For information, no action is recommended.

Q ALAMEDA MUNICIPAL POWER A Department of /he City of Alameda AGENDA ITEM NO: 3.D.1 MEETING DATE: 6/15/2009 ADMINISTRATIVE REPORT NO.: 2009-56 To: Honorable Public Utilities Board Submitted by:_/s/ _ Robert J. Orbeta Administrative Services Manager From: Ina Soo-Hoo Financial Analyst Approved by: _lsi _ Girish Balachandran General Manager Subject: Treasurer's Report for the Month Ended May 31, 2009 RECOMMENDATION For information, no action is recommended. BACKGROUND This report is submitted in compliance with Alameda Municipal Power's policy and the State of California Government Code Sections 53607 and 53646(b). DISCUSSION Funds have been managed and invested in compliance with the Public Utilities Board's Resolution No. 4620. Alameda Municipal Power (AMP) expenditure requirements for the next six-months are covered by anticipated revenues and the liquidity of current investments. Investments The stated value of AMP's investment portfolio totaled $28,810,372 at investment maturity. The current market value of the portfolio totaled $28,666,148. Investments are held to maturity or may be sold when prices yield a gain on the sale. The overall portfolio had an average interest rate yield of 0.847%. Interest Rates During the month, rates on 90-day T-Bills increased 2 basis point to 0.16% from 0.14%. Rates on the 30-day London Interbank Offered Rate (LIBOR) decreased 17 basis points to 0.85% from 1.02%. BUDGET CONSIDERA TION/FINANCIAL IMPACT None.

AGENDA ITEM NO: 3.D.2 MEETING DATE: 6/1 5/2009 ADMINISTRATIVE REPORT NO.: 2009 56 EXHIBIT A. Investment Portfolio Summery and Detail B. Supplemental Schedule - Sources of Investments & Investment Portfolio

INVESTMENT PORTFOLIO SUMMERY May 31, 2009 Stated Current Book Percent of Average Value Market Value Value Total Retum Local Agency Investment Fund U.S. Government Agencies Cash - Uninvested Money Market Funds Bank Deposits Certificates of Deposit(s) $17,461,562 $17,461,562 2,348,163 2,348,163 101 101 130 130 144,816 144,816 8,855,601 8,711,377 $17,461,562 2,343,329 101 130 144,816 8,668,557 61.02% 1.607% 8.19% 0.765% 0.00% 0.000% 0.00% 0.000% 0.51% 0.250% 30.29% 2.459% Average Retum of Total Investment Portfolio $28.810.372 $28.666.148 $28618.495 100.00% 0.847% FY 2008 Actual Interest Income $1,488,521 FY 2009 Budgeted Interest Income $950,000. Year-to-date Interest Income (Estimated) ::I: S Percent of Interest Received To Date - m Dlm --f - "tic» Q!'1:I mcn_.. ::>:-1 O -now o WCDC $610,762 64.29%

DETAIL OF INVESTMENT PORTFOLIO May 31, 2009 Investment Stated Interest Current Date of Date of Days Book Value Description Custodian Value Rate Market Value Investment Maturity Invested Yield Purchase Price Local Agency Invstmnt. Fd.(LAIF) LAIF $17,46 I,562 1.607% $17,461,562 01-May-09 31-May-09 31 1.607% $17,461,562 U.S. Government Agencies US Treasury Bill Zero Coupon $600,000 1.122% $600,000 06-Nov-08 07-May-09 182 1.122% $596,844 US Treasury Bill Zero Coupon $1,748,163 0.407% $1,748,163 09-Apr-09 08-0ct-09 182 0.407% $1,746,485 Total $2,348,163 $2,348,163 0.765% $2,343,329 i:i'j s: =m COm -I Cash-Morgan Stanley $101 0.000% $101 01-Apr-09 03-Apr-09 3 0.000% $101 Money Market Funds Total $101 $101 0.000% $101 Morgan Stanley $130 0.000% $130 01-Apr-09 30-Apr-09 30 0.000% $130 Bank Deposits Total $130 $130 0.000% $130 Mongan Stanley Bank/Morgan Stanley Trust Bank $144,816 0.250% $144,816 01-Apr-09 30-Apr-09 30 0.250% $144,816 Certificates of Deposit Total $144,816 $144,816 0.250% $144,816 Morgan Stanley CD - Sallie Mae Bank Murray Utah $98,183 3.350% $95,224 II -Jun-08 II-Jun-09 365 3.350% $95,000 Morgan Stanley CD - The Private Bank and Trust Chicago IL $98,183 3.350% $95,219 10-Jun-08 10-Jun-09 365 3.350% $95,000 Morgan Stitnley CD -'GE Capital Financial Inc. Salt Lake City $98,183 3.350% $95,227 11-Jun-08 II-Jun-09 365 3.350% $95,000 Morgan Stanley CD - JP Morgan (formerly W AMU Henderson NV) $98,800 4.000% $95,515 10-Jul-08 10-Jul-09 365 4.000% $95,000 Morgan Stanley CD - JP Morgan (formerly WAMU FSB Park City UT) $98,800 4.000% $95,515 10-Jul-08 10-Jul-09 365 4.000% $95,000 Morgan Stanley CD - CAPMARK Bank Midvale UT $98,610 3.800% $95,474 09-Jul-08 09-Jul-09 365 3.800% $95,000 Morgan Stanley CD - GE Money Bank Salt Lake City $98,563 3.750% $95,544 09-Jul-08 09-Jul-09 365 3.750% $95,000 Morgan Stanley CD - New South Federal Savings Bank Irondalen AL $98,515 3.700% $95,558 23-Jul-08 23-Jul-09 365 3.700% $95,000 Morgan Stanley CD - Lehman Brothers Commercial Bank Salt Lake UT $98,563 3.750% $95,540 23-Jul-08 23-Jul-09 365 3.750% $95,000 Morgan Stanley CD - National City Bank Cleveland OH $98,600 3.800% $95,585 25-Jul-08 24-Jul-09 364 3.800% $95,000 Morgan Stanley CD - Park Sterling Bank Charlotte NC $98,505 3.700% $95,565 25-Jul-08 24-Jul 09 364 3.700% $95,000 Morgan Stanley CD - The Cowlitz Bank Longview W A $98,505 3.700% $95,565 25-Jul-08 24-.Jul-09 364 3.700% $95,000 Morgan Stanley CD - Mercantile Bank of Michigan Grand Rapids $98,420 3.600% $95,703 18-Aug-08 18-Aug-09 365 3.600% $95,000 Morgan Stanley CD - Independent Bank(formerly in Bay City) lona, MI $98,316 3.500% $95,802 12-Sep-08 II-Sep-09 364 3.500% $95,000 Morgan Stanley CD - Amcore Bank, NA, Rockford, IL $98,325 3.500% $95,797 10-Sep-08 10-Sep-09 365 3.500% $95,000 Morgan Stanley CD - Founders Bank Worth IL $96,394 3.500% $95,807 II-Sep-08 II-Sep-09 365 3.500% $95,000 Morgan Stanley CD - Bank ' ofnorth Georgia, Alpharetta $103,750 3.750% $101,177 22-0ct-08 22-0ct-09 365 3.750% $100,000 Z Morgan Stanley CD - Fifth Third Bank Cincinnati OH $207,900 3.950% $202,542 22-0ct-08 22-0ct-09 365 3.950% $200,000 >G) Morgan Stanley CD - World Financial Network National Bank Columbus OH $207,079 4.000% $202,488 22-0ct-08 22-0ct-09 365 4.000% $200,000.. 0 JooC» Morgan Stanley CD - Colonial Bank, N.A. Montgomery ALA $103,720 3.700% $101,334 24-0ct-08 26-0ct-09 367 3.700% $100,000 >-1 Morgan Stanley CD - GE Capital Financial Inc, Salt Lake City, UT $103,700 3.700% $101,159 23-0ct-08 23-0ct-09 365 3.700% $100,000 C') m Morgan Stanley CD - Goldman SACHS Bank USA Salt Lake City, UT $207,300 3.650% $202,496 12-Nov-08 12-Nov-09 365 3.650% $200,000 i:l'jm- Morgan Stanley CD - Parkway Bank and Trust Co. Harwood Heights, IL $207,280 3.650% $202,638 26-Nov-08 25-Nov-09 364 3.650% $200,000 N :::i: -I (TIm Morgan Stanley CD - American Express Bank, FSB Salt Lake City, UT $246,960 2.900% $242,273 10-Dec-08 IO-Dec-09 365 2.900% $240,000 ON s: Morgan Stanley CD - American Express Centurion Bank Salt Lake City, UT $102,900 2.900% $100,947 10-Dec-08 10-Dec-09 365 2.900% $100,000 o(,.) Morgan Stanley CD - Town North Bank, N.A. Dallas, TX $246,240 2.600% $241,879 17-Dec-08 17-Dec-09 365 2.600% $240,000 o wc.co

DET AIL OF INVESTMENT PORTFOLIO May 31, 2009 Investment Stated In terest Current Date of Date of Days Book Value Descriotion Custodian Value Rate Market Value Investment Maturity Invested Yield Purchase Price trj Morgan Stanley CD - Eurobank Hato Rey Puerto Rico $96,468 1.550% $95,052 20-Feb-09 I 9-Feb-1 0 364 1.550% $95,000 Morgan Stanley CD - Discover Bank Greenwood, DE $96,421 1.500% $94,997 27-Feb-09 26-Feb-IO 364 1.500% $95,000 Morgan Stanley CD - LibertyBank Eugene CD $95,637 0.800% $95,000 22-Apr-09 22-Feb-IO 306 0.800% $95,000 Morgan Stanley CD - Legacy Bank (WI) Milwaukee $96,389 1.750% $95,231 06-Feb-09 05-Feb-IO 364 1.750% $95,000 Morgan Stanley CD - First Bank of Georgia Augusta, GA $96,195 1.500% $95,052 04-Feb-09 04-Feb-IO 365 1.500% $95,000 Morgan Stanley CD - Amboy Bank Old Bridge, NJ $96,758 1.850% $95,299 04-Feb-09 04-Feb-IO 365 1.850% $95,000 Morgan Stanley CD - CAPMARK Bank Midvale, UT $96,663 1.750% $95,228 04-Feb-09 04-Feb-IO 365 1.750% $95,000 Morgan Stanley CD - Enterprise Bank Allison Park, PA $96,234 1.550% $95,088 04-Feb-09 04-Feb-IO 365 1.550% $95,000 Morgan Stanley CD - Towne Bank of Arizona Messa $96,389 1.750% $95,115 13-Feb-09 12-Feb-IO 364 1.750% $95,000 Morgan Stanley CD - Busey Bank Champaign $96,568 1.650% $95,156 04-Feb-09 04-Feb-IO 365 1.650% $95,000 Morgan Stanley CD - Cornerstone Bank Atlanta, GA $96,354 1.700% $95,173 17-Feb-09 17-Feb-IO 365 1.700% $95,000 Morgan Stanley CD - Bank of America, National Association Charlotte $96,568 1.650% $95,156 04-Feb-09 04-Feb-1O 365 1.650% $95,000 Morgan Stanley CD - American Express Centurion Bank Salt Lake City, UT $96,568 1.650% $95,156 04-Feb-09 04-Feb-IO 365 1.650% $95,000 Morgan Stanley CD - The Huntington National Bank Columbus $96,611 1.700% $95,190 06-Feb-09 05-Feb-IO 364 1.700% $95,000 Morgan Stanley CD - Colonial Bank, N:A. Montgomery ALA $96,188 1.250% $95,000 01-Apr-09 Ol-Apr-IO 365 1.250% $95,000 Morgan Stanley CD - Paragon Bank and Trust Holland $96,288 1.250% $95,000 30-Mar-09 30-Apr-IO 396 1.250% $95,000 Morgan Stanley CD - Royal Bank of America Narberth $96,188 1.250% $95,000 08-Apr-09 08-Apr-IO 365 1.250% $95,000 Morgan Stanley CD - Community Bank & Trust Sheboygan $96,093 1.150% $95,000 08-Apr-09 08-Apr-IO 365 1.150% $95,000 Morgan Stanley CD - The Leaders Bank Oak Brook IL $95,998 1.050% $95,000 13-Apr-09 13-Apr-IO 365 1.050% $95,000 Morgan Stanley CD - First Nations Bank Chicago IL $95,855 0.900% $95,000 21-Apr-09 21-Apr-IO 365 0.900% $95,000 Morgan Stanley CD - Midfirst Bank Oklahoma City OK $95,998 1.050% $95,000 22-Apr-09 22-Apr-IO 365 1.050% $95,000 Morgan Stanley CD - Advanta Bank Corp Draper $95,855 0.900% $95,000 29-Apr-09 29-Apr-10 365 0.900% $95,000 Morgan Stanley CD - Independent Bank Ionia $95,855 0.900% $95,000 29-Apr-09 29-Apr-IO 365 0.900% $95,000 Morgan Stanley CD - The National Bank of South Carolina Sumter SC $95,950 1.000% $95,000 30-Apr-09 30-Apr-10 365 1.000% $95,000 Morgan Stanley CD - First State Bank and Trust Company of Valdosta GA $95,950 1.000% $95,000 30-Apr-09 30-Apr-1O 365 1.000% $95,000 US Bank CD - Collateralized $1,167,395 1.340% $1,155,895 05-Feb-09 03-Nov-09 271 1.340% $1,155,895 US Bank CD - Collateralized $1,162,886 1.340% $1,151,472 06-Feb-09 03-Nov-09 270 1.340% $1,151,472 S Bank of Alameda CD - Collateralized $808,990 2.900% $799,544 28-Sep-08 28-Sep-09 365 2.900% $786,190 =m Total $8,855,601 $8,711,377 2.459% $8,668,557 =m ' -I Grand Total $28,810,372 $28,666,148 0.847% $28,618,495 I-3z >G> 0 (I) LAIF & MS are based on stated value. Stated value = the total value at maturity date trjcn- W ::>: -I OIm ON s OW. o th(qo

Supplemental Schedule Sources of Investments & Investment Portfolio May 31,2009 SOURCES FOR INVESTMENTS Account* Operating Funds Liabilities Balancing Account - see 3.C.43 for running balance detail Clean Future Fund Donations to AUSD Reserves Competitive Pricing Reserve Insurance Reserve Special Fund Major Contingencies Reserve Operating Contingency Reserve 10 3401 10 3147 10 3151 102105 102107 102108 102109 $9,531,892 13,475,9 74 72,067 11,216 1,423,759 1,200,000 1,000,612 650,000 FY 2009 Underground Fund Carryforward 71 112008 FY 20 I 0 Undergrounding Funding Underground Special Fund Used 102111 102111 102111 922,544 82 3,39 0 (885,419) Net - Underground Fund Available (Deficiency) Solar PV Rebate Reserve Total Sources For Investments 102112 860,515 392,459 $28,618,49 5 *General Ledger Balance 5-1-2009 Reserves, 5,538,561 (19%) Operating Funds, 9,531,892 (33%) Liablities, 13,559,257 (48%) ITEM 3.0 MEETING DATE: 6/15/2009 EXHIBIT B: PAGE 1 OF 1