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Home My WebLink AboutQuaterly Acount Statements Deferred Compensation Plans VIL - G. I ............ CITY OF PALM DESERT ,411.1r 111111i 'ri I TREASURY ) `' • °rE a� ‘10547INTEROFFICE MEMORANDUM To: Members of the City Council Members of the Finance and Investment Committee From: Paul S. Gibson, C.C.M.T., City Treasurer , Date: November 14, 2001 Subject: Quarterly Account Statements on Deferred Compensation Plans Enclosed are quarterly account statements from Nationwide Retirement Solutions and from ICMA Retirement Corporation on the 457 Deferred Compensation Plans that they are administering on behalf of the City of Palm Desert ("City"). I am providing these statements to you for your review and information. The State Treasurer of California, Philip Angelides, has issued an opinion which states that local agencies should provide their governing bodies with periodic disclosure reports on all 457 Plan assets that are held in trust for employees. Although City employees determine: (1) how many of their cafeteria credits, if any, are to be applied to a 457 Plan; (2) who the plan administrator shall be; and (3) the investment option(s) to be selected, 457 Plan assets are technically considered to be City assets since they are held in the City's name. While this affords 457 Plan assets favorable tax treatment under the Internal Revenue Code, it also triggers a reporting requirement for the City. CITY COUNCIL ACTION: APPROVED DENIED RECEIVED + oOAAv OTHER MEETI DATE - AYES: NOES: ,Akervio) ABSENT:_,J4,42123 ABSTAIN: A LIi 1 VERIFIED BY: / nth Original on File with CitSd Cl�k' s Office H:\TJEFFREYIWORD 2000\MEMORANDA\FINANCE COMMITTEE1457 PLAN ACCOUNT STATEMENTS.DOC , • Nationwide® CITY OF PALM DESERT Retirement Solutions .aM1;alionwidrt'Finarrdal Company D� -red Compensation Progr- (457) Statement of Account II�I��I�I,uI�IuII11II1....ICI.I�I...1.l.l.il.li,Ill..tuli.Il PAUL GIBSON Page: 1 of 3 FINANCE DIRECTOR Entity: 0516 73510 FRED WARING DR PALM DESERT CA 92260-2524 Please review your statement carefully. Corrections may not be accepted more than 30 days after the closing date of the statement. Your Account.Value s Qf Se tembei- 3€1.. t 1 =ll° 2 401 553 34 F. ::::::.i'.iuiiliF:. :� f f ii Your Totai DeforraIs/Transfors In Tc. Date}.....:::. :.l ` `. :::::::::::::::.` $2,289,476.70 Your Total lthdrawais/Transfers Out To Oat +.......... . 1; `i - .Yo_u r-To i ::::-.;.:::: ::is°: :::.. :i a::-::-:.:: :: :::: :: :::::::::: : . Via: �.r .� ��r�d:itsT;�a�at�......... ...:.......... _::.:::::::::.:::,::. .:::::::.:: :::.::::::: - iiiif.......................................:: a ::G.a....n :Loss::::T€ ....Ix ........................._:.:::::::: ::::::::::::::::::::.:............._... ................... ...,::::......... The amount shown above in Total Charges/Credits To Date is the total amount of charges or credits since you have joined the plan. Report Period: July 01, 2001 Thru September 30, 2001 ;; ;<-iiiliiiilliiiilil€i=€ :'Y' : , . .... :::_:::-:::::::: :::::::::.:::.......................................__ .........P nl._i�ta�._�cl��ill�t:� ai�uss:::. : :..:: ::: ::::...........................................::::-�_::.::::::::-:._:::.:�.::-::::::::: ::- . � .._.1=.ul�.r�..Are.. _,.,........_......_,_.�................_ .................... co ` 06/30/2001 Deferrals/ Withdrawals/ Charges/ 09/30/2001 Fund Name Value Transfers Exchanges Transfers Credits Gain/Loss Value Life Des Aggressive Port 1,110.90 36.80 1,116.03 0.00 0.00 31.67 0.00 Life Des Conservative Port 235.00 11.80 247.46 0.00 0.00 0.66 0.00 � Am Cent Value lc 2,904.07 536.64 5,142.52 0.00 0.00 675.09 7,908.14 �� Life Des Mod Agg Port 230.79 36.80 263.01 0.00 0.00 4.58 0.00 _� Life Des Mod Constve Port 700.39 35.40 732.62 0.00 0.00 3.17 0.00 Life Des Moderate Port �� 231.42 11.80 240.25 0.00 0.00 2.97 0.00 �� Bond Fnd of America, Inc. 21,774.78 239.94 0.00 0.00 0.00 219.73 22,234.45 Brwn Cap Mgmt Sml Co Fnd 4,900.73 1,392.04 73.98 0.00 0.00 1,368.56 4,998.19 Drey Appreciation Fnd Inc 3,241.12 530.25 12,273.11 486.78 0.00 1,313.42 14,244.28 Drey Prem Mdcapstk as A 4,416.46 362.82 286.09 0.00 0.00 772.26 4,293.11 Drey S&P 500 Index Fund 63,594.55 3,252.60 1,623.34 953.50 0.00 9,554.03 54,716.28 �� Drey Prm3rdcnt Fnd Cis Z 23,261.42 983.34 0.00 0.00 0.00 4,331.77 19,912.99 Fid Asset Manager 9,575.97 0.00 0.00 330.20 0.00 747.39 8,498.38 CUSTOMER SERVICE (877)677-3678 (ESPANOL) (800)649-9494 TDD: (800)848-0833 Web Site: WWW.NRSFORU.COM If you have any questions or concerns about your account, c Customer Service number, or write to the following address:please all the NATIONWIDE RETIREMENT SOLUTIONS PO BOX 16766 COLUMBUS OH 43216-6766 90697998P000000441 Report Period: July 01, 2001 thru Se ber 30, 2001 Page: 2 of 3 Entity: 0516 IYour 457 Deferred Cnmpensatiqnflalttf Aount° plues B}r i=urd Are: 06/30/2001 Deferrals/ Withdrawals/ Charges/ 09/30/2001 Fund Name Value Transfers Exchanges Transfers Credits Gain/Loss Value Fid Contrafund 119,082.28 4,620.78 - 1,697.18 - 1,019.23 0.00 - 10,795.06 110,191.5E Fid Equity Income Fnd 57,294.15 1,846.34 0.00 -769.00 0.00 -7,199.51 51,171.9E Fed US G'tsc Fnd 2-5 Ys Is 4,904.57 0.00 0.00 0.00 0.00 236.62 5,141.19 Nationwide Fixed Account 1,401,994.73 14,538.26 8,141 03 -23,528.20 0.00 19,345.49 1,420,491.31 Fid Magellan Fnd 97,469.39 3,217.48 0.00 0.00 0.00 - 15,472.92 85,213.9.5 Grwth Fnd of America, Inc. 27,352.79 975.50 1,605.89 -377.80 0.00 -6,038.32 23,518.06 Nw Invdes Aggr Fd Sc 0.00 184.00 1,116.03 0.00 0.00 - 158.18 1,141.85 Nw Invdes Mod Cons Fd Sc 0.00 177.00 732.62 0.00 _ 0.00 -40.07 869.55 Invesco Dyn Fnd Ic 41,764.41 4,721.38 - 11.97 - 1,000.17 0.00 - 15,475.18 29,998.47 Nw Invdes Mod Aggr Fd Sc 0.00 59.00 238.29 0.00 0.00 -29.16 268.13 Nw Invdes Moderate Fd Sc 0 00 59.00 240.25 0.00 0.00 -21.67 277.5E Nw Invdes Consery Fd Sc 0.00 59.00 247.46 0.00 0.00 -4.81 301.65 Incm Fnd of America, Inc. 23,207.00 1,083.66 -49.15 0.00 0.00 -998.65 23,242.66 Am Cent Income&Grwth Ic 6,006.33 1,132.50 927.00 -870.40 0.00 -942.11 6,253.32 Invesco Equ Inc Fnd Ic 12,220.99 22.05 - 11,967.69 - 106.60 0.00 - 168.75 0.00 Janus Adv Agg Grth Fnd 0.00 0.00 765.16 0.00 0.00 - 139.65 625.51 Janus Fund 103,709.63 8,416.40 - 1,389.74 -614.60 0.00 -27,865.62 82,256.07 Ms Ift Fixed Incm Port Ic 0.00 0.00 846.49 0.00 0.00 5.24 851.73 Msdw Equ Grth Port Cb 3,513.30 692.28 0.00 0.00 0.00 -612.48 3,593.10 Nat Money Market Fnd Ps 45,105.07 360.00 -9,073.64 0.00 0.00 234.34 36,625.77 Nat Bnd Indx Fnd Cls A 0.00 0.00 1,899 87 0.00 0.00 30.66 1,930.53 Gartmore Tot Ret Fd D 108,664.03 5,458.07 - 1,080.56 - 1,826.01 0.00 - 16,864.52 95,351.01 Gartmore Growth Fd D 20,359.02 0.00 0.00 0.00 0.00 -4,275.11 16,083.91 Nat Income Fnd 90.38 0.00 0.00 0.00 0.00 4.02 94.40 Nat S&P 500 Indx Fnd Cls Y 18,705.64 1,379.96 398.20 -401.45 0.00 -2,833.60 17,248 75 Neu ber Partners Fd Tc 247.08 0.00 0.00 0.00 0.00 -39.93 207.15 Opp Global Fnd Cls A 13,090.80 983.46 17.31 0.00 0.00 -2,469,42 11,622.15 Natwde Lg Cp Value Fd Y 1,117.71 0.00 - 1,105.59 0.00 0.00 - 12.12 0.00 Natwde Lg Cap Growth Fd Y 3,576.73 0.00 0.00 0.00 0.00 -646.07 2,930.66 Ptnm Voyager Fnd Cls A 90,804.20 2,709.70 - 1,605.89 -308.40 0.00 - 17,230.50 74,369.11 Nat Small Company Fnd 11,861.60 797.28 0.00 0.00 0.00 -2,317.28 10,341.60 Am Cent Growth Fnd Ic 15,366.68 1,111.44 -2,876.41 0.00 0.00 -2,733.45 10,868.26 Am Cent Intl Disc Ic 4,703.30 0.00 0.00 0.00 0.00 -904.50 3,798.80 Am Cent Ultra Ic 114,347.61 3,276.60 - 176.19 -2,505.91 0.00 - 19,750.05 95,192.06 Temp Foreign Fnd Cls A 34,004.60 492.00 305.42 -207.00 0.00 -4,694.56 29,900.46 T. Rowe Pr Intl Stock Fnd 15,090.81 0.00 0.00 0.00 0.00 -2,315.81 12,775.00 Totals: 2,531,832.43 65,803.37 0.00 -35,305.25 0.00 - 1E0,777.21 2,401,553.34 As Of''Serate.. mb r fit). 2(fDt Your Deferrals Are Being Invz sfecl As Fellows °: i;i ; ;i;i _ -"-i iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Fund Description Percent Unit Value Units ACV Am Cent Value Ic 1.1757 6,726.3108 BFA Bond Fnd of America, Inc. 2.7122 8,198.0032 BSC Brwn Cap Mgmt Sml Co Fnd 1.2436 4,019.0556 DAF Drey Appreciation Fnd Inc 0.9992 14,256.3403 DPM Drey Prem Mdcapstk Cls A 1.0932 3,927.2041 DSP Drey S&P 500 Index Fund 1.2973 42,176.2435 DTC Drey Prm3rdcnt Fnd Cls Z 3.5287 5,643.0838 FAM Fid Asset Manager 1.7738 4,791.1173 FCN Fid Contrafund 3.0420 36,223.8922 • FEI Fid Equity Income Fnd 7.5704 6,759.5239 FIG Fed US G'tsc Fnd 2-5 Ys Is 1.5103 3,404.0992 FIX Nationwide Fixed Account FMG Fid Magellan Fnd 2.7662 30,805.3790 GFA Grwth Fnd of America, Inc. 5.0330 4,672.7317 DA Nw Invdes Aggr Fd Sc 0.8715 1,310.1460 DC Nw Invdes Mod Cons Fd Sc 0.9530 912.4400 DF Invesco Dyn Fnd Ic 0.9336 32,133.2274 DM Nw Invdes Mod Aggr Fd Sc 0.8954 299.4568 DS Nw Invdes Moderate Fd Sc 0.9215 301.2334 DV Nw Invdes Consery Fd Sc 0.9833 306.7589 FA Incm Fnd of America, Inc. 3.0835 7,537.8614 GF Am Cent Income& Grwth Ic 0.9413 6,643.5373 JAG Janus Adv Agg Grth Fnd 0.7115 879.1937 JF Janus Fund 2.1278 38,658.1018 MFI Ms Ift Fixed Incm Port Ic 1.6488 516.5808 MIE Msdw Equ Grth Port Cb 1.0005 3,591.3711 MMF Nat Money Market Fnd Ps 3.5032 10,454.9812 NBI Nat Bnd Indx Fnd Cis A 1.0428 1,851.3013 NE Gartmore Tot Ret Fd D 20.2223 4,715.1400 NGF Gartmore Growth Fd D 2.3406 6,871.6318 NIF Nat Income Fnd 1.1663 80.9446 NIY Nat S&P 500 Indx Fnd Cls Y 0.0213 18,722.5523 NPT Neu Ber Partners Fd Tc 0.9189 225.4416 OGF Opp Global Fnd Cls A 1.3491 8,614.8481 PLG Natwde Lg Cap Growth Fd Y 0.8107 3,614.8018 906979t8P0t0000442 Report Period: July 01, 2001 thru September 30, 2001 Page: 3 of 3 Entity: 0516 c':: ::- •::: :: tiG Ur Septemb'. r Yo s Are_Bein .1 vest r x.:..:::.::...:.. ..::.. , 0 ::::.:.:curflrrl ed As Fund Description Percent Unit Value Units PVF Ptnm Voyager Fnd Os A 4.2115 17,658.3706 SCF Nat Small Company Fnd 1.2610 8,200.8614 TCG Am Cent Growth Fnd lc 6.2860 1,728.9546 TCI Am Cent Int'l Disc lc 1.2072 3,146.8123 TCL Am Cent Ultra lc 2.8041 33,947.8875 TFF Temp Foreign Fnd Cis A 1.9219 15,557.7611 TRI T. Rowe Pr Int'l Stock Fnd 1.6371 7,803.2937 tour ,Efe lr'EsttrAlnl. ._I0fpr::....�tOl�i;�<_�-N;1:<<�=::r�::::::::::]_:.:_::n-::::-�,::::::n:_-_:::::-::.. .�1.-:= -�_ .........:...: :'E::: _ ..e:_......f8:vv:i�=_ l:::::r.��......__..x_••.i3:�? :h-im._-•.p;n__ Policy Premium Report Period Account Surrender Death Life Option Number Per Pay Premiums Value Value Benefit Universalife 106.67 499.74 17,170.04 10,471.13 326,139.00 Plan I (Universal Life) 97.48 584.88 6,976.57 3,744.01 261,616.00 .FFeiF ..... ::...: '... -'r.-:::a�:_.:v-'c:e _-: •:_e::�:_rcvz:vr..:cx::v::=-::•:..._...: _ _ _ _ __-_ .. .....:. .... ��. ..... ...__...•:a:c::_�.....::::::r:..:-...:::-?•:::--.�..:i:::::c::_Eeili::i:::_iFi:E�:u'.:�5e�:..:-!'_.____: :n::n:•: -:r..s::n:,"_....._.:F:i.;.;�4...I::c:::..._._........:.::::v::::::..:v:a�•::x:v :E'::i ii hf.r.._.....r.._.....va............_......._.........::..........._..._......_r_._:.:.:_,:�....._::-nW;.,...__............_._:.:.._... !�,'� t71G'Ytt5]I.I.�rlt�if3C..... :::�: _ �;;.....:a::;e;...:• s_.......__.........,....._:;.:::�-::�:::�::...-..nn::::na:n::::.::_:3:�nn Investments Under This Plan Include: (1) Nationwide Life Group Fixed Fund Retirement Contract, Or (2) The Fund Options Within The Nationwide Life Group Flexible Fund Retirement Contract. __........ : ,:�::-.:..................... .. .........•.:..... .........,..._........... The new tax law lets you defer as much as $11,000 in 2002. And if you're 50 or over, you may be able to defer an extra $1,000. There are many other changes that may help you reach your goals for retirement. Let one of our 50 Nationwide (NIDirect Access Retirement Specialists help you evaluate your participation in light of the new tax law. Call toll-free at 1-877-677-3678. The 4th quarter effective interest yield for deposits received after 6/30/2000 into the Nationwide fixed return option is 5.65%. The 4th quarter effective interest yield for deposits prior to 7/1/2000 into the Nationwide fixed return option is 5.50%. The 2001 guaranteed minimum effective interest yield is 5.15%. IF YOU ARE AGE 65, PLEASE CALL THE SERVICE CENTER AT 1-877-677-3678 TO VERIFY YOUR DATE OF BIRTH. THANK YOU. a a a a a a a 90697998 P000000443 • Quarterly Financial xeport tor i7 Deferred Compensation P • ICMA RETIREMENT CORPORATION )7/01/2001. through 09/30/2001 'age 1 of 7 The public service Vantagepoint since 1972 fro A mesa nn To learn more about the impact of pension portability 001-0004 legislation on 457 and 401 accounts, and about ICMA- PAUL S GIBSON RC's enhanced IRA products, please visit the CITY OF PALM DESERT Retirement Reform Resource Center at 73 510 FRED WARING DRIVE www.icrnarc.org/retirementreform. PALM DESERT CA 92260-2564 *lan iii=. 0i 3nformatfon F'o the P:C 0.00. g O9/ (/2001 Fund Balance on 07/01/2001 ;$ 1 44 Plan No 302129 Contributions ':. '166 Roll-Ins ><f:►...•..+.:x•5.,.`�,66,::: Distributions gmffillAil4T4fAlt Fund-to-Fund Transfers '` #t#? Service Fees ie�:( `:E#yyi$�y(�yy0y0 E3r14rl s V?i1.�6,a6:0 Q5* .ci baiarlce on 09/30/2001 `$Z,5:43 69g 9< Total Plan Assets `< $2990 3Dverseae� s,g#vim :>��<�<�>< Ms. ;: :.:.; ::.::..: :...:.;:.:;::::.; ;;:::::.>;:. i:iii.:>:.io :ateiiimii ,»•.>>;>;:;;;::.;::g;i:, ..::i i ...... : :: Ro lnte tionai t Index' r r Growth Balance on 07/01/2001 $4,303.95 $39,203.26 $1,338.27 $29,883.14 $7,918.46 Contributions 734.20 2,517.06 0.00 1,270.24 1,380.10 Roll-Ins 0.00 0.00 0.00 611.21 0.00 Distributions 0.00 0.00 26.65- 0.00 0.00 Fund-to-Fund Transfers 0.00 0.00 0.00 0.00 0.00 Service Fees 1.77- 2.63- 0.00 5.52- 0.00 Earnings 662.95- 6,445.57- 179.26- 9,312.13- 1,646.46- Balance on 09/30/2001 $4,373.43 $35,272.12 $1,132.36 $22,446.94 $7,652.10 Percentage Invested Less than 1 % 1% Less than 1% 1% Less than 1% Summary by Fund cant. M.S. M.S. Growth M.S. M.S. Sm Co Equity Momtm Growth Fund Lrg Co. Growth Growth Balance on 07/01/2001 $0.00 $24,741.63 $1,118,130.21 $2,200.25 $2,747.23 Contributions 14.37 1,758.48 4,473.84 619.96 417.45 Roll-Ins 0.00 0.00 0.00 844.04 0.00 Distributions 0.00 0.00 4,227.37- 0.00 0.00 Fund-to-Fund Transfers 0.00 0.00 0.00 0.00 0.00 Service Fees 0.00 0.00 1.34- 4.03- 0.00 Earnings 0.28- 4,461.97- 231,565.80- 526.52- 563.60- Balance on 09/30/2001 $14.09 $22,038.14 $886,809.54 $3,133.70 $2,601.08 Percentage Invested Less than 1 % 1% 35% Less than 1% Less than 1 Please review your statement carefully. If you suspect an error,you must notify ICMA-RC at 1-800-326.7272 within 120 days after the end of the quarter in which it occurred. Failure to do so will prevent ICMA-RC from adjusting your account. 51 777 North Capitol Street, NE • Washington, DC • 20002-4240 • www.icmarc.org ICMA-RC Services. LLC. is a broker/dealer affiliate of the ICMA Retirement Corporation. member NASD and SIPC. ^•iarterly Financial Report for > A 7 Deferred Compensation Pl 07/01/2001 through 09/30/2'001 Page of 7 • :}i:{} nti;,i:}}::Y:r::;isjvi:::;:{::{ j::•{:•}:.;}}•.\.{.:.{\\.4•i}:}:^:vy::j:}:{{?:{i) .:.....,.... ............,...,,,,;}+Y::'r:`:•`:i� i�3k` `2k;ii�iiy`£.{:.x:ys: • • ummary•by Fhnd cant ;::<:': M.& ••:•:• <:1w,C:S. ' :::*,:{ 112,5 Broad..Market.; ::::::: a' Capital Apprec Value'. >::'>` Conttra Growth Index Sp Situations Balance on 07/01/2001 $17,111.32 $42.48 $39.57 $103,058.33 $4,422.88 Contributions 1,873.37 280.73 28.73 1,938.42 98.10 Roll Ins 0.00 0.00 0.00 0.00 0.00 Distributions 0.00 0.00 0.00 0.00 0.00 Fund-to-Fund Transfers 0.00 0.00 0.00 0.00 0.00 Service Fees 0.00 1.80- 0.00 0.00 0.00 Earnings 2,840.97- 19.39 3.44- 17,013.98- 662.52 Balance on 09/30/2001 $16,143.72 $302.02 $64.86 $87,982.77 $3,858.46 Percentage Invested 1% Less than 1% Less than 1% 3% Less than 1% -.; .,� ... ,..,. .,.4\:? ::•::'w;.:. ,v.•x vv }' +nir'riji:�ii`:%v:i:::i:i: :i�::i:Yi..... .lw...: .........:.... :.>Y..........._...:.:: .. .Ems. .. . }\? .• . . . :. �.,. „ .............:.. �I.S,:::.:.�.�:::....:::::. yyJJ ... ...... . .. . .........................:.:.: .,..... , .. .,•:. ..,.• :�:� .+:5<2>iiii�•�'J4+'M:au::i?{4:: . :' .wl:Fifi: ....... .............::..... .......... .................. ... ................A4..n.nxx,.\... A}•, kig=.fin...wn.n.\.. \�...c4 ,...:. ........... ......................................................... .:.w::::;:........:....v.:::•:}::: i::n:w::::•}v;::::.�::• ...-.n}::ti'.i}::.:•:::v:iiii::•i::.::.�::: Balance on 07/01/2001 $12,064.50 $667.59 $14.75 $10,970.64 $��4.699.90 Contributions 1,705.61 75.00 30.00 865.38 ?;ii41.28 Roll-Ins 0.00 0.00 0.00 • 0.00 0.00 Distributions 29.41- 0.00 0.00 0.00 0.00 Fund-to-Fund Transfers 0.00 0.00 0.00 0.00 0.00 Service Fees 0.00 0.00 0.89- 0.00 18.00 Earnings 1,948.75- 98.65 4.88- 1,127.55- 7,017.16 Balance on 09/30/2001 $11,791.95 $643.94 $38.98 $10,708.47 $31,306.02 Percentage Invested 1% Less than 1% Less than 1% Less than 1% 1% Summary b > and cant;:> ` I .,. Long Term M.S..• Asset::;.: > <: Traditional ;.}:. Income ....: <..}:' Growth .. .wim Balanced Allocation:::.:>;.;'} f rowth Balance on 07/01/2001 $21,236.37 $0.00 $144,399.81 $15,707.71 $1,442.85 Contributions 596.57 . 4,546.16 94.60 1,080.00 4,601.52 Roll-Ins 0.00 0.00 0.00 0.00 0.00 Distributions 0.00 2,424.09- 0.00 891.47- 0.00 Fund-to-Fund Transfers 0.00 0.00 0.00 0.00 0.00 Service Fees 3.17- 0.00 0.00 0.00 4.50 Earnings 190.30- 3,159.85 4.42- 12,079.44- 1,964.17 Balance on 09/30/2001 $1,845.95 $20,198.59 $90.18 $132,508.90 $18,340.56 Percentage Invested Less than 1 % 1% Less than 1% 5% 1 104A026-001-0004 III I'll I I IIIII III I I IIIIII I IIII II II W M Quarterly Financial Report for 57 Deferred Compensation 1 • ICMA RETIREMENT CORPORATION 07/01/2001 through 09/30/2001 'age 3 of 7 The public service Vantagepoint since 1972 .......... ........... Noii. 29 Siiiii :i:i'''' iii'iii 'i ?i'`.ii'i >iiii' ii'`' '` 'iii'i:i3i>.` :.;,.:.:.:.,:.......:::;::.,., ..y'..,.,,y:.,:.:,+:.y:.:•..: •:::«.;:;..y;.,.,>yg,ii.y,..y:.yy:'<.�.,.:::::;.,::::..: :::::: �`#:: > i3ri'%;?;':.�SOati�f:O>•;':::::.•.,.., ' yi�qdS1�: wos <;< i: ....................t:3ii....:....:................:•::.:.:�::::.:�............... .::::�::::v::.�:::::. '.\.y'.:::.::•:y:}:k`y:1.i.S.. . :v....yy:n.y:•i:y:•:.•:::.:.:i' ;:y::,;..:. i!l \ ii:ii>i:::;::i::j:::v:v;:•:i::•iy:::•::..i.:�:::•:yi:<iiY}i:: Yi:i. ::::i iii:: ::: VIM.'. �:•y`::i:ii::vi: :i:i .., TIIA::J::>i::i::::;:`::?ii>':j:'?:'::. : ..\:, ..fin• nini J1.. Balance on 07/01/2001 $372,742.35 343,984.24 $22,539.07 $769,990.68 Contributions 2,221.14 4,840.16 1,647.96 8,271.23 Roll-Ins 0.00 0.00 0.00 0.00 Distributions 4,308.94- 0.00 21.07- 698.61- Fund-to-Fund Transfers 0.00 33,212.89- 0.00 33,212.89 Service Fees 18.00- 13.50- 7.22- 7.63- Earnings 7,483.71- 1,432.62- 1,108.83 8,946.66 Balance on 09/30/2001 $363,152.84 $14,165.39 $25,267.57 $819,715.22 Percentage Invested 14% 1% 1% 32% Note:Amounts shown net of applicable fees and expenses.Earnings include dividends,interest and realized and unrealized gains and losses. t Barance Cha s comae r R-R ae it is#set M anc a tay invesltmer tyke)N#r C.�anc a : ::`>.;: ..;;'. ::::. :: :::::..._............_.:....G:FI�s:B�IJs�ac�>;::.;:..:.;;::•.i;:•>:>.:..:;>•;.;•;;>::•:..;::•;:.;;.:.;:.;:.;:.::.;Au.I�MA..RG : .. •. . . . . ::.:: . .....................:.::::.:::::::.:::::.�::::.�..:.::.:.::::.....,................................................... . P�rt�i:aii#s:Natio3tai! :;.::.;:..:_.;:..:.:..:;.y:<:. �!rj:•yii . :n: ...l.rr v �i:4j>'�? Y.'ry�j'.r::i i �i�i.. ::if::l..y r;ir:..y.qq:is Domestic Equities 51% E Domestic Equities 55% QFixed Income 46% M Fixed Income 37% International 3% ® International 4% ElCash Management 1% El Cash Management 4% Fund category must equal at least 0.5%of assets to be displayed. Due to rounding,percentages may not sum to 100%. 31t ;;:•• Value hhares on iI7401(2OO1 f8111 0#!4 79I3 l200 i•.ili > y:.;:.::.y:.:<.;:..:.;.;;:..;:.;:.;:..:.;:..:.>:.>:.:.;:.:,: .;:.;:..::;..:.;:..:< ::: .....e;';:.;;:.y:;,;..:.. .........:o. :.;:.; y:.: '•y .:. ::.�y<.::;.:•w,:,+:•y:.; .iiii:. n : . ..:>:;•>.: ;>: :�.:.:.�.......:..........:.... . . ............. ...........�'�# »:.i . :.>yy:.:�#;;;:.:<.;.;.;:.;;.>:..:<.;: :.;; l4..>r'� 1e:>:: M.S. o e gn 395.5830 $10.88 467.7465 $9.35 International 2,899.6498 13.52 3,099.4834 11.38 Overseas Eqty Index 131.2030 10.20 128.5307 8.81 Aggressive Oppor 902.2685 33.12 974.6825 23.03 M.S. Aggr Growth 331.3163 23.90 395.0489 19.37 M.S. Sm Co Equity 0.0000 10.68 1.5502 9.09 M.S. Momtm Growth 1,334.5000 18.54 1,437.5828 15.33 Growth Fund 38,850.9456 28.78 38,861.0668 22.82 M.S. Lrg Co. Growth 159.4386 13.80 290.1570 10.80 M.S. Growth 128.4952 21.38 149.4017 17.41 777 North Capitol Street, NE • Washington, DC • 20002-4240 • www.icmarc.org 50 ICMA-RC Services. LLC. is a broker/dealer affiliate of the ICMA Retirement Corooration. member NASD and SIPC. iarterly Financial Report for A 7 Deferred Compensation Pi 07/01/2001 through 09/30/2001 Page 4 of 7 Plan Name CITY C F PALM DES€RT • Flan No 302129 Share Value; Shares an 0710112001 Shares on O`9 3012001 ;.;:•:•:;•???:•?;:, # Shares Value of : W . ::>:>:>:::':>`:>:: ; M.:::# Shores .'"'''''""'"Value of . .., Owned One Share' Owned. .., ;;Qne Share M.S. Capital Apprec 895.8806 19.10 1,000.23'05 16.14 M.S. Value 3.1842 13.34 24.4748 12.34 M.S. Contra Growth 2.0058 19.73 3.6117 17.96 Broad Market Index 3,831.1645 26.90 3,908.6083 22.51 M.S. Sp Situation 173.3103 25.52 177.3191 21.76 500 Stock Index 821.8325 14.68 944.8669 12.48 Growth & Income 41.4649 16.10 46.3935 13.88 M.S. Lg Co Value 1.4521 10.16 4.4703 8.72 M.S. Grwth & Inc 482.0141 22.76 521.8555 20.52 All-Equity Growth 1,724.6472 20.12 1,920.6149 16.30 Equity Income 51.3653 28.09 73.0489 25.27 Long-Term Growth 1,182.4256 17.96 1,313.3027 15.38 M.S. Balanced 0.0000 18.02 5.3173 16.96 Asset Allocation 6,313.9399 22.87 6,321.9895 20.96 Traditional Growth 937.7733 16.75 1,224.3369 14.98 Savings Oriented 22,853.6089 16.31 22,725.4590 15.98 Conservative Growth 2,826.7510 15.56 970.2325 14.60 Core Bond Index 1,473.1420 15.30 1,576.2670 16.03 • Contrib ti :Lis v�.:�.. .:...:?::.: :..:........... .....::::.�:::;•.;............ ..... ....r.....::i;:.�:: ..:.: 'i+ti?�j:i::i+i:•?:i::�:::i�iii vi::ti:'r::j:tiri:i??:•?:i>.•?:ti.:�:.ri:{'::{•i??:•?:>.•i:•:?:}i... .................. Date 07/10/2001 07/23/2001 07/24/2001 08/09/2001 08/20/2001 09/04/2001 Total $8,593.51 $8,843.51 $155.46 $8,648.97 $8,821.97 $8,021.97 Date 09/17/2001 Total $8,536.27 Total Contributions This Period $51,621.66 104A026-001-0004 1 III1 113 E MI E E 111 1 ii II W M • Fund Performance Report For Yo 157 Deferred Compensation in ICMA RETIREMENT CORPORATION ?age 5 of 7 The public service Vantagepoint since 1972 ............................:.................................................................................... ................................................................................................................. As of SEPTEMBER 30,2001 AVERAGE ANNUAL RETURNS ICMA-RC 3rd Qtr Year- 1-Year 3-Year 5-Year 10-Year Inception Funds 2001 to- or Since Date Date Inception Mode[Portfolio:Fun` .:.......::::::Sevin s Or(ented:::........................................................................................,,...........................................................................,....................................................... . ........................................................................................................................................... 9 -2.02% -0.81% 1.01% 4.86% 6.82% 7.32% 02/09/1995 Conservative Growth -6.17% -6.23% 4.65% 4.81% 7.08% 7.13% 04/01/1996 " ^ Traditional Growth -10.57% -12.24% -14.35% 5.08% 7.49% 7.63% 04/01/1996 Long Term Growth -14.37% -17.53% -20.88% 7.27% 7.75% 8.15% 04/01/1998 All-Equity Growth -18.99% -23.37% - - - -27.56% 10/02/2000 Benchmarks: U.S.30 Day T-Bills 0.89% 3.26% 4.89% 4.96% 5.06% 4.63% Lehman Gov't./Credit Index 4.76% 8.44% 13.17% 5.91% 8.00% 7.83% Wilshire 5000 Index -15.90% -20.77% -28.92% 1.96% 8.61% 11.91% MSCI EAFE Index -13.96% -26.35% -28.28% -0.87% 0.14% 424% PLUS Fund(2) 4.58% 4.94% 5.08% 5.32% 5.66% 6.22% 01/01/1991 Cash Management 0.72% 2.79% 4.24% 4.54% 4.56% 4.64% 02/01/1989 Core Bond Index 4.77% 7.87% 12A9% 4.89% 8.72% 6.58% 12/01/1974 ." US Treasury 5.67% 7.60% 12.57% 4.90% 7.00% 6.27% 07/01/1992 Benchmarks: 90-Day T-Bills 1.08% 3.76% 5.45% 5.32% 5.34% 4.95% Lehman Gov't/Credit Index 4.76% 8.44% 13.17% 5.91% 8.00% 7.83% -Because there is no trading market for nvestment contracts,PLUS fund returns consist of yield only.Returns are annualized for ease of comparison with other stable value investments.Mnknum nnualized effective yield for the throe month period ending 12/31/2001 is 4.00%. ;:::<::.':. .........Asset:. ►llocation &.::Batw i%i»''5:':::'`:::i.:.:`::;:i>: ;r:i?ii•:.:i::::%'n: ''rii'ise 3i:i'r'<:::::..:>::i sasii..:i:':.:::::'::`i:::i::''::<'i:::ias:::::ii:i:i i:i::'ii::':'i^iii:. i:: ........................... ...... -d ^ Asset Allocation -8.35% -12.92% -15.92% 1.32% 8.31% 9.64% 12/01/1974 MS-Balanced Income(Fidelity Puritan Fund) -6.94% -7.08% -4.75% 4.48% 8.53% 9.57% 06/06/1995 MS-Balanced Fund(Vanguard/Wellington Fund) -5.88% -3.31% 2.98% 5.44% 9.49% 9.64% 01/02/1996 Benchmarks: 60%S&P 500/40%Lehman Gov/Cr -7.20% -9.48% -12.21% 3.98% 9.76% 10.98% ............. "\ Equity Income -10.04% -5.43% 2.81% 4.24% 10.92% 13.16% 04/01/1994 Benchmarks: S&P/BARRA Value Index -16.21% -18.22% -16.89% 4.72% 9.80% 12.68% Russell 1000 Value Index -10.95% -12.08% -8.92% 5.60% 11.67% 13.85% VP=Vantagepoint Funds, Ai, only=VantageTrust Funds, No identifier=Fund not managed by ICMA-RC • 49 777 North Capitol Street, NE • Washington, DC • 20002-4240 • www.icmarc.org ICMA-RC Servit-es I I C is a broker/Healer affiliate of the ICMA Retirement Cnrnnratinn member NAM and SIPC- Fund Performance Report For • Ya 457 Deferred Compensation n ' Page 6 of 7 QES) RT :;;::>;::;:;:::>:>`::::<<<;`;: ;::;: :;:; Plan Nth 302'129 ::> FUND PERFORMANCE CONTINUED As of SEPTEMBER 30,2001 AVERAGE ANNUAL RETURNS ICMA-RC 3rd Qtr Year- 1-Year 3-Year 5-Year 10-Year Inception Funds 2001 to- or Since Date Date Inception Growth #n C1@ 500 Stock Index Fund -14.99% -21.06% -27.48% 0.95% - 5.25% 06/02/1997 Growth&Income -13.79% -16.23% -17.72% 11.55% - 11.57% 10/01/1998 Broad Market Index -16.32% -21.87% -30.11% 1.04% 7.86% 10.51% 11/01/1988 MS-Growth&Income(Fidelity G and I Portfolio) -9.84% -15.31% -18.80% 2.82% 9.63% 12.02% 06/06/1995 MS-Large Company Value(Lord Abbett Affiliated Class A) -14.17% -18.43% - • - -12.80% 10/02/2000 MS-Value(American Century Value Fund) -7.50% -1.12% 11.57% 8.21% - 5.30% 09/02/1997 Benchmarks: S&P 500Index -14.68% -20.39% -26.62% 2.04% 10.23% 12.69% yy Wilshire 5000 Index -15.90% -20.77% -28.92% 1.96% 8.61% 11.91% ........................................... Ai, Growth -20.71% -29.46% -36.80% 5.60% 7.78% 10.34% 04/01/1983 MS-Social Responsibility(Neuberger&Berman Socially Responsive) -11.51% -14.68% -13.68% 2.51% - 5.49% 04/01/1997 MS-Special Situations(Gabelli Value Fund) -14.73% -7.13% -9.90% 10.00% 14.85% 13.85% 10/02/1995 MS-Contrarian Growth (Fidelity Contra Fund) -8.97% -18.47% -23.96% 4.94% 10.04% 10.74% 01/02/1996 MS-Capital Appreciation(Fidelity Magellan Fund) -15.50% -20.96% -28.52% 3.59% 9.21% 8.69% 01/02/1996 MS-Growth (Fidelity Blue Chip Fund) -18.57% -26.79% -35.92% -0.44% 7.44% 9.15% 06/02/1995 MS-Large Company Growth(MFS Mass Investors Growth Stock) -21.74% -34.98% -43.95% 2.60% - 2.60% 10/01/1998 MS-Momentum Growth(American Century Ultra Investors Fund) -17.31% -24.93% -37.73% 0.95% 6.65% 7.72% 01/02/1996 Benchmarks: S&P 500 Index -14.68% -20.39% -26.62% 2.04% 10.23% 12.69% Wilshire 5000 Index -15.90% -20.77% -28.92% 1.96% 8.61% 11.91% S&P/BARRA Growth Index -13.20% -22.79% -35.70% -1.32% 9.94% 12.26% r Mid/Small Company Index Fund -21A2% -24.82% -38.87% 0.90% - 1.36% 06/02/1997 Ait, Aggressive Opportunities -30A6% -1.23% .43.21% 7.32% 5.47% 12.66% 10/01/1994 MS-Small Company Equity(T.Rowe Price Small Cap.Stk Adv CL) -14.89% -11.06% - - - -9.10% 10/022000 MS-Aggressive Growth(Putnam Voyager Fund) -18.95% -30.30% -40.64% 4.14% 6.11% 11.01% 06/02/1995 MS-Small Company Aggressive(Invesco Small Company Growth) -28.81% -36.86% - • - -48.10% 10/022000 Benchmarks: Wilshire 4500 Index -20.86% -24.03% -38.44% 1.82% 4.17% 9.73% Russell 2000 Index -20.79% -15.36% -21.21% 5.00% 4.54% 10.01% AL, VP=Vantagepoint Funds, Ai, only=Vantage Trust Funds,No identifier=Fund not managed by ICMA-RC 104A026-001-0004 111111111111111111111111111111111 W M Fund Performance Report For /Ail\ p , - 1( 457 Deferred Compensation Ln ICMA RETIREMENT CORPORATION Page 7 of 7 The public service Vantagepoint since 1972 FUND PERFORMANCE CONTINUED As of SEPTEMBER 30,2001 AVERAGE ANNUAL RETURNS ICMA-RC 3rd Qtr Year- 1-Year 3-Year 5-Year 10-Year Inception Funds 2001 to- or Since Date Date Inception Overseas Equity Index Fund -13.63% -26.58% -28.84% •2.31% - -2.89% 06/02/1997 Ai, International -15.83% -26.96% -30.10% -0.66% -0.38% 1.86% 10/01/1994 MS-Foreign Fund(Putnam International) -14.06% -26.38% -27.74% - - -2.95% 07/01/1999 Benchmarks: MSC!EAFE Index -13.96% -26.35% -28.28% -0.87% 0.14% 4.24% MSC!World Index -14.30% -23.18% -27.87% 0.55% 4.95% 8.08% -L VP=Vantagepoint Funds, Aik` only=VantageTrust Funds, No identifier=Fund not managed by ICMA-RC III securities are distributed by ICMA-RC Services,LLC,a broker-dealer affilliate of the ICMA Retirement Corporation and a member of the National kssociation of Securities Dealers,Inc.,(NASD)and the Securites Investor Protection(SIPC). For more information contact ICMA-RC Services,LLC,at 1-800-669-7400 or write to 777 North Capitol Street,NE Washington DC 20002-4240. 'erformance shown is net of all asset-based fees and expenses. See the Retirement Investment Guide for more information. Past performance is not a guarantee of future returns. Investment returns may fluctuate so you may have a gain or loss when you transfer or withdraw your funds. Returns are innualized for periods greater than 1 year. • 777 North Capitol Street, NE • Washington, DC • 20002-4240 • www.icmarc.org 48 ICMA-RC cer,irpc I I C is a hrnkpr/r-Ipaipr affiliate of the ICMA Rptirpmpnt Cnrnnratinn mpmhpr NAV) anrd SIPC