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FY 2001 Third Quarter Investment Report
i _i • �/orvrotsa�eyt .�e/iaat 7lGrd 2�rtirtar �caeaeZlea� 2000- 2001 • 1 INVESTMENT COMMITTEE MEETING August 30, 2001 • Compliance Summary-Legislative Requirements * Third Quarter Review, Fiscal Year 2001 Portfolio Summary Collateral Review Interest Income Projection * Economic Outlook * Appendices Appendix A- Investment Portfolio by Type of Asset Appendix B- Investment Portfolio by Fund Appendix C- Investment Purchases Appendix D- Investment Maturities Appendix E- Investment Maturities by Fund June 30, 2001 * General Discussion or Questions l To Investment Committee Members From Vicki Rodriquez, Budget and Treasury Manager Date August 30, 2001 Subject Third Quarter Investment Report The City of Euless Investment Policy, adopted by the City Council in January 2001, requires that the City Council and City Manager receive quarterly and annual reports of investment performance. The purpose of this report is to provide a means for Council members and staff to regularly review and monitor the City's investment performance. Attached is the City's pooled funds portfolio for the third quarter of Fiscal Year 2000-2001 and information for all funds for the same period. The City's investment policy provides the general framework for the investment of City funds. The policy emphasizes the City's objective of safety, liquidity, and yield, in that order. The investment policy complies with the Public Funds Investment Act effective September 1, 1999 in all aspects including reporting. The third quarter report of FY 2001 is presented in a format that has been outlined in the investment policy. This report is for all funds and shows the market value at 3/31/01, changes in market value, the market value at 6/30/01, and the book value, market value, and maturity date for each investment. As required, the report indicates compliance with the adopted investment strategies, and is signed by each investment officer of the City as designated by the Investment policy. ' Investment Strategy Compliance The strategy for all pooled funds is to assure that cash flows are matched with projected needs and assume adequate liquidity and safety. This has been accomplished by purchasing high quality securities in a laddered structure and by utilizing an investment pool (See Appendix E). The following purposes are also considered when investing; -Operating Funds may purchase high quality short-to medium-term securities with a weighted average maturity of 60 to 90 days. These funds include: 101 General Fund 510 Drainage Utility 201 Hotel-Motel Tax Fund 520 Recreation Classes Fund 210 1/2 Cent Sales Tax-Operations 521 Arbor Daze Fund 220 Crime Control & Prevention District 530 Softball World-Operations 230 Police Drug - DEA Awards 540 Golf Course Operations 231 Police Drug -State Awards 550 Athletic Complex operations 232 Ft. Worth DEA Task Force 601 Equipment Replacement Fund 233 LLEBG 99/00 610 Health Insurance Fund 240 Car Rental Tax Fund 615 Risk Management Fund 501 Water&Sewer Fund -Funds for Capital Improvement Projects(CIP)and Special Purposes may purchase securities which allow for flexibility and unanticipated project outlays by having a portion of their investments in highly liquid securities(See Appendix E). The stated final maturity dates of the securities should not exceed the estimated project completion date. These funds include: 301 Developer's Escrow Fund 502 Water& Sewer-CIP 305 Streets & Drainage-CIP 505 Water Impact Fees Fund 310 1/2 Cent Sales Tax-CIP 508 Wastewater Impact Fees Fund 320 General Capital Projects Fund 511 Drainage CIP 325 Police Facility Construction Fund 541 Golf Course CIP 330 Car Rental CIP 552 Athletic Complex CIP-Phase II -Debt Service Funds should assure adequate liquidity to cover the debt service obligation on the required payment date. These funds include: 401 Debt Service/General Obligation 506 Water/Sewer Debt Service 402 Star Center Debt Service 531 Softball World Debt Service 410 1/2 Cent Sales Tax-Debt Service -Emergency, Contingency, and Debt Service Reserve funds will have the ability to generate a dependable revenue stream to the appropriate fund. The stated final maturity dates of securities should not exceed five years (See Appendix E). These funds include: 102 General Fund-Emergency 507 Water&Sewer-Emergency Fund 103 General Fund-Contingency 705 Star Center Bond Reserve 211 1/2 Cent Sales Tax-Bond Reserve Based on the above strategies, the investment portfolio reported herein is in compliance with the relevant provisions of the investment policy and the Public Funds Investment Act. Loretta Getchell Director of Fis nd Administrative Services Vicki Rodriquez Finance Administrator Summary of Investments by Fund The following is a summary of investments held by each fund at March 31,2001 and June 30,2001. The changes include all investment purchases,maturities and expenses that occurred during the third quarter of FY2001. Investment Securities Investment Securities Increase/ at Market Value at Market Value Decrease 03/31/01 06/30/01 In Fund 101 8,054,413.46 8,785,579.09 731,165.63 Franchise receipts 102 500,156.25 500,156.25 0.00 103 500,156.25 500,156.25 0.00 201 97,404.63 204,875.35 107,470.72 Occupancy Taxes 210 633,732.65 740,865.87 107,133.22 Sales Tax receipts 211 996,816.85 1,008,288.44 11,471.59 Interest Earnings 220 321,563.99 386,472.33 64,908.34 Sales Tax receipts 230 536,593.54 573,686.66 37,093.12 231 13,271.44 13,424.17 152.73 232 81,453.91 30,685.71 (50,768.20) Outlay Participants Share 233 64,761.61 65,506.90 745.29 240 4,936,288.60 6,168,266.60 1,231,978.00 Car Rental Receipts 301 1,216,265.85 1,323,136.26 106,870.41 Escrow funds 305 4,004,914.45 13,872,674.26 9,867,759.81 Bond Proceeds 310 798,776.98 777,535.75 (21,241.23) Capital Outlay 320 21,531.71 21,777.04 245.33 325 5,758,372.60 3,998,988.97 (1,759,383.63) Capital Outlay 330 0.00 1,633,837.04 1,633,837.04 Bond Proceeds 401 632,780.36 725,327.47 92,547.11 Interest on Bonds 402 130,911.33 376,476.28 245,564.95 Lease Payments 501 7,595,676.80 7,039,735.84 (555,940.96) TRA Water payments 502 3,221,212.39 3,096,266.79 (124,945.60) Capital Outlay 505 1,369,405.69 1,275,556.08 (93,849.61) Capital Outlay 507 501,328.13 501,093.75 (234.38) 508 952,150.16 460,964.22 (491,185.94) TRA sewer payments 510 684,485.18 836,024.12 151,538.94 Drainage receipts 511 266,986.23 320,493.07 53,506.84 520 105,355.88 146,915.79 41,559.91 Recreation receipts 521 104,281.92 231,761.99 127,480.07 Arbor Daze receipts 530 357,947.80 396,991.42 39,043.62 Operating revenues 540 100,132.81 100,351.56 218.75 541 0.00 1,254,178.85 1,254,178.85 Transfer/Slope Protection 550 0.00 40,284.88 40,284.88 Operating revenues 552 60,776.80 51,361.15 (9,415.65) 601 620,184.75 688,367.14 68,182.39 Excess Fund Balance 610 310,808.40 364,114.22 53,305.82 Excess Fund Balance 615 557,719.18 588,915.29 31,196.11 Excess Fund Balance 705 2,056,786.33 2,080,221.26 23,434.93 Interest TOTAL: 48,165,404.91 61,181,314.11 13,015,909.20 Fund Names 101 General Fund 402 Star Center Debt Service 102 General Fund-Emergency 501 Water&Sewer Fund 103 General Fund-Contingency 502 Water&Sewer-CIP 201 Hotel-Motel Tax Fund 505 Water Impact Fees Fund 210 1/2 Cent Sales Tax-Operations Fund 507 Water&Sewer-Emergency Fund 211 1/2 Cent Sales Tax-Debt reserve 508 Wastewater Impact Fees Fund 220 Crime Control&Prevention District 510 Drainage Utility 230 Police Drug-DEA Awards 511 Drainage-CIP 231 Police Drug-State Awards 520 Recreation Classes Fund 232 Ft.Worth DEA Task Force 521 Arbor Daze Fund 233 LLEBG 99/00 530 Softball World Operations 240 Car Rental Tax Fund 540 Golf Course Operations 301 Developer's Escrow Fund 541 Golf Course CIP 305 Streets&Drainage-CIP 550 Parks @ Texas Star 310 1/2 Cent Sales Tax-CIP 552 Athletic Complex Phase II-CIP 320 General Capital Projects Fund 601 Equipment Replacement Fund 325 Police Facility Construction Fund 610 Health Insurance Fund 330 Car Rental CIP Fund 615 Risk Management Fund 401 Debt Service/General Obligation 705 Star Center Reserve Fund PORTFOLIO SUMMARY The City's pooled investment portfolio at the end of the third quarter, June 30, 2001, is summarized by instrument and by maturity as shown below. 10 Distribution by Instrument Average %of Average Yield Instrument Type $COST Portfolio Yield Last Qtr Agencies 32,649,062 53.46% 5.96% 6.58% Money Markets/Pools 28,422,104 46.54% 5.46% 6.54% Certificates of Deposit 5.000 0.01% 5.50% 5.50% $61,076,165 100.00% This table shows that the majority of City funds,approximately 53%are invested government agency securities which provide a high level of safety. An additional 47%of our funds are invested in local government investment pools and money market funds, which not only provide a high level of safety but also provide daily liquidity. As of the date of this report,the yield on these investments ranged from 4.88%to 7.07%. Distribution by Maturity #of Days Cost %of Portfolio 1 -30 $30,807,681 50.44% 31 -90 $7,692,131 12.59% 91 - 180 $5,125,118 8.39% 181-365 $7,683,506 12.58% Over 365 $9.767,730 15.99% Total $61,076,165 100.00% This information reflects the current structure and strategy of the City's pooled portfolio. Approximately 71%of the portfolio is invested within the six month area. This strategy was followed, not only to meet cashflow needs for Operations and Capital Projects,but also because this time frame provided competitive yields for the securities available at the time of purchase. Some funds were placed out further on the yield curve in order to take advantage of higher rates. Approximately 13%of our portfolio is invested between the six month and one year range, and an additional 16% beyond one year. We were able to comply with our investment policy by using Car rental funds,emergency funds, reserve funds,escrow funds,and bond proceeds. The weighted average maturity of our portfolio is approximately 218 days,well below our maximum of 365 days. By Instrument By Maturity 0% 16% ®1-30 ®Agencies 4 1331 - 0 47%4 ) ®Treasuries 13% -N.- E9 -180 53% OMMM/Pool 50% ■CD's B 181-365 8% ®Over 365 0% 13% 0 City of Euless Pooled Portfolio Summary for Quarter Ending June 30, 2001 Cost Book Market Principal Only Value Value Investments at March 31, 2001 $47,778,060.53 $48,051,752.30 $48,165,404.94 Investment Purchases 41,196,744.03 Investment Maturities (28,357,594.21) Dividends Reinvested (Pools) 259,190.51 Investments at June 30, 2001 $60,876,400.86 $61,116,382.53 $61,181,314.11 Loretta Getchell Director of Fiscal and Administrative Services Vicki Rodriquez Finance Administrator City of Euless Pooled Portfolio Summary for Quarter Ending June 30, 2001 Cost Book Market Principal Only Value Value Investments at March 31, 2001 $47,778,060.53 $48,051,752.30 $48,165,404.94 Investment Purchases 41,196,744.03 Investment Maturities (28,357,594.21) Dividends Reinvested (Pools) 259,190.51 Investments at June 30, 2001 $60,876,400.86 $61,116,382.53 $61,181,314.11 I Loretta Getchell Director of Fiscal d Administrative Services V,4\.U- k, ��, Vicki Rodriquez Finance Administrator Cash Management Activity Average 90 Day T Bill Yield Average City Basis Point Month (Benchmark) Portfolio Yield Difference Apr 3.96% 5.75% 1.79% May 3.68% 5.43% 1.75% Jun 3.54% 5.05% 1.51% The Fed cut rates another 125 basis points during this quarter. Thius was the fifth rate cut,totaling 275 basis points,since the beginning of the year. These decreases are indicated above by the drop in the average portfolio yield.The average yield on our portfolio has dropped 118 basis points since January. As the Fed continues to cut rates the yield on our portfolio will continue to decline as investments mature and are reinvested at lower rates. Month Invested Balance Cash Balance % Invested Apr $47,734,058.00 $1,481,575.00 97% May $61,349,084.00 ($991,850.00) 101% Jun $61,076,165.00 ($847,928.00) 102% Average $56,719,769.00 ($119,401.00) 100% "The City received bond proceeds of$11.5 million dollars in May. The City's investment program pursues maximum interest income revenues while maintaining safety and liquidity using the following strategy: immediately deposit all receipts, utilizing wire transfers,ACH, and couriers; -slow down disbursement of funds using ACH,wire transfers,etc.; -cashflow forecasting to meet estimated disbursements by each fund; -plan full investment of upcoming resources at their peak availability to maximize interest earnings and ; -to minimize cash at the bank; -purchase diversified investments and hold to maturity -keep abreast of current market environment to benefit from interest rate changes. % Invested Cash 103.00% $2,000,000.00 102.00% $1,500,000.00 101.00% 100.00% $1,000,000.00 99.00% $500,000.00 98.00% $0.00 97.00% ($500,000.00) 96.00% 95.00% ($1,000,000.00) 94.00% ($1,500,000.00) Apr May Jun Apr May Jun COLLATERAL REVIEW he first and most important objective of public funds investments is safety of assets. Therefore,all non-government security investments must be secured by collateral. This is accomplished by monitoring daily bank balances and monthly reporting of their full coverage. Collateral levels may be adjusted to secure the varying levels of receipts throughout the fiscal year. City of Euless Collateral Analysis for Cash&C.D.Investments as of 6/3012001 Pledging Safekeeping Pledged Sec. Security Market Value Inv.Value Difference Institution Location Description Par Value (w/FDIC Ins.) (a-)-Maty(P& 1) Over/(Under) Bank One $0 $100,000 $25,252 $74,748 $Mkt $0 DDA $25,252 Landmark Bank Texas Indep $1,500,000 $1,603,825 $349,139 $1,254,686 Bank-Dallas FHLB due Payroll $23,569 08/24/05 $500,000 Operating $325,571 FNMA due 10/15/01 $1,000,000 Reproduced By: Cash&Debt Department 0 Date: 40Reviewed by: Director of Finance Date: This review is practiced on a regular basis assuring thorough coverage. Another regular practice is reviewing each individual instrument purchased. This assures compliance with the Investment policy and consideration of the underlying security. This separate but thorough practice has protected the City's portfolio against derivative products in an unstable rate environment. INTEREST INCOME FY99-00 Budget: $1,907,777 FY00-01 Budget: $1,843,994 FY99-00 Actual: $2,514,571 FY00-01 Y-T-D: $1,889,404 Percent of Budget: 132% FY00-01 Projected: $2,907,754 Proj. %of Budget: 157.69% ••• The FY00-01 projected interest income amount is comprised of interest income received year-to-date,coupon payments and interest to be received on existing investments, and interest that will accrue through the end of the fiscal year. Interest continues to be earned and distributed to the various funds which are able to invest. Interest Income By Fund As of 613012001 Fund Fund FY 00 FY 00 *FY 01 FY 01 Cpns& Proj Proj Proj Int. ;R Name Bud et Audit Bud et YTD Exist Inv Accrual Reinv Income Difference- 101 General $325,000 $434,752 $350,000 $216,268 $81,918 $130,597 $6,463 $435,246 $85,246 201 Hotel/Motel 4,000 12,121 8,000 6,736 0 3,153 $1,049 10,939 2,939 210 1/2 Cent-Ops 60,000 46,006 60,000 26,443 0 0 $7,380 33,823 26,177 ••211 1/2 Cent-Reserve 0 55,592 0 42,108 0 0 $9,789 51,897 51,897 220 Crime Control 15,000 31,051 15,000 9,532 0 9,460 $900 19,893 4,893 230 Euless DEA 0 25,679 0 15,030 13,310 0 $1,230 29,570 29,570 231 Police State Awards 0 54 0 515 0 0 $150 665 665 232 DEATask 0 252 0 1,978 0 0 $300 2,278 2,278 233 LLEBG 99/00 0 0 0 2,460 0 0 $636 3,096 3,096 234 LLEBG 97 0 713 0 0 0 0 $0 0 0 235 LLEBG 98 0 640 0 0 0 0 $0 0 0 240 Car Rental 56,000 45,798 225,000 226,569 88,766 26,022 $28,583 369,940 144,940 301 Escrow 50,000 74,027 50,000 35,671 738 28,371 $0 64,781 14,781 305 Street CIP 126,082 219,634 299,921 224,388 0 8,967 $84,366 317,721 17,800 310 1/2 Cent-CIP 61,500 78,354 51,698 23,161 0 24,622 $0 47,783 3,915 320 G.O.CIP 138,610 145,080 0 1,333 0 0 $225 1,558 1,558 325 Police Facility-CIP 454,724 205,450 199,895 250,009 52,225 10,478 $10,336 323,048 123,153 330 Car Rental-CIP 0 0 0 6,334 0 0 $13,725 20,059 20,059 401 GO Debt 10,500 132,123 15,000 18,116 11,619 0 $1,200 30,934 15,934 402 Star Center Debt 0 6,065 20,000 14,942 0 0 $467 15,409 4,591 410 Half Cent Debt 0 646 0 0 0 0 $0 0 0 501 Wtr/Sewer 300,000 407,707 300,000 268,108 88,751 88,981 $3,812 449,652 149,652 502 W&S CIP 97,863 143,352 25,000 111,793 34,570 1,138 $15,177 162,678 137,678 503 W&S Res 20,000 21,577 20,000 14,436 0 0 $0 14,436 5,564 505 Water Impact Fee 35,000 63,347 35,000 38,151 18,320 8,078 $0 64,549 29,549 508 Wastewater Impact 35,000 70,349 35,000 48,281 4,463 0 $2,577 55,321 20,321 510 Drainage 10,000 34,268 10,000 10,410 23,048 3,153 $1,522 38,133 28,133 511 Drainage CIP 6,000 17,549 6,000 14,799 0 0 $3,111 17,910 11,910 520 Recreation Classes 0 2,170 0 5,200 0 0 $1,425 6,625 6,625 521 Arbor Daze 1,000 8,573 1,000 7,620 0 0 $2,250 9,870 8,870 530 Softball World 5,000 23,224 5,000 16,609 0 0 $3,909 20,518 15,518 540 Golf Course Ops 2,000 8,841 4,000 9,410 1 333 1,759 $0 11,502 7,502 550 Parks at Texas Star 0 0 0 151 0 0 $405 556 556 552 Ath.Complex PH II 0 4,314 0 2,927 0 0 $498 3,425 3,425 601 E .Re I. 8,000 31,431 8,000 16,013 11,157 0 $2,286 29,455 21,455 610 Health Insurance 5,000 1 13,825 5,000 12,125 0 11,172 $606 23,903 18,903 615 Risk M mt 15,000 33,000 25,000 29,626 0 3,265 $3,855 36,746 11,746 620 Cash M m 66,498 67,353 70,480 76,998 0 0 $0 76,998 6,518 705 Star Center Reserve 0 49,654 0 85,153 0 0 $21,684 106,837 106,837 Total 1 1$1,907,777 1 $2,514,571 1$1,843,994 1$1,889,404 1 $429,217 1 $359,216 1 $229,916 $2,907,754 1$1,063,760 Note that interest earnings is being earned by all investable City funds and great efforts are pursued for all funds to meet their budgeted level. Several funds were not budgeted due to the volatility of their revenues and expenditures. However,these funds are used for investment purposes when they have funds available. These funds include Capital Improvement Projects and DEA funds. •FY 2001 budgeted interest earnings were based on an average rate of return of approximately 5.00%. -The interest earned in this fund is transferred to the Half Cent SalesTax operating fund after the required reserve level has been met. 0 * Total interest earnings are expected to exceed budgeted revenues by approximately$1,000,000. The majority of these revenues are being earned on bond proceeds received in May,capital projects,reserve funds,and car rental receipts. Economic News 0 The economy remains sluggish with a second quarter growth rate of only 0.2%. This is the slowest pace of growth in GDP since 1993. However, it did manage to stay in positive territory and was slightly above analysts predictions of zero growth. Consumer confidence fell in August, hitting a four month low. This indicator has become very important to investors and economists because it is tied very closely to consumer spending. The theory is that a dip in consumer confidence could mean a dip in consumer spending, and that could push the economy into a recession. Consumer spending has remained one of the few positive factors. Economists expect consumer confidence to rebound as tax rebate checks come in, and energy prices subside. Other economic data still suggest that another rate cut is possible at the October 2 meeting of the Fed. Economists are predicting another 25 basis point easing bringing the Fed funds rate to 3.25%. In December, the Fed funds rate was at 6.50%. This series of rate cuts has been the most aggressive move by the Fed in 19 years. Economists believe that the cut in October may be the last one for this cycle. However, any unexpected evidence that the economic slowdown is deepening or becoming prolonged could change these views. We will continue to monitor our investment portfolio. At the end of July, the average rate of return on our portfolio was 4.88%. This yield has dropped 152 basis points since January. This yield could continue to fall as current investments mature and funds are reinvested at much lower yields. Source: Banc One Capital Markets, Fixed Income Market Advisory First Southwest Company, Internet Market updates. � o APPENDIX 0 � o CIty of F 1 Investment 4by -Me"Pi ProvideUnion Securities As a March investment Type Institution LOGIC Local 001A pool FNMA Fed.Nal(Mort Assoc. FMAC Fed.Monro Loan Mort.Corp. IST Union First Union Capital MKTS FSW First Southwest LOGIC Local Govt Investment Coop, FOIL Milroy Market Pod FFCB Fed.Farts Credit Bank CO Certificate of Deposit Vining Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust ' Twwod Local G(rA Pod FHLB Fed.Home Loan Bank BencOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Inv. taalp Purchase Term Maturity Call Days prim Par Principal Interest Interest Yield To Book Market Market Seller Unamortized Coupon I1mt f wft GW (in days) Date Date Accrued Per 1100 Yalu& Invested O m21Y Accmed M2turl Value Pdce YaWe Inst. Discount Premium P_mmlpisG Bate U.S.GOVERNMENT AGENCIES Agency Obcamt Noss FNMA 313589EF& 10/13100 181 04/12/01 169 96.8426 1,000,000.00 968,425.56 31,574.44 29,481.11 6.57% 997,906.67 99.8350 998,350.00 Merrill FNMA 313599EFO 10/18/00 178 04/12101 166 96.9048 500,000.00 484,523.89 15,476.11 14,432.78 6.55% 498,956.67 99.8350 499,175.00 FSW RLB 313385EP7 042&100 357 04/20/01 337 93.8021 500,000.00 469,010.42 30,989.58 29,253.47 6.65% 498,263.89 99.7283 498,641.67 Merrill FHLB 313385FG6 05/12/00 350 05/07101 323 93.4100 750,000.00 700,575.00 49,425.00 44,345.21 7.03% 744,920.21 99.5015 746,281.46 Merrill FHL.8 313385HA7 12/21100 179 06/18101 100 97.1211 1,000,000.00 971,210.83 28,789.17 16,083.33 6.04% 987,294.17 98.9708 989,708.06 BancOne FNMA 3135OWSO 0721/00 357 07/13101 253 93.6633 500,000.00 488,318.25 31,683.75 22,453.75 6.80% 490,770.00 98.6633 493,316.67 Merrill FMAC 31339REN3 08/10100 343 07/19/01 233 94.0547 500,000.00 470,273.33 29,726.67 20,193.33 6.62% 490,466.67 98.5883 492,941.67 1St Union FMAC 31339REN3 08/11/00 342 07/19101 232 94.0450 500,000.00 470,225.01 29,774.99 20,196.24 6.65% 490,423.25 98.5883 492,941.67 FSW FNMA 313680.107 02007101 169 0728101 52 97.6763 1,000,000.00 976,762.50 23,237.50 7,150.00 5.14% 983,912.50 98.4985 984,985.00 FSW FNMA 3135&9KE2 0223001 167 08/09/01 36 97.7687 1,000,000.00 977,686.94 22,313.06 4,810.00 4.99% 982,496.94 98.3734 983,734.17 1St Union FMAC 313397LC3 0126001 217 06/31101 64 97.0283 1,000,000.00 970,283.06 29,716.94 8,764.44 5.13% 979,047.50 98.1003 981,002.50 1St Union FNMA 3135B9LN1 02102/01 220 09/10101 57 97.0422 1,000,000.00 970,422.22 29,577.76 7,663.33 5.04% 978,085.56 97.9942 979,941.94 1St Union FNMA 313589MW0 02002101 252 10/12/01 57 96.6470 1,000,000.00 966,470.00 33,530.00 7,584.17 4.99% 974,054.17 97.6275 978,275.00 Merrill FNMA 3135e9PE7 02002/01 284 11/13/01 57 96.2528 500,000.00 481,263.89 18,736.11 3,760.42 4.98% 485,024.31 97.2382 486,190.83 Merrill FMAC 313397PH O 02102101 267 11/16MI 57 96.2132 500,000.00 481,065.97 18,934.03 3,760.42 4.96% 484,826.39 97.2017 486,008.33 Banc One FMAC 313307PH8 02/14/01 275 11/15001 45 96.3792 750,000.00 722,843.75 27,156.25 4,443.75 4.95% 727,287.50 97.2017 729,012.50 1St Union FHLB 313385TOD 02123001 357 02/15/02 36 95.3688 1,000,000.00 953,887.50 46,112.50 4,650.00 4.88% 958,537.50 96.1926 961,925.83 Merrill TOTAL; 13,000,000.00 12,503,246.12 496,753.88 249,027.76 5.76% 12,752,273.87 12,780,412.29 Agency Coupon Notes FHLB 3133MOYK2 02/)/100 180 04/06MI 174 99.3436 500,000.00 496,718.75 15,050.00 14,548.33 6.60% 500,000.00 100.0000 500,000.00 Merrill 3,281.25 6.020% FNMA 31W4KMD9 042&100 180 0426MI 154 99.9420 500,000.00 499,710.00 16,425.00 14,052.50 6.63% 500,000.00 100.1250 500,625.00 1St Union 290.00 8.570% FHLB 3133MBEJ2 0&109100 180 0426101 154 99.9280 500,000.00 499,640.00 16,250.00 13,902.78 6.59% 500,000.00 100.1094 500,546.88 BancOne 360.00 6.500% FHLB 3133MOBF4 11104/98 180 05/04/01 148 100.0000 1,000,000.00 1,000,000.00 25,600.00 20,764.44 5.12% 1,000,000.00 100.0313 1,000,312.50 Everen 5.120% FNMA 313e41WK2 05/17100 180 05/17/01 133 99.9350 1,000,000.00 999,350.00 35,000.00 25,861.11 7.07% 999,945.84 100.2813 1,002,812.50 Banc One 650.00 (54.16) 7.000% FMAC 3134A3UQ7 10/13MO 180 06/15/01 105 99.5000 1,000,000.00 995,000.00 28,750.00 16,770.83 6.51% 998,571.44 100.2188 1,002,187.50 BancOne 5,000.00 (1,428.56) 5.750% FMAC 31341031/07 1221100 180 06/15/01 105 99.8329 800,000.00 796,663.47 23,000.00 13,416.67 6.10% 799,554.50 100.2188 801,750.00 FSW 1,336.53 (445.50) 5.750% FHLB 3133M4RX3 04/19/00 180 08/22/01 98 98.8870 250,000.00 247,217.50 7,012.50 3,817.92 6.80% 249,602.50 100.2031 250,607.81 BANC ONE 2,762.50 (397.50) 5.510% FM.B 313311,17ER3 10/13100 180 0727101 63 99.1303 500,000.00 495,051.39 13,437.50 4,703.13 6.51% 498,369.29 100.2344 501,171.88 Duncan 4,348.61 (1,630.71) 5.375% FHLB 3133M7ER3 1101&100 160 0727101 0427101 63 99.1490 500,000.00 495,745.00 13,437.50 4,703.13 6.50% 498,404.39 100.2344 501,171.88 FSW 4,255.00 (1,595.61) 5.375% FNMA 31354CHN1 12/21000 180 08/01001 59 100.3579 1,000,000.00 1,003,579.42 33,350.00 10,931.39 6.05% 1,001,769.70 100.3875 1,003,875.00 Duncan 3,579.42 1,789.70 5.670% FNMA 31354CI-M 0628000 180 08/07/01 53 99.6650 800,000.00 797,320.00 26,760.00 7,879.33 7.00% 799,175.40 100.7188 805,750.00 FSW 2,680.00 (824.60) 6.890% FHLB 3133MTTe9 02002001 100 09/11/01 19 100.1530 1,000,000.00 1,001,530.00 26,700.00 14,856.03 5.07% 1,001,092.85 100.3125 1,003,125.00 Banc One 0.00 1,530.00 1,092.85 5.340% FNMA 31364G6W4 104/0/00 180 09/14001 16 99.4063 650,000.00 645,140.63 19,825.00 1,762.22 6.80% 646,070.33 100.8875 654,468.75 Merrill 3,859.37 (1,929.67) 6.100% FFCB 31331RA21 1221100 180 09/14/01 16 99.5000 250,000.00 246,750.00 6,562.50 583.33 5.95% 249,305.56 100.3125 250,781.25 Banc One 1,250.00 (694.44) 5.250% FHLB 3133MCAZ& 0925100 180 0928/01 2 100.0000 1,000,000.00 1,000,000.00 32,500.00 361.11 6.50% 1,000,000.00 100.9688 1,009,687.50 1St Union 6.500% FFCB 31331MG35 0022100 160 10101001 179 99.2597 635,000.00 630,299.36 19,050.00 18,944.17 6.70% 632,965.44 100.7500 639,762.50 FSW 4,700.64 (2,014.56) 6.000% FMB 3133M5R77 01/13100 180 10/05101 175 98.1550 500,000.00 490,780.00 13,982.50 13,594.10 6.73% 492,097.15 100.0000 500,000.00 FSW 9,220.00 (7,902.85) 5.593% FNMA 31359MEFO 08/11100 180 10/15/01 165 97.7031 225,000.00 219,832.03 5,203.13 4,789.53 6.68% 222,785.16 100.0938 225,210.94 Merrill 5,167.97 (2,214.84) 4.625% FNMA 31359MEF6 09107100 180 10/15/01 165 97.7656 50,000.00 48,682.81 1,156.25 1,059.90 6.75% 49,484.39 100.0938 50,046.88 Merrill 1,117.19 (515.61) 4.625% FLW- 3134A2TJO 09107100 180 12114001 106 97.5859 50,000.00 48,792.97 1,187.50 699.31 6.76% 49,356.26 100.1719 50,085.94 Merrill 1,207.03 (643.74) 4.750% FHLB 3133MOYDO 01/12/01 180 12121101 99 100.5630 500.000.00 502,815.00 14,687.50 8,078.13 5.25% 501,126.00 100.9688 504,843.75 Duncan 2,815.00 1,126.00 5.875% FNMA 31354GCAO 01/17101 180 0124002 66 99.6750 500,000.00 499,375.00 13,350.00 4,895.00 5.47% 499,488.64 100.0000 500,000.00 Merrill 625.00 (511.36) 5.340% FHLB 3133MAT74 012W1 180 02/15002 45 101.5625 500,000.00 507,812.50 16,875.00 4,218.75 5.20% 506,510.04 101.8544 509,271.88 Merrill 7,812.50 6,510.04 6.750% FNMA 313641(202 0221001 180 0221/02 0821/01 39 100.0000 1,000,000.00 1,000,000.00 26,250.00 14,583.33 5.25% 1,000,000.00 100.2656 1,002,656.25 FSW 5.250% FHLB 3133MDGH O 03006001 360 03108/02 06/08/01 24 100.0000 1,000,000.00 1,000,000.00 51,300.00 14,250.00 5.13% 1,000,000.00 100.4844 1,004,843.75 1St Union 0.00 5.130% FHLB 3133MDSF1 03/19101 450 06/19/02 06/19/01 11 100.0000 1,000,000.00 1,000,000.00 62,937.50 13,986.11 5.04% 1,000,000.00 100.0625 1,000,625.00 Vining 0.00 5.035% FMAC 312923CU? 01/18101 540 07/111102 04/18/01 72 100.0000 1,000,000.00 1,000,000.00 79,800.00 14,777.78 5.32% 1,000,000.00 100.0313 1,000,312.50 1St Union 5.320% FHLB 3133MSUB4 12/27000 180 10/09/02 171 99.2800 100,000.00 99,280.00 2,790.00 1,538.84 6.01% 99,382.67 100.0313 100,031.25 Banc One 720.00 (617.13) 5.580% FH L8 3133MGM 02WMI 180 1028102 0428/01 152 100.0000 500,000.00 500,000.00 13,750.00 7,838.89 5.49% 500,000.00 100.0469 500,234.38 Banc One 5.500% FHLB 3133MOM 02/12101 ISO 11/05/02 05/05/01 145 99.9250 800,000.00 799,400.00 20,100.00 11,158.29 5.07% 799,800.00 100.0469 800,375.00 Banc One 600.00 (200.00) 5.025% FHLB 31331LDOO 03/14101 180 03/14/03 06114/01 18 99.9668 500,000.00 499,843.75 13,100.00 7,275.50 5.26% 499,895.84 100.2344 501,171.88 FSW 156.25 (104.16) 5.240% FHLB 3133MCOVO 01/16/01 180 07/16/03 07/16/01 74 100.0000 1,000,000.00 1,000,000.00 30,000.00 16,666.67 6.00% 1,000,000.00 100.4063 1,004,062.50 Banc One 6.000% TOTAL, 21,110,000.00 21,072,129.58 725,179.38 327,048.54 6.05% 21,096,793.59 21,182,307.81 53,607.34 15,736.92 (13,206.41) CERTIFICATES OF DEPOSITS CD 0423/00 365 0423/01 341 100.0000 5,000.00 5,000.00 275.00 256.92 5.50% 5,000.00 100.0000 5,000.00 Lndmrk 5.500% INVESTMENT POOLS LOGIC WA WA WA WA WA 100.0000 101,355.15 101,355.15 WA WA 5.54% 101,355.15 100.0000 101,355.15 LOGIC TWOW WA WA WA WA WA 100.0000 11,260,870.65 11,260,870.65 WA WA 5.38% 11,260,870.65 100.0000 11,260,870.65 Texpool I= WA WA WA WA WA 100.0000 2,835,459.04 2,635,459.04 WA WA 5.47% 2,835,459.04 100.0000 2,835,459.04 FGIC TOTAL; 14,197,684.64 14,197,684.84 5.46% 14,197,684.84 14,197,684.84 TOTAL PORTFOLIO 48,312,684.84 47,778,060.53 1,222,208.26 576,333.21 48,051,752.30 48,165,404.94 53,607.34 15,736.92 (13.206.41) C!YOIIEL. I As or Jun 1 "MMket Plow PM~by First Union Securities III rweaIn w TyM Institution LOGIC Local Govt pod FNMA Nall MOR Ass= FMAC Fed.Home Loan Mart Corp 1 ST Union First Union Securities FSW First Soutlwest LOGIC Local Govt Investment Coop. FGIC Money Market Pool FFCB Farm Credit Bank CD CeAl6ates of Deposit VMkq Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Tapod local Govt Pod FHLB Home Lan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Inv. Cuslp P1/rcllase Tenn Maturity can Days Price Par Principal Interest Interest Yield To Book Market Market Seller Unamortized Coupon L= bklmbet IDUs (in days) Dale Data Accrued Per&I OO Mable Invested @ InatY Accrued maturity Y 10 Edo yAkm Inst. Discount Premium Prem/Disc Bate U.S.GOVERNMENT AGENCIES Agency Discount Nobs FNMA 3135MMO 0721/00 357 07/13101 n/c 344 93.6833 500,000.00 468,316.25 31,683.75 30,530.00 6.80% 498,846.25 99.8664 499,331.94 Merrill FMAC 31339REN3 06/10/00 343 07/19/01 Mc 324 94.0547 500,000.00 470,273.33 29,726.67 28,080.00 6.62% 498,353.33 99.8047 499,023.61 1ST Union FMAC 3133GREM 08111/00 342 07/19/01 n/c 323 94.0450 500,000.00 470,225.01 29,774.99 28,120.83 6.65% 498,345.83 99.8047 499,023.61 FSW FNM 313560.07 02/07101 189 0726101 Nc 143 97.6703 1,000,000.00 976,762.50 23,237.50 19,662.50 5.14% 996,425.00 99.7328 997,327.78 FSW FNMA 313569KE2 0223/01 167 08/09/01 Mc 127 97.7887 1,000,000.00 977,686.94 22,313.06 16,968.61 4.99% 994,655.56 99.5911 995,911.11 1ST Union FMAC 313397LC3 01211101 217 08/31101 n/c 155 97.0283 1,000,000.00 970,283.06 29,716.94 21,226.39 5.13% 991,509.44 99.3697 993,696.67 1ST Union FNMA 31355"1 02102/01 220 09/10/01 Nc 148 97.0422 1,000,000.00 970,422.22 29,577.78 19,897.78 5.04% 990,320.00 99.2680 992,680.00 IST Union FNMA 313589MW0 02/02/01 252 10/12/01 Nc 148 96.8470 1,000,000.00 966,470.00 33,530.00 19,692.22 4.99% 986,162.22 98.9427 989,426.67 Merrill FMAC 313313N)f2 05106101 182 11/06/01 n/c 53 98.0637 500,000.00 490,318.61 9,681.39 2,819.31 3.96% 493,137.92 98.6885 493,442.50 Merrill FNMA 3135691PE7 020201 284 11/13101 n/c 148 96.2528 500,000.00 481,263.89 18,736.11 9,763.89 4.96% 491,027.78 98.6173 493,086.67 Merrill FMAC 313397PHO 02/0201 287 11/18101 n/c 148 96.2132 500,000.00 481,065.97 18,934.03 9,763.89 4.96% 490,829.88 98.5868 492,934.17 Banc One FMAC 313397PHO 0214101 275 11/16101 n/c 136 98.3792 760,000.00 722,843.75 27,158.25 13,430.00 4.95% 738,273.75 98.5868 739,401.25 1ST Union FMB 313385TC0 0223101 357 02/15/02 n/c 127 95.3888 1,000,000.00 953,887.50 46,112.50 16,404.17 4.88% 970,291.67 97.6808 970,808.33 Merrill TOTAL; 9,750,000.00 9,399,819.03 350,180.97 236,359.58 5.31% 9,636,178.61 9,662,094.30 Agency Coupon Nobs FNMA 31364CHN1 1221100 180 08101101 Mc 149 100.3579 1,000,000.00 1,003,579.42 33,350.00 27,606.39 8.05% 1,000,447.42 100.2500 1,002,500.00 Duncan 3,579.42 447.42 6.670% FNMA 31364CWC9 08/26100 100 08/07/01 n/c 143 99.6650 800,000.00 797,320.00 26,760.00 21,259.33 7.00% 799,793.85 100.2813 802,250.00 FSW 2,680.00 (206.15) 6.690% FHLB 3133M7TS9 02102/01 180 09/11101 n/c 109 100.1530 1,000,000.00 1,001,530.00 26,700.00 14,856.03 5.07% 1,000,437.14 100.3125 1,003,125.00 Banc One 1,530.00 437.14 5.340% FNMA 31364Cs6W4 10/30/00 180 09/14/01 n/c 106 99.4063 650,000.00 646,140.53 19,825.00 11,674.72 6.80% 649,228.14 100.3750 652,437.50 Merrill 3,859.37 (771.86) 6.100% FFCS 31331RA21 1221100 ISO 09/14/01 n/c 106 99.5000 250,000.00 246,750.00 6,562.50 3,864.58 5.95% 249,722.23 100.2188 250,546.88 Banc One 1,250.00 (277.77) 5.250% FMB 3133MCAZB 09/28/00 leo 0928MI Mc 92 100.0000 1,000,000.00 1,000,000.00 32,500.00 16,611.11 6.50% 1,000,000.00 100.6719 1,006,718.75 1ST Union 6.500% FFCB 31331HG35 08122000 180 10/01/01 n/c 89 99.2597 635,000.00 630299.36 19,050.00 9,419.17 8.70% 633,992.72 100.5625 838,571.88 FSW 4,700.64 (1,007.28) 6.000% FNMA 31359MEFO 08111000 180 10/15/01 Mc 75 97.7031 225,000.00 219,832.03 5,203.13 2,167.97 6.68% 223,892.511 100.2656 225,597.66 Merrill 5,167.97 (1,107.42) 4.625% FNMA 31359MEFO 09107000 ISO 10/15101 n/c 75 97.7656 50,000.00 48,882.81 1,156.25 481.77 6.75% 49,742.21 100.2656 50,132.81 Merrill 1,117.19 (257.79) 4.625% FMAC 3134A22J0 09107/00 180 12/14101 n/c 18 97.5859 50,000.00 48,792.97 1,187.50 105.56 6.76% 49,597.67 100.4375 50,218.75 Merrill 1,207.03 (402.33) 4.750% FMAC 3134A2ZJ6 05104101 180 12/14/01 Nc 18 100.3843 500,000.00 501,921.25 11,875.00 1,055.56 4.10% 501,372.33 100.4375 502,187.50 Duncan 1,921.25 1,372.33 4.750% FHLS 3133M8YD0 01/12101 180 1221101 n/c 9 100.5630 500,000.00 502,815.00 14,687.50 734.38 5.25% 500,000.00 100.9688 504,843.75 Duncan 2,815.00 0.00 5.875% FHLB 3133MTDR4 05/04/01 180 0122/02 Nc 158 100.5217 500,000.00 502,608.65 12,187.50 10,697.92 4.12% 501,956.48 100.5625 502,812.50 Duncan 2,608.65 1,956.48 4.875% FHLB 3133M7DR4 06/07/01 180 0122/02 Mc 158 100.5300 260,000.00 261,378.00 6,337.50 5,562.92 4.00% 261,378.00 100.5625 261,482.50 Duncan 1,378.00 1,378.00 4.875% FNMA 3113 ET 06114/01 180 02/11/02 Mc 139 102.1701 90,000.00 91,953.08 3,375.00 2,606.25 4.11% 91,953.08 102.1563 91,940.63 FSW 1,953.08 1,953.08 7.500% FMB 3133MAT74 012601 180 02115/02 n/c 135 101.5625 500,000.00 507,612.50 16,875.00 12,656.25 5.20% 504,557.28 101.6875 508,437.50 Merrill 7,812.50 4,557.28 6.750% FNMA 31354K2O2 0221101 180 0221/02 0821/01 129 100.0000 1,000,000.00 1,000,000.00 26,250.00 18,812.50 5.25% 1,000,000.00 100.2188 1,002,187.50 FSW 5.250% FMB 313395TF.5 08111/01 ISO 03114/02 n/C 106 101.7600 400,000.00 407,040.00 12,800.00 7,537.78 4.01% 407,040.00 101.8125 407,250.00 Merrill 7,040.00 7,040.00 6.400% FNM 31359MENO OSMS01 180 03/15/02 n/c 105 101.1010 500,000.00 505,505.00 13,437.50 7,838.54 3.90% 505,505.00 101.0000 505,000.00 Merrill 5,505.00 5,505.00 5.375% FNM 31354CO21 08108/01 180 04/10/02 n/c 80 102.3470 200,000.00 204,694.00 6,675.00 3,055.56 3.90% 204,694.00 102.0625 204,125.00 Merrill 4,694.00 4,694.00 6.875% FMAC 3129232112 0608107 180 05108/02 11/08101 52 100.0000 1200,000.00 1,200,ODO.00 25,920.00 7,488.00 4.32% 1,200,000.00 100.0625 1,200,750.00 Banc One 4.320% FHLB 3133MFME5 082601 180 0628/02 0928/01 2 100.0000 1,000,000.00 1,000,000.00 20,500.00 227.76 4.10% 1,000,000.00 100.0000 1,000,000.00 1ST Union 4.100% FHLB 3133MFOS7 0828/01 180 0628/02 0928MI 2 100.0000 1,000,000.00 1,000,000.00 20,150.00 223.89 4.03% 1,000,000.00 99.9531 999,531.25 1ST Union 4.030% FMAC 312923CUT 01/16/01 540 07/18/02 04/18/01 162 100.0000 1,000,000.00 1,000,000.00 79,800.00 23,940.00 5.32% 1,000,000.00 100.8438 1,008,437.50 1ST Union 5.320% FM.B 3133M*W 08111/01 180 06/15102 n/c 135 102.2060 1,000,000.00 1,022,060.00 30,000.00 22,500.00 4.06% 1,022,060.00 102.0000 1,020,000.00 BancOne 22,060.00 22,060.00 6.000% FMAC 3134A3T46 08111/01 180 10/15/02 n/c 75 102.7118 1,000,000.00 1,027,118.13 31,250.00 13,020.83 4.15% 1,027,118.13 102.4844 1,024,843.75 FSW 27,118.13 27,118.13 6.250% FMB 3133MSYK0 08111/01 180 10/15102 n/c 75 100.6590 500,000.00 503,295.00 11,687.50 4,869.79 4.16% 503295.00 100.5625 502,812.50 BancOne 3,295.00 3,295.00 4.675% FNMA 31354FG07 06/12101 180 11/12102 n/c 48 102.5380 500,000.00 512,660.00 15,700.00 4,188.67 4.41% 512,680.00 102.3594 511,796.88 Merrill 12,680.00 12,680.00 6.280% FHLB 3133MACZ0 06111/01 180 11/15/02 n/c 45 102.7830 1,000,000.00 1,027,630.00 31,250.00 7,812.50 4.23% 1,027,630.00 102.5625 1,025,625.00 Vining 27,630.00 27,630.00 6.250% FNMA 31354AXY3 06/14/01 180 03/11/03 n/c 180 102.6702 97,000.00 99,590.13 2,910.00 2,910.00 4.39% 99,590.13 102.2031 99,137.03 FSW 2,590.13 2,590.13 6.000% FMAC 31292SA21 05114101 ISO 05/14/03 05/14102 46 100.0000 11000,000.00 1,000,000.00 23,500.00 6,005.56 4.70% 1,000,000.00 99.8906 998,906.25 Vining 4.700% FHLB 313VACCIV0 01/16/01 180 07/18103 07/16MI 164 100.0000 1,000,000.00 1,000,000.00 30,000.00 27,333.33 6.00% 1,000,000.00 100.0938 1,000,937.50 Banc One 6.000% FMAC 312923YXT 05/10/01 180 11/10103 08/10/01 50 100.0000 1,000,000.00 1,000,000.00 25,350.00 7,041.67 5.07% 1,000,000.00 100.1250 1,001,250.00 1ST Union 5.070% FMB 3133MEZX2 0525101 180 1125103 0225102 35 100.0000 125,000.00 125,000.00 2,987.50 580.90 4.78% 125,000.00 99.8438 124,804.89 FSW 4.780% FHLB 3133MES44 05111101 270 02/11/04 02111/02 49 100.0000 1,000,000.00 1,000,000.00 37,650.00 6,832.78 5.02% 1,000,000.00 100.0313 1,000,312.50 Banc One 5.020% FMB 3133M4Y09 05107/01 180 0728104 0728/01 152 100.3125 400,000.00 401,250.00 12,060.00 10,184.00 4.55% 400,416.66 100.1563 400,625.00 FSW 1,250.00 416.66 6.030% TOTAL:* 22,932,000.00 23,049,477.96 697,709.38 323,761.96 5.04% 23,053,100.05 23,092,115.94 19,982.20 137,460.16 121,100.05 CERTIFICATES OF DEPOSITS CO 0423/01 365 0423/02 161 100.0000 5,000.00 5,000.00 200.00 88.22 4.00% 5,000.00 100.0000 5,000.00 Lndmrk 4.000% INVESTMENT POOLS LOGIC WA WA WA WA WA 100.0000 101,355.15 101,355.15 WA WA 4.20% 101,355.15 100.0000 101,355.15 LOGIC Tetmod WA WA WA WA WA 100.0000 13,823,694.80 13,623,694.80 N/A WA 4.26% 13,623,694.80 100.0000 13,623,694.80 Texpool FGIC WA WA WA WA N/A 100.0000 14,697,053.92 14,697,053.92 N/A WA 4.08% 14,697,053.92 100.0000 14,697,053.92 FGIC TOTAL; 28,422,103.87 28,422,103.87 4.18% 28,422,103.87 28,422,103.87 TOTALPORTFOLIO 61,109,103.87 60,876,400.86 1,048,090.34 560,209.76 61,116,382.53 61,181,314.11 19,982.20 137,460.16 121,100.05 � i CRY of Euless Investment by Fund As of March 31,2001 hnesbnsrd Tv" Institution LOGIC Leel GM pod FNMA Fed.Nall Mart.Assoc. FMAC Fed.Home Loan Mort.Corp. 1 ST Union First Union Capital k FSW First Southwest LOGIC Local GoVt Investment Coop. FGIC Money Market Pod FFCS Fed.Farm Credit Bank CD Certificate of Deposit Vining VInhV Sparks Merm Merrill Lynch FGIC Financial Investors Trust Texpoo Loral Gov't Pod FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purcha Tenn Maturity Cas Prim Par Boric Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of MM Number 1M (in daysl Data pate Per 5100 Value (Prin_Oniv1 11)M2(Y Int.®McPv M2tU 0C $819 Purchased 10SL Disco 101 Premium Eund Yaws Porffollo YII8M Fund 10/General Fund LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 101 0.00 0.00% 0.00 FGK: INA 100.0000 84,294.08 64,294.08 64,294.08 5.47% FGIC 101 64,294.08 0.13% 0.00 FHLB 313385FG6 05/12/00 380 05/07/01 93.4100 750,000.00 700,575.00 49,425.00 750,000.00 7.03% Merrill 101 746,261.46 1.46% 5.26 FNMA 31354KNK2 05/17100 360 05/17/01 99.9350 1,000,000.00 999,350.00 70,000.00 1,070,000.00 7.07% 7.000% 0.00 Banc One 650.00 101 1,002,812.50 2.06% 7.50 FMAC 3134A3UO7 1221100 174 06/15/01 99.8329 800,000.00 798,663.47 23,000.00 823,000.00 6.10% 5.750% 766.67 FSW 1,336.53 101 801,750.00 1.67% 2.90 FNMA 31354CHN1 1221/00 220 08101/01 100.3579 1,000,000.00 1,003,579.42 66,700.00 1,068,700.00 8.05% 6.670% 25,938.89 Duncan 0.00 3,579.42 101 1,003,875.00 2.15% 4.72 FNMA 3135e9KE2 0223101 157 08/09/01 97.7687 200,000.00 195,537.39 4,482.61 200,000.00 4.99% 1ST Union 101 196,746.83 0.41% 0.68 FNMA 3135e"1 02A2101 220 09/10/01 97.0422 550,000.00 533,732.22 16,287.78 550,000.00 5.04% 1ST Union 101 538,968.07 1.11% 2.45 FHLB 3133MCAZO 0&2e(00 360 09/28/01 100.0000 325,000.00 325,000.00 21,125.00 346,125.00 6.50% 6.500% 1ST Union 101 328,148.44 0.68% 2.44 FHLB 3133M5R77 01/13100 622 10(05101 98.1580 500,000.00 490,780.00 55,930.00 555,930.00 6.73% 5.593% 7,612.69 FSW 9,220.00 0.00 101 500,000.00 1.04% 6.46 FNMA 31354GCAO 01/17101 367 0124(02 99.8750 500,000.00 499,375.00 40,050.00 540,050.00 5.47% 5.340% 12,830.83 Merrill 625.00 101 500,000.00 1.07% 3.92 FHLB 3133MAT74 0126(01 379 02/15/02 101.5625 500,000.00 507,812.50 50,625.00 550,625.00 5.20% 6.750% 15,093.75 Merrill 7,812.50 101 509,271.88 1.09% 4.13 FHLB 313385TOD 0223/01 357 02/15/02 95.3888 1,000,000.00 953,887.50 46,112.50 1,000,000.00 4.88% Memo 101 961,925.83 1.99% 7.10 FMAC 312923CU7 01/18(01 540 07/18/02 04/111(01 100.0000 400,000.00 400,000.00 31,920.00 431,920.00 5.32% 5.320% IST Union 101 400,125.00 0.83% 4.50 FHLB 3133MOM 0223(01 605 1028(02 0428(01 100.0000 500,000.00 500,000.00 55,000.00 555,000.00 5.49% 5.500% 8,784.72 Banc One 101 500,234.38 1.06% 6.41 Sup1aM 8,089,294.08 7,972,508.59 530,617.89 8,503,644.08 71,027.55 11,831.53 11,391.92 subtotal 8,054,413.48 16.76% 68.46 Fund 1024eneral Fund-Energen cy, FMB 3133M6BF4 11104/98 900 05/04101 100.0000 500,000.00 500,000.00 64,000.00 564,000.00 5.12% 5.120% Everen 102 500,156.25 1.04% 9.38 Fund 103-General Fund Contingency FHLB 3133MSBF4 11(04/98 900 05/04/01 100.0000 500,000.00 500,000.00 64,000.00 564,000.00 5.12% 5.120% Everen 103 500,156.25 1.04% 9.38 Ford 201441lotegktotel LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 201 0.00 0.00% 0.00 FDIC WA 100.0000 166.48 /88.46 168.46 5.47% FGIC 201 166.46 0.00% 0.00 FNMA 313589PE7 02/2101 284 11/13/01 96.2528 100,000.00 96.252.78 3,747.22 100,000.00 4.96% Merrill 201 97,238.17 0.20% 0.57 K61DW 100,166.46 96,419.24 3,747.22 100,166.46 subtotal 97,404.63 0.20% 0.57 Fund 21044alf Cent Operations LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 210 0.00 0.00% 0.00 Texpoo WA 100.0000 552,483.62 552,403.82 0.00 552,483.82 5.47% FGIC 210 552,483.82 1.15% 0.00 FGIC WA 100.0000 81,248.02 81,248.82 0.00 81,248.82 5.47% FGIC 210 81,248.82 0.17% 0.00 Subtotal 633,732.65 633,732.65 0.00 633,732.65 0.00 0.00 0.00 subtotal 633,732.65 1.32% 0.00 Fund 21141aM Cent Reserve FGIC WA 100.0000 996,816.85 998,816.85 0.00 990,816.85 5.47% FGIC 211 996,816.85 2.08% 0.00 Fund 220-Crim Control and Prevention LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 220 0.00 0.00% 0.00 FGIC WA 100.0000 29,849.49 29,849.49 0.00 29,849.49 5.47% FGIC 220 29,849.49 0.06% 0.00 FNMA 3135e9PE7 02A2A1 284 11/13/01 96.2528 300,000.00 288,758.33 11,241.67 300,000.00 4.96% Merrill 220 291,714.60 0.60% 1.71 Subtotal 329,849.49 318,607.83 11,241.67 329,849.49 0.00 0.00 0.00 subtotal 321,563.99 0.66% 1.71 Fund 2304NAke DEA(Federal) LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 230 0.00 0.00% 0.00 FDIC WA 100.0000 95,619.67 95,619.67 95,619.67 5.47% FGIC 230 95,619.67 0.20% 0.00 FNMA 31358"1 02/02/01 220 09/10101 97.0422 450,000.00 436,890.00 13,310.00 450,000.00 5.04% 1ST Union 230 440,973.87 0.91% 2.00 Subtotal 545,619.67 532,309.67 13,310.00 545,619.67 0.00 0.00 0.00 subtotal 536,593.54 1.11% 2.00 Fund 231-Ponce DEA(State) LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 231 0.00 0.00% 0.00 FGIC WA 100.0000 13,271.44 13,271.44 13,271.44 5.47% FGIC 231 13,271.44 0.03% 0.00 Subtotal 13,271.44 13,271.44 0.00 13,271.44 0.00 0.00 0.00 subtotal 13,271.44 0.03% 0.00 Fund 232+TW DEA Task Force LOGIC WA 100.0000 0.00 0.00 0.00 5.64% LOGIC 232 0.00 0.00% 0.00 FDIC IgA 100.0000 81,453.91 81,453.91 81,453.91 5.47% FGIC 232 81,453.91 0.17% 0.00 Subtotal 81,453.91 81,453.91 0.00 81,453.91 0.00 0.00 0.00 subtotal 81,453.91 0.17% 0.00 Fund 233-LLEBG" LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.64% LOGIC 233 0.00 0.00% 0.00 FDIC WA 100.0000 64,761.61 64,761.81 64,761.61 5.47% FGIC 233 64,761.61 0.13% 0.00 Subtotal 64,761.61 64,761.61 0.00 64,761.61 0.00 0.00 0.00 subtotal 64,761.61 0.13% 0.00 Fund 23541 EBG 98 LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 235 0.00 0.00% 0.00 Fund 2404ar Rental Fund LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 240 0.00 0.00% 0.00 FGIC WA 100.0000 273.62 273.62 273.62 5.47% FGIC 240 273.62 0.00% 0.00 C8bes Pu Investmea nt by Fund As of March 31,2001 Vivestrrtent Type Institution LOGIC Local GWN Pool FNMA Fed.Nati Mort.Assoc. FMAC Fed.Home Loan Mort.Corp. 1ST Union First Union Capital k FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Me"Poo FFCB Fed.Farm Credit Bank CD Certificate of Deposit Vlnkt9 Vlnktp Sparks Merrill Me"Lynch FGIC Financial Investors Trust 70000 Local Govt Pod FHLB Fed.Horne Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Tenn Maturity Can Price Par Book Value Interest Total Pdn.+ Yield To Coupon Interest Seller Market %of 11= Number D81a (10..daYsl Data Data Per 5100 yatug (Prin-Only) 01)maty Int-gh Mery Mature SatW Purchased IDSL Discount Premium Eund Yallm Portfolio WAM T6xpoo WA 100.0000 68,723.08 88,723.08 58,723.08 5.47% Texpool 240 68,723.08 0.14% 0.00 FNMA 3135119EF6 10/13100 181 04/12/01 96.8426 1,000,000.00 968,425.56 31,574.44 1,000,000.00 6.57% Merrill 240 998,350.00 2.02% 3.65 FNMA 313589EFO 10116/00 178 04/12/01 96.9048 500,000.00 454,523.89 15,476.11 500,000.00 6.55% FSW 240 499,175.00 1.01% 1.80 FMB 3133MBEJ2 08109160 257 04/26/01 99.9280 500,000.00 499,540.00 32,500.00 532,500.00 6.59% 6.500% 9,298.61 BancOne 360.00 240 500,546.88 1.06% 2.73 FMB 313385HA7 1221/00 179 06/18/01 97.1211 1,000,000.00 971,210.83 28,789.17 1,000,000.00 6.04% BancOne 240 989,708.06 2.02% 3.62 FMAC 31339REN3 08111/00 342 07/19/01 94.0450 500,000.00 470,225.01 29,774.99 500,000.00 6.65% FSW 240 492,941.67 0.98% 3.35 FNMA 31354CHX9 0528/00 399 06/07/01 99.8850 700,000.00 697,655.00 70,245.00 770,245.00 7.00% 6.690% 20,962.00 FSW 2,680.00 240 705,031.25 1.50% 5.97 FMB 3133MCAZS 0928810 360 0926/01 100.0000 675,000.00 075.000.00 43,875.00 718,675.00 6.50% 6.500% IST Union 240 681,539.06 1.41% 5.06 Subtotal 4,943,996.69 4,835,576.98 252,234.72 5,090,618.69 30,260.61 3,040.00 0.00 subtotal 4,936,288.60 10.14% 26.19 Fund 3014evelopers Escrow LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 301 0.00 0.00% 0.00 FGIC WA 100.0000 2,624.70 2,624.70 2,624.70 5.47% FGIC 301 2,824.70 0.01% 0.00 FNMA 31359MEFO 08/11/00 424 10/15/01 97.7031 225,000.00 219,832.03 15,609.38 240,809.38 6.68% 4.625% 3,353.13 Merrill 5,167.97 301 225,210.94 0.47% 1.97 FMAC 313397PHS 02/=l 287 11/16MI 96.2132 500,000.00 481,065.97 18,934.03 500,000.00 4.96% Banc One 301 4811,008.33 1.00% 2.511 FMB 3133MOGH0 03/08101 360 03/06/02 06/06MI 100.0000 500,000.00 500,000.00 25,650.00 525,650.00 5.13% 5.130% 0.00 1STUnlor 0.00 301 502,421.88 1.04% 3.75 Subtotal 1,227,624.70 1,203,522.70 60,193.40 1,268,984.07 3,353.13 5,167.97 0.00 subtotal 1,218,265.85 2.51% 8.60 Fund 305Streels CIP LOGIC WA 100.0000 15,964.46 15,984.46 0.00 15,964.46 5.54% LOGIC 305 15,964.46 0.03% 0.00 FDIC WA 100.0000 6,346.85 6,346.85 0.00 6,346.95 5.54% LOGIC 305 6,346.85 0.01% 0.00 Texpoo WA 100.0000 3,189,826.27 3,189,826.27 0.00 3,189,826.27 5.54% LOGIC 305 3,189,826.27 6.65% 0.00 FMB 3133MTER3 10/16810 281 0727/01 99.1490 500,000.00 495,745.00 26,875.00 526,875.00 6.50% 5.375% 5,897.57 FSW 4,255.00 305 501,171.88 1.05% 2.94 FMAC 313397PHO 02114/01 275 11/16MI 96.3792 300,000.00 289,137.50 10,862.50 300,000.00 4.95% 1ST Union 305 291,605.00 0.60% 1.66 Subtotal 4,012,137.58 3,997,020.08 37,737.50 4,039,012.58 5,897.57 4,255.00 0.00 subtotal 4,004,914.45 8.34% 4.59 Fund 31044a1f Cent CIP LOGIC WA 100.0000 23,627.15 23,627.15 0.00 23,627.15 5.54% LOGIC 310 23,627.15 0.05% 0.00 FDIC WA 100.0000 37,648.58 37,648.58 0.00 37,648.58 5.47% FGIC 310 37,648.58 0.08% 0.00 FMAC 313397PHO 02/14/01 275 11/1601 96.3792 450,000.00 433,706.25 16,293.75 450,000.00 4.95% 1ST Union 310 437,407.50 0.90% 2.49 FMAC 312923CU7 01/18817 540 07/18/02 04/18MI 100.0000 300,000.00 300,000.00 23,940.00 323,940.00 5.32% 5.320% IST Union 310 300,093.75 0.63% 3.38 Subs 811,275.73 794,991.98 40,233.75 835,215.73 0.00 0.00 0.00 subtotal 798,776.98 1.66% 5.86 Fund 320[s.O.CIPfln station LOGIC WA 100.0000 0.00 0.00 0.00 5.38% LOGIC 320 0.00 0.00% 0.00 TGWW WA 100.0000 21,531.71 21,531.71 21,531.71 5.38% Texpool 320 21,531.71 0.04% 0.00 Subtotal 21,531.71 21,531.71 21,531.71 0.00 0.00 0.00 subtotal 21,531.71 0.04% 0.00 Fr6td 3254'alce Facility CIP LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 325 0.00 0.00% 0.00 FGIC WA 100.0000 9,224.30 9,224.35 0.00 9,224.38 5.47% FGIC 325 9,224.38 0.02% 0.00 761000 WA 100.0000 3,250,894.06 3,250,894.06 3,250,694.06 5.54% Texpool 325 3,250,894.06 6.77% 0.00 FHLMC3134A3UO7 18113100 242 06/15/01 99.5000 1,000,000.00 995,000.00 57,500.00 1,057,500.00 6.51% 5.750% 18,847.22 BancOne 5,000.00 325 1,002,187.50 2.11% 5.11 FMAC 31339REN3 08110/00 343 07/19/01 94.0547 500,000.00 470,273.33 29,726.67 500,000.00 8.62% IST Union 325 492,941.67 0.98% 3.36 FMB 3133M7T89 =Wt. 219 09/11/01 100.1530 1,000,000.00 1,001,530.00 53,400.00 1,053,400.00 5.07% 5.340% 20,915.00 Banc One 0.00 1,530.00 325 1,003,125.00 2.13% 4.67 Subtotal 5,760,118.44 5,726,921.77 140,626.67 5,871,018.44 39,762.22 5,000.00 1,530.00 subtotal 5,758,372.60 12.02% 13.14 Fund 401-0ebt Service LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 401 0.00 0.00% 0.00 Teumoo WA 100.0000 38,752.32 38,752.32 38,752.32 5.54% Texpool 401 38,752.32 0.08% 0.00 FDIC WA 100.0000 101,535.54 101,535.54 101,535.54 5.47% FGIC 401 101,535.54 0.21% 0.00 FNMA 313589,107 02/07/01 169 0726/07 97.6763 500,000.00 488,381.25 11,818.75 500,000.00 5.14% FSW 401 492,492.50 1.02% 1.72 Subtotal 640,287.88 628,669.11 11,818.75 640,287.86 0.00 0.00 0.00 subtotal 632,780.36 1.31% 1.72 Fund 40231ar Center Debt Service Texpoo WA 100.0000 130,911.33 130,911.33 130,911.33 5.54% Texpool 402 130,911.33 0.27% 0.00 Subtotal 130,911.33 130,911.33 0.00 130,911.33 0.00 0.00 0.00 subtotal 130,911.33 0.27% 0.00 Fund 410-EDC Debt Service LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 410 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 �tl�llnAAna111lIA6a City of Euless Investment by Fund As of March 31,2001 Imrosthent Type Institution LOGIC Local GemA Pool FNMA Fed.Nst1 Mort.Assoc FMAC Fed.Horne Loan Mort Corp. IST Union First Union Capital A FSW First Southwest LOGIC Local Govt Investment Coop. FGIC Money Medrol pool FFCB Fed.Farm Credit Bank CD Certificate of Deposit VInkV Vlnkm9 Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Govt Pod FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv, Cusip Purchase Term Maturity Cal Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of L= mwdw Q0 Sys; Qatit Qde Per 5100 Vaiue fPrin-Only gh may Int®Me Matu $atit Purchased IDSL Discou0t Premium Eund Y" Portfolio WM Fund 5014ater and Sewer LOGIC WA 100.0000 61,763.54 61,763.54 61,763.54 5.54% LOGIC 501 61.763.54 0.13% 0.00 FGIC WA 100.0000 55,388.68 55,388.68 55,388.66 5.47% LOGIC 501 55,368.68 0.12% 0.00 FHLB 3133M9YK2 02(04/00 422 04/06/01 99.3438 500,000.00 496,718.75 45,150.00 545,150.00 6.60% 6.020% 9,866.11 Merrill 3,281.25 501 500,000.00 1.06% 4.45 FNMA 31384 WD9 0428100 358 0426/01 99.9420 500,000.00 499,710.00 32,850.00 532,850.00 8.63% 6.570% 182.50 1ST Unior 290.00 501 500,625.00 1.04% 3.73 FNMA 313589180 0721/00 357 07/13101 93.6633 100,000.00 93,663.25 8,336.75 100,000.00 6.80% Merrill 501 98,883.33 0.20% 0.70 FHB 3133M7ER3 1OM3100 284 0727101 99.1303 200,000.00 198260.55 10,750.00 210.750.00 6.51% 5.375% 0.00 Duncan 1,739.45 501 200,468.75 0.41% 1.17 FNMA 31364CFIX9 0620M 399 08107101 99.6650 100,000.00 99,665.00 10,035.00 110,035.00 7.00% 6.690% FSW 501 100,718.75 0.21% 0.83 FNMA 31384GOW4 10ld0/00 314 09/14/01 99.4063 650,000.00 646,140.63 39,650.00 689,650.00 6.80% 6.100% 5,086.39 Merrill 3,859.37 501 654,468.75 1.36% 4.26 FPCB 31331MG35 0822100 399 10/01101 99.2597 635,000.00 630,299.36 57,150.00 692.150.00 0.70% 6.000% 14,922.50 FSW 4,700.64 501 839,762.50 1.34% 5.36 FNMA 313559MW0 02102101 252 10/12/01 96.6470 1,000,000.00 966,470.00 33,530.00 1,000,000.00 4.99% Merrill 501 975,275.00 2.01% 5.08 FNMA 31364K2O2 0221,101 350 0221/02 0821101 100.0000 500,000.00 500,000.00 26,250.00 526,250.00 5.25% 5.250% FSW 501 501,328.13 1.04% 3.75 FMB 3133MDSF1 03/19001 450 06/19/02 08/19/01 100.0000 1,000,000.00 1,000,000.00 62.937.50 1,062,937.50 5.04% 5.035% 0.00 Vining 0.00 501 1,000,625.00 2.08% 9.38 FHLB 3133MOS23 02/12101 623 11105/02 05105101 99.9250 800,000.00 799,400.00 80,400.00 880,400.00 5.07% 5.025% 10,831.67 Banc One 600.00 501 800,375.00 1.69% 10.52 FHB 31331LDG0 03/14101 720 03/14/03 06/14/01 99.9688 500,000.00 499,843.75 52,400.00 552,400.00 5.26% 5.240% 0.00 FSW 156.25 501 501,171.88 1.04% 7.50 FHLB 3133MCCIVO 01/16101 900 07/16/03 07/16/01 100.0000 1,000,000.00 1,000,000.00 150,000.00 1,150,000.00 6.00% 6.000% 0.00 Banc One 0.00 0.00 501 1,004,062.50 2.08% 18.75 Sublaal 7,002,132.22 7,547,303.50 607,439.25 8,189,704.72 40,669.17 14,626.96 0.00 subtotal 7,595,676.80 15.81% 75.49 Fund 502-W3S CIP LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 502 0.00 0.00% 0.00 FGIC WA 100.0000 289,248.17 289,248.17 289,248.17 5.47% FGIC 502 289,248.17 0.60% 0.00 Texpoo WA 100.0000 1,950,961.73 1,950,961.73 1,950,961.73 5.47% Texpool 502 1,950,961.73 4.07% 0.00 FMAC 313397LC3 0126/01 217 OWI/01 97.0263 1,000,000.00 970,283.06 29,716.94 1,000,000.00 5.13% 1ST Union 502 981,002.50 2.02% 4.39 Subkftl 3,240,209.89 3,210,492.95 29,716.94 3,240,209.89 0.00 0.00 0.00 subtotal 3,221,212.39 6.69% 4.39 Fund 5054Nater Impact Fees LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 505 0.00 0.00% 0.00 FGIC WA 100.0000 21,256.94 21,256.94 0.00 21,256.94 5.47% FGIC 505 21,256.94 0.04% 0.00 FNMA 313589.107 02107/01 169 0725MI 97.6763 500,000.00 488,381.25 11,618.75 500,000.00 5.14% FSW 505 492.492.50 1.02% 1.72 FFCB 31331RA21 12/21100 283 09/14/01 99.5000 250,000.00 248,750.00 13,125.00 263,125.00 5.95% 5.250% 3,536.46 Banc One 1,250.00 505 250,781.25 0.53% 1.38 FHLB 3133MBYD0 01/12/01 159 1221101 100.5630 500,000.00 502,815.00 14,687.50 514,687.50 5.25% 5.875% 1,713.54 Duncan 0.00 2,615.00 505 504,843.75 1.05% 1.67 FHLB 3133M5U84 1027100 642 10/09/02 99.2800 100,000.00 99,280.00 11,160.00 111,160.00 6.01% 5.580% 1,209.00 Banc One 720.00 505 100,031.25 0.21% 1.34 Subs 1,371,256.94 1,360,483.19 50,591.25 1,410.229.44 6,459.00 1,970.00 2,615.00 subtotal 1.369,405.69 2.65% 6.12 Fund$06•W&S Debt Service LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 506 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 Fund 507-WRS Emeryency LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 507 0.00 0.00% 0.00 FNMA 31364K2O2 0221101 360 0221/02 0821/01 100.0000 500,000.00 500,000.00 26,250.00 526,250.00 5.25% 5.250% FSW 507 501,328.13 1.04% 3.75 Sllbtaal 500,000.00 500,000.00 26,250.00 526.250.00 subtotal 501,328.13 1.04% 3.75 Fund 508 Mhstewater ImpactFees LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 508 0.00 0.00% 0.00 FGIC Hyp, 100.0000 6,253.85 6,253.65 6,253.85 5.54% FGIC 508 8,253.85 0.01% 0.00 FHB 313385EPT 0428100 357 0420101 93.8021 500,000.00 469,010.42 30,989.58 500,000.00 6.65% Merrill 508 498,841.67 0.98% 3.49 FHLB 3133M4RX3 04/19/00 423 061=1 98.8870 250,000.00 247,217.50 21,037.50 271.037.50 6.60% 5.610% 4,558.13 Banc One 2,782.50 508 250,507.81 0.52% 2.22 FNMA 313589KE2 0223,101 167 08109101 97.7687 200,000.00 195,537.39 4,462.61 200,000.00 4.99% 1ST Union 505 196,746.83 0.41% 0.68 SubtWil 956,253.85 918,019.16 56,489.69 977,291.35 4,558.13 2,762.50 0.00 subtotal 952,150.16 1.92% 6.39 Fund 5100ralnape LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 510 0.00 0.00% 0.00 FDIC WA 100.0000 94,220.27 94,220.27 94,220.27 5.47% FGIC 510 94,220.27 0.20% 0.00 FNMA 3135OWN 0721/00 357 07/13/01 93.6633 400,000.00 374,653.00 25,347.00 400,000.00 6.80% Mems 510 394,653.33 0.78% 2.79 FNMA 313589KE2 0223/01 167 08/09/01 97.7687 100,000.00 97,708.69 2,231.31 100,000.00 4.99% 1ST Union 510 98,373.42 0.20% 0.34 FNMA 313589/2157 02102/01 284 11/13101 96.2528 100,000.00 96,252.78 3,747.22 100,000.00 4.96% Merrill 510 97,238.17 0.20% 0.57 subtotal 694,220.27 662,894.74 31,325.53 694,220.27 0.00 0.00 0.00 subtotal 684,485.18 1.38% 3.70 Fund 51143ralnfpe CIP LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 511 0.00 0.00% 0.00 FGIC WA 100.0000 268,986.23 266,958.23 0.00 266,986.23 5.47% FGIC 511 266,986.23 0.56% 0.00 Subtotal 268,986.23 268,986.23 0.00 266,986.23 0.00 0.00 0.00 subtotal 266,986.23 0.56% 0.00 Fund 520-Recna6on Classes LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 520 0.00 0.00% 0.00 FGIC WA 100.0000 105,355.88 105,355.88 0.00 105,355.88 5.47% FGIC 520 105,355.88 0.22% 0.00 Subtotal 105,355.88 105,355.88 0.00 105.355.88 0.00 0.00 0.00 subtotal 105,355.68 0.22% 0.00 GlyEuless . Investment by Fund As of Marr ch 31.2001 invee0l»M TYW Institution LOGIC Local Gov't Pool FNMA Fed.NaCl Mon.Ass= FMAC Fed.Home Loan Mort.Corp. IST Union First Union Capital H FSW First Southwest LOGIC Local Govt Investment Coop. FDIC Matey Market Pod FFCB Fed.Form Credit Bank CD Certificate of Deposit VInkM Vining Sparks Me" Merril Lynch FGIC Financial Investors Trust Taxpoo Local Gov't Pod FHLB Fed.Home Loan Bank BancOne Bane One Capital Evem Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cualp Purchase Tenn Maturity Cal Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of L= Number Dalt (in days: aft QaM Per 5100 yalue (Prin-Only) 9bmaP)C Int T Maty Matun EM Purchased jou, Discount Premium Bled Milt Portfolio JY M Fund 521,Arbor Daze LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 521 0.00 0.00% 0.00 FGIC WA 100.0000 104,281.92 104,201.92 0.00 104,281.92 5.47% FGIC 521 104,281.92 0.22% 0.00 SSI 104,281.92 104,281.92 0.00 104,281.92 0.00 0.00 0.00 subtotal 104,281.92 0.22% 0.00 Fund 53"oRban World-Operating LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 530 0.00 0.00% 0.00 FGIC WA 100.0000 52,244.68 52,244.66 0.00 52,244.68 5.47% FGIC 530 52,244.68 0.11% 0.00 CD 0483/00 365 0423/01 100.0000 5,000.00 5,000.00 0.00 5,000.00 5.50% 5.500% Landmark 530 5,000.00 0.01% 0.04 FHLB 3133M7ER3 10/13(00 284 0727/01 99.1303 300,000.00 297,390.83 16,125.00 316,125.00 6.51% 5.375% 5,673.61 Duncan 2,609.16 530 300,703.13 0.63% 1.79 Subkftl 357,244.68 354,1135.50 16,125.00 373,369.88 5,673.61 2,609.16 0.00 subtotal 357,947.80 0.75% 1.83 Fund 531.Sof an WorldCIP 6 Debt LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 531 0.00 0.00% 0.00 Fund 540-Golf Course LOGIC WA 100.0000 0.00 0.00 0.00 5.47% LOGIC 540 0.00 0.00% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 5.47% Texpool 540 0.00 0.00% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 5.47% FGIC 540 0.00 0.00% 0.00 FNMA 31359MEFS 09/07/00 398 10/15/01 97.7656 50,000.00 48,862.81 3,488.75 53,468.75 6.75% 4.625% 912.15 Merrill 1,117.19 540 50,046.88 0.10% 0.41 FHLMC 3134A2ZI0 09/07)00 457 12/14/01 97.5859 50,000.00 48,792.97 3,562.50 53,562.50 6.76% 4.750% 540.97 Merril 1,207.03 540 50,085.94 0.10% 0.47 SubfOel 100,000.00 97,675.78 7,031.25 107,031.25 1,453.12 2,324.22 0.00 subtotal 100,132.61 0.21% 0.88 Fund 5524°hsse n Athletic Complex LOGIC WA 100.0000 0.00 0.00 0.00 0.00 5.54% LOGIC 551 0.00 0.00% 0.00 FGIC WA 100.0000 60,776.80 80,776.50 0.00 60.776.80 5.47% FGIC 551 60,776.80 0.13% 0.00 Subtotal 60,776.80 60,776.80 0.00 60,776.80 0.00 0.00 0.00 subtotal 60,776.80 0.13% 0.00 Fad 601fqulpment Replacement LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 601 0.00 0.00% 0.00 FGIC WA 100.0000 128,317.67 128,317.67 128,317.67 5.47% FGIC 601 128,317.67 0.27% 0.00 FNMA 3135e9KE2 02/23/01 167 08909/01 97.7687 500,000.00 488,843.47 11,158.53 500.000.00 4.99% 1ST Union 601 491,867.08 1.02% 1.70 Subl tal 628,317.67 817,181.14 11,158.53 628,317.87 0.00 0.00 0.00 Subtotal 620,184.75 1.29% 1.70 Fund 610-Insurance LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 610 0.00 0.00% 0.00 FGIC WA 100.0000 10,714.65 10,714.65 10,714.65 5.47% FGIC 610 10,714.85 0.02% 0.00 FMAC 312923CUT 01/18101 540 07/18/02 04/1=1 100.0000 300,000.00 300.000.00 23,940.00 323,940.00 5.32% 5.320% 1ST Union 610 300,093.75 0.63% 3.38 subtal.1 310,714.65 310,714.65 23,940.00 334,654.65 subtotal 310,808.40 0.65% 3.38 Fund e154tlsk Management LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 615 0.00 0.00% 0.00 FGIC WA 100.0000 55,297.31 55,297.31 55,297.31 5.47% FGIC 615 55,297.31 0.12% 0.00 FHLB 3133MDGHIO 03/06/01 360 03/06/02 06/08/01 100.0000 500,000.00 500,000.00 25,650.00 525,650.00 5.13% 5.130% 0.00 1ST Unior 0.00 615 502,421.88 1.04% 3.75 Subtotal 555,297.31 555,297.31 25,650.00 580,947.31 0.00 0.00 0.00 subtotal 557,719.18 1.16% 3.75 Fund 70543anas Stirs Escrow Reserve Texpoo WA 100.0000 2,056,786.33 2,056,786.33 2,056,786.33 5.54% Texpool 705 2,056,786.33 4.29% 0.00 Fund 710-FW DEA Task Fora Trust and Agency LOGIC WA 100.0000 0.00 0.00 0.00 5.54% LOGIC 710 0.00 0.00% 0.00 TOTAL 46,312,684.84 47,776,060.52 2,115,277.01 49,931,207.96 209,314.11 53,607.34 15,736.92 TOTAL 48,165,404.94 100.00% 252.97 InvestrnenCMY of tE 10 MO. As of June Investment Type Institution LOGIC Loa(Govt pool FNMA Fed.Nall Mort.Assoc. FMAC Fed.Home Loan Mon.Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local Govt Investment Coop. FGIC Morley Me"Pod FFCB Fed.Farts Credit Bank CD Certificates of Deposit Vining Viniog Spanks Merrill Merrill Lynch FGIC Financial Investors Trust Twom Local Govt Pod FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Tenn Maturity can Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of MM Numb- OM (In d2valrgt0 03t0 Per 5100 y3Wg fpdn.Only 11)m31yf Int,®Mat y Mature $310 Purchased InAL Discount Premium Fund Value Portfolio AW Fund 1011-General Fund LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 101 0.00 0.00% 0.00 FGIC WA 100.0000 65,033.99 65,033.99 65,033.99 4.08% FGIC 101 65,033.99 0.11% 0.00 T0000 WA 100.0000 503,561.01 503,561.01 503,561.01 4.08% Texpool 101 503,561.01 0.82% 0.00 FNMA 31364CHN1 12/21/00 220 08/01/01 100.3579 1,000,000.00 1,003,579.42 68,700.00 1,066,700.00 6.05% 6.670% 25,938.89 Duncan 0.00 3,579.42 101 1,002,500.00 1.69% 3.71 FNMA 3135MM 02/23/01 167 08109/01 97.7687 200,000.00 195,537.39 4,462.61 200,000.00 4.99% 1ST Union 101 199,182.22 0.32% 0.53 FNMA 3135691,/01 021W101 220 09/10/01 97.0422 550,000.00 533,732.22 18,287.78 550,000.00 5.04% 1ST Union 101 545,974.00 0.87% 1.92 FHLB 3133MCAZO 0D2W 360 09/28MI 100.0000 325,000.00 325,000.00 21,125.00 346,125.00 6.50% 6.500% 1ST Union 101 327,183.59 0.53% 1.92 FHLB 3133M7DR4 OSr04101 258 01/22/02 Mc 100.5217 500,010.00 502,608.05 24,375.00 526,983.65 4.12% 4.875% 6,906.25 Duncan 2,608.65 101 502,812.50 0.83% 2.15 FHLB 3133MAT74 01/26101 379 02/15/02 101.5625 500,000.00 507,612.50 50,625.00 550,625.00 5.20% 6.750% 15,093.75 Merrill 7,812.50 101 508,437.50 0.86% 3.24 FHLB 313305TOD 02/23/01 357 02/15/02 95.3888 1,000,000.00 953,687.50 46,112.50 1,000,000.00 4.88% Merrill 101 976,808.33 1.56% 5.58 FHLMC 312923ZU2 05108101 360 05/08/02 11/08101 100.0000 1,200,000.00 1,200,000.00 51,840.00 1,251,840.00 4.32% 4.320% Banc One 101 1,200,750.00 1.96% 7.07 FMAC 312923CU7 01/111/01 540 07/1BM2 04/18/01 100.0000 400,000.00 400,000.00 31,920.00 431,920.00 5.32% 5.320% 1ST Union 101 403,375.00 0.65% 3.64 FFLS 3133MACZD 06/71101 514 11/16/02 N/C 102.7630 1,000,000.00 1,027,630.00 93,750.00 1,093,750.00 4.23% 6.250% 4,513.89 Vining 27,630.00 101 1,025,625.00 1.69% 8.69 FMAC 312923A21 05/14101 720 05/14/03 05/14102 100.0000 1,000,000.00 1,000,000.00 94,000.00 1,094,000.00 4.70% 4.700% Vining 101 998,906.25 1.64% 11.79 FHLB 3133ME2X2 05,25101 900 11/25/03 0225102 100.0000 125,000.00 125,000.00 11,950.00 136,950.00 4.78% 4.780% FSW 101 124,804.69 0.20% 1.84 FHLB 3133M4YO9 0510710/ 1133 0728/04 0728/01 100.3125 400,000.00 401,250.00 84,420.00 485,670.00 4.55% 6.030% 6,633.00 FSW 1,250.00 101 400,625.00 0.67% 7.57 SuDMtal 8,766,595.00 8,744,632.88 597,547.89 9,303,158.65 59,085.78 0.00 42,880.57 subtotal 8,785,579.09 14.41% 59.55 Fund 102-General Fund-Emergency FHLB 3133MES44 05/11101 990 02/11/04 02/11/02 100.0000 500,000.00 500,000.00 34,512.50 534,512.50 5.02% 5.020% Banc One 102 500,156.25 0.82% 8.10 Fund 1034eneral Fund Contingency FHB 3133MES44 05/11101 990 02/11104 02/11/02 100.0000 500,000.00 500,000.00 34,512.50 534,512.50 5.02% 5.020% Banc One 103 500,156.25 0.82% 8.10 Fund 2014fde11Mote1 LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 201 0.00 0.00% 0.00 FGIC WA 100.0000 55,901.92 55,901.92 55,901.92 4.08% FGIC 201 55,901.92 0.09% 0.00 Telmoo WA 100.0000 50,356.10 50,356.10 50,356.10 4.08% Texpool 201 50,358.10 0.08% 0.00 FNMA 313569PE7 02/02/01 284 11/13/01 96.2528 100,000.00 96,252.78 3,747.22 100,000.00 4.96% Merrill 201 98,817.33 0.16% 0.45 subtotal 206,258.02 202,510.80 3,747.22 206.258.02 subtotal 204,875.35 0.33% 0.45 Fund 2/044aM Caret Operations LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 210 0.00 0.00% 0.00 7413000 WA 100.0000 557,813.40 557,813.40 0.00 557,813.40 4.08% Texpool 210 557.813.40 0.91% 0.00 FGIC WA 100.0000 183,052.47 183,052.47 0.00 183,052.47 4.08% FGIC 210 183,052.47 0.30% 0.00 Subtotal 740,865.87 740,865.87 0.00 740,865.87 0.00 0.00 0.00 subtotal 740,865.87 1.21% 0.00 Fund 21144alf Card Reserve FGIC WA 100.0000 1,008,288.44 1,008,288.44 0.00 1,008,288.44 4.08% FGIC 211 1,008,288.44 1.65% 0.00 Fund 220Cnme Control and Prevention LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 220 0.00 0.00% 0.00 FGIC WA 100.0000 30,193.01 30.193.01 0.00 30,193.01 4.08% FGIC 220 30,193.01 0.05% 0.00 TWMW WA 100.0000 60.427.32 60,427.32 0.00 60,427.32 4.08% Texpooi 220 60,427.32 0.10% 0.00 FNMA 313589PE7 02/02/01 284 11/13/01 96.2528 300,000.00 288,758.33 11,241.67 300,000.00 4.96% Merrill 220 295,852.00 0.47% 1.34 Subtotal 390,620.33 379,378.68 11,241.67 390,620.33 0.00 0.00 0.00 subtotal 386,472.33 0.62% 1.34 Fund 2304'otics DEA(Federal) LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 230 0.00 0.00% 0.00 FGIC WA 100.0000 126,980.66 126,980.66 128,980.86 4.08% FGIC 230 126,980.66 0.21% 0.00 FNMA 313589LN1 02/02/01 220 09/10/01 97.0422 450,000.00 436,690.00 13,310.00 450,000.00 5.04% 1ST Union 230 446,706.00 0.71% 1.57 Subtotal 576,980.66 563,670.66 13,310.00 576,980.66 0.00 0.00 0.00 subtotal 573,686.66 0.92% 1.57 Fund 231?olla DEA(State) LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 231 0.00 0.00% 0.00 FGIC WA 100.0000 13,424.17 13,424.17 13,424.17 4.08% FGIC 231 13,424.17 0.02% 0.00 Subtotal 13,424.17 13,424.17 0.00 13,424.17 0.00 0.00 0.00 subtotal 13,424.17 0.02% 0.00 Fund 232fTW DEA Task Force LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 232 0.00 0.00% 0.00 FGIC WA 100.0000 30,685.71 30,685.71 30,885.71 4.08% FGIC 232 30,685.71 0.05% 0.00 Subtotal 30,685.71 30,885.71 0.00 30,685.71 0.00 0.00 0.00 subtotal 30,685.71 0.05% 0.00 Fund 23341EBG 99 LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 233 0.00 0.00% 0.00 FGIC WA 100.0000 65,506.90 65,506.90 65,506.90 4.08% FGIC 233 65,506.90 0.11% 0.00 Subtotal 65,506.90 65,506.90 0.00 65,506.90 0.00 0.00 0.00 subtotal 65,506.90 0.11% 0.00 Fund 2354LLEBO 96 LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 235 0.00 0.00% 0.00 dtr of EultMs InvutmenI by , 10 As of June 30, Investment Type Institution LOGIC Local OoM Pool FNMA Fed.Natl Mort.Assoc. FMAC Fed.Hare Loan Mort.Corp IST Union First Union Securities FSW First Southwest LOGIC Local Gott Investment Coop. FGIC Money Market Pool FFCB Fed.Farm Credit Bank CD Certificates of Deposit Vlnktp Vlnkin Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Gov't Pod FHLB Fed.Home Loan Bank Banton Banc One Capital Everen Everan Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Tenn Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of LM Number f& Sys;Dft jfp Per 5100 YAWS (Prin.Only 1 ,>li,mat'( Int®Mary MatlidtH &W Purchased 1111. Discount Premium Fund Yalue Portfolio WAM Fund 240Car Rental Fund LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 240 0.00 0.00% 0.00 FGIC WA 100.0000 11,956.40 11,958.40 11,956.40 4.08% FGIC 240 11,956.40 0.02% 0.00 TOWO WA 100.0000 774,371.43 774,371.43 774,371.43 4.08% Texpool 240 774,371.43 1.27% 0.00 FMAC 31339REN3 08/11/00 342 07/198/1 94.0450 500.000.00 470,225.01 29,774.99 500,000.00 6.65% FSW 240 499,023.61 0.77% 2.63 FNMA 31364CHXO 06288/0 399 068/7/01 99.8650 700,000.00 697,655.00 70,245.00 770,245.00 7.00% 6.690% 20,962.00 FSW 2,680.00 240 701,968.75 1.18% 4.69 F►L5 3133MCAZS 0926/00 350 0928MI 100.0000 675,000.00 675,000.00 43,875.00 718,875.00 6.50% 6.500% 1ST Union 240 679,535.16 1.11% 3.98 FMAC 313313NX2 05/0118/1 182 11/06/01 n/c 98.0637 500,000.00 490,318.61 9,681.39 500,000.00 3.96% Merrill 240 493,442.50 0.80% 1.46 FMAC 3134A2ZJ0 058/4/01 220 12/14/01 n/c 100.3843 500,000.00 501,921.25 23,750.00 525,671.25 4.10% 4.750% 9,170.14 Duncan 1,921.25 240 502,187.50 0.84% 1.84 FNMA 31359MENO 061068/1 277 03115/02 NIC 101.1010 500,000.00 505,505.00 26,875.00 526,875.00 3.90% 5.375% 6,196.18 Merrill 5,505.00 240 505,000.00 0.84% 2.32 FMB 3133MFOBI 06268/1 360 0628/02 0928101 100.0000 1,000,000.00 1,000,000.00 40,300.00 1,040,300.00 4.03% 4.030% 0.00 1ST Union 0.00 240 999,531.25 1.64% 5.89 FMAC 312923YXI 05/10/01 900 11/10/03 08/10/01 100.0000 1,000,000.00 1,000,000.00 126,750.00 1,126,750.00 5.07% 5.070% 1ST Union 240 1,001,250.00 1.64% 14.74 Subtotal 6,161,327.83 6,126,952.70 371,251.38 6,495,044.08 36,328.32 2,680.00 7,426.25 subtotal 6,168,266.60 10.09% 37.56 Fund 3014)*" es Escrow LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 301 0.00 0.00% 0.00 FGIC WA 100.0000 2,654.91 2,854.91 2,654.91 4.08% FGIC 301 2,654.91 0.00% 0.00 FNMA 31359MEFO 08/11/00 424 10/15/01 97.7031 225,000.00 219,832.03 15,609.38 240,609.38 6.68% 4.625% 3,353.13 Merrill 5,167.97 301 225,597.66 0.37% 1.55 FMAC 313397PHO 02102101 287 11/168/1 96.2132 500.000.00 481,065.97 18,934.03 500,000.00 4.96% Banc One 301 492,934.17 0.79% 2.26 FHLB 3133M5YK0 08/11101 484 10/158/2 NIC 100.6590 500.000.00 503,295.00 35,062.50 535,062.50 4.16% 4.675% 3,636.11 BancOne 3,295.00 301 502,812.50 0.83% 4.02 FNMA 31364AXY3 08/14101 627 03/11/03 NIC 102.6702 97,000.00 99,590.13 12,787.83 109,787.83 4.39% 6.000% 2,851.33 FSW 2,590.13 301 99.137.03 0.17% 1.05 Subtotal 1,324,654.91 1,306,438.03 82,393.74 1,388,114.61 9,640.57 5.167.97 5,885.13 subtotal 1,323,136.26 2.15% 8.86 Fund 306Streeb CIP LOGIC WA 100.0000 15,964.46 15,964.48 0.00 15,964.46 4.20% LOGIC 305 15,964.46 0.03% 0.00 FGIC WA 100.0000 9,921,420.08 9,921,420.08 0.00 9,921,420.08 4.20% FGIC 305 9,921,420.08 16.24% 0.00 TOMOO WA 100.0000 3,639,529.22 3,639,529.22 0.00 3,639,529.22 4.20% TEXPOOL 305 3,839,529.22 5.96% 0.00 FMAC 313397PHS 02114101 275 11/168/1 98.3792 300,000.00 289,137.50 10,862.50 300.000.00 4.95% 1ST Union 305 295,760.50 0.47% 1.30 Subtotal 13,876,913.78 13,888,051.26 10.862.50 13,876,913.76 0.00 0.00 0.00 subtotal 13,872,674.26 22.70% 1.30 Fund 31041alf Csrd CtP LOGIC WA 100.0000 23,627.15 23,627.15 0.00 23,627.15 4.20% LOGIC 310 23,627.15 0.04% 0.00 FGIC WA 100.0000 7,736.60 7,736.50 0.00 7,736.60 4.08% FGIC 310 7,736.60 0.01% 0.00 FMAC 313397PHO 02/148/1 275 11/18/01 96.3792 450,000.00 433,706.25 16,293.75 450,000.00 4.95% 1ST Union 310 443,640.75 0.71% 1.95 FMAC 312923CU7 01/16/01 540 07/18/02 04/18MI 100.0000 300,000.00 300,000.00 23,940.00 323,940.00 5.32% 5.320% 1ST Union 310 302,531.25 0.49% 2.65 Subtotal 781,363.75 765,070.00 40,233.75 805.303.75 0.00 0.00 0.00 subtotal 777,535.75 1.25% 4.61 Fund 320.0.O.CIP-Fare Station LOGIC WA 100.0000 0.00 0.00 0.00 4.26% LOGIC 320 0.00 0.00% 0.00 Texpoo WA 100.0000 21,777.04 21,777.04 21,777.04 4.26% Texpool 320 21,777.04 0.04% 0.00 Subtotal 21,777.04 21,777.04 21,777.04 0.00 0.00 0.00 subtotal 21,777.04 0.04% 0.00 Fund 325-Polies Facility CIP LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 325 0.00 0.00% 0.00 FGIC WA 100.0000 9,330.53 9,330.53 0.00 9,330.53 4.08% FGIC 325 9,330.53 0.02% 0.00 Texpoo WA 100.0000 1,487,509.83 1,487,509.83 1,487,509.83 4.20% Texpool 325 1,487,509.83 2.44% 0.00 FMAC 31339REN3 08/10100 343 07/198/1 94.0547 500.000.00 470,273.33 29,726.67 500,000.00 6.62% 1ST Union 325 499,023.61 0.77% 2.64 FHLB 3133MTM 02/02101 219 09/11/01 100.1530 1,000,000.00 1,001,530.00 53,400.00 1,053,400.00 5.07% 5.340% 20,915.00 Banc One 0.00 1,530.00 325 1,003,125.00 1.67% 3.67 FHLB 3133MFME5 0626101 360 06/28/02 092!1/01 100.0000 1,000,000.00 1,000,000.00 41,000.00 1,041,000.00 4.10% 4.100% 0.00 1ST Union 0.00 325 1,000,000.00 1.64% 5.89 Sublobl 3,998,840.36 3,968,643.70 124,126.67 4,091,240.36 20,915.00 0.00 1,530.00 subtotal 3,998,988.97 6.53% 12.20 Fund 330-Car Rental CIP FGIC WA 100.0000 1,442,483.86 1,442,483.86 1,442,483.88 4.26% FGIC 330 1,442,483.86 2.36% 0.00 Texpoo WA 100.0000 191,353.18 191,353.18 191,353.18 4.20% Texpool 330 191,353.18 0.31% 0.00 SaDbhN 1,633,837.04 1,633.837.04 0.00 1,633,837.04 0.00 0.00 0.00 subtotal 1,633,837.04 2.68% 0.00 Fund 4014)ebt Service LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 401 0.00 0.00% 0.00 Texpoo WA 100.0000 39,195.70 39,195.70 39,195.70 4.20% Texpool 401 39,195.70 0.06% 0.00 FGIC WA 100.0000 187,487.86 187,467.88 187,467.88 4.08% FGIC 401 187,467.88 0.31% 0.00 FNMA 313581/1 028/7/01 169 0726/01 97.6763 500,000.00 488,381.25 11,618.75 500,000.00 5.14% FSW 401 498,663.89 0.80% 1.35 Subtotal 726,863.58 715,044.83 11,618.75 726,663.58 0.00 0.00 0.00 subtotal 725,327.47 1.17% 1.35 Fund 402Star Center Debt Service Texpoo WA 100.0000 376,478.28 378,476.28 376,476.28 4.20% Texpool 402 376,476.28 0.62% 0.00 Subtotal 376.476.28 376,476.28 0.00 376,476.28 0.00 0.00 0.00 subtotal 376,476.28 0.62% 0.00 Fund 410£DC Debt Service LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 410 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 Cly E Invesknenlbv As of Junn e 30,20' Investment Type Institution LOGIC Local GM Pool FNMA Fed.Nati Mort.Assoc. FMAC Fed.Home Loan Mort Corp 1ST Union First Union Securtibs FSW First Southwest LOGIC Local Gov't Investment Coop. FDIC Money Market Pool FFCB Fed.Farre Credit Bank CD Certificates of Deposit Vktktg Vlnio9 Sparks Merrill MCMII Lynch FGIC Financial Investors Trust Texpoo Local Gov't Pod FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Wittams LNDMRK Landmark Bank cost Accrued Inv. Cusp Purchase Term Maturity Cal Price Par Book Value Interest Total Print.+ Yield To Coupon Interest Seller Market %of mm Nth 20 An daysl2 to Do Per 5100 Value (Prin.Only) maty Int.®Ma tY Mya(uBal$ Purchased 105L Discount Premium Fund Value Portfolio )MW Fund 501-Nater and Sewer LOGIC WA 100.0000 61,763.64 61,763.54 61,763.54 4.20% LOGIC 501 61,763.54 0.10% 0.00 FDIC WA 100.0000 23,349.81 23,349.81 23,349.81 4.08% FGIC 501 23,349.81 0.04% 0.00 Textloo WA 100.0000 153,904.44 153,904.44 153,904.44 4.08% TEXPOOL 501 153,904.44 0.25% 0.00 FNM 313509JBO 0721/00 357 07/13/01 93.6833 100,000.00 93,663.25 6,336.75 100,000.00 6.80% Merril 501 99,866.39 0.15% 0.55 FNM 31364CH)M 0628100 399 0!1/07/01 WNW 100,000.00 99,865.00 10,035.00 110,035.00 7.00% 6.690% FSW 501 100,281.25 0.16% 0.65 FNM 3136406W4 10/30100 314 09/14/01 99.4063 650,000.00 646,140.63 39,650.00 669,650.00 6.80% 6.100% 5,066.39 Merrill 3,859.37 501 652,437.50 1.07% 3.35 FFCB 31331MG35 0622/00 399 10/01/01 99.2597 835,000.00 630,299.36 57,150.00 692,150.00 6.70% 6.000% 14,922.50 FSW 4,700.64 501 638,571.88 1.06% 4.22 FNMA 3135BOMWO 02/02101 252 10/12/01 96.6470 1,000,000.00 908,470.00 33,530.00 1,000,000.00 4.99% Merrill 501 989,426.67 1.58% 3.99 FHLB 3133M7DR4 06/07/01 225 0122/02 WC 100.6300 280,000.00 261,378.00 12,675.00 272,675.00 4.00% 4.875% 4,753.13 Duncan 1,378.00 501 251,462.50 0.44% 0.98 FNMA 31364K202 020,101 380 0221/02 0821/01 100.0000 500,000.00 500,000.00 26,250.00 526,250.00 5.25% 5.250% FSW 501 501,093.75 0.82% 2.95 FHLB 3133M9FE7 06/11/01 424 08/15/02 NIC 102.2060 1,000,000.00 1,022,060.00 90,000.00 1,090,000.00 4.06% 8.000% 19,333.33 BancOne 22,060.00 501 1,020,000.00 1.71% 7.23 FH LMC 3134A3T48 08/11/01 484 10/15/02 NIC 102.7118 1,000,000.00 1,027,118.13 93,750.00 1,093,750.00 4.15% 6.250% 9,722.22 FSW 27,118.13 501 1,024,843.75 1.70% 8.22 FNMA 31354FGD7 06/12101 510 11/12/02 N/C 102.5350 500,000.00 512,680.00 47,100.00 547,100.00 4.41% 5.280% 2,616.67 Merril 12,680.00 501 511,796.88 0.84% 4.30 FHLB 3133MOOVO 01/16MI 900 07/18/03 07/16/01 100.0000 1,000,000.00 1,000,000.00 150,000.00 1,150,000.00 6.00% 6.000% 0.00 Banc One 0.00 0.00 501 1,000,937.50 1.64% 14.74 Subtotal 6,984,017.79 6,998,492.18 566,476.75 7,510,627.79 56,414.24 8,560.01 63,236.13 subtotal 7,039,735.84 11.55% 51.16 Fund 502-MS CIP LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 502 0.00 0.00% 0.00 FGIC WA 100.0000 191,426.08 191,426.08 191,426.08 4.08% FGIC 502 191,426.08 0.31% 0.00 Tempt) WA 100.0000 1,503,894.04 1,503,694.04 1,503,894.04 4.08% Texpod 602 1,603,894.04 2.46% 0.00 FMAC 313397LC3 0126101 217 08/31/01 97.0283 1,000,000.00 970,283.06 29,716.94 1,000,000.00 5.13% 1ST Union 502 993,696.87 1.59% 3.45 FHLB 313395TES 06/11/01 273 03/14/02 NIC 101.7600 400,000.00 407,040.00 25,600.00 425,600.00 4.01% 6.400% 6,186.67 Merrill 7,040.00 502 407,250.00 0.68% 1.85 SubWW 3,095,320.12 3,072,643.17 55,316.94 3,120,920.12 6,186.67 0.00 7,040.00 subtotal 3,096,266.79 5.04% 5.29 Fund 505 W&W Ingaq Fees LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 505 0.00 0.00% 0.00 FGIC WA 100.0000 21,501.57 21,501.57 0.00 21,501.57 4.08% FGIC 505 21,601.57 0.04% 0.00 FNMA 313569.107 02/07/01 169 0726/01 97.6763 500,000.00 488,381.25 11,618.75 500,000.00 5.14% FSW 505 498,663.89 0.80% 1.35 FFCB 31331RA21 1221/00 263 09/14/01 99.5000 250,000.00 248,750.00 13,125.00 263,125.00 5.95% 5.250% 3,536.46 Banc One 1,250.00 505 250,648.88 0.41% 1.09 FHLB 3133MOYDO 01/12101 159 1221101 100.5630 500,000.00 502,815.00 14,687.50 514,687.50 5.25% 5.875% 1,713.54 Duncan 0.00 2,815.00 505 504,843.75 0.83% 1.31 Subtotal 1.271,501.57 1,261,447.82 39,431.25 1,299,314.07 5,250.00 1,250.00 2,815.00 subtotal 1,275,556.08 2.07% 3.75 Fund 5064V3S Debt Sella LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 506 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 Fund 507-W&S Emergency LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 507 0.00 0.00% 0.00 FNMA 31364K202 0221/01 360 0221/02 0821/01 100.0000 500,000.00 500,000.00 26,250.00 526,250.00 5.25% 5.250% FSW 507 501,093.75 0.82% 2.95 Subtotal 500,000.00 500,000.00 26,250.00 526,250.00 subtotal 501,093.75 0.82% 2.95 Fund 5084astewater Impact Fees LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 508 0.00 0.00% 0.00 FGIC WA 100.0000 161,069.80 161,069.80 161,069.80 4.20% FGIC 508 161,069.80 0.26% 0.00 Te0000 WA 100.0000 100,712.20 100,712.20 100,712.20 0.00% Texpool 508 100,712.20 0.16% 0.00 FNMA 313589KE2 0223/01 167 08/09/01 97.7687 200,000.00 195,537.39 4,482.61 200,000.00 4.99% 1ST Union 505 199,182.22 0.32% 0.53 Subtotal 461,782.00 457,319.39 4,462.61 461,782.00 0.00 0.00 0.00 subtotal 460,964.22 0.75% 0.53 Fund 51043ratrage LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 510 0.00 0.00% 0.00 FGIC WA 100.0000 148,409.49 146,409.49 146,409.49 4.08% FGIC 510 146,409.49 0.24% 0.00 FNMA 313569.1130 0721/00 357 07/13/01 93.6833 400,000.00 374,653.00 25,347.00 400,000.00 6.80% Merrill 510 399,465.56 0.61% 2.19 FNM 313589KE2 0223101 167 08/09/01 97.7687 100,000.00 97,768.89 2,231.31 100,000.00 4.99% IST Union 510 99,591.11 0.16% 0.27 FNMA 313589PE7 02/02/01 284 11/13/01 96.2528 100,000.00 96,252.78 3,747.22 100,000.00 4.96% Merrill 510 98,617.33 0.16% 0.45 FNMA 3135863E7 06/14/01 237 02/11/02 WC 102.1701 90,000.00 91,953.08 8,750.00 96,750.00 4.11% 7.500% 2,306.25 FSW 1,953.08 510 91,940.63 0.15% 0.37 Subtefal 836,409.49 807,037.05 38,075.53 843,159.49 2,306.25 0.00 1,953.08 subtotal 836,024.12 1.33% 3.27 Fund 5114)rairage CIP LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 511 0.00 0.00% 0.00 FGIC WA 100.0000 320,493.07 320,493.07 0.00 320,493.07 4.08% FGIC 511 320,493.07 0.52% 0.00 Subtotal 320,493.07 320,493.07 0.00 320,493.07 0.00 0.00 0.00 subtotal 320,493.07 0.52% 0.00 Fund 520-Recreation Classes LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 520 0.00 0.00% 0.00 FGIC WA 100.0000 148,915.79 148,915.79 0.00 146,915.79 4.08% FGIC 520 146,915.79 0.24% 0.00 Subtotal 146,915.79 146,915.79 0.00 146,915.79 0.00 0.00 0.00 subtotal 146,915.79 0.24% 0.00 city a Eutos . Imesbnerit by As a June 30.20' Investment Type Institution LOGIC Local Goth Pool FNMA Fed.NaCl Mon.Assoc. FMAC Fed.Home Loan Mort Corp IST Union First Union Securities FSW First Southwest LOGIC Local Gov't Investment Coop. FDIC Money Market pool FFCB Fed.Farts Credit Bank CD Certificates of Deposit Vnnp Vining Sparks Mento Merrill Lynch FGIC Financial Investors Trust Texpoo Local Gov't Pod FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Im. Cusp purchase Term Maturity can Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of I= !Number Qft IInffiY6:Dft Qm Per 5100 Vkhm (Prin-On H1 Ob mary Int_®Mat Y MatudhC Sate Purchased last D iscouDl Premium Fund YAIUA Portfolio fd6bd Fund 521,Arbor Daze LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 521 0.00 0.00% 0.00 FGIC WA 100.0000 231,761.99 231,781.99 0.00 231,761.99 4.08% FGIC 521 231,761.99 0.38% 0.00 Subs 231,761.99 231,761.99 0.00 231,761.99 0.00 0.00 0.00 subtotal 231,761.99 0.38% 0.00 Fund 530Satball World-Operating LOGIC WA 100.0000 0.00 0.00 O.00 0.00 4.20% LOGIC 530 0.00 0.00% 0.00 FGIC WA 100.0000 89,223.67 89,223.67 0.00 89,223.67 4.08% FGIC 530 89,223.67 0.15% 0.00 TWWW WA 100.0000 302,767.74 302,767.74 0.00 302,767.74 4.08% Texpool 530 302,767.74 0.50% 0.00 CD 0423tOl 365 0423/02 100.0000 5,000.00 5,000.00 0.00 5,000.00 4.00% 4.000% Landmark 530 5,000.00 0.01% 0.03 Subtotal 396,991.42 396,991.42 0.00 396,991.42 0.00 0.00 0.00 subtotal 398.991.42 0.65% 0.03 Fund 531-Softball Wcdd-CIP 6 Debt LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 531 0.00 0.00% 0.00 Fund 540-Go"Count LOGIC WA 100.0000 0.00 0.00 0.00 4.08% LOGIC 540 0.00 0.00% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 4.08% Texpool 540 0.00 0.00% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 4.08% FGIC 540 0.00 0.00% 0.00 FNMA 31359MM 09007/00 398 10/15/01 97.7656 50,000.00 48,882.81 3,468.75 53,468.75 6.75% 4.625% 912.15 Merrill 1,117.19 540 50,132.81 0.08% 0.32 FHLMC 3134A2ZJ0 09/07/00 457 12/14/01 97.5859 50,000.00 48,792.97 3,562.50 53,562.50 6.76% 4.750% 540.97 Merrill 1,207.03 540 50.218.75 0.08% 0.37 Subtotal 100,000.00 97,675.78 7,031.25 107,031.25 1,453.12 2,324.22 0.00 subtotal 100,351.56 0.16% 0.69 Fund 541401f CIP TWOW WA 100.0000 1,254,178.85 1,254,178.85 0.00 1,254,178.85 0.00% Texpool 541 1,254,178.85 2.05% 0.00 Fran 550*adm at Texas Star Texpoo WA 100.0000 40,284.88 40,284.88 0.00 40,284.88 4.20% Texpool 550 40,284.88 0.07% 0.00 Fund 552-Phase n A1hlstic Complex LOGIC WA 100.0000 0.00 0.00 0.00 0.00 4.20% LOGIC 552 0.00 0.00% 0.00 FGIC WA 100.0000 51,361.15 51,361.15 0.00 51,361.15 4.08% FGIC 552 51,361.15 0.08% 0.00 Subtotal 51,361.15 51,361.15 0.00 51,361.15 0.00 0.00 0.00 subtotal 51,361.15 0.08% 0.00 Fund 501-Equlpmern Replacement LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 601 0.00 0.00% 0.00 FGIC WA 100.0000 69,446.93 89,446.93 89,446.93 4.08% FGIC 601 89,446.93 0.15% 0.00 Texpoo WA 100.0000 100,964.66 100,964.68 100,954.66 4.08% Texpool 601 100,964.66 0.17% 0.00 FNMA 3135091KE2 0223101 167 08/09/01 97.7687 500,000.00 486,843.47 11,156.53 500,000.00 4.99% 1ST Union 601 497,955.56 0.80% 1.34 Subtotal 690,411.59 679,255.06 11,156.53 690,411.59 0.00 0.00 0.00 Subtotal 688,367.14 1.11% 1.34 Fund 5lgansuranee LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 610 0.00 0.00% 0.00 FGIC WA 100.0000 16,130.21 16,130.21 16,130.21 4.08% FGIC 810 16,130.21 0.03% 0.00 TGMW WA 100.0000 45,452.75 45,452.75 45,452.75 4.08% Texpool 810 45,452.75 0.07% 0.00 FMAC 312923CU7 01/1=1 540 07/18/02 04/18/01 100.0000 300,000.00 300,000.00 23,940.00 323,940.00 5.32% 5.320% 1ST Union 610 302,531.25 0.49% 2.65 sublofol 361,582.97 361,582.97 23,940.00 385,522.97 subtotal 364,114.22 0.59% 2.65 Fund 6154tisk Management LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 615 0.00 0.00% 0.00 FGIC WA 100.0000 45,846.62 45,846.82 45,846.82 4.08% FGIC 615 45,846.82 0.08% 0.00 Toon WA 100.0000 338,943.46 338,943.48 336,943.46 4.08% Texpool 615 338.943.46 0.55% 0.00 FNMA 31364CD21 06/06/01 302 04/10/02 NIC 102.3470 200.000.00 204,694.00 13,750.00 213,750.00 3.90% 6.875% 2,184.67 Merrill 4,694.00 615 204,125.00 0.34% 1.02 Subtotal 564,790.29 589,484.29 13,750.00 598,540.29 2,164.67 0.00 4,694.00 subtotal 588,915.29 0.97% 1.02 Fund 705-Dallas Stan Escrow Reserve Twgm WA 100.0000 2,080,221.26 2,080,221.26 2,080,221.26 4.20% Texpool 705 2,080,221.26 3.41% 0.00 Fund 710-FW DEA Task Force Trust and Agency LOGIC WA 100.0000 0.00 0.00 0.00 4.20% LOGIC 710 0.00 0.00% 0.00 TOTAL 61,109,103.87 60,876,400.86 2,121,249.43 62,885,952.23 199,764.62 19,982.20 137,460.16 TOTAL 61,181,314.11 100.00% 217.71 clev a schedule ses , For Ap MlVeefulw TVIN Instltutlon LOGIC Locel Go-A Pool FNMA Fed.NaCl Mort Assoc. FHLB Fed.Home Loan Bank FGIC Finanadat Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money MIN pool FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. Vininp Vininp Sparks Merrill Merrill Lynch LOGIC Local Govt Investment Cooperative SLMA Student Loan Mort Assoc. TNOTE Treasury Note CD Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Cost Accrued Total P+I(� Inv. Cusip Purchase Term Maturity Call Price Par Book Value Interest Total Yield To Coupon Interest Seller Mary Net of Total Cost MM Number QM (in daysl Qom Bete Per 5100 Value (Prin Only db maty( Pdn+Int Maturity Bdte Purchased 101iL Discoun Premium Fimtl Prem.Disc&Int Pr of Invegtm@p{ Texpool 04/03/01 100.0000 80,784.44 80,784.44 0.00 80,784.44 5.21% Texpool 402 80,784.44 80,784.44 FGIC 04105101 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 5.14% FGIC various 1,000,000.00 1,000,000.00 FGIC 04/06MI 100.0000 500,000.00 600,000.00 0.00 500,000.00 5.13% FGIC various 500,000.00 500,000.00 FGIC 04/12/01 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.05% FGIC various 500,000.00 500,000.00 Texpool 04/12/01 100.0000 1,500,000.00 1,600,000.00 0.00 1,500,000.00 5.08% Texpool various 1,500,000.00 1,50.000.00 CD 0423/01 365 04/23/02 n/c 100.0000 5,000.00 5,000.00 0.00 5,000.00 4.00% 4.0000% Landmark 530 5,000.00 5,000.00 FGIC 0426101 100.0000 1,500,000.00 1,600,000.00 0.00 1,500,000.00 4.52% FGIC various 1,500,000.00 1,500,000.00 Tsvool 0427/01 100.0000 500,000.00 500,000.00 0.00 500,000.00 4.71% Texpool various 500,000.00 500,000.00 TOTALS; 5,585,784.44 5,585,784.44 0.00 5,585,784.44 4.86% 0.00 0.00 0.00 5,585,784.44 5,585,784.44 LOGIC DIVIDENDS REINVESTED 0.00 0.00 TEXPOOL DIVIDENDS REINVESTED 49,604.82 49,604.82 FGIC DIVIDENDS REINVESTED 17,725.19 17,725.19 �of Ma Schedule es For Ylvestrllent Type Institution LOGIC Local GwA pool FNMA Fed.NaCl Mort.Assoc. FHLB Fed.Home Loan Bank FGIC Financial Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money Mxket Pod FFCS Fed.Farrn Credit Bank FMAC Fed.Home Loan Mort.Corp. Vining Vining Sparks Merrill Merrill Lynch LOGIC Local Gov't Investment Cooperative SLMA Student Loan Mort.Assoc. TNOTE Treasury Note CD Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Cost Accrued Total P+I go Inv. Cuelp Purchase Term Maturity Call Price Par Book Value Interest Total Yield To Coupon Interest Seller Maty Net of Total Cost mm Nurnhar Q2M (in days Dam pa(a Per 5100 Value (Pdn.Only 1 db mary Priv+i0l Maturl $310 Purchased Jn3L Discoun Premjum Euod Prem.Disc 8 Int Pr of Investment TsKwol 06/01/01 100.0000 80,784.44 80,784.44 0.00 80,784.44 4.72% Texpool 402 80,784.44 80,784.44 Texpool 05/01101 100.0000 2,000,000.00 2,000,000.00 0.00 2,000,000.00 4.72% Texpool various 2,000,000.00 2,000,000.00 TWOW 05102/01 100.0000 620,000.00 620,000.00 0.00 620,000.00 4.67% Texpool various 620,000.00 620,000.00 FMAC 3134A2ZJ0 05104/01 220 12/14101 n/c 100.3843 500,000.00 501,921.25 23,750.00 525,671.25 4.10% 4.750% 9,170.14 Duncan 1,921.25 240 514,579.86 511,091.39 FHLB 3133M7DR4 05104/01 258 0122102 Mc 100.5217 500,000.00 602,608.65 24,375.00 526,983.65 4.12% 4.875% 6,906.25 Duncan 2,608.65 101 517,468.75 509,514.90 FHLB 3133M4Y09 05/07101 1133 0728/04 0728/01 100.3125 400,000.00 401,250.00 84,420.00 485,670.00 4.55% 6.030% 6,633.00 FSW 1,250.00 101 477,787.00 407,883.00 FMAC 313313NX2 05/08'01 182 11/06/01 Mc 98.0637 500,000.00 490,318.61 9,681.39 500,000.00 3.96% Merrill 240 500,000.00 490,318.61 FHLMC 312923ZU2 05108/01 360 05108/02 11/08/01 100.0000 1,200,000.00 1,200,000.00 51,840.00 1,251,840.00 4.32% 4.320% Banc One 101 1,251,840.00 1,200,000.00 FGIC 05109101 100.0000 1,300,000.00 1,300,000.00 0.00 1,300,000.00 4.54% FGIC various 1,300,000.00 1,300,000.00 FMAC 312923YX7 05/10101 900 11/10/03 08/10/01 100.0000 1,000,000.00 1,000,000.00 126,750.00 1,126,750.00 5.07% 5.070% JWG 240 1,126,750.00 1,000,000.00 FHLB 3133MES44 05111101 990 02/11/04 02/11/02 100.0000 1,000,000.00 1,000,000.00 138,050.00 1,138,050.00 5.02% 5.020% Banc One 102,103 1,138,050.00 1,000,000.00 FMAC 312923A21 05114/01 720 05/14/03 05/14/02 100.0000 1,000,000.00 1,000,000.00 94,000.00 1,094,000.00 4.70% 4.700% Vining 101 1,094,000.00 1,000,000.00 FGIC 05/17/01 100.0000 750,000.00 760,000.00 0.00 750,000.00 4.35% FGIC various 750,000.00 750,000.00 FGIC 0522101 100.0000 11,390,348.86 11,390,348.86 0.00 11,390,348.86 4.25% FGIC various 11,390,348.86 11,390,348.86 FHLB 3133MEZX2 0525101 900 1125/03 0225/02 100.0000 125,000.00 125,000.00 11,950.00 136,950.00 4.78% 4.780% FSW 101 136,950.00 125,000.00 TOTALS: 22,366,133.30 22,362,231.81 564,816.39 22,927,048.20 4.52% 22,709.39 0.00 5,779.90 22,898,558.91 22,384,941.20 LOGIC DIVIDENDS REINVESTED 0.00 0.00 TEXPOOL DIVIDENDS REINVESTED 57,862.10 57,862.10 FGIC DIVIDENDS REINVESTED 31,614.60 31,614.60 Ckv a Jun Schedule ses For It yestim Type Institution LOGIC Local Govt Pool FNMA Fed.Nall Mort Assoc. FHLB Fed.Home Loan Bank FGIC Finanadal Investors Trst FSW First Southwest LNDMRK Landmark Bank , FDIC Money Merkel Pod FFCB Fed.Farts Credit Bank FMAC Fed.Home Loan Mor.Corp. Vining Vining Sparks Merrill Merrill Lynch LOGIC Local Govt Investment Cooperative SLMA Student Loan Mod Assoc. TNOTE Treasury Note CD Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Cost Accrued Total P+I Inv. Crrolp Purchase Tenn Maturity Call Price Par Book Value Interest Total Yield To Coupon Interest Seller Maly Net of Total Cost I= Number CM (In days) Date DAM Per 5100 YAiufk fPrin_Only lid Prin+Int apt Hate Purchased JUL Discount Premium Fund Prem.Disc E Int Pi Qunvesti int Texpool 06/05/01 100.0000 80,784.44 80,784.44 0.00 80,784.44 4.28% Texpool 402 80,784.44 80,784.44 FHLB 3133WDR4 06/07/01 225 01/22/02 N/C 100.5300 260,000.00 261,378.00 12,675.00 272,675.00 4.00% 4.875% 4,753.13 Duncan 1,378.00 501 266,643.87 266,131.13 FNMA 31364CD21 08108101 302 04/10/02 N/C 102.3470 200,000.00 204,694.00 13,760.00 213,750.00 3.90% 6.875% 2,184.67 Merrill 4,694.00 615 206,871.33 206,878.67 FNMA 31359MEN9 06/08/01 277 03/15/02 N/C 101.1010 500,000.00 505,505.00 26,875.00 526,875.00 3.90% 5.375% 6,196.18 Merrill 5,505.00 240 515,173.82 511,701.18 FGIC 06/0&01 100.0000 1,780,000.00 1,780,000.00 0.00 1,780,000.00 4.13% FGIC various 1,780,000.00 1,780,000.00 FHLMC 3134A3T48 08/11/01 484 10/15102 N/C 102.7118 1,000,000.00 1,027,118.13 93,750.00 1,093,750.00 4.15% 6.250% 9,722.22 FSW 27,118.13 501 1,056,909.65 1,036,840.35 FHLB 3133MACZD 06/11/01 514 11/15/02 N/C 102.7630 1,000,000.00 1,027,630.00 93,750.00 1,093,750.00 4.23% 6.250% 4,513.89 Vining 27,630.00 101 1,061,606.11 1,032,143.89 FHLB 3133M9FE7 06111/01 424 08/15/02 N/C 102.2060 1,000,000.00 1,022,060.00 90,000.00 1,090,000.00 4.06% 6.000% 19,333.33 BancOne 22,060.00 501 1,048,606.67 1,041,393.33 FHLB 313395TE5 00111/01 273 03/14/02 N/C 101.7600 400,000.00 407,040.00 25,600.00 425,600.00 4.01% 6.400% 6,186.67 Merrill 7,040.00 502 412,373.33 413,226.67 FHLB 3133M5YKO 06/11/01 484 10/15102 N/C 100.6590 600,000.00 503,295.00 35,062.50 535,062.50 4.16% 4.675% 3,636.11 BancOne 3,295.00 301 528,131.39 506,931.11 FNMA 31354FGD7 06/12/01 510 11/12102 N/C 102.5360 500,000.00 512,680.00 47,100.00 647,100.00 4.41% 6.280% 2,616.67 Merrill 12,680.00 501 531,803.33 515,296.87 FNMA 31359WE7 06/14/01 237 02/11/02 N/C 102.1701 90,000.00 91,953.08 6,750.00 96,750.00 4.11% 7.500% 2,306.25 FSW 1,953.08 510 92,490.67 94,259.33 FNMA 31364AXY3 06/14101 627 03/11/03 N/C 102.6702 97,000.00 99,690.13 12,787.83 109,787.83 4.39% 6.000% 2,651.33 FSW 2,590.13 301 104,546.37 102,241.46 FGIC 06/15/01 100.0000 1,187,500.00 1,187,500.00 0.00 1,187,500.00 4.09% FGIC various 1,187,500.00 1,187,500.00 Texpool 06/15/01 100.0000 1,187,600.00 1,187,600.00 0.00 1,187,500.00 4.30% Texpool various 1,187,500.00 1,187,500.00 FGIC 06/18101 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 4.08% FGIC various 1,000,000.00 1,000,000.00 Tyipool 06/19/01 100.0000 350,000.00 350,000.00 0.00 350,000.00 4.20% Texpool various 350,000.00 350,000.00 FHLB 3133MFME5 0828/01 360 06128/02 0928101 100.0000 1,000,000.00 1,000,000.00 41,000.00 1,041,000.00 4.10% 4.100% 0.00 JWG 0.00 325 1,041,000.00 1,000,000.00 FHLB 3133MFOB7 0828101 360 06/28/02 0928/01 100.0000 1,000,000.00 1,000,000.00 40,300.00 1,040,300.00 4.03% 4.030% 0.00 JWG 0.00 240 1,040,300.00 1,000,000.00 TOTALS: 13,132,784.44 13,248,727.78 539,400.33 13,672,184.77 4.13% 64,100.45 0.00 115,943.34 13,492,140.98 13,312,828.23 LOGIC DIVIDENDS REINVESTED 0.00 0.00 TEXPOOL DIVIDENDS REINVESTED 47,977.56 47,977.66 FGIC DIVIDENDS REINVESTED 54,406.23 54,406.23 city owft Schedukties For Ap wean no Type Institution LOGIC Local Gov't pool FNMA Fed.Nall Mom Assoc. FHLB Fed.Home Loan Bank FGIC Financial Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money Market Pad FFCB Fed.Farts Credit Bank FMAC Fed.Home Loan Mort.Corp. Vining Vining Sparks Merrill Merrill Lynch LOGIC Local Gov't Investment Cooperative SLMA Student Loan Mom Assoc. TNOTE Treasury Note CD Cerlifkate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Term to Cost Accrued Total P+I Inv. Cuslp Purchase Mary/Call Maturity can Price Par Book Value Interest Total Pdn.+ Yield To Coupon Interest Seller Maty or call Net of Total Cost MM Barbar Qat (in daysi Dg DAM Per 5100 Yahm (Prin_Only! Int.®Mary Maturl Bale Purchased 10sL Discount Premium Eyed Prem 6 Int Pur of Investment FNMA 31354GOA0 01/17101 367 01/24/02 04102M1 99.8750 500,000.00 499,375.00 40,050.00 540,050.00 5.47% 5.340% 12,830.83 Merrill 625.00 101 527,219.17 512,205.53 FMB 3133MSR77 01/13/00 622 10/05101 04/05/01 98.1560 500,000.00 490,780.00 55,930.00 555,930.00 6.73% 5.593% 7,612.69 FSW 9,220.00 0.00 101 548,317.31 498,392.69 FHLB 3133M9YK2 02/04100 422 04106M1 Mc 99.3438 500,000.00 496,718.75 45,150.00 545,150.00 6.60% 6.020% 9,866.11 Merrill 3,281.25 501 535,283.89 506,584.86 FHLB 3133M5US4 1227/00 642 10/09/02 04109/01 99.2800 100,000.00 99,280.00 11,160.00 111,160.00 6.01% 5.580% 1,209.00 Banc One 720.00 505 109,951.00 100,489.00 FNMA 313589EFO 10/13/00 181 04/12/01 Mc 96.8426 1,000,000.00 968,425.56 31,574.44 1,000,000.00 6.57% Merrill 240 1,000,000.00 968,425.56 FNMA 313589EF6 10/16/00 178 04/12101 n/c 96.9048 500,000.00 484,523.89 15,476.11 500,000.00 6.55% FSW 240 500,000.00 484,523.89 TEXPOOL 04/18M1 100.0000 350,000.00 350,000.00 0.00 350,000.00 5.05% Texpool various 350,000.00 350,000.00 FHLB 313385EP7 0420/00 357 0420/01 n/c 93.8021 500,000.00 469,010.42 30,989.58 500,000.00 6.65% MERRILL 508 500,000.00 469,010.42 Co 0423/00 365 0423/01 n/c 100.0000 5,000.00 5,000.00 0.00 5,000.00 5.50% 5.5000% Landmark 530 5,000.00 5,000.00 FNMA 31364KMO9 0428100 358 0426MI Mc 99.9420 500,000.00 499,710.00 32,850.00 532,850.00 6.63% 6.570% 182.50 JWG 290.00 501 532,667.50 499,892.50 FHLB 3133MBFr12 08/09/00 257 0428101 n/c 99.9280 500,000.00 499,640.00 32,500.00 532,500.00 6.59% 6.500% 9,298.61 BancOne 360.00 240 523,201.39 508,938.61 FHLB 3133M7ER3 10/13/00 284 0727/01 0427/01 99.1303 500,000.00 495,651.39 26,875.00 526,875.00 6.51% 5.375% 5,673.61 Duncan 4,348.61 530,501 521,201.39 501,325.00 FHLB 3133M7ER3 10/16/00 281 0727/01 0427/01 99.1490 500,000.00 495,745.00 26,875.00 526,875.00 6.50% 5.375% 5,897.57 FSW 4,255.00 305 520,977.43 501,642.57 TOTAL 5,955,000.00 5,853,860.00 349,430.14 6,226,390.00 6.26% 52,570.92 23,099.86 0.00 6,173,819.08 5,906,430.92 city of Schedules Form Institution LOGIC Local Gov't Pool FNMA Fed.Nall Mort As we. FHLB Fed.Home Loan Bank FGIC Finanadal Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Milrorket y MaPad FFCB Fed.Farts Credit Bank FMAC Fed.Home Loan Mort Corp. VINK Vining Sparks Merrill Merrill Lynch LOGIC Local Govt Investment Cooperative SLMA S4rdeM Loan Mort Assoc. TNOTE Treasury Note CD CeW=te of Deposit SANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Terra to Coat Accrued Total P+I Inv. Cusip purcime Maty/Call Maturity Can Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Maty or all Net of Total Cost 1M NIS go (in d2V8) Do Data Par 5700 yip (Prn.Only IM matIVICall Int Ob Maty MalygQt $affi Purchased JOEL Discount P1EroWm Eund Prem&Int Pur. of Investment FHLB 3133M0M 0223101 605 10/25/02 05/01/01 100.0000 500,000.00 500,000.00 55,000.00 555,000.00 5.49% 5.500% 8,784.72 Banc One 101 546,215.28 508,784.72 FMB 3133M6BF4 11/04/98 900 05/04/01 n/c 100.0000 1,000,000.00 1,000,000.00 128,000.00 1,128,000.00 5.12% 5.120% Everen 102&103 1,128,000.00 1,000,000.00 FMB 3133MOB23 02/12/01 623 11/05/02 05/05/01 99.9250 800,000.00 799,400.00 80,400.00 880,400.00 5.07% 5.025% 10,831.67 Banc One 600.00 501 869,568.33 810,231.67 FMB 313385FGO 05/12/00 360 05/07/01 Mc 93.4100 750,000.00 700,575.00 49,425.00 750,000.00 7.03% Merrill 101 750,000.00 700,575.00 FGIC 05/08/01 100.0000 1,200,000.00 1,200,000.00 0.00 1,200,000.00 4.56% FGIC various 1,200,000.00 1,200,000.00 FGIC 05/10/01 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 4.52% FGIC various 1,000,000.00 1,000,000.00 FDIC 05114/01 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 4.43% FGIC various 1,000,000.00 1,000,000.00 FNMA 31364KNK2 05/17/00 360 05/17/01 n/c 99.9350 1,000,000.00 999,350.00 70,000.00 1,070,000.00 7.07% 7.000% 0.00 Banc One 650.00 101 1,070,000.00 999,350.00 Tw"d 0522101 100.0000 1,340,451.00 1,340,451.00 0.00 1,340,451.00 4.36% Texpool various 1,340,451.00 1,340,451.00 FGIC 05/31/01 100.0000 300,000.00 300,000.00 0.00 300,000.00 4.12% FGIC various 300,000.00 300,000.00 TOTAL 8,890,451.00 8,839,776.00 382,825.00 9,223,851.00 5.18% 19,616.39 1,250.00 0.00 9,204,234.61 8,859,392.39 SchedFoule ties w r Jun .c., 1 Mrvea4ltarKTYM Institution s LOGIC Local GOVt Pool FNMA Fed.Nat1 Mort.Assoc. FHLB Fed.Home Loan Bank FGIC Financial Investors Trsl FSW First Southwest LNDMRK Landmark Bank FDIC Mortstr Market Pool FFCB Fed.Farts Credit Bank FMAC Fed.Home Loan Mort.Corp. Vining Vlnhlg Sparks . Merrill Merrill Lynch LOGIC Local Gott Investment Cooperative SLMA Student Loan Mart Assoc. TNOTE Treasury Note CD Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Term to Cost Accrued Total P+I Inv. Cusip Purchase Mary(Call Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Mary or call Net of Total Cost T= Number D81t (in days l Dale Data Per St W yAyg (Prin.Only 01)matY/Call Int 0 Maty Maturity $ata Purchased inaL Discount Premium Eund Prem R Int Pur. of Investment FGIC 05/0S/01 100.0000 400,000.00 400,000.00 0.00 400,000.00 4.15% FGIC various 400,000.00 400,000.00 FHLB 3133MOGHO 03106/01 380 03/06/02 06/06MI 100.0000 1,000,000.00 1,000,000.00 51,300.00 1,051,300.00 5.13% 5.130% 0.00 JWG 0.00 301,615 1,051,300.00 1,000,000.00 FGIC 06/11/01 100.0000 3,000,000.00 3,000,000.00 0.00 3,000,000.00 4.08% FGIC various 3,000,000.00 3,000,000.00 Texpool 06/11/01 100.0000 1,050,000.00 1,050,000.00 0.00 1,050,000.00 4.30% Texpool various 1,050,000.00 1,050,000.00 Texpool 08112/01 100.0000 500,000.00 500,000.00 0.00 500,000.00 4.29% Texpool various 500,000.00 500,000.00 Texpool 06/13/01 100.0000 952,022.65 952,022.65 0.00 952,022.65 4.31% Texpool various 952.022.65 952,022.65 FGIC 06/14/01 100.0000 250,000.00 250,000.00 0.00 250,000.00 4.08% FGIC various 250,000.00 250,000.00 FHLB 31331LDGO 03/14/01 720 03/14/03 08/14/01 99.9688 500,000.00 499,843.75 52,400.00 552,400.00 5.26% 5.240% 0.00 FSW 156.25 501 552,400.00 499,843.75 FHLMC 3134A311O7 10/13100 242 06115/01 n/c 99.5000 1.000,000.00 995,000.00 57,500.00 1,057,500.00 6.51% 5.750% 18,847.22 BancOne 5,000.00 325 1,038,652.78 1,013,847.22 FMAC 3134A3W7 122100 174 06115/01 n/c 99.8329 800,000.00 798,863.47 23,000.00 823,000.00 6.10% 5.750% 766.67 FSW 1,336.53 101 822,233.33 799,430.14 FHLB 313385HA7 1221/00 179 06/18/01 n/c 97.1211 1,000,000.00 971,210.83 28,789.17 1,000,000.00 6.04% BancOne - 240 1,000,000.00 971,210.83 FHLB 3133MDSFI 03/19MI 450 06/19/02 06/19/01 100.0000 1,000,000.00 1,000,000.00 62,937.50 1,062,937.50 5.04% 5.035% 0.00 Vining 0.00 501 1,062,937.50 1,000,000.00 FHLB 3133M4RX3 04/19/00 423 0622/01 n/c 98.8870 250,000.00 247,217.50 21,037.50 271,037.50 6.60% 5.610% 4,558.13 Banc One 2,782.50 508 266,479.37 251,775.63 FGIC 0628/01 100.0000 2,000,000.00 2,000,000.00 0.00 2,000,000.00 4.03% FGIC various 2,000,000.00 2,000,000.00 TOTAL 13,702,022.65 13,663,958.21 296,964.17 13,970,197.65 4.99% 24,172.02 9,275.28 0.00 13,946,025.63 13,688,130.23 � ' !#■■■�■■r;■_■;:■■■■aqn■s�;■#��*m■�■■,■r,■,■s « | ` ■ � ■ ■ BE k ■■ ! s ■ ■ 2 | | § ■ ■ | ■ ■ # # | k � ■ ! � { � I | ¥ ¥ � . � ■ K k � ! ! ■ ■ ■ § ■ ■ ■ 2 # § # # ■ ■ � � � 2 a e 2 | | | & | . 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