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<br />. _ . or <br /> <br />~.l CHANDLER <br />". =GEMENT <br /> <br />COMPLIANCE WITH INVESTMENT POLICY <br /> <br />City of San Leandro <br />March 31, 2007 <br /> <br />Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy. <br /> <br />Category Standard Comment <br /> <br />No limitations <br /> <br /> <br />Commercial Paper <br /> <br /> <br />Complies <br /> <br />Ne otiable Certificates of De osit <br />Medium Terms Notes <br />Money Market Funds <br /> <br />Com lies <br />Com lies <br />Complies <br /> <br />LAIF <br />Maximum Maturit <br /> <br />Com lies <br />Com lies <br /> <br />City of San Leandro <br /> <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. <br /> <br />Investment Report <br />Performance Objectives <br /> <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. <br /> <br />Strategy <br /> <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 Califomia Government Code Section 53600 et seq. <br /> <br />4 <br />