AGENDA TEHACHAPI-.CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20,2015 4:00P.M.

22901 BANDUCCI ROAD

1. Call to Order and Roll Call

2. Approve Minutes of the Regular Meeting of April 15, 2015

3. Manager's Report

4. Operations Manager's Report

5. Comments by any Party on Items oflnterest to the Public and Within the Subject Matter Jurisdiction of the Legislative Body

6. Award Contract for Procurement ofNew Engines for Pump Plant 1

7. Directors' Report- 2015 ACWA Spring Conference and ACWA/JPIA Board Meeting

8. Approve South Valley Water Resources Authority Joint Powers Agreement

9. 2015 Drought Committee Report

10. Adopt Resolution 6-15, Transferring Funds from Fund 60184 (Prop. 84 Grant) to Fund 60170 (General)

11. Set Date for Benefit Assessment Hearing

12. Approve Agreement with Kern County for the Collection of Special Assessments

13. Receive and File Quarterly Investment Report

14. Appoint Ad-hoc Personnel Committee

15. Financial Report and Approve Payment of Bills

16. Adjournment

Note: A person with a qualifying disability under the Americans with Disabilities Act of 1990 may request that the District ( 1) make agendas available in appropriate alternative formats, and (2) provide a disability-related modification or accommodation, including auxiliary aids or services, to participate in any public meeting of the Board of Directors. A request for modification or accommodation shall be made in person, or by telephone, facsimile or written correspondence to the General Manager at the District's office at least seven days before the public meeting for which the modification or accommodation is requested.

Item 1.

Item 2.

Item 3.

MINUTES

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

April 15, 2015 4:00P.M.

DRAFT

22901 Banducci Road AGENDA ITEM: s9

Call to Order and Roll Call

Directors Present: Hadley, Pack and Worden Directors Hall and Prel were not present at the time of roll call.

Others in Attendance: Bernard Barmann, Elizabeth Block, John Martin and Lori Bunn

Approve Minutes of the Regular Meeting of March 18, 2015

The minutes of the regular meeting of March 18, 2015 were approved as revised on motion made by Director Hadley, seconded by Director Pack and carried on the following vote: Ayes: Hadley, Pack and Worden; Noes: None; Abstain: None; Absent Hall and Prel.

Manager's Report

The General Manager reported that pumping operations began on April 1, 2015 with a two­engine system and the reservoir is rising rapidly. As of Friday, April 10, the reservoir held 1 ,556 acre feet.

The SWP allocation remains at 20%. Mr. Martin said he does not expect it to change. Mr. Martin reviewed the results of the snow pack survey that was done on April 1. Graphs of the precipitation data were included in the General Manager's Report.

Mr. Martin reported that on April1 the Governor signed an executive order mandating a 25% reduction in potable urban water usage through February 2016. There is an item on the agenda to discuss this and potential ramifications for our area. In addition, the State Board implemented new rules two weeks prior to this. Retail water agencies will be dealing with both new rules.

Director Hall arrived at 4:05 p.m.

Staff met with Cummings Basin stakeholders on April 7 to review the final Cummings Basin Groundwater Model Report. Mr. Martin reviewed some of the details of the report. He said that the report has determined that the safe yield of the basin is less than 3,000 acre feet of water per year, as opposed to 4,090. The report also determined that for the last 12 years, the basin has been over drafted by 1 ,200 acre feet per year. Mr. Martin said the basin will have to be corrected if pumping is higher than the safe yield. He said he would like to pursue this by using an open collaborative process. He said with the cooperation of the stakeholders, we can come up with a plan within a couple of years for a long-term solution.

Director Prel arrived at 4:07 p.m.

Mr. Martin said the annual Watermaster Reports have been completed and filed with the Court.

Golden Hills CSD hosted the ACWA 2015 Drought Briefing webcast on April 9. It was well attended.

4

Minutes April15, 2015 Page2

ltem4.

The Department of Water Resources announced that they are abandoning the Endangered Species act, ESA Section 10 effort for the Bay-Delta Conservation Plan. Mr. Martin said the 22 conservation elements will not go forward and they are changing to an ESA Section 7 process. This means there will not be a 50-year contract for the State Water Contractors, which was the intent of the Section 10 process. Instead, it will be an annual permit. He added that this action removes all of the water supply assurances from the project, but it also eliminates the environmental conservation projects from the scope of work.

The District received the signed agreement from Wheeler Ridge for the water exchange and now we are awaiting approval from the Kern County Water Agency.

Scott Hamilton was unable to attend the meeting today to discuss the formation of the JPA for the Bay-Delta projects. He will be attending the next regular meeting on May 20, 2015.

The annual pump plant tour is scheduled for April16 at 8:00A.M.

Mr. Martin reported that the District will be able to get 14 acre feet from the DWR Multi-Year Demonstration Pool.

The Metropolitan Water District is reducing deliveries to its member units by 15%. They are imposing a penalty of $2,960 per acre foot for deliveries exceeding the maximum amount set in the new policy. Mr. Martin also reported that the MWD would not be able to purchase any water from the rice growers, due to the cut in allocation.

The $2.7 billion included in Proposition 1 for water storage will not be used for building reservoirs, because the Water Commission may only fund "public benefits" associated with water storage projects. Mr. Martin reviewed the list of projects that are considered "public benefits".

Operations Manager's Report

Mr. Martin reviewed the Operations Manager's report. He said that a lot of Mr. Neisler's time has been spent on the engine replacement project and there is an item on the agenda for this project.

Training classes were conducted for CPR, First Aid, and the Automated External Diffibulator. Defensive driver training was also conducted for District employees.

Mr. Martin gave a detailed report on the service interruption at the CCI recycled water plant. Staff is working with the staff at CCI, the Regional Water Quality Control Board and the customers involved to address the problem.

The District has received and is reviewing the Authority to Construct for the engine replacement project from the Air Pollution Control District. Mr. Martin said the testing schedule is more aggressive than expected and the District will have to comply with the 5 ppm NOx to avoid possible delays in the project.

Mr. Martin added that the District received a notice from the National Resource Conservation District regarding a national effort to adapt existing flood .control facilities for water supply projects. Mr. Martin said that funds will be available through the NRCS for projects like this. Some discussion took place on adapting the Blackburn Dam.

Minutes April 15, 2015 Page 3

Item 5.

Item 6.

Item 7.

Some discussion took place on the difference in 5 ppm and 9 ppm NOx requirement of the APCD.

Mr. Wyman asked how often the District tested the water from the SWP to meet the organic farming certification requirements. Mr. Martin said the District does not test the water for organic certification.

Additional information was provided in Mr. Neisler's written report.

Water Conservation Report

Elizabeth Block reported that the third quarterly report has been filed for the grant program.

She provided a table showing water savings from the low flow fixtures installed as part of the direct-install program from October 2014 through March 2015, which shows a savings of 12.5 acre feet of water per year. The contract with the installer for the direct-install program expires July 30. Ms. Block does not recommend extending the contract, but the program area has been increased to include the Golden Hills multi-family units. Ms. Block said that a 75-piece mailing was done last week and the response has been good.

Ms. Block gave a detailed report on the Water Conservation Workshop planned for April 30, and .hosted by the Tehachapi Area Association of Realtors.

Ms. Block said that the Tehachapi News published a "green" pull-out section which contained water conservation information. She also provided information on the water conservation outreach activities she is involved in and samples of signs to be provided to the hotels and restaurants in the area.

Comments by any Party on Items of Interest to the Public and Within the Subject Matter Jurisdiction of the Legislative Body

No comments at this time.

Approve Lateral Distribution Line Scoping Agreement with Captiva Verde Farming Corporation

Mr. Martin explained that the Board already approved an agreement with Captiva Verde at the December 2014 meeting, pending approval of the agreement by Legal Counsel. Subsequently, Captiva Verde wanted several changes. Legal Counsel was able to make the changes and Captiva Verde is in agreement. However, the agreement now needs to be reconsidered by the Board. Mr. Martin reviewed the changes in the agreement. Mr. Barmann said he approves the agreement and it is consistent with the discussions held with Captiva Verde.

After discussion, Director Prel made a motion to approve the Lateral Distribution Line Scoping Agreement with Captiva Verde Farming Corporation as recommended by the General Manager. Director Hadley seconded the motion and it was carried on the following vote: Ayes: Hadley, Hall, Pack, Prel and Worden; Noes: None; Abstain: None; Absent: None.

Minutes April15, 2015 Page4

ItemS.

Item 9.

Approve Execution of Acceptance of Easement Dedication from the City of Tehachapi for a Portion of Antelope Run Flowage Easement

Mr. Martin said the Board approved the execution of a Quitclaim Deed relinquishing the District's interest in a parcel of land associated with the realignment of Tehachapi Boulevard. In exchange, the City granted a flowage easement over a portion of property they received from Caltrans during the realignment process. Acceptance of this flowage easement will complete the process.

Director Hall made a motion that the Board accept the easement dedication and authorize the District Secretary to execute the Acceptance Certificate on the flowage easement from the City of Tehachapi and direct that the easement be recorded. Director Prel seconded the motion and it was unanimously approved: Ayes: Hadley, Hall, Pack, Prel and Worden; Noes: None; Abstain: None; Absent: None.

Adopt Resolution 4-15 Authorizing the Execution and Delivery of an Installment Purchase Agreement with Respect to the Acquisition, Purchase and Financing of Certain Equipment and Improvements; Authorizing the Execution and Delivery of Documents Required in Connection Therewith; and Authorizing the Taking of All Other Actions Necessary to the Consummation of the Transactions Contemplated by this Resolution

Mr. Martin said that this is the method by which the District will be borrowing up to $7,000,000 for the Pump Plant 1 Engine Replacement Project. Mr. Martin said this project consists of three phases: 1) acquisition of the engines; 2) acquisition of a new control system for the entire pumping system; and 3) retrofitting of the building at Pump Plant 1 to accommodate the new engines and the catalytic converter equipment.

Mr. Martin explained that the District will be getting the loan from Umpqua Bank. Resolution 4-15 states, the amount shall not exceed $7 million, and the interest rate shall not exceed 2.60% per annum. Mr. Martin said he received an email from Umpqua Bank confirming that the quote of 2.51% is correct, but they recommend using a few basis points higher in the agreement, in the event something happens to avoid bringing the matter back to the Board for reauthorization. By adoption of this resolution, the Board is authorizing the General Manager to execute the remaining documents required to complete the transaction.

Mr. Martin reviewed the key elements of the Installment Purchase Agreement: • Ten-year term; • Tax-exempt financing. If it becomes taxable, the interest rate is recalculated at a

"Gross-Up Rate"," which is a rate with the same return as the tax-exempt rate when all federal and state taxes are considered;

• Original schedule of installment payments are calculated on the full $7 million, with the first payment due on December 30, 2015; but the final schedule will be modified because;

• Interest will be computed on funds only when drawn and the draws will occur over several months (11/30/16 end date) as the project phases are completed. If the entire $7 million is not needed, the principal amount will be reduced to the actual project cost;

• The project's title vests with the District immediately upon acquisition; • The District pledges net revenues, which means that the general fund is on the hook to

repay the money; • Semi-annual payments of principal and interest; • Minimum 1.25 coverage ratio; • On parity with the Umpqua Bank 2012 financing of the CaiPERS side fund;

Minutes April15, 2015 Page 5

Item 10.

Item 11.

Item 12.

• Additional parity financing authorized; • Prepayment penalties of 1% to 5% (there is no reason to prepay); • Standard compliance, insurance, default, maintenance and reporting requirements; • The Board and officers of the District are not liable for the repayment.

After discussion, Director Pack introduced Resolution 4-15 and moved for its adoption. Director Hadley seconded the motion and roll call was taken on the vote:

AYES: NOES: ABSTAIN: ABSENT:

Hadley, Hall, Pack, Prel and Worden None None None

Award Contract for Procurement of New Engines for Pump Plant 1

Mr. Martin said that Tom Neisler, consulting engineers at Provost & Pritchard and Bernard Barmann spent a great deal of time completing the bid documents in a timely manner. However, since the bidders only had 17 calendar days to consider the bid documents and prepare a bid for the project, the bid results were not very good. Mr. Martin reviewed the bids received. Staff recommended that the Board reject all of the bids received on April 8, 2015, authorize staff to re-advertise the project and solicit new bids for the project with some minor revisions to the contract documents.

After discussion, Director Hadley made a motion to reject the bids as recommended by staff. Director Hall seconded the motion and it was carried on the following vote: Ayes: Hadley, Hall, Pack, Prel and Worden; Noes: None; Abstain: None; Absent: None.

Adopt Resolution 5-15, Transferring Funds from Fund 60170 (General) to Fund 60184 (Prop. 84 Grant) for Cash Flow Needs

Mr. Martin explained that this transfer for $50,000.00 is necessary so we can continue implementing the grant-funded projects while we await reimbursement from the Department of Water Resources. Mr. Martin recommended that Resolution 5-15 be adopted.

Director Hall introduced Resolution 5-15 and moved for its adoption. Director Hadley seconded the motion and roll call was taken on the vote.

AYES: NOES: ABSTAIN: ABSENT:

Hadley, Hall, Pack, Prel and Worden None None None

Discussion Re: Governor's Executive Order Mandating Statewide Water Use Reductions

Mr. Martin said on April1, Governor Brown signed B-29-15, which directs that the State of California has to reduce their water use by 25% compared to 2013. Mr. Martin explained that the phrase "Potable Urban water usage" is used throughout this order. Therefore, it does not directly apply to the District. He said the District's role will be a support role. As far as reporting, that will not be the District's responsibility and the District has no enforcement responsibilities.

Minutes April15, 2015 Page 6

Item 13.

Item 14.

Item 15.

The State Board has been tasked with developing rules to be implemented by June 1. Mr. Martin provided a copy of these rules and reviewed them with the Board.

Jon Curry, City of Tehachapi, provided comments regarding the City's reporting requirements. Mr. Martin reviewed the reporting requirements for small agencies. Discussion continued the proposed rules and conservation efforts and ideas.

Approve Amended Kern County Water Agency Indemnification Agreement for 2015

Mr. Martin said the Board approved the annual Indemnification agreement with the KCWA, but at the March 26 meeting of the KCWA Board, they approved the imposition of fees for water exchanges and transfers. The KCWA is now requesting that the District approve an amended indemnification agreement that includes the new fees. Mr. Martin said the cost for the water exchange with Wheeler Ridge will be $680.00. After discussion, Mr. Martin recommended the Board approve this amendment to the agreement.

Director Hadley made a motion to approve the Amended Kern County Water Agency Indemnification Agreement for 2015. Director Prel seconded the motion and it was carried on the following vote: Ayes: Hadley, Hall, Pack Prel and Worden; Noes: None; Abstain: None; Absent: None.

Financial Report and Approve Payment of Bills

The vouchers listed below were reviewed for payment.

Fund 60170: Vouchers #643-646, totaling $17,751.43 Vouchers #647-702, totaling $314,990.93 Vouchers #703-706, totaling $17,604.40 Vouchers #707-729, totaling $364,050.23

Fund 60184: Vouchers #219-233, totaling $11,930.40

Fund 60186: Voucher #8, totaling $2,000.00

Director Hall made a motion to pay the bills. The motion was seconded by Director Hadley and unanimously approved. Ayes: Hadley, Hall, Pack, Prel and Worden; Noes: None; Abstain: None; Absent: None.

Adjournment

The meeting was adjourned at 6:20P.M. on motion made by Director Hall and seconded by Director Prel and unanimously approved. Ayes: Hadley, Hall, Pack, Prel and Worden; Noes: None; Abstain: None; Absent: None.

David E. Worden, President

Lori Bunn, Secretary

NAME

Tehachapi-Cummings County Woter District

.. . . Our il!~uer " Our Piu u re

Regular Board Meeting April 15, 2015

AGENCY/ENTITY

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Note: Signing this document is voluntary. All persons may attend the meeting regardless of whether or not a person signs in.

MANAGER'S REPORT- May 20, 2015 , AGENDA ITEM: §

Local Water Supply and Operations We imported 795 AF in April and recovered 104 AF from Tehachapi Basin. Our wells are off now, but we plan to activate them again in July. Jacobsen Reservoir held 1, 787 acre-feet in storage on May 15, which is nearly full.

State Water Supply The State Water Project allocation is currently 20% and it will not go up. Although the state has experienced some spring storms, rainfall is still below normal. Northern Sierra precipitation is 74% of normal and Tulare Basin precipitation is 41% of normal year-to-date. Reservoirs are well below normal. Snowpack is so low that the state declined to perform the May 1 snow survey. Kern County water banking project wells are still running at full capacity.

On May 5, the State Water Resources Control Board adopted its emergency regulations to implement Governor Brown's executive order mandating a 25% reduction in potable urban water usage through February 2016. The regulations should be effective by May 15. All of the local retail water purveyors are considering their options. This was a major topic at the 2015 Spring ACWA Conference.

Other Issues On April 20, a California Court of Appeal ruled that the City of San Juan Capistrano's tiered water rate structure was unconstitutional under Proposition 218. This decision casts doubt on the legality of conservation water rates employed by the majority of California water agencies.

On April22, Liz Block and I attended a Water-Energy Partnering Workshop sponsored by Southern California Edison (Liz attended on Aprii 23 also). On May 11, I attended a similar workshop sponsored by SoCal Gas. The utilities, under direction from the CPUC, are looking for ways to partner with water agencies because saving water saves energy. We will try to get pilot programs started here.

The Bay-Delta Conservation Plan has been replaced by the "California WaterFix." The new plan is the same twin-tunnels with about one-third of the environmental restoration (called California EcoRestore).

We received approval from the Kern County Water Agency for the water exchange with Wheeler Ridge-Maricopa Water Storage District.

On April 30, we joined other local agencies and the Tehachapi Area Association of Realtors in a water conservation I drought workshop. Their meeting room was full.

The Umpqua Bank financing closed on April 30 with the promised terms: 1 0-year, 2.51% interest and issuance costs of $27,050.

On May 30, I will be speaking at a meeting sponsored by Smart Growth Tehachapi Valleys. The meeting begins at 1 OAM at the Moose Lodge.

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Northern Sierra Precipitation: 8-Station Index, May 14, 2015

MSC -Mount Shasta City SHA - Shasta Dam

BYM - Blue Canyon

PCF - Pacific House

Nov 1 Dec 1 Jan 1 Feb 1 Mar 1 Apr 1 May 1 Jun 1 Water Year (October 1 -September 30)

Percent of Avlerage for this Date:i 74%

2012-2013 Daily Precip.

2013·2014 Daily Precip.

1923-1924 lttriAc:t\

Jul 1 Aug 1 Sep 1 Oct 1

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70 Tulare Basin Precipitation: 6-Station Index, May 14, 2015

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0 Oct 1 Nov 1 Dec 1 Jan 1 Feb 1 Mar 1 Apr 1 May 1 Jun 1 Jul1 Aug 1 Sep 1 Oct 1

Water Year (October 1 -September 30)

250

200

150

100

50

0

250

200

150

100

50

0--~~

250

200

150

100

50

0 --{ipX

Dec

Statewide Percent of April 1: 1%

California Snow Water Content, May 13, 2015, Percent of April1 Average

Jan Feb Mar Apr May Jun Jul

Statewide Percent of Average for Date: 2%

Ending At Midnight- May 13, 2015

CURRENT RESERVOIR CONDITIONS

2441 2000

1000

0

z.czo 2000

1000

1000

0

Trinity Lake 44%153%

New Melones 20%131%

San Luis Reservoir 58%169%

-z: j !':;::~:~::• Millerton Lake 36%149%

Graph Updated 05/14/2015 04:45 PM

Perris Lake 39% 147%

Folsom Lake 58%173%

0

LEGEND

Average

Capacity II' , .... , . . (TAF) .7 '.'''ili"::w H1stoncal

% of Capacity I % of Historical Average

Don Pedro Reservoir 11250

.1 41%155% ........... ~ _____ -.;;;;;.;.;....;..__

Castaic Lake 34% 137%

Exchequer Reservoir 11%118%

AGENDA ITEM NO. 1 •

Tehachapi-cummings County Water District

Our W&ur • Our Futttrt! OPERATIONS REPORT -APRIVMAY 2015

SUMMARY

Import operations utilizing a two engine system continue without interruption. We are working to resolve some operational problems that have surfaced with system startup. We need to do a top end rebuild of one engine, repair a heat exchanger and install our second new pump rather than using it as a spare. In addition, we have suffered a major interruption in our DTR deliveries due to CCI operational failures. We have replaced a mainline valve that failed completely and caused a partial system shutdown. We are monitoring reservoir levels closely, anticipating an upswing in agricultural demand. Work continues on the bidding process for the Engine Replacement project. A very busy month!

OPERATIONS

1600

1400

Reservoir Level

-Forecast -Actual

• Spent much time working on DTR delivery interruption due to CCI plant failure. Will continue to work with CCI, our customers and SWRCB Regulators on delivery restoration solution.

• Received and reviewed final, draft Authority to Construct on new engines. Currently in EPA review period (45 days)

• Attended Budget and Drought Committee meetings

• Conducted rebid process for Engine Project (Phase 1). • Worked with vendors and engineers on bid package preparation for Engine Project (Phase 2).

• Reviewed preliminary alignment designs for the Captiva Verde lateral and directed engineer to pursue alignment approved by staff and the project proponents.

MAINTENANCE

• Took delivery of second new pump. This pump will be installed in P3E4 due to diminished production from this pump

• Sent heat exchanger from P3E1 to fabricator for repair

• Ordered parts for top end rebuild of P2E2 • Selected weed control applicator and prepared

contract for services

• Welcomed three summer interns and started task list prepared for them

• Removed one heat exchanger at PP 3 for repair

LOOK AHEAD

• Prepare Contract Documents Package (Phase 1)

PUMP PlANT MAINTENANCE - 82% OF YEAR

• Complete bid package preparation for Phase 2 of Engine Project- Controllers for PP 2 -4

• Commence 3 engine system operation- June 1. • Solicit Proposals for Backhoe, Dump Truck & Trailer and Boom Lift

SEE REVERSE SIDE FOR PICTURES

Reservoir- Full to the Brim Broken Disc- Mainline Valve

Heat Exchanger sent out for repair Degraded Cooling Tube Condition

Leak Busters 1-Willow Springs MHP Leak Busters 2- Lehigh Cattle Watering

AGENDA ITEM: 6

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

MAY 20,2015

TOPIC: Award Contract for Procurement of New Engines for Pump Plant 1

ITEM FOR: Action

PURPOSE: Review Bids Received, Accept Lowest Responsive Bid and Authorize Staff to Issue the Notice of Contract Award and Prepare Contract for Project

IMPACT: Capital Improvements/Replacement and Operations

SUBMITTED BY: Tom Neisler

EXECUTIVE SUMMARY

Staff requests that the Board review the bids received, accept all three bids received as responsive, accept the bid of the lowest responsive bidder and authorize staff to issue the Notice of Contract Award and prepare the contract for the purchase of the engines and appurtenant equipment.

BACKGROUND

At your April 15, 2015 Regular Board meeting, the Board rejected the first round of bids received and authorized staff to rebid the project. Staff made some minor revisions and clarifications to the bidding documents and solicited new proposals. We conducted another pre-bid meeting on April 29, 2015 to explain revisions and answer prospective bidder's questions. Bids were received and opened at the offices of Provost & Pritchard on May 8, 2015. Three bids were received (Bid Canvass attached). Staff and our engineer, Provost & Pritchard, have reviewed the received bids. We had several questions about the bid received from Waukesha Pearce Industries (WPI) and met with them to discuss these on May 15, 2015. WPI provided responses to our concerns (WPI letter attached). Provost & Pritchard and staff agree that WPI has adequately addressed our concerns.

The attached Bid Canvass indicates that WPI's bid for the engines in the amount of $1,775,916.00 is significantly less than the only responsive bid received in the first solicitation ($3,678, 194.00) and my estimate ($2,430,000.00). When the Add Alternates are included ($21 ,928.00) and the Deductive Alternate is deducted (-$1 02,000), the net bid amount is $1 ,695,844.00. This cost is less than the estimate included in the funding amount in the Umpqua Bank loan.

WPI has indicated that they can provide all four engines by October 1, 2015. Consequently, staffs recommendation includes accepting Add Alternate A 1 -accelerating purchase of all four engines in FY 2015-2016.

WPI has offered a trade-in value of $25,500.00 each for the four engines that we will remove from Pump Plant 1. Staff believes that it is in the District's best interest to dispose of these engines. Consequently, staff's recommendation includes accepting Deductive Alternate D1

for the engine trade-in value of $102,000.00 for our four existing engines. Staff will prepare and present an item for the Board to declare these engines as surplus at such time as we discontinue their use after the 2015 pumping season.

FISCAL IMPACT

Expenditure of $1,695,844.00 from the Capital Expenditure Budget for FY 2015-2016. These funds will be sourced from the Umpqua Bank loan proceeds.

COMMITTEE RECOMMENDATION

N/A

STAFF RECOMMENDATION

Staff recommends that the Board accept all three bids received on May 8, 2015 as responsive, accept the bid of Waukesha Pearce Industries as the lowest responsive bid and authorize staff to issue the Notice of Contract Award and prepare Contract documents for the project.

ATTACHMENTS

Bid Canvass Form

WPI Response to Concerns

Provost & Pritchard Award Recommendation

Contract Documents and Bids received are available for review from Tom Neisler

~ST '1fJH8

PROVOST<~ PRITCHARD CONSUL. TlNG GROUP Bid Opening Date 5/a/2015 A,'l !- ,-p;;--~'t;-!0'-!': D•.','i'P.:'".' ( :r:.:C";::-A.'~Y Preva1l1ng Wages Requ1red Ye.s

2 Controls System - Schedule 1 3 Emissions System - Schedule 1

4 Spare Parts and Tools- Schedule 1

5 Engine -Schedule 2

6 Controls System - Schedule 2

7

8

9

A1 Add Alternate #1 - Change Bid Items 5, 6, 7 & 9 to Schedule 1

A2 ' Add Alternate #2 - Annual Service of Catalyst

A3 Add Alternate #3 - Extra Catalyst Element -Schedule 1

A4 Add Alternate #4- Buyer's Warranty- Schedule 1

A5 Add Alternate #5- Buyer's Warranty- Schedule 2 I 11

Deduct Alternate

CANVASS OF BIDS

LS

Project Manager Jeff Eklunci

Project Engineer Jeane Hil!

\\tccwd-dc01\Users\tneisler\My Documents\AA TCCWD\Engine Replacement Project\Phase 1\Bid Results 150508\Bid Canvass re-bid TN 150515.xlsx

TN Rev's

5/15/2015

982,554

2,331 included

149,420

1,004,273

2,454

included

29,580

53,620

no bid

$ 708,167 $ $ 15,809 $ $ $ $ 549,758 $ $ 743,575 $ $ 16,599 $ $ $ $ 43,984 $

1,416,334 $ 500,000 $ 1,000,000 31,618 $ 40,000 $ 80,000

$ 45,000 $ 90,000

549,758 $ 50,000 $ 50,000

1 ,487,150 $ 500,000 $ 1,000,000

33,198 $ 40,000 $ 80,000

$ 45,000 $ 90,000

87,968 $

1 of 2

~~~ 1 HhH

PROVOST& PRITCHARD CONSUL.. TtNG GROUP

A;'! f•'f!_i}]~>AA iktOP.-ti (;n-,'7\,.'Yir.f

CANVASS OF BIDS Tehachapi-Cummings County Water District

Engine Package Procurement for Pumping Plant No. 1 Bid Opening Date 5/8/2015

Prevailing Wages Required~

Project Manager Jeff Eklund

Project Engineer Jeane Hill

I Quant WPI Exterran

Item Descriotion Unit Unit Cost Total Unit Cost Total Equipment Layout Drawings and Cut Sheets yes Drawings: yes Drawings:

Engine Engine HMI HMI Base Style Oil Oil Pan

Pan Catalytic Catalytic Converter

Converter Cut Sheets: Vibration None

Sensor Cut Sheets:

em Pact

Fuel Consumption Data yes BSFC -7,596 yes Continuous = BTU/bhp-hr 7,596 BTU/bhp-

Emissions System Output Values yes NOx- 0.07 (5 yes NOx- 0.07 (5 ppmv) ppmv) SOx= not SOx=-0 provided PM10 = 0.005 PM10 =not co= 0.48 (56 provided ppmv)

Preliminary Schedule yes incl. in letter 05/1 yes Delivery 9/21/15 Executed Addendum No. 1 yes yes ~;~m~~~\ii!·::::G~:r,~~~~·

\\tccwd·dc01\Users\tneisler\My Documents\AA TCCWD\Engine Replacement Project\Phase 1\Bid Results 150508\Bid Canvass re-bid TN 150515.xlsx

TN Rev's

5/15/2015

Valley Power Systems

Unit Cost Total yes Drawings:

Engine HMI Base Style Oil

Pan Catalytic

Converter Engine

Mounting Cut Sheets:

Engine em Pact Oil Maintainer Level

yes BSFC = 7,596 BTU/bhp-hr

yes NOx = 0.07 (5 ppmv) SOx= not provided PM10 =not provided

yes Delivery 10/1/15 yes

Valley Power - First Bid I Owner(TN) I Unit Cost Total I UnitCost Total I

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TEHACHAPI-CUMMINGS COUNTY WATER DISTRICTl REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20,2015

TOPIC: Report on 2015 ACWA Spring Conference

ITEM FOR: Report

PURPOSE: Inform the Board and public

IMPACT: None

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY

AGENDA ITEM:-2._

I attended the ACWA conference May 5-8 in Sacramento. This is my written report.

REPORT I attended the following activities and presentations:

• ACWA Groundwater Committee business meeting. Discussions centered on the Sustainable Groundwater Management Act and the roles of DWR and SWRCB. Presentation by DWR on implementation progress, basin boundary changes.

• ACWA Local Government Committee business meeting. Discussion regarding Prop 218 impact on stormwater charges, low-income "lifeline" rates and tiered water rates; possible legislation to clarify issues raised by recent court cases. Brief discussion about proposed fines for violation of emergency water conservation rules.

• California Water: The State Legislature's Perspective. Assembly Member Marc Levine reviewed legislative accomplishments.

• Region Forum -To Grow or Not to Grow: Urban Water Management Plans 2015. Heard proposals for inclusion in the 2015 UWMP. There will be more emphasis on recycled water, more severe drought planning, narrative demand management measures modeled after CUWCC, water loss reporting per AWWA model, new electronic submittal requirement, new section on catastrophic event planning and system asset management reporting for wholesale agencies. The guidebook should be released by DWR in a few months.

• Financing California's Water Future. State Treasurer, John Chaing, presented some history about California's emergence from the great recession and his plans for financial stability and progress. Governor Brown made some remarks (entertaining stand up comedy) about the drought, the twin tunnels and the economy.

• Groundwater Adjudications in the Age of Sustainable Groundwater Management. Many ideas discussed that could impact Cummings and Tehachapi Basins. Too much to present here.

• The Sustainable Groundwater Management Act: Navigating Near-Term Implementation Issues. Four perspectives: water suppliers (Ag & Urban), State (DWR) and legal issues. No time for Q&A unfortunately.

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• Headwaters: What Are the Challenges and Recommendations? ACWA recently published a framework for headwaters (think mountain forest) management. Discussion focused on how forest management could increase water yield. This is an important issue for groundwater basins in TCCWD.

• Town Hall- Next Steps on Urban Water Conservation. Felicia Marcus, Chair of the SWRCB, discussed (and defended) the emergency water conservation regulations. She was joined by retail and wholesale water agency representatives, who described the impact on their agencies and the issues raised by the regulations.

• Statewide Issue Forum- Integrated Regional Water Management 2.0- CA's Strategic Plan for Improved Water Management. IRWM presented as the best path for getting desired outcomes. Projects to be funded under IRWM in the future will be self­mitigating, meaning that they will need to address water quality and environmental issues as part of the project, which should facilitate permitting and CEQA.

• Regions 6 and 7 business meeting. Reports on various ACWA committee meetings; discussions about conference information and ACWA dues restructuring plan to shift more of the funding burden to large agencies (should be out by July).

• ACWA Energy Committee business meeting. Discussion regarding reopening of direct access for electricity, pending legislation, CPUC proceedings on the water/energy nexus, net energy metering changes (solar/wind), regulatory update (affects electricity more than natural gas), utility proposals to change on-peak schedule (hurts solar projects) and energy storage issues. Committee approved draft Policy Principles on Energy and referred the policy to the ACWA Board for consideration.

ATTACHMENTS Photos of lush landscaping, extensive grass and wasteful irrigation practices around the State Capitol.

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TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20, 2015 AGENDA ITEM:t

TOPIC: Approve South Valley Water Resources Authority Joint Powers Agreement

ITEM FOR: Action

PURPOSE: Sign on to a new effort to increase Delta flows and SWP water supplies

IMPACT: Water Supply, Fiscal/Budget

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY Approval of this agreement will make the district a General Member of the South Valley Water Resources Authority with all of the privileges and obligations thereof.

BACKGROUND Please see March 18 staff report for additional information (attached).

Member Units of the Kern County Water Agency, being frustrated with the pace of improvements to move water through the Delta, desire to band together to study potential projects to improve water exports to Kern County. This effort requires the formation of a joint­powers authority. By signing the attached agreement the district joins this effort. Legal Counsel is reviewing the agreement and will provide his opinion prior to the meeting.

Scott Hamilton, Cawelo Water District President, will attend the meeting and make a presentation and answer questions.

Should the Board approve the JPA agreement, then the Board may consider the special activity agreement at its June 17 meeting. Mr. Hamilton can answer questions about this first study as well. He estimates that the cost of the study is in the range of $2 million to $5 million and would take two years to complete. This would be equal to $1.00 to $2.50 per acre-foot of SWP contract entitlement, which would calculate as $20,000 to $50,000 for TCCWD.

FISCAL IMPACT None at this time; however, assessments paid by General Members will be needed to support the JPA (see Section 4.05).

COMMITTEE RECOMMENDATION None.

STAFF RECOMMENDATION The general manager recommends that the Board approve the South Valley Water Resources Authority Joint Powers Agreement.

ATTACHMENTS 1. March 18, 2015 staff report 2. South Valley Water Resources Authority Joint Powers Agreement 3. South Valley Water Resources Authority Activity Agreement for a Feasibility Analysis

of the Fish Friendly Diversions Project.

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

March 18, 2015

TOPIC: Discussion regarding participation in the South Valley Water Resources Joint Powers Authority

ITEM FOR: Discussion

PURPOSE: Introduction to a new effort to increase Delta flows and SWP water supplies

IMPACT: Water Supply, Fiscal/Budget

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY Some southern San Joaquin Valley water districts (primarily KCWA Member Units) are considering the creation of a JPA to study and possibly engineer projects that could increase exports from the Bay Delta. This item provides information about that effort.

BACKGROUND Scott Hamilton, Board President of Cawelo Water District, sent an explanatory email:

As you know, supplies from the SWP have been significantly reduced over the last decade or so to reduce entrainment of endangered fish. I have been working with a number of member unit managers and outside consultants to see if a long term solution is possible that would be more protective of fish and allow for greater exports. Most of your districts have helped fund that effort through the Committee for Delta Reliability. Results from preliminary analyses give us cause for optimism. We now think it is time to form a Joint Powers Authority to pursue this opportunity more aggressively. Attached you will find an agreement for a joint powers authority that we would like your districts to consider joining. Of course it is voluntary, and you may withdraw at any time. This agreement really only provides an umbrella- it provides the structure for the JPA. Participation in any project (special activity) will be handled through a separate agreement, which will also be on a voluntary basis amongst the members.

Mr. Hamilton will be available to attend our April 15 RBM, but he is unavailable for the March 18 meeting. I will give a brief explanation and try to answer questions. However, the intent of this item is to get the information to the Board as early as possible for better understanding of the issues that will be presented in more detail at the April 15 meeting.

FISCAL IMPACT None at this time.

COMMITTEE RECOMMENDATION None.

STAFF RECOMMENDATION The general manager recommends that the Board review the draft Joint Powers Agreement and the Special Activity Agreement for discussion at the meeting.

ATTACHMENTS 1. Draft South Valley Water Resources Authority Joint Powers Agreement 2. Draft South Valley Water Resources Authority Activity Agreement for Assessment of

the Fish Friendly Diversions Project.

SOUTH VALLEY WATER RESOURCES AUTHORITY

JOINT POWERS AGREEMENT

THIS AGREEMENT ("Agreement") is made and effective as of April20, 2015, pursuant to the Joint Exercise of Powers Act (Government Code Sections 6500, et seq.) by and between the public agencies listed on the attached Exhibit A in order to form the South Valley Water Resources Authority ("Authority").

This Agreement is made with reference to the following facts.

A. Each of the parties to this Agreement is dependent at least in part on importing water supplies from other areas of the State in order to achieve a sustainable water supply for the region.

B. The parties to this Agreement (General Members) wish to cooperate to carry out the purposes of the Authority, that is, to develop projects, facilities and programs to enhance water supplies of its General Members, which may include increasing the quantity available, improving the reliability of supplies, maintaining and/or improving the quality of supplies and/or reducing the costs of its General Member's supplies. The parties agree that South Valley Water Resources Authority will not have the authority to limit the respective Members' rights and authorities over their own internal matters, including, but not limited to a Member's surface water supplies, groundwater supplies, facilities, operations, water management, and water supply projects.

THEREFORE, in consideration of the mutual promises, covenants and conditions hereinafter set forth, it is agreed by and among the parties hereto as follows:

Article 1: Definitions

As used in this Agreement, unless the context requires otherwise, the meaning of the terms hereinafter set forth shall be as follows:

(a) "Associate Members" shall mean those Members of the Authority admitted in accordance with the terms and provisions of this Agreement that are not General Members. The Board of Directors may from time to time admit Associate Members on terms and conditions determined by the Board. Representatives of Associate Members may not serve on the Board and/or Board Committees. Likewise, while the Board of Directors welcomes their input, the Representatives of Associate Members shall be non-voting and their presence shall not be counted in determining whether a quorum is present.

(b) "Authority" shall mean the South Valley Water Resources Authority, being the separate entity created pursuant to the provisions of Government Code sections 6500 et seq. by this Agreement.

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(c) "Board of Directors" or "Board" shall mean the governing body of the Authority as established by Section 3.01 of this Agreement.

(d) "Committee" shall mean any committee established pursuant to Section 3.03 of this Agreement.

(e) "Fiscal Year" shall mean that period of 12 months established as the Fiscal Year of the Authority pursuant to Section 4.01 of this Agreement.

(f) "General Members" shall mean those Members of the Authority more particularly identified as General Members on Exhibit A, and any parties which shall hereafter become General Members in accordance with the terms and provisions of this Agreement.

(g) "Members" shall mean the General Members and Associate Members.

(h) "Parties" or "party" shall mean the public agencies which are General Members of the Authority and have executed this Agreement and any subsequent General Members joined in accordance with this Agreement.

(i) "Participation Percentage" shall be for each General Member a percentage equal to the State Water Project Table A Allocation of each Member as shown at Exhibit A attached hereto, divided by the total of such Allocations, which may be modified from time to time without need to amend this Agreement to reflect termination and/or admission of General Members

Article II: Creation Of Authority

Section 2.01 -Creation.

The parties, pursuant to their joint exercise of powers under the provtstons of Government Code sections 6500 et seq., hereby create a public entity to be known as the "Southern Valley Water Authority."

Section 2.02 - Term.

This Agreement shall become effective upon five General Members executing same. This Agreement shall remain in effect until terminated by agreement of a majority of then participating General Members. Unless it is terminated, this Agreement shall remain in effect and be binding upon the parties hereto and upon all subsequent parties joined herein for such a period as the Authority engages in any activities under this Agreement. Except as specifically provided in this Agreement, the foregoing provision shall not apply to any party which withdraws or is terminated from its participation in the Authority in accordance with this Agreement.

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Section 2.03 - Purpose.

The purpose of this Agreement is to provide for the joint exercise of powers common to each of the General Members, through the Authority, to develop projects, facilities and programs to enhance water supplies of its General Members, which may include restoring historical supplies, improving the reliability of supplies, maintaining and/or improving the quality of supplies and/or reducing the costs of its General Member's supplies. Activities unrelated to such activities shall not be undertaken by the Authority.

Section 2.04 - Powers.

(a) The Authority shall have the power to take any action to carry out the purposes of this Agreement. Notwithstanding the foregoing, the Authority shall not have the power to control, limit or empower a Members rights and authorities over their own water supply matters, including but not limited to surface water supplies, groundwater supplies, facilities, operations, water management, and water supply projects. Likewise, the Authority shall have no power to interfere with a Member's rights, use or management of the Member's water or water supply. Furthermore, the Authority shall have no right to interfere with individual landowner's rights to utilize, apply, store, or otherwise use surface or groundwater, so long as such use is consistent with applicable law.

(b) The Authority is authorized, in its own name, to do all acts necessary for the exercise of said powers provided that said acts are duly adopted by the then seated Board of Directors and are consistent with this Agreement. Except as provided in Section 4.05, the Authority may not levy assessments on its Members. In accordance with California Government Code Section 6509, the foregoing powers shall be subject to the restrictions upon the manner of exercising such powers pertaining to the Cawelo Water District.

Article III: Internal Organization

Section 3.01- Governing Body.

Except to the extent certain powers are delegated to a Committee pursuant to Section 3.03, the Authority shall be governed by a Board of Directors which is hereby established and which shall be initially composed of one representative of each of the General Members, as shown on Exhibit A. Without amending this Agreement, the Board of Directors composition shall be altered from time to time to reflect the termination and/or admission of any new General Members.

Each General Member shall select a representative to serve as their Board member.

A General Member may designate an alternative Director(s). The role of each alternate Director shall be to assume the duties of the Director appointed by his/her member entity in case of the absence or unavailability of such Director, including without limitation such Director's duties as a member of any Committee established pursuant to Section 3.03. The Directors and alternates so named shall continue to serve until their respective successors are appointed.

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Section 3.02 - Officers.

The Board shall select a Chair from among the Board of Directors who shall be the presiding officer of the Board meetings. The Board shall select a Vice Chair from among the Board of Directors who shall serve as the presiding officer in the absence of the Chair. The Board shall also select a Secretary, who need not be a member of the Board of Directors. The terms of such Officers shall be established by the Board of Directors from time to time and as necessary.

Section 3.03 - Committees.

There shall be established such Committees as the Board of Directors shall determine from time to time. Each such Committee shall be comprised of representatives of General Members, shall exist for the term specified in the action establishing the Committee, shall meet as directed by the Board of Directors, and shall make recommendations to the Board of Directors on the various activities of the Authority. The Board of Directors may delegate authority to the Committee to administer and implement the various activities of the Authority other than Special Activities.

Section 3.04 - Seal; Bylaws.

The Board may (but need not) adopt an official seal for the Authority and adopt such bylaws as it may deem necessary to regulate the affairs of the Authority in accordance with this Agreement. The bylaws may be amended from time to time by the Board of Directors as it may deem necessary.

Section 3.05 -Voting; Quorum.

(a) One half of the representatives on the Board of Directors shall constitute a quorum for the transaction of Authority business. Each Board Director (or in his/her absence alternate Director) shall be entitled to the number of votes corresponding to its Participation Percentage. Any Board member abstaining from a vote shall be counted for purposes of determining the existence of a quorum, but shall not be deemed to be voting.

(b) Unless otherwise specifically provided for herein, any action by the Board of Directors shall require a two-thirds vote of Participation Percentages of the General Members. Any amendment ofthis Agreement shall be governed by Section 7.01.

(c) One half of the members of a Committee shall constitute a quorum. All questions and matters of any nature whatsoever coming before any Committee shall be determined, provided a quorum is present, by the concurrence of 50% of the members of such Committee (as applicable) present and voting on such matter. Any Committee member abstaining from a vote shall be counted for purposes of determining the existence of a quorum, but shall not be deemed to be voting.

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Section 3.06 - Meetings.

Meetings of the Board of Directors and any Committee (to the extent applicable) shall be conducted in accordance with the Ralph M. Brown Act, California Government Code Sections 54950, et seq.

Section 3.07 - Special Activities.

With the prior approval of the Board of Directors, Members may undertake Special Activities in the name of the Authority. Prior to undertaking a Special Activity, the Members electing to participate in the Special Activity shall enter into an activity agreement. Such activity agreement shall provide that (i) no Special Activity undertaken pursuant to such agreement shall conflict with the terms of this Agreement and (ii) the Members to the activity agreement shall indemnify, defend and hold the Authority, and the Authority's other Members, harmless from and against any liabilities, costs or expenses of any kind arising as a result of the Special Activity described in the activity agreement. All assets, rights, benefits, debts, liabilities and obligations attributable to a Special Activity shall be assets, rights, benefits debts, liabilities and obligations solely of the Members that have entered into the activity agreement for that Special Activity, in accordance with the terms of the activity agreement, and shall not be the assets, rights, benefits, debts, liabilities and obligations of those Members that have not executed the activity agreement. Members not electing to participate in the Special Activity shall have no rights, benefits, debts, liabilities or obligations attributable to such Special Activity.

Article IV: Financial Provisions

Section 4.01- Fiscal Year.

The Fiscal Year of the Authority shall be from January 1 through December 31 of each year.

Section 4.02 -Funds; Accounts.

(a) The Wheeler Ridge-Maricopa Water Storage District shall serve as the Fiscal Agent and Treasurer for the Authority unless otherwise directed by the Board. The Fiscal Agent shall be responsible for all money of the Authority from whatever source.

(b) All funds of the Authority shall be strictly and separately accounted for and regular reports shall be rendered of all receipts and disbursements at least quarterly during the Fiscal Year. The books and records ofthe Authority shall be open to inspection by the Members.

(c) The Authority shall contract with a certified public accountant to make an audit or review of the accounts and records of the Authority which shall be conducted in compliance with Section 6505 of the California Government Code. The Fiscal Agent shall have the right to reject any proposed certified public accountant. All costs associated with this Audit will be the full responsibility of the Authority.

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Section 4.03 - Property; Bonds.

The Board of Directors shall from time to time designate the officers and persons, in addition to those specified in Section 4.02 above, who shall have charge of, handle, or have access to any property of the Authority. Each such officer and person shall file a bond in an amount designated by the Board of Directors.

Section 4.04 - Budget.

By a date set by the Board of Directors each Fiscal Year, the Board of Directors shall adopt a budget for the Authority for the ensuring Fiscal Year; provided, that except as provided in Section 4.05, the Authority shall not impose assessments or other charges on Members.

Section 4.05- Contribution To The Authority/Remedies For Non Payment.

(a) All fees, costs and expenses incurred by the Authority shall be funded (i) from voluntary contributions from third parties, (ii) General Assessments on the General Members, levied from time to time by the Board of Directors to carry out the activities of the Authority generally applicable to all General Members, which shall be allocated and levied based on the Participation Percentage of each Member, and (iii) Special Assessments levied from time to time by the Board of Directors pursuant to a Special Activities agreement to implement, construct, operate and maintain any project of the Authority.

(b) Special Assessments, which shall include sufficient funds for the Authority to meet its debt service obligations for Bonds issued by the Authority, shall be levied in proportion to the Members respective Participation Percentage unless otherwise provided in as to Special Activity agreement entered pursuant to Section 3.07, provided, however, the rate of assessment shall vary depending on whether the Bonds attributed to each Member were issued on a tax-exempt basis.

(c) In addition to other remedies which are otherwise available for breach of this Agreement the following shall apply with respect to non payment or late payment of any assessments:

(1) A Member shall be delinquent if assessments (whether General or Special, herein both referred to as "Assessments") are not paid within 60 days of receipt of an invoice for said assessment. Receipt is presumed to occur five days after mailing by first class mail, postage prepaid. A late charge of five percent (5%) ofthe delinquent amount due shall be assessed ifthe assessment is not paid in full within 60 days after the invoice is deemed received. Thereafter, interest shall accrue on all sums in default (including late charges) at the rate of one and one-half percent (1 ~ %) per month until payment is received. If an Assessment (including interest and late charges) remains fully or partially unpaid for 90 days after the invoice was deemed received, an additional five percent (5%) late charge shall be assessed on the amount remaining delinquent.

(2) If payment for an Assessment is not received within 30 days after the initial date of delinquency (that is, 90 days after the invoice is deemed received), and following at least ten days written notice, the delinquent Member shall be deemed to be suspended and shall no longer have any right to utilize any capacities which it has in Authority Projects or programs, nor shall it have the right to vote as a Member of the Authority, until payment is

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received for such delinquent amounts in currently available funds, including all late charges and interest due.

Article V: Management

Section 5.01 -Management.

In addition to, or in lieu of, hiring employees, the Authority may engage one or more parties to manage any or all of the business of the Authority on terms and conditions acceptable to the Board of Directors. A party so engaged may, but need not, be a Member. Any party so engaged shall have such responsibilities as are set forth in the contract for such party's services.

Article VI: Relationship of Authority And Its Members

Section 6.01 -Separate Entity; Property.

In accordance with California Government Code Sections 6506 and 6507, the Authority shall be a public entity separate and apart from the parties to this Agreement. Unless, and to the extent otherwise agreed herein, the debts, liabilities and obligations of the Authority shall not be debts, liabilities or obligations of the Member entities. The Authority shall own and hold title to all funds, property and works acquired by it during the term of this Agreement.

Section 6.02- Admission, Withdrawal And Termination Of Members.

(a) Additional qualified parties may join in this Agreement and become General Members upon the approval of the Board of Directors, subject to terms and conditions as may be established by the Board of Directors. Associate Members may be admitted on terms and conditions established by the Board of Directors. Prior to being admitted as a new Member, an entity shall execute an agreement to be bound by the terms of this Agreement as if such entity had been an original signatory hereto.

(b) Notwithstanding anything herein to the contrary, any Member may withdraw from this Agreement by giving 30 days written notice of its election to do so, which notice shall be given to the Board of Directors and to each of the other parties.

(c) Upon withdrawal, the Member shall not be relieved of all obligations for assessments to pay costs or liabilities of the Authority which were incurred prior to the date of withdrawal.

(d) Any Member that is delinquent on a payment to the Authority by more than 100 days may be terminated by a three-fourths vote of the Board of Directors representing the General Members not subject to the termination vote, and upon termination they shall no longer be a member of the Authority.

(e) Upon termination, the Member shall be entitled to a reimbursement for all assessments collected within 12 months prior to the termination vote and they shall be relieved of all ongoing obligations for assessments to pay costs or liabilities of the Authority which were incurred prior to the date of the termination.

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Section 6.03 - Disposition Of Property Upon Termination Or Determination By Board Of Directors Of Surplus.

(a) Upon termination of this Agreement or upon determination by the Board of Directors that any surplus money is on hand, such surplus money shall be returned to the Members of the Authority which contributed such monies in proportion to their contributions. The distribution of said surplus shall be proportionate to the current year Participation Percentages as shown in Exhibit A, or as modified after the inclusion of new Members.

(b) The Board of Directors shall first offer any surplus properties, works, rights and interests of the Authority for sale to the Member entities and the sale shall be based on the highest bid. If no such sale is consummated, then the Board of Directors shall offer the surplus properties, works, rights and interests of the Authority for sale in accordance with applicable law to any governmental agency, private entity or persons for good and adequate consideration.

Section 6.04 -Liability For Debts.

The Members do not intend hereby to be obligated either jointly or severally for the debts, liabilities or obligations of the Authority, except as may be specifically provided for in California Government Code Section 895.2 as amended or supplemented. Provided, however, if any General Member(s) of the Authority are, under such applicable law, held liable for the acts or omissions of the Authority caused by negligent or wrongful act or omission occurring in the performance of this Agreement, such parties shall be entitled to contribution from the other Members so that after said contributions each General Member shall bear an equal share of such liability, as initially shown on Exhibit A.

Article VII: Miscellaneous Provisions

Section 7.01- Amendment.

This Agreement may be amended from time to time by the concurrence of 75% of all of the General Members, based on the Members respective Participation Percentages. To provide non-concurring parties an opportunity to withdraw from the Authority as provided herein, an amendment shall be binding on all parties 45 days after the required concurrence has been obtained.

Section 7.02- Severability And Validity Of Agreement.

Should the participation of any party to this Agreement, or any part, term or provision of this Agreement be decided by the courts or the legislature to be illegal, in excess of that party's authority, in conflict with any law ofthe State of California, or otherwise rendered unenforceable or ineffectual, the validity of the remaining portions, terms or provisions of this Agreement shall not be affected thereby and each party hereby agrees it would have entered into this Agreement upon the remaining terms and provisions.

Section 7.03 - Assignment.

Except as otherwise provided in this Agreement, the rights and duties of the parties to this Agreement may not be assigned or delegated without the advance written consent of the

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Authority, and any attempt to assign or delegate such rights or duties in contravention of this section shall be null and void. Any assignment or delegation permitted under the terms of this Agreement shall be consistent with the terms of any contracts, resolutions or indentures of the Authority then in effect. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto. This section does not prohibit a party from entering into an independent agreement with another agency regarding the financing of that party's contributions to the Authority or the disposition of proceeds which that party receives under this Agreement so long as such independent agreement does not affect, or purport to affect, the rights and duties of the Authority or the parties under this Agreement.

Section 7.04- Execution In Parts Or Counterparts.

This Agreement may be executed in parts or counterparts, each part or counterpart being an exact duplicate of all other parts or counterparts, and all parts or counterparts shall be considered as constituting one complete original and may be attached together when executed by the parties hereto. Facsimile or electronic signatures shall be binding.

Section 7.05- Notices.

Notices authorized or required to be given pursuant to this Agreement shall be in writing and shall be deemed to have been given when mailed, postage prepaid, or delivered during working hours to the addresses set forth for each of the parties hereto on Exhibit "A" of this Agreement, or to such other changed addresses communicated to the Authority and the Member entities in writing, and to such other entities that become Members.

Section 7.06- Dispute Resolution.

In the event there are disputes and/or controversies relating to the interpretation, construction, performance, termination, breach of, or withdrawal from this Agreement, the parties involved shall in good faith meet and confer amongst themselves in an attempt to informally resolve such matter(s). If the parties are unsuccessful in resolving such matter(s) through an informal meeting process within sixty (60) days, they shall attempt to resolve such matter(s) through mediation. If they are unable to resolve such matter(s) through mediation within ninety (90) days, they may attempt to settle such issue(s) by arbitration under the rules and regulations of the American Arbitration Association. Any party requesting arbitration under this Agreement must make a request on the other parties by registered or certified mail with a copy to the American Arbitration Association.

IN WITNESS WHEREOF, the parties hereto, pursuant to resolutions duly and regularly adopted by their respective Board of Directors or governing board, have caused their names to be affixed by their proper and respective officers as of the day and year first above-written.

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NAME OF MEMBER:

By:

Its:

Address:

Member's Table A Allocation: Acre Feet --------------------------------

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Exhibit A

General Members

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SOUTH VALLEY WATER RESOURCES AUTHORITY ACTIVITY AGREEMENT FOR

Draft 5/11/15

A FEASIBILITY ANALYSIS OF THE FISH FRIENDLY DIVERSIONS PROJECT

THIS ACTIVITY AGREEMENT is made effective as of June 1, 2015, by and among the Members of the South Valley Water Resources Authority ("Authority") that execute this Agreement, and is made with reference to the following facts:

A. The Parties to this Agreement, identified as the Project Members, are Members of the Authority pursuant to a South Valley Water Resources Authority Joint Powers Agreement ("JP A") effective as of April 20, 2015.

B. Section 3.07, of the JPA provides a mechanism for a special activity to be undertaken in the name of the Authority by Members of the Authority if the Members electing to participate in the Special Activity enter into an activity agreement, as therein further provided.

C. The Project Members wish, as a special project, to conduct a comprehensive feasibility analysis of the Fish Friendly Diversions Project ("Project"). Fish Friendly Diversions involve diversion of water from sensitive ecosystems in a manner that minimizes impacts on aquatic organisms by taking advantage of their innate behavioral characteristics. The Project shall include, funding for feasibility studies, environmental review and permit application and approval. The feasibility studies shall include economic, engineering, environmental and related studies, and development and operation of a pilot study for the proposed Project.

THEREFORE, in consideration of the facts recited above and ofthe covenants, terms and conditions set forth herein, the Parties agree as follows:

Section 1 Definitions:

(a) "Project Expenses" shall mean costs and expenses resulting from activities undertaken under this Agreement, whether incurred by the Authority itself or jointly by Project Members.

(b) "Project Members" shall mean the members of the Authority that are signatories to this Agreement. Project Members shall sometimes be referred to herein as "Party" or "Parties".

Section 2 Purpose:

(a) The purpose ofthis Agreement is to provide for allocation of rights and responsibilities among Project Members, including funding, administration and coordination of activities related to the Project, as generally described in Recital C. The activities authorized to carry out the purposes of this Agreement shall be limited to those authorized by the Project Management Committee (defined in Section 3 of this Agreement) from time to time in accordance with this Agreement, that are consistent with this Section 2. Notwithstanding any

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Draft 5111/15

provisions of this Agreement, no activity undertaken pursuant to this Agreement shall conflict with the terms of the JPA. As part of, and in support ofthis activity, the Project Management Committee may retain and engage various consultants from time to time.

Section 3 Organization:

(a) Governing Body. Each Project Member shall appoint one representative to the Project Management Committee, which shall be responsible for conducting the business of the Project Members under this Agreement. Appointment of members of the Project Management Committee shall be by action of the governing body of the Project Members, and shall be effective upon the appointment date as communicated in writing to the Authority. Each member shall serve on the Project Management Committee from the date of appointment by the governing body of the Project Member he/she represents at the pleasure of such governing body.

(b) Executive Committee. There may be an Executive Committee elected by and from the Project Management Committee, consisting of three to eight members. The number of members on the Executive Committee shall be determined by the Project Management Committee. If created, the Executive Committee shall have the authority to make determinations that are necessary to carry out the purposes of this Activity Agreement which need to be made between regularly scheduled meetings of the Project Management Committee, as such authority may be more particularly described or limited by the Project Management Committee.

(c) Meetings. The Chairman of the Project Management Committee or a majority of the members of the Project Management Committee, are authorized to call meetings of the Project Management Committee as necessary and appropriate to conduct the business of the Project under this Agreement. The Chairman of the Executive Committee is authorized to call meetings of the Executive Committee. Attendance by a quorum of the members of the Project Management Committee and the Executive Committee shall be required for their respective meetings. All such meetings shall be open to the public and subject to notice and location requirements as set forth in the Ralph M. Brown Act (Government Code Sections 54950 et seq.).

(d) Quorum and Voting. A majority of the then-appointed representatives constitutes a quorum of the Project Management Committee. Each Project Management Committee member shall have the votes corresponding to the Participation Percentages provided for at Section 6 of this Agreement. All actions of the Project Management Committee must be taken by two thirds vote of the Participation Percentages of the members present and voting. These same quorum and voting provisions shall apply to any Executive Committee that may be created.

(e) Officers. The Project Management Committee shall select from among its members a Chairman, who shall act as presiding officer, and a Vice Chairman, to serve in the absence of the Chairman. There also shall be selected a Secretary, who may, but

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need not be, a member of the Project Management Committee. All elected officers shall remain in office at the pleasure of a majority vote of the Project Management Committee.

(f) Powers and Limitations Thereon. Subject to the direction of the governing bodies of the Project Members, the Project Management Committee shall undertake all actions reasonably necessary for carrying out this Agreement.

Section 4 Funding:

(a) Budget. The Project Members shall have the authority and the obligation, in cooperation with the Board of the Authority, to provide and approve a budget for the activities authorized by this Agreement, annually or more frequently as needed, for presentation to the Board of the Authority under the JPA. No budget shall be deemed approved until it is approved by both the Project Management Committee and the Authority's Board.

(b) Fiscal Agent. The fiscal agent for the Project shall be the same as the fiscal agent for the Authority. Not later than the 60th day of each calendar quarter, the fiscal agent shall invoice each Party for that Party's share (based on that Party's participation percentage set forth on Exhibit A) of the anticipated costs for activities undertaken under this Agreement for the next calendar quarter as determined by the Project Management Committee, which amount shall be paid to the fiscal agent by the Parties within 30 days of the receipt of such invoice. With the approval of the Project Management Committee, the fiscal agent may also make additional calls for funds from the Parties if needed to pay expenses incurred under this Agreement, subject to the approved budget for activities under this Agreement. The fiscal agent shall deposit all amounts received and account for them separately. The fiscal agent shall pay all bills approved by the Project Management Committee from funds on deposit. The fiscal agent shall also provide monthly reports to the other Parties reflecting all receipts and disbursements of funds provided under this Agreement. The books and records of the fiscal agent relating to activities undertaken under this Agreement shall be open to inspection by the other Parties during reasonable business hours.

(c) Allocation of Obligations. Should the Authority, acting for the Parties under this Agreement enter into any contract or other voluntary obligation, such contract or obligation shall be in the name of the Authority; provided, that all financial obligations thereunder shall be satisfied solely with funds provided by the Parties under this Agreement. Such costs invoiced shall constitute a Special Assessment as provided in Section 4.05 ofthe JPA and the Authority shall have the remedies therein described in event of non-payment or late payment of such Assessments. Further, if the fiscal agent, the Authority or any Party is held liable for any amounts caused by an act or omission occurring in the performance of this Agreement, the fiscal agent, the Authority and such Party shall be entitled to contribution from each of the Project Members so that each Party shall bear the share of such liability equal to the amount of such liability multiplied by its participation percentage in existence at the time the subject act or omission occurred. Each Project Member shall indemnify, defend and hold the other Parties (including without limitation the Authority and the fiscal agent) harmless from and against any liability, cause of action or damage (a "Cost") arising out of the performance of this

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Agreement which is in excess of the amount of such Cost multiplied by each Party's participation percentage. Notwithstanding the foregoing, to the extent any such liability is caused by the negligent or wrongful act or omission of a Party to this Agreement, such Party shall bear the entire amount of such liability. Upon approval by the Project Management Committee, the fiscal agent shall be reimbursed from funds provided under this Agreement for its reasonable administrative costs incurred in connection with activities undertaken under this Agreement

Section 5 Allocation of Project Expenses and Indemnity for Members That Are Not Parties:

The Project Members agree that all Project Expenses incurred by them and/or by the Authority under this Agreement are solely the costs of the Project Members, and not of the Authority or the Members of the Authority that do not execute this Agreement, and such costs shall be paid by the Project Members. The Project Members further agree to pay that share of any Authority costs reasonably allocated by the Authority's Board to cover the cost to the Authority of administering this Agreement. The Parties to this Agreement shall jointly and severally indemnify, defend and hold the Authority and the members of the Authority that are not Parties under this Agreement ("Non-Participating Members") harmless from and against any liabilities, costs or expenses of any kind arising as a result of the activities described in or undertaken pursuant to this Agreement; provided, however, such joint and several obligations to Non-Participating Members shall not affect an indemnifying Member's rights to contribution from other Parties as provided in Section 4( c). All assets, rights, benefits, debts, liabilities and obligations attributable to activities undertaken under this Agreement shall be assets, rights, benefits debts, liabilities and obligations solely of the Parties that have entered into this Agreement in accordance with the terms hereof, and shall not be the assets, rights, benefits, debts, liabilities and obligations of those members of the Authority that have not executed this Agreement.

Section 6 Participation Percentages:

Each Project Member agrees to pay that share of costs for activities undertaken pursuant to this Agreement incurred on behalf of all of the Project Members, whether undertaken in the name of the Authority or otherwise, equal to such Party's participation percentage as established in this Section 6. The initial participation percentages of the Parties are set forth in the attached Exhibit A, based on the SWP Table A Amount of each Member (or equivalent thereto as a Member Unit of the Kern County Water Agency). The participation percentages of each Project Member may be modified by the Project Management Committee from time to time as the result of the admission of a new Party to this Agreement or the withdrawal of a member, and Exhibit A shall be amended to reflect all such changes. Such amended Exhibit A shall, upon approval by the Project Management Committee, be attached hereto and upon attachment, shall supersede all prior versions of Exhibit A without the requirement of an amendment of this Agreement. Should Project Members wish to pursue the Project beyond the feasibility analysis conducted under this Agreement, Project Members shall have the right, but not the obligation, to generally the same proportional share of rights and responsibilities as exist in this Agreement under the then most

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current Exhibit A, recogmzmg that the participation percentages in the special activities agreement for the new activity might be adjusted to provide for new or withdrawn Project Members. The addition of new Authority or Project Members to allow their participation in a new Project activity will be subject to Section 10 of this Agreement to determine their addition as a member for that new Project activity and any conditions to their addition.

Section 7 Source ofPavments:

Each Project Member agrees that it will fix rates, charges or assessments in connection with its operations so that it will at all times have sufficient money to meet its obligations hereunder.

Section 8 Term:

This Agreement shall take effect on June 1, 2015 provided that it is executed by at least five Members of the Authority and shall remain in full force and effect until this Agreement is amended, rescinded or terminated by the Project Members. Notwithstanding the foregoing, upon the expiration or termination of the JP A, this Agreement shall terminate and all uncommitted funds contributed by each Project Member shall be returned to such Project Member. Provided, however, obligations under Sections 4(c) and 5 shall survive the termination or amendment of the JP A or this Agreement, or the withdrawal of any or all indemnifying Project Member from the JPA or from this Agreement.

Section 9 Withdrawal From Further Participation:

To withdraw from this Agreement, a Project Member shall give the Authority and other then-current Project Members written notice of such withdrawal not less than 30 days prior to the effective withdrawal date. As of the effective withdrawal date, all rights of participation in this Agreement shall cease for the withdrawing member, and withdrawing member shall within 30 days, pay all financial obligations incurred by such withdrawing member that existed up to and including the date written notice of withdrawal was provided. Upon withdrawal of a Party to this Agreement, the participation percentages described in Section 6 shall be automatically recalculated to distribute such participation percentages among all Project Members on a prorated basis.

Section 10 Admission ofNew Members:

Members of the Authority who are not Project Members may become Project Members upon a vote of three quarters of Project Members present and voting on such matter and the consent of the Authority, and upon such conditions as are fixed by such Project Members, which conditions may include provisions for reimbursing the existing Project Members for the proportionate share of funds advanced to date. Upon admission of a new Party to this Agreement, the participation percentages described in Section 6 shall be automatically recalculated to distribute such participation percentages among all Project Members on a prorated basis.

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Section 11 Amendments:

Except as provided in Sections 9 and 10, this Agreement may be amended only by a writing executed by all of the Project Members.

Section 12 Assignment; Binding on Successors:

Except as otherwise provided in this Agreement, the rights and duties of the Parties to this Agreement may not be assigned or delegated without the written consent of all the other Parties to this Agreement. Any attempt to assign or delegate such rights or duties in contravention of this Agreement shall be null and void. Any approved assignment or delegation shall be consistent with the terms of any contracts, resolutions, indemnities and other obligations of the Authority then in effect. This Agreement shall inure to the benefit of, and be binding upon, the successors and assigns of the Authority and the Parties to this Agreement.

Section 13 Counterparts:

This Agreement may be executed by the Project Members in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. Facsimile and electronic signatures shall be binding.

Section 14 Severability:

If one or more clauses, sentences, paragraphs or provisions of this Agreement shall be held to be unlawful, invalid or unenforceable, the remainder of the Agreement shall not be affected thereby.

Section 15 Dispute Resolution:

In the event there are disputes and/or controversies relating to the interpretation, construction, performance, termination, breach of, or withdrawal from this Agreement, the Parties involved shall in good faith meet and confer amongst themselves in an attempt to informally resolve such matter(s). If the Parties are unsuccessful in resolving such matter(s) through an informal meeting process, they shall attempt to resolve such matter(s) through mediation. If they are unable to resolve such matter(s) through mediation, they may attempt to settle such issue(s) by arbitration under the rules and regulations of the American Arbitration Association. Any Party requesting arbitration under this Agreement must make a request on the other Parties by registered or certified mail with a copy to the American Arbitration Association.

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NAME OF MEMBER:

By:

Its:

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EXHIBIT A

PROJECT PARTICIPATION PERCENTAGES AS OF JUNE 30,2015

PROJECT MEMBER

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PARTICIPATION PERCENTAGE

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20, 2015

TOPIC: 2015 Drought Committee report

ITEM FOR: Discussion

PURPOSE: Keep Board informed

IMPACT: Water Supply, Operations

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY

\GENOA ITEM:_:t

The ad-hoc Drought Committee met on May 14 and this is the report from that meeting.

BACKGROUND The ad-hoc Drought Committee was formed to provide continuing oversight of the district's actions to address the historic drought. The committee plans to meet monthly. Minutes from the May 14 meeting are attached. A brief oral report will be provided by management at the Board meeting.

FISCAL IMPACT None.

COMMITTEE RECOMMENDATION ( The ad-hoc Drought Committee recommends that the Board review the minutes and discuss the issues as appropriate.

STAFF RECOMMENDATION None.

ATTACHMENTS Minutes of May 14, 2015 ad-hoc Drought Committee.

Tehachapi-Cummings County Water District

Our \.%ter • Our Future

MEETING MINUTES

Subject:

Date:

Location:

Drought Committee Meeting

May 14, 2015, 9:00AM

TCCWD Board Room

Present: David Worden, Dave Hadley, John Martin, Tom Neisler

1. Reservoir status discussed a. Full b. April 1 importation start c. June 1 plan to begin 3 engine operations d. Weather impacting use

i. Less demand than forecast ii. Will catch up over time

2. Weekly Forecast presented and discussed 3. Drought workshop at Board of Realtors described and discussed

a. Good turnout b. Presentations by local agencies

i. John Martin and Liz Block represented TCCWD 4. Drought Restrictions/Requirements described and discussed

a. Provisions in place b. Pent up demand for proposed ag interests

5. DTR interruption described a. Valley Sod using SWP water b. HTGC limiting irrigation to extent possible c. Interruptions could lead to long term problems

i. Potential loss of users 6. Action Items

Number Item Description Responsible

1. None

2.

3. 4.

5. 6.

7. 8.

Drought Comm Meeting Minutes 150514.docx

Due Date Complete

Page 1 of 1

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20, 2015

AGENDA ITEM:.La_

TOPIC: Adopt Resolution 6-15 Transferring Funds from Fund 60184 (Prop 84 Grant) to Fund 60170 (General)

ITEM FOR: Action

PURPOSE: Return money forwarded for grant implementation

IMPACT: Fiscal/Budget

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY Adoption of this resolution will transfer $160,474.06 from the Prop 84 Grant Fund to the General Fund as partial repayment of money provided by the General Fund pending reimbursement by DWR.

BACKGROUND The district is implementing the Tehachapi Water Use Efficiency Program under a grant from the Department of Water Resources under Proposition 84. The Kern Water Bank Authority is the grantee and TCCWD is one of the subgrantees. Money from the state comes as reimbursement of expenditures well after the costs are incurred. To date, $250,000 has been transferred from the General Fund to pay the bills for the program.

On May 1, we received email confirmation from KWBA that they had received payment for pay requests 1 and 2 (costs through 12/31/14) and that they would be distributing checks after their May 11 board meeting. Although we have not received the check as of this writing, I anticipate that it will arrive soon. Our share of the reimbursement is $160,650.01.

The amount of the transfer does not match the reimbursement amount. The transfer is $160,474.06, which is $150,000 repayment to the General Fund plus $10,474.06 reimbursement of administrative labor costs accounted for in the General Fund in the quarter ending 12/31/14. The transfer will occur after we receive the check from KWBA.

FISCAL IMPACT $160,474.06 will be transferred from Fund 60184 to Fund 60170.

COMMITTEE RECOMMENDATION None.

STAFF RECOMMENDATION The general manager recommends that the Board adopt Resolution 6-15 Transferring Funds from Fund 60184 (Prop 84 Grant) to Fund 60170 (General).

ATTACHMENTS Proposed Resolution 6-15.

A. Recital

RESOLUTION NO. 6-15

RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT

FOR TRANSFER OF FUNDS

It is necessary in order to maintain proper cash flow for payment of District

obligations to transfer from Fund 60184 to 60170 the amount of$160,474.06.

B. Resolution

NOW, THEREFORE, BE IT DETERMINED AND RESOLVED that the Auditor-

Controller be authorized and directed to transfer the sum of$160,474.06 from Fund

60184 (IRWM Grant Prop. 84) to Fund 60170 (General).

ADOPTED this 20th day ofMay 2015.

David E. Worden, President

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

MAY20,2015

TOPIC: Set Date for Benefit Assessment Hearing

ITEM FOR: Action

PURPOSE: Schedule Public Hearing

IMP ACT: None

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY

AGENDA ITEM:Jl

A public hearing must be held to allow for comments or protests for the 2015-16 Benefit Assessment for Improvement District 1. The purpose of the assessment is to fund the operation, maintenance, repair and replacement costs of the Tehachapi Watershed Project.

BACKGROUND

The District levies an annual assessment on all non-exempt parcels of land, utility rights-of-way and improvements within Benefit Assessment Zone No. 1. The County of Kern collects the assessments for the District as part of the tax roll. The resolution and the assessment report must be submitted to the County by August 10, 2015 to be included in the property tax bills. The written Report of Proposed Benefit Assessment for the Tehachapi Watershed Project for Fiscal Year 2015-16 and resolution determining benefit assessment must be adopted by the Board prior to that deadline.

This public hearing is normally held on the same day and time of the regular Board meeting in July. This year, the date will be July 15.

FISCAL IMP ACT

None

COMMITTEE RECOMMENDATION

None

STAFF RECOMMENDATION

The General Manager recommends that the Board schedule the public hearing for the 2015-16 Benefit Assessment at 4:00p.m. on July 15, 2015.

ATTACHMENTS None

AGENDA ITEM: I~

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20,2015

TOPIC: Approve Agreement with County of Kern for the Collection of Special Assessments

ITEM FOR: Action

PURPOSE: This is an agreement between the District and the County of Kern, which provides for compensation to the County for collecting special assessments for Benefit Assessment Zone No.1.

IMP ACT: Fiscal

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY

The District levies an annual assessment on all non-exempt parcels of land, utility rights-of-way and improvements within Benefit Assessment Zone No. 1 for operation and maintenance costs, including reserves for repair and replacement of facilities. The County of Kern has the capability and is willing to collect these assessments on behalf of the District as part of the tax roll. There will be a not-to-exceed charge of $1.00 per parcel for collection of the assessments.

BACKGROUND

A special election was held on June 5, 1984 of all of the eligible voters with Zone No. 1 and a majority of the voters approved the levy of annual assessments on all non-exempt parcels of land, utility rights-of-way and improvements within Zone No. 1. Since that time, the County of Kern has collected the assessments as part of the general tax roll.

FISCAL IMP ACT

This assessment provides $106,000 for the operation, maintenance, and replacement costs of the Tehachapi Watershed Project.

COMMITTEE RECOMMENDATION

None

STAFF RECOMMENDATION

The General Manager recommends the Board approve this agreement.

ATTACHMENTS

Agreement for the Collection of Special Assessments

AGREEMENT FOR THE COLLECTION

OF SPECIAL ASSESSMENTS

THIS AGREEMENT, made and entered into this 20th day of May 2015 , by and between the

COUNTY OF KERN, a political subdivision of the State of California, (hereinafter referred to as

"COUNTY"), and TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT, apolitical

subdivision within the State of California, (hereinafter referred to as "DISTRICT").

W I T N E S S E T H:

WHEREAS:

(a) DISTRICT has heretofore utilized the services of COUNTY in the collection of its taxes

and assessments; and

(b) DISTRICT is desirous of contracting with COUNTY pursuant to Section 29304 of the

Government Code to utilize COUNTY'S tax collections personnel and procedures on its behalf to

collect DISTRICT'S special assessments; and

(c) COUNTY is capable and willing to employ its usual collection procedures on

DISTRICT'S behalf for special assessments lawfully established and levied by DISTRICT, and

COUNTY is willing to attempt to collect them at the same time and in the same manner as other taxes

on the tax roll are collected; and

(d) Section 29304 of the Government Code provides for compensation to be paid to

COUNTY for collecting special assessments for DISTRICT and further provides that the amount of

said compensation shall be fixed by agreement and added to the amount of the special assessments to be

collected by COUNTY;

1

Agreement County of Kern Page2

NOW THEREFORE, it is mutually agreed as follows:

1. COUNTY shall use good faith efforts in attempting to collect special assessments

lawfully and properly levied by DISTRICT, using the same procedures and methods used to collect

other taxes on the tax roll. COUNTY is acting solely as DISTRICT'S agent hereunder, consequently

COUNTY'S liability for collection efforts hereunder shall be limited to liability associated with

administratively handling the actual receipt and disbursement of DISTRICT'S special assessments.

DISTRICT hereby agrees to indemnify and defend COUNTY for any claim or liability that exceeds the

COUNTY'S liability set forth herein. All routine refunds or cancellations of invalid or erroneous

assessments shall be made or handled on behalf of DISTRICT by the respective departments of

COUNTY.

2. The following charge shall be added to each special assessment, and when a special

assessment is collected in installments said added charge shall be likewise collected in equal parts by

COUNTY'S Tax Collector for distribution to the general fund of COUNTY.

For special assessments levied upon any land or real property by any city, county, district

or other public corporation, officer or body: a charge not to exceed $ 1.00 per special

assessment per year for each parcel bearing such an assessment.

3. Payments to DISTRICT will be made at the same times and in the same manner as

DISTRICT'S ad valorem taxes are paid to the DISTRICT.

4. This AGREEMENT may be terminated for the ensuing fiscal year by giving ten (1 0)

days notice in writing to the other party prior to June 1 of the preceding fiscal year.

5. Notice given to the parties under this AGREEMENT shall be deemed given when sent

to the following officials and places:

2

Agreement County of Kern Page 3

To COUNTY:

To DISTRICT:

Office of the Auditor/Controller/County Clerk County of Kern County 1115 Truxtun A venue Bakersfield, CA 93301

Tehachapi-Cummings County Water District P. 0. Box 326 Tehachapi, CA 93581

IN WITNESS WHEREOF, pursuant to the authority granted by resolution duly adopted

by its Board of Directors the DISTRICT has caused this AGREEMENT to be subscribed by its

Chairman and attested by its Clerk, and pursuant to the authority granted by order duly enacted by its

Board of Supervisors, the COUNTY has caused this AGREEMENT to be subscribed by the County

Auditor/Controller/County Clerk.

APPROVED AS TO FORM:

By: __________________________ ___ County Counsel, County of Kern

COUNTY OF KERN

By: ____________________________ __ Mary B. Bedard Auditor/Controller/County Clerk For Chairman, Board of Supervisors

DISTRICT

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT

By: --------------------------------David E. Worden, President

Word/Special Assessments/Agreement to Collect Special Assmt & Fees-District

3

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

MAY20,2015

AGENDA ITEM: r~ TOPIC: Receive and File Quarterly Investment Report

ITEM FOR: Action

PURPOSE: Provide accountability and transparency regarding the investment of public funds

IMPACT: Policy, Fiscal/Budget

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY When the Board receives and files this report, it acknowledges that public funds were invested in compliance with the District's investment policy during the preceding quarter.

BACKGROUND Resolution 5-96 sets forth the District's investment policy. The policy is "District funds shall be invested in a County investment pool administered by the Treasurer of the County of Kern." All monies under management's control are invested in the Kern County Treasury Pool. A small amount is retained in a checking account with the Bank of the West to enable banking transactions between the District and Kern County and $200 is kept in the District's office safe for petty cash needs. All deposits made to the Bank of the West checking account are swept by Kern County daily.

During the quarter ending March 31, 2015, the District's cash balance increased $17,461. Money on deposit with the Kern County Treasurer earned 0.36% annualized during the quarter.

FISCAL IMPACT No direct impact on revenues or expenditures. This item is intended to provide information to the Board and the public and to demonstrate compliance with the District's investment policy.

STAFF RECOMMENDATION The General Manager recommends that the Board receive and file the quarterly investment report.

ATTACHMENTS Quarterly Report of Investment Statement of Investment Policy March 31, 2015 reports from Kern County Treasurer and Union Bank

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT

QUARTERLY REPORT OF INVESTMENT

Quarter Ending March 31, 2015

Balance on Net Balance on Accrued Balance Incl. 12/31/2014 Transactions 3/31/2015 Interest Accr. Interest

Accounts Kern County TreaSJ.!IY Pool $10,102,673 $ 17,461 $10,120,134 $14,050 $10,134,184 Bank of the West- Checking 2,000 - 2,000 n/a 2,000 Petty Cash 200 - 200 n/a 200

Total All Accounts $ 10,104,873 $ 17,461 $ 1 0,122,334 $14,050 $ 10,136,384

STATEMENT OF COMPLIANCE

All investments are authorized pursuant to and consistent with the Tehachapi-Cummings County Water District's Investment Policy (attached).

The district possesses no securities under the management of any outside party except as disclosed by the Kern County Treasurer.

The District is able to meet its cash flow needs through September 30, 2015.

John Martin, General Manager

Annualized Yield

0.56% n/a n/a

4/30/2015 9:51AM \\tccwd-dc01\Users~martin\My Documents\xlsfiles\INCOME\treasurer report.xlsx Quarterly

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT

Resolution No. 5-96

-A RESOLUTION OF THE BOARD OF DIRECTORS

OF THE·TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT ADOPTING STATEMENT OF INVESTMENT POLICY

WHEREAS, section 53646 of the Government Code requires the legislative body of a local agency to consider and adopt a statement of investment policy; and

WHEREAS, by Resolution No. 6-65, the District designated the Treasurer of the County of Kern as the District's depository pursuant to sections 31305 et seq. of the Water Code; and

WHEREAS, to the extent the District has any power to direct the investment of District monies, the Board of Directors of the District desires to adopt an investment policy to comply with requirement of section 53646 of the Government Code;

NOW 1 THEREFORE, BE IT RESOLVED by the Board of Directors of the TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT as follows:

1. Each of the matters set forth above is true and correct and the Board of Directors so finds and determines.

2. The Board of Directors hereby adopts the Statement of Investment Policy set forth in Exhibit A hereto as the investment policy of the District.

3. Exhibit A is hereby incorporated herein by reference.

PASSED, APPROVED and ADOPTED by the Board of Directors of the TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT this 20th day of March, 1996.

Karl M. Backes President

I, ROBERT J. JASPER, Secretary of the Board of Directors of Tehachapi-Cummings County Water District do hereby certify that the forgoing Resolution was introduced at a regular·meeting of the Board held on the 20th day of March, 1996 and was passed by the following vote:

Ayes: Directors: Backes, Cowan, Prel & Vukich

Noes: Directors: None

Absent: Directors: Conner

Abstain: 'D;i.rectors None

Secretary

C:\WPDOCS\T-CCWD\RES0.-96

2

\

TEHACHAPI-CUMMINGS .COUNTY WATER DISTRICT

STATEMENT OF INVESTMENT POLICY

I. PURPOSE

The purpose of this statement of investment policy (the "Policy") is to set forth the investment policy of the District with respect to investments of District funds under Article 1 (commencing with section 53600) and Article 2 (commencing with section 53630) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code. 1

II. OBJECTIVES

The primary obj.ective o'f the District in the management of District funds shall be to safeguard the principal of the funds. The seco~dary objective shall be to meet the liquidity needs of the District. The third objective shall be to achieve a return on the funds. (See, § 53600.5.)

III. LEGAL INVESTMENTS

District funds shall be invested in a county investment pool administered by the Treasurer of the County of Kern.

IV. REPORTING REQUIREMENTS

The annual stat~ents and quarterly reports submitted by the Treasurer of the County of Kern to the District pursuant to sub~ivision (e) of section 53646 shall be received and co~sidered by the Board pursuant to subdivisions (a) and (b).

C:\WPDOCS\T-CCWD\STATEPOL.WD

1 All statutory references are to the Government Code unless otherwise indicated.

EXHIBIT A

Kern County Treasurer-Tax Collector

Jordan Kaufman, Kern County Treasurer- Tax Collector Chase Nunneley, Assistant Treasurer- Tax Collector

May 5, 2015

Board of Supervisors Kern County Administrative Center 1115 Truxtun Avenue Bakersfield, CA 93301

Jordan Kaufman Treasurer and Tax Collector

Chase Nunneley Assistant Treasurer and Tax Collector

Treasurer's Pooled Cash Quarterly Portfolio Reporting for Quarter Ended March 31, 2015

Interest earnings of the Treasurer-Tax Collector's pooled money investment program for the quarter ended March 31, 2015 were $3,395,757. These earnings represented a net annualized yield of 0.564% on a $2,447,173,539 net average daily balance of all money in the County Treasury for the same quarter. For reference, a comparable statement ot"interest earnings and pertinent statistical data, on a quarterly basis for the quarter ended March 31, 2015 is attached. The investment program generates millions of dollars of additional operating program revenue for the County, schools, and special purpose districts. Interest earnings were distributed to participating funds in the County Treasury and the information is available on our website.

The attached Pooled Cash Portfolio Analysis for quarter ended March 31, 2015 is presented at fair market value in accordance with Statement No. 31 of the Governmental Accounting Standards Board (GASB), Accounting and Financial Reporting for Certain Investments and for External Pools. As defined, the Treasurer's Pooled Cash Portfolio is an external pool and must report in accordance with GASB 31 for fiscal years beginning after June 15, 1997. The reporting at fair market value is for compliance with GASB 31 and not to be used for budgetary purposes, since actual fund value and interest allocated in the Treasurer's Pool are on an accrued accounting basis according to generally accepted principles.

California Government Code Section 53646 (b)(2) requires a report of "compliance with the statement of investment policy, or manner in which the portfolio is not in compliance". As of the report date, all investments were in compliance with State law and our Investment Policy adopted by the Board of Supervisors on December 2, 2014.

California Government Code Section 53646 (b)(3) requires a "statement denoting the ability of the local agency to meet its pool's expenditure requirements for the next six months, ... "To the best of my knowledge, the Treasurer's Pooled Cash Portfolio has sufficient liquidity to meet its obligations for the next six months.

California Government Code Section 53646 (b}(1) requires disclosure of securities "under management of any outside party that is not also a local agency or the State of California Local Agency Investment Fund ... " Kern County holds securities in various trust accounts held in custody by third parties. These trusts were created through debt issuance, and serve to protect the County and the bondholders. A summary report of those trusts is attached for your review.

In accordance with California Government Code Section 30063(b), monies deposited into the Supplemental Law Enforcement Services Fund (SLESF-fund number 24068) are invested in the Treasurer's Pooled Cash Portfolio.

For your Board's information, all County agencies are required to provide the same public reporting to their governing bodies when investing funds derived from surplus monies and/or debt issuance. The only exception, by law, is for funds invested in the Local Agency Investment Fund (LAIF) or insured deposits of $100,000 or less per institution.

I hereby certify that the investments herein are made in accordance with California Government Code Section 53635 and the Investment Policy of the Kern County Treasurer and Tax Collector as filed with the Board of Supervisors on December 2, 2014.

This information is now available on our website:

http://www.kcttc.co.kern.ca.us

IT IS RECOMMENDED that your Board RECEIVE AND FILE this information.

Sincerely,

Jordan Kaufman Treasurer and Tax Collector

cc: John Nilon, County Administrative Office Mary B Bedard, Auditor-Controller-County Clerk All Interested Parties

Attachments

KERN COUNTY TREASURER AND TAX COLLECTOR 1115 Truxtun Avenue * Bakersfield, California 93301-4639 * (661) 868-3490 * (800) 552-KERN

Fax: (661) 868-3409 *Website: www.kcttc.co.kern.ca.us *Email: 2servu@co.kern.ca.us

December 31, 2014

June 30, 2014

Investment Earnings

Kern County Treasurer-Tax Collector's Comparative Statement of Interest Earnings and Statistical Data

$2,081,841.04 $2,234,643,274.10 0.369% 0.03%

$2,145,593.81 $2,537,238,678.32 0.339% 0.03%

Interest is computed on the accrual basis of accounting on the average daily balance method of apportionment, simple interest method, and net of all administrative costs.

0.01%

0.01%

Total Market Value

Total Accrued Interest

Yield to Maturity at Cost

Yield to Maturity at Market

Effective Duration

Weighted Average Days to Maturity

$1,000

$900

$800

$700

"' $600

c::: ;.§

$500 ~ $400

$300

$200

$100

$0 Overnight 2 Days-

1 Month 1-3

Months

Kern County Treasurer's Pooled Cash Portfolio Summary

March 31, 2015

0.40% Portfolio Yield for the Trailing 4 Quarters

$2,593,636,168

$5,472,392 0.35% t··----------·r.---~----------~~::::::::; 0.30%

0.66%

0.69%

1.14

502

0.25% "C ] 0.20% ;;...

0.15%

0.10%

0.05%

0.00%

::=~~======~===:=~~=~=~-~ -------------------------------------------------------------------------- ~Kern Portfolio --

-LAIF

-.-1 YearT-Bill

Mar 2014 Jun 2014 Sep 2014 Dec 2014

Current Distribution to Maturity or Expected Call Date

3-6 Months

6-9 Months

Page 1 of8

9-12 Months

1-2 Years

2-3 Years

3-4 Years

4-5 Years

Over 5 Years

Pooled Funds

Money Market Accounts

Federal Agencies

Supranationals

Negotiable CDs

Commercial Paper

Corporate Notes

Asset-Backed Securities

Total Securities

Total Cash

Total Assets

$1,000

$900

$800

$700

.., $600 = C>

~ $500

$400

$300

$200

$100

$0 Cash

Accounts LAIF

48,523.05

19,312.83

862,386.00

30,000.00

435,000.00

575,000.00

541,906.00

10,000.00

2,522,127.87

60,498.63

2,582,626.50

Kern County Treasurer's Pooled Cash Portfolio Summary

March 31, 2015

48,523.05 48,523.05 -19,312.83 19,312.83 -

862,773.29 864,614.92 2,107.33

30,000.00 30,042.22 45.24

435,002.10 434,973.82 283.84

574,666.26 574,857.42 -559,890.30 550,723.93 2,908.33

11,118.75 10,089.36 127.65

2,541,286.57 2,533,137.54 5,472.39

60,498.63 60,498.63 -2,601,785.20 2,593,636.17 5,472.39

Sector Allocation

0.26% 1.86% $50,000 0.00

0.15% 0.74% $50,000 0.00

1.09% 33.16% 75% 2.09

0.97% 1.15% 10% 2.13

0.22% 16.72% 30% 0.17

0.22% 22.09% 40% 0.12

0.82% 21.52% 30% 1.59

0.17% 0.43% 10% 0.21

0.66% 97.67% 1.14

2.33%

100.00%

mFebruary 28, 2015

mMarch31, 2015

u.s. Federal Supranationals Municipal Bankers' Commercial Certificates Repurchase Corporate Notes

Money Market Funds

Asset-Backed Securities Treasuries Agencies Debt Acceptances Paper ofDeposit Agreements

Page2 of8

987

952

63

43

599

812

502

0- 366 Days (0 to 12 months)

367 - 1097 Days (1 to 3 years)

1 098 - 1827 Days (3 to 5 years)

Over 1828 Days (Over 5 years)

Total Assets

A-1 33%

S&PRatings

AAA

2%

Kern County Treasurer's Pooled Cash Portfolio Ratings and Maturity Structure

March 31, 2015

1,397,140.50

801,350.00

384,136.00

-2,582,626.50

AA 50%

1,403,163.37

812,401.81

386,220.02

-2,601,785.20

II

1,398,564.33

806,982.37

388,089.46

-2,593,636.17

*Includes LAIF, Cash, FICA Account, and all securities without a rating from the respective rating agency.

Page 3 of8

53.93% 40% n/a

31.22% n/a 40%

14.84% n/a 20%

0.00% n/a 0%

100.00%

Moody's Ratings

NR*

1% 4%

Pooled Funds

Local Agency Investment Fund

Total Pooled Funds

Money Market Accounts

Stonecastle-FICA

Total Money Market Accounts

Federal Agencies

Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank Federal National Mortgage Assoc Federal Farm Credit Bank Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Home Loan Mortgage Corp Federal National Mortgage Assoc Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Mortgage Corp Federal National Mortgage Assoc Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Corp Federal Home Loan Bank Financing Corporation Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc

n/a

nla

4/7/2014 7/10/2014

3/20/2014 4/17/2014 8/26/2013 1122/2013 12/6/2013

6/6/2013 12/24/2013 12/24/2013

1/30/2014 12/9/2013

11/29/2013 3/12/2014

12/27/2013 12/27/2013 11/26/2013

2/6/2014 12/30/2013

1/2/2015 6/30/2014

12/16/2014 2/28/2014 2/28/2014 3/10/2014 6/24/2014 3/27/2014 3/27/2014

5/23/2014 11/30/2012

12/5/2012 12/30/2014

1/5/2015 7/25/2012 1128/2015

10/22/2014 12/22/2014 10/11/2012 10/25/2012

1119/2012 11/14/2012

Kern County Treasurer's Pooled Cash Portfolio Details

nla nla

nla nla

1.00 417/2015 0.63 4/10/2015 0.60 4/16/2015 1.05 4/17/2015 1.63 11/12/2015 0.35 1/22/2016 0.44 5/6/2016 0.50 6/6/2016 0.50 6/24/2016 0.50 6/24/2016

0.58 8/23/2016 0.70 12/9/2016 1.63 12/9/2016 0.75 12/12/2016 0.75 12127/2016 0.75 12/27/2016 0.63 12/28/2016 0.63 12/28/2016 0.72 12/30/2016 0.80 12/30/2016 0.65 12/30/2016 0.68 2/15/2017 0.81 2/28/2017 0.85 2/28/2017 0.85 3/10/2017 0.80 3/24/2017 0.88 3/27/2017 0.90 3/27/2017 0.70 5/8/2017 0.75 5/30/2017 0.75 6/5/2017 0.95 6/15/2017

1.05 6/30/2017 1.00 7/25/2017

1.00 7/28/2017 2.25 9/8/2017

10/6/2017 1.00 10/11/2017 0.85 10/25/2017 0.70 11/8/2017 0.90 11/14/2017

March 31, 2015

0.26

0.26

0.15

0.15

1.00 1.38 0.60 1.05 0.50 0.35 0.47 0.50 0.25 0.25

0.58 0.70 0.62 0.75 0.75 0.75 0.63 0.62 0.72 0.80 0.65 0.72 0.81 0.85 0.85 0.80 0.88 0.90 0.75 0.75 0.75

0.87 1.05 0.80 1.00 0.90 1.27 0.97 0.95 0.70 0.90

Page 4 of8

48,523.05

48,523.05

19,312.83

19,312.83

10,000.00 6,900.00

10,000.00 10,000.00 5,000.00

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 8,750.00

10,000.00

10,000.00 10,000.00 10,000.00 10,000.00

10,000.00 10,000.00 10,000.00 10,000.00 14,450.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 6,800.00 6,600.00

10,000.00 15,000.00

8,750.00 10,000.00 10,000.00

10,000.00 20,000.00

10,000.00 10,000.00 9,750.00 6,200.00

48,523.05

48,523.05

19,312.83

19,312.83

10,000.00 6,898.28

10,000.00 10,000.00 5,123.50

10,000.00 9,992.50

10,000.00 10,000.00 10,000.00 10,000.00 8,750.00

10,301.50 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 14,436.85 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00

6,789.80 6,600.00

10,000.00 15,028.20 8,750.00

10,097.80 10,000.00 10,382.60 19,307.80 10,017.00 10,000.00 9,750.00 6,200.00

48,523.05

48,523.05

19,312.83

19,312.83

10,001.18 6,900.60

10,000.49 10,003.63 5,041.23

10,001.35 10,002.10 9,999.88

10,003.02

10,003.02 9,993.44 8,745.47

10,171.57 10,008.29 10,010.54 10,011.16 10,012.20 10,012.20 10,011.62 10,014.30 10,006.90 14,475.26 10,011.16 10,010.96

9,987.21 10,011.80 10,000.99 10,004.12 6,790.29 6,602.07 9,979.31

15,069.29 8,765.08

10,040.18 9,996.63

10,338.34 19,473.62 9,998.76

10,003.36 9,731.19 6,164.62

NR

NR

AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ NR AA+ AA+ AA+ AA+

NR

NR

Aaa Aaa Aaa Aaa Aaa Aaa Aaa

Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa

Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa NR Aaa Aaa Aaa Aaa

0.00

0.00

0.00

0.00

0.01 0.00 0,02

0.05 0.59 0.81 0.54 0.58

0.24 0.23 0.73 0.85 1.66 0.82 0.95 0.86 1.73 1.73 0.90 0.89 0.66 1.86 0.93 0.91 0.95 1.02 0.96 1.01 1.45 1.18 1.44 2.18 1.14 2.28 0.19 2.37 2.50 1.52 1.01 1.32 1.47

7 10

16 17

226 297 402 433 451 451 511 619.

619

622 637 637 638 638 640 640 640 687 700 700 710 724 727 727

769 791 797

807 822 847 850 892 920 925 939 953 959

Federal National Mortgage Assoc Federal Fann Credit Bank Federal National Mortgage Assoc Federal National Mortgage Assoc Federal Home Loan Bank Federal Home Loan Bank Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Financing Corporation Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Tennesee Valley Authority Tennesee Valley Authority Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal National Mortgage Assoc Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank Federal Fann Credit Bank Federal National Mortgage Assoc Federal Home Loan Mortgage Corp Federal Home Loan Bank Federal Fann Credit Bank Federal Home Loan Bank Federal Home Loan Bank Financing Corporation Federal Home Loan Bank Federal Home Loan Bank Federal Fann Credit Bank Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank Federal Home Loan Bank

ll/29/2012 12/18/2014 12/11/2014 12/26/2012 12/30/2014 12/30/2014

1130/2013 2/3/2015

1130/2013 1/6/2015

1128/2015 2/21/2013

3/1/2013 11/26/2014 12115/2014 11/28/2014 5/29/2013 6/2712013

10/29/2014 ll/28/2014 ll/26/2014 ll/20/2013 12/18/2014 11/26/2014

11/4/2014 12112/2014

12/5/2014 11/24/2014 11/24/2014 12/17/2014 2/23/2015 2/26/2015

3/2/2015 11/26/2014 3/18/2014 4/30/2014

1n/2015 6/26/2014 6/26/2014

116/2015 12/15/2014 12/30/2014 12/30/2014

2/3/2015 3/30/2015

Kern County Treasurer's Pooled Cash Portfolio Details

0.90 11/27/2017 1.13 12/18/2017 0.88 12/20/2017 0.70 12126/2017 1.20 12129/2017 1.15 12/29/2017 0.70 1130/2018 2.00 1/30/2018 0.75 1/30/2018

2/812018 0.70 2/2112018 0.75 2121/2018 0.80 2128/2018 0.88 5/21/2018 0.88 5/2112018 0.88 5121/2018 0.70 5/29/2018 0.85 6/19/2018 1.88 9/18/2018 1.88 9/18/2018 1.75 10/15/2018 1.75 10/15/2018 1.63 11/27/2018 1.63 11127/2018 1.63 11/27/2018 1.63 11/27/2018 1.75 12/14/2018 1.75 12/14/2018 1.75 12/14/2018 1.62 12/17/2018 1.38 2/22/2019 0.63 2126/2019 1.50 3/8/2019 1.75 3/18/2019 1.25 3/18/2019 2.50 4/30/2019

6/6/2019 I. 00 6/26/2019 I. 00 6/26/2019 1.80 11/5/2019 2.38 12/13/2019 1.13 12/30/2019 1.50 12/30/2019 2.00 1/30/2020 1.00 3/30/2020

March 31, 2015

0.90 1.03 1.09 0.70 1.20 1.15 0.70 1.09 0.75 1.32 1.35 0.75 0.80 1.20 1.17 1.19 0.73 1.47 1.33 1.34 1.35 1.41 1.39 1.43 1.50 1.46 1.46 1.49 1.52 1.62 1.31 1.65 1.40 !.58 1.04 2.09 1.70 2.07 2.02 1.64 1.74 2.29 2.15 !.57 2.02

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 15,000.00 10,000.00 5,000.00

15,000.00 10,000.00 10,050.00 10,000.00 10,000.00 15,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 5,111.00

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 8,075.00

10,000.00 10,450.00 10,000.00

"10,000.00 10,000.00 10,000.00 6,000.00

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 5,000.00

20,000.00 4,500.00

15,000.00

10,000.00 10,027.90 9,936.10

10,000.00 10,000.00 15,000.00 10,000.00 5,133.50

15,000.00 9,602.60

10,050.00 10,000.00 10,000.00 14,832.00 9,900.00 9,892.20 9,985.00 9,705.30

10,207.00 10,198.50 5,187.36

10,160.40 10,090.57 10,074.40 10,048.60 10,064.80 10,113.20 10,102.10 8,146.63

10,000.00 10,476.13 10,000.00 10,038.90 10,070.90 9,980.00 6,116.52 9,279.60

10,000.00 10,000.00 10,076.40 10,302.90 5,000.00

19,955.00 4,592.97

15,000.00

Total Federal Agencies 1.09 862,386.00 862,773.29

Page 5 of8

9,938.78 10,042.16 10,000.62 9,996.78

10,044.39 15,058.82 9,932.38 5,119.70

15,005.66 9,646.53

10,035.10 10,006.32 10,008.33 14,964.36 9,976.24 9,976.24

10,009.68 10,009.05 10,251.41 10,251.41 5,207.95

10,189.69 10,158.81 10,158.81 10,158.81 10,158.81 10,205.33 10,205.33 8,240.80

10,034.74 10,408.27 10,021.90 10,061.20 10,160.95 10,014.56 6,011.58 9,382.00

10,005.53 10,021.37 10,155.93 10,406.49 5,021.10

19,961.04 4,573.28

15,008.28

864,614.92

AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ NR

AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ NR

AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+

Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa NR Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa NR Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa

1.63 2.66 2.68 1.08 1.77 2.52 2.77 2.34 1.29 2.83 1.17 1.31 0.65 3.08 3.08 3.08 1.79 1.81 3.35 3.35 3.40 3.40 3.52 3.52 3.52 3.52 3.56 3.56 3.56 2.21 3.59 1.46 3.81 3.82 3.83 0.06 4.15 4.10 4.10 4.38 4.42 1.44 4.53 4.56 4.82

2.09

972 993 995

1001 1004 1004 1036 1036 1036 1045 1058 1058 1065 1147 1147 1147 1155 1176 1267 1267 1294 1294 1337 1337 1337 1337 1354 1354 1354 1357 1424 1428 1438 1448 1448 1491 1528 1548 1548 1680 1718 1735 1735 1766 1826

987

Supranationals

International Bank of Reconstruction & Development International Bank of Reconstruction & Development International Bank of Reconstruction & Development

Total Supranationals

Negotiable CDs

Landesbank Baden-Wuerttemberg Sumitomo Mitsui Bank NY Sumitomo Mitsui Bank NY Landesbank Baden-Wuerttemberg Sumitomo Mitsui Bank NY Credit Suisse NY Abbey National NA SwedbankNY Toronto Dominion Fortis Bank Credit Suisse NY NatixisNY Svenska Handelsbank UBS AG Stamford CT Fortis Bank Societe Generale Goldman Sachs

Total Nee;otiable CDs

Commercial Paper

Cancara Asset Secur LLC Landesbank Baden-Wuerttemberg Bennington Stark Capital Ridgefield Funding Co Crown Point Capital Bennington Stark Capital Concord Minutemen Capital Concord Minutemen Capital Ebury Finance LTD Cancara Asset Secur LLC NatixisNY Ebury Finance LTD Bennington Stark Capital Crown Point Capital Landesbank Baden-Wuerttemberg UBS Finance Delaware LLC NatixisNY Concord Minutemen Capital Matchpoint Master Trust lNG Funding LLC Ridgefield Funding Co Cedar Spring

1/16/2015 6/18/2014 1/16/2015

3/16/2015 11/26/2014 3/31/2015 3/24/2015 3/26/2015

12/1112014 11125/2014 11128/2014 9/26/2014

12/15/2014 12/15/2014

1/8/2015 3/16/2015 9/26/2014

12/30/2014 3/23/2015 10/8/2014

2/27/2015 3/31!2015 3/17/2015

11125/2014 3/27/2015 2/26/2015 3/19/2015 3/18/2015 3/24/2015 3/26/2015 12/2/2014 3/27/2015 3/26/2015 3/31!2015 3/26/2015 12/1/2014 Ini20I5

1/26/2015 12/15/2014

1/13/2015 3/24/2015 2/26/2015

0.70 0.70 1.35

~~

~n

~~

0.15 0.~

OE 0~

OE on 0~

0~

0~

~~

OE 0~

on 0~

Kern County Treasurer's Pooled Cash Portfolio Details

l/17/2017 6/18/2017 1/16/2019

4/8/2015 4/27/2015 4/30/2015 4/30/2015

5/1/2015 5/11!2015 5/26/2015 5/28/2015

6/9/2015 6/15/2015 6/15/2015 6/15/2015 6/19/2015 6/23/2015 6/29/2015 6/29/2015 10/8/2015

4/2/2015 4ni2015 4/8/2015

4/14/2015 4/15/2015 4/20/2015 4/23/2015 4/23/2015 4/30/2015 4/30/2015 4/30/2015

5/1/2015 5/4/2015 51612015

512912015 6/1/2015

6/12/2015 6/15/2015 6/15/2015 6/18/2015 6/26/2015 6/26/2015

March 31, 2015

0.70 0.85 1.35

0.97

0.16 0.23 0.16 0.15 0.16 0.29 0.00 0.23 0.14 0.29 0.32 0.32 0.18 0.19 0.32 0.27 0.45

0.22

0.16 0.11 0.21 0.27 0.15 0.24 0.15 0.15 0.18 0.16 0.24 0.18 0.24 0.15 0.22 0.24 0.32 0.29 0.31 0.26 0.26 0.35

Page 6 of8

10,000.00 10,000.00 10,000.00

30,000.00

25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 50,000.00 10,000.00

435,000.00

25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00

10,000.00 10,000.00 10,000.00

30,000.00

25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,001.77 25,000.00 25,000.00 25,000.00 25,000.33 25,000.00 25,000.00 50,000.00 10,000.00

435,002.10

24,996.22 24,999.47 24,996.79 24,973.75 24,998.02 24,991.17 24,996.35 24,996.25 24,995.38 24,996.11 24,975.17 24,995.63 24,993.50 24,996.25 24,990.22 24,969.67 24,965.33 24,971.81 24,960.82 24,971.83 24,983.03 24,970.83

10,010.42 9,991.37

10,040.43

30,042.22

25,000.14 25,002.35 24,999.58 24,999.16 24,999.49 25,005.76 25,009.79 25,001.03 24,950.31 25,003.56 25,007.24 25,003.54 24,991.84 25,002.69 25,005.24 49,988.21 10,003.89

434,973.82

24,999.83 24,999.47 24,999.20 24,998.38 24,998.23 24,997.65 24,997.28 24,997.28 24,996.45 24,996.45 24,997.08 24,996.33 24,995.88 24,996.25 24,990.20 24,991.78 24,989.25 24,988.33 24,988.33 24,988.88 24,986.23 24,986.23

AAA AAA AAA

NR A-I A-I NR A-I A-I A-I A-I

A-I+ A-I A-I A-I

A-I+ A-I A-I A-I A-I

A-I NR A-I A-I A-I A-I A-I A-I A-I A-I A-I A-I A-I A-I NR A-I A-I A-I A-I A-I A-I A-I

Aaa Aaa Aaa

~I

p~

p~

p~

p~

~I

~I

~I

p~

p~

~I

p~

~I

~I

p~

p~

p~

P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1

1.78 0.93 3.68

2.13

om ~m

~M

0~

0~

0.11 0.15 0.16 ~19

0.21 0.21 0.21 on 0.23 0.25 0~

0~

0.17

~01

~m

om OM OM ~M

~~

~~

0~

0~

0~

0~8

~®

0.10 ~~

0.17 0~

0.21 0.21 on 0~

0~

658 8!0

1387

952

8 27 30 30 31 41 56 58 70 76 76 76 80 84 90 90

191

63

2 7 8

14 15 20 23 23 30 30 30 31 34 36 59 62 73 76 76 79 87 87

Abbey National NA

Total Commercial Paper

Corporate Notes

Me !Life New York Life JP Morgao Chase General Electric MetLife MetLife New York Life Morgao Staoley MassMutual Global Funding MassMutual Global Funding MetLife Bank of America JP Morgao Chase Bank of New York Mellon Berkshire Hathaway General Electric Toyota New York Life Toyota Google New York Life New York Life Toyota 3M Corp US Bank Berkshire Hathaway Berkshire Hathaway New York Life Toyota MassMutual Global Funding MetLife MetLife Berkshire Hathaway New York Life XTO Energy Inc Commonwealth Bank Australia NY Toyota Johnson & Johnson Chevron Corp General Electric General Electric Toyota MetLife ffiM Chevron Corp Chevron Corp

3/25/2015

12/7/2012 5/3/2013

9/16/2014 7/28/2014

12/16/2013 9/24/2012

12/19/2012 10/21/2014 7/16/2013 12/3/2012

12/12/2012 10121/2014 10/27/2014 5/14/2013

12/14/2012 1/12/2015 5/16/2013

8/2/2013 5/24/2013

5/3/2013 1/2/2013

12/11/2013 12/24/2012 11/19/2013 3/24/2014 9/25/2012 1/27/2014 7/16/2014

3/5/2014 5/12/2014 4/25/2014 4/11/2014

2/1/2013 5/2/2014

10/3/2012 12/1/2014

12/21/2012 1/9/2015

11/26/2014 11/19/2013 10/23/2014

2/1/2013 1/28/2013 2/6/2015 3/3/2015 3/9/2015

Kern County Treasurer's Pooled Cash Portfolio Details

6/29/2015

1.63 4/2/2015 3.00 5/4/2015 3.40 6/24/2015 3.50 6/29/2015 1.70 6/29/2015 1.70 6/29/2015 0.75 7/24/2015 4.00 7/24/2015 2.30 9/28/2015 2.30 9/28/2015 2.50 9/29/2015 1.50 10/9/2015 1.10 10/15/2015 0.70 10/23/2015 2.45 12/15/2015 5.00 1/8/2016 2.80 1/11/2016 0.80 2/12/2016 0.80 5/17/2016 2.13 5/19/2016 2.45 7/14/2016 2.45 7/14/2016 2.00 9/15/2016 1.38 9/29/2016 1.10 1/30/2017 1.90 1/31/2017 1.90 1/31/2017 1.13 3/1/2017 0.75 3/3/2017 2.00 4/5/2017 1.30 4/10/2017 1.30 4/10/2017 1.60 5/15/2017 1.65 5/15/2017 6.25 8/1/2017 1.90 9/18/2017 1.25 10/5/2017 1.13 11/21/2017 1.10 12/5/2017 5.25 12/6/2017 5.25 12/6/2017 1.38 Ill 0/2018 1.50 1/10/2018 1.13 2/6/2018 1.37 3/2/2018 1.37 3/2/2018

March 31, 2015

0.26

0.22

0.48 0.40 0.36 0.21 0.33 0.62 0.60 0.50 0.52 0.45 0.51 0.61 0.55 0.37 0.55 0.46 0.45 0.61 0.48 0.47 0.68 0.68 0.72 0.55 0.79 0.82 0.93 0.92 0.75 1.00 1.08 1.05 0.95 1.04 0.70 1.34 1.00 1.10 1.25 1.16 1.28 1.02 1.10 1.23 1.37 1.35

Page 7 of8

25,000.00

575,000.00

13,000.00 9,716.00

20,190.00 25,000.00 10,000.00 10,000.00 9,000.00

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 11,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 5,000.00

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 4,000.00

10,000.00

24,982.67

574,666.26

13,342.81 10,219.29 20,662.24 25,754.25 10,209.70 10,295.40 9,034.65

10,264.90 10,388.00 10,517.70 10,551.90 10,085.90 10,052.90 10,079.80 10,565.00 10,447.80 10,619.00 10,047.50 10,094.50 10,500.00 10,617.30 10,454.30 11,516.56 10,233.30 10,087.70 10,460.20 10,287.10 10,053.00 10,000.00 10,284.80 10,063.80 10,073.60 10,272.60 10,181.80 12,630.00 5,077.05

10,116.50 10,008.40 9,956.70

11,612.40 11,209.80 10,170.70 10,192.80 9,969.50 4,000.00

10,004.50

24,982.50

574,857.42

13,000.00 9,736.63

20,320.67 25,177.50 10,031.00 10,031.00 9,010.66

10,101.15 10,094.16 10,094.16 10,098.11 10,042.45 10,025.25 10,015.07 10,139.76 10,339.71 10,172.35 10,020.50 10,032.41 10,193.13 10,218.02 10,218.02 11,214.97 10,127.88 10,031.18 10,198.53 10,198.53 10,038.90 10,001.96 10,151.96 10,055.78 10,055.78 10,150.24 10,139.94 11,194.97 5,087.62

10,029.69 10,054.44 10,008.85 11,038.84 11,038.84 10,034.10 10,042.14 9,975.31 4,019.49

10,048.72

A-I

AA­AA+

A AA+ AA­AA­AA+ A­

AA+ AA+ AA­A­A

A+ AA

AA+ AA­AA+ AA­AA

AA+ AA+ AA­AA­AA­AA AA

AA+ AA­AA+ AA­AA­AA

AA+ AAA AA­AA­AAA AA

AA+ AA+ AA­AA­AA­AA AA

P-1

Aa3 Aaa A3 AI Aa3 Aa3 Aaa Baa2 Aa2 Aa2 Aa3 Baa2 A3 AI Aa2 AI Aa3 Aaa Aa3 Aa2 Aaa Aaa Aa3 Aa3 Aa3 Aa2 Aa2 Aaa Aa3 Aa2 Aa3 Aa3 Aa2 Aaa Aaa Aa2 Aa3 Aaa Aal AI AI Aa3 Aa3 Aa3 Aal Aal

0.25

0.12

0.01 0.09 0.23 0.25 0.25 0.25 0.32 0.32 0.49 0.49 0.50 0.52 0.53 0.91 0.70 0.76 0.77 0.86 1.12 1.12 1.26 1.26 1.44 1.48 2.18 1.80 1.80 1.89 1.66 1.95 1.98 1.98 2.07 2.07 2.18 2.40 2.45 2.59 3.00 2.49 2.49 2.71 2.70 2.79 2.85 2.85

90

43

2 34 85 90 90 90

115 115 181 181 182 192 198 206 259 283 286 318 413 415 471 471 534 548 671 672 672 701 703 736 741 741 776 776 854 902 919 966 980 981 981

1016 1016 1043 1067 1067

Toyota 3/19/2015 1.25 Colgate-Palmolive 1/26/2015 0.90 Berkshire Hathaway 1/2112015 5.40 Metlife 12/23/2013 1.88 Commonwealth Bank of Australia 2/4/2015 2.50 Berkshire Hathaway 12/2/2014 2.10 Apple 3/4/2015 1.55

Total Co!]!orate Notes

Asset-Backed Securities

Citibank 10/1/2012 4.55

Total Asset-Backed Securities

Total Securities

Total Cash

Total Assets

Kern County Treasurer's Pooled Cash Portfolio Details March 31, 2015

3/19/2018 1.50 10,000.00 5/1/2018 1.12 10,000.00

5/15/2018 1.32 10,000.00 6/22/2018 1.71 10,000.00 9/20/2018 1.57 10,000.00 8/14/2019 1.80 5,000.00

2/7/2020 1.75 10,000.00

0.82 541,906.00

6/20/2017 0.17 10,000.00

0.17 10,000.00

2 522,127.87

60,498.63

2,582,626.50

Page 8 of8

10,000.00 9,995.50 AA- Aa3 1.94 1084 9,929.30 9,943.15 AA- Aa3 3.02 1127

11,320.60 11,259.98 AA Aa2 2.86 1141 10,071.10 10,122.16 AA- Aa3 3.11 1179 10,328.40 10,300.06 AA- Aa2 3.32 1269 5,067.35 5,116.04 AA Aa2 4.16 1597 9,905.90 9,936.68 AA+ Aal 4.64 1774

559,890.30 550,723.93 1.59 599

11,118.75 10,089.36 AAA Aaa 0.21 812

11,118.75 10,089.36 0.21 812

2,541,286.57 2,533,137.54

60,498.63 60,498.63

2,601,785.20 2,593,636.17

TOPIC:

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT REGULAR MEETING OF THE BOARD OF DIRECTORS

May 20, 2015

Appoint ad-hoc Personnel Committee

ITEM FOR: Action

PURPOSE: President appoints a committee

IMPACT: Policy, Personnel, Fiscal/Budget

SUBMITTED BY: John Martin

EXECUTIVE SUMMARY

. AGENDA ITEM:ft.

This item provides an opportunity for the Board President to appoint an ad-hoc Personnel Committee to recommend to the Board a cost-of-living adjustment (COLA) to employee compensation for fiscal year 2015-16.

BACKGROUND Through calendar year 2012 the Board approved COLAs on a calendar year basis. An ad­hoc Personnel Committee was formed for the exclusive purpose of recommending what that COLA should be. Beginning July 1, 2013, the Board approves COLAs on a fiscal year basis, to coincide with the budget cycle. There is already an ad-hoc Budget Committee formed to review the fiscal year 2015-16 budget.

The President could appoint an ad-hoc Personnel Committee, as has been done in the past, or request that the ad-hoc Budget Committee make a COLA recommendation as part of its budget review work.

FISCAL IMPACT $200 expense for one meeting of an ad-hoc Personnel Committee.

COMMITTEE RECOMMENDATION None.

STAFF RECOMMENDATION None. This is completely within the authority of the Board President.

ATTACHMENTS None.

Check # I Vendor ID f. Name

730 118205 I Southern California Edison

731 112100 ICal Pers

70-General Fund-TCCWD Added Voucher List For the Period From

April 17, 2015 to April 20, 2015

Line Description

Electricity Use-March

GASB-2015 Contract #4980 and #26852

Total

AGENDA ITEM 15

Amount

$39,656.38

$1,700.00

41,356.38

Check# I Vendor ID # Name

732 033510 !Treasure Tax Collector (FIT)

733 033511 I Treasurer Tax Collector (SIT)

734 033509 I Treasurer Tax Collector(FICA)

735 033512 I Treasure Tax Collector (SDI)

70-General Fund·TCCWD Added Voucher List For the Period From

April28, 2015 to April28, 2015

Line Description

FED WH PP 15-07

STATE WH PP 15-07

FICA PP 15-07

SDI PP 15-07

Total

Amount

6,430.27

1,850.12

8,614.52

506.73

17,401.64

Check# I Vendor ID t Name

736 118950 I The Gas Company

Added Voucher list For the Period From

April29, 2015 toApril29, 2015

Line Description

Gas-Office- April

Total

Amount

144.62

144.62

Check t I Vendor 10 # Name

737 033509 !Treasurer Tax Collector(FICA)

738 033512 I Treasure Tax Collector (SOl)

739 033511 !Treasurer Tax Collector (SIT)

740 033510 !Treasure Tax Collector (FIT)

70-General Fund-TCCWD Voucher List

For the Period From May 12, 2015 to May 12, 2015

Une Description

FICA PP 15-08

SOl PP 15-08

ST WH PP 15-08

FED WH PP 15-08

Total

Amount

8,625.82

507.40

1,846.09

6,342.08

17,321.39

70-General Fund-TCCWD Voucher List

For the Period From May 1, 2015 to May31, 2015

Check I Name Line Descrl tlon I Amount

741 Hadley, David Directors Fees-April I 100.00

742 I 195438 I Hall, Jonathan Directors Fees-April I 100.00

743 I 100077 rack, James 'Directors Fees-April I 100.00

744 I 117190 Prel, Jean Directors Fees-April I 100.00

745 I 100078 !Worden, David Directors Fees-April I 100.00

746 I 110320 lAce Hydraulic Sales & Service 25 Foot Hose/Hose End Fittings I 326.12

747 I 101140 IAmeripride Uniform Services Uniform Rental-April I 744.20 10-Fire Retardant Shirts-Vigil 755.94

748 1958288 Arrowhead Mt. Spring Water Drinking Water - April I 43.04

749 116550 AT&T Telephone Service-PP5-April I 49.42

750 999660 Automotive Radiator Service, Inc. Repair Generator Radiator (Spare) I 380.95

751 194946 Aut oZone 6 Gallons of Antifreeze I 90.88

752 I 111481 I Benz Construction Service Porta Pattie Rental-May I 300.00

753 I 195732 I Bill Wright Toyota 25,000 Mile Service-Toyota Highlander AD02 I 28.30

754 I 111705 IBokers, Inc 100 Copper Washers I 263.81

755 I 195323 !California Electric Supply Replace for PP4 HMI

I 1,687.75

756 I 113377 I Esquivels Janitorial Service Office Cleaning-April 300.00

757 I 112314 Chavez, Hector JR. Gardening Servce-April & May 1 I 100.00

758 I 112450 ICierou Tire Co., Inc !Wheel Alignment PL 14 I 69.95

759 I 112535 I Coastal Ignition & Control 96 Spark Plugs (RB75N.012) I 1,871.66 100 Stitt Spark Plug Gaskets (18mm) 66.44

760 I 195079 Controlled Motion Solutions 50-Female Pipe Tee's I 177.70

761 I 112855 Culligan Water Supply Equipment Rentai-May,June I 81.00

762 I 114697 I David Janes Company Gauges, Nipples, Plugs I 228.12

763 I 909818 I Energy Systems Alternator for P4 Generator I 315.59

764 113427 Fed Ex Mail Documents to UMPQUA Bank-PP1 Eng. Replace I 26.08

765 Void

766 195263 Ferguson Enterprises, Inc #632 6: Gate Valves/Check Valves I 7,124.79

767 I 195604 !Genesis Machine & fabrication Machine Two Pump Bowl Spacers 400.00

768 I 194931 !General Office Machine Co. Copy Charge-April/ Charge for Extra Black/White Copies 241.27

769 I 195866 IGE Oil & Gas Compressions Syst. 25-Valve Springs 735.59

770 I 10050 I Guarantee Shoe Center Safety Boots-Carpenter 198.33 Safety Boots-Michael 169.32

70-General Fnnd-TCCWD Voucher List

For the Period From May 1, 2015 to May 31,2015

Check t I Vendor ID #I Name I Line Description I Amount

771 I 114543 1Home4 Less Valves/Glue

I

21.66

772 I 100667 I Insight Direct UsA Adobe Acrobat Software-Vigil 292.71

773 I 195439 l'ronside Truck Body Manf. Handle I 202.96

774 I 195630 Kuhs & Parker Legal Fees-March I 11,581.19

775 I 115550 I Laser Light Engravers LLC 12-Copper Washers I 154.80

776

I

101109 TWTelecome Telephone/Long Distance - April I 1,071.99

777 Void

778 I 115664 Lockway, Bruce Consutling Servcies-April I 1,638.14

779 I 115814 IMcCrometer, Inc. Meter 0-Rings/Straightening Vane I 92.66

780 I 194953 IMelo's Gas & Gear 75/25 Argon Gas Refill I 57.57 Oxygen Bottle Refill 18.58

781 I 115980 I Mojave Pipeline Co. Transportation-April I 252.60

782 I 116010 !Mojave Sanitation Recyling/Gate fee-April I 375.38

783

I

114611 Newby Rubber Inc. 24-#B222-0-Rings I 11.09

784 116628 Pacific West Valve 1-Crane Check Valve 602.00

785

I

116820 Pence Petroleum Co. 55-Gallons Mobil 5W30 Oil 648.50

786 116930 Pioneer Home Center Galvanized Fittings/Redwood/Washers 271.92

787 I 117250 !Provost & Pritchard Engineering Phase 1-Prepare Docs-PP1 Engine Replacement I 19,257.81

788 I 195323 I Quill Corporation Printer Ink/Fax Ink Cartridge/Paper/Report Binding Covers 671.93

789 I 117678 IRuhRPumpen. Pump 2-Perform TesUShip 30% 36,917.40 Pump 2-Shipping Charges 2,493.56 Pump 2-CA Sales Tax 4,614.68 Pump 1 Perform TesUShip 30% 36,917.40 Pump 1 Shipping Charges 2,498.43 Pump 1 CA Sales Tax 4,614.68

790 I 117670 IRSI, lnc.DBA !Vehicle Fuel-April 3,569.95

791

I

100949 ISafety-Kieen Corp Replace Parts Washer Fluid 344.00

792 117930 Scott's Auto Body Repair 2013 Toyota Highlander (AD02) 3,149.82

793 I 117940 I Seal & Packing Supply 4-#0RB2-440B 0-Rings 10.16

794 I 117985 I Shell Fleet Processing Cntr Vehicle Fuei-AD02-April 89.82

795

I

999745 SNELSON Company Deposit Refund Account 653 I 195.50

796 Void

797 I 112447 SupplyWorks( Formerly Cleansour Trash Can Liners/Paper Towels/Degreaser

I

661.50

798 101225 Waukesha-Pearce Industries 4- 0-Rings /2-Hoses 305.91

799 Void

800 101220 Waves of Tech Monthly Maint-ApriVInstall Adobe Software/Rebuild Registry r 763.00

Check. I Vendor ID # Name

70-General Fund-TCCWD Voucher List

For the Period From May 1, 2015 to May 31, 2015

Line Description

801 I Void

802

803

804

805

806

807

808

809

810

811

812

813

119790 !Witts-Everything For the Office Chair-Block

110300 )Ables, John- Electrical Contractor !Plant 1 Compressor Plant 1-Replace Outside Light Plant 1-PLC Controls Plant 2-PLC Controls Plant 2-0utside Lights Plant 2-Cooler #1

111258 I Bakersfield Drug Testing !Random Selection Testing

112100 ICaiPers !Retirement Premium- PP 15-07

112102 ICaiPers !Retirement Premium PP 15-08

195633 IEnviro Tech Consultants, Inc. 12015 Green House Gases Reporting ATC- New Plant 1 Engines

114542 Home Depot Credit Services

999796 Leo Tidwell Excavating

100968 Shell Energy North America

195095 Swift Napa Auto Parts

999989 The UPS Store

118780 Tehachapi News

Total

2015 Prepare Emissions Inventory

Saw/Biades/Fauce Display Materials

Deposit Refunmd #754

Natural Gas-PreOrder Natural Gas-April SoCal

Shims-P2 Generator Oil, Air Filters/Front, Rear Brake Pads/Oil

100-Water Conservation Lawn Signs

Publish Ordinance 2015-1 Water Shortage Emergency Irrigation Check Ad

Amount

357.76

3,435.91 136.67

2,701.68 2,649.18

706.63 476.58

152.86

3,401.10

3,391.22

11.25 605.00 231.25

679.43

195.50

140,922.00 11,755.56

50.75 345.00

858.93

430.00 222.00

325,361.81

Check f. I Vendor ID #

234 I 112410

235 I 100022

236 I 100053

237 I 999288

238 I 999287

239 I 999289

240 I 999290

241 I 999286

242 I 999291

Name

I City ofTehachapi

TCCWD-PROP 84 ffiWM Grant Voucher List

For the Period From May 1, 2015 to May 31, 2015

Line Description

I Labor Consultants of California

rax-Toilet Prgrm Insert

Labor Compliance for Direct Install-January 2015 Labor Compliance for Direct Install-February - May 2015

!Southwest Environmental, Inc Direct Install-April

I Beck, Kirstina Toilet Rebate

!Chambers, Gregory Toilet Rebate

IEhnnan, Stephanie Toilet Rebate

IGrenek, Jane Toilet Rebate

!Payne, Perry Toilet Rebate

I Powell, Justin Toilet Rebate

Total

Amount

28.28

525.00 600.00

40,336.52

51.60

150.00

300.00

250.00

150.00

210.70

42,602.10

Check# I Vendor 10 # Name

86-LD. #4 Benefit Assess-TCCWD Voucher List

For the Period From May 1, 2015 to May 31, 2015

Line Description

9 100646 I County of Kern Information TechnoloiProcessing Fee for Assessment Roll

10 112890 I Dept. of Water Resources Dam Fees-Antelope & Blackburn

Total

Amount

50.00

13,681.00

13,731.00

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT % of Year Remaining 25% Income Statement: March 31, 2015

One Month Year To Date Year To Date Better (Worse) %Better ! Annual % Actual Actual Budget Than Budget (Worse) ! Budget Remain

I GENERAL FUND (70) Revenues:

Operating Revenues: Water Sales - Ag 12,219 1,294,447 1,310,000 (15,553) -1% 2,060,000 37% Water Sales- M&I 19,240 452,823 530,000 (77,177) -15% 700,000 35% Water Sales- Wheeled 2,471 49,630 42,000 7,630 18% 102,000 51% Water Sales - Surplus 0 204,530 196,400 8,130 4% 196,400 -4% Water Sales-Recycled Water 3,396 27,663 22,000 5,663 26% 48,000 42% Water Services 1,393 47,332 51,967 (4,635) -9% 69,000 31% Other Operating Revenues 18,697 I 148,330 221,371 {73,041} -33% I 257,400 42%

Total Operating Revenues 57,416 1 2,224,755 2,373,738 (148,983} -6% 1 3,432,8oo 35% I I I I

Non-Operating Revenues: General Taxes 67,773 !

I 2,873,468 2,719,224 154,244 6% 4,533,500 37%

Other Revenues 0 ! 41971 6,250 (1,279) -20% 13,500 63% I

Capital Contributions 450 I 5,560 981748 (93,188) -94% 105,000 95% I

Total Non-Operating Revenues 68,223 ! 2,883,998 2,824,222 59,776 2% 4,652,000 38%

Total Revenues 125,639 ! 5,108,753 5,197,960 (89,207) -2% 8,084,800 37% I

I I

Expenses: Administration Dept.

Salaries/Benefits 82,443 ! I

569,469 540,748 (28,721) -5% 707,200 19% Operations/Maintenance 38,308 ! 334,921 425,639 90,718 21% 750,900 55%

I

50% Debt Service 0 I 169,334 169,400 66 0% 335,900 I

Capital Outlay 218 1 171,992 210,000 38,008 18% 255,000 33% Total Administration 120,969 I 1,245,716 1,345,787 100,071 7% 2,049,000 39% .

I

Pipeline Dept. Salaries/Benefits 72,835 520,602 544,019 23,417 4% 701,900 26% Operations/Maintenance 37,572 93,480 181,823 88,343 49% 282,600 67% Capital Outlay (126} 25,420 480,000 454,580 95% 690,000 96%

Total Pipeline 110,281 639,502 1,205,842 566,340 47% 1,674,500 62%

Pumping Dept. Salaries/Benefits 671767 550,803 638,240 87,437 14% 823,800 33% Operations/Maintenance 332,863 1,339,294 1,329,087 (10,207) -1% 2,320,000 42% Capital Outlay 83,179 217,400 224,000 6,600 3% 304,000 28%

Total Pumping 483,809 2,107,496 21191,327 83,831 4% 3,447,800 39%

Total General Fund Salaries/Benefits 223,046 1,640,874 1,723,007 82,133 5% 2,232,900 27% Operations/Maintenance 408,743 1,767,695 1,936,549 168,854 9% 3,353,500 47% Debt Service 0 169,334 169,400 66 0% 335,900 50% Capital Outlay 83,270 414,812 914,000 499,188 55% 1,249,000 67%

Total Expenses 715,059 3,992,715 4,742,956 750,241 16% 7,171,300 44% Net Income (Loss) Before Transfers (589,420) 1,116,037 455,004 661,033 913,500 Transfers In (Out) 0 (148,241) 0 (148,241) (98,400) Net Income (Loss) After Transfers (589,420} 967,796 455,004 512,792 815,100

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT %of Year Remaining 25% Income Statement: March 31,2015

One Month ! Year To Date Year To Date Better (Worse) %Better ! Annual % Actual ! Actual Budget Than Budget (Worse) ! Budget Remain I

I

BOARD-DESIGNATED RESERVE FUNDS (NON-RESTRICTED)

EMERGENCY (71) Revenues:

Interest Earnings 0 i 474 650 {176) -27%i 11300 64% I I

Total Revenues 0 ! 474 650 (176) -27%! 11300 64% !

Expenses: ----------

Total Expenses ~ ----~--0 ~------- (j -- ---- ()

0 999%T 0 0% Net Income (Loss) Before Transfers 0 ! 474 650 (176)

I

11300 I I

Transfers In (Out) 0 0 0 0 I 0 I

Net Income (Loss) After Transfers 0 474 650 (176) I

11300 I !

WATER BANKING RESERVE (72)

Revenues:

Interest Earnings 0 11669 21400 (731) -30% 41800 65%

Total Revenues 0 11669 21400 (731} -30% 41800 65%

Expenses:

Total Expenses 0 ! 0 0 0 999%! 0 0% 0 i 11669 2,400 (731)

I

Net Income (Loss) Before Transfers I 41800 I I I

Transfers In (Out) 0 ! 0 0 0 I

0 I

Net Income (Loss) After Transfers 0 ! 11669 2,400 (731) I

41800 I

I !

MAJOR REPAIR & OVERHAUL (81) Revenues:

Interest Earnings 0 ! 2,079 2,950 (871) ~;~~I 5,900 65% I

Total Revenues 0 ! 2,079 2,950 (871) 5,900 65% !

Expenses: Total Expenses 0 I 0 0 0 999% I 0 0%

Net Income (Loss) Before Transfers 0 ! 2,079 2,950 (871} 5,900 Transfers In (Out) 0 i 0 0 0 0

Net Income (Loss) After Transfers o I 2,079 2,950 (871} 5,900

TAX REVENUE LIABILITY (85) Revenues:

Interest Earnings 0 618 1,275 (657) -52% 1,700 64% Total Revenues 0 618 1,275 (657} -52% 1,700 64%

Expenses: Total Expenses 0 0 0 0 999% 0 0%

Net Income (Loss) Before Transfers 0 618 1,275 (657) 1,700 Transfers In (Out) 0 0 0 0 0

Net Income (Loss) After Transfers 0 618 1,275 (657} 1,700

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT % of Year Remaining 25% Income Statement: March 31, 2015

One Month Year To Date Year To Date Better (Worse)· %Better j Annual % Actual Actual Budget Than Budget (Worse) ! Budget Remain

I RATE STABILIZATION (87)

Revenues: i i

Interest Earnings 0 ! 501 650 (149) -23%j 1,300 61%

Total Revenues 0 ! 501 650 (149) -23% I 1,300 61%

Expenses:

Total Expenses 0 ! 0 0 0 999%! 0 0%

Net Income (Loss) Before Transfers 0 I 501 650 (149) ' 1,300 ' ' Transfers In (Out) 0 i 0 0 0 ' 0 ' Net Income (Loss) After Transfers 0 ; 501 650 (149) ' 1,300 ' I

RESTRICTED FUNDS

IMPROVEMENT DISTRICT NO. 2 (76) Revenues:

General Taxes 36 2,079 2,155 (76) -4% 3,700 44% Interest Earnings 0 142 200 {58}. -29% 400 64% Total Revenues 36 2,221 2,355 (134) -6% 4,100 46%

Expenses: Operations/Maintenance 0 0 6,084 6,084 100%! 8,100 100% Total Expenses 0 0 6,084 6,084 100%! 8,100 100%

Net Income (Loss) 36 2,221 (3,729) 5,950 I (4,000} I I

IMPROVEMENT DISTRICT NO. 3 (77) Revenues:

General Taxes 84 ! I 3,638 3,500 138

i

4%! 6,700 46% Interest Earnings 0 i 299 350 {51} -1~~ I 700 57% Total Revenues 84 ! 31937 3,850 87 7,400 47%

Expenses: Operations/Maintenance 0 0 9,085 9,085 100%i 12,100 100%

Total Expenses 0 0 9,085 9,085 100% 12,100 100% Net Income (Loss) 84 3,937 (5,235) 9,172 {4,700)

STATE PAYMENT (82) Revenues:

Special Taxes 28,826 1,341,430 1,071,250 270,180 25% 1,695,000 21% Interest Earnings 0 5,019 6,800 {1,781} -26% 12,000 58% Total Revenues 28,826 1,346,449 1,078,050 268,399 25% 1,707,000 21%

Expenses: Operations/Maintenance 0 1,487,210 1,773,200 285,990 16% 2,661,400 44% Total Expenses 0 1,487,210 1,773,200 285,990 16% 2,661,400 44%

Net Income (Loss) Before Transfer 28,826 {140,760} {695,150} 554,390 {954,400}

Transfers In (Out) 0 0 0 0 0 Net Income (Loss) After Transfer 28,826 {140,760} {695,150) 554,390 {954,400}

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT % of Year Remaining 25% Income Statement: March 31,2015

One Month Year To Date Year To Date Better (Worse) %Better I Annual % Actual Actual Budget Than Budget (Worse) I Budget Remain

IRWM GRANT (84)

Revenues: i i

Interest Earnings 0 i 98 0 98 999% I 0 0% I

Operating Grant-State 0 ! 0 1501000 150,000 100% I 400,000 100%

Total Revenues 0 i 98 1501000 (149,902) -100% I 4001000 0%

Expenses:

Salaries & Benefits 0 i 251201 79,793 541592 68%1 106,400 76% I I

Operations & Maintenance 11,930 ! 185,022 180,000 (51022) -3%! 330,000 44%

Total Expenses 11,930 ! 2101223 2591793 (49,570) -19%! 436,400 52% Net Income (Loss) Before Transfer (11,930) 1 (210, 125) (109,793) (100,332) ' (36,400) ' I : Transfers In (Out) 0 : 150,000 0 150,000 I 100,000 ' ' ' Net Income (Loss) After Transfer {11 ,93o> 1 {60, 125} {109,793) 49,668 I 631600 !

T ' I

' I I I I

EMISSIONS REDUCTION DEBT SERVICE (83) I I I I

Revenues: I I I

Interest Income 0 ! 10 0 10 999%l 0 0% Total Revenues 0 I 10 0 10 999%1 0 0%

Expenses: Principal-Emission Reduc. COPs 0 510,000 510,000 0 0%1 510,000 0% Interest-Emission Reduc. COPs 0 111730 11,800 70 1%!

I 11,800 1%

Service Fees - COPs 0 0 0 0 O%! 0 0% Total Expenses o I 5211730 5211800 70 0%: 521,800 0%

I Net Income (Loss) Before Transfers 0 : (5211720) (521,800) 80 I (521,800) I

I

Transfers In (Out) 0 i (1,759) (1,600) (159) I

0 I I

Net Income (Loss) After Transfers 0 : {523,479} {523,400} {79} ' (521,1300) I I I

I I I I : I

' FLOOD CONTROL BENEFIT ASSESSMENT (86) Revenues:

Benefit Assessments 21799 I 761380 661101 10,279 i

16%! 1061000 28% Interest Earnings 0 i 948 1,000 (52) -5%! 2,000 53%

I 15%! Total Revenues 2,799 ! 77,329 67,101 10,228 108,000 28%

Expenses: Operations/Maintenance 2,000 ! 27,507 40,623 13,116 32%1 63,600 57% Total Expenses 2.ooo I 27,507 40,623 131116 32%! 63,600 57%

I

Net Income (Loss) 799 ; 49,822 26,478 23,344 : 44,400 I

DISTRICT TOTAL (AU Funds) Revenues:

' I

Operating Revenues 57,416 ! 2,224,755 2,373,738 (1481983) -6%! 3,432,800 35% I ' Non-Operating Revenues 99,968 ! 4,317,315 4,1301553 186,762 5% i 6,8931500 37%

Total Revenues· 157,384 1 6,542,069 6,504,291 37,778 1% i 10,326,300 37% I

Expenses: Salaries/Benefits 223,046 I 1,640,874 1,802,800 1611926 9% I 2,339,3oo 30% Operations/Maintenance 410,743 ! 3,307,612 3,945,541 637,929 16%! 6,428,700 49% Debt Service 0 i 691,064 691,200 136 0%1 857,700 19%

I I

Capital Outlay 83,270 ! 414,812 914,000 4991188 55%! 1,2491000 67% Total Expenses 717,059 : 6,0541362 71353,541 1,299,179 18% i 10,8741700 44%

Net Income (Loss) {5591676} ! 4871707 {849,250} 11336,957 I {5481400} :

TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT CASH IN COUNTY TREASURY AS OFMARCH31

DISTRICT FUNDS

GENERAL FUND (70)

BOARD-DESIGNATED RESERVES

EMERGENCY (71)

WATER BANKING RESERVE (72)

MAJOR REP AIR & OVERHAUL (81)

TAX REVENUE LIABILITY (85)

RATE STABILIZATION (87)

RESTRICTED FUNDS

IMPROVEMENT DISTRICT NO. 2 (76)

IMPROVEMENT DISTRICT NO. 3 (77)

STATE PAYMENT (82)

PROP 84 IRWM GRANT (84)

EMISSIONS REDUCTION DEBT SVC (83) *

FLOOD CONTROL ASSESSMENT NO. 1 (86)

DISTRICT TOTAL

* Includes Money on Deposit with Union Bank;

Fiscal Agent for Certificates of Participation

2015 2014 CHANGE

3,970,289 3,903,973 66,316

271,079 132,921 138,158

955,669 0 955,669

1,190,417 588,053 602,364

353,752 105,425 248',327

271,201 0 271,201

82,948 79,240 3,708

173,879 169,464 4,415

2,263,413 2,573,457 (310,044)

1,493 0 1,493

0 526,742 (526,742)

585,993 510,840 75,153

10,120,134 8,590,115 1,530,019 ----------- ------------- ---------------------- ------------- -----------