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HomeMy WebLinkAboutAgenda Pacekt - October 7, 2013 - CC APPROVED COUNCIL MEETING Date, �p(�(e?0l3 ©FGa 'QCIF(��� REPORTS, UPDATES, AND ANNOUNCEMENTS B-2 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: JAMES MAKSHANOFF, CITY MANAGER DATE: OCTOBER 7, 2013 SUBJECT: A RESOLUTION OPPOSING ANY BILLS OR MEASURES THAT WOULD WEAKEN THE MEDICAL INJURY COMPENSATION REFORM ACT (MICRA), INCREASE HEALTH CARE COSTS FOR STATE AND LOCAL GOVERNMENTS AND LIMIT PATIENT ACCESS TO HEALTH CARE SERVICES RECOMMENDATION It is recommended that the City Council approve a resolution opposing any bills or measures that would weaken the Medical Injury Compensation Reform Act (MICRA), increase health care costs for state and local governments and limit patient access to health care services. BACKGROUND The Medical Injury Compensation Reform Act(MICRA)was a statute enacted by the California Legislature and signed into law in 1975. MICRA was intended to lower medical malpractice liability insurance premiums for healthcare providers by decreasing their potential tort liability. Trial lawyers and their allies filed a November 2014 ballot measure to make it easier for lawyers to file meritless lawsuits against health care providers and to generate more legal fees for themselves. The initiative changes California's landmark MICRA to increase the cap on speculative,non-economic damages from the $250,000 to nearly $1.1 million. The measure will significantly increase health care costs for California's state and local governments by billions each year. As such, it is in the City of Azusa's best interest to oppose any bills or measures that would weaken MICRA. Attached is an informational flyer from Californian's Allied for Patient Protection (CAPP). FISCAL IMPACT There is no fiscal impact associated with adopting this resolution. Attachment: Resolution RESOLUTION NO. 13-C77 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA OPPOSING ANY BILLS OR MEASURES THAT WOULD WEAKEN THE MEDICAL INJURY COMPENSATION REFORM ACT(MICRA),INCREASE HEALTH CARE COSTS FOR STATE AND LOCAL GOVERNMENTS AND LIMIT PATIENT ACCESS TO HEALTH CARE SERVICES WHEREAS, California's Medical Injury Compensation Reform Act (MICRA) ensures injured patients receive fair compensation while also limiting frivolous and meritless lawsuits that increase costs for consumers, local governments and others; WHEREAS, the California Supreme Court upheld the MICRA law's constitutionality after many years of lawsuits by the trial lawyers, and WHEREAS,under MICRA,patients are awarded all economic damages, such as all past and future lost wages and all past and future medical bills, and unlimited punitive damages. MICRA also allows patients to recover up to $250,000 in non-economic damages. This reasonable $250,000 cap on non- economic damages allows legitimate medical liability cases to move forward,but provides a disincentive for lawyers to pursue meritless claims which waste health care dollars and drive up health care costs unnecessarily, and WHEREAS, trial lawyers and their allies are proposing quadrupling MICRA's non-economic damages cap to $1.1 million which will make it easier and more lucrative for lawyers to file meritless lawsuits against all health care providers, including state and local governments, and WHEREAS, state and local governments, including schools, cities, counties and special districts would all be negatively impacted by increasing MICRA's cap because of increased costs to provide health and dental benefits for current and retired employees,and increased costs for local governments that operate clinics, hospitals and other health services and provide health care for Californians through Medi-Cal and other state-sponsored programs, and WHEREAS,the state and local government costs associated with higher medical malpractice costs can amount to over one hundred million dollars annually, according to the Legislative Analyst's Office analysis of the trial lawyers' ballot measure, and WHEREAS, the potential increase in state and local government healthcare costs could reach hundreds of millions of dollars annually, according to the Legislative Analyst's Office, and WHEREAS, in addition to the cost impacts on state and local government budgets, this change to MICRA will also increase health care costs for everyone in California, and reduce or eliminate access to health care services for many California residents, and WHEREAS, by joining Californians Allied for Patient Protection, the City of Azusa would be joining other MICRA supporters including the California State Association of Counties, California Special Districts Association,California Association of Public Hospitals and Health Systems,and more than nearly 1,000 other organizations representing doctors, hospitals, nurses, community clinics, local governments, business and taxpayer groups, labor unions, EMTs,public safety, others, and WHEREAS,MICRA is a critical component of California's healthcare infrastructure and must be protected. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS: 1. That the City of Azusa would like to become an official, non dues paying member of Californians Allied for Patient Protection, a coalition which is dedicated to supporting MICRA; and 2. That the City of Azusa opposes attempts to increase MICRA's cap on non-economic damages through the legislature or at the ballot as these changes would increase health care costs and reduce patient access to care. PASSED, APPROVED and ADOPTED this 7th day of October, 2013. By://7-1,1 �1 //'w'!n eph Romero Rocha, Mayor I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Azusa at a regular meeting held on the 7th day of October, 2013, by the following vote of the Council: AYES: COUNCILMEMBERS: GONZALES, CARRILLO, ALVAREZ, ROCHA NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: MACIAS (-7o a e 'eff e� .= nce Cornejo, J,Ci, APPROVED COUNCIL MEETING Date, io (1 (a-O .4 of 1 zu5 CONSENT ITEM D-5 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ANN GRAF, DIRECTOR OF INFORMATION TECHNOLOGY AND LIBRARY SERVICES VIA: JAMES MAKSHANOFF CITY MANAGER DATE: OCTOBER 7, 2013 SUBJECT: APPROVAL OF GRANT FROM FEDERAL LIBRARY SERVICES AND TECHNOLOGY ACT(LSTA)FOR GRASS ROOTS ESL AND ASSOCIATED BUDGET AMENDMENTS RECOMMENDATION It is recommended that the City Council 1) approve acceptance of a grant award from the LSTA and 2) approve the budget amendments associated with this grant award. BACKGROUND Azusa City Library's Adult Literacy Program has been awarded$35,500 for the Grassroots ESL project. This program collaborates with community partner organizations to develop a community based English program to provide tutoring through volunteer ESL tutors. We will establish the infrastructure and systems needed to work together, recruit,train and provide support for volunteers to tutor English. The Library will develop a collection of ESL materials available for checkout to tutors and students, and will establish a"Citizenship Corner"with materials for citizenship study and preparation. Additionally,the library will provide a collection of core ESL materials to be placed at each partner site. FISCAL IMPACT The fiscal impact is positive. The award covers additional hours for the part-time Adult Literacy Coordinator, salary for a temporary part-time ESL Specialist, and funding for all the materials and operating expenses related to the program.No additional matching funds are required. The proposed budget amendments are summarized in ATTACHMENT A. The Award letter is attached. ATTACHMENT A Budget Amendment Request (New Appropriation) Federal Library Services and Technology Act Funding for Grass Roots ESL Program Award Letter: $35,500 Account#28-30-515-077-4540 Projected Expenditures • Salaries 28-30-515-077-6006 17,550 • Supplies Special 28-30-515-077-6563 14,950 • Program Expense 28-30-515-077-6563 3,000 TOTAL $35,500 SLAT I BRARY off .�F-�; � .:•�,+� ::�� t o..._.�:I<i.S:.: Pst.r.. ai _;d;; PRESERVING OUR HERITAGE.SHAPING OUR FUTURE i' August 1,2013 Reed Strege,City Librarian Azusa City Library 729 N.Dalton Avenue Azusa,CA 91702-2550 Dear Ms.Strege: We are pleased to approve the grant application for the Grassroots ESL project for a total of$35,500 in federal Library Services and Technology Act(LSTA)funds. Thank you for your dedication and hard work within a very tight timeline. Best wishes for a successful project. In order to support you, an archived version of a webinar on"Managing your LSTA Grant"presented by the State Library is available to view at http://infopeople.org/training/webcasts/webcast data/497/index.html. The Library Development Services Staff is ready to assist you in making your project a success. Please understand that no grant payments can be processed until the governor signs the State budget. Please be aware state processing of grant payments can require 6-8 weeks before you receive your check. Respectfully yours, - (04114"‘frA'-i— Gerald Maginni Acting State Librarian of California Enclosures cc: Colette Moody Sandy Tosti Cathay Reta Ann Graf Library—Courts Building P-0.Box 942837 Sacramento,CA 94237.0001 THE BASICS—YOUR LSTA GRANT AWARD The following provides all of the basic information about your grant and managing your grant. Award#: 40-8276 File#: CP-09 IMLS#: LS-00-13-0005-13 - Work Phase: WP12` Library: Azusa City Library Project Title: Grassroots ESL Award Amount: $35,500 2013/14 LSTA APPROVED BUDGET Salaries and Benefits 17,553 Library Materials 3,000 Equipment(Items over$5,000) 0 Operating Expenses 11,397 Project Total 31,950 Indirect Cost(UP TO 10%) 3,550 Grant Total $35,500 Start Date: August 1,2013 End Date: lune 30,2014 This project will be officially closed as of the end date listed above and no new expenditures may be generated,nor may any additional funded project activities occur.Unexpended or unencumbered funds must be returned within 30 days of the end date. However, if funds were encumbered prior to the end date, this project is allowed 45 days to liquidate those encumbrances. Any funds not liquidated are to be returned with the liquidation report within 60 days of the end date. REPORTING Financial and program narrative reports are.required.All required reporting materials will be located on the California State Library's website at http:/lwww.library.ca.gov/Lgrants/lsta/manage.ht.nl. The forms, along with instructions, will be on the website under the heading"Pitch An Idea Grants 2013/14."The Grant Guide for this project will list specific reporting due dates. This letter and the enclosed list of LSTA procedural requirements amend the Consolidated Application/Grant Award Certification document and must remain a part of all your existing copies. Failure to provide timely reports is a serious breach of a grant recipient's administrative duty under the grant program, which may result in federal audit exceptions against the state and the loss of LSTA funds. PAYMENTS Please note this clarification regarding payments. if your full grant amount is $20,000 or more,ten percent(10%)of the grant award is withheld until the end of the project period. It is payable only if the grant recipient fulfills all project reporting requirements and expends all funds,or returns all unspent grant funds,by the time specified in the grant program. CONTACT We want your project to be successful. The following staff person will be your contact for this project. Please work with this consultant in implementing your project. Grant Monitor: Sandy Tosti Phone Number: (707)592-2166 Email Address: sandytosti@?a infopeople.org Erle:mcp/Ista/awardmaterials/1314 APPROVED COUNCIL MEETING Date, lei/(9.co �,1 or A;l '' . it.=rte it a " - > � rt c.,%ger, * (ii, ,..„:„.-..„._ — _ a Lzus*J CONSENT ITEM D-6 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ANN GRAF, DIRECTOR OF INFORMATION TECHNOLOGY AND LIBRARY SERVICES VIA: JAMES MAKSHANOFF, CITY MANAGER DATE: OCTOBER 7, 1013 SUBJECT: APPROVAL OF CALIFORNIA LIBRARY LITERACY SERVICES (CLLS)AWARD AND ASSOCIATED BUDGET AMENDMENT RECOMMENDATION It is recommended that the City Council 1) Approve acceptance of a California Library Literacy Services (CLLS) award from the California State Library in the amount of $10,000 and 2) Approve the budget amendment associated with this grant. BACKGROUND The California State Library has awarded the Library $10,000 in CLLS funding to sustain the Azusa City Library Literacy program through June 30, 2014. This is Azusa's proportional share of literacy funding from the recently adopted State Budget. This is the baseline grant; an additional check will be coming later based on a formula to match local funding raised, and number of students tutored. FISCAL IMPACT The fiscal impact is positive. No match is required and this funding augments the FY 2013-2014 literacy budget. The proposed budget amendment is summarized in ATTACHMENT A. ATTACHMENT A Budget Amendment Request (New Appropriation) California Library Literacy Services (CLLS) Funding for Adult Literacy Program Award Letter: $10,000 Account#28-30-515-076-4540 Projected Expenditures • Salaries 28-30-515-076-6006 $10,000 TOTAL $10,000 Information Item rFrt X0,;",. Presented /0 /7/Zo/3 ttr iolUSile CONSENT ITEM D-9 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: OCTOBER 7, 2013 SUBJECT: CITY TREASURER'S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF AUGUST 2013 RECOMMENDATION: It is recommended that the Council Members receive, review, and file the City Treasurer's Report for the City of Azusa for the month of August 2013. BACKGROUND: Transmitted herewith is the City Treasurer's Statement of Cash Balances for the City of Azusa for the month of August 2013. City investments are made in accordance with the City's Investment Policy adopted and approved with Resolution No. 05 —C16 dated, February 4, 2013, and Government Code Section 53600 et seq. FISCAL IMPACT: The balances of cash, investments, and projected revenues for the next six months are expected to be sufficient to meet cash disbursement requirements of the City for at least the next six months. The change in total cash in bank and investments (at cost) from July 31, 2013 to August 31,2013 is a net decrease of$2,330,832.39. The change in total cash in bank and investments (at market) from July 31, 2013 to August 31, 2013 is a net decrease of$2,425,767.98. CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit August 31, 2013 Held in Wells Fargo Bank Face Maturity Interest or Balance Coupon Description Account Number or Amount Date Rate or CUSIP Market Value Checking Accounts General Checking Account XXX-XXX1244 60,969.00 Stagecoach Sweep Account DDA XXX-XXX1244 6,064,307.26 Worker's Compensation Checking XXXX-XX3279 0.00 Payroll Checking(ZBA account) XXXX-XX1393 0.00 Police Petty Cash Fund XXX-XXX0334 105.12 Police Detective Petty Cash Fund XXX-XXX2231 4,348.55 Section 108 0.970% Choice IV-Public Fund Account XXX-XXX2239 30,829.61 Covington Endowment WFB Advantage Heritage Money Market Fund(rated AAAm/Aaa) WFB XXXX7554 20,512.47 100,000 05/12/14 1.400% Certificate of Deposit Discover Bank DE Matures 5/12/14 CUSIP 254670D66 100,607.80 TOTALS WELLS FARGO BANK ACCOUNTS 6,281,679.81 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer August 31,2013 Market Price Coupon Maturity Settlement Market Interest Received Broker Face Amount DescriptionRate Date Acct/Cusip No. Date Principal** (Changes Value*** Fiscal Year to Date* Monthly) City of Azusa Investments - Certificates of Deposit-FDIC Insured CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 0.00 Wachovia Sec 100,000.00 Ally Bank 1.100% 09/08/14 02005QTS2 09/07/11 100,000.00 100.770 100,770.00 Wachovia Sec 100,000.00 Ally Bank UT 95.000% 02/08/15 02005QYS6 02/08/12 100,000.00 100.813 100,813.00 471.10 Wachovia Sec 250,000.00 American Express Centurion 1.250% 06/09/14 02587DAX6 06/06/11 250,000.00 100.645 251,612.50 Wachovia Sec 200,000.00 Bank Ilapoalim NY 1.000% 07/24/15 06251AYD6 07/24/12 200,000.00 100.469 200,938.00 991.78 Wachovia Sec 200,000.00 Bank of China New York 0.600% 01/06/14 06425H4T0 07/05/12 200,000.00 100.042 200,084.00 595.07 Wachovia Sec 200,000.00 Barclays Bank of Delaware 1.600% 01/11/16 06740KFS1 01/11/12 200,000.00 101.633 203,266.00 1,586.85 Wachovia Sec 200,000.00 BMW Bank of North America 1.350% 09/23/14 05568PR90 09/23/11 200,000.00 100.780 201,560.00 Wachovia Sec 200,000.00 CIT Bank SLC 1.450% 11/14/14 17284AH43 11/14/11 200,000.00 101.078 202,156.00 Wachovia Sec 200,000.00 Compass Bank Birmingham AL 1.000% 12/29/14 20451PAC0 06/29/12 200,000.00 100.436 200,872.00 997.26 Wachovia Sec 245,000.00 Everbank Jacksonville FL 0.500% 11/29/12 29976DQC7 11/29/12 245,000.00 100.000 245,000.00 Wachovia Sec 200,000.00 Goldman Sachs Group,Inc. 1.200% 03/07/16 38143ALTO 03/07/12 200,000.00 100.228 200,456.00 Wachovia Sec 200,000.00 Huntington National Bank 0.750% 12/08/14 446438QL0 06/08/12 200,000.00 100.433 200,866.00 WFB 200,000.00 JP Morgan Chase 0.500% 02/16/16 48124JSS8 02/15/13 200,000.00 98.350 196,700.00 495.89 First Clearing Corp 245,000.00 Key Bank National Association 0.450% 03/13/15 49306SRH1 03/13/13 245,000.00 99.783 244,468.35 Wachovia Sec 200,000.00 Merrick Bank South Jordan UT 0.900% 01/25/16 59012YU96 07/25/12 200,000.00 100.446 200,892.00 300.83 Wachovia Sec 100,000.00 Metlife Bank,NA 1.300% 10/28/13 591557FH1 10/21/10 100,000.00 100.148 100,148.00 Wachovia Sec 245,000.00 Mizuho Corp Bank USA 0.500% 12/12/13 60688TGZ6 12/12/12 245,000.00 100.075 245,183.75 Wachovia Sec 200,000.00 Safra National Bank 0.800% 06/29/15 786580T83 07/28/12 200,000.00 100.502 201,004.00 Wachovia Sec 200,000.00 Sallie Mae Bank Murray UT 1.100% 08/10/15 795450NT8 08/08/12 200,000.00 100.444 200,888.00 1,090.96 Wachovia Sec 200,000.00 Sovereign Bank FSB 0.700% 06/20/14 84603MZ66 06/20/12 200,000.00 100.268 200,536.00 Wachovia Sec 200,000.00 State Bank of India NY 1.250% 06/22/15 856284F74 06/22/12 200,000.00 100.579 201,158.00 Wachovia Sec 245,000.00 Webster Bank NA 1.000% 12/12/17 94768NJD7 12/12/12 245,000.00 99.113 242,826.85 Wachovia Sec 245,000.00 Wells Fargo Bank WFCO 0.950% 02/28/18 94986TMB0 02/27/13 245,000.00 97.953 239,984.85 586.66 TOTALS 4,575,000.00 4,575,000.00 4,582,183.30 7,116.40 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer August 31,2013 Market Price Coupon Maturity Settlement ** Market Interest Received Broker Face Amount Description Rate Date Acct/Cusip No. Date Principal (Changes Value*** Fiscal Year to Date* Monthly) City of Azusa Investments - AAA Rated Federal Agency Bonds BONDS CALLED OR MATURED DURING FISCAL YEAR 0.00 Gilford Sec 1,000,000 FFCB 0.710 07/19/16 0.710% 07/19/16 3133EAYQ5 07/23/12 1,000,000.00 99.575 995,750.00 3,550.00 Gilford Sec 1,000,000 FFCB 0.770 6/15/17 0.770% 06/15/17 3133EC5L4 12/05/12 999,300.00 97.948 979,480.00 Gilford Sec 1,000,000 FFCB 0.875 06/14/16 0.875% 06/14/16 3133EAUE6 06/14/12 1,000,000.00 99.994 999,940.00 Gilford Sec 1,000,000 FFCB 0.900 12/26/17 0.900% 12/26/17 3133ECB45 12/26/12 999,500.00 97.585 975,850.00 Gilford Sec 1,000,000 FFCB 0.980 09/18/17 0.980% 09/18/17 3133EAX29 09/20/12 1,000,000.00 98.233 982,330.00 Gilford Sec 1,000,000 FFCB 1.030 3/12/18 1.030% 03/12/18 3133ECHS6 03/12/13 1,000,000.00 97.376 973,760.00 RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050% 03/14/18 3133E039 03/14/13 999,500.00 97.880 978,800.00 Higgins 1,000,000 FFCB 1.100 06/20/17 1.100% 06/20/17 3133EAVA3 06/20/12 1,000,000.00 98.978 989,780.00 Gilford Sec 1,000,000 FHLB.085 07/24/17 0.850% 07/24/17 313380WR4 10/24/12 1,000,000.00 97.520 975,200.00 4,250.00 Gilford Sec 1,500,000 FHLB 0.800 05/23/17 0.800% 05/23/17 313381AN5 11/23/12 1,500,000.00 97.719 1,465,785.00 Gilford Sec 1,000,000 FHLB 0.850 08/15/17 0.850% 08/15/17 313381Z24 02/15/13 1,000,000.00 97.765 977,650.00 4,250.00 Gilford Sec 1,000,000 FHLB 0.980 11/15/17 0.980% 11/15/17 3133817D1 11/15/12 1,000,000.00 97.809 978,090.00 WFB 1,000,000 FHLB 1.00001/30/18 1.000% 01/03/18 313381TW5 01/30/13 1,000,000.00 97.350 973,500.00 5,000.00 Wachovia Sec 1,000,000 FHLB 1.250 07/29/14 1.250% 07/29/14 313370YK8 09/17/10 1,000,000.00 100.968 1,009,680.00 6,250.00 Higgins 1,000,000 FHLB 1.375 6/27/18 1.375% 06/27/18 313383JP7 6/27/2013 1,000,000.00 97.556 975,560.00 Higgins 1,000,000 FNMA 1.05005/25/18 1.050% 05/25/18 3135G0XK4 05/30/13 1,000,000.00 96.768 967,680.00 TOTALS 16,500,000 16,498,300.00 16,198,835.001 " 23,300.00 WFB-CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.070% N/A N/A N/A 5,303,727.57 100.000 5,303,727.57 653.23 LAIF-CITY LOCAL AGENCY INVESTMENT FUND 0.271% N/A N/A N/A 12,797,091.66 100.000 12,797,091.66 0.00 Page 3 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer August 31,2013 Market Price Coupon Maturity Settlement ** Market Interest Received Broker Face Amount Description Acct/Cusip No. Principal (Changes *** Rate Date Date Monthly) Value Fiscal Year to Date* Light&Water Fund Investments - Certificates of Deposit-FDIC Insured CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 0.00 Wachovia Sec 245,000.00 Bank Baroda NY 0.550% 10/16/13 060624PQ0 10/16/12 245,000.00 100.005 245,012.25 Wachovia Sec 40,000.00 Bank Hapoalim NY 1.000% 07/24/15 06251AYD6 07/24/12 40,000.00 100.469 40,187.60 198.36 Wachovia Sec 40,000.00 Bank of China NY 0.850% 02/03/14 06425HYW0 02/01/12 40,000.00 100.225 40,090.00 168.60 Wachovia Sec 40,000.00 BMW Bank of NA 1.350% 04/27/16 05568PW45 04/27/12 40,000.00 100.551 40,220.40 Wachovia Sec 40,000.00 Compass Bank Birmingham AL 0.900% 06/30/14 20451PAB2 06/29/12 40,000.00 100.269 40,107.60 179.51 Wachovia Sec 200,000.00 Discover Bank Greenwood DE 1.050% 05/11/15 254671AR1 05/09/12 200,000.00 100.555 201,110.00 Wachovia Sec 240,000.00 Enerbank USA 5.000% 09/14/14 29266NUY1 06/14/12 240,000.00 100.256 240,614.40 200.55 Wachovia Sec 240,000.00 First National Bank of Omaha 0.500% 01/10/14 332135EZ1 10/10/12 240,000.00 99.997 239,992.80 Wachovia Sec 200,000.00 GE Capital Financial Inc. 1.250% 05/18/16 36160XD87 05/18/12 200,000.00 100.036 200,072.00 Wachovia Sec 235,000.00 GE Capital Retail Bank 1.050% 04/27/15 36157PCW7 04/27/12 235,000.00 100.274 235,643.90 Wachovia Sec 40,000.00 Goldman Sachs Group,Inc. 0.850% 02/03/14 38143AJB2 02/01/12 40,000.00 100.134 40,053.60 168.60 Wachovia Sec 40,000.00 Huntington National Bank 0.750% 12/08/14 446438QL0 06/08/12 40,000.00 100.433 40,173.20 Wachovia Sec 40,000.00 Safra National Bank 0.800% 06/29/15 786580T83 07/28/12 40,000.00 100.502 40,200.80 Wachovia Sec 40,000.00 Sovereign Bank FSB 0.700% 06/20/14 84603MZ66 06/20/12 40,000.00 100.268 40,107.20 Wachovia Sec 40,000.00 State Bank of India NY 1.250% 06/22/15 856284F74 06/22/12 40,000.00 100.579 40,231.60 TOTALS 1,720,000.00 1,720,000.00 1,723,817.35 915.62 Page 4 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer August 31,2013 Market Price Coupon MaturitySettlement Market Interest Received Broker Face Amount Description Rate Date Acct/Cusip No. Date Principal** (Changes Value*** Fiscal Year to Date* Monthly) Light&Water Fund Investments AAA Rated Federal Agency Bonds BONDS CALLED OR MATURED DURING FISCAL YEAR 0.00 Gilford Sec 1,000,000.00 FFCB 0.730 03/13/17 0.730% 03/13/17 3133ECIlG2 03/13/13 1,000,000.00 98.483 984,830.00 Gilford Sec 655,172.41 FHLB 0.720 08/08/16 0.720% 08/08/16 3133805K9 08/08/12 654,844.82 99.295 650,553.44 2,358.62 WFB 1,000,000.00 FFCB 0.690 09/26/16 0.690% 09/26/16 3133EAZ76 09/26/12 1,000,000.00 99.427 994,270.00 WFB 1,000,000.00 FFCB 0.62010/24/16 0.620% 10/24/16 3133EA5V6 10/24/12 1,000,000.00 99.196 991,960.00 Gilford Sec 1,000,000.00 FFCB 0.820 07/11/17 0.820% 07/11/17 3133EA4118 10/12/12 999,000.00 97.951 979,510.00 4,100.00 Gilford Sec 1,000,000.00 FFCB 0.980 09/18/17 0.980% 09/18/17 3I33EAX29 09/18/12 1,000,000.00 98.233 982,330.00 Gilford Sec 1,000,000.00 FHLB 1.000 02/27/18 1.000% 02/27/18 3133823D3 02/27/13 1,000,000.00 97.229 972,290.00 5,000.00 Biggins Capital 1,000,000.00 FHLB 0.900 06/20/18 0.900% 06/20/18 313383EM9 06/20/13 994,500.00 97.381 973,810.00 TOTALS 7,655,172.41 7,648,344.82 7,529,553.44 11,458.62 WFB-L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.700% N/A N/A N/A 435,502.55 100.000 435,502.551 85.59 Market Price Market Interest Received CITY OF AZUSA"and LIGHT&WATER RATE STABLIZATION Principal** (Changes value*** Fiscal Year to Date* Monthly) TOTAL INVESTMENTS IN FEDERAL AGENCIES,CD's,WFB INSTITUTIONAL TRUSTS,and LAIF 48,977,966.60 48,570,710.87 43,529.46 *The Interest reflects earnings received from July 1,2013. **The"Principal"column reflects the balance on the last day of the month or the"historical cost"spent to purchase a security. ***I he"Market Value" is the current price at which a security can be traded or sold. 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