2024-05-13T11:24:47-05:00 2023-06-30 680000424 BFBA LLP 83 SCRIPPS DRIVE STE 210 SACRAMENTO CA 95825 990 2022-07-01 680132885 CALIFORNIA COUNTY SUPERINTENDENTS CALI 9164463095 1029 J STREET 200 SACRAMENTO CA 95814 KAREN STAPF WALTERS EXECUTIVE DIRECTOR 9164463095 2024-05-10 1 KAREN STAPF WALTERS 999009999 0 PATRICIA A FAITH P00294123 9169240800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KAREN STAPF WALTERS 1029 J STREET 200 SACRAMENTO CA 95814 5191037 0 X WWW.CCSESA.ORG X 1987 CA SEE SCHEDULE O 16 16 13 0 0 0 2474588 2799220 1272775 1194876 791619 174462 340097 475965 4879079 4644523 204000 198500 0 0 1742716 2028230 0 0 0 2374987 2355422 4321703 4582152 557376 62371 9939386 10753989 6812636 7045115 3126750 3708874 X THE ORGANIZATION'S MISSION IS TO STRENGTHEN THE SERVICE AND LEADERSHIP CAPABILITIES OF CALIFORNIA'S 58 COUNTY SUPERINTENDENTS IN SUPPORT OF STUDENTS, SCHOOLS, DISTRICTS AND COMMUNITIES. 0 0 287412 198500 SEE SCHEDULE O 1784959 1194876 MEMBER SERVICES:THE ORGANIZATION PROVIDES THE ORGANIZATIONAL MECHANISM FOR THE 58 COUNTY SUPERINTENDENTS OF SCHOOLS TO DESIGN AND IMPLEMENT STATEWIDE PROGRAMS TO IDENTIFY AND PROMOTE QUALITY COST-EFFECTIVE EDUCATIONAL PRACTICES AND SERVICES, AND PROVIDE SUPPORT TO SCHOOL DISTRICTS IN THE AREAS OF STUDENT SERVICES, CURRICULUM AND INSTRUCTIONAL SERVICES, FISCAL ACCOUNTABILITY AND BUSINESS SERVICES, AND TECHNOLOGY AND TELECOMMUNICATIONS. 1278844 POLICY DEVELOPMENT AND ADVOCACY:THE ORGANIZATION ADVOCATES ON BEHALF OF K-12 AND EARLY CHILDHOOD EDUCATION AT STATE AND FEDERAL LEVELS, AND IN PARTNERSHIP WITH STATE AGENCIES, DEVELOPS AND COORDINATES STATEWIDE POLICY AND TRAINING TO IMPLEMENT NEW RESPONSIBILITIES OF COUNTY SUPERINTENDENTS TO ENSURE CONSISTENT STATEWIDE APPLICATION AND STANDARDS. 3351215 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 13 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 CA X TIFFANIE FLOYD 9164463095 1029 J STREET SUITE 200 SACRAMENTO CA 95814 KAREN STAPF WALTERS EXECUTIVE DIRECTOR 40.00 X 316837 0 72637 DERICK LENNOX SENIOR DIRECTOR, GOV RELATIONS/LEGAL 40.00 X 191713 0 18342 TIFFANIE FLOYD DIRECTOR, FINANCE & OPERATIONS 40.00 X 139590 0 15239 KINDRA BRITT DIRECTOR, COMMUNICATIONS & STRATEGY 40.00 X 134156 0 29308 LINDSAY TORNATORE DIRECTOR, SYSTEMS IMPROVEMENT 40.00 X 147445 0 15210 BRIANNA RUVALCABA DIRECTOR, POLICY & ADVOCACY 40.00 X 127480 0 20484 SARAH ANDERBERG DIRECTOR, STATEWIDE 40.00 X 117246 0 16326 GAYLE GARBOLINO-MOJICA PRESIDENT 2023 3.00 X X 0 0 0 RICHARD DUVARNEY PRESIDENT ELECT 2023/REGION 2 CHAIR 2022 3.00 X X 0 0 0 DEBRA DUARDO PRESIDENT 2022, REGION CHAIR 11 3.00 X X 0 0 0 LISETTE ESTRELLA-HENDERSON TREASURER 3.00 X X 0 0 0 MARY ANN DEWAN LEGISLATIVE CHAIR 2023/REGION 5 CHAIR 2022 1.00 X 0 0 0 JEFF HARRIS REGION 1 CHAIR 1.00 X 0 0 0 MARY SAKUMA REGION 2 CHAIR 2023 1.00 X 0 0 0 ED MANANSALA REGION 3 CHAIR 1.00 X 0 0 0 LYNN MACKEY REGION 4 CHAIR 2023 1.00 X 0 0 0 DONEEN GUSS REGION 5 CHAIR 2023 1.00 X 0 0 0 TROY A BROWN REGION 6 CHAIR 2023 1.00 X 0 0 0 TODD BARLOW REGION 7 CHAIR 2023 1.00 X 0 0 0 SUSAN SALCIDO REGION 8 CHAIR 1.00 X 0 0 0 PAUL GOTHOLD REGION 9 CHAIR 1.00 X 0 0 0 STACEY ADLER REGION 10 CHAIR 2023 1.00 X 0 0 0 DAVID W GORDON BUSINESS PARTNERSHIP CHAIR 1.00 X 0 0 0 MICHAEL P WEST LEGISLATIVE CHAIR 1.00 X 0 0 0 BARBARA NEMKO REGION 4 CHAIR 2022 1.00 X 0 0 0 SCOTT KUYKENDALL REGION 6 CHAIR 2022 1.00 X 0 0 0 CECILIA A MASSETTI REGION 7 CHAIR 2022 1.00 X 0 0 0 BARRY D SIMPSON REGION 10 CHAIR 2022 1.00 X 0 0 0 1174467 0 187546 7 0 1 0 0 2084585 714635 2799220 CONFERENCE/MEETINGS 561000 1194876 1194876 1194876 219109 219109 475965 475965 501867 546514 -44647 -44647 -44647 4644523 1194876 0 650427 X 198500 198500 768186 537730 230456 954292 668005 286287 66863 46804 20059 118196 82737 35459 120693 84485 36208 5896 4127 1769 33075 33075 6300 6300 14852 10396 4456 705009 471341 233668 238317 200929 37388 85156 59609 25547 60394 49024 11370 772571 627123 145448 8454 5918 2536 8396 5877 2519 PERS EQUIV RETIREMENT B 411016 287712 123304 AWARDS/RECOGNITION 5986 4598 1388 4582152 3351215 1230937 0 4067682 4522916 110651 29524 58427 100238 223955 185704 12274 38251 5690352 6063060 9939386 10753989 318105 358482 6494531 6686633 6812636 7045115 X 2758882 3301615 367868 407259 3126750 3708874 9939386 10753989 X 62371 202235 317518 X X 0 1 X 1 0 X 4496132 5081671 2425162 2474588 2799220 17276773 2092673 2112917 907433 1272775 1194876 7580674 6588805 7194588 3332595 3747363 3994096 24857447 2784379 3402571 500000 500000 600000 7786950 0 2784379 3402571 500000 500000 600000 7786950 17070497 690035 490314 797688 436407 695074 3109518 690035 490314 797688 436407 695074 3109518 7278840 7684902 4130283 4183770 4689170 27966965 0.61040 0.58130 0.11120 0.09670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19696 42383 62079 4520073 4582152 379108 94777 0 0 477348 351977 366085 379108 1574518 2361777 69001 67697 75604 62079 274381 119337 87994 91521 94777 393629 590444 23433 24436 23987 19696 91552 24577 24577 0 68622 57323 11299 130756 103804 26952 38251 DEFERRED COMPENSATION TRUST ASSETS 5557927 OPERATING LEASE RIGHT-OF-USE ASSETS 505133 6063060 DEFERRED COMPENSATION BENEFITS LIABILITY 6149919 OPERATING LEASE LIABILITY 536714 6686633 4538756 0 4538756 105767 105767 4644523 3956632 0 3956632 625520 625520 4582152 PART XI, LINE 4B - OTHER ADJUSTMENTS: PERS EQUIVALENT INVESTMENT INCOME - RECLASSED FROM EXPENSE 150,414. REALIZED GAIN/LOSS - RECLASSED FROM EXPENSE -44,647. PART XII, LINE 4B - OTHER ADJUSTMENTS: PERS EQUIVALENT BENEFITS DEFERRED LIABILTY ADJUSTMENT 317,518. PERS EQUIVALENT INVESTMENT INCOME-RECLASSED TO REVENUE 150,414. REALIZED GAIN/LOSS - RECLASSED TO REVENUE -44,647. UNREALIZED GAIN/(LOSS) IN FINANCIAL STATEMENT EXPENSES 202,235. 1 ALAMEDA COUNTY OFFICE OF EDUCATION 313 WEST WINTON AVENUE HAYWARD CA 94544 946002421 501(C)(3) 18000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE BUTTE COUNTY OFFICE OF EDUCATION 1859 BIRD STREET OROVILLE CA 95965 946002433 501(C)(3) 15000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE HUMBOLDT COUNTY OFFICE OF EDUCATION 901 MYRTLE AVENUE EUREKA CA 95501 946002186 501(C)(3) 15000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE LOS ANGELES COUNTY OFFICE OF EDUCATION 9300 IMPERIAL HIGHWAY DOWNEY CA 90242 954592684 501(C)(3) 12000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE RIVERSIDE COUNTY OFFICE OF EDUCATION 3939 THIRTEEN STREET RIVERSIDE CA 92501 371704913 501(C)(3) 15000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE SACRAMENTO OFFICE OF EDUCCATION 10474 MATHER BLVD PO BOX 269003 SACRAMENTO CA 95826 946002536 501(C)(3) 12000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE SAN DIEGO COUNTY OFFICE OF EDUCATION 6401 LINDA VISTA ROAD SAN DIEGO CA 92111 956000935 501(C)(3) 18000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE SANTA CLARA COUNTY OFFICE OF EDUCATION 1290 RIDDER PARK DR SAN JOSE CA 95131 770272168 501(C)(3) 18000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE STANISLAUS COUNTY OFFICE OF EDUCATION 1100 H STREET MODESTO CA 95354 946002388 501(C)(3) 24500 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE TULARE COUNTY OFFICE OF EDUCATION PO BOX 5091 VISALIA CA 93278 942191905 501(C)(3) 13000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE UNIVERSITY ENTERPRISES CORPORATION 5500 UNIVERSITY PARKWAY SAN BERNARDINO CA 92407 956067343 501(C)(3) 21000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE VENTURA COUNTY OFFICE OF EDUCATION 5189 VERDUGO WAY CAMARILLO CA 93012 956000945 501(C)(3) 12000 0 HEWLETT ARTS INITIATIVE, STUART ARTS INITIATIVE 12 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORD OF THE HEWLETT ARTS INITIATIVE AND CALIFORNIA ARTS COUNCIL SUBGRANTS PROVIDED TO COUNTY OFFICES OF EDUCATION (LOCAL GOVERNMENT ENTITIES). THE ORGANIZATION CONTRACTS WITH ONE COUNTY SUPERINTENDENT OF SCHOOLS IN EACH OF THEIR ELEVEN SERVICE REGIONS TO LEAD THE WORK OF THE MENTAL HEALTH INITIATIVE WITHIN HIS/HER REGION. CONTRACT OBLIGATIONS, UNDER THE DIRECTION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR, INCLUDE FULFILLING THE SCOPE OF WORK/DELIVERABLES AS DETAILED IN THE CONTRACT IN ACCORDANCE WITH STATEWIDE GOALS, SUBMISSION OF INVOICES AND COST REPORTS TO THE ORGANIZATION FOR REIMBURSEMENT OF COSTS ASSOCIATED WITH THE AGREEMENT AND COMMUNICATION AND COMPLIANCE WITH THE REQUESTS OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND APPOINTED STATEWIDE ACTIVIES DIRECTOR. X X 0 0 0 0 0 0 0 0 0 KAREN STAPF WALTERS EXECUTIVE DIRECTOR 316837 0 0 0 0 0 72133 0 504 0 389474 0 0 0 DERICK LENNOX SENIOR DIRECTOR, GOV RELATIONS/LEGAL 191713 0 0 0 0 0 17838 0 504 0 210055 0 0 0 TIFFANIE FLOYD DIRECTOR, FINANCE & OPERATIONS 139590 0 0 0 0 0 0 0 15239 0 154829 0 0 0 KINDRA BRITT DIRECTOR, COMMUNICATIONS & STRATEGY 134156 0 0 0 0 0 13068 0 16240 0 163464 0 0 0 LINDSAY TORNATORE DIRECTOR, SYSTEMS IMPROVEMENT 147445 0 0 0 0 0 13433 0 1777 0 162655 0 0 0 MISSION STATEMENT THE ORGANIZATION'S MISSION IS TO STRENGTHEN THE SERVICE AND LEADERSHIP CAPABILITIES OF CALIFORNIA'S 58 COUNTY SUPERINTENDENTS IN SUPPORT OF STUDENTS, SCHOOLS, DISTRICTS AND COMMUNITIES. FORM 990, PART III, LINE 4A LEADERSHIP DEVELOPMENT: PACKARD PRESCHOOL - MOVING PRE-KINDERGARTEN FORWARD IN CALIFORNIA - COORDINATED WITH STATEWIDE PRE-KINDERGARTEN PARTNERS TO EXTEND COLLABORATIVE EFFORTS ON POLICY, ADMINISTRATIVE EFFECTIVENESS, AND FUNDING THAT IMPROVE ACCESS TO HIGH QUALITY PRE-KINDERGARTEN PROGRAMS. STRENGTHENED THE PRE-KINDERGARTEN ORGANIZATIONAL AND ADVOCACY CAPACITY OF COUNTY SUPERINTENDENTS THROUGH FOCUSED WORK IN TARGET COMMUNITIES. EXPLORED LINKAGES BETWEEN PREK-GRADE 3 TECHNICAL ASSISTANCE AND SYSTEMS-DEVELOPMENT RESOURCES BUILDING ON THE ACADEMIC SUPPORT AND ASSISTANCE EFFORTS OF THE ORGANIZATION AND CDE. HEWLETT CAPACITY BUILDING FOR STUDENT SUCCESS - BUILT CAPACITY AT THE STATE LEVEL AND ASSISTED THE STATE BOARD OF EDUCATION IN STRATEGIC PLANNING AND IMPLEMENTATION TO IMPROVE STUDENT ACADEMIC ACHIEVEMENT. DEVELOPED CAPACITY AT THE COUNTY AND DISTRICT LEVEL TO PROVIDE LEADERSHIP IN RESOURCE ALLOCATION IN A NEW ENVIRONMENT OF REDUCED STATE RESOURCES, INCREASED STATE CATEGORICAL FLEXIBILITY, AND NEW ONE-TIME FEDERAL RESOURCES. PROVIDED FISCAL PLANNING ADVICE AND GUIDANCE, TECHNOLOGY-BASED TOOLS AND RESOURCES, AND CONDUCTED WEBCASTS AND WORKSHOPS ON MAXIMIZING LOCAL FUNDING AND FLEXIBILITY WHILE FOCUSING ON STUDENT SUCCESS. HEWLETT ARTS INITIATIVE - PROVIDES REGIONAL GRANTS TO COUNTY OFFICES OF EDUCATION TO PROMOTE ARTS AS PART OF THE CORE CURRICULUM AND ARTS ASSESSMENT. DEVELOPED TOOLS AND RESOURCES FOR EDUCATORS. STUDENT MENTAL HEALTH - BUILDS CAPACITY FOR PREVENTION AND EARLY INTERVENTION OF STUDENT MENTAL HEALTH ISSUES OF ELEMENTARY (K-8) STUDENTS, BUILD RELATIONSHIPS AMONG LOCAL AGENCIES TO DEVELOP EFFECTIVE USE OF RESOURCES AND IMPROVE COMMUNICATIONS AND INFORMATION SHARING, AND BUILD CAPACITY IN THE COUNTY OFFICES OF EDUCATION AND SCHOOL DISTRICTS FOR EDUCATION AND TRAINING OF SCHOOL STAFF AND FOR TECHNICAL ASSISTANCE TO SCHOOLS FOR PROGRAM DEVELOPMENT AND IMPLEMENTATION FOCUSED ON PREVENTION OF STUDENT MENTAL HEALTH ISSUES. COMMITTEES - THE ORGANIZATION'S STEERING COMMITTEES FOCUS ON PROVIDING LEADERSHIP, PROFESSIONAL DEVELOPMENT, RESEARCH AND FEEDBACK, COMMUNICATION, AND PROGRAM AND POLICY DEVELOPMENT STATEWIDE IN THE AREAS OF BUSINESS, CURRICULUM AND INSTRUCTION, PERSONNEL AND ADMINISTRATION, STUDENT PROGRAMS, AND TECHNOLOGY AND TELECOMMUNICATIONS. FORM 990, PART IV, LINE 4 - SCHEDULE C FOR PURPOSES OF THE FORM 990 FOR 2023-23, THE CALIFORNIA COUNTY SUPERINTENDENTS HAVE UPDATED THE METHODOLOGY USED TO CALCULATE OUR TOTAL EXPENDITURES SPENT TO INFLUENCE PUBLIC OPINION AND TO INFLUENCE A LEGISLATIVE BODY. PREVIOUSLY, OUR METHODOLOGY WAS BASED ON AN ESTIMATED PERCENTAGE OF TIME SPENT ON LOBBYING ACTIVITIES FOR ANY EMPLOYEE THAT ENGAGED IN LOBBYING. IN THE SPIRIT OF ACCURACY AND TRANSPARENCY, OUR METHODOLOGY NOW UTILIZES A TRACKING SYSTEM THAT STAFF USE TO CONTEMPORANEOUSLY LOG ALL TIME AND EXPENSE RELATED TO LOBBYING. FOR THE 2022-23 FISCAL YEAR, THE AMOUNTS REPORTED ARE BASED ON THE FOLLOWING ASSUMPTIONS: " OUR NEW TRACKING SYSTEM HAS EXPENDITURE DATA FROM THE SIX-MONTH PERIOD OF OCTOBER 1, 2023, THROUGH MARCH 31, 2024. " ON AVERAGE, THE ORGANIZATION SPENT ROUGHLY THE SAME AMOUNT OF TIME AND EXPENSE ON LOBBYING ACTIVITIES IN 2022-23 THAT IT DID DURING THE SIX-MONTH PERIOD ABOVE. " THEREFORE, THE REPORTED AMOUNT IN 2022-23 IS EQUAL TO TWICE AMOUNT IN BULLET TWO (ABOVE). SCHEDULE C FOR TAX YEARS 2019-2021 HAVE ALSO BEEN UPDATED WITH THIS NEW METHODOLOGY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE COUNTY SUPERINTENDENT MEMBERS ELECT THE PRESIDENT AND TREASURER. REGIONAL SERVICE REGION CHAIRS ARE APPOINTED BY THEIR COLLEAGUES WITHIN THE REGION TO SERVE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - BYLAW AMENDMENTS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TREASURER REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD PERFORMS AN ANNUAL REVIEW FOR ITS EXECUTIVE DIRECTOR. COMPENSATION IS DETERMINED AS A RESULT OF THIS REVIEW. AN INDEPENDENT ENTITY DID NOT CONDUCT THE RESEARCH. EXECUTIVE DIRECTOR'S SALARY BASED ON THE RANGE OF TOTAL COMPENSATION EARNED BY COUNTY SUPERINTENDENTS IN CLASSES 1 AND 2 (2020-2021 = $195,000 - $340,000) WITH CONSIDERATION OF COMPENSATION PACKAGES FOR EXECUTIVE DIRECTORS OF OTHER STATEWIDE ASSOCIATIONS (PER THE ACTION TAKEN BY THE BOARD OF DIRECTORS AUGUST 2020). OFFICERS DO NOT RECEIVE COMPENSATION. INDEPENDENT RESEARCH WAS NOT CONDUCTED FOR KEY STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER OUTSIDE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,240. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,240. STIPENDS/SCHOLARSHIP/CONTRACTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,750. CONTRACT FEES: PROGRAM SERVICE EXPENSES 454,699. MANAGEMENT AND GENERAL EXPENSES 175,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 630,198. MERCHANT FEES: PROGRAM SERVICE EXPENSES 16,642. MANAGEMENT AND GENERAL EXPENSES 4,179. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,821. FORM 990, PART XI, LINE 9: PERS EQUIVALENT TRUST - DEFERRED COMP LIABILITY ADJUSTMENT 317,518. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE OVERSEES THE BUDGET AND SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART I, LINE 4 & PART VII - INDEPENDENT OFFICERS AND DIRECTORS ALL OF THE MEMBERS OF THE GOVERNING BODY ARE INDEPENDENT. THERE ARE 16 VOTING MEMBERS AT ONE TIME DUE TO BOARD ROTATION. THERE ARE MORE BOARD MEMBERS LISTED IN THE FORM 990, SCHEDULE J DUE TO THE FACT THAT BOARD MEMBERSHIP FLUCTUATES ON A CALENDAR YEAR, NOT IN A FISCAL YEAR BASIS. DEFERRED COMPENSATION PLAN THE ORGANIZATION ESTABLISHED A DEFERRED COMPENSATION PLAN IN THE FORM OF A TRUST FUND TO PROVIDE "PERS-EQUIVALENT" BENEFITS FOR FORMER AND EXISTING EMPLOYEES HIRED PRIOR TO JUNE 30, 2012. THE FOLLOWING TRANSACTIONS AND INFORMATION OCCURED DURING THE YEAR: DEFERRED COMPENSATION TRUST ASSETS BEGINNING OF YEAR $5,639,428 SPECIAL ASSESSMENT 4,450 EARNINGS 150,414 REALIZED LOSS (44,647) UNREALIZED NET GAIN 202,235 BENEFIT PAYMENTS (411,016) MANAGEMENT/CONTRACT FEES (28,069) DEFERRED COMPENSATION TRUST ASSETS END OF YEAR $5,512,795 DETAILS: ASSETS: BROKERAGE ACCOUNT 5,518,644 CHECKING ACCOUNT 39,283 TOTAL ASSETS $5,557,927 LIABILITIES: RETIREMENT PAYABLES 36,656 CALPERS PAYABLE 8,476 TOTAL LIABILITIES $45,132 DEFERRED COMPENSATION TRUST ASSETS END OF YEAR $5,512,795