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FY 2003 First Quarter Investment Report
cj ,v O-f Euless Fiat, Quaiater In s ostment B,"poH F5s<<LI Yva-r End7ug September 30, 2/N/.3 t, INVESTMENT COMMITTEE MEETING C) April 3, 2003 • Compliance Summary-Legislative Requirements * First Quarter Review, Fiscal Year 2003 Portfolio Summary Collateral Review Interest Income Projection * Economic Outlook * Broker/Dealer Review and Approval * 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 December 31, 2002 * General Discussion or Questions To Investment Committee Members From Vicki Rodriquez, Finance Administrator Date April 3, 2003 Subject Annual Investment Report The City of Euless Investment Policy, adopted by the City Council in January 2002, 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 first quarter of Fiscal Year 2002-03 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, 2001 in all aspects including reporting. The first quarter report of FY 2003 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 9/30/2002, changes in market value, the market value at 12/31/2002, 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 Cssume dequaba|iquiddyondoafety. This has been accomplished bypurchasing high quality recurities 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 nf6Ubm8Odays. These funds include: 101 General Fund 501 VVater&Sewer Fund 201 Hotel-Motel Tax Fund 510 Drainage Utility 21O1/2Cent Sales Tax-Operations 52URecreation Classes Fund 22OCrime Control&Prevention District 521 Arbor Daze Fund 23OPolice Drug'DEA Awards 530Softball World-Operations 231Police Drug'State Awards 54OGolf Course Operations 232Ft.Worth DEA Task Force 65OAthletic Complex operations 235 L0E8GO1/02 601 Equipment Replacement Fund 24OCar Rental Tax Fund S1OHealth Insurance Fund 615 Risk Management 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 Ap ndhmE). The stated final maturity dates ofthe securities should not exceed the estimated project completion date. These funds include: 301 Developer's Escrow Fund 502VVater&Gowmr-C|P 305 Streets&Droinag#-C|P 505 Water Impact Fees Fund 31O1/2Cent Sales Tem'C|P 508Wastewater Impact Fees Fund 320General Capital Projects Fund 511Drainage C|P 326 Police Facility Construction Fund 541 Golf Course C|P 330 Car Rental C|P 552 Athletic Complex C(P'Phosm U 0ebt Service Funds should assure adequate liquidity to cover the debt service obligation on the emuiredpaymerddmb*. These funds include: 4¢1 DobtQmnviom/Gmnena|Obligation 506 Water/Sewer Debt Service 4o2Star Center Debt Service 531 Softball World Debt Service 4181/2Cent Sales Tax-Debt Service -Emergency,Contingency,and Debt Service Reserve funds will have the ability to generate a ' dependable revenue stream bothe appropriate fund. The stated final maturity dates ofsecurities should not exceed five years(See Appendix E). These funds include: 102 General Fund-Emergency 587 VVatar&Sewer-Emergency Fund 103 General Fund-Contingency 512 Drainage Reserve 211 1/2Cent Sales Tax-Bond Reserve 7O5Star Center Bond Reserve Based on the above strategies,the investment portfolio reported herein is in compliance with the releva ovisions nfthe investment policy andthe Public Funds Investment Act. ' tti-Get eft Director of Fiscal dministrative Services Vicki Rodri4ulez Finance Administrator Summary of Investments by Fund gmThe following is a summary of investments held by each fund at September 30,2002 and December 31,2002. The changes include all vestment purchases, maturities and expenses that occurred during the first quarter of FY2003. Investment Securities Investment Securities Increase/ at Market Value at Market Value Decrease 09/30/02 12/31/02 In Fund 101 General Fund 6,548,733.09 7,040,010.36 491,277.27 Property tax Receipts 102 General Fund-Emergency 501,718.75 501,093.75 (625.00) 103 General Fund-Contingency 501,484.38 500,625.00 (859.38) 201 Hotel-Motel Tax Fund 175,877.60 176,526.03 648.43 210 1/2 Cent-Operations Fund 1,040,034.17 817,454.88 (222,579.29) Athletic Complex CIP 211 1/2 Cent-Debt reserve 950,218.00 953,510.21 3,292.21 220 CCPD 608,480.47 538,841.10 (69,639.37) Operating Expenses 230 Police Drug-DEA Awards 200,984.15 198,685.41 (2,298.74) 231 Police Drug-State Awards 10,740.28 10,777.50 37.22 232 Ft.Worth DEA Task Force 30,217.24 45,376.65 15,159.41 DEA funds 235 LLEBG 01/02 20,543.23 26,626.87 6,083.64 Excess Fund Balance 240 Car Rental Tax Fund 9,781,516.42 8,325,551.20 (1,455,965.22) Transfer out to CIP projects 301 Developer's Escrow Fund 1,650,108.22 1,220,322.37 (429,785.85) Transfer out to CIP projects 305 Streets&Drainage-CIP 8,232,084.16 8,407,377.50 175,293.34 Transfer in for CIP projects 310 1/2 Cent Sales Tax-CIP 346,070.51 377,499.95 31,429.44 Excess Fund Balance 320 General CIP Fund 109,086.15 24,369.58 (84,716.57) Capital Outlay-Bldg D 325 Police Facility CIP 226,822.09 26,915.02 '(199,907.07) Capital Outlay-PD 330 Car Rental CIP Fund 84,762.79 967,186.45 882,423.66 Transfer in for CIP projects 401 Debt Service/General 251,767.81 1,754,189.28 1,502,421.47 Property tax Receipts 402 Star Center Debt Service 110,376.39 356,027.34 245,650.95 Lease Payments. 501 Water&Sewer Fund 6,005,423.27 4,827,919.20 (1,177,504.07) Operating Expenses 502 Water&Sewer-CIP 3,396,833.09 3,452,938.88 56,105.79 Excess Fund Balance 505 Water Impact Fees 1,641,779.95 1,598,210.31 (43,569.64) Transfer to debt service 507 Water&Sewer-Emergency 501,093.75 502,500.00 1,406.25 508 Wastewater Impact Fees 833,587.19 986,551.13 152,963.94 Excess Fund Balance 510 Drainage Utility 611,936.21 569,425.69 (42,510.52) 511 Drainage-CIP 380,265.66 1,117,699.32 737,433.66 Transfer in for CIP projects 512 Drainage Reserve 231,119.00 231,119.00 0.00 520 Recreation Classes Fund 156,437.19 157,982.95 1,545.76 521 Arbor Daze Fund 229,041.36 179,809.70 (49,231.66) Operating Expenses - 530 Softball World Operations 535,853.22 538,117.33 2,264.11 540 Golf Course Operations 0.00 0.00 0.00 541 Golf Course CIP 149,008.89 149,641.29 632.40 550 Parks @ Texas Star 55,798.77 56,048.65 249.88 552 Athletic Complex CIP 142,353.46 1,575,359.27 1,433,005.81 Transfer in for CIP projects 601 Equipment Replacement 873,081.76 454,393.59 (418,688.17) Capital Outlay-fire truck 610 Health Insurance Fund 35,313.50 0.00 (35,313.50) Insurance Claims 615 Risk Management Fund 485,938.99 477,674.94 (8,264.05) 705 Star Center Reserve Fund .2,143,976.97 2,152,794.30 8,817.33 Interest a TOTAL: 49,790,468.13 51,297,152.00 1,506,683.87 • PORTFOLIO SUMMARY The City's pooled investment portfolio at the end of the first quarter, December 31,2002,is summarized by instrument and by 0 maturity as shown below. Distribution by Instrument Average %of Average Yield Instrument Type COST Portfolio Yield Last Qtr Agencies 25,848,841 50.44% 3.96% 4.68% Money Markets/Pools 25,392,295 49.55% 2.42% 3.42% Certificates of Deposit 5.000 0.01% 4.00% 4.00% $51,246,137 100.00% This table shows that the majority of City funds,approximately 50%are invested in money market funds and local government investment pools which provide a high level of safety and daily liquidity. An additional 50%of our funds are invested in government agencies,which also provide a high level of safety. As of the date of this report,the average yield on our portfolio was 2.59%. The Fed funds rate is currently at 1.25%. This is the lowest level in 30 years. Our average yield continues to drop as securities mature and funds are reinvested at lower rates. Distribution by Maturity #of Days Cost %of Portfolio 1 -30 $25,729,443 50.21% 31 -90 $1,018,116 1.99% 91 -180 $1,005,000 1.96% 181-365 $3,305,720 6.45% Over 365 $20,187,858 39.39% Total $51,246,137 100.00% This information reflects the current structure and strategy of the City's pooled portfolio. Approximately 54%of the portfolio is invested within the six month area. This strategy was followed to meet cashflow requirements for construction projects, payroll, debt service,and other operating expenses. An additional 7%matures within one year and the remaining 39% is invested beyond one year. Funds were invested beyond one year to take advantage of higher rates on the longer end of the yield curve. Currently the longest maturity in our portfolio is 3.5 years. We were able to comply with our investment policy by using emergency, contingency,and reserve funds for these longer investments. The average weighted maturity of our portfolio is currently 349 days, within our 365 day guideline. By Instrument By Maturity 0% 4 p ®Agencies 01-30 ®Treasuries 39% 031-90 50% 50% ®MMkts/Pool 51% 091-180 ■CD's VF®/ ®181-365 0% M Over 365 6%2 % City of Euless Pooled Portfolio Summary for Quarter Ending December 31, 2002 Cost Book Market Principal Only Value Value Investments at September 30,2002 $49,706,975.17 $49,630,030.96 $49,790,468.17 Investment Purchases 32,798,559.63 Investment Maturities (31,396,285.81) Dividends Reinvested(Pools) 80,110.69 Investments at December 31,2002 $51,189,359.68 $51,141,507.25 $51,297,152.01 L a etchell Director of Fiscal and Administrative Services Vicki Rodriquez Finance Administrator ^ � w Cash Management Activity Average 8ODay �r� TBill�eW Average City Basis Point �� Month (Benchmark) Portfolio Yield Difference | Oct 1.60% 2.78% 1.1896 ! Nov 1.3496 2.69Y& 1.4596 Dec 1.1996 2.5996 1.40Y6 The Fed cut rates another SObasis points during this quarter. This brought the total rate cuts boS2Sbasis points,since Januory 2001. These decreases are indicated above by the drop in the average portfolio yield.The average yield on our portfolio dropped 33basis points during the quarter. Month Invested Balance Cash Balance % Invested Oct $48.596.402.00 ($589.59$.0¢) 102S6 Nov $48.964.512.00 $271.926.00 100Y6 Dec $84,802.00 10X0% Average *49.602.383.67 ($77.757.00) 101% The City's investment program pursues maximum interest income revenues while maintaining safety and liquidity using the following strategy: -imn)ediabakydepomit all receipts,utilizing wire transfers,ACH.and couriers; 'slow down disbursement offunds using/*CH.wire transfers,ebz; 'oaohflmwforecasting bomeet estimated disbursements byeach fund; plan full investment of upcoming resources at their peak availability to maximize interest earnings and - bnnminimizecoohmttbebonk; 'purchase diversified investments and hold tomaturity - heapabrmastnfcun*ntmarhetemvinonmmntbzbenafithnmintemootrahe changes. 1% Invested 102.60% $400,000.00 102.00% $300.000.00 Oct Nov Dec Oct Nov Dec -- — • COLLATERAL REVIEW The 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 1213112002 Pledging Safekeeping Pledged Sec. Security Market Value Inv.Value Difference Institution Location Description Par Value (w/FDIC Ins.) 0 Mat'v(P&1) Over/(Under) Bank One $0 $100,000 $26,437 $73,563 $Mkt $0 DDA $26,437 Southtrust Bank Southtrust $1,500,000 $1,672,188 $1,047,926 $624,262 Safekeeping FHLMC Payroll $167,537 03/15/11 $500,000 Operating $880,389 FHl-MC 10/01/04 $1,000,000 Reproduced By: Finance Administrator Reviewed by: Director of Fiscal&Admin Srvcs OiZ7� 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 FY0I-02 Budget: $1,822,036 FY02-03 Budget $1,171,560 C) FY0I-02 Y-T-D: $1,373,117 FY02-03 Y-T-D: $149,189 Percent of Budget: 75% FY02-03 Projected: $1,020,958 Proj.%of Budget: 87.15% - The FY02-03 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 1213112002 Fund Fund FY 02 FY 02 *FY 03 FY 03 Cpns& Proj Proj Proj Int Name jgd�et Audit Bud et YTDInv Exist - - Accrual ReInv Income Difference*' 101 General $280.000 $274,681 $280,000 $19,705 $88,009 $30,618 $80,000 $218,332- r-(-$-6=1.668) 201 Hotel/Motel 8,000 4,305 7,000 648 0 0 $3,000 3,648 (3,352) 210 1/2 Cent-Ops 50,000 20,267 40,000 2,689 2,813 2,578 $10,295 18,375 (21,625) -211 1/2 Cent-Reserve 0 19,948 0 3,292 0 0 $12,000 15,292 15,292 220 Crime Control 15,000 11,213 15,000 2,798 0 0 $9,000 11,798 (3,202) 230 Euless DEA 5,000 3,004 5,000 701 0 0 $3,800 4,501 (499) 231 Police State Awards 0 215 0 37 0 0 $247 284 284 232 DEA Task 0 207 0 159 0 0 $100 259 259 233 LLEBG 99/00 _ 0 308 0 0 0 0 $0 0 0 234 LLEBG 01 0 329 0 0 0 0 $0 0 0 235 LLEBG 02 0 0 0 84 0 5- $500 584 584 240 Car Rental - 250,000 247,750 200,000 19,751 97,045 30,087 $24,000 170,882 (29,118) 301 Escrow 50,000 42,509 20,000 7,598 2,813 2,578 $7,000 19,989 11 305 Street CIP 346,862 222,650 140,000 M27�,O56 10,253 5,844 $75,000 118,153 (21,847) 0 310 112 Cent-CIP 3,798 15,799 2,000 429 0 0 $600 2,029 29 320 G.O.CIP 0 11,833 0 283 0 0 $200 483 483 325 Police Facility-CIP 111,538 (1 .863) 0 93 0 0 $0 93 93 330 Car Rental-CIP 73 (13,277) 0 358 7,289 0 1 $0 7,647 7.647 401 GO Debt 15,000 17,631 13,000 2,421 0 0 $10,000 12,421 1 (579) 402 Star Center Debt 10,000 5,941 6,000 1,023 0 0 $4,000 5,023 (977) 501 Wtr/Sewer 300,000 230,706 260,000 19,718 54,885 16,078 $90,000 180,681 (79,319) 502 W&S CIP 129,196 65,611 45.845 13,024 33,739 14,629 $0 61,392 15,9-7- 503 W&S Res 20,000 3,794 8,000 0 0 0 $4,000 4,000 (4,000) 505 Water Impact Fee 60,0001 38,569 20,000 6,127 7,500 5M2 $1,000 19,669 (331) 508 Wastewater Impact 5 2.O�OWO 14,206 20,000 2,019 12,188 5,014 $1,000 20,220 220 510.Drainage 20,000 22,379 20,000 (479) 6,139 0 $13,000 18,660 (1,340) 511 Drainage CIP 6.000 7,250 6,000 661 2,969 0 $3,500 7,130 1,130 s 500 2, 520 Recreation Classes 2,500 3,365 2,500 546 0 -0 $2,000 2,546 46 521 Arbor Daze 1.000 4.501 1,000 768 0 0 $500 1,268 268 530 Softball World 5,000 10,5001 5,000 2,264 200 0 $4,000 6,464 1,464 640 Golf Course Ops 7,215 2,868 7,215 0 0 0 $0 0 (7,215) 541 Golf Course CIP 24,008 8,165 0 632 0 0 - $1,800 2,432 2,432 550 Parks at Texas Star 0 1,139 0 250 0 0 $1,000 1,250 1,250 552 Ath.Complex PH It 1,846 1,845 0 521 11,369 5,243 $0 17,133 17,133 601 Eq.Rel. 8,000 22,870 8,000 2,324 0 0 $5,500 7,824 (176) 610 Health Insurance---T- 15,000 13,244 1 15,000 136 0 0 $0 136 14,864) 615 Risk Mgmt 1 25,0001 10,982 1 25,000 1,736 0 0 $8000 9,7361 (15,264)1 705,Star Center Reserve 1 01 43,6731 0 8,8171 -01 0 $41,808 50 50,625 1 50.625 1 Ifoial 1 1$1,822,036 $1,373,117 $1,171,51 $337,208 $11 i4111,850 $1,020,958 ($150,602)1 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, DEA funds and the Star Center Reserve. FY 2003 budgeted interest earnings were based on an average rate of return of approximately 3.0%. We are currently earning an average of 2.5%on our Investments. The Interest earned in this fund is transferred to the Half Cent SalesTax operating fund after the required reserve level has been Economic News Consumer confidence fell in March, for the ninth time in ten months, bringing it to a 9 1/2 year low of 62.5 percent. Granted, there has been very little positive factors during the month of March to raise confidence. Early in the survey period inclement weather, tumbling equity markets, brewing military conflict, rising energy prices, and weakening labor markets had a negative impact on consumer confidence. However, barring any unforeseen turn of events in Iraq, the next survey should be improved. Bloomberg news reported that confidence shot up 26 points in the two months following the Gulf War. Other economic data still suggest a sluggish economy. The factory index of the Institute for Supply Management survey dropped below the critical mark for the first time since October. The uncertainty surrounding the war (which had not yet begun during the survey period) had a significant impact on manufacturing outlook. Virtually all components including current production, new orders, and inventory levels dropped as manufacturers anticipate decreasing demand. Existing home sales fell 4.3% in February, down slightly from the record achieved in January. However, the housing sector is still doing its part in keeping the economy afloat, and the high volume of recent mortgage applications suggests that this will continue into the summer. We will continue to monitor our investment portfolio. At the end of September, the average rate of return on our portfolio was 2.92%. This yield has dropped 42 bpis points since September. This yield could continue to fall as current investments mate and funds are reinvested at much lower yields. 4DSource: First Southwest Company, Money Market updates. • MINUTES INVESTMENT COMMITTEE MEETING 01/28103 0 Members: Gary McKamie, Deputy City Manager Loretta Getchell, Director of Fiscal and Administrative Services Vicki Rodriquez, Finance Administrator Bill Ridgeway,Director of Economic Development Committee members present included Gary McKamie, Loretta Getchell, Bill Ridgway and Vicki Rodriquez. Vicki Rodriquez presented the Annual Investment Report to the committee. Vicki noted that all funds with available balances were investing funds and earning interest. The total interest earnings for Fiscal Year 2002 totaled$1,373,117. The total portfolio at the end of fiscal year 2002 was over$49.5 million. The book value was $49,630.031 and the market value was $49,790,468. Vicki also pointed out that the city continues to be 101% invested (on the average). Vicki pointed out that the Fed continued to lower interest rates during this fiscal year in an attempt to jump start a very sluggish economy. Prior to the investment committee meeting,the committee discussed, by telephone,the receipt of the bids for the city's bank depository. The City received bids From Wells Fargo, Frost, Bank of Texas, Banc One, Southtrust and First National Bank Mid- Cities. First National Bank Mid-Cities proposed no fees for a 2-year period. The committe discussed collateral for the funds held by the depository bank. First National Bank Mid-Cities agreed to provide up to 3.3 million dollars in collateral at no extra fee to the City. The committee decided to award the bid to First National Bank Mid-Cities for the 2-year period,with the availabilty for 3 annual renewals. The bank depository award was presented to Council at the January 28,2003 meeting. Gary McKamie motioned that the Annual investment report be approved as presented, Bill Ridgway seconded. Loretta Getchell motioned to adjourn. Gary seconded. Meeting was adjourned. 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FHLMC Fed.Home Loot Mort.Corp WedwMa Wsehovis Securities FSW First SouMwest LOGIC Local Gov't Investment Coop. FGIC Money Moket Pod FFCB Fed.Fane Credit Bank CD Certificates of Deposit Vining Vining Sparks Memo Merrill Lynch FGIC Financial Investors Trust Taxpoo Local Govt Pod RLS Fed.Home Loan Bank Bance Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams Southtrust Southtrust Bank Cost Accrued hrv, Cusp Purchase Tenn Maturity Can Price Per Bode Value Interest Total Prin.+ Yield To Coupon Interest Sener Market %of TJ" Number Dame 00dayn)Dare Darr Pwr Inn Yalur (All On a..magr IoLjaLMafy maturity Sate Purchased 1031. Discount Pxemium E.und Value Podfollo 1NAM Fund 101-General Fund FGIC WA 100.0000 151,000.00 151,000.00 151,000.00 1.65% FGIC 1.01 151,000.00 0.30% 0.00 Texpoo WA 100.0000 987.47 967.47 967.47 1.87% Texpool 101 967.47 0.00% 0.00 FHL8 3133MZUA3 05113102 227 12130102 102.5861 500,000.00 512,930.68 31,050.E 531,050.00 2.06% 6.210% 11,471.25 Banc One 12,930.68 101 505,625.00 1.05% 2.39 FHB 3133M,S97 0228102 300 0228103 100.0000 500,000.00 . 500,000.00 11,250.00 511,250.00 2.25% 2.250% Bane One 101 501,250.00 1.00% 3.61 FHLB 3133MON 03114102 364 04148/03 100.0000 1,000,000.00 11000,000.00 27,733.33 1,027,733.33 2.60% 2.600% Banc One tot 1,005.000,00 2.01% 7.71 FNMA 3136FOV75 01107102 546 1023113 1023102 99.6875 500,000.00 498,437.50 30,700.00 530,700.00 3.25% 3.070% 3,155.28 Duncan 1,562.50 101 500,390.63 1.01% 8.51 FNMA 3136F2DW5 0627102 540 0227104 1127102 100.0000 500,000.00 500,000.00 16,875.00 516,875.00 2.25% 2.250% Wachovia 101 500.390.63 1.00% 5.42 FNMA 31359MMW0 0828102 614 05/12/04 05/12/03 101.1875 500,000.00 505,937.50 37,500.00 537,500.00 2.04% 3.750% 5,625.00 Vining 5,937.50 101 506,562.50 1.03% 6.31 FMAC 3129247X1 121`14101 876 0520104 0520101 99.3125 750,044.00 744,843.75 60,937.50 810,937.50 3.55% 3.250% 1,625.00 Merrill 5,156.25 101 766,640.63 1.50% 13.13 FFC8 31331LWO 0729102 659 0526/04 1028/02 100.0000 500,000.00 500,000.00 25,170.14 525,170.14 2.75% 2.750% Duncan 101 500,312.50 1.00% 8.62 FHLB 3133Mt1O3 0924102 630 0624104 1224102 100.0000 500,000.00 500,000.00 23,625.00 523,625.00 2.70% 2.700% DUNCAN 101 501,250.00 1.00% 6.33 FMAC 312924VKS 01115102 1034 1129104 1129102 99.3750 190,000.00 188,812.50 20,235.00 210,235.00 3.78% 3.550% 861.86 FSW 1,187.50 101 190,593.75 0.38% 3.94 FHLB 3133MF202 0820102 874 01241" 0124103 101.3500 500,000.00 306,750.00 65250.00 565,250.00 2.03% 5.220% 1,885.00 Banc One 6,750.00 tot 505,625.00 1.02% 8.93 FHLB 3133MGZL3 OBFMM 1448 0828106 0828103 102.8438 400,000.00 411,375.00 97200.00 497,200.00, 2.56% 5.400% 10,320.00 Vining 11,375.00 101 413,125.00 0.85% 12.26 Subtoyl 6,491,967.47 6,521,054.39 447,525.97 6,939,493.44 - 34,943.39 7,906.25 36,993.18 subtotal 6,548,733.09 13.17% 83.16 fund 102-General Fund-Emergency FHLB 3133MOUCO 08127102 720 0627/04 1127102 100.0000 500,000.00 500,000.00 26,400.00 526,400.00 2.64% 2.640% Wachovia 102 501,718.75 1.00% 7.23 Fund 103.Owwol Fund CoMingeney, FHL8 3133MRSV5 09140102 900 03130105 12130102 100.0000 500,000.00 500,000.00 38,250.00 538,250.00 3.06% 3.060% FSW 103 501,484.38 1.00% 9.04 Fund 2014Hohill4lotei FGIC WA 100.0000 159,258.70 159,258.70 159,258.70 1.65% FGIC 201 159,258.70 0.32% 0.00 Tevoo WA 100.0000 16,616.89 18,610.89 16,618.89 1.87% Texpool 201 16,618.89 0.03% 0.00 subtotal 175,877.60 175,877.60 0.00 175,877.60 0.00 0.00 0.00 subtotal 175,877.64 0.35% 0.00 Fungi!21041affCori Operallons TWO" WA 100,0000 214,3 0.04 214,300.04 0.00 214,300.04 1.87% Texpool 210 214,300.04 0.43% 0.00 FGIC WA 100.0000 325$85.39 325,265.39 0.00 325,265.39 1.85% FGIC 210 325,205.39 0.05% 0.00 FNMA 3136FOT85 WW=2 763 10/18/04 10118102 100.1740 500,000.00 500,870.00 40,875.00 546,875.00 2.26% 3.750% 7,135.42 BANC ONE 870.00 210 500.488.75 1.02% 7.78 Su 1,039,565.42 1,040,435.42 46,875.00 1,080,440.42 7,135.42 0.00 870.04 subtotal 1,040,034.17 2.10% 7.78 Fund 21"aff Cent Reserve FGIC WA 100.0000 950,268.00 950,218.00 0.00 950,218.00 1.65% FGIC 211 950,218.00 1.91% 0.00 Fund 220-Crime Conh andPrevention FGIC WA 100.0000 0.00 0.00 0.00 0.00 1.65% FGIC 220 0.00 0.00% 0.00 Tev w WA 100.0000 108,011.72 108,011.72 0.00 108,011.72 1.87% Texpool 220 108,011.72 0.22% 0.00 FHLB 3133MOZ80 09!43102 720 09/03/04 12103102 100.0000 500,000.00 500,000.00 22,500.00 522,500.00 2.25% 2250% VINING 220 500,468.75 1.00% 7.23 Subtotal 608,011,72 608,011.72 22,500.00 630,511.72 0.00 0.00 0.00 subtotal 608,480.47 1.22% 7.23 Fund 230-Ponce DEA(Federal) FGIC WA 100.0000 130,589.53 130,589.53 130,589.53 1.65% FGIC 230 130,589.53 0.26% 0.00 763000 WA 100.0000 70,394.61 70,394.61 0.00 70,394.61 1.87% Texpool 230 70,394.61 0.14% 0.00 Subtotal 200,984.15 200,984.15 0.00 200,984.15 0.00 0.00 0.00 subtotal 200,984.15 0.40% 0.00 Fund 231-Pons DEA(State) FGIC WA 100.0000 10,740.28 10,740.28 10,740.28 1.85% FGIC 231 10;740.28 0.02% 0.00 Subtotal 10,740.28 10,740.28 0.00 10,740.28 0.00 0.00 0.00 subtotal 10,740.28 0.02% 0.00 fund 232*TW DEA Task force Texpoo WA 100.0000 30,217.24 30,217.24 0.00 30,217.24 1.87% Texpool 232 30,217.24 0.06% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 1.65% FGIC 232 0.00 0.00% 0.00 Sub tobd 30,21724 30,217.24 0.00 30,217.24 0.00 0.00 0.00 subtotal 30,217.24 0.06% 0.00 Fund 235 LLEBG 02 FGIC WA 100.0000, 20,543.23 20,543.23 20,543.23 1.65% FGIC 234 20,543.23 0.04% 0.00 fund 240-Car Rental fund �t FGIC WA 100.0000 154,804.73 154,804.73 154,80479 1.65% FGIC 240 154,804.73 0.31% 0.00 Texpoo WA 106.0000 80,405.60 80,405.60 80,405.x�{1�,, 1.87% Texpool 240 80,405.60 0.16% 0.00 FHLB 31331RSL0 08107101 591 0328103 n/c 102.6000 300,000.00 307,800.00 34,284.50 334,284.50 .4.07% 5.730% 6,064.25 Merrill 7,800.00 240 306,093.75 0.63% 3.73 FNMA 313"KWM 04112102 483 08115/03 101.2813 890.000.00 901,403.13 53,400.00 943,400.00 3.02% 4.000% 5,636.67 Merrill 11,403.13 240 908.495.31 1.82% 8.00 FFCB 31331LV96 06/20102 540 1226/03 1226102 100.0000 500,000.00 500,000.00 22,575.00 522,575.00 3.01% 3.010% Duncan 240 501,562.50 1.00% 5.42 FHLB 3133M70N1 0828162 508 01126104 104.5740 750,000.00 784,305,00 61,987.50 611,987.50 2.20% 5.510% 3,673.33 Merrill 34,305.00 240 787,265.63 1.58% 8.04 FHLB 3133MR204 09/05/02 540 03105104 12105f02 100.0000 1,000,000.00 1,000,000.00 '33,000.00 1,033,000.00 2.20% 2.200% DUNCAN 240 1,000,781.25 2.01% 10.84 cmyaE Investment by Asa September 30, 02 InvestmerdType Institution LOGIC Local Gott pool FNMA Fed.Nat1 Mort Assoc. FHLMC Fed.Home Loan Mort.Corp Wachovia Wachovia Securities FSW First Southwest LOGIC Local Gott Investment Coop, FGIC Money market Pod FFCB Fad.Farm Credit Bank CD Certificates of Deposit Vining Vining Sparks Merrtil Merrill Lynch FGIC Financial Investors Trust Texpoo Local Gott Pod FHLB Fed.Home Loan Bank BencOne Banc One Capital Everan Evemn Securities Texpool TEXPOOL Duncan Duncan Williams Sou0ktrust Southtrust Bank Cost Accrued Inv. Cusp Pashas Tenn maturity Call Price Pe Boric Vskre Interest Taal Prin.+ YW To Coupon Interest Seger Market %of J)" Nu Dees 0 dabs)Dam Dae Par s 100 Y hm (2rin Dohry It,ma Int CM N Maludly Bata Purchased Inst niSmunf premium Fund Vale Pmt Folin wm FHLB 3133MRUL4 09/30102 540 0=0404 12/30/02 100.0000 500,000.00 500,000.00 18,875.00 516,875.00 2.25% 2.250% WACHOVIA 240 501,250.00 1.00% 5,42 FH.5 3133mt1MY4 11114!01 900 05114/04 05/14102 100.0000 500,000.00 504,000.00 42,750.00 542,750.00 3.42% 3.420% istUnton 240 501,093.75 1,00% 9.04 FMAC 3129247X1 1228101 862 05/20104 05120102 98.7813 500,000.011 493,906.25 40,825.00 540,625.00 3.79% 3.250% 1,715.28 Merrill 6,093.75 240 511,093.75 1.00% 8.58 FHLS 3133NMO3 0W002 830 08@9104 12106102 100,0000 500,000.00 500.000.00 22,750.00 522,750.00 2.60% 2.600% DUNCAN 240 500,78125 1.00% 6.33 FMAC 312925SBT OB/1B102 720 08/18!04 12/18/02 100.0000 500,000.00 500,000.00 26,000.00 526,000.00 2.80% 2.600% 1atUnion 240 501,093.75 1.00% 7.23 FHLB 133MPFPB2 07061 720 07=104 10/09102 100.0000 1,040,000,00 1,000,000.00 87,000.00 1,067,000.00 3.35% 3.350% 1ST Union 240 1,004,312.50 2.01% 14AS FMAC 312925WNS 07/15102 720 07/15/04 07/1!103 100,0000 807,000.00 607,000.00 39,455.00 646,455.00 3.25% 3.250% Metall 240 814,302.97 1.22% 8.78 FH.5 3133MPKW5 0TAWM 720 07/16/04 01/16103 100,0000 500,040.00 500,000.00 32,500.00 532,500.00 3.25% 3.250% 1atUnion 240 502,343.75 1.00% 7.23 FHB 3133MRL83 09123102 720 09/23104 12/23/02 100.0000 400,000,00 400,000.00 23,680.00 423,680.00 2.96% 2.900% BANC ONE 240 401,125.00 0.80% 5.78 FNMA 31361`0804 05I2111142 846 10104104 1OM"2 101.0710 200,000.00 202,142.00 25,750.00 225,750.00 2.05% 5.150% 1,545.00 Banc One 2,142.00 240 200,062.50 0.41% 3.46 FNMA 313BFIJ6B 0522/02 900 1122104 0522103 100.0000 450,000.00 450,000.00 44,437.50 494,437.50 3.95% 3.950% Merrill 240 456,679.69 0.90% 8.13 FH.6 3133MORP1 08126{42 1260 0228fi6 0228103 99.9500 350,000.00 349,825.00 42,93625 392,936.25 3.52% 3.505% FSW 175.00 240 351,908.75 0.70% 8.85 Subtotal 9,682,210.33 9,731,591.71 630,005.75 10,312,216.08 18,634.53 6,268.75 55,650.13 subtotal 9,781,516.42 19.58% 130.11 Fund 3014Dsvelopse s Escrow FGtC WA 100.0000 59,102.06 59,102.06 59,102.06 1.65% FGIC 301 59,102.06 0.12% 0.00 Ton- WA 100.0000 490,080.38 490,080.38 490,080.38 1.87% Texpool 301 490,080.38 0.98% 0.00 FHLB 31336111 06111101 484 10115!02 NIC 100.6590 500,000.00 503,285.00 35,062.50 535,06250 4.16% 4.675% 3,636.11 Bancdne 3,295.00 301 500,625.00 1.02% 4.93 FNMA 31354AXY3 OSM4101 027 03/11/03 NIC 102.6702 97,000.00 99,590.13 12,787.83 109,787.83 4.39% 6.000% 2,651.33 FSW 2,590.13 301 98,894.53 0.21% 1.29 FtRB 3133MNW63 OQ/12W 450 09712/13 12112102 100,0000 500,000.00 5001000.00 18,750.00 518,750.00 3,00% 3.000% Duncan 301 501,406.25 1.00% 4.52 SubloW 1,646,182.44 1,052,067.56 66,600.33 1,712,782.77 6,287.44 0.00 5,885.13 subtotal 1,650,108.22 3.33% 10.73 Fund 3054Rtreaa CIP FGIC WA 100.0000 6,865,032.60 6,865,032.60 0.00 6,865,032.60 1.65% FGIC 305 6,865.032.60 13.79% 0.00 To*oo WA 100.0000 1,367,051.56 1,367,051.56 0.00 1,367,051.56 1.87% TEXPOOL 305 1,367,051.56 2.75% 0.00 Subtotal 8232,084.18 8,232,084.16 0.00 8,232,084.16 0.00 0.00 0.00 subtotal 8,232,084.16 111.53% 0.00 Fund 310-Haff Cad CIP FGIC WA 100.0000 74,804.38 74,804.38 0.00 74,804.38 1.65% FGIC 310 74,804.38 0.15% 0.00 TOPOW WA 100.0000 271,286.12 271,266.12 271,286.12 1.87% Texpoot 310 271,288.12 0.64% 0.00 Swat 346,070,51 346,070.51 0.00 346,070.51 0.00 0.00 0.00 subtotal 346.070.51 0.69% 0.00 Fund 320.0.0.CIP-Fke Station Tan= WA 100.0066 109,080.15 109,086.15 109,088.15 1.87% Texpoof 320 109,086.15 0.22% 0.00 Subtotal 109,086.15 109,086.15 109,088.15 0.00 0.00 0.00 subtotal 109,080.15 022% 0.00 Fund 325-Pollca FacBKy CIP FGIC WA 100.0000 226,822.09 226,822.09 0.00 226,822.09 1.65% FGIC 325 226,822,09 0.46% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 1.87% Texpool 325 0.00 0.00% Od70 Subtotal 226,822.09 228,822.09 0.00 226,822.09 0.00 0.00 0.00 subtotal 226,822.09 0.46% 0.00 Fund 330-Car Rontal CIP FGIC WA 100.0000 0,952.58 8,952.58 6,952.58 1.65% FGIC 330 6,952.58 0.01% 0.00 Texpoo WA 100.0000 77,810.21 77,810.21 77,810.21 1.87% Texpoof 330 77.810.21 0.16% 0.00 Subtotal 84,762.79 84,762.79 0.00 84,762.79 0.00 0.00 0.00 subtotal 84,762.79 0.17% 0.00 Fund 401-0ebt$@Me* Texpoo WA 100.0000 0.00 0.00 0.00 1.87% Texpool 401 0.00 0.00% 0.00 FGIC WA 100.0000 251,767.81 251,767.81 251,787.81 1.65% FGIC 401 251,767.61 0.51% 0.00 Subtotal 251,767.81 251,767.81 0.00 251,767.81 0.00 0.00 0.00 subtotal 251,767.81 0.51% 0.00 Fund 402-Mu Como Debt Service Texpbo WA 100.0000 110,376.39 110,376.39 110,378.39 1.87% Texpoof 402 110,37639 0.22% 0.00 SubtoW 110,376.39 110,376.39 0.00 110,376.39 0.00 0.00 0.00 subtotal 110,376.39 0.22% 0.00 .w! City of E Investment try As of September 34, tnv"t"$MType inoftlon LOGIC Local Govt Pool FNMA Fed.Nall Mort Assoc. FHLMC Fed.Home Loan Mort.Corp Wschovla Wachovla Securities FSW First Southwest LOGIC Local Govt Inveabnent Coop. FGIC Money Maw Pool FFCB Fed.Farm Crept Bank CO Cer88cmn of Deposit Vir" Vir"Sparks Merrill Memo Lynch FGIC Financial Investors Trust Texpoo Local Govt Pool FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan VMlams Southtrust Southtrast Bank Cost Accrued Irn. Cuslp Purchase Term Maturity Cell Price Par Book Value interest Total Prin.+ Yield To Coupon Interest Seiler Market %of 3)" Mm1t>sc Oft On dm nate Date parsto0 V.atus Milo On ICY Int-Cp-MakY hdatu ty Elate Purchased Inst. Discount Premium Euod yAhm PAtlfolin Wm fund 501-WoW and Sewer LOGIC WA 100.0000 57.71 57.71 57.71 1.82% LOGIC 501 57.71 0.00% 0.00 FGIC WA 100.0000 50,760.15 50,760.15 50,760.15 1.65% FGIC 501 50,780.15 0.10% 0.00 Texpoo WA 100.0000 534,511.66 534,511.66 534,511.66 1.87% TEXPOOL 501 534,511.66 1.07% 0.04 FHLMC 3134103740 00!11101 4B4 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 1,001,875.00 2.08% 10.08 FNMA 31364FGD7 08!12/01 510 11112/02 NIC 102.5360 500,000.00 512,680.00 47,100.00 547,100.00 4.41% 6284% 2,616.67 Merrill 12,680.00 501 502,658.25 1.03% 5.2B FFCB 313311.20 07/03/02 450 10103/03 10103!02 100.0000 500,000.00 5DO,000.00 18,562.50 516,562.50 2.65% 2.650% 1ST Union $01 500,OD0.00 1.00% 4.52 FHLB 3133MDOI 04117102 5B7 12104103 98.9640 900,000.00 890,676.00 49,500.00 949,504.04 3.41% 2.750% 9,143.75 Banc One 9,324.00 501 911,812.50 1.81% 10.61 FNMA 3138FIEL0 01109/02 720 01109/04 01109103 100.0000 1,000,000.00 11000,000.00 551000.00 1,055,000.00 2.75% 2.750% 1atUnion 501 1,002,031.25 2.01% 14.46 FHLB 3133MNCJ8 05!08!02 720 45106104 11108102 100.0000 1,000,000.00 110001004.00 50,500.00 1,050,504.00 2.53% 2.525% 1st Union 501 1,004,625.00 2.41% 14.46 FHLB 3133MJJNI 11116MI 1200 05/16/05 05116/02 100.0000 50D,000.00 500,000.00 61,250.00 581,250.00 3.50% 3.500% 1st Union 501 501,093.75 1.00% 12.85 Subtotal 5,985,329.52 6,015,803.65 373,662.50 6,35B,992.02 21,482.64 9,324.00 39,798.13 subtotal 6,005.423.27 12.12% 72.05 Fund 502-WU C1P FGIC WA 100.0000 1913,808.53 196,866.53 196,866.53 1.65% FGIC 502 196,866.53 0.40% 0.00 Texpoo WA 100.4000 1,631,497.81 1,631,497.81 1,631,497.81 1.87% Texpool 542 1,631,497.81 3.28% 0.00 FNMA 31359WT9 08127/01 7DB 08115/03 n/c 99.9020 500,000.00 499,510.00 39,333.33 539.333.33 4.05% 4.000% 0.00 Merrill 502 510,390.63 1.00% 7.10 FHLB 3133M VZD OGM2102 512 11114103 99.6250 500,000.40 498,125.00 18,754.00 518,754.40 2.77% 2.504% 937.50 Vinkrg 1,875.00 502 505,156.25 1.00% 5.13 FHLB 3133MPDAI 06124102 1080 08/24105 06124103 100.0000 550,OOD.00 550,000.00 49,500.00 599,500.00 3.00% 3.000% 1st Union 502 552,921.88 1.10% 11.93 Subtotal 3,378,384.34 3,375,999.34 107,583.33 3,485,947.87 937.50 1,875,00 0.00 subtotal 3,396,833.09 6.78% 24.16 Fund 50SWatar Impact Fees Texpoo WA 100.0000 641,779.95 641,779.95 0.00 641,779.95 1.87% Texpool 505 641,779.95 1.29% 0.00 FGIC WA 100.0000 0.00 0.60 0.00 0.00 1.65% FGIC 505 0.00 0.00% 0.04 FHLB 3133MRAM4 09/10102 300 09/10103 10110102 100.0000 1,000,000.00 1,0D0,000.00 20,000.00 1,020,000.00 2.00% 2.000% BANC ONE 505 1,000,000.00 2.01% 7.23 subtotal 1,641,779.95 1,641,779.95 20,000.00 1,681,779.95 0.00 0.00 0.04 subtotal 1,641,779.95 3.30% 7.23 Fund Wr-W&S Emergency FHLB 3133MJJN1 11110101 1200 05/16105 05/16102 100.0000 504,000.00 500,000.00 81,250.00 561,250.00 3.50% 3.500% tat Union 507 501,093.75 1.00% 12.65 Subtotal 500,000.00 504,004.00 61,250.00 561,250.00 subtotal 501,093.75 1.00% 12.65 Fund W941fastewator Impact Fans FGIC WA 100.0000 165,647.50 165,847.50 165,647.50 1.65% FGIC 508 165,847.50 0.33% 0.00 Texpoo WA 104.0004 167,705.34 16T,705.34 167,745.34 1.87% Texpool 508 167,705.34 0.34% 0.00 FHLB 3133MRCP5 09/10102 720 09/16/04 10/18/02 100.0000 500,000.00 500,000.00 27,800.00 527,800.00 2.78% 2.780% BANC ONE 508 500,234.35 1.00% 723 SubWta! 833,352.84 833,352.84 27,864.00 861,152.84 0.00 0.00 0.06 subtotal 833.587.19 1.67% 7.23 Fund 31100tvinage FGIC WA 100.0000 150,570.54 150,570.54 150,570.54 1.65% FGIC 510 150,570.54 0.30% 0.00 Texpoo WA 100.0000 131,795.36 131,795.36 131,795.38 1.87% Texpool 510 131,795.36 0.26% 0.00 FNMA 31359MA2 07/11101 539 01/10103 NIC 103.7188 325,000.00 337,085.94 33,150.00 358,150.00 4.21% 6.800% 61.39 Merrill 12,085.94 510 329.570.31 0.68% 3.65 Subtotal 607,365.90 819,451.84 33,150.00 640,515.90 61.39 0.00 12,085.94 subtotal 611,936.21 1.24% 3.65 Fund$11141rsinaga C1P FGIC WA 100.0000 329,601.69 329,601.69 0.00 329,801.69 1.65% FGIC 511 329,801.69 0.66% 0.00 Taxpoo WA 100.0000 50,663.97 50,603.97 50,663.97 1.87% Texpcoi 511 50,863.97 0.10% 0.00 Subtotal 380,265.66 380,265.66 0.00 380265.66 0.00 0.00 0.00 subtotal 380265.66 0.76% 0.00 Fund 5124Dralnage Reserve Texpoo WA 100.0000 231,119.00 231,119.00 0.00 231,119.00 1.87% Texpool 512 231,119.00 0.46% 0.00 Fund 520-Recma0on Classes FGIC WA 100.0000 135,854.19 135,854.19 0.00 135,854.19 1.65% FGIC 520 135,854.19 4.27% 0.00 Texpoo WA 160.0000 20,43583.00 20,583.00 20,583.00 1.87% Texpooi 520 20,583.00 0.04% 0.00 SubtoMl 156,Z7.19 156,437.19 0.00 156.437.19 0.00 0.00 0.00 subtotal 156,437.19 4.31% 4.00 City of Eul y Invesimsnt by fit/ As of September 30,2002 Investment Type Institution ' LOGIC Loa!Go tt Fool FNMA Fed.Nati Mort Assoc. FfiLMC Fed•Home Loan Mort Corp Waclwvla Wachovia Securities FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed.Fenn Cron Bank CO CertMlcates of Deposit Vining Yining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Twow Local Galt Pool FKB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpoof TEXPOOL Duncan Duncan Williams Southtrust SouthbustBank Cost Accrued kw. Cualp Prndtass Term Maturity can price Pm Book Value, Interest Total Prin.+ Yield To Coupon Interest Seger Market %of I781s l Oft (In dap Data DAIA pat8100 Yelua (PrinOn 4ra gli rn Int a Me Matt,dty Bata Purch"M 1nsL Discount PtEmium Ew1d YElu4 2otlfoli Y1M Fund 521-Arbor Darr FGIC WA 100.0000 178,390.57 178,398.57 0.00 1784396.57 1.65% FGIC 521 178,396.57 0.36% 0.00 Texpoo WA 100.0000 50,644.79 50,044.79 0.00 50,644.79 1.87% Texpool 521 50,644.79 0.10% 0.00 Subtotal 229,041.36 229,041.36 0.00 229,041.36 0.00 0.00 0.00 subtotal 229,041.36 0.46% 0.00 Fund 530-Saftba0 Worfd43perating 8,000.91 1.85% FGIC 530 38,000.91 0.07% 0.00 FGIC WA 100.0000 36,000.91 36,000.91 0.00 3 Tsxpoa WA 100.0000 494,852.31 494,852.31 0.00 494,852.31 1.87% Texpool 530 494,852.31 0.99% 0.00 CD 04/23102 365 0423/03 100.0000 51000.00 5,000.00 100.00 5,100.00 2.00% 2.000% Landmark 530 5,000.00 0.01% 0.04 Subt" 535,853.22 .535,85322 100.00 535,953.22 0.00 0.00 0.00 subtotal 535,853.22 1.08% 0.04 Fund 540-W Course T04- WA 100.0000 0.00 0.00 0.00 1.87% Texpool 540 0.00 0.00% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 1.85% FGIC 540 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 Fund 541-0off CIP Texpoo WA 100.0000 149,008.89 149,008.89 0.00 149,008.89 1.87% Texpool 541 149,008.89 0.30% 0.00 Fund 55"arks at Texas Star To)*- WA 100.0000 55,798.77 55,798.77 0.00 55,798.77 1.87% Texpool 550 55,798.77 0.11% 0.00 Fund 352-Photo 8 Athletic Complex FGIC WA 100.0000 52,820.86 52,820.86 0.00 52,820.86 1.65% FGIC 552 52,620.86 0.11% 0.00 Texpoo WA 100.0000 89,532.59 89,532.59 89,532.59 1.87% Texpool 552 89,532.59 0.18% 0.00 Subtotal 142,353.46 142,353.46 0.00 142,353.48 0.00 0.00 0.00 subtotal 142,353.46 0.29% 0.00 Fund e01�EquipmsM Replacement FGIC WA 100.0000 91,989.07 91,989.07 91,989.07 1.65% FGIC 601 91,989.07 0.18% 0.00 To*- WA 100.0000 280,780.19 280,780.19 280,780.19 1.87% Texpooi 601 280,780.19 0.56% 0.00 FHLB 3133MPL53 07/16M2 630 04/16/04 101116102 100.0000 500,000.00 500,000.00 27,562.50 527,562.50 3.15% 3.150% Duncan 601 500,312.50 1.00% 8.33 subs 872,769.28 872,709.2e 27,562.50 900,331.76 0.00 0.00 0.00 Subtotal 873,081.78 1.75% 6.33 Fund 61Mmuranea FGIC WA 100.00,00 0.00 0.00 0.00 1.05% FGIC 610, 0,.00 4.OQ% Q.00 Texpoo WA 100.0000 35,313.50 35,313.50 35,313.50 1.87% Texpoof 610 35,313.50 0.07% 0.00 subtotal 35,313.50 35,313.50 0.00 35,313.50 subtotal 35,313.50 0.07% 0.04 Fund 6154tfak Management FGIC WA 100.0000 47,149.82 47,149.82 47,149.82 1.05% FGIC 615 47,149.82 0.09% 0.00 Tem- WA 104.0000 438,789.18 438,789.18 438,789.18 1.87% Texpool 615 438,789.16 0.88% 0.00 Subtotal 485,938.99 485,938.99 0.00 485,938.99 0.00 0.00 0.00 subtotal 485,938.99 0.98% 0.00 Fund 70"a0as Stan Escrow Reserve Tsxpoo WA 100.0000 2,143,97,.97 2,143,976.97 2,143,978.97 1.87% Texpoof 705 2,143,976.97 4.31% 0.00 TOTAL 49,581,556.61 49,700,975.10 1,929,265.39 51,510,822.00 89,452.31 25,374.00 151,282.51 TOTAL 49,794,488.15 100.00% 368.62 Invesmtentby > ` As of December 31,2002 Investment type Institution LOGIC Local Govt Pool FNMA Fed.NaCl Mort Assoc. FMAC Fed.Home Loan Mort Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local Govt investment Coop. FGIC Money Market Pod FFCB Fed.Farm Credit Bank CD Certificates of Depose Vining Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Targwo Local GOA Pool FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued btu. Cuslp Purchase Tom Maturity Call Price per Book Value Interest Total Prim+ Yield To Coupon Interest Sailer Market %of 13" [,lumbar Dain 0"ays)Date Data Par3100 YAWS (Pdn_Dniya @rxe Int 12Mat:X Maf,,fi Beta Purchased InsL Discount PtemWm Eund Value Portfolio 1WAM Fun0101-Genn!Fund FGIC WA 100.0000 151,523.17 151,52117 151,523.17 1.29% FGIC 101 151,523.17 0.30% 0.00 Texpoo WA 100.0000 593,877.81 593,877.81 593,877.81 1.46% Texpool 101 593,877.81 1.16% 0.00 FNMA 31359OW 11101102 103 02114103 100.9545 100,400.00 100,954.50 2,500.00 102,500.00 1.63% 5.000% 1,055.56 Banc One 954.50 101 100,421.88 0.20% 0.21 FHLB 3133WS97 0226102 360 0228/03 100.0000 500,000.00 500,000.00 11,250.00 511,250.00 2.25% 2.250% Banc One 101 500,625.00 0.98% 3.51 FHLB 3133MMGB3 03114102 384 04108143 100.0000 1,004,000.40 1,000,000.00 27,733.33 1,027,733.33 2.60% 2.604% Banc One 101 1,003,593.75 1.95% 7.49 FHLB 3133MRXO 10/07/02 540 04/07/04 04/07/03 100.0000 500,000.00 500,000.00 16,950.00 516,950.00 2.26% 2.260% DUNCAN 101 501,250.00 0.98% 5.27 FNMA 3/359MMW0 06128102 614 45112!04 05112103 101.1875 1500,000.00 505,937.50 37,500.00 537,500.00 2.04% 3.750% 5,625.00 Vining 5,937.50 101 504,531.25 1.00% 6.13 FMAC 3129247X1 12/14101 876 0520/04 0620101 99.3125 750,000.00 744,843.75 80,937.50 810,937.50 3.55% 3.250% 1,625.00 Merrill 5,156.25 101 787,343.75 1.46% 12.76 I" 3133MLWO 12117102 540 06117104 06117103 100.0000 600,000.00 500,000.00 15,000.00 515,000.00 2.00% 2.000% BANC ONE 101 501,640.63 0.98% 5.27 FHLB 3133MSXBS 11113/02 630 08/13/04 02/13103 100.0000 500,000.00 500,000.00 20,300.00 520,300.00 2.32% 2.320% Duncan 101 500,625.00 0.98% 6.15 FHLB 3133MTNJ3 11125102 630 4625/04 0223103 100.0000 500,000.00 540,040,00 18,375.00 518,375.00 2.10% 2.140% DUNCAN 101 560,546.88 0.98% 6.15 FHLB 3133MTDC9 12/10/02 630 09/10/04 08/10103 100.0000 600,000.00 500,000.00 17,587.50 517,587.50 2.01% 2.010% DUNCAN 101 502,031.25 0.98% 6.15 FHLB 3133MFZ92 46120/42 874 0124/05 0124103 101.3500 500,000.00 506,750.00 85,250.00 565,250.41} 2.03% 5.220% 1,885.04 Banc One 6,750.00 101 501,250.00 0.99% 8.67 FHLB 3133MG213 0820/02 1448 0828106 0628103 102.8438 400,000.00 411,375.00 97,200.00 497,200.00 2.56% 5.400% 10,320.00 Vining 11,375.00 101 410,750.00 0.82% 11.92 subtotal 6,995,400.98 7,015,261.73 390,583.33 7,385,984.31 20,510.56 5,156.25 25,017.00 subtotal 7,040,010.36 13.73% 79.67 Fund 102-General FundEmerTiency FNMA 31359MOB2 12/13102 720 12/13/04 03/13/03 100.0000 500,000.00 500,000.00 25,000.00 525,000.00 2.50% 2.500% BANC ONE 102 501,093.75 0.98% 7.02 Fund 103-0anwA Fund Contingency FFCB 31331OKK2 12)03+02 540 06103104 03/03103 100.0000 500,000.00 500,000.00 14,925.00 514,925.00 1.99% 1.996% VINING 103 500,625.00 0.98% 5.27 Fund 2014lotaVMotal FGIC WA 100.0000 159,810.49 159,810.49 159,810.49 1.29% FGIC 201 159,810.49 0.31% 0.00 TV*- WA 100.0000 16,715.54 16,715.54 16,715.54 1.48% Texpool 201 16,715.54 0.03% 0.00 subtotal 176,526.03 178,526.03 0.00 176,526.03 0.00 0.00 0.00 subtotal 176,526.03 0.34% 0.00 Fund 21"&N Cam Operations Texpoo WA 10D.4600 240,359.42 240,359.42 0.00 240,359.42 1.46% Texpoot 210 240,359.42 0.47% 0.00 FGIC WA 100.0000 326;392.33 328,392.33 0.00 326,392.33 1.29% FGIC 210 326,392.33 0.64% 0.00 FHLB 3133MS5K2 10/15102 540 04/15/04 04115163 100.0060 250,000.00 250,000.00 8,437.50 258,437.50 2.25% 2.250% BANC ONE 210 250,703.13 0,49% 2.63 StdtMhl 816,751.78 816,751.76 8,437.50 825,189.26 0.00 0.00 0.00 subtotal 817,454.88 1.59% 2.63 Fund 211.1fafCam Reserve FGIC WA 100.0004 953,510.21 953,510.21 0.00 953,510.21 1.29% FGIC 211 953,510.21 1.86% 0.00 Fund 228-Crtma Control and Prevention FGIC WA 100.0000 0.00 0.00 0.00 0.00 1.29% FGIC 220 0.00 0.04% 0.00 TWO- WA 100.0000 538,841.10 538,841.10 0.00 538,841.10 1.46% Texpool 220 538,841.10 1,05% 0,00 Subk/tal 538,841.10 538,841.10 0.00 538,841.10 0.00 0.00 0.00 subtotal 538,841.10 1.05% 0.00 Fund""o0ce DEA(Federal) FGIC WA 100.0000 131,041,99 131,041.99 131,041.99 1.29% FGIC 230 131,041.99 0.26% 4.00 Te0000, WA 100.0000 07,643.42 67,643.42 0.00 67,643,42 1.46% Texpool 230 67,64342 0.13% 0.40 Subtotal 198,685.41 198,685.41 0.00 198,685.41 0.00 0.00 0.00 subtotal 198,685.41 0.39% 0.00 Fund 2314W"DEA(State) FGIC WA 100.0000 10,777.50 10,777.50 10,777.50 1.29% FGIC 231 10,777.50 0.02% 4.00 Subtotal 10,777.50 10,777.50 0.00 10,777.50 0.00 0.00 0.00 subtotal 10,777.50 0.02% 0.00 Fund 232-FTW DEA Took Force Texpoo WA 100.0000 45,376.65 45,376.65 0.00 45,376.65 1.46% Texpool 232 45,376.65 0.09% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 1.20% FGIC 232 0.00 0,00% 0.00 Subtotal 45,376.65 45,376,65 0.00 45,376.65 0.00 0.00 0.00 subtotal 45.376.65 0.09% 0.00 Fund 235 LLEBO 02 FGIC WA 100.0000 20.814.41 20,014.41 20.614.41 1.29% FGIC 234 20,614.41 0.04% 0.00 Texpoo WA 100.0000 6,012.47 6,012.47 0.04 6,012.47 1.46% Texpool 234 6,012A7 041% 0.00 Subtotal 26,626.87 26,626.87 0.00 26,628.87 subtotal 26,626.87 0.05% 0.00 Fund 2404ar Rental Fund FGIC WA 100.0000' 155,341,08 155,341.08 155,341.08 1.29% FGIC 244 155,341.08 0.30% 4.04 Temoo WA 100.0000 1,742,106.05 1,742,106.05 1,742,106.05 1.46% Texpool 240 1,742,106.05 3.40% 0.00 FHLB 31331RSL0 06107101 591 0328/03 nic 102.6640 300,000.00 347,800.00 34,284.50 334,284.50 4.07% 5.730% 6,06425 Merrill 7,800.00 240 303,187.50 0,61% 3.62 FNMA 31359MKT9 04/12102 483 08/15103 101.2813 890,000,00 901,403.13 53,400.00 943,400.00 3.02% 4.000% 5,638.67 Merrill 11,403.13 240 904,740.63 1.77% 8.55 FHLB 3133MT6N1 4828102 $08 0126104 104.5740 750,000.00 784,305.00 61,987.50 811,987.50 2.20% 5.514% 3,673.33 Merrill 34,305.00 240 782,812.50 1.54% 7.81 FMAC 3129247X7 1228/01 862 0520104 0520102 98.7813 500,000.00 493,906.25 40,625.00 540,625.00 3.79% 3.250% 1,715.28 Merrill 6,093.75 240 511,562.50 0.97% 8.34 city of Eut ' Investment by '"r. As of December 31,2002 invsstmentTyps Institution LOGIC Local GOIt Pod FNMA Fed.Nall Mort Assoc. FMAC Fed.Home Loan Mort.Corp 1ST Unloo Fist Union Securities FSW First Southwest LOGIC Local Gott Investment Coop. FGIC Money Ma lket Pool FFCB Fed.Fenn Credit Bank CO Certificates of Deposit Vining Vlnhg Sparks Merrill Month Lynch FGIC Financial Investors Trust Texpoo Local Govt Pool FHLB Fed.Home loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan W Whams LNDMRK Landmark Bank Cost Accrued Inv. Cuaip Pwchm Term Maw" Call Pdee For Book Value Interest Total Pdn.+ Yield To Coupon Interest Salter Market %of T)PA MumhY Daft On days r) a Data P,r11OQ Yetua (Edn Oni aaty Int IM Mature Bala Purchm Inst. nage.-at Erem', Eund Velma 20Qf0116 w" FMAC 312925104 07M502 720 07/15/04 07/18103 100.0000 007,000.00 807,000.110 39,455.00 046,455.00 3.25% 3.250% Merrill 240 613,449.38 1.18% 8.53 FHLB 3133MPKW5 07/15= 720 07/16104 01110/03 100.0000 500,000.00 500,000.00 32,500.00 532,500.00 3.25% 3250% fstUnion 240 500,390.63 0.98% 7.02 FHLB 3133MU389 12!13102 630 09/13/04 03113/03 100.0000 500,000.00 500,000.00 18,375.00 518,375.00 2.09% 2.100% WACHOVIA 240 500,625.00 0.98% 6.15 FHLS 3133ML1389 12M3102 630 09/13/04 03/13/03 100.0000 500,000.00 500,000.00 18,375.00 518,375.00 2.10% 2.100% FSW 240 500,625.00 0.98% 8.15 FNMA 313ORie4 0514102 900 11/22!04 05122/03 100.0000 450,000.00 450,000.00 44,437.50 494,437.50 3.95% 3.950% Merrill 240 454,640.63 0.88% 7.90 FNMA 3138F2VW5 120M 720 1209104 12105103 100.0000 500,000.00 500.000.00 20,000.00 520,000.00 2.00% 2.000% BANC ONE 240 502,812.50 0.98% 7.02 FH.B 3133MTVZ8 12M302 MO 12/1304 06/13/03 99.9668 500,000.00 499,843.75 22,600.00 522,600.00 2.28% 2.260% VINING 240 502,109.38 0.98% 7.02 FHLB 3133MORP1 08128102 1260 0212806 0212803 99.9500 350,000.00 349,825.00 42,936.25 392,93625 3.52% 3.505% FSW 175.00 240 351,148.44 0.68% 8.60 Subtotal 8,244,447.13 8,291,530.26 428,975.75 8,673,422.88 17,089.53 6,268.75 53,508.13 subtotal 8,325,551.20 16.21% 86.72 Fund 301.DavNopoes Escrow FGIC WA 100.0000 59,306.83 59,300.83 59,306.83 1.29% FGtC 301 59,306.83 0.12% 0.00 TexpOo WA 100.0000 812,433.35 812,433.35 812,433.35 1.46% Texpool 301 812,433.35 1.59% 0.00 FNMA 31354AXY3 0611401 627 0311103 Ric 102.6702 97,OWO0 99,590.13 12,787.83 109.787.83 4.39% 6.000% 2,651.33 FSW 2,590.13 301 97,679.06 0.20% 1.25 FHB 3133MS5K2 1011502 $40 04/1504 04/1503 100.0000 250,000.00 250,000.00 8,437.50 258,437.50 2.25% 2.250% BANC ONE 301 250,703.13 0.49% 2.63 Subtotal 1,218,740.18 1,221,330.31 21,225.33 1,239.965.52 2,651.33 0.00 2,590.13 subtotal 1,220,322.37 2.39% 3.09 Fund 3C6-Sboe CIP FGIC WA 100.0000 6,890,331.10 8,890,331.10 0.00 6,890,331.10 1.29% FGIC 305 6,890,331.70 13.45% 0.00 Texpoo WA 100.0000 428,806.90 428,808.90 0.00 428,808.90 1.46% TEXPOOL 305 428,808.90 0.84% 0.00 FH.MC3128XOCR0 1013002 540 0413004 0113003 100.0000 500,000.00 500,000.00 15,450.00 515,450.00 2.06% 2.060% DUNCAN 305 500,312.50 0.98% 5.27 FH,MC 312VOGS2 11M302 900 0511305 0511303 100.0000 585,000.00 585,000.00 38,390.63 623,390.63 2.63% 2.625% Merrill 305 587,925.00 1.14% 10.27 subtotal 8,404,140.00 8,404.140.00 53,840.63 8,457,980.63 0.00 0.00 0.00 subtotal 8,407,377.50 I$AO% 15.54 Fund 310dtalf Cant CIP FGIC WA 1110.0690 75,063.56 75,063.56 0.00 75,063.56 1.29% FGIC 310 75,063.56 0.15% 0.00 Texpoo WA 100.0000 302,436.39 302,436.39 302,436.39 1.46% Texpool 310 302,436.39 0.59% 0.00 Subtotal 377,499.95 377,499.95 0.00 377,499.95 0.00 0.00 0.00 subtotal 377,499.95 0.74% 0.00 Fund 320.0.0.CIPfb*Station 76x000 WA 100.0000 24,369.58 24,369.58 24,369.58 1.46% Texpool 320 24,369.58 0.05% 0.00 Subkrtal 24,369.58 24,389.58 24,369.58 0.00 0.00 0.00 subtotal 24,369.58 0.05% 0.00 Fund 3"44 ollcs Facility CIP FGIC WA 100.0000 26,915.02 26,915.02 0.00 26,915.02 1.29% FGIC 325 26,915.02 0.05% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 1.46% Texpool 325 0.00 0.00% 0.00 subtotal 26,915.02 26,915.02 0.00 26,915.02 0.00 0.00 0.00 subtotal 26,915.02 0.05% 0.00 Fund 330-Car Rental CIP FGIC WA 100.0000 6,980.38 8,980.38 6,980.38 1.29% FGIC 330 6,980.38 0.01% 0.00 Texpoo WA 100.0000 78,140A4 78,140A4 . 78,140.44 1.46% Texpool 330 78,140.44 0.15% 0.00 FNMA 3136F2PZ5 110702 1080 110705 020703 100.0000 500,000.00 5DO,O00.00 49,500.00 549,500.00 3.30% 3.300% Merrill 330 500,937.50 0.98% 10.54 FHLB 3133MTGR3 1111602 1260 0512606 02/20/03 100.0000 380,000.00 380,000.00 44,289.00 424,289.00 3.33% 3.330% Wachovia 330 381,128.13 0.74% 9.34 Subtotal 965,120.83 985,120.83 93,789.00 1,058,909.83 0.00 0.00 0.00 subtotal 967,186.45 1.88% 19.88 Fund 40143abt Sw Aca Tovw WA 100.0000 1,601,649.17 1,501,549.17 1,501,549.17 7.46% Texpool 401 1,501,549.17 2.93% 0.00 FGIC WA 100.0000 252,640.11 252,040.11 252,640.11 1.29% FGIC 401 252,640.11 0.49% 0.00 Subtoftl 1,754,189.28 1,754,18928 0.00 1,754,189.28 0.00 0.00 0.00 subtotal 1,754,189.28 3.42% 0.00 Fund 402-Star Canter Debt SerAce Texpoo WA 100.0000 356,027.34 356,027.34 356,027.34 1.46% Texpool 402 358,027.34 0.69% 0.00 Subtotal 356,027.34 358,027.34 0.00 356,027.34 O.00 0.00 0.00 subtotal 356.027.34 0.69% 0.00 Fund 501•Watsr and Sewer LOGIC WA 100.0000 57.94 57.94 57.94 1.38% LOGIC 501 57.94 0.00% 0.00 FGIC WA 100.0000 50,936.02 50,936.02 50,936.02 1.29% FGIC 501 50,936.02 0.10% 0.00 Texpoo WA 100.0000 774,859.61 774,059.61 774,659.61 1.46% TEXPOOL 501 774,859.61 1.51% 0.00 FHLB 313313829 1011802 362 100203 010203 99.9688 500,000.00 499,843.75 10,000.00. 510,000.00 2.00% 2.000% 444.44 FSW 156.25 501 500,060.00 0.98% 3.53 FHL8 3133MJXD7 041702 587 120403 98.9640 900,000.00 890,676.00 49,500.00 949,500.00 3.41% 2.750% 9,143.75 Banc One 9,324.00 501 911,812.50 1.76% 10.31 FNMA M36F1ELO 011=2 720 010904 010903 100.0000 1,000,000.00 11000,000.00 55,000.00 1,055,000.00 2.75% 2.150% 1st Union 501 1,000,312.50 1.95% %05 FHLB 3133WJYD 101702 472 020904 103.9510 50,000.00 51,975.503,918.75 53.919.75 2.15% 5.225% 493.47 MERRILL 1,975.50 501 52,093.75 0.10% 0.48 FI-L8 3133MTTB4 12!1002 630 09!1004 0311003 100.0000 500,000.00 500,000.00' 17,540.00. 517,500.00 2.00% 2.000% DUNCAN 501 500.625.00 0.98% 6.15 FHLB 3133MDATO 1011502 840 02/1505 107.0000 500,000.00 $35,000.00 67,187.50, 567,187.50 228% 5.375% 4,479.17 MERRILL 35,000.00 501 535,937.50 1.05% 8.84 FHS 3133MTMM 1112202 990 0812205 0512203 100.0000 500,000.00 504,000.00 27,500.04 527,500.00 2.00% 2.000% Wachovia 501 501,484.38 0.98% 9.68 Subtotal 4,775,653.58 4,803,148.63 230,606.25 5,006,259.83 14,560.83 9,480.25 36,975.50 subtotal 4,827,919.20 9.40% 53.02 City of Eu Investmenttty As of December 31,2002 Investment Type Institution ' LOGIC Loci Godt pod FNMA Fed.NaCl Mort.Assoc. FMAC Fed.Home Loan Mort-Corp 1 ST Union Feat Union Securities FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Mpyy market pod FFCB Fed.Farm Credit Bank CD Certificates of Depose Vining Vining SperW Merritt Merrill Lynch FGIC Financial Investors Trust Taxpoo Local Govt pool FHLB Fed.Home Loan Bank Sancone Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cosi Accrued hw. Cualp purchase Tam MMurity Call Price Per Bock Value lnterest Total Prkt.+ Yield To Coupon interest Setter Market %of 11" N+mtt>nt Data (in days JJ Data Data Par 1100 Yawn (Pdn Out Onto W-0-maty Mani ty Bate PLMhased lost Discount Prrmlum Eund Value Portfolio ww Fund Stn-W&S CIP FGIC WA 1{0.0000 197,548.61 197,548.61 197,548.61 1.29% FGIC 502 197,548.61 0.39% 0.00 Texpoo WA 100.0000 1,638,351.21 1,638,351.21 1,838,351.21 1.46% Texpool 502 1,638,351.21 3.20% 0.00 FNMA 3135911011<79 08127101 708 08115103 nic 99.9020 500,000.00 499,510.00 39,333.33 539,333.33 4.05% 4.00% 0.00 Merrill 502 508,281.25 0.97% 6.90 FHLB 3133KPM 06/12/02 512 11/14/03 99.6250 500.000.00 498,125.00 18,750.00 518,750.00 2.77% 2.500% 937.50 Vining 1,875.00 502 504,531.25 0.97% 4.99 FFCS 31331OFN2 1023102 540 04123144 01123103 100.0000 50,000.00 50,000.00 1,537.50 $1,537.50 2.05% 2.050% DUNCAN 502 50,015.63 0.10% 0.53 FHLB 3133MPDAI 0824/02 1080 0624105 0624103 100.0000 550,000.00 550,000.00 49,500.00 599,500.00 3.00% 3.000% 1st Union 502 554,210.94 1.07% 11.59 Subtotal 3,435,899.82 3,433,534.82 109,120.83 3,545,020.85 937.50 1,875.00 0.04 subtotal 3,452,938.88 6.70% 24.01 Fund 505-Water Mrpact Foes Texpoo WA 100.0000 1,094,850.94 1,094,850.94 0.00 1,094,850.94 1.46% Texpool 505 1,094,850.94 2.14% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00 1.29% FGIC 505 0.00 0.00% 0.00 FHLB 3133MCF294 11/19/02 990 08/19/05 05/19/03 100.0000 500,000.00 500,000.00 41,250.00 541,250.00 3.00% 3.000% Wachovia 505 503,359.38 0.98% 9.66 Subtotal 1,594,850.94 1,594,850.94 41,250.00 1,636.100.94 0.00 0.00 0.00 subtotal 1,598,210.31 3.11% 9.66 Fund 507 W&S Emergency FNMA 3138F2VM7 12MM2 720 12/06/04 06/06/03 100.0000 500.000.00 500,000.00 24,500.00 524,500.00 2.45% 2.450% MERRILL 507 502,500.00 0.98% 7.02 Subtotal 500,000.00 500,000.00 24,500.00 524,500.00 subtotal 502,500.00 0.98% 7.02 Fund 506.Vfts% ator impact Fees FGIC WA 100.0000 166,221.42 188,221.42 106,221.42 1.29% FGIC 508 166,221.42 0.32% 0,00 Twq- WA 100.0010' 318,532.83 318,532.83 318,532.83 1.46% Texpool 508 318,532.83 0.62% 0.00 FHLB 3133WPM8 1028102 720 1028104 0428103 100.0000 500,000.00 500.000.00 23,750.00 523,7%00 2.38% 2.375% BANC ONE 508 501,796.88 0.98% 7.02 Subtotal 984,754.28 984,754.26 23,750.00 1,008,504.26 0.00 0.00 0.00 subtotal 986,551.13 1.92% 7.02 Fund 5104)mInage FGIC WA 100.0000 151,09222 151,09222 151,09222 1.29% FGIC 510 151,092.22 0.29% 0.00 Tom- WA 100.0000 92.927.21 92,927.21 92,927.21 1.46% Texpool 510 92,927.21 0.18% 0.00 FNMA 3135811W 07/11/01 539 01/10/03 NIC 103.7188 325,000.00 337,085.94 33,150.00 358,150.00 4.21% 6.800% 61.39 Merrill 12,085.94 510 325,40625 0.66% 3.55 Subtotal 569,019A4 581,105.37 33,150.00 802,169.44 61.39 0.00 12,085.94 subtotal 589,425.69 1.13% 3.55 Fund 811,Oralnege CIP FGIC WA 100.0000 330,743.68 330,743.66 0.00 330,743.66 1.29% FGIC 511 330,743.66 0.65% 0.00 Texpoo WA 100.0000 85,97129 85,971.29 85,971.29 1.46% Texpool 511 85,971.29 0.17% 0.00 FHLB 3133MRWES 10/07102 540 04/07/04 01/07/03 100.0000 500,000.00 500,000.00 17,812.50 517,812.50 2.38% 2.375% DUNCAN 511 500,078.13 0.98% 527 FNMA 313OF1OFO 10/30102 873 09/13/04 03/13!03 100.6570 200,000.00 201,314.00 14,800.00 214,800.00 3.33% 3.700% 966.11 BANC ONE 1,314.00 511 200,908.25 0.39% 2.66 Subtotal 1,116,714.95 1,118,028.95 32,612.50 1,149,327.45 966.11 0.00 1,314.00 subtotal 1,117,699.32 2.18% 7.93 Fund 512-Doings Raw" Texpoo WA 100.0000 231,119.00 231,119.00 0.00 231,119.00 1.46% Texpool 512 231,119.00 0.45% 0.00 Fund 520.Rocroadon Closes FGIC WA 100.0000 136,324.89 136,324.89 0.00 136,324.89 129% FGIC 520 136,324.89 0.27% 0.00 Texpoo WA 100.0000 21,658.07 21,658.07 21,658.07 1.46% Texpool 520 21,658.07 0.04% 0.00 Subtotal 157,982.95 157,982.95 0.00 157,982.95 0.00 0.00 0.00 subtotal 157,982.95 0.31% 4.00 Fund 521-Arbor Do" FGIC WA 100.0000 179,014.86 179,014.66 0.00 179,014.66 1.29% FGIC 521 179,014.66 0.35% 0.00 Tom- WA 100.0000 795.03 795.03 0.00 795.03 1.46% Texpool 521 795.03 0,00% 4,00 179,809.70 0.00 0.00 0.00 subtotal 179,809.70 0.35X 0.00 Subtotal 179,809.70 179,809.70 0.00 Fund 830,%flban W*dd*peradng FGIC WA 100.0000 36,125.64 36,125.64 4.00 36,125.64 129% FGIC 530 36,125.64 0.07% 0.00 Tagroo WA 100.0000 496,991.68 496,991.68 0.00 496,991.68 1.46% Texpool 530 496,991.68 0.97% 0.00 CO 0423102 365 0423103 100.0000 51000.00 5.700,00 140.04 5,100.00 2.00% 2.000% Landmark 530 5,000.00 0.01% 0.04 Subtotal 538,117.33 538,117.33 100.00 538,217.33 0.00 0.00 0.00 subtotal 538,117.33 1.05% 0.04 Fund 540400 Counts 0.00 1.46% Texpool 544 0.00 0.00% 0.00 Texpoo WA 100.0000 0'.00 0.00 FGIC WA 100.0000 0.00 0.00 0.00 1.29% FGIC 540 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 I Fund 641-Golf CIP Texpoo WA 100.0000 149,641.29 149,641.29 0.00 149.641.29 1.46% Texpool 541 149,841.29 0.29% 0.00 C Y of E-40 » Investment by As of December 31,2002 Investment Type Institution LOGIC Local Govt Pool FNMA Fed.Nail Mat Assoe. FMAC Fed.Home Loan Mat.Corp IST IJnbn First Unkxl Securities FSW First Southwest LOGIC Local Govt investment Coop. FDIC MoneyMerket Pod FFCB Fed.Farm Credit Bank CD Certilicotes of Deposit Vining Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Govt Pod FHLB Fed.Home loan Bank SancOne Banc One Capital Everen Everen Securities Texpod TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Irw. Cuslp Purchase Term Maturity Coll Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Markin %of Dan Num tmc Oete 00days)Mte Date par S1n6 Value (Priv Only QmaCy Int IQ Ma hdatud4t Role Purchased Inst. DLseount Ereml., hued Value P.ocifolln 15M Fund 550-Porks at Texas Star Texpoo WA 100.0000 56,048.65 56,048.65 0.00 56,048.65 1.46% Texpooi 550 56,048.65 0.11% 0.00 Fund 552•Phasa R Athletic Complex FGIC WA 100.0000 53,003.87 53,003.87 0.00 53,003.87 1.29% FGIC 552 53,003.87 0.10% 0.00 TV*- WA 100.0000 69,871.03 69,871.03 69,871.03 1.46% Texpool 552 69,871.03 0.14% 0.00 FFCS 31331OFN2 10123/02 540 0423/04 0123103 100,0000 450,000.00 450,000.00 13,837.50 403,837.50 2.05% 2.050% DUNCAN 552 450,140.63 0.88% 4.74 FHLB 3133WP95 10!30102 630 07/30/04 01130103 100.0000 500,000000 500,000.00 22,500.00 522,500.00 2.25% 2250% WACHOVtA 552 500.312.50 0.98% 6.15 FNMA 3138F2PM4 1029/02 720 1029/04 0429103 100.0000 500,000.00 500,000.00 25,000.00 525,000.00 2.50% 2.500% WACHOVIA 552 502,031.25 0.98% 7.02 Suter 1,572,874.90 1,572,674.90 81,337.50 1,834,212.40 0.00 0.00 0.00 subtotal 1,575,35927 3.07% 17.91 Fund 601-Equipment Replacement FDIC WA 100.0000 92,307.78 92,307.78 92,307.78 1.29% FGIC 601 92,307.78 0.18% 0.00 Texpoo WA 100.0000 362,085.81 362,085.81 362,085.81 1.46% Texpooi 601 362,085.81 0.71% 0.00 Subtotal 454,393.59 454,393.59 0.00 454,393.59 0.00 0.00 0.00 Subtotal 454,393.59 0.89% 0.00 i Fund 6104murence FDIC WA 100.0000 0100 0.00 0.00 1.29% FGtC 610 0.00 0.00% 0.00 TexPoo WA 100.0000 9•p0 0.00 0.00 1.46% Texpod 610 0.00 0.00% 0.00 subtotal 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 Fund 6154ttsk MenagameM FGIC WA 100.0000 47,313.18 47,313.18 47,313.18 1.29% FOIC 615 47,313.18 0.09% 0.00 Texpoo WA 100.0000 430,361.77 430,361.77 430,361.77 1.46% Texpod 615 430,361.77 0.84% 0.00 Subs 477,674.94 477,674.94 0.00 477,674.94 0.00 0.00 0.00 subtotal 477,674.94 0.93% 0.00 Fund 70"o5as Stan Escrow Reserve Texpoo WA 100.0000 2,152,794.30 2,152,794.30 2,152,794.30 1.46% Texpooi 705 2,152,794.30 4.20% 0.00 TOTAL 51,081,295.45 51,189,359.63 1,693,203.63 52,674,499.07 56,777.25 22,760.25 131,490.70 TOTAL 51,297,152.01 100.00% 350.76 city Schedule-bases • . For October 2002 *+restme tTYPe Institution LOGIC Local Gott Pool FNMA Fed.Nar1 Mort Assoc. FHLB Fed.Home Loan Bank FGIC Finanadal Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money Market Pool FFCB Fed.Farm Credit Sank 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 Inv. Cusip Purchase Term Maturity Cali Price Per Book Value Interest Total Yield To Coupon Interest Seller Mary Net of Total Cost Zytu Number oft 011A110) Dale Data Pairlion Wild! ($f0.On Prin+In Mahtd0t Bale Eiwthasad Inst, Dismilllt Premium Eund Prem Disc d Int P of IrtwestOIeot Te"d 1004114 100.0000 81,542.71 81,542.71 0.00 81,542.71 1.84% Texpool 402 81,542.71 81,542.71 TexPool 10M4104 100.0000 700,000.00 700,000.00 0.00 700,000.00 1.84% Texpool various 700,000.00 700,000.00 FHLB 3133MRWES 10/07/02 540 04/07/04 01/07/03 100.0000 500,000.00 500,000.00 17,812.50 517,812.50 2.38% 2.375% DUNCAN 511 517,812.50 500,000.00 FHLB 3133MS2Y5 10/07112 1080 10/07/05 11/07/02 100.0000 1,000,000.00 1,000,000.00 90,000.00 1,090,000.00 3.001Y. 3.000% WACHOVIA 505 1,090,000.00 1,000,000.00 FHLB 3133MRZCO 10107/02 540 04117/04 04/07/03 100.0000 500,000.00 500,000.00 16,950.00 516,950.00 2.26% 2.260% DUNCAN 101 516,950.00 500,000.00 Texpool 10/10172 100.0000 2,000,000.00 2,000,000.00 0.00 2,000,000.00 1.84% Texpool various 2,000,000.00 2,000,000.00 Texpool 10/11/02 100.0000 1150.0,000.00 1,500,000.00 0.00 1,500,000.00 1.84% Texpool various 11500,000.00 1,500,000.00 FHLB 3133MSSK2 10/15/02 540 04115104 04H5M3 100.0000 500,000.00 5M.000.00 16,875.00 516,875.00 2.25% 2.250% BANC ONE 210,301 516,875.00 500,000.00 FHLB 3133MDAT0 10115102 840 02/15/05 107.0000 500.000.00 535,000.00 67,187.50 567,187.50 2.28% 5.375% 4,479.17 MERRILL 35,000.00 501 527,708.33 539,479.17 FHLB 3133MTJV9 10/17/02 472 02/09104 103.9510 50,000.00 51,975.50 3,918.75 53,918.75 2.15% 5.225% 493.47 MERRILL 1,975.50 501 51,449.78 52,468.97 FHLB 3133MSOU 101181}2 362 10/02133 01102103 99.9688 500,000.00 499,843.75 10,000.00 510,000.00 2.00% 2.000% 444.44 FSW 156.25 501 509,555.56 500,288.19 FHLB 3133MSDOO 10x22102 720 10/22/04 11/22/02 100.0000 1,000,000.00 1,000,000.00 49,200.00 1,049,200.00 2.46% 2.460% WACHOVIA 101 1,049,200.00 11000,000.00 FFCB 31331OFN2 10123/02 540 04/23/04 01/23103 100.0000 500,000.00 500,000.00 15,375.00 515,375.00 2.05% 2.050% DUNCAN 502,552 515,37500 500,000.00 FHLB 3133MSPMO 1028112 720 1028/04 94126103 100.00Q0 500,000.00 500,000.00 23,750.00 523,750.00 2.38% 2.375% BANC ONE 508 523,750.00 500.000.00 FNMA 3136F2PM4 1029/02 720 1029/04 0429103 100.0000 500,000.00 500,000.00 25,000.00 525,000.00 2.50% 2.500% WACHOVIA 552 525,000.00 500,000.00 FNMA 313CF10F0 10/30112 673 09/13/04 03/03/03 100.6570 200,000.00 201,314.00 14,800.00 214,800.00 3.33% 3.700% 966.11 BANC ONE 1,314.00 511 212,519.89 202,260.11 FHLB 3133MSP95 10/30/02 630 07/30104 01130/03 100.0000 500,000.00 500,000.00 22,500.00 522,500.00 2.25% 2.250% WACHOVIA 552 522,500.00 $00,000.00 FHLMC 3128XOCRS 10/30/02 540 04/30/04 01130103 100.0000 500,000.00 500,000.00 15,450.00 515,450.00 2.06% 2060% DUNCAN 305 515,450.00 500,000.00 TOTALS: 11,531,542.71 11,569,675.96 388,818.75 11,920,361.46 2.26% 6,383.19 156.25 38,289.50 11,875,688.77 11,576,059.15 LOGIC DIVIDENDS REINVESTED 0.09 0.09 TEXPOOL DIVIDENDS REINVESTED 16,493.70 16,493.70 FGIC DIVIDENDS REINVESTED 14,448.27 14,448.27 " City c Scheduts classes For November 2002 M"WtmentType Institution ' LOGIC Local Gov't Pod FNMA Fed.Nall Mort Assoc. FHLB Fed.Home Loan Bank FGIC Finsnocial Investors Trst FSW First Southwest LNDMRK Landmark Bank I= Money Market Pool FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort Corp. Vining Vining Sparks Merrill Merrill Lynch LOGIC Local Govt Investment Cooperative SLMA Student Loan Mort Assoc.TNOTE Treasury Note CO Certi6cate'of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Cost Accrued Total P+I @ Inv, Cusip Purchass Tenn Maturity Can Price Per Book Value Interest Total Yield To Coupon Interest Seller Msfy Net of Total Call 13" Num Data (In daysl Date Date ParS100 Yahat (8fo Only d matt @ffi+Ind Matudly Bate purchased Inst Discount Frain i Eund From.Dist d,Mt P of Texpod 1107/02 100.0000 1,500,000.00 1,500,000.00 0.00 1,500,000.00 1.51% Texpool various 1,500,000.00 1,500,000.00 Texpool 110602 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.48% Texpool various 1,000,000.00 1,000,000.00 Texpool 11/15/02 100.0000 681,542.71 681,542.71 0.00 681,542.71 1.55% Texpool various 681,542.71 681,542.71 Texpool 11/27/02 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.52% Texpool various 1.000.000.00 1,000,000.00 FNMA 31359MHA4 1101)02 103 02/1403 100.9545 100,000.00 100,954.50 2,500.00 102,500.00 1.63% 5.000% 1,055.56 Banc One 954.50 101 100,489.94 102,010.08 FNMA 3136F2PZ5 1107/02 1080 1107/05 0207/03 100.0000 500,000.00 500,000.00 49,500.00 549,500.00 3.30% 3.300% Merrill 330 549,500.00 500,000.00 FMB 3133MSX88 1111302 630 08/1304 02/1303 100.0000 500,000.00 500,000.00 20,300.00 520,300.00 2.32% 2.320% Duncan 101 520,300.00 500,000.00 FHLMC 3128XOGS2 1111302 900 0511305 05M303 100.0000 585,000.00 585,000.00 38,390.53 623,390.63 2.63% 2.625% Merrill 305 623,390.63 585,000.00 FHLB 3133MTF294 11/1902 990 08/19/05 0511903 100.0000 500,000.00 500,000.00 41,250.00 541,250.00 100% 3.000% Wachovia 505 541,250.00 500,000.00 FHLB 3133MTE95 11/1902 1080 11/18/05 05MIM13 100.0000 1,000,000.00 1,000,000.00 96,600.00 1,096,600.00 3.22% 3.220"/ Wachovia 501 1,096,600.00 1,000,000.00 FHLB 3133MTRXS 112202 990 0812205 052203 100.0000 500,000.00 500,000.00 27,500.00 527,500.00 2.00% 2.000% Wachovia 501 527,500.00 500,000.00 FHLB 3133MTN33 112802 630 082SO4 02125/03 100.0000 500,000.00 500,000.00 18,375.00 516,375.00 2,10% 2.100% DUNCAN 101 518,375.00 500,000.00 FHLB 3133MTGR3 1111602 1260 0512608 0212603 100.0000 380,000.00 380,000.00 44,289.00 424,289.00 3.33% 3.330% Wachovia 330 424,289.00 360,000.00 FHL8 3133MTJM1 118602 1260 052606 1212602 100.0000 1,000,000.00 1,000,000.00 107,450.00 1,107,450.00 3.07% 3.070% Wachovia 102,507 1,107,450.00 1,000,000.00 TOTALS: 9,746,542.71 9,747,497.21 446,154.63 10,192,697.34 2.33% 1,055.56 0.00 954.50 10,190,687.28 9,748,552.77 LOGIC DIVIDENDS REINVESTED 0.07 0.07 TEXPOOL DIVIDENDS REINVESTED 12,308.48 12,306.48 FDIC DIVIDENDS REINVESTED 12,321.85 12,321.85 �y • Sehedula seep For December 2002 institution LOGIC Local Gov't Pool FNMA Fed.Nall Mort Assoc. FHLB Fed.Home Loan Bank FGIC Financial Investors Trst FSW First Southwest LNDMRK Landmark Bank FDIC Money M Pod FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort Corp. Vining Yining Sparks Merrill Merrill Lynch LOGIC Local Gov't Investment Cooperative 5 SLMA Student Loan Mort Assoc. TNOTE Treasury Note CO Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Cost Accrued Total P+I Inv. Cusip Purchase Tenn Maturity Call Price Par Book Value Interest Total Vield To Coupon Interest Seller Macy Net of Total Cost 14" (!limbs[ oft 1in_days2 Date Data Per 11Sl0 YAM (Plan iTagr?_ Ob roaL7r PrIn+Int MAtU Sly Bate BuThaSed IDSL Of5G611tIt Premium Euod Emm.1 1sc A Int P p[hy ashnW FFCB 31331OKK2 1203/02 540 06103/04 03/03/03 100.0000 500,000.00 500,000.00 14,925.00 $14,925.00 1.99% 1.990% VINING 103 514,925.00 5001000.00 Texpool 1204102 100.0000 81,542.71 81,542.71 0.00 81,542.71 1.45°/. Texpool various 81,542.71 81,542.71 Texpool 12/OSO2 100.0000 500,000.00 500,000.00 0.00 500,000.00 1.46% Texpool various 500,000.00 500,000.00 FNMA 3136F2VM7 120602 720 120604 060803 100.0000 500,000.00 500,000.00 24,500.00 524,500.00 2.45% 2.450% MERRILL 507 524,500.00 500,000.00 FNMA 3138F2VW5 120902 720 120904 120903 100.0000 500,000.00 500,000.00 20,000.00 520,000.00 2.00% 2.000% BANC ONE 240 520,00040 500,000.00 FHLB 3133MTTS4 12/1002 630 09/1004 0311003 100.0000 500,000.00 500,000.00 17,600.00 517,500.00 2.00% 2.000% DUNCAN 501 517,500.00 500,000.00 FHLB 3133MTZKQ 12/1002 630 09/1004 0911003 100.0000 500,000.00 500,000.00 17,587.50 517,587.50 2.01% 2.010% DUNCAN 101 517,587.50 500,000.00 FHLB 3133MU389 12/1302 630 0911304 03113103 100.0000 500,000.00 500,000.00 18,375.00 518,375.00 2.09% 2.100% WACHOVIA 240 518,375.00 500,000.00 FHLB 3133MU3B9 1211302 630 09113/04 0311303 100.0400 500,000.00 500,000.00 18,375.00 518,375.00 2.10% 2.100% FSW 240 518,375.00 500,000.00 FNMA 31359MO82 1211302 720 1211304 0311303 100.0000 500,000.00 500,000.00 25,00040 525,000.00 2.50% 2.500% BANC ONE 102 525,000.00 500,000.00 FHLB 3133WTVZO 12/1302 720 1211304 0611303 99.9688 500,000.00 499,843.75 22,600.00 522,600.00 2.28% 2.260% VINING 240 522,600.00 499,843.75 FHLB 3133MUSSO 1211702 540 06/1704 OSMTO3 100,0000 500,000.00 500,000.00 15,000.00 515,000.00 2.00% 2.000% BANC ONE 101 515,000.00 50,000.00 Tax" 121`1902 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.45% Texpool various 11000,000.00 11000,000.00 Texpool 12f13O2 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.46% Texpool various 1,000,000.00 1,000,000.00 Taxpod 12/2602 100.0000 1,800,000.00 1,800,000.00 0.00 1,800,000.00 1.46% Texpool various 11800,00040 1,800,000.00 Texpod 128702 100.0000 600,000.00 600,000.00 0.00 600,000.00 1.46% Texpool various 600,000.00 600,000.00 Texpool 1214102 100.0000 1,500,000.00 1,500,000.00 0.00 1,500,000.00 1.41% Texpool various 11500,000.00 1,504,000.00 TOTALS: 11,481,542.71 11,481,386.40 193,862.50 11,675,405.21 1.86% 0.00 0.00 0.00 11,675,405.21 11,481,386.46 LOGIC DIVIDENDS REINVESTED 0.07 0.07 TEXPOOL DIVIDENDS REINVESTED 12,989.39 12,989.39 FGIC DIVIDENDS REINVESTED 11,550.77 11,550.77 Sehedub " ritles For October 2002 hwes"em Type Institution LOGIC Local Govt Pool FNMA Fed,Nat1 Mort.Assoc. FHLB Fed.Home Loan Bank FGIC FkranscMl Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Ma ket pool FFCB Fed.Farm Craft Bank FMAC Fed.Home Loan Mort.Corp.Money Vining VInMg Sparks Merrill McMB Lynch LOGIC Local Gov't Investment Cooperative SLMA Student Loan Mott.Assoc. TNOTE Treasury Note CD' Certificate at Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities a Term to cast Accrued Total P+I -'' Inv. Cuslp Purchase MMy/Call Maturity Can Price Per Book Value Interest Total Pdn,+ Yield To Coupon Interest Seller Maty or call Net of Totem Cost M= N11mhaC 00QtLdays l Oetn Data PeL 10b Xalue maYyH as Int-15 MaYv gr}�� gale pis � DIsm t P�mtum Fund Prem 6 Int Pur- pt t0yp pppt "r FGIC 10/02/02 100.0000 200,000.00 200,000.00 0.00 200,000.00 1.81% FGIC various 200,000.00 200,000.00 FFC8 31331L2V9 07103102 450 10/03103 10/03/02 100.0000 500,000.00 500,000.00 16,562.50 518,562.50 2.65% 2.650% 1STUNon 501 518,562.50 500,000.00 FNMA 313OF0804 0526/02 846 10104/04 10/04102 101,0710 200,000.00 202,142.00 25,750.00 225,750.00 205% 5.150% 1,545.00 Banc One 2,142.00 240 222,063.00 203,687.00 Texpool 10/07/02 100.0000 2,000,000.00 21000,000.00 0.00 2,000,000.00 1.85% Texpool various 2,000,000.00 2,000,000.00 Taxpool 10108102 100.0000 750,000.00 750,000.00 0.00 750,000.00 1.85% Texpool various 750,000.00 750,000,00 FHLB 3133WFP02 07109!02 720 07109104 10109102 100.0000 1,000,000.00, 1,000,000,00 67,000.00 1,067,000.00 3.35% 3.350% IST Union 240 1,067,000.00 1,000,000.00 FHLB 3133MRAM4 09/10102 360 09/10103 10110102 100.0000 1,000,000.00 1,000,000.00 20,000.00 1,020,000.00 2.00% 2.000% BANC ONE 505 1,020,000.00 1,000,000.00 FHLMC 3134A3T48 08111/01 484 1011=2 n/c 102.7118 1,000,000.00 1,027,118.13 93,750.00 1,093,750.00 4.15% 8.250% 9,722.22 FSW 27,118.13 501 1,056,909.65 1,038,840.35 FHLB 3133MSYK0 08/11101 484 10/15102 ntc 100.090 500,000.00 503,295.00 35,062.50 535,062.50 4.16% 4.675% 3,636.11 BancOne 3,29500 301 528,131.39 506,931.11 FHLB 3133MPL53 07/18102 830 04118!04 10116102 100.0000 500,000.00 500,000.00 27,562.50 527,562.50 3.15% 3.150% Duncan 601 527,562.50 500,000.00 FHLB 3133MRCP5 09t18M 720 09118/04 10/16)2 100.0000 500,000.00 500,000.00 27,000.00 527,800.00 2.78% 2.780% BANC ONE 508 527,800.00 500,000.00 FNMA 3136FOT85 09105)2 783 10118104 10118102 100,1740 5001000.00 500,870.00 48,875.00 546,875.00 2.26% 3.750% 7,135.42 BANC ONE 870.00 210 538,869.58 508,005.42 Tvgw 100=2 100.0000 1,400,000.00 1,400,000.00 0.00 1,400,000.00 1.85% Texpool various 1,400,000.00 11400,000.00 FNMA 3136FOU75 01)7/02 646 1023)3 10123102 99.6875 500,000,00 498,437.50 30,700.00 530,700.00 3.25% 3.070% 3,155.28 Duncan 1,562.60 101 527,544.72 501,592.78 Taxpool 1025102 100.0000 200,000.00 200,000.00 0.00 200,000.00 1.85% Texpool various 200,000.00 200,000.00 'r FFCB 3133tL5G9 0729702 659 0528104 1028102 100.0000 500,000.00 500,000.00 25,170.14 525,170.14 2.75% 2.750%. Duncan 101 525,170.14 500,000,00 TexPooi 1029102 100.0000 500,000.00 $00,000.00 0.00 500,000.00 1.90% 1 Texpool various 500,000.00 500,000.00 TWOW 10130)2 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,040.00 1.90% Texpool various 1,000,000.00 11000,000.00 TOTAL 12,750,000.00 12,781,862.63 416,232.64 13,168,232.64 2.52% 25,194.03 1,562.50 33,425.13 13,107,613.48 12,807,056.68 *f car o1 Schedule es For November 2002 F hrv""emType Institution LOGIC Local Gott Pod FNMA Fed.NOM Mort Assoc. FHLB Fed,Home Loan Bank FGiC Ftnansidat Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money Market Pod FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. Vining Vining Sparks Merrill Merrill Lynch LOGIC Local Gott Investment Cooperativd SLMA Student Loan Mar.Assoc. TNOTE Treasury Note CD Ceffi ate of Deposit BANCONE Baru One Capital Everen Everen Securities Chase Chase Securities Term to Cost Accrued Total P+I Inv. Cuslp Purchase Mat'y/Cas Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Maty or call Net of Total Cort 3y" 'J Da (la dn" Data Rate Per 1100 YAMS CPdo.Onbe} maiyrt Int M?ly Matyd &IR purchased Inst, Discount Premium Eund Prem d Int Pur. oflmarstman TWOW NOSM2 100.0000 700,000.00 7001000.00 0.00 700,000.00 2.77% Texpool various 700,000.00 700,000.00 FHLB 3133MNCJS 05!06702 720 05106104 11106/02 100.0000 11000,000.00 1,000,000.00 501500A6 1,050,500.00 2.53% 2.525% 1st Union 501 1,050,500.00 1,000,000.00 FHUS 3133M52Y5 10747742 1080 141/7/05 11107/02 100.0000 11000,000.00 1,000,000.00 90,000.06 1,090,006.00 3.00% 3.000% WACHOVIA 505 1,090,000.00 11000,000.00 FNMA 31364FGD7 0W12JOl 510 11112/02 me 102.5360 500,000.00 512,680.00 47,100.06 547,100.00 4.41% 6.280% 2,616.67 Merrill 12,680.00 501 531,803.33 515,296.67 FHLB 3133MAN9 11114101 900 05114104 11114142 100.0006 500,000.00 5001000.00 42,750.00 542,750.00 3.42% 3.420% 1st Union 240 542,750.00 5001000.00 FHLB 3133MJJNI 1tlt8101 1260 05118105 05/16102 100.0000 11000,000.00 1,000,000.00 122,500.00 1,122,500.00 3.50% 3.500% 1st Union 501,507 1,122,500.00 1,000,000.00 Texpooi 11/19/02 100.0000 1,500,000.00 1,500,000.00 0.00 1,500,000.00 1.44% Texpool various 11500,000.00 11500,000.00 FHL9 3133MSDM 14122102 720 20/22104 11122/42 100.0060 1,060,000.00 1,000,000.00 49,200.00 1,049,200.00 2.46% 2.460% WACHOVIA 101 1,049,200.00 1,000,000.00 Texpod 11126112 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.52% Texpool various 1,000,000.00 1,000,000.00 FNMA 3136F2DW5 0617102 540 02/27134 11/27102 100.0000 500,000.00 500,000.00 16,875.00 516,875.00 2.25% 2.250% Wachovia 101 516,875.00 500,000.00 FHLB 3133MOUCS 08/27/02 720 08127104 11127/02 100.0000 500,000.00 500,000.00 26,400.00 526,400.00 2.64% 2.640% Wachovia 101 526,400.00 500,000.00 FMAC 312924VK6 01/15/02 1034 1129104 11/29/02 99.3750 190,000.00 168,812.50 20,235.00 210,235.00 3.78% 3.550% 861.86 FSW 1,187.50 101 209,373.14 189,674.36 TOTAL 9,390,000.00 9,401,492.50 465,560.00 9,855,560.00 2.73% 3,478.53 1,187.50 12,680A0 9,839,401.47 9,404,971.03 r �, 7 city C Schedule edrittes , For December 2002 5. w Investment Type Institution LOGIC Loot Galt Pool FNMA Fed.Nan Mort.Assoc. FHLB Fed.Home Loan Bank FGIC Rnanacial Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money Market Pod FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mott.Corp. Vining Vining Sparks Memo Mahn Lynch LOGIC Local Gov't Investment Cooperative SLMA Student Loan Mort Assm TNOTE Treasury Note CD Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase SecudUes Term to Cost Accrued Total P+I�} Inv. Cu* Purchase Mary/Call Maturity Can Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Mary or call Net of Total Cost Z" 111 Dim andaysData Dmn PstS.19ff YBIue (Plin_Ony} tfbmetylCaB Int*Mary matu ty Bate PuMbAs d inst. DlSC011nt E_'mmiuID Etlnd Prem&int Pur of 10.vestmeOt FHLB 3133MOM 09103102 720 09/03104 12103/02 100.0000 5001000.00 500,060.00 22,500.00 522,500.00 2.25% 2.250% VINING 220 522,500.00 500,000.00 FM.B 3133MR204 09105102 540 03105104 12105102 100.0000 1,600,006.06 1,000,000.00 33,000.00 1,033,000.00 2.20% 2.200% DUNCAN 240 1,033,000.00 11000,000.00 FH.6 3133MRBD3 09109102 630 06/09/04 12/09102 100.0600 500,000.00 500,000.00 22,750.00 522,750.00 2,60% 2.600% DUNCAN 240 522,750.00 500,000.00 Texpoct 12/10/02 100.0000 700,000.00 700,000.00 0.00 700,000.00 1.46% Texpool various 700,000.00 700,000.00 FH.8 3133MNWB3 06112102 450 09/12103 12/12/02 100.0000 500,000.00 500,000.00 18,750.00 518,750.00 3.00% 3.000% Duncan 301 518,750.00 500,000.00 Texpooi 12117102 100.0000 600,000.00 600,000.00 0.00 600,000.00 1.45% Texpool various 600,000.00 600,000.00 FMAC 312925SBI 08/18102 720 06/18/04 12118/02 100.0000 500,000.00 500,000.00 26,000.00 526,000.00 2.60% 2.600% 1st Union 240 526,000.00 500,000.00 FHLB 3133MM95 11/19102 1080 11/18/05 12/19/02 100.0000 1,000,000.00 1,000,000.00 96,600.00 1,096,600.00 3.22% 3.220% Wachovia 501 1,09600.00 1,000,000.00 FH 13 3133MRL83 09123102 720 0923/04 1223/02 100.0000 400,000.00 400,000.00 23,680.00 423,680.00 2.96% 2.960% BANC ONE 240 423,680.00 400,000.00 FHLB 3133MM03 0924102 630 06/24/04 1224102 100.0000 500,000.00 500,000.00 23,625.00 523,625.00 2.70% 2.700% DUNCAN 101 523,625.00 500,000.00 FFCS 31331LV96 082&02 540 1226/03 1228102 100.0000 500,000.00 500,000.00 22,575.00 522,575.00 3.01% 3.010% Duncan 240 522,575.00 500,000.00 FHLB 3133MTJM1 1128/02 1260 0526106 1226/02 100.0000 1,006,000.00 1,000,000.00 107,450.00 1,107,450.00 3.07% 3.070% Wachovia 102.507 1,107,450.00 1,000,000.00 FHLB 3133MRUL4 09/30/02 540 03/30/04 12/30102 100.0000 500,000.00 500,000.00 16,875.00 516,875.00 2.25% 2.250% WACHOVIA 240 516,875,00 500,00000 FH.B 3133MZUA3 05/13/02 227 12/30/02 n/c 102.5861 500,000.00 512,930.68 31,050.00 531,050.00 2.06% 6.210% 11,471.25 Banc One 12,930.68 101 566,648.07 $24,401.93 FHL9 3133MRSVS 09/30102 900 03/30/05 12/30102 100.0000 500,000.00 500,000.00 38,250.00 538,250.00 3.06% 3.060% FSW 103 538,250.00 500,000.00 TOTAL 9,200,000.00 9,212,930.88 483,105.00 9,883,105.00 2.53% 11,471.25 0.00 12,930.68 9,658,703.07 9,224,401.93 Asa,�;�;#■■��■,■�■�■■_■,■es,�sa,�,ae�■■.■&■s ■ §)\||k|$b 4° k �2k � 2 k � | # s k 2 2 ■ . s | | . | | 2 � . .. . . . .. . . ., . . � k ■ | § % ■ ■ | ■ ! | § | ■ . ■ � # k # # ! ■ ■ ■ | � ' 2 k k # ■ # # ` - 2 | # a 2 # # ! § # ■ » || # # a | # # # || ! ! § ` ® | 2k & # ■ s #, » # , s | ■ § ## # § # # ■ ■ ■■ ® ■ ■ § | k k , s � | & K # » � [ . # 2 K B ■ ■ ■ � � ; # ■ # § § &) t ■ ; | � 2 ■ @ � § § «s_�,.°,,,^a,■..»;��#��a##©��a*2#s#�■■�aR�■ @ E $°k#-Kk#####-9#k°■#■°°#k^!■■k°°k■E#°k#° k . ■ !; ,-�e■q• #!■ ��� «■■�� ■ ,•■§ �� K § s,ssssa.s,es»,.assess■a.easa..assa.s.,sa.,, ■ d66dddad...aa... k �##�„s■-s_�#a,.s;.;.sm�a■■9�.,.,■■as,■�a,#a r §■§■=ae■�t■■■■2■■■■■e■■■■k■!ae■■■e!�■§■!:■! 2 !