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P E R A L T A C O M M U N I T Y C O L L E G E D I S T R I C T 2011 Taxable Revenue Bonds - Investor Presentation 2011 Taxable Revenue Bonds Investor Presentation October 10, 2011 C O N F I D E N T I A L A N D P R I V A T E S T R I C T L Y

  1. P E R A L T A C O M M U N I T Y C O L L E G E D I S T R I C T 2011 Taxable Revenue Bonds - Investor Presentation 2011 Taxable Revenue Bonds Investor Presentation October 10, 2011 C O N F I D E N T I A L A N D P R I V A T E S T R I C T L Y

  2. This electronic Investor Presentation you are about to view is provided as of October 10, 2011 for a proposed offering by the y p , p p g y Peralta Community College District (the “District”) of its 2011 Taxable Refunding Bonds (the “Bonds”). If you are viewing this presentation after October 10, 2011, there may have been events that occurred subsequent to such date that would have a material adverse effect on the financial information that is presented herein, and neither the District nor J.P. Morgan Securities LLC (“J.P. Morgan”), as the Underwriter, has undertaken any obligation to update this electronic presentation. All market prices, financial presentation prices, data and other information provided herein are not warranted as to completeness or accuracy and are subject to change without notice. This Investor Presentation is provided for your information and convenience only. Any investment decisions regarding the Bonds should only be made after a careful review of the complete Preliminary Official Statement, dated October 10, 2011. By accessing this presentation, you agree not to duplicate, copy, download, screen capture, electronically store or record this Investor Presentation, nor to produce, publish or distribute this Investor Presentation in any form whatsoever. In no event shall the Underwriter or the District be liable for any use by any party of, for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by you in evaluating the merits of participating in any transaction mentioned herein. The Underwriter makes no representations as to the legal, tax, credit or accounting treatment of any transactions mentioned herein, or C T any other effects such transactions may have on you and your affiliates or any other parties to such transactions and their y y y y y p D I S T R I respective affiliates. You should consult with your own advisors as to such matters and the consequences of the purchase and ownership of the Bonds. Nothing in these materials constitutes a commitment by the Underwriter or any of their affiliates to enter into any transaction. No assurance can be given that any transaction mentioned herein could in fact be executed. Past O L L E G E performance is not indicative of future returns, which will vary. Transactions involving the Bonds may not be suitable for all investors. You should consult with your own advisors as to the suitability of the Bonds for your particular circumstances. Clients C O should contact their salesperson at, and execute transactions through, an entity of the Underwriter or other syndicate member C O M M U N I T Y entity qualified in their home jurisdiction unless governing law permits otherwise. This Investor Presentation does not constitute a recommendation or an offer or solicitation for the purchase or sale of any security or other financial instrument, including the Bonds, or the adoption of any investment strategy. Any offer or solicitation with respect to the Bonds will be made solely by means of the Preliminary Official Statement and Official Statement, which describe the actual P E R A L T A terms of such Bonds.

  3. Transaction Overview Transaction Overview Bond Structure* Estimated Par Amount: Estimated Par Amount: $53 855 000 $53,855,000 Structure: Fixed rate taxable bonds maturing from August 1, 2013 to August 1, 2031 Tax Status: Federally Taxable, California State Tax-Exempt Confirmed Ratings: Moody's: A1 / S&P: A+ (Negative) Redemption Provisions: Make whole call provision R d ti P i i M k h l ll i i  The District is obligated to satisfy its obligations under all of its OPEB Bond obligations, including the Security: Series 2011 Bonds from any money lawfully available in any fund of the District, including its General Fund Use of Proceeds: Use of Proceeds: To (i) refund the outstanding principal amount of the 2009 Taxable Other Post Employment Benefit To (i) refund the outstanding principal amount of the 2009 Taxable Other Post-Employment Benefit (OPEB) Refunding Bonds to create a smoother ascending aggregate debt service structure; and (ii) pay the costs of issuance of the Series 2011 Bonds. Sole Manager: J.P. Morgan C T D I S T R I Pricing Schedule* Price Guidance / Indications of Interest: Monday, October 17 O L L E G E Pricing Date & Signing of the BPA: Tuesday, October 18 Closing Date: Closing Date: Friday October 28 Friday, October 28 C O *Preliminary, subject to change C O M M U N I T Y P E R A L T A 1

  4. Presentation Participants Presentation Participants P Peralta Community College District lt C it C ll Di t i t Ron Gerhard Ron Gerhard Vice Chancellor for Finance & Administration Mr Gerhard joined the Peralta Community College Mr. Gerhard joined the Peralta Community College District in 2010. Previously, Mr. Gerhard served as Chief Business C T Officer at Compton Community College District and as Officer at Compton Community College District and as D I S T R I Business Manager and Internal Auditor at San Bernardino Community College District. O L L E G E Mr. Gerhard is a CPA and also holds an MBA from C O University of California – Riverside. C O M M U N I T Y P E R A L T A 2

  5. Overview of the Peralta Community College District Overview of the Peralta Community College District  Founded in 1964, the Peralta Community Peralta Community College District College District (the “District”) serves six College District (the District ) serves six cities in the East Bay including Albany, Alameda, Berkeley, Emeryville, Oakland and Piedmont  Operates 4 two-year community colleges: Berkeley City College, College of Alameda, and Laney and Merritt Colleges in Oakland  Serves approximately 18,500 Full-Time Equivalent Students (including credit and noncredit FTES) for FY2011-12 C T  Maintains about 850 full-time employees M i t i b t 850 f ll ti l D I S T R I and over 1,250 part-time faculty and staff O L L E G E C O C O M M U N I T Y P E R A L T A 3

  6. Local Community at a Glance Local Community at a Glance  Geography : The District is located in the very large San Francisco Bay Area tax base base  Economy : A large residential and commercial base exists in the District. The vast majority of secured parcels are residential properties, with a significant commercial and industrial base in Oakland and Berkeley  Transportation : Local residents commute to jobs throughout the San Francisco Bay Area. The District is connected to the region by Bay Area Rapid Transportation, AC Transit and Interstates 13, 24, 80, 580 and 880. Also contained within the District are the Oakland International Airport and Port of Oakland C T D I S T R I O L L E G E C O C O M M U N I T Y P E R A L T A 4

  7. Agenda Agenda Page The District’s Financial and Budget Overview The District’s Financial and Budget Overview 5 5 Overcoming Past Challenges 11 Summary of the District’s OPEB Program 16 Current Plan of Finance 22 C T D I S T R I O L L E G E C O C O M M U N I T Y P E R A L T A 5

  8. 2011 12 General Fund Revenue and Expenses 2011-12 General Fund Revenue and Expenses O V E R V I E W E T B U D G E A N D I A L F I N A N C R I C T ’ S Source: Peralta Community College District Source: Peralta Community College District. D I S T T H E 6

  9. Peralta Full Time Equivalent Students (FTES) Peralta Full Time Equivalent Students (FTES)  In response to reduced general apportionment payments from the State, the District narrowed the gap between Total FTES (students served) and Funded FTES Full-Time Equivalent Students (FTEs) 24,000 Total FTEs Funded FTEs Fiscal Total FTES Unfunded Year Year FTES FTES Funded Funded FTES FTES 23,000 2006 18,443 18,443 0 22,000 2007 2007 19,058 19 058 19,058 19 058 0 0 O V E R V I E W 21,000 0 2008 19,414 19,414 20,000 E T B U D G E 2009 20,359 19,805 554 19,000 A N D 3,150 (2) 2010 22,160 19,010 I A L 18,000 F I N A N C 2011 19,926 19,501 425 R I C T ’ S 17,000 2012 (1) 18,500 18,289 211 (1) 2007 2008 2009 2010 2011 2012 D I S T (1) Projected. (2) Due to the late adoption of the State Budget in FY 2010, the District was not able to adjust course offerings to reflect actual State funding levels. Source: Peralta Community College District. T H E 7

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