According to theses documents the SBCERS fund value grew from a total of 586.7 million on 12/31/95 to 1.23 billion on 12/31/99 or in just 4 quick years.

Now I must have struck on some kind of nerve at our local county government level with my research into personal property tax issues. Since my personal issues grew into me researching the County assessor office well guess what happen to me? I just received a new bill from Bernice James our Santa Barbara tax collector. This bill now has an additional 4000.00 dollars in penalty's and fines to my past debt due(2500) from my time on probation. Let me tell you folks something you have to try harder than that if you plan on intimidating me because I am not going to back down on any of my research!

Now in my 12/31/10 posting I put three Santa Barbara County reports on my blog and emailed them to you all. Below I have taken the main data I was hoping you would pull out of these reports on there own. As we all know I have had past concerns with the fact that 16 California Counties averaged 14.84% investment returns per year for the span of 1995-1999, wow that more than doubles any pension fund balance from its previous 50 years efforts.

Well as it has turned out many times before even with my great detail to research there is ton of contradicting information out there. Based on these 3 reports I am referring to in today's posting the SBCERS Pension fund more than doubled and did so in just 4 years! According to these documents the SBCERS fund value grew from a total of 586.7 million on 12/31/95 to 1.23 billion on 12/31/99 or in just 4 quick years. In fact in a grand jury report listed below the Grand Jury had a rough value exceeding 800 million and reported in excess of 1 billion dollars. So even the Santa Barbara County Grand Jury could not pin point the exact value of the SBCERS Pension Fund.



I leave you with this as to why the pension fund and it's effects on our residents must be exposed. I spoke with a local Law Enforcement officer yesterday at coffee and he shared this with me. That for 1 police officer opening in a small county office there were over 168 applicants. Now we are not just talking about new persons to the field oh no. We are are talking about 5 10 and 15 years seasoned officers. Now move that over to a teachers position, now the county social services office. You see these budget deficits from every California County must be resolved as well as the alleged crime of fraud in regards to the unfunded future liability of all our California county pension funds.



Below is the posting location from 12/31/10

http://santabarbaracriminalcourtcorruption.blogspot.com/2010/12/123195-sbcers-pension-fund-value.html

Friday, December 31, 2010

12/31/95 SBCERS pension fund value History









http://www.sbcgj.org/96-97/Audit.html

AUDIT AND FINANCE

Santa Barbara County Pension Plans

December 31,1995 the date of the most recent actuarial valuation, net assets (at cost) available for benefits were $586.7 million











http://www.sbcgj.org/97-98/TCOUNTYRETIREMENTSYSYTEM1998.html

1997-1998 SANTA BARBARA COUNTY GRAND JURY











FINAL REPORT









COUNTY RETIREMENT SYSTEM 1998



Released June 8, 1998





FINDINGS





The assets of the retirement system currently exceed $800 million. It is reported to be in excess of $1 billion.















http://www.sbcgj.org/2000/l_audit.htm







AUDIT AND FINANCE

INTRODUCTION



Section II

SANTA BARBARA COUNTY EMPLOYEES’ RETIREMENT SYSTEM



INTRODUCTION

As of December 31, 1999, SBCERS assets were approximately $1.23 billion.













Below is an oldposting from last october.





I have uploaded the Bond 1,2 and 3 at the blog below for easy down loading. Unfortunately you can not down load the data from this blog

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 08/30/2007 2011 to 2030



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 03/01/1994 1995 to 2011



SANTA BARBARA CNTY CALIF CTFS PARTN 06/01/1997 1997 to 2006



SANTA BARBARA CNTY CALIF CTFS PARTN 12/01/2001 2002 to 2021



SANTA BARBARA CNTY CALIF CTFS PARTN 03/01/2004 2005 to 2024



SANTA BARBARA CNTY CALIF CTFS PARTN 01/29/2004 2005 to 2011



SANTA BARBARA CNTY CALIF CTFS PARTN 04/21/2005 2006 to 2025



SANTA BARBARA CNTY CALIF CTFS PARTN 04/24/2007 2011 to 2037



SANTA BARBARA CNTY CALIF CTFS PARTN 02/15/1991 1992 to 2011



SANTA BARBARA CNTY CALIF CTFS PARTN 09/01/1990 1992 to 2011



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 10/25/2006 2009 to 2010



SANTA BARBARA CNTY CALIF NEW PUB HSG AUTH 12/01/1966 1997 to 2007



SANTA BARBARA CNTY CALIF RETIREMENT FAC REV CTFS PARTN