MONTEREY PENINSULA WATER MANAGEMENT DISTRICT
INVESTMENT REPORT AS OF SEPTEMBER 30, 2004
WASTEWATER RECLAMATION PROJECT
Fund	Issuing Institution	Purchase	Maturity				Annual Rate	Portfolio
Description	Security Description	Date	Date	Cost Basis	Par Value	Market Value	of Return	Distribution
	Wachovia Securities							54.64%
O&M Reserve	Sonoma Cnty CA Ctfs Partn	10/01/03	11/15/17	$25,000	$25,000	$24,949	4.00%
	Soquel CA School Dist	03/31/04	08/01/17	20,888	20,000	20,129	3.97%
	CA ST Univ Rev	01/22/03	11/01/11	49,994	50,000	50,441	3.27%
	Corona Ca Red Agy	08/05/04	09/01/17	51,035	50,000	50,932	4.17%
	CA Hsg Fin Agy Rev	11/28/01	08/01/10	10,356	10,000	10,656	4.31%
	San Jose Ca Red Agy	06/03/02	08/01/10	21,726	20,000	21,863	4.57%
	Abag Fin Auth CA non profit corp	06/03/02	04/01/12	51,603	50,000	52,992	4.34%
	Lancaster CA Hsng Auth	06/04/02	04/01/14	20,592	20,000	21,039	4.56%
	Jefferson CA School Dist	02/05/04	07/15/19	40,018	40,000	39,558	4.04%
	Money Market Fund	09/30/04	10/01/04	7,503	7,503	7,503	0.62%
R&R Reserve	Federal Home Loan Mortgage	04/19/02	10/15/12	15,038	15,000	14,674	4.60%
	Federal Home Loan Bank	09/14/04	11/26/10	80,904	80,000	78,417	4.10%
	Government National Mortgage Assn.	07/30/04	07/20/34	25,236	25,000	24,095	5.65%
	Federal National Mortgage Assn.	10/27/03	01/25/33	8,988	8,899	8,858	5.52%
	General Elec. Cap. Corp.	04/01/04	10/15/14	10,000	10,000	9,642	4.40%
	General Motors Accept Corp	12/03/01	08/15/06	24,558	25,000	25,383	5.41%
	Oceanside CA Ctfs Partn	10/03/03	08/01/08	65,774	60,000	63,617	3.77%
	Money Market Fund	09/30/04	10/01/04	6,329	6,329	6,329	0.62%
				$535,542	$522,731	$531,077	4.13%
	US Bank Corp Trust Services							1.10%
Trustee Held Funds	Acquisition Fund	09/30/04	10/01/04	$8,454	$8,454	$8,454	1.06%
	Certificate Payment Fund	09/30/04	10/01/04	2,166	2,166	2,166	1.15%
	Interest Fund	09/30/04	10/01/04	58	58	58	1.74%
	Rebate Fund	09/30/04	10/01/04	16	16	16	0.00%
				$10,694	$10,694	$10,694	1.08%
	Bank of America							44.26%
Cash	Money Market Fund	09/30/04	10/01/04	$430,239	$430,239	$430,239	1.11%
TOTAL RECLAMATION				$976,475	$963,664	$972,010	2.76%
These investments include sufficient liquid funds to meet anticipated expenditures
for the next six months as reflected in the annual budget adopted June 21, 2004