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<br />8e <br />Page 69 <br /> <br />The City's investments are rated by the nationally recognized statistical rating <br />organizations as follows: <br /> <br />Moody's <br /> <br />S&P <br /> <br />Fitch <br /> <br />Composite <br /> <br />US Agencies, Securities and Corporate Notes: <br />Citigroup - Corporate Notes <br />U.S. Treasury Notes <br />Federal Home loan Bank <br />Federal National Mortgage Association <br />External Poois: <br />State of California - Local Agency Investment Pool <br />County of San Mateo Investment Pool <br /> <br />Aa1 <br />AAA <br /> <br />Aaa <br />Aaa <br /> <br />AA- <br />AAA <br />AAA <br />AAA <br /> <br />AA+ <br />AA <br /> <br />AAA <br />AAA <br /> <br />AA <br /> <br />Not Rated <br />Not Rated <br /> <br />Not Rated <br />Not Rated <br /> <br />Not Rated <br />Not Rated <br /> <br />Not Rated <br />Not Rated <br /> <br />Only the Net Revenues of the Enterprise have been pledged to make Installment <br />Payments <br /> <br />labor Relations <br /> <br />In accordance with the Meyers-Milias-Brown Act, the City has adopted a resolution <br />which establishes the procedures for the administration of employer-employee relations. This <br />includes the procedure by which the City meets and confers with representatives of recognized <br />employee organizations (i.e. unions and associations) regarding matters within the scope of <br />representation, including wages, hours and other teens and conditions of employment within <br />the appropriate unit. <br /> <br />Certain City employees are represented by six unions. The unions, number of <br />employees represented by each union, and the expiration date of the union contract are shown <br />below. <br /> <br />______J~o. of E~2.!QY~~..? <br />55 <br />75 <br />15 <br /> <br />Contrac~ Expires ______ <br />12/31/2009 <br />08/31/2008 <br />08/31/2010 <br /> <br />International Association of Firefighters <br />Redwood City Police Officers Association <br />Redwood City Police Sergeants <br />Association <br />Service Employees International Union <br />Redwood City Management Employees <br />Association <br />Executive Management Summary of <br />Benefits <br /> <br />242 <br />92 <br /> <br />01/31/2008 <br />09/30/2009 <br /> <br />23 <br /> <br />Revised Feb 2005 <br /> <br />Additionally, City has 339 employees not represented by the above six unions. The total <br />number of employees is 841. <br /> <br />A-7 <br />