flow needs.
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<br />Investment Report
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<br />Performance Objectives
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<br />The performance objective for the City of San Leandro is to attain a rate of return greater than the benchmark of 1-3 year
<br />Treasury securities over a market cycle.
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<br />Strategy
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<br />In order to achieve these objectives, the City of San Leandro invests in US Treasury securities, federal agency securities,
<br />high quality money market instruments and high quality corporate medium term notes in accordance with the City's
<br />investment policy and California Government Code Section 53600 et seq
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