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<br />..'Ji:::J.'......'"' Ii CHANDLER
<br />..{ A1 ASSET
<br />QffIj MANAGEMENT
<br />
<br />r ..........___ ____
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<br />
<br />Portfolio Characteristics
<br />
<br />12/31/2006
<br />
<br />9/30/2006
<br />
<br />LAIF - City Pool
<br />LAIF - Redevelopment Agency
<br />LAIF - RDA 1993A Bond Proceeds
<br />LAIF - RDA 2004 Bond Proceeds
<br />
<br />$27,694,991
<br />4,144,515
<br />36,257
<br />1,967,155
<br />316,546
<br />4,394,504
<br />$38,553,969
<br />
<br />Managed Pool Accounts
<br />Passbook/Checking Accounts
<br />TotalLAIF and Bank Accounts
<br />
<br />Investment Portfolio Market Value
<br />Total Market Value
<br />
<br />$42,212,690
<br />$80,766,659
<br />
<br />$22,384,870
<br />4,167,313
<br />35,813
<br />2,114,564
<br />312,452
<br />3,197,922
<br />$32,212,934
<br />
<br />$43,215,592
<br />$75,428,526
<br />
<br />511%
<br />
<br />4.93%
<br />
<br />LAIF Quarterly Apportionment Rate
<br />2 year US Treasury Yield to Maturity
<br />5 year US Treasury Yield to Maturity
<br />Investment Portfolio:
<br />
<br />481%
<br />
<br />4.69%
<br />
<br />Average Maturity (yrs)
<br />Modified Duration
<br />Average Book Yield
<br />Average Yield to Maturity at Market
<br />Average Quality
<br />
<br />1.40
<br />1.30
<br />
<br />407%
<br />5.09%
<br />
<br />AAA
<br />
<br />Portfolio Activity
<br />
<br />4.68%
<br />4.58%
<br />
<br />1.49
<br />1.39
<br />
<br />3.90%
<br />
<br />504%
<br />
<br />AAA
<br />
<br />During the fourth quarter of 2006, activity in the portfolio managed by Chandler Asset
<br />Management was primarily influenced by the withdrawal of $1.5 million for the City's liquidity
<br />needs. Other activity consisted of the re-investment of a maturing security balances into
<br />Corporate and Agency securities maturing between June 2008 and August 2009. The
<br />portfolio sector allocation was slightly changed as the sector holdings were 73.1 % Agencies,
<br />16.9% Treasuries, and 99% Corporates Currently the City's portfolio duration is about 79%
<br />of the 1-3 Year Government benchmark.
<br />
<br />5
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