http://magicinsantabarbara.wordpress.com/2010/10/14/sbcers-pension-fund-and-bond-market-research-data-for-your-review/
← Yearly review of All California City, County an State Pension funds are available. SBCERS, CalPers, STRS, LACERS, OCERS, SCERS, UCRS, ACERA, CCCERA, KCERA, MCERA,
SBCERS Pension fund and Bond Market research data for your review
Posted on October 14, 2010 by magicinsantabarbara
We must be able to compare the SBCERS audits. with the State Controllers Data with the Municipal Bond market data if we want a true feel for just how much corruption exist! It is hard work and in order to make it easy for the average person to under stand I must break it down and present it to you, which is exactly what I plan on doing!
Larry " Magic" Mendoza
Below to review the California State Controllers Pension fund Audits@
1997- 2007, did you know the State of California kept track?
http://www.sco.ca.gov/ard_locrep_retirement.html
Below to search Santa Barbara County Bonds@
http://emma.msrb.org/Search/Search.aspxYou Searched For:
SBCERS home page below@
www.countyofsb.org/sbcers
Here is just a small sample of contradictions I am talking about.
Page 37 of one municipal bond shows as of December 31st in 1992 1990 and 1988
the SBCERS pension was funded 89.5% 83.0% 91.0%
Yet another source of data reflects a fund value of 64% as of 12/31/1990 with a value of 332 Million dollars and an obligation of 518 Million dollars. To add further confusion another bond report has the Pension obligation at 479 Million on 12/31/92 with assets of 429 Million. So a full 2 year difference between the two reports and and the Pension fund obligation has gone down? So I hope you can begin to understand the magnitude of corruption in regards to not only this County but I feel most California City and County Pension funds.
You may click on a file to review the Data from a Bond I have collected from Wall Street. There are four Municipal Bonds for your review. Or you can go to the web page were I collected the data from and review one of over 80 Mini Bonds. The reason the Municipal Bond Market is so important in Pension fund Fraud is because of the issuing Counties responsibility’s to potential investors. Here is an example of what I mean;
Could SEC target California for pension fraud? Caused (Because of fraud in Bond Market)
Date: 2010-10-09, 1:33AM PDT
Reply To This Post
Could SEC target California for pension fraud?
On Pension Reform
September 01, 2010|By Joe Nation
The Securities and Exchange Commission recently charged that the state of New Jersey “misrepresented and failed to disclose material information regarding its under-funding of pension plans” to buyers of state bonds. In their settlement with the SEC, New Jersey officials did not admit any wrongdoing, but they agreed to continue with efforts to enhance disclosure, including instituting formal, written policies and procedures to bond offerings.
The New Jersey case has some wondering: Could California be next?
California’s public-employee pension funds, CalPERS, CalSTRS, and the University of California Retirement System are clearly grossly underfunded. A recent Stanford study, on which I was the adviser, estimated the aggregate shortfall before the market decline at $425 billion, equal to about five California General Fund budgets. Professor Joshua Rau of Northwestern University estimates the California shortfall at $475 billion. Even the funds themselves acknowledge that they are underwater, although they argue that the aggregate problem is much less.
* Location: Because of fraud in Bond Market
* it’s NOT ok to contact this poster with services or other commercial interests
PostingID: 1996853103
As time permits I will compare all of the reports I can for contradictions in the up coming weeks. Yes and no this is very complicated but it is what must be done to recoup our hard earn and wasted tax dollars.
Larry ” Magic” Mendoza
91-92 27 Million Tax & Revenue Anticipation Note (Bond 1)located for your review @
http://emma.msrb.org/IssueView/IssueDetails.aspx?id=MS257731
CUSIP # 801320AB8 Official Statement posted 06/17/1993 located in box half way down far right side of web page.
Bond 1 91-92 SBCounty
1994-1995 54 Million Tax & Revenue Anticipation Note (2) for your review @
http://emma.msrb.org/IssueView/IssueDetails.aspx?id=MS277772
Official Statement posted 06/28/2004 located in the box half way down the far right side of web page.
Bond 2 SB COUNTY
1989bond#3
http://emma.msrb.org/Search/Search.aspxYou Searched For:
Modify Your Search
Understanding your search results
CUSIP-6/Issuer Name/State searches return issuer-level results; Issue Description/Date of Issuance searches return issue-level results; Maturity Date/ Interest Rate return security-level results.
Displaying 1 – 80 of 80 records.
Issuer Name * Issue Description * Dated Date Maturity Dates
COLLEGE ELEMENTARY SCHOOL DISTRICT COUNTY OF SANTA BARBARA CALIFORNIA GENERAL OBLIGATION BONDS ELECTIONS OF 2004, SERIES 2009 07/09/2009 Unavailable
COLLEGE ELEMENTARY SCHOOL DISTRICT COUNTY OF SANTA BARBARA CALIFORNIA GENERAL OBLIGATION BONDS ELECTIONS OF 2004, SERIES 2009 07/21/2009 2010 to 2039
COUNTY OF SANTA BARBARA 2010 CERTIFICATES OF PARTICIPATION SERIES A-1 06/10/2010 2011 to 2019
COUNTY OF SANTA BARBARA 2010 CERTIFICATES OF PARTICIPATION TAXABLE SERIES A-2 (RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS) 06/10/2010 2029 to 2040
COUNTY OF SANTA BARBARA, CALIFORNIA 2009-2010 TAX AND REVENUE ANTICIPATION NOTES SERIES A 07/01/2009 06/30/2010
COUNTY OF SANTA BARBARA, CALIFORNIA 2010-2011 TAX AND REVENUE ANTICIPATION NOTES SERIES A 07/01/2010 06/30/2011
HOPE ELEMENTARY SCHOOL DISTRICT (SANTA BARBARA COUNTY, CALIFORNIA) GENERAL OBLIGATION BONDS, ELECTION OF 2010 SERIES 2010 A What does this mean? 09/22/2010 2019 to 2040
LAGUNA CNTY CALIF SANTN DIST CTFS PARTN SANTA BARBARA CNTY FIN CORP 12/01/1986 1987 to 2006
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS 09/26/1990 10/25/1991
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS 07/14/1992 Unavailable
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS 07/06/1995 07/05/1996
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS 07/01/1998 10/01/1999
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS SER A 07/01/1996 10/01/1997
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/1993 07/31/1994
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/1994 07/31/1995
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/1997 10/01/1998
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/1999 09/29/2000
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/03/2000 10/02/2001
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/02/2001 08/01/2002
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/02/2002 07/25/2003
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/2003 07/23/2004
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/2004 07/26/2005
SANTA BARBARA CNTY CALIF TAX & REV ANTIC NTS-SER A 07/01/2005 07/25/2006
SANTA BARBARA CNTY CALIF TAX & REV ATNIC NTS-SER A 07/01/1991 07/31/1992
SANTA BARBARA CNTY CALIF COLLEGE ELEM SCH DIST CAP APPREC 12/21/2004 2026 to 2029
SANTA BARBARA CNTY CALIF COLLEGE ELEM SCH DIST CAP APPREC-ELECTION 2004-SER B 05/10/2006 2008 to 2031
SANTA BARBARA CNTY CALIF COLLEGE ELEM SCH DIST ELECTION 2004 12/21/2004 2006 to 2025
SANTA BARBARA CNTY CALIF COLLEGE ELEM SCH DIST ELECTION 2004-SER B 05/10/2006 02/01/2031
SANTA BARBARA CNTY CALIF COLLEGE ELEM SCH DIST ELECTION 2004-SER B 05/04/2006 2007 to 2030
SANTA BARBARA CNTY CALIF COLLEGE ELEM SCH DIST CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN BLDG-SER 1983 07/01/1983 1985 to 1998
SANTA BARBARA CNTY CALIF CTFS PARTN CAP IMPT 10/01/1989 1990 to 2004
SANTA BARBARA CNTY CALIF CTFS PARTN CAP IMPT-SER 1987 04/01/1987 1988 to 2007
SANTA BARBARA CNTY CALIF CTFS PARTN CAP IMPT-SER 1988 11/01/1988 1991 to 2010
SANTA BARBARA CNTY CALIF CTFS PARTN CNTY CAP PROJ 09/01/1990 Unavailable
SANTA BARBARA CNTY CALIF CTFS PARTN MBIA-IBC 09/01/1990 2007 to 2011
SANTA BARBARA CNTY CALIF CTFS PARTN REF 02/01/1998 1999 to 2011
SANTA BARBARA CNTY CALIF CTFS PARTN SER A-1 06/26/2008 2011 to 2028
SANTA BARBARA CNTY CALIF CTFS PARTN SER A-2 06/26/2008 2008 to 2023
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF CTFS PARTN
SANTA BARBARA CNTY CALIF IMPT BD ACT 1915 ASSMT DIST 1993-1-S A ESTATES 07/06/1994 1995 to 2009
SANTA BARBARA CNTY CALIF IMPT BD ACT 1915 ASSMT DIST NO 1984-1 03/17/1985 1986 to 2005
SANTA BARBARA CNTY CALIF IMPT BD ACT 1915 FEDERALLY TAXABLE-ST TAX-EXEMPT-LTD OBLIG IMPT 08/01/1992 1993 to 2017
SANTA BARBARA CNTY CALIF LOC TRANSN AUTH SALES TAX REV LTD TAX 11/01/1993 1996 to 2010
SANTA BARBARA CNTY CALIF LOC TRANSN AUTH SALES TAX REV REF 09/24/2003 2004 to 2010
SANTA BARBARA CNTY CALIF LOC TRANSN AUTH SALES TAX REV
SANTA BARBARA CNTY CALIF NEW PUB HSG AUTH
SANTA BARBARA CNTY CALIF RETIREMENT FAC REV CTFS PARTN
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