I dedicate this to Virginia's Mom., her husband Pancho, their Families and Friends and all their guest from the City of Santa Barbara and Beyond.
I just heard that Virginia (Ramirez) Limon has left us this past weekend. Please let me know if there is anything I can do to help with for her services. Will there be Mariachi's at her service's? I would be more than Happy to help Virginia hear Mariachi's one more time before she enters Heaven. A gift the Ramirez Family has given all of Santa Barbara for years. The Ramirez Fiesta party might start off with Pasqual Gamboa singing or the Orphans Mariachi from Mexico or a Mariachi group brought in by the family from all over California. Lets not forget the Azteca dancers that the family had entertain us for more years than I can count.
Of course I better not forget the endless Margarita's and Tequila shots and their incredible Tri Tip BBQ feast at every party.
Virginia's passing lets me know that God and Heaven must be short handed and in need of Angel's. God must of had no choice but to reach out and take her from us far to soon. When ever my exwife and I would come home for Fiesta's we always knew a good time would be had at the Ramirez Fiesta party, or her birthday celebrations. Some times I would not even come home for Fiesta's if there was no Ramirez party. I always looked forward to seeing Pancho in his Vestido de Charo, Virgina and her mother in there beautiful gowns and our friends like Ernie & Rita, Martin & Nellie , Michael & Hank just every one.
God has a new Angel to help him put on the best celebrations Heaven has ever seen.
Rest in Piece my Sweet Angel
Love
Larry Mendoza
Anyone can reach me here or sb_magic@hotmail.com or call me at 8056362302 if there is anything I can do.
S.B.C.C.C. The place where COMMON SENSE never goes out of style!
Tuesday, March 19, 2013
Tuesday, January 29, 2013
Dear Querido Amigos y Amigas de Movimiento Educativo y Nuevas Amistades de Luis Leal:
Dear Querido Amigos y Amigas de Movimiento Educativo y Nuevas Amistades de Luis Leal:
En celebracion y recuerdos de un gran cuentista Mexicano de Don Luis Leal...que en paz descanse 09/17/1907  01/25/2010 buried at Goleta Cemetery District 02/01/2010.
Luis Leal publico en 1959 de "EL “DON JUAN” DE MARCO PRAGA" y salio de University of Illinois! Y transmito eso como forma de "un Chicano Kindle" por su uso y ojos para leer. Reprinted from Italica, Vol. XXXVI, No. 3, September 1959.
Numero de Call Number en UCSB Davidson Library  La Coleccion Tloque Nahuaque es PQ4835 R3 B434 1959.
Tengan un lindo dia y una semana de recuerdos de Luis Leal...
In servico de la cuna ,
de "El Plan de Santa Barbara – A Chicana/o Plan for Higher Education"
estudiantil.
Cruzito Herrera Cruz
Tuesday, January 22, 2013
20YRS. 19882007, 20YRS 19892008 & 19882011 24 YEARS OF SANTA BARBARA COUNTY'S ECONOMIC ASSUMPTIONS v. ACTUAL (SBCERS) PENSION FUND PERFORMANCE 19882007
Take a look at the Pension Growth graph below and how it represents the 8.16% Actuarial Rate nice and smooth. The reason I like the graph so much is because it is simple. It is just a smooth growth that does not care about assumption or Inflation factors. It all actuality that 8.16% is the all inclusive number, so why are the pension audits an the explanations that people give about them always trying to lose us with additional numbers and factors?
Look at the 20 Net Return on Assets picture above to the right that shows a annual 10.10% return on investments. If that data was added to the graph on the left the line representing 10.10% it would show that 600 million dollars more was earned for the pension than the 8.16%. Then if you add some more money because of the unfunded future pension obligations (UAAL) like I did the pension should have earned a billion dollars more than the 8.16% would have. I have made my own work sheet showing the differences between Santa Barbara County's Pension Assumptions and the SBCERS Pensions Actual Performances.
I have two other work sheets showing assumptions v. actual earned return average. 19892008 9.6% represents the 20 YEAR NET RETURN ON ASSETS and 19882011 8.5% represents 24 YEARS of NET RETURN ON ASSETS both sheets can be found further down this posting.
America how are our pensions earning more than they wanted (8.16%), contributing more than the normal rate( 4.02%) of County's yearly payroll for the entire 20 year period 19882007 and claim to have a Billion dollar unfunded deficit? I have just done the math that shows a Billion dollar surplus would have been earned, look at the graph below. WAKE UP AMERICA!
The other work sheets 9.6% represents the 20 YEAR NET RETURN ON ASSETS 19892008
20 YEARS OF SANTA BARBARA COUNTY'S ECONOMIC ASSUMPTIONS
19882011 8.5% represents 24 YEARS of NET RETURN ON ASSETS
S.B.C.C.C. The place where COMMON SENSE never goes out of style!
Look at the 20 Net Return on Assets picture above to the right that shows a annual 10.10% return on investments. If that data was added to the graph on the left the line representing 10.10% it would show that 600 million dollars more was earned for the pension than the 8.16%. Then if you add some more money because of the unfunded future pension obligations (UAAL) like I did the pension should have earned a billion dollars more than the 8.16% would have. I have made my own work sheet showing the differences between Santa Barbara County's Pension Assumptions and the SBCERS Pensions Actual Performances.
Now I included three graphs that I made this weekend. In all three examples the Red line is the desired or assumption rate growth the County desired, nice and smooth. But you have to remember if this benchmark is met the pension should then be properly funded depending on the beginning funding level.
The Pink line represents the actual net return on assets earned by the pension which was greater than the desired rate (Red) in all three graphs.
The third Blue line takes into account that the County has represented additional contributions were required because of a constant unfunded future pension obligations (UAAL). By averaging the yearly additional contributions made because of the pension deficit then dividing that number by 12. You get a monthly deposit amount in addition to the multiplied rate 10.10% multiplied by the number of years (20) in a given period. Now in order to show how the monthly deposits affect the funds growth above the actual return rate I added the two factors together. So for example the chart below looks like this starting value of $270,540,000 but adding a monthly for 20 years (H) deposit of 580,000 X 10.10% this would be equal to an ending value of $2.37 billion dollars. Or another way to show this would be 270,540,000 X 11.16% (10.10 plus the effect of the additional contributions)(E) X 20 years is equal the same $2.37 billion dollars.
Regardless of how complicated and confusing my explanation is the bottom line is this. In each graph below the pension funds value ( Pink or Blue) is always greater than the assumption (Red) rate by as much as a billion dollars. You cannot earn more than you wanted, contribute more than you had too, and have your Inflation factor below what you anticipated and have any type of deficit, it is mathematically impossible. So I hope you can understand why I have been working so hard on challenging what the real status of the SBCERS pension fund should be.
I have two other work sheets showing assumptions v. actual earned return average. 19892008 9.6% represents the 20 YEAR NET RETURN ON ASSETS and 19882011 8.5% represents 24 YEARS of NET RETURN ON ASSETS both sheets can be found further down this posting.
20 YEARS OF SANTA BARBARA COUNTY'S ECONOMIC
ASSUMPTIONS
v. ACTUAL (SBCERS) PENSION FUND
PERFORMANCE 19882007

1Using
assumption factor; $270,540,000 X 8.15%
(A) X
20 years = $ 1.34 billion
dollars.
2 Using
Actual Performance Factor; $270,540,000 X 10.10% (E.) X 20 years = $1.94 billion
dollars,
3Same as
example 2 plus a monthly deposit; Again a starting value of $270,540,000
but adding a
monthly (H) deposit of 580,000
X 10.10% which is to earning 11.16% (E) X 20 years = $2.37 billion dollars.
The other work sheets 9.6% represents the 20 YEAR NET RETURN ON ASSETS 19892008
20 YEARS OF SANTA BARBARA COUNTY'S ECONOMIC ASSUMPTIONS
v. ACTUAL (SBCERS) PENSION FUND PERFORMANCE 19892008

1Using
assumption factor; $293,038,000 X 8.10%
(A) X
20 years = $ 1.44 billion
dollars.
2 Using
Actual Performance Factor; $293,038,000 X 9.60% (E.) X 20 years = $1.91 billion
dollars,
3Same as
example 2 plus a monthly deposit; Again a starting value of $270,540,000
but adding a
monthly (H) deposit of 666,000
X 9.60% which is equal to earning 10.75% (E) X 20 years = $2.38 billion dollars.
See the graph below
See the graph below
19882011 8.5% represents 24 YEARS of NET RETURN ON ASSETS
SBCERS 24 YEARS of ECONOMIC
ASSUMPTIONS
v. ACTUAL PENSION FUND
PERFORMANCE 19882011

1Using
Assumption Factor; $270,540,000 X 8.10%
(A) X
24 years = $ 1.82 Billion dollars.
2 Using
Actual Performance Factor; $270,540,000 X 8.50% (E.) X 24 years = $1.99 Billion dollars,
3Same as
example 2 plus a monthly deposit; Again a starting value of $270,540,000
but adding a
monthly (F) deposit of 1,008,000
X 8.50% which is equal to earning 9.79% (E) X 24 years = $2.68 Billion dollars.
See the graph below
See the graph below
S.B.C.C.C. The place where COMMON SENSE never goes out of style!
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